WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 7 <CIK> 0000768836 <NAME> IDS Life Insurance Company <MULTIPLIER> 1000 <CURRENCY> U.S. DOLLAR <FISCAL-YEAR-END> DEC-31-1994 DEC-31-1995 <PERIOD-START> JAN-01-1994 JAN-01-1995 <PERIOD-END> DEC-31-1994 DEC-31-1995 <PERIOD-TYPE> YEAR YEAR <EXCHANGE-RATE> 1 1 <DEBT-HELD-FOR-SALE> 8017555 10516212 <DEBT-CARRYING-VALUE> 11269861 11257591 <DEBT-MARKET-VALUE> 10694800 11878377 <EQUITIES> 1906 3517 <MORTGAGE> 2400514 2945495 <REAL-ESTATE> 20835 28796 <TOTAL-INVEST> 22121637 25290211 <CASH> 267774 72147 <RECOVER-REINSURE> 1110 1849 <DEFERRED-ACQUISITION> 1865324 2025725 <TOTAL-ASSETS> 35747543 42900078 <POLICY-LOSSES> 22708910 25018089 <UNEARNED-PREMIUMS> 0 0 <POLICY-OTHER> 0 0 <POLICY-HOLDER-FUNDS> 50068 56323 <NOTES-PAYABLE> 0 0 <COMMON> 3000 3000 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <OTHER-SE> 1585691 2328708 <TOTAL-LIABILITY-AND-EQUITY> 35747543 42900078 <PREMIUMS> 144640 161530 <INVESTMENT-INCOME> 1781873 1907309 <INVESTMENT-GAINS> (4282) (4898) <OTHER-INCOME> 384105 472035 <BENEFITS> 1303351 1483431 <UNDERWRITING-AMORTIZATION> 280372 280121 <UNDERWRITING-OTHER> 210101 211642 <INCOME-PRETAX> 512512 560782 <INCOME-TAX> 176343 195842 <INCOME-CONTINUING> 336169 364940 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 336169 364940 <EPS-PRIMARY> 0 0 <EPS-DILUTED> 0 0 <RESERVE-OPEN> 20636 23228 <PROVISION-CURRENT> 93683 117478 <PROVISION-PRIOR> 0 0 <PAYMENTS-CURRENT> 91091 116514 <PAYMENTS-PRIOR> 0 0 <RESERVE-CLOSE> 23228 24192 <CUMULATIVE-DEFICIENCY> 0 0