IDS LIFE SERIES FUND INC
497, 2000-12-29
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                       Supplement Dated January 1, 2001*
                     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 Money Market
Portfolio. The following paragraph replaces the paragraph on Terry Fettig:

         Terry  Seierstad,  senior  portfolio  manager,  manages the  day-to-day
         operations of IDS Life Series Fund - Money Market Portfolio.  He joined
         AEFC in 1982 and has  managed  this Fund since  January  2001.  He also
         serves as  portfolio  manager of AXP  Tax-Exempt  Bond  Fund,  AXP Cash
         Management Fund, and AXP Variable Portfolio - Cash Management Fund.

S-6191-51 A (01/01)
*Valid until June 30, 2001




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