<PAGE>
PAGE 1
October 26, 1995
Securities and Exchange Commission
Attention: Document Control - EDGAR
450 Fifth Street, N.W.
Washington, D.C. 20549-1004
Re: Rule 24f-2 Notice for
IDS Life Managed Fund, Inc.
SEC File No. 2-96367/811-4252
Gentlemen:
[i] In accordance with the provisions of Rule 24f-2, IDS Life
Managed Fund, Inc. hereby files its Rule 24f-2 Notice for the
fiscal year ended August 31, 1995 ("Fiscal Year").
[ii] Amount of securities registered other
than under 24f-2 which were unsold at
the beginning of the fiscal year. $ 0
[iii] Amount of securities registered during
the fiscal year other than under 24f-2. $ 0
[iv] Amount of securities sold during the
fiscal year. $300,276,170*
[v] Amount of securities sold pursuant to $300,276,170
24f-2.
[vi] Fee $300,276,170 divided by 2,900 equals $ 103,543.51
* Sales of $344,668,039 minus redemptions of $44,391,869.
Enclosed please find an opinion of counsel. The filing fee in the
amount of $103,543.51 has been sent by wire transfer.
If you have any questions, please contact the undersigned.
Very truly yours,
IDS LIFE MANAGED FUND, INC.
Leslie L. Ogg
Vice President
LLO/KB/rdh
Enclosures
<PAGE>
PAGE 2
Securities and Exchange Commission
October 26, 1995
IDS Life
Managed
Fund
Shares registered in prior years 0
Share price on October 20, 1995 15.12
Value of shares 0
Shares registered in current years 0
Share price on October 20, 1995 15.12
Value of shares 0
* Aggregate Sales 344,668,039
Aggregate Redemptions 44,391,869
Securities Sold during Fiscal Year 300,276,170
Fee 103,543.51
EXHIBIT INDEX
(b)(10) OPINION OF COUNSEL
<PAGE>
PAGE 1
October 26, 1995
IDS Life Managed Fund, Inc.
IDS Tower 10
Minneapolis, Minnesota 55440-0010
Gentlemen:
I have examined the Articles of Incorporation and the By-Laws of
the Company and all necessary certificates, permits, minute books,
documents and records of the Company, and the applicable statutes
of the State of Minnesota, and it is my opinion:
(a) That the Company is a corporation duly organized and existing
under the laws of the State of Minnesota with an authorized
capital stock of 10,000,000,000 shares, all of $.001 par
value, that such shares may be issued as full or fractional
shares and that on August 31, 1995, 205,056,931 shares were
issued and outstanding;
(b) That all such authorized shares are, under the laws of the
State of Minnesota, redeemable as provided in the Articles of
Incorporation of the Company and upon redemption shall have
the status of authorized and unissued shares;
(c) That the Company registered on or about April 30, 1986, an
indefinite number of shares pursuant to Rule 24f-2 and is
herewith filing a Rule 24f-2 Notice covering the shares sold
during its Fiscal Year ended August 31, 1995; and
(d) That shares which were sold at not less than their par value
and in accordance with applicable federal and state
securities laws were legally issued, fully paid and
nonassessable.
I hereby consent that the foregoing opinion may be used in
connection with the Rule 24f-2 Notice.
Very truly yours,
Leslie L. Ogg
Attorney at Law
901 S. Marquette Ave., Suite 2810
Minneapolis, Minnesota 55402-3268
LLO/KB/rdh
