<PAGE> PAGE 1
000 B000000 06/30/97
000 C000000 0000831025
000 D000000 N
000 E000000 F
000 F000000 Y
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001 A000000 IDS UTILITIES INCOME FUND, INC.
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002 A000000 IDS TOWER 10
002 B000000 MINNEAPOLIS
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002 D020000 0010
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020 B000001 13-5674085
020 C000001 107
020 A000002 LEHMAN BROTHERS INC.
020 B000002 13-2518466
020 C000002 106
020 A000003 SALOMON BROTHERS INC.
020 B000003 13-3082694
020 C000003 92
020 A000004 NATWEST SECURITIES CORP.
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<PAGE> PAGE 2
020 A000005 MORGAN (J.P.) SECURITIES INC.
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020 A000006 PAINEWEBBER INC.
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020 A000008 CYRUS J. LAWRENCE
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020 C000008 47
020 A000009 DONALDSON, LUFKIN JENRETTE SEC. CORP.
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020 C000009 44
020 A000010 NEEDHAM & CO,. INC.
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<PAGE> PAGE 3
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SIGNATURE LESLIE L. OGG
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> IDS UTILITIES INCOME FUND CLASS B
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</TABLE>
KPMG Peat Marwick LLP
4200 Norwest Center
90 South Seventh Street
Minneapolis, MN 55402
Independent Auditors' Report on Internal Accounting Control
The Board of Directors and Shareholders
IDS Utilities Income Fund, Inc.:
In planning and performing our audits of the financial statements of IDS
Utilities Income Fund , Inc. , for the year ended June 30, 1997,
we considered their internal control structure, including procedures
for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of
Form NSAR, not to provide assurance on the internal control
structure.
The management of IDS Utilities Income Fund, Inc. is responsible for
establishing and maintaining a system of internal accounting control. In
fulfilling this responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of internal control
structure policies and procedures. Two of the objectives of an internal control
structure are to provide management with reasonable, but not absolute,
assurance that assets are safeguarded against loss from unauthorized use or
disposition and that transactions are executed in accordance with
management's authorization and recorded properly to permit the
preparation of financial statements in conformity with generally
accepted accounting principles. Because of inherent limitations
in any internal control structure, errors or irregularities may
occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that
it may become inadequate because of changes in conditions
or that the effectiveness of the design and operation may
deteriorate. Our consideration of the internal control structure
would not necessarily disclose all matters in the internal
control structure that might be material weaknesses under
standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in
which the design or operation of the specific internal control
structure elements does not reduce to a relatively low level the
risk that errors or irregularities in amounts that would
be material in relation to the financial statements being audited
may occur and not be detected within a timely period by
employees in the normal course of performing their assigned
functions. However, we noted no matter involving the internal
control structure, including procedures for safeguarding securities,
that we consider to be a material weakness as defined above as of
June 30, 1997.
This report is intended solely for the information and use of
management and the Securities and Exchange Commission.
KPMG Peat Marwick LLP
Minneapolis, Minnesota
August 1, 1997
