-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UAoBNyqZ7mSWNep7VJJI2vol7T8LFjNbNUX7HEh1jFAHz0MN71rsmHmkmOb8iUmL K2HiL7iajbLGBLHsk7N08w== 0000820027-05-000830.txt : 20050930 0000820027-05-000830.hdr.sgml : 20050930 20050930150239 ACCESSION NUMBER: 0000820027-05-000830 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20050930 DATE AS OF CHANGE: 20050930 EFFECTIVENESS DATE: 20051003 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS LIFE VARIABLE ACCOUNT 10 CENTRAL INDEX KEY: 0001000191 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-79311 FILM NUMBER: 051113927 BUSINESS ADDRESS: STREET 1: 50607 AMERIPRISE FINANCIAL CENTER CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126713678 MAIL ADDRESS: STREET 1: 50607 AMERIPRISE FINANCIAL CENTER CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS LIFE VARIABLE ACCOUNT 10 CENTRAL INDEX KEY: 0001000191 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-07355 FILM NUMBER: 051113928 BUSINESS ADDRESS: STREET 1: 50607 AMERIPRISE FINANCIAL CENTER CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126713678 MAIL ADDRESS: STREET 1: 50607 AMERIPRISE FINANCIAL CENTER CITY: MINNEAPOLIS STATE: MN ZIP: 55474 485BPOS 1 rava-partc.txt IDS LIFE VARIABLE ACCOUNT 10 - PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Pre-Effective Amendment No. [ ] Post-Effective Amendment No. 34 (File No. 333-79311) [X] and/or REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 Amendment No. 35 (File No. 811-07355) [X] --------- (Check appropriate box or boxes) IDS LIFE VARIABLE ACCOUNT 10 - -------------------------------------------------------------------------------- (Exact Name of Registrant) IDS Life Insurance Company - -------------------------------------------------------------------------------- (Name of Depositor) 70100 Ameriprise Financial Center, Minneapolis, MN 55474 - -------------------------------------------------------------------------------- (Address of Depositor's Principal Executive Offices) (Zip Code) Depositor's Telephone Number, including Area Code (612) 671-3678 - -------------------------------------------------------------------------------- Mary Ellyn Minenko, 50607 Ameriprise Financial Center, Minneapolis, MN 55474 - -------------------------------------------------------------------------------- (Name and Address of Agent for Service) It is proposed that this filing will become effective (check appropriate box) [ ] immediately upon filing pursuant to paragraph (b) of Rule 485 [X] on Oct. 3, 2005 pursuant to paragraph (b) of Rule 485 [ ] 60 days after filing pursuant to paragraph (a)(1) of Rule 485 [ ] as soon as practicable pursuant to paragraph (a)(1) of Rule 485 If appropriate, check the following box: [ ] this post-effective amendment designates a new effective date for a previously filed post-effective amendment. This Post-Effective Amendment No. 34 to this Registration Statement No. 333-79311 on Form N-4 does not supersede Post-Effective Amendment No. 33 to Registration Statement No. 333-79311 filed on or about Aug. 4, 2005. The purpose of this Post-Effective Amendment No. 34 to this Registration Statement No. 333-79311 on Form N-4 is to supplement the prospectuses and Statement of Additional Information for American Express Retirement Advisor Variable Annuity(R), American Express Retirement Advisor Variable Annuity(R) - Band 3, American Express Retirement Advisor Advantage(R) Variable Annuity/American Express Retirement Advisor Select Variable Annuity(R), American Express Retirement Advisor Advantage(R) Variable Annuity - Band 3 and American Express Retirement Advisor Advantage Plus(R) Variable Annuity/American Express Retirement Advisor Select Plus Variable Annuity(R). The Prospectuses relating to the above-listed variable annuities filed electronically as Post-Effective Amendment No. 32 to Registration Statement No. 333-79311 filed on or about April 27, 2005 are incorporated by reference into Part A of Post-Effective Amendment No. 34 to this Registration Statement. The Combined Statement of Additional Information relating to the above-listed variable annuities filed electronically as Post-Effective Amendment No. 32 to Registration Statement No. 333-79311 on or about April 27, 2005 is incorporated by reference into Part B of Post-Effective Amendment No. 34 to this Registration Statement. Prospectus and Statement of Additional Information Supplement dated Oct. 3, 2005*
Product Name Prospectus Form # SAI Form # Date IDS Life Variable Retirement and Combination Retirement Annuities S-6154 W S-6323 C 4/29/05 IDS Life Flexible Annuity S-6155 X S-6323 C 4/29/05 IDS Life Employee Benefit Annuity S-6157 W S-6323 C 4/29/05
On Feb. 1, 2005, American Express Company (American Express) announced plans to pursue a spin off to American Express shareholders of its American Express Financial Advisors unit. On Aug. 1, 2005 several of the companies offering the products and services of the American Express Financial Advisors unit changed their names in anticipation of their separation from American Express. American Express Financial Corporation changed its name to Ameriprise Financial, Inc. (Ameriprise Financial). Ameriprise Financial is the parent company of the Ameriprise Financial family of companies, including IDS Life Insurance Company, the issuer and distributor of the annuity contract or certificate described in the prospectus. As part of a corporate reorganization, Ameriprise Financial also introduced the RiverSource(SM) brand. The RiverSource brand represents Ameriprise Financial's products. Accordingly, on Oct. 1, 2005, the RiverSource brand replaced "American Express" and "AXP" in the name of the American Express(R) Variable Portfolio Funds and certain funds changed their names as indicated in the following table. In addition, the fee tables have been restated to reflect current fees.
Minimum and maximum total operating expenses for the funds (Including management fee, distribution and/or service (12b-1) fees and other expenses). Minimum Maximum Total expenses before fee waivers and/or expense reimbursements 0.72%(1) 1.24%
Total annual operating expenses for each fund (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Cash Management Fund / RiverSource(SM) Variable Portfolio - Cash Management Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Diversified Bond Fund / RiverSource(SM) Variable Portfolio - Diversified Bond Fund 0.60% 0.13% 0.10% 0.83%(1) AXP(R) Variable Portfolio - Diversified Equity Income Fund / RiverSource(SM) Variable Portfolio - Diversified Equity Income Fund 0.64% 0.13% 0.11% 0.88%(1) AXP(R) Variable Portfolio - Equity Select Fund / RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund 0.57% 0.13% 0.15% 0.85%(1),(2) AXP(R) Variable Portfolio - Global Bond Fund / RiverSource(SM) Variable Portfolio - Global Bond Fund 0.83% 0.13% 0.14% 1.10%(1) AXP(R) Variable Portfolio - Growth Fund / RiverSource(SM) Variable Portfolio - Growth Fund 0.55% 0.13% 0.18% 0.86%(1) AXP(R) Variable Portfolio - High Yield Bond Fund / RiverSource(SM) Variable Portfolio - High Yield Bond Fund 0.62% 0.13% 0.09% 0.84%(1) AXP(R) Variable Portfolio - Large Cap Equity Fund / RiverSource(SM) Variable Portfolio - Large Cap Equity Fund 0.65% 0.13% 0.08% 0.86%(1) AXP(R) Variable Portfolio - Managed Fund / RiverSource(SM) Variable Portfolio - Balanced Fund 0.59% 0.13% 0.08% 0.80%(1) AXP(R) Variable Portfolio - New Dimensions Fund(R) / RiverSource(SM) Variable Portfolio - New Dimensions Fund(R) 0.53% 0.13% 0.07% 0.73%(1) AXP(R) Variable Portfolio - Strategy Aggressive Fund / RiverSource(SM) Variable Portfolio - Strategy Aggressive Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Threadneedle International Fund / RiverSource(SM) Variable Portfolio - International Opportunity Fund 0.75% 0.13% 0.12% 1.00%(1)
(1) The fund's expense figures are based on actual expenses for the fiscal year ended Aug. 31, 2004 adjusted to reflect current fees. (2) RiverSource Investments and its affiliates have contractually agreed to waive certain fees and to absorb certain expenses until Aug. 31, 2006, unless sooner terminated at the discretion of the fund's Board. Any amount waived will not be reimbursed by the fund. Under this agreement, net expenses, before giving effect to any performance incentive adjustment, will not exceed 1.10% for RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund. -- 3 -- RiverSource also is used for certain subsidiaries of Ameriprise Financial that provide services in connection with the annuity contract or certificate. On Oct. 1, 2005, RiverSource Investments, LLC, a wholly owned subsidiary of Ameriprise Financial, replaced Ameriprise Financial as the investment adviser of the RiverSource Variable Portfolio Funds. The full transition to the RiverSource name will be substantially completed in the fourth quarter 2005, and will be subsequently communicated to contract and certificate owners, as appropriate. The separation of the American Express Financial Advisors unit from American Express was completed on Sept. 30, 2005. Ameriprise Financial and its subsidiaries are no longer affiliated with American Express. Ameriprise Financial is now an independent company trading under the ticker symbol AMP with a board of directors and management that are separate from American Express. THIS SUPPLEMENT SHOULD BE RETAINED WITH THE CURRENT PROSPECTUS FOR YOUR PRODUCT. -- 4 -- Prospectus and Statement of Additional Information Supplement dated Oct. 3, 2005*
Product Name Prospectus Form # SAI Form # Date IDS Life Group Variable Annuity Contract S-6156 R S-6323 C 4/29/05
On Feb. 1, 2005, American Express Company (American Express) announced plans to pursue a spin off to American Express shareholders of its American Express Financial Advisors unit. On Aug. 1, 2005 several of the companies offering the products and services of the American Express Financial Advisors unit changed their names in anticipation of their separation from American Express. American Express Financial Corporation changed its name to Ameriprise Financial, Inc. (Ameriprise Financial). Ameriprise Financial is the parent company of the Ameriprise Financial family of companies, including IDS Life Insurance Company, the issuer and distributor of the annuity contract described in the prospectus. As part of a corporate reorganization, Ameriprise Financial also introduced the RiverSource(SM) brand. The RiverSource brand represents Ameriprise Financial's products. Accordingly, on Oct. 1, 2005, the RiverSource brand replaced "American Express" and "AXP" in the name of the American Express(R) Variable Portfolio Funds and certain funds changed their names as indicated in the following table. In addition, the fee tables have been restated to reflect current fees.
Minimum and maximum total operating expenses for the funds (Including management fee, distribution and/or service (12b-1) fees and other expenses). Minimum Maximum Total expenses before fee waivers and/or expense reimbursements 0.72%(1) 1.10%(1)
Total annual operating expenses for each fund (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Cash Management Fund / RiverSource(SM) Variable Portfolio - Cash Management Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Diversified Bond Fund / RiverSource(SM) Variable Portfolio - Diversified Bond Fund 0.60% 0.13% 0.10% 0.83%(1) AXP(R) Variable Portfolio - Global Bond Fund / RiverSource(SM) Variable Portfolio - Global Bond Fund 0.83% 0.13% 0.14% 1.10%(1) AXP(R) Variable Portfolio - High Yield Bond Fund / RiverSource(SM) Variable Portfolio - High Yield Bond Fund 0.62% 0.13% 0.09% 0.84%(1) AXP(R) Variable Portfolio - Large Cap Equity Fund / RiverSource(SM) Variable Portfolio - Large Cap Equity Fund 0.65% 0.13% 0.08% 0.86%(1) AXP(R) Variable Portfolio - Managed Fund / RiverSource(SM) Variable Portfolio - Balanced Fund 0.59% 0.13% 0.08% 0.80%(1) AXP(R) Variable Portfolio - New Dimensions Fund(R) / RiverSource(SM) Variable Portfolio - New Dimensions Fund(R) 0.53% 0.13% 0.07% 0.73%(1) AXP(R) Variable Portfolio - Strategy Aggressive Fund / RiverSource(SM) Variable Portfolio - Strategy Aggressive Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Threadneedle International Fund / RiverSource(SM) Variable Portfolio - International Opportunity Fund 0.75% 0.13% 0.12% 1.00%(1)
(1) The fund's expense figures are based on actual expenses for the fiscal year ended Aug. 31, 2004 adjusted to reflect current fees. RiverSource also is used for certain subsidiaries of Ameriprise Financial that provide services in connection with the annuity contract. On Oct. 1, 2005, RiverSource Investments, LLC, a wholly owned subsidiary of Ameriprise Financial, replaced Ameriprise Financial as the investment adviser of the RiverSource Variable Portfolio Funds. The full transition to the RiverSource name will be substantially completed in the fourth quarter 2005, and will be subsequently communicated to contract owners, as appropriate. The separation of the American Express Financial Advisors unit from American Express was completed on Sept. 30, 2005. Ameriprise Financial and its subsidiaries are no longer affiliated with American Express. Ameriprise Financial is now an independent company trading under the ticker symbol AMP with a board of directors and management that are separate from American Express. THIS SUPPLEMENT SHOULD BE RETAINED WITH THE CURRENT PROSPECTUS FOR YOUR PRODUCT. -- 5 -- Prospectus and Statement of Additional Information Supplement dated Oct. 3, 2005*
Product Name Prospectus Form # SAI Form # Date IDS Life Variable Annuity Fund A S-6348 C S-6366 C 4/29/05 IDS Life Variable Annuity Fund B S-6349 C S-6366 C 4/29/05
E On Feb. 1, 2005, American Express Company (American Express) announced plans to pursue a spin off to American Express shareholders of its American Express Financial Advisors unit. On Aug. 1, 2005 several of the companies offering the products and services of the American Express Financial Advisors unit changed their names in anticipation of their separation from American Express. American Express Financial Corporation changed its name to Ameriprise Financial, Inc. (Ameriprise Financial). Ameriprise Financial is the parent company of the Ameriprise Financial family of companies, including IDS Life Insurance Company, the issuer and distributor of the annuity contract described in the prospectus. As part of a corporate reorganization, Ameriprise Financial also introduced the RiverSource(SM) brand. The RiverSource brand represents Ameriprise Financial's products. Accordingly, on Oct. 1, 2005, the RiverSource brand replaced "American Express" and "AXP" in the name of the American Express(R) Variable Portfolio Core Equity Fund as indicated in the following chart: - ----------------------------------- --------------------------------------- Old Fund Name New Fund Name - ----------------------------------- --------------------------------------- AXP(R) Variable Portfolio - Core RiverSource(SM) Variable Portfolio - Equity Fund Core Equity Fund - ----------------------------------- --------------------------------------- RiverSource also is used for certain subsidiaries of Ameriprise Financial that provide services in connection with the annuity contract. On Oct. 1, 2005, RiverSource Investments, LLC, a wholly owned subsidiary of Ameriprise Financial, replaced Ameriprise Financial as the investment adviser of the RiverSource Variable Portfolio Funds. The full transition to the RiverSource name will be substantially completed in the fourth quarter 2005, and will be subsequently communicated to contract owners, as appropriate. The separation of the American Express Financial Advisors unit from American Express was completed on Sept. 30, 2005. Ameriprise Financial and its subsidiaries are no longer affiliated with American Express. Ameriprise Financial is now an independent company trading under the ticker symbol AMP with a board of directors and management that are separate from American Express. THIS SUPPLEMENT SHOULD BE RETAINED WITH THE CURRENT PROSPECTUS FOR YOUR PRODUCT. -- 6 -- Prospectus and Statement of Additional Information Supplement dated Oct. 3, 2005*
Product Name Prospectus Form # SAI Form # Date IDS Life Flexible Portfolio Annuity S-6161 M S-6325 C 4/29/05
On Feb. 1, 2005, American Express Company (American Express) announced plans to pursue a spin off to American Express shareholders of its American Express Financial Advisors unit. On Aug. 1, 2005 several of the companies offering the products and services of the American Express Financial Advisors unit changed their names in anticipation of their separation from American Express. American Express Financial Corporation changed its name to Ameriprise Financial, Inc. (Ameriprise Financial). Ameriprise Financial is the parent company of the Ameriprise Financial family of companies, including IDS Life Insurance Company, the issuer and distributor of the annuity contract described in the prospectus. As part of a corporate reorganization, Ameriprise Financial also introduced the RiverSource(SM) brand. The RiverSource brand represents Ameriprise Financial's products. Accordingly, on Oct. 1, 2005, the RiverSource brand replaced "American Express" and "AXP" in the name of the American Express(R) Variable Portfolio Funds and certain funds changed their names as indicated in the following table. In addition, the fee tables have been restated to reflect current fees.
Minimum and maximum total operating expenses for the funds (Including management fee, distribution and/or service (12b-1) fees and other expenses). Minimum Maximum Total expenses before fee waivers and/or expense reimbursements 0.72%(1) 1.54%
Total annual operating expenses for each fund (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Cash Management Fund / RiverSource(SM) Variable Portfolio - Cash Management Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Diversified Bond Fund / RiverSource(SM) Variable Portfolio - Diversified Bond Fund 0.60% 0.13% 0.10% 0.83%(1) AXP(R) Variable Portfolio - Global Bond Fund / RiverSource(SM) Variable Portfolio - Global Bond Fund 0.83% 0.13% 0.14% 1.10%(1) AXP(R) Variable Portfolio - High Yield Bond Fund / RiverSource(SM) Variable Portfolio - High Yield Bond Fund 0.62% 0.13% 0.09% 0.84%(1) AXP(R) Variable Portfolio - Large Cap Equity Fund / RiverSource(SM) Variable Portfolio - Large Cap Equity Fund 0.65% 0.13% 0.08% 0.86%(1) AXP(R) Variable Portfolio - Managed Fund / RiverSource(SM) Variable Portfolio - Balanced Fund 0.59% 0.13% 0.08% 0.80%(1) AXP(R) Variable Portfolio - New Dimensions Fund(R) / RiverSource(SM) Variable Portfolio - New Dimensions Fund(R) 0.53% 0.13% 0.07% 0.73%(1) AXP(R) Variable Portfolio - Strategy Aggressive Fund / RiverSource(SM) Variable Portfolio - Strategy Aggressive Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Threadneedle International Fund / RiverSource(SM) Variable Portfolio - International Opportunity Fund 0.75% 0.13% 0.12% 1.00%(1)
(1) The fund's expense figures are based on actual expenses for the fiscal year ended Aug. 31, 2004 adjusted to reflect current fees. RiverSource also is used for certain subsidiaries of Ameriprise Financial that provide services in connection with the annuity contract. On Oct. 1, 2005, RiverSource Investments, LLC, a wholly owned subsidiary of Ameriprise Financial, replaced Ameriprise Financial as the investment adviser of the RiverSource Variable Portfolio Funds. The full transition to the RiverSource name will be substantially completed in the fourth quarter 2005, and will be subsequently communicated to contract owners, as appropriate. The separation of the American Express Financial Advisors unit from American Express was completed on Sept. 30, 2005. Ameriprise Financial and its subsidiaries are no longer affiliated with American Express. Ameriprise Financial is now an independent company trading under the ticker symbol AMP with a board of directors and management that are separate from American Express. THIS SUPPLEMENT SHOULD BE RETAINED WITH THE CURRENT PROSPECTUS FOR YOUR PRODUCT. -- 7 -- Prospectus and Statement of Additional Information Supplement dated Oct. 3, 2005* Product Name Prospectus Form # Date American Express Guaranteed Term Annuity S-6401 U 4/29/05 On Feb. 1, 2005, American Express Company (American Express) announced plans to pursue a spin off to American Express shareholders of its American Express Financial Advisors unit. On Aug. 1, 2005 several of the companies offering the products and services of the American Express Financial Advisors unit changed their names in anticipation of their separation from American Express. American Express Financial Corporation changed its name to Ameriprise Financial, Inc. (Ameriprise Financial). Ameriprise Financial is the parent company of the Ameriprise Financial family of companies, including IDS Life Insurance Company, the issuer and distributor of the annuity contract described in the prospectus. As part of a corporate reorganization, Ameriprise Financial also introduced the RiverSource(SM) brand. The RiverSource brand represents Ameriprise Financial's products. Accordingly, RiverSource replaced "American Express" in the name of the annuity contract as follows: - ----------------------------------------- ---------------------------------- Old Annuity Name New Annuity Name - ----------------------------------------- ---------------------------------- American Express Guaranteed Term Annuity RiverSource(SM) Guaranteed Term Annuity - ----------------------------------------- ---------------------------------- The RiverSource brand also is used for certain subsidiaries of Ameriprise Financial that provide services in connection with the annuity contract. The full transition to the RiverSource name will be substantially completed in the fourth quarter 2005, and will be subsequently communicated to contract owners, as appropriate. The separation of the American Express Financial Advisors unit from American Express was completed on Sept. 30, 2005. Ameriprise Financial and its subsidiaries are no longer affiliated with American Express. Ameriprise Financial is now an independent company trading under the ticker symbol AMP with a board of directors and management that are separate from American Express. THIS SUPPLEMENT SHOULD BE RETAINED WITH THE CURRENT PROSPECTUS FOR YOUR PRODUCT. -- 8 -- Prospectus and Statement of Additional Information Supplement dated Oct. 3, 2005*
Product Name Prospectus Form # SAI Form # Date American Express Retirement Advisor Variable Annuity(R) S-6467 J S-6325 C 4/29/05 American Express Retirement Advisor Variable Annuity(R) - Band 3 S-6477 J S-6325 C 4/29/05
On Feb. 1, 2005, American Express Company (American Express) announced plans to pursue a spin off to American Express shareholders of its American Express Financial Advisors unit. On Aug. 1, 2005 several of the companies offering the products and services of the American Express Financial Advisors unit changed their names in anticipation of their separation from American Express. American Express Financial Corporation changed its name to Ameriprise Financial, Inc. (Ameriprise Financial). Ameriprise Financial is the parent company of the Ameriprise Financial family of companies, including IDS Life Insurance Company, the issuer and distributor of the annuity contract described in the prospectus. As part of a corporate reorganization, Ameriprise Financial also introduced the RiverSource(SM) brand. The RiverSource brand represents Ameriprise Financial's products. Accordingly, RiverSource replaced "American Express" in the name of the annuity contract as follows: - ---------------------------------------- ------------------------------------- Old Annuity Name New Annuity Name - ---------------------------------------- ------------------------------------- American Express Retirement Advisor RiverSource(SM) Retirement Advisor Variable Annuity(R) Variable Annuity - ---------------------------------------- ------------------------------------- American Express Retirement Advisor RiverSource(SM) Retirement Advisor Variable Annuity(R) - Band 3 Variable Annuity - Band 3 - ---------------------------------------- ------------------------------------- On Oct. 1, 2005, the RiverSource brand replaced "American Express" and "AXP" in the name of the American Express(R) Variable Portfolio Funds and certain funds changed their names as indicated in the following table. In addition, the fee tables have been restated to reflect current fees.
Minimum and maximum total operating expenses for the funds (Including management fee, distribution and/or service (12b-1) fees and other expenses). Minimum Maximum Total expenses before fee waivers and/or expense reimbursements 0.55%(1) 2.86%(1)
Total annual operating expenses for each fund (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Cash Management Fund / RiverSource(SM) Variable Portfolio - Cash Management Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Core Bond Fund / RiverSource(SM) Variable Portfolio - Core Bond Fund 0.63% 0.13% 0.39% 1.15%(1),(2) AXP(R) Variable Portfolio - Diversified Bond Fund / RiverSource(SM) Variable Portfolio - Diversified Bond Fund 0.60% 0.13% 0.10% 0.83%(1) AXP(R) Variable Portfolio - Diversified Equity Income Fund / RiverSource(SM) Variable Portfolio - Diversified Equity Income Fund 0.64% 0.13% 0.11% 0.88%(1) AXP(R) Variable Portfolio - Equity Select Fund / RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund 0.57% 0.13% 0.15% 0.85%(1),(2) AXP(R) Variable Portfolio - Global Bond Fund / RiverSource(SM) Variable Portfolio - Global Bond Fund 0.83% 0.13% 0.14% 1.10%(1) AXP(R) Variable Portfolio - Global Inflation Protected Securities Fund(3) / RiverSource(SM) Variable Portfolio - Global Inflation Protected Securities Fund 0.49% 0.13% 0.18% 0.80%(1),(2) AXP(R) Variable Portfolio - Growth Fund / RiverSource(SM) Variable Portfolio - Growth Fund 0.55% 0.13% 0.18% 0.86%(1) AXP(R) Variable Portfolio - High Yield Bond Fund / RiverSource(SM) Variable Portfolio - High Yield Bond Fund 0.62% 0.13% 0.09% 0.84%(1)
-- 9 --
Total annual operating expenses for each fund (continued) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Income Opportunities Fund / RiverSource(SM) Variable Portfolio - Income Opportunities Fund 0.64% 0.13% 0.80% 1.57%(1),(2) AXP(R) Variable Portfolio - Large Cap Equity Fund / RiverSource(SM) Variable Portfolio - Large Cap Equity Fund 0.65% 0.13% 0.08% 0.86%(1) AXP(R) Variable Portfolio - Large Cap Value Fund / RiverSource(SM) Variable Portfolio - Large Cap Value Fund 0.63% 0.13% 2.10% 2.86%(1),(2) AXP(R) Variable Portfolio - Managed Fund / RiverSource(SM) Variable Portfolio - Balanced Fund 0.59% 0.13% 0.08% 0.80%(1) AXP(R) Variable Portfolio - Mid Cap Value Fund / RiverSource(SM) Variable Portfolio - Mid Cap Value Fund 0.73% 0.13% 0.53% 1.39%(1),(2) AXP(R) Variable Portfolio - New Dimensions Fund(R) / RiverSource(SM) Variable Portfolio - New Dimensions Fund(R) 0.53% 0.13% 0.07% 0.73%(1) AXP(R) Variable Portfolio - Partners Select Value Fund / RiverSource(SM) Variable Portfolio - Select Value Fund 0.81% 0.13% 1.03% 1.97%(1),(2) AXP(R) Variable Portfolio - S&P 500 Index Fund / RiverSource(SM) Variable Portfolio - S&P 500 Index Fund 0.29% 0.13% 0.13% 0.55%(1),(2) AXP(R) Variable Portfolio - Short Duration U.S. Government Fund / RiverSource(SM) Variable Portfolio - Short Duration U.S. Government Fund 0.61% 0.13% 0.10% 0.84%(1) AXP(R) Variable Portfolio - Small Cap Advantage Fund / RiverSource(SM) Variable Portfolio - Small Cap Advantage Fund 0.85% 0.13% 0.14% 1.12%(1) AXP(R) Variable Portfolio - Strategy Aggressive Fund / RiverSource(SM) Variable Portfolio - Strategy Aggressive Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Threadneedle Emerging Markets Fund / RiverSource(SM) Variable Portfolio - Emerging Markets Fund 1.11% 0.13% 0.41% 1.65%(1),(2) AXP(R) Variable Portfolio - Threadneedle International Fund / RiverSource(SM) Variable Portfolio - International Opportunity Fund 0.75% 0.13% 0.12% 1.00%(1) Lazard Retirement International Equity Portfolio 0.75% 0.25% 0.29% 1.29%(4)
(1) The fund's expense figures are based on actual expenses for the fiscal year ended Aug. 31, 2004 adjusted to reflect current fees. (2) RiverSource Investments and its affiliates have contractually agreed to waive certain fees and to absorb certain expenses until Aug. 31, 2006, unless sooner terminated at the discretion of the fund's Board. Any amount waived will not be reimbursed by the fund. Under this agreement, net expenses, before giving effect to any performance incentive adjustment, will not exceed: 0.95% for RiverSource(SM) Variable Portfolio - Core Bond Fund, 1.75% for RiverSource(SM) Variable Portfolio - Emerging Markets Fund, 0.75% for RiverSource(SM) Variable Portfolio - Global Inflation Protected Securities Fund, 0.99% for RiverSource(SM) Variable Portfolio - Income Opportunities Fund, 1.05% for RiverSource(SM) Variable Portfolio - Large Cap Value Fund, 1.10% for RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund, 1.08% for RiverSource(SM) Variable Portfolio - Mid Cap Value Fund, 1.15% for RiverSource(SM) Variable Portfolio - Select Value Fund and 0.495% for RiverSource(SM) Variable Portfolio - S&P 500 Index Fund. (3) AXP(R) Variable Portfolio - Inflation Protected Securities Fund changed to AXP(R) Variable Portfolio - Global Inflation Protected Securities Fund on Sept. 12, 2005. (4) The fund's expense figures are based on actual expenses for the fiscal year ended Dec. 31, 2004 adjusted to reflect current fees. RiverSource also is used for certain subsidiaries of Ameriprise Financial that provide services in connection with the annuity contract. On Oct. 1, 2005, RiverSource Investments, LLC, a wholly owned subsidiary of Ameriprise Financial, replaced Ameriprise Financial as the investment adviser of the RiverSource Variable Portfolio Funds. The full transition to the RiverSource name will be substantially completed in the fourth quarter 2005, and will be subsequently communicated to contract owners, as appropriate. The separation of the American Express Financial Advisors unit from American Express was completed on Sept. 30, 2005. Ameriprise Financial and its subsidiaries are no longer affiliated with American Express. Ameriprise Financial is now an independent company trading under the ticker symbol AMP with a board of directors and management that are separate from American Express. THIS SUPPLEMENT SHOULD BE RETAINED WITH THE CURRENT PROSPECTUS FOR YOUR PRODUCT. -- 10 -- Prospectus and Statement of Additional Information Supplement dated Oct. 3, 2005*
Product Name Prospectus Form # SAI Form # Date American Express Retirement Advisor Advantage(R) Variable Annuity / American Express Retirement Advisor Select Variable Annuity(R) S-6406 H S-6325 C 4/29/05 American Express Retirement Advisor Advantage(R) Variable Annuity - Band 3 S-6407 F S-6325 C 4/29/05
On Feb. 1, 2005, American Express Company (American Express) announced plans to pursue a spin off to American Express shareholders of its American Express Financial Advisors unit. On Aug. 1, 2005 several of the companies offering the products and services of the American Express Financial Advisors unit changed their names in anticipation of their separation from American Express. American Express Financial Corporation changed its name to Ameriprise Financial, Inc. (Ameriprise Financial). Ameriprise Financial is the parent company of the Ameriprise Financial family of companies, including IDS Life Insurance Company, the issuer and distributor of the annuity contract described in the prospectus. As part of a corporate reorganization, Ameriprise Financial also introduced the RiverSource(SM) brand. The RiverSource brand represents Ameriprise Financial's products. Accordingly, RiverSource replaced "American Express" in the name of the annuity contract as follows: - ----------------------------------------- ------------------------------------- Old Annuity Name New Annuity Name - ----------------------------------------- ------------------------------------- American Express Retirement Advisor RiverSource(SM) Retirement Advisor Advantage(R) Variable Annuity / Advantage Variable Annuity / American Express Retirement Advisor RiverSource(SM) Retirement Advisor Select Variable Annuity(R) Select Variable Annuity - ----------------------------------------- ------------------------------------- American Express Retirement Advisor RiverSource(SM) Retirement Advisor Advantage(R) Variable Annuity - Band 3 Advantage Variable Annuity - Band 3 - ----------------------------------------- ------------------------------------- On Oct. 1, 2005, the RiverSource brand replaced "American Express" and "AXP" in the name of the American Express(R) Variable Portfolio Funds and certain funds changed their names as indicated in the following table. In addition, the fee tables have been restated to reflect current fees.
Minimum and maximum total operating expenses for the funds (Including management fee, distribution and/or service (12b-1) fees and other expenses). Minimum Maximum Total expenses before fee waivers and/or expense reimbursements 0.55%(1) 2.86%(1)
Total annual operating expenses for each fund (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Cash Management Fund / RiverSource(SM) Variable Portfolio - Cash Management Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Core Bond Fund / RiverSource(SM) Variable Portfolio - Core Bond Fund 0.63% 0.13% 0.39% 1.15%(1),(2) AXP(R) Variable Portfolio - Diversified Bond Fund / RiverSource(SM) Variable Portfolio - Diversified Bond Fund 0.60% 0.13% 0.10% 0.83%(1) AXP(R) Variable Portfolio - Diversified Equity Income Fund / RiverSource(SM) Variable Portfolio - Diversified Equity Income Fund 0.64% 0.13% 0.11% 0.88%(1) AXP(R) Variable Portfolio - Equity Select Fund / RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund 0.57% 0.13% 0.15% 0.85%(1),(2) AXP(R) Variable Portfolio - Global Bond Fund / RiverSource(SM) Variable Portfolio - Global Bond Fund 0.83% 0.13% 0.14% 1.10%(1) AXP(R) Variable Portfolio - Global Inflation Protected Securities Fund(3) / RiverSource(SM) Variable Portfolio - Global Inflation Protected Securities Fund 0.49% 0.13% 0.18% 0.80%(1),(2)
-- 11 --
Total annual operating expenses for each fund (continued) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Growth Fund / RiverSource(SM) Variable Portfolio - Growth Fund 0.55% 0.13% 0.18% 0.86%(1) AXP(R) Variable Portfolio - High Yield Bond Fund / RiverSource(SM) Variable Portfolio - High Yield Bond Fund 0.62% 0.13% 0.09% 0.84%(1) AXP(R) Variable Portfolio - Income Opportunities Fund / RiverSource(SM) Variable Portfolio - Income Opportunities Fund 0.64% 0.13% 0.80% 1.57%(1),(2) AXP(R) Variable Portfolio - Large Cap Equity Fund / RiverSource(SM) Variable Portfolio - Large Cap Equity Fund 0.65% 0.13% 0.08% 0.86%(1) AXP(R) Variable Portfolio - Large Cap Value Fund / RiverSource(SM) Variable Portfolio - Large Cap Value Fund 0.63% 0.13% 2.10% 2.86%(1),(2) AXP(R) Variable Portfolio - Managed Fund / RiverSource(SM) Variable Portfolio - Balanced Fund 0.59% 0.13% 0.08% 0.80%(1) AXP(R) Variable Portfolio - Mid Cap Value Fund / RiverSource(SM) Variable Portfolio - Mid Cap Value Fund 0.73% 0.13% 0.53% 1.39%(1),(2) AXP(R) Variable Portfolio - New Dimensions Fund(R) / RiverSource(SM) Variable Portfolio - New Dimensions Fund(R) 0.53% 0.13% 0.07% 0.73%(1) AXP(R) Variable Portfolio - Partners Select Value Fund / RiverSource(SM) Variable Portfolio - Select Value Fund 0.81% 0.13% 1.03% 1.97%(1),(2) AXP(R) Variable Portfolio - Partners Small Cap Value Fund / RiverSource(SM) Variable Portfolio - Small Cap Value Fund 0.94% 0.13% 0.20% 1.27%(1),(2) AXP(R) Variable Portfolio - S&P 500 Index Fund / RiverSource(SM) Variable Portfolio - S&P 500 Index Fund 0.29% 0.13% 0.13% 0.55%(1),(2) AXP(R) Variable Portfolio - Short Duration U.S. Government Fund / RiverSource(SM) Variable Portfolio - Short Duration U.S. Government Fund 0.61% 0.13% 0.10% 0.84%(1) AXP(R) Variable Portfolio - Small Cap Advantage Fund / RiverSource(SM) Variable Portfolio - Small Cap Advantage Fund 0.85% 0.13% 0.14% 1.12%(1) AXP(R) Variable Portfolio - Strategy Aggressive Fund / RiverSource(SM) Variable Portfolio - Strategy Aggressive Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Threadneedle Emerging Markets Fund / RiverSource(SM) Variable Portfolio - Emerging Markets Fund 1.11% 0.13% 0.41% 1.65%(1),(2) AXP(R) Variable Portfolio - Threadneedle International Fund / RiverSource(SM) Variable Portfolio - International Opportunity Fund 0.75% 0.13% 0.12% 1.00%(1) Lazard Retirement International Equity Portfolio 0.75% 0.25% 0.29% 1.29%(4)
(1) The fund's expense figures are based on actual expenses for the fiscal year ended Aug. 31, 2004 adjusted to reflect current fees. (2) RiverSource Investments and its affiliates have contractually agreed to waive certain fees and to absorb certain expenses until Aug. 31, 2006, unless sooner terminated at the discretion of the fund's Board. Any amount waived will not be reimbursed by the fund. Under this agreement, net expenses, before giving effect to any performance incentive adjustment, will not exceed: 0.95% for RiverSource(SM) Variable Portfolio - Core Bond Fund, 1.75% for RiverSource(SM) Variable Portfolio - Emerging Markets Fund, 0.75% for RiverSource(SM) Variable Portfolio - Global Inflation Protected Securities Fund, 0.99%for RiverSource(SM) Variable Portfolio - Income Opportunities Fund, 1.05% for RiverSource(SM) Variable Portfolio - Large Cap Value Fund, 1.10% for RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund, 1.08% for RiverSource(SM) Variable Portfolio - Mid Cap Value Fund, 1.15% for RiverSource(SM) Variable Portfolio - Select Value Fund, 1.30% for RiverSource(SM) Variable Portfolio - Small Cap Value Fund and 0.495% for RiverSource(SM) Variable Portfolio - S&P 500 Index Fund. (3) AXP(R) Variable Portfolio - Inflation Protected Securities Fund changed to AXP(R) Variable Portfolio - Global Inflation Protected Securities Fund on Sept. 12, 2005. (4) The fund's expense figures are based on actual expenses for the fiscal year ended Dec. 31, 2004 adjusted to reflect current fees. RiverSource also is used for certain subsidiaries of Ameriprise Financial that provide services in connection with the annuity contract. On Oct. 1, 2005, RiverSource Investments, LLC, a wholly owned subsidiary of Ameriprise Financial, replaced Ameriprise Financial as the investment adviser of the RiverSource Variable Portfolio Funds. The full transition to the RiverSource name will be substantially completed in the fourth quarter 2005, and will be subsequently communicated to contract owners, as appropriate. The separation of the American Express Financial Advisors unit from American Express was completed on Sept. 30, 2005. Ameriprise Financial and its subsidiaries are no longer affiliated with American Express. Ameriprise Financial is now an independent company trading under the ticker symbol AMP with a board of directors and management that are separate from American Express. THIS SUPPLEMENT SHOULD BE RETAINED WITH THE CURRENT PROSPECTUS FOR YOUR PRODUCT. -- 12 -- Prospectus and Statement of Additional Information Supplement dated Oct. 3, 2005*
Product Name Prospectus Form # SAI Form # Date American Express Retirement Advisor Advantage Plus(R) Variable Annuity / American Express Retirement Advisor Select Plus(R) Variable Annuity S-6273 F S-6325 C 4/29/05
On Feb. 1, 2005, American Express Company (American Express) announced plans to pursue a spin off to American Express shareholders of its American Express Financial Advisors unit. On Aug. 1, 2005 several of the companies offering the products and services of the American Express Financial Advisors unit changed their names in anticipation of their separation from American Express. American Express Financial Corporation changed its name to Ameriprise Financial, Inc. (Ameriprise Financial). Ameriprise Financial is the parent company of the Ameriprise Financial family of companies, including IDS Life Insurance Company, the issuer and distributor of the annuity contract described in the prospectus. As part of a corporate reorganization, Ameriprise Financial also introduced the RiverSource(SM) brand. The RiverSource brand represents Ameriprise Financial's products. Accordingly, RiverSource replaced "American Express" in the name of the annuity contract as follows: - ---------------------------------------- --------------------------------------- Old Annuity Name New Annuity Name - ---------------------------------------- --------------------------------------- American Express Retirement Advisor RiverSource(SM) Retirement Advisor Advantage Plus(R) Variable Annuity / Advantage Plus Variable Annuity / American Express Retirement Advisor RiverSource(SM) Retirement Advisor Select Plus(R) Variable Annuity Select Plus Variable Annuity - ---------------------------------------- --------------------------------------- On Oct. 1, 2005, the RiverSource brand replaced "American Express" and "AXP" in the name of the American Express(R) Variable Portfolio Funds and certain funds changed their names as indicated in the following table. In addition, the fee tables have been restated to reflect current fees.
Minimum and maximum total operating expenses for the funds (Including management fee, distribution and/or service (12b-1) fees and other expenses). Minimum Maximum Total expenses before fee waivers and/or expense reimbursements 0.55%(1) 2.86%(1)
Total annual operating expenses for each fund (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Cash Management Fund / RiverSource(SM) Variable Portfolio - Cash Management Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Core Bond Fund / RiverSource(SM) Variable Portfolio - Core Bond Fund 0.63% 0.13% 0.39% 1.15%(1),(2) AXP(R) Variable Portfolio - Diversified Bond Fund / RiverSource(SM) Variable Portfolio - Diversified Bond Fund 0.60% 0.13% 0.10% 0.83%(1) AXP(R) Variable Portfolio - Diversified Equity Income Fund / RiverSource(SM) Variable Portfolio - Diversified Equity Income Fund 0.64% 0.13% 0.11% 0.88%(1) AXP(R) Variable Portfolio - Equity Select Fund / RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund 0.57% 0.13% 0.15% 0.85%(1),(2) AXP(R) Variable Portfolio - Global Bond Fund / RiverSource(SM) Variable Portfolio - Global Bond Fund 0.83% 0.13% 0.14% 1.10%(1) AXP(R) Variable Portfolio - Global Inflation Protected Securities Fund(3) / RiverSource(SM) Variable Portfolio - Global Inflation Protected Securities Fund 0.49% 0.13% 0.18% 0.80%(1),(2) AXP(R) Variable Portfolio - Growth Fund / RiverSource(SM) Variable Portfolio - Growth Fund 0.55% 0.13% 0.18% 0.86%(1) AXP(R) Variable Portfolio - High Yield Bond Fund / RiverSource(SM) Variable Portfolio - High Yield Bond Fund 0.62% 0.13% 0.09% 0.84%(1)
-- 13 --
Total annual operating expenses for each fund (continued) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Income Opportunities Fund / RiverSource(SM) Variable Portfolio - Income Opportunities Fund 0.64% 0.13% 0.80% 1.57%(1),(2) AXP(R) Variable Portfolio - Large Cap Equity Fund / RiverSource(SM) Variable Portfolio - Large Cap Equity Fund 0.65% 0.13% 0.08% 0.86%(1) AXP(R) Variable Portfolio - Large Cap Value Fund / RiverSource(SM) Variable Portfolio - Large Cap Value Fund 0.63% 0.13% 2.10% 2.86%(1),(2) AXP(R) Variable Portfolio - Managed Fund / RiverSource(SM) Variable Portfolio - Balanced Fund 0.59% 0.13% 0.08% 0.80%(1) AXP(R) Variable Portfolio - New Dimensions Fund(R) / RiverSource(SM) Variable Portfolio - New Dimensions Fund(R) 0.53% 0.13% 0.07% 0.73%(1) AXP(R) Variable Portfolio - Partners Select Value Fund / RiverSource(SM) Variable Portfolio - Select Value Fund 0.81% 0.13% 1.03% 1.97%(1),(2) AXP(R) Variable Portfolio - Partners Small Cap Value Fund / RiverSource(SM) Variable Portfolio - Small Cap Value Fund 0.94% 0.13% 0.20% 1.27%(1),(2) AXP(R) Variable Portfolio - S&P 500 Index Fund / RiverSource(SM) Variable Portfolio - S&P 500 Index Fund 0.29% 0.13% 0.13% 0.55%(1),(2) AXP(R) Variable Portfolio - Short Duration U.S. Government Fund / RiverSource(SM) Variable Portfolio - Short Duration U.S. Government Fund 0.61% 0.13% 0.10% 0.84%(1) AXP(R) Variable Portfolio - Small Cap Advantage Fund / RiverSource(SM) Variable Portfolio - Small Cap Advantage Fund 0.85% 0.13% 0.14% 1.12%(1) AXP(R) Variable Portfolio - Strategy Aggressive Fund / RiverSource(SM) Variable Portfolio - Strategy Aggressive Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Threadneedle Emerging Markets Fund / RiverSource(SM) Variable Portfolio - Emerging Markets Fund 1.11% 0.13% 0.41% 1.65%(1),(2) AXP(R) Variable Portfolio - Threadneedle International Fund / RiverSource(SM) Variable Portfolio - International Opportunity Fund 0.75% 0.13% 0.12% 1.00%(1) Lazard Retirement International Equity Portfolio 0.75% 0.25% 0.29% 1.29%(4)
(1) The fund's expense figures are based on actual expenses for the fiscal year ended Aug. 31, 2004 adjusted to reflect current fees. (2) RiverSource Investments and its affiliates have contractually agreed to waive certain fees and to absorb certain expenses until Aug. 31, 2006, unless sooner terminated at the discretion of the fund's Board. Any amount waived will not be reimbursed by the fund. Under this agreement, net expenses, before giving effect to any performance incentive adjustment, will not exceed: 0.95% for RiverSource(SM) Variable Portfolio - Core Bond Fund, 1.75% for RiverSource(SM) Variable Portfolio - Emerging Markets Fund, 0.75% for RiverSource(SM) Variable Portfolio - Global Inflation Protected Securities Fund, 0.99% for RiverSource(SM) Variable Portfolio - Income Opportunities Fund, 1.05% for RiverSource(SM) Variable Portfolio - Large Cap Value Fund, 1.10% for RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund, 1.15% for RiverSource(SM) Variable Portfolio - Select Value Fund, 1.30% for RiverSource(SM) Variable Portfolio - Small Cap Value Fund and 0.495% for RiverSource(SM) Variable Portfolio - S&P 500 Index Fund. (3) AXP(R) Variable Portfolio - Inflation Protected Securities Fund changed to AXP(R) Variable Portfolio - Global Inflation Protected Securities Fund on Sept. 12, 2005. (4) The fund's expense figures are based on actual expenses for the fiscal year ended Dec. 31, 2004 adjusted to reflect current fees. RiverSource also is used for certain subsidiaries of Ameriprise Financial that provide services in connection with the annuity contract. On Oct. 1, 2005, RiverSource Investments, LLC, a wholly owned subsidiary of Ameriprise Financial, replaced Ameriprise Financial as the investment adviser of the RiverSource Variable Portfolio Funds. The full transition to the RiverSource name will be substantially completed in the fourth quarter 2005, and will be subsequently communicated to contract owners, as appropriate. The separation of the American Express Financial Advisors unit from American Express was completed on Sept. 30, 2005. Ameriprise Financial and its subsidiaries are no longer affiliated with American Express. Ameriprise Financial is now an independent company trading under the ticker symbol AMP with a board of directors and management that are separate from American Express. THIS SUPPLEMENT SHOULD BE RETAINED WITH THE CURRENT PROSPECTUS FOR YOUR PRODUCT. -- 14 -- Prospectus and Statement of Additional Information Supplement dated Oct. 3, 2005*
Product Name Prospectus Form # SAI Form # Date American Express(R) Variable Universal Life S-6194 AF S-6333 C 4/29/05 American Express(R) Variable Universal Life III S-6189 J S-6333 C 4/29/05
On Feb. 1, 2005, American Express Company (American Express) announced plans to pursue a spin off to American Express shareholders of its American Express Financial Advisors unit. On Aug. 1, 2005 several of the companies offering the products and services of the American Express Financial Advisors unit changed their names in anticipation of their separation from American Express. American Express Financial Corporation changed its name to Ameriprise Financial, Inc. (Ameriprise Financial). Ameriprise Financial is the parent company of the Ameriprise Financial family of companies, including IDS Life Insurance Company, the issuer and distributor of the life insurance policy described in the prospectus. As part of a corporate reorganization, Ameriprise Financial also introduced the RiverSource(SM) brand. The RiverSource brand represents Ameriprise Financial's products. Accordingly, RiverSource replaced "American Express" in the name of the life insurance policy as follows: - ------------------------------------------ ------------------------------------ Old Policy Name New Policy Name - ------------------------------------------ ------------------------------------ American Express(R) Variable Universal RiverSource(SM) Variable Universal Life Life - ------------------------------------------ ------------------------------------ American Express(R) Variable Universal RiverSource(SM) Variable Universal Life III Life Insurance III - ------------------------------------------ ------------------------------------ On Oct. 1, 2005, the RiverSource brand replaced "American Express" and "AXP" in the name of the American Express(R) Variable Portfolio Funds and certain funds changed their names as indicated in the following table. In addition, the fee tables have been restated to reflect current fees.
Minimum and maximum total operating expenses for the funds (Including management fee, distribution and/or service (12b-1) fees and other expenses). Minimum Maximum Total expenses before fee waivers and/or expense reimbursements 0.55%(1) 1.65%(1)
Total annual operating expenses for each fund (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Cash Management Fund / RiverSource(SM) Variable Portfolio - Cash Management Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Diversified Bond Fund / RiverSource(SM) Variable Portfolio - Diversified Bond Fund 0.60% 0.13% 0.10% 0.83%(1) AXP(R) Variable Portfolio - Diversified Equity Income Fund / RiverSource(SM) Variable Portfolio - Diversified Equity Income Fund 0.64% 0.13% 0.11% 0.88%(1) AXP(R) Variable Portfolio - Global Bond Fund / RiverSource(SM) Variable Portfolio - Global Bond Fund 0.83% 0.13% 0.14% 1.10%(1) AXP(R) Variable Portfolio - Growth Fund / RiverSource(SM) Variable Portfolio - Growth Fund 0.55% 0.13% 0.18% 0.86%(1) AXP(R) Variable Portfolio - High Yield Bond Fund / RiverSource(SM) Variable Portfolio - High Yield Bond Fund 0.62% 0.13% 0.09% 0.84%(1) AXP(R) Variable Portfolio - Large Cap Equity Fund / RiverSource(SM) Variable Portfolio - Large Cap Equity Fund 0.65% 0.13% 0.08% 0.86%(1) AXP(R) Variable Portfolio - Managed Fund / RiverSource(SM) Variable Portfolio - Balanced Fund 0.59% 0.13% 0.08% 0.80%(1) AXP(R) Variable Portfolio - New Dimensions Fund(R) / RiverSource(SM) Variable Portfolio - New Dimensions Fund(R) 0.53% 0.13% 0.07% 0.73%(1)
-- 15 --
Total annual operating expenses for each fund (continued) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - S&P 500 Index Fund / RiverSource(SM) Variable Portfolio - S&P 500 Index Fund 0.29% 0.13% 0.13% 0.55%(1),(2) AXP(R) Variable Portfolio - Short Duration U.S. Government Fund / RiverSource(SM) Variable Portfolio - Short Duration U.S. Government Fund 0.61% 0.13% 0.10% 0.84%(1) AXP(R) Variable Portfolio - Small Cap Advantage Fund / RiverSource(SM) Variable Portfolio - Small Cap Advantage Fund 0.85% 0.13% 0.14% 1.12%(1) AXP(R) Variable Portfolio - Strategy Aggressive Fund / RiverSource(SM) Variable Portfolio - Strategy Aggressive Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Threadneedle Emerging Markets Fund / RiverSource(SM) Variable Portfolio - Emerging Markets Fund 1.11% 0.13% 0.41% 1.65%(1),(2) AXP(R) Variable Portfolio - Threadneedle International Fund / RiverSource(SM) Variable Portfolio - International Opportunity Fund 0.75% 0.13% 0.12% 1.00%(1) Lazard Retirement International Equity Portfolio 0.75% 0.25% 0.29% 1.29%(3)
(1) The fund's expense figures are based on actual expenses for the fiscal year ended Aug. 31, 2004 adjusted to reflect current fees. (2) RiverSource Investments and its affiliates have contractually agreed to waive certain fees and to absorb certain expenses until Aug. 31, 2006, unless sooner terminated at the discretion of the fund's Board. Any amount waived will not be reimbursed by the fund. Under this agreement, net expenses, before giving effect to any performance incentive adjustment, will not exceed: 1.75% for RiverSource(SM) Variable Portfolio - Emerging Markets Fund and 0.495% for RiverSource(SM) Variable Portfolio - S&P 500 Index Fund. (3) The fund's expense figures are based on actual expenses for the fiscal year ended Dec. 31, 2004 adjusted to reflect current fees. RiverSource also is used for certain subsidiaries of Ameriprise Financial that provide services in connection with the life insurance policy. On Oct. 1, 2005, RiverSource Investments, LLC, a wholly owned subsidiary of Ameriprise Financial, replaced Ameriprise Financial as the investment adviser of the RiverSource Variable Portfolio Funds. The full transition to the RiverSource name will be substantially completed in the fourth quarter 2005, and will be subsequently communicated to policy owners, as appropriate. The separation of the American Express Financial Advisors unit from American Express was completed on Sept. 30, 2005. Ameriprise Financial and its subsidiaries are no longer affiliated with American Express. Ameriprise Financial is now an independent company trading under the ticker symbol AMP with a board of directors and management that are separate from American Express. For American Express(R) Variable Universal Life III Only: CHANGE TO "OPTION A -- INTEREST PAYMENTS" "Option A -- Interest Payments" under the "Payment Options" section of "Payment of Policy Proceeds" on page 37 of the prospectus is replaced with the following: Option A -- Interest Payments: We will pay interest on any proceeds placed under this option at a rate of 3% per year compounded annually, at regular intervals and for a period that is agreeable to both you and us. At the end of any payment interval, you may withdraw proceeds in amounts of at least $100. At any time, you may withdraw all of the proceeds that remain or you may place them under a different payment option approved by us. THIS SUPPLEMENT SHOULD BE RETAINED WITH THE CURRENT PROSPECTUS FOR YOUR PRODUCT. -- 16 -- Prospectus and Statement of Additional Information Supplement dated Oct. 3, 2005*
Product Name Prospectus Form # SAI Form # Date American Express(R) Variable Universal Life IV/ American Express(R) Variable Universal Life IV - Estate Series S-6418 E S-6333 C 4/29/05
On Feb. 1, 2005, American Express Company (American Express) announced plans to pursue a spin off to American Express shareholders of its American Express Financial Advisors unit. On Aug. 1, 2005 several of the companies offering the products and services of the American Express Financial Advisors unit changed their names in anticipation of their separation from American Express. American Express Financial Corporation changed its name to Ameriprise Financial, Inc. (Ameriprise Financial). Ameriprise Financial is the parent company of the Ameriprise Financial family of companies, including IDS Life Insurance Company, the issuer and distributor of the life insurance policy described in the prospectus. As part of a corporate reorganization, Ameriprise Financial also introduced the RiverSource(SM) brand. The RiverSource brand represents Ameriprise Financial's products. Accordingly, RiverSource replaced "American Express" in the name of the life insurance policy as follows: - ------------------------------------------- ------------------------------------ Old Policy Name New Policy Name - ------------------------------------------- ------------------------------------ American Express(R) Variable Universal Life RiverSource(SM) Variable Universal IV/ American Express(R) Variable Universal Life IV/ RiverSource(SM) Variable Life IV - Estate Series Universal Life IV - Estate Series - ------------------------------------------- ------------------------------------ On Oct. 1, 2005, the RiverSource brand replaced "American Express" and "AXP" in the name of the American Express(R) Variable Portfolio Funds and certain funds changed their names as indicated in the following table. In addition, the fee tables have been restated to reflect current fees.
Minimum and maximum total operating expenses for the funds (Including management fee, distribution and/or service (12b-1) fees and other expenses). Minimum Maximum Total expenses before fee waivers and/or expense reimbursements 0.55%(1) 2.86%(1)
Total annual operating expenses for each fund (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Cash Management Fund / RiverSource(SM) Variable Portfolio - Cash Management Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Core Bond Fund / RiverSource(SM) Variable Portfolio - Core Bond Fund 0.63% 0.13% 0.39% 1.15%(1),(2),(3) AXP(R) Variable Portfolio - Diversified Bond Fund / RiverSource(SM) Variable Portfolio - Diversified Bond Fund 0.60% 0.13% 0.10% 0.83%(1) AXP(R) Variable Portfolio - Diversified Equity Income Fund / RiverSource(SM) Variable Portfolio - Diversified Equity Income Fund 0.64% 0.13% 0.11% 0.88%(1) AXP(R) Variable Portfolio - Equity Select Fund / RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund 0.57% 0.13% 0.15% 0.85%(1),(3) AXP(R) Variable Portfolio - Global Bond Fund / RiverSource(SM) Variable Portfolio - Global Bond Fund 0.83% 0.13% 0.14% 1.10%(1) AXP(R) Variable Portfolio - Global Inflation Protected Securities Fund(4) / RiverSource(SM) Variable Portfolio - Global Inflation Protected Securities Fund 0.49% 0.13% 0.18% 0.80%(1),(2),(3) AXP(R) Variable Portfolio - Growth Fund / RiverSource(SM) Variable Portfolio - Growth Fund 0.55% 0.13% 0.18% 0.86%(1) AXP(R) Variable Portfolio - High Yield Bond Fund / RiverSource(SM) Variable Portfolio - High Yield Bond Fund 0.62% 0.13% 0.09% 0.84%(1) AXP(R) Variable Portfolio - Income Opportunities Fund / RiverSource(SM) Variable Portfolio - Income Opportunities Fund 0.64% 0.13% 0.80% 1.57%(1),(2),(3) AXP(R) Variable Portfolio - Large Cap Equity Fund / RiverSource(SM) Variable Portfolio - Large Cap Equity Fund 0.65% 0.13% 0.08% 0.86%(1)
-- 17 --
Total annual operating expenses for each fund (continued) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Large Cap Value Fund / RiverSource(SM) Variable Portfolio - Large Cap Value Fund 0.63% 0.13% 2.10% 2.86%(1),(2),(3) AXP(R) Variable Portfolio - Managed Fund / RiverSource(SM) Variable Portfolio - Balanced Fund 0.59% 0.13% 0.08% 0.80%(1) AXP(R) Variable Portfolio - Mid Cap Value Fund / RiverSource(SM) Variable Portfolio - Mid Cap Value Fund 0.73% 0.13% 0.53% 1.39%(1),(2),(3) AXP(R) Variable Portfolio - New Dimensions Fund(R) / RiverSource(SM) Variable Portfolio - New Dimensions Fund(R) 0.53% 0.13% 0.07% 0.73%(1) AXP(R) Variable Portfolio - Partners Select Value Fund / RiverSource(SM) Variable Portfolio - Select Value Fund 0.81% 0.13% 1.03% 1.97%(1),(2),(3) AXP(R) Variable Portfolio - Partners Small Cap Value Fund / RiverSource(SM) Variable Portfolio - Small Cap Value Fund 0.94% 0.13% 0.20% 1.27%(1),(3) AXP(R) Variable Portfolio - S&P 500 Index Fund / RiverSource(SM) Variable Portfolio - S&P 500 Index Fund 0.29% 0.13% 0.13% 0.55%(1),(2) AXP(R) Variable Portfolio - Short Duration U.S. Government Fund / RiverSource(SM) Variable Portfolio - Short Duration U.S. Government Fund 0.61% 0.13% 0.10% 0.84%(1) AXP(R) Variable Portfolio - Small Cap Advantage Fund / RiverSource(SM) Variable Portfolio - Small Cap Advantage Fund 0.85% 0.13% 0.14% 1.12%(1) AXP(R) Variable Portfolio - Strategy Aggressive Fund / RiverSource(SM) Variable Portfolio - Strategy Aggressive Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Threadneedle Emerging Markets Fund / RiverSource(SM) Variable Portfolio - Emerging Markets Fund 1.11% 0.13% 0.41% 1.65%(1),(3) AXP(R) Variable Portfolio - Threadneedle International Fund / RiverSource(SM) Variable Portfolio - International Opportunity Fund 0.75% 0.13% 0.12% 1.00%(1) Lazard Retirement International Equity Portfolio 0.75% 0.25% 0.29% 1.29%(5)
(1) The fund's expense figures are based on actual expenses for the fiscal year ended Aug. 31, 2004 adjusted to reflect current fees. (2) Available under certain RiverSource(SM) Variable Universal Life IV/RiverSource(SM) Variable Universal Life IV - Estate Series policies sold on or after Aug. 30, 2005. (3) RiverSource Investments and its affiliates have contractually agreed to waive certain fees and to absorb certain expenses until Aug. 31, 2006, unless sooner terminated at the discretion of the fund's Board. Any amount waived will not be reimbursed by the fund. Under this agreement, net expenses, before giving effect to any performance incentive adjustment, will not exceed: 0.95% for RiverSource(SM) Variable Portfolio - Core Bond Fund, 1.75% for RiverSource(SM) Variable Portfolio - Emerging Markets Fund, 0.75% for RiverSource(SM) Variable Portfolio - Global Inflation Protected Securities Fund, 0.99% for RiverSource(SM) Variable Portfolio - Income Opportunities Fund, 1.05% for RiverSource(SM) Variable Portfolio - Large Cap Value Fund, 1.10% for RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund, 1.08% for RiverSource(SM) Variable Portfolio - Mid Cap Value Fund, 1.15% for RiverSource(SM) Variable Portfolio - Select Value Fund, 1.30% for RiverSource(SM) Variable Portfolio - Small Cap Value Fund and 0.495% for RiverSource(SM) Variable Portfolio - S&P 500 Index Fund. (4) AXP(R) Variable Portfolio - Inflation Protected Securities Fund changed to AXP(R) Variable Portfolio - Global Inflation Protected Securities Fund on Sept. 12, 2005. (5) The fund's expense figures are based on actual expenses for the fiscal year ended Dec. 31, 2004 adjusted to reflect current fees. RiverSource also is used for certain subsidiaries of Ameriprise Financial that provide services in connection with the life insurance policy. On Oct. 1, 2005, RiverSource Investments, LLC, a wholly owned subsidiary of Ameriprise Financial, replaced Ameriprise Financial as the investment adviser of the RiverSource Variable Portfolio Funds. The full transition to the RiverSource name will be substantially completed in the fourth quarter 2005, and will be subsequently communicated to policy owners, as appropriate. The separation of the American Express Financial Advisors unit from American Express was completed on Sept. 30, 2005. Ameriprise Financial and its subsidiaries are no longer affiliated with American Express. Ameriprise Financial is now an independent company trading under the ticker symbol AMP with a board of directors and management that are separate from American Express. CHANGE TO "OPTION A -- INTEREST PAYMENTS" "Option A -- Interest Payments" under the "Payment Options" section of "Payment of Policy Proceeds" on page 43 of the prospectus is replaced with the following: Option A -- Interest Payments: We will pay interest on any proceeds placed under this option at a rate of 3% per year compounded annually, at regular intervals and for a period that is agreeable to both you and us. At the end of any payment interval, you may withdraw proceeds in amounts of at least $100. At any time, you may withdraw all of the proceeds that remain or you may place them under a different payment option approved by us. THIS SUPPLEMENT SHOULD BE RETAINED WITH THE CURRENT PROSPECTUS FOR YOUR PRODUCT. -- 18 -- Prospectus and Statement of Additional Information Supplement dated Oct. 3, 2005*
Product Name Prospectus Form # SAI Form # Date American Express(R) Single Premium Variable Life S-6199 E S-6333 C 4/29/05
On Feb. 1, 2005, American Express Company (American Express) announced plans to pursue a spin off to American Express shareholders of its American Express Financial Advisors unit. On Aug. 1, 2005 several of the companies offering the products and services of the American Express Financial Advisors unit changed their names in anticipation of their separation from American Express. American Express Financial Corporation changed its name to Ameriprise Financial, Inc. (Ameriprise Financial). Ameriprise Financial is the parent company of the Ameriprise Financial family of companies, including IDS Life Insurance Company, the issuer and distributor of the life insurance policy described in the prospectus. As part of a corporate reorganization, Ameriprise Financial also introduced the RiverSource(SM) brand. The RiverSource brand represents Ameriprise Financial's products. Accordingly, RiverSource replaced "American Express" in the name of the life insurance policy as follows: - --------------------------------------- --------------------------------- Old Policy Name New Policy Name - --------------------------------------- --------------------------------- American Express(R) Single Premium RiverSource(SM) Single Premium Variable Life Variable Life Insurance - --------------------------------------- --------------------------------- On Oct. 1, 2005, the RiverSource brand replaced "American Express" and "AXP" in the name of the American Express(R) Variable Portfolio Funds and certain funds changed their names as indicated in the following table. In addition, the fee tables have been restated to reflect current fees.
Minimum and maximum total operating expenses for the funds (Including management fee, distribution and/or service (12b-1) fees and other expenses). Minimum Maximum Total expenses before fee waivers and/or expense reimbursements 0.55%(1) 2.20%
Total annual operating expenses for each fund (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Cash Management Fund / RiverSource(SM) Variable Portfolio - Cash Management Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Diversified Bond Fund / RiverSource(SM) Variable Portfolio - Diversified Bond Fund 0.60% 0.13% 0.10% 0.83%(1) AXP(R) Variable Portfolio - Diversified Equity Income Fund / RiverSource(SM) Variable Portfolio - Diversified Equity Income Fund 0.64% 0.13% 0.11% 0.88%(1) AXP(R) Variable Portfolio - Equity Select Fund / RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund 0.57% 0.13% 0.15% 0.85%(1),(2) AXP(R) Variable Portfolio - Global Bond Fund / RiverSource(SM) Variable Portfolio - Global Bond Fund 0.83% 0.13% 0.14% 1.10%(1) AXP(R) Variable Portfolio - Growth Fund / RiverSource(SM) Variable Portfolio - Growth Fund 0.55% 0.13% 0.18% 0.86%(1) AXP(R) Variable Portfolio - High Yield Bond Fund / RiverSource(SM) Variable Portfolio - High Yield Bond Fund 0.62% 0.13% 0.09% 0.84%(1) AXP(R) Variable Portfolio - Large Cap Equity Fund / RiverSource(SM) Variable Portfolio - Large Cap Equity Fund 0.65% 0.13% 0.08% 0.86%(1) AXP(R) Variable Portfolio - Managed Fund / RiverSource(SM) Variable Portfolio - Balanced Fund 0.59% 0.13% 0.08% 0.80%(1) AXP(R) Variable Portfolio - New Dimensions Fund(R) / RiverSource(SM) Variable Portfolio - New Dimensions Fund(R) 0.53% 0.13% 0.07% 0.73%(1) AXP(R) Variable Portfolio - Partners Small Cap Value Fund / RiverSource(SM) Variable Portfolio - Small Cap Value Fund 0.94% 0.13% 0.20% 1.27%(1),(2)
-- 19 --
Total annual operating expenses for each fund (continued) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - S&P 500 Index Fund / RiverSource(SM) Variable Portfolio - S&P 500 Index Fund 0.29% 0.13% 0.13% 0.55%(1),(2) AXP(R) Variable Portfolio - Short Duration U.S. Government Fund / RiverSource(SM) Variable Portfolio - Short Duration U.S. Government Fund 0.61% 0.13% 0.10% 0.84%(1) AXP(R) Variable Portfolio - Small Cap Advantage Fund / RiverSource(SM) Variable Portfolio - Small Cap Advantage Fund 0.85% 0.13% 0.14% 1.12%(1) AXP(R) Variable Portfolio - Strategy Aggressive Fund / RiverSource(SM) Variable Portfolio - Strategy Aggressive Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Threadneedle Emerging Markets Fund / RiverSource(SM) Variable Portfolio - Emerging Markets Fund 1.11% 0.13% 0.41% 1.65%(1),(2) AXP(R) Variable Portfolio - Threadneedle International Fund / RiverSource(SM) Variable Portfolio - International Opportunity Fund 0.75% 0.13% 0.12% 1.00%(1) Lazard Retirement International Equity Portfolio 0.75% 0.25% 0.29% 1.29%(3)
(1) The fund's expense figures are based on actual expenses for the fiscal year ended Aug. 31, 2004 adjusted to reflect current fees. (2) RiverSource Investments and its affiliates have contractually agreed to waive certain fees and to absorb certain expenses until Aug. 31, 2006, unless sooner terminated at the discretion of the fund's Board. Any amount waived will not be reimbursed by the fund. Under this agreement, net expenses, before giving effect to any performance incentive adjustment, will not exceed: 1.75% for RiverSource(SM) Variable Portfolio - Emerging Markets Fund, 1.10% for RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund, 1.30% for RiverSource(SM) Variable Portfolio - Small Cap Value Fund and 0.495% for RiverSource(SM) Variable Portfolio - S&P 500 Index Fund. (3) The fund's expense figures are based on actual expenses for the fiscal year ended Dec. 31, 2004 adjusted to reflect current fees. RiverSource also is used for certain subsidiaries of Ameriprise Financial that provide services in connection with the life insurance policy. On Oct. 1, 2005, RiverSource Investments, LLC, a wholly owned subsidiary of Ameriprise Financial, replaced Ameriprise Financial as the investment adviser of the RiverSource Variable Portfolio Funds. The full transition to the RiverSource name will be substantially completed in the fourth quarter 2005, and will be subsequently communicated to policy owners, as appropriate. The separation of the American Express Financial Advisors unit from American Express was completed on Sept. 30, 2005. Ameriprise Financial and its subsidiaries are no longer affiliated with American Express. Ameriprise Financial is now an independent company trading under the ticker symbol AMP with a board of directors and management that are separate from American Express. CHANGE TO "OPTION A -- INTEREST PAYMENTS" "Option A -- Interest Payments" under the "Payment Options" section of "Payment of Policy Proceeds" on page 36 of the prospectus is replaced with the following: Option A -- Interest Payments: We will pay interest on any proceeds placed under this option at a rate of 3% per year compounded annually, at regular intervals and for a period that is agreeable to both you and us. At the end of any payment interval, you may withdraw proceeds in amounts of at least $100. At any time, you may withdraw all of the proceeds that remain or you may place them under a different payment option approved by us. THIS SUPPLEMENT SHOULD BE RETAINED WITH THE CURRENT PROSPECTUS FOR YOUR PRODUCT. -- 20 -- Prospectus and Statement of Additional Information Supplement dated Oct. 3, 2005*
Product Name Prospectus Form # SAI Form # Date American Express(R) Succession Select Variable Life Insurance S-6202 F S-6333 C 4/29/05
On Feb. 1, 2005, American Express Company (American Express) announced plans to pursue a spin off to American Express shareholders of its American Express Financial Advisors unit. On Aug. 1, 2005 several of the companies offering the products and services of the American Express Financial Advisors unit changed their names in anticipation of their separation from American Express. American Express Financial Corporation changed its name to Ameriprise Financial, Inc. (Ameriprise Financial). Ameriprise Financial is the parent company of the Ameriprise Financial family of companies, including IDS Life Insurance Company, the issuer and distributor of the life insurance policy described in the prospectus. As part of a corporate reorganization, Ameriprise Financial also introduced the RiverSource(SM) brand. The RiverSource brand represents Ameriprise Financial's products. Accordingly, RiverSource replaced "American Express" in the name of the life insurance policy as follows: - -------------------------------------------- ----------------------------------- Old Policy Name New Policy Name - -------------------------------------------- ----------------------------------- American Express(R) Succession Select RiverSource(SM) Succession Select Variable Life Insurance Variable Life Insurance - -------------------------------------------- ----------------------------------- On Oct. 1, 2005, the RiverSource brand replaced "American Express" and "AXP" in the name of the American Express(R) Variable Portfolio Funds and certain funds changed their names as indicated in the following table. In addition, the fee tables have been restated to reflect current fees.
Minimum and maximum total operating expenses for the funds (Including management fee, distribution and/or service (12b-1) fees and other expenses). Minimum Maximum Total expenses before fee waivers and/or expense reimbursements 0.55%(1) 1.65%(1)
Total annual operating expenses for each fund (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Cash Management Fund / RiverSource(SM) Variable Portfolio - Cash Management Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Diversified Bond Fund / RiverSource(SM) Variable Portfolio - Diversified Bond Fund 0.60% 0.13% 0.10% 0.83%(1) AXP(R) Variable Portfolio - Diversified Equity Income Fund / RiverSource(SM) Variable Portfolio - Diversified Equity Income Fund 0.64% 0.13% 0.11% 0.88%(1) AXP(R) Variable Portfolio - Equity Select Fund / RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund 0.57% 0.13% 0.15% 0.85%(1),(2) AXP(R) Variable Portfolio - Global Bond Fund / RiverSource(SM) Variable Portfolio - Global Bond Fund 0.83% 0.13% 0.14% 1.10%(1) AXP(R) Variable Portfolio - Growth Fund / RiverSource(SM) Variable Portfolio - Growth Fund 0.55% 0.13% 0.18% 0.86%(1) AXP(R) Variable Portfolio - High Yield Bond Fund / RiverSource(SM) Variable Portfolio - High Yield Bond Fund 0.62% 0.13% 0.09% 0.84%(1) AXP(R) Variable Portfolio - Large Cap Equity Fund / RiverSource(SM) Variable Portfolio - Large Cap Equity Fund 0.65% 0.13% 0.08% 0.86%(1) AXP(R) Variable Portfolio - Managed Fund / RiverSource(SM) Variable Portfolio - Balanced Fund 0.59% 0.13% 0.08% 0.80%(1) AXP(R) Variable Portfolio - New Dimensions Fund(R) / RiverSource(SM) Variable Portfolio - New Dimensions Fund(R) 0.53% 0.13% 0.07% 0.73%(1) AXP(R) Variable Portfolio - Partners Small Cap Value Fund / RiverSource(SM) Variable Portfolio - Small Cap Value Fund 0.94% 0.13% 0.20% 1.27%(1),(2)
-- 21 --
Total annual operating expenses for each fund (continued) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - S&P 500 Index Fund / RiverSource(SM) Variable Portfolio - S&P 500 Index Fund 0.29% 0.13% 0.13% 0.55%(1),(2) AXP(R) Variable Portfolio - Short Duration U.S. Government Fund / RiverSource(SM) Variable Portfolio - Short Duration U.S. Government Fund 0.61% 0.13% 0.10% 0.84%(1) AXP(R) Variable Portfolio - Small Cap Advantage Fund / RiverSource(SM) Variable Portfolio - Small Cap Advantage Fund 0.85% 0.13% 0.14% 1.12%(1) AXP(R) Variable Portfolio - Strategy Aggressive Fund / RiverSource(SM) Variable Portfolio - Strategy Aggressive Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Threadneedle Emerging Markets Fund / RiverSource(SM) Variable Portfolio - Emerging Markets Fund 1.11% 0.13% 0.41% 1.65%(1),(2) AXP(R) Variable Portfolio - Threadneedle International Fund / RiverSource(SM) Variable Portfolio - International Opportunity Fund 0.75% 0.13% 0.12% 1.00%(1) Lazard Retirement International Equity Portfolio 0.75% 0.25% 0.29% 1.29%(3)
(1) The fund's expense figures are based on actual expenses for the fiscal year ended Aug. 31, 2004 adjusted to reflect current fees. (2) RiverSource Investments and its affiliates have contractually agreed to waive certain fees and to absorb certain expenses until Aug. 31, 2006, unless sooner terminated at the discretion of the fund's Board. Any amount waived will not be reimbursed by the fund. Under this agreement, net expenses, before giving effect to any performance incentive adjustment, will not exceed: 1.75% for RiverSource(SM) Variable Portfolio - Emerging Markets Fund, 1.10% for RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund, 1.30% for RiverSource(SM) Variable Portfolio - Small Cap Value Fund and 0.495% for RiverSource(SM) Variable Portfolio - S&P 500 Index Fund. (3) The fund's expense figures are based on actual expenses for the fiscal year ended Dec. 31, 2004 adjusted to reflect current fees. RiverSource also is used for certain subsidiaries of Ameriprise Financial that provide services in connection with the life insurance policy. On Oct. 1, 2005, RiverSource Investments, LLC, a wholly owned subsidiary of Ameriprise Financial, replaced Ameriprise Financial as the investment adviser of the RiverSource Variable Portfolio Funds. The full transition to the RiverSource name will be substantially completed in the fourth quarter 2005, and will be subsequently communicated to policy owners, as appropriate. The separation of the American Express Financial Advisors unit from American Express was completed on Sept. 30, 2005. Ameriprise Financial and its subsidiaries are no longer affiliated with American Express. Ameriprise Financial is now an independent company trading under the ticker symbol AMP with a board of directors and management that are separate from American Express. CHANGE TO "OPTION A -- INTEREST PAYMENTS" "Option A -- Interest Payments" under the "Payment Options" section of "Payment of Policy Proceeds" on page 36 of the prospectus is replaced with the following: Option A -- Interest Payments: We will pay interest on any proceeds placed under this option at a rate of 3% per year compounded annually, at regular intervals and for a period that is agreeable to both you and us. At the end of any payment interval, you may withdraw proceeds in amounts of at least $100. At any time, you may withdraw all of the proceeds that remain or you may place them under a different payment option approved by us. THIS SUPPLEMENT SHOULD BE RETAINED WITH THE CURRENT PROSPECTUS FOR YOUR PRODUCT. -- 22 -- S-6400M A (10-05) Prospectus and Statement of Additional Information Supplement dated Oct. 3, 2005*
Product Name Prospectus Form # SAI Form # Date American Express Retirement Advisor Advantage Plus(R) Variable Annuity / American Express Retirement Advisor Select Plus(R) Variable Annuity S-6273 F S-6325 C 4/29/05
On Feb. 1, 2005, American Express Company (American Express) announced plans to pursue a spin off to American Express shareholders of its American Express Financial Advisors unit. On Aug. 1, 2005 several of the companies offering the products and services of the American Express Financial Advisors unit changed their names in anticipation of their separation from American Express. American Express Financial Corporation changed its name to Ameriprise Financial, Inc. (Ameriprise Financial). Ameriprise Financial is the parent company of the Ameriprise Financial family of companies, including IDS Life Insurance Company, the issuer and distributor of the annuity contract described in the prospectus. As part of a corporate reorganization, Ameriprise Financial also introduced the RiverSource(SM) brand. The RiverSource brand represents Ameriprise Financial's products. Accordingly, RiverSource replaced "American Express" in the name of the annuity contract as follows: - ----------------------------------------- -------------------------------------- Old Annuity Name New Annuity Name - ----------------------------------------- -------------------------------------- American Express Retirement Advisor RiverSource(SM) Retirement Advisor Advantage Plus(R) Variable Annuity / Advantage Plus Variable Annuity / American Express Retirement Advisor RiverSource(SM) Retirement Advisor Select Plus(R) Variable Annuity Select Plus Variable Annuity - ----------------------------------------- -------------------------------------- On Oct. 1, 2005, the RiverSource brand replaced "American Express" and "AXP" in the name of the American Express(R) Variable Portfolio Funds and certain funds changed their names as indicated in the following table. In addition, the fee tables have been restated to reflect current fees.
Minimum and maximum total operating expenses for the funds (Including management fee, distribution and/or service (12b-1) fees and other expenses). Minimum Maximum Total expenses before fee waivers and/or expense reimbursements 0.55%(1) 2.86%(1)
Total annual operating expenses for each fund (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Cash Management Fund / RiverSource(SM) Variable Portfolio - Cash Management Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Core Bond Fund / RiverSource(SM) Variable Portfolio - Core Bond Fund 0.63% 0.13% 0.39% 1.15%(1),(2) AXP(R) Variable Portfolio - Diversified Bond Fund / RiverSource(SM) Variable Portfolio - Diversified Bond Fund 0.60% 0.13% 0.10% 0.83%(1) AXP(R) Variable Portfolio - Diversified Equity Income Fund / RiverSource(SM) Variable Portfolio - Diversified Equity Income Fund 0.64% 0.13% 0.11% 0.88%(1) AXP(R) Variable Portfolio - Equity Select Fund / RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund 0.57% 0.13% 0.15% 0.85%(1),(2) AXP(R) Variable Portfolio - Global Bond Fund / RiverSource(SM) Variable Portfolio - Global Bond Fund 0.83% 0.13% 0.14% 1.10%(1) AXP(R) Variable Portfolio - Global Inflation Protected Securities Fund(3) / RiverSource(SM) Variable Portfolio - Global Inflation Protected Securities Fund 0.49% 0.13% 0.18% 0.80%(1),(2) AXP(R) Variable Portfolio - Growth Fund / RiverSource(SM) Variable Portfolio - Growth Fund 0.55% 0.13% 0.18% 0.86%(1) AXP(R) Variable Portfolio - High Yield Bond Fund / RiverSource(SM) Variable Portfolio - High Yield Bond Fund 0.62% 0.13% 0.09% 0.84%(1)
S-6273-25 A (10/05) * Valid until next prospectus update.
Total annual operating expenses for each fund (continued) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets) Management Distribution Other Fund (Old Name / New Name) fees (12b-1) fees expenses Total AXP(R) Variable Portfolio - Income Opportunities Fund / RiverSource(SM) Variable Portfolio - Income Opportunities Fund 0.64% 0.13% 0.80% 1.57%(1),(2) AXP(R) Variable Portfolio - Large Cap Equity Fund / RiverSource(SM) Variable Portfolio - Large Cap Equity Fund 0.65% 0.13% 0.08% 0.86%(1) AXP(R) Variable Portfolio - Large Cap Value Fund / RiverSource(SM) Variable Portfolio - Large Cap Value Fund 0.63% 0.13% 2.10% 2.86%(1),(2) AXP(R) Variable Portfolio - Managed Fund / RiverSource(SM) Variable Portfolio - Balanced Fund 0.59% 0.13% 0.08% 0.80%(1) AXP(R) Variable Portfolio - New Dimensions Fund(R) / RiverSource(SM) Variable Portfolio - New Dimensions Fund(R) 0.53% 0.13% 0.07% 0.73%(1) AXP(R) Variable Portfolio - Partners Select Value Fund / RiverSource(SM) Variable Portfolio - Select Value Fund 0.81% 0.13% 1.03% 1.97%(1),(2) AXP(R) Variable Portfolio - Partners Small Cap Value Fund / RiverSource(SM) Variable Portfolio - Small Cap Value Fund 0.94% 0.13% 0.20% 1.27%(1),(2) AXP(R) Variable Portfolio - S&P 500 Index Fund / RiverSource(SM) Variable Portfolio - S&P 500 Index Fund 0.29% 0.13% 0.13% 0.55%(1),(2) AXP(R) Variable Portfolio - Short Duration U.S. Government Fund / RiverSource(SM) Variable Portfolio - Short Duration U.S. Government Fund 0.61% 0.13% 0.10% 0.84%(1) AXP(R) Variable Portfolio - Small Cap Advantage Fund / RiverSource(SM) Variable Portfolio - Small Cap Advantage Fund 0.85% 0.13% 0.14% 1.12%(1) AXP(R) Variable Portfolio - Strategy Aggressive Fund / RiverSource(SM) Variable Portfolio - Strategy Aggressive Fund 0.51% 0.13% 0.08% 0.72%(1) AXP(R) Variable Portfolio - Threadneedle Emerging Markets Fund / RiverSource(SM) Variable Portfolio - Emerging Markets Fund 1.11% 0.13% 0.41% 1.65%(1),(2) AXP(R) Variable Portfolio - Threadneedle International Fund / RiverSource(SM) Variable Portfolio - International Opportunity Fund 0.75% 0.13% 0.12% 1.00%(1) Lazard Retirement International Equity Portfolio 0.75% 0.25% 0.29% 1.29%(4)
(1) The fund's expense figures are based on actual expenses for the fiscal year ended Aug. 31, 2004 adjusted to reflect current fees. (2) RiverSource Investments and its affiliates have contractually agreed to waive certain fees and to absorb certain expenses until Aug. 31, 2006, unless sooner terminated at the discretion of the fund's Board. Any amount waived will not be reimbursed by the fund. Under this agreement, net expenses, before giving effect to any performance incentive adjustment, will not exceed: 0.95% for RiverSource(SM) Variable Portfolio - Core Bond Fund, 1.75% for RiverSource(SM) Variable Portfolio - Emerging Markets Fund, 0.75% for RiverSource(SM) Variable Portfolio - Global Inflation Protected Securities Fund, 0.99% for RiverSource(SM) Variable Portfolio - Income Opportunities Fund, 1.05% for RiverSource(SM) Variable Portfolio - Large Cap Value Fund, 1.10% for RiverSource(SM) Variable Portfolio - Mid Cap Growth Fund, 1.15% for RiverSource(SM) Variable Portfolio - Select Value Fund, 1.30% for RiverSource(SM) Variable Portfolio - Small Cap Value Fund and 0.495% for RiverSource(SM) Variable Portfolio - S&P 500 Index Fund. (3) AXP(R) Variable Portfolio - Inflation Protected Securities Fund changed to AXP(R) Variable Portfolio - Global Inflation Protected Securities Fund on Sept. 12, 2005. (4) The fund's expense figures are based on actual expenses for the fiscal year ended Dec. 31, 2004 adjusted to reflect current fees. RiverSource also is used for certain subsidiaries of Ameriprise Financial that provide services in connection with the annuity contract. On Oct. 1, 2005, RiverSource Investments, LLC, a wholly owned subsidiary of Ameriprise Financial, replaced Ameriprise Financial as the investment adviser of the RiverSource Variable Portfolio Funds. The full transition to the RiverSource name will be substantially completed in the fourth quarter 2005, and will be subsequently communicated to contract owners, as appropriate. The separation of the American Express Financial Advisors unit from American Express was completed on Sept. 30, 2005. Ameriprise Financial and its subsidiaries are no longer affiliated with American Express. Ameriprise Financial is now an independent company trading under the ticker symbol AMP with a board of directors and management that are separate from American Express. THIS SUPPLEMENT SHOULD BE RETAINED WITH THE CURRENT PROSPECTUS FOR YOUR PRODUCT. PART C. Item 24. Financial Statements and Exhibits (a) Financial Statements filed as Item 24a in Post-Effective Amendment No. 32 to Registration Statement No. 333-79311 filed on or about April 27, 2005, are incorporated by reference. (b) Exhibits: 1.1 Resolution of the Board of Directors of IDS Life Insurance Company establishing the IDS Life Variable Account 10 dated August 23, 1995, filed electronically as Exhibit 1 to Registrant's Initial Registration Statement No. 33-62407 is incorporated herein by reference. 1.2 Resolution of the Board of Directors of IDS Life Insurance Company establishing 105 additional subaccounts within the separate account, filed electronically as Exhibit 1.2 to Pre-Effective Amendment No. 1 to Registration Statement No. 333-79311 filed on or about Aug. 10, 1999, is incorporated herein by reference. 1.3 Resolution of the Board of Directors of IDS life Insurance Company establishing 25 additional subaccounts within the separate account, filed electronically as Exhibit 1.3 to Registrant's Post-Effective Amendment No. 2 to Registration Statement No. 333-79311, is incorporated herein by reference. 1.4 Resolution of the Board of Directors of IDS Life Insurance Company establishing 12 additional subaccounts within the separate account, filed electronically as Exhibit 1.3 to Registrant's Post-Effective Amendment No. 3 to Registration Statement No. 333-79311, is incorporated herein by reference. 1.5 Resolution of the Board of Directors of IDS Life Insurance Company establishing 69 additional subaccounts within the separate account, filed electronically as Exhibit 1.5 to Registrant's Post-Effective Amendment No. 6 to Registration Statement No. 333-79311, is incorporated herein by reference. 1.6 Resolution of the Board of Directors of IDS Life Insurance Company establishing 112 additional subaccounts within the separate account, dated Feb. 11, 2002, filed electronically as Exhibit 1.6 to Registrant's Post-Effective Amendment No. 8 to Registration Statement No. 333-79311, is incorporated herein by reference. 1.7 Resolution of the Board of Directors of IDS Life Insurance Company establishing 3 additional subaccounts within the separate account, dated Feb. 28, 2002, filed electronically as Exhibit 1.7 to Registrant's Post-Effective Amendment No. 10 to Registration Statement No. 333-79311, is incorporated herein by reference. 1.8 Resolution of the Board of Directors of IDS Life Insurance Company establishing 8 additional subaccounts within the separate account, dated January 6, 2004, filed electronically as Exhibit 1.8 to Registrant's Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 1.9 Resolution of the Board of Directors of IDS Life Insurance Company establishing 6 additional subaccounts within the separate account, dated August 12, 2004 filed electronically as Exhibit 1.9 to Post-Effective Amendment No. 32 to Registration Statement No. 333-79311 filed on or about April 27, 2005. 1.10 Resolution of the Board of Directors of IDS Life Insurance Company establishing an additional subaccount within the separate account, dated April 27, 2005 filed electronically as Exhibit 1.10 to Post-Effective Amendment No. 32 to Registration Statement No. 333-79311 filed on or about April 27, 2005. 2. Not applicable. 3. Not applicable. 4.1 Form of Deferred Annuity Contract for non-qualified contracts (form 31043) filed electronically as Exhibit 4.1 to Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by reference. 4.2 Form of Deferred Annuity Contract for tax qualified contracts (form 31044) filed electronically as Exhibit 4.2 to Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by reference. 4.3 Form of Deferred Annuity Contract for IRA contracts (form 31045-IRA) filed electronically as Exhibit 4.3 to Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by reference. 4.4 Form of Deferred Annuity Contract for non-qualified contracts (form 31046) filed electronically as Exhibit 4.4 to Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by reference. 4.5 Form of Deferred Annuity Contract for tax qualified contracts (form 31047) filed electronically as Exhibit 4.5 to Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by reference. 4.6 Form of Deferred Annuity Contract for IRA contracts (form 31048-IRA) filed electronically as Exhibit 4.6 to Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by reference. 4.7 Form of TSA Endorsement (form 31049), filed electronically as Exhibit 4.7 to Pre-Effective Amendment No. 1 to Registration Statement No. 333-79311 filed on or about Aug. 10, 1999 is incorporated herein by reference. 4.8 Form of Maximum Anniversary Value Death Benefit Rider, filed electronically as Exhibit 4.8 to Post-Effective Amendment No. 4 to Registration Statement No. 333-79311, is incorporated herein by reference. 4.9 Form of Enhanced Earnings Death Benefit Rider, filed electronically as Exhibit 4.9 to Post-Effective Amendment No. 4 to Registration Statement No. 333-79311, is incorporated herein by reference. 4.10 Form of Enhanced Earnings Plus Death Benefit Rider, filed electronically as Exhibit 4.10 to Post-Effective Amendment No. 4 to Registration Statement No. 333-79311, is incorporated herein by reference. 4.11 Form of Traditional IRA or SEP-IRA Annuity Endorsement (form 131061) filed electronically as Exhibit 4.11 to Post-Effective Amendment No. 14 to Registration Statement No. 333-79311, is incorporated herein by reference. 4.12 Form of Roth IRA Annuity Endorsement (form 131062) filed electronically as Exhibit 4.12 to Post-Effective Amendment No. 14 to Registration Statement No. 333-79311, is incorporated herein by reference. 4.13 Form of SIMPLE IRA Annuity Endorsement (form 131063) filed electronically as Exhibit 4.13 to Post-Effective Amendment No. 14 to Registration Statement No. 333-79311, is incorporated herein by reference. 4.14 Form of Deferred Annuity Contract for non-qualified contracts (form 131041) filed electronically as Exhibit 4.14 to Post-Effective Amendment No. 14 to Registration Statement No. 333-79311, is incorporated herein by reference. 4.15 Form of Deferred Annuity Contract for Retirement Advisor Advantage Plus (form 1043 A) filed electronically as Exhibit 4.15 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.16 Form of Deferred Annuity Contract for Retirement Advisor Select Plus (form 131041 A) filed electronically as Exhibit 4.16 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.17 Form of TSA Endorsement (form 131068), filed electronically as Exhibit 4.17 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.18 Form of Return of Purchase Payments Rider (form 131072), filed electronically as Exhibit 4.18 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.19 Form of Maximum Anniversary Value Death Benefit Rider (form 131031), filed electronically as Exhibit 4.19 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.20 Form of 5-Year Maximum Anniversary Value Death Benefit Rider (form 131071), filed electronically as Exhibit 4.20 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.21 Form of Enhanced Earnings Death Benefit Rider (form 131032 A), filed electronically as Exhibit 4.21 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.22 Form of Enhanced Earnings Plus Death Benefit Rider (form 131033 A), filed electronically as Exhibit 4.22 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.23 Form of 401 (a) Annuity Endorsement (form 131069), filed electronically as Exhibit 4.23 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.24 Form of Guarantee Period Accounts Rider filed electronically as Exhibit 4.24 to Post-Effective Amendment No. 25 to Registration Statement No. 333-79311, filed on or about June 2, 2004, is incorporated by reference. 4.25 Form of Guaranteed Minimum Withdrawal Benefit Rider (form 131034) filed electronically as Exhibit 4.25 to Post-Effective Amendment No. 29 to Registration Statement No. 333-79311, filed on or about Oct. 21, 2004, is incorporated by reference. 4.26 Form of Guaranteed Minimum Accumulation Benefit Rider (GMAB) will be filed by amendment. 4.27 Form of Portfolio Navigator Model Portfolio Rider will be filed by amendment. 5. Form of Variable Annuity Application (form 31063), filed electronically as Exhibit 5 to Pre-Effective Amendment No. 1 to Registration Statement No. 333-79311 filed on or about Aug. 10, 1999 is incorporated herein by reference. 6.1 Certificate of Incorporation of IDS Life dated July 24, 1957, filed electronically as Exhibit 6.1 to Registrant's Initial Registration Statement No. 33-62407 is incorporated herein by reference. 6.2 Amended By-Laws of IDS Life filed electronically as Exhibit 6.2 to Registrant's Initial Registration Statement No. 33-62407 is incorporated herein by reference. 6.3 Copy of Amended and Restated By-Laws of IDS Life Insurance Company, filed electronically as Exhibit 6.2 to Post-Effective Amendment No. 13 to Registration Statement No. 33-47302, is incorporated herein by reference. 7. Not applicable. 8.1(a) Copy of Participation Agreement between IDS Life Insurance Company and AIM Variable Insurance Funds, Inc. and AIM Distributors, Inc., dated March 4,1996, filed electronically as Exhibit 8.4 to Post-Effective Amendment No. 2 to Registration Statement No. 33-62407 is incorporated herein by reference. 8.1(b) Copy of Participation Agreement By and Among AIM Variable Insurance Funds, Inc., A I M Distributors, Inc., and IDS Life Insurance Company, on Behalf of Itself and Its Separate Accounts, dated Oct. 7, 1996, filed electronically as Exhibit 8.1(b) to Post-Effective Amendment No. 3 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.2 Copy of Participation Agreement by and among IDS Life Insurance Company, American Express Financial Advisors Inc., Alliance Capital Management L.P. and Alliance Fund Distributors dated March 1, 2000 filed electronically as Exhibit 8.2 to Post-Effective Amendment No. 14 to Registration Statement No. 333-79311, is incorporated herein by reference. 8.3 Copy of Participation Agreement By and Among Calvert Variable Series, Inc. and Calvert Asset Management Co. and Calvert Distributors Inc. and IDS Life Insurance Company, dated April 14, 2000, filed as Exhibit 8.7 to Post-Effective Amendment No. 3 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.4 Copy of Participation Agreement between IDS Life Insurance Company and Warburg Pincus Trust and Warburg Pincus Counselors, Inc. and Counselors Securities Inc., dated March 1, 1996, filed electronically as Exhibit 8.3 to Post-Effective Amendment No. 2 to Registration statement No. 33-62407 is incorporated herein by reference. 8.5 Copy of Participation Agreement by and between Evergreen Variable Annuity Trust and IDS Life Insurance Company, dated August 13, 2001 filed electronically as Exhibit 8.5(a) to Post-Effective Amendment No. 10 to Registration Statement No. 333-79311, is incorporated herein by reference. 8.6 Copy of Participation Agreement among Variable Insurance Products Fund, Fidelity Distributors Corporation and IDS Life Insurance Company, dated Sept. 1, 1999, filed electronically as Exhibit 8.8(a) to Post-Effective Amendment No. 3 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.7 Copy of Participation Agreement between IDS Life Insurance Company and Templeton Variable Products Series Fund and Franklin Templeton Distributors, Inc. dated March 1, 1996, filed electronically as Exhibit 8.2 to Post-Effective Amendment No. 2 to Registration Statement No. 33-62407 is incorporated herein by reference. 8.8 Copy of Participation Agreement By and Between Goldman Sachs Variable Insurance Trust, Goldman, Sachs & Co. and IDS Life Insurance Company, dated September 1, 1999, filed electronically as Exhibit 8.3 to Post-Effective Amendment No. 3 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.9 Copy of Participation Agreement between IDS Life Insurance Company and INVESCO Variable Investment Funds, Inc, and INVESCO Distributors, Inc., dated August 13, 2001 filed electronically as Exhibit 8.9 to Post-Effective Amendment No. 10 to Registration Statement No. 333-79311, is incorporated herein by reference. 8.10 Copy of Participation Agreement Between Janus Aspen Series and IDS Life Insurance Company, dated April 21, 2000, filed electronically as Exhibit 8.10 to Post-Effective Amendment No. 3 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.11 Copy of Participation Agreement by and among IDS Life Insurance Company, Lazard Asset Management and Lazard Retirement Series, Inc., dated September 1, 1999, filed as Exhibit 8.11 to Post-Effective Amendment No. 3 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.12 Copy of Participation Agreement Among MFS Variable Insurance Trust, IDS Life Insurance Company and Massachusetts Financial Services Company, dated March 1, 2000, filed as Exhibit 8.12 to Post-Effective Amendment No. 3 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.13 Copy of Participation Agreement among Pioneer Variable Contracts Trust, IDS Life Insurance Company, Pioneer Investment Management, Inc. and Pioneer Funds Distributor, Inc. dated August 13, 2001 filed electronically as Exhibit 8.13(a) to Post-Effective Amendment No. 10 to Registration Statement No. 333-79311, is incorporated herein by reference. 8.14 Copy of Participation Agreement by and among IDS Life Insurance Company and Putnam Capital Manager Trust and Putnam Mutual Funds Corp., dated March 1, 1996, filed electronically as Exhibit 8.1 to Post-Effective Amendment No. 2 to Registration Statement No. 33-62407 is incorporated herein by reference. 8.15 Copy of Participation Agreement by and among Royce Capital Fund and Royce & Associates, Inc. and IDS Life Insurance Company, dated September 1, 1999, filed as Exhibit 8.5 to Post-Effective Amendment No. 3 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.16 Copy of Participation Agreement by and among IDS Life Insurance Company and Strong Opportunity Fund II, Inc. and Strong Investor Services, Inc. and Strong Investments, Inc. dated August 13, 2001 filed electronically as Exhibit 8.16 to Post-Effective Amendment No. 10 to Registration Statement No. 333-79311, is incorporated herein by reference. 8.17 Copy of Participation Agreement between IDS Life Insurance Company and TCI Portfolios, Inc., dated April 24, 1996, filed electronically as Exhibit 8.5 to Post-Effective Amendment No. 2 to Registration Statement No. 33-62407 is incorporated herein by reference. 8.18 Copy of Participation Agreement by and among Wanger Advisors Trust and Liberty Wanger Asset Management, L.P. and IDS Life Insurance Company dated August 30, 1999 filed electronically as Exhibit 8.17 to Post-Effective Amendment No. 10 to Registration Statement No. 333-79311, is incorporated herein by reference. 8.19 Copy of Participation Agreement by and among Wells Fargo Variable Trust and IDS Life Insurance Company and Stephens Inc. dated May 1, 2000 filed electronically as Exhibit 8.18(a) to Post-Effective Amendment No. 10 to Registration Statement No. 333-79311, is incorporated herein by reference. 8.20 Copy of Participation Agreement by and among Liberty Variable Investment Trust, Columbia Funds Distributor, Inc. and IDS Life Insurance Company, dated Feb. 2, 2004 filed electronically as Exhibit 8.20 to Post-Effective Amendment No. 24 to Registration Statement No. 333-79311, is incorporated by reference. 8.21 Copy of Participation Agreement by and among Oppenheimer Variable Account Funds, Oppenheimer Funds, Inc. and IDS Life Insurance Company, dated Jan. 12, 2004 filed electronically as Exhibit 8.21 to Post-Effective Amendment No. 24 to Registration Statement No. 333-79311, is incorporated by reference. 9. Opinion of counsel and consent to its use as the legality of the securities being registered is filed electronically herewith. 10. Consents of Independent Registered Public Accounting Firm are filed electronically herewith. 11. None. 12. Not applicable. 13.1 Power of Attorney to sign Amendment to this Registration Statement, dated April 13, 2005 filed electronically as Exhibit 13.1 to Post-Effective Amendment No. 32 to Registration Statement No. 333-79311 filed on or about April 27, 2005 is incorporated by reference. 13.2 Power of Attorney to sign Amendment to this Registration Statement, dated July 7, 2004 filed electronically as Exhibit 15.2 to Post-Effective Amendment No. 27 to Registration Statement No. 333-79311, is incorporated by reference. 14. Not applicable. Item 25.
Item 25. Directors and Officers of the Depositor (IDS Life Insurance Company) -------------------------------------------------------------------- Name Principal Business Address* Position and Offices with Depositor - ------------------------------------------------------ ---------------------------------------- Neysa M. Alecu Money Laundering Prevention Officer Gumer C. Alvero Director and Executive Vice President - Annuities Timothy V. Bechtold Director and President Arthur H. Berman Director Walter S. Berman Vice President and Treasurer Lorraine R. Hart Vice President - Investments Paul R. Johnston Assistant General Counsel and Secretary Michelle M. Keeley Vice President - Investments Eric L. Marhoun General Counsel Jeryl Millner Executive Vice President - Finance Thomas W. Murphy Vice President - Investments B. Roger Natarajan Director, Vice President and Chief Actuary Benji Orr Deputy Money Laundering Prevention Officer Scott R. Plummer 38a-1 Chief Compliance Officer Julie A. Ruether Chief Compliance Officer and Assistant Secretary Mark E. Schwarzmann Director, Chairman of the Board and Chief Executive Officer Heather M. Somers Assistant General Counsel Bridget M. Sperl Executive Vice President - Client Service David K. Stewart Vice President and Controller * Unless otherwise noted, the business address is 70100 Amerprise Financial Center, Minneapolis, MN 55474.
Item 26. Persons Controlled by or Under Common Control with the Depositor or Registrant The following list includes the names of major subsidiaries of American Express Company.
Jurisdiction of Name of Subsidiary Incorporation I. Travel Related Services American Express Travel Related Services Company, Inc. New York II. International Banking Services American Express Bank Ltd. Connecticut III. Companies engaged in Financial Services Advisory Capital Income Delaware Advisory Capital Partners LLC Delaware Advisory Capital Strategies Group Inc. Minnesota Advisory Convertible Arbitage, LLC Delaware Advisory European (General Partner) LLC George Town Advisory Select LLC Delaware AEXP Affordable Housing LLC Delaware American Centurion Life Assurance Company New York American Enterprise Investment Services Inc. Minnesota American Enterprise Life Insurance Company Indiana American Enterprise REO 1, LLC Minnesota American Express Asset Management (Australia) NSW Australia American Express Asset Management Company S.A. Luxembourg American Express Asset Management International Inc. Delaware American Express Asset Management International (Japan) Ltd. Japan American Express Asset Management Ltd. England American Express Financial Advisors Inc. Delaware American Express Financial Advisors Japan Inc. Delaware American Express Insurance Agency of Alabama Inc. Alabama American Express Insurance Agency of Arizona Inc. Arizona American Express Insurance Agency of Idaho Inc. Idaho American Express Insurance Agency of Maryland Inc. Maryland American Express Insurance Agency of Massachusetts Inc. Massachusetts American Express Insurance Agency of Nevada Inc. Nevada American Express Insurance Agency of New Mexico Inc. New Mexico American Express Insurance Agency of Oklahoma Inc. Oklahoma American Express Insurance Agency of Texas Inc. Texas American Express Insurance Agency of Wyoming Inc. Wyoming American Express International Deposit Corporation Cayman Island American Express Property Casualty Insurance Agency of Kentucky Inc. Kentucky American Express Property Casualty Insurance Agency of Maryland Inc. Maryland American Express Property Casualty Insurance Agency of Mississippi Inc. Mississippi American Express Property Casualty Insurance Agency of Pennsylvania Inc. Pennsylvania American Express Property Casualty Insurance Agency Wisconsin American Partners Life Insurance Company Arizona Ameriprise Certificate Company Delaware Ameriprise Financial Inc. Delaware Ameriprise Financial Services Inc. Delaware Ameriprise Trust Company Minnesota AMEX Assurance Company Illinois Boston Equity General Partner LLC Delaware IDS Cable Corporation Minnesota IDS Cable II Corporation Minnesota IDS Capital Holdings Inc. Minnesota IDS Futures Brokerage Group Minnesota IDS Futures Corporation Minnesota IDS Insurance Agency of Utah, Inc. Utah IDS Life Insurance Company Minnesota IDS REO1, LLC Minnesota IDS REO2, LLC Minnesota IDS Life Insurance Company of New York New York IDS Management Corporation Minnesota IDS Partnership Services Corporation Minnesota IDS Property Casualty Insurance Company Wisconsin IDS Realty Corporation Minnesota Investors Syndicate Development Corporation - NV Nevada Kenwood Capital Management LLC Delaware Realty Assets, Inc. Nebraska RiverSource Investments, LLC Minnesota RiverSource Services, Inc. Minnesota RiverSource Tax Advantage Investments Inc. Delaware Securities America Financial Corporation Nebraska Securities America Inc. Delaware Securities America Advisors, Inc. Nebraska Threadneedle International Limited England and Wales
Item 27. Number of Contract owners As of March 31, 2005, there were 175,586 non-qualified contract owners and 261,642 qualified contract owners in the IDS Life Variable Account 10. Item 28. Indemnification The amended and restated By-Laws of the depositor provide that the depositor will indemnify, to the fullest extent now or hereafter provided for or permitted by law, each person involved in, or made or threatened to be made a party to, any action, suit, claim or proceeding, whether civil or criminal, including any investigative, administrative, legislative, or other proceeding, and including any action by or in the right of the depositor or any other corporation, or any partnership, joint venture, trust, employee benefit plan, or other enterprise (any such entity, other than the depositor, being hereinafter referred to as an "Enterprise"), and including appeals therein (any such action or process being hereinafter referred to as a "Proceeding"), by reason of the fact that such person, such person's testator or intestate (i) is or was a director or officer of the depositor, or (ii) is or was serving, at the request of the depositor, as a director, officer, or in any other capacity, or any other Enterprise, against any and all judgments, amounts paid in settlement, and expenses, including attorney's fees, actually and reasonably incurred as a result of or in connection with any Proceeding, except as provided below. No indemnification will be made to or on behalf of any such person if a judgment or other final adjudication adverse to such person establishes that such person's acts were committed in bad faith or were the result of active and deliberate dishonesty and were material to the cause of action so adjudicated, or that such person personally gained in fact a financial profit or other advantage to which such person was not legally entitled. In addition, no indemnification will be made with respect to any Proceeding initiated by any such person against the depositor, or a director or officer of the depositor, other than to enforce the terms of this indemnification provision, unless such Proceeding was authorized by the Board of Directors of the depositor. Further, no indemnification will be made with respect to any settlement or compromise of any Proceeding unless and until the depositor has consented to such settlement or compromise. The depositor may, from time to time, with the approval of the Board of Directors, and to the extent authorized, grant rights to indemnification, and to the advancement of expenses, to any employee or agent of the depositor or to any person serving at the request of the depositor as a director or officer, or in any other capacity, of any other Enterprise, to the fullest extent of the provisions with respect to the indemnification and advancement of expenses of directors and officers of the depositor. Insofar as indemnification for liability arising under the Securities Act of 1933 (the "Act") may be permitted to directors, officers and controlling persons of the depositor or the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. Item 29. Principal Underwriters Item 29 Principal Underwriter (IDS Life Insurance Company) (a) IDS Life is the principal underwriter, depositor or sponsor for IDS Life Variable Annuity Fund A, IDS Life Variable Annuity Fund B, IDS Life Account MGA, IDS Life Account SBS, IDS Life Accounts F, G, H, IZ, JZ, KZ, LZ, MZ, N, PZ, QZ, RZ, SZ and TZ, IDS Life Variable Account 10, IDS Life Variable Life Separate Account and IDS Life Variable Account for Smith Barney. (b) As to each director, officer, or partner of the principal underwriter: Name and Principal Business Address* Position and Offices with Underwriter ------------------------------------ ------------------------------------- Neysa M. Alecu Money Laundering Prevention Officer Gumer C. Alvero Director and Executive Vice President - Annuities Timothy V. Bechtold Director and President Arthur H. Berman Director Walter S. Berman Vice President and Treasurer Lorraine R. Hart Vice President - Investments Paul R. Johnston Assistant General Counsel and Secretary Michelle M. Keeley Vice President - Investments Eric L. Marhoun General Counsel Jeryl A. Millner Executive Vice President - Finance Thomas W. Murphy Vice President - Investments B. Roger Natarajan Director, Vice President and Chief Actuary Benji Orr Deputy Money Laundering Prevention Officer Scott R. Plummer 38a-1 Chief Compliance Officer Julie A. Ruether Chief Compliance Officer and Assistant Secretary Mark E. Schwarzmann Director, Chairman of the Board and Chief Executive Officer Heather M. Somers Assistant General Counsel Bridget M. Sperl Executive Vice President - Client Service David K. Stewart Vice President and Controller * Unless otherwise noted, the business address is 70100 Ameriprise Financial Center, Minneapolis, MN 55474. (c) Name of Net Underwriting Principal Discounts and Compensation on Brokerage Underwriter Commissions Redemption Commissions Compensation ----------- ----------- ---------- ----------- ------------ IDS Life Insurance $57,026,951 None None None Company
Item 30. Location of Accounts and Records IDS Life Insurance Company 70100 Ameriprise Financial Center Minneapolis, MN 55474 Item 31. Management Services Not applicable. Item 32. Undertakings (a) Registrant undertakes to file a post-effective amendment to this registration statement as frequently as is necessary to ensure that the audited financial statements in the registration statement are never more than 16 months old for so long as payments under the variable annuity contracts may be accepted. (b) Registrant undertakes to include either (1) as part of any application to purchase a contract offered by the prospectus, a space that an applicant can check to request a Statement of Additional Information, or (2) a post card or similar written communication affixed to or included in the prospectus that the applicant can remove to send for a Statement of Additional Information. (c) Registrant undertakes to deliver any Statement of Additional Information and any financial statements required to be made available under this Form promptly upon written or oral request. (d) Registrant represents that it is relying upon the no-action assurance given to the American Council of Life Insurance (pub. avail. Nov. 28, 1988). Further, Registrant represents that it has complied with the provisions of paragraphs (1)-(4) of that no-action letter. (e) The sponsoring insurance company represents that the fees and charges deducted under the contract, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the insurance company. SIGNATURES As required by the Securities Act of 1933 and the Investment Company Act of 1940, IDS Life Insurance Company, on behalf of the Registrant, certifies that it meets all of the requirements for effectiveness of this Amendment to its Registration Statement pursuant to Rule 485(b) under Securities Act of 1933 and has caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Minneapolis, and State of Minnesota, on the 30th day of September, 2005. IDS LIFE VARIABLE ANNUITY ACCOUNT 10 ------------------------------------ (Registrant) By IDS Life Insurance Company ------------------------------------ (Sponsor) By /s/ Timothy V. Bechtold* ---------------------------------- Timothy V. Bechtold President As required by the Securities Act of 1933, Amendment to this Registration Statement has been signed by the following persons in the capacities indicated on the 30th day of September, 2005. /s/ Gumer C. Alvero* Director and Executive Vice - ------------------------------------ President - Annuities Gumer C. Alvero /s/ Timothy V. Bechtold* Director and President - ------------------------------------ Timothy V. Bechtold /s/ Arthur H. Berman* Director and Executive Vice - ------------------------------------ President - Finance Arthur H. Berman (Principal Financial Officer) /s/ B. Roger Natarajan* Director - ------------------------------------ B. Roger Natarajan /s/ Mark E. Schwarzmann* Chairman of the Board and - ------------------------------------ Chief Executive Officer Mark E. Schwarzmann (Chief Executive Officer) /s/ Bridget M. Sperl* Executive Vice President - - ------------------------------------ Client Services Bridget M. Sperl /s/ David K. Stewart** Vice President and Controller - ------------------------------------ (Principal Accounting Officer) David K. Stewart * Signed pursuant to Power of Attorney dated April 13, 2005 filed electronically as Exhibit 13.1, to Registrant's Post-Effective Amendment No. 32 to Registration Statement No. 333-79311, is incorporated by reference, by: ** Signed pursuant to Power of Attorney, dated July 7, 2004 filed electronically as Exhibit 15.2 to Registrant's Post-Effective Amendment No. 27 to Registration Statement No. 333-79311, is incorporated by reference, by: /s/ Mary Ellyn Minenko - ---------------------- Mary Ellyn Minenko Counsel CONTENTS OF POST-EFFECTIVE AMENDMENT NO. 34 TO REGISTRATION STATEMENT This Post-Effective Amendment is comprised of the following papers and documents: The Cover Page. Part A. The Prospectuses for: American Express Retirement Advisor Variable Annuity(R), American Express Retirement Advisor Variable Annuity(R) - Band 3, American Express Retirement Advisor Advantage(R) Variable Annuity/American Express Retirement Advisor Select Variable Annuity(R), American Express Retirement Advisor Advantage(R) Variable Annuity - Band 3 and American Express Retirement Advisor Advantage Plus(R) Variable Annuity/American Express Retirement Advisor Select Plus Variable Annuity(R) filed electronically as Part A to Post-Effective Amendment No. 32 to Registration Statement No. 333-79311, filed on or about April 27, 2005, are incorporated by reference. The Supplements for: American Express Retirement Advisor Variable Annuity(R), American Express Retirement Advisor Variable Annuity(R) - Band 3, American Express Retirement Advisor Advantage(R) Variable Annuity/American Express Retirement Advisor Select Variable Annuity(R), American Express Retirement Advisor Advantage(R) Variable Annuity - Band 3 and American Express Retirement Advisor Advantage Plus(R) Variable Annuity/American Express Retirement Advisor Select Plus Variable Annuity(R) Part B. Combined Statement of Additional Information and Financial Statements filed electronically as Part B to Post-Effective Amendment No. 32 to Registration Statement No. 333-79311, filed on or about April 27, 2005, is incorporated by reference. Part C. Other Information. The signatures. EX-99 2 exindex.txt EXHIBIT INDEX EXHIBIT INDEX 9. Opinion of counsel and consent to its use as the legality of the securities being registered. 10. Consents of Independent Registered Public Accounting Firm. EX-99.9 OPIN COUNSEL 3 rava-opincoun.txt OPINION OF COUNSEL AND CONSENT September 30, 2005 IDS Life Insurance Company 70100 Ameriprise Financial Center Minneapolis, MN 55474 Re: IDS Life Variable Account 10 American Express Retirement Advisor Variable Annuity(R) American Express Retirement Advisor Variable Annuity(R) - Band 3 American Express Retirement Advisor Advantage(R) Variable Annuity American Express Retirement Advisor Select Variable Annuity(R) American Express Retirement Advisor Advantage Variable Annuity(R) - Band 3 American Express Retirement Advisor Advantage Plus(R) Variable Annuity/ American Express Retirement Advisor Select Plus Variable Annuity(R) File No. 333-79311/811-07355 Ladies and Gentlemen: I am familiar with the establishment of the IDS Life of Variable Account 10 ("Account"), which is a separate account of IDS Life Insurance Company ("Company") established by the Company's Board of Directors according to applicable insurance law. I also am familiar with the above-referenced Registration Statement filed by the Company on behalf of the Account with the Securities and Exchange Commission. I have made such examination of law and examined such documents and records as in my judgment are necessary and appropriate to enable me to give the following opinion: 1. The Company is duly incorporated, validly existing and in good standing under applicable state law and is duly licensed or qualified to do business in each jurisdiction where it transacts business. The Company has all corporate powers required to carry on its business and to issue the contracts. 2. The Account is a validly created and existing separate account of the Company and is duly authorized to issue the securities registered. 3. The contracts issued by the Company, when offered and sold in accordance with the prospectuses contained in the Registration Statement and in compliance with applicable law, will be legally issued and represent binding obligations of the Company in accordance with their terms. I hereby consent to the filing of this opinion as an exhibit to the Registration Statement. Sincerely, /s/ Mary Ellyn Minenko ------------------ Mary Ellyn Minenko Counsel EX-99.10.1 AUD CON 4 ex10-1.txt CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Consent of Independent Registered Public Accounting Firm We consent to the reference to our firm under the caption "Independent Registered Public Accounting Firm" in the Statement of Additional Information and to the use of our report dated February 18, 2005 with respect to the consolidated financial statements of IDS Life Insurance Company and to the use of our report dated March 31, 2005 with respect to the financial statements of IDS Life Variable Account 10 included in Post-Effective Amendment No. 34 to the Registration Statement (Form N-4, No. 333-79311) for the registration of the American Express Retirement Advisor Variable Annuity(R) offered by IDS Life Insurance Company. /s/ Ernst & Young LLP --------------------- Ernst & Young LLP Minneapolis, Minnesota September 29, 2005 EX-99.10.2 AUD CON 5 ex10-2.txt CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Consent of Independent Registered Public Accounting Firm We consent to the reference to our firm under the caption "Independent Registered Public Accounting Firm" in the Statement of Additional Information and to the use of our report dated February 18, 2005 with respect to the consolidated financial statements of IDS Life Insurance Company and to the use of our report dated March 31, 2005 with respect to the financial statements of IDS Life Variable Account 10 included in Post-Effective Amendment No. 34 to the Registration Statement (Form N-4, No. 333-79311) for the registration of the American Express Retirement Advisor Variable Annuity(R) - Band 3 offered by IDS Life Insurance Company. /s/ Ernst & Young LLP --------------------- Ernst & Young LLP Minneapolis, Minnesota September 29, 2005 EX-99.10.3 AUD CON 6 ex10-3.txt CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Consent of Independent Registered Public Accounting Firm We consent to the reference to our firm under the caption "Independent Registered Public Accounting Firm" in the Statement of Additional Information and to the use of our report dated February 18, 2005 with respect to the consolidated financial statements of IDS Life Insurance Company and to the use of our report dated March 31, 2005 with respect to the financial statements of IDS Life Variable Account 10 included in Post-Effective Amendment No. 34 to the Registration Statement (Form N-4, No. 333-79311) for the registration of the American Express Retirement Advisor Advantage(R) Variable Annuity/American Express Retirement Advisor Select Variable Annuity(R) offered by IDS Life Insurance Company. /s/ Ernst & Young LLP --------------------- Ernst & Young LLP Minneapolis, Minnesota September 29, 2005 EX-99.10.4 AUD CON 7 ex10-4.txt CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Consent of Independent Registered Public Accounting Firm We consent to the reference to our firm under the caption "Independent Registered Public Accounting Firm" in the Statement of Additional Information and to the use of our report dated February 18, 2005 with respect to the consolidated financial statements of IDS Life Insurance Company and to the use of our report dated March 31, 2005 with respect to the financial statements of IDS Life Variable Account 10 included in Post-Effective Amendment No. 34 to the Registration Statement (Form N-4, No. 333-79311) for the registration of the American Express Retirement Advisor Advantage(R) Variable Annuity - Band 3 offered by IDS Life Insurance Company. /s/ Ernst & Young LLP --------------------- Ernst & Young LLP Minneapolis, Minnesota September 29, 2005 EX-99.10.5 AUD CON 8 ex10-5.txt CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Consent of Independent Registered Public Accounting Firm We consent to the reference to our firm under the caption "Independent Registered Public Accounting Firm" in the Prospectus and in the Statement of Additional Information and to the use of our report dated February 18, 2005 with respect to the consolidated financial statements of IDS Life Insurance Company and to the use of our report dated March 31, 2005 with respect to the financial statements of IDS Life Variable Account 10 included in Post-Effective Amendment No. 34 to the Registration Statement (Form N-4, No. 333-79311) for the registration of the American Express Retirement Advisor Advantage Plus(R) Variable Annuity/American Express Retirement Advisor Select Plus Variable Annuity(R) offered by IDS Life Insurance Company. /s/ Ernst & Young LLP --------------------- Ernst & Young LLP Minneapolis, Minnesota September 29, 2005 -----END PRIVACY-ENHANCED MESSAGE-----