497 1 c47523e497.txt 497 . . . (RIVERSOURCE INVESTMENTS LOGO) STATEMENT OF ADDITIONAL INFORMATION (SAI) SUPPLEMENT DATED NOV. 7, 2008
FUND SAI DATE FORM # ------------------------------------------------------------------------------------------------- RIVERSOURCE 120/20 CONTRARIAN EQUITY FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE 130/30 U.S. EQUITY FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE ABSOLUTE RETURN CURRENCY AND INCOME FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE BALANCED FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE CALIFORNIA TAX-EXEMPT FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE CASH MANAGEMENT FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE DISCIPLINED EQUITY FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE DISCIPLINED INTERNATIONAL EQUITY FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE DISCIPLINED LARGE CAP GROWTH FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE DISCIPLINED LARGE CAP VALUE FUND AUG. 1, 2008 S-6500-16 A RIVERSOURCE DISCIPLINED SMALL AND MID CAP EQUITY FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE DISCIPLINED SMALL CAP VALUE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE DIVERSIFIED BOND FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE DIVERSIFIED EQUITY INCOME FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE DIVIDEND OPPORTUNITY FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE EMERGING MARKETS BOND FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE EQUITY VALUE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE FLOATING RATE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE GLOBAL BOND FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE GLOBAL TECHNOLOGY FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE GROWTH FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE HIGH YIELD BOND FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE INCOME BUILDER BASIC INCOME FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE INCOME BUILDER ENHANCED INCOME FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE INCOME BUILDER MODERATE INCOME FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE INCOME OPPORTUNITIES FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE INFLATION PROTECTED SECURITIES FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE INTERMEDIATE TAX-EXEMPT FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE LARGE CAP EQUITY FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE LARGE CAP VALUE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE LIMITED DURATION BOND FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE MID CAP GROWTH FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE MID CAP VALUE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE MINNESOTA TAX-EXEMPT FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE NEW YORK TAX-EXEMPT FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE PARTNERS AGGRESSIVE GROWTH FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE PARTNERS FUNDAMENTAL VALUE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE PARTNERS INTERNATIONAL SELECT GROWTH FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE PARTNERS INTERNATIONAL SELECT VALUE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE PARTNERS INTERNATIONAL SMALL CAP FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE PARTNERS SELECT VALUE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE PARTNERS SMALL CAP EQUITY FUND OCT. 30, 2008 S-6500 AP
FUND SAI DATE FORM # ------------------------------------------------------------------------------------------------- RIVERSOURCE PARTNERS SMALL CAP GROWTH FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE PARTNERS SMALL CAP VALUE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE PORTFOLIO BUILDER AGGRESSIVE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE PORTFOLIO BUILDER CONSERVATIVE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE PORTFOLIO BUILDER MODERATE AGGRESSIVE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE PORTFOLIO BUILDER MODERATE CONSERVATIVE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE PORTFOLIO BUILDER MODERATE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE PORTF OLIO BUILDER TOTAL EQUITY FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE PRECIOUS METALS AND MINING FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE REAL ESTATE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE RETIREMENT PLUS 2010 FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE RETIREMENT PLUS 2015 FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE RETIREMENT PLUS 2020 FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE RETIREMENT PLUS 2025 FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE RETIREMENT PLUS 2030 FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE RETIREMENT PLUS 2035 FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE RETIREMENT PLUS 2040 FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE RETIREMENT PLUS 2045 FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE S&P 500 INDEX FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE SHORT DURATION U.S. GOVERNMENT FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE SMALL CAP ADVANTAGE FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE SMALL COMPANY INDEX FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE STRATEGIC ALLOCATION FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE STRATEGIC INCOME ALLOCATION FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE TAX-EXEMPT BOND FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE TAX-EXEMPT HIGH INCOME FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE TAX-EXEMPT MONEY MARKET FUND OCT. 30, 2008 S-6500 AP RIVERSOURCE U.S. GOVERNMENT MORTGAGE FUND OCT. 30, 2008 S-6500 AP THREADNEEDLE EMERGING MARKETS FUND OCT. 30, 2008 S-6500 AP THREADNEEDLE EUROPEAN EQUITY FUND OCT. 30, 2008 S-6500 AP THREADNEEDLE GLOBAL EQUITY FUND OCT. 30, 2008 S-6500 AP THREADNEEDLE GLOBAL EQUITY INCOME FUND AUG. 1, 2008 S-6500-16 A THREADNEEDLE GLOBAL EXTENDED ALPHA FUND AUG. 1, 2008 S-6500-16 A THREADNEEDLE INTERNATIONAL OPPORTUNITY FUND OCT. 30, 2008 S-6500 AP
The following information has been added to the Table of Contents page of the SAI: The RiverSource complex of funds includes a comprehensive array of funds from RiverSource Investments, including several Seligman funds. RiverSource Investments has also partnered with a number of professional investment managers, including its affiliate, Threadneedle Investments, to expand the array of funds offered in the RiverSource complex. RiverSource funds, RiverSource Partners funds and Threadneedle funds share the same Board of Directors/Trustees (the Board), and the same policies and procedures including those set forth in the service section. Although the Seligman funds share the same Board, they do not currently have the same policies and procedures, and may not be exchanged for shares of the RiverSource funds, RiverSource Partners funds or Threadneedle funds. Please reference Appendix D for a complete list of Seligman funds. The Distributions Services section of the SAI has been revised as follows: RiverSource Distributors, Inc., 50611 Ameriprise Financial Center, Minneapolis, MN 55474, a wholly owned subsidiary of Ameriprise Financial, Inc., and Seligman Advisors, Inc., 100 Park Avenue, New York, NY 10017, a wholly owned subsidiary of RiverSource Investments, LLC (collectively the "distributor") serve as the funds' principal underwriters. Prior to Oct. 1, 2007, Ameriprise Financial Services, Inc. also served as principal underwriter and distributor to the funds. The fund's shares are offered on a continuous basis. Under a Distribution Agreement, sales charges deducted for distributing fund shares are paid to the distributor daily. The following table shows the sales charges paid to the distributor and the amount retained by the distributor after paying commissions and other expenses for each of the last three fiscal periods. The rest of this section remains unchanged. The Board Members and Officers section of the SAI has been revised as follows: Shareholders elect a Board that oversees a fund's operations. The Board appoints officers who are responsible for day-to-day business decisions based on policies set by the Board. The following is a list of each fund's Board members. The RiverSource complex of funds each member oversees consists of 162 funds, which includes 104 RiverSource funds and 58 Seligman funds. Board members serve until the next regular shareholders' meeting or until he or she reaches the mandatory retirement age established by the Board. Under the current Board policy, members may serve until the end of the meeting following their 75th birthday, or the fifteenth anniversary of the first Board meeting they attended as members of the Board, whichever occurs first. This policy does not apply to Ms. Jones who may retire after her 75th birthday. INDEPENDENT BOARD MEMBERS
POSITION HELD WITH FUNDS AND LENGTH OF PRINCIPAL OCCUPATION OTHER COMMITTEE NAME, ADDRESS, AGE SERVICE DURING PAST FIVE YEARS DIRECTORSHIPS MEMBERSHIPS -------------------------------------------------------------------------------------------------------------------------- Kathleen Blatz Board member Chief Justice, Minnesota Supreme None Board Governance, 901 S. Marquette Ave. since 2006 Court, 1998-2006; Attorney Investment Review, Minneapolis, MN 55402 Joint Audit Age 54 -------------------------------------------------------------------------------------------------------------------------- Arne H. Carlson Board member Chair, RiverSource Funds, 1999- None Board Governance, 901 S. Marquette Ave. since 1999 2006; former Governor of Minnesota Compliance, Minneapolis, MN 55402 Contracts, Age 73 Executive, Investment Review -------------------------------------------------------------------------------------------------------------------------- Pamela G. Carlton Board member President, Springboard-Partners in None Distribution, 901 S. Marquette Ave. since 2007 Cross Cultural Leadership Investment Review, Minneapolis, MN 55402 (consulting company) Joint Audit Age 54 -------------------------------------------------------------------------------------------------------------------------- Patricia M. Flynn Board member Trustee Professor of Economics and None Board Governance, 901 S. Marquette Ave. since 2004 Management, Bentley College; former Contracts, Minneapolis, MN 55402 Dean, McCallum Graduate School of Investment Review Age 57 Business, Bentley College -------------------------------------------------------------------------------------------------------------------------- Anne P. Jones Board member Attorney and Consultant None Board Governance, 901 S. Marquette Ave. since 1985 Compliance, Minneapolis, MN 55402 Executive, Age 73 Investment Review, Joint Audit -------------------------------------------------------------------------------------------------------------------------- Jeffrey Laikind, CFA Board member Former Managing Director, American Progressive Investment Review, 901 S. Marquette Ave. since 2005 Shikiar Asset Management Insurance Joint Audit Minneapolis, MN 55402 Age 73 -------------------------------------------------------------------------------------------------------------------------- Stephen R. Lewis, Jr. Chair of the President Emeritus and Professor of Valmont Industries, Board Governance, 901 S. Marquette Ave. Board since Economics, Carleton College Inc. (manufactures Compliance, Minneapolis, MN 55402 2007, irrigation systems) Contracts, Age 69 Board member Executive, since 2002 Investment Review -------------------------------------------------------------------------------------------------------------------------- John F. Maher Board member Retired President and Chief None Distribution, 100 Park Avenue since 2008* Executive Officer and former Investment Review, New York, NY 10017 Director, Great Western Financial Joint AuditM Age 64 Corporation (bank holding company) and its principal subsidiary, Great Western Bank (federal savings bank) -------------------------------------------------------------------------------------------------------------------------- Catherine James Paglia Board member Director, Enterprise Asset None Compliance, 901 S. Marquette Ave. since 2004 Management, Inc. (private real Contracts, Minneapolis, MN 55402 estate and asset management Distribution, Age 56 company) Executive, Investment Review --------------------------------------------------------------------------------------------------------------------------
POSITION HELD WITH FUNDS AND LENGTH OF PRINCIPAL OCCUPATION OTHER COMMITTEE NAME, ADDRESS, AGE SERVICE DURING PAST FIVE YEARS DIRECTORSHIPS MEMBERSHIPS -------------------------------------------------------------------------------------------------------------------------- Leroy C. Richie Board member Counsel, Lewis & Munday, P.C.; Lead Outside Director, Contracts, 100 Park Avenue since 2008* Director, Vibration Control Digital Ally, Inc. Distribution, New York, NY 100 Technologies, LLC (auto vibration (digital imaging); and Investment Review Age 66 technology); Director and Chairman, Infinity, Inc. (oil Highland Park Michigan Economic and gas exploration Development Corp; and Chairman, and production); Detroit Public Schools Foundation. Director, OGE Energy Formerly, Chairman and Chief Corp. (energy and Executive Officer, energy services Q Standards Worldwide, Inc. provider offering (library of technical standards); physical delivery and Director, Kerr-McGee Corporation related services for (diversified energy and chemical both electricity and company); Trustee, New York natural gas). University Law Center Foundation; Vice Chairman, Detroit Medical Center and Detroit Economic Growth Corp. -------------------------------------------------------------------------------------------------------------------------- Alison Taunton-Rigby Board member Chief Executive Officer and Idera Pharmaceuticals, Contracts, 901 S. Marquette Ave. since 2002 Director, RiboNovix, Inc. since Inc. (biotechnology); Distribution, Minneapolis, MN 55402 2003 (biotechnology); former Healthways, Inc. Executive, Age 64 President, Forester Biotech (health management Investment Review programs) --------------------------------------------------------------------------------------------------------------------------
* Mr. Richie will become a Board member effective November 2008. Mr. Maher will become a Board member effective December 2008. BOARD MEMBER AFFILIATED WITH RIVERSOURCE INVESTMENTS*
POSITION HELD WITH FUNDS AND LENGTH OF PRINCIPAL OCCUPATION COMMITTEE NAME, ADDRESS, AGE SERVICE DURING PAST FIVE YEARS OTHER DIRECTORSHIPS MEMBERSHIPS -------------------------------------------------------------------------------------------------------------------------------- William F. Truscott Board member President - U.S. Asset Management and None Investment 53600 Ameriprise Financial since 2001, Vice Chief Investment Officer, Ameriprise Review Center President since Financial, Inc. and President, Chairman Minneapolis, MN 55474 2002 of the Board and Chief Investment Age 48 Officer, RiverSource Investments, LLC since 2005; Director, President and Chief Executive Officer, Ameriprise Certificate Company and Chairman of the Board, Chief Executive Officer and President, RiverSource Distributors, Inc. since 2006; Senior Vice President - Chief Investment Officer, Ameriprise Financial, Inc. and Chairman of the Board and Chief Investment Officer, RiverSource Investments, LLC, 2001-2005 --------------------------------------------------------------------------------------------------------------------------------
* Interested person by reason of being an officer, director, security holder and/or employee of RiverSource Investments. The rest of this section remains the same. The Information Regarding Pending and Settled Legal Proceedings section of the SAI has been revised as follows: In June 2004, an action captioned John E. Gallus et al. v. American Express Financial Corp. and American Express Financial Advisors Inc., was filed in the United States District Court for the District of Arizona. The plaintiffs allege that they are investors in several American Express Company mutual funds and they purport to bring the action derivatively on behalf of those funds under the Investment Company Act of 1940. The plaintiffs allege that fees allegedly paid to the defendants by the funds for investment advisory and administrative services are excessive. The plaintiffs seek remedies including restitution and rescission of investment advisory and distribution agreements. The plaintiffs voluntarily agreed to transfer this case to the United States District Court for the District of Minnesota. In response to defendant's motion to dismiss the complaint, the Court dismissed one of plaintiffs' four claims and granted plaintiffs limited discovery. Defendants moved for summary judgment in April 2007. Summary judgment was granted in the defendants' favor on July 9, 2007. The plaintiffs filed a notice of appeal with the Eighth Circuit Court of Appeals on Aug. 8, 2007. In December 2005, without admitting or denying the allegations, American Express Financial Corporation (AEFC, which is now known as Ameriprise Financial, Inc. (Ameriprise Financial)), entered into settlement agreements with the Securities and Exchange Commission (SEC) and Minnesota Department of Commerce (MDOC) related to market timing activities. As a result, AEFC was censured and ordered to cease and desist from committing or causing any violations of certain provisions of the Investment Advisers Act of 1940, the Investment Company Act of 1940, and various Minnesota laws. AEFC agreed to pay disgorgement of $10 million and civil money penalties of $7 million. AEFC also agreed to retain an independent distribution consultant to assist in developing a plan for distribution of all disgorgement and civil penalties ordered by the SEC in accordance with various undertakings detailed at http://www.sec.gov/litigation/admin/ia-2451.pdf. Ameriprise Financial and its affiliates have cooperated with the SEC and the MDOC in these legal proceedings, and have made regular reports to the RiverSource Funds' Board of Directors/Trustees. On November 7, 2008, RiverSource Investments, LLC, a subsidiary of Ameriprise Financial, Inc., acquired J.&W. Seligman & Co., Inc. ("Seligman"). In late 2003, Seligman conducted an extensive internal review concerning mutual fund trading practices. Seligman's review, which covered the period 2001-2003, noted one arrangement that permitted frequent trading in certain open-end registered investment companies managed by Seligman (the "Seligman Funds"); this arrangement was in the process of being closed down by Seligman before September 2003. Seligman identified three other arrangements that permitted frequent trading, all of which had been terminated by September 2002. In January 2004, Seligman, on a voluntary basis, publicly disclosed these four arrangements to its clients and to shareholders of the Seligman Funds. Seligman also provided information concerning mutual fund trading practices to the SEC and the Office of the Attorney General of the State of New York ("NYAG"). In September 2005, the New York staff of the SEC indicated that it was considering recommending to the Commissioners of the SEC the instituting of a formal action against Seligman and the distributor of the Seligman Funds, Seligman Advisors, Inc., relating to frequent trading in the Seligman Funds. Seligman responded to the staff in October 2005 that it believed that any action would be both inappropriate and unnecessary, especially in light of the fact that Seligman had previously resolved the underlying issue with the Independent Directors of the Seligman Funds and made recompense to the affected Seligman Funds. In September 2006, the NYAG commenced a civil action in New York State Supreme Court against Seligman, Seligman Advisors, Inc., Seligman Data Corp. (transfer agent for the Seligman Funds) and Brian T. Zino (collectively, the "Seligman Parties"), alleging, in substance, that, in addition to the four arrangements noted above, the Seligman Parties permitted other persons to engage in frequent trading and, as a result, the prospectus disclosure used by the registered investment companies managed by Seligman is and has been misleading. The NYAG included other related claims and also claimed that the fees charged by Seligman to the Seligman Funds were excessive. The NYAG is seeking damages of at least $80 million and restitution, disgorgement, penalties and costs and injunctive relief. The Seligman Parties answered the complaint in December 2006 and believe that the claims are without merit. Any resolution of these matters may include the relief noted above or other sanctions or changes in procedures. Any damages would be paid by Seligman and not by the Seligman Funds. If the NYAG obtains injunctive relief, Seligman and its affiliates could, in the absence of the SEC in its discretion granting exemptive relief, be enjoined from providing advisory and underwriting services to the Seligman Funds and other registered investment companies. Seligman does not believe that the foregoing legal action or other possible actions will have a material adverse impact on Seligman or its clients, including the Seligman Funds and other investment companies managed by it; however, there can be no assurance of this or that these matters and any related publicity will not affect demand for shares of the Seligman Funds and such other investment companies or have other adverse consequences. Ameriprise Financial and certain of its affiliates have historically been involved in a number of legal, arbitration and regulatory proceedings, including routine litigation, class actions, and governmental actions, concerning matters arising in connection with the conduct of their business activities. Ameriprise Financial believes that the Funds are not currently the subject of, and that neither Ameriprise Financial nor any of its affiliates are the subject of, any pending legal, arbitration or regulatory proceedings that are likely to have a material adverse effect on the Funds or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Funds. Ameriprise Financial is required to make 10-Q, 10-K and, as necessary, 8-K filings with the Securities and Exchange Commission on legal and regulatory matters that relate to Ameriprise Financial and its affiliates. Copies of these filings may be obtained by accessing the SEC website at www.sec.gov. There can be no assurance that these matters, or the adverse publicity associated with them, will not result in increased fund redemptions, reduced sale of fund shares or other adverse consequences to the Funds. Further, although we believe proceedings are not likely to have a material adverse effect on the Funds or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Funds, these proceedings are subject to uncertainties and, as such, we are unable to estimate the possible loss or range of loss that may result. An adverse outcome in one or more of these proceedings could result in adverse judgments, settlements, fines, penalties or other relief that could have a material adverse effect on the consolidated financial condition or results of operations of Ameriprise Financial. The following "Appendix D: Seligman funds" has been added to the SAI appendices: Seligman Capital Fund, Inc. Seligman Cash Management Fund, Inc. Seligman Common Stock Fund, Inc. Seligman Communications and Information Fund, Inc. Seligman Core Fixed Income Fund, Inc. Seligman Frontier Fund, Inc. Seligman Global Fund Series, Inc. Seligman Emerging Markets Fund Seligman Global Smaller Companies Fund Seligman Global Growth Fund Seligman Global Technology Fund Seligman International Growth Fund Seligman Growth Fund, Inc. Seligman High Income Fund Series Seligman U.S. Government Securities Fund Seligman High-Yield Fund Seligman Income and Growth Fund, Inc. Seligman LaSalle Real Estate Fund Series, Inc. Seligman LaSalle Global Real Estate Fund Seligman LaSalle Monthly Dividend Real Estate Fund Seligman Municipal Fund Series, Inc. Seligman National Municipal Class Seligman Colorado Municipal Class Seligman Georgia Municipal Class Seligman Louisiana Municipal Class Seligman Maryland Municipal Class Seligman Massachusetts Municipal Class Seligman Michigan Municipal Class Seligman Minnesota Municipal Class Seligman Missouri Municipal Class Seligman New York Municipal Class Seligman Ohio Municipal Class Seligman Oregon Municipal Class Seligman South Carolina Municipal Class Seligman Municipal Series Trust Seligman California Municipal High Yield Series Seligman California Municipal Quality Series Seligman Florida Municipal Series Seligman North Carolina Municipal Series Seligman New Jersey Municipal Fund, Inc. Seligman Pennsylvania Municipal Fund Series Seligman Portfolios, Inc. Seligman Capital Portfolio Seligman Cash Management Portfolio Seligman Common Stock Portfolio Seligman Communications and Information Portfolio Seligman Global Technology Portfolio Seligman International Growth Portfolio Seligman Investment Grade Fixed Income Portfolio Seligman Large-Cap Value Portfolio Seligman Smaller-Cap Value Portfolio Seligman TargetHorizon ETF Portfolios, Inc. Seligman TargETFund 2045 Seligman TargETFund 2035 Seligman TargETFund 2025 Seligman TargETFund 2015 Seligman TargETFund Core Seligman Asset Allocation Series, Inc. Seligman Asset Allocation Aggressive Growth Fund Seligman Asset Allocation Balanced Fund Seligman Asset Allocation Growth Fund Seligman Asset Allocation Moderate Growth Fund Seligman Value Fund Series, Inc. Seligman Large-Cap Value Fund Seligman Smaller-Cap Value Fund Seligman LaSalle International Real Estate Fund, Inc. Seligman Select Municipal Fund, Inc. Tri-Continental Corporation S-6500-28 A (11/08)