IDS MARKET ADVANTAGE SERIES INC
NSAR-A, 1997-09-29
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<PAGE>      PAGE  1
000 A000000 07/31/97
000 C000000 0000854669
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
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  8
020 A000001 PAINEWEBBER INC.
020 B000001 13-2638166
020 C000001    139
020 A000002 AMERICAN ENTERPRISE INV. SERV. INC.
020 B000002 41-1667086
020 C000002    117
020 A000003 MERRILL LYNCH & CO., INC.
020 B000003 13-5674085
020 C000003     96
020 A000004 SMITH BARNEY INC.
020 B000004 13-1912900
020 C000004     91
020 A000005 S.G. WARBURG & CO., INC.
020 B000005 13-3340045
020 C000005     83
020 A000006 MORGAN (J.P.) SECURITIES INC.
020 B000006 13-3224016
020 C000006     78
020 A000007 CAPITAL INSTITUTIONAL SERVICE INC.
020 B000007 75-1565705
020 C000007     75
020 A000008 SANFORD C BERNSTEIN & CO., INC.
020 B000008 13-2625874
020 C000008     72
020 A000009 DONALDSON, LUFKIN JENRETTE SEC CORP
020 B000009 13-2741729
020 C000009     67
020 A000010 LYNCH, JONES & RYAN, INC.
<PAGE>      PAGE  2
020 B000010 13-3356934
020 C000010     50
021  000000     1679
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001    366899
022 D000001         0
022 A000002 LEHMAN COMMERCIAL PAPER INC.
022 B000002 13-2501865
022 C000002    219785
022 D000002     31962
022 A000003 MERRILL LYNCH & CO., INC.
022 B000003 13-5674085
022 C000003     72743
022 D000003     51084
022 A000004 S.G. WARBURG & CO., INC.
022 B000004 13-3340045
022 C000004     53070
022 D000004         0
022 A000005 NATIONSBANK
022 B000005 75-0520130
022 C000005     29159
022 D000005      8573
022 A000006 MORGAN STANLEY & CO., INC.
022 B000006 13-2655998
022 C000006     31494
022 D000006       599
022 A000007 FIRST CHICAGO CAPITAL MARKETS, INC.
022 B000007 36-3595942
022 C000007     29258
022 D000007         0
022 A000008 MORGAN GUARANTY
022 B000008 13-3224016
022 C000008     22385
022 D000008      2094
022 A000009 SMITH BARNEY INC.
022 B000009 13-1912900
022 C000009     17044
022 D000009      4564
022 A000010 CITIBANK - TAX-EXEMPT OPERATIONS
022 B000010 13-5266470
022 C000010     19831
022 D000010         0
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023 D000000     117517
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077 A000000 Y
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077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
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029  000100 Y
030 A000100   3621
030 B000100  5.00
030 C000100  0.50
031 A000100   1258
031 B000100      0
032  000100      0
033  000100   2363
031 A000200      0
031 B000200      0
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<PAGE>      PAGE  4
042 H000200 100
043  000200   1423
044  000200      0
025 A000401 NATIONSBANK
025 B000401 75-0520130
025 C000401 E
025 D000401   33757
025 A000402 MORGAN STANLEY & CO., INC.
025 B000402 13-2655998
025 C000402 D
025 D000402    1294
025 A000403 BANKAMERICA
025 B000403 94-1687655
025 C000403 E
025 D000403   13213
025 A000404 MERRILL LYNCH & CO., INC.
025 B000404 13-5674085
025 C000404 D
025 D000404   11468
025 A000405 TRAVELERS GROUP
025 B000405 52-1568099
025 C000405 E
025 D000405   11217
025 A000406 FIRST CHICAGO CAPITAL MARKETS
025 B000406 36-3595942
025 C000406 D
025 D000406    1789
025 A000407 DELETE
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025 D000408       0
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070 D010400 Y
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070 E010400 N
070 E020400 N
070 F010400 Y
070 F020400 Y
070 G010400 N
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
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070 J020400 N
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070 K020400 N
070 L010400 Y
070 L020400 N
070 M010400 N
070 M020400 N
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070 N020400 N
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070 O020400 N
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070 P020400 Y
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070 Q020400 N
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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075 B000400  1346038
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024  000500 Y
025 A000501 ALEX BROWN & SONS INC.
025 B000501 52-1319768
025 C000501 E
025 D000501    1911
025 A000502 RAYMOND JAMES & ASSOCIATES, INC.
025 B000502 59-1237041
025 C000502 E
025 D000502     863
025 A000503 LEGG MASON WOOD WALKER INC.
025 B000503 52-0902557
025 C000503 E
025 D000503    1100
025 A000504 PIPER JAFFRAY
025 B000504 41-0953246
025 C000504 E
025 D000504     386
025 A000505 QUICK & REILLY INC.
025 B000505 13-2779884
025 C000505 E
025 D000505     953
025 A000506 DELETE
025 D000506       0
025 D000507       0
025 D000508       0
028 A010500     25597
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028 A040500      5972
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<PAGE>      PAGE  8
028 C030500         0
028 C040500      1982
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028 D040500      2029
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070 A010500 Y
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070 B010500 Y
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 Y
070 D020500 Y
070 E010500 N
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 Y
<PAGE>      PAGE  9
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
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029  000600 Y
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030 B000600  5.00
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032  000600      0
033  000600    896
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042 B000700   0
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SIGNATURE   LESLIE L. OGG                                
TITLE       VICE PRESIDENT      
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER>  9
   <NAME>  IDS BLUE CHIP ADVANTAGE FUND CLASS A
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER>  9
   <NAME>  IDS BLUE CHIP ADVANTAGE FUND CLASS B
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER>  9
   <NAME>  IDS BLUE CHIP ADVANTAGE FUND CLASS Y
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6	
<SERIES>	
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<INTEREST-INCOME>	128884 
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<NET-INVESTMENT-INCOME>	(240183)
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<APPREC-INCREASE-CURRENT>	39341137 
<NET-CHANGE-FROM-OPS>	41963244 
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<NUMBER-OF-SHARES-SOLD>	46206 
<NUMBER-OF-SHARES-REDEEMED>	3757 
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<AVG-DEBT-PER-SHARE>	0 


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6	
<SERIES>	
      <NUMBER> 2	
      <NAME> IDS SMALL COMPANY INDEX FUND CLASS B	
<PERIOD-TYPE>                   12-MOS	
<FISCAL-YEAR-END>	JAN-31-1998
<PERIOD-END>	JUL-31-1997
<INVESTMENTS-AT-COST>	293653629 
<INVESTMENTS-AT-VALUE>	338646667 
<RECEIVABLES>	3776950 
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<TOTAL-ASSETS>	343759006 
<PAYABLE-FOR-SECURITIES>	7409542 
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<OTHER-ITEMS-LIABILITIES>	4574170 
<TOTAL-LIABILITIES>	11983712 
<SENIOR-EQUITY>	0 
<PAID-IN-CAPITAL-COMMON>	283926347 
<SHARES-COMMON-STOCK>	17953570 
<SHARES-COMMON-PRIOR>	7573676 
<ACCUMULATED-NII-CURRENT>	(240183)
<OVERDISTRIBUTION-NII>	0 
<ACCUMULATED-NET-GAINS>	3096092 
<OVERDISTRIBUTION-GAINS>	0 
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<NET-ASSETS>	113732693 
<DIVIDEND-INCOME>	909651 
<INTEREST-INCOME>	128884 
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<AVG-DEBT-PER-SHARE>	0 


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6	
<SERIES>	
      <NUMBER> 1	
      <NAME> IDS SMALL COMPANY INDEX FUND CLASS A	
<PERIOD-TYPE>                   12-MOS	
<FISCAL-YEAR-END>	JAN-31-1998
<PERIOD-END>	JUL-31-1997
<INVESTMENTS-AT-COST>	293653629 
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<TOTAL-LIABILITIES>	11983712 
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<PAID-IN-CAPITAL-COMMON>	283926347 
<SHARES-COMMON-STOCK>	34175595 
<SHARES-COMMON-PRIOR>	17272199 
<ACCUMULATED-NII-CURRENT>	(240183)
<OVERDISTRIBUTION-NII>	0 
<ACCUMULATED-NET-GAINS>	3096092 
<OVERDISTRIBUTION-GAINS>	0 
<ACCUM-APPREC-OR-DEPREC>	44993038 
<NET-ASSETS>	217770548 
<DIVIDEND-INCOME>	909651 
<INTEREST-INCOME>	128884 
<OTHER-INCOME>	0 
<EXPENSES-NET>	1278718 
<NET-INVESTMENT-INCOME>	(240183)
<REALIZED-GAINS-CURRENT>	2862290 
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<NET-CHANGE-FROM-OPS>	41963244 
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<PER-SHARE-GAIN-APPREC>	0.86 
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<EXPENSE-RATIO>	1.00 
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<AVG-DEBT-PER-SHARE>	0 


</TABLE>


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