EXHIBIT INDEX

(11)      Opinion and Consent of Counsel as to the legality of the securities
          being registered.

(16)(a)   Directors'  Power of Attorney to sign Amendments to this  Registration
          Statement, dated January 7, 2004.

(17)(c)   Prospectus, dated Sept. 29, 2003, for AXP Large Cap Equity Fund.

(17)(d)   Statement of Additional Information, dated Sept. 29, 2003, for AXP
          Large Cap Equity Fund.

(17)(f)   Prospectus, dated April 1, 2003, for AXP Blue Chip Advantage Fund.

(17)(g)   Statement of Additional Information, dated April 1, 2003, for AXP Blue
          Chip Advantage Fund.

(17)(j)   Prospectus, dated Sept. 29, 2003, for AXP Research Opportunities Fund.

(17)(k)   Statement of Additional Information, dated Sept. 29, 2003, for AXP
          Research Opportunities Fund.

(17)(m)   Prospectus Supplement, dated Jan. 20, 2004, for AXP Large Cap Equity
          Fund,  AXP Blue Chip  Advantage  Fund and AXP  Research  Opportunities
          Fund.

(17)(n)   Prospectus Supplement, dated Nov. 19, 2003, for AXP Blue Chip
          Advantage Fund and AXP Research Opportunities Fund.

(17)(o)   Prospectus Supplement, dated Sept. 4, 2003 for AXP Blue Chip Advantage
          Fund.

(17)(p)   Prospectus and Statement of Additional Information Supplement, dated
          May 28, 2003 for AXP Blue Chip Advantage Fund.

(17)(q)   Statement of Additional Information Supplement, dated May 1, 2003, for
          AXP Blue Chip Advantage Fund.