EX-99.77K CHNG ACCNT 4 ex77k.txt CHANGES IN REGISTRANTS CERTIFYING ACCOUNTANT January 24, 2008 Exhibit to Item 77K Changes in Registrant's Certifying Accountant On April 13, 2007, KPMG LLP was dismissed as RiverSource Income Series, Inc. (the "Registrant") principal accountants. The Joint Audit Committee and the Board of Directors of the Registrant approved the dismissal of KPMG LLP on April 12, 2007. The audit reports of KPMG LLP on the Registrant's financial statements for RiverSource Income Builder Basic Income Fund, RiverSource Income Builder Enhanced Income Fund and RiverSource Income Builder Moderate Income Fund of and for the fiscal year ended May 31, 2007 and for the fiscal period from February 16, 2006 (when shares became publicly available) to May 31, 2006, did not contain an adverse opinion or a disclaimer of opinion, nor were such reports qualified or modified as to uncertainty, audit scope or accounting principles. During the Registrant's fiscal year ended May 31, 2007, and for the fiscal period from February 16, 2006 (when shares became publicly available) to May 31, 2006, and the subsequent interim period through April 13, 2007, there were no (i) disagreements with KPMG LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of KPMG LLP, would have caused KPMG LLP to make reference in connection with their opinions to the subject matter of the disagreement; or (ii) reportable events pursuant to paragraph (v) of Item 304(a)(1) of Regulation S-K. The Registrant has requested KPMG LLP to furnish a letter addressed to the SEC stating whether or not it agrees with the above statements. A copy of that letter dated January 24, 2008, from KPMG LLP is filed as Exhibit 77Q(1) to this Form N-SAR. On April 12, 2007, the Board of Directors of the Registrant approved the engagement of Ernst & Young LLP (E&Y) as its independent auditors for the fiscal period ending January 31, 2008 (management of the Registrant elected to change the Registrant's fiscal year end from May 31 to January 31 effective January 31, 2008) to replace KPMG LLP. During the Registrant's fiscal year ended May 31, 2007 and for the fiscal period from February 16, 2006 (when shares became publicly available) to May 31, 2006 and the subsequent interim period preceding E&Y's appointment, neither the Registrant nor anyone on behalf of the Registrant consulted with E&Y on any matter regarding: (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Registrant's financial statements, and neither a written report was provided to the Registrant nor oral advice was provided that E&Y concluded was an important factor considered by the Registrant in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) either a disagreement or a reportable event, as defined in Item 304(a)(1)(iv) and (v) of Regulation S-K, respectively.