IDS LIFE VARIABLE LIFE SEPARATE ACCOUNT, S-6EL24/A, 1995-09-22

IDS LIFE VARIABLE LIFE SEPARATE ACCOUNT
S-6EL24/A, 1995-09-22

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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

PRE-EFFECTIVE AMENDMENT NO. 1 TO

FORM S-6

File No. 33-62457

FOR REGISTRATION UNDER THE SECURITIES ACT
OF 1933 OF SECURITIES OF UNIT INVESTMENT
TRUSTS REGISTERED ON FORM N-8B-2

A. Exact name of trust: IDS Life Variable Life Separate Account

B. Name of depositor: IDS LIFE INSURANCE COMPANY

C. Complete address of depositor's principal executive offices:

IDS Tower 10, Minneapolis, Minnesota 55440-0010

D. Name and complete address of agent for service:

Copies to:
Mary Ellyn Minenko, Esq.
IDS Life Insurance Company
IDS Tower 10
Minneapolis, Minnesota 55440-0010

It is proposed that this filing will become effective Sept.
25, 1995 or as soon as practicable thereafter (check
appropriate space)

immediately upon filing pursuant to paragraph (b) of Rule 486
on (date), pursuant to paragraph (b) of Rule 486
60 days after filing pursuant to paragraph (a)i of Rule 486
on (date) pursuant to paragraph (a)i of Rule 485
This post-effective amendment designates a new effective date
for a previously filed post-effect amendment.

E. Title and amount of securities being registered:

Flexible Premium Survivorship Variable Life Insurance
Policy

F. Proposed maximum aggregate offering price to the public of the
securities being registered.

DECLARATION REQUIRED BY RULE 24F-2(a)(1)

The Registrant has registered an indefinite number or
amount of securities under the Securities Act of 1933
pursuant to Section 24f-2 of the Investment Company Act
of 1940. Registrant's Rule 24f-2 Notice for its most
recent fiscal year was filed on or about February 28,
1995.

G. Amount of initial filing fee: NA <PAGE>
PAGE 2
H. Approximate date of proposed public offering:

Check space if it is proposed that this filing will become
effective on (date) at (time) pursuant to Rule 487
<PAGE>
PAGE 3
CROSS REFERENCE TO ITEMS REQUIRED
BY FORM N-8B-2

N-8B-2 Item Caption in Prospectus

1.............................Cover Page; The variable account
2.............................IDS Life
3.............................Not applicable
4.............................Distribution of the policy
5.............................The variable account
6.............................The variable account
7.............................Not applicable
8.............................Annual financial information
9.............................Legal proceedings
10............................Surrender charge; Total surrenders;
Partial surrenders; Taxation of
policy proceeds; Reinstatement;
Transfers between the fixed account
and the subaccounts; Keeping the
policy in force; Grace period;
Voting rights; Substitution of
investments; Payment of premiums;
The fixed account; Allocation of
premiums; Transfers between the
fixed account and the subaccounts;
Right to examine policy
11............................The fund
12............................The fund; Cover page
13............................Loads, fees, and charges; Keeping the
policy in force
14............................Purchasing your policy; Application
15............................Premiums; Payment of premiums;
Transfers between the fixed account
and the subaccounts; The fund
16............................Premiums; Payment of premiums;
Transfers between the fixed account
and the subaccounts; The fund
17............................Two ways to request a transfer, loan
or surrender; Policy surrenders
18............................The fund
19............................Reports
20............................Not applicable
21............................Policy loans; fixed account and
subaccounts; Two ways to request a
transfer, loan or surrender
22............................Not applicable
23............................Management of IDS Life
24............................Policy value; Proceeds payable upon
death; Payment of policy proceeds
25............................IDS Life
26............................Annual financial information
27............................IDS Life
28............................Management of IDS Life
29............................Ownership
30............................Not applicable
31............................Not applicable
32............................Not applicable
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33............................Not applicable
34............................Not applicable
35............................IDS Life
36............................Not applicable
37............................Not applicable
38............................Distribution of the policy
39............................IDS Life; Distribution of the policy
40............................Annual financial information
41............................Distribution of the policy; IDS Life
42............................Management of IDS Life
43............................Not applicable
44............................Premiums; Transfers between the fixed
account and subaccounts; Subaccount
values
45............................Not applicable
46............................Subaccount values
47............................Relationship between portfolios and
subaccounts
48............................IDS Life
49............................Not applicable
50............................Not applicable
51............................The variable account
52............................Substitution of investments
53............................IDS Life's tax status
54............................Not applicable
55............................Policy illustrations
56............................Not applicable
57............................Not applicable
58............................Not applicable
59............................Annual financial information
<PAGE>
PAGE 5
Flexible Premium Survivorship Variable Life Insurance Policy

Prospectus ____________, 1995

The Flexible Premium Survivorship Variable Life Insurance Policy
described in this prospectus is designed to provide life insurance
coverage on two insureds, with a death benefit payable when the
last surviving insured dies while the policy is in force. The
policy is intended to qualify as a life insurance policy under
Sections 72, 101 and 7702 of the Internal Revenue Code.

You may allocate policy value to one or more of six subaccounts of
IDS Life Variable Life Separate Account. The subaccounts invest in
the portfolios of IDS Life Series Fund: Equity, Income, Money
Market, Managed, Government Securities, and International Equity.
Policy values increase and decrease with investment experience, and
reflect certain deductions and charges. There is no guaranteed
minimum policy value with respect to the subaccounts, and you bear
the entire investment risk. You may also allocate policy value to
the fixed account which earns at least a guaranteed minimum
interest rate. The fixed account is the general investment account
of IDS Life Insurance Company (IDS Life).

You may withdraw a portion of the policy's cash surrender value
after the first policy year or surrender it in full at any time for
its cash surrender value. Surrender charges are described under
"Loads, fees and charges". You may also take out policy loans.

The frequency and amount of premium payments are flexible, subject
to certain restrictions and conditions. Payment of the scheduled
premium will not necessarily keep a policy from lapsing if the cash
surrender value is less than the amount needed to pay the monthly
deduction (see "Loads, fees and charges"). However, a policy will
not lapse if the premiums needed to keep either the death benefit
guarantee to age 85 (DBG-85) or the death benefit guarantee to age
100 (DBG-100) or the minimum initial premium period in effect, are
paid.

This prospectus contains detailed information about these and other
policy features, including certain restrictions and limitations
that apply. As in the case of other life insurance policies, it
may not be advantageous to purchase flexible premium survivorship
variable life insurance as a replacement for, or in addition to an
existing flexible premium variable or other life insurance policy.
<PAGE>
PAGE 6
IDS Life Variable Life Separate Account
Flexible Premium Survivorship Variable Life Insurance Policy

Issued and sold by: IDS Life Insurance Company, IDS Tower 10,
Minneapolis, MN 55440 Telephone: (612) 671-3131

THIS PROSPECTUS IS VALID ONLY WHEN ACCOMPANIED OR PRECEDED BY THE
PROSPECTUS OF THE IDS LIFE SERIES FUND, INC. ALL PROSPECTUSES
SHOULD BE RETAINED FOR FUTURE REFERENCE.

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION, NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY
STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF
THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.

IDS LIFE IS NOT A FINANCIAL INSTITUTION, AND THE SECURITIES IT
OFFERS ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR
ENDORSED BY ANY FINANCIAL INSTITUTION NOR ARE THEY INSURED BY THE
FEDERAL DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE BOARD OR
ANY OTHER AGENCY. INVESTMENTS IN THIS POLICY INVOLVE INVESTMENT
RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL.
<PAGE>
PAGE 7
Table of contents

Key terms
The policy in brief
The variable account
The fund
Equity Portfolio
Income Portfolio
Money Market Portfolio
Managed Portfolio
Government Securities Portfolio
International Equity Portfolio
Portfolio objectives
Relationship between portfolios and subaccounts
Rates of return of the fund and subaccounts
The fixed account
Purchasing your policy
Application
Right to examine policy
Premiums
Keeping the policy in force
Death benefit guarantee to age 85
Death benefit guarantee to age 100
Minimum initial premium period
Grace period
Reinstatement
Loads, fees and charges
Premium expense charge
Monthly deduction
Surrender charge
Partial surrender fee
Mortality and expense risk charge
Fund investment management fee
Policy value
Fixed account value
Subaccount values
Proceeds payable upon death
Change in death benefit option
Changes in specified amount
Misstatement of age or sex
Suicide
Beneficiary
Transfers between the fixed account and subaccounts
Fixed account transfer policies
Minimum transfer amounts
Maximum transfer amounts
Maximum number of transfers per year
Two ways to request a transfer, loan or surrender
Automated transfers
Automated dollar-cost averaging
Policy loans
Policy surrenders
Total surrenders
Partial surrenders
Allocations of partial surrenders
Effects of partial surrenders
Taxes
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PAGE 8
Optional insurance benefits
Policy Split Option Rider
Four-Year Term Insurance Rider
Payment of policy proceeds
Federal taxes
IDS Life's tax status
Taxation of policy proceeds
Modified endowment contracts
Other tax considerations
IDS Life
Ownership
State regulation
Distribution of the policy
Legal proceedings
Experts
Management of IDS Life
Other information
Substitution of investments
Voting rights
Reports
Policy illustrations
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PAGE 9
Key terms

Accumulation unit: An accounting unit used to calculate the policy
value of the subaccounts. It is a measure of the net investment
results of each of the subaccounts.

Attained insurance age: Each insured's insurance age plus the
number of policy anniversaries since the policy date. Attained
insurance age changes only on a policy anniversary.

Cash surrender value: Proceeds received if the policy is
surrendered in full, or the amount payable if the last surviving
insured's death occurs on or after the youngest insured's attained
insurance age 100. The cash surrender value equals the policy
value minus indebtedness, minus any applicable surrender charges.

Code: The Internal Revenue Code of 1986, as amended.

Close of business: Closing time of the New York Stock Exchange,
normally 3 p.m., Central time.

Death benefit guarantee to age 85 (DBG-85): A feature of the policy
guaranteeing that the policy will not lapse before the youngest
insured's attained insurance age 85 (or 15 policy years, if later).
This feature is in effect if you meet certain premium payment
requirements.

Death benefit guarantee to age 85 (DBG-85) premium: The premium
required to keep the DBG-85 in effect. The DBG-85 premium is shown
in your policy. It depends on each insured's sex, insurance age,
risk classification, optional insurance benefits added by rider,
and the initial specified amount.

Death benefit guarantee to age 100 (DBG-100): A feature of the
policy guaranteeing that the policy will not lapse before the
youngest insured's attained insurance age 100. This feature is in
effect if you meet certain premium payment requirements.

Death benefit guarantee to age 100 (DBG-100) premium: The premium
required to keep the DBG-100 in effect. The DBG-100 premium is
shown in your policy. It depends on each insured's sex, insurance
age, risk classification, optional insurance benefits added by
rider, and the initial specified amount.

Fixed account: The general investment account of IDS Life. The
fixed account is made up of all of IDS Life's assets other than
those held in any separate account.

Fixed account value: The portion of the policy value that is
allocated to the fixed account, including indebtedness.

Fund: IDS Life Series Fund, Inc., a diversified open-end management
investment company intended to meet a wide range of investment
goals with its six separate portfolios: Equity Portfolio, Income
Portfolio, Money Market Portfolio, Managed Portfolio, Government
<PAGE>
PAGE 10
Securities Portfolio, and International Equity Portfolio. Each of
six subaccounts of the variable account invests in a specific one
of these portfolios.

IDS Life: In this prospectus, "we," "us," "our," and "IDS Life"
refer to IDS Life Insurance Company.

Indebtedness: All existing loans on the policy plus interest that
has either been accrued or added to the policy loan.

Insurance age: Each insured's age based upon his or her last
birthday on the date of the application.

Insureds: The persons whose lives are insured by the policy.

Minimum initial premium period: A period of time during the early
years of the policy when the policy will not lapse even if the cash
surrender value is less than the amount needed to pay the monthly
deduction. This feature is in effect if you meet certain premium
payment requirements.

Monthly date: The same day each month as the policy date. If there
is no monthly date in a calendar month, the monthly date is the
first day of the next calendar month.

Net amount at risk: A portion of the death benefit, equal to the
total current death benefit minus the policy value. This is the
amount to which cost of insurance rates are applied in determining
the monthly cost of insurance.

Net premium: The premium paid minus the premium expense charge.

Owner: The entity(ies) to which, or individual(s) to whom, the
policy is issued, or to whom ownership is subsequently transferred.
In the prospectus "you" and "your" refer to the owner.

Policy anniversary: The same day and month as the policy date each
year the policy remains in force.

Policy date: The date the policy is issued and from which policy
anniversaries, policy years and policy months are determined.

Policy value: The sum of the fixed account value plus the variable
account value.

Proceeds: The amount payable under the policy as follows:

o Upon death of the last surviving insured prior to the
youngest insured's attained insurance age 100, proceeds
will be the death benefit in effect as of the date of
that insured's death, minus any indebtedness.

o Upon the death of the last surviving insured on or after
the youngest insured's attained insurance age 100,
proceeds will be the cash surrender value.
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PAGE 11
o On surrender of the policy the proceeds will be the cash
surrender value.

Risk classification: A group of insureds that IDS Life expects will
have similar mortality experience.

Scheduled premium: A premium, selected by the owner at the time of
application, of a level amount, at a fixed interval of time.

Specified amount: An amount used to determine the death benefit and
the proceeds payable upon death of the last surviving insured prior
to the youngest insured's attained insurance age 100. The initial
specified amount is shown in your policy.

Subaccount(s): One or more of the investment divisions of the
variable account, each of which invests in a particular fund
portfolio.

Surrender charge: A contingent deferred issue and administration
expense charge assessed against the policy value at the time of
surrender during the first 15 years of the policy.

Valuation date: A normal business day, Monday through Friday, on
which the New York Stock Exchange is open.

Valuation period: The interval commencing at the close of business
on each valuation date and ending at the close of business on the
next valuation date.

Variable account: IDS Life Variable Life Separate Account
consisting of subaccounts, each of which invests in a particular
mutual fund portfolio. The policy value in each subaccount depends
on the performance of the particular portfolio.

Variable account value: The sum of the values that are allocated to
the subaccounts of the variable account.

The policy in brief

The Flexible Premium Survivorship Variable Life Insurance Policy
(the policy) is designed to provide insurance protection on two
insureds and to build policy value. The policy provides a death
benefit that is payable to the beneficiary upon the last surviving
insured's death. The policy allows you, as the owner, to allocate
your net premiums, or transfer policy value, to:

The variable account, consisting of subaccounts, each of which
invests in a mutual fund portfolio with a particular
investment objective. You may direct premiums to any or all
of six of these subaccounts. Your policy's value may increase
or decrease daily, depending on the investment return. No
minimum amount is guaranteed. (p. )

The fixed account, which earns interest at rates that are
adjusted periodically by IDS Life. This rate will never be
lower than 4%. (p. )
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The fund: Six subaccounts of the variable account invest in IDS
Life Series Fund, Inc., a series mutual fund for which IDS Life is
investment manager. The fund includes Equity, Income, Money
Market, Managed, Government Securities and International Equity
portfolios. (p. )

Purchasing your policy: To apply, send a completed application and
premium payment to IDS Life's home office. For your application to
be accepted, you will need to provide medical and other evidence
that the persons you propose to insure meet the requirements of our
underwriting rules. (p. )

Right to examine policy: You may return your policy for any reason
and receive a full refund of your premiums by mailing us the policy
and a written request for cancellation within a specified period.
(p. )

Premiums: In applying for your policy, you state how much you
intend to pay, and whether you will pay quarterly, semiannually or
annually. You may make additional unscheduled premium payments
subject to certain limits. No premium payments can be made on or
after the youngest insured's attained insurance age 100. We may
refuse premiums in order to comply with the Code. (p. )

DBG-85: A feature of the policy guaranteeing that the policy will
not lapse before the youngest insured's attained insurance age 85
(or 15 policy years, if later). This feature is in effect if you
meet certain premium payment requirements. (p. )

DBG-100: A feature of the policy guaranteeing that the policy will
not lapse before the youngest insured's attained insurance age 100.
This feature is in effect if you meet certain premium payment
requirements. (p. )

Grace period: If the cash surrender value of your policy becomes
less than the amount needed to pay the monthly deduction, and
neither of the death benefit guarantees nor the minimum initial
premium period is in effect, you will have 61 days to pay the
premium needed so that the next three monthly deductions can be
paid. If you don't, the policy will lapse. (p. )

Reinstatement: If your policy lapses, it can be reinstated within
five years. The reinstatement is subject to certain conditions
including evidence of insurability satisfactory to IDS Life and the
payment of a sufficient premium. Neither the DBG-85 nor DBG-100 can
be reinstated. (p. )

Loads, fees and charges: Your policy is subject to the following
charges, which compensate IDS Life for administering and
distributing the policy as well as paying policy benefits and
assuming related risks:<PAGE>
PAGE 13
o Premium expense charge -- charge deducted from each premium
payment to cover some distribution expenses, state and local
premium taxes, and federal taxes. (p. )

o Monthly deduction -- charged against the value of your policy
each month (prior to the youngest insured's attained insurance age
100), covering the cost of insurance, certain administrative
expenses and optional insurance benefits. (p. )

o Surrender charge -- applies if you surrender your policy for its
full cash value, or the policy lapses, during the first 15 years.
The surrender charge is a deferred charge for costs of issuing the
policy. It is based on the initial specified amount. (p. )

o Partial surrender fee -- applies if you surrender part of the
value of your policy; equals $25 or 2% of the amount surrendered,
whichever is less. (p. )

o Mortality and expense risk charge -- applies only to the
subaccounts; equals, on an annual basis, 0.9% of the average daily
net asset value of the subaccounts. (p. )

o Fund investment management fee -- applies only to the fund
portfolios; equals, on an annual basis, 0.5% of the average daily
net assets of the Money Market Portfolio, 0.95% of International
Equity Portfolio and 0.7% of the average daily net assets of the
other portfolios. (p. )

Proceeds payable upon death: Prior to the youngest insured's
attained insurance age 100, your policy's death benefit can never
be less than the specified amount, less outstanding indebtedness.
The relationship between the policy value and the death benefit
depends on which of two options you choose:

o Option 1 level amount: The death benefit is the greater of the
specified amount or a percentage of policy value.

o Option 2 variable amount: The death benefit is the greater of
the specified amount plus the policy value, or a percentage of
policy value.

You may change the death benefit option or specified amount within
certain limits; doing so will generally affect policy charges.

On or after the youngest insured's attained insurance age 100, the
proceeds payable upon the death of the last surviving insured will
be the cash surrender value.
(p. )

Transfers between the fixed account and subaccounts: You may, at
no charge, transfer policy value from one subaccount to another or
between subaccounts and the fixed account. (Certain restrictions
apply to transfers involving the fixed account.) We reserve the
right to limit transfers to no more than five transfers per year by
phone or mail. You can also arrange for automated transfers on a
monthly, quarterly, semiannual or annual basis. (p. )
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PAGE 14
Policy loans: You may borrow against your policy's cash surrender
value. A policy loan, even if repaid, can have a permanent effect
on the death benefit and policy value. A loan may also have tax
consequences if your policy lapses or you surrender it. (p. )

Policy surrenders: You may cancel this policy while it is in force
and receive its cash surrender value. The cash surrender value is
the policy value minus indebtedness, minus any applicable surrender
charges. (p. )

Exchange right: For two years after the policy is issued, you can
exchange it for one that provides benefits that do not vary with
the investment return of the subaccounts. Because the policy
itself offers a fixed return option, all you need to do is transfer
all of the policy value in the subaccounts to the fixed account.
(p. )

Payment of policy proceeds: Proceeds will be paid when you
surrender the policy or the last surviving insured dies. You or
the beneficiary may choose whether payment is to be made in a lump
sum or under one or more of certain options. (p. )

Federal taxes: The death benefit is not considered part of the
beneficiary's income and thus is not subject to federal income
taxes. Part or all of any proceeds received through full or
partial surrender, lapse, policy loan or assignment of policy value
may be subject to federal income tax as ordinary income. Proceeds
other than death benefits from certain policies, classified as
"modified endowments," are taxed differently from proceeds of
conventional life insurance contracts and may also be subject to an
additional 10% IRS penalty tax if you are younger than 59 1/2. A
policy is considered to be a modified endowment if it was applied
for or materially changed after June 21, 1988, and premiums paid in
the early years exceed certain modified endowment limits. (p. )

The variable account

You can direct your premiums to any or all of six subaccounts of
the variable account. These subaccounts invest in portfolios of
IDS Life Series Fund, Inc.:

Subaccount invests exclusively in shares of
U Equity Portfolio
V Income Portfolio
W Money Market Portfolio
X Managed Portfolio
Y Government Securities Portfolio
IL International Equity Portfolio

The variable account was established on Oct. 16, 1985, under
Minnesota law and is registered as a single unit investment trust
under the Investment Company Act of 1940. Such registration does
not involve any SEC supervision of the account's management or
investment practices or policies. Subaccount IL was added to the
variable account on October 28, 1994.
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PAGE 15
The variable account meets the definition of a "separate account"
under federal securities laws. Income, capital gains or capital
losses of each subaccount are credited to or charged against the
assets of that subaccount alone. No subaccount will be charged
with liabilities of any other subaccount or of any other business
conducted by IDS Life.

At all times IDS Life will maintain assets in the subaccounts with
total market value at least equal to the reserves and other
liabilities required to cover insurance benefits under all
contracts participating in the subaccount.

The fund

IDS Life Series Fund, Inc., a Minnesota corporation, is a
diversified, open-end management investment company incorporated on
May 8, 1985. The International Equity portfolio was added to the
fund on October 28, 1994. The fund now consists of six portfolios:

Equity Portfolio

Objective: capital appreciation. Invests primarily in common
stocks listed on national securities exchanges and other securities
convertible into common stock.

Income Portfolio

Objective: to maximize current income while attempting to conserve
the value of the investment and to continue the high level of
income for the longest period of time. At least 50% of net assets
will normally be invested in high-quality, lower-risk corporate
bonds, unrated corporate bonds believed to have the same investment
qualities and government bonds. Other investments may include
lower-rated corporate bonds, bonds and common stocks sold together
as a unit, preferred stock and foreign securities.

Money Market Portfolio

Objective: to provide maximum current income consistent with
liquidity and conservation of capital. Invests in relatively
short-term money market securities, such as marketable debt
securities issued or guaranteed as to principal and interest by the
U.S. government or its agencies or instrumentalities, bank
certificates of deposit, bankers' acceptances, letters of credit
and high-grade commercial paper.

Managed Portfolio

Objective: to maximize total investment return through a
combination of capital appreciation and current income. If the
investment manager believes the stock market will be moving higher,
it can emphasize stocks that offer potential for appreciation. At
other times, the manager may increase the portfolio's holdings in
bonds and money-market securities providing high current income.

<PAGE>
PAGE 16
Government Securities Portfolio

Objective: to provide a high current return and safety of
principal. Invests primarily in debt obligations issued or
guaranteed as to principal and interest by the U.S. government, its
agencies and instrumentalities.

International Equity Portfolio

Objective: capital appreciation. Invests primarily in common
stocks of foreign issuers and foreign securities convertible into
common stock. Other investments may include certain international
bonds if the portfolio manager believes they have greater potential
for capital appreciation than equities.

Portfolio objectives

Portfolio objectives can be changed only if holders of a majority
of outstanding shares agree. Because portfolio investments are
subject to the risk of changing economic conditions and the ability
of the investment manager to anticipate such changes, there can be
no guarantee that the investment objectives of a portfolio will be
achieved.

Relationship between portfolios and subaccounts

Shares of each portfolio are sold to the appropriate subaccount at
net asset value without a sales charge. Dividends and capital gain
distributions from a portfolio are reinvested at net asset value
without a sales charge and retained as an asset of the appropriate
subaccount. Portfolio shares will be redeemed by the appropriate
subaccount, without fee to the subaccount, to the extent necessary
to make death benefit or other payments under the policy.

Portfolio shares are sold only to fund life insurance benefits
under variable life insurance policies issued by IDS Life and IDS
Life Insurance Company of New York. Currently shares are sold only
to:
o the respective subaccounts of the variable account;
o IDS Life Variable Account for Smith Barney;
o IDS Life of New York Account 7; and
o IDS Life of New York Account 8.

Also, there are additional subaccounts of the variable account,
that fund other insurance policies issued by IDS Life and are not
discussed here.

Shares may, in the future, be sold to other separate accounts to
fund benefits of other variable life insurance policies and
variable annuity contracts.

IDS Life acts as the investment manager of the fund and receives a
fee for its services as described under "Loads, fees and charges."
American Express Trust Company acts as custodian of the fund's
investments.

<PAGE>
PAGE 17
Detailed information about the fund, its investment objectives,
policies and risks, and its separate investment portfolios may be
found in its prospectus.

Diversification: The Internal Revenue Service (IRS) has issued
final regulations relating to the diversification requirements
under Section 817(h) of the Code. Each fund portfolio intends to
comply with these requirements.

Ownership rules: The U.S. Treasury and the IRS have indicated they
may provide additional guidance concerning how many subaccounts may
be offered and how many exchanges among subaccounts may be allowed
before the owner is considered to have investment control and thus
is currently taxed on income earned within subaccount assets. We
do not know at this time what the additional guidance will be or
when action will be taken. We reserve the right to modify the
policy, as necessary, to ensure that the owner will not be subject
to current taxation as the owner of the subaccount assets.

Rates of return of the fund and subaccounts

This section presents actual rates of return, first for the six
portfolios of the fund, and then for the six corresponding
subaccounts. Rates of return are different in the two cases
because those of the subaccounts reflect additional expenses. All
expenses mentioned in the section are explained fully under "Loads,
fees and charges."

Rates of return of fund portfolios

In the following table are average annual rates of return based on
the actual investment performance of the fund portfolios after
deduction of applicable portfolio expenses (including the
investment management fees) for the periods indicated. These rates
do not reflect expenses that apply to the subaccounts or the policy
and therefore do not illustrate how actual investment performance
will affect policy benefits. Moreover, these rates of return are
not an estimate or guarantee of future performance.

Period ending 6/30/95

Portfolio 1 year 3 years 5 years Since inception*
Equity 32.32% 19.12% 16.08% 13.48%
Income 12.97 9.13 10.40 8.18
Money Market 4.88 3.51 4.37 5.56
Managed 15.23 12.94 12.99 13.17
Government Securities 11.42 7.76 9.21 7.62
International Equity -- -- -- 19.79

*The portfolios of the fund commenced operations on January 20,
1986. International Equity Portfolio commenced operations on
October 28, 1994.

<PAGE>
PAGE 18
Rates of return of subaccounts

Average annual rates of return in the following table reflect all
expenses incurred by the portfolios and charges against the
subaccounts (including the mortality and expense risk charge). The
rates do not reflect the premium expense charge, surrender charge
or monthly deduction.
<TABLE><CAPTION>
Subaccount Investment 1 year 3 years 5 years Since inception*
<S> <C> <C> <C> <C> <C>
U Equity 31.13% 18.05% 15.05% 11.32%
V Income 11.94 8.15 9.41 7.91
W Money Market 3.97 2.60 3.45 4.56
X Managed 13.98 11.86 11.99 11.49
Y Government Securities 10.43 6.80 8.23 7.47
IL International Equity -- -- -- 12.20

*The subaccounts commenced operations on June 17, 1987. Subaccount IL investing in
International Equity portfolio commenced operations on October 28, 1994.
</TABLE>
The fixed account

You can allocate premiums to the fixed account or transfer policy
value from the subaccounts to the fixed account (with certain
restrictions, explained in "Transfers between the fixed account and
subaccounts").

The fixed account is the general investment account of IDS Life.
It includes all assets owned by IDS Life other than those in the
variable account and other separate accounts. Subject to
applicable law, IDS Life has sole discretion to decide how assets
of the fixed account will be invested.

Placing policy value in the fixed account does not entitle you to
share in the fixed account's investment experience, nor does it
expose you to the account's investment risk. Instead, IDS Life
guarantees that the policy value you place in the fixed account
will accrue interest at an effective annual rate of at least 4%,
independent of the actual investment experience of the account.
IDS Life bears the full investment risk for amounts allocated to
the fixed account.

IDS Life is not obligated to credit interest at any rate higher
than 4%, although we may do so at our sole discretion.

Interest in excess of 4% will not be credited on any portion of
policy value in the fixed account against which you have a policy
loan outstanding.

Because of exemptive and exclusionary provisions, interests in the
fixed account have not been registered under the Securities Act of
1933, and the fixed account has not been registered as an
investment company under the Investment Company Act of 1940.
Accordingly, neither the fixed account nor any interests in it are
subject to the provisions of these Acts, and the staff of the SEC
has not reviewed the disclosures in this prospectus relating to the
fixed account. Disclosures regarding the fixed account may,
<PAGE>
PAGE 19
however, be subject to certain generally applicable provisions of
the federal securities laws relating to the accuracy and
completeness of statements made in prospectuses.

Purchasing your policy

Application

To apply for coverage, complete an application and send it with
your premium payment to IDS Life's home office. In your
application, you:

o select a specified amount of insurance;
o select a death benefit option;
o designate a beneficiary; and
o state how premiums are to be allocated among the fixed
account and/or the subaccounts.

Insurability: Before issuing your policy, IDS Life requires
satisfactory evidence of the insurability of the persons whose
lives you propose to insure. Our underwriting department will
review your application and any medical information or other data
required to determine whether the proposed individuals are
insurable under our underwriting rules. Your application may be
declined if a person fails to meet the underwriting requirements
and any premiums you have paid will be returned.

Age limit: IDS Life generally will not issue a policy to persons
over the insurance age of 85. It may, however, do so at its sole
discretion.

Risk classification: The risk classification for each insured is
based on that insured's health, occupation or other relevant
underwriting standards. This classification will affect the
monthly deduction. (See "Loads, fees and charges" and "Optional
insurance benefits.")

Other conditions: In addition to proving insurability, you and the
insureds must also meet certain conditions, stated in the
application form, before coverage will become effective and your
policy is issued to you. The lives insured may be covered under
the terms of a conditional insurance agreement prior to a policy
being issued.

Incontestability: IDS Life will have two years from the effective
date of your policy to contest the truth of statements or
representations in your application. After the policy has been in
force during the lifetimes of both insureds for two years from the
policy date, IDS Life cannot contest the policy.

Right to examine policy

You may return your policy for any reason, and receive a full
refund of all premiums paid. To do so you must mail or deliver the
policy to IDS Life or your financial advisor, with a written
request for cancellation, by the latest of:
<PAGE>
PAGE 20

o the 10th day after you receive it (15th day in Colorado,
20th day in North Dakota);
o the 10th day after IDS Life mails or personally delivers a
written notice of withdrawal right (15th day in Colorado,
20th day in North Dakota); or
o the 45th day after you sign your application.

On the date your request is postmarked or received, the policy will
immediately be considered void from the start.

Premiums

Payment of premiums:

In applying for your policy, you decide how much you intend to pay
and how often you will make payments. During the early policy
years until the policy value is sufficient to cover the surrender
charge, IDS Life requires that you pay the premiums sufficient to
keep the DBG-85 in effect.

You may schedule payments annually, semiannually or quarterly.
(Payment at any other interval must be approved by IDS Life.) This
premium schedule is shown in your policy.

The scheduled premium serves only as an indication of your intent
as to the frequency and amount of future premium payments. You may
skip scheduled premium payments at any time if your cash surrender
value is sufficient to pay the monthly deduction, or if you have
paid sufficient premium to keep the DBG-85, the DBG-100 or the
minimum initial premium period in effect.

You may also change the amount and frequency of scheduled premium
payments by written request. IDS Life reserves the right to limit
the amount of such changes. Any change in the premium amount is
subject to applicable tax laws and regulations.

Although you have flexibility in paying premiums, the amount and
frequency of your payments will affect the policy value, cash
surrender value and length of time your policy will remain in
force, as well as affect whether the DBG-85, DBG-100 or the minimum
initial premium period remain in effect.

Premium limitations:

You may make unscheduled premium payments at any time and in an
amount of at least $50. IDS Life reserves the right to limit the
number and amount of unscheduled premium payments.

No premium payments, scheduled or unscheduled, are allowed on or
after the youngest insured's attained insurance age 100.

Also, in order to receive favorable tax treatment under the Code,
premiums paid during the life of the policy must not exceed certain
limitations. To comply with the Code, IDS Life can either refuse
excess premiums as they are paid, or refund excess premiums with
interest no later than 60 days after the end of the policy year in
which they were paid.
<PAGE>
PAGE 21
Allocation of premiums:

Until the policy date, we hold all premiums in the fixed account,
and we credit interest on the net premiums (gross premiums minus
premium expense charge) at the current fixed account rate. As of
the policy date, we will allocate the net premiums plus accrued
interest to the account(s) you have selected in your application.
At that time, we will begin to assess the various loads, fees,
charges and expenses.

Any amount allocated to a subaccount is converted into accumulation
units of that subaccount, as explained under "Policy value."
Similarly, when transferring value between subaccounts,
accumulation units in one subaccount are converted into a cash
value, which is then converted into accumulation units of the
second subaccount.

Keeping the policy in force

This section includes a description of the policy provisions that
determine if the policy will remain in force or lapse (terminate).
It is important that you understand them so the appropriate premium
payments are made to ensure that insurance coverage meets your
objectives.

If you wish to have a guarantee that the policy will remain in
force until the youngest insured's attained insurance age 100
regardless of investment performance, you should pay at least the
DBG-100 premiums.

If you wish to pay a lower premium and are satisfied to have a
guarantee that the policy will remain in force until the youngest
insured's attained insurance age 85 (or 15 policy years, if later)
regardless of investment performance, you should pay at least the
DBG-85 premiums.

If you wish to pay yet a lower premium and are not concerned with a
long-term guarantee that the policy will remain in force regardless
of investment performance, you can pay premiums so that the cash
surrender value on each monthly date is sufficient to pay the
monthly deduction. However, during the minimum initial premium
period, you must pay at least the minimum initial premium until the
policy value is greater than the surrender charge and the cash
surrender value is sufficient to pay the monthly deduction. At
that time you may be able to reduce your premiums as long as the
cash surrender value continues to be sufficient to pay the monthly
deduction.

Death benefit guarantee to age 85

The DBG-85 provides that your policy will remain in force until the
youngest insured reaches attained insurance age 85 (or 15 policy
years, if later) even if the cash surrender value is insufficient
to pay the monthly deduction. The DBG-85 will remain in effect, as
long as:
<PAGE>
PAGE 22

the sum of premiums paid minus partial surrenders minus
outstanding indebtedness

equals or exceeds

the DBG-85 premiums due since the policy date.

The DBG-85 premium is shown in the policy.

If, on a monthly date, you have not paid enough premiums to keep
the DBG-85 in effect, an additional period of 61 days will be
allowed for you to pay a premium sufficient to bring your total up
to the required minimum. If you do not pay this amount within 61
days, the DBG-85 will terminate. Your policy will also lapse
(terminate) if the cash surrender value is less than the amount
needed to pay the monthly deduction and the minimum initial premium
period is not in effect. Although the policy can be reinstated as
explained below, the DBG-85 cannot be reinstated.

Death benefit guarantee to age 100

The DBG-100 provides that your policy will remain in force until
the youngest insured's attained insurance age 100 even if the cash
surrender value is insufficient to pay the monthly deduction. The
DBG-100 will remain in effect, as long as:

the sum of premiums paid minus partial surrenders minus
outstanding indebtedness

equals or exceeds

the DBG-100 premiums due since the policy date.

The DBG-100 premium is shown in the policy.

If, on a monthly date, you have not paid enough premiums to keep
the DBG-100 in effect, an additional period of 61 days will be
allowed for you to pay a premium sufficient to bring your total up
to the required minimum. If you do not pay this amount within 61
days, the DBG-100 will terminate. If you have paid sufficient
premium, the DBG-85 will be in effect. If the DBG-85 and DBG-100
are not in effect, your policy will lapse (terminate) if the cash
surrender value is less than the amount needed to pay the monthly
deduction and the minimum initial premium period is not in effect.
Although the policy can be reinstated as explained below, the DBG-
100 cannot be reinstated.

Minimum initial premium period

To allow you the opportunity to increase your policy value
gradually so that the cash surrender value is sufficient to pay the
monthly deduction, you may choose to pay only the minimum initial
premium during the minimum initial premium period as long as the
policy value minus indebtedness equals or exceeds the monthly
deduction. The policy will not enter the grace period during the
minimum initial premium period as shown in your policy under
"Policy Data," if:
<PAGE>
PAGE 23
1. on a monthly date, the policy value minus indebtedness equals
or exceeds the monthly deduction for the policy month following
such monthly date; and
2. the sum of all premiums paid, minus any partial surrenders,
and minus any indebtedness equals or exceeds the minimum initial
premium, as shown in your policy under "Policy Data," times the
number of months since the policy date, including the current
month.

The minimum initial period is

4 years if the youngest insured's insurance age is 20-29
3 years if the youngest insured's insurance age is 30-39
2 years if the youngest insured's insurance age is 40-49
1 year if the youngest insured's insurance age is 50 and over

Grace period

If the cash surrender value of the policy becomes less than that
needed to pay the monthly deduction and neither of the death
benefit guarantees nor the minimum initial premium period is in
effect, you will have 61 days to pay the required premium amount.
If the required premium is not paid, the policy will lapse.

IDS Life will mail a notice to your last known address, requesting
payment of the premium needed so that the next three monthly
deductions can be made. If we receive this premium before the end
of the 61-day grace period, we will use the payment to pay all
monthly deductions and any other charges then due. Any balance
will be added to the policy value and allocated in the same manner
as other premium payments.

If a policy lapses with outstanding indebtedness, any excess of the
outstanding indebtedness over the premium paid generally will be
taxable to the owner (See "Federal taxes"). If the last surviving
insured dies during the grace period, any overdue monthly
deductions will be deducted from the death benefit.

Reinstatement

Your policy may be reinstated within five years after it lapses,
unless you surrendered it for cash. To reinstate, IDS Life will
require:

o a written request;

o evidence satisfactory to IDS Life that both insureds remain
insurable or evidence for the last surviving insured and due
proof that the first death occurred before the date of
lapse;

o payment of a premium that will keep the policy in force for
at least three months (one month in Virginia);

o payment of the monthly deductions that were not collected
during the grace period; and<PAGE>
PAGE 24
o payment or reinstatement of any indebtedness.

The effective date of a reinstated policy will be the monthly date
on or next following the day IDS Life accepts your application for
reinstatement. The suicide period (see "Proceeds payable upon
death") will apply from the effective date of reinstatement (except
in Georgia, Oklahoma, Tennessee, Utah and Virginia). Surrender
charges will also be reinstated.

IDS Life will have two years from the effective date of
reinstatement (except in Virginia) to contest the truth of
statements or representations in the reinstatement application.

Loads, fees and charges

Policy charges compensate IDS Life for:

o providing the insurance benefits of the policy;
o administering the policy;
o assuming certain risks in connection with the policy; and
o distributing the policy.

Some of these charges are deducted from your premium payments.
Others are deducted periodically from your policy value in the
fixed account and/or subaccounts. You may also be assessed a
charge if you surrender your policy or the policy lapses.

Premium expense charge

We deduct this charge from each premium payment. The amount
remaining after the deduction, called the net premium, is credited
to the account(s) you have selected. The premium expense charge
has three parts:

Sales charge: 7.25% of all premiums paid. Partially compensates
IDS Life for expenses in distributing the policy, including
agents' commissions, advertising and printing of prospectuses and
sales literature.

Premium tax charge: 2.5% of each premium payment. Compensates
IDS Life for paying taxes imposed by certain states and
governmental subdivisions on premiums received by insurance
companies. All policies in all states are charged the average rate
of 2.5% even though state premium taxes vary from 2.0% to 3.5%.
This 2.5% rate may be different than the actual premium tax IDS
Life expects to pay in your state.

Federal tax charge: 1.25% of each premium payment. Compensates IDS
Life for paying Federal taxes resulting from the sale of the policy
and is a reasonable charge in relation to IDS Life's federal tax
burden. IDS Life reserves the right to change the amount of this
charge (except in Oregon) if applicable federal law changes IDS
Life's federal tax burden.

<PAGE>
PAGE 25
Monthly deduction

On each monthly date we deduct from the value of your policy in the
fixed account and/or subaccounts an amount equal to the sum of:

1. the cost of insurance for the policy month;
2. the policy fee shown in your policy; and
3. charges for any optional insurance benefits provided by
rider for the policy month.

Each of the three components is explained below.

You specify, in your policy application, what percentage of the
monthly deduction from 0% to 100% will be taken from the fixed
account and from each of the subaccounts. You may change these
percentages for future monthly deductions by written request.

Monthly deductions will be taken from the fixed account and the
subaccounts on a pro rata basis if:

o you do not specify the accounts from which the monthly
deduction is to be taken;
o the value in the fixed account or any subaccount is
insufficient to pay the portion of the monthly deduction you
have specified; or
o you purchased the policy in Texas.

If the cash surrender value of your policy is not enough to pay the
monthly deduction on a monthly anniversary, the policy may lapse.
However, the policy will not lapse if the DBG-85, DBG-100 or the
minimum initial premium period is in effect. (See "Death benefit
guarantee to age 85, Death benefit guarantee to age 100, Minimum
initial premium period"; also "Grace period" and "Reinstatement").

Components of the monthly deduction:

1. Cost of insurance: the cost providing the death benefit under
your policy.

The cost of insurance for a policy month is calculated as:

[a x (b - c)] + d

where:

(a) is the monthly cost of insurance rate based on each insureds
insurance age, duration of coverage, sex (unless unisex rates are
required by law) and risk classification. Generally the cost of
insurance rate will increase as the attained insurance age of each
insured increases.

Rates are set by IDS Life, based on its expectations as to future
mortality experience. We may change the rates from time to time;
any change will apply to all individuals of the same risk
classification. However, rates will not exceed the Guaranteed<PAGE>
PAGE 26
Maximum Cost of Insurance Rates shown in your policy, which are
based on the 1980 Commissioners Standard Ordinary Smoker or
Nonsmoker Mortality Tables, Age Last Birthday.

(b) is the death benefit on the monthly date divided by 1.0032737
(which reduces IDS Life's net amount at risk, solely for computing
the cost of insurance, by taking into account assumed monthly
earnings at an annual rate of 4%);

(c) is the policy value on the monthly date. At this point, the
policy value has been reduced by the policy fee and any charges for
optional riders;

(d) is any flat extra insurance charges assessed as a result of
special underwriting considerations.

2. Policy fee: $30 per month for the first 15 policy years. This
charge reimburses IDS Life for expenses of administering the
policy, such as processing claims, maintaining records, making
policy changes and communicating with owners. IDS Life does not
expect to make any profit on this charge. We reserve the right to
change the charge in the future, but guarantee that it will never
exceed $30 per month.

3. Optional insurance benefit charges: charges for any optional
benefits added to the policy by rider. See "Optional insurance
benefits."

Surrender charge

If you surrender your policy or the policy lapses during the first
15 policy years a surrender charge will be assessed. The surrender
charge is a contingent deferred issue and administration expense
charge. It reimburses IDS Life for costs of issuing the policy,
such as processing the application (primarily underwriting) and
setting up computer records. IDS Life does not expect to make a
profit on this charge. This charge is $4 per thousand dollars of
initial specified amount. It remains level during the first five
policy years and then decreases monthly until it is zero at the end
of 15 policy years.

Partial surrender fee

If you surrender part of the value of your policy, you will be
charged $25 (or 2% of the amount surrendered, if less). This fee
is guaranteed not to increase for the duration of your policy. IDS
Life does not expect to make a profit on this fee.

Mortality and expense risk charge

This charge applies only to the subaccounts and not to the fixed
account. It is equal, on an annual basis, to 0.9% of the daily net
asset value of the subaccounts -- a level guaranteed for the life
of the policy. Computed daily, the charge compensates IDS Life
for:

<PAGE>
PAGE 27
o Mortality risk -- the risk that the cost of insurance
charge will be insufficient to meet actual claims.

o Expense risk -- the risk that the policy fee and the
contingent deferred issue and administration expense
charge (described above) may be insufficient to cover the
cost of administering the policy.

IDS Life may profit from the mortality and expense risk charge.
Any such profit would be available to IDS Life for any proper
corporate purpose including, among others, payment of sales and
distribution expenses, which we do not expect to be covered by the
sales charge discussed earlier. Any further deficit will have to
be made up from IDS Life's general assets.

Fund investment management fee

IDS Life receives a fee for its services as investment manager of
the fund. The fund also reimburses IDS Life for certain
nonadvisory expenses, such as custodian and trustee fees,
registration fees for shares, postage, fidelity and security bond
costs, legal fees and other miscellaneous fees and charges.

This fee is deducted from the fund portfolios daily and paid to IDS
Life monthly.

The investment management fee equals, on an annual basis:

o Money Market Portfolio -- 0.5% of aggregate average daily
net assets
o Equity, Income, Managed and Government Securities Portfolios
-- 0.7% of aggregate average daily net assets
o International Equity Portfolio -- 0.95% of aggregate average
daily net assets

Other information on charges

IDS Life may reduce or eliminate various fees and charges when we
incur lower sales costs and/or perform fewer administrative
services than usual.

Policy value

The value of your policy is the sum of values in the fixed account
and each subaccount of the variable account.

Fixed account value

The value in the fixed account on the policy date (when the policy
is issued) equals the portion of your initial net premium that you
have allocated to the fixed account, plus interest accrued before
the policy date, minus the portion of the monthly deduction for the
first policy month that you have allocated to the fixed account.

On any later date, the value in the fixed account equals:

<PAGE>
PAGE 28
o the value on the previous monthly date; plus
o net premiums allocated to the fixed account since the last
monthly date; plus
o any transfers to the fixed account from the subaccounts,
including loan transfers, since the last monthly date; plus
o accrued interest on all of the above; minus
o any transfers from the fixed account to the subaccounts,
including loan repayment transfers, since the last monthly
date; minus
o any partial surrenders or partial surrender fees allocated
to the fixed account since the last monthly date; minus
o interest on any transfers or partial surrenders, from the
date of the transfer or surrender to the date of
calculation; minus
o any portion of the monthly deduction for the coming month
that is allocated to the fixed account if the date of
calculation is a monthly date.

Subaccount values

The value in each subaccount changes daily, depending on the
investment performance of the fund portfolio in which that
subaccount invests and on other factors detailed below. There is
no guaranteed minimum subaccount value. You, as owner, bear the
entire investment risk.

Calculation of subaccount value: The value in each subaccount on
the policy date equals the portion of your initial net premium
allocated to that subaccount plus interest accrued before the
policy date, minus the portion of the monthly deduction for the
first policy month that you have allocated to that subaccount. The
value of each subaccount on each subsequent valuation date equals:

o the value of the subaccount on the preceding valuation date,
multiplied by the net investment factor for the current valuation
period (explained below); plus
o net premiums received and allocated to the subaccount during the
current valuation period; plus
o any transfers to the subaccount (from the fixed account or
other subaccounts, including loan repayment transfers) during the
period; minus
o any transfers from the subaccount including loan transfers
during the current valuation period; minus
o any partial surrenders and partial surrender fees allocated to
the subaccount during the period; minus
o any portion of the monthly deduction allocated to the subaccount
during the period.

The net investment factor measures the investment performance of a
subaccount from one valuation period to the next. Because
performance may fluctuate, the value of a subaccount may increase
or decrease from day to day.

Accumulation units: The policy value allocated to each subaccount
is converted into accumulation units. Each time you direct a
premium payment or transfer policy value into one of the<PAGE>
PAGE 29
subaccounts, a certain number of accumulation units are credited to
your policy for that subaccount. Conversely, each time you take a
partial surrender or transfer value out of a subaccount, a certain
number of accumulation units are subtracted.

Accumulation units are the true measure of investment value in each
subaccount. For subaccounts investing in the fund portfolios,
they're related to, but not the same as, the net asset value of the
corresponding fund portfolio. The dollar value of each
accumulation unit can rise or fall daily, depending on the
investment performance of the underlying fund portfolio and on
certain charges. Here's how unit values are calculated:

Number of units: To calculate the number of units for a particular
subaccount, we divide your investment (net premium or transfer
amount) by the current accumulation unit value.

Accumulation unit value: The current value for each subaccount
equals the last value times the current net investment factor.

Net investment factor: Determined at the end of each valuation
period, this factor equals (a divided by b) - c, where:

(a) equals:

o net asset value per share of the portfolio; plus

o per-share amount of any dividend or capital gain distribution
made by the relevant fund portfolio to the subaccount; plus

o any credit or minus any charge for reserves to cover any tax
liability resulting from the investment operations of the
subaccount.

(b) equals:

o net asset value per share of the portfolio at the end of the
preceding valuation period; plus

o any credit or minus any charge for reserves to cover any tax
liability in the preceding valuation period.

(c) is a percentage factor representing the mortality and expense
risk charge, as described in "Loads, fees and charges," above.

Factors that affect subaccount accumulation units:

Accumulation units may change in two ways; in number and in value.
Here are the factors that influence those changes:

The number of accumulation units you own may fluctuate due to:

o additional purchase payments allocated to the subaccounts;
o transfers into or out of the subaccount(s);
o partial surrenders and partial surrender fees;
o surrender charges; and/or
o monthly deductions<PAGE>
PAGE 30
Accumulation unit values may fluctuate due to:

o changes in underlying fund portfolio(s) net asset value;
o dividends distributed to the subaccount(s);
o capital gains or losses of underlying fund portfolios;
o fund portfolio operating expenses; and/or
o mortality and expense risk fees.

Proceeds payable upon death

We will pay a benefit to the beneficiary of the policy when the
last surviving insured dies. If that death is prior to the
youngest insured's attained insurance age 100, the amount payable
is based on the specified amount and death benefit option you have
selected, as described below, less any indebtedness.

If the last surviving insured's death is on or after the youngest
insured's attained insurance age 100, the amount payable is the
cash surrender value.

Option 1 (level amount): Under this option, the policy's value is
part of the specified amount. The Option 1 death benefit is the
greater of:

o the specified amount on the date of the last surviving
insured's death; or

o the applicable percentage of the policy value on the date of
the last surviving insured's death, if that death occurs
on a valuation date, or on the next valuation date following
the date of death. (See table below.)

Youngest insured's attained insurance age in the table below refers
to the youngest life insured or the age such person would have
reached.

Applicable percentage table

Youngest Applicable Youngest Applicable
Insured's percentage of Insured's percentage of
attained policy attained policy
insurance value insurance value
age age

40 or younger 250% 61 128%
41 243 62 126
42 236 63 124
43 229 64 122
44 222 65 120
45 215 66 119
46 209 67 118
47 203 68 117
48 197 69 116
49 191 70 115
50 185 71 113
51 178 72 111<PAGE>
PAGE 31
52 171 73 109
53 164 74 107
54 157 75-95 105
55 150 96 104
56 146 97 103
57 142 98 102
58 138 99 101
59 134 100 100
60 130

The percentage is designed to ensure that the policy meets the
provisions of Federal tax law, which require a minimum death
benefit in relation to policy value for your policy to qualify as
life insurance.

Option 2 (variable amount): Under this option, the policy value is
added to the specified amount. The Option 2 death benefit is the
greater of:

o the policy value plus the specified amount; or
o the applicable percentage of policy value on the date of the
last surviving insured's death, if that death occurs on a
valuation date, or on the next valuation date following the
date of death. (See table above.)

Examples: Option 1 Option 2

specified amount $1,000,000 $1,000,000
policy value $50,000 $50,000
death benefit $1,000,000 $1,050,000
policy value increases to $80,000 $80,000
death benefit $1,000,000 $1,080,000
policy value decreases to $30,000 $30,000
death benefit $1,000,000 $1,030,000

If you want to have premium payments and favorable investment
performance reflected partly in the form of an increasing death
benefit, you should consider Option 2. If you are satisfied with
the specified amount of insurance protection and prefer to have
premium payments and favorable investment performance reflected to
the maximum extent in the policy value, you should consider Option
1. Under Option 1, the cost of insurance is lower because IDS
Life's net amount at risk is generally lower; for this reason the
monthly deduction is less, and a larger portion of your premiums
and investment returns is retained in the policy value.

Change in death benefit option

You may make a written request to change the death benefit option
once per policy year. A change in the death benefit option also
will change the specified amount. You do not need to provide
additional evidence of insurability.

If you change from Option 1 to Option 2: The specified amount will
decrease by an amount equal to the policy value on the effective
date of the change. You cannot change from Option 1 to Option 2 if<PAGE>
PAGE 32
the resulting specified amount would fall below the minimum
specified amount shown in policy.

If you change from Option 2 to Option 1: The specified amount will
increase by an amount equal to the policy value on the effective
date of the change.

An increase or decrease in specified amount resulting from a change
in the death benefit option will affect the monthly deduction
because the cost of insurance charge depends on the specified
amount. The charge for certain optional insurance benefits may
also change. The surrender charge, however, will not be affected.

Changes in specified amount

Subject to certain limitations, you may make a written request to
decrease the specified amount once each policy year after the
first. Decreases in specified amount may have tax implications,
discussed in the section "Modified endowment contracts" under
"Federal taxes."

Decreases: Any decrease in specified amount will take effect on the
monthly anniversary on or next following our receipt of your
written request. The specified amount remaining after the decrease
may not be less than the minimum specified amount shown in the
policy. If, following a decrease in specified amount, the policy
would no longer qualify as life insurance under federal tax law,
the decrease may be limited to the extent necessary to meet these
requirements.

A decrease in specified amount will affect your costs as follows:

o Your monthly deduction will decrease because the cost of
insurance charge depends on the specified amount.
o Charges for certain optional insurance benefits may
decrease.
o The surrender charge will not change.

Increases: Increases in specified amount are not permitted. If
you wish to purchase additional insurance, you should purchase an
additional policy. Currently, we do not charge the policy fee for
the additional policy.

No surrender charge is imposed when you request a decrease in the
specified amount.

Misstatement of age or sex

If an insured's age or sex has been misstated, the proceeds payable
upon the last surviving insured's death will be:

o the policy value on the date of death; plus
o the amount of insurance that would have been purchased by
the cost of insurance deducted for the policy month
during which death occurred, if that cost had been
calculated using rates for the correct age and sex; minus<PAGE>
PAGE 33
o the amount of any outstanding indebtedness on the date of
death.

Suicide

If either of the insureds dies by suicide while sane or insane
within two years from the policy date, the only amount payable will
be the premiums paid, minus the amount of any outstanding
indebtedness. The policy will terminate as of the date of the
first death by suicide.

In Colorado and North Dakota, the suicide period is shortened to
one year. In Missouri, IDS Life must prove that the insured
intended to commit suicide at the time he or she applied for
coverage.

Beneficiary

Initially the beneficiary will be the person you designate in your
application for the policy. You may change the beneficiary by
giving written notice to IDS Life, subject to requirements and
restrictions stated in the policy. If you do not designate a
beneficiary, or if the designated beneficiary dies before the last
surviving insured, the beneficiary will be you or your estate.

Transfers between the fixed account and subaccounts

You may transfer policy values from one subaccount to another or
between subaccounts and the fixed account. For most transfers, if
we receive your request before the close of business, we will
process it that day. Requests received after the close of business
will be processed the next business day. There is no charge for
transfers. Before transferring policy value, you should consider
the risks involved in switching investments.

We may suspend or modify the transfer privilege at any time.
Transfers involving the fixed account are subject to the
restrictions below.

Fixed account transfer policies

o Transfers from the fixed account must be made during a 30-day
period starting on a policy anniversary, except for automated
transfers, which can be set up for monthly, quarterly or semiannual
transfer periods.

o If we receive your request to transfer funds from the fixed
account within 30 days before the policy anniversary, the transfer
will become effective on the anniversary.

o If we receive your request on or within 30 days after the policy
anniversary, the transfer will be effective on the day we receive
it.

o We will not accept requests for transfers from the fixed account
at any other time.

<PAGE>
PAGE 34
o If you have made a transfer from the fixed account to one or more
subaccounts, you may not make a transfer from any subaccount back
to the fixed account until the next policy anniversary. We will
waive this limitation once during the first two policy years if you
exercise the policy's right to exchange provision. See "Exchange
right."

Minimum transfer amounts

From a subaccount to another subaccount or the fixed account: For
mail and phone transfers, $250 or the entire subaccount balance,
whichever is less. For automated transfers, $50.

From the fixed account to a subaccount: $250 or the entire fixed
account balance minus any outstanding indebtedness, whichever is
less. For automated transfers, $50.

Maximum transfer amounts

From a subaccount to another subaccount or the fixed account: None.

From the fixed account to a subaccount: Entire fixed account
balance minus any outstanding indebtedness.

Maximum number of transfers per year

We reserve the right to limit mail and telephone transfers to five
per policy year. Twelve automated transfers per policy year are
allowed.

Two ways to request a transfer, loan or surrender

Provide your name, policy number, Social Security Number or
Taxpayer Identification Number when you request a transfer, loan or
partial surrender.

1 By letter

Regular mail:

IDS Life Insurance Company
P.O. Box 499
Minneapolis MN 55440-0499

Express mail:

IDS Life Insurance Company
733 Marquette Ave.
Minneapolis MN 55402

2 By phone

Call between 7 a.m. and 6 p.m. Central Time:
1-800-437-0602 (toll free) or
(612) 671-4738 (Minneapolis/St. Paul area)

<PAGE>
PAGE 35
TTY service for the hearing impaired:
1-800-285-8846 (toll free)

o We answer phone requests promptly, but you may experience
delays when call volume is unusually high. If you are unable
to get through, use mail procedure as an alternative.

o We will honor any telephone transfer, loan or partial
surrender requests believed to be authentic and will use
reasonable procedures to confirm that they are. These include
asking identifying questions and tape recording calls. As
long as the procedures are followed, neither IDS Life nor its
affiliates will be liable for any loss resulting from
fraudulent requests.

o Telephone transfers, loans and partial surrenders are
automatically available. You may request that telephone
transfers, loans and partial surrenders not be authorized from
your account by writing IDS Life.

Automated transfers

In addition to written and phone requests, you can arrange to have
policy value transferred from one account to another automatically.
Your financial advisor can help you set up an automated transfer.

Automated transfer policies:

o Minimum automated transfer: $50

o Frequency: monthly, quarterly, semiannually or annually

o Only one automated transfer arrangement can be in effect at any
time. Policy values may be transferred to one or more subaccounts
and the fixed account but can be transferred from only one account.

o You can start or stop this service by written request. You must
allow seven days for us to change any instructions that are
currently in place.

o Automated transfers from the fixed account may not exceed an
amount that, if continued, would deplete the fixed account within
12 months.

o If you have made a transfer from the fixed account to one or more
subaccounts, you may not make a transfer from any subaccount back
to the fixed account until the next policy anniversary.

o If your request is submitted with an application for a policy, it
will not take effect until the policy is issued.

o If the value of the account from which policy value is being
transferred is less than the $50 minimum, the transfer arrangement
will automatically be stopped.

o Automated transfers are subject to all other policy provisions
and terms including provisions relating to the transfer of money
between the fixed account and the subaccounts.<PAGE>
PAGE 36
Automated dollar-cost averaging

You can use automated transfers to take advantage of dollar-cost
averaging -- investing a fixed amount at regular intervals. For
example, you might have a set amount transferred monthly from a
relatively conservative subaccount to a more aggressive one, or to
several others.

This systematic approach can help you benefit from fluctuations in
accumulation unit value, caused by fluctuations in the market
value(s) of the underlying fund portfolio. Since you invest the
same amount each period, you automatically acquire more units when
the market value falls, fewer units when it rises. The potential
effect is to lower your average cost per unit.

How dollar-cost averaging works

Amount Accumulation Number of units
Month invested unit value purchased

Jan $100 $20 5.00
Feb 100 16 6.25
Mar 100 9 11.25
Apr 100 5 20.00
May 100 7 14.29
June 100 10 10.00
July 100 15 6.67
Aug 100 20 5.00
Sept 100 17 5.88
Oct 100 12 8.33

(footnotes to table) By investing an equal number of dollars each
month...

(arrow in table pointing to April) you automatically buy more units
when the per unit market price is low.

(arrow in table pointing to August) and fewer units when the per
unit market price is high.

You have paid an average price of only $10.81 per unit over the 10
months, while the average market price actually was $13.10.

Dollar-cost averaging does not guarantee that any subaccount will
gain in value, nor will it protect against a decline in value if
market prices fall. However, if you can continue to invest
regularly throughout changing market conditions, it can be an
effective strategy to help meet your long-term goals.

Policy loans

You may borrow against your policy by written or telephone request.
(See chart under "Transfers between the fixed account and
subaccounts" for address and phone numbers for your requests.) A
loan request received before close of business will be processed
the same day. A request received after close of business will be<PAGE>
PAGE 37
processed the following business day. (Loans by telephone are
limited to $50,000.)

Interest rate: The interest rate for policy loans is 6% per year.
After the policy's 10th anniversary we expect to reduce the loan
interest rate to 4% per year. Interest is charged daily and due at
the end of the policy year.

Minimum loan: $500 ($200 for Connecticut residents) or the
remaining loan value, whichever is less.

Maximum loan:

o In Texas, 100% of the policy value in the fixed account,
minus a pro rata portion of surrender charges.
o In Virginia, 90% of the policy value minus surrender
charges.
o In Alabama, 100% of the policy value minus surrender
charges.
o In all other states, 85% of the policy value minus surrender
charges.

We will compute the maximum loan value as of the end of the
valuation period during which we receive your loan request. The
amount available at any time for a new loan is the maximum loan
value less any existing indebtedness. In doing so, we reserve the
right to deduct from the loan value interest for the period until
the next policy anniversary and monthly deductions that will be
taken until the next policy anniversary.

Payment of loaned funds: Generally, we will pay loans within seven
days after we receive your request (with certain exceptions -- see
"Deferral of payments," under "Payment of policy proceeds").

Allocation of loans to accounts: If you do not specify whether the
loan is to come from the fixed account or the subaccounts, it will
be made from the subaccounts and the fixed account in proportion to
their values, minus indebtedness. When a loan is made from a
subaccount, accumulation units are redeemed and the proceeds
transferred into the fixed account. We will credit the policy
value loaned with 4% annual interest.

Repayments: Loan repayments will be allocated to subaccounts and/or
the fixed account using the premium allocation percentages in
effect unless you tell us otherwise. Repayments must be in amounts
of at least $50.

Overdue interest: If accrued interest is not paid when due, we will
increase the amount of indebtedness in the fixed account to cover
the amount due. Interest added to a policy loan will be charged
the same interest rate as the loan itself. We will take such
interest from the fixed account and/or subaccounts, using the
monthly deduction allocation percentages. If the value in the
fixed account or any subaccount is not enough to pay the interest
so allocated, all of the interest will be taken from all of the
accounts in proportion to their value, minus indebtedness.<PAGE>
PAGE 38
Effects of policy loans: If you do not repay your loan, it will
reduce the death benefit and policy value. Even if you do repay
it, your loan can have a permanent effect on death benefits and
policy values, because money borrowed against the subaccounts will
not share in the investment results of the relevant portfolio(s).
A loan may terminate the DBG-85, the DBG-100 or the minimum initial
premium period. The loan amount is deducted from total premiums
paid, which may reduce the total below the level required to keep
the DBG-85, the DBG-100 or the minimum initial premium period in
effect.

Taxes: If your policy lapses or you surrender it with an
outstanding indebtedness, and the amount of outstanding
indebtedness plus the cash surrender value is more than the sum of
premiums you paid, you will generally be liable for taxes on the
excess. (See "Federal taxes.")

Policy surrenders

You may surrender your policy in full or in part by written or
telephone request. (See chart under "Transfers between the fixed
account and subaccounts.") A surrender request received before
close of business will be processed the same day. A request
received after close of business will be processed the following
business day. We may require that you return your policy.

We will normally process your payment within seven days; however,
we reserve the right to defer payment (see "Deferral of payments,"
under "Payment of policy proceeds").

Total surrenders: If you surrender your policy totally, you receive
its cash surrender value -- the policy value minus outstanding
indebtedness and applicable surrender charges (see "Loads, fees and
charges). We will compute the value of each subaccount as of the
end of the valuation period during which your request is received.

Partial surrenders: After the first policy year, you may surrender
any amount from $500 up to 85% of the policy's cash surrender
value. (Partial surrenders by telephone are limited to $50,000.)
You will be charged a partial surrender fee, described under
"Loads, fees and charges."

Allocation of partial surrenders: Unless you specify otherwise, IDS
Life will make partial surrenders from the fixed account and
subaccounts in proportion to their values at the end of the
valuation period during which your request is received. In
determining these proportions, we first subtract the amount of any
outstanding indebtedness from the fixed account value.

Effects of partial surrenders:

o The policy value will be reduced by the amount of the partial
surrender and fee.

<PAGE>
PAGE 39
o The death benefit will be reduced by the amount of the partial
surrender and fee, or, if the death benefit is based on the
applicable percentage of policy value, by an amount equal to
the applicable percentage times the amount of the partial
surrender.

o A partial surrender may terminate the DBG-85, the DBG-100 or
the minimum initial premium period. The surrender amount is
deducted from total premiums paid, which may reduce the total
below the level required to keep the DBG-85, the DBG-100 or
the minimum initial premium period in effect.

o If Option 1 is in effect, the specified amount will be reduced
by the amount of the partial surrender and fee.

Because they reduce the specified amount, partial surrenders may
affect the cost of insurance. IDS Life will not allow a partial
surrender if it would reduce the specified amount below the
required minimum. (See "Decreases" under "Proceeds payable upon
death.")

o If Option 2 is in effect, a partial surrender does not affect the
specified amount.

Taxes: Upon surrender, you will generally be liable for taxes on
any excess of the cash surrender value plus outstanding
indebtedness over the premium paid. (See "Federal taxes.")

Exchange right

For two years after the policy is issued, you can exchange it for
one that provides benefits that do not vary with the investment
return of the subaccounts. Because the policy itself offers a
fixed return option, all you need to do is transfer all of the
policy value in the subaccounts to the fixed account. We will
automatically credit all future premium payments to the fixed
account unless you request a different allocation.

Such transfer will not count against the five-transfers-per-year
limit. Also, any restrictions on transfers into the fixed account
will be waived.

There will be no effect on the policy's death benefit, specified
amount, net amount at risk, risk classification(s) or issue age.
Only the method of funding the policy value will be affected.

Optional insurance benefits

You may choose to add the following benefits to your policy at an
additional cost, in the form of riders (if certain requirements are
met). More detailed information on these benefits are in your
policy.

Four-Year Term Insurance Rider (FYT): FYT provides four-year term
insurance. An additional death benefit is paid if both insureds
die during the first 4 years of the policy.<PAGE>
PAGE 40

Policy Split Option Rider (PSO): PSO permits a policy to be split
into two individual permanent plans of life insurance then offered
by IDS Life for exchange, one on the life of each insured, upon the
occurrence of a divorce of the insureds or certain changes in
federal estate tax law. (See "Federal taxes".)

Payment of policy proceeds

Proceeds will be paid when:

o you surrender the policy; or
o the last surviving insured dies.

All proceeds will be paid by check. We will compute the amount of
the death benefit and pay it in a single sum unless you select one
of the payment options below. We will pay interest at a rate not
less than 4% per year (8% in Arkansas, 11% in Florida) on single
sum death proceeds, from the date of the last surviving insured's
death to the settlement date (the date on which proceeds are paid
in a lump sum or first placed under a payment option).

Payment options:

During an insured's lifetime, you may request in writing that we
pay policy proceeds under one or more of the three payment options
below. (The beneficiary may also select a payment option, unless
you say that he or she can't.) You decide how much of the proceeds
will be placed under each option (minimum: $5,000). Any such
amount will be transferred to IDS Life's general account. Unless
we agree otherwise, payments under all options must be made to a
natural person.

You may also, by written request, change a prior choice of payment
option or elect a payment option other than the three below, if we
agree.

If you elect a payment option for pre-death proceeds, payments
under this option may be subject to federal income tax as ordinary
income. If you elect Option A, the full pre-death proceeds will be
taxed as a full surrender as described in "Taxation of policy
proceeds" and may also be subject to an additional 10% penalty tax
if the policy is a modified endowment. The interest paid under
Option A will be ordinary income subject to income tax in the year
earned. The interest payments will not be subject to the 10%
penalty tax.

If you elect Option B or Option C for payment of pre-death
proceeds, any indebtedness at the time of election will be taxed as
a partial surrender as described in "Taxation of policy proceeds"
and may also be subject to an additional 10% penalty tax if the
policy is a modified endowment. The remainder of the proceeds will
be used to make payments under the option elected. A portion of
each payment will be taxed as ordinary income and a portion of each
payment will be considered a return of the investment in the policy
and will not be taxed. An owner's investment in the policy is
described in "Taxation of policy proceeds." All payments made<PAGE>
PAGE 41
after the investment in the policy is fully recovered will be
subject to tax. Amounts paid under Option B or Option C that are
subject to tax may also be subject to an additional 10% penalty tax
(See "Penalty tax.")

Death benefit proceeds applied to any payment option are not
considered part of the beneficiary's income and thus are not
subject to federal income tax. Payments of interest under Option A
will be ordinary income subject to tax. Under Option B or Option
C, a portion of each payment will be ordinary income, subject to
tax and a portion of each payment will be considered a return of
the beneficiary's investment in the policy. The beneficiary's
investment in the policy is the death benefit proceeds applied to
the payment option. All payments made after the investment in the
policy is fully recovered will be subject to tax.

Option A -- Interest payments: We will pay interest on any proceeds
placed under this option at a rate of 4% per year compounded
annually, at regular intervals and for a period that is agreeable
to both you and us. At the end of any payment interval, you may
withdraw proceeds in amounts of at least $100. At any time, you
may withdraw all of the proceeds that remain, or you may place them
under a different payment option approved by us.

Option B -- Payments for a specified period: We will make fixed
monthly payments for any number of years you specify. Here are
examples of monthly payments for each $1,000 placed under this
option:

Payment period Monthly payment per $1,000
(years) placed under Option B

10 $9.61
15 6.87
20 5.51
25 4.71
30 4.18

Monthly amounts for other payment periods will be furnished at your
request, free of charge.

Option C -- Lifetime income: We will make monthly payments for the
life of the person (payee) who is to receive the income. Payment
will be guaranteed for 10, 15 or 20 years. The amount of each
monthly payment per $1,000 placed under this option will be based
on the table of settlement rates in effect at the time of the first
payment. The amount depends on the sex and adjusted age of the
payee on that date. Adjusted age means the age of the payee (on
the payee's last birthday) minus an adjustment as follows:

<PAGE>
PAGE 42
Calendar year of Adjustment Calendar year of Adjustment
payee's birth payee's birth

Before 1920 0 1945-1949 6
1920-1924 1 1950-1959 7
1925-1929 2 1960-1969 8
1930-1934 3 1970-1979 9
1935-1939 4 1980-1989 10
1940-1944 5 After 1989 11

The amount of each monthly payment per $1,000 placed under this
option will not be less than amounts shown in the next table.

Monthly amounts for any adjusted age not shown will be furnished at
your request, without charge.

Adjusted
age Life income per $1,000 with
payee payments guaranteed for
10 years 15 years 20 years
Male Female Male Female Male Female
50 $4.22 $3.89 $4.17 $3.86 $4.08 $3.82
55 4.62 4.22 4.53 4.18 4.39 4.11
60 5.14 4.66 4.96 4.57 4.71 4.44
65 5.81 5.22 5.46 5.05 5.02 4.79
70 6.61 5.96 5.96 5.60 5.27 5.12
75 7.49 6.89 6.38 6.14 5.42 5.35

Deferral of payments:

We reserve the right to defer payments of cash surrender value,
policy loans or variable death benefits in excess of the specified
amount if:

o the payments derive from a premium payment made by a check that
has not cleared the banking system (good payment has not been
collected);
o the NYSE is closed (other than customary weekend and holiday
closings);
o in accordance with SEC rules, trading on the NYSE is restricted
or, because of an emergency, it is not practical to dispose of
securities held in the subaccount or determine the value of the
subaccount's net assets.

Any loans or surrenders from the fixed account may be delayed up to
six months from the date we receive the request. If we postpone
the payment of surrender proceeds more than 30 days, we will pay
you interest on the amount surrendered at an annual rate of 3% for
the period of postponement.

Federal taxes

The following is a general discussion of the policy's federal
income tax implications. It is not intended as tax advice.
Because the effect of taxes on the value and benefits of your
policy depends on your individual situation as well as IDS Life's
tax status, YOU SHOULD CONSULT A TAX ADVISOR TO FIND OUT HOW THESE<PAGE>
PAGE 43
GENERAL CONSIDERATIONS APPLY TO YOU. The discussion is based on
our understanding of federal income tax laws as currently
interpreted by the Internal Revenue Service (IRS); both the laws
and their interpretation may change.

The policy is intended to qualify as a life insurance policy for
federal income tax purposes. To that end, the provisions of the
policy are to be interpreted to ensure or maintain this tax
qualification. IDS Life reserves the right to change the policy in
order to ensure that it will continue to qualify as life insurance
for tax purposes. We will send you a copy of any changes.

IDS Life's tax status

IDS Life is taxed as a life insurance company under the Code. For
federal income tax purposes, the subaccounts are considered a part
of IDS Life, although their operations are treated separately in
accounting and financial statements. Investment income from the
subaccounts is reinvested and becomes part of the subaccounts'
value. This investment income, including realized capital gains,
is not taxed to IDS Life, and therefore no charge is made against
the subaccounts for our federal income taxes. IDS Life reserves
the right to make such a charge in the future if there is a change
in the tax treatment of variable life insurance contracts or in IDS
Life's tax status as we currently understand it.

Taxation of policy proceeds

The death benefit is not considered part of the beneficiary's
income and thus is not subject to federal income taxes. When the
proceeds are paid after the youngest insured's attained insurance
age 100, if the amount received plus any indebtedness exceeds your
investment in the policy, the excess may be taxable as ordinary
income. Part or all of any pre-death proceeds received through
full surrender, lapse, partial surrender, policy loan or assignment
of policy value, or payment options may be subject to federal
income tax as ordinary income. (See the following table.) In some
cases the tax liability depends on whether the policy is a modified
endowment (explained following the table). The taxable amount may
also be subject to an additional 10 % penalty tax if the policy is
a modified endowment.
<TABLE><CAPTION>
Source of proceeds Taxable portion of pre-death proceeds
<S> <C>
Full surrender: Amount received plus any
indebtedness, minus your
investment in the policy.*

Lapse: Any outstanding indebtedness minus
your investment in the policy.*

Partial surrenders Lesser of:
(modified endowments): the amount received or policy
value minus your investment in the
policy.*

<PAGE>
PAGE 44
Policy loans and Lesser of:
assignments the amount of the loan/assignment
(modified endowments): or policy value minus your
investment in the policy.*

Partial surrenders Generally, if the amount received
(other policies): is greater than your investment in
the policy,* the amount in excess
of your investment is taxable.
However, during the first 15
policy years, a different amount
may be taxable if the partial
surrender results in or is
necessitated by a reduction in
benefits.

Policy loans and None
assignments
(other policies):

Payment options: If proceeds of the policy will be
paid under one of the payment
options, see the "Payment option"
section for tax information.

* The owner's investment is equal to premiums paid, minus the
nontaxable portion of any previous partial surrenders, plus the
taxable portion of any previous policy loans.

Modified endowment contracts

In 1988 Congress created a new class of life insurance policies
called "Modified Endowment Contracts," which are taxed differently
from conventional life insurance contracts. Policies applied for,
or materially changed, on or after June 21, 1988, are considered to
be modified endowments if premiums paid in the first seven years of
the policy, or the first seven years following a material change,
exceed certain limits. (Also, any life insurance policy received in
exchange for a modified endowment is itself a modified endowment.)

We have established procedures for monitoring whether a contract
may become a modified endowment contract.

Modified endowment limits are calculated when the policy is issued,
and are based on the benefits provided and on the risk
classification of the insureds. They are later recalculated if
certain reductions in benefits occur.

Reductions in benefits: When benefits are reduced, the limits are
recalculated as if the reduced level of benefits had always been in
effect. In most cases, this recalculation will further restrict
the amount of premium that can be paid without exceeding modified
endowment limits. If premiums already paid exceed the recalculated
limits, the policy becomes a modified endowment even if no further
premiums are paid.

<PAGE>
PAGE 45
Distributions affected: Modified endowment rules apply to
distributions in the year the policy becomes a modified endowment
and in all subsequent years. In addition, the rules apply to
distributions taken two years before the policy becomes a modified
endowment, which are presumed to be taken in anticipation of that
event.

Serial purchase of modified endowments: All modified endowments
issued by the same insurer (or affiliated companies of the insurer)
to the same owner during any calendar year are treated as one
policy in determining the amount of any loan or distribution that
is taxable.

Penalty tax: If a policy is a modified endowment, the taxable
portion of pre-death proceeds from a full surrender, lapse, partial
surrender, policy loan or assignment of policy value, or certain
payment options may be subject to a 10% penalty tax unless:

o the distribution occurs after the owner attains age
59-1/2;
o the distribution is attributable to the owner becoming
disabled (within the meaning of Code Section 72(m)(7);
or
o the distribution is part of a series of substantially
equal periodic payments made at least once a year over
the life (or life expectancy) of the owner or over the
joint lives (or life expectancies) of the owner and the
owner's beneficiary.

Other tax considerations

Policy Split Option Rider: The Policy Split Option Rider permits a
policy to be split into two individual permanent plans of insurance
then offered by IDS Life for exchange, one on the life of each
insured, upon the occurrence of a divorce of the insureds or
certain changes in federal estate tax law. A policy split could
have adverse tax consequences; for example, it is not clear whether
a policy split will be treated as a nontaxable exchange under
Sections 1031 through 1043 of the Code. If a policy split is not
treated as a nontaxable exchange, a split could result in the
recognition of taxable income in an amount up to any gain in the
policy at the time of the split. In addition, it is not clear
whether, in all circumstances, the individual contracts that result
from a policy split would be treated as life insurance contracts
for federal income tax purposes and, if so treated, whether the
individual contracts would be classified as modified endowment
contracts. Before you exercise rights provided by the policy split
option, it is important that you consult with a competent tax
advisor regarding the possible consequences of a policy split.

Interest paid on policy loans: If the loan is used for personal
purposes, such interest is not tax-deductible. Other rules apply
if the loan is used for trade or business or investment purposes,
or if the policy is owned by a business or a corporation.

<PAGE>
PAGE 46
Policy changes: Changing ownership, exchanging or assigning the
policy may have tax consequences, depending on the circumstances.

Other taxes: Federal estate tax, state and local estate tax,
inheritance tax, gift tax and other tax consequences of ownership
or receipt of policy proceeds will also depend on the
circumstances.

Qualified retirement plans: The policy may be used in conjunction
with certain qualified plans. Since the rules governing such use
are complex, a purchaser should consult a competent pension
consultant.

On July 6, 1983, the Supreme Court held in Arizona Governing
Committee v. Norris that optional annuity benefits provided under
an employee's deferred compensation plan could not, under Title VII
of the Civil Rights Act of 1964, vary between men and women on the
basis of sex. Since the policy's cost of insurance rates and
purchase rates for certain settlement options distinguish between
men and women, employers and employee organizations should consult
with legal counsel before purchasing the policy for any
employment-related insurance or benefit program.

IDS Life

IDS Life is a stock life insurance company organized under the laws
of the State of Minnesota in 1957. Our address is IDS Tower 10,
Minneapolis, MN 55440.

IDS Life conducts a conventional life insurance business in the
District of Columbia and all states except New York. A wholly
owned subsidiary of IDS Life, IDS Life Insurance Company of New
York, conducts a substantially identical business in New York.
IDS Life has been in the variable annuity business since 1968 and
has sold a number of different variable annuity contracts and
variable life insurance policies, utilizing other separate
accounts, unit investment trusts and mutual funds.

Ownership

IDS Life is a wholly owned subsidiary of American Express Financial
Corporation; American Express Financial Corporation, a Delaware
corporation, is a wholly owned subsidiary of American Express
Company.

State regulation

IDS Life is subject to the laws of Minnesota governing insurance
companies and to regulation by the Minnesota Department of
Commerce. In addition, IDS Life is subject to regulation under the
insurance laws of other jurisdictions in which it may operate. An
annual statement in a prescribed form is filed with Minnesota's
Department of Commerce and in each state in which IDS Life does
business. IDS Life's books and accounts are subject to review by
the Minnesota Department of Commerce at all times, and a full
examination of its operations is conducted periodically. Such<PAGE>
PAGE 47
regulation does not, however, involve any supervision of management
or investment practices or policies.

Distribution of the policy

IDS Life is the sole distributor of the policy. IDS Life is
registered as a broker-dealer under the Securities Exchange Act of
1934 and is a member of the National Association of Securities
Dealers, Inc. (NASD). Representatives of IDS Life are licensed
insurance and annuity agents, and are registered with the NASD as
representatives of IDS Life.

IDS Life pays its representatives a commission of up to 50% of the
initial target premium (annualized) when the policy is
sold, plus 2% of all premiums in excess of the target premium.
Each calendar year the policy is in force, IDS Life pays a service
fee not greater than 0.3125% of the policy value, net of
indebtedness. IDS Life also pays approximately 17% of the total
representative's commission to the division and district sales
managers of the selling representative.

Legal proceedings

As an insurance company, IDS Life is involved in a number of items
of litigation. We believe that these items are not material and we
do not expect to incur significant losses resulting from the
litigation.

Experts

The consolidated financial statements of IDS Life Insurance Company
and the financial statements of the segregated asset subaccounts
(U, V, W, X, Y, and IL) of the IDS Life Variable Life Separate
Account appearing in this prospectus have been audited by Ernst &
Young LLP, independent auditors, as set forth in their reports
thereon appearing elsewhere herein, and are included in reliance
upon such reports given upon the authority of such firm as experts
in accounting and auditing.

Actuarial matters included in the prospectus have been examined by
James M. Jensen, F.S.A., M.A.A.A., Director, Insurance Product
Development, as stated in his opinion filed as an exhibit to the
Registration Statement.

Management of IDS Life

Directors

David R. Hubers, 52
Director since September 1989; president and chief executive
officer, American Express Financial Corporation (AEFC), since
August 1993, and director, AEFC, since January 1984. Senior vice
president, finance and chief financial officer, AEFC, from January
1984 to August 1993.

Richard W. Kling, 54
Director since February 1984; president since March 1994.
Executive vice president, Marketing and Products, from January 1988<PAGE>
PAGE 48
to March 1994. Vice President, AEFC, since January 1988. Director
of IDS Life Series Fund, Inc. and manager of IDS Life Variable
Annuity Funds A & B.

Paul F. Kolkman, 48
Director since May 1984; executive vice president since March 1994;
vice president, Finance, from May 1984 to March 1994; vice
president, AEFC, since January 1987.

Peter A. Lefferts, 53
Director and executive vice president, Marketing, since March 1994;
senior vice president and director, AEFC, since February 1986.

Janis E. Miller, 43
Director and executive vice president, Variable Assets, since March
1994; vice president, AEFC, since June 1990. Director, Mutual
Funds Product Development and Marketing, AEFC, from May 1987 to May
1990. Director of IDS Life Series Fund, Inc. and manager of IDS
Life Variable Annuity Funds A & B.

James A. Mitchell, 53
Chairman of the board since March 1994; director since July 1984;
chief executive officer since November 1986; president from July
1984 to March 1994; executive vice president, AEFC, since March
1994; director, AEFC, since July 1984; senior vice president, AEFC,
from July 1984 to March 1994.

Barry J. Murphy, 44
Director and executive vice president, Client Service since March
1994; senior vice president, Operations, Travel Related Services
(TRS), a subsidiary of American Express Company, since July 1992;
vice president, TRS, from November 1989 to July 1992; chief
operating officer, TRS, from March 1988 to November 1989.

Stuart A. Sedlacek, 37
Director and executive vice president, Assured Assets, since March
1994; vice president, AEFC, since September 1988.

Melinda S. Urion, 41
Director and controller since September 1991; executive vice
president since March 1994; vice president and treasurer from
September 1991 to March 1994; vice president, AEFC, since September
1991; chief accounting officer, AEFC, from July 1988 to September
1991.

Officers Other Than Directors

Morris Goodwin Jr., 43
Vice president and treasurer since March 1994; vice president and
corporate treasurer, AEFC, since July 1989; chief financial officer
and treasurer, IDS Bank & Trust, from January 1988 to July 1989.

William A. Stoltzmann, 46
Vice president, general counsel and secretary since 1985.

The address for all of the directors and principal officers is:
IDS Tower 10, Minneapolis, MN 55440. <PAGE>
PAGE 49

The officers, employees and sales force of IDS Life are bonded, in
the amount of $100 million, by virtue of a blanket fidelity bond
issued by Saint Paul Fire and Marine, as the lead underwriter to
IDS Life's parent, AEFC.

Other information

A registration statement has been filed with the Securities and
Exchange Commission (SEC) under the Securities Act of 1933, as
amended. For further information concerning the policy, its
separate account (the variable account) and IDS Life, please refer
to the registration statement, as amended, with exhibits.

Substitution of investments

If shares of any fund portfolio are unavailable for purchase by the
appropriate subaccount or if, in the judgment of IDS Life's
management, further investment in such shares is no longer
appropriate, shares of another registered, open-end
management investment company may be substituted.

If deemed by IDS Life to be in the best interest of persons having
voting rights under the policy, the variable account may be
operated as a management company under the Investment Company Act
of 1940, or it may be deregistered under the Act if such
registration is no longer required.

In the event of any such substitution or change, IDS Life may,
without the consent or approval of owners, amend the policy and
take whatever action is necessary and appropriate. However, no
such substitution or change will be made without any necessary
approval of the SEC or state insurance departments. IDS Life will
notify owners within five days of any substitution or change.

Voting rights

All shares issued by the fund are the same class (kind) -- capital
stock. They are fully paid and nonassessable and can be redeemed
or transferred. They can be issued as full shares or fractions.
All shares have equal voting rights; a fraction of a share has the
same kind of rights and privileges as a full share.

Each of the fund's six portfolios issues its own series of common
stock. The shares of each portfolio represent an interest only in
that portfolio's assets (and profits or losses) and in the event of
liquidation, each share of a portfolio would have the same rights
to dividends and assets as every other share of that portfolio.

Each share of a portfolio has one vote. On some issues, such as
election of directors, all shares of the fund vote together as one
series. When electing directors, all shares have cumulative voting
rights. Cumulative voting means that shareholders are entitled to
a number of votes equal to the number of shares they hold
multiplied by the number of directors to be elected, and they have
the right to divide votes among candidates.

<PAGE>
PAGE 50
On an issue affecting only one portfolio -- for example, a
fundamental investment restriction pertaining only to that
portfolio -- its shares vote as a separate series. If shareholders
of a particular portfolio vote approval of the Investment
Management and Services Agreement, the agreement becomes effective
with respect to that portfolio, whether or not it is approved by
shareholders of the other portfolios.

IDS Life is the owner of all fund shares and as such holds all
voting rights. However, IDS Life will vote the shares of each
portfolio in accordance with instructions received from owners. If
we do not receive timely instructions from you, we will vote your
shares in the same proportion as the shares for which instructions
are received. Fund shares that are not otherwise attributable to
owners will also be voted by IDS Life in the same proportion as
those shares in that subaccount for which instructions are
received.

We determine the number of fund shares in each subaccount for which
you may give instructions by applying your percentage interest in
the subaccount to the total number of votes attributable to the
subaccount. The number will be determined as of a date chosen by
IDS Life, but not more than 60 days before the meeting of the fund.

Fractional votes are counted. You will receive notice of each
shareholder meeting, together with any proxy solicitation materials
and a statement of the number of votes for which you are entitled
to give instructions.

If required by state insurance officials, IDS Life may disregard
voting instructions that would change the goals of one or more of
the fund's portfolios, or would result in approval or disapproval
of an investment advisory contract. In addition, IDS Life itself
may disregard voting instructions that would require changes in the
investment policy or investment advisor of one or more of the
fund's portfolios, if IDS Life reasonably disapproves such changes
in accordance with applicable federal regulations. If IDS Life
does disregard voting instructions, it will, in its next report to
owners, advise them of that action and the reasons for it.

Reports

At least once a year IDS Life will mail to you, at your last known
address of record, a report containing all information required by
law or regulation, including a statement showing the current policy
value.

Policy illustrations

The following tables illustrate how policy values, cash surrender
values and death benefits may change with the investment experience
of the subaccount. The tables show how these amounts might vary,
for a male insurance age 55 and a female insurance age 55, both
nonsmokers, if:

o the annual rate of return of the fund is 0%, 6% or 12%.
<PAGE>
PAGE 51
o the cost of insurance rates are current rates or guaranteed
rates.

Any such illustration involves a number of detailed assumptions
(see chart, "Understanding the illustrations"). To the extent that
your own circumstances differ from those assumed in the
illustrations, your expected results would also differ.

Upon request, you will be furnished with comparable tables
illustrating death benefits, policy values, and cash surrender
values based on the actual ages of the persons you propose to
insure and on an initial specified amount and premium payment
schedule. In addition, after you have purchased a policy, you may
request illustrations based on policy values at the time of
request.

Understanding the illustrations:

Rates of return: assumed to be uniform, gross, after-tax, annual
rates of 0%, 6%, or 12% for the fund. Results would differ
depending on allocations among the subaccounts, if returns averaged
0%, 6% and 12% for the fund as a whole but differed across
portfolios.

Insureds: assumed to be a male insurance age 55 and a female
insurance age 55, in a standard risk classification, qualifying for
the nonsmoker rate. Results would be lower if one or both of the
insureds were in a substandard risk classification or did not
qualify for the non-smoker rate.

Premiums: A $15,000 premium is assumed to be paid in full at the
beginning of each policy year. Results would differ if premiums
were paid on a different schedule.

Policy loans and partial withdrawals: It is assumed that none have
been made. (Since indebtedness is assumed to be zero, the cash
surrender value in all cases equals the policy value minus the
surrender charge.)

Effect of expenses and charges: The net investment return of the
subaccounts, shown in the tables, is lower than the gross,
after-tax return of the fund because expenses paid by the fund and
charges made against the subaccounts have been deducted. These
include:

o the daily investment management fee paid by the fund, assumed to
be equivalent to an annual rate of 0.7% of the fund's aggregate
average daily net assets;
o the daily mortality and expense risk charge, equivalent to 0.9%
of the daily net asset value of the subaccounts annually; and
o an annual charge of 0.1% of the fund's aggregate average daily
net assets for direct expenses incurred by the fund.

The latter charge is capped by IDS Life at 0.1%, even though actual
expenses have been higher, ranging from 0.6% to 0.8% of the average
daily net assets of the different portfolios in the year ended<PAGE>
PAGE 52
April 30, 1994. Although IDS Life reserves the right to
discontinue capping these expenses, our present intent is to
continue the cap indefinitely until actual expenses are less than
the cap. Should IDS Life discontinue the cap prior to that time,
the policy values and death benefits in the tables generally would
be less.

(After deduction of the above expenses and charges, the illustrated
gross annual investment rates of return of 0%, 6%, and 12%
correspond to approximate net annual rates of -1.69%, 4.21%, and
10.11%, respectively.)

Taxes: Results shown in the tables reflect the fact that IDS Life
does not currently charge the subaccounts for federal income tax.
If such a charge is taken in the future, the portfolios will have
to earn more than they do now in order to produce the death
benefits and policy values illustrated.
<PAGE>
PAGE 53

</TABLE>
<TABLE><CAPTION>
Illustration

Initial specified amount $1,000,000 Male - Insurance age 55 - Nonsmoker Current costs assumed
Death benefit Option 1 Female - Insurance age 55 - Nonsmoker annual premium $15,000
Premium Death benefit (1)(2) Policy value (1)(2) Cash surrender value (1)(2)
accumulated assuming hypothetical gross assuming hypothetical gross assuming hypothetical gross
End of with annual annual investment return of annual investment return of annual investment return Of
policy interest
year at 5% 0% 6% 12% 0% 6% 12% 0% 6% 12%
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 15750 1000000 1000000 1000000 12651 13424 14196 8651 9424 10196
2 32288 1000000 1000000 1000000 25091 27415 29830 21091 23415 25830
3 49652 1000000 1000000 1000000 37208 41880 46926 33208 37880 42926
4 67884 1000000 1000000 1000000 48899 56727 65520 44899 52727 61520
5 87029 1000000 1000000 1000000 60287 72093 85888 56287 68093 81888

6 107130 1000000 1000000 1000000 71159 87781 107990 67559 84181 104390
7 128237 1000000 1000000 1000000 81642 103927 132130 78442 100727 128930
8 150398 1000000 1000000 1000000 91530 120341 158315 88730 117541 155515
9 173668 1000000 1000000 1000000 100843 137053 186782 98443 134653 184382
10 198102 1000000 1000000 1000000 109597 154091 217796 107597 152091 215796

11 223757 1000000 1000000 1000000 117705 171386 251558 116105 169786 249958
12 250695 1000000 1000000 1000000 125288 189070 288490 124088 187870 287290
13 278979 1000000 1000000 1000000 132259 207081 328874 131459 206281 328074
14 308678 1000000 1000000 1000000 138531 225360 373048 138131 224960 372648
15 339862 1000000 1000000 1000000 144222 244042 421558 144222 224042 421558

20 520789 1000000 1000000 1000000 164007 345156 751285 164007 345156 751285
25 751702 1000000 1000000 1362530 151963 449820 1297647 151963 449820 1297647
30 1046412 1000000 1000000 2280735 46519 529397 2172129 46519 529397 2172129
35 1422545 0 1000000 3716419 0 526059 3539447 0 526059 3539447
40 1902596 0 1000000 5931790 0 341804 5649324 0 341804 5649324
45 2515277 0 0 9069560 0 0 8979762 0 0 8979762

(1) Assumes no policy loans or partial withdrawals have been made.

(2) Assumes a $15,000 premium is paid at the beginning of each policy year. Values will be different if premiums are paid in
different amounts or with a different frequency.

<PAGE>
PAGE 54
Illustration
_____________________________________________________________________________________________________________________________
Initial specified amount $1,000,000 Male - Insurance age 55 - Nonsmoker Guaranteed costs assumed
Death benefit Option 1 Female - Insurance age 55 - Nonsmoker annual premium $15,000
_____________________________________________________________________________________________________________________________
Premium Death benefit (1)(2) Policy value (1)(2) Cash surrender value (1)(2)
accumulated assuming hypothetical gross assuming hypothetical gross assuming hypothetical gross
End of with annual annual investment return of annual investment return of annual investment return Of
policy interest
year at 5% 0% 6% 12% 0% 6% 12% 0% 6% 12%
_____________________________________________________________________________________________________________________________
1 15750 1000000 1000000 1000000 12651 13424 14196 8651 9424 10196
2 32288 1000000 1000000 1000000 25091 27415 29830 21091 23415 25830
3 49652 1000000 1000000 1000000 37208 41880 46926 33208 37880 42926
4 67884 1000000 1000000 1000000 48899 56727 65520 44899 52727 61520
5 87029 1000000 1000000 1000000 60287 72093 85888 56287 68093 81888

11 223757 1000000 1000000 1000000 117288 170973 251160 115688 169373 249560
12 250695 1000000 1000000 1000000 124256 188039 287501 123056 186839 286301
13 278979 1000000 1000000 1000000 130212 205026 326914 129412 204226 326114
14 308678 1000000 1000000 1000000 135078 221870 369736 134678 221470 369336
15 339862 1000000 1000000 1000000 138775 238514 416371 138775 238514 416371

20 520789 1000000 1000000 1000000 129561 310821 724728 129561 310821 724728
25 751702 1000000 1000000 1302265 23194 325124 1240252 23194 325124 1240252
30 1046412 0 1000000 2163670 0 167003 2060638 0 167003 2060638
35 1422545 0 0 3476898 0 0 3311332 0 0 3311332
40 1902596 0 0 5409153 0 0 5151574 0 0 5151574
45 2515277 0 0 7983928 0 0 7904879 0 0 7904879

(1) Assumes no policy loans or partial withdrawals have been made.

(2) Assumes a $15,000 premium is paid at the beginning of each policy year. Values will be different if premiums are paid in
different amounts or with a different frequency.

The above hypothetical investment results are illustrative only and should not be deemed a representation of past or future
investment results. Actual investment results may be more or less than those shown. The death benefit, policy value and cash
surrender value would be different from those shown if returns averaged 0%, 6%, and 12% over a period of years, but fluctuated
above and below those averages for individual policy years. No representation can be made that these hypothetical rates of return
can be achieved for any one year or sustained over any period of time.
<PAGE>
PAGE 55
Illustration
_____________________________________________________________________________________________________________________________
Initial specified amount $1,000,000 Male - Insurance age 55 - Nonsmoker Current costs assumed
Death benefit Option 2 Female - Insurance age 55 - Nonsmoker annual premium $15,000
_____________________________________________________________________________________________________________________________
Premium Death benefit (1)(2) Policy value (1)(2) Cash surrender value (1)(2)
accumulated assuming hypothetical gross assuming hypothetical gross assuming hypothetical gross
End of with annual annual investment return of annual investment return of annual investment return Of
policy interest
year at 5% 0% 6% 12% 0% 6% 12% 0% 6% 12%
_____________________________________________________________________________________________________________________________
1 15750 1012650 1013422 1014195 12650 13422 14195 8650 9422 10195
2 32288 1025086 1027410 1029825 25086 27410 29825 21086 23410 25825
3 49652 1037195 1041864 1046909 37195 41864 46909 33195 37864 42909
4 67884 1048862 1056683 1065469 48862 56683 65469 44862 52683 61469
5 87029 1060214 1072004 1085780 60214 72004 85780 56214 68004 81780

6 107130 1071019 1087604 1107768 71019 87604 107768 67419 84004 104168
7 128237 1081406 1103617 1131726 81406 103617 131726 78206 100417 128526
8 150398 1091143 1119816 1157604 91143 119816 157604 88343 117016 154804
9 173668 1100242 1136207 1185594 100242 136207 185594 97842 133807 183194
10 198102 1108715 1152801 1215912 108715 152801 215912 106715 150801 213912

11 223757 1116452 1169483 1248666 116452 169483 248666 114852 167883 247066
12 250695 1123585 1186379 1284229 123585 186379 284229 122385 185179 283029
13 278979 1130005 1203375 1322758 130005 203375 322758 129205 202575 321958
14 308678 1135607 1220355 1364430 135607 220355 364430 135207 219955 364030
15 339862 1140521 1237439 1409686 140521 237439 409686 140521 237439 409686

20 520789 1154361 1323780 1703041 154361 323780 703041 154361 323780 703041
25 751702 1130471 1388619 2131448 130471 388619 1131448 130471 388619 1131448
30 1046412 1007126 1352982 2694292 7126 352982 1694292 7126 352982 1694292
35 1422545 0 1067303 3330814 0 67303 2330814 0 67303 2330814
40 1902596 0 0 4052478 0 0 3052478 0 0 3052478
45 2515277 0 0 4424523 0 0 3424523 0 0 3424523

(1) Assumes no policy loans or partial withdrawals have been made.

(2) Assumes a $15,000 premium is paid at the beginning of each policy year. Values will be different if premiums are paid in
different amounts or with a different frequency.

The above hypothetical investment results are illustrative only and should not be deemed a representation of past or future
investment results. Actual investment results may be more or less than those shown. The death benefit, policy value and cash
surrender value would be different from those shown if returns averaged 0%, 6%, and 12% over a period of years, but fluctuated
above and below those averages for individual policy years. No representation can be made that these hypothetical rates of return
can be achieved for any one year or sustained over any period of time.
<PAGE>
PAGE 56
Illustration
_____________________________________________________________________________________________________________________________
Initial specified amount $1,000,000 Male - Insurance age 55 - Nonsmoker Guaranteed costs assumed
Death benefit Option 2 Female - Insurance age 55 - Nonsmoker annual premium $15,000
_____________________________________________________________________________________________________________________________
Premium Death benefit (1)(2) Policy value (1)(2) Cash surrender value (1)(2)
accumulated assuming hypothetical gross assuming hypothetical gross assuming hypothetical gross
End of with annual annual investment return of annual investment return of annual investment return Of
policy interest
year at 5% 0% 6% 12% 0% 6% 12% 0% 6% 12%
_____________________________________________________________________________________________________________________________
1 15750 1012650 1013422 1014195 12650 13422 14195 8650 9422 10195
2 32288 1025086 1027410 1029825 25086 27410 29825 21086 23410 25825
3 49652 1037195 1041864 1046909 37195 41864 46909 33195 37864 42909
4 67884 1048862 1056683 1065469 48862 56683 65469 44862 52683 61469
5 87029 1060214 1072004 1085780 60214 72004 85780 56214 68004 81780

6 107130 1071019 1087604 1107768 71019 87604 107768 67419 84004 104168
7 128237 1081406 1103617 1131726 81406 103617 131726 78206 100417 128526
8 150398 1091143 1119816 1157604 91143 119816 157604 88343 117016 154804
9 173668 1100242 1136207 1185594 100242 136207 185594 97842 133807 183194
10 198102 1108596 1152679 1215786 108596 152679 215786 106596 150679 213786

11 223757 1115980 1168989 1248149 115980 168989 248149 114380 167389 246549
12 250695 1122410 1185130 1282904 122410 185130 282904 121210 183930 281704
13 278979 1127665 1200852 1320041 127665 200852 320041 126865 200052 319241
14 308678 1131648 1216014 1359674 131648 216014 359674 131248 215614 359274
15 339862 1134260 1230470 1401932 134260 230470 401932 134260 230470 401932

20 520789 1114956 1277423 1648090 114956 277423 648090 114956 277423 648090
25 751702 0 1217641 1912766 0 217641 912766 0 217641 912766
30 1046412 0 0 2085053 0 0 1085053 0 0 1085053
35 1422545 0 0 1925001 0 0 925001 0 0 925001
40 1902596 0 0 1056450 0 0 56450 0 0 56450
45 2515277 0 0 0 0 0 0 0 0 0

(1) Assumes no policy loans or partial withdrawals have been made.

(2) Assumes a $15,000 premium is paid at the beginning of each policy year. Values will be different if premiums are paid in
different amounts or with a different frequency.

Report of Independent Auditors

The Board of Directors
IDS Life Insurance Company

We have audited the accompanying individual and combined statements
of net assets of the segregated asset subaccounts of IDS Life
Variable Life Separate Account for Flexible Premium Survivorship
Variable Life Insurance (comprising, respectively, the U, V, W, X,
Y and IL subaccounts) as of December 31, 1994, and the related
statements of operations and changes in net assets for each of the
three years in the period then ended, except for the IL subaccount
which is for the period October 28, 1994 (commencement of
operations) to December 31, 1994. These financial statements are
the responsibility of the management of IDS Life Insurance Company.
Our responsibility is to express an opinion on these financial
statements based on our audits.

We conducted our audits in accordance with generally accepted
auditing standards. Those standards require we plan and perform the
audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. Our procedures included
confirmation by the underlying mutual fund and unit investment
trusts of securities owned at December 31, 1994. An audit also
includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present
fairly, in all material respects, the individual and combined
financial position of IDS Life Variable Life Separate Account for
Flexible Premium Survivorship Variable Life Insurance at December
31, 1994 and the individual and combined results of their
operations and the changes in their net assets for each of the
three years in the period then ended, in conformity with generally
accepted accounting principles.

ERNST & YOUNG LLP
Minneapolis, Minnesota
March 17, 1995
<PAGE>
PAGE 58

</TABLE>
<TABLE>
<CAPTION>

IDS Life Variable Life Separate Account -- Flexible Premium Survivorship Variable Life Subaccounts

Statements of Net Assets (Unaudited) June 30, 1995

Segregated Asset Subaccounts
Assets U V W X Y _
<S> <C> <C> <C> <C> <C>
Investments in shares of mutual fund portfolios,
at market value:
IDS Life Series
Fund Equity Portfolio --
10,864,471 shares at
net asset value of
$21.64 per share
(cost $192,338,026).... $235,616,131 $ -- $ -- $ -- $ --
IDS Life Series Fund
Income Portfolio --
3,271,138 shares at net
asset value of $10.06
per share (cost
$32,059,174)........... -- 33,012,045 -- -- --IDS Life Series Fund
Money Market Portfolio
-- 6,410,192 shares at
net asset value of
$1.00 per share
(cost $6,425,914)...... -- -- 6,425,825 -- --IDS Life Series Fund
Managed Portfolio --
12,997,879 shares at net
asset value of $14.82
per share
(cost $183,650,447).... -- -- -- 192,233,493 --IDS Life Series Fund
Government Securities
Portfolio -- 675,981
shares at net asset
value of $10.23 per
share (cost $6,835,811). -- -- -- -- 6,950,860
IDS Life Series Fund
International Equity
Portfolio -- 986,201 shares
at net asset value of $11.12
per share
(cost $9,817,843)....... -- -- -- -- --
235,616,131 33,012,045 6,425,825 192,233,493 6,950,860 _
Dividends receivable.... -- 184,537 28,195 -- 34,959
Accounts receivable from
IDS Life for contract
purchase payments....... 465,925 38,678 -- 307,736 3,312
Receivable from mutual
fund portfolios
for redemptions.. -- -- 7,187 -- -- _
Total assets............ 236,082,056 33,235,260 6,461,207 192,541,229 6,989,131 _
</TABLE>
<PAGE>
PAGE 59
<TABLE>
<CAPTION>

Statements of Net Assets (Unaudited) June 30, 1995
Combined
Segregated Asset Subaccounts Variable
Assets IL Account _
<S> <C> <C>
Investments in shares of mutual fund portfolios,
at market value:
IDS Life Series
Fund Equity Portfolio --
10,864,471 shares at
net asset value of
$21.64 per share
(cost $192,338,026).... $ -- $235,616,131
IDS Life Series Fund
Income Portfolio --
3,271,138 shares at net
asset value of $10.06
per share (cost
$32,059,174)........... -- 33,012,045
IDS Life Series Fund
Money Market Portfolio
-- 6,410,192 shares at
net asset value of
$1.00 per share
(cost $6,425,914)...... -- 6,425,825
IDS Life Series Fund
Managed Portfolio --
12,997,879 shares at net
asset value of $14.82
per share
(cost $183,650,447).... -- 192,233,493
IDS Life Series Fund
Government Securities
Portfolio -- 675,981
shares at net asset
value of $10.23 per
share (cost $6,835,811). -- 6,950,860
IDS Life Series Fund
International Equity
Portfolio -- 986,201 shares
at net asset value of $11.12
per share
(cost $9,817,843)....... 11,070,644 11,070,644
11,070,644 485,308,998
Dividends receivable.... -- 247,691
Accounts receivable from
IDS Life for contract
purchase payments....... 101,794 917,445
Receivable from mutual
fund portfolios
for redemptions.. -- 7,187
Total assets............ 11,172,438 486,481,321
</TABLE>
<PAGE>
PAGE 60
<TABLE>
<CAPTION>

Statements of Net Assets (Unaudited)(continued) June 30, 1995

Segregated Asset Subaccounts
Liabilities U V W X Y _
<S> <C> <C> <C> <C> <C>
Payable to IDS Life for:
Mortality and expense
risk fee................ 357,953 24,155 4,708 293,331 5,153
Contract terminations... -- -- 7,187 --- ---
Payable to mutual fund
portfolios for investments
purchased............... 465,925 199,060 23,487 307,736 33,118 _
Total liabilities....... 823,878 223,215 35,382 601,067 38,271 _
Net assets applicable
to Variable Life contracts
in accumulation period..$235,258,178 $33,012,045 $6,425,825 $191,940,162 $6,950,860 _
Accumulation units
outstanding............. 99,333,870 17,884,106 4,489,833 80,257,643 3,893,684 _
Net asset value per
accumulation unit.......$ 2.37 $ 1.84 $ 1.43 $ 2.39 $ 1.78 _
See accompanying notes to financial statements.

June 30, 1995
Combined
Segregated Asset Subaccounts Variable
Liabilities IL Account

Payable to IDS Life for:
Mortality and expense
risk fee................ 15,401 700,701
Contract terminations... --- 7,187
Payable to mutual fund
portfolios for investments
purchased............... 101,794 1,131,120
Total liabilities....... 117,195 1,839,008
Net assets applicable
to Variable Life contracts
in accumulation period. $11,055,243 $484,642,313
Accumulation units
outstanding............. 9,852,561 _
Net asset value per
accumulation unit....... $ 1.12 _
See accompanying notes to financial statements.
</TABLE>
<PAGE>
PAGE 61
<TABLE>
<CAPTION>

IDS Life Variable Life Separate Account -- Flexible Premium Survivorship Variable Life Subaccounts

Statements of Net Assets Dec. 31, 1994

Segregated Asset Subaccounts
Assets U V W X Y _
<S> <C> <C> <C> <C> <C>
Investments in shares of mutual fund portfolios
at market value:
IDS Life Series
Fund Equity Portfolio --
9,308,463 shares at
net asset value of
$19.06 per share
(cost $160,668,219).... $177,445,330 $ -- $ -- $ -- $ --
IDS Life Series Fund
Income Portfolio --
2,890,937 shares at net
asset value of $9.28
per share (cost
$28,271,747)........... -- 26,832,971 -- -- --IDS Life Series Fund
Money Market Portfolio
-- 5,807,973 shares at
net asset value of
$1.00 per share
(cost $5,807,686)...... -- -- 5,807,497 -- --IDS Life Series Fund
Managed Portfolio --
11,316,426 shares at net
asset value of $14.21
per share
(cost $159,634,835).... -- -- -- 160,802,963 --IDS Life Series Fund
Government Securities
Portfolio -- 670,024
shares at net asset
value of $9.53 per
share (cost $6,754,349). -- -- -- -- 6,382,980
IDS Life Series Fund
International Equity
Portfolio -- 258,697 shares
at net asset value of $9.85
per share
(cost $2,571,873)....... -- -- -- -- --
177,445,330 26,832,971 5,807,497 160,802,963 6,382,980 _
Dividends receivable.... -- 175,230 23,490 23,773 34,272
Accounts receivable from
IDS Life for contract
purchase payments....... 272,556 32,119 45,719 250,978 --
Receivable from mutual
fund portfolios
for redemptions.. -- -- -- -- 198 _
Total assets............ 177,717,886 27,040,320 5,876,706 161,077,714 6,417,450 _
</TABLE>
<PAGE>
PAGE 62
<TABLE>
<CAPTION>

Statements of Net Assets Dec. 31, 1994
Combined
Segregated Asset Subaccounts Variable
Assets IL Account _
<S> <C> <C>
Investments in shares of mutual fund portfolios
at market value:
IDS Life Series
Fund Equity Portfolio --
9,308,463 shares at
net asset value of
$19.06 per share
(cost $160,668,219).... $ -- $177,445,330
IDS Life Series Fund
Income Portfolio --
2,890,937 shares at net
asset value of $9.28
per share (cost
$28,271,747)........... -- 26,832,971
IDS Life Series Fund
Money Market Portfolio
-- 5,807,973 shares at
net asset value of
$1.00 per share
(cost $5,807,686)...... -- 5,807,497
IDS Life Series Fund
Managed Portfolio --
11,316,426 shares at net
asset value of $14.21
per share
(cost $159,634,835).... -- 160,802,963
IDS Life Series Fund
Government Securities
Portfolio -- 670,024
shares at net asset
value of $9.53 per
share (cost $6,754,349). -- 6,382,980
IDS Life Series Fund
International Equity
Portfolio -- 258,697 shares
at net asset value of $9.85
per share
(cost $2,571,873)....... 2,547,272 2,547,272
2,547,272 379,819,013
Dividends receivable.... -- 256,765
Accounts receivable from
IDS Life for contract
purchase payments....... 67,249 668,621
Receivable from mutual
fund portfolios
redemptions.. -- 198
Total assets............ 2,614,521 380,744,597
</TABLE>
<PAGE>
PAGE 63
<TABLE>
<CAPTION>

Statements of Net Assets (continued) Dec. 31, 1994

Segregated Asset Subaccounts
Liabilities U V W X Y _
<S> <C> <C> <C> <C> <C>
Payable to IDS Life for:
Mortality and expense
risk fee................ 255,050 19,749 4,181 231,624 4,734
Contract terminations... -- -- -- -- 198
Payable to mutual fund
portfolios for investments
purchased............... 272,556 187,600 65,027 250,978 29,538 _
Total liabilities....... 527,606 207,349 69,208 482,602 34,470 _
Net assets applicable
to Variable Life contracts
in accumulation period..$177,190,280 $26,832,971 $5,807,498 $160,595,112 $6,382,980 _
Accumulation units
outstanding............. 86,671,509 16,248,127 4,147,565 70,902,569 3,949,666 _
Net asset value per
accumulation unit.......$ 2.04 $ 1.65 $ 1.40 $ 2.27 $ 1.62 _
See accompanying notes to financial statements.

Dec. 31, 1994
Combined
Segregated Asset Subaccounts Variable
Liabilities IL Account

Payable to IDS Life for:
Mortality and expense
risk fee................ 2,108 517,446
Contract terminations... -- 198
Payable to mutual fund
portfolios for investments
purchased............... 67,249 872,948
Total liabilities....... 69,357 1,390,592
Net assets applicable
to Variable Life contracts
in accumulation period..$2,545,164 $379,354,005
Accumulation units
outstanding............. 2,581,651 _
Net asset value per
accumulation unit.......$ 0.99 _
See accompanying notes to financial statements.
</TABLE>
<PAGE>
PAGE 64
<TABLE>
<CAPTION>

IDS Life Variable Life Separate Account - Flexible Premium Survivorship Variable Life Subaccounts

Statements of Operations (Unaudited) Six month period ended June 30,1995

Segregated Asset Subaccounts
U V W X Y IL _
<S> <C> <C> <C> <C> <C> <C>
Investment income:
Dividend income from
mutual fund portfolios... $ 5,061,942 $1,031,441 $ 159,252 $ 3,436,982 $ 216,413 $ 111,141_
Expenses:
Mortality and expense
risk fee (Note 3)........ 932,805 132,884 26,899 782,328 30,279 30,994
Total expenses........... 932,805 132,884 26,899 782,328 30,279 30,994
Investment income--net... 4,129,137 898,557 132,353 2,654,654 186,134 80,147

Realized and Unrealized Gain (Loss) on Investments -- net _
Realized gain (loss) on sales of
investments in mutual
fund portfolios:
Proceeds from sales...... 517,264 666,847 2,330,790 538,768 442,892 5,372
Cost of investments sold.. 445,568 682,790 2,330,892 533,486 450,485 5,585_
Net realized gain (loss) on
investments.............. 71,696 (15,943) (102) 5,282 (7,593) (213)
Net change in unrealized
appreciation or depreciation
of investments........... 26,500,994 2,391,647 89 7,414,918 486,418 1,277,402
Net gain (loss) on
investments.............. 26,572,690 2,375,704 (13) 7,420,200 478,825 1,277,189
Net increase in
net assets resulting from
operations............... $30,701,827 $3,274,261 $ 132,340 $10,074,854 $664,959 $1,357,336
See accompanying notes to financial statements.

Statements of Operations (Unaudited)
Six month period ended June 30, 1995
Combined
Segregated Asset Subaccounts Variable
Account_
Investment income:
Dividend income from
mutual fund portfolios... $10,017,171
Expenses:
Mortality and expense
risk fee (Note 3)........ 1,936,189
Total expenses........... 1,936,189
Investment income--net... 8,080,982
Realized and Unrealized Gain (Loss) on Investments -- net _
Realized gain on sales of
investments in mutual
fund portfolios:
Proceeds from sales..... 4,501,933
Cost of investments
sold..................... 4,448,806
Net realized gain (loss) on
investments.............. 53,127
Net change in unrealized
appreciation or
depreciation of
investments.............. 38,071,468
Net gain (loss) on
investments.............. 38,124,595
Net increase in net assets
resulting from operations $46,205,577
See accompanying notes to financial statements.
/TABLE
<PAGE>
PAGE 65
<TABLE>
<CAPTION>

IDS Life Variable Life Separate Account - Flexible Premium Survivorship Variable Life Subaccounts

Statements of Operations Year ended Dec. 31,1994

Segregated Asset Subaccounts
U V W X Y IL* _
<S> <C> <C> <C> <C> <C> <C>
Investment income (loss):
Dividend income from
mutual fund portfolios... $13,315,288 $ 1,852,616 $ 200,930 $14,283,336 $ 431,043 $ --_
Expenses:
Mortality and expense
risk fee (Note 3)........ 1,252,075 232,967 49,351 1,197,216 57,443 2,115
Total expenses........... 1,252,075 232,967 49,351 1,197,216 57,443 2,115
Investment income
(loss) -- net............ 12,063,213 1,619,649 151,579 13,086,120 373,600 (2,115)

Realized and Unrealized Gain (Loss) on Investments -- net _
Realized gain on sales of
investments in mutual
fund portfolios:
Proceeds from sales...... 39,266 2,392,412 4,239,196 601,333 1,065,052 --
Cost of investments sold.. 36,448 2,442,459 4,239,286 578,188 1,090,577 --_
Net realized gain (loss) on
investments.............. 2,818 (50,047) (90) 23,145 (25,525) --
Net change in unrealized
appreciation or depreciation
of investments........... (7,104,030) (2,959,460) (199) (13,046,187) (718,640) (24,601)
Net gain (loss) on
investments.............. (7,101,212) (3,009,507) (289) (13,023,042) (744,165) (24,601)
Net increase (decrease) in
net assets resulting from
operations............... $ 4,962,001 $(1,389,858) $ 151,290 $ 63,078 $ (370,565) $(26,716)
* For the period Oct. 28, 1994 (commencement of operations) to Dec. 31, 1994.
See accompanying notes to financial statements.

Statements of Operations
Year ended Dec. 31,1994
Combined
Variable
Account _
Investment income (loss):
Dividend income from
mutual fund portfolios... $30,083,213
Expenses:
Mortality and expense
risk fee (Note 3)........ 2,791,167
Total expenses........... 2,791,167
Investment income
(loss) -- net............ 27,292,046
Realized and Unrealized Gain (Loss) on Investments -- net _
Realized gain on sales of
investments in mutual
fund portfolios:
Proceeds from sales...... 8,337,259
Cost of investments
sold..................... 8,386,958
Net realized gain (loss) on
investments.............. (49,699)
Net change in unrealized
appreciation or
depreciation of
investments.............. (23,853,117)
Net gain (loss) on
investments.............. (23,902,816)
Net increase (decrease) in net assets
resulting from operations $ 3,389,230 _
* For the period Oct. 28, 1994 (commencement of operations) to Dec. 31, 1994.
See accompanying notes to financial statements.
<PAGE>
PAGE 66
IDS Life Variable Life Separate Account -- Flexible Premium Survivorship Variable Life Subaccounts

Statements of Operations Year ended Dec. 31, 1993

Segregated Asset Subaccounts
U V W X Y _
Investment income:
Dividend income from
mutual fund portfolios... $ 2,317,662 $1,222,509 $ 103,803 $ 7,255,056 $314,966 _
Expenses:
Mortality and expense
risk fee (Note 3)........ 736,850 156,515 35,692 693,795 44,107
Total expenses........... 736,850 156,515 35,692 693,795 44,107 _
Investment income
-- net............ 1,580,812 1,065,994 68,111 6,561,261 270,859 _

Realized and Unrealized Gain (Loss) on Investments -- net _
Realized gain on sales of
investments in mutual
fund portfolios:
Proceeds from sales...... 824,122 851,169 2,093,868 387,697 654,074
Cost of investments sold. 679,089 786,183 2,093,843 354,103 601,305 _
Net realized gain on
investments.............. 145,033 64,986 25 33,594 52,769
Net change in unrealized
appreciation or
depreciation of
investments.............. 9,696,478 904,140 (28) 7,262,233 144,644 _
Net gain (loss) on
investments.............. 9,841,511 969,126 (3) 7,295,827 197,413 _
Net increase in net
assets resulting from
operations............... $11,422,323 $2,035,120 $ 68,108 $13,857,088 $468,272 _

See accompanying notes to financial statements.

Statements of Operations
Year ended Dec. 31, 1993
Combined
Variable
Account _
Investment income:
Dividend income from
mutual fund portfolios... $11,213,996
Expenses:
Mortality and expense
risk fee (Note 3)........ 1,666,959
Total expenses........... 1,666,959
Investment income
-- net...... ...... 9,547,037

Realized and Unrealized Gain (Loss) on Investments -- net _
Realized gain on sales of
investments in mutual fund
portfolios:
Proceeds from sales...... 4,810,930
Cost of investments sold. 4,514,523
Net realized gain on
investments.............. 296,407
Net change in unrealized
appreciation or
depreciation of
investments.............. 18,007,467
Net gain (loss) on
investments.............. 18,303,874
Net increase in net
assets resulting from
operations............... $27,850,911

See accompanying notes to financial statements.
<PAGE>
PAGE 67
IDS Life Variable Life Separate Account - Flexible Premium Survivorship Variable Life Subaccounts

Statements of Operations Year ended Dec. 31, 1992

Segregated Asset Subaccounts
U V W X Y _
Investment income:
Dividend income from
mutual fund portfolios.. $1,892,298 $ 899,958 $ 131,483 $5,926,903 $214,281
Expenses:
Mortality and expense
risk fee (Note 3)....... 401,356 102,770 35,728 422,054 29,155
Total expenses.......... 401,356 102,770 35,728 422,054 29,155
Investment income
-- net........... 1,490,942 797,188 95,755 5,504,849 185,126

Realized and Unrealized Gain (Loss) on Investments -- net _
Realized gain on sales
of investments in mutual
fund portfolios:
Proceeds from sales..... 844,301 1,010,899 1,881,833 742,517 387,012
Cost of investments
sold.................... 710,460 968,156 1,881,853 676,187 367,453
Net realized gain on
investments............. 133,841 42,743 (20) 66,330 19,559
Net change in unrealized
appreciation or
depreciation of
investments............. 3,154,481 139,034 37 (712,491) 19,724
Net gain (loss) on
investments............. 3,288,322 181,777 17 (646,161) 39,283
Net increase in net
assets resulting from
operations.............. $4,779,264 $ 978,965 $ 95,772 $4,858,688 $224,409

See accompanying notes to financial statements.

Statements of Operations
Year ended Dec. 31, 1992
Combined
Variable
Account _
Investment income:
Dividend income from
mutual fund portfolios.. $ 9,064,923
Expenses:
Mortality and expense
risk fee (Note 3)....... 991,063
(Note 6)................ ---
Total expenses.......... 991,063
Investment income
-- net........... 8,073,860

Realized and Unrealized Gain (Loss) on Investments -- net _
Realized gain on sales
of investments in mutual
fund portfolios:
Proceeds from sales..... 4,866,562
Cost of investments
sold.................... 4,604,109
Net realized gain on
investments............. 262,453
Net change in unrealized
appreciation or
depreciation of
investments............. 2,600,785
Net gain (loss) on
investments............. 2,863,238
Net increase in net
assets resulting from
operations.............. $10,937,098
See accompanying notes to financial statements.
/TABLE
<PAGE>
PAGE 68
<TABLE>
<CAPTION>

IDS Life Variable Life Separate Account -- Flexible Premium Survivorship Variable Life Subaccounts

Statements of Changes in Net Assets (Unaudited) Six month period ended June 30, 1995

Segregated Asset Subaccounts
Operations U V W X Y IL _
<S> <C> <C> <C> <C> <C> <C>
Investment income
-- net.... $ 4,129,137 $ 898,557 $ 132,353 $ 2,654,654 $ 186,134 $ 80,147
Net realized gain (loss)
on investments.... 71,696 (15,943) (102) 5,282 (7,593) (213)
Net change in unrealized
appreciation or
depreciation of
investments....... 26,500,994 2,391,647 89 7,414,918 486,418 1,277,402 _
Net increase (decrease)
in net assets resulting
from operations... 30,701,827 3,274,261 132,340 10,074,854 664,959 1,357,336 _

Contract Transactions _
Variable life
contract purchase
payments.......... 30,636,475 4,099,483 1,511,201 25,981,819 888,719 3,286,810
Net transfers**... 10,346,881 928,172 (538,314) 7,442,200 (401,930) 4,341,293
Transfers for
policy loans...... (1,785,408) (195,966) (16,270) (1,368,355) (30,897) (76,203)
Policy charges
(Note 3)......... (8,216,826) (1,369,280) (331,471) (7,507,030) (403,984) (348,790)
Contract terminations:
Surrender benefits
(Note 7).......... (3,519,961) (514,407) (139,322) (3,090,201) (129,978) (47,496)
Death benefits.... (95,090) (43,189) 163 (188,237) (19,009) (2,871) _
Increase from contract
transactions...... 27,366,071 2,904,813 485,987 21,270,196 (97,079) 7,152,743 _
Net assets at
beginning of period.177,190,280 26,832,971 5,807,498 160,595,112 6,382,980 2,545,164 _
Net assets at end
of period........ $235,258,178 $33,012,045 $6,425,825 $191,940,162 $6,950,860 $11,055,243 _

Accumulation Unit Activity _
Units outstanding
at beginning of
period............ 86,671,509 16,248,127 4,147,565 70,902,569 3,949,666 2,581,651
Contract purchase
payments.......... 14,136,620 2,350,734 1,068,908 11,419,057 524,796 3,325,315
Net transfers**... 4,801,205 503,707 (382,282) 3,268,891 (237,103) 4,413,191
Transfers for
policy loans...... (818,027) (112,836) (11,414) (601,362) (18,101) (71,828)
Policy charges.... (3,792,822) (786,301) (234,186) (3,289,898) (238,217) (347,089)
Contract terminations:
Surrender
benefits.......... (1,620,990) (295,347) (98,758) (1,359,427) (75,882) (46,124)
Death benefits.... (43,625) (23,978) --- (82,187) (11,475) (2,555)
Units outstanding
at end of period... 99,333,870 17,884,106 4,489,833 80,257,643 3,893,684 9,852,561 _
** Includes transfer activity from (to) other subaccounts and transfers from (to) IDS Life's Fixed Account.

See accompanying notes to financial statements.
<PAGE>
PAGE 69
Statements of Changes in Net Assets Six months ended June 30, 1995
(Unaudited)

Combined
Variable
Operations Account_

Investment income
-- net..... $ 8,080,982
Net realized gain (loss)
on investments.... 53,127
Net change in unrealized
appreciation or
depreciation of
investments....... 38,071,468
Net increase
in net assets
resulting from
operations........ 46,205,577

Contract Transactions _
Variable life
contract purchase
payments.......... 66,404,507
Net transfers**... 22,118,302
Transfers for
policy loans...... (3,473,099)
Policy charges
(Note 3).......... (18,177,381)
Contract terminations:
Surrender benefits
(Note 7).......... (7,441,365)
Death benefits.... (348,233)
Increase from contract
transactions...... 59,082,731
Net assets at
beginning of period 379,354,005
Net assets at end
of period......... $484,642,313
See accompanying notes to financial statements.
</TABLE>

IDS Life Variable Life Separate Account -- Flexible Premium Survivorship Variable Life Subaccounts

Statements of Changes in Net Assets Year ended Dec. 31, 1994

Segregated Asset Subaccounts
Operations U V W X Y IL* _
<S> <C> <C> <C> <C> <C> <C>
Investment income
(loss) -- net....$ 12,063,213 $ 1,619,649 $ 151,579 $ 13,086,120 $ 373,600 $ (2,115)
Net realized gain (loss)
on investments.... 2,818 (50,047) (90) 23,145 (25,525) --
Net change in unrealized
appreciation or
depreciation of
investments....... (7,104,030) (2,959,460) (199) (13,046,187) (718,640) (24,601) _
Net increase (decrease)
in net assets resulting
from operations... 4,962,001 (1,389,858) 151,290 63,078 (370,565) (26,716) _

Contract Transactions _
Variable life
contract purchase
payments.......... 53,662,326 8,536,627 3,045,575 47,393,912 2,349,108 479,249
Net transfers**... 31,299,656 674,364 (558,467) 29,895,792 (387,467) 2,131,779
Transfers for
policy loans...... (2,091,783) (300,575) (58,150) (2,044,233) (54,511) 2,570
Policy charges
(Note 3)......... (13,474,555) (2,647,918) (607,708) (12,642,019) (803,474) (32,704)
Contract terminations:
Surrender benefits
(Note 7).......... (6,281,648) (1,072,188) (131,954) (6,054,959) (240,666) (9,014)
Death benefits.... (140,601) (66,862) (526) (174,073) (12,924) -- _
Increase from contract
transactions...... 62,973,395 5,123,448 1,688,770 56,374,420 850,066 2,571,880 _
Net assets at
beginning of year.109,254,884 23,099,381 3,967,438 104,157,614 5,903,479 -- _
Net assets at end
of year..........$177,190,280 $26,832,971 $5,807,498 $160,595,112 $6,382,980 $2,545,164 _

Accumulation Unit Activity _
Units outstanding
at beginning of
year.............. 54,422,093 13,255,311 2,911,403 45,869,757 3,444,125 --
Contract purchase
payments.......... 27,492,793 5,083,028 2,210,496 21,082,609 1,429,074 476,913
Net transfers**... 16,014,201 346,533 (394,967) 13,252,188 (244,851) 2,144,481
Transfers for
policy loans...... (1,070,031) (178,817) (42,438) (910,619) (33,478) 2,570
Policy charges.... (6,903,443) (1,581,088) (440,906) (5,623,402) (490,857) (33,133)
Contract terminations:
Surrender
benefits.......... (3,212,348) (637,064) (95,759) (2,691,231) (146,375) (9,180)
Death benefits..... (71,756) (39,776) (264) (76,733) (7,972) -- _
Units outstanding
at end of year.....86,671,509 16,248,127 4,147,565 70,902,569 3,949,666 2,581,651 _
* For the period Oct. 28, 1994 (commencement of operations) to Dec. 31, 1994.
** Includes transfer activity from (to) other subaccounts and transfers from (to) IDS Life's Fixed Account.

See accompanying notes to financial statements.
<PAGE>
PAGE 71
Statements of Changes in Net Assets Year ended Dec. 31, 1994

Combined
Variable
Operations Account _

Investment income
-- net..... $ 27,292,046
Net realized gain
on investments.... (49,699)
Net change in unrealized
appreciation or
depreciation of
investments....... (23,853,117)
Net increase
in net assets
resulting from
operations........ 3,389,230 _

Contract Transactions _
Variable life
contract purchase
payments.......... 115,466,797
Net transfers**... 63,055,657
Transfers for
policy loans...... (4,546,682)
Policy charges
(Note 3).......... (30,208,378)
Contract terminations:
Surrender benefits
(Note 7).......... (13,790,429)
Death benefits.... (394,986)
Increase from contract
transactions...... 129,581,979 _
Net assets at
beginning of year.. 246,382,796 _
Net assets at end
of year........... $379,354,005 _

See accompanying notes to financial statements.
</TABLE>

IDS Life Variable Life Separate Account -- Flexible Premium Survivorship Variable Life Subaccounts

Statements of Changes in Net Assets Year ended Dec. 31, 1993

Segregated Asset Subaccounts
Operations U V W X Y _
<S> <C> <C> <C> <C> <C>
Investment income
(loss) -- net......... $ 1,580,812 $ 1,065,994 $ 68,111 $ 6,561,261 $ 270,859
Net realized gain on
investments........... 145,033 64,986 25 33,594 52,769
Net change in
unrealized appreciation
or depreciation of
investments........... 9,696,478 904,140 (28) 7,262,233 144,644
Net increase in net
assets resulting from
operations............ 11,422,323 2,035,120 68,108 13,857,088 468,272

Contract Transactions _
Variable life contract
purchase payments..... 32,464,306 6,060,987 1,554,484 25,900,710 1,749,312
Net transfers*........ 16,961,735 4,584,703 (789,340) 20,407,541 583,218
Transfers for policy
loans................. (1,694,630) (401,220) (134,351) (1,551,680) (104,939)
Policy charges
(Note 3).............. (9,014,789) (1,763,330) (518,029) (7,618,154) (523,818)
Contract terminations:
Surrender benefits
(Note 7).............. (4,699,668) (915,691) (205,110) (4,918,800) (209,353)
Death benefits........ (96,332) (40,471) (907) (170,109) (114)
Increase (decrease)
from contract
transactions.......... 33,920,622 7,524,978 (93,253) 32,049,508 1,494,306 _
Net assets at
beginning of year..... 63,911,939 13,539,283 3,992,583 58,251,018 3,940,901 _
Net assets at end
of year............... $109,254,884 $23,099,381 $3,967,438 $104,157,614 $5,903,479 _

Statements of Changes in Net Assets Year ended Dec. 31, 1993

Combined
Variable
Operations Account _
Investment income
(loss) -- net......... $ 9,547,037
Net realized gain on
investments........... 296,407
Net change in
unrealized appreciation
or depreciation of
investments........... 18,007,467
Net increase in net
assets resulting from
operations............ 27,850,911

Contract Transactions _
Variable life contract
purchase payments..... 67,729,799
Net transfers*........ 41,747,857
Transfers for policy
loans................. (3,886,820)
Policy charges
(Note 3).............. (19,438,120)
Contract terminations:
Surrender benefits
(Note 7).............. (10,948,622)
Death benefits........ (307,933)
Increase (decrease)
from contract
transactions.......... 74,896,161
Net assets at
beginning of year..... 143,635,724
Net assets at end
of year............... $246,382,796
/TABLE
<PAGE>
PAGE 73
<TABLE>
<CAPTION>

Statement of Changes in Net Assets (continued) Year ended Dec. 31, 1993
Segregated Asset Subaccounts
Accumulation Unit Activity U V W X Y _
<S> <C> <C> <C> <C> <C>
Units outstanding at
beginning of year..... 35,764,760 8,848,353 2,980,646 30,474,795 2,556,038
Contract purchase
payments.............. 17,974,062 3,595,255 1,149,908 12,553,727 1,042,048
Net transfers*........ 9,237,097 2,669,509 (584,109) 9,754,851 345,119
Transfers for policy
loans................. (940,191) (240,726) (99,408) (754,930) (61,875)
Policy charges........ (5,003,599) (1,050,173) (383,329) (3,709,711) (312,977)
Contract terminations:
Surrender benefits.... (2,558,225) (543,579) (151,638) (2,364,877) (124,154)
Death benefits........ (51,811) (23,328) (667) (84,098) (74)
Units outstanding at
end of year -- 54,422,093 13,255,311 2,911,403 45,869,757 3,444,125 _
*Includes transfer activity from (to) other subaccounts and transfers from (to) IDS Life's Fixed Account.

See accompanying notes to financial statements.
</TABLE>
<PAGE>
PAGE 74
<TABLE>
<CAPTION>

IDS Life Variable Life Separate Account -- Flexible Premium Survivorship Variable Life Subaccounts

Statements of Changes in Net Assets Year ended Dec. 31, 1992

Segregated Asset Subaccounts
Operations U V W X Y _
<S> <C> <C> <C> <C> <C>
Investment income
(loss) -- net......... $ 1,490,942 $ 797,188 $ 95,755 $ 5,504,849 $ 185,126
Net realized gain (loss)
on investments........ 133,841 42,743 (20) 66,330 19,559
Net change in unrealized
appreciation or
depreciation of
investments........... 3,154,481 139,034 37 (712,491) 19,724 _
Net increase in net
assets resulting from
operations............ 4,779,264 978,965 95,772 4,858,688 224,409 _

Contract Transactions _
Variable life contract
purchase payments..... 23,236,690 4,085,437 1,842,613 17,439,530 1,260,401
Net transfers*........ 9,216,089 1,710,222 (833,994) 6,369,564 829,269
Transfers for policy
loans................. (766,712) (210,589) (112,799) (1,003,174) (47,091)
Policy charges
(Note 3).............. (6,240,625) (1,221,927) (514,947) (5,392,129) (368,014)
Contract terminations:
Surrender benefits
(Note 7).............. (1,726,671) (278,322) (243,054) (1,884,376) (125,779)
Death benefits........ (85,146) (98,470) (1,794) (161,093) (30,037)
Increase from
contract transactions.. 23,633,625 3,986,351 136,025 15,368,322 1,518,749 _
Net assets at beginning
of year................ 35,499,050 8,573,967 3,760,786 38,024,008 2,197,743 _
Net assets at end of
year................... $63,911,939 $13,539,283 $3,992,583 $58,251,018 $3,940,901 _

Statements of Changes in Net Assets Year ended Dec. 31, 1992

Combined
Variable
Operations Account _
Investment income
(loss) -- net......... $ 8,073,860
Net realized gain (loss)
on investments........ 262,453
Net change in unrealized
appreciation or
depreciation of
investments........... 2,600,785 _
Net increase in net
assets resulting from
operations............ 10,937,098 _

Contract Transactions _
Variable life contract
purchase payments..... 47,864,671
Net transfers*........ 17,291,150
Transfers for policy
loans................. (2,140,365)
Policy charges
(Note 3).............. (13,737,642)
Contract terminations:
Surrender benefits
(Note 7).............. (4,258,202)
Death benefits........ (376,540)
Increase from
contract transactions.. 44,643,072 _
Net assets at beginning
of year................ 88,055,554 _
Net assets at end of
year................... $143,635,724 _
</TABLE>
<PAGE>
PAGE 75
<TABLE>
<CAPTION>

Statements of Changes in Net Assets (continued) Year ended Dec. 31, 1992

Segregated Asset Subaccounts
Accumulation Unit Activity U V W X Y _
<S> <C> <C> <C> <C> <C>
Units outstanding at
beginning of year...... 20,712,984 6,087,763 2,876,374 21,753,138 1,504,235
Contract purchase
payments............... 14,835,029 2,797,018 1,391,749 9,888,570 853,787
Net transfers*......... 5,831,590 1,203,837 (627,777) 3,608,328 583,466
Transfers for policy
loans.................. (484,769) (144,801) (85,406) (569,015) (32,629)
Policy charges......... (3,981,775) (834,389) (388,578) (3,055,172) (248,958)
Contract terminations:
Surrender benefits..... (1,098,991) (190,763) (184,347) (1,060,613) (83,580)
Death benefits......... (49,308) (70,312) (1,369) (90,441) (20,283)
Units outstanding at
end of year............ 35,764,760 8,848,353 2,980,646 30,474,795 2,556,038 _
* Includes transfer activity from (to) other subaccounts and transfers from (to) IDS Life's Fixed Account.

See accompanying notes to financial statements.
</TABLE>
<PAGE>
PAGE 76
Notes to Financial Statements
1. Organization

IDS Life Variable Life Separate Account (the Variable Account) was
established on Oct. 16, 1985 as a segregated asset account of IDS
Life Insurance Company (IDS Life) under Minnesota law and is
registered as a single unit investment trust under the Investment
Company Act of 1940. Operations of the Variable Account commenced
on Jan. 20, 1986.

The Variable Account is comprised of various subaccounts. The
assets of each subaccount of the Variable Account are not
chargeable with liabilities arising out of the business conducted
by any other Subaccount, Account or by IDS Life. The assets of the
Variable Account shall be available, however, to cover the
liabilities of IDS Life to the extent the assets of the Variable
Account exceed its liabilities arising under the policies supported
by it. Flexible Premium Survivorship Variable Life policy owners
allocate their premium payment to one or more of the six
subaccounts which are used in connection with those policies. Such
funds are then invested in shares of six portfolios of IDS Life
Series Fund, Inc. (the mutual fund).

The mutual fund, which commenced operations Jan. 20, 1986, is
registered under the Investment Company Act of 1940 as a
diversified, open-end management investment company. Funds are
allocated to the subaccounts which are used in connection with
Flexible Premium Survivorship Variable Life policies; Subaccount U
invests in the shares of the Equity Portfolio; Subaccount V invests
in the shares of the Income Portfolio; Subaccount W invests in the
shares of the Money Market Portfolio; Subaccount X invests in the
shares of the Managed Portfolio; Subaccount Y invests in the shares
of the Government Securities Portfolio and Subaccount IL invests in
the shares of the International Equity Portfolio.

IDS Life serves as manager, investment adviser and distributor for
the Variable Account and the underlying series mutual fund.

2. Summary of Significant Accounting Policies

Investments in Mutual Fund
Investments in shares of the mutual fund portfolios are stated at
market value which is the net asset value per share as determined
by the respective portfolios. Investment transactions are
accounted for on the date the shares are purchased and sold. The
cost of investments sold and redeemed is determined on the average
cost method. Dividend distributions received from the portfolios
are reinvested, net of any expenses payable to IDS Life, in
additional shares of the portfolios and are recorded as income by
the subaccounts on the ex-dividend date.

Federal Income Taxes
IDS Life is taxed as a life insurance company. The Variable Account
is treated as part of IDS Life for federal income tax purposes.

Under existing federal income tax law, no income taxes are payable
with respect to any investment income of the Variable Account.
<PAGE>
PAGE 77
3. Mortality and Expense Risk Fee and Policy Charges

IDS Life makes contractual assurances to the Variable Account that
possible future adverse changes in administrative expenses and
mortality experience of the policy owners and beneficiaries will
not affect the Variable Account. The mortality and expense risk
fee paid to IDS Life is computed daily and is equal, on an annual
basis, to 0.9 percent of the daily net asset value of the Variable
Account. A monthly deduction is made for the cost of insurance,
the policy fee and the cost of any riders. The cost of insurance
for the Policy month is determined on the monthly date by
determining the net amount at risk, as of that day, and by then
applying the cost of insurance rates to the net amount at risk
which IDS Life is assuming for the succeeding month. The monthly
deduction will be taken from the subaccounts as specified in the
application for the Policy.

IDS Life deducts a policy fee of $30 per month for the first 15
years. This charge reimburses IDS Life for expenses incurred in
administering the Policy, such as processing claims, maintaining
records, making Policy changes and communicating with owners of
Policies. IDS Life does not anticipate that it will make any
profit on this charge. IDS Life reserves the right to change this
charge in the future, but guarantees that it will never exceed
$30.00 per month.

4. Optional Insurance Benefit Charge

Each month IDS Life deducts charges for any optional insurance
benefits added to the Policy by rider.

5. Premium Expense Charge

IDS Life deducts a sales charge and a charge for premium taxes from
each premium payment. The total of these charges is called the
premium expense charge.

A sales charge of 7.25 percent of each premium payment will be
deducted to compensate IDS Life for expenses relating to the
distribution of the Policy, including agents' commissions,
advertising, and the printing of the prospectuses and sales
literature. In addition, IDS Life may charge a contingent deferred
sales charge if the Policy is surrendered or lapses.

The Policy provides that a charge of 2.5 percent of each premium
payment will be deducted to cover the premium taxes assesed by
various states. Premium taxes vary from state to state. This
charge is the average rate which IDS Life expects to pay on
premiums from all states.

The Policy provides that a charge of 1.25 percent of each premium
payment will be deducted to cover the federal taxes resulting from
the sale of the policy. IDS Life reserves the right to change
this charge in the future if applicable federal law changes.

<PAGE>
PAGE 78
6. Surrender Charge

There are surrender charges for full surrender in the first 15
years of the policy. They are generally level for 5 years and
decreasing the next 10 years. The surrender charge is $4.00 per
thousand dollars of the initial specified amount. This surrender
charge reimburses IDS Life for the cost of issuing the policy.
Charges by IDS Life for surrenders are not available on an
individual segregated asset account basis. Charges for all
segregated asset accounts amounted to $5,204,418 for the six months
ended June 30, 1995, $6,969,493 in 1994, $4,408,562 in 1993, and
$3,649,836 in 1992. Such charges are not an expense of the
subaccounts or Variable Account. They are deducted from contract
surrender benefits paid by IDS Life.

7. Investment Transactions

The subaccounts' purchases of portfolio shares, including
reinvestment of dividend distributions, were as follows:
<TABLE>
<CAPTION>

Six Month
period ended
June 30, Year Ended Dec. 31,
Subaccount Investment 1995 1994 1993 1992
<S> <C> <C> <C> <C> <C>
(unaudited)
U Equity Portfolio.................$32,134,074 $ 75,168,483 $36,394,018 $26,011,554
V Income Portfolio................. 4,570,041 9,135,509 9,442,140 5,794,439
W Money Market Portfolio........... 2,949,289 6,079,545 2,068,726 2,113,613
X Managed Portfolio................ 24,548,669 70,115,877 39,065,458 21,646,797
Y Government Securities Portfolio.. 531,947 2,288,718 2,419,239 2,090,887
IL* International Equity Portfolio... 7,251,555 2,571,873 ---- ----
$71,985,575 $165,360,005 $89,389,581 $57,657,290
*Commenced operations on Oct. 28, 1994.
</TABLE>
<PAGE>
PAGE 79
<TABLE>
<CAPTION>
Condensed Financial Information (unaudited)
Six month Period from
period ended June 17 to
June 30, Year Ended Dec. 31, Dec. 31,
1995 1994 1993 1992 1991 1990 1989 1988 1987*
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Subaccount U (Equity)
Accumulation unit value at beginning of
period.................................... $2.04 $2.01 $1.79 $1.71 $1.04 $1.10 $0.90 $0.83 $1.00
Accumulation unit value at end of period.. $2.37 $2.04 $2.01 $1.79 $1.71 $1.04 $1.10 $0.90 $0.83
Number of accumulation units outstanding
at end of period (000 omitted)............ 99,334 86,672 54,422 35,765 20,713 13,993 9,013 5,110 1,602
Subaccount V (Income)
Accumulation unit value at beginning of
period.................................... $1.65 $1.74 $1.53 $1.41 $1.23 $1.17 $1.06 $0.99 $1.00
Accumulation unit value at end of period.. $1.84 $1.65 $1.74 $1.53 $1.41 $1.23 $1.17 $1.06 $0.99
Number of accumulation units outstanding
at end of period (000 omitted)............ 17,884 16,248 13,255 8,848 6,088 4,646 3,207 1,423 267
Subaccount W (Money Market)
Accumulation unit value at beginning of
period.................................... $1.40 $1.36 $1.34 $1.31 $1.25 $1.17 $1.08 $1.03 $1.00
Accumulation unit value at end of period.. $1.43 $1.40 $1.36 $1.34 $1.31 $1.25 $1.17 $1.08 $1.03
Number of accumulation units outstanding
at end of period (000 omitted)............ 4,490 4,148 2,911 2,981 2,876 2,221 1,497 562 192
Subaccount X (Managed)
Accumulation unit value at beginning of
period.................................... $2.27 $2.27 $1.91 $1.75 $1.34 $1.25 $0.97 $0.90 $1.00
Accumulation unit value at end of period.. $2.39 $2.27 $2.27 $1.91 $1.75 $1.34 $1.25 $0.97 $0.90
Number of accumulation units outstanding
at end of period (000 omitted)............ 80,258 70,903 45,870 30,475 21,753 15,649 10,496 8,247 3,550
Subaccount Y (Government Securities)
Accumulation unit value at beginning of
period.................................... $1.62 $1.71 $1.54 $1.46 $1.26 $1.20 $1.05 $1.00 $1.00
Accumulation unit value at end of period.. $1.78 $1.62 $1.71 $1.54 $1.46 $1.26 $1.20 $1.05 $1.00
Number of accumulation units outstanding
at end of period (000 omitted)............ 3,894 3,949 3,444 2,556 1,504 1,096 491 271 55
Subaccount IL (International Equity)**
Accumulation unit value at beginning of
period.................................... $0.99 $1.00 -- -- -- -- -- -- --
Accumulation unit value at end of period.. $1.12 $0.99 -- -- -- -- -- -- --
Number of accumulation units outstanding
at end of period (000 omitted)............ 9,853 2,582 -- -- -- -- -- -- --
*Operations commenced on June 17, 1987.
**For the period Oct. 27, 1994 (commencement of operations) to Dec. 31, 1994.
</TABLE>
<PAGE>
PAGE 80

IDS Life Financial Information

The financial statements shown below are those of the insurance
company and not those of the Fund and the Account. They are
included in the prospectus for the purpose of informing investors
as to the financial condition of the insurance company and its
ability to carry out its obligations under the variable life
insurance contracts.

IDS LIFE INSURANCE COMPANY
CONSOLIDATED BALANCE SHEETS June 30,
<TABLE>
<CAPTION>

ASSETS 1995
(Thousands)
(Unaudited)
<S> <C>
Investments:
Fixed maturities:
Held to maturity, at amortized cost (Fair value:
1995, $11,553,681) $11,217,462
Available for sale, at fair value (Amortized cost:
1995, $9,687,942) 9,867,064
Mortgage loans on real estate
(Fair value: 1995, $2,741,110) 2,564,568
Policy loans 403,445
Other investments 98,115

Total investments 24,150,654

Cash and cash equivalents 56,316
Receivables:
Reinsurance 96,642
Amounts due from brokers 3,259
Other accounts receivable 34,402
Premiums due 4,614
Total receivables 138,917

Accrued investment income 330,255
Deferred policy acquisition costs 1,937,273
Deferred income taxes -
Other assets 46,332
Assets held in segregated asset
accounts, primarily common stocks at market 12,968,713

Total assets $39,628,460
==========
See accompanying notes to consolidated financial statements.
<PAGE>
PAGE 81

IDS LIFE INSURANCE COMPANY
CONSOLIDATED BALANCE SHEETS (continued)

June 30,
LIABILITIES AND STOCKHOLDER'S EQUITY 1995
(Thousands)
(Unaudited)

Liabilities:
Fixed annuities--future policy benefits $20,330,776
Universal life-type insurance--future policy benefits 2,986,664
Traditional life insurance--future policy benefits 208,703
Disability income, health and long-term care
insurance--future policy benefits 285,771
Policy claims and other policyholders' funds 86,488
Deferred income taxes 60,382
Amounts due to brokers 374,432
Other liabilities 259,876
Liabilities related to segregated asset accounts 12,968,713
Total liabilities 37,561,805
Stockholder's equity:
Capital stock, $30 par value per share;
100,000 shares authorized, issued and outstanding 3,000
Additional paid-in capital 237,384
Net unrealized gain (loss) on investments 109,410
Retained earnings 1,716,861

Total stockholder's equity 2,066,655

Total liabilities and stockholder's equity $39,628,460
==========

Commitments and contingencies (Note 6)

See accompanying notes to consolidated financial statements.
</TABLE>
<PAGE>
PAGE 82
<TABLE>
<CAPTION>
IDS LIFE INSURANCE COMPANY
CONSOLIDATED STATEMENTS OF INCOME
Six months ended
June 30,
1995
(Thousands)
(Unaudited)
<S> <C>
Revenues:
Premiums:
Traditional life insurance $ 25,455
Disability income and long-term care insurance 53,312

Total premiums 78,767

Policyholder and contractholder charges 125,171
Management and other fees 97,430
Net investment income 936,720
Net loss on investments (2,750)

Total revenues 1,235,338

Benefits and expenses:
Death and other benefits: Traditional life
insurance 15,355
Death and other benefits: Universal life-type
insurance and investment contracts 34,023
Death and other benefits: Disability income,
health and long-term care insurance 8,513
Increase (decrease) in liabilities for future
policy benefits: Traditional life insurance (1,721)
Disability income, health and
long-term care insurance 25,272
Interest credited on universal life-type
insurance and investment contracts 641,874
Amortization of deferred policy acquisition costs 124,617
Other insurance and operating expenses 110,293

Total benefits and expenses 958,226
Income before income taxes 277,112
Income taxes 96,380

Net income $ 180,732
=========

See accompanying notes to consolidated financial statements.
<PAGE>
PAGE 83

IDS LIFE INSURANCE COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS

Six months ended
June 30,
1995
(Thousands)
(Unaudited)
<S> <C>

Cash flows from operating activities:
Net income $ 180,732
Adjustments to reconcile net income to
net cash provided by operating activities:
Issuance--Policy loans, excluding universal
life-type insurance: (22,684)
Repayment--Policy loans, excluding universal
life--type insurance 18,321
Change in reinsurance receivable (16,338)
Change in other accounts receivable 15,343
Change in accrued investment income (12,745)
Change in deferred policy acquisition costs, net (100,483)
Change in liabilities for future policy
benefits for traditional life, disability income,
health and long-term care insurance 43,643
Change in policy claims and other policyholders' funds 36,420
Change in deferred income taxes (22,928)
Change in other liabilities (32,026)
Amortization of premium (accretion
of discount), net (12,184)
Net loss on investments 2,750
Premiums related to universal life--type insurance 227,118
Surrenders and death benefits related to
universal life--type insurance (148,131)
Interest credited to account balances related
to universal life--type insurance 80,075
Policyholder and contractholder charges, non-cash (68,498)
Other, net 9,723

Net cash provided by operating activities $ 178,108

See accompanying notes to consolidated financial statements.
<PAGE>
PAGE 84

IDS LIFE INSURANCE COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)

Six months ended
June 30,
1995
(Thousands)
(Unaudited)
<S> <C>

Cash flows from investing activities:
Fixed maturities held to maturity:
Purchases $ (391,215)
Maturities, sinking fund payments and calls 307,164
Sales 125,282
Fixed maturities available for sale:
Purchases (1,567,022)
Maturities, sinking fund payments and calls 323,689
Sales 14,820
Other investments, excluding policy loans:
Purchases (294,900)
Sales 93,620
Change in amounts due from brokers 4,674
Change in amounts due to brokers 147,695

Net cash used in investing activities (1,236,193)

Cash flows from financing activities:
Activity related to investment contracts:
Considerations received 1,829,091
Surrenders and death benefits (1,422,092)
Interest credited to account balances 561,798
Universal life-type insurance policy loans:
Issuance (43,467)
Repayment 26,297
Cash dividend to parent (105,000)

Net cash provided by financing activities 846,627

Net increase (decrease) in cash and
cash equivalents (211,458)

Cash and cash equivalents at
beginning of period 267,774

Cash and cash equivalents at
end of period $ 56,316
==========

See accompanying notes to consolidated financial statements.
</TABLE>
<PAGE>
PAGE 85
IDS LIFE INSURANCE COMPANY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
June 30, 1995 ($ in thousands) (unaudited)

1. General

In the opinion of the management of IDS Life Insurance
Company (the Company), the accompanying unaudited
consolidated financial statements contain all
adjustments (consisting of normal recurring
adjustments) necessary to present fairly its balance
sheet as of June 30, 1995, statements of income for the
three and six months ended June 30, 1995 and 1994 and
statements of cash flows for the six months ended June
30, 1995 and 1994.

The Company is a wholly owned subsidiary of American
Express Financial Corporation which is a wholly owned
subsidiary of American Express Company. The
accompanying consolidated financial statements include
the accounts of the Company and its wholly owned
subsidiaries, IDS Life Insurance Company of New York,
American Enterprise Life Insurance Company, American
Centurion Life Assurance Company and American Partners
Life Insurance Company. All material intercompany
accounts and transactions have been eliminated in
consolidation.

2. Nature of business

The Company is engaged in the life insurance and
annuity business. The Company sells various forms of
fixed and variable individual life insurance, group
life insurance,individual and group disability income
insurance, long-term care insurance, and single and
installment premium fixed and variable annuities.

3. Statements of cash flows

The Company considers investments with a maturity at
the date of their acquisition of three months or less
to be cash equivalents. These securities are carried
principally at amortized cost which approximates market
value.

Cash paid for interest on borrowings totaled $1,879 and
$1,377 for the six months ended June 30, 1995 and 1994,
respectively. Cash paid for income taxes totaled
$111,800 and $110,658 for the six months ended June 30,
1995 and 1994, respectively.
<PAGE>
PAGE 86

IDS LIFE INSURANCE COMPANY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
($ in thousands) (unaudited) (continued)

4. Commitments and contingencies

Commitments for purchases of investments in the
ordinary course of business at June 30, 1995 aggregated
$266,503.

The maximum amount of risk retained by the Company on
any one life is $750 of life and waiver of premium
benefits plus $50 of accidental death benefits. The
excesses are reinsured with other life insurance
companies on a yearly renewable term basis.

The Company is a defendant in various lawsuits, none of
which, in the opinion of the Company counsel, will
result in a material liability.

<PAGE>
PAGE 87
<TABLE><CAPTION>
IDS LIFE INSURANCE COMPANY
CONSOLIDATED BALANCE SHEETS Dec. 31, Dec. 31,

ASSETS 1994 1993
(Thousands)
<S> <C> <C>
Investments:
Fixed maturities:
Held to maturity, at amortized cost (Fair value:
1994, $10,694,800) $11,269,861 $ -
Available for sale, at fair value (Amortized cost:
1994, $8,459,128) 8,017,555 -
Investment securities, at amortized cost (Fair value:
1993, $20,425,979) - 19,392,424
Mortgage loans on real estate
(Fair value: 1994, $2,342,520; 1993, $2,125,686) 2,400,514 2,055,450
Policy loans 381,912 350,501
Other investments 51,795 56,307

Total investments 22,121,637 21,854,682

Cash and cash equivalents 267,774 146,281
Receivables:
Reinsurance 80,304 55,298
Amounts due from brokers 7,933 5,719
Other accounts receivable 49,745 21,459
Premiums due 1,594 1,329
Total receivables 139,576 83,805

Accrued investment income 317,510 307,177
Deferred policy acquisition costs 1,865,324 1,652,384
Deferred income taxes 124,061 -
Other assets 30,426 21,730
Assets held in segregated asset
accounts, primarily common stocks at market 10,881,235 8,991,694

Total assets $35,747,543 $33,057,753
========== ==========

See accompanying notes to consolidated financial statements.
<PAGE>
PAGE 88

IDS LIFE INSURANCE COMPANY
CONSOLIDATED BALANCE SHEETS (continued)

Dec. 31, Dec. 31,
LIABILITIES AND STOCKHOLDER'S EQUITY 1994 1993
(Thousands)

Liabilities:
Fixed annuities--future policy benefits $19,361,979 $18,492,135
Universal life-type insurance--future policy benefits 2,896,100 2,753,455
Traditional life insurance--future policy benefits 206,754 210,205
Disability income, health and long-term care
insurance--future policy benefits 244,077 185,272
Policy claims and other policyholders' funds 50,068 44,516
Deferred income taxes - 43,620
Amounts due to brokers 226,737 351,486
Other liabilities 291,902 292,024
Liabilities related to segregated asset accounts 10,881,235 8,991,694

Total liabilities 34,158,852 31,364,407

Stockholder's equity:
Capital stock, $30 par value per share;
100,000 shares authorized, issued and outstanding 3,000 3,000
Additional paid-in capital 222,000 222,000
Net unrealized gain (loss) on investments (275,708) 114
Retained earnings 1,639,399 1,468,232

Total stockholder's equity 1,588,691 1,693,346

Total liabilities and stockholder's equity $35,747,543 $33,057,753
========== ==========

Commitments and contingencies (Note 6)

See accompanying notes to consolidated financial statements.
</TABLE>
<PAGE>
PAGE 89
<TABLE>
<CAPTION>
IDS LIFE INSURANCE COMPANY
CONSOLIDATED STATEMENTS OF INCOME
Years ended Dec. 31,
1994 1993 1992
(Thousands)
<S> <C> <C> <C>
Revenues:
Premiums:
Traditional life insurance $ 48,184 $ 48,137 $ 49,719
Disability income and long-term care insurance 96,456 79,108 64,660

Total premiums 144,640 127,245 114,379

Policyholder and contractholder charges 219,936 184,205 156,368
Management and other fees 164,169 120,139 84,591
Net investment income 1,781,873 1,783,219 1,616,821
Net loss on investments (4,282) (6,737) (3,710)

Total revenues 2,306,336 2,208,071 1,968,449

Benefits and expenses:
Death and other benefits: Traditional life
insurance 28,263 32,136 34,139
Death and other benefits: Universal life-type
insurance and investment contracts 52,027 49,692 42,174
Death and other benefits: Disability income,
health and long-term care insurance 13,393 13,148 10,701
Increase (decrease) in liabilities for future
policy benefits: Traditional life insurance (3,229) (4,513) (5,788)
Disability income, health and
long-term care insurance 37,912 32,528 27,172
Interest credited on universal life-type
insurance and investment contracts 1,174,985 1,218,647 1,188,379
Amortization of deferred policy acquisition costs 280,372 211,733 140,159
Other insurance and operating expenses 210,101 241,974 215,692

Total benefits and expenses 1,793,824 1,795,345 1,652,628

Income before income taxes 512,512 412,726 315,821

Income taxes 176,343 142,647 104,651

Net income $ 336,169 $ 270,079 $ 211,170
========= ========= =========

See accompanying notes to consolidated financial statements.
<PAGE>
PAGE 90

IDS LIFE INSURANCE COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS

Years ended Dec. 31,
1994 1993 1992
(Thousands)

Cash flows from operating activities:
Net income $ 336,169 $ 270,079 $ 211,170
Adjustments to reconcile net income to
net cash provided by operating activities:
Issuance--Policy loans, excluding universal
life-type insurance: (37,110) (35,886) (32,881)
Repayment--Policy loans, excluding universal
life--type insurance 33,384 29,557 26,750
Change in reinsurance receivable (25,006) (55,298) -
Change in other accounts receivable (28,286) (1,364) (4,772)
Change in accrued investment income (10,333) (22,057) (15,853)
Change in deferred policy acquisition costs, net (192,768) (211,509) (229,252)
Change in liabilities for future policy
benefits for traditional life, disability income,
health and long-term care insurance 55,354 79,695 21,384
Change in policy claims and other policyholders' funds 5,552 (5,383) (1,347)
Change in deferred income taxes (19,176) (44,237) (30,385)
Change in other liabilities (122) 56,515 88,997
Amortization of premium (accretion
of discount), net 30,921 (27,438) (4,289)
Net loss on investments 4,282 6,737 3,710
Premiums related to universal life--type insurance 409,035 397,883 312,621
Surrenders and death benefits related to
universal life--type insurance (290,427) (255,133) (166,162)
Interest credited to account balances related
to universal life--type insurance 150,955 156,885 161,873
Policyholder and contractholder charges, non-cash (126,918) (115,140) (100,975)
Other, net (8,974) (1,907) (10,647)

Net cash provided by operating activities $ 286,532 $ 221,999 $ 229,942

See accompanying notes to consolidated financial statements.
<PAGE>
PAGE 91

IDS LIFE INSURANCE COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)

Years ended Dec. 31,
1994 1993 1992
(Thousands)

Cash flows from investing activities:
Fixed maturities held to maturity:
Purchases $ (879,740) $ - $ -
Maturities, sinking fund payments and calls 1,651,762 - -
Sales 58,001 - -
Fixed maturities available for sale:
Purchases (2,763,278) - -
Maturities, sinking fund payments and calls 1,234,401 - -
Sales 374,564 - -

Fixed maturities:
Purchases - (6,548,852) (6,590,279)
Maturities, sinking fund payments and calls - 3,934,055 2,696,239
Sales - 487,983 1,011,093
Other investments, excluding policy loans:
Purchases (634,807) (553,694) (411,069)
Sales 243,862 123,352 67,097
Change in amounts due from brokers (2,214) 14,483 289,335
Change in amounts due to brokers (124,749) 92,832 42,182

Net cash used in investing activities (842,198) (2,449,841) (2,895,402)

Cash flows from financing activities:
Activity related to investment contracts:
Considerations received 3,157,778 2,843,668 2,821,069
Surrenders and death benefits (3,311,965) (1,765,869) (1,168,633)
Interest credited to account balances 1,024,031 1,071,917 1,026,506
Universal life-type insurance policy loans:
Issuance (78,239) (70,304) (72,007)
Repayment 50,554 46,148 40,351
Capital contribution from parent - 200,000 -
Cash dividend to parent (165,000) (25,000) (20,000)

Net cash provided by financing activities 677,159 2,300,560 2,627,286

Net increase (decrease) in cash and
cash equivalents 121,493 72,718 (38,174)

Cash and cash equivalents at
beginning of year 146,281 73,563 111,737

Cash and cash equivalents at
end of year $ 267,774 $ 146,281 $ 73,563
========== ========== ==========

See accompanying notes to consolidated financial statements.
</TABLE>
<PAGE>
PAGE 92
IDS LIFE INSURANCE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ($ Thousands)
Dec. 31, 1994, 1993 and 1992

1. Summary of significant accounting policies

Nature of business

IDS Life Insurance Company (the Company) is engaged in the
insurance and annuity business. The Company sells various forms of
fixed and variable individual life insurance, group life insurance,
individual and group disability income insurance, long-term care
insurance, and single and installment premium fixed and variable
annuities.

Basis of presentation

The Company is a wholly owned subsidiary of American Express
Financial Corporation (formerly IDS Financial Corporation), which
is a wholly owned subsidiary of American Express Company. The
accompanying consolidated financial statements include the accounts
of the Company and its wholly owned subsidiaries, IDS Life
Insurance Company of New York, American Enterprise Life Insurance
Company and American Partners Life Insurance Company. All material
intercompany accounts and transactions have been eliminated in
consolidation.

The accompanying consolidated financial statements have been
prepared in conformity with generally accepted accounting
principles which vary in certain respects from reporting practices
prescribed or permitted by state insurance regulatory authorities.

Investments

As of January 1, 1994, the Company adopted Statement of Financial
Accounting Standards (SFAS) No. 115, "Accounting for Certain
Investments in Debt and Equity Securities." Under SFAS No. 115,
fixed maturities that the Company has both the positive intent and
the ability to hold to maturity are classified as held to maturity
and carried at amortized cost. All other fixed maturities and all
marketable equity securities are classified as available for sale
and carried at fair value. Unrealized gains and losses on
securities classified as available for sale are carried as a
separate component of stockholder's equity. The effect of adopting
SFAS No. 115 was to increase stockholder's equity by approximately
$181 million, net of tax, as of Jan. 1, 1994, but the adoption had
no impact on the Company's net income.

Management determines the appropriate classification of fixed
maturities at the time of purchase and reevaluates the
classification at each balance sheet date.

<PAGE>
PAGE 93
1. Summary of significant accounting policies (continued)

Mortgage loans on real estate are carried principally at the unpaid
principal balances of the related loans. Policy loans are carried
at the aggregate of the unpaid loan balances which do not exceed
the cash surrender values of the related policies. Other
investments include interest rate caps and equity securities. When
evidence indicates a decline, which is other than temporary, in the
underlying value or earning power of individual investments, such
investments are written down to the fair value by a charge to
income. Equity securities are carried at market value and the
related net unrealized appreciation or depreciation is reported as
a credit or charge to stockholder's equity.

Realized investment gain or loss is determined on an identified
cost basis.

Prepayments are anticipated on certain investments in
mortgage-backed securities in determining the constant effective
yield used to recognize interest income. Prepayment estimates are
based on information received from brokers who deal in
mortgage-backed securities.

Statement of cash flows

The Company considers investments with a maturity at the date of
their acquisition of three months or less to be cash equivalents.
These securities are carried principally at amortized cost which
approximates fair value.

Supplementary information to the consolidated statement of cash
flows for the years ended Dec. 31 is summarized as follows:

1994 1993 1992
Cash paid during the year
for:
Income taxes $226,365 $188,204 $140,445
Interest on borrowings 1,553 2,661 1,265

Recognition of profits on annuity contracts and insurance policies

The Company issues single premium deferred annuity contracts that
provide for a service fee (surrender charge) at annually decreasing
rates upon withdrawal of the annuity accumulation value by the
contract owner. No sales fee is deducted from the contract
considerations received on these contracts ("no load" annuities).
All of the Company's single premium deferred annuity contracts
provide for crediting the contract owners' accumulations at
specified rates of interest. Such rates are revised by the Company
from time to time based on changes in the market investment yield
rates for fixed-income securities.

Profits on single premium deferred annuities and installment
annuities are recognized by the Company over the lives of the
contracts and represent the excess of investment income earned from
investment of contract considerations over interest credited to
contract owners and other expenses.
<PAGE>
PAGE 94
1. Summary of significant accounting policies (continued)

The retrospective deposit method is used in accounting for
universal life-type insurance. This method recognizes profits over
the lives of the policies in proportion to the estimated gross
profits expected to be realized.

Premiums on traditional life, disability income, health and
long-term care insurance policies are recognized as revenue when
collected or due, and related benefits and expenses are associated
with premium revenue in a manner that results in recognition of
profits over the lives of the insurance policies. This association
is accomplished by means of the provision for future policy
benefits and the deferral and subsequent amortization of policy
acquisition costs.

Deferred policy acquisition costs

The costs of acquiring new business, principally sales
compensation, policy issue costs, underwriting and certain sales
expenses, have been deferred on insurance and annuity contracts.

The deferred acquisition costs for single premium deferred
annuities and installment annuities are amortized based upon
surrender charge revenue and a portion of the excess of investment
income earned from investment of the contract considerations over
the interest credited to contract owners. The costs for universal
life-type insurance are amortized over the lives of the policies as
a percentage of the estimated gross profits expected to be realized
on the policies. For traditional life, disability income, health
and long-term care insurance policies, the costs are amortized over
an appropriate period in proportion to premium revenue.

Liabilities for future policy benefits

Liabilities for universal life-type insurance, single premium
deferred annuities and installment annuities are accumulation
values.

Liabilities for fixed annuities in a benefit status are based on
the Progressive Annuity Table with interest at 5 percent, the 1971
Individual Annuity Table with interest at 7 percent or 8.25
percent, or the 1983a Table with various interest rates ranging
from 5.5 percent to 9.5 percent, depending on year of issue.

Liabilities for future benefits on traditional life insurance have
been computed principally by the net level premium method, based on
anticipated rates of mortality (approximating the 1965-1970 Select
and Ultimate Basic Table for policies issued after 1980 and the
1955-1960 Select and Ultimate Basic Table for policies issued prior
to 1981) and the 1975-1980 Select and Ultimate Basic Table for term
insurance policies issued after 1984, policy persistency derived
from Company experience data (first year rates ranging from
approximately 70 percent to 90 percent and increasing rates
thereafter), and estimated future investment yields of 4 percent
for policies issued before 1974 and 5.25 percent for policies
issued from 1974 to 1980. Cash value plans issued in 1980 and
later assume future investment rates that grade from 9.5 percent to
<PAGE>
PAGE 95
1. Summary of significant accounting policies (continued)

5 percent over 20 years. Term insurance issued from 1981 to 1984
assumes an 8 percent level investment rate, term insurance issued
from 1985-1993 assumes investment rates that grade from 10 percent
to 6 percent over 20 years and term insurance issued after 1993
assumes investment rates that grade from 8.7 percent to 6.57
percent over 7 years.

Liabilities for future disability income policy benefits have been
computed principally by the net level premium method, based on the
1964 Commissioners Disability Table with the 1958 Commissioners
Standard Ordinary Mortality Table at 3 percent interest for 1980
and prior, 8 percent interest for persons disabled from 1981 to
1991, 7.7 percent interest for persons disabled in 1992 and 6
percent interest for persons disabled after 1992.

Liabilities for future benefits on long-term care insurance have
been computed principally by the net level premium method, using
morbidity rates based on the 1985 National Nursing Home Survey and
mortality rates based on the 1983a Table. The interest rate basis
is 9.5 percent grading to 7 percent over ten years for policies
issued from 1989 to 1992, 7.75 percent grading to 7 percent over
four years for policies issued after 1992, 8 percent for claims
incurred in 1989 to 1991, 7.7 percent for claims incurred in 1992
and 6.7 percent for claims incurred after 1992.

Reinsurance

The maximum amount of life insurance risk retained by the Company
on any one life is $750 of life and waiver of premium benefits plus
$50 of accidental death benefits. The maximum amount of disability
income risk retained by the Company on any one life is $6 of
monthly benefit for benefit periods longer than three years. The
excesses are reinsured with other life insurance companies on a
yearly renewable term basis. Graded premium whole life policies
and long term care are primarily reinsured on a coinsurance basis.

Federal income taxes

The Company's taxable income is included in the consolidated
federal income tax return of American Express Company. The Company
provides for income taxes on a separate return basis, except that,
under an agreement between American Express Financial Corporation
and American Express Company, tax benefit is recognized for losses
to the extent they can be used on the consolidated tax return. It
is the policy of American Express Financial Corporation and its
subsidiaries that American Express Financial Corporation will
reimburse a subsidiary for any tax benefit.

Included in other receivables at Dec. 31, 1994 is $22,034
receivable from American Express Financial Corporation for federal
income taxes. Included in other liabilities at Dec.31, 1993 is
$14,709 payable to American Express Financial Corporation for
federal income taxes.

<PAGE>
PAGE 96
1. Summary of significant accounting policies (continued)

Segregated asset account business

The segregated asset account assets and liabilities represent funds
held for the exclusive benefit of the variable annuity and variable
life insurance contract owners. The Company receives investment
management and mortality and expense assurance fees from the
variable annuity and variable life insurance mutual funds and
segregated asset accounts. The Company also deducts a monthly cost
of insurance charge and receives a minimum death benefit guarantee
fee and issue and administrative fee from the variable life
insurance segregated asset accounts.

The Company makes contractual mortality assurances to the variable
annuity contract owners that the net assets of the segregated asset
accounts will not be affected by future variations in the actual
life expectancy experience of the annuitants and the beneficiaries
from the mortality assumptions implicit in the annuity contracts.
The Company makes periodic fund transfers to, or withdrawals from,
the segregated asset accounts for such actuarial adjustments for
variable annuities that are in the benefit payment period. The
Company guarantees, for the variable life insurance policyholders,
the contractual insurance rate and that the death benefit will
never be less than the death benefit at the date of issuance.

Reclassification

Certain 1993 and 1992 amounts have been reclassified to conform to
the 1994 presentation.

2. Investments

Fair values of investments in fixed maturities represent quoted
market prices and estimated values when quoted prices are not
available. Estimated values are determined by established
procedures involving, among other things, preview of market
indices, price levels of current offerings of comparable issues,
price estimates and market data from independent brokers and
financial files.

Net gain (loss) on investments for the years ended Dec.31 is
summarized as follows:

1994 1993 1992

Fixed maturities $(1,575) $ 20,583 $ 22,075
Mortgage loans (3,013) (25,056) (13,444)
Other investments 306 (2,264) (12,341)
----- ----- ------
$(4,282) $ (6,737) $ (3,710)
===== ===== ======

Changes in net unrealized appreciation (depreciation) of
investments for the years ended Dec. 31 are summarized as follows:
<PAGE>
PAGE 97
2. Investments (continued)
1994 1993 1992
Fixed maturities:
Held to maturity $(1,329,740) $ -- $ --
Available for sale (720,449) -- --
Investment securities --- 323,060 (128,683)
Equity securities (2,917) (156) 300

The amortized cost, gross unrealized gains and losses and fair
values of investments in fixed maturities and equity securities at
Dec. 31, 1994 are as follows:
<TABLE>
<CAPTION>
Gross Gross
Amortized Unrealized Unrealized Fair
Held to maturity Cost Gains Losses Value
<S> <C> <C> <C> <C>
U.S. Government
agency obligations $ 21,500 $ 43 $ 4,372 $ 17,171
State and municipal
obligations 9,687 132 -- 9,819
Corporate bonds
and obligations 8,806,707 100,468 459,568 8,447,607
Mortgage-backed
securities 2,431,967 10,630 222,394 2,220,203
---------- ------- ------- ----------
$11,269,861 $111,273 $686,334 $10,694,800
========== ======= ======= ==========

Gross Gross
Amortized Unrealized Unrealized Fair
Available for sale Cost Gains Losses Value

U.S. Government
agency obligations $ 128,093 $ 756 $ 1,517 $ 127,332
State and municipal
obligations 11,008 702 -- 11,710
Corporate bonds
and obligations 1,142,321 24,166 7,478 1,159,009
Mortgage-backed
securities 7,177,706 9,514 467,716 6,719,504
--------- ------ ------- ---------
Total fixed maturities 8,459,128 35,138 476,711 8,017,555

Equity securities 4,663 -- 2,757 1,906
--------- ------ ------- ---------
$8,463,791 $35,138 $479,468 $8,019,461
========= ====== ======= =========
</TABLE>

The change in net unrealized gain (loss) on available for sale
securities included as a separate component of stockholder's equity
was $(275,822) in 1994.

The amortized cost, gross unrealized gains and losses and fair
values of investments in fixed maturities carried at amortized cost
at Dec. 31, 1993 are as follows:

<PAGE>
PAGE 98
2. Investments (continued)
<TABLE>
<CAPTION>
Gross Gross
Amortized Unrealized Unrealized Fair
Cost Gains Losses Value
<S> <C> <C> <C> <C>
U.S. Government
agency obligations $ 63,532 $ 3,546 $ 1,377 $ 65,701
State and municipal
obligations 11,072 2,380 -- 13,452
Corporate bonds
and obligations 9,339,297 768,747 22,929 10,085,115
Mortgage-backed
securities 9,978,523 341,067 57,879 10,261,711
---------- --------- ------- ----------
$19,392,424 $1,115,740 $ 82,185 $20,425,979
========== ========= ======= ==========
</TABLE>

At Dec. 31, 1993, net unrealized appreciation on equity securities
included $160 of gross unrealized appreciation, $nil of gross
unrealized depreciation and deferred tax credits of $46. The fair
value of equity securities was $1,900 at Dec. 31, 1993.

The amortized cost and fair value of investments in fixed
maturities at Dec. 31, 1994 by contractual maturity are shown
below. Expected maturities will differ from contractual maturities
because borrowers may have the right to call or prepay obligations
with or without call or prepayment penalties.

Amortized Fair
Held to maturity Cost Value

Due in one year or less $ 108,056 $ 109,228
Due from one to five years 1,412,335 1,423,394
Due from five to ten years 5,467,826 5,245,742
Due in more than ten years 1,849,677 1,696,233
Mortgage-backed securities 2,431,967 2,220,203
---------- ----------
$11,269,861 $10,694,800
========== ==========

Amortized Fair
Available for sale Cost Value

Due from one to five years $ 757,160 $ 756,842
Due from five to ten years 433,717 449,057
Due in more than ten years 90,545 92,152
Mortgage-backed securities 7,177,706 6,719,504
--------- ---------
$8,459,128 $8,017,555
========= =========

During the year ended Dec. 31, 1994, fixed maturities classified as
held to maturity were sold with proceeds of $58,001 and gross
realized gains and losses on such sales were $226 and $3,515,
respectively. The sale of these fixed maturities was due to credit
deterioration.

In addition, fixed maturities available for sale were sold during
1994 with proceeds of $374,564 and gross realized gains and losses
on such sales were $1,861 and $7,602, respectively.<PAGE>
PAGE 99
2. Investments (continued)

Proceeds from sales of investments in fixed maturities during 1993
were $487,983. During 1993, gross gains of $48,499 and gross
losses of $43,039, respectively, were realized on those sales.

At Dec. 31, 1994, bonds carried at $6,536 were on deposit with
various states as required by law.

Net investment income for the years ended Dec. 31 is summarized as
follows:

1994 1993 1992

Interest on fixed
maturities $1,556,756 $1,589,802 $1,449,234
Interest on mortgage
loans 196,521 175,063 148,693
Other investment income 38,366 29,345 24,281
Interest on cash
equivalents 6,872 2,137 5,363
------- ------- -------
1,798,515 1,796,347 1,627,571
Less investment
expenses 16,642 13,128 10,750
------- ------- -------
$1,781,873 $1,783,219 $1,616,821
======= ======= =======

At Dec. 31, 1994, investments in fixed maturities comprised 87
percent of the Company's total invested assets. These securities
are rated by Moody's and Standard & Poor's (S&P), except for
securities carried at cost approximately $1.7 billion which are
rated by American Express Financial Corporation internal analysts
using criteria similar to Moody's and S&P. A summary of
investments in fixed maturities, at amortized cost, by rating on
Dec. 31 is as follows:

Rating 1994 1993

Aaa/AAA $ 9,708,047 $ 9,959,884
Aa/AA 242,914 258,659
Aa/A 119,952 160,638
A/A 2,567,947 2,021,177
A/BBB 725,755 654,949
Baa/BBB 3,849,188 3,936,366
Baa/BB 796,063 717,606
Below investment
grade 1,719,123 1,683,145
---------- ----------
$19,728,989 $19,392,424
========== ==========

At Dec. 31, 1994, 97 percent of the securities rated Aaa/AAA are
GNMA, FNMA and FHLMC mortgage-backed securities. No holdings of
any other issuer are greater than 1 percent of the Company's total
investments in fixed maturities.

<PAGE>
PAGE 100
2. Investments (continued)

At Dec. 31, 1994, approximately 10.9 percent of the Company's
invested assets were mortgage loans on real estate. Summaries of
mortgage loans by region of the United States and by type of real
estate at Dec. 31, 1994 and 1993 are as follows:

<TABLE>
<CAPTION>
Dec. 31, 1994 Dec. 31, 1993
On Balance Commitments On Balance Commitments
Region Sheet to Purchase Sheet to Purchase
<S> <C> <C> <C> <C>
East North Central $ 581,142 $ 62,291 $ 552,150 $ 20,933
West North Central 257,996 7,590 361,704 16,746
South Atlantic 597,896 63,010 452,679 52,440
Middle Atlantic 408,940 34,478 260,239 41,090
New England 209,867 23,087 155,214 17,620
Pacific 138,900 -- 120,378 15,492
West South Central 50,854 -- 43,948 525
East South Central 67,503 -- 73,748 --
Mountain 122,668 18,750 70,410 14,594
------- ------- ------- -------
2,435,766 209,206 2,090,470 179,440
Less allowance for losses 35,252 -- 35,020 --
------- ------- ------- -------
$2,400,514 $209,206 $2,055,450 $179,440
======= ======= ======= =======
<PAGE>
PAGE 101
2. Investments (continued)

Dec. 31, 1994 Dec. 31, 1993
On Balance Commitments On Balance Commitments
Property type Sheet to Purchase Sheet to Purchase

Apartments $ 904,012 $ 56,964 $ 744,788 $ 79,153
Department/retail stores 802,522 88,325 624,651 65,402
Office buildings 321,761 21,691 234,042 15,583
Industrial buildings 232,962 18,827 217,648 9,279
Nursing/retirement homes 89,304 4,649 83,768 917
Hotels/motels 32,666 -- 33,138 --
Medical buildings 36,490 15,651 30,429 5,954
Residential 20 -- 78 --
Other 16,029 3,099 121,928 3,152
------- ------- ------- -------
2,435,766 209,206 2,090,470 179,440
Less allowance for losses 35,252 -- 35,020 --
------- ------- ------- -------
$2,400,514 $209,206 $2,055,450 $179,440
======= ======= ======= =======
</TABLE>

Mortgage loan fundings are restricted by state insurance regulatory
authorities to 80 percent or less of the market value of the real
estate at the time of origination of the loan. The Company holds
the mortgage document, which gives the right to take possession of
the property if the borrower fails to perform according to the
terms of the agreement. The fair value of the mortgage loans is
determined by a discounted cash flow analysis using mortgage
interest rates currently offered for mortgages of similar
maturities. Commitments to purchase mortgages are made in the
ordinary course of business. The fair value of the mortgage
commitments is $nil.

3. Income taxes

The Company qualifies as a life insurance company for federal
income tax purposes. As such, the Company is subject to the
Internal Revenue Code provisions applicable to life insurance
companies.

Income tax expense consists of the following:

1994 1993 1992

Federal income taxes:
Current $186,508 $180,558 $130,998
Deferred (19,175) (44,237) (30,385)
------- ------- -------
167,333 136,321 100,613

State income
taxes-current 9,010 6,326 4,038
------- ------- -------
Income tax expense $176,343 $142,647 $104,651
======= ======= =======

Increases (decreases) to the federal tax provision applicable to
pretax income based on the statutory rate are attributable to:
<PAGE>
PAGE 102
3. Income taxes (continued)

<TABLE>
<CAPTION>
1994 1993 1992
Provision Rate Provision Rate Provision Rate
<S> <C> <C> <C> <C> <C> <C>
Federal income taxes based
on the statutory rate $179,379 35.0% $144,454 35.0% $107,379 34.0%
Increases (decreases)
are attributable to:
Tax-excluded interest
and dividend income (9,939) (2.0) (11,002) (2.7) (8,209) (2.6)
Other, net (2,107) (0.4) 2,869 0.7 1,443 0.4
------- --- ------- --- ------ ---
Federal income taxes $167,333 32.6% $136,321 33.0% $100,613 31.8%
====== === ====== === ====== ===
</TABLE>

A portion of life insurance company income earned prior to 1984 was
not subject to current taxation but was accumulated, for tax
purposes, in a "policyholders' surplus account." At Dec. 31, 1994,
the Company had a policyholders' surplus account balance of
$19,032. The policyholders' surplus account is only taxable if
dividends to the stockholder exceed the stockholder's surplus
account or if the Company is liquidated. Deferred income taxes of
$6,661 have not been established because no distributions of such
amounts are contemplated.

Significant components of the Company's deferred tax assets and
liabilities as of Dec. 31 are as follows:

1994 1993

Deferred tax assets:
Policy reserves $533,433 $453,436
Investments 116,736 --
Life insurance guarantee
fund assessment reserve 32,235 35,000
------- -------
Total deferred tax assets 682,404 488,436

Deferred tax liabilities:
Deferred policy acquisition costs 553,722 509,868
Investments -- 10,151
Other 4,621 12,037
------- -------
Total deferred tax
liabilities 558,343 532,056
------- -------
Net deferred tax assets
(liabilities) $124,061 $(43,620)
======= =======

The Company is required to establish a "valuation allowance" for
any portion of the deferred tax assets that management believes
will not be realized. In the opinion of management, it is more
likely than not that the Company will realize the benefit of the
deferred tax assets, and, therefore, no such valuation allowance
has been established.

<PAGE>
PAGE 103
4. Stockholder's equity

Retained earnings available for distribution as dividends to the
parent are limited to the Company's surplus as determined in
accordance with accounting practices prescribed by state insurance
regulatory authorities. Statutory unassigned surplus aggregated
$1,020,981 as of Dec. 31, 1994 and $922,246 as of Dec. 31, 1993
(see Note 3 with respect to the income tax effect of certain
distributions). In addition, any dividend distributions in 1995 in
excess of approximately $288,601 would require approval of the
Department of Commerce of the State of Minnesota.

Statutory net income for 1994, 1993 and 1992 and capital and
surplus as of Dec. 31, 1994, 1993 and 1992 are summarized as
follows:

1994 1993 1992

Statutory net income $ 294,699 $ 275,015 $180,296
Statutory capital
and surplus 1,261,958 1,157,022 714,942

Dividends paid to American Express Financial Corporation were
$165,000 in 1994, $25,000 in 1993 and $20,000 in 1992.

5. Related party transactions

The Company has loaned funds to American Express Financial
Corporation under three loan agreements. The balance of the first
loan was $40,000 and $75,000 at Dec. 31, 1994 and 1993,
respectively. This loan can be increased to a maximum of $75,000
and pays interest at a rate equal to the preceding month's
effective new money rate for the Company's permanent investments.
It is collateralized by equities valued at $110,034 at Dec. 31,
1994. The second loan was used to fund the construction of the IDS
Operations Center. This loan was paid off during 1994 and had an
outstanding balance of $84,588 at Dec. 31, 1993. The loan was
secured by a first lien on the IDS Operations Center property and
had an interest rate of 9.89 percent. The Company also had a loan
to an affiliate which was used to fund construction of the IDS
Learning Center. This loan was sold to the parent during 1994 and
the balance outstanding was $22,573 at Dec. 31, 1993. The loan was
secured by a first lien on the IDS Learning Center property and had
an interest rate of 9.82 percent. Interest income on the above
loans totaled $2,894, $11,116 and $10,711 in 1994, 1993 and 1992,
respectively.

The Company purchased a five year secured note from an affiliated
company which had an outstanding balance of $23,333 and $27,222 at
Dec. 31, 1994 and 1993, respectively. The note bears a fixed rate
of 8.42 percent. Interest income on the above note totaled $2,278,
$2,605 and $2,278 in 1994, 1993 and 1992, respectively.

The Company has a reinsurance agreement whereby it assumed 100
percent of a block of single premium life insurance business from
an affiliated company. The accompanying consolidated balance sheet
at Dec. 31, 1994 and 1993 includes $765,366 and $759,714,
respectively, of future policy benefits related to this agreement.
<PAGE>
PAGE 104
5. Related party transactions (continued)

The accompanying consolidated statement of income includes revenue
from policyholder charges of $8, $21 and $109, and expenses of
$6,912, $4,931 and $5,897 related to this agreement for 1994, 1993
and 1992, respectively.

The Company has a reinsurance agreement to cede 50 percent of its
long-term care insurance business to an affiliated company. The
accompanying consolidated balance sheet at Dec. 31, 1994 and 1993
includes $65,123 and $44,086, respectively, of reinsurance
receivables related to this agreement. Premiums ceded amounted to
$20,360, $16,230 and $12,499 and reinsurance recovered from
reinsurers amounted to $62, $404 and $250 for the years ended Dec.
31, 1994, 1993 and 1992, respectively.

The Company participates in the retirement plan of American Express
Financial Corporation which covers all permanent employees age 21
and over who have met certain employment requirements. The
benefits are based on years of service and the employee's monthly
average of basic annual salary rates in effect on January 1 or such
other date at determined by American Express Financial Corporation
of the highest five consecutive annual salaries of the last 10
years. American Express Financial Corporation's policy is to fund
retirement plan costs accrued subject to ERISA and federal income
tax considerations. The Company's share of the total net periodic
pension cost was $nil in 1994, 1993 and 1992.

The Company also participates in defined contribution pension plans
of American Express Financial Corporation which cover all employees
who have met certain employment requirements. Company
contributions to the plans are a percent of either each employee's
eligible compensation or basic contributions. Costs of these plans
charged to operations in 1994, 1993 and 1992 were $957, $2,008 and
$1,826, respectively.

The Company participates in defined benefit health care plans of
American Express Financial Corporation that provide health care and
life insurance benefits to retired employees and retired financial
advisors. The plans include participant contributions and service
related eligibility requirements. Upon retirement, such employees
are considered to have been employees of American Express Financial
Corporation. American Express Financial Corporation expenses these
benefits and allocates the expenses to its subsidiaries.
Accordingly, costs of such benefits to the Company are included in
employee compensation and benefits and cannot be identified on a
separate company basis. At Dec. 31, 1994, the total accumulated
post retirement benefit obligation, determined in accordance with
SFAS 106 and based on an assumed interest rate of 8.75 percent and
a health care cost trend rate of 7 percent, has been recorded as a
liability by American Express Financial Corporation.

Charges by American Express Financial Corporation for use of joint
facilities, marketing services and other services aggregated
$335,183, $243,346 and $204,675 for 1994, 1993 and 1992,
respectively. Certain of these costs are included in deferred
<PAGE>
PAGE 105
5. Related party transactions (continued)

policy acquisition costs. In addition, the Company rents its home
office space from American Express Financial Corporation on an
annual renewable basis. Such rentals aggregated $965, $4,513 and
$4,074 for 1994, 1993 and 1992, respectively.

6. Commitments and contingencies

At Dec. 31, 1994 and 1993, traditional life insurance and universal
life-type insurance in force aggregated $52,666,567 and
$46,125,515, respectively, of which $3,246,608 and $3,038,426 were
reinsured at the respective year ends. The Company also reinsures
a portion of the risks assumed under disability income policies.
Under the agreements, premiums ceded to reinsurers amounted to
$29,489, $28,276 and $24,222 and reinsurance recovered from
reinsurers amounted to $5,505, $3,345 and $6,766 for the years
ended Dec. 31, 1994, 1993 and 1992.

Reinsurance contracts do not relieve the Company from its primary
obligation to policyholders.

The Company is a defendant in various lawsuits, none of which, in
the opinion of the Company counsel, will result in a material
liability.

The Company settled all remaining IRS audit issues for the tax
years 1984 through 1986 in September of 1994. There was no
material impact as a result of this audit. Also, the IRS is
currently auditing the Company's 1987 through 1989 tax years.
Management does not believe there will be a material impact as a
result of this audit.

7. Lines of credit

The Company has available lines of credit with three banks
aggregating $100,000 at 40 to 80 basis points over the banks' cost
of funds or equal to the prime rate, depending on which line of
credit agreement is used. Borrowings outstanding under these
agreements were $nil and $1,519 at Dec. 31, 1994 and 1993,
respectively.

8. Derivative financial instruments

The Company enters into transactions involving derivative
financial instruments to manage its exposure to interest rate risk,
including hedging specific transactions. The Company manages risks
associated with these instruments as described below. The Company
does not hold derivative instruments for trading purposes.

Market risk is the possibility that the value of the derivative
financial instruments will change due to fluctuations in a factor
from which the instrument derives its value, primarily an interest
rate. The Company is not impacted by market risk related to
derivatives held for non-trading purposes beyond that inherent in
cash market transactions. Derivatives held for purposes other than
trading are largely used to manage risk and, therefore, the cash
flow and income effects of the derivatives are inverse to the
effects of the underlying transactions.<PAGE>
PAGE 106
8. Derivative financial instruments (continued)

Credit risk is the possibility that the counterparty will not
fulfill the terms of the contract. The Company monitors credit
exposure related to derivative financial instruments through
established approval procedures, including setting concentration
limits by counterparty and industry, and requiring collateral,
where appropriate. A vast majority of the Company's counterparties
are rated A or better by Moody's and Standard & Poor's.

The notional or contract amount of a derivative financial
instrument is generally used to calculate the cash flows that are
received or paid over the life of the agreement. Notional amounts
are not recorded on the balance sheet. Notional amounts far exceed
the related credit exposure.

Credit exposure related to interest rate caps is measured by the
replacement cost of the contracts. The replacement cost
represents the fair value of the instruments. Financial futures
contracts are settled in cash daily.

<TABLE>
<CAPTION>
Notional Carrying Total Credit
Assets Amount Value Fair Value Exposure
<S> <C> <C> <C> <C>
Financial futures contracts $ 159,800 $ 2,072 $ 2,072 $ -
Interest rate caps 4,400,000 29,054 42,365 42,365
------- ----- ----- -----
$4,559,800 $31,126 $44,437 $42,365
======= ===== ===== =====
</TABLE>

The fair values of derivative financial instruments are based on
market values, dealer quotes or pricing models. The financial
futures contracts expire in 1995. The interest rate caps expire on
various dates from 1995 to 1999.

Financial futures contracts and interest rate caps are used
principally to manage the Company's exposure to rising interest
rates. These instruments are used primarily to protect the margin
between interest rate earned on investments and the interest rate
credited to related annuity contract holders.

Changes in the fair value of financial futures contracts are
accounted for as adjustments to the carrying amount of the hedged
investments and amortized over the remaining lives of such
investments. The cost of interest rate caps is amortized to
interest expense over the life of the contracts and payments
received as a result of these agreements are recorded as a
reduction of interest expense when realized. The amortized cost of
interest rate cap contracts is included in other investments.

9. Fair values of financial instruments

The Company is required to disclose fair value information for most
on- and off-balance sheet financial instruments for which it is
practical to estimate that value. Certain financial instruments
such as life insurance obligations, receivables and all
non-financial instruments, such as deferred acquisition costs are
<PAGE>
PAGE 107
9. Fair values of financial instruments (continued)

excluded from required disclosure. Off-balance sheet intangible
assets, such as the value of the field force, are also excluded.
Management believes the value of excluded assets is significant.
The fair value of the Company, therefore, cannot be estimated by
aggregating the amounts presented.

<TABLE>
<CAPTION>
1994 1993

Carrying Fair Carrying Fair
Financial Assets Value Value Value Value
<S> <C> <C> <C> <C>
Investments:
Fixed maturities (Note 2):
Held to maturity $11,269,861 $10,694,800 $ -- $ --
Available for sale 8,017,555 8,017,555 -- --
Investment securities -- -- 19,392,424 20,425,979
Mortgage loans on
real estate (Note 2) 2,400,514 2,342,520 2,055,450 2,125,686
Other:
Equity securities (Note 2) 1,906 1,906 1,900 1,900
Derivative financial
instruments (Note 8) 31,126 44,437 26,923 14,201
Cash and cash equivalents
(Note 1) 267,774 267,774 146,281 146,281
Assets held in segregated
asset accounts (Note 1) 10,881,235 10,881,235 8,991,694 8,991,694

Financial Liabilities
Future policy benefits
for fixed annuities 18,325,870 17,651,897 17,519,876 16,881,747
Liabilities related to
segregated asset accounts 10,398,861 9,943,672 8,645,418 8,305,209

</TABLE>

At Dec. 31, 1994 and 1993, the carrying amount and fair value of
future policy benefits for fixed annuities exclude life
insurance-related contracts carried at $971,897 and $913,127,
respectively, and policy loans of $64,212 and $59,132,
respectively. The fair value of these benefits is based on the
status of the annuities at Dec. 31, 1994 and 1993. The fair value
of deferred annuities is estimated as the carrying amount less any
applicable surrender charges and related loans. The fair value for
annuities in non-life contingent payout status is estimated as the
present value of projected benefit payments at the rate appropriate
for contracts issued in 1994 and 1993.

At Dec. 31, 1994 and 1993 the fair value of liabilities related to
segregated asset accounts is estimated as the carrying amount less
variable insurance contracts carried at $482,374 and $346,276,
respectively, and surrender charges, if applicable.

10. Segment information

The Company's operations consist of two business segments; first,
individual and group life insurance, disability income, health and
long-term care insurance, and second, annuity products designed for
individuals, pension plans, small businesses and employer-sponsored
groups. The consolidated statement of income for the years ended
Dec. 31, 1994, 1993 and 1992 and total assets at Dec. 31, 1994,
1993 and 1992 by segment are summarized as follows:
<PAGE>
PAGE 108
<TABLE>
<CAPTION>
1994 1993 1992
<S> <C> <C> <C>
Net investment income:
Life, disability income,
health and long-term
care insurance $ 247,047 $ 250,224 $ 246,676
Annuities 1,534,826 1,532,995 1,370,145
--------- --------- ---------
$1,781,873 $1,783,219 $1,616,821
========= ========= =========
Premiums, charges and fees:
Life, disability income,
health and long-term
care insurance $335,375 $281,284 $250,386
Annuities 193,370 143,876 104,952
------- ------- -------
$528,745 $425,160 $355,338
======= ======= =======

Income before income taxes:
Life, disability income,
health and long-term
care insurance $122,677 $104,127 $ 96,215
Annuities 394,117 315,336 223,316
Net loss
on investments (4,282) (6,737) (3,710)
------- ------- -------
$512,512 $412,726 $315,821
======= ======= =======

Total assets:
Life, disability income,
health and long-term
care insurance $ 5,269,188 $ 4,810,145 $ 4,093,778
Annuities 30,478,355 28,247,608 23,201,995
---------- ---------- ----------
$35,747,543 $33,057,753 $27,295,773
========== ========== ==========
</TABLE>

Allocations of net investment income and certain general expenses
are based on various assumptions and estimates.

Assets are not individually identifiable by segment and have been
allocated principally based on the amount of future policy benefits
by segment.

Capital expenditures and depreciation expense are not material, and
consequently, are not reported.
<PAGE>
PAGE 109
Report of Independent Auditors
The Board of Directors
IDS Life Insurance Company

We have audited the accompanying consolidated balance sheets of IDS
Life Insurance Company (a wholly owned subsidiary of American
Express Financial Corporation) as of December 31, 1994 and 1993 and
the related consolidated statements of income and cash flows for
each of the three years in the period ended December 31, 1994.
These financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these
financial statements based on our audits.

We conducted our audits in accordance with generally accepted
auditing standards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to
above present fairly, in all material respects, the consolidated
financial position of IDS Life Insurance Company at December 31,
1994 and 1993, and the consolidated results of its operations and
its cash flows for each of the three years in the period ended
December 31, 1994, in conformity with generally accepted accounting
principles.

As discussed in Note 1 to the consolidated financial statements,
the Company changes its method of accounting for certain
investments in debt and equity securities in 1994.

Ernst & Young LLP

Minneapolis, Minnesota
February 3, 1995
<PAGE>
PAGE 110

PART II

UNDERTAKINGS TO FILE REPORTS

Subject to the terms and conditions of Section 15(d) of the
Securities Exchange Act of 1934, the undersigned registrant hereby
undertakes to file with the Securities and Exchange Commission such
supplementary and periodic information, documents, and reports as
may be prescribed by any rule or regulation of the Commission
hereto or hereafter duly adopted pursuant to authority conferred in
that section.

RULE 484 UNDERTAKING

The By-Laws of IDS Life Insurance Company provide that:

The Corporation shall indemnify any person who was or is a party or
is threatened to be made a party, by reason of the fact that he is
or was a Manager of Variable Annuity Funds A and B, director,
officer, employee or agent of this Corporation, or is or was
serving at the direction of the Corporation as a Manager of
Variable Annuity Funds A and B, director, officer, employee or
agent of another corporation, partnership, joint venture, trust or
other enterprise, to any threatened, pending or completed action,
suit or proceeding, wherever brought, to the fullest extent
permitted by the laws of the State of Minnesota, as now existing or
hereafter amended, provided that this Article shall not indemnify
or protect any such Manager of Variable Annuity Funds A and B,
director, officer, employee or agent against any liability to the
Corporation or its security holders to which he would otherwise be
subject by reason of willful misfeasance, bad faith, or gross
negligence, in the performance of his duties or by reason of his
reckless disregard of his obligations and duties.

Insofar as indemnification for liability arising under the
Securities Act of 1933 may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in
the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act
and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by
the registrant of expenses incurred or paid by a director, officer
or controlling person of the registrant in the successful defense
of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities
being registered, the registrant will, unless in the opinion of its
counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in
the Act and will be governed by the final adjudication of such
issue.
<PAGE>
PAGE 111
REPRESENTATIONS PURSUANT TO RULE 6e-3(T)

This filing is made pursuant to Rule 6c-3 and 6e-3(T) under the
Investment Company Act of 1940. Registrant elects to be governed
by Rule 6e-3(T)(b)(13)(i)(A).

Registrant makes the following representations:

(1) Section 6e-3(T)(b)(13)(ii)(F) has been relied upon.

(2) The level of the Mortality and Expense Risk Charge is within
the range of industry practice for comparable flexible premium
survivorship variable life insurance policies. The
methodology used to support this representation is based on an
analysis of other policies registered under the Securities Act
of 1933, including the level of other expense charges, and
uncertainties in terms of expense and mortality factors.
Registrant undertakes to keep and make available to the
Commission upon request the documents used to support this
representation.

(3) Registrant has concluded that there is a reasonable likelihood
that the distribution financing arrangement of the Separate
Accounts comprising the Registrant will benefit the Separate
Accounts and Owners and the Registrant will keep and make
available to the Commission on request a memorandum setting
forth the basis for this representation.

(4) The Separate Accounts comprising the Registrant will invest
only in management investment companies which have undertaken
to have a board of directors, a majority of whom are not
interested persons of the company, formulate and approve any
plan under Rule 12b-1 to finance distribution expenses.

CONTENTS OF THE REGISTRATION STATEMENT

This Registration Statement comprises the following papers and
documents:

The facing sheet.

The prospectus consisting of 52 pages.

The undertaking to file reports.

Rule 484 undertaking.

Representations pursuant to Rule 6e-3(T)

The signatures.

The following exhibits:

1. A. Copies of all exhibits required by paragraph A of
instructions for Exhibits in Form N-8B-2 to the
Registration Statement.
<PAGE>
PAGE 112
(1) (a) Resolution of Board of Directors of IDS Life
Insurance Company establishing the Trust, adopted
May 9, 1985.*

(b) Resolution of Board of Directors of IDS Life
Insurance Company reconstituting the Trust,
adopted October 16, 1985.*

(c) Resolution of Board of Directors of IDS Life
Insurance Company reconstituting the Trust
adopted August 5, 1994 is filed electronically
herewith.

(2) Not applicable.

(3) (a) Not applicable.

(b) (1) Form of Division Vice President's
Employment Agreement dated November 1991.*

(2) Form of District Manager's Rider to IDS
Life Insurance Company, Personal Financial
Planner's Agreement dated November 1986.*

(3) Form of Personal Financial Planner's
Agreement dated November 1986.*

(4) Not applicable.

(5) Flexible Premium Survivorship Variable Life
Insurance Policy is filed electronically herewith.

(6) (a) Certificate of Incorporation of IDS Life
Insurance Company, dated July 23, 1957.*

(b) Amended By-Laws of IDS Life Insurance Company.*

(7) Not applicable.

(8) (a) Form of Investment Management and Services
Agreement dated December 17, 1985, between IDS
Life and IDS Life Series Fund, Inc.*

(b) Form of Investment Advisory Agreement dated
July 11, 1984, between IDS Life and IDS
Financial Services Inc. relating to the
Variable Account.*

(d) Addendum to Investment Advisory Agreement is
filed electronically herewith.<PAGE>
PAGE 103
(9) None.

(10) Application form for the Flexible Premium
Survivorship Variable Life Insurance Policy is filed
electronically herewith.

B. (1) Not applicable.

(2) Not applicable.

C. Not applicable.

2. Opinion of Counsel and consent to its use as to the legality
of the securities registered.*

3. No financial statement will be omitted from the prospectus
pursuant to Instruction 1(b) or (c) of Part I.

4. Not applicable.

5. Financial Data Schedules are filed electronically herewith.
- IDS Life Insurance Company
- IDS Life Variable Life Separate Account

6. Actuarial Opinion in support of the 1.25% federal tax charge.*

7. Opinion of James M. Jensen, F.S.A., M.A.A.A., is filed
electronically herewith.

8. Written consent of James M. Jensen, F.S.A., M.A.A.A. is filed
electronically herewith.

9. Written consent of Ernst & Young LLP is filed electronically
herewith.

10. Directors' Power of Attorney dated February 28, 1995.*

11. IDS Life Insurance Company's Description of Transfer and
Redemption Procedures and Method of Conversion to Fixed
Benefit Policies is filed electronically herewith.

*Filed as an Exhibit to the original Registration Statement to form
S-6 and is herein incorporated by reference.<PAGE>
PAGE 104
POWER OF ATTORNEY

Each person whose signature appears in the Registration Statement
thereby constitutes and appoints William A. Stoltzmann, Colleen
Curran and Mary Ellyn Minenko, and each of them, his or her true
and lawful attorneys-in-fact and agents, with full power of
substitution, for him or her and in his or her name, place and
stead, in any and all capacities, to sign any or all amendments to
this Registration Statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with
the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and
authority to do and perform each and every act and thing requisite
and necessary to be done in connection therewith, as fully to all
intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and
agents, or any of them or their or his or her substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
<PAGE>
PAGE 105
SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, IDS Life Insurance Company, on
behalf of the Registrant, has duly caused this Registration
Statement to be signed on behalf of the Registrant by the
undersigned, thereunto duly authorized, in this City of
Minneapolis, and State of Minnesota on the 21st day of September,
1995.

IDS Life Variable Life Separate Account
(Registrant)

By IDS Life Insurance Company
(Sponsor)

By/s/ Richard W. Kling*
Richard W. Kling

By:
Mary Ellyn Minenko

Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following Officers
and Directors of IDS Life Insurance Company in the capacities
indicated on the 21st day of Setpember, 1995:

Signature Title

/s/ James A. Mitchell* Chairman of the Board
James A. Mitchell and Chief Executive
Officer

/s/ Richard W. Kling* Director and President
Richard W. Kling

/s/ Louis C. Fornetti* Director
Louis C. Fornetti

/s/ David R. Hubers* Director
David R. Hubers

/s/ Paul F. Kolkman* Director and Executive Vice
Paul F. Kolkman President

/s/ Peter A. Lefferts* Director and Executive Vice
Peter A. Lefferts President, Marketing
<PAGE>
PAGE 106
Signature Title

/s/ Janis E. Miller* Director and Executive Vice
Janis E. Miller President, Variable Assets

/s/ Barry J. Murphy* Director and Executive Vice
Barry J. Murphy President, Client Service

/s/ Stuart A. Sedlacek* Director and Executive Vice
Stuart A. Sedlacek President, Assured Assets

/s/ Melinda S. Urion* Director, Executive Vice
Melinda S. Urion President and Controller

*Signed pursuant to Power of Attorney dated February 28, 1995,
filed electronically as Exhibit No. 10 to the original Registration
Statement.

By:

Mary Ellyn Minenko

<PAGE>
PAGE 1
IDS LIFE VARIABLE LIFE SEPARATE ACCOUNT
Registration Number 811-4298

EXHIBIT INDEX

Exhibit A1(c) Resolution of Board of Directors of IDS Life.

Exhibit A3(c) Schedule of Sales Commissions.

Exhibit A5 Flexible Premium Survivorship Variable Life
Insurance Policy.

Exhibit A8(c) Addendum to Investment Management and Services
Agreement.

Exhibit A8(d) Addendum to Investment Advisory Agreement.

Exhibit A10 Application form for the Flexible Premium
Survivorship Variable Life Insurance Policy.

Exhibit 5 Financial Data Schedule.

Exhibit 7 Opinion of James M. Jensen, F.S.A., M.A.A.A.

Exhibit 8 Written consent of James M. Jensen, F.S.A., M.A.A.A.

Exhibit 9 Written consent of Ernst & Young LLP.

Exhibit 11 IDS Life Insurance Company's Description of Transfer
and Redemption Procedures and Method of Conversion
to Fixed Benefit Policies.

<PAGE>
PAGE 1

TO THE SECRETARY OF
IDS LIFE INSURANCE COMPANY

At the Meeting of the Board of Directors of IDS Life Insurance
Company held on October 16th, 1985, the Board of Directors:

RESOLVED, That IDS Life Variable Life Separate Account,
comprised of five subaccounts, is hereby established as a
separate account in accordance with Section 61A.14 Minnesota
Statutes;...

RESOLVED FURTHER, That the proper officers of the Corporation
are hereby authorized and directed to establish such
additional subaccounts in the future as they determine
appropriate...

As President of IDS Life Insurance Company, I hereby establish, in
accordance with the above resolutions and pursuant to authority
granted by the Board of Directors of IDS Life Insurance Company,
the following additional subaccount within the separate account:

The FIT subaccount, to invest in shares of the International
Equity Portfolio of IDS Life Series Fund, Inc.

In accordance with the above resolutions and pursuant to authority
granted by the Board of Directors of IDS Life Insurance Company,
the Unit Investment Trust comprised of IDS Life Variable Life
Separate Account and consisting of five subaccounts, is hereby
reconstituted to consist of six subaccounts.

Received by the Secretary

/s/ R.W. Kling August 5 , 1994
Richard W. Kling

/s/ William A. Stoltzmann
William A. Stoltzmann

<PAGE>
PAGE 1
Commission and production schedules

Life Insurance
<TABLE><CAPTION>
Variable Second-to-Die Life Insurance (V2D)

Star Quest X
Persistency Standard 87%

Variable(s) Commission Production

Percent of Percent of Premiums paid
premium up to premium paid in in excess of
Category Target excess of Target Target X factor Target X factor
<S> <C> <C> <C> <C>
All ages 50% 2.0% 28 1.1

Variable(s) Client Service Commissions

Year Commission per $1,000 market value of the
average quarterly cash value** (less loans)

1+ $1.25*

* Paid quarterly (i.e., $.3125 per $1,000 each quarter). Quarterly service fee is paid when the
quarterly client consolidated statement is printed.
**Average quarterly cash value (less loans) is calculated by taking the market value of the cash
value from the previous and current quarter's consolidated statement and dividing by two.
</TABLE>

New Business Commissions

Credited to the selling advisor(s) with weighted production up to
the target premium. Credited to the servicing advisor(s) on
payments made in excess of the target premium.

Client Service Commissions

Client Service Commissions are credited to the servicing advisor(s)
on the market value of the cash value.

Example(s):

a. If the target premium is $8,000 and the entire amount has been
paid, commissions and weighted production would be calculated
as follows:

Commissions Production
$8,000 x 50% = $4,000 $8,000 x 28 = 224,000
<PAGE>
PAGE 2
b. If the target premium is $8,000 and a $10,000 premium is
applied, commissions and weighted production would be
calculated as follows:

Commissions Production
Target: $8,000 x 50% = $4,000 $8,000 x 28 = 224,000
Excess: $2,000 x 2% = 40 $2,000 x 1.1 = 2,200
$4,040 $226,200

c. If the selling advisor in Examples a. and b. is a second-year
advisor in his or her 45th service period, Supplemental
Commissions would be calculated as follows (assumes the
advisor is meeting PVS and FPR):
<TABLE><CAPTION>
Supplemental Commissions
<S> <C>
$4,040 (commissions earned) x 15% (Supplemental rate) = $606

Total commissions earned
$4,040 (commissions earned) x $606 (Supplemental Commissions) = $4,646
</TABLE>
V2D Life Insurance Guidelines

1. Annualization

a. What are the criteria for annualization?

Commissions will annualize if accounts are submitted with
money and set up with a bank authorization (BA), group
billing, special payment option (SPO) from Cash
Management or Tax-Free Money Fund, military allotment
(MA) or payroll deduction. Annualized commissions are
not credited on payroll deductions for American Express
financial advisors or corporate office employees.

b. How is the compensation base determined?

Annualized commissions are based on the lesser of the
target premium or the systematic payment times frequency
up to a maximum of $1,500. (Exception: If a group bill
is set up as a percent of the client's total group bill,
annualized commissions will be calculated based on the
lesser of the target premium or $1,500.)

c. When does it annualize?

Annualized commissions will be credited when the policy
is submitted with money and the systematic billing is set
up. (Exceptions: MAs will annualize without submitted
money. SPOs are set up when the policy is issued;
therefore, annualized commissions are not credited until
the policy is issued.) Commissions will also annualize
up to the target premium if the systematic billing is set
up in the first contract year before the target premium
is met.

d. What is the maximum annualized compensation?

Annualized commissions are limited to $1,500 per account.<PAGE>
PAGE 3
e. What causes adjustments?

If payments decrease, the annualized commissions will be
adjusted. If payments increase, the time required to
reduce the amount of unearned annualized commissions will
decrease. If the systematic payment is stopped, all
unearned annualized commissions will be reversed. If the
policy lapses or is surrendered, the advisor will lose
all unearned annualized commissions and weighted
production.

2. Compensation timing

Compensation is credited after business is processed.
<TABLE><CAPTION>
<S> <C>
New business: Up to two business days for new business entries
Two to 60 business days for underwriting, depending on underwriting requirements
Up to five business days after underwriting to issue the policy

1035 exchanges: 60 business days or until the money is received from the other company

Policy changes: Fourteen calendar days or up to 60 calendar days, depending on underwriting requirements. IDS
Life credits compensation only after the policy change is completed and money is applied to the
account.

Surrenders: Four business days

Death claims: Seven calendar days
</TABLE>
IDS Life will pay a maximum of $1,500 in commissions on
submitted business. If additional commissions are due, they
will be credited once the policy is in force. The maximum
annualized commission of $1,500 still applies. If additional
commissions are due, they will be credited once the $1,500 in
annualized commissions is earned and then subsequent
commissions are credited as each premium is applied to the
account. (Exception: Submitted business commissions will not
be paid on personal purchases and sales to relatives; however,
full compensation will be credited once the policy is in
force.)

IDS Life credits compensation on permanent ratings only after
the policy is in force. The company does not credit
compensation on temporary ratings or aviation riders.

If the client is 76 years old or older, the face amount of
policy is more than $1 million, or if it is COD business,
commissions, and weighted production will not be credited
until the policy is issued. The weighted production is
effective on the date the policy is received in the corporate
office.

Weighted production on the initial sale is effective on the
date the policy is received in the corporate office. For
payments in excess of the target premium, weighted production
is effective on the accounting date of the increase or older
addition, it is not backdated to the date the corporate office
received the policy change.
<PAGE>
PAGE 4
3. Exit/purchase transactions

Exit/purchase transaction rules apply only when an IDS Life or
IDS Life of New York traditional life, LP+ or Universal Life
policy is surrendered or lapses and another Universal Life
policy(ies) is purchased. When this occurs and the final
premium due date of the lapsed or surrendered policy is six
months before or one year after the corporate office receipt
date of the new policy, compensation will be adjusted. If a
new policy replaces an existing policy(ies) that was in force
less than nine years, the adjustment will consist of deducting
earned GAP, MFYAP or target premium compensation previously
paid on the old policy(ies) from compensation payable on the
new policy. The amount of first-year compensation recovered
will be based on the table below. Full compensation will be
given on the new policy in Year 2 and after.

Age of old policy Percent of first-year commission
(years) of old policy to be recovered

1-4 100%
5 80
6 60
7 40
8 20
9+ 0

A $50 conservation fee is credited on changes to V2D Life from
V2D Life, Universal Life, Whole Life, Term Life, Single Pay
Life and LP+ when the adjusted commissions are less than $50.

Cash-value rollovers from life insurance policies to UL or LP+
policies pay compensation on the rollover premium dollars up
to the target premium. Compensation is not credited on loans
or partial surrenders used to pay premiums on another policy.
No Excess Commissions are paid on Cash-value rollovers.

For example, assume that the old policy had an issue date of
Jan. 1, 1987, and produced $100 in commissions. The new
policy has an issue date of June 1, 1994, and also produces
$100 in commissions. Since the old policy was in its eighth
year when it was replaced, commissions paid would equal $80
($100 - [$100 x .20%]) and weighted production would be
credited in the same proportions.

4. License(s) required

An advisor must have a life insurance license for the state in
which the application was signed for new business
compensation. For Variable Second-to-Die Life, an advisor
must also have a Series 6 or 7 license. In addition, some,
but not all states require a Variable Life Insurance license
and either a Variable Annuity license or a Variable Contracts
license. After the account is open, the advisor must hold the
appropriate license(s) in the client's resident state to
receive compensation.
<PAGE>
PAGE 5
5. Persistency

Only weighted production generated on the client's target
premium will be measured for Star Quest persistency. The
persistency standard for Variable Second-to-Die Life products
sold is 87%. If the persistency ratio falls below this
standard (see Section 3, Incentive and award programs), all
Variable Second-to-Die Life production for the previous year
will be subtracted from the current year's production when
calculating allocations to Star Quest.

6. Advisor/relative purchases

No special rates are available for advisors or their relatives
on these products; therefore, full compensation is credited on
these sales only after the policy is in force. Annualized
commissions will be credited when the policy is issued if the
account is set up on a systematic payment arrangement, except
for payroll deductions for American Express financial advisors
and corporate office employees.

7. Reversals

On applications that are withdrawn, declined or not taken, or
if all requirements are not received in the corporate office
within the allotted time, commissions and weighted production
will be reversed. IDS Life does not credit further
compensation until the policy is re-opened, all requirements
are received in the corporate office and the policy is placed
in force. If the policy lapses or is surrendered, the advisor
will lose any unearned commissions, all target premium
production up to 26 months from the sale date, and all add-on
production for the previous 14 months. Ten-day free looks and
cancellations will result in a full reversal of both
commissions and weighted production. In the case of a death
claim, the advisor will lose all unearned annualized
commissions. Weighted production will be reversed as of the
sale effective date.

8. Supplemental Commissions

For first-, second- and third-year advisors, Supplemental
Commissions will be credited at the following rates:
<TABLE><CAPTION>
Service year Service period Highly fronted, some deferred*
<S> <C> <C>
1 1 - 26 35%
2 27 - 39 25
2 40 - 52 15
3 53 - 78 10
</TABLE>
*These rates are a percentage of New Business Commissions.

Supplemental Commissions are credited based on the rate in
effect at the time the business was submitted and the first
payment was received. For instance, if you submit business
while you are a first-year advisor but it is not issued until
you reach your second year, you will receive Supplemental
Commissions at the first-year rate.<PAGE>
PAGE 6

Supplemental Commissions are credited when the policy is in
force; they are not credited on submitted business. For more
information about Supplemental Commissions, refer to Section
2, Compensation plan descriptions.

<PAGE>
PAGE 1
AMERICAN EXPRESS
FINANCIAL ADVISORS

IDS Life Insurance Company
IDS Tower 10
Minneapolis, Minnesota 55440

Flexible Premium Survivorship Variable Life Insurance Policy

- Death benefit payable at last surviving insured's death.
- Flexible premiums payable as provided herein.
- Death Benefit Guarantees as described herein.
- This policy is nonparticipating. Dividends are not payable.

Insureds: (John Doe) (Jane Doe)
Policy Date: (January 15, 1995)
Policy Number: (9090-1234,567)
Initial Specified Amount: $(250,000)

This is a life insurance policy. It is a legal contract between
you, as the owner, and us, IDS Life Insurance Company, A Stock
Company. Please read your policy carefully.

In consideration of your application and payment of the initial
premium, we issue this policy and we promise to pay the proceeds
described in this policy to the beneficiary if we receive proof
satisfactory to us that the last surviving insured died while this
policy was in force. (See "Death Benefits" on page 11.)

The owner and beneficiary are as named in the application unless
they are changed as provided in this policy.

The amount and duration of the death benefit of this policy may
increase or decrease as described herein depending on the
investment experience of the subaccounts.

The policy value of this policy may increase or decrease daily
depending on the investment experience of the subaccounts. There
is no guaranteed minimum policy value.

Notice of your right to examine this policy. If for any reason you
are not satisfied with thls policy, return it to us or our
representative by the latest of the:
a) 10th day after you receive it; or
b) 10th day after we mail or personally deliver to you a written
Notice of Withdrawal Right; or
c) 45th day after the application is signed.

We will then cancel this policy and refund all premiums that you
have paid. This policy will then be considered void from its start.
<PAGE>
PAGE 2
Signed for and issued by IDS Life Insurance Company in Minneapolis,
Minnesota, as of the policy date shown above.

President:

/s/ Richard W. Kling

Secretary:

/s/ William A. Stoltzmann<PAGE>
PAGE 3
<TABLE><CAPTION>
Guide to Policy Provisions
<S> <C>
Policy Data Important Policy Data Information/Page 3

Definitions Important words and meanings/Page 4

Insurance Contract Entire contract; Incontestability; Suicide
provision; Policy exchange; Misstatement
of age or sex; Termination/Page 5

Owner and Beneficiary Owner's rights; Change of ownership;
Beneficiary designation; Change of
beneficiary; Assignment/Page 7

Premiums Payment of premiums; Premium allocations;
Grace period; Death benefit guarantees;
Reinstatement/Page 8

Death Benefits Death benefit options 1 and 2/Page 11

Policy Change Changes to the specified amount or death
benefit options/Page 12

Policy Values The policy's value and how it is
determined; Monthly deduction; Cost of
insurance; Continuation of insurance;
Basis of policy values/Page 13

Policy Loans How to request a loan; Interest rate;
Amount of loan; Loan repayment/Page 15

Policy Surrender Cash surrender value; Full and partial
surrenders/Page 17

Subaccounts The subaccounts; Net investment factor;
Deductions from the subaccounts; Transfer
of values/Page 18

Payment of Policy Proceeds How the proceeds are paid; Payment
options/Page 20
/TABLE
<PAGE>
PAGE 4
Policy Data

Insureds Issue Age Risk Classifications
John Doe 35 (Male Standard Nonsmoker)
Jane Doe 35 (Female Standard Nonsmoker)

Policy Number: 9090-(1234,567)

Type of Policy: Flexible Premium Survivorship
Variable Life

Initial Specified Amount: $(250,000)

Minimum Specified Amount: $(250,000)

Initial Death Benefit Option: (Option 1)

Guaranteed Interest Rate: 4% per year

Guaranteed Interest Rate Factor: 1.0032737

Current Loan Interest Rate:
First policy year: 6% per year
All other policy years: 4% per year

Guaranteed Loan Interest Rate: 6% per year

Policy Date: (January 15, 1995)

Monthly Date: (15)

Initial Premium: $(2413.60)

Scheduled Premium: $(2413.60 per year payable
annually)

Minimum Initial Premium: $(88.01) per month

Minimum Initial Premium Period: (3) years

Death Benefit Guarantee
to age 85 premium: $(120.68 per month)

Death Benefit Guarantee
to age 100 premium: $(181.02 per month)

Premium Expense Charge: 11% of all premium payments

Policy Fee: $30 per month for first 15
policy years

Partial Surrender Fee: ($25.00 or 2% of amount
surrendered, whichever is less)
<PAGE>
PAGE 5
Table of Surrender Charges

Policy Year Beginning of year End of year

1 - 5 $1000.00 $1000.00
6 1000.00 900.00
7 900.00 800.00
8 800.00 700.00
9 700.00 600.00
10 600.00 500.00
11 500.00 400.00
12 400.00 300.00
13 300.00 200.00
14 200.00 100.00
15 100.00 0.00

This table applies to the initial specified amount for the first 15
policy years. After year 5, surrender charges decrease monthly.

Coverage will expire when the policy values are insufficient to pay
the charges assessed on a monthly anniversary. Because the policy
values may be based on the investment results of the subaccounts,
the payment of scheduled premiums or unscheduled premiums in any
amount or frequency will not guarantee that the policy will remain
in force unless the premiums needed to keep the Death Benefit
Guarantee to age 85 or the Death Benefit Guarantee to age 100 in
effect have been paid.

Investment Options Initial Premium Allocations
IDS Life Fixed Account 0.000%
IDS Life Variable Life Separate Account

Subaccounts that invest in portfolios
("the Portfolios") of the
IDS Life Series Fund, Inc.:

U Equity Portfolio 70.000%
V Income Portfolio 15.000%
W Money Market Portfolio 0.000%
X Managed Portfolio 15.000%
Y Government Securities Portfolio 0.000%
IL International Equity Portfolio 0.000%

<TABLE><CAPTION>
Schedule of Benefits and Riders
Annual
Effective Date Expiration Date Cost of Insurance
<S> <C> <C> <C>
Flexible Premium
Survivorship Variable Life (January 15, 1995) See policy form See policy form

Four-Year Term (January 15, 1995) (January 15, 1999) See rider form
Insurance Rider
Amount of
Insurance: ($305,000)
<PAGE>
PAGE 6
Policy Split (January 15, 1995) (January 15, 2046) ($180.00)
Option Rider
</TABLE>

Guarantees Maximum Annual Cost of Insurance Rates per $1,000

Policy Annual Policy Annual
Year Rate Year Rate
1 $ .12 36 $ 11.76
2 .12 37 13.92
3 .12 38 16.56
4 .12 39 19.68
5 .12 40 23.40

6 .12 41 27.72
7 .12 42 32.52
8 .12 43 38.04
9 .12 44 44.04
10 .12 45 50.88

11 .12 46 58.68
12 .12 47 67.56
13 .12 48 77.88
14 .24 49 89.52
15 .24 50 102.48

16 .36 51 116.52
17 .36 52 131.52
18 .48 53 147.24
19 .60 54 163.68
20 .72 55 180.96

21 .84 56 199.08
22 1.08 57 218.52
23 1.32 58 239.76
24 1.56 59 264.48
25 1.80 60 296.16

26 2.16 61 341.64
27 2.52 62 414.12
28 3.00 63 537.24
29 3.60 64 743.88
30 4.32 65 999.96

31 5.16
32 6.12
33 7.32
34 8.52
35 10.08<PAGE>
PAGE 7
Definitions

The following words are used often in this policy. When we use
these words, this is what we mean:

accumulation unit
An accounting unit used to calculate the policy value of the
subaccounts. It is a measure of the net investment results of each
of the subaccounts.

attained insurance age
Each insured's insurance age plus the number of policy
anniversaries since the policy date. Attained insurance age changes
only on a policy anniversary.

cash surrender value
The policy proceeds if the policy is surrendered in full, or the
amount payable if the last surviving insured's death occurs on or
after the youngest insured's attained insurance age 100. It is the
policy value minus indebtedness, minus surrender charges as shown
under Policy Data.

death benefit guarantee to age 85
A guarantee that the policy will not lapse before the youngest
insured's attained insurance age 85, or 15 policy years, if later.

death benefit guarantee to age 85 premium
The premium required to keep the death benefit guarantee to age 85
in effect. The death benefit guarantee to age 85 premium is shown
under Policy Data.

death benefit guarantee to age 100
A guarantee that the policy will not lapse before the youngest
insured's attained insurance age 100.

death benefit guarantee to age 100 premium
The premium required to keep the death benefit guarantee to age 100
in effect. The death benefit guarantee to age 100 premium is shown
under Policy Data.

fixed account
Our general investment account. It is made up of our assets other
than those held in any separate account.

fixed account value
The portion of the policy value that is allocated to the fixed
account, including indebtedness.

in force
The insureds' lives remain insured under the terms of this policy.

indebtedness
All existing loans on this policy plus policy loan interest that
has been accrued or added to the policy loan.

insurance age
The issue age shown under Policy Data for each insured as
determined by us from the birthdates stated in the application.<PAGE>
PAGE 8
insureds
The persons whose lives are insured by this policy.

last surviving insured
The second to die of the insureds.

monthly date
The same day each month as the policy date. If there is no monthly
date in a calendar month, the monthly date will be the first day of
the next calendar month.

net premium
The portion of a premium paid that is credited to the policy as
described in the Policy Values section. It is the premium paid
minus the premium expense charge shown under Policy Data.

policy anniversary
The same day and month as the policy date each year that the policy
remains in force.

policy date
The date from which policy anniversaries, policy years, and policy
months are determined. Your policy date is shown under Policy
Data.

policy value
The sum of the fixed account value and the variable account value.

premium expense charge
The premium expense charge of 11% of all premiums paid consists of
three parts. The parts are: 7.25% sales charge; 2.5% premium tax
charge; and 1.25% federal tax charge. We reserve the right to
change the federal tax charge part if applicable federal law
changes our federal tax burden.

proceeds
The amount payable by this policy as follows:

1. upon death of the last surviving insured prior to the youngest
insured's attained insurance age 100, proceeds will be the
death benefit under the option in effect as of the date of
that insured's death, minus any indebtedness;

2. upon the death of the last surviving insured on or after the
youngest insured's attained insurance age 100, proceeds will
be the cash surrender value.

3. upon surrender of the policy, the proceeds will be the cash
surrender value.

pro-rata basis
Allocation to the fixed account and each of the subaccounts. It is
proportionate to the value (minus any indebtedness in the fixed
account) that each bears to the policy value, minus indebtedness.

specified amount
An amount used to determine the death benefit and the proceeds
payable upon death of the last surviving insured prior to the<PAGE>
PAGE 9
youngest insured's attained insurance age 100. The initial
specified amount is shown under Policy Data.

subaccounts
The subaccounts named under Policy Data. Each is an investment
division of the variable account and invests in a particular
portfolio.

terminate
This policy is no longer in force. All insurance coverage under
this policy has stopped.

valuation date
Each day on which the New York Stock Exchange is open for trading,
or any other day on which there is a sufficient degree of trading
in the investments of the subaccounts such that the current value
might be materially affected.

valuation period
The interval of time commencing at the close of business on each
valuation date and ending at the close of business on the next
valuation date.

variable account value
The sum of the values of the subaccounts under this policy.

we, our, us
IDS Life Insurance Company.

written request
A request in writing signed by you.

youngest insured
The insured with the youngest issue age as shown under Policy Data.

you, your
The owner of this policy. The owner may be someone other than an
insured. The owner is shown in the application unless the owner
has been changed as provided in this policy.

The Insurance Contract

What is the entire contract of insurance?

This policy and the copy of the application attached to it and any
endorsements or riders added to the policy are the entire contract
between you and us.

No one except one of our corporate officers (President, Vice
President, Secretary, or Assistant Secretary) can change or waive
any of our rights or requirements under this policy. That person
must do so in writing. None of our representatives or other
persons have the authority to change or waive any of our rights or
requirements under this policy.

In issuing this policy, we have relied upon the application. The
statements contained in the application are considered, in the<PAGE>
PAGE 10
absence of fraud, representations and not warranties. No statement
made in connection with the application will be used by us to void
the policy or to deny a claim unless that statement is part of the
application.

When will the policy become incontestable?

After this policy has been in force during the lifetime of both
insureds for two years from the policy date, we cannot contest the
policy except for nonpayment of premiums.

Is there a suicide exclusion?

If either of the insureds die by suicide while sane or insane
within two years from the policy date, the only amount payable by
us will be the premium paid, minus any indebtedness and partial
surrenders. The policy will terminate as of the date of the first
death by suicide. We will pay any amount payable to you, if
living, otherwise to your estate.

Can you exchange this policy?

Yes. Once during the first two policy years, you have the right to
exchange this policy for a flexible premium life insurance policy
that provides for benefits that do not vary with the investment
return of the subaccounts. This is done by transferring, without
charge, the entire policy value to the fixed account.

Do you have voting rights?

All policy owners with variable account values will have voting
rights. So long as federal law requires, you may have the right to
vote at the meetings of the Variable Policy Owners. If you have
voting rights, we will send you a notice of the time and place of
any such meetings. The notice will also explain matters to be
voted on and how many votes you will have.

Do state laws apply?

Yes. This policy is governed by the law of the state in which it
is delivered. The values and benefits of this policy are at least
equal to those required by such state.

What if an insured's age or sex has been misstated?

If an insured's age or sex has been misstated, the proceeds payable
upon the last surviving insured's death will be:

1. the policy value on the date of death; plus

2. the amount of insurance that would have been purchased by the
cost of insurance deducted for the policy month during which the
last surviving insured's death occurred, if that cost had been
calculated using the cost of insurance rates for the correct age
and sex; minus

3. any indebtedness on the date of death.
<PAGE>
PAGE 11
When does this policy terminate?

This policy will terminate on the earliest of the following:

1. the date you request that coverage ends; or

2. the date you surrender the policy in full; or

3. the end of the grace period; or

4. the date of death of the last surviving insured.

Does this policy qualify for favorable tax treatment?

This policy is intended to qualify for treatment as a life
insurance policy under Sections 72, 101, and 7702 of the Internal
Revenue Code as they now exist or may later be amended.

We reserve the right to endorse this policy to comply with:

1. future changes in the Internal Revenue Code;

2. any regulations or rulings issued under the Code; and

3. any other requirements imposed by the Internal Revenue Service;

with respect to remaining qualified for treatment as a life
insurance policy under these Code sections.

We will provide the owner with a copy of any such endorsement.<PAGE>
PAGE 12
Owner and Beneficiary

What are your rights as owner of this policy?

As owner, you are entitled to exercise all the rights and
privileges of this policy while either or both of the insureds are
living.

How can you change ownership of this policy?

You can change the ownership of this policy by written request on a
form approved by us. The change must be made while an insured is
living. Once the change is recorded by us, it will take effect as
of the date of your request, subject to any action taken or payment
made by us before the recording.

To whom are the proceeds paid on the last surviving insured's
death?

We will pay the proceeds to the beneficiary or beneficiaries whom
you have named in the application unless you have since changed the
beneficiary as provided below. If the beneficiary has been
changed, we will pay the proceeds in accordance with your last
change of beneficiary request.

How do you change the beneficiary?

By making a satisfactory written request to us, you may change the
beneficiary anytime while an insured is living. Once we record the
change, it will take effect as of the date of your request, subject
to any action taken or payment made by us before the recording.

If one or all of the beneficiaries die before the last surviving
insured's death, to whom are the proceeds payable?

Only those beneficiaries who are living at the last surviving
insured's death may share in the proceeds. If no beneficiary
survives the last surviving insured, we will pay the proceeds to
you, if living; otherwise to your estate.

Can you assign this policy as collateral?

Yes. While an insured is living, you can assign this policy or any
interest in it. Your interest and the interest of any beneficiary
are subject to the interest of the assignee. An assignment is not
a change of ownership and an assignee is not an owner as these
terms are used in this policy. We will pay any policy proceeds
payable to the assignee in a single sum.

You must give us a copy of any assignment. Any assignment is
subject to any action taken or payment made by us before the
assignment was recorded at our home office. We are not responsible
for the validity of any assignment.<PAGE>
PAGE 13
Premiums

What are the premium payments for this policy?

Three types of premium payments apply to this policy. We call
these:

1. the initial premium;

2. scheduled premiums; and

3. unscheduled premiums.

What is the initial premium?

The initial premium is the premium due on the policy date of this
policy.

What is the scheduled premium? Can it be changed?

The scheduled premium is the premium shown under Policy Data. It
is payable at the stated interval that you selected in the
application. However, no scheduled premium may be paid on or after
the youngest insured's attained insurance age 100.

The scheduled premium will serve only as an indication of your
intent as to the frequency and amount of future premium payments.
You may change the amount or interval at any time by written
request. You may also skip scheduled premium payments. Any change
in amount may be subject to applicable tax laws and regulations.

Scheduled premiums may be paid annually, semi-annually, or
quarterly. Payment at any other interval must be approved by us.
Scheduled premium payments must be at least $50. We reserve the
right to limit the amount of any increase in scheduled premiums.

Can you make unscheduled premium payments?

Yes. You can make additional premium payments of at least $50 at
any time prior to the youngest insured's attained insurance age
100. We reserve the right to limit the number and amount of these
unscheduled premiums. This includes our right to refuse such
premiums if there is indebtedness on this policy.

Where are premiums payable?

Premiums must be paid or mailed to us at our home ofice or to an
authorized agent. We will give you a receipt if you request one.
A check or draft given for all or part of a premium, unless paid
upon its presentation to the bank or person drawn on, will not be
considered payment.

How are premium payments allocated?

Premium payments applied to the fixed account and the subaccounts
will be allocated as specified in your application for this policy.
You may choose any whole percentage for each account from 0% to
100%. By written request, you may change this allocation. The<PAGE>
PAGE 14
change will be effective for all premiums received after our
receipt of the change. Premiums received before the policy date
will be allocated initially to the fixed account. On the policy
date, the policy value in the fixed account will be transferred to
the subaccounts or remain in the fixed account in accordance with
your premium allocation percentages. For any premium received on
or after the policy date, the premium will be allocated in
accordance with your premium allocation percentages.

Can we restrict premium payments?

We reserve the right to refuse premiums and to return premiums with
interest if such premiums would disqualify your policy from:

1. treatment as a life insurance policy under Code Sections 72,
101, and 7702; or

2. favorable tax treatment under Code Sections 72 and 101.

Is there a grace period for paying premiums?

Yes. If, on a monthly date, the cash surrender value is less than
the monthly deduction for the policy month following such monthly
date, a grace period of 61 days will begin.

The grace period will give you time to pay a premium sufficient to
continue your coverage. We will mail, to your last known address,
a notice as to the premium needed so that the next three monthly
deductions can be made.

If the premium is not paid within the grace period, all coverage
under this policy will terminate without value at the end of the
61-day grace period.

If the last surviving insured's death occurs during the grace
period and benefits become payable under the policy, any overdue
monthly deductions will be deducted from the proceeds.

If a death benefit guarantee is in effect as described in the
provisions below, the policy will not enter the grace period. In
addition, to allow you the opportunity to increase your policy
value gradually so that the cash surrender value is sufficient to
pay the monthly deduction, you may choose to pay only the minimum
initial premium during the minimum initial premium period as long
as the policy value minus indebtedness equals or exceeds the
monthly deduction. The policy will not enter the grace period
during the minimum initial premium period as shown under Policy
Data, if:

1. on a monthly date, the policy value minus indebtedness equals
or exceeds the monthly deduction for the policy month
following such monthly date; and

2. the sum of all premiums paid, minus any partial surrenders,
and minus any indebtedness equals or exceeds the minimum
initial premium, as shown under Policy Data, times the number
of months since the Policy Data, including the current month.
<PAGE>
PAGE 15
What are the death benefit guarantees?

The death benefit guarantees described below will protect the
policy from lapsing even if the cash surrender value is
insufficient to pay the monthly deduction on a monthly date.
Sufficient premiums as described in the provision must be paid to
keep the death benefit guarantees in effect.

What is the death benefit guarantee to age 85?

Until the youngest insured's attained insurance age 85, or 15 years
from the policy date, whichever is later, this policy will not
terminate even if the cash surrender value is insufficient to pay
the monthly deduction on a monthly date if the death benefit
guarantee to age 85 is in effect.

The death benefit guarantee to age 85 will remain in effect if, on
each monthly date, (a) equals or exceeds (b) where:

(a) is the sum of all premiums paid, minus any partial surrenders,
and minus any indebtedness; and

(b) is the death benefit guarantee to age 85 premium, as shown
under Policy Data, times the number of months since the Policy
Date, including the current month.

Premiums may be paid on other than a monthly basis as long as the
sum of premiums paid is at least equal to the total required death
benefit guarantee to age 85 premiums at all times.

If on a monthly date, sufficient premiums have not been paid to
maintain the death benefit guarantee to age 85, an additional
period of 61 days will be allowed for the payment of a premium
sufficient to keep the death benefit guarantee to age 85 in effect.
If the premium is not paid within this period, the death benefit
guarantee to age 85 provision will no longer be in effect, and
cannot be reinstated. Your policy will also lapse, as described in
the "Is there a grace period for paying premiums" provision, if the
cash surrender value is insufficient to pay the monthly deduction
on a monthly date.

The death benefit guarantee to age 85 premium will change if: 1)
the specified amount is decreased; 2) the death benefit option is
changed; or 3) riders are changed or terminated. The new death
benefit guarantee to age 85 premium will apply from the date of the
change.

What is the death benefit guarantee to age 100?

Until the youngest insured's attained insurance age 100, this
policy will not terminate even if the cash surrender value is
insufficient to pay the monthly deduction on a monthly date if the
death benefit guarantee to age 100 is in effect.

The death benefit guarantee to age 100 will remain in effect if, on
each monthly date, (a) equals or exceeds (b) where:
<PAGE>
PAGE 16
(a) is the sum of all premiums paid, minus any partial surrenders,
and minus any indebtedness; and

(b) is the death benefit guarantee to age 100 premium, as shown
under Policy Data, times the number of months since the Policy
Date, including the current month.

Premiums may be paid on other than a monthly basis as long as the
sum of premiums paid is at least equal to the total required death
benefit guarantee to age 100 premiums at all times.

If on a monthly date, sufficient premiums have not been paid to
maintain the death benefit guarantee to age 100, an additional
period of 61 days will be allowed for the payment of a premium
sufficient to keep the death benefit guarantee to age 100 in
effect. If the premium is not paid within this period, the death
benefit guarantee to age 100 provision will no longer be in effect,
and cannot be reinstated. Your policy will also lapse if, as
described in the "Is there a grace period for paying premiums"
provision, the death benefit guarantee to age 85 is not in effect
and the cash surrender value is insufficient to pay the monthly
deduction on a monthly date.

The death benefit guarantee to age 100 premium will change if: 1)
the specified amount is decreased; 2) the death benefit option is
changed; or 3) riders are changed or terminated. The new death
benefit guarantee to age 100 premium will apply from the date of
the change.

Can you ever reinstate this policy?

This policy may be reinstated within 5 years after the end of the
grace period, unless it was surrendered for cash. To do this, we
will require all of the following:

1. your written request to reinstate the policy;

2. evidence that both insureds remain insurable, or evidence for
the last surviving insured and due proof that the first death
occurred before the date of lapse;

3. payment of a premium that will keep the policy in force for at
least 3 months;

4. payment of the monthly deductions that were not collected
during the grace period; and

5. payment or reinstatement of any indebtedness.

Surrender charges will also be reinstated.

The effective date of a reinstated policy will be the monthly date
on or next following the date on which we approve the application
for reinstatement.

The suicide and incontestability periods will apply from the
effective date of reinstatement. We will have two years from the<PAGE>
PAGE 17
effective date of reinstatement to contest the truth of statements
or representations in the reinstatement application.

The death benefit guarantees will not be reinstated. <PAGE>
PAGE 18
Death Benefits

What are the proceeds payable upon death of the last surviving
insured prior to the youngest insured's attained insurance age 100?

The proceeds payable upon the death of the last surviving insured
will be the death benefit in effect on the date of that insured's
death, minus any indebtedness. The death benefit will be
calculated based on the death benefit option and specified amount
in effect as of the last surviving insured's death. One of two
options will apply: Option 1 or 2. Both options are described
below.

What is Option 1?

The death benefit under this option will be the greater of:

1. the specified amount; or

2. the percentage of policy value from the table below on the
date of the last surviving insured's death if death occurs on
a valuation date, or on the next valuation date following the
date of death.

The initial specified amount is shown under Policy Data. Such
amount may be changed as explained in the Policy Change section. A
partial surrender will reduce the specified amount.

What is Option 2?

The death benefit under this option will be the greater of:

1. the policy value of this policy, plus the specified amount;
or

The initial specified amount is shown under Policy Data. Such
amount may be changed as explained in the Policy Change section.

The youngest insured's attained insurance age in the table below
refers to the youngest life insured or the age such person would
have reached.
<PAGE>
PAGE 19
<TABLE><CAPTION>
Youngest Youngest Youngest
Insured's Applicable Insured's Applicable Insured's Applicable
Attained Percentage Attained Percentage Attained Percentage
Insurance of Policy Insurance of Policy Insurance of Policy
Age Value Age Value Age Value
<S> <C> <C> <C> <C> <C>
40 or less 250 53 164 67 118
41 243 54 157 68 117
42 236 55 150 69 116
43 229 56 146 70 115
44 222 57 142 71 113
45 215 58 138 72 111
46 209 59 134 73 109
47 203 60 130 74 107
48 197 61 128 75-95 105
49 191 62 126 96 104
50 185 63 124 97 103
51 178 64 122 98 102
52 171 65 120 99 101
66 119 100 100
</TABLE>
The percentage is designed to ensure that the policy meets the
provisions of Federal tax law which require a minimum death benefit
in relation to policy value for the policy to qualify as life
insurance.

What are the proceeds payable upon death of the last surviving
insured on or after the youngest insured's attained insurance age
100?

The proceeds payable upon the death of the last surviving insured
will be the cash surrender value.
<PAGE>
PAGE 20
Policy Change

Can you request to change the benefits of this policy?

Yes. While this policy is in force, you may request to decrease
the specified amount. You may also change the death benefit option
from 1 to 2 or from 2 to 1. All such changes may be made only
prior to the last surviving insured's attained insurance age 100
and will be subject to the rules below.

What are the rules for decreasing the specified amount?

You may decrease the specified amount once per policy year by
written request. Such request may only be made after the first
policy year. The rules are as follows:

1. The specified amount that remains in force after a requested
decrease may not be less than the minimum specified amount
shown under Policy Data.

2. We reserve the right to decline to make any specified amount
decrease that we determine would cause this policy to fail to
qualify as life insurance under applicable tax laws.

How do you change the death benefit option?

You may change the death benefit option once per policy year by
written request. The change in option will be effective on the
monthly date on or next following the date we approve your request.

If the death benefit is Option 2, it may be changed to Option 1.
The new specified amount will be the Option 2 death benefit as of
the effective date of change.

If the death benefit is Option 1, it may be changed to Option 2.
The new specified amount will be the Option 1 death benefit, minus
the policy value as of the effective date of change.

The specified amount after a change may not be less than the
minimum specified amount shown under Policy Data.

We reserve the right to decline to make any death benefit option
change that we determine would cause this policy to fail to qualify
as life insurance under applicable tax laws.

<PAGE>
PAGE 21
Policy Values

What is the policy's value?

On a given date, the policy value is equal to the fixed account
value plus the variable account value.

What is the fixed account value?

On the policy date, the fixed account value equals: 1) the portion
of the initial net premium allocated to the fixed account, plus any
interest credited on such portion before the policy date; minus 2)
the portion of the monthly deduction allocated to the fixed account
for the first policy month.

On any subsequent date, the fixed account value will be calculated
as:
a + b + c-d-e

where:

(a) is the fixed account value on the preceding monthly date plus
interest thereon from the preceding monthly date to the date
of calculation;

(b) is the portion of net premiums allocated to the fixed account
and received since the preceding monthly date, plus interest
on such portions from the date such net premiums were received
to the date of calculation;

(c) is the amount of any transfers from the subaccounts, including
loan transfers, to the fixed account since the preceding
monthly date, plus interest on such transferred amounts from
the effective dates of such transfers to the date of
calculation;

(d) is the amount of any transfers from the fixed account,
including loan repayment transfers, to the subaccounts since
the preceding monthly date, plus interest on such transferred
amounts from the effective dates of such transfers to the date
of calculation; and

(e) is the amount of any partial surrenders and partial surrender
fees allocated to the fixed account since the preceding
monthly date, plus interest on such surrendered amounts from
the effective date of such partial surrenders to the date of
calculation.

If the date of calculation is a monthly date, the fixed account
value will also be reduced by the portion of the monthly deduction
allocated to the fixed account for the policy month following the
monthly date.

What is the variable account value?

The variable account value is the sum of the values of the
subaccounts under this policy as shown under Policy Data.
<PAGE>
PAGE 22
On the policy date, the value of each subaccount equals: 1) the
portion of the initial net premium allocated to the subaccount,
plus any interest credited on such portion before the policy date;
minus 2) the portion of the monthly deduction allocated to the
subaccount for the first policy month.

On any subsequent date the value of each subaccount will be
calculated as described below if that subsequent date is a
valuation date. If that subsequent date is not a valuation date,
the value of each subaccount will be calculated on the next
valuation date.

On any valuation date, the value of each subaccount will be
calculated as:

a + b + c - d - e - f

where:

(a) is the value of the subaccount on the preceding valuation
date, multiplied by the net investment factor for the current
valuation period;

(b) is the net premiums received and allocated to the subaccount
during the current valuation period;

(c) is the amount of any transfers from other subaccounts or the
fixed account, including loan repayment transfers, to the
subaccount during the current valuation period;

(d) is the amount of any transfers to other subaccounts or the
fixed account, including loan transfers, from the subaccount
during the current valuation period;

(e) is the amount of partial surrender and partial surrender fee
allocated to the subaccount during the current valuation
period;

(f) is the portion of any monthly deduction during the current
valuation period allocated to the subaccount for the policy
month following the monthly date.

What is the monthly deduction?

A deduction will be made each monthly date prior to the youngest
insured's attained insurance age 100 for the cost of insurance,
policy fee, and the cost of any riders for the policy month
following such monthly date. The monthly deduction for a policy
month will be calculated as:

(a) + (b) + (c)
<PAGE>
PAGE 23
where:

(a) is the cost of insurance for the policy month;

(b) is the policy fee shown under Policy Data. We reserve the
right to change the policy fee, but it will never exceed $30
per month for the first 15 policy years; and

The monthly deduction will be taken from the fixed account and the
subaccounts according to the monthly deduction allocation
percentages specified in your application for this policy. You
may choose any whole percentage for each account from 0% to 100%.
By written request, you may change the percentages. Any change
will be effective for monthly deductions taken thereafter.

The monthly deduction will be taken from the fixed account and the
subaccounts on a pro-rata basis if: 1) the value in the fixed
account or in any subaccount is insufficient to pay the portion of
the monthly deduction so allocated; or 2) you do not specify the
account or subaccounts from which the monthly deduction is to be
taken.

How is the cost of insurance calculated?

The cost of insurance for a policy month is calculated as:

{a x (b - c)} + d

where:

(a) is the cost of insurance rate described below;

(b) is the death benefit on the monthly date divided by the
guaranteed interest rate factor shown under Policy Data;

(c) is the policy value at the beginning of the policy month. At
this point, the policy value has been reduced by the monthly
deduction except for the part of the monthly deduction that
pays for the cost of insurance; and

(d) is the amount of any flat extra insurance charges as shown
under Policy Data.

If the policy value is included in the specified amount and there
have been changes in the specified amount, the policy value is
considered a pro-rata part of each specified amount.

What is the cost of insurance rate?

The cost of insurance rate is the rate applied to the insurance
under this policy to determine the monthly deduction. The cost of
insurance rate used to determine the monthly deduction is the
annual cost of insurance rate divided by 12. Cost of insurance
rates are based on each insured's sex, insurance age, risk
classification and the number of years the policy has been in
force.<PAGE>
PAGE 24
We may change the cost of insurance rates from time to time. Any
change in the cost of insurance rate will apply to all individuals
of the same risk class as each of the insureds. We will determine
cost of insurance rates based on our expectations as to future
mortality experience. The cost of insurance rates will not exceed
the Guaranteed Maximum Annual Cost of Insurance Rates shown under
Policy Data. These rates are based on the 1980 Commissioners
Standard Ordinary Smoker or Non-smoker Mortality Tables, Age Last
Birthday.

What interest rate is used to determine the fixed account value?

The guaranteed interest rate applied in the calculation of the
fixed account value is the guaranteed interest rate shown under
Policy Data. Interest in excess of the guaranteed interest rate
may be applied in the calculation of the fixed account value at
such increased rates and in such manner as we may determine.

Interest in excess of the guaranteed interest rate shown under
Policy Data will not be applied to the portion of the policy value
that equals any indebtedness due us.

For how long will the policy value continue your insurance?

Insurance coverage under this policy and any benefits provided by
riders will be continued until the cash surrender value is
insufficient to pay the monthly deduction. See the "Is there a
grace period for paying premiums" provision and "What are the death
benefit guarantees" provision.

What is the basis used for policy values?

Values and reserves are equal to or greater than those required by
law. Where required, a detailed statement of the method of
computation of values and reserves has been filed with the
insurance department of the state where this policy was delivered.

Will you receive information about the values of this policy?

Yes. At least once a year, we will send you a report that shows:

1. the current policy value;
2. premiums paid since the last report;
3. all charges since the last report;
4. indebtedness on this policy;
5. the current cash surrender value;
6. the current death benefit; and
7. partial surrenders since the last report.

At any time, upon written request by you, we will provide a
projection of future death benefits and policy values. The
projection will be based on (1) assumptions as to specified
amount(s), type of coverage option and future premium payments as
may be specified by you, and (2) such other assumptions as are
necessary and specified by us and/or you.

<PAGE>
PAGE 25
Policy Loans

Can you borrow money on this policy? How?

By written request or other requests acceptable to us, you may
obtain a loan from us whenever this policy has a loan value. The
loan value of this policy is the only security required for your
loan. A loan must be for at least $500. We will pay interest on
the policy value loaned at the guaranteed interest rate shown under
Policy Data.

If you do not specify the accounts from which the loan is to be
made, the loan will be made from the fixed account and the
subaccounts on a pro-rata basis.

The amount of any loan and any loan interest from the subaccounts
will be transferred from the subaccounts to the fixed account.

Can we delay or suspend payment of a loan?

We will normally pay the portion of any loan from the subaccounts
within 7 days after we receive your written request in our home
office. We have the right, however, to suspend or delay the date
of any loan from the subaccounts for any period:

1. when the New York Stock Exchange is closed; or

2. when trading on the New York Stock Exchange is restricted; or

3. when an emergency exists, and as a result:

(a) disposal of securities held in the subaccounts is not
reasonably practicable; or

(b) it is not reasonably practicable to fairly determine the
value of the assets of the subaccounts; or

4. during any other period when the Securities and Exchange
Commission, by order, so permits for the protection of
security holders.

Rules and regulations of the Securities and Exchange Commission
will govern as to whether the conditions set forth in the above
items 2 and 3 exist.

For any loans from the fixed account, we have the right to postpone
the loan for up to 6 months unless the loan is used to pay premiums
on any policies you have with us.

What is the interest rate charged for a policy loan?

The current interest rate for policy loans is shown under Policy
Data. We reserve the right to increase this interest rate charge,
but it will never exceed the guaranteed loan interest rate shown
under Policy Data.

Interest is charged daily and payable at the end of the policy
year. If interest is not paid when it is due, it will be added to<PAGE>
PAGE 26
your indebtedness and charged the same interest as your loan. The
additional interest will be taken from the fixed account and the
subaccounts using the monthly deduction allocation percentages. If
the value in the fixed account or any subaccount is insufficient to
pay the additional interest, the entire additional interest will be
taken from the fixed account and the subaccounts on a pro-rata
basis.

What is the maximum loan value of this policy?

You can borrow an amount up to 85% of the policy value minus
surrender charges. We calculate the policy value as of the date of
the loan. We reserve the right to include monthly deductions and
interest to pay for the loan until the next policy anniversary in
determining the maximum loan value.

When can you repay your loan?

Your loan can be repaid in full or in part at any time before the
last surviving insured's death and while this policy is in force.
A loan that exists at the end of the grace period may not be repaid
unless this policy is reinstated.

Repayments should be clearly marked as "loan repayments";
otherwise, they will be credited as premiums. They must be in
amounts of at least $50. They will be allocated to the fixed
account and the subaccounts according to the premium allocation
percentages in effect unless you tell us otherwise.

What if your loan is not repaid?

Failure to repay a loan or to pay loan interest will not terminate
this policy unless the cash surrender value is insufficient to pay
the monthly deduction, as provided in the Grace Period provision.
This would happen if indebtedness exceeded the policy value, minus
surrender charges.

Failure to repay a loan or to pay loan interest will reduce the
proceeds payable upon the death of the last surviving insured and,
the cash surrender value.<PAGE>
PAGE 27
Policy Surrender

Can you surrender this policy?

Yes. You may surrender this policy for its cash surrender value at
any time. Your request must be in writing. Upon surrender for the
cash surrender value, this policy will terminate.

The cash surrender value of this policy is:

1. the policy value at the time of surrender; minus
2. any indebtedness on this policy; minus
3. any applicable surrender charges as shown under Policy Data.

Surrender charges are shown under Policy Data. They apply in the
first 15 policy years.

Is a partial surrender possible?

Yes. By written request or other requests acceptable to us, you may
partially surrender this policy for an amount less than the cash
surrender value. Partial surrenders are subject to the rules below
and payment of the partial surrender fee shown under Policy Data.
We reserve the right to limit the frequency of partial surrenders
you may request.

If death benefit Option 1 is in effect, both the specified amount
and the policy value will be reduced by the amount of surrender and
partial surrender fee. If death benefit Option 2 is in effect, the
policy value will be reduced by the amount of surrender and the
partial surrender fee.

What are the rules for a partial surrender?

The following rules will apply to any partial surrender:

1. partial surrenders may not be made in the first policy year;

2. the minimum amount that may be surrendered is $500;

3. the partial surrender amount cannot exceed 85% of the full
cash surrender value;

4. the specified amount that remains in force may not be less
than the minimum specified amount shown under Policy Data;

5. the surrender amount and partial surrender fee will be
deducted from the policy value at the time of each partial
surrender; and

6. we reserve the right to decline a request for a partial
surrender that we determine would cause this policy to fail to
qualify as life insurance under applicable tax laws.

If you do not specify the accounts from which the surrender is to
be made, the surrender will be made from the fixed account and the
subaccounts on a pro-rata basis.
<PAGE>
PAGE 28
Can we delay or suspend payment of a surrender?

We will normally pay the portion of any surrendered amount from the
subaccounts within 7 days after we receive your written request in
our home office. We have the right, however, to suspend or delay
the date of any surrender payment from the subaccounts for any
period:

1. when the New York Stock Exchange is closed; or

2. when trading on the New York Stock Exchange is restricted, or

3. when an emergency exists, and as a result:

(a) disposal of securities held in the subaccounts is not
reasonably practicable; or

(b) it is not reasonably practicable to fairly determine the
value of the assets of the subaccounts; or

4. during any other period when the Securities and Exchange
Commission, by order, so permits for the protection of
security holders.

Rules and regulations of the Securities and Exchange Commission
will govern as to whether the conditions set forth in items 2 and 3
exist.

For any surrender request from the fixed account, we have the right
to postpone the payment for up to 6 months. If we postpone payment
more than 30 days, we will also pay you interest. The interest
will be paid at the rate of 3% per year based on the amount
surrendered for the period of postponement.<PAGE>
PAGE 29
Subaccounts

What are the subaccounts?

The subaccounts are separate investment accounts of ours. They are
named under Policy Data. We have allocated a part of our assets
for this and certain other policies to the subaccounts. Such
assets remain our property. They cannot be charged, however, with
liabilities from any other business in which we may take part.

What are the investments of the subaccounts?

Net premiums and transfers will be allocated as you specify. Each
subaccount will buy the investment shown for that subaccount under
Policy Data or as later added or changed.

How do we value the subaccounts?

The subaccount value is determined by multiplying the number of
accumulation units credited to the subaccount by the appropriate
accumulation unit values.

What are subaccount accumulation units?

The number of accumulation units for each of the subaccounts is
found by dividing: (1) the amount allocated to the subaccount; by
(2) the subaccount's accumulation unit value for the valuation
period in which we received the premium payment, transfer request,
or partial surrender request.

What is the subaccount accumulation unit value?

The value of an accumulation unit for each of the subaccounts was
arbitrarily set at $1 when the first investments were bought. The
value for any later valuation period is found as follows:

The accumulation unit value for a subaccount for the last
prior valuation period is multiplied by such subaccount's net
investment factor for the following valuation period. The
result is the accumulation unit value. The value of an
accumulation unit may increase or decrease from one valuation
period to the next.

What is the net investment factor? How is it determined?

The net investment factor is an index applied to measure the
investment performance of a subaccount from one valuation period to
the next. The net investment factor may be greater or less than
one; therefore, the value of an accumulation unit may increase or
decrease.

To find the net investment factor of any such subaccount for any
valuation period, we divide (1) by (2), and subtract (3) from the
result, where:
<PAGE>
PAGE 30
(1) is the net result of:

a. the net asset value per share of the portfolio in which
the subaccount invests determined at the end of the
current valuation period; plus

b. the per-share amount of any dividend or capital gain
distributions made by the investment held in the
subaccount, if the "ex-dividend" date occurs during the
current valuation period; plus or minus

c. a per-share charge or credit for any taxes reserved for
the current valuation period that we determine to have
resulted from the investment operations of the
subaccount;
(2) is the net result of:

a. the net asset value per share of the portfolio in which
the subaccount invests determined at the end of the last
prior valuation period; plus or minus

b. the per-share charge or credit for any taxes reserved for
the last prior valuation period; and

(3) is a factor representing the Mortality and Expense Risk Charge.

What deductions are made from the subaccounts?

The Mortality and Expense Risk Charge compensates us for assuming
the mortality and expense risks under this policy. It is equal, on
an annual basis, to .9% of the daily value of the subaccounts. The
deduction will be (1) made from each subaccount; and (2) computed
on a daily basis.

Can the investments of the subaccounts be changed?

This would happen if laws or regulations changed, the investment
became unavailable, or, in our judgement, the investment were no
longer suitable for the subaccounts. If any of these situations
occurred, we would have the right to substitute investments other
than those shown under Policy Data. Where required, we would first
seek the approval of the Securities and Exchange Commission and the
insurance regulator of the state where this policy is delivered.

Can transfers be made among the subaccounts and the fixed account?

By written request or other requests acceptable to us, you may
transfer all or part of the value of a subaccount to one or more of
the other subaccounts or to the fixed account. The amount
transferred, however, must be at least: 1) $250; or 2) the total
value in the subaccount, if less. We reserve the right to limit
such transfers to 5 per policy year. We may suspend or modify this
transfer privilege at any time with the necessary approval of the
Securities and Exchange Commission.

You may also transfer from the fixed account to the subaccounts
once a year, but only on the policy anniversary or within 30 days
after such policy anniversary. If you make this transfer, you<PAGE>
PAGE 31
cannot transfer from the subaccounts back into the fixed account
until the next policy anniversary. If we receive your written
request within 30 days before the policy anniversary date, the
transfer from the fixed account to the subaccounts will be
effective on the anniversary date. If we receive your written
request within 30 days after the policy anniversary date, the
transfer from the fixed account to the subaccounts will be
effective on the date we receive the request. The minimum transfer
amount is $250 or the fixed account value minus indebtedness, if
less. The maximum transfer amount is the fixed account value,
minus indebtedness. We may suspend or modify this transfer
privilege at any time.<PAGE>
PAGE 32
Payment of Policy Proceeds

How are the proceeds paid?

We will pay the proceeds in a single sum unless a payment option
has been selected. The date on which the proceeds are paid in a
lump sum or first placed under a payment option is the settlement
date. All proceeds are payable at our home office. We will pay
interest at a rate not less than 4% per year on single sum death
proceeds from the date of the last surviving insured's death to the
settlement date.

What are the payment options other than a single sum?

During an insured's lifetime, you may request in writing that we
pay the proceeds under one or more of the payment options shown
below, or that we change a prior election. You may elect other
payment options not shown if we agree.

Unless we agree otherwise, however, a payment option may be
selected only if the payments are to be made to a natural person in
that person's own right. Also, the amount of proceeds placed under
a payment option must be at least $5,000.

Option A - Interest Payments

We will pay interest on proceeds placed under this option at the
rate of 3% per year compounded annually. We will make regular
interest payments at intervals and for a period that is agreeable
to both you and us. At the end of any payment interval, a
withdrawal of proceeds may be made in the amount of at least $100.
At any time, all of the proceeds that remain may be withdrawn or
placed under a different payment option approved by us.

Option B - Payments for a Specified Period

We will make monthly payments for a specified number of years. The
amount of each monthly payment for each $1,000 placed under this
option is shown in the table below. Monthly payment amounts for
years not shown will be furnished upon request.

Option B Table
Number Monthly
of Years Payment/$1000
10 9.61
15 6.87
20 5.51
25 4.71
30 4.18

Option C - Lifetime Income

We will make monthly payments for the life of the person (the
payee) who is to receive the income. Payment will be guaranteed
for either 10, 15, or 20 years. The amount of each monthly payment
for each $1,000 placed under this option will be based on our Table
of Settlement Rates in effect at the time of the first payment. The
amounts will not be less than those shown in the table below for<PAGE>
PAGE 33
the sex and Adjusted Age of the payee on the due date of the first
payment. (See Adjusted Age Table.)

Monthly income amounts for any Adjusted Age not shown in the
following table will be furnished upon request.

Option C Table M = Male F = Female

Adjusted Age Life Income per $1,000 with
Payee Payments Guaranteed for

10 years 15 years 20 years
M F M F M F

50 4.22 3.89 4.17 3.86 4.08 3.82
55 4.62 4.22 4.53 4.18 4.39 4.11
60 5.14 4.66 4.96 4.57 4.71 4.44
65 5.81 5.22 5.46 5.05 5.02 4.79
70 6.61 5.96 5.96 5.60 5.27 5.12
75 7.49 6.89 6.38 6.14 5.42 5.35

Adjusted Age Table

The Adjusted Age is the age on the payee's nearest birthday, minus
an "adjustment" based on the year of birth of the payee as follows:

Calendar Calendar
Year of Year of
Payee's Birth Adjustment Payee's Birth Adjustment

Prior to 1920 0 1945 - 1949 6
1920 - 1924 1 1950 - 1959 7
1925 - 1929 2 1960 - 1969 8
1930 - 1934 3 1970 - 1979 9
1935 - 1939 4 1980 - 1989 10
1940 - 1944 5 After 1989 11

Will a supplemental contract be prepared if proceeds are placed
under a payment option?

If a payment option is requested, we will prepare an agreement
stating the terms under which payments will be made. The agreement
will include statements about withdrawal value, if any, and to whom
remaining proceeds will be paid if the payee dies.

Can a beneficiary request a payment option?

After the last surviving insured's death but before any proceeds
are paid, the beneficiary may select a payment option by written
request to us. You may provide, however, that the beneficiary will
not be permitted to change the payment option you have selected.

Are excess interest earnings payable by us?

On each anniversary of the settlement date, we will determine
excess interest, if any, on payment option deposits. Any such
excess interest will be paid under Option A or B.<PAGE>
PAGE 34
Four Year Term Insurance Rider

In consideration of the application for this rider and the payment
of the cost of insurance, this rider is made a part of the policy.
This rider is subject to all policy terms and provisions unless
this rider changes them.

What is the definition of insureds?

The persons whose lives are insured by the policy.

What is the amount of insurance?

The amount of insurance provided by this rider as shown under
Policy Data.

What benefit does this rider provide?

If we receive proof satisfactory to us that the last surviving
insured died during the first four policy years and while this
rider is in force, we will pay the amount of insurance as shown
under Policy Data for this rider to the beneficiary.

The beneficiary is named in the application for the policy.

Subject to the terms of the policy, the amount of insurance payable
by this rider to the beneficiary may be applied under one of the
payment options shown in the policy.

Is there a monthly deduction for the cost of this rider?

Yes. While this rider is in force, a monthly deduction for the
cost of the rider is taken from the policy's value. The amount of
the deduction is this rider's amount of insurance, as shown under
Policy Data, divided by 1,000 times the monthly cost of insurance
rate.

The monthly cost of insurance rate is the annual cost of insurance
rate described below divided by 12.

What is the cost of insurance rate?

The cost of insurance rate is the rate applied to this rider's
amount of insurance to determine the monthly deduction. It is
based on each insured's sex, insurance age, risk classification and
the number of years the policy has been in force.

We may change the cost of insurance rates from time to time. Any
change in the cost of insurance rate will apply to all individuals
of the same risk class as each of the insureds. We will determine
cost of insurance rates based on our expectations as to future
mortality experience. The cost of insurance rates will not exceed
the Guaranteed Maximum Annual Cost of Insurance Rates shown under
Policy Data. These rates are based on the 1980 Commissioner's
Standard Ordinary Smoker or Non-smoker Mortality Tables, Age Last
Birthday.
<PAGE>
PAGE 35
Can you change the amount of insurance of this rider?

Yes. While this rider is in force you may decrease this rider's
amount of insurance once per policy year by written request. Such
request may only be made after the first policy year and is subject
to the following:

The decrease in face amount will be effective on the monthly date
on or next following our receipt of your written request. The
amount of insurance that remains in force after a requested
decrease may not be less than $50,000.

Do policy changes affect this rider?

If the policy's specified amount is reduced for any reason, we will
reduce this rider's amount of insurance so that it does not exceed
the policy's new specified amount multiplied by 1.22.

If this rider's amount of insurance is reduced, the monthly
deduction for the cost of this rider will also be reduced.

When will coverage under this rider terminate?

This rider will terminate on the earliest of the following:

1. the monthly date on or next following receipt of your written
request for coverage to end; or

2. the Expiration Date as shown under Policy Data; or

3. the date the policy terminates.

Can this rider be reinstated if the policy has lapsed?

If the policy and this rider lapsed as provided in the policy's
grace period provision, this rider may be reinstated prior to the
Expiration Date if:

1. this rider was in effect when the policy lapsed; and

2. the policy is reinstated; and

3. the requirements stated below are met.

In order to reinstate coverage for this rider, you must:

1. provide evidence that both insureds remain insurable, or
evidence for the last surviving insured and due proof that the
first death occurred before the date of lapse; and

2. pay a premium sufficient to keep this rider in force for 3
months; and

3. pay the monthly deductions that were not collected during the
grace period.
<PAGE>
PAGE 36
The effective date of reinstatement will be the monthly date on or
next following the date we approve the application for
reinstatement.

What if the age or sex of an insured has been misstated?

If an insured's age or sex has been misstated, the amount payable
under this rider upon the last surviving insured's death will be
the amount of insurance, if any, that the rider cost for the policy
month during which the last surviving insured's death occurred,
would have purchased had the cost of the benefits provided under
the rider been calculated using the rider cost of insurance rates
for the correct age or sex.

When will this rider become incontestable?

The incontestable provision of the policy also applies to this
rider.

Is there a suicide exclusion?

The suicide exclusion provision of the policy also applies to this
rider.

What is the effective date of this rider?

The effective date of this rider is the policy date of the policy
unless a different date is shown under Policy Data.

IDS Life Insurance Company

/s/ William A. Stoltzmann

Secretary<PAGE>
PAGE 37
Policy Split Option Rider

This rider was issued in consideration of your application and
payment of its monthly deduction. This rider is made a part of the
policy. This rider is subject to all policy terms and provisions
unless this rider changes them.

What benefit does this rider provide?

While this rider is in effect, this policy may be exchanged without
evidence of insurability for two individual permanent plans of life
insurance we are then issuing, one on each of the insureds, upon
the occurrence of one of the following:

1. a final divorce decree with respect to the marriage of the
insureds is issued by a court of competent jurisdiction in the
United States;
2. the Federal Estate Tax law is changed resulting in removal of
the unlimited marital deduction or reduced by at least 50% the
level of the estate taxes payable on death.

What are the conditions for exchange?

The following conditions must be met in order to make the exchange:

1. Both insureds must be living on the exchange date;

2. You must request the exchange in writing within one year of
the first enactment date of the Federal Estate Tax law change
described above, if applicable;

3. You must request the exchange in writing no sooner than six
months after and no later than one year after the final
divorce decree, if applicable. You must provide us with a
copy of the final divorce decree within this same time period.

4. The owner of each new policy will be the owner of this policy
unless otherwise specified in the applications and must have
an insurable interest in the insured. If this policy is
assigned, the assignee must consent to the exchange;

5. This policy must be in force on the exchange date;

6. We must receive payment of the first premium for each new
policy on or before the Policy Date of each new policy.

When will the new policies become effective?

The new policies will become effective on the date we receive your
written request at our Home Office.

The New Policy

The initial death benefit of each new policy will be equal to one
half of the death benefit of this policy less one half of any
indebtedness on this policy on the date of the exchange. One half
of the policy value of this policy minus one half of any<PAGE>
PAGE 38
indebtedness on this policy on the date of the exchange will be
applied as premium to each new policy. Each new policy must be an
individual permanent plan of life insurance we are then issuing.
The new policy will be issued using the rates then in effect, the
insured's attained insurance age, and the same risk classification
as this policy.

What if the new policies are cancelled under the free-look
provision?

If you return either of the new policies under a free-look or right
to examine this policy provision, we will refund for each policy
returned an amount equal to one half of the cash surrender value of
this policy plus all additional premuums paid for the new policy.

Can riders attached to this policy be added to the new policies?

No. Riders attached to this policy will terminate on the effective
date of the split.

Is there a monthly deduction for the cost of this rider?

Yes. While this rider is in force, a monthly deduction for the
cost of this rider is taken from the policy's value. The amount of
the monthly deduction is the annual cost of insurance for this
rider, shown under Policy Data, divided by 12.

Do policy changes affect this rider?

If the policy's specified amount is changed for any reason, this
rider's monthly deduction will also be changed.

Is there a suicide exclusion and incontestable period?

Yes. The suicide exclusion and incontestability provision of this
policy also apply to this rider.

When will this rider terminate?

This rider will terminate on the earliest of the following:

1. the monthly date on or next following receipt of your written
request for coverage to end; or

2. the Expiration Date as shown under Policy Data; or

3. the date the policy terminates.

What is the effective date of this rider?

The effective date of this rider is the policy date of the policy
unless a different date is shown under Policy Data.

IDS Life Insurance Company

/s/ William A. Stoltzmann

Secretary<PAGE>
PAGE 39
Flexible Premium Survivorship
Variable Life Insurance Policy

IDS Life Insurance Company
IDS Tower 10
Minneapolis, Minnesota 55440

<PAGE>
PAGE 1
ADDENDUM TO INVESTMENT MANAGEMENT AND SERVICES AGREEMENT

"Part Two: COMPENSATION TO INVESTMENT MANAGER" paragraph (1) of
the Investment Management and Services Agreement between IDS Life
Series Fund, Inc. (the Fund) and IDS Life Insurance Company (IDS
Life) dated December 17, 1985, has been modified as follows. All
other provisions of this Investment Management and Services
Agreement remain in full force and effect.

(1) The Fund agrees to pay IDS Life, and IDS Life covenants and
agrees to accept from the Fund in full payment for all the services
furnished, and for the use of all facilities and equipment, and for
all expenses paid or reimbursed by IDS Life hereunder, a fee for
each calendar day of each year equal to the total of 1/365th
(1/366th in each leap year) of:

.70 percent for the Equity Portfolio
.70 percent for the Income Portfolio
.70 percent for the Managed Portfolio
.70 percent for the Government Securities Portfolio
.95 percent for the International Equity Portfolio and
.50 percent for the Money Market Portfolio

to be computed for each day on the basis of net assets as of the
close of business of the full business day two (2) business days
prior to the day for which the computation is being made. In the
case of the suspension of the computation of net asset value, the
said fee for each day during such suspension shall be computed as
of the close of business on the last full business day on which the
net assets were computed. As used herein, "net assets" as of the
close of a full business day shall include all transactions in
shares of the Fund recorded on the books of the Fund for that day.

IN WITNESS WHEREOF, the parties have executed the Addendum as of
the 28th day of October, 1994.

IDS LIFE SERIES FUND, INC.

Attest:/s/ Colleen Curran By: /s/ Richard W. Kling
Colleen Curran Richard W. Kling

Title: Secretary Title: President

IDS LIFE INSURANCE COMPANY

Attest:/s/ Nancy Careaga By:/s/ William A. Stoltzmann
Nancy Careaga William A. Stoltzmann

Title: Assistant Secretary Title: Vice President

<PAGE>
PAGE 1
ADDENDUM TO INVESTMENT ADVISORY AGREEMENT

The following provision is added to Section 6, Compensation to IDS,
of the Investment Advisory Agreement between IDS Life Insurance
Company (IDS Life) and IDS/American Express, Inc. (IDS) [now known
as IDS Financial Corporation] dated July 11, 1984. All other
provisions of this Investment Advisory Agreement remain in full
force and effect.

6. Compensation to IDS. In addition to the fee for services
provided under the Investment Advisory Agreement described above,
IDS Life Series Fund, Inc. for the International Equity Portfolio
shall pay IDS life a fee for each calendar day of each year equal
to the total of 1/365th (1/366th in each leap year) of 0.25% of the
total net assets of the International Equity Portfolio for a total
of 0.50% of the net assets of the International Equity Portfolio.
This additional 0.25% fee shall be paid on a monthly basis in cash
by IDS Life to IDS within five (5) business days after the last day
of each month.

(IN WITNESS WHEREOF, the parties have executed the Addendum as of
the 28th day of October, 1994.)

IDS LIFE INSURANCE COMPANY

Attest:/s/ Nancy Careaga By: /s/ Richard W. Kling
Nancy Careaga Richard W. Kling

Title: Assistant Secretary Title: President

IDS FINANCIAL CORPORATION

Attest:/s/ Colleen Curran By: /s/ William A. Stoltzmann
Colleen Curran William A. Stoltzmann

Title: Secretary Title: Vice President

<PAGE>
PAGE 1
<TABLE><CAPTION>
<S> <C>
IDS Life Insurance Company Life and Disability
P.O. Box 499 Income Insurance
Minneapolis, Minnesota 55440-0499 Application
-----------------------------------------------------------------------------------------------------------------------------------
Insured Other Insured Rider (OIR)/2nd Insured
Please provide both day and evening telephone numbers Please provide both day and evening telephone numbers
Day (____) ____________ Evening (____) _____________ Day (____) ____________ Evening (____) _____________
Best time to call ___________ Day ___________ Evening Best time to call ___________ Day ___________ Evening
-----------------------------------------------------------------------------------------------------------------------------------
Section A Insured and Owner Information
1. Insured: Is insured the owner? __ Yes __ No Other Insured Rider (OIR)__ or 2nd Insured __ ?
Is OIR/2nd Insured the owner? __ Yes __ No
----------------------------------------------------- ----------------------------------------------------------------------
__ Mr. __ Mrs. __ Miss __ Ms. __ Mr. __ Mrs. __ Miss __ Ms.
----------------------------------------------------- ----------------------------------------------------------------------
Insured's name (first) (full middle) (last) OIR/2nd Insured's name (first) (full middle) (last)

----------------------------------------------------- ----------------------------------------------------------------------
Home address (street) Home address (street)

----------------------------------------------------- ----------------------------------------------------------------------
City, State, Zip City, State, Zip

----------------------------------------------------- ----------------------------------------------------------------------
Social Security No. Social Security No.

----------------------------------------------------- ----------------------------------------------------------------------
Birthdate Marital status State of birth __ Male Birthdate Marital status State of birth __ Male
__ Female __ Female
----------------------------------------------------- ----------------------------------------------------------------------
Citizenship Citizenship
__ U.S. __ Other ___________________________________ __ U.S. __ Other _____________________________________
----------------------------------------------------- ----------------------------------------------------------------------
Occupation Self-Employed Occupation Self-Employed
__ Yes __ No __ Yes __ No
----------------------------------------------------- ----------------------------------------------------------------------
Individual occ. income Net worth Household income Individual income from occupation Relationship to insured
$ $ $ $
----------------------------------------------------- ----------------------------------------------------------------------
Employer name Employer name

----------------------------------------------------- ----------------------------------------------------------------------
Address (street) Address (street)

----------------------------------------------------- ----------------------------------------------------------------------
City, State, Zip City, State, Zip
----------------------------------------------------- ----------------------------------------------------------------------

2. Owner (Complete if owner is different from Insured/OIR/2nd Insured)
--------------------------------------------------------------------------------------------------------------------------------
__ Mr. __ Mrs. Owner's name (first) (full middle) (last) Birthdate __ Male
__ Miss __ Ms. __ Female
--------------------------------------------------------------------------------------------------------------------------------
Individual occ. income Net worth Household income Bus. Tax ID, Taxpr. ID or Social Security No. Relationship to insured
$ $ $
--------------------------------------------------------------------------------------------------------------------------------
Home address (street) (city) (state) (zip)

--------------------------------------------------------------------------------------------------------------------------------
Employer name Address (street) (city) (state) (zip)

--------------------------------------------------------------------------------------------------------------------------------
3. Ownerships
--------------------------------------------------------------------------------------------------------------------------------
__ Individual

__ Business: __ Sole Proprietorship (03) __ S Corporation (01) __ Partnership (02) __ C Corporation (01)
Type of Business Insurance: __ Buy/Sell __ Business Debt Protection __ Split Dollar __ Key Person
__ Other ____________________ __ Executive Bonus __ Deferred Compensation
(nongovernmental)
__ Trust: __ Revocable __Irrevocable Name of Trust ____________________________________________________________________
Date of Trust ________________ Trustee taxpayer identification number ______________________________________________
Name and address of Trustee _________________________________________________________________________________________

__ Other __________________________________________________________________________________________________________________
<PAGE>
PAGE 2
--------------------------------------------------------------------------------------------------------------------------------
Section B Life Insurance

1. Life Insurance Plan

--------------------------------------------------------------------------------------------------------------------------------
Insured Amount $ OIR Amount $

--------------------------------------------------------------------------------------------------------------------------------

(You must select either Option 1 or Option 2 for these plans)

__ Life Protection Plus
__ Variable Universal Life II __ Death Benefit Option 1: Initial death benefit is insured amount.
__ Variable Universal Life II 350 __ Death Benefit Option 2: Initial death benefit is insured amount plus
__ Survivorship Variable Life (V2D) accumulated cash value. Cost of insurance is greater than Option 1.
__ 1-Year Term __ 10-Year Term
__ Whole Life
__ Other ____________________________________________________________________________________________________________________

--------------------------------------------------------------------------------------------------------------------------------
Variable Universal Life & Survivorship Variable Life Allocations (complete financial suitability statement on signature page).
--------------------------------------------------------------------------------------------------------------------------------
Premium allocation: (premium amount to be directed to specific investment options within policy)
Monthly deductions: (investment options within the policy from which the cost of insurance will be deducted)
Owner's tax bracket _____________% (required for VUL & V2D policies)
Investment Premium Monthly Investment Premium Monthly Investment Premium Monthly
options allocation deductions options allocation deductions options allocation deductions

Fixed _________% _________% Equity __________% _________% 2004 Trust _________% _________%

Income _________% _________% Money Market __________% _________% Other _________ _________% _________%

Managed _________% _________% Gov't securities __________% _________% Other _________ _________% _________%

Int'l Equity _________% _________% 100% 100%
--------------------------------------------------------------------------------------------------------------------------------

2. Life Insurance Riders
--------------------------------------------------------------------------------------------------------------------------------

__ Other Insured Rider (OIR). Complete OIR in Section A and OIR Amount $ and Beneficiary in Section B.
__ Accelerated Benefit Rider for Terminal Illness
__ Waiver of Premium or Waiver of Monthly Deduction
__ Accidental Death Benefit of $_____________________________
__ Four Term of $_______________ (V2D Only)
__ Policy Split Option (V2D Only)

__ Other ____________________________________________________________________________________________________________________
--------------------------------------------------------------------------------------------------------------------------------

__ Children's Insurance (CIR) __________ Units
Complete FIR/CIR information below.
__ Family Insurance (FIR) __________ Units

Children's Insurance Rider and Family Insurance Rider Information:

A. __ Mr. __ Mrs. Spouse information (first, middle and last name) Birthdate State of birth Height Weight
__ Miss __ Ms. __________________________________________________ _____________ __________________ __________ __________

B. Name(s) of children to be covered by rider (must be under age 19 and unmarried) Physical/mental abnormalities at birth?
Name (first) (full middle) (last) Birthdate Sex (if yes, explain here)
______________________________________________________________________________ __ Yes __ No __________________________
______________________________________________________________________________ __ Yes __ No __________________________
______________________________________________________________________________ __ Yes __ No __________________________

C. Has anyone listed above received treatment for any disease, physical or mental condition in the past five years?
__ Yes __ No

D. Is this insurance intended to replace any existing insurance and/or annuity? __ Yes __ No

E. If yes to C or D above, explain here ______________________________________________________________________________________
___________________________________________________________________________________________________________________________

F. Are there any children under the age of 19 and unmarried not listed above __ Yes __ No
If yes, list name, birthdate and reason for exclusion _____________________________________________________________________
___________________________________________________________________________________________________________________________

<PAGE>
PAGE 3
Section B Life Insurance (continued)

3. Life Insurance Premiums

--------------------------------------------------------------------------------------------------------------------------------
Amount of scheduled/ Amount paid with Lump-sum amount to be Premium Payment Frequency
annual premiums application paid on delivery of policy __ Monthly __ Quarterly
$________________________ $________________________ $_____________________________ __ Semiannually __ Annually
--------------------------------------------------------------------------------------------------------------------------------
Method of Payment: __ New Bank Authorization __ Add to Existing Bank Authorization account no. ___________________________
(BA can be set up for monthly or quarterly frequencies only. Complete attached BA form.)

__ Direct Billing __ Other ____________________________________________________________________________
--------------------------------------------------------------------------------------------------------------------------------

4. Life Insurance Beneficiary (for Survivorship Variable Life, complete b. below)

--------------------------------------------------------------------------------------------------------------------------------

a. Option A. Beneficiary is: Insured's designated spouse, if living, otherwise the beneficiaries are the living lawful children
of the Insured and they will receive equal shares of the proceeds.

Option B. Beneficiary is: Insured's designated spouse, if living, otherwise, the beneficiaries are the living lawful children
of the Insured and they will receive equal shares of the proceeds; provided, however, that if a child of the Insured
has died before the Insured, the share which the child would have received if he/she survived the Insured will be
paid to his/her living lawful children in equal shares.

Option C. Other designation.

Insured: OIR:

__ Option A __ Option B __ Option C __ Option A __ Option B __ Option C

For Option A or B: For Option A or B:

Insured's spouse's full name ______________________________________ OIR's spouse's full name ________________________________

Option C: Other designation _______________________________________ Option C: Other designation _____________________________

___________________________________________________________________ _________________________________________________________

Relationship to Insured ___________________________________________ Relationship to OIR ____________________________________

b. Survivorship Variable Life Beneficiary designation ___________________________________________________________________________

______________________________________________________________________________________________________________________________

Relationship to Insureds _____________________________________________________________________________________________________

--------------------------------------------------------------------------------------------------------------------------------

5. Juvenile Insurance

--------------------------------------------------------------------------------------------------------------------------------
COMPLETE IF INSURED IS UNDER AGE 15
--------------------------------------------------------------------------------------------------------------------------------
Did the representative see this child? Is there similar insurance in force or applied for on all brothers and sisters?

__ Yes __ No __ Yes __ No If not, why? _____________________________________________________

Amount of life insurance already in force on the person responsible for child's primary support $_____________________________

X _______________________________________________ X ____________________________________________ ________________________
Signature of Parent or Legal Guardian Signature of Witness Date

--------------------------------------------------------------------------------------------------------------------------------

31445 A 3 (7/95)
<PAGE>
PAGE 4
Section C Disability Income and Business Expense Protection Insurance

1. Disability Income Insurance Plan

--------------------------------------------------------------------------------------------------------------------------------
Monthly Benefit Insured's Occupation Class Waiting Period

$ __ 1A __ 2A __ 3A __ 30 days __ 60 days __ 90 days
__ 4A __ 5A __ 180 days __ 365 days
--------------------------------------------------------------------------------------------------------------------------------
Duration of Benefit Multiple Case Discount Premium Pattern

__ 1 yr __ 3 yrs __ 5 yrs __ to age 65 __ Yes __ No __ Level __ Step Rate
--------------------------------------------------------------------------------------------------------------------------------
Employer Plan Coverage Unisex Rates (Two participants and employer billing required) __ Yes __ No
--------------------------------------------------------------------------------------------------------------------------------
Disability Provision Occupation Classes 1A, 2A & 3A: __ 2 Years Occupation Protection

Occupation Classes 4A & 5A: __ 5 Years Occupation Protection __ Gradual Recovery Benefits
__ Gradual Recovery Benefits and Occupation Protection Option
--------------------------------------------------------------------------------------------------------------------------------

2. Disability Underwriting Information

--------------------------------------------------------------------------------------------------------------------------------
A. Complete description of job duties. Years of service __________ Number of hours worked per week __________

______________________________________________________________________________________________________________________________

If self-employed: 1. Date business began ___________________________ Number of employees ______________
2. What % of duties are supervisory? ____________________________

B. Any contemplated change in occupation? __ Yes __ No If yes, explain ____________________________________________________

C. Previous occupation if changed in the past five years _____________________________________________________________________

___________________________________________________________________________________________________________________________

D. Amount of unearned income $_______________________________ Source _______________________________________________________

E. Is the Insured a member of a State, Public, or Federal Retirement System? __ Yes __ No

If yes, which one? _____________________________________________________

F. Does the insured have any Disability Income Insurance through his/her employer?

__ Yes __ No If yes, complete questions a-c below:

a. Short-term at $_____________ per month for ______ months and ______ day waiting period
b. Long-term at $_____________ per month for ______ years and ______ day waiting period
c. Is the group disability integrated with Social Security __ Yes __ No

G. Will the Insured's employer be paying the premiums for the IDS Life Disability Insurance? __ Yes __ No

H. Is the Insured eligible for benefits from a required state Cash Sickness disability program? __ Yes __ No

--------------------------------------------------------------------------------------------------------------------------------

31445 A 4 (7/95)
<PAGE>
PAGE 5
Section C Disability Income and Business Expense Protection Insurance (continued)

3. Disability Income Insurance Riders

--------------------------------------------------------------------------------------------------------------------------------
__ Other ___________________________________________________________________________________________________________________

__ Social Benefits Rider $____________ per month with waiting period of ______ days.

__ Supplemental DI $____________ per month for ______ months and ______ day waiting period

__ Cost-of-Living Maximum ____________% (classes 2A, 3A, 4A and 5A)

__ Future Purchase Option $____________ Pool Amount

__ Hospital Indemnity $____________ per month
--------------------------------------------------------------------------------------------------------------------------------
__ Accidental Death and Dismemberment (AD&D) $_______________ Complete AD&D Beneficiary information below

AD&D Beneficiary

__ Option A __ Option B Insured's spouse's full name _________________________________________________________________

__ Option C Other designation _____________________________________________________________________________________________
_________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________
Relationship to Insured __________________________________________________________________________________________________
--------------------------------------------------------------------------------------------------------------------------------

4. Disability Income Insurance Premiums

Annual premiums Amount paid with Amount to be paid on Premium payment Frequency
application delivery of policy __ Monthly __ Quarterly

$_________________________ $__________________________ $_____________________________ __ Semiannually __ Annually

Method of Payment: __ New Bank Authorization __ Add to Existing Bank Authorization account no. _____________________________
(BA can be set up for monthly or quarterly frequencies only. Complete attached BA form.)

__ Direct Billing __ Other ______________________________________________________________________________

--------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
Business Expense Protection Insurance
-----------------------------------------------------------------------------------------------------------------------------------

1. Business Expense Protection Insurance Plan

(Cannot be applied for without personal Disability Income Protection in force or applied for.)
Complete Disability Underwriting Information Section

--------------------------------------------------------------------------------------------------------------------------------
Monthly Benefit Insured's Occupation Class Waiting Period Benefit Pattern
$___________________________________ __ 3A __ 4A __ 5A __ 30 days __ 60 days __ Level
Submit Form 34591 __ 90 days __ Increasing
(Available on DI Proposal System)
Multiple Case Discount __ Yes __ No
--------------------------------------------------------------------------------------------------------------------------------

2. Business Expense Protection Insurance Premiums

--------------------------------------------------------------------------------------------------------------------------------
Annual premiums Amount paid with Amount to be paid on Premium Payment Frequency
application delivery of policy __ Monthly __ Quarterly
$___________________________ $_____________________________ $_________________________________ __ Semiannually __ Annually

__ Direct Billing __ Other ______________________________________________________________________________
--------------------------------------------------------------------------------------------------------------------------------
<PAGE>
PAGE 6
Section D Medical History

----------------------------------------------------------- -------------------------------------------------------------------
Insured: Other Insured Rider (OIR)/2nd Insured:
----------------------------------------------------------- -------------------------------------------------------------------
Doctor or Clinic Doctor or Clinic

1. 1.
----------------------------------------------------------- -------------------------------------------------------------------
Patient number Phone number Patient number Phone number

----------------------------------------------------------- -------------------------------------------------------------------
Address City State Zip Address City State Zip

----------------------------------------------------------- -------------------------------------------------------------------
Date last seen Reason last seen Date last seen Reason last seen

----------------------------------------------------------- -------------------------------------------------------------------

2. Height __________ Weight _________________ 2. Height __________ Weight _________________

3. Have you ever had, or been told you had, consulted 3. Have you ever had, or been told you had, consulted
with, been tested for or treated by a doctor or medical with, been tested for or treated by a doctor or medical
practitioner for the following: (circle disorder for practitioner for the following: (circle disorder for
"Yes" answers) "Yes" answers)

A. Cancer or tumor, unusual fatigue, disorder of the A. Cancer or tumor, unusual fatigue, disorder of the
muscles, bones, neck, back, joints, skin, liver, kidneys, muscles, bones, neck, back, joints, skin, liver, kidneys,
urinary tract, digestive, or reproductive system? urinary tract, digestive, or reproductive system?
__ Yes __ No __ Yes __ No
Date of last consultation, test or treatment ___________ Date of last consultation, test or treatment ___________

B. Chest pain, disorder of the heart, circulation, high B. Chest pain, disorder of the heart, circulation, high
blood pressure, lung or breathing disorder, diabetes, blood pressure, lung or breathing disorder, diabetes,
epilepsy, stroke, loss of consciousness, paralysis, epilepsy, stroke, loss of consciousness, paralysis,
brain or nervous system? __ Yes __ No brain or nervous system? __ Yes __ No
Date of last consultation, test or treatment ___________ Date of last consultation, test or treatment ___________

C. Mental illness, depression, emotional disorder, alcohol C. Mental illness, depression, emotional disorder, alcohol
or drug/substance abuse? __ Yes __ No or drug/substance abuse? __ Yes __ No
Date of last consultation, test or treatment ___________ Date of last consultation, test or treatment ___________

4. Have you ever been diagnosed or received treatment by 4. Have you ever been diagnosed or received treatment by
a member of the medical profession for AIDS (Acquired a member of the medical profession for AIDS (Acquired
Immune Deficiency Syndrome) or ARC (AIDS-Related Immune Deficiency Syndrome) or ARC (AIDS-Related
Complex?) __ Yes __ No Complex?) __ Yes __ No
Date of last consultation, test or treatment ______________ Date of last consultation, test or treatment ___________

5. Within the past five years have you stayed overnight in a 5. Within the past five years have you stayed overnight in a
hospital or gone to an emergency room for any illness, hospital or gone to an emergency room for any illness,
or injury, been to a medical clinic, therapist or doctor, or injury, been to a medical clinic, therapist or doctor,
or presently have a physical impairment or illness not or presently have a physical impairment or illness not
listed above? __ Yes __ No listed above? __ Yes __ No
Date of last consultation, test or treatment Date of last consultation, test or treatment
If yes, give reason: If yes, give reason:
_________________________________________________________ _________________________________________________________
_________________________________________________________ _________________________________________________________
_________________________________________________________ _________________________________________________________

6. Have you smoked cigarettes in the past 12 months? 6. Have you smoked cigarettes in the past 12 months?
__ Yes __ No __ Yes __ No
Have you ever smoked cigarettes? __ Yes __ No Have you ever smoked cigarettes? __ Yes __ No
Date ceased smoking cigarettes __________________________ Date ceased smoking cigarettes __________________________
Have you used tobacco in any other form? __ Yes __ No Have you used tobacco in any other form? __ Yes __ No
If yes, what is used? ___________________________________ If yes, what is used? ___________________________________
What amount? ____________________________________________ What amount? ____________________________________________
Date last used? _________________________________________ Date last used? _________________________________________

----------------------------------------------------------- -------------------------------------------------------------------

31445 A 6 (7/95)
<PAGE>
PAGE 7
Section E Underwriting Information

------------------------------------------------------------- -----------------------------------------------------------------
Insured Other Insured Rider (OIR)/2nd Insured:

1. Do you have any current plans to travel outside of the Do you have ny current plans to travel outside the
United States?: __ Yes __ No United States?: __ Yes __ No
If yes, where ____________________________________________ If yes, where __________________________________________
For how long ______________________ Reason _______________ For how long ______________________ Reason _____________
__________________________________________________________ ________________________________________________________
__________________________________________________________ ________________________________________________________

2. During the past five years have you: During the past five years have you?

A. Flown, or do you contemplate flying as a pilot, student A. Flown, or do you contemplate flying as a pilot, student
pilot or crew member? __ Yes __ No pilot or crew member? __ Yes __ No

B. Participated in or do you contemplate participating in B. Participated in or do you contemplate participating in
motorcycle riding, racing (automobile, snowmobile, motorcycle riding, racing (automobile, snowmobile,
motorcycle, boat), skin/scuba diving, skydiving, hang- motorcycle, boat), skin/scuba diving, skydiving, hang-
gliding, or other similar activities? gliding, or other similar activities?
__ Yes __ No __ Yes __ No
If yes, what activity? ________________________________ If yes, what activity? ________________________________

------------------------------------------------------------- -----------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------

Insured:

3. Have you ever had an application for insurance declined, postponed or modified in any way? __ Yes __ No
If yes, provide date ___________________ Company name _________________________________________________________________________
Reason ________________________________________________________________________________________________________________________

4. Will this insurance replace any existing insurance or annuity policies? __ Yes __ No
If replacing an existing IDS Life policy, the cash value should be: __ rolled to the new IDS Life policy __ returned to the client

5. List any annuities, or life or disability income insurance currently in force or applied for:

Plan Policy Ins. amount/ D.I. yrs ADB Will this
Company name type Policy number date mo. income payable amount be replaced?*

_________________ ______ _____________________ ___________ $_________________ _____________ $___________ __ Yes __ No

_________________ ______ _____________________ ___________ $_________________ _____________ $___________ __ Yes __ No
*If the insurance applied for will replace any existing insurance, Submit replacement form(s) if required.

-----------------------------------------------------------------------------------------------------------------------------------

Other Insured Rider (OIR)/2nd Insured:

3. Have you ever had an application for insurance declined, postponed or modified in any way? __ Yes __ No
If yes, provide date ____________ Company name ______________________________________________________________________________
Reason _______________________________________________________________________________________________________________________

5. List any annuities, or life or disability income insurance currently in force or applied for:

Plan Policy Ins. amount/ D.I. yrs ADB Will this
Company name type Policy number date mo. income payable amount be replaced?*

_________________ ______ _____________________ ___________ $_________________ _____________ $___________ __ Yes __ No

-----------------------------------------------------------------------------------------------------------------------------------

<PAGE>
PAGE 8
IDS Life Insurance Company Life and Disability
P.O. Box 499 Income Insurance
Minneapolis, Minnesota 55440-0499 Application

Agreement and Signature
-----------------------------------------------------------------------------------------------------------------------------------

Agreement

By signing this application, you acknowledge all the following terms and conditions.

Adequate information. You have received the IDS Life's Client Information Practices, and you have read and
understood it.

When coverage begins. You agree that an Insured for life or disability insurance will be covered prior to policy delivery
only when all of the following requirements have been met:

The owner has paid the full first premium, according to the mode of premium payment selected, for all insurance
applied for in this application (any check or draft for that payment must be honored by the bank); and

The Insured has submitted all medical and other information required by the company's written underwriting rules; and

The Insured is insurable on the Effective Date, as defined below, under the company's underwriting rules, for the plan
and amount of coverage at the rate applied for with no modification. "Effective Date" as used herein means the later of:
(a) the date of this application; or (b) the date of completion of all medical examinations and other information required
by the company's written underwriting rules.

In cases where the Insured is not insurable for the plan or the amount or at the rate applied for, coverage begins if and
when the company includes that person under a policy accepted by the owner.

For disability coverage, all disability policies specified to be discontinued in this application must also be discontinued
before coverage will begin. (This limitation is subject to the incontestability provision in the policy.)

Amount of coverage. Before the policies are delivered, the amount of coverage on each Insured will be the total
requested for that person, up to a maximum of $150,000.

Company's responsibilities. You understand that:
Only the officers of the company have the authority to decide on insurability and risk classification and to bind the
company to insure a proposed Insured. The officers of the company are the President, Vice President, Secretary and
Assistant Secretary;

If a policy does not go into effect, the company's sole liability will be to refund any premium paid, plus interest if
required by law;

No change in or waiver of anything in this application or alteration of an insurance policy is binding unless it is in
writing and signed by an officer of the company; and

By accepting a policy, the owner ratifies any changes entered at any time on the Home Office Endorsement form
attached to the policy. However, the owner must sign a separate written document for any change in type of plan,
amount, benefits or Insured's risk classification. (Not applicable in New Jersey and West Virginia.)

Any insurance provided by this agreement will be subject to the conditions and terms of the policy applied for.

Release of Information. You understand and agree that the company will use and release information about you as
described in the attached IDS Life's Client Information Practices. You may inform us not to use information for certain
marketing purposes described in IDS Life's Client Information Practices.

Qualified Plans only. You certify that the plan under Ownership of the insurance application is qualified under
Section 401(a) of the United States Internal Revenue Code. This policy will be issued based on representations by
you that the Plan is qualified.

Declaration

You declare that each of the answers made in this application is true and complete to the best of your knowledge and
belief and will be a basis for any policy issued. You also acknowledge that you have received a copy of this agreement
and receipt for any premium paid with this application.

Certification

You certify, under the penalties of perjury as required by Form W-9 of the Internal Revenue Service, that the names,
addresses and Social Security (taxpayer ID) numbers provided in this application are true, correct and complete.

Client Copy
------------
31445 A
<PAGE>
PAGE 9
Financial Suitability Statement

Variable Universal Life/Survivorship Variable Life. If you have applied for this type of insurance, check each of the
following to acknowledge that you have received and read them:

__ Adequate information. You have received the current prospectuses for the policy applied for and any funds involved.

__ Purpose. You agree that this variable type of insurance is in accord with your insurance and financial objectives.
__ You understand that there can be no assurance that such objectives will be achieved.
__ Your risk tolerance for investment is: __ Low __ Medium __ High
__ Your specific long-term goals and objectives are:
__ Protection __ Tax Deferral __ Capital Appreciation __ Stability of Principal

__ Variable values. The amount of Death Benefit and Policy Value can both increase and decrease; however, the
Death Benefit will never be less than any Guaranteed Minimum Death Benefit.

__ Fees and charges. The fees and charges (including possible surrender charges) have been explained to you and are
also explained in detail in the policy.

Life Protection Plus/Universal Life Insurance. If you have applied for this type of insurance, you acknowledge that you
have been informed that (1) the company may periodically change the current interest rate being credited on cash values,
and (2) that surrender charges may apply in certain circumstances.

Authorization to Obtain Information -- IDS Life Insurance Company
You authorize any physician, medical practitioner, hospital, other medical facility, the Medical Information Bureau,
employer, and consumer reporting agency having medical and other information about you and your minor children to
give that information to the company or its reinsurer. You understand that the company will use this information to
determine eligibility for insurance and benefits. You acknowledge that your medical records, including any alcohol or drug
abuse information, may be protected by the Federal Alcohol and Drug Abuse Regulation 42 CFR Part 2.
You authorize the company to obtain investigative consumer reports on you and your minor children. You understand that
you have the right to request a personal interview if an investigative consumer report is obtained.
You agree that a photographic copy of this authorization will be as valid as the original.
You agree that this authorization will be valid for two and one-half years from the date shown below.
You acknowledge that you have received a copy of this authorization.

Signatures (Insureds under age 15 need not sign.)

Insured (base plan) X____________________________________ OIR/2nd Insured X_________________________________________________
FIR Spouse X____________________________________ OIR Insured X_____________________________________________________

Owner's signature (omit if owner already signed as an insured) X_____________________________________________________________

Signed on (date) ____ - ____ - ____, (state) __________, at (city), X___________________________________________________________

Receipt
-----------------------------------------------------------------------------------------------------------------------------------
All checks must be completed in full and be made payable to the company (not to the representative).

Received from ______________________________________________ the sum of $______________________________ with this application.

__ No money paid with this application.

Representative's Report
-----------------------------------------------------------------------------------------------------------------------------------

Is Insured related to representative? __ Yes __ No If yes, give relationship ________________________________________________
You certify that you personally requested the information in this application and witnessed its signing and received any
money that was paid. You also certify that you truly and accurately recorded on this application the information supplied by
the applicant. You are not aware of anything detrimental to the risk that is not recorded in this application.

To the best of your knowledge and belief this application __ does __ does not involve replacement of existing insurance
or annuities.

Representative's signature X___________________________________________________________ No. _______________ DO _______________

Compensation _____________________________% Phone (________) ________ - ________________________ Team ID ______________________

Representative's name (print) ____________________________________________________________________________

Joint Representative's signature X___________________________________________________ No. _______________

Compensation _____________________________% Phone (________) ________ - ________________________ Team ID ______________________

Compensation percentages must equal 100%.

Indicate Fax No. (________) ________ - ________________________ If you want to receive status information via FAX

instead of Telememo.
31445 A

</TABLE>

<TABLE> <S> <C>
<PAGE>
<ARTICLE> 7
<CIK> 0000768836
<NAME> IDS Life Insurance Company
<MULTIPLIER> 1000
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<FISCAL-YEAR-END> DEC-31-1993 DEC-31-1994 DEC-31-1995
<PERIOD-START> JAN-01-1993 JAN-01-1994 JAN-01-1995
<PERIOD-END> DEC-31-1993 DEC-31-1994 JUN-30-1995
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0 0 0
0 0 0
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<TOTAL-LIABILITY-AND-EQUITY>33057753 35747543 39628460
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<INVESTMENT-INCOME> 1783219 1781873 936720
<INVESTMENT-GAINS> (6737) (4282) (2750)
<OTHER-INCOME> 304344 384105 222601
<BENEFITS> 1341638 1303351 723316
<UNDERWRITING-AMORTIZATION> 211733 280372 124617
<UNDERWRITING-OTHER> 241974 210101 110293
<INCOME-PRETAX> 412726 512512 277112
<INCOME-TAX> 142647 176343 96380
<INCOME-CONTINUING> 270079 336169 180732
<DISCONTINUED> 0 0 0
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> 270079 336169 180732
<EPS-PRIMARY> 0 0 0
<EPS-DILUTED> 0 0 0
<RESERVE-OPEN> 18004 20636 20636
<PROVISION-CURRENT> 94976 93683 57891
<PROVISION-PRIOR> 0 0 0
<PAYMENTS-CURRENT> 92344 91091 54397
<PAYMENTS-PRIOR> 0 0 0
<RESERVE-CLOSE> 20636 23228 23748
<CUMULATIVE-DEFICIENCY> 0 0 0

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<TABLE> <S> <C>
<PAGE>
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<CIK> 0000768836
<NAME> IDS Life Variable Life Separate Account for Flexible
Premium Survivorship Variable Life Insurance
<CURRENCY> U.S. DOLLAR U.S. DOLLAR
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1994
<PERIOD-START> JAN-01-1995 JAN-01-1994
<PERIOD-END> JUN-30-1995 DEC-31-1994
<PERIOD-TYPE> 6-MOS YEAR
<EXCHANGE-RATE> 1 1
<INVESTMENTS-AT-COST> 431127215 363708709
<INVESTMENTS-AT-VALUE> 485308998 379819013
<RECEIVABLES> 1172323 925584
<ASSETS-OTHER> 0 0
<OTHER-ITEMS-ASSETS> 0 0
<TOTAL-ASSETS> 486481321 380744597
<PAYABLE-FOR-SECURITIES> 0 0
<SENIOR-LONG-TERM-DEBT> 0 0
<OTHER-ITEMS-LIABILITIES> (38271) (1390592)
<TOTAL-LIABILITIES> (38271) (1390592)
<SENIOR-EQUITY> 0 0
<PAID-IN-CAPITAL-COMMON> 0 0
<SHARES-COMMON-STOCK> 215711697 184501087
<SHARES-COMMON-PRIOR> 184501087 119902689
<ACCUMULATED-NII-CURRENT> 0 0
<OVERDISTRIBUTION-NII> 0 0
<ACCUMULATED-NET-GAINS> 0 0
<OVERDISTRIBUTION-GAINS> 0 0
<ACCUM-APPREC-OR-DEPREC> 0 0
<NET-ASSETS> 484642313 379354005
<DIVIDEND-INCOME> 10017171 30083213
<INTEREST-INCOME> 0 0
<OTHER-INCOME> 0 0
<EXPENSES-NET> (1936189) (2791167)
<NET-INVESTMENT-INCOME> 8080982 27292046
<REALIZED-GAINS-CURRENT> 53127 (49699)
<APPREC-INCREASE-CURRENT> 38071468 (23853117)
<NET-CHANGE-FROM-OPS> 46205577 3389230
<EQUALIZATION> 0 0
<DISTRIBUTIONS-OF-INCOME> 0 0
<DISTRIBUTIONS-OF-GAINS> 0 0
<DISTRIBUTIONS-OTHER> 0 0
<NUMBER-OF-SHARES-SOLD> 45812424 89534886
<NUMBER-OF-SHARES-REDEEMED> (14601814) (24936488)
<SHARES-REINVESTED> 0 0
<NET-CHANGE-IN-ASSETS> 105288308 132971209
<ACCUMULATED-NII-PRIOR> 0 0
<ACCUMULATED-GAINS-PRIOR> 0 0
<OVERDISTRIB-NII-PRIOR> 0 0
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<AVERAGE-NET-ASSETS> 431998159 312868401
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<PER-SHARE-DISTRIBUTIONS> 0 0
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<AVG-DEBT-OUTSTANDING> 0 0
<AVG-DEBT-PER-SHARE> 0 0

</TABLE>
<PAGE>
PAGE 1

September 20, 1995

IDS Life Insurance Company
IDS Tower 10
Minneapolis, Minnesota 55440

Gentlemen:

This opinion is furnished in connection with the Pre-Effective
Amendment No. 1 (Amendment) by IDS Life Insurance Company for the
filing of the Flexible Premium Survivorship Variable Life Insurance
Policy ("the Policy") under the Securities Act of 1933. The
prospectus included on Form S-6 in the Amendment describes the
Policy. I am familiar with the Policy, the Amendment and the
exhibits thereto. In my opinion, the illustrations of Death
Benefits, Policy Values, and Surrender Values included in the
section of the prospectus entitled "Illustrations", under the
assumptions stated in that section, are consistent with the
provisions of the Policy.

I hereby consent to the use of this opinion as an exhibit to the
registration statement and to the reference to my name under the
heading "Experts" in this prospectus.

Very Truly Yours,

James M. Jensen, F.S.A., M.A.A.A.
Director - Insurance Product Development

<PAGE>
PAGE 1

CONSENT OF ACTUARY

The Board of Directors
IDS Life Insurance Company

I consent to the reference to me under the caption "Experts" and to
the use of my opinion dated September 20, 1995 on the Illustrations
used by IDS Life Insurance Company in the Prospectus for the
Flexible Premium Survivorship Variable Life Insurance Policy
offered by IDS Life Insurance Company as part of the Pre-Effective
Amendment No. 1 being filed under the Securities Act of 1933.

James M. Jensen, F.S.A., M.A.A.A.
Director - Insurance Product Development

Minneapolis, Minnesota
September 20, 1995

<PAGE>
PAGE 1

Consent of Independent Auditors

We consent to the reference to our firm under the caption "Experts"
and to the use of our report dated February 3, 1995 on the
consolidated financial statements of IDS Life Insurance Company and
our report dated March 17, 1995 on the financial statements of IDS
Life Variable Life Separate Account (comprising, respectively, the
U, V, W, X, Y, and IL subaccounts) for the Flexible Premium
Survivorship Variable Life Insurance Policy to be offered by IDS
Life Insurance Company, in Pre-Effective Amendment No. 1 to the
Registration Statement (Form S-6 No. 33-62457) being filed under
the Securities Act of 1933.

Ernst & Young LLP
Minneapolis, Minnesota
September 21, 1995<PAGE>
<PAGE>
PAGE 1
IDS LIFE INSURANCE COMPANY'S
DESCRIPTION OF TRANSFER AND REDEMPTION PROCEDURES AND
METHOD OF CONVERSION TO FIXED BENEFIT POLICIES

This document sets forth, as required by Rule
6e-3(T)(b)(12)(iii), the administrative procedures that will be
followed by IDS Life Insurance Company ("IDS Life") in connection
with the issuance of its flexible premium survivorship variable
life insurance policy ("Policy"), the transfer of assets held
thereunder, and the redemption by Policyowners of their interests
in said policies. The document also describes the method that IDS
Life will use when a Policy is exchanged for a fixed benefit
insurance policy pursuant to Rule 6e-3(T)(b)(13)(v)(B).

TRANSFER AND REDEMPTION PROCEDURES

I. Purchase and Related Transactions

A. Premium Schedules and Underwriting Standards

This Policy is a flexible premium policy. The Policyowner has
flexibility, subject to certain restrictions, in determining the
amount and frequency of premium payments. At the time of
application, the Policyowner will determine a Scheduled Premium.
The Scheduled Premium is a level amount at a fixed interval of
time. However, the Policyowner can change the Scheduled Premium,
skip premium payments or make additional premium payments.
Generally, the Policyowner may, subject to certain restrictions,
make premium payments in any amount and at any frequency.

Failure to pay a Scheduled Premium will not itself cause a
Policy to lapse. Payment of Scheduled Premiums, however, will not
guarantee that it will remain in force. (For further information
about when a Policy will lapse, see page 5.)

Each month, a deduction is made from the Policy Value for the
cost of insurance, policy fee and optional benefits. This
deduction is based on the age, sex and risk classification of each
Insured and the duration of the Policy.

The Policies will be offered and sold pursuant to established
underwriting standards, and in accordance with state insurance
laws, which prohibit unfair discrimination among Policyowners, but
recognize that insurance costs must be based upon factors such as
age, sex, health or occupation.

B. Application and Initial Premium Processing

Upon receipt of a completed application, IDS Life will follow
certain insurance underwriting (i.e., evaluation of risks)
procedures designed to determine whether the proposed Insureds are
insurable. This process may involve such verification procedures
as medical examinations and may require that further information be
provided by the proposed Insureds before a determination can be
made. A Policy will not be issued and consequently a Policy Date
established, until this underwriting procedure has been completed.
<PAGE>
PAGE 2
If a premium is submitted with the Policy application,
insurance coverage will begin immediately if the Insureds are
insurable under a conditional insurance agreement. Otherwise,
insurance coverage will not begin until coverage is approved by IDS
Life.

If a premium is not paid with the application, insurance
coverage will begin on the date the premium is received, if the
Insureds are insurable under a conditional insurance agreement, or
on the later of the date the premium is received or the date IDS
Life approves coverage if the Insureds are not insurable under a
conditional insurance agreement.

C. Premium Allocation

In the application for a Policy, the Policyowner can allocate
premiums to the Fixed Account and/or the subaccounts. Until the
policy date, the premiums received by IDS Life are held in IDS
Life's Fixed Account and interest at the current Fixed Account rate
is credited on the net premiums. As of the policy date, the net
premiums plus interest accrued thereon will be allocated to the
Fixed Account and/or the subaccounts in accordance with the
allocation instructions received from the Policyowner in the
application. Future net premiums will be allocated to the Fixed
Account and/or the subaccounts, in accordance with the application
allocation instructions unless the Policyowner changes the
allocation instructions by written request. Net premiums received
after the date IDS Life receives the new instructions, will be
allocated to the Fixed Account and/or the subaccounts, based on the
new allocation instructions.

D. Repayment of Loan

A loan made under the policy will be subject to an interest
rate of 6% per year. IDS Life expects to reduce the loan interest
rate after the 10th policy anniversary to 4% per year. The
Policyowner can at any time make a loan repayment which must be at
least $50 or 100% of the amount of the outstanding loan, if less.

When a loan is made, any loan taken from the subaccounts will
be transferred to the Fixed Account. The portion of the Fixed
Account Value which equals indebtedness will be credited with
interest at a rate of 4%.

All loan repayments will be allocated to the Fixed Account
and/or the subaccounts, using the premium allocation percentages in
effect at the time of payment unless the Policyowner specifies that
the loan repayment is to be allocated in a different manner.

II. Transfer Among the Subaccounts and the Fixed Account

The Policy currently has a Fixed Account and six subaccounts.
The subaccounts invest in portfolios of IDS Life Series Fund, Inc.
<PAGE>
PAGE 3
Except as noted in the next paragraph, the Policyowner may
transfer at any time all or part of the value of a subaccount to
other subaccounts, or to the Fixed Account by written request or
other requests acceptable to IDS Life. Each transfer must be for a
minimum of $250 or, if the value of the subaccount is less than
$250, the value of the subaccount. The transfer will take effect
on the date the request is received by IDS Life. IDS Life reserves
the right to limit transfers to five each policy year.

The Policyowner may transfer from the Fixed Account to the
subaccounts once a year but only on a policy anniversary or within
30 days after such policy anniversary. If such a transfer is made,
the Policyowner cannot transfer from the subaccounts back to the
Fixed Account until the next policy anniversary. If IDS Life
receives a request within 30 days before a policy anniversary date,
the transfer will be effective on the anniversary date. If IDS
Life receives a request within 30 days after a policy anniversary
date, the transfer will be effective on the date the request is
received by IDS Life. The minimum transfer amount is $250 or the
Fixed Account Value less indebtedness, if less. The maximum
transfer amount is the Fixed Account Value less indebtedness.

The Policyowner may request a transfer by calling IDS Life.
IDS Life has the authority to honor any telephone transfer request
believed to be authentic. IDS Life is not responsible for
determining the authenticity of such calls. A transfer request
received before 3 p.m. Central time (which is 4 p.m. New York time)
will be processed the same day. If a call or written request is
received after 3 p.m. Central time, the request will be processed
the following business day.

Automated transfers are also available. Automated transfers
of at least $50 may be requested monthly, quarterly, semiannually
or annually. Only one automated transfer arrangement may be in
effect at any time. Policy values may be transferred to one or
more subaccounts and the Fixed Account but can be transferred from
only one account. Automated transfers from the Fixed Account may
not exceed an amount that, if continued, would deplete the Fixed
Account within 12 months. If transfers from the Fixed Account to
one or more of the subaccounts are made, transfers from the
subaccounts back to the Fixed Account will not be allowed until the
next policy anniversary.

III. "Redemption" Procedures: Surrender and Related Transactions

A. Surrender for Cash Value

At any time before the death of the last surviving Insured,
the Policyowner may completely surrender the Policy by written
request. Any surrender payment from the subaccounts will be made
within seven days after IDS Life receives the written request,
unless payment is postponed pursuant to the relevant provisions of
the Investment Company Act of 1940. Any surrender payment from the
Fixed Account may be postponed for up to 6 months. If IDS Life
postpones payment more than 30 days, interest at an annual rate of
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3 percent will be paid on the amount surrendered for the period of
postponement. The surrender payment will equal the Policyowner's
Policy Value minus Indebtedness and, during the first fifteen
policy years, the Surrender Charge.

After the first policy year, the Policyowner may also request
a partial surrender up to 85 percent of the Policy's Cash Surrender
Value by written request or by calling IDS Life. IDS Life has the
authority to honor any telephone surrender request believed to be
authentic. IDS Life is not responsible for determining the
authenticity of such calls. A surrender request received before
3 p.m. Central time (which is 4 p.m. New York time) will be
processed the same day. If the call or written request is received
after 3 p.m., the request will be processed the following business
day. A fee of $25, but not exceeding 2 percent of the amount
surrendered is assessed for each partial surrender. The amount of
any partial surrender must be at least $500.

B. Benefit Claims

As long as the Policy remains in force, IDS Life will pay a
death benefit to the named beneficiary after receipt of due proof
of death of the last surviving Insured unless the Policy is
contested. The amount of the death benefit will be determined as
of the date of death of the last surviving Insured. The death
benefit proceeds will include interest from that date of death
until the date of payment. The death benefit proceeds payable will
be reduced by any Loan Balance.

Prior to the youngest Insured's attained insurance age 100,the
Policy provides two Death Benefit Options - Option 1 (a level
amount option) and Option 2 (a variable amount option). The
Policyowner chooses which option applies.

Under Option 1, the death benefit is the greater of

1) the Specified Amount; or

2) the applicable percentage of the Policy Value.

Under Option 2, the death benefit is the greater of

1) the Policy Value plus the Specified Amount; or

2) the applicable percentage of the Policy Value.

In lieu of payment of the death benefit in a single sum, an
election may be made to apply all or a portion of the proceeds
under one of the fixed benefit settlement options described in the
Policy. The election may be made by the Policyowner during the
Insured's lifetime. The beneficiary may make an election unless
the Policyowner has already done so. The fixed benefit settlement
options are subject to the restrictions and limitations set forth
in the policy.

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On or after the youngest Insured's attained insurance age 100,
the proceeds payable upon the death of the last surviving Insured
will be the Policy's Cash Surrender Value.

C. Policy Lapsation

A lapse will occur if, on a monthly date, the Cash Surrender
Value is less than the monthly deduction for the policy month
following such monthly date. If lapse is going to occur, IDS Life
will notify the Policyowner, and the Policyowner will have a 61 day
grace period to make a premium payment so that the next three
monthly deductions can be made.

The Death Benefit Guarantee to Age 85 provision provides that,
until the youngest Insured's attained insurance age 85 (or 15
policy years, if later), the Policy will not lapse even if the Cash
Surrender Value cannot cover the monthly deduction on a monthly
date if (a) equals or exceeds (b) where:

(a) is the sum of all premiums paid minus any partial
surrenders and minus any indebtedness, and

(b) is the Death Benefit Guarantee to Age 85 premiums shown
in the Policy that have been due since the Policy Date,
including the current month.

The Death Benefit Guarantee to Age 100 provision provides
that, until the youngest Insured's attained insurance age 100, the
Policy will not lapse even if the Cash Surrender Value cannot cover
the monthly deduction on a monthly date if (a) equals or exceeds
(b) where:

(a) is the sum of all premiums paid minus any partial
surrenders and minus any indebtedness, and

(b) is the Death Benefit Guarantee to Age 100 premiums shown
in the Policy that have been due since the Policy Date,
including the current month.

D. Loans

The Policyowner may take loans under the Policy at any time as
long as the resulting indebtedness (including any existing
indebtedness) does not exceed 85% of the Policy Value, less
surrender charges. The Policy is the only security for the loan.
The requested loan amount will be taken from the Fixed Account and
the subaccounts in proportion to their respective values on the
date of the loan, unless the Policyowner requests a different
allocation. Any loan taken from the subaccount will be transferred
to the Fixed Account. The minimum loan amount is $500. (For
further information about the loan provisions, see page 2.)

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The Policyowner may obtain a loan by sending a written request
or calling IDS Life. IDS Life has the authority to honor any
telephone loan request believed to be authentic. IDS Life is not
responsible for determining the authenticity of such calls. A loan
request received before 3 p.m. Central time (which is 4 p.m. New
York time) will be processed the same day. If the call or written
request is received after 3 p.m., the request will be processed the
following business day.

CASH ADJUSTMENT UPON EXCHANGE OF CONTRACT

At any time within 24 months of the Policy's Policy Date, the
Policyowner may exchange the Policy for a Flexible Premium
Survivorship Life Insurance Policy which provides for benefits that
do not vary with the investment return of the Variable Account.
The exchange is accomplished by transferring all of the Policy
Value in the subaccounts to the Fixed Account.

POLICY SPLIT OPTION RIDER

The Policy can be split on a 50/50 basis into two individual
permanent plans of life insurance then offered by IDS Life for
exchange, one on the life of each Insured, upon the occurrence of a
divorce of the Insureds or certain changes in federal estate tax
laws. Evidence of insurability will not be required by IDS Life.
The Specified Amount and Policy Value minus policy loans and
accrued loan interest will be divided evenly between the two
policies.