IDS LIFE SERIES FUND INC
497, 2000-12-01
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                       Supplement Dated December 1, 2000*
                     to the Prospectus Dated June 30, 2000
                 of IDS Life Series Fund, Inc. S-6191 P (6/00)

The  following  revision  applies  to the  "Management"  section  of the  Equity
Portfolio. The following paragraphs replace the paragraph on Louis Giglio:

     Louis Giglio and Scott Mullinix are primarily  responsible for managing the
     day-to-day operations of IDS Life Series Fund - Equity Portfolio.

     Louis Giglio,  senior portfolio  manager,  joined AEFC in January 1995 as a
     senior equity analyst. He is co-portfolio manager and has managed this Fund
     since April 1997. He also serves as  co-portfolio  manager for AXP Strategy
     Aggressive Fund, AXP Variable Portfolio - Strategy  Aggressive Fund and the
     AXP Innovations Fund (World Technologies Portfolio).

     Scott  Mullinix,  portfolio  manager,  joined  AEFC in 1987 as a  financial
     advisor.  He is  co-portfolio  manager  and has  managed  this  Fund  since
     November  2000.  He also serves as  co-portfolio  manager for AXP  Strategy
     Aggressive Fund, AXP Variable Portfolio - Strategy  Aggressive Fund and the
     AXP Innovations Fund (World Technologies Portfolio).


S-6191-41 A (01/01)
*Valid until June 30, 2001.




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