IDS MARKET ADVANTAGE SERIES INC
NSAR-B, 1996-03-26
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<PAGE>      PAGE  1
000 B000000 01/31/96
000 C000000 0000854669
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 IDS MARKET ADVANTAGE SERIES INC.
001 B000000 811-5897
001 C000000 6126712772
002 A000000 IDS TOWER 10
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55440
002 D020000 0010
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
020 A000001 MORGAN STANLEY & COMPANY, INC.
020 B000001 13-2655998
020 C000001    334
020 A000002 PAINEWEBBER INC.
020 B000002 13-2638166
020 C000002     49
020 A000003 WEEDEN & CO. LP
020 B000003 13-3364318
020 C000003     16
020 A000004 BEAR STEARNS & CO.
020 B000004 13-3299429
020 C000004     13
020 A000005 CS FIRST BOSTON GROUP
020 B000005 13-5659485
020 C000005      3
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000      415
022 A000001 MERRILL LYNCH & CO., INC.
022 B000001 13-5674085
022 C000001     55296
022 D000001     12674
022 A000002 GOLDMAN SACHS & CO.
022 B000002 13-5108880
022 C000002     45932
<PAGE>      PAGE  2
022 D000002      8773
022 A000003 MORGAN STANLEY & CO., INC.
022 B000003 13-2655998
022 C000003     32408
022 D000003     12898
022 A000004 LEHMAN COMMERCIAL PAPER INC.
022 B000004 13-2501865
022 C000004     29963
022 D000004     13160
022 A000005 NATIONSBANK
022 B000005 75-0520130
022 C000005     31372
022 D000005      5097
022 A000006 BANK OF AMERICA
022 B000006 94-1687655
022 C000006     11345
022 D000006      3583
022 A000007 BANKERS TRUST
022 B000007 13-4941247
022 C000007      6964
022 D000007       599
022 A000008 J.P. MORGAN SECURITIES INC.
022 B000008 13-3224016
022 C000008      5875
022 D000008       599
022 A000009 CS FIRST BOSTON GROUP
022 B000009 13-5659485
022 C000009      5580
022 D000009         0
022 A000010 WHEAT FIRST SECURITY
022 B000010 54-0796506
022 C000010      5173
022 D000010         0
023 C000000     240884
023 D000000      57561
025 A00AA01 BANK AMERICA
025 B00AA01 94-1687655
025 C00AA01 E
025 D00AA01    1698
025 A00AA02 FIRST CHICAGO CAPITAL MKTS. INC.
025 B00AA02 36-3595942
025 C00AA02 E
025 D00AA02    1206
025 A00AA03 NATIONSBANK
025 B00AA03 75-0520130
025 C00AA03 E
025 D00AA03    1146
025 A00AA04 DEAN WITTER REYNOLDS INC.
025 B00AA04 94-1671384
025 C00AA04 E
025 D00AA04     536
<PAGE>      PAGE  3
025 A00AA05 DEAN WITTER REYNOLDS INC.
025 B00AA05 94-1671384
025 C00AA05 D
025 D00AA05    4984
025 A00AA06 MORGAN STANLEY GROUP
025 B00AA06 13-2655998
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080 A000100 RELIANCE INSURANCE COMPANY
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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 CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JAN-31-1996
<PERIOD-END>                               JAN-31-1996
<INVESTMENTS-AT-COST>                        289351738
<INVESTMENTS-AT-VALUE>                       331181836
<RECEIVABLES>                                  2765342
<ASSETS-OTHER>                                  754229
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               334701407
<PAYABLE-FOR-SECURITIES>                      17918835
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       129267
<TOTAL-LIABILITIES>                           18048102
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     261754925
<SHARES-COMMON-STOCK>                         32495615
<SHARES-COMMON-PRIOR>                         25350756
<ACCUMULATED-NII-CURRENT>                       283934
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       12599198
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      42015248
<NET-ASSETS>                                 316653305
<DIVIDEND-INCOME>                              4724394
<INTEREST-INCOME>                               874430
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (2122497)
<NET-INVESTMENT-INCOME>                        3476327
<REALIZED-GAINS-CURRENT>                      30488353
<APPREC-INCREASE-CURRENT>                     37904430
<NET-CHANGE-FROM-OPS>                         71869110
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (2821594)
<DISTRIBUTIONS-OF-GAINS>                    (15200366)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       12676537
<NUMBER-OF-SHARES-REDEEMED>                  (7993183)
<SHARES-REINVESTED>                            2461505
<NET-CHANGE-IN-ASSETS>                       165271560
<ACCUMULATED-NII-PRIOR>                        2523198
<ACCUMULATED-GAINS-PRIOR>                      6256917
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           951438
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                2122497
<AVERAGE-NET-ASSETS>                         180377911
<PER-SHARE-NAV-BEGIN>                             5.97
<PER-SHARE-NII>                                    .11
<PER-SHARE-GAIN-APPREC>                           2.18
<PER-SHARE-DIVIDEND>                             (.11)
<PER-SHARE-DISTRIBUTIONS>                        (.53)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.62
<EXPENSE-RATIO>                                    .96
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> IDS BLUE CHIP ADVANTAGE FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          JAN-31-1996
<PERIOD-END>                               JAN-31-1996
<INVESTMENTS-AT-COST>                        289351738
<INVESTMENTS-AT-VALUE>                       331181836
<RECEIVABLES>                                  2765342
<ASSETS-OTHER>                                  754229
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               334701407
<PAYABLE-FOR-SECURITIES>                      17918835
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       129267
<TOTAL-LIABILITIES>                           18048102
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     261754925
<SHARES-COMMON-STOCK>                          5475124
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       283934
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       12599198
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      42015248
<NET-ASSETS>                                 316653305
<DIVIDEND-INCOME>                              4724394
<INTEREST-INCOME>                               874430
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (2122497)
<NET-INVESTMENT-INCOME>                        3476327
<REALIZED-GAINS-CURRENT>                      30488353
<APPREC-INCREASE-CURRENT>                     37904430
<NET-CHANGE-FROM-OPS>                         71869110
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (161630)
<DISTRIBUTIONS-OF-GAINS>                     (2259559)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        5554078
<NUMBER-OF-SHARES-REDEEMED>                   (408871)
<SHARES-REINVESTED>                             329917
<NET-CHANGE-IN-ASSETS>                       165271560
<ACCUMULATED-NII-PRIOR>                        2523198
<ACCUMULATED-GAINS-PRIOR>                      6256917
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           951438
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                2122497
<AVERAGE-NET-ASSETS>                          15787360
<PER-SHARE-NAV-BEGIN>                             6.30
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                           1.83
<PER-SHARE-DIVIDEND>                             (.08)
<PER-SHARE-DISTRIBUTIONS>                        (.53)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.59
<EXPENSE-RATIO>                                   1.74
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> IDS BLUE CHIP ADVANTAGE FUND CLASS Y
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          JAN-31-1996
<PERIOD-END>                               JAN-31-1996
<INVESTMENTS-AT-COST>                        289351738
<INVESTMENTS-AT-VALUE>                       331181836
<RECEIVABLES>                                  2765342
<ASSETS-OTHER>                                  754229
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               334701407
<PAYABLE-FOR-SECURITIES>                      17918835
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       129267
<TOTAL-LIABILITIES>                           18048102
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     261754925
<SHARES-COMMON-STOCK>                          3624527
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       283934
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       12599198
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      42015248
<NET-ASSETS>                                 316653305
<DIVIDEND-INCOME>                              4724394
<INTEREST-INCOME>                               874430
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (2122497)
<NET-INVESTMENT-INCOME>                        3476327
<REALIZED-GAINS-CURRENT>                      30488353
<APPREC-INCREASE-CURRENT>                     37904430
<NET-CHANGE-FROM-OPS>                         71869110
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (367124)
<DISTRIBUTIONS-OF-GAINS>                     (1716563)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        4313563
<NUMBER-OF-SHARES-REDEEMED>                   (976715)
<SHARES-REINVESTED>                             287679
<NET-CHANGE-IN-ASSETS>                       165271560
<ACCUMULATED-NII-PRIOR>                        2523198
<ACCUMULATED-GAINS-PRIOR>                      6256917
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           951438
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                2122497
<AVERAGE-NET-ASSETS>                         218050781
<PER-SHARE-NAV-BEGIN>                             6.30
<PER-SHARE-NII>                                    .11
<PER-SHARE-GAIN-APPREC>                           1.86
<PER-SHARE-DIVIDEND>                             (.12)
<PER-SHARE-DISTRIBUTIONS>                        (.53)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.62
<EXPENSE-RATIO>                                    .80
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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