Independent auditors' consent


The board and shareholders AXP Growth Series, Inc.:
   AXP Growth Fund
   AXP Research Opportunities Fund

The board of trustees and unitholders Growth Trust:
   Growth Portfolio
   Aggressive Growth Portfolio


We  consent  to the  use of our  reports  included  or  incorporated  herein  by
reference,  and to the  references  to our Firm  under the  headings  "Financial
highlights" in Part A and  "INDEPENDENT  AUDITORS" in Part B of the Registration
Statement.




/s/ KPMG LLP
    KPMG LLP

Minneapolis, Minnesota
September 26, 2000