<PAGE> PAGE 1
000 B000000 08/31/99
000 C000000 0000353968
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 AXP VARIABLE PORTFOLIO INVESTMENT SERIES, INC
001 B000000 811-3218
001 C000000 6126713800
002 A000000 IDS TOWER 10
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55440
002 D020000 0010
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 AXP VP CAPITAL RESOURCE FUND
007 C030100 N
007 C010200 2
007 C020200 AXP VP STRATEGY AGGRESSIVE FUND
007 C030200 N
007 C010300 3
007 C020300 AXP VP INTERNATIONAL FUND
007 C030300 N
007 C010400 4
007 C020400 AXP VP NEW DIMENSIONS FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
012 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
012 B00AA01 84-456
012 C01AA01 MINNEAPOLIS
012 C02AA01 MN
012 C03AA01 55440
012 C04AA01 0010
013 A00AA01 KPMG LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
<PAGE> PAGE 2
013 B04AA01 3900
014 A00AA01 AMERICAN EXPRESS SERVICE CORPORATION
014 B00AA01 8-27456
014 A00AA02 AMERICAN ENTERPRISE INVESTMENT SERVICES INC.
014 B00AA02 8-42582
014 A00AA03 AMERICAN EXPRESS FINANCIAL CORPORATION
014 B00AA03 8-31250
014 A00AA04 AMERICAN EXPRESS FINANCIAL ADVISORS, INC.
014 B00AA04 8-16791
014 A00AA05 IDS LIFE INSURANCE COMPANY
014 B00AA05 8-14124
014 A00AA06 IDS SECURITIES CORPORATION
014 B00AA06 8-12550
015 A00AA01 AMERICAN EXPRESS TRUST COMPANY
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55402
015 C04AA01 2307
015 E01AA01 X
015 A00AA02 BANK OF NEW YORK
015 B00AA02 S
015 C01AA02 NEW YORK
015 C02AA02 NY
015 C03AA02 10286
015 C04AA02 0001
015 E04AA02 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 48
019 C00AA00 AMEXPFUNDS
020 A000001 MERRILL LYNCH LONDON
020 B000001 N/A
020 C000001 1450
020 A000002 GOLDMAN SACHS
020 B000002 13-5108880
020 C000002 110
020 A000003 MORGAN STANLEY & CO., INC.
020 B000003 13-2655998
020 C000003 970
020 A000004 MORGAN GRENFELL LONDON
020 B000004 N/A
020 C000004 936
020 A000005 DONALDSON, LUFKIN JENRETTE SEC
020 B000005 13-2741729
020 C000005 853
020 A000006 LYNCH, JONES, & RYAN, INC.
020 B000006 13-3356934
020 C000006 833
020 A000007 SWISS BANK CORP LONDON
020 B000007 N/A
<PAGE> PAGE 3
020 C000007 831
020 A000008 MERRILL LYNCH & CO., INC.
020 B000008 13-5674085
020 C000008 824
020 A000009 AMERICAN ENTERPRISE INV. SERV. INC.
020 B000009 41-1667086
020 C000009 807
020 A000010 LEHMAN BROTHERS
020 B000010 13-2518466
020 C000010 736
021 000000 20509
022 A000001 MERRILL LYNCH
022 B000001 13-5674085
022 C000001 1349326
022 D000001 1075073
022 A000002 LEHMAN COMMERCIAL PAPER INC.
022 B000002 13-2501865
022 C000002 2286022
022 D000002 71371
022 A000003 GOLDMAN SACHS & CO.
022 B000003 13-5108880
022 C000003 1971178
022 D000003 197780
022 A000004 MORGAN STANLEY & CO., INC.
022 B000004 13-2655998
022 C000004 1015412
022 D000004 1016351
022 A000005 CREDIT SUISSE FIRST BOSTON
022 B000005 13-5659485
022 C000005 1262588
022 D000005 537167
022 A000006 SALOMON SMITH BARNEY
022 B000006 13-1912900
022 C000006 876121
022 D000006 266062
022 A000007 MORGAN GUARANTY
022 B000007 13-3224016
022 C000007 754087
022 D000007 18145
022 A000008 CHASE INVESTMENT SERVICES CORP.
022 B000008 13-5225436
022 C000008 495072
022 D000008 100096
022 A000009 NATIONSBANK
022 B000009 75-0520130
022 C000009 423225
022 D000009 123931
022 A000010 FIRST CHICAGO CAPITAL MKTS. INC.
022 B000010 36-3595942
022 C000010 512373
022 D000010 28189
<PAGE> PAGE 4
023 C000000 14023566
023 D000000 5538794
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 Y
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 Y
<PAGE> PAGE 5
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 600
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 0.0
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
<PAGE> PAGE 6
078 000000 N
080 A00AA00 RELIANCE INSURANCE CO.
080 C00AA00 2500
081 A00AA00 N
081 B00AA00 0
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000101 IDS LIFE INSURANCE COMPANY
008 B000101 A
008 C000101 801-8101
008 D010101 MINNEAPOLIS
008 D020101 MN
008 D030101 55440
008 D040101 0534
008 A000102 AMERICAN EXPRESS FINANCIAL CORPORATION
008 B000102 S
008 C000102 801-14721
008 D010102 MINNEAPOLIS
008 D020102 MN
008 D030102 55440
008 D040102 0010
024 000100 Y
025 A000101 MORGAN STANLEY
025 B000101 13-2655998
025 C000101 E
025 D000101 77231
025 A000102 DELETE
025 D000102 0
025 A000103 DELETE
025 D000103 0
025 A000104 DELETE
025 D000104 0
025 D000105 0
<PAGE> PAGE 7
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 8013
028 A020100 -5318
028 A030100 0
028 A040100 65275
028 B010100 7269
028 B020100 -4867
028 B030100 0
028 B040100 59248
028 C010100 7139
028 C020100 -2996
028 C030100 0
028 C040100 52442
028 D010100 7754
028 D020100 -5575
028 D030100 0
028 D040100 51700
028 E010100 7274
028 E020100 -4862
028 E030100 0
028 E040100 53387
028 F010100 6475
028 F020100 -3728
028 F030100 0
028 F040100 59098
028 G010100 43924
028 G020100 -27346
028 G030100 0
028 G040100 341150
028 H000100 0
030 A000100 0
030 B000100 0.00
030 C000100 0.00
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 1000000
048 A020100 0.630
048 B010100 1000000
048 B020100 0.615
048 C010100 1000000
048 C020100 0.600
048 D010100 3000000
048 D020100 0.585
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
<PAGE> PAGE 8
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 6000000
048 K020100 0.570
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 Y
070 O010100 Y
070 O020100 N
<PAGE> PAGE 9
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 3014830
071 B000100 3530277
071 C000100 5366022
071 D000100 56
072 A000100 12
072 B000100 5716
072 C000100 39567
072 D000100 0
072 E000100 0
072 F000100 33170
072 G000100 2298
072 H000100 0
072 I000100 0
072 J000100 320
072 K000100 0
072 L000100 339
072 M000100 29
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 22
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 1
072 X000100 36179
072 Y000100 0
072 Z000100 9104
072AA000100 572334
072BB000100 0
072CC010100 1167038
072CC020100 0
072DD010100 9104
072DD020100 0
072EE000100 401677
073 A010100 0.0600
073 A020100 0.0000
073 B000100 2.4600
073 C000100 0.0000
074 A000100 79
074 B000100 0
074 C000100 97603
074 D000100 0
<PAGE> PAGE 10
074 E000100 0
074 F000100 5524530
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 17285
074 K000100 6
074 L000100 4032
074 M000100 0
074 N000100 5643535
074 O000100 3847
074 P000100 6397
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 12724
074 S000100 0
074 T000100 5620567
074 U010100 162356
074 U020100 0
074 V010100 34.62
074 V020100 0.00
074 W000100 0.0000
074 X000100 0
074 Y000100 0
075 A000100 0
075 B000100 5474272
076 000100 0.00
008 A000201 IDS LIFE INSURANCE COMPANY
008 B000201 A
008 C000201 801-8101
008 D010201 MINNEAPOLIS
008 D020201 MN
008 D030201 55440
008 D040201 0534
008 A000202 AMERICAN EXPRESS FINANCIAL CORPORATION
008 B000202 S
008 C000202 801-14721
008 D010202 MINNEAPOLIS
008 D020202 MN
008 D030202 55440
008 D040202 0010
024 000200 Y
025 A000201 FLEET FUNDING
025 B000201 05-0341324
025 C000201 D
025 D000201 16735
025 A000202 LEGG MASON
025 B000202 52-0902557
025 C000202 E
<PAGE> PAGE 11
025 D000202 535
025 A000203 SALOMON SMITH BARNEY
025 B000203 13-1912900
025 C000203 D
025 D000203 7293
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 2016
028 A020200 -2151
028 A030200 0
028 A040200 46972
028 B010200 1658
028 B020200 -1956
028 B030200 0
028 B040200 45444
028 C010200 4463
028 C020200 -1225
028 C030200 0
028 C040200 29465
028 D010200 4754
028 D020200 -2267
028 D030200 0
028 D040200 28245
028 E010200 9452
028 E020200 0
028 E030200 0
028 E040200 33942
028 F010200 11564
028 F020200 0
028 F030200 0
028 F040200 40161
028 G010200 33907
028 G020200 -7599
028 G030200 0
028 G040200 224229
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 250000
048 A020200 0.650
048 B010200 250000
048 B020200 0.635
048 C010200 250000
048 C020200 0.620
048 D010200 250000
048 D020200 0.605
<PAGE> PAGE 12
048 E010200 1000000
048 E020200 0.590
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 2000000
048 K020200 0.575
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 Y
070 C010200 N
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 Y
070 H020200 Y
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
<PAGE> PAGE 13
070 N010200 Y
070 N020200 Y
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 4045047
071 B000200 4351822
071 C000200 1950053
071 D000200 207
072 A000200 12
072 B000200 17745
072 C000200 4628
072 D000200 0
072 E000200 0
072 F000200 13698
072 G000200 1047
072 H000200 0
072 I000200 0
072 J000200 229
072 K000200 0
072 L000200 228
072 M000200 17
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 17
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 8
072 X000200 15244
072 Y000200 0
072 Z000200 7129
072AA000200 260101
072BB000200 0
072CC010200 400515
072CC020200 0
072DD010200 7142
072DD020200 0
072EE000200 148760
073 A010200 0.0500
073 A020200 0.0000
073 B000200 1.0000
073 C000200 0.0000
<PAGE> PAGE 14
074 A000200 1819
074 B000200 0
074 C000200 441846
074 D000200 0
074 E000200 7000
074 F000200 1950748
074 G000200 1514
074 H000200 0
074 I000200 0
074 J000200 119230
074 K000200 0
074 L000200 313
074 M000200 7907
074 N000200 2530377
074 O000200 92440
074 P000200 2525
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 108090
074 S000200 0
074 T000200 2327322
074 U010200 141405
074 U020200 0
074 V010200 16.46
074 V020200 0.00
074 W000200 0.0000
074 X000200 0
074 Y000200 0
075 A000200 0
075 B000200 2267669
076 000200 0.00
008 A000301 IDS LIFE INSURANCE COMPANY
008 B000301 A
008 C000301 801-8101
008 D010301 MINNEAPOLIS
008 D020301 MN
008 D030301 55440
008 D040301 0534
008 A000302 AMERICAN EXPRESS ASSET MANAGEMENT INTL INC.
008 B000302 S
008 C000302 801-15966
008 D010302 MINNEAPOLIS
008 D020302 MN
008 D030302 55440
008 D040302 0010
008 A000303 AMERICAN EXPRESS FINANCIAL CORPORATION
008 B000303 S
008 C000303 801-14721
008 D010303 MINNEAPOLIS
<PAGE> PAGE 15
008 D020303 MN
008 D030303 55440
008 D040303 0010
024 000300 N
025 A000301 DELETE
025 D000301 0
025 A000302 DELETE
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 16192
028 A020300 -2007
028 A030300 0
028 A040300 44004
028 B010300 15034
028 B020300 -1894
028 B030300 0
028 B040300 41942
028 C010300 19164
028 C020300 1271
028 C030300 0
028 C040300 37600
028 D010300 13682
028 D020300 -2080
028 D030300 0
028 D040300 28397
028 E010300 11115
028 E020300 -1926
028 E030300 0
028 E040300 31947
028 F010300 24179
028 F020300 3998
028 F030300 0
028 F040300 44876
028 G010300 99366
028 G020300 -2638
028 G030300 0
028 G040300 228766
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 250000
048 A020300 0.870
048 B010300 250000
048 B020300 0.855
<PAGE> PAGE 16
048 C010300 250000
048 C020300 0.840
048 D010300 250000
048 D020300 0.825
048 E010300 1000000
048 E020300 0.810
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 2000000
048 K020300 0.795
066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 Y
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
070 K020300 N
<PAGE> PAGE 17
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 Y
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 2006188
071 B000300 2208333
071 C000300 1964591
071 D000300 102
072 A000300 12
072 B000300 7993
072 C000300 27030
072 D000300 0
072 E000300 0
072 F000300 17610
072 G000300 998
072 H000300 0
072 I000300 0
072 J000300 1138
072 K000300 0
072 L000300 255
072 M000300 16
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 20
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 2
072 X000300 20039
072 Y000300 0
072 Z000300 14983
072AA000300 350165
072BB000300 0
072CC010300 64236
072CC020300 0
072DD010300 8960
072DD020300 0
072EE000300 10585
<PAGE> PAGE 18
073 A010300 0.0700
073 A020300 0.0000
073 B000300 0.0800
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 213753
074 D000300 0
074 E000300 0
074 F000300 2076081
074 G000300 0
074 H000300 0
074 I000300 6768
074 J000300 33319
074 K000300 4064
074 L000300 9637
074 M000300 4780
074 N000300 2348402
074 O000300 27431
074 P000300 1697
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 98243
074 S000300 0
074 T000300 2221031
074 U010300 128715
074 U020300 0
074 V010300 17.26
074 V020300 0.00
074 W000300 0.0000
074 X000300 0
074 Y000300 0
075 A000300 0
075 B000300 2126820
076 000300 0.00
008 A000401 IDS LIFE INSURANCE COMPANY
008 B000401 A
008 C000401 801-8101
008 D010401 MINNEAPOLIS
008 D020401 MN
008 D030401 55440
008 D040401 0534
008 A000402 AMERICAN EXPRESS FINANCIAL CORPORATION
008 B000402 S
008 C000402 801-14721
008 D010402 MINNEAPOLIS
008 D020402 MN
008 D030402 55440
008 D040402 0010
<PAGE> PAGE 19
024 000400 Y
025 A000401 MORGAN STANLEY
025 B000401 13-2655998
025 C000401 E
025 D000401 38967
025 A000402 BANK OF AMERICA
025 B000402 94-1687655
025 C000402 D
025 D000402 2894
025 A000403 BANK OF AMERICA
025 B000403 94-1687655
025 C000403 E
025 D000403 41483
025 A000404 SALOMON SMITH BARNEY
025 B000404 13-1912900
025 C000404 D
025 D000404 18222
025 A000405 SCHWAB (CHARLES)
025 B000405 94-1704902
025 C000405 E
025 D000405 14876
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 79662
028 A020400 -3039
028 A030400 0
028 A040400 569
028 B010400 95326
028 B020400 -2876
028 B030400 0
028 B040400 84
028 C010400 68508
028 C020400 -1010
028 C030400 0
028 C040400 103
028 D010400 68062
028 D020400 -3464
028 D030400 0
028 D040400 376
028 E010400 74625
028 E020400 -3095
028 E030400 0
028 E040400 1644
028 F010400 54680
028 F020400 -158
028 F030400 0
028 F040400 748
028 G010400 440863
028 G020400 -13642
028 G030400 0
<PAGE> PAGE 20
028 G040400 3524
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.000
048 A010400 1000000
048 A020400 0.630
048 B010400 1000000
048 B020400 0.615
048 C010400 1000000
048 C020400 0.600
048 D010400 3000000
048 D020400 0.585
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 6000000
048 K020400 0.570
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 Y
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 Y
070 C010400 N
070 C020400 N
070 D010400 Y
070 D020400 Y
070 E010400 N
070 E020400 N
070 F010400 Y
070 F020400 N
<PAGE> PAGE 21
070 G010400 N
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 Y
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 1276024
071 B000400 745928
071 C000400 2728507
071 D000400 27
072 A000400 12
072 B000400 20363
072 C000400 9470
072 D000400 0
072 E000400 0
072 F000400 17935
072 G000400 1340
072 H000400 0
072 I000400 0
072 J000400 313
072 K000400 0
072 L000400 269
072 M000400 16
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 22
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 8
<PAGE> PAGE 22
072 X000400 19903
072 Y000400 0
072 Z000400 9930
072AA000400 32819
072BB000400 0
072CC010400 838085
072CC020400 0
072DD010400 9930
072DD020400 0
072EE000400 2459
073 A010400 0.0600
073 A020400 0.0000
073 B000400 0.0200
073 C000400 0.0000
074 A000400 15
074 B000400 0
074 C000400 314752
074 D000400 0
074 E000400 0
074 F000400 3236696
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 4611
074 K000400 1653
074 L000400 1939
074 M000400 0
074 N000400 3559666
074 O000400 6176
074 P000400 16
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 15249
074 S000400 0
074 T000400 3538225
074 U010400 187522
074 U020400 0
074 V010400 18.87
074 V020400 0.00
074 W000400 0.0000
074 X000400 0
074 Y000400 0
075 A000400 0
075 B000400 2908122
076 000400 0.00
SIGNATURE LES OGG
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> AXP VP CAPITAL RESOURCE FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> AUG-31-1999
<INVESTMENTS-AT-COST> 4047761447
<INVESTMENTS-AT-VALUE> 5622133352
<RECEIVABLES> 21316439
<ASSETS-OTHER> 79197
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5643534652
<PAYABLE-FOR-SECURITIES> 3847282
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 19120827
<TOTAL-LIABILITIES> 22968109
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3476194044
<SHARES-COMMON-STOCK> 162355580
<SHARES-COMMON-PRIOR> 166148138
<ACCUMULATED-NII-CURRENT> (61479)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 570062073
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1574371905
<NET-ASSETS> 5620566543
<DIVIDEND-INCOME> 39567344
<INTEREST-INCOME> 5715664
<OTHER-INCOME> 0
<EXPENSES-NET> 36179446
<NET-INVESTMENT-INCOME> 9103562
<REALIZED-GAINS-CURRENT> 572334253
<APPREC-INCREASE-CURRENT> 116738381
<NET-CHANGE-FROM-OPS> 1748476196
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 9103562
<DISTRIBUTIONS-OF-GAINS> 401677258
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 84199124
<NUMBER-OF-SHARES-REDEEMED> 665014906
<SHARES-REINVESTED> 410780820
<NET-CHANGE-IN-ASSETS> 1167660414
<ACCUMULATED-NII-PRIOR> 61479
<ACCUMULATED-GAINS-PRIOR> 399405078
<OVERDISTRIB-NII-PRIOR> 61479
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 33169737
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 36179446
<AVERAGE-NET-ASSETS> 5516426853
<PER-SHARE-NAV-BEGIN> 26.80
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> 8.15
<PER-SHARE-DIVIDEND> .04
<PER-SHARE-DISTRIBUTIONS> 2.46
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 32.49
<EXPENSE-RATIO> .66
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> AXP VP STRATEGY AGGRESSIVE FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> AUG-31-1999
<INVESTMENTS-AT-COST> 2106264126
<INVESTMENTS-AT-VALUE> 2401108546
<RECEIVABLES> 119542429
<ASSETS-OTHER> 9726447
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2530377422
<PAYABLE-FOR-SECURITIES> 92440246
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 110615196
<TOTAL-LIABILITIES> 203055442
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1785279862
<SHARES-COMMON-STOCK> 141404983
<SHARES-COMMON-PRIOR> 150788780
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 27100
<ACCUMULATED-NET-GAINS> 246869640
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 295199578
<NET-ASSETS> 2327321980
<DIVIDEND-INCOME> 4628285
<INTEREST-INCOME> 17744977
<OTHER-INCOME> 0
<EXPENSES-NET> 15243880
<NET-INVESTMENT-INCOME> 7129382
<REALIZED-GAINS-CURRENT> 260100632
<APPREC-INCREASE-CURRENT> 400514769
<NET-CHANGE-FROM-OPS> 667744783
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7142316
<DISTRIBUTIONS-OF-GAINS> 148760451
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4611926
<NUMBER-OF-SHARES-REDEEMED> 25418985
<SHARES-REINVESTED> 11423262
<NET-CHANGE-IN-ASSETS> 351730606
<ACCUMULATED-NII-PRIOR> 3239
<ACCUMULATED-GAINS-PRIOR> 135512054
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 13697732
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 15243880
<AVERAGE-NET-ASSETS> 2264982697
<PER-SHARE-NAV-BEGIN> 13.10
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 4.36
<PER-SHARE-DIVIDEND> .05
<PER-SHARE-DISTRIBUTIONS> 1.00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 16.46
<EXPENSE-RATIO> .67
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> AXP VP INTERNATIONAL FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> AUG-31-1999
<INVESTMENTS-AT-COST> 1944967810
<INVESTMENTS-AT-VALUE> 2296602351
<RECEIVABLES> 47020015
<ASSETS-OTHER> 4779522
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2348401888
<PAYABLE-FOR-SECURITIES> 27430862
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 99940233
<TOTAL-LIABILITIES> 127371095
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1512974167
<SHARES-COMMON-STOCK> 128714852
<SHARES-COMMON-PRIOR> 141929530
<ACCUMULATED-NII-CURRENT> 214311
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 356188362
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 351653953
<NET-ASSETS> 2221030793
<DIVIDEND-INCOME> 27029664
<INTEREST-INCOME> 7993218
<OTHER-INCOME> 0
<EXPENSES-NET> 20039482
<NET-INVESTMENT-INCOME> 14983400
<REALIZED-GAINS-CURRENT> 350164528
<APPREC-INCREASE-CURRENT> 64235687
<NET-CHANGE-FROM-OPS> 429383615
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 8959567
<DISTRIBUTIONS-OF-GAINS> 10584503
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12212960
<NUMBER-OF-SHARES-REDEEMED> 26524212
<SHARES-REINVESTED> 1096574
<NET-CHANGE-IN-ASSETS> (211542084)
<ACCUMULATED-NII-PRIOR> 214312
<ACCUMULATED-GAINS-PRIOR> 10584503
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 17609972
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 20039482
<AVERAGE-NET-ASSETS> 2130454188
<PER-SHARE-NAV-BEGIN> 14.25
<PER-SHARE-NII> .12
<PER-SHARE-GAIN-APPREC> 3.04
<PER-SHARE-DIVIDEND> .07
<PER-SHARE-DISTRIBUTIONS> .08
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 17.26
<EXPENSE-RATIO> .94
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> AXP VP NEW DIMENSIONS FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> AUG-31-1999
<INVESTMENTS-AT-COST> 2568327288
<INVESTMENTS-AT-VALUE> 3551448206
<RECEIVABLES> 8203174
<ASSETS-OTHER> 14712
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3559666092
<PAYABLE-FOR-SECURITIES> 6175601
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15265845
<TOTAL-LIABILITIES> 21441446
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2522344865
<SHARES-COMMON-STOCK> 187521775
<SHARES-COMMON-PRIOR> 147461467
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 7
<ACCUMULATED-NET-GAINS> 32758870
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 983120918
<NET-ASSETS> 3538224646
<DIVIDEND-INCOME> 20362838
<INTEREST-INCOME> 9469922
<OTHER-INCOME> 0
<EXPENSES-NET> 19902923
<NET-INVESTMENT-INCOME> 9929837
<REALIZED-GAINS-CURRENT> 32818556
<APPREC-INCREASE-CURRENT> 838085236
<NET-CHANGE-FROM-OPS> 880833629
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 9929837
<DISTRIBUTIONS-OF-GAINS> 2459211
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 42053242
<NUMBER-OF-SHARES-REDEEMED> 2661999
<SHARES-REINVESTED> 669065
<NET-CHANGE-IN-ASSETS> 1578700007
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2399525
<OVERDISTRIB-NII-PRIOR> 7
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 17935431
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19902923
<AVERAGE-NET-ASSETS> 2918768881
<PER-SHARE-NAV-BEGIN> 13.29
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 5.60
<PER-SHARE-DIVIDEND> .06
<PER-SHARE-DISTRIBUTIONS> .02
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 18.87
<EXPENSE-RATIO> .68
</TABLE>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS LIFE INVESTMENT SERIES, INC.
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 612,846,939.114 98.206% 98.206%
Withhold 11,195,370.443 1.794% 1.794%
TOTAL 624,042,309.557 100.000% 100.000%
Arne H. Carlson
Affirmative 611,227,406.764 97.946% 97.946%
Withhold 12,814,902.793 2.054% 2.054%
TOTAL 624,042,309.557 100.000% 100.000%
Lynne V. Cheney
Affirmative 612,610,408.787 98.168% 98.168%
Withhold 11,431,900.770 1.832% 1.832%
TOTAL 624,042,309.557 100.000% 100.000%
William H. Dudley
Affirmative 613,036,293.657 98.236% 98.236%
Withhold 11,006,015.900 1.764% 1.764%
TOTAL 624,042,309.557 100.000% 100.000%
David R. Hubers
Affirmative 613,118,127.096 98.249% 98.249%
Withhold 10,924,182.461 1.751% 1.751%
TOTAL 624,042,309.557 100.000% 100.000%
Heinz F. Hutter
Affirmative 612,362,080.363 98.128% 98.128%
Withhold 11,680,229.194 1.872% 1.872%
TOTAL 624,042,309.557 100.000% 100.000%
Anne P. Jones
Affirmative 613,010,998.886 98.232% 98.232%
Withhold 11,031,310.671 1.768% 1.768%
TOTAL 624,042,309.557 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS LIFE INVESTMENT SERIES, INC.
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 612,057,511.473 98.079% 98.079%
Withhold 11,984,798.084 1.921% 1.921%
TOTAL 624,042,309.557 100.000% 100.000%
Alan K. Simpson
Affirmative 612,144,849.360 98.093% 98.093%
Withhold 11,897,460.197 1.907% 1.907%
TOTAL 624,042,309.557 100.000% 100.000%
John R. Thomas
Affirmative 613,114,992.734 98.249% 98.249%
Withhold 10,927,316.823 1.751% 1.751%
TOTAL 624,042,309.557 100.000% 100.000%
C. Angus Wurtele
Affirmative 612,730,798.939 98.187% 98.187%
Withhold 11,311,510.618 1.813% 1.813%
TOTAL 624,042,309.557 100.000% 100.000%
2. Ratify the selection of independent auditors
Affirmative 610,526,459.491 97.834% 97.834%
Against 6,258,643.460 1.003% 1.003%
Abstain 7,257,206.606 1.163% 1.163%
TOTAL 624,042,309.557 100.000% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 575,008,648.057 92.143% 92.143%
Against 39,834,257.797 6.383% 6.383%
Abstain 9,199,403.703 1.474% 1.474%
TOTAL 624,042,309.557 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS LIFE INVESTMENT SERIES, INC.
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 624,042,309.557
VOTED SHARES 624,042,309.557
PERCENT VOTED 100.000%
C37
<PAGE>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS LIFE AGGRESSIVE GROWTH
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 146,480,299.045 98.122% 98.122%
Withhold 2,804,254.240 1.878% 1.878%
TOTAL 149,284,553.285 100.000% 100.000%
Arne H. Carlson
Affirmative 146,054,319.330 97.836% 97.836%
Withhold 3,230,233.955 2.164% 2.164%
TOTAL 149,284,553.285 100.000% 100.000%
Lynne V. Cheney
Affirmative 146,406,792.282 98.072% 98.072%
Withhold 2,877,761.003 1.928% 1.928%
TOTAL 149,284,553.285 100.000% 100.000%
William H. Dudley
Affirmative 146,490,498.663 98.128% 98.128%
Withhold 2,794,054.622 1.872% 1.872%
TOTAL 149,284,553.285 100.000% 100.000%
David R. Hubers
Affirmative 146,512,292.018 98.143% 98.143%
Withhold 2,772,261.267 1.857% 1.857%
TOTAL 149,284,553.285 100.000% 100.000%
Heinz F. Hutter
Affirmative 146,345,646.783 98.031% 98.031%
Withhold 2,938,906.502 1.969% 1.969%
TOTAL 149,284,553.285 100.000% 100.000%
Anne P. Jones
Affirmative 146,522,932.062 98.150% 98.150%
Withhold 2,761,621.223 1.850% 1.850%
TOTAL 149,284,553.285 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS LIFE AGGRESSIVE GROWTH
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 146,256,285.083 97.971% 97.971%
Withhold 3,028,268.202 2.029% 2.029%
TOTAL 149,284,553.285 100.000% 100.000%
Alan K. Simpson
Affirmative 146,337,382.435 98.026% 98.026%
Withhold 2,947,170.850 1.974% 1.974%
TOTAL 149,284,553.285 100.000% 100.000%
John R. Thomas
Affirmative 146,532,080.347 98.156% 98.156%
Withhold 2,752,472.938 1.844% 1.844%
TOTAL 149,284,553.285 100.000% 100.000%
C. Angus Wurtele
Affirmative 146,450,627.410 98.102% 98.102%
Withhold 2,833,925.875 1.898% 1.898%
TOTAL 149,284,553.285 100.000% 100.000%
2. Ratify the selection of independent auditors
Affirmative 146,056,366.010 97.838% 97.838%
Against 1,544,633.847 1.034% 1.034%
Abstain 1,683,553.428 1.128% 1.128%
TOTAL 149,284,553.285 100.000% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 137,603,113.426 92.175% 92.175%
Against 9,605,896.318 6.435% 6.435%
Abstain 2,075,543.541 1.390% 1.390%
TOTAL 149,284,553.285 100.000% 100.000%
4. Approve a new shareholder service and distribution plan
Affirmative 130,319,749.533 87.296% 87.296%
Against 15,537,437.460 10.408% 10.408%
Abstain 3,427,366.292 2.296% 2.296%
TOTAL 149,284,553.285 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS LIFE AGGRESSIVE GROWTH
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
6. Changes to investment policies
6.1 Prohibited conflict of interest
Affirmative 137,985,083.519 92.431% 92.431%
Against 7,562,724.316 5.066% 5.066%
Abstain 3,736,745.450 2.503% 2.503%
TOTAL 149,284,553.285 100.000% 100.000%
<PAGE>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 4
IDS FUNDS
IDS LIFE AGGRESSIVE GROWTH
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 149,284,553.285
VOTED SHARES 149,284,553.285
PERCENT VOTED 100.000%
C37
<PAGE>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS LIFE CAPITAL RESOURCE FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 166,143,141.675 98.321% 98.321%
Withhold 2,836,947.774 1.679% 1.679%
TOTAL 168,980,089.449 100.000% 100.000%
Arne H. Carlson
Affirmative 165,705,618.324 98.062% 98.062%
Withhold 3,274,471.125 1.938% 1.938%
TOTAL 168,980,089.449 100.000% 100.000%
Lynne V. Cheney
Affirmative 166,094,470.285 98.292% 98.292%
Withhold 2,885,619.164 1.708% 1.708%
TOTAL 168,980,089.449 100.000% 100.000%
William H. Dudley
Affirmative 166,178,208.003 98.342% 98.342%
Withhold 2,801,881.446 1.658% 1.658%
TOTAL 168,980,089.449 100.000% 100.000%
David R. Hubers
Affirmative 166,199,119.426 98.354% 98.354%
Withhold 2,780,970.023 1.646% 1.646%
TOTAL 168,980,089.449 100.000% 100.000%
Heinz F. Hutter
Affirmative 166,031,777.113 98.255% 98.255%
Withhold 2,948,312.336 1.745% 1.745%
TOTAL 168,980,089.449 100.000% 100.000%
Anne P. Jones
Affirmative 166,134,922.526 98.316% 98.316%
Withhold 2,845,166.923 1.684% 1.684%
TOTAL 168,980,089.449 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS LIFE CAPITAL RESOURCE FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 165,960,416.539 98.213% 98.213%
Withhold 3,019,672.910 1.787% 1.787%
TOTAL 168,980,089.449 100.000% 100.000%
Alan K. Simpson
Affirmative 165,954,163.612 98.209% 98.209%
Withhold 3,025,925.837 1.791% 1.791%
TOTAL 168,980,089.449 100.000% 100.000%
John R. Thomas
Affirmative 166,198,210.052 98.354% 98.354%
Withhold 2,781,879.397 1.646% 1.646%
TOTAL 168,980,089.449 100.000% 100.000%
C. Angus Wurtele
Affirmative 166,094,876.721 98.293% 98.293%
Withhold 2,885,212.728 1.707% 1.707%
TOTAL 168,980,089.449 100.000% 100.000%
2. Ratify the selection of independent auditors
Affirmative 165,485,104.063 97.932% 97.932%
Against 1,641,026.583 .971% .971%
Abstain 1,853,958.803 1.097% 1.097%
TOTAL 168,980,089.449 100.000% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 154,776,668.051 91.595% 91.595%
Against 11,508,176.356 6.810% 6.810%
Abstain 2,695,245.042 1.595% 1.595%
TOTAL 168,980,089.449 100.000% 100.000%
4. Approve a new shareholder service and distribution plan
Affirmative 148,726,776.310 88.014% 88.014%
Against 16,231,330.975 9.606% 9.606%
Abstain 4,021,982.164 2.380% 2.380%
TOTAL 168,980,089.449 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS LIFE CAPITAL RESOURCE FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
6. Changes to investment policies
6.1 Prohibited conflict of interest
Affirmative 156,251,824.686 92.468% 92.468%
Against 8,269,629.981 4.893% 4.893%
Abstain 4,458,634.782 2.639% 2.639%
TOTAL 168,980,089.449 100.000% 100.000%
<PAGE>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 4
IDS FUNDS
IDS LIFE CAPITAL RESOURCE FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 168,980,089.449
VOTED SHARES 168,980,089.449
PERCENT VOTED 100.000%
C37
<PAGE>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS LIFE GROWTH DIMENSIONS FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 168,677,255.875 98.087% 98.087%
Withhold 3,289,341.609 1.913% 1.913%
TOTAL 171,966,597.484 100.000% 100.000%
Arne H. Carlson
Affirmative 168,243,965.637 97.835% 97.835%
Withhold 3,722,631.847 2.165% 2.165%
TOTAL 171,966,597.484 100.000% 100.000%
Lynne V. Cheney
Affirmative 168,611,911.163 98.049% 98.049%
Withhold 3,354,686.321 1.951% 1.951%
TOTAL 171,966,597.484 100.000% 100.000%
William H. Dudley
Affirmative 168,790,244.134 98.153% 98.153%
Withhold 3,176,353.350 1.847% 1.847%
TOTAL 171,966,597.484 100.000% 100.000%
David R. Hubers
Affirmative 168,818,541.929 98.169% 98.169%
Withhold 3,148,055.555 1.831% 1.831%
TOTAL 171,966,597.484 100.000% 100.000%
Heinz F. Hutter
Affirmative 168,519,867.119 97.996% 97.996%
Withhold 3,446,730.365 2.004% 2.004%
TOTAL 171,966,597.484 100.000% 100.000%
Anne P. Jones
Affirmative 168,750,190.513 98.130% 98.130%
Withhold 3,216,406.971 1.870% 1.870%
TOTAL 171,966,597.484 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS LIFE GROWTH DIMENSIONS FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 168,481,078.758 97.973% 97.973%
Withhold 3,485,518.726 2.027% 2.027%
TOTAL 171,966,597.484 100.000% 100.000%
Alan K. Simpson
Affirmative 168,509,358.298 97.990% 97.990%
Withhold 3,457,239.186 2.010% 2.010%
TOTAL 171,966,597.484 100.000% 100.000%
John R. Thomas
Affirmative 168,780,808.007 98.147% 98.147%
Withhold 3,185,789.477 1.853% 1.853%
TOTAL 171,966,597.484 100.000% 100.000%
C. Angus Wurtele
Affirmative 168,638,616.737 98.065% 98.065%
Withhold 3,327,980.747 1.935% 1.935%
TOTAL 171,966,597.484 100.000% 100.000%
2. Ratify the selection of independent auditors
Affirmative 168,136,534.677 97.773% 97.773%
Against 1,726,276.483 1.004% 1.004%
Abstain 2,103,786.324 1.223% 1.223%
TOTAL 171,966,597.484 100.000% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 158,781,182.295 92.333% 92.333%
Against 10,715,637.157 6.231% 6.231%
Abstain 2,469,778.032 1.436% 1.436%
TOTAL 171,966,597.484 100.000% 100.000%
4. Approve a new shareholder service and distribution plan
Affirmative 150,442,853.591 87.484% 87.484%
Against 17,458,580.800 10.152% 10.152%
Abstain 4,065,163.093 2.364% 2.364%
TOTAL 171,966,597.484 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS LIFE GROWTH DIMENSIONS FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
6. Changes to investment policies
6.1 Prohibited conflict of interest
Affirmative 159,095,849.520 92.516% 92.516%
Against 8,472,515.174 4.926% 4.926%
Abstain 4,398,232.790 2.558% 2.558%
TOTAL 171,966,597.484 100.000% 100.000%
<PAGE>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 4
IDS FUNDS
IDS LIFE GROWTH DIMENSIONS FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 171,966,597.484
VOTED SHARES 171,966,597.484
PERCENT VOTED 100.000%
C37
<PAGE>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS LIFE INTERNATIONAL EQUITY
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 131,546,242.519 98.307% 98.307%
Withhold 2,264,826.820 1.693% 1.693%
TOTAL 133,811,069.339 100.000% 100.000%
Arne H. Carlson
Affirmative 131,223,503.473 98.066% 98.066%
Withhold 2,587,565.866 1.934% 1.934%
TOTAL 133,811,069.339 100.000% 100.000%
Lynne V. Cheney
Affirmative 131,497,235.057 98.271% 98.271%
Withhold 2,313,834.282 1.729% 1.729%
TOTAL 133,811,069.339 100.000% 100.000%
William H. Dudley
Affirmative 131,577,342.857 98.331% 98.331%
Withhold 2,233,726.482 1.669% 1.669%
TOTAL 133,811,069.339 100.000% 100.000%
David R. Hubers
Affirmative 131,588,173.723 98.339% 98.339%
Withhold 2,222,895.616 1.661% 1.661%
TOTAL 133,811,069.339 100.000% 100.000%
Heinz F. Hutter
Affirmative 131,464,789.348 98.247% 98.247%
Withhold 2,346,279.991 1.753% 1.753%
TOTAL 133,811,069.339 100.000% 100.000%
Anne P. Jones
Affirmative 131,602,953.785 98.350% 98.350%
Withhold 2,208,115.554 1.650% 1.650%
TOTAL 133,811,069.339 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS LIFE INTERNATIONAL EQUITY
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 131,359,731.093 98.168% 98.168%
Withhold 2,451,338.246 1.832% 1.832%
TOTAL 133,811,069.339 100.000% 100.000%
Alan K. Simpson
Affirmative 131,343,945.015 98.156% 98.156%
Withhold 2,467,124.324 1.844% 1.844%
TOTAL 133,811,069.339 100.000% 100.000%
John R. Thomas
Affirmative 131,603,894.328 98.351% 98.351%
Withhold 2,207,175.011 1.649% 1.649%
TOTAL 133,811,069.339 100.000% 100.000%
C. Angus Wurtele
Affirmative 131,546,678.071 98.308% 98.308%
Withhold 2,264,391.268 1.692% 1.692%
TOTAL 133,811,069.339 100.000% 100.000%
2. Ratify the selection of independent auditors
Affirmative 130,848,454.741 97.786% 97.786%
Against 1,346,706.547 1.006% 1.006%
Abstain 1,615,908.051 1.208% 1.208%
TOTAL 133,811,069.339 100.000% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 123,847,684.285 92.554% 92.554%
Against 8,004,547.966 5.982% 5.982%
Abstain 1,958,837.088 1.464% 1.464%
TOTAL 133,811,069.339 100.000% 100.000%
4. Approve a new shareholder service and distribution plan
Affirmative 117,731,465.881 87.983% 87.983%
Against 12,845,450.960 9.600% 9.600%
Abstain 3,234,152.498 2.417% 2.417%
TOTAL 133,811,069.339 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS LIFE INTERNATIONAL EQUITY
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
6. Changes to investment policies
6.1 Prohibited conflict of interest
Affirmative 123,980,382.812 92.653% 92.653%
Against 6,303,794.948 4.711% 4.711%
Abstain 3,526,891.579 2.636% 2.636%
TOTAL 133,811,069.339 100.000% 100.000%
6.2 Senior securities
Affirmative 124,109,610.781 92.750% 92.750%
Against 6,102,112.534 4.560% 4.560%
Abstain 3,599,346.024 2.690% 2.690%
TOTAL 133,811,069.339 100.000% 100.000%
<PAGE>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 4
IDS FUNDS
IDS LIFE INTERNATIONAL EQUITY
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 133,811,069.339
VOTED SHARES 133,811,069.339
PERCENT VOTED 100.000%
C37
Independent Auditors' Report
on Internal Accounting Control
The Board of Directors and Shareholders
AXP Variable Portfolio Investment Series, Inc.:
In planning and performing our audit of the financial statements
of AXP Variable Portfolio Capital Resource, AXP Variable
Portfolio International Equity, AXP Variable Portfolio
Aggressive Growth, and AXP Variable Portfolio Growth
Dimensions (funds within AXP Variable Portfolio Investment
Series, Inc.) for the year ended August 31, 1999, we
considered its internal control, including control activities for
safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements
of Form N-SAR, not to provide assurance on the internal control.
The management of AXP Variable Portfolio Investment Series, Inc.
is responsible for establishing and maintaining internal control.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs
of controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented
in conformity with generally accepted accounting
principles. Those controls include the safeguarding of
assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
irregularities may occur and not be detected. Also,
projection of any evaluation of internal control to future
periods is subject to the risk that it may become inadequate
because of changes in conditions or that the effectiveness
of the design and operation may deteriorate.
Our consideration of the internal control would not necessarily
disclose all matters in the internal control that might be
material weaknesses under standards established by the
American Institute of Certified Public Accountants.
A material weakness is a condition in which the
design or operation of one or more of the internal
control components does not reduce to a relatively low
level the risk that errors or irregularities in amounts
that would be material in relation to the financial
statements being audited may occur and not be detected
within a timely period by employees in the normal course
of performing their assigned functions. However, we
noted no matters involving the internal control and
its operation, including controls for safeguarding securities,
that we consider to be a material weakness as defined above.
This report is intended solely for the information and use
of management, the Board of Directors of AXP Variable Portfolio
Investment Series, Inc., and the Securities and Exchange
Commission and is intended to be and should not be used by anyone
than these specified parties.
KPMG LLP
Minneapolis, Minnesota
October 1, 1999
