The development of the ring current ions in the inner magnetosphere during the main phase of a magnetic storm is studied. The temporal and spatial evolution of the ion phase space densities in a dipole field are calculated using a three dimensional ring current model, considering charge exchange and Coulomb losses along drift paths. The simulation starts with a quiet time distribution. The model is tested by comparing calculated ion fluxes with Active Magnetospheric Particle Tracer Explorers/CCE measurement during the storm main phase on May 2, 1986. Most of the calculated omnidirectional fluxes are in good agreement with the data except on the dayside inner edge (L<2.5) of the ring current, where the ion fluxes are underestimated. The model also reproduces the measured pitch angle distributions of ions with energies below 10 keV. At higher energy, an additional diffusion in pitch angle is necessary in order to fit the data. The role of the induced electric field on the ring current dynamics is also examined by simulating a series of substorm activities represented by stretching and collapsing the magnetic field lines. In response to the impulsively changing fields, the calculated ion energy content fluctuates about a mean value that grows steadily with the enhanced quiescent field. ¿ American Geophysical Union 1996