AXP Federal Income Fund, Inc.
File No. 2-96512/811-4260

Exhibit Index:

(h)(7)   Transfer Agency  Agreement dated March 9, 2000 between  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.13, 2000.

(q)(2)   Officers'  Power of Attorney to sign  Amendments to this  Registration
          Statement, dated Jan.13, 2000.

(q)(3)   Trustees'   Power   of   Attorney,   dated   Jan.13,   2000.

(q)(4)   Officers'   Power   of   Attorney,   dated   Jan.13,   2000.