Consent of Independent Auditors




We consent to the  reference to our firm under the caption  "Experts" and to the
use  of our  report  dated  February  8,  2001  on  the  consolidated  financial
statements of IDS Life Insurance Company,  included in Post-Effective  Amendment
No.  3  to  the  Registration  Statement  (Form  S-1,  No.  333-42793)  for  the
registration of the Portfolio Guaranteed Term Annuity Contracts to be offered by
IDS Life Insurance Company.






/s/  Ernst & Young LLP
     Ernst & Young LLP
     Minneapolis, Minnesota
     April 23, 2001