Independent auditors' consent

The board and shareholders
AXP Federal Income Fund, Inc.:

The board of trustees and unitholders Income Trust:
            Government Income Portfolio


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



/s/ KPMG LLP
    KPMG LLP

Minneapolis, Minnesota
July 26, 2000