N-Q 1 large-cap_nq.txt RIVERSOURCE LARGE CAP SERIES, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-2111 ------------ RIVERSOURCE LARGE CAP SERIES, INC. -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 50606 Ameriprise Financial Center, Minneapolis, Minnesota 55474 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Scott R. Plummer - 5228 Ameriprise Financial Center, Minneapolis, MN 55474 -------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (612) 330-9283 ----------------- Date of fiscal year end: 7/31 -------------- Date of reporting period: 10/31 -------------- PORTFOLIO HOLDINGS FOR RIVERSOURCE DISCIPLINED EQUITY FUND AT OCT. 31, 2006 INVESTMENTS IN SECURITIES OCT. 31, 2006 (UNAUDITED) (Percentages represent value of investments compared to net assets)
COMMON STOCKS (98.7%) ISSUER SHARES VALUE(a) AEROSPACE & DEFENSE (3.0%) Boeing 287,966 $ 22,996,965 Lockheed Martin 109,106 9,484,585 United Technologies 479,944 31,541,919 ------------ Total 64,023,469 -------------------------------------------------------------------------------- AIR FREIGHT & LOGISTICS (0.8%) FedEx 149,481 17,121,554 -------------------------------------------------------------------------------- AUTO COMPONENTS (0.5%) Cooper Tire & Rubber 134,474(e) 1,442,906 Johnson Controls 103,337 8,426,099 ------------ Total 9,869,005 -------------------------------------------------------------------------------- AUTOMOBILES (1.2%) Ford Motor 949,756 7,863,980 General Motors 300,180(e) 10,482,285 Harley-Davidson 107,706 7,391,863 ------------ Total 25,738,128 -------------------------------------------------------------------------------- BEVERAGES (2.4%) Anheuser-Busch Companies 186,355 8,836,954 Coca-Cola 601,206 28,088,344 Coca-Cola Enterprises 63,000 1,261,890 Pepsi Bottling Group 39,400 1,245,828 PepsiCo 175,615 11,141,016 ------------ Total 50,574,032 -------------------------------------------------------------------------------- BIOTECHNOLOGY (0.4%) Gilead Sciences 109,838(b) 7,567,838 -------------------------------------------------------------------------------- CAPITAL MARKETS (4.6%) Bear Stearns Companies 57,188 8,655,404 E*TRADE Financial 106,057(b) 2,469,007 Goldman Sachs Group 50,955 9,670,749 Janus Capital Group 74,113 1,488,189 Lehman Brothers Holdings 328,565 25,575,500 Merrill Lynch & Co 426,443 37,279,648 Morgan Stanley 133,031 10,167,559 T Rowe Price Group 52,172 2,468,257 ------------ Total 97,774,313 -------------------------------------------------------------------------------- COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) CHEMICALS (0.8%) Air Products & Chemicals 55,408 $ 3,860,275 Ashland 8,000 472,800 Dow Chemical 80,450 3,281,556 Eastman Chemical 21,200 1,291,504 Monsanto 114,036 5,042,672 PPG Inds 17,500 1,197,000 Sigma-Aldrich 29,836 2,240,982 ------------ Total 17,386,789 -------------------------------------------------------------------------------- COMMERCIAL BANKS (1.6%) AmSouth Bancorporation 24,300 734,346 Comerica 80,681 4,694,827 Fifth Third Bancorp 10,200 406,470 First Horizon Natl 64,839 2,549,469 Huntington Bancshares 41,800 1,020,338 KeyCorp 80,436 2,987,393 Natl City 266,234(e) 9,917,217 PNC Financial Services Group 118,696 8,312,281 US Bancorp 128,076 4,334,092 Wachovia 1 54 ------------ Total 34,956,487 -------------------------------------------------------------------------------- COMMERCIAL SERVICES & SUPPLIES (0.7%) Monster Worldwide 58,405(b) 2,365,987 Waste Management 334,270 12,528,439 ------------ Total 14,894,426 -------------------------------------------------------------------------------- COMMUNICATIONS EQUIPMENT (0.8%) ADC Telecommunications 103,541(b) 1,481,672 JDS Uniphase 64,247(b) 933,502 Motorola 143,276 3,303,945 QUALCOMM 238,880 8,692,842 Tellabs 315,628(b) 3,326,719 ------------ Total 17,738,680 -------------------------------------------------------------------------------- COMPUTERS & PERIPHERALS (1.4%) Apple Computer 192,145(b) 15,579,117 Lexmark Intl Cl A 63,242(b) 4,021,559 Network Appliance 232,374(b) 8,481,651 Sun Microsystems 419,773(b) 2,279,367 ------------ Total 30,361,694 -------------------------------------------------------------------------------- COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) CONSTRUCTION & ENGINEERING (0.2%) Fluor 45,564 $ 3,573,585 -------------------------------------------------------------------------------- CONTAINERS & PACKAGING (0.1%) Pactiv 34,800(b) 1,073,232 -------------------------------------------------------------------------------- DISTRIBUTORS (0.2%) Genuine Parts 81,078 3,690,671 -------------------------------------------------------------------------------- DIVERSIFIED CONSUMER SERVICES (--%) Apollo Group Cl A 13,400(b) 495,264 -------------------------------------------------------------------------------- DIVERSIFIED FINANCIAL SERVICES (6.2%) CIT Group 120,412 6,267,445 Citigroup 977,792 49,046,047 iShares MSCI EAFE Index Fun d 510,260 35,825,355 JPMorgan Chase & Co 781,226 37,061,361 Moody's 58,814 3,899,368 ------------ Total 132,099,576 -------------------------------------------------------------------------------- DIVERSIFIED TELECOMMUNICATION SERVICES (6.7%) AT&T 1,289,438 44,163,252 BellSouth 1,020,036 46,003,624 Qwest Communications Int l372,093(b) 3,211,163 Verizon Communications 1,309,736 48,460,231 ------------ Total 141,838,270 -------------------------------------------------------------------------------- ELECTRIC UTILITIES (0.3%) American Electric Power 112,566 4,663,609 Entergy 25,120 2,156,050 ------------ Total 6,819,659 -------------------------------------------------------------------------------- ELECTRICAL EQUIPMENT (0.4%) Cooper Inds Cl A 45,489 4,068,991 Rockwell Automation 87,387 5,417,994 ------------ Total 9,486,985 -------------------------------------------------------------------------------- ELECTRONIC EQUIPMENT & INSTRUMENTS (--%) Tektronix 21,900 665,103 --------------------------------------------------------------------------------
See accompanying notes to investments in securities. ------------------------------------------------------------------------------ 1 RIVERSOURCE DISCIPLINED EQUITY FUND - PORTFOLIO HOLDINGS AT OCT. 31, 2006
COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) ENERGY EQUIPMENT & SERVICES (1.1%) Schlumberger 303,337 $ 19,134,498 Transocean 19,560(b) 1,418,882 Weatherford Intl 85,939(b) 3,530,374 ------------ Total 24,083,754 -------------------------------------------------------------------------------- FOOD & STAPLES RETAILING (2.7%) CVS 99,031 3,107,593 Kroger 421,369(g) 9,476,589 Safeway 318,606 9,354,272 Wal-Mart Stores 717,641 35,365,348 ------------ Total 57,303,802 -------------------------------------------------------------------------------- FOOD PRODUCTS (1.5%) Archer-Daniels-Midland 415,041 15,979,078 Campbell Soup 99,344 3,713,479 Kellogg 73,600 3,702,816 Sara Lee 375,839 6,426,847 Tyson Foods Cl A 138,600 2,002,770 WM Wrigley Jr 8,183 425,107 ------------ Total 32,250,097 -------------------------------------------------------------------------------- GAS UTILITIES (0.2%) Nicor 46,395 2,132,314 Peoples Energy 32,000 1,398,080 ------------ Total 3,530,394 -------------------------------------------------------------------------------- HEALTH CARE EQUIPMENT & SUPPLIES (1.0%) Becton Dickinson & Co 44,419 3,110,663 Biomet 76,069 2,878,451 Medtronic 219,814 10,700,545 St. Jude Medical 158,400(b) 5,441,040 ------------ Total 22,130,699 -------------------------------------------------------------------------------- HEALTH CARE PROVIDERS & SERVICES (1.0%) AmerisourceBergen 52,258 2,466,578 Cardinal Health 85,343 5,585,699 CIGNA 66,967 7,833,799 Health Management Associates Cl A 67,300 1,325,810 Quest Diagnostics 38,786 1,929,216 Tenet Healthcare 261,345(b) 1,845,096 ------------ Total 20,986,198 -------------------------------------------------------------------------------- HOTELS, RESTAURANTS & LEISURE (1.7%) Darden Restaurants 50,646 2,122,067 Hilton Hotels 185,773 5,372,555 Intl Game Technology 211,357 8,984,786 Marriott Intl Cl A 95,852 4,003,738 Starbucks 278,976(b) 10,531,345 Starwood Hotels & Resorts Worldwide 53,693 3,207,620 Tim Hortons --(c) 13 Wendy's Intl 53,279 1,843,453 ------------ Total 36,065,577 -------------------------------------------------------------------------------- COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) HOUSEHOLD DURABLES (1.3%) Centex 82,847 $ 4,332,898 DR Horton 218,489 5,119,197 KB HOME 33,431 1,502,389 Lennar Cl A 110,123 5,228,640 Pulte Homes 188,605 5,844,870 Stanley Works 28,742 1,369,556 Whirlpool 43,126 3,748,943 ------------ Total 27,146,493 -------------------------------------------------------------------------------- HOUSEHOLD PRODUCTS (0.6%) Kimberly-Clark 190,099 12,645,385 -------------------------------------------------------------------------------- INDUSTRIAL CONGLOMERATES (1.3%) 3M 289,373 22,814,167 Textron 62,464 5,679,852 ------------ Total 28,494,019 -------------------------------------------------------------------------------- INSURANCE (2.8%) Allstate 177,893 10,915,515 Ambac Financial Group 60,196 5,025,764 Chubb 34,748 1,846,856 Cincinnati Financial 28,900 1,319,285 Genworth Financial Cl A 120,634 4,034,001 Lincoln Natl 86,117 5,452,067 Marsh & McLennan Companies 194,762 5,733,793 MBIA 75,996 4,713,272 MetLife 189,716 10,838,475 Torchmark 47,851 2,951,450 UnumProvident 313,431 6,199,665 ------------ Total 59,030,143 -------------------------------------------------------------------------------- INTERNET SOFTWARE & SERVICES (1.5%) Google Cl A 65,426(b) 31,168,292 -------------------------------------------------------------------------------- IT SERVICES (0.9%) Affiliated Computer Services Cl A 19,858(b) 1,062,006 Convergys 120,400(b) 2,553,684 Electronic Data Systems 321,174 8,135,338 Paychex 98,702 3,896,755 Sabre Holdings Cl A 59,444 1,511,066 Unisys 153,647(b) 1,004,851 ------------ Total 18,163,700 -------------------------------------------------------------------------------- LEISURE EQUIPMENT & PRODUCTS (0.6%) Brunswick 50,000 1,575,000 Eastman Kodak 205,970(e) 5,025,668 Mattel 231,076 5,229,250 ------------ Total 11,829,918 -------------------------------------------------------------------------------- LIFE SCIENCES TOOLS & SERVICES (0.1%) Fisher Scientific Intl 30,311(b) 2,595,228 -------------------------------------------------------------------------------- COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) MACHINERY (2.3%) Caterpillar 334,154 $ 20,286,489 Cummins 29,804 3,784,512 Deere & Co 86,569 7,369,619 Eaton 65,117 4,716,424 Illinois Tool Works 40,630 1,947,396 Ingersoll-Rand Cl A 119,294(c) 4,379,283 Navistar Intl 54,900(b) 1,522,377 PACCAR 91,175 5,398,472 ------------ Total 49,404,572 -------------------------------------------------------------------------------- MEDIA (2.7%) CBS Cl B 244,280 7,069,463 Comcast Cl A 506,694(b) 20,607,245 Gannett 131,687 7,787,969 Interpublic Group of Companies 108,200(b) 1,180,462 New York Times Cl A 70,860(e) 1,712,686 News Corp Cl A 843,386 17,584,598 Univision Communications Cl A 58,092(b) 2,036,706 ------------ Total 57,979,129 -------------------------------------------------------------------------------- METALS & MINING (2.4%) Alcoa 424,819 12,281,517 Allegheny Technologies 41,989 3,305,794 Freeport-McMoRan Copper & Gold Cl B 119,238 7,211,514 Newmont Mining 50,367 2,280,114 Nucor 188,768 11,025,939 Phelps Dodge 131,801 13,230,185 United States Steel 26,643 1,801,067 ------------ Total 51,136,130 -------------------------------------------------------------------------------- MULTILINE RETAIL (1.5%) Dollar General 151,012 2,118,698 Family Dollar Stores 125,366 3,692,029 Federated Department Stores 65,530 2,877,422 JC Penney 58,043 4,366,575 Kohl's 118,168(b) 8,342,661 Sears Holdings 55,598(b) 9,700,183 ------------ Total 31,097,568 -------------------------------------------------------------------------------- MULTI-UTILITIES (0.6%) CenterPoint Energy 210,603 3,260,134 CMS Energy 57,088(b) 850,040 PG&E 133,580 5,762,642 Sempra Energy 35,402 1,877,722 TECO Energy 40,396 666,130 ------------ Total 12,416,668 -------------------------------------------------------------------------------- OIL, GAS & CONSUMABLE FUELS (10.9%) Anadarko Petroleum 57,994 2,692,081 Apache 132,448 8,651,503 Chevron 1,103,817 74,176,502 ConocoPhillips 602,607 36,301,046 Exxon Mobil 1,478,954 105,626,895 Hess 17,763 753,151 Marathon Oil 18,109 1,564,618 Occidental Petroleum 25,568 1,200,162 ------------ Total 230,965,958 --------------------------------------------------------------------------------
See accompanying notes to investments in securities. ------------------------------------------------------------------------------ 2 RIVERSOURCE DISCIPLINED EQUITY FUND - PORTFOLIO HOLDINGS AT OCT. 31, 2006
COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) PAPER & FOREST PRODUCTS (0.1%) Intl Paper 60,600 $ 2,021,010 -------------------------------------------------------------------------------- PERSONAL PRODUCTS (0.3%) Alberto-Culver 41,634 2,115,424 Avon Products 106,854 3,249,430 ------------ Total 5,364,854 -------------------------------------------------------------------------------- PHARMACEUTICALS (11.3%) Abbott Laboratories 551,435 26,198,677 Bristol-Myers Squibb 726,024 17,969,094 Forest Laboratories 41,862(b) 2,048,726 Johnson & Johnson 1,173,043 79,063,098 King Pharmaceuticals 212,443(b) 3,554,171 Merck & Co 1,820,542 82,689,017 Mylan Laboratories 23,300 477,650 Pfizer 903,047 24,066,203 Schering-Plough 118,547 2,624,631 ------------ Total 238,691,267 -------------------------------------------------------------------------------- REAL ESTATE INVESTMENT TRUSTS (REITS) (0.3%) Boston Properties 27,708 2,960,046 Equity Office Properties Trust 84,879 3,607,357 ------------ Total 6,567,403 -------------------------------------------------------------------------------- ROAD & RAIL (1.9%) Avis Budget Group 13,026 257,789 Burlington Northern Santa Fe 132,541 10,275,904 CSX 277,360 9,893,431 Norfolk Southern 152,693 8,027,071 Ryder System 36,600 1,926,990 Union Pacific 99,386 9,007,353 ------------ Total 39,388,538 -------------------------------------------------------------------------------- SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (1.2%) Advanced Micro Devices 187,154(b) 3,980,766 Intel 428,480 9,143,762 Micron Technology 450,347(b) 6,507,514 NVIDIA 194,519(b) 6,782,878 ------------ Total 26,414,920 -------------------------------------------------------------------------------- COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) SOFTWARE (3.2%) Autodesk 51,339(b) $ 1,886,708 Citrix Systems 101,198(b) 2,988,377 Intuit 83,692(b) 2,954,328 Microsoft 1,182,172 33,940,157 Novell 267,064(b) 1,602,384 Oracle 1,389,514(b) 25,664,324 ------------ Total 69,036,278 -------------------------------------------------------------------------------- SPECIALTY RETAIL (3.5%) AutoNation 46,675(b) 935,834 AutoZone 19,100(b) 2,139,200 Bed Bath & Beyond 42,853(b) 1,726,547 Best Buy 88,223 4,874,321 Circuit City Stores 114,482 3,088,724 Gap 46,100 969,022 Home Depot 1,207,701 45,083,478 Lowe's Companies 178,549 5,381,467 Office Depot 177,146(b) 7,438,361 OfficeMax 45,278 2,154,327 RadioShack 76,600 1,366,544 ------------ Total 75,157,825 -------------------------------------------------------------------------------- TEXTILES, APPAREL & LUXURY GOODS (0.8%) Coach 79,115(b) 3,136,119 Hanesbrands --(b) 3 Jones Apparel Group 45,056 1,504,870 Liz Claiborne 54,222 2,286,542 Nike Cl B 77,946 7,161,678 VF 42,284 3,214,007 ------------ Total 17,303,219 -------------------------------------------------------------------------------- COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) THRIFTS & MORTGAGE FINANCE (4.7%) Countrywide Financia l73,675 $ 2,808,491 Fannie Mae 864,002 51,200,759 Freddie Mac 370,677 25,573,006 MGIC Investment 83,228 4,890,477 Washington Mutual 371,876 15,730,355 -------------- Total 100,203,088 -------------------------------------------------------------------------------- TOBACCO (0.4%) Reynolds American 106,012 6,695,718 UST 42,237 2,262,214 -------------- Total 8,957,932 -------------------------------------------------------------------------------- TRADING COMPANIES & DISTRIBUTORS (0.1%) WW Grainger 26,000 1,892,280 -------------------------------------------------------------------------------- TOTAL COMMON STOCKS (Cost: $1,911,180,746) $2,099,171,098 -------------------------------------------------------------------------------- MONEY MARKET FUND (1.9%)(f) SHARES VALUE(a) RiverSource Short-Term Cash Fund 41,102,811(d) $41,102,811 -------------------------------------------------------------------------------- TOTAL MONEY MARKET FUND (Cost: $41,102,811) $41,102,811 -------------------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES (Cost: $1,952,283,557)(h) $2,140,273,909 ================================================================================ See accompanying notes to investments in securities. ------------------------------------------------------------------------------ 3 RIVERSOURCE DISCIPLINED EQUITY FUND - PORTFOLIO HOLDINGS AT OCT. 31, 2006 NOTES TO INVESTMENTS IN SECURITIES (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Annual Report dated July 31, 2006. (b) Non-income producing. (c) Foreign security values are stated in U.S. dollars. At Oct. 31, 2006, the value of foreign securities represented 0.2% of net assets. (d) Affiliated Money Market Fund - The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. (e) At Oct. 31, 2006, security was partially or fully on loan. (f) Cash collateral received from security lending activity is invested in a money market fund and represents 0.8% of net assets. 1.1% of net assets is the Fund's cash equivalent position. (g) Partially pledged as initial margin deposit on the following open stock index futures contracts: TYPE OF SECURITY CONTRACTS -------------------------------------------------------------------------- PURCHASE CONTRACTS S&P 500 Index, Dec. 2006 62 (h) At Oct. 31, 2006, the cost of securities for federal income tax purposes was approximately $1,952,284,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $ 226,638,000 Unrealized depreciation (38,648,000) -------------------------------------------------------------------------- Net unrealized appreciation $ 187,990,000 --------------------------------------------------------------------------
The Global Industry Classification Standard (GICS) was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. HOW TO FIND INFORMATION ABOUT THE FUND'S PORTFOLIO HOLDINGS (i) The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (Commission) for the first and third quarters of each fiscal year on Form N-Q; (i) The Fund's Forms N-Q are available on the Commission's website at http://www.sec.gov; (ii) The Fund's Forms N-Q may be reviewed and copied at the Commission's Public Reference Room in Washington, DC (information on the operations of the Public Reference Room may be obtained by calling 1-800-SEC-0330); and (iv) The Fund's complete schedule of portfolio holdings, as disclosed in its annual and semiannual shareholder reports and in its filings on Form N-Q, can be found at riversource.com/funds. ------------------------------------------------------------------------------ 4 RIVERSOURCE DISCIPLINED EQUITY FUND - PORTFOLIO HOLDINGS AT OCT. 31, 2006 S-6263-80 F (12/06) PORTFOLIO HOLDINGS FOR RIVERSOURCE GROWTH FUND AT OCT. 31, 2006 INVESTMENTS IN SECURITIES OCT. 31, 2006 (UNAUDITED) (Percentages represent value of investments compared to net assets)
COMMON STOCKS (95.2%) ISSUER SHARES VALUE(a) AEROSPACE & DEFENSE (1.8%) Boeing 460,340 $36,762,752 Honeywell Intl 433,383 18,254,092 Lockheed Martin 89,507 7,780,844 ------------ Total 62,797,688 ----------------------------------------------------------------------- BEVERAGES (2.0%) Coca-Cola 347,444 16,232,584 PepsiCo 820,358 52,043,511 ------------ Total 68,276,095 ----------------------------------------------------------------------- BIOTECHNOLOGY (5.1%) Amgen 855,676(b) 64,954,365 Biogen Idec 761,179(b) 36,232,120 Genentech 921,173(b,d) 76,733,711 ------------ Total 177,920,196 ----------------------------------------------------------------------- CAPITAL MARKETS (0.5%) KKR Private Equity Investors LP Unit 738,478(b) 16,061,897 ----------------------------------------------------------------------- COMMERCIAL BANKS (--%) Industrial and Commercial Bank of China Series H 1,871,000(b,c) 837,255 ----------------------------------------------------------------------- COMMUNICATIONS EQUIPMENT (5.3%) 3Com 1,592,616(b) 7,740,114 Cisco Systems 4,933,847(b) 119,053,729 Lucent Technologies 9,905,684(b) 24,070,812 Motorola 1,312,253 30,260,554 QUALCOMM 140,755 5,122,074 ------------ Total 186,247,283 ----------------------------------------------------------------------- COMPUTERS & PERIPHERALS (1.1%) Apple Computer 984(b) 79,783 Dell 332,780(b) 8,096,537 EMC 110,352(b) 1,351,812 Hewlett-Packard 704,171 27,279,585 ------------ Total 36,807,717 ----------------------------------------------------------------------- DIVERSIFIED TELECOMMUNICATION SERVICES (3.2%) AT&T 212,473 7,277,200 BellSouth 230,954 10,416,025 Chunghwa Telecom ADR 72,740(c) 1,330,415 Embarq 948,961 45,882,263 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) DIVERSIFIED TELECOMMUNICATION SERVICES (CONT.) France Telecom 292,670(c) $7,602,032 Qwest Communications Intl 414,950(b) 3,581,019 Verizon Communications 376,987 13,948,519 Windstream 1,504,419 20,640,629 ------------ Total 110,678,102 ----------------------------------------------------------------------- FOOD & STAPLES RETAILING (1.1%) Safeway 1,018,345 29,898,609 Wal-Mart Stores 169,308 8,343,498 ------------ Total 38,242,107 ----------------------------------------------------------------------- FOOD PRODUCTS (1.2%) General Mills 134,676 7,652,290 Kellogg 669,347 33,674,848 ------------ Total 41,327,138 ----------------------------------------------------------------------- HEALTH CARE EQUIPMENT & SUPPLIES (2.6%) Boston Scientific 4,617,558(b) 73,465,348 Medtronic 334,213 16,269,489 ------------ Total 89,734,837 ----------------------------------------------------------------------- HEALTH CARE PROVIDERS & SERVICES (4.7%) Cardinal Health 759,322 49,697,625 CIGNA 37,145 4,345,222 HCA 1,027,968 51,932,943 HealthSouth 287,434(b) 6,970,265 UnitedHealth Group 1,055,622 51,493,241 ------------ Total 164,439,296 ----------------------------------------------------------------------- HOUSEHOLD PRODUCTS (4.1%) Colgate-Palmolive 708,252 45,306,880 Procter & Gamble 1,198,085 75,946,609 Spectrum Brands 2,101,127(b) 20,422,954 ------------ Total 141,676,443 ----------------------------------------------------------------------- INDUSTRIAL CONGLOMERATES (1.9%) General Electric 1,885,572 66,202,433 ----------------------------------------------------------------------- INSURANCE (2.7%) ACE 360,351(c) 20,630,095 American Intl Group 951,708 63,926,226 Prudential Financial 137,312 10,563,412 ------------ Total 95,119,733 ----------------------------------------------------------------------- COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) INTERNET SOFTWARE & SERVICES (4.3%) Baidu.com ADR 40,961(b,c) $3,575,076 eBay 124,927(b) 4,013,905 Google Cl A 270,008(b,g) 128,629,111 Yahoo! 507,841(b) 13,376,532 ------------ Total 149,594,624 ----------------------------------------------------------------------- IT SERVICES (1.6%) BearingPoint 1,473,253(b) 12,272,197 Electronic Data Systems 860,211 21,789,145 First Data 945,046 22,917,366 ------------ Total 56,978,708 ----------------------------------------------------------------------- MACHINERY (0.2%) Flowserve 159,110(b) 8,432,830 ----------------------------------------------------------------------- MEDIA (12.9%) Cablevision Systems Cl A 379,907 10,557,616 Comcast Cl A 1,047,500(b,d) 42,601,825 Liberty Global Cl A 1,662,451(b) 43,622,714 Liberty Global Series C 674,505(b) 17,152,662 News Corp Cl A 1,067,043 22,247,847 NTL 10,346,262 279,659,461 Viacom Cl B 258,837(b) 10,073,936 Vivendi 632,519(c) 23,954,007 WorldSpace Cl A 419,274(b,d) 1,408,761 ------------ Total 451,278,829 ----------------------------------------------------------------------- METALS & MINING (1.0%) Coeur d'Alene Mines 4,180,885(b) 20,486,336 Newmont Mining 315,737 14,293,414 ------------ Total 34,779,750 ----------------------------------------------------------------------- MULTILINE RETAIL (0.1%) Federated Department Stores 70,749 3,106,589 ----------------------------------------------------------------------- OIL, GAS & CONSUMABLE FUELS (3.6%) Chevron 144,847 9,733,718 ConocoPhillips 139,108 8,379,866 Exxon Mobil 1,243,096 88,781,917 Kinder Morgan Management LLC --(b) 14 Total 267,595(c) 18,119,676 ------------ Total 125,015,191 ----------------------------------------------------------------------- See accompanying notes to investments in securities. -------------------------------------------------------------------------------- 1 RIVERSOURCE GROWTH FUND -- PORTFOLIO HOLDINGS AT OCT. 31, 2006 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) PHARMACEUTICALS (9.3%) AstraZeneca 758,512(c) $44,823,807 Bristol-Myers Squibb 1,479,576 36,619,506 Elan ADR 216,139(b,c) 3,129,693 Eli Lilly & Co 146,525 8,206,865 Johnson & Johnson 695,513 46,877,576 Merck & Co 668,908 30,381,801 Novartis ADR 167,811(c) 10,191,162 Pfizer 4,398,812 117,228,341 Schering-Plough 433,149 9,589,919 Teva Pharmaceutical Inds ADR 516,525(c) 17,029,829 ------------ Total 324,078,499 ----------------------------------------------------------------------- SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (3.2%) Advanced Micro Devices 198,458(b) 4,221,202 Freescale Semiconductor Cl A 2,245,369(b) 88,400,177 Freescale Semiconductor Cl B 304,402(b) 11,972,130 Intel 379,102 8,090,037 NVIDIA 1(b) 35 ------------ Total 112,683,581 ----------------------------------------------------------------------- COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) SOFTWARE (4.1%) Adobe Systems 47,510(b) $1,817,258 Business Objects ADR 428,037(b,c) 15,854,490 Citrix Systems 120,790(b) 3,566,929 Microsoft 3,088,749 88,677,983 Symantec 1,662,876(b) 32,991,460 ------------ Total 142,908,120 ----------------------------------------------------------------------- THRIFTS & MORTGAGE FINANCE (0.4%) Countrywide Financial 333,239 12,703,071 ----------------------------------------------------------------------- TOBACCO (2.7%) Altria Group 920,247 74,843,688 Imperial Tobacco Group ADR 268,384(c) 19,146,515 ------------ Total 93,990,203 ----------------------------------------------------------------------- WIRELESS TELECOMMUNICATION SERVICES (14.5%) ALLTEL 1,731,361 92,298,855 Hutchison Telecommunications Intl 15,164,210(b,c) 29,210,316 Orascom Telecom Holding GDR 510,760(c) 28,755,788 Sprint Nextel 11,654,513 217,822,848 Vodafone Group 49,728,820(c) 128,058,024 Vodafone Group ADR 443,565(c) 11,466,155 ------------ Total 507,611,986 ----------------------------------------------------------------------- TOTAL COMMON STOCKS (Cost: $3,049,049,161) $3,319,530,201 ----------------------------------------------------------------------- OPTIONS PURCHASED (0.2%) ISSUER CONTRACTS EXERCISE EXPIRATION VALUE(a) PRICE DATE PUTS Google Cl A 2,233 $380 Dec. 2006 $145,145 S&P 500 Index 18,439 123 Dec. 2006 138,293 S&P 500 Index 111,620 125 Dec. 2006 1,395,250 S&P 500 Index 3,447 1,275 Dec. 2006 620,460 S&P 500 Index 1,765 1,350 Mar. 2007 3,988,900 ----------------------------------------------------------------------- TOTAL OPTIONS PURCHASED (Cost: $43,222,681) $6,288,048 ----------------------------------------------------------------------- MONEY MARKET FUND (5.8%)(e) COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) RiverSource Short-Term Cash Fund 201,759,763(f) $201,759,763 ----------------------------------------------------------------------- TOTAL MONEY MARKET FUND (Cost: $201,759,763) $201,759,763 ----------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES (Cost: $3,294,031,605)(h) $3,527,578,012 ======================================================================= NOTES TO INVESTMENTS IN SECURITIES (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Annual Report dated July 31, 2006. (b) Non-income producing. (c) Foreign security values are stated in U.S. dollars. At Oct. 31, 2006, the value of foreign securities represented 11.0% of net assets. (d) At Oct. 31, 2006, security was partially or fully on loan. (e) Cash collateral received from security lending activity is invested in a money market fund and represents 0.3% of net assets. 5.5% of net assets is the Fund's cash equivalent position. (f) Affiliated Money Market Fund -- The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. (g) At Oct. 31, 2006, securities valued at $64,026,816 were held to cover open call options written as follows: EXERCISE EXPIRATION ISSUER CONTRACTS PRICE DATE VALUE(a) ------------------------------------------------------------------------- Google Cl A 1,344 $420 Dec. 2006 $8,258,880 (h) At Oct. 31, 2006, the cost of securities for federal income tax purposes was approximately $3,294,032,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $ 369,467,000 Unrealized depreciation (135,921,000) ------------------------------------------------------------------------ Net unrealized appreciation $ 233,546,000 ------------------------------------------------------------------------
The Global Industry Classification Standard (GICS) was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. HOW TO FIND INFORMATION ABOUT THE FUND'S PORTFOLIO HOLDINGS (i) The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (Commission) for the first and third quarters of each fiscal year on Form N-Q; (ii) The Fund's Forms N-Q are available on the Commission's website at http://www.sec.gov; (iii) The Fund's Forms N-Q may be reviewed and copied at the Commission's Public Reference Room in Washington, DC (information on the operations of the Public Reference Room may be obtained by calling 1-800-SEC-0330); and (iv) The Fund's complete schedule of portfolio holdings, as disclosed in its annual and semiannual shareholder reports and in its filings on Form N-Q, can be found at riversource.com/funds. -------------------------------------------------------------------------------- 2 RIVERSOURCE GROWTH FUND -- PORTFOLIO HOLDINGS AT OCT. 31, 2006 S-6455-80 F (12/06) PORTFOLIO HOLDINGS FOR RIVERSOURCE LARGE CAP EQUITY FUND AT OCT. 31, 2006 INVESTMENTS IN SECURITIES OCT. 31, 2006 (UNAUDITED) (Percentages represent value of investments compared to net assets)
COMMON STOCKS (95.5%) ISSUER SHARES VALUE(a) AEROSPACE & DEFENSE (3.2%) Boeing 863,592 $ 68,966,458 DRS Technologies 54,712 2,419,365 General Dynamics 99,393 7,066,842 Goodrich 390,383 17,211,986 Honeywell Intl 1,430,358 60,246,679 L-3 Communications Holdings 86,670 6,978,668 Lockheed Martin 332,612 28,913,961 Northrop Grumman 251,219 16,678,429 United Technologies 378,211 24,856,027 --------------- Total 233,338,415 ------------------------------------------------------------------------------ AIR FREIGHT & LOGISTICS (0.1%) United Parcel Service Cl B 62,285 4,693,175 ------------------------------------------------------------------------------ AIRLINES (--%) UAL 58,606(b) 2,106,300 ------------------------------------------------------------------------------ AUTO COMPONENTS (--%) Goodyear Tire & Rubber 35,011(b) 536,719 Johnson Controls 37,676 3,072,101 --------------- Total 3,608,820 ------------------------------------------------------------------------------ AUTOMOBILES (0.1%) Ford Motor 362,383 3,000,531 General Motors 108,967(e) 3,805,128 Harley-Davidson 1,107 75,973 --------------- Total 6,881,632 ------------------------------------------------------------------------------ BEVERAGES (1.6%) Anheuser-Busch Companies 148,096 7,022,712 Brown-Forman Cl B 15,505 1,119,306 Coca-Cola 790,111 36,913,986 Coca-Cola Enterprises 53,097 1,063,533 Constellation Brands Cl A 40,573(b) 1,115,352 Molson Coors Brewing Cl B 9,015 641,688 Pepsi Bottling Group 26,169 827,464 PepsiCo 1,113,419 70,635,301 --------------- Total 119,339,342 ------------------------------------------------------------------------------ COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) BIOTECHNOLOGY (2.4%) Amgen 971,615(b) $ 73,755,294 Biogen Idec 825,765(b) 39,306,414 Genentech 695,586(b,e) 57,942,314 Gilead Sciences 73,318(b) 5,051,610 MedImmune 57,939(b) 1,856,366 --------------- Total 177,911,998 ------------------------------------------------------------------------------ BUILDING PRODUCTS (0.1%) American Standard Companies 59,479 2,634,325 Masco 235,214(e) 6,503,667 --------------- Total 9,137,992 ------------------------------------------------------------------------------ CAPITAL MARKETS (2.8%) Bank of New York 282,696 9,716,262 Bear Stearns Companies 23,192 3,510,109 Charles Schwab 154,191 2,809,360 Franklin Resources 211,969 24,155,987 Goldman Sachs Group 83,167 15,784,265 KKR Private Equity Investors LP Unit 704,587(b) 15,324,767 Legg Mason 60,781 5,471,506 Lehman Brothers Holdings 432,327 33,652,334 Merrill Lynch & Co 452,761 39,580,366 Morgan Stanley 539,014 41,196,839 Nuveen Investments Cl A 11,652 574,444 State Street 177,955 11,430,050 --------------- Total 203,206,289 ------------------------------------------------------------------------------ CHEMICALS (1.0%) Air Products & Chemicals 42,449 2,957,422 Ashland 69,770 4,123,407 Dow Chemical 632,966 25,818,683 Eastman Chemical 112,420 6,848,626 Ecolab 34,419 1,560,902 EI du Pont de Nemours & Co 297,133 13,608,691 Hercules 22,378(b) 407,280 Intl Flavors & Fragrances 15,576 661,668 Monsanto 104,573 4,624,218 PPG Inds 31,822 2,176,625 Praxair 62,103 3,741,706 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) CHEMICALS (CONT.) Rohm & Haas 27,656 $ 1,433,134 RPM Intl 143,409 2,746,282 Sigma-Aldrich 12,787 960,432 --------------- Total 71,669,076 ------------------------------------------------------------------------------ COMMERCIAL BANKS (2.5%) AmSouth Bancorporation 65,974 1,993,734 BB&T 103,463 4,502,710 Comerica 31,251 1,818,496 Commerce Bancorp 108,166(e) 3,777,157 Compass Bancshares 24,928 1,402,449 Fifth Third Bancorp 107,480 4,283,078 First Horizon Natl 23,879 938,922 Huntington Bancshares 45,762 1,117,050 Industrial & Commercial Bank of China Series H 2,606,000(b,c) 1,166,160 M&T Bank 14,969 1,823,374 Natl City 116,529 4,340,705 North Fork Bancorporation 94,389 2,697,638 PNC Financial Services Group 212,757 14,899,373 Regions Financial 87,590 3,324,041 SunTrust Banks 70,282 5,551,575 US Bancorp 878,093 29,714,667 Wachovia 757,552 42,044,136 Wells Fargo & Co 1,576,580 57,214,088 Zions Bancorporation 20,552 1,652,381 --------------- Total 184,261,734 ------------------------------------------------------------------------------ COMMERCIAL SERVICES & SUPPLIES (0.2%) Allied Waste Inds 50,401(b) 612,372 Avery Dennison 65,228 4,118,495 Cintas 26,309 1,089,193 Equifax 15,129 575,356 Robert Half Intl 33,003 1,206,260 Waste Management 104,129 3,902,755 --------------- Total 11,504,431 ------------------------------------------------------------------------------
See accompanying notes to investments in securities. ------------------------------------------------------------------------------ 1 RIVERSOURCE LARGE CAP EQUITY FUND - PORTFOLIO HOLDINGS AT OCT. 31, 2006
COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) COMMUNICATIONS EQUIPMENT (2.8%) 3Com 2,393,360(b) $ 11,631,730 ADC Telecommunications 161,117(b) 2,305,584 Alcatel 44,493(c) 565,069 Cisco Systems 4,763,117(b) 114,934,013 Corning 406,648(b) 8,307,819 Juniper Networks 106,812(b) 1,839,303 Lucent Technologies 9,751,383(b) 23,695,861 Motorola 1,671,357 38,541,492 QUALCOMM 187,401 6,819,522 Sonus Networks 198,524(b) 1,038,281 --------------- Total 209,678,674 ------------------------------------------------------------------------------ COMPUTERS & PERIPHERALS (2.3%) Apple Computer 157,161(b) 12,742,614 Dell 474,063(b) 11,533,953 EMC 1,545,806(b) 18,936,124 Hewlett-Packard 1,816,155 70,357,844 Intl Business Machines 555,742 51,311,659 SanDisk 67,630(b) 3,253,003 --------------- Total 168,135,197 ------------------------------------------------------------------------------ CONSTRUCTION MATERIALS (--%) Vulcan Materials 18,589 1,514,632 ------------------------------------------------------------------------------ CONSUMER FINANCE (0.8%) American Express 404,588 23,389,232 Capital One Financial 365,220 28,972,902 SLM 78,995 3,845,477 --------------- Total 56,207,611 ------------------------------------------------------------------------------ CONTAINERS & PACKAGING (0.1%) Ball 20,076 834,961 Bemis 20,699 695,900 Pactiv 27,244(b) 840,205 Sealed Air 15,619 929,643 Temple-Inland 133,537 5,266,699 --------------- Total 8,567,408 ------------------------------------------------------------------------------ DISTRIBUTORS (--%) Genuine Parts 33,003 1,502,297 ------------------------------------------------------------------------------ DIVERSIFIED CONSUMER SERVICES (--%) Apollo Group Cl A 26,961(b) 996,479 ------------------------------------------------------------------------------ DIVERSIFIED FINANCIAL SERVICES (4.9%) Bank of America 2,584,532 139,228,739 Chicago Mercantile Exchange Holdings 6,853 3,433,353 CIT Group 38,306 1,993,827 Citigroup 2,568,645 128,843,233 Consumer Discretionary Select Sector SPDR Fund 59,072 2,198,069 Financial Select Sector SPDR Fund 203,129(e) 7,202,954 iShares Dow Jones US Healthcare Sector Index Fund 1 66 JPMorgan Chase & Co 1,591,070 75,480,361 Moody's 45,619 3,024,540 --------------- Total 361,405,142 ------------------------------------------------------------------------------ COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) DIVERSIFIED TELECOMMUNICATION SERVICES (2.8%) AT&T 595,963 $ 20,411,733 BellSouth 1,095,587 49,410,974 Chunghwa Telecom ADR 337,600(c) 6,174,699 Citizens Communications 205,424 3,011,516 Embarq 765,393 37,006,752 France Telecom 204,856(c) 5,321,084 Qwest Communications Intl 481,378(b) 4,154,292 Verizon Communications 1,673,694 61,926,677 Windstream 1,568,441 21,519,011 --------------- Total 208,936,738 ------------------------------------------------------------------------------ ELECTRIC UTILITIES (1.4%) Allegheny Energy 31,708(b) 1,364,395 American Electric Power 75,901 3,144,578 Edison Intl 62,769 2,789,454 Entergy 228,324 19,597,049 Exelon 481,424 29,838,660 FirstEnergy 63,544 3,739,564 FPL Group 152,388 7,771,788 Pinnacle West Capital 19,165 916,279 PPL 249,313 8,606,285 Progress Energy 48,809 2,245,214 Southern 587,587 21,388,167 --------------- Total 101,401,433 ------------------------------------------------------------------------------ ELECTRICAL EQUIPMENT (0.1%) Cooper Inds Cl A 17,356 1,552,494 Emerson Electric 75,406 6,364,267 Rockwell Automation 32,620 2,022,440 --------------- Total 9,939,201 ------------------------------------------------------------------------------ ELECTRONIC EQUIPMENT & INSTRUMENTS (0.1%) Agilent Technologies 71,445(b) 2,543,442 Flextronics Intl 335,084(b,c) 3,886,975 Tektronix 16,001 485,950 --------------- Total 6,916,367 ------------------------------------------------------------------------------ ENERGY EQUIPMENT & SERVICES (0.8%) Baker Hughes 130,781 9,030,428 BJ Services 377,233 11,377,347 Cameron Intl 95,796(b) 4,799,380 Halliburton 206,540 6,681,569 Natl Oilwell Varco 113,425(b) 6,850,870 TODCO 30,078(b) 1,026,562 Transocean 90,485(b) 6,563,782 Weatherford Intl 316,046(b) 12,983,170 --------------- Total 59,313,108 ------------------------------------------------------------------------------ FOOD & STAPLES RETAILING (1.4%) CVS 630,000 19,769,400 Safeway 1,265,244 37,147,563 SYSCO 119,161 4,168,252 Wal-Mart Stores 744,006 36,664,616 Whole Foods Market 27,199 1,736,384 --------------- Total 99,486,215 ------------------------------------------------------------------------------ FOOD PRODUCTS (1.3%) Archer-Daniels-Midland 126,327 4,863,590 Cadbury Schweppes 260,898(c) 2,625,174 Campbell Soup 175,171 6,547,892 ConAgra Foods 98,415 2,573,552 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) FOOD PRODUCTS (CONT.) Dean Foods 25,716(b) $ 1,077,243 General Mills 344,304 19,563,353 Hershey 82,054 4,341,477 HJ Heinz 63,861 2,692,380 Kellogg 796,255 40,059,589 Kraft Foods Cl A 79,418 2,731,979 McCormick & Co 25,399 949,923 Sara Lee 146,442 2,504,158 Tyson Foods Cl A 49,751 718,902 WM Wrigley Jr 42,239 2,194,316 --------------- Total 93,443,528 ------------------------------------------------------------------------------ GAS UTILITIES (0.1%) Nicor 8,793 404,126 ONEOK 167,067 6,955,000 Peoples Energy 7,596 331,869 --------------- Total 7,690,995 ------------------------------------------------------------------------------ HEALTH CARE EQUIPMENT & SUPPLIES (1.5%) Bausch & Lomb 51,435 2,753,830 Baxter Intl 125,140 5,752,686 Boston Scientific 4,817,918(b) 76,653,075 Medtronic 464,026 22,588,786 St. Jude Medical 97,993(b) 3,366,060 Stryker 10,187 532,678 --------------- Total 111,647,115 ------------------------------------------------------------------------------ HEALTH CARE PROVIDERS & SERVICES (2.7%) Aetna 340,929 14,053,093 Brookdale Senior Living 28,653 1,378,782 Cardinal Health 780,740 51,099,433 Caremark Rx 82,246 4,048,971 CIGNA 130,267 15,238,634 Coventry Health Care 30,612(b) 1,437,233 Express Scripts 26,539(b) 1,691,065 HCA 801,661 40,499,914 Health Management Associates Cl A 46,291 911,933 HealthSouth 201,517(b,e) 4,886,792 Humana 31,801(b) 1,908,060 Laboratory Corp of America Holdings 24,121(b) 1,652,047 Manor Care 14,545 698,015 McKesson 57,668 2,888,590 Patterson Companies 26,770(b) 879,395 Quest Diagnostics 31,143 1,549,053 Tenet Healthcare 93,062(b) 657,018 UnitedHealth Group 1,082,574 52,807,959 --------------- Total 198,285,987 ------------------------------------------------------------------------------ HEALTH CARE TECHNOLOGY (--%) IMS Health 38,823 1,081,221 ------------------------------------------------------------------------------ HOTELS, RESTAURANTS & LEISURE (0.7%) Applebee's Intl 222,504 5,077,541 Carnival Unit 107,542 5,250,200 Chipotle Mexican Grill Cl A 4,900(b) 293,510 Chipotle Mexican Grill Cl B 18,973(b) 1,108,018 Harrah's Entertainment 48,937 3,637,487 Intl Game Technology 30,386 1,291,709 Marriott Intl Cl A 373,781 15,612,833 McDonald's 278,624 11,679,919
See accompanying notes to investments in securities. ------------------------------------------------------------------------------ 2 RIVERSOURCE LARGE CAP EQUITY FUND - PORTFOLIO HOLDINGS AT OCT. 31, 2006
COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) HOTELS, RESTAURANTS & LEISURE (CONT.) Orient-Express Hotels Series A 37,599(c) $ 1,483,281 Pinnacle Entertainment 53,032(b) 1,604,748 Starbucks 64,711(b) 2,442,840 Yum! Brands 17,179 1,021,463 --------------- Total 50,503,549 ------------------------------------------------------------------------------ HOUSEHOLD DURABLES (0.3%) Centex 22,834 1,194,218 DR Horton 254,052 5,952,438 Fortune Brands 29,057 2,235,936 Harman Intl Inds 12,555 1,285,004 Hovnanian Enterprises Cl A 119,569(b) 3,688,704 KB HOME 15,658 703,671 Leggett & Platt 34,804 812,673 Lennar Cl A 26,664 1,266,007 Newell Rubbermaid 53,346 1,535,298 Pulte Homes 40,779 1,263,741 Snap-On 11,463 539,105 Stanley Works 15,590 742,864 Whirlpool 15,069 1,309,948 --------------- Total 22,529,607 ------------------------------------------------------------------------------ HOUSEHOLD PRODUCTS (2.5%) Clorox 29,122 1,880,116 Colgate-Palmolive 743,324 47,550,436 Kimberly-Clark 88,274 5,871,986 Procter & Gamble 1,597,566 101,269,709 Spectrum Brands 2,607,616(b,e) 25,346,028 --------------- Total 181,918,275 ------------------------------------------------------------------------------ INDEPENDENT POWER PRODUCERS & ENERGY TRADERS (0.1%) AES 127,427(b) 2,802,120 Constellation Energy Group 34,612 2,159,789 Dynegy Cl A 74,684(b) 454,079 TXU 88,885 5,611,309 --------------- Total 11,027,297 ------------------------------------------------------------------------------ INDUSTRIAL CONGLOMERATES (2.8%) 3M 191,536 15,100,698 General Electric 5,118,539 179,711,904 Tyco Intl 362,216(c) 10,660,017 --------------- Total 205,472,619 ------------------------------------------------------------------------------ INSURANCE (4.7%) ACE 837,836(c) 47,966,111 AFLAC 311,284 13,982,877 Allied World Assurance Holdings 99,545(b,c) 4,156,999 American Intl Group 2,465,742 165,623,891 Aon 331,496 11,532,746 Arch Capital Group 102,455(b,c) 6,586,832 Aspen Insurance Holdings 353,787(c) 8,780,993 Chubb 136,050 7,231,058 Endurance Specialty Holdings 135,893(c) 4,844,585 Hartford Financial Services Group 330,651 28,822,848 Max Re Capital 497,287(c) 11,576,841 Natl Financial Partners 15,821 623,347 Prudential Financial 346,646 26,667,477 XL Capital Cl A 75,543(c) 5,329,559 --------------- Total 343,726,164 ------------------------------------------------------------------------------ COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) INTERNET & CATALOG RETAIL (0.1%) Amazon.com 60,186(b) $ 2,292,485 Liberty Media - Interactive Cl A 316,969(b,h) 6,995,506 --------------- Total 9,287,991 ------------------------------------------------------------------------------ INTERNET SOFTWARE & SERVICES (1.9%) Baidu.com ADR 28,736(b,c) 2,508,078 eBay 314,165(b) 10,094,121 Google Cl A 229,945(b,i) 109,543,499 Yahoo! 594,777(b) 15,666,426 --------------- Total 137,812,124 ------------------------------------------------------------------------------ IT SERVICES (1.3%) Affiliated Computer Services Cl A 194,649(b) 10,409,829 Automatic Data Processing 359,667 17,781,936 BearingPoint 1,109,206(b) 9,239,686 Electronic Data Systems 1,032,622 26,156,315 First Data 947,960 22,988,030 Fiserv 6,384(b) 315,370 Ness Technologies 106,922(b,c) 1,580,307 Paychex 66,645 2,631,145 Satyam Computer Services ADR 63,900(c,e) 1,412,829 Unisys 67,596(b) 442,078 Western Union 69,389(b) 1,530,027 --------------- Total 94,487,552 ------------------------------------------------------------------------------ LEISURE EQUIPMENT & PRODUCTS (0.1%) Eastman Kodak 55,340 1,350,296 Mattel 134,222 3,037,444 --------------- Total 4,387,740 ------------------------------------------------------------------------------ LIFE SCIENCES TOOLS & SERVICES (0.1%) Fisher Scientific Intl 23,969(b) 2,052,226 PerkinElmer 238,862 5,102,092 --------------- Total 7,154,318 ------------------------------------------------------------------------------ MACHINERY (0.9%) Caterpillar 331,476 20,123,908 Danaher 45,971 3,299,339 Deere & Co 123,381 10,503,425 Dover 40,196 1,909,310 Flowserve 158,337(b) 8,391,861 Illinois Tool Works 57,059 2,734,838 Ingersoll-Rand Cl A 65,919(c) 2,419,886 ITT 68,752 3,739,421 Navistar Intl 12,606(b) 349,564 Parker Hannifin 135,722 11,350,431 --------------- Total 64,821,983 ------------------------------------------------------------------------------ MEDIA (7.8%) Cablevision Systems Cl A 336,508 9,351,557 CBS Cl B 762 22,052 Clear Channel Communications 83,306 2,903,214 Comcast Cl A 1,165,258(b) 47,391,043 Comcast Special Cl A 578,680(b) 23,424,966 EchoStar Communications Cl A 179,927(b) 6,391,007 Liberty Global Cl A 1,260,969(b) 33,087,827 Liberty Global Series C 553,234(b) 14,068,741 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) MEDIA (CONT.) Liberty Media - Capital Series A 63,390(b,h) $ 5,645,513 News Corp Cl A 3,580,924 74,662,265 NTL 8,676,803 234,533,985 Time Warner 1,564,243 31,300,502 Viacom Cl B 957,267(b) 37,256,832 Vivendi 1,242,799(c) 47,065,805 Walt Disney 519,756(e) 16,351,524 WorldSpace Cl A 293,619(b,e) 986,560 --------------- Total 584,443,393 ------------------------------------------------------------------------------ METALS & MINING (0.7%) Alcan 39,844(c) 1,877,051 Alcoa 264,723 7,653,142 Allegheny Technologies 19,379 1,525,709 Coeur d'Alene Mines 2,928,568(b) 14,349,983 Freeport-McMoRan Copper & Gold Cl B 37,988 2,297,514 Newmont Mining 307,744 13,931,571 Nucor 59,398 3,469,437 Phelps Dodge 39,298 3,944,733 United States Steel 23,710 1,602,796 --------------- Total 50,651,936 ------------------------------------------------------------------------------ MULTILINE RETAIL (1.1%) Dollar General 59,954 841,155 Federated Department Stores 314,010 13,788,179 JC Penney 243,441 18,314,066 Kohl's 64,701(b) 4,567,891 Target 755,490 44,709,898 --------------- Total 82,221,189 ------------------------------------------------------------------------------ MULTI-UTILITIES (0.8%) Ameren 39,662 2,145,714 CenterPoint Energy 60,064 929,791 CMS Energy 43,754(b) 651,497 Consolidated Edison 47,483 2,295,803 Dominion Resources 332,173 26,902,691 DTE Energy 34,246 1,555,796 Duke Energy 241,396 7,637,769 KeySpan 33,720 1,368,358 NiSource 52,557 1,223,001 PG&E 67,056 2,892,796 Public Service Enterprise Group 48,495 2,960,620 Sempra Energy 50,323 2,669,132 TECO Energy 41,247 680,163 Xcel Energy 337,897 7,457,387 --------------- Total 61,370,518 ------------------------------------------------------------------------------ OIL, GAS & CONSUMABLE FUELS (7.2%) Anadarko Petroleum 151,337 7,025,064 BP ADR 37,385(c) 2,508,534 Chesapeake Energy 422,239 13,697,433 Chevron 1,323,142 88,915,142 ConocoPhillips 1,212,416 73,035,940 CONSOL Energy 35,692 1,263,140 Devon Energy 107,916 7,213,105 El Paso 126,242 1,729,515 Exxon Mobil 3,671,489 262,217,745
See accompanying notes to investments in securities. ------------------------------------------------------------------------------ 3 RIVERSOURCE LARGE CAP EQUITY FUND - PORTFOLIO HOLDINGS AT OCT. 31, 2006
COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) OIL, GAS & CONSUMABLE FUELS (CONT.) Kinder Morgan 20,469 $ 2,151,292 Newfield Exploration 199,651(b) 8,143,764 Occidental Petroleum 246,180 11,555,689 Royal Dutch Shell ADR 56,441(c,e) 3,929,422 Sunoco 39,768 2,629,858 Total 389,238(c) 26,356,496 Valero Energy 145,941 7,637,093 Williams Companies 112,222 2,741,583 XTO Energy 99,552 4,645,096 --------------- Total 527,395,911 ------------------------------------------------------------------------------ PAPER & FOREST PRODUCTS (0.4%) Bowater 261,230 5,462,319 Intl Paper 321,230 10,713,021 Louisiana-Pacific 20,776 410,949 MeadWestvaco 34,904 960,558 Weyerhaeuser 210,294 13,372,596 --------------- Total 30,919,443 ------------------------------------------------------------------------------ PERSONAL PRODUCTS (0.1%) Alberto-Culver 15,409 782,931 Avon Products 86,247 2,622,771 Estee Lauder Companies Cl A 24,889 1,005,267 --------------- Total 4,410,969 ------------------------------------------------------------------------------ PHARMACEUTICALS (6.7%) AstraZeneca 573,286(c) 33,877,989 Bristol-Myers Squibb 2,368,178 58,612,407 Elan ADR 151,363(b,c) 2,191,736 Eli Lilly & Co 415,322 23,262,185 GlaxoSmithKline ADR 83,077(c) 4,423,850 Johnson & Johnson 701,630 47,289,862 Merck & Co 1,184,441 53,797,310 Novartis ADR 393,321(c) 23,886,384 Pfizer 6,617,817 176,364,824 Roche Holding 31,006(c) 5,426,050 Schering-Plough 1,113,718(g) 24,657,717 Teva Pharmaceutical Inds ADR 500,120(c) 16,488,956 Watson Pharmaceuticals 252,451(b) 6,793,456 Wyeth 326,944 16,683,952 --------------- Total 493,756,678 ------------------------------------------------------------------------------ REAL ESTATE INVESTMENT TRUSTS (REITS) (0.5%) Apartment Investment & Management Cl A 106,282 6,092,084 Archstone-Smith Trust 41,276 2,485,228 Boston Properties 22,019 2,352,290 Equity Office Properties Trust 235,066 9,990,305 Equity Residential 56,053 3,061,054 HomeBanc 704,394 3,698,069 Kimco Realty 41,726 1,853,886 Plum Creek Timber 34,527 1,240,900 ProLogis 47,222 2,987,736 Public Storage 23,360 2,095,626 Vornado Realty Trust 23,480 2,799,990 --------------- Total 38,657,168 ------------------------------------------------------------------------------ COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) ROAD & RAIL (0.1%) Avis Budget Group 5,601 $ 110,852 CSX 103,950 3,707,897 Norfolk Southern 110,815 5,825,544 --------------- Total 9,644,293 ------------------------------------------------------------------------------ SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (2.5%) Advanced Micro Devices 558,381(b) 11,876,764 Agere Systems 151,697(b) 2,575,815 ASML Holding 48,671(b,c) 1,111,646 Broadcom Cl A 257,789(b) 7,803,273 Credence Systems 172,282(b) 554,748 Cypress Semiconductor 399,111(b) 6,701,074 Freescale Semiconductor Cl A 1,874,883(b) 73,814,143 Freescale Semiconductor Cl B 407,641(b) 16,032,521 Infineon Technologies 230,565(b,c) 2,807,558 Infineon Technologies ADR 352,390(b,c) 4,285,062 Intel 1,873,273 39,975,645 LSI Logic 86,072(b) 865,024 Maxim Integrated Products 108,757 3,263,798 NVIDIA 67,584(b) 2,356,654 Texas Instruments 234,933 7,090,278 Verigy 8,747(b,c) 146,956 --------------- Total 181,260,959 ------------------------------------------------------------------------------ SOFTWARE (3.3%) Adobe Systems 202,971(b) 7,763,641 BEA Systems 74,587(b) 1,213,530 Business Objects ADR 384,828(b,c) 14,254,029 Cadence Design Systems 622,845(b) 11,124,012 Citrix Systems 263,673(b) 7,786,264 Cognos 82,858(b,c) 3,022,660 Compuware 634,283(b) 5,099,635 Electronic Arts 28,471(b) 1,505,831 McAfee 50,281(b) 1,454,629 Mercury Interactive 131,786(b) 6,844,965 Microsoft 4,566,805 131,112,972 Oracle 708,469(b) 13,085,422 Symantec 1,694,505(b) 33,618,979 TIBCO Software 790,347(b) 7,310,710 --------------- Total 245,197,279 ------------------------------------------------------------------------------ SPECIALTY RETAIL (0.8%) AutoNation 30,280(b) 607,114 AutoZone 10,163(b) 1,138,256 Circuit City Stores 11,499 310,243 Gap 433,996 9,122,596 Home Depot 539,297 20,131,957 Lowe's Companies 376,948 11,361,213 Office Depot 54,574(b) 2,291,562 OfficeMax 14,724 700,568 RadioShack 26,797 478,058 Ross Stores 46,318 1,363,139 Sherwin-Williams 21,709 1,285,824 Staples 139,962 3,609,620 Tiffany & Co 84,239 3,009,017 TJX Companies 172,777 5,001,894 --------------- Total 60,411,061 ------------------------------------------------------------------------------ COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) TEXTILES, APPAREL & LUXURY GOODS (0.1%) Jones Apparel Group 22,278 $ 744,085 Liz Claiborne 19,876 838,171 Nike Cl B 36,902 3,390,556 VF 17,097 1,299,543 --------------- Total 6,272,355 ------------------------------------------------------------------------------ THRIFTS & MORTGAGE FINANCE (1.8%) Countrywide Financial 1,678,801 63,995,895 Fannie Mae 570,835 33,827,682 Freddie Mac 422,468 29,146,067 Washington Mutual 92,701 3,921,252 --------------- Total 130,890,896 ------------------------------------------------------------------------------ TOBACCO (2.1%) Altria Group 1,648,355 134,060,712 Imperial Tobacco Group ADR 187,950(c) 13,408,353 Reynolds American 33,024 2,085,796 UST 30,984 1,659,503 --------------- Total 151,214,364 ------------------------------------------------------------------------------ WIRELESS TELECOMMUNICATION SERVICES (6.9%) ALLTEL 1,926,980 102,727,304 Hutchison Telecommunications Intl 11,894,790(b,c) 22,912,541 Orascom Telecom Holding GDR 357,508(c) 20,127,700 Sprint Nextel 12,342,786 230,686,669 Vodafone Group 43,179,431(c) 111,192,516 Vodafone Group ADR 696,681(c) 18,009,204 --------------- Total 505,655,934 ------------------------------------------------------------------------------ TOTAL COMMON STOCKS (Cost: $6,354,204,502) $ 7,031,312,117 ------------------------------------------------------------------------------ OPTIONS PURCHASED (0.1%) EXERCISE EXPIRATION ISSUER CONTRACTS PRICE DATE VALUE(a) PUTS Google Cl A 1,670 $ 380 Dec. 2006 $ 108,550 S&P 500 Index 8,622 123 Dec. 2006 64,665 S&P 500 Index 84,207 125 Dec. 2006 1,052,588 S&P 500 Index 1,278 1,350 Mar. 2007 2,888,280 ------------------------------------------------------------------------------ TOTAL OPTIONS PURCHASED (Cost: $26,339,620) $ 4,114,083 ------------------------------------------------------------------------------ MONEY MARKET FUND (5.3%)(f) SHARES VALUE(a) RiverSource Short-Term Cash Fund 390,376,914(d) $ 390,376,914 ------------------------------------------------------------------------------ TOTAL MONEY MARKET FUND (Cost: $390,376,914) $ 390,376,914 ------------------------------------------------------------------------------ TOTAL INVESTMENTS IN SECURITIES (Cost: $6,770,921,036)(j) $ 7,425,803,114 ============================================================================== See accompanying notes to investments in securities. ------------------------------------------------------------------------------ 4 RIVERSOURCE LARGE CAP EQUITY FUND - PORTFOLIO HOLDINGS AT OCT. 31, 2006 NOTES TO INVESTMENTS IN SECURITIES (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Annual Report dated July 31, 2006. (b) Non-income producing. (c) Foreign security values are stated in U.S. dollars. At Oct. 31, 2006, the value of foreign securities represented 6.9% of net assets. (d) Affiliated Money Market Fund - The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. (e) At Oct. 31, 2006, security was partially or fully on loan. (f) Cash collateral received from security lending activity is invested in a money market fund and represents 0.5% of net assets. 4.8% of net assets is the Fund's cash equivalent position. (g) Partially pledged as initial margin deposit on the following open stock index futures contracts: TYPE OF SECURITY CONTRACTS ------------------------------------------------------------------------ PURCHASE CONTRACTS S&P 500 Index, Dec. 2006 159 (h) Shareholders of tracking stocks have a financial interest only in a unit or division of the company. Unlike the common stock of the company itself, a tracking stock usually has limited or no voting rights. In the event of a company's liquidation, tracking stock shareholders typically do not have a legal claim on the company's assets. (i) At Oct. 31, 2006, securities valued at $49,544,560 were held to cover open call options written as follows: EXERCISE EXPIRATION ISSUER CONTRACTS PRICE DATE VALUE(a) ------------------------------------------------------------------------ Google Cl A 1,040 $420 Dec. 2006 $6,390,800 (j) At Oct. 31, 2006, the cost of securities for federal income tax purposes was approximately $6,770,921,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $ 781,521,000 Unrealized depreciation (126,639,000) ------------------------------------------------------------------------ Net unrealized appreciation $ 654,882,000 ------------------------------------------------------------------------
The Global Industry Classification Standard (GICS) was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. HOW TO FIND INFORMATION ABOUT THE FUND'S PORTFOLIO HOLDINGS (i) The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (Commission) for the first and third quarters of each fiscal year on Form N-Q; (ii) The Fund's Forms N-Q are available on the Commission's website at http://www.sec.gov; (iii) The Fund's Forms N-Q may be reviewed and copied at the Commission's Public Reference Room in Washington, DC (information on the operations of the Public Reference Room may be obtained by calling 1-800-SEC-0330); and (iv) The Fund's complete schedule of portfolio holdings, as disclosed in its annual and semiannual shareholder reports and in its filings on Form N-Q, can be found at riversource.com/funds. ------------------------------------------------------------------------------ 5 RIVERSOURCE LARGE CAP EQUITY FUND - PORTFOLIO HOLDINGS AT OCT. 31, 2006 S-6244-80 F (12/06) PORTFOLIO HOLDINGS FOR RIVERSOURCE LARGE CAP VALUE FUND AT OCT. 31, 2006 INVESTMENTS IN SECURITIES OCT. 31, 2006 (UNAUDITED) (Percentages represent value of investments compared to net assets)
COMMON STOCKS (96.2%) ISSUER SHARES VALUE(a) AEROSPACE & DEFENSE (3.9%) Boeing 5,658 $ 451,848 DRS Technologies 2,227 98,478 General Dynamics 4,036 286,960 Goodrich 9,088 400,690 Honeywell Intl 21,611 910,255 L-3 Communications Holdings 1,260 101,455 Lockheed Martin 7,539 655,365 Northrop Grumman 10,227 678,971 United Technologies 5,277 346,804 --------------- Total 3,930,826 ------------------------------------------------------------------------------ BEVERAGES (0.9%) Coca-Cola 6,277 293,261 PepsiCo 9,006 571,341 --------------- Total 864,602 ------------------------------------------------------------------------------ BIOTECHNOLOGY (0.3%) Amgen 1,372(b) 104,149 Biogen Idec 3,096(b) 147,369 --------------- Total 251,518 ------------------------------------------------------------------------------ BUILDING PRODUCTS (0.4%) American Standard Companies 2,421 107,226 Masco 9,576 264,776 --------------- Total 372,002 ------------------------------------------------------------------------------ CAPITAL MARKETS (4.2%) Bank of New York 11,647 400,307 Franklin Resources 2,243 255,612 KKR Private Equity Investors LP Unit 6,910(b) 150,293 Legg Mason 995 89,570 Lehman Brothers Holdings 13,418 1,044,457 Merrill Lynch & Co 11,506 1,005,855 Morgan Stanley 13,568 1,037,002 State Street 3,400 218,382 --------------- Total 4,201,478 ------------------------------------------------------------------------------ COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) CHEMICALS (1.5%) Ashland 2,338 $ 138,176 Dow Chemical 18,189 741,928 Eastman Chemical 3,931 239,477 EI du Pont de Nemours & Co 4,860 222,588 RPM Intl 5,838 111,798 --------------- Total 1,453,967 ------------------------------------------------------------------------------ COMMERCIAL BANKS (3.6%) Commerce Bancorp 2,940 102,665 Industrial and Commercial Bank of China Series H 53,000(b,c) 23,717 PNC Financial Services Group 6,352 444,831 US Bancorp 21,784 737,171 Wachovia 15,826 878,343 Wells Fargo & Co 37,812 1,372,196 --------------- Total 3,558,923 ------------------------------------------------------------------------------ COMMERCIAL SERVICES & SUPPLIES (0.2%) Avery Dennison 2,656 167,700 ------------------------------------------------------------------------------ COMMUNICATIONS EQUIPMENT (1.2%) 3Com 29,978(b) 145,693 ADC Telecommunications 3,412(b) 48,826 Alcatel 1,757(c) 22,314 Cisco Systems 18,065(b) 435,908 Corning 2,248(b) 45,927 Lucent Technologies 80,981(b) 196,784 Motorola 13,679 315,438 --------------- Total 1,210,890 ------------------------------------------------------------------------------ COMPUTERS & PERIPHERALS (2.3%) EMC 18,823(b) 230,582 Hewlett-Packard 25,268 978,882 Intl Business Machines 11,348 1,047,761 --------------- Total 2,257,225 ------------------------------------------------------------------------------ CONSUMER FINANCE (1.4%) American Express 6,943 401,375 Capital One Financial 12,464 988,769 --------------- Total 1,390,144 ------------------------------------------------------------------------------ CONTAINERS & PACKAGING (0.2%) Temple-Inland 4,576 180,477 ------------------------------------------------------------------------------ COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) DIVERSIFIED FINANCIAL SERVICES (8.9%) Bank of America 71,130 $ 3,831,774 Citigroup 65,866 3,303,839 JPMorgan Chase & Co 37,587 1,783,127 --------------- Total 8,918,740 ------------------------------------------------------------------------------ DIVERSIFIED TELECOMMUNICATION SERVICES (5.0%) AT&T 18,215 623,864 BellSouth 38,058 1,716,416 Chunghwa Telecom ADR 11,652(c) 213,123 Citizens Communications 8,363 122,602 Embarq 4,105 198,477 Verizon Communications 50,750 1,877,750 Windstream 15,813 216,954 --------------- Total 4,969,186 ------------------------------------------------------------------------------ ELECTRIC UTILITIES (2.6%) Entergy 7,661 657,544 Exelon 14,348 889,289 FPL Group 3,032 154,632 PPL 7,151 246,853 Southern 18,071 657,784 --------------- Total 2,606,102 ------------------------------------------------------------------------------ ELECTRONIC EQUIPMENT & INSTRUMENTS (0.1%) Flextronics Intl 9,370(b,c) 108,692 ------------------------------------------------------------------------------ ENERGY EQUIPMENT & SERVICES (1.5%) Baker Hughes 1,420 98,051 BJ Services 6,461 194,864 Cameron Intl 3,900(b) 195,390 Halliburton 8,428 272,646 Natl Oilwell Varco 1,539(b) 92,956 TODCO 1,224(b) 41,775 Transocean 2,821(b) 204,635 Weatherford Intl 8,746(b) 359,285 --------------- Total 1,459,602 ------------------------------------------------------------------------------ FOOD & STAPLES RETAILING (1.4%) CVS 10,101 316,969 Safeway 13,585 398,856 Wal-Mart Stores 13,159 648,476 --------------- Total 1,364,301 ------------------------------------------------------------------------------
See accompanying notes to investments in securities. ------------------------------------------------------------------------------ 1 RIVERSOURCE LARGE CAP VALUE FUND - PORTFOLIO HOLDINGS AT OCT. 31, 2006
COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) FOOD PRODUCTS (1.5%) Cadbury Schweppes 10,634(c) $ 107,000 Campbell Soup 5,179 193,591 General Mills 7,410 421,036 Hershey 1,963 103,862 Kellogg 11,373 572,176 Kraft Foods Cl A 3,233 111,215 --------------- Total 1,508,880 ------------------------------------------------------------------------------ GAS UTILITIES (0.3%) ONEOK 6,791 282,709 ------------------------------------------------------------------------------ HEALTH CARE EQUIPMENT & SUPPLIES (0.9%) Bausch & Lomb 2,094 112,113 Baxter Intl 5,080 233,528 Boston Scientific 37,249(b) 592,631 --------------- Total 938,272 ------------------------------------------------------------------------------ HEALTH CARE PROVIDERS & SERVICES (1.5%) Aetna 9,575 394,682 Brookdale Senior Living 1,164 56,012 Cardinal Health 6,956 455,269 CIGNA 3,365 393,638 UnitedHealth Group 3,409 166,291 --------------- Total 1,465,892 ------------------------------------------------------------------------------ HOTELS, RESTAURANTS & LEISURE (0.8%) Applebee's Intl 4,263 97,282 Carnival Unit 1,240 60,537 Chipotle Mexican Grill Cl B 436(b) 25,460 Marriott Intl Cl A 8,111 338,796 McDonald's 6,513 273,025 --------------- Total 795,100 ------------------------------------------------------------------------------ HOUSEHOLD DURABLES (0.3%) DR Horton 8,198 192,079 Hovnanian Enterprises Cl A 4,854(b) 149,746 --------------- Total 341,825 ------------------------------------------------------------------------------ HOUSEHOLD PRODUCTS (1.2%) Colgate-Palmolive 6,019 385,035 Procter & Gamble 5,977 378,882 Spectrum Brands 46,089(b) 447,986 --------------- Total 1,211,903 ------------------------------------------------------------------------------ INDUSTRIAL CONGLOMERATES (2.8%) 3M 5,449 429,599 General Electric 54,427 1,910,932 Tyco Intl 14,748(c) 434,034 --------------- Total 2,774,565 ------------------------------------------------------------------------------ INSURANCE (6.8%) ACE 14,843(c) 849,762 AFLAC 5,610 252,001 Allied World Assurance Holdings 3,007(b,c) 125,572 American Intl Group 44,234 2,971,199 Aon 8,762 304,830 Arch Capital Group 1,689(b,c) 108,586 Aspen Insurance Holdings 6,479(c) 160,809 Chubb 5,539 294,398 Endurance Specialty Holdings 4,789(c) 170,728 Hartford Financial Services Group 8,796 766,747 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) INSURANCE (CONT.) Max Re Capital 6,933(c) $ 161,400 Prudential Financial 4,690 360,802 XL Capital Cl A 3,075(c) 216,941 --------------- Total 6,743,775 ------------------------------------------------------------------------------ INTERNET & CATALOG RETAIL (0.3%) Liberty Media - Interactive Cl A 12,904(b,d) 284,791 ------------------------------------------------------------------------------ IT SERVICES (1.2%) Affiliated Computer Services Cl A 5,726(b) 306,226 Automatic Data Processing 7,695 380,441 Electronic Data Systems 12,196 308,925 First Data 6,797 164,827 --------------- Total 1,160,419 ------------------------------------------------------------------------------ LEISURE EQUIPMENT & PRODUCTS (0.1%) Mattel 5,464 123,650 ------------------------------------------------------------------------------ LIFE SCIENCES TOOLS & SERVICES (--%) PerkinElmer 2,246 47,975 ------------------------------------------------------------------------------ MACHINERY (1.3%) Caterpillar 6,381 387,390 Deere & Co 2,829 240,832 Flowserve 859(b) 45,527 Illinois Tool Works 2,317 111,054 Ingersoll-Rand Cl A 2,676(c) 98,236 ITT 2,799 152,238 Parker Hannifin 2,587 216,351 --------------- Total 1,251,628 ------------------------------------------------------------------------------ MEDIA (6.8%) Cablevision Systems Cl A 1,918 53,301 Clear Channel Communications 1,544 53,808 Comcast Cl A 16,175(b) 657,837 Comcast Special Cl A 23,584(b) 954,680 EchoStar Communications Cl A 6,388(b) 226,902 Liberty Global Cl A 3,962(b) 103,963 Liberty Global Series C 3,342(b) 84,987 Liberty Media - Capital Series A 2,581(b,d) 229,864 News Corp Cl A 42,780 891,963 NTL 36,671 991,218 Time Warner 44,050 881,441 Viacom Cl B 18,911(b) 736,016 Vivendi 11,259(c) 426,387 Walt Disney 14,825 466,395 --------------- Total 6,758,762 ------------------------------------------------------------------------------ METALS & MINING (0.2%) Alcan 1,622(c) 76,412 Alcoa 3,978 115,004 --------------- Total 191,416 ------------------------------------------------------------------------------ MULTILINE RETAIL (1.4%) Federated Department Stores 4,815 211,427 JC Penney 4,391 330,335 Target 13,590 804,256 --------------- Total 1,346,018 ------------------------------------------------------------------------------ COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) MULTI-UTILITIES (1.1%) Dominion Resources 10,755 $ 871,047 Xcel Energy 10,572 233,324 --------------- Total 1,104,371 ------------------------------------------------------------------------------ OIL, GAS & CONSUMABLE FUELS (9.6%) Anadarko Petroleum 6,161 285,994 BP ADR 1,520(c) 101,992 Chesapeake Energy 9,826 318,755 Chevron 28,218 1,896,250 ConocoPhillips 30,392 1,830,814 Devon Energy 4,386 293,160 Exxon Mobil 58,597 4,184,998 Newfield Exploration 3,753(b) 153,085 Royal Dutch Shell ADR 2,295(c) 159,778 Total 4,647(c) 314,663 XTO Energy 2,246 104,798 --------------- Total 9,644,287 ------------------------------------------------------------------------------ PAPER & FOREST PRODUCTS (1.0%) Bowater 10,619 222,043 Intl Paper 9,512 317,225 Weyerhaeuser 6,630 421,602 --------------- Total 960,870 ------------------------------------------------------------------------------ PHARMACEUTICALS (4.5%) Bristol-Myers Squibb 31,510 779,873 GlaxoSmithKline ADR 3,378(c) 179,879 Merck & Co 12,407 563,526 Novartis ADR 5,832(c) 354,177 Pfizer 72,841 1,941,212 Schering-Plough 16,599 367,502 Watson Pharmaceuticals 5,508(b) 148,220 Wyeth 3,363 171,614 --------------- Total 4,506,003 ------------------------------------------------------------------------------ REAL ESTATE INVESTMENT TRUSTS (REITS) (0.6%) Apartment Investment & Management Cl A 3,563 204,231 Equity Office Properties Trust 9,569 406,682 HomeBanc 6,314 33,149 --------------- Total 644,062 ------------------------------------------------------------------------------ SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (1.9%) Advanced Micro Devices 9,985(b) 212,381 Agere Systems 6,175(b) 104,852 Broadcom Cl A 3,498(b) 105,884 Credence Systems 6,852(b) 22,063 Cypress Semiconductor 16,248(b) 272,804 Freescale Semiconductor Cl A 10,502(b) 413,464 Freescale Semiconductor Cl B 2,498(b) 98,246 Infineon Technologies 4,098(b,c) 49,901 Infineon Technologies ADR 14,327(b,c) 174,216 Intel 18,979 405,012 --------------- Total 1,858,823 ------------------------------------------------------------------------------ SOFTWARE (2.4%) Cadence Design Systems 25,338(b) 452,537 Cognos 1,423(b,c) 51,911 Compuware 25,821(b) 207,601 McAfee 2,047(b) 59,220 Microsoft 36,931 1,060,288
See accompanying notes to investments in securities. ------------------------------------------------------------------------------ 2 RIVERSOURCE LARGE CAP VALUE FUND - PORTFOLIO HOLDINGS AT OCT. 31, 2006
COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) SOFTWARE (CONT.) Oracle 6,233(b) $ 115,124 Symantec 11,641(b) 230,957 TIBCO Software 19,880(b) 183,890 --------------- Total 2,361,528 ------------------------------------------------------------------------------ SPECIALTY RETAIL (0.5%) Gap 10,984 230,884 Home Depot 5,767 215,282 Lowe's Companies 3,353 101,059 --------------- Total 547,225 ------------------------------------------------------------------------------ THRIFTS & MORTGAGE FINANCE (3.2%) Countrywide Financial 32,815 1,250,908 Fannie Mae 15,629 926,175 Freddie Mac 11,764 811,598 Washington Mutual 3,761 159,090 --------------- Total 3,147,771 ------------------------------------------------------------------------------ COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) TOBACCO (2.0%) Altria Group 24,494 $ 1,992,097 ------------------------------------------------------------------------------ WIRELESS TELECOMMUNICATION SERVICES (2.4%) ALLTEL 11,893 634,016 Sprint Nextel 74,864 1,399,208 Vodafone Group ADR 15,637(c) 404,216 --------------- Total 2,437,440 ------------------------------------------------------------------------------ TOTAL COMMON STOCKS (Cost: $83,373,054) $ 95,698,432 ------------------------------------------------------------------------------ MONEY MARKET FUND (3.6%) SHARES VALUE(a) RiverSource Short-Term Cash Fund 3,592,250(e) $ 3,592,250 ------------------------------------------------------------------------------ TOTAL MONEY MARKET FUND (Cost: $3,592,250) $ 3,592,250 ------------------------------------------------------------------------------ TOTAL INVESTMENTS IN SECURITIES (Cost: $86,965,304)(f) $ 99,290,682 ============================================================================== NOTES TO INVESTMENTS IN SECURITIES (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Annual Report dated July 31, 2006. (b) Non-income producing. (c) Foreign security values are stated in U.S. dollars. At Oct. 31, 2006, the value of foreign securities represented 5.1% of net assets. (d) Shareholders of tracking stocks have a financial interest only in a unit or division of the company. Unlike the common stock of the company itself, a tracking stock usually has limited or no voting rights. In the event of a company's liquidation, tracking stock shareholders typically do not have a legal claim on the company's assets. (e) Affiliated Money Market Fund - The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. (f) At Oct. 31, 2006, the cost of securities for federal income tax purposes was approximately $86,965,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $ 13,770,000 Unrealized depreciation (1,445,000) ------------------------------------------------------------------------- Net unrealized appreciation $ 12,325,000 -------------------------------------------------------------------------
The Global Industry Classification Standard (GICS) was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. HOW TO FIND INFORMATION ABOUT THE FUND'S PORTFOLIO HOLDINGS (i) The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (Commission) for the first and third quarters of each fiscal year on Form N-Q; (ii) The Fund's Forms N-Q are available on the Commission's website at http://www.sec.gov; (iii) The Fund's Forms N-Q may be reviewed and copied at the Commission's Public Reference Room in Washington, DC (information on the operations of the Public Reference Room may be obtained by calling 1-800-SEC-0330); and (iv) The Fund's complete schedule of portfolio holdings, as disclosed in its annual and semiannual shareholder reports and in its filings on Form N-Q, can be found at riversource.com/funds. ------------------------------------------------------------------------------ 3 RIVERSOURCE LARGE CAP VALUE FUND - PORTFOLIO HOLDINGS AT OCT. 31, 2006 S-6246-80 F (12/06) Item 2. Control and Procedures. (a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this report, the registrant's principal financial officer and principal executive officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms. (b) There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. Item 3. Exhibits. Separate certification for the Registrant's principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) RiverSource Large Cap Series, Inc. By /s/ Patrick T. Bannigan ----------------------- Patrick T. Bannigan President and Principal Executive Officer Date December 28, 2006 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. By /s/ Patrick T. Bannigan ----------------------- Patrick T. Bannigan President and Principal Executive Officer Date December 28, 2006 By /s/ Jeffrey P. Fox ----------------------- Jeffrey P. Fox Treasurer and Principal Financial Officer Date December 28, 2006