-----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, C512D9LdVzZbo9eeilgud/eXRtLYIGbjB+5xBRyMVaiVj45JPVvN+mdjtM78CHBM /4mZ2IfNTpkCfY5sPJe3Pg== 0001365335-06-000075.txt : 20060628 0001365335-06-000075.hdr.sgml : 20060628 20060628111916 ACCESSION NUMBER: 0001365335-06-000075 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060430 FILED AS OF DATE: 20060628 DATE AS OF CHANGE: 20060628 EFFECTIVENESS DATE: 20060628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERSOURCE LARGE CAP SERIES, INC. CENTRAL INDEX KEY: 0000049702 IRS NUMBER: 410962638 STATE OF INCORPORATION: MN FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-02111 FILM NUMBER: 06928824 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 GROWTH SERIES INC/MN DATE OF NAME CHANGE: 20001011 FORMER COMPANY: FORMER CONFORMED NAME: AXP GROWTH FUND INC DATE OF NAME CHANGE: 20000829 FORMER COMPANY: FORMER CONFORMED NAME: IDS GROWTH FUND INC DATE OF NAME CHANGE: 19920703 0000049702 S000003287 RiverSource Disciplined Equity Fund C000008741 RiverSource Disciplined Equity Fund Class B AQEBX C000008742 RiverSource Disciplined Equity Fund Class C C000008743 RiverSource Disciplined Equity Fund Class Y RQEYX C000008744 RiverSource Disciplined Equity Fund Class A AQEAX C000008745 RiverSource Disciplined Equity Fund Class I ALEIX 0000049702 S000003288 RiverSource Growth Fund C000008746 RiverSource Growth Fund Class A INIDX C000008747 RiverSource Growth Fund Class B IGRBX C000008748 RiverSource Growth Fund Class C AXGCX C000008749 RiverSource Growth Fund Class I AGWIX C000008750 RiverSource Growth Fund Class Y IGRYX 0000049702 S000003289 RiverSource Large Cap Equity Fund C000008751 RiverSource Large Cap Equity Fund Class I ALRIX C000008752 RiverSource Large Cap Equity Fund Class A ALEAX C000008753 RiverSource Large Cap Equity Fund Class B ALEBX C000008754 RiverSource Large Cap Equity Fund Class C ARQCX C000008755 RiverSource Large Cap Equity Fund Class Y ALEYX 0000049702 S000003290 RiverSource Large Cap Value Fund C000008756 RiverSource Large Cap Value Fund Class C C000008757 RiverSource Large Cap Value Fund Class Y C000008758 RiverSource Large Cap Value Fund Class A ALVAX C000008759 RiverSource Large Cap Value Fund Class B ALVBX C000008760 RiverSource Large Cap Value Fund Class I ALCIX 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) Leslie L. Ogg - 901 S. Marquette Avenue, Suite 2810, Minneapolis, MN 55402-3268 - -------------------------------------------------------------------------------- (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: 4/30 -------------- PORTFOLIO HOLDINGS FOR RIVERSOURCE DISCIPLINED EQUITY FUND AT APRIL 30, 2006 INVESTMENTS IN SECURITIES RiverSource Disciplined Equity Fund APRIL 30, 2006 (UNAUDITED) (Percentages represent value of investments compared to net assets) COMMON STOCKS (98.6%) ISSUER SHARES VALUE(a) AEROSPACE & DEFENSE (2.0%) Boeing 195,743 $16,334,753 Goodrich 49,304 2,194,028 United Technologies 351,550 22,080,856 Total 40,609,637 AIR FREIGHT & LOGISTICS (0.4%) FedEx 62,287 7,171,102 Ryder System 36,600 1,908,690 Total 9,079,792 AUTO COMPONENTS (0.6%) Cooper Tire & Rubber 134,474 1,707,820 Johnson Controls 119,093 9,712,034 Total 11,419,854 AUTOMOBILES (0.9%) Ford Motor 949,756 6,600,805 General Motors 268,889(d) 6,152,180 Harley-Davidson 107,706 5,475,773 Total 18,228,758 BEVERAGES (2.3%) Coca-Cola 830,405 34,843,793 Coca-Cola Enterprises 63,000 1,230,390 Pepsi Bottling Group 39,400 1,264,740 PepsiCo 175,615 10,227,818 Total 47,566,741 BIOTECHNOLOGY (1.5%) Applera-Applied Biosystems Group 78,690(g) 2,269,420 Biogen Idec 75,948(b) 3,406,268 Gilead Sciences 342,713(b) 19,705,997 MedImmune 160,096(b) 5,038,221 Total 30,419,906 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) CAPITAL MARKETS (5.4%) Bear Stearns Companies 21,940 $3,126,669 Charles Schwab 481,098 8,611,654 E*TRADE Financial 198,021(b) 4,926,762 Federated Investors Cl B 41,050 1,440,855 Franklin Resources 121,417 11,306,351 Goldman Sachs Group 113,222 18,148,354 Janus Capital Group 74,113 1,442,239 Lehman Brothers Holdings 118,452 17,904,020 Mellon Financial 103,533 3,895,947 Merrill Lynch & Co 321,877 24,546,340 Morgan Stanley 185,655 11,937,617 T Rowe Price Group 26,086 2,196,180 Total 109,482,988 CHEMICALS (0.4%) Dow Chemical 80,450 3,267,074 Eastman Chemical 21,200 1,152,220 PPG Inds 17,500 1,174,600 Sigma-Aldrich 29,836 2,047,048 Total 7,640,942 COMMERCIAL BANKS (1.7%) AmSouth Bancorporation 24,300 703,242 Comerica 80,681 4,588,328 Fifth Third Bancorp 10,200 412,284 First Horizon Natl 64,839 2,750,470 Huntington Bancshares 41,800 1,009,470 KeyCorp 80,436 3,074,264 Natl City 266,234 9,824,036 PNC Financial Services Group 118,696 8,483,203 US Bancorp 125,116 3,933,647 Total 34,778,944 COMMERCIAL SERVICES & SUPPLIES (0.3%) Apollo Group Cl A 13,400(b) 732,176 Cendant 130,262 2,270,467 Monster Worldwide 58,405(b) 3,352,447 Total 6,355,090 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) COMMUNICATIONS EQUIPMENT (5.1%) ADC Telecommunications 103,541(b) $2,318,283 CBS Cl B 78,443 1,997,943 Corning 737,862(b) 20,387,127 JDS Uniphase 513,972(b) 1,793,762 Motorola 1,492,034 31,854,926 QUALCOMM 784,808 40,292,043 Tellabs 315,628(b) 5,002,704 Total 103,646,788 COMPUTERS & PERIPHERALS (3.9%) Apple Computer 355,754(b) 25,041,524 Hewlett-Packard 1,234,552 40,085,904 Lexmark Intl Cl A 63,242(b) 3,079,885 Network Appliance 53,078(b) 1,967,601 SanDisk 110,954(b) 7,082,194 Sun Microsystems 314,400(b) 1,572,000 Total 78,829,108 CONSTRUCTION & ENGINEERING (0.1%) Fluor 22,364 2,077,839 CONSTRUCTION MATERIALS (0.2%) Vulcan Materials 38,523 3,272,914 CONSUMER FINANCE (0.4%) SLM 160,300 8,476,664 CONTAINERS & PACKAGING (--%) Pactiv 34,800(b) 847,032 DISTRIBUTORS (0.2%) Genuine Parts 81,078 3,539,055 DIVERSIFIED FINANCIAL SERVICES (4.9%) CIT Group 120,412 6,503,452 Citigroup 977,792 48,840,711 iShares MSCI EAFE Index Fund 518,000 35,249,900 Moody's 141,024 8,744,898 Total 99,338,961 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 1 - RIVERSOURCE DISCIPLINED EQUITY FUND - PORTFOLIO HOLDINGS AT APRIL 30, 2006 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) DIVERSIFIED TELECOMMUNICATION SERVICES (5.9%) AT&T 1,959,157 $51,349,504 BellSouth 503,243 16,999,549 Qwest Communications Intl 372,093(b) 2,496,744 Verizon Communications 1,519,938 50,203,552 Total 121,049,349 ELECTRIC UTILITIES (1.2%) Allegheny Energy 34,005(b) 1,211,598 American Electric Power 112,566 3,766,458 CenterPoint Energy 210,603 2,531,448 Edison Intl 44,575 1,801,276 FirstEnergy 37,686 1,911,057 PG&E 186,382 7,425,459 PPL 56,605 1,643,809 TECO Energy 40,396 645,528 Xcel Energy 126,621 2,385,540 Total 23,322,173 ELECTRICAL EQUIPMENT (0.1%) Rockwell Automation 39,200 2,840,432 ELECTRONIC EQUIPMENT & INSTRUMENTS (0.2%) Agilent Technologies 88,353(b) 3,394,522 Tektronix 21,900 773,508 Total 4,168,030 ENERGY EQUIPMENT & SERVICES (4.0%) Baker Hughes 196,587 15,890,127 BJ Services 138,070 5,253,564 Halliburton 243,894 19,060,316 Nabors Inds 80,748(b,c) 3,014,323 Natl Oilwell Varco 30,537(b) 2,106,137 Schlumberger 429,826 29,718,170 Transocean 19,560(b) 1,585,729 Weatherford Intl 86,280(b) 4,566,800 Total 81,195,166 FOOD & STAPLES RETAILING (3.0%) Albertson's 230,833 5,847,000 CVS 107,210 3,186,281 Kroger 421,369(b) 8,536,936 Safeway 318,606 8,006,569 Wal-Mart Stores 717,641 32,315,374 Whole Foods Market 35,776 2,195,931 Total 60,088,091 FOOD PRODUCTS (0.6%) Archer-Daniels-Midland 75,400 2,740,036 Kellogg 73,600 3,408,416 Sara Lee 248,873 4,447,361 Tyson Foods Cl A 138,600 2,023,560 WM Wrigley Jr 8,183 385,174 Wm Wrigley Jr Cl B 1 35 Total 13,004,582 GAS UTILITIES (0.1%) Nicor 46,395 1,837,706 Peoples Energy 32,000 1,162,560 Total 3,000,266 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) HEALTH CARE EQUIPMENT & SUPPLIES (1.3%) Bausch & Lomb 15,964 $781,438 Becton Dickinson & Co 44,419 2,800,174 Biomet 76,069 2,828,245 Medtronic 219,814 11,017,078 Millipore 35,959(b) 2,653,055 St. Jude Medical 158,400(b) 6,253,632 Total 26,333,622 HEALTH CARE PROVIDERS & SERVICES (2.2%) AmerisourceBergen 154,761 6,677,937 Cardinal Health 85,343 5,747,851 CIGNA 77,367 8,278,269 Express Scripts 113,849(b) 8,896,162 Health Management Associates Cl A 67,300 1,393,783 McKesson 136,831 6,648,618 Tenet Healthcare 261,345(b) 2,174,390 UnitedHealth Group 44,700 2,223,378 WellPoint 22,778(b) 1,617,238 Total 43,657,626 HOTELS, RESTAURANTS & LEISURE (0.5%) Darden Restaurants 50,646 2,005,582 Intl Game Technology 54,704 2,074,923 Starbucks 92,586(b) 3,450,679 Wendy's Intl 53,279 3,291,577 Total 10,822,761 HOUSEHOLD DURABLES (1.4%) Centex 82,847 4,606,293 DR Horton 218,489 6,559,040 KB HOME 33,431 2,058,347 Lennar Cl A 65,725 3,610,274 Pulte Homes 188,605 7,044,396 Stanley Works 28,742 1,501,770 Whirlpool 43,126 3,870,559 Total 29,250,679 HOUSEHOLD PRODUCTS (0.5%) Kimberly-Clark 158,437 9,273,318 INDUSTRIAL CONGLOMERATES (1.1%) 3M 250,275 21,380,993 INSURANCE (4.0%) AFLAC 70,475 3,350,382 Allstate 99,940 5,645,611 Ambac Financial Group 86,696 7,140,283 Aon 206,377 8,649,260 Chubb 34,748 1,790,912 Cincinnati Financial 28,900 1,232,296 Genworth Financial Cl A 62,967 2,090,504 Lincoln Natl 144,830 8,411,726 Loews 90,252 9,580,249 Marsh & McLennan Companies 194,762 5,973,351 MBIA 75,996 4,531,641 MetLife 189,716 9,884,203 St. Paul Travelers Companies 85,636 3,770,553 Torchmark 47,851 2,876,324 UnumProvident 313,431 6,365,784 Total 81,293,079 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) IT SERVICES (0.9%) Affiliated Computer Services Cl A 19,858(b) $1,107,282 Convergys 120,400(b) 2,344,188 Electronic Data Systems 298,168 8,074,390 Paychex 98,702 3,986,574 Sabre Holdings Cl A 59,444 1,372,562 Unisys 153,647(b) 958,757 Total 17,843,753 LEISURE EQUIPMENT & PRODUCTS (0.5%) Brunswick 50,000 1,961,000 Eastman Kodak 205,970 5,552,951 Mattel 128,671 2,081,897 Total 9,595,848 MACHINERY (1.4%) Caterpillar 151,212 11,452,796 Cummins 29,804 3,114,518 Eaton 12,200 935,130 Illinois Tool Works 20,315 2,086,351 Ingersoll-Rand Cl A 62,037(c) 2,714,119 ITT Inds 61,826 3,476,476 Navistar Intl 54,900(b) 1,448,262 PACCAR 35,828 2,577,108 Total 27,804,760 MEDIA (0.4%) Gannett 47,744 2,625,920 Interpublic Group of Companies 108,200(b) 1,036,556 Knight Ridder 29,832 1,849,584 New York Times Cl A 70,860 1,756,619 Total 7,268,679 METALS & MINING (2.1%) Allegheny Technologies 34,300 2,378,362 Freeport-McMoRan Copper & Gold Cl B 117,484 7,587,117 Newmont Mining 126,036 7,355,461 Nucor 73,292 7,975,635 Phelps Dodge 181,164 15,614,525 United States Steel 26,643 1,825,046 Total 42,736,146 MULTILINE RETAIL (0.3%) Dollar General 151,012 2,636,669 Family Dollar Stores 38,890 972,250 Kohl's 10,300(b) 575,152 Nordstrom 49,612 1,901,628 Total 6,085,699 MULTI-UTILITIES & UNREGULATED POWER (0.4%) CMS Energy 231,530(b) 3,083,980 Dynegy Cl A 336,400(b) 1,671,908 Sempra Energy 77,500 3,566,550 Total 8,322,438 OIL, GAS & CONSUMABLE FUELS (11.4%) Amerada Hess 5,921 848,302 Anadarko Petroleum 28,997 3,039,466 Ashland 8,000 526,560 Chevron 939,926 57,354,284 ConocoPhillips 602,607 40,314,408 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 2 - RIVERSOURCE DISCIPLINED EQUITY FUND - PORTFOLIO HOLDINGS AT APRIL 30, 2006 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) OIL, GAS & CONSUMABLE FUELS (cont.) Devon Energy 104,614 $6,288,348 El Paso 69,941 902,938 EOG Resources 100,452 7,054,744 Exxon Mobil 1,538,925 97,075,388 Marathon Oil 148,832 11,811,308 Occidental Petroleum 12,784 1,313,428 Sunoco 59,657 4,834,603 Williams Companies 51,638 1,132,421 Total 232,496,198 PAPER & FOREST PRODUCTS (0.1%) Louisiana-Pacific 40,700 1,122,506 PERSONAL PRODUCTS (0.1%) Alberto-Culver 41,634 1,872,281 PHARMACEUTICALS (8.9%) Abbott Laboratories 143,773 6,144,858 Allergan 105,317 10,818,162 Bristol-Myers Squibb 799,306 20,286,386 Forest Laboratories 41,862(b) 1,690,388 Johnson & Johnson 1,169,402 68,538,651 King Pharmaceuticals 212,443(b) 3,694,384 Merck & Co 1,358,120 46,746,490 Mylan Laboratories 23,300 508,872 Pfizer 832,537 21,088,162 Schering-Plough 118,547 2,290,328 Total 181,806,681 REAL ESTATE INVESTMENT TRUST (0.2%) Equity Residential 66,908 3,002,162 Public Storage 14,320 1,100,922 Total 4,103,084 ROAD & RAIL (1.3%) Burlington Northern Santa Fe 127,289 10,123,294 CSX 26,675 1,826,971 Norfolk Southern 143,459 7,746,786 Union Pacific 63,589 5,799,953 Total 25,497,004 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (2.7%) Advanced Micro Devices 269,590(b) $8,721,237 Broadcom Cl A 300,509(b) 12,353,925 Intel 428,480 8,561,030 LSI Logic 133,872(b) 1,425,737 Micron Technology 272,288(b) 4,620,727 Natl Semiconductor 125,766 3,770,465 NVIDIA 67,468(b) 1,971,415 Texas Instruments 363,300 12,610,143 Total 54,034,679 SOFTWARE (3.1%) Autodesk 51,339(b) 2,158,292 BMC Software 101,347(b) 2,183,014 Citrix Systems 101,198(b) 4,039,824 Compuware 330,834(b) 2,540,805 Microsoft 1,182,172 28,549,454 Novell 267,064(b,d) 2,195,266 Oracle 1,389,514(b) 20,273,009 Total 61,939,664 SPECIALTY RETAIL (2.5%) AutoNation 46,675(b) 1,051,121 AutoZone 19,100(b) 1,787,951 Bed Bath & Beyond 42,853(b) 1,643,413 Best Buy 88,223(f) 4,998,715 Circuit City Stores 114,482 3,291,358 Gap 46,100 833,949 Home Depot 740,611 29,572,597 Office Depot 109,398(b) 4,439,371 RadioShack 76,600 1,302,200 Tiffany & Co 55,697 1,943,268 Total 50,863,943 TEXTILES, APPAREL & LUXURY GOODS (0.8%) Coach 79,115(b) 2,612,377 Jones Apparel Group 45,056 1,547,674 Liz Claiborne 54,222 2,117,369 Nike Cl B 77,946 6,379,101 VF 42,284 2,587,358 Total 15,243,879 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) THRIFTS & MORTGAGE FINANCE (4.4%) Fannie Mae 807,618 $40,865,470 Freddie Mac 370,677 22,633,537 Golden West Financial 28,932 2,079,343 MGIC Investment 83,228 5,884,220 Washington Mutual 371,876 16,756,733 Total 88,219,303 TOBACCO (0.6%) Altria Group 140,615 10,287,394 UST 42,237 1,855,471 Total 12,142,865 TRADING COMPANIES & DISTRIBUTORS (0.1%) WW Grainger 13,800 1,061,496 TOTAL COMMON STOCKS (Cost: $1,873,290,280) $1,996,352,086 SHORT-TERM SECURITIES (1.7%)(E) ISSUER EFFECTIVE AMOUNT VALUE(a) YIELD PAYABLE AT MATURITY COMMERCIAL PAPER Bryant Park Funding LLC 05-15-06 4.87% $8,700,000(h) $8,680,034 Merrill Lynch & Co 05-02-06 4.77 25,000,000 24,986,750 TOTAL SHORT-TERM SECURITIES (Cost: $33,671,271) $33,666,784 TOTAL INVESTMENTS IN SECURITIES (Cost: $1,906,961,551)(i) $2,030,018,870 NOTES TO INVESTMENTS IN SECURITIES (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Semiannual Report dated Jan. 31, 2006. (b) Non-income producing. (c) Foreign security values are stated in U.S. dollars. At April 30, 2006, the value of foreign securities represented 0.3% of net assets. (d) At April 30, 2006, security was partially or fully on loan. (e) Cash collateral received from security lending activity is invested in short-term securities and represents 0.4% of net assets. 1.3% of net assets is the Fund's cash equivalent position. (f) Partially pledged as initial margin deposit on the following open stock index futures contracts: TYPE OF SECURITY CONTRACTS ---------------------------------------------------------------- PURCHASE CONTRACTS S&P 500 Index, June 2006 62 (g) 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. (h) Commercial paper sold within terms of a private placement memorandum, exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At April 30, 2006, the value of these securities amounted to $8,680,034 or 0.4% of net assets. - -------------------------------------------------------------------------------- 3 - RIVERSOURCE DISCIPLINED EQUITY FUND - PORTFOLIO HOLDINGS AT APRIL 30, 2006 NOTES TO INVESTMENTS IN SECURITIES (CONTINUED) (i) At April 30, 2006, the cost of securities for federal income tax purposes was approximately $1,906,962,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $166,794,000 Unrealized depreciation (43,737,000) ---------------------------------------------------------------- Net unrealized appreciation $123,057,000 ---------------------------------------------------------------- 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 www.riversource.com/funds. - -------------------------------------------------------------------------------- 4 - RIVERSOURCE DISCIPLINED EQUITY FUND - PORTFOLIO HOLDINGS AT APRIL 30, 2006 S-6263-80 E (6/06) PORTFOLIO HOLDINGS FOR RIVERSOURCE GROWTH FUND AT APRIL 30, 2006 INVESTMENTS IN SECURITIES RiverSource Growth Fund APRIL 30, 2006 (UNAUDITED) (Percentages represent value of investments compared to net assets) COMMON STOCKS (95.5%) ISSUER SHARES VALUE(a) AEROSPACE & DEFENSE (1.7%) Boeing 204,804 $17,090,894 General Dynamics 127,307 8,353,885 Honeywell Intl 346,590 14,730,075 Lockheed Martin 273,766 20,778,840 Total 60,953,694 AIRLINES (0.3%) UAL 273,188(b,d) 9,837,500 BEVERAGES (1.9%) Coca-Cola 343,046 14,394,210 PepsiCo 920,571 53,614,055 Total 68,008,265 BIOTECHNOLOGY (3.0%) Amgen 849,098(b) 57,483,935 Biogen Idec 386,391(b) 17,329,636 Genentech 318,228(b,d) 25,365,954 Gilead Sciences 144,464(b) 8,306,680 Total 108,486,205 CAPITAL MARKETS (0.3%) BlackRock Cl A 67,033 10,158,181 COMMERCIAL SERVICES & SUPPLIES (0.2%) Cendant 420,963 7,337,385 COMMUNICATIONS EQUIPMENT (10.2%) Alcatel 2,360,720(b,c) 34,036,391 Cisco Systems 5,677,562(b) 118,944,923 Investcom LLC GDR 852,957(b,c) 12,922,299 Juniper Networks 4,044,165(b) 74,736,169 Lucent Technologies 30,388,519(b) 84,783,967 Motorola 2,219,925 47,395,399 Total 372,819,148 COMPUTERS & PERIPHERALS (1.7%) Dell 1,184,175(b) 31,025,385 EMC 1,104,811(b) 14,925,997 Hewlett-Packard 478,283 15,529,849 Total 61,481,231 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) CONSUMER FINANCE (0.6%) American Express 69,141 $3,720,477 Capital One Financial 124,363 10,774,811 SLM 123,466 6,528,882 Total 21,024,170 DIVERSIFIED TELECOMMUNICATION SERVICES (9.3%) BellSouth 591,049 19,965,635 FastWeb 215,367(b,c) 10,804,074 Philippine Long Distance Telephone ADR 202,647(c) 8,055,218 Sprint Nextel 11,878,787 294,593,918 Total 333,418,845 ENERGY EQUIPMENT & SERVICES (0.2%) Halliburton 94,974 7,422,218 FOOD & STAPLES RETAILING (1.3%) Safeway 1,456,252 36,595,613 Wal-Mart Stores 243,436(d) 10,961,923 Total 47,557,536 FOOD PRODUCTS (1.3%) Cadbury Schweppes 923,360(c) 9,159,582 General Mills 133,640 6,593,798 Kellogg 664,201 30,759,148 Total 46,512,528 HEALTH CARE EQUIPMENT & SUPPLIES (4.6%) Baxter Intl 259,338 9,777,043 Boston Scientific 4,946,654(b) 114,960,235 Medtronic 360,341 18,060,291 PerkinElmer 621,006 13,314,369 St. Jude Medical 208,088(b) 8,215,314 Total 164,327,252 HEALTH CARE PROVIDERS & SERVICES (4.9%) AMERIGROUP 85,252(b) 2,202,059 Cardinal Health 651,865 43,903,108 HCA 1,159,405 50,886,285 HealthSouth 554,303(b) 2,535,936 Humana 78,662(b) 3,553,949 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) HEALTH CARE PROVIDERS & SERVICES (CONT.) McKesson 122,988 $5,975,987 UnitedHealth Group 1,324,720 65,891,573 Universal Health Services Cl B 37,250 1,891,928 Total 176,840,825 HOTELS, RESTAURANTS & LEISURE (0.4%) Kerzner Intl 178,153(b,c) 13,920,875 HOUSEHOLD DURABLES (0.4%) Harman Intl Inds 175,009(d) 15,399,042 HOUSEHOLD PRODUCTS (3.2%) Colgate-Palmolive 128,130 7,575,046 Procter & Gamble 1,313,531 76,460,639 Spectrum Brands 1,953,861(b,d) 32,336,400 Total 116,372,085 INDUSTRIAL CONGLOMERATES (1.3%) General Electric 1,363,255 47,154,990 INSURANCE (2.5%) ACE 357,581(c) 19,860,049 American Intl Group 732,990 47,827,597 Arch Capital Group 162,803(b,c) 9,890,282 Aspen Insurance Holdings 494,868(c) 12,050,036 Total 89,627,964 INTERNET & CATALOG RETAIL (0.2%) eBay 207,288(b) 7,132,780 INTERNET SOFTWARE & SERVICES (0.6%) Google Cl A 48,294(b) 20,183,994 IT SERVICES (0.4%) First Data 282,569 13,475,716 MACHINERY (0.1%) Flowserve 93,244(b) 5,363,395 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 1 - RIVERSOURCE GROWTH FUND - PORTFOLIO HOLDINGS AT APRIL 30, 2006 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) MEDIA (13.5%) Cablevision Systems Cl A 1,139,788 $23,103,503 Comcast Cl A 1,786,439(b) 55,290,287 EchoStar Communications Cl A 195,559(b) 6,042,773 Liberty Global Cl A 2,799,587(b) 57,979,447 Liberty Global Series C 847,954(b) 16,933,641 News Corp Cl A 1,512,712 25,958,138 NTL 8,981,650 246,815,741 Time Warner 86,432 1,503,917 Viacom Cl B 256,847(b) 10,230,216 Vivendi 1,208,157(c,d) 44,103,666 WorldSpace Cl A 416,050(b,d) 2,442,214 Total 490,403,543 METALS & MINING (1.4%) Coeur d'Alene Mines 3,260,550(b) 22,758,639 Glamis Gold 133,968(b) 5,258,244 Newmont Mining 353,501 20,630,318 Ternium ADR 38,000(b,c) 1,015,360 Total 49,662,561 MULTILINE RETAIL (0.7%) Federated Dept Stores 175,064 13,628,732 Target 194,396 10,322,428 Total 23,951,160 OIL, GAS & CONSUMABLE FUELS (3.3%) Anadarko Petroleum 67,341 7,058,684 Chevron 143,733 8,770,588 ConocoPhillips 138,038 9,234,742 Devon Energy 79,513 4,779,526 Exxon Mobil 1,233,540 77,811,703 Kinder Morgan Management LLC --(b) 14 Marathon Oil 142,815 11,333,798 Total 118,989,055 PHARMACEUTICALS (9.0%) AstraZeneca 409,589(c) 22,630,630 Bristol-Myers Squibb 2,386,548 60,570,588 Johnson & Johnson 610,751 35,796,116 Merck & Co 463,376 15,949,402 Novartis ADR 260,988(c) 15,009,420 Pfizer 4,811,736 121,881,273 Roche Holding 80,048(c) 12,308,622 Schering-Plough 736,490 14,228,987 Teva Pharmaceutical Inds ADR 610,280(c) 24,716,340 Total 323,091,378 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (2.5%) Freescale Semiconductor Cl A 1,087,578(b) $34,389,216 Freescale Semiconductor Cl B 302,062(b) 9,566,304 Integrated Device Technology 1,312,101(b) 19,970,177 Intel 792,743 15,839,005 PMC-Sierra 189,095(b) 2,350,451 Texas Instruments 249,758 8,669,100 Total 90,784,253 SOFTWARE (2.8%) Adobe Systems 335,985 13,170,612 Compuware 833,799(b) 6,403,576 Microsoft 2,623,106 63,348,010 Oracle 361,759(b) 5,278,064 Symantec 669,326(b) 10,963,560 Total 99,163,822 THRIFTS & MORTGAGE FINANCE (1.0%) Countrywide Financial 330,677 13,445,327 Fannie Mae 256,835 12,995,851 Freddie Mac 143,145 8,740,434 Total 35,181,612 TOBACCO (1.9%) Altria Group 913,173 66,807,737 WIRELESS TELECOMMUNICATION SERVICES (8.8%) ALLTEL 1,391,022 89,540,085 Hutchison Telecommunications Intl ADR 792,114(b,c) 21,307,867 Motient 252,275(b,d) 4,364,358 NeuStar Cl A 747,269(b) 26,229,142 Orascom Telecom Holding GDR 1,130,025(c,d) 60,682,343 Partner Communications ADR 445,729(c) 3,730,752 Vodafone Group 44,302,750(c) 104,617,942 Vodafone Group ADR 334,314(c) 7,923,242 Total 318,395,731 TOTAL COMMON STOCKS (Cost: $3,286,718,306) $3,441,246,676 OPTIONS PURCHASED (0.2%) ISSUER CONTRACTS EXERCISE EXPIRATION VALUE(a) PRICE DATE CALLS Juniper Networks 16,420 $20 May 2006 $287,350 PUTS S&P 500 Index 55,265 125 Sept. 2006 8,151,588 TOTAL OPTIONS PURCHASED (Cost: $16,177,753) $8,438,938 SHORT-TERM SECURITIES (7.9%)(E) ISSUER EFFECTIVE AMOUNT VALUE(a) YIELD PAYABLE AT MATURITY COMMERCIAL PAPER Chesham Finance LLC 05-01-06 4.79% $30,000,000 $29,988,025 Cullinan Finance 05-22-06 4.91 25,000,000 24,918,500 05-25-06 4.94 30,000,000 29,889,300 Nieuw Amsterdam 05-01-06 4.78 30,000,000(f) 29,988,050 Park Granada LLC 05-01-06 4.77 30,000,000(f) 29,988,075 Rabobank USA Finance 05-01-06 4.84 30,100,000 30,087,860 Ranger Funding LLC 06-05-06 4.97 50,000,000(f) 49,739,014 Scaldis Capital LLC 05-15-06 4.85 20,000,000(f) 19,954,289 Societe Generale North America 05-08-06 4.80 40,000,000 39,946,778 TOTAL SHORT-TERM SECURITIES (Cost: $284,538,262) $284,499,891 TOTAL INVESTMENTS IN SECURITIES (Cost: $3,587,434,321)(g) $3,734,185,505 NOTES TO INVESTMENTS IN SECURITIES (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Semiannual Report dated Jan. 31, 2006. (b) Non-income producing. (c) Foreign security values are stated in U.S. dollars. At April 30, 2006, the value of foreign securities represented 12.5% of net assets. (d) At April 30, 2006, security was partially or fully on loan. (e) Cash collateral received from security lending activity is invested in short-term securities and represents 2.0% of net assets. 5.9% of net assets is the Fund's cash equivalent position. (f) Commercial paper sold within terms of a private placement memorandum, exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At April 30, 2006, the value of these securities amounted to $129,669,428 or 3.6% of net assets. - -------------------------------------------------------------------------------- 2 - RIVERSOURCE GROWTH FUND - PORTFOLIO HOLDINGS AT APRIL 30, 2006 NOTES TO INVESTMENTS IN SECURITIES (CONTINUED) (g) At April 30, 2006, the cost of securities for federal income tax purposes was approximately $3,587,434,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $ 259,637,000 Unrealized depreciation (112,885,000) --------------------------------------------------------------------------- Net unrealized appreciation $ 146,752,000 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 www.riversource.com/funds. - -------------------------------------------------------------------------------- 3 - RIVERSOURCE GROWTH FUND - PORTFOLIO HOLDINGS AT APRIL 30, 2006 S-6455-80 E (6/06) PORTFOLIO HOLDINGS FOR RIVERSOURCE LARGE CAP EQUITY FUND AT APRIL 30, 2006 INVESTMENTS IN SECURITIES RiverSource Large Cap Equity Fund APRIL 30, 2006 (UNAUDITED) (Percentages represent value of investments compared to net assets) COMMON STOCKS (95.9%) ISSUER SHARES VALUE(a) AEROSPACE & DEFENSE (3.2%) Boeing 698,334 $58,275,972 DRS Technologies 28,281 1,570,444 Empresa Brasileira de Aeronautica ADR 25,129(c) 975,759 General Dynamics 257,428 16,892,425 Goodrich 536,126 23,857,607 Honeywell Intl 1,648,850 70,076,125 Lockheed Martin 705,663 53,559,822 Northrop Grumman 441,263 29,520,495 United Technologies 465,762 29,254,511 Total 283,983,160 AIR FREIGHT & LOGISTICS (0.1%) United Parcel Service Cl B 117,100 9,493,297 AIRLINES (0.1%) UAL 265,645(b) 9,565,876 AUTO COMPONENTS (0.1%) Cooper Tire & Rubber 17,199 218,427 Goodyear Tire & Rubber 46,476(b) 650,664 Johnson Controls 47,534 3,876,398 Total 4,745,489 AUTOMOBILES (0.2%) Ford Motor 458,623 3,187,430 General Motors 315,220 7,212,233 Harley-Davidson 68,419 3,478,422 Total 13,878,085 BEVERAGES (1.4%) Coca-Cola 650,053 27,276,224 PepsiCo 1,679,765 97,829,513 Total 125,105,737 BIOTECHNOLOGY (1.6%) Amgen 1,143,125(b) 77,389,562 Biogen Idec 637,203(b) 28,578,554 Genentech 300,197(b) 23,928,703 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) BIOTECHNOLOGY (CONT.) Gilead Sciences 229,897(b) $13,219,078 MedImmune 76,117(b) 2,395,402 Total 145,511,299 BUILDING PRODUCTS (0.2%) American Standard Companies 110,990 4,831,395 Masco 374,033 11,931,652 Total 16,763,047 CAPITAL MARKETS (2.6%) Bank of New York 809,278 28,446,122 BlackRock Cl A 133,220 20,188,159 Franklin Resources 225,904 21,036,180 Investors Financial Services 142,329 6,811,866 Legg Mason 14,701 1,741,774 Lehman Brothers Holdings 331,042 50,036,999 Merrill Lynch & Co 306,559 23,378,189 Morgan Stanley 814,127 52,348,367 Natl Financial Partners 212,649 11,057,748 State Street 212,914 13,907,542 Total 228,952,946 CHEMICALS (1.0%) Air Products & Chemicals 51,852 3,552,899 Dow Chemical 833,520 33,849,246 Eastman Chemical 132,048 7,176,809 Ecolab 44,331 1,675,712 EI du Pont de Nemours & Co 218,901 9,653,534 Engelhard 30,027 1,153,337 Hercules 30,253(b) 429,895 Intl Flavors & Fragrances 20,792 734,581 Lyondell Chemical 284,545 6,857,535 Monsanto 67,781 5,652,935 PPG Inds 40,923 2,746,752 Praxair 78,151 4,386,616 Rohm & Haas 35,958 1,819,475 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) CHEMICALS (CONT.) RPM Intl 166,970 $3,072,248 Sigma-Aldrich 16,724 1,147,434 Tronox Cl B 17,665(b) 305,605 Total 84,214,613 COMMERCIAL BANKS (5.0%) Bank of America 4,122,653 205,802,838 Commerce Bancorp 398,700 16,083,558 ICICI Bank ADR 44,220(c) 1,212,955 PNC Financial Services Group 555,951 39,733,818 US Bancorp 876,593 27,560,084 Wachovia 890,258 53,281,941 Wells Fargo & Co 1,471,835 101,100,346 Total 444,775,540 COMMERCIAL SERVICES & SUPPLIES (0.5%) Allied Waste Inds 52,945(b) 749,701 Apollo Group Cl A 35,774(b) 1,954,691 Avery Dennison 102,222 6,388,875 Cendant 1,402,760 24,450,107 Cintas 35,380 1,485,252 Monster Worldwide 29,934(b) 1,718,212 Pitney Bowes 53,376 2,233,786 Robert Half Intl 41,905 1,771,324 RR Donnelley & Sons 52,110 1,755,586 Waste Management 128,489 4,813,198 Total 47,320,732 COMMUNICATIONS EQUIPMENT (5.0%) Alcatel 2,190,867(b,c) 31,587,484 CBS Cl B 463,970 11,817,316 Cisco Systems 7,061,848(b) 147,945,716 Corning 391,233(b) 10,809,768 Investcom LLC GDR 684,415(b,c) 10,368,887 Juniper Networks 3,559,582(b) 65,781,075 Lucent Technologies 31,816,336(b) 88,767,577 Motorola 3,388,069 72,335,273 Nokia ADR 142,824(c) 3,236,392 Total 442,649,488 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 1 - RIVERSOURCE LARGE CAP EQUITY FUND - PORTFOLIO HOLDINGS AT APRIL 30, 2006 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) COMPUTERS & PERIPHERALS (2.6%) Apple Computer 74,299(b) $5,229,907 Dell 2,197,960(b) 57,586,552 EMC 2,670,577(b) 36,079,495 Hewlett-Packard 2,113,904 68,638,463 Intl Business Machines 812,269 66,882,229 Total 234,416,646 CONSTRUCTION & ENGINEERING (--%) Fluor 21,119 1,962,166 CONSTRUCTION MATERIALS (--%) Vulcan Materials 24,327 2,066,822 CONSUMER FINANCE (1.3%) American Express 811,096 43,645,076 Capital One Financial 677,788 58,723,552 SLM 282,865 14,957,901 Total 117,326,529 CONTAINERS & PACKAGING (0.2%) Ball 26,744 1,069,225 Bemis 26,784 842,625 Pactiv 35,151(b) 855,575 Sealed Air 20,007 1,077,377 Temple-Inland 285,870 13,275,803 Total 17,120,605 DISTRIBUTORS (--%) Genuine Parts 42,185 1,841,375 DIVERSIFIED FINANCIAL SERVICES (2.6%) Citigroup 2,901,618 144,935,820 Consumer Discretionary Select Sector SPDR Fund 109,072 3,718,264 Industrial Select Sector SPDR Fund 58,566 2,022,284 iShares Dow Jones US Healthcare Sector Index Fund 1 62 JPMorgan Chase & Co 1,697,851 77,048,478 Materials Select Sector SPDR Trust 176,174 5,901,829 Total 233,626,737 DIVERSIFIED TELECOMMUNICATION SERVICES (5.5%) AT&T 706,127 18,507,589 BellSouth 1,644,923 55,565,499 Chunghwa Telecom ADR 423,958(c) 8,733,535 Citizens Communications 239,174 3,176,231 FastWeb 206,386(b,c) 10,353,534 Philippine Long Distance Telephone ADR 162,605(c) 6,463,549 Qwest Communications Intl 920,862(b) 6,178,984 Sprint Nextel 13,260,774 328,867,195 Verizon Communications 1,521,749 50,263,369 Total 488,109,485 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) ELECTRIC UTILITIES (1.4%) Allegheny Energy 38,280(b) $1,363,916 Ameren 48,712 2,453,623 American Electric Power 94,033 3,146,344 CenterPoint Energy 77,062 926,285 Consolidated Edison 58,568 2,525,452 DTE Energy 41,612 1,696,937 Edison Intl 78,025 3,152,990 Entergy 267,577 18,714,336 Exelon 570,678 30,816,613 FirstEnergy 79,655 4,039,305 FPL Group 177,816 7,041,514 PG&E 81,000 3,227,040 Pinnacle West Capital 24,649 988,425 PPL 375,848 10,914,626 Progress Energy 60,503 2,589,528 Southern 614,564 19,807,399 TECO Energy 53,186 849,912 TXU 114,769 5,695,985 Xcel Energy 400,123 7,538,317 Total 127,488,547 ELECTRICAL EQUIPMENT (0.2%) American Power Conversion 49,036 1,090,561 Cooper Inds Cl A 21,947 2,007,053 Emerson Electric 96,055 8,159,872 Rockwell Automation 41,393 2,999,337 Total 14,256,823 ELECTRONIC EQUIPMENT & INSTRUMENTS (0.2%) Agilent Technologies 95,751(b) 3,678,753 Flextronics Intl 793,483(b,c) 9,013,967 Tektronix 19,391 684,890 Total 13,377,610 ENERGY EQUIPMENT & SERVICES (1.4%) Baker Hughes 83,828 6,775,817 Cameron Intl 112,810(b) 5,667,574 Halliburton 516,390 40,355,878 Nabors Inds 78,378(b,c) 2,925,851 Noble 33,319 2,630,202 Rowan Companies 27,602 1,223,597 Schlumberger 372,206 25,734,323 TODCO Cl A 35,719 1,638,431 Transocean 136,303(b) 11,050,084 Weatherford Intl 433,546(b) 22,947,590 Total 120,949,347 FOOD & STAPLES RETAILING (1.3%) CVS 684,576 20,345,599 Safeway 2,093,935 52,620,587 Wal-Mart Stores 843,476 37,981,724 Total 110,947,910 FOOD PRODUCTS (1.4%) Cadbury Schweppes 1,820,621(c) 18,060,267 Campbell Soup 408,928 13,142,946 General Mills 318,939(e) 15,736,450 Hershey 29,396 1,567,983 Kellogg 1,642,279 76,053,940 Total 124,561,586 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) GAS UTILITIES (0.2%) KeySpan 41,870 $1,690,710 Nicor 11,055 437,889 NiSource 62,560 1,320,642 ONEOK 298,884 9,866,160 Peoples Energy 9,578 347,969 Total 13,663,370 HEALTH CARE EQUIPMENT & SUPPLIES (2.5%) Bausch & Lomb 33,850 1,656,958 Baxter Intl 943,093 35,554,606 Boston Scientific 5,046,936(b) 117,290,803 Medtronic 612,760 30,711,531 PerkinElmer 793,932 17,021,902 St. Jude Medical 256,244(b) 10,116,513 Stryker 181,923 7,959,131 Total 220,311,444 HEALTH CARE PROVIDERS & SERVICES (3.0%) Aetna 200,245 7,709,433 AMERIGROUP 152,265(b) 3,933,005 Cardinal Health 918,408 61,854,779 CIGNA 71,553 7,656,171 Community Health Systems 167,093(b) 6,055,450 HCA 1,087,204 47,717,384 HealthSouth 815,618(b) 3,731,452 Humana 273,277(b) 12,346,655 IMS Health 40,512 1,101,116 Magellan Health Services 179,809(b) 7,309,236 McKesson 98,686 4,795,153 Medco Health Solutions 218,429(b) 11,626,976 UnitedHealth Group 1,706,965 84,904,438 Universal Health Services Cl B 107,232 5,446,313 Total 266,187,561 HOTELS, RESTAURANTS & LEISURE (0.5%) Carnival Unit 105,414 4,935,483 Harrah's Entertainment 61,807 5,045,923 Kerzner Intl 142,951(b,c) 11,170,191 Marriott Intl Cl A 190,244 13,901,130 McDonald's 200,325 6,925,235 Orient-Express Hotels Cl A 44,223(c) 1,813,143 Total 43,791,105 HOUSEHOLD DURABLES (0.3%) Centex 31,885 1,772,806 DR Horton 68,610 2,059,672 Fortune Brands 35,295 2,834,189 Harman Intl Inds 156,915 13,806,951 KB HOME 21,005 1,293,278 Leggett & Platt 45,757 1,213,933 Pulte Homes 52,712 1,968,793 Snap-On 14,852 616,358 Stanley Works 17,648 922,108 Whirlpool 18,423 1,653,464 Total 28,141,552 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 2 - RIVERSOURCE LARGE CAP EQUITY FUND - PORTFOLIO HOLDINGS AT APRIL 30, 2006 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) HOUSEHOLD PRODUCTS (2.3%) Colgate-Palmolive 562,869 $33,276,815 Procter & Gamble 2,131,586 124,079,621 Spectrum Brands 2,587,081(b) 42,816,191 Total 200,172,627 INDEPENDENT POWER PRODUCERS & ENERGY TRADERS (--%) AES 153,261(b) 2,600,839 INDUSTRIAL CONGLOMERATES (2.5%) General Electric 5,936,993 205,360,588 Tyco Intl 780,646(c) 20,570,022 Total 225,930,610 INSURANCE (4.1%) ACE 940,357(c) 52,227,428 American Intl Group 2,726,460 177,901,514 Aon 350,440 14,686,940 Arch Capital Group 246,156(b,c) 14,953,977 Aspen Insurance Holdings 1,129,353(c) 27,499,746 Chubb 535,380 27,593,485 Endurance Specialty Holdings 136,952(c) 4,240,034 Hartford Financial Services Group 268,958 24,725,309 Max Re Capital 475,009(c) 11,637,721 Prudential Financial 79,436 6,206,335 XL Capital Cl A 87,957(c) 5,795,487 Total 367,467,976 INTERNET & CATALOG RETAIL (0.2%) Amazon.com 84,189(b) 2,964,295 eBay 455,599(b) 15,677,161 Total 18,641,456 INTERNET SOFTWARE & SERVICES (0.3%) Google Cl A 38,671(b) 16,162,158 Yahoo! 316,777(b) 10,383,950 Total 26,546,108 IT SERVICES (0.8%) Affiliated Computer Services Cl A 314,979(b) 17,563,229 Automatic Data Processing 371,601 16,380,172 Computer Sciences 95,060(b) 5,565,763 First Data 614,279 29,294,966 Fiserv 17,227(b) 776,593 Ness Technologies 90,605(b,c) 1,100,851 Patni Computer Systems ADR 118,077(b,c) 1,971,886 Paychex 42,191 1,704,094 Satyam Computer Services ADR 26,017(c) 936,092 Total 75,293,646 LEISURE EQUIPMENT & PRODUCTS (--%) Mattel 156,276 2,528,546 MACHINERY (1.0%) Caterpillar 359,545 27,231,938 Danaher 57,886 3,711,071 Deere & Co 157,260 13,804,283 Dover 50,604 2,517,549 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) MACHINERY (CONT.) Eaton 35,495 $2,720,692 Flowserve 74,878(b) 4,306,983 Illinois Tool Works 114,864 11,796,533 Ingersoll-Rand Cl A 227,335(c) 9,945,906 ITT Inds 80,052 4,501,324 Navistar Intl 16,236(b) 428,306 Pall 30,783 929,031 Parker Hannifin 28,787 2,333,186 Total 84,226,802 MEDIA (8.0%) Cablevision Systems Cl A 1,112,859 22,557,652 Clear Channel Communications 211,734 6,040,771 Comcast Cl A 2,183,723(b) 67,586,227 Comcast Special Cl A 688,186(b) 21,216,774 EchoStar Communications Cl A 308,566(b) 9,534,689 EW Scripps Cl A 26,050 1,200,384 Liberty Global Cl A 2,459,399(b) 50,934,153 Liberty Global Series C 896,634(b) 17,905,781 Liberty Media Cl A 1,942,400(b) 16,219,040 News Corp Cl A 4,786,629 82,138,555 NTL 8,607,280 236,528,055 Time Warner 2,296,882 39,965,747 Viacom Cl B 1,057,778(b) 42,131,298 Vivendi Universal 1,969,379(c) 71,892,009 Walt Disney 649,347(e) 18,155,742 WorldSpace Cl A 333,840(b) 1,959,641 Total 705,966,518 METALS & MINING (0.9%) Alcan 228,236(c) 11,927,613 Alcoa 322,726 10,901,684 Allegheny Technologies 22,083 1,531,235 Coeur d'Alene Mines 2,610,877(b) 18,223,922 Freeport-McMoRan Copper & Gold Cl B 48,238 3,115,210 Glamis Gold 107,496(b,c) 4,219,218 Newmont Mining 399,866 23,336,181 Nucor 37,826 4,116,225 Ternium ADR 82,771(b,c) 2,211,641 Total 79,582,929 MULTILINE RETAIL (1.2%) Dollar General 76,063 1,328,060 Federated Dept Stores 427,423 33,274,881 JC Penney 193,040 12,636,398 Kohl's 296,742(b) 16,570,073 Target 867,049 46,040,302 Total 109,849,714 MULTI-UTILITIES & UNREGULATED POWER (0.5%) CMS Energy 52,314(b) 696,822 Constellation Energy Group 40,929 2,247,821 Dominion Resources 351,944 26,350,047 Duke Energy 293,459 8,545,526 Dynegy Cl A 74,703(b) 371,274 Public Service Enterprise Group 60,417 3,788,146 Sempra Energy 61,650 2,837,133 Total 44,836,769 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) OIL, GAS & CONSUMABLE FUELS (7.4%) Amerada Hess 66,214 $9,486,480 Anadarko Petroleum 302,519 31,710,042 Apache 145,043 10,305,305 Ashland 18,200 1,197,924 BP ADR 390,092(c) 28,757,582 Chevron 1,510,739 92,185,294 ConocoPhillips 1,482,106 99,152,891 Devon Energy 320,245 19,249,927 El Paso 159,062 2,053,490 Exxon Mobil 4,672,994 294,772,462 Hugoton Royalty Trust 5,637 155,865 Kerr-McGee 83,684 8,356,684 Kinder Morgan 25,528 2,246,975 Marathon Oil 207,183 16,442,043 Murphy Oil 43,442 2,179,920 Newfield Exploration 169,794(b) 7,572,812 Occidental Petroleum 105,867 10,876,776 Royal Dutch Shell ADR 133,127(c) 9,069,943 Williams Companies 141,522 3,103,577 XTO Energy 91,048 3,855,883 Total 652,731,875 PAPER & FOREST PRODUCTS (0.4%) Bowater 176,349 4,809,037 Intl Paper 391,660 14,236,841 Louisiana-Pacific 27,680 763,414 MeadWestvaco 46,060 1,313,171 Weyerhaeuser 245,915 17,329,630 Total 38,452,093 PHARMACEUTICALS (6.4%) AstraZeneca 445,112(c) 24,593,348 Bristol-Myers Squibb 3,669,892 93,141,859 Eli Lilly & Co 258,935 13,702,840 GlaxoSmithKline ADR 147,611(c) 8,396,114 Johnson & Johnson 537,743 31,517,117 Merck & Co 1,266,604 43,596,510 Novartis ADR 542,818(c) 31,217,463 Pfizer 8,921,170 225,973,236 Roche Holding 103,177(c) 15,865,065 Schering-Plough 2,168,685 41,898,994 Teva Pharmaceutical Inds ADR 623,551(c) 25,253,816 Watson Pharmaceuticals1 47,579(b) 4,197,147 Wyeth 96,173 4,680,740 Total 564,034,249 REAL ESTATE INVESTMENT TRUST (0.4%) Apartment Investment & Management Cl A 125,391 5,603,724 Archstone-Smith Trust 52,533 2,567,813 Equity Office Properties Trust 273,688 8,840,122 Equity Residential 69,025 3,097,152 HomeBanc 821,287 6,759,192 Plum Creek Timber 45,127 1,638,110 ProLogis 59,905 3,008,429 Public Storage 19,595 1,506,464 Vornado Realty Trust 28,896 2,763,613 Total 35,784,619 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 3 - RIVERSOURCE LARGE CAP EQUITY FUND - PORTFOLIO HOLDINGS AT APRIL 30, 2006 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) ROAD & RAIL (0.1%) CSX 64,994 $4,451,439 Norfolk Southern 139,603 7,538,562 Total 11,990,001 SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (2.3%) Analog Devices 197,184 7,477,217 Applied Materials 490,597 8,806,216 ASML Holding 264,474(b,c) 5,593,625 Atmel 91,307(b) 478,449 Broadcom Cl A 98,654(b) 4,055,666 Credence Systems 200,948(b) 1,424,721 Cypress Semiconductor 464,684(b) 7,973,977 Freescale Semiconductor Cl A 1,365,338(b) 43,171,989 Freescale Semiconductor Cl B 584,127(b) 18,499,302 Infineon Technologies ADR 297,424(b,c) 3,634,521 Integrated Device Technology 1,970,031(b) 29,983,872 Intel 2,140,998 42,777,140 Maxim Integrated Products 82,077 2,894,035 PMC-Sierra 151,730(b) 1,886,004 Texas Instruments 807,738 28,036,586 Total 206,693,320 SOFTWARE (2.6%) Activision 204,360(b) 2,899,868 Adobe Systems 788,447 30,907,123 BEA Systems 186,500(b) 2,471,125 Cadence Design Systems 724,666(b) 13,717,927 Compuware 1,406,162(b) 10,799,324 Mercury Interactive 151,916(b) 5,468,976 Microsoft 4,779,021 115,413,358 Oracle 1,405,804(b) 20,510,680 SAP ADR 90,878(c) 4,964,665 Symantec 989,010(b) 16,199,984 TIBCO Software 962,194(b) 8,294,112 Total 231,647,142 SPECIALTY RETAIL (0.9%) Abercrombie & Fitch Cl A 55,353 3,361,588 AutoNation 45,193(b) 1,017,746 AutoZone 13,614(b) 1,274,407 Best Buy 158,130 8,959,646 Home Depot 681,596 27,216,128 Lowe's Companies 195,113 12,301,875 Office Depot 74,636(b) 3,028,729 OfficeMax 18,079 699,657 RadioShack 34,734 590,478 Sherwin-Williams 28,380 1,445,677 Staples 176,832 4,670,133 TJX Companies 118,018 2,847,774 Urban Outfitters 380,480(b) 8,827,136 Total 76,240,974 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) TEXTILES, APPAREL & LUXURY GOODS (0.1%) Coach 64,078(b) $2,115,856 Jones Apparel Group 28,480 978,288 Liz Claiborne 26,729 1,043,767 Nike Cl B 45,166 3,696,386 VF 21,085 1,290,191 Total 9,124,488 THRIFTS & MORTGAGE FINANCE (2.4%) Countrywide Financial 1,999,605 81,303,940 Fannie Mae 1,561,250 78,999,250 Freddie Mac 812,089 49,586,154 Washington Mutual 144,291 6,501,752 Total 216,391,096 TOBACCO (1.9%) Altria Group 2,256,934 165,117,291 TRADING COMPANIES & DISTRIBUTORS (--%) WW Grainger 18,108 1,392,867 WIRELESS TELECOMMUNICATION SERVICES (3.5%) ALLTEL 1,671,049 107,565,424 Hutchison Telecommunications Intl ADR 634,283(b,c) 17,062,213 Motient 202,009(b) 3,494,756 NeuStar Cl A 599,305(b) 21,035,606 Orascom Telecom Holding GDR 944,213(c) 50,704,238 Partner Communications ADR 357,933(c) 2,995,899 Vodafone Group 36,857,451(c) 87,036,373 Vodafone Group ADR 748,990(c) 17,751,063 Total 307,645,572 TOTAL COMMON STOCKS (Cost: $7,913,464,111) $8,497,996,656 Short-Term Securities (3.8%) ISSUER EFFECTIVE AMOUNT VALUE(a) YIELD PAYABLE AT MATURITY COMMERCIAL PAPER Alpine Securitization 05-01-06 4.83% $70,500,000(d) $70,471,623 BNP Paribas Finance 05-01-06 4.85 45,100,000 45,081,772 Park Granada LLC 05-01-06 4.87 49,800,000(d) 49,779,790 Rabobank USA Finance 05-01-06 4.81 35,000,000 34,985,971 Societe Generale North America 05-03-06 4.79 50,000,000 49,966,737 05-15-06 4.86 35,000,000 34,919,922 Thames Asset Global Securitization #1 05-01-06 4.79 50,000,000(d) 49,980,042 TOTAL SHORT-TERM SECURITIES (Cost: $335,230,821) $335,185,857 TOTAL INVESTMENTS IN SECURITIES (Cost: $8,248,694,932)(f) $8,833,182,513 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 4 - RIVERSOURCE LARGE CAP EQUITY FUND - PORTFOLIO HOLDINGS AT APRIL 30, 2006 NOTES TO INVESTMENTS IN SECURITIES (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Semiannual Report dated Jan. 31, 2006. (b) Non-income producing. (c) Foreign security values are stated in U.S. dollars. At April 30, 2006, the value of foreign securities represented 7.8% of net assets. (d) Commercial paper sold within terms of a private placement memorandum, exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At April 30, 2006, the value of these securities amounted to $170,231,455 or 1.9% of net assets. (e) Partially pledged as initial margin deposit on the following open stock index futures contracts. TYPE OF SECURITY CONTRACTS ------------------------------------------------------------------------- PURCHASE CONTRACTS S&P 500 Index, June 2006 420 (f) At April 30, 2006, the cost of securities for federal income tax purposes was approximately $8,248,695,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $ 729,157,000 Unrealized depreciation (144,669,000) ------------------------------------------------------------------------- Net unrealized appreciation $ 584,488,000 ------------------------------------------------------------------------- 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 www.riversource.com/funds. - -------------------------------------------------------------------------------- 5 - RIVERSOURCE LARGE CAP EQUITY FUND - PORTFOLIO HOLDINGS AT APRIL 30, 2006 S-6244-80 E (6/06) PORTFOLIO HOLDINGS FOR RIVERSOURCE LARGE CAP VALUE FUND AT APRIL 30, 2006 INVESTMENTS IN SECURITIES RiverSource Large Cap Value Fund APRIL 30, 2006 (UNAUDITED) (Percentages represent value of investments compared to net assets) COMMON STOCKS (99.3%) ISSUER SHARES VALUE(a) AEROSPACE & DEFENSE (4.2%) Boeing 5,798 $483,843 DRS Technologies 1,108 61,527 General Dynamics 6,213 407,697 Goodrich 10,385 462,133 Honeywell Intl 24,779 1,053,108 Lockheed Martin 11,453 869,283 Northrop Grumman 17,690 1,183,460 United Technologies 6,035 379,058 Total 4,900,109 AUTOMOBILES (0.1%) General Motors 6,761 154,692 BEVERAGES (1.0%) Coca-Cola 7,173 300,979 PepsiCo 13,963 813,205 Total 1,114,184 BIOTECHNOLOGY (0.2%) Amgen 1,568(b) 106,154 Biogen Idec 3,538(b) 158,679 Total 264,833 BUILDING PRODUCTS (0.4%) American Standard Companies 2,769 120,535 Masco 10,943 349,081 Total 469,616 CAPITAL MARKETS (4.7%) Bank of New York 26,221 921,668 Franklin Resources 2,907 270,700 Investors Financial Services 5,022 240,353 Legg Mason 576 68,244 Lehman Brothers Holdings 8,020 1,212,224 Merrill Lynch & Co 12,290 937,235 Morgan Stanley 18,752 1,205,754 State Street 8,507 555,677 Total 5,411,855 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) CHEMICALS (1.4%) Dow Chemical 23,882 $969,848 Eastman Chemical 4,493 244,195 Lyondell Chemical 11,370 274,017 RPM Intl 6,672 122,765 Tronox Cl B 251(b) 4,342 Total 1,615,167 COMMERCIAL BANKS (9.3%) Bank of America 99,586 4,971,333 Commerce Bancorp 6,143 247,809 PNC Financial Services Group 12,059 861,857 US Bancorp 35,143 1,104,896 Wachovia 21,217 1,269,837 Wells Fargo & Co 34,239 2,351,877 Total 10,807,609 COMMERCIAL SERVICES & SUPPLIES (0.5%) Avery Dennison 3,035 189,688 Cendant 25,602 446,242 Total 635,930 COMMUNICATIONS EQUIPMENT (2.0%) Alcatel 2,039(b,c) 29,398 CBS Cl B 18,539 472,188 Cisco Systems 41,273(b) 864,669 Corning 2,577(b) 71,203 Lucent Technologies 93,004(b) 259,481 Motorola 20,751 443,034 Nokia ADR 5,738(c) 130,023 Total 2,269,996 COMPUTERS & PERIPHERALS (2.7%) Dell 27,340(b) 716,308 EMC 21,441(b) 289,668 Hewlett-Packard 31,954 1,037,546 Intl Business Machines 13,005 1,070,832 Total 3,114,354 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) CONSUMER FINANCE (1.2%) American Express 7,934 $426,929 Capital One Financial 11,448 991,854 Total 1,418,783 CONTAINERS & PACKAGING (0.4%) Temple-Inland 10,346 480,468 DIVERSIFIED FINANCIAL SERVICES (5.2%) Citigroup 78,765 3,934,312 JPMorgan Chase & Co 45,561 2,067,558 Total 6,001,870 DIVERSIFIED TELECOMMUNICATION SERVICES (5.7%) AT&T 28,309 741,979 BellSouth 46,972 1,586,714 Chunghwa Telecom ADR 16,940(c) 348,964 Citizens Communications 9,557 126,917 Qwest Communications Intl 36,795(b) 246,894 Sprint Nextel 62,068 1,539,286 Verizon Communications 60,011 1,982,164 Total 6,572,918 ELECTRIC UTILITIES (2.4%) Entergy 8,755 612,325 Exelon 16,396 885,384 FPL Group 3,465 137,214 PPL 11,299 328,123 Southern 17,456 562,607 Xcel Energy 12,081 227,606 Total 2,753,259 ELECTRONIC EQUIPMENT & INSTRUMENTS (0.2%) Flextronics Intl 21,198(b,c) 240,809 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 1 - RIVERSOURCE LARGE CAP VALUE FUND - PORTFOLIO HOLDINGS AT APRIL 30, 2006 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) ENERGY EQUIPMENT & SERVICES (2.1%) Cameron Intl 4,469(b) $224,523 Halliburton 11,086 866,370 Schlumberger 4,091 282,852 TODCO Cl A 1,399 64,172 Transocean 3,882(b) 314,714 Weatherford Intl 12,248(b) 648,287 Total 2,400,918 FOOD & STAPLES RETAILING (1.3%) CVS 7,829 232,678 Safeway 22,744 571,557 Wal-Mart Stores 15,038 677,161 Total 1,481,396 FOOD PRODUCTS (1.2%) Cadbury Schweppes 11,737(c) 116,429 Campbell Soup 5,919 190,237 General Mills 8,468 417,811 Hershey 1,178 62,835 Kellogg 12,997 601,891 Total 1,389,203 GAS UTILITIES (0.3%) ONEOK 11,943 394,238 HEALTH CARE EQUIPMENT & SUPPLIES (1.0%) Bausch & Lomb 1,350 66,083 Baxter Intl 15,799 595,623 Boston Scientific 17,426(b) 404,980 PerkinElmer 2,567 55,036 Total 1,121,722 HEALTH CARE PROVIDERS & SERVICES (1.4%) Aetna 4,530 174,405 Cardinal Health 7,940 534,760 CIGNA 964 103,148 Community Health Systems 4,301(b) 155,868 HCA 6,069 266,368 Humana 4,928(b) 222,647 Magellan Health Services 2,019(b) 82,072 UnitedHealth Group 1,205 59,937 Total 1,599,205 HOTELS, RESTAURANTS & LEISURE (0.4%) Marriott Intl Cl A 3,145 229,805 McDonald's 8,038 277,874 Total 507,679 HOUSEHOLD PRODUCTS (1.3%) Colgate-Palmolive 6,878 406,627 Procter & Gamble 9,699 564,579 Spectrum Brands 33,946(b) 561,806 Total 1,533,012 INDUSTRIAL CONGLOMERATES (2.4%) General Electric 62,294 2,154,750 Tyco Intl 23,258(c) 612,848 Total 2,767,598 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) INSURANCE (6.0%) ACE 17,019(c) $945,234 American Intl Group 48,822 3,185,635 Aon 9,661 404,893 Aspen Insurance Holdings 9,560(c) 232,786 Chubb 14,175 730,580 Endurance Specialty Holdings 5,472(c) 169,413 Hartford Financial Services Group 7,469 686,625 Max Re Capital 4,466(c) 109,417 Prudential Financial 3,174 247,985 XL Capital Cl A 3,529(c) 232,526 Total 6,945,094 IT SERVICES (1.1%) Affiliated Computer Services Cl A 9,634(b) 537,192 Automatic Data Processing 6,216 274,001 Computer Sciences 1,983(b) 116,105 First Data 6,429 306,599 Patni Computer Systems ADR 1,303(b,c) 21,760 Total 1,255,657 LEISURE EQUIPMENT & PRODUCTS (0.1%) Mattel 6,244 101,028 MACHINERY (1.4%) Caterpillar 7,754 587,287 Deere & Co 3,953 346,994 Illinois Tool Works 2,577 264,658 Ingersoll-Rand Cl A 5,830(c) 255,063 ITT Inds 3,199 179,880 Total 1,633,882 MEDIA (6.5%) Cablevision Systems Cl A 2,185 44,290 Clear Channel Communications 3,749 106,959 Comcast Cl A 18,425(b) 570,254 Comcast Special Cl A 25,826(b) 796,216 EchoStar Communications Cl A 3,578(b) 110,560 EW Scripps Cl A 500 23,040 Liberty Global Cl A 8,696(b) 180,094 Liberty Global Series C 8,696(b) 173,659 Liberty Media Cl A 77,597(b) 647,935 News Corp Cl A 49,051 841,715 NTL 52,508 1,442,920 Time Warner 50,341 875,933 Viacom Cl B 18,661(b) 743,268 Vivendi 12,453(c) 454,596 Walt Disney 16,942 473,698 Total 7,485,137 METALS & MINING (0.6%) Alcan 9,120(c) 476,611 Alcoa 4,546 153,564 Ternium ADR 2,108(b,c) 56,326 Total 686,501 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) MULTILINE RETAIL (1.2%) Federated Dept Stores 5,553 $432,301 JC Penney 3,317 217,131 Kohl's 2,544(b) 142,057 Target 10,935 580,648 Total 1,372,137 MULTI-UTILITIES & UNREGULATED POWER (0.7%) Dominion Resources 10,775 806,724 OIL, GAS & CONSUMABLE FUELS (11.1%) Anadarko Petroleum 8,715 913,506 BP ADR 10,490(c) 773,323 Chevron 33,972 2,072,971 ConocoPhillips 37,922 2,536,982 Devon Energy 7,547 453,650 Exxon Mobil 80,904 5,103,425 Hess 1,859 266,339 Kerr-McGee 1,097 109,546 Newfield Exploration 6,785(b) 302,611 Royal Dutch Shell ADR 5,319(c) 362,383 Total 12,894,736 PAPER & FOREST PRODUCTS (1.0%) Bowater 7,046 192,144 Intl Paper 10,870 395,125 Weyerhaeuser 7,602 535,713 Total 1,122,982 PHARMACEUTICALS (5.1%) Bristol-Myers Squibb 34,321 871,067 GlaxoSmithKline ADR 5,898(c) 335,478 Merck & Co 16,997 585,037 Novartis ADR 6,665(c) 383,304 Pfizer 116,499 2,950,919 Schering-Plough 29,011 560,493 Watson Pharmaceuticals 2,007(b) 57,079 Wyeth 3,856 187,672 Total 5,931,049 REAL ESTATE INVESTMENT TRUST (0.5%) Apartment Investment & Management Cl A 4,072 181,978 Equity Office Properties Trust 10,936 353,232 HomeBanc 7,216 59,388 Total 594,598 SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (1.6%) Credence Systems 7,831(b) 55,522 Cypress Semiconductor 18,508(b) 317,597 Freescale Semiconductor Cl A 10,806(b) 341,686 Freescale Semiconductor Cl B 2,855(b) 90,418 Infineon Technologies ADR 11,884(b,c) 145,222 Integrated Device Technology 16,591(b) 252,515 Intel 18,679 373,206 Texas Instruments 7,339 254,737 Total 1,830,903 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 2 - RIVERSOURCE LARGE CAP VALUE FUND - PORTFOLIO HOLDINGS AT APRIL 30, 2006 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) SOFTWARE (2.1%) Cadence Design Systems 28,956(b) $548,137 Compuware 29,414(b) 225,900 Microsoft 38,163 921,636 Oracle 34,728(b) 506,682 Symantec 3,017(b) 49,418 TIBCO Software 22,694(b) 195,622 Total 2,447,395 SPECIALTY RETAIL (0.4%) Abercrombie & Fitch Cl A 991 60,183 Home Depot 6,576 262,580 Urban Outfitters 5,088(b) 118,042 Total 440,805 COMMON STOCKS (CONTINUED) ISSUER SHARES VALUE(a) THRIFTS & MORTGAGE FINANCE (3.7%) Countrywide Financial 37,626 $1,529,873 Fannie Mae 31,497 1,593,749 Freddie Mac 15,405 940,629 Washington Mutual 5,766 259,816 Total 4,324,067 TOBACCO (2.2%) Altria Group 35,217 2,576,476 WIRELESS TELECOMMUNICATION SERVICES (1.0%) ALLTEL 11,357 731,050 Vodafone Group ADR 19,210(c) 455,277 Total 1,186,327 TOTAL COMMON STOCKS (Cost: $102,895,504) $115,056,921 SHORT-TERM SECURITIES (1.2%) ISSUER EFFECTIVE AMOUNT VALUE(a) YIELD PAYABLE AT MATURITY COMMERCIAL PAPER Park Granada LLC 05-01-06 4.88% $1,400,000(d) $ 1,399,431 TOTAL SHORT-TERM SECURITIES (Cost: $1,399,620) $ 1,399,431 TOTAL INVESTMENTS IN SECURITIES (Cost: $104,295,124)(e) $116,456,352 NOTES TO INVESTMENTS IN SECURITIES (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Semiannual Report dated Jan. 31, 2006. (b) Non-income producing. (c) Foreign security values are stated in U.S. dollars. At April 30, 2006, the value of foreign securities represented 5.9% of net assets. (d) Commercial paper sold within terms of a private placement memorandum, exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At April 30, 2006, the value of these securities amounted to $1,399,431 or 1.2% of net assets. (e) At April 30, 2006, the cost of securities for federal income tax purposes was approximately $104,295,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $ 14,073,000 Unrealized depreciation (1,912,000) ----------------------------------------------------------------------- Net unrealized appreciation $ 12,161,000 ----------------------------------------------------------------------- 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 www.riversource.com/funds. - -------------------------------------------------------------------------------- 3 - RIVERSOURCE LARGE CAP VALUE FUND - PORTFOLIO HOLDINGS AT APRIL 30, 2006 S-6246-80 E (6/06) 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/ Paula R. Meyer ------------------ Paula R. Meyer President and Principal Executive Officer Date June 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/ Paula R. Meyer ------------------ Paula R. Meyer President and Principal Executive Officer Date June 28, 2006 By /s/ Jeffrey P. Fox ------------------ Jeffrey P. Fox Treasurer and Principal Financial Officer Date June 28, 2006 EX-99.CERT 2 ex-99cert.txt CERTIFICATION PURSUANT TO 270.30A-2 OF THE INVESTMENT COMPANY ACT OF 1940 Certification Pursuant to 270.30a-2 of the Investment Company Act of 1940 I, Paula Meyer, certify that: 1. I have reviewed this report on Form N-Q of RiverSource Large Cap Series, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of a date within 90 days prior to the filing date of this report based on such evaluation and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: June 22, 2006 /s/ Paula R. Meyer --------------------- Name: Paula R. Meyer Title: President and Chief Executive Officer Certification Pursuant to 270.30a-2 of the Investment Company Act of 1940 I, Jeffrey Fox, certify that: 1. I have reviewed this report on Form N-Q of RiverSource Large Cap Series, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of a date within 90 days prior to the filing date of this report based on such evaluation and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: June 22, 2006 /s/ Jeffrey P. Fox --------------------- Name: Jeffrey P. Fox Title: Treasurer and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----