


                          INDEPENDENT AUDITORS' CONSENT

The Board of Directors

Ames National Corporation and subsidiaries:


We consent to incorporation  by reference in the registration  statement on Form
S-8 dated June 3, 2002 of Ames National Corporation of our report dated March 2,
2001, related to the consolidated balance sheet of Ames National Corporation and
subsidiaries as of December 31, 2000 and the related consolidated  statements of
income,  stockholders' equity and comprehensive  income, and cash flows for each
of the years in the  two-year  period  ended  December  31,  2000,  which report
appears in the  December  31, 2001 annual  report on Form 10-K of Ames  National
Corporation.



/s/ KPMG LLP
------------------------

Des Moines, Iowa
June 3, 2002




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