EXHIBIT 23.2



INDEPENDENT AUDITORS' CONSENT


The Board of Directors
Ames National Corporation and subsidiaries:


We consent to  incorporation  by reference  in the  registration  statement  No.
333-89772 on Form S-8 dated June 30, 2002 of Ames  National  Corporation  of our
report dated March 2, 2001,  related to the  consolidated  balance sheet of Ames
National  Corporation  and  subsidiaries as of December 31, 2000 and the related
consolidated  statements  of  income,  stockholders'  equity  and  comprehensive
income,  and cash  flows  for each of the  years in the  two-year  period  ended
December 31, 2000,  which report  appears in the December 31, 2002 annual report
on Form 10-K of Ames National Corporation.

/s/ KPMG LLP
----------------------

Des Moines, Iowa
March 26, 2003


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