485BPOS 1 c34807cae485bpos.txt POST EFFECTIVE AMENDMENT TO FORM N-1A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form N-1A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Pre-Effective Amendment No. Post-Effective Amendment No. 40 (File No. 33-5103) [X] and/or REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 Amendment No. 50 (File No. 811-4646) [X] RIVERSOURCE CALIFORNIA TAX-EXEMPT TRUST 50606 Ameriprise Financial Center Minneapolis, Minnesota 55474 Scott R. Plummer 5228 Ameriprise Financial Center Minneapolis, MN 55474 (612) 671-1947 Approximate Date of Proposed Public Offering: It is proposed that this filing will become effective (check appropriate box) [ ] immediately upon filing pursuant to paragraph (b) [X] on Oct. 30, 2008 pursuant to paragraph (b) [ ] 60 days after filing pursuant to paragraph (a)(1) [ ] on (date) pursuant to paragraph (a)(1) [ ] 75 days after filing pursuant to paragraph (a)(2) [ ] on (date) pursuant to paragraph (a)(2) of rule 485 If appropriate, check the following box: [ ] this post-effective amendment designates a new effective date for a previously filed post-effective amendment. PART A. The Prospectus for RiverSource California, Minnesota and New York Funds filed on or about Oct. 28, 2008 in RiverSource Special Tax-Exempt Series Trust Post-Effective Amendment No. 46 to Registration Statement 33-5102 is incorporated herein by reference. PART B. The Statement of Additional Information and Financial Statements for RiverSource California, Minnesota and New York Funds filed on or about Oct. 28, 2008 in RiverSource Special Tax-Exempt Series Trust Post-Effective Amendment No. 46 to Registration Statement 33-5102 are incorporated herein by reference. PART C. OTHER INFORMATION Item 23. Exhibits (a) Amended and Restated Agreement and Declaration of Trust, dated April 7, 1986, amended April 21, 2006, filed electronically on or about Oct. 26, 2006 as Exhibit (a) to Registrant's Post-Effective Amendment No. 37 to Registration Statement No. 33-5103 is incorporated by reference. (b) By-laws, dated April 7, 1986, amended April 13, 2006, filed electronically on or about Oct. 26, 2006 as Exhibit (b) to Registrant's Post-Effective Amendment No. 37 to Registration Statement No. 33-5103 are incorporated by reference. (c) Certificate for shares of beneficial interest, filed as Exhibit 4 to Pre-Effective Amendment No. 1 to Registration Statement No. 33-5103, is incorporated by reference. (d) Investment Management Services Agreement, amended and restated, dated May 1, 2006, between Registrant and RiverSource Investments, LLC filed electronically on or about Oct. 26, 2006 as Exhibit (d) to Registrant's Post-Effective Amendment No. 37 to Registration Statement No. 33-5103 is incorporated by reference. (e)(1) Distribution Agreement, effective Aug. 1, 2006, amended and restated as of Sept. 11, 2007, between Registrant and RiverSource Distributors, Inc. filed electronically on or about Oct. 30, 2007 as Exhibit (e)(2) to RiverSource Diversified Income Series, Inc. Post-Effective Amendment No. 63 to Registration Statement No. 2-51586 is incorporated by reference. (e)(2) Form of Service Agreement for RiverSource Distributors, Inc. and RiverSource Service Corporation filed electronically on or about Aug. 27, 2007 as Exhibit (e)(3) to RiverSource Sector Series, Inc. Post-Effective Amendment No. 39 to Registration Statement No. 33-20872 is incorporated by reference. (e)(3) Form of RiverSource Funds Dealer Agreement filed electronically on or about Aug. 27, 2007 as Exhibit (e)(4) to RiverSource Sector Series, Inc. Post-Effective Amendment No. 39 to Registration Statement No. 33-20872 is incorporated by reference. (f) Bonus or Profit Sharing Contracts: Not Applicable. (g)(1) Custody Agreement, dated Nov. 10, 2005, between Registrant and U.S. Bank National Association filed electronically on or about Jan. 27, 2006 as Exhibit (g) to AXP High Yield Tax-Exempt Series, Inc. Post-Effective Amendment No. 47 to Registration Statement No. 2-63552 is incorporated by reference. (g)(2) Amendment, dated July 13, 2006, to the Custody Agreement between Registrant and U.S. Bank National Association filed electronically on or about Oct. 25, 2006 as Exhibit (g)(2) to RiverSource Diversified Income Series, Inc. Post-Effective Amendment No. 62 to Registration Statement No. 2-51586 is incorporated by reference. (g)(3) Second Amendment, dated Sept. 11, 2007, to the Custody Agreement between Registrant and U.S. Bank National Association filed electronically on or about July 28, 2008 as Exhibit (g)(3) to RiverSource High Yield Income Series, Inc. Post-Effective Amendment No. 45 to Registration Statement No. 2-86637 is incorporated by reference. (h)(1) Administrative Services Agreement, dated Oct. 1, 2005, amended and restated June 12, 2008, between Registrant and Ameriprise Financial, Inc. filed electronically on or about July 28, 2008 as Exhibit (h)(1) to RiverSource High Yield Income Series, Inc. Post-Effective Amendment No. 45 to Registration Statement No. 2-86637 is incorporated by reference. (h)(2) Transfer Agency Agreement, dated Oct. 1, 2005, amended and restated June 12, 2008, between Registrant and RiverSource Service Corporation filed electronically on or about July 28, 2008 as Exhibit (h)(2) to RiverSource High Yield Income Series, Inc. Post-Effective Amendment No. 45 to Registration Statement No. 2-86637 is incorporated by reference. (h)(3) Master Fee Cap/Fee Waiver Agreement, dated Oct. 1, 2005, amended and restated June 12, 2008, between RiverSource Investments, LLC, Ameriprise Financial, Inc., RiverSource Service Corporation, RiverSource Distributors, Inc. and the Registrant filed electronically on or about July 28, 2008 as Exhibit (h)(5) to RiverSource High Yield Income Series, Inc. Post-Effective Amendment No. 45 to Registration Statement No. 2-86637 is incorporated by reference. (h)(4) License Agreement, effective May 1, 2006, amended and restated as of Sept. 11, 2007, between Ameriprise Financial, Inc. and RiverSource Funds filed electronically on or about Oct. 30, 2007 as Exhibit (h)(7) to RiverSource Diversified Income Series, Inc. Post-Effective Amendment No. 63 to Registration Statement No. 2-51586 is incorporated by reference. (i) Opinion and consent of counsel as to the legality of the securities being registered is filed electronically herewith. (j) Consent of Independent Registered Public Accounting Firm (Ernst & Young LLP) is filed electronically herewith. (k) Omitted Financial Statements: Not Applicable. (l) Initial Capital Agreement: Not Applicable. (m) Plan and Agreement of Distribution, dated Aug. 1, 2006, amended and restated June 12, 2008, between Registrant and RiverSource Distributors, Inc. filed electronically on or about July 28, 2008 as Exhibit (m) to RiverSource High Yield Income Series, Inc. Post-Effective Amendment No. 45 to Registration Statement No. 2-86637 is incorporated by reference. (n) Rule 18f - 3(d) Plan, amended and restated as of June 12, 2008, filed electronically on or about June 30, 2008 as Exhibit (n) to RiverSource Investment Series, Inc. Post-Effective Amendment No. 120 to Registration Statement No. 2-11328 is incorporated by reference. (o) Reserved. (p)(1) Code of Ethics adopted under Rule 17j-1 for Registrant filed electronically on or about Aug. 27, 2007 as Exhibit (p)(1) to RiverSource Sector Series, Inc. Post-Effective Amendment No. 39 to Registration Statement No. 33-20872 is incorporated by reference. (p)(2) Codes of Ethics adopted under Rule 17j-1 for Registrant's investment adviser, dated Jan. 2008, and for Registrant's principal underwriter, dated April 2008, filed electronically on or about April 25, 2008 as Exhibit (p)(2) to RiverSource Variable Series Trust Post-Effective Amendment No. 3 to Registration Statement No. 333-146374 are incorporated by reference. (q) Directors/Trustees Power of Attorney to sign Amendments to this Registration Statement, dated Sept. 11, 2007, filed electronically on or about Oct. 30, 2007 as Exhibit (q) to Registrant's Post-Effective Amendment No. 39 to Registration Statement No. 33-5103 is incorporated by reference. Item 24. Persons Controlled by or Under Common Control with Registrant: RiverSource Investments, LLC, as sponsor of the RiverSource Funds, may make initial capital investments in RiverSource funds (seed accounts). RiverSource Investments also serves as investment manager of certain RiverSource funds-of-funds that invest primarily in Class I shares of affiliated RiverSource funds (the "underlying funds"). RiverSource Investments does not make initial capital investments or invest in underlying funds for the purpose of exercising control. However, since these ownership interests may be significant, in excess of 25%, such that RiverSource Investments may be deemed to control certain RiverSource funds, procedures have been put in place to assure that public shareholders determine the outcome of all actions taken at shareholder meetings. Specifically, RiverSource Investments (which votes proxies for the seed accounts) and the Boards of Directors or Trustees of the RiverSource funds-of-funds (which votes proxies for the RiverSource funds-of-funds) vote on each proposal in the same proportion that other shareholders vote on the proposal. Item 25. Indemnification The Agreement and Declaration of Trust of the registrant provides that the Trust shall indemnify any person who was or is a party or is threatened to be made a party, by reason of the fact that she or he is or was a trustee, officer, employee or agent of the Trust, or is or was serving at the request of the Trust as a trustee, officer, employee or agent of another company, partnership, joint venture, trust or other enterprise, to any threatened, pending or completed action, suit or proceeding, wherever brought, and the Trust may purchase liability insurance and advance legal expenses, all to the fullest extent permitted by the laws of the Commonwealth of Massachusetts, as now existing or hereafter amended. The By-laws of the registrant provide that present or former trustees or officers of the Trust made or threatened to be made a party to or involved (including as a witness) in an actual or threatened action, suit or proceeding shall be indemnified by the Trust to the full extent authorized by the Massachusetts Business Corporation Act, all as more fully set forth in the By-laws filed as an exhibit to this registration statement. Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to trustees, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a trustee, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such trustee, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. Any indemnification hereunder shall not be exclusive of any other rights of indemnification to which the trustees, officers, employees or agents might otherwise be entitled. No indemnification shall be made in violation of the Investment Company Act of 1940. Item 26. Business and Other Connections of the Investment Adviser (RiverSource Investments, LLC) The following are directors and principal officers of RiverSource Investments, LLC who are directors and/or officers of one or more other companies:
Name and Title Other Companies Address* Title within other companies -------------------------------- ----------------------------------------------- ----------------- ------------------------------ Neysa M. Alecu, Advisory Capital Partners LLC Dissolved Anti-Money Laundering Officer Anti-Money Laundering (resigned 5/23/06) Officer Advisory Capital Strategies Group Inc. Anti-Money Laundering Officer Advisory Convertible Arbitrage LLC Dissolved Anti-Money Laundering Officer (resigned 5/23/06) Advisory Select LLC Dissolved Anti-Money Laundering Officer (resigned 5/1/07) American Enterprise Investment Services Inc. 70400 AXP Anti-Money Laundering Officer Financial Center, Minneapolis, MN 55474 American Enterprise Life Insurance Company Dissolved Anti-Money Laundering Officer (resigned 12/30/06) American Enterprise REO 1 LLC Dissolved Anti-Money Laundering Officer (resigned 6/13/07) American Express Insurance Agency of Alabama Dissolved Anti-Money Laundering Officer Inc. (resigned 6/29/07) American Express Insurance Agency of Arizona Dissolved Anti-Money Laundering Officer Inc. (resigned 6/29/07) American Express Insurance Agency of Idaho Inc. Dissolved Anti-Money Laundering Officer (resigned 6/29/07) American Express Insurance Agency of Maryland Dissolved Anti-Money Laundering Officer Inc. (resigned 7/27/07) American Express Insurance Agency of Dissolved Anti-Money Laundering Officer Massachusetts Inc. (resigned 8/18/07) American Express Insurance Agency of Nevada Dissolved Anti-Money Laundering Officer Inc. (resigned 6/29/07) American Express Insurance Agency of New Dissolved Anti-Money Laundering Officer Mexico Inc. (resigned 6/29/07) American Express Insurance Agency of Oklahoma Dissolved Anti-Money Laundering Officer Inc. (resigned 6/29/07) American Express Insurance Agency of Texas Inc. Dissolved Anti-Money Laundering Officer (resigned 7/29/07) American Express Insurance Agency of Wyoming Dissolved Anti-Money Laundering Officer Inc. (resigned 7/2/07) American Partners Life Insurance Company Dissolved Anti-Money Laundering Officer (resigned 12/30/06) Ameriprise Auto & Home Insurance Agency, Inc. 3500 Packerland Anti-Money Laundering Officer Drive De Pere, WI 54115 Ameriprise Certificate Company 70100 Ameriprise Anti-Money Laundering Officer Financial Center, (resigned 8/24/07) Minneapolis, MN 55474 Ameriprise Financial, Inc. 200 Ameriprise Anti-Money Laundering Officer Financial Center, Minneapolis, MN 55474 Ameriprise Financial Services, Inc. 5221 Ameriprise Anti-Money Laundering Officer Financial Center, Minneapolis, MN 55474
Name and Title Other Companies Address* Title within other companies -------------------------------- ----------------------------------------------- ----------------- ------------------------------ Ameriprise Trust Company 200 Ameriprise Anti-Money Laundering Officer Financial Center, Minneapolis, MN 55474 Boston Equity General Partner LLC Anti-Money Laundering Officer IDS Capital Holdings Inc. Anti-Money Laundering Officer IDS Management Corporation Anti-Money Laundering Officer RiverSource Distributors, Inc. 50611 Ameriprise Anti-Money Laundering Officer Financial Center, Minneapolis, MN 55474 RiverSource Life Insurance Company 829 Ameriprise Anti-Money Laundering Officer Financial Center, Minneapolis, MN 55474 RiverSource Service Corporation 734 Ameriprise Anti-Money Laundering Officer Financial Center, Minneapolis, MN 55474 Patrick Thomas Bannigan, Ameriprise Trust Company 200 Ameriprise Director, Director and Senior Vice Financial Center, Senior Vice President President - Asset Minneapolis, MN Management, Products and 55474 Marketing RiverSource Distributors, Inc. 50611 Ameriprise Vice President Financial Center, Minneapolis, MN 55474 RiverSource Service Corporation 734 Ameriprise Director Financial Center, Minneapolis, MN 55474 Walter S. Berman, Advisory Capital Partners LLC Dissolved Treasurer (resigned 5/23/06) Treasurer Advisory Capital Strategies Group Inc. Treasurer Advisory Convertible Arbitrage LLC Dissolved Treasurer (resigned 5/23/06) Advisory Select LLC Dissolved Treasurer (resigned 5/1/07) American Centurion Life Assurance Company Dissolved Vice President and Treasurer (resigned 12/30/06) American Enterprise Investment Services Inc. 70400 AXP Treasurer Financial Center, Minneapolis, MN 55474 American Enterprise Life Insurance Company Dissolved Vice President and Treasurer (resigned 12/30/06) American Enterprise REO 1 LLC Dissolved Treasurer (resigned 6/13/07) American Express Financial Advisors, Japan Dissolved Vice President and Treasurer Inc. (resigned 2/4/08) American Express Insurance Agency of Alabama, Dissolved Treasurer (resigned 6/29/07) Inc. American Express Insurance Agency of Arizona, Dissolved Treasurer (resigned 6/29/07) Inc. American Express Insurance Agency of Idaho, Dissolved Treasurer (resigned 6/29/07) Inc.
Name and Title Other Companies Address* Title within other companies -------------------------------- ----------------------------------------------- ----------------- ------------------------------ American Express Insurance Agency of Maryland, Dissolved Treasurer (resigned 7/27/07) Inc. American Express Insurance Agency of Dissolved Treasurer (resigned 8/18/07) Massachusetts, Inc. American Express Insurance Agency of Nevada, Dissolved Treasurer (resigned 6/29/07) Inc. American Express Insurance Agency of New Dissolved Treasurer (resigned 6/29/07) Mexico, Inc. American Express Insurance Agency of Oklahoma, Dissolved Treasurer (resigned 6/29/07) Inc. American Express Insurance Agency of Wyoming, Dissolved Treasurer (resigned 7/2/07) Inc. American Express Property Casualty Insurance Treasurer Agency of Kentucky, Inc. American Express Property Casualty Insurance Treasurer Agency of Maryland, Inc. American Express Property Casualty Insurance Treasurer Agency of Pennsylvania, Inc. American Partners Life Insurance Company Dissolved Vice President and Treasurer (resigned 12/30/06) Ameriprise Auto & Home Insurance Agency Inc. 3500 Packerland Treasurer Drive De Pere, WI 54115 Ameriprise Bank, FSB 9393 Ameriprise Treasurer Financial Center, Minneapolis, MN 55474 Ameriprise Captive Insurance Company Director and Treasurer Ameriprise Certificate Company 70100 Ameriprise Treasurer and Investment Financial Center, Committee Member (resigned Minneapolis, MN 8/24/07) 55474 Ameriprise Financial, Inc. 200 Ameriprise Executive Vice President, Financial Center, Chief Financial Officer and Minneapolis, MN Treasurer 55474 Ameriprise Financial Services, Inc. 5221 Ameriprise Director and Treasurer Financial Center, Minneapolis, MN 55474 Ameriprise Insurance Company 3500 Packerland Treasurer Drive De Pere, WI 54115 AMEX Assurance Company Dissolved Treasurer (resigned 3/15/07) Boston Equity General Partner LLC Treasurer IDS Cable Corporation Dissolved Treasurer (resigned 5/31/07) IDS Cable II Corporation Dissolved Treasurer (resigned 6/18/07) IDS Capital Holdings Inc. Treasurer IDS Management Corporation Treasurer IDS Partnership Services Corporation Dissolved Treasurer (resigned 6/18/07) IDS Property Casualty Insurance Company 3500 Packerland Treasurer Drive De Pere, WI 54115
Name and Title Other Companies Address* Title within other companies -------------------------------- ----------------------------------------------- ----------------- ------------------------------ IDS Realty Corporation Dissolved Treasurer (resigned 6/18/07) IDS REO 1, LLC Treasurer IDS REO 2, LLC Treasurer Investors Syndicate Development Corporation Vice President and Treasurer Kenwood Capital Management LLC 333 S. 7th Street, Treasurer (resigned 9/30/06) Suite 2330, Minneapolis, MN 55402 RiverSource CDO Seed Investments, LLC Treasurer RiverSource Distributors, Inc. 50611 Ameriprise Treasurer Financial Center, Minneapolis, MN 55474 RiverSource Distributors Ltd Dissolved Treasurer (resigned) RiverSource Life Insurance Company of New York 20 Madison Vice President and Treasurer Ave. Extension, Albany, NY 12005 RiverSource Life Insurance Company 829 Ameriprise Vice President and Treasurer Financial Center, Minneapolis, MN 55474 RiverSource Service Corporation 734 Ameriprise Treasurer Financial Center, Minneapolis, MN 55474 RiverSource Tax Advantaged Investments, Inc. Treasurer Securities America Advisors Inc. 12325 Port Grace Director Blvd., Lavista, NE 68128-8204 Securities America Financial Corporation 7100 W. Center Director Rd., Ste. 500, Omaha, NE 68106-2716 Securities America, Inc. 12325 Port Grace Director Blvd., Lavista, NE 68128 Threadneedle Asset Management Holdings Ltd. 60 St. Mary Axe, Director London EC3A 8JQ Richard N. Bush, Advisory Capital Partners LLC Dissolved Senior Vice President - Senior Vice President, Corporate Tax Corporate Tax (resigned 5/23/06) Advisory Capital Strategies Group Inc. Senior Vice President - Corporate Tax Advisory Convertible Arbitrage LLC Dissolved Senior Vice President - Corporate Tax (resigned 5/23/06) American Centurion Life Assurance Company Dissolved Senior Vice President - Corporate Tax (resigned 12/30/06) American Enterprise Investment Services Inc. 70400 AXP Senior Vice President - Financial Center, Corporate Tax Minneapolis, MN 55474 American Enterprise Life Insurance Company Dissolved Senior Vice President - Corporate Tax (resigned 12/30/06) American Enterprise REO 1 LLC Dissolved Senior Vice President - Corporate Tax (resigned 6/13/07) American Express Financial Advisors Japan, Dissolved Senior Vice President - Inc. Corporate Tax (resigned 2/4/08) American Express Insurance Agency of Alabama, Dissolved Senior Vice President - Inc. Corporate Tax (resigned 6/29/07)
Name and Title Other Companies Address* Title within other companies -------------------------------- ----------------------------------------------- ----------------- ------------------------------ American Express Insurance Agency of Arizona, Dissolved Senior Vice President - Inc. Corporate Tax (resigned 6/29/07) American Express Insurance Agency of Idaho, Dissolved Senior Vice President - Inc. Corporate Tax (resigned 6/29/07) American Express Insurance Agency of Maryland, Dissolved Senior Vice President - Inc. Corporate Tax (resigned 6/29/07) American Express Insurance Agency of Dissolved Senior Vice President - Massachusetts, Inc. Corporate Tax (resigned 6/29/07) American Express Insurance Agency of Nevada, Dissolved Senior Vice President - Inc. Corporate Tax (resigned 6/29/07) American Express Insurance Agency of New Dissolved Senior Vice President - Mexico, Inc. Corporate Tax (resigned 6/29/07) American Express Insurance Agency of Oklahoma, Dissolved Senior Vice President - Inc. Corporate Tax (resigned 6/29/07) American Express Insurance Agency of Wyoming, Dissolved Senior Vice President - Inc. Corporate Tax (resigned 7/2/07) American Express Property Casualty Insurance Senior Vice President - Agency of Kentucky, Inc. Corporate Tax American Express Property Casualty Insurance Senior Vice President - Agency of Maryland, Inc. Corporate Tax American Express Property Casualty Insurance Senior Vice President - Agency of Pennsylvania, Inc. Corporate Tax American Partners Life Insurance Company Dissolved Senior Vice President - Corporate Tax (resigned 12/30/06) Ameriprise Bank, FSB 9393 Ameriprise Senior Vice President - Financial Center, Corporate Tax Minneapolis, MN 55474 Ameriprise Financial, Inc. 200 Ameriprise Senior Vice President - Financial Center, Corporate Tax Minneapolis, MN 55474 Ameriprise Financial Services, Inc. 5221 Ameriprise Senior Vice President - Financial Center, Corporate Tax Minneapolis, MN 55474 Ameriprise Insurance Company 3500 Packerland Senior Vice President - Drive Corporate Tax De Pere, WI 54115 AMEX Assurance Company Dissolved Senior Vice President - Corporate Tax (resigned 9/30/07) Boston Equity General Partner LLC Senior Vice President - Corporate Tax IDS Cable Corporation Dissolved Senior Vice President - Corporate Tax (resigned 5/31/07) IDS Cable II Corporation Dissolved Senior Vice President - Corporate Tax (resigned 6/18/07) IDS Capital Holdings Inc. Senior Vice President - Corporate Tax IDS Futures Corporation 570 Ameriprise Senior Vice President - Financial Center, Corporate Tax Minneapolis, MN 55474 IDS Management Corporation Senior Vice President - Corporate Tax IDS Property Casualty Insurance Company 3500 Packerland Senior Vice President - Drive Corporate Tax De Pere, WI 54115
Name and Title Other Companies Address* Title within other companies -------------------------------- ----------------------------------------------- ----------------- ------------------------------ IDS Realty Corporation Dissolved Senior Vice President - Corporate Tax (resigned 6/18/07) IDS REO 1, LLC Senior Vice President - Corporate Tax IDS REO 2, LLC Senior Vice President - Corporate Tax RiverSource Life Insurance Company of New York 20 Madison Senior Vice President - Ave. Extension, Corporate Tax and Authorized Albany, NY 12005 Officer - Derivatives Use Plan RiverSource Life Insurance Company 829 Ameriprise Senior Vice President - Financial Center, Corporate Tax Minneapolis, MN 55474 RiverSource Service Corporation 734 Ameriprise Senior Vice President - Financial Center, Corporate Tax Minneapolis, MN 55474 RiverSource Tax Advantaged Investments, Inc. Senior Vice President - Corporate Tax Peter Arthur Gallus, Advisory Capital Partners LLC Dissolved President, Chief Operating Senior Vice President, Chief Officer and Chief Compliance Operating Officer and Officer(resigned 5/23/06) Assistant Treasurer Advisory Capital Strategies Group Inc. Director, President, Chief Operating Officer and Chief Compliance Officer Advisory Convertible Arbitrage LLC Dissolved President, Chief Operating Officer and Chief Compliance Officer (resigned 5/23/06) Advisory Select LLC Dissolved President and Chief Operating Officer(resigned 5/1/07) Ameriprise Financial, Inc. 200 Ameriprise Vice President - Investment Financial Center, Administration Minneapolis, MN 55474 Ameriprise Financial Services, Inc. 5221 Ameriprise Vice President - CAO-AEFA Financial Center, Investment Management Minneapolis, MN 55474 Boston Equity General Partner LLC President, Chief Operating Officer and Chief Compliance Officer IDS Capital Holdings Inc. Vice President and Controller Kenwood Capital Management LLC 333 S. 7th Street, Board Member Suite 2330, Minneapolis, MN 55402 Christopher Paul Keating, Ameriprise Trust Company 200 Ameriprise Director, Head of Head of Institutional Sales, Financial Center, Institutional Sales, Client Service and Minneapolis, MN Client Service and Consultant Relationships 55474 Consultant Relationships Kenwood Capital Management LLC 333 S. 7th Street, Board Member Suite 2330, Minneapolis, MN 55402 Michelle Marie Keeley, Ameriprise Bank, FSB 9393 Ameriprise Director Executive Vice President - Financial Center, Equity and Fixed Income Minneapolis, MN 55474 Ameriprise Financial, Inc. 200 Ameriprise Executive Vice President - Financial Center, Equity and Fixed Income Minneapolis, MN 55474
Name and Title Other Companies Address* Title within other companies -------------------------------- ----------------------------------------------- ----------------- ------------------------------ Ameriprise Financial Services, Inc. 5221 Ameriprise Executive Vice President - Financial Center, Equity and Fixed Income Minneapolis, MN 55474 IDS Property Casualty Insurance Company 3500 Packerland Vice President - Investments Drive De Pere, WI 54115 Kenwood Capital Management LLC 333 S. 7th Street, Board Member Suite 2330, Minneapolis, MN 55402 RiverSource CDO Seed Investments, LLC Chairperson and President RiverSource Life Insurance Company 829 Ameriprise Vice President - Investments Financial Center, Minneapolis, MN 55474 RiverSource Life Insurance Company of New York 20 Madison Vice President - Investments Ave. Extension, Albany, NY 12005 American Centurion Life Assurance Company Dissolved Vice President - Investments (resigned 12/30/06) American Enterprise Life Insurance Company Dissolved Vice President - Investments (resigned 12/30/06) American Partners Life Insurance Company Dissolved Vice President - Investments, Investment Committee Member (resigned 12/30/06) Ameriprise Certificate Company 70100 Ameriprise Vice President - Investments, Financial Center, Investment Committee Member Minneapolis, MN (resigned 8/24/07) 55474 Ameriprise Insurance Company 3500 Packerland Vice President - Investments Drive (resigned 9/18/06) De Pere, WI 54115 AMEX Assurance Company Vice President - Investments (resigned 9/30/2007) Jennifer Davis Lammers, Kenwood Capital Management LLC 333 S. 7th Street, Chief Compliance Officer Chief Compliance Officer Suite 2330, Minneapolis, MN 55402 RiverSource Service Corporation 734 Ameriprise Chief Compliance Officer Financial Center, Minneapolis, MN 55474 Brian Joseph McGrane, Advisory Capital Partners LLC Dissolved Vice President and Chief Director, Vice President and Financial Officer Chief Financial Officer (resigned 5/23/06) Advisory Capital Strategies Group Inc. Vice President and Chief Financial Officer Advisory Convertible Arbitrage LLC Dissolved Vice President and Chief Financial Officer (resigned 5/23/06) Advisory Select LLC Dissolved Vice President and Chief Financial Officer (resigned 5/1/07) Ameriprise Financial, Inc. 200 Ameriprise Senior Vice President and Financial Center, Lead Financial Officer Minneapolis, MN 55474 Ameriprise Financial Services, Inc. 5221 Ameriprise Vice President and Lead Financial Center, Financial Officer - Finance Minneapolis, MN 55474
Name and Title Other Companies Address* Title within other companies -------------------------------- ----------------------------------------------- ----------------- ------------------------------ Ameriprise Trust Company 200 Ameriprise Director Financial Center, Minneapolis, MN 55474 Boston Equity General Partner LLC Vice President and Chief Financial Officer RiverSource CDO Seed Investments, LLC Board Member RiverSource Life Insurance Company 829 Ameriprise Director, Executive Vice Financial Center, President and Chief Financial Minneapolis, MN Officer 55474 Ameriprise Certificate Company 70100 Ameriprise Vice President and Chief Financial Center, Financial Officer (resigned Minneapolis, MN 8/24/07) 55474 American Enterprise Life Insurance Company Dissolved Director, Executive Vice President and Chief Financial Officer (resigned 12/30/06) American Partners Life Insurance Company Dissolved Director (resigned 12/30/06) Thomas R. Moore, Advisory Capital Strategies Group Inc. Secretary Secretary American Centurion Life Assurance Company Dissolved Secretary (resigned 12/30/06) American Enterprise Investment Services Inc. 70400 AXP Secretary Financial Center, Minneapolis, MN 55474 American Enterprise Life Insurance Company Dissolved Secretary (resigned 12/30/06) American Enterprise REO 1 LLC Dissolved Secretary (resigned 6/13/07) American Express Insurance Agency of Alabama, Dissolved Secretary (resigned 6/29/07) Inc. American Express Insurance Agency of Arizona, Dissolved Secretary (resigned 6/29/07) Inc. American Express Insurance Agency of Idaho, Dissolved Secretary (resigned 6/29/07) Inc. American Express Insurance Agency of Maryland, Dissolved Secretary (resigned 7/27/07) Inc. American Express Insurance Agency of Dissolved Secretary (resigned 8/18/07) Massachusetts, Inc. American Express Insurance Agency of Nevada, Dissolved Secretary (resigned 6/29/07) Inc. American Express Insurance Agency of New Dissolved Secretary (resigned 6/29/07) Mexico, Inc. American Express Insurance Agency of Oklahoma, Dissolved Secretary (resigned 6/29/07) Inc. American Express Insurance Agency of Wyoming, Dissolved Secretary (resigned 7/2/07) Inc. American Express Property Casualty Insurance Secretary Agency of Kentucky, Inc. American Express Property Casualty Insurance Secretary Agency of Maryland, Inc.
Name and Title Other Companies Address* Title within other companies -------------------------------- ----------------------------------------------- ----------------- ------------------------------ American Express Property Casualty Insurance Secretary Agency of Pennsylvania, Inc. American Partners Life Insurance Company Dissolved Secretary (resigned 12/30/06) Ameriprise Bank, FSB 9393 Ameriprise Secretary Financial Center, Minneapolis, MN 55474 Ameriprise Captive Insurance Company Assistant Secretary Ameriprise Financial, Inc. 200 Ameriprise Vice President, Financial Center, Chief Governance Officer and Minneapolis, MN Corporate Secretary 55474 Ameriprise Financial Services, Inc. 5221 Ameriprise Secretary Financial Center, Minneapolis, MN 55474 Ameriprise Insurance Company 3500 Packerland Secretary Drive De Pere, WI 54115 Ameriprise Trust Company 200 Ameriprise Secretary Financial Center, Minneapolis, MN 55474 AMEX Assurance Company Dissolved Secretary (resigned 9/30/07) IDS Cable Corporation Dissolved Secretary (resigned 5/31/07) IDS Cable II Corporation Dissolved Secretary (resigned6/18/07) IDS Capital Holdings Inc. Secretary IDS Futures Corporation 570 Ameriprise Secretary Financial Center, Minneapolis, MN 55474 IDS Management Corporation Secretary IDS Property Casualty Insurance Company 3500 Packerland Secretary Drive De Pere, WI 54115 IDS Realty Corporation Dissolved Secretary (resigned 6/18/07) IDS REO 1, LLC Secretary IDS REO 2, LLC Secretary Investors Syndicate Development Corporation Secretary RiverSource CDO Seed Investments, LLC Secretary RiverSource Distributors, Inc. 50611 Ameriprise Secretary Financial Center, Minneapolis, MN 55474 RiverSource Life Insurance Company of New York 20 Madison Secretary Ave. Extension, Albany, NY 12005 RiverSource Life Insurance Company 829 Ameriprise Secretary Financial Center, Minneapolis, MN 55474 RiverSource Service Corporation 734 Ameriprise Secretary Financial Center, Minneapolis, MN 55474
Name and Title Other Companies Address* Title within other companies -------------------------------- ----------------------------------------------- ----------------- ------------------------------ RiverSource Tax Advantaged Investments, Inc. Secretary Securities America Financial Corporation 7100 W. Center Secretary (resigned 11/19/07) Rd., Ste. 500, Omaha, NE 68106-2716 Scott Roane Plummer, Ameriprise Financial, Inc. 200 Ameriprise Vice President - Asset Chief Legal Officer and Financial Center, Management Compliance Assistant Secretary Minneapolis, MN 55474 Ameriprise Financial Services, Inc. 5221 Ameriprise Vice President and Chief Financial Center, Counsel - Asset Management Minneapolis, MN 55474 RiverSource Distributors, Inc. 50611 Ameriprise Chief Counsel Financial Center, Minneapolis, MN 55474 RiverSource Service Corporation 734 Ameriprise Vice President, Chief Legal Financial Center, Officer and Assistant Minneapolis, MN Secretary 55474 Ameriprise Certificate Company 70100 Ameriprise Vice President, Financial Center, General Counsel and Secretary Minneapolis, MN (resigned 8/24/07) 55474 William Frederick 'Ted' Truscott Advisory Capital Strategies Group Inc. Director Chairman, Chief Investment Officer and President Ameriprise Certificate Company 70100 Ameriprise Director, President and Chief Financial Center, Executive Officer (resigned Minneapolis, MN 8/24/07) 55474 Ameriprise Financial, Inc. 200 Ameriprise President - U.S. Asset Financial Center, Management, Annuities and Minneapolis, MN Chief Investment Officer 55474 Ameriprise Financial Services, Inc. 5221 Ameriprise Senior Vice President and Financial Center, Chief Investment Officer Minneapolis, MN 55474 Ameriprise Trust Company 200 Ameriprise Director Financial Center, Minneapolis, MN 55474 IDS Capital Holdings Inc. Director and President Kenwood Capital Management LLC 333 S. 7th Street, Board Member Suite 2330, Minneapolis, MN 55402 RiverSource Distributors, Inc. 50611 Ameriprise Chairman and Chief Executive Financial Center, Officer Minneapolis, MN 55474 Threadneedle Asset Management Holdings Ltd. 60 St. Mary Axe, Director London EC3A 8JQ
* Unless otherwise noted, address is 50605 Ameriprise Financial Center, Minneapolis, MN 55474 Item 27. Principal Underwriter (RiverSource Distributors, Inc.) (a) RiverSource Distributors, Inc. acts as principal underwriter for the following investment companies: RiverSource Bond Series, Inc.; RiverSource California Tax-Exempt Trust; RiverSource Dimensions Series, Inc.; RiverSource Diversified Income Series, Inc.; RiverSource Equity Series, Inc.; RiverSource Global Series, Inc.; RiverSource Government Income Series, Inc.; RiverSource High Yield Income Series, Inc.; RiverSource Income Series, Inc.; RiverSource International Managers Series, Inc.; RiverSource International Series, Inc.; RiverSource Investment Series, Inc.; RiverSource Large Cap Series, Inc.; RiverSource Managers Series, Inc.; RiverSource Market Advantage Series, Inc.; RiverSource Money Market Series, Inc.; RiverSource Sector Series, Inc.; RiverSource Selected Series, Inc.; RiverSource Series Trust; RiverSource Short Term Investments Series, Inc.; RiverSource Special Tax-Exempt Series Trust; RiverSource Strategic Allocation Series; Inc., RiverSource Strategy Series, Inc.; RiverSource Tax-Exempt Income Series, Inc.; RiverSource Tax-Exempt Money Market Series, Inc.; RiverSource Tax-Exempt Series, Inc.; RiverSource Variable Series Trust. (b) As to each director, principal officer or partner of RiverSource Distributors, Inc.
Name and Principal Business Address* Positions and Offices with Underwriter Positions and Offices with Fund ------------------------------------ -------------------------------------- ------------------------------- Neysa M. Alecu Anti-Money Laundering Officer None Gumer C. Alvero Director and Vice President None Patrick Thomas Bannigan Vice President President Timothy V. Bechtold Director and Vice President None Walter S. Berman Treasurer None Paul J. Dolan Chief Operating Officer and Chief None Administrative Officer Jeffrey P. Fox Chief Financial Officer Treasurer Jeffrey Lee McGregor, Sr. President None Thomas R. Moore Secretary None Scott Roane Plummer Chief Counsel Vice President, General Counsel and Secretary Julie A. Ruether Chief Compliance Officer None William Frederick 'Ted' Truscott Chairman and Chief Executive Officer Board Member and Vice President
* Business address is: 50611 Ameriprise Financial Center, Minneapolis, MN 55474 (c) Not Applicable Item 28. Location of Accounts and Records Ameriprise Financial, Inc. 707 Second Avenue, South Minneapolis, MN 55402 Iron Mountain Records Management 920 & 950 Apollo Road Eagan, MN 55121 Iron Mountain Records Management is an off-site storage facility housing historical records that are no longer required to be maintained on-site. Records stored at this facility include various trading and accounting records, as well as other miscellaneous records. Item 29. Management Services Not Applicable Item 30. Undertakings Not Applicable SIGNATURES Pursuant to the requirements of the Securities Act and the Investment Company Act, the Registrant, RIVERSOURCE CALIFORNIA TAX-EXEMPT TRUST, certifies that it meets all of the requirements for effectiveness of this Amendment to its Registration Statement under Rule 485(b) and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Minneapolis, and State of Minnesota on the 28th day of Oct., 2008. RIVERSOURCE CALIFORNIA TAX-EXEMPT TRUST By /s/ Patrick T. Bannigan ---------------------------------- Patrick T. Bannigan President By /s/ Jeffrey P. Fox ---------------------------------- Jeffrey P. Fox Treasurer Pursuant to the requirements of the Securities Act, this Amendment to the Registration Statement has been signed below by the following persons in the capacities indicated on the 28th day of Oct., 2008.
Signature Capacity ------------------------------------- ------------------ /s/ Stephen R. Lewis, Jr.* Chair of the Board ------------------------------------- Stephen R. Lewis, Jr. /s/ Kathleen A. Blatz* Trustee ------------------------------------- Kathleen A. Blatz /s/ Arne H. Carlson* Trustee ------------------------------------- Arne H. Carlson /s/ Pamela G. Carlton* Trustee ------------------------------------- Pamela G. Carlton /s/ Patricia M. Flynn* Trustee ------------------------------------- Patricia M. Flynn /s/ Anne P. Jones* Trustee ------------------------------------- Anne P. Jones /s/ Jeffrey Laikind* Trustee ------------------------------------- Jeffrey Laikind /s/ Catherine James Paglia* Trustee ------------------------------------- Catherine James Paglia /s/ Alison Taunton-Rigby* Trustee ------------------------------------- Alison Taunton-Rigby /s/ William F. Truscott* Trustee ------------------------------------- William F. Truscott
* Signed pursuant to Directors/Trustees Power of Attorney, dated Sept. 11, 2007, filed electronically on or about Oct. 30, 2007 as Exhibit (q) to Registrant's Post-Effective Amendment No. 39 to Registration Statement No. 33-5103, by: /s/ Scott R. Plummer ------------------------------------- Scott R. Plummer CONTENTS OF THIS POST-EFFECTIVE AMENDMENT NO. 40 TO REGISTRATION STATEMENT NO. 33-5103 This Post-Effective Amendment comprises the following papers and documents: The facing sheet. PART A The prospectus. PART B Statement of Additional Information. Financial Statements. PART C Other information. The signatures. EXHIBIT INDEX (i) Opinion and consent of counsel as to the legality of the securities being registered. (j) Consent of Independent Registered Public Accounting Firm (Ernst & Young LLP).