IDS LIFE ACCOUNT F, 486BPOS, 1994-04-22

IDS LIFE ACCOUNT F
486BPOS, 1994-04-22

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<PAGE>
PAGE 1
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-4

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

Post-Effective Amendment No. 24 (File No. 2-73114) X

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

Amendment No. 15 (File No. 811-3217) X

IDS LIFE ACCOUNT F
IDS LIFE ACCOUNT IZ
IDS LIFE ACCOUNT JZ
IDS LIFE ACCOUNT G
IDS LIFE ACCOUNT H
IDS LIFE ACCOUNT N
___________________________________________________________________
(Exact Name of Registrant)

IDS Life Insurance Company
___________________________________________________________________
(Name of Depositor)

IDS Tower 10, Minneapolis, MN 55440-0010
___________________________________________________________________
(Address of Depositor's Principal Executive Offices) (Zip Code)

Depositor's Telephone Number, including Area Code (612) 671-3678

Mary Ellyn Minenko, IDS Tower 10, Minneapolis, MN 55440-0010
___________________________________________________________________
(Name and Address of Agent for Service)

It is proposed that this filing will become effective:

immediately upon filing pursuant to paragraph (b) of Rule 486
X on April 29, 1994 pursuant to paragraph (b) of Rule 486
60 days after filing pursuant to paragraph (a) of Rule 486
on (date) pursuant to paragraph (a) of Rule 486

The Registrant has registered an indefinite number or amount of
securities under the Securities Act of 1933 pursuant to Section
24-f of the Investment Company Act of 1940. Registrant's Rule
24f-2 Notice for its most recent fiscal year was filed on or about
February 25, 1994.

<PAGE>
PAGE 2
<TABLE>
<CAPTION>
CROSS REFERENCE SHEET

Cross reference sheet showing location in the prospectus of the information
called for by the items enumerated in Part A and B of Form N-4.

Negative answers omitted from prospectus are so indicated.

PART A PART B

Page Number in
Page Number Statement of
Item No. in Prospectus Item No. Additional Information
<C> <C> <C> <C>
1 3 15 37

2 5-6 16 38

3(a) 8-12 17(a) NA
(b) 6-8 (b) NA
(c) 34-35*
4(a) 12-13
(b) 14 18(a) NA
(c) 13 (b) NA
(c) 44
5(a) 3,34-35 (d) NA
(b) 15 (e) NA
(c) 15-16 (f) 44
(d) 3,16
(e) 34 19(a) 44*
(f) NA (b) 20-21*

6(a) 19-22 20(a) 44
(b) 20-21 (b) 44
(c) 21 (c) 44
(d) NA (d) NA
(e) 16
(f) NA 21 39-41

7(a) 17-19 22 41-42
(b) 15,24-26
(c) 16,21 23(a) 45
(d) 3 (b) 53

8(a) 29-31
(b) 17
(c) 30
(d) 29-31
(e) 31
(f) 31

9(a) 28-29
(b) 28-29

10(a) 17,18-19,22-23
(b) 22-23
(c) 17,18-19,22-23
(d) NA

11(a) 26-27
(b) 28
(c) 27
(d) 18
(e) 6

12(a) 31-34
(b) 6
(c) NA

13 NA

14 35

*Designates filing page number in the prospectus, which is hereby incorporated
by reference in this Statement of Additional Information.
</TABLE>
<PAGE>
PAGE 3
IDS Life Variable Retirement and Combination Retirement Annuities

Prospectus
April 29, 1994

This prospectus describes two individual deferred annuity contracts
offered by IDS Life Insurance Company (IDS Life). The Variable
Retirement Annuity (VRA) is a deferred variable annuity contract in
which a single purchase payment accumulates on a variable basis and
retirement payments are paid to the owner. The Combination
Retirement Annuity (CRA) is a deferred fixed/variable annuity
contract in which installment purchase payments are accumulated on
a fixed and/or variable basis and retirement payments are paid to
the owner. Both can be used for qualified and nonqualified
retirement plans.

New Variable Retirement Annuity contracts are not currently being
offered.

IDS Life Accounts F, IZ, JZ, G, H and N

Sold by: IDS Life Insurance Company, IDS Tower 10 Minneapolis, MN
55440-0010 Telephone: 612-671-3131.

THIS PROSPECTUS CONTAINS THE INFORMATION ABOUT THE VARIABLE
ACCOUNTS THAT YOU SHOULD KNOW BEFORE INVESTING. Refer to "The
variable accounts" in this prospectus.

THE PROSPECTUS IS ACCOMPANIED OR PRECEDED BY THE RETIREMENT ANNUITY
MUTUAL FUND PROSPECTUS FOR IDS LIFE AGGRESSIVE GROWTH FUND, IDS
LIFE INTERNATIONAL EQUITY FUND, IDS LIFE CAPITAL RESOURCE FUND, IDS
LIFE MANAGED FUND, INC., IDS LIFE SPECIAL INCOME FUND, INC. AND IDS
LIFE MONEYSHARE FUND, INC. PLEASE KEEP THESE PROSPECTUSES FOR
FUTURE REFERENCE.

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE
SECURITIES AND EXCHANGE COMMISSION, OR ANY STATE SECURITIES
COMMISSION, NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR
ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR
ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY
IS A CRIMINAL OFFENSE.

IDS LIFE IS NOT A BANK, AND THE SECURITIES IT OFFERS ARE NOT
DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED BY ANY BANK
NOR ARE THEY INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION,
THE FEDERAL RESERVE BOARD OR ANY OTHER AGENCY.

A Statement of Additional Information (SAI) dated April 29, 1994
(incorporated by reference into this prospectus) has been filed
with the Securities and Exchange Commission (SEC), and is available
without charge by contacting IDS Life at the telephone number above
or by completing and sending the order form on the last page of
this prospectus. The table of contents of the SAI is on the last
page of this prospectus.
<PAGE>
PAGE 4
Contents

Key terms......................................................
The Variable and Combination Retirement Annuities in brief.....
Expense summary................................................
Condensed financial information................................
Financial statements...........................................
Performance information........................................
The variable accounts..........................................
The funds......................................................
Aggressive Growth Fund....................................
International Equity Fund.................................
Capital Resource Fund.....................................
Managed Fund..............................................
Special Income Fund.......................................
Moneyshare Fund...........................................
The fixed account..............................................
Buying your annuity............................................
Setting the retirement date...............................
Beneficiary...............................................
Two ways to make purchase payments........................
Charges........................................................
Contract administrative charge............................
Mortality and expense risk fee............................
Surrender charges.........................................
Premium taxes.............................................
Valuing your investment........................................
Number of units...........................................
Accumulation unit value...................................
Net investment factor................ ....................
Factors that affect variable account
accumulation units........................................
Making the most of your annuity................................
Automated dollar-cost averaging...........................
Transferring money between accounts.......................
Transfer policies.........................................
Three ways to request a transfer or a surrender...........
Surrendering your contract.....................................
Surrender policies........................................
Receiving payment when you request a surrender............
TSA-special surrender provisions...............................
Changing ownership.............................................
Benefits in case of death......................................
The annuity payout period......................................
Annuity payout plans......................................
Death after annuity payouts begin.........................
Transfers between accounts after annuity
payouts begin.............................................
Taxes..........................................................
Voting rights..................................................
About IDS Life.................................................
Regular and special reports....................................
Table of contents of the Statement of Additional
Information....................................................

<PAGE>
PAGE 5
Key terms

These terms can help you understand details about your annuity.

Annuity - A contract purchased from an insurance company that
offers tax-deferred growth of the owner's investment until earnings
are withdrawn, and that can be tailored to meet the specific needs
of the individual during retirement.

Accumulation unit - A measure of the value of each variable account
before annuity payouts begin.

Annuitant - The person on whose life or life expectancy the payouts
are based.

Annuity payouts - An amount paid at regular intervals under one of
several plans available to the owner and/or any other payee. This
amount may be paid on a variable or fixed basis or a combination of
both.

Annuity unit - A measure of the value of each variable account used
to calculate the annuity payouts you receive.

Beneficiary - The person designated to receive annuity benefits in
case of the owner's or annuitant's death.

Close of business - When the New York Stock Exchange (NYSE) closes,
normally 3 p.m. Central time.

Code - Internal Revenue Code of 1986, as amended.

Contract value - The total value of your annuity before any
applicable surrender charge and any contract administrative charge
have been deducted.

Contract year - A period of 12 months, starting on the effective
date of your contract and on each anniversary of the effective
date.

Fixed account - An account to which you may allocate purchase
payments under the Combination Retirement Annuity. Amounts
allocated to this account earn interest at rates that are declared
periodically by IDS Life.

IDS Life - In this prospectus, "we," "us," "our," and "IDS Life"
refer to IDS Life Insurance Company.

Mutual funds (funds) - Six IDS Life Retirement Annuity mutual
funds, each with a different investment objective. (See "The
funds.") You may allocate your purchase payments into variable
accounts investing in shares of any or all of these funds.

Owner (you, your) - The person who controls the annuity (decides on
investment allocations, transfers, annuity payout options, etc.).
Usually, but not always, the owner is also the annuitant. The
owner is responsible for taxes, regardless of whether he or she
receives the annuity's benefits.
<PAGE>
PAGE 6
Purchase payments - Payments made to IDS Life for a contract.

Qualified annuity - An annuity purchased for a retirement plan that
is subject to applicable federal law and any rules of the plan
itself. These plans include:

o Individual Retirement Annuities (IRAs)
o Simplified Employee Pension Plans (SEPs)
o Section 401(k) plans
o Custodial and trusteed pension and profit sharing plans
o Tax Sheltered Annuities (TSAs)
o Section 457 plans.

All other annuities are considered nonqualified annuities.

Retirement date - The date when annuity payouts are scheduled to
begin. This date is first established when you start your
contract. You can change it in the future.

Surrender charge - A deferred sales charge that may be applied if
you surrender your annuity before the retirement date.

Surrender value - The amount you are entitled to receive if you
surrender your annuity. It is the contract value minus any
applicable surrender charge and contract administrative charge.

Valuation date - Any normal business day, Monday through Friday,
that the NYSE is open. The value of each variable account is
calculated at the close of business on each valuation date.

Variable accounts - Six separate accounts to which you may allocate
purchase payments; each invests in shares of one mutual fund. (See
"The variable accounts.") The value of your investment in each
variable account changes with the performance of the particular
fund.

The Variable and Combination Retirement Annuities in brief

Purpose: The Variable and Combination Retirement Annuities are
designed to allow you to build up funds for retirement. You do
this by making one or more investments (purchase payments) that may
earn returns that increase the value of the annuity. Beginning at
a specified future date (the retirement date), the annuity provides
a lifetime or other forms of payouts to you or to anyone you
designate.

Ten-day free look: You may return your annuity to your financial
planner or our Minneapolis office within 10 days after it is
delivered to you and receive a full refund of the contract value.
No charges will be deducted. However, you bear the investment risk
from the time of purchase until return of the contract; the refund
amount may be more or less than the payment you made. (Exception:
If the law so requires, all of your purchase payment will be
refunded.)
<PAGE>
PAGE 7
Accounts: You may allocate your purchase payments among any or all
of:

o six variable accounts, each of which invests in mutual funds
with a particular investment objective. The value of each
variable account varies with the performance of the particular
fund. We cannot guarantee that the value at the retirement date
will equal or exceed the total of purchase payments allocated to
the variable accounts. (p.)

o one fixed account (under CRA only), which earns interest at
rates that are adjusted periodically by IDS Life. (p.)

Buying the annuity: Your IDS personal financial planner will help
you complete and submit an application for CRA. Applications are
subject to acceptance at our Minneapolis office. You may buy a
nonqualified annuity or a qualified annuity including an IRA.

Payment may be made either in a lump sum or installments for CRA:

o Minimum purchase payment - $600 on an annual basis.

o Minimum installment or additional payment - $50 monthly; $23.08
biweekly payroll deductions.

o Maximum first-year payment(s) -
Nonqualified: $25,000.
Qualified: Two times initial annual gross premium subject to
any restrictions.

o Maximum payment for each subsequent year -
Nonqualified: $50,000 excluding rollovers.
Qualified: Two times initial annual gross premium subject to
any restrictions.

Unlike the CRA, VRA was purchased with a single payment. No
additional payments are allowed for VRA. (p.)

Transfers: You may redistribute your money among accounts without
charge at any time until annuity payouts begin, and once per
contract year among the variable accounts thereafter. You may
establish automated transfers among the fixed and variable
account(s), subject to certain restrictions. (p.)

Surrenders: You may surrender all or part of your contract value at
any time before the retirement date. You also may establish
automated partial surrenders. Surrenders may be subject to charges
and tax penalties and may have other tax consequences; also,
certain restrictions apply. (p.)

Changing ownership: You may change ownership of a nonqualified
annuity by written instruction, however, such changes of
nonqualified annuities may have federal income tax consequences.
Certain restrictions apply concerning change of ownership of a
qualified annuity. (p.)

<PAGE>
PAGE 8

Payment in case of death: If you or the annuitant dies before
annuity payouts begin, we will pay the beneficiary an amount at
least equal to the contract value. (p.)

Annuity payouts: The contract value of your investment can be
applied to an annuity payout plan that begins on the retirement
date. You may choose from a variety of plans to make sure that
payouts continue as long as they are needed. If you purchased a
qualified annuity, the payout schedule must meet requirements of
the qualified plan. Payouts may be made on a fixed or variable
basis, or both. Total monthly payouts include amounts from each
variable account and the fixed account. (p.)

Taxes: Generally your annuity grows tax-deferred until you
surrender it or begin to receive payouts. (Under certain
circumstances, IRS penalty taxes may apply.) Even if you direct
payouts to someone else, you will still be taxed on the income if
you are the owner. Certain state and local governments impose
premium taxes. (p.)

Charges: Your Variable Retirement Annuity is subject to an annual
charge of $20 and your Combination Retirement Annuity is subject to
an annual charge of $30 for contract administrative services. The
annuities are also subject to a 1% mortality and expense risk
charge and surrender charges. (p.)

Expense summary

The purpose of this summary is to help you understand the various
costs and expenses associated with VRA and CRA.

You pay no sales charge when you purchase the annuities. All costs
that you bear directly or indirectly for the variable accounts and
underlying mutual funds are shown below. Some expenses may vary as
explained under "Contract charges."

Direct charges. These are deducted directly from the contract
value. They include:

Surrender charge - Surrender charges apply if you surrender more
than a certain limited percentage of your Variable Retirement
Annuity's value within the first seven contract years. The
surrender charge starts at 7% of the amount surrendered in the
first contract year and reduces by 1% each contract year
thereafter, so that there is no surrender charge in the eighth and
later contract years.

With a Combination Retirement Annuity, you will pay surrender
charges on any surrender within the first 11 contract years. The
surrender charge starts at 7% of any amount surrendered during the
first five contract years, then declines by 1% per year from 6% in
the sixth year to 1% in the 11th year. There is no surrender
charge on amounts surrendered after the 11th year.

There also are two additional CRA plans available for: 1)
participants in the CRA-Select (University of Wisconsin Tax Shelter
Annuity (TSA) plan), and 2) contract owners who have converted <PAGE>
PAGE 9
benefits from IDS Retirement Service, or any other retirement
annuity offered by IDS Retirement Service under which said
conversion is available to the CRA.

Participants in the Combination Retirement Annuity-Select
(University of Wisconsin TSA plan) will pay surrender charges on
any surrender within the first eight years. The surrender charge
starts at 7% of any amount surrendered during the first three
contract years, then declines by 1% per year from 6% in the fourth
year to 2% in the eighth year. There is no surrender charge on
amounts surrendered after the eighth year.

Contract owners who have converted benefits distributed from IDS
Retirement Service to CRA will pay surrender charges on any
surrender in the first seven years ranging from 6% in the first two
contract years to 1% in the seventh contract year.

The surrender charge for the Variable and Combination Retirement
Annuity in all cases is further limited so that it will never
exceed 8.5% of aggregate purchase payments made to the contract.

Annual contract administrative charge -
Variable Retirement Annuity - $20
Combination Retirement Annuity - $30

Indirect charges. The variable account pays these expenses out of
its assets. They are reflected in the variable account's daily
accumulation unit value and are not charged directly to your
account. They include:

Mortality and expense risk fee - 1% per year, deducted from the
variable account as a percentage of the average daily net assets of
the underlying fund.

Operating expenses of underlying mutual funds - management fees and
other expenses deducted as a percentage of average net assets as
follows: *

<TABLE>
<CAPTION>
Aggressive International Capital Special
Growth Equity Resource Managed Income Moneyshare
<S> <C> <C> <C> <C> <C> <C>
Management fees .65% .89% .65% .65% .65% .55%

Other expenses .07 .14 .04 .04 .04 .04

Total** .72% 1.03% .69% .69% .69% .59%
</TABLE>

* Premium taxes imposed by some state and local governments are not
reflected in this table.

**Annualized operating expenses of underlying mutual funds at Dec.
31, 1993.
<PAGE>
PAGE 10
Example for the Variable Retirement Annuity:*

You would pay the following expenses on a $1,000 investment,
assuming a 5% annual return and surrender at the end of each time
period:

<TABLE>
<CAPTION>
Aggressive International Capital Special
Growth Equity Resource Managed Income Moneyshare
<S> <C> <C> <C> <C> <C> <C>
1 year $ 90.38 $ 93.34 $ 90.10 $ 90.10 $ 90.10 $ 89.14

3 years 111.14 120.27 110.26 110.26 110.26 107.30

5 years 131.82 147.50 130.30 130.30 130.30 125.19

10 years 209.88 243.03 206.62 206.62 206.62 195.67
</TABLE>
You would pay the following expenses on the same investment
assuming no surrender:

1 year $ 18.15 $ 21.33 $ 17.85 $ 17.85 $ 17.85 $ 16.82

3 years 56.21 65.84 55.28 55.28 55.28 52.15

5 years 96.73 112.94 95.15 95.15 95.15 89.87

10 years 209.88 243.03 206.62 206.62 206.62 195.67

This example should not be considered a representation of past or
future expenses. Actual expenses may be more or less than those
shown.

*In this example, the $20 annual contract administrative charge is
approximated as a .051% charge based on our average contract size.

Example for the Combination Retirement Annuity:

You would pay the following expenses on a $1,000 investment,
assuming a 5% annual return and surrender at the end of each time
period:

<TABLE>
<CAPTION>
Aggressive International Capital Special
Growth Equity Resource Managed Income Moneyshare
<S> <C> <C> <C> <C> <C> <C>
1 year $ 91.24 $ 94.20 $ 90.95 $ 90.95 $ 90.95 $ 90.00

3 years 135.71 144.62 134.85 134.85 134.85 131.96

5 years 182.97 197.88 181.52 181.52 181.52 176.67

10 years 246.73 278.77 243.58 243.58 243.58 233.00
</TABLE>

<PAGE>
PAGE 11
You would pay the following expenses on the same investment
assuming no surrender:

1 year $ 19.08 $ 22.25 $ 18.77 $ 18.77 $ 18.77 $ 17.74

3 years 59.01 68.63 58.08 58.08 58.08 54.96

5 years 101.46 117.61 99.89 99.89 99.89 94.62

10 years 219.61 252.47 216.38 216.38 216.38 205.53

This example should not be considered a representation of past or
future expenses. Actual expenses may be more or less than those
shown.

*In this example, the $30 annual contract administrative charge is
approximated as a .141% charge based on our average contract size.

Example for the Combination Retirement Annuity Select (University
of Wisconsin TSA plan):

You would pay the following expenses on a $1,000 investment,
assuming a 5% annual return and surrender at the end of each time
period:

<TABLE>
<CAPTION>
Aggressive International Capital Special
Growth Equity Resource Managed Income Moneyshare
<S> <C> <C> <C> <C> <C> <C>
1 year $ 91.24 $ 94.20 $ 90.95 $ 90.95 $ 90.95 $ 90.00

3 years 135.71 144.62 134.85 134.85 134.85 131.96

5 years 159.68 174.94 158.20 158.20 158.20 153.23

10 years 219.61 252.47 216.38 216.38 216.38 205.53
</TABLE>
You would pay the following expenses on the same investment
assuming no surrender:

1 year $ 19.08 $ 22.25 $ 18.77 $ 18.77 $ 18.77 $ 17.74

3 years 59.01 68.63 58.08 58.08 58.08 54.96

5 years 101.46 117.61 99.89 99.89 99.89 94.62

10 years 219.61 252.47 216.38 216.38 216.38 205.53

This example should not be considered a representation of past or
future expenses. Actual expenses may be more or less than those
shown.

*In this example, the $30 annual contract administrative charge is
approximated as a .141% charge based on our average contract size.

Example for the Combination Retirement Annuity (IDS Retirement
Service Conversion):

<PAGE>
PAGE 12
You would pay the following expenses on a $1,000 investment,
assuming a 5% annual return and surrender at the end of each time
period:

<TABLE>
<CAPTION>
Aggressive International Capital Special
Growth Equity Resource Managed Income Moneyshare
<S> <C> <C> <C> <C> <C> <C>
1 year $ 80.93 $ 83.92 $ 80.64 $ 80.64 $ 80.64 $ 79.68

3 years 113.80 122.91 112.91 112.91 112.91 109.96

5 years 136.40 152.01 134.87 134.87 134.87 129.79

10 years 219.61 252.47 243.58 216.38 216.38 205.53
</TABLE>

You would pay the following expenses on the same investment
assuming no surrender:

1 year $ 19.08 $ 22.25 $ 18.77 $ 18.77 $ 18.77 $ 17.74

3 years 59.01 68.63 58.08 58.08 58.08 54.96

5 years 101.46 117.61 99.89 99.89 99.89 94.62

10 years 219.61 252.47 216.38 216.38 216.38 205.53

This example should not be considered a representation of past or
future expenses. Actual expenses may be more or less than those
shown.

*In this example, the $30 annual contract administrative charge is
approximated as a .141% charge based on our average contract size.

Condensed financial information
(unaudited)

The following tables give per-unit information about the financial
history of each variable account.

<TABLE>
<CAPTION>
Years Ended Dec. 31,
1993 1992 1991 1990 1989 1988 1987 1986 1985 1984
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Account F (Investing in shares of Capital Resource Fund)
Accumulation unit value at
beginning of period .......... $4.82 $4.67 $3.22 $3.23 $2.57 $2.31 $2.07 $1.92 $1.52 $1.61
Accumulation unit value at
end of period ................ $4.93 $4.82 $4.67 $3.22 $3.23 $2.57 $2.31 $2.07 $1.92 $1.52
Number of accumulation units
outstanding at end of period
(000 omitted) ................ 488,632 402,977 309,984 242,767 204,645 186,639 180,907 148,626 112,2981 73,572
________________________________________________________________________________________________________________________
Ratio of operating expense to
average net assets ........... 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%

Account IZ2 (Investing in shares of International Equity Fund)
Accumulation unit value at
beginning of period .......... $0.98 $1.00 - - - - - - - -
Accumulation unit value at
end of period ................ $1.29 $0.98 - - - - - - - -
Number of accumulation units
outstanding at end of period
(000 omitted) ................ 405,536 69,874 - - - - - - - -
<PAGE>
PAGE 13
Ratio of operating expense to
average net assets ........... 1.00% 1.00% - - - - - - - -

Account JZ3 (Investing in shares of Aggressive Growth Fund)
Accumulation unit value at
beginning of period .......... $1.08 $1.00 - - - - - - - -
Accumulation unit value at
end of period ................ $1.21 $1.08 - - - - - - - -
Number of accumulation units
outstanding at end of period
(000 omitted) ................ 347,336 115,574 - - - - - - - -
Ratio of operating expense to
average net assets ........... 1.00% 1.00% - - - - - - - -
Account G (Investing in shares of Special Income Fund)
Accumulation unit value at
beginning of period .......... $3.48 $3.21 $2.76 $2.67 $2.48 $2.27 $2.27 $1.93 $1.59 $1.42
Accumulation unit value at
end of period ................ $3.99 $3.48 $3.21 $2.76 $2.67 $2.48 $2.27 $2.27 $1.93 $1.59
Number of accumulation units
outstanding at end of period
(000 omitted) ................ 405,429 330,000 270,858 236,926 222,248 175,878 170,241 156,811 93,0544 49,052
________________________________________________________________________________________________________________________
Ratio of operating expense to
average net assets ........... 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%

1Account F includes 17,665,211 accumulation units issued in the merger of Account C into Account F on Dec. 13, 1985.
2Account IZ commenced operations on Jan. 13, 1992.
3Account JZ commenced operations on Jan. 13, 1992.
4Account G includes 23,659,421 accumulation units issued in the merger of Account D into Account G on Dec. 13, 1985.

Condensed financial information
(unaudited) (cont'd)
Years Ended Dec. 31,
1993 1992 1991 1990 1989 1988 1987 1986 1985 1984
Account H (Investing in shares of Moneyshare Fund)
Accumulation unit value at
beginning of period .......... $2.09 $2.04 $1.95 $1.82 $1.69 $1.59 $1.51 $1.43 $1.34 $1.22
Accumulation unit value at
end of period ................ $2.12 $2.09 $2.04 $1.95 $1.82 $1.69 $1.59 $1.51 $1.43 $1.34
Number of accumulation units
outstanding at end of period
(000 omitted) ................ 74,935 102,277 126,489 139,005 108,690 63,005 51,578 38,126 42,7475 29,247
________________________________________________________________________________________________________________________
Ratio of operating expense to
average net assets ........... 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%

Simple yield6 ................ 1.89% 1.76% 3.26% 6.25% 6.81% 7.30% 5.72% 4.14% 6.39% 7.51%
________________________________________________________________________________________________________________________

Compound yield6 .............. 1.90% 1.77% 3.31% 6.44% 7.04% 7.57% 5.88% 4.22% 6.59% 7.79%
________________________________________________________________________________________________________________________

Account N7 (Investing in shares of Managed Fund)
Accumulation unit value at
beginning of period .......... $1.98 $1.86 $1.45 $1.42 $1.14 $1.06 $1.01 $1.00 - -
Accumulation unit value at
end of period ................ $2.21 $1.98 $1.86 $1.45 $1.42 $1.14 $1.06 $1.01 - -
Number of accumulation units
outstanding at end of period
(000 omitted) ................ 910,254 650,797 496,554 400,961 331,315 325,918 321,395 101,678 - -
Ratio of operating expense to
average net assets ........... 1.00% 1.00% 1.00 1.00% 1.00% 1.00% 1.00% 1.00% - -

5Account H includes 17,002,551 accumulation units issued in the merger of Account E into Account H on Dec. 13, 1985.
6Net of annual contract administrative charge and mortality and expense risk charge.
7Account N commenced operations on April 30, 1986.
history of each variable account.
</TABLE>

Financial statements

The SAI dated April 29, 1994, contains:

o complete audited financial statements of the variable accounts
including:
<PAGE>
PAGE 14
- statements of net assets as of Dec. 31, 1993;
- statements of operations for the year ended Dec. 31, 1993;
and
- statements of changes in net assets for the years ended
Dec. 31, 1993 and Dec. 31, 1992 (for Accounts IZ and
JZ, the period from Jan. 13, 1992 when they commenced
operations, to Dec. 31, 1992).

o complete audited financial statements for IDS Life including:
- consolidated balance sheets as of Dec. 31, 1993 and Dec.
31, 1992; and
- related consolidated statements of income and cash flows
for each of three years in the period ended Dec. 31, 1993.

Performance information

Performance information for the variable accounts may appear from
time to time in advertisements or sales literature. In all cases,
such information reflects the performance of a hypothetical
investment in a particular account during a particular time period.
Calculations are performed as follows:

Simple yield - Account H (investing in Moneyshare Fund): Income
over a given seven-day period (not counting any change in the
capital value of the investment) is annualized (multiplied by 52)
by assuming that the same income is received for 52 weeks. This
annual income is then stated as an annual percentage return on the
investment.

Compound yield - Account H: Calculated like simple yield, except
that, when annualized, the income is assumed to be reinvested.
Compounding of reinvested returns increases the yield as compared
to a simple yield.

Yield - all other accounts: Net investment income (income less
expenses) per accumulation unit during a given 30-day period is
divided by the value of the unit on the last day of the period.
The result is converted to an annual percentage.

Average annual total return: Expressed as an average annual
compounded rate of return of a hypothetical investment over a
period of one, five and 10 years (or up to the life of the account
if it is less than 10 years old). This figure reflects deduction
of all applicable charges, including the contract administrative
charge, mortality and expense risk fee and surrender charge,
assuming a surrender at the end of the illustrated period.
Optional total return quotations may be made that do not reflect a
surrender charge deduction (assuming no surrender).

Aggregate total return: Represents the cumulative change in value
of an investment for a given period (reflecting change in an
account's accumulation unit value). The calculation assumes
reinvestment of investment earnings. Aggregate total return may be
shown by means of schedules, charts or graphs.

<PAGE>
PAGE 15
Performance information should be considered in light of the
investment objectives and policies, characteristics and quality of
the fund in which the account invests, and the market conditions
during the given time period. Such information is not intended to
indicate future performance. Because advertised yields and total
return figures include all charges attributable to the annuity,
which has the effect of decreasing advertised performance, account
performance should not be compared to that of mutual funds that
sell their shares directly to the public. (See the SAI for a
further description of methods used to determine yield and total
return for the accounts.)

If you would like additional information about actual performance,
contact your financial planner.

The variable accounts

Purchase payments can be allocated to any or all of the variable
accounts that invest in shares of the following funds:

IDS Life Account Established

Aggressive Growth Fund JZ Sept. 20, 1991
International Equity Fund IZ Sept. 20, 1991
Capital Resource Fund F May 13, 1981
Managed Fund N April 12, 1985
Special Income Fund G May 13, 1981
Moneyshare Fund H May 13, 1981

Each variable account meets the definition of a separate account
under federal securities laws. Income, capital gains and capital
losses of each account are credited or charged to that account
alone. No variable account will be charged with liabilities of any
other account or of our general business.

All variable accounts were established under Minnesota law and are
registered together as a single unit investment trust under the
Investment Company Act of 1940 (the 1940 Act). This registration
does not involve any supervision of our management or investment
practices and policies by the SEC.

The funds

Aggressive Growth Fund
Objective: capital appreciation. Invests primarily in common stock
of small- and medium-size companies. The fund also may invest in
warrants or debt securities or in large well-established companies
when the portfolio manager believes such investments offer the best
opportunity for capital appreciation.

International Equity Fund
Objective: capital appreciation. Invests primarily in common stock
of foreign issuers and foreign securities convertible into common
stock. The fund also may invest in certain international bonds if
the portfolio manager believes they have a greater potential for
capital appreciation than equities.

<PAGE>
PAGE 16
Capital Resource Fund
Objective: capital appreciation. Invests primarily in U.S. common
stocks listed on national securities exchanges and other securities
convertible into common stock, diversified over many different
companies in a variety of industries.

Managed Fund
Objective: maximum total investment return. Invests primarily in
U.S. common stocks listed on national securities exchanges,
securities convertible into common stock, warrants, fixed income
securities (primarily high-quality corporate bonds) and money
market instruments. The fund invests in many different companies
in a variety of industries.

Special Income Fund
Objective: to provide a high level of current income while
conserving the value of the investment for the longest time period.
Invests primarily in high-quality, lower-risk corporate bonds
issued by many different companies in a variety of industries, and
in government bonds.

Moneyshare Fund
Objective: maximum current income consistent with liquidity and
conservation of capital. Invests in high-quality money market
securities with remaining maturities of 13 months or less. The
fund also will maintain a dollar-weighted average portfolio
maturity not exceeding 90 days. The fund attempts to maintain a
constant net asset value of $1 per share.

The Internal Revenue Service (IRS) has issued final regulations
relating to the diversification requirements under Section 817(h)
of the Code. Each mutual fund intends to comply with these
requirements.

The U.S. Treasury and the IRS have indicated they may provide
additional guidance concerning how many variable accounts may be
offered and how many exchanges among variable accounts may be
allowed before the owner is considered to have investment control,
and thus is currently taxed on income earned within variable
account assets. We do not know at this time what the additional
guidance will be or when action will be taken. We reserve the
right to modify the contract, as necessary, to ensure that the
owner will not be subject to current taxation as the owner of the
variable account assets.

We intend to comply with all federal tax laws to ensure that the
contract continues to qualify as an annuity for federal income tax
purposes. We reserve the right to modify the contract as necessary
to comply with any new tax laws.

We are the investment adviser for each of the funds. We cannot
guarantee that the funds will meet their investment objectives.
Please read the Retirement Annuity Mutual Fund prospectus for
complete information on investment risks, deductions, expenses and
other facts you should know before investing. It is available by
contacting IDS Life at the address or telephone number on the front
of this publication, or from your financial planner.
<PAGE>
PAGE 17
The fixed account

For the Combination Retirement Annuity contracts only.

Purchase payments can also be allocated to the fixed account. The
cash value of the fixed account increases as interest is credited
to the account. Purchase payments and transfers to the fixed
account become part of the general account of IDS Life, the
company's main portfolio of investments. Interest is credited
daily and compounded annually. We may change the interest rates
from time to time.

Because of exemptive and exclusionary provisions, interests in the
fixed account have not been registered under the Securities Act of
1933 (1933 Act), nor is the fixed account registered as an
investment company under the 1940 Act. Accordingly, neither the
fixed account nor any interests in it are generally subject to the
provisions of the 1933 or 1940 Acts, and we have been advised that
the staff of the SEC has not reviewed the disclosures in this
prospectus that relate to the fixed account. Disclosures regarding
the fixed account, however, may be subject to certain generally
applicable provisions of the federal securities laws relating to
the accuracy and completeness of statements made in prospectuses.

Buying your annuity

Your financial planner will help you prepare and submit your CRA
application (VRA is no longer being sold), and send it along with
your initial purchase payment to our Minneapolis office. As the
owner, you have all rights and may receive all benefits under the
contract. Annuities cannot be owned in joint tenancy.

When you apply, you can select:
o the account(s) in which you want to invest;
o how you want to make purchase payments;
o an annual purchase payment amount;
o the date you want to start receiving annuity payouts (the
retirement date); and
o a beneficiary.

If your application is complete, we will process it and apply your
purchase payment to your account(s) within two days after we
receive it. If your application is accepted, we will send you a
contract. If we cannot accept your application within five days,
we will decline it and return your payment. We will credit
additional purchase payments to your account(s) at the next close
of business.

Setting the retirement date

Annuity payouts will be scheduled to begin on the retirement date
you select. This date can be aligned with your actual retirement
from a job, or it can be a different future date, depending on your
needs and goals and on certain restrictions. You can also change
the date, provided you send us written instructions at least 30
days before annuity payouts begin.

<PAGE>
PAGE 18
For nonqualified annuities, the retirement date must be:

o no earlier than the 60th day after the contract's effective
date; and
o no later than the annuitant's 85th birthday.

For qualified annuities, to avoid IRS penalty taxes, the retirement
date generally must be:

o on or after the annuitant reaches age 59 1/2; and
o by April 1 of the year following the calendar year when the
annuitant reaches age 70 1/2.

Certain restrictions on retirement dates apply to participants in
the Texas Optional Retirement Program. (See "Special surrender
provisions".)

Beneficiary

If death benefits become payable before the retirement date, your
named beneficiary will receive all or part of the contract value.
If there is no named beneficiary, then you or your estate will be
the beneficiary. (See "Payment in case of death" for more about
beneficiaries.)

For the Variable Retirement Annuity

This is a single premium contract. Additional payments cannot be
made. This annuity is no longer being sold.

For the Combination Retirement Annuity

If installment payments:

$50 monthly; $23.08 biweekly

Installments must total $600 in the first year.*

*If you make no purchase payments for 24 months, and your previous
payments total $600 or less, we have the right to give you 30 days'
written notice and pay you the total value of your contract in a
lump sum. This right does not apply to contracts sold to New
Jersey residents.

Maximum payment(s)**

Nonqualified -
first year: $25,000
subsequent years: $50,000 excluding rollovers

Qualified - two times initial gross premium (subject to any IRS
limits)

**These limits apply in total to all IDS Life annuities you own.
We reserve the right to increase maximum limits or reduce age
limits. For qualified annuities the qualified plan's limits on
annual contributions also apply.
<PAGE>
PAGE 19
Participants in the Combination Retirement Annuity-Select
(University of Wisconsin TSA Plan) may buy the Combination
Retirement Annuity with installment payments of $200 to $25,000
annually.

Two ways to make purchase payments

1 By letter

Send your check along with your name and account number to:

Regular mail:

IDS Life Insurance Company
Box 74
Minneapolis, MN 55440-0074

Express mail:

IDS Life Insurance Company
733 Marquette Avenue
Minneapolis, MN 55402

2 By scheduled payment plan for CRA

Your financial planner can help you set up:

o an automatic payroll deduction, salary reduction, or other group
billing arrangement; or

o a bank authorization.

Charges

Contract administrative charge
This fee is for establishing and maintaining your records. We
deduct $20 annually from each VRA contract or $30 annually from
each CRA contract. This charge is deducted on each anniversary
date from the contract value at the end of each contract year.

If you surrender your contract, the charge will be deducted at the
time of surrender. The charge cannot be increased and does not
apply after annuity payouts begin.

Mortality and expense risk fee
This fee is to cover the mortality risk and expense risk and is
applied daily to the variable accounts and reflected in the unit
values of the accounts. Annually it totals 1% of their average
daily net assets. Approximately two-thirds of this amount is for
our assumption of mortality risk, and one-third is for our
assumption of expense risk. This fee does not apply to CRA's fixed
account.

Mortality risk arises because of our guarantee to make annuity
payouts according to the terms of the contract, no matter how long
a specific annuitant lives and no matter how long the entire group
of IDS Life annuitants live. If, as a group, IDS Life annuitants
<PAGE>
PAGE 20
outlive the life expectancy we have assumed in our actuarial
tables, then we must take money from our general assets to meet our
obligations. If, as a group, IDS Life annuitants do not live as
long as expected, we could profit from the mortality risk fee.

Expense risk arises because the contract administrative charge
cannot be increased and may not cover our expenses. Any deficit
would have to be made up from our general assets. We could profit
from the expense risk fee if the annual contract administrative
charge is more than sufficient to meet expenses.

We do not plan to profit from the contract administrative charge.
However, we hope to profit from the mortality and expense risk fee.
We may use any profits realized from this fee for any proper
corporate purpose, including, among others, payment of distribution
(selling) expenses. We do not expect that the surrender charge,
discussed in the following paragraphs, will cover sales and
distribution expenses.

Surrender charge
If you surrender part or all of your contract, you may be subject
to a surrender charge as follows:

Variable Retirement Annuity - A surrender charge applies if you
make a surrender in the first seven contract years.

Surrender charge as
percent of
amount surrendered Contract year
7% 1
6 2
5 3
4 4
3 5
2 6
1 7
0 After 7 years

The surrender charge is further limited so it will never exceed
8.5% of aggregate purchase payments made to the contract. After
the first contract year, you may surrender 10% of your purchase
payment each year without any surrender charge.

Combination Retirement Annuity - A surrender charge applies if you
surrender all or part of your annuity's value in the first 11
contract years.

Surrender charge as
percent of
amount surrendered Contract year
7% 1-5
6 6
5 7
4 8
3 9
2 10
1 11
0 After 11 years<PAGE>
PAGE 21
The surrender charge is further limited so that it will never
exceed 8.5% of aggregate purchase payments made to the contract.

Combination Retirement Annuity Select (University of Wisconsin TSA
participants only) - A surrender charge applies if you surrender
all or part of your annuity's value in the first eight contract
years.

Surrender charge as
percent of
amount surrendered Contract year
7% 1-3
6 4
5 5
4 6
3 7
2 8
0 After 8 years

The surrender charge is further limited so that it will never
exceed 8.5% of aggregate purchase payments made to the contract.

Combination Retirement Annuity (Conversion from IDS Retirement
Service, or other IDS Life retirement annuity under which
conversion is available) - A surrender charge applies if you
surrender all or part of your annuity's value in the first seven
contract years.

Surrender charge as
percent of
amount surrendered Contract year
6% 1
6 2
5 3
4 4
3 5
2 6
1 7
0 After 7 years

The surrender charge is further limited so that it will never
exceed 8.5% of aggregate purchase payments made to the contract.

All of the above charges are guaranteed not to increase during the
term of the contract.

Other information on charges: IDS makes certain custodial services
available to some custodial and trusteed pension and profit sharing
plans and 401(k) plans funded by IDS Life annuities. Fees for
these services start at $30 per calendar year per participant. A
termination fee for owners under 59 1/2 will be charged (fee waived
in case of death or disability).

Possible group reductions: In some cases (for example an employer
making the annuity available to employees) lower sales and
administrative expenses may be incurred due to the size of the
group, the average contribution and the use of group enrollment
<PAGE>
PAGE 22
procedures. In such cases, we may be able to reduce or eliminate
the contract administrative and surrender charges. However, we
expect this to occur infrequently.

Premium taxes
Certain state and local governments impose premium taxes that may
reach to 3.5%. These taxes are dependent upon the state of
residence or the state in which the contract was sold. In some
cases, premium taxes are deducted from your purchase payments
before they are allocated. In other cases, the deduction is made
when you surrender your contract or when annuity payouts begin.

Valuing your investment

Here is how your accounts are valued:

Fixed account for CRA: The amounts allocated to the fixed account
are valued directly in dollars and equal the sum of your purchase
payments, plus interest earned, less any amounts surrendered or
transferred.

Variable accounts: Amounts allocated to the variable accounts are
converted into accumulation units. Each time you make a purchase
payment or transfer amounts into one of the variable accounts, a
certain number of accumulation units are credited to your contract
for that account. Conversely, each time you take a partial
surrender, transfer amounts out of a variable account, or are
assessed a contract administrative charge, a certain number of
accumulation units are subtracted from your contract.

The accumulation units are the true measure of investment value in
each account during the accumulation period. They are related to,
but not the same as, the net asset value of the underlying fund.
The dollar value of each accumulation unit can rise or fall daily
depending on the performance of the underlying mutual fund and on
certain fund expenses. Here is how unit values are calculated:

Number of units
To calculate the number of accumulation units for a particular
account, we divide your investment, after deduction of any premium
taxes, by the current accumulation unit value.

Accumulation unit value
The current accumulation unit value for each variable account
equals the last value times the account's current net investment
factor.

Net investment factor
o Determined each business day by adding the underlying mutual
fund's current net asset value per share plus per-share amount
of any current dividend or capital gain distribution; then
o dividing that sum by the previous net asset value per share; and
o subtracting the percentage factor representing the mortality and
expense risk fee from the result.

<PAGE>
PAGE 23

Because the net asset value of the underlying mutual fund may
fluctuate, the accumulation unit value may increase or decrease.
You bear this investment risk in a variable account.

Factors that affect variable account accumulation units
Accumulation units may change in two ways; in number and in value.
Here are the factors that influence those changes:

The number of accumulation units you own may fluctuate due to:

o additional purchase payments allocated to the variable accounts;
o transfers into or out of the account(s);
o partial surrenders;
o surrender charges; and/or
o contract administrative charges.

Accumulation unit values may fluctuate due to:

o changes in underlying mutual fund(s) net asset value;
o dividends distributed to the variable account(s);
o capital gains or losses of underlying mutual funds;
o mutual fund operating expenses; and/or
o mortality and expense risk fees.

Making the most of your annuity

Automated dollar-cost averaging
You can use automated transfers to take advantage of dollar-cost
averaging (investing a fixed amount at regular intervals). For
example, you might have a set amount transferred monthly from a
relatively conservative variable account to a more aggressive one,
or to several others.

This systematic approach can help you benefit from fluctuations in
accumulation unit values caused by fluctuations in the market
value(s) of the underlying mutual fund(s). Since you invest the
same amount each period, you automatically acquire more units when
the market value falls, fewer units when it rises. The potential
effect is to lower your average cost per unit and increase your
long-term return. For specific features contact your financial
planner.

How dollar-cost averaging works

Amount Accumulation Number of units
Month invested unit value purchased

Jan $100 $20 5.00
Feb 100 16 6.25
Mar 100 9 11.11
Apr 100 5 20.00
May 100 7 14.29
June 100 10 10.00
July 100 15 6.67
Aug 100 20 5.00
Sept 100 17 5.88
Oct 100 12 8.33<PAGE>
PAGE 24
(footnotes to table) By investing an equal number of dollars each
month...

(arrow in table pointing to April) you automatically buy more units
when the per unit market price is low

(arrow in table pointing to August) and fewer units when the per
unit market price is high.

You have paid an average price of only $10.81 per unit over the 10
months, while the average market price actually was $13.10.

Dollar-cost averaging does not guarantee that any variable account
will gain in value, nor will it protect against a decline in value
if market prices fall. However, if you can continue to invest
regularly throughout changing market conditions, it can be an
effective strategy to help meet your long-term goals.

Transferring money between accounts
You may transfer money from any one account, including the fixed
account, to another before the annuity payouts begin. If we
receive your request before the close of business, we will process
it that day. Requests received after the close of business will be
processed the next business day. There is no charge for transfers.
Before making a transfer, you should consider the risks involved in
switching investments.

We may suspend or modify transfer privileges at any time. Certain
restrictions apply to transfers involving CRA's fixed account.
(For information on transfers after annuity payouts begin, see "The
annuity payout period.")

Transfer policies
You may transfer contract values between the variable accounts for
VRA or CRA, or from the variable account(s) to the fixed account
for CRA at any time.

For the Combination Retirement Annuity
o If you have made a transfer from CRA's fixed account to the
variable account(s), you may not make a transfer from any
variable account back to the fixed account until the next
contract anniversary.

o You may transfer contract values from the fixed account to the
variable account(s) once a year during a 31-day transfer period
starting on each contract anniversary, (except for automated
transfers, which can be set up for transfer periods of your
choosing subject to certain minimums.)

o If we receive your transfer request within 30 days before the
contract anniversary date, the transfer from the fixed account
to the variable account(s) will be effective on the anniversary.

o If we receive your request on or within 30 days after the
contract anniversary date, the transfer from the fixed account
to the variable account(s) will be effective on the day we
receive it.

<PAGE>
PAGE 25
o We will not accept requests for transfers from the fixed account
at any other time.

o No transfers may be made to or from the fixed account once
annuity payouts begin.

Three ways to request a transfer or a surrender

1 By letter

Send your name, account number, Social Security Number or Taxpayer
Identification Number and signed request for a transfer or
surrender to:

Regular mail:
IDS Life Insurance Company
IDS Tower 10
Minneapolis, MN 55440-0010

Express mail:
IDS Life Insurance Company
733 Marquette Avenue
Minneapolis MN 55402

Minimum amount
Mail transfers: $250 or entire account balance
Mail surrenders: none

Maximum amount
Mail transfers: None (up to contract value)
Mail surrenders: None (up to contract value)

2 By phone

Call between 7 a.m. and 6 p.m. Central time:

1-800-437-0602 (toll free) or
(612) 671-4738 (Minneapolis/St. Paul area)

TTY service for the hearing impaired:

1-800-285-8846 (toll free)

Minimum amount
Phone transfers: $250 or entire account balance
Phone surrenders: $100

Maximum amount
Phone transfers: None (up to contract value)
Phone surrenders: $50,000

We answer phone requests promptly, but you may experience delays
when the call volume is unusually high. If you are unable to get
through, use the mail procedure as an alternative.

<PAGE>
PAGE 26

We will honor any telephone transfer or surrender request
believed to be authentic and will use reasonable procedures to
confirm that they are. This includes asking identifying
questions and tape recording calls. A telephone surrender request
will be allowed within 30 days of a phoned-in address change. As
long as the procedures are followed, neither IDS Life nor its
affiliates will be liable for any loss resulting from fraudulent
requests.

Telephone transfers or surrenders are automatically available. You
may request that telephone transfers or surrenders not be
authorized from your account by writing IDS Life.

3 By automated transfers and automated partial surrenders

Your financial planner can help you set up automated transfers
among your accounts or partial surrenders from the accounts.

You can start or stop this service by written request or other
method acceptable to IDS Life. You must allow 30 days for IDS Life
to change any instructions that are currently in place.

o Automated transfers from CRA's fixed to variable account(s) may
not exceed an amount that, if continued, would deplete the fixed
account within 12 months.

o Automated transfers and automated partial surrenders are subject
to all of the contract provisions and terms, including transfer
of contract values between accounts. Automated surrenders may
be restricted by applicable law under some contracts.

o You may not make additional purchase payments if automated
partial surrenders are in effect.

o Automated partial surrenders may result in IRS taxes and
penalties on all or part of the amount surrendered.

Minimum amount
Automated transfers or surrenders: $50

Maximum amount
Automated transfers or surrenders: None (except for automated
transfers from CRA's fixed
account)

Surrendering your contract

As owner, you may surrender all or part of your contract at any
time before annuity payouts begin by sending a written request or
calling IDS Life. For total surrenders we will compute the value
of your contract at the close of business after we receive your
request. We may ask you to return the contract. You may have to
pay surrender charges (see "Surrender charge") and IRS taxes and
penalties (see "Taxes"). No surrenders may be made after annuity
payouts begin.

<PAGE>
PAGE 27
Surrender policies
If you have a balance in more than one account and request a
partial surrender, we will withdraw money from all your accounts in
the same proportion as your value in each account correlates to
your total contract value, unless you request otherwise.

Receiving payment when you request a surrender

By regular or express mail:

o Payable to owner.

o Normally mailed to address of record within seven days after
receiving your request. However, we may postpone the payment
if:
-the surrender amount includes a purchase payment check that
has not cleared;
-the NYSE is closed, except for normal holiday and weekend
closings;
-trading on the NYSE is restricted, according to SEC rules;
-an emergency, as defined by SEC rules, makes it impractical
to sell securities or value the net assets of the accounts;
or
-the SEC permits us to delay payment for the protection of
security holders.

TSA-special surrender provisions

Participants in Tax-Sheltered Annuities: The Code imposes certain
restrictions on your right as owner to receive early distributions
from a TSA:

o Distributions attributable to salary reduction contributions
made after Dec. 31, 1988, plus the earnings on them, or to
transfers or rollovers of such amounts from other contracts, may
be made from the TSA only if:
-you have attained age 59 1/2;
-you have become disabled as defined in the Code;
-you have separated from the service of the employer who
purchased the annuity; or
-the distribution is made to your beneficiary because of your
death.

o If you encounter a financial hardship (within the meaning of the
Code), you may receive a distribution of all contract values
attributable to salary reduction contributions made after Dec.
31, 1988, but not the earnings on them.

o Even though a distribution may be permitted under the above
rules, it still may be subject to IRS taxes and penalties. (See
"Taxes.")

o The above restrictions on the right to receive a distribution do
not affect the availability of the amount credited to the
contract as of Dec. 31, 1988. The restrictions do not apply to
<PAGE>
PAGE 28
transfers or exchanges of contract value within the annuity, or
to another registered variable annuity contract or investment
vehicle available through the employer.

o If the contract has a loan provision, the right to receive a
loan from your fixed account continues to exist and is described
in detail in your contract. You may borrow from the contract
value allocated to the fixed account.

o For certain types of contributions under a TSA contract to be
excluded from taxable income, the employer must comply with
certain nondiscrimination requirements. You should consult your
employer to determine whether the nondiscrimination rules apply
to you.

Participants in the Texas Optional Retirement Program: You cannot
receive any distribution before retirement unless you become
totally disabled or end your employment at a Texas college or
university. This restriction affects your right to:
o surrender all or part of your annuity at any time; and
o move up your retirement date.

If you are in the program for only one year, the portion of the
purchase payments made by the state of Texas will be refunded to
the state with no surrender charge. These restrictions are based
on an opinion of the Texas Attorney General interpreting Texas law.

Changing ownership

You may change ownership of your nonqualified annuity at any time
by filing a change of ownership with us at our Minneapolis office.
The change will become binding upon us when we receive and record
it. We take no responsibility for the validity of the change.

If you have a nonqualified annuity, you may lose your tax
advantages by transferring, assigning or pledging any part of it.
(See "Taxes.")

If you have a qualified annuity, you may not sell, assign,
transfer, discount or pledge your contract as collateral for a
loan, or as security for the performance of an obligation or for
any other purpose to any person except IDS Life. However, if the
owner is a trust or custodian, or an employer acting in a similar
capacity, ownership of a contract may be transferred to the
annuitant.

Benefits in case of death

If you or the annuitant dies (or, for qualified annuities, if the
annuitant dies) before annuity payouts begin, we will pay the
beneficiary as follows:

If death occurs before the annuitant's 75th birthday, the
beneficiary receives the greater of:
o the contract value; or
o purchase payments, minus any surrenders.
<PAGE>
PAGE 29
If death occurs on or after the annuitant's 75th birthday, the
beneficiary receives the contract value.

If your spouse is sole beneficiary under a nonqualified annuity and
you die before the retirement date, your spouse may keep the
annuity as owner. To do this your spouse must, within 60 days
after we receive proof of death, give us written instructions to
keep the contract in force.

Under a qualified annuity, if the annuitant dies before reaching
age 70 1/2 and before the retirement date, and the spouse is the
only beneficiary, the spouse may keep the annuity in force until
the date on which the annuitant would have reached age 70 1/2. To
do this, the spouse must give us written instructions within 60
days after we receive proof of death.

Payments: We will pay the beneficiary in a single sum unless you
have given us other written instructions, or the beneficiary may
receive payouts under any annuity payout plan available under this
contract if:
o the beneficiary asks us in writing within 60 days after we
receive proof of death;
o payouts begin no later than one year after death; and
o the payout period does not extend beyond the beneficiary's life
or life expectancy.

When paying the beneficiary, we will determine the contract's value
at the next close of business after our death claim requirements
are fulfilled. Interest, if any, will be paid from the date of
death at a rate no less than required by law. We will mail payment
to the beneficiary within seven days after our death claim
requirements are fulfilled. (See "Taxes.")

The annuity payout period

As owner of the contract, you have the right to decide how and to
whom annuity payouts will be made starting at the retirement date.
You may select one of the annuity payout plans outlined below, or
we will mutually agree on other payout arrangements. The amount
available for payouts under the plan you select is the contract
value on your retirement date. No surrender charges are deducted
under the payout plans listed below.

You also decide whether annuity payouts are to be made on a fixed
or variable basis, or a combination of fixed and variable. Amounts
of fixed and variable payouts depend on:
o the annuity payout plan you select;
o the annuitant's age and, in most cases, sex;
o the annuity table in the contract;
o the amounts you allocated to the account(s) at settlement.

In addition, for variable payouts only, amounts depend on the
investment performance of the account(s) you select. These payouts
will vary from month to month because the performance of the
underlying mutual funds will fluctuate. (In the case of fixed
annuities, payouts remain the same from month to month.)
<PAGE>
PAGE 30
Annuity payout plans

You may choose any one of these annuity payout plans by giving us
written instructions at least 30 days before contract values are to
be used to purchase the payout plan:

o Plan A - Life annuity - no refund: Monthly payouts are made
until the annuitant's death. Payouts end with the last payout
before the annuitant's death; no further payouts will be made.
This means that if the annuitant dies after only one monthly payout
has been made, no more payouts will be made.

o Plan B - Life annuity with five, 10 or 15 years certain: Monthly
payouts are made for a guaranteed payout period of five, 10 or 15
years that the annuitant elects. This election will determine the
length of the payout period to the beneficiary if the annuitant
should die before the elected period has expired. The guaranteed
payout period is calculated from the retirement date. If the
annuitant outlives the elected guaranteed payout period, payouts
will continue until the annuitant's death.

o Plan C - Life annuity - installment refund: Monthly payouts are
made until the annuitant's death, with our guarantee that payouts
will continue for some period of time. Payouts will be made for at
least the number of months determined by dividing the amount
applied under this option by the first monthly payout, whether or
not the annuitant is living.

o Plan D - Joint and last survivor life annuity - no refund:
Monthly payouts are made to the annuitant and a joint annuitant
while both are living. If either annuitant dies, monthly payouts
continue at the full amount until the death of the surviving
annuitant. Payouts end with the death of the second annuitant.

o Plan E - Payouts for a specified period (available as a fixed
payout only): Monthly payouts are made for a specific payout
period of 10 to 30 years chosen by the annuitant. Payouts will be
made only for the number of years specified whether the annuitant
is living or not. Depending on the time period selected, it is
foreseeable that an annuitant can outlive the payout period
selected. In addition, a 10% IRS penalty tax could apply under
this payout plan. (See "Taxes.")

Retrictions for some qualified plans: If you purchased a qualified
annuity, you must select a payout plan that provides for payouts:

o over the life of the annuitant;
o over the joint lives of the annuitant and a designated
beneficiary;
o for a period not exceeding the life expectancy of the
annuitant; or
o for a period not exceeding the joint life expectancies
of the annuitant and a designated beneficiary.

<PAGE>
PAGE 31
If we do not receive instructions: You must give us written
instructions for the annuity payouts at least 30 days before the
annuitant's retirement date. If you do not, we will make payouts
under Plan B, with 120 monthly payouts guaranteed.

If monthly payouts would be less than $20: We will calculate the
amount of monthly payouts at the time the contract value is used to
purchase a payout plan. If the calculations show that monthly
payouts would be less than $20, we have the right to pay the
contract value to the owner in a lump sum.

Death after annuity payouts begin

If you or the annuitant dies after annuity payouts begin, any
amount payable to the beneficiary will be provided in the annuity
payout plan in effect.

Transfers between accounts after annuity payouts begin
After the annuity payouts begin, you may transfer the value of your
annuity from one variable account to another once each contract
year. You must send us written instructions to do this. We will
make the transfer at the next close of business after we receive
your instructions.

Taxes

Generally, under current law, any increase in your contract value
is taxable to you only when you receive a payout or surrender.
(See detailed discussion below.) Any portion of the annuity
payouts and any surrenders you request that represent ordinary
income are normally taxable. You will receive a 1099 tax
information form for any year in which a taxable distribution was
made.

Annuity payouts under nonqualified annuities: A portion of each
payout will be ordinary income and subject to tax, and a portion of
each payout will be considered a return of part of your investment
and will not be taxed. All amounts received after your investment
in the annuity is fully recovered will be subject to tax.

Tax law requires that all nonqualified deferred annuity contracts
issued by the same company to the same owner during a calendar year
are to be taxed as a single, unified contract when distributions
are taken from any one of such contracts.

Annuity payouts under qualified annuities: Under a qualified
annuity, the entire payout generally will be includable as ordinary
income and subject to tax except to the extent that contributions
were made with after-tax dollars. If you or your employer invested
in your contract with pre-tax dollars as part of a qualified
retirement plan, such amounts are not considered to be part of your
investment in the contract and will be taxed when paid to you.

Surrenders: If you surrender part or all of your contract before
your annuity payouts begin, your surrender payment will be taxed to
the extent that the value of your contract immediately before the
surrender exceeds your investment. You also may have to pay a 10%
<PAGE>
PAGE 32
IRS penalty for surrenders before reaching age 59 1/2. For
qualified annuities, other penalties may apply if you surrender
your annuity before your plan specifies that you can receive
payouts.

Death benefits to beneficiaries: The death benefit under an
annuity is not tax-exempt. Any amount received by the beneficiary
that represents previously deferred earnings within the contract,
is taxable as ordinary income to the beneficiary in the year(s) he
or she receives the payments.

Annuities owned by corporations, partnerships or trusts: Any
annual increase in the value of annuities held by such entities
generally will be treated as ordinary income received during that
year. This provision is effective for purchase payments made after
Feb. 28, 1986. However, if the trust was set up for the benefit of
a natural person only, the income will continue to be tax-deferred.

Penalties: If you receive amounts from your contract before
reaching age 59 1/2, you may have to pay a 10% IRS penalty on the
amount includable in your ordinary income. However, this penalty
will not apply to any amount received by you or your beneficiary:
o because of your death;
o because you become disabled (as defined in the Code);
o if the distribution is part of a series of substantially equal
periodic payments, made at least annually, over your life or
life expectancy (or joint lives or life expectancies of you and
your beneficiary); or
o if it is allocable to an investment before Aug. 14, 1982 (except
for qualified annuities).

For a qualified annuity, other penalties or exceptions may apply if
you surrender your annuity before your plan specifies that payouts
can be made.

Withholding, generally: If you receive all or part of the contract
value from an annuity, withholding may be imposed against the
taxable income portion of the payment. Any withholding that is
done represents a prepayment of your tax due for the year. You
take credit for such amounts on the annual tax return that you
file.

If the payout is part of an annuity payout plan, the amount of
withholding generally is computed using payroll tables. You can
provide us with a statement of how many exemptions to use in
calculating the withholding. As long as you've provided us with a
valid Social Security Number or Taxpayer Identification Number, you
can elect not to have any withholding occur.

If the distribution is any other type of payment (such as a partial
or full surrender) withholding is computed using 10% of the taxable
portion. Similar to above, as long as you've provided us with a
valid Social Security number or Taxpayer Identification number, you
can elect not to have this withholding occur.

<PAGE>
PAGE 33

Some states also impose withholding requirements similar to the
federal withholding described above. If this should be the case,
any payment from which federal withholding is deducted may also
have state withholding deducted. The withholding requirements may
differ if payment is being made to a non-U.S. citizen or if the
payment is being delivered outside the United States.

Withholding from qualified annuities: If you receive directly all
or part of the contract value from a qualified annuity (except an
IRA), mandatory 20% income tax withholding generally will be
imposed at the time the payment is made. This mandatory
withholding is in place of the elective withholding discussed
above. This mandatory withholding will not be imposed if:
o instead of receiving the distribution check, you elect to have
the distribution rolled over directly to an IRA or another
eligible plan;
o the payment is one in a series of substantially equal periodic
payouts, made at least annually, over your life or life
expectancy (or the joint lives or life expectancies of you and
your designated beneficiary) or over a specified period of 10
years or
more; or
o the payment is a minimum distribution required under the Code.

Payments made to a surviving spouse instead of being directly
rolled over to an IRA may also be subject to mandatory 20% income
tax withholding.

State withholding also may be imposed on taxable distributions.

Transfer of ownership of a nonqualified annuity: If you make such
a transfer without receiving adequate consideration, the transfer
is considered a gift, and also may be considered a surrender for
federal income tax purposes. If the gift is a currently taxable
event, the amount of deferred earnings at the time of the transfer
will be taxed to the original owner, who also may be subject to a
10% IRS penalty as discussed earlier. In this case, the new
owner's investment in the annuity will be the value of the annuity
at the time of the transfer.

Collateral assignment of a nonqualified annuity: If you
collaterally assign or pledge your contract, earnings on purchase
payments you made after Aug. 13, 1982 will be taxed to you like a
surrender.

Important: Our discussion of federal tax laws is based upon our
understanding of these laws as they are currently interpreted.
Federal tax laws or current interpretations of them may change.
For this reason and because tax consequences are complex and highly
individual and cannot always be anticipated, you should consult a
tax adviser if you have any questions about taxation of your
contract.

Tax Qualifications
The contract is intended to qualify as an annuity for federal
income tax purposes. To that end, the provisions of the contract
are to be interpreted to ensure or maintain such tax qualification,<PAGE>
PAGE 34
not withstanding any other provisions of the contract. We reserve
the right to amend the contract to reflect any clarifications that
may be needed or are appropriate to maintain such qualification or
to conform the contract to any applicable changes in the tax
qualification requirements. We will send you a copy of any such
amendments.

Voting rights

As a contract owner with investments in the variable account(s),
you may vote on important mutual fund policies until annuity
payouts begin. Once they begin, the person receiving them has
voting rights. We will vote fund shares according to the
instructions of the person with voting rights.

Before annuity payouts begin, the number of votes you have is
determined by applying your percentage interest in each variable
account to the total number of votes allowed to the account.

After annuity payouts begin, the number of votes you have is equal
to:

o the reserve held in each account for your contract, divided by
o the net asset value of one share of the applicable underlying
mutual fund.

As we make annuity payouts, the reserve for the contract decreases;
therefore, the number of votes also will decrease.

We calculate votes separately for each account not more than 60
days before a shareholders' meeting. Notice of these meetings,
proxy materials and a statement of the number of votes to which the
voter is entitled, will be sent.

We will vote shares for which we have not received instructions in
the same proportion as the votes for which we have received
instructions. We also will vote the shares for which we have
voting rights in the same proportion as the votes for which we have
received instructions.

About IDS Life

The Variable Retirement Annuity and the Combination Retirement
Annuity are issued by IDS Life, a wholly owned subsidiary of IDS,
which itself is a wholly owned subsidiary of the American Express
Company (American Express), a financial services company
headquartered in New York City.

IDS Life is a stock life insurance company organized in 1957 under
the laws of the State of Minnesota and located at IDS Tower 10,
Minneapolis, MN 55440-0010. IDS Life conducts a conventional life
insurance business in the District of Columbia and all states
except New York.

The IDS family of companies offers not only insurance and
annuities, but also mutual funds, investment certificates and a
broad range of financial management services.

<PAGE>
PAGE 35

As a subsidiary of IDS, IDS Life is part of a 100-year tradition of
excellent service and responsible financial management. Today, the
IDS group of companies owns or manages assets of more than $100
billion.

IDS Financial Services Inc., serves individuals and businesses
through its nationwide network of more than 175 offices and more
than 7,600 planners.

Other subsidiaries provide investment management and related
services for pension, profit-sharing, employee savings and
endowment funds of businesses and institutions.

Regular and special reports

Services

To help you track and evaluate the performance of your annuity, IDS
Life provides:

Quarterly statements showing the value of your investment.

Annual reports containing required information on the annuity and
its underlying investments.

A personalized annuity progress report detailing the cumulative
return since the contract was purchased and the average annual rate
of return on your investments. This report, which is unique in the
industry, is available upon request from your financial planner.

Table of contents of the Statement of Additional Information

Performance information........................ 3
Calculating annuity payouts.................... 5
Rating agencies................................ 7
Principal underwriter.......................... 8
Independent auditors........................... 8
Prospectus..................................... 8
Financial statements -
IDS Life Accounts F, IZ, JZ, G, H and N............ 9
IDS Life Insurance Company......................... 17

___________________________________________________________________
Please check the appropriate box to receive a copy of the Statement
of Additional Information for:

_____ IDS Life Variable Retirement and Combination Retirement
Annuities

_____ IDS Life Retirement Annuity Mutual Funds

Please return this request to:

IDS Life Insurance Company
IDS Tower 10
Minneapolis, MN 55440-0010
<PAGE>
PAGE 36
Your name _______________________________________________________

Address _________________________________________________________

City ______________________ State ______________ Zip ___________

<PAGE>
PAGE 37

STATEMENT OF ADDITIONAL INFORMATION

for

VARIABLE AND COMBINATION RETIREMENT ANNUITIES

IDS LIFE ACCOUNTS F, IZ, JZ, G, H AND N

April 29, 1994

IDS Life Accounts F, IZ, JZ, G, H and N are separate accounts
established and maintained by IDS Life Insurance Company (IDS
Life).

This Statement of Additional Information, dated April 29, 1994, is
not a prospectus. It should be read together with the Accounts'
prospectus, dated April 29, 1994, which may be obtained from your
IDS financial planner, or by writing or calling IDS Life at the
address or telephone number below.

IDS Life Insurance Company
P10/199
P.O. Box 74
Minneapolis, MN 55440-0074
612-671-3131
<PAGE>
PAGE 38
TABLE OF CONTENTS

Performance Information.......................................p. 3

Calculating Annuity Payouts...................................p. 5

Rating Agencies...............................................p. 7

Principal Underwriter.........................................p. 8

Independent Auditors..........................................p. 8

Prospectus....................................................p. 8

Financial Statements
- IDS Life Accounts F, IZ, JZ, G, H and N...........p. 9
- IDS Life Insurance Company........................p.17

<PAGE>
PAGE 39
PERFORMANCE INFORMATION

Calculation of yield for Account H

IDS Life Account H, which invests in IDS Life Moneyshare Fund,
Inc., calculates an annualized simple yield and a compound yield
based on a seven-day period.

The simple yield is calculated by determining the net change in the
value of a hypothetical account having the balance of one
accumulation unit at the beginning of the seven-day period. (The
net change does not include capital change, but does include a pro
rata share of the annual contract charges, including the annual
contract administrative charge and the mortality and expense risk
fee.) The net change in the account value is divided by the value
of the account at the beginning of the period to obtain the return
for the period. That return is then multiplied by 365/7 to obtain
an annualized figure. The value of the hypothetical account
includes the amount of any declared dividends, the value of any
shares purchased with any dividend paid during the period and any
dividends declared for such shares. The variable account's
(account) yield does not include any realized or unrealized gains
or losses, nor does it include the effect of any applicable
surrender charge.

The account calculates its compound yield according to the
following formula:

365/7
Compound Yield = [(return for seven-day period +1) ] - 1

On Dec. 31, 1993, the account's annualized yield was 1.91% and its
compound yield was 1.93%.

The rate of return, or yield, on the account's accumulation unit
may fluctuate daily and does not provide a basis for determining
future yields. Investors must consider, when comparing an
investment in Account H with fixed annuities, that fixed annuities
often provide an agreed-to or guaranteed fixed yield for a stated
period of time, whereas the variable account's yield fluctuates.
In comparing the yield of Account H to a money market fund, you
should consider the different services that the annuity provides.

Calculation of yield for non-money market accounts

For an account other than the money market account, quotations of
yield will be based on all investment income earned during a
particular 30-day period, less expenses accrued during the period
(net investment income) and will be computed by dividing net
investment income per accumulation unit by the value of an
accumulation unit on the last day of the period, according to the
following formula:

YIELD = 2[(a-b + 1)6 - 1]
cd
<PAGE>
PAGE 40
where: a = dividends and investment income earned during the
period.
b = expenses accrued for the period (net of
reimbursements).
c = the average daily number of accumulation units
outstanding during the period that were entitled to
receive dividends.
d = the maximum offering price per accumulation unit on
the last day of the period.

Yield on the account is earned from the increase in the net asset
value of shares of the fund in which the account invests and from
dividends declared and paid by the fund, which are automatically
invested in shares of the fund.

Calculation of average annual total return

Quotations of average annual total return for an account will be
expressed in terms of the average annual compounded rate of return
of a hypothetical investment in the annuity contract over a period
of one, five and 10 years (or, if less, up to the life of the
account), calculated according to the following formula:

P(1+T)n = ERV

where: P = a hypothetical initial payment of $1,000.
T = average annual total return.
n = number of years.
ERV = Ending Redeemable Value of a hypothetical $1,000
payment made at the beginning of the one, five,
or ten year (or other) period at the end of the
one, five, or ten year (or other) period (or
fractional portion thereof).

Account total return figures reflect the deduction of the contract
administrative charge and mortality and expense risk fee.
Performance figures will be shown with the deduction of the
applicable surrender charge; in addition, performance figures may
be shown without the deduction of a surrender charge. The
Securities and Exchange Commission requires that an assumption be
made that the contract owner surrenders the entire contract at the
end of the one, five and ten year periods (or, if less, up to the
life of the account) for which performance is required to be
calculated.

Aggregate total return

Aggregate total return represents the cumulative change in the net
asset value of shares of the fund in which the account invests over
a specified period of time and is computed by the following
formula:

ERV - P
P
<PAGE>
PAGE 41
where: P = a hypothetical initial payment of $1,000.
ERV = Ending Redeemable Value of a hypothetical $1,000
payment made at the beginning of the one, five,
or ten year (or other) period at the end of the
one, five, or ten year (or other) period (or
fractional portion thereof).

Performance of the accounts may be quoted or compared to rankings,
yields, or returns as published or prepared by independent rating
or statistical services or publishers or publications such as The
Bank Rate Monitor National Index, Barron's, Business Week,
Donoghue's Money Market Fund Report, Financial Services Week,
Financial Times, Financial World, Forbes, Fortune, Global Investor,
Institutional Investor, Investor's Daily, Kiplinger's Personal
Finance, Lipper Analytical Services, Money, Mutual Fund Forecaster,
Newsweek, The New York Times, Personal Investor, Stanger Report,
Sylvia Porter's Personal Finance, USA Today, U.S. News and World
Report, The Wall Street Journal and Wiesenberger Investment
Companies Service.

CALCULATING ANNUITY PAYOUTS

The Variable Account

The following calculations are done separately for each of the
variable accounts. The separate monthly payouts, added together,
make up your total variable annuity payout.

Initial Payout: To compute your first monthly payment, we:
o determine the dollar value of your annuity as of the valuation
date seven days before the retirement date and then deduct any
applicable premium tax.

o apply the result to the annuity table contained in the contract
or another table at least as favorable. The annuity table shows
the amount of the first monthly payment for each $1,000 of value
which depends on factors built into the table, as described below.

Annuity Units: The value of your account is then converted to
annuity units. To compute the number credited to you, we divide
the first monthly payment by the annuity unit value (see below) on
the valuation date on (or next day preceding) the seventh calendar
day before the retirement date. The number of units in your
account is fixed. The value of the units fluctuate with the
performance of the underlying mutual fund.

Subsequent Payouts: To compute later payouts, we multiply:
o the annuity unit value on the valuation date on or immediately
preceding the seventh calendar day before the payout is due; by
o the fixed number of annuity units credited to you.

<PAGE>
PAGE 42
Annuity Table: The table shows the amount of the first monthly
payment for each $1,000 of contract value according to the age and,
when applicable, the sex of the annuitant. (Where required by law,
we will use a unisex table of settlement rates.) The table assumes
that the contract value is invested at the beginning of the annuity
payout period and earns a 5% rate of return, which is reinvested
and helps to support future payouts.

Substitution of 3.5% Table: If you ask us at least 30 days before
the retirement date, we will substitute an annuity table based on
an assumed 3.5% investment rate for the 5% table in the contract.
The assumed investment rate affects both the amount of the first
payout and the extent to which subsequent payouts increase or
decrease. Using the 5% table results in a higher initial payment,
but later payouts will increase more slowly when annuity unit
values are rising and decrease more rapidly when they are
declining.

Annuity Unit Values: This value was originally set at $1 for each
variable account. To calculate later values we multiply the last
annuity value by the product of:
o the net investment factor; and
o the neutralizing factor. The purpose of the neutralizing factor
is to offset the effect of the assumed investment rate built into
the annuity table. With an assumed investment rate of 5%, the
neutralizing factor is 0.999866 for a one day valuation period.

Net Investment Factor:
o Determined each business day by adding the underlying mutual
fund's current net asset value per share plus per share amount of
any current dividend or capital gain distribution; then
o dividing that sum by the previous net asset value per share; and
o subtracting the percentage factor representing the mortality and
expense risk fee from the result.

Because the net asset value of the underlying mutual fund may
fluctuate, the net investment factor may be greater or less than
one, and the accumulation unit value may increase or decrease. You
bear this investment risk in a variable account.

The Fixed Account

Your fixed annuity payout amounts are guaranteed. Once calculated,
your payout will remain the same and never change. To calculate
your annuity payouts we:

o take the value of your fixed account at the retirement date or
the date you have selected to begin receiving your annuity payouts;
then
o using an annuity table we apply the value according to the
annuity payout plan you select; and
o the annuity payout table we use will be the one in effect at the
time you choose to begin your annuity payouts. The table will be
equal to or greater than the table in your contract.

<PAGE>
PAGE 43
RATING AGENCIES

The following chart provides information on the relevance of
ratings* given to IDS Life by independent rating agencies that
evaluate the financial soundness of insurance companies. IDS Life
has one of the most liquid and highest quality balance sheets of
the largest insurance companies in the industry.**

Rating Agency Rating Relevance of Rating
A.M. Best A+ Reflects A.M. Best's opinion
(Superior) regarding IDS Life's strong
distribution network, favorable
overall balance sheet profile,
consistently improving
profitability, adequate level of
capitalization and asset liability
management expertise.

Duff & Phelps AAA Reflects Duff & Phelps' opinion
regarding IDS Life's consistently
excellent profitability record,
stable operating leverage,
leadership position in chosen
markets and effective use of
asset/liability management
techniques.

Moody's Aa2 Reflects Moody's opinion regarding
IDS Life's leadership position in
financial planning, strong
asset/liability management and
good capitalization. IDS Life has
a strong market focus, and it
greatly emphasizes quality
service.

A.M. Best rates over 1,600 insurance companies on a 15 level scale
with letters ranging from A++ to F to "NA" ratings based on a
company's financial strength and claim paying ability.

Duff & Phelps rates over 125 companies for claims-paying ability
with 19 rating categories from AAA to CCC-.

Moody's rates over 80 companies for financial strength with 19
rating categories ranging from Aaa to C.

* Ratings relate to IDS Life's ability to fulfill its obligations
under its contracts and not to the management or performance of the
separate accounts.

** Measured by comparing the 15 largest life insurance companies'
investments in below investment grade (junk) bonds, mortgages and
real estate as a percentage of those companies' total assets.

<PAGE>
PAGE 44
PRINCIPAL UNDERWRITER

The principal underwriter for the accounts is IDS Life which offers
the variable annuities on a continuous basis.

Surrender charges received by IDS Life for 1993, 1992 and 1991,
aggregated $4,408,562, $3,648,836 and $3,264,084, respectively.
Commissions paid by IDS Life for 1993, 1992 and 1991, aggregated
$16,783,495, $10,334,092 and $5,205,239, respectively. The
surrender charges were applied toward payment of commissions.

INDEPENDENT AUDITORS

The Financial Statements of the accounts and of IDS Life appearing
in this Statement of Additional Information have been audited by
Ernst & Young, independent auditors, 1400 Pillsbury Center,
Minneapolis, MN 55402, to the extent indicated in their reports.
Ernst & Young are experts in accounting and auditing.

PROSPECTUS

The prospectus dated April 29, 1994, is hereby incorporated in this
Statement of Additional Information by reference.

<PAGE>
PAGE 45

Annual Financial Information

Report of Independent Auditors
The Board of Directors IDS Life Insurance Company

We have audited the accompanying individual and combined statements
of net assets of IDS Life Accounts F, IZ, JZ, G, H and N as of
December 31, 1993, and the related statements of operations for the
year then ended, and the statements of changes in net assets for
each of the two years in the period then ended except for IDS Life
Accounts IZ and JZ which are for the period January 13, 1992
(commencement of operations) to December 31, 1993. These financial
statements are the responsibility of the management of IDS Life
Insurance Company. Our responsibility is to express an opinion on
these financial statements based on our audits.

We conducted our audits in accordance with generally accepted
auditing standards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. Our
procedures included confirmation by the underlying affiliated
mutual funds of securities owned at December 31, 1993. An audit
also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present
fairly, in all material respects, the individual and combined
financial position of IDS Life Accounts F, IZ, JZ, G, H and N at
December 31, 1993, and the individual and combined results of their
operations and changes in their net assets for the periods
described in the first paragraph, in conformity with generally
accepted accounting principles.

ERNST & YOUNG
Minneapolis, Minnesota
March 18, 1994
<PAGE>
PAGE 46
<TABLE>
<CAPTION>
Statements of Net Assets Dec. 31, 1993
Combined
Segregated Asset Account Retirement
Assets F IZ JZ G H N Annuity
<S> <C> <C> <C> <C> <C> <C> <C>
Investments in shares of mutual funds, at market value:
IDS Life Capital
Resource Fund --
94,837,426 shares at
net asset value of
$25.43 per share (cost
$1,991,400,812)........$2,411,267,719 $ -- $ -- $ -- $ -- $ -- $2,411,267,719
IDS Life International
Equity Fund --
41,509,370 shares at
net asset value of
$12.57 per share (cost
$461,031,235).......... -- 521,910,962 -- -- -- -- 521,910,962
IDS Life Aggressive
Growth Fund, --
34,278,328 shares at
net asset value of
$12.29 per share (cost
$368,702,502).......... -- -- 421,606,329 -- -- -- 421,606,329
IDS Life Special Income
Fund, -- 135,075,730
shares at net asset
value of $11.99 per share
(cost $1,523,131,704).. -- -- -- 1,619,234,023 -- -- 1,619,234,023
IDS Life Moneyshare
Fund, Inc. --
158,870,219 shares at
net asset value of
$1.00 per share
(cost $158,857,627).... -- -- -- -- 158,857,816 -- 158,857,816
IDS Life Managed Fund,
Inc. -- 138,944,946
shares at net asset
value of $14.46 per
share (cost
$1,754,012,931)........ -- -- -- -- -- 2,009,505,150 2,009,505,150
2,411,267,719 521,910,962 421,606,329 1,619,234,023 158,857,816 2,009,505,150 7,142,381,999
Dividends receivable... -- -- -- 9,126,110 366,846 -- 9,492,956
Accounts receivable
from IDS Life for
contract purchase
payments............... 1,521,330 2,089,111 1,456,511 2,879,798 482,090 2,241,108 10,669,948
Receivable from mutual
funds for share
redemptions............ 136,660 9,372 4,216 286,798 294,805 290 732,141
Total assets........... 2,412,925,709 524,009,445 423,067,056 1,631,526,729 160,001,557 2,011,746,548 7,163,277,044
Liabilities
Payable to IDS Life for:
Mortality and expense
risk fee............... 2,033,249 417,035 341,862 1,358,210 133,998 1,679,007 5,963,361
Contract terminations.. 136,660 9,372 4,216 286,798 294,805 290 732,141
Payable to mutual funds
for investments
purchased.............. 1,521,330 2,089,111 1,456,511 10,647,698 714,938 2,241,108 18,670,696
Total liabilities...... 3,691,239 2,515,518 1,802,589 12,292,706 1,143,741 3,920,405 25,366,198
Net assets applicable to
contracts in
accumulation period.... 2,406,633,155 521,347,188 420,534,021 1,618,401,149 158,648,082 2,007,151,790 7,132,715,385
Net assets applicable
to contracts in payment
period (Note 5)........ 2,601,315 146,739 730,446 832,874 209,734 674,353 5,195,461
Total net assets.......$2,409,234,470 $521,493,927 $421,264,467 $1,619,234,023 $158,857,816 $2,007,826,143 $7,137,910,846
Accumulation units
outstanding............ 488,632,295 405,535,877 347,336,270 405,428,501 74,934,517 910,254,254
Net asset value per
accumulation unit...... $4.93 $1.29 $1.21 $3.99 $2.12 $2.21

See accompanying notes to financial statements.
</TABLE>
<PAGE>
PAGE 47
<TABLE>
<CAPTION>
Statements of Operations Year ended Dec. 31, 1993

Combined
Segregated Asset Account Retirement
Investment income: F IZ JZ G H N Annuity
<S> <C> <C> <C> <C> <C> <C> <C>
Dividend income from
mutual funds............ $126,032,695 $ 7,728,149 $ 461,885 $ 99,351,189 $ 4,794,084 $ 99,239,239 $337,607,241
Mortality and expense
risk fee (Note 3)....... 21,195,575 2,231,776 2,497,382 13,940,846 1,817,471 16,469,332 58,152,382
Investment income
(loss) -- net........... 104,837,120 5,496,373 (2,035,497) 85,410,343 2,976,613 82,769,907 279,454,859

Realized and Unrealized Gain (Loss) on Investments -- net
Realized gain (loss)
on sales of investments
in mutual funds:
Proceeds from sales..... 10,418,477 173,462 73,718 33,166,404 70,623,484 -- 114,455,545
Cost of investments
sold.................... 8,691,756 173,891 64,577 31,429,796 70,623,127 -- 110,983,147
Net realized gain (loss)
on investments.......... 1,726,721 (429) 9,141 1,736,608 357 -- 3,472,398
Net change in unrealized
appreciation or
depreciation of
investments............. (37,650,583) 61,178,701 39,404,999 95,406,120 (1,023) 87,484,868 245,823,082
Net gain (loss) on
investments............. (35,923,862) 61,178,272 39,414,140 97,142,728 (666) 87,484,868 249,295,480
Net increase from
operations.............. $ 68,913,258 $66,674,645 $37,378,643 $182,553,071 $ 2,975,947 $170,254,775 $528,750,339

See accompanying notes to financial statements.
</TABLE>
<PAGE>
PAGE 48
<TABLE>
<CAPTION>
Statements of Changes in Net Assets Year ended Dec.31, 1993

Combined
Segregated Asset Account Retirement
Operations F IZ JZ G H N Annuity
<S> <C> <C> <C> <C> <C> <C> <C>
Investment income
(loss) -- net...........$ 104,837,120 $ 5,496,373 ($ 2,035,497) $ 85,410,343 $ 2,976,613 $ 82,769,907 $ 279,454,859
Net realized gain
(loss) on investments... 1,726,721 (429) 9,141 1,736,608 357 -- 3,472,398
Net change in unrealized
appreciation or
depreciation of
investments............. (37,650,583) 61,178,701 39,404,999 95,406,120 (1,023) 87,484,868 245,823,082
Net increase from
operations.............. 68,913,258 66,674,645 37,378,643 182,553,071 2,975,947 170,254,775 528,750,339

Contract Transactions
Variable annuity
contract purchase
payments................ 330,981,853 160,547,955 124,277,716 466,011,798 70,267,853 382,661,419 1,534,748,594
Net transfers*.......... 134,056,694 229,679,989 139,206,625 (129,912,208) (116,421,311) 210,725,612 467,335,401
Loan repayments......... 4,553,364 434,912 549,319 1,585,070 340,014 2,550,478 10,013,157
Annuity payments........ (125,502) (2,998) (26,439) (49,683) (15,350) (57,871) (277,843)
Contract charges
(Note 3)................ (3,519,430) (315,610) (441,927) (1,727,247) (232,943) (2,388,727) (8,625,884)
Contract terminations:
Surrender benefits...... (58,637,955) (3,483,175) (4,541,055) (39,415,894) (10,201,392) (39,703,861) (155,983,332)
Death benefits.......... (7,598,094) (382,391) (510,497) (7,426,206) (1,132,267) (6,836,999) (23,886,454)
Increase (decrease) from
contract transactions... 399,710,930 386,478,682 258,513,742 289,065,630 (57,395,396) 546,950,051 1,823,323,639
Net assets at beginning
of year................. 1,940,610,282 68,340,600 125,372,082 1,147,615,322 213,277,265 1,290,621,317 4,785,836,868
Net assets at end of
year....................$2,409,234,470 $521,493,927 $ 421,264,467 $1,619,234,023 $158,857,816 $2,007,826,143 $7,137,910,846

Accumulation Unit Activity
Units outstanding at
beginning of year....... 402,977,447 69,874,129 115,574,391 330,000,476 102,276,956 650,797,089
Contract purchase
payments................ 71,151,021 139,260,645 111,983,807 122,331,094 33,585,205 182,420,082
Net transfers*.......... 28,700,204 200,006,390 124,582,489 (34,086,653) (55,447,607) 100,014,180
Transfers for policy
loans................... 974,940 383,588 495,860 417,082 161,745 1,213,283
Contract charges........ (762,431) (278,873) (401,877) (460,280) (112,836) (1,148,105)
Contract terminations:
Surrender benefits...... (12,665,962) (3,361,172) (4,418,007) (10,711,698) (4,976,299) (19,632,960)
Death benefits.......... (1,742,924) (348,830) (480,393) (2,061,520) (552,647) (3,409,315)
Units outstanding at end
of year................. 488,632,295 405,535,877 347,336,270 405,428,501 74,934,517 910,254,254
*Includes transfer activity from (to) other Accounts and transfers (from) to IDS Life for conversion from (to) Fixed Account.

See accompanying notes to financial statements.
</TABLE>
<PAGE>
PAGE 49
<TABLE>
<CAPTION>
Statements of Changes in Net Assets Year ended Dec. 31, 1992

Combined
Segregated Asset Account Retirement
Operations F IZ** JZ** G H N Annuity
<S> <C> <C> <C> <C> <C> <C> <C>
Investment income
(loss) -- net...........$ 62,121,933 $ 363,607 $ (404,603) $ 71,053,958 $ 5,419,237 $ 70,542,812 $ 209,096,944
Net realized gain (loss)
on investments.......... 820,127 (1,614) 15,318 13,778 319 51,381 899,309
Net change in unrealized
appreciation or
depreciation of
investments............. 8,102,003 (298,974) 13,498,828 9,615,183 (320) 6,686,625 37,603,345
Net increase from
operations.............. 71,044,063 63,019 13,109,543 80,682,919 5,419,236 77,280,818 247,599,598

Contract Transactions
Variable annuity
contract purchase
payments................ 301,729,494 32,417,536 52,979,790 300,743,943 94,833,237 228,843,086 1,011,547,086
Net transfers*.......... 165,276,623 36,140,728 59,837,347 (70,686,134) (132,238,987) 90,701,414 149,030,991
Loan repayments......... 3,643,321 127,993 181,808 1,412,858 310,334 1,951,613 7,627,927
Annuity payments........ (83,723) (667) (9,057) (34,133) (16,308) (29,245) (173,133)
Contract charges
(Note 3)................ (2,983,949) (49,441) (99,259) (1,503,657) (323,814) (1,837,345) (6,797,465)
Contract terminations:
Surrender benefits...... (41,098,551) (316,740) (536,353) (26,626,047) (11,245,662) (26,555,646) (106,378,999)
Death benefits.......... (5,237,503) (41,828) (91,737) (6,755,704) (1,434,225) (4,665,355) (18,226,352)
Increase (decrease) from
contract transactions... 421,245,712 68,277,581 112,262,539 196,551,126 (50,115,425) 288,408,522 1,036,630,055
Net assets at beginning
of period............... 1,448,320,507 -- -- 870,381,277 257,973,454 924,931,977 3,501,607,215
Net assets at end of
period..................$1,940,610,282 $68,340,600 $125,372,082 $1,147,615,322 $213,277,265 $1,290,621,317 $4,785,836,868

Accumulation Unit Activity
Units outstanding at
beginning of period..... 309,984,128 -- -- 270,858,142 126,489,114 496,554,222
Contract purchase
payments................ 66,980,300 33,247,637 54,874,829 90,369,007 46,320,252 123,004,274
Net transfers*.......... 36,426,995 36,980,682 61,605,435 (20,790,672) (64,055,536) 48,304,655
Transfers for policy
loans................... 808,337 131,312 192,301 422,608 150,122 1,044,642
Contract charges........ (669,013) (51,414) (105,232) (456,724) (159,690) (995,835)
Contract terminations:
Surrender benefits...... (9,296,411) (390,634) (899,463) (8,320,218) (5,695,771) (14,383,004)
Death benefits.......... (1,256,889) (43,454) (93,479) (2,081,667) (771,535) (2,731,865)
Units outstanding at end
of period............... 402,977,447 69,874,129 115,574,391 330,000,476 102,276,956 650,797,089
*Includes transfer activity from (to) other Accounts and transfers (from) to IDS Life for conversion from (to) Fixed Account.
**For the period from Jan. 13, 1992 (commencement of operations) to Dec. 31, 1992.

See accompanying notes to financial statements.
</TABLE>
<PAGE>
PAGE 50
Notes to Financial Statements
___________________________________________________________________
1. Organization

IDS Life Accounts F, G, H and N were established as segregated
asset accounts of IDS Life Insurance Company (IDS Life) under
Minnesota law and are registered collectively as a single unit
investment trust under the Investment Company Act of 1940.
Accounts F, G and H were established on May 13, 1981. Account N
was established on April 22, 1985 and commenced operations on April
30, 1986. Accounts IZ and JZ were established as segregated asset
accounts on Sept. 20, 1991 and commenced operations on Jan. 13,
1992. IDS Life Accounts F, IZ, JZ, G, H and N are collectively
referred to as "the Accounts."

The assets of each Account are held for the exclusive benefit of
the Retirement Annuity contract owners and are not chargeable with
liabilities arising out of the business conducted by any other
Account or by IDS Life. Contract owners allocate their variable
purchase payments to one or more of the six segregated asset
accounts. Such funds are then invested in shares of six mutual
funds organized by IDS Life as the investment vehicles for variable
annuity contracts issued by IDS Life and by IDS Life Insurance
Company of New York.

IDS Life Capital Resource Fund, Inc., IDS Life Special Income Fund,
Inc. and IDS Life Moneyshare Fund, Inc. commenced operations Oct.
13, 1981. IDS Life Managed Fund, Inc. commenced operations April
30, 1986. These mutual funds are registered under the Investment
Company Act of 1940 as diversified, open-end management investment
companies. Funds allocated to IDS Life Account F are invested in
the shares of IDS Life Capital Resource Fund; IDS Life Account IZ
invests in the shares of IDS Life International Equity Fund; IDS
Life Account JZ invests in the shares of IDS Life Aggressive Growth
Fund; IDS Life Account G invests in the shares of IDS Life Special
Income Fund, Inc.; IDS Life Account H invests in the shares of IDS
Life Moneyshare Fund, Inc. and IDS Life Account N invests in the
shares of IDS Life Managed Fund, Inc.

IDS Life serves as manager, investment adviser and distributor for
the Accounts and the underlying six mutual funds.
___________________________________________________________________
2. Summary of Significant Accounting Policies

Investments in Mutual Funds
Investments in shares of the mutual funds are stated at market
value, which is the net asset value per share as determined by the
respective funds. Investment transactions are accounted for on the
date the shares are purchased and sold. The cost of investments
sold and redeemed is determined on the average cost method.
Dividend distributions received from the mutual funds are
reinvested, net of any expenses payable to IDS Life, in additional
shares of the mutual funds and are recorded as income by the
Accounts on the ex-dividend date.
<PAGE>
PAGE 51
___________________________________________________________________
2. Summary of Significant Accounting Policies (continued)

Unrealized appreciation or depreciation of investments in the
accompanying financial statements represents the Accounts' share of
the mutual funds' undistributed net investment income,
undistributed realized gain or loss and the unrealized appreciation
or depreciation on their investment securities.

Federal Income Taxes
IDS Life is taxed as a life insurance company. The Accounts are
treated as part of IDS Life for federal income tax purposes. Under
existing tax law, no income taxes are payable with respect to any
income of the Accounts.

___________________________________________________________________
3. Mortality and Expense Risk Fee and Contract Charges

IDS Life makes contractual assurances to the Accounts that possible
future adverse changes in administrative expenses and mortality
experience of the annuitants and beneficiaries will not affect the
Accounts. The mortality and expense risk fee paid to IDS Life is
computed daily and is equal, on an annual basis, to 1 percent of
the average daily net assets of the Accounts.

An annual charge of $20 is deducted from the contract value of each
Variable Retirement Annuity contract. An annual charge of $30 is
deducted from the contract value of each Combination Retirement
Annuity contract. An annual charge of $500 is deducted from the
contract value of each Group Variable Annuity contract. An annual
charge of $30 is deducted from the certificate value of each
Employee Benefit Annuity certificate. A quarterly charge of $6 is
deducted from the contract value of each Flexible Annuity contract.
The annual charges are deducted at contract year end and the
quarterly charges are deducted at contract quarter end, during the
accumulation period, for administrative services provided to the
Accounts by IDS Life.

A contingent deferred sales charge (surrender charge or withdrawal
charge) will be imposed upon:

a) certain Variable Retirement Annuity contract surrenders during
the first seven years,
b) Combination Retirement Annuity contract surrenders during the
first seven, eight or eleven years, depending on type of
contract,
c) Group Variable Annuity contract withdrawals during the first
seven years,
d) Employee Benefit Annuity certificate surrenders during the first
eleven years, and
e) Flexible Annuity contract surrenders of amounts other than those
representing earnings or those representing purchase payments
more than six years old.
<PAGE>
PAGE 52
___________________________________________________________________
3. Mortality and Expense Risk Fee and Contract Charges (continued)

Charges by IDS Life for surrenders are not available on an
individual segregated asset account basis. Charges for all
segregated asset accounts amounted to $4,408,562 in 1993 and
$3,649,836 in 1992. Such charges are not an expense of the
Accounts. They are deducted from contract surrender benefits paid
by IDS Life.

___________________________________________________________________
4. Investment Transactions

The Accounts' purchases of mutual fund shares (net of charges),
including reinvestment of dividend distributions, were as follows:
<TABLE>
<CAPTION>
Year Ended Dec. 31,
Account Investment 1993 1992
<S> <C> <C> <C>
F IDS Life Capital Resource Fund..................... $ 515,379,012 $ 487,014,194
IZ IDS Life International Equity Fund................. 392,511,644 68,879,537
JZ IDS Life Aggressive Growth Fund.................... 256,797,588 112,268,445
G IDS Life Special Income Fund....................... 407,642,377 291,204,744
H IDS Life Moneyshare Fund, Inc...................... 16,204,701 38,649,028
N IDS Life Managed Fund, Inc......................... 630,321,175 359,605,519
$2,218,856,497 $1,357,621,467
</TABLE>

___________________________________________________________________
5. Annuity Contracts in Payment Period

Net assets and annuity units relating to contracts in the payment
period as of Dec. 31, 1993, are as follows:
<TABLE>
<CAPTION>
F IZ JZ G H N
<S> <C> <C> <C> <C> <C> <C>
Net assets applicable to contracts
in payment period................... $2,601,315 $146,739 $730,446 $832,874 $209,734 $674,353
Annuity units in payment period..... 7,448 225 1,880 3,943 1,106 3,856
</TABLE>
<PAGE>
PAGE 53
Annual Financial Information

Report of Independent Auditors

The Board of Directors
IDS Life Insurance Company

We have audited the accompanying consolidated balance sheets of IDS
Life Insurance Company (a wholly owned subsidiary of IDS Financial
Corporation) as of December 31, 1993 and 1992, and the related
consolidated statement of income and cash flows for each of the
three years in the period ended December 31, 1993. These financial
statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial
statements based on our audits.

We conducted our audits in accordance with generally accepted
auditing standards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present
fairly, in all material respects, the consolidated financial
position of IDS Life Insurance Company at December 31, 1993 and
1992, and the consolidated results of its operations and its cash
flows for each of the three years in the period ended December 31,
1993, in conformity with generally accepted accounting principles.

ERNST & YOUNG
Minneapolis, Minnesota
February 3, 1994
<PAGE>
PAGE 54
IDS Life Financial Information

The Financial statements shown below are those of the insurance
company and not those of the Funds or the Accounts. They are
included in the prospectus for the purpose of informing investors
as to the financial condition of the insurance company and its
ability to carry out its obligations under the variable annuity
contracts.

IDS Life Insurance Company
<TABLE>
<CAPTION>
Consolidated Balance Sheets Dec. 31, 1993 Dec. 31, 1992
Assets (Thousands)
______________________________________________________________________________________________________________________________
<S> <C> <C>
Investments:
Fixed maturities (Fair value: 1993, $20,425,979; 1992, $17,896,374) $19,392,424 $17,185,879
Mortgage loans on real estate (Fair value: 1993, $2,125,686; 1992, $1,785,970) 2,055,450 1,688,490
Policy loans 350,501 320,016
Other investments 56,307 51,955
______________________________________________________________________________________________________________________________
Total investments 21,854,682 19,246,340
______________________________________________________________________________________________________________________________
Cash and cash equivalents 146,281 73,563
Receivables:
Reinsurance 55,298 -
Amounts due from brokers 5,719 20,202
Other accounts receivable 21,459 20,095
Premiums due 1,329 1,361
______________________________________________________________________________________________________________________________
Total receivables 83,805 41,658
______________________________________________________________________________________________________________________________
Accrued investment income 307,177 285,120
Deferred policy acquisition costs 1,652,384 1,440,875
Other assets 21,730 18,672
Assets held in segregated asset accounts, primarily common stocks at market 8,991,694 6,189,545
______________________________________________________________________________________________________________________________
Total assets $33,057,753 $27,295,773
______________________________________________________________________________________________________________________________
Liabilities and Stockholder's Equity
______________________________________________________________________________________________________________________________
Liabilities:
Fixed annuities - future policy benefits $18,492,135 $16,342,419
Universal life-type insurance - future policy benefits 2,753,455 2,567,687
Traditional life-type insurance - future policy benefits 210,205 210,886
Disability income, health and long-term care insurance - future policy benefits 185,272 104,896
Policy claims and other policyholders' funds 44,516 49,899
Deferred federal income taxes 43,620 87,913
Amounts due to brokers 351,486 258,654
Other liabilities 292,024 235,509
Liabilities related to segregated asset accounts 8,991,694 6,189,545
______________________________________________________________________________________________________________________________
Total liabilities 31,364,407 26,047,408
______________________________________________________________________________________________________________________________
Stockholder's equity:
Capital stock, $30 per value per share; 100,000 shares authorized, issued and outstanding 3,000 3,000
Additional paid-in capital 222,000 22,000
Net unrealized appreciation on equity securities 114 214
Retained earnings 1,468,232 1,223,151
______________________________________________________________________________________________________________________________
Total stockholder's equity 1,693,346 1,248,365
______________________________________________________________________________________________________________________________
Total liabilities and stockholder's equity $33,057,753 $27,295,773
Commitments and contingencies (Note 6)
______________________________________________________________________________________________________________________________

See accompanying notes to consolidated financial statements.
</TABLE>
<PAGE>
PAGE 55
<TABLE>
<CAPTION>
Consolidated Statements of Income Years ended Dec. 31,
1993 1992 1991
(Thousands)
__________________________________________________________________________________________________________________________________
<S> <C> <C> <C>
Revenues:
Premiums:
Traditional life insurance $ 48,137 $ 49,719 $ 49,706
Disability income and long-term care insurance 79,108 64,660 52,632
__________________________________________________________________________________________________________________________________
127,245 114,379 102,338
Policyholder and contractholder charges 184,205 156,368 137,202
Management and other fees 120,139 84,591 61,142
Net investment income 1,783,219 1,616,821 1,422,866
Net loss on investments (6,737) (3,710) (5,837)
__________________________________________________________________________________________________________________________________
Total revenues 2,208,071 1,968,449 1,717,711
__________________________________________________________________________________________________________________________________
Benefits and expenses:
Death and other benefits - traditional life insurance 32,136 34,139 30,170
Death and other benefits - universal life-type insurance
and investment contracts 49,692 42,174 38,529
Death and other benefits - disability income, health and
long-term care insurance 13,148 10,701 8,242
Increase (decrease) in liabilities for future policy benefits -
traditional life insurance (4,513) (5,788) (6,425)
Increase (decrease) in liabilities for future policy benefits -
disability income, health and long-term care insurance 32,528 27,172 19,700
Interest credited on universal life-type insurance and investment contracts 1,218,647 1,188,379 1,098,281
Amortization of deferred policy acquisition costs 211,733 140,159 116,078
Other insurance and operating expenses 241,974 215,692 153,669
__________________________________________________________________________________________________________________________________
Total benefits and expenses 1,795,345 1,652,628 1,458,244
__________________________________________________________________________________________________________________________________
Income before income taxes 412,726 315,821 259,467
Income taxes 142,647 104,651 77,430
__________________________________________________________________________________________________________________________________
Net income $ 270,079 $ 211,170 $ 182,037
__________________________________________________________________________________________________________________________________

See accompanying notes to consolidated financial statements.
</TABLE>
<PAGE>
PAGE 56
<TABLE>
<CAPTION>
Consolidated Statements of Cash Flows Years ended Dec. 31,
1993 1992 1991
(Thousands)
__________________________________________________________________________________________________________________________________
<S> <C> <C> <C>
Cash flows from operating activities:
Net income $ 270,079 $ 211,170 $ 182,037
Adjustments to reconcile net income to net cash provided by operating activities:
Issuance - policy loans, excluding universal life-type insurance (35,886) (32,881) (29,309)
Repayment - policy loans, excluding universal life-type insurance 29,557 26,750 19,928
Change in reinsurance receivable (55,298) - -
Change in other accounts receivable (1,364) (4,772) (1,558)
Change in accrued investment income (22,057) (15,853) (26,022)
Change in deferred policy acquisition costs, net (211,509) (229,252) (175,442)
Change in liabilities for future policy benefits for traditional life, disability
income, health and long-term care insurance 79,695 21,384 13,275
Change in policy claims and other policyholders' funds (5,383) (1,347) 11,801
Change in deferred federal income taxes (44,237) (30,385) (29,207)
Change in other liabilities 56,515 88,997 45,323
Amortization of premium (accretion of discount), net (27,438) (4,289) 19,726
Net loss on investments 6,737 3,710 5,837
Premiums related to universal life-type insurance 397,883 312,621 264,504
Surrenders and death benefits related to universal life-type insurance (255,133) (166,162) (109,307)
Interest credited to account balances related to universal life-type insurance 156,885 161,873 160,585
Policyholder and contractholder charges, non-cash (115,140) (100,975) (96,211)
Other, net (1,907) (10,647) 2,258
__________________________________________________________________________________________________________________________________
Net cash provided by operating activities $ 221,999 $ 229,942 $ 258,218
__________________________________________________________________________________________________________________________________
Cash flows from investing activities:
Acquisition of investments, excluding policy loans $(7,102,546) $(7,001,348) $(5,518,481)
Maturities, sinking fund payments and calls of investments, excluding policy loans 3,931,819 2,700,479 838,589
Sale of investments, excluding policy loans 613,571 1,073,950 2,274,401
Change in amounts due from brokers 14,483 289,335 (134,312)
Change in amounts due to brokers 92,832 42,182 72,382
__________________________________________________________________________________________________________________________________
Net cash used in investing activities (2,449,841) (2,895,402) (2,467,421)
__________________________________________________________________________________________________________________________________
Cash flows from financing activities:
Considerations received related to investment contracts 2,843,668 2,821,069 2,316,333
Surrenders and death benefits related to investment contracts (1,765,869) (1,168,633) (871,808)
Interest credited to account balances related to investment contracts 1,071,917 1,026,506 937,696
Issuance - universal life-type insurance policy loans (70,304) (72,007) (76,010)
Repayment - universal life-type insurance policy loans 46,148 40,351 31,860
Capital contribution from parent 200,000 - -
Cash dividend to parent (25,000) (20,000) (20,000)
__________________________________________________________________________________________________________________________________
Net cash provided by financing activities 2,300,560 2,627,286 2,318,071
__________________________________________________________________________________________________________________________________
Net increase (decrease) in cash and cash equivalents 72,718 (38,174) 108,868
Cash and cash equivalents at beginning of year 73,563 111,737 2,869
__________________________________________________________________________________________________________________________________
Cash and cash equivalents at end of year $ 146,281 $ 73,563 $ 111,737
__________________________________________________________________________________________________________________________________

See accompanying notes to consolidated financial statements.
</TABLE>
<PAGE>
PAGE 57
Notes to Consolidated Financial Statements ($ Thousands)
Dec. 31, 1993, 1992, 1991

1. Summary of significant accounting policies

Nature of business
IDS Life Insurance Company (the Company) is engaged in the
insurance and annuity business. The Company sells various forms of
fixed and variable individual life insurance, group life insurance,
individual and group disability income insurance, long-term care
insurance, and single and installment premium fixed and variable
annuities.

Basis of presentation
The Company is a wholly owned subsidiary of IDS Financial
Corporation (IDS), which is a wholly owned subsidiary of American
Express Company. The accompanying consolidated financial
statements include the accounts of the Company and its wholly owned
subsidiaries, IDS Life Insurance Company of New York and American
Enterprise Life Insurance Company. All material intercompany
accounts and transactions have been eliminated in consolidation.

The accompanying consolidated financial statements have been
prepared in conformity with generally accepted accounting
principles which vary in certain respects from reporting practices
prescribed or permitted by state insurance regulatory authorities.
Also, the consolidated financial statements are presented on a
historical cost basis without adjustment of the net assets
attributable to the 1984 acquisition of IDS by American Express
Company.

Investments
Investments in fixed maturities are carried at cost, adjusted where
appropriate for amortization of premiums and accretion of
discounts. Mortgage loans on real estate are carried principally
at the unpaid principal balances of the related loans. Policy
loans are carried at the aggregate of the unpaid loan balances
which do not exceed the cash surrender values of the related
policies. Other investments include interest rate caps, real
estate and equity securities. When evidence indicates a decline,
which is other than temporary, in the underlying value or earning
power of individual investments, such investments are written down
to the estimated realizable value by a charge to income. Equity
securities are carried at market value and the related net
unrealized appreciation or depreciation is reported as a credit or
charge to stockholder's equity.

The Company has the ability and the intent to recover the costs of
these investments by holding them for the forseeable future. The
ability to hold investments to scheduled maturity dates is
dependent on, among other things, annuity contract owners
maintaining their annuity contracts in force.

<PAGE>
PAGE 58
1. Summary of significant accounting policies (continued)

The Company will implement, effective January 1, 1994, Statement of
Financial Accounting Standards No. 115, "Accounting for Certain
Investments in Debt and Equity Securities." Under the new rules,
debt securities that the Company has both the positive intent and
ability to hold to maturity will be carried at amortized cost.
Debt securities that the Company does not have the positive intent
and ability to hold to maturity and all marketable equity
securities will be classified as available-for-sale and carried at
fair value. Unrealized gains and losses on securites classified as
available-for-sale will be carried as a separate component of
stockholder's equity. The effect of the new rules will be to
increase stockholder's equity by approximately $181 million, net of
taxes, as of January 1, 1994, but the new rules will have no
material impact on the Company's results of operations.

Realized investment gain or loss is determined on an identified
cost basis.

Interest rate cap contracts are purchased to reduce the Company's
exposure to rising interest rates which would increase the cost of
future policy benefits for interest sensitive products. Costs
are amortized over the lives of the agreements and benefits are
recognized when realized.

Prepayments are anticipated on certain investments in
mortgage-backed securities in determining the constant effective
yield used to recognize interest income. Prepayment estimates
are based on information received from brokers who deal in
mortgage-backed securities.

Statement of cash flows
The Company considers investments with a maturity at the date of
their acquisition of three months or less to be cash equivalents.
These securities are carried principally at amortized cost which
approximates fair value.

Supplementary information to the consolidated statement of cash
flows for the years ended Dec. 31 is summarized as follows:

1993 1992 1991
Cash paid during the year for:
Income taxes $188,204 $140,445 $111,809
Interest on borrowings 2,661 1,265 108

Recognition of profits on annuity contracts and insurance policies
The Company issues single premium deferred annuity contracts that
provide for a service fee (surrender charge) at annually decreasing
rates upon withdrawal of the annuity accumulation value by the
contract owner. No sales fee is deducted from the contract
considerations received on these contracts ("no load" annuities).
Single premium deferred annuities issued prior to 1980 had a sales
<PAGE>
PAGE 59
1. Summary of significant accounting policies (continued)

fee and no surrender charge. All of the Company's single premium
deferred annuity contracts provide for crediting the contract
owners' accumulations at specified rates of interest. Such rates
are revised by the Company from time to time based on changes in
the market investment yield rates for fixed-income securities.

Profits on single premium deferred annuities and installment
annuities are recognized by the Company over the lives of the
contracts and represent the excess of investment income earned
from investment of contract considerations over interest credited
to contract owners and other expenses.

The retrospective deposit method is used in accounting for
universal life-type insurance. This method recognizes profits over
the lives of the policies in proportion to the estimated gross
profits expected to be realized.

Premiums on traditional life, disability income, health and
long-term care insurance policies are recognized as revenue when
collected or due, and related benefits and expenses are associated
with premium revenue in a manner that results in recognition of
profits over the lives of the insurance policies. This association
is accomplished by means of the provision for future policy
benefits and the deferral and subsequent amortization of policy
acquisition costs.

Deferred policy acquisition costs
The costs of acquiring new business, principally sales
compensation, policy issue costs, underwriting and certain sales
expenses, have been deferred on insurance and annuity contracts.
The deferred acquisition costs for single premium deferred
annuities and installment annuities are amortized based upon
surrender charge revenue and a portion of the excess of investment
income earned from investment of the contract considerations over
the interest credited to contract owners. The costs for universal
life-type insurance are amortized over the lives of the policies as
a percentage of the estimated gross profits expected to be
realized on the policies. For traditional life, disability income,
health and long-term care insurance policies, the costs are
amortized over an appropriate period in proportion to premium
revenue.

Liabilities for future policy benefits
Liabilities for universal life-type insurance, single premium
deferred annuities and installment annuities are accumulation
values.

Liabilities for fixed annuities in a benefit status are based on
the Progressive Annuity Table with interest at 5 percent, the 1971
Individual Annuity Table with interest at 7 percent or 8.25
percent, or the 1983a Table with various interest rates ranging
from 5.5 percent to 9.5 percent, depending on year of issue.

<PAGE>
PAGE 60
1. Summary of significant accounting policies (continued)

Liabilities for future benefits on traditional life insurance have
been computed principally by the net level premium method, based on
anticipated rates of mortality (approximating the 1965-1970 Select
and Ultimate Basic Table for policies issued after 1980 and the
1955-1960 Select and Ultimate Basic Table for policies issued prior
to 1981), policy persistency derived from Company experience data
(first year rates ranging from approximately 70 percent to 90
percent and increasing rates thereafter), and estimated future
investment yields of 4 percent for policies issued before 1974 and
5.25 percent for policies issued from 1974 to 1980. Cash value
plans issued in 1980 and later assume future investment rates that
grade from 9.5 percent to 5 percent over 20 years. Term insurance
issued from 1981 to 1984 assumes an 8 percent level investment rate
and term insurance issued after 1984 assumes investment rates that
grade from 10 percent to 6 percent over 20 years.

Liabilities for future disability income policy benefits have been
computed principally by the net level premium method, based on the
1964 Commissioners Disability Table with the 1958 Commissioners
Standard Ordinary Mortality Table at 3 percent interest for 1980
and prior, 8 percent interest for persons disabled from 1981 to
1991 and 6 percent interest for persons disabled after 1991.

Liabilities for future benefits on long-term care insurance have
been computed principally by the net level premium method, using
morbidity rates based on the 1985 National Nursing Home Survey and
mortality rates based on the 1983a Table. The interest rate basis
is 9.5 percent grading to 7 percent over ten years for policies
issued from 1989 to 1992, 7.75 percent grading to 7 percent over
four years for policies issued after 1992, 8 percent for claims
incurred in 1989 to 1991 and 6 percent for claims incurred after
1991.

At Dec. 31, 1993 and 1992, the carrying amount and fair value of
fixed annuities future policy benefits, after excluding life
insurance-related contracts carried at $913,127 and $834,909, were
$17,579,008 and $15,507,510, and $16,881,747 and $14,867,066,
respectively. The fair value is net of policy loans of $59,132 and
$51,394 at Dec. 31, 1993 and 1992, respectively. The fair value of
these benefits is based on the status of the annuities at Dec. 31,
1993 and 1992. The fair value of deferred annuities is estimated
as the carrying amount less any surrender charges and related
loans. The fair value for annuities in non-life contingent payout
status is estimated as the present value of projected benefit
payments at the rate appropriate for contracts issued in 1993 and
1992.

Reinsurance
The maximum amount of life insurance risk retained by the Company
on any one life is $750 of life and waiver of premium benefits plus
$50 of accidental death benefits. The maximum amount of disability
income risk retained by the Company on any one life is $6 of
<PAGE>
PAGE 61
1. Summary of significant accounting policies (continued)

monthly benefit for benefit periods longer than three years. The
excesses are reinsured with other life insurance companies on a
yearly renewable term basis. Graded premium whole life policies
and long term care are primarily reinsured on a coinsurance basis.

In 1993 the Company adopted Statement of Financial Accounting
Standards (SFAS) No. 113, "Accounting and Reporting for Reinsurance
of Short-Duration and Long-Duration Contracts." Under SFAS No.
113, amounts paid or deemed to have been paid for reinsurance
contracts are recorded as reinsurance receivables. Prior to 1993,
these amounts were recorded as a reduction of the liability for
future insurance policy benefits. The cost of reinsurance is
accounted for over the period covered by the reinsurance contract.

Federal income taxes
The Company's taxable income is included in the consolidated
federal income tax return of American Express Company. The Company
provides for income taxes on a separate return basis, except that,
under an agreement between IDS and American Express Company, tax
benefit is recognized for losses to the extent they can be used on
the consolidated tax return. It is the policy of IDS and its
subsidiaries that IDS will reimburse a subsidiary for any tax
benefit.

Included in other liabilities at Dec. 31, 1993 and 1992 are $14,709
and $18,181, respectively, payable to IDS for federal income taxes.

Segregated asset account business
The segregated asset account assets and liabilities represent funds
held for the exclusive benefit of the variable annuity and variable
life insurance contract owners. The Company receives investment
management and mortality and expense assurance fees from the
variable annuity and variable life insurance mutual funds and
segregated asset accounts. The Company also deducts a monthly cost
of insurance charge and receives a minimum death benefit guarantee
fee and issue and administrative fee from the variable life
insurance segregated asset accounts.

The Company makes contractual mortality assurances to the variable
annuity contract owners that the net assets of the segregated asset
accounts will not be affected by future variations in the actual
life expectancy experience of the annuitants and the beneficiaries
from the mortality assumptions implicit in the annuity contracts.
The Company makes periodic fund transfers to, or withdrawals from,
the segregated asset accounts for such actuarial adjustments for
variable annuities that are in the benefit payment period. The
Company guarantees, for the variable life insurance policyholders,
the cost of the contractual insurance rate and that the death
benefit will never be less than the death benefit at the date of
issuance.

<PAGE>
PAGE 62
1. Summary of significant accounting policies (continued)

At Dec. 31, 1993 and 1992 the fair value of liabilities related to
segregated asset accounts was $8,305,209 and $5,727,402,
respectively. The fair value of these liabilities at Dec. 31, 1993
and 1992 is estimated as the carrying amount less variable
insurance contracts carried at $346,276 and $226,946, respectively,
and surrender charges, if applicable.

Reclassification
Certain 1992 and 1991 amounts have been reclassified to conform to
the 1993 presentation.

2. Investments

Market values of investments in fixed maturities represent quoted
market prices and estimated fair values when quoted prices are not
available. Estimated fair values are determined by established
procedures involving, among other things, review of market indices,
price levels of current offerings of comparable issues, price
estimates and market data from independent brokers and financial
files.

Net gain (loss) on investments for the years ended Dec. 31 is
summarized as follows:
<TABLE>
<CAPTION>

1993 1992 1991
<S> <C> <C> <C>
Fixed maturities $ 5,460 $ 14,474 $ 22,750
Mortgage loans (11,422) (5,004) (1,064)
Other investments (6,606) (8,265) (5,695)

(12,568) 1,205 15,991
Net (increase) decrease in allowance for losses 5,831 (4,915) (21,828)
$ (6,737) $ (3,710) $ (5,837)

Changes in net unrealized appreciation
(depreciation) of investments for the years
ended Dec. 31 are summarized as follows:

1993 1992 1991
Fixed maturities $323,060 $(128,683) $861,355
Equity securities (156) 300 418
</TABLE>

Fair values of and gross unrealized gains
and losses on investments in fixed maturities
carried at amortized cost at Dec. 31 are as follows:
<TABLE>
<CAPTION>
Gross Gross
Amortized Unrealized Unrealized Fair
1993 Cost Gains Losses Value
<S> <C> <C> <C> <C>
U.S. Government agency obligations $ 63,532 $ 3,546 $ 1,377 $ 65,701
State and municipal obligations 11,072 2,380 - 13,452
Corporate bonds and obligations 9,362,074 768,747 45,706 10,085,115
Mortgage-backed securities 9,978,523 341,067 57,879 10,261,711
19,415,201 1,115,740 104,962 20,425,979
Less allowance for losses 22,777 - 22,777 -
$19,392,424 $1,115,740 $ 82,185 $20,425,979

<PAGE>
PAGE 63
2. Investments (continued)

Gross Gross
Amortized Unrealized Unrealized Fair
1992 Cost Gains Losses Value
U.S. Government agency obligations $ 36,753 $ 3,658 $ 4 $ 40,407
State and municipal obligations 11,234 1,542 - 12,776
Corporate bonds and obligations 7,688,190 431,781 104,707 8,015,264
Mortgage-backed securities 9,487,601 377,539 37,213 9,827,927
17,223,778 814,520 141,924 17,896,374
Less allowance for losses 37,899 - 37,899 -
$17,185,879 $ 814,520 $104,025 $17,896,374

The amortized cost and fair value of investments in fixed maturities at Dec. 31, 1993 by
contractual maturity are shown below. Expected maturities will differ from contractual
maturities because borrowers may have the right to call or prepay obligations with or without
call or prepayment penalties.

Amortized Fair
Cost Value
Due in one year or less $ 89,160 $ 90,928
Due from one to five years 1,430,756 1,532,298
Due from five to ten years 5,488,955 5,924,580
Due in more than ten years 2,427,807 2,616,462
Mortgage-backed securities 9,978,523 10,261,711
$19,415,201 $20,425,979
</TABLE>

Proceeds from sales of investments in fixed maturities during 1993
and 1992 were $482,523 and $996,619, respectively. During 1993 and
1992, gross gains of $48,499 and $94,915, respectively, and gross
losses of $43,039 and $80,441, respectively, were realized on those
sales.

At Dec. 31, 1993, the amount of net unrealized appreciation on
equity securities included $160 of gross unrealized appreciation,
$nil of gross unrealized depreciation and deferred tax credits of
$46. At Dec. 31, 1992, the amount of net unrealized appreciation
on equity securities included $328 of gross unrealized
appreciation, $12 of gross unrealized depreciation and deferred tax
credits of $102. The fair value of equity securities was $1,900
and $2,005 at Dec. 31, 1993 and 1992, respectively.

Included in other investments at Dec. 31, 1993 are interest rate
caps at amortized cost of $26,923 with a fair value of $14,201.
These interest rate caps carry a notional amount of $4,400,000 and
expire on various dates from 1994 to 1998.

At Dec. 31, 1993, bonds carried at $4,184 were on deposit with
various states as required by law.

<PAGE>
PAGE 64
2. Investments (continued)

Net investment income for the years ended Dec. 31 is summarized as
follows:
<TABLE>
<CAPTION>
1993 1992 1991
<S> <C> <C> <C>
Interest on fixed maturities $1,589,802 $1,449,234 $1,279,317
Interest on mortgage loans 175,063 148,693 122,723
Other investment income 29,345 24,281 20,005
Interest on cash equivalents 2,137 5,363 8,729
1,796,347 1,627,571 1,430,774
Less investment expenses 13,128 10,750 7,908
$1,783,219 $1,616,821 $1,422,866

At Dec. 31, 1993, investments in fixed maturities comprised 89
percent of the Company's total invested assets. These securities
are rated by Moody's and Standard & Poor's (S&P), except for
approximately $2.1 billion which is rated by IDS internal analysts
using criteria similar to Moody's and S&P. A summary of
investments in fixed maturities by rating on Dec. 31 is as follows:

Dec. 31, Dec. 31,
Rating 1993 1992
Aaa/AAA $ 9,959,884 $ 9,480,345
Aa/AA 258,659 219,370
Aa/A 160,638 109,806
A/A 2,021,177 1,735,750
A/BBB 654,949 447,592
Baa/BBB 3,936,366 3,352,192
Baa/BB 717,606 392,361
Below investment grade 1,705,922 1,486,362
$19,415,201 $17,223,778
</TABLE>

At Dec. 31, 1993, 99 percent of the securities rated Aaa/AAA are
GNMA, FNMA and FHLMC mortgage-backed securities. No holdings of
any other issuer are greater than 1 percent of the Company's total
investments in fixed maturities.

At Dec. 31, 1993, approximately 9.4 percent of the Company's
invested assets were mortgage loans on real estate. Summaries of
mortgage loans by region of the United States and by type of real
estate at Dec. 31, 1993 and 1992 are as follows:
<TABLE>
<CAPTION>
Dec. 31, 1993 Dec. 31, 1992
On Balance Commitments On Balance Commitments
Region Sheet to Purchase Sheet to Purchase
<S> <C> <C> <C> <C>
East North Central $ 552,150 $ 20,933 $ 484,808 $ 21,728
West North Central 361,704 16,746 357,388 14,327
South Atlantic 452,679 52,440 320,593 32,022
Middle Atlantic 260,239 41,090 188,294 56,816
New England 155,214 17,620 114,170 24,677
Pacific 120,378 15,492 89,636 5,148
West South Central 43,948 525 46,296 716
East South Central 73,748 - 83,994 10,085
Mountain 70,410 14,594 26,906 8,882
2,090,470 179,440 1,712,085 174,401
Less allowance for losses 35,020 - 23,595 -
$2,055,450 $179,440 $1,688,490 $174,401

<PAGE>
PAGE 65
2. Investments (continued)

Dec. 31, 1993 Dec. 31, 1992
On Balance Commitments On Balance Commitments
Property type Sheet to Purchase Sheet to Purchase
Apartments $ 744,788 $ 79,153 $ 541,855 $ 70,198
Department/retail stores 624,651 65,402 504,331 74,671
Office buildings 234,042 15,583 327,216 12,950
Industrial buildings 217,648 9,279 203,361 15,150
Nursing/retirement homes 83,768 917 56,431 716
Hotels/motels 33,138 - 34,631 716
Medical buildings 30,429 5,954 23,006 -
Residential 78 - 6,618 -
Other 121,928 3,152 14,636 -
2,090,470 179,440 1,712,085 174,401
Less allowance for losses 35,020 - 23,595 -
$2,055,450 $179,440 $1,688,490 $174,401
</TABLE>
Mortgage loan fundings are restricted by state insurance regulatory
authorities to 80 percent or less of the market value of the real
estate at the time of origination of the loan. The Company holds
the mortgage document, which gives the right to take possession of
the property if the borrower fails to perform according to the
terms of the agreement. The fair value of the mortgage loans is
determined by a discounted cash flow analysis using mortgage
interest rates currently offered for mortgages of similar
maturities. Commitments to purchase mortgages are made in the
ordinary course of business. The fair value of the mortgage
commitments is $nil.

3. Income taxes

The Company qualifies as a life insurance company for federal
income tax purposes. As such, the Company is subject to the
Internal Revenue Code provisions applicable to life insurance
companies.

Income tax expense consists of the following:
<TABLE>
<CAPTION>
1993 1992 1991
<S> <C> <C> <C>
Federal income taxes:
Current $180,558 $130,998 $104,292
Deferred (44,237) (30,385) (29,207)
136,321 100,613 75,085
State income taxes-Current 6,326 4,038 2,345
Income tax expense $142,647 $104,651 $ 77,430
</TABLE>
Increases (decreases) to the federal tax provision applicable to
pretax income based on the statutory rate are attributable to:
<TABLE>
<CAPTION>
1993 1992 1991
Provision Rate Provision Rate Provision Rate
<S> <C> <C> <C> <C> <C> <C>
Federal income taxes based on
the statutory rate $144,454 35.0% $107,379 34.0% $88,219 34.0%
Increases (decreases) are attributable to:
Tax-excluded interest and dividend income (11,002) (2.7) (8,209) (2.6) (9,496) (3.7)
Other, net 2,869 0.7 1,443 0.4 (3,638) (1.4)
Federal income taxes $136,321 33.0% $100,613 31.8% $75,085 28.9%
</TABLE>
A portion of life insurance company income earned prior to 1984 was
not subject to current taxation but was accumulated, for tax
purposes, in a "policyholders' surplus account." At Dec. 31, 1993,
the Company had a policyholders' surplus account balance of <PAGE>
PAGE 66
3. Income taxes (continued)

$19,032. The policyholders' surplus account is only taxable if
dividends to the stockholder exceed the stockholder's surplus
account or if the Company is liquidated. Deferred income taxes of
$6,661 have not been established because no distributions of such
amounts are contemplated.

Significant components of the Company's deferred tax assets and
liabilities as of Dec. 31 are as follows:
<TABLE>
<CAPTION>
Deferred tax assets: 1993 1992
<S> <C> <C>
Policy reserves $453,436 $356,712
Life insurance guarantee fund assessment reserve 35,000 21,794
Total deferred tax assets 488,436 378,506
Deferred tax liabilities:
Deferred policy acquisition costs 509,868 446,579
Investments 10,105 2,435
Other 12,083 17,405
Total deferred tax liabilities 532,056 466,419
Net deferred tax liabilities $ 43,620 $ 87,913
</TABLE>

4. Stockholder's equity

Retained earnings available for distribution as dividends to parent
are limited to the Company's surplus as determined in accordance
with accounting practices prescribed by state insurance regulatory
authorities. Statutory unassigned surplus aggregated $922,246 as
of Dec. 31, 1993 and $685,103 as of Dec. 31, 1992 (see Note 3 with
respect to the income tax effect of certain distributions). In
addition, any dividend distributions in 1994 in excess of
approximately $259,063 would require approval of the Department of
Commerce of the State of Minnesota.

Statutory net income for 1993, 1992 and 1991 and stockholder's
equity as of Dec. 31, 1993, 1992 and 1991 are summarized as
follows:
<TABLE>
<CAPTION>
1993 1992 1991
<S> <C> <C> <C>
Statutory net income $ 275,015 $180,296 $200,704
Statutory stockholder's equity 1,157,022 714,942 551,939
</TABLE>

Dividends paid to IDS were $25,000 in 1993, $20,000 in 1992 and
$20,000 in 1991.

5. Related party transactions

The Company has loaned funds or agreed to loan funds to IDS under
two separate loan agreements. The balance of the first loan was
$75,000 and $nil at Dec. 31, 1993 and 1992, respectively. This
loan can be increased to a maximum of $100,000 and pays interest at
a rate equal to the preceding month's effective new money rate for
the Company's permanent investments. It is collateralized by
equities valued at $96,790 at Dec. 31, 1993. The second loan was
used to fund the construction of the IDS Operations Center. This
loan had an outstanding balance of $84,588 and $85,278 at Dec. 31,
1993 and 1992, respectively. The loan is secured by a first lien <PAGE>
PAGE 67
5. Related party transactions (continued)

on the IDS Operations Center property and has an interest rate of
9.89 percent. The Company also has a loan to an affiliate which
was used to fund construction of the IDS Learning Center. At Dec.
31, 1993 and 1992, the balance outstanding was $22,573 and $22,755,
respectively. The loan is secured by a first lien on the IDS
Learning Center property and has an interest rate of 9.82 percent.

Interest income on the above loans totaled $11,116, $10,711 and
$14,783 in 1993, 1992 and 1991, respectively.

The Company purchased a five year secured note from an affiliated
company which had an outstanding balance of $27,222 and $31,111 at
Dec. 31, 1993 and 1992, respectively. The note bears a market
interest rate, revised semi-annually, which at Dec. 31, 1993 was
8.42 percent.

The Company has a reinsurance agreement whereby it assumed 100
percent of a block of single premium life insurance business from
an affiliated company. The accompanying consolidated balance sheet
at Dec. 31, 1993 and 1992 includes $759,714 and $746,060,
respectively, of future policy benefits related to this agreement.

The accompanying consolidated statement of income includes revenue
from policyholder charges of $21, $109 and $243, and expenses of
$4,931, $5,897 and $6,445 related to this agreement for 1993, 1992
and 1991, respectively.

The Company has a reinsurance agreement to cede 50 percent of its
long-term care insurance business to an affiliated company. The
accompanying consolidated balance sheet at Dec. 31, 1993 includes
$44,086 of reinsurance receivables related to this agreement.
Liabilities for future policy benefits were reduced by $27,028 at
Dec. 31, 1992 for the effect of this agreement. Premiums ceded
amounted to $16,230, $12,499 and $6,365 and reinsurance recovered
from reinsurers amounted to $404, $250 and $187 for the years ended
Dec. 31, 1993, 1992 and 1991, respectively.

The Company participates in the retirement plan of IDS which covers
all permanent employees age 21 and over who have met certain
employment requirements. The benefits are based on the number of
years the employee participates in the plan, their final average
monthly salary, the level of social security benefits the employee
is eligible for and the level of vesting the employee has earned in
the plan. IDS' policy is to fund retirement plan costs accrued
subject to ERISA and federal income tax considerations. The
Company's share of the total net periodic pension cost was $nil in
1993, 1992 and 1991.

The Company also participates in defined contribution pension plans
of IDS which cover all employees who have met certain employment
requirements. Company contributions to the plans are a percent of
either each employee's eligible compensation or basic
contributions. Costs of these plans charged to operations in 1993,
1992 and 1991 were $2,008, $1,826 and $1,682, respectively.
<PAGE>
PAGE 68
5. Related party transactions (continued)

The Company participates in defined benefit health care plans of
IDS that provide health care and life insurance benefits to retired
employees and retired financial planners. The plans include
participant contributions and service-related eligibility
requirements. Upon retirement, such employees are considered to
have been employees of IDS. IDS expenses these benefits and
allocates the expenses to its subsidiaries. Accordingly, costs of
such benefits to the Company are included in employee compensation
and benefits and cannot be identified on a separate company basis.

Charges by IDS for use of joint facilities and other services
aggregated $243,346, $204,675 and $174,500 for 1993, 1992 and 1991,
respectively. Certain of these costs are included in deferred
policy acquisition costs. In addition, the Company rents its home
office space from IDS on an annual renewable basis. Such rentals
aggregated $4,513, $4,074 and $3,469 for 1993, 1992 and 1991,
respectively.

Certain commission and marketing services expenses are allocated to
the Company by its affiliates. The expenses for 1993, 1992 and
1991 were $127,000, $110,064 and $95,367, respectively. Certain of
the costs assessed to the Company are included in deferred policy
acquisition costs.

6. Commitments and contingencies

At Dec. 31, 1993 and 1992, traditional life insurance and universal
life-type insurance in force aggregated $46,125,515 and
$40,904,345, respectively, of which $3,038,426 and $2,937,590 were
reinsured at the respective year ends. The Company also reinsures
a portion of the risks assumed under disability income policies.
Under the agreements, premiums ceded to reinsurers amounted to
$28,276, $24,222 and $16,908 and reinsurance recovered from
reinsurers amounted to $3,345, $6,766 and $6,447 for the years
ended Dec. 31, 1993, 1992 and 1991.

Reinsurance contracts do not relieve the Company from its primary
obligation to policyholders.

The Company is a defendant in various lawsuits, none of which, in
the opinion of the Company counsel, will result in a material
liability.

The Company received the revenue agent's report for the tax years
1984 through 1986 in February 1992, and has settled on all agreed
audit issues. The Company will protest the remaining open issues
and, while the outcome of the appeal is not known at this time,
management does not believe there will be any material impact as a
result of this audit.
<PAGE>
PAGE 69
7. Lines of credit

The Company has available lines of credit with two banks
aggregating $75,000 at 45 to 80 basis points over the banks' cost
of funds or equal to the prime rate, depending on which line of
credit agreement is used. Borrowings outstanding under these
agreements were $1,519 and $nil at Dec. 31, 1993 and 1992,
respectively.

8. Segment information

The Company's operations consist of two business segments; first,
individual and group life insurance, disability income, health and
long-term care insurance, and second, annuity products designed for
individuals, pension plans, small businesses and employer-sponsored
groups. The consolidated statement of income for the years ended
Dec. 31, 1993, 1992 and 1991 and total assets at Dec. 31, 1993,
1992 and 1991 by segment are summarized as follows:
<TABLE>
<CAPTION>
1993 1992 1991
<S> <C> <C> <C>
Net investment income:
Life, disability income, health and long-term care insurance $ 250,224 $ 246,676 $ 233,828
Annuities 1,532,995 1,370,145 1,189,038
$ 1,783,219 $ 1,616,821 $ 1,422,866
Premiums and other considerations:
Life, disability income and long-term care insurance $ 281,284 $ 250,386 $ 220,754
Annuities 143,876 104,952 79,928
$ 425,160 $ 355,338 $ 300,682
Income before income taxes:
Life, disability income, health and long-term care insurance $ 104,127 $ 96,215 $ 90,050
Annuities 315,336 223,316 175,254
Net loss on investments (6,737) (3,710) (5,837)
$ 412,726 $ 315,821 $ 259,467
Total assets:
Life, disability income, health and long-term care insurance $ 4,810,145 $ 4,093,778 $ 3,670,197
Annuities 28,247,608 23,201,995 18,888,612
$33,057,753 $27,295,773 $22,558,809
</TABLE>

Allocations of net investment income and certain general expenses
are based on various assumptions and estimates.

Assets are not individually identifiable by segment and have been
allocated principally based on the amount of future policy benefits
by segment.

Capital expenditures and depreciation expense are not material, and
consequently, are not reported.

<PAGE>
PAGE 70
PART C.

Item 24. Financial Statements and Exhibits

(a) Financial Statements included in Part B of this Registration
Statement:

IDS Life Accounts F,IZ,JZ,G,H & N:

Report of Independent Auditors dated March 18, 1994.
Statement of Net Assets at Dec. 31, 1993.
Statement of Operations for the year ended Dec. 31, 1993.
Statement of Changes in Net Assets for the years ended
Dec. 31, 1993 and Dec. 31, 1992.
Notes to Financial Statements.

IDS Life Insurance Company:

Report of Independent Auditors dated February 3, 1994.
Consolidated Balance Sheet at Dec. 31, 1993 and 1992;
Consolidated Statement of Income for the years ended Dec.
31, 1993, 1992, and 1991;
Consolidated Statement of Cash Flows for the years ended
Dec. 31, 1993, 1992, and 1991; and
Notes to Consolidated Financial Statements.

Exhibits to Financial Statements included in Part B:

Report of Independent Auditors dated February 3, 1994.

Financial Statement Schedules I, V, VI, VIII and IX as
required by Regulation S-X:

Schedule I - Consolidated Summary of Investments Other
than Investments in Related Parties
Schedule V - Supplementary Insurance Information
Schedule VI - Reinsurance
Schedule VIII - Valuation and Qualifying Accounts
Schedule IX - Short-Term Borrowings

All other schedules to the consolidated financial statements
required by Article 7 of Regulation S-X are not required under
the related instructions or are inapplicable and, therefore,
have been omitted.

(b) Exhibits:

1.1 Resolution of the Executive Committee of the Board of
Directors of IDS Life adopted May 13, 1981, was filed
electronically as Exhibit 1.1 to Post-Effective Amendment No.
23 to Registration Statement No. 2-73114 is incorporated
herein by reference.

1.2 Resolution of the Executive Committee of the Board of
Directors of IDS Life establishing Account N on April 17,
1985, was filed electronically as Exhibit 1.2 to Post-
Effective Amendment No. 23 to Registration Statement No. 2-
73114 is incorporated herein by reference.
<PAGE>
PAGE 71
1.3 Resolution of the Board of Directors of IDS Life establishing
Accounts IZ and JZ on Sept. 20, 1991 was filed electronically
as Exhibit 1.3 to Post-Effective Amendment No. 23 to
Registration Statement No. 2-73114 is incorporated herein by
reference.

2. Not applicable.

3. Not applicable.

4.1 Copy of form of Qualified Deferred Annuity Contract (form
30307) filed as Exhibit 4(a) to Registration Statement No. 33-
4173 is incorporated herein by reference.

4.2 Copy of form of Non-Qualified Deferred Annuity Contract (form
30302) filed as Exhibit 4(b) to Registration Statement No. 33-
4173 is incorporated herein by reference.

4.3 Copy of form of Deferred Annuity Contract (IRA) (form 30306),
filed electronically herewith.

5.1 Form of Application for IDS Life Deferred Variable Annuity
Contract (form 34512), filed as Exhibit 10 to Post-Effective
Amendment No. 2 to Registration Statement 2-73114, is
incorporated herein by reference.

5.2 Copy of Form of Application for IDS Flexible Annuity Contract,
filed as Exhibit 5(b) to Registration Statement No. 33-4173 is
incorporated herein by reference.

6.1 Copy of Certificate of Incorporation of IDS Life, filed
electronically herewith.

6.2 Copy of Amended By-Laws of IDS Life, filed electronically
herewith.

7. Not applicable.

8. Not applicable.

9. Opinion of counsel and consent to its use as to the legality
of the securities being registered was filed with Registrant's
24f-2 Notice on or about Feb. 25, 1994.

10. Consent of Independent Auditors, filed electronically
herewith.

11. Financial Statement Schedules and Report of Independent
Auditors, filed electronically herewith.

12. Not applicable.

13. Not applicable.

14.1 Not applicable.

14.2 Power of Attorney to sign Amendments to this Registration
Statement dated March 31, 1994, filed electronically herewith.
<PAGE>
PAGE 72
Item 25. Directors and Officers of the Depositor
<TABLE>
<CAPTION>
Positions and
Name Principal Business Address Offices with Depositor
<S> <C> <C>
Timothy V. Bechtold IDS Tower 10 Vice President-Insurance
Minneapolis, MN 55440 Product Development

David J. Berry IDS Tower 10 Vice President
Minneapolis, MN 55440

Alan R. Dakay IDS Tower 10 Vice President-
Minneapolis, MN 55440 Institutional Insurance
Marketing

Louis C. Fornetti IDS Tower 10 Director
Minneapolis, MN 55440

Morris Goodwin Jr. IDS Tower 10 Vice President and Treasurer
Minneapolis, MN 55440

Lorraine R. Hart IDS Tower 10 Vice President-Investments
Minneapolis, MN 55440

David R. Hubers IDS Tower 10 Director
Minneapolis, MN 55440

Roger P. Husemoller IDS Tower 10 Vice President-
Minneapolis, MN 55440 Intercorporate Insurance
Operations

Richard W. Kling IDS Tower 10 Director and President
Minneapolis, MN 55440

Paul F. Kolkman IDS Tower 10 Director and Executive
Minneapolis, MN 55440 Vice President

Ryan R. Larson IDS Tower 10 Vice President-
Minneapolis, MN 55440 Annuity Product
Development

Peter A. Lefferts IDS Tower 10 Director and Executive
Minneapolis, MN 55440 Vice President-
Marketing

Janis E. Miller IDS Tower 10 Director and Executive
Minneapolis, MN 55440 Vice President-
Variable Assets

James A. Mitchell IDS Tower 10 Director, Chairman of
Minneapolis, MN 55440 the Board and Chief
Executive Officer

Barry J. Murphy IDS Tower 10 Director and Executive
Minneapolis, MN 55440 Vice President-
Client Service
<PAGE>
PAGE 73
Item 25. Directors and Officers of the Depositor (cont'd)

Mary O. Neal IDS Tower 10 Vice President-
Minneapolis, MN 55440 Sales Support

James R. Palmer IDS Tower 10 Vice President-Taxes
Minneapolis, MN 55440

F. Dale Simmons IDS Tower 10 Vice President-
Minneapolis, MN 55440 Real Estate
Loan Management

William A. Stoltzmann IDS Tower 10 Vice President, General
Minneapolis, MN 55440 Counsel and Secretary

Melinda S. Urion IDS Tower 10 Director, Executive
Minneapolis, MN 55440 Vice President and
Controller
</TABLE>

Item 26. Persons Controlled by or Under Common Control with the
Depositor or Registrant

IDS Life Insurance Company is a wholly owned subsidiary
of IDS Financial Corporation. IDS Financial Corporation
is a wholly owned subsidiary of American Express Company
(American Express).

The following list includes the names of major
subsidiaries of American Express.
Jurisdiction
Name of Subsidiary of Incorporation

I. Travel Related Services

American Express Travel Related
Services Company, Inc. New York

II. International Banking Services

American Express Bank Ltd. Connecticut

III. Investment Services

Lehman Brothers Inc. Delaware

IV. Companies engaged in Investors
Diversified Financial Services

American Enterprise Investment Services Inc. Minnesota
American Enterprise Life Insurance Company Indiana
American Express Minnesota Foundation Minnesota
American Express Service Corporation Delaware
American Partners Life Insurance Company Minnesota
<PAGE>
PAGE 74
Item 26. Persons Controlled by or Under Common Control with the
Depositor or Registrant (Continued)

Jurisdiction
Name of Subsidiary of Incorporation

IDS Advisory Group Inc. Minnesota
IDS Aircraft Services Corporation Minnesota
IDS Cable Corporation Minnesota
IDS Cable II Corporation Minnesota
IDS Capital Holdings Inc. Minnesota
IDS Certificate Company Delaware
IDS Deposit Corp. Utah
IDS Financial Corporation Delaware
IDS Financial Services Inc. Delaware
IDS Fund Management Limited U.K.
IDS Futures Corporation Minnesota
IDS Futures III Corporation Minnesota
IDS Insurance Agency of Alabama Inc. Alabama
IDS Insurance Agency of Arkansas Inc. Arkansas
IDS Insurance Agency of Massachusetts Inc. Massachusetts
IDS Insurance Agency of Mississippi Inc. Mississippi
IDS Insurance Agency of Nevada Inc. Nevada
IDS Insurance Agency of New Mexico Inc. New Mexico
IDS Insurance Agency of North Carolina Inc. North Carolina
IDS Insurance Agency of Ohio Inc. Ohio
IDS Insurance Agency of Texas Inc. Texas
IDS Insurance Agency of Utah Inc. Utah
IDS Insurance Agency of Wyoming Inc. Wyoming
IDS International, Inc. Delaware
IDS Life Insurance Company Minnesota
IDS Life Insurance Company of New York New York
IDS Management Corporation Minnesota
IDS Partnership Services Corporation Minnesota
IDS Plan Services of California, Inc. Minnesota
IDS Property Casualty Insurance Company Wisconsin
IDS Real Estate Services, Inc. Delaware
IDS Realty Corporation Minnesota
IDS Sales Support Inc. Minnesota
IDS Securities Corporation Delaware
IDS Trust Company Minnesota
Investors Syndicate Development Corp. Nevada

Item 27. Number of Contractowners

On March 31, 1994, there were 94,524 contract owners of
qualified Combination Retirement Annuity contracts.
There were 3,797 owners of non-qualified contracts.

There were 671 contract owners of qualified Variable
Retirement Annuity contracts. There were 3,425 owners of
non-qualified contracts.

Item 28. Indemnification

The By-Laws of the depositor provide that it shall
indemnify any person who was or is a party or is
threatened to be made a party, by reason of the fact that
<PAGE>
PAGE 75
he is or was a director, officer, employee or agent of
this Corporation, or is or was serving at the direction
of the Corporation as a director, officer, employee or
agent of another corporation, partnership, joint venture,
trust or other enterprise, to any threatened, pending or
completed action, suit or proceeding, wherever brought,
to the fullest extent permitted by the laws of the State
of Minnesota, as now existing or hereafter amended,
provided that this Article shall not indemnify or protect
any such director, officer, employee or agent against any
liability to the Corporation or its security holders to
which he would otherwise be subject by reason of willful
misfeasance, bad faith, or gross negligence, in the
performance of his duties or by reason of his reckless
disregard of his obligations and duties.

Item 29. Principal Underwriters

(a) IDS Life is the principal underwriter for IDS Life
Accounts F, IZ, JZ, G, H and N, IDS Life Variable
Annuity Fund A, IDS Life Variable Annuity Fund B,
IDS Life Account RE, IDS Life Account MGA and IDS
Life Account SLB.

(b) This table is the same as our response to Item 25 of
this Registration Statement.

(c)
<TABLE>
<CAPTION>
Name of Net Underwriting
Principal Discounts and Compensation on Brokerage
Underwriter Commissions Redemption Commissions Compensation
<S> <C> <C> <C> <C>
IDS Life None $4,408,562 None None
</TABLE>

Item 30. Location of Accounts and Records

IDS Life Insurance Company
IDS Tower 10
Minneapolis, MN

Item 31. Management Services

Not applicable.

Item 32. Undertakings

(a), (b) & (c) These undertakings were
filed with the Registrant's initial
Registration Statements, File No.
2-73114 and 811-3217.

<PAGE>
PAGE 76
(d) Registrant represents that it is
relying upon the no-action assurance
given to the American Council of Life
Insurance (pub. avail. Nov. 28,
1988). Further, Registrant
represents that it has complied with
the provisions of paragraphs (1)-(4)
of that no-action letter.
<PAGE>
PAGE 77
SIGNATURES

As required by the Securities Act of 1933 and the Investment
Company Act of 1940, IDS Life Insurance Company, on behalf of the
Registrant, certifies that it meets the requirements of the
Securities Act Rule 486(b) for effectiveness of this Registration
Statement and has caused this Registration Statement to be signed
on its behalf in the City of Minneapolis, and State of Minnesota,
on this 22nd day of April, 1994.

IDS LIFE ACCOUNT F
IDS LIFE ACCOUNT IZ
IDS LIFE ACCOUNT JZ
IDS LIFE ACCOUNT G
IDS LIFE ACCOUNT H
IDS LIFE ACCOUNT N
(Registrant)

By IDS Life Insurance Company
(Sponsor)

By/s/ Richard W. Kling
Richard W. Kling
President

As required by the Securities Act of 1933, this Amendment to the
Registration Statement has been signed below by the following
persons in the capacities indicated on this 22nd day of April,
1994.

Signature Title

/s/ James A. Mitchell* Chairman of the Board
James A. Mitchell and Chief Executive
Officer

/s/ Richard W. Kling* Director and President
Richard W. Kling

/s/ Louis C. Fornetti* Director
Louis C. Fornetti

/s/ David R. Hubers* Director
David R. Hubers

/s/ Paul F. Kolkman* Director and Executive Vice
Paul F. Kolkman President

/s/ Peter A. Lefferts* Director and Executive Vice
Peter A. Lefferts President, Marketing

/s/ Janis E. Miller* Director and Executive Vice
Janis E. Miller President, Variable Assets

/s/ Barry J. Murphy* Director and Executive Vice
Barry J. Murphy President, Client Service

<PAGE>
PAGE 78
/s/ Stuart A. Sedlacek* Director and Executive Vice
Stuart A. Sedlacek President, Assured Assets

/s/ Melinda S. Urion* Director, Exective Vice
Melinda S. Urion President and Controller

* Signed pursuant to Power of Attorney dated March 31, 1994, filed
electronically herewith.

___________________________
Mary Ellyn Minenko
<PAGE>
PAGE 79
CONTENTS OF REGISTRATION STATEMENT NO. 24

This Amendment to the Registration Statement is comprised of the
following papers and documents:

The Cover Page.

Cross-reference sheet.

Part A.

The prospectus.

Part B.

Statement of Additional Information.

Financial Statements.

Part C.

Other Information.

The signatures.

Exhibits.

<PAGE>
PAGE 1
EXHIBIT INDEX

4.3 Copy of form of Deferred Annuity Contract (IRA) (Form 30306).

6.1 Copy of Certificate of Incorporation of IDS Life.

6.2 Copy of Amended By-Laws of IDS Life.

10 Consent of Independent Auditors.

11 Financial Statement and Schedules and Report of Independent
Auditors.

14.2 Power of Attorney to sign Amendments to this Registration
Statement dated March 31, 1994.

<PAGE>
PAGE 1
DEFERRED ANNUITY CONTRACT

- - Flexible purchase payments.
- - Optional fixed dollar or variable accumulation values and annuity
payments.
- - Annuity payments to begin on the retirement date.
- - This contract is nonparticipating. Dividends are not payable.

Annuitant: C J Abe

Contract Number: 9310-02401403

Contract Date: October 25, 1990

Retirement Date: January 31, 2010

This is a deferred annuity contract. It is a legal contract
between you, as the owner, and us, IDS Life Insurance Company, a
Stock Company, Minneapolis, Minnesota. PLEASE READ YOUR CONTRACT
CAREFULLY.

If the annuitant is living on the Retirement Date, we will begin to
pay you monthly annuity payments. Any payments made by us are
subject to the terms of this contract.

We issue this contract in consideration of your application and the
payment of the purchase payments.

Signed for and issued by IDS Life Insurance Company in Minneapolis,
Minnesota, as of the contract date shown above.

ACCUMULATION VALUES AND ANNUITY PAYMENTS, WHEN BASED ON THE
INVESTMENT RESULTS OF THE SEPARATE ACCOUNTS, ARE VARIABLE AND NOT
GUARANTEED AS TO FIXED DOLLAR AMOUNT.

NOTICE OF YOUR RIGHT TO EXAMINE THIS CONTRACT FOR 10 DAYS
If for any reason you are not satisfied with this contract, return
it to us or our representative within 10 days after you receive it.
We will then cancel this contract. Upon such cancellation we will
refund an amount equal to the sum of: (1) the contract value; and
(2) any premium tax charges paid. This contract will then be
considered void from its start.

President

/s/ James A. Mitchell

Secretary

/s/ William A. Stoltzmann
<PAGE>
PAGE 2
GUIDE TO CONTRACT PROVISIONS

Definitions Important words and meanings/Page 3

General Provisions Entire contract; Incontestability;
Misstatement of Age or Sex; State
Laws; Reports to owner; Evidence of
survival; Protection of proceeds;
Payments by us; Voting rights/Page 4

Ownership and Beneficiary Owner rights; Trust or Custodial
ownership; Change of ownership;
Beneficiary; Change of Beneficiary/
Page 5

Payments to Beneficiary Describes options and amounts
payable upon death/Page 6

Purchase Payments Purchase payments amounts and
intervals; Payment limits;
Allocation of purchase payments/
Page 7

Contract Value Describes the fixed and variable
account contract values; Interest to
be credited; Annual contract charge;
Premium taxes; Transfers of contract
values/Page 8

Fixed and Variable Accounts Describes the variable accounts,
accumulation units and values; Net
investment factor; Mortality and
expense risk charge; Annuity unit
value/Page 9

Surrender Provisions Surrender of the contract for its
surrender value; Rules for
surrender/Page 10

Annuity Provisions When annuity payments begin;
Different ways to receive annuity
payments; Determination of payment
amounts/Page 11

Table of Settlement Rates Tables showing the amount of the
first variable annuity payment and
fixed annuity payments for the
various Payment plans/Page 13

<PAGE>
PAGE 3
CONTRACT DATA

Annuitant: C J Abe

Contract Number: 9310-02401403

Purchase Payment: $0.00

Contract Owner: C J Abe

Contract Date: October 25, 1990

Retirement Date: January 31, 2010

Upon issuance of this contract the annual purchase payment has been
scheduled to be paid and applied to the fixed and variable accounts
as shown below. You may change the amount, frequency and
allocations as provided in this contract. Refer to the purchase
payments provisions on Page 7.

Variable Purchase Payment
Accounts Mutual Fund Allocation Percentage

F IDS Life Capital Resource Fund 20.000%
G IDS Life Special Income Fund 20.000%
H IDS Life Moneyshare Fund 20.000%
N IDS Life Managed Fund 20.000%

Fixed Account 20.000%

SCHEDULE OF SURRENDER CHARGES

Contract Year Surrender Charges

1 6% Of Amount Surrendered
2 6% Of Amount Surrendered
3 5% Of Amount Surrendered
4 4% Of Amount Surrendered
5 3% Of Amount Surrendered
6 2% Of Amount Surrendered
7 1% Of Amount Surrendered
Thereafter 0% Of Amount Surrendered

In no event will the surrender charge exceed 8 1/2% of the purchase
payments paid under this contract.

See Page 10 for the rules that apply to surrenders.

For the purpose of determining surrender charges, contract years
shall be measured from the effective date of the IDS Retirement
Service qualified plan established by the owner's employer.

Surrender charges shall not apply to death benefits nor to
settlement of the contract under an Annuity Payment Plan.

Minimum guaranteed interest rate: 4%
<PAGE>
PAGE 4
DEFINITIONS

The following words are used often in this contract. When we use
these words, this is what we mean:

annuitant

The person on whose life monthly annuity payments depend.

you, your

The owner of this contract. The owner is shown in the application.

we, our, us

IDS Life Insurance Company.

accumulation unit

An accumulation unit is an accounting unit of measure. It is used
to calculate the contract value prior to settlement.

annuity unit

An annuity unit is an accounting unit of measure. It is used to
calculate the value of annuity payments from the variable accounts
on and after the retirement date.

contract date

It is the date from which contract anniversaries, contract years,
and contract months are determined. Your contract date is shown
under Contract Data.

contract anniversary

The same day and month as the contract date each year that the
contract remains in force.

contract value

The sum of the: (1) Fixed Account Contract Value; and (2) Variable
Account Contract Value.

retirement date

The date shown under Contract Data on which annuity payments are to
begin. This date may be changed as provided in this contract.

settlement

The application of the contract or surrender value of this contract
to provide annuity payments.
<PAGE>
PAGE 5
DEFINITIONS (contined)

valuation date

A valuation date is each day the New York Stock Exchange is open
for trading.

valuation period

A valuation period is the interval of time commencing at the close
of business on each valuation date and ending at the close of
business on the next valuation date.

fixed account

The fixed account is made up of all our assets other than those in
any separate account.

variable accounts

The variable accounts are named under Contract Data. Each is a
separate investment account of ours.

fixed annuity

A fixed annuity is an annuity with payments which are guaranteed by
us as to dollar amount during the annuity payment period.

variable annuity

A variable annuity is an annuity with payments which (1) are not
predetermined or guaranteed as to dollar amount; and (2) vary in
amount with the investment experience of one or more of the
variable accounts.

written request

A request in writing signed by you and delivered to us at our home
office.

<PAGE>
PAGE 6
GENERAL PROVISIONS

Entire Contract

This contract form and the application form attached to it are the
entire contract between you and us.

No one except one of our corporate officers (President, Vice
President, Secretary or Assistant Secretary) can change or waive
any of our rights or requirements under this contract. That person
must do so in writing. None of our representatives or other
persons has the authority to change or waive any of our rights or
requirements under this contract.

In issuing this contract, we have relied upon the application. The
statements contained in the application are, in the absence of
fraud, considered representations and not warranties. No statement
made in connection with the application will be used by us to void
the contract or to deny a claim unless that statement is part of
the application.

This contract is intended to qualify as an Individual Retirement
Annuity (IRA) under Public Law 98-369. We agree to and reserve the
right to modify this contract to the extent necessary to qualify
this contract as an Individual Retirement Annuity as described in
Sections 408(b) and 219 or, if applicable, Section 220 of the
Internal Revenue Code of 1954, as amended and all related sections
and regulations which are in effect during the term of the
contract.

Incontestable

After this contract has been in force during the annuitant's life
for two years from its date of issue, we cannot contest the
contract.

Misstatement of Age or Sex

If the annuitant's birthdate or sex has been misstated, payments
under this contract will be adjusted. They will be based on what
would have been provided at the correct birthdate and sex. Any
underpayments made by us will be made up immediately. Any
overpayments made by us will be subtracted from the future
payments.

State Laws

This contract is governed by the law of the state in which it is
delivered. The values and benefits of this contract are at least
equal to those required by such state.

Reports to Owner

At least once a year we will send you a statement showing the
contract value of this contract. This statement will be based on
any laws or regulations that apply to contracts of this type.
<PAGE>
PAGE 7
GENERAL PROVISIONS (continued)

Evidence of Survival

Where any payments under this contract depend on the recipient or
annuitant being alive on a given date, proof that such condition
has been met may be required by us. Such proof may be required
prior to making the payments.

Protection of Proceeds

Payments under this contract are not assignable by any Beneficiary
prior to the time they are due. To the extent allowed by law,
payments are not subject to the claims of creditors or to legal
process.

Payments By Us

All sums payable by us are payable at our home office. Any payment
of a variable annuity or surrender based on the variable contract
value shall be payable only from the variable accounts.

Voting Rights

So long as federal law requires, you may have the right to vote at
the meetings of the Variable Contract Owners. If you have voting
rights we will send a notice to you telling you the time and place
of a meeting. The notice will also explain matters to be voted
upon and how many votes you get.

Trustee or custodian owners shall cast votes according to
instructions received from appropriate annuitants. All other votes
of such trustee or custodian under the same trust or custodial
agreement shall be cast in the same proportion. If no instructions
are received, the votes may be cast at the trustee's or custodian's
discretion.
<PAGE>
PAGE 8
OWNERSHIP AND BENEFICIARY

Owner's Rights

As long as the annuitant is living you may exercise all rights and
privileges provided in this contract or allowed by us. Your entire
interest is non-forfeitable.

Trust or Custodial Ownership

If you are a tax qualified trust or tax qualified custodial
account, then your trustees or custodian (or their successors)
properly named by your trust or custodial agreement may exercise
all rights and privileges provided in this contract or allowed by
us.

Change of Ownership (Restricted)

Your right to change the ownership of this contract is restricted.
This contract may not be sold, assigned, transferred, discounted or
pledged as collateral for a loan or as security for the performance
of an obligation or for any other purpose to any person other than
as may be required or permitted under Section 408 of the Internal
Revenue Code of 1954, as amended. Your interest in this contract
may be transferred to your former spouse, if any, under a divorce
decree or a written instrument incident to such divorce.

However, if this contract is owned by a trustee of a tax-qualified
custodial account, such trustee or custodian may transfer ownership
of this contract to the annuitant or to a qualified successor
trustee or custodian. Such transfer shall be effective only if
received by us at our home office. When so received, such transfer
shall take effect as of the date of the instrument, subject to any
payment made or other action taken by us before such receipt.

Beneficiary

Beneficiaries are those you name, in a form satisfactory to us, to
receive benefits of this contract if the annuitant dies while this
contract is in force. The beneficiary is shown in the application
unless you have, since the issue date of this contract, changed the
beneficiary as provided below.

Change of Beneficiary

You may change the beneficiary anytime while the annuitant is
living by satisfactory written request to us. Once the change is
recorded by us, it will take effect as of the date of your request,
subject to any action taken or payment made by us before the
recording.

Only those beneficiaries who are living when death benefits become
payable may share in the benefits, if any. If no beneficiary is
then living, we will pay the benefits to you, if living, otherwise
to your estate.
<PAGE>
PAGE 9
PAYMENTS TO BENEFICIARY

Death Benefit Before the Retirement Date

If the annuitant dies before the retirement date while this
contract is in force we will pay to the beneficiary the greater of:

1. the contract value; or

2. the purchase payments paid less any amounts surrendered.

The above amount will be payable in a lump sum upon the receipt of
due proof of death of the annuitant. The beneficiary may elect to
receive payment anytime within 5 years after the date of death of
the annuitant.

In lieu of the above, payment may be made under an Annuity Payment
Plan, provided:

1. the beneficiary elects the plan within 60 days after we
receive due proof of death; and

2. payments begin no later than:

a. one year after the date of death, in the case of a non-
spouse beneficiary; or

b. the date on which the annuitant would have attained age 70
1/2, in the case of a spouse beneficiary; and

3. the plan provides payments over a period which does not exceed
the life of the beneficiary, or the life expectancy of the
beneficiary.

In this event, the reference to "annuitant" in the Annuity
Provisions shall apply to the beneficiary.

Any amounts payable or applied by us as described in this section
will be based on the contract value as of the valuation date on or
next following the date on which due proof of death is received at
our home office.

Spouse Option to Continue Contract

If the annuitant dies prior to the retirement date, a spouse who is
designated as sole beneficiary may elect in writing to forego
receipt of the death benefit and instead continue this contract in
force as its owner and annuitant. The election by the spouse must
be made within 60 days after we receive due proof of death. In
this event, the retirement date may not be later than the April 1
following the calendar year in which the spouse attains age 70 1/2.

Annuitant's Death After the Retirement Date

If the annuitant dies after the retirement date, the amount
payable, if any, will be as provided in the Annuity Payment Plan
then in effect.
<PAGE>
PAGE 10
PURCHASE PAYMENTS

Purchase Payments

Purchase payments mean Annual Purchase Payments or installment
payments of Annual Purchase Payments. They are the payments you
make for this contract. Purchase payments must be paid or mailed
to us at our home office or to an authorized agent. We will give
you a receipt for your payments. Upon payment to us purchase
payments become our property.

Net purchase payments are that part of your purchase payments
applied to the contract value. A net purchase payment is equal to
the purchase payment less any applicable premium tax charge.

Amount and Intervals

The amount of the Annual Purchase Payment for this contract is
shown under Contract Data. It is based on what you have indicated
to us in your application that you intend to pay each year.

You may pay the Annual Purchase Payment in one sum or in
installments until the earlier of: (1) the date this contract
terminates by surrender or otherwise; or (2) the date on which
annuity payments begin. We have scheduled your purchase payments
for the amount and at the interval requested in your application.
Subject to the Payment Limits Provision you may: (1) stop and start
your purchase payments; or (2) increase or decrease the amount of
your purchase payments; or (3) change the interval of your purchase
payments.

With the exception of employer purchase payments made in connection
with a Simplified Employee Pension Plan, no annual purchase
payments may be made with respect to the taxable year in which the
annuitant attains age 70 1/2 or any later year.

Payment Limits Provision

The following limits shall apply to your purchase payments:

1. Installment payments on an annualized basis must be at least
equal to $600.

2. We reserve the right to not accept total purchase payments paid
during any contract year that exceed two times the amount of
the Annual Purchase Payment shown under Contract Data.

3. In addition, except as otherwise provided in this paragraph,
the total purchase payments for any taxable year may not exceed
$2,000. In the case of a rollover contribution described in
Sections 402(a) (5), 402(a) (7), 403(a) (4), 403(b) (8), 405(d)
(3) or, 408(d) (3), of the Internal Revenue Code of 1954, as
amended, there is no limit on the amount of your purchase
payment. If this contract is maintained in connection with a
Simplified Employee Pension Plan, employer purchase payments
for any taxable year may not exceed 15% of your compensation of
<PAGE>
PAGE 11
PURCHASE PAYMENTS (continued)

$30,000, whichever is less. All purchase payments must be made
in cash. If you die before your entire interest in this
contract has been distributed to you, and your beneficiary is
other than your surviving spouse, no additional purchase
payments will be accepted from your beneficiary under this
contract.

We also reserve the right to cancel this contract if both of the
following conditions exist at the same time: (1) no purchase
payments have been paid for a continuous period of 24 months; and
(2) less than $600 in purchase payments have been paid under this
contract. In this event we will give you 30 days written notice of
our intent to cancel this contract. Upon such cancellation we will
pay you the contract value in one sum. This contract will then
terminate.

Allocation of Purchase Payments

You instruct us on how you want your purchase payments allocated
among the fixed account and variable accounts. Your choice for
each account may be made in any whole percent from 0% to 100% as
long as the total adds up to 100%. Your allocation instructions as
of the Contract Date are shown in the application. By written
request, or by another method agreed to by us, you may change your
choice of accounts or percentages. The first net purchase payment
will be allocated as of the end of the valuation period during
which we make an affirmative decision to issue this contract. Net
purchase payments after the first will be allocated as of the end
of the valuation period during which we receive the payment at our
home office.

<PAGE>
PAGE 12
CONTRACT VALUE

Contract Value

The contract value at any time is the sum of: (1) the Fixed Account
Contract Value; and (2) the Variable Account Contract Value.

If: (1) part or all of the contract value is surrendered; or (2)
charges described herein are made against the contract value; then
a number of accumulation units from the variable accounts and an
amount from the fixed account will be deducted to equal such
amount. For surrenders, deductions will be made from the fixed or
variable accounts that you specify. Otherwise, the number of units
from the variable accounts and the amount from the fixed account
will be deducted in the same proportion that your interest in each
bears to the total contract value.

Fixed Account Contract Value

The fixed account contract value at any time will be: (1) the sum
of all amounts credited to the fixed account under this contract;
less (2) any amounts deducted for charges or surrenders.

Interest to be Credited

We will credit interest to the fixed account contract value.
Interest will begin to accrue on the date the purchase payments
which are received in our home office become available to us for
use. Such interest will be credited at rates that we determine
from time to time. However, we guarantee that the rate will not be
less than the Guaranteed Interest Rate shown under Contract Data.

Variable Account Contract Value

The variable account contract value at any time will be: (1) the
sum of the value of all variable account accumulation units under
this contract resulting from purchase payments so allocated, or
transfers among the variable and fixed accounts; less (2) any units
deducted for charges or surrenders.

Annual Contract Charge

A $30 charge will be deducted from the contract value on the last
day of each contract year or, if earlier, at surrender. Any
deduction from the fixed account contract value will be limited to:
(1) the amount of interest credited in excess of 4%; plus (2) any
amounts allocated or transferred to the fixed account in that year.

Premium Tax Charges

A charge will be made by us against the contract value of this
contract at the time that any premium taxes not previously deducted
are payable.

<PAGE>
PAGE 13
CONTRACT VALUE (continued)

Transfers of Contract Values

While this contract is in force prior to the settlement date,
transfer of contract values may be made as outlined below:

1. You may transfer all or a part of the values held in one or
more of the variable accounts to another one or more of the
variable accounts. Subject to item 2, you may also transfer
values held in one or more of the variable accounts to the
fixed account.

2. On or within the 30 days after a contract anniversary you may
transfer values from the fixed account to one or more of the
variable accounts. Only one such transfer is allowed during
this period each year. If such a transfer is made, no
transfers from a variable account to the fixed account may be
made until the next contract anniversary.

You may make a transfer by written request. Transfer requests may
also be made by telephone if we have received a properly completed
authorization form. There is no fee or charge for these transfers.
However, the minimum transfer amount is $250, or if less, the
entire value in the account from which the transfer is being made.
This transfer privilege may be suspended or modified by us at any
time.

<PAGE>
PAGE 14
FIXED AND VARIABLE ACCOUNTS

The Fixed Account

The fixed account is our general account. It is made up of all of
our assets other than: (1) those in the variable accounts; and (2)
those in any other segregated asset account.

The Variable Accounts

The variable accounts are separate investment accounts of ours.
They are named under Contract Data. We have allocated a part of
our assets for this and certain other contracts to the variable
accounts. Such assets remain our property. However, they may not
be charged with the liabilities from any other business in which we
may take part.

Investments of the Variable Accounts

Purchase payments applied to the variable accounts will be
allocated as specified in your application for this contract or as
later changed. Each variable account will buy, at net asset value,
shares of the fund shown for that account under Contract Data or as
later added or changed.

Valuation of Assets

Mutual fund shares in the variable accounts will be valued at their
net asset value.

Variable Account Accumulation Units

The number of accumulation units for each of the variable accounts
is found by dividing: (1) the net amount allocated to the account;
by (2) the accumulation unit value for the account for the
valuation period during which we received the purchase payment.

Variable Account Accumulation Unit Value

The value of an accumulation unit for each of the variable accounts
was arbitrarily set at $1 when the first mutual fund shares were
bought. The value for any later valuation period is found as
follows:

The accumulation unit value for each variable account for the
last prior valuation period is multiplied by the net
investment factor for the same account for the next following
valuation period. The result is the accumulation unit value.
The value of an accumulation unit may increase or decrease
from one valuation period to the next.

<PAGE>
PAGE 15
FIXED AND VARIABLE ACCOUNTS (continued)

Net Investment Factor

The net investment factor is an index applied to measure the
investment performance of a variable account from one valuation
period to the next. The net investment factor may be greater or
less than one; therefore, the value of an accumulation unit may
increase or decrease.

The net investment factor for any such account for any valuation
period is determined by: dividing (1) by (2) and subtracting (3)
from the result. This is done where:

(1) is the sum of:

a. the net asset value per share of the mutual fund held in
the variable account determined at the end of the current
valuation period; plus

b. the per share amount of any dividend or capital gain
distributions made by the mutual fund held in the
variable account, if the "ex-dividend" date occurs during
the current valuation period.

(2) is the net asset value per share of the mutual fund held in
the variable account, determined at the end of the last prior
valuation period.

(3) is a factor representing the mortality and expense risk
charge.

Mortality and Expense Risk Charge

In calculating accumulation unit values we will deduct a mortality
and expense risk charge from the variable accounts equal, on an
annual basis, to 1.00% of the daily net asset value. This
deduction is made to compensate us for assuming the mortality and
expense risks under contracts of this type. The deduction is: (1)
made from each variable account; and (2) computed on a daily basis.

Annuity Unit Value

The value of an annuity unit for each variable account was
arbitrarily set at $1 when the first mutual funds were bought. The
value for any later valuation period is found as follows:

1. The annuity unit value for each variable account for the last
prior valuation period is multiplied by the net investment
factor for the account for the valuation period for which the
annuity unit value is being calculated.

2. The result is multiplied by an interest factor. This is done
to neutralize the assumed investment rate which is built into
the annuity tables on page 13.
<PAGE>
PAGE 16
SURRENDER PROVISIONS

Surrender

By written request and subject to the rules below you may:

1. surrender this contract for the total surrender value; or

2. partially surrender this contract for a part of the surrender
value.

Surrender Value

The surrender value at any time will be:

1. the contract value; less

2. the annual contract charge and any surrender charge.

Surrender Charge

This charge is based on:

1. the amount surrendered;

2. the contract year in which the surrender is made; and

3. the purchase payments which have been paid.

The schedule of surrender charges is shown under Contract Data.

Rules For Surrender

All surrenders will have the following conditions:

1. You must apply by written request: (a) while this contract is
in force; and (b) prior to the earlier of the retirement date
or the death of the annuitant.

2. You must surrender an amount equal to at least $250. The
contract value after a partial surrender must be at least
$600.

3. The amount surrendered, less any charges, will normally be
paid to you within seven days of the receipt of your written
request and this contract, if required. For surrenders from
the fixed account, we have the right to defer payment to you
for up to 6 months from the date we receive your request.

4. We will surrender a number of accumulation units from the
variable accounts and an amount from the fixed account needed
to equal: (a) the dollar amount you request; plus (b) any
surrender charge which may apply.

<PAGE>
PAGE 17
SURRENDER PROVISIONS (continued)

5. For partial surrenders, if you do not specify from which
accounts the surrender is to be made, the surrender will be
made from the variable accounts and fixed account in the same
proportion as your interest in each bears to the contract
value.

6. Any amounts surrendered and charges which may apply can not be
repaid.

Upon surrender for the full surrender value this contract will
terminate. We may require that you return the contract to us
before we pay the full surrender value.

Suspension or Delay in Payment of Surrender

We have the right to suspend or delay the date of any surrender
payment from the variable accounts for any period:

1. When the New York Stock Exchange is closed; or

2. When trading on the New York Stock Exchange is restricted; or

3. When an emergency exists as a result of which: (a) disposal of
securities held in the variable accounts is not reasonably
practicable; or (b) it is not reasonably practicable to fairly
determine the value of the net assets of the variable account;
or

4. During any other period when the Securities and Exchange
Commission, by order, so permits for the protection of
security holders.

Rules and regulations of the Securities and Exchange Commission
will govern as to whether the conditions set forth in 2 and 3 exit.

<PAGE>
PAGE 18
ANNUITY PROVISIONS

Settlement

When settlement occurs, the settlement value described below will
be applied to make annuity payments. The first payment will be
made as of the retirement date. This date is shown under Contract
Data. Before payments begin we will require satisfactory proof
that the annuitant is alive. We may also require that you exchange
this contract for a supplemental contract which provides the
annuity payments.

Settlement Value

If settlement occurs prior to the fifth contract anniversary, the
settlement value will be the surrender value. On or after such
date the settlement value will be the contract value.

Change of Retirement Date

The retirement date for this contract is as specified under
contract data. However, you may elect to change the retirement
date at any time upon at least 30 days written notice to us at our
home office. However, the retirement date may not be earlier than
the close of the annuitant's taxable year in which the annuitant
attains the age of 59-1/2 and not later than the April 1st
following the calendar year in which the annuitant attains age 70-
1/2.

Annuity Payment Plans

Subject to the terms of this contract, annuity payments may be made
on a fixed-dollar basis, a variable basis or a combination of both.
You can schedule receipt of annuity payments according to one of
the Plans A through E below or another plan agreed to by us
provided:

1. the Plan selected provides for equal or substantially equal
payments over a period no longer than the life of the
annuitant or over the life of the annuitant and a joint
annuitant; or

2. the Plan selected provides for equal or substantially equal
payments over a period which does not exceed the life
expectancy of the annuitant, or the life expectancy of the
annuitant and a joint annuitant.

Plan A - This provides monthly annuity payments during the
lifetime of the annuitant. No payments will be made after the
annuitant dies.

Plan B - This provides monthly annuity payments during the
lifetime of the annuitant with a guarantee by us that payments
will be made for a period of at least five, ten or fifteen
years. You must select the guaranteed period.
<PAGE>
PAGE 19
ANNUITY PROVISIONS (continued)

Plan C - This provides monthly annuity payments during the
lifetime of the annuitant with a guarantee by us that payments
will be made for a certain number of months. We determine the
number of months by dividing the amount applied under this
Plan by the amount of the first monthly annuity payment.

Plan D - Monthly payments will be paid during the lifetime of
the annuitant and a joint annuitant. When either the
annuitant or the joint annuitant dies we will continue to make
monthly payments during the lifetime of the survivor. No
payments will be paid after the death of both the annuitant
and joint annuitant.

Plan E - This provides monthly fixed dollar annuity payments
for a period of years. The period of years may be no less
than 5 nor more than 30.

By written request to us at least 30 days before the Retirement
Date, you may select a Plan or elect a lump sum payment of the
surrender value. If at least 30 days before the Retirement Date we
have not received at our home office your written request to select
a Plan, we will make payments according to Plan B with payments
guaranteed for ten years.

If the amount to be applied to a Plan would not provide an initial
monthly payment of at least $20, we have the right to make a lump
sum payment of the settlement value.

Fixed Annuity

A fixed annuity is an annuity with payments that are guaranteed by
us as to dollar amount. Fixed annuity payments after the first
payment will never be less than the amount of the first payment.
At settlement, the fixed account settlement value will be applied
to the applicable Annuity Table. This will be done in accordance
with the Payment Plan chosen. The amount payable for each $1,000
so applied is shown in Table B on page 14.

Variable Annuity

A variable annuity is an annuity with payments which: (1) are not
predetermined or guaranteed as to dollar amount; and (2) vary in
amount with the investment experience of the variable accounts.

Determination of First Variable Annuity Payment

At settlement, the variable account settlement value will be
applied to the applicable Annuity Table. This will be done: (1) on
the valuation date on or next preceding the seventh calendar day
before the retirement date; and (2) in accordance with the Payment
Plan chosen. The amount payable for the first payment for each
$1,000 so applied is shown in Table A on page 13.
<PAGE>
PAGE 20
ANNUITY PROVISIONS (continued)

Variable Annuity Payments After the First Payment

Variable annuity payments after the first payment vary in amount.
The amount changes with the investment performance of the variable
accounts. The dollar amount of variable annuity payments after the
first is not fixed. It may change from month to month. The dollar
amount of such payments is determined as follows:

1. The dollar amount of the first annuity payment is divided by
the value of an annuity unit as of the valuation date on or
next preceding the seventh calendar day before the retirement
date. This result establishes the fixed number of annuity
units for each monthly annuity payment after the first
payment. This number of annuity units remains fixed during
the annuity payment period.

2. The fixed number of annuity units is multiplied by the annuity
unit value as of the valuation date on or next preceding the
seventh calendar day before the date the payment is due. This
result establishes the dollar amount of the payment.

We guarantee that the dollar amount of each payment after the first
will not be affected by variations in expenses or mortality
experience.

Exchange of Annuity Units

Annuity units of any variable account may be exchanged for units of
any of the other variable accounts. This may be done no more than
once a year. Once annuity payments start no exchanges may be made
to or from any fixed annuity.

<PAGE>
PAGE 21
TABLE OF SETTLEMENT RATES

Table A below shows the amount of the first monthly variable
annuity payment, based on a 5% assumed investment return, for each
$1,000 of value applied under any Payment Plan. The amount of the
first and all subsequent monthly fixed dollar annuity payments for
each $1,000 of value applied under any Payment Plan will be based
on our fixed dollar Table of Settlement Rates in effect on the
settlement date. Such Rates are guaranteed to be not less than
those shown in Table B. The amount of such annuity payments under
Plans A, B, and C will depend upon the sex and the adjusted age of
the annuitant on the date of settlement. The amount of such
annuity payments under Plan D will depend upon the sex and adjusted
age of the annuitant and joint annuitant on the date of settlement.
Adjusted age shall be equal to the age nearest birthday minus an
"adjustment" depending on the calendar year of birth of the
annuitant as follows:

Calendar
Year of
Annuitant's
Birth Adjustment
Prior to 1920 0
1920 through 1924 1
1925 through 1929 2
1930 through 1934 3
1935 through 1939 4
1940 through 1944 5
1945 through 1949 6
1950 through 1959 7
1960 through 1969 8
1970 through 1979 9
1980 through 1989 10
After 1989 11

<PAGE>
PAGE 22
TABLE OF SETTLEMENT RATES (continued)
<TABLE>
<CAPTION>

TABLE A Dollar Amount of First Monthly Variable Annuity Payment Per $1,000 Applied
PLAN A PLAN B PLAN C PLAN D - Joint and Survivor
Adjusted Age of Female Joint Annuitant
Life 5 Years 10 Years 15 Years With Adj.
Adj. Income Certain Certain Certain Refund Male 10 Years 5 Years Same 5 Years 10 Years
Age* M F M F M F M F M F Age* Younger Younger Age Older Older
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
40 4.91 4.69 4.90 4.68 4.89 4.68 4.86 4.67 4.85 4.66 40 4.36 4.43 4.49 4.56 4.63
41 4.95 4.72 4.95 4.72 4.93 4.71 4.90 4.70 4.88 4.69 41 4.38 4.44 4.52 4.59 4.66
42 5.00 4.75 4.99 4.75 4.97 4.74 4.94 4.73 4.93 4.72 42 4.40 4.47 4.54 4.62 4.69
43 5.05 4.79 5.04 4.79 5.02 4.78 4.98 4.76 4.97 4.75 43 4.41 4.49 4.57 4.65 4.73
44 5.10 4.83 5.09 4.83 5.07 4.82 5.03 4.80 5.01 4.79 44 4.43 4.51 4.60 4.68 4.77
45 5.16 4.87 5.15 4.87 5.12 4.86 5.07 4.84 5.06 4.82 45 4.45 4.54 4.63 4.72 4.81
46 5.21 4.91 5.20 4.91 5.17 4.90 5.12 4.88 5.11 4.86 46 4.47 4.56 4.66 4.76 4.85
47 5.28 4.96 5.26 4.96 5.23 4.94 5.17 4.92 5.16 4.91 47 4.50 4.59 4.69 4.80 4.90
48 5.34 5.01 5.33 5.00 5.29 4.99 5.23 4.96 5.21 4.95 48 4.52 4.62 4.73 4.84 4.94
49 5.41 5.06 5.39 5.05 5.35 5.04 5.28 5.01 5.27 4.99 49 4.55 4.65 4.76 4.88 5.00
50 5.48 5.12 5.46 5.11 5.41 5.09 5.34 5.06 5.33 5.04 50 4.57 4.68 4.80 4.93 5.05
51 5.55 5.17 5.53 5.17 5.48 5.14 5.40 5.11 5.39 5.09 51 4.60 4.72 4.85 4.98 5.11
52 5.63 5.23 5.61 5.23 5.55 5.20 5.46 5.16 5.46 5.15 52 4.63 4.75 4.89 5.03 5.17
53 5.71 5.30 5.69 5.29 5.63 5.26 5.53 5.22 5.53 5.20 53 4.66 4.79 4.94 5.09 5.23
54 5.80 5.37 5.77 5.36 5.70 5.33 5.60 5.28 5.60 5.26 54 4.70 4.84 4.99 5.15 5.30
55 5.89 5.44 5.86 5.43 5.79 5.40 5.67 5.34 5.68 5.33 55 4.73 4.88 5.04 5.21 5.38
56 5.99 5.52 5.96 5.51 5.88 5.47 5.74 5.40 5.76 5.39 56 4.77 4.93 5.10 5.28 5.46
57 6.10 5.60 6.06 5.59 5.97 5.54 5.82 5.47 5.84 5.47 57 4.81 4.98 5.16 5.35 5.54
58 6.21 5.69 6.17 5.68 6.07 5.62 5.90 5.54 5.94 5.54 58 4.85 5.03 5.23 5.43 5.63
59 6.33 5.79 6.29 5.77 6.17 5.71 5.98 5.62 6.03 5.62 59 4.90 5.09 5.30 5.52 5.73
60 6.46 5.89 6.42 5.87 6.28 5.80 6.07 5.69 6.13 5.70 60 4.94 5.15 5.37 5.61 5.83
61 6.60 6.00 6.55 5.97 6.40 5.90 6.16 5.78 6.24 5.79 61 5.00 5.21 5.45 5.70 5.95
62 6.75 6.11 6.69 6.08 6.52 6.00 6.25 5.86 6.36 5.89 62 5.05 5.28 5.54 5.81 6.07
63 6.91 6.23 6.84 6.20 6.64 6.11 6.34 5.95 6.48 5.99 63 5.11 5.35 5.63 5.92 6.20
64 7.09 6.37 7.01 6.33 6.78 6.22 6.43 6.04 6.61 6.10 64 5.17 5.43 5.73 6.04 6.34
65 7.27 6.51 7.18 6.47 6.91 6.34 6.52 6.14 6.74 6.21 65 5.23 5.52 5.83 6.17 6.49
66 7.47 6.66 7.36 6.61 7.06 6.47 6.62 6.24 6.88 6.33 66 5.30 5.61 5.95 6.30 6.65
67 7.68 6.82 7.56 6.77 7.21 6.60 6.71 6.34 7.04 6.46 67 5.38 5.70 6.07 6.45 6.82
68 7.91 7.00 7.76 6.93 7.36 6.74 6.81 6.44 7.19 6.60 68 5.46 5.80 6.20 6.61 7.01
69 8.15 7.19 7.98 7.11 7.52 6.89 6.90 6.54 7.36 6.74 69 5.54 5.92 6.34 6.79 7.21
70 8.41 7.39 8.21 7.31 7.68 7.04 6.98 6.65 7.54 6.90 70 5.63 6.03 6.49 6.97 7.42
71 8.69 7.62 8.46 7.51 7.84 7.21 7.07 6.75 7.73 7.06 71 5.73 6.16 6.65 7.17 7.66
72 8.99 7.86 8.71 7.74 8.01 7.38 7.15 6.86 7.92 7.24 72 5.84 6.30 6.83 7.39 7.90
73 9.31 8.12 8.98 7.98 8.18 7.56 7.23 6.96 8.13 7.42 73 5.95 6.44 7.02 7.62 8.17
74 9.65 8.41 9.27 8.23 8.35 7.74 7.30 7.06 8.35 7.63 74 6.07 6.60 7.22 7.87 8.46
75 10.02 8.72 9.57 8.51 8.52 7.93 7.37 7.15 8.58 7.84 75 6.19 6.77 7.44 8.14 8.77
* Adjusted age of annuitant. M = Male F = Female

Table A above is based on the "1983 Individual Annuity Mortality Table a." Settlement rates for any age, or any combination of age
and sex not shown above, will be calculated on the same basis as those rates shown in the table above. Such rates will be
furnished by us upon request.
</TABLE>
<PAGE>
PAGE 23
TABLE OF SETTLEMENT RATES (continued)
<TABLE>
<CAPTION>

TABLE B Dollar Amount of Each Monthly Fixed Dollar Annuity Payment Per $1,000 Applied
PLAN A PLAN B PLAN C PLAN D - Joint and Survivor
Adjusted Age of Female Joint Annuitant
Life 5 Years 10 Years 15 Years With Adj.
Adj. Income Certain Certain Certain Refund Male 10 Years 5 Years Same 5 Years 10 Years
Age* M F M F M F M F M F Age* Younger Younger Age Older Older
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
40 4.27 4.04 4.26 4.04 4.25 4.03 4.23 4.02 4.20 4.01 40 3.69 3.76 3.84 3.92 4.00
41 4.31 4.07 4.31 4.07 4.30 4.07 4.27 4.06 4.24 4.04 41 3.71 3.79 3.87 3.95 4.03
42 4.36 4.11 4.36 4.11 4.34 4.10 4.32 4.09 4.28 4.07 42 3.73 3.81 3.90 3.99 4.07
43 4.42 4.15 4.41 4.15 4.39 4.14 4.36 4.13 4.32 4.11 43 3.75 3.84 3.93 4.02 4.11
44 4.47 4.19 4.46 4.19 4.44 4.18 4.41 4.17 4.37 4.15 44 3.77 3.86 3.96 4.06 4.15
45 4.53 4.24 4.52 4.23 4.50 4.23 4.46 4.21 4.42 4.19 45 3.80 3.89 3.99 4.10 4.19
46 4.59 4.28 4.58 4.28 4.55 4.27 4.51 4.25 4.47 4.23 46 3.82 3.92 4.03 4.14 4.24
47 4.65 4.33 4.64 4.33 4.61 4.32 4.56 4.30 4.52 4.27 47 3.85 3.95 4.07 4.18 4.29
48 4.72 4.38 4.71 4.38 4.67 4.37 4.62 4.34 4.58 4.32 48 3.87 3.98 4.10 4.22 4.34
49 4.79 4.44 4.77 4.43 4.74 4.42 4.68 4.39 4.63 4.36 49 3.90 4.02 4.15 4.27 4.39
50 4.86 4.50 4.85 4.49 4.81 4.47 4.74 4.45 4.69 4.41 50 3.93 4.06 4.19 4.32 4.45
51 4.94 4.56 4.92 4.55 4.88 4.53 4.80 4.50 4.76 4.47 51 3.96 4.09 4.23 4.38 4.51
52 5.02 4.62 5.00 4.61 4.95 4.59 4.87 4.56 4.82 4.52 52 4.00 4.13 4.28 4.43 4.57
53 5.10 4.69 5.08 4.68 5.03 4.66 4.94 4.62 4.90 4.58 53 4.03 4.18 4.33 4.49 4.64
54 5.19 4.76 5.17 4.75 5.11 4.72 5.01 4.68 4.97 4.64 54 4.07 4.22 4.39 4.56 4.72
55 5.29 4.84 5.26 4.83 5.20 4.80 5.09 4.74 5.05 4.71 55 4.11 4.27 4.45 4.62 4.79
56 5.39 4.92 5.36 4.91 5.29 4.87 5.17 4.81 5.13 4.77 56 4.15 4.32 4.51 4.70 4.88
57 5.49 5.00 5.47 4.99 5.38 4.95 5.25 4.88 5.21 4.85 57 4.19 4.37 4.57 4.77 4.96
58 5.61 5.09 5.58 5.08 5.48 5.03 5.33 4.96 5.30 4.92 58 4.24 4.43 4.64 4.85 5.06
59 5.73 5.19 5.70 5.17 5.59 5.12 5.42 5.04 5.40 5.00 59 4.28 4.49 4.71 4.94 5.16
60 5.86 5.29 5.82 5.27 5.70 5.22 5.51 5.12 5.50 5.09 60 4.34 4.55 4.79 5.03 5.27
61 6.00 5.40 5.96 5.38 5.82 5.32 5.60 5.21 5.60 5.18 61 4.39 4.62 4.87 5.13 5.38
62 6.16 5.52 6.10 5.50 5.95 5.42 5.69 5.30 5.72 5.27 62 4.45 4.69 4.96 5.24 5.50
63 6.32 5.65 6.26 5.62 6.08 5.53 5.79 5.39 5.83 5.37 63 4.51 4.77 5.06 5.35 5.64
64 6.49 5.78 6.42 5.75 6.21 5.65 5.89 5.49 5.96 5.48 64 4.57 4.85 5.16 5.48 5.78
65 6.68 5.92 6.60 5.89 6.35 5.77 5.98 5.58 6.09 5.59 65 4.64 4.94 5.27 5.61 5.93
66 6.88 6.08 6.78 6.03 6.50 5.90 6.08 5.69 6.23 5.71 66 4.71 5.03 5.38 5.75 6.09
67 7.09 6.24 6.98 6.19 6.65 6.04 6.18 5.79 6.38 5.83 67 4.79 5.13 5.51 5.90 6.27
68 7.31 6.42 7.18 6.36 6.81 6.19 6.28 5.90 6.53 5.97 68 4.87 5.24 5.64 6.06 6.46
69 7.56 6.61 7.40 6.54 6.97 6.34 6.37 6.01 6.69 6.11 69 4.96 5.35 5.78 6.24 6.66
70 7.82 6.81 7.64 6.74 7.14 6.50 6.47 6.12 6.86 6.26 70 5.06 5.47 5.94 6.43 6.87
71 8.09 7.04 7.88 6.95 7.31 6.67 6.55 6.22 7.04 6.42 71 5.16 5.60 6.10 6.63 7.11
72 8.39 7.28 8.14 7.17 7.48 6.84 6.64 6.33 7.23 6.59 72 5.26 5.74 6.28 6.84 7.36
73 8.71 7.54 8.41 7.41 7.65 7.02 6.72 6.44 7.43 6.77 73 5.38 5.89 6.47 7.08 7.62
74 9.05 7.83 8.70 7.67 7.83 7.21 6.80 6.54 7.64 6.97 74 5.50 6.05 6.68 7.33 7.91
75 9.41 8.14 9.00 7.95 8.00 7.40 6.87 6.64 7.86 7.17 75 5.63 6.22 6.90 7.60 8.22
* Adjusted age of annuitant. M = Male F = Female

Table B above is based on the "1983 Individual Annuitant Mortality Table A" assuming an interest rate of 4% per year compounded
annually. Settlement rates for any age, or any combination of age and sex not shown above, will be calculated on the same basis as
those rates shown in the table above. Such rates will be furnished by us upon request. Amounts shown in the Table below are based
on an assumed interest rate of 4% per year compounded annually.
</TABLE>
<TABLE>
<CAPTION>

PLAN E Dollar Amount of Each Monthly Fixed Dollar Annuity Payment Per $1,000 Applied

Years Monthly Years Monthly Years Monthly
Payable Payment Payable Payment Payable Payment
<C> <C> <C> <C> <C> <C>
5 18.32 15 7.34 25 5.22
6 15.56 16 7.00 26 5.10
7 13.59 17 6.71 27 5.00
8 12.12 18 6.44 28 4.90
9 10.97 19 6.21 29 4.80
10 10.06 20 6.00 30 4.72
11 9.31 21 5.81
12 8.69 22 5.64
13 8.17 23 5.49
14 7.72 24 5.35
</TABLE>
<PAGE>
PAGE 24
DEFERRED ANNUITY CONTRACT

IDS Life Insurance Company
IDS Tower 10
Minneapolis, MN 55440

<PAGE>
PAGE 1
CERTIFICATE OF INCORPORATION
OF
IDS LIFE INSURANCE COMPANY

We, the undersigned, for the purpose of forming an insurance
corporation under and pursuant to the provisions of the Minnesota
Statutes, Chapter 300 relating thereto, and of any amendments
thereof, do hereby associate ourselves as a body corporate and do
hereby adopt the following Articles of Incorporation:

ARTICLE I

The name of this Corporation shall be IDS Life Insurance
Company.

ARTICLE II

The purposes of and general nature of its business shall be:

(a) To engage in the general business of a life insurance
company, and to effect all forms, types, variations and
combinations of life insurance, endowment or annuity
contracts or policies, on a group or individual basis,
for the payment of money in a single sum or in
installments upon the contingencies of death, disability
or survivorship. To provide in such policies or
contracts supplemental thereto, for additional benefits
in the event of the death of the insured by accidental
means, total and permenent [sic] disability of the
insured, or specific dismemberment or disablement
suffered by the insured.

(b) To engage in the general business of an accident and
health insurance company, for the purpose of effecting
insurance against loss or damage by the sickness, bodily
injury or death by accident of the assured or his
dependents, on a group or individual basis; to effect all
forms, types, variations and combinations of policies or
contracts of insurance providing for indemnities in the
event of death, sickness or disability.

(c) To effect contracts of reinsurance or co-insurance of any
individual or group risk underwritten by this
Corporation, to reinsure risks of this Corporation or any
part thereof with any other company or to reinsure the
whole of or any portion of the risks of any other
company.

(d) To effect all other contracts of insurance authorized by
clauses (4) and (5)(a) of subdivision 1 of Section 60.29
of Minnesota Statutes.

(e) To have one or more offices and to conduct business in
this state or elsewhere.

<PAGE>
PAGE 2
(f) To acquire, hold and dispose of shares of stock, notes,
bonds or other evidences of indebtedness or securities of
any other corporation or corporations.

(g) To transact all business and to do all other things
necessary or incidental to the foregoing purposes.

ARTICLE III

The duration of this Corporation shall be perpetual.

ARTICLE IV

The principal place of transacting the business of this
Corporation shall be the City of Minneapolis, State of Minnesota.

ARTICLE V

2/9/72
10/18/85
The capital stock of this Corporation shall consist of One
Hundred Thousand (100,000) shares of stock with a par value of
Thirty Dollars ($30.00) per share. The amount of stated capital of
this Corporation shall be Three Million Dollars ($3,000,000).

ARTICLE VI

(1) The general management of this Corporation shall be
vested in a Board of Directors.

(2) The names and post office addresses of the members of the
first Board of Directors are respectively as follows:

Joseph M. Fitzsimmons 800 Investors Building
Minneapolis 2, Minnesota

John W. McCartin 800 Investors Building
Minneapolis 2, Minnesota

Virgil C. Sullivan 800 Investors Building
Minneapolis 2, Minnesota

A. Edward Archibald 800 Investors Building
Minneapolis 2, Minnesota

Harold E. Miller, M.D. 1531 Medical Arts Building
Minneapolis 2, Minnesota

Said named Directors shall serve as such until the first
annual meeting of the shareholders of the Corporation and until
their successors have been duly elected and qualified.

ARTICLE VII

The first Board of Directors of this Corporation shall have
full power and authority to make and adopt By-Laws for the
government of this Corporation and its affairs as they may deem
advisable or necessary and as shall not be inconsistent with the
<PAGE>
PAGE 3
provisions of these Articles. The By-Laws may be amended or
altered by the shareholders at any regular or special meeting
called therefor.

ARTICLE VIII

These Articles of Incorporation may be amended by the
affirmative vote of the holders of a majority of the voting power
of the capital stock.

ARTICLE IX

The first meeting of the Corporation shall be a meeting of the
Incorporators and Subscribers to the capital stock of the
Corporation. Three days' written notice of such meeting shall be
given unless there is a written Waiver of Notice.

ARTICLE X

The names and post office addresses of the Incorporators are
as follows:

Lloyd J. Muehlberg 800 Investors Building
Minneapolis 2, Minnesota

Joseph F. Grinnell 800 Investors Building
Minneapolis 2, Minnesota

Edward M. Burke 800 Investors Building
Minneapolis 2, Minnesota

IN TESTIMONY WHEREOF we have set our hands this 23rd day of July,
1957.

IN PRESENCE OF: Lloyd J. Muehlberg

M. Gould Joseph F. Grinnell

D. Fairchild Edward M. Burke

State of Minnesota )
) SS.
County of Hennepin )

On this 23rd day of July, 1957, before me, a Notary Public,
personally appeared Lloyd J. Muehlberg, Joseph F. Grinnell, and
Edward M. Burke, to me known to be the persons named in and who
executed the foregoing instrument, and they acknowledged to me that
they executed the same as their free act and deed and for the uses
and purposes therein expressed.

(Notarial seal) Helen M. Bochnak
Helen M. Bochnak
Notary Public, Hennepin County, Minn.
My Commission Expired Nov. 12, 1958
<PAGE>
PAGE 4
APPROVAL OF COMMISSIONER OF INSURANCE

The foregoing Certificate of Incorporation of Investors
Syndicate Life Insurance and Annuity Company is hereby approved
this 24th day of July, 1957.

Cyril C. Sheehan
Commissioner of Insurance
State of Minnesota
J.O.M.

<PAGE>
PAGE 1
AMENDED BY-LAWS OF IDS LIFE INSURANCE COMPANY

ARTICLE I

OFFICES

Section 1. The principal place of transacting the business of
this Corporation shall be in the City of Minneapolis, State of
Minnesota.

Section 2. The Corporation may also have offices at such
other places, within or without the State, as the Board of
Directors may from time to time determine or the business of the
Corporation may require.

ARTICLE II

STOCKHOLDERS' MEETINGS

Section 1. All meetings of stockholders for the election of
Directors shall be held at the principal office of the Corporation
in the City of Minneapolis, Minnesota. Meetings of stockholders
for any other purpose may be held at such place, within or without
the State of Minnesota, and at such time as may be designated in
the call and notice thereof.

Section 2. The annual meeting of stockholders for the
election of Directors and the transaction of such other business as
may properly come before the meeting shall be held on the Wednesday
following the first Tuesday on or after the nineteenth day of April
in each year, at 10:30 o'clock A.M. Election of Directors shall be
by plurality vote.

Section 3. In the event the stockholders shall fail to hold
an annual meeting at the time specified therefor in Section 2 of
this Article, or the Directors are not elected thereat, Directors
may be elected at a special meeting held for that purpose upon call
and notice as hereinafter provided for a special meeting of
stockholders.

Section 4. Special meetings of stockholders may be called for
any purpose or purposes at any time by the President, the
Secretary, the Board of Directors, any two or more members of the
Board of Directors or in the manner hereinafter provided by one or
more stockholders holding not less than one-tenth of the issued and
outstanding stock entitled to vote. Upon request in writing by
registered mail or delivered in person to the President, any Vice
President, or Secretary, by any person or persons entitled to call
a meeting of stockholders, such officer shall forthwith cause
notice to be given to the stockholders entitled to vote at a
special meeting of stockholders to be held at such time and place
as such officer shall fix, not less than ten pr more than sixty
days after the receipt of such request. Any such request shall
state the purpose or purposes of the proposed meeting.

<PAGE>
PAGE 2
Section 5. Written notice of each meeting of stockholders,
stating the time and place, and in case of a special meeting the
purpose thereof, shall be served upon or mailed to each stockholder
of record entitled to vote thereat at such address as appears on
the stock register of the Corporation, at least ten days before
such meeting.

Section 6. Notice of the time, place and purpose of any
meeting of shareholders, whether required by statute, by the
Articles of Incorporation or by these By-Laws, may be waived in
writing by any stockholder. Such waiver may be given before or
after the meeting, and shall be filed with the Secretary or entered
upon the records of the meeting.

Section 7. Business transacted at all special meetings shall
be confined to the objects stated in the call.

Section 8. The presence, at any meeting of stockholders, in
person or by proxy of the holders of a majority of the stock
entitled to vote thereat shall constitute a quorum for the
transaction of business, except as otherwise provided by statute.
If, however, a quorum shall not be present at any meeting of the
stockholders, the stockholders present in person or by proxy shall
have power to adjourn the meeting from time to time, until a quorum
shall be present. If any meeting of stockholders be adjourned to
another time or place, whether for lack of quorum or otherwise, no
notice as to such adjourned meeting need be given other than by an
announcement, giving the time and place thereof, at the meeting at
which the adjournment is taken. At such adjourned meeting at which
a quorum shall be present, any business may be transacted which
might have been transacted at the meeting as originally noticed.
The stockholders present at a duly called or held meeting at which
a quorum is present may continue to transact business until final
adjournment, notwithstanding the withdrawal of enough stockholders
to leave less than a quorum.

Section 9. At each meeting of the stockholders, every
stockholder of record at the date fixed by the Board of Directors
as the record date for the determination of the persons entitled to
vote at a meeting of stockholders, or, of not date has been fixed,
then at the date of the meeting, shall be entitled at such meeting
to one vote for each share having voting power standing in his name
on the books of the Corporation. A stockholder may cast his vote
or votes in person or by proxy. The appointment of a proxy shall
be in writing filed with the Secretary at or before the meeting.

ARTICLE III

BOARD OF DIRECTORS

Section 1. The number of directors which shall constitute the
whole Board shall not be less than three nor more than fourteen, as
the stockholders may from time to time determine. The President of
the Corporation shall be a Director. Directors shall be elected at
the annual meeting of the stockholders of the Corporation, except
that if the number of directors is increased at any time other than
at an annual meeting of stockholders, an additional Director or
<PAGE>
PAGE 3
Directors to fill the places on the Board created by any such
increase may be elected at a special meeting of stockholders called
for that purpose. Each Director shall be elected to serve until
the next annual meeting of the stockholders and until his successor
shall be elected and shall quality.

Section 2. Vacancies in the Board of Directors, not to exceed
one-third of the members of the Board in any one year, shall be
filled by the remaining members of the Board, though less than a
quorum, and each person so elected shall be a Director until his
successor is elected by the stockholders who may make such election
at their next annual meeting or at any special meeting called for
that purpose. A vacancy in the Board of Directors, which cannot be
filled by the remaining members of the Board, shall be filled by
the stockholders at any special meeting called for that purpose.

Section 3. The Board of Directors shall have the general
management, control and supervision of all business and affairs of
the Corporation, and shall fix and change, as it may from time to
time determine, by majority vote, the compensation to be paid
Directors, officers and agents of the Corporation, and do all such
lawful acts and things as are not by statue [sic] or by the
Articles of Incorporation or by the By-Laws directed or required to
be exercised or done by the stockholders.

ARTICLE IV

EXECUTIVE COMMITTEE

Section 1. The Board of Directors may, by affirmative action
of the entire Board, designate two or more of their number, one of
which shall be the President, to constitute an Executive Committee,
which, to the extent determined by affirmative action of the entire
Board, shall have and exercise the authority of the Board in the
management of the business or the Corporation. Any such Executive
Committee shall act only in the interval between meetings of the
Board, and shall be subject at all times to the control and
direction of the Board. The Executive Committee shall keep regular
minutes of its proceedings and report the same to the Board.

ARTICLE V

MEETINGS OF THE BOARD OF DIRECTORS

Section 1. The annual meeting of the Board of Directors of
the Corporation shall be held at its principal office in the City
of Minneapolis, Minnesota, as soon as practicable after the final
adjournment of the annual meeting of the stockholders in each year,
and no notice of such meeting shall be necessary to the newly
elected Directors in order to legally constitute the meeting
provided a quorum shall be present; except, however, that such
meeting may be held at such other place, whether in this state or
elsewhere, as a majority of the Board of Directors may have
previously determined.

<PAGE>
PAGE 4
Section 2. Regular meetings of the Board of Directors may be
held without notice at such time and place either within or without
the State of Minnesota, as shall from time to time have been
previously determined by the Board.

Section 3. Special meetings of the Board may be called by the
President on two days notice to each Director, either personally or
by mail or telegram; special meetings shall be called by the
President or Secretary in like manner and on like notice on the
written request of two Directors. Any Directors may, in writing,
either before or after the meeting, waive notice thereof; and,
without notice, any Director by his attendance at and participation
in the action taken at the meeting shall be deemed to have waived
notice.

Section 4. At all meetings of the Board of Directors, a
majority of the Directors shall be necessary and sufficient to
constitute a quorum for the transaction of business; and the acts
of a majority of the Directors present at a meeting at which a
quorum is present shall be the acts of the Board of Directors. If
a quorum shall not be present at any meeting of Directors, the
Directors present thereat may adjourn the meeting from time to
time, until a quorum shall be present. No notice of an adjourned
meeting, whether for lack of quorum or otherwise, need be given
other than by announcement, giving the time and place thereof, at
the meeting at which the adjournment is taken.

Section 5. Any action, which might be taken at a meeting of
the Board of Directors, may be taken without a meeting if done in
writing signed by all of the Directors.

ARTICLE VI

NOTICES

Section 1. Whenever under the provisions of statutes or of
the Articles of Incorporation or of the By-Laws, notice is required
to be given to any Directors or stockholder, it shall not be
construed to mean personal notice, but such notice may be given in
writing by depositing the same in a post office or letter box, in a
postpaid sealed wrapper, addressed to such Director or stockholder
at such address as appears on the stock register or books of this
Corporation, or, in default of address appearing in the stock
register of the Corporation or any known address, to such Director
or stockholder at the Main Post Office in the City of Minneapolis,
Minnesota, and such notice shall be deemed to be given at the time
when the same shall thus be mailed.

ARTICLE VII

OFFICERS

Section 1. The officers of the Corporation shall be a
Chairman of the Board, a President, one or more Vice Presidents
(the number thereof to be determined by the Board of Directors), a
Treasurer, a Secretary, a Medical Director, and such Assistant
Treasurers, Assistant Secretaries, and such other officers as the
<PAGE>
PAGE 5
Board of Directors may deem necessary. All officers of the
Corporation shall exercise such powers and perform such duties and
shall be set forth in these By-Laws and as shall be determined from
time to time by the Board of Directors or by the President. Any
two of the offices, except those of President and Vice President,
Treasurer and Assistant Treasurer, and Secretary and Assistant
Secretary may be held by the same person.

Section 2. The Board of Directors, at its annual meeting,
shall elect a Chairman of the Board, a President, a Secretary, a
Treasurer, a Medical Director and such Executive Vice Presidents or
Senior Vice Presidents as the Board shall determine. Only the
Chairman of the Board and the President need be a member of the
Board. The President, or his designee, may appoint any other
officers permitted by Section 1 of this Article.

Section 3. The officers of the Corporation shall, except in
the event of death, resignation, or removal by the Board of
Directors, hold office until their successors are chosen and
quality in their stead. Any officer elected by the Board of
Directors may be removed at any time by the Board of Directors with
or without cause; such removal, however, shall be without prejudice
to the contract rights, if any, of the person so removed. When a
vacancy for any reason occurs among the officers, the Board of
Directors shall have the power to elect a successor to fill such
vacancy for the unexpired term.

Section 4. Chairman of the Board. The Chairman of the Board
shall preside at all meetings of the stockholders and of the Board
of Directors, and will perform such other duties as are assigned to
him by the Board of Directors.

Section 5. President. The President shall be the chief
executive officer of the Corporation. He shall have general and
active supervision and direction over the business affairs of the
Corporation and over its several officers, subject to the control
of the Board of Directors whose policies he shall execute. He
shall see that all lawful orders and resolutions of the Board of
Directors and of the Executive Committee are carried into effect
and he shall make or cause to be made timely and appropriate
reports to the Board of Directors of all matters which in the
interest of the Corporation are required to be brought to their
notice. He shall be a member of the Executive Committee and shall
preside at its meetings and he shall ex officio be a member of all
standing committees or other committees as may be from time to time
constituted or appointed by the Board of Directors.

Section 6. Secretary. The Secretary shall attend all
meetings of the Board of Directors and of the stockholders and
record their proceedings in a book to be kept for that purpose, and
shall perform like duties for the Executive Committee when
required. In case the Secretary shall be absent from any meeting,
the Chairman of the meeting may appoint a temporary secretary to
act at such meeting. The Secretary shall give, or cause to be
given, notice of all meetings of the stockholders and special
meetings of the Board of Directors. He shall have the custody of
<PAGE>
PAGE 6
the stock register, minute books and the seal of the Corporation,
and shall make such reports and perform such other duties as are
incident to this office or are properly required of him by the
Board of Directors.

Section 7. Treasurer. The Treasurer, unless otherwise
ordered by the Board of Directors, shall have the custody of all
the funds and securities of the Corporation, and shall deposit all
monies and valuables in the name of and to the credit of the
Corporation in such banks or depositories as the Board of Directors
may designate, and shall keep regular books of account, and shall
have custody of the books and records incident to his office and
such as the Board of Directors may direct, and he shall have such
other powers and shall perform such other duties as are incident to
his office or which are properly required of him by the Board of
Directors.

Section 8. Medical Director. The Medical Director shall,
under the direction of the Board of Directors, appoint all medical
examiners for this Corporation and shall have such other powers and
shall perform such other duties as are incident to his office or
which are properly required of him by the Board of Directors. In
his absence or inability to act, an assistant, designated by the
Executive Committee, may act for and in his stead.

Section 9. The powers and duties of all other officers shall
be such as are usual in like corporations under the direction and
control of the Board of Directors.

ARTICLE VIII

CLOSING OF TRANSFER BOOKS AND FIXING OF RECORD DATE

Section 1. The Board of Directors may fix a time, not less
than twenty nor more than forty days preceding the date of any
meeting of stockholders, as a record date for the determination of
the stockholders entitled to notice of any to vote at such meeting,
and in such case by stockholders of record on the date so fixed, or
their legal representatives, shall be entitled to notice of and to
vote at such meeting, notwithstanding any transfer of any shares on
the books of the Corporation after any record date so fixed. The
Board of Directors may close the books of the Corporation against
transfers of shares during the whole or any part of such period.

Section 2. The Board of Directors may fix a time not
exceeding forty days preceding the date fixed for the payment of
any dividend or distribution, or the date for the allotment of
rights, or, subject to contract rights with respect thereto, the
date when any change or conversion or exchange of shares shall be
made or go into effect, as a record date for the determination of
the stockholders entitled to receive payment of any such dividend,
distribution or allotment of rights or to exercise rights in
respect to any such change, conversion or exchange of shares, and
in such case only stockholders of record on the date so fixed shall
be entitled to receive payment of such dividend, distribution or
allotment of rights or to exercise such rights of change,
conversion or exchange of shares, as the case may be,
<PAGE>
PAGE 7
notwithstanding any transfer of any shares on the books of the
Corporation after any record date fixed as aforesaid. The Board of
Directors may close the books of the Corporation against the
transfer of shares during the whole or any part of such period.

ARTICLE IX

MISCELLANEOUS

Section 1. The Corporation shall be entitled to treat the
holder of record of any share or shares of stock as the holder in
fact thereof, and, accordingly, shall not be found to recognize any
equitable or other claim to or interest in such share on the part
of any other person, whether or not it shall have express or other
notice thereof, except as expressly provided by the laws of the
State of Minnesota.

Section 2. The Corporation shall indemnify any person who was
or is a party or is threatened to be made a party, by reason of the
fact that he is or was a Manager of Variable Annuity Funds A and B,
director, officer, employee or agent of this Corporation, or is or
was serving at the direction of the Corporation as a Manager of
Variable Annuity Finds A and B, director, officer, employee or
agent of another corporation, partnership, joint venture, trust or
other enterprise, to any threatened, pending or completed action,
suit or proceeding, wherever brought, to the fullest extent
permitted by the laws of the State of Minnesota, as now existing or
hereafter amended, provided that this Article shall not indemnify
or protect any such Manager of Variable Annuity Funds A and B,
director, officer, employee or agent against any liability to the
Corporation or its security holders to which he would otherwise be
subject by reason of willful misfeasance, bad faith, or gross
negligence, in the performance of his duties or by reason of his
reckless disregard of his obligations and duties.

ARTICLE X

LOST STOCK CERTIFICATES

Section 1. The Board of Directors may direct a new
certificate or certificates to be issued in place of any
certificate or certificates theretofore issued by the Corporation
alleged to have been destroyed or lost upon the making of an
affidavit of that fact by the person claiming the certificate of
stock to be lost or destroyed, and the Board of Directors, when
authorizing such issue of a new certificate or certificates, may,
in its discretion and as a condition precedent to the issuance
thereof, require the owner of such lost or destroyed certificate or
certificates, or his legal representative, to advertise the same in
such manner as it shall require and/or give the Corporation a bond
in such sum as it may direct, to indemnify the Corporation against
any claim arising from the issues of such new certificate.

<PAGE>
PAGE 8
ARTICLE XI

POLICIES, CONTRACTS AND CONVEYANCES

Section 1. Subject to the provisions of Section 2 of the
Article, the President or any Vice President may with the Secretary
or any Assistant Secretary, sign, cause the corporate seal to be
affixed thereto when necessary, acknowledge and deliver all
conveyances, contracts, deeds, notes, mortgages, satisfactions,
leases, assignments, licenses, transfers, powers of attorney,
certificates for shares of stock, and all other similar and
dissimilar instruments.

The Board of Directors may by resolution authorize any officer or
officers alone or with another officer or officers, to sign, or
counter-sign, cause the corporate seal to be affixed thereto when
necessary, acknowledge and deliver any written instrument, or class
of written instruments, for and on behalf of this Corporation.

Section 2. All insurance, annuity or endowment policies or
contracts issued by this Corporation and all reinsurance agreements
of this Corporation shall be signed by the President or a Vice
President and the Secretary or an Assistant Secretary. The
signature of any of said officers, on the foregoing or any other
instrument may be a facsimile signature, if the same is
countersigned by an officer or employee duly authorized by the
Board of Directors or Executive Committee of this Corporation to
counter-sign the same.

Section 3. All checks, demands for money, and notes of the
Corporation shall be signed by such officer or officers or such
other person or persons as may from time to time be authorized by
the Board of Directors.

ARTICLE XII

AMENDMENTS OF BY-LAWS

Section 1. These By-Laws may be altered at any regular
meeting of the stockholders, or at any special meeting of the
stockholders at which a quorum is present or represented, provided
notice of the proposed alternation is contained in the notice of
such meeting, by the affirmative vote of the holders of a majority
of the shares issued and outstanding and entitled to vote at such
meeting and present or represented thereat.

<PAGE>
PAGE 1

Consent of Independent Auditors

We consent to the reference to our firm under the caption
"Independent Auditors" and to the use of our reports dated February
3, 1994 on the consolidated financial statements and financial
statement schedules of IDS Life Insurance Company and our report
dated March 18, 1994 on the financial statements of IDS Life
Accounts F, IZ, JZ, G, H and N for the Variable Retirement and
Combination Retirement Annuities to be offered by IDS Life
Insurance Company, in Post-Effective Amendment No. 24 to the
Registration Statement (Form N-4 No. 2-73114) being filed under the
Securities Act of 1933 and the Investment Company Act of 1940.

Ernst & Young
Minneapolis, Minnesota
April 22, 1994

INDEPENDENT AUDITORS
<PAGE>
PAGE 1

Report of Independent Auditors

The Board of Directors
IDS Life Insurance Company

We have audited the consolidated financial statements of IDS Life
Insurance Company as of December 31, 1993 and 1992, and for each of
the three years in the period ended December 31, 1993, and have
issued our report thereon dated February 3, 1994 (included
elsewhere in this Registration Statement).

Our audits also included the financial statement schedules I, V,
VI, VIII and IX included elsewhere in this Registration Statement.
These schedules are the responsibility of the Company's management.
Our responsibility is to express an opinion based on our audits.

In our opinion, the financial statement schedules referred to
above, when considered in relation to the basic financial
statements taken as a whole, present fairly, in all material
respects, the information set forth therein.

Ernst & Young
Minneapolis, Minnesota
February 3, 1994
<PAGE>
PAGE 2
<TABLE>
<CAPTION>
IDS LIFE INSURANCE COMPANY
SCHEDULE I - CONSOLIDATED SUMMARY OF INVESTMENTS
OTHER THAN INVESTMENTS IN RELATED PARTIES ($ thousands)
AS OF DECEMBER 31, 1993

________________________________________________________________________________________
Column A Column B Column C Column D

Type of Investment Cost Value Amount at which
shown in the
balance sheet
________________________________________________________________________________________
<S> <C> <C> <C>
Fixed maturities:
Bonds:
United States Government and
government agencies and
authorities (a) $ 5,591,309 $ 5,737,439 $ 5,591,309
States, municipalities and
polictical subdivisions 11,072 13,452 11,072
All other corporate bonds 13,790,043 14,675,088 13,790,043
____________ _____________ ______________

Total fixed maturities 19,392,424 20,425,979 19,392,424

Mortgage loans on real estate 2,055,450 XXXXXXXXX 2,055,450
Policy loans 350,501 XXXXXXXXX 350,501
Other investments 56,307 XXXXXXXXX 56,307
____________ ______________ ______________
Total investment $ 21,854,682 $ XXXXXXXXX $ 21,854,682
____________ ______________ ______________

(a) - Includes mortgage-backed securities with a cost and market value of $5,527,777 and $5,671,738, respectively.
</TABLE>
<PAGE>
PAGE 3
IDS LIFE INSURANCE COMPANY
SCHEDULE V - SUPPLEMENTARY INSURANCE INFORMATION ($ thousands)
FOR THE YEAR ENDED DECEMBER 31, 1991
<TABLE>
<CAPTION>
Column A Column B Column C Column D Column E Column F
Segment Deferred Future Unearned Other policy Premium
policy policy premiums claims and revenue
acquisition benefits benefits
cost losses, payable
claims and
loss expenses
<S> <C> <C> <C> <C> <C>
Annuities $ 693,184 $13,663,477 $ - $ 30,041 $ -
Life, DI,
Long-Term Care and
Health Insurance 518,439 2,654,915 - 21,205 102,338

Total $1,211,623 $16,318,392 $ - $ 51,246 $102,338
</TABLE>
<TABLE><CAPTION>
Column A Column G Column H Column I Column J Column K
Segment Net Benefits, Amortization Other Premiums
investment claims, of deferred operating written
income losses and policy expenses
settlement acquisition
expenses costs
<S> <C> <C> <C> <C> <C>
Annuities $1,189,038 $ 1,639 $ 63,821 $ 66,068 $ N/A
Life, DI,
Long-Term Care and
Health Insurance 233,828 88,577 52,257 87,601 N/A

Total $1,422,866 $90,216 $116,078 $ 153,669 N/A
</TABLE>
<PAGE>
PAGE 4
IDS LIFE INSURANCE COMPANY
SCHEDULE V - SUPPLEMENTARY INSURANCE INFORMATION ($ thousands)
FOR THE YEAR ENDED DECEMBER 31, 1992
<TABLE>
<CAPTION>
Column A Column B Column C Column D Column E Column F
Segment Deferred Future Unearned Other policy Premium
policy policy premiums claims and revenue
acquisition benefits benefits
cost losses, payable
claims and
loss expenses
<S> <C> <C> <C> <C> <C>
Annuities $ 860,027 $16,342,419 $ - $ 28,705 $ -
Life, DI,
Long-Term Care and
Health Insurance 580,848 2,883,469 - 21,194 114,379

Total $1,440,875 $19,225,888 $ - $ 49,899 $114,379
</TABLE>
<TABLE><CAPTION>
Column A Column G Column H Column I Column J Column K
Segment Net Benefits, Amortization Other Premiums
investment claims, of deferred operating written
income losses and policy expenses
settlement acquisition
expenses costs
<S> <C> <C> <C> <C> <C>
Annuities $1,370,145 $ 1,870 $ 81,706 $ 100,928 $ N/A
Life, DI,
Long-Term Care and
Health Insurance 246,676 106,528 58,453 114,764 N/A

Total $1,616,821 $108.398 $140,159 $ 215,692 N/A
</TABLE>
<PAGE>
PAGE 5
IDS LIFE INSURANCE COMPANY
SCHEDULE V - SUPPLEMENTARY INSURANCE INFORMATION ($ thousands)
FOR THE YEAR ENDED DECEMBER 31, 1993
<TABLE>
<CAPTION>

Column A Column B Column C Column D Column E Column F
Segment Deferred Future Unearned Other policy Premium
policy policy premiums claims and revenue
acquisition benefits benefits
cost losses, payable
claims and
loss expenses
<S> <C> <C> <C> <C> <C>
Annuities $1,008,378 $18,492,135 $ - $ 21,508 $ -
Life, DI,
Long-Term Care and
Health Insurance 644,006 3,148,932 - 23,008 127,245

Total $1,652,384 $21,641,067 $ - $ 44,516 $127,245
</TABLE>
<TABLE><CAPTION>
Column A Column G Column H Column I Column J Column K
Segment Net Benefits, Amortization Other Premiums
investment claims, of deferred operating written
income losses and policy expenses
settlement acquisition
expenses costs
<S> <C> <C> <C> <C> <C>
Annuities $1,532,995 $ 3,656 $139,602 $ 122,999 $ N/A
Life, DI,
Long-Term Care and
Health Insurance 250,224 119,335 72,131 118,975 N/A

Total $1,783,219 $122,991 $211,733 $ 241,974 N/A
</TABLE>
<PAGE>
PAGE 6
<TABLE>
<CAPTION>
IDS LIFE INSURANCE COMPANY
SCHEDULE VI - REINSURANCE ($ thousands)
FOR THE YEARS ENDED DECEMBER 31, 1993, 1992 AND 1991
____________________________________________________________________________________________________________________
Column A Column B Column C Column D Column E Column F

Gross amount Ceded to other Assumed from Net % of amount
companies other companies Amount assumed to net
____________________________________________________________________________________________________________________
<S> <C> <C> <C> <C> <C>
For the year ended
December 31, 1993

Life insurance in force $ 44,188,493 $ 3,038,426 $ 2,015,382 $ 43,165,449 4.67%
____________________________________________________________________________________________________________________

Premiums:
Life insurance $ 51,764 $ 3,627 $ -- $ 48,137 0.00%
DI & health insurance 96,250 17,142 -- 79,108 0.00%
____________________________________________________________________________________________________________________
Total premiums $ 148,014 $ 20,769 $ -- $ 127,245 0.00%
____________________________________________________________________________________________________________________

For the year ended
December 31, 1992

Life insurance in force $ 38,888,963 $ 2,937,590 $ 2,015,382 $ 37,966,755 5.31%
____________________________________________________________________________________________________________________
Premiums:
Life insurance $ 53,238 $ 3,849 $ 330 $ 49,719 0.66%
DI & health insurance 78,347 13,687 -- 64,660 0.00%
____________________________________________________________________________________________________________________
Total premiums $ 131,585 $ 17,536 $ 330 $ 114,379 0.29%
____________________________________________________________________________________________________________________

For the year ended
December 31, 1991

Life insurance in force $ 34,596,113 $ 2,902,381 $ 2,020,900 $ 33,714,632 5.99%
_____________________________________________________________________________________________________________________

Premiums:
Life insurance $ 53,223 $ 3,902 $ 385 $ 49,706 0.77%
DI & health insurance 59,844 7,212 -- 52,632 0.00%
____________________________________________________________________________________________________________________
Total premiums $ 113,067 $ 11,114 $ 385 $ 102,338 0.38%
____________________________________________________________________________________________________________________
</TABLE>
<PAGE>
PAGE 7
<TABLE>
<CAPTION>
IDS LIFE INSURANCE COMPANY
SCHEDULE VIII - VALUATION AND QUALIFYING ACCOUNTS ($ thousands)
FOR THE YEARS ENDED DECEMBER 31, 1993, 1992 AND 1991

____________________________________________________________________________________________________________________
Column A Column B Column C Column D Column E

Additions
--------------
Balance at Charged to
Description Beginning Charged to Other Accounts- Deductions- Balance at End
of Period Costs & Expenses Describe * Describe ** of Period
____________________________________________________________________________________________________________________
<S> <C> <C> <C> <C> <C>
For the year ended
December 31, 1993
- ------------------------------
Reserve for Mortgage Loans $23,595 $13,635 $0 $2,210 $35,020
Reserve for Fixed Maturities $37,899 ($15,122) $0 $22,777
Reserve for Other Investments $12,834 ($4,344) $0 ($2,210) $10,700

For the year ended
December 31, 1992
- -------------------------------
Reserve for Mortgage Loans $16,131 $8,440 $0 $976 $23,595
Reserve for Fixed Maturities $45,100 ($7,601) $400 $0 $37,899
Reserve for Other Investments $7,782 $4,076 $0 ($976) $12,834

For the year ended
December 31, 1991
- ------------------------------
Reserve for Mortgage Loans $12,655 $6,860 $0 $3,384 $16,131
Reserve for Fixed Maturities $26,096 $19,004 $0 $0 $45,100
Reserve for Other Investments $8,434 ($4,036) $0 ($3,384) $7,782

* Cash received on bond previously written down
** Transfer between reserve accounts
</TABLE>
<PAGE>
PAGE 8
<TABLE>
<CAPTION>
IDS LIFE INSURANCE COMPANY
SCHEDULE IX - SHORT-TERM BORROWINGS ($ thousands)
FOR THE YEARS ENDED DECEMBER 31, 1993, 1992 AND 1991

______________________________________________________________________________________________________
Column A Column B Column C Column D Column E Column F
Maximum Average Weighted
Weighted amount amount average
Category of aggregate Balance average outstanding outstanding interest rate
short-term borrowing at end interest during the during the during the
of period rate period period period
______________________________________________________________________________________________________
<S> <C> <C> <C> <C> <C>
1993
Line of Credit $1,519 N/A $22,700 $1,297 3.70%

1992
Line of Credit $ 0 N/A $20,000 $ 825 5.45%

1991
Line of Credit $ 0 N/A $32,725 $1,483 7.28%

</TABLE>

<PAGE>
PAGE 1
IDS LIFE INSURANCE COMPANY
DIRECTORS POWER OF ATTORNEY

City of Minneapolis

State of Minnesota

Each of the undersigned, as directors of the below listed unit
investment trusts that previously have filed registration
statements and amendments thereto pursuant to the requirements of
the Securities Act of 1933 and the Investment Company Act of 1940
with the Securities and Exchange Commission:
<TABLE>
<CAPTION>
1933 Act 1940 Act
Reg. Number Reg. Number
<S> <C> <C>
IDS Life Accounts F, IZ, JZ, G, H and N
IDS Life Flexible Annuity 33-4173 811-3217
IDS Life Accounts F, IZ, JZ, G, H and N
IDS Life Variable and Combination
Retirement Annuities 2-73114 811-3217
IDS Life Accounts F, IZ, JZ, G, H and N
IDS Life Employee Benefit Annuity 33-52518 811-3217
IDS Life Accounts F, IZ, JZ, G, H and N
IDS Life Group Variable Annuity Contract 33-47302 811-3217
IDS Life Insurance Company
IDS Life Group Variable Annuity Contract
(Fixed Account) 33-48701 N/A
IDS Life Insurance Company
IDS Life Market Value Annuity 33-28976 N/A
IDS Life Insurance Company
IDS Life Preferred Choice Annuity 33-50968 N/A
IDS Life Variable Life Separate Account
Flexible Premium Variable Life Insurance Policy 33-11165 811-4298
IDS Life Variable Life Separate Account
IDS Life Single Premium Variable Life 2-97637 811-4298
IDS Life Variable Account for Smith Barney Shearson
LifeVest Single Premium Variable Life 33-5210 811-4652
IDS Life Account SBS
IDS Life Symphony Annuity 33-40779 812-7731
IDS Life Account RE
IDS Life Real Estate Variable Annuity 33-13375 N/A
IDS Life Variable Annuity Fund A 2-29081 811-1653
IDS Life Variable Annuity Fund B 2-47430 811-1674
</TABLE>
hereby constitutes and appoints William A. Stoltzmann, Mary Ellyn
Minenko and Colleen Curran or either one of them, as her or his
attorney-in-fact and agent, to sign for her or him in her or his
name, place and stead any and all filings, applications (including
applications for exemptive relief), periodic reports, registration
statements (with all exhibits and other documents required or
desirable in connection therewith) other documents, and amendments
thereto and to file such filings, applications, periodic reports,
registration statements other documents, and amendments thereto
with the Securities and Exchange Commission, and any necessary
states, and grants to any or all of them the full power and
authority to do and perform each and every act required or
necessary in connection therewith.<PAGE>
PAGE 2
Dated the 31st day of March, 1994.

/s/ Louis C. Fornetti /s/ Janis E. Miller
Louis C. Fornetti Janis E. Miller

/s/ David R. Hubers /s/ James A. Mitchell
David R. Hubers James A. Mitchell

/s/ Richard W. Kling /s/ Barry J. Murphy
Richard W. Kling Barry J. Murphy

/s/ Paul F. Kolkman /s/ Stuart A. Sedlacek
Paul F. Kolkman Stuart A. Sedlacek

/s/ Peter A. Lefferts /s/ Melinda S. Urion
Peter A. Lefferts Melinda S. Urion