497 1 c18082ce497.txt FORM 497 . . . (RIVERSOURCE INVESTMENTS LOGO) PROSPECTUS SUPPLEMENT AUGUST 30, 2007*
NAME OF FUND PROSPECTUS DATE FORM NUMBER RiverSource Absolute Return Currency and Income Fund Dec. 29, 2006 S-6502-99 C RiverSource Balanced Fund Nov. 29, 2006 S-6326-99 AA RiverSource California Tax-Exempt Fund Feb. 28, 2007 S-6328-99 AE RiverSource Core Bond Fund Sept. 29, 2006 S-6267-99 F RiverSource Disciplined Equity Fund Sept. 29, 2006 S-6263-99 F RiverSource Disciplined International Equity Fund Dec. 29, 2006 S-6506-99 C RiverSource Disciplined Large Cap Growth Fund April 25, 2007 S-6285-99 A RiverSource Disciplined Small and Mid Cap Equity Fund Sept. 29, 2006 S-6505-99 C RiverSource Disciplined Small Cap Value Fund Sept. 29, 2006 S-6397-99 C RiverSource Diversified Bond Fund Oct. 30, 2006 S-6495-99 Z RiverSource Diversified Equity Income Fund Nov. 29, 2006 S-6475-99 AA RiverSource Emerging Markets Fund Dec. 29, 2006 S-6354-99 R RiverSource Emerging Markets Bond Fund Dec. 29, 2006 S-6398-99 C RiverSource Equity Value Fund May 30, 2007 S-6382-99 V RiverSource European Equity Fund Dec. 29, 2006 S-6006-99 K RiverSource Floating Rate Fund Sept. 29, 2006 S-6501-99 C RiverSource Global Bond Fund Dec. 29, 2006 S-6309-99 AC RiverSource Global Equity Fund Dec. 29, 2006 S-6334-99 AC RiverSource Global Technology Fund Dec. 29, 2006 S-6395-99 L RiverSource Growth Fund Sept. 29, 2006 S-6455-99 AA RiverSource Income Opportunities Fund Sept. 29, 2006 S-6266-99 F RiverSource Inflation Protected Securities Fund Sept. 29, 2006 S-6280-99 E RiverSource Intermediate Tax-Exempt Fund Jan. 29, 2007 S-6355-99 R RiverSource International Aggressive Growth Fund Dec. 29, 2006 S-6243-99 K RiverSource International Equity Fund Dec. 29, 2006 S-6259-99 H RiverSource International Opportunity Fund Dec. 29, 2006 S-6140-99 AD RiverSource International Select Value Fund Dec. 29, 2006 S-6242-99 K RiverSource International Small Cap Fund Dec. 29, 2006 S-6258-99 H RiverSource Large Cap Equity Fund Sept. 29, 2006 S-6244-99 G RiverSource Large Cap Value Fund Sept. 29, 2006 S-6246-99 G RiverSource Limited Duration Bond Fund Sept. 29, 2006 S-6265-99 F RiverSource Massachusetts Tax-Exempt Fund Feb. 28, 2007 S-6328-99 AE RiverSource Michigan Tax-Exempt Fund Feb. 28, 2007 S-6328-99 AE RiverSource Mid Cap Growth Fund Jan. 29, 2007 S-6426-99 AC RiverSource Mid Cap Value Fund Nov. 29, 2006 S-6241-99 H RiverSource Minnesota Tax-Exempt Fund Feb. 28, 2007 S-6328-99 AE RiverSource New York Tax-Exempt Fund Feb. 28, 2007 S-6328-99 AE RiverSource Ohio Tax-Exempt Fund Feb. 28, 2007 S-6328-99 AE RiverSource Precious Metals and Mining Fund May 30, 2007 S-6142-99 AD RiverSource Small Cap Advantage Fund May 30, 2007 S-6427-99 M RiverSource Small Cap Growth Fund May 30, 2007 S-6301-99 K RiverSource Small Company Index Fund March 30, 2007 S-6357-99 T
-------------------------------------------------------------------------------- S-6382-3 A (8/07) Valid until next update *Destroy May 30, 2008
NAME OF FUND PROSPECTUS DATE FORM NUMBER RiverSource Strategic Allocation Fund Nov. 29, 2006 S-6141-99 C RiverSource Strategic Income Allocation Fund April 25, 2007 S-6287-99 A RiverSource Tax-Exempt Bond Fund Jan. 29, 2007 S-6310-99 AD RiverSource Tax-Exempt High Income Fund Jan. 29, 2007 S-6430-99 AD
The discussion of "Investment Options - Classes of Shares - Determining which class of shares to purchase" is supplemented as follows: CLASS R SHARES. The following eligible institutional investors may purchase Class R2, Class R3, Class R4 and Class R5 shares: - Qualified employee benefit plans. - Trust companies or similar institutions, and charitable organizations that meet the definition in Section 501(c)(3) of the Internal Revenue Code. - Non-qualified deferred compensation plans whose participants are included in a qualified employee benefit plan described above. - State sponsored college savings plans established under Section 529 of the Internal Revenue Code. - Health Savings Accounts (HSAs) created pursuant to public law 108-173. Additionally, if approved by the distributor, the following eligible institutional investors may purchase Class R5 shares: - Institutional or corporate accounts above a threshold established by the distributor (currently $1 million per fund or $10 million in all RiverSource funds). - Bank Trusts departments. Class R shares generally are not available to retail non-retirement accounts, traditional and Roth IRAs, Coverdell Educational Savings Accounts, SEPs, SAR- SEPs, SIMPLE IRAs and individual 403(b) plans. Class R shares may be purchased, sold or exchanged only through the distributor or an authorized financial institution. CLASS W SHARES. The following eligible investors may purchase Class W shares: - Investors purchasing through authorized investment programs managed by investment professionals, including discretionary managed account programs. Class W shares may be purchased, sold or exchanged only through the distributor or an authorized financial institution. Shares originally purchased in a discretionary managed account may continue to be held in Class W outside of a discretionary managed account, but no additional Class W purchases may be made and no exchanges to Class W shares of another fund may be made outside of a discretionary managed account. IN ADDITION, FOR CLASS I, CLASS R AND CLASS W SHARES, THE DISTRIBUTOR, IN ITS SOLE DISCRETION, MAY ACCEPT INVESTMENTS FROM OTHER PURCHASERS NOT LISTED ABOVE. For more information, see the SAI. -------------------------------------------------------------------------------- -- 2 -- The discussion of "Sales Charges - Initial Sales Charge - Waivers of the sales charge for Class A shares" is supplemented as follows: INITIAL SALES CHARGE - WAIVERS OF THE SALES CHARGE FOR CLASS A SHARES. SALES CHARGES DO NOT APPLY TO: - current or retired Board members, officers or employees of RiverSource funds or RiverSource Investments or its affiliates, their spouses or domestic partners, children, parents and their spouse's or domestic partner's parents. - current or retired Ameriprise Financial Services, Inc. (Ameriprise Financial Services) financial advisors, employees of financial advisors, their spouses or domestic partners, children, parents and their spouse's or domestic partner's parents. - registered representatives and other employees of financial institutions having a selling agreement with the distributor, including their spouses, domestic partners, children, parents and their spouse's or domestic partner's parents. - portfolio managers employed by subadvisers of the RiverSource funds, including their spouses or domestic partners, children, parents and their spouse's or domestic partner's parents. - qualified employee benefit plans offering participants daily access to RiverSource funds. Eligibility must be determined in advance. For assistance, please contact your financial institution. - direct rollovers from qualified employee benefit plans, provided that the rollover involves a transfer of Class R or Class Y shares in a fund to Class A shares in the same fund. - purchases made: - with dividend or capital gain distributions from a fund or from the same class of another RiverSource fund; - through or under a wrap fee product or other investment product sponsored by a financial institution having a selling agreement with the distributor; - through state sponsored college savings plans established under Section 529 of the Internal Revenue Code; - through bank trust departments. - shareholders whose original purchase was in a Strategist fund merged into a RiverSource fund in 2000. The distributor may, in its sole discretion, authorize the waiver of sales charges for additional purchases or categories of purchases. Policies related to reducing or waiving the sales charge may be modified or withdrawn at any time. Unless you provide your financial institution with information in writing about all of the factors that may count toward a waiver of the sales charge, there can be no assurance that you will receive all of the waivers for which you may be eligible. You should request that your financial institution provide this information to the fund when placing your purchase order. Because the current prospectus is available on RiverSource Investment's website free of charge, RiverSource Investments does not disclose this information separately on the website. The discussion of "Opening an Account" is supplemented as follows: These minimums may be waived for accounts that are managed by an investment professional, for accounts held in approved discretionary or non-discretionary wrap accounts, for accounts that are part of an employer-sponsored retirement plan, or for other account types if approved by the distributor. The fund reserves the right to modify its minimum account requirements at any time, with or without prior notice. Please contact your financial institution for information regarding wire or electronic funds transfer. -------------------------------------------------------------------------------- -- 3 --