GROWTH & INCOME TRUST
NSAR-A, 2000-05-26
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<PAGE>      PAGE  1

000 A000000 03/31/2000
000 C000000 0000949793
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 I000000 6.1
000 J000000 A
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002 A000000 200 AXP FINANCIAL CENTER
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55474
002 D020000 0000
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004  000000 N
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007 C010100  1
007 C020100 TOTAL RETURN PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 EQUITY INCOME PORTFOLIO
007 C030200 N
007 C010300  3
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007 C010400  4
007 C020400 EQUITY PORTFOLIO
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007 C010500  5
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008 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
008 B00AA01 A
008 C00AA01 801-14721
008 D01AA01 MINNEAPOLIS
008 D02AA01 MN
008 D03AA01 55474
008 D04AA01 0000
008 A00AA02 KENWOOD CAPITAL MANAGEMENT LLC
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<PAGE>      PAGE  2
008 D01AA02 MINNEAPOLIS
008 D02AA02 MN
008 D03AA02 55402
010 A00AA01 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
010 B00AA01 8-16791
010 C01AA01 MINNEAPOLIS
010 C02AA01 MN
010 C03AA01 55474
010 C04AA01 0000
013 A00AA01 KPMG LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
013 B04AA01 3900
014 A00AA01 SECURITIES AMERICA INC
014 B00AA01 8-26602
014 A00AA02 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
014 B00AA02 8-16791
014 A00AA03 IDS LIFE INSURANCE COMPANY
014 B00AA03 8-14124
014 A00AA04 AMERICAN EXPRESS FINANCIAL ADVISORS JAPAN INC
014 B00AA04 8-12550
014 A00AA05 AMERICAN EXPRESS SERVICE CORPORATION
014 B00AA05 8-27456
014 A00AA06 AMERICAN ENTERPRISE INVESTMENT SERVICES INC.
014 B00AA06 8-42582
015 A00AA01 AMERICAN EXPRESS TRUST COMPANY
015 B00AA01 C
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015 C04AA01 2307
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020 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
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020 A000003 MORGAN STANLEY DEAN WITTER & CO.
<PAGE>      PAGE  3
020 B000003 13-2655998
020 C000003    576
020 A000004 MORGAN (J.P.) SECURITIES INC.
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020 A000005 DONALDSON, LUFKIN & JENRETTE SEC CORP.
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020 A000007 CREDIT SUISSE FIRST BOSTON CORP.
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020 C000008    305
020 A000009 GOLDMAN, SACHS & CO.
020 B000009 13-5108880
020 C000009    210
020 A000010 PAINEWEBBER INC.
020 B000010 13-2638166
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022 A000001 SALOMON SMITH BARNEY INC.
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022 C000002    935186
022 D000002    928210
022 A000003 MORGAN STANLEY DEAN WITTER & CO.
022 B000003 13-2655998
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022 A000004 GOLDMAN, SACHS & CO.
022 B000004 13-5108880
022 C000004    697925
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022 A000005 LEHMAN COMMERCIAL PAPER INC.
022 B000005 13-2501865
022 C000005    746334
022 D000005       598
022 A000006 NATIONSBANK
022 B000006 75-0520130
022 C000006    364290
022 D000006    278741
022 A000007 LEHMAN BROTHERS INC.
022 B000007 13-2518466
022 C000007    196214
<PAGE>      PAGE  4
022 D000007    225892
022 A000008 DONALDSON, LUFKIN & JENRETTE SEC CORP.
022 B000008 13-2741729
022 C000008    153368
022 D000008    231870
022 A000009 CHASE INVESTMENT SERVICES CORP.
022 B000009 13-5225436
022 C000009    212322
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022 A000010 PAINEWEBBER INC.
022 B000010 13-2638166
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<PAGE>      PAGE  9
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025 A000402 BANK OF AMERICA
025 B000402 94-1687655
025 C000402 D
025 D000402   14967
025 A000403 FLEET FUNDING
025 B000403 05-0341324
025 C000403 D
025 D000403    2493
025 A000404 MORGAN STANLEY
025 B000404 13-2655998
025 C000404 E
025 D000404   40781
025 A000405 MORGAN STANLEY
<PAGE>      PAGE  19
025 B000405 13-2655998
025 C000405 E
025 D000405   26952
025 A000406 SALOMON BROTHERS
025 B000406 13-1912900
025 C000406 E
025 D000406   25728
025 D000407       0
025 D000408       0
025 D000409       0
025 D000410       0
025 D000411       0
025 D000412       0
025 D000413       0
025 D000414       0
025 D000415       0
025 D000416       0
045  000400 Y
046  000400 N
047  000400 N
048  000400  0.000
048 A010400        0
048 A020400 0.000
048 B010400        0
048 B020400 0.000
048 C010400        0
048 C020400 0.000
048 D010400        0
048 D020400 0.000
048 E010400        0
048 E020400 0.000
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
049  000400 N
050  000400 N
051  000400 Y
052  000400 N
053 A000400 N
066 A000400 Y
066 B000400 N
066 C000400 N
<PAGE>      PAGE  20
066 D000400 N
066 E000400 Y
066 F000400 N
066 G000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
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 N
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 Y
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 Y
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   1043870
071 B000400   1244589
071 C000400   4672339
071 D000400   22
072 A000400  6
072 B000400     5759
072 C000400    28304
<PAGE>      PAGE  21
072 D000400        0
072 E000400        0
072 F000400    11692
072 G000400        0
072 H000400        0
072 I000400        0
072 J000400      128
072 K000400        0
072 L000400        0
072 M000400        9
072 N000400        0
072 O000400        0
072 P000400        0
072 Q000400        0
072 R000400       15
072 S000400        0
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400       28
072 X000400    11872
072 Y000400        6
072 Z000400    22197
072AA000400   270206
072BB000400        0
072CC010400   715387
072CC020400        0
072DD010400        0
072DD020400        0
072EE000400        0
073 A010400   0.0000
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400      750
074 B000400        0
074 C000400   234900
074 D000400   215698
074 E000400   280706
074 F000400  4529506
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400    14149
074 K000400        0
074 L000400     5392
074 M000400    25337
074 N000400  5306438
074 O000400    45382
074 P000400       66
074 Q000400        0
<PAGE>      PAGE  22
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400    92801
074 S000400        0
074 T000400  5168189
074 U010400        0
074 U020400        0
074 V010400     0.00
074 V020400     0.00
074 W000400   0.0000
074 X000400        0
074 Y000400        0
075 A000400        0
075 B000400  4856658
076  000400     0.00
SIGNATURE   LESLIE L. OGG
TITLE       VICE PRESIDENT


<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
    <NUMBER>1
    <NAME> TOTAL RETURN PORTFOLIO

<S>                                             <C>
<PERIOD-TYPE>                                      6-MOS
<FISCAL-YEAR-END>                            SEP-30-2000
<PERIOD-END>                                 MAR-31-2000
<INVESTMENTS-AT-COST>                         1990014840
<INVESTMENTS-AT-VALUE>                        2182218406
<RECEIVABLES>                                   31863574
<ASSETS-OTHER>                                  26776970
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                                2240858950
<PAYABLE-FOR-SECURITIES>                         8279057
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                       31600785
<TOTAL-LIABILITIES>                             39879842
<SENIOR-EQUITY>                                        0
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<DIVIDEND-INCOME>                                7511915
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<SHARES-REINVESTED>                                    0
<NET-CHANGE-IN-ASSETS>                         (71833644)
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                            6163797
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                  6258549
<AVERAGE-NET-ASSETS>                          2264996441
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<PER-SHARE-NII>                                        0
<PER-SHARE-GAIN-APPREC>                                0
<PER-SHARE-DIVIDEND>                                   0
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<RETURNS-OF-CAPITAL>                                   0
<PER-SHARE-NAV-END>                                    0
<EXPENSE-RATIO>                                        0


</TABLE>

<TABLE> <S> <C>


<ARTICLE>6
<SERIES>
<NUMBER>2
<NAME>EQUITY INCOME PORTFOLIO

<S>                                      <C>
<PERIOD-TYPE>                                    6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       2260983399
<INVESTMENTS-AT-VALUE>                      2503281204
<RECEIVABLES>                                 46137370
<ASSETS-OTHER>                                   89604
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              2549508178
<PAYABLE-FOR-SECURITIES>                        963962
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      5816270
<TOTAL-LIABILITIES>                            6780232
<SENIOR-EQUITY>                                      0
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<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                2542727946
<DIVIDEND-INCOME>                             29157811
<INTEREST-INCOME>                              3027267
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 6611625
<NET-INVESTMENT-INCOME>                       25573453
<REALIZED-GAINS-CURRENT>                     (25522991)
<APPREC-INCREASE-CURRENT>                    141249651
<NET-CHANGE-FROM-OPS>                        141300113
<EQUALIZATION>                                       0
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<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       (97451409)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
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<OVERDIST-NET-GAINS-PRIOR>                           0
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<GROSS-EXPENSE>                                6614281
<AVERAGE-NET-ASSETS>                        2647319658
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                      0


</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  3
   <NAME>  BALANCED PORTFOLIO

<S>                                                  <C>
<PERIOD-TYPE>                                                  6-MOS
<FISCAL-YEAR-END>                                        SEP-30-2000
<PERIOD-END>                                             MAR-31-2000
<INVESTMENTS-AT-COST>                                     4752343833
<INVESTMENTS-AT-VALUE>                                    5053342729
<RECEIVABLES>                                               81367835
<ASSETS-OTHER>                                              87429065
<OTHER-ITEMS-ASSETS>                                               0
<TOTAL-ASSETS>                                            5222139629
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<OTHER-ITEMS-LIABILITIES>                                  307895942
<TOTAL-LIABILITIES>                                        687906075
<SENIOR-EQUITY>                                                    0
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<SHARES-COMMON-STOCK>                                              0
<SHARES-COMMON-PRIOR>                                              0
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<OVERDISTRIBUTION-GAINS>                                           0
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<NET-ASSETS>                                              4534233554
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<OTHER-INCOME>                                                     0
<EXPENSES-NET>                                              11263257
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<EQUALIZATION>                                                     0
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<NET-CHANGE-IN-ASSETS>                                    (172179882)
<ACCUMULATED-NII-PRIOR>                                            0
<ACCUMULATED-GAINS-PRIOR>                                          0
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<GROSS-EXPENSE>                                             11265034
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<PER-SHARE-NAV-BEGIN>                                            .00
<PER-SHARE-NII>                                                  .00
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<PER-SHARE-DIVIDEND>                                             .00
<PER-SHARE-DISTRIBUTIONS>                                        .00
<RETURNS-OF-CAPITAL>                                               0
<PER-SHARE-NAV-END>                                             0.00
<EXPENSE-RATIO>                                                  .00


</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
<NUMBER>4
<NAME>EQUITY PORTFOLIO

<S>                                              <C>
<PERIOD-TYPE>                                                6-MOS
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<PERIOD-END>                                           MAR-31-2000
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<INVESTMENTS-AT-VALUE>                                  5260809568
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<ASSETS-OTHER>                                            26087220
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<TOTAL-ASSETS>                                          5306437620
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<SENIOR-LONG-TERM-DEBT>                                          0
<OTHER-ITEMS-LIABILITIES>                                 92867280
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<SENIOR-EQUITY>                                                  0
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<NET-ASSETS>                                            5168188520
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<EQUALIZATION>                                                   0
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<ACCUMULATED-NII-PRIOR>                                          0
<ACCUMULATED-GAINS-PRIOR>                                        0
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<RETURNS-OF-CAPITAL>                                             0
<PER-SHARE-NAV-END>                                              0
<EXPENSE-RATIO>                                                  0


</TABLE>


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