Independent auditors' consent
The board and shareholders
AXP Variable Portfolio Income Series, Inc.
AXP Variable Portfolio -- Bond Fund
AXP Variable Portfolio -- Extra Income Fund
AXP Variable Portfolio -- Federal Income Fund
AXP Variable Portfolio -- Global Bond Fund
AXP Variable Portfolio Investment Series, Inc.
AXP Variable Portfolio -- Blue Chip Advantage Fund
AXP Variable Portfolio -- Capital Resource Fund
AXP Variable Portfolio -- Emerging Markets Fund
AXP Variable Portfolio -- Growth Fund
AXP Variable Portfolio -- International Fund
AXP Variable Portfolio -- New Dimensions Fund
AXP Variable Portfolio -- S&P 500 Index Fund
AXP Variable Portfolio -- Small Cap Advantage Fund
AXP Variable Portfolio -- Strategy Aggressive Fund
AXP Variable Portfolio Managed Series, Inc.
AXP Variable Portfolio -- Diversified Equity Income Fund
AXP Variable Portfolio -- Managed Fund
AXP Variable Portfolio Money Market Series, Inc.
AXP Variable Portfolio -- Cash Management Fund:
We consent to the use of our reports included or 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
October 26, 2000
