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Prospectus Supplement September 18, 1998*

IDS Life Global Yield Fund (Oct. 30, 1997) S-6466 N (10/97)

The  following  paragraph  replaces  the  paragraph  on Ray  Goodner  under  the
"Portfolio managers" section of the prospectus:

Mike Ng began managing the Fund in July of 1998. He joined AEFC in 1994. He also
is portfolio  manager of IDS Global Balanced Fund. Prior to joining AEFC, he was
a fixed income analyst for the St. Paul Companies.











S-6466-31A(9/98)
*Valid until next prospectus update



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