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March 24, 1994
Securities And Exchange Commission
Attention: Document Control - EDGAR
450 Fifth Street, N.W.
Washington, D.C. 20549-1004
Re: Rule 24f-2 Notice for
IDS Market Advantage Series, Inc.
SEC File No. 33-30770/811-5897
Commissioners:
[i] In accordance with the provisions of Rule
24f-2, IDS Market Advantage Series, Inc.
hereby files its Rule 24f-2 Notice for the
fiscal year ended January 31, 1994 ("Fiscal Year").
[ii] Amount of securities registered other than
under 24f-2 which were unsold at the beginning
of the fiscal year.* $0
[iii] Amount of securities registered during the fiscal
year other than under 24f-2** $0
[iv] Amount of securities sold during the fiscal
year*** ($573,148)
[v] Fee $0 x 0.0003448 $0.00
* 0 shares x $6.83 on March 17, 1994
** 0 shares x $6.83 on March 17, 1994
*** Sales of $3,395,798 minus redemptions of $3,968,946
Enclosed please find an opinion of counsel.
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If there are any questions, please contact the undersigned.
Very truly yours,
IDS MARKET ADVANTAGE SERIES, INC.
Leslie L. Ogg
Vice President, General Counsel & Treasurer
LLO/JB/cah
Enclosures
EXHIBIT INDEX
(b) (10) OPINION OF COUNSEL
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March 24, 1994
IDS Market Advantage Series, Inc.
IDS Tower 10
Minneapolis, Minnesota 55440-0010
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 and unissued shares;
(c) That the Company registered on August 30, 1989 an indefinite
number of shares pursuant to Rule 24f-2 and is herewith
filing a Rule 24f-2 Notice covering the shares during its
1992 Fiscal Year ended January 31, 1994; and
(d) That shares which were sold at not less than their par value
and in accordance with applicable federal and state
securities laws were legally issued, fully paid and
nonassessable.
I hereby consent that the foregoing opinion may be used in
connection with the Rule 24f-2 Notice.
Very truly yours,
Leslie L. Ogg
Attorney at Law
IDS Tower 10
Minneapolis, Minnesota 55440-0010
