IDS PRECIOUS METALS FUND INC
NSAR-A, 1996-11-25
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<PAGE>      PAGE  1
000 A000000 09/30/96
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001 A000000 IDS PRECIOUS METALS FUND, INC.
001 B000000 811-4132
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002 A000000 IDS TOWER 10
002 B000000 MINNEAPOLIS
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014 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
014 B00AA01 8-31250
014 A00AA02 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
014 B00AA02 8-16791
014 A00AA03 IDS LIFE INSURANCE COMPANY
014 B00AA03 8-14124
014 A00AA04 IDS SECURITIES CORPORATION
014 B00AA04 8-12550
014 A00AA05 AMERICAN EXPRESS SERVICE CORPORATION
014 B00AA05 8-27456
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   43
019 C00AA00 IDSMUTFDGR
020 A000001 BURNS FRY INC.
020 B000001 13-2692943
020 C000001    109
020 A000002 SCOTIAMCLEOD (USA) INC.
020 B000002 13-5239583
020 C000002     21
020 A000003 DOMINION SECURITIES
020 B000003 13-5033225
020 C000003     12
020 A000004 MIDLAND WALWYN CAPITAL INC.
020 B000004 N/A
020 C000004      7
020 A000005 JAMES CAPEL INC.
020 B000005 52-1348224
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020 C000005      6
020 A000006 J.B. WERE & SONS INC.
020 B000006 13-3077027
020 C000006      5
020 A000007 FIRST MARATHON
020 B000007 N/A
020 C000007      4
020 A000008 GORDON CAPITAL INC.
020 B000008 13-2811234
020 C000008      4
020 A000009 PRUDENTIAL SECURITIES INC.
020 B000009 22-2347336
020 C000009      4
020 A000010 WEEDEN & CO. L.P.
020 B000010 13-3364318
020 C000010      3
021  000000      204
022 A000001 MERRILL LYNCH & CO., INC.
022 B000001 13-5674085
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022 A000002 NATIONSBANK
022 B000002 75-0520130
022 C000002     21622
022 D000002      9981
022 A000003 LEHMAN COMMERICAL PAPER INC.
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022 C000003     18011
022 D000003     13274
022 A000004 MORGAN STANLEY & CO., INC.
022 B000004 13-2655998
022 C000004     12854
022 D000004     13869
022 A000005 GOLDMAN SACHS & CO.
022 B000005 13-5108880
022 C000005     19905
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022 A000007 BANK OF AMERICA
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022 A000009 CHASE MANHATTAN INVESTMENT INC.
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SIGNATURE   LESLIE L. OGG                                
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> IDS PRECIOUS METALS CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                         82428109
<INVESTMENTS-AT-VALUE>                       115592964
<RECEIVABLES>                                  1249591
<ASSETS-OTHER>                                  991231
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               117833786
<PAYABLE-FOR-SECURITIES>                       2241436
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                            4188832
<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                          7410879
<SHARES-COMMON-PRIOR>                          7350968
<ACCUMULATED-NII-CURRENT>                       470899
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        3729917
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      33164855
<NET-ASSETS>                                 106339585
<DIVIDEND-INCOME>                               234781
<INTEREST-INCOME>                              1202156
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (966738)
<NET-INVESTMENT-INCOME>                         470199
<REALIZED-GAINS-CURRENT>                      11372413
<APPREC-INCREASE-CURRENT>                    (7053325)
<NET-CHANGE-FROM-OPS>                          4789287
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                        6362333
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> IDS PRECIOUS METLAS CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                         82428109
<INVESTMENTS-AT-VALUE>                       115592964
<RECEIVABLES>                                  1249591
<ASSETS-OTHER>                                  991231
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               117833786
<PAYABLE-FOR-SECURITIES>                       2241436
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1947396
<TOTAL-LIABILITIES>                            4188832
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      76279283
<SHARES-COMMON-STOCK>                           514926
<SHARES-COMMON-PRIOR>                           247587
<ACCUMULATED-NII-CURRENT>                       470899
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        3729917
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      33164855
<NET-ASSETS>                                   7303601
<DIVIDEND-INCOME>                               234781
<INTEREST-INCOME>                              1202156
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (966738)
<NET-INVESTMENT-INCOME>                         470199
<REALIZED-GAINS-CURRENT>                      11372413
<APPREC-INCREASE-CURRENT>                    (7053325)
<NET-CHANGE-FROM-OPS>                          4789287
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                         497823
<NUMBER-OF-SHARES-REDEEMED>                   (230484)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         9153216
<ACCUMULATED-NII-PRIOR>                       (504852)
<ACCUMULATED-GAINS-PRIOR>                     17556494
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<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           521154
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<GROSS-EXPENSE>                                 966738
<AVERAGE-NET-ASSETS>                           5708982
<PER-SHARE-NAV-BEGIN>                            13.65
<PER-SHARE-NII>                                  (.01)
<PER-SHARE-GAIN-APPREC>                            .54
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.18
<EXPENSE-RATIO>                                   2.44
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> IDS PRECIOUS METALS CLASS Y
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                         82428109
<INVESTMENTS-AT-VALUE>                       115592964
<RECEIVABLES>                                  1249591
<ASSETS-OTHER>                                  991231
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               117833786
<PAYABLE-FOR-SECURITIES>                       2241436
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1947396
<TOTAL-LIABILITIES>                            4188832
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      76279283
<SHARES-COMMON-STOCK>                              123
<SHARES-COMMON-PRIOR>                              123
<ACCUMULATED-NII-CURRENT>                       470899
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        3729917
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      33164855
<NET-ASSETS>                                      1768
<DIVIDEND-INCOME>                               234781
<INTEREST-INCOME>                              1202156
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (966738)
<NET-INVESTMENT-INCOME>                         470199
<REALIZED-GAINS-CURRENT>                      11372413
<APPREC-INCREASE-CURRENT>                    (7053325)
<NET-CHANGE-FROM-OPS>                          4789287
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         9153216
<ACCUMULATED-NII-PRIOR>                       (504852)
<ACCUMULATED-GAINS-PRIOR>                     17556494
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           521154
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 966738
<AVERAGE-NET-ASSETS>                              1785
<PER-SHARE-NAV-BEGIN>                            13076
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                            .54
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.37
<EXPENSE-RATIO>                                   1.35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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