AXP MANAGED SERIES INC
485BPOS, EX-99.(J)-AUDCONS, 2000-11-22
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Independent auditors' consent

The board and shareholders AXP Managed Series, Inc.:
     AXP Managed Allocation Fund

The board of trustees and unitholders Growth and Income Trust:
     Total Return 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
November 3, 2000



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