IDS LIFE MANAGED FUND INC, 497, 1996-10-30

IDS LIFE MANAGED FUND INC
497, 1996-10-30

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Statement of Additional Information Supplement*
October 30, 1996

IDS Life Investment Series, Inc.
     IDS Life Capital Resource Fund
IDS Life Special Income Fund, Inc.
IDS Life Managed Fund, Inc.

The Portfolio Transactions section is revised as follows:

Managed Fund's acquisition during the fiscal year ended Aug. 31,
1996, of securities of its regular brokers or dealers or of the
parents of those brokers or dealers that derived more than 15% of
gross revenue from securities-related activities is presented
below:

                                 Value of Securities
                                  Owned at End of
Name of Issuer                       Fiscal Year     
Dean Witter                         $32,572,295
Merrill Lynch                         6,568,552
Morgan Stanley                        4,795,728
Salomon Brothers                     23,875,940

*Valid until next update