AXP SELECTIVE FUND, INC.

                                EXHIBIT INDEX

(a)(2)    Articles of Amendment to the Articles of Incorporation, dated
          June 16, 1999.

(b)       By-laws,  as  amended  January  11,  2001.

(h)(7)    Transfer Agency Agreement dated May 10, 2001,  between the Registrant
          and American  Express Client Service  Corporation.

(i)       Opinion  and consent of counsel as to the  legality of the  securities
          being registered.

(j)       Independent Auditors' Consent.

(q)(1)    Directors'  Power of Attorney to sign Amendments to this  Registration
          Statement dated Jan. 11, 2001.

(q)(2)    Officers'  Power of Attorney to sign  Amendments to this  Registration
          Statement dated Jan. 11, 2001.

(q)(3)    Trustees Power of Attorney for the Master Fund, dated Jan. 11, 2001.

(q)(4)    Officers' Power of Attorney for the Master Fund, dated Jan. 11, 2001.