November 21, 2000
AXP Stock Fund, Inc.
200 AXP Financial Center
Minneapolis, Minnesota 55474
Gentlemen:
I have examined the Articles of Incorporation and the By-Laws of 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
LLO/SP/jj
