8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  January 25, 2007

AMERIPRISE FINANCIAL, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-32525	13-3180631
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of incorporation)		Identification No.)
55 Ameriprise Financial Center
Minneapolis, Minnesota		55474
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code:  (612) 671-3131

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02Results of Operations and Financial Condition.

On January 25, 2007, Ameriprise Financial, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter of 2006. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference and furnished herewith. In addition, the Company furnishes herewith, as Exhibit 99.2, its Statistical Supplement for the quarterly period ended December 31, 2006.

We follow accounting principles generally accepted in the United States (GAAP). The press release furnished as Exhibit 99.1 and the financial information furnished as Exhibit 99.2 include information on both a GAAP and non-GAAP adjusted basis.

Certain non-GAAP measures in these exhibits exclude items that are a direct result of our separation from American Express Company, which consist of discontinued operations, AMEX Assurance Company (“AMEX Assurance”) and non-recurring separation costs. Our non-GAAP financial measures, which our management views as important indicators of financial performance, include the following: consolidated income statements adjusted to exclude AMEX Assurance and separation costs; Protection segment income statements adjusted to exclude AMEX Assurance; total expenses before separation costs; adjusted net investment gains (losses), pretax (adjusted to exclude AMEX Assurance); adjusted earnings (adjusted to exclude AMEX Assurance and separation costs); adjusted contribution margin (adjusted to exclude AMEX Assurance); income before income tax provision, discontinued operations and separation costs; income tax provision before tax benefit attributable to separation costs; income before discontinued operations and separation costs; separation costs, after-tax; adjusted pretax segment income (adjusted to exclude AMEX Assurance); adjusted return on allocated equity (adjusted to exclude AMEX Assurance); and pretax segment loss before separation costs. Management believes that the presentation of these non-GAAP financial measures excluding these specific income statement impacts best reflects the underlying performance of our ongoing operations and facilitates a more meaningful trend analysis. These non-GAAP measures are also used for goal setting, certain compensation related to our annual incentive award program and evaluating our performance on a basis comparable to that used by securities analysts.

We also present in Exhibits 99.1 and 99.2 debt to capital ratios that exclude the effect of nonrecourse debt of a collateralized debt obligation consolidated in accordance with Financial Accounting Standards Board Interpretation No. 46, “Consolidation of Variable Interest Entities,” as revised, and nonrecourse debt of certain property fund limited partnerships managed by our subsidiary, Threadneedle Asset Management Holdings Limited, consolidated in accordance with Emerging Issues Task Force Issue No. 04-5, “Determining whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights.” Management believes that the debt to capital ratios excluding this nonrecourse debt better represent our capital structure. In addition, we provide debt to capital ratio information that reflects an equity credit on our junior subordinated notes we issued on May 26, 2006. These junior subordinated notes receive at least a 75% equity credit by the majority of the rating agencies.

Item 9.01Financial Statements and Exhibits.

(d)           Exhibits.

Exhibit No.	Description
Exhibit 99.1	Press Release dated January 25, 2007 announcing financial results for the fourth quarter of 2006
Exhibit 99.2	Statistical Supplement for the quarterly period ended December 31, 2006

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	AMERIPRISE FINANCIAL, INC.
	(REGISTRANT)
DATE: January 25, 2007	By:	/s/ Walter S. Berman
		Name:	Walter S. Berman
		Title:	Executive Vice President and Chief Financial
			Officer

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EX-99.1

Exhibit 99.1

News Release

Ameriprise Financial Reports Fourth Quarter
 and Full Year 2006 Results

Net income per diluted share $0.69 for the quarter, including $0.33 of non-recurring
separation costs

Adjusted earnings per diluted share for the quarter $1.02

MINNEAPOLIS – January 25, 2007 – Ameriprise Financial, Inc. (NYSE: AMP) today reported net income of $171 million for the quarter ended December 31, 2006, an increase of 54 percent from net income of $111 million for the year-ago quarter. Adjusted earnings ⁽¹⁾ increased 30 percent to $251 million in the fourth quarter of 2006 compared to the fourth quarter of 2005. Adjusted earnings for the quarters exclude after-tax non-recurring separation costs.

Net income per diluted share for the fourth quarter of 2006 was $0.69, an increase of 57 percent from the prior year period. Adjusted earnings per diluted share for the fourth quarter of 2006 were $1.02, an increase of 32 percent from the year-ago period. The weighted average diluted share count for the fourth quarter of 2006 was 246.3 million, down from 250.3 million for the fourth quarter of 2005.

Revenues grew 16 percent to $2.2 billion in the fourth quarter of 2006. Growth reflected fundamental improvement in asset-based fees, distribution fees and premiums as a result of increasing advisor productivity and market appreciation. Growth was partially offset by continued declines in net investment income, primarily as a result of declining balances in annuity fixed accounts and certificates.

Return on equity for the year ended December 31, 2006 was 8.3 percent. Adjusted return on equity increased to 11.8 percent compared to 10.2 percent for 2005. During the quarter, the Company repurchased 921,000 shares of its common stock for approximately $48 million.

For the full year, income before discontinued operations grew 13 percent to $631 million, and adjusted earnings grew 25 percent to $866 million compared to 2005. Income before discontinued operations per diluted share for 2006 was $2.54, an increase of 12 percent from the prior year. Adjusted earnings per diluted share for 2006 were $3.48, an increase of 24 percent from a year ago. Revenues grew 9 percent, or $656 million. Adjusted revenues grew 11 percent, or $794 million, to $8.1 billion.

“This was a strong quarter for Ameriprise Financial, and it was a fitting conclusion to a highly successful first year as a public company,” said Jim Cracchiolo, chairman and chief executive officer.

(1) Adjusted earnings exclude discontinued operations and AMEX Assurance from the full year 2005 period and non-recurring separation costs from both periods. See definitions and reconciliations throughout the release.

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“We are generating positive momentum in our business metrics as we continue to establish Ameriprise Financial as a financial services leader. Growth in owned, managed and administered assets, mass affluent and affluent clients, financial plans and cash sales all accelerated in the fourth quarter. We increased our branded advisor count and substantially increased productivity. As a result, we’ve seen solid financial performance in our fourth quarter and full year results as revenue and earnings growth met or exceeded our target ranges and adjusted return on equity increased to within 20 basis points of our near-term goal.

“In addition, we’re on track to complete all activities required to fully separate from American Express later this year, with the majority of the work already behind us.”

Fourth Quarter 2006 Summary

Management believes that the presentation of adjusted financial measures best reflects the underlying performance of the Company’s ongoing operations. The adjusted financial measures exclude discontinued operations and AMEX Assurance from the full year 2005 period and non-recurring separation costs from all periods. This presentation is consistent with the non-GAAP financial information presented in the Company’s Annual Report on Form 10-K for year-end 2005, filed March 8, 2006 with the Securities and Exchange Commission.

Ameriprise Financial, Inc.
Fourth Quarter Summary

							%		Per Diluted Share						%
(in millions, unaudited)	2006			2005			Change		2006			2005			Change
Net income	$		171	$		111	54	%	$		0.69	$		0.44	57	%
Add: Separation costs, after-tax	80			82			(2	)	0.33			0.33			—
Adjusted earnings, after-tax	$	251		$	193		30	%	$	1.02		$	0.77		32	%

Included in consolidated net income and adjusted earnings for the fourth quarter of 2006 were $27 million in pretax realized net investment gains primarily related to recoveries on WorldCom securities. This compared to $5 million in pretax net investment gains in the fourth quarter of 2005.

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Fourth Quarter 2006 Consolidated Operating Highlights

•Mass affluent and affluent client groups increased 10 percent from the year-ago period.

•Advice sales were up 11 percent from the year-ago period. Overall, client financial plan penetration ended the quarter at 45 percent compared to 44 percent in the prior year period, with planning penetration of newly acquired mass affluent and affluent clients substantially higher.

•Strong advisor productivity increases drove 27 percent growth in total Gross Dealer Concession (GDC) from the year-ago period, primarily driven by strong equity markets, continued strength in wrap account net inflows and strong growth in sales of direct investments.

•During the quarter, the number of branded advisors increased by 195 to 10,829, up 2 percent year-over-year, with total advisors up 1 percent year-over-year to 12,592.  Franchisee advisor retention remained strong at 93 percent.

•Owned, managed and administered assets were $466 billion at December 31, 2006 with year-over-year growth of 9 percent, primarily as a result of strong equity markets. This also reflected the sale of the defined contribution recordkeeping business in the second quarter of 2006, which resulted in the transfer of $17 billion in administered assets and lowered year-over-year reported growth by 4 percentage points.

•Strong net inflows in wrap accounts and variable annuities continued with $1.6 billion in wrap net inflows and $1.5 billion in annuity variable account net inflows.

•RiverSource Investments and Threadneedle Investments delivered consistent, competitive investment performance across equity, fixed income and alternative portfolios.

•RiverSource^SM mutual fund net outflows of $1.5 billion included $0.7 billion of the previously disclosed $0.8 billion outflow related to American Express repositioning its 401(k) offerings. Excluding this single event, net flows continued to improve primarily due to 35 percent growth in sales and lower redemptions in the branded advisor channel.

•Annuity fixed account net outflows of $1.1 billion reflected the current interest rate environment and the Company’s strategy to focus on products that offer a more attractive return on capital.

•Life insurance in-force increased 9 percent year-over-year to $174 billion.

•On December 31, 2006, the Company consolidated its five life insurance entities into two and renamed them RiverSource Life Insurance Company and RiverSource Life Insurance Co. of New York.

•The Company exceeded its full-year reengineering target and applied a majority of the savings to investments for longer-term growth.

•Separation remains well executed, on budget and on track for completion by September 30, 2007. The Company expects to incur non-recurring separation costs through the end of the year.

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Ameriprise Financial, Inc.
Consolidated Income Statements

	Quarter Ended December 31,						%
(in millions, unaudited)	2006			2005			Change
Revenues
Management, financial advice and service fees	$		814	$		651	25	%
Distribution fees	374			277			35
Net investment income	566			574			(1	)
Premiums	239			228			5
Other revenues	168			139			21
Total revenues	2,161			1,869			16
Expenses
Compensation and benefits:
Field	478			374			28
Non-field	374			281			33
Total compensation and benefits	852			655			30
Interest credited to account values	316			334			(5	)
Benefits, claims, losses and settlement expenses	245			234			5
Amortization of deferred acquisition costs	104			112			(7	)
Interest and debt expense	33			21			57
Other expenses	285			261			9
Total expenses before separation costs	1,835			1,617			13
Income before income tax provision and separation costs (1)	326			252			29
Income tax provision before tax benefit attributable to separation costs (1)	75			59			27
Income before separation costs (1)	251			193			30
Separation costs, after-tax (1)	80			82			(2	)
Net income	$	171		$	111		54	%
Weighted average common shares outstanding:
Basic	243.3			249.9
Diluted	246.3			250.3

(1) For this non-GAAP presentation of separation costs, after-tax is calculated using the statutory tax rate of 35%, adjusted for permanent differences, if any.

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Fourth Quarter 2006 Consolidated Results

Net income grew 54 percent to $171 million. Adjusted earnings grew 30 percent to $251 million, with adjusted pretax income up 29 percent compared to the year-ago quarter.

Results were positively impacted by the Company’s efforts to gather assets and grow revenues from higher-returning, less capital-intensive products, reflected in strong net inflows in wrap accounts and variable annuities. Market appreciation also favorably impacted results.

These positives were partially offset by the impact of lower spread income in the fixed annuity and certificate businesses in the Asset Accumulation and Income (AA&I) segment, higher expenses related to legal and regulatory items in the AA&I segment, and increased interest expense from establishing an independent capital structure, reflected in the Corporate and Other segment.

Revenues

Consolidated revenues rose 16 percent to $2.2 billion. Growth reflected strong sales of direct investments, continued strong net inflows in wrap accounts and variable annuities, as well as market appreciation. These positives were partially offset by lower net investment income due to declining annuity fixed account and certificate balances.

Management, financial advice and service fees grew 25 percent, or $163 million, to $814 million. Underlying year-over-year growth was driven by 32 percent growth in wrap assets and 31 percent growth in annuity variable account assets. In the quarter, the Company recognized $46 million in Threadneedle hedge fund performance fees for the full year’s performance, which compared to a $12 million reduction in revenue as a result of hedge fund performance in the fourth quarter of 2005. These increases were partially offset by $15 million in lower fee revenue due to the sale of the defined contribution recordkeeping business.

Distribution fees grew 35 percent, or $97 million, to $374 million. Underlying business activity was strong, with total cash sales up 22 percent. In the quarter, sales of direct investments far exceeded historical trends due to client reinvestment of proceeds from certain real estate investment trust liquidations.

Net investment income declined 1 percent, or $8 million, to $566 million. Overall, this reflected the ongoing trend of declining assets in the fixed annuity and certificate businesses. Results were positively impacted by realized net investment gains of $27 million, primarily related to recoveries on WorldCom securities, compared to $5 million in net investment gains in the prior year period. These increases were partially offset by a $9 million loss in net investment income from the consolidation, in accordance with EITF 04-5, of certain limited partnerships holding client assets we manage.

Premiums grew 5 percent, or $11 million, to $239 million, primarily driven by a 9 percent increase in policy counts in Auto and Home.

Other revenues grew 21 percent, or $29 million, to $168 million, primarily due to the consolidation of certain limited partnerships holding client assets we manage, in accordance with EITF 04-5, and growth in variable annuity rider fees.

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Expenses

Compensation and benefits – Field increased 28 percent, or $104 million, to $478 million. This increase was primarily the result of overall business growth as reflected by the 27 percent growth in GDC.

Compensation and benefits – Non-field increased 33 percent, or $93 million, to $374 million. This reflected a $42 million increase specifically related to Threadneedle hedge fund performance compensation for the full year, as well as higher costs related to corporate and other investment management incentives in recognition of strong performance.

Interest credited to account values decreased 5 percent, or $18 million, to $316 million, reflecting continued declines in annuity fixed account and certificate balances, partially offset by increased crediting rates on certificates. Stock market appreciation also increased the crediting rates for stock market certificates and equity indexed annuities. These equity market-driven expense increases are hedged, resulting in correlated increases in net investment income.

Benefits, claims, losses and settlement expenses increased 5 percent, or $11 million, to $245 million, primarily reflecting higher life and health insurance benefits. In the fourth quarter of 2006, volume-driven increases in Auto and Home benefits were offset by a net release of $9 million in reserves, primarily reflecting continued improvement in the 2004 and 2005 accident year results.

Amortization of deferred acquisition cost (DAC) expenses decreased 7 percent, or $8 million, to $104 million. Volume-driven increases in variable annuity DAC amortization were more than offset by the favorable impact of equity market appreciation.

Interest and debt expense increased 57 percent, or $12 million, to $33 million, reflecting costs associated with the Company establishing its long-term independent corporate capital structure. The Company replaced short-term debt with fixed rate, medium-term debt in the fourth quarter of 2005 and issued junior subordinated notes (hybrid securities) in the second quarter of 2006.

Other expenses increased 9 percent, or $24 million, to $285 million, reflecting $31 million in expenses related to legal and regulatory items in the current quarter, partially offset by corporate cost containment initiatives.

Taxes

The effective tax rate on net income was 15.5 percent for the quarter, as compared to 12.0 percent in the prior year period. The effective tax rate on adjusted earnings was 23.0 percent, down slightly from 23.4 percent from the fourth quarter of 2005. Included in net income and adjusted earnings for the fourth quarter of 2006 was a $16 million tax benefit primarily due to a change in the effective state income tax rate applied to deferred tax assets as a result of the Company’s separation from American Express.

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Balance Sheet and Capital

During the fourth quarter of 2006, the Company repurchased 921,000 shares for approximately $48 million. The quarter-end basic share count was 242.8 million and the ending diluted share count was 246.2 million. The average diluted share count for the quarter was 246.3 million.

Shareholders’ equity as of December 31, 2006 was $7.9 billion, an increase of $238 million compared to December 31, 2005, as retained earnings were offset by $470 million in share repurchases and a $58 million decline in accumulated other comprehensive income primarily related to the impact of rising interest rates on the Company’s fixed income investment portfolio. Book value per outstanding share was $32.83 as of December 31, 2006.

The Company remains committed to maintaining the safety and soundness of its balance sheet, continuing to maintain substantial liquidity and a high quality investment portfolio, and continuing to actively manage and mitigate risk exposures.

•Cash and cash equivalents were more than $2.7 billion.

•The quality of the Available-for-Sale fixed income investment portfolio, representing approximately 30 percent of balance sheet assets, remained high, with 7 percent below investment grade.

•Unrealized net investment losses in the Available-for-Sale investment portfolio were $0.3 billion at quarter end.

•The Company continued to purchase long-dated customized put options designed to closely match the product features sold to customers as variable annuity Guaranteed Minimum Withdrawal Benefit riders, hedging equity market, interest rate and volatility risk.

•The debt to capital ratio as of December 31, 2006 was 21.9 percent. The debt to capital ratio excluding non-recourse debt and with 75 percent equity credit for the hybrid securities was 16.4 percent. For the fourth quarter of 2006 the ratio of earnings to fixed charges was 6.0 times. Excluding interest on non-recourse debt, the ratio of earnings to fixed charges was 6.5 times.

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Ameriprise Financial, Inc.

Full Year Summary

					%		Per Diluted Share				%
(in millions, unaudited)	2006		2005		Change		2006		2005		Change
Net income	$	631	$	574	10	%	$	2.54	$	2.32	9	%
Less: Income from discontinued operations	—		16			#	—		0.06			#
Income before discontinued operations	631		558		13		2.54		2.26		12
Less: Income attributable to AMEX Assurance, after-tax	—		56			#	—		0.23			#
Add: Separation costs, after-tax	235		191		23		0.94		0.77		22
Adjusted earnings, after-tax	$	866	$	693	25	%	$	3.48	$	2.80	24	%

# Variance of 100% or greater.

Full Year 2006 Consolidated Results

For all of 2006, income before discontinued operations grew 13 percent to $631 million. Adjusted earnings grew 25 percent to $866 million compared to 2005.

Income before discontinued operations per share was $2.54, up 12 percent from $2.26 for the prior year. Adjusted earnings per share were $3.48, up 24 percent from $2.80 for the prior year. Weighted average diluted shares for full year 2006 were 248.5 million compared to 247.2 million in 2005.

Revenues grew 9 percent, or $656 million. Adjusted revenues grew 11 percent, or $794 million, to $8.1 billion. Growth was primarily driven by a 15 percent, or $390 million, increase in management, financial advice and service fees, a $150 million increase in distribution fees and a $202 million increase in other revenues, primarily due to the consolidation of certain limited partnerships, in accordance with EITF 04-5, holding client assets we manage and proceeds from the sale of the defined contribution recordkeeping business.

Expenses increased 8 percent, or $536 million. Adjusted expenses increased 9 percent, or $592 million, to $7.0 billion. This increase was primarily due to a 19 percent, or $500 million, increase in field and non-field compensation and benefits due to increased business activity, higher performance incentives and costs related to operating as an independent company.

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Asset Accumulation and Income Segment
Income Statements

	Quarter Ended December 31,				%
(in millions, unaudited)	2006		2005		Change
Revenues
Management, financial advice and service fees	$	749	$	592	27	%
Distribution fees	344		249		38
Net investment income	454		486		(7	)
Other revenues	43		16			#
Total revenues	1,590		1,343		18
Expenses
Compensation and benefits – field	425		316		34
Interest credited to account values	279		297		(6	)
Benefits, claims, losses and settlement expenses	22		21		5
Amortization of deferred acquisition costs	63		73		(14	)
Interest and debt expense	3		—		—
Other expenses	549		449		22
Total expenses	1,341		1,156		16
Pretax segment income	$	249	$	187	33	%

# Variance of 100% or greater.

Asset Accumulation and Income Segment – Fourth Quarter 2006 Results

Pretax segment income increased 33 percent, or $62 million, to $249 million for the fourth quarter. Strong underlying growth was driven primarily by fee-based businesses.

Total revenues increased 18 percent, or $247 million, to $1.6 billion, reflecting strong broker-dealer activity including client reinvestment of proceeds from certain real estate investment trust liquidations and continued growth in asset management fee-based and performance-based revenues, both positively impacted by market appreciation. In the quarter, the Company recognized $46 million in Threadneedle hedge fund performance fees for the full year, which compared to a $12 million reduction in revenue as a result of hedge fund performance in the fourth quarter of 2005. These increases were partially offset by a $9 million loss in net investment income from the consolidation of certain limited partnerships holding client assets we manage, in accordance with EITF 04-5, and $15 million in lower fees due to the sale of the defined contribution recordkeeping business.

Total expenses increased 16 percent, or $185 million, to $1.3 billion, primarily due to a $109 million increase in field compensation related to business growth and a $100 million increase in other expenses. This increase in other expenses reflected higher costs related to incentives in recognition of strong management performance, including $33 million specifically related to Threadneedle hedge fund investment performance for the full year, compared to a $9 million reduction in expense in the fourth quarter of 2005, and $30 million in higher expenses related to legal and regulatory items.

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Segment Highlights

•      Total managed assets of $300 billion were up 14 percent from the prior year period.

•      Fourth quarter investment performance at RiverSource Investments and Threadneedle Investments remained strong, which contributed to improved three-year track records compared to year end 2005.

•      Wrap product net inflows of $1.6 billion in the quarter and market appreciation resulted in total wrap ending assets of $76.4 billion, up 32 percent from the prior year period.

•      Total RiverSource mutual fund outflows of $1.5 billion compared to $2.2 billion in the prior year period and $0.7 billion in the third quarter of 2006. Fourth quarter net outflows included previously disclosed outflows related to American Express repositioning its 401(k) offerings. Management believes the year-over-year sales growth of 35 percent reflects client and advisor recognition of RiverSource investment performance and strong client and advisor adoption of goal-based products.

•      Growth in total managed institutional assets of 13 percent to $143 billion reflected year-to-date net outflows of lower margin Zurich assets, offset by the positive impacts of foreign currency translation and market appreciation.

•      Cash sales through third party distributors increased 61 percent compared to the prior year period, reflecting strong variable annuity sales. The Company continues to sign agreements to offer RiverSource Funds outside Ameriprise Financial and is building its third party mutual fund wholesaling capabilities.

•      RiverSource annuity variable account net inflows of $1.5 billion in the quarter and market appreciation resulted in $43.5 billion in total ending balances, up 31 percent from the prior year period.

•      RiverSource annuity fixed account net outflows of $1.1 billion in the quarter combined with the full year net outflow resulted in $23.1 billion in ending balances, down 11 percent from the prior year period. The tax equivalent spread, which excludes the impact of realized gains / (losses), declined to 2.00 percent from 2.06 percent in the prior year period.

•      Certificate net flows were relatively flat in the quarter, resulting in $4.7 billion in ending balances, down 16 percent from the prior year period. The tax equivalent spread declined to 0.75 percent from 1.49 percent in the prior year period, primarily due to higher interest crediting rates. The full year spread of 1.12 percent is down substantially from 1.68 percent for 2005.

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Protection Segment
Income Statements

	Quarter Ended December 31,				%
(in millions, unaudited)	2006		2005		Change
Revenues
Management, financial advice and service fees	$	22	$	18	22	%
Distribution fees	29		25		16
Net investment income	92		81		14
Premiums	246		234		5
Other revenues	113		113		—
Total revenues	502		471		7
Expenses
Compensation and benefits – field	21		23		(9	)
Interest credited to account values	37		37		—
Benefits, claims, losses and settlement expenses	223		213		5
Amortization of deferred acquisition costs	41		39		5
Other expenses	74		81		(9	)
Total expenses	396		393		1
Pretax segment income	$	106	$	78	36	%

Protection Segment – Fourth Quarter 2006 Results

Pretax segment income increased 36 percent, or $28 million, to $106 million for the fourth quarter of 2006.

Revenues grew 7 percent, or $31 million, to $502 million. This increase included $11 million in higher Auto and Home premiums; an $11 million increase in net investment income, primarily from increased realized net investment gains; and a $9 million increase from management fees and other revenue related to variable universal life / universal life (VUL/UL) products.

Expenses increased 1 percent, or $3 million, to $396 million. This included a $10 million increase in benefits, claims, losses and settlement expenses, primarily due to increased life and health related benefits. In the fourth quarter of 2006, volume-driven increases in Auto and Home benefits were offset by a net release of $9 million in reserves, primarily reflecting continued improvement in 2004 and 2005 accident year results.

Segment Highlights

•      Life insurance in-force increased 9 percent to $174 billion.

•      VUL/UL policyholder account balances grew 14 percent to $8.3 billion, reflecting market appreciation and the Company’s continuing leadership position in VUL.

•      Auto and Home premiums grew 8 percent to $147 million.

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Corporate and Other and Eliminations Segment
Income Statements

	Quarter Ended  December 31,						%
(in millions, unaudited)	2006			2005			Change
Revenues
Management, financial advice and service fees	$	43		$	41		5	%
Distribution fees	1			3			(67	)
Net investment income	20			7				#
Premiums	(7		)	(6		)	(17	)
Other revenues	12			10			20
Total revenues	69			55			25
Expenses
Compensation and benefits – field	32			35			(9	)
Interest and debt expense	30			21			43
Other expenses	36			12				#
Total expenses before separation costs	98			68			44
Pretax segment loss before separation costs	(29		)	(13		)		#
Separation costs, pretax	123			125			(2	)
Pretax segment loss	$	(152	)	$	(138	)	(10	)%

# Variance of 100% or greater.

Corporate and Other and Eliminations Segment – Fourth Quarter 2006 Results

This segment primarily reflects financial planning fees and associated compensation, unallocated corporate expenses and interest expense on securities considered part of the corporate capital structure.

The pretax segment loss was $152 million for the fourth quarter of 2006, compared to a pretax loss of $138 million in the year-ago quarter. Excluding non-recurring separation costs, the segment incurred an operating loss of $29 million in the quarter compared to a loss of $13 million in the prior year period.

A $13 million improvement in net investment income reflected higher investment asset balances due to the issuance of hybrid securities during the second quarter of 2006. This increase in revenues was primarily offset by higher interest and debt expense associated with establishing the Company’s long-term corporate capital structure and higher unallocated corporate expenses.

Management believes separation activities continue to be well-executed, on-budget and on track. Separation costs incurred in the quarter were $123 million, the largest component of which related to reestablishing the Company’s technology infrastructure. Since separation, the Company has incurred $654 million in non-recurring separation costs.

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Definitions

Allocated Equity - - The internal allocation of consolidated shareholders’ equity, excluding accumulated other comprehensive income (loss), to the Company’s operating segments for purposes of measuring segment return on allocated equity. Allocated equity does not represent insurance company risk-based capital or other regulatory capital requirements applicable to the Company and certain of its subsidiaries.

AMEX Assurance Company - A legal entity owned by IDS Property Casualty Insurance Company that offers travel and other card insurance to American Express Company (American Express) customers. This business had historically been reported in the Travel Related Services segment of American Express. Under the separation agreement with American Express, 100 percent of this business was ceded to an American Express subsidiary in return for an arm’s length ceding fee. Ameriprise Financial expects to sell the legal entity of AMEX Assurance to American Express on or before September 30, 2007 for a fixed price equal to the net book value of AMEX Assurance.

Asset Management Net Flows - A calculation of sales less redemptions plus other. Other includes reinvested dividends.

Client Group - In general, a client group consists of accounts for an individual, spouse or domestic partner and any accounts owned for, by or with the individual’s unmarried children under the age of 21.

Clients With a Financial Plan Percentage - The period-end number of current clients who have received a financial plan or have entered into an agreement to receive and have paid for a financial plan, divided by the number of active retail client groups, serviced by branded employees, franchise advisors and the Company’s customer service organization.

Contribution Margin - Total revenues less compensation and benefits - field, interest credited to account values and benefits, claims, losses and settlement expenses as a percentage of total revenues.

Debt to Capital Ratio - A ratio comprised of total debt divided by total capital. This ratio is also presented excluding non-recourse debt of a collateralized debt obligation (CDO) consolidated in accordance with FIN 46(R) and non-recourse debt of property fund limited partnerships managed by Threadneedle consolidated in accordance with EITF 04-5. In addition, we provide debt to capital ratio information, excluding non-recourse debt that reflects an equity credit on our junior subordinated notes we issued on May 26, 2006. These junior subordinated notes receive at least a 75 percent equity credit by the majority of the rating agencies.

Deferred Acquisition Costs (DAC) - This represents the costs of acquiring new protection, annuity and certain mutual fund business, principally direct sales commissions and other distribution and underwriting costs that have been deferred on the sale of annuity, life, disability income and long term care insurance and, to a lesser extent, deferred marketing and promotion expenses on auto and home insurance and deferred distribution costs on certain mutual fund products. These costs are deferred to the extent they are recoverable from future profits.

Emerging Issues Task Force Issue No. 04-5, “Determining Whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights” (EITF 04-5) - EITF 04-5 provides guidance on whether a partnership should be consolidated by one of its partners. The Company’s

13

adoption of EITF 04-5, effective January 1, 2006, resulted in the consolidation of certain limited partnerships for which the Company is the general partner. As a result, the Company consolidates certain property fund limited partnerships managed by Threadneedle Investments and certain hedge funds managed by RiverSource Investments.

Gross Dealer Concession (GDC) - An internal measure based upon the weighted average production of advisor activity used to represent financial results attributable to advisor activity and to determine advisor compensation.

Life Insurance in-Force - The total amount of all life insurance death benefits currently insured by the Company.

Mass Affluent - - Individuals with $100,000 to $1 million in investable assets.

Mass Affluent and Affluent Client Groups - Client groups with $100,000 or more in invested assets or comparable product values with the Company.

Non-Recurring Separation Costs - The Company has incurred significant non-recurring separation costs as a result of the separation from American Express. Separation costs generally consist of costs associated with separating and reestablishing the Company’s technology platforms, establishing the Ameriprise Financial brand and advisor and employee retention programs.

Ratio of Earnings to Fixed Charges - A ratio comprised of earnings divided by fixed charges. Earnings are defined as income before income tax provision, discontinued operations and accounting change plus interest and debt expense, the interest portion of rental expense, amortization of capitalized interest and adjustments related to equity investments and minority interests in consolidated entities. Fixed charges are defined as interest and debt expense, the interest portion of rental expense and capitalized interest. The ratio is also presented excluding the effect of interest on non-recourse debt of a CDO consolidated in accordance with FIN 46(R) and the Threadneedle managed property fund limited partnerships consolidated in accordance with EITF 04-5.

Segments:

Asset Accumulation and Income Segment - This segment offers products and services, both the Company’s and other companies’, to help the Company’s retail clients address identified financial objectives related to asset accumulation and income management. Products and services in this segment are related to asset management, brokerage and banking, and include mutual funds, wrap accounts, variable and fixed annuities, brokerage accounts and investment certificates. This operating segment also serves institutional clients by providing investment management services in separately managed accounts, sub-advisory, and alternative investments. The Company earns revenues in this segment primarily through fees it receives based on managed assets and annuity separate account assets. These fees are impacted by both market movements and net asset flows. The Company also earns net investment income on owned assets, principally supporting the fixed annuity and certificate businesses and capital supporting the business, and distribution fees on sales of mutual funds and other products. This segment includes the results of SAFC, which through its operating subsidiary, Securities America, Inc. (“SAI”), operates its own separately branded distribution network.

14

Protection Segment - This segment offers a variety of protection products, both the Company’s and other companies’, including life, disability income, long term care and auto and home insurance to address the identified protection and risk management needs of the Company’s retail clients. The Company earns revenues in this operating segment primarily through premiums, fees and charges that the Company receives to assume insurance-related risk, fees the Company receives on assets supporting variable universal life separate account balances, and net investment income on owned assets supporting  insurance reserves and capital supporting the business.

Corporate and Other and Eliminations Segment - This segment consists of income derived from financial planning fees, investment income on corporate level assets including unallocated equity and unallocated corporate expenses. This segment also includes non-recurring costs associated with the Company’s separation from American Express.

Total Clients - - The sum of all clients, individual, business and institutional, that receive investment management and/or other services, excluding those clients serviced by SAFC and Threadneedle.

Ameriprise Financial, Inc. is a leading financial planning and services company with more than 12,000 financial advisors and registered representatives that provides solutions for clients’ asset accumulation, income management and insurance protection needs. The Company’s financial advisors deliver tailored solutions to clients through a comprehensive and personalized financial planning approach built on a long-term relationship with a knowledgeable advisor. The Company specializes in meeting the retirement-related financial needs of the mass affluent. Financial advisory services and investments are available through Ameriprise Financial Services, Inc. Member NASD and SIPC. For more information, visit ameriprise.com.

Forward Looking Statements

This news release contains forward-looking statements that reflect the Company’s plans, estimates and beliefs. Actual results could differ materially from those described in these forward-looking statements. The Company has made various forward-looking statements in this news release. Examples of such forward-looking statements include:

•statements of plans, intentions, expectations, objectives or goals, including those relating to the establishment of the Company’s new brands, mass affluent client acquisition strategy, asset flows and competitive environment;

•statements about future economic performance, the performance of equity markets and interest rate variations and the economic performance of the United States; and

•statements of assumptions underlying such statements.

The words “believe,” “expect,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from such statements.

Such factors include, but are not limited to:

•the impact of the separation from American Express;

•ability to establish the Company’s new brands;

15

•the Company’s capital structure as a stand-alone company, including ratings and indebtedness, and limitations on subsidiaries to pay dividends;

•changes in the interest rate and equity market environments;

•changes in the regulatory environment, including ongoing legal proceedings and regulatory actions;

•investment management performance;

•effects of competition in the financial services industry and changes in product distribution mix and distribution channels;

•risks of default by issuers of investments the Company owns or by counterparties to derivative or reinsurance arrangements;

•experience deviations from assumptions regarding morbidity, mortality and persistency in certain annuity and insurance products; and

•general economic and political factors, including consumer confidence in the economy.

Readers are cautioned that the foregoing list of factors is not exhaustive. There may also be other risks that the Company is unable to predict at this time that may cause actual results to differ materially from those in forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update publicly or revise any forward-looking statements. The foregoing list of factors should be read in conjunction with the “Risk Factors” discussion included as Part 1, Item 1A of the Company’s Annual Report on Form 10-K filed with the SEC on March 8, 2006.

The financial results discussed in this release represent past performance only, which may not be used to predict or project future results. For information about Ameriprise Financial entities, please refer to the Fourth Quarter 2006 Statistical Supplement available at ir.ameriprise.com.

Contacts
Investor Relations:	Media Relations:
Laura Gagnon	Paul Johnson
Ameriprise Financial	Ameriprise Financial
612.671.2080	612.671.0625
laura.c.gagnon@ampf.com	paul.w.johnson@ampf.com
Mary Baranowski	Benjamin Pratt
Ameriprise Financial	Ameriprise Financial
212.437.8624	612-678-5881
mary.baranowski@ampf.com	benjamin.j.pratt@ampf.com

16

Additional Tables

Full Year 2006:

•Consolidated Income Statements Reconciled to Adjusted

•Asset Accumulation and Income Segment – Income Statements

•Protection Segment – Income Statements Reconciled to Adjusted

•Corporate and Other and Eliminations – Income Statements

Reconciliation Tables:

•Selected Adjusted Consolidated Income Data to GAAP – Three Months Ended December 31, 2006

•Selected Adjusted Consolidated Income Data to GAAP – Three Months Ended December 31, 2005

•Selected Adjusted Consolidated Income Data to GAAP – Year Ended December 31, 2006

•Selected Adjusted Consolidated Income Data to GAAP – Year Ended December 31, 2005

•Return on Equity – Twelve months ended December 31, 2006

•Return on Equity – Twelve months ended December 31, 2005

•Ratio of Earnings to Fixed Charges

•      Debt to Total Capital at December 31, 2006

17

Ameriprise Financial, Inc.
Consolidated Income Statements Reconciled to Adjusted

	Year Ended  December 31,				%		AMEX Assurance Year Ended December 31,			Adjusted  Year Ended  December 31,				%
(in millions, unaudited)	2006		2005		Change		2005			2006		2005		Change
Revenues
Management, financial advice and service fees	$	2,965	$	2,578	15	%	$	3		$	2,965	$	2,575	15	%
Distribution fees	1,300		1,150		13		—			1,300		1,150		13
Net investment income	2,204		2,241		(2	)	9			2,204		2,232		(1	)
Premiums	932		979		(5	)	127			932		852		9
Other revenues	739		536		38		(1		)	739		537		38
Total revenues	8,140		7,484		9		138			8,140		7,346		11
Expenses
Compensation and benefits:
Field	1,765		1,515		17		37			1,765		1,478		19
Non-field	1,348		1,135		19		—			1,348		1,135		19
Total compensation and benefits	3,113		2,650		17		37			3,113		2,613		19
Interest credited to account values	1,264		1,310		(4	)	—			1,264		1,310		(4	)
Benefits, claims, losses and settlement expenses	930		880		6		(12		)	930		892		4
Amortization of deferred acquisition costs	472		431		10		17			472		414		14
Interest and debt expense	116		73		59		—			116		73		59
Other expenses	1,087		1,102		(1	)	14			1,087		1,088		—
Total expenses before separation costs	6,982		6,446		8		56			6,982		6,390		9
Income before income tax provision, discontinued operations and separation costs (1)	1,158		1,038		12		82			1,158		956		21
Income tax provision before tax benefit attributable to separation costs (1) (2)	292		289		1		26			292		263		11
Income before discontinued operations and separation costs (1)	866		749		16		$	56		$	866	$	693	25	%
Separation costs, after-tax (1)	235		191		23
Income before discontinued operations	631		558		13
Discontinued operations, net of tax	—		16			#
Net income	$	631	$	574	10	%
Weighted average common shares outstanding:
Basic	246.5		247.1
Diluted	248.5		247.2

(1)		For this non-GAAP presentation of separation costs, after-tax is calculated using the statutory tax rate of 35%, adjusted for permanent differences, if any.
(2)		The adjusted income tax provision before tax benefit attributable to separation costs represents the consolidated income tax provision (on consolidated income before discontinued operations) less the income tax provision for AMEX Assurance and the income tax benefit attributable to separation costs (calculated using the statutory tax rate of 35%, adjusted for permanent differences, if any). The adjusted effective tax rate represents the ratio of the adjusted income tax provision before tax benefit attributable to separation costs divided by adjusted income (excluding AMEX Assurance) before income tax provision, discontinued operations and separation costs.
#	Variance of 100% or greater.

18

Asset Accumulation and Income Segment
Income Statements

	Year Ended  December 31,				%
(in millions, unaudited)	2006		2005		Change
Revenues
Management, financial advice and service fees	$	2,706	$	2,316	17	%
Distribution fees	1,186		1,041		14
Net investment income	1,799		1,923		(6	)
Other revenues	237		70			#
Total revenues	5,928		5,350		11
Expenses
Compensation and benefits - field	1,537		1,266		21
Interest credited to account values	1,119		1,164		(4	)
Benefits, claims, losses and settlement expenses	41		52		(21	)
Amortization of deferred acquisition costs	339		323		5
Interest and debt expense	15		—		—
Other expenses	1,986		1,829		9
Total expenses	5,037		4,634		9
Pretax segment income	$	891	$	716	24	%

# Variance of 100% or greater.

Protection Segment
Income Statements Reconciled to Adjusted

	Year Ended  December 31,				%		AMEX Assurance Year Ended December 31,			Adjusted  Year Ended  December 31,				%
(in millions, unaudited)	2006		2005		Change		2005			2006		2005		Change
Revenues
Management, financial advice and service fees	$	80	$	67	19	%	$	3		$	80	$	64	25	%
Distribution fees	111		106		5		—			111		106		5
Net investment income	354		339		4		9			354		330		7
Premiums	955		1,001		(5	)	127			955		874		9
Other revenues	469		435		8		(1		)	469		436		8
Total revenues	1,969		1,948		1		138			1,969		1,810		9
Expenses
Compensation and benefits - field	88		115		(23	)	37			88		78		13
Interest credited to account values	145		146		(1	)	—			145		146		(1	)
Benefits, claims, losses and settlement expenses	889		828		7		(12		)	889		840		6
Amortization of deferred acquisition costs	133		108		23		17			133		91		46
Other expenses	291		298		(2	)	14			291		284		2
Total expenses	1,546		1,495		3		56			1,546		1,439		7
Pretax segment income	$	423	$	453	(7	)%	$	82		$	423	$	371	14	%

19

Corporate and Other and Eliminations Segment
Income Statements

	Year Ended December 31,						%
(in millions, unaudited)	2006			2005			Change
Revenues
Management, financial advice and service fees	$	179		$	195		(8	)%
Distribution fees	3			3			—
Net investment income (loss)	51			(21		)		#
Premiums	(23		)	(22		)	(5	)
Other revenues	33			31			6
Total revenues	243			186			31
Expenses
Compensation and benefits - field	140			134			4
Interest and debt expense	101			73			38
Other expenses	158			110			44
Total expenses before separation costs	399			317			26
Pretax segment loss before separation costs	(156		)	(131		)	(19	)
Separation costs, pretax	361			293			23
Pretax segment loss	$	(517	)	$	(424	)	(22	)%

# Variance of 100% or greater.

20

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended December 31, 2006
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs			GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	2,161	$	—		$	2,161	Total revenues
Total expenses before separation costs	1,835		123			1,958		Total expenses
Income before income tax provision and separation costs	326		(123		)	203		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs (1)	75		(43		)	32		Income tax provision
Income before separation costs	251
Separation costs, after-tax (1)	80
Net Income (GAAP measure)	$	171				$	171	Net Income

(1) For this non-GAAP presentation of separation costs, after-tax is calculated using the statutory tax rate of 35%, adjusted for permanent differences, if any.

Ameriprise Financial, Inc.
Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended December 31, 2005
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs			GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	1,869	$	—		$	1,869	Total revenues
Total expenses before separation costs	1,617		125			1,742		Total expenses
Income before income tax provision and separation costs	252		(125		)	127		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs (1)	59		(43		)	16		Income tax provision
Income before separation costs	193
Separation costs, after-tax (1)	82
Net Income (GAAP measure)	$	111				$	111	Net Income

(1) For this non-GAAP presentation of separation costs, after-tax is calculated using the statutory tax rate of 35%, adjusted for permanent differences, if any.

21

Ameriprise Financial, Inc.
Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Year Ended December 31, 2006
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs			GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	8,140	$	—		$	8,140	Total revenues
Total expenses before separation costs	6,982		361			7,343		Total expenses
Income before income tax provision, discontinued operations and separation costs	1,158		(361		)	797		Income before income tax provision and discontinued operations
Income tax provision before tax benefit attributable to separation costs (1)	292		(126		)	166		Income tax provision
Income before discontinued operations and separation costs	866
Separation costs, after-tax (1)	235
Income before discontinued operations (GAAP measure)	$	631				$	631	Income before discontinued operations

(1) For this non-GAAP presentation of separation costs, after-tax is calculated using the statutory tax rate of 35%, adjusted for permanent differences, if any.

Ameriprise Financial, Inc.
Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Year Ended December 31, 2005
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs			GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	7,484	$	—		$	7,484	Total revenues
Total expenses before separation costs	6,446		293			6,739		Total expenses
Income before income tax provision, discontinued operations and separation costs	1,038		(293		)	745		Income before income tax provision and discontinued operations
Income tax provision before tax benefit attributable to separation costs (1)	289		(102		)	187		Income tax provision
Income before discontinued operations and separation costs	749
Separation costs, after-tax (1)	191
Income before discontinued operations (GAAP measure)	$	558				$	558	Income before discontinued operations

(1) For this non-GAAP presentation of separation costs, after-tax is calculated using the statutory tax rate of 35%, adjusted for permanent differences, if any.

22

Ameriprise Financial, Inc.
Return on Equity Calculation for the 12 Months Ended December 31, 2006

	ROE excluding
	Discontinued
(in millions, unaudited)	Operations (1)			Adjustments			Adjusted ROE (2)
Return	$	631		$	235		$	866
Equity	$	7,588		(273		)	$	7,315
Return on Equity	8.3		%				11.8		%

Ameriprise Financial, Inc.
Return on Equity Calculation for the 12 Months Ended December 31, 2005

	ROE excluding
	Discontinued
(in millions, unaudited)	Operations (1)			Adjustments			Adjusted ROE (2)
Return	$	558		$	135		$	693
Equity	$	6,980		(168		)	$	6,812
Return on Equity	8.0		%				10.2		%

(1)

Return on equity calculated using the 12 month trailing income before discontinued operations in the numerator and the average of shareholders’ equity before the assets and liabilities of discontinued operations as of the last day of the preceding four quarters and the current quarter in the denominator.

(2)

Adjusted return on equity calculated using adjusted earnings (income before discontinued operations excluding non-recurring separation costs and AMEX Assurance) in the numerator, and equity excluding both the assets and liabilities of discontinued operations and equity allocated to expected non-recurring separation costs as of the last day of the preceding four quarters and the current quarter in the denominator.

Both return on equity calculations use the trailing twelve months’ return, and equity calculated using a five point average of quarter-end equity.

23

Ameriprise Financial, Inc.
Reconciliation Table: Ratio of Earnings to Fixed Charges

(in millions, unaudited)	Three Months Ended December 31, 2006
Ratio of Earnings to Fixed Charges(1)
Earnings	$	244
Fixed charges	$	41
Ratio of earnings to fixed charges	6.0x
Ratio of Earnings to Fixed Charges without interest expense on non-recourse debt(1)
Earnings	$	244
Interest expense on non-recourse debt:
Interest on debt of CDO consolidated per FIN 46(R)	(4)
Total earnings	$	240
Fixed charges	$	41
Interest expense on non-recourse debt:
Interest on debt of CDO consolidated per FIN 46(R)	(4)
Total fixed charges	$		37
Ratio of earnings to fixed charges without interest expense on non-recourse debt	6.5x

(1) Ratio of Earnings to Fixed Charges is a ratio comprised of earnings divided by fixed charges. Earnings are defined as income before income tax provision, plus interest and debt expense, the interest portion of rental expense, amortization of capitalized interest and adjustments related to equity investments and minority interests in consolidated entities. Fixed charges are defined as interest and debt expense, the interest portion of rental expense and capitalized interest. The ratio is also presented excluding the effect of interest on non-recourse debt of a Collatarized Debt Obligation consolidated in accordance with FIN 46(R).

Ameriprise Financial, Inc.

Reconciliation Table: Debt to Total Capital

December 31, 2006

(in millions, unaudited)	GAAP Measure			Non- recourse Debt		Debt Less Non-recourse Debt			Impact of 75% Equity Credit*		Debt Less Non- recourse with Equity Credit*
Debt	$	2,225		$	225	$	2,000		$	375	$	1,625
Capital	$	10,150		$	225	$	9,925				$	9,925
Debt to Capital	21.9		%			20.2		%			16.4		%

The Company’s junior subordinated notes receive an equity credit of at least 75% by the majority of the rating agencies.

# # #

© 2007 Ameriprise Financial, Inc. All rights reserved.

24

EX-99.2

Exhibit 99.2

Statistical Supplement

(unaudited)

Fourth Quarter 2006

Ameriprise Financial, Inc.

Table of Contents

	Page
Ameriprise Financial, Inc.
Financial Summary	1
Consolidated Income Statements	2
Adjusted Consolidated Income Statements	3
Financial Advisor and Client Metrics	4
Corporate Volumes	5
Consolidated Balance Sheets	6
Investment Detail	7
Selected Balance Sheet Information	8
Adjusted Segment Information	9
Asset Accumulation and Income Segment
Income Statements	10
Revenues by Product	11
Retail Managed Assets Rollforwards	12
Institutional Managed Assets Rollforwards	13
Financial Advisor Managed Assets Rollforwards	14
Owned Assets Related to Variable Products	15
Net Investment Income and Spread Products	16
Selected Asset Management Performance Information	17
Deferred Acquisition Costs Rollforwards	18
Protection Segment
Income Statements	19
Adjusted Income Statements	20
Adjusted Revenues by Product	21
Selected Statistical Information	22
Product Rollforwards	23
Corporate and Other and Eliminations Segment
Income Statements	24
Capital and Ratings Information	25
Non-GAAP Financial Information and Reclassification	26
Glossary of Selected Terminology	27-29
Exhibit A
RiverSourceSM Mutual Fund Performance and Lipper Ranking	A1-A12
Exhibit B
Adjusted Earnings Reconciliation Tables	B1-B11
Exhibit C
Disclosed Items	C1-C3
Exhibit D
Prior Statistical Supplement Reconciliation Tables	D1

Ameriprise Financial, Inc.

Financial Summary

(in millions, except per share amounts, headcount and where noted, unaudited)	4Q 2005			1Q 2006			2Q 2006			3Q 2006			4Q 2006			4Q’06 vs. 4Q’05 % Change		YTD 2005			YTD 2006
EPS - Basic: (1)
Net income	$	0.44		$	0.57		$	0.57		$	0.71		$	0.70		59	%	$	2.32		$	2.56
Income from discontinued operations	—			—			—			—			—			—		(0.06		)	—
Income attributable to AMEX Assurance, after-tax	—			—			—			—			—			—		(0.23		)	—
Separation costs, after-tax	0.33			0.18			0.22			0.23			0.33			—		0.77			0.95
Adjusted earnings, after-tax	$	0.77		$	0.75		$	0.79		$	0.94		$	1.03		34	%	$	2.80		$	3.51
EPS - Diluted:
Net income	$	0.44		$	0.57		$	0.57		$	0.71		$	0.69		57	%	$	2.32		$	2.54
Income from discontinued operations	—			—			—			—			—			—		(0.06		)	—
Income attributable to AMEX Assurance, after-tax	—			—			—			—			—			—		(0.23		)	—
Separation costs, after-tax	0.33			0.18			0.22			0.23			0.33			—		0.77			0.94
Adjusted earnings, after-tax	$	0.77		$	0.75		$	0.79		$	0.94		$	1.02		32	%	$	2.80		$	3.48
Management’s financial targets and performance:
Adjusted revenue growth: Target 6 - 8%	4.9		%	9.9		%	12.9		%	4.9		%	15.6		%			8.6		%	10.8		%
Adjusted earnings growth: Target 10 - 13%	(4.5		)%	17.4		%	21.9		%	29.1		%	30.1		%			(4.1		)%	25.0		%
Adjusted ROE: Target 12 - 15%	10.2		%	10.4		%	10.7		%	11.2		%	11.8		%			10.2		%	11.8		%
Contribution margin	49.6		%	50.0		%	52.8		%	50.5		%	51.9		%			50.5		%	51.4		%
Adjusted contribution margin	49.6		%	50.0		%	52.8		%	50.5		%	51.9		%			49.9		%	51.4		%
Net income margin	5.9		%	7.4		%	6.9		%	8.8		%	7.9		%			7.7		%	7.8		%
Effective tax rate on net income before discontinued operations	12.0		%	24.0		%	24.3		%	19.8		%	15.5		%			25.1		%	20.8		%
Effective tax rate on adjusted earnings	23.4		%	26.7		%	27.8		%	24.0		%	23.0		%			27.5		%	25.2		%
Return on equity before discontinued operations	8.0		%	7.4		%	7.1		%	7.6		%	8.3		%			8.0		%	8.3		%
Debt to total capital	19.3		%	20.7		%	25.1		%	22.5		%	21.9		%			19.3		%	21.9		%
Debt to total capital excluding non-recourse debt	16.8		%	17.0		%	21.7		%	20.5		%	20.2		%			16.8		%	20.2		%
Debt to total capital excluding non-recourse debt and 75% equity credit	16.8		%	17.0		%	17.6		%	16.7		%	16.4		%			16.8		%	16.4		%
Business metrics summary:
Owned, managed and administered assets (in billions)	$	428.2		$	445.7		$	427.9		$	440.0		$	466.1		9	%	$	428.2		$	466.1
Total financial advisors	12,440			12,379			12,372			12,427			12,592			1	%	12,440			12,592
Clients with a financial plan percentage	44		%	44		%	44		%	44		%	45		%			44		%	45		%
Total clients (in thousands)	2,776			2,762			2,770			2,779			2,786			—		2,776			2,786
Gross dealer concession	$	469		$	527		$	545		$	545		$	596		27	%	$	1,879		$	2,213
Employee base:
Field (employee advisors)	3,268			3,075			3,056			3,063			3,178			(3	)%	3,268			3,178
Non-field	8,589			8,582			8,607			8,647			8,680			1	%	8,589			8,680
Common shares outstanding	249.9			244.3			244.1			242.1			241.4			(3	)%	249.9			241.4
Weighted average common shares outstanding:
Basic	249.9			252.3			246.3			244.5			243.3			(3	)%	247.1			246.5
Diluted	250.3			253.5			248.0			246.4			246.3			(2	)%	247.2			248.5
Book value:
Book value	$	7,687		$	7,341		$	7,235		$	7,753		$	7,925		3	%	$	7,687		$	7,925
Book value, excluding the impact of accumulated other comprehensive income (OCI)	7,838			7,783			7,901			7,979			8,134			4	%	7,838			8,134
Book value per common share outstanding	30.76			30.05			29.64			32.02			32.83			7	%	30.76			32.83
Book value per common share outstanding, excluding the impact of OCI	31.37			31.86			32.37			32.96			33.70			7	%	31.37			33.70

⁽¹⁾EPS for other than EPS-Net income are non-GAAP financial measures.

#          Variance of 100% or greater.

1

Ameriprise Financial, Inc.

Consolidated Income Statements

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in millions, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
Revenues
Management, financial advice and service fees	$	651		$	710		$	721		$	720		$	814		25	%	$	2,578		$	2,965
Distribution fees	277			301			325			300			374			35	%	1,150			1,300
Net investment income	574			574			522			542			566			(1	)%	2,241			2,204
Premiums	228			220			229			244			239			5	%	979			932
Other revenues	139			144			256			171			168			21	%	536			739
Total revenues	1,869			1,949			2,053			1,977			2,161			16	%	7,484			8,140
Expenses
Compensation and benefits:
Field	374			423			436			428			478			28	%	1,515			1,765
Non-field	281			316			330			328			374			33	%	1,135			1,348
Total compensation and benefits	655			739			766			756			852			30	%	2,650			3,113
Interest credited to account values	334			324			307			317			316			(5	)%	1,310			1,264
Benefits, claims, losses and settlement expenses	234			227			225			233			245			5	%	880			930
Amortization of deferred acquisition costs	112			128			153			87			104			(7	)%	431			472
Interest and debt expense	21			23			28			32			33			57	%	73			116
Other expenses	261			250			304			248			285			9	%	1,102			1,087
Total expenses before separation costs (1)	1,617			1,691			1,783			1,673			1,835			13	%	6,446			6,982
Income before income tax provision, discontinued operations and separation costs (1)	252			258			270			304			326			29	%	1,038			1,158
Income tax provision before tax benefit attributable to separation costs (1)	59			69			75			73			75			27	%	289			292
Income before discontinued operations and separation costs (1)	193			189			195			231			251			30	%	749			866
Separation costs, after-tax (1)	82			44			54			57			80			(2	)%	191			235
Income before discontinued operations	111			145			141			174			171			54	%	558			631
Discontinued operations, net of tax	—			—			—			—			—			—		16			—
Net income	$	111		$	145		$	141		$	174		$	171		54	%	$	574		$	631
Other Information
Net investment gains (losses), after-tax	$	3		$	3		$	4		$	9		$	17			#	$	43		$	33
Dividends paid	$	27		$	28		$	27		$	27		$	26		(5	)%	$	244		$	108
Contribution margin	49.6		%	50.0		%	52.8		%	50.5		%	51.9		%			50.5		%	51.4		%

⁽¹⁾         See non-GAAP Financial Information.

#          Variance of 100% or greater.

2

Ameriprise Financial, Inc.

Adjusted Consolidated Income Statements

Excluding AMEX Assurance and Separation Costs

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in millions, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
Revenues
Management, financial advice and service fees	$	651		$	710		$	721		$	720		$	814		25	%	$	2,575		$	2,965
Distribution fees	277			301			325			300			374			35	%	1,150			1,300
Net investment income	574			574			522			542			566			(1	)%	2,232			2,204
Premiums	228			220			229			244			239			5	%	852			932
Other revenues	139			144			256			171			168			21	%	537			739
Total revenues	1,869			1,949			2,053			1,977			2,161			16	%	7,346			8,140
Expenses
Compensation and benefits:
Field	374			423			436			428			478			28	%	1,478			1,765
Non-field	281			316			330			328			374			33	%	1,135			1,348
Total compensation and benefits	655			739			766			756			852			30	%	2,613			3,113
Interest credited to account values	334			324			307			317			316			(5	)%	1,310			1,264
Benefits, claims, losses and settlement expenses	234			227			225			233			245			5	%	892			930
Amortization of deferred acquisition costs	112			128			153			87			104			(7	)%	414			472
Interest and debt expense	21			23			28			32			33			57	%	73			116
Other expenses	261			250			304			248			285			9	%	1,088			1,087
Total expenses before separation costs	1,617			1,691			1,783			1,673			1,835			13	%	6,390			6,982
Income before income tax provision, discontinued operations and separation costs	252			258			270			304			326			29	%	956			1,158
Income tax provision before tax benefit attributable to separation costs	59			69			75			73			75			27	%	263			292
Adjusted earnings	$	193		$	189		$	195		$	231		$	251		30	%	$	693		$	866
Other Information
Adjusted net investment gains (losses), pretax	$	5		$	4		$	6		$	14		$	27			#	$	66		$	51
Adjusted contribution margin	49.6		%	50.0		%	52.8		%	50.5		%	51.9		%			49.9		%	51.4		%

#          Variance of 100% or greater.

3

Ameriprise Financial, Inc.

Financial Advisor and Client Metrics

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
Financial Advisors
Employee advisors	3,268			3,075			3,056			3,063			3,178			(3	)%	3,268			3,178
Franchisee advisors	7,392			7,491			7,499			7,571			7,651			4	%	7,392			7,651
Total branded financial advisors	10,660			10,566			10,555			10,634			10,829			2	%	10,660			10,829
Securities America, Inc. registered representatives	1,780			1,813			1,817			1,793			1,763			(1	)%	1,780			1,763
Total financial advisors	12,440			12,379			12,372			12,427			12,592			1	%	12,440			12,592
Employee advisor retention	64		%	62		%	60		%	63		%	63		%			64		%	63		%
Franchisee advisor retention	91		%	91		%	91		%	93		%	93		%			91		%	93		%
Gross dealer concession per branded advisor (in thousands)	$	38.7		$	43.8		$	44.7		$	45.0		$	49.2		27	%	$	154.7		$	182.7
Client Relationships
Total clients (in thousands)	2,776			2,762			2,770			2,779			2,786			—		2,776			2,786
Client retention	94		%	92		%	93		%	93		%	93		%			94		%	93		%
Branded advisor clients (in thousands)	1,991			1,990			1,950			1,925			1,933			(3	)%	1,991			1,933
Clients with a financial plan percentage	44		%	44		%	44		%	44		%	45		%			44		%	45		%
Financial plans sold (in thousands)	55			63			58			55			61			11	%	233			237

#          Variance of 100% or greater.

4

Ameriprise Financial, Inc.

Corporate Volumes

	4Q		1Q		2Q		3Q		4Q		4Q’06 vs. 4Q’05		YTD		YTD
(in millions unless otherwise noted, unaudited)	2005		2006		2006		2006		2006		% Change		2005		2006
Owned, managed and administered assets (in billions)
Owned assets	$	86.9	$	89.1	$	89.1	$	92.7	$	97.2	12	%	$	86.9	$	97.2
Managed assets	264.0		276.2		276.1		283.4		299.8		14	%	264.0		299.8
Administered assets	77.3		80.4		62.7		63.9		69.1		(11	)%	77.3		69.1
Total owned, managed and administered assets	$	428.2	$	445.7	$	427.9	$	440.0	$	466.1	9	%	$	428.2	$	466.1
Ending RiverSource Managed Assets (in billions)	$	153.5	$	154.3	$	151.0	$	152.4	$	156.7	2	%	$	153.5	$	156.7
Cash Sales
By product:
Mutual funds and non-proprietary SPS wrap net flows	$	7,962	$	9,524	$	9,145	$	8,028	$	8,574	8	%	$	32,118	$	35,271
Annuities	2,394		2,870		3,475		3,341		3,257		36	%	9,287		12,943
Investment certificates	526		435		373		382		696		32	%	3,194		1,886
Life and other insurance products	262		289		265		273		274		5	%	1,013		1,101
Institutional products and services	2,013		2,250		1,790		1,912		2,485		23	%	7,136		8,437
Other	597		755		948		826		1,518			#	3,405		4,047
Total	$	13,754	$	16,123	$	15,996	$	14,762	$	16,804	22	%	$	56,153	$	63,685
By channel:
Branded advisor cash sales and wrap net flows	$	7,043	$	8,498	$	8,707	$	7,761	$	9,465	34	%	$	30,467	$	34,431
Securities America, Inc.	1,722		2,037		2,124		1,950		1,805		5	%	6,371		7,916
Third-party distribution	266		305		398		427		427		61	%	1,015		1,557
Institutional	1,613		2,442		1,647		1,568		2,060		28	%	6,695		7,717
Threadneedle	2,755		2,420		2,758		2,705		2,676		(3	)%	9,491		10,559
All other (AEB, etc.)	355		421		362		351		371		5	%	2,114		1,505
Total	$	13,754	$	16,123	$	15,996	$	14,762	$	16,804	22	%	$	56,153	$	63,685
Total gross dealer concession	$	469	$	527	$	545	$	545	$	596	27	%	$	1,879	$	2,213

#          Variance of 100% or greater.

5

Ameriprise Financial, Inc.

Consolidated Balance Sheets

	December 31,			March 31,			June 30,			September 30,			December 31,
(in millions, unaudited)	2005			2006			2006			2006			2006
Assets
Cash and cash equivalents	$	2,474		$	1,650		$	2,101		$	3,309		$	2,717
Investments	39,100			38,100			37,027			36,198			35,553
Receivables	2,172			2,382			2,441			2,504			2,960
Deferred acquisition costs	4,182			4,280			4,342			4,423			4,499
Separate account assets	41,561			45,220			45,751			48,834			53,848
Restricted and segregated cash	1,067			1,084			1,002			1,059			1,236
Other assets	2,565			3,105			3,385			3,177			3,359
Total assets	$	93,121		$	95,821		$	96,049		$	99,504		$	104,172
Liabilities
Future policy benefits and claims	$	32,731		$	32,200		$	31,546		$	30,794		$	30,033
Customer deposits	6,641			6,100			5,711			6,391			6,525
Accounts payable and accrued expenses	1,757			1,823			2,097			1,952			1,984
Debt	1,833			1,921			2,419			2,254			2,225
Separate account liabilities	41,561			45,220			45,751			48,834			53,848
Other liabilities	911			1,216			1,290			1,526			1,632
Total liabilities	85,434			88,480			88,814			91,751			96,247
Shareholders’ Equity
Common shares ($.01 par)	2			3			3			3			3
Additional paid-in capital	4,091			4,208			4,254			4,291			4,353
Retained earnings	3,745			3,862			3,976			4,123			4,268
Treasury stock	—			(290		)	(332		)	(438		)	(490		)
Accumulated other comprehensive income (loss), net of tax	(151		)	(442		)	(666		)	(226		)	(209		)
Total shareholders’ equity	7,687			7,341			7,235			7,753			7,925
Total liabilities and shareholders’ equity	$	93,121		$	95,821		$	96,049		$	99,504		$	104,172

6

Ameriprise Financial, Inc.

Investment Detail

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in millions unless otherwise noted, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
Net Investment Income
Investment income on fixed maturities	$	550		$	543		$	522		$	524		$	531		(3	)%	$	2,162		$	2,120
Realized gains (losses)	5			4			6			14			27				#	66			51
Income related to interest credited and benefits line hedges	11			1			(13		)	18			15			36	%	20			21
Other (including seed money)	8			26			7			(14		)	(7		)		#	(7		)	12
Total net investment income	$	574		$	574		$	522		$	542		$	566		(1	)%	$	2,241		$	2,204
Equity by Legal Entity
RiverSource Life Insurance Company	$	5,162		$	5,009		$	4,818		$	5,227		$	5,270		2	%
IDS Property Casualty Insurance Company	506			513			506			534			557			10	%
Ameriprise Certificate Company	276			225			199			234			230			(17	)%
Ameriprise Bank, FSB	—			—			—			172			169			—
Other	1,743			1,594			1,712			1,586			1,699			(3	)%
Total equity by legal entity	$	7,687		$	7,341		$	7,235		$	7,753		$	7,925		3	%
Mortgage and Other Asset-Backed Securities Portfolio Detail - Fair Value (in billions)
RiverSource Life Consolidated
Mortgage backed securities	$	6.5		$	6.2		$	6.0		$	5.7		$	5.4		(17	)%
Commercial mortgage backed securities	3.0			3.0			3.0			3.0			2.9			(3	)%
Asset backed securities	1.2			1.2			1.0			0.9			1.0			(17	)%
Total	$	10.7		$	10.4		$	10.0		$	9.6		$	9.3		(13	)%
Ameriprise Financial, Inc.
Mortgage backed securities	$	8.8		$	8.4		$	8.0		$	7.8		$	7.7		(13	)%
Commercial mortgage backed securities	3.5			3.5			3.4			3.4			3.4			(3	)%
Asset backed securities	1.6			1.5			1.4			1.3			1.2			(25	)%
Total	$	13.9		$	13.4		$	12.8		$	12.5		$	12.3		(12	)%
Mortgage Loans on Real Estate
Mortgage loans on real estate	$	3,190		$	3,147		$	3,129		$	3,111		$	3,096		(3	)%
Allowance for loan losses	(44		)	(41		)	(40		)	(40		)	(40		)	9	%
Mortgage loans on real estate, net	$	3,146		$	3,106		$	3,089		$	3,071		$	3,056		(3	)%

#          Variance of 100% or greater.

7

Ameriprise Financial, Inc.

Selected Balance Sheet Information

	4Q 2005						1Q 2006						2Q 2006						3Q 2006						4Q 2006
(in billions, unaudited)	Cost			Fair Value			Cost			Fair Value			Cost			Fair Value			Cost			Fair Value			Cost			Fair Value
Earning Assets by Type
Equity	—			—			—			—			0.1		%	0.1		%	0.1		%	0.1		%	0.1		%	0.1		%
Fixed income	39.5		%	39.4		%	37.6		%	37.2		%	36.8		%	36.1		%	34.2		%	33.9		%	31.9		%	31.7		%
Separate accounts	47.8		%	47.8		%	50.4		%	50.8		%	50.8		%	51.4		%	52.4		%	52.6		%	55.2		%	55.4		%
Other	12.7		%	12.8		%	12.0		%	12.0		%	12.3		%	12.4		%	13.3		%	13.4		%	12.8		%	12.8		%
Available-for-Sale (AFS) Investments
Corporate debt securities	$	18.6		$	18.6		$	18.5		$	18.1		$	18.1		$	17.5		$	17.5		$	17.3		$	17.0		$	16.8
Mortgage and other asset-backed securities	14.1			13.9			13.7			13.4			13.2			12.8			12.7			12.5			12.5			12.3
State and municipal obligations	0.9			0.9			0.9			0.9			1.0			1.0			1.0			1.1			1.0			1.1
U.S. government and agencies obligations	0.4			0.4			0.4			0.4			0.4			0.4			0.4			0.4			0.4			0.4
Foreign government bonds and obligations	0.1			0.1			0.1			0.1			0.1			0.1			0.1			0.1			0.1			0.1
Common and preferred stocks	—			—			—			—			0.1			0.1			0.1			0.1			0.1			0.1
Other debt	0.2			0.3			0.2			0.3			0.3			0.3			0.1			—			0.1			0.1
Total AFS investments	$	34.3		$	34.2		$	33.8		$	33.2		$	33.2		$	32.2		$	31.9		$	31.5		$	31.2		$	30.9
AFS Fixed Maturity Asset Quality
AAA	44		%				43		%				43		%				43		%				43		%
AA	7		%				8		%				8		%				8		%				9		%
A	19		%				19		%				18		%				18		%				17		%
BBB	23		%				23		%				24		%				24		%				24		%
Below investment grade	7		%				7		%				7		%				7		%				7		%
SFAS 115 related mark-to-market amount in assets, pretax	$	(0.1	)				$	(0.6	)				$	(1.0	)				$	(0.4	)				$	(0.3	)

8

Ameriprise Financial, Inc.

Adjusted Segment Information

Excluding AMEX Assurance and Separation Costs

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in millions unless otherwise noted, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
Revenues
Asset Accumulation and Income	$	1,343		$	1,422		$	1,493		$	1,423		$	1,590		18	%	$	5,350		$	5,928
Adjusted Protection	471			473			496			498			502			7	%	1,810			1,969
Corporate and Other and Eliminations	55			54			64			56			69			25	%	186			243
Total adjusted revenues	1,869			1,949			2,053			1,977			2,161			16	%	7,346			8,140
Expenses
Asset Accumulation and Income	1,156			1,194			1,271			1,231			1,341			16	%	4,634			5,037
Adjusted Protection	393			399			404			347			396			1	%	1,439			1,546
Adjusted Corporate and Other and Eliminations	68			98			108			95			98			44	%	317			399
Total adjusted expenses	1,617			1,691			1,783			1,673			1,835			13	%	6,390			6,982
Pretax Segment Income
Asset Accumulation and Income	187			228			222			192			249			33	%	716			891
Adjusted Protection	78			74			92			151			106			36	%	371			423
Adjusted Corporate and Other and Eliminations	(13		)	(44		)	(44		)	(39		)	(29		)		#	(131		)	(156		)
Total adjusted pretax segment income	$	252		$	258		$	270		$	304		$	326		29	%	$	956		$	1,158
Allocated Equity
Asset Accumulation and Income	$	3,864		$	3,851		$	3,767		$	3,910		$	3,811		(1	)%	$	3,864		$	3,811
Protection	2,162			2,173			2,234			2,246			2,261			5	%	2,162			2,261
Corporate and Other and Eliminations	1,812			1,759			1,900			1,823			2,062			14	%	1,812			2,062
Other comprehensive income	(151		)	(442		)	(666		)	(226		)	(209		)	(38	)%	(151		)	(209		)
Total shareholders’ equity	$	7,687		$	7,341		$	7,235		$	7,753		$	7,925		3	%	$	7,687		$	7,925
Gross Dealer Concession
Asset Accumulation and Income	$	371		$	423		$	443		$	446		$	487		31	%	$	1,494		$	1,799
Protection	53			52			52			51			54			2	%	205			209
Corporate and Other and Eliminations	45			52			50			48			55			22	%	180			205
Total gross dealer concession	$	469		$	527		$	545		$	545		$	596		27	%	$	1,879		$	2,213
Owned, Managed and Administered Assets (in billions)
Owned Assets
Asset Accumulation and Income	$	72.1		$	74.4		$	72.6		$	76.0		$	79.7		11	%	$	72.1		$	79.7
Protection	12.5			13.0			14.1			14.6			15.2			22	%	12.5			15.2
Corporate and Other and Eliminations	2.3			1.7			2.4			2.1			2.3			—		2.3			2.3
Total owned assets	86.9			89.1			89.1			92.7			97.2			12	%	86.9			97.2
Managed Assets
Asset Accumulation and Income	264.0			276.2			276.1			283.4			299.8			14	%	264.0			299.8
Total managed assets	264.0			276.2			276.1			283.4			299.8			14	%	264.0			299.8
Administered Assets
Asset Accumulation and Income	77.3			80.4			62.7			63.9			69.1			(11	)%	77.3			69.1
Total administered assets	77.3			80.4			62.7			63.9			69.1			(11	)%	77.3			69.1
Total owned, managed and administered assets	$	428.2		$	445.7		$	427.9		$	440.0		$	466.1		9	%	$	428.2		$	466.1

#          Variance of 100% or greater.

9

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment

Income Statements

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in millions, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
Revenues
Management, financial advice and service fees	$	592		$	646		$	654		$	657		$	749		27	%	$	2,316		$	2,706
Distribution fees	249			273			297			272			344			38	%	1,041			1,186
Net investment income	486			475			427			443			454			(7	)%	1,923			1,799
Other revenues	16			28			115			51			43				#	70			237
Total revenues	1,343			1,422			1,493			1,423			1,590			18	%	5,350			5,928
Expenses
Compensation and benefits - field	316			366			376			370			425			34	%	1,266			1,537
Interest credited to account values	297			288			271			281			279			(6	)%	1,164			1,119
Benefits, claims, losses and settlement expenses	21			4			12			3			22			5	%	52			41
Amortization of deferred acquisition costs	73			87			91			98			63			(14	)%	323			339
Interest and debt expense	—			3			5			4			3			—		—			15
Other expenses	449			446			516			475			549			22	%	1,829			1,986
Total expenses	1,156			1,194			1,271			1,231			1,341			16	%	4,634			5,037
Pretax segment income	$	187		$	228		$	222		$	192		$	249		33	%	$	716		$	891
Other Information
Net investment gains (losses), pretax	$	6		$	1		$	6		$	12		$	21			#	$	42		$	40
Contribution margin	52.8		%	53.7		%	55.9		%	54.0		%	54.3		%			53.6		%	54.5		%
Allocated equity	$	3,864		$	3,851		$	3,767		$	3,910		$	3,811		(1	)%	$	3,864		$	3,811
Return on allocated equity for pretax segment income	19.3		%	20.5		%	21.7		%	21.8		%	23.2		%			19.3		%	23.2		%

#          Variance of 100% or greater.

10

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment

Revenues by Product

	4Q		1Q		2Q		3Q		4Q		4Q’06 vs. 4Q’05		YTD		YTD
(in millions, unaudited)	2005		2006		2006		2006		2006		% Change		2005		2006
Revenues
Management, financial advice and service fees
Asset management	$	290	$	293	$	296	$	294	$	347	20	%	$	1,217	$	1,230
Variable annuities	134		138		146		150		171		28	%	481		605
Fixed annuities	2		1		2		2		1		(50	)%	5		6
Brokerage, banking and other	166		214		210		211		230		39	%	613		865
Total management, financial advice and service fees	592		646		654		657		749		27	%	2,316		2,706
Distribution fees
Asset management	40		46		42		37		39		(3	)%	178		164
Variable annuities	8		10		10		10		8		—		35		38
Fixed annuities	2		3		3		2		2		—		10		10
Brokerage, banking and other	199		214		242		223		295		48	%	818		974
Total distribution fees	249		273		297		272		344		38	%	1,041		1,186
Net investment income
Asset management	7		11		4		22		3		(57	)%	23		40
Variable annuities	86		71		68		67		63		(27	)%	343		269
Fixed annuities	293		304		278		267		288		(2	)%	1,211		1,137
Certificates	78		74		60		70		70		(10	)%	296		274
Brokerage, banking and other	22		15		17		17		30		36	%	50		79
Total net investment income	486		475		427		443		454		(7	)%	1,923		1,799
Other revenues
Asset management	1		8		99		28		20			#	12		155
Variable annuities	5		10		11		12		14			#	26		47
Brokerage, banking and other	10		10		5		11		9		(10	)%	32		35
Total other revenues	16		28		115		51		43			#	70		237
Total revenues	$	1,343	$	1,422	$	1,493	$	1,423	$	1,590	18	%	$	5,350	$	5,928
Total revenues
Asset management	$	338	$	358	$	441	$	381	$	409	21	%	$	1,430	$	1,589
Variable annuities	233		229		235		239		256		10	%	885		959
Fixed annuities	297		308		283		271		291		(2	)%	1,226		1,153
Certificates	78		74		60		70		70		(10	)%	296		274
Brokerage, banking and other	397		453		474		462		564		42	%	1,513		1,953
Total revenues	$	1,343	$	1,422	$	1,493	$	1,423	$	1,590	18	%	$	5,350	$	5,928

#          Variance of 100% or greater.

11

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment

Retail Managed Assets Rollforwards

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in billions, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
RiverSource Managed Mutual Funds
Beginning assets	$	59.4		$	58.1		$	58.8		$	56.8		$	57.6		(3	)%	$	65.3		$	58.1
Sales	2.0			2.5			2.7			2.9			2.7			35	%	8.1			10.8
Redemptions	(4.2		)	(4.7		)	(3.7		)	(3.6		)	(4.2		)	—		(18.1		)	(16.2		)
Market appreciation (depreciation)	1.0			2.9			(0.9		)	1.6			3.4				#	3.1			7.0
Other	(0.1		)	—			(0.1		)	(0.1		)	—				#	(0.3		)	(0.2		)
Total ending assets	$	58.1		$	58.8		$	56.8		$	57.6		$	59.5		2	%	$	58.1		$	59.5
Percent of Ending Assets Subadvised by Others	11		%	13		%	12		%	12		%	13		%			11		%	13		%
RiverSource Managed Mutual Funds by Type
Equity mutual funds	$	38.0		$	39.1		$	37.2		$	37.4		$	39.0		3	%	$	38.0		$	39.0
Taxable fixed income mutual funds	8.4			8.1			7.9			8.1			8.0			(5	)%	8.4			8.0
Tax-exempt fixed income mutual funds	5.6			5.3			5.0			4.9			4.8			(14	)%	5.6			4.8
Money market mutual funds	3.5			3.6			3.9			4.3			4.5			29	%	3.5			4.5
Hybrid and other mutual funds	2.6			2.7			2.8			2.9			3.2			23	%	2.6			3.2
Total ending assets	$	58.1		$	58.8		$	56.8		$	57.6		$	59.5		2	%	$	58.1		$	59.5
Threadneedle Managed Mutual Funds
Beginning assets	$	13.4		$	14.0		$	15.3		$	14.9		$	15.6		16	%	$	12.2		$	14.0
Sales	1.5			1.3			1.3			1.2			1.3			(13	)%	5.2			5.1
Redemptions	(1.3		)	(1.4		)	(1.6		)	(1.5		)	(1.9		)	(46	)%	(4.4		)	(6.4		)
Market appreciation (depreciation)	0.8			1.1			(0.8		)	0.6			0.9			13	%	2.4			1.8
Foreign currency translation	(0.2		)	0.1			0.7			0.4			0.7				#	(1.2		)	1.9
Other	(0.2		)	0.2			—			—			—				#	(0.2		)	0.2
Total ending assets	$	14.0		$	15.3		$	14.9		$	15.6		$	16.6		19	%	$	14.0		$	16.6
Threadneedle Managed Mutual Funds by Type
Equity mutual funds	$	10.4		$	11.5		$	11.0		$	11.5		$	12.2		17	%	$	10.4		$	12.2
Fixed income mutual funds	2.9			2.9			3.0			3.1			3.3			14	%	2.9			3.3
Money market mutual funds	0.2			0.3			0.3			0.3			0.3			50	%	0.2			0.3
Hybrid and other mutual funds	0.5			0.6			0.6			0.7			0.8			60	%	0.5			0.8
Total ending assets	$	14.0		$	15.3		$	14.9		$	15.6		$	16.6		19	%	$	14.0		$	16.6
RiverSource Collective Funds
Beginning assets	$	11.3		$	11.2		$	10.8		$	10.6		$	10.7		(5	)%	$	12.1		$	11.2
Sales	0.3			0.4			0.5			0.3			0.3			—		1.6			1.5
Redemptions	(0.8		)	(1.2		)	(0.6		)	(0.6		)	(1.3		)	(63	)%	(3.4		)	(3.7		)
Market appreciation (depreciation)	0.2			0.4			—			0.2			0.3			50	%	0.5			0.9
Other	0.2			—			(0.1		)	0.2			0.1			(50	)%	0.4			0.2
Total ending assets	$	11.2		$	10.8		$	10.6		$	10.7		$	10.1		(10	)%	$	11.2		$	10.1

#          Variance of 100% or greater.

12

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment
Institutional Managed Assets Rollforwards

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in billions, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
RiverSource Managed Institutional Accounts
Beginning assets	$	27.3		$	27.2		$	27.5		$	27.3		$	26.9		(1	)%	$	30.8		$	27.2
Sales	1.0			1.4			0.6			0.9			1.8			80	%	3.8			4.7
Redemptions	(0.6		)	(0.8		)	(0.6		)	(1.7		)	(0.9		)	(50	)%	(7.3		)	(4.0		)
Market appreciation (depreciation)	0.1			0.1			(0.1		)	0.3			0.2				#	0.2			0.5
Other	(0.6		)	(0.4		)	(0.1		)	0.1			(0.1		)	83	%	(0.3		)	(0.5		)
Total ending assets	$	27.2		$	27.5		$	27.3		$	26.9		$	27.9		3	%	$	27.2		$	27.9
RiverSource Managed Institutional Assets by Type
Equity ending assets	$	2.7		$	2.5		$	2.5		$	2.6		$	2.9		7	%	$	2.7		$	2.9
Fixed income ending assets	23.8			24.8			24.3			23.8			24.1			1	%	23.8			24.1
Money market ending assets	0.6			0.2			0.4			0.4			0.8			33	%	0.6			0.8
Other ending assets	0.1			—			0.1			0.1			0.1			—		0.1			0.1
Total ending assets	$	27.2		$	27.5		$	27.3		$	26.9		$	27.9		3	%	$	27.2		$	27.9
Threadneedle Managed Institutional Accounts
Beginning assets	$	99.6		$	99.6		$	104.1		$	105.2		$	108.0		8	%	$	100.6		$	99.6
Sales	7.0			4.6			5.8			5.4			5.9			(16	)%	20.9			21.7
Redemptions	(7.9		)	(5.5		)	(6.8		)	(7.6		)	(7.9		)	—		(25.9		)	(27.8		)
Market appreciation (depreciation)	2.8			4.0			(3.3		)	1.6			3.0			7	%	11.1			5.3
Foreign currency translation	(1.4		)	0.7			4.4			2.8			5.0				#	(9.4		)	12.9
Other	(0.5		)	0.7			1.0			0.6			1.1				#	2.3			3.4
Total ending assets	$	99.6		$	104.1		$	105.2		$	108.0		$	115.1		16	%	$	99.6		$	115.1
Threadneedle Managed Institutional Assets by Type
Equity ending assets	$	49.9		$	53.9		$	52.5		$	54.0		$	57.8		16	%	$	49.9		$	57.8
Fixed income ending assets	33.6			33.7			35.9			36.9			38.4			14	%	33.6			38.4
Money market ending assets	5.8			5.8			5.3			5.1			6.0			3	%	5.8			6.0
Other ending assets	10.3			10.7			11.5			12.0			12.9			25	%	10.3			12.9
Total ending assets	$	99.6		$	104.1		$	105.2		$	108.0		$	115.1		16	%	$	99.6		$	115.1

#          Variance of 100% or greater.

13

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment
Financial Advisor Managed Assets Rollforwards

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in billions, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
Ameriprise Wrap Accounts
Beginning assets	$	47.0		$	49.7		$	54.9		$	56.7		$	59.9		27	%	$	37.3		$	49.7
Mutual fund net flows	1.3			1.9			1.9			1.2			1.3			—		6.0			6.3
Market appreciation (depreciation) and other	1.4			3.3			(0.1		)	2.0			4.7				#	6.4			9.9
Total ending assets	$	49.7		$	54.9		$	56.7		$	59.9		$	65.9		33	%	$	49.7		$	65.9
Money Market Funds as a % of Ending Assets	6.1		%	4.3		%	6.2		%	5.9		%	6.4		%			6.1		%	6.4		%
SAI Wrap Accounts
Beginning assets	$	6.7		$	8.0		$	9.1		$	9.8		$	10.2		52	%	$	5.1		$	8.0
Net flows	1.5			0.6			0.6			0.3			0.3			(80	)%	2.9			1.8
Market appreciation (depreciation) and other	(0.2		)	0.5			0.1			0.1			—				#	—			0.7
Total ending assets	$	8.0		$	9.1		$	9.8		$	10.2		$	10.5		31	%	$	8.0		$	10.5

#          Variance of 100% or greater.

14

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment
Owned Assets Related to Variable Products

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in billions, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
Variable Annuities (1)
Beginning balance	$	31.6		$	33.2		$	36.1		$	36.7		$	39.3		24	%	$	28.3		$	33.2
Deposits	1.7			2.1			2.5			2.4			2.6			53	%	6.2			9.6
Withdrawals and surrenders	(0.8		)	(1.0		)	(1.2		)	(1.0		)	(1.1		)	(38	)%	(3.3		)	(4.3		)
Net flows	0.9			1.1			1.3			1.4			1.5			67	%	2.9			5.3
Investment performance and interest credited	0.7			1.9			(0.8		)	1.1			2.5				#	2.0			4.7
Other	—			(0.1		)	0.1			0.1			0.2			—		—			0.3
Total ending balance - contract reserves	$	33.2		$	36.1		$	36.7		$	39.3		$	43.5		31	%	$	33.2		$	43.5
Assets Managed by RiverSource
Variable annuity separate account assets	$	16.4		$	17.2		$	17.3		$	18.1		$	19.7		20	%
Variable universal life assets (2)	2.2			2.3			2.3			2.4			2.6			18	%
Assets Managed by Threadneedle	3.6			4.0			4.0			4.2			4.6			28	%

⁽¹⁾     The fixed portion of the Variable annuities product is included in the Fixed annuities product account values on page 16.

⁽²⁾     Revenue associated with this product is included in the Protection segment.

#      Variance of 100% or greater.

15

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment

Net Investment Income and Spread Products

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in millions, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
Net Investment Income
Realized gains (losses)	$	6		$	1		$	6		$	12		$	21			#	$	42		$	40
Income related to interest credited and benefits line hedges	11			1			(13		)	18			15			36	%	20			21
Net investment income	$	486		$	475		$	427		$	443		$	454		(7	)%	$	1,923		$	1,799
Certificates (Excluding Discontinued Operations)
Beginning balance	$	6,392		$	5,649		$	5,180		$	4,863		$	4,608		(28	)%	$	5,831		$	5,649
Deposits	538			471			378			390			706			31	%	3,244			1,945
Withdrawals and surrenders	(1,337		)	(993		)	(738		)	(700		)	(653		)	51	%	(3,628		)	(3,084		)
Net flows	(799		)	(522		)	(360		)	(310		)	53				#	(384		)	(1,139		)
Interest credited	56			55			42			56			58			4	%	199			211
Other	—			(2		)	1			(1		)	1			—		3			(1		)
Total ending balance	$	5,649		$	5,180		$	4,863		$	4,608		$	4,720		(16	)%	$	5,649		$	4,720
Asset earnings rate	4.83		%	4.89		%	4.93		%	4.92		%	4.90		%			4.67		%	4.91		%
Crediting rate	(3.34		)%	(3.48		)%	(3.66		)%	(3.92		)%	(4.15		)%			(2.99		)%	(3.79		)%
Spread (1)	1.49		%	1.41		%	1.27		%	1.00		%	0.75		%			1.68		%	1.12		%
Annuities Fixed Account Balances
Beginning balance	$	26,460		$	26,126		$	25,529		$	24,801		$	23,977		(9	)%	$	26,979		$	26,126
Deposits	207			237			221			232			183			(12	)%	1,148			873
Withdrawals and surrenders	(782		)	(1,060		)	(1,176		)	(1,238		)	(1,237		)	(58	)%	(2,989		)	(4,711		)
Net flows	(575		)	(823		)	(955		)	(1,006		)	(1,054		)	(83	)%	(1,841		)	(3,838		)
Policyholder interest credited	242			236			230			228			223			(8	)%	980			917
Other	(1		)	(10		)	(3		)	(46		)	(13		)	#		8			(72		)
Total ending balance	$	26,126		$	25,529		$	24,801		$	23,977		$	23,133		(11	)%	$	26,126		$	23,133
Capitalized Interest	$	1		$	3		$	2		$	3		$	2			#	$	15		$	10
Ending Balance Attributable to Variable Annuities Fixed Sub-Accounts	$	6,999		$	6,810		$	6,572		$	6,277		$	5,975		(15	)%	$	6,999		$	5,975
Asset earnings rate	5.60		%	5.83		%	5.64		%	5.21		%	5.57		%			5.66		%	5.57		%
Crediting rate	(3.54		)%	(3.54		)%	(3.54		)%	(3.56		)%	(3.57		)%			(3.58		)%	(3.55		)%
Spread (2)	2.06		%	2.29		%	2.10		%	1.65		%	2.00		%			2.08		%	2.02		%

⁽¹⁾      The investment income effect of options backing the Stock Market Certificate and the corresponding credited amounts to certificate holders has been excluded from these rates.

⁽²⁾      Attributable to interest sensitive products only, which has ranged between 87% to 89% of the total ending annuities fixed accounts balance in the periods reported.  The asset earnings rate is a calculated theoretical yield obtained from the assignment of investment income using the investment year method of allocation.

#       Variance of 100% or greater.

16

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment

Selected Asset Management Performance Information

	4Q		1Q		2Q		3Q		4Q
	2005		2006		2006		2006		2006
RiverSource Mutual Fund Performance (1)
Equity - 12 month	69	%	73	%	69	%	73	%	77	%
Fixed Income - 12 month	50	%	50	%	44	%	78	%	72	%
Taxable Fixed Income - 12 month	80	%	78	%	67	%	78	%	67	%
Tax-exempt Fixed Income - 12 month	20	%	22	%	22	%	78	%	78	%
Equity - 3 year	38	%	56	%	53	%	58	%	63	%
Fixed Income - 3 year	38	%	43	%	41	%	47	%	53	%
Taxable Fixed Income - 3 year	67	%	80	%	63	%	75	%	75	%
Tax-exempt Fixed Income - 3 year	20	%	22	%	22	%	22	%	33	%
Threadneedle Mutual Fund Performance (2)
Equity - 12 month	69	%	84	%	83	%	72	%	63	%
Fixed Income - 12 month	78	%	78	%	44	%	67	%	56	%
Equity - 3 year	19	%	41	%	59	%	64	%	57	%
Fixed Income - 3 year	56	%	56	%	56	%	78	%	67	%

⁽¹⁾Percent of funds, equal weighted in top 2 Lipper quartiles.

⁽²⁾Percent of funds, equal weighted in top 2 S&P quartiles.

Aggregated data shows only actively-managed mutual funds by affiliated investment managers.

Aggregated data does not include mutual funds subadvised by advisors not affiliated with Ameriprise Financial, Inc. or index funds.

Aggregated equity rankings include RiverSource Portfolio Builder Series and other balanced and asset allocation funds that invest in both equities and fixed income.

RiverSource Portfolio Builder Series funds are funds of mutual funds that may invest in third-party subadvised funds.

Aggregated data only includes mutual funds in existence as of current quarter end.  Refer to Exhibit A for RiverSource individual mutual fund performance rankings and other important disclosures.

Exhibit A includes RiverSource performance rankings for funds subadvised by non-affiliated advisors for general reference although not included in the summary above.

17

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment

Deferred Acquisition Costs Rollforwards

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in millions, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
Variable Annuities
Beginning balance	$	1,641		$	1,719		$	1,809		$	1,887		$	1,926		17	%	$	1,446		$	1,719
Capitalization	105			112			113			119			121			15	%	385			465
Amortization	(40		)	(48		)	(56		)	(69		)	(34		)	15	%	(166		)	(207		)
Other (FAS 115)	13			26			21			(11		)	(9		)		#	54			27
Total ending balance	$	1,719		$	1,809		$	1,887		$	1,926		$	2,004		17	%	$	1,719		$	2,004
Fixed Annuities
Beginning balance	$	409		$	396		$	391		$	381		$	359		(12	)%	$	426		$	396
Capitalization	4			6			5			5			3			(25	)%	32			19
Amortization	(21		)	(21		)	(22		)	(17		)	(20		)	5	%	(78		)	(80		)
Other (FAS 115)	4			10			7			(10		)	1			(75	)%	16			8
Total ending balance	$	396		$	391		$	381		$	359		$	343		(13	)%	$	396		$	343
Other
Beginning balance	$	106		$	109		$	95		$	88		$	80		(25	)%	$	166		$	109
Capitalization	4			5			5			4			4			—		19			18
Amortization	(12		)	(18		)	(13		)	(12		)	(9		)	25	%	(78		)	(52		)
Other (FAS 115)	11			(1		)	1			—			(1		)		#	2			(1		)
Total ending balance	$	109		$	95		$	88		$	80		$	74		(32	)%	$	109		$	74

#          Variance of 100% or greater.

18

Ameriprise Financial, Inc.

Protection Segment

Income Statements

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in millions, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
Revenues
Management, financial advice and service fees	$	18		$	19		$	19		$	20		$	22		22	%	$	67		$	80
Distribution fees	25			28			27			27			29			16	%	106			111
Net investment income	81			89			86			87			92			14	%	339			354
Premiums	234			226			234			249			246			5	%	1,001			955
Other revenues	113			111			130			115			113			—		435			469
Total revenues	471			473			496			498			502			7	%	1,948			1,969
Expenses
Compensation and benefits - field	23			23			22			22			21			(9	)%	115			88
Interest credited to account values	37			36			36			36			37			—		146			145
Benefits, claims, losses and settlement expenses	213			223			213			230			223			5	%	828			889
Amortization of deferred acquisition costs	39			41			62			(11		)	41			5	%	108			133
Other expenses	81			76			71			70			74			(9	)%	298			291
Total expenses	393			399			404			347			396			1	%	1,495			1,546
Pretax segment income	$	78		$	74		$	92		$	151		$	106		36	%	$	453		$	423
Other Information
Net investment gains (losses), pretax	$	(2	)	$	2		$	—		$	2		$	6			#	$	10		$	10
Contribution margin	42.0		%	40.4		%	45.4		%	42.2		%	44.0		%			44.1		%	43.0		%
Allocated equity	$	2,162		$	2,173		$	2,234		$	2,246		$	2,261		5	%	$	2,162		$	2,261
Return on allocated equity for pretax segment income	21.9		%	19.7		%	17.7		%	18.1		%	19.1		%			21.9		%	19.1		%

#Variance of 100% or greater.

19

Ameriprise Financial, Inc.

Protection Segment

Adjusted Income Statements

Excluding AMEX Assurance

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in millions, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
Revenues
Management, financial advice and service fees	$	18		$	19		$	19		$	20		$	22		22	%	$	64		$	80
Distribution fees	25			28			27			27			29			16	%	106			111
Net investment income	81			89			86			87			92			14	%	330			354
Premiums	234			226			234			249			246			5	%	874			955
Other revenues	113			111			130			115			113			—		436			469
Total revenues	471			473			496			498			502			7	%	1,810			1,969
Expenses
Compensation and benefits - field	23			23			22			22			21			(9	)%	78			88
Interest credited to account values	37			36			36			36			37			—		146			145
Benefits, claims, losses and settlement expenses	213			223			213			230			223			5	%	840			889
Amortization of deferred acquisition costs	39			41			62			(11		)	41			5	%	91			133
Other expenses	81			76			71			70			74			(9	)%	284			291
Total expenses	393			399			404			347			396			1	%	1,439			1,546
Adjusted pretax segment income	$	78		$	74		$	92		$	151		$	106		36	%	$	371		$	423
Other Information
Adjusted net investment gains (losses), pretax	$	(2	)	$	2		$	—		$	2		$	6			#	$	10		$	10
Adjusted contribution margin	42.0		%	40.4		%	45.4		%	42.2		%	44.0		%			41.2		%	43.0		%
Allocated equity	$	2,162		$	2,173		$	2,234		$	2,246		$	2,261		5	%	$	2,162		$	2,261
Return on allocated equity for adjusted pretax segment income	17.9		%	17.7		%	17.3		%	18.1		%	19.1		%			17.9		%	19.1		%

#Variance of 100% or greater.

20

Ameriprise Financial, Inc.

Protection Segment

Adjusted Revenues by Product

	4Q		1Q			2Q			3Q		4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in millions, unaudited)	2005		2006			2006			2006		2006			% Change		2005			2006
Revenues
Management, financial advice and service fees
VUL / UL	$	16	$	18		$	18		$	19	$	21		31	%	$	60		$	76
Auto and Home	1		1			1			1		—				#	3			3
Disability income, LTC and other	1		—			—			—		1			—		1			1
Adjusted management, financial advice and service fees	18		19			19			20		22			22	%	64			80
AMEX Assurance	—		—			—			—		—			—		3			—
Total management, financial advice and service fees	18		19			19			20		22			22	%	67			80
Distribution fees
VUL / UL	17		18			19			18		18			6	%	70			73
Auto and Home	—		1			—			—		1			—		1			2
Disability income, LTC and other	8		9			8			9		10			25	%	35			36
Total distribution fees	25		28			27			27		29			16	%	106			111
Net investment income
VUL / UL	31		31			29			27		30			(3	)%	120			117
Traditional life	4		4			4			4		4			—		16			16
Auto and Home	9		10			10			14		11			22	%	29			45
Disability income, LTC and other	37		44			43			42		47			27	%	165			176
Adjusted net investment income	81		89			86			87		92			14	%	330			354
AMEX Assurance	—		—			—			—		—			—		9			—
Total net investment income	81		89			86			87		92			14	%	339			354
Premiums
Traditional life	22		18			18			19		18			(18	)%	75			73
Auto and Home(1)	136		133			139			140		147			8	%	504			559
Disability income, LTC and other	76		75			77			90		81			7	%	295			323
Adjusted premiums	234		226			234			249		246			5	%	874			955
AMEX Assurance	—		—			—			—		—			—		127			—
Total premiums	234		226			234			249		246			5	%	1,001			955
Other revenues
VUL / UL	110		111			132			111		114			4	%	435			468
Auto and Home	—		(1		)	—			1		—			—		(2		)	—
Disability income, LTC and other	3		1			(2		)	3		(1		)		#	3			1
Adjusted other revenues	113		111			130			115		113			—		436			469
AMEX Assurance	—		—			—			—		—			—		(1		)	—
Total other revenues	113		111			130			115		113			—		435			469
Total revenues	$	471	$	473		$	496		$	498	$	502		7	%	$	1,948		$	1,969
Total revenues by product
VUL / UL	$	174	$	178		$	198		$	175	$	183		5	%	$	685		$	734
Traditional life	26		22			22			23		22			(15	)%	91			89
Auto and Home	146		144			150			156		159			9	%	535			609
Disability income, LTC and other	125		129			126			144		138			10	%	499			537
Adjusted total revenues by product	471		473			496			498		502			7	%	1,810			1,969
AMEX Assurance	—		—			—			—		—			—		138			—
Total revenues by product	$	471	$	473		$	496		$	498	$	502		7	%	$	1,948		$	1,969

⁽¹⁾      Includes intercompany E&O premiums which are eliminated in the Corporate and Other and Eliminations Segment.

^#        Variance of 100% or greater.

21

Ameriprise Financial, Inc.

Protection Segment

Selected Statistical Information

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in millions unless otherwise noted, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
Sales
VUL/UL(1)	$	92		$	90		$	86		$	84		$	90		(2	)%	$	340		$	350
Term and whole life	5			5			5			4			6			20	%	20			20
Disability income	6			5			5			5			5			(17	)%	21			20
Brokered insurance and other	10			10			10			11			9			(10	)%	41			40
Lapse Rate
VUL/UL	5.0		%	5.7		%	5.6		%	6.1		%	5.8		%			5.2		%	5.8		%
Face Amount Outstanding
VUL/UL	$	105,924		$	107,531		$	108,974		$	110,419		$	111,889		6	%	$	105,924		$	111,889
Term and whole life	52,163			54,346			56,517			58,293			60,278			16	%	52,163			60,278
Other (2)	1,931			1,906			1,882			1,867			1,855			(4	)%	1,931			1,855
Total face amount outstanding	$	160,018		$	163,783		$	167,373		$	170,579		$	174,022		9	%	$	160,018		$	174,022
Policyholder Reserves (net)
VUL/UL	$	7,327		$	7,708		$	7,653		$	7,882		$	8,334		14	%	$	7,327		$	8,334
Term and whole life	234			234			237			235			234			—		234			234
Disability income	356			368			374			381			386			8	%	356			386
Long term care and other	2,107			2,133			2,147			2,167			2,197			4	%	2,107			2,197
Net Amount at Risk(3)
VUL/UL	$	48,804		$	48,047		$	47,731		$	47,019		$	46,327		(5	)%	$	48,804		$	46,327
Term and whole life	15,616			15,449			15,435			15,091			15,039			(4	)%	15,616			15,039
Auto and Home Insurance
Policy count (in thousands)	451			459			469			481			490			9	%	451			490
Loss ratio	82.6		%	82.8		%	74.4		%	82.8		%	76.1		%			82.4		%	79.0		%
Expense ratio	17.2		%	14.9		%	15.7		%	15.8		%	15.4		%			15.5		%	15.4		%

⁽¹⁾      Includes lump sum deposits.

⁽²⁾      Includes only other life insurance.

⁽³⁾      Face amount outstanding less policyholder reserves net of re-insurance.

#       Variance of 100% or greater.

22

Ameriprise Financial, Inc.

Protection Segment

Product Rollforwards

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in millions, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
Future Policy Benefits and Policyholder Account Balances
VUL/UL
Beginning balance	$	7,131		$	7,327		$	7,708		$	7,653		$	7,882		11	%	$	6,686		$	7,327
Premiums and deposits	259			266			264			263			278			7	%	1,003			1,071
Investment performance and interest credited	139			339			(98		)	183			407				#	447			831
Withdrawals and surrenders	(221		)	(242		)	(244		)	(237		)	(257		)	(16	)%	(865		)	(980		)
Other	19			18			23			20			24			26	%	56			85
Total ending balance	$	7,327		$	7,708		$	7,653		$	7,882		$	8,334		14	%	$	7,327		$	8,334
Deferred Acquisition Costs
VUL/UL
Beginning balance	$	1,350		$	1,371		$	1,397		$	1,422		$	1,492		11	%	$	1,239		$	1,371
Capitalization	34			34			31			30			31			(9	)%	130			126
Amortization	(16		)	(14		)	(10		)	38			(14		)	13	%	(8		)	—
Other (FAS 115)	3			6			4			2			(2		)		#	10			10
Total ending balance	$	1,371		$	1,397		$	1,422		$	1,492		$	1,507		10	%	$	1,371		$	1,507
Term and Whole Life
Beginning balance	$	100		$	101		$	102		$	104		$	105		5	%	$	92		$	101
Capitalization	6			6			6			6			7			17	%	25			25
Amortization	(6		)	(6		)	(4		)	(4		)	(3		)	50	%	(17		)	(17		)
Other	1			1			—			(1		)	—				#	1			—
Total ending balance	$	101		$	102		$	104		$	105		$	109		8	%	$	101		$	109
Disability Income, LTC and Other
Beginning balance	$	445		$	448		$	446		$	447		$	448		1	%	$	436		$	448
Capitalization	16			15			12			13			12			(25	)%	61			52
Amortization	(12		)	(16		)	(13		)	(11		)	(12		)	—		(47		)	(52		)
Other	(1		)	(1		)	2			(1		)	—				#	(2		)	—
Total ending balance	$	448		$	446		$	447		$	448		$	448		—		$	448		$	448
Auto and Home
Beginning balance	$	37		$	38		$	40		$	13		$	13		(65	)%	$	32		$	38
Capitalization	6			7			8			12			12				#	25			39
Amortization	(5		)	(5		)	(35		)	(12		)	(12		)		#	(19		)	(64		)
Other	—			—			—			—			1			—		—			1
Total ending balance	$	38		$	40		$	13		$	13		$	14		(63	)%	$	38		$	14

#Variance of 100% or greater.

23

Ameriprise Financial, Inc.

Corporate and Other and Eliminations Segment

Income Statements

	4Q			1Q			2Q			3Q			4Q			4Q’06 vs. 4Q’05		YTD			YTD
(in millions, unaudited)	2005			2006			2006			2006			2006			% Change		2005			2006
Revenues
Management, financial advice and service fees	$	41		$	45		$	48		$	43		$	43		5	%	$	195		$	179
Distribution fees	3			—			1			1			1			(67	)%	3			3
Net investment income (loss)	7			10			9			12			20				#	(21		)	51
Premiums(1)	(6		)	(6		)	(5		)	(5		)	(7		)	(17	)%	(22		)	(23		)
Other revenues	10			5			11			5			12			20	%	31			33
Total revenues	55			54			64			56			69			25	%	186			243
Expenses
Compensation and benefits - field	35			34			38			36			32			(9	)%	134			140
Interest and debt expense	21			20			23			28			30			43	%	73			101
Other expenses	12			44			47			31			36				#	110			158
Total expenses before separation costs	68			98			108			95			98			44	%	317			399
Pretax segment loss before separation costs	(13		)	(44		)	(44		)	(39		)	(29		)		#	(131		)	(156		)
Separation costs, pretax	125			67			84			87			123			(2	)%	293			361
Pretax segment loss	$	(138	)	$	(111	)	$	(128	)	$	(126	)	$	(152	)	(10	)%	$	(424	)	$	(517	)
Other Information
Net investment gains (losses), pretax	$	1		$	1		$	—		$	—		$	—			#	$	14		$	1
Allocated equity	1,812			1,759			1,900			1,823			2,062			14	%	1,812			2,062

⁽¹⁾Represents the elimination of intercompany E&O premiums recorded in the Protection segment.

#Variance of 100% or greater.

24

Ameriprise Financial, Inc.

Capital and Ratings Information

	December 31,			March 31,			June 30,			September 30,			December 31,
(in millions, unaudited)	2005			2006			2006			2006			2006
Balance Sheet Detail
Senior notes	$	1,500		$	1,500		$	1,500		$	1,500		$	1,500
Medium term notes	50			—			—			—			—
Junior subordinated notes (1)	—			—			500			500			500
Non-recourse debt
Debt of CDO	283			284			254			254			225
Debt of property fund limited partnerships	—			137			165			—			—
Subtotal non-recourse debt	283			421			419			254			225
Total debt	$	1,833		$	1,921		$	2,419		$	2,254		$	2,225
Total debt excluding non-recourse debt	$	1,550		$	1,500		$	2,000		$	2,000		$	2,000
Total debt excluding non-recourse debt and 75% equity credit (1)	$	1,550		$	1,500		$	1,625		$	1,625		$	1,625
Shareholders’ Equity
Common stock	$	2		$	3		$	3		$	3		$	3
Additional paid-in capital	4,091			4,208			4,254			4,291			4,353
Retained earnings	3,745			3,862			3,976			4,123			4,268
Treasury stock	—			(290		)	(332		)	(438		)	(490		)
Accumulated other comprehensive income (loss), net of tax	(151		)	(442		)	(666		)	(226		)	(209		)
Total shareholders’ equity	$	7,687		$	7,341		$	7,235		$	7,753		$	7,925
Total capital	$	9,520		$	9,262		$	9,654		$	10,007		$	10,150
Total capital excluding non-recourse debt	9,237			8,841			9,235			9,753			9,925
Junior subordinated notes 75% equity credit (1)	$	—		$	—		$	375		$	375		$	375
Other Information
Ratio of earnings to fixed charges	5.1		x	6.6		x	5.8		x	6.1		x	6.0		x
Ratio of earnings to fixed charges without non-recourse debt interest	5.1		x	7.8		x	7.0		x	7.0		x	6.5		x
Debt to total capital	19.3		%	20.7		%	25.1		%	22.5		%	21.9		%
Debt to total capital excluding non-recourse debt	16.8		%	17.0		%	21.7		%	20.5		%	20.2		%
Debt to total capital excluding non-recourse debt and 75% equity credit	16.8		%	17.0		%	17.6		%	16.7		%	16.4		%
Double Leverage	103.7		%	105.9		%	105.8		%	106.7		%	105.1		%

	A.M. Best	S & P	Moody’s	Fitch
Financial Strength (as of 12/31/06)
Claims Paying Rating
RiverSource Life Insurance Company	A+	AA-	Aa3	AA-
IDS Property Casualty Ins. Company	A	NR	NR	NR
Debt Ratings
Ameriprise Financial, Inc.	a-	A-	A3	A-

⁽¹⁾The Company’s junior subordinated notes receive an equity credit of at least 75% by the majority of rating agencies.

25

Ameriprise Financial, Inc.

Non-GAAP Financial Information

Ameriprise Financial, Inc. (the Company) follows accounting principles generally accepted in the United States (GAAP). This report includes information on both a GAAP and non-GAAP basis.

Certain non-GAAP measures in this report exclude items that are a direct result of the separation from American Express Company, which consist of discontinued operations, AMEX Assurance and non-recurring separation costs. These non-GAAP financial measures, which management views as important indicators of financial performance, include:

• Consolidated income statements adjusted to exclude AMEX Assurance and separation costs;

• Protection segment income statements adjusted to exclude AMEX Assurance;

• Total expenses before separation costs;

• Adjusted net investment gains (losses), pretax (adjusted to exclude AMEX Assurance);

• Adjusted earnings (adjusted to exclude AMEX Assurance) and separation costs;

• Adjusted contribution margin (adjusted to exclude AMEX Assurance);

• Income before income tax provision, discontinued operations and separation costs;

• Income tax provision before tax benefit attributable to separation costs;

• Income before discontinued operations and separation costs;

• Separation cost, after-tax;

• Adjusted pretax segment income (adjusted to exclude AMEX Assurance);

• Adjusted return on allocated equity (adjusted to exclude AMEX Assurance); and

• Pretax segment loss before separation costs.

Management believes that the presentation of these non-GAAP financial measures excluding these specific income statement impacts better reflect the underlying performance of the Company’s ongoing operations and facilitates a more meaningful trend analysis. These non-GAAP measures are also used for goal setting, certain compensation related to the Company’s annual incentive award program and evaluating the Company’s performance on a basis comparable to that used by securities analysts.

The Company presents a debt to capital ratio excluding non-recourse debt of a CDO consolidated in accordance with FIN 46(R) and non-recourse debt of property fund limited partnerships managed by Threadneedle consolidated in accordance with EITF 04-5. Management believes that the debt to capital ratio excluding this non-recourse debt better represents the Company’s capital structure.

Reclassification

Certain prior period information has been restated to conform to current period presentation.

26

Ameriprise Financial, Inc.

Glossary of Selected Terminology

Adjusted Contribution Margin - Total revenues less compensation and benefits - field, interest credited to account values and benefits, claims, losses and settlement expenses as a percentage of total revenues. Amounts exclude AMEX Assurance.

Adjusted Earnings - Income before discontinued operations, non-recurring separation costs and excluding AMEX Assurance.

Adjusted Net Investment Gains (Losses), Pretax - Represents the net investment gains (losses) adjusted to exclude AMEX Assurance.

Adjusted Return on Equity - Adjusted return on equity (“ROE”) is calculated using as the numerator adjusted earnings for the last twelve months and as the denominator a five point average of equity excluding both the assets and liabilities of discontinued operations and equity allocated to expected non-recurring separation costs as of the last day of the preceding four quarters and the current quarter.

Administered Assets - Administered assets include assets for which the Company provides administrative services such as assets of its clients invested in other companies’ products that the Company offers outside of its wrap accounts. These assets include those held in customers’ brokerage accounts. The Company does not exercise management discretion over these assets and does not earn a management fee. These assets are not reported on the Company’s Consolidated Balance Sheets.

Allocated Equity - The internal allocation of consolidated shareholders’ equity, excluding accumulated other comprehensive income (loss), to the Company’s operating segments for purposes of measuring segment return on allocated equity. Allocated equity does not represent insurance company risk-based capital or other regulatory capital requirements applicable to the Company and certain of its subsidiaries.

AMEX Assurance Company - A legal entity owned by IDS Property Casualty Insurance Company that offers travel and other card insurance to American Express customers. This business had historically been reported in the Travel Related Services segment of American Express Company (American Express). Under the separation agreement with American Express, 100 percent of this business was ceded to an American Express subsidiary in return for an arm’s length ceding fee. Ameriprise Financial expects to sell the legal entity of AMEX Assurance to American Express within two years after September 30, 2005 for a fixed price equal to the net book value of AMEX Assurance.

Asset Accumulation and Income Segment - This segment offers products and services, both the Company’s and other companies’, to help the Company’s retail clients address identified financial objectives related to asset accumulation and income management. Products and services in this segment are related to asset management, brokerage and banking, and include mutual funds, wrap accounts, variable and fixed annuities, brokerage accounts and investment certificates. This operating segment also serves institutional clients by providing investment management services in separately managed accounts, sub-advisory, and alternative investments. The Company earns revenues in this segment primarily through fees it receives based on managed assets and annuity separate account assets. These fees are impacted by both market movements and net asset flows. The Company also earns net investment

income on owned assets, principally supporting the fixed annuity and certificate businesses and capital supporting the business, and distribution fees on sales of mutual funds and other products. This segment includes the results of SAFC, which through its operating subsidiary, Securities America, Inc. (“SAI”), operates its own separately branded distribution network.

Auto and Home Insurance - Personal auto and home protection products marketed directly to customers through marketing alliances such as with Costco Wholesale and Ford Motor Credit Company. The Company sells these products through its auto and home subsidiary, IDS Property Casualty Insurance Company (doing business as Ameriprise Auto & Home).

Book Value per Share - Total shareholders’ equity divided by the number of common shares outstanding and nonforfeitable restricted stock rights vested at period-end.

Branded Advisor Clients - Individual, business, or institutional clients that receive investment advice and other services from an Ameriprise employee or franchisee-based financial advisor excluding Financial Service Center clients.

Cash Sales - Cash Sales is the dollar value volume indicator that captures gross new cash inflows which generate product revenue streams to Ameriprise. This includes primarily “client initiated” activity that results in an incremental increase in assets (owned, managed or administered) or premiums inforce (but doesn’t need to result in time of sale revenue), or activity that doesn’t increase assets or premiums inforce, but generates “fee revenue” (e.g. transaction related such as Financial Planning Fees).

Client Group - In general, a client group consists of accounts for an individual, spouse or domestic partner and any accounts owned for, by or with the individual's unmarried children under the age of 21.

Clients With a Financial Plan Percentage - The period-end number of current clients who have received a financial plan, or have entered into an agreement to receive and have paid for a financial plan, divided by the number of active retail client groups, serviced by branded employees, franchise advisors and the Company’s customer service organization.

Company - Ameriprise Financial, Inc. and consolidated subsidiaries. Effective August 1, 2005, the Company transferred its 50% ownership interest and the related assets and liabilities of American Express International Deposit Company (“AEIDC”) to American Express Company as part of the separation agreement with American Express. The assets, liabilities and results of operations of AEIDC are reported as discontinued operations.

Contribution Margin - Total revenues less compensation and benefits - field, interest credited to account values and benefits, claims, losses and settlement expenses as a percentage of total revenues.

Corporate and Other and Eliminations Segment - This segment consists of income derived from financial planning fees, investment income on corporate level assets including unallocated equity and unallocated corporate expenses. This segment also includes non-recurring costs associated with the Company’s separation from American Express. For purposes of presentation in the statistical supplement, this segment also includes eliminations.

27

Ameriprise Financial, Inc.

Glossary of Selected Terminology

Debt to Capital Ratio - A ratio comprised of total debt divided by total capital. This ratio is also presented excluding non-recourse debt of a Collaterized Debt Obligation (“CDO”) consolidated in accordance with FIN 46(R) and non-recourse debt of property fund limited partnerships managed by Threadneedle consolidated in accordance with EITF 04-5. In addition, we provide debt to capital ratio information excluding, non-recourse debt  that reflects an equity credit on our junior subordinated notes we issued on May 26, 2006. These junior subordinated notes receive an equity credit of at least 75% by the majority of rating agencies.

Deferred Acquisition Costs and Amortization - Deferred acquisition costs (“DAC”) represents the costs of acquiring new protection, annuity and certain mutual fund business, principally direct sales commissions and other distribution and underwriting costs that have been deferred on the sale of annuity, life, disability income and long term care insurance and, to a lesser extent, deferred marketing and promotion expenses on auto and home insurance and deferred distribution costs on certain mutual fund products. These costs are deferred to the extent they are recoverable from future profits.

Double Leverage - A ratio reflecting parent-company equity investments, including goodwill, in consolidated operating subsidiaries divided by total shareholders’ equity.

Effective Tax Rate on Adjusted Earnings - Represents the ratio of the adjusted income tax provision before tax benefit attributable to separation costs divided by adjusted income (excluding AMEX Assurance) before income tax provision, discontinued operations and separation costs.

Emerging Issues Task Force (“EITF”) Issue No. 04-5, “Determining Whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights” (“EITF 04-5”) - EITF 04-5 provides guidance on whether a partnership should be consolidated by one of its partners. The Company’s adoption of EITF 04-5 effective January 1, 2006 resulted in the consolidation of certain limited partnerships for which the Company is the general partner. As a result, the Company consolidates certain property fund limited partnerships managed by Threadneedle Investments and certain hedge funds managed by RiverSource Investments.

Financial Plans Sold - The number of financial plans that, during the period, have been paid for and have been or will be provided to a client based on an agreement, less financial plans sold in prior periods not delivered within 14 months.

Gross Dealer Concession - An internal measure, commonly used in the financial services industry, of the sales production of the advisor channel.

Life Insurance in-Force - The total amount of all life insurance death benefits currently insured by the Company.

Managed Assets - Managed assets includes client assets for which the Company provides investment management and other services, such as the assets of the RiverSource family of mutual funds, assets of institutional clients and assets held in its wrap accounts (retail accounts for which the Company receives a fee based on assets held in the account). Managed assets also include assets managed by sub-advisors selected by the Company. Managed assets do not include owned assets or administered assets. These assets are not reported on the Company’s Consolidated Balance Sheets.

Mass Affluent - Individuals with $100,000 to $1 million in investable assets.

Mass Affluent and Affluent Client Groups - Client groups with $100,000 or more in invested assets or comparable product values with the Company.

Net Flows - Sales less redemptions plus other. Other includes reinvested dividends.

Net Income Margin - A ratio representing net income as a percentage of total revenues.

Owned Assets - Owned assets include certain financial assets on the Company’s Consolidated Balance Sheet, principally investments in the general and separate accounts of its life insurance subsidiaries, as well as cash and cash equivalents, restricted and segregated cash and receivables.

Pretax Segment Income (Loss) - Segment income (loss) before income tax provision (benefit) and discontinued operations.

Protection Segment - This segment offers a variety of protection products, both the Company’s and other companies’, including life, disability income, long term care and auto and home insurance to address the identified protection and risk management needs of the Company’s retail clients. The Company earns revenues in this operating segment primarily through premiums, fees and charges that the Company receives to assume insurance-related risk, fees the Company receives on assets supporting variable universal life separate account balances, and net investment income on owned assets supporting insurance reserves and capital supporting the business.

Ratio of Earnings to Fixed Charges - A ratio comprised of earnings divided by fixed charges. Earnings are defined as income before income tax provision, discontinued operations and accounting change plus interest and debt expense, interest portion of rental expense, amortization of capitalized interest and adjustments related to equity investments and minority interests in consolidated entities. Fixed charges are defined as interest and debt expense, the interest portion of rental expense and capitalized interest. The ratio is also presented excluding the effect of interest on non-recourse debt of a Collaterized Debt Obligation consolidated in accordance with FIN 46(R) and the Threadneedle managed property fund limited partnerships consolidated in accordance with EITF 04-5.

Return on Allocated Equity for Pretax Segment Income or Adjusted Pretax Segment Income - Calculated using pretax segment income or adjusted pretax segment income for the last twelve months and the average allocated equity as of the last day of the trailing four quarters. Estimates of pretax segment income for the last quarter of 2004 were used in these calculations.

RiverSource Managed Assets - Managed client assets of RiverSource Investments, LLC, an SEC-registered investment adviser that offers investment products and services under the names RiverSource Institutional Advisors, RiverSource Alternative Investments, RiverSource Capital Management and RiverSource Insurance Assets.

28

Ameriprise Financial, Inc.

Glossary of Selected Terminology

Securities America Financial Corporation - Securities America Financial Corporation (“SAFC”) is a corporation whose sole function is to hold the stock of its operating subsidiaries, Securities America, Inc. (“SAI”) and Securities America Advisors, Inc. (“SAA”). SAI is a registered broker-dealer and an insurance agency. SAA is an SEC registered investment advisor.

Separate Accounts - Represent assets and liabilities that are maintained and established primarily for the purpose of funding variable annuity and insurance products. The assets of the separate account are only available to fund the liabilities of the variable annuity contract holders and others with contracts requiring premiums or other deposits to the separate account. Clients elect to invest premiums in stock, bond and/or money market funds depending on their risk tolerance. All investment performance, net of fees, is passed through to the client.

Separation Costs- The Company has incurred significant non-recurring separation costs as a result of the separation from American Express. Separation costs generally consist of costs associated with separating and reestablishing the Company’s technology platforms, establishing the Ameriprise Financial brand and advisor and employee retention programs.

Separation Costs, After-Tax - For this non-GAAP presentation of non-recurring separation costs, after-tax is calculated in each quarter using the statutory tax rate of 35%, adjusted for permanent differences, if any.

Strategic Portfolio Services - Strategic Portfolio Services (“SPS”)  is a non-discretionary investment advisory wrap account program offering mutual funds, publicly traded securities and other financial account features. SPS provides execution of securities transactions for an asset-based fee, periodic portfolio reviews and ongoing investment advice.

Third Party Distribution - Distribution of RiverSource products, which include a variety of equity and fixed income mutual funds, annuities and insurance products, to retail clients through unaffiliated financial institutions and broker-dealers. The Third Party channel is separate from the Branded Advisor, Threadneedle, SAFC, and Institutional sales channels.

Total Clients - The sum of all clients, individual, business, and institutional, that receive investment management and/or other services, excluding those clients serviced by SAFC and Threadneedle.

Total Capital - Total shareholders’ equity plus total debt excluding non-recourse debt. Total capital is also presented excluding non-recourse debt.

Wrap Accounts - Wrap accounts enable the Company’s clients to purchase securities such as mutual funds in connection with investment advisory fee-based “wrap account” programs or services. The Company offers clients the opportunity to select proprietary and non-proprietary funds. The Company currently offers discretionary and non-discretionary investment advisory wrap accounts. In a discretionary wrap account, an unaffiliated investment advisor or an investment management subsidiary, RiverSource Investments, LLC chooses the underlying investments in the portfolio on behalf of the client. In a non-discretionary wrap account, the client chooses the underlying investments in the portfolio based, to the extent the client elects, in part or whole on the recommendations of their financial advisor. Investors in the Company’s wrap accounts generally pay an asset based fee based on the assets held in their wrap accounts. These investors also pay any related fees or costs included in the underlying securities held in that account, such as underlying mutual fund operating expenses including Rule 12b-1 fees.

29

EXHIBIT A

RiverSource^SM Mutual Fund Performance and Lipper Ranking

Equity Fund Performance & Lipper Ranking

As of December 31, 2006

Source of Data:  Lipper

The performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

	Total Net	Total Net	Rankings and Annualized Returns at NAV
	Assets	Assets	1 year			3 years			5 years
Class A Shares by Lipper Category	(Mil $)	Date	Return	Ranking		Return	Ranking		Return	Ranking
Emerging Market Funds
RiverSourceSM Emerging Markets Fund	615.90	12/29/2006	34.25	31	%	30.85	34	%	25.01	68	%
Lipper Fund Ranking / Total Funds in Category				67 / 220			61 / 179			101 / 148
Equity Income Funds
RiverSourceSM Diversified Equity Income Fund	7,530.40	12/29/2006	19.66	35	%	17.04	3	%	13.17	7	%
Lipper Fund Ranking / Total Funds in Category				81 / 237			4 / 188			8 / 127
RiverSourceSM Dividend Opportunity Fund	1,633.70	12/29/2006	23.25	8	%	14.61	13	%	6.63	83	%
Lipper Fund Ranking / Total Funds in Category				17 / 237			23 / 188			105 / 127
European Region Funds
RiverSourceSM European Equity Fund	124.10	12/29/2006	32.83	54	%	18.30	80	%	11.35	83	%
Lipper Fund Ranking / Total Funds in Category				53 / 98			74 / 92			67 / 80
Flexible Portfolio Funds
RiverSourceSM Strategic Allocation Fund	1,618.80	12/29/2006	16.15	13	%	12.10	15	%	8.08	24	%
Lipper Fund Ranking / Total Funds in Category				16 / 128			15 / 100			19 / 81
Global Large Cap Growth Funds
RiverSourceSM Global Equity Fund	766.50	12/29/2006	19.15	24	%	17.87	6	%	9.45	23	%
Lipper Fund Ranking / Total Funds in Category				17 / 72			3 / 50			9 / 39
Gold-Oriented Funds
RiverSourceSM Precious Metals Fund	118.00	12/29/2006	35.41	36	%	13.33	72	%	30.15	70	%
Lipper Fund Ranking / Total Funds in Category				19 / 53			36 / 49			27 / 38
International Large Cap Core Funds
RiverSourceSM International Opportunity Fund	681.90	12/29/2006	23.76	61	%	17.81	57	%	10.84	82	%
Lipper Fund Ranking / Total Funds in Category				124 / 203			110 / 193			134 / 164
International Multi Cap Growth Funds
RiverSourceSM Disciplined International Equity Fund	87.10	12/29/2006
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM International Aggressive Growth Fund *	534.60	12/29/2006	26.22	20	%	21.51	12	%	15.25	23	%
Lipper Fund Ranking / Total Funds in Category				36 / 184			16 / 143			26 / 116
International Multi Cap Value Funds
RiverSourceSM International Equity Fund *	208.60	12/29/2006	23.02	78	%	18.14	82	%
Lipper Fund Ranking / Total Funds in Category				84 / 108			73 / 89
RiverSourceSM International Select Value Fund *	2,226.60	12/29/2006	28.31	30	%	23.99	14	%	19.21	22	%
Lipper Fund Ranking / Total Funds in Category				32 / 108			12 / 89			14 / 64
International Small/Mid Cap Core Funds
RiverSourceSM International Small Cap Fund *	105.10	12/29/2006	22.70	72	%	18.37	85	%
Lipper Fund Ranking / Total Funds in Category				36 / 49			38 / 44
Large Cap Core Funds
RiverSourceSM Large Cap Equity Fund	7,343.60	12/29/2006	14.95	37	%	8.66	58	%
Lipper Fund Ranking / Total Funds in Category				294 / 814			390 / 682
RiverSourceSM Fundamental Growth Fund *	271.60	12/29/2006	5.99	97	%	3.49	99	%
Lipper Fund Ranking / Total Funds in Category				786 / 814			675 / 682
RiverSourceSM Disciplined Equity Fund	2,181.40	12/29/2006	16.47	17	%	10.79	17	%
Lipper Fund Ranking / Total Funds in Category				132 / 814			113 / 682
Large Cap Growth Funds
RiverSourceSM Growth Fund	3,557.00	12/29/2006	10.91	8	%	9.27	10	%	3.64	21	%
Lipper Fund Ranking / Total Funds in Category				56 / 723			59 / 616			104 / 505
Large Cap Value Fund
RiverSourceSM Equity Value Fund	1,272.30	12/29/2006	20.27	20	%	15.56	4	%	8.61	30	%
Lipper Fund Ranking / Total Funds in Category				99 / 496			13 / 425			92 / 307
RiverSourceSM Large Cap Value Fund	102.50	12/29/2006	19.15	37	%	11.42	61	%
Lipper Fund Ranking / Total Funds in Category				180 / 496			256 / 425
RiverSourceSM Value Fund *	403.10	12/29/2006	17.65	56	%	10.60	75	%	7.52	56	%
Lipper Fund Ranking / Total Funds in Category				275 / 496			319 / 425			171 / 307
Mid Cap Core Funds
RiverSourceSM Disciplined Small and Mid-Cap Equity Fund	31.00	12/29/2006
Lipper Fund Ranking / Total Funds in Category
Mid Cap Growth Funds
RiverSourceSM Mid Cap Growth Fund	1,237.60	12/29/2006	-0.23	99	%	6.27	92	%	4.94	64	%
Lipper Fund Ranking / Total Funds in Category				614 / 621			446 / 489			247 / 385
RiverSourceSM Aggressive Growth Fund *	564.50	12/29/2006	7.61	55	%	9.84	58	%
Lipper Fund Ranking / Total Funds in Category				341 / 621			282 / 489
Mid Cap Value Funds
RiverSourceSM Mid Cap Value Fund	2,058.60	12/29/2006	17.00	32	%	19.11	5	%
Lipper Fund Ranking / Total Funds in Category				94 / 297			10 / 222

A1

The performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

	Rankings and Annualized Returns at NAV
				Fund	Since
	10 years			Inception	Inception		Ranking	Since
Class A Shares by Lipper Category	Return	Ranking		Date	Return		Date	Ranking
Emerging Market Funds
RiverSourceSM Emerging Markets Fund	10.06	51	%	11/13/1996	10.19		11/14/1996	48	%
Lipper Fund Ranking / Total Funds in Category		37 / 72						32 / 66
Equity Income Funds
RiverSourceSM Diversified Equity Income Fund	10.63	15	%	10/15/1990	13.21		10/18/1990	34	%
Lipper Fund Ranking / Total Funds in Category		12 / 80						9 / 26
RiverSourceSM Dividend Opportunity Fund	7.90	72	%	8/1/1988	10.20		8/4/1988	72	%
Lipper Fund Ranking / Total Funds in Category		58 / 80						15 / 20
European Region Funds
RiverSourceSM European Equity Fund				6/26/2000	3.09		6/26/2000	85	%
Lipper Fund Ranking / Total Funds in Category								51 / 59
Flexible Portfolio Funds
RiverSourceSM Strategic Allocation Fund	6.46	77	%	1/23/1985	11.20		1/24/1985	34	%
Lipper Fund Ranking / Total Funds in Category		32 / 41						2 / 5
Global Large Cap Growth Funds
RiverSourceSM Global Equity Fund	5.65	64	%	5/29/1990	6.40		5/31/1990	75	%
Lipper Fund Ranking / Total Funds in Category		12 / 18						3 / 3
Gold-Oriented Funds
RiverSourceSM Precious Metals Fund	5.14	76	%	4/22/1985	8.33		4/25/1985	37	%
Lipper Fund Ranking / Total Funds in Category		19 / 24						4 / 10
International Large Cap Core Funds
RiverSourceSM International Opportunity Fund	4.13	94	%	11/15/1984	9.08		11/15/1984	80	%
Lipper Fund Ranking / Total Funds in Category		70 / 74						4 / 4
International Multi Cap Growth Funds
RiverSourceSM Disciplined International Equity Fund				5/18/2006	14.49
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM International Aggressive Growth Fund *				9/28/2001	16.02		9/28/2001	32	%
Lipper Fund Ranking / Total Funds in Category								36 / 114
International Multi Cap Value Funds
RiverSourceSM International Equity Fund *				10/3/2002	21.38		10/3/2002	90	%
Lipper Fund Ranking / Total Funds in Category								67 / 74
RiverSourceSM International Select Value Fund *				9/28/2001	19.31		9/28/2001	28	%
Lipper Fund Ranking / Total Funds in Category								18 / 64
International Small/Mid Cap Core Funds
RiverSourceSM International Small Cap Fund *				10/3/2002	26.09		10/3/2002	66	%
Lipper Fund Ranking / Total Funds in Category								25 / 37
Large Cap Core Funds
RiverSourceSM Large Cap Equity Fund				3/28/2002	5.51		3/28/2002	40	%
Lipper Fund Ranking / Total Funds in Category								238 / 594
RiverSourceSM Fundamental Growth Fund *				4/24/2003	7.68		4/24/2003	98	%
Lipper Fund Ranking / Total Funds in Category								635 / 649
RiverSourceSM Disciplined Equity Fund				4/24/2003	15.17		4/24/2003	20	%
Lipper Fund Ranking / Total Funds in Category								125 / 649
Large Cap Growth Funds
RiverSourceSM Growth Fund	3.21	87	%	3/1/1972	11.92		3/2/1972	26	%
Lipper Fund Ranking / Total Funds in Category		161 / 186						7 / 26
Large Cap Value Fund
RiverSourceSM Equity Value Fund	8.07	60	%	3/20/1995	10.40		3/23/1995	64	%
Lipper Fund Ranking / Total Funds in Category		82 / 136						66 / 103
RiverSourceSM Large Cap Value Fund				6/27/2002	10.85		6/27/2002	53	%
Lipper Fund Ranking / Total Funds in Category								180 / 344
RiverSourceSM Value Fund *				6/18/2001	6.30		6/18/2001	51	%
Lipper Fund Ranking / Total Funds in Category								142 / 282
Mid Cap Core Funds
RiverSourceSM Disciplined Small and Mid-Cap Equity Fund				5/18/2006	4.73
Lipper Fund Ranking / Total Funds in Category
Mid Cap Growth Funds
RiverSourceSM Mid Cap Growth Fund	8.06	49	%	6/4/1957		^
Lipper Fund Ranking / Total Funds in Category		74 / 153
RiverSourceSM Aggressive Growth Fund *				4/24/2003	17.57		4/24/2003	37	%
Lipper Fund Ranking / Total Funds in Category								167 / 456
Mid Cap Value Funds
RiverSourceSM Mid Cap Value Fund				2/14/2002	16.16		2/14/2002	11	%
Lipper Fund Ranking / Total Funds in Category								19 / 174

A2

The performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

	Annualized Returns @ POP
	Max. Front
	Sales					Since
Class A Shares by Lipper Category	Charge	1 year	3 years	5 years	10 years	Inception
Emerging Market Funds
RiverSourceSM Emerging Markets Fund	5.75	26.53	28.29	23.54	9.41	9.55
Lipper Fund Ranking / Total Funds in Category
Equity Income Funds
RiverSourceSM Diversified Equity Income Fund	5.75	12.78	14.75	11.83	9.98	12.80
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Dividend Opportunity Fund	5.75	16.16	12.37	5.38	7.26	9.84
Lipper Fund Ranking / Total Funds in Category
European Region Funds
RiverSourceSM European Equity Fund	5.75	25.19	15.99	10.04		2.15
Lipper Fund Ranking / Total Funds in Category
Flexible Portfolio Funds
RiverSourceSM Strategic Allocation Fund	5.75	9.47	9.91	6.80	5.83	10.90
Lipper Fund Ranking / Total Funds in Category
Global Large Cap Growth Funds
RiverSourceSM Global Equity Fund	5.75	12.30	15.57	8.16	5.02	6.02
Lipper Fund Ranking / Total Funds in Category
Gold-Oriented Funds
RiverSourceSM Precious Metals Fund	5.75	27.62	11.11	28.62	4.52	8.04
Lipper Fund Ranking / Total Funds in Category
International Large Cap Core Funds
RiverSourceSM International Opportunity Fund	5.75	16.64	15.51	9.53	3.52	8.79
Lipper Fund Ranking / Total Funds in Category
International Multi Cap Growth Funds
RiverSourceSM Disciplined International Equity Fund	5.75					7.90
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM International Aggressive Growth Fund *	5.75	18.97	19.13	13.89		14.72
Lipper Fund Ranking / Total Funds in Category
International Multi Cap Value Funds
RiverSourceSM International Equity Fund *	5.75	15.95	15.83			19.69
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM International Select Value Fund *	5.75	20.93	21.57	17.81		17.97
Lipper Fund Ranking / Total Funds in Category
International Small/Mid Cap Core Funds
RiverSourceSM International Small Cap Fund *	5.75	15.64	16.06			24.34
Lipper Fund Ranking / Total Funds in Category
Large Cap Core Funds
RiverSourceSM Large Cap Equity Fund	5.75	8.34	6.53			4.21
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Fundamental Growth Fund *	5.75	-0.11	1.46			5.97
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Disciplined Equity Fund	5.75	9.77	8.63			13.33
Lipper Fund Ranking / Total Funds in Category
Large Cap Growth Funds
RiverSourceSM Growth Fund	5.75	4.53	7.13	2.42	2.61	11.73
Lipper Fund Ranking / Total Funds in Category
Large Cap Value Fund
RiverSourceSM Equity Value Fund	5.75	13.36	13.30	7.33	7.43	9.85
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Large Cap Value Fund	5.75	12.30	9.24			9.41
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Value Fund *	5.75	10.89	8.44	6.25		5.17
Lipper Fund Ranking / Total Funds in Category
Mid Cap Core Funds
RiverSourceSM Disciplined Small and Mid-Cap Equity Fund	5.75					-1.29
Lipper Fund Ranking / Total Funds in Category
Mid Cap Growth Funds
RiverSourceSM Mid Cap Growth Fund	5.75	-5.96	4.19	3.70	7.43		^
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Aggressive Growth Fund *	5.75	1.42	7.70			15.70
Lipper Fund Ranking / Total Funds in Category
Mid Cap Value Funds
RiverSourceSM Mid Cap Value Fund	5.75	10.27	16.78			14.76
Lipper Fund Ranking / Total Funds in Category

A3

The performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

	Total Net	Total Net	Rankings and Annualized Returns at NAV
	Assets	Assets	1 year			3 years			5 years
Class A Shares by Lipper Category	(Mil $)	Date	Return	Ranking		Return	Ranking		Return	Ranking
Mixed-Asset Target 2010 Funds
RiverSourceSM Retirement Plus 2010 Fund **	14.30	12/29/2006
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target 2020 Funds
RiverSourceSM Retirement Plus 2015 Fund **	13.60	12/29/2006
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Retirement Plus 2020 Fund **	21.00	12/29/2006
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target 2030 Funds
RiverSourceSM Retirement Plus 2025 Fund **	16.10	12/29/2006
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Retirement Plus 2030 Fund **	18.60	12/29/2006
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target 2040 Funds
RiverSourceSM Retirement Plus 2035 Fund **	11.20	12/29/2006
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Retirement Plus 2040 Fund **	20.90	12/29/2006
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Retirement Plus 2045 Fund **	4.70	12/29/2006
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Conservative Funds
RiverSourceSM Portfolio Builder Conservative Fund	124.60	12/29/2006	6.39	61	%
Lipper Fund Ranking / Total Funds in Category				208 / 341
RiverSourceSM Portfolio Builder Moderate Conservative Fund	279.60	12/29/2006	9.00	17	%
Lipper Fund Ranking / Total Funds in Category				57 / 341
Mixed-Asset Target Allocation Growth Funds
RiverSourceSM Portfolio Builder Moderate Aggressive Fund	1,003.70	12/29/2006	12.76	32	%
Lipper Fund Ranking / Total Funds in Category				188 / 591
Mixed-Asset Target Allocation Moderate Funds
RiverSourceSM Balanced Fund	1,137.80	12/29/2006	14.97	11	%	9.19	22	%	5.66	63	%
Lipper Fund Ranking / Total Funds in Category				46 / 425			66 / 306			137 / 219
RiverSourceSM Portfolio Builder Moderate Fund	795.10	12/29/2006	11.24	43	%
Lipper Fund Ranking / Total Funds in Category				180 / 425
Multi Cap Core Funds
RiverSourceSM Fundamental Value Fund *	1,169.90	12/29/2006	14.45	38	%	11.45	33	%	8.10	31	%
Lipper Fund Ranking / Total Funds in Category				340 / 916			210 / 648			143 / 469
RiverSourceSM Portfolio Builder Aggressive Fund	498.10	12/29/2006	14.72	34	%
Lipper Fund Ranking / Total Funds in Category				310 / 916
RiverSourceSM Portfolio Builder Total Equity Fund	451.30	12/29/2006	16.59	15	%
Lipper Fund Ranking / Total Funds in Category				131 / 916
Multi Cap Value Funds
RiverSourceSM Select Value Fund *	582.90	12/29/2006	18.32	43	%	10.98	77	%
Lipper Fund Ranking / Total Funds in Category				190 / 444			263 / 341
Real Estate Funds
RiverSourceSM Real Estate Fund	255.80	12/29/2006	35.29	42	%
Lipper Fund Ranking / Total Funds in Category				104 / 252
S&P 500 Index Objective Funds
RiverSourceSM S&P 500 Index Fund ***	256.60	12/29/2006	15.21			9.77			5.53
Science & Technology Fund
RiverSourceSM Global Technology Fund	173.70	12/29/2006	20.00	8	%	11.25	10	%	6.61	8	%
Lipper Fund Ranking / Total Funds in Category				23 / 291			26 / 262			17 / 238
Small Cap Core Funds
RiverSourceSM Small Cap Equity Fund *	329.80	12/29/2006	9.87	87	%	12.28	68	%
Lipper Fund Ranking / Total Funds in Category				607 / 703			367 / 543
RiverSourceSM Small Cap Value Fund *	978.80	12/29/2006	16.84	31	%	13.88	39	%	12.01	43	%
Lipper Fund Ranking / Total Funds in Category				213 / 703			208 / 543			182 / 426
RiverSourceSM Small Cap Advantage Fund	639.80	12/29/2006	11.86	76	%	11.62	76	%	11.21	57	%
Lipper Fund Ranking / Total Funds in Category				535 / 703			411 / 543			242 / 426
RiverSourceSM Small Company Index Fund	1,079.20	12/29/2006	14.29	55	%	14.02	37	%	11.54	51	%
Lipper Fund Ranking / Total Funds in Category				384 / 703			199 / 543			217 / 426
Small Cap Growth Funds
RiverSourceSM Small Cap Growth Fund *	218.30	12/29/2006	9.02	59	%	6.12	83	%	1.90	85	%
Lipper Fund Ranking / Total Funds in Category				325 / 558			380 / 457			316 / 375
Small Cap Value Funds
RiverSourceSM Disciplined Small Cap Value Fund **	21.30	12/29/2006
Lipper Fund Ranking / Total Funds in Category

A4

The performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

	Rankings and Annualized Returns at NAV
				Fund	Since
	10 years			Inception	Inception		Ranking	Since
Class A Shares by Lipper Category	Return	Ranking		Date	Return		Date	Ranking
Mixed-Asset Target 2010 Funds
RiverSourceSM Retirement Plus 2010 Fund **				5/18/2006	11.21
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target 2020 Funds
RiverSourceSM Retirement Plus 2015 Fund **				5/18/2006	12.76
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Retirement Plus 2020 Fund **				5/18/2006	13.16
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target 2030 Funds
RiverSourceSM Retirement Plus 2025 Fund **				5/18/2006	13.06
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Retirement Plus 2030 Fund **				5/18/2006	13.57
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target 2040 Funds
RiverSourceSM Retirement Plus 2035 Fund **				5/18/2006	12.69
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Retirement Plus 2040 Fund **				5/18/2006	13.29
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Retirement Plus 2045 Fund **				5/18/2006	13.16
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Conservative Funds
RiverSourceSM Portfolio Builder Conservative Fund				3/4/2004	4.85		3/4/2004	51	%
Lipper Fund Ranking / Total Funds in Category								108 / 214
RiverSourceSM Portfolio Builder Moderate Conservative Fund				3/4/2004	6.72		3/4/2004	10	%
Lipper Fund Ranking / Total Funds in Category								21 / 214
Mixed-Asset Target Allocation Growth Funds
RiverSourceSM Portfolio Builder Moderate Aggressive Fund				3/4/2004	9.49		3/4/2004	21	%
Lipper Fund Ranking / Total Funds in Category								103 / 492
Mixed-Asset Target Allocation Moderate Funds
RiverSourceSM Balanced Fund	3.62	92	%	4/16/1940		^
Lipper Fund Ranking / Total Funds in Category		99 / 107
RiverSourceSM Portfolio Builder Moderate Fund				3/4/2004	8.47		3/4/2004	23	%
Lipper Fund Ranking / Total Funds in Category								73 / 319
Multi Cap Core Funds
RiverSourceSM Fundamental Value Fund *				6/18/2001	6.73		6/18/2001	31	%
Lipper Fund Ranking / Total Funds in Category								131 / 428
RiverSourceSM Portfolio Builder Aggressive Fund				3/4/2004	10.70		3/4/2004	29
Lipper Fund Ranking / Total Funds in Category								194 / 676
RiverSourceSM Portfolio Builder Total Equity Fund				3/4/2004	11.96		3/4/2004	13	%
Lipper Fund Ranking / Total Funds in Category								87 / 676
Multi Cap Value Funds
RiverSourceSM Select Value Fund *				3/8/2002	10.42		3/8/2002	15	%
Lipper Fund Ranking / Total Funds in Category								39 / 268
Real Estate Funds
RiverSourceSM Real Estate Fund				3/4/2004	26.43		3/4/2004	22	%
Lipper Fund Ranking / Total Funds in Category								44 / 203
S&P 500 Index Objective Funds
RiverSourceSM S&P 500 Index Fund ***				10/25/1999	2.23		10/28/1999
Science & Technology Fund
RiverSourceSM Global Technology Fund	6.19	60	%	11/13/1996	5.97		11/14/1996	62	%
Lipper Fund Ranking / Total Funds in Category		25 / 41						26 / 41
Small Cap Core Funds
RiverSourceSM Small Cap Equity Fund *				3/8/2002	9.22		3/8/2002	77	%
Lipper Fund Ranking / Total Funds in Category								338 / 440
RiverSourceSM Small Cap Value Fund *				6/18/2001	12.80		6/18/2001	26	%
Lipper Fund Ranking / Total Funds in Category								98 / 381
RiverSourceSM Small Cap Advantage Fund				5/4/1999	8.56		5/6/1999	87	%
Lipper Fund Ranking / Total Funds in Category								227 / 260
RiverSourceSM Small Company Index Fund	10.41	59	%	8/19/1996	10.98		8/22/1996	62	%
Lipper Fund Ranking / Total Funds in Category		73 / 124						65 / 104
Small Cap Growth Funds
RiverSourceSM Small Cap Growth Fund *				1/24/2001	0.28		1/24/2001	72	%
Lipper Fund Ranking / Total Funds in Category								243 / 338
Small Cap Value Funds
RiverSourceSM Disciplined Small Cap Value Fund **				2/16/2006	7.87
Lipper Fund Ranking / Total Funds in Category

A5

The performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

	Annualized Returns @ POP
	Max. Front
	Sales					Since
Class A Shares by Lipper Category	Charge	1 year	3 years	5 years	10 years	Inception
Mixed-Asset Target 2010 Funds
RiverSourceSM Retirement Plus 2010 Fund **	5.75					4.82
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target 2020 Funds
RiverSourceSM Retirement Plus 2015 Fund **	5.75					6.28
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Retirement Plus 2020 Fund **	5.75					6.65
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target 2030 Funds
RiverSourceSM Retirement Plus 2025 Fund **	5.75					6.56
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Retirement Plus 2030 Fund **	5.75					7.04
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target 2040 Funds
RiverSourceSM Retirement Plus 2035 Fund **	5.75					6.21
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Retirement Plus 2040 Fund **	5.75					6.78
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Retirement Plus 2045 Fund **	5.75					6.66
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Conservative Funds
RiverSourceSM Portfolio Builder Conservative Fund	4.75	1.33				3.05
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Portfolio Builder Moderate Conservative Fund	4.75	3.82				4.89
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Growth Funds
RiverSourceSM Portfolio Builder Moderate Aggressive Fund	5.75	6.28				7.21
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Moderate Funds
RiverSourceSM Balanced Fund	5.75	8.36	7.05	4.42	3.00		^
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Portfolio Builder Moderate Fund	5.75	4.85				6.22
Lipper Fund Ranking / Total Funds in Category
Multi Cap Core Funds
RiverSourceSM Fundamental Value Fund *	5.75	7.87	9.27	6.83		5.59
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Portfolio Builder Aggressive Fund	5.75	8.13				8.40
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Portfolio Builder Total Equity Fund	5.75	9.88				9.64
Lipper Fund Ranking / Total Funds in Category
Multi Cap Value Funds
RiverSourceSM Select Value Fund *	5.75	11.52	8.81			9.07
Lipper Fund Ranking / Total Funds in Category
Real Estate Funds
RiverSourceSM Real Estate Fund	5.75	27.51				23.80
Lipper Fund Ranking / Total Funds in Category
S&P 500 Index Objective Funds
RiverSourceSM S&P 500 Index Fund ***	—	15.21	9.77	5.53		2.23
Science & Technology Fund
RiverSourceSM Global Technology Fund	5.75	13.10	9.08	5.35	5.57	5.35
Lipper Fund Ranking / Total Funds in Category
Small Cap Core Funds
RiverSourceSM Small Cap Equity Fund *	5.75	3.55	10.09			7.89
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Small Cap Value Fund *	5.75	10.12	11.66	10.69		11.60
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Small Cap Advantage Fund	5.75	5.43	9.44	9.90		7.73
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Small Company Index Fund	5.75	7.72	11.79	10.23	9.76	10.35
Lipper Fund Ranking / Total Funds in Category
Small Cap Growth Funds
RiverSourceSM Small Cap Growth Fund *	5.75	2.76	4.04	0.70		-0.72
Lipper Fund Ranking / Total Funds in Category
Small Cap Value Funds
RiverSourceSM Disciplined Small Cap Value Fund **	5.75					1.66
Lipper Fund Ranking / Total Funds in Category

^      Since fund inception returns and rankings are not available. Actual fund inception date pre-dates data in Lipper database.

*      Mutual funds subadvised by advisors not affiliated with Ameriprise Financial, Inc.

**    Since inception returns are cumulative.

***  RiverSource^SM S&P 500 Index Fund data is for D shares.

A6

Fixed Income Fund Performance & Lipper Ranking

As of December 31, 2006

Source of Data:  Lipper

The performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

	Total Net	Total Net	Rankings and Annualized Returns at NAV
	Assets	Assets	1 year			3 years			5 years
Class A Shares by Lipper Category	(Mil $)	Date	Return	Ranking		Return	Ranking		Return	Ranking
Emerging Markets Debt Funds
RiverSourceSM Emerging Markets Bond Fund **	53.20	12/29/2006
Lipper Fund Ranking / Total Funds in Category
Equity Market Neutral Funds
RiverSourceSM Absolute Return Currency & Income Fund **	84.10	12/29/2006
Lipper Fund Ranking / Total Funds in Category
Global Income Funds
RiverSourceSM Global Bond Fund	488.20	12/29/2006	6.87	22	%	3.63	48	%	7.53	39	%
Lipper Fund Ranking / Total Funds in Category				23 / 104			45 / 94			31 / 79
High Current Yield Funds
RiverSourceSM High Yield Bond Fund	2,001.90	12/29/2006	10.77	32	%	8.92	14	%	8.60	51	%
Lipper Fund Ranking / Total Funds in Category				144 / 457			53 / 388			161 / 315
RiverSourceSM Income Opportunities Fund	349.10	12/29/2006	8.49	84	%	7.48	46	%
Lipper Fund Ranking / Total Funds in Category				382 / 457			177 / 388
Intermediate Investment Grade Debt Funds
RiverSourceSM Core Bond Fund	211.30	12/29/2006	3.78	62	%	3.13	60	%
Lipper Fund Ranking / Total Funds in Category				298 / 486			248 / 419
RiverSourceSM Diversified Bond Fund	2,770.60	12/29/2006	5.39	7	%	3.95	14	%	4.42	57	%
Lipper Fund Ranking / Total Funds in Category				34 / 486			57 / 419			202 / 357
Loan Participation Funds
RiverSourceSM Floating Rate Fund **	504.40	12/29/2006
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Conservative Funds
RiverSourceSM Income Builder Basic Income Fund **	145.60	12/29/2006
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Income Builder Moderate Income Fund **	332.90	12/29/2006
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Income Builder Enhanced Income Fund **	207.20	12/29/2006
Lipper Fund Ranking / Total Funds in Category
Short-Intermediate Investment Grade Debt Funds
RiverSourceSM Limited Duration Bond Fund	152.20	12/29/2006	4.10	27	%	2.95	20	%
Lipper Fund Ranking / Total Funds in Category				40 / 150			26 / 133
Short U.S. Government Funds
RiverSourceSM Short Duration U.S. Government Fund	877.50	12/29/2006	3.96	39	%	2.03	52	%	2.60	48	%
Lipper Fund Ranking / Total Funds in Category				32 / 82			40 / 76			32 / 67
Treasury Inflation Protected Securities Funds
RiverSourceSM Inflation Protected Securities Fund	294.50	12/29/2006	0.00	45	%
Lipper Fund Ranking / Total Funds in Category				52 / 117
U.S. Mortgage Funds
RiverSourceSM U.S. Government Mortgage Fund	260.30	12/29/2006	4.36	57	%	3.54	45	%
Lipper Fund Ranking / Total Funds in Category				45 / 78			34 / 76
Tax-Exempt Funds
California Municipal Debt Funds
RiverSourceSM California Tax-Exempt Fund	176.10	12/29/2006	4.67	43	%	4.31	48	%	4.86	58	%
Lipper Fund Ranking / Total Funds in Category				50 / 116			53 / 111			55 / 95
General Municipal Debt Funds
RiverSourceSM Tax-Exempt High Income Fund	3,134.80	12/29/2006	4.48	48	%	3.66	54	%	4.77	54	%
Lipper Fund Ranking / Total Funds in Category				123 / 257			135 / 250			121 / 227
RiverSourceSM Tax-Exempt Bond Fund	820.90	12/29/2006	4.29	56	%	3.63	55	%	4.52	65	%
Lipper Fund Ranking / Total Funds in Category				144 / 257			138 / 250			147 / 227
Intermediate Municipal Debt Funds
RiverSourceSM Intermediate Tax-Exempt Fund	91.00	12/29/2006	3.79	35	%	2.69	45	%	4.06	55	%
Lipper Fund Ranking / Total Funds in Category				55 / 160			63 / 139			59 / 108
Massachusetts Municipal Debt Funds
RiverSourceSM Massachusetts Tax-Exempt Fund	56.70	12/29/2006	3.94	52	%	3.35	53	%	4.13	86	%
Lipper Fund Ranking / Total Funds in Category				27 / 51			27 / 50			43 / 49
Michigan Municipal Debt Funds
RiverSourceSM Michigan Tax-Exempt Fund	47.30	12/29/2006	4.11	40	%	3.57	50	%	4.59	54	%
Lipper Fund Ranking / Total Funds in Category				12 / 29			15 / 29			16 / 29
Minnesota Municipal Debt Funds
RiverSourceSM Minnesota Tax-Exempt Fund	341.60	12/29/2006	4.29	42	%	3.40	64	%	4.59	59	%
Lipper Fund Ranking / Total Funds in Category				22 / 52			32 / 49			27 / 45
New York Municipal Debt Funds
RiverSourceSM New York Tax-Exempt Fund	68.80	12/29/2006	4.57	43	%	3.58	53	%	4.75	57	%
Lipper Fund Ranking / Total Funds in Category				43 / 99			53 / 99			50 / 88
Ohio Municipal Debt Funds
RiverSourceSM Ohio Tax-Exempt Fund	47.30	12/29/2006	4.06	47	%	3.10	59	%	4.07	73	%
Lipper Fund Ranking / Total Funds in Category				20 / 42			25 / 42			29 / 39

A7

The performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

	Rankings and Annualized Returns at NAV
				Fund	Since
	10 years			Inception	Inception	Ranking	Since
Class A Shares by Lipper Category	Return	Ranking		Date	Return	Date	Ranking
Emerging Markets Debt Funds
RiverSourceSM Emerging Markets Bond Fund **				2/16/2006	8.16
Lipper Fund Ranking / Total Funds in Category
Equity Market Neutral Funds
RiverSourceSM Absolute Return Currency & Income Fund **				6/15/2006	4.29
Lipper Fund Ranking / Total Funds in Category
Global Income Funds
RiverSourceSM Global Bond Fund	4.75	63	%	3/20/1989	7.43	3/23/1989	34	%
Lipper Fund Ranking / Total Funds in Category		33 / 52					3 / 8
High Current Yield Funds
RiverSourceSM High Yield Bond Fund	5.02	62	%	12/8/1983	8.33	12/8/1983	48	%
Lipper Fund Ranking / Total Funds in Category		73 / 118					11 / 22
RiverSourceSM Income Opportunities Fund				6/19/2003	8.35	6/19/2003	55	%
Lipper Fund Ranking / Total Funds in Category							202 / 373
Intermediate Investment Grade Debt Funds
RiverSourceSM Core Bond Fund				6/19/2003	2.32	6/19/2003	71	%
Lipper Fund Ranking / Total Funds in Category							283 / 402
RiverSourceSM Diversified Bond Fund	5.17	70	%	10/3/1974	9.18	10/3/1974	25	%
Lipper Fund Ranking / Total Funds in Category		106 / 151					1 / 3
Loan Participation Funds
RiverSourceSM Floating Rate Fund **				2/16/2006	6.29
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Conservative Funds
RiverSourceSM Income Builder Basic Income Fund **				2/16/2006	8.63
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Income Builder Moderate Income Fund **				2/16/2006	9.84
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Income Builder Enhanced Income Fund **				2/16/2006	10.30
Lipper Fund Ranking / Total Funds in Category
Short-Intermediate Investment Grade Debt Funds
RiverSourceSM Limited Duration Bond Fund				6/19/2003	2.39	6/19/2003	25	%
Lipper Fund Ranking / Total Funds in Category							30 / 123
Short U.S. Government Funds
RiverSourceSM Short Duration U.S. Government Fund	4.15	66	%	8/19/1985	6.27	8/22/1985	17	%
Lipper Fund Ranking / Total Funds in Category		28 / 42					1 / 5
Treasury Inflation Protected Securities Funds
RiverSourceSM Inflation Protected Securities Fund				3/4/2004	2.10	3/4/2004	53	%
Lipper Fund Ranking / Total Funds in Category							34 / 64
U.S. Mortgage Funds
RiverSourceSM U.S. Government Mortgage Fund				2/14/2002	4.24	2/14/2002	38	%
Lipper Fund Ranking / Total Funds in Category							25 / 66
Tax-Exempt Funds
California Municipal Debt Funds
RiverSourceSM California Tax-Exempt Fund	4.91	64	%	8/18/1986	5.91	8/31/1986	80	%
Lipper Fund Ranking / Total Funds in Category		44 / 68					16 / 19
General Municipal Debt Funds
RiverSourceSM Tax-Exempt High Income Fund	4.89	48	%	5/7/1979	6.88	5/31/1979	46	%
Lipper Fund Ranking / Total Funds in Category		70 / 145					11 / 23
RiverSourceSM Tax-Exempt Bond Fund	4.91	48	%	11/24/1976	6.03	11/30/1976	78	%
Lipper Fund Ranking / Total Funds in Category		69 / 145					7 / 8
Intermediate Municipal Debt Funds
RiverSourceSM Intermediate Tax-Exempt Fund	4.14	87	%	11/13/1996	4.20	11/14/1996	82	%
Lipper Fund Ranking / Total Funds in Category		62 / 71					59 / 71
Massachusetts Municipal Debt Funds
RiverSourceSM Massachusetts Tax-Exempt Fund	4.47	78	%	7/2/1987	5.76	7/31/1987	93	%
Lipper Fund Ranking / Total Funds in Category		31 / 39					12 / 12
Michigan Municipal Debt Funds
RiverSourceSM Michigan Tax-Exempt Fund	4.57	60	%	7/2/1987	5.94	7/31/1987	88	%
Lipper Fund Ranking / Total Funds in Category		15 / 24					7 / 7
Minnesota Municipal Debt Funds
RiverSourceSM Minnesota Tax-Exempt Fund	4.79	48	%	8/18/1986	5.96	8/31/1986	58	%
Lipper Fund Ranking / Total Funds in Category		20 / 41					4 / 6
New York Municipal Debt Funds
RiverSourceSM New York Tax-Exempt Fund	4.83	60	%	8/18/1986	5.75	8/31/1986	77	%
Lipper Fund Ranking / Total Funds in Category		38 / 63					13 / 16
Ohio Municipal Debt Funds
RiverSourceSM Ohio Tax-Exempt Fund	4.43	71	%	7/2/1987	5.74	7/31/1987	89	%
Lipper Fund Ranking / Total Funds in Category		24 / 33					8 / 8

A8

The performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

	Annualized Returns @ POP
	Max. Front
	Sales					Since
Class A Shares by Lipper Category	Charge	1 year	3 years	5 years	10 years	Inception
Emerging Markets Debt Funds
RiverSourceSM Emerging Markets Bond Fund **	4.75					3.03
Lipper Fund Ranking / Total Funds in Category
Equity Market Neutral Funds
RiverSourceSM Absolute Return Currency & Income Fund **	4.75					-0.66
Lipper Fund Ranking / Total Funds in Category
Global Income Funds
RiverSourceSM Global Bond Fund	4.75	1.79	1.96	6.49	4.25	7.14
Lipper Fund Ranking / Total Funds in Category
High Current Yield Funds
RiverSourceSM High Yield Bond Fund	4.75	5.51	7.17	7.55	4.51	8.11
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Income Opportunities Fund	4.75	3.34	5.75			6.87
Lipper Fund Ranking / Total Funds in Category
Intermediate Investment Grade Debt Funds
RiverSourceSM Core Bond Fund	4.75	-1.15	1.48			0.91
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Diversified Bond Fund	4.75	0.38	2.28	3.41	4.66	9.02
Lipper Fund Ranking / Total Funds in Category
Loan Participation Funds
RiverSourceSM Floating Rate Fund **	4.75					1.24
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Conservative Funds
RiverSourceSM Income Builder Basic Income Fund **	4.75					3.47
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Income Builder Moderate Income Fund **	4.75					4.62
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Income Builder Enhanced Income Fund **	4.75					5.06
Lipper Fund Ranking / Total Funds in Category
Short-Intermediate Investment Grade Debt Funds
RiverSourceSM Limited Duration Bond Fund	4.75	-0.84	1.30			0.99
Lipper Fund Ranking / Total Funds in Category
Short U.S. Government Funds
RiverSourceSM Short Duration U.S. Government Fund	4.75	-0.98	0.39	1.61	3.64	6.03
Lipper Fund Ranking / Total Funds in Category
Treasury Inflation Protected Securities Funds
RiverSourceSM Inflation Protected Securities Fund	4.75	-4.75				0.35
Lipper Fund Ranking / Total Funds in Category
U.S. Mortgage Funds
RiverSourceSM U.S. Government Mortgage Fund	4.75	-0.60	1.88			3.21
Lipper Fund Ranking / Total Funds in Category
Tax-Exempt Funds
California Municipal Debt Funds
RiverSourceSM California Tax-Exempt Fund	4.75	-0.30	2.63	3.85	4.40	5.66
Lipper Fund Ranking / Total Funds in Category
General Municipal Debt Funds
RiverSourceSM Tax-Exempt High Income Fund	4.75	-0.48	1.99	3.75	4.38	6.69
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Tax-Exempt Bond Fund	4.75	-0.66	1.96	3.51	4.40	5.86
Lipper Fund Ranking / Total Funds in Category
Intermediate Municipal Debt Funds
RiverSourceSM Intermediate Tax-Exempt Fund	4.75	-1.14	1.04	3.05	3.63	3.70
Lipper Fund Ranking / Total Funds in Category
Massachusetts Municipal Debt Funds
RiverSourceSM Massachusetts Tax-Exempt Fund	4.75	-0.99	1.69	3.12	3.96	5.50
Lipper Fund Ranking / Total Funds in Category
Michigan Municipal Debt Funds
RiverSourceSM Michigan Tax-Exempt Fund	4.75	-0.84	1.90	3.58	4.06	5.67
Lipper Fund Ranking / Total Funds in Category
Minnesota Municipal Debt Funds
RiverSourceSM Minnesota Tax-Exempt Fund	4.75	-0.67	1.73	3.57	4.28	5.70
Lipper Fund Ranking / Total Funds in Category
New York Municipal Debt Funds
RiverSourceSM New York Tax-Exempt Fund	4.75	-0.39	1.91	3.74	4.32	5.50
Lipper Fund Ranking / Total Funds in Category
Ohio Municipal Debt Funds
RiverSourceSM Ohio Tax-Exempt Fund	4.75	-0.88	1.44	3.06	3.92	5.48
Lipper Fund Ranking / Total Funds in Category

**    Since inception returns are cumulative.

A9

Ameriprise Financial, Inc.

Fund Performance & Lipper Ranking

As of December 31, 2006

Source of Data:  Lipper

Rankings based on annualized total returns, excluding sales charges. Net asset value (NAV) returns for all periods would have been lower if the applicable sales charges were included.

Please note the following about the “Ranking Since” Lipper Rankings: In order to obtain a more accurate “since inception” Lipper Ranking for funds with an inception prior to 2000, the Thursday or month-end date following the actual inception date was used, rather than the actual inception date. When researching since inception rankings, please use the “Ranking Since” date.

Please note the following about the “Annualized Returns @ POP”:  The POP return is calculated assuming a one-time purchase of the Fund at the maximum sales charge listed in the exhibit. RiverSource S&P 500 Index Fund has no sales loads, however, a redemption fee of 0.50% is charged on shares redeemed within 180 days of purchase.

Net assets per fund include all share classes. Assets for RiverSource Portfolio Builder Funds, RiverSource Income Builder Funds and RiverSource Retirement Plus Funds are invested in other RiverSource Funds and therefore would be double counted if assets are summed to reach a total.

Fee waivers were in place for each subadvised fund shown and the return would have been lower for each Fund had fee waivers not been in place.

The performance information shown represents past performance and is not a guarantee of future results. The value of your investment and returns will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.

Current performance may be lower or higher than the performance information shown.

You may obtain performance information current to the most recent month-end by visiting www.ameriprise.com/amp/individual/products/investing/mutual-funds.asp.

A10

Important Disclosures

An investment in money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although these funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds.

You should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. For a free prospectus, which contains this and other important information about the funds, call (800) 297-3863, TTY: (800) 846-4852. Read the prospectus carefully before investing.

The RiverSource Global Technology Fund is a narrowly focused sector fund and it may exhibit higher volatility than funds with broader investment objectives.

Investments in small- and mid-capitalization companies often involve greater risks and potential volatility than investments in larger, more established companies.

The RiverSource Precious Metals Fund is a narrowly focused sector fund and it may exhibit higher volatility than funds with broader investment objectives.

The investment process used to manage the RiverSource Disciplined Equity Fund employs new technologies and statistical methods that have not previously been used to manage open-end mutual funds. Shareholders should be prepared for the possibility that the Fund may under perform its benchmark. While RiverSource Investments seeks to control trading activity, the Fund may trade more often than other funds in its peer group. Trading activity may result in increased fees, expenses and taxes.

The RiverSource Real Estate Fund is a narrowly focused sector fund and it may exhibit higher volatility than funds with broader investment objectives. An investment in a real estate fund is subject to the same risks as a direct investment in real estate. Such risks include market risk, economic risk and mortgage rate risk.

International investing involves increased risk and volatility, not typically associated with domestic investing, due to changes in currency exchange rates, foreign government regulations, differences in auditing and accounting standards, potential political and economic instability, limited liquidity and volatile prices. The risks of international investing are particularly significant in emerging markets.

There are risks associated with an investment in a bond fund, including the impact of interest rates, credit and inflation. These and other risk considerations are discussed in the fund’s prospectus. In general, bond prices rise when interest rates fall and vice versa. This effect is usually more pronounced for longer-term securities. Non-investment grade securities, commonly called “high-yield” or “junk” bonds, generally have more volatile prices and carry more risk to principal and income than investment grade securities.

High yield funds invest in lower-rated bonds, which generally have more volatile prices and carry more risk to principal and income than investment grade securities.

Principal risks associated with the RiverSource Inflation Protected Securities Fund include style risk, interest rate risk, market risk, credit risk, liquidity risk and sector/concentration risk. Treasury Inflation Protected Securities (TIPS) are backed by the full faith and credit of the U.S. government. The U.S. government guarantee applies only to the underlying TIPS securities, and not the Fund itself.

Income from tax-exempt funds may be subject to state and local taxes, and a portion of income may be subject to the federal and/or state alternative minimum tax for certain investors. Federal income tax rules will apply to any capital gains distribution.

Shares of the RiverSource Short Duration U.S. Government Fund and the RiverSource U.S. Government Mortgage Fund are not insured or guaranteed by the U.S. government.

The RiverSource Portfolio Builder Funds, RiverSource Income Builder Funds and RiverSource Retirement Plus Funds are “funds of funds” comprised of holdings in several different RiverSource funds, which may include small cap, mid cap, large cap, money market, international, bond and/or other sector funds. Specific risk considerations are discussed in each fund’s prospectus. Each of the underlying funds in which the portfolio invests has its own investment risks, and those risks can affect the value of each portfolio’s shares and investments. See each fund’s prospectus for specific risks that may be associated with the underlying funds.

The Floating Rate Fund invests primarily in floating rate loans, the market value of which may fluctuate, sometimes rapidly and unpredictably. The principal risks of investing in the Fund include liquidity risk, interest rate risk, credit risk, counterparty risk, highly leveraged transactions risk, derivatives risk, confidential information access risk, and impairment of collateral risk. Generally, when interest rates rise, the prices of fixed income securities fall; however, securities or loans with floating interest rates can be less sensitive to interest rate changes, but they may decline in value if their interest rates do not rise as much as interest rates in general. Limited liquidity may affect the ability of the Fund to purchase or sell floating rate loans and may have a negative impact on fund performance. The floating rate loans and securities in which the Fund invests generally are lower-rated (non-investment grade) and are more likely to experience a default, which results in more volatile prices and more risk to principal and income than investment grade loans or securities. See the Fund’s prospectus for information on these and other risks associated with the Fund.

“Standard & Poor’s^®,” “S&P,” “S&P 500^®,” and “Standard & Poor’s 500^®” are trademarks of the McGraw Hill Companies, Inc. These trademarks and service marks have been licensed for use by RiverSource Investments. The Funds are not sponsored, endorsed, sold or promoted by Standard & Poor’s or any of their subsidiaries or affiliates (the “Licensors”) and the Licensors make no representation regarding the advisability of investing in the Funds.

Products are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by any financial institution; and involve investment risks including possible loss of principal and fluctuation in value.

RiverSource^SM mutual funds are distributed by RiverSource Distributors, Inc. and Ameriprise Financial Services, Inc., Members NASD, and managed by RiverSource Investments, LLC. These companies are part of Ameriprise Financial, Inc.

A11

Investment products are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by, any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

Brokerage, investment and financial advisory services are made available through Ameriprise Financial Services, Inc. Member NASD and SIPC. Ameriprise Bank, FSB, member FDIC, provides certain deposit and lending products and services for Ameriprise Financial Services, Inc. Ameriprise Bank, FSB deposit products are FDIC-insured up to $100,000 per customer.

RiverSource Distributors, Inc. (Distributor), Member NASD. Insurance and annuity products are issued by RiverSource Life Insurance Company, and in New York only by RiverSource Life Insurance Co. of New York, Albany, NY. Only RiverSource Life Insurance Co. of New York is authorized to sell insurance products in the state of NY.

RiverSource^SM mutual funds are distributed by RiverSource Distributors, Inc. and Ameriprise Financial Services, Inc., Members NASD, and managed by RiverSource Investments, LLC.

The Threadneedle group of companies constitutes the Ameriprise Financial international investment platform. The group consists of wholly owned subsidiaries of Ameriprise Financial, Inc. and provides services independent from Ameriprise Financial Services, Inc., including Ameriprise Financial Services’ broker-dealer business.

RiverSource Investments, LLC is an SEC-registered investment adviser that offers investment products and services under the names RiverSource Institutional Advisors, RiverSource Alternative Investments, RiverSource Capital Management and RiverSource Insurance Assets. RiverSource Investments LLC also serves as the Investment Manager for the RiverSource mutual funds.

Ameriprise Certificates are issued by Ameriprise Certificate Company and distributed by Ameriprise Financial Services, Inc. Member NASD.

Ameriprise Auto & Home Insurance issues auto, home and umbrella insurance underwritten by AMEX Assurance Company (AMEX Assurance) or IDS Property Casualty Insurance Company (IDS Property Casualty), DePere, WI.

Mortgages and home equity loans are provided by Ameriprise Bank, FSB, an FDIC-insured federal savings bank. Ameriprise Bank, FSB, an Equal Housing Lender, is an Ameriprise Financial Services, Inc. company.

These companies, including Securities America, Inc., Member NASD, are all affiliated with Ameriprise Financial, Inc., which is  no longer affiliated with the American Express Company.

A12

EXHIBIT B

RECONCILIATION TABLES

Ameriprise Financial, Inc.

Reconciliation Table: Adjusted Consolidated Income Statements Excluding AMEX Assurance

For the Year Ended December 31, 2005

(in millions, unaudited)	Adjusted Consolidated (1)		AMEX Assurance			Adjusted to Exclude AMEX Assurance
Revenues
Management, financial advice and service fees	$	2,578	$	3		$	2,575
Distribution fees	1,150		—			1,150
Net investment income	2,241		9			2,232
Premiums	979		127			852
Other revenues	536		(1		)	537
Total revenues	7,484		138			7,346
Expenses
Compensation and benefits:
Field	1,515		37			1,478
Non-field	1,135		—			1,135
Total compensation and benefits	2,650		37			2,613
Interest credited to account values	1,310		—			1,310
Benefits, claims, losses and settlement expenses	880		(12		)	892
Amortization of deferred acquisition costs	431		17			414
Interest and debt expense	73		—			73
Other expenses	1,102		14			1,088
Total expenses before separation costs (1)	6,446		56			6,390
Income before income tax provision, discontinued operations and separation costs (1),(2)	1,038		82			956
Income tax provision before tax benefit attributable to separation costs (1),(2)	289		26			263
Income before discontinued operations and separation costs (1)	749		$	56		$	693
Separation costs, after-tax (1)	191
Income before discontinued operations	558
Discontinued operations, net of tax	16
Net income	$	574

(1)    Consolidated adjusted for non-GAAP presentation of separation costs. See Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP included elsewhere in this Exhibit B and Non-GAAP Financial Information.

(2)    See definition of Effective Tax Rate on Adjusted Earnings included in this supplement.

B1

Ameriprise Financial, Inc.

Reconciliation Table: Protection Segment Income Statements To Adjusted

For the Year Ended December 31, 2005

(in millions, unaudited)	Protection Segment		AMEX Assurance			Adjusted
Revenues
Management, financial advice and service fees	$	67	$	3		$	64
Distribution fees	106		—			106
Net investment income	339		9			330
Premiums	1,001		127			874
Other revenues	435		(1		)	436
Total revenues	1,948		138			1,810
Expenses
Compensation and benefits - field	115		37			78
Interest credited to account values	146		—			146
Benefits, claims, losses and settlement expenses	828		(12		)	840
Amortization of deferred acquisition costs	108		17			91
Other expenses	298		14			284
Total expenses	1,495		56			1,439
Pretax segment income	$	453	$	82		$	371

B2

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended December 31, 2005
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs			GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	1,869	$	—		$	1,869	Total revenues
Total expenses before separation costs	1,617		125			1,742		Total expenses
Income before income tax provision and separation costs	252		(125		)	127		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs	59		(43		)	16		Income tax provision
Income before separation costs	193
Separation costs, after-tax	82
Net income (GAAP measure)	$	111				$	111	Net income

B3

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Twelve Months Ended December 31, 2005
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs			GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	7,484	$	—		$	7,484	Total revenues
Total expenses before separation costs	6,446		293			6,739		Total expenses
Income before income tax provision, discontinued operations, and separation costs	1,038		(293		)	745		Income before income tax provision and discontinued operations
Income tax provision before tax benefit attributable to separation costs	289		(102		)	187		Income tax provision
Income before discontinued operations and separation costs	749
Separation costs, after-tax	191
Income before discontinued operations (GAAP measure)	$	558				$	558	Income before discontinued operations

B4

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended March 31, 2006
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs			GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	1,949	$	—		$	1,949	Total revenues
Total expenses before separation costs	1,691		67			1,758		Total expenses
Income before income tax provision and separation costs	258		(67		)	191		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs	69		(23		)	46		Income tax provision
Income before separation costs	189
Separation costs, after-tax	44
Net income (GAAP measure)	$	145				$	145	Net income

B5

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended June 30, 2006
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs			GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	2,053	$	—		$	2,053	Total revenues
Total expenses before separation costs	1,783		84			1,867		Total expenses
Income before income tax provision and separation costs	270		(84		)	186		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs	75		(30		)	45		Income tax provision
Income before separation costs	195
Separation costs, after-tax	54
Net income (GAAP measure)	$	141				$	141	Net income

B6

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended September 30, 2006
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs			GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	1,977	$	—		$	1,977	Total revenues
Total expenses before separation costs	1,673		87			1,760		Total expenses
Income before income tax provision and separation costs	304		(87		)	217		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs	73		(30		)	43		Income tax provision
Income before separation costs	231
Separation costs, after-tax	57
Net income (GAAP measure)	$	174				$	174	Net income

B7

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended December 31, 2006
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs			GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	2,161	$	—		$	2,161	Total revenues
Total expenses before separation costs	1,835		123			1,958		Total expenses
Income before income tax provision and separation costs	326		(123		)	203		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs	75		(43		)	32		Income tax provision
Income before separation costs	251
Separation costs, after-tax	80
Net income (GAAP measure)	$	171				$	171	Net income

B8

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Twelve Months Ended December 31, 2006
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs			GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	8,140	$	—		$	8,140	Total revenues
Total expenses before separation costs	6,982		361			7,343		Total expenses
Income before income tax provision and separation costs	1,158		(361		)	797		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs	292		$	(126	)	166		Income tax provision
Income before separation costs	866
Separation costs, after-tax	235
Net income (GAAP measure)	$	631				$	631	Net income

B9

Ameriprise Financial, Inc.

Return on Equity Calculation

(in millions, unaudited)		ROE Excluding Discontinued Operations (1)			Adjustments			Adjusted ROE (2)
Return on Equity Calculation for the Twelve Months Ended:
December 31, 2005
	Return	$	558		$	135		$	693
	Equity	$	6,980		$	(168	)	$	6,812
	Return on Equity	8.0		%				10.2		%
March 31, 2006
	Return	$	528		$	192		$	720
	Equity	$	7,156		$	(235	)	$	6,921
	Return on Equity	7.4		%				10.4		%
June 30, 2006
	Return	$	520		$	236		$	756
	Equity	$	7,348		$	(291	)	$	7,057
	Return on Equity	7.1		%				10.7		%
September 30, 2006
	Return	$	571		$	236		$	807
	Equity	$	7,550		$	(336	)	$	7,214
	Return on Equity	7.6		%				11.2		%
December 31, 2006
	Return	$	631		$	235		$	866
	Equity	$	7,588		$	(273	)	$	7,315
	Return on Equity	8.3		%				11.8		%

(1)Return on equity is calculated using the 12 month trailing income before discontinued operations in the numerator and the average of shareholders’ equity before the assets and liabilities of discontinued operations as of the last day of the preceding four quarters and the current quarter in the denominator.

(2)Adjusted return on equity is calculated using adjusted earnings (income before discontinued operations excluding non-recurring separation costs and AMEX Assurance) in the numerator, and equity excluding both the assets and liabilities of discontinued operations and equity allocated to expected non-recurring separation costs as of the last day of the preceding four quarters and the current quarter in the denominator.

B10

Ameriprise Financial, Inc.

Ratio of Earnings to Fixed Charges

(in millions, unaudited)	4Q 2005			1Q 2006			2Q 2006			3Q 2006			4Q 2006			4Q’06 vs. 4Q’05 % Change		YTD 2005			YTD 2006
Ratio of Earnings to Fixed Charges(1)
Earnings	$	159		$	225		$	225		$	258		$	244		53	%	$	859		$	952
Fixed charges	$	31		$	34		$	39		$	42		$	41		32	%	$	113		$	156
Ratio of earnings to fixed charges	5.1		x	6.6		x	5.8		x	6.1		x	6.0		x	18	%	7.6		x	6.1		x
Ratio of Earnings to Fixed Charges without interest expense on non-recourse debt (1)
Earnings	$	159		$	225		$	225		$	258		$	244		53	%	$	859		$	952
Interest expense on non-recourse debt:
Interest on debt of CDO consolidated per FIN 46(R)	(5		)	(5		)	(5		)	(4		)	(4		)	20	%	(18		)	(18		)
Interest on debt of Threadneedle managed property fund limited partnerships consolidated per EITF 04-5	—			(1		)	(3		)	(2		)	—			—		—			(6		)
	(5		)	(6		)	(8		)	(6		)	(4		)	20	%	(18		)	(24		)
Other	3			—			—			—			—			#		8			—
Total earnings	$	157		$	219		$	217		$	252		$	240		53	%	$	849		$	928
Fixed charges	$	31		$	34		$	39		$	42		$	41		32	%	$	113		$	156
Interest expense on non-recourse debt:
Interest on debt of CDO consolidated per FIN 46(R)	(5		)	(5		)	(5		)	(4		)	(4		)	20	%	(18		)	(18		)
Interest on debt of Threadneedle managed property fund limited partnerships consolidated per EITF 04-5	—			(1		)	(3		)	(2		)	—			—		—			(6		)
	(5		)	(6		)	(8		)	(6		)	(4		)	20	%	(18		)	(24		)
Other	5			—			—			—			—			#		10			—
Total fixed charges	$	31		$	28		$	31		$	36		$	37		19	%	$	105		$	132
Ratio of earnings to fixed charges without interest expense on non-recourse debt	5.1		x	7.8		x	7.0		x	7.0		x	6.5		x	27	%	8.1		x	7.0		x

(1)       See definition of Ratio of Earnings to Fixed Charges included in this supplement.

#      Variance of 100% or greater.

B11

Ameriprise Financial, Inc.

Fourth Quarter 2006

Disclosed Items

	Asset Accumulation & Income								Protection
(in millions, unaudited)	Investment Gains(1)		EITF 04-5 (2)			Legal & Regulatory			Investment Gains(1)		Legal & Regulatory			Auto and Home (3)			Consolidated(4)
Revenues
Management, financial advice and service fees	$	—	$	(4	)	$	—		$	—	$	—		$	—		$	—
Distribution fees	—		—			—			—		—			—			—
Net investment income	21		(9		)	—			6		—			—			—
Premiums	—		—			—			—		—			—			—
Other revenues	—		18			—			—		—			—			—
Total revenues	21		5			—			6		—			—			—
Expenses
Compensation and benefits field	—		—			—			—		—			—			—
Compensation and benefits non-field	—		—			—			—		—			—			—
Interest credited to account values	—		—			—			—		—			—			—
Benefits, claims, losses and settlement expenses	—		—			—			—		—			(9		)	—
Amortization of deferred acquisition costs	—		—			—			—		—			—			—
Interest and debt expense	—		—			—			—		—			—			—
Other expenses	—		5			30			—		1			—			—
Total expenses	—		5			30			—		1			(9		)	—
Income before tax provision	$	21	$	—		$	(30	)	$	6	$	(1	)	$	9		$	—
Income tax (benefit)																	$	(16	)

(1)Pretax realized net investment gains and (losses).

(2)In accordance with EITF 04-5, reflects consolidation of certain property fund limited partnerships managed by Threadneedle and hedge fund limited partnerships managed by RiverSource.

(3)Reserve release due to continued improvement in 2004 and 2005 accident year results in Auto and Home.

(4)Tax benefit primarily due to a change in effective state income tax rate applied to deferred tax assets due to the separation from American Express.

C1

Ameriprise Financial, Inc.

Third Quarter 2006

Disclosed Items

	Asset Accumulation & Income											Protection
(in millions, unaudited)	DAC (1)			EITF 04-5 (2)			Investment Gains (3)		Amaranth (4)			DAC (1)			LTC (5)		Investment Gains (3)		Amaranth (4)			Consolidated (6)
Revenues
Management, financial advice and service fees	$	—		$	(1	)	$	—	$	—		$	—		$	—	$	—	$	—		$	—
Distribution fees	—			—			—		—			—			—		—		—			—
Net investment income	—			12			12		(15		)	—			—		2		(5		)	—
Premiums	—			—			—		—			—			15		—		—			—
Other revenues	—			28			—		—			(1		)	—		—		—			—
Total revenues	—			39			12		(15		)	(1		)	15		2		(5		)	—
Expenses
Compensation and benefits field	—			—			—		—			—			—		—		—			—
Compensation and benefits non-field	—			—			—		—			—			—		—		—			—
Interest credited to account values	—			—			—		—			—			—		—		—			—
Benefits, claims, losses and settlement expenses	—			—			—		—			12			—		—		—			—
Amortization of deferred acquisition costs	14			—			—		—			(52		)	—		—		—			—
Interest and debt expense	—			2			—		—			—			—		—		—			—
Other expenses	—			37			—		—			—			—		—		—			—
Total expenses	14			39			—		—			(40		)	—		—		—			—
Income before tax provision	$	(14	)	$	—		$	12	$	(15	)	$	39		$	15	$	2	$	(5	)	$	—
Income tax expense (benefit)																						$	(13	)

(1)       Annual DAC review (see below).

(2)       Consolidation of hedge fund limited partnerships managed by RiverSource and certain property fund limited partnerships managed by Threadneedle in accordance with EITF 04-5.

(3)       Pretax realized net investment gains and (losses).

(4)       Represents the pretax loss on a single externally-managed hedge fund investment.

(5)       Adjustment in premiums resulting from a review of the Company’s LTC reinsurance arrangement.

(6)       Decrease in tax expense as a result of the finalization of prior period tax returns.

The $25 million pretax benefit from DAC unlocking in the third quarter of 2006 consisted of:

•             a $25 million benefit from modeling improvements in increased product persistency;

•             a $15 million benefit from modeling improvements in mortality;

•             a $8 million increase from modeling lower variable product fund fee revenue;

•             a $8 million increase from modeling changes related to Variable Life Second to Die insurance; and

•             a $1 million benefit from other miscellaneous items.

C2

Ameriprise Financial, Inc.

Fourth Quarter 2005

Disclosed Items

	Asset Accumulation & Income					Protection			Corporate
(in millions, unaudited)	Threadneedle (1)			Investment Gains (2)		Investment Gains (2)			Investment Gains (2)		Consolidated (3)
Revenues
Management, financial advice and service fees	$	(12	)	$	—	$	—		$	—	$	—
Distribution fees	—			—		—			—		—
Net investment income	—			6		(2		)	1		—
Premiums	—			—		—			—		—
Other revenues	—			—		—			—		—
Total revenues	(12		)	6		(2		)	1		—
Expenses
Compensation and benefits field	—			—		—			—		—
Compensation and benefits non-field	—			—		—			—		(9		)
Interest credited to account values	—			—		—			—		—
Benefits, claims, losses and settlement expenses	—			—		—			—		—
Amortization of deferred acquisition costs	—			—		—			—		—
Interest and debt expense	—			—		—			—		—
Other expenses	(9		)	—		—			—		—
Total expenses	(9		)	—		—			—		(9		)
Income before tax provision	$	(3	)	$	6	$	(2	)	$	1	$	9

(1)Reduction in revenue and expense as a result of hedge fund performance.

(2)Pretax realized net investment gains and (losses).

(3)Consolidated income statements show compensation and benefits non-field, which is included in “Other expenses” in the segments. This amount pertains to Threadneedle.

C3

Ameriprise Financial, Inc.

Reconciliation of Adjustments Affecting Historical Statistical Supplement Presentations

(in millions unless otherwise noted, unaudited)	4Q 2005				YTD 2005				1Q 2006			2Q 2006				3Q 2006
Mutual funds and non-proprietary SPS wrap net flows (1)
Cash sales - as previously reported	$	7,630			$	31,045			$	9,302		$	8,993			$	7,714
SIB cash sales	332				1,073				222			152				314
Cash sales - current presentation	$	7,962			$	32,118			$	9,524		$	9,145			$	8,028
Threadneedle cash sales (1)
Cash sales - as previously reported	$	2,423			$	8,418			$	2,198		$	2,606			$	2,391
SIB cash sales	332				1,073				222			152				314
Cash sales - current presentation	$	2,755			$	9,491			$	2,420		$	2,758			$	2,705
Threadneedle Managed Mutual Funds (in billions) (2)
Previous presentation:
Market appreciation (depreciation)	$	0.7			$	2.3			$	1.1		$	(0.6		)	$	0.8
Other	(0.3			)	(1.3			)	0.3			0.5				0.2
Total	$	0.4			$	1.0			$	1.4		$	(0.1		)	$	1.0
Current presentation:
Market appreciation (depreciation)	$	0.8			$	2.4			$	1.1		$	(0.8		)	$	0.6
Foreign currency translation	(0.2			)	(1.2			)	0.1			0.7				0.4
Other	(0.2			)	(0.2			)	0.2			—				—
Total	$	0.4			$	1.0			$	1.4		$	(0.1		)	$	1.0
Threadneedle Managed Institutional Accounts (in billions) (2)
Previous presentation:
Market appreciation (depreciation)	$	2.5			$	10.3			$	4.1		$	(2.5		)	$	2.0
Other	(1.6			)	(6.3			)	1.3			4.6				3.0
Total	$	0.9			$	4.0			$	5.4		$	2.1			$	5.0
Current presentation:
Market appreciation (depreciation)	$	2.8			$	11.1			$	4.0		$	(3.3		)	$	1.6
Foreign currency translation	(1.4			)	(9.4			)	0.7			4.4				2.8
Other	(0.5			)	2.3				0.7			1.0				0.6
Total	$	0.9			$	4.0			$	5.4		$	2.1			$	5.0
SAI Wrap Accounts (in billion) (3)
Previous presentation:
Net flows	$		1.5		$		2.9		$		0.8	$		0.8		$		0.6
Market appreciation (depreciation) and other	(0.2			)	—				0.3			(0.1			)	(0.2			)
Total	$		1.3		$		2.9		$		1.1	$		0.7		$		0.4
Current presentation:
Net Flows	$		1.5		$		2.9		$		0.6	$		0.6		$		0.3
Market appreciation (depreciation) and other	(0.2			)	—				0.5			0.1				0.1
Total	$		1.3		$		2.9		$		1.1	$		0.7		$		0.4

(1)Mutual funds and non-proprietary SPS wrap net flows and Threadneedle cash sales appearing on page 5 have been adjusted to include the cash sales activity for Sterling Investment Bonds.

(2)The net gain (loss) related to foreign currency translation of the underlying investments to Pounds Sterling was historically included in “Other.” They are now presented as part of “Market appreciation (depreciation).” The net gain (loss) related to the foreign currency translation from Pounds Sterling to US Dollars was historically included in “Other” and is now presented separately as “Foreign currency translation.” These revisions appear on pages 12 and 13, respectively.

(3)SAI wrap Net flows and Market appreciation (depreciation) and other appearing on page 14 have been adjusted for all periods presented.

D1