October 22, 2002



AXP Bond Fund, Inc.
70100 AXP Financial Center
Minneapolis, Minnesota 55474

Gentlemen:

I have examined the Articles of Incorporation  and the By-Laws of AXP Bond Fund,
Inc.  (the  Company) and all  necessary  certificates,  permits,  minute  books,
documents and records of the Company,  and the applicable  statutes of the State
of  Minnesota,  and it is my opinion  that the shares  sold in  accordance  with
applicable federal and state securities laws will be legally issued, fully paid,
and nonassessable.

This opinion may be used in connection with the Post-Effective Amendment.


Sincerely,




/s/ Leslie L. Ogg
    -------------
    Leslie L. Ogg
    Attorney at Law
    901 S. Marquette Ave., Suite 2810
    Minneapolis, MN  55402-3268