<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
023 C000000 960595
023 D000000 117517
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
<PAGE> PAGE 3
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
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
032 000200 0
033 000200 0
034 000200 Y
035 000200 117
036 A000200 N
036 B000200 0
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
<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
025 D000407 0
025 D000408 0
028 A010400 87705
028 A020400 -3
028 A030400 0
028 A040400 37737
028 B010400 95717
028 B020400 2137
028 B030400 0
028 B040400 49853
028 C010400 115932
028 C020400 2
028 C030400 0
028 C040400 43953
028 D010400 93788
028 D020400 1
028 D030400 0
028 D040400 39588
028 E010400 94424
028 E020400 3394
028 E030400 0
028 E040400 40923
028 F010400 121598
<PAGE> PAGE 5
028 F020400 1
028 F030400 0
028 F040400 52491
028 G010400 609164
028 G020400 5532
028 G030400 0
028 G040400 264545
028 H000400 109319
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 Y
070 D020400 N
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
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 971387
071 B000400 668379
071 C000400 1214888
071 D000400 55
072 A000400 6
072 B000400 10373
072 C000400 2825
<PAGE> PAGE 6
072 D000400 0
072 E000400 0
072 F000400 2511
072 G000400 196
072 H000400 0
072 I000400 938
072 J000400 55
072 K000400 95
072 L000400 39
072 M000400 9
072 N000400 218
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 11
072 S000400 0
072 T000400 1423
072 U000400 0
072 V000400 0
072 W000400 1066
072 X000400 6561
072 Y000400 23
072 Z000400 6660
072AA000400 73463
072BB000400 0
072CC010400 192265
072CC020400 0
072DD010400 5726
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 138924
074 D000400 0
074 E000400 0
074 F000400 1546877
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 5954
074 K000400 0
074 L000400 1689
074 M000400 0
074 N000400 1693444
074 O000400 10327
074 P000400 37
074 Q000400 0
<PAGE> PAGE 7
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 206
074 S000400 0
074 T000400 1682874
074 U010400 156104
074 U020400 0
074 V010400 0.00
074 V020400 0.00
074 W000400 0.0000
074 X000400 144331
074 Y000400 0
075 A000400 0
075 B000400 1346038
076 000400 0.00
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
028 A020500 0
028 A030500 0
028 A040500 5972
028 B010500 24109
028 B020500 0
028 B030500 0
028 B040500 1749
028 C010500 26431
028 C020500 0
<PAGE> PAGE 8
028 C030500 0
028 C040500 1982
028 D010500 27214
028 D020500 0
028 D030500 0
028 D040500 2029
028 E010500 31533
028 E020500 0
028 E030500 0
028 E040500 2680
028 F010500 35493
028 F020500 0
028 F030500 0
028 F040500 3006
028 G010500 170377
028 G020500 0
028 G030500 0
028 G040500 17418
028 H000500 20841
070 A010500 Y
070 A020500 N
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
071 A000500 178774
071 B000500 24918
071 C000500 212307
071 D000500 12
072 A000500 6
072 B000500 910
072 C000500 129
072 D000500 0
072 E000500 0
072 F000500 397
072 G000500 103
072 H000500 0
072 I000500 264
072 J000500 124
072 K000500 39
072 L000500 21
072 M000500 7
072 N000500 151
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 7
072 S000500 0
072 T000500 260
072 U000500 0
072 V000500 0
072 W000500 182
072 X000500 1555
072 Y000500 276
072 Z000500 -240
072AA000500 2862
072BB000500 0
072CC010500 39341
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 984
074 B000500 0
074 C000500 7989
074 D000500 330657
074 E000500 0
074 F000500 0
<PAGE> PAGE 10
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 3648
074 K000500 0
074 L000500 129
074 M000500 352
074 N000500 343759
074 O000500 7410
074 P000500 9
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 4565
074 S000500 0
074 T000500 331775
074 U010500 52172
074 U020500 0
074 V010500 0.00
074 V020500 0.00
074 W000500 0.0000
074 X000500 46335
074 Y000500 0
075 A000500 0
075 B000500 227748
076 000500 0.00
029 000600 Y
030 A000600 1367
030 B000600 5.00
030 C000600 0.50
031 A000600 471
031 B000600 0
032 000600 0
033 000600 896
034 000700 Y
035 000700 11
036 A000700 N
036 B000700 0
042 A000700 0
042 B000700 0
042 C000700 0
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 100
043 000700 260
044 000700 0
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
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 1392135623
<INVESTMENTS-AT-VALUE> 1685801196
<RECEIVABLES> 7642579
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1693443775
<PAYABLE-FOR-SECURITIES> 10326514
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 243564
<TOTAL-LIABILITIES> 10570078
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1252272068
<SHARES-COMMON-STOCK> 96122826
<SHARES-COMMON-PRIOR> 76593852
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 128052258
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 301371187
<NET-ASSETS> 1037989305
<DIVIDEND-INCOME> 10373554
<INTEREST-INCOME> 2825028
<OTHER-INCOME> 0
<EXPENSES-NET> 6538363
<NET-INVESTMENT-INCOME> 6660219
<REALIZED-GAINS-CURRENT> 73462532
<APPREC-INCREASE-CURRENT> 192264760
<NET-CHANGE-FROM-OPS> 272387511
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4354417)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 42731277
<NUMBER-OF-SHARES-REDEEMED> 23639495)
<SHARES-REINVESTED> 437192
<NET-CHANGE-IN-ASSETS> 616812799
<ACCUMULATED-NII-PRIOR> 6185148
<ACCUMULATED-GAINS-PRIOR> 77840591
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2510706
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6560941
<AVERAGE-NET-ASSETS> 819061068
<PER-SHARE-NAV-BEGIN> 8.97
<PER-SHARE-NII> .06
<PER-SHARE-GAIN-APPREC> 1.82
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.80
<EXPENSE-RATIO> .80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</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
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 1392135623
<INVESTMENTS-AT-VALUE> 1685801196
<RECEIVABLES> 7642579
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1693443775
<PAYABLE-FOR-SECURITIES> 10326514
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 243564
<TOTAL-LIABILITIES> 10570078
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1252272068
<SHARES-COMMON-STOCK> 47172132
<SHARES-COMMON-PRIOR> 33861678
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 128052258
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 301371187
<NET-ASSETS> 506499987
<DIVIDEND-INCOME> 10373554
<INTEREST-INCOME> 2825028
<OTHER-INCOME> 0
<EXPENSES-NET> 6538363
<NET-INVESTMENT-INCOME> 6660219
<REALIZED-GAINS-CURRENT> 73462532
<APPREC-INCREASE-CURRENT> 192264760
<NET-CHANGE-FROM-OPS> 272387511
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (772478)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 15496909
<NUMBER-OF-SHARES-REDEEMED> (2266257)
<SHARES-REINVESTED> 79802
<NET-CHANGE-IN-ASSETS> 616812799
<ACCUMULATED-NII-PRIOR> 6185148
<ACCUMULATED-GAINS-PRIOR> 77840591
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2510706
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6560941
<AVERAGE-NET-ASSETS> 382669463
<PER-SHARE-NAV-BEGIN> 8.92
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 1.82
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.74
<EXPENSE-RATIO> 1.56
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> IDS BLUE CHIP ADVANTAGE FUND CLASS Y
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 1392135623
<INVESTMENTS-AT-VALUE> 1685801196
<RECEIVABLES> 7642579
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1693443775
<PAYABLE-FOR-SECURITIES> 10326514
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 243564
<TOTAL-LIABILITIES> 10570078
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1252272068
<SHARES-COMMON-STOCK> 12809119
<SHARES-COMMON-PRIOR> 8550871
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 128052258
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 301371187
<NET-ASSETS> 138384405
<DIVIDEND-INCOME> 10373554
<INTEREST-INCOME> 2825028
<OTHER-INCOME> 0
<EXPENSES-NET> 6538363
<NET-INVESTMENT-INCOME> 6660219
<REALIZED-GAINS-CURRENT> 73462532
<APPREC-INCREASE-CURRENT> 192264760
<NET-CHANGE-FROM-OPS> 272387511
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (599595)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6206327
<NUMBER-OF-SHARES-REDEEMED> (2010699)
<SHARES-REINVESTED> 62620
<NET-CHANGE-IN-ASSETS> 616812799
<ACCUMULATED-NII-PRIOR> 6185148
<ACCUMULATED-GAINS-PRIOR> 77840591
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2510706
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6560941
<AVERAGE-NET-ASSETS> 103538914
<PER-SHARE-NAV-BEGIN> 8.97
<PER-SHARE-NII> .06
<PER-SHARE-GAIN-APPREC> 1.83
<PER-SHARE-DIVIDEND> (.06)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.80
<EXPENSE-RATIO> .68
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> IDS SMALL COMPANY INDEX FUND CLASS Y
<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
<ASSETS-OTHER> 1335389
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 343759006
<PAYABLE-FOR-SECURITIES> 7409542
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4574170
<TOTAL-LIABILITIES> 11983712
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 283926347
<SHARES-COMMON-STOCK> 42650
<SHARES-COMMON-PRIOR> 201
<ACCUMULATED-NII-CURRENT> (240183)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3096092
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 44993038
<NET-ASSETS> 272053
<DIVIDEND-INCOME> 909651
<INTEREST-INCOME> 128884
<OTHER-INCOME> 0
<EXPENSES-NET> 1278718
<NET-INVESTMENT-INCOME> (240183)
<REALIZED-GAINS-CURRENT> 2862290
<APPREC-INCREASE-CURRENT> 39341137
<NET-CHANGE-FROM-OPS> 41963244
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 46206
<NUMBER-OF-SHARES-REDEEMED> 3757
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 194921650
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 233802
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 396932
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1555185
<AVERAGE-NET-ASSETS> 59982
<PER-SHARE-NAV-BEGIN> 5.51
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.87
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.38
<EXPENSE-RATIO> 0.92
<AVG-DEBT-OUTSTANDING> 0
<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
<ASSETS-OTHER> 1335389
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 343759006
<PAYABLE-FOR-SECURITIES> 7409542
<SENIOR-LONG-TERM-DEBT> 0
<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
<ACCUM-APPREC-OR-DEPREC> 44993038
<NET-ASSETS> 113732693
<DIVIDEND-INCOME> 909651
<INTEREST-INCOME> 128884
<OTHER-INCOME> 0
<EXPENSES-NET> 1278718
<NET-INVESTMENT-INCOME> (240183)
<REALIZED-GAINS-CURRENT> 2862290
<APPREC-INCREASE-CURRENT> 39341137
<NET-CHANGE-FROM-OPS> 41963244
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10910621
<NUMBER-OF-SHARES-REDEEMED> 530727
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 194921650
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 233802
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 396932
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1555185
<AVERAGE-NET-ASSETS> 69977855
<PER-SHARE-NAV-BEGIN> 5.50
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 0.85
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.33
<EXPENSE-RATIO> 1.76
<AVG-DEBT-OUTSTANDING> 0
<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
<INVESTMENTS-AT-VALUE> 338646667
<RECEIVABLES> 3776950
<ASSETS-OTHER> 1335389
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 343759006
<PAYABLE-FOR-SECURITIES> 7409542
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4574170
<TOTAL-LIABILITIES> 11983712
<SENIOR-EQUITY> 0
<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
<APPREC-INCREASE-CURRENT> 39341137
<NET-CHANGE-FROM-OPS> 41963244
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19497266
<NUMBER-OF-SHARES-REDEEMED> 2593870
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 194921650
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 233802
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 396932
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1555185
<AVERAGE-NET-ASSETS> 140862747
<PER-SHARE-NAV-BEGIN> 5.51
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.86
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.37
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>