EXHIBIT INDEX
(b) By-laws, dated March 18, 2004.
(d) Investment Management Services Agreement between Registrant, on behalf
AXP Variable Portfolio - Core Equity Fund, and American Express
Financial Corporation, dated April 7, 2004.
(g)(1) Custodian Agreement between Registrant, on behalf of AXP Variable
Portfolio - Core Equity Fund, and American Express Trust Company,
dated April 7, 2004.
(h)(2) Addendum to Schedule A and Schedule B of the License Agreement between
the American Express Funds and American Express Company, dated June
23, 2004.
(i) Opinion and Consent of Counsel as to the legality of the securities
being registered.
(q) Directors' Power of Attorney to sign Amendments to this Registration
Statement, dated Jan. 7, 2004.