<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 15
<NAME> AXP INNOVATIONS FUND CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 600
<ASSETS-OTHER> 106469778
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 106470378
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13777
<TOTAL-LIABILITIES> 13777
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 98783803
<SHARES-COMMON-STOCK> 3907559
<SHARES-COMMON-PRIOR> 20000
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 3067
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 441663
<ACCUM-APPREC-OR-DEPREC> 8117528
<NET-ASSETS> 19257780
<DIVIDEND-INCOME> 1033
<INTEREST-INCOME> 76412
<OTHER-INCOME> 0
<EXPENSES-NET> 80512
<NET-INVESTMENT-INCOME> (3067)
<REALIZED-GAINS-CURRENT> 8413300
<APPREC-INCREASE-CURRENT> 4613775
<NET-CHANGE-FROM-OPS> 13024008
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 282787
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3907593
<NUMBER-OF-SHARES-REDEEMED> 76728
<SHARES-REINVESTED> 56694
<NET-CHANGE-IN-ASSETS> 98575887
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 970722
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10803
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 81342
<AVERAGE-NET-ASSETS> 625487
<PER-SHARE-NAV-BEGIN> 11.02
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 6.96
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 13.05
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 4.93
<EXPENSE-RATIO> 2.10
</TABLE>