AMERICAN ENTERPRISE LIFE INSURANCE COMPANY POWER OF ATTORNEY City of Minneapolis State of Minnesota Each of the undersigned, as a director and/or officer of American Enterprise Life Insurance Company (AEL), on behalf of the below listed registrants previously have filed registration statements and amendments thereto pursuant to requirements of the Securities Act of 1933 and the Investment Company Act of 1940 with the Securities and Exchange Commission: 1933 Act 1940 Act Reg. Number Reg. Number American Enterprise Variable Annuity Account AEL Personal Portfolio Plus 2/AEL Personal Portfolio Plus/AEL 33-54471 811-7195 Personal PortfolioSM (AEL-Plus2) AEL Preferred Variable Annuity (AEL-Preferred) 333-20217 811-7195 American Express New Solutions Variable AnnuitySM (New Solutions) 333-92297 811-7195 American Express(R)Galaxy Premier Variable Annuity (Galaxy) 333-82149 811-7195 American Express Pinnacle Variable AnnuitySM (Pinnacle) 333-82149 811-7195 American Express Platinum Variable AnnuitySM (Platinum) 333-72777 811-7195 American Express Signature One Variable AnnuitySM (Signature 333-85567 811-7195 One) American Express Signature Variable AnnuitySM (Signature) 333-74865 811-7195 Wells Fargo AdvantageSM Variable Annuity (Wells Advantage) 333-85567 811-7195 Wells Fargo AdvantageSM Builder Variable Annuity (Wells Builder) 333-85567 811-7195 American Enterprise Variable Life Account 333-84121 811-09515 - ------------------------------------------------------------------------ American Express Signature Variable Universal LifeSM (SIG- VUL) American Enterprise MVA Account American Express New Solutions Variable AnnuitySM (New Solutions) 333-86297 N/A American Express Signature One Variable AnnuitySM (Signature One) American Express Signature Variable AnnuitySM (Signature) 333-86297 N/A Wells Fargo AdvantageSM Variable Annuity (Wells Advantage) Wells Fargo AdvantageSM Builder Variable Annuity (Wells Builder) 333-86297 N/A 333-86297 N/A 333-86297 N/A hereby constitutes and appoints Christine E. Harbron, Eric L. Marhoun, Timothy S. Meehan Mary Ellyn Minenko, Eileen J. Newhouse, James M. Odland, Teresa J. Rasmussen, Monica P. Vickman and H. Bernt von Ohlen or any one of them, as his/her attorney-in-fact and agent, to sign for him/her in his/her name, place and stead any and all filings, applications (including applications for exemptive relief), periodic reports, registration statements for existing or future products (with all exhibits and other documents required or desirable in connection therewith), other documents, and amendments thereto and to file such filings, applications, periodic reports, registration statements, other documents, and amendments thereto with the Securities and Exchange Commission, and any necessary states, and grants to any or all of them the full power and authority to do and perform each and every act required or necessary in connection therewith. Dated the 25th day of April, 2001. /s/ Gumer C. Alvero Gumer C. Alvero Director, Chairman of the Board and Executive Vice President - Annuities /s/ Carol A. Holton Carol A. Holton Director, President and Chief Executive Officer - ---------------------------- Paul S. Mannweiler Director /s/ Teresa J. Rasmussen Teresa J. Rasmussen Director, Vice President, General Counsel and Secretary /s/ Stuart A. Sedlacek Stuart A. Sedlacek Executive Vice President /s/ Philip C. Wentzel Philip C. Wentzel Vice President and Controller /s/ David L. Yowan David L. Yowan Vice President and Treasurer