AXP Discovery Fund, Inc.
                                  EXHIBIT INDEX

(b)      By-laws, as amended January 11, 2001.

(h)(6)   Transfer Agency Agreement dated May 10, 2001 between Registrant and
         American Express Client Service Corporation.

(i)      Opinion and consent of counsel,  as to the legality of the  securities
         being registered.

(j)      Consent of Independent Auditors.

(q)(1)   Directors'  Power of Attorney to sign Amendments to this  Registration
         Statement,  dated Jan. 11, 2001.

(q)(2)   Officers'  Power of Attorney to sign  Amendments to this  Registration
         Statement,  dated Jan. 11, 2001.