IDS FEDERAL INCOME FUND INC
NSAR-A, 1998-01-27
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<PAGE>      PAGE  1
000 A000000 11/30/97
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001 A000000 IDS FEDERAL INCOME FUND, INC.
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002 A000000 IDS TOWER 10
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<PAGE>      PAGE  4
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SIGNATURE   LESLIE L. OGG                                
TITLE       VICE PRESIDENT      
 

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER>  1
   <NAME>  IDS FEDERAL INCOME FUND CLASS A
       
<S>                                                <C>
<PERIOD-TYPE>                                            6-MOS
<FISCAL-YEAR-END>                                  MAY-31-1998
<PERIOD-END>                                       NOV-30-1997
<INVESTMENTS-AT-COST>                                        0
<INVESTMENTS-AT-VALUE>                                       0
<RECEIVABLES>                                                0
<ASSETS-OTHER>                                      2375382715
<OTHER-ITEMS-ASSETS>                                         0
<TOTAL-ASSETS>                                      2375382715
<PAYABLE-FOR-SECURITIES>                                     0
<SENIOR-LONG-TERM-DEBT>                                      0
<OTHER-ITEMS-LIABILITIES>                              1837778
<TOTAL-LIABILITIES>                                    1837778
<SENIOR-EQUITY>                                              0
<PAID-IN-CAPITAL-COMMON>                            2379181765
<SHARES-COMMON-STOCK>                                263282241
<SHARES-COMMON-PRIOR>                                254683165
<ACCUMULATED-NII-CURRENT>                              1432189
<OVERDISTRIBUTION-NII>                                       0
<ACCUMULATED-NET-GAINS>                                      0
<OVERDISTRIBUTION-GAINS>                            (72118590)
<ACCUM-APPREC-OR-DEPREC>                              65049573
<NET-ASSETS>                                        1326488963
<DIVIDEND-INCOME>                                            0
<INTEREST-INCOME>                                     78944600
<OTHER-INCOME>                                               0
<EXPENSES-NET>                                        13166301
<NET-INVESTMENT-INCOME>                               65778299
<REALIZED-GAINS-CURRENT>                            (20796655)
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<NET-CHANGE-FROM-OPS>                                 93648610
<EQUALIZATION>                                               0
<DISTRIBUTIONS-OF-INCOME>                           (38972796)
<DISTRIBUTIONS-OF-GAINS>                                     0
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<NUMBER-OF-SHARES-REDEEMED>                        (106620186)
<SHARES-REINVESTED>                                    6554881
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<ACCUMULATED-NII-PRIOR>                                1029490
<ACCUMULATED-GAINS-PRIOR>                           (51321935)
<OVERDISTRIB-NII-PRIOR>                                      0
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<GROSS-EXPENSE>                                       13350364
<AVERAGE-NET-ASSETS>                                1314689486
<PER-SHARE-NAV-BEGIN>                                     4.98
<PER-SHARE-NII>                                            .15
<PER-SHARE-GAIN-APPREC>                                    .06
<PER-SHARE-DIVIDEND>                                     (.15)
<PER-SHARE-DISTRIBUTIONS>                                    0
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<PER-SHARE-NAV-END>                                       5.04
<EXPENSE-RATIO>                                            .87
<AVG-DEBT-OUTSTANDING>                                       0
<AVG-DEBT-PER-SHARE>                                         0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER>  2
   <NAME>  IDS FEDERAL INCOME FUND CLASS B
       
<S>                                                <C>
<PERIOD-TYPE>                                            6-MOS
<FISCAL-YEAR-END>                                  MAY-31-1998
<PERIOD-END>                                       NOV-30-1997
<INVESTMENTS-AT-COST>                                        0
<INVESTMENTS-AT-VALUE>                                       0
<RECEIVABLES>                                                0
<ASSETS-OTHER>                                      2375382715
<OTHER-ITEMS-ASSETS>                                         0
<TOTAL-ASSETS>                                      2375382715
<PAYABLE-FOR-SECURITIES>                                     0
<SENIOR-LONG-TERM-DEBT>                                      0
<OTHER-ITEMS-LIABILITIES>                              1837778
<TOTAL-LIABILITIES>                                    1837778
<SENIOR-EQUITY>                                              0
<PAID-IN-CAPITAL-COMMON>                            2379181765
<SHARES-COMMON-STOCK>                                184582824
<SHARES-COMMON-PRIOR>                                164814003
<ACCUMULATED-NII-CURRENT>                              1432189
<OVERDISTRIBUTION-NII>                                       0
<ACCUMULATED-NET-GAINS>                                      0
<OVERDISTRIBUTION-GAINS>                            (72118590)
<ACCUM-APPREC-OR-DEPREC>                              65049573
<NET-ASSETS>                                         929939445
<DIVIDEND-INCOME>                                            0
<INTEREST-INCOME>                                     78944600
<OTHER-INCOME>                                               0
<EXPENSES-NET>                                        13166301
<NET-INVESTMENT-INCOME>                               65778299
<REALIZED-GAINS-CURRENT>                            (20796655)
<APPREC-INCREASE-CURRENT>                             48666966
<NET-CHANGE-FROM-OPS>                                 93648610
<EQUALIZATION>                                               0
<DISTRIBUTIONS-OF-INCOME>                           (22968698)
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<GROSS-EXPENSE>                                       13350364
<AVERAGE-NET-ASSETS>                                 887156206
<PER-SHARE-NAV-BEGIN>                                     4.98
<PER-SHARE-NII>                                            .13
<PER-SHARE-GAIN-APPREC>                                    .06
<PER-SHARE-DIVIDEND>                                     (.13)
<PER-SHARE-DISTRIBUTIONS>                                    0
<RETURNS-OF-CAPITAL>                                         0
<PER-SHARE-NAV-END>                                       5.04
<EXPENSE-RATIO>                                           1.63
<AVG-DEBT-OUTSTANDING>                                       0
<AVG-DEBT-PER-SHARE>                                         0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER>  3
   <NAME>  IDS FEDERAL INCOME FUND CLASS Y
       
<S>                                                <C>
<PERIOD-TYPE>                                            6-MOS
<FISCAL-YEAR-END>                                  MAY-31-1998
<PERIOD-END>                                       NOV-30-1997
<INVESTMENTS-AT-COST>                                        0
<INVESTMENTS-AT-VALUE>                                       0
<RECEIVABLES>                                                0
<ASSETS-OTHER>                                      2375382715
<OTHER-ITEMS-ASSETS>                                         0
<TOTAL-ASSETS>                                      2375382715
<PAYABLE-FOR-SECURITIES>                                     0
<SENIOR-LONG-TERM-DEBT>                                      0
<OTHER-ITEMS-LIABILITIES>                              1837778
<TOTAL-LIABILITIES>                                    1837778
<SENIOR-EQUITY>                                              0
<PAID-IN-CAPITAL-COMMON>                            2379181765
<SHARES-COMMON-STOCK>                                 23244364
<SHARES-COMMON-PRIOR>                                 23053358
<ACCUMULATED-NII-CURRENT>                              1432189
<OVERDISTRIBUTION-NII>                                       0
<ACCUMULATED-NET-GAINS>                                      0
<OVERDISTRIBUTION-GAINS>                            (72118590)
<ACCUM-APPREC-OR-DEPREC>                              65049573
<NET-ASSETS>                                         117116529
<DIVIDEND-INCOME>                                            0
<INTEREST-INCOME>                                     78944600
<OTHER-INCOME>                                               0
<EXPENSES-NET>                                        13166301
<NET-INVESTMENT-INCOME>                               65778299
<REALIZED-GAINS-CURRENT>                            (20796655)
<APPREC-INCREASE-CURRENT>                             48666966
<NET-CHANGE-FROM-OPS>                                 93648610
<EQUALIZATION>                                               0
<DISTRIBUTIONS-OF-INCOME>                              3434106
<DISTRIBUTIONS-OF-GAINS>                                     0
<DISTRIBUTIONS-OTHER>                                        0
<NUMBER-OF-SHARES-SOLD>                                4662873
<NUMBER-OF-SHARES-REDEEMED>                          (5150809)
<SHARES-REINVESTED>                                     678942
<NET-CHANGE-IN-ASSETS>                               171427699
<ACCUMULATED-NII-PRIOR>                                1029490
<ACCUMULATED-GAINS-PRIOR>                           (51321935)
<OVERDISTRIB-NII-PRIOR>                                      0
<OVERDIST-NET-GAINS-PRIOR>                                   0
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<INTEREST-EXPENSE>                                           0
<GROSS-EXPENSE>                                       13350364
<AVERAGE-NET-ASSETS>                                 114289304
<PER-SHARE-NAV-BEGIN>                                     4.97
<PER-SHARE-NII>                                            .15
<PER-SHARE-GAIN-APPREC>                                    .07
<PER-SHARE-DIVIDEND>                                     (.15)
<PER-SHARE-DISTRIBUTIONS>                                    0
<RETURNS-OF-CAPITAL>                                         0
<PER-SHARE-NAV-END>                                       5.04
<EXPENSE-RATIO>                                            .80
<AVG-DEBT-OUTSTANDING>                                       0
<AVG-DEBT-PER-SHARE>                                         0
        

</TABLE>


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