<PAGE> PAGE 1
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000 J000000 A
001 A000000 IDS LIFE VARIABLE ANNUITY FUND A
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<PAGE> PAGE 2
011 C030001 55440
011 C040001 0010
012 A000001 AMERICAN EXPRESS FINANCIAL CORPORATION
012 B000001 84-456
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012 C020001 MN
012 C030001 55440
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013 A000001 ERNST & YOUNG LLP
013 B010001 MINNEAPOLIS
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014 A000001 AMERICAN EXPRESS SERVICE CORPORATION
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014 B000002 8-42582
014 A000003 AMERICAN EXPRESS FINANCIAL CORPORATION
014 B000003 8-31250
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014 B000004 8-16791
014 A000005 IDS LIFE INSURANCE COMPANY
014 B000005 8-14124
014 A000006 IDS SECURITIES CORPORATION
014 B000006 8-12550
015 A000001 AMERICAN EXPRESS TRUST COMPANY
015 B000001 C
015 C010001 MINNEAPOLIS
015 C020001 MN
015 C030001 55402
015 C040001 2307
015 E010001 X
015 A000002 BANK OF NEW YORK
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10286
015 C040002 0001
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018 000000 Y
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020 A000001 CAPITAL INSTITUTIONAL SERVICE INC.
020 B000001 75-1565705
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020 A000002 MERRILL LYNCH
020 B000002 13-5674085
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020 A000003 STANDARD & POORS SECURITIES
020 B000003 13-2671951
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<PAGE> PAGE 3
020 A000004 LYNCH, JONES & RYAN
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020 C000004 8
020 A000005 BRIDGE TRADING COMPANY
020 B000005 43-1450530
020 C000005 6
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022 A000001 MERRILL LYNCH & CO., INC.
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022 C000002 18391
022 D000002 4789
022 A000003 LEHMAN COMMERCIAL PAPER INC.
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022 C000003 16636
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022 C000004 12223
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022 C000005 9737
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022 C000007 3383
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022 B000008 13-5659485
022 C000008 3177
022 D000008 1298
022 A000009 DEUTSCHE BANK CAPITAL
022 B000009 13-6124068
022 C000009 2784
022 D000009 0
022 A000010 WACHOVIA INVESTMENTS INC.
<PAGE> PAGE 4
022 B000010 56-0927594
022 C000010 1391
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025 A000001 MERRILL LYNCH & CO., INC.
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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SIGNATURE MARY ELLYN MINENKO
TITLE COUNSEL
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> VARIABLE ANNUITY FUND A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 199207769
<INVESTMENTS-AT-VALUE> 475105258
<RECEIVABLES> 11399003
<ASSETS-OTHER> 393913
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 486898174
<PAYABLE-FOR-SECURITIES> 11257452
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 18065
<TOTAL-LIABILITIES> 11275517
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 475622657
<DIVIDEND-INCOME> 1021468
<INTEREST-INCOME> 469679
<OTHER-INCOME> 0
<EXPENSES-NET> 3063380
<NET-INVESTMENT-INCOME> (1572233)
<REALIZED-GAINS-CURRENT> 16559255
<APPREC-INCREASE-CURRENT> 70969324
<NET-CHANGE-FROM-OPS> 85956346
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 68635944
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 875284
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3063380
<AVERAGE-NET-ASSETS> 441948428
<PER-SHARE-NAV-BEGIN> 24.53
<PER-SHARE-NII> (.09)
<PER-SHARE-GAIN-APPREC> 5.37
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 29.81
<EXPENSE-RATIO> 1.40
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS VARIABLE ANNUITY A
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members
Gumer C. Alvero
Affirmative 16,168,041.154 98.254% 98.254%
Withhold 287,310.438 1.746% 1.746%
TOTAL 16,455,351.592 100.000% 100.000%
Rodney P. Burwell
Affirmative 16,213,622.478 98.531% 98.531%
Withhold 241,729.114 1.469% 1.469%
TOTAL 16,455,351.592 100.000% 100.000%
Jean B. Keffeler
Affirmative 16,234,356.221 98.657% 98.657%
Withhold 220,995.371 1.343% 1.343%
TOTAL 16,455,351.592 100.000% 100.000%
Richard W. Kling
Affirmative 16,239,128.273 98.686% 98.686%
Withhold 216,223.319 1.314% 1.314%
TOTAL 16,455,351.592 100.000% 100.000%
Thomas R. McBurney
Affirmative 16,216,419.887 98.548% 98.548%
Withhold 238,931.705 1.452% 1.452%
TOTAL 16,455,351.592 100.000% 100.000%
2. Ratify the selection of independent auditors
Affirmative 16,140,560.717 98.087% 98.087%
Against 88,858.898 .540% .540%
Abstain 225,931.977 1.373% 1.373%
TOTAL 16,455,351.592 100.000% 100.000%
<PAGE>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS VARIABLE ANNUITY A
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
3. Changes to investment policies
3.1 Borrow or lend to other funds
Affirmative 15,160,644.530 92.132% 92.132%
Against 844,488.643 5.132% 5.132%
Abstain 450,218.419 2.736% 2.736%
TOTAL 16,455,351.592 100.000% 100.000%
3.9 Concentration
Affirmative 15,252,465.391 92.690% 92.690%
Against 755,300.638 4.590% 4.590%
Abstain 447,585.563 2.720% 2.720%
TOTAL 16,455,351.592 100.000% 100.000%
<PAGE>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS VARIABLE ANNUITY A
June 16, 1999
% of Outstanding %of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 16,455,351.592
VOTED SHARES 16,455,351.592
PERCENT VOTED 100.000%
<PAGE>
C37
</TABLE>
MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF
IDS LIFE VARIABLE ANNUITY FUND A
Tuesday, January 26, 1999
The regular meeting of the Board of Managers of IDS Life Variable
Annuity Fund A was held following the IDS Life Series Fund, Inc.
board meeting on Tuesday, January 26, 1999, at the offices of the
Fund, IDS Tower, Minneapolis, Minnesota, pursuant to written
notice duly given.
Mr. Richard W. Kling, President of the Fund, called the meeting
to order and presided as Chairman. Ms. Mary Jo Olson acted as
Secretary of the meeting. All members of the Board were present
except Mr. Carl N. Platou. Also present were Ms. Mary J.
Malevich and Mr. Colin J. Lundgren.
The Chairman stated there was a change in the order of the agenda
and that the first item to consider was the Investment Report.
Ms. Mary J. Malevich presented the report and a discussion ensued.
The Chairman stated that the next item to consider was the
approval of the minutes of the meeting of the Board of Managers
held November 5, 1998, and the following resolution was duly
adopted:
<PAGE>
RESOLVED, That the minutes of the meeting of the Board
of Managers held November 5, 1998, as presented to this
meeting, are hereby approved.
The Chairman stated that the next item to consider was the
approval of a contract holders meeting to be held June 9, 1999
and, after discussion, the following resolutions were duly
adopted:
RESOLVED, That a regular meeting of the Contract Holders be
held on June 9, 1999, in the Success Conference Room, 6th
floor, Roanoke Building, 730 Second Avenue South,
Minneapolis, Minnesota for the purpose of (i) electing board
members, (ii) ratifying the selection of auditors, and (iii)
adding, modifying or eliminating some fundamental and
non-fundamental investment policies.
RESOLVED FURTHER, That the record date for the determination
of contract holders entitled to notice of and to vote at
said meeting or any adjournment or adjournments thereof, be
and hereby is April 11, 1999.
The Chairman stated that the next item to consider was the
approval of an addition and changes to certain fundamental and
non-fundamental investment policies of the portfolios and, after
discussion, the following resolutions were duly adopted:
Fundamental Policies:
WHEREAS, Each Fund has a number of fundamental investment
policies that were established years ago; and
WHEREAS, The Board of Managers is desirous of adding a
fundamental policy to provide additional investment
flexibility; and
WHEREAS, The Board is desirous of conforming certain
fundamental policies for purposes of facilitating compliance
efforts; now, therefore, be it
RESOLVED, That so long as the Fund complies with all
applicable regulatory agencies and tax laws, and uses the
investment policies consistent with the investment
objectives of the Fund, then, subject to approval by
shareholders,
a. The policy authorizing participation in a
borrowing and lending program subject to receipt
of an exemptive order from the Securities and Exchange
Commission, is approved.
b. The policy regarding concentration is revised as follows:
"The Fund will not concentrate in any one industry."
Non-Fundamental Policies:
WHEREAS, Each Fund has a number of non-fundamental
investment policies that were established years ago; and
WHEREAS, The Board of Managers is desirous of eliminating
certain fundamental policies that are no longer applicable;
and
WHEREAS, The Board is desirous of conforming certain
non-fundamental policies for the purposes of facilitating
compliance efforts; now, therefore, be it
RESOLVED, That so long as the Fund complies with all
applicable regulatory agencies and tax laws, and uses the
investment policies consistent with the investment
objectives of the Fund, then the policy regarding investing
in illiquid securities is revised as follows: "The Fund
will not invest in illiquid securities if, immediately after
making such an investment, more than 10% of the Fund's net
assets, at market, would be invested in such securities."
The Chairman stated that the next item to consider was the
election of officers of the Fund and the following resolution was
duly adopted:
<PAGE>
RESOLVED, That the following named persons be, and they
hereby are, elected to the office of the Fund set forth
opposite their names to serve, at the pleasure of the Board,
until the next annual meeting of the Board of Managers and
until their successors have been duly elected and qualified:
Phyllis Aslanidis Assistant Secretary
Michael G. Kuchs Assistant Secretary
John D. Koslow Assistant Treasurer
Lois Pomerenk Assistant Treasurer
The Chairman stated that the next item to consider was the
Foreign Custody Report and directed the Board's attention to a
report from Lorraine R. Hart dated December 22, 1998.
The Board reviewed the foreign custody arrangements for Third Quarter,
1998, and the Managers determined that said arrangements were appropriate.
The Chairman stated that the next item to consider was a report
concerning agency brokerage transactions with affiliates and
directed the Board's attention to memoranda from Agneta Toth
dated November 9, 1998, December 3, 1998 and January 5, 1999.
There were no agency trades during October, November and
December, 1998.
The Chairman stated that the next item to consider was the review
of procedures concerning interfund transactions and the following
resolution was duly adopted:
RESOLVED, That the investment manager is hereby
directed to follow the procedures set forth in
paragraphs 1 and 2 below for each purchase and sale of
an equity security between two funds within the IDS
Life Company Group:
1. For each such transaction, the investment
manager shall prepare a form which shall:
a. Identify the funds making the purchase and sale;
b. Identify the fund security;
c. Explain the basis for the investment decision which
shall be consistent with the policy of each fund, as
recited in its registration statement and reports filed
under the Investment Company Act of 1940;
d. Identify the independent current market price of the
security, which shall be
(1) For a security reported in the consolidated
transaction reporting system, the last sales
price reported immediately prior to the
interfund transaction or if no reported
transaction on that day, the average of the
highest current independent bid and lowest
current independent offer;
<PAGE>
(2) For a security not reported in the consolidated
transaction reporting system but the principal
market is an exchange, the last sales price on
that exchange immediately prior to the
interfund transaction or if no reported
transaction on that day, the average of the
highest current independent bid and lowest
current independent offer;
(3) For a security not reported in the consolidated
transaction reporting system but is quoted in
the NASDAQ System, the average of the
highest current independent bid and lowest
current independent offer reported in Level 1 of
NASDAQ at the time of the interfund
transaction;
(4) For all other securities, the average of the
highest current independent bid and lowest
current independent offer determined on the
basis of reasonable inquiry. Should the
security be priced pursuant to paragraph (4),
the inquiry used shall be clearly described.
e. Represent that the purchase and sale is for a
security for which market quotations are readily
available, is for no consideration other
than cash payment against prompt delivery and that
no brokerage commission, fee (except customary
transfer fees) or other remuneration is paid in connection
therewith; and
f. State the time of day and the price at
which the transaction was effected.
2. The investment manager shall submit a copy of
the form for each transaction to the Board of Managers at
the next board meeting following the end of the calendar
quarter in which the transaction to which the form relates was
effected.
3. The Secretary shall maintain and preserve
each form with the minutes of the meeting at which such
forms were considered for a period of not less than six years
from the end of the fiscal year in which such transaction
occurred. Further, the Secretary shall maintain and preserve
permanently in an easily accessible place a
written copy of these procedures, as set forth in paragraphs
1 and 2 hereof, which shall be submitted to the Board at
least annually for review.
<PAGE>
The Chairman stated that the next item to consider was a report
concerning interfund transactions and directed the Board's
attention to a memorandum from Tracy Latta dated January 1, 1999.
There were no interfund transactions for Fourth Quarter, 1998.
The Chairman stated that the next item to consider was the
selection of independent auditors of the Fund for 1999 and the
following resolutions were duly adopted:
RESOLVED, That the firm of Ernst & Young is selected as the
independent public accountants of the Fund for the year
1999; and
RESOLVED FURTHER, That such selection shall be submitted for
ratification or rejection at the next succeeding meeting of
the contract holders, and the employment of such firm is
conditioned upon the right of the Fund by vote of a majority
of outstanding voting securities, at any meeting called for
that purpose, to terminate such employment forthwith without
any penalty; and
RESOLVED FURTHER, That the officers of the Fund are
authorized, on behalf of the Fund, to pay the reasonable
fees and expenses of such firm in connection with services
rendered to the Fund pursuant to such employment.
There being no further business to come before the meeting, it
was duly adjourned.
_____________________________________
Mary Jo Olson
Assistant Secretary
