IDS FEDERAL INCOME FUND INC
NSAR-A, 1995-02-27
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<PAGE>      PAGE  1
000 A000000 12/31/94
000 C000000 0000764802
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 IDS FEDERAL INCOME FUND, INC.
001 B000000 811-4260
001 C000000 6126712772
002 A000000 IDS TOWER 10
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55440
002 D020000 0010
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
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013 A000001 KPMG PEAT MARWICK LLP
013 B010001 MINNEAPOLIS
013 B020001 MN
013 B030001 55402
013 B040001 3900
018  000000 Y
019 A000000 Y
019 B000000   41
019 C000000 IDSMUTFDGR
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001    772445
022 D000001      5498
022 A000002 MERRILL LYNCH & CO., INC.
022 B000002 13-5674085
022 C000002    597027
022 D000002    136656
022 A000003 SALOMON BROTHERS INC.
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022 C000003    260395
022 D000003    322464
022 A000004 MORGAN STANLEY & CO., INC.
022 B000004 13-2655998
022 C000004    258379
022 D000004    132703
022 A000005 LEHMAN COMMERCIAL PAPER INC.
022 B000005 13-2501865
022 C000005    301525
<PAGE>      PAGE  2
022 D000005     63344
022 A000006 J.P. MORGAN SECURITIES INC.
022 B000006 13-3224016
022 C000006    194788
022 D000006     26640
022 A000007 DAIWA SECURITIES CO. LTD
022 B000007 13-5680329
022 C000007    188800
022 D000007         0
022 A000008 KIDDER PEABODY & CO., INC.
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022 C000008     84093
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022 A000009 LEHMAN BROTHERS INC.
022 B000009 13-2518466
022 C000009     32121
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022 A000010 NATIONSBANK
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<PAGE>      PAGE  3
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SIGNATURE   LESLIE L. OGG                                
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
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<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                       1041408171
<INVESTMENTS-AT-VALUE>                      1005977430
<RECEIVABLES>                                 12874387
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1018851817
<PAYABLE-FOR-SECURITIES>                         26266
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      8335622
<TOTAL-LIABILITIES>                            8361888
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    1086261170
<SHARES-COMMON-STOCK>                        211642136
<SHARES-COMMON-PRIOR>                        211575822
<ACCUMULATED-NII-CURRENT>                       635653
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (40542374)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    (35864520)
<NET-ASSETS>                                1010489929
<DIVIDEND-INCOME>                                    0
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<PER-SHARE-GAIN-APPREC>                          (.09)
<PER-SHARE-DIVIDEND>                             (.14)
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</TABLE>


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