<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> AXP VP CASH MANAGEMENT FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-2000
<PERIOD-END> AUG-31-2000
<INVESTMENTS-AT-COST> 783386853
<INVESTMENTS-AT-VALUE> 783386853
<RECEIVABLES> 341038
<ASSETS-OTHER> 3185690
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 786913581
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4424997
<TOTAL-LIABILITIES> 4424997
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 782536383
<SHARES-COMMON-STOCK> 782828827
<SHARES-COMMON-PRIOR> 689686854
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 38290
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 9509
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 782488584
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 46141419
<OTHER-INCOME> 0
<EXPENSES-NET> 5165233
<NET-INVESTMENT-INCOME> 40976186
<REALIZED-GAINS-CURRENT> (298)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 40975888
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 41014556
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1024333621
<NUMBER-OF-SHARES-REDEEMED> 968288266
<SHARES-REINVESTED> 37096618
<NET-CHANGE-IN-ASSETS> 92868966
<ACCUMULATED-NII-PRIOR> 80
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 9211
<GROSS-ADVISORY-FEES> 3873812
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5165251
<AVERAGE-NET-ASSETS> 758856742
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> .00
<PER-SHARE-DIVIDEND> .05
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .68
</TABLE>