Document:

Schedules and exhibits omitted - IDS Life Insurance  Company agrees to furnish a
copy of any schedule or exhibit to the Commission upon request.

                      GROSS ADMINISTRATIVE CHARGE AGREEMENT

                                 by and between

                     AMERICAN EXPRESS FINANCIAL CORPORATION

                                       and

                           IDS LIFE INSURANCE COMPANY

         THIS GROSS  ADMINISTRATIVE  CHARGE AGREEMENT (the  "Agreement") is made
and  entered  into as of  November  1,  2003  by and  between  American  Express
Financial  Corporation  ("AEFC"),  a Delaware corporation and IDS Life Insurance
Company  ("IDS  Life"),  a  Minnesota  corporation.  IDS Life is a wholly  owned
subsidiary of AEFC.

         WHEREAS,  AEFC  provides  investment  management  services  to IDS Life
Variable  Annuity  Fund A,  IDS Life  Variable  Annuity  Fund B and each  series
underlying AXP Variable Portfolio - Income Series,  Inc., AXP Variable Portfolio
- Investment Series,  Inc., AXP Variable  Portfolio - Managed Series,  Inc., AXP
Variable  Portfolio  - Money  Market  Series,  Inc.,  AXP  Variable  Portfolio -
Partners  Series  Inc.  and IDS Life  Series  Fund,  Inc.,  (each,  a "Fund" and
collectively, the "Funds"); and

         WHEREAS,  the Funds are made available  primarily as investment options
underlying variable annuity and variable life insurance contracts offered by IDS
Life and its subsidiaries; and

         WHEREAS,  AEFC  desires  that  IDS Life  provide  certain  services  in
connection with the management of the Funds; and

         WHEREAS,  IDS Life has  agreed to  provide  such  services,  other than
investment  management  services,  required in connection with the management of
the Funds.

         NOW THEREFORE, in consideration of their mutual promises, the parties
agree as follows:

                     Article I. Duties of AEFC and IDS Life

Section 1.01      Duties of AEFC

AEFC  will be  responsible  for  investment  management  services  for the Funds
including, but not limited to:

                                  Page 1 of 6
<PAGE>

(a)      Furnishing the Funds with suggested investment planning;

(b)      Determining,  consistent  with each Fund's  investment  objectives  and
         policies, which securities in AEFC's discretion will be purchased, held
         or sold and  executing  or causing  the  execution  of purchase or sell
         orders with respect to those securities; and

(c)      Preparing and making available to the Funds all necessary  research and
         statistical data.

Section 1.02      Duties of IDS Life

IDS Life will be responsible for all services,  other than investment management
services,  of whatever  nature required in connection with the management of the
Funds including, but not limited to:

(a)  Performing transfer agent functions such as:

     (1)  Processing sales, redemptions and transfers of Fund shares;

     (2)  Preparing and  transmitting to the Fund required  reports with respect
          to contract owner transactions;

     (3)  Establishing  and  maintaining  contract owner accounts and confirming
          contract owner transactions;

     (4)  Responding to contract  owner  inquiries with respect to the Funds and
          providing other servicing functions on behalf of the Funds to contract
          owners and sales representatives;

     (5)  Maintaining  records in compliance  with  applicable  laws,  rules and
          regulations;

     (6)  Preparing  and  presenting  the  necessary  reports  and causing to be
          recorded the  investment  of income,  dividends and  distributions  in
          additional shares of the Funds;

     (7)  Providing such other reports and  performing  such other duties as may
          be requested by the Fund;

(b)  Providing contract owner communications;

(c)  Providing technology and systems services;

(d)  Providing required printed materials, supplies, office space and equipment;
     and

(e)  Providing general Fund management services including  development,  pricing
     and marketing.

                                  Page 2 of 6
<PAGE>

Section 1.03      Ownership and Confidentiality of Records.

(a)  The parties agree that all records  prepared or maintained by them relating
     to the services to be  performed by them under the terms of this  Agreement
     are the  property  of the  Funds and may be  inspected  by the Funds or any
     person retained by the Funds at reasonable times. The Funds and the parties
     agree to protect the confidentiality of those records.

(b)  Regulation S-P.

     (1)  In  accordance  with  Regulation  S-P of the  Securities  and Exchange
          Commission,   "Nonpublic  Personal   Information"   includes  (i)  all
          personally   identifiable  financial   information;   (ii)  any  list,
          description,  or other grouping of consumers  (and publicly  available
          information  pertaining to them) that is derived using any  personally
          identifiable  financial  information  that is not  publicly  available
          information; and (iii) any information derived therefrom.

     (2)  The parties must not use or disclose  Nonpublic  Personal  Information
          for  any  purpose  other  than to  carry  out the  purpose  for  which
          Nonpublic  Personal  Information  was provided to them as set forth in
          this Agreement,  and agree to cause the parties,  and their employees,
          agents,  representatives,  or any other party to whom they may provide
          access to or disclose Nonpublic Personal  Information to limit the use
          and disclosure of Nonpublic Personal Information to that purpose.

     (3)  The parties agree to implement appropriate measures designed to ensure
          the security and confidentiality of Nonpublic Personal Information, to
          protect such information against any anticipated threats or hazards to
          the security or integrity of such information,  and to protect against
          unauthorized access to, or use of, Nonpublic Personal Information that
          could  result in  substantial  harm or  inconvenience  to any contract
          owner;   the  parties   further  agree  to  cause  all  their  agents,
          representatives,  subcontractors,  or any other party to whom they may
          provide  access to, or disclose,  Nonpublic  Personal  Information  to
          implement  appropriate  measures  designed to meet the  objectives set
          forth in this paragraph.

     (4)  With  respect only to the  provisions  of this  Section  1.03(b),  the
          parties  agree to  indemnify  and hold  harmless  the  Funds,  and any
          officer or director of the Funds,  against  losses,  claims,  damages,
          expenses,  or  liabilities  to which  the  Funds,  or any  officer  or
          director  of the  Funds,  may  become  subject  as the result of (i) a
          material  breach of the provisions of this section of the Agreement or
          (ii)  any  acts  or  omissions  of the  parties,  or of  any of  their
          officers, directors,  employees, or agents, that are not substantially
          in accordance with this Agreement,  including, but not limited to, any
          violation of any federal  statute or regulation.  Notwithstanding  the
          foregoing,  no party will

                                  Page 3 of 6

<PAGE>

          be entitled to indemnification  pursuant to this Section 1.03(b)(4) if
          such loss, claim, damage,  expense, or liability is due to the willful
          misfeasance,  bad faith,  gross negligence,  or reckless  disregard of
          duty by the party seeking indemnification.

Section 1.04      With respect to all duties and responsibilities of the parties
hereunder,  each party may provide any or all such services directly,  or it may
contract with one of its affiliates  for the provision of such services,  but in
such event, each party will remain  responsible for the delivery of all services
in accordance with the terms of this Agreement.

Section 1.05      Each party will be responsible for  maintaining  all  required
records,  memoranda,  instructions or authorizations relating to the services it
performs  under this  Agreement.  Each party will provide copies of or access to
such records,  memoranda,  instructions or  authorizations to the other party as
requested.

Section 1.06      Each party will furnish  the other  party,  or its  designated
affiliate,  any  information  reasonably  requested with respect to its services
performed or to be performed under this Agreement.

Section 1.07      Each party agrees to be responsible for the maintenance  of an
adequate  organization of competent  persons to provide the services and perform
the functions mentioned herein.

                     Article II. Compensation for Services.

Section 2.01      In consideration of the services provided by IDS Life, AEFC
agrees to pay IDS Life a fee as set forth in Schedule A.

Section 2.02      Fees are payable as  soon as  possible  after the close of the
month,  and in any event,  will be paid not later than the last  business day of
the month following the month for which services were provided.

                           Article III. Miscellaneous

Section 3.01      It is understood and agreed that in furnishing  the Funds with
the services as herein provided,  neither IDS Life, or any officer,  director or
agent  thereof  will be  liable to the Funds or their  creditors,  AEFC,  or any
officer, director or agent thereof for errors of judgment or for anything except
willful  misfeasance,  bad faith or gross  negligence in the  performance of its
duties,  or reckless  disregard of its obligations and duties under the terms of
this Agreement.  It is further understood and agreed that IDS Life may rely upon
information furnished to it reasonably believed to be accurate and reliable.

Section 3.02      It is understood and agreed that in furnishing  the Funds with
the services as herein provided, neither AEFC, or any officer, director or agent
thereof  will be  liable  to the  Funds or their  creditors,  IDS  Life,  or any
officer, director or agent thereof for

                                  Page 4 of 6

<PAGE>

errors of judgment or for  anything  except  willful  misfeasance,  bad faith or
gross negligence in the performance of its duties, or reckless  disregard of its
obligations  and  duties  under  the  terms  of this  Agreement.  It is  further
understood  and  agreed  that AEFC may rely  upon  information  furnished  to it
reasonably believed to be accurate and reliable.

Section  3.03     IDS Life  recognizes that AEFC now renders and may continue to
render  investment  advice and other services to other investment  companies and
persons which may or may not have investment policies and investments similar to
those of the Funds and that AEFC manages its own investments and/or those of its
subsidiaries.  AEFC  will be free to render  such  investment  advice  and other
services and IDS Life hereby consents thereto.

Section 3.04      AEFC recognizes that IDS Life now renders and may  continue to
render services,  other than investment  management services,  to other persons.
IDS Life will be free to render such services and AEFC hereby consents thereto.

Section 3.05      This Agreement will extend to  and  will  be  binding  on  the
parties hereto, and their respective successors and assigns; provided,  however,
that this  Agreement will not be assignable  without the written  consent of the
other party.

Section  3.06     This Agreement will be governed  by the  laws of the  State of
Minnesota.

                     Article IV. Termination and Amendment

Section 4.01      This Agreement  may  be  amended  or  modified  by  a  written
agreement executed by both parties.

Section  4.02     This Agreement will remain in effect  from year to year  until
terminated. Either party will have the right to terminate this Agreement upon 60
days' written notice to the other party.

                                  Page 5 of 6

<PAGE>

IN WITNESS THEREOF, the parties hereto have executed the foregoing Agreement.

AMERICAN EXPRESS
FINANCIAL CORPORATION                           IDS LIFE INSURANCE COMPANY

By: /s/ David K. Stewart                        By: /s/ Gumer Alvero
    --------------------                           ----------------
Name:   David K. Stewart                        Name:   Gumer Alvero
Title:  V.P. AEFC Controller                    Title:  Executive V.P. Annuities

ATTEST:                                         ATTEST:

By: /s/ Eric Marhoun                           By:  /s/ Mary Ellyn Minenko
    ----------------                                ----------------------
Name:   Eric Marhoun                           Name:    Mary Ellyn Minenko
Title:  Group Counsel                          Title:   Assistant Secretary

                                  Page 6 of 6PARTIAL ASSIGNMENT OF
                       BRADLEY LAKE HYDROELECTRIC PROJECT
                  AGREEMENT FOR THE WHEELING OF ELECTRIC POWER
                            AND FOR RELATED SERVICES

         This agreement for partial assignment is made as of the 30th day of
June, 2003, between Alaska Electric Generation and Transmission Cooperative,
Inc. ("Assignor") and Alaska Electric and Energy Cooperative, Inc.("Assignee").

         WHEREAS, on December 8, 1987, Assignor entered into a contract
with Chugach Electric Association, Inc. ("Chugach"), Golden Valley Electric
Association, Inc. ("GVEA"), the Municipality of Anchorage d/b/a Municipal Light
and Power ("ML&P"), the City of Seward d/b/a Seward Electric System ("SES"),
Homer Electric Association, Inc. ("HEA") and Matanuska Electric Association,
Inc. ("MEA"), titled Bradley Lake Hydroelectric Project Agreement for the
Wheeling of Electric Power and Related Services ("Services Agreement"), wherein
Chugach agreed to provide, and Assignor, GVEA, ML&P, SES, HEA and MEA agreed to
purchase, under the terms set forth in the Services Agreement (a copy of which
is attached to this agreement), wheeling, storage and energy purchase services;

         WHERRAS, Assignor has the right to avail itself, under
appropriate circumstances of the wheeling, storage and energy purchase services
provided by Chugach under the Services Agreement to provide the wholesale power
needs of HEA pursuant to the terms of a wholesale power agreement between
Assignor and HEA;

         WHEREAS, Assignee has obtained from the Regulatory Commission of
Alaska ("RCA") a certificate of public convenience and necessity to serve as the
wholesale power provider of HEA;

         WHEREAS, Assignee and Assignor also have obtained approval by
the RCA of a new wholesale power agreement between Assignee and HEA under which
Assignee will serve the wholesale power needs of HEA, and rescission of the
current wholesale power agreement between Assignor and HEA;

         WHEREAS, Assignor intends to transfer the majority of its assets
held for the benefit of HEA to Assignee; and

         WHEREAS, the Services Agreement is by its terms assignable with
the consent of the parties to that Services Agreement, and Assignee desires to
acquire certain of the rights and is willing to assume the obligations of
Assignor for the merit of HEA under the Services Agreement.

         NOW, THEREFORE, the parties agree as follows:

1.       Assignor assigns to Assignee such of Assignor's rights, interest
         and duties in the Services Agreement as are held or owed by or on
         behalf of Assignor for the benefit of HEA.

Assignment - Services Agreement
Page 1 of 8
<PAGE>

2.       Assignee assumes and covenants to perform all the obligations of
         Assignor owed on behalf of HEA under the Services Agreement, and
         guarantees to hold Assignor harmless from any claim or demand made
         under the Services Agreement to the extent such claim or demand
         relates to obligations owed by Assignor on behalf of HEA.

         IN WITNESS WHEREOF, the parties have executed this agreement as
of the date set forth above.

                                 ALASKA ELECTRIC GENERATION AND
                                 TRANSMISSION COOPERATIVE, INC.

                                 By:      /s/ N. L. Story
                                          ---------------
                                          N. L. Story, Class A Manager

                                 ALASKA ELECTRIC AND ENERGY COOPERATIVE, INC.

                                 By:      /s/ Hugh Crumley
                                          ----------------
                                          Hugh Crumley, President

Assignment - Services Agreement
Page 2 of 8
<PAGE>
                              CONSENT TO ASSIGNMENT

      The entity identified below hereby consents to the foregoing partial
assignment of the Bradley Lake Hydroelectric Project Agreement for the Wheeling
of Electric Power and for Related Services, dated December 8, 1987.

CHUGACH ELECTRIC                            By:      /s/ Evan J. Griffith
                                                     --------------------
ASSOCIATION, INC.                           Date:    June 10, 2003
                                                     -------------

Assignment - Services Agreement
Page 3 of 8
<PAGE>
                              CONSENT TO ASSIGNMENT

      The entity identified below hereby consents to the foregoing partial
assignment of the Bradley Lake Hydroelectric Project Agreement for the Wheeling
of Electric Power and for Related Services, dated December 8, 1987.

                                            GOLDEN VALLEY ELECTRIC
                                            ASSOCIATION, INC.

                                            By:      /s/ Steve Haagenson
                                                     -------------------
                                            Date:    October 7, 2002
                                                     ---------------

Assignment - Services Agreement
Page 4 of 8
<PAGE>
                              CONSENT TO ASSIGNMENT

      The entity identified below hereby consents to the foregoing partial
assignment of the Bradley Lake Hydroelectric Project Agreement for the Wheeling
of Electric Power and for Related Services, dated December 8, 1987.

                                            MUNICIPALITY OF ANCHORAGE
                                            d/b/a MUNICIPAL LIGHT AND POWER

                                            By:      /s/ James M. Posey
                                                     ------------------
                                                     James M. Poses, GM, ML&P

                                            Date:    May 13, 2003
                                                     ------------

Assignment - Services Agreement
Page 5 of 8
<PAGE>
                              CONSENT TO ASSIGNMENT

      The entity identified below hereby consents to the foregoing partial
assignment of the Bradley Lake Hydroelectric Project Agreement for the Wheeling
of Electric Power and for Related Services, dated December 8, 1987.

                                            CITY OF SEWARD
                                            d/b/a SEWARD ELECTRIC SYSTEM

                                            By:      /s/ Dave Calvert
                                                     ----------------
                                            Date:    September 6, 2002
                                                     -----------------

Assignment - Services Agreement
Page 6 of 8
<PAGE>
                              CONSENT TO ASSIGNMENT

      The entity identified below hereby consents to the foregoing partial
assignment of the Bradley Lake Hydroelectric Project Agreement for the Wheeling
of Electric Power and for Related Services, dated December 8, 1987.

                                            HOMER ELECTRIC ASSOCIATION, INC.

                                            By:      /s/ N. L. Story
                                                     ----------------
                                            Date:    August 21, 2002
                                                     ---------------

Assignment - Services Agreement
Page 7 of 8
<PAGE>
                              CONSENT TO ASSIGNMENT

      The entity identified below hereby consents to the foregoing partial
assignment of the Bradley Lake Hydroelectric Project Agreement for the Wheeling
of Electric Power and for Related Services, dated December 8, 1987.

         MATANUSKA ELECTRIC
         ASSOCIATION, INC.                  By:     /s/ Wayne D. Carmony
                                                    --------------------

                                            Date:   June 12, 2003
                                                    -------------

Assignment - Services Agreement
Page 8 of 8

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