IDS LIFE MONEYSHARE FUND INC
24F-2NT, 1995-10-26
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October 26, 1995



Securities and Exchange Commission
Attention:  Document Control - EDGAR
450 Fifth Street, N.W.
Washington, D.C.  20549-1004

Re:   Rule 24f-2 Notice for
      IDS Life Moneyshare Fund, Inc.
      SEC File No. 2-72584/811-3190

Gentlemen:

[i]   In accordance with the provisions of Rule 24f-2, IDS Life
      Moneyshare Fund, Inc. hereby files its Rule 24f-2 Notice for
      the fiscal year ended August 31, 1995 ("Fiscal Year").

[ii]  Amount of securities registered other 
      than under 24f-2 which were unsold at
      the beginning of the fiscal year.                $         0

[iii] Amount of securities registered during 
      the fiscal year other than under 24f-2.          $         0

[iv]  Amount of securities sold during the 
      fiscal year.                                     $47,698,473*

[v]   Amount of securities sold pursuant to            $47,698,473
      24f-2.

[vi]  Fee $47,698,473 divided by 2,900 equals          $ 16,447.75

*  Sales of $123,588,153 minus redemptions of $75,889,680.

Enclosed please find an opinion of counsel.  The filing fee in the
amount of $16,447.75 has been sent by wire transfer.

If you have any questions, please contact the undersigned.

Very truly yours,

IDS LIFE MONEYSHARE FUND, INC.



Leslie L. Ogg
Vice President

LLO/KB/rdh
Enclosures
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PAGE 2
Securities and Exchange Commission
October 26, 1995

                                                   IDS Life
                                                  Moneyshare
                                                     Fund 
  Shares registered in prior years                          0

  Share price on October 20, 1995                        1.00
  Value of shares                                           0 

  Shares registered in current years                        0

  Share price on October 20, 1995                        1.00
  Value of shares                                           0

* Aggregate Sales                                 123,588,153

  Aggregate Redemptions                            75,889,680
  Securities Sold during Fiscal Year               47,698,473

  Fee                                               16,447.75


EXHIBIT INDEX
(b)(10) OPINION OF COUNSEL


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October 26, 1995



IDS Life Moneyshare Fund, Inc.
IDS Tower 10
Minneapolis, Minnesota  55440-0010

Gentlemen:

I have examined the Articles of Incorporation and the By-Laws of
the Company and all necessary certificates, permits, minute books,
documents and records of the Company, and the applicable statutes
of the State of Minnesota, and it is my opinion:

(a)  That the Company is a corporation duly organized and existing
     under the laws of the State of Minnesota with an authorized
     capital stock of 10,000,000,000 shares, all of $.01 par
     value, that such shares may be issued as full or fractional
     shares and that on August 31, 1995, 226,959,381 shares were
     issued and outstanding;

(b)  That all such authorized shares are, under the laws of the
     State of Minnesota, redeemable as provided in the Articles of
     Incorporation of the Company and upon redemption shall have
     the status of authorized and unissued shares;

(c)  That the Company registered on or about October 13, 1981, an
     indefinite number of shares pursuant to Rule 24f-2 and is
     herewith filing a Rule 24f-2 Notice covering the shares sold
     during its Fiscal Year ended August 31, 1995; and

(d)  That shares which were sold at not less than their par value
     and in accordance with applicable federal and state
     securities laws were legally issued, fully paid and
     nonassessable.

I hereby consent that the foregoing opinion may be used in
connection with the Rule 24f-2 Notice.

Very truly yours,



Leslie L. Ogg 
Attorney at Law
901 S. Marquette Ave., Suite 2810
Minneapolis, Minnesota 55402-3268

LLO/KB/rdh



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