FORM 10-Q
                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549


(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934

For the quarterly period ended  September 30, 1995

                                  OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934

For the transition period from        to

For Quarter Ended September 30, 1995    Commission file number 0-17682

                IDS/SHURGARD INCOME GROWTH PARTNERS, L.P.
        (Exact name of registrant as specified in its charter)

            WASHINGTON                        91-1393767
  (State or other jurisdiction of         (I.R.S. Employer
  incorporation or organization)          Identification No.)

1201-3RD AVENUE, SUITE 2200, SEATTLE, WASHINGTON          98101
(Address of principal executive offices)               (Zip Code)

(Registrant's telephone number, including area code)206-624-8100

     Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90
days.
                                                         Yes   X    No

<PAGE>
PART I, ITEM 1 FINANCIAL STATEMENTS
<TABLE>
COMBINED BALANCE SHEETS
<CAPTION>
                                                      Sept 30,       December 31,
Unaudited                                               1995             1994
                                                    -------------   ------------
<S>                                                <C>            <C>
Assets:
  Cash and cash equivalents                         $  1,995,699   $  1,877,311
  Storage centers, net                                28,971,854     29,739,936
  Other assets                                           357,981        330,333
                                                    -------------  -------------
               Total Assets                         $ 31,325,534   $ 31,947,580
                                                    =============  =============
Liabilities and Partners' Equity (Deficit):
  Liabilities
     Accounts payable and other accrued expenses    $    212,766   $    140,494
     Unearned rent and tenant deposits                   181,451        172,231
     Notes payable                                     1,427,902      1,451,399
                                                     ------------- -------------
               Total Liabilities                       1,822,119      1,764,124
                                                    -------------  -------------
  Minority interest in joint partnership               2,498,414      2,795,612
                                                    -------------  -------------
  Partners' equity (deficit)
     Limited partners                                 27,293,416     27,657,121
     General partner                                    (288,415)      (269,277)
                                                    -------------  -------------
               Total Partners' Equity (Deficit)        27,005,001     27,387,844
                                                    -------------  -------------
               Total Liabilities and Partners'
                 Equity (Deficit)                   $ 31,325,534   $ 31,947,580
                                                    =============  =============
</TABLE>
<TABLE>

COMBINED STATEMENTS OF EARNINGS
<CAPTION>
                             Three Months Ended Sept 30,Nine Months Ended Sept 30,
                              --------------------------------------------------
Unaudited                           1995        1994         1995        1994
                               ------------ ----------- -----------  -----------
<S>                            <C>          <C>         <C>          <C>
Revenues:
  Rental                        $1,683,859   $1,542,148  $4,826,932   $4,398,846
  Interest income                   29,374       16,288      79,303       36,458
                                -----------  ----------- -----------  -----------
               Total Revenues    1,713,233    1,558,436   4,906,235    4,435,304
                                -----------  ----------- -----------  -----------
Expenses:
  Operating and administrative     396,385      403,296   1,278,016    1,148,123
  Property management fees         100,837       92,376     289,535      263,696
  Depreciation and amortization    276,067      280,608     846,932      842,041
  Real estate taxes                116,311      128,117     340,194      388,077
  Interest                          32,117       25,441      98,566       67,006
                                -----------  ----------- -----------  ----------
               Total Expenses      921,717      929,838   2,853,243    2,708,943
                                -----------  ----------- -----------  ----------
Minority interest in joint
  partnership earnings              74,254       50,030     193,302      129,463
                                -----------  ----------- -----------  ----------
Earnings                       $   717,262  $   578,568 $ 1,859,690  $ 1,596,898
                                ===========  ========== ===========  ===========
Earnings per unit of limited
  partnership interest          $     4.60   $     3.71  $    11.92   $    10.24
                                ===========  =========== ===========  ==========
Distributions per unit of limited
  partnership interest          $     4.84   $     4.14  $    14.38   $    12.58
                                ===========  =========== ===========  ==========
</TABLE>
<TABLE>
COMBINED STATEMENTS OF CASH FLOWS
<CAPTION>
                                                      Nine Months Ended Sept 30,
                                                    ------------------------------
Unaudited                                                1995           1994
                                                   -------------- -------------
<S>                                                <C>            <C>
Operating activities:
  Earnings                                          $  1,859,690   $  1,596,898
     Adjustments to reconcile earnings to net cash
      provided by operating activities:
       Minority interest in joint partnership earnings   193,302        129,463
       Depreciation and amortization                     846,932        842,041
     Changes in operating accounts:
       Other assets                                      (30,779)       (45,170)
       Accounts payable and other accrued expenses        72,272        119,161
       Unearned rent and tenant deposits                   9,220          4,922
                                                    -------------  ------------
     Net cash provided by operating activities         2,950,637      2,647,315
                                                    -------------  ------------
Investing activities:
  Improvements to storage centers                        (75,719)       (83,238)
                                                    -------------  ------------
Financing activities:
  Payments on notes payable                              (23,497)       (36,460)
  Distributions to minority partner in joint partnership(490,500)       (75,000)
  Distributions to partners                           (2,242,533)    (1,962,217)
                                                    -------------  -------------
     Net cash used in financing activities            (2,756,530)    (2,073,677)
                                                    -------------  -------------
Increase in cash and cash equivalents                    118,388        490,400
Cash and cash equivalents at beginning of year         1,877,311      1,281,683
                                                    -------------  -------------
Cash and cash equivalents at end of period          $  1,995,699   $  1,772,083
                                                    =============  =============
Supplemental disclosures of cash flow information:
  Cash paid during period for interest              $     98,566   $     67,006
                                                    =============  =============
</TABLE>



NOTE TO COMBINED FINANCIAL STATEMENTS

Financial Statements Preparation:
     The interim financial statements are unaudited but reflect all
adjustments that are, in the opinion of management, necessary to a
fair statement of the results for the interim periods presented.
These adjustments consist primarily of normal recurring accruals.  The
interim financial statements should be read in conjunction with the
audited financial statements contained in the 1994 Annual Report.  The
results of operations for interim periods will not necessarily be
indicative of the operating results for the fiscal year.  The combined
financial statements include the accounts of the Partnership and
Shurgard Joint Partners II (SJP II) in which the Partnership has a 70
percent interest.  All minority partners' interest in the joint
partnership are shown separately on the accompanying financial
statements.
     Distributions and earnings per unit of limited partnership
interest are based on the total amounts distributed and allocated to
limited partners divided by the number of units outstanding during the
period (148,200 for the three and nine months ended Sept. 30, 1995 and
1994).
     Certain items in the 1994 financial statements have been
reclassified to conform with the current year presentation.


PART I, ITEM 2 MANAGEMENT'S DISCUSSION AND ANALYSIS

     Operating Results - The Partnership's revenues for the quarter
increased $155,000 compared to the third quarter of 1994.  This increase is
primarily due to a 9% increase in the average rental rate per square foot
and stable occupancies throughout the Partnership.  Morgan Falls, Ontario,
and Midlothian contributed the largest revenue gains for the quarter of
$35,000, $18,000 and $12,000.  The Livonia and Warren storage centers had
the largest revenue increases for the Joint Partnership, in which your
Partnership owns a 70% interest.  The Joint Partnership contributed a total
of $68,000 in additional rental revenues compared to last quarter at
this same time.  Average occupancies increased slightly by one percentage
point from 91% at September 30, 1994 to 92% at September 30, 1995.

     Earnings for the quarter rose $139,000 or 24% compared to the same
quarter last year due to the increase in revenues as well as the decrease
in total expenses.  Operating and administrative costs also decreased
primarily due to the timing of certain personnel expenses.  Real estate taxes
decreased 9% or $12,000 this quarter compared to last quarter at this time due
to levy decreases in the Michigan districts as well as a tax refund received
as a result of a successful real estate tax appeal for the Ontario facility.
Additionally, interest rates rose from 6.375% during the third quarter of 1994
to 9.25% during the third quarter of 1995 causing an increase in interest 
expense.

     Investing Activities - Capital improvements year-to-date total $76,000
which include building improvements to the Ontario and Canton storage centers
as well as new asphalt at the Warren center.  Capital improvements planned for
the fourth quarter total approximately $68,000 and mainly include pavement work,
equipment upgrades and building improvements at the Canton storage center.
these improvements are important to maintaining the value of your investment
as well as its ability to generate revenue.



                               SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.

                          IDS/SHURGARD INCOME GROWTH PARTNERS, L.P.

Date:  November 13, 1995    By: HARRELL BECK
                              ------------------------------------
                              Harrell Beck
                              Treasurer and Authorized Signatory
                              Shurgard General Partner, Inc.
                              General Partner