<PAGE> PAGE 1
000 A000000 02/28/97
000 C000000 0000764546
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 IDS LIFE MANAGED FUND, INC.
001 B000000 811-4252
001 C000000 6126712152
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 N
007 B000000 0
018 000000 Y
019 A000000 Y
019 B000000 47
019 C000000 IDSMUTFDGR
020 A000001 LEHMAN BROTHERS INC.
020 B000001 13-2518466
020 C000001 131
020 A000002 GOLDMAN SACHS & CO.
020 B000002 13-5108880
020 C000002 120
020 A000003 AMERICAN ENTERPRISE INV. SERV. INC.
020 B000003 41-1667086
020 C000003 91
020 A000004 SALOMON BROTHERS INC.
020 B000004 13-3082694
020 C000004 88
020 A000005 BRADLEY WOODS INC.
020 C000005 87
020 A000006 NATWEST SECURITIES CORP.
020 B000006 13-3312778
020 C000006 64
020 A000007 UBS SECURITIES INC.
020 B000007 13-2932996
020 C000007 58
020 A000008 DONALDSON, LUFKIN, JENRETTE SEC. CORP.
020 B000008 13-2741729
020 C000008 54
020 A000009 JAMES CAPEL INC.
<PAGE> PAGE 2
020 B000009 52-1348224
020 C000009 53
020 A000010 MERRILL LYNCH & CO., INC.
020 B000010 13-5674085
020 C000010 52
021 000000 1587
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001 329112
022 D000001 90068
022 A000002 MERRILL LYNCH & CO., INC.
022 B000002 13-5674085
022 C000002 262541
022 D000002 133419
022 A000003 LEHMAN COMMERCIAL PAPER INC.
022 B000003 13-2501865
022 C000003 309241
022 D000003 52287
022 A000004 MORGAN STANLEY & CO., INC.
022 B000004 13-2655998
022 C000004 130066
022 D000004 102125
022 A000005 J.P. MORGAN SECURITIES INC.
022 B000005 13-3224016
022 C000005 111316
022 D000005 56815
022 A000006 CREDIT SUISSE FIRST BOSTON CORP.
022 B000006 13-5659485
022 C000006 93720
022 D000006 44056
022 A000007 SALOMON BROTHERS INC.
022 B000007 13-3082694
022 C000007 0
022 D000007 104121
022 A000008 ALLEN & CO., INC.
022 B000008 23-1631081
022 C000008 85250
022 D000008 0
022 A000009 BANK OF AMERICA
022 B000009 94-1687655
022 C000009 53424
022 D000009 20831
022 A000010 NATIONSBANK
022 B000010 75-0520130
022 C000010 31565
022 D000010 13546
023 C000000 1635892
023 D000000 808887
024 000000 Y
025 A000001 DEAN WITTER, DISCOVER & CO.
025 B000001 94-1671384
<PAGE> PAGE 3
025 C000001 E
025 D000001 32619
025 A000002 SALOMON BROTHERS
025 B000002 13-3082694
025 C000002 D
025 D000002 3776
025 A000003 MERRILL LYNCH
025 B000003 13-5674085
025 C000003 D
025 D000003 4493
025 A000004 TRAVELERS GROUP
025 B000004 52-1568099
025 C000004 E
025 D000004 54966
025 A000005 BANKAMERICA
025 B000005 94-1687655
025 C000005 D
025 D000005 3590
025 A000006 J.P. MORGAN
025 B000006 13-3224016
025 C000006 D
025 D000006 4994
025 A000007 DEAN WITTER, DISCOVER & CO.
025 B000007 94-1671384
025 C000007 D
025 D000007 14385
025 A000008 FIRST CHICAGO NBD
025 B000008 36-3595942
025 C000008 D
025 D000008 9964
028 A010000 5463
028 A020000 0
028 A030000 0
028 A040000 16808
028 B010000 12611
028 B020000 0
028 B030000 0
028 B040000 21557
028 C010000 13446
028 C020000 245534
028 C030000 0
028 C040000 16596
028 D010000 8166
028 D020000 0
028 D030000 0
028 D040000 26421
028 E010000 14229
028 E020000 0
028 E030000 0
028 E040000 5465
028 F010000 17608
<PAGE> PAGE 4
028 F020000 15376
028 F030000 0
028 F040000 3257
028 G010000 71523
028 G020000 260910
028 G030000 0
028 G040000 90104
028 H000000 0
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 N
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 Y
<PAGE> PAGE 5
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 Y
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 1320317
071 B000000 1313469
071 C000000 3682008
071 D000000 36
072 A000000 6
072 B000000 46028
072 C000000 17528
072 D000000 0
072 E000000 0
072 F000000 11252
072 G000000 643
072 H000000 0
072 I000000 0
072 J000000 201
072 K000000 0
072 L000000 122
072 M000000 9
072 N000000 0
072 O000000 0
<PAGE> PAGE 6
072 P000000 0
072 Q000000 0
072 R000000 12
072 S000000 0
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 114
072 X000000 12353
072 Y000000 0
072 Z000000 51203
072AA000000 206662
072BB000000 0
072CC010000 296358
072CC020000 0
072DD010000 50854
072DD020000 0
072EE000000 229852
073 A010000 0.2300
073 A020000 0.0000
073 B000000 1.0600
073 C000000 0.0000
074 A000000 3659
074 B000000 0
074 C000000 307352
074 D000000 1150725
074 E000000 126921
074 F000000 2549594
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 31120
074 K000000 18250
074 L000000 18533
074 M000000 75308
074 N000000 4281462
074 O000000 38430
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 245268
074 S000000 0
074 T000000 3997764
074 U010000 231792
074 U020000 0
074 V010000 17.25
074 V020000 0.00
074 W000000 0.0000
074 X000000 0
<PAGE> PAGE 7
074 Y000000 0
075 A000000 0
075 B000000 3826074
076 000000 0.00
077 A000000 Y
077 B000000 N
077 C000000 N
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
080 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
SIGNATURE LESLIE L. OGG
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> IDS LIFE MANAGED FUND
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 3443927842
<INVESTMENTS-AT-VALUE> 4134592661
<RECEIVABLES> 67902156
<ASSETS-OTHER> 78966813
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4281461630
<PAYABLE-FOR-SECURITIES> 38430441
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 245267465
<TOTAL-LIABILITIES> 283697906
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3103217050
<SHARES-COMMON-STOCK> 231791985
<SHARES-COMMON-PRIOR> 217610488
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 1876547
<ACCUMULATED-NET-GAINS> 206017184
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 690406037
<NET-ASSETS> 3997763724
<DIVIDEND-INCOME> 17527696
<INTEREST-INCOME> 46027615
<OTHER-INCOME> 0
<EXPENSES-NET> 12352703
<NET-INVESTMENT-INCOME> 51202608
<REALIZED-GAINS-CURRENT> 206662318
<APPREC-INCREASE-CURRENT> 296358221
<NET-CHANGE-FROM-OPS> 554223147
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (48977557)
<DISTRIBUTIONS-OF-GAINS> (229851535)
<DISTRIBUTIONS-OTHER> (1876547)
<NUMBER-OF-SHARES-SOLD> 4155027
<NUMBER-OF-SHARES-REDEEMED> 5274241
<SHARES-REINVESTED> 15300711
<NET-CHANGE-IN-ASSETS> 515846430
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 229206401
<OVERDISTRIB-NII-PRIOR> 2225051
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11251921
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 12352703
<AVERAGE-NET-ASSETS> 3826073380
<PER-SHARE-NAV-BEGIN> 16.00
<PER-SHARE-NII> .23
<PER-SHARE-GAIN-APPREC> 2.31
<PER-SHARE-DIVIDEND> (.23)
<PER-SHARE-DISTRIBUTIONS> (1.06)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.25
<EXPENSE-RATIO> .65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
