-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DAeCIsfC4YltztwslGLk8CLD3ycB/5tp0dJKrnTXEh+FokWHCus/3LhKYmGxz+FE m03QTGcmjnZ+k7BYOvtDuQ== 0000950137-07-018035.txt : 20071130 0000950137-07-018035.hdr.sgml : 20071130 20071130105031 ACCESSION NUMBER: 0000950137-07-018035 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20071130 DATE AS OF CHANGE: 20071130 EFFECTIVENESS DATE: 20071130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERSOURCE VARIABLE PORTFOLIO SELECT SERIES, INC. CENTRAL INDEX KEY: 0001284202 IRS NUMBER: 201201676 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-113780 FILM NUMBER: 071276629 BUSINESS ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126714321 MAIL ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: AXP VARIABLE PORTFOLIO SELECT SERIES INC DATE OF NAME CHANGE: 20040319 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERSOURCE VARIABLE PORTFOLIO MANAGERS SERIES, INC. CENTRAL INDEX KEY: 0001140533 IRS NUMBER: 412009111 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-61346 FILM NUMBER: 071276630 BUSINESS ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126714321 MAIL ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: AXP VARIABLE PORTFOLIO PARTNERS SERIES INC DATE OF NAME CHANGE: 20010514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERSOURCE VARIABLE PORTFOLIO MONEY MARKET SERIES, INC. CENTRAL INDEX KEY: 0000353315 IRS NUMBER: 411409530 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-72584 FILM NUMBER: 071276631 BUSINESS ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126714321 MAIL ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: AXP VARIABLE PORTFOLIO MONEY MARKET SERIES INC DATE OF NAME CHANGE: 19991124 FORMER COMPANY: FORMER CONFORMED NAME: IDS LIFE MONEYSHARE FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERSOURCE VARIABLE PORTFOLIO MANAGED SERIES, INC. CENTRAL INDEX KEY: 0000764546 IRS NUMBER: 411555226 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-96367 FILM NUMBER: 071276632 BUSINESS ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126714321 MAIL ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: AXP VARIABLE PORTFOLIO MANAGED SERIES INC DATE OF NAME CHANGE: 20020904 FORMER COMPANY: FORMER CONFORMED NAME: AXP VARIABLE PORTFOLIO MANAGED FUND INC DATE OF NAME CHANGE: 19991126 FORMER COMPANY: FORMER CONFORMED NAME: IDS LIFE MANAGED FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERSOURCE VARIABLE PORTFOLIO INCOME SERIES, INC. CENTRAL INDEX KEY: 0000353967 IRS NUMBER: 411409537 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-73113 FILM NUMBER: 071276628 BUSINESS ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126714321 MAIL ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: AXP VARIABLE PORTFOLIO INCOME SERIES INC DATE OF NAME CHANGE: 19991126 FORMER COMPANY: FORMER CONFORMED NAME: IDS LIFE SPECIAL INCOME FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: IDS LIFE SPECIAL INCOME FUND II INC DATE OF NAME CHANGE: 19851104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERSOURCE VARIABLE PORTFOLIO INVESTMENT SERIES, INC. CENTRAL INDEX KEY: 0000353968 IRS NUMBER: 411409539 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-73115 FILM NUMBER: 071276633 BUSINESS ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126714321 MAIL ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: AXP VARIABLE PORTFOLIO INVESTMENT SERIES INC DATE OF NAME CHANGE: 19991126 FORMER COMPANY: FORMER CONFORMED NAME: IDS LIFE INVESTMENT SERIES INC DATE OF NAME CHANGE: 19981102 FORMER COMPANY: FORMER CONFORMED NAME: IDS LIFE CAPITAL RESOURCE FUND INC DATE OF NAME CHANGE: 19920703 0000353315 S000003389 RiverSource Variable Portfolio Cash Management Fund C000009310 RiverSource VP Cash Management Fund 0000353967 S000003367 RiverSource Variable Portfolio Core Bond Fund C000009272 RiverSource VP Core Bond Fund 0000353967 S000003368 RiverSource Variable Portfolio Diversified Bond Fund C000009273 RiverSource VP Diversified Bond Fund 0000353967 S000003369 RiverSource Variable Portfolio Global Bond Fund C000009274 RiverSource VP Global Bond Fund 0000353967 S000003370 RiverSource Variable Portfolio Global Inflation Protected Securities Fund C000009275 RiverSource VP Global Inflation Protected Securities Fund 0000353967 S000003371 RiverSource Variable Portfolio High Yield Bond Fund C000009276 RiverSource VP High Yield Bond Fund 0000353967 S000003372 RiverSource Varible Portfolio Income Opportunities Fund C000009277 RiverSource VP Income Opportunities Fund 0000353967 S000003373 RiverSource Variable Portfolio Short Duration U.S. Government Fund C000009278 RiverSource VP Short Duration U.S. Government Fund 0000353968 S000003376 RiverSource Variable Portfolio Emerging Markets Fund C000009297 RiverSource VP Emerging Markets Fund 0000353968 S000003377 RiverSource Variable Portfolio Small Cap Advantage Fund C000009298 RiverSource VP Small Cap Advantage Fund 0000353968 S000003379 RiverSource Variable Portfolio Growth Fund C000009300 RiverSource VP Growth Fund 0000353968 S000003380 RiverSource Variable Portfolio International Opportunity Fund C000009301 RiverSource Variable Portfolio International Opportunity Fund 0000353968 S000003381 RiverSource Variable Portfolio Large Cap Equity Fund C000009302 RiverSource VP Large Cap Equity Fund 0000353968 S000003382 RiverSource Variable Portfolio Large Cap Value Fund C000009303 RiverSource VP Large Cap Value Fund 0000353968 S000003383 RiverSource Variable Portfolio Mid Cap Growth Fund C000009304 RiverSource VP Mid Cap Growth Fund 0000353968 S000003384 RiverSource Variable Portfolio Mid Cap Value Fund C000009305 RiverSource VP Mid Cap Value Fund 0000353968 S000003386 RiverSource Variable Portfolio S&P 500 Index Fund C000009307 RiverSource VP S&P 500 Index Fund 0000764546 S000003387 RiverSource Variable Portfolio Balanced Fund C000009308 RiverSource VP Balanced Fund 0000764546 S000003388 RiverSource Variable Portfolio Diversified Equity Income Fund C000009309 RiverSource VP Diversified Equity Income Fund 0001140533 S000003390 RiverSource Variable Portfolio Select Value Fund C000009311 RiverSource VP Select Value Fund 0001140533 S000003391 RiverSource Variable Portfolio Small Cap Value Fund C000009312 RiverSource VP Small Cap Value Fund 0001140533 S000011657 RiverSource Variable Portfolio Fundamental Value Fund C000032008 RiverSource VP Fundamental Value Fund 0001284202 S000003392 RiverSource Variable Portfolio Core Equity Fund C000009313 RiverSource VP Core Equity Fund 497 1 c21913e497.txt FORM 497 . . . (RIVERSOURCE INVESTMENTS LOGO) PROSPECTUS SUPPLEMENT -- DEC. 1, 2007*
FUND (PROSPECTUS DATE) PROSPECTUS FORM # - ---------------------- ----------------- RiverSource(R) Variable Portfolio - Balanced Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Cash Management Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Core Bond Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Core Equity Fund (May 1, 2007) S-6347-99 E RiverSource Variable Portfolio - Diversified Bond (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Diversified Equity Income Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Emerging Markets Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Fundamental Value Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Global Bond Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Global Inflation Protected Securities Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Growth Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - High Yield Bond Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Income Opportunities Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - International Opportunity Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Large Cap Equity Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Large Cap Value Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Mid Cap Growth Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Mid Cap Value Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - S&P 500 Index Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Select Value Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Short Duration U.S. Government Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Small Cap Advantage Fund (May 1, 2007) S-6466-99 AA RiverSource Variable Portfolio - Small Cap Value Fund (May 1, 2007) S-6466-99 AA
References to "Fund" throughout this supplement refer to the foregoing individual funds, singularly or collectively as the context requires. At a Joint Special Meeting of Shareholders of the Funds listed above, scheduled to be held on Jan. 29, 2008, shareholders who owned shares on Nov. 30, 2007 will vote on the following proposals: 1. To approve the reorganization of each Fund into a corresponding newly-formed series of RiverSource Variable Series Trust, a Massachusetts business trust. 2. For RiverSource Variable Portfolio - Core Bond Fund (Core Bond Fund) only, to approve the merger of Core Bond Fund into RiverSource Variable Portfolio - Diversified Bond Fund (Diversified Bond Fund), a fund that seeks to provide shareholders with a high level of current income while conserving the value of the investment for the longest period of time. Core Bond Fund invests primarily, and Diversified Bond Fund invests at least 50%, in securities included the Lehman Brothers Aggregate Bond Index, which are investment grade and denominated in U.S. dollars. Unlike Core Bond Fund, which does not invest in securities rated below investment grade, Diversified Bond Fund may invest up to 50% in lower-quality (junk) bonds. - -------------------------------------------------------------------------------- S-6466-103 C (12/07) * Valid until further notice. The following information includes unaudited financial highlights of RiverSource Variable Portfolio Funds as of June 30, 2007. This information supplements the "Financial Highlights" section of, and should be maintained with, current prospectuses for RiverSource Variable Portfolio Funds dated May 1, 2007. Additionally, effective Jan. 31, 2008, the Investment Company file number on the back of the prospectuses will change to "Investment Company Act File #811-22127". FINANCIAL HIGHLIGHTS THE FINANCIAL HIGHLIGHTS TABLES ARE INTENDED TO HELP YOU UNDERSTAND THE FUND'S FINANCIAL PERFORMANCE. CERTAIN INFORMATION REFLECTS FINANCIAL RESULTS FOR A SINGLE FUND SHARE. THE TOTAL RETURNS IN THE TABLES REPRESENT THE RATE THAT AN INVESTOR WOULD HAVE EARNED OR LOST ON AN INVESTMENT IN THE FUND (ASSUMING REINVESTMENT OF ALL DIVIDENDS AND DISTRIBUTIONS). EXCEPT FOR INFORMATION RELATING TO THE SIX-MONTH PERIOD ENDED JUNE 30, 2007, THIS INFORMATION HAS BEEN AUDITED BY KPMG LLP, WHOSE REPORT, ALONG WITH THE FUND'S FINANCIAL STATEMENTS, IS INCLUDED IN THE ANNUAL REPORT. THE FUND'S ANNUAL AND SEMIANNUAL REPORTS ARE AVAILABLE UPON REQUEST. RiverSource VP - Balanced Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004 2003 Net asset value, beginning of period $15.61 $15.44 $15.18 $14.17 $13.00 $12.32 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .20 .13 .41 .35 .31 .31 Net gains (losses) (both realized and unrealized) .46 1.04 .72 1.02 1.17 .82 - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations .66 1.17 1.13 1.37 1.48 1.13 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.23) (.10) (.41) (.36) (.31) (.31) Distributions from realized gains (.34) (.90) (.46) -- -- (.14) - --------------------------------------------------------------------------------------------------------------------------------- Total distributions (.57) (1.00) (.87) (.36) (.31) (.45) - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $15.70 $15.61 $15.44 $15.18 $14.17 $13.00 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $1,957 $2,071 $2,046 $2,437 $2,664 $2,416 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(c),(d) .84%(e) .84%(e) .77% .82% .78% .80% - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 2.53%(e) 2.43%(e) 2.63% 2.34% 2.16% 2.48% - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 62% 38% 130% 131% 133% 119% - --------------------------------------------------------------------------------------------------------------------------------- Total return(f) 4.30%(g) 7.73%(g) 7.76% 9.68% 11.39% 9.40% - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. Includes the impact of a performance incentive adjustment fee, if any. (d) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (e) Adjusted to an annual basis. (f) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (g) Not annualized. RiverSource VP - Cash Management Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004 2003 Net asset value, beginning of period $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .02 .02 .04 .02 -- .01 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.02) (.02) (.04) (.02) -- (.01) - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $1,188 $1,055 $999 $688 $773 $868 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(c) .60%(d) .60%(d) .67% .70% .69% .70% - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 4.77%(d) 4.66%(d) 4.01% 1.88% .47% .72% - --------------------------------------------------------------------------------------------------------------------------------- Total return(e) 2.40%(f) 1.54%(f) 4.01% 1.92% .48% .72% - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. (d) Adjusted to an annual basis. (e) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (f) Not annualized. RiverSource VP - Core Bond Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004(C) Net asset value, beginning of period $9.81 $9.77 $10.05 $10.01 $9.98 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .21 .14 .39 .31 .14 Net gains (losses) (both realized and unrealized) (.13) .04 (.26) .04 .03 - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations .08 .18 .13 .35 .17 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.21) (.14) (.39) (.31) (.14) Distributions from realized gains -- -- (.02) -- -- - --------------------------------------------------------------------------------------------------------------------------------- Total distributions (.21) (.14) (.41) (.31) (.14) - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $9.68 $9.81 $9.77 $10.05 $10.01 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $79 $66 $63 $58 $36 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(d),(e),(f) .83%(g) .83%(g) .86% .95% .95%(g) - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 4.43%(g) 4.28%(g) 3.97% 3.10% 2.33%(g) - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 173% 106% 319% 339% 221% - --------------------------------------------------------------------------------------------------------------------------------- Total return(h) .85%(i) 1.85%(i) 1.38% 3.64% 1.67%(i) - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) For the period from Feb. 4, 2004 (date the Fund became available) to Aug. 31, 2004. (d) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. (e) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (f) The Investment Manager and its affiliates waived/reimbursed the Fund for certain expenses. Had they not done so, the annual ratios of expenses would have been 0.89% for the six months ended June 30, 2007, 0.93% for the period ended Dec. 31, 2006 and 0.96%, 1.01% and 1.13% for the periods ended Aug. 31, 2006, 2005 and 2004, respectively. (g) Adjusted to an annual basis. (h) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (i) Not annualized. RiverSource VP - Core Equity Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) Fiscal period ended Dec. 31, 2007(l) 2006 2005 Net asset value, beginning of period $10.97 $11.14 $10.64 - ---------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .10 .17 .16 Net gains (losses) (both realized and unrealized) .57 1.41 .53 - ---------------------------------------------------------------------------------------------- Total from investment operations .67 1.58 .69 - ---------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.10) (.17) (.16) Distributions from realized gains (.79) (1.58) (.03) - ---------------------------------------------------------------------------------------------- Total distributions (.89) (1.75) (.19) - ---------------------------------------------------------------------------------------------- Net asset value, end of period $10.75 $10.97 $11.14 - ---------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $415 $432 $466 - ---------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(e),(f) .40%(g),(h),(i) .40%(g),(h) .40%(g),(h) - ---------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 1.84%(i) 1.63% 1.48% - ---------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 34% 73% 121% - ---------------------------------------------------------------------------------------------- Total return(e) 6.52%(j),(k) 15.79%(j) 6.57%(j) - ---------------------------------------------------------------------------------------------- PER SHARE INCOME AND CAPITAL CHANGES(a) Fiscal period ended Dec. 31, 2004(b) 2004(c) 2004(d) 2003 Net asset value, beginning of period $10.00 $10.14 $10.14 $7.96 - ---------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .05 .01 .06 .01 Net gains (losses) (both realized and unrealized) .64 (.15) .49 2.17 - ---------------------------------------------------------------------------------------------- Total from investment operations .69 (.14) .55 2.18 - ---------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.05) -- (.05) -- Distributions from realized gains -- -- -- -- - ---------------------------------------------------------------------------------------------- Total distributions (.05) -- (.05) -- - ---------------------------------------------------------------------------------------------- Net asset value, end of period $10.64 $10.00 $10.64 $10.14 - ---------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $529 $296 $529 $337 - ---------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(e),(f) .40%(i) 1.40%(i) .99% 1.40% - ---------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 1.73%(i) .11%(i) .79% .08% - ---------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 45% 77% 135% 104% - ---------------------------------------------------------------------------------------------- Total return(e) 6.95%(j),(k) (1.38%)(k) 5.42% 27.45% - ----------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. The per-share information for periods prior to Sept. 10, 2004 have been restated on a 2.793 to 1 exchange ratio to present such information on a comparable basis with the reorganization date net asset value of $10.00 per share. (b) For the period from Sept. 10, 2004 (date the Fund became available) to Dec. 31, 2004. (c) For the period from Jan. 1, 2004 to Sept. 10, 2004. (d) For the period from Jan. 1, 2004 to Dec. 31, 2004. (e) The total return and ratio of expenses for the Fund included management fee only for the periods since Sept. 10, 2004. Previous periods included both management and mortality and expense risk fees under Fund B. Total return does not reflect payment of a sales charge. (f) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (g) The Investment Manager and its affiliates waived/reimbursed the Fund for certain expenses. Had they not done so, the annual ratios of expenses would have been 0.46% for the six months ended June 30, 2007 and 0.45% and 0.45% for the years ended Dec. 31, 2006 and 2005, respectively. (h) Expense ratio is based on total expense of the Fund before reduction of earnings and bank credits on cash balances. (i) Adjusted to an annual basis. (j) Total return does not reflect payment of the expenses that apply to the variable accounts or any annuity charges. (k) Not annualized. (l) Six months ended June 30, 2007 (Unaudited). RiverSource VP - Diversified Bond Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004 2003 Net asset value, beginning of period $10.47 $10.39 $10.66 $10.62 $10.40 $10.38 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .24 .16 .43 .39 .38 .44 Net gains (losses) (both realized and unrealized) (.14) .08 (.27) .06 .22 .02 - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations .10 .24 .16 .45 .60 .46 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.24) (.16) (.43) (.41) (.38) (.44) - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $10.33 $10.47 $10.39 $10.66 $10.62 $10.40 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $3,427 $2,745 $2,325 $1,824 $1,696 $1,765 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(c),(d) .73%(e) .74%(e) .80% .82% .81% .81% - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 4.73%(e) 4.57%(e) 4.15% 3.65% 3.60% 4.23% - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 167% 109% 292% 293% 295% 251% - --------------------------------------------------------------------------------------------------------------------------------- Total return(f) 1.04%(g) 2.32%(g) 1.58% 4.27% 5.84% 4.50% - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. (d) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (e) Adjusted to an annual basis. (f) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (g) Not annualized. RiverSource VP - Diversified Equity Income Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004 2003 Net asset value, beginning of period $15.48 $15.09 $13.83 $11.17 $9.65 $8.41 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .12 .07 .23 .20 .17 .17 Net gains (losses) (both realized and unrealized) 1.67 1.33 1.80 2.65 1.51 1.24 - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations 1.79 1.40 2.03 2.85 1.68 1.41 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.14) (.05) (.22) (.19) (.16) (.17) Distributions from realized gains (.17) (.96) (.55) -- -- -- - --------------------------------------------------------------------------------------------------------------------------------- Total distributions (.31) (1.01) (.77) (.19) (.16) (.17) - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $16.96 $15.48 $15.09 $13.83 $11.17 $9.65 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $4,087 $3,446 $2,877 $1,679 $843 $370 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(c),(d) .79%(e) .91%(e) .91% .84% .86% .76% - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 1.56%(e) 1.39%(e) 1.61% 1.66% 1.77% 2.13% - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 16% 5% 27% 25% 19% 39% - --------------------------------------------------------------------------------------------------------------------------------- Total return(f) 11.75%(g) 9.37%(g) 15.19% 25.59% 17.53% 17.00% - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. Includes the impact of a performance incentive adjustment fee, if any. (d) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (e) Adjusted to an annual basis. (f) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (g) Not annualized. RiverSource VP - Emerging Markets Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004 2003 Net asset value, beginning of period $17.35 $16.32 $13.14 $9.80 $8.44 $7.04 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .08 (.02) .09 .06 .09 .04 Net gains (losses) (both realized and unrealized) 2.39 3.21 3.85 3.72 1.39 1.38 - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations 2.47 3.19 3.94 3.78 1.48 1.42 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.06) -- (.06) (.06) (.12) (.02) Distributions from realized gains (1.00) (2.16) (.70) (.38) -- -- - --------------------------------------------------------------------------------------------------------------------------------- Total distributions (1.06) (2.16) (.76) (.44) (.12) (.02) - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $18.76 $17.35 $16.32 $13.14 $9.80 $8.44 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $685 $548 $427 $192 $46 $16 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(c),(d) 1.53%(e) 1.51%(e) 1.54% 1.55% 1.61%(f) 1.75%(f) - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets .97%(e) (.36%)(e) .68% .58% .65% .67% - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 58% 46% 146% 120% 117% 191% - --------------------------------------------------------------------------------------------------------------------------------- Total return(g) 14.94%(h) 20.17%(h) 30.97% 39.60% 17.63% 20.25% - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. Includes the impact of a performance incentive adjustment fee, if any. (d) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (e) Adjusted to an annual basis. (f) The Investment Manager and its affiliates waived/reimbursed the Fund for certain expenses. Had they not done so, the annual ratios of expenses would have been 1.67% and 2.04% for the years ended Aug. 31, 2004 and 2003, respectively. (g) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (h) Not annualized. RiverSource VP - Fundamental Value Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED YEAR ENDED JUNE 30, 2007 DEC. 31, AUG. 31, (UNAUDITED) 2006(B) 2006(C) Net asset value, beginning of period $10.92 $10.03 $10.06 - --------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .09 .03 .02 Net gains (losses) (both realized and unrealized) .62 .91 (.03) - --------------------------------------------------------------------------------------------------------------------- Total from investment operations .71 .94 (.01) - --------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.09) (.02) (.02) Distributions from realized gains -- (.02) -- Tax return of capital -- (.01) -- - --------------------------------------------------------------------------------------------------------------------- Total distributions (.09) (.05) (.02) - --------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $11.54 $10.92 $10.03 - --------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $640 $397 $232 - --------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(d),(e) .99%(f) 1.02%(f) 1.07%(f),(g) - --------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 1.12%(f) .83%(f) 1.27%(f) - --------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 2% 3% 3% - --------------------------------------------------------------------------------------------------------------------- Total return(h) 6.26%(i) 9.30%(i) (.05%)(i) - ---------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) For the period from May 1, 2006 (date the Fund became available) to Aug. 31, 2006. (d) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. Includes the impact of a performance incentive adjustment fee, if any. (e) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (f) Adjusted to an annual basis. (g) The Investment Manager and its affiliates waived/reimbursed the Fund for certain expenses. Had they not done so, the annual ratio of expenses would have been 1.15% for the period ended Aug. 31, 2006. (h) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (i) Not annualized. RiverSource VP - Global Bond Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004 2003 Net asset value, beginning of period $10.90 $10.79 $11.02 $10.82 $10.40 $10.02 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .18 .12 .30 .34 .35 .34 Net gains (losses) (both realized and unrealized) (.10) .11 (.17) .39 .73 .61 - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations .08 .23 .13 .73 1.08 .95 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.18) (.12) (.31) (.53) (.66) (.57) Distributions from realized gains -- -- (.05) -- -- -- - --------------------------------------------------------------------------------------------------------------------------------- Total distributions (.18) (.12) (.36) (.53) (.66) (.57) - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $10.80 $10.90 $10.79 $11.02 $10.82 $10.40 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $944 $782 $692 $575 $409 $312 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(c),(d) 1.02%(e) 1.00%(e) 1.06% 1.08% 1.08% 1.09% - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 3.25%(e) 3.22%(e) 2.85% 2.63% 2.76% 3.08% - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 35% 20% 65% 79% 105% 102% - --------------------------------------------------------------------------------------------------------------------------------- Total return(f) .70%(g) 2.15%(g) 1.27% 6.75% 10.57% 9.56% - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. (d) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (e) Adjusted to an annual basis. (f) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (g) Not annualized. RiverSource VP - Global Inflation Protected Securities Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005(C) Net asset value, beginning of period $9.76 $10.04 $10.19 $10.00 - ----------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .33 .06 .47 .32 Net gains (losses) (both realized and unrealized) (.34) (.10) (.26) .19 - ----------------------------------------------------------------------------------------------------------------------------- Total from investment operations (.01) (.04) .21 .51 - ----------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.08) (.24) (.34) (.32) Distributions from realized gains -- -- (.02) -- - ----------------------------------------------------------------------------------------------------------------------------- Total distributions (.08) (.24) (.36) (.32) - ----------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $9.67 $9.76 $10.04 $10.19 - ----------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $837 $582 $403 $116 - ----------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(d),(e) .72%(f),(g) .72%(f) .72%(g) .75%(f),(g) - ----------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 5.25%(f) 1.09%(f) 4.23% 3.42%(f) - ----------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 34% --% 75% 29% - ----------------------------------------------------------------------------------------------------------------------------- Total return(h) (.16%)(i) (.49%)(i) 2.18% 5.22%(i) - -----------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) For the period from Sept. 13, 2004 (date the Fund became available) to Aug. 31, 2005. (d) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. (e) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (f) Adjusted to an annual basis. (g) The Investment Manager and its affiliates waived/reimbursed the Fund for certain expenses. Had they not done so, the annual ratios of expenses would have been 0.74% for the six months ended June 30, 2007 and 0.77% and 0.87% for the periods ended Aug. 31, 2006 and 2005, respectively. (h) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (i) Not annualized. RiverSource VP - Growth Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004 2003 Net asset value, beginning of period $7.50 $6.93 $6.61 $5.69 $5.45 $5.00 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .06 .01 .06 .03 .02 .01 Net gains (losses) (both realized and unrealized) .37 .57 .33 .91 .24 .45 - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations .43 .58 .39 .94 .26 .46 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.07) (.01) (.07) (.02) (.02) (.01) - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $7.86 $7.50 $6.93 $6.61 $5.69 $5.45 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $666 $640 $612 $392 $261 $223 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(c),(d) .96%(e) 1.01%(e) .91% .92% .85% .99% - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 1.53%(e) .59%(e) 1.04% .42% .27% .20% - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 58% 30% 156% 154% 192% 199% - --------------------------------------------------------------------------------------------------------------------------------- Total return(f) 5.78%(g) 8.27%(g) 5.79% 16.74% 4.64% 9.29% - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. Includes the impact of a performance incentive adjustment fee, if any. (d) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (e) Adjusted to an annual basis. (f) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (g) Not annualized. RiverSource VP - High Yield Bond Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004 2003 Net asset value, beginning of period $6.85 $6.68 $6.76 $6.60 $6.22 $5.66 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .24 .16 .47 .44 .47 .48 Net gains (losses) (both realized and unrealized) (.01) .19 (.09) .16 .38 .54 - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations .23 .35 .38 .60 .85 1.02 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.24) (.18) (.46) (.44) (.47) (.46) - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $6.84 $6.85 $6.68 $6.76 $6.60 $6.22 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $1,215 $1,216 $1,192 $1,246 $1,130 $843 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(c),(d) .87%(e) .88%(e) .87% .83% .82% .83% - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 7.00%(e) 7.35%(e) 7.02% 6.58% 7.30% 8.31% - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 52% 29% 106% 106% 139% 141% - --------------------------------------------------------------------------------------------------------------------------------- Total return(f) 3.29%(g) 5.43%(g) 5.76% 9.31% 14.03% 18.81% - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. (d) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (e) Adjusted to an annual basis. (f) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (g) Not annualized. RiverSource VP - Income Opportunities Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004(C) Net asset value, beginning of period $10.32 $10.08 $10.39 $10.29 $9.93 - ------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .34 .22 .64 .59 .15 Net gains (losses) (both realized and unrealized) (.08) .24 (.26) .18 .36 - ------------------------------------------------------------------------------------------------------------------- Total from investment operations .26 .46 .38 .77 .51 - ------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.34) (.22) (.64) (.59) (.15) Distributions from realized gains (.03) -- (.05) (.08) -- - ------------------------------------------------------------------------------------------------------------------- Total distributions (.37) (.22) (.69) (.67) (.15) - ------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $10.21 $10.32 $10.08 $10.39 $10.29 - ------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $626 $409 $259 $45 $16 - ------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(d),(e) .91%(f) .90%(f) .96% .99%(g) .99%(f),(g) - ------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 6.66%(f) 6.72%(f) 6.39% 5.69% 6.03%(f) - ------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 45% 29% 87% 93% 36% - ------------------------------------------------------------------------------------------------------------------- Total return(h) 2.49%(i) 4.66%(i) 3.76% 7.73% 5.17%(i) - -------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) For the period from June 1, 2004 (date the Fund became available) to Aug. 31, 2004. (d) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. (e) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (f) Adjusted to an annual basis. (g) The Investment Manager and its affiliates waived/reimbursed the Fund for certain expenses. Had they not done so, the annual ratios of expenses would have been 1.03% and 1.55% for the periods ended Aug. 31, 2005 and 2004, respectively. (h) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (i) Not annualized. RiverSource VP - International Opportunity Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004 2003 Net asset value, beginning of period $13.19 $12.24 $10.02 $8.23 $7.19 $7.00 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .11 .02 .12 .11 .08 .08 Net gains (losses) (both realized and unrealized) 1.20 1.04 2.27 1.80 1.05 .16 - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations 1.31 1.06 2.39 1.91 1.13 .24 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.11) (.10) (.17) (.12) (.09) (.05) Tax return of capital -- (.01) -- -- -- -- - --------------------------------------------------------------------------------------------------------------------------------- Total distributions (.11) (.11) (.17) (.12) (.09) (.05) - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $14.39 $13.19 $12.24 $10.02 $8.23 $7.19 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $1,303 $1,311 $1,266 $1,184 $974 $738 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(c),(d) 1.02%(e) 1.08%(e) 1.12% 1.04% .98% 1.06% - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 1.55%(e) .55%(e) 1.04% 1.19% .99% 1.19% - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 47% 20% 74% 90% 142% 102% - --------------------------------------------------------------------------------------------------------------------------------- Total return(f) 9.95%(g) 8.72%(g) 23.82% 23.29% 15.77% 3.48% - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. Includes the impact of a performance incentive adjustment fee, if any. (d) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (e) Adjusted to an annual basis. (f) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (g) Not annualized. RiverSource VP - Large Cap Equity Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004 2003 Net asset value, beginning of period $25.04 $22.91 $21.48 $19.32 $18.04 $16.48 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .19 .09 .29 .24 .14 .10 Net gains (losses) (both realized and unrealized) 1.38 2.10 1.43 2.15 1.28 1.56 - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations 1.57 2.19 1.72 2.39 1.42 1.66 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.22) (.06) (.29) (.23) (.14) (.10) - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $26.39 $25.04 $22.91 $21.48 $19.32 $18.04 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $3,506 $3,737 $3,733 $2,510 $2,535 $1,982 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(c),(d) .87%(e) .83%(e) .82% .80% .85% .85% - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 1.44%(e) 1.16%(e) 1.30% 1.13% .72% .62% - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 35% 21% 85% 132% 114% 115% - --------------------------------------------------------------------------------------------------------------------------------- Total return(f) 6.29%(g) 9.59%(g) 8.02% 12.42% 7.87% 10.16% - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. Includes the impact of a performance incentive adjustment fee, if any. (d) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds which it invests. Such indirect expenses are not included in the above reported expense ratios. (e) Adjusted to an annual basis. (f) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (g) Not annualized. RiverSource VP - Large Cap Value Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004(C) Net asset value, beginning of period $12.23 $11.71 $10.99 $10.00 $9.99 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .08 .05 .17 .14 .05 Net gains (losses) (both realized and unrealized) .64 1.13 .98 1.06 .02 - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations .72 1.18 1.15 1.20 .07 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.08) (.05) (.17) (.14) (.06) Distributions from realized gains (.05) (.61) (.26) (.07) -- - --------------------------------------------------------------------------------------------------------------------------------- Total distributions (.13) (.66) (.43) (.21) (.06) - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $12.82 $12.23 $11.71 $10.99 $10.00 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $27 $25 $21 $15 $7 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(d),(e),(f) 1.05%(g) 1.05%(g) 1.02% 1.05% 1.05%(g) - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 1.28%(g) 1.33%(g) 1.55% 1.37% 1.03%(g) - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 23% 13% 49% 52% 24% - --------------------------------------------------------------------------------------------------------------------------------- Total return(h) 5.92%(i) 10.15%(i) 10.75% 12.04% .69%(i) - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) For the period from Feb. 4, 2004 (date the Fund became available) to Aug. 31, 2004. (d) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. Includes the impact of a performance incentive adjustment fee, if any. (e) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (f) The Investment Manager and its affiliates waived/reimbursed the Fund for certain expenses. Had they not done so, the annual ratios of expenses would have been 1.08% for the period ended June 30, 2007, 1.23% for the period ended Dec. 31, 2006 and 1.20%, 2.55% and 2.85% for the periods ended Aug. 31, 2006, 2005 and 2004, respectively. (g) Adjusted to an annual basis. (h) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (i) Not annualized. RiverSource VP - Mid Cap Growth Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004 2003 Net asset value, beginning of period $11.42 $10.96 $12.43 $10.11 $10.09 $8.54 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .03 .03 (.01) (.04) (.05) (.05) Net gains (losses) (both realized and unrealized) 1.28 .91 (.44) 2.36 .07 1.60 - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations 1.31 .94 (.45) 2.32 .02 1.55 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.01) (.03) -- -- -- -- Distributions from realized gains (.12) (.45) (1.02) -- -- -- - --------------------------------------------------------------------------------------------------------------------------------- Total distributions (.13) (.48) (1.02) -- -- -- - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $12.60 $11.42 $10.96 $12.43 $10.11 $10.09 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $653 $690 $709 $255 $225 $170 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(c),(d) .84%(e) .88%(e) .92% .82% .85% 1.06% - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets .41%(e) .70%(e) (.14%) (.32%) (.49%) (.71%) - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 37% 24% 43% 34% 25% 19% - --------------------------------------------------------------------------------------------------------------------------------- Total return(f) 11.55%(g) 8.54%(g) (4.43%) 23.03% .13% 18.20% - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. Includes the impact of a performance incentive adjustment fee, if any. (d) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (e) Adjusted to an annual basis. (f) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (g) Not annualized. RiverSource VP - Mid Cap Value Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005(C) Net asset value, beginning of period $13.49 $12.65 $11.42 $10.15 - ----------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .10 .05 .09 .01 Net gains (losses) (both realized and unrealized) 1.96 .98 1.27 1.28 - ----------------------------------------------------------------------------------------------------------------------------- Total from investment operations 2.06 1.03 1.36 1.29 - ----------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.05) (.05) (.09) (.02) Distributions from realized gain (.01) (.14) (.04) -- - ----------------------------------------------------------------------------------------------------------------------------- Total distributions (.06) (.19) (.13) (.02) - ----------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $15.49 $13.49 $12.65 $11.42 - ----------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $572 $370 $228 $7 - ----------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(d),(e) .98%(f) 1.07%(f) 1.11%(g) 1.08%(f),(g) - ----------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 1.52%(f) 1.23%(f) 1.02% .62%(f) - ----------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 17% 4% 60% 7% - ----------------------------------------------------------------------------------------------------------------------------- Total return(h) 15.41%(i) 8.07%(i) 11.93% 12.70%(i) - -----------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) For the period from May 2, 2005 (date the Fund became available) to Aug. 31, 2005. (d) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. Includes the impact of a performance incentive adjustment fee, if any. (e) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (f) Adjusted to an annual basis. (g) The Investment Manager and its affiliates waived/reimbursed the Fund for certain expenses. Had they not done so, the annual ratios of expenses would have been 1.44% and 2.97% for the periods ended Aug. 31, 2006 and 2005, respectively. (h) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (i) Not annualized. RiverSource VP - S&P 500 Index Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004 2003 Net asset value, beginning of period $9.59 $8.85 $8.30 $7.54 $6.88 $6.24 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .07 .04 .13 .13 .09 .08 Net gains (losses) (both realized and unrealized) .57 .77 .57 .76 .66 .64 - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations .64 .81 .70 .89 .75 .72 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.09) (.03) (.13) (.13) (.09) (.08) Distributions from realized gains (.07) (.04) (.02) -- -- -- - --------------------------------------------------------------------------------------------------------------------------------- Total distributions (.16) (.07) (.15) (.13) (.09) (.08) - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $10.07 $9.59 $8.85 $8.30 $7.54 $6.88 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $406 $392 $367 $367 $283 $171 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(c),(d),(e) .50%(f) .50%(f) .50% .50% .49% .50% - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 1.45%(f) 1.44%(f) 1.46% 1.65% 1.21% 1.31% - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 2% 2% 6% 5% --% 5% - --------------------------------------------------------------------------------------------------------------------------------- Total return(g) 6.72%(h) 9.27%(h) 8.38%(i) 11.98% 10.84% 11.51% - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. (d) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (e) The Investment Manager and its affiliates waived/reimbursed the Fund for certain expenses. Had they not done so, the annual ratios of expenses would have been 0.52% for the six months ended June 30, 2007, 0.51% for the period ended Dec. 31, 2006 and 0.53%, 0.56%, 0.57%, and 0.64% for the years ended Aug. 31, 2006, 2005, 2004 and 2003, respectively. (f) Adjusted to an annual basis. (g) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (h) Not annualized. (i) The Fund received a one time transaction fee reimbursement by Ameriprise Trust Company. Had the Fund not received this reimbursement, the total return would have been lower by 0.06%. RiverSource VP - Select Value Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004(C) Net asset value, beginning of period $11.37 $11.72 $11.45 $9.95 $9.98 - ------------------------------------------------------------------------------------------------------------------------ INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .05 .04 .25 .05 .02 Net gains (losses) (both realized and unrealized) 1.22 .79 .44 1.55 (.03) - ------------------------------------------------------------------------------------------------------------------------ Total from investment operations 1.27 .83 .69 1.60 (.01) - ------------------------------------------------------------------------------------------------------------------------ LESS DISTRIBUTIONS: Dividends from net investment income (.06) (.03) (.25) (.05) (.02) Distributions from realized gains (.11) (1.15) (.17) (.05) -- - ------------------------------------------------------------------------------------------------------------------------ Total distributions (.17) (1.18) (.42) (.10) (.02) - ------------------------------------------------------------------------------------------------------------------------ Net asset value, end of period $12.47 $11.37 $11.72 $11.45 $9.95 - ------------------------------------------------------------------------------------------------------------------------ RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $33 $28 $27 $23 $9 - ------------------------------------------------------------------------------------------------------------------------ Ratio of expenses to average daily net assets(d),(e),(f) 1.02%(g) 1.09%(g) 1.08% 1.15% 1.15%(g) - ------------------------------------------------------------------------------------------------------------------------ Ratio of net investment income (loss) to average daily net assets .85%(g) .95%(g) 2.19% .45% .50%(g) - ------------------------------------------------------------------------------------------------------------------------ Portfolio turnover rate (excluding short-term securities) 45% 112% 35% 31% 13% - ------------------------------------------------------------------------------------------------------------------------ Total return(h) 11.19%(i) 7.13%(i) 6.17% 16.18% (.11%)(i) - ------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) For the period from Feb. 4, 2004 (date the Fund became available) to Aug. 31, 2004. (d) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. Includes the impact of a performance incentive adjustment fee, if any. (e) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (f) The Investment Manager and its affiliates waived/reimbursed the Fund for certain expenses. Had they not done so, the annual ratios of expenses would have been 1.65% for the six months ended June 30, 2007, 1.22% for the period ended Dec. 31, 2006 and 1.19%, 1.17% and 1.97% for the periods ended Aug. 31, 2006, 2005 and 2004, respectively. (g) Adjusted to an annual basis. (h) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (i) Not annualized. RiverSource VP - Short Duration U.S. Government Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004 2003 Net asset value, beginning of period $10.13 $10.11 $10.21 $10.34 $10.46 $10.55 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .21 .13 .36 .27 .25 .27 Net gains (losses) (both realized and unrealized) (.04) .02 (.10) (.13) (.07) (.05) - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations .17 .15 .26 .14 .18 .22 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.21) (.13) (.36) (.27) (.25) (.27) Distributions from realized gains -- -- -- -- (.05) (.04) - --------------------------------------------------------------------------------------------------------------------------------- Total distributions (.21) (.13) (.36) (.27) (.30) (.31) - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $10.09 $10.13 $10.11 $10.21 $10.34 $10.46 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $452 $457 $463 $484 $506 $479 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(c),(d) .78%(e) .77%(e) .82% .83% .82% .82% - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets 4.22%(e) 3.97%(e) 3.55% 2.67% 2.36% 2.47% - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 80% 58% 236% 171% 135% 179% - --------------------------------------------------------------------------------------------------------------------------------- Total return(f) 1.71%(g) 1.55%(g) 2.61% 1.43% 1.70% 2.06% - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. (d) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (e) Adjusted to an annual basis. (f) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (g) Not annualized. RiverSource VP - Small Cap Advantage Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004 2003 Net asset value, beginning of period $13.03 $13.80 $15.11 $12.64 $11.25 $8.79 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .02 .01 -- (.04) (.05) (.02) Net gains (losses) (both realized and unrealized) .79 1.11 .61 3.14 1.44 2.48 - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations .81 1.12 .61 3.10 1.39 2.46 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.01) (.01) -- -- -- -- Distributions from realized gains (.59) (1.88) (1.92) (.63) -- -- - --------------------------------------------------------------------------------------------------------------------------------- Total distributions (.60) (1.89) (1.92) (.63) -- -- - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $13.24 $13.03 $13.80 $15.11 $12.64 $11.25 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $208 $220 $218 $235 $184 $102 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(c),(d) 1.01%(e) 1.08%(e) 1.06% 1.07% 1.10% 1.19% - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets .33%(e) .22%(e) (.02%) (.28%) (.42%) (.20%) - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 73% 74% 132% 112% 104% 124% - --------------------------------------------------------------------------------------------------------------------------------- Total return(f) 6.51%(g) 8.14%(g) 4.40% 24.88% 12.40% 27.96% - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. Includes the impact of a performance incentive adjustment fee, if any. (d) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it may invests. Such indirect expenses are not included in the above reported expense ratios. (e) Adjusted to an annual basis. (f) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (g) Not annualized. RiverSource VP - Small Cap Value Fund
PER SHARE INCOME AND CAPITAL CHANGES(a) SIX MONTHS ENDED PERIOD ENDED JUNE 30, 2007 DEC. 31, YEAR ENDED AUG. 31, (UNAUDITED) 2006(B) 2006 2005 2004 2003 Net asset value, beginning of period $14.89 $15.06 $14.46 $13.10 $11.39 $9.52 - --------------------------------------------------------------------------------------------------------------------------------- INCOME FROM INVESTMENT OPERATIONS: Net investment income (loss) .04 .02 .06 .02 (.02) (.03) Net gains (losses) (both realized and unrealized) .95 1.46 1.61 2.53 1.92 1.95 - --------------------------------------------------------------------------------------------------------------------------------- Total from investment operations .99 1.48 1.67 2.55 1.90 1.92 - --------------------------------------------------------------------------------------------------------------------------------- LESS DISTRIBUTIONS: Dividends from net investment income (.06) (.02) (.06) (.01) -- (.01) Distributions from realized gains (.41) (1.63) (1.01) (1.18) (.19) (.04) - --------------------------------------------------------------------------------------------------------------------------------- Total distributions (.47) (1.65) (1.07) (1.19) (.19) (.05) - --------------------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $15.41 $14.89 $15.06 $14.46 $13.10 $11.39 - --------------------------------------------------------------------------------------------------------------------------------- RATIOS/SUPPLEMENTAL DATA Net assets, end of period (in millions) $729 $619 $549 $412 $229 $134 - --------------------------------------------------------------------------------------------------------------------------------- Ratio of expenses to average daily net assets(c),(d) 1.27%(e),(f) 1.26%(e),(f) 1.24%(f) 1.28% 1.27% 1.55% - --------------------------------------------------------------------------------------------------------------------------------- Ratio of net investment income (loss) to average daily net assets .52%(e) .48%(e) .41% .12% (.20%) (.43%) - --------------------------------------------------------------------------------------------------------------------------------- Portfolio turnover rate (excluding short-term securities) 32% 23% 102% 65% 84% 87% - --------------------------------------------------------------------------------------------------------------------------------- Total return(g) 6.76%(h) 9.99%(h) 12.28% 20.02% 16.78% 20.24% - ---------------------------------------------------------------------------------------------------------------------------------
(a) For a share outstanding throughout the period. Rounded to the nearest cent. (b) For the period from Sept. 1, 2006 to Dec. 31, 2006. (c) Expense ratio is based on total expenses of the Fund before reduction of earnings and bank fee credits on cash balances. Includes the impact of a performance incentive adjustment fee, if any. (d) In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the acquired funds in which it invests. Such indirect expenses are not included in the above reported expense ratios. (e) Adjusted to an annual basis. (f) The Investment Manager and its affiliates waived/reimbursed the Fund for certain expenses. Had they not done so, the annual ratios of expenses would have 1.32% for the six months ended June 30, 2007, 1.32% for the period ended Dec. 31, 2006 and 1.28% for the year ended Aug. 31, 2006. (g) Total return does not reflect payment of the expenses that apply to the variable accounts or any contract charges. (h) Not annualized. -----END PRIVACY-ENHANCED MESSAGE-----