IDS LIFE MANAGED FUND INC, 497J, 1999-08-16

IDS LIFE MANAGED FUND INC
497J, 1999-08-16

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August 13, 1999



Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549-1004

ATTN:  Ms. Zandra Y. Bailes, Document Control - EDGAR

Re:    AXP Variable Portfolio - Managed Series, Inc. formerly known as
       IDS Life Managed Fund, Inc.
          AXP Variable Portfolio - Diversified Equity Income Fund
       Post-Effective Amendment No. 25
       File No. 2-96367/811-4252

Dear Ms. Bailes:

Registrant  certifies  that the form of  prospectus  and Statement of Additional
that  would  have  been  filed  under  paragraph  (c) of Rule 497 would not have
differed  from that  contained  in the most  recent  Registration  Statement  or
Amendment,  and the text of the most recent Registration  Statement or Amendment
has been filed electronically.

Sincerely,

AXP VARIABLE PORTFOLIO - MANAGED SERIES, INC.
    AXP Variable Portfolio - Diversified Equity Income Fund





/s/ Leslie L. Ogg
Leslie L. Ogg
Vice President

LLO/BS/dm