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SIGNATURE LESLIE L OGG
TITLE SECRETARY
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<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> IDS LIFE MANAGED FUND
<S> <C>
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<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 4047085938
<INVESTMENTS-AT-VALUE> 5181151255
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<ACCUMULATED-NET-GAINS> 76309436
<OVERDISTRIBUTION-GAINS> 0
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<DIVIDEND-INCOME> 14597818
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<NET-INVESTMENT-INCOME> 67588629
<REALIZED-GAINS-CURRENT> 77617109
<APPREC-INCREASE-CURRENT> 673324562
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<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 431748610
<DISTRIBUTIONS-OTHER> 0
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<NUMBER-OF-SHARES-REDEEMED> 11919040
<SHARES-REINVESTED> 28260196
<NET-CHANGE-IN-ASSETS> 664847864
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 430440937
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<PER-SHARE-DIVIDEND> .26
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</TABLE>
EXHIBIT 77D
for IDS Life Managed Fund, Inc.
At the Board of Directors meetings held on October 7th and 8th, 1998, the
following investment policies were eliminated from the fund:
The Fund will not pledge or mortgage its assets beyond 15% of total assets.
The Fund will not invest more than 5% of its total assets in securities of
domestic or foreign companies, including any predecessors, that have a record of
less than three years continuous operations.
The Fund will not invest more than 5% of its net assets in warrants.
The Fund will not invest in a company if the Fund's investments would result in
the total holdings of all funds in the IDS MUTUAL FUND GROUP being in excess of
15% of that company's issued shares.
