<PAGE> PAGE 1
000 A000000 01/31/99
000 C000000 0000949515
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 STRATEGIST GROWTH FUND, INC.
001 B000000 811-7401
001 C000000 6126713800
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
007 C010100 1
007 C020100 STRATEGIST GROWTH FUND
007 C030100 N
007 C010200 2
007 C020200 STRATEGIST GROWTH TRENDS FUND
007 C030200 N
007 C010300 3
007 C020300 STRATEGIST SPECIAL GROWTH FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
011 A00AA01 AMERICAN EXPRESS SERVICE CORPORATION
011 B00AA01 8-27456
011 C01AA01 MINNEAPOLIS
011 C02AA01 MN
011 C03AA01 55440
011 C04AA01 0010
012 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORTION
012 B00AA01 84-456
012 C01AA01 MINNEAPOLIS
012 C02AA01 MN
012 C03AA01 55440
012 C04AA01 0010
<PAGE> PAGE 2
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
013 B04AA01 3900
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 N
019 A00AA00 Y
019 B00AA00 5
019 C00AA00 STRATFNDGR
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
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
<PAGE> PAGE 3
077 C000000 N
077 D000000 Y
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
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
028 A010100 153
028 A020100 0
028 A030100 0
028 A040100 563
028 B010100 103
028 B020100 0
028 B030100 0
028 B040100 80
028 C010100 75
028 C020100 0
028 C030100 0
028 C040100 188
028 D010100 85
028 D020100 0
028 D030100 0
028 D040100 118
028 E010100 41
028 E020100 0
028 E030100 0
028 E040100 147
028 F010100 127
028 F020100 0
028 F030100 0
028 F040100 251
028 G010100 584
028 G020100 0
028 G030100 0
028 G040100 1347
028 H000100 0
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
<PAGE> PAGE 4
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 100
043 000100 25
044 000100 0
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 0
072 C000100 33
072 D000100 0
072 E000100 0
072 F000100 0
072 G000100 5
072 H000100 0
072 I000100 8
072 J000100 0
072 K000100 0
072 L000100 0
072 M000100 2
072 N000100 7
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 2
072 S000100 0
072 T000100 25
072 U000100 0
072 V000100 0
072 W000100 5
072 X000100 54
072 Y000100 0
072 Z000100 -21
072AA000100 0
072BB000100 163
072CC010100 3653
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 0
074 D000100 0
<PAGE> PAGE 5
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 0
074 M000100 24867
074 N000100 24867
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 5
074 S000100 0
074 T000100 24862
074 U010100 553
074 U020100 0
074 V010100 44.95
074 V020100 0.00
074 W000100 0.0000
074 X000100 720
074 Y000100 0
075 A000100 0
075 B000100 20816
076 000100 0.00
028 A010200 132
028 A020200 0
028 A030200 0
028 A040200 156
028 B010200 80
028 B020200 0
028 B030200 0
028 B040200 63
028 C010200 86
028 C020200 0
028 C030200 0
028 C040200 245
028 D010200 41
028 D020200 0
028 D030200 0
028 D040200 26
028 E010200 299
028 E020200 1698
028 E030200 0
028 E040200 44
028 F010200 137
028 F020200 0
<PAGE> PAGE 6
028 F030200 0
028 F040200 75
028 G010200 775
028 G020200 1698
028 G030200 0
028 G040200 609
028 H000200 0
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 100
043 000200 25
044 000200 0
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 0
072 C000200 68
072 D000200 0
072 E000200 0
072 F000200 0
072 G000200 5
072 H000200 0
072 I000200 6
072 J000200 0
072 K000200 0
072 L000200 2
072 M000200 2
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 4
072 S000200 0
072 T000200 25
072 U000200 0
072 V000200 0
072 W000200 1
072 X000200 45
072 Y000200 0
072 Z000200 23
072AA000200 224
072BB000200 0
072CC010200 0
072CC020200 2915
<PAGE> PAGE 7
072DD010200 50
072DD020200 0
072EE000200 1648
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 0
074 M000200 23893
074 N000200 23893
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 36
074 S000200 0
074 T000200 23857
074 U010200 731
074 U020200 0
074 V010200 32.66
074 V020200 0.00
074 W000200 0.0000
074 X000200 610
074 Y000200 0
075 A000200 0
075 B000200 20403
076 000200 0.00
028 A010300 54
028 A020300 0
028 A030300 0
028 A040300 14
028 B010300 11
028 B020300 0
028 B030300 0
028 B040300 29
028 C010300 7
028 C020300 0
028 C030300 0
<PAGE> PAGE 8
028 C040300 287
028 D010300 8
028 D020300 0
028 D030300 0
028 D040300 8
028 E010300 7
028 E020300 192
028 E030300 0
028 E040300 3
028 F010300 13
028 F020300 0
028 F030300 0
028 F040300 9
028 G010300 100
028 G020300 192
028 G030300 0
028 G040300 350
028 H000300 0
042 A000300 0
042 B000300 0
042 C000300 0
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 100
043 000300 2
044 000300 0
071 A000300 0
071 B000300 0
071 C000300 0
071 D000300 0
072 A000300 6
072 B000300 0
072 C000300 5
072 D000300 0
072 E000300 0
072 F000300 0
072 G000300 0
072 H000300 0
072 I000300 2
072 J000300 0
072 K000300 0
072 L000300 0
072 M000300 0
072 N000300 7
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 2
072 S000300 0
<PAGE> PAGE 9
072 T000300 2
072 U000300 0
072 V000300 0
072 W000300 0
072 X000300 13
072 Y000300 7
072 Z000300 -1
072AA000300 21
072BB000300 0
072CC010300 0
072CC020300 204
072DD010300 6
072DD020300 0
072EE000300 186
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 0
074 M000300 1766
074 N000300 1766
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 16
074 S000300 0
074 T000300 1750
074 U010300 274
074 U020300 0
074 V010300 6.39
074 V020300 0.00
074 W000300 0.0000
074 X000300 187
074 Y000300 0
075 A000300 0
075 B000300 1611
076 000300 0.00
<PAGE> PAGE 10
SIGNATURE EILEEN NEWHOUSE
TITLE GENERAL COUNSEL
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> STRATEGIST GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-Mos
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 24866785
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 24866785
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5184
<TOTAL-LIABILITIES> 5184
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11541896
<SHARES-COMMON-STOCK> 553075
<SHARES-COMMON-PRIOR> 573672
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 20860
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 574278
<ACCUM-APPREC-OR-DEPREC> 13914843
<NET-ASSETS> 24861601
<DIVIDEND-INCOME> 50617
<INTEREST-INCOME> 33875
<OTHER-INCOME> 0
<EXPENSES-NET> 105352
<NET-INVESTMENT-INCOME> (20860)
<REALIZED-GAINS-CURRENT> (162818)
<APPREC-INCREASE-CURRENT> 3652525
<NET-CHANGE-FROM-OPS> 3468847
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16023
<NUMBER-OF-SHARES-REDEEMED> 36620
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2707091
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 411460
<GROSS-ADVISORY-FEES> 51572
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 105352
<AVERAGE-NET-ASSETS> 20439396
<PER-SHARE-NAV-BEGIN> 38.62
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 6.37
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 44.95
<EXPENSE-RATIO> 1.03
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> STRATEGIST GROWTH TRENDS FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 23892727
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 23892727
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 32980
<TOTAL-LIABILITIES> 32980
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11603392
<SHARES-COMMON-STOCK> 730513
<SHARES-COMMON-PRIOR> 671030
<ACCUMULATED-NII-CURRENT> 19914
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 220708
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12015733
<NET-ASSETS> 23859747
<DIVIDEND-INCOME> 80440
<INTEREST-INCOME> 39955
<OTHER-INCOME> 0
<EXPENSES-NET> 97493
<NET-INVESTMENT-INCOME> 22902
<REALIZED-GAINS-CURRENT> 223838
<APPREC-INCREASE-CURRENT> 2915209
<NET-CHANGE-FROM-OPS> 3161949
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 50099
<DISTRIBUTIONS-OF-GAINS> 1647590
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 25699
<NUMBER-OF-SHARES-REDEEMED> 21086
<SHARES-REINVESTED> 54870
<NET-CHANGE-IN-ASSETS> 3328303
<ACCUMULATED-NII-PRIOR> 47111
<ACCUMULATED-GAINS-PRIOR> 1644460
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 52644
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 97493
<AVERAGE-NET-ASSETS> 20058787
<PER-SHARE-NAV-BEGIN> 30.60
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 4.55
<PER-SHARE-DIVIDEND> .07
<PER-SHARE-DISTRIBUTIONS> 2.45
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 32.66
<EXPENSE-RATIO> .97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> STRATEGIST SPECIAL GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 1765684
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1765684
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15326
<TOTAL-LIABILITIES> 15326
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1370925
<SHARES-COMMON-STOCK> 273852
<SHARES-COMMON-PRIOR> 285325
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 1281
<ACCUMULATED-NET-GAINS> 19705
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 361009
<NET-ASSETS> 1750358
<DIVIDEND-INCOME> 9237
<INTEREST-INCOME> 689
<OTHER-INCOME> 0
<EXPENSES-NET> 11195
<NET-INVESTMENT-INCOME> (1269)
<REALIZED-GAINS-CURRENT> 21136
<APPREC-INCREASE-CURRENT> 203879
<NET-CHANGE-FROM-OPS> 223746
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6251
<DISTRIBUTIONS-OF-GAINS> 186096
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17111
<NUMBER-OF-SHARES-REDEEMED> 60429
<SHARES-REINVESTED> 31845
<NET-CHANGE-IN-ASSETS> (24696)
<ACCUMULATED-NII-PRIOR> 6239
<ACCUMULATED-GAINS-PRIOR> 184665
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5253
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 18461
<AVERAGE-NET-ASSETS> 1608472
<PER-SHARE-NAV-BEGIN> 6.22
<PER-SHARE-NII> .00
<PER-SHARE-GAIN-APPREC> .97
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 0.77
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 6.39
<EXPENSE-RATIO> 1.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
EXHIBIT 77D
for Strategist Growth Fund, Inc.
At the Board of Directors meeting held on November 23, 1998, the following
investment policies were eliminated:
For all Funds --
o The Fund will not pledge or mortgage its assets beyond 15% of total assets.
o The Fund will not invest more than 5% of its total assets in securities of
companies, including any predecessors, that have a record of less than three
years continuous operations.
o The Fund will not invest more than 5% of its net assets in warrants.
o The Fund will not invest in exploration or development programs, such as oil,
gas or mineral leases.
For Strategist Special Growth Fund only -
o The Fund will not purchase securities of an issuer if the board members and
officers of the Fund, the Portfolio and the Advisor hold more than a certain
percentage of the issuer's outstanding securities. If the holdings of all board
members and officers of the Fund, the Portfolio and the Advisor who own more
than 0.5% of an issuer's securities are added together, and if in total they own
more than 5%, the Portfolio will not purchase securities of that issuer.
