IDS MARKET ADVANTAGE SERIES INC
NSAR-A/A, 1998-10-01
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<PAGE>      PAGE  1
000 A000000 07/31/98
000 C000000 0000854669
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
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  2
007 C010100  1
007 C020100 IDS BLUE CHIP ADVANTAGE FUND
007 C030100 N
007 C010200  2
007 C020200 IDS SMALL COMPANY INDEX FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
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
<PAGE>      PAGE  2
012 B00AA01 84-456
012 C01AA01 MINNEAPOLIS
012 C02AA01 MN
012 C03AA01 55440
012 C04AA01 0010
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
013 B04AA01 3900
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 AMERICAN EXPRESS SERVICE CORPORATION
014 B00AA05 8-27456
015 A00AA01 AMERICAN EXPRESS TRUST COMPANY
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55402
015 C04AA01 2307
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   47
019 C00AA00 IDSMUTFDGR
020 A000001 SALOMON SMITH BARNEY INC.
020 B000001 13-1912900
020 C000001    235
020 A000002 MERRILL LYNCH & CO., INC.
020 B000002 13-5674085
020 C000002    218
020 A000003 PAINEWEBBER INC.
020 B000003 13-2638166
020 C000003    131
020 A000004 WEEDER & CO., L.P.
020 B000004 13-3364318
020 C000004    123
020 A000005 DONALDSON, LUFKIN JENRETTE SEC CORP.
020 B000005 13-2741729
020 C000005    107
020 A000006 MORGAN STANLEY & CO., INC.
020 B000006 13-2655998
020 C000006    102
020 A000007 GOLDMAN SACHS & CO.
020 B000007 13-5108880
<PAGE>      PAGE  3
020 C000007    100
020 A000008 AMERICAN ENTERPRISE INV. SERV. INC.
020 B000008 41-1667086
020 C000008     94
020 A000009 CAPITAL INSTITUTIONAL  SERVICE INC.
020 B000009 75-1565705
020 C000009     89
020 A000010 BEAR STEARNS & CO., INC.
020 B000010 13-3299429
020 C000010     86
021  000000     2838
022 A000001 LEHMAN COMMERCIAL PAPER INC.
022 B000001 13-2501865
022 C000001    284145
022 D000001     18448
022 A000002 MORGAN GUARANTY
022 B000002 13-3224016
022 C000002    254201
022 D000002         0
022 A000003 CREDIT SUISSE FIRST BOSTON CORP.
022 B000003 13-5659485
022 C000003     72288
022 D000003     63617
022 A000004 SHAW D. E. & CO.
022 B000004 N/A
022 C000004     62466
022 D000004     70507
022 A000005 MORGAN STANLEY & CO., INC.
022 B000005 13-2655998
022 C000005     53193
022 D000005     32450
022 A000006 WEEDEN & CO. L. P.
022 B000006 13-3364318
022 C000006     81839
022 D000006       347
022 A000007 GOLDMAN SACHS & CO.
022 B000007 13-5108880
022 C000007     74585
022 D000007      4879
022 A000008 MERRILL LYNCH & CO., INC.
022 B000008 13-5674085
022 C000008     30303
022 D000008     48433
022 A000009 CHASE INVESTMENT SERVICES CORP.
022 B000009 13-5225436
022 C000009     56055
022 D000009         0
022 A000010 CITICORP INVESTMENT BANK
022 B000010 13-5266470
022 C000010     39779
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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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>  2
   <NAME>  IDS BLUE CHIP ADVANTAGE FUND CLASS A
       
<S>                                                              <C>
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<PERIOD-END>                                                    JUL-31-1998
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</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  3
   <NAME>  IDS BLUE CHIP ADVANTAGE FUND CLASS B
       
<S>                                                              <C>
<PERIOD-TYPE>                                                    6-MOS
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<PERIOD-END>                                                    JUL-31-1998
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<SENIOR-EQUITY>                                                           0
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</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  4
   <NAME>  IDS BLUE CHIP ADVANTAGE FUND CLASS Y
       
<S>                                                             <C>
<PERIOD-TYPE>                                                          6-MOS
<FISCAL-YEAR-END>                                                JAN-31-1999
<PERIOD-END>                                                     JUL-31-1998
<INVESTMENTS-AT-COST>                                             2326311228
<INVESTMENTS-AT-VALUE>                                            2662004437
<RECEIVABLES>                                                       61953327
<ASSETS-OTHER>                                                       2217771
<OTHER-ITEMS-ASSETS>                                                       0
<TOTAL-ASSETS>                                                    2726175535
<PAYABLE-FOR-SECURITIES>                                            62622422
<SENIOR-LONG-TERM-DEBT>                                                    0
<OTHER-ITEMS-LIABILITIES>                                             267731
<TOTAL-LIABILITIES>                                                 62890153
<SENIOR-EQUITY>                                                            0
<PAID-IN-CAPITAL-COMMON>                                          2199332531
<SHARES-COMMON-STOCK>                                               26770968
<SHARES-COMMON-PRIOR>                                               25111239
<ACCUMULATED-NII-CURRENT>                                             559472
<OVERDISTRIBUTION-NII>                                                     0
<ACCUMULATED-NET-GAINS>                                            127821126
<OVERDISTRIBUTION-GAINS>                                                   0
<ACCUM-APPREC-OR-DEPREC>                                           335572253
<NET-ASSETS>                                                       285369103
<DIVIDEND-INCOME>                                                   17671758
<INTEREST-INCOME>                                                     826380
<OTHER-INCOME>                                                             0
<EXPENSES-NET>                                                      11815962
<NET-INVESTMENT-INCOME>                                              6682176
<REALIZED-GAINS-CURRENT>                                            92641885
<APPREC-INCREASE-CURRENT>                                          166239740
<NET-CHANGE-FROM-OPS>                                              265563801
<EQUALIZATION>                                                             0
<DISTRIBUTIONS-OF-INCOME>                                            1106189
<DISTRIBUTIONS-OF-GAINS>                                                   0
<DISTRIBUTIONS-OTHER>                                                      0
<NUMBER-OF-SHARES-SOLD>                                              5933901
<NUMBER-OF-SHARES-REDEEMED>                                          4378012
<SHARES-REINVESTED>                                                   103840
<NET-CHANGE-IN-ASSETS>                                             578316750
<ACCUMULATED-NII-PRIOR>                                               469238
<ACCUMULATED-GAINS-PRIOR>                                           35179241
<OVERDISTRIB-NII-PRIOR>                                                    0
<OVERDIST-NET-GAINS-PRIOR>                                                 0
<GROSS-ADVISORY-FEES>                                                4491642
<INTEREST-EXPENSE>                                                         0
<GROSS-EXPENSE>                                                     11856562
<AVERAGE-NET-ASSETS>                                               273630657
<PER-SHARE-NAV-BEGIN>                                                   9.50
<PER-SHARE-NII>                                                          .04
<PER-SHARE-GAIN-APPREC>                                                 1.16
<PER-SHARE-DIVIDEND>                                                   (0.04)
<PER-SHARE-DISTRIBUTIONS>                                                  0
<RETURNS-OF-CAPITAL>                                                       0
<PER-SHARE-NAV-END>                                                    10.66
<EXPENSE-RATIO>                                                          .66
<AVG-DEBT-OUTSTANDING>                                                     0
<AVG-DEBT-PER-SHARE>                                                       0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  5
   <NAME>   IDS SMALL COMPANY INDEX FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                               6-MOS
<FISCAL-YEAR-END>                     JAN-31-1999
<PERIOD-END>                          JUL-31-1998
<INVESTMENTS-AT-COST>                   872370830
<INVESTMENTS-AT-VALUE>                  861813033
<RECEIVABLES>                             7932334
<ASSETS-OTHER>                            3421166
<OTHER-ITEMS-ASSETS>                            0
<TOTAL-ASSETS>                          873166533
<PAYABLE-FOR-SECURITIES>                 10423807
<SENIOR-LONG-TERM-DEBT>                         0
<OTHER-ITEMS-LIABILITIES>                20801494
<TOTAL-LIABILITIES>                      31225301
<SENIOR-EQUITY>                                 0
<PAID-IN-CAPITAL-COMMON>                823938192
<SHARES-COMMON-STOCK>                    81795540
<SHARES-COMMON-PRIOR>                    60534897
<ACCUMULATED-NII-CURRENT>                       0
<OVERDISTRIBUTION-NII>                    1347331
<ACCUMULATED-NET-GAINS>                  29913050
<OVERDISTRIBUTION-GAINS>                        0
<ACCUM-APPREC-OR-DEPREC>                (10562679)
<NET-ASSETS>                            525982293
<DIVIDEND-INCOME>                         2926923
<INTEREST-INCOME>                          436211
<OTHER-INCOME>                                  0
<EXPENSES-NET>                            4710465
<NET-INVESTMENT-INCOME>                  (1347331)
<REALIZED-GAINS-CURRENT>                 24110270
<APPREC-INCREASE-CURRENT>               (49466593)
<NET-CHANGE-FROM-OPS>                   (26703654)
<EQUALIZATION>                                  0
<DISTRIBUTIONS-OF-INCOME>                       0
<DISTRIBUTIONS-OF-GAINS>                        0
<DISTRIBUTIONS-OTHER>                           0
<NUMBER-OF-SHARES-SOLD>                  27391078
<NUMBER-OF-SHARES-REDEEMED>               6130435
<SHARES-REINVESTED>                             0
<NET-CHANGE-IN-ASSETS>                  225031875
<ACCUMULATED-NII-PRIOR>                         0
<ACCUMULATED-GAINS-PRIOR>                 5802780
<OVERDISTRIB-NII-PRIOR>                         0
<OVERDIST-NET-GAINS-PRIOR>                      0
<GROSS-ADVISORY-FEES>                     1463843
<INTEREST-EXPENSE>                              0
<GROSS-EXPENSE>                           4733782
<AVERAGE-NET-ASSETS>                    500094830
<PER-SHARE-NAV-BEGIN>                        6.47
<PER-SHARE-NII>                               .00
<PER-SHARE-GAIN-APPREC>                     (0.04)
<PER-SHARE-DIVIDEND>                          .00
<PER-SHARE-DISTRIBUTIONS>                     .00
<RETURNS-OF-CAPITAL>                          .00
<PER-SHARE-NAV-END>                          6.43
<EXPENSE-RATIO>                               .91
<AVG-DEBT-OUTSTANDING>                          0
<AVG-DEBT-PER-SHARE>                            0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  6
   <NAME>   IDS SMALL COMPANY INDEX FUND CLASS B
       
<S>                               <C>
<PERIOD-TYPE>                                 6-MOS
<FISCAL-YEAR-END>                        JAN-31-1999
<PERIOD-END>                             JUL-31-1998
<INVESTMENTS-AT-COST>                      872370830
<INVESTMENTS-AT-VALUE>                     861813033
<RECEIVABLES>                                7932334
<ASSETS-OTHER>                               3421166
<OTHER-ITEMS-ASSETS>                               0
<TOTAL-ASSETS>                             873166533
<PAYABLE-FOR-SECURITIES>                    10423807
<SENIOR-LONG-TERM-DEBT>                            0
<OTHER-ITEMS-LIABILITIES>                   20801494
<TOTAL-LIABILITIES>                         31225301
<SENIOR-EQUITY>                                    0
<PAID-IN-CAPITAL-COMMON>                   823938192
<SHARES-COMMON-STOCK>                       49628910
<SHARES-COMMON-PRIOR>                       35080276
<ACCUMULATED-NII-CURRENT>                          0
<OVERDISTRIBUTION-NII>                       1347331
<ACCUMULATED-NET-GAINS>                     29913050
<OVERDISTRIBUTION-GAINS>                           0
<ACCUM-APPREC-OR-DEPREC>                   (10562679)
<NET-ASSETS>                               314816537
<DIVIDEND-INCOME>                            2926923
<INTEREST-INCOME>                             436211
<OTHER-INCOME>                                     0
<EXPENSES-NET>                               4710465
<NET-INVESTMENT-INCOME>                     (1347331)
<REALIZED-GAINS-CURRENT>                    24110270
<APPREC-INCREASE-CURRENT>                  (49466593)
<NET-CHANGE-FROM-OPS>                      (26703654)
<EQUALIZATION>                                     0
<DISTRIBUTIONS-OF-INCOME>                          0
<DISTRIBUTIONS-OF-GAINS>                           0
<DISTRIBUTIONS-OTHER>                              0
<NUMBER-OF-SHARES-SOLD>                     17118472
<NUMBER-OF-SHARES-REDEEMED>                  2569838
<SHARES-REINVESTED>                                0
<NET-CHANGE-IN-ASSETS>                     225031875
<ACCUMULATED-NII-PRIOR>                            0
<ACCUMULATED-GAINS-PRIOR>                    5802780
<OVERDISTRIB-NII-PRIOR>                            0
<OVERDIST-NET-GAINS-PRIOR>                         0
<GROSS-ADVISORY-FEES>                        1463843
<INTEREST-EXPENSE>                                 0
<GROSS-EXPENSE>                              4733782
<AVERAGE-NET-ASSETS>                       295180868
<PER-SHARE-NAV-BEGIN>                           6.40
<PER-SHARE-NII>                                (0.02)
<PER-SHARE-GAIN-APPREC>                        (0.04)
<PER-SHARE-DIVIDEND>                             .00
<PER-SHARE-DISTRIBUTIONS>                        .00
<RETURNS-OF-CAPITAL>                             .00
<PER-SHARE-NAV-END>                             6.34
<EXPENSE-RATIO>                                 1.67
<AVG-DEBT-OUTSTANDING>                             0
<AVG-DEBT-PER-SHARE>                               0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  7
   <NAME>   IDS SMALL COMPANY INDEX FUND CLASS Y
       
<S>                                  <C>
<PERIOD-TYPE>                                    6-MOS
<FISCAL-YEAR-END>                          JAN-31-1999
<PERIOD-END>                               JUL-31-1998
<INVESTMENTS-AT-COST>                        872370830
<INVESTMENTS-AT-VALUE>                       861813033
<RECEIVABLES>                                  7932334
<ASSETS-OTHER>                                 3421166
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               873166533
<PAYABLE-FOR-SECURITIES>                      10423807
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     20801494
<TOTAL-LIABILITIES>                           31225301
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     823938192
<SHARES-COMMON-STOCK>                           177431
<SHARES-COMMON-PRIOR>                           123294
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         1347331
<ACCUMULATED-NET-GAINS>                       29913050
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (10562679)
<NET-ASSETS>                                   1142402
<DIVIDEND-INCOME>                              2926923
<INTEREST-INCOME>                               436211
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 4710465
<NET-INVESTMENT-INCOME>                       (1347331)
<REALIZED-GAINS-CURRENT>                      24110270
<APPREC-INCREASE-CURRENT>                    (49466593)
<NET-CHANGE-FROM-OPS>                        (26703654)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          85207
<NUMBER-OF-SHARES-REDEEMED>                      31070
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       225031875
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      5802780
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1463843
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                4733782
<AVERAGE-NET-ASSETS>                           1123853
<PER-SHARE-NAV-BEGIN>                             6.47
<PER-SHARE-NII>                                  (0.01)
<PER-SHARE-GAIN-APPREC>                          (0.02)
<PER-SHARE-DIVIDEND>                               .00
<PER-SHARE-DISTRIBUTIONS>                          .00
<RETURNS-OF-CAPITAL>                               .00
<PER-SHARE-NAV-END>                               6.44
<EXPENSE-RATIO>                                    .83
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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