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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 2049
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment No.
Post-Effective Amendment No. 10 (File No. 33-30770) X
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY (ACT OF 1940)
Amendment No. 14 (File No. 811-5897) X
IDS MARKET ADVANTAGE SERIES, INC.
IDS Tower 10, Minneapolis, Minnesota 55440
Leslie L. Ogg - 901 Marquette Avenue South, Suite 2810,
Minneapolis, MN 55402-3268 (612) 330-9283
Approximate Date of Proposed Public Offering:
It is proposed that this filing will become effective (check
appropriate box)
X immediately upon filing pursuant to paragraph (b)
on April 1, 1994 pursuant to paragraph (b) of rule 485
60 days after filing pursuant to paragraph (a) of Rule 485
on (date) pursuant to paragraph (a) of rule 485
<TABLE>
<CAPTION>
___________________________________________________________________________
Proposed Proposed
Title of Maximum Maximum
Securities Amount Offering Aggregate Amount of
Being Being Price per Offering Registration
Registered Registered Unit1 Price2 Fee
<S> <C> <C> <C> <C>
Capital stock
of $.01 par
value per share Indefinite* N/A N/A N/A
Capital Stock
of $.01 par
value per share 126,379 $6.83 $863,171 $100
</TABLE>
*Registrant has managed an indefinite number or amount of
securities under the Securities Act of 1933 pursuant to Rule 24f-2
under the Investment Company Act of 1940. The Rule 24f-2 Notice
for Registrants most recent fiscal year ended January 31, 1994 was
filed on March 23, 1994.
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1. Computed under Rule 457(d) on the basis of offering price per
share at the closing price per share at the close of business on
March 17, 1994.
2. Registrant elects to calculate the maximum aggregate offering
price pursuant to Rule 24e-2. $3,968,946 of shares were redeemed
during the fiscal year ended January 31, 1994. $3,395,798 of
shares was used forreductions pursuant to paragraph (c) of rule
24f-2 during the current year. $573,148 of shares is the amount of
redeemed shares used for reduction in this amendment.<PAGE>
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant, IDS Market
Advantage Series, Inc., certifies that it meets all of the
requirements for the effectiveness of this Amendment to its
Registration Statement pursuant to Rule 485(b) under the Securities
Act of 1933, and has duly caused this Amendment to its Registration
Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Minneapolis and State of Minnesota
on the 29th day of March, 1994.
IDS MARKET ADVANTAGE SERIES, INC.
by /s/ William R. Pearce**
William R. Pearce, President
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on the 29th day of March, 1994.
Signatures Capacity
/s/ William R. Pearce* President, Principal
William R. Pearce Executive Officer and
Director
/s/ Leslie L. Ogg** Treasurer, Principal
Leslie L. Ogg Financial Officer and
Principal Accounting
Officer
Director
Lynne V. Cheney
/s/ William H. Dudley* Director
William H. Dudley
/s/ Robert F. Froehlke* Director
Robert F. Froehlke
/s/ David R. Hubers* Director
David R. Hubers
/s/ Anne P. Jones* Director
Anne P. Jones
/s/ Donald M. Kendall* Director
Donald M. Kendall
/s/ Melvin R. Laird* Director
Melvin R. Laird
/s/ Lewis W. Lehr* Director
Lewis W. Lehr
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/s/ Edson W. Spencer* Director
Edson W. Spencer
/s/ John R. Thomas* Director
John R. Thomas
/s/ Wheelock Whitney* Director
Wheelock Whitney
*Signed pursuant to Directors' Power of Attorney dated Oct. 14,
1993, filed as Exhibit 17(a) to Registrant's Post-Effective
Amendment No. 8 to Registration Statement No. 33-30770, is
incorporated herein by reference by:
______________________________
Leslie L. Ogg
**Signed pursuant to Officers' Power of Attorney dated June 1,
1993, filed as Exhibit 17(b), to Registrant's Post-Effective
Amendment No. 8 to Registration Statement No. 33-30770, is
incorporated herein by reference by:
______________________________
Leslie L. Ogg
EXHIBIT INDEX
(B)(10) OPINION OF COUNSEL
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March 29, 1994
IDS Market Advantage Series, Inc.
IDS Tower 10
Minneapolis, Minnesota 55440
Gentlemen:
I have examined the Articles of Incorporation and the By-Laws of
the Company and all necessary certificates, permits, minute books,
documents and records of the Company, and the applicable statutes
of the State of Minnesota, and it is my opinion:
(a) That the Company is a corporation duly organized and existing
under the laws of the State of Minnesota with an authorized
capital stock of 10,000,000,000 shares, all of $.01 par
value, that such shares may be issued as full or fractional
shares and that on January 31, 1994, 22,451,674 shares were
issued and outstanding;
(b) That all such authorized shares are, under the laws of the
State of Minnesota, redeemable as provided in the Articles
of Incorporation of the Company and upon redemption shall
have the status of authorized shares and unissued shares;
(c) That the Company now proposes to register an additional
126,379 shares by post-effective amendment, pursuant to Rule
24e-2 of the Investment Company Act of 1940, and that when
sold at not less than their par value and in accordance with
applicable federal and state securities laws such shares will
be legally issued, fully paid and non-assessable.
I hereby consent that the foregoing opinion may be used in
connection with the post-effective amendment to your registration
statement to be filed by you pursuant to Section 24(e) of the
Investment Company Act of 1940, as amended, the securities
specified therein, as proposed to be offered.
Very truly yours,
Leslie L. Ogg
Attorney at Law
901 S. Marquette Ave., Suite 2810
Minneapolis, Minnesota 55402-3268
LLO/JB/cah
