Independent auditors' consent
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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 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
July 25, 2001