EXHIBIT INDEX

(d)(3)   Subadvisory Agreement and Amendment to Subadvisory Agreement by and
         between American Express Financial Corporation and RS Investment
         Management, L.P., dated July 15, 2003.

(d)(4)   Subadvisory Agreement by and between American Express Financial
         Corporation and Bjurman, Barry & Associates, dated July 25, 2003.

(d)(5)   Subadvisory Agreement by and between American Express Financial
         Corporation and UBS Global Asset Management (Americas) Inc., dated July
         21, 2003.

(d)(6)   Subadvisory Agreement and Amendment to Subadvisory Agreement by and
         between American Express Financial Corporation and Turner Investment
         Partners, Inc., dated April 7, 2003.

(h)(14)  Fee Waiver Agreement between American Express Financial Corporation and
         American Express Client Service Corporation on behalf of AXP Focused
         Growth Fund, dated March 15, 2004.

(i)      Opinion and Consent of Counsel as to the legality of the securities
         being registered.

(j)      Independent Auditors' Consent.

(p)(4)   Code of Ethics adopted under Rule 17j-1 by AXP Partners Small Cap
         Growth Fund's Subadviser Bjurman, Barry & Associates.

(p)(6)   Code of Ethics adopted under Rule 17j-1 by AXP Partners Small Cap
         Growth Fund's Subadviser UBS Global Asset Management (Americas) Inc.