<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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SIGNATURE MARY ELLEN MINENKO
TITLE COUNSEL
<TABLE> <S> <C>
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<NUMBER> 1
<NAME> IDS LIFE SERIES EQUITY PORTFOLIO
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<ACCUM-APPREC-OR-DEPREC> 70499525
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<EXPENSES-NET> (1806991)
<NET-INVESTMENT-INCOME> 656062
<REALIZED-GAINS-CURRENT> 22786332
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<DISTRIBUTIONS-OF-GAINS> (73838149)
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<NUMBER-OF-SHARES-SOLD> 2796925
<NUMBER-OF-SHARES-REDEEMED> (180193)
<SHARES-REINVESTED> 3321728
<NET-CHANGE-IN-ASSETS> 72764502
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<AVERAGE-NET-ASSETS> 479405814
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<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> (.30)
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<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> IDS SERIES INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 60278285
<INVESTMENTS-AT-VALUE> 61781133
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<TOTAL-ASSETS> 63438878
<PAYABLE-FOR-SECURITIES> 409424
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<OTHER-ITEMS-LIABILITIES> 430893
<TOTAL-LIABILITIES> 840317
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<PAID-IN-CAPITAL-COMMON> 61293082
<SHARES-COMMON-STOCK> 6161718
<SHARES-COMMON-PRIOR> 5537490
<ACCUMULATED-NII-CURRENT> (811)
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<ACCUMULATED-NET-GAINS> (196558)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1502848
<NET-ASSETS> 62598561
<DIVIDEND-INCOME> 12415
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<EXPENSES-NET> 234723
<NET-INVESTMENT-INCOME> 1988538
<REALIZED-GAINS-CURRENT> 368615
<APPREC-INCREASE-CURRENT> 1062795
<NET-CHANGE-FROM-OPS> 3419948
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<DISTRIBUTIONS-OF-INCOME> (1988538)
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 746519
<NUMBER-OF-SHARES-REDEEMED> (294846)
<SHARES-REINVESTED> 172555
<NET-CHANGE-IN-ASSETS> 7622398
<ACCUMULATED-NII-PRIOR> 3176680
<ACCUMULATED-GAINS-PRIOR> 327190
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<GROSS-EXPENSE> 234723
<AVERAGE-NET-ASSETS> 58361816
<PER-SHARE-NAV-BEGIN> 9.93
<PER-SHARE-NII> .34
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<PER-SHARE-DIVIDEND> (.34)
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<PER-SHARE-NAV-END> 10.16
<EXPENSE-RATIO> .80
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<AVG-DEBT-PER-SHARE> 0
</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-30-1997
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 19230220
<INVESTMENTS-AT-VALUE> 19203220
<RECEIVABLES> 450499
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<TOTAL-ASSETS> 19722659
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<OTHER-ITEMS-LIABILITIES> 94449
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<PAID-IN-CAPITAL-COMMON> 19629142
<SHARES-COMMON-STOCK> 19630034
<SHARES-COMMON-PRIOR> 14319618
<ACCUMULATED-NII-CURRENT> (133)
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<ACCUMULATED-NET-GAINS> (799)
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<NET-ASSETS> 19628210
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 448727
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<EXPENSES-NET> 49802
<NET-INVESTMENT-INCOME> 398925
<REALIZED-GAINS-CURRENT> (62)
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<NET-CHANGE-FROM-OPS> 398974
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<DISTRIBUTIONS-OF-INCOME> (398925)
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 8908779
<NUMBER-OF-SHARES-REDEEMED> (3997457)
<SHARES-REINVESTED> 399094
<NET-CHANGE-IN-ASSETS> 5309855
<ACCUMULATED-NII-PRIOR> 645793
<ACCUMULATED-GAINS-PRIOR> (84)
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<GROSS-ADVISORY-FEES> 41502
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 49802
<AVERAGE-NET-ASSETS> 16511993
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> .02
<PER-SHARE-DIVIDEND> (.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 SERIES MANAGED
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 326005959
<INVESTMENTS-AT-VALUE> 362682880
<RECEIVABLES> 9833149
<ASSETS-OTHER> 75689
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<TOTAL-ASSETS> 372591718
<PAYABLE-FOR-SECURITIES> 4656104
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3430750
<TOTAL-LIABILITIES> 8086854
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 316784635
<SHARES-COMMON-STOCK> 22077703
<SHARES-COMMON-PRIOR> 19205327
<ACCUMULATED-NII-CURRENT> (55452)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 10456928
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37318753
<NET-ASSETS> 364504864
<DIVIDEND-INCOME> 1247477
<INTEREST-INCOME> 6031752
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<EXPENSES-NET> (1269070)
<NET-INVESTMENT-INCOME> 6010159
<REALIZED-GAINS-CURRENT> 10512428
<APPREC-INCREASE-CURRENT> 4954720
<NET-CHANGE-FROM-OPS> 21477307
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<DISTRIBUTIONS-OF-INCOME> (5955347)
<DISTRIBUTIONS-OF-GAINS> (13910481)
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<NUMBER-OF-SHARES-SOLD> 1914309
<NUMBER-OF-SHARES-REDEEMED> (315608)
<SHARES-REINVESTED> 1273675
<NET-CHANGE-IN-ASSETS> 47772571
<ACCUMULATED-NII-PRIOR> 10044599
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<GROSS-EXPENSE> 1269070
<AVERAGE-NET-ASSETS> 337120969
<PER-SHARE-NAV-BEGIN> 16.49
<PER-SHARE-NII> .29
<PER-SHARE-GAIN-APPREC> .72
<PER-SHARE-DIVIDEND> (.29)
<PER-SHARE-DISTRIBUTIONS> (.70)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.51
<EXPENSE-RATIO> .75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</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-30-1997
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 12273225
<INVESTMENTS-AT-VALUE> 12610858
<RECEIVABLES> 219389
<ASSETS-OTHER> 53466
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12883713
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 83805
<TOTAL-LIABILITIES> 83805
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12474772
<SHARES-COMMON-STOCK> 12799908
<SHARES-COMMON-PRIOR> 12464405
<ACCUMULATED-NII-CURRENT> (109787)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 97291
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 337633
<NET-ASSETS> 12799908
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 429013
<OTHER-INCOME> 0
<EXPENSES-NET> 50555
<NET-INVESTMENT-INCOME> 378458
<REALIZED-GAINS-CURRENT> (6007)
<APPREC-INCREASE-CURRENT> 220905
<NET-CHANGE-FROM-OPS> 593356
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (481756)
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<NUMBER-OF-SHARES-SOLD> 990887
<NUMBER-OF-SHARES-REDEEMED> (1248740)
<SHARES-REINVESTED> 481756
<NET-CHANGE-IN-ASSETS> 335503
<ACCUMULATED-NII-PRIOR> 732941
<ACCUMULATED-GAINS-PRIOR> 97312
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 44236
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 50555
<AVERAGE-NET-ASSETS> 12570137
<PER-SHARE-NAV-BEGIN> 9.98
<PER-SHARE-NII> .22
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<PER-SHARE-DIVIDEND> (.43)
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<PER-SHARE-NAV-END> 10.06
<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-30-1997
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 86845594
<INVESTMENTS-AT-VALUE> 88241814
<RECEIVABLES> 2196392
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 90515847
<PAYABLE-FOR-SECURITIES> 1524028
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 362892
<TOTAL-LIABILITIES> 1886920
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 84512225
<SHARES-COMMON-STOCK> 6065047
<SHARES-COMMON-PRIOR> 3184151
<ACCUMULATED-NII-CURRENT> 134309
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2941152
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1309859
<NET-ASSETS> 88628927
<DIVIDEND-INCOME> 493916
<INTEREST-INCOME> 378723
<OTHER-INCOME> 0
<EXPENSES-NET> (373589)
<NET-INVESTMENT-INCOME> 499050
<REALIZED-GAINS-CURRENT> 2941152
<APPREC-INCREASE-CURRENT> (4577759)
<NET-CHANGE-FROM-OPS> (1137557)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (499673)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (134309)
<NUMBER-OF-SHARES-SOLD> 2495532
<NUMBER-OF-SHARES-REDEEMED> (79176)
<SHARES-REINVESTED> 464540
<NET-CHANGE-IN-ASSETS> 36567492
<ACCUMULATED-NII-PRIOR> 212955
<ACCUMULATED-GAINS-PRIOR> 5987533
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<GROSS-EXPENSE> 373589
<AVERAGE-NET-ASSETS> 70773362
<PER-SHARE-NAV-BEGIN> 16.35
<PER-SHARE-NII> (.87)
<PER-SHARE-GAIN-APPREC> .63
<PER-SHARE-DIVIDEND> (1.50)
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.61
<EXPENSE-RATIO> 1.05
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
