UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 10-Q


     Quarterly  Report Under Section 13 or 15(d) of the Securities  Exchange Act
of 1934

(Mark one)
     [ X ] QUARTERLY  REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES
EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 2000

                                                                  OR

     [ ]  TRANSITION  REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES
EXCHANGE ACT OF 1934

For the transition period from                                     to

                         Commission file number 33-28976

                            IDS LIFE INSURANCE COMPANY
             (Exact name of registrant as specified in its charter)

                           MINNESOTA                      41-0823832
             (State or other jurisdiction of               (I.R.S.
         Employer incorporation or organization)       Identification No.)

         AXP FINANCIAL CENTER, MINNEAPOLIS, MINNESOTA           55474
             (Address of principal executive offices)         (Zip Code)

       (Registrant's telephone number, including area code) (612) 671-1257

     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days. Yes X No

     THE  REGISTRANT  MEETS  THE  CONDITIONS  SET FORTH IN  GENERAL  INSTRUCTION
H(1)(a)  AND (b) OF FORM  10-Q  AND IS  THEREFORE  FILING  THIS  FORM  WITH  THE
PERMITTED ABBREVIATED NARRATIVE DISCLOSURE.

<PAGE>

                           IDS LIFE INSURANCE COMPANY

                                    FORM 10-Q

                    For the Quarter Ended September 30, 2000

                                Table of Contents

PART I - FINANCIAL INFORMATION                                         Page

    Item 1. Financial Statements

             Consolidated Balance Sheets as of
             September 30, 2000 (unaudited) and
             December 31, 1999                                         3 - 4

             Consolidated Statements of Income for the
             three months ended September 30, 2000 and 1999
             (unaudited)                                                   5

             Consolidated Statements of Income for the
             nine months ended September 30, 2000 and 1999
             (unaudited)                                                   6

             Consolidated Statements of Cash Flows for the
             nine months ended September 30, 2000 and 1999
             (unaudited)                                               7 - 8

             Notes to Consolidated Financial Statements
             (unaudited)                                               9 - 10

    Item 2. Management's Discussion and Analysis of
            Consolidated Financial Condition and
            Results of Operations                                     11 - 13

PART II - OTHER INFORMATION                                           14 - 17

SIGNATURES                                                                 18

<PAGE>


                           IDS LIFE INSURANCE COMPANY
                           CONSOLIDATED BALANCE SHEETS
                                  ($ thousands)
<TABLE>
<CAPTION>
<S>                                                          <C>                   <C>

                                                              September 30,          December 31,
ASSETS                                                            2000                   1999
                                                             ----------------      ------------------
                                                               (unaudited)
Investments:
    Fixed Maturities:
       Held to maturity, at amortized cost (Fair value:
            2000, $6,653,928; 1999, $7,105,743)                   $6,696,793              $7,156,292
       Available for sale, at fair value (Amortized cost:
            2000, $12,842,087; 1999, $13,703,137)                 12,173,401              13,049,549
                                                             ----------------      ------------------

                                                                  18,870,194              20,205,841

    Mortgage loans on real estate                                  3,624,211               3,606,377
    Policy loans                                                     616,334                 561,834
    Other investments                                                648,444                 506,797
                                                             ----------------      ------------------

                  Total investments                               23,759,183              24,880,849

Cash and cash equivalents                                            252,482                  32,333

Amounts recoverable from reinsurers                                  391,732                 327,168

Amounts due from brokers                                               1,666                     145

Other accounts receivable                                             56,775                  48,578

Accrued investment income                                            324,118                 343,449

Deferred policy acquisition costs                                  2,885,098               2,674,323

Deferred income taxes                                                195,320                 216,020

Other assets                                                          30,020                  23,941

Separate account assets                                           36,643,767              35,894,732
                                                             ----------------      ------------------

                  Total assets                                   $64,540,161             $64,441,538
                                                             ================      ==================

</TABLE>

<PAGE>

                           IDS LIFE INSURANCE COMPANY
                           CONSOLIDATED BALANCE SHEETS
                       ($ thousands, except share amounts)
                                   (continued)
<TABLE>
<CAPTION>
<S>                                                           <C>                   <C>
                                                               September 30,          December 31,
LIABILITIES AND STOCKHOLDER'S EQUITY                               2000                   1999
                                                              ----------------      ------------------
                                                                (unaudited)
Liabilities:
    Future policy benefits:
       Fixed annuities                                            $19,727,084             $20,552,159
       Universal life-type insurance                                3,413,222               3,391,203
       Traditional life insurance                                     231,224                 226,842
       Disability income and
           long-term care insurance                                   958,828                 811,941
    Policy claims and other
       policyholders' funds                                            61,216                  24,600
    Amounts due to brokers                                             77,888                 148,112
    Other                                                             504,772                 579,678
    liabilities
    Separate account liabilities                                   36,643,767              35,894,732
                                                              ----------------      ------------------

                     Total liabilities                             61,618,001              61,629,267
                                                              ----------------      ------------------

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                                        288,327                 288,327
    Accumulated other comprehensive loss, net of tax:
        Net unrealized securities losses                             (426,015)              (411,230)
    Retained earnings                                               3,056,848               2,932,174
                                                              ----------------      ------------------

                     Total stockholder's equity                     2,922,160               2,812,271
                                                              ----------------      ------------------

Total liabilities and stockholder's equity                        $64,540,161             $64,441,538
                                                              ================      ==================

</TABLE>











                             See accompanying notes.

<PAGE>
                           IDS LIFE INSURANCE COMPANY
                        CONSOLIDATED STATEMENTS OF INCOME
                                  ($ thousands)
                                   (unaudited)
<TABLE>
<CAPTION>
<S>                                                           <C>                   <C>
                                                                        Three months ended
                                                                           September 30,
                                                                   2000                   1999
                                                              ----------------      ------------------
Revenues:
    Premiums:
       Traditional life insurance                                     $13,257                 $13,314
       Disability income and
         long-term care insurance                                      58,011                  51,384
                                                              ----------------      ------------------
                     Total premiums                                    71,268                  64,698

    Policyholder and contractholder charges                           110,439                  99,872
    Management and other fees                                         154,630                 119,551
    Net investment income                                             413,367                 462,424
    Net realized gain on investments                                    9,783                  7,996
                                                              -----------------     -----------------
                     Total revenues                                   759,487                754,541

                                                              -----------------     -----------------

Benefits and expenses:
    Death and other benefits:
       Traditional life insurance                                       7,059                   7,459
       Universal life-type insurance
             and investment contracts                                  33,523                  30,371
       Disability income and
             long-term care insurance                                   9,635                   8,220
    Increase in liabilities for
       future policy benefits:
             Traditional life insurance                                   773                   2,221
             Disability income and
                long-term care insurance                               31,891                  23,948
    Interest credited on universal life-type
       insurance and investment contracts                             292,751                 298,685
    Amortization of deferred policy
       acquisition costs                                               91,350                  88,947
    Other insurance and operating expenses                             83,489                  79,191
                                                              ----------------      ------------------
                     Total benefits and expenses                      550,471                 539,042
                                                              ----------------      ------------------

Income before income taxes                                            209,016                 215,499

Income taxes                                                           51,520                  62,171
                                                              ----------------      ------------------

Net income                                                           $157,496                $153,328
                                                              ================      ==================

</TABLE>



                             See accompanying notes.

<PAGE>

                           IDS LIFE INSURANCE COMPANY
                        CONSOLIDATED STATEMENTS OF INCOME
                                  ($ thousands)
                                   (unaudited)
<TABLE>
<CAPTION>
<S>                                                           <C>                   <C>
                                                                         Nine months ended
                                                                           September 30,
                                                                   2000                   1999
                                                              ----------------      ------------------
Revenues:
    Premiums:
       Traditional life insurance                                     $41,080                 $40,361
       Disability income and
         long-term care insurance                                     168,936                 146,645
                                                              ----------------      ------------------
                     Total premiums                                   210,016                 187,006

    Policyholder and contractholder charges                           331,399                 304,991
    Management and other fees                                         458,688                 344,993
    Net investment income                                           1,321,314               1,429,795
    Net realized gain on investments                                      484                 17,457
                                                              -----------------     -----------------
                     Total revenues                                 2,321,901              2,284,242

                                                              -----------------     -----------------

Benefits and expenses:
    Death and other benefits:
       Traditional life insurance                                      22,773                  22,560
       Universal life-type insurance
             and investment contracts                                  95,189                  88,019
       Disability income and
             long-term care insurance                                  27,884                  22,960
    Increase in liabilities for
       future policy benefits:
             Traditional life insurance                                 4,047                   5,447
             Disability income and
                long-term care insurance                               83,608                  65,473
    Interest credited on universal life-type
       insurance and investment contracts                             888,420                 923,072
    Amortization of deferred policy
       acquisition costs                                              290,216                 279,301
    Other insurance and operating expenses                            255,800                 221,246
                                                              ----------------      ------------------
                     Total benefits and expenses                    1,667,937               1,628,078
                                                              ----------------      ------------------

Income before income taxes                                            653,964                 656,164

Income taxes                                                          179,289                 193,820
                                                              ----------------      ------------------

Net income                                                           $474,675                $462,344
                                                              ================      ==================
</TABLE>



                             See accompanying notes.

<PAGE>

                           IDS LIFE INSURANCE COMPANY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  ($thousands)
                                   (unaudited)
<TABLE>
<CAPTION>
<S>                                                           <C>                    <C>
                                                                          Nine months ended
                                                                            September 30,
                                                                    2000                    1999
                                                              -----------------      -------------------
Cash flows from operating activities:
    Net income                                                        $474,675                 $462,344
    Adjustments to reconcile net income to
       net cash provided by operating activities:
             Policy loans, excluding universal
                life-type insurance:
                  Issuance                                             (49,252)                (43,764)
                  Repayment                                             42,057                  40,865
             Change in amounts recoverable from reinsurers             (64,564)                (44,029)
             Change in other accounts receivable                        (8,197)                 39,778
             Change in accrued investment income                        19,331                  16,695
             Change in deferred policy
                acquisition costs, net                                (210,722)                (41,585)
             Change in liabilities for future policy
                benefits for  traditional life,
                disability income and
                long-term care insurance                               151,269                 111,763
             Change in policy claims and other
                policyholders' funds                                    36,616                 (11,140)
             Change in deferred income taxes                            28,662                  44,451
             Change in other liabilities                               (74,907)                155,664
             Amortization of premium, (accretion of
             discount), net                                             13,413                 (14,986)
             Net realized gain on investments                             (484)                (17,457)
             Policyholder and contractholder charges,
                non-cash                                              (109,984)              (131,370)
             Other, net                                                 (4,230)                 (6,897)
                                                              ------------------       -----------------

                Net cash provided by operating activities             $243,683                $560,332
                                                              ------------------       -----------------

</TABLE>

<PAGE>

                           IDS LIFE INSURANCE COMPANY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  ($ thousands)
                                   (unaudited)
                                   (continued)
<TABLE>
<CAPTION>
<S>                                                           <C>                   <C>
                                                                         Nine months ended
                                                                           September 30,
                                                                   2000                   1999
                                                              ----------------      ------------------
Cash flows from investing activities: Fixed maturities held to maturity:
       Purchases                                                         ($34)                 ($859)
       Maturities, sinking fund payments and calls                    429,956                 572,084
       Sales                                                           25,193                  42,952
    Fixed maturities available for sale:
       Purchases                                                     (732,235)            (3,141,968)
       Maturities, sinking fund payments and calls                    763,611               1,212,007
       Sales                                                          830,997               1,358,234
    Other investments, excluding policy loans:
       Purchases                                                     (468,887)              (474,322)
       Sales                                                          289,985                 314,686
    Change in amounts due from broker                                  (1,521)                   (999)
    Change in amounts due to broker                                   (70,224)                105,987
                                                              -----------------      ------------------

              Net cash provided by (used in) investing
              activities                                            1,066,841                 (12,198)
                                                              -----------------      ------------------

Cash flows from financing activities:
    Activity related to universal life-type insurance
     and investment contracts:
       Considerations received                                      1,402,874               1,455,882
       Surrenders and death benefits                               (2,984,364)            (2,615,240)
       Interest credited to account balances                          888,420                 923,072
    Universal life-type insurance policy loans:
       Issuance                                                       (83,943)               (75,483)
       Repayment                                                       36,638                  52,312
    Cash dividends to parent                                         (350,000)              (290,000)
                                                              -----------------      -----------------

              Net cash used in financing activities                (1,090,375)              (549,457)
                                                              -----------------      -----------------

Net increase (decrease) in cash and cash equivalents                  220,149                  (1,322)

Cash and cash equivalents at beginning of period                       32,333                 22,453
                                                              -----------------      -----------------

Cash and cash equivalents at end of period                            $252,482                $21,131
                                                              =================      =================

</TABLE>




                           See accompanying notes.


<PAGE>

                           IDS LIFE INSURANCE COMPANY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                               September 30, 2000
                                  ($ 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 September 30, 2000,  statements of income
for the three and nine months ended  September 30, 2000 and 1999 and  statements
of cash flows for the nine months ended September 30, 2000 and 1999.

     The Company is a wholly  owned  subsidiary  of American  Express  Financial
Corporation  (AEFC),  which is a  wholly-owned  subsidiary  of American  Express
Company. The accompanying  unaudited  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,  American  Partners Life Insurance
Company and American Express Corporation. All material intercompany accounts and
transactions have been eliminated in consolidation.

2.       Comprehensive income

     Total  comprehensive  income was  $255,849 and $21,445 for the three months
ended September 30, 2000 and 1999  respectively and $459,890 and $24,549 for the
nine months ended September 30, 2000 and 1999 respectively.


3.       Statements of cash flows

     Cash paid for interest on borrowings totaled $3,072 and $2,838 for the nine
months ended  September 30, 2000, and 1999,  respectively.  Cash paid for income
taxes totaled $146,931 and $170,533 for the nine months ended September 30, 2000
and 1999, respectively.

<PAGE>

                          IDS LIFE INSURANCE COMPANY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  ($ thousands)
                                   (unaudited)
                                   (continued)

4.       Commitments and contingencies

     Commitments for purchases of investments in the ordinary course of business
at September 30, 2000 aggregated $130,447.

     The maximum  amount of life  insurance risk retained by the Company is $750
on any  policy  insuring  a single  life and  $1,500 on any  policy  insuring  a
joint-life  combination.  Beginning in 1999, the Company retains only 20% of the
mortality  risk on new variable  universal  life  insurance  policies.  Risk not
retained is reinsured with other life insurance companies, primarily on a yearly
renewable  term basis.  Long-term  care  policies are  primarily  reinsured on a
coinsurance  basis.  The  Company  retains all  disability  income and waiver of
premium  risk.  Beginning  in 2000,  the Company  retains all  accidental  death
benefit risk.

     In January  2000,  AEFC  reached an  agreement in principle to settle three
class-action lawsuits. The Company had been named as a co-defendant in all three
lawsuits. It is expected the settlement will provide $215 million of benefits to
more than 2 million  class  participants.  The  agreement in principle to settle
also provides for release by class  members of all insurance and annuity  market
conduct  claims  dating  back to 1985.  On October 2, 2000 the  District  Court,
Fourth Judicial  District for the State of Minnesota,  Count of Hennepin and the
United  States  District  Court for the District of  Minnesota  entered an order
conditionally   certifying  a  class  for  settlement  purposes,   preliminarily
approving the class settlement,  directing the issuance of a class notice to the
class and  scheduling  a hearing to determine  the fairness of a settlement  for
March,  2001. The settlement  costs allocated to the Company are included in the
accompanying  1999 statement of income and did not have a material impact on the
Company's consolidated financial position or results of operations.

     The Company is named as a defendant in various other lawsuits.  The outcome
of any  litigation  cannot  be  predicted  with  certainty.  In the  opinion  of
management,  however,  the  ultimate  resolution  of  these  lawsuits,  taken in
aggregate   should  not  have  a  material   adverse  effect  on  the  Company's
consolidated financial position.

<PAGE>

     MANAGEMENT'S  DISCUSSION AND ANALYSIS OF CONSOLIDATED  FINANCIAL  CONDITION
AND RESULTS OF OPERATIONS

Results of Operations

Nine Months Ended September 30, 2000 Compared to Nine Months Ended September 30,
1999:

     Consolidated  net income  increased 3 percent to $475  million for the nine
months  ended  September  30, 2000,  compared to $462 million in 1999.  Earnings
growth resulted primarily from increases in management fees and policyholder and
contractholder  charges  and a  decrease  in  the  effective  income  tax  rate,
resulting  primarily from an increase in credits  related to affordable  housing
investments. Earnings growth was partially offset by a decrease in spread rates,
a decrease in net realized capital gains, and an increase in expenses.

     Premiums  received totaled $5.3 billion for the nine months ended September
30, 2000,  compared to $3.4 billion a year ago. The premium  growth is primarily
due to  increased  sales of  variable  annuities  and  variable  universal  life
insurance.

     Policyholder and  contractholder  charges increased to $331 million for the
nine months ended  September  30, 2000,  compared  with $305 million a year ago.
This increase was primarily due to an increase in life insurance in force.

     Management  and other fees  increased  to $459  million for the nine months
ended  September  30,  2000  compared  with $345  million  a year ago.  This was
primarily due to an increase in average  separate  account  assets  outstanding,
resulting primarily from market appreciation and sales of variable annuities and
variable universal life insurance.  The Company provides  investment  management
services for many of the mutual funds which are used as  investment  options for
variable  annuities  and variable  life  insurance.  The Company also receives a
mortality and expense risk fee from the separate accounts.

     Net investment income decreased to $1,321 million for the nine months ended
September  30, 2000  compared to $1,430  million one year ago. This is primarily
due to lower  investments in fixed  maturities and increased  investments in low
income housing at September 30, 2000 compared to September 30, 1999.

     Total  benefits  and  expenses  were $1.7 billion for the nine months ended
September  30,  2000,  an  increase  of 2 percent  from a year ago.  The largest
component of expenses,  interest credited on universal  life-type  insurance and
investment contracts, decreased 4 percent to $888 million. This was due to lower
aggregate  amounts of fixed  annuities in force.  Other  insurance and operating
expenses  increased  16 percent as a result of  business  growth and  technology
costs related to growth initiatives.

<PAGE>

     MANAGEMENT'S  DISCUSSION AND ANALYSIS OF CONSOLIDATED  FINANCIAL  CONDITION
AND RESULTS OF OPERATIONS


Liquidity and Capital Resources

     The liquidity  requirements  of the Company are met by funds  provided from
operations and investment activity. The primary components of the funds provided
are premiums,  investment income,  proceeds from sales of investments as well as
maturities and periodic repayments of investment principal.

     The primary uses of funds are policy  benefits,  commissions  and operating
expenses, policy loans, new investment purchases and dividends to parent.

     The Company has an available line of credit with its parent of $200 million
($100 million  committed and $100 million  uncommitted).  This line of credit is
used  strictly  as  a  short-term  source  of  funds.  At  September  30,  2000,
outstanding  borrowings under this agreement were $50 million.  The Company also
uses reverse repurchase  agreements for short-term liquidity needs.  Outstanding
reverse repurchase agreements totaled $11 million at September 30, 2000.

     At September 30, 2000,  approximately 12 percent of the Company's  invested
assets were below-investment-grade bonds, compared to 11 percent at December 31,
1999.  These  investments  may be  subject  to a  higher  degree  of  risk  than
higher-rated  issues because of the borrowers'  generally greater sensitivity to
adverse economic conditions, such as recession or increasing interest rates, and
in certain instances the lack of an active secondary market. Expected returns on
below-investment-grade  bonds reflect consideration of such factors. The Company
has  identified  those  fixed  maturities  for which a decline  in fair value is
determined to be other than  temporary,  and has written them down to fair value
with a charge to earnings.  In recent months, the industry-wide  default rate on
below-investment-grade  bonds  has  increased  significantly  and this  trend is
expected  to  continue  over the  next  several  months  and  possibly  beyond.*
Additional  investment  security  losses  throughout  the  remainder of 2000 are
likely but the amount of these  losses is  dependent  on a number of factors and
cannot be estimated at this time.* Management  believes that there will not be a
significant adverse impact on the Company's consolidated financial position.*

     For the nine months ended  September  30, 2000,  sales of fixed  maturities
held  to  maturity  were  due  to  significant  deterioration  in  the  issuers'
creditworthiness.

     At September 30, 2000,  the Company had an allowance for losses on mortgage
loans of $12 million.

     The Company paid $350  million in  dividends to its parent  during the nine
months ended September 30, 2000.

     * Statements  in this  discussion  of the  Company's  liquidity and capital
resources  marked  with an asterisk  are  forward-looking  statements  which are
subject to risks and  uncertainties.  Important factors that could cause results
to differ materially from these forward-looking  statements include, among other
things,  changes in the ability of issuers of investment  securities held by the
Company to meet their debt obligations.

<PAGE>

     MANAGEMENT'S  DISCUSSION AND ANALYSIS OF CONSOLIDATED  FINANCIAL  CONDITION
AND RESULTS OF OPERATIONS

New Accounting Pronouncements

     In June 1998, the Financial  Accounting  Standards Board (FASB) issued, and
subsequently  amended,  Statement of Financial  Accounting  Standards (SFAS) No.
133,  "Accounting for Derivative  Instruments and Hedging  Activities," which is
effective January 1, 2001. This Statement  establishes  accounting and reporting
standards  for  derivative   instruments,   including  some  embedded  in  other
contracts,  and hedging  activities.  It requires  that an entity  recognize all
derivatives  as either  assets or  liabilities  on the balance sheet and measure
those instruments at fair value.  Changes in the fair value of a derivative will
be recorded in income or directly to other  comprehensive  income,  depending on
the  instrument's  designated use.  Management  estimates that, at September 30,
2000,  the  transition  effects of adopting  SFAS No.  133,  as amended,  on the
Company's net income and other comprehensive income would have been less than $1
million and $35 million, respectively. The final financial effects of transition
at January 1, 2001 will be measured based on the derivatives  positions,  market
conditions, and the interpretative guidance issued by the FASB as of that time.

     In December 1999, the  Securities  and Exchange  Commission  ("SEC") issued
Staff   Accounting   Bulletin  No.  101,   "Revenue   Recognition  in  Financial
Statements."  The SAB outlines the basic  criteria that must be met to recognize
revenue,  and provides  guidelines for disclosure related to revenue recognition
policies.  This guidance is required to be  implemented in the fourth quarter of
2000. In addition,  on October 12, 2000, the SEC staff issued a Frequently Asked
Questions  document,  which provides the Staff's  response to the many inquiries
they have  received  since the  issuance  of SAB No. 101.  The company  does not
expect SAB No. 101 to have a material impact on the company's financial position
or results of operations.

<PAGE>

MANAGEMENT'S DISCUSSION AND ANALYSIS OF CONSOLIDATED FINANCIAL CONDITION AND
RESULTS OF OPERATIONS

PART II - OTHER INFORMATION

Item 1.   LEGAL PROCEEDINGS

          Reference  is made to Note 4 of the  Notes to  Consolidated  Financial
          Statements  (unaudited) contained in the Report filed on Form 10-Q for
          the quarterly period ended September 30, 2000.

Item 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS

          Not applicable.

Item 3.   DEFAULTS UPON SENIOR SECURITIES

          Not applicable.

Item 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

          Not applicable.

Item 5.   OTHER INFORMATION

          Not applicable.

Item 6.   EXHIBITS AND REPORTS ON FORM 8-K

            (a)  Exhibits

            3.1   Copy of Certificate of Incorporation of IDS Life Insurance
                  Company filed electronically as Exhibit 3.1 to Post Effective
                  Amendment No. 5 to Registration Statement No. 33-28976 is
                  incorporated herein by reference.

            3.2   Copy of the Amended By-laws of IDS Life Insurance Company
                  filed electronically as Exhibit 3.2 to Post-Effective
                  Amendment No. 5 to Registration Statement No. 33-28976 is
                  incorporated herein by reference.

            3.3   Copy of  Resolution  of the  Board  of  Directors  of IDS Life
                  Insurance  Company,  dated May 5, 1989,  establishing IDS Life
                  Account   MGA  filed   electronically   as   Exhibit   3.3  to
                  Post-Effective  Amendment No. 5 to Registration  Statement No.
                  33-28976 is incorporated herein by reference.

<PAGE>

PART II - OTHER INFORMATION (continued)

            4.1   Copy of Non-tax qualified Group Annuity Contract, Form 30363C,
                  filed electronically as Exhibit 4.1 to Post-Effective
                  Amendment No. 5 to Registration Statement No. 33-28976 is
                  incorporated herein by reference.

            4.2   Copy of Non-tax qualified Group Annuity Certificate, Form
                  30360C, filed electronically as Exhibit 4.2 to Post-Effective
                  Amendment No. 5 to Registration Statement No. 33-28976 is
                  incorporated herein by reference.

            4.3   Copy of Endorsement No. 30340C-GP to the Group Annuity
                  Contract filed electronically as Exhibit 4.3 to Post-Effective
                  Amendment No. 5 to Registration Statement No. 33-28976 is
                  incorporated herein by reference.

            4.4   Copy of Endorsement No. 30340C to the Group Annuity
                  Certificate filed electronically as Exhibit 4.4 to
                  Post-Effective Amendment No. 5 to Registration Statement
                  No. 33-28976 is incorporated herein by reference.

            4.5   Copy of Tax qualified Group Annuity Contract, Form 30369C,
                  filed electronically as Exhibit 4.5 to Post-Effective
                  Amendment No. 10 to Registration Statement No. 33-28976 is
                  incorporated herein by reference.

            4.6   Copy of Tax qualified Group Annuity Certificate, Form 30368C,
                  filed electronically as Exhibit 4.6 to Post-Effective
                  Amendment No. 10 to Registration Statement No. 33-28976 is
                  incorporated herein by reference.

            4.7   Copy of Group IRA Annuity Contract, Form 30372C, filed
                  electronically as Exhibit 4.7 to Post-Effective Amendment
                  No. 10 to Registration Statement No. 33-28976 is incorporated
                  herein by reference.

            4.8   Copy of Group IRA Annuity Certificate, Form 30371C, filed
                  electronically as Exhibit 4.8 to Post-Effective Amendment
                  No. 10 to Registration Statement No. 33-28976 is incorporated
                  herein by reference.

            4.9   Copy of Non-tax qualified Individual Annuity Contract, Form
                  30365D, filed electronically as Exhibit 4.9 to Post-Effective
                  Amendment No. 10 to Registration Statement No. 33-28976 is
                  incorporated herein by reference.


<PAGE>

PART II - OTHER INFORMATION (continued)

           4.10   copy of Endorsement No. 30379 to the Individual Annuity
                  Contract, filed electronically as Exhibit 4.10 to
                  Post-Effective Amendment No. 10 to Registration Statement
                  No. 33-28976 is incorporated herein by reference.

           4.11   Copy of Tax qualified Individual Annuity Contract, Form
                  30370C, filed electronically as Exhibit 4.11 to Post-Effective
                  Amendment No. 10 to Registration Statement No. 33-28976 is
                  incorporated herein by reference.

           4.12   Copy of Individual IRA Annuity Contract, Form 30373C, filed
                  electronically as Exhibit 4.12 to Post-Effective Amendment No.
                  10 to Registration Statement No. 33-28976 is incorporated
                  herein by reference.

           4.13   Copy of Endorsement No. 33007 filed electronically as Exhibit
                  4.13 to Post-Effective Amendment No. 12 to Registration
                  Statement No. 33-28976 is incorporated herein by reference.

           4.14   Copy of Group Annuity Contract, Form 30363D, filed
                  electronically as Exhibit 4.1 to Post-Effective
                  Amendment No. 2 to Registration Statement No. 33-50968 is
                  incorporated herein by reference.

           4.15   Copy of Group Annuity Certificate, Form 30360D, filed
                  electronically as Exhibit 4.2 to Post-Effective Amendment
                  No. 2 to Registration Statement No. 33-50968 is incorporated
                  herein by reference.

           4.16   Form of Deferred Annuity Contract, Form 30365E, filed
                  electronically as Exhibit 4.3 to Post-Effective Amendment
                  No. 2 to Registration Statement No. 33-50968 is incorporated
                  herein by reference.

           4.17   Form of Group Deferred Variable Annuity Contract, Form 34660,
                  filed electronically as Exhibit 4.1 to Post-Effective
                  Amendment No. 2 to Registration Statement No. 33-48701 is
                  incorporated herein by reference.

           4.18   Copy of Non-tax qualified Group Annuity Contract,  Form 33111,
                  filed electronically as Exhibit 4.1 to Registration  Statement
                  No. 333-42793 is incorporated herein by reference.


<PAGE>

PART II - OTHER INFORMATION (continued)

          4.19   Copy of  Non-tax  qualified  Group  Annuity  Certificate,  Form
                 33114,  filed  electronically  as Exhibit  4.2 to  Registration
                 Statement No. 333-42793 is incorporated herein by reference.

          4.20   Copy of Tax qualified Group Annuity Contract, Form 33112, filed
                 electronically  as Exhibit 4.3 to  Registration  Statement  No.
                 333-42793 is incorporated herein by reference.

          4.21   Copy of Tax qualified  Group Annuity  Certificate,  Form 33115,
                 filed  electronically as Exhibit 4.4 to Registration  Statement
                 No. 333-42793 is incorporated herein by reference.

          4.22   Copy  of  Group  IRA  Annuity  Contract,   Form  33113,   filed
                 electronically  as Exhibit 4.5 to  Registration  Statement  No.
                 333-42793 is incorporated herein by reference.

          4.23   Copy of  Group  IRA  Annuity  Certificate,  Form  33116,  filed
                 electronically  as Exhibit 4.6 to  Registration  Statement  No.
                 333-42793 is incorporated herein by reference.

          4.24   Copy of Non-tax qualified Individual Annuity Contract, Form
                 30484, filed electronically as Exhibit 4.7 to Post-Effective
                 Amendment No. 1 to Registration Statement No. 333-42793 is
                 incorporated herein by reference.

          4.25   Copy of  Tax qualified Individual Annuity Contract, Form 30485,
                 filed electronically as Exhibit 4.8 to Post-Effective
                 Amendment No. 1 to Registration Statement No. 333-42793 is
                 incorporated herein by reference.

          4.26   Copy of Individual IRA Contract, Form 30486, filed
                 electronically as Exhibit 4.9 to Post-Effective Amendment
                 No. 1 to Registration Statement No. 333-42793 is incorporated
                 herein by reference.

          27. Financial data schedule is filed electronically herewith.

                 (b)  No  reports on Form 8-K were  required  to be filed by the
                      Company for the nine months ended September 30, 2000.


<PAGE>

SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

REGISTRANT                                  IDS LIFE INSURANCE COMPANY

BY

NAME AND TITLE                           Philip C. Wentzel
                                                  Vice President and Controller

DATE                                              November 10, 2000