<PAGE> PAGE 1
000 A000000 02/29/2000
000 C000000 0000764546
000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000
I000000 6.1 000 J000000 U
001 A000000 AXP VARIABLE PORTFOLIO-MANAGED SERIES, INC.
001 B000000 811-4252
001 C000000 6126713800
002 A000000 200 AXP FINANCIAL CENTER
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55474
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 AXP VARIABLE PORTFOLIO MANAGED FUND
007 C030100 N
007 C010200 2
007 C020200 AXP VP DIVERSIFIED EQUITY INCOME FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 IDS LIFE INSURANCE COMPANY
008 B00AA01 A
008 C00AA01 801-8101
008 D01AA01 MINNEAPOLIS
008 D02AA01 MN
008 D03AA01 55474
008 A00AA02 AMERICAN EXPRESS FINANCIAL CORPORATION
008 B00AA02 S
008 C00AA02 801-14721
008 D01AA02 MINNEAPOLIS
008 D02AA02 MN
008 D03AA02 55474
012 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
012 B00AA01 84-456
012 C01AA01 MINNEAPOLIS
<PAGE> PAGE 2
012 C02AA01 MN
012 C03AA01 55474
014 A00AA01 AMERICAN EXPRESS SERVICE CORPORATION
014 B00AA01 8-27456
014 A00AA02 AMERICAN ENTERPRISE INVESTMENT SERVICES INC.
014 B00AA02 8-42582
014 A00AA03 SECURITIES AMERICA, INC.
014 B00AA03 8-26602
014 A00AA04 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
014 B00AA04 8-16791
014 A00AA05 IDS LIFE INSURANCE COMPANY
014 B00AA05 8-14124
014 A00AA06 AMERICAN EXPRESS FINANCIAL ADVISORS JAPAN INC
014 B00AA06 8-12550
015 A00AA01 AMERICAN EXPRESS TRUST COMPANY
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55474
015 E01AA01 X
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019 C00AA00 AMEXPFUNDS
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020 C000001 225
020 A000002 MORGAN STANLEY DEAN WITTER & CO.
020 B000002 13-2655998
020 C000002 115
020 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000003 13-5674085
020 C000003 100
020 A000004 AMERICAN ENTERPRISE INV. SERV. INC.
020 B000004 41-1667086
020 C000004 85
020 A000005 LEHMAN BROTHERS INC.
020 B000005 13-2518466
020 C000005 51
020 A000006 CREDIT SUISSE FIRST BOSTON CORP.
020 B000006 13-5659485
020 C000006 50
020 A000007 CAPITAL INSTITUTIONAL SERVICE INC.
020 B000007 75-1565705
020 C000007 49
020 A000008 GOLDMAN, SACHS & CO.
020 B000008 13-5108880
020 C000008 34
020 A000009 PACIFIC CREST SECURITIES
020 B000009 93-0625230
020 C000009 34
<PAGE> PAGE 3
020 A000010 U.S. BANCORP PIPER JAFFRAY INC.
020 B000010 41-0953246
020 C000010 33
021 000000 1187
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022 C000005 157848
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022 B000006 13-2501865
022 C000006 191240
022 D000006 20909
022 A000007 DONALDSON, LUFKIN JENRETTE SEC. CORP.
022 B000007 13-2741729
022 C000007 92013
022 D000007 42886
022 A000008 NATIONSBANK
022 B000008 75-0520130
022 C000008 106342
022 D000008 26763
022 A000009 MORGAN (J.P.) SECURITIES INC.
022 B000009 13-3224016
022 C000009 72967
022 D000009 19238
022 A000010 CHASE INVESTMENT SERVICES CORP.
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022 C000010 53889
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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SIGNATURE LESLIE L OGG
TITLE SECRETARY
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<NAME> AXP VP MANAGED FUND
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EXHIBIT 77D
for AXP Variable Portfolio -- Managed Series, Inc.
At Board of Directors' meeting held on September 8-9.
The following investment policy was eliminated:
Under normal market conditions, the Fund does not intend to commit more than 5%
of its total assets to when-issued securities or forward commitments.
The following investment policy was adopted:
The Fund may invest in repurchase agreements provided AEFC evaluates the
creditworthiness of each counterparty to a repurchase agreement and takes steps
that are reasonably designed to ensure that the repurchase agreement is fully
collateralized.
