UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549

FORM N-17f-2

Certificate of Accounting of Securities and Similar
Investments in the Custody of
Management Investment Companies

Pursuant to Rule 17f-2 [17 CFR 270.17f-2]

1.    Investment Company Act File Number:    Date examination completed:

               811-4260                          August 18, 2006

2. State identification Number:

AL       AK       AZ       AR       CA      CO
CT       DE       DC       FL       GA      HI
ID       IL       IN       IA       KS      KY
LA       ME       MD       MA       MI      MN
MS       MO       MT       NE       NV      NH
NJ       NM       NY       NC       ND      OH
OK       OR       PA       RI       SC      SD
TN       TX       UT       VT       VA      WA
WV       WI       WY       PUERTO RICO

Other  (specify):

3. Exact name of investment company as specified in registration statement:

     RiverSource Government Income Series, Inc.

4. Address of principal executive office (number,street,city,state,zip code):

     50606 Ameriprise Financial Center, Minneapolis, MN 55474


          THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT



            REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors of
RiverSource Government Income Series, Inc.:

We have examined management's assertion, included in the accompanying
Management Statement Regarding Compliance with Certain Provisions of the
Investment Company Act of 1940, that RiverSource Short Duration U.S.
Government Fund and RiverSource U.S. Government Mortgage Fund of RiverSource
Government Income Series, Inc. (the Funds) complied with the provisions of
subsection (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940
as of May 31, 2006 and during the period from November 30, 2005 (the date of
our last examination) through May 31, 2006. Management is responsible for the
Funds' compliance with those provisions. Our responsibility is to express an
opinion on management's assertion about the Funds' compliance based on our
examination.

Our examination was made in accordance with standards established by the
Public Company Accounting Oversight Board (United States) and, accordingly,
included examining, on a test basis, evidence about the Funds' compliance with
those requirements and performing such other procedures as we considered
necessary in the circumstances. Included among our procedures were the
following tests performed as of May 31, 2006 and the period from November 30,
2005 through May 31, 2006, with respect to securities transactions:

o     Count and inspection of all securities located in the vault, if any, of
      Ameriprise Trust Company, the Custodian, without prior notice to
      management;

o     Confirmation of all securities, if any, held by institutions in book
      entry form (Wells Fargo Bank Minnesota, N.A., The Bank of New York, and
      The Depository Trust Company);

o     Confirmation or examination of underlying documentation of all
      securities purchased but not received, hypothecated, pledged, placed in
      escrow, or out for transfer with brokers, pledges and/or transfer
      agents;

o     Reconciliation of all such securities to the books and records of the
      Funds and the Custodian; and

o     Test of selected security transactions since the date of our last
      report.

We believe that our examination provides a reasonable basis for our opinion.
Our examination does not provide a legal determination on the Funds'
compliance with the specified requirements.



In our opinion, management's assertion that the Funds were in compliance with
the above mentioned provisions of Rule 17f-2 of the Investment Company Act of
1940 as of May 31, 2006 and for the period from November 30, 2005 through May
31, 2006 is fairly stated in all material respects.

This report is intended solely for the information and use of management of
the Funds and the Securities and Exchange Commission and should not be used
for any other purpose and is not intended to be and should not be used by
anyone other than these specified parties.

/s/ KPMG LLP
- ------------
    KPMG LLP

Minneapolis, MN
August 18, 2006



            MANAGEMENT STATEMENT REGARDING COMPLIANCE WITH CERTAIN
               PROVISIONS OF THE INVESTMENT COMPANY ACT OF 1940

We, as members of management of  RiverSource  Short  Duration U.S.  Government
Fund and RiverSource U.S. Government  Mortgage Fund of RiverSource  Government
Income  Series,  Inc.  (the  Funds) are  responsible  for  complying  with the
requirements of subsections (b) and (c) of Rule 17f-2,  Custody of Investments
by Registered Management  Investment Companies,  of the Investment Company Act
of 1940. We are also responsible for  establishing  and maintaining  effective
internal controls over compliance with those  requirements.  We have performed
an evaluation of the Funds'  compliance  with the  requirements of subsections
(b) and (c) of Rule  17f-2  as of May 31,  2006  and from  November  30,  2005
through May 31, 2006.

Based on this evaluation, we assert that the Funds were in compliance with the
requirements  of  subsections  (b)  and (c) of Rule  17f-2  of the  Investment
Company Act of 1940 as of May 31, 2006 and from  November 30, 2005 through May
31, 2006,  with respect to securities  reflected in the investment  account of
the Funds.

AMERIPRISE FINANCIAL, INC.

By: /s/ Jeffrey P. Fox
    ------------------------------------------
        Jeffrey P. Fox, Vice President-Investment Accounting