Independent auditors' consent


The board and shareholders AXP Stock Fund, Inc.:

The board of trustees and unitholders Growth and Income Trust:
     Equity Portfolio

We consent to the use of our reports 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
November 3, 2000