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<PAGE> PAGE 2
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
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<PAGE> PAGE 21
070 K010500 Y
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 1979
071 B000500 48
071 C000500 8656
071 D000500 1
072 A000500 6
072 B000500 366
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 40
072 G000500 0
072 H000500 0
072 I000500 0
072 J000500 2
072 K000500 0
072 L000500 1
072 M000500 0
072 N000500 2
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 7
072 S000500 0
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 0
072 X000500 52
072 Y000500 6
072 Z000500 320
072AA000500 0
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<PAGE> PAGE 22
072DD020500 0
072EE000500 0
073 A010500 0.2800
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 143
074 B000500 0
074 C000500 1294
074 D000500 9620
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 48
074 L000500 191
074 M000500 0
074 N000500 11296
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074 W000500 0.0000
074 X000500 0
074 Y000500 0
075 A000500 0
075 B000500 11284
076 000500 0.00
024 000600 N
028 A010600 0
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<PAGE> PAGE 23
028 C040600 0
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045 000600 Y
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048 J020600 0.000
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049 000600 N
050 000600 N
051 000600 N
052 000600 N
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<PAGE> PAGE 24
054 C000600 Y
054 D000600 N
054 E000600 N
054 F000600 N
054 G000600 N
054 H000600 N
054 I000600 N
054 J000600 N
054 K000600 N
054 L000600 Y
054 M000600 Y
054 N000600 N
054 O000600 Y
055 A000600 N
055 B000600 N
056 000600 Y
057 000600 N
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
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062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
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066 A000600 Y
066 B000600 N
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066 D000600 N
066 E000600 N
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
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<PAGE> PAGE 25
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
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070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 0
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<PAGE> PAGE 26
072 O000600 0
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<PAGE> PAGE 27
074 X000600 0
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SIGNATURE COLLEEN CURRAN
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> IDS LIFE SERIES EQUITY PORTFOLIO
<S> <C>
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<FISCAL-YEAR-END> APR-30-1995
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 170333553
<INVESTMENTS-AT-VALUE> 195911929
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<TOTAL-ASSETS> 200435802
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<SENIOR-LONG-TERM-DEBT> 0
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<SENIOR-EQUITY> 0
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
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<NAME> IDS LIFE SERIES INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1995
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 34753584
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<REALIZED-GAINS-CURRENT> (201301)
<APPREC-INCREASE-CURRENT> (1039597)
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<DISTRIBUTIONS-OF-INCOME> (1246950)
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<NUMBER-OF-SHARES-SOLD> 281603
<NUMBER-OF-SHARES-REDEEMED> (224074)
<SHARES-REINVESTED> 130596
<NET-CHANGE-IN-ASSETS> 558943
<ACCUMULATED-NII-PRIOR> 1955311
<ACCUMULATED-GAINS-PRIOR> (52946)
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<GROSS-EXPENSE> 138784
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<PER-SHARE-NAV-BEGIN> 9.71
<PER-SHARE-NII> .35
<PER-SHARE-GAIN-APPREC> (.34)
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<PER-SHARE-NAV-END> 9.37
<EXPENSE-RATIO> .80
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> IDS LIFE SERIES MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1995
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 9318771
<INVESTMENTS-AT-VALUE> 9318771
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<TOTAL-ASSETS> 9851477
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<OTHER-ITEMS-LIABILITIES> 46281
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<PER-SHARE-NII> .02
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<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .60
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> IDS LIFE SERIES MANAGED PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1995
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 186073405
<INVESTMENTS-AT-VALUE> 196062062
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<ACCUMULATED-NET-GAINS> 2227766
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> IDS LIFE SERIES GOVERNMENT SECURITIES PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1995
<PERIOD-END> OCT-31-1994
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<NUMBER-OF-SHARES-SOLD> 84391
<NUMBER-OF-SHARES-REDEEMED> (86848)
<SHARES-REINVESTED> 32800
<NET-CHANGE-IN-ASSETS> (1663)
<ACCUMULATED-NII-PRIOR> 604172
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<GROSS-ADVISORY-FEES> 40032
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<GROSS-EXPENSE> 45751
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<PER-SHARE-NAV-BEGIN> 9.88
<PER-SHARE-NII> .28
<PER-SHARE-GAIN-APPREC> (.26)
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<PER-SHARE-NAV-END> 9.62
<EXPENSE-RATIO> .80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> IDS LIFE SERIES INTERNATIONAL EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1995
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 0
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<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (8)
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<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 184779
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<EXPENSES-NET> 8
<NET-INVESTMENT-INCOME> (8)
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<NUMBER-OF-SHARES-SOLD> 18479
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<SHARES-REINVESTED> 0
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<ACCUMULATED-NII-PRIOR> 0
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<PER-SHARE-NAV-END> 10.00
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
