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Independent Auditors' Consent The board and shareholders AXP Tax-Exempt Series, Inc.: AXP Intermediate Tax-Exempt Fund AXP Tax-Exempt Bond Fund We consent to the use of our report 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 KPMG LLP Minneapolis, Minnesota June 15, 2000
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