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)  December 3, 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 Center
Minneapolis, Minnesota	55474
(Address of principal executive offices)	(Zip Code)

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

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

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 7.01               Regulation FD Disclosure

On December 3, 2007, Ameriprise Financial, Inc. (the “Company”) announced a change in its reportable segments. We will begin reporting our financial results with the new segments beginning with our year-end 2007 results. The revised presentation of previously reported segment data, applied retroactively to all periods presented, will be officially reported in our SEC filings commencing with the Form 10-K for the year ended December 31, 2007. In connection with this effort, we are providing a narrative description of our enhanced transfer pricing methodology and a summary of the reclassifications made to previously reported balances. We believe this will facilitate comparison with how we expect to present our consolidated financial statements in our 2007 Annual Report. The reclassifications did not result in any changes to consolidated net income or shareholders’ equity. The changes resulting from an enhanced transfer pricing methodology and reclassifications are attached as Exhibit 99.1 to this Current Report on Form 8-K and are incorporated herein by reference and furnished herewith. In addition, the Company furnishes herewith, as Exhibit 99.2, Historical Financial and Metric Information.

We follow accounting principles generally accepted in the United States (“U.S. GAAP”). The financial information furnished as Exhibit 99.2 includes information on both a U.S. GAAP and non-GAAP basis.

The non-GAAP measures in Exhibit 99.2 exclude items that are a direct result of our separation from American Express Company, which consist of discontinued operations, AMEX Assurance and non-recurring separation costs. Our non-GAAP financial measures, which our management views as important indicators of financial performance, include: Adjusted earnings or net income excluding AMEX Assurance net income, income from discontinued operations, after-tax and separation costs, after-tax; Adjusted pretax margin using as the numerator pretax income excluding discontinued operations, AMEX Assurance and separation costs and as the denominator adjusted net revenue or net revenues excluding AMEX Assurance; Adjusted earnings margin using as the numerator adjusted earnings and as the denominator adjusted net revenue; Adjusted net revenue growth or net revenue growth excluding AMEX Assurance; Adjusted return on equity or return on equity excluding the impact of our separation from American Express Company using as the numerator adjusted earnings for the last 12 months and as the denominator a five-point average of equity excluding both the assets and liabilities of discontinued operations and equity allocated to expected non-recurring separation costs as of the last day of the preceding four quarters and the current quarter; Adjusted earnings per diluted share; Total expenses before separation costs for the Corporate & Other segment; Consolidated and Protection segment income statements for the year ended December 31, 2005 adjusted to exclude AMEX Assurance and separation costs; Income before income tax provision, discontinued operations and separation costs; Income tax provision before tax benefit attributable to separation costs; Income before discontinued operations and separation costs; and Separation costs, after-tax. Management believes that the presentation of these non-GAAP financial measures excluding these specific income statement impacts best reflect 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 Exhibit 99.2 debt to capital ratios excluding non-recourse debt of structured entities consolidated in accordance with FIN 46(R), EITF 04-5 and other accounting literature and with a 75% equity credit for our junior subordinate debt. Management believes that the debt to capital ratios excluding this non-recourse debt better represents our capital structure.

Item 9.01               Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.	Description
Exhibit 99.1	Changes Resulting from an Enhanced Transfer Pricing Methodology and Certain Reclassifications
Exhibit 99.2	Historical Financial and Metric Information

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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: December 3, 2007	By	/s/ Walter S. Berman
		Walter S. Berman
		Executive Vice President and
		Chief Financial Officer

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EX-99.1

                                                                                                                                                 
60;              Exhibit 99.1

Changes Resulting from an Enhanced Transfer Pricing Methodology and Certain Reclassifications

                                                                (unaudited)

Summary of Major Changes

During the fourth quarter of 2007, Ameriprise Financial, Inc. (the “Company” or “Ameriprise”) completed the implementation of an enhanced transfer pricing methodology and expanded its segment presentation from three to five segments to align with the way the Chief Operating Decision Maker views the business. This facilitates greater transparency of the relationships between the businesses and better comparison to other industry participants in the retail advisor distribution, asset management, insurance and annuity industries. In addition, we changed the format of our consolidated statement of income and made reclassifications to enhance transparency. We also made reclassifications on our consolidated balance sheet to better align the financial statement captions with the key drivers of the business. These reclassifications did not result in any changes to consolidated net income or shareholders’ equity.

The Company will report results for five segments commencing with our earnings release for the quarter ended December 31, 2007.  The five segments will be Advice & Wealth Management, Asset Management, Annuities, Protection and Corporate & Other. Prior to this change, we reported results for three segments: Asset Accumulation and Income, Protection and Corporate and Other. The change from three segments to five is primarily the division of the former Asset Accumulation and Income segment into the Advice & Wealth Management, Asset Management and Annuities segments.

The Company also modified the business metrics reported in its quarterly statistical supplement to tighten linkages between changes in these metrics and changes in the new segment income statements. See Exhibit 99.2 Historical Financial and Metric Information.

Consistent with our prior representation, our segments do not completely align with legal entities. For instance, adding the financial results of the Annuities and Protection segments together does not equal the RiverSource Life Insurance Company (“RiverSource Life”) consolidated financial results. Arm’s length transfer pricing is used for segment reporting and in several material instances does not apply to legal entities.

Changes Resulting from an Enhanced Transfer Pricing Methodology

Each segment records revenues and expenses as if they were each a stand-alone business using our enhanced transfer pricing methodology. Transfer pricing uses market-based arm’s length transfer pricing rates for specific services provided. We will review the transfer pricing rates periodically and will make appropriate adjustments to ensure the arm’s length rates remain at current market levels. Costs related to shared services are allocated to segments based on their usage of the services provided.

The largest source of intersegment revenues and expenses is retail distribution services, where segments are charged an arm’s length market rate for distribution through our Advice & Wealth Management segment. The Advice & Wealth Management segment provides distribution services for proprietary and non-proprietary products and services. The Asset Management segment provides investment management services for our owned assets and client assets, and accordingly charges investment and advisory management fees to the other segments.

Cost Allocations to Segments

All costs related to shared services are allocated to the segments based on a rate times volume or fixed basis.

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The new segments are as follows:

Advice & Wealth Management

This segment provides financial advice and full service brokerage and banking services, primarily to retail clients, through our financial advisors. Our advisors distribute a diversified selection of both proprietary and non-proprietary products to help clients meet their financial needs. A significant portion of revenues in this segment are fee-based, driven by the level of client assets, which is impacted by both market movements and net asset flows. We also earn net investment income on owned assets from primarily certificate and banking products. This segment earns revenues (Distribution fees) for distributing non-proprietary products and earns intersegment revenues (Distribution fees) for distributing our proprietary products and services to our retail clients. Intersegment expenses for this segment include expenses for investment management services provided by our Asset Management segment.

Asset Management

This segment provides investment advice and investment products to retail and institutional clients. Threadneedle Investments predominantly provides international investment products and services, and RiverSource Investments predominantly provides domestic products and services. Domestic retail products are primarily distributed through our Advice & Wealth Management segment and also through third-party distribution. International retail products are primarily distributed through third parties. Products accessed by consumers on a retail basis include mutual funds, variable product funds underlying insurance and annuity separate accounts, separately managed accounts and collective funds. Asset Management products are also distributed directly to institutions through an institutional sales force. Institutional asset management products include traditional asset classes separate accounts, collateralized loan obligations, hedge funds and property funds. Revenues in this segment are primarily earned as fees based on managed asset balances which are impacted by both market movements and net asset flows. This segment earns intersegment revenue for investment management services. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management, Annuities and Protection segments.

Annuities

This segment provides RiverSource Life variable and fixed annuity products to our retail clients primarily distributed through our Advice & Wealth Management segment and to the retail clients of unaffiliated distributors through third-party distribution. Revenues for our variable annuity products are primarily earned as fees based on underlying account balances, which are impacted by both market movements and net asset flows. Revenues for our fixed annuity products are primarily earned as net investment income on underlying account balances, with profitability significantly impacted by the spread between net investment income earned and interest credited on the fixed account balances. We also earn net investment income on owned assets supporting annuity benefit reserves and capital supporting the business. Intersegment revenues for this segment reflect fees paid by our Asset Management segment for marketing support and other services provided in connection with the availability of RiverSource funds under the variable annuity contracts. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management segment, as well as expenses for investment management services provided by our Asset Management segment.

Protection

This segment offers a variety of protection products to address the identified protection and risk management needs of our retail clients including life, disability income and property-casualty insurance. Life and disability income products are primarily distributed through our Advice & Wealth Management segment. Our property-casualty products are sold direct, primarily through affinity relationships. The primary sources of revenues for this segment are premiums, fees, and charges that we receive to assume insurance-related risk. We earn net investment income on owned assets supporting insurance reserves and capital supporting the business. We also receive fees based on the level of assets supporting variable universal life separate account balances. This segment earns intersegment revenues from fees paid by our Asset Management segment for marketing support and other services provided in connection with the availability of RiverSource funds under the variable universal life contracts. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management segment, as well as expenses for investment management services provided by our Asset Management segment.

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Corporate & Other

This segment consists of net investment income on corporate level assets, including unallocated equity and other revenues from various investments as well as unallocated corporate expenses. This segment also includes non-recurring costs associated with our separation from American Express, which will end in 2007.

The following tables identify the transfer pricing impact on 2006 Total net revenues, Total expenses and Pretax income (loss) by segment (in millions).

Advice & Wealth Management

2006	Transfer Pricing Impact		Total
Total net revenues	$	1,025	$	3,335
Total expenses	5		3,139
Pretax income	$	1,020	$	196

The majority of intersegment transfer pricing revenues reported in this segment are fees received for distribution services.  Intersegment transfer pricing expenses represent investment management fees paid to the Asset Management segment.

Asset Management

2006	Transfer Pricing Impact			Total
Total net revenues	$	25		$	1,751
Total expenses	342			1,498
Pretax income (loss)	$	(317	)	$	253

Intersegment transfer pricing revenues reflect fees earned for providing investment management services for owned assets. Intersegment transfer pricing expenses primarily represent distribution fees paid to the Advice & Wealth Management, Annuities and Protection segments.

Annuities

2006	Transfer Pricing Impact			Total
Total net revenues	$	53		$	2,196
Total expenses	516			1,732
Pretax income (loss)	$	(463	)	$	464

Intersegment transfer pricing revenues reflect fees paid by the Asset Management segment for marketing support and other services provided in connection with the availability of RiverSource funds under the variable annuity contracts. Intersegment transfer pricing expenses primarily represent distribution fees paid to the Advice & Wealth Management segment and investment management fees paid to the Asset Management segment.

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Protection

2006	Transfer Pricing Impact			Total
Total net revenues	$	7		$	1,891
Total expenses	246			1,457
Pretax income (loss)	$	(239	)	$	434

Intersegment transfer pricing revenues include fees paid by the Asset Management segment for marketing support and other services provided in connection with the availability of RiverSource funds under the variable universal life contracts. Intersegment transfer pricing expenses primarily represent distribution fees paid to the Advice & Wealth Management segment and investment management fees paid to the Asset Management segment.

Corporate & Other

2006	Transfer Pricing Impact			Total
Total net revenues	$	—		$	28
Total expenses	1			578
Pretax loss	$	(1	)	$	(550	)

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Changes Resulting from Certain Reclassifications

We changed the format of our consolidated statement of income and made reclassifications to enhance transparency. We also made reclassifications on our consolidated balance sheet to better align the financial statement captions with the key drivers of the business.

Consolidated Statement of Income

The following table shows the impact of the new captions and the reclassifications made to our previously reported Consolidated Statement of Income for the year ended December 31, 2006.

(in millions)	As Reported 2006		Reclassified 2006
Revenues
Management and financial advice fees	$	2,965	$	2,700
Distribution fees	1,300		1,569
Net investment income	2,204		2,247
Premiums	932		1,070
Other revenues	739		707
Total revenues	8,140		8,293
Banking and deposit interest expense	—		273
Total net revenues	8,140		8,020
Expenses
Compensation and benefits	3,113		—
Distribution expenses	—		1,728
Interest credited to fixed accounts	1,264		968
Benefits, claims, losses and settlement expenses	930		1,113
Amortization of deferred acquisition costs	472		472
Interest and debt expense	116		101
Separation costs	361		361
Other expenses	1,087		—
General and administrative expense	—		2,480
Total expenses	7,343		7,223
Income before income tax provision	797		797
Income tax provision	166		166
Net income	$	631	$	631

The following is a description of our income statement captions, the type of revenue or expense items included within each caption, as well as reclassifications from the prior presentation. We did not change our revenue and expense recognition policies and the reclassifications did not result in any changes to consolidated net income or shareholders’ equity.

Management and Financial Advice Fees

Management and financial advice fees relate primarily to fees earned from managing retail mutual funds, separate account and wrap account assets, institutional investments including structured investments, as well as fees earned from providing financial advice and administrative services (including transfer agent, administration and custodial fees earned from providing services to retail mutual funds). Management and financial advice fees also include mortality and expense risk fees earned on separate account assets. Prior to the sale of our defined contribution recordkeeping business in the second quarter of 2006, Management and financial advice fees included 401(k) administrative fees.

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Distribution Fees

Distribution fees primarily include point-of-sale fees (such as mutual fund front-end sales loads) and asset-based fees (such as 12b-1 distribution and shareholder service fees) that are generally based on a contractual percentage of assets and recognized when earned. Distribution fees also include amounts paid or received under marketing support arrangements for sales of mutual funds (both proprietary and non-proprietary) and other companies’ products, such as those sold through our wrap accounts, as well as surrender charges on fixed and variable universal life insurance and annuities.

Reclassifications from Management and Financial Advice Fees to Distribution Fees

We reclassified the portion of 12b-1 fees identified as service fees on proprietary funds and marketing support type payments received from non-proprietary fund families for variable annuity and variable universal life products from Management and financial advice fees to Distribution fees to better align with industry standards. For 2006, this reclassification decreased Management and financial advice fees $260 million and increased Distribution fees by a like amount. The reclassified 12b-1 fees are reported in the Asset Management segment and were $159 million in 2006. The reclassified marketing support type payments are reported in the Annuities and Protection segments and were $101 million in 2006.

Net Investment Income

Net investment income primarily includes interest income on fixed maturity securities classified as Available-for-Sale, commercial mortgage loans, policy loans, consumer loans, other investments and cash and cash equivalents; the mark-to-market adjustment on trading securities, including seed money, and certain derivatives, including derivatives hedging variable annuity living benefits; the pro rata share of net income or loss on equity method investments in hedge funds; and realized gains and losses on the sale of securities and charges for securities determined to be other-than-temporarily impaired. We reclassified variable interest entity and banking interest expense from Net investment income to Banking and deposit interest expense, a new caption on our consolidated statement of income, to align with the presentation used by the banking industry. For 2006, this reclassification increased Net investment income $46 million and increased Banking and deposit interest expense by a like amount. This reclassification primarily impacts the Asset Management and Advice & Wealth Management segments.

Premiums

Premiums include premiums on property-casualty insurance, net of reinsurance, Traditional life and health (disability income and long-term care) insurance, net of reinsurance, and immediate annuities with a life contingent feature. Historically, premiums, benefits and interest credited to immediate annuities with life contingencies have been recorded net, as a component of Interest credited to fixed accounts. We reclassified premiums related to immediate annuities with life contingencies from Interest credited to fixed accounts to Premiums. For 2006, this reclassification increased Premiums $138 million and increased Interest credited to fixed accounts by a like amount. This product is reported in the Annuities segment.

Other Revenues

Other revenues include certain charges assessed on fixed and variable universal life insurance and annuities, which consist of cost of insurance charges, net of reinsurance premiums for universal life insurance products, variable annuity guaranteed benefit rider charges and administration charges against contractholder accounts or balances. Other revenues also include revenues related to certain limited partnerships that were consolidated beginning in 2006. We reclassified reinsurance premiums paid for universal life and variable universal life products from Benefits, claims, losses and settlement expenses to Other revenues. For 2006, this reclassification

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decreased Other revenues $39 million and decreased Benefits, claims, losses and settlement expenses by a like amount. This reclassification impacts the Protection segment.

Banking and Deposit Interest Expense

This new expense line reflects the standard presentation for our banking products. Banking and deposit interest expense primarily includes interest expense related to banking deposits, investment certificates and the related embedded derivatives and cash collateral received from counterparties in securities lending activities. Additionally, Banking and deposit interest expense includes interest on non-recourse debt of a consolidated structured entity, as well as interest expense related to debt of certain limited partnerships that were consolidated beginning in 2006. In addition to the $46 million of variable interest entity and banking interest expense that we reclassified from Net investment income, we reclassified $211 million of interest credited to certificate deposit products from Interest credited to fixed accounts and $15 million of interest expense primarily related to the debt of limited partnerships managed by our Asset Management segment and stock loan interest expense from Interest and debt expense to Banking and deposit interest expense for 2006. These reclassifications impact the Asset Management and Advice & Wealth Management segments.

Distribution Expenses

This new line aligns how we report expenses with industry participants. Distribution expenses primarily include compensation paid to our financial advisors, registered representatives, third-party distributors and wholesalers, net of amounts capitalized and amortized as part of deferred acquisition costs (“DAC”).The amounts capitalized and amortized are based on actual distribution costs, not arm’s length transfer pricing rates. The majority of these costs, such as advisor and wholesaler compensation, vary directly with the level of sales; a portion of these costs, such as certain expenses associated with managing and supporting financial advisors, do not. Distribution expenses also include marketing support and other distribution and administration related payments made to affiliated and unaffiliated distributors of products provided by our affiliates. The majority of these expenses vary with the level of sales, or assets held, by these distributors or are fixed costs. This line includes expenses previously reported as Compensation and benefits — field. For 2006, we reclassified $1.3 billion of Non-field compensation to General and administrative expense, which impacts all segments. This new line also includes wholesaling costs which were historically reported in Other expenses. For 2006, Distribution expenses increased $34 million, net of capitalization of $51 million, with a corresponding decrease to Other expenses, now called General and administrative expense. This change impacts all segments. We reclassified capitalization related to distribution expenses from Other expenses to Distribution expenses, which impacts the Annuities and Protection segments. For 2006, this reclassification decreased Distribution expenses $71 million and increased Other expenses by a like amount.

Interest Credited to Fixed Accounts

Interest credited to fixed accounts represents amounts earned by contractholders and policyholders on fixed account values associated with fixed and variable universal life and annuity contracts. We reclassified interest credited to certificate deposit products from this line to Banking and deposit interest expense. For 2006, this reclassification decreased Interest credited to fixed accounts $211 million and increased Banking and deposit interest expense by a like amount. These products are reported in the Advice & Wealth Management segment. Historically, premiums, benefits and interest credited to immediate annuities with life contingencies have been recorded net, as a component of Interest credited to fixed accounts. We reclassified premiums related to immediate annuities with life contingencies from Interest credited to fixed accounts to Premiums. For 2006, this reclassification increased Interest credited to fixed accounts $138 million and increased Premiums by a like amount. This product is reported in the Annuities segment. We reclassified benefit expenses related to immediate annuities with life contingencies from Interest credited to fixed accounts to Benefits, claims, losses and settlement expenses. For 2006, this reclassification decreased Interest credited to fixed accounts $223 million and increased Benefits, claims, losses and settlement expenses by a like amount. This change also impacts the Annuities segment.

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Benefits, Claims, Losses and Settlement Expenses

Benefits, claims, losses and settlement expenses consist of amounts paid and changes in liabilities held for anticipated future benefit payments under insurance policies and annuity contracts, including benefits paid under optional variable annuity guaranteed benefit riders, along with costs to process and pay such amounts. Amounts are net of benefit payments recovered or expected to be recovered under reinsurance contracts. Benefits, claims, losses and settlement expenses also include amortization of deferred sales inducement costs. We reclassified reinsurance premiums for variable insurance products from this line to Other revenues, where cost of insurance fees are reported. For 2006, this reclassification decreased Benefits, claims, losses and settlement expenses $39 million and decreased Other revenues by a like amount. This change impacts the Protection segment. We reclassified benefit expenses related to immediate annuities with life contingencies from Interest credited to fixed accounts to Benefits, claims, losses and settlement expenses. For 2006, this reclassification increased Benefits, claims, losses and settlement expenses $223 million and decreased Interest credited to fixed accounts by a like amount. This change impacts the Annuities segment.

Amortization of Deferred Acquisition Costs

Direct sales commissions and other costs deferred as DAC, which are associated with the sale of annuity, insurance and certain mutual fund products, are amortized over time. For annuity and universal life contracts, DAC are amortized based on projections of estimated gross profits over amortization periods equal to the approximate life of the business. For other insurance products, DAC are generally amortized as a percentage of premiums over amortization periods equal to the premium-paying period. For certain mutual fund products, DAC are generally amortized over fixed periods on a straight-line basis adjusted for redemptions.

Interest and Debt Expense

Interest and debt expense primarily includes interest on corporate debt, the impact of interest rate hedging activities and amortization of debt issuance costs. We reclassified interest expense related to the limited partnerships managed by our Asset Management segment and interest expense related to stock loans to Banking and deposit interest expense. For 2006, this reclassification decreased Interest and debt expense $15 million and increased Banking and deposit interest expense by a like amount. These changes impact the Asset Management and Advice & Wealth Management segments.

Separation Costs

Separation costs include expenses related to the separation from American Express. Separation costs primarily relate to advisor and employee retention program costs, costs associated with establishing the Ameriprise brand and costs to separate and reestablish our technology platforms. These costs are reported in the Corporate & Other segment and will end in the fourth quarter of 2007.

General and Administrative Expense

General and administrative expense primarily includes compensation, share-based awards and other benefits for employees (other than employees directly related to distribution including financial advisors and registered representatives), professional and consultant fees, information technology and communications, facilities and equipment, advertising and promotion, and legal and regulatory. General and administrative expense is net of amounts capitalized as DAC. General and administrative expense also includes expenses related to certain limited partnerships that were consolidated beginning in 2006, which primarily consist of the portion of net income of these partnerships we do not own. The majority of the expenses in this line were previously reported as Compensation and benefits — non-field and Other expenses. The new presentation better aligns with peer presentations of these expenses. These changes impact all segments. Non-field compensation and benefits were $1.3 billion in 2006. We reclassified wholesaling costs, net of capitalization, to Distribution expenses. This change impacts all segments and was a decrease to General and administrative expense of $34 million, net of capitalization of $51 million and an increase to Distribution expenses by a like amount in 2006. We reclassified capitalization related to distribution expenses from Other expenses to Distribution expenses. This change impacts the Annuities and Protection segments and resulted in an increase to General and administrative expense of $71 million and a decrease to Distribution expenses by a like amount in 2006.

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Consolidated Balance Sheet

The following table shows the impact of the reclassifications made to our previously reported Consolidated Balance Sheet as of December 31, 2006.

(in millions)	As Reported 2006		Reclassified 2006
Assets
Cash and cash equivalents	$	2,717	$	2,760
Investments	35,553		35,504
Separate account assets	53,848		53,848
Receivables	2,960		3,161
Deferred acquisition costs	4,499		4,499
Restricted and segregated cash	1,236		1,254
Other assets	3,359		3,455
Total assets	$	104,172	$	104,481
Liabilities and Shareholders’ Equity
Liabilities
Future policy benefits and claims	$	30,033	$	30,031
Separate account liabilities	53,848		53,848
Customer deposits	6,707		6,707
Debt	2,225		2,244
Accounts payable and accrued expenses	1,788		1,407
Other liabilities	1,646		2,319
Total liabilities	96,247		96,556
Shareholders’ Equity	7,925		7,925
Total liabilities and shareholders’ equity	$	104,172	$	104,481

Reclassifications:

Threadneedle Asset Management Holdings Limited historically classified its short-term investments in money market funds as Investments. Consistent with the U.S. classification policy we use, these are now reported in Cash and cash equivalents and Restricted and segregated cash. For 2006, this reclassification increased Cash and cash equivalents $43 million and increased Restricted and segregated cash $18 million with a decrease of $61 million to Investments. Securities lending and borrowing activity related to brokerage customer deposits were previously recorded on a net basis within Receivables. We reclassified securities loaned of $203 million from Receivables to Other liabilities resulting in an increase to each line. We reclassified a $110 million debit balance in Other liabilities related to federal income taxes to Other assets resulting in an increase to each line and we reclassified $363 million of various liabilities from Accounts payable and accrued expenses to Other liabilities based on the nature of the liability and the timing of its settlement.

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EX-99.2

Exhibit 99.2

Historical Financial and Metric Information

(unaudited)

Full Year 2005 and Quarterly through 3rd Quarter 2007

Ameriprise Financial, Inc.

Historical Financial and Metric Information

Table of Contents

	Page
Ameriprise Financial, Inc.
Consolidated Income Statements	4
Consolidated, Per Share Summary	6
Advice & Wealth Management Segment
Segment Income Statements - Historical, YTD	8
Segment Metrics	9
Asset Management Segment
Segment Income Statements - Historical, YTD	11
Segment Metrics	12
RiverSource Asset Management Products	13
Threadneedle Asset Management Products	14
Annuities Segment
Segment Income Statements - Historical, YTD	16
Segment Metrics	17
Protection Segment
Segment Income Statements - Historical, YTD	19
Segment Metrics	20
Corporate & Other Segment
Segment Income Statements - Historical, YTD	22
Eliminations
Income Statements - Historical, YTD	23
AMEX Assurance
Income Statements - Historical, YTD	24
Balance Sheet and Ratings Information
Consolidated Balance Sheets	26
Capital and Ratings Information	27
Investments	28
Non-GAAP Financial Information	29
Glossary of Selected Terminology
Glossary of Selected Terminology - Segments	30
Glossary of Selected Terminology	31
Exhibit A
RiverSource Mutual Fund Performance and Lipper Ranking	A series
Exhibit B
Reconciliation Tables	B series

2

Historical Financial and Metric Information

(unaudited)

Full Year 2005 and Quarterly through 3rd Quarter 2007

Consolidated Results

3

Ameriprise Financial, Inc.

Consolidated Income Statements

	Full Year
(in millions unless otherwise noted, unaudited)	2005			1 Qtr 2006		2 Qtr 2006		3 Qtr 2006		4 Qtr 2006
Revenues
Management and financial advice fees	$	2,334		$	644	$	654	$	657	$	745
Distribution fees	1,401			367		392		366		444
Net investment income	2,272			581		532		541		593
Premiums	1,129			260		252		283		275
Other revenues	500			136		251		157		163
Total revenues	7,636			1,988		2,081		2,004		2,220
Banking and deposit interest expense	240			66		57		69		81
Total net revenues	7,396			1,922		2,024		1,935		2,139
Expenses
Distribution expenses	1,465			410		427		417		474
Interest credited to fixed accounts	1,019			247		243		240		238
Benefits, claims, losses and settlement expenses	1,083			279		262		280		292
Amortization of deferred acquisition costs	431			128		153		87		104
Interest and debt expense	67			20		23		29		29
Separation costs	293			67		84		87		123
General and administrative expense	2,293			580		646		578		676
Total expenses	6,651			1,731		1,838		1,718		1,936
Income before income tax provision and discontinued operations	745			191		186		217		203
Income tax provision	187			46		45		43		32
Income before discontinued operations	558			145		141		174		171
Discontinued operations - net of tax	16			—		—		—		—
Net income	$	574		$	145	$	141	$	174	$	171
Adjusted Earnings Reconciliation (1)
Net income	$	574		$	145	$	141	$	174	$	171
AMEX Assurance, net income	(56		)	—		—		—		—
Income from discontinued operations, after-tax	(16		)	—		—		—		—
Separation costs , after-tax (2)	191			44		54		57		80
Adjusted earnings	$	693		$	189	$	195	$	231	$	251

											3 Qtr 2007
									Year-to-		vs.
(in millions unless otherwise noted, unaudited)	Full Year 2006		1 Qtr 2007		2 Qtr 2007		3 Qtr 2007		Date 2007		3 Qtr 2006 % Change
Revenues
Management and financial advice fees	$	2,700	$	722	$	788	$	798	$	2,308	21	%
Distribution fees	1,569		418		494		435		1,347		19	%
Net investment income	2,247		532		501		565		1,598		4	%
Premiums	1,070		257		266		269		792		(5)	%
Other revenues	707		167		164		165		496		5	%
Total revenues	8,293		2,096		2,213		2,232		6,541		11	%
Banking and deposit interest expense	273		69		75		62		206		(10	)%
Total net revenues	8,020		2,027		2,138		2,170		6,335		12	%
Expenses
Distribution expenses	1,728		478		533		519		1,530		24	%
Interest credited to fixed accounts	968		217		224		214		655		(11	)%
Benefits, claims, losses and settlement expenses	1,113		251		264		417		932		49	%
Amortization of deferred acquisition costs	472		134		125		128		387		47	%
Interest and debt expense	101		29		29		27		85		(7	)%
Separation costs	361		85		63		60		208		(31	)%
General and administrative expense	2,480		617		655		588		1,860		2	%
Total expenses	7,223		1,811		1,893		1,953		5,657		14	%
Income before income tax provision and discontinued operations	797		216		245		217		678		0	%
Income tax provision	166		51		49		19		119		(56	)%
Income before discontinued operations	631		165		196		198		559		14	%
Discontinued operations - net of tax	—		—		—		—		—		—
Net income	$	631	$	165	$	196	$	198	$	559	14	%
Adjusted Earnings Reconciliation (1)
Net income	$	631	$	165	$	196	$	198	$	559	14	%
AMEX Assurance, net income	—		—		—		—		—		—
Income from discontinued operations, after-tax	—		—		—		—		—		—
Separation costs , after-tax (2)	235		55		41		39		135		(32	)%
Adjusted earnings	$	866	$	220	$	237	$	237	$	694	3	%

⁽¹⁾See non-GAAP Financial Information.

⁽²⁾In GAAP financial statements, separation costs are part of continuing operations. For this non-GAAP presentation, after-tax separation costs are calculated using the statutory tax rate of 35%.

4

Ameriprise Financial, Inc.

Consolidated Income Statements

(in millions unless otherwise noted, unaudited)	Full Year 2005			1 Qtr 2006			2 Qtr 2006			3 Qtr 2006			4 Qtr 2006
Income Statement Metrics
Pretax income margin	10.1		%	9.9		%	9.2		%	11.2		%	9.5		%
Net income margin	7.8		%	7.5		%	7.0		%	9.0		%	8.0		%
Adjusted pretax margin (1)	13.2		%	13.4		%	13.3		%	15.7		%	15.2		%
Adjusted earnings margin (1)	9.5		%	9.8		%	9.6		%	11.9		%	11.7		%
Net Investment Income
Investment income on fixed maturities	$	2,104		$	520		$	509		$	504		$	500
Realized gains (losses)	67			4			6			14			27
Hedges related to certificate deposits	15			9			(3		)	11			11
Hedges related to interest credited	4			4			(3		)	4			8
Hedges related to variable annuities benefits	2			(11		)	(8		)	3			(3		)
Affordable housing amortization	(60		)	(12		)	(11		)	(11		)	(10		)
Other (including seed money)	140			67			42			16			60
Total net investment income	$	2,272		$	581		$	532		$	541		$	593
Other Information
Goodwill and intangible assets	$	816		$	813		$	834		$	843		$	871
Dividends paid	244			28			27			27			26
Common stock share repurchases	$	—		$	275		$	41		$	106		$	48
Return on equity before discontinued operations	8.0		%	7.4		%	7.1		%	7.6		%	8.3		%
Adjusted net revenue growth: Target 6 - 8% (1)	NA			NA			NA			NA			NA
Adjusted return on equity: Target 12 - 15% (1)	10.2		%	10.4		%	10.7		%	11.2		%	11.8		%
Adjusted earnings per diluted share growth: Target 12 - 15% (1)	NA			NA			NA			NA			NA
Owned, Managed and Administered Assets (in billions)
Owned	$	28.1		$	31.6		$	32.3		$	34.4		$	38.4
Managed
External clients	264.0			276.2			276.1			283.4			299.8
Owned	58.8			57.7			57.0			58.5			59.1
Total managed	322.8			333.9			333.1			341.9			358.9
Administered (2)	77.2			80.4			62.7			63.9			69.0
Total OMA assets	$	428.1		$	445.9		$	428.1		$	440.2		$	466.3

																3 Qtr 2007 vs.
(in millions unless otherwise noted, unaudited)	Full Year 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			Year-to-Date 2007			3 Qtr 2006 % Change
Income Statement Metrics
Pretax income margin	9.9		%	10.7		%	11.5		%	10.0		%	10.7		%
Net income margin	7.9		%	8.1		%	9.2		%	9.1		%	8.8		%
Adjusted pretax margin (1)	14.4		%	14.8		%	14.4		%	12.8		%	14.0		%
Adjusted earnings margin (1)	10.8		%	10.9		%	11.1		%	10.9		%	11.0		%
Net Investment Income
Investment income on fixed maturities	$	2,033		$	484		$	461		$	444		$	1,389		(12	)%
Realized gains (losses)	51			9			2			15			26			7	%
Hedges related to certificate deposits	28			2			9			5			16			(55	)%
Hedges related to interest credited	13			(1		)	9			2			10			(50	)%
Hedges related to variable annuities benefits	(19		)	(4		)	(24		)	57			29				#
Affordable housing amortization	(44		)	(8		)	(9		)	(7		)	(24		)	36	%
Other (including seed money)	185			50			53			49			152				#
Total net investment income	$	2,247		$	532		$	501		$	565		$	1,598		4	%
Other Information
Goodwill and intangible assets	$	871		$	868		$	873		$	878		$	878		4	%
Dividends paid	108			27			36			35			98			30	%
Common stock share repurchases	$	470		$	352		$	142		$	171		$	665		61	%
Return on equity before discontinued operations	8.3		%	8.6		%	9.2		%	9.4		%	9.4		%
Adjusted net revenue growth: Target 6 - 8% (1)	10.5		%	5.5		%	5.6		%	12.1		%	7.7		%
Adjusted return on equity: Target 12 - 15% (1)	11.8		%	12.2		%	12.5		%	12.4		%	12.4		%
Adjusted earnings per diluted share growth: Target 12 - 15% (1)	24.3		%	20.0		%	24.1		%	5.3		%	16.2		%
Owned, Managed and Administered Assets (in billions)
Owned	$	38.4		$	40.4		$	43.0		$	44.0		$	44.0		28	%
Managed
External clients	299.8			305.3			310.5			315.4			315.4			11	%
Owned	59.1			58.1			58.2			59.0			59.0			1	%
Total managed	358.9			363.4			368.7			374.4			374.4			10	%
Administered (2)	69.0			70.3			72.5			73.5			73.5			15	%
Total OMA assets	$	466.3		$	474.1		$	484.2		$	491.9		$	491.9		12	%

⁽¹⁾See non-GAAP Financial Information.

⁽²⁾During the second quarter of 2006, the defined contribution record keeping business was sold to Wachovia resulting in a $16.7 billion reduction in administered assets.

#Variance of 100% or greater.

5

Ameriprise Financial, Inc.

Consolidated, Common Share and Per Share Summary

	Full Year
(in millions, except earnings per share amounts)	2005			1 Qtr 2006			2 Qtr 2006			3 Qtr 2006			4 Qtr 2006
Earnings Per Share
Basic earnings per share	$	2.32		$	0.57		$	0.57		$	0.71		$	0.70
Earnings per diluted share
Earnings per diluted share	$	2.32		$	0.57		$	0.57		$	0.71		$	0.69
Income from discontinued operations, after-tax	(0.06		)	—			—			—			—
AMEX Assurance, net income	(0.23		)	—			—			—			—
Separation costs, after-tax	0.77			0.18			0.22			0.23			0.33
Adjusted earnings per diluted share (1)	$	2.80		$	0.75		$	0.79		$	0.94		$	1.02
Basic Shares
Common shares
Beginning balance	246.2			249.9			244.3			244.1			242.1
Repurchases	—			(6.4		)	(1.0		)	(2.3		)	(1.0		)
Issuances	3.8			1.2			0.9			0.5			0.3
Other	(0.1		)	(0.4		)	(0.1		)	(0.2		)	—
Total common outstanding	249.9			244.3			244.1			242.1			241.4
Total common outstanding	249.9			244.3			244.1			242.1			241.4
Nonforfeitable restricted stock units	—			2.0			1.4			1.4			1.4
Total basic common shares	249.9			246.3			245.5			243.5			242.8
Total potentially dilutive	0.5			1.3			1.6			2.3			3.4
Total diluted shares	250.4			247.6			247.1			245.8			246.2
Weighted average common shares outstanding:
Basic	247.1			252.3			246.3			244.5			243.3
Diluted	247.2			253.5			248.0			246.4			246.3
Book Value
Equity - end of period	$	7,687		$	7,341		$	7,235		$	7,753		$	7,925
Average equity - 5 point	7,120			7,248			7,399			7,551			7,588
Book Value per Share	$	30.76		$	29.81		$	29.47		$	31.84		$	32.64

														Year-to-			3 Qtr 2007 vs.
(in millions, except earnings per share amounts)	Full Year 2006				1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			Date 2007			3 Qtr 2006 % Change
Earnings Per Share
Basic earnings per share	$		2.56		$	0.69		$	0.83		$	0.84		$	2.35		18%
Earnings per diluted share
Earnings per diluted share	$		2.54		$	0.68		$	0.81		$	0.83		$	2.32		17%
Income from discontinued operations, after-tax	—				—			—			—			—			—
AMEX Assurance, net income	—				—			—			—			—			—
Separation costs, after-tax	0.94				0.22			0.17			0.16			0.55			(30)%
Adjusted earnings per diluted share (1)	$		3.48		$	0.90		$	0.98		$	0.99		$	2.87		5%
Basic Shares
Common shares
Beginning balance	249.9				241.4			236.6			235.3			241.4			(4)%
Repurchases	(10.7			)	(5.9		)	(2.3		)	(2.9		)	(11.1		)	(26)%
Issuances	2.9				1.5			1.2			0.1			2.8			(80)%
Other	(0.7			)	(0.4		)	(0.2		)	(0.1		)	(0.7		)	50%
Total common outstanding	241.4				236.6			235.3			232.4			232.4			(4)%
Total common outstanding	241.4				236.6			235.3			232.4			232.4			(4)%
Nonforfeitable restricted stock units	1.4				1.9			1.3			1.3			1.3			(7)%
Total basic common shares	242.8				238.5			236.6			233.7			233.7			(4)%
Total potentially dilutive	3.4				3.2			3.8			3.9			3.9			70%
Total diluted shares	246.2				241.7			240.4			237.6			237.6			(3)%
Weighted average common shares outstanding:
Basic	246.5				240.7			237.4			235.4			237.8			(4)%
Diluted	248.5				244.1			241.0			239.2			241.4			(3)%
Book Value
Equity - end of period	$		7,925		$	7,731		$	7,600		$	7,758		$	7,758		—
Average equity - 5 point	7,588				7,597			7,649			7,753			7,753			3%
Book Value per Share	$	32.64			$	32.42		$	32.12		$	33.20		$	33.20		4%

⁽¹⁾Seenon-GAAP Financial Information.

6

Historical Financial and Metric Information

(unaudited)

Full Year 2005 and Quarterly through 3rd Quarter 2007

Advice & Wealth Management Segment

7

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

	Full Year
(in millions unless otherwise noted, unaudited)	2005			1 Qtr 2006			2 Qtr 2006			3 Qtr 2006			4 Qtr 2006
Revenues
Management and financial advice fees	$	837		$	267		$	267		$	263		$	283
Distribution fees	1,781			472			516			483			563
Net investment income	371			99			87			100			119
Premiums	—			—			—			—			—
Other revenues	60			15			16			13			18
Total revenues	3,049			853			886			859			983
Banking and deposit interest expense	215			59			50			64			73
Total net revenues	2,834			794			836			795			910
Expenses
Distribution expenses	1,756			498			517			501			552
Interest credited to fixed accounts	—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—
Amortization of deferred acquisition costs	—			—			—			—			—
Interest and debt expense	—			—			—			—			—
General and administrative expense	1,060			246			261			243			321
Total expenses	2,816			744			778			744			873
Pretax income	$	18		$	50		$	58		$	51		$	37
Income Statement Metrics
Pretax income margin	0.6		%	6.3		%	6.9		%	6.4		%	4.1		%
Net Investment Income
Investment income on fixed maturities	$	312		$	73		$	71		$	68		$	77
Realized gains (losses)	(16		)	(2		)	—			1			—
Hedges related to certificate deposits	15			9			(3		)	11			11
Other (including seed money)	60			19			19			20			31
Total net investment income	$	371		$	99		$	87		$	100		$	119
Balance Sheet Metrics
Allocated equity	$	823		$	816		$	807		$	961		$	973
Pretax return on allocated equity	NA			NA			NA			NA			22.4		%
On-balance sheet deposits	$	6,685		$	6,154		$	5,742		$	6,485		$	6,594
Financial Plans
Branded financial plan net cash sales	$	170		$	49		$	44		$	42		$	49
Financial planning penetration	44		%	44		%	44		%	44		%	45		%

																3 Qtr 2007 vs.
	Full Year												Year-to-Date			3 Qtr 2006
(in millions unless otherwise noted, unaudited)	2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			2007			% Change
Revenues
Management and financial advice fees	$	1,080		$	306		$	327		$	348		$	981		32	%
Distribution fees	2,034			540			620			541			1,701			12	%
Net investment income	405			108			112			101			321			1	%
Premiums	—			—			—			—			—			—
Other revenues	62			16			18			21			55			62	%
Total revenues	3,581			970			1,077			1,011			3,058			18	%
Banking and deposit interest expense	246			64			70			58			192			(9	)%
Total net revenues	3,335			906			1,007			953			2,866			20	%
Expenses
Distribution expenses	2,068			562			615			585			1,762			17	%
Interest credited to fixed accounts	—			—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—
Interest and debt expense	—			—			—			—			—			—
General and administrative expense	1,071			288			291			274			853			13	%
Total expenses	3,139			850			906			859			2,615			15	%
Pretax income	$	196		$	56		$	101		$	94		$	251		84	%
Income Statement Metrics
Pretax income margin	5.9		%	6.2		%	10.0		%	9.9		%	8.8		%
Net Investment Income
Investment income on fixed maturities	$	289		$	74		$	69		$	64		$	207		(6	)%
Realized gains (losses)	(1		)	—			(1		)	—			(1		)		#
Hedges related to certificate deposits	28			2			9			5			16			(55	)%
Other (including seed money)	89			32			35			32			99			60	%
Total net investment income	$	405		$	108		$	112		$	101		$	321		1	%
Balance Sheet Metrics
Allocated equity	$	973		$	959		$	952		$	942		$	942		(2	)%
Pretax return on allocated equity	22.4		%	22.4		%	26.3		%	30.1		%	30.1		%
On-balance sheet deposits	$	6,594		$	6,323		$	5,916		$	5,887		$	5,887		(9	)%
Financial Plans
Branded financial plan net cash sales	$	184		$	55		$	50		$	44		$	149		5	%
Financial planning penetration	45		%	45		%	45		%	45		%	45		%

# Variance of 100% or greater.

8

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

	Full Year
(in millions unless otherwise noted, unaudited)	2005			1 Qtr 2006			2 Qtr 2006			3 Qtr 2006			4 Qtr 2006
Financial Advisors
Employee advisors	3,268			3,075			3,056			3,063			3,178
Franchisee advisors	7,392			7,491			7,499			7,571			7,651
Total branded financial advisors	10,660			10,566			10,555			10,634			10,829
SAI independent advisors	1,780			1,813			1,817			1,793			1,763
Total financial advisors	12,440			12,379			12,372			12,427			12,592
Net revenue per total financial advisors	$	228		$	64		$	68		$	64		$	72
Advisor Retention
Employee	63.7		%	62.2		%	60.3		%	62.6		%	63.1		%
Franchisee	90.5		%	90.7		%	91.0		%	92.9		%	93.4		%
Product Information
Certificates and Banking - Combined
Pretax income	$	53		$	10		$	9		$	8		$	(1	)
Allocated equity	$	304		$	283		$	268		$	424		$	430
Pretax return on allocated equity	NA			NA			NA			NA			7.6		%
Wealth Management & Distribution
Pretax income	$	(35	)	$	40		$	49		$	43		$	38
Allocated equity	$	519		$	533		$	539		$	537		$	543
Pretax return on allocated equity	NA			NA			NA			NA			31.8		%
Cash Sales by Product
Wrap net flows	$	8,833		$	3,260		$	3,194		$	2,142		$	2,339
Total mutual funds (non-wrap)	14,869			4,226			3,972			3,674			3,972
Annuities (proprietary and non-proprietary)
Variable	7,277			2,330			2,873			2,692			2,661
Fixed	779			186			173			193			146
Investment certificates	2,529			435			373			382			697
Insurance (proprietary and non-proprietary)	484			129			128			122			134
Other	1,228			164			440			409			1,165
Total cash sales	$	35,999		$	10,730		$	11,153		$	9,614		$	11,114
Total Client Assets (at period end)	$	237,608		$	249,166		$	248,633		$	255,869		$	271,598
Total Wrap Accounts
Beginning assets	$	42,409		$	57,712		$	64,044		$	66,483		$	70,096
Net flows	8,833			3,260			3,194			2,142			2,339
Market appreciation (depreciation) and other	6,470			3,072			(755		)	1,471			3,930
Total wrap ending assets	$	57,712		$	64,044		$	66,483		$	70,096		$	76,365
S&P 500
Daily average	1,207			1,284			1,281			1,288			1,389
Period end	1,248			1,295			1,270			1,336			1,418

																3 Qtr 2007 vs.
	Full Year												Year-to-Date			3 Qtr 2006
(in millions unless otherwise noted, unaudited)	2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			2007			% Change
Financial Advisors
Employee advisors	3,178			2,987			2,731			2,541			2,541			(17	)%
Franchisee advisors	7,651			7,611			7,642			7,712			7,712			2	%
Total branded financial advisors	10,829			10,598			10,373			10,253			10,253			(4	)%
SAI independent advisors	1,763			1,744			1,703			1,750			1,750			(2	)%
Total financial advisors	12,592			12,342			12,076			12,003			12,003			(3	)%
Net revenue per total financial advisors	$	265		$	73		$	83		$	79		$	239		23	%
Advisor Retention
Employee	63.1		%	63.1		%	62.2		%	61.0		%	61.0		%
Franchisee	93.4		%	93.1		%	93.2		%	93.3		%	93.3		%
Product Information
Certificates and Banking - Combined
Pretax income	$	26		$	2		$	(2	)	$	3		$	3		(63	)%
Allocated equity	$	430		$	409		$	389		$	375		$	375		(12	)%
Pretax return on allocated equity	7.6		%	5.0		%	1.8		%	0.5		%	0.5		%
Wealth Management & Distribution
Pretax income	$	170		$	54		$	103		$	91		$	248			#
Allocated equity	$	543		$	550		$	563		$	567		$	567		6	%
Pretax return on allocated equity	31.8		%	34.0		%	43.6		%	51.8		%	51.8		%
Cash Sales by Product
Wrap net flows	$	10,935		$	3,355		$	3,811		$	2,697		$	9,863		26	%
Total mutual funds (non-wrap)	15,844			4,323			4,581			3,939			12,843			7	%
Annuities (proprietary and non-proprietary)
Variable	10,556			2,761			3,002			2,688			8,451			(0	)%
Fixed	698			103			107			107			317			(45	)%
Investment certificates	1,887			236			220			174			630			(54	)%
Insurance (proprietary and non-proprietary)	513			125			131			124			380			2	%
Other	2,178			564			1,195			613			2,372			50	%
Total cash sales	$	42,611		$	11,467		$	13,047		$	10,342		$	34,856		8	%
Total Client Assets (at period end)	$	271,598		$	278,722		$	292,271		$	297,856		$	297,856		16	%
Total Wrap Accounts
Beginning assets	$	57,712		$	76,365		$	81,812		$	89,150		$	76,365		34	%
Net flows	10,935			3,355			3,811			2,697			9,863			26	%
Market appreciation (depreciation) and other	7,718			2,092			3,527			1,097			6,716			(25	)%
Total wrap ending assets	$	76,365		$	81,812		$	89,150		$	92,944		$	92,944		33	%
S&P 500
Daily average	1,310			1,425			1,497			1,489			1,470			16	%
Period end	1,418			1,421			1,503			1,527			1,527			14	%

# Variance of 100% or greater.

9

Historical Financial and Metric Information

(unaudited)

Full Year 2005 and Quarterly through 3rd Quarter 2007

Asset Management Segment

10

Ameriprise Financial, Inc.

Asset Management Segment

	Full Year
(in millions unless otherwise noted, unaudited)	2005			1 Qtr 2006			2 Qtr 2006			3 Qtr 2006			4 Qtr 2006
Revenues
Management and financial advice fees	$	1,204		$	287		$	290		$	294		$	350
Distribution fees	365			92			87			77			80
Net investment income	50			17			12			16			18
Premiums	—			—			—			—			—
Other revenues	10			7			99			29			22
Total revenues	1,629			403			488			416			470
Banking and deposit interest expense	20			6			8			6			6
Total net revenues	1,609			397			480			410			464
Expenses
Distribution expenses	414			104			105			99			107
Interest credited to fixed accounts	—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—
Amortization of deferred acquisition costs	79			17			13			12			10
Interest and debt expense	—			—			—			—			—
General and administrative expense	939			233			283			245			270
Total expenses	1,432			354			401			356			387
Pretax income	$	177		$	43		$	79		$	54		$	77
Income Statement Metrics
Pretax income margin	11.0		%	10.8		%	16.5		%	13.2		%	16.6		%
Balance Sheet Metrics
Allocated equity	$	898		$	887		$	876		$	864		$	869
Pretax return on allocated equity	NA			NA			NA			NA			28.8		%
Total Managed Assets Reconciliations
RiverSource managed assets	$	156,215		$	155,930		$	152,948		$	154,976		$	158,102
Threadneedle managed assets	121,641			128,112			128,561			132,454			141,352
Less: RiverSource assets sub advised by Threadneedle	(4,388		)	(4,783		)	(4,553		)	(4,669		)	(5,147		)
Total managed assets	$	273,468		$	279,259		$	276,956		$	282,761		$	294,307
Managed assets - external clients	$	214,670		$	221,531		$	219,995		$	224,226		$	235,243
Managed assets - owned	58,798			57,728			56,961			58,535			59,064
Total managed assets	$	273,468		$	279,259		$	276,956		$	282,761		$	294,307
Total Managed Assets by Type
Equity	$	117,881		$	124,737		$	120,337		$	122,840		$	130,049
Fixed income	120,726			118,227			119,564			121,761			123,106
Money market	10,453			10,626			10,711			10,984			12,159
Alternative	8,702			9,486			9,381			9,399			9,866
Hybrid and other	15,706			16,183			16,963			17,777			19,127
Total managed assets by type	$	273,468		$	279,259		$	276,956		$	282,761		$	294,307

																3 Qtr 2007 vs.
	Full Year												Year-to-Date			3 Qtr 2006
(in millions unless otherwise noted, unaudited)	2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			2007			% Change
Revenues
Management and financial advice fees	$	1,221		$	297		$	330		$	316		$	943		7	%
Distribution fees	336			82			84			78			244			1	%
Net investment income	63			17			22			5			44			(69	)%
Premiums	—			—			—			—			—			—
Other revenues	157			19			19			14			52			(52	)%
Total revenues	1,777			415			455			413			1,283			(1	)%
Banking and deposit interest expense	26			4			6			3			13			(50	)%
Total net revenues	1,751			411			449			410			1,270			0	%
Expenses
Distribution expenses	415			113			116			117			346			18	%
Interest credited to fixed accounts	—			—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—
Amortization of deferred acquisition costs	52			10			9			7			26			(42	)%
Interest and debt expense	—			—			—			—			—			—
General and administrative expense	1,031			242			243			214			699			(13	)%
Total expenses	1,498			365			368			338			1,071			(5	)%
Pretax income	$	253		$	46		$	81		$	72		$	199		33	%
Income Statement Metrics
Pretax income margin	14.4		%	11.2		%	18.0		%	17.6		%	15.7		%
Balance Sheet Metrics
Allocated equity	$	869		$	863		$	865		$	862		$	862		—
Pretax return on allocated equity	28.8		%	29.4		%	29.7		%	31.9		%	31.9		%
Total Managed Assets Reconciliations
RiverSource managed assets	$	158,102		$	157,009		$	159,864		$	161,811		$	161,811		4	%
Threadneedle managed assets	141,352			142,099			138,398			139,804			139,804			6	%
Less: RiverSource assets sub advised by Threadneedle	(5,147		)	(5,203		)	(5,325		)	(5,614		)	(5,614		)	(20	)%
Total managed assets	$	294,307		$	293,905		$	292,937		$	296,001		$	296,001		5	%
Managed assets - external clients	$	235,243		$	235,794		$	234,688		$	236,972		$	236,972		6	%
Managed assets - owned	59,064			58,111			58,249			59,029			59,029			1	%
Total managed assets	$	294,307		$	293,905		$	292,937		$	296,001		$	296,001		5	%
Total Managed Assets by Type
Equity	$	130,049		$	129,913		$	134,014		$	133,292		$	133,292		9	%
Fixed income	123,106			122,912			114,406			117,170			117,170			(4	)%
Money market	12,159			10,849			13,590			14,134			14,134			29	%
Alternative	9,866			10,936			10,873			11,484			11,484			22	%
Hybrid and other	19,127			19,295			20,054			19,921			19,921			12	%
Total managed assets by type	$	294,307		$	293,905		$	292,937		$	296,001		$	296,001		5	%

# Variance of 100% or greater.

11

	Full Year		1 Qtr		2 Qtr		3 Qtr		4 Qtr		Full Year		1 Qtr		2 Qtr		3 Qtr		Year-to-Date
	2005		2006		2006		2006		2006		2006		2007		2007		2007		2007
Mutual Fund Performance
RiverSource
Equal Weighted Mutual Fund Rankings in top 2 Lipper Quartiles
Equity - 12 month	69	%	73	%	69	%	73	%	77	%	77	%	56	%	70	%	65	%	65	%
Fixed income - 12 month	50	%	50	%	44	%	78	%	72	%	72	%	83	%	88	%	83	%	83	%
Equity - 3 year	38	%	56	%	53	%	58	%	63	%	63	%	65	%	65	%	73	%	73	%
Fixed income - 3 year	38	%	43	%	41	%	47	%	53	%	53	%	44	%	44	%	39	%	39	%
Equity - 5 year	33	%	53	%	47	%	47	%	40	%	40	%	53	%	44	%	44	%	44	%
Fixed income - 5 year	13	%	15	%	23	%	31	%	15	%	15	%	36	%	29	%	29	%	29	%
Asset Weighted Mutual Fund Rankings in top 2 Lipper Quartiles
Equity - 12 month	64	%	84	%	56	%	70	%	89	%	89	%	58	%	87	%	67	%	67	%
Fixed income - 12 month	44	%	50	%	44	%	87	%	87	%	87	%	97	%	97	%	93	%	93	%
Equity - 3 year	39	%	59	%	54	%	67	%	70	%	70	%	72	%	74	%	93	%	93	%
Fixed income - 3 year	39	%	45	%	44	%	51	%	48	%	48	%	46	%	46	%	46	%	46	%
Equity - 5 year	40	%	77	%	63	%	71	%	67	%	67	%	81	%	61	%	57	%	57	%
Fixed income - 5 year	4	%	4	%	20	%	11	%	10	%	10	%	28	%	44	%	44	%	44	%
Threadneedle
Equal Weighted Mutual Fund Rankings in top 2 S&P Quartiles
Equity - 12-month	69	%	84	%	83	%	72	%	63	%	63	%	57	%	63	%	77	%	77	%
Fixed income - 12 month	78	%	78	%	44	%	67	%	56	%	56	%	44	%	44	%	22	%	22	%
Equity - 3 year	19	%	41	%	59	%	64	%	57	%	57	%	50	%	64	%	76	%	76	%
Fixed income - 3 year	56	%	56	%	56	%	78	%	67	%	67	%	56	%	56	%	22	%	22	%
Equity - 5 year	42	%	63	%	67	%	33	%	46	%	46	%	42	%	29	%	46	%	46	%
Fixed income - 5 year	75	%	50	%	75	%	75	%	67	%	67	%	56	%	56	%	33	%	33	%

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.

12

Ameriprise Financial, Inc.

Asset Management Segment—RiverSource

(in millions unless otherwise noted, unaudited)	Full Year 2005			1 Qtr 2006			2 Qtr 2006			3 Qtr 2006			4 Qtr 2006
RiverSource—Funds
Beginning assets	$	83,507		$	76,645		$	78,242		$	76,356		$	78,178
Net flows	(10,937		)	(2,126		)	(643		)	(543		)	(1,116		)
Market appreciation (depreciation)	4,075			3,723			(1,243		)	2,365			4,629
Total ending assets	$	76,645		$	78,242		$	76,356		$	78,178		$	81,691
Institutional
Beginning assets	$	63,285		$	62,164		$	59,871		$	58,912		$	59,077
Net flows	(199		)	(1,966		)	(438		)	(834		)	(360		)
Market appreciation (depreciation)	(922		)	(327		)	(521		)	999			414
Total ending assets	$	62,164		$	59,871		$	58,912		$	59,077		$	59,131
Alternative
Beginning assets	$	9,176		$	6,800		$	7,655		$	7,527		$	7,482
Net flows	(2,462		)	846			(125		)	(50		)	289
Market appreciation (depreciation)	86			9			(3		)	5			6
Total ending assets	$	6,800		$	7,655		$	7,527		$	7,482		$	7,777
Trust
Beginning assets	$	12,110		$	11,308		$	10,973		$	10,949		$	10,963
Net flows	(1,300		)	(588		)	(23		)	(232		)	(1,053		)
Market appreciation (depreciation)	498			253			(1		)	246			309
Total ending assets	$	11,308		$	10,973		$	10,949		$	10,963		$	10,219
Other and Eliminations	$	(702	)	$	(811	)	$	(796	)	$	(724	)	$	(716	)
Total RiverSource managed assets	$	156,215		$	155,930		$	152,948		$	154,976		$	158,102
Total Net Flows—RiverSource	$	(14,898	)	$	(3,834	)	$	(1,229	)	$	(1,659	)	$	(2,240	)

(in millions unless otherwise noted, unaudited)	Full Year 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			Year-to-Date 2007			3 Qtr 2007 vs. 3 Qtr 2006 % Change
RiverSource—Funds
Beginning assets	$	76,645		$	81,691		$	82,085		$	86,988		$	81,691		14	%
Net flows	(4,428		)	(836		)	721			399			284				#
Market appreciation (depreciation)	9,474			1,230			4,182			1,188			6,600			(50	)%
Total ending assets	$	81,691		$	82,085		$	86,988		$	88,575		$	88,575		13	%
Institutional
Beginning assets	$	62,164		$	59,131		$	57,238		$	55,827		$	59,131		(5	)%
Net flows	(3,598		)	(2,163		)	(996		)	(358		)	(3,517		)	57	%
Market appreciation (depreciation)	565			270			(415		)	538			393			(46	)%
Total ending assets	$	59,131		$	57,238		$	55,827		$	56,007		$	56,007		(5	)%
Alternative
Beginning assets	$	6,800		$	7,777		$	8,520		$	8,185		$	7,777		9	%
Net flows	960			739			(332		)	426			833				#
Market appreciation (depreciation)	17			4			(3		)	(6		)	(5		)		#
Total ending assets	$	7,777		$	8,520		$	8,185		$	8,605		$	8,605		15	%
Trust
Beginning assets	$	11,308		$	10,219		$	9,983		$	9,632		$	10,219		(12	)%
Net flows	(1,896		)	(322		)	(604		)	(415		)	(1,341		)	(79	)%
Market appreciation (depreciation)	807			86			253			125			464			(49	)%
Total ending assets	$	10,219		$	9,983		$	9,632		$	9,342		$	9,342		(15	)%
Other and Eliminations	$	(716	)	$	(817	)	$	(768	)	$	(718	)	$	(718	)	1	%
Total RiverSource managed assets	$	158,102		$	157,009		$	159,864		$	161,811		$	161,811		4	%
Total Net Flows—RiverSource	$	(8,962	)	$	(2,582	)	$	(1,211	)	$	52		$	(3,741	)		#

# Variance of 100% or greater.

13

Ameriprise Financial, Inc.

Asset Management Segment—Threadneedle

(in millions unless otherwise noted, unaudited)	Full Year 2005			1 Qtr 2006			2 Qtr 2006			3 Qtr 2006			4 Qtr 2006
Threadneedle Managed Asset Rollforward
Threadneedle Retail Funds
Beginning assets	$	18,680		$	22,510		$	24,606		$	24,284		$	25,742
Net flows	1,769			376			(383		)	(74		)	(216		)
Market appreciation (depreciation)	3,640			1,557			(1,092		)	843			1,334
Foreign currency translation(1)	(1,705		)	148			1,050			644			1,207
Other	126			15			103			45			45
Total ending assets	$	22,510		$	24,606		$	24,284		$	25,742		$	28,112
Institutional
Beginning assets	$	98,057		$	97,229		$	101,675		$	102,423		$	104,795
Net flows	(7,618		)	(1,121		)	(1,211		)	(2,766		)	(2,548		)
Market appreciation (depreciation)	11,557			4,077			(3,336		)	1,536			2,932
Foreign currency translation(1)	(8,055		)	683			4,268			2,728			4,875
Other	3,288			807			1,027			874			1,097
Total ending assets	$	97,229		$	101,675		$	102,423		$	104,795		$	111,151
Alternative
Beginning assets	$	1,752		$	1,902		$	1,831		$	1,854		$	1,917
Net flows	30			(215		)	40			40			15
Market appreciation (depreciation)	272			128			(93		)	(26		)	68
Foreign currency translation(1)	(152		)	16			76			49			89
Other	—			—			—			—			—
Total ending assets	$	1,902		$	1,831		$	1,854		$	1,917		$	2,089
Total Threadneedle managed assets	$	121,641		$	128,112		$	128,561		$	132,454		$	141,352
Total Net Flows—Threadneedle	$	(5,819	)	$	(960	)	$	(1,554	)	$	(2,800	)	$	(2,749	)

(in millions unless otherwise noted, unaudited)	Full Year 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			Year-to-Date 2007			3 Qtr 2007 vs. 3 Qtr 2006 % Change
Threadneedle Managed Asset Rollforward
Threadneedle Retail Funds
Beginning assets	$	22,510		$	28,112		$	28,741		$	30,494		$	28,112		26	%
Net flows	(297		)	(130		)	64			98			32				#
Market appreciation (depreciation)	2,642			592			936			287			1,815			(66	)%
Foreign currency translation(1)	3,049			128			613			573			1,314			(11	)%
Other	208			39			140			88			267			96	%
Total ending assets	$	28,112		$	28,741		$	30,494		$	31,540		$	31,540		23	%
Institutional
Beginning assets	$	97,229		$	111,151		$	110,960		$	105,247		$	111,151		3	%
Net flows	(7,646		)	(2,475		)	(11,037		)	(3,313		)	(16,825		)	(20	)%
Market appreciation (depreciation)	5,209			936			1,838			585			3,359			(62	)%
Foreign currency translation(1)	12,554			504			2,332			1,987			4,823			(27	)%
Other	3,805			844			1,154			944			2,942			8	%
Total ending assets	$	111,151		$	110,960		$	105,247		$	105,450		$	105,450		1	%
Alternative
Beginning assets	$	1,902		$	2,089		$	2,398		$	2,657		$	2,089		43	%
Net flows	(120		)	235			156			46			437			15	%
Market appreciation (depreciation)	77			64			52			59			175				#
Foreign currency translation(1)	230			10			51			52			113			6	%
Other	—			—			—			—			—			—
Total ending assets	$	2,089		$	2,398		$	2,657		$	2,814		$	2,814		47	%
Total Threadneedle managed assets	$	141,352		$	142,099		$	138,398		$	139,804		$	139,804		6	%
Total Net Flows—Threadneedle	$	(8,063	)	$	(2,370	)	$	(10,817	)	$	(3,169	)	$	(16,356	)	(13	)%

(1)Amounts represent UK Pound to US dollar conversion.

# Variance of 100% or greater.

14

Historical Financial and Metric Information

(unaudited)

Full Year 2005 and Quarterly through 3rd Quarter 2007

Annuities Segment

15

Ameriprise Financial, Inc.

Annuities Segment

(in millions unless otherwise noted, unaudited)	Full Year 2005			1 Qtr 2006			2 Qtr 2006			3 Qtr 2006			4 Qtr 2006
Revenues
Management and financial advice fees	$	298		$	90		$	94		$	98		$	110
Distribution fees	171			50			54			52			57
Net investment income	1,544			375			343			333			352
Premiums	151			40			25			38			35
Other revenues	30			10			12			13			15
Total revenues	2,194			565			528			534			569
Banking and deposit interest expense	1			—			—			—			—
Total net revenues	2,193			565			528			534			569
Expenses
Distribution expenses	93			33			42			40			43
Interest credited to fixed accounts	875			211			207			204			201
Benefits, claims, losses and settlement expenses	295			66			58			59			78
Amortization of deferred acquisition costs	244			70			79			86			52
Interest and debt expense	—			—			—			—			—
General and administrative expense	196			52			53			50			48
Total expenses	1,703			432			439			439			422
Pretax income	$	490		$	133		$	89		$	95		$	147
Pretax Operating Earnings
Pretax income	$	490		$	133		$	89		$	95		$	147
Realized (gains) losses	(37		)	(4		)	(4		)	(12		)	(21		)
Hedge investment (gains) losses(1)	(2		)	11			8			(3		)	3
Mark-to-market for liability derivatives(1)	8			(18		)	(11		)	(19		)	7
Total pretax operating earnings	$	459		$	122		$	82		$	61		$	136
Income Statement Metrics
Pretax income margin	22.3		%	23.5		%	16.9		%	17.8		%	25.8		%
Pretax operating earnings margin	20.9		%	21.6		%	15.5		%	11.4		%	23.9		%
Net Investment Income
Investment income on fixed maturities	$	1,482		$	356		$	344		$	334		$	324
Realized gains (losses)	37			4			4			12			21
Hedges related to interest credited	4			4			(3		)	4			8
Hedges related to variable annuities benefits	2			(11		)	(8		)	3			(3		)
Other (including seed money)	19			22			6			(20		)	2
Total net investment income	$	1,544		$	375		$	343		$	333		$	352
Balance Sheet Metrics
Allocated equity	$	2,710		$	2,626		$	2,505		$	2,518		$	2,422
Pretax return on allocated equity	NA			NA			NA			NA			18.2		%
Other Metrics
Total annuity net flows	$	1,105		$	244		$	460		$	562		$	591

(in millions unless otherwise noted, unaudited)	Full Year 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			Year-to-Date 2007			3 Qtr 2007 vs. 3 Qtr 2006 % Change
Revenues
Management and financial advice fees	$	392		$	115		$	127		$	130		$	372		33	%
Distribution fees	213			61			66			70			197			35	%
Net investment income	1,403			311			280			370			961			11	%
Premiums	138			22			24			24			70			(37	)%
Other revenues	50			17			23			25			65			92	%
Total revenues	2,196			526			520			619			1,665			16	%
Banking and deposit interest expense	—			—			—			—			—			—
Total net revenues	2,196			526			520			619			1,665			16	%
Expenses
Distribution expenses	158			45			51			50			146			25	%
Interest credited to fixed accounts	823			183			189			177			549			(13	)%
Benefits, claims, losses and settlement expenses	261			33			53			192			278				#
Amortization of deferred acquisition costs	287			89			76			53			218			(38	)%
Interest and debt expense	—			—			—			—			—			—
General and administrative expense	203			58			65			56			179			12	%
Total expenses	1,732			408			434			528			1,370			20	%
Pretax income	$	464		$	118		$	86		$	91		$	295		(4	)%
Pretax Operating Earnings
Pretax income	$	464		$	118		$	86		$	91		$	295		(4	)%
Realized (gains) losses	(41		)	(6		)	—			(12		)	(18		)	—
Hedge investment (gains) losses(1)	19			4			24			(57		)	(29		)		#
Mark-to-market for liability derivatives(1)	(41		)	(28		)	(25		)	128			75				#
Total pretax operating earnings	$	401		$	88		$	85		$	150		$	323			#
Income Statement Metrics
Pretax income margin	21.1		%	22.4		%	16.5		%	14.7		%	17.7		%
Pretax operating earnings margin	18.3		%	16.7		%	16.3		%	24.2		%	19.4		%
Net Investment Income
Investment income on fixed maturities	$	1,358		$	308		$	290		$	279		$	877		(16	)%
Realized gains (losses)	41			6			—			12			18			—
Hedges related to interest credited	13			(1		)	9			2			10			(50	)%
Hedges related to variable annuities benefits	(19		)	(4		)	(24		)	57			29				#
Other (including seed money)	10			2			5			20			27				#
Total net investment income	$	1,403		$	311		$	280		$	370		$	961		11	%
Balance Sheet Metrics
Allocated equity	$	2,422		$	2,292		$	2,151		$	2,128		$	2,128		(15	)%
Pretax return on allocated equity	18.2		%	18.2		%	18.8		%	19.2		%	19.2		%
Other Metrics
Total annuity net flows	$	1,857		$	483		$	609		$	465		$	1,557		(17	)%

(1)Totals include GMWB and GMAB only.

# Variance of 100% or greater.

16

Ameriprise Financial, Inc.

Annuities Segment

(in millions unless otherwise noted, unaudited)	Full Year 2005			1 Qtr 2006			2 Qtr 2006			3 Qtr 2006			4 Qtr 2006
Product Information
Variable Annuities
Pretax income	$	221		$	55		$	35		$	39		$	68
Allocated equity	$	1,120		$	1,099		$	1,056		$	1,049		$	1,023
Pretax return on allocated equity	NA			NA			NA			NA			18.4		%
Fixed Annuities(1)
Pretax income	$	269		$	78		$	54		$	56		$	79
Allocated equity	$	1,590		$	1,527		$	1,449		$	1,469		$	1,399
Pretax return on allocated equity	NA			NA			NA			NA			18.0		%
Variable Annuities Rollforward
Beginning balance	$	35,531		$	40,150		$	42,900		$	43,254		$	45,606
Deposits	6,779			2,179			2,602			2,583			2,691
Withdrawals and terminations	(4,393		)	(1,373		)	(1,510		)	(1,386		)	(1,424		)
Net flows	2,386			806			1,092			1,197			1,267
Investment performance and interest credited	2,205			1,933			(742		)	1,140			2,617
Other	28			11			4			15			(1		)
Total ending balance—contract accumulation values	$	40,150		$	42,900		$	43,254		$	45,606		$	49,489
Variable annuities fixed sub-accounts	$	6,999		$	6,810		$	6,572		$	6,277		$	5,975
Fixed Annuities Rollforward
Beginning balance	$	17,501		$	16,861		$	16,443		$	15,954		$	15,423
Deposits	686			151			154			147			113
Withdrawals and terminations	(1,967		)	(713		)	(786		)	(782		)	(789		)
Net flows	(1,281		)	(562		)	(632		)	(635		)	(676		)
Policyholder interest credited	635			152			142			150			147
Other	6			(8		)	1			(46		)	(10		)
Total ending balance—contract accumulation values	$	16,861		$	16,443		$	15,954		$	15,423		$	14,884
Capitalized Interest	$	15		$	3		$	2		$	3		$	2
Payout Annuities Reserve Balance	$	2,267		$	2,277		$	2,275		$	2,275		$	2,275
Tax Equivalent Spread—Fixed Annuities(2)
Gross rate of return on invested assets	5.8		%	6.0		%	5.8		%	5.4		%	5.7		%
Crediting rate	(3.7		)%	(3.7		)%	(3.7		)%	(3.7		)%	(3.7		)%
Tax equivalent margin spread	2.1		%	2.3		%	2.1		%	1.7		%	2.0		%
Total Variable Annuities DAC
Beginning balance	$	1,447		$	1,719		$	1,809		$	1,887		$	1,926
Capitalization	384			112			113			119			121
Amortization per income statement	(165		)	(49		)	(57		)	(69		)	(32		)
SOP 05-1 (Cumulative pretax impact)	—			—			—			—			—
Other (FAS 115)	53			27			22			(11		)	(11		)
Total ending balance	$	1,719		$	1,809		$	1,887		$	1,926		$	2,004
Total Fixed Annuities DAC
Beginning balance	$	426		$	396		$	391		$	381		$	359
Capitalization	32			6			5			5			3
Amortization per income statement	(79		)	(21		)	(22		)	(17		)	(20		)
SOP 05-1 (Cumulative pretax impact)	—			—			—			—			—
Other (FAS 115)	17			10			7			(10		)	1
Total ending balance	$	396		$	391		$	381		$	359		$	343

(in millions unless otherwise noted, unaudited)	Full Year 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			Year-to-Date 2007			3 Qtr 2007 vs. 3 Qtr 2006 % Change
Product Information
Variable Annuities
Pretax income	$	197		$	57		$	41		$	35		$	133		(10	)%
Allocated equity	$	1,023		$	944		$	905		$	919		$	919		(12	)%
Pretax return on allocated equity	18.4		%	19.2		%	20.6		%	20.8		%	20.8		%
Fixed Annuities(1)
Pretax income	$	267		$	61		$	45		$	56		$	162		—
Allocated equity	$	1,399		$	1,348		$	1,246		$	1,209		$	1,209		(18	)%
Pretax return on allocated equity	18.0		%	17.4		%	17.4		%	18.1		%	18.1		%
Variable Annuities Rollforward
Beginning balance	$	40,150		$	49,489		$	51,475		$	55,092		$	49,489		27	%
Deposits	10,055			2,706			2,982			2,649			8,337			3	%
Withdrawals and terminations	(5,693		)	(1,494		)	(1,634		)	(1,458		)	(4,586		)	(5	)%
Net flows	4,362			1,212			1,348			1,191			3,751			(1	)%
Investment performance and interest credited	4,948			770			2,265			847			3,882			(26	)%
Other	29			4			4			(3		)	5				#
Total ending balance—contract accumulation values	$	49,489		$	51,475		$	55,092		$	57,127		$	57,127		25	%
Variable annuities fixed sub-accounts	$	5,975		$	5,674		$	5,416		$	5,542		$	5,542		(12	)%
Fixed Annuities Rollforward
Beginning balance	$	16,861		$	14,884		$	14,285		$	13,652		$	14,884		(14	)%
Deposits	565			83			77			81			241			(45	)%
Withdrawals and terminations	(3,070		)	(812		)	(816		)	(807		)	(2,435		)	(3	)%
Net flows	(2,505		)	(729		)	(739		)	(726		)	(2,194		)	(14	)%
Policyholder interest credited	591			128			143			120			391			(20	)%
Other	(63		)	2			(37		)	—			(35		)		#
Total ending balance—contract accumulation values	$	14,884		$	14,285		$	13,652		$	13,046		$	13,046		(15	)%
Capitalized Interest	$	10		$	2		$	2		$	2		$	6		(33	)%
Payout Annuities Reserve Balance	$	2,275		$	2,260		$	2,249		$	2,238		$	2,238		(2	)%
Tax Equivalent Spread—Fixed Annuities(2)
Gross rate of return on invested assets	5.7		%	5.7		%	5.6		%	5.6		%	5.6		%
Crediting rate	(3.7		)%	(3.7		)%	(3.7		)%	(3.7		)%	(3.7		)%
Tax equivalent margin spread	2.1		%	2.0		%	1.9		%	1.9		%	2.0		%
Total Variable Annuities DAC
Beginning balance	$	1,719		$	2,004		$	1,898		$	1,988		$	2,004		5	%
Capitalization	465			121			124			113			358			(5	)%
Amortization per income statement	(207		)	(68		)	(56		)	(20		)	(144		)	71	%
SOP 05-1 (Cumulative pretax impact)	—			(146		)	—			—			(146		)	—
Other (FAS 115)	27			(13		)	22			(14		)	(5		)	(27	)%
Total ending balance	$	2,004		$	1,898		$	1,988		$	2,067		$	2,067		7	%
Total Fixed Annuities DAC
Beginning balance	$	396		$	343		$	315		$	309		$	343		(19	)%
Capitalization	19			2			1			2			5			(60	)%
Amortization per income statement	(80		)	(21		)	(20		)	(33		)	(74		)	(94	)%
SOP 05-1 (Cumulative pretax impact)	—			(7		)	—			—			(7		)	—
Other (FAS 115)	8			(2		)	13			(6		)	5			40	%
Total ending balance	$	343		$	315		$	309		$	272		$	272		(24	)%

(1)  Includes payout annuities.

(2)  Attributable to interest sensitive products only, which have been 97% of the total ending  fixed annuities accumulation values 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.

17

Historical Financial and Metric Information

(unaudited)

Full Year 2005 and Quarterly through 3rd Quarter 2007

Protection Segment

18

Ameriprise Financial, Inc.

Protection Segment

(in millions unless otherwise noted, unaudited)	Full Year 2005			1 Qtr 2006			2 Qtr 2006			3 Qtr 2006			4 Qtr 2006
Revenues
Management and financial advice fees	$	42		$	12		$	15		$	14		$	15
Distribution fees	89			24			23			24			25
Net investment income	342			89			87			86			93
Premiums	999			226			232			251			245
Other revenues	394			102			121			102			106
Total revenues	1,866			453			478			477			484
Banking and deposit interest expense	2			1			(1		)	—			1
Total net revenues	1,864			452			479			477			483
Expenses
Distribution expenses	97			19			25			23			27
Interest credited to fixed accounts	144			36			36			36			37
Benefits, claims, losses and settlement expenses	788			213			204			221			214
Amortization of deferred acquisition costs	108			41			61			(11		)	42
Interest and debt expense	—			—			—			—			—
General and administrative expense	233			60			61			59			53
Total expenses	1,370			369			387			328			373
Pretax income	$	494		$	83		$	92		$	149		$	110
Pretax Operating Earnings
Pretax income	$	494		$	83		$	92		$	149		$	110
Realized (gains) losses	(13		)	(2		)	(1		)	(1		)	(5		)
Total pretax operating earnings	$	481		$	81		$	91		$	148		$	105
Income Statement Metrics
Pretax income margin	26.5		%	18.4		%	19.2		%	31.2		%	22.8		%
Pretax operating earnings margin	25.8		%	17.9		%	19.0		%	31.0		%	21.7		%
Net Investment Income
Investment income on fixed maturities	$	297		$	76		$	77		$	79		$	79
Realized gains (losses)	13			2			1			1			5
Other (including seed money)	32			11			9			6			9
Total net investment income	$	342		$	89		$	87		$	86		$	93
Balance Sheet Metrics
Allocated equity	$	2,056		$	2,067		$	2,127		$	2,140		$	2,155
Pretax return on allocated equity	NA			NA			NA			NA			20.6		%
Product Information
Long Term Care
Pretax income	$	8		$	1		$	8		$	18		$	1
Allocated equity	$	523		$	525		$	541		$	544		$	553
Pretax return on allocated equity	NA			NA			NA			NA			5.2		%
Protection excluding Long Term Care
Pretax income	$	486		$	82		$	84		$	131		$	109
Allocated equity	$	1,533		$	1,542		$	1,586		$	1,596		$	1,602
Pretax return on allocated equity	NA			NA			NA			NA			25.8		%

																				3 Qtr 2007 vs.
	Full Year																Year-to-Date			3 Qtr 2006
(in millions unless otherwise noted, unaudited)	2006					1 Qtr 2007				2 Qtr 2007				3 Qtr 2007			2007			%  Change
Revenues
Management and financial advice fees	$			56		$	16			$	17			$	17		$	50		21	%
Distribution fees	96					25				26				25			76			4	%
Net investment income	355					89				87				93			269			8	%
Premiums	954					243				251				253			747			1	%
Other revenues	431					108				105				107			320			5	%
Total revenues	1,892					481				486				495			1,462			4	%
Banking and deposit interest expense	1					—				1				—			1			—
Total net revenues	1,891					481				485				495			1,461			4	%
Expenses
Distribution expenses	94					14				18				17			49			(26	)%
Interest credited to fixed accounts	145					34				35				37			106			3	%
Benefits, claims, losses and settlement expenses	852					218				211				225			654			2	%
Amortization of deferred acquisition costs	133					35				40				68			143				#
Interest and debt expense	—					—				—				—			—			—
General and administrative expense	233					60				63				55			178			(7	)%
Total expenses	1,457					361				367				402			1,130			23	%
Pretax income	$			434		$	120			$	118			$	93		$	331		(38	)%
Pretax Operating Earnings
Pretax income	$			434		$	120			$	118			$	93		$	331		(38	)%
Realized (gains) losses	(9				)	(1			)	—				(3		)	(4		)		#
Total pretax operating earnings	$			425		$	119			$	118			$	90		$	327		(39	)%
Income Statement Metrics
Pretax income margin	23.0				%	24.9			%	24.3			%	18.8		%	22.7		%
Pretax operating earnings margin	22.5				%	24.7			%	24.3			%	18.2		%	22.4		%
Net Investment Income
Investment income on fixed maturities	$			311		$	81			$	81			$	81		$	243		3	%
Realized gains (losses)	9					1				—				3			4				#
Other (including seed money)	35					7				6				9			22			50	%
Total net investment income	$			355		$	89			$	87			$	93		$	269		8	%
Balance Sheet Metrics
Allocated equity	$		2,155			$		2,174		$		2,145		$	2,308		$	2,308		8	%
Pretax return on allocated equity	20.6				%	22.1			%	23.1			%	20.2		%	20.2		%
Product Information
Long Term Care
Pretax income	$		28			$		7		$		7		$	3		$	17		(83	)%
Allocated equity	$		553			$		564		$		542		$	552		$	552		1	%
Pretax return on allocated equity	5.2				%	6.2			%	6.0			%	3.3		%	3.3		%
Protection excluding Long Term Care
Pretax income	$		406			$		113		$		111		$	90		$	314		(31	)%
Allocated equity	$	1,602				$		1,610		$		1,603		$	1,756		$	1,756		10	%
Pretax return on allocated equity	25.8				%	27.5			%	29.0			%	25.9		%	25.9		%

#          Variance of 100% or greater.

19

Ameriprise Financial, Inc.

Protection Segment

(in millions unless otherwise noted, unaudited)	Full Year 2005			1 Qtr 2006			2 Qtr 2006			3 Qtr 2006			4 Qtr 2006
Cash Sales
VUL / UL (1)	$	343		$	91		$	86		$	84		$	90
Term and whole life	20			5			5			4			6
Disability insurance	21			5			5			5			5
Auto and Home	529			159			138			151			140
Total cash sales	$	913		$	260		$	234		$	244		$	241
VUL / UL Policyholder Account Balances
Beginning balance	$	8,174		$	8,375		$	8,747		$	8,681		$	8,888
Premiums and deposits	545			267			265			263			278
Investment performance and interest	259			349			(87		)	193			418
Withdrawals and surrenders	(622		)	(262		)	(266		)	(271		)	(279		)
Other	19			18			22			22			24
Total ending balance	$	8,375		$	8,747		$	8,681		$	8,888		$	9,329
Premiums by product
Term and whole life	$	74		$	18		$	18		$	18		$	18
Disability insurance	149			39			39			40			41
Long term care	146			36			38			50			40
Auto and Home	491			127			132			137			141
Intercompany premiums	12			6			5			6			5
AMEX Assurance	127			—			—			—			—
Total premiums by product	$	999		$	226		$	232		$	251		$	245
Auto and Home Insurance
Policy Count (thousands)	451			459			469			481			490
Loss ratio	82.4		%	82.8		%	74.4		%	82.8		%	76.1		%
Expense ratio	15.5		%	14.9		%	15.7		%	15.8		%	15.4		%
Combined ratio	97.9		%	97.7		%	90.1		%	98.6		%	91.5		%
DAC Rollforward
Life and Health
Beginning balance	$	1,767		$	1,920		$	1,945		$	1,973		$	2,045
Capitalization	217			55			49			49			50
Amortization per income statement	(72		)	(36		)	(27		)	23			(29		)
SOP 05-1 (Cumulative pretax impact)	—			—			—			—			—
Other (FAS 115)	8			6			6			—			(2		)
Total ending balance	$	1,920		$	1,945		$	1,973		$	2,045		$	2,064
Life Insurance in-Force	$	160,018		$	163,783		$	167,373		$	170,579		$	174,022
Net Amount at Risk	$	64,420		$	63,577		$	63,248		$	62,196		$	61,458
Net Policyholder Reserves
VUL / UL	$	7,246		$	7,627		$	7,571		$	7,796		$	8,243
Term and whole life	234			234			237			234			234
Disability insurance	356			368			374			381			386
Long term care and other	2,151			2,176			2,190			2,211			2,238
Auto and Home loss and LAE reserves	308			323			332			354			364
Total net policyholder reserves	$	10,295		$	10,728		$	10,704		$	10,976		$	11,465

																3 Qtr 2007 vs.
	Full Year												Year-to-Date			3 Qtr 2006
(in millions unless otherwise noted, unaudited)	2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			2007			% Change
Cash Sales
VUL / UL (1)	$	351		$	84		$	88		$	88		$	260		5	%
Term and whole life	20			5			5			5			15			25	%
Disability insurance	20			5			5			4			14			(20	)%
Auto and Home	588			149			147			157			453			4	%
Total cash sales	$	979		$	243		$	245		$	254		$	742		4	%
VUL / UL Policyholder Account Balances
Beginning balance	$	8,375		$	9,329		$	9,473		$	9,858		$	9,329		14	%
Premiums and deposits	1,073			275			283			277			835			5	%
Investment performance and interest	873			131			372			115			618			(40	)%
Withdrawals and surrenders	(1,078		)	(276		)	(285		)	(287		)	(848		)	(6	)%
Other	86			14			15			13			42			(41	)%
Total ending balance	$	9,329		$	9,473		$	9,858		$	9,976		$	9,976		12	%
Premiums by product
Term and whole life	$	72		$	18		$	21		$	21		$	60		17	%
Disability insurance	159			41			42			42			125			5	%
Long term care	164			35			35			36			106			(28	)%
Auto and Home	537			141			144			146			431			7	%
Intercompany premiums	22			8			9			8			25			33	%
AMEX Assurance	—			—			—			—			—			—
Total premiums by product	$	954		$	243		$	251		$	253		$	747		1	%
Auto and Home Insurance
Policy Count (thousands)	490			496			505			512			512			6	%
Loss ratio	79.0		%	71.0		%	78.8		%	78.1		%	76.0		%
Expense ratio	15.4		%	18.2		%	17.1		%	18.0		%	17.6		%
Combined ratio	94.4		%	89.2		%	95.9		%	96.1		%	93.6		%
DAC Rollforward
Life and Health
Beginning balance	$	1,920		$	2,064		$	2,042		$	2,085		$	2,064		6	%
Capitalization	203			57			60			54			171			10	%
Amortization per income statement	(69		)	(24		)	(28		)	(54		)	(106		)		#
SOP 05-1 (Cumulative pretax impact)	—			(51		)	—			—			(51		)	—
Other (FAS 115)	10			(4		)	11			1			8			—
Total ending balance	$	2,064		$	2,042		$	2,085		$	2,086		$	2,086		2	%
Life Insurance in-Force	$	174,022		$	177,374		$	181,080		$	184,304		$	184,304		8	%
Net Amount at Risk	$	61,458		$	60,967		$	60,185		$	59,516		$	59,516		(4	)%
Net Policyholder Reserves
VUL / UL	$	8,243		$	8,388		$	8,783		$	8,915		$	8,915		14	%
Term and whole life	234			234			234			233			233			—
Disability insurance	386			408			414			419			419			10	%
Long term care and other	2,238			2,257			2,275			2,300			2,300			4	%
Auto and Home loss and LAE reserves	364			352			360			361			361			2	%
Total net policyholder reserves	$	11,465		$	11,639		$	12,066		$	12,228		$	12,228		11	%

(1)         Includes lump sum deposits.

#          Variance of 100% or greater.

20

Historical Financial and Metric Information

(unaudited)

Full Year 2005 and Quarterly through 3rd Quarter 2007

Corporate & Other Segment

21

Ameriprise Financial, Inc.

Corporate & Other Segment

	Full Year
(in millions unless otherwise noted, unaudited)	2005			1 Qtr 2006			2 Qtr 2006			3 Qtr 2006			4 Qtr 2006
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—			—
Net investment income	(31		)	3			4			8			14
Premiums	—			—			—			—			—
Other revenues	7			2			3			—			1
Total revenues	(24		)	5			7			8			15
Banking and deposit interest expense	6			2			1			2			2
Total net revenues	(30		)	3			6			6			13
Expenses
Distribution expenses	1			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—
Amortization of deferred acquisition costs	—			—			—			—			—
Interest and debt expense	67			20			23			29			29
General and administrative expense	43			34			31			22			29
Total expenses before separation costs (1)	111			54			54			51			58
Separation costs	293			67			84			87			123
Total expenses	404			121			138			138			181
Pretax loss	$	(434	)	$	(118	)	$	(132	)	$	(132	)	$	(168	)
Balance Sheet Metrics
Allocated equity	$	1,351		$	1,387		$	1,586		$	1,496		$	1,715

																			3 Qtr 2007 vs.
	Full Year														Year-to-Date				3 Qtr 2006
(in millions unless otherwise noted, unaudited)	2006				1 Qtr 2007			2 Qtr 2007				3 Qtr 2007			2007				% Change
Revenues
Management and financial advice fees	$		—		$	—		$		—		$	1		$		1		—
Distribution fees	—				—			—				—			—				—
Net investment income	29				9			2				(3		)	8					#
Premiums	—				—			—				—			—				—
Other revenues	6				7			(1			)	(2		)	4				—
Total revenues	35				16			1				(4		)	13					#
Banking and deposit interest expense	7				2			1				(2		)	5				—
Total net revenues	28				14			—				(6		)	8					#
Expenses
Distribution expenses	—				—			1				—			1				—
Interest credited to fixed accounts	—				—			—				—			—				—
Benefits, claims, losses and settlement expenses	—				—			—				—			—				—
Amortization of deferred acquisition costs	—				—			—				—			—				—
Interest and debt expense	101				29			29				27			85				(7	)%
General and administrative expense	116				24			48				40			112				82	%
Total expenses before separation costs (1)	217				53			78				67			198				31	%
Separation costs	361				85			63				60			208				(31	)%
Total expenses	578				138			141				127			406				(8	)%
Pretax loss	$	(550		)	$	(124	)	$		(141	)	$	(133	)	$	(398		)	(1	)%
Balance Sheet Metrics
Allocated equity	$	1,715			$	1,586		$	1,842			$	1,767		$		1,767		18	%

⁽¹⁾See non-GAAP Financial Information.

#  Variance of 100% or greater.

22

Ameriprise Financial, Inc.

Eliminations (1)

	Full Year
(in millions unless otherwise noted, unaudited)	2005			1 Qtr 2006			2 Qtr 2006			3 Qtr 2006			4 Qtr 2006
Revenues
Management and financial advice fees	$	(47	)	$	(12	)	$	(12	)	$	(12	)	$	(13	)
Distribution fees	(1,005		)	(271		)	(288		)	(270		)	(281		)
Net investment income	(4		)	(2		)	(1		)	(2		)	(3		)
Premiums	(21		)	(6		)	(5		)	(6		)	(5		)
Other revenues	(1		)	—			—			—			1
Total revenues	(1,078		)	(291		)	(306		)	(290		)	(301		)
Banking and deposit interest expense	(4		)	(2		)	(1		)	(3		)	(1		)
Total net revenues	(1,074		)	(289		)	(305		)	(287		)	(300		)
Expenses
Distribution expenses	(896		)	(244		)	(262		)	(246		)	(255		)
Interest credited to fixed accounts	—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—
Amortization of deferred acquisition costs	—			—			—			—			—
Interest and debt expense	—			—			—			—			—
General and administrative expense	(178		)	(45		)	(43		)	(41		)	(45		)
Total expenses	(1,074		)	(289		)	(305		)	(287		)	(300		)
Pretax income	$	—		$	—		$	—		$	—		$	—

																3 Qtr 2007 vs.
	Full Year												Year-to-Date			3 Qtr 2006
(in millions unless otherwise noted, unaudited)	2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			2007			% Change
Revenues
Management and financial advice fees	$	(49	)	$	(12	)	$	(13	)	$	(14	)	$	(39	)	(17	)%
Distribution fees	(1,110		)	(290		)	(302		)	(279		)	(871		)	(3	)%
Net investment income	(8		)	(2		)	(2		)	(1		)	(5		)	50	%
Premiums	(22		)	(8		)	(9		)	(8		)	(25		)	(33	)%
Other revenues	1			—			—			—			—			—
Total revenues	(1,188		)	(312		)	(326		)	(302		)	(940		)	(4	)%
Banking and deposit interest expense	(7		)	(1		)	(3		)	(1		)	(5		)	67	%
Total net revenues	(1,181		)	(311		)	(323		)	(301		)	(935		)	(5	)%
Expenses
Distribution expenses	(1,007		)	(256		)	(268		)	(250		)	(774		)	(2	)%
Interest credited to fixed accounts	—			—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—
Interest and debt expense	—			—			—			—			—			—
General and administrative expense	(174		)	(55		)	(55		)	(51		)	(161		)	(24	)%
Total expenses	(1,181		)	(311		)	(323		)	(301		)	(935		)	(5	)%
Pretax income	$	—		$	—		$	—		$	—		$	—		—

⁽¹⁾ The majority of the amounts above represent the impact of inter-segment transfer pricing for both revenues and expenses.

#  Variance of 100% or greater.

23

Ameriprise Financial, Inc.

AMEX Assurance

	Full Year
(in millions unless otherwise noted, unaudited)	2005			1 Qtr 2006		2 Qtr 2006		3 Qtr 2006		4 Qtr 2006
Revenues
Management and financial advice fees	$	3		$	—	$	—	$	—	$	—
Distribution fees	—			—		—		—		—
Net investment income	9			—		—		—		—
Premiums	127			—		—		—		—
Other revenues	(1		)	—		—		—		—
Total revenues	138			—		—		—		—
Banking and deposit interest expense	—			—		—		—		—
Total net revenues	138			—		—		—		—
Expenses
Distribution expenses	34			—		—		—		—
Interest credited to fixed accounts	—			—		—		—		—
Benefits, claims, losses and settlement expenses	(12		)	—		—		—		—
Amortization of deferred acquisition costs	17			—		—		—		—
Interest and debt expense	—			—		—		—		—
General and administrative expense	17			—		—		—		—
Total expenses	56			—		—		—		—
Pretax income	$	82		$	—	$	—	$	—	$	—

											3 Qtr 2007 vs.
	Full Year								Year-to-Date		3 Qtr 2006
(in millions unless otherwise noted, unaudited)	2006		1 Qtr 2007		2 Qtr 2007		3 Qtr 2007		2007		% Change
Revenues
Management and financial advice fees	$	—	$	—	$	—	$	—	$	—	—
Distribution fees	—		—		—		—		—		—
Net investment income	—		—		—		—		—		—
Premiums	—		—		—		—		—		—
Other revenues	—		—		—		—		—		—
Total revenues	—		—		—		—		—		—
Banking and deposit interest expense	—		—		—		—		—		—
Total net revenues	—		—		—		—		—		—
Expenses
Distribution expenses	—		—		—		—		—		—
Interest credited to fixed accounts	—		—		—		—		—		—
Benefits, claims, losses and settlement expenses	—		—		—		—		—		—
Amortization of deferred acquisition costs	—		—		—		—		—		—
Interest and debt expense	—		—		—		—		—		—
General and administrative expense	—		—		—		—		—		—
Total expenses	—		—		—		—		—		—
Pretax income	$	—	$	—	$	—	$	—	$	—	—

#  Variance of 100% or greater.

24

Historical Financial and Metric Information

(unaudited)

Full Year 2005 and Quarterly through 3rd Quarter 2007

Balance Sheet and Ratings Information

25

Ameriprise Financial, Inc.

Consolidated Balance Sheets

(in millions, unaudited)	Year End 2005			1 Qtr 2006			2 Qtr 2006			3 Qtr 2006			Year End 2006			1 Qtr 2007			2 Qtr 2007			3 Qtr 2007
Assets
Cash and cash equivalents	$	2,483		$	1,675		$	2,132		$	3,341		$	2,760		$	2,444		$	3,333		$	4,002
Investments	39,086			38,072			36,993			36,162			35,504			34,411			31,669			31,126
Separate account assets	41,561			45,220			45,751			48,834			53,848			56,281			60,470			62,371
Receivables	2,330			2,532			2,592			2,691			3,161			3,264			3,559			3,323
Deferred acquisition costs	4,182			4,280			4,342			4,423			4,499			4,337			4,462			4,502
Restricted and segregated cash	1,082			1,099			1,018			1,076			1,254			1,193			1,296			1,225
Other assets	2,556			3,098			3,376			3,227			3,455			3,530			3,718			3,621
Total assets	$	93,280		$	95,976		$	96,204		$	99,754		$	104,481		$	105,460		$	108,507		$	110,170
Liabilities
Future policy benefits and claims	$	32,725		$	32,194		$	31,539		$	30,794		$	30,031		$	29,149		$	28,316		$	28,048
Separate account liabilities	41,561			45,220			45,751			48,834			53,848			56,281			60,470			62,371
Customer Deposits	6,808			6,285			5,871			6,563			6,707			6,483			6,055			6,029
Debt	1,852			1,939			2,437			2,272			2,244			2,243			2,221			2,215
Accounts payable and accrued expenses	1,328			1,143			1,366			1,185			1,407			1,190			1,242			1,222
Other liabilities	1,319			1,854			2,005			2,353			2,319			2,383			2,603			2,527
Total liabilities	85,593			88,635			88,969			92,001			96,556			97,729			100,907			102,412
Shareholders’ Equity
Common shares ($.01 par)	2			3			3			3			3			3			3			3
Additional paid-in capital	4,091			4,208			4,254			4,291			4,353			4,468			4,533			4,593
Retained earnings	3,745			3,862			3,976			4,123			4,268			4,268			4,428			4,591
Treasury stock	—			(290		)	(332		)	(438		)	(490		)	(865		)	(1,009		)	(1,180		)
Accumulated other comprehensive income (loss, net of tax)	(151		)	(442		)	(666		)	(226		)	(209		)	(143		)	(355		)	(249		)
Total shareholders’ equity	7,687			7,341			7,235			7,753			7,925			7,731			7,600			7,758
Total liabilities and shareholders’ equity	$	93,280		$	95,976		$	96,204		$	99,754		$	104,481		$	105,460		$	108,507		$	110,170

26

Ameriprise Financial, Inc.

Capital and Ratings Information

(in millions unless otherwise noted, unaudited)	Year End 2005			1 Qtr 2006				2 Qtr 2006				3 Qtr 2006				Year End 2006				1 Qtr 2007				2 Qtr 2007				3 Qtr 2007
Debt Summary
Senior notes	$	1,500		$		1,500		$		1,500		$		1,500		$		1,500		$		1,500		$		1,500		$		1,500
Medium term notes	50			—				—				—				—				—				—				—
Junior subordinated notes (2)	—			—				500				500				500				500				500				500
Non-recourse debt
Debt of CDO	283			284				254				254				225				225				197				197
Debt for inverse floaters	19			18				18				18				19				18				24				18
Debt of property fund limited partnerships	—			137				165				—				—				—				—				—
Subtotal non-recourse debt	302			439				437				272				244				243				221				215
Total debt	$	1,852		$		1,939		$		2,437		$		2,272		$		2,244		$		2,243		$		2,221		$		2,215
Total debt	$	1,852		$		1,939		$		2,437		$		2,272		$		2,244		$		2,243		$		2,221		$		2,215
Total non-recourse debt		(302	)			(439	)			(437	)			(272	)			(244	)			(243	)			(221	)			(215	)
Total debt excluding non-recourse debt (1)	1,550			1,500				2,000				2,000				2,000				2,000				2,000				2,000
Junior subordinated notes 75% equity credit (2)	—			—				(375			)	(375			)	(375			)	(375			)	(375			)	(375			)
Total debt excluding non-recourse debt and 75% equity credit (1),(2)	$	1,550		$		1,500		$		1,625		$		1,625		$		1,625		$		1,625		$		1,625		$		1,625
Total shareholders’ equity	$	7,687		$		7,341		$		7,235		$		7,753		$		7,925		$		7,731		$		7,600		$		7,758
Total capital	9,539			9,280				9,672				10,025				10,169				9,974				9,821				9,973
Total capital excluding non-recourse debt (1)	$	9,237		$	8,841			$	9,235			$	9,753			$	9,925			$	9,731			$	9,600			$	9,758
Other Information
Debt to total capital	19.4		%	20.9			%	25.2			%	22.7			%	22.1			%	22.5			%	22.6			%	22.2			%
Debt to total capital excluding non-recourse debt (1)	16.8		%	17.0			%	21.7			%	20.5			%	20.2			%	20.6			%	20.8			%	20.5			%
Debt to total capital excluding non-recourse debt and 75% equity credit (1)	16.8		%	17.0			%	17.6			%	16.7			%	16.4			%	16.7			%	16.9			%	16.7			%
				A.M. Best				S & P				Moody’s				Fitch
Ratings
Claims Paying Ratings
RiverSource Life Insurance Company				A+				AA-				Aa3				AA-
IDS Property Casualty Ins. Company				A				N/R				N/R				N/R
Debt Ratings
Ameriprise Financial, Inc.				a-				A-				A3				A-

(1) See non-GAAP Financial Information.

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

27

Ameriprise Financial, Inc.

Investments

(in millions unless otherwise noted, unaudited)	Year End 2005			1 Qtr 2006				2 Qtr 2006						3 Qtr 2006					Year End 2006					1 Qtr 2007						2 Qtr 2007						3 Qtr 2007
Cash and cash equivalents	$	2,483		$		1,675		$			2,132			$		3,341			$			2,760		$				2,444		$				3,333		$				4,002
Investments - Ending Balances
Available-for-Sale Securities (“AFS”)
Corporate debt securities	$	18,623		$		18,128		$		17,489				$	17,250				$		16,831			$	16,147					$			14,735			$			14,471
Mortgage backed securities	8,791			8,392				7,999						7,807					7,677					7,444						6,494						6,267
Commercial mortgage backed securities	3,499			3,463				3,391						3,420					3,387					3,322						3,151						3,075
Asset backed securities	1,620			1,524				1,408						1,266					1,266					1,192						1,042						1,044
Total mortgage and other asset backed securities	13,910			13,379				12,798						12,493					12,330					11,958						10,687						10,386
Structured investments	37			40				40						43					46					47						46						48
State and municipal obligations	897			920				972						1,056					1,070					1,085						1,069						1,054
US government and agencies obligations	387			380				375						383					378					362						355						360
Foreign government bonds and obligations	145			132				128						128					135					135						132						133
Common and preferred stocks	14			7				56						59					60					60						58						58
Other AFS	204			185				329						100					30					7						11						54
Total AFS securities	34,217			33,171				32,187						31,512					30,880					29,801						27,093						26,564
Commercial mortgage loans	3,190			3,147				3,129						3,111					3,096					3,031						3,004						3,025
Allowance for loan losses	(44		)	(41			)	(40					)	(40				)	(40				)	(40					)	(40					)	(18					)
Commercial mortgage loans, net	3,146			3,106				3,089						3,071					3,056					2,991						2,964						3,007
Policy loans	623			630				641						654					660					664						679						693
Trading securities	655			697				624						506					522					592						610						551
Other investments	445			468				452						419					386					363						323						311
Total investments	$	39,086		$		38,072		$	36,993					$			36,162		$			35,504		$		34,411				$			31,669			$	31,126
Total Cash and Investments	$	41,569		$		39,747		$	39,125					$			39,503		$		38,264			$			36,855			$		35,002				$		35,128
SFAS 115 Mark-to-market AFS	$	(122	)	$	(627		)	$				(1,012	)	$			(350	)	$	(328			)	$				(203	)	$	(618				)	$				(434	)
AFS Fixed Maturity Asset Quality - %
AAA	43		%	43			%	43					%	43				%	43				%	44					%	44					%	43					%
AA	7		%	8			%	8					%	8				%	9				%	10					%	10					%	11					%
AFS securities AA and above	50		%	51			%	51					%	51				%	52				%	54					%	54					%	54					%
A	19		%	19			%	18					%	18				%	17				%	16					%	16					%	16					%
BBB	24		%	23			%	24					%	24				%	24				%	24					%	24					%	24					%
Below investment grade	7		%	7			%	7					%	7				%	7				%	6					%	6					%	6					%
Total AFS fixed maturity asset quality - %	100		%	100			%	100					%	100				%	100				%	100					%	100					%	100					%
Fair Value of Below investment grade as a % of Total Cash and Investments	7		%	7			%	6					%	6				%	6				%	6					%	6					%	5					%

28

Ameriprise Financial, Inc.

Non-GAAP Financial Information

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

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

•  Adjusted earnings (adjusted to exclude the after-tax impacts of AMEX Assurance, discontinued operations and separation costs);

•  Separation costs, after-tax;

•  Adjusted pretax margin;

•  Adjusted earnings margin;

•  Adjusted net revenue growth;

•  Adjusted return on equity;

•  Adjusted earnings per diluted share;

•  Total expenses before separation costs for the Corporate & Other segment;

•  2005 Consolidated income statement adjusted to exclude AMEX Assurance and separation costs;

•  2005 Protection segment income statement adjusted to exclude AMEX Assurance;

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

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

•  Income before discontinued operations and separation costs.

Management believes that the presentation of these non-GAAP financial measures excluding these specific income statement impacts best 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 debt to capital ratios excluding non-recourse debt of structured entities consolidated in accordance with FIN 46(R), EITF 04-5 and other accounting literature and with a 75% equity credit for the Company’s junior subordinate debt.  Management believes that the debt to capital ratios 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.

29

Ameriprise Financial, Inc.

Glossary of Selected Terminology - Segments

Advice & Wealth Management - This segment provides financial advice and full service brokerage and banking services, primarily to retail clients, through our financial advisors.  Our advisors distribute a diversified selection of both proprietary and non-proprietary products to help clients meet their financial needs.  A significant portion of revenues in this segment are fee-based, driven by the level of client assets, which is impacted by both market movements and net asset flows. We also earn net investment income on owned assets from primarily certificate and banking products. This segment earns revenues (Distribution fees) for distributing non-proprietary products and earns intersegment revenues (Distribution fees) for distributing our proprietary products and services to our retail clients. Intersegment expenses for this segment include expenses for investment management services provided by our Asset Management segment.

Asset Management - This segment provides investment advice and investment products to retail and institutional clients. Threadneedle Investments predominantly provides international investment products and services, and RiverSource Investments predominantly provides domestic products and services. Domestic retail products are primarily distributed through our Advice & Wealth Management segment and also through third-party distribution. International retail products are primarily distributed through third parties. Products accessed by consumers on a retail basis include mutual funds, variable product funds underlying insurance and annuity separate accounts, separately managed accounts and collective funds. Asset Management products are also distributed directly to institutions through an institutional sales force.  Institutional asset management products include traditional asset classes separate accounts, collateralized loan obligations, hedge funds and property funds.  Revenues in this segment are primarily earned as fees based on managed asset balances which are impacted by both market movements and net asset flows. This segment earns intersegment revenue for investment management services. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management, Annuities and Protection segments.

Annuities - This segment provides RiverSource Life variable and fixed annuity products to our retail clients primarily distributed through our Advice & Wealth Management segment and to the retail clients of unaffiliated distributors through third-party distribution.  Revenues for our variable annuity products are primarily earned as fees based on underlying account balances, which are impacted by both market movements and net asset flows.  Revenues for our fixed annuity products are primarily earned as net investment income on underlying account balances, with profitability significantly impacted by the spread between net investment income earned and interest credited on the fixed account balances. We also earn net investment income on owned assets supporting annuity benefit reserves and capital supporting the business. Intersegment revenues for this segment reflect fees paid by our Asset Management segment for marketing support and other services provided in connection with the availability of RiverSource funds under the variable annuity contracts. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management segment, as well as expenses for investment management services provided by our Asset Management segment.

Protection - This segment offers a variety of protection products to address the identified protection and risk management needs of our retail clients including life, disability income and property-casualty insurance. Life and disability income products are primarily distributed through our Advice & Wealth Management segment. Our property-casualty products are sold direct, primarily through affinity relationships. The primary sources of revenues for this segment are premiums, fees, and charges that we receive to assume insurance-related risk. We earn net investment income on owned assets supporting insurance reserves and capital supporting the business.  We also receive fees based on the level of assets supporting variable universal life separate account balances. This segment earns intersegment revenues from fees paid by the Asset Management segment for marketing support and other services provided in connection with the availability of RiverSource funds under the variable universal life contracts. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management segment, as well as expenses for investment management services provided by our Asset Management segment.

Corporate & Other - This segment consists of net investment income on corporate level assets, including unallocated equity and other revenues from various investments as well as unallocated corporate expenses.  This segment also includes non-recurring costs associated with our separation from American Express, which will end in 2007.

30

Ameriprise Financial, Inc.

Glossary of Selected Terminology

Adjusted Earnings - Adjustments to net income including the after-tax effect of Income before discontinued operations and separation costs and AMEX Assurance net income.

Adjusted Earnings Margin - A ratio using as the numerator adjusted earnings and as the denominator adjusted net revenue.

Adjusted Net Revenue - Total net revenue less AMEX Assurance net revenue.

Adjusted Pretax Income - Adjustments made to income before tax provision and discontinued operations for separation costs and AMEX Assurance pretax income.

Adjusted Pretax Margin - A ratio using as the numerator pretax income excluding discontinued operations, AMEX Assurance and separation cost and as the denominator adjusted net revenue.

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

Administered Assets - Administered assets include assets for which we provide administrative services such as client assets invested in other companies’ products that we offer outside of our wrap accounts. These assets include those held in clients’ 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.

Alternative Assets - Assets reported by the Company that include Hedge Funds and Collateralized Debt Obligations (“CDO”).

Allocated Equity - The internal allocation of consolidated shareholders’ equity, excluding accumulated other comprehensive income (loss), to our 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 us and certain of our subsidiaries. For the Corporate & Other segment, allocated equity also includes any excess capital.

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.

Auto & 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 basic common shares outstanding at period-end.

Cash Sales - Cash Sales are 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 inforce, but generates “fee revenue”.

Debt to Total Capital Ratio - A ratio comprised of total debt divided by total capital. We also present debt to capital ratios excluding non-recourse debt of structured entities consolidated in accordance with FIN 46(R), EITF 04-5 and other accounting literature and with a 75% equity credit for our junior subordinate debt.

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

Financial Planning Penetration - 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 financial advisors.

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

Managed External Client Assets - Managed external client assets includes client assets for which we provide investment management services, such as the assets of the RiverSource family of mutual funds, assets of institutional clients and client assets held in wrap accounts (retail accounts for which we receive an advice fee based on assets held in the account).  Managed external client assets also include assets managed by sub-advisors selected by us. Managed external client assets are not reported on our Consolidated Balance Sheets.

Managed Owned Assets - Managed owned assets include certain assets on our Consolidated Balance Sheets for which we provide investment management services and recognize management fees, such as the assets of the general account and RiverSource Variable Products funds held in the seperate accounts of our life insurance subsidiaries.

Net Amount at Risk - Life insurance in-force less policyholder reserves net of re-insurance.

Net Flows - Sales less redemptions and miscellaneous flows which may include reinvested dividends.

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

Owned Assets - Owned assets include certain assets on our Consolidated Balance Sheets for which we do not provide investment management services and do not recognize management fees such as investments in non-proprietary funds held in the separate accounts of our life insurance subsidiaries, as well as restricted and segregated cash and receivables.

Pretax Income (Loss) - Income (loss) before income tax provision (benefit).

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

Pretax Return on Allocated Equity - Calculated using pretax income for the last twelve months and the average allocated equity as of the last day of the trailing four quarters and current quarter end.

31

Ameriprise Financial Inc.

Glossary of Selected Terminology

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 - Separation costs include expenses related to our separation from American Express Company. These costs are primarily associated with establishing the Ameriprise Financial brand, separating and reestablishing our technology platforms and advisor and employee retention programs.  These costs will end in 2007.

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.

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.

Threadneedle - Threadneedle Asset Management Holdings Limited is our foreign operations in the United Kingdom.

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.

32

EXHIBIT A

RiverSource^® Mutual Fund Performance and
Lipper Ranking

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

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 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

A3

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

	Total Net	Total Net	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
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

A4

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

	Rankings and Annualized Returns at NAV (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

A5

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

	Annualized Returns 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

A6

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
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

A7

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

	Rankings and Annualized Returns at NAV (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

A8

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

	Annualized Returns 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.

A9

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 theiroriginal 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
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

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

A10

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 theiroriginal 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
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

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

A11

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 theiroriginal 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
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.

A12

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.

A13

Ameriprise Financial, Inc.

Important Disclosures - continued

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 valueof 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 importantinformation 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 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 samerisks 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 auditingand accounting standards, potential political and economic instability, limited liquidity and volatile prices. The risks of international investing are particularly significant in emerging markets.

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

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

Principal risks associated with the RiverSource Inflation Protected Securities Fund include style risk, interest rate risk, market risk, credit risk, liquidity risk and sector/concentration risk. Treasury InflationProtected 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, theprices 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 asmuch 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 andsecurities 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 thaninvestment 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 arediscussed 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 RiverSourceInvestments. 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 theadvisability of investing in the Funds.

A14

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, Inc. 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 depositand 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 NewYork, 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 servicesindependent 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 PropertyCasualty), 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.

A15

EXHIBIT B

RECONCILIATION TABLES

Ameriprise Financial, Inc.

Reconciliation Table:  Consolidated and Protection Income Statement Adjusted to Exclude AMEX Assurance and Separation Costs

For the Year Ended December 31, 2005

(in millions, unaudited)	Consolidated		Difference Attributable to Separation Costs			Adjusted Consolidated(1)		AMEX Assurance			Adjusted Consolidated to Exclude AMEX Assurance (1)		Protection Segment		AMEX Assurance			Adjusted Protection Segment to Exclude AMEX Assurance (1)
Revenues
Management and financial advice fees	$	2,334	$	—		$	2,334	$	3		$	2,331	$	42	$	3		$	39
Distribution fees	1,401		—			1,401		—			1,401		89		—			89
Net investment income	2,272		—			2,272		9			2,263		342		9			333
Premiums	1,129		—			1,129		127			1,002		999		127			872
Other revenues	500		—			500		(1		)	501		394		(1		)	395
Total revenues	7,636		—			7,636		138			7,498		1,866		138			1,728
Banking and deposit interest expense	240		—			240		—			240		2		—			2
Total net revenues	7,396		—			7,396		138			7,258		1,864		138			1,726
Expenses
Distribution expenses	1,465		—			1,465		34			1,431		97		34			63
Interest credited to fixed accounts	1,019		—			1,019		—			1,019		144		—			144
Benefits, claims, losses and settlement expenses	1,083		—			1,083		(12		)	1,095		788		(12		)	800
Amortization of deferred acquisition costs	431		—			431		17			414		108		17			91
Interest and debt expense	67		—			67		—			67		—		—			—
Separation costs	293		(293		)	—		—			—		—		—			—
General and administrative expense	2,293		—			2,293		17			2,276		233		17			216
Total expenses	6,651		(293		)	6,358		56			6,302		1,370		56			1,314
Income before income tax provision, discontinued operations and separation costs (1), (2)	745		293			1,038		82			956		$	494	$	82		$	412
Income tax provision before tax benefit attributable to separation costs (1), (2)	187		102			289		26			263
Income before discontinued operations, accounting change and separation costs (1)	558		191			749		$	56		$	693
Separation costs, after-tax (1)	—		191			191
Income before discontinued operations	558		—			558
Discontinued operations, net of tax	16		—			16
Net income	$	574	$	—		$	574

(1) See Non-GAAP Financial Information.

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

B1

Ameriprise Financial, Inc.

Reconciliation Table: Adjusted Net Revenue, Adjusted Pretax Income and Adjusted Earnings

(in millions unless otherwise noted, unaudited)	Full Year 2005			1 Qtr 2006		2 Qtr 2006		3 Qtr 2006		4 Qtr 2006
Adjusted Net Revenue(1)
Total net revenue	$	7,396		$	1,922	$	2,024	$	1,935	$	2,139
AMEX Assurance net revenue	(138		)	—		—		—		—
Adjusted net revenue	$	7,258		$	1,922	$	2,024	$	1,935	$	2,139
Adjusted Pretax Income(1)
Income before income tax provision and discontinued operations	$	745		$	191	$	186	$	217	$	203
Separation costs	293			67		84		87		123
AMEX Assurance pretax income	(82		)	—		—		—		—
Adjusted pretax income	$	956		$	258	$	270	$	304	$	326
Adjusted Earnings(1)
Net income	$	574		$	145	$	141	$	174	$	171
AMEX Assurance, net income	(56		)	—		—		—		—
Income from discontinued operations, after-tax	(16		)	—		—		—		—
Separation costs, after-tax(2)	191			44		54		57		80
Adjusted earnings	$	693		$	189	$	195	$	231	$	251

(in millions unless otherwise noted, unaudited)	Full Year 2006		1 Qtr 2007		2 Qtr 2007		3 Qtr 2007		Year-to-Date 2007
Adjusted Net Revenue(1)
Total net revenue	$	8,020	$	2,027	$	2,138	$	2,170	$	6,335
AMEX Assurance net revenue	—		—		—		—		—
Adjusted net revenue	$	8,020	$	2,027	$	2,138	$	2,170	$	6,335
Adjusted Pretax Income(1)
Income before income tax provision and discontinued operations	$	797	$	216	$	245	$	217	$	678
Separation costs	361		85		63		60		208
AMEX Assurance pretax income	—		—		—		—		—
Adjusted pretax income	$	1,158	$	301	$	308	$	277	$	886
Adjusted Earnings(1)
Net income	$	631	$	165	$	196	$	198	$	559
AMEX Assurance, net income	—		—		—		—		—
Income from discontinued operations, after-tax	—		—		—		—		—
Separation costs, after-tax(2)	235		55		41		39		135
Adjusted earnings	$	866	$	220	$	237	$	237	$	694

⁽¹⁾See non-GAAP Financial Information.

⁽²⁾In GAAP financial statements, separation costs are part of continuing operations. For this non-GAAP presentation, after-tax separation costs are calculated using the statutory tax rate of 35%.

B2

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:
December 31, 2005
	Return	$	558		$	135		$	693
	Equity	$	6,980		$	(168	)	$	6,812
	Return on Equity	8.0		%				10.2		%
March 31, 2006
	Return	$	528		$	192		$	720
	Equity	$	7,156		$	(235	)	$	6,921
	Return on Equity	7.4		%				10.4		%
June 30, 2006
	Return	$	520		$	236		$	756
	Equity	$	7,348		$	(291	)	$	7,057
	Return on Equity	7.1		%				10.7		%
September 30, 2006
	Return	$	571		$	236		$	807
	Equity	$	7,550		$	(336	)	$	7,214
	Return on Equity	7.6		%				11.2		%
December 31, 2006
	Return	$	631		$	235		$	866
	Equity	$	7,588		$	(273	)	$	7,315
	Return on Equity	8.3		%				11.8		%
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 AMEX Assurance and 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.

B3