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)  January 28, 2009

AMERIPRISE FINANCIAL, INC.

(Exact name of registrant as specified in its charter)

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

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

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

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

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

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

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

Item 2.02       Results of Operations and Financial Conditions.

On January 28, 2009, Ameriprise Financial, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter of 2008.  A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference and furnished herewith. In addition, the Company furnishes herewith, as Exhibit 99.2, its Statistical Supplement for the quarterly period ended December 31, 2008.

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

Certain non-GAAP measures in these exhibits exclude items that reflect certain after-tax market related impacts and our integration and restructuring charges, as well as those items that are a direct result of our separation from American Express Company which consist of non-recurring separation costs. Our non-GAAP financial measures, which our management views as important indicators of financial performance, include the following: core operating earnings, after-tax; investment (gains)/losses, after-tax; credit market losses, after-tax; restructuring and integration charges, after-tax; DAC charges, after-tax; Variable Annuities, after-tax; separation costs, after-tax; total expenses before separation costs; pretax return on allocated equity for pretax segment income; pretax operating earnings; and pretax operating earnings margin. Management believes that the presentation of these non-GAAP financial measures excluding these specific income statement impacts best reflects the underlying performance of our 2008 and 2007 operations and facilitates a more meaningful trend analysis. These non-GAAP measures were used for goal setting, certain compensation related to our annual incentive award program and evaluating our performance on a basis comparable to that used by securities analysts.

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

Item 9.01       Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.	Description
Exhibit 99.1	Press Release dated January 28, 2009 announcing financial results for the fourth quarter of 2008
Exhibit 99.2	Statistical Supplement for the quarterly period ended December 31, 2008

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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: January 28, 2009	By	/s/ Walter S. Berman
		Walter S. Berman
		Executive Vice President and
		Chief Financial Officer

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EX-99.1

Exhibit 99.1

	Ameriprise Financial, Inc.
	Ameriprise Financial Center
	Minneapolis, MN  55474

News Release

Ameriprise Financial Reports

Fourth Quarter and Full Year 2008 Results

$1.69 per share loss in the quarter driven by broad dislocation in financial markets

$0.80 core operating earnings per share in the quarter
excludes extraordinary market impacts

Business remains sound

Company maintains strong balance sheet fundamentals

MINNEAPOLIS — January 28, 2009 — The broad dislocation in financial markets in the fourth quarter of 2008 impacted Ameriprise Financial (NYSE:AMP) results. In the fourth quarter of 2008:

·The S&P 500 Index declined 23 percent,

·Credit spreads widened, as reflected in the 114 basis point increase in the Barclays U.S. Corporate Investment Grade Index and the 642 basis point increase in the Barclays High Yield Index,

·Short-term interest rates declined dramatically as the Fed Funds rate was reduced to 0-25 basis points, reflecting the severity of the economic environment,

·Volatility reached historic levels, and

·Investors increased cash positions, further eroding liquidity in the markets.

Management took the following actions in response to the accelerated market deterioration in the fourth quarter and expectations of continued market dislocation in 2009:

·Increased the discount rate, expected loss and severity rates used to value residential mortgage-backed securities (RMBS) and increased the expected default rates for high yield corporate credits, which resulted in the recognition of $420 million in pretax net realized investment losses, primarily from other than temporary impairments.

·Lowered future variable annuity and variable universal life profit expectations based on continued depreciation in contract values and historical equity market return patterns, which resulted in a $252 million pretax, non-cash charge in deferred acquisition costs (DAC) and deferred sales inducement costs (DSIC).

·Planned further reductions in 2009 expenses, which resulted in $79 million in pretax integration and restructuring charges.

In addition, the company recorded $63 million in expenses for variable annuity death and income benefits, as the decline in equity markets lowered underlying client account values below the guarantee level. The company also had $25 million in pretax expenses related to hedged variable annuity living benefits.

Management believes it has taken prudent actions in light of the current economic environment and recent trends.

As a result of market conditions and management actions, the company reported a $369 million net loss, or ($1.69) per share, in the fourth quarter of 2008. This compares to $255 million of net income, or $1.08 per share, in the prior-year period. Excluding these impacts, the company reported $176 million in core operating earnings, or $0.80 per share, in the fourth quarter of 2008. This compares to $262 million in core operating earnings, or $1.11 per share, in the fourth quarter of 2007. The decline in core operating earnings was primarily due to the impact of market depreciation on fee revenues and a shift in client behavior away from traditional activity, partially offset by expense reductions.

The company maintains strong balance sheet fundamentals, including a high-quality, diversified asset portfolio, excess capital and $6.2 billion in cash and cash equivalents. During 2008, the company deployed $0.8 billion in excess capital for acquisitions and $0.6 billion in share repurchases, ending the year with approximately $0.7 billion in excess capital, even after charges related to the extraordinary market dislocation. In addition, the company’s primary insurance subsidiary, RiverSource Life Insurance Company, ended 2008 with an estimated risk-based capital ratio in excess of 450 percent.

For the year, the company reported a net loss of $38 million, compared to net income of $814 million in 2007. Net loss per share was $0.17, down from net income per share of $3.39 in the prior year period. Excluding extraordinary market impacts and separation costs in 2007, core operating earnings for 2008 were $886 million, down 6 percent from the prior year. Core earnings per share were $3.94, up 1 percent from $3.91 per share in 2007.

“The deteriorating market and economic conditions in the fourth quarter had a significant impact on our results,” said Jim Cracchiolo, chairman and chief executive officer. “In response, we took prudent action to ensure the company is well positioned for the current environment. We continue to maintain strong liquidity and excess capital, even after making important all-cash acquisitions and returning capital to shareholders.

“Despite the difficult environment, our business is sound and we remain focused on executing our strategy. Our strong foundation puts us in a good position to manage the current environment and achieve our growth prospects as conditions improve.”

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Fourth Quarter 2008 Summary

Management believes the exclusion of after-tax impacts due to the extraordinary dislocation in financial markets in the third and fourth quarters of 2008, and exclusion of after-tax separation costs and after-tax realized investment gains in 2007 best reflect the underlying performance of the business. For the non-GAAP presentation of after-tax amounts throughout this news release, the tax effect is calculated using the statutory tax rate of 35 percent.

Ameriprise Financial, Inc.
Fourth Quarter Summary

							%		Per Diluted Share						%
(in millions, unaudited)	2008			2007			Change		2008			2007			Change
Net income (loss)	$	(369	)	$	255		NM		$	(1.69	)(2)	$	1.08		NM
Add: After-tax impacts:(1)
Investment (gains)/losses	273			(12		)	NM		1.24			(0.05		)	NM
Restructuring and integration charges	51			—			NM		0.24			—			NM
Other market dislocation impacts:
DAC and DSIC charges	164			—			NM		0.75			—			NM
Variable annuities	57			—			NM		0.26			—			NM
Separation costs	—			19			NM		—			0.08			NM
Core operating earnings, after-tax	$	176		$	262		(33	)%	$	0.80		$	1.11		(28	)%
Weighted average common shares outstanding:
Basic	218.5			231.4
Diluted	220.3			235.4

NM	Not Meaningful
(1)	For this non-GAAP presentation, after-tax is calculated using the statutory tax rate of 35%.
(2)	Diluted shares used in this calculation represent basic shares due to the net loss. Using actual diluted shares would result in anti-dilution.

The following after-tax items were excluded from core operating earnings in 2008:

·$273 million in net realized investment losses consisting of:

·$187 million in RMBS from an increase in the average discount rate of approximately 600 basis points in the methodology used to value impaired RMBS, as well as an increase in associated default and severity assumptions used to project collateral losses.

·$78 million in corporate credit other than temporary impairments and increased reserves, primarily for bank loans.

·$8 million in other investments.

·$51 million in previously announced integration and restructuring charges.

·The company expects the $39 million after-tax restructuring charge to generate over $80 million pretax in expense savings in 2009, with an annual run-rate savings of over $130 million pretax.

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·The remaining $12 million after-tax amount represents the integration costs associated with the acquisitions. This amount is lower than originally stated primarily due to the favorable outcome of lease termination negotiations.

·$164 million in increased amortization of DAC and DSIC from lower period-ending account values and the use of historical equity market return assumptions for future periods, consisting of:

·$52 million from lower period-end account values.

·$112 million from unlocking future return assumptions based on historical equity market return patterns.

·$57 million from increased variable annuity benefits, consisting of:

·$41 million primarily from variable annuity death benefit expenses.

·$16 million of expenses from:

·$27 million after-tax benefit from variable annuity hedging related to the impact of credit spreads widening on the SFAS 157 valuation liability, partially offset by basis risk and underlying hedge ineffectiveness.

·$43 million after-tax expense from increased amortization of DAC and DSIC from lowering future credit spread assumptions.

Core operating earnings for the fourth quarter of 2008 were impacted by lower asset-based fees driven by equity market declines, lower net investment income as a result of historically low interest rates and client behavioral changes. The company estimates these impacts as follows:

·$95 million after-tax in reduced fees as the average value of the S&P 500 Index in the quarter was down 38 percent from the average in the prior-year quarter.

·$40 million after-tax in reduced net investment income due to historically low short-term interest rates and the company’s decision to maintain a large liquidity pool.

In addition, core operating earnings in the fourth quarter of 2008 included a $36 million pretax gain, or $23 million after-tax, from the sale of certain operating assets in asset management as part of ongoing re-engineering efforts, and a $19 million pretax gain, or $12 million after-tax, from repurchasing certain junior subordinated notes.

Excluded from 2007 core operating earnings were $12 million in after-tax realized net investment gains and $19 million after-tax in separation costs.

Fourth quarter 2007 core operating earnings included $44 million after-tax in revenues from unwinding a variable interest entity and $16 million after-tax in additional proceeds from the sale of the company’s defined contribution recordkeeping business.

The company has initiated an interim goodwill impairment analysis that it expects to complete in February 2009. If the company determines any portion of goodwill is impaired, it could recognize a material non-cash charge that would negatively impact GAAP earnings and earnings per share in the fourth quarter of 2008. This non-cash charge would not impact non-GAAP financial information presented in this news release, including excess capital and RiverSource Life Insurance Company’s estimated risk based capital ratio.

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Liquidity and Balance Sheet

Management’s long-standing emphasis on risk-return decision making and prudent risk management has positioned the company well.

As of December 31, 2008, the company had strong balance sheet fundamentals:

Substantial liquidity

·Cash and cash equivalents were $6.2 billion, an increase from $4.0 billion at September 30, 2008, with $0.7 billion at the holding company level.

·The company has no debt maturities until November 15, 2010, maintains backup lines of credit at parent, subsidiary and mutual fund levels, and has no reliance on commercial paper, bank lines or other short-term institutional funding for liquidity.

Conservative capital management

·The company maintained approximately $0.7 billion in excess capital.

·RiverSource Life Insurance Company’s estimated risk-based capital ratio was in excess of 450 percent.

·The company will continue to utilize enterprise risk management capabilities and product hedging to anticipate and mitigate risk. The variable annuity hedging program was 95 percent effective in 2008, one of the most volatile periods on record.

High quality investment portfolio

·The company’s $22.9 billion available-for-sale portfolio is both well-diversified and high-quality.

·The $420 million in net realized losses in the quarter, primarily from other than temporary impairments represented 1.2 percent of the investment portfolio and consisted of:

·$287 million in realized losses from RMBS, primarily related to Alt-A mortgages. This loss was driven by increased historical and forecast defaults, a material increase in severity estimates above historical levels, and an approximately 600 basis point increase in the discount rate used to value the cash flows of these securities.

·$120 million in realized losses from corporate credits, including reserve increases primarily for bank loans. Further impacted by deterioration in the U.S. economy, these credits were mainly in the financial services and gaming sectors.

·$13 million in other securities.

·The company intends to hold the securities until maturity. As such, management believes it will likely recover a significant percentage of these impairments.

·Net unrealized losses were approximately $1.8 billion, or $1.2 billion after-tax, which represents 17 percent of shareholders’ equity, excluding accumulated other comprehensive income.

·Approximately 5 percent of the portfolio is rated below investment grade.

·The company’s $2.9 billion commercial mortgage loan portfolio had an average loan-to-value ratio of 53 percent and a debt service coverage ratio of over 1.8 times, and continued to perform well.

Conservative capital ratios

·The debt-to-capital ratio was 24.7 percent.

·The debt-to-capital ratio excluding non-recourse debt and with 75 percent equity credit for hybrid securities was 19.8 percent.

Additional detail on the company’s investment portfolio has been posted to its investor relations website at ir.ameriprise.com.

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Fourth Quarter 2008 Highlights

·The company’s client base remained stable, with continued strong retention of 94 percent.

·Branded financial planning net cash sales increased 6 percent to $56 million in the quarter.

·Total financial advisors increased 6 percent to 12,486, reflecting the completion of the H&R Block Financial Advisors and Brecek & Young acquisitions, as well as improved employee advisor retention.

·Owned, managed and administered assets decreased 22 percent year-over-year to $372 billion as of December 31, 2008, reflecting the 38 percent decline in the S&P 500 Index over the same time period, partially offset by the addition of $37 billion in assets from the completion of the company’s acquisitions during the quarter. Net inflows in fixed annuities, variable annuities and certificates, were more than offset by net outflows in asset management and wrap products. The net inflows in fixed annuities in the fourth quarter of 2008 represented the first quarter of fixed annuity net inflows since the third quarter of 2003.

·Life insurance in-force grew to $192 billion, up 3 percent from the prior-year period.

·Ameriprise Auto & Home premiums increased 7 percent from the prior-year quarter with a 6 percent increase in policy counts.

·The company announced restructuring and integration charges, which are expected to reduce general and administrative expenses by over $80 million in 2009 with annual run-rate savings of over $130 million.

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Ameriprise Financial, Inc.

Consolidated Income Statements

	Quarter Ended December 31,									2008
	2008					2007				Core
(in millions, unaudited)	GAAP Earnings			Core Operating Earnings(1)		GAAP Earnings		Core Operating Earnings(1)		vs. 2007 Core B/(W)*
Revenues
Management and financial advice fees	$	607		$	607	$	930	$	930	(35	)%
Distribution fees	334			334		415		415		(20	)
Net investment income	(28		)	392		475		457		(14	)
Premiums	282			282		271		271		4
Other revenues	202			202		228		228		(11	)
Total revenues	1,397			1,817		2,319		2,301		(21	)
Banking and deposit interest expense	47			47		59		59		20
Total net revenues	1,350			1,770		2,260		2,242		(21	)
Expenses
Distribution expenses	417			417		527		527		21
Interest credited to fixed accounts	203			203		202		202		—
Benefits, claims, losses and settlement expenses	331			306		276		276		(11	)
Amortization of deferred acquisition costs	395			80		164		164		51
Interest and debt expense	28			28		27		27		(4	)
Separation costs	—			—		28		—		—
General and administrative expense	617			538		698		698		23
Total expenses	1,991			1,572		1,922		1,894		17
Pretax income (loss)	(641		)	198		338		348		(43	)
Income tax provision (benefit)	(272		)	22		83		86		74
Net income (loss)	$	(369	)	$	176	$	255	$	262	(33	)%

*	B/(W) means the percent 2008 core operating earnings are either better than or worse than 2007 core operating earnings.
(1)	See page 14 for reconciliation of non-GAAP numbers.

Fourth Quarter 2008 Consolidated Results

The company reported a net loss of $369 million for the fourth quarter of 2008. Excluding $545 million of after-tax impacts from extraordinary market dislocation and management actions, core operating earnings declined 33 percent to $176 million, primarily from market-related impacts on fee revenue and client behavior.

Total net revenues declined 40 percent, or $910 million, to $1.4 billion, primarily due to declines in net investment income driven by market deterioration in the quarter. Excluding these impacts, core net revenues were $1.8 billion, down 21 percent from the prior-year period, primarily due to equity market depreciation, lower client activity and lower yield on the company’s investment portfolio.

Management and financial advice fees declined 35 percent, or $323 million, to $607 million, primarily due to equity market depreciation of 39 percent year over year.

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Distribution fees declined 20 percent, or $81 million, to $334 million, primarily driven by lower client activity, as well as lower asset levels. Clients’ preference for cash and deposit products in the quarter resulted in slowing sales and flows for other products, which generate distribution fees.

The net investment loss of $28 million in the fourth quarter of 2008 compares to $475 million in net investment income in the prior-year period. The decline was driven by $420 million in net realized investment losses, primarily from other than temporary impairments. Excluding investment losses and gains, net investment income declined 14 percent to $392 million, compared to the prior-year quarter, primarily due to the lower interest rate environment on fixed accounts and the company’s decision to increase its liquidity pool. The fourth quarter of 2007 included $18 million of net investment gains.

Premiums increased 4 percent, or $11 million, to $282 million, primarily due to growth in Auto & Home premiums.

Other revenues declined 11 percent, or $26 million, to $202 million, which included $36 million in proceeds from the sale of certain operating assets in the fourth quarter of 2008. The prior-year period included $68 million in revenues from unwinding a variable interest entity and $25 million in additional proceeds from the sale of the company’s defined contribution recordkeeping business. Excluding these items, the increase was primarily due to recognizing a gain on the retirement of certain junior subordinated notes.

Banking and deposit interest expense decreased 20 percent, or $12 million, to $47 million, primarily due to lower crediting rates on certificates, partially offset by higher certificate balances.

Expenses

Consolidated expenses increased 4 percent, or $69 million, to $2.0 billion. Core expenses declined 17 percent, or $322 million, reflecting lower business volumes and continued strong expense controls. Core expenses also included $61 million in operating expenses from acquisitions that closed in the fourth quarter of 2008.

Distribution expenses declined 21 percent, or $110 million, to $417 million, primarily due to decreases in advisor compensation reflecting lower year-over-year cash sales and compensation based on asset levels, which were impacted by market declines.

Interest credited to fixed accounts remained relatively flat at $203 million, reflecting lower average balances offset by slightly higher crediting rates.

Benefits, claims, losses and settlement expenses increased 20 percent, or $55 million, to $331 million. Core benefits, claims, losses and settlement expenses increased 11 percent to $306 million, primarily due to reserve increases in 2008 for weather-related losses in Auto and Home as well as decreases in fourth quarter 2007 related to errors and omissions reserve release and the impact of the application of SOP 03-1 on variable annuity living benefit reserves. The $25 million in market driven impacts excluded from core include increases in DSIC amortization and variable annuity guaranteed minimum death and income benefits, partially offset by an $82 million expense decrease from variable annuity living benefits, net of hedging. The mark-to-market of the variable annuity guaranteed living benefit riders is comprised of a $1.6 billion increase in hedge assets offset by a $1.5 billion increase in reserves.

Amortization of DAC more than doubled to $395 million from $164 million. When excluding $315 million of amortization expense related to market conditions and assumptions, core amortization of

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DAC declined 51 percent to $80 million. This decline is primarily due to lower variable annuity fee revenue in the fourth quarter of 2008 and unfavorable impacts from market conditions, as well as the application of SOP 03-1 to variable annuity living benefit riders in the prior-year quarter.

General and administrative expense declined 12 percent, or $81 million, to $617 million. Excluding $79 million in restructuring and integration charges, general and administrative expense declined 23 percent, or $160 million, to $538 million. The decline reflected cost controls and lower compensation-related expenses primarily from lower Threadneedle hedge fund performance fees, partially offset by higher expenses from recent acquisitions.

Taxes

The effective tax rate on net income (loss) was 42.4 percent for the quarter, up from 24.4 percent in the prior-year period. The increase in the effective tax rate is primarily impacted by generating a pretax loss in the current quarter compared to pretax income in the prior-year period.

Ameriprise Financial, Inc.

Segment Results

	Quarter Ended December 31,												2008
	2008						2007						Core
(in millions, unaudited)	GAAP Earnings			Core Operating Earnings(1)			GAAP Earnings			Core Operating Earnings(1)			vs. 2007 Core B/(W)*
Pretax income (loss)
Certificates and Banking	$	(192	)	$	2		$	(8	)	$	(8	)	NM
Wealth Management and Distribution	5			17			42			42			(60	)%
Advice & Wealth Management	(187		)	19			34			34			(44	)
Asset Management	2			6			108			108			(94	)
Annuities	(372		)	88			128			113			(22	)
Protection	33			126			154			151			(17	)
Corporate & Other	(117		)	(41		)	(86		)	(58		)	29
Pretax income (loss)	(641		)	198			338			348			(43	)
Income tax provision (benefit)	(272		)	22			83			86			74
Net income (loss)	$	(369	)	$	176		$	255		$	262		(33	)%

*	B/(W) means the percent 2008 core operating earnings are either better than or worse than 2007 core operating earnings.
NM	Not Meaningful.
(1)	See page 15 for reconciliation of non-GAAP numbers.

Fourth Quarter 2008 Segment Financial Highlights

Segment results reflect the impact of the extraordinary dislocation in financial markets in the fourth quarter of 2008 and management’s efforts to control expenses while investing for long-term growth. Segment results do not include income taxes.

Advice & Wealth Management reported a pretax loss of $187 million for the quarter, primarily driven by $194 million in net realized losses in the certificates and banking investment portfolios. Excluding impacts from the accelerated market dislocation in the quarter, pretax segment core operating earnings were $19 million, a 44 percent decline from $34 million in the prior-year period,

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primarily due to market-driven asset declines and reduced client activity. Expenses remained well controlled, reflecting lower compensation related expenses and management’s initiatives to reduce expenses. The company completed its acquisitions of H&R Block Financial Advisors and Brecek & Young during the quarter, which is reflected in the 15 percent year-over-year increase in employee advisors and 19 percent year-over-year increase in advisors at Securities America.

Asset Management reported pretax income of $2 million for the quarter compared to pretax income of $108 million in the prior-year period. The decline was driven by market depreciation on assets, negative foreign currency translation and net outflows. RiverSource net outflows in the quarter were primarily due to reduced mutual fund sales in the Ameriprise channel as client activity slowed. RiverSource redemption rates continued to remain stable. Threadneedle experienced slowing sales as well as planned redemptions of lower-margin institutional assets, primarily from Zurich, partially offset by net inflows in alternative investments. Threadneedle investment performance remained strong. Segment expenses remained well controlled. The company completed its acquisition of J. & W. Seligman & Co. during the fourth quarter, which contributed $13 billion to managed assets and enhanced its technology, growth, value and alternative investment capabilities and expanded distribution. In addition, fourth quarter 2008 segment results included a gain from the sale of certain operating assets as part of the company’s reengineering efforts.

Annuities reported a pretax loss of $372 million for the quarter, driven by $169 million in net realized losses, primarily from other than temporary impairments, $203 million in increased amortization of DAC and a net $88 million increase in expenses for variable annuity guarantees. Excluding these market-driven losses, segment core operating earnings were $88 million, a 22 percent decline from $113 million in core operating earnings in the prior-year period due to lower spreads on fixed balances and lower margins on the variable balances due to market declines. Clients’ decreased risk tolerances and preference to hold cash reduced variable annuity sales and drove net inflows in fixed annuities.

Protection reported pretax income of $33 million compared to $154 million in the prior-year period. Excluding net realized losses of $44 million and $49 million in increased amortization of DAC, segment core operating earnings were $126 million, a 17 percent decline from $151 million in core operating earnings in the prior-year period. The decline was primarily driven by $19 million of revenue in 2007 from unwinding a variable interest entity and reserve increases in 2008 for weather-related losses in Auto and Home.

Corporate & Other reported a pretax loss of $117 million including $62 million in restructuring and other charges and $14 million in net realized losses. Excluding these actions, segment core operating loss was $41 million, a 29 percent improvement from a $58 million core operating loss in the prior-year period, primarily due to a gain from repurchasing certain of the company’s junior subordinated notes as well as expense controls.

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Contacts

Investor Relations:	Media Relations:
Laura Gagnon	Paul Johnson
Ameriprise Financial	Ameriprise Financial
612.671.2080	612.671.0625
laura.c.gagnon@ampf.com	paul.w.johnson@ampf.com
	Benjamin Pratt
	Ameriprise Financial
	612.678.5881
	benjamin.j.pratt@ampf.com

Ameriprise Financial, Inc. is a diversified financial services company serving the comprehensive financial planning needs of the mass affluent and affluent. For more information, visit ameriprise.com.

RiverSource mutual funds are distributed by RiverSource Distributors, Inc. and Ameriprise Financial Services, Inc. Members FINRA and managed by RiverSource Investments, LLC. For complete mutual fund ranking data and other important disclosures please refer to Exhibit A “RiverSource Mutual Fund Performance and Lipper Ranking” in the Fourth Quarter 2008 Statistical Supplement available at ir.ameriprise.com.

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

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

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

Forward-Looking Statements

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

· the statement of belief in this news release that the company expects continued market dislocation in 2009;

· the statements regarding changes in assumptions as to (i) discount rate, expected loss and severity rates used in valuation of RMBS, (ii) expected default rates for corporate credits and

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	bank loans, (iii) future variable annuity and variable universal life profit expectations as pertain to DAC and DSIC charges, including, lower equity market return and credit spread assumptions;
·	the statement in this news release that the company’s primary insurance subsidiary, RiverSource Life Insurance Company, ended 2008 with an estimated risk-based capital ratio in excess of 450 percent;
·	the statement in this news release that the company intends to hold its impaired securities until maturity and the statement of belief in this news release that the company will likely recover a significant percentage of the impairments;
·	the statement of belief in this news release that the company will generate over $80 million of expense savings in 2009 with annual run-rate savings of over $130 million by the end of 2009;
·	statements of the company’s plans, intentions, expectations, objectives or goals, including those relating to asset flows, mass affluent and affluent client acquisition strategy, financial advisor retention and enrollments, general and administrative costs, consolidated tax rate; and excess capital position;
·	other statements about future economic performance, the performance of equity markets and interest rate variations and the economic performance of the United States and of global markets; and
·	statements of assumptions underlying such statements.

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

Such factors include, but are not limited to:

· changes in the valuations, liquidity and volatility in the interest rate, credit default, equity market, and foreign exchange environments;

· changes in the litigation and regulatory environment, including ongoing legal proceedings and regulatory actions, the frequency and extent of legal claims threatened or initiated by clients, other persons and regulators, and developments in regulation and legislation;

· investment management performance and consumer acceptance of the company’s products;

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

· the company’s capital structure, including indebtedness, limitations on subsidiaries to pay dividends, and the extent, manner, terms and timing of any share or debt repurchases management may effect as well as the opinions of rating agencies and other analysts and the reactions of market participants or the company’s regulators, advisors or customers in response to any change or prospect of change in any such opinion;

· risks of default by issuers or guarantors of investments the company owns or by counterparties to hedge, derivative, insurance or reinsurance arrangements, experience deviations from the company’s assumptions regarding such risks, the evaluations or the prospect of changes in evaluations of such third parties published by rating agencies or other analysts, and the reactions of other market participants in response to any such evaluation or prospect of changes in evaluation;

· experience deviations from the company’s assumptions regarding morbidity, mortality and persistency in certain annuity and insurance products, or from assumptions regarding market volatility underlying our hedges on guaranteed benefit annuity riders;

· the impacts of the company’s efforts to improve distribution economics and to grow third-party distribution of its products;

12

· the company’s ability to realize the financial, operating and business fundamental benefits or to obtain regulatory approvals regarding integration we plan for the acquisitions we have completed;

· the ability to realize savings and other benefits from reengineering and tax planning;

· changes in the capital markets and competitive environments induced or resulting from the partial or total ownership or other support by central governments of certain financial services firms or financial assets; and

· general economic and political factors, including consumer confidence in the economy, the ability and inclination of consumers generally to invest as well as their ability and inclination to invest in financial instruments and products other than cash and cash equivalents, the costs of products and services the company consumes in the conduct of its business, and applicable legislation and regulation and changes therein, including tax laws, tax treaties, fiscal and central government treasury policy, and policies regarding the financial services industry and publicly-held firms, and regulatory rulings and pronouncements.

Management cautions you that the foregoing list of factors is not exhaustive. There may also be other risks that management is unable to predict at this time that may cause actual results to differ materially from those in forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Management undertakes no obligation to update publicly or revise any forward-looking statements. The foregoing list of factors should be read in conjunction with the “Risk Factors” discussion included as Part 1, Item 1A of and elsewhere in our Annual Report on Form 10-K for year-end 2007, the “Risk Factors” discussion included as Part 2, Item 1A of and elsewhere in our Form 10-Q for the quarter ended September 30, 2008 and the “Forward-Looking Statements” discussion in our Form 8-K dated January 20, 2009, and at ir.ameriprise.com/phoenix.zhtml?c=191716&p=irol-forwardLookingStatement.

The financial results discussed in this news release represent past performance only, which may not be used to predict or project future results. The financial results and values presented in this news release and the below-referenced Statistical Supplement are based upon asset valuations that represent estimates as of the date of this news release and may be revised in the company’s Annual Report on Form 10-K  for the fiscal year ended December 31, 2008. For information about Ameriprise Financial entities, please refer to the Fourth Quarter 2008 Statistical Supplement available at ir.ameriprise.com and the tables that follow in this news release.

13

TABLES

Ameriprise Financial, Inc.

Reconciliation Table: GAAP Income Statement to Core Operating Earnings

	Quarter Ended December 31, 2008								Quarter Ended December 31, 2007
(in millions, unaudited)	GAAP Earnings			Market Dislocation			Core Operating Earnings		GAAP Earnings		Adjustments			Core Operating Earnings
Revenues	$	607		$	—		$	607	$	930	$	—		$	930
Management and financial advice fees
Distribution fees	334			—			334		415		—			415
Net investment income	(28		)	420		(1)	392		475		(18		)(5)	457
Premiums	282			—			282		271		—			271
Other revenues	202			—			202		228		—			228
Total revenues	1,397			420			1,817		2,319		(18		)	2,301
Banking and deposit interest expense	47			—			47		59		—			59
Total net revenues	1,350			420			1,770		2,260		(18		)	2,242
Expenses	417			—			417		527		—			527
Distribution expenses
Interest credited to fixed accounts	203			—			203		202		—			202
Benefits, claims, losses and settlement expenses	331			(25		)(2)	306		276		—			276
Amortization of deferred acquisition costs	395			(315		)(3)	80		164		—			164
Interest and debt expense	28			—			28		27		—			27
Separation costs	—			—			—		28		(28		)	—
General and administrative expense	617			(79		)(4)	538		698		—			698
Total expenses	1,991			(419		)	1,572		1,922		(28		)	1,894
Pretax income (loss)	(641		)	839			198		338		10			348
Income tax provision (benefit)	(272		)	294		(6)	22		83		3		(6)	86
Net income (loss)	$	(369	)	$	545		$	176	$	255	$	7		$	262

(1)	Includes net realized gains and losses on Available-for-Sale securities, an increase in reserves on bank loans and the fair value adjustment on low income housing investments.
(2)	Includes an increase in variable annuity guaranteed minimum death and income benefits due to lower equity market valuations, an increase in DSIC amortization related to the market and the impact of variable annuity living benefit riders, net of hedges.
(3)	Includes an increase in DAC amortization related to the market and the DAC effect of the variable living benefit riders, net of hedges.
(4)	Includes integration and restructuring charges.
(5)	Includes realized net investment gains.
(6)	Reflects tax at the statutory rate of 35%.

14

Ameriprise Financial, Inc.

Reconciliation Table: GAAP Pretax Segment Income (Loss) to Core Operating Earnings

	Quarter Ended December 31, 2008
(in millions, unaudited)	GAAP Earnings			Market Dislocation		Core Operating Earnings
Pretax income (loss)
Certificates and Banking	$	(192	)	$	194	$	2
Wealth Management and Distribution	5			12		17
Advice & Wealth Management	(187		)	206		19
Asset Management	2			4		6
Annuities	(372		)	460		88
Protection	33			93		126
Corporate & Other	(117		)	76		(41		)
Pretax income (loss)	(641		)	839		198
Income tax provision (benefit)	(272		)	294		22
Net income (loss)	$	(369	)	$	545	$	176

Ameriprise Financial, Inc.

Reconciliation Table: GAAP Pretax Segment Income (Loss) to Core Operating Earnings

	Quarter Ended December 31, 2007
(in millions, unaudited)	GAAP Earnings			Adjustments			Core Operating Earnings
Pretax income (loss)
Certificates and Banking	$	(8	)	$	—		$	(8	)
Wealth Management and Distribution	42			—			42
Advice & Wealth Management	34			—			34
Asset Management	108			—			108
Annuities	128			(15		)	113
Protection	154			(3		)	151
Corporate & Other	(86		)	28			(58		)
Pretax income	338			10			348
Income tax provision	83			3			86
Net income	$	255		$	7		$	262

15

The following full-year tables are presented to identify the impact of the market dislocation that occurred in 2008. Management believes the exclusion of after-tax impacts due to the extraordinary dislocation in financial markets in the third and fourth quarter of 2008 and exclusion of after-tax separation costs and after-tax realized investment gains in 2007 best reflect the underlying performance of the business. The amounts denoted as 2008 market dislocation impacts include amounts that were not excluded from core earnings in prior quarters.

Ameriprise Financial, Inc.
Full Year Summary

							%		Per Diluted Share						%
(in millions, unaudited)	2008			2007			Change		2008			2007			Change
Net income (loss)	$	(38	)	$	814		NM		$	(0.17	)(2)	$	3.39		NM
Add: After-tax impacts:(1)
Investment (gains)/losses	515			(29		)	NM		2.29			(0.12		)	NM
RiverSource 2a-7 money market funds support costs	57			—			NM		0.25			—			NM
Expenses related to unaffiliated money market funds	31			—			NM		0.14			—			NM
Restructuring and integration charges	51			—			NM		0.23			—			NM
Other market dislocation impacts:
DAC and DSIC charges	218			—			NM		0.97			—			NM
Variable annuities	52			—			NM		0.23			—			NM
Separation costs	—			154			NM		—			0.64			NM
Core operating earnings, after-tax	$	886		$	939		(6	)%	$	3.94		$	3.91		1	%
Weighted average common shares outstanding:
Basic	222.3			236.2
Diluted	224.9			239.9

NM	Not Meaningful.
(1)	For this non-GAAP presentation, after-tax is calculated using the statutory tax rate of 35%.
(2)	Diluted shares used in this calculation represent basic shares due to the net loss. Using actual diluted shares would result in anti-dilution.

16

Ameriprise Financial, Inc.

Consolidated Income Statements

	Year Ended December 31,									2008
	2008					2007				Core
(in millions, unaudited)	GAAP Earnings			Core Operating Earnings(1)		GAAP Earnings		Core Operating Earnings(1)		vs. 2007 Core B/(W)*
Revenues
Management and financial advice fees	$	2,899		$	2,899	$	3,238	$	3,238	(10	)%
Distribution fees	1,565			1,577		1,762		1,762		(10	)
Net investment income	828			1,632		2,018		1,974		(17	)
Premiums	1,091			1,091		1,063		1,063		3
Other revenues	766			766		724		724		6
Total revenues	7,149			7,965		8,805		8,761		(9	)
Banking and deposit interest expense	179			179		249		249		28
Total net revenues	6,970			7,786		8,556		8,512		(9	)
Expenses
Distribution expenses	1,948			1,948		2,057		2,057		5
Interest credited to fixed accounts	790			790		847		847		7
Benefits, claims, losses and settlement expenses	1,125			1,116		1,179		1,179		5
Amortization of deferred acquisition costs	933			529		551		551		4
Interest and debt expense	109			109		112		112		3
Separation costs	—			—		236		—		—
General and administrative expense	2,436			2,244		2,558		2,558		12
Total expenses	7,341			6,736		7,540		7,304		8
Pretax income (loss)	(371		)	1,050		1,016		1,208		(13	)
Income tax provision (benefit)	(333		)	164		202		269		39
Net income (loss)	$	(38	)	$	886	$	814	$	939	(6	)%

*B/(W) means the percent 2008 core operating earnings are either better than or worse than 2007 core operating earnings.

(1)See following page for reconciliation of non-GAAP numbers.

17

Ameriprise Financial, Inc.

Reconciliation Table: GAAP Income Statement to Core Operating Earnings

	Year Ended December 31, 2008								Year Ended December 31, 2007
(in millions, unaudited)	GAAP Earnings			Market Dislocation			Core Operating Earnings		GAAP Earnings		Adjustments			Core Operating Earnings
Revenues
Management and financial advice fees	$	2,899		$	—		$	2,899	$	3,238	$	—		$	3,238
Distribution fees	1,565			12		(1)	1,577		1,762		—			1,762
Net investment income	828			804		(2)	1,632		2,018		(44		)(6)	1,974
Premiums	1,091			—			1,091		1,063		—			1,063
Other revenues	766			—			766		724		—			724
Total revenues	7,149			816			7,965		8,805		(44		)	8,761
Banking and deposit interest expense	179			—			179		249		—			249
Total net revenues	6,970			816			7,786		8,556		(44		)	8,512
Expenses
Distribution expenses	1,948			—			1,948		2,057		—			2,057
Interest credited to fixed accounts	790			—			790		847		—			847
Benefits, claims, losses and settlement expenses	1,125			(9		)(3)	1,116		1,179		—			1,179
Amortization of deferred acquisition costs	933			(404		)(4)	529		551		—			551
Interest and debt expense	109			—			109		112		—			112
Separation costs	—			—			—		236		(236		)	—
General and administrative expense	2,436			(192		)(5)	2,244		2,558		—			2,558
Total expenses	7,341			(605		)	6,736		7,540		(236		)	7,304
Pretax income (loss)	(371		)	1,421			1,050		1,016		192			1,208
Income tax provision (benefit)	(333		)	497		(7)	164		202		67		(7)	269
Net income (loss)	$	(38	)	$	924		$	886	$	814	$	125		$	939

(1)Includes write-off of distribution revenue receivable from unaffiliated money market funds.

(2)Includes net realized gains and losses on Available-for-Sale securities, an increase in reserves on bank loans, the fair value adjustment on low income housing investments and realized losses related to other securities.

(3)Includes an increase in variable annuity guaranteed minimum death and income benefits due to lower equity market valuations, an increase in DSIC amortization related to the market and the impact of variable annuity living benefit riders, net of hedges .

(4)Includes an increase in DAC amortization related to the market and the DAC effect of variable annuity living benefit riders, net of hedges.

(5)Includes integration and restructuring charges and support costs related to RiverSource 2a-7 money market funds and unaffiliated money market funds.

(6)Includes realized net investment gains.

(7)Reflects tax at the statutory rate of 35%.

18

Ameriprise Financial, Inc.

Reconciliation Table: Debt to Total Capital

December 31, 2008

(in millions, unaudited)	GAAP Measure			Non-recourse Debt		Debt Less Non-recourse Debt			Impact of 75% Equity Credit(1)		Debt Less Non-recourse with Equity Credit(1)
Debt	$	2,027		$	70	$	1,957		$	343	$	1,614
Capital	$	8,218		$	70	$	8,148				$	8,148
Debt to Capital	24.7		%			24.0		%			19.8		%

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

# # #

© 2009 Ameriprise Financial, Inc. All rights reserved.

19

EX-99.2

Exhibit 99.2

Statistical Supplement Package

(unaudited)

Fourth Quarter 2008

1

Ameriprise Financial, Inc.

Statistical Supplement Information

Table of Contents

	Page
Ameriprise Financial, Inc.
Highlights	4
Financial Summary	5
Consolidated Income Statements	6
Consolidated, Per Share Summary	8
Advice & Wealth Management Segment
Segment Income Statements	10
Segment Metrics	11
Asset Management Segment
Segment Income Statements	13
Segment Metrics	14
Domestic Asset Management Products	15
International Asset Management Products	16
Annuities Segment
Segment Income Statements	18
Segment Metrics	19
Protection Segment
Segment Income Statements	21
Segment Metrics	22
Corporate & Other Segment
Segment Income Statements	24
Eliminations
Income Statements	25
Balance Sheet and Ratings Information
Consolidated Balance Sheets	27
Capital and Ratings Information	28
Investments	29
Non-GAAP Financial Information	30
Glossary of Selected Terminology
Glossary of Selected Terminology - Segments	31
Glossary of Selected Terminology	32
Exhibit A
Domestic Mutual Fund Performance and Lipper Ranking	35
Exhibit B
Return on Equity	42
Exhibit C
Disclosed Items	44
Exhibit D
Prior Statistical Supplement Reconciliation Tables	49

2

Statistical Supplement Package

(unaudited)

Fourth Quarter 2008

Consolidated Results

3

Ameriprise Financial, Inc.

Highlights

Fourth Quarter 2008

															Prior Year Comparisons
											Year-to-Date				Qtr Chg - 4Q			YTD Chg - 4Q			Seq Qtr Chg - 4Q
(in millions, except earnings per share amounts, headcount and as otherwise noted, unaudited)	4 Qtr 2007		1 Qtr 2008		2 Qtr 2008		3 Qtr 2008		4 Qtr 2008		2007		2008		Diff.		%	Diff.		%	Diff.		%
Management Targets
Net revenue growth: Target 6 - 8%	5.9	%	(1.6	)%	(8.1	)%	(22.3	)%	(40.3	)%	6.6	%	(18.5	)%	(46.2	)%		(25.1	)%		(18.0	)%
Return on equity: Target 12 - 15% (1)	10.5	%	10.9	%	11.2	%	7.9	%	(0.5	)%	10.5	%	(0.5	)%	(11.0	)%		(11.0	)%		(8.4	)%
Earnings per diluted share growth: Target 12 - 15% (1)	56.5	%	20.6	%	14.8	%	(138.6	)%	(256.5	)%	33.5	%	(105.0	)%	(313.0	)%		(138.5	)%		(117.9	)%
Margins
Pretax income (loss) margin (1)	15.0	%	9.8	%	12.0	%	(9.9	)%	(47.5	)%	11.9	%	(5.3	)%	(62.5	)%		(17.2	)%		(37.6	)%
Net income (loss) margin (1)	11.3	%	9.6	%	10.6	%	(4.3	)%	(27.3	)%	9.5	%	(0.5	)%	(38.6	)%		(10.1	)%		(23.1	)%
Earnings Per Share

Basic earnings (loss) per share	$	1.10	$	0.84	$	0.94	$	(0.32	)	$	(1.69	)	$	3.45	$	(0.17	)	$	(2.79	)	#	$	(3.62	)	#	$	(1.37	)	#
Earnings (loss) per diluted share	$	1.08	$	0.82	$	0.93	$	(0.32	)	$	(1.69	)	$	3.39	$	(0.17	)	$	(2.77	)	#	$	(3.56	)	#	$	(1.37	)	#

Share Information
Total common outstanding	227.7	223.4	218.9	216.6	216.5	227.7	216.5	(11.2	)	(5	)%	(11.2	)	(5	)%	(0.1	)	(0	)%
Nonforfeitable restricted stock units	1.4	2.6	2.0	2.0	1.9	1.4	1.9	0.5		36	%	0.5		36	%	(0.1	)	(5	)%
Total potentially dilutive	3.9	2.8	2.7	2.9	2.1	3.9	2.1	(1.8	)	(46	)%	(1.8	)	(46	)%	(0.8	)	(28	)%
Total diluted shares	233.0	228.8	223.6	221.5	220.5	233.0	220.5	(12.5	)	(5	)%	(12.5	)	(5	)%	(1.0	)	(0	)%
Weighted average common shares outstanding
Basic	231.4	228.4	223.2	219.1	218.5	236.2	222.3	(12.9	)	(6	)%	(13.9	)	(6	)%	(0.6	)	(0	)%
Diluted	235.4	231.5	226.0	221.7	220.3	239.9	224.9	(15.1	)	(6	)%	(15.0	)	(6	)%	(1.4	)	(1	)%
Metrics

Equity	$	7,810	$	7,581	$	7,314	$	6,717	$	6,191	$	7,810	$	6,191	$	(1,619	)	(21	)%	$	(1,619	)	(21	)%	$	(526	)	(8	)%
Total client assets	293,899		275,958		275,473		253,431		241,363		293,899		241,363		(52,536		)	(18	)%	(52,536		)	(18	)%	(12,068		)	(5	)%
Total financial advisors	11,824		11,609		11,521		11,433		12,486		11,824		12,486		662			6	%	662			6	%	1,053			9	%
Net revenue per financial advisor (in thousands)	$	80	$	81	$	77	$	62	$	47	$	315	$	267	$	(33	)	(41	)%	$	(48	)	(15	)%	$	(15	)	(24	)%
Owned, Managed, and Administered Assets (in billions)
Owned	$	39.6	$	36.8	$	36.9	$	34.4	$	31.7	$	39.6	$	31.7	$	(7.9	)	(20	)%	$	(7.9	)	(20	)%	$	(2.7	)	(8	)%
Managed
External clients	306.6		285.6		281.3		241.1		209.4		306.6		209.4		(97.2		)	(32	)%	(97.2		)	(32	)%	(31.7		)	(13	)%
Owned	62.6		60.9		59.9		57.2		55.5		62.6		55.5		(7.1		)	(11	)%	(7.1		)	(11	)%	(1.7		)	(3	)%
Total managed	369.2		346.5		341.2		298.3		264.9		369.2		264.9		(104.3		)	(28	)%	(104.3		)	(28	)%	(33.4		)	(11	)%
Administered	71.0		65.8		65.6		60.8		75.5		71.0		75.5		4.5			6	%	4.5			6	%	14.7			24	%
Total OMA assets	$	479.8	$	449.1	$	443.7	$	393.5	$	372.1	$	479.8	$	372.1	$	(107.7	)	(22	)%	$	(107.7	)	(22	)%	$	(21.4	)	(5	)%

Dividends paid	$	35		$	34		$	34		$	37		$	38		$	133		$	143		$	3		9	%	$	10		8	%	$	1		3	%
Common stock share repurchases	$	283		$	270		$	250		$	94		$	—		$	948		$	614		$	(283	)	#		$	(334	)	(35	)%	$	(94	)	#
Debt to total capital	20.5		%	21.0		%	21.6		%	23.6		%	24.7		%	20.5		%	24.7		%	4.2		%			4.2		%			1.1		%
Debt to total capital excluding non-recourse debt	20.4		%	20.9		%	21.5		%	22.9		%	24.0		%	20.4		%	24.0		%	3.6		%			3.6		%			1.1		%
Debt to total capital excluding non-recourse debt and 75% equity credit	16.6		%	17.0		%	17.4		%	18.6		%	19.8		%	16.6		%	19.8		%	3.2		%			3.2		%			1.2		%

(1)See non-GAAP Financial Information.

# Variance of 100% or greater.

4

Ameriprise Financial, Inc.

Financial Summary

Fourth Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2007			1 Qtr 2008			2 Qtr 2008			3 Qtr 2008			4 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Segment Summary
Net Revenues
Advice & Wealth Management	$	947		$	936		$	891		$	712		$	582		$	3,813		$	3,121		$	(365	)	(39	)%	$	(692	)	(18	)%	$	(130	)	(18	)%
Asset Management	492			355			364			305			265			1,762			1,289			(227		)	(46	)%	(473		)	(27	)%	(40		)	(13	)%
Annuities	580			478			494			336			310			2,206			1,618			(270		)	(47	)%	(588		)	(27	)%	(26		)	(8	)%
Protection	524			492			490			554			461			1,985			1,997			(63		)	(12	)%	12			1	%	(93		)	(17	)%
Corporate & Other	16			9			14			(9		)	(15		)	24			(1		)	(31		)	#		(25		)	#		(6		)	(67	)%
Eliminations	(299		)	(270		)	(274		)	(257		)	(253		)	(1,234		)	(1,054		)	46			15	%	180			15	%	4			2	%
Total net revenues	2,260			2,000			1,979			1,641			1,350			8,556			6,970			(910		)	(40	)%	(1,586		)	(19	)%	(291		)	(18	)%
Expenses
Advice & Wealth Management	913			872			840			789			769			3,528			3,270			(144		)	(16	)%	(258		)	(7	)%	(20		)	(3	)%
Asset Management	384			337			322			290			263			1,455			1,212			(121		)	(32	)%	(243		)	(17	)%	(27		)	(9	)%
Annuities	452			436			417			370			682			1,783			1,905			230			51	%	122			7	%	312			84	%
Protection	370			390			377			450			428			1,500			1,645			58			16	%	145			10	%	(22		)	(5	)%
Corporate & Other	74			40			60			161			102			272			363			28			38	%	91			33	%	(59		)	(37	)%
Eliminations	(299		)	(270		)	(274		)	(257		)	(253		)	(1,234		)	(1,054		)	46			15	%	180			15	%	4			2	%
Total expenses before separation costs	1,894			1,805			1,742			1,803			1,991			7,304			7,341			97			5	%	37			1	%	188			10	%
Separation Costs
Corporate & Other	28			—			—			—			—			236			—			(28		)	#		(236		)	#		—			—
Pretax Segment Income (Loss)
Advice & Wealth Management	34			64			51			(77		)	(187		)	285			(149		)	(221		)	#		(434		)	#		(110		)	#
Asset Management	108			18			42			15			2			307			77			(106		)	(98	)%	(230		)	(75	)%	(13		)	(87	)%
Annuities	128			42			77			(34		)	(372		)	423			(287		)	(500		)	#		(710		)	#		(338		)	#
Protection	154			102			113			104			33			485			352			(121		)	(79	)%	(133		)	(27	)%	(71		)	(68	)%
Corporate & Other	(86		)	(31		)	(46		)	(170		)	(117		)	(484		)	(364		)	(31		)	(36	)%	120			25	%	53			31	%
Eliminations	—			—			—			—			—			—			—			—			—		—			—		—			—
Total pretax segment income (loss)	$	338		$	195		$	237		$	(162	)	$	(641	)	$	1,016		$	(371	)	$	(979	)	#		$	(1,387	)	#		$	(479	)	#
Pretax Income Margin
Advice & Wealth Management	3.6		%	6.8		%	5.7		%	(10.8		)%	(32.1		)%	7.5		%	(4.8		)%	(35.7		)%			(12.2		)%			(21.3		)%
Asset Management	22.0		%	5.1		%	11.5		%	4.9		%	0.8		%	17.4		%	6.0		%	(21.2		)%			(11.4		)%			(4.1		)%
Annuities	22.1		%	8.8		%	15.6		%	(10.1		)%	(120.0		)%	19.2		%	(17.7		)%	(142.1		)%			(36.9		)%			(109.9		)%
Protection	29.4		%	20.7		%	23.1		%	18.8		%	7.2		%	24.4		%	17.6		%	(22.2		)%			(6.8		)%			(11.6		)%
Ameriprise Financial,Inc.	15.0		%	9.8		%	12.0		%	(9.9		)%	(47.5		)%	11.9		%	(5.3		)%	(62.5		)%			(17.2		)%			(37.6		)%
Allocated Equity
Advice & Wealth Management	$	930		$	928		$	962		$	989		$	879		$	930		$	879		$	(51	)	(5	)%	$	(51	)	(5	)%	$	(110	)	(11	)%
Asset Management	878			847			817			779			1,184			878			1,184			306			35	%	306			35	%	405			52	%
Annuities	2,100			2,005			1,961			2,228			2,754			2,100			2,754			654			31	%	654			31	%	526			24	%
Protection	2,318			2,358			2,366			2,470			2,339			2,318			2,339			21			1	%	21			1	%	(131		)	(5	)%
Corporate & Other	1,751			1,730			1,730			1,224			115			1,751			115			(1,636		)	(93	)%	(1,636		)	(93	)%	(1,109		)	(91	)%
Total allocated equity	$	7,977		$	7,868		$	7,836		$	7,690		$	7,271		$	7,977		$	7,271		$	(706	)	(9	)%	$	(706	)	(9	)%	$	(419	)	(5	)%
Pretax Return on Allocated Equity
Advice & Wealth Management	30.0		%	31.1		%	25.8		%	7.6		%	(15.9		)%	30.0		%	(15.9		)%	(45.9		)%			(45.9		)%			(23.5		)%
Asset Management	35.4		%	32.3		%	28.1		%	21.9		%	8.5		%	35.4		%	8.5		%	(26.9		)%			(26.9		)%			(13.4		)%
Annuities	19.1		%	16.3		%	16.3		%	10.2		%	(13.0		)%	19.1		%	(13.0		)%	(32.1		)%			(32.1		)%			(23.2		)%
Protection	21.8		%	20.7		%	20.1		%	20.0		%	14.9		%	21.8		%	14.9		%	(6.9		)%			(6.9		)%			(5.1		)%

# Variance of 100% or greater.

5

Ameriprise Financial, Inc.

Consolidated Income Statements

Fourth Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2007			1 Qtr 2008			2 Qtr 2008			3 Qtr 2008			4 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	930		$	791		$	780		$	721		$	607		$	3,238		$	2,899		$	(323	)	(35	)%	$	(339	)	(10	)%	$	(114	)	(16	)%
Distribution fees	415			433			422			376			334			1,762			1,565			(81		)	(20	)%	(197		)	(11	)%	(42		)	(11	)%
Net investment income	475			401			393			62			(28		)	2,018			828			(503		)	#		(1,190		)	(59	)%	(90		)	#
Premiums	271			265			268			276			282			1,063			1,091			11			4	%	28			3	%	6			2	%
Other revenues	228			157			158			249			202			724			766			(26		)	(11	)%	42			6	%	(47		)	(19	)%
Total revenues	2,319			2,047			2,021			1,684			1,397			8,805			7,149			(922		)	(40	)%	(1,656		)	(19	)%	(287		)	(17	)%
Banking and deposit interest expense	59			47			42			43			47			249			179			(12		)	(20	)%	(70		)	(28	)%	4			9	%
Total net revenues	2,260			2,000			1,979			1,641			1,350			8,556			6,970			(910		)	(40	)%	(1,586		)	(19	)%	(291		)	(18	)%
Expenses
Distribution expenses	527			541			517			473			417			2,057			1,948			(110		)	(21	)%	(109		)	(5	)%	(56		)	(12	)%
Interest credited to fixed accounts	202			195			192			200			203			847			790			1			0	%	(57		)	(7	)%	3			2	%
Benefits, claims, losses and settlement expenses	276			304			294			196			331			1,179			1,125			55			20	%	(54		)	(5	)%	135			69	%
Amortization of deferred acquisition costs	164			154			144			240			395			551			933			231			#		382			69	%	155			65	%
Interest and debt expense	27			26			28			27			28			112			109			1			4	%	(3		)	(3	)%	1			4	%
Separation costs	28			—			—			—			—			236			—			(28		)	#		(236		)	#		—			—
General and administrative expense	698			585			567			667			617			2,558			2,436			(81		)	(12	)%	(122		)	(5	)%	(50		)	(7	)%
Total expenses	1,922			1,805			1,742			1,803			1,991			7,540			7,341			69			4	%	(199		)	(3	)%	188			10	%
Pretax income (loss)	338			195			237			(162		)	(641		)	1,016			(371		)	(979		)	#		(1,387		)	#		(479		)	#
Income tax provision (benefit)	83			4			27			(92		)	(272		)	202			(333		)	(355		)	#		(535		)	#		(180		)	#
Net income (loss)	$	255		$	191		$	210		$	(70	)	$	(369	)	$	814		$	(38	)	$	(624	)	#		$	(852	)	#		$	(299	)	#
Income Statement Metrics
Pretax income (loss) margin (1)	15.0		%	9.8		%	12.0		%	(9.9		)%	(47.5		)%	11.9		%	(5.3		)%	(62.5		)%			(17.2		)%			(37.6		)%
Net income (loss) margin(1)	11.3		%	9.6		%	10.6		%	(4.3		)%	(27.3		)%	9.5		%	(0.5		)%	(38.6		)%			(10.1		)%			(23.1		)%

(1) See non-GAAP Financial Information.

# Variance of 100% or greater.

6

Ameriprise Financial, Inc.

Consolidated Income Statements

Fourth Quarter 2008

Prior Year Comparisons

Year-to-Date

Qtr Chg - 4Q

YTD Chg - 4Q

Seq Qtr Chg - 4Q

(in millions unless otherwise noted, unaudited)

4 Qtr 2007

1 Qtr 2008

2 Qtr 2008

3 Qtr 2008

4 Qtr 2008

2007

2008

Diff.

%

Diff.

%

Diff.

%

Net Investment Income

Investment income on fixed maturities	$	441		$	418		$	401		$	398		$	389		$	1,830		$	1,606		$	(52	)	(12	)%	$	(224	)	(12	)%	$	(9	)	(2	)%
Realized gains (losses)	18			(24		)	(27		)	(317		)	(409		)	44			(777		)	(427		)	#		(821		)	#		(92		)	(29	)%
Other (including seed money)	16			7			19			(19		)	(8		)	144			(1		)	(24		)	#		(145		)	#		11			58	%
Total net investment income	$	475		$	401		$	393		$	62		$	(28	)	$	2,018		$	828		$	(503	)	#		$	(1,190	)	(59	)%	$	(90	)	#
Other Information
Net revenue growth: Target 6 - 8%	5.9		%	(1.6		)%	(8.1		)%	(22.3		)%	(40.3		)%	6.6		%	(18.5		)%	(46.2		)%			(25.1		)%			(18.0		)%
Return on equity	10.5		%	10.9		%	11.2		%	7.9		%	(0.5		)%	10.5		%	(0.5		)%	(11.0		)%			(11.0		)%			(8.4		)%
Earnings per diluted share growth: Target 12 - 15% (1)	56.5		%	20.6		%	14.8		%	(138.6		)%	(256.5		)%	33.5		%	(105.0		)%	(313.0		)%			(138.5		)%			(117.9		)%
Goodwill and intangible assets	$	863		$	857		$	853		$	783		$	1,391		$	863		$	1,391		$	528		61	%	$	528		61	%	$	608		78	%
Dividends paid	35			34			34			37			38			133			143			3			9	%	10			8	%	1			3	%
Common stock share repurchases	$	283		$	270		$	250		$	94		$	—		$	948		$	614		$	(283	)	#		$	(334	)	(35	)%	$	(94	)	#
Owned, Managed and Administered Assets (in billions)
Owned	$	39.6		$	36.8		$	36.9		$	34.4		$	31.7		$	39.6		$	31.7		$	(7.9	)	(20	)%	$	(7.9	)	(20	)%	$	(2.7	)	(8	)%
Managed
External clients	306.6			285.6			281.3			241.1			209.4			306.6			209.4			(97.2		)	(32	)%	(97.2		)	(32	)%	(31.7		)	(13	)%
Owned	62.6			60.9			59.9			57.2			55.5			62.6			55.5			(7.1		)	(11	)%	(7.1		)	(11	)%	(1.7		)	(3	)%
Total managed	369.2			346.5			341.2			298.3			264.9			369.2			264.9			(104.3		)	(28	)%	(104.3		)	(28	)%	(33.4		)	(11	)%
Administered	71.0			65.8			65.6			60.8			75.5			71.0			75.5			4.5			6	%	4.5			6	%	14.7			24	%
Total OMA assets	$	479.8		$	449.1		$	443.7		$	393.5		$	372.1		$	479.8		$	372.1		$	(107.7	)	(22	)%	$	(107.7	)	(22	)%	$	(21.4	)	(5	)%

(1) See non-GAAP Financial Information.

# Variance of 100% or greater.

7

Ameriprise Financial, Inc.

Consolidated, Common Share and Per Share Summary

Fourth Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions, except earnings per share amounts)	4 Qtr 2007			1 Qtr 2008			2 Qtr 2008			3 Qtr 2008			4 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Earnings Per Share
Basic earnings (loss) per share	$	1.10		$	0.84		$	0.94		$	(0.32	)	$	(1.69	)	$	3.45		$	(0.17	)	$	(2.79	)	#		$	(3.62	)	#		$	(1.37	)	#
Earnings (loss) per diluted share (2)	$	1.08		$	0.82		$	0.93		$	(0.32	)	$	(1.69	)	$	3.39		$	(0.17	)	$	(2.77	)	#		$	(3.56	)	#		$	(1.37	)	#
Basic Shares
Common shares
Beginning balance	232.4			227.7			223.4			218.9			216.6			241.4			227.7			(15.8		)	(7	)%	(13.7		)	(6	)%	(2.3		)	(1	)%
Repurchases	(4.8		)	(5.2		)	(5.2		)	(2.3		)	—			(15.9		)	(12.7		)	4.8			#		3.2			20	%	2.3			#
Issuances	0.2			1.3			0.8			0.1			0.1			3.0			2.3			(0.1		)	(50	)%	(0.7		)	(23	)%	(0.0		)	—
Other	(0.1		)	(0.4		)	(0.1		)	(0.1		)	(0.2		)	(0.8		)	(0.8		)	(0.1		)	#		—			—		(0.1		)	(100	)%
Total common outstanding	227.7			223.4			218.9			216.6			216.5			227.7			216.5			(11.2		)	(5	)%	(11.2		)	(5	)%	(0.1		)	—
Total common outstanding	227.7			223.4			218.9			216.6			216.5			227.7			216.5			(11.2		)	(5	)%	(11.2		)	(5	)%	(0.1		)	—
Nonforfeitable restricted stock units	1.4			2.6			2.0			2.0			1.9			1.4			1.9			0.5			36	%	0.5			36	%	(0.1		)	(5	)%
Total basic common shares	229.1			226.0			220.9			218.6			218.4			229.1			218.4			(10.7		)	(5	)%	(10.7		)	(5	)%	(0.2		)	—
Total potentially dilutive	3.9			2.8			2.7			2.9			2.1			3.9			2.1			(1.8		)	(46	)%	(1.8		)	(46	)%	(0.8		)	(28	)%
Total diluted shares	233.0			228.8			223.6			221.5			220.5			233.0			220.5			(12.5		)	(5	)%	(12.5		)	(5	)%	(1.0		)	—
Weighted average common shares outstanding:
Basic	231.4			228.4			223.2			219.1			218.5			236.2			222.3			(12.9		)	(6	)%	(13.9		)	(6	)%	(0.6		)	—
Diluted	235.4			231.5			226.0			221.7			220.3			239.9			224.9			(15.1		)	(6	)%	(15.0		)	(6	)%	(1.4		)	(1	)%
Book Value
Equity - end of period	$	7,810		$	7,581		$	7,314		$	6,717		$	6,191		$	7,810		$	6,191		$	(1,619	)	(21	)%	$	(1,619	)	(21	)%	$	(526	)	(8	)%
Average equity - 5 point	7,765			7,696			7,613			7,436			7,123			7,765			7,123			(642		)	(8	)%	(642		)	(8	)%	(313		)	(4	)%
Book Value per Share	$	34.09		$	33.54		$	33.11		$	30.73		$	28.35		$	34.09		$	28.35		$	(5.74	)	(17	)%	$	(5.74	)	(17	)%	$	(2.38	)	(8	)%

(1)See non-GAAP Financial Information.

(2) For Q3 and Q4 2008 diluted shares used in this calculation represent basic shares due to the net loss. Using actual diluted shares would result in anti-dilution.

# Variance of 100% or greater.

8

Statistical Supplement Package

(unaudited)

Fourth Quarter 2008

Advice & Wealth Management Segment

9

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

Fourth Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions, except headcount and where noted, unaudited)	4 Qtr 2007			1 Qtr 2008			2 Qtr 2008			3 Qtr 2008			4 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	369		$	367		$	352		$	328		$	292		$	1,350		$	1,339		$	(77	)	(21	)%	$	(11	)	(1	)%	$	(36	)	(11	)%
Distribution fees	517			517			508			457			430			2,218			1,912			(87		)	(17	)%	(306		)	(14	)%	(27		)	(6	)%
Net investment income	94			79			54			(46		)	(119		)	399			(32		)	(213		)	#		(431		)	#		(73		)	#
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	21			20			19			16			25			76			80			4			19	%	4			5	%	9			56	%
Total revenues	1,001			983			933			755			628			4,043			3,299			(373		)	(37	)%	(744		)	(18	)%	(127		)	(17	)%
Banking and deposit interest expense	54			47			42			43			46			230			178			(8		)	(15	)%	(52		)	(23	)%	3			7	%
Total net revenues	947			936			891			712			582			3,813			3,121			(365		)	(39	)%	(692		)	(18	)%	(130		)	(18	)%
Expenses
Distribution expenses	587			585			564			515			450			2,349			2,114			(137		)	(23	)%	(235		)	(10	)%	(65		)	(13	)%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	326			287			276			274			319			1,179			1,156			(7		)	(2	)%	(23		)	(2	)%	45			16	%
Total expenses	913			872			840			789			769			3,528			3,270			(144		)	(16	)%	(258		)	(7	)%	(20		)	(3	)%
Pretax income (loss)	$	34		$	64		$	51		$	(77	)	$	(187	)	$	285		$	(149	)	$	(221	)	#		$	(434	)	#		$	(110	)	#
Income Statement Metrics
Pretax income margin	3.6		%	6.8		%	5.7		%	(10.8		)%	(32.1		)%	7.5		%	(4.8		)%	(35.7		)%			(12.2		)%			(21.3		)%
Net Investment Income
Investment income on fixed maturities	$	67		$	62		$	59		$	64		$	65		$	274		$	250		$	(2	)	(3	)%	$	(24	)	(9	)%	$	1		2	%
Realized gains (losses)	—			—			(21		)	(118		)	(194		)	(1		)	(333		)	(194		)	—		(332		)	#		(76		)	(64	)%
Other (including seed money)	27			17			16			8			10			126			51			(17		)	(63	)%	(75		)	(60	)%	2			25	%
Total net investment income	$	94		$	79		$	54		$	(46	)	$	(119	)	$	399		$	(32	)	$	(213	)	#		$	(431	)	#		$	(73	)	#
Balance Sheet Metrics
Allocated equity	$	930		$	928		$	962		$	989		$	879		$	930		$	879		$	(51	)	(5	)%	$	(51	)	(5	)%	$	(110	)	(11	)%
Pretax return on allocated equity	30.0		%	31.1		%	25.8		%	7.6		%	(15.9		)%	30.0		%	(15.9		)%	(45.9		)%			(45.9		)%			(23.5		)%
On-balance sheet deposits	$	6,011		$	6,183		$	6,269		$	7,681		$	8,190		$	6,011		$	8,190		$	2,179		36	%	$	2,179		36	%	$	509		7	%
Financial Plans
Branded financial plan net cash sales	$	53		$	53		$	54		$	48		$	56		$	202		$	211		$	3		6	%	$	9		4	%	$	8		17	%

# Variance of 100% or greater.

10

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

Fourth Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions, except headcount and where noted, unaudited)	4 Qtr 2007			1 Qtr 2008			2 Qtr 2008			3 Qtr 2008			4 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Financial Advisors
Employee advisors	2,453			2,193			2,056			1,967			2,823			2,453			2,823			370			15	%	370			15	%	856			44	%
Franchisee advisors	7,757			7,809			7,846			7,830			7,746			7,757			7,746			(11		)	—		(11		)	—		(84		)	(1	)%
Total branded financial advisors	10,210			10,002			9,902			9,797			10,569			10,210			10,569			359			4	%	359			4	%	772			8	%
SAI independent advisors	1,614			1,607			1,619			1,636			1,917			1,614			1,917			303			19	%	303			19	%	281			17	%
Total financial advisors	11,824			11,609			11,521			11,433			12,486			11,824			12,486			662			6	%	662			6	%	1,053			9	%
Net revenue per financial advisor (in thousands) (1)	$	80		$	81		$	77		$	62		$	47		$	315		$	267		$	(33	)	(41	)%	$	(48	)	(15	)%	$	(15	)	(24	)%
Advisor Retention
Employee	62.3		%	60.8		%	62.0		%	62.8		%	68.2		%	62.3		%	68.2		%	5.9		%			5.9		%			5.4		%
Franchisee	93.2		%	93.7		%	93.7		%	93.3		%	92.2		%	93.2		%	92.2		%	(1.0		)%			(1.0		)%			(1.1		)%
Product Information
Certificates and Banking - Combined
Pretax income (loss)	$	(8	)	$	(5	)	$	(24	)	$	(112	)	$	(192	)	$	(5	)	$	(333	)	$	(184	)	#		$	(328	)	#		$	(80	)	(71	)%
Allocated equity	$	367		$	376		$	393		$	416		$	395		$	367		$	395		$	28		8	%	$	28		8	%	$	(21	)	(5	)%
Pretax return on allocated equity	(1.3		)%	(3.1		)%	(8.9		)%	(38.7		)%	(85.5		)%	(1.3		)%	(85.5		)%	(84.2		)%			(84.2		)%			(46.8		)%
Wealth Management & Distribution
Pretax income	$	42		$	69		$	75		$	35		$	5		$	290		$	184		$	(37	)	(88	)%	$	(106	)	(37	)%	$	(30	)	(86	)%
Allocated equity	$	563		$	552		$	569		$	573		$	484		$	563		$	484		$	(79	)	14	%	$	(79	)	14	%	$	(89	)	(16	)%
Pretax return on allocated equity	52.0		%	54.6		%	49.2		%	39.1		%	33.6		%	52.0		%	33.6		%	(18.4		)%			(18.4		)%			(5.5		)%
Total Client Assets (at period end) (2)	$	293,899		$	275,958		$	275,473		$	253,431		$	241,363		$	293,899		$	241,363		$	(52,536	)	(18	)%	$	(52,536	)	(18	)%	$	(12,068	)	(5	)%
Total Wrap Accounts
Beginning assets	$	92,944		$	93,851		$	89,603		$	91,446		$	84,086		$	76,365		$	93,851		$	(8,858	)	(10	)%	$	17,486		23	%	$	(7,360	)	(8	)%
Net flows	1,802			1,380			2,833			657			(1,121		)	11,665			3,749			(2,923		)	#		(7,916		)	(68	)%	(1,778		)	#
Market appreciation (depreciation) and other	(895		)	(5,628		)	(990		)	(8,017		)	(10,184		)	5,821			(24,819		)	(9,289		)	#		(30,640		)	#		(2,167		)	(27	)%
Total wrap ending assets	$	93,851		$	89,603		$	91,446		$	84,086		$	72,781		$	93,851		$	72,781		$	(21,070	)	(22	)%	$	(21,070	)	(22	)%	$	(11,305	)	(13	)%
S&P 500
Daily average	1,494			1,349			1,371			1,255			910			1,476			1,221			(584		)	(39	)%	(255		)	(17	)%	(345		)	(27	)%
Period end	1,468			1,323			1,280			1,166			903			1,468			903			(565		)	(38	)%	(565		)	(38	)%	(263		)	(23	)%

(1)Year-to-date is sum of current year prior quarters.

(2) During the 4th Qtr of 2008, $24.1 B of assets were acquired due to the acquisition of HR Block.

11

Statistical Supplement Package

(unaudited)

Fourth Quarter 2008

Asset Management Segment

12

Ameriprise Financial, Inc.

Asset Management Segment

Fourth Quarter 2008

Prior Year Comparisons

Year-to-Date

Qtr Chg - 4Q

YTD Chg - 4Q

Seq Qtr Chg - 4Q

(in millions unless otherwise noted, unaudited)

4 Qtr 2007

1 Qtr 2008

2 Qtr 2008

3 Qtr 2008

4 Qtr 2008

2007

2008

Diff.

%

Diff.

%

Diff.

%

Revenues

Management and financial advice fees	$	419		$	296		$	295		$	268		$	218		$	1,362		$	1,077		$	(201	)	(48	)%	$	(285	)	(21	)%	$	(50	)	(19	)%
Distribution fees	78			70			70			58			49			322			247			(29		)	(37	)%	(75		)	(23	)%	(9		)	(16	)%
Net investment income	4			(4		)	7			(9		)	(7		)	48			(13		)	(11		)	#		(61		)	#		2			22	%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	(2		)	(5		)	(7		)	(10		)	7			50			(15		)	9			#		(65		)	#		17			#
Total revenues	499			357			365			307			267			1,782			1,296			(232		)	(46	)%	(486		)	(27	)%	(40		)	(13	)%
Banking and deposit interest expense	7			2			1			2			2			20			7			(5		)	(71	)%	(13		)	(65	)%	—			—
Total net revenues	492			355			364			305			265			1,762			1,289			(227		)	(46	)%	(473		)	(27	)%	(40		)	(13	)%
Expenses
Distribution expenses	118			118			111			101			87			464			417			(31		)	(26	)%	(47		)	(10	)%	(14		)	(14	)%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	7			8			5			6			5			33			24			(2		)	(29	)%	(9		)	(27	)%	(1		)	(17	)%
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	259			211			206			183			171			958			771			(88		)	(34	)%	(187		)	(20	)%	(12		)	(7	)%
Total expenses	384			337			322			290			263			1,455			1,212			(121		)	(32	)%	(243		)	(17	)%	(27		)	(9	)%
Pretax income	$	108		$	18		$	42		$	15		$	2		$	307		$	77		$	(106	)	(98	)%	$	(230	)	(75	)%	$	(13	)	(87	)%
Income Statement Metrics
Pretax income margin	22.0%			5.1		%	11.5		%	4.9		%	0.8		%	17.4		%	6.0		%	(21.2		)%			(11.4		)%			(4.1		)%
Balance Sheet Metrics
Allocated equity	$	878		$	847		$	817		$	779		$	1,184		$	878		$	1,184		$	306		35	%	$	306		35	%	$	405		52	%
Pretax return on allocated equity	35.4%			32.3		%	28.1		%	21.9		%	8.5		%	35.4		%	8.5		%	(26.9		)%			(26.9		)%			(13.4		)%
Total Managed Assets Reconciliations
Domestic managed assets	$	156,279		$	147,022		$	143,203		$	128,740		$	127,948		$	156,279		$	127,948		$	(28,331	)	(18	)%	$	(28,331	)	(18	)%	$	(792	)	(1	)%
International managed assets	134,358			124,267			120,906			97,882			74,247			134,358			74,247			(60,111		)	(45	)%	(60,111		)	(45	)%	(23,635		)	(24	)%
Less: Domestic assets sub-advised by Threadneedle	(5,577		)	(4,912		)	(4,925		)	(3,203		)	(2,629		)	(5,577		)	(2,629		)	2,948			53	%	2,948			53	%	574			18	%
Total managed assets	$	285,060		$	266,377		$	259,184		$	223,419		$	199,566		$	285,060		$	199,566		$	(85,494	)	(30	)%	$	(85,494	)	(30	)%	$	(23,853	)	(11	)%
Managed assets - external clients	$	222,484		$	205,504		$	199,273		$	166,227		$	144,024		$	222,484		$	144,024		$	(78,460	)	(35	)%	$	(78,460	)	(35	)%	$	(22,203	)	(13	)%
Managed assets - owned	62,576			60,873			59,911			57,192			55,542			62,576			55,542			(7,034		)	(11	)%	(7,034		)	(11	)%	(1,650		)	(3	)%
Total managed assets	$	285,060		$	266,377		$	259,184		$	223,419		$	199,566		$	285,060		$	199,566		$	(85,494	)	(30	)%	$	(85,494	)	(30	)%	$	(23,853	)	(11	)%
Total Managed Assets by Type
Equity	$	126,985		$	109,936		$	105,586		$	84,315		$	72,213		$	126,985		$	72,213		$	(54,772	)	(43	)%	$	(54,772	)	(43	)%	$	(12,102	)	(14	)%
Fixed income	115,694			115,762			112,918			104,118			92,257			115,694			92,257			(23,437		)	(20	)%	(23,437		)	(20	)%	(11,861		)	(11	)%
Money market	13,112			13,147			13,866			11,888			14,926			13,112			14,926			1,814			14	%	1,814			14	%	3,038			26	%
Alternative	11,624			11,000			10,322			8,440			9,535			11,624			9,535			(2,089		)	(18	)%	(2,089		)	(18	)%	1,095			13	%
Hybrid and other	17,645			16,532			16,492			14,658			10,635			17,645			10,635			(7,010		)	(40	)%	(7,010		)	(40	)%	(4,023		)	(27	)%
Total managed assets by type	$	285,060		$	266,377		$	259,184		$	223,419		$	199,566		$	285,060		$	199,566		$	(85,494	)	(30	)%	$	(85,494	)	(30	)%	$	(23,853	)	(11	)%

# Variance of 100% or greater.

13

Ameriprise Financial, Inc.

Asset Management Segment

Fourth Quarter 2008

	4 Qtr 2007	1 Qtr 2008	2 Qtr 2008	3 Qtr 2008	4 Qtr 2008
Mutual Fund Performance
Domestic
Equal Weighted Mutual Fund Rankings in top 2 Lipper Quartiles
Equity - 12 month	45%	41%	34%	29%	33%
Fixed income - 12 month	42%	30%	24%	48%	70%
Equity - 3 year	69%	73%	73%	54%	50%
Fixed income - 3 year	50%	50%	71%	50%	75%
Equity - 5 year	40%	44%	47%	58%	53%
Fixed income - 5 year	36%	27%	46%	54%	66%
Asset Weighted Mutual Fund Rankings in top 2 Lipper Quartiles
Equity - 12 month	57%	53%	29%	16%	26%
Fixed income - 12 month	30%	9%	20%	33%	39%
Equity - 3 year	68%	70%	72%	33%	40%
Fixed income - 3 year	54%	60%	61%	51%	40%
Equity - 5 year	58%	57%	60%	68%	70%
Fixed income - 5 year	45%	17%	46%	48%	37%
International
Equal Weighted Mutual Fund Rankings in top 2 S&P Quartiles
Equity - 12 month	80%	90%	90%	76%	83%
Fixed income - 12 month	22%	55%	60%	64%	45%
Equity - 3 year	83%	86%	86%	79%	90%
Fixed income - 3 year	22%	60%	60%	80%	64%
Equity - 5 year	58%	64%	69%	70%	89%
Fixed income - 5 year	22%	40%	40%	40%	50%

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 sub-advised 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 sub-advised 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 sub-advised by non-affiliated advisors for general reference although not included in the summary above.

14

Ameriprise Financial, Inc.

Asset Management Segment - Domestic

Fourth Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2007			1 Qtr 2008			2 Qtr 2008			3 Qtr 2008			4 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Domestic Managed Assets Rollforward (1)
Retail Funds
Beginning assets	$	88,575		$	86,864		$	80,232		$	78,281		$	70,214		$	81,691		$	86,864		$	(18,361	)	(21	)%	$	5,173		6	%	$	(8,067	)	(10	)%
Net flows	225			(636		)	(1,169		)	(1,415		)	(2,179		)	509			(5,399		)	(2,404		)	#		(5,908		)	#		(764		)	(54	)%
Market appreciation (depreciation) and other	(1,936		)	(5,996		)	(782		)	(6,652		)	(4,065		)	4,664			(17,495		)	(2,129		)	#		(22,159		)	#		2,587			39	%
Total ending assets	86,864			80,232			78,281			70,214			63,970			86,864			63,970			(22,894		)	(26	)%	(22,894		)	(26	)%	(6,244		)	(9	)%
Institutional
Beginning assets	54,405			53,235			50,932			49,442			43,129			57,737			53,235			(11,276		)	(21	)%	(4,502		)	(8	)%	(6,313		)	(13	)%
Net flows	(1,387		)	(1,706		)	(887		)	(4,106		)	482			(5,112		)	(6,217		)	1,869			#		(1,105		)	(22	)%	4,588			#
Market appreciation (depreciation) and other	217			(597		)	(603		)	(2,207		)	2,682			610			(725		)	2,465			#		(1,335		)	#		4,889			#
Total ending assets	53,235			50,932			49,442			43,129			46,293			53,235			46,293			(6,942		)	(13	)%	(6,942		)	(13	)%	3,164			7	%
Alternative
Beginning assets	8,605			8,085			7,293			7,194			7,065			7,777			8,085			(1,540		)	(18	)%	308			4	%	(129		)	(2	)%
Net flows	(516		)	(483		)	(101		)	(127		)	(523		)	317			(1,234		)	(7		)	(1	)%	(1,551		)	#		(396		)	#
Market appreciation (depreciation) and other	(4		)	(309		)	2			(2		)	2,836			(9		)	2,527			2,840			#		2,536			#		2,838			#
Total ending assets	8,085			7,293			7,194			7,065			9,378			8,085			9,378			1,293			16	%	1,293			16	%	2,313			33	%
Trust
Beginning assets	9,342			8,804			8,911			8,530			8,547			10,219			8,804			(795		)	(9	)%	(1,415		)	(14	)%	17			—
Net flows	(542		)	204			(436		)	59			120			(1,883		)	(53		)	662			#		1,830			97	%	61			#
Market appreciation (depreciation) and other	4			(97		)	55			(42		)	(185		)	468			(269		)	(189		)	#		(737		)	#		(143		)	#
Total ending assets	8,804			8,911			8,530			8,547			8,482			8,804			8,482			(322		)	(4	)%	(322		)	(4	)%	(65		)	(1	)%
Other and Eliminations	(709		)	(346		)	(244		)	(215		)	(175		)	(709		)	(175		)	534			75	%	534			75	%	40			19	%
Total Domestic managed assets	$	156,279		$	147,022		$	143,203		$	128,740		$	127,948		$	156,279		$	127,948		$	(28,331	)	(18	)%	$	(28,331	)	(18	)%	$	(792	)	(1	)%
Total Domestic net flows	$	(2,220	)	$	(2,621	)	$	(2,593	)	$	(5,589	)	$	(2,100	)	$	(6,169	)	$	(12,903	)	$	120		5	%	$	(6,734	)	#		$	3,489		62	%

(1)	Included in Market appreciation (depreciation) and other, for the 4th Qtr of 2008, were $ 12.8 B of assets due to the acquisition of J.W. Seligman.  Balances included $6.7 B of Retail Funds, $3.2 B of Institutional and $2.9 B of Alternative Funds.
#	Variance of 100% or greater.

15

Ameriprise Financial, Inc.

Asset Management Segment - International

Fourth Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2007			1 Qtr 2008			2 Qtr 2008			3 Qtr 2008			4 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
International Managed Assets Rollforward
Retail Funds
Beginning assets	$	31,540		$	30,822		$	28,154		$	27,868		$	21,758		$	28,112		$	30,822		$	(9,782	)	(31	)%	$	2,710		10	%	$	(6,110	)	(22	)%
Net flows	(211		)	(253		)	72			(1,032		)	(714		)	(179		)	(1,927		)	(503		)	#		(1,748		)	#		318			31	%
Market appreciation (depreciation)	379			(2,489		)	(483		)	(2,345		)	(1,101		)	2,194			(6,418		)	(1,480		)	#		(8,612		)	#		1,244			53	%
Foreign currency translation (1)	(964		)	(16		)	104			(2,832		)	(3,605		)	350			(6,349		)	(2,641		)	#		(6,699		)	#		(773		)	(27	)%
Other	78			90			21			99			23			345			233			(55		)	(71	)%	(112		)	(32	)%	(76		)	(77	)%
Total ending assets	30,822			28,154			27,868			21,758			16,361			30,822			16,361			(14,461		)	(47	)%	(14,461		)	(47	)%	(5,397		)	(25	)%
Institutional
Beginning assets	105,450			100,057			92,433			89,937			74,856			111,151			100,057			(30,594		)	(29	)%	(11,094		)	(10	)%	(15,081		)	(17	)%
Net flows	(4,516		)	(2,560		)	(1,838		)	(1,580		)	(7,267		)	(21,341		)	(13,245		)	(2,751		)	(61	)%	8,096			38	%	(5,687		)	#
Market appreciation (depreciation)	1,468			(5,744		)	(1,956		)	(4,825		)	(1,027		)	4,827			(13,552		)	(2,495		)	#		(18,379		)	#		3,798			79	%
Foreign currency translation (1)	(3,167		)	(53		)	331			(9,377		)	(12,639		)	1,656			(21,738		)	(9,472		)	#		(23,394		)	#		(3,262		)	(35	)%
Other	822			733			967			701			1,419			3,764			3,820			597			73	%	56			1	%	718			#
Total ending assets	100,057			92,433			89,937			74,856			55,342			100,057			55,342			(44,715		)	(45	)%	(44,715		)	(45	)%	(19,514		)	(26	)%
Alternative
Beginning assets	2,814			3,479			3,680			3,101			1,268			2,089			3,479			(1,546		)	(55	)%	1,390			67	%	(1,833		)	(59	)%
Net flows	(2		)	265			(713		)	(1,546		)	1,345			435			(649		)	1,347			#		(1,084		)	#		2,891			#
Market appreciation (depreciation)	262			(71		)	117			(3		)	138			437			181			(124		)	(47	)%	(256		)	(59	)%	141			#
Foreign currency translation (1)	(108		)	(3		)	11			(290		)	(207		)	5			(489		)	(99		)	(92	)%	(494		)	#		83			29	%
Other	513			10			6			6			—			513			22			(513		)	#		(491		)	(96	)%	(6		)	#
Total ending assets	3,479			3,680			3,101			1,268			2,544			3,479			2,544			(935		)	(27	)%	(935		)	(27	)%	1,276			#
Total International managed assets	$	134,358		$	124,267		$	120,906		$	97,882		$	74,247		$	134,358		$	74,247		$	(60,111	)	(45	)%	$	(60,111	)	(45	)%	$	(23,635	)	(24	)%
Total International net flows	$	(4,729	)	$	(2,548	)	$	(2,479	)	$	(4,158	)	$	(6,636	)	$	(21,085	)	$	(15,821	)	$	(1,907	)	(40	)%	$	5,264		25	%	$	(2,478	)	(60	)%

(1)	Amounts represent British Pound to US dollar conversion.
#	Variance of 100% or greater.

16

Statistical Supplement Package

(unaudited)

Fourth Quarter 2008

Annuities Segment

17

Ameriprise Financial, Inc.

Annuities Segment

Fourth Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2007			1 Qtr 2008			2 Qtr 2008			3 Qtr 2008			4 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	138		$	126		$	130		$	124		$	98		$	510		$	478		$	(40	)	(29	)%	$	(32	)	(6	)%	$	(26	)	(21	)%
Distribution fees	70			70			72			71			62			267			275			(8		)	(11	)%	8			3	%	(9		)	(13	)%
Net investment income	274			237			237			86			92			1,196			652			(182		)	(66	)%	(544		)	(45	)%	6			7	%
Premiums	25			18			21			21			25			95			85			—			—		(10		)	(11	)%	4			19	%
Other revenues	73			27			34			34			33			138			128			(40		)	(55	)%	(10		)	(7	)%	(1		)	(3	)%
Total revenues	580			478			494			336			310			2,206			1,618			(270		)	(47	)%	(588		)	(27	)%	(26		)	(8	)%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Total net revenues	580			478			494			336			310			2,206			1,618			(270		)	(47	)%	(588		)	(27	)%	(26		)	(8	)%
Expenses
Distribution expenses	48			45			47			50			65			194			207			17			35	%	13			7	%	15			30	%
Interest credited to fixed accounts	167			160			156			163			167			706			646			—			—		(60		)	(8	)%	4			2	%
Benefits, claims, losses and settlement expenses	80			78			69			9			113			329			269			33			41	%	(60		)	(18	)%	104			#
Amortization of deferred acquisition costs	100			94			91			96			295			318			576			195			#		258			81	%	199			#
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	57			59			54			52			42			236			207			(15		)	(26	)%	(29		)	(12	)%	(10		)	(19	)%
Total expenses	452			436			417			370			682			1,783			1,905			230			51	%	122			7	%	312			84	%
Pretax income (loss)	$	128		$	42		$	77		$	(34	)	$	(372	)	$	423		$	(287	)	$	(500	)	#		$	(710	)	#		$	(338	)	#
Income Statement Metrics
Pretax income margin	22.1		%	8.8		%	15.6		%	(10.1		)%	(120.0		)%	19.2		%	(17.7		)%	(142.1		)%			(36.9		)%			(109.9		)%
Net Investment Income
Investment income on fixed maturities	$	267		$	253		$	245		$	244		$	243		$	1,144		$	985		$	(24	)	(9	)%	$	(159	)	(14	)%	$	(1	)	—
Realized gains (losses)	15			(20		)	(5		)	(156		)	(169		)	33			(350		)	(184		)	#		(383		)	#		(13		)	(8	)%
Other (including seed money)	(8		)	4			(3		)	(2		)	18			19			17			26			#		(2		)	(11	)%	20			#
Total net investment income	$	274		$	237		$	237		$	86		$	92		$	1,196		$	652		$	(182	)	(66	)%	$	(544	)	(45	)%	$	6		7	%
Balance Sheet Metrics
Allocated equity	$	2,100		$	2,005		$	1,961		$	2,228		$	2,754		$	2,100		$	2,754		$	654		31	%	$	654		31	%	$	526		24	%
Pretax return on allocated equity	19.1		%	16.3		%	16.3		%	10.2		%	(13.0		)%	19.1		%	(13.0		)%	(32.1		)%			(32.1		)%			(23.2		)%
Other Metrics
Net variable annuity living benefits market impact (1) (2) (3)	$	(1	)	$	(15	)	$	19		$	27		$	82		$	(39	)	$	113		$	83		#		$	152		#		$	55		#
Total annuity net flows	$	403		$	304		$	428		$	384		$	951		$	1,960		$	2,067		$	548		#		$	107		5	%	$	567		#

(1)	Guaranteed Minimum Withdrawal Benefit (GMWB) and Guaranteed Minimum Accumulation Benefit (GMAB) only.
(2)	Q3 2008 includes loss on derivatives related to Lehman Brothers bankruptcy.
(3)	Q3 2007 restated to exclude unlocking impact and conform with current presentation.
#	Variance of 100% or greater.

18

Ameriprise Financial, Inc.

Annuities Segment

Fourth Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions, unless otherwise noted, unaudited)	4 Qtr 2007			1 Qtr 2008			2 Qtr 2008			3 Qtr 2008			4 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Product Information
Variable Annuities
Pretax income (loss)	$	52		$	20		$	57		$	82		$	(257	)	$	185		$	(98	)	$	(309	)	#		$	(283	)	#		$	(339	)	#
Allocated equity	$	919		$	914		$	900		$	1,139		$	1,315		$	919		$	1,315		$	396		43	%	$	396		43	%	$	176		15	%
Pretax return on allocated equity	19.6		%	16.1		%	18.0		%	22.0		%	(9.4		)%	19.6		%	(9.4		)%	(29.0		)%			(29.0		)%			(31.4		)%
Fixed Annuities (1)
Pretax income (loss)	$	76		$	22		$	20		$	(116	)	$	(115	)	$	238		$	(189	)	$	(191	)	#		$	(427	)	#		$	1		1	%
Allocated equity	$	1,181		$	1,091		$	1,061		$	1,089		$	1,439		$	1,181		$	1,439		$	258		22	%	$	258		22	%	$	350		32	%
Pretax return on allocated equity	18.6		%	16.4		%	15.0		%	0.2		%	(16.1		)%	18.6		%	(16.1		)%	(34.7		)%			(34.7		)%			(16.3		)%
Variable Annuities Rollforward
Beginning balance	$	57,127		$	57,182		$	54,444		$	54,742		$	50,300		$	49,489		$	57,182		$	(6,827	)	(12	)%	$	7,693		16	%	$	(4,442	)	(8	)%
Deposits	2,474			2,129			2,077			1,729			1,567			10,811			7,502			(907		)	(37	)%	(3,309		)	(31	)%	(162		)	(9	)%
Withdrawals and terminations	(1,368		)	(1,278		)	(1,266		)	(1,161		)	(1,058		)	(5,954		)	(4,763		)	310			23	%	1,191			20	%	103			9	%
Net flows	1,106			851			811			568			509			4,857			2,739			(597		)	(54	)%	(2,118		)	(44	)%	(59		)	(10	)%
Investment performance and interest credited	(1,043		)	(3,577		)	(531		)	(5,006		)	(7,528		)	2,839			(16,642		)	(6,485		)	#		(19,481		)	#		(2,522		)	(50	)%
Other	(8		)	(12		)	18			(4		)	(1		)	(3		)	1			7			88	%	4			#		3			75	%
Total ending balance - contract accumulation values	$	57,182		$	54,444		$	54,742		$	50,300		$	43,280		$	57,182		$	43,280		$	(13,902	)	(24	)%	$	(13,902	)	(24	)%	$	(7,020	)	(14	)%
Variable annuities fixed sub-accounts	$	5,419		$	5,389		$	5,366		$	5,496		$	5,623		$	5,419		$	5,623		$	204		4	%	$	204		4	%	$	127		2	%
Fixed Annuities Rollforward
Beginning balance	$	13,046		$	12,463		$	12,020		$	11,759		$	11,682		$	14,884		$	12,463		$	(1,364	)	(10	)%	$	(2,421	)	(16	)%	$	(77	)	(1	)%
Deposits	76			79			208			378			999			317			1,664			923			#		1,347			#		621			#
Withdrawals and terminations	(779		)	(626		)	(591		)	(562		)	(557		)	(3,214		)	(2,336		)	222			28	%	878			27	%	5			1	%
Net flows	(703		)	(547		)	(383		)	(184		)	442			(2,897		)	(672		)	1,145			#		2,225			77	%	626			#
Policyholder interest credited	108			92			102			103			107			499			404			(1		)	(1	)%	(95		)	(19	)%	4			4	%
Other	12			12			20			4			(3		)	(23		)	33			(15		)	#		56			#		(7		)	#
Total ending balance - contract accumulation values	$	12,463		$	12,020		$	11,759		$	11,682		$	12,228		$	12,463		$	12,228		$	(235	)	(2	)%	$	(235	)	(2	)%	$	546		5	%
Capitalized Interest	$	1		$	2		$	2		$	2		$	5		$	7		$	11		$	4		#		$	4.00		57	%	$	3		#
Payout Annuities Reserve Balance	$	2,226		$	2,199		$	2,139		$	2,121		$	2,105		$	2,226		$	2,105		$	(121	)	(5	)%	$	(121	)	(5	)%	$	(16	)	(1	)%
Tax Equivalent Spread - Fixed Annuities (2)
Gross rate of return on invested assets	5.6		%	5.4		%	5.4		%	5.3		%	5.2		%	5.6		%	5.3		%	(0.4		)%			(0.3		)%			(0.1		)%
Crediting rate	(3.7		)%	(3.7		)%	(3.7		)%	(3.8		)%	(3.9		)%	(3.7		)%	(3.8		)%	(0.2		)%			(0.1		)%			(0.1		)%
Tax equivalent margin spread	1.9		%	1.7		%	1.7		%	1.5		%	1.3		%	1.9		%	1.5		%	(0.6		)%			(0.4		)%			(0.2		)%
Total Variable Annuities DAC
Beginning balance	$	2,067		$	2,086		$	2,145		$	2,186		$	2,176		$	2,004		$	2,086		$	109		5	%	$	82		4	%	$	(10	)	—
Capitalization	111			103			97			83			60			469			343			(51		)	(46	)%	(126		)	(27	)%	(23		)	(28	)%
Amortization per income statement	(80		)	(79		)	(77		)	(77		)	(291		)	(224		)	(524		)	(211		)	#		(300		)	#		(214		)	#
Cumulative effect of accounting change (3)	—			36			—			—			—			(146		)	36			—			—		182			#		—			—
Other (FAS 115)	(12		)	(1		)	21			(16		)	118			(17		)	122			130			#		139			#		134			#
Total ending balance	$	2,086		$	2,145		$	2,186		$	2,176		$	2,063		$	2,086		$	2,063		$	(23	)	(1	)%	$	(23	)	(1	)%	$	(113	)	(5	)%
Total Fixed Annuities DAC
Beginning balance	$	272		$	250		$	238		$	247		$	217		$	343		$	250		$	(55	)	(20	)%	$	(93	)	(27	)%	$	(30	)	(12	)%
Capitalization	2			2			8			16			50			7			76			48			#		69			#		34			#
Amortization per income statement	(20		)	(15		)	(14		)	(19		)	(4		)	(94		)	(52		)	16			80	%	42			45	%	15			79	%
Cumulative effect of accounting change (3)	—			—			—			—			—			(7		)	—			—			—		7			#		—			—
Other (FAS 115)	(4		)	1			15			(27		)	53			1			42			57			#		41			#		80			#
Total ending balance	$	250		$	238		$	247		$	217		$	316		$	250		$	316		$	66		26	%	$	66		26	%	$	99		46	%

(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.  Through October of 2008, the asset earnings rate is a calculated theoretical yield obtained from the assignment of investment income using the investment year method of allocation.  After October of 2008, the asset earnings rate is a calculated yield based on specifically assigned assets.
(3)	Reflects adoption of SOP 05-1 in Q1 2007 and FAS 157 in Q1 2008.
#	Variance of 100% or greater.

19

Statistical Supplement Package

(unaudited)

Fourth Quarter 2008

Protection Segment

20

Ameriprise Financial, Inc.

Protection Segment

Fourth Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2007			1 Qtr 2008			2 Qtr 2008			3 Qtr 2008			4 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	18		$	15		$	16		$	14		$	11		$	68		$	56		$	(7	)	(39	)%	$	(12	)	(18	)%	$	(3	)	(21	)%
Distribution fees	26			27			25			26			28			102			106			2			8	%	4			4	%	2			8	%
Net investment income	92			83			85			42			42			361			252			(50		)	(54	)%	(109		)	(30	)%	—			—
Premiums	255			254			255			263			265			1,002			1,037			10			4	%	35			3	%	2			1	%
Other revenues	133			113			110			209			115			453			547			(18		)	(14	)%	94			21	%	(94		)	(45	)%
Total revenues	524			492			491			554			461			1,986			1,998			(63		)	(12	)%	12			1	%	(93		)	(17	)%
Banking and deposit interest expense	—			—			1			—			—			1			1			—			—		—			—		—			—
Total net revenues	524			492			490			554			461			1,985			1,997			(63		)	(12	)%	12			1	%	(93		)	(17	)%
Expenses
Distribution expenses	13			14			17			16			14			62			61			1			8	%	(1		)	(2	)%	(2		)	(13	)%
Interest credited to fixed accounts	35			35			36			37			36			141			144			1			3	%	3			2	%	(1		)	(3	)%
Benefits, claims, losses and settlement expenses	196			226			225			187			218			850			856			22			11	%	6			1	%	31			17	%
Amortization of deferred acquisition costs	57			52			48			138			95			200			333			38			67	%	133			67	%	(43		)	(31	)%
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	69			63			51			72			65			247			251			(4		)	(6	)%	4			2	%	(7		)	(10	)%
Total expenses	370			390			377			450			428			1,500			1,645			58			16	%	145			10	%	(22		)	(5	)%
Pretax income	$	154		$	102		$	113		$	104		$	33		$	485		$	352		$	(121	)	(79	)%	$	(133	)	(27	)%	$	(71	)	(68	)%
Pretax Operating Earnings
Pretax income	$	154		$	102		$	113		$	104		$	33		$	485		$	352		$	(121	)	(79	)%	$	(133	)	(27	)%	$	(71	)	(68	)%
Realized (gains) losses	(3		)	3			1			44			44			(7		)	92			47			#		99			#		—			—
Total pretax operating earnings	$	151		$	105		$	114		$	148		$	77		$	478		$	444		$	(74	)	(49	)%	$	(34	)	(7	)%	$	(71	)	(48	)%
Income Statement Metrics
Pretax income margin	29.4		%	20.7		%	23.1		%	18.8		%	7.2		%	24.4		%	17.6		%	(22.2		)%			(6.8		)%			(11.6		)%
Pretax operating earnings margin	28.8		%	21.3		%	23.3		%	26.7		%	16.7		%	24.1		%	22.2		%	(12.1		)%			(1.9		)%			(10.0		)%
Net Investment Income
Investment income on fixed maturities	$	82		$	79		$	76		$	77		$	75		$	325		$	307		$	(7	)	(9	)%	$	(18	)	(6	)%	$	(2	)	(3	)%
Realized gains (losses)	3			(3		)	(1		)	(44		)	(44		)	7			(92		)	(47		)	#		(99		)	#		—			—
Other (including seed money)	7			7			10			9			11			29			37			4			57	%	8			28	%	2			22	%
Total net investment income	$	92		$	83		$	85		$	42		$	42		$	361		$	252		$	(50	)	(54	)%	$	(109	)	(30	)%	$	—		—
Balance Sheet Metrics
Allocated equity	$	2,318		$	2,358		$	2,366		$	2,470		$	2,339		$	2,318		$	2,339		$	21		1	%	$	21		1	%	$	(131	)	(5	)%
Pretax return on allocated equity	21.8		%	20.7		%	20.1		%	20.0		%	14.9		%	21.8		%	14.9		%	(6.9		)%			(6.9		)%			(5.1		)%
Product Information
Long Term Care
Pretax income (loss)	$	2		$	—		$	—		$	(17	)	$	(12	)	$	19		$	(29	)	$	(14	)	#		$	(48	)	#		$	5		29	%
Allocated equity	$	550		$	593		$	586		$	597		$	561		$	550		$	561		$	11		2	%	$	11		2	%	$	(36	)	(6	)%
Pretax return on allocated equity	3.4		%	2.1		%	0.9		%	(2.6		)%	(5.0		)%	3.4		%	(5.0		)%	(8.4		)%			(8.4		)%			(2.4		)%
Protection excluding Long Term Care
Pretax income	$	152		$	102		$	113		$	121		$	45		$	466		$	381		$	(107	)	(70	)%	$	(85	)	(18	)%	$	(76	)	(63	)%
Allocated equity	$	1,768		$	1,765		$	1,780		$	1,873		$	1,778		$	1,768		$	1,778		$	10		1	%	$	10		1	%	$	(95	)	(5	)%
Pretax return on allocated equity	27.9		%	26.8		%	26.3		%	27.3		%	21.3		%	27.9		%	21.3		%	(6.6		)%			(6.6		)%			(6.0		)%

# Variance of 100% or greater.

21

Ameriprise Financial, Inc.

Protection Segment

Fourth Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q					YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2007			1 Qtr 2008			2 Qtr 2008			3 Qtr 2008			4 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Cash Sales
VUL / UL (1)	$	82		$	64		$	64		$	57		$	43		$	342		$	228		$	(39	)	(48	)%	$	(114	)	(33	)%	$	(14	)	(25	)%
Term and whole life	5			4			5			4			5			20			18			—			—		(2		)	(10	)%	1			25	%
Disability insurance	4			4			4			3			3			18			14			(1		)	(25	)%	(4		)	(22	)%	—			—
Auto and Home	145			156			155			166			154			598			631			9			6	%	33			6	%	(12		)	(7	)%
Total cash sales	$	236		$	228		$	228		$	230		$	205		$	978		$	891		$	(31	)	(13	)%	$	(87	)	(9	)%	$	(25	)	(11	)%
VUL / UL Policyholder Account Balances
Beginning balance	$	9,976		$	9,836		$	9,336		$	9,303		$	8,591		$	9,329		$	9,836		$	(1,385	)	(14	)%	$	507		5	%	$	(712	)	(8	)%
Premiums and deposits	280			266			256			254			230			1,115			1,006			(50		)	(18	)%	(109		)	(10	)%	(24		)	(9	)%
Investment performance and interest	(156		)	(493		)	(33		)	(627		)	(965		)	462			(2,118		)	(809		)	#		(2,580		)	#		(338		)	(54	)%
Withdrawals and surrenders	(275		)	(267		)	(258		)	(308		)	(255		)	(1,123		)	(1,088		)	20			7	%	35			3	%	53			17	%
Other	11			(6		)	2			(31		)	(31		)	53			(66		)	(42		)	#		(119		)	#		—			—
Total ending balance	$	9,836		$	9,336		$	9,303		$	8,591		$	7,570		$	9,836		$	7,570		$	(2,266	)	(23	)%	$	(2,266	)	(23	)%	$	(1,021	)	(12	)%
Premiums by Product
Term and whole life	$	19		$	21		$	19		$	22		$	19		$	79		$	81		$	—		—		$	2		3	%	$	(3	)	(14	)%
Disability insurance	42			43			43			44			43			167			173			1			2	%	6			4	%	(1		)	(2	)%
Long term care	38			35			34			36			37			144			142			(1		)	(3	)%	(2		)	(1	)%	1			3	%
Auto and Home	147			148			151			154			157			578			610			10			7	%	32			6	%	3			2	%
Intercompany premiums	9			7			8			7			9			34			31			—			—		(3		)	(9	)%	2			29	%
Total premiums by product	$	255		$	254		$	255		$	263		$	265		$	1,002		$	1,037		$	10		4	%	$	35		3	%	$	2		1	%
Auto and Home Insurance
Policy count (thousands)	517			524			532			540			547			517			547			30			6	%	30			6	%	7			1	%
Loss ratio	69.3		%	79.8		%	75.8		%	75.7		%	80.4		%	74.3		%	77.9		%	11.1		%			3.6		%			4.7		%
Expense ratio	15.5		%	16.8		%	15.3		%	20.5		%	16.2		%	17.1		%	17.2		%	0.7		%			0.1		%			(4.3		)%
Combined ratio	84.8		%	96.6		%	91.1		%	96.2		%	96.6		%	91.4		%	95.1		%	11.8		%			3.7		%			0.4		%
DAC Rollforward
Life and Health
Beginning balance	$	2,086		$	2,093		$	2,097		$	2,114		$	2,019		$	2,064		$	2,093		$	(67	)	(3	)%	$	29		1	%	$	(95	)	(4	)%
Capitalization	57			46			45			41			41			228			173			(16		)	(28	)%	(55		)	(24	)%	—			—
Amortization per income statement	(46		)	(40		)	(36		)	(126		)	(83		)	(152		)	(285		)	(37		)	(80	)%	(133		)	(88	)%	43			34	%
Cumulative effect of accounting change(2)	—			—			—			—			—			(51		)	—			—			—		51			#		—			—
Other (FAS 115)	(4		)	(2		)	8			(10		)	68			4			64			72			#		60			#		78			#
Total ending balance	$	2,093		$	2,097		$	2,114		$	2,019		$	2,045		$	2,093		$	2,045		$	(48	)	(2	)%	$	(48	)	(2	)%	$	26		1	%
Life Insurance in-Force	$	187,095		$	188,643		$	190,514		$	192,002		$	192,061		$	187,095		$	192,061		$	4,966		3	%	$	4,966		3	%	$	59		—
Net Amount at Risk	$	59,100		$	58,395		$	58,583		$	58,001		$	56,857		$	59,100		$	56,857		$	(2,243	)	(4	)%	$	(2,243	)	(4	)%	$	(1,144	)	(2	)%
Net Policyholder Reserves
VUL / UL	$	8,780		$	8,293		$	8,286		$	7,604		$	6,637		$	8,780		$	6,637		$	(2,143	)	(24	)%	$	(2,143	)	(24	)%	$	(967	)	(13	)%
Term and whole life	233			233			234			236			238			233			238			5			2	%	5			2	%	2			1	%
Disability insurance	426			431			431			454			458			426			458			32			8	%	32			8	%	4			1	%
Long term care and other	2,320			2,339			2,375			2,374			2,375			2,320			2,375			55			2	%	55			2	%	1			—
Auto and Home loss and LAE reserves	339			333			319			308			308			339			308			(31		)	(9	)%	(31		)	(9	)%	—			—
Total net policyholder reserves	$	12,098		$	11,629		$	11,645		$	10,976		$	10,016		$	12,098		$	10,016		$	(2,082	)	(17	)%	$	(2,082	)	(17	)%	$	(960	)	(9	)%

(1)	Includes lump sum deposits.
(2)	Reflects adoption of SOP 05-1 in Q1 2007 and FAS 157 in Q1 2008.
#	Variance of 100% or greater.

22

Statistical Supplement Package

(unaudited)

Fourth Quarter 2008

Corporate & Other Segment

23

Ameriprise Financial, Inc.

Corporate & Other Segment

Fourth Quarter 2008

Prior Year Comparisons

Year-to-Date

Qtr Chg - 4Q

YTD Chg - 4Q

Seq Qtr Chg - 4Q

(in millions unless otherwise noted, unaudited)

4 Qtr 2007

1 Qtr 2008

2 Qtr 2008

3 Qtr 2008

4 Qtr 2008

2007

2008

Diff.

%

Diff.

%

Diff.

%

Revenues

Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	1		$	—		$	—		—		$	(1	)	#		$	—		—
Distribution fees	—			—			—			—			—			—			—			—			—		—			—		—			—
Net investment income	14			8			12			(9		)	(36		)	22			(25		)	(50		)	#		(47		)	#		(27		)	#
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	3			2			2			—			22			7			26			19			#		19			#		22			—
Total revenues	17			10			14			(9		)	(14		)	30			1			(31		)	#		(29		)	(97	)%	(5		)	(56	)%
Banking and deposit interest expense	1			1			—			—			1			6			2			—			—		(4		)	(67	)%	1			—
Total net revenues	16			9			14			(9		)	(15		)	24			(1		)	(31		)	#		(25		)	#		(6		)	(67	)%
Expenses
Distribution expenses	—			—			1			—			—			1			1			—			—		—			—		—			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	27			26			28			27			28			112			109			1			4	%	(3		)	(3	)%	1			4	%
General and administrative expense	47			14			31			134			74			159			253			27			57	%	94			59	%	(60		)	(45	)%
Total expenses before separation costs (1)	74			40			60			161			102			272			363			28			38	%	91			33	%	(59		)	(37	)%
Separation costs	28			—			—			—			—			236			—			(28		)	#		(236		)	#		—			—
Total expenses	102			40			60			161			102			508			363			—			—		(145		)	(29	)%	(59		)	(37	)%
Pretax loss	$	(86	)	$	(31	)	$	(46	)	$	(170	)	$	(117	)	$	(484	)	$	(364	)	$	(31	)	(36	)%	$	120		25	%	$	53		31	%
Net investment income
Investment income on fixed maturities	$	22		$	19		$	18		$	10		$	5		$	79		$	52		$	(17	)	(77	)%	$	(27	)	(34	)%	$	(5	)	(50	)%
Realized gains (losses)	—			(1		)	—			1			(3		)	1			(3		)	(3		)	—		(4		)	#		(4		)	#
Affordable housing	(8		)	(7		)	(8		)	(7		)	(17		)	(32		)	(39		)	(9		)	#		(7		)	(22	)%	(10		)	#
Other	—			(3		)	2			(13		)	(21		)	(26		)	(35		)	(21		)	—		(9		)	(35	)%	(8		)	(62	)%
Total net investment income	$	14		$	8		$	12		$	(9	)	$	(36	)	$	22		$	(25	)	$	(50	)	#		$	(47	)	#		$	(27	)	#
Balance Sheet Metrics
Allocated equity	$	1,751		$	1,730		$	1,730		$	1,224		$	115		$	1,751		$	115		$	(1,636	)	(93	)%	$	(1,636	)	(93	)%	$	(1,109	)	(91	)%

(1) See non-GAAP Financial Information.

#  Variance of 100% or greater.

24

Ameriprise Financial, Inc.

Eliminations(1)

Fourth Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 4Q				YTD Chg - 4Q					Seq Qtr Chg - 4Q
(in millions unless otherwise noted, unaudited)	4 Qtr 2007			1 Qtr 2008			2 Qtr 2008			3 Qtr 2008			4 Qtr 2008			2007			2008			Diff.		%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	(14	)	$	(13	)	$	(13	)	$	(13	)	$	(12	)	$	(53	)	$	(51	)	$	2	14	%	$	2		4	%	$	1		8	%
Distribution fees	(276		)	(251		)	(253		)	(236		)	(235		)	(1,147		)	(975		)	41		15	%	172			15	%	1			0	%
Net investment income	(3		)	(2		)	(2		)	(2		)	—			(8		)	(6		)	3		#		2			25	%	2			#
Premiums	(9		)	(7		)	(8		)	(8		)	(8		)	(34		)	(31		)	1		11	%	3			9	%	—			—
Other revenues	—			—			—			—			—			—			—			—		—		—			—		—			—
Total revenues	(302		)	(273		)	(276		)	(259		)	(255		)	(1,242		)	(1,063		)	47		16	%	179			14	%	4			2	%
Banking and deposit interest expense	(3		)	(3		)	(2		)	(2		)	(2		)	(8		)	(9		)	1		33	%	(1		)	(13	)%	—			—
Total net revenues	(299		)	(270		)	(274		)	(257		)	(253		)	(1,234		)	(1,054		)	46		15	%	180			15	%	4			2	%
Expenses
Distribution expenses	(239		)	(221		)	(223		)	(209		)	(199		)	(1,013		)	(852		)	40		17	%	161			16	%	10			5	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—		—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—		—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—		—		—			—		—			—
Interest and debt expense	—			—			—			—			—			—			—			—		—		—			—		—			—
General and administrative expense	(60		)	(49		)	(51		)	(48		)	(54		)	(221		)	(202		)	6		10	%	19			9	%	(6		)	(13	)%
Total expenses	(299		)	(270		)	(274		)	(257		)	(253		)	(1,234		)	(1,054		)	46		15	%	180			15	%	4			2	%
Pretax income	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—	—		$	—		—		$	—		—

(1)	The majority of the amounts represent the impact of inter-segment transfer pricing for both revenues and expenses.
#	Variance of 100% or greater.

25

Statistical Supplement Package

(unaudited)

Fourth Quarter 2008

Balance Sheet and Ratings Information

26

Ameriprise Financial, Inc.

Consolidated Balance Sheets

(in millions, unaudited)	December 31, 2007			March 31, 2008			June 30, 2008			September 30, 2008			December 31, 2008
Assets
Cash and cash equivalents	$	3,836		$	3,904		$	3,373		$	4,043		$	6,228
Investments	30,625			29,808			29,506			28,101			27,542
Separate account assets	61,974			58,442			58,725			52,762			44,746
Receivables	3,441			3,441			3,614			3,921			3,887
Deferred acquisition costs	4,503			4,549			4,611			4,473			4,482
Restricted and segregated cash	1,332			1,142			994			1,837			1,883
Other assets	3,519			3,616			3,444			4,013			6,921
Total assets	$	109,230		$	104,902		$	104,267		$	99,150		$	95,689
Liabilities
Future policy benefits and claims	$	27,446		$	27,164		$	26,744		$	26,981		$	29,293
Separate account liabilities	61,974			58,442			58,725			52,762			44,746
Customer deposits	6,201			6,307			6,382			7,727			8,237
Debt	2,018			2,018			2,018			2,080			2,027
Accounts payable and accrued expenses	1,187			834			890			758			887
Other liabilities	2,594			2,556			2,194			2,125			4,308
Total liabilities	101,420			97,321			96,953			92,433			89,498
Shareholders’ Equity
Common shares ($.01 par)	3			3			3			3			3
Additional paid-in capital	4,630			4,637			4,649			4,704			4,688
Retained earnings	4,811			4,938			5,111			5,004			4,592
Treasury stock	(1,467		)	(1,710		)	(1,927		)	(2,021		)	(2,012		)
Accumulated other comprehensive income (loss), net of tax	(167		)	(287		)	(522		)	(973		)	(1,080		)
Total shareholders’ equity	7,810			7,581			7,314			6,717			6,191
Total liabilities and shareholders’ equity	$	109,230		$	104,902		$	104,267		$	99,150		$	95,689

27

Ameriprise Financial, Inc.

Capital and Ratings Information

(in millions unless otherwise noted, unaudited)	December 31, 2007			March 31, 2008			June 30, 2008			September 30, 2008			December 31, 2008
Debt Summary
Senior notes	$	1,500		$	1,500		$	1,500		$	1,500		$	1,500
Junior subordinated notes (2)	500			500			500			500			457
Non-recourse debt
Debt of CDO	—			—			—			—			—
Debt for inverse floaters	18			18			18			12			6
Debt of property fund limited partnerships	—			—			—			68			64
Total non-recourse debt	18			18			18			80			70
Total debt	$	2,018		$	2,018		$	2,018		$	2,080		$	2,027
Total debt	$	2,018		$	2,018		$	2,018		$	2,080		$	2,027
Total non-recourse debt	(18		)	(18		)	(18		)	(80		)	(70		)
Total debt excluding non-recourse debt (1)	2,000			2,000			2,000			2,000			1,957
Junior subordinated notes 75% equity credit (2)	(375		)	(375		)	(375		)	(375		)	(343		)
Total debt excluding non-recourse debt and 75% equity credit (1),(2)	$	1,625		$	1,625		$	1,625		$	1,625		$	1,614
Total shareholders’ equity	$	7,810		$	7,581		$	7,314		$	6,717		$	6,191
Total capital	9,828			9,599			9,332			8,797			8,218
Total capital excluding non-recourse debt (1)	$	9,810		$	9,581		$	9,314		$	8,717		$	8,148
Other Information
Debt to total capital	20.5		%	21.0		%	21.6		%	23.6		%	24.7		%
Debt to total capital excluding non-recourse debt (1)	20.4		%	20.9		%	21.5		%	22.9		%	24.0		%
Debt to total capital excluding non-recourse debt and 75% equity credit (1)	16.6		%	17.0		%	17.4		%	18.6		%	19.8		%

Ratings (as of December 31, 2008)	A.M. Best Company	Standard & Poor’s Rating Services	Moody’s Investors Service, Inc.	Fitch Ratings Ltd.
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.

28

Ameriprise Financial, Inc.

Investments

(in millions unless otherwise noted, unaudited)	December 31, 2007			March 31, 2008			June 30, 2008			September 30, 2008			December 31, 2008
Cash and cash equivalents	$	3,836		$	3,904		$	3,373		$	4,043		$	6,228
Investments - Ending Balances
Available-for-Sale Securities
Corporate debt securities	13,943			13,493			13,319			12,593			12,599
Mortgage backed securities	6,282			6,155			6,013			5,741			5,255
Commercial mortgage backed securities	3,043			2,944			2,841			2,711			2,733
Asset backed securities	1,068			1,031			1,073			1,053			958
Total mortgage and other asset backed securities	10,393			10,130			9,927			9,505			8,946
Structured investments	46			42			38			35			50
State and municipal obligations	1,035			1,004			991			923			873
US government and agencies obligations	328			333			326			265			271
Foreign government bonds and obligations	112			113			110			107			107
Common and preferred stocks	58			51			54			49			37
Other AFS	16			20			26			18			10
Total other	1,595			1,563			1,545			1,397			1,348
Total available-for-sale securities	25,931			25,186			24,791			23,495			22,893
Commercial mortgage loans	3,115			3,127			3,058			2,939			2,906
Allowance for loan losses	(18		)	(18		)	(18		)	(18		)	(19		)
Commercial mortgage loans, net	3,097			3,109			3,040			2,921			2,887
Policy loans	706			713			725			730			729
Trading securities	504			428			379			374			501
Other investments	387			372			571			581			532
Total investments	30,625			29,808			29,506			28,101			27,542
Total cash, cash equivalents and investments	$	34,461		$	33,712		$	32,879		$	32,144		$	33,770
SFAS 115 Mark-to-market AFS	$	(316	)	$	(500	)	$	(915	)	$	(1,517	)	$	(1,815	)
AFS Fixed Maturity Asset Quality - %
AAA	44		%	44		%	42		%	41		%	40		%
AA	10		%	10		%	10		%	8		%	7		%
AFS securities AA and above	54		%	54		%	52		%	49		%	47		%
A	16		%	16		%	17		%	17		%	19		%
BBB	24		%	24		%	24		%	27		%	29		%
Below investment grade	6		%	6		%	7		%	7		%	5		%
Total AFS fixed maturity asset quality - %	100		%	100		%	100		%	100		%	100		%
Fair Value of Below Investment Grade as a % of Total cash and investments	6		%	5		%	7		%	7		%	5		%

29

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, consisting of non-recurring separation costs.  These non-GAAP financial measures, which our management views as important indicators of financial performance, include:

· Pretax income (loss) margin;

· Total debt excluding non-recourse debt;

· Total debt excluding non-recourse debt and 75% equity credit;

· Total capital excluding non-recourse debt;

· Debt to total capital excluding non-recourse debt;

· Debt to total capital excluding non-recourse debt and 75% equity credit;

· Pretax operating earnings;

· Pretax operating earnings margin; and

· Total expenses before separation costs for the Financial Summary and Corporate & Other segment.

Management believes that the presentation of these non-GAAP financial measures excluding these specific income statement impacts best reflects 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 subordinated debt.  Management believes that the debt to capital ratios excluding this non-recourse debt better represent the Company’s capital structure.

Reclassification

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

30

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 benefits 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 ended in 2007.

31

Ameriprise Financial, Inc.

Glossary of Selected Terminology

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.

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 inforce (but doesn’t need to result in time of sale revenue), or activity that doesn’t increase assets or premiums inforce, but generates “fee revenue”.

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 subordinated debt.

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

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

Financial 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 include 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 Product funds held in the separate accounts of our life insurance subsidiaries.

Net Amount at Risk - Life insurance inforce 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 Operating Earnings - Pretax income plus or minus net realized gains (losses).

Pretax Operating Earnings Margin - A ratio representing pretax operating earnings 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.

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 entity 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 ended 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.

32

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 a holding company for the London-based Threadneedle companies, which provide investment management products and services.

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.

33

Exhibit A

Statistical Supplement Package

(unaudited)

Fourth Quarter 2008

Domestic Mutual Fund Performance and

Lipper Ranking

34

Equity Fund Performance & Lipper Ranking

As of December 31, 2008

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.

				Rankings and Annualized Returns at NAV (1)																	Annualized Returns @ POP (1)
	Total Net	Total Net	Gross													Fund	Since				Max. Front
	Assets	Assets	Expense	1 year			3 years			5 years			10 years			Inception	Inception	Ranking Since			Sales					Since
Class A Shares by Lipper Category	(Mil $)	Date	Ratio	Return	Ranking		Return	Ranking		Return	Ranking		Return	Ranking		Date	Return	Date	Ranking		Charge	1 year	3 years	5 years	10 years	Inception
Emerging Market Funds
Seligman Emerging Markets Fund (2)	63.80	12/31/2008	2.45	-51.62	27	%	-3.43	16	%	7.93	23	%	6.61	85	%	5/28/1996	3.01	5/31/1996	58	%	5.75	-54.40	-5.32	6.66	5.98	2.53
Lipper Fund Ranking / Total Funds in Category					80 / 304			33 / 214			40 / 176			85 / 99					33 / 56
Threadneedle Emerging Markets Fund	264.00	12/31/2008	1.87	-54.91	50	%	-5.99	50	%	6.75	42	%	8.10	60	%	11/13/1996	4.24	11/14/1996	47	%	5.75	-57.50	-7.83	5.49	7.46	3.73
Lipper Fund Ranking / Total Funds in Category					151 / 304			106 / 214			73 / 176			60 / 99					30 / 64
Equity Income Funds
RiverSource Diversified Equity Income Fund	4,195.70	12/31/2008	1.08	-40.41	88	%	-8.34	74	%	0.63	33	%	2.78	19	%	10/15/1990	9.01	10/18/1990	35	%	5.75	-43.83	-10.13	-0.56	2.18	8.65
Lipper Fund Ranking / Total Funds in Category					253 / 287			169 / 230			58 / 178			19 / 99					9 / 25
RiverSource Dividend Opportunity Fund	1,105.90	12/31/2008	1.11	-35.92	66	%	-5.94	46	%	0.33	40	%	-0.92	85	%	8/1/1988	7.07	8/31/1988	77	%	5.75	-39.60	-7.78	-0.86	-1.51	6.76
Lipper Fund Ranking / Total Funds in Category					190 / 287			106 / 230			70 / 178			85 / 99					16 / 20
European Region Funds
Threadneedle European Equity Fund	65.90	12/31/2008	1.58	-40.60	11	%	-2.71	11	%	2.79	29	%				6/26/2000	-1.96	6/26/2000	70	%	5.75	-44.01	-4.62	1.58		-2.64
Lipper Fund Ranking / Total Funds in Category					11 / 107			10 / 96			25 / 88								42 / 59
Extended U.S. Large-Cap Core Funds
RiverSource 120/20 Contrarian Equity Fund	32.20	12/31/2008	2.01	-43.67	94	%										10/18/2007	-41.67	10/18/2007	90	%	5.75	-46.90				-44.47
Lipper Fund Ranking / Total Funds in Category					40 / 42														26 / 28
Flexible Portfolio Funds
RiverSource Strategic Allocation Fund	1,343.00	12/31/2008	1.04	-30.21	66	%	-4.66	57	%	1.00	49	%	1.17	68	%	1/23/1985	8.88	1/31/1985	50	%	5.75	-34.22	-6.53	-0.19	0.58	8.61
Lipper Fund Ranking / Total Funds in Category					112 / 169			59 / 103			41 / 83			33 / 48					3 / 5
Global Large Cap Growth Funds
Seligman Global Growth Fund (2)	17.60	12/31/2008	2.31	-53.11	86	%	-13.16	82	%	-4.89	81	%	-4.26	94	%	11/1/1995	0.26	11/2/1995	95	%	5.75	-55.81	-14.86	-6.01	-4.83	-0.19
Lipper Fund Ranking / Total Funds in Category					75 / 87			58 / 70			41 / 50			30 / 31					17 / 17
Threadneedle Global Equity Fund	416.30	12/31/2008	1.46	-42.15	45	%	-7.83	40	%	1.48	10	%	-1.70	75	%	5/29/1990	3.33	5/31/1990	75	%	5.75	-45.47	-9.63	0.29	-2.28	3.00
Lipper Fund Ranking / Total Funds in Category					39 / 87			28 / 70			5 / 50			24 / 31					3 / 3
Global Real Estate Funds
Seligman LaSalle Global Real Estate Fund (2)	12.80	12/31/2008	2.52	-49.67	97	%										12/28/2006	-35.40	12/28/2006	95	%	5.75	-52.57				-37.28
Lipper Fund Ranking / Total Funds in Category					82 / 84														51 / 53
Global Small-/Mid-Cap Funds
Seligman Global Smaller Companies Fund (2)	98.30	12/31/2008	1.79	-47.60	43	%	-14.03	70	%	-2.08	69	%	-2.15	93	%	8/31/1992	4.70	8/31/1992	58	%	5.75	-50.61	-15.71	-3.23	-2.73	4.32
Lipper Fund Ranking / Total Funds in Category					29 / 67			42 / 59			39 / 56			24 / 25					4 / 6
Global Science & Technology Funds
RiverSource Global Technology Fund	73.80	12/31/2008	1.45	-47.35	44	%	-10.81	42	%	-4.03	37	%	-3.39	34	%	11/13/1996	0.51	11/14/1996	67	%	5.75	-50.38	-12.55	-5.16	-3.96	0.02
Lipper Fund Ranking / Total Funds in Category					42 / 95			38 / 90			30 / 81			8 / 23					12 / 17
Seligman Global Technology Fund	207.40	12/31/2008	1.75	-40.45	11	%	-6.73	4	%	-1.69	10	%	-0.10	13	%	5/23/1994	7.34	5/26/1994	15	%	5.75	-43.87	-8.55	-2.85	-0.69	6.90
Lipper Fund Ranking / Total Funds in Category					10 / 95			3 / 90			8 / 81			3 / 23					1 / 6
Gold-Oriented Funds
RiverSource Precious Metals and Mining Fund	97.90	12/31/2008	1.33	-25.06	34	%	5.39	38	%	4.70	66	%	11.73	83	%	4/22/1985	6.94	4/30/1985	40	%	5.75	-29.37	3.33	3.47	11.07	6.68
Lipper Fund Ranking / Total Funds in Category					22 / 65			20 / 52			32 / 48			24 / 28					4 / 9
International Large Cap Core Funds
Threadneedle International Opportunity Fund	366.50	12/31/2008	1.45	-40.67	16	%	-6.22	21	%	1.73	26	%	-1.62	90	%	11/15/1984	6.49	11/30/1984	84	%	5.75	-44.08	-8.05	0.54	-2.20	6.23
Lipper Fund Ranking / Total Funds in Category					38 / 238			42 / 199			45 / 176			98 / 109					5 / 5
International Multi Cap Growth Funds
RiverSource Disciplined International Equity Fund	406.30	12/31/2008	1.43	-49.37	72	%										5/18/2006	-14.62	5/18/2006	66	%	5.75	-52.28				-16.53
Lipper Fund Ranking / Total Funds in Category					141 / 195														99 / 151
RiverSource Partners International Select Growth Fund (2)	359.50	12/31/2008	1.56	-45.64	40	%	-7.92	46	%	2.10	40	%				9/28/2001	4.23	9/28/2001	48	%	5.75	-48.76	-9.72	0.90		3.38
Lipper Fund Ranking / Total Funds in Category					78 / 195			64 / 141			43 / 107								40 / 84
Seligman International Growth Fund (2)	36.70	12/31/2008	2.00	-57.92	98	%	-14.32	93	%	-3.92	89	%	-7.01	95	%	4/2/1992	-0.02	4/2/1992	88	%	5.75	-60.34	-16.00	-5.05	-7.56	-0.37
Lipper Fund Ranking / Total Funds in Category					192 / 195			132 / 141			96 / 107			37 / 38					7 / 7
International Multi Cap Value Funds
RiverSource Partners International Select Value Fund (2)	856.00	12/31/2008	1.29	-49.24	95	%	-11.95	92	%	0.28	68	%				9/28/2001	4.18	9/28/2001	69	%	5.75	-52.16	-13.67	-0.90		3.33
Lipper Fund Ranking / Total Funds in Category					133 / 139			88 / 95			55 / 80								43 / 62
International Small/Mid Cap Core Funds
RiverSource Partners International Small Cap Fund(2)	48.70	12/31/2008	1.97	-50.06	59	%	-12.67	63	%	-2.08	75	%				10/3/2002	6.14	10/3/2002	84	%	5.75	-52.94	-14.38	-3.23		5.14
Lipper Fund Ranking / Total Funds in Category					42 / 71			32 / 50			36 / 47								35 / 41

35

Equity Fund Performance & Lipper Ranking

As of December 31, 2008

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.

				Rankings and Annualized Returns at NAV (1)																	Annualized Returns @ POP (1)
	Total Net	Total Net	Gross													Fund	Since				Max. Front
	Assets	Assets	Expense	1 year			3 years			5 years			10 years			Inception	Inception	Ranking Since			Sales					Since
Class A Shares by Lipper Category	(Mil $)	Date	Ratio	Return	Ranking		Return	Ranking		Return	Ranking		Return	Ranking		Date	Return	Date	Ranking		Charge	1 year	3 years	5 years	10 years	Inception
Large Cap Core Funds
RiverSource Large Cap Equity Fund	2,445.10	12/31/2008	1.05	-42.40	89	%	-12.07	88	%	-5.37	89	%				3/28/2002	-3.92	3/28/2002	81	%	5.75	-45.71	-13.79	-6.49		-4.76
Lipper Fund Ranking / Total Funds in Category					758 / 854			631 / 722			537 / 607								419 / 520
RiverSource Disciplined Equity Fund	2,011.30	12/31/2008	0.96	-38.74	70	%	-9.10	52	%	-2.59	46	%				4/24/2003	1.44	4/24/2003	43	%	5.75	-42.26	-10.88	-3.74		0.39
Lipper Fund Ranking / Total Funds in Category					592 / 854			369 / 722			279 / 607								240 / 567
Large Cap Growth Funds
RiverSource Growth Fund	1,218.50	12/31/2008	1.04	-44.59	83	%	-14.18	91	%	-5.75	88	%	-6.17	92	%	3/1/1972	9.56	3/31/1972	45	%	5.75	-47.78	-15.85	-6.86	-6.72	9.38
Lipper Fund Ranking / Total Funds in Category					664 / 804			619 / 680			496 / 568			252 / 274					12 / 26
Seligman Growth Fund	229.20	12/31/2008	1.35	-44.06	79	%	-10.70	55	%	-4.47	60	%	-5.18	86	%	12/31/1936	^				5.75	-47.28	-12.44	-5.59	-5.74	^
Lipper Fund Ranking / Total Funds in Category					632 / 804			368 / 680			341 / 568			235 / 274
Large Cap Value Fund
RiverSource Equity Value Fund	587.40	12/31/2008	1.06	-39.42	73	%	-8.02	41	%	-0.03	16	%	0.36	54	%	3/20/1995	5.44	3/23/1995	67	%	5.75	-42.91	-9.82	-1.21	-0.24	4.99
Lipper Fund Ranking / Total Funds in Category					432 / 598			211 / 516			66 / 430			102 / 188					68 / 102
RiverSource Large Cap Value Fund	40.50	12/31/2008	1.31	-41.39	89	%	-11.44	86	%	-4.22	89	%				6/27/2002	-1.15	6/27/2002	87	%	5.75	-44.76	-13.17	-5.35		-2.05
Lipper Fund Ranking / Total Funds in Category					532 / 598			442 / 516			381 / 430								301 / 347
Seligman Large Cap Value Fund	147.40	12/31/2008	1.51	-37.20	56	%	-8.22	45	%	-0.31	21	%	0.50	51	%	4/25/1997	3.63	4/25/1997	40	%	5.75	-40.81	-10.01	-1.48	-0.10	3.10
Lipper Fund Ranking / Total Funds in Category					332 / 598			229 / 516			87 / 430			96 / 188					15 / 37
Mid Cap Core Funds
RiverSource Disciplined Small and Mid-Cap Equity Fund	161.30	12/31/2008	1.32	-35.78	26	%										5/18/2006	-17.51	5/18/2006	91	%	5.75	-39.47				-19.36
Lipper Fund Ranking / Total Funds in Category					91 / 359														262 / 287
Mid Cap Growth Funds
RiverSource Mid Cap Growth Fund	466.50	12/31/2008	1.08	-44.67	48	%	-14.29	83	%	-5.41	83	%	-1.24	69	%	6/4/1957	^				5.75	-47.85	-15.97	-6.52	-1.83	^
Lipper Fund Ranking / Total Funds in Category					287 / 605			435 / 525			350 / 422			134 / 196
RiverSource Partners Aggressive Growth Fund (2)	307.70	12/31/2008	1.65	-48.63	81	%	-10.11	40	%	-2.21	47	%				4/24/2003	3.64	4/24/2003	30	%	5.75	-51.59	-11.87	-3.36		2.56
Lipper Fund Ranking / Total Funds in Category					488 / 605			209 / 525			198 / 422								118 / 396
Seligman Capital Fund	197.50	12/31/2008	1.49	-48.44	78	%	-14.29	83	%	-5.36	82	%	-0.61	65	%	12/24/1969	10.25	12/31/1969	8	%	5.75	-51.41	-15.97	-6.47	-1.20	10.08
Lipper Fund Ranking / Total Funds in Category					472 / 605			436 / 525			346 / 422			128 / 196					1 / 12
Mid Cap Value Funds
RiverSource Mid Cap Value Fund	1,743.40	12/31/2008	1.28	-44.30	88	%	-10.43	55	%	0.74	17	%				2/14/2002	3.60	2/14/2002	20	%	5.75	-47.50	-12.18	-0.44		2.71
Lipper Fund Ranking / Total Funds in Category					310 / 354			157 / 286			35 / 212								33 / 164
Mixed-Asset Target 2010 Funds
RiverSource Retirement PlusSM 2010 Fund	11.80	12/31/2008	1.49	-27.38	65	%										5/18/2006	-5.77	5/18/2006	51	%	5.75	-31.55				-7.87
Lipper Fund Ranking / Total Funds in Category					111 / 170														52 / 101
Mixed-Asset Target 2015 Funds
RiverSource Retirement Plus 2015 Fund	20.10	12/31/2008	1.31	-31.17	71	%										5/18/2006	-7.29	5/18/2006	57	%	5.75	-35.13				-9.36
Lipper Fund Ranking / Total Funds in Category					78 / 110														31 / 54
Seligman TargETFund 2015	26.90	12/31/2008	1.52	-33.24	75	%	-7.18	61	%							10/3/2005	-6.28	10/3/2005	67	%	5.75	-37.08	-8.99			-7.97
Lipper Fund Ranking / Total Funds in Category					83 / 110			28 / 45											30 / 44
Mixed-Asset Target 2020 Funds
RiverSource Retirement Plus 2020 Fund	22.70	12/31/2008	1.29	-34.25	79	%										5/18/2006	-8.66	5/18/2006	53	%	5.75	-38.03				-10.70
Lipper Fund Ranking / Total Funds in Category					121 / 153														45 / 85
Mixed-Asset Target 2025 Funds
RiverSource Retirement Plus 2025 Fund	22.50	12/31/2008	1.34	-35.76	69	%										5/18/2006	-9.60	5/18/2006	40	%	5.75	-39.46				-11.62
Lipper Fund Ranking / Total Funds in Category					60 / 87														15 / 37
Seligman TargETFund 2025	27.90	12/31/2008	1.56	-38.15	78	%	-8.53	52	%							10/3/2005	-7.40	10/3/2005	57	%	5.75	-41.71	-10.32			-9.07
Lipper Fund Ranking / Total Funds in Category					68 / 87			17 / 32											18 / 31
Mixed-Asset Target 2030 Funds
RiverSource Retirement Plus 2030 Fund	24.10	12/31/2008	1.32	-35.82	46	%										5/18/2006	-9.45	5/18/2006	32	%	5.75	-39.51				-11.47
Lipper Fund Ranking / Total Funds in Category					65 / 143														26 / 82

36

Equity Fund Performance & Lipper Ranking

As of December 31, 2008

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.

				Rankings and Annualized Returns at NAV (1)																	Annualized Returns @ POP (1)
	Total Net	Total Net	Gross													Fund	Since				Max. Front
	Assets	Assets	Expense	1 year			3 years			5 years			10 years			Inception	Inception	Ranking Since			Sales					Since
Class A Shares by Lipper Category	(Mil $)	Date	Ratio	Return	Ranking		Return	Ranking		Return	Ranking		Return	Ranking		Date	Return	Date	Ranking		Charge	1 year	3 years	5 years	10 years	Inception
Mixed-Asset Target 2035 Funds
RiverSource Retirement Plus 2035 Fund	14.80	12/31/2008	1.51	-35.78	39	%										5/18/2006	-9.71	5/18/2006	38	%	5.75	-39.47				-11.73
Lipper Fund Ranking / Total Funds in Category					34 / 87														13 / 34
Seligman TargETFund 2035	6.70	12/31/2008	6.75	-38.50	66	%										10/2/2006	-13.84	10/2/2006	54	%	5.75	-42.03				-16.09
Lipper Fund Ranking / Total Funds in Category					58 / 87														25 / 46
Mixed-Asset Target 2040 Funds
RiverSource Retirement Plus 2040 Fund	9.40	12/31/2008	1.66	-35.68	18	%										5/18/2006	-9.46	5/18/2006	11	%	5.75	-39.38				-11.49
Lipper Fund Ranking / Total Funds in Category					23 / 130														8 / 75
Mixed-Asset Target 2045 Funds
RiverSource Retirement Plus 2045 Fund	8.30	12/31/2008	2.10	-35.80	30	%										5/18/2006	-9.62	5/18/2006	32	%	5.75	-39.49				-11.64
Lipper Fund Ranking / Total Funds in Category					23 / 77														7 / 21
Seligman TargETFund 2045	4.10	12/31/2008	11.30	-38.85	58	%										10/2/2006	-14.03	10/2/2006	39	%	5.75	-42.37				-16.27
Lipper Fund Ranking / Total Funds in Category					45 / 77														14 / 35
Mixed-Asset Target Allocation Conservative Funds
RiverSource Portfolio Builder Conservative Fund	200.40	12/31/2008	1.06	-11.91	19	%	-0.17	18	%							3/4/2004	1.39	3/4/2004	17	%	4.75	-16.09	-1.77			0.37
Lipper Fund Ranking / Total Funds in Category					80 / 431			57 / 321											34 / 201
RiverSource Portfolio Builder Moderate Conservative Fund	345.60	12/31/2008	1.10	-18.31	57	%	-1.69	42	%							3/4/2004	0.96	3/4/2004	25	%	4.75	-22.19	-3.27			-0.05
Lipper Fund Ranking / Total Funds in Category					246 / 431			134 / 321											50 / 201
Mixed-Asset Target Allocation Growth Funds
RiverSource Portfolio Builder Moderate Aggressive Fund	852.80	12/31/2008	1.23	-29.97	52	%	-5.34	46	%							3/4/2004	-0.60	3/4/2004	33	%	5.75	-33.99	-7.19			-1.81
Lipper Fund Ranking / Total Funds in Category					352 / 684			250 / 548											147 / 456
Seligman Income and Growth Fund	39.10	12/31/2008	1.46	-37.84	92	%	-11.09	98	%	-5.14	98	%	-3.24	98	%	3/31/1947	^				5.75	-41.41	-12.82	-6.26	-3.82	^
Lipper Fund Ranking / Total Funds in Category					626 / 684			533 / 548			428 / 438			242 / 247
Mixed-Asset Target Allocation Moderate Funds
RiverSource Balanced Fund	562.90	12/31/2008	0.95	-29.64	80	%	-6.31	79	%	-1.42	76	%	-2.39	95	%	4/16/1940	^				5.75	-33.68	-8.15	-2.58	-2.96	^
Lipper Fund Ranking / Total Funds in Category					412 / 514			303 / 383			207 / 274			139 / 146
RiverSource Portfolio Builder Moderate Fund	879.40	12/31/2008	1.16	-24.39	43	%	-3.46	35	%							3/4/2004	0.36	3/4/2004	23	%	5.75	-28.73	-5.35			-0.87
Lipper Fund Ranking / Total Funds in Category					218 / 514			132 / 383											63 / 281
Seligman Asset Allocation Balanced Fund	9.80	12/31/2008	2.19	-35.98	95	%	-9.16	93	%	-2.95	91	%				1/10/2000	-3.88	1/10/2000	99	%	5.75	-39.66	-10.94	-4.09		-4.52
Lipper Fund Ranking / Total Funds in Category					487 / 514			356 / 383			248 / 274								154 / 155
Seligman TargETFund Core	60.20	12/31/2008	1.38	-25.58	52	%	-5.06	64	%							10/3/2005	-4.37	10/3/2005	64	%	5.75	-29.86	-6.91			-6.10
Lipper Fund Ranking / Total Funds in Category					265 / 514			244 / 383											233 / 364
Multi Cap Core Funds
RiverSource Disciplined Large Cap Growth Fund	217.40	12/31/2008	1.13	-40.77	69	%										5/17/2007	-27.25	5/17/2007	56	%	5.75	-44.18				-29.86
Lipper Fund Ranking / Total Funds in Category					541 / 794														422 / 753
RiverSource Partners Fundamental Value Fund (2)	553.30	12/31/2008	1.27	-39.81	57	%	-10.44	67	%	-2.77	59	%				6/18/2001	-1.39	6/18/2001	45	%	5.75	-43.27	-12.19	-3.92		-2.16
Lipper Fund Ranking / Total Funds in Category					452 / 794			434 / 647			271 / 461								135 / 302
RiverSource Portfolio Builder Aggressive Fund	389.70	12/31/2008	1.29	-35.63	22	%	-7.42	17	%							3/4/2004	-1.68	3/4/2004	17	%	5.75	-39.33	-9.23			-2.88
Lipper Fund Ranking / Total Funds in Category					168 / 794			108 / 647											78 / 483
RiverSource Portfolio Builder Total Equity Fund	327.10	12/31/2008	1.34	-40.94	70	%	-9.55	50	%							3/4/2004	-2.77	3/4/2004	37	%	5.75	-44.34	-11.32			-3.96
Lipper Fund Ranking / Total Funds in Category					549 / 794			320 / 647											178 / 483
Seligman Asset Allocation Aggressive Growth Fund	11.20	12/31/2008	2.30	-45.80	91	%	-10.65	71	%	-1.86	39	%				1/10/2000	-2.97	1/10/2000	72	%	5.75	-48.92	-12.40	-3.01		-3.61
Lipper Fund Ranking / Total Funds in Category					717 / 794			459 / 647			178 / 461								158 / 220
Seligman Asset Allocation Growth Fund	18.20	12/31/2008	2.19	-45.51	90	%	-10.95	76	%	-2.21	46	%				1/10/2000	-3.18	1/10/2000	76	%	5.75	-48.64	-12.69	-3.36		-3.82
Lipper Fund Ranking / Total Funds in Category					710 / 794			488 / 647			212 / 461								167 / 220
Seligman Asset Allocation Moderate Growth Fund	19.40	12/31/2008	2.08	-44.98	89	%	-11.07	76	%	-2.99	64	%				1/10/2000	-3.58	1/10/2000	82	%	5.75	-48.14	-12.81	-4.13		-4.21
Lipper Fund Ranking / Total Funds in Category					701 / 794			492 / 647			294 / 461								180 / 220
Seligman Common Stock Fund	101.50	12/31/2008	1.33	-44.56	88	%	-14.16	94	%	-6.46	95	%	-6.06	98	%	12/31/1929	^				5.75	-47.75	-15.84	-7.56	-6.62	^
Lipper Fund Ranking / Total Funds in Category					692 / 794			609 / 647			438 / 461			178 / 181
Multi Cap Value Funds
RiverSource Partners Select Value Fund (2)	268.50	12/31/2008	1.53	-36.76	44	%	-7.49	26	%	-1.77	46	%				3/8/2002	1.11	3/8/2002	15	%	5.75	-40.40	-9.29	-2.92		0.24
Lipper Fund Ranking / Total Funds in Category					170 / 389			80 / 307			109 / 238								28 / 191
Real Estate Funds
RiverSource Real Estate Fund	132.80	12/31/2008	1.45	-39.39	56	%	-11.90	48	%							3/4/2004	-0.42	3/4/2004	29	%	5.75	-42.87	-13.62			-1.64
Lipper Fund Ranking / Total Funds in Category					130 / 232			91 / 192											48 / 167
Seligman LaSalle Monthly Dividend Real Estate Fund (2)	29.40	12/31/2008	1.79	-44.94	87	%	-18.46	91	%	-6.53	91	%				7/16/2003	-3.51	7/16/2003	90	%	5.75	-48.11	-20.05	-7.63		-4.55
Lipper Fund Ranking / Total Funds in Category					201 / 232			174 / 192			146 / 160								124 / 138
S&P 500 Index Objective Funds
RiverSource S&P 500 Index Fund (3)	120.90	12/31/2008	0.68	-36.93	10	%	-8.69	45	%	-2.66	59	%				10/25/1999	-2.75	10/28/1999	77	%	N/A	-36.93	-8.69	-2.66		-2.75
Science & Technology Funds
Seligman Communications & Information Fund	2,226.20	12/31/2008	1.46	-36.52	15	%	-3.86	10	%	1.07	10	%	0.70	25	%	6/23/1983	12.06	6/30/1983	40	%	5.75	-40.17	-5.74	-0.12	0.10	11.80
Lipper Fund Ranking / Total Funds in Category					23 / 155			14 / 141			12 / 126			11 / 44					2 / 4
Small Cap Core Funds
RiverSource Partners Small Cap Equity Fund (2)	131.70	12/31/2008	1.70	-36.59	58	%	-11.16	64	%	-2.01	60	%				3/8/2002	-0.36	3/8/2002	71	%	5.75	-40.23	-12.90	-3.17		-1.23
Lipper Fund Ranking / Total Funds in Category					452 / 779			394 / 620			292 / 491								285 / 401
RiverSource Partners Small Cap Value Fund (2)	310.40	12/31/2008	1.57	-34.32	40	%	-10.38	56	%	-1.87	57	%				6/18/2001	2.45	6/18/2001	42	%	5.75	-38.10	-12.13	-3.03		1.64
Lipper Fund Ranking / Total Funds in Category					308 / 779			346 / 620			278 / 491								144 / 343
RiverSource Small Cap Advantage Fund	153.50	12/31/2008	1.34	-38.70	73	%	-13.09	84	%	-3.98	83	%				5/4/1999	1.00	5/6/1999	92	%	5.75	-42.22	-14.79	-5.11		0.38
Lipper Fund Ranking / Total Funds in Category					568 / 779			519 / 620			408 / 491								216 / 235
RiverSource Small Company Index Fund	386.30	12/31/2008	0.93	-31.54	21	%	-8.15	27	%	0.09	27	%	4.26	52	%	8/19/1996	5.75	8/22/1996	57	%	5.75	-35.48	-9.95	-1.08	3.65	5.24
Lipper Fund Ranking / Total Funds in Category					157 / 779			167 / 620			128 / 491			114 / 222					57 / 99
Seligman Smaller Cap Value Fund	128.20	12/31/2008	1.71	-41.19	85	%	-8.80	37	%	-2.38	66	%	4.93	42	%	4/25/1997	5.12	4/25/1997	62	%	5.75	-44.57	-10.58	-3.53	4.31	4.59
Lipper Fund Ranking / Total Funds in Category					657 / 779			227 / 620			320 / 491			93 / 222					21 / 33
Small Cap Growth Funds
RiverSource Partners Small Cap Growth Fund (2)	96.30	12/31/2008	1.79	-43.43	63	%	-11.26	48	%	-5.19	72	%				1/24/2001	-5.25	1/24/2001	71	%	5.75	-46.68	-12.99	-6.31		-5.96
Lipper Fund Ranking / Total Funds in Category					375 / 603			243 / 507			289 / 406								214 / 301
Seligman Frontier Fund	35.40	12/31/2008	1.90	-42.31	52	%	-9.64	29	%	-4.33	57	%	-3.36	89	%	12/10/1984	7.60	12/31/1984	67	%	5.75	-45.63	-11.41	-5.45	-3.93	7.33
Lipper Fund Ranking / Total Funds in Category					312 / 603			145 / 507			228 / 406			180 / 202					6 / 8
Small Cap Value Funds
RiverSource Disciplined Small Cap Value Fund	44.10	12/31/2008	1.59	-30.56	39	%										2/16/2006	-14.49	2/16/2006	70	%	5.75	-34.55				-16.24
Lipper Fund Ranking / Total Funds in Category					124 / 321														188 / 271

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

(1)  Since inception returns 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.

37

Fixed Income Fund Performance & Lipper Ranking

As of December 31, 2008

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.

				Rankings and Annualized Returns at NAV (1)																	Annualized Returns @ POP (1)
	Total Net	Total Net	Total													Fund	Since				Max. Front
	Assets	Assets	Expense	1 year			3 years			5 years			10 years			Inception	Inception	Ranking Since			Sales					Since
Class A Shares by Lipper Category	(Mil $)	Date	Ratio	Return	Ranking		Return	Ranking		Return	Ranking		Return	Ranking		Date	Return	Date	Ranking		Charge	1 year	3 years	5 years	10 years	Inception
Taxable Funds
Emerging Markets Debt Funds
RiverSource Emerging Markets Bond Fund	183.40	12/31/2008	1.41	-19.57	68	%										2/16/2006	-2.86	2/16/2006	63	%	4.75	-23.39				-4.49
Lipper Fund Ranking / Total Funds in Category					56 / 82														36 / 57
Flexible Portfolio Funds
RiverSource Absolute Return Currency & Income Fund	693.10	12/31/2008	1.39	1.07	3	%										6/15/2006	4.47	6/15/2006	8	%	3	-1.96				3.22
Lipper Fund Ranking / Total Funds in Category					4 / 169														9 / 117
General U.S. Government Funds
Seligman U.S. Government Securities Fund	84.60	12/31/2008	1.38	8.75	19	%	5.70	35	%	3.60	62	%	4.30	64	%	3/11/1985	6.73	3/31/1985	50	%	4.5	3.86	4.09	2.65	3.82	6.53
Lipper Fund Ranking / Total Funds in Category					30 / 159			50 / 146			77 / 124			47 / 73					5 / 9
Global Income Funds
RiverSource Global Bond Fund	575.00	12/31/2008	1.32	-1.08	40	%	4.35	37	%	3.42	49	%	4.30	54	%	3/20/1989	6.99	3/31/1989	38	%	4.75	-5.77	2.67	2.42	3.79	6.73
Lipper Fund Ranking / Total Funds in Category					48 / 122			36 / 98			44 / 89			30 / 55					3 / 7
High Current Yield Funds
RiverSource High Yield Bond Fund	895.60	12/31/2008	1.13	-24.58	47	%	-5.18	42	%	-0.11	20	%	1.58	49	%	12/8/1983	6.53	12/31/1983	46	%	4.75	-28.16	-6.71	-1.08	1.09	6.32
Lipper Fund Ranking / Total Funds in Category					218 / 468			164 / 398			65 / 335			98 / 202					10 / 21
RiverSource Income Opportunities Fund	205.00	12/31/2008	1.17	-19.57	13	%	-3.57	14	%	0.52	9	%				6/19/2003	1.69	6/19/2003	14	%	4.75	-23.39	-5.12	-0.46		0.80
Lipper Fund Ranking / Total Funds in Category					58 / 468			53 / 398			27 / 335								44 / 326
Seligman High Yield Fund	134.50	12/31/2008	1.38	-32.21	90	%	-9.14	91	%	-4.00	95	%	-3.33	96	%	3/11/1985	5.08	3/31/1985	81	%	4.5	-35.26	-10.52	-4.88	-3.78	4.88
Lipper Fund Ranking / Total Funds in Category					420 / 468			362 / 398			319 / 335			194 / 202					21 / 25
Intermediate Investment Grade Debt Funds
RiverSource Diversified Bond Fund	3,228.50	12/31/2008	0.95	-6.43	66	%	1.18	60	%	2.00	58	%	3.41	79	%	10/3/1974	8.57	10/31/1974	25	%	4.75	-10.87	-0.44	1.02	2.91	8.41
Lipper Fund Ranking / Total Funds in Category					377 / 571			277 / 467			227 / 394			158 / 199					1 / 3
Seligman Core Fixed Income Fund	19.50	12/31/2008	2.00	-3.42	52	%	1.50	56	%	1.55	66	%				10/1/2001	2.73	10/1/2001	69	%	4.5	-7.77	-0.04	0.62		2.08
Lipper Fund Ranking / Total Funds in Category					293 / 571			259 / 467			260 / 394								219 / 320
Loan Participation Funds
RiverSource Floating Rate Fund	273.50	12/31/2008	1.09	-30.44	65	%										2/16/2006	-9.55	2/16/2006	47	%	3	-32.52				-10.51
Lipper Fund Ranking / Total Funds in Category					53 / 81														25 / 53
Mixed-Asset Target Allocation Conservative Funds
RiverSource Income Builder Basic Income Fund	235.20	12/31/2008	1.06	-14.88	32	%										2/16/2006	-1.16	2/16/2006	24	%	4.75	-18.92				-2.82
Lipper Fund Ranking / Total Funds in Category					135 / 431														79 / 336
RiverSource Income Builder Moderate Income Fund	413.40	12/31/2008	1.09	-19.01	63	%										2/16/2006	-2.62	2/16/2006	50	%	4.75	-22.86				-4.26
Lipper Fund Ranking / Total Funds in Category					270 / 431														167 / 336
RiverSource Income Builder Enhanced Income Fund	198.80	12/31/2008	1.18	-21.28	76	%										2/16/2006	-3.60	2/16/2006	66	%	4.75	-25.02				-5.22
Lipper Fund Ranking / Total Funds in Category					326 / 431														221 / 336
Multi-Sector Income Funds
RiverSource Strategic Income Allocation Fund	149.60	12/31/2008	1.13	-14.62	56	%										5/17/2007	-8.85	5/17/2007	60	%	4.75	-18.68				-11.54
Lipper Fund Ranking / Total Funds in Category					84 / 151														81 / 134
Short-Intermediate Investment Grade Debt Funds
RiverSource Limited Duration Bond Fund	163.70	12/31/2008	1.08	-6.04	73	%	0.85	73	%	1.46	66	%				6/19/2003	1.25	6/19/2003	68	%	3	-8.86	-0.17	0.84		0.69
Lipper Fund Ranking / Total Funds in Category					108 / 147			98 / 134			83 / 126								81 / 119
Short U.S. Government Funds
RiverSource Short Duration U.S. Government Fund	768.10	12/31/2008	1.04	-1.53	85	%	2.52	85	%	1.94	86	%	3.03	86	%	8/19/1985	5.88	8/31/1985	17	%	3	-4.48	1.49	1.32	2.71	5.75
Lipper Fund Ranking / Total Funds in Category					74 / 87			71 / 83			66 / 76			46 / 53					1 / 5
Treasury Inflation Protected Securities Funds
RiverSource Inflation Protected Securities Fund	763.20	12/31/2008	0.93	-0.72	14	%	3.27	18	%							3/4/2004	3.27	3/4/2004	23	%	3	-3.70	2.22			2.62
Lipper Fund Ranking / Total Funds in Category					18 / 133			19 / 108											13 / 57
U.S. Mortgage Funds
RiverSource U.S. Government Mortgage Fund	351.30	12/31/2008	1.09	-3.14	74	%	2.01	65	%	2.46	64	%				2/14/2002	3.24	2/14/2002	59	%	4.75	-7.75	0.37	1.47		2.52
Lipper Fund Ranking / Total Funds in Category					66 / 89			53 / 81			50 / 78								41 / 69
Tax-Exempt Funds
California Municipal Debt Funds
RiverSource California Tax-Exempt Fund	155.90	12/31/2008	0.87	-7.35	35	%	-0.71	40	%	1.20	32	%	2.83	37	%	8/18/1986	5.05	8/31/1986	80	%	4.75	-11.75	-2.30	0.22	2.33	4.82
Lipper Fund Ranking / Total Funds in Category					41 / 119			42 / 106			32 / 101			26 / 71					16 / 19
Seligman Municipal California High-Yield Fund	33.60	12/31/2008	0.95	-4.63	8	%	1.05	3	%	2.38	1	%	3.64	5	%	11/20/1984	6.81	11/30/1984	9	%	4.5	-8.92	-0.49	1.44	3.16	6.60
Lipper Fund Ranking / Total Funds in Category					9 / 119			3 / 106			1 / 101			3 / 71					1 / 11
Seligman Municipal California Quality Fund	39.50	12/31/2008	0.92	-2.67	3	%	1.11	2	%	2.11	3	%	3.49	13	%	11/20/1984	6.64	11/30/1984	34	%	4.5	-7.05	-0.43	1.17	3.01	6.44
Lipper Fund Ranking / Total Funds in Category					3 / 119			2 / 106			3 / 101			9 / 71					4 / 11
Colorado Municipal Debt Funds
Seligman Municipal Colorado Fund	30.20	12/31/2008	0.94	-0.02	10	%	2.35	10	%	2.82	10	%	3.93	12	%	5/1/1986	5.45	5/31/1986	50	%	4.5	-4.52	0.79	1.88	3.45	5.24
Lipper Fund Ranking / Total Funds in Category					2 / 21			2 / 20			2 / 20			2 / 16					1 / 1
Florida Municipal Debt Funds
Seligman Municipal Florida Fund	20.30	12/31/2008	1.14	-3.58	5	%	0.86	10	%	1.69	19	%	3.42	16	%	11/17/1986	5.54	11/30/1986	50	%	4.5	-7.92	-0.68	0.76	2.94	5.32
Lipper Fund Ranking / Total Funds in Category					1 / 23			2 / 21			4 / 21			3 / 18					1 / 1
General Municipal Debt Funds
RiverSource Tax-Exempt High Income Fund	2,119.30	12/31/2008	1.13	-9.62	66	%	-1.53	67	%	0.36	68	%	2.48	55	%	5/7/1979	6.08	5/31/1979	53	%	4.75	-13.91	-3.11	-0.62	1.98	5.90
Lipper Fund Ranking / Total Funds in Category					149 / 228			140 / 208			135 / 199			80 / 146					11 / 20
RiverSource Tax-Exempt Bond Fund	624.60	12/31/2008	0.94	-6.74	42	%	-0.40	45	%	1.06	50	%	2.82	39	%	11/24/1976	5.47	11/30/1976	63	%	4.75	-11.17	-2.01	0.08	2.32	5.31
Lipper Fund Ranking / Total Funds in Category					94 / 228			93 / 208			99 / 199			57 / 146					5 / 7
Seligman Municipal National Fund	61.60	12/31/2008	0.90	-3.21	20	%	1.23	15	%	2.01	17	%	3.15	29	%	12/30/1983	6.78	12/31/1983	35	%	4.5	-7.57	-0.31	1.07	2.67	6.58
Lipper Fund Ranking / Total Funds in Category					45 / 228			30 / 208			34 / 199			42 / 146					11 / 31
Georgia Municipal Debt Funds
Seligman Municipal Georgia Fund	22.10	12/31/2008	0.94	-6.25	50	%	-0.19	50	%	0.82	60	%	2.74	59	%	6/15/1987	5.40	6/30/1987	67	%	4.5	-10.47	-1.71	-0.10	2.26	5.18
Lipper Fund Ranking / Total Funds in Category					11 / 21			10 / 19			12 / 19			10 / 16					2 / 2
Intermediate Municipal Debt Funds
RiverSource Intermediate Tax-Exempt Fund	80.30	12/31/2008	0.95	-2.76	64	%	0.92	73	%	1.41	73	%	3.07	73	%	11/13/1996	3.41	11/14/1996	80	%	3	-5.68	-0.10	0.79	2.76	3.15
Lipper Fund Ranking / Total Funds in Category					102 / 160			108 / 148			94 / 128			55 / 75					55 / 68
Massachusetts Municipal Debt Funds
Seligman Municipal Massachusetts Fund	58.10	12/31/2008	0.89	1.48	3	%	2.73	3	%	2.61	9	%	3.97	10	%	12/30/1983	6.68	12/31/1983	67	%	4.5	-3.09	1.17	1.66	3.49	6.48
Lipper Fund Ranking / Total Funds in Category					1 / 41			1 / 37			3 / 36			3 / 30					2 / 2
Maryland Municipal Debt Funds
Seligman Municipal Maryland Fund	32.40	12/31/2008	0.94	-0.63	18	%	2.15	10	%	2.68	4	%	3.60	14	%	10/1/1985	5.95	10/31/1985	34	%	4.5	-5.10	0.59	1.74	3.12	5.74
Lipper Fund Ranking / Total Funds in Category					6 / 33			3 / 29			1 / 28			3 / 21					1 / 2
Michigan Municipal Debt Funds
Seligman Municipal Michigan Fund	66.50	12/31/2008	0.87	-2.45	9	%	1.18	12	%	1.78	34	%	3.47	24	%	7/18/1984	6.77	7/31/1984	50	%	4.5	-6.84	-0.36	0.85	2.99	6.57
Lipper Fund Ranking / Total Funds in Category					2 / 22			2 / 17			6 / 17			4 / 16					1 / 1
Minnesota Municipal Debt Funds
RiverSource Minnesota Tax-Exempt Fund	284.20	12/31/2008	0.99	-4.52	34	%	0.43	27	%	1.43	42	%	3.06	32	%	8/18/1986	5.27	8/31/1986	80	%	4.75	-9.05	-1.18	0.45	2.56	5.04
Lipper Fund Ranking / Total Funds in Category					14 / 41			10 / 37			15 / 35			9 / 28					4 / 4
Seligman Municipal Minnesota Fund	66.10	12/31/2008	0.88	1.05	3	%	2.51	3	%	2.51	6	%	3.65	14	%	12/30/1983	6.27	12/31/1983	50	%	4.5	-3.50	0.95	1.57	3.18	6.07
Lipper Fund Ranking / Total Funds in Category					1 / 41			1 / 37			2 / 35			4 / 28					1 / 1
Missouri Municipal Debt Funds
Seligman Municipal Missouri Fund	25.20	12/31/2008	0.94	-1.81	6	%	1.60	7	%	2.13	14	%	3.61	16	%	7/1/1986	5.68	7/31/1986	50	%	4.5	-6.23	0.05	1.19	3.14	5.46
Lipper Fund Ranking / Total Funds in Category					1 / 16			1 / 14			2 / 14			2 / 12					1 / 1
North Carolina Municipal Debt Funds
Seligman Municipal North Carolina Fund	13.10	12/31/2008	1.29	2.79	4	%	2.94	4	%	2.69	5	%	3.74	5	%	8/27/1990	5.41	8/31/1990	20	%	4.5	-1.83	1.37	1.75	3.26	5.15
Lipper Fund Ranking / Total Funds in Category					1 / 28			1 / 24			1 / 22			1 / 20					1 / 4
New Jersey Municipal Debt Funds
Seligman Municipal New Jersey Fund	26.30	12/31/2008	1.17	-5.72	35	%	0.15	40	%	1.24	60	%	2.94	47	%	2/16/1988	5.28	2/29/1988	80	%	4.5	-9.96	-1.37	0.31	2.46	5.05
Lipper Fund Ranking / Total Funds in Category					16 / 45			15 / 37			22 / 36			15 / 31					4 / 4
New York Municipal Debt Funds
RiverSource New York Tax-Exempt Fund	49.80	12/31/2008	1.12	-6.47	47	%	-0.18	53	%	1.12	53	%	2.87	45	%	8/18/1986	4.99	8/31/1986	83	%	4.75	-10.91	-1.78	0.14	2.37	4.76
Lipper Fund Ranking / Total Funds in Category					46 / 98			49 / 93			49 / 93			31 / 69					14 / 16
Seligman Municipal New York Fund	67.10	12/31/2008	0.85	-0.55	4	%	2.21	5	%	2.58	2	%	3.88	5	%	12/30/1983	6.91	12/31/1983	40	%	4.5	-5.02	0.65	1.64	3.40	6.71
Lipper Fund Ranking / Total Funds in Category					3 / 98			4 / 93			1 / 93			3 / 69					2 / 4
Ohio Municipal Debt Funds
Seligman Municipal Ohio Fund	83.00	12/31/2008	0.86	0.71	9	%	2.49	10	%	2.56	13	%	3.71	15	%	12/30/1983	6.67	12/31/1983	50	%	4.5	-3.82	0.93	1.62	3.23	6.47
Lipper Fund Ranking / Total Funds in Category					3 / 36			3 / 31			4 / 31			4 / 27					1 / 1
Other States Municipal Debt Funds
Seligman Municipal Louisianna Fund	24.20	12/31/2008	0.94	-4.37	29	%	0.82	27	%	1.63	34	%	3.23	29	%	10/1/1985	6.15	10/31/1985	34	%	4.5	-8.68	-0.72	0.70	2.76	5.94
Lipper Fund Ranking / Total Funds in Category					43 / 148			36 / 133			45 / 133			33 / 114					2 / 5
Seligman Municipal Oregon Fund	44.50	12/31/2008	0.90	-1.25	9	%	1.95	9	%	2.48	7	%	3.72	8	%	10/15/1986	5.54	10/31/1986	38	%	4.5	-5.70	0.40	1.54	3.24	5.32
Lipper Fund Ranking / Total Funds in Category					12 / 148			12 / 133			9 / 133			9 / 114					3 / 7
Seligman Municipal South Carolina Fund	58.40	12/31/2008	0.87	-4.55	32	%	0.63	36	%	1.88	22	%	3.43	17	%	6/30/1987	5.71	6/30/1987	37	%	4.5	-8.85	-0.90	0.94	2.96	5.48
Lipper Fund Ranking / Total Funds in Category					47 / 148			47 / 133			29 / 133			19 / 114					4 / 10
Pennsylvania Municipal Debt Funds
Seligman Municipal Pennsylvania Fund	13.70	12/31/2008	1.35	0.10	2	%	1.88	11	%	2.07	9	%	3.39	14	%	7/15/1986	5.86	7/31/1986	50	%	4.5	-4.41	0.32	1.13	2.92	5.64
Lipper Fund Ranking / Total Funds in Category					1 / 56			5 / 48			4 / 48			6 / 45					2 / 3

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

38

Ameriprise Financial, Inc.

Fund Performance & Lipper Ranking

As of December 31, 2008

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.

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

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

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

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

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

Investments in Real Estate Securities may be subject to specific risks, such as risks to general and local economic conditions, and risks to individual properties.

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

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

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

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

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

39

Important Disclosures - continued

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

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

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

Fund returns for Seligman Capital Fund prior to September 26, 2002 do not reflect the increased management fee effective on such date. This fee, if reflected, would reduce the performance data quoted for the Fund for such periods. Seligman is waiving all or part of its investment management fee and/or reimbursing Fund expenses for Seligman California High-Yield Municipal Fund, Seligman Florida Municipal Fund, Seligman Frontier Fund, Seligman Core Fixed Income Fund, Seligman LaSalle Global Real Estate Fund, Seligman LaSalle Monthly Dividend Real Estate Fund, Seligman Emerging Markets Fund, Seligman Global Growth Fund, Seligman International Growth Fund, Seligman TargETFund Core, Seligman TargETFund 2015, Seligman TargETFund 2026, Seligman TargETFund 2035, Seligman TargETFund 2045, Seligman Asset Allocation Aggressive Growth Fund, Seligman Asset Allocation Growth Fund, Seligman Asset Allocation Moderate Growth Fund, Seligman Asset Allocation Balanced Fund. In addition, from time to time, Seligman has reimbursed expenses or waived investment management fees of other Seligman Mutual Funds. Seligman may implement or discontinue voluntary expense reimbursements or fee waivers at any time. Absent such reimbursement/waivers, returns would have been lower.

Dividends paid by Seligman LaSalle Monthly Dividend Real Estate Fund generally will be taxable as ordinary income. It is expected that income dividends paid by the Fund generally will not be eligible for the reduction in dividend tax rates set forth in the jobs and Growth Tax Relief Reconciliation Act of 2003.

The four funds within the Seligman Asset Allocation Series and Seligman TargetHorizon ETF Portfolios SM Invest in the Seligman Mutual Funds (Underlying Seligman Funds) and exchange traded funds (ETFs), respectively, to implement their unique asset allocation strategies. Investments in the underlying Seligman Funds or ETFs involve risk, including the risk of loss of principal. An investor to a Fund within the Seligman Asset Allocation Series or Seligman TargetHorizon ETF Portfolios SM will indirectly bear the operating expenses of the Underlying Seligman Funds or ETFs, as applicable, in which the Fund invests. Thus, the expenses borne by the investor will be higher than it he or she invested directly in the Underlying Seligman Funds or ETFs, and the returns may therefore be lower.

The Funds listed have are actively managed and their holdings are subject to change. There can be no assurance that the securities set forth in the links below have remained or will remain in a Fund’s portfolio. Information regarding a Fund’s portfolio holdings should not be construed as a recommendation to buy or sell any security or as an indication that any security is suitable for a particular investor. Monthly portfolio holdings information does not represent an entire portfolio and, in the aggregate, may only represent a small portion of a Fund’s total holdings. It should not be assumed that any of the securities, transactions or holdings listed in the links below were or will be profitable.

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

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.

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

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

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

RiverSource Investments employs Threadneedle® as a subadvisor. Threadneedle mutual funds are distributed by RiverSource Distributors, Inc. Member FINRA. These companies are part of Ameriprise Financial, Inc.

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

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

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

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

These companies, including Securities America, Inc., Member FINRA, are all affiliated with Ameriprise Financial, Inc.

40

Exhibit B

Statistical Supplement Package

(unaudited)

Fourth Quarter 2008

Reconciliation Tables

41

Ameriprise Financial, Inc.

Return on Equity Calculation (1)

Fourth Quarter 2008

	Return on Equity Calculation for the Twelve Months Ended
(in millions, unaudited)	December 31, 2007			March 31, 2008			June 30, 2008			September 30, 2008			December 31, 2008
Return	$	814		$	840		$	854		$	586		$	(38	)
Equity	$	7,765		$	7,696		$	7,613		$	7,436		$	7,123
Return on Equity	10.5		%	10.9		%	11.2		%	7.9		%	(0.5		)%

(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.

42

Exhibit C

Statistical Supplement Package

(unaudited)

Fourth Quarter 2008

Disclosed Items

43

Ameriprise Financial, Inc.

Disclosed Items

Fourth Quarter 2008

	Advice & Wealth Management						Asset Management										Annuities									Protection						Corporate
				Restructuring &								Gain on		Restructuring &									Market						Market								Restructuring &
	Securities			Integration			Securities					Sale of Operating		Integration			Securities			VA Guarantee			Impacts			Securities			Impacts			Securities			Hybrid Debt		Integration
(in millions, unaudited)	Losses (1)			Charges (7)			Losses (1)		EITF 04-5 (2)			Assets (3)		Charges (7)			Losses (1)			Impact (4)			to DAC (6)			Losses (1)			to DAC (6)			Losses (1)			Repurchase (6)		Charges (7)			Consolidated
Revenues
Management and financial advice fees	$	—		$	—		$	—	$	—		$	—	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—	$	—		$	—
Distribution fees	—			—			—		—			—		—			—			—			—			—			—			—			—		—			—
Net investment income	(194		)	—			1		—			—		—			(169		)	—			—			(44		)	—			(14		)	—		—			(420		)
Premiums	—			—			—		—			—		—			—			—			—			—			—			—			—		—			—
Other revenues	—			—			—		(27		)	36		—			—			—			—			—			—			—			19		—			28
Total revenues	(194		)	—			1		(27		)	36		—			(169		)	—			—			(44		)	—			(14		)	19		—			(392		)
Banking and deposit interest expense	—			—			—		—			—		—			—			—			—			—			—			—			—		—			—
Total net revenues	(194		)	—			1		(27		)	36		—			(169		)	—			—			(44		)	—			(14		)	19		—			(392		)
Expenses
Distribution expenses	—			—			—		—			—		—			—			—			—			—			—			—			—		—			—
Interest credited to fixed accounts	—			—			—		—			—		—			—			—			—			—			—			—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—		—			—		—			—			(7		)	32			—			—			—			—		—			25
Amortization of deferred acquisition costs	—			—			—		—			—		—			—			95			171			—			49			—			—		—			315
Interest and debt expense	—			—			—		—			—		—			—			—			—			—			—			—			—		—			—
General and administrative expense	—			12			—		(27		)	—		5			—			—			—			—			—			—			—		62			52
Total expenses	—			12			—		(27		)	—		5			—			88			203			—			49			—			—		62			392
Pretax income	$	(194	)	$	(12	)	$	1	$	—		$	36	$	(5	)	$	(169	)	$	(88	)	$	(203	)	$	(44	)	$	(49	)	$	(14	)	$	19	$	(62	)	$	(784	)

(1)	Pretax net realized investment losses, includes:
	Net realized gains and losses on Available-for-Sale securities, increase in reserves on bank loans and the fair value adjustment on low income housing investments
(2)	In accordance with EITF 04-5, reflects consolidation of property fund limited partnerships managed by Threadneedle and hedge fund partnerships managed by RiverSource
(3)	Gain on sale of operating assets
(4)	Variable annuity guarantee impacts include:
	$82 million net benefit related to variable annuity living benefit hedges
	$41 million increase in DAC Amortization resulting from estimated 50% hedge offset, an immaterial portion of this offset is reflected in Benefits expenses in DSIC
	$66 million write off related to expected reversal of FAS 157 credit spreads
	$63 million increase in death and income benefit expenses due to lower equity market valuations
(5)	Increase in DAC and DSIC amortization related to market
(6)	Gain on repurchase of hybrid securities
(7)	Previously announced integration and restructuring charges

44

Ameriprise Financial, Inc.

Disclosed Items

Third Quarter 2008

	Asset Management			Annuities						Protection
				Valuation Assumption,						Valuation Assumption,
				System Conversion			VA Rider			System Conversion			Consolidated
(in millions, unaudited)	EITF 04-5(2)			and Market(1)			Impact(3)			and Market(1)			Income Tax(4)		Consolidated
Revenues
Management and financial advice fees	$	(1	)	$	—		$	—		$	—		$	—	$	(1	)
Distribution fees	—			—			—			—			—		—
Net investment income	(1		)	—			—			—			—		(1		)
Premiums	—			—			—			2			—		2
Other revenues	(12		)	—			—			95			—		83
Total revenues	(14		)	—			—			97			—		83
Banking and deposit interest expense	—			—			—			—			—		—
Total net revenues	(14		)	—			—			97			—		83
Expenses
Distribution expenses	—			(1		)	—			—			—		(1		)
Interest credited to fixed accounts	—			—			—			—			—		—
Benefits, claims, losses and settlement expenses	—			(41		)	(27		)	(43		)	—		(111		)
Amortization of deferred acquisition costs	—			26			13			94			—		133
Interest and debt expense	—			—			—			—			—		—
General and administrative expense	(14		)	—			—			—			—		(14		)
Total expenses	(14		)	(16		)	(14		)	51			—		7
Pretax income	$	—		$	16		$	14		$	46		$	—	$	76
Income tax benefit													$	14	$	14

(1)Net impact of annual review/updating of valuation assumptions, conversion to new valuation system and market performance

(2)  In accordance with EITF04-5, reflects consolidation of property fund limited partnerships managed by Threadneedle and hedge fund partnerships managed by RiverSource

(3)  Variable annuity riders hedge impact excluding DAC unlocking, including $3 million loss on derivatives related to Lehman Brothers as disclosed in Securities Losses on page 46

(4)  Income Tax impact of finalizing prior period tax returns

45

Ameriprise Financial, Inc.

Unprecedented Credit Market Dislocation Impacts

Third Quarter 2008

	Consolidated
				Costs associated with
	Securities			RiverSource			Unaffiliated Money
(in millions, unaudited)	Losses(1)			2a-7 Fund (2)			Market Fund (3)			Total
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—
Distribution fees	—			—			(12		)	(12		)
Net investment income	—			—			—			—
Realized Losses	(317		)	—			—			(317		)
Other	(5		)	(11		)	—			(16		)
Premiums	—			—			—			—
Other revenues	—						—			—
Total revenues	(322		)	(11		)	(12		)	(345		)
Banking and deposit interest expense	—			—			—			—
Total net revenues	(322		)	(11		)	(12		)	(345		)
Expenses
Distribution expenses	—			—			—			—
Interest credited to fixed accounts	—			—			—			—
Benefits, claims, losses and settlement expenses	5			—			—			5
Amortization of deferred acquisition costs	—			—			—			—
Interest and debt expense	—			—			—			—
General and administrative expense	—			77			36			113
Total expenses	5			77			36			118
Pretax income (loss)	$	(327	)	$	(88	)	$	(48	)	$	(463	)
Tax Effected at 35%	$	(213	)	$	(57	)	$	(31	)	$	(301	)

(1) Credit market losses, as detailed in our Q3 2008 earnings release

(2) Expenses to support $1 Net Asset Value of RiverSource money market funds that held Lehman Brothers commercial paper

(3) Expenses related to unaffiliated money market funds, including client support and write-offs of related receivables

46

Ameriprise Financial, Inc.

Disclosed  Items

Fourth Quarter 2007

	A&WM			Asset Management					Annuities							Protection										Corporate
(in millions, unaudited)	Increased Reserves (1)			Wachovia (2)		EITF 04-5 (3)			VIE (4)		DAC/DSIC (5)			Investment Gains (6)		Investment Gains (6)		Increased Reserves (1)			DAC/DSIC (5)			VIE (4)		Increased Reserves (1)			Consolidated
Revenues
Management and financial advice fees	$	—		$	—	$	(1	)	$	—	$	—		$	—	$	—	$	—		$	—		$	—	$	—		$	(1	)
Distribution fees	—			—					—		—			—		—		—			—			—		—			—
Net investment income	—			—		1			—		—			15		3		—			—			—		—			19
Premiums	—			—		—			—		—			—		—		—			—			—		—			—
Other revenues	—			25		(30		)	49		—			—		—		—			—			19		—			63
Total revenues	—			25		(30		)	49		—			15		3		—			—			19		—			81
Banking and deposit interest expense	—			—		—			—		—			—		—		—			—			—		—			—
Total net revenues	—			25		(30		)	49		—			15		3		—			—			19		—			81
Expenses
Distribution expenses	—			—		—			—		—			—		—		—			—			—		—			—
Interest credited to fixed accounts	—			—		—			—		—			—		—		—			—			—		—			—
Benefits, claims, losses and settlement expenses	—			—		—			—		—			—		—		—			—			—		—			—
Amortization of deferred acquisition costs	—			—		—			—		7			—		—		—			1			—		—			8
Interest and debt expense	—			—		—			—		—			—		—		—			—			—		—			—
General and administrative expense	21			—		(30		)	—		—			—		—		5			—			—		14			10
Total expenses	21			—		(30		)	—		7			—		—		5			1			—		14			18
Pretax income	$	(21	)	$	25	$	—		$	49	$	(7	)	$	15	$	3	$	(5	)	$	(1	)	$	19	$	(14	)	$	63

(1)       Increased reserves related to legal and regulatory and other contingencies

(2)       Additional proceeds from the 2006 sale of our defined contribution recordkeeping business

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

(4)       Additional gains associated with the deconsolidation of a variable interest entity

(5)       Market impact on DAC and DSIC

(6)       Pretax realized net investment gains and (losses)

47

Exhibit D

Statistical Supplement Package

(unaudited)

Fourth Quarter 2008

Prior Statistical Supplement Reconciliation Tables

48

Ameriprise Financial, Inc.

Reconciliation of Adjustments Affecting Historical Statistical Supplement Presentations

(in millions unless otherwise noted, unaudited)	4 Qtr 2007			1 Qtr 2008			2 Qtr 2008			3 Qtr 2008
Domestic Managed Assets (1)
Balances - as previously reported
Managed assets - external clients	$	224,070		$	207,119		$	201,021		$	168,232
Domestic managed assets	157,865			148,637			144,951			130,745
Domestic net flows	$	(2,236	)	$	(2,592	)	$	(2,460	)	$	(5,332	)
Balances - current presentation
Managed assets - external clients	$	222,484		$	205,504		$	199,273		$	166,227
Domestic managed assets	156,279			147,022			143,203			128,740
Domestic net flows	$	(2,220	)	$	(2,621	)	$	(2,593	)	$	(5,589	)
Advisor Retention (2)
Employee - as previously reported	58.9		%	59.1		%	59.6		%	60.6		%
Employee - current presentation	62.3		%	60.8		%	62.0		%	62.8		%

(1)     Prior period balances were restated to remove cash balances where fees were not earned.  See pages 13 and 15.

(2)     Change in calculation to align metric.  See page 11.

49