IDS MARKET ADVANTAGE SERIES INC
NSAR-B, 1995-03-30
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<PAGE>      PAGE  1
000 B000000 01/31/95
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000 D000000 N
000 E000000 NF
000 F000000 Y
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001 A000000 IDS MARKET ADVANTAGE SERIES INC.
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002 A000000 IDS TOWER 10
002 B000000 MINNEAPOLIS
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002 D020000 0010
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008 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
008 B00AA01 A
008 C00AA01 801-14721
008 D01AA01 MINNEAPOLIS
008 D02AA01 MN
008 D03AA01 55440
008 D04AA01 0010
011 A00AA01 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
011 B00AA01 8-16791
011 C01AA01 MINNEAPOLIS
011 C02AA01 MN
011 C03AA01 55440
011 C04AA01 0010
012 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
012 B00AA01 84-456
012 C01AA01 MINNEAPOLIS
012 C02AA01 MN
012 C03AA01 55440
012 C04AA01 0010
014 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
014 B00AA01 8-31250
014 A00AA02 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
014 B00AA02 8-16791
014 A00AA03 IDS LIFE INSURANCE COMPANY
014 B00AA03 8-14124
014 A00AA04 IDS SECURITIES CORPORATION
014 B00AA04 8-12550
014 A00AA05 MERCER ALLIED CORPORATION
<PAGE>      PAGE  2
014 B00AA05 8-20745
015 A00AA01 AMERICAN EXPRESS TRUST COMPANY
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
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020 C000001     92
020 A000002 PAINEWEBBER INC.
020 B000002 13-2638166
020 C000002     89
020 A000003 WEEDEN & CO. LP
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020 C000003      5
020 A000004 BEAR STEARNS & CO.
020 B000004 13-3299429
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022 A000005 LEHMAN COMMERCIAL PAPER INC.
022 B000005 13-2501865
022 C000005      5882
022 D000005      6690
<PAGE>      PAGE  3
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006      9577
022 D000006         0
022 A000007 MORGAN GUARANTY
022 B000007 13-3224016
022 C000007      7581
022 D000007         0
022 A000008 BANK AMERICA
022 B000008 94-1687655
022 C000008      4980
022 D000008      1099
022 A000009 WHEAT FIRST SECURITY
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<PAGE>      PAGE  7
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SIGNATURE   LESLIE L OGG                                 
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> IDS BLUE CHIP ADVANTAGE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JAN-31-1995
<PERIOD-END>                               JAN-31-1995
<INVESTMENTS-AT-COST>                        146989133
<INVESTMENTS-AT-VALUE>                       151002251
<RECEIVABLES>                                   197476
<ASSETS-OTHER>                                  332738
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               151532465
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       150720
<TOTAL-LIABILITIES>                             150720
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     145831069
<SHARES-COMMON-STOCK>                         25350756
<SHARES-COMMON-PRIOR>                         22451674
<ACCUMULATED-NII-CURRENT>                       151766
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        1288092
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       4110818
<NET-ASSETS>                                 151381745
<DIVIDEND-INCOME>                              3521120
<INTEREST-INCOME>                               272048
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1269970
<NET-INVESTMENT-INCOME>                        2523198
<REALIZED-GAINS-CURRENT>                       6256917
<APPREC-INCREASE-CURRENT>                    (9051151)
<NET-CHANGE-FROM-OPS>                         (271036)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (2588135)
<DISTRIBUTIONS-OF-GAINS>                    (10968570)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        6515919
<NUMBER-OF-SHARES-REDEEMED>                  (5876306)
<SHARES-REINVESTED>                            2259469
<NET-CHANGE-IN-ASSETS>                         3609335
<ACCUMULATED-NII-PRIOR>                         205735
<ACCUMULATED-GAINS-PRIOR>                      5999745
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                           706350
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1269970
<AVERAGE-NET-ASSETS>                         142872002
<PER-SHARE-NAV-BEGIN>                             6.58
<PER-SHARE-NII>                                    .11
<PER-SHARE-GAIN-APPREC>                          (.13)
<PER-SHARE-DIVIDEND>                             (.11)
<PER-SHARE-DISTRIBUTIONS>                        (.48)
<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                    .89
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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