<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> AXP SMALL COMPANY INDEX FUND CLASS Y
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-2001
<PERIOD-END> JUL-31-2000
<INVESTMENTS-AT-COST> 1038570802
<INVESTMENTS-AT-VALUE> 1044326551
<RECEIVABLES> 4957296
<ASSETS-OTHER> 3131256
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1052415103
<PAYABLE-FOR-SECURITIES> 9343294
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11467477
<TOTAL-LIABILITIES> 20810771
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 953775043
<SHARES-COMMON-STOCK> 814033
<SHARES-COMMON-PRIOR> 440493
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 1974383
<ACCUMULATED-NET-GAINS> 74322824
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5480848
<NET-ASSETS> 5507523
<DIVIDEND-INCOME> 3614322
<INTEREST-INCOME> 423775
<OTHER-INCOME> 0
<EXPENSES-NET> 6012480
<NET-INVESTMENT-INCOME> (1974383)
<REALIZED-GAINS-CURRENT> 75860504
<APPREC-INCREASE-CURRENT> 4623774
<NET-CHANGE-FROM-OPS> 69262347
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 490366
<NUMBER-OF-SHARES-REDEEMED> 116826
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 29636984
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 10104622
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 1537680
<GROSS-ADVISORY-FEES> 1499420
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6062375
<AVERAGE-NET-ASSETS> 4252209
<PER-SHARE-NAV-BEGIN> 6.32
<PER-SHARE-NII> .00
<PER-SHARE-GAIN-APPREC> .45
<PER-SHARE-DIVIDEND> .00
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 6.77
<EXPENSE-RATIO> .69
</TABLE>
