Independent Auditors' Consent

The board and shareholders
AXP Equity Select Fund, Inc.:


We consent to the use of our report  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
June 15,  2000