ADDENDUM TO INVESTMENT MANAGEMENT AND SERVICES AGREEMENT

"Part Two:  COMPENSATION TO INVESTMENT  MANAGER" paragraph (1) of the Investment
Management and Services  Agreement between IDS Life Series Fund, Inc. (the Fund)
and IDS Life  Insurance  Company (IDS Life) dated  December  17, 1985,  has been
modified as follows.  All other  provisions of this  Investment  Management  and
Services Agreement remain in full force and effect.

(1) The Fund agrees to pay IDS Life, and IDS Life covenants and agrees to accept
from the Fund in full payment for all the services furnished, and for the use of
all  facilities  and  equipment,  and for all expenses paid or reimbursed by IDS
Life  hereunder,  a fee for each calendar day of each year equal to the total of
1/365th (1/366th in each leap year) of:

         .70 percent for the Equity Portfolio
         .70 percent for the Income Portfolio
         .70 percent for the Managed Portfolio
         .70 percent for the Government Securities Portfolio .95 percent for the
         International  Equity  Portfolio  and .50 percent for the Money  Market
         Portfolio

to be  computed  for each  day on the  basis of net  assets  as of the  close of
business of the full  business  day two (2)  business  days prior to the day for
which  the  computation  is being  made.  In the case of the  suspension  of the
computation of net asset value, the said fee for each day during such suspension
shall be computed as of the close of business on the last full  business  day on
which the net assets were computed. As used herein, "net assets" as of the close
of a full  business  day shall  include all  transactions  in shares of the Fund
recorded on the books of the Fund for that day.

IN                                                   WITNESS    WHEREOF,     the
                                                     parties  have  executed the
                                                     Addendum as of the 28th day
                                                     of  October,  1994
                                                     IDS LIFE SERIES FUND, INC.

Attest: /s/ Colleen Curran                           By: /s/ Richard W. Kling
            Colleen Curran                                   Richard W. Kling

Title:        Secretary                              Title:    President


                                                 IDS LIFE INSURANCE COMPANY

Attest: /s/ Nancy Careaga                        By: /s/ William A. Stoltzmann
            Nancy Careaga                                William A. Stoltzmann

Title:      Assistant Secretary                      Title:    Vice President