8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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)  October 24, 2007

AMERIPRISE FINANCIAL, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-32525	13-3180631
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)
55 Ameriprise Financial CenterMinneapolis, 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):

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

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

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

o Pre-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 Conditions.

On October 24, 2007, Ameriprise Financial, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter of 2007. 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 September 30, 2007.

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 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 separation costs; total expenses before separation costs; adjusted earnings (adjusted to exclude separation costs); income before income tax provision and separation costs; income tax provision before tax benefit attributable to separation costs; income before separation costs; separation costs, after-tax; effective tax rate on adjusted earnings; adjusted pretax segment income; return on allocated equity adjusted for pretax segment income; 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 a nonrecourse collateralized debt obligation consolidated in accordance with Financial Accounting Standards Board Interpretation No. 46, “Consolidation of Variable Interest Entities,” as revised, and non-recourse 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 non-recourse 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 issued on May 26, 2006. These junior subordinated notes receive at least a 75% equity credit by the majority of the rating agencies.

Item 9.01               Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.	Description
Exhibit 99.1	Press Release dated October 24, 2007 announcing financial results for the third quarter of 2007
Exhibit 99.2	Statistical Supplement for the quarterly period ended September 30, 2007

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SIGNATURES

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: October 24, 2007	By	/s/ Walter S. Berman
		Walter S. Berman
		Executive Vice President and
		Chief Financial Officer

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EX-99.1

Exhibit 99.1

News Release

Ameriprise Financial Reports

Third Quarter 2007 Earnings

Net income per diluted share increases 17 percent to $0.83 for the quarter, including $0.16
of non-recurring separation costs

Adjusted earnings per diluted share increase 5 percent to $0.99

MINNEAPOLIS – October 24, 2007 – Ameriprise Financial, Inc. (NYSE: AMP) today reported net income of $198 million for the quarter ended September 30, 2007, an increase of 14 percent from net income of $174 million for the year-ago quarter. Adjusted earnings increased 3 percent to $237 million in the third quarter of 2007 compared to the third quarter of 2006. Adjusted earnings exclude after-tax non-recurring separation costs.

Net income per diluted share for the third quarter of 2007 was $0.83, an increase of 17 percent from the prior year period. Adjusted earnings per diluted share for the third quarter of 2007 were $0.99, an increase of 5 percent from the year-ago period.

Revenues grew 11 percent to $2.2 billion in the third quarter of 2007, reflecting continued strong growth of fee-based businesses, including 22 percent growth in management, financial advice and service fees, 17 percent growth in distribution fees, and higher net investment income from variable annuity-related hedges.

Return on equity for the 12 months ended September 30, 2007 was 9.4 percent, or 12.4 percent when adjusted for the separation, an increase from 11.2 percent from a year ago.

“Our operating results demonstrate the strength and diversity of our business model,” said Jim Cracchiolo, chairman and chief executive officer. “Despite the turbulent market conditions during the quarter, we delivered solid growth in revenue, assets and advisor productivity and continue to maintain a high quality balance sheet.”

Third Quarter 2007 Summary

Management believes that the presentation of adjusted financial measures best reflects the underlying performance of our ongoing operations. The adjusted financial measures exclude non-recurring separation costs from all periods. This presentation is consistent with the non-GAAP financial information presented in our Annual Report on Form 10-K for year-end 2006, filed on February 27, 2007 with the Securities and Exchange Commission. The fourth quarter of 2007 will mark the final quarter for recognizing separation-related costs.

Ameriprise Financial, Inc.
Third Quarter Summary

					%		Per Diluted Share				%
(in millions, unaudited)	2007		2006		Change		2007		2006		Change
Net income	$	198	$	174	14	%	$	0.83	$	0.71	17	%
Add: Separation costs, after-tax	39		57		(32	)	0.16		0.23		(30	)
Adjusted earnings, after-tax	$	237	$	231	3	%	$	0.99	$	0.94	5	%

Included in consolidated net income and adjusted earnings for the third quarter of 2007 and 2006 were pretax net realized investment gains from Available-for-Sale securities of $15 million and $14 million, respectively.

As part of our annual detailed review of deferred acquisition cost (DAC) valuation assumptions (DAC unlocking), we reported a $30 million negative impact to pretax income in the third quarter of 2007, compared to a $25 million benefit in the prior-year period.

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Third Quarter 2007 Consolidated Highlights

We continued to drive improvements in the profitability and productivity of our distribution network:

•Mass affluent and affluent client groups increased 11 percent from the year-ago period, with high rates of financial planning penetration for newly acquired clients in this core group.

•Gross Dealer Concession (GDC) increased 14 percent from the year-ago period, reflecting continued strong advisor productivity gains.

•The number of total advisors was 12,003, down 3 percent, as we continue to re-engineer the platform to strengthen employee advisor productivity and distribution economics. However, the number of franchisee advisors was 7,712, up 2 percent, reflecting continued strong franchisee advisor retention rates.

We successfully grew client assets:

•Owned, managed and administered assets increased 12 percent from the prior-year period, reaching $492 billion at September 30, 2007.

•Wrap account total ending assets increased 33 percent to $93 billion, including more than $2.6 billion of net inflows during the quarter.

•Active Portfolios^®, our new discretionary wrap platform, accumulated more than $2.2 billion in ending assets since its launch in February 2007.

•RiverSource^® Funds achieved net inflows of $0.4 billion from mutual funds and annuity variable accounts, with sales of long-term mutual funds increasing 84 percent compared to the prior-year period.

•Strong sales in the Ameriprise and third party channels helped drive $1.3 billion in net inflows in annuity variable accounts. Overall annuity net inflows of $0.3 billion were impacted by continued net outflows from annuity fixed accounts.

•Threadneedle Investments announced its acquisition of Convivo Capital Management, which further strengthens its alternative investment capabilities.

•Life insurance in-force increased 8 percent year-over-year to $184 billion.

We completed our separation from American Express on budget and on schedule.

3

Ameriprise Financial, Inc.

Consolidated Income Statements

	Quarter Ended September 30,				%
(in millions, unaudited)	2007		2006		Change
Revenues
Management, financial advice and service fees	$	878	$	720	22	%
Distribution fees	352		300		17
Net investment income	552		542		2
Premiums	246		244		1
Other revenues	174		171		2
Total revenues	2,202		1,977		11
Expenses
Compensation and benefits:
Field	522		428		22
Non-field	333		328		2
Total compensation and benefits	855		756		13
Interest credited to account values	282		317		(11	)
Benefits, claims, losses and settlement expenses	383		233		64
Amortization of deferred acquisition costs	128		87		47
Interest and debt expense	29		32		(9	)
Other expenses	248		248		—
Total expenses before separation costs	1,925		1,673		15
Income before income tax provision and separation costs(1)	277		304		(9	)
Income tax provision before tax benefit attributable to separation costs(1)	40		73		(45	)
Income before separation costs(1)	237		231		3
Separation costs, after-tax(1)	39		57		(32	)
Net income	$	198	$	174	14	%
Weighted average common shares outstanding:
Basic	235.4		244.5
Diluted	239.2		246.4

⁽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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Third Quarter 2007 Consolidated Results

Net income grew 14 percent to $198 million. Adjusted earnings grew 3 percent to $237 million, compared to the year-ago quarter. Our underlying business results continue to reflect the benefits of our diversified business model, strong growth in fee-based products and expense controls.

There were a number of material disclosed items in both the third quarters of 2007 and 2006. In total, these items positively impacted net income and adjusted earnings by $5 million in the third quarter of 2007 compared to $38 million in the third quarter of 2006.

Revenues

Consolidated revenues rose 11 percent, or $225 million, to $2.2 billion, reflecting continued strong growth in management and distribution fees, combined with above trend growth in net investment income, primarily from variable annuity-related hedges.

Management, financial advice and service fees grew 22 percent, or $158 million, to $878 million, reflecting continued success in growing assets in fee-based accounts. Wrap account balances grew 33 percent and annuity variable account assets grew 31 percent year-over-year. These balances were driven by strong net inflows and market appreciation.

Distribution fees increased 17 percent, or $52 million, to $352 million. Underlying business activity was strong, with total cash sales increasing 21 percent over the prior-year period.

Net investment income increased 2 percent, or $10 million, to $552 million, reflecting higher net investment income attributable to hedges for variable annuity living benefits, partially offset by expected declines in annuity fixed account and certificate balances. Negative investment income on trading securities was offset by a decrease in the loan loss provision for commercial real estate loans.

Premiums grew 1 percent, or $2 million, to $246 million. Year-over-year growth in our Auto and Home business was offset by declines in long-term care premiums.

Other revenues increased 2 percent, or $3 million, to $174 million, primarily due to higher fees from variable annuity riders and cost of insurance for variable universal life/universal life insurance, which were largely offset by lower other revenues on certain consolidated limited partnerships.

Expenses

Consolidated expenses before separation costs rose 15 percent, or $252 million, to $1.9 billion, primarily driven by higher field compensation due to business growth, the year-over-year impact of DAC unlocking and by benefit expense increases related to variable annuity living benefit riders. The higher benefit expenses were partially offset by the increase in net investment income from related hedges and lower amortization of DAC related to these products.

Compensation and benefits – Non-field and Other expenses combined increased less than 1 percent, or $5 million, to $581 million, year-over-year. This reflects our focus on expense management across multiple quarters to drive pretax income margin expansion.

Compensation and benefits – Field increased 22 percent, or $94 million, to $522 million, due to overall business growth and continued increases in advisor productivity.

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Interest credited to account values declined 11 percent, or $35 million, to $282 million, reflecting continued declines in annuity fixed account and certificate balances.

Benefits, claims, losses and settlement expenses increased 64 percent, or $150 million, to $383 million. Growth was primarily driven by expenses from the mark-to-market of variable annuity living benefit riders, which was partially offset by higher net investment income and a decline in DAC amortization.

Amortization of deferred acquisition costs rose 47 percent, or $41 million, to $128 million, primarily driven by a $16 million increase in the third quarter of 2007 compared to a $38 million decrease in the prior-year period, resulting in a net $54 million increase in amortization from our annual third quarter detailed review. Underlying increases in DAC amortization driven by business growth were offset by lower DAC amortization resulting from the mark-to-market of variable annuity living benefit riders.

We incurred $60 million in separation costs in the quarter and expect to incur approximately $25-30 million in costs in the fourth quarter of 2007, reflecting all remaining separation costs.

Taxes

The effective tax rate on net income was 8.8 percent for the quarter, down from 19.8 percent in the prior-year period. The effective tax rate on adjusted earnings was 14.4 percent for the quarter and 21.7 percent year-to-date. The current quarter included a $21 million tax benefit resulting from our plan to begin repatriating Threadneedle earnings through dividends as a result of their continued strong results. We expect the full year 2007 effective tax rate on adjusted earnings to be approximately 23 percent, compared to 25.2 percent for full year 2006. We expect the 2008 effective tax note to be approximately 26 to 27 percent.

Balance Sheet and Capital

We maintain a very strong, high quality balance sheet. During the third quarter of 2007, we repurchased 2.9 million shares for approximately $171 million. Year-to-date as of September 30, 2007, we repurchased 11.1 million shares for approximately $665 million, leaving approximately $701 million remaining under our current share repurchase authorization. The quarter-end weighted average basic share count was 235.4 million, down from 244.5 million for the third quarter of 2006. The weighted average diluted share count for the third quarter of 2007 was 239.2 million, down from 246.4 million for the third quarter of 2006.

Our commitment to maintain the safety and soundness of our balance sheet is reflected in substantial liquidity, a high quality investment portfolio, low financial leverage and our continuing actions to manage and mitigate risk exposures.

•Cash and cash equivalents were approximately $4.0 billion at September 30, 2007.

•Our investment portfolio remains high quality.

•We recognized no impairments in the quarter.

•We experienced no rating downgrades in our Alt-A or subprime-related securities.

6

•Unrealized net investment losses in the Available-for-Sale investment portfolio were $0.4 billion at quarter end, down from $0.6 billion in the prior quarter.

•The debt to capital ratio as of September 30, 2007 was 22.1 percent. The debt to capital ratio excluding non-recourse debt and with 75 percent equity credit for the hybrid securities was 16.7 percent. For the third quarter of 2007, the ratio of earnings to fixed charges was 6.2 times. Excluding interest on non-recourse debt, the ratio of earnings to fixed charges was 6.7 times.

Ameriprise Financial, Inc.

Segment Results

	Quarter Ended September 30,						%
(in millions, unaudited)	2007			2006			Change
Revenues
Asset Accumulation & Income	$	1,619		$	1,423		14	%
Protection	518			498			4
Corporate and Other and Eliminations	65			56			16
Total revenues	2,202			1,977			11
Income (loss)
Asset Accumulation & Income	259			192			35
Protection	73			151			(52	)
Corporate and Other and Eliminations	(55		)	(39		)	(41	)
Income before income tax provision and separation costs(1)	277			304			(9	)
Income tax provision before tax benefit attributable to separation costs(1)	40			73			(45	)
Income before separation costs(1)	237			231			3
Separation costs, after-tax(1)	39			57			(32	)
Net income	$	198		$	174		14	%

⁽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.

Third Quarter 2007 Segment Results

The AA&I segment reported pretax income growth of 35 percent, or $67 million, to $259 million, primarily due to strong wrap and variable annuity inflows, strong advisor cash sales, and market appreciation, reflected in 20 percent growth in fees. Revenues and expenses in this segment include the negative impact of the mark-to-market on variable annuity benefit riders, related hedges, and amortization of DAC. DAC unlocking had an immaterial impact on AA&I segment results in the quarter. The segment represented 74 percent of consolidated revenues and 94 percent of pretax adjusted earnings.

The Protection segment reported a pretax income decline of 52 percent, or $78 million, to $73 million, primarily due to a net $70 million year-over-year negative impact from the annual DAC unlocking. The increased amortization of DAC in the quarter was primarily due to changes in product persistency assumptions and does not reflect any fundamental deterioration of the business. Overall, Protection segment results reflect an increase insurance in-force and claims meeting expectations. The Protection segment represented 24 percent of consolidated revenues and 26 percent of pretax adjusted earnings.

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The Corporate segment pretax loss improved $11 million to $115 million. Adjusted for non-recurring separation costs, the pretax loss increased $16 million to $55 million. Corporate segment revenue increased 16 percent, or $9 million, primarily reflecting higher advice fees.

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. Our 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. We specialize in meeting the retirement-related financial needs of the mass affluent and affluent. Financial advisory services and investments are available through Ameriprise Financial Services, Inc. Member FINRA and SIPC. For more information, visit ameriprise.com.

RiverSource mutual funds are distributed by RiverSource Distributors, Inc. and Ameriprise Financial Services, Inc., Members FINRA, 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.

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

Ameriprise Financial Services, Inc. offers financial advisory services, investments, insurance and annuity products. RiverSource 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, New York. Only RiverSource Life Insurance Co. of New York is authorized to sell insurance and annuity products in the state of New York. These companies are all part of Ameriprise Financial, Inc. CA License #0684538.

You should consider the investment objectives, risks, charges and expenses of a mutual fund before investing. For a free copy of a prospectus, which contains this and other information about the mutual fund, call (800) 862-7919. Read the prospectus carefully before investing.

Investment products, including shares of mutual funds, 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.

Forward-Looking Statements

This news release contains forward-looking statements that reflect our plans, estimates and beliefs. Actual results could differ materially from those described in these forward-looking statements. We have 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 asset flows, mass affluent and affluent client acquisition strategy, the establishment of our new brands and competitive environment, and consolidated tax rate;

•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.

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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:

•changes in the interest rate and equity market environments;

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

•investment management performance and consumer acceptance of our products;

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

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

•risks of default by issuers of investments we own or by counterparties to derivative or reinsurance arrangements;

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

•the impact of the separation from American Express;

•the impacts of our efforts to improve distribution economics and to grow third-party distribution of our products;

•our ability to establish our new brands and to realize benefits from tax planning; and

•general economic and political factors, including consumer confidence in the economy, and in applicable legislation and regulation, including tax laws, tax treaties and regulatory rulings and pronouncements.

Readers are cautioned that the foregoing list of factors is not exhaustive. There may also be other risks that we are 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. We undertake 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 our Annual Report on Form 10-K filed with the SEC on February 27, 2007.

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 Third Quarter 2007 Statistical Supplement available at ir.ameriprise.com and the tables that follow in this release.

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
Kathryn Koessel	Benjamin Pratt
Ameriprise Financial	Ameriprise Financial
612.678.7610	612.678.5881
kathryn.c.koessel@ampf.com	benjamin.j.pratt@ampf.com

9

Tables

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended September 30, 2007
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)	$	2,202	$	—		$	2,202	Total revenues
Total expenses before separation costs	1,925		60			1,985		Total expenses
Income before income tax provision and separation costs	277		(60		)	217		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs(1)	40		(21		)	19		Income tax provision
Income before separation costs	237
Separation costs, after-tax(1)	39
Net Income (GAAP measure)	$	198				$	198	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 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(1)	73		(30		)	43		Income tax provision
Income before separation costs	231
Separation costs, after-tax(1)	57
Net Income (GAAP measure)	$	174				$	174	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.

10

Tables

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Segment Income Data to GAAP

(in millions, unaudited)	Three Months Ended September 30, 2007
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials			Difference Attributable to Separation Costs		GAAP Equivalent			GAAP Line Item
Revenue (GAAP measure):
Asset Accumulation & Income	$	1,619		$		$	1,619
Protection	518					518
Corporate and Other and Eliminations	65					65
Total revenues (GAAP measure)	2,202					2,202			Total revenues
Income before income tax provision and separation costs:
Asset Accumulation & Income	259					259
Protection	73					73
Corporate and Other and Eliminations	(55		)	(60	)	(115		)
Total income before income tax provision and separation costs	277			(60	)	217			Income before income tax provision
Income tax provision before tax benefit attributable to separation costs(1)	40			(21	)	19			Income tax provision
Income before separation costs	237
Separation costs, after-tax(1)	39
Net Income (GAAP measure)	$	198				$	198		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.

11

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Segment 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
Revenue (GAAP measure):
Asset Accumulation & Income	$	1,423		$		$	1,423
Protection	498					498
Corporate and Other and Eliminations	56					56
Total revenues (GAAP measure)	1,977					1,977			Total revenues
Income before income tax provision and separation costs:
Asset Accumulation & Income	192					192
Protection	151					151
Corporate and Other and Eliminations	(39		)	(87	)	(126		)
Total 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(1)	73			(30	)	43			Income tax provision
Income before separation costs	231
Separation costs, after-tax(1)	57
Net Income (GAAP measure)	$	174				$	174		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.

12

Ameriprise Financial, Inc.

Return on Equity Calculation for the 12 Months Ended September 30, 2007

(in millions, unaudited)	ROE			Adjustments			Adjusted ROE(1)
Return	$	730		$	215		$	945
Equity	$	7,753		$	(102	)	$	7,651
Return on Equity	9.4		%				12.4		%

Ameriprise Financial, Inc.

Return on Equity Calculation for the 12 Months Ended September 30, 2006

(in millions, unaudited)	ROE			Adjustments			Adjusted ROE(1)
Return	$	571		$	236		$	807
Equity	$	7,550		$	(336	)	$	7,214
Return on Equity	7.6		%				11.2		%

⁽¹⁾  Adjusted return on equity calculated using adjusted earnings (income excluding non-recurring separation costs) in the numerator, and equity excluding 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.

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

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

	Three Months Ended September 30, 2007
	(in millions, unaudited)
Ratio of Earnings to Fixed Charges(1)
Earnings	$	256
Fixed charges	$	41
Ratio of earnings to fixed charges	6.2		x
Ratio of Earnings to Fixed Charges without interest expense on non-recourse debt(1)
Earnings	$	256
Interest expense on non-recourse debt:
Interest on debt of CDO consolidated per FIN 46(R)	(3		)
Total earnings	$	253
Fixed charges	$	41
Interest expense on non-recourse debt:
Interest on debt of CDO consolidated per FIN 46(R)	(3		)
Total fixed charges	$	38
Ratio of earnings to fixed charges without interest expense on non-recourse debt	6.7		x

⁽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, 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 Collateralized Debt Obligation consolidated in accordance with FIN 46(R).

Ameriprise Financial, Inc.

Reconciliation Table: Debt to Total Capital

September 30, 2007

(in millions, unaudited)	GAAP Measure			Non-recourse Debt		Debt Less Non-recourse Debt			Impact of 75% Equity Credit(1)		Debt Less Non-recourse with Equity Credit(1)
Debt	$	2,197		$	197	$	2,000		$	375	$	1,625
Capital	$	9,955		$	197	$	9,758				$	9,758
Debt to Capital	22.1		%			20.5		%			16.7		%

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

14

Ameriprise Financial, Inc.

Summary of Disclosed Items as Reported in the Statistical Supplement

Impact on Net Income and Adjusted Earnings

(in millions, unaudited)	Quarter Ended September 30,
	2007			2006
	B/(W)(1)			B/(W)
DAC and related balances *(2)	$	(20	)	$	16
Loan provision reserve adjustment *(3)	15			—
Variable annuity rider impact *(4)	(21		)	3
Investment gains *( 5)	10			9
Trading securities loss *(6)	—			(13		)
Long-term care *(7)	—			10
Income tax benefit *(8)	21			13
Total disclosed items, net of income tax effect	$	5		$	38

*   All after-tax using a 35% marginal tax rate.

⁽¹⁾   Better/(Worse).

⁽²⁾   Annual detailed DAC review (see below).

⁽³⁾  Loan provision reserve adjustment for commercial real estate loans.

⁽⁴⁾  Variable annuity rider benefits impact including hedges. The 2006 after-tax amount of $3 million was not included in the Third Quarter 2006 Summary of Disclosed Items as reported in the Statistical Supplement due to immateriality. However, it is included above to provide comparability with the third quarter 2007 impact.

⁽⁵⁾  Realized net investment gains.

⁽⁶⁾  Write-down of a single externally managed hedge fund investment.

⁽⁷⁾  Adjustment in premiums resulting from a review of our long-term care reinsurance arrangement.

⁽⁸⁾  Income tax impact of APB 23 related to repatriation of Threadneedle earnings for 2007. Decrease in tax expense as a result of the finalization of prior period tax returns for 2006.

© 2007 Ameriprise Financial, Inc. All rights reserved.

# # #

15

EX-99.2

Exhibit 99.2

Statistical Supplement

(unaudited)

Third Quarter 2007

Ameriprise Financial, Inc.

Table of Contents

	Page
Ameriprise Financial, Inc.
Financial Summary	1
Consolidated Income Statements	2
Financial Advisor and Client Metrics	3
Corporate Volumes	4
Consolidated Balance Sheets	5
Investment Detail	6
Selected Balance Sheet Information	7
Adjusted Segment Information	8
Asset Accumulation and Income Segment
Income Statements	9
Revenues by Product	10
Retail Managed Assets Rollforwards	11
Institutional Managed Assets Rollforwards	12
Financial Advisor Managed Assets Rollforwards	13
Owned Assets Related to Variable Products	14
Net Investment Income and Spread Products	15
Selected Asset Management Ranking Information	16
Deferred Acquisition Costs Rollforwards	17
Protection Segment
Income Statements	18
Revenues by Product	19
Selected Statistical Information	20
Product Rollforwards	21
Corporate and Other and Eliminations Segment
Income Statements	22
Capital and Ratings Information	23
Non-GAAP Financial Information and Reclassification	24
Glossary of Selected Terminology	25-27
Exhibit A
RiverSource Mutual Fund Performance and Lipper Ranking	A1 - A5
Exhibit B
Adjusted Earnings Reconciliation Tables	B1 - B10
Exhibit C
Disclosed Items	C1 - C3

Ameriprise Financial, Inc.

Financial Summary

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in millions, except per share amounts, headcount and where noted, unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
EPS - Basic: (1)
Net income	$	0.71		$	0.70		$	0.69		$	0.83		$	0.84		18	%	$	1.86		$	2.35
Separation costs, after-tax	0.23			0.33			0.22			0.17			0.17			(26	)%	0.62			0.57
Adjusted earnings, after-tax	$	0.94		$	1.03		$	0.91		$	1.00		$	1.01		7	%	$	2.48		$	2.92
EPS - Diluted:
Net income	$	0.71		$	0.69		$	0.68		$	0.81		$	0.83		17	%	$	1.85		$	2.32
Separation costs, after-tax	0.23			0.33			0.22			0.17			0.16			(30	)%	0.62			0.55
Adjusted earnings, after-tax	$	0.94		$	1.02		$	0.90		$	0.98		$	0.99		5	%	$	2.47		$	2.87
Management’s financial targets and performance:
Adjusted revenue growth: Target 6 - 8%	4.9		%	15.6		%	5.8		%	6.3		%	11.4		%			9.2		%	7.8		%
Adjusted earnings per diluted share growth: Target 12 - 15%	28.8		%	32.5		%	20.0		%	24.1		%	5.3		%			21.7		%	16.2		%
Adjusted return on equity: Target 12 - 15%	11.2		%	11.8		%	12.2		%	12.5		%	12.4		%			11.2		%	12.4		%
Contribution margin	50.5		%	51.9		%	51.9		%	50.9		%	46.1		%			51.2		%	49.6		%
Net income margin	8.8		%	7.9		%	8.0		%	9.0		%	9.0		%			7.7		%	8.7		%
Effective tax rate on net income	19.8		%	15.5		%	23.6		%	20.0		%	8.8		%			22.6		%	17.6		%
Effective tax rate on adjusted earnings	24.0		%	23.0		%	26.9		%	23.1		%	14.4		%			26.1		%	21.7		%
Return on equity	7.6		%	8.3		%	8.6		%	9.2		%	9.4		%			7.6		%	9.4		%
Debt to total capital	22.5		%	21.9		%	22.3		%	22.4		%	22.1		%			22.5		%	22.1		%
Debt to total capital excluding non-recourse debt	20.5		%	20.2		%	20.6		%	20.8		%	20.5		%			20.5		%	20.5		%
Debt to total capital excluding non-recourse debt and 75% equity credit	16.7		%	16.4		%	16.7		%	16.9		%	16.7		%			16.7		%	16.7		%
Business metrics summary:
Owned, managed and administered assets (in billions)	$	440.0		$	466.1		$	473.9		$	483.9		$	492.0		12	%	$	440.0		$	492.0
Total financial advisors	12,427			12,592			12,342			12,076			12,003			(3	)%	12,427			12,003
Clients with a financial plan percentage	44		%	45		%	45		%	45		%	45		%			44		%	45		%
Total clients (in thousands)	2,779			2,786			2,774			2,781			2,784			—		2,779			2,784
Gross dealer concession	$	545		$	596		$	624		$	653		$	620		14	%	$	1,617		$	1,897
Employee base:
Field (employee advisors)	3,063			3,178			2,987			2,731			2,541			(17	)%	3,063			2,541
Non-field	8,647			8,680			8,960			8,904			8,828			2	%	8,647			8,828
Common shares outstanding	242.1			241.4			236.6			235.3			232.4			(4	)%	242.1			232.4
Weighted average common shares outstanding:
Basic	244.5			243.3			240.7			237.4			235.4			(4	)%	247.6			237.8
Diluted	246.4			246.3			244.1			241.0			239.2			(3	)%	249.3			241.4
Book value:
Book value	$	7,753		$	7,925		$	7,731		$	7,600		$	7,758		—		$	7,753		$	7,758
Book value, excluding the impact of accumulated other comprehensive income (OCI)	7,979			8,134			7,874			7,955			8,007			—		7,979			8,007
Book value per common share outstanding	32.02			32.83			32.68			32.30			33.38			4	%	32.02			33.38
Book value per common share outstanding, excluding the impact of OCI	$	32.96		$	33.70		$	33.28		$	33.81		$	34.45		5	%	$	32.96		$	34.45

(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

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in millions, unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
Revenues
Management, financial advice and service fees	$	720		$	814		$	791		$	863		$	878		22	%	$	2,151		$	2,532
Distribution fees	300			374			344			415			352			17	%	926			1,111
Net investment income	542			566			518			485			552			2	%	1,638			1,555
Premiums	244			239			236			243			246			1	%	693			725
Other revenues	171			168			174			176			174			2	%	571			524
Total revenues	1,977			2,161			2,063			2,182			2,202			11	%	5,979			6,447
Expenses
Compensation and benefits:
Field	428			478			486			538			522			22	%	1,287			1,546
Non-field	328			374			356			367			333			2	%	974			1,056
Total compensation and benefits	756			852			842			905			855			13	%	2,261			2,602
Interest credited to account values	317			316			287			303			282			(11	)%	948			872
Benefits, claims, losses and settlement expenses	233			245			219			230			383			64	%	685			832
Amortization of deferred acquisition costs	87			104			134			125			128			47	%	368			387
Interest and debt expense	32			33			32			32			29			(9	)%	83			93
Other expenses	248			285			248			279			248			—		802			775
Total expenses before separation costs (1)	1,673			1,835			1,762			1,874			1,925			15	%	5,147			5,561
Income before income tax provision and separation costs (1)	304			326			301			308			277			(9	)%	832			886
Income tax provision before tax benefit attributable to separation costs (1)	73			75			81			71			40			(45	)%	217			192
Income before separation costs (1)	231			251			220			237			237			3	%	615			694
Separation costs, after-tax (1)	57			80			55			41			39			(32	)%	155			135
Net income	$	174		$	171		$	165		$	196		$	198		14	%	$	460		$	559
Other Information
Net investment gains, after-tax	$	9		$	17		$	6		$	1		$	10		11	%	$	16		$	17
Dividends paid	$	27		$	26		$	27		$	36		$	35		30	%	$	82		$	98
Contribution margin	50.5		%	51.9		%	51.9		%	50.9		%	46.1		%			51.2		%	49.6		%

⁽¹⁾ See non-GAAP Financial Information.

# Variance of 100% or greater.

2

Ameriprise Financial, Inc.

Financial Advisor and Client Metrics

																3Q ’07 vs. 3Q ’06		Year-to-Date
(unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
Financial Advisors
Employee advisors	3,063			3,178			2,987			2,731			2,541			(17	)%	3,063			2,541
Franchisee advisors	7,571			7,651			7,611			7,642			7,712			2	%	7,571			7,712
Total branded financial advisors	10,634			10,829			10,598			10,373			10,253			(4	)%	10,634			10,253
Securities America, Inc. registered representatives	1,793			1,763			1,744			1,703			1,750			(2	)%	1,793			1,750
Total financial advisors	12,427			12,592			12,342			12,076			12,003			(3	)%	12,427			12,003
Employee advisor retention	63		%	63		%	63		%	62		%	61		%			63		%	61		%
Franchisee advisor retention	93		%	93		%	93		%	93		%	93		%			93		%	93		%
Gross dealer concession per branded advisor (in thousands)	$	45.0		$	49.2		$	51.1		$	54.3		$	52.7		17	%	$	133.5		$	158.1
Client Relationships
Total clients (in thousands)	2,779			2,786			2,774			2,781			2,784			—		2,779			2,784
Client retention	93		%	93		%	93		%	94		%	94		%			93		%	94		%
Branded advisor clients (in thousands)	2,480			2,482			2,466			2,466			2,464			(1	)%	2,480			2,464
Clients with a financial plan percentage	44		%	45		%	45		%	45		%	45		%			44		%	45		%
Financial plans sold (in thousands)	55			61			66			59			50			(9	)%	176			175

#  Variance of 100% or greater.

3

Ameriprise Financial, Inc.

Corporate Volumes

											3Q ’07 vs. 3Q ’06		Year-to-Date
(in millions unless otherwise noted, unaudited)	3 Qtr 2006		4 Qtr 2006		1 Qtr 2007		2 Qtr 2007		3 Qtr 2007		% Change		2006		2007
Owned, managed and administered assets (in billions)
Owned assets	$	92.7	$	97.2	$	98.2	$	100.9	$	102.8	11	%	$	92.7	$	102.8
Managed assets	283.4		299.8		305.3		310.5		315.4		11	%	283.4		315.4
Administered assets	63.9		69.1		70.4		72.5		73.8		15	%	63.9		73.8
Total owned, managed and administered assets	$	440.0	$	466.1	$	473.9	$	483.9	$	492.0	12	%	$	440.0	$	492.0
Ending RiverSource Managed Assets (in billions)	$	152.4	$	156.7	$	156.3	$	159.2	$	161.3	6	%	$	152.4	$	161.3
Cash Sales
By product:
Mutual funds and non-proprietary SPS wrap net flows	$	8,028	$	8,574	$	10,617	$	11,590	$	11,153	39	%	$	26,697	$	33,360
Annuities	3,341		3,257		3,296		3,594		3,273		(2	)%	9,686		10,163
Investment certificates	382		696		236		220		174		(54	)%	1,190		630
Life and other insurance products	273		274		274		278		281		3	%	827		833
Institutional products and services	1,912		2,485		2,517		1,159		1,864		(3	)%	5,952		5,540
Other	455		1,275		731		1,295		652		43	%	1,295		2,678
Total	$	14,391	$	16,561	$	17,671	$	18,136	$	17,397	21	%	$	45,647	$	53,204
By channel:
Branded advisor cash sales and wrap net flows	$	7,761	$	9,465	$	9,706	$	11,318	$	8,941	15	%	$	24,966	$	29,965
Securities America, Inc.	1,950		1,805		2,234		2,257		2,127		9	%	6,111		6,618
Third-party distribution	427		427		407		470		617		44	%	1,130		1,494
Institutional	1,197		1,817		1,834		921		1,480		24	%	4,423		4,235
Threadneedle	2,705		2,676		3,094		2,789		3,855		43	%	7,883		9,738
All other (AEB, etc.)	351		371		396		381		377		7	%	1,134		1,154
Total	$	14,391	$	16,561	$	17,671	$	18,136	$	17,397	21	%	$	45,647	$	53,204
Total gross dealer concession	$	545	$	596	$	624	$	653	$	620	14	%	$	1,617	$	1,897

#  Variance of 100% or greater.

4

Ameriprise Financial, Inc.

Consolidated Balance Sheets

	September 30,			December 31,			March 31,			June 30,			September 30,
(in millions, unaudited)	2006			2006			2007			2007			2007
Assets
Cash and cash equivalents	$	3,309		$	2,717		$	2,413		$	3,303		$	3,972
Investments	36,198			35,553			34,446			31,704			31,161
Separate account assets	48,834			53,848			56,281			60,470			62,371
Receivables	2,504			2,960			3,022			3,207			3,079
Deferred acquisition costs	4,423			4,499			4,337			4,462			4,502
Restricted and segregated cash	1,059			1,236			1,175			1,277			1,206
Other assets	3,177			3,359			3,486			3,709			3,563
Total assets	$	99,504		$	104,172		$	105,160		$	108,132		$	109,854
Liabilities
Future policy benefits and claims	$	30,794		$	30,033		$	29,153		$	28,318		$	28,051
Separate account liabilities	48,834			53,848			56,281			60,470			62,371
Customer deposits	6,563			6,707			6,483			6,055			6,029
Debt	2,254			2,225			2,225			2,197			2,197
Accounts payable and accrued expenses	1,735			1,788			1,672			1,850			1,688
Other liabilities	1,571			1,646			1,615			1,642			1,760
Total liabilities	91,751			96,247			97,429			100,532			102,096
Shareholders’ Equity
Common shares ($.01 par)	3			3			3			3			3
Additional paid-in capital	4,291			4,353			4,468			4,533			4,593
Retained earnings	4,123			4,268			4,268			4,428			4,591
Treasury stock	(438		)	(490		)	(865		)	(1,009		)	(1,180		)
Accumulated other comprehensive income (loss), net of tax	(226		)	(209		)	(143		)	(355		)	(249		)
Total shareholders’ equity	7,753			7,925			7,731			7,600			7,758
Total liabilities and shareholders’ equity	$	99,504		$	104,172		$	105,160		$	108,132		$	109,854

5

Ameriprise Financial, Inc.

Investment Detail

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in millions unless otherwise noted, unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006		2007
Net Investment Income
Investment income on fixed maturities	$	524		$	531		$	515		$	493		$	474		(10	)%	$	1,589	$	1,482
Realized gains (losses)	14			27			9			2			15			7	%	24		26
Income related to interest credited and benefits line hedges	18			15			(3		)	(6		)	64				#	6		55
Other (including seed money)	(14		)	(7		)	(3		)	(4		)	(1		)	93	%	19		(8		)
Total net investment income	$	542		$	566		$	518		$	485		$	552		2	%	$	1,638	$	1,555
Equity by Legal Entity
RiverSource Life Insurance Company	$	5,227		$	5,270		$	5,167		$	5,000		$	4,650		(11	)%
IDS Property Casualty Insurance Company	534			557			575			569			588			10	%
Ameriprise Certificate Company	234			230			229			199			187			(20	)%
Ameriprise Bank, FSB	172			169			172			172			165			(4	)%
Other	1,586			1,699			1,588			1,660			2,168			37	%
Total equity by legal entity	$	7,753		$	7,925		$	7,731		$	7,600		$	7,758		—
Mortgage and Other Asset-Backed Securities Portfolio Detail - Fair Value (in billions)
RiverSource Life Consolidated
Mortgage backed securities	$	5.7		$	5.4		$	5.2		$	4.4		$	4.3		(25	)%
Commercial mortgage backed securities	3.0			2.9			2.9			2.7			2.7			(10	)%
Asset backed securities	0.9			1.0			0.8			0.8			0.7			(22	)%
Total	$	9.6		$	9.3		$	8.9		$	7.9		$	7.7		(20	)%
Ameriprise Financial, Inc.
Mortgage backed securities	$	7.8		$	7.7		$	7.4		$	6.5		$	6.3		(19	)%
Commercial mortgage backed securities	3.4			3.4			3.3			3.2			3.1			(9	)%
Asset backed securities	1.3			1.2			1.3			1.0			1.0			(23	)%
Total	$	12.5		$	12.3		$	12.0		$	10.7		$	10.4		(17	)%
Mortgage Loans on Real Estate
Mortgage loans on real estate	$	3,111		$	3,096		$	3,031		$	3,004		$	3,025		(3	)%
Allowance for loan losses	(40		)	(40		)	(40		)	(40		)	(18		)	55	%
Mortgage loans on real estate, net	$	3,071		$	3,056		$	2,991		$	2,964		$	3,007		(2	)%

#  Variance of 100% or greater.

6

Ameriprise Financial, Inc.

Selected Balance Sheet Information

	3 Qtr 2006						4 Qtr 2006						1 Qtr 2007						2 Qtr 2007						3 Qtr 2007
(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		%	0.1		%	0.1		%	0.1		%	0.1		%
Fixed income	34.2		%	33.9		%	31.9		%	31.7		%	30.4		%	30.3		%	27.2		%	26.8		%	26.1		%	25.8		%
Separate accounts	52.4		%	52.6		%	55.2		%	55.4		%	57.2		%	57.3		%	59.5		%	59.9		%	60.4		%	60.7		%
Other	13.3		%	13.4		%	12.8		%	12.8		%	12.3		%	12.3		%	13.2		%	13.2		%	13.4		%	13.4		%
Available-for-Sale (AFS) Investments
Corporate debt securities	$	17.5		$	17.3		$	17.0		$	16.8		$	16.3		$	16.1		$	15.1		$	14.7		$	14.8		$	14.5
Mortgage and other asset-backed securities	12.7			12.5			12.5			12.3			12.1			12.0			11.0			10.7			10.6			10.4
State and municipal obligations	1.0			1.1			1.0			1.1			1.1			1.1			1.1			1.1			1.1			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			—			0.1
Other debt	0.1			—			0.1			0.1			—			—			—			—			—			—
Total AFS investments	$	31.9		$	31.5		$	31.2		$	30.9		$	30.0		$	29.8		$	27.7		$	27.1		$	27.0		$	26.6
AFS Fixed Maturity Asset Quality
AAA	43		%				43		%				44		%				44		%				43		%
AA	8		%				9		%				10		%				10		%				11		%
A	18		%				17		%				16		%				16		%				16		%
BBB	24		%				24		%				24		%				24		%				24		%
Below investment grade	7		%				7		%				6		%				6		%				6		%
SFAS 115 related mark-to-market amount in assets, pretax	$	(0.4	)				$	(0.3	)				$	(0.2	)				$	(0.6	)				$	(0.4	)

7

Ameriprise Financial, Inc.

Adjusted Segment Information

Excluding Separation Costs

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in millions unless otherwise noted, unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
Revenues
Asset Accumulation and Income	$	1,423		$	1,590		$	1,497		$	1,616		$	1,619		14	%	$	4,338		$	4,732
Protection	498			502			500			508			518			4	%	1,467			1,526
Corporate and Other and Eliminations	56			69			66			58			65			16	%	174			189
Total revenues	1,977			2,161			2,063			2,182			2,202			11	%	5,979			6,447
Expenses
Asset Accumulation and Income	1,231			1,341			1,265			1,338			1,360			10	%	3,696			3,963
Protection	347			396			399			406			445			28	%	1,150			1,250
Adjusted Corporate and Other and Eliminations	95			98			98			130			120			26	%	301			348
Total adjusted expenses	1,673			1,835			1,762			1,874			1,925			15	%	5,147			5,561
Pretax Segment Income
Asset Accumulation and Income	192			249			232			278			259			35	%	642			769
Protection	151			106			101			102			73			(52	)%	317			276
Adjusted Corporate and Other and Eliminations	(39		)	(29		)	(32		)	(72		)	(55		)	(41	)%	(127		)	(159		)
Total adjusted pretax segment income	$	304		$	326		$	301		$	308		$	277		(9	)%	$	832		$	886
Allocated Equity
Asset Accumulation and Income	$	3,910		$	3,811		$	3,640		$	3,556		$	3,465		(11	)%	$	3,910		$	3,465
Protection	2,246			2,261			2,280			2,251			2,199			(2	)%	2,246			2,199
Corporate and Other and Eliminations	1,823			2,062			1,954			2,148			2,343			29	%	1,823			2,343
Other comprehensive income	(226		)	(209		)	(143		)	(355		)	(249		)	(10	)%	(226		)	(249		)
Total shareholders’ equity	$	7,753		$	7,925		$	7,731		$	7,600		$	7,758		—		$	7,753		$	7,758
Gross Dealer Concession
Asset Accumulation and Income	$	446		$	487		$	514		$	545		$	523		17	%	$	1,312		$	1,582
Protection	51			54			51			53			48			(6	)%	155			152
Corporate and Other and Eliminations	48			55			59			55			49			2	%	150			163
Total gross dealer concession	$	545		$	596		$	624		$	653		$	620		14	%	$	1,617		$	1,897
Owned, Managed and Administered Assets (in billions)
Owned Assets
Asset Accumulation and Income	$	76.0		$	79.7		$	80.3		$	83.1		$	82.7		9	%	$	76.0		$	82.7
Protection	14.6			15.2			16.0			15.8			17.7			21	%	14.6			17.7
Corporate and Other and Eliminations	2.1			2.3			1.9			2.0			2.4			14	%	2.1			2.4
Total owned assets	92.7			97.2			98.2			100.9			102.8			11	%	92.7			102.8
Managed Assets
Asset Accumulation and Income	283.4			299.8			305.3			310.5			315.4			11	%	283.4			315.4
Total managed assets	283.4			299.8			305.3			310.5			315.4			11	%	283.4			315.4
Administered Assets
Asset Accumulation and Income	63.9			69.1			70.4			72.5			73.8			15	%	63.9			73.8
Total administered assets	63.9			69.1			70.4			72.5			73.8			15	%	63.9			73.8
Total owned, managed and administered assets	$	440.0		$	466.1		$	473.9		$	483.9		$	492.0		12	%	$	440.0		$	492.0

#  Variance of 100% or greater.

8

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment
Income Statements

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in millions, unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
Revenues
Management, financial advice and service fees	$	657		$	749		$	718		$	788		$	789		20	%	$	1,957		$	2,295
Distribution fees	272			344			317			386			323			19	%	842			1,026
Net investment income	443			454			415			392			456			3	%	1,345			1,263
Other revenues	51			43			47			50			51			—		194			148
Total revenues	1,423			1,590			1,497			1,616			1,619			14	%	4,338			4,732
Expenses
Compensation and benefits - field	370			425			419			472			448			21	%	1,112			1,339
Interest credited to account values	281			279			253			267			246			(12	)%	840			766
Benefits, claims, losses and settlement expenses	3			22			(8		)	7			150				#	19			149
Amortization of deferred acquisition costs	98			63			99			85			60			(39	)%	276			244
Interest and debt expense	4			3			3			3			3			(25	)%	12			9
Other expenses	475			549			499			504			453			(5	)%	1,437			1,456
Total expenses	1,231			1,341			1,265			1,338			1,360			10	%	3,696			3,963
Pretax segment income	$	192		$	249		$	232		$	278		$	259		35	%	$	642		$	769
Other Information
Net investment gains, pretax	$	12		$	21		$	8		$	1		$	12		—		$	19		$	21
Contribution margin	54.0		%	54.3		%	55.6		%	53.8		%	47.9		%			54.6		%	52.4		%
Allocated equity	$	3,910		$	3,811		$	3,640		$	3,556		$	3,465		(11	)%	$	3,910		$	3,465
Return on allocated equity for pretax segment income	21.8		%	23.2		%	23.6		%	25.4		%	27.7		%			21.8		%	27.7		%

# Variance of 100% or greater.

9

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment
Revenues by Product

											3Q ’07 vs. 3Q ’06		Year-to-Date
(in millions, unaudited)	3 Qtr 2006		4 Qtr 2006		1 Qtr 2007		2 Qtr 2007		3 Qtr 2007		% Change		2006		2007
Revenues
Management, financial advice and service fees
Asset management	$	294	$	347	$	294	$	325	$	310	5	%	$	883	$	929
Variable annuities	150		171		177		194		202		35	%	434		573
Fixed annuities	2		1		2		2		2		—		5		6
Brokerage, banking and other	211		230		245		267		275		30	%	635		787
Total management, financial advice and service fees	657		749		718		788		789		20	%	1,957		2,295
Distribution fees
Asset management	37		39		39		40		33		(11	)%	125		112
Variable annuities	10		8		10		10		10		—		30		30
Fixed annuities	2		2		2		2		2		—		8		6
Brokerage, banking and other	223		295		266		334		278		25	%	679		878
Total distribution fees	272		344		317		386		323		19	%	842		1,026
Net investment income
Asset management	22		3		12		15		3		(86	)%	37		30
Variable annuities	67		63		54		26		107		60	%	206		187
Fixed annuities	267		288		258		254		262		(2	)%	849		774
Certificates	70		70		61		64		57		(19	)%	204		182
Brokerage, banking and other	17		30		30		33		27		59	%	49		90
Total net investment income	443		454		415		392		456		3	%	1,345		1,263
Other revenues
Asset management	28		20		18		16		9		(68	)%	135		43
Variable annuities	12		14		16		23		25			#	33		64
Brokerage, banking and other	11		9		13		11		17		55	%	26		41
Total other revenues	51		43		47		50		51		—		194		148
Total revenues	$	1,423	$	1,590	$	1,497	$	1,616	$	1,619	14	%	$	4,338	$	4,732
Total revenues
Asset management	$	381	$	409	$	363	$	396	$	355	(7	)%	$	1,180	$	1,114
Variable annuities	239		256		257		253		344		44	%	703		854
Fixed annuities	271		291		262		258		266		(2	)%	862		786
Certificates	70		70		61		64		57		(19	)%	204		182
Brokerage, banking and other	462		564		554		645		597		29	%	1,389		1,796
Total revenues	$	1,423	$	1,590	$	1,497	$	1,616	$	1,619	14	%	$	4,338	$	4,732

#  Variance of 100% or greater.

10

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment
Retail Managed Assets Rollforwards

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in billions, unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
RiverSource Managed Funds
Beginning assets	$	76.4		$	78.2		$	81.7		$	82.1		$	87.0		14	%	$	76.6		$	81.7
Sales	4.5			4.2			4.4			5.5			6.1			36	%	11.9			16.0
Redemptions	(4.9		)	(5.1		)	(4.9		)	(5.1		)	(5.7		)	(16	)%	(15.1		)	(15.7		)
Market appreciation	2.4			4.6			1.2			4.2			1.2			(50	)%	4.8			6.6
Other	(0.2		)	(0.2		)	(0.3		)	0.3			—				#	—			—
Total ending assets	$	78.2		$	81.7		$	82.1		$	87.0		$	88.6		13	%	$	78.2		$	88.6
Percent of Ending Assets Subadvised by Others	10		%	11		%	11		%	11		%	11		%			10		%	11		%
RiverSource Managed Funds by Type
Equity mutual funds	$	37.4		$	39.0		$	38.6		$	41.1		$	41.1		10	%	$	37.4		$	41.1
Variable product funds (1)	20.6			22.2			22.8			24.7			25.5			24	%	20.6			25.5
Taxable fixed income mutual funds	8.1			8.0			8.2			8.4			8.7			7	%	8.1			8.7
Tax-exempt fixed income mutual funds	4.9			4.8			4.6			4.4			4.2			(14	)%	4.9			4.2
Money market mutual funds	4.3			4.5			4.6			4.9			5.3			23	%	4.3			5.3
Hybrid and other mutual funds	2.9			3.2			3.3			3.5			3.8			31	%	2.9			3.8
Total ending assets	$	78.2		$	81.7		$	82.1		$	87.0		$	88.6		13	%	$	78.2		$	88.6
Threadneedle Managed Mutual Funds
Beginning assets	$	14.9		$	15.6		$	16.6		$	16.8		$	17.9		20	%	$	14.0		$	16.6
Sales	1.2			1.3			1.7			1.9			2.5				#	3.8			6.1
Redemptions	(1.5		)	(1.9		)	(1.9		)	(1.8		)	(2.5		)	(67	)%	(4.5		)	(6.2		)
Market appreciation	0.6			0.9			0.4			0.5			0.1			(83	)%	1.0			1.0
Foreign currency translation	0.4			0.7			0.1			0.4			0.3			(25	)%	1.1			0.8
Other	—			—			(0.1		)	0.1			0.1			—		0.2			0.1
Total ending assets	$	15.6		$	16.6		$	16.8		$	17.9		$	18.4		18	%	$	15.6		$	18.4
Threadneedle Managed Mutual Funds by Type
Equity mutual funds	$	11.5		$	12.2		$	12.3		$	13.1		$	13.6		18	%	$	11.5		$	13.6
Fixed income mutual funds	3.1			3.3			3.4			3.3			3.3			6	%	3.1			3.3
Money market mutual funds	0.3			0.3			0.2			0.4			0.5			67	%	0.3			0.5
Hybrid and other mutual funds	0.7			0.8			0.9			1.1			1.0			43	%	0.7			1.0
Total ending assets	$	15.6		$	16.6		$	16.8		$	17.9		$	18.4		18	%	$	15.6		$	18.4
RiverSource Collective Funds
Beginning assets	$	10.9		$	11.0		$	10.2		$	10.0		$	9.6		(12	)%	$	11.3		$	10.2
Net flows	(0.2		)	(1.1		)	(0.3		)	(0.6		)	(0.4		)		#	(0.8		)	(1.3		)
Market appreciation	0.2			0.3			0.1			0.2			0.2			—		0.5			0.5
Other	0.1			—			—			—			(0.1		)		#	—			(0.1		)
Total ending assets	$	11.0		$	10.2		$	10.0		$	9.6		$	9.3		(15	)%	$	11.0		$	9.3

⁽¹⁾Difference between Variable product funds and Variable product liabilities, as shown on page 14,  represents a timing difference of dividends declared and reinvested into the funds.

#  Variance of 100% or greater.

11

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment
Institutional Managed Assets Rollforwards

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in billions, unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
RiverSource Managed Institutional Accounts
Beginning assets	$	27.3		$	26.9		$	27.9		$	28.7		$	29.1		7	%	$	27.2		$	27.9
Sales	0.9			1.8			1.8			1.4			1.3			44	%	3.0			4.5
Redemptions	(1.7		)	(0.9		)	(1.1		)	(1.0		)	(1.0		)	41	%	(3.1		)	(3.1		)
Market appreciation	0.3			0.2			0.1			—			0.2			(33	)%	0.3			0.3
Other	0.1			(0.1		)	—			—			0.1			—		(0.5		)	0.1
Total ending assets	$	26.9		$	27.9		$	28.7		$	29.1		$	29.7		10	%	$	26.9		$	29.7
RiverSource Managed Institutional Assets by Type
Equity ending assets	$	2.6		$	2.9		$	3.0		$	3.1		$	3.2		23	%	$	2.6		$	3.2
Fixed income ending assets	23.8			24.1			25.2			25.4			25.4			7	%	23.8			25.4
Money market ending assets	0.4			0.8			0.4			0.6			1.1			#		0.4			1.1
Other ending assets	0.1			0.1			0.1			—			—			#		0.1			—
Total ending assets	$	26.9		$	27.9		$	28.7		$	29.1		$	29.7		10	%	$	26.9		$	29.7
Threadneedle Managed Institutional Accounts
Beginning assets	$	105.2		$	108.0		$	115.1		$	115.5		$	110.7		5	%	$	99.6		$	115.1
Sales	5.4			5.9			5.3			5.4			5.3			(2	)%	15.8			16.0
Redemptions	(7.6		)	(7.9		)	(7.4		)	(15.7		)	(8.4		)	(11	)%	(19.9		)	(31.5		)
Market appreciation	1.6			3.0			1.1			1.9			0.9			(44	)%	2.3			3.9
Foreign currency translation	2.8			5.0			0.5			2.4			2.1			(25	)%	7.9			5.0
Other	0.6			1.1			0.9			1.2			0.9			50	%	2.3			3.0
Total ending assets	$	108.0		$	115.1		$	115.5		$	110.7		$	111.5		3	%	$	108.0		$	111.5
Threadneedle Managed Institutional Assets by Type
Equity ending assets	$	54.0		$	57.8		$	57.8		$	57.7		$	56.4		4	%	$	54.0		$	56.4
Fixed income ending assets	36.9			38.4			39.8			32.2			34.2			(7	)%	36.9			34.2
Money market ending assets	5.1			6.0			4.6			6.9			6.7			31	%	5.1			6.7
Other ending assets	12.0			12.9			13.3			13.9			14.2			18	%	12.0			14.2
Total ending assets	$	108.0		$	115.1		$	115.5		$	110.7		$	111.5		3	%	$	108.0		$	111.5

#  Variance of 100% or greater.

12

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment
Financial Advisor Managed Assets Rollforwards

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in billions, unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
Ameriprise Wrap Accounts
Beginning assets	$	56.7		$	59.9		$	65.9		$	69.9		$	76.2		34	%	$	49.7		$	65.9
Mutual fund net flows	1.2			1.3			2.5			2.9			2.0			67	%	5.0			7.4
Market appreciation (depreciation) and other	2.0			4.7			1.5			3.4			1.4			(30	)%	5.2			6.3
Total ending assets	$	59.9		$	65.9		$	69.9		$	76.2		$	79.6		33	%	$	59.9		$	79.6
Non-fee earning cash balances as a percent of ending assets	5.8		%	6.2		%	5.8		%	5.4		%	5.7		%			5.8		%	5.7		%
SAI Wrap Accounts
Beginning assets	$	9.8		$	10.2		$	10.5		$	11.9		$	12.9		32	%	$	8.0		$	10.5
Net flows	0.3			0.3			0.5			0.6			0.6				#	1.5			1.7
Market appreciation (depreciation) and other	0.1			—			0.9			0.4			(0.2		)		#	0.7			1.1
Total ending assets	$	10.2		$	10.5		$	11.9		$	12.9		$	13.3		30	%	$	10.2		$	13.3

# Variance of 100% or greater.

13

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment
Owned Assets Related to Variable Products

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in billions, unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
Variable Annuities (1)
Beginning balance	$	36.7		$	39.3		$	43.5		$	45.8		$	49.7		35	%	$	33.2		$	43.5
Deposits	2.4			2.6			2.6			2.8			2.5			4	%	7.0			7.9
Withdrawals and surrenders	(1.0		)	(1.1		)	(1.2		)	(1.3		)	(1.2		)	(20	)%	(3.2		)	(3.7		)
Net flows	1.4			1.5			1.4			1.5			1.3			(7	)%	3.8			4.2
Investment performance and interest credited	1.1			2.5			0.7			2.2			0.8			(27	)%	2.2			3.7
Other	0.1			0.2			0.2			0.2			(0.2		)		#	0.1			0.2
Total ending balance - contract reserves	$	39.3		$	43.5		$	45.8		$	49.7		$	51.6		31	%	$	39.3		$	51.6
Assets Managed by RiverSource
Variable annuity separate account liabilities	$	18.1		$	19.7		$	20.5		$	21.9		$	22.6		25	%
Variable universal life liabilities (2)	2.4			2.6			2.6			2.8			2.9			21	%
Assets Managed by Threadneedle	$	4.2		$	4.6		$	4.5		$	4.5		$	4.3		2	%

⁽¹⁾The fixed portion of the Variable annuities product is included in the Fixed annuities product account values on page 15.

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

#    Variance of 100% or greater.

14

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment
Net Investment Income and Spread Products

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in millions, unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
Net Investment Income
Realized gains (losses)	$	12		$	21		$	8		$	1		$	12		—		$	19		$	21
Income related to interest credited and benefits line hedges	18			15			(3		)	(6		)	64				#	6			55
Net investment income	$	443		$	454		$	415		$	392		$	456		3	%	$	1,345		$	1,263
Certificates
Beginning balance	$	4,863		$	4,608		$	4,720		$	4,561		$	4,167		(14	)%	$	5,649		$	4,720
Deposits	390			706			238			224			176			(55	)%	1,239			638
Withdrawals and surrenders	(700		)	(653		)	(447		)	(673		)	(479		)	32	%	(2,431		)	(1,599		)
Net flows	(310		)	53			(209		)	(449		)	(303		)	2	%	(1,192		)	(961		)
Interest credited	56			58			51			55			46			(18	)%	153			152
Other	(1		)	1			(1		)	—			(1		)	—		(2		)	(2		)
Total ending balance	$	4,608		$	4,720		$	4,561		$	4,167		$	3,909		(15	)%	$	4,608		$	3,909
Asset earnings rate	4.92		%	4.90		%	4.97		%	5.00		%	4.96		%			4.91		%	4.98		%
Crediting rate	(3.92		)%	(4.15		)%	(4.28		)%	(4.29		)%	(4.22		)%			(3.68		)%	(4.27		)%
Spread (1)	1.00		%	0.75		%	0.69		%	0.71		%	0.74		%			1.23		%	0.71		%
Annuities Fixed Account Balances
Beginning balance	$	24,801		$	23,977		$	23,133		$	22,218		$	21,316		(14	)%	$	26,126		$	23,133
Deposits	232			183			129			173			203			(13	)%	690			505
Withdrawals and surrenders	(1,238		)	(1,237		)	(1,247		)	(1,254		)	(1,174		)	5	%	(3,474		)	(3,675		)
Net flows	(1,006		)	(1,054		)	(1,118		)	(1,081		)	971			3	%	(2,784		)	(3,170		)
Policyholder interest credited	228			223			205			214			200			(12	)%	694			619
Other (2)	(46		)	(13		)	(2		)	(35		)	280				#	(59		)	243
Total ending balance	$	23,977		$	23,133		$	22,218		$	21,316		$	20,825		(13	)%	$	23,977		$	20,825
Capitalized Interest	$	3		$	2		$	2		$	2		$	2		(33	)%	$	8		$	6
Ending Balance Attributable to Variable Annuities Fixed Sub-Accounts	$	6,277		$	5,975		$	5,674		$	5,416		$	5,542		(12	)%	$	6,277		$	5,542
Asset earnings rate	5.21		%	5.57		%	5.56		%	5.48		%	5.42		%			5.57		%	5.49		%
Crediting rate	(3.56		)%	(3.57		)%	(3.56		)%	(3.56		)%	(3.55		)%			(3.55		)%	(3.56		)%
Spread (3)	1.65		%	2.00		%	2.00		%	1.92		%	1.87		%			2.02		%	1.93		%

⁽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⁾Other includes capitalized interest, change in FAS 115 shadow reserve for payout annuities and in Q3 2007, includes a $281 million transfer from the variable sub-account to the fixed sub-account for certain variable annuity products.

⁽³⁾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.

15

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment
Selected Asset Management Ranking Information

	3 Qtr 2006		4 Qtr 2006		1 Qtr 2007		2 Qtr 2007		3 Qtr 2007
RiverSource Mutual Fund Rankings in Top 2 Lipper Quartiles
Equal Weighted
Equity - 12 month	73	%	77	%	56	%	70	%	65	%
Fixed Income - 12 month	78	%	72	%	83	%	88	%	83	%
Taxable Fixed Income - 12 month	78	%	67	%	86	%	87	%	87	%
Tax-exempt Fixed Income - 12 month	78	%	78	%	78	%	89	%	78	%
Equity - 3 year	58	%	63	%	65	%	65	%	73	%
Fixed Income - 3 year	47	%	53	%	44	%	44	%	39	%
Taxable Fixed Income - 3 year	75	%	75	%	67	%	67	%	67	%
Tax-exempt Fixed Income - 3 year	22	%	33	%	22	%	22	%	11	%
Asset Weighted
Equity - 12 month	70	%	89	%	58	%	87	%	67	%
Fixed Income - 12 month	87	%	87	%	97	%	97	%	93	%
Taxable Fixed Income - 12 month	94	%	93	%	96	%	96	%	90	%
Tax-exempt Fixed Income - 12 month	79	%	82	%	98	%	99	%	97	%
Equity - 3 year	67	%	70	%	72	%	74	%	93	%
Fixed Income - 3 year	51	%	48	%	46	%	46	%	46	%
Taxable Fixed Income - 3 year	95	%	87	%	84	%	84	%	83	%
Tax-exempt Fixed Income - 3 year	5	%	6	%	5	%	6	%	4	%
Threadneedle Mutual Fund Rankings in Top 2 S&P Quartiles
Equity - 12 month	72	%	63	%	57	%	63	%	77	%
Fixed Income - 12 month	67	%	56	%	44	%	44	%	22	%
Equity - 3 year	64	%	57	%	50	%	64	%	76	%
Fixed Income - 3 year	78	%	67	%	56	%	56	%	22	%

Equal Weighted Rankings in Top 2 Quartiles: Counts the number of Class A funds with above median ranking divided by the total number of Class A funds. Asset size is not a factor.

Asset Weighted Rankings in Top 2 Quartiles: Sums the assets of the Class A funds with above median ranking divided by the total Class A assets. Funds with more assets will receive a greater share of the total percentage above or below median.

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., RiverSource S&P 500 Index Fund, RiverSource Cash Management Fund and RiverSource Tax Free Money Market Fund.

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.

16

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment
Deferred Acquisition Costs Rollforwards

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in millions, unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
Variable Annuities
Beginning balance	$	1,887		$	1,926		$	2,004		$	1,898		$	1,988		5	%	$	1,719		$	2,004
Capitalization	119			121			121			124			113			(5	)%	344			358
Amortization	(69		)	(34		)	(68		)	(56		)	(20		)	71	%	(173		)	(144		)
SOP 05-1 (cumulative pretax impact)	—			—			(146		)	—			—			—		—			(146		)
Other (FAS 115)	(11		)	(9		)	(13		)	22			(14		)	(27	)%	36			(5		)
Total ending balance	$	1,926		$	2,004		$	1,898		$	1,988		$	2,067		7	%	$	1,926		$	2,067
Fixed Annuities
Beginning balance	$	381		$	359		$	343		$	315		$	309		(19	)%	$	396		343
Capitalization	5			3			2			1			2			(60	)%	16			5
Amortization	(17		)	(20		)	(21		)	(20		)	(33		)	(94	)%	(60		)	(74		)
SOP 05-1 (cumulative pretax impact)	—			—			(7		)	—			—			—		—			(7		)
Other (FAS 115)	(10		)	1			(2		)	13			(6		)	40	%	7			5
Total ending balance	$	359		$	343		$	315		$	309		$	272		(24	)%	$	359		$	272
Other
Beginning balance	$	88		$	80		$	74		$	69		$	66		(25	)%	$	109		$	74
Capitalization	4			4			5			6			3			(25	)%	14			14
Amortization	(12		)	(9		)	(10		)	(9		)	(7		)	42	%	(43		)	(26		)
Other (FAS 115)	—			(1		)	—			—			—			—		—			—
Total ending balance	$	80		$	74		$	69		$	66		$	62		(23	)%	$	80		$	62

#  Variance of 100% or greater.

17

Ameriprise Financial, Inc.

Protection Segment
Income Statements

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in millions, unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
Revenues
Management, financial advice and service fees	$	20		$	22		$	22		$	24		$	24		20	%	$	58		$	70
Distribution fees	27			29			28			29			29			7	%	82			86
Net investment income	87			92			89			88			93			7	%	262			270
Premiums	249			246			245			251			254			2	%	709			750
Other revenues	115			113			116			116			118			3	%	356			350
Total revenues	498			502			500			508			518			4	%	1,467			1,526
Expenses
Compensation and benefits - field	22			21			25			24			24			9	%	67			73
Interest credited to account values	36			37			34			36			36			—		108			106
Benefits, claims, losses and settlement expenses	230			223			227			223			233			1	%	666			683
Amortization of deferred acquisition costs	(11		)	41			35			40			68				#	92			143
Other expenses	70			74			78			83			84			20	%	217			245
Total expenses	347			396			399			406			445			28	%	1,150			1,250
Pretax segment income	$	151		$	106		$	101		$	102		$	73		(52	)%	$	317		$	276
Other Information
Net investment gains (losses), pretax	$	2		$	6		$	1		$	—		$	3		50	%	$	4		$	4
Contribution margin	42.2		%	44.0		%	42.8		%	44.3		%	43.4		%			42.7		%	43.5		%
Allocated equity	$	2,246		$	2,261		$	2,280		$	2,251		$	2,199		(2	)%	$	2,246		$	2,199
Return on allocated equity for pretax segment income	18.1		%	19.1		%	20.1		%	20.4		%	17.0		%			18.1		%	17.0		%

# Variance of 100% or greater.

18

Ameriprise Financial, Inc.

Protection Segment
Revenues by Product

												3Q ’07 vs. 3Q ’06		Year-to-Date
(in millions, unaudited)	3 Qtr 2006		4 Qtr 2006			1 Qtr 2007		2 Qtr 2007		3 Qtr 2007		% Change		2006		2007
Revenues
Management, financial advice and service fees
VUL/UL	$	19	$	21		$	21	$	23	$	22	16	%	$	55	$	66
Auto and Home	1		—			1		1		2			#	3		4
Disability income, LTC and other	—		1			—		—		—		—		—		—
Total management, financial advice and service fees	20		22			22		24		24		20	%	58		70
Distribution fees
VUL/UL	18		18			19		19		19		6	%	55		57
Auto and Home	—		1			—		1		—		—		1		1
Disability income, LTC and other	9		10			9		9		10		11	%	26		28
Total distribution fees	27		29			28		29		29		7	%	82		86
Net investment income
VUL/UL	27		30			29		29		28		4	%	87		86
Traditional life	4		4			4		4		4		—		12		12
Auto and Home	14		11			11		11		16		14	%	34		38
Disability income, LTC and other	42		47			45		44		45		7	%	129		134
Total net investment income	87		92			89		88		93		7	%	262		270
Premiums
Traditional life	19		18			19		22		21		11	%	55		62
Auto and Home	135		140			141		144		146		8	%	396		431
Intercompany premiums (1)	5		7			9		8		8		60	%	16		25
Disability income, LTC and other	90		81			76		77		79		(12	)%	242		232
Total premiums	249		246			245		251		254		2	%	709		750
Other revenues
VUL/UL	111		114			116		116		117		5	%	354		349
Auto and Home	1		—			—		—		—			#	—		—
Disability income, LTC and other	3		(1		)	—		—		1		(67	)%	2		1
Total other revenues	115		113			116		116		118		3	%	356		350
Total revenues	$	498	$	502		$	500	$	508	$	518	4	%	$	1,467	$	1,526
Total revenues by product
VUL/UL	$	175	$	183		$	185	$	187	$	186	6	%	$	551	$	558
Traditional life	23		22			23		26		25		9	%	67		74
Auto and Home	151		152			153		157		164		9	%	434		474
Intercompany premiums (1)	5		7			9		8		8		60	%	16		25
Disability income, LTC and other	144		138			130		130		135		(6	)%	399		395
Total revenues by product	$	498	$	502		$	500	$	508	$	518	4	%	$	1,467	$	1,526

⁽¹⁾   Intercompany E&O premiums are eliminated in the Corporate and Other and Eliminations segment.

#    Variance of 100% or greater.

19

Ameriprise Financial, Inc.

Protection Segment
Selected Statistical Information

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in millions unless otherwise noted unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
Sales
VUL/UL (1)	$	84		$	90		$	83		$	89		$	88		5	%	$	260		$	260
Term and whole life	4			6			5			5			5			25	%	14			15
Disability income	5			5			5			5			3			(40	)%	15			13
Brokered insurance and other	$	11		$	9		$	9		$	9		$	10		(9	)%	$	31		$	28
Lapse Rate
VUL/UL	6.1		%	5.8		%	5.6		%	5.8		%	5.7		%			5.7		%	5.7		%
Life Insurance in-Force
VUL/UL	$	110,419		$	111,889		$	113,104		$	114,513		$	115,540		5	%	$	110,419		$	115,540
Term and whole life	58,293			60,278			62,438			64,751			66,974			15	%	58,293			66,974
Other (2)	1,867			1,855			1,832			1,816			1,790			(4	)%	1,867			1,790
Total life insurance in-force	$	170,579		$	174,022		$	177,374		$	181,080		$	184,304		8	%	$	170,579		$	184,304
Policyholder Reserves (net)
VUL/UL	$	7,882		$	8,334		$	8,480		$	8,878		$	9,011		14	%	$	7,882		$	9,011
Term and whole life	235			234			234			234			234			—		235			234
Disability income	381			386			408			414			419			10	%	381			419
Long term care and other	$	2,167		$	2,197		$	2,215		$	2,233		$	2,251		4	%	$	2,167		$	2,251
Net Amount at Risk (3)
VUL/UL	$	47,019		$	46,327		$	45,939		$	45,197		$	44,711		(5	)%	$	47,019		$	44,711
Term and whole life	$	15,091		$	15,039		$	14,936		$	14,893		$	14,709		(3	)%	$	15,091		$	14,709
Auto and Home Insurance
Policy count (in thousands)	481			490			496			505			512			6	%	481			512
Loss ratio	82.8		%	76.1		%	71.0		%	78.8		%	78.1		%			80.0		%	76.0		%
Expense ratio	15.8		%	15.4		%	18.2		%	17.1		%	18.0		%			15.5		%	17.6		%

⁽¹⁾   Includes lump sum deposits.

⁽²⁾   Includes only other life insurance.

⁽³⁾   Life insurance in-force less policyholder reserves net of re-insurance.

#    Variance of 100% or greater.

20

Ameriprise Financial, Inc.

Protection Segment
Product Rollforwards

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in millions, unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
Future Policy Benefits and Policyholder Account Balances
VUL/UL
Beginning balance	$	7,653		$	7,882		$	8,334		$	8,480		$	8,878		16	%	$	7,327		$	8,334
Premiums and deposits	263			278			275			283			276			5	%	793			834
Investment performance and interest credited	183			407			121			362			105			(43	)%	424			588
Withdrawals and surrenders	(237		)	(257		)	(257		)	(262		)	(262		)	(11	)%	(723		)	(781		)
Other	20			24			7			15			14			(30	)%	61			36
Total ending balance	$	7,882		$	8,334		$	8,480		$	8,878		$	9,011		14	%	$	7,882		$	9,011
Deferred Acquisition Costs
VUL/UL
Beginning balance	$	1,422		$	1,492		$	1,507		$	1,478		$	1,513		6	%	$	1,371		$	1,507
Capitalization	30			31			36			37			32			7	%	95			105
Amortization	38			(14		)	(10		)	(12		)	(40		)		#	14			(62		)
SOP 05-1 (cumulative pretax impact)	—			—			(51		)	—			—			—		—			(51		)
Other (FAS 115)	2			(2		)	(4		)	10			(4		)		#	12			2
Total ending balance	$	1,492		$	1,507		$	1,478		$	1,513		$	1,501		1	%	$	1,492		$	1,501
Term and Whole Life
Beginning balance	$	104		$	105		$	109		$	114		$	118		13	%	$	101		$	109
Capitalization	6			7			7			8			8			33	%	18			23
Amortization	(4		)	(3		)	(2		)	(4		)	(4		)	—		(14		)	(10		)
Other	(1		)	—			—			—			—				#	—			—
Total ending balance	$	105		$	109		$	114		$	118		$	122		16	%	$	105		$	122
Disability Income, LTC and Other
Beginning balance	$	447		$	448		$	448		$	450		$	454		2	%	$	448		$	448
Capitalization	13			12			14			15			14			8	%	40			43
Amortization	(11		)	(12		)	(12		)	(12		)	(10		)	9	%	(40		)	(34		)
Other	(1		)	—			—			1			5				#	—			6
Total ending balance	$	448		$	448		$	450		$	454		$	463		3	%	$	448		$	463
Auto and Home
Beginning balance	$	13		$	13		$	14		$	13		$	14		8	%	$	38		$	14
Capitalization	12			12			11			12			14			17	%	27			37
Amortization	(12		)	(12		)	(11		)	(12		)	(14		)	(17	)%	(52		)	(37		)
Other	—			1			(1		)	1			1				—	—			1
Total ending balance	$	13		$	14		$	13		$	14		$	15		15	%	$	13		$	15

#  Variance of 100% or greater.

21

Ameriprise Financial, Inc.

Corporate and Other and Eliminations Segment
Income Statements

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in millions, unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
Revenues
Management, financial advice and service fees	$	43		$	43		$	51		$	51		$	65		51	%	$	136		$	167
Distribution fees	1			1			(1		)	—			—				#	2			(1		)
Net investment income	12			20			14			5			3			(75	)%	31			22
Premiums (1)	(5		)	(7		)	(9		)	(8		)	(8		)	(60	)%	(16		)	(25		)
Other revenues	5			12			11			10			5			—		21			26
Total revenues	56			69			66			58			65			16	%	174			189
Expenses
Compensation and benefits - field	36			32			42			42			50			39	%	108			134
Interest and debt expense	28			30			29			29			26			(7	)%	71			84
Other expenses	31			36			27			59			44			42	%	122			130
Total expenses before separation costs	95			98			98			130			120			26	%	301			348
Pretax segment loss before separation costs	(39		)	(29		)	(32		)	(72		)	(55		)	(41	)%	(127		)	(159		)
Separation costs, pretax	87			123			85			63			60			(31	)%	238			208
Pretax segment loss	$	(126	)	$	(152	)	$	(117	)	$	(135	)	$	(115	)	9	%	$	(365	)	$	(367	)
Other Information
Net investment gains, pretax	$	—		$	—		$	—		$	1		$	—		—		$	1		$	1
Allocated equity	$	1,823		$	2,062		$	1,954		$	2,148		$	2,343		29	%	$	1,823		$	2,343

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

#  Variance of 100% or greater.

22

Ameriprise Financial, Inc.

Capital and Ratings Information

	September 30,			December 31,			March 31,			June 30,			September 30,
(in millions, unaudited)	2006			2006			2007			2007			2007
Balance Sheet Detail
Senior notes	$	1,500		$	1,500		$	1,500		$	1,500		$	1,500
Junior subordinated notes (1)	500			500			500			500			500
Non-recourse debt
Debt of CDO	254			225			225			197			197
Debt of property fund limited partnerships	—			—			—			—			—
Subtotal non-recourse debt	254			225			225			197			197
Total debt	$	2,254		$	2,225		$	2,225		$	2,197		$	2,197
Total debt excluding non-recourse debt	$	2,000		$	2,000		$	2,000		$	2,000		$	2,000
Total debt excluding non-recourse debt and 75% equity credit (1)	$	1,625		$	1,625		$	1,625		$	1,625		$	1,625
Shareholders’ Equity
Common stock	$	3		$	3		$	3		$	3		$	3
Additional paid-in capital	4,291			4,353			4,468			4,533			4,593
Retained earnings	4,123			4,268			4,268			4,428			4,591
Treasury stock	(438		)	(490		)	(865		)	(1,009		)	(1,180		)
Accumulated other comprehensive income (loss), net of tax	(226		)	(209		)	(143		)	(355		)	(249		)
Total shareholders’ equity	$	7,753		$	7,925		$	7,731		$	7,600		$	7,758
Total capital	$	10,007		$	10,150		$	9,956		$	9,797		$	9,955
Total capital excluding non-recourse debt	9,753			9,925			9,731			9,600			9,758
Junior subordinated notes 75% equity credit (1)	$	375		$	375		$	375		$	375		$	375
Other Information
Ratio of earnings to fixed charges	6.1		x	6.0		x	6.4		x	6.9		x	6.2		x
Ratio of earnings to fixed charges without non-recourse debt interest	7.0		x	6.5		x	7.0		x	7.6		x	6.7		x
Debt to total capital	22.5		%	21.9		%	22.3		%	22.4		%	22.1		%
Debt to total capital excluding non-recourse debt	20.5		%	20.2		%	20.6		%	20.8		%	20.5		%
Debt to total capital excluding non-recourse debt and 75% equity credit	16.7		%	16.4		%	16.7		%	16.9		%	16.7		%
Double Leverage	107		%	105		%	110		%	109		%	102		%

	A.M. Best	S&P	Moody’s	Fitch
Financial Strength (as of 9/30/07)
Claims Paying Ratings
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.

23

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, consisting of 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 separation costs;

•  Adjusted earnings;

•  Total expenses before separation costs;

•  Income before income tax provision and separation costs;

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

•  Income before separation costs;

•  Separation cost, after-tax;

•  Pretax segment income (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.

24

Ameriprise Financial, Inc.

Glossary of Selected Terminology

Adjusted Earnings - Income before non-recurring separation costs.

Adjusted Return on Equity - Adjusted return on equity (“ROE”) is calculated using adjusted earnings for the last twelve months in the numerator, and equity excluding 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.

Administered Assets - Administered assets include assets for which we provide administrative services such as assets of our clients invested in other companies’ products that we offer outside of our wrap accounts. These assets include those held in customers’ brokerage accounts. We do not exercise management discretion over these assets and do not earn a management fee. These assets are not reported on our 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 previously owned by IDS Property Casualty Insurance Company (“IDS Property Casualty”) that offers travel and other card insurance to American Express Company (“American Express”) customers. This business prior to our separation from American Express had historically been reported in the Travel Related Services segment of American Express. Under the separation agreement with American Express, 100% of this business was ceded to an American Express subsidiary in return for an arm’s length ceding fee.

Asset Accumulation and Income Segment - This segment offers products and services, both our own and other companies’, to help our 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. We earn revenues in this segment primarily through fees we receive based on managed assets and annuity separate account assets. These fees are impacted by both market movements and net asset flows. We also earn 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 affiliates such as Costco Wholesale Corporation, Delta Loyalty Management Services, Inc., and Ford Motor Credit Company. We sell these products through our auto and home subsidiary, IDS Property Casualty Insurance Company (doing business as Ameriprise Auto & Home Insurance).

Book Value per Share - Total shareholders’ equity divided by the number of common shares outstanding.

Branded Advisor Clients - Individual, business, or institutional clients that receive investment advice and other services from an employee of our company or franchisee-based financial advisor including our company’s client service organization and includes temporarily unassigned clients.

Cash Sales - the dollar value volume indicator that captures gross new cash inflows which generate product revenue streams to our company. This includes primarily “client initiated” activity that results in an incremental increase in assets (owned, managed or administered) or premiums in-force (but doesn’t need to result in time of sale revenue), or activity that doesn’t increase assets or premiums in-force, but generates “fee revenue.”

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, franchisee advisors and our company’s client service organization.

Company - Ameriprise Financial, Inc. and consolidated subsidiaries.

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.

25

Ameriprise Financial, Inc.

Glossary of Selected Terminology

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 our separation from American Express. For purposes of presentation in the statistical supplement, this segment also includes eliminations.

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 an equity credit of at least 75% by the majority of rating agencies.

Deferred Acquisition Costs and Amortization - Deferred acquisition costs (“DAC”) represent 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 before income tax provision 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. Our adoption of EITF 04-5 effective January 1, 2006 resulted in the consolidation of certain limited partnerships for which we are the general partner. As a result, we consolidate 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 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 our company.

Managed Assets - Managed assets includes client assets for which we provide 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 we receive a fee based on assets held in the account). Managed assets also include assets managed by sub-advisors selected by us. Managed assets do not include owned assets or administered assets. These assets are not reported on our 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 our 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 assets on our Consolidated Balance Sheets, principally investments in the general and separate accounts of our 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).

26

Ameriprise Financial, Inc.

Glossary of Selected Terminology

Protection Segment - This segment offers a variety of protection products, both our 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 our company’s retail clients. We earn revenues in this operating segment primarily through premiums, fees and charges that we receive to assume insurance-related risk, fees we receive 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 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 Collateralized 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 - Return on equity calculation that uses the pretax segment income for the trailing twelve months and equity using a five point average of quarter-end equity.

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

Securities America - 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 - Our 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 our 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.

SOP 05-1 (“Statement of Position”), “Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection With Modifications or Exchanges of Insurance Contracts” - SOP 05-1 provides guidance on accounting for DAC associated with any insurance or annuity contract that is significantly modified or internally replaced with another contract.

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

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

Wrap Accounts - Wrap accounts enable our clients to purchase other securities such as mutual funds in connection with investment advisory fee-based “wrap account” programs or services. We offer clients the opportunity to select products that include proprietary and non-proprietary funds. We currently offer both discretionary and non-discretionary investment advisory wrap accounts. In a discretionary wrap account, an unaffiliated investment advisor or our 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 our 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 and Rule 12b-1 fees.

27

EXHIBIT A

RiverSource^® Mutual Fund Performance and

Lipper Ranking

Ameriprise Financial, Inc.

Equity Fund Performance & Lipper Ranking

As of September 30, 2007

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	Total	Rankings and Annualized Returns at NAV (1)
	Assets	Assets	Expense	1 year			3 years			5 years
Class A Shares by Lipper Category	(Mil $ )	Date	Ratio	Return	Ranking		Return	Ranking		Return	Ranking
Emerging Market Funds
RiverSource Emerging Markets Fund	724.80	9/28/2007	1.81	57.53	40	%	40.26	42	%	34.80	67	%
Lipper Fund Ranking / Total Funds in Category					100 / 253			79 / 191			109 / 162
Equity Income Funds
RiverSource Diversified Equity Income Fund	8,198.80	9/28/2007	1.14	20.98	11	%	19.91	3	%	22.91	2	%
Lipper Fund Ranking / Total Funds in Category					28 / 256			4 / 194			2 / 132
RiverSource Dividend Opportunity Fund	2,067.70	9/28/2007	1.15	19.03	22	%	16.91	17	%	15.71	50	%
Lipper Fund Ranking / Total Funds in Category					56 / 256			33 / 194			66 / 132
European Region Funds
RiverSource European Equity Fund	140.50	9/28/2007	1.52	25.58	61	%	22.74	76	%	21.32	85	%
Lipper Fund Ranking / Total Funds in Category					62 / 102			70 / 92			68 / 79
Flexible Portfolio Funds
RiverSource Strategic Allocation Fund	2,197.80	9/28/2007	1.14	17.97	26	%	14.50	27	%	14.49	45	%
Lipper Fund Ranking / Total Funds in Category					33 / 127			25 / 95			35 / 78
Global Large Cap Growth Funds
RiverSource Global Equity Fund	816.40	9/28/2007	1.51	27.66	32	%	22.44	11	%	20.01	30	%
Lipper Fund Ranking / Total Funds in Category					27 / 86			7 / 65			16 / 54
Gold-Oriented Funds
RiverSource Precious Metals and Mining Fund	131.90	9/28/2007	1.40	35.42	56	%	25.00	61	%	25.72	62	%
Lipper Fund Ranking / Total Funds in Category					30 / 53			31 / 50			26 / 41
International Large Cap Core Funds
RiverSource International Opportunity Fund	697.80	9/28/2007	1.48	23.29	65	%	21.61	61	%	19.67	74	%
Lipper Fund Ranking / Total Funds in Category					138 / 213			120 / 198			130 / 175
International Multi Cap Growth Funds
RiverSource Disciplined International Equity Fund	586.40	9/28/2007	1.92	32.65	19	%
Lipper Fund Ranking / Total Funds in Category					38 / 210
RiverSource International Aggressive Growth Fund (2)	719.20	9/28/2007	1.61	31.53	33	%	25.71	26	%	24.26	43	%
Lipper Fund Ranking / Total Funds in Category					68 / 210			38 / 148			57 / 133
International Multi Cap Value Funds
RiverSource International Equity Fund (2)	209.50	9/28/2007	1.69	23.34	50	%	21.74	59	%
Lipper Fund Ranking / Total Funds in Category					60 / 120			53 / 90
RiverSource International Select Value Fund (2)	2,607.20	9/28/2007	1.47	23.67	46	%	24.21	24	%	26.08	17	%
Lipper Fund Ranking / Total Funds in Category					55 / 120			21 / 90			11 / 67
International Small/Mid Cap Core Funds
RiverSource International Small Cap Fund (2)	128.60	9/28/2007	1.83	36.23	15	%	23.55	59	%
Lipper Fund Ranking / Total Funds in Category					8 / 55			28 / 47
Large Cap Core Funds
RiverSource Large Cap Equity Fund	6,431.20	9/28/2007	1.09	15.77	53	%	12.79	43	%	13.28	65	%
Lipper Fund Ranking / Total Funds in Category					426 / 817			289 / 681			365 / 568
RiverSource Fundamental Growth Fund (2)	218.20	9/28/2007	1.41	19.10	19	%	10.89	77	%
Lipper Fund Ranking / Total Funds in Category					150 / 817			524 / 681
RiverSource Disciplined Equity Fund	3,238.60	9/28/2007	1.05	16.36	45	%	13.77	26	%
Lipper Fund Ranking / Total Funds in Category					365 / 817			173 / 681
Large Cap Growth Funds
RiverSource Growth Fund	3,333.80	9/28/2007	1.19	16.16	83	%	12.87	35	%	12.63	51	%
Lipper Fund Ranking / Total Funds in Category					605 / 728			212 / 621			264 / 519
Large Cap Value Fund
RiverSource Equity Value Fund	1,268.20	9/28/2007	1.09	19.00	9	%	18.15	3	%	19.95	3	%
Lipper Fund Ranking / Total Funds in Category					44 / 503			12 / 424			9 / 348
RiverSource Large Cap Value Fund	96.90	9/28/2007	1.28	13.85	60	%	12.72	64	%	15.08	70	%
Lipper Fund Ranking / Total Funds in Category					299 / 503			272 / 424			242 / 348
RiverSource Value Fund (2)	332.80	9/28/2007	1.29	13.75	61	%	13.05	56	%	16.07	44	%
Lipper Fund Ranking / Total Funds in Category					303 / 503			234 / 424			151 / 348

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 (1)
				Fund	Since
	10 years			Inception	Inception	Ranking Since
Class A Shares by Lipper Category	Return	Ranking		Date	Return	Date	Ranking
Emerging Market Funds
RiverSource Emerging Markets Fund	10.84	57	%	11/13/1996	12.18	11/14/1996	48	%
Lipper Fund Ranking / Total Funds in Category		48 / 84					33 / 68
Equity Income Funds
RiverSource Diversified Equity Income Fund	10.01	12	%	10/15/1990	13.37	10/18/1990	28	%
Lipper Fund Ranking / Total Funds in Category		10 / 84					7 / 24
RiverSource Dividend Opportunity Fund	7.55	50	%	8/1/1988	10.32	8/4/1988	70	%
Lipper Fund Ranking / Total Funds in Category		42 / 84					14 / 19
European Region Funds
RiverSource European Equity Fund				6/26/2000	4.58	6/26/2000	87	%
Lipper Fund Ranking / Total Funds in Category							52 / 59
Flexible Portfolio Funds
RiverSource Strategic Allocation Fund	5.93	71	%	1/23/1985	11.26	1/31/1985	34	%
Lipper Fund Ranking / Total Funds in Category		33 / 46					2 / 5
Global Large Cap Growth Funds
RiverSource Global Equity Fund	6.06	61	%	5/29/1990	7.00	5/31/1990	80	%
Lipper Fund Ranking / Total Funds in Category		17 / 27					4 / 4
Gold-Oriented Funds
RiverSource Precious Metals and Mining Fund	10.15	72	%	4/22/1985	8.83	4/30/1985	50	%
Lipper Fund Ranking / Total Funds in Category		18 / 24					5 / 9
International Large Cap Core Funds
RiverSource International Opportunity Fund	4.29	92	%	11/15/1984	9.35	11/15/1984	80	%
Lipper Fund Ranking / Total Funds in Category		86 / 93					4 / 4
International Multi Cap Growth Funds
RiverSource Disciplined International Equity Fund				5/18/2006	24.49	5/18/2006	21	%
Lipper Fund Ranking / Total Funds in Category							42 / 202
RiverSource International Aggressive Growth Fund (2)				9/28/2001	16.98	9/28/2001	39	%
Lipper Fund Ranking / Total Funds in Category							44 / 113
International Multi Cap Value Funds
RiverSource International Equity Fund (2)				10/3/2002	20.72	10/3/2002	81	%
Lipper Fund Ranking / Total Funds in Category							58 / 71
RiverSource International Select Value Fund (2)				9/28/2001	18.80	9/28/2001	31	%
Lipper Fund Ranking / Total Funds in Category							19 / 61
International Small/Mid Cap Core Funds
RiverSource International Small Cap Fund (2)				10/3/2002	25.91	10/3/2002	56	%
Lipper Fund Ranking / Total Funds in Category							21 / 37
Large Cap Core Funds
RiverSource Large Cap Equity Fund				3/28/2002	6.18	3/28/2002	51	%
Lipper Fund Ranking / Total Funds in Category							272 / 541
RiverSource Fundamental Growth Fund (2)				4/24/2003	9.38	4/24/2003	96	%
Lipper Fund Ranking / Total Funds in Category							578 / 603
RiverSource Disciplined Equity Fund				4/24/2003	14.52	4/24/2003	26	%
Lipper Fund Ranking / Total Funds in Category							154 / 603
Large Cap Growth Funds
RiverSource Growth Fund	1.43	94	%	3/1/1972	11.92	3/2/1972	30	%
Lipper Fund Ranking / Total Funds in Category		205 / 219					8 / 26
Large Cap Value Fund
RiverSource Equity Value Fund	6.95	47	%	3/20/1995	10.66	3/23/1995	56	%
Lipper Fund Ranking / Total Funds in Category		67 / 142					53 / 95
RiverSource Large Cap Value Fund				6/27/2002	10.43	6/27/2002	63	%
Lipper Fund Ranking / Total Funds in Category							206 / 329
RiverSource Value Fund (2)				6/18/2001	6.81	6/18/2001	54	%
Lipper Fund Ranking / Total Funds in Category							146 / 272

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.

	Annualized Returns at POP (1)
	Max. Front
	Sales					Since
Class A Shares by Lipper Category	Charge	1 year	3 years	5 years	10 years	Inception
Emerging Market Funds
RiverSource Emerging Markets Fund	5.75	48.47	37.51	33.21	10.18	11.58
Lipper Fund Ranking / Total Funds in Category
Equity Income Funds
RiverSource Diversified Equity Income Fund	5.75	14.02	17.57	21.46	9.36	12.97
Lipper Fund Ranking / Total Funds in Category
RiverSource Dividend Opportunity Fund	5.75	12.19	14.62	14.35	6.91	9.97
Lipper Fund Ranking / Total Funds in Category
European Region Funds
RiverSource European Equity Fund	5.75	18.36	20.34	19.89		3.73
Lipper Fund Ranking / Total Funds in Category
Flexible Portfolio Funds
RiverSource Strategic Allocation Fund	5.75	11.19	12.26	13.14	5.30	10.97
Lipper Fund Ranking / Total Funds in Category
Global Large Cap Growth Funds
RiverSource Global Equity Fund	5.75	20.32	20.04	18.59	5.43	6.63
Lipper Fund Ranking / Total Funds in Category
Gold-Oriented Funds
RiverSource Precious Metals and Mining Fund	5.75	27.64	22.56	24.24	9.50	8.54
Lipper Fund Ranking / Total Funds in Category
International Large Cap Core Funds
RiverSource International Opportunity Fund	5.75	16.20	19.23	18.27	3.67	9.07
Lipper Fund Ranking / Total Funds in Category
International Multi Cap Growth Funds
RiverSource Disciplined International Equity Fund	5.75	25.02				19.22
Lipper Fund Ranking / Total Funds in Category
RiverSource International Aggressive Growth Fund (2)	5.75	23.97	23.25	22.80		15.83
Lipper Fund Ranking / Total Funds in Category
International Multi Cap Value Funds
RiverSource International Equity Fund (2)	5.75	16.25	19.36			19.30
Lipper Fund Ranking / Total Funds in Category
RiverSource International Select Value Fund (2)	5.75	16.56	21.78	24.60		17.64
Lipper Fund Ranking / Total Funds in Category
International Small/Mid Cap Core Funds
RiverSource International Small Cap Fund (2)	5.75	28.40	21.14			24.43
Lipper Fund Ranking / Total Funds in Category
Large Cap Core Funds
RiverSource Large Cap Equity Fund	5.75	9.11	10.58	11.95		5.05
Lipper Fund Ranking / Total Funds in Category
RiverSource Fundamental Growth Fund (2)	5.75	12.25	8.72			7.93
Lipper Fund Ranking / Total Funds in Category
RiverSource Disciplined Equity Fund	5.75	9.67	11.55			13.00
Lipper Fund Ranking / Total Funds in Category
Large Cap Growth Funds
RiverSource Growth Fund	5.75	9.48	10.67	11.30	0.83	11.73
Lipper Fund Ranking / Total Funds in Category
Large Cap Value Fund
RiverSource Equity Value Fund	5.75	12.16	15.84	18.53	6.32	10.14
Lipper Fund Ranking / Total Funds in Category
RiverSource Large Cap Value Fund	5.75	7.31	10.52	13.73		9.19
Lipper Fund Ranking / Total Funds in Category
RiverSource Value Fund (2)	5.75	7.21	10.84	14.71		5.81
Lipper Fund Ranking / Total Funds in Category

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 (1)
	Total Net	Total Net	Total
	Assets	Assets	Expense	1 year			3 years			5 years
Class A Shares by Lipper Category	(Mil $ )	Date	Ratio	Return	Ranking		Return	Ranking		Return	Ranking
Mid Cap Core Funds
RiverSource Disciplined Small and Mid-Cap Equity Fund	97.30	9/28/2007	1.67	5.88	98	%
Lipper Fund Ranking / Total Funds in Category					336 / 344
Mid Cap Growth Funds
RiverSource Mid Cap Growth Fund	1,112.80	9/28/2007	1.12	23.38	61	%	12.32	90	%	13.21	95	%
Lipper Fund Ranking / Total Funds in Category					367 / 607			434 / 485			373 / 392
RiverSource Aggressive Growth Fund (2)	613.90	9/28/2007	1.58	37.54	7	%	19.71	21	%
Lipper Fund Ranking / Total Funds in Category					38 / 607			100 / 485
Mid Cap Value Funds
RiverSource Mid Cap Value Fund	2,560.10	9/28/2007	1.33	22.74	15	%	20.85	7	%	24.69	7	%
Lipper Fund Ranking / Total Funds in Category					46 / 308			15 / 238			12 / 183
Mixed-Asset Target 2010 Funds
RiverSource Retirement PlusSM 2010 Fund	19.00	9/28/2007	2.14	15.13	9	%
Lipper Fund Ranking / Total Funds in Category					10 / 116
Mixed-Asset Target 2020 Funds
RiverSource Retirement Plus 2015 Fund	28.40	9/28/2007	2.55	16.66	7	%
Lipper Fund Ranking / Total Funds in Category					10 / 149
RiverSource Retirement Plus 2020 Fund	40.60	9/28/2007	1.92	18.01	4	%
Lipper Fund Ranking / Total Funds in Category					6 / 149
Mixed-Asset Target 2030 Funds
RiverSource Retirement Plus 2025 Fund	38.60	9/28/2007	2.30	18.12	33	%
Lipper Fund Ranking / Total Funds in Category					44 / 134
RiverSource Retirement Plus 2030 Fund	38.10	9/28/2007	2.28	18.36	26	%
Lipper Fund Ranking / Total Funds in Category					34 / 134
Mixed-Asset Target 2040 Funds
RiverSource Retirement Plus 2035 Fund	22.70	9/28/2007	3.85	18.22	47	%
Lipper Fund Ranking / Total Funds in Category					84 / 178
RiverSource Retirement Plus 2040 Fund	28.40	9/28/2007	2.40	18.22	48	%
Lipper Fund Ranking / Total Funds in Category					85 / 178
RiverSource Retirement Plus 2045 Fund	8.60	9/28/2007	5.73	18.11	51	%
Lipper Fund Ranking / Total Funds in Category					91 / 178
Mixed-Asset Target Allocation Conservative Funds
RiverSource Portfolio Builder Conservative Fund	136.40	9/28/2007	1.18	8.15	43	%	6.28	53	%
Lipper Fund Ranking / Total Funds in Category					172 / 401			135 / 255
RiverSource Portfolio Builder Moderate Conservative Fund	325.60	9/28/2007	1.17	11.18	8	%	8.64	8	%
Lipper Fund Ranking / Total Funds in Category					30 / 401			19 / 255
Mixed-Asset Target Allocation Growth Funds
RiverSource Portfolio Builder Moderate Aggressive Fund	1,164.80	9/28/2007	1.28	15.56	27	%	12.49	26	%
Lipper Fund Ranking / Total Funds in Category					164 / 627			135 / 523
Mixed-Asset Target Allocation Moderate Funds
RiverSource Balanced Fund	1,052.70	9/28/2007	1.01	11.57	47	%	9.96	37	%	11.57	33	%
Lipper Fund Ranking / Total Funds in Category					208 / 442			127 / 343			76 / 231
RiverSource Portfolio Builder Moderate Fund	961.50	9/28/2007	1.21	13.36	26	%	10.72	25	%
Lipper Fund Ranking / Total Funds in Category					113 / 442			84 / 343
Multi Cap Core Funds
RiverSource Disciplined Large Cap Growth Fund	81.10	9/28/2007	1.65
Lipper Fund Ranking / Total Funds in Category
RiverSource Fundamental Value Fund (2)	1,109.60	9/28/2007	1.18	14.67	73	%	12.74	63	%	15.11	58	%
Lipper Fund Ranking / Total Funds in Category					636 / 876			415 / 662			283 / 493
RiverSource Portfolio Builder Aggressive Fund	582.90	9/28/2007	1.33	17.83	39	%	14.38	36	%
Lipper Fund Ranking / Total Funds in Category					342 / 876			235 / 662
RiverSource Portfolio Builder Total Equity Fund	539.90	9/28/2007	1.37	20.07	20	%	16.33	16	%
Lipper Fund Ranking / Total Funds in Category					172 / 876			101 / 662
Multi Cap Value Funds
RiverSource Select Value Fund (2)	560.00	9/28/2007	1.39	17.63	15	%	14.32	37	%	16.77	49	%
Lipper Fund Ranking / Total Funds in Category					62 / 425			118 / 325			120 / 244

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 (1)
				Fund	Since
	10 years			Inception	Inception	Ranking Since
Class A Shares by Lipper Category	Return	Ranking		Date	Return	Date	Ranking
Mid Cap Core Funds
RiverSource Disciplined Small and Mid-Cap Equity Fund				5/18/2006	1.60	5/18/2006	99	%
Lipper Fund Ranking / Total Funds in Category							334 / 337
Mid Cap Growth Funds
RiverSource Mid Cap Growth Fund	7.07	63	%	6/4/1957	^
Lipper Fund Ranking / Total Funds in Category		102 / 162
RiverSource Aggressive Growth Fund (2)				4/24/2003	21.01	4/24/2003	16	%
Lipper Fund Ranking / Total Funds in Category							67 / 422
Mid Cap Value Funds
RiverSource Mid Cap Value Fund				2/14/2002	16.58	2/14/2002	9	%
Lipper Fund Ranking / Total Funds in Category							15 / 167
Mixed-Asset Target 2010 Funds
RiverSource Retirement PlusSM 2010 Fund				5/18/2006	14.39	5/18/2006	2	%
Lipper Fund Ranking / Total Funds in Category							2 / 105
Mixed-Asset Target 2020 Funds
RiverSource Retirement Plus 2015 Fund				5/18/2006	15.73	5/18/2006	4	%
Lipper Fund Ranking / Total Funds in Category							5 / 134
RiverSource Retirement Plus 2020 Fund				5/18/2006	16.64	5/18/2006	2	%
Lipper Fund Ranking / Total Funds in Category							2 / 134
Mixed-Asset Target 2030 Funds
RiverSource Retirement Plus 2025 Fund				5/18/2006	16.54	5/18/2006	11	%
Lipper Fund Ranking / Total Funds in Category							12 / 118
RiverSource Retirement Plus 2030 Fund				5/18/2006	16.98	5/18/2006	3	%
Lipper Fund Ranking / Total Funds in Category							3 / 118
Mixed-Asset Target 2040 Funds
RiverSource Retirement Plus 2035 Fund				5/18/2006	16.36	5/18/2006	32	%
Lipper Fund Ranking / Total Funds in Category							46 / 147
RiverSource Retirement Plus 2040 Fund				5/18/2006	16.79	5/18/2006	14	%
Lipper Fund Ranking / Total Funds in Category							20 / 147
RiverSource Retirement Plus 2045 Fund				5/18/2006	16.54	5/18/2006	23	%
Lipper Fund Ranking / Total Funds in Category							34 / 147
Mixed-Asset Target Allocation Conservative Funds
RiverSource Portfolio Builder Conservative Fund				3/4/2004	5.39	3/4/2004	50	%
Lipper Fund Ranking / Total Funds in Category							113 / 226
RiverSource Portfolio Builder Moderate Conservative Fund				3/4/2004	7.26	3/4/2004	8	%
Lipper Fund Ranking / Total Funds in Category							18 / 226
Mixed-Asset Target Allocation Growth Funds
RiverSource Portfolio Builder Moderate Aggressive Fund				3/4/2004	10.11	3/4/2004	24	%
Lipper Fund Ranking / Total Funds in Category							116 / 491
Mixed-Asset Target Allocation Moderate Funds
RiverSource Balanced Fund	2.50	96	%	4/16/1940	^
Lipper Fund Ranking / Total Funds in Category		122 / 127
RiverSource Portfolio Builder Moderate Fund				3/4/2004	8.96	3/4/2004	18	%
Lipper Fund Ranking / Total Funds in Category							53 / 307
Multi Cap Core Funds
RiverSource Disciplined Large Cap Growth Fund				5/17/2007	2.88	5/17/2007	31	%
Lipper Fund Ranking / Total Funds in Category							292 / 945
RiverSource Fundamental Value Fund (2)				6/18/2001	6.96	6/18/2001	40	%
Lipper Fund Ranking / Total Funds in Category							157 / 397
RiverSource Portfolio Builder Aggressive Fund				3/4/2004	11.38	3/4/2004	29	%
Lipper Fund Ranking / Total Funds in Category							177 / 614
RiverSource Portfolio Builder Total Equity Fund				3/4/2004	12.68	3/4/2004	14	%
Lipper Fund Ranking / Total Funds in Category							84 / 614
Multi Cap Value Funds
RiverSource Select Value Fund (2)				3/8/2002	11.04	3/8/2002	11	%
Lipper Fund Ranking / Total Funds in Category							23 / 226

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.

	Annualized Returns at POP (1)
	Max. Front
	Sales					Since
Class A Shares by Lipper Category	Charge	1 year	3 years	5 years	10 years	Inception
Mid Cap Core Funds
RiverSource Disciplined Small and Mid-Cap Equity Fund	5.75	-0.21				-2.71
Lipper Fund Ranking / Total Funds in Category
Mid Cap Growth Funds
RiverSource Mid Cap Growth Fund	5.75	16.28	10.12	11.88	6.44	^
Lipper Fund Ranking / Total Funds in Category
RiverSource Aggressive Growth Fund (2)	5.75	29.63	17.37			19.40
Lipper Fund Ranking / Total Funds in Category
Mid Cap Value Funds
RiverSource Mid Cap Value Fund	5.75	15.68	18.49	23.23		15.36
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target 2010 Funds
RiverSource Retirement PlusSM 2010 Fund	5.75	8.51				9.54
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target 2020 Funds
RiverSource Retirement Plus 2015 Fund	5.75	9.96				10.83
Lipper Fund Ranking / Total Funds in Category
RiverSource Retirement Plus 2020 Fund	5.75	11.23				11.70
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target 2030 Funds
RiverSource Retirement Plus 2025 Fund	5.75	11.32				11.61
Lipper Fund Ranking / Total Funds in Category
RiverSource Retirement Plus 2030 Fund	5.75	11.56				12.02
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target 2040 Funds
RiverSource Retirement Plus 2035 Fund	5.75	11.42				11.43
Lipper Fund Ranking / Total Funds in Category
RiverSource Retirement Plus 2040 Fund	5.75	11.42				11.84
Lipper Fund Ranking / Total Funds in Category
RiverSource Retirement Plus 2045 Fund	5.75	11.32				11.60
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Conservative Funds
RiverSource Portfolio Builder Conservative Fund	4.75	3.01	4.57			3.96
Lipper Fund Ranking / Total Funds in Category
RiverSource Portfolio Builder Moderate Conservative Fund	4.75	5.90	6.89			5.81
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Growth Funds
RiverSource Portfolio Builder Moderate Aggressive Fund	5.75	8.92	10.29			8.30
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Moderate Funds
RiverSource Balanced Fund	5.75	5.16	7.81	10.26	1.90	^
Lipper Fund Ranking / Total Funds in Category
RiverSource Portfolio Builder Moderate Fund	5.75	6.84	8.56			7.17
Lipper Fund Ranking / Total Funds in Category
Multi Cap Core Funds
RiverSource Disciplined Large Cap Growth Fund	5.75					-3.04
Lipper Fund Ranking / Total Funds in Category
RiverSource Fundamental Value Fund (2)	5.75	8.07	10.54	13.76		5.96
Lipper Fund Ranking / Total Funds in Category
RiverSource Portfolio Builder Aggressive Fund	5.75	11.05	12.15			9.55
Lipper Fund Ranking / Total Funds in Category
RiverSource Portfolio Builder Total Equity Fund	5.75	13.17	14.06			10.83
Lipper Fund Ranking / Total Funds in Category
Multi Cap Value Funds
RiverSource Select Value Fund (2)	5.75	10.87	12.08	15.40		9.86
Lipper Fund Ranking / Total Funds in Category

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 (1)
	Total Net	Total Net	Total
	Assets	Assets	Expense	1 year			3 years			5 years
Class A Shares by Lipper Category	(Mil $)	Date	Ratio	Return	Ranking		Return	Ranking		Return	Ranking
Real Estate Funds
RiverSource Real Estate Fund	264.70	9/28/2007	1.51	4.05	57	%	20.29	25	%
Lipper Fund Ranking / Total Funds in Category					162 / 286			53 / 214
S&P 500 Index Objective Funds
RiverSource S&P 500 Index Fund (3)	258.10	9/28/2007	0.79	15.73			12.48			14.71
Science & Technology Fund
RiverSource Global Technology Fund	176.20	9/28/2007	1.69	24.14	55	%	19.68	15	%	28.25	5	%
Lipper Fund Ranking / Total Funds in Category					153 / 278			36 / 254			10 / 232
Small Cap Core Funds
RiverSource Small Cap Equity Fund (2)	288.30	9/28/2007	1.58	14.79	36	%	13.50	41	%	18.25	41	%
Lipper Fund Ranking / Total Funds in Category					266 / 744			235 / 574			185 / 451
RiverSource Small Cap Value Fund (2)	827.80	9/28/2007	1.58	10.73	67	%	11.46	76	%	17.75	54	%
Lipper Fund Ranking / Total Funds in Category					499 / 744			434 / 574			240 / 451
RiverSource Small Cap Advantage Fund	470.00	9/28/2007	1.32	9.02	77	%	10.76	84	%	17.28	62	%
Lipper Fund Ranking / Total Funds in Category					570 / 744			482 / 574			280 / 451
RiverSource Small Company Index Fund	933.70	9/28/2007	0.92	14.06	41	%	13.37	44	%	17.76	53	%
Lipper Fund Ranking / Total Funds in Category					300 / 744			251 / 574			239 / 451
Small Cap Growth Funds
RiverSource Small Cap Growth Fund (2)	203.20	9/28/2007	1.76	24.47	35	%	14.63	51	%	16.28	67	%
Lipper Fund Ranking / Total Funds in Category					202 / 586			236 / 469			257 / 388
Small Cap Value Funds
RiverSource Disciplined Small Cap Value Fund	41.70	9/28/2007	1.73	1.48	90	%
Lipper Fund Ranking / Total Funds in Category					254 / 284

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 (1)
				Fund	Since
	10 years			Inception	Inception	Ranking Since
Class A Shares by Lipper Category	Return	Ranking		Date	Return	Date	Ranking
Real Estate Funds
RiverSource Real Estate Fund				3/4/2004	18.88	3/4/2004	21	%
Lipper Fund Ranking / Total Funds in Category							42 / 201
S&P 500 Index Objective Funds
RiverSource S&P 500 Index Fund (3)				10/25/1999	3.09	10/28/1999
Science & Technology Fund
RiverSource Global Technology Fund	6.28	32	%	11/13/1996	6.85	11/14/1996	65	%
Lipper Fund Ranking / Total Funds in Category		16 / 50					27 / 41
Small Cap Core Funds
RiverSource Small Cap Equity Fund (2)				3/8/2002	9.19	3/8/2002	73	%
Lipper Fund Ranking / Total Funds in Category							304 / 419
RiverSource Small Cap Value Fund (2)				6/18/2001	11.46	6/18/2001	37	%
Lipper Fund Ranking / Total Funds in Category							132 / 361
RiverSource Small Cap Advantage Fund				5/4/1999	8.01	5/6/1999	86	%
Lipper Fund Ranking / Total Funds in Category							208 / 241
RiverSource Small Company Index Fund	8.37	55	%	8/19/1996	10.78	8/22/1996	60	%
Lipper Fund Ranking / Total Funds in Category		88 / 161					61 / 101
Small Cap Growth Funds
RiverSource Small Cap Growth Fund (2)				1/24/2001	2.48	1/24/2001	71	%
Lipper Fund Ranking / Total Funds in Category							226 / 318
Small Cap Value Funds
RiverSource Disciplined Small Cap Value Fund				2/16/2006	-0.38	2/16/2006	91	%
Lipper Fund Ranking / Total Funds in Category							240 / 263

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.

	Annualized Returns at POP (1)
	Max. Front
	Sales					Since
Class A Shares by Lipper Category	Charge	1 year	3 years	5 years	10 years	Inception
Real Estate Funds
RiverSource Real Estate Fund	5.75	-1.93	17.94			16.93
Lipper Fund Ranking / Total Funds in Category
S&P 500 Index Objective Funds
RiverSource S&P 500 Index Fund (3)	—	15.73	12.48	14.71		3.09
Science & Technology Fund
RiverSource Global Technology Fund	5.75	17.00	17.34	26.74	5.65	6.27
Lipper Fund Ranking / Total Funds in Category
Small Cap Core Funds
RiverSource Small Cap Equity Fund (2)	5.75	8.19	11.28	16.86		8.03
Lipper Fund Ranking / Total Funds in Category
RiverSource Small Cap Value Fund (2)	5.75	4.36	9.28	16.37		10.41
Lipper Fund Ranking / Total Funds in Category
RiverSource Small Cap Advantage Fund	5.75	2.75	8.60	15.90		7.25
Lipper Fund Ranking / Total Funds in Category
RiverSource Small Company Index Fund	5.75	7.50	11.15	16.37	7.73	10.19
Lipper Fund Ranking / Total Funds in Category
Small Cap Growth Funds
RiverSource Small Cap Growth Fund (2)	5.75	17.31	12.39	14.91		1.58
Lipper Fund Ranking / Total Funds in Category
Small Cap Value Funds
RiverSource Disciplined Small Cap Value Fund	5.75	-4.36				-3.95
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.

⁽¹⁾  Since inception returns and rankings for periods less than one year in length are cumulative.

⁽²⁾  Mutual funds subadvised by advisors not affiliated with Ameriprise Financial, Inc.

⁽³⁾  RiverSource S&P 500 Index Fund data is for D shares.

A1

Ameriprise Financial, Inc.

Fixed Income Fund Performance & Lipper Ranking

As of September 30, 2007

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	Total	Rankings and Annualized Returns at NAV (1)
	Assets	Assets	Expense	1 year			3 years			5 years
Class A Shares by Lipper Category	(Mil $ )	Date	Ratio	Return	Ranking		Return	Ranking		Return	Ranking
Taxable Funds
Emerging Markets Debt Funds
RiverSource Emerging Markets Bond Fund	187.40	9/28/2007	1.81	9.78	27	%
Lipper Fund Ranking / Total Funds in Category					18 / 66
Equity Market Neutral Funds
RiverSource Absolute Return Currency & Income Fund	117.60	9/28/2007	1.59	10.20	16	%
Lipper Fund Ranking / Total Funds in Category					9 / 56
Global Income Funds
RiverSource Global Bond Fund	491.00	9/28/2007	1.38	8.19	47	%	4.62	49	%	6.84	46	%
Lipper Fund Ranking / Total Funds in Category					50 / 106			46 / 93			39 / 85
High Current Yield Funds
RiverSource High Yield Bond Fund	1,812.90	9/28/2007	1.08	7.71	29	%	7.62	20	%	11.75	36	%
Lipper Fund Ranking / Total Funds in Category					128 / 444			75 / 376			115 / 319
RiverSource Income Opportunities Fund	311.70	9/28/2007	1.14	7.28	44	%	6.37	58	%
Lipper Fund Ranking / Total Funds in Category					192 / 444			215 / 376
Intermediate Investment Grade Debt Funds
RiverSource Core Bond Fund	329.20	9/28/2007	1.09	4.43	50	%	3.32	53	%
Lipper Fund Ranking / Total Funds in Category					259 / 526			239 / 457
RiverSource Diversified Bond Fund	3,000.20	9/28/2007	0.97	5.75	7	%	4.01	13	%	4.42	25	%
Lipper Fund Ranking / Total Funds in Category					32 / 526			57 / 457			98 / 395
Loan Participation Funds
RiverSource Floating Rate Fund	634.40	9/28/2007	1.07	3.69	50	%
Lipper Fund Ranking / Total Funds in Category					31 / 61
Mixed-Asset Target Allocation Conservative Funds
RiverSource Income Builder Basic Income Fund	287.90	9/28/2007	1.23	9.05	30	%
Lipper Fund Ranking / Total Funds in Category					118 / 401
RiverSource Income Builder Moderate Income Fund	623.90	9/28/2007	1.25	9.90	19	%
Lipper Fund Ranking / Total Funds in Category					74 / 401
RiverSource Income Builder Enhanced Income Fund	349.80	9/28/2007	1.34	10.77	10	%
Lipper Fund Ranking / Total Funds in Category					37 / 401
Multi-Sector Income Funds
RiverSource Strategic Income Allocation Fund	120.60	9/28/2007	1.45
Lipper Fund Ranking / Total Funds in Category
Short-Intermediate Investment Grade Debt Funds
RiverSource Limited Duration Bond Fund	156.70	9/28/2007	1.11	4.31	51	%	3.23	26	%
Lipper Fund Ranking / Total Funds in Category					74 / 145			36 / 138
Short U.S. Government Funds
RiverSource Short Duration U.S. Government Fund	761.20	9/28/2007	1.03	4.61	68	%	3.10	56	%	2.33	62	%
Lipper Fund Ranking / Total Funds in Category					58 / 85			45 / 80			46 / 74
Treasury Inflation Protected Securities Funds
RiverSource Inflation Protected Securities Fund	398.70	9/28/2007	0.98	4.36	38	%	3.44	41	%
Lipper Fund Ranking / Total Funds in Category					47 / 126			31 / 76
U.S. Mortgage Funds
RiverSource U.S. Government Mortgage Fund	409.80	9/28/2007	1.17	4.54	43	%	3.58	37	%	3.64	30	%
Lipper Fund Ranking / Total Funds in Category					32 / 75			27 / 72			19 / 63
Tax-Exempt Funds
California Municipal Debt Funds
RiverSource California Tax-Exempt Fund	175.60	9/28/2007	0.87	1.98	39	%	3.54	50	%	3.17	63	%
Lipper Fund Ranking / Total Funds in Category					45 / 117			53 / 105			61 / 97
General Municipal Debt Funds
RiverSource Tax-Exempt High Income Fund	2,756.20	9/28/2007	1.08	1.96	49	%	3.11	51	%	3.16	58	%
Lipper Fund Ranking / Total Funds in Category					114 / 236			112 / 220			122 / 212
RiverSource Tax-Exempt Bond Fund	731.70	9/28/2007	0.94	2.04	43	%	3.09	52	%	2.88	72	%
Lipper Fund Ranking / Total Funds in Category					101 / 236			113 / 220			152 / 212

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.

	Rankings and Annualized Returns at NAV (1)
				Fund	Since
	10 years			Inception	Inception	Ranking Since
Class A Shares by Lipper Category	Return	Ranking		Date	Return	Date	Ranking
Taxable Funds
Emerging Markets Debt Funds
RiverSource Emerging Markets Bond Fund				2/16/2006	7.91	2/16/2006	24	%
Lipper Fund Ranking / Total Funds in Category							14 / 58
Equity Market Neutral Funds
RiverSource Absolute Return Currency & Income Fund				6/15/2006	8.82	6/15/2006	17	%
Lipper Fund Ranking / Total Funds in Category							8 / 47
Global Income Funds
RiverSource Global Bond Fund	5.04	53	%	3/20/1989	7.43	3/23/1989	38	%
Lipper Fund Ranking / Total Funds in Category		29 / 54					3 / 7
High Current Yield Funds
RiverSource High Yield Bond Fund	4.17	62	%	12/8/1983	8.22	12/8/1983	46	%
Lipper Fund Ranking / Total Funds in Category		91 / 146					10 / 21
RiverSource Income Opportunities Fund				6/19/2003	7.72	6/19/2003	53	%
Lipper Fund Ranking / Total Funds in Category							186 / 351
Intermediate Investment Grade Debt Funds
RiverSource Core Bond Fund				6/19/2003	2.69	6/19/2003	65	%
Lipper Fund Ranking / Total Funds in Category							263 / 409
RiverSource Diversified Bond Fund	4.73	75	%	10/3/1974	9.07	10/3/1974	25	%
Lipper Fund Ranking / Total Funds in Category		136 / 181					1 / 3
Loan Participation Funds
RiverSource Floating Rate Fund				2/16/2006	4.96	2/16/2006	18	%
Lipper Fund Ranking / Total Funds in Category							10 / 56
Mixed-Asset Target Allocation Conservative Funds
RiverSource Income Builder Basic Income Fund				2/16/2006	8.36	2/16/2006	15	%
Lipper Fund Ranking / Total Funds in Category							55 / 371
RiverSource Income Builder Moderate Income Fund				2/16/2006	9.21	2/16/2006	6	%
Lipper Fund Ranking / Total Funds in Category							19 / 371
RiverSource Income Builder Enhanced Income Fund				2/16/2006	9.57	2/16/2006	3	%
Lipper Fund Ranking / Total Funds in Category							9 / 371
Multi-Sector Income Funds
RiverSource Strategic Income Allocation Fund				5/17/2007	0.46	5/17/2007	56	%
Lipper Fund Ranking / Total Funds in Category							77 / 137
Short-Intermediate Investment Grade Debt Funds
RiverSource Limited Duration Bond Fund				6/19/2003	2.72	6/19/2003	26	%
Lipper Fund Ranking / Total Funds in Category							31 / 120
Short U.S. Government Funds
RiverSource Short Duration U.S. Government Fund	3.95	69	%	8/19/1985	6.23	8/31/1985	17	%
Lipper Fund Ranking / Total Funds in Category		35 / 50					1 / 5
Treasury Inflation Protected Securities Funds
RiverSource Inflation Protected Securities Fund				3/4/2004	3.28	3/4/2004	44	%
Lipper Fund Ranking / Total Funds in Category							29 / 65
U.S. Mortgage Funds
RiverSource U.S. Government Mortgage Fund				2/14/2002	4.23	2/14/2002	34	%
Lipper Fund Ranking / Total Funds in Category							21 / 61
Tax-Exempt Funds
California Municipal Debt Funds
RiverSource California Tax-Exempt Fund	4.44	56	%	8/18/1986	5.73	8/31/1986	80	%
Lipper Fund Ranking / Total Funds in Category		40 / 71					16 / 19
General Municipal Debt Funds
RiverSource Tax-Exempt High Income Fund	4.33	50	%	5/7/1979	6.73	5/31/1979	46	%
Lipper Fund Ranking / Total Funds in Category		69 / 138					10 / 21
RiverSource Tax-Exempt Bond Fund	4.34	49	%	11/24/1976	5.92	11/30/1976	75	%
Lipper Fund Ranking / Total Funds in Category		68 / 138					6 / 7

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 (1)
	Max. Front
	Sales					Since
Class A Shares by Lipper Category	Charge	1 year	3 years	5 years	10 years	Inception
Taxable Funds
Emerging Markets Debt Funds
RiverSource Emerging Markets Bond Fund	4.75	4.57				4.71
Lipper Fund Ranking / Total Funds in Category
Equity Market Neutral Funds
RiverSource Absolute Return Currency & Income Fund	4.75	4.96				4.80
Lipper Fund Ranking / Total Funds in Category
Global Income Funds
RiverSource Global Bond Fund	4.75	3.05	2.94	5.81	4.53	7.15
Lipper Fund Ranking / Total Funds in Category
High Current Yield Funds
RiverSource High Yield Bond Fund	4.75	2.60	5.89	10.67	3.67	7.99
Lipper Fund Ranking / Total Funds in Category
RiverSource Income Opportunities Fund	4.75	2.18	4.66			6.50
Lipper Fund Ranking / Total Funds in Category
Intermediate Investment Grade Debt Funds
RiverSource Core Bond Fund	4.75	-0.54	1.65			1.53
Lipper Fund Ranking / Total Funds in Category
RiverSource Diversified Bond Fund	4.75	0.72	2.34	3.41	4.22	8.91
Lipper Fund Ranking / Total Funds in Category
Loan Participation Funds
RiverSource Floating Rate Fund	4.75	-1.24				1.86
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Conservative Funds
RiverSource Income Builder Basic Income Fund	4.75	3.87				5.15
Lipper Fund Ranking / Total Funds in Category
RiverSource Income Builder Moderate Income Fund	4.75	4.68				5.97
Lipper Fund Ranking / Total Funds in Category
RiverSource Income Builder Enhanced Income Fund	4.75	5.50				6.33
Lipper Fund Ranking / Total Funds in Category
Multi-Sector Income Funds
RiverSource Strategic Income Allocation Fund	4.75					-4.31
Lipper Fund Ranking / Total Funds in Category
Short-Intermediate Investment Grade Debt Funds
RiverSource Limited Duration Bond Fund	4.75	-0.65	1.57			1.56
Lipper Fund Ranking / Total Funds in Category
Short U.S. Government Funds
RiverSource Short Duration U.S. Government Fund	4.75	-0.36	1.44	1.33	3.45	5.99
Lipper Fund Ranking / Total Funds in Category
Treasury Inflation Protected Securities Funds
RiverSource Inflation Protected Securities Fund	4.75	-0.60	1.78			1.88
Lipper Fund Ranking / Total Funds in Category
U.S. Mortgage Funds
RiverSource U.S. Government Mortgage Fund	4.75	-0.43	1.91	2.64		3.33
Lipper Fund Ranking / Total Funds in Category
Tax-Exempt Funds
California Municipal Debt Funds
RiverSource California Tax-Exempt Fund	4.75	-2.86	1.87	2.18	3.93	5.49
Lipper Fund Ranking / Total Funds in Category
General Municipal Debt Funds
RiverSource Tax-Exempt High Income Fund	4.75	-2.88	1.45	2.16	3.83	6.54
Lipper Fund Ranking / Total Funds in Category
RiverSource Tax-Exempt Bond Fund	4.75	-2.80	1.43	1.88	3.84	5.75
Lipper Fund Ranking / Total Funds in Category

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.

	Total Net	Total Net	Total	Rankings and Annualized Returns at NAV (1)
	Assets	Assets	Expense	1 year			3 years			5 years
Class A Shares by Lipper Category	(Mil $ )	Date	Ratio	Return	Ranking		Return	Ranking		Return	Ranking
Intermediate Municipal Debt Funds
RiverSource Intermediate Tax-Exempt Fund	76.20	9/28/2007	0.91	2.02	80	%	2.34	69	%	2.56	70	%
Lipper Fund Ranking / Total Funds in Category					127 / 158			97 / 141			78 / 111
Massachusetts Municipal Debt Funds
RiverSource Massachusetts Tax-Exempt Fund	46.90	9/28/2007	1.08	2.14	47	%	2.88	55	%	2.71	82	%
Lipper Fund Ranking / Total Funds in Category					26 / 55			28 / 50			41 / 49
Michigan Municipal Debt Funds
RiverSource Michigan Tax-Exempt Fund	39.60	9/28/2007	1.11	2.50	29	%	3.14	54	%	3.10	58	%
Lipper Fund Ranking / Total Funds in Category					9 / 31			15 / 27			16 / 27
Minnesota Municipal Debt Funds
RiverSource Minnesota Tax-Exempt Fund	317.10	9/28/2007	1.06	2.07	36	%	2.96	60	%	3.18	58	%
Lipper Fund Ranking / Total Funds in Category					16 / 44			25 / 41			24 / 41
New York Municipal Debt Funds
RiverSource New York Tax-Exempt Fund	63.10	9/28/2007	1.20	2.19	35	%	3.09	59	%	2.95	67	%
Lipper Fund Ranking / Total Funds in Category					33 / 96			55 / 93			60 / 89
Ohio Municipal Debt Funds
RiverSource Ohio Tax-Exempt Fund	42.20	9/28/2007	1.12	2.15	53	%	2.79	60	%	2.56	77	%
Lipper Fund Ranking / Total Funds in Category					24 / 45			25 / 41			32 / 41

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.

	Rankings and Annualized Returns at NAV (1)
				Fund	Since
	10 years			Inception	Inception	Ranking Since
Class A Shares by Lipper Category	Return	Ranking		Date	Return	Date	Ranking
Intermediate Municipal Debt Funds
RiverSource Intermediate Tax-Exempt Fund	3.89	82	%	11/13/1996	4.02	11/14/1996	82	%
Lipper Fund Ranking / Total Funds in Category		61 / 74					57 / 69
Massachusetts Municipal Debt Funds
RiverSource Massachusetts Tax-Exempt Fund	4.04	75	%	7/2/1987	5.62	7/31/1987	93	%
Lipper Fund Ranking / Total Funds in Category		32 / 42					12 / 12
Michigan Municipal Debt Funds
RiverSource Michigan Tax-Exempt Fund	4.22	56	%	7/2/1987	5.79	7/31/1987	88	%
Lipper Fund Ranking / Total Funds in Category		14 / 24					7 / 7
Minnesota Municipal Debt Funds
RiverSource Minnesota Tax-Exempt Fund	4.32	49	%	8/18/1986	5.79	8/31/1986	67	%
Lipper Fund Ranking / Total Funds in Category		17 / 34					4 / 5
New York Municipal Debt Funds
RiverSource New York Tax-Exempt Fund	4.32	61	%	8/18/1986	5.60	8/31/1986	77	%
Lipper Fund Ranking / Total Funds in Category		42 / 68					13 / 16
Ohio Municipal Debt Funds
RiverSource Ohio Tax-Exempt Fund	4.03	69	%	7/2/1987	5.59	7/31/1987	89	%
Lipper Fund Ranking / Total Funds in Category		24 / 34					8 / 8

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 (1)
	Max. Front
	Sales					Since
Class A Shares by Lipper Category	Charge	1 year	3 years	5 years	10 years	Inception
Intermediate Municipal Debt Funds
RiverSource Intermediate Tax-Exempt Fund	4.75	-2.83	0.69	1.57	3.39	3.55
Lipper Fund Ranking / Total Funds in Category
Massachusetts Municipal Debt Funds
RiverSource Massachusetts Tax-Exempt Fund	4.75	-2.71	1.23	1.71	3.53	5.36
Lipper Fund Ranking / Total Funds in Category
Michigan Municipal Debt Funds
RiverSource Michigan Tax-Exempt Fund	4.75	-2.37	1.48	2.10	3.72	5.54
Lipper Fund Ranking / Total Funds in Category
Minnesota Municipal Debt Funds
RiverSource Minnesota Tax-Exempt Fund	4.75	-2.78	1.30	2.18	3.81	5.55
Lipper Fund Ranking / Total Funds in Category
New York Municipal Debt Funds
RiverSource New York Tax-Exempt Fund	4.75	-2.67	1.43	1.96	3.81	5.36
Lipper Fund Ranking / Total Funds in Category
Ohio Municipal Debt Funds
RiverSource Ohio Tax-Exempt Fund	4.75	-2.70	1.14	1.57	3.53	5.34
Lipper Fund Ranking / Total Funds in Category

⁽¹⁾ Since inception returns and rankings for periods less than one year in length are cumulative.

A2

Ameriprise Financial, Inc.

Fund Performance & Lipper Ranking

As of September 30, 2007

Source of Data:  Lipper

Important Disclosures

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.

A3

Ameriprise Financial, Inc.

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, and charges and expenses of mutual funds 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 risk 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 principle 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 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.

Portfolio Builder, Income Builder and Retirement Plus Series, 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.

“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.

A4

Ameriprise Financial, Inc.

Important Disclosures (continued)

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.

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

Brokerage, investment and financial advisory services are made available through Ameriprise Financial Services, Inc. Member FINRA 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 FINRA. 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.

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 FINRA.

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 FINRA, are all affiliated with Ameriprise Financial, Inc.

A5

EXHIBIT B

RECONCILIATION TABLES

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

B1

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Nine 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)	$	5,979		$	—		$	5,979	Total revenues
Total expenses before separation costs	5,147			238			5,385		Total expenses
Income before income tax provision and separation costs	832			(238		)	594		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs	217			(83		)	134		Income tax provision
Income before separation costs	615
Separation costs, after-tax	155
Net income (GAAP measure)	$	460					$	460	Net income

B2

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

B3

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

B4

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended March 31, 2007
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)	$	2,063	$	—		$	2,063	Total revenues
Total expenses before separation costs	1,762			85		1,847		Total expenses
Income before income tax provision and separation costs	301			(85	)	216		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs	81			(30	)	51		Income tax provision
Income before separation costs	220
Separation costs, after-tax	55
Net income (GAAP measure)	$	165				$	165	Net income

B5

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended June 30, 2007
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)	$	2,182	$	—		$	2,182	Total revenues
Total expenses before separation costs	1,874			63		1,937		Total expenses
Income before income tax provision and separation costs	308			(63	)	245		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs	71			(22	)	49		Income tax provision
Income before separation costs	237
Separation costs, after-tax	41
.
Net income (GAAP measure)	$	196				$	196	Net income

B6

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended September 30, 2007
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)	$	2,202	$	—		$	2,202	Total revenues
Total expenses before separation costs	1,925			60		1,985		Total expenses
Income before income tax provision and separation costs	277			(60	)	217		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs	40			(21	)	19		Income tax provision
Income before separation costs	237
Separation costs, after-tax	39
Net income (GAAP measure)	$	198				$	198	Net income

B7

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Nine Months Ended September 30, 2007
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)	$	6,447	$	—		$	6,447	Total revenues
Total expenses before separation costs	5,561			208		5,769		Total expenses
Income before income tax provision and separation costs	886			(208	)	678		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs	192			(73	)	119		Income tax provision
Income before separation costs	694
Separation costs, after-tax	135
Net income (GAAP measure)	$	559				$	559	Net income

B8

Ameriprise Financial, Inc.

Return on Equity Calculation

(in millions, unaudited)	ROE (1)			Adjustments			Adjusted ROE (2)
Return on Equity Calculation for the Twelve Months Ended:
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		%
March 31, 2007
Return	$	651		$	246		$	897
Equity	$	7,597		$	(215	)	$	7,382
Return on Equity	8.6		%				12.2		%
June 30, 2007
Return	$	706		$	233		$	939
Equity	$	7,649		$	(158	)	$	7,491
Return on Equity	9.2		%				12.5		%
September 30, 2007
Return	$	730		$	215		$	945
Equity	$	7,753		$	(102	)	$	7,651
Return on Equity	9.4		%				12.4		%

⁽¹⁾Return on equity is calculated using the trailing twelve months income in the numerator and equity, calculated using a five point average of quarter-end equity, in the denominator.

⁽²⁾Adjusted return on equity is calculated using adjusted earnings (income excluding non-recurring separation costs) in the numerator, and equity excluding the 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.

B9

Ameriprise Financial, Inc.

Ratio of Earnings to Fixed Charges

																3Q ’07 vs. 3Q ’06		Year-to-Date
(in millions, unaudited)	3 Qtr 2006			4 Qtr 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			% Change		2006			2007
Ratio of Earnings to Fixed Charges (1)
Earnings	$	258		$	244		$	256		$	288		$	256		(1	)%	$	708		$	800
Fixed charges	$	42		$	41		$	40		$	42		$	41		(2	)%	$	115		$	123
Ratio of earnings to fixed charges	6.1		x	6.0		x	6.4		x	6.9		x	6.2		x	2	%	6.2		x	6.5		%
Ratio of Earnings to Fixed Charges without interest expense on non-recourse debt (1)
Earnings	$	258		$	244		$	256		$	288		$	256		(1	)%	$	708		$	800
Interest expense on non-recourse debt:
Interest on debt of CDO consolidated per FIN 46(R)	(4		)	(4		)	(4		)	(5		)	(3		)	25	%	(14		)	(12		)
Interest on debt of Threadneedle managed property fund limited partnerships consolidated per EITF 04-5	(2		)	—			—			—			—				#	(6		)	—
	(6		)	(4		)	(4		)	(5		)	(3		)	50	%	(20		)	(12		)
Total earnings	$	252		$	240		$	252		$	283		$	253		—		$	688		$	788
Fixed charges	$	42		$	41		$	40		$	42	%	$	41		(2	)%	$	115		$	123
Interest expense on non-recourse debt:
Interest on debt of CDO consolidated per FIN 46(R)	(4		)	(4		)	(4		)	(5		)	(3		)	25	%	(14		)	(12		)
Interest on debt of Threadneedle managed property fund limited partnerships consolidated per EITF 04-5	(2		)	—			—			—			—				#	(6		)	—
	(6		)	(4		)	(4		)	(5		)	(3		)	50	%	(20		)	(12		)
Total fixed charges	$	36		$	37		$	36		$	37		$	38		6	%	$	95		$	111
Ratio of earnings to fixed charges without interest expense on non-recourse debt	7.0		x	6.5		x	7.0		x	7.6		x	6.7		x	(4	)%	7.2		x	7.1		x

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

#  Variance of 100% or greater.

B10

Ameriprise Financial, Inc.

Third Quarter 2007

Disclosed Items

	Asset Accumulation and Income										Protection					Summary Impacts
(in millions, unaudited)	DAC (1)			Loan Provision Reserve (2)		Variable Annuity Rider Impact (3)			Investment Gains (4)		DAC (1)			Investment Gains (4)		Consolidated				AA&I			Protection
Revenues
Management, financial advice and service fees	$	—		$	—	$	—		$	—	$	—		$	—	$		—		$	—		$	—
Distribution fees
Net investment income				23		57			12					3		95				92			3
Premiums
Other revenues
Total revenues	—			23		57			12		—			3		95				92			3
Expenses
Compensation and benefits field
Compensation and benefits non-field
Interest credited to account values
Benefits, claims, losses and settlement expenses	3					123					11					137				126			11
Amortization of deferred acquisition costs	(4		)			(34		)			20					(18			)	(38		)	20
Interest and debt expense
Other expenses
Total expenses	(1		)			89			—		31			—		119				88			31
Income before tax provision and separation costs	$	1		$	23	$	(32	)	$	12	$	(31	)	$	3	$	24			$	4		$	(28	)
Income tax benefit (5)																$	21

⁽¹⁾ Annual DAC review (see below).

⁽²⁾ Loan provision reserve adjustment for commercial real estate loans.

⁽³⁾ Variable annuity rider benefits impact including hedges.

⁽⁴⁾ Pretax net realized investment gains.

⁽⁵⁾ Income Tax impact of APB 23 related to repatriation of Threadneedle earnings.

The $30 million DAC unlocking expense increase in the third quarter of 2007 primarily consisted of:

•a $35 million increase in expense from updating product persistency assumptions;

•a $13 million decrease in expense from updating assumptions as to separate account fee levels and net variable annuity rider charges; and

•an $8 million increase in expense from updating at other assumptions.

C1

Ameriprise Financial, Inc.

Second Quarter 2007

Disclosed Items

	AA&I		Corporate		Summary Impacts
(in millions, unaudited)	Investment Gains (1)		Investment Gains (1)		Consolidated		AA&I		Corporate
Revenues
Management, financial advice and service fees	$	—	$	—	$	—	$	—	$	—
Distribution fees
Net investment income	1		1		2		1		1
Premiums
Other revenues
Total revenues	1		1		2		1		1
Expenses
Compensation and benefits field
Compensation and benefits non-field
Interest credited to account values
Benefits, claims, losses and settlement expenses
Amortization of deferred acquisition costs
Interest and debt expense
Other expenses
Total expenses	—		—		—		—		—
Income before tax provision and separation costs	$	1	$	1	$	2	$	1	$	1
Income tax benefit (2)					$	16

⁽¹⁾  Pretax net realized investment gains.

⁽²⁾  Decrease in tax expenses as a result of the finalization of prior period tax returns.

C2

	Asset Accumulation and Income								Protection										Summary Impacts
				Investment										Investment
(in millions, unaudited)	DAC (1)			Gains (3)		Amaranth (4)			DAC (1)			LTC (5)		Gains (3)		Amaranth (4)			Consolidated			AA&I			Protection
Revenues
Management, financial advice and service fees	$	—		$	—	$	—		$	—		$	—	$	—	$	—		$	—		$	—		$	—
Distribution fees
Net investment income				12		(15		)						2		(5		)	(6		)	(3		)	(3		)
Premiums												15							15						15
Other revenues									(1		)								(1		)				(1		)
Total revenues	—			12		(15		)	(1		)	15		2		(5		)	8			(3		)	11
Expenses
Compensation and benefits field
Compensation and benefits non-field
Interest credited to account values
Benefits, claims, losses and settlement expenses									12										12						12
Amortization of deferred acquisition costs	14								(52		)								(38		)	14			(52		)
Interest and debt expense
Other expenses
Total expenses	14			—		—			(40		)	—		—		—			(26		)	14			(40		)
Income before tax provision	$	(14	)	$	12	$	(15	)	$	39		$	15	$	2	$	(5	)	$	34		$	(17	)	$	51
Income tax benefit(2)																			$	13

⁽¹⁾Annual DAC review (see below)

⁽²⁾Decrease in tax expense as a result of the finalization of prior period tax returns.

⁽³⁾Pretax realized net investment gains.

⁽⁴⁾Represents the write-down of a single hedge fund investment externally managed by Amaranth.

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

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

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

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

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

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

     •  a $1 million benefit from other miscellaneous items.

C3