IDS FEDERAL INCOME FUND INC
497, 1994-03-11
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Prospectus Supplement - March 14, 1994*
_______________________________________________________
IDS Federal Income Fund, Inc. (Aug. 27, 1993) 
Form No. S-6042 F (8/93)
_______________________________________________________

The prospectus for the above fund dated August 27, 1993 is modified
to read as follows:

In the section titled "Portfolio Managers":

*    The Fund's portfolio manager has been revised as follows:

     Jim Snyder joined IDS in 1989 as an investment analyst.  He
     has served as associate portfolio manager of this fund since
     1992 and became portfolio manager on December 31, 1993.  He
     also is portfolio manager of IDS Strategy, Short-Term Income
     Fund.  Prior to joining IDS, he had been a Quantitative
     Investment Analyst at Harris Trust.
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