July 25, 2000
AXP Selective Fund, Inc.
200 AXP Financial Center
Minneapolis, Minnesota 55474
Gentlemen:
I have examined the Articles of Incorporation and the By-Laws of AXP Selective
Fund, Inc. (the Company) and all necessary certificates, permits, minute books,
documents and records of the Company, and the applicable statutes of the State
of Minnesota, and it is my opinion that the shares sold in accordance with
applicable federal and state securities laws will be legally issued, fully paid
and nonassessable.
This opinion may be used in connection with the Post-Effective Amendment.
Very truly yours,
/s/ Leslie L. Ogg
Leslie L. Ogg
Attorney at Law
901 S. Marquette Ave., Suite 2810
Minneapolis, Minnesota 55402-3268
