8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)  October 21, 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 Center Minneapolis, Minnesota		55474
(Address of principal executive offices)		(Zip Code)

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

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

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

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

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

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

Item 2.02     Results of Operations and Financial Conditions.

On October 21, 2009, Ameriprise Financial, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter of 2009.  A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference and furnished herewith. In addition, the Company furnishes herewith, as Exhibit 99.2, its Statistical Supplement for the quarterly period ended September 30, 2009.

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 charges. Our non-GAAP financial measures, which our management views as important indicators of financial performance, include the following: core operating earnings; core operating earnings, after-tax; net investment (gains)/losses, after-tax; integration charges, after-tax; DAC and DSIC charges, after-tax; variable annuity guarantees, net of DAC and DSIC, after-tax; RiverSource 2a-7 money market funds support costs, after-tax; expenses related to unaffiliated money market funds, after-tax; debt retirement costs, after-tax; pretax segment income (loss) margin; pretax return on allocated equity; pretax return on allocated equity for pretax segment income (loss) excluding net income (loss) attributable to noncontrolling interests; pretax income (loss) margin; net income (loss) attributable to Ameriprise Financial margin; 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 2009 and 2008 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 Sarl, consolidated in accordance with Emerging Issues Task Force Issue No. 04-5, “Determining whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights.” Management believes that the debt to capital ratios, excluding this non-recourse debt, better represent our capital structure.  In addition, we provide debt to capital ratio information that reflects an equity credit on our junior subordinated notes issued on May 26, 2006. These junior subordinated notes receive at least a 75% equity credit by the majority of the rating agencies.

Item 9.01     Financial Statements and Exhibits.

(d)  Exhibits.

Exhibit No.	Description
Exhibit 99.1	Press Release dated October 21, 2009 announcing financial results for the third quarter of 2009
Exhibit 99.2	Statistical Supplement for the quarterly period ended September 30, 2009

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SIGNATURES

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

	AMERIPRISE FINANCIAL, INC.
	(Registrant)
Date: October 21, 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

Third Quarter 2009 Results

Net income was $260 million for the quarter
compared to a net loss in the prior year

Core operating earnings increased 7 percent to $268 million

Company maintains strong capital flexibility

MINNEAPOLIS – October 21, 2009 – Ameriprise Financial, Inc. (NYSE: AMP) today reported net income of $260 million for the third quarter of 2009, compared to a net loss of $70 million for the third quarter of 2008. Earnings per share for the third quarter of 2009 were $1.00, compared to a loss of $0.32 a year ago.

Core operating earnings were $268 million in the third quarter of 2009, compared to $251 million a year ago, a 7 percent increase (see summary table on page 2). Core operating earnings per share declined to $1.03 in the third quarter of 2009 from $1.13 a year ago. Excluding 36 million shares the company issued to pre-fund its acquisition, core operating earnings per share were $1.19, up 5 percent from the prior year.

Core operating earnings reflect lower equity markets and the cost of maintaining high liquidity levels, substantially offset by growth in spread products and re-engineering benefits. In addition, year-over-year growth reflects a net $0.02 per share benefit from favorable adjustments from updating valuation assumptions (unlocking) in both periods.

Net revenues increased 20 percent to $2.0 billion in the third quarter of 2009, compared to $1.6 billion in the third quarter of 2008. Revenue growth reflects the year-over-year improvement in net investment income, primarily driven by net investment losses in the prior year.

The company continues to achieve re-engineering expense savings. During the quarter, the company recognized approximately $120 million in re-engineering benefits and is on pace to exceed $350 million in re-engineering expense benefits for full-year 2009.

As of September 30, 2009, the company’s excess capital position was more than $2 billion, including $1 billion from the company’s decision to pre-fund its acquisition. As of September 30, 2009, the company had $0.8 billion in net unrealized investment gains, reflecting the quality and diversity of its investment portfolio. Book value per share increased to $34.97.

“As our results demonstrate, we’re beginning to see a return of the earnings power inherent in our diversified model,” said Jim Cracchiolo, chairman and chief executive officer. “The fundamentals of our business are improving slowly but steadily, with new client growth and improved asset levels and product flows. This increasing business momentum, along with our continued focus on delivering re-engineering savings to the bottom line, provides important earnings leverage for the future.

“We also expect meaningful contributions from our pending acquisition of Columbia Management’s long-term asset management business. As we work through the initial phases of our integration planning, we remain confident that the acquisition will fit well with our culture, and that we will be able to generate the financial benefits that we have projected.”

Third Quarter 2009 Summary

Management believes the exclusion of certain after-tax impacts, such as realized net investment gains/losses, non-recurring integration costs and other market impacts listed below best reflects the underlying performance of the business. For the non-GAAP presentation of after-tax amounts, the tax effect is calculated using the statutory tax rate of 35 percent.

Ameriprise Financial, Inc.
Third Quarter Summary

							%		Per Diluted Share						%
(in millions, unaudited)	2009			2008			Change		2009			2008			Change
Net income (loss) attributable to Ameriprise Financial	$	260		$	(70	)	NM		$	1.00		$	(0.32	)(2)	NM
Add: After-tax impacts:(1)
Investment (gains)/losses	(9		)	213			NM		(0.03		)	0.96			NM
Integration charges	21			—			NM		0.08			—			NM
Other market impacts:
DAC and DSIC (benefits) / charges [mean reversion]	(18		)	29			NM		(0.07		)	0.13			NM
Variable annuity guarantees, net of DAC and DSIC	(1		)	(9		)	89	%	—			(0.04		)	NM
RiverSource 2a-7 money market funds support costs	7			57			(88	)	0.02			0.26			(92	)%
Expenses related to unaffiliated money market funds	—			31			NM		—			0.14			NM
Debt retirement costs	8			—			NM		0.03			—			NM
Core operating earnings, after-tax	$	268		$	251		7	%	$	1.03		$	1.13		(9	)%
Core operating earnings per share, after-tax, excluding 36 million shares issued to pre-fund the company’s acquisition									$	1.19
Weighted average common shares outstanding:
Basic	258.7			219.1
Diluted	260.7			221.7

NMNot 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 items are excluded from core operating earnings in the third quarter of 2009. Each impact is presented after tax.

·$9 million benefit, or $0.03 per share, in net realized investment gains, comprising $36 million in realized investment gains, partially offset by $27 million in realized investment losses and other-than-temporary impairments on corporate bonds and previously impaired non-agency residential mortgage-backed securities, as well as reserves for commercial mortgage loans.

·$21 million expense, or $0.08 per share, comprising $18 million in integration costs from 2008 acquisitions and $3 million associated with the company’s agreement to acquire the long-term asset management business of Columbia Management.

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·$18 million benefit, or $0.07 per share, from lower deferred acquisition costs (DAC) and deferred sales inducement costs (DSIC) amortization due to favorable market conditions in the quarter.

·$1 million benefit from variable annuity guarantees, consisting of:

·$17 million expense, or $0.07 per share, net of DAC and DSIC, resulting from the impact of the credit default spread on the SFAS 157 valuation of living benefit liabilities.

·$18 million benefit, or $0.07 per share, net of DAC and DSIC, from living benefit guarantees and the favorable impact of equity market appreciation on death benefits.

·$7 million expense, or $0.02 per share, in RiverSource 2a-7 money market fund support costs.

·$8 million expense, or $0.03 per share, related to the early retirement of $450 million of the company’s notes due in 2010.

Core operating earnings for the third quarter of 2009 included an $87 million, or $0.33 per share, after-tax unlocking benefit from updating valuation assumptions, compared to a $69 million, or $0.31 per share, after-tax unlocking benefit in the prior year from updating valuation assumptions and the implementation of a new actuarial valuation system. While the year-over-year change to pretax earnings was $28 million, the benefit was the result of a $162 million year-over-year reduction in revenues combined with a $190 million reduction in expenses.

The third quarter of 2009 also included a $7 million, or $0.03 per share, after-tax reserve related to a previously disclosed client mediation.

In addition, compared to the third quarter of 2008, core operating earnings included estimated negative impacts of $0.18 per share from the market-driven decline in asset-based fees and $0.11 per share from maintaining high liquidity levels and lower cash product spreads.

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Liquidity and Balance Sheet as of September 30, 2009

The company continues to maintain strong balance sheet fundamentals, excess capital and financial flexibility to capture additional growth opportunities.

Conservative capital management

·The company’s excess capital position was more than $2 billion, including $1 billion from the company’s decision to pre-fund its acquisition and expected year end changes to capital requirements for the variable annuity business.

·The company will continue to use enterprise risk management capabilities and product hedging to anticipate and mitigate risk. The variable annuity hedging program continues to perform well.

Substantial liquidity

·Cash and cash equivalents were $3.6 billion, with $1 billion at the holding company level and $2.1 billion in free cash.

·The company continues to generate substantial business and portfolio cash flow and invested $4 billion in long-term investments during the quarter.

High-quality investment portfolio

·The $32.6 billion available-for-sale portfolio is both well diversified and high quality.

·The company reported a net unrealized gain of $0.8 billion, which improved from a net unrealized loss position of $0.6 billion at June 30, 2009.

·The total investment portfolio, including cash and cash equivalents, increased to $40.4 billion from $39.3 billion at June 30, 2009, and remains well positioned. Detailed information about the portfolio is available online at ir.ameriprise.com.

Conservative capital ratios

·The debt-to-total capital ratio was 18.7 percent. The debt-to-total capital ratio excluding non-recourse debt and with 75 percent equity credit for hybrid securities was 14.8 percent.

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Third Quarter 2009 Highlights

·The company announced a definitive agreement to acquire the long-term asset management business of Columbia Management for approximately $1 billion. The transaction is expected to be completed in the spring of 2010. The transaction is expected to be accretive to earnings and ROE within one year, based on Institutional Brokers’ Estimate System (I/B/E/S) estimates just prior to the announcement.

·Total advisors increased 8 percent to 12,314 compared to the third quarter of 2008, reflecting acquisitions, experienced advisor recruiting and continued strong advisor retention rates.

·Owned, managed and administered assets were $440 billion as of September 30, 2009, up 12 percent compared to September 30, 2008, primarily due to strong product flows, bond market appreciation and recent acquisitions, partially offset by the 9 percent decline in the S&P 500 compared to the prior year. On a sequential basis, owned, managed and administered assets grew 11 percent, primarily reflecting equity and bond market appreciation during the quarter and retail net inflows.

·Client activity continued to improve, with solid asset flows across product lines.

·Wrap net inflows of $2.7 billion in the quarter and market appreciation increased total wrap assets to more than $89 billion, a 7 percent increase compared to the prior year.

·Total Asset Management net inflows were $2.3 billion in the quarter, reflecting improved flows at both RiverSource and Threadneedle. Year-to-date 2009 Asset Management net inflows reached $2.2 billion, compared to net outflows of $19.3 billion for the first three quarters of 2008.

·Total annuity net inflows in the quarter were $0.5 billion, resulting almost entirely from variable annuity net inflows.

·The company introduced new product solutions in the quarter, including

·AdvanceSourceSM, an optional rider available on permanent single-life insurance policies to help clients with a life insurance need manage the cost of chronic care services.

·Active Diversified Portfolios, the next generation of Active Portfolios® investments, which provide individuals access to alternative strategies often reserved for institutional investors.

·Life insurance in force was $193 billion as of the end of the third quarter of 2009, which was essentially flat compared to a year ago, consistent with the slow sales environment for the industry. Over the past two quarters, universal life sales have increased steadily, offsetting flat sales in variable universal life.

·Ameriprise Auto & Home premiums increased 6 percent from the prior year, primarily due to growth in policy counts.

·The company generated approximately $120 million in re-engineering expense savings in the quarter, primarily from enhanced operational efficiencies. As of the end of the third quarter, the company generated approximately $290 million in year-to-date re-engineering expense savings and is on pace to exceed $350 million in savings for full-year 2009.

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Ameriprise Financial, Inc.

Consolidated Income Statements

	Quarter Ended September 30,
(in millions, unaudited)	2009			2008			% Change
Revenues
Management and financial advice fees	$	689		$	721		(4	)%
Distribution fees	367			376			(2	)
Net investment income	542			62			NM
Premiums	276			264			5
Other revenues	109			249			(56	)
Total revenues	1,983			1,672			19
Banking and deposit interest expense	33			43			(23	)
Total net revenues	1,950			1,629			20
Expenses
Distribution expenses	466			461			1
Interest credited to fixed accounts	232			200			16
Benefits, claims, losses and settlement expenses	306			196			56
Amortization of deferred acquisition costs	(64		)	240			NM
Interest and debt expense	45			27			67
General and administrative expense	625			681			(8	)
Total expenses	1,610			1,805			(11	)%
Pretax income (loss)	340			(176		)	NM
Income tax provision (benefit)	80			(92		)	NM
Net income (loss)	260			(84		)	NM
Less: Net loss attributable to noncontrolling interest	—			(14		)	NM
Net income (loss) attributable to Ameriprise Financial	$	260		$	(70	)	NM

NMNot Meaningful

Third Quarter 2009 Consolidated Results

The company reported net income of $260 million for the third quarter of 2009, compared to a net loss of $70 million for the third quarter of 2008. Core operating earnings increased $17 million, or 7 percent, to $268 million.

Revenues

Total net revenues increased 20 percent, or $321 million, to $2.0 billion compared to a year ago. Core net revenues declined $38 million, or 2 percent, driven by a $162 million decline in revenues from unlocking, which were more than offset by reduced expenses from unlocking. The impact of lower equity markets on fee revenue was more than offset by increased net investment income from growth in spread products and revenues from recent acquisitions.

Management and financial advice fees declined 4 percent, or $32 million, to $689 million, driven by a 21 percent decline in the daily average S&P 500 on a year-over-year basis, partially offset by net inflows. On a sequential basis, management and financial advice fees increased 14 percent, or $83 million, reflecting equity market appreciation in the quarter, and asset management and advisor-managed wrap account inflows.

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Distribution fees declined 2 percent, or $9 million, to $367 million compared to a year ago, primarily due to lower asset-based fees driven by lower equity markets. On a sequential basis, distribution fees increased 5 percent, or $16 million, reflecting equity market appreciation in the quarter and modest increases in advisor productivity levels.

Net investment income increased to $542 million compared to $62 million in the third quarter of 2008.  Core net investment income increased 34 percent, or $133 million, to $528 million, driven by higher invested assets levels, primarily from spread product net inflows and higher yields on the longer-term investments in the company’s investment portfolio.

Premiums increased 5 percent, or $12 million, to $276 million, primarily due to growth in auto and home premiums compared to the prior year, as the business continues to increase sales through the Ameriprise advisor channel.

Other revenues declined 56 percent, or $140 million, to $109 million, primarily due to a $65 million negative impact from unlocking in the third quarter of 2009, compared to a $95 million benefit from unlocking in the prior year.

Banking and deposit interest expense declined 23 percent, or $10 million, to $33 million, primarily due to lower crediting rates on certificates and deposit products, partially offset by a 17 percent year-over-year increase in on-balance sheet deposits.

Expenses

Expenses declined 11 percent, or $195 million, to $1.6 billion. Core expenses decreased 4 percent, or $74 million, to $1.6 billion. Core expenses included ongoing expenses related to the 2008 acquisitions and higher average crediting rates on fixed accounts, offset by the impact of unlocking and re-engineering and cost controls.

Distribution expenses increased 1 percent, or $5 million, to $466 million, reflecting the company’s 2008 acquisitions, partially offset by lower activity levels.

Interest credited to fixed accounts increased 16 percent, or $32 million, to $232 million, reflecting higher annuity fixed account balances and higher average crediting rates compared to the prior year.

Benefits, claims, losses and settlement expenses increased 56 percent, or $110 million, to $306 million.Core benefits, claims, losses and settlement expenses increased 21 percent, or $45 million, to $258 million, primarily driven by increased auto and home benefits from higher business volumes, higher variable annuity death and living benefit expenses and the impact of unlocking.

Amortization of DAC was a net benefit of $64 million for the third quarter of 2009, compared to a $240 million expense in the prior year. Core expenses in this line were $12 million, a decrease of $176 million compared to the prior year. Unlocking resulted in reduced amortization of $119 million in the third quarter of 2009, compared to additional amortization of $81 million in the prior year.

General and administrative expense decreased 8 percent, or $56 million, to $625 million, compared to a year ago. Excluding an estimated $63 million in ongoing costs from acquisitions, core general and administrative expenses declined 8 percent compared to a year ago, reflecting re-engineering benefits and cost controls.

Taxes

During the third quarter of 2009, the company increased its profit expectation for 2009 and revised its full-year effective tax rate to approximately 22 percent from 20 percent as of June 30, 2009. As a result, the effective tax rate for the third quarter of 2009 was 23.7 percent to reflect the catch-up for the prior quarters.

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Ameriprise Financial, Inc.

Segment Results

	Quarter Ended September 30,
(in millions, unaudited)	2009			2008			% Change
Pretax income (loss) attributable to Ameriprise Financial
Advice & Wealth Management	$	12		$	(77	)	NM
Asset Management	10			15			(33	)%
Annuities	268			(34		)	NM
Protection	145			104			39
Corporate & Other	(95		)	(170		)	44	%
Pretax income (loss) attributable to Ameriprise Financial	340			(162		)	NM
Income tax provision (benefit)	80			(92		)	NM
Net income (loss) attributable to Ameriprise Financial	$	260		$	(70	)	NM

NM   Not Meaningful

Ameriprise Financial, Inc.

Core Operating Earnings by Segment

	Quarter Ended September 30,
(in millions, unaudited)	2009			2008			% Change
Pretax income (loss) attributable to Ameriprise Financial
Advice & Wealth Management	$	28		$	57		(51	)%
Asset Management	17			15			13
Annuities	241			153			58
Protection	137			152			(10	)
Corporate & Other	(70		)	(46		)	(52	)
Pretax income attributable to Ameriprise Financial	353			331			7
Income tax provision	85			80			6
Net income attributable to Ameriprise Financial	$	268		$	251		7	%

Third Quarter 2009 Segment Financial Highlights

Advice & Wealth Management reported pretax income of $12 million for the quarter, compared to a pretax loss of $77 million for the third quarter of 2008. Excluding integration charges and net realized  investment gains, segment core operating earnings were $28 million in the third quarter of 2009, down $29 million compared to the prior year. The decline was primarily due to lower equity markets and client activity, partially offset by growth in spread income on bank and certificate balances, as well as expense controls.

Asset Management reported pretax income of $10 million for the quarter, compared to $15 million for the third quarter of 2008. Excluding integration charges, segment core operating earnings were $17 million in the third quarter of 2009, up $2 million compared to the prior year. Core results included a $10 million reserve related to a previously disclosed client dispute in the third quarter of 2009.The increase reflected improved net inflows and expense controls, partially offset by lower fee revenue driven by the 21 percent year-over-year decline in the daily average S&P 500 Index in the quarter.

Annuities reported pretax income of $268 million for the quarter, compared to a pretax loss of $34 million for the third quarter of 2008. Excluding the impact of favorable markets on DAC amortization and annuity benefits, segment core operating earnings were $241 million in the third quarter of 2009, up $88 million compared to the prior year. Core results for the third quarter of 2009 included a $55 million increase

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in unlocking benefits compared to the prior year. The impact of the decline in the equity markets on asset-based fees was more than offset by growth in fixed annuity balances and spread income.

Protection reported pretax income of $145 million for the quarter, compared to $104 million for the third quarter of 2008. Excluding net investment gains and the impact of favorable markets on DAC amortization, segment core operating earnings were $137 million in the third quarter of 2009, down $15 million compared to the prior year. The decline was driven by a $27 million decrease in unlocking benefits compared to the prior period.

Corporate & Other reported a pretax loss of $95 million for the quarter, compared to a pretax loss of $170 million for the third quarter of 2008. Excluding money market support costs, net investment gains, early debt retirement costs and one-time Columbia acquisition costs, segment core corporate & other pretax loss was $70 million, an increase of $24 million compared to a year ago. The increase was primarily due to reduced net investment income from high liquidity levels and the year-over-year decline in short-term interest rates.

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
	Ben 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.

Ameriprise Financial is the investment manager for Active Diversified Portfolios investments. Wilshire Associates constructs and monitors the model portfolios. Wilshire is not affiliated with Ameriprise Financial and Wilshire does not have any discretionary authority or control with respect to purchasing or selling securities or making investments for investors.

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. RiverSource Distributors, Inc. (Distributor), Member FINRA.

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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 is expected to deploy $1 billion of excess capital to acquire the long-term asset management business of Columbia Management;

·the statement of belief in this news release that the transaction with Columbia Management is expected to be completed in the spring of 2010 and that the transaction is expected to be accretive to earnings and ROE within one year;

·the statements of belief in this news release regarding the expected contributions from the transaction with Columbia Management, its fit with the company’s culture and the company’s ability to generate the projected financial benefits, including those related to assets under management, margin expansion, cost savings and net synergies, market synergies and EPS and ROE accretion;

·the statement of belief in this news release that the company will exceed $350 million of expense savings in 2009;

·the statement of belief in this news release that pretax income estimates for the current year are sequentially increased, and the implications for increasing the forecasted quarterly and 2009 full-year effective tax rate;

·the statement of belief in this news release that the company expects its 2009 full-year effective tax rate will be approximately 22 percent;

·statements about continued improvement in the fundamental drivers of the company’s business;

·statements of the company’s plans, intentions, expectations, objectives or goals, including those relating to asset flows, mass affluent and affluent client acquisition strategy, client retention, financial advisor retention, recruiting 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,” “forecast,” “on pace,” “project” 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, distribution partners or customers in response to any change or prospect of change in any such opinion;

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

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participants or the company’s regulators, advisors, distribution partners or customers 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 returns assumed in valuing DAC and DSIC or market volatility underlying our valuation and hedging of guaranteed living benefit annuity riders;

·changes in capital requirements that may be indicated, required or advised by regulators or rating agencies;

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

·the ability to complete the acquisition opportunities the company negotiates (including the transaction with Columbia Management);

·the company’s ability to realize the financial, operating and business fundamental benefits or to obtain regulatory approvals regarding integrations we plan for the acquisitions we have completed or have contracted to complete, as well as the amount and timing of integration expenses;

·the ability and timing to realize savings and other benefits from re-engineering 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 the reader 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 2008 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 Quarterly Report on Form 10-Q for the quarter ended September 30, 2009. For information about Ameriprise Financial entities, please refer to the Third Quarter 2009 Statistical Supplement available at ir.ameriprise.com and the tables that follow in this news release.

11

Reconciliation Tables

Ameriprise Financial, Inc.

Reconciliation Table: GAAP Income Statement to Core Operating Earnings

	Quarter Ended September 30, 2009								Quarter Ended September 30, 2008
(in millions, unaudited)	GAAP Earnings			Adjustments			Core Operating Earnings		GAAP Earnings			Adjustments			Core Operating Earnings
Revenues
Management and financial advice fees	$	689		$	—		$	689	$	721		$	—		$	721
Distribution fees	367			—			367		376			12		(6)	388
Net investment income	542			(14		)(1)	528		62			333		(7)	395
Premiums	276			—			276		264			—			264
Other revenues	109			—			109		249			—			249
Total revenues	1,983			(14		)	1,969		1,672			345			2,017
Banking and deposit interest expense	33			—			33		43			—			43
Total net revenues	1,950			(14		)	1,936		1,629			345			1,974
Expenses
Distribution expenses	466			—			466		461			—			461
Interest credited to fixed accounts	232			—			232		200			—			200
Benefits, claims, losses and settlement expenses	306			(48		)(2)	258		196			17		(8)	213
Amortization of deferred acquisition costs	(64		)	76		(3)	12		240			(52		)(9)	188
Interest and debt expense	45			(13		)(4)	32		27			—			27
General and administrative expense	625			(42		)(5)	583		681			(113		)(10)	568
Total expenses	1,610			(27		)	1,583		1,805			(148		)	1,657
Pretax income (loss)	340			13			353		(176		)	493			317
Income tax provision (benefit)	80			5		(11)	85		(92		)	172		(11)	80
Net income (loss)	260			8			268		(84		)	321			237
Less: Net loss attributable to noncontrolling interest	—			—			—		(14		)	—			(14		)
Net income (loss) attributable to Ameriprise Financial	$	260		$	8		$	268	$	(70	)	$	321		$	251

(1)	Includes net realized gains and losses on Available-for-Sale securities and an increase in reserves on commercial mortgage loans.
(2)	Includes variable annuity living benefit costs, net of hedges and DSIC impact, a net decrease in GMDB, GMIB and GMWB for Life reserves, net of hedges and a decrease in DSIC amortization from higher period ending account values.
(3)	Includes decreases in DAC amortization from higher period ending account values and from the impact of variable annuity living benefit costs, net of hedges.
(4)	Includes costs related to the early retirement of $450 million of the company’s notes due in 2010
(5)	Includes integration charges and support costs related to RiverSource 2a-7 money market funds.
(6)	Includes write-off of distribution revenue receivable from unaffiliated money market funds.
(7)	Includes securities losses related to the Lehman Brothers bankruptcy, Washington Mutual and non-agency, residential mortgage-backed securities and realized losses related to other securities.
(8)	Includes an increase in DSIC amortization from lower period ending account values, the impact of variable annuity living benefit riders, net of hedges, and a loss on derivatives related to the Lehman Brothers bankruptcy.
(9)	Includes increases in DAC amortization from lower period ending account values and from the impact of variable annuity living benefit riders, net of hedges.
(10)	Includes support costs related to RiverSource 2a-7 money market funds and unaffiliated money market funds.
(11)	Reflects tax at the statutory rate of 35%.

12

Ameriprise Financial, Inc.

Reconciliation Table: GAAP Pretax Segment Income to Core Operating Earnings

	Quarter Ended September 30, 2009
(in millions, unaudited)	GAAP Earnings			Adjustments			Core Operating Earnings
Pretax income attributable to Ameriprise Financial
Advice & Wealth Management	$	12		$	16		$	28
Asset Management	10			7			17
Annuities	268			(27		)	241
Protection	145			(8		)	137
Corporate & Other	(95		)	25			(70		)
Pretax income attributable to Ameriprise Financial	340			13			353
Income tax provision	80			5			85
Net income attributable to Ameriprise Financial	$	260		$	8		$	268

Ameriprise Financial, Inc.

Reconciliation Table: GAAP Pretax Segment Income to Core Operating Earnings

	Quarter Ended September 30, 2008
(in millions, unaudited)	GAAP Earnings			Adjustments		Core Operating Earnings
Pretax income (loss) attributable to Ameriprise Financial
Advice & Wealth Management	$	(77	)	$	134	$	57
Asset Management	15			—		15
Annuities	(34		)	187		153
Protection	104			48		152
Corporate & Other	(170		)	124		(46		)
Pretax income (loss) attributable to Ameriprise Financial	(162		)	493		331
Income tax provision (benefit)	(92		)	172		80
Net income (loss) attributable to Ameriprise Financial	$	(70	)	$	321	$	251

13

Ameriprise Financial, Inc.

Reconciliation Table: Debt to Total Capital

September 30, 2009

(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	$	2,076		$	214	$	1,862		$	242	$	1,620
Total Capital	$	11,125		$	214	$	10,911				$	10,911
Debt to Total Capital	18.7		%			17.1		%			14.8		%

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

# # #

14

EX-99.2

Exhibit 99.2

Statistical Supplement Package

(unaudited)

Third Quarter 2009

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	34
Exhibit B
Return on Equity	43
Exhibit C
Disclosed Items	45

2

Statistical Supplement Package

(unaudited)

Third Quarter 2009

Consolidated Results

3

Ameriprise Financial, Inc.

Highlights

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions, except earnings per share amounts, headcount and as otherwise noted, unaudited)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Management Targets
Net revenue growth: Target 6 - 8%	(22.8		)%	(40.8		)%	(13.7		)%	(4.6		)%	19.7		%	(11.2		)%	(0.8		)%	42.5		%			10.4		%			24.3		%
Return on equity: Target 12 - 15%	7.9		%	(0.5		)%	(1.4		)%	(3.1		)%	1.6		%	7.9		%	1.6		%	(6.3		)%			(6.3		)%			4.7		%
Earnings per diluted share growth: Target 12 - 15%	(138.6		)%	(256.5		)%	(29.3		)%	(55.9		)%	NM			(37.1		)%	39.7		%	NM					76.8		%			NM
Margins
Pretax income (loss) margin (1)	(10.8		)%	(50.1		)%	7.8		%	6.1		%	17.4		%	4.4		%	10.6		%	28.2		%			6.2		%			11.3		%
Net income (loss) attributable to Ameriprise Financial margin (1)	(4.3		)%	(27.6		)%	7.6		%	5.1		%	13.3		%	5.9		%	8.7		%	17.6		%			2.8		%			8.2		%
Earnings Per Share
Basic earnings (loss) per share	$	(0.32	)	$	(1.69	)	$	0.58		$	0.41		$	1.00		$	1.48		$	2.05		$	1.32			#	$	0.57		39	%	$	0.59			#
Earnings (loss) per diluted share	$	(0.32	)	$	(1.69	)	$	0.58		$	0.41		$	1.00		$	1.46		$	2.04		$	1.32			#	$	0.58		40	%	$	0.59			#
Share Information
Total common outstanding	216.6			216.5			219.1			255.0			255.1			216.6			255.1			38.5			18	%	38.5			18	%	0.1			0	%
Nonforfeitable restricted stock units	2.0			1.9			4.6			4.2			3.7			2.0			3.7			1.7			85	%	1.7			85	%	(0.5		)	(12	)%
Total potentially dilutive	2.9			2.1			0.7			1.4			2.5			2.9			2.5			(0.4		)	(14	)%	(0.4		)	(14	)%	1.1			79	%
Total diluted shares	221.5			220.5			224.4			260.6			261.3			221.5			261.3			39.8			18	%	39.8			18	%	0.7			0	%
Weighted average common shares outstanding
Basic	219.1			218.5			222.3			228.8			258.7			223.6			236.6			39.6			18	%	13.0			6	%	29.9			13	%
Diluted	221.7			220.3			223.5			230.0			260.7			226.4			238.0			39.0			18	%	11.6			5	%	30.7			13	%
Metrics
Ameriprise Financial shareholders equity - end of period	$	6,717		$	6,178		$	6,384		$	8,110		$	9,049		$	6,717		$	9,049		$	2,332		35	%	$	2,332		35	%	$	939		12	%
Total client assets	253,431			241,363			231,298			258,393			286,590			253,431			286,590			33,159			13	%	33,159			13	%	28,197			11	%
Total financial advisors	11,433			12,486			12,466			12,508			12,314			11,433			12,314			881			8	%	881			8	%	(194		)	(2	)%
Net revenue per financial advisor (in thousands)	$	62		$	47		$	58		$	63		$	68		$	220		$	189		$	6		10	%	$	(31	)	(14	)%	$	5		8	%
Owned, Managed, and Administered Assets (in billions)
Owned	$	34.4		$	31.7		$	29.6		$	32.5		$	36.0		$	34.4		$	36.0		$	1.6		5	%	$	1.6		5	%	$	3.5		11	%
Managed
External clients	241.1			209.4			196.4			222.2			247.7			241.1			247.7			6.6			3	%	6.6			3	%	25.5			11	%
Owned	57.2			55.5			56.9			62.8			67.7			57.2			67.7			10.5			18	%	10.5			18	%	4.9			8	%
Total managed	298.3			264.9			253.3			285.0			315.4			298.3			315.4			17.1			6	%	17.1			6	%	30.4			11	%
Administered	60.8			75.5			71.1			79.8			88.5			60.8			88.5			27.7			46	%	27.7			46	%	8.7			11	%
Total OMA assets	$	393.5		$	372.1		$	354.0		$	397.3		$	439.9		$	393.5		$	439.9		$	46.4		12	%	$	46.4		12	%	$	42.6		11	%
Dividends paid	$	37		$	38		$	37		$	38		$	43		$	105		$	118		$	6		16	%	$	13		12	%	$	5		13	%
Common stock share repurchases	$	94		$	—		$	—		$	—		$	—		$	614		$	—		$	(94	)		#	$	(614	)		#	$	—		—
Debt to total capital	23.6		%	24.7		%	23.1		%	23.1		%	18.7		%	23.6		%	18.7		%	(4.9		)%			(4.9		)%			(4.4		)%
Debt to total capital excluding non-recourse debt	22.9		%	24.1		%	22.4		%	22.2		%	17.1		%	22.9		%	17.1		%	(5.8		)%			(5.8		)%			(5.1		)%
Debt to total capital excluding non-recourse debt and 75% equity credit	18.6		%	19.8		%	19.3		%	19.9		%	14.8		%	18.6		%	14.8		%	(3.8		)%			(3.8		)%			(5.1		)%

(1)See non-GAAP Financial Information.

# Variance of 100% or greater.

4

Ameriprise Financial, Inc.

Financial Summary

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions unless otherwise noted, unaudited)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Segment Summary
Net Revenues
Advice & Wealth Management	$	712		$	582		$	729		$	788		$	836		$	2,539		$	2,353		$	124		17	%	$	(186	)	(7	)%	$	48		6	%
Asset Management	305			265			248			285			330			1,024			863			25			8	%	(161		)	(16	)%	45			16	%
Annuities	336			310			492			562			591			1,308			1,645			255			76	%	337			26	%	29			5	%
Protection	542			450			496			497			450			1,504			1,443			(92		)	(17	)%	(61		)	(4	)%	(47		)	(9	)%
Corporate & Other	(9		)	(15		)	29			(5		)	(11		)	14			13			(2		)	(22	)%	(1		)	(7	)%	(6		)		#
Eliminations	(257		)	(253		)	(275		)	(250		)	(246		)	(801		)	(771		)	11			4	%	30			4	%	4			2	%
Total net revenues	1,629			1,339			1,719			1,877			1,950			5,588			5,546			321			20	%	(42		)	(1	)%	73			4	%
Expenses
Advice & Wealth Management	789			769			790			791			824			2,501			2,405			35			4	%	(96		)	(4	)%	33			4	%
Asset Management(2)	290			263			256			297			320			949			873			30			10	%	(76		)	(8	)%	23			8	%
Annuities	370			682			363			468			323			1,223			1,154			(47		)	(13	)%	(69		)	(6	)%	(145		)	(31	)%
Protection	438			417			384			387			305			1,185			1,076			(133		)	(30	)%	(109		)	(9	)%	(82		)	(21	)%
Corporate & Other	161			102			53			61			84			261			198			(77		)	(48	)%	(63		)	(24	)%	23			38	%
Eliminations	(257		)	(253		)	(275		)	(250		)	(246		)	(801		)	(771		)	11			4	%	30			4	%	4			2	%
Total expenses	1,791			1,980			1,571			1,754			1,610			5,318			4,935			(181		)	(10	)%	(383		)	(7	)%	(144		)	(8	)%
Pretax income (loss) attributable to Ameriprise Financial
Advice & Wealth Management	(77		)	(187		)	(61		)	(3		)	12			38			(52		)	89				#	(90		)		#	15				#
Asset Management	15			2			(8		)	(12		)	10			75			(10		)	(5		)	(33	)%	(85		)		#	22				#
Annuities	(34		)	(372		)	129			94			268			85			491			302				#	406				#	174				#
Protection	104			33			112			110			145			319			367			41			39	%	48			15	%	35			32	%
Corporate & Other	(170		)	(117		)	(24		)	(66		)	(95		)	(247		)	(185		)	75			44	%	62			25	%	(29		)	(44	)%
Eliminations	—			—			—			—			—			—			—			—			—		—			—		—			—
Pretax income (loss) attributable to Ameriprise Financial	$	(162	)	$	(641	)	$	148		$	123		$	340		$	270		$	611		$	502			#	$	341			#	$	217			#
Pretax Income (Loss) Margin (1)
Advice & Wealth Management	(10.8		)%	(32.1		)%	(8.4		)%	(0.4		)%	1.4		%	1.5		%	(2.2		)%	12.2		%			(3.7		)%			1.8		%
Asset Management	4.9		%	0.8		%	(3.2		)%	(4.2		)%	3.0		%	7.3		%	(1.2		)%	(1.9		)%			(8.5		)%			7.2		%
Annuities	(10.1		)%	(120.0		)%	26.2		%	16.7		%	45.3		%	6.5		%	29.8		%	55.4		%			23.3		%			28.6		%
Protection	19.2		%	7.3		%	22.6		%	22.1		%	32.2		%	21.2		%	25.4		%	13.0		%			4.2		%			10.1		%
Ameriprise Financial, Inc.	(10.8		)%	(50.1		)%	7.8		%	6.1		%	17.4		%	4.4		%	10.6		%	28.2		%			6.2		%			11.3		%
Allocated Equity
Advice & Wealth Management	$	989		$	879		$	833		$	825		$	784		$	989		$	784		$	(205	)	(21	)%	$	(205	)	(21	)%	$	(41	)	(5	)%
Asset Management	779			1,184			1,039			1,043			1,059			779			1,059			280			36	%	280			36	%	16			2	%
Annuities	2,228			2,754			2,774			2,093			2,322			2,228			2,322			94			4	%	94			4	%	229			11	%
Protection	2,470			2,339			2,388			2,450			2,463			2,470			2,463			(7		)	—		(7		)	—		13			1	%
Corporate & Other	1,224			115			484			2,087			2,144			1,224			2,144			920			75	%	920			75	%	57			3	%
Total allocated equity	$	7,690		$	7,271		$	7,518		$	8,498		$	8,772		$	7,690		$	8,772		$	1,082		14	%	$	1,082		14	%	$	274		3	%
Pretax Return on Allocated Equity (1)
Advice & Wealth Management	7.6		%	(15.9		)%	(29.8		)%	(36.5		)%	(27.7		)%	7.6		%	(27.7		)%	(35.3		)%			(35.3		)%			8.8		%
Asset Management	21.9		%	8.5		%	5.5		%	(0.3		)%	(0.8		)%	21.9		%	(0.8		)%	(22.7		)%			(22.7		)%			(0.5		)%
Annuities	10.2		%	(13.0		)%	(8.5		)%	(7.7		)%	4.9		%	10.2		%	4.9		%	(5.3		)%			(5.3		)%			12.6		%
Protection	20.0		%	14.9		%	15.2		%	14.9		%	16.5		%	20.0		%	16.5		%	(3.5		)%			(3.5		)%			1.6		%

(1)See non-GAAP Financial Information.

(2)Total expenses include net income (loss) attributable to noncontrolling interest.

# Variance of 100% or greater.

5

Ameriprise Financial, Inc.

Consolidated Income Statements

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions unless otherwise noted, unaudited)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	721		$	607		$	554		$	606		$	689		$	2,292		$	1,849		$	(32	)	(4	)%	$	(443	)	(19	)%	$	83		14	%
Distribution fees	376			334			311			351			367			1,231			1,029			(9		)	(2	)%	(202		)	(16	)%	16			5	%
Net investment income	62			(28		)	421			514			542			856			1,477			480				#	621			73	%	28			5	%
Premiums	264			271			266			269			276			777			811			12			5	%	34			4	%	7			3	%
Other revenues	249			202			209			175			109			564			493			(140		)	(56	)%	(71		)	(13	)%	(66		)	(38	)%
Total revenues	1,672			1,386			1,761			1,915			1,983			5,720			5,659			311			19	%	(61		)	(1	)%	68			4	%
Banking and deposit interest expense	43			47			42			38			33			132			113			(10		)	(23	)%	(19		)	(14	)%	(5		)	(13	)%
Total net revenues	1,629			1,339			1,719			1,877			1,950			5,588			5,546			321			20	%	(42		)	(1	)%	73			4	%
Expenses
Distribution expenses	461			406			383			425			466			1,499			1,274			5			1	%	(225		)	(15	)%	41			10	%
Interest credited to fixed accounts	200			203			205			237			232			587			674			32			16	%	87			15	%	(5		)	(2	)%
Benefits, claims, losses and settlement expenses	196			331			100			587			306			794			993			110			56	%	199			25	%	(281		)	(48	)%
Amortization of deferred acquisition costs	240			395			286			(125		)	(64		)	538			97			(304		)		#	(441		)	(82	)%	61			49	%
Interest and debt expense	27			28			26			28			45			81			99			18			67	%	18			22	%	17			61	%
General and administrative expense	681			647			585			610			625			1,843			1,820			(56		)	(8	)%	(23		)	(1	)%	15			2	%
Total expenses	1,805			2,010			1,585			1,762			1,610			5,342			4,957			(195		)	(11	)%	(385		)	(7	)%	(152		)	(9	)%
Pretax income (loss)	(176		)	(671		)	134			115			340			246			589			516				#	343				#	225				#
Income tax provision (benefit)	(92		)	(272		)	18			28			80			(61		)	126			172				#	187				#	52				#
Net income (loss)	(84		)	(399		)	116			87			260			307			463			344				#	156			51	%	173				#
Less: Net loss attributable to noncontrolling interest	(14		)	(30		)	(14		)	(8		)	—			(24		)	(22		)	14				#	2			8	%	8				#
Net income (loss) attributable to Ameriprise Financial	$	(70	)	$	(369	)	$	130		$	95		$	260		$	331		$	485		$	330			#	$	154		47	%	$	165			#
Income Statement Metrics
Pretax income (loss) margin (1)	(10.8		)%	(50.1		)%	7.8		%	6.1		%	17.4		%	4.4		%	10.6		%	28.2		%			6.2		%			11.3		%
Net income (loss) attributable to Ameriprise Financial margin (1)	(4.3		)%	(27.6		)%	7.6		%	5.1		%	13.3		%	5.9		%	8.7		%	17.6		%			2.8		%			8.2		%

(1)See non-GAAP Financial Information.

# Variance of 100% or greater.

6

Ameriprise Financial, Inc.

Consolidated Income Statements

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions unless otherwise noted, unaudited)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Net Investment Income
Investment income on fixed maturities	$	398		$	389		$	395		$	478		$	507		$	1,217		$	1,380		$	109		27	%	$	163		13	%	$	29		6	%
Realized gains (losses)	(317		)	(409		)	15			6			14			(368		)	35			331				#	403				#	8				#
Other (including seed money)	(19		)	(8		)	11			30			21			7			62			40				#	55				#	(9		)	(30	)%
Total net investment income	$	62		$	(28	)	$	421		$	514		$	542		$	856		$	1,477		$	480			#	$	621		73	%	$	28		5	%
Other Information
Net revenue growth: Target 6 - 8%	(22.8		)%	(40.8		)%	(13.7		)%	(4.6		)%	19.7		%	(11.2		)%	(0.8		)%	42.5		%			10.4		%			24.3		%
Return on equity	7.9		%	(0.5		)%	(1.4		)%	(3.1		)%	1.6		%	7.9		%	1.6		%	(6.3		)%			(6.3		)%			4.7		%
Earnings per diluted share growth: Target 12 - 15%	(138.6		)%	(256.5		)%	(29.3		)%	(55.9		)%	NM			(37.1		)%	39.7		%	NM					76.8		%			NM
Goodwill and intangible assets	$	783		$	1,391		$	1,377		$	1,443		$	1,119		$	783		$	1,119		$	336		43	%	$	336		43	%	$	(324	)	(22	)%
Dividends paid	37			38			37			38			43			105			118			6			16	%	13			12	%	5			13	%
Common stock share repurchases	$	94		$	—		$	—		$	—		$	—		$	614		$	—		$	(94	)		#	$	(614	)		#	$	—		—
Owned, Managed and Administered Assets (in billions)
Owned	$	34.4		$	31.7		$	29.6		$	32.5		$	36.0		$	34.4		$	36.0		$	1.6		5	%	$	1.6		5	%	$	3.5		11	%
Managed
External clients	241.1			209.4			196.4			222.2			247.7			241.1			247.7			6.6			3	%	6.6			3	%	25.5			11	%
Owned	57.2			55.5			56.9			62.8			67.7			57.2			67.7			10.5			18	%	10.5			18	%	4.9			8	%
Total managed	298.3			264.9			253.3			285.0			315.4			298.3			315.4			17.1			6	%	17.1			6	%	30.4			11	%
Administered	60.8			75.5			71.1			79.8			88.5			60.8			88.5			27.7			46	%	27.7			46	%	8.7			11	%
Total OMA assets	$	393.5		$	372.1		$	354.0		$	397.3		$	439.9		$	393.5		$	439.9		$	46.4		12	%	$	46.4		12	%	$	42.6		11	%

# Variance of 100% or greater.

7

Ameriprise Financial, Inc.

Consolidated, Common Share and Per Share Summary

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions, except earnings per share amounts)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Earnings Per Share
Basic earnings (loss) per share	$	(0.32	)	$	(1.69	)	$	0.58		$	0.41		$	1.00		$	1.48		$	2.05		$	1.32			#	$	0.57		39	%	$	0.59			#
Earnings (loss) per diluted share (1)	$	(0.32	)	$	(1.69	)	$	0.58		$	0.41		$	1.00		$	1.46		$	2.04		$	1.32			#	$	0.58		40	%	$	0.59			#
Basic Shares
Common shares
Beginning balance	218.9			216.6			216.5			219.1			255.0			227.7			216.5			36.1			16	%	(11.2		)	(5	)%	35.9			16	%
Repurchases	(2.3		)	—			—			—			—			(12.7		)	—			2.3				#	12.7				#	—			—
Issuances	0.1			0.1			3.1			36.0			0.2			2.2			39.3			0.1			100	%	37.1				#	(35.8		)	(99	)%
Other	(0.1		)	(0.2		)	(0.5		)	(0.1		)	(0.1		)	(0.6		)	(0.7		)	—			—		(0.1		)	(17	)%	—			—
Total common outstanding	216.6			216.5			219.1			255.0			255.1			216.6			255.1			38.5			18	%	38.5			18	%	0.1			—
Total common outstanding	216.6			216.5			219.1			255.0			255.1			216.6			255.1			38.5			18	%	38.5			18	%	0.1			—
Nonforfeitable restricted stock units	2.0			1.9			4.6			4.2			3.7			2.0			3.7			1.7			85	%	1.7			85	%	(0.5		)	(12	)%
Total basic common shares	218.6			218.4			223.7			259.2			258.8			218.6			258.8			40.2			18	%	40.2			18	%	(0.4		)	—
Total potentially dilutive	2.9			2.1			0.7			1.4			2.5			2.9			2.5			(0.4		)	(14	)%	(0.4		)	(14	)%	1.1			79	%
Total diluted shares	221.5			220.5			224.4			260.6			261.3			221.5			261.3			39.8			18	%	39.8			18	%	0.7			—
Weighted average common shares outstanding:
Basic	219.1			218.5			222.3			228.8			258.7			223.6			236.6			39.6			18	%	13.0			6	%	29.9			13	%
Diluted	221.7			220.3			223.5			230.0			260.7			226.4			238.0			39.0			18	%	11.6			5	%	30.7			13	%
Book Value
Ameriprise Financial shareholders equity - end of period	$	6,717		$	6,178		$	6,384		$	8,110		$	9,049		$	6,717		$	9,049		$	2,332		35	%	$	2,332		35	%	$	939		12	%
Average equity - 5 point	7,436			7,120			6,835			6,941			7,288			7,436			7,288			(148		)	(2	)%	(148		)	(2	)%	347			5	%
Book Value per Share	$	30.73		$	28.29		$	28.54		$	31.29		$	34.97		$	30.73		$	34.97		$	4.24		14	%	$	4.24		14	%	$	3.68		12	%

(1)  For 3rd Qtr and 4th Qtr of 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)

Third Quarter 2009

Advice & Wealth Management Segment

9

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions, except headcount and where noted, unaudited)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	328		$	292		$	268		$	295		$	319		$	1,047		$	882		$	(9	)	(3	)%	$	(165	)	(16	)%	$	24		8	%
Distribution fees	457			430			431			423			432			1,482			1,286			(25		)	(5	)%	(196		)	(13	)%	9			2	%
Net investment income	(46		)	(119		)	54			85			95			87			234			141				#	147				#	10			12	%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	16			25			17			23			19			55			59			3			19	%	4			7	%	(4		)	(17	)%
Total revenues	755			628			770			826			865			2,671			2,461			110			15	%	(210		)	(8	)%	39			5	%
Banking and deposit interest expense	43			46			41			38			29			132			108			(14		)	(33	)%	(24		)	(18	)%	(9		)	(24	)%
Total net revenues	712			582			729			788			836			2,539			2,353			124			17	%	(186		)	(7	)%	48			6	%
Expenses
Distribution expenses	515			450			461			471			508			1,664			1,440			(7		)	(1	)%	(224		)	(13	)%	37			8	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	274			319			329			320			316			837			965			42			15	%	128			15	%	(4		)	(1	)%
Total expenses	789			769			790			791			824			2,501			2,405			35			4	%	(96		)	(4	)%	33			4	%
Pretax segment income (loss)	$	(77	)	$	(187	)	$	(61	)	$	(3	)	$	12		$	38		$	(52	)	$	89			#	$	(90	)		#	$	15			#
Income Statement Metrics
Pretax segment income (loss) margin (1)	(10.8		)%	(32.1		)%	(8.4		)%	(0.4		)%	1.4		%	1.5		%	(2.2		)%	12.2		%			(3.7		)%			1.8		%
Net Investment Income
Investment income on fixed maturities	$	64		$	65		$	55		$	78		$	76		$	185		$	209		$	12		19	%	$	24		13	%	$	(2	)	(3	)%
Realized gains (losses)	(118		)	(194		)	(10		)	(8		)	5			(139		)	(13		)	123				#	126			91	%	13				#
Other (including seed money)	8			10			9			15			14			41			38			6			75	%	(3		)	(7	)%	(1		)	(7	)%
Total net investment income	$	(46	)	$	(119	)	$	54		$	85		$	95		$	87		$	234		$	141			#	$	147			#	$	10		12	%
Balance Sheet Metrics
Allocated equity	$	989		$	879		$	833		$	825		$	784		$	989		$	784		$	(205	)	(21	)%	$	(205	)	(21	)%	$	(41	)	(5	)%
Pretax return on allocated equity (1)	7.6		%	(15.9		)%	(29.8		)%	(36.5		)%	(27.7		)%	7.6		%	(27.7		)%	(35.3		)%			(35.3		)%			8.8		%
On-balance sheet deposits	$	7,681		$	8,190		$	8,416		$	9,180		$	8,979		$	7,681		$	8,979		$	1,298		17	%	$	1,298		17	%	$	(201	)	(2	)%
Financial Plans
Branded financial plan net cash sales	$	48		$	56		$	49		$	50		$	47		$	155		$	146		$	(1	)	(2	)%	$	(9	)	(6	)%	$	(3	)	(6	)%

(1)See non-GAAP Financial Information.

# Variance of 100% or greater.

10

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions, except headcount and where noted, unaudited)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Financial Advisors
Employee advisors	1,967			2,823			2,816			2,785			2,606			1,967			2,606			639			32	%	639			32	%	(179		)	(6	)%
Franchisee advisors	7,830			7,746			7,737			7,770			7,725			7,830			7,725			(105		)	(1	)%	(105		)	(1	)%	(45		)	(1	)%
Total branded financial advisors	9,797			10,569			10,553			10,555			10,331			9,797			10,331			534			5	%	534			5	%	(224		)	(2	)%
SAI independent advisors	1,636			1,917			1,913			1,953			1,983			1,636			1,983			347			21	%	347			21	%	30			2	%
Total financial advisors	11,433			12,486			12,466			12,508			12,314			11,433			12,314			881			8	%	881			8	%	(194		)	(2	)%
Net revenue per financial advisor (in thousands) (1)	$	62		$	47		$	58		$	63		$	68		$	220		$	189		$	6		10	%	$	(31	)	(14	)%	$	5		8	%
Advisor Retention
Employee	62.8		%	68.2		%	72.3		%	73.4		%	73.7		%	62.8		%	73.7		%	10.9		%			10.9		%			0.3		%
Franchisee	93.3		%	92.2		%	92.5		%	91.1		%	91.0		%	93.3		%	91.0		%	(2.3		)%			(2.3		)%			(0.1		)%
Product Information
Certificates and Banking - Combined
Pretax segment income (loss)	$	(112	)	$	(192	)	$	(10	)	$	20		$	37		$	(141	)	$	47		$	149			#	$	188			#	$	17		85	%
Allocated equity	$	416		$	395		$	528		$	521		$	481		$	416		$	481		$	65		16	%	$	65		16	%	$	(40	)	(8	)%
Pretax return on allocated equity	(38.7		)%	(85.5		)%	(80.2		)%	(65.2		)%	(31.0		)%	(38.7		)%	(31.0		)%	7.7		%			7.7		%			34.2		%
Wealth Management & Distribution
Pretax income	$	35		$	5		$	(51	)	$	(23	)	$	(25	)	$	179		$	(99	)	$	(60	)		#	$	(278	)		#	$	(2	)	(9	)%
Allocated equity	$	573		$	484		$	305		$	304		$	303		$	573		$	303		$	(270	)	(47	)%	$	(270	)	(47	)%	$	(1	)	—
Pretax return on allocated equity	39.1		%	33.6		%	12.9		%	(7.6		)%	(23.9		)%	39.1		%	(23.9		)%	(63.0		)%			(63.0		)%			(16.3		)%
Total Client Assets (at period end) (2)	$	253,431		$	241,363		$	231,298		$	258,393		$	286,590		$	253,431		$	286,590		$	33,159		13	%	$	33,159		13	%	$	28,197		11	%
Total Wrap Accounts
Beginning assets	$	91,446		$	84,086		$	72,781		$	68,181		$	78,960		$	93,851		$	72,781		$	(12,486	)	(14	)%	$	(21,070	)	(22	)%	$	10,779		16	%
Net flows	657			(1,121		)	1,302			2,758			2,724			4,870			6,784			2,067				#	1,914			39	%	(34		)	(1	)%
Market appreciation (depreciation) and other	(8,017		)	(10,184		)	(5,902		)	8,021			7,869			(14,635		)	9,988			15,886				#	24,623				#	(152		)	(2	)%
Total wrap ending assets	$	84,086		$	72,781		$	68,181		$	78,960		$	89,553		$	84,086		$	89,553		$	5,467		7	%	$	5,467		7	%	$	10,593		13	%
S&P 500
Daily average	1,255			910			811			894			994			1,325			900			(261		)	(21	)%	(425		)	(32	)%	100			11	%
Period end	1,166			903			798			919			1,057			1,166			1,057			(109		)	(9	)%	(109		)	(9	)%	138			15	%

(1)Year-to-date is sum of current and prior quarters for the year under review.

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

# Variance of 100% or greater.

11

Statistical Supplement Package

(unaudited)

Third Quarter 2009

Asset Management Segment

12

Ameriprise Financial, Inc.

Asset Management Segment

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions unless otherwise noted, unaudited)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	268		$	218		$	209		$	230		$	270		$	859		$	709		$	2		1	%	$	(150	)	(17	)%	$	40		17	%
Distribution fees	58			49			47			54			55			198			156			(3		)	(5	)%	(42		)	(21	)%	1			2	%
Net investment income	(9		)	(7		)	(1		)	8			4			(6		)	11			13				#	17				#	(4		)	(50	)%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	(10		)	7			(6		)	(5		)	3			(22		)	(8		)	13				#	14			64	%	8				#
Total revenues	307			267			249			287			332			1,029			868			25			8	%	(161		)	(16	)%	45			16	%
Banking and deposit interest expense	2			2			1			2			2			5			5			—			—		—			—		—			—
Total net revenues	305			265			248			285			330			1,024			863			25			8	%	(161		)	(16	)%	45			16	%
Expenses
Distribution expenses	101			87			82			85			97			330			264			(4		)	(4	)%	(66		)	(20	)%	12			14	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	6			5			6			6			5			19			17			(1		)	(17	)%	(2		)	(11	)%	(1		)	(17	)%
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	197			201			182			214			218			624			614			21			11	%	(10		)	(2	)%	4			2	%
Total expenses	304			293			270			305			320			973			895			16			5	%	(78		)	(8	)%	15			5	%
Pretax segment income (loss)	1			(28		)	(22		)	(20		)	10			51			(32		)	9				#	(83		)		#	30				#
Less: Net loss attributable to noncontrolling interest	(14		)	(30		)	(14		)	(8		)	—			(24		)	(22		)	14				#	2			8	%	8				#
Pretax income (loss) attributable to Ameriprise Financial	$	15		$	2		$	(8	)	$	(12	)	$	10		$	75		$	(10	)	$	(5	)	(33	)%	$	(85	)		#	$	22			#
Income Statement Metrics
Pretax segment income (loss) margin (1),(2)	4.9		%	0.8		%	(3.2		)%	(4.2		)%	3.0		%	7.3		%	(1.2		)%	(1.9		)%			(8.5		)%			7.2		%
Balance Sheet Metrics
Allocated equity	$	779		$	1,184		$	1,039		$	1,043		$	1,059		$	779		$	1,059		$	280		36	%	$	280		36	%	$	16		2	%
Pretax return on allocated equity (1),(2)	21.9		%	8.5		%	5.5		%	(0.3		)%	(0.8		)%	21.9		%	(0.8		)%	(22.7		)%			(22.7		)%			(0.5		)%
Total Managed Assets Reconciliations
Domestic managed assets	$	128,740		$	127,948		$	125,201		$	134,831		$	145,790		$	128,740		$	145,790		$	17,050		13	%	$	17,050		13	%	$	10,959		8	%
International managed assets	97,882			74,247			68,340			82,490			93,682			97,882			93,682			(4,200		)	(4	)%	(4,200		)	(4	)%	11,192			14	%
Less: Sub-advised eliminations	(3,203		)	(2,629		)	(2,391		)	(3,176		)	(3,494		)	(3,203		)	(3,494		)	(291		)	(9	)%	(291		)	(9	)%	(318		)	(10	)%
Total managed assets	$	223,419		$	199,566		$	191,150		$	214,145		$	235,978		$	223,419		$	235,978		$	12,559		6	%	$	12,559		6	%	$	21,833		10	%
Managed assets - external clients	$	166,227		$	144,024		$	134,286		$	151,351		$	168,259		$	166,227		$	168,259		$	2,032		1	%	$	2,032		1	%	$	16,908		11	%
Managed assets - owned	57,192			55,542			56,864			62,794			67,719			57,192			67,719			10,527			18	%	10,527			18	%	4,925			8	%
Total managed assets	$	223,419		$	199,566		$	191,150		$	214,145		$	235,978		$	223,419		$	235,978		$	12,559		6	%	$	12,559		6	%	$	21,833		10	%
Total Managed Assets by Type
Equity	$	84,315		$	71,835		$	64,559		$	78,910		$	94,539		$	84,315		$	94,539		$	10,224		12	%	$	10,224		12	%	$	15,629		20	%
Fixed income	104,118			92,449			95,080			103,773			110,991			104,118			110,991			6,873			7	%	6,873			7	%	7,218			7	%
Money market	11,888			12,596			10,270			10,117			9,053			11,888			9,053			(2,835		)	(24	)%	(2,835		)	(24	)%	(1,064		)	(11	)%
Alternative	8,440			12,012			11,604			11,330			11,662			8,440			11,662			3,222			38	%	3,222			38	%	332			3	%
Hybrid and other	14,658			10,674			9,637			10,015			9,733			14,658			9,733			(4,925		)	(34	)%	(4,925		)	(34	)%	(282		)	(3	)%
Total managed assets by type	$	223,419		$	199,566		$	191,150		$	214,145		$	235,978		$	223,419		$	235,978		$	12,559		6	%	$	12,559		6	%	$	21,833		10	%

(1)See non-GAAP Financial Information.

(2)Calculation excludes net income (loss) attributable to noncontrolling interest.

# Variance of 100% or greater.

13

Ameriprise Financial, Inc.

Asset Management Segment

Third Quarter 2009

	3 Qtr 2008		4 Qtr 2008		1 Qtr 2009		2 Qtr 2009		3 Qtr 2009
Mutual Fund Performance
Domestic
Equal Weighted Mutual Fund Rankings in top 2 Lipper Quartiles
Equity - 12 month	29	%	33	%	35	%	37	%	49	%
Fixed income - 12 month	48	%	70	%	77	%	74	%	58	%
Equity - 3 year	54	%	50	%	44	%	42	%	41	%
Fixed income - 3 year	50	%	75	%	71	%	79	%	72	%
Equity - 5 year	58	%	53	%	51	%	59	%	67	%
Fixed income - 5 year	54	%	66	%	72	%	64	%	58	%
Asset Weighted Mutual Fund Rankings in top 2 Lipper Quartiles
Equity - 12 month	16	%	26	%	31	%	39	%	52	%
Fixed income - 12 month	33	%	39	%	62	%	42	%	61	%
Equity - 3 year	33	%	40	%	39	%	40	%	51	%
Fixed income - 3 year	51	%	40	%	40	%	47	%	65	%
Equity - 5 year	68	%	70	%	63	%	67	%	74	%
Fixed income - 5 year	48	%	37	%	63	%	39	%	61	%
International
Equal Weighted Mutual Fund Rankings in top 2 S&P Quartiles
Equity - 12 month	76	%	83	%	93	%	69	%	64	%
Fixed income - 12 month	64	%	45	%	64	%	73	%	82	%
Equity - 3 year	79	%	90	%	93	%	93	%	89	%
Fixed income - 3 year	80	%	64	%	73	%	73	%	64	%
Equity - 5 year	70	%	89	%	93	%	89	%	85	%
Fixed income - 5 year	40	%	50	%	70	%	70	%	70	%

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 do 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 include 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

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions unless otherwise noted, unaudited)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Domestic Managed Assets Rollforward(1)
Retail Funds
Beginning assets	$	78,281		$	70,214		$	63,970		$	59,832		$	66,010		$	86,864		$	63,970		$	(12,271	)	(16	)%	$	(22,894	)	(26	)%	$	6,178		10	%
Net flows	(1,415		)	(2,179		)	(1,258		)	(861		)	299			(3,220		)	(1,820		)	1,714				#	1,400			43	%	1,160				#
Market appreciation (depreciation) and other	(6,652		)	(4,065		)	(2,880		)	7,039			8,283			(13,430		)	12,442			14,935				#	25,872				#	1,244			18	%
Total ending assets	70,214			63,970			59,832			66,010			74,592			70,214			74,592			4,378			6	%	4,378			6	%	8,582			13	%
Institutional (2)
Beginning assets	49,442			43,129			46,293			47,954			51,905			53,235			46,293			2,463			5	%	(6,942		)	(13	)%	3,951			8	%
Net flows	(4,004		)	1,320			2,002			1,133			(443		)	(6,057		)	2,692			3,561			89	%	8,749				#	(1,576		)		#
Market appreciation (depreciation) and other	(2,309		)	1,844			(341		)	2,818			2,424			(4,049		)	4,901			4,733				#	8,950				#	(394		)	(14	)%
Total ending assets	43,129			46,293			47,954			51,905			53,886			43,129			53,886			10,757			25	%	10,757			25	%	1,981			4	%
Alternative
Beginning assets	7,194			7,065			9,378			9,048			9,131			8,085			9,378			1,937			27	%	1,293			16	%	83			1	%
Net flows	(127		)	(523		)	(623		)	48			322			(711		)	(253		)	449				#	458			64	%	274				#
Market appreciation (depreciation) and other	(2		)	2,836			293			35			213			(309		)	541			215				#	850				#	178				#
Total ending assets	7,065			9,378			9,048			9,131			9,666			7,065			9,666			2,601			37	%	2,601			37	%	535			6	%
Trust
Beginning assets	8,530			8,547			8,482			8,519			7,945			8,804			8,482			(585		)	(7	)%	(322		)	(4	)%	(574		)	(7	)%
Net flows	59			120			54			(745		)	(330		)	(173		)	(1,021		)	(389		)		#	(848		)		#	415			56	%
Market appreciation (depreciation) and other	(42		)	(185		)	(17		)	171			171			(84		)	325			213				#	409				#	—			—
Total ending assets	8,547			8,482			8,519			7,945			7,786			8,547			7,786			(761		)	(9	)%	(761		)	(9	)%	(159		)	(2	)%
Other and Eliminations	(215		)	(175		)	(152		)	(160		)	(140		)	(215		)	(140		)	75			35	%	75			35	%	20			13	%
Total Domestic managed assets	$	128,740		$	127,948		$	125,201		$	134,831		$	145,790		$	128,740		$	145,790		$	17,050		13	%	$	17,050		13	%	$	10,959		8	%
Total Domestic net flows	$	(5,487	)	$	(1,262	)	$	175		$	(425	)	$	(152	)	$	(10,161	)	$	(402	)	$	5,335		97	%	$	9,759		96	%	$	273		64	%

(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 & Co.  Balances included $6.7 B of Retail Funds, $3.2 B of Institutional and $2.9 B of Alternative.

(2)Included in Market appreciation (depreciation) and other are share repurchase, debt repurchase, equity issuance, debt issuance and acquisitions.

#Variance of 100% or greater.

15

Ameriprise Financial, Inc.

Asset Management Segment - International

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions unless otherwise noted, unaudited)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
International Managed Assets Rollforward
Retail Funds
Beginning assets	$	27,868		$	21,758		$	16,361		$	15,651		$	22,107		$	30,822		$	16,361		$	(5,761	)	(21	)%	$	(14,461	)	(47	)%	$	6,456		41	%
Net flows	(1,032		)	(714		)	642			1,224			1,447			(1,213		)	3,313			2,479				#	4,526				#	223			18	%
Market appreciation (depreciation)	(2,345		)	(1,101		)	(1,054		)	545			3,673			(5,317		)	3,164			6,018				#	8,481				#	3,128				#
Foreign currency translation (1)	(2,832		)	(3,605		)	(330		)	2,517			(745		)	(2,744		)	1,442			2,087			74	%	4,186				#	(3,262		)		#
Other (2)	99			23			32			2,170			83			210			2,285			(16		)	(16	)%	2,075				#	(2,087		)	(96	)%
Total ending assets	21,758			16,361			15,651			22,107			26,565			21,758			26,565			4,807			22	%	4,807			22	%	4,458			20	%
Institutional
Beginning assets	89,937			74,856			55,342			50,179			58,347			100,057			55,342			(31,590		)	(35	)%	(44,715		)	(45	)%	8,168			16	%
Net flows	(1,580		)	(7,267		)	(1,277		)	(675		)	943			(5,978		)	(1,009		)	2,523				#	4,969			83	%	1,618				#
Market appreciation (depreciation)	(4,825		)	(1,027		)	(3,148		)	636			7,224			(12,525		)	4,712			12,049				#	17,237				#	6,588				#
Foreign currency translation (1)	(9,377		)	(12,639		)	(1,110		)	7,595			(1,873		)	(9,099		)	4,612			7,504			80	%	13,711				#	(9,468		)		#
Other	701			1,419			372			612			479			2,401			1,463			(222		)	(32	)%	(938		)	(39	)%	(133		)	(22	)%
Total ending assets	74,856			55,342			50,179			58,347			65,120			74,856			65,120			(9,736		)	(13	)%	(9,736		)	(13	)%	6,773			12	%
Alternative
Beginning assets	3,101			1,268			2,544			2,510			2,036			3,479			2,544			(1,065		)	(34	)%	(935		)	(27	)%	(474		)	(19	)%
Net flows	(1,546		)	1,345			313			(79		)	86			(1,994		)	320			1,632				#	2,314				#	165				#
Market appreciation (depreciation)	(3		)	138			(295		)	(700		)	(66		)	43			(1,061		)	(63		)		#	(1,104		)		#	634			91	%
Foreign currency translation (1)	(290		)	(207		)	(52		)	305			(59		)	(282		)	194			231			80	%	476				#	(364		)		#
Other	6			—			—			—			—			22			—			(6		)		#	(22		)		#	—			—
Total ending assets	1,268			2,544			2,510			2,036			1,997			1,268			1,997			729			57	%	729			57	%	(39		)	(2	)%
Total International managed assets	$	97,882		$	74,247		$	68,340		$	82,490		$	93,682		$	97,882		$	93,682		$	(4,200	)	(4	)%	$	(4,200	)	(4	)%	$	11,192		14	%
Total International net flows	$	(4,158	)	$	(6,636	)	$	(322	)	$	470		$	2,476		$	(9,185	)	$	2,624		$	6,634			#	$	11,809			#	$	2,006			#

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

(2)Included in Retail funds other, for the 2nd Qtr of 2009, were $ 2.1 B of assets due to the acquisition of Standard Chartered Bank’s World Express Funds investment business.

# Variance of 100% or greater.

16

Statistical Supplement Package

(unaudited)

Third Quarter 2009

Annuities Segment

17

Ameriprise Financial, Inc.

Annuities Segment

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions unless otherwise noted, unaudited)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	124		$	98		$	90		$	104		$	118		$	380		$	312		$	(6	)	(5	)%	$	(68	)	(18	)%	$	14		13	%
Distribution fees	71			62			57			58			64			213			179			(7		)	(10	)%	(34		)	(16	)%	6			10	%
Net investment income	86			92			289			339			343			560			971			257				#	411			73	%	4			1	%
Premiums	21			25			24			23			25			60			72			4			19	%	12			20	%	2			9	%
Other revenues	34			33			32			38			41			95			111			7			21	%	16			17	%	3			8	%
Total revenues	336			310			492			562			591			1,308			1,645			255			76	%	337			26	%	29			5	%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Total net revenues	336			310			492			562			591			1,308			1,645			255			76	%	337			26	%	29			5	%
Expenses
Distribution expenses	50			65			56			49			49			142			154			(1		)	(2	)%	12			8	%	—			—
Interest credited to fixed accounts	163			167			169			201			196			479			566			33			20	%	87			18	%	(5		)	(2	)%
Benefits, claims, losses and settlement expenses	9			113			(129		)	351			93			156			315			84				#	159				#	(258		)	(74	)%
Amortization of deferred acquisition costs	96			295			219			(182		)	(64		)	281			(27		)	(160		)		#	(308		)		#	118			65	%
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	52			42			48			49			49			165			146			(3		)	(6	)%	(19		)	(12	)%	—			—
Total expenses	370			682			363			468			323			1,223			1,154			(47		)	(13	)%	(69		)	(6	)%	(145		)	(31	)%
Pretax segment income (loss)	$	(34	)	$	(372	)	$	129		$	94		$	268		$	85		$	491		$	302			#	$	406			#	$	174			#
Income Statement Metrics
Pretax segment income (loss) margin (1)	(10.1		)%	(120.0		)%	26.2		%	16.7		%	45.3		%	6.5		%	29.8		%	55.4		%			23.3		%			28.6		%
Net Investment Income
Investment income on fixed maturities	$	244		$	243		$	259		$	314		$	336		$	742		$	909		$	92		38	%	$	167		23	%	$	22		7	%
Realized gains (losses)	(156		)	(169		)	20			8			—			(181		)	28			156				#	209				#	(8		)		#
Other (including seed money)	(2		)	18			10			17			7			(1		)	34			9				#	35				#	(10		)	(59	)%
Total net investment income	$	86		$	92		$	289		$	339		$	343		$	560		$	971		$	257			#	$	411		73	%	$	4		1	%
Balance Sheet Metrics
Allocated equity	$	2,228		$	2,754		$	2,774		$	2,093		$	2,322		$	2,228		$	2,322		$	94		4	%	$	94		4	%	$	229		11	%
Pretax return on allocated equity (1)	10.2		%	(13.0		)%	(8.5		)%	(7.7		)%	4.9		%	10.2		%	4.9		%	(5.3		)%			(5.3		)%			12.6		%
Other Metrics
Net variable annuity living benefits market impact (2), (3)	$	27		$	82		$	267		$	(360	)	$	(66	)	$	31		$	(159	)	$	(93	)		#	$	(190	)		#	$	294		82	%
Total annuity net flows	$	384		$	951		$	1,779		$	1,129		$	527		$	1,116		$	3,435		$	143		37	%	$	2,319			#	$	(602	)	(53	)%

(1)   See non-GAAP Financial Information.

(2)   Guaranteed Minimum Withdrawal Benefit (GMWB) and Guaranteed Minimum Accumulation Benefit (GMAB) only.

(3)   Q3 2008 includes loss on derivatives related to Lehman Brothers bankruptcy.

#  Variance of 100% or greater.

18

Ameriprise Financial, Inc.

Annuities Segment

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions unless otherwise noted, unaudited)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Product Information
Variable Annuities
Pretax segment income (loss)	$	82		$	(257	)	$	83		$	21		$	189		$	159		$	293		$	107			#	$	134		84	%	$	168			#
Allocated equity	$	1,139		$	1,315		$	1,099		$	801		$	988		$	1,139		$	988		$	(151	)	(13	)%	$	(151	)	(13	)%	$	187		23	%
Pretax return on allocated equity	22.0		%	(9.4		)%	(3.3		)%	(6.8		)%	3.4		%	22.0		%	3.4		%	(18.6		)%			(18.6		)%			10.2		%
Fixed Annuities(1)
Pretax segment income (loss)	$	(116	)	$	(115	)	$	46		$	73		$	79		$	(74	)	$	198		$	195			#	$	272			#	$	6		8	%
Allocated equity	$	1,089		$	1,439		$	1,675		$	1,292		$	1,334		$	1,089		$	1,334		$	245		22	%	$	245		22	%	$	42		3	%
Pretax return on allocated equity	0.2		%	(16.1		)%	(13.0		)%	(8.5		)%	6.1		%	0.2		%	6.1		%	5.9		%			5.9		%			14.6		%
Variable Annuities Rollforward
Beginning balance	$	54,742		$	50,300		$	43,280		$	41,468		$	47,104		$	57,182		$	43,280		$	(7,638	)	(14	)%	$	(13,902	)	(24	)%	$	5,636		14	%
Deposits	1,729			1,567			1,322			1,411			1,435			5,935			4,168			(294		)	(17	)%	(1,767		)	(30	)%	24			2	%
Withdrawals and terminations	(1,161		)	(1,058		)	(994		)	(844		)	(909		)	(3,705		)	(2,747		)	252			22	%	958			26	%	(65		)	(8	)%
Net flows	568			509			328			567			526			2,230			1,421			(42		)	(7	)%	(809		)	(36	)%	(41		)	(7	)%
Investment performance and interest credited	(5,006		)	(7,528		)	(2,137		)	5,060			5,365			(9,114		)	8,288			10,371				#	17,402				#	305			6	%
Other	(4		)	(1		)	(3		)	9			—			2			6			4				#	4				#	(9		)		#
Total ending balance - contract accumulation values	$	50,300		$	43,280		$	41,468		$	47,104		$	52,995		$	50,300		$	52,995		$	2,695		5	%	$	2,695		5	%	$	5,891		13	%
Variable annuities fixed sub-accounts	$	5,496		$	5,623		$	5,919		$	5,987		$	6,036		$	5,496		$	6,036		$	540		10	%	$	540		10	%	$	49		1	%
Fixed Annuities Rollforward
Beginning balance	$	11,759		$	11,682		$	12,228		$	13,805		$	14,464		$	12,463		$	12,228		$	2,705		23	%	$	(235	)	(2	)%	$	659		5	%
Deposits	378			999			2,097			974			343			665			3,414			(35		)	(9	)%	2,749				#	(631		)	(65	)%
Withdrawals and terminations	(562		)	(557		)	(646		)	(412		)	(342		)	(1,779		)	(1,400		)	220			39	%	379			21	%	70			17	%
Net flows	(184		)	442			1,451			562			1			(1,114		)	2,014			185				#	3,128				#	(561		)	(100	)%
Policyholder interest credited	103			107			126			145			151			297			422			48			47	%	125			42	%	6			4	%
Other	4			(3		)	—			(48		)	(1		)	36			(49		)	(5		)		#	(85		)		#	47			98	%
Total ending balance - contract accumulation values	$	11,682		$	12,228		$	13,805		$	14,464		$	14,615		$	11,682		$	14,615		$	2,933		25	%	$	2,933		25	%	$	151		1	%
Capitalized Interest	$	2		$	5		$	10		$	10		$	9		$	6		$	29		$	7			#	$	23			#	$	(1	)	(10	)%
Payout Annuities Reserve Balance	$	2,121		$	2,105		$	2,082		$	2,115		$	2,104		$	2,121		$	2,104		$	(17	)	(1	)%	$	(17	)	(1	)%	$	(11	)	(1	)%
Tax Equivalent Spread - Fixed Annuities(2)
Gross rate of return on invested assets	5.3		%	5.2		%	5.5		%	6.3		%	6.4		%	5.4		%	6.1		%	1.1		%			0.7		%			0.1		%
Crediting rate excluding capitalized interest	(3.7		)%	(3.8		)%	(3.8		)%	(4.0		)%	(4.0		)%	(3.7		)%	(4.0		)%	(0.3		)%			(0.3		)%			—
Tax equivalent margin spread	1.6		%	1.4		%	1.7		%	2.3		%	2.4		%	1.7		%	2.1		%	0.8		%			0.4		%			0.1		%
Total Variable Annuities DAC
Beginning balance	$	2,186		$	2,176		$	2,063		$	1,894		$	2,060		$	2,086		$	2,063		$	(126	)	(6	)%	$	(23	)	(1	)%	$	166		9	%
Capitalization	83			60			61			68			68			283			197			(15		)	(18	)%	(86		)	(30	)%	—			—
Amortization per income statement	(77		)	(291		)	(207		)	200			70			(233		)	63			147				#	296				#	(130		)	(65	)%
Cumulative effect of accounting change (3)	—			—			—			—			—			36			—			—			—		(36		)		#	—			—
Other (FAS 115)	(16		)	118			(23		)	(102		)	(82		)	4			(207		)	(66		)		#	(211		)		#	20			20	%
Total ending balance	$	2,176		$	2,063		$	1,894		$	2,060		$	2,116		$	2,176		$	2,116		$	(60	)	(3	)%	$	(60	)	(3	)%	$	56		3	%
Total Fixed Annuities DAC
Beginning balance	$	247		$	217		$	316		$	366		$	389		$	250		$	316		$	142		57	%	$	66		26	%	$	23		6	%
Capitalization	16			50			99			46			19			26			164			3			19	%	138				#	(27		)	(59	)%
Amortization per income statement	(19		)	(4		)	(12		)	(18		)	(6		)	(48		)	(36		)	13			68	%	12			25	%	12			67	%
Cumulative effect of accounting change (3)	—			—			—			—			—			—			—			—			—		—			—		—			—
Other (FAS 115)	(27		)	53			(37		)	(5		)	(98		)	(11		)	(140		)	(71		)		#	(129		)		#	(93		)		#
Total ending balance	$	217		$	316		$	366		$	389		$	304		$	217		$	304		$	87		40	%	$	87		40	%	$	(85	)	(22	)%

(1)	Includes payout annuities.
(2)	Attributable to interest sensitive products only, which have been approximately 98% 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 FAS 157 in 1st Qtr 2008.

#  Variance of 100% or greater.

19

Statistical Supplement Package

(unaudited)

Third Quarter 2009

Protection Segment

20

Ameriprise Financial, Inc.

Protection Segment

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions unless otherwise noted, unaudited)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	14		$	11		$	10		$	11		$	13		$	45		$	34		$	(1	)	(7	)%	$	(11	)	(24	)%	$	2		18	%
Distribution fees	26			28			24			24			24			78			72			(2		)	(8	)%	(6		)	(8	)%	—			—
Net investment income	42			42			100			97			112			210			309			70				#	99			47	%	15			15	%
Premiums	251			254			247			254			257			740			758			6			2	%	18			2	%	3			1	%
Other revenues	209			115			115			111			44			432			270			(165		)	(79	)%	(162		)	(38	)%	(67		)	(60	)%
Total revenues	542			450			496			497			450			1,505			1,443			(92		)	(17	)%	(62		)	(4	)%	(47		)	(9	)%
Banking and deposit interest expense	—			—			—			—			—			1			—			—			—		(1		)		#	—			—
Total net revenues	542			450			496			497			450			1,504			1,443			(92		)	(17	)%	(61		)	(4	)%	(47		)	(9	)%
Expenses
Distribution expenses	4			3			5			6			4			15			15			—			—		—			—		(2		)	(33	)%
Interest credited to fixed accounts	37			36			36			36			36			108			108			(1		)	(3	)%	—			—		—			—
Benefits, claims, losses and settlement expenses	187			218			229			236			213			638			678			26			14	%	40			6	%	(23		)	(10	)%
Amortization of deferred acquisition costs	138			95			61			51			(5		)	238			107			(143		)		#	(131		)	(55	)%	(56		)		#
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	72			65			53			58			57			186			168			(15		)	(21	)%	(18		)	(10	)%	(1		)	(2	)%
Total expenses	438			417			384			387			305			1,185			1,076			(133		)	(30	)%	(109		)	(9	)%	(82		)	(21	)%
Pretax segment income	$	104		$	33		$	112		$	110		$	145		$	319		$	367		$	41		39	%	$	48		15	%	$	35		32	%
Pretax Operating Earnings (1)
Pretax segment income	$	104		$	33		$	112		$	110		$	145		$	319		$	367		$	41		39	%	$	48		15	%	$	35		32	%
Realized (gains) losses	44			44			(8		)	1			(7		)	48			(14		)	(51		)		#	(62		)		#	(8		)		#
Total pretax operating earnings	$	148		$	77		$	104		$	111		$	138		$	367		$	353		$	(10	)	(7	)%	$	(14	)	(4	)%	$	27		24	%
Income Statement Metrics
Pretax segment income margin	19.2		%	7.3		%	22.6		%	22.1		%	32.2		%	21.2		%	25.4		%	13.0		%			4.2		%			10.1		%
Pretax operating earnings margin (1)	27.3		%	17.1		%	21.0		%	22.3		%	30.7		%	24.4		%	24.5		%	3.4		%			0.1		%			8.4		%
Net Investment Income
Investment income on fixed maturities	$	77		$	75		$	81		$	85		$	94		$	232		$	260		$	17		22	%	$	28		12	%	$	9		11	%
Realized gains (losses)	(44		)	(44		)	8			(1		)	7			(48		)	14			51				#	62				#	8				#
Other (including seed money)	9			11			11			13			11			26			35			2			22	%	9			35	%	(2		)	(15	)%
Total net investment income	$	42		$	42		$	100		$	97		$	112		$	210		$	309		$	70			#	$	99		47	%	$	15		15	%
Balance Sheet Metrics
Allocated equity	$	2,470		$	2,339		$	2,388		$	2,450		$	2,463		$	2,470		$	2,463		$	(7	)	—		$	(7	)	—		$	13		1	%
Pretax return on allocated equity	20.0		%	14.9		%	15.2		%	14.9		%	16.5		%	20.0		%	16.5		%	(3.5		)%			(3.5		)%			1.6		%
Product Information
Long Term Care
Pretax income (loss)	$	(17	)	$	(12	)	$	10		$	3		$	13		$	(17	)	$	26		$	30			#	$	43			#	$	10			#
Allocated equity	$	597		$	561		$	569		$	578		$	590		$	597		$	590		$	(7	)	(1	)%	$	(7	)	(1	)%	$	12		2	%
Pretax return on allocated equity	(2.6		)%	(5.0		)%	(3.3		)%	(2.8		)%	2.4		%	(2.6		)%	2.4		%	5.0		%			5.0		%			5.2		%
Protection excluding Long Term Care
Pretax income	$	121		$	45		$	102		$	107		$	132		$	336		$	341		$	11		9	%	$	5				$	25		23	%
Allocated equity	$	1,873		$	1,778		$	1,819		$	1,872		$	1,873		$	1,873		$	1,873		$	—		—		$	—		—		$	1		—
Pretax return on allocated equity	27.3		%	21.3		%	21.1		%	20.6		%	20.9		%	27.3		%	20.9		%	(6.4		)%			(6.4		)%			0.3		%

(1)    See non-GAAP Financial Information.

#  Variance of 100% or greater.

21

Ameriprise Financial, Inc.

Protection Segment

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions unless otherwise noted, unaudited)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Cash Sales
VUL / UL (1)	$	57		$	43		$	33		$	45		$	55		$	185		$	133		$	(2	)	(4	)%	$	(52	)	(28	)%	$	10		22	%
Term and whole life	4			5			3			4			4			13			11			—			—		(2		)	(15	)%	—			—
Disability insurance	3			3			1			3			1			11			5			(2		)	(67	)%	(6		)	(55	)%	(2		)	(67	)%
Auto and Home	166			154			165			165			178			477			508			12			7	%	31			6	%	13			8	%
Total cash sales	$	230		$	205		$	202		$	217		$	238		$	686		$	657		$	8		3	%	$	(29	)	(4	)%	$	21		10	%
VUL / UL Policyholder Account Balances
Beginning balance	$	9,303		$	8,591		$	7,570		$	7,350		$	7,957		$	9,836		$	7,570		$	(1,346	)	(14	)%	$	(2,266	)	(23	)%	$	607		8	%
Premiums and deposits	254			230			228			231			242			776			701			(12		)	(5	)%	(75		)	(10	)%	11			5	%
Investment performance and interest	(627		)	(965		)	(260		)	644			674			(1,153		)	1,058			1,301				#	2,211				#	30			5	%
Withdrawals and surrenders	(308		)	(255		)	(254		)	(268		)	(280		)	(833		)	(802		)	28			9	%	31			4	%	(12		)	(4	)%
Other	(31		)	(31		)	66			—			—			(35		)	66			31				#	101				#	—			—
Total ending balance	$	8,591		$	7,570		$	7,350		$	7,957		$	8,593		$	8,591		$	8,593		$	2		—		$	2		—		$	636		8	%
Premiums by Product
Term and whole life	$	15		$	14		$	14		$	14		$	14		$	45		$	42		$	(1	)	(7	)%	$	(3	)	(7	)%	$	—		—
Disability insurance	44			43			43			42			43			130			128			(1		)	(2	)%	(2		)	(2	)%	1			2	%
Long term care	31			31			29			30			30			90			89			(1		)	(3	)%	(1		)	(1	)%	—			—
Auto and Home	154			157			156			160			164			453			480			10			6	%	27			6	%	4			3	%
Intercompany premiums	7			9			5			8			6			22			19			(1		)	(14	)%	(3		)	(14	)%	(2		)	(25	)%
Total premiums by product	$	251		$	254		$	247		$	254		$	257		$	740		$	758		$	6		2	%	$	18		2	%	$	3		1	%
Auto and Home Insurance
Policy count (thousands)	540			547			558			570			581			540			581			41			8	%	41			8	%	11			2	%
Loss ratio	75.7		%	80.4		%	79.6		%	79.6		%	80.4		%	77.1		%	79.9		%	4.7		%			2.8		%			0.8		%
Expense ratio	20.5		%	16.2		%	14.8		%	15.2		%	15.0		%	17.5		%	15.0		%	(5.5		)%			(2.5		)%			(0.2		)%
Combined ratio	96.2		%	96.6		%	94.4		%	94.8		%	95.4		%	94.6		%	94.9		%	(0.8		)%			0.3		%			0.6		%
DAC Rollforward
Life and Health
Beginning balance	$	2,016		$	1,920		$	1,946		$	1,920		$	1,858		$	1,998		$	1,946		$	(158	)	(8	)%	$	(52	)	(3	)%	$	(62	)	(3	)%
Capitalization	40			41			29			30			32			128			91			(8		)	(20	)%	(37		)	(29	)%	2			7	%
Amortization per income statement	(126		)	(83		)	(48		)	(38		)	17			(202		)	(69		)	143				#	133			66	%	55				#
Other (FAS 115)	(10		)	68			(7		)	(54		)	(54		)	(4		)	(115		)	(44		)		#	(111		)		#	—			—
Total ending balance	$	1,920		$	1,946		$	1,920		$	1,858		$	1,853		$	1,920		$	1,853		$	(67	)	(3	)%	$	(67	)	(3	)%	$	(5	)	—
Life insurance in force	$	192,002		$	192,061		$	192,022		$	192,186		$	192,558		$	192,002		$	192,558		$	556		—		$	556		—		$	372		—
Net Amount at Risk	$	58,001		$	56,857		$	55,578		$	54,336		$	53,346		$	58,001		$	53,346		$	(4,655	)	(8	)%	$	(4,655	)	(8	)%	$	(990	)	(2	)%
Net Policyholder Reserves
VUL / UL	$	7,604		$	6,637		$	6,360		$	6,911		$	7,552		$	7,604		$	7,552		$	(52	)	(1	)%	$	(52	)	(1	)%	$	641		9	%
Term and whole life	236			238			236			234			238			236			238			2			1	%	2			1	%	4			2	%
Disability insurance	454			458			469			472			476			454			476			22			5	%	22			5	%	4			1	%
Long term care and other	2,374			2,375			2,351			2,374			2,401			2,374			2,401			27			1	%	27			1	%	27			1	%
Auto and Home loss and LAE reserves	308			308			303			304			306			308			306			(2		)	(1	)%	(2		)	(1	)%	2			1	%
Total net policyholder reserves	$	10,976		$	10,016		$	9,719		$	10,295		$	10,973		$	10,976		$	10,973		$	(3	)	—		$	(3	)	—		$	678		7	%

(1)  Includes lump sum deposits.

#  Variance of 100% or greater.

22

Statistical Supplement Package

(unaudited)

Third Quarter 2009

Corporate & Other Segment

23

Ameriprise Financial, Inc.

Corporate & Other Segment

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions unless otherwise noted, unaudited)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Distribution fees	—			—			—			—			—			—			—			—			—		—			—		—			—
Net investment income	(9		)	(36		)	(21		)	(15		)	(11		)	11			(47		)	(2		)	(22	)%	(58		)		#	4			27	%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	—			22			51			8			2			4			61			2			—		57				#	(6		)	(75	)%
Total revenues	(9		)	(14		)	30			(7		)	(9		)	15			14			—			—		(1		)	(7	)%	(2		)	(29	)%
Banking and deposit interest expense	—			1			1			(2		)	2			1			1			2			—		—			—		4				#
Total net revenues	(9		)	(15		)	29			(5		)	(11		)	14			13			(2		)	(22	)%	(1		)	(7	)%	(6		)		#
Expenses
Distribution expenses	—			—			1			1			—			1			2			—			—		1				#	(1		)		#
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	27			28			26			28			45			81			99			18			67	%	18			22	%	17			61	%
General and administrative expense	134			74			26			32			39			179			97			(95		)	(71	)%	(82		)	(46	)%	7			22	%
Total expenses	161			102			53			61			84			261			198			(77		)	(48	)%	(63		)	(24	)%	23			38	%
Pretax segment loss	$	(170	)	$	(117	)	$	(24	)	$	(66	)	$	(95	)	$	(247	)	$	(185	)	$	75		44	%	$	62		25	%	$	(29	)	(44	)%
Net Investment Income
Investment income on fixed maturities	$	10		$	5		$	—		$	—		$	1		$	47		$	1		$	(9	)	(90	)%	$	(46	)	(98	)%	$	1		—
Realized gains (losses)	1			(3		)	—			7			2			—			9			1				#	9			—		(5		)	(71	)%
Affordable housing	(7		)	(17		)	(6		)	(7		)	(7		)	(22		)	(20		)	—			—		2			9	%	—			—
Other	(13		)	(21		)	(15		)	(15		)	(7		)	(14		)	(37		)	6			46	%	(23		)		#	8			53	%
Total net investment income	$	(9	)	$	(36	)	$	(21	)	$	(15	)	$	(11	)	$	11		$	(47	)	$	(2	)	(22	)%	$	(58	)		#	$	4		27	%
Balance Sheet Metrics
Allocated equity	$	1,224		$	115		$	484		$	2,087		$	2,144		$	1,224		$	2,144		$	920		75	%	$	920		75	%	$	57		3	%

#  Variance of 100% or greater.

24

Ameriprise Financial, Inc.

Eliminations(1)

Third Quarter 2009

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 3Q					YTD Chg - 3Q					Seq Qtr Chg - 3Q
(in millions unless otherwise noted, unaudited)	3 Qtr 2008			4 Qtr 2008			1 Qtr 2009			2 Qtr 2009			3 Qtr 2009			2008			2009			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	(13	)	$	(12	)	$	(23	)	$	(34	)	$	(31	)	$	(39	)	$	(88	)	$	(18	)		#	$	(49	)		#	$	3		9	%
Distribution fees	(236		)	(235		)	(248		)	(208		)	(208		)	(740		)	(664		)	28			12	%	76			10	%	—			—
Net investment income	(2		)	—			—			—			(1		)	(6		)	(1		)	1			50	%	5			83	%	(1		)	—
Premiums	(8		)	(8		)	(5		)	(8		)	(6		)	(23		)	(19		)	2			25	%	4			17	%	2			25	%
Other revenues	—			—			—			—			—			—			—			—			—		—			—		—			—
Total revenues	(259		)	(255		)	(276		)	(250		)	(246		)	(808		)	(772		)	13			5	%	36			4	%	4			2	%
Banking and deposit interest expense	(2		)	(2		)	(1		)	—			—			(7		)	(1		)	2				#	6			86	%	—			—
Total net revenues	(257		)	(253		)	(275		)	(250		)	(246		)	(801		)	(771		)	11			4	%	30			4	%	4			2	%
Expenses
Distribution expenses	(209		)	(199		)	(222		)	(187		)	(192		)	(653		)	(601		)	17			8	%	52			8	%	(5		)	(3	)%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	(48		)	(54		)	(53		)	(63		)	(54		)	(148		)	(170		)	(6		)	(13	)%	(22		)	(15	)%	9			14	%
Total expenses	(257		)	(253		)	(275		)	(250		)	(246		)	(801		)	(771		)	11			4	%	30			4	%	4			2	%
Pretax segment income (loss)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—

(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)

Third Quarter 2009

Balance Sheet and Ratings Information

26

Ameriprise Financial, Inc.

Consolidated Balance Sheets

(in millions, unaudited)	September 30, 2008			December 31, 2008			March 31, 2009			June 30, 2009			September 30, 2009
Assets
Cash and cash equivalents	$	4,043		$	6,228		$	5,796		$	4,469		$	3,580
Investments	28,101			27,522			30,738			34,793			36,847
Separate account assets	52,762			44,746			42,014			48,661			55,576
Receivables	3,921			3,887			3,579			4,067			4,247
Deferred acquisition costs	4,374			4,383			4,237			4,361			4,323
Restricted and segregated cash	1,837			1,883			1,811			1,730			1,822
Other assets	4,013			6,928			6,406			5,133			4,806
Total assets	$	99,051		$	95,577		$	94,581		$	103,214		$	111,201
Liabilities
Future policy benefits and claims	$	26,981		$	29,293		$	30,956		$	30,916		$	31,042
Separate account liabilities	52,762			44,746			42,014			48,661			55,576
Customer deposits	7,723			8,229			8,465			9,216			9,028
Debt	2,080			2,027			1,922			2,435			2,076
Accounts payable and accrued expenses	758			887			713			825			765
Other liabilities	1,638			3,928			3,874			2,787			3,320
Total liabilities	91,942			89,110			87,944			94,840			101,807
Shareholders’ Equity
Ameriprise Financial
Common shares ($.01 par)	3			3			3			3			3
Additional paid-in capital	4,704			4,688			4,719			5,641			5,699
Retained earnings	5,004			4,592			4,817			4,875			5,091
Treasury stock	(2,021		)	(2,012		)	(2,021		)	(2,021		)	(2,021		)
Accumulated other comprehensive income (loss), net of tax	(973		)	(1,093		)	(1,134		)	(388		)	277
Total Ameriprise Financial shareholders’ equity	6,717			6,178			6,384			8,110			9,049
Noncontrolling interest	392			289			253			264			345
Total equity	7,109			6,467			6,637			8,374			9,394
Total liabilities and shareholders’ equity	$	99,051		$	95,577		$	94,581		$	103,214		$	111,201

27

Ameriprise Financial, Inc.

Capital and Ratings Information

(in millions unless otherwise noted, unaudited)	September 30, 2008			December 31, 2008			March 31, 2009			June 30, 2009			September 30, 2009
Debt Summary
Senior notes	$	1,500		$	1,500		$	1,500		$	1,990		$	1,540
Junior subordinated notes (2)	500			457			344			322			322
Non-recourse debt
Debt for inverse floaters	12			6			6			6			6
Debt of property fund limited partnerships	68			64			72			117			208
Total non-recourse debt	80			70			78			123			214
Total debt	$	2,080		$	2,027		$	1,922		$	2,435		$	2,076
Total debt	$	2,080		$	2,027		$	1,922		$	2,435		$	2,076
Total non-recourse debt	(80		)	(70		)	(78		)	(123		)	(214		)
Total debt excluding non-recourse debt (1)	2,000			1,957			1,844			2,312			1,862
Junior subordinated notes 75% equity credit (2)	(375		)	(343		)	(258		)	(242		)	(242		)
Total debt excluding non-recourse debt and 75% equity credit (1),(2)	$	1,625		$	1,614		$	1,586		$	2,070		$	1,620
Total Ameriprise Financial shareholders’ equity	$	6,717		$	6,178		$	6,384		$	8,110		$	9,049
Total capital	8,797			8,205			8,306			10,545			11,125
Total capital excluding non-recourse debt (1)	$	8,717		$	8,135		$	8,228		$	10,422		$	10,911
Other Information
Debt to total capital	23.6		%	24.7		%	23.1		%	23.1		%	18.7		%
Debt to total capital excluding non-recourse debt (1)	22.9		%	24.1		%	22.4		%	22.2		%	17.1		%
Debt to total capital excluding non-recourse debt and 75% equity credit (1)	18.6		%	19.8		%	19.3		%	19.9		%	14.8		%

Ratings (as of September 30, 2009)	A.M. Best Company	Standard & Poor’s Rating Services	Moody’s Investors Service, Inc.	Fitch Ratings Ltd.
Claims Paying Ratings (3)
RiverSource Life Insurance Company	A+	AA-	Aa3	AA-
IDS Property Casualty Ins. Company	A	N/R	N/R	N/R
Debt Ratings (3)
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.

(3)For the most current ratings information, please see the individual rating agency’s website.

28

Ameriprise Financial, Inc.

Investments

(in millions unless otherwise noted, unaudited)	September 30, 2008			December 31, 2008			March 31, 2009			June 30, 2009			September 30, 2009
Cash and cash equivalents	$	4,043		$	6,228		$	5,796		$	4,469		$	3,580
Investments - Ending Balances
Available-for-Sale Securities
Corporate debt securities	12,593			12,599			12,969			15,016			16,487
Residential mortgage backed securities	5,741			5,235			6,720			7,434			8,049
Commercial mortgage backed securities	2,711			2,733			3,438			4,056			4,373
Asset backed securities	1,053			958			1,305			1,909			1,846
Total mortgage and other asset backed securities	9,505			8,926			11,463			13,399			14,268
Other structured investments	35			50			38			49			55
State and municipal obligations	923			873			947			1,089			1,322
US government and agencies obligations	265			271			188			185			312
Foreign government bonds and obligations	107			107			105			106			109
Common and preferred stocks	49			37			23			39			48
Other AFS	18			10			29			28			24
Total other	1,397			1,348			1,330			1,496			1,870
Total available-for-sale securities	23,495			22,873			25,762			29,911			32,625
Commercial mortgage loans	2,939			2,906			2,871			2,786			2,735
Allowance for loan losses	(18		)	(19		)	(19		)	(28		)	(29		)
Commercial mortgage loans, net	2,921			2,887			2,852			2,758			2,706
Policy loans	730			729			722			715			719
Trading securities	374			501			874			904			313
Other investments	581			532			528			505			484
Total investments	28,101			27,522			30,738			34,793			36,847
Total cash, cash equivalents and investments	$	32,144		$	33,750		$	36,534		$	39,262		$	40,427
SFAS 115 Mark-to-market AFS	$	(1,517	)	$	(1,835	)	$	(1,822	)	$	(577	)	$	799
AFS Fixed Maturity Asset Quality - %
AAA	41		%	40		%	42		%	42		%	41		%
AA	8		%	7		%	6		%	4		%	4		%
AFS securities AA and above	49		%	47		%	48		%	46		%	45		%
A	17		%	19		%	15		%	13		%	16		%
BBB	27		%	29		%	31		%	34		%	33		%
Below investment grade	7		%	5		%	6		%	7		%	6		%
Total AFS fixed maturity asset quality - %	100		%	100		%	100		%	100		%	100		%
Fair Value of Below Investment Grade as a % of Total cash and investments	7		%	5		%	6		%	7		%	6		%

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.

This report contains certain non-GAAP measures, which our management views as important indicators of financial performance. These non-GAAP measures include:

· Pretax income (loss) margin and Pretax segment income (loss) margin;

· Net income (loss) attributable to Ameriprise Financial margin;

· Pretax return on allocated equity;

· 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; 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 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.

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 Ameriprise Financial 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.

Ameriprise Financial - Ameriprise Financial includes ownership interests in subsidiaries that are attributable, directly or indirectly, to Ameriprise Financial, Inc. and excludes noncontrolling interests.

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 Ameriprise Financial shareholders’ equity divided by the number of basic common shares outstanding at period-end.

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

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

Net Income (Loss) 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 Segment Income (Loss) or Pretax Income (Loss) - Income (loss) before net income (loss) attributable to noncontrolling interest and income tax provision (benefit).

Pretax Segment Income (Loss) Margin or Pretax Income (Loss) Margin - A ratio representing pretax income (loss) or pretax segment income (loss) as a percentage of total net revenues.

Pretax Operating Earnings - Pretax segment income (loss) 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 (loss) 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.

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

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

Threadneedle - Threadneedle Asset Management Holdings Sarl is a holding company for the London-based Threadneedle companies, which provide investment management products and services.

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

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

32

Exhibit A

Statistical Supplement Package

(unaudited)

Third Quarter 2009

Domestic Mutual Fund Performance and

Lipper Ranking

33

Equity Fund Performance & Lipper Ranking

As of September 30, 2009

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 at POP (1)
	TotalNet	TotalNet	Gross													Fund	Since				Max.Front
	Assets	Assets	Expense	1 year			3 years			5 years			10 years			Inception	Inception	Ranking Since			Sales					Since
ClassASharesbyLipperCategory	(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
Threadneedle Emerging Markets Fund	581.70	9/30/2009	1.87	14.26	49	%	6.34	39	%	16.06	36	%	10.43	68	%	11/13/1996	7.91	11/14/1996	45	%	5.75	7.69	4.26	14.70	9.78	7.42
Lipper Fund Ranking / Total Funds in Category					166 / 341			90 / 234			64 / 178			71 / 104					28 / 62
Equity Income Funds
RiverSource Diversified Equity Income Fund	4,561.90	9/30/2009	1.08	-8.91	68	%	-6.18	67	%	3.32	26	%	4.44	23	%	10/15/1990	9.64	10/18/1990	39	%	5.75	-14.15	-8.01	2.10	3.83	9.30
Lipper Fund Ranking / Total Funds in Category					205 / 304			157 / 236			48 / 186			24 / 105					10 / 25
RiverSource Dividend Opportunity Fund	1,197.90	9/30/2009	1.13	-4.12	25	%	-4.37	44	%	3.26	28	%	0.84	78	%	8/1/1988	7.71	8/31/1988	77	%	5.75	-9.64	-6.24	2.04	0.25	7.41
Lipper Fund Ranking / Total Funds in Category					74 / 304			103 / 236			51 / 186			82 / 105					16 / 20
European Region Funds
Threadneedle European Equity Fund	73.40	9/30/2009	1.58	4.44	24	%	-0.47	15	%	7.74	30	%				6/26/2000	0.90	6/26/2000	72	%	5.75	-1.56	-2.42	6.47		0.26
Lipper Fund Ranking / Total Funds in Category					25 / 106			14 / 95			26 / 87								43 / 59
Extended U.S. Large-Cap Core Funds
RiverSource 120/20 Contrarian Equity Fund	40.60	9/30/2009	1.79	0.80	17	%										10/18/2007	-16.61	10/18/2007	40	%	5.75	-5.00				-19.10
Lipper Fund Ranking / Total Funds in Category					7 / 42														11 / 27
Flexible Portfolio Funds
RiverSource Strategic Allocation Fund	1,287.70	9/30/2009	1.04	-2.33	81	%	-3.05	78	%	3.01	67	%	2.21	78	%	1/23/1985	9.16	1/31/1985	60	%	5.75	-7.94	-4.94	1.79	1.60	8.90
Lipper Fund Ranking / Total Funds in Category					143 / 176			91 / 116			55 / 82			39 / 49					3 / 4
Global Large Cap Growth Funds
Threadneedle Global Equity Fund	514.00	9/30/2009	1.46	-0.43	37	%	-3.41	40	%	5.32	25	%	0.08	74	%	5/29/1990	4.36	5/31/1990	80	%	5.75	-6.16	-5.30	4.08	-0.51	4.04
Lipper Fund Ranking / Total Funds in Category					31 / 85			23 / 57			11 / 43			25 / 33					4 / 4
Global Multi Cap Growth Funds
Threadneedle Global Equity Income Fund	28.20	9/30/2009	4.62	0.15	57	%										8/1/2008	-10.04	8/1/2008	50	%	5.75	-5.61				-14.50
Lipper Fund Ranking / Total Funds in Category					59 / 103														48 / 95
Global Real Estate Funds
RiverSource LaSalle Global Real Estate Fund (2)	15.00	9/30/2009	2.38	-23.85	95	%										12/29/2006	-21.62	12/29/2006	93	%	5.75	-28.23				-23.29
Lipper Fund Ranking / Total Funds in Category					76 / 79														49 / 52
Global Small-/Mid-Cap Funds
Seligman Global Smaller Companies Fund (2)	80.10	9/30/2009	1.93	2.58	46	%	-6.50	80	%	3.53	66	%	0.74	80	%	8/31/1992	6.56	8/31/1992	72	%	5.75	-3.32	-8.33	2.31	0.14	6.19
Lipper Fund Ranking / Total Funds in Category					34 / 73			46 / 57			36 / 54			23 / 28					5 / 6
Global Science & Technology Funds
Seligman Global Technology Fund	448.80	9/30/2009	1.77	15.13	35	%	3.65	14	%	9.04	4	%	0.68	16	%	5/23/1994	9.84	5/26/1994	25	%	5.75	8.51	1.63	7.75	0.09	9.41
Lipper Fund Ranking / Total Funds in Category					25 / 72			9 / 64			2 / 59			3 / 18					1 / 3
Gold-Oriented Funds
RiverSource Precious Metals and Mining Fund	142.30	9/30/2009	1.53	42.70	8	%	11.79	63	%	15.04	69	%	14.40	77	%	4/22/1985	8.21	4/30/1985	50	%	5.75	34.50	9.61	13.69	13.72	7.95
Lipper Fund Ranking / Total Funds in Category					5 / 69			34 / 53			35 / 50			23 / 29					5 / 9
Industrials Funds
RiverSource Recovery and Infrastructure Fund	323.30	9/30/2009	1.88													2/19/2009					5.75
Lipper Fund Ranking / Total Funds in Category
International Large Cap Core Funds
Threadneedle International Opportunity Fund	414.90	9/30/2009	1.45	-0.42	58	%	-3.65	46	%	5.47	52	%	-0.46	93	%	11/15/1984	7.18	11/30/1984	88	%	5.75	-6.14	-5.53	4.23	-1.04	6.92
Lipper Fund Ranking / Total Funds in Category					210 / 364			137 / 303			135 / 263			132 / 142					7 / 7
International Multi Cap Growth Funds
RiverSource Disciplined International Equity Fund	408.60	9/30/2009	1.43	-4.41	85	%	-6.11	84	%							5/18/2006	-4.98	5/18/2006	78	%	5.75	-9.90	-7.95			-6.64
Lipper Fund Ranking / Total Funds in Category					116 / 137			75 / 89											66 / 84
RiverSource Partners International Select Growth Fund (2)	418.40	9/30/2009	1.56	-1.60	77	%	-4.38	62	%	5.72	70	%				9/28/2001	6.89	9/28/2001	56	%	5.75	-7.26	-6.25	4.47		6.10
Lipper Fund Ranking / Total Funds in Category					105 / 137			55 / 89			43 / 61								30 / 53
International Multi Cap Value Funds
RiverSource Partners International Select Value Fund (2)	1,010.90	9/30/2009	1.29	-3.07	83	%	-8.69	91	%	3.35	80	%				9/28/2001	7.10	9/28/2001	61	%	5.75	-8.64	-10.48	2.14		6.32
Lipper Fund Ranking / Total Funds in Category					100 / 120			77 / 84			50 / 62								28 / 45
International Small/Mid Cap Growth Funds
RiverSource Partners International Small Cap Fund (2)	64.10	9/30/2009	1.97	0.98	80	%	-6.21	78	%	2.70	88	%				10/3/2002	9.73	10/3/2002	93	%	5.75	-4.83	-8.04	1.49		8.80
Lipper Fund Ranking / Total Funds in Category					73 / 91			62 / 79			55 / 62								49 / 52

34

Equity Fund Performance & Lipper Ranking

As of September 30, 2009

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 at 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 Disciplined Equity Fund	4,406.10	9/30/2009	0.96	-10.64	91	%	-7.38	86	%	0.11	72	%				4/24/2003	3.47		4/24/2003	67	%	5.75	-15.78	-9.19	-1.07		2.53
Lipper Fund Ranking / Total Funds in Category					818 / 907			656 / 763			447 / 628									371 / 559
Large Cap Growth Funds
Seligman Growth Fund	1,606.10	9/30/2009	1.28	-2.30	43	%	-3.56	59	%	1.47	50	%	-3.14	82	%	12/31/1936		^				5.75	-7.91	-5.45	0.28	-3.71		^
Lipper Fund Ranking / Total Funds in Category					350 / 815			412 / 699			292 / 583			246 / 302
Large Cap Value Fund
RiverSource Equity Value Fund	708.40	9/30/2009	1.11	-7.80	47	%	-5.61	29	%	3.11	9	%	2.13	49	%	3/20/1995	6.55		3/23/1995	65	%	5.75	-13.10	-7.45	1.90	1.52	6.12
Lipper Fund Ranking / Total Funds in Category					254 / 550			136 / 481			33 / 397			95 / 194						66 / 102
RiverSource Large Cap Value Fund	262.90	9/30/2009	1.55	-5.75	31	%	-3.41	6	%	3.15	9	%	3.26	24	%	4/25/1997	5.18		4/25/1997	40	%	5.75	-11.17	-5.30	1.93	2.65	4.68
Lipper Fund Ranking / Total Funds in Category					166 / 550			25 / 481			32 / 397			46 / 194						19 / 47
Long-Short Equity Funds
Threadneedle Global Extended Alpha Fund	7.70	9/30/2009	5.55	3.76	13	%										8/1/2008	-9.00		8/1/2008	34	%	5.75	-2.20				-13.52
Lipper Fund Ranking / Total Funds in Category					15 / 118															37 / 111
Mid Cap Core Funds
RiverSource Disciplined Small and Mid-Cap Equity Fund	147.50	9/30/2009	1.40	-8.33	86	%	-9.14	95	%							5/18/2006	-9.14		5/18/2006	98	%	5.75	-13.60	-10.92			-10.73
Lipper Fund Ranking / Total Funds in Category					325 / 380			285 / 302												286 / 292
Mid Cap Growth Funds
RiverSource Mid Cap Growth Fund	734.30	9/30/2009	1.16	17.31	1	%	3.17	5	%	4.75	29	%	3.58	39	%	6/4/1957		^				5.75	10.57	1.16	3.52	2.97		^
Lipper Fund Ranking / Total Funds in Category					3 / 488			18 / 430			103 / 359			68 / 174
RiverSource Partners Aggressive Growth Fund (2)	347.60	9/30/2009	1.65	-7.63	78	%	-2.80	52	%	2.75	61	%				4/24/2003	7.10		4/24/2003	45	%	5.75	-12.94	-4.70	1.54		6.12
Lipper Fund Ranking / Total Funds in Category					378 / 488			220 / 430			218 / 359									146 / 324
Seligman Capital Fund	232.80	9/30/2009	1.54	2.02	24	%	-3.40	59	%	2.10	70	%	2.50	55	%	12/24/1969	11.05		12/31/1969	10	%	5.75	-3.85	-5.28	0.90	1.89	10.88
Lipper Fund Ranking / Total Funds in Category					117 / 488			253 / 430			249 / 359			96 / 174						1 / 10
Mid Cap Value Funds
RiverSource Mid Cap Value Fund	2,076.10	9/30/2009	1.28	-4.97	65	%	-4.62	47	%	4.52	21	%				2/14/2002	7.00		2/14/2002	17	%	5.75	-10.44	-6.49	3.29		6.17
Lipper Fund Ranking / Total Funds in Category					176 / 271			106 / 226			35 / 172									20 / 122
RiverSource Partners Select Value Fund (2)	294.10	9/30/2009	1.76	-6.64	87	%	-3.67	31	%	2.57	60	%				3/8/2002	4.15		3/8/2002	58	%	5.75	-12.01	-5.55	1.36		3.34
Lipper Fund Ranking / Total Funds in Category					236 / 271			70 / 226			103 / 172									73 / 127
Mixed-Asset Target 2010 Funds
RiverSource Retirement PlusSM 2010 Fund	8.90	9/30/2009	1.53	-0.28	91	%	-1.88	82	%							5/18/2006	-0.41		5/18/2006	77	%	5.75	-6.02	-3.80			-2.15
Lipper Fund Ranking / Total Funds in Category					159 / 174			91 / 110												77 / 100
Mixed-Asset Target 2015 Funds
RiverSource Retirement Plus 2015 Fund	21.10	9/30/2009	1.33	-2.35	88	%	-3.17	81	%							5/18/2006	-1.50		5/18/2006	66	%	5.75	-7.96	-5.07			-3.22
Lipper Fund Ranking / Total Funds in Category					102 / 115			46 / 56												32 / 48
Seligman TargETFund 2015	26.80	9/30/2009	1.50	-4.85	94	%	-4.00	95	%							10/3/2005	-0.54		10/3/2005	80	%	5.75	-10.32	-5.88			-2.00
Lipper Fund Ranking / Total Funds in Category					108 / 115			54 / 56												34 / 42
Mixed-Asset Target 2020 Funds
RiverSource Retirement Plus 2020 Fund	22.60	9/30/2009	1.37	-4.11	94	%	-4.38	95	%							5/18/2006	-2.62		5/18/2006	90	%	5.75	-9.62	-6.25			-4.32
Lipper Fund Ranking / Total Funds in Category					156 / 166			87 / 91												76 / 84
Mixed-Asset Target 2025 Funds
RiverSource Retirement Plus 2025 Fund	25.30	9/30/2009	1.41	-5.52	95	%	-5.29	93	%							5/18/2006	-3.51		5/18/2006	92	%	5.75	-10.95	-7.15			-5.19
Lipper Fund Ranking / Total Funds in Category					95 / 100			39 / 41												31 / 33
Seligman TargETFund 2025	34.30	9/30/2009	1.56	-2.94	86	%	-3.51	60	%							10/3/2005	-0.13		10/3/2005	41	%	5.75	-8.52	-5.39			-1.60
Lipper Fund Ranking / Total Funds in Category					86 / 100			25 / 41												13 / 31
Mixed-Asset Target 2030 Funds
RiverSource Retirement Plus 2030 Fund	25.70	9/30/2009	1.36	-5.55	96	%	-5.22	95	%							5/18/2006	-3.36		5/18/2006	88	%	5.75	-10.98	-7.08			-5.04
Lipper Fund Ranking / Total Funds in Category					153 / 160			84 / 88												72 / 81
Mixed-Asset Target 2035 Funds
RiverSource Retirement Plus 2035 Fund	18.10	9/30/2009	1.55	-5.58	98	%	-5.32	85	%							5/18/2006	-3.61		5/18/2006	64	%	5.75	-11.01	-7.17			-5.29
Lipper Fund Ranking / Total Funds in Category					94 / 95			32 / 37												19 / 29
Seligman TargETFund 2035	9.90	9/30/2009	2.53	-1.71	46	%										10/2/2006	-2.77		10/2/2006	34	%	5.75	-7.36				-4.67
Lipper Fund Ranking / Total Funds in Category					44 / 95															14 / 41

35

Equity Fund Performance & Lipper Ranking

As of September 30, 2009

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 at 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 2040 Funds
RiverSource Retirement Plus 2040 Fund	12.70	9/30/2009	1.90	-5.39	97	%	-5.20	82	%							5/18/2006	-3.36		5/18/2006	72	%	5.75	-10.83	-7.05			-5.05
Lipper Fund Ranking / Total Funds in Category					149 / 154			68 / 82												55 / 76
Mixed-Asset Target 2045 Funds
RiverSource Retirement Plus 2045 Fund	11.80	9/30/2009	2.08	-5.83	97	%	-5.34	63	%							5/18/2006	-3.55		5/18/2006	37	%	5.75	-11.25	-7.19			-5.23
Lipper Fund Ranking / Total Funds in Category					88 / 90			20 / 31												8 / 21
Seligman TargETFund 2045	4.70	9/30/2009	3.09	-2.00	44	%										10/2/2006	-2.83		10/2/2006	34	%	5.75	-7.63				-4.74
Lipper Fund Ranking / Total Funds in Category					40 / 90															12 / 35
Mixed-Asset Target Allocation Conservative Funds
RiverSource Portfolio Builder Conservative Fund	238.20	9/30/2009	1.06	6.90	39	%	2.89	21	%	3.87	24	%				3/4/2004	3.55		3/4/2004	24	%	4.75	1.82	1.23	2.87		2.65
Lipper Fund Ranking / Total Funds in Category					170 / 438			72 / 357			54 / 231									49 / 205
RiverSource Portfolio Builder Moderate Conservative Fund	407.70	9/30/2009	1.09	6.56	42	%	2.06	35	%	4.16	19	%				3/4/2004	3.76		3/4/2004	17	%	4.75	1.50	0.41	3.15		2.85
Lipper Fund Ranking / Total Funds in Category					184 / 438			122 / 357			44 / 231									34 / 205
Mixed-Asset Target Allocation Growth Funds
RiverSource Portfolio Builder Moderate Aggressive Fund	1,030.90	9/30/2009	1.21	2.96	28	%	-0.94	31	%	3.67	22	%				3/4/2004	3.12		3/4/2004	21	%	5.75	-2.96	-2.88	2.45		2.03
Lipper Fund Ranking / Total Funds in Category					187 / 667			168 / 541			97 / 442									85 / 417
Mixed-Asset Target Allocation Moderate Funds
RiverSource Balanced Fund	640.50	9/30/2009	0.95	0.12	83	%	-3.17	85	%	1.58	80	%	-0.77	98	%	4/16/1940		^				5.75	-5.64	-5.07	0.39	-1.35		^
Lipper Fund Ranking / Total Funds in Category					419 / 508			331 / 391			240 / 301			145 / 148
RiverSource Portfolio Builder Moderate Fund	1,105.30	9/30/2009	1.13	5.65	24	%	0.83	25	%	4.18	16	%				3/4/2004	3.76		3/4/2004	15	%	5.75	-0.42	-1.14	2.96		2.67
Lipper Fund Ranking / Total Funds in Category					118 / 508			97 / 391			48 / 301									38 / 268
Seligman TargETFund Core	58.70	9/30/2009	1.34	-2.69	92	%	-2.89	83	%							10/3/2005	-0.11		10/3/2005	79	%	5.75	-8.28	-4.79			-1.58
Lipper Fund Ranking / Total Funds in Category					467 / 508			323 / 391												275 / 348
Multi Cap Core Funds
RiverSource Disciplined Large Cap Growth Fund	641.60	9/30/2009	1.13	-1.27	30	%										5/17/2007	-11.23		5/17/2007	50	%	5.75	-6.94				-13.42
Lipper Fund Ranking / Total Funds in Category					228 / 778															345 / 690
RiverSource Partners Fundamental Value Fund (2)	582.00	9/30/2009	1.33	-6.47	69	%	-5.70	72	%	0.95	68	%				6/18/2001	1.34		6/18/2001	49	%	5.75	-11.85	-7.54	-0.24		0.61
Lipper Fund Ranking / Total Funds in Category					534 / 778			457 / 639			331 / 488									142 / 290
RiverSource Portfolio Builder Aggressive Fund	508.70	9/30/2009	1.28	0.56	20	%	-2.84	25	%	3.10	24	%				3/4/2004	2.45		3/4/2004	21	%	5.75	-5.22	-4.74	1.89		1.36
Lipper Fund Ranking / Total Funds in Category					151 / 778			154 / 639			114 / 488									91 / 440
RiverSource Portfolio Builder Total Equity Fund	441.20	9/30/2009	1.33	-2.12	36	%	-4.88	57	%	2.44	35	%				3/4/2004	1.69		3/4/2004	33	%	5.75	-7.75	-6.74	1.24		0.62
Lipper Fund Ranking / Total Funds in Category					278 / 778			364 / 639			170 / 488									142 / 440
Multi Cap Value Fund
RiverSource Disciplined Large Cap Value Fund	303.60	9/30/2009	4.21	-14.23	92	%										8/1/2008	-19.97		8/1/2008	94	%	5.75	-19.16				-23.94
Lipper Fund Ranking / Total Funds in Category					326 / 355															333 / 354
Real Estate Funds
RiverSource Real Estate Fund	156.30	9/30/2009	1.70	-28.08	56	%	-13.26	54	%	1.77	33	%				3/4/2004	2.76		3/4/2004	30	%	5.75	-32.22	-14.95	0.58		1.67
Lipper Fund Ranking / Total Funds in Category					143 / 256			116 / 214			61 / 187									48 / 163
RiverSource LaSalle Monthly Dividend Real Estate Fund (2)	26.00	9/30/2009	1.97	-38.25	95	%	-20.68	91	%	-6.22	90	%				7/16/2003	-1.14		7/16/2003	93	%	5.75	-41.80	-22.23	-7.32		-2.08
Lipper Fund Ranking / Total Funds in Category					242 / 256			194 / 214			169 / 187									125 / 134
S&P 500 Index Objective Funds
RiverSource S&P 500 Index Fund (3)	123.60	9/30/2009	0.74	-6.80	10	%	-5.69	38	%	0.62	49	%				10/25/1999	-0.81		10/28/1999	72	%	N/A	-6.80	-5.69	0.62		-0.81
Science & Technology Funds
Seligman Communications & Information Fund	3,327.30	9/30/2009	1.50	15.38	21	%	5.05	16	%	10.58	5	%	2.71	14	%	6/23/1983	13.35		6/30/1983	20	%	5.75	8.74	3.00	9.27	2.10	13.09
Lipper Fund Ranking / Total Funds in Category					32 / 152			21 / 137			6 / 124			7 / 52						1 / 4

36

Equity Fund Performance & Lipper Ranking

As of September 30, 2009

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 at 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
Small Cap Core Funds
RiverSource Partners Small Cap Equity Fund (2)	135.90	9/30/2009	1.78	-11.52	79	%	-6.13	67	%	1.05	69	%				3/8/2002	2.15	3/8/2002	80	%	5.75	-16.61	-7.97	-0.14		1.35
Lipper Fund Ranking / Total Funds in Category					579 / 739			405 / 612			338 / 495								309 / 386
RiverSource Partners Small Cap Value Fund (2)	378.80	9/30/2009	1.80	3.37	11	%	-2.39	26	%	3.07	38	%				6/18/2001	6.31	6/18/2001	25	%	5.75	-2.57	-4.30	1.85		5.55
Lipper Fund Ranking / Total Funds in Category					78 / 739			158 / 612			184 / 495								81 / 334
RiverSource Small Company Index Fund	404.90	9/30/2009	1.04	-10.28	71	%	-4.28	46	%	2.30	49	%	6.29	58	%	8/19/1996	6.90	8/22/1996	66	%	5.75	-15.44	-6.15	1.10	5.67	6.42
Lipper Fund Ranking / Total Funds in Category					521 / 739			277 / 612			241 / 495			146 / 254					69 / 105
Seligman Smaller Cap Value Fund	311.80	9/30/2009	1.81	0.93	19	%	-2.99	34	%	1.62	59	%	7.66	37	%	4/25/1997	6.97	4/25/1997	65	%	5.75	-4.87	-4.89	0.43	7.03	6.46
Lipper Fund Ranking / Total Funds in Category					137 / 739			205 / 612			292 / 495			93 / 254					27 / 41
Small Cap Growth Funds
RiverSource Partners Small Cap Growth Fund (2)	105.40	9/30/2009	0.00	-12.75	85	%	-5.83	75	%	0.21	76	%				1/24/2001	-2.67	1/24/2001	76	%	5.75	-17.76	-7.67	-0.97		-3.34
Lipper Fund Ranking / Total Funds in Category					482 / 568			367 / 489			304 / 404								212 / 281
Seligman Frontier Fund	38.40	9/30/2009	2.06	-5.47	46	%	-4.09	54	%	0.93	65	%	0.27	77	%	12/10/1984	8.46	12/31/1984	70	%	5.75	-10.91	-5.97	-0.26	-0.32	8.21
Lipper Fund Ranking / Total Funds in Category					260 / 568			261 / 489			262 / 404			162 / 212					7 / 9
Small Cap Value Funds
RiverSource Disciplined Small Cap Value Fund	50.10	9/30/2009	1.63	-12.08	79	%	-8.62	79	%							2/16/2006	-7.73	2/16/2006	85	%	5.75	-17.13	-10.41			-9.23
Lipper Fund Ranking / Total Funds in Category					252 / 320			218 / 277											218 / 256

^ 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 September 30, 2009

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
Taxable Funds
Emerging Markets Debt Funds
RiverSource Emerging Markets Bond Fund	232.10	9/30/2009	1.41	21.41	19	%	7.36	30	%							2/16/2006	6.94	2/16/2006	30	%	4.75	15.65	5.63			5.52
Lipper Fund Ranking / Total Funds in Category					18 / 94			18 / 60											16 / 54
Flexible Portfolio Funds
RiverSource Absolute Return Currency & Income Fund	264.60	9/30/2009	1.39	1.86	52	%	3.28	23	%							6/15/2006	3.37	6/15/2006	33	%	3	-1.20	2.24			2.42
Lipper Fund Ranking / Total Funds in Category					91 / 176			26 / 116											37 / 114
Global Income Funds
RiverSource Global Bond Fund	519.70	9/30/2009	1.32	14.38	40	%	7.12	40	%	5.40	51	%	5.89	51	%	3/20/1989	7.35	3/31/1989	38	%	4.75	8.95	5.40	4.38	5.37	7.10
Lipper Fund Ranking / Total Funds in Category					53 / 132			38 / 96			42 / 82			27 / 52					3 / 7
High Current Yield Funds
RiverSource High Yield Bond Fund	1,689.70	9/30/2009	1.14	16.75	25	%	4.64	20	%	5.80	12	%	4.87	51	%	12/8/1983	7.81	12/31/1983	48	%	4.75	11.20	2.95	4.78	4.36	7.61
Lipper Fund Ranking / Total Funds in Category					113 / 461			75 / 385			38 / 333			105 / 207					10 / 20
RiverSource Income Opportunities Fund	711.00	9/30/2009	1.19	15.04	42	%	4.74	18	%	5.21	25	%				6/19/2003	6.35	6/19/2003	27	%	4.75	9.57	3.06	4.19		5.53
Lipper Fund Ranking / Total Funds in Category					193 / 461			68 / 385			81 / 333								81 / 309
Intermediate Investment Grade Debt Funds
RiverSource Diversified Bond Fund	4,132.10	9/30/2009	0.95	10.17	72	%	4.65	62	%	4.05	58	%	4.87	77	%	10/3/1974	8.78	10/31/1974	25	%	4.75	4.94	2.97	3.04	4.36	8.63
Lipper Fund Ranking / Total Funds in Category					399 / 556			274 / 444			221 / 382			163 / 211					1 / 3
Loan Participation Funds
RiverSource Floating Rate Fund	413.60	9/30/2009	1.16	4.34	79	%	-0.37	70	%							2/16/2006	0.86	2/16/2006	53	%	3	1.21	-1.38			0.02
Lipper Fund Ranking / Total Funds in Category					71 / 90			37 / 52											25 / 47
Mixed-Asset Target Allocation Conservative Funds
RiverSource Income Builder Basic Income Fund	233.30	9/30/2009	1.02	6.00	49	%	2.50	25	%							2/16/2006	3.30	2/16/2006	20	%	4.75	0.96	0.85			1.92
Lipper Fund Ranking / Total Funds in Category					213 / 438			86 / 357											64 / 334
RiverSource Income Builder Moderate Income Fund	405.10	9/30/2009	1.07	5.37	57	%	1.65	42	%							2/16/2006	2.72	2/16/2006	32	%	4.75	0.37	0.01			1.35
Lipper Fund Ranking / Total Funds in Category					250 / 438			150 / 357											106 / 334
RiverSource Income Builder Enhanced Income Fund	203.90	9/30/2009	1.13	8.24	22	%	2.21	32	%							2/16/2006	3.12	2/16/2006	24	%	4.75	3.10	0.56			1.74
Lipper Fund Ranking / Total Funds in Category					93 / 438			111 / 357											78 / 334
Multi-Sector Income Funds
RiverSource Strategic Income Allocation Fund	294.20	9/30/2009	1.13	14.61	40	%										5/17/2007	3.97	5/17/2007	47	%	4.75	9.17				1.86
Lipper Fund Ranking / Total Funds in Category					61 / 152														57 / 122
Short-Intermediate Investment Grade Debt Funds
RiverSource Limited Duration Bond Fund	346.20	9/30/2009	1.06	9.14	72	%	4.03	69	%	3.49	63	%				6/19/2003	3.09	6/19/2003	60	%	3	5.87	2.98	2.86		2.59
Lipper Fund Ranking / Total Funds in Category					106 / 148			92 / 134			79 / 126								69 / 115
Short U.S. Government Funds
RiverSource Short Duration U.S. Government Fund	704.20	9/30/2009	1.02	4.07	66	%	3.35	86	%	2.95	80	%	3.54	84	%	8/19/1985	5.93	8/31/1985	17	%	3	0.95	2.31	2.32	3.23	5.80
Lipper Fund Ranking / Total Funds in Category					55 / 83			67 / 77			60 / 74			44 / 52					1 / 5
Treasury Inflation Protected Securities Funds
RiverSource Inflation Protected Securities Fund	658.60	9/30/2009	0.93	4.17	67	%	4.91	54	%	4.14	59	%				3/4/2004	3.96	3/4/2004	57	%	3	1.05	3.85	3.51		3.39
Lipper Fund Ranking / Total Funds in Category					86 / 128			59 / 109			37 / 62								30 / 52
U.S. Mortgage Funds
RiverSource U.S. Government Mortgage Fund	308.70	9/30/2009	1.08	7.75	64	%	4.45	60	%	3.91	53	%				2/14/2002	4.27	2/14/2002	50	%	4.75	2.63	2.77	2.90		3.61
Lipper Fund Ranking / Total Funds in Category					61 / 95			52 / 87			44 / 83								37 / 73
Tax-Exempt Funds
California Municipal Debt Funds
RiverSource California Tax-Exempt Fund	172.00	9/30/2009	0.87	15.94	6	%	4.10	16	%	4.19	16	%	4.95	32	%	8/18/1986	5.69	8/31/1986	72	%	4.75	10.44	2.42	3.18	4.44	5.46
Lipper Fund Ranking / Total Funds in Category					7 / 123			17 / 109			16 / 100			25 / 78					15 / 20
Seligman Municipal California High-Yield Fund	37.30	9/30/2009	1.06	12.73	55	%	4.69	5	%	4.54	6	%	5.42	9	%	11/20/1984	7.20	11/30/1984	25	%	4.75	7.37	3.01	3.53	4.91	6.99
Lipper Fund Ranking / Total Funds in Category					67 / 123			5 / 109			6 / 100			7 / 78					3 / 11
Seligman Municipal California Quality Fund	43.80	9/30/2009	1.01	13.42	39	%	4.35	8	%	4.02	28	%	5.16	26	%	11/20/1984	6.95	11/30/1984	59	%	4.75	8.03	2.67	3.01	4.65	6.74
Lipper Fund Ranking / Total Funds in Category					48 / 123			8 / 109			28 / 100			20 / 78					7 / 11
General Municipal Debt Funds
RiverSource Tax-Exempt High Income Fund	2,382.30	9/30/2009	0.99	16.85	11	%	3.59	47	%	3.63	46	%	4.58	51	%	5/7/1979	6.57	5/31/1979	48	%	4.75	11.30	1.93	2.63	4.07	6.40
Lipper Fund Ranking / Total Funds in Category					26 / 242			102 / 218			93 / 202			81 / 160					10 / 20
RiverSource Tax-Exempt Bond Fund	695.00	9/30/2009	0.89	15.53	22	%	3.79	39	%	3.72	44	%	4.76	43	%	11/24/1976	5.84	11/30/1976	63	%	4.75	10.04	2.12	2.72	4.25	5.69
Lipper Fund Ranking / Total Funds in Category					52 / 242			85 / 218			88 / 202			68 / 160					5 / 7
Seligman Municipal National Fund	702.50	9/30/2009	0.96	15.19	27	%	5.20	8	%	4.47	12	%	4.96	33	%	12/30/1983	7.16	12/31/1983	44	%	4.75	9.72	3.51	3.46	4.45	6.96
Lipper Fund Ranking / Total Funds in Category					64 / 242			16 / 218			23 / 202			52 / 160					14 / 31
Intermediate Municipal Debt Funds
RiverSource Intermediate Tax-Exempt Fund	93.50	9/30/2009	0.96	12.57	28	%	4.01	70	%	3.40	71	%	4.23	80	%	11/13/1996	4.17	11/14/1996	82	%	3	9.19	2.96	2.78	3.91	3.93
Lipper Fund Ranking / Total Funds in Category					43 / 156			100 / 142			90 / 126			60 / 74					53 / 64
Minnesota Municipal Debt Funds
RiverSource Minnesota Tax-Exempt Fund	338.00	9/30/2009	0.99	15.19	10	%	4.60	9	%	4.12	31	%	4.88	38	%	8/18/1986	5.80	8/31/1986	67	%	4.75	9.72	2.92	3.11	4.37	5.58
Lipper Fund Ranking / Total Funds in Category					4 / 39			3 / 34			10 / 32			12 / 31					4 / 5
Seligman Municipal Minnesota Fund	72.70	9/30/2009	0.93	11.03	75	%	4.44	15	%	3.85	52	%	4.81	44	%	12/30/1983	6.42	12/31/1983	50	%	4.75	5.76	2.76	2.84	4.30	6.22

38

Fixed Income Fund Performance & Lipper Ranking

As of September 30, 2009

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
Lipper Fund Ranking / Total Funds in Category					30 / 39			5 / 34			17 / 32			14 / 31					1 / 1
New York Municipal Debt Funds
RiverSource New York Tax-Exempt Fund	57.70	9/30/2009	1.12	15.55	25	%	4.17	36	%	3.92	49	%	4.86	46	%	8/18/1986	5.56	8/31/1986	83	%	4.75	10.06	2.49	2.91	4.35	5.34
Lipper Fund Ranking / Total Funds in Category					23 / 94			31 / 86			42 / 86			32 / 70					14 / 16
Seligman Municipal New York Fund	85.10	9/30/2009	0.90	13.02	76	%	4.69	18	%	4.33	21	%	5.34	20	%	12/30/1983	7.12	12/31/1983	40	%	4.75	7.65	3.01	3.32	4.83	6.92
Lipper Fund Ranking / Total Funds in Category					72 / 94			15 / 86			18 / 86			14 / 70					2 / 4

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

39

Fund Performance & Lipper Ranking

As of September 30, 2009

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 involve greater risk and potential volatility than investments in larger, more established companies.

The RiverSource Precious Metals and Mining 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 credit risk, interest rate risk, and prepayment and extension risk. In general, bond prices rise when interest rates fall and vice versa. This effect is more pronounced for longer-term securities. Non-investment grade securities have more volatile prices and carry more risk to principal and income than investment grade securities.

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

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

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

Shares of the RiverSource Short Duration U.S. Government Fund, the RiverSource U.S. Government Mortgage Fund, the Seligman U.S. Government Securities Fund, and of the Seligman Municipal Funds 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.

The Funds listed here 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.

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 2025, 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 PortfoliosSM 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 in a Fund within the Seligman Asset Allocation Series or Seligman TargetHorizon ETF PortfoliosSM 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 if he or she invested directly in the Underlying Seligman Funds or ETFs, and the returns may therefore be lower.

“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.

40

Fund Performance & Lipper Ranking

As of September 30, 2009

Source of Data:  Lipper

Important Disclosures - continued

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

RiverSourceSM mutual funds are distributed by RiverSource Fund 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 mutual funds are distributed by RiverSource Distributors, Inc. and RiverSource Fund Distributors, Inc., Members FINRA and managed by RiverSource Investments, LLC.

RiverSource®, Seligman®, and Threadneedle mutual funds are part of the RiverSource family of funds, and are distributed by RiverSource Fund Distributors, Inc., Member FINRA, and managed by RiverSource Investments, LLC. Threadneedle mutual funds are subadvised by Threadneedle International Limited. RiverSource and Threadneedle are part of Ameriprise Financial, Inc. Seligman is an offering brand of RiverSource Investments.

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.

[Not all products and all share classes are available through all firms.]

41

Exhibit B

Statistical Supplement Package

(unaudited)

Third Quarter 2009

Reconciliation Tables

42

Ameriprise Financial, Inc.

Return on Equity Calculation(1)

Third Quarter 2009

	Return on Equity Calculation for the Twelve Months Ended
(in millions, unaudited)	September 30, 2008			December 31, 2008			March 31, 2009			June 30, 2009			September 30, 2009
Return	$	586		$	(38	)	$	(99	)	$	(214	)	$	116
Ameriprise Financial shareholders’ equity	$	7,436		$	7,120		$	6,835		$	6,941		$	7,288
Return on Equity	7.9		%	(0.5		)%	(1.4		)%	(3.1		)%	1.6		%

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

43

Exhibit C

Statistical Supplement Package

(unaudited)

Third Quarter 2009

Disclosed Items

44

Ameriprise Financial, Inc.

Disclosed Items - Included in Core Operating Earnings

Third Quarter 2009

	Asset Management						Annuities			Protection
				Legal			Valuation			Valuation
(in millions, unaudited)	EITF 04-5 (1)			Expenses (2)			Assumptions (3)			Assumptions (3)			Consolidated
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—
Distribution fees	—			—			—			—			—
Net investment income	(1		)	—			—			—			(1		)
Premiums	—			—			—			—			—
Other revenues	4			—			—			(65		)	(61		)
Total revenues	3			—			—			(65		)	(62		)
Banking and deposit interest expense	—			—			—			—			—
Total net revenues	3			—			—			(65		)	(62		)
Expenses
Distribution expenses	—			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			(47		)	(33		)	(80		)
Amortization of deferred acquisition costs	—			—			(64		)	(55		)	(119		)
Interest and debt expense	—			—			—			—			—
General and administrative expense	3			10			—			—			13
Total expenses	3			10			(111		)	(88		)	(186		)
Pretax segment income (loss)	—			(10		)	111			23			124
Less: Net loss attributable to noncontrolling interest	—			—			—			—			—
Pretax segment gain (loss) excluding net loss attributable to noncontrolling interest	$	—		$	(10	)	$	111		$	23		$	124

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

(2)Increase in legal expenses

(3)Net impact of annual review/updating of valuation assumptions

45

Ameriprise Financial, Inc.

Disclosed Items - Excluded from Core Operating Earnings

Third Quarter 2009

	Advice & Wealth Management					Asset Management			Annuities						Protection					Corporate
									VA			Market					Market
	Securities		Integration			Integration			Guarantee			Impacts			Securities		Impacts			Securities		RiverSource			Debt Retirement			Integration
(in millions, unaudited)	Gains/(Losses) (1)		Charges (2)			Charges (2)			Impacts (3)			to DAC/DSIC (4)			Gains/(Losses) (1)		to DAC/DSIC (4)			Gains/(Losses) (1)		2a-7 Fund (5)			Costs (6)			Charges (2)			Consolidated
Revenues
Management and financial advice fees	$	—	$	—		$	—		$	—		$	—		$	—	$	—		$	—	$	—		$	—		$	—		$	—
Distribution fees	—		—			—			—			—			—		—			—		—			—			—			—
Net investment income	5		—			—			—			—			7		—			2		—			—			—			14
Premiums	—		—			—			—			—			—		—			—		—			—			—			—
Other revenues	—		—			—			—			—			—		—			—		—			—			—			—
Total revenues	5		—			—			—			—			7		—			2		—			—			—			14
Banking and deposit interest expense	—		—			—			—			—			—		—			—		—			—			—			—
Total net revenues	5		—			—			—			—			7		—			2		—			—			—			14
Expenses
Distribution expenses	—		—			—			—			—			—		—			—		—			—			—			—
Interest credited to fixed accounts	—		—			—			—			—			—		—			—		—			—			—			—
Benefits, claims, losses and settlement expenses	—		—			—			52			(4		)	—		—			—		—			—			—			48
Amortization of deferred acquisition costs	—		—			—			(53		)	(22		)	—		(1		)	—		—			—			—			(76		)
Interest and debt expense	—		—			—			—			—			—		—			—		—			13			—			13
General and administrative expense	—		21			7			—			—			—		—			—		10			—			4			42
Total expenses	—		21			7			(1		)	(26		)	—		(1		)	—		10			13			4			27
Pretax segment income (loss)	5		(21		)	(7		)	1			26			7		1			2		(10		)	(13		)	(4		)	(13		)
Less: Net loss attributable to noncontrolling interest	—		—			—			—			—			—		—			—		—			—			—			—
Pretax segment gain (loss) excluding net loss attributable to noncontrolling interest	$	5	$	(21	)	$	(7	)	$	1		$	26		$	7	$	1		$	2	$	(10	)	$	(13	)	$	(4	)	$	(13	)

(1) Pretax net realized investment gains/(losses) on Available-for-Sale securities and other securities

(2) Non-recurring integration charges related to J. & W. Seligman & Co., H&R Block Financial Advisors and Columbia Management acquisitions

(3) Variable annuity guarantee impacts include:

$ 66 million net expense related to hedged variable annuity living benefits

$ 63 million decrease in DAC and DSIC amortization resulting from hedged living benefits offset

$ 4 million decrease in death and income benefit expenses due to higher equity market valuations

(4) Decrease in DAC and DSIC amortization related to market

(5) Expenses to support $1 Net Asset Value of RiverSource money market funds

(6) Increase in debt retirement costs

46

Ameriprise Financial, Inc.

Disclosed Items - Included in Core Operating Earnings

Third Quarter 2008

	Asset Management			Annuities			Protection
				Valuation			Valuation			Consolidated
(in millions, unaudited)	EITF 04-5 (1)			Assumptions (2)			Assumptions (2)			Income Tax (3)		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	—			(46		)	(43		)	—		(89		)
Amortization of deferred acquisition costs	—			(9		)	90			—		81
Interest and debt expense	—			—			—			—		—
General and administrative expense	—			—			—			—		—
Total expenses	—			(56		)	47			—		(9		)
Pretax segment income (loss)	(14		)	56			50			—		92
Less: Net loss attributable to noncontrolling interest	(14		)	—			—			—		(14		)
Pretax segment gain (loss) excluding net loss attributable to noncontrolling interest	$	—		$	56		$	50		$	—	$	106
Income tax benefit										$	14	$	14

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

(2) Net impact of annual review/updating of valuation assumptions and conversion to new valuation system

(3) Income tax impact of finalizing prior period tax returns

47

Ameriprise Financial, Inc.

Disclosed Items - Excluded from Core Operating Earnings

Third Quarter 2008

	Advice & Wealth Management						Annuities									Protection						Corporate
							VA						Market						Market
	Securities			Unaffiliated Money			Guarantee			Securities			Impacts			Securities			Impacts			RiverSource			Unaffiliated Money
(in millions, unaudited)	Losses (1)			Market Fund (2)			Impacts (3)			Losses (1)			to DAC/DSIC (4)			Losses (1)			to DAC/DSIC (4)			2a-7 Fund (5)			Market Fund (2)			Consolidated
Revenues
Management and financial advice fees	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Distribution fees	—			(12		)	—			—			—			—			—			—			—			(12		)
Net investment income	(122		)	—			—			(156		)	—			(44		)	—			(11		)	—			(333		)
Premiums	—			—			—			—			—			—			—			—			—			—
Other revenues	—			—			—			—			—			—			—			—			—			—
Total revenues	(122		)	(12		)	—			(156		)	—			(44		)	—			(11		)	—			(345		)
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—			—
Total net revenues	(122		)	(12		)	—			(156		)	—			(44		)	—			(11		)	—			(345		)
Expenses
Distribution expenses	—			—			—			—			—			—			—			—			—			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—			—
Benefits, claims, losses and settlement expenses	—			—			(27		)	5			5			—			—			—			—			(17		)
Amortization of deferred acquisition costs	—			—			13			—			35			—			4			—			—			52
Interest and debt expense	—			—			—			—			—			—			—			—			—			—
General and administrative expense	—			—			—			—			—			—			—			77			36			113
Total expenses	—			—			(14		)	5			40			—			4			77			36			148
Pretax segment income (loss)	(122		)	(12		)	14			(161		)	(40		)	(44		)	(4		)	(88		)	(36		)	(493		)
Less: Net loss attributable to noncontrolling interest	—			—			—			—			—			—			—			—			—			—
Pretax segment gain (loss) excluding net loss attributable to noncontrolling interest	$	(122	)	$	(12	)	$	14		$	(161	)	$	(40	)	$	(44	)	$	(4	)	$	(88	)	$	(36	)	$	(493	)

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

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

(3)Variable annuity riders hedge impact excluding DAC unlocking

(4)Increase in DAC and DSIC amortization related to market

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

48

Ameriprise Financial, Inc.

Disclosed Items

Second Quarter 2009

	Advice & Wealth Management						Asset Management									Annuities								Protection						Corporate
																		VA			Market						Market								Junior
	Securities			Integration						Legal			Integration			Securities		Guarantee			Impacts			Securities			Impacts			Securities		Legal			Subordinated Notes
(in millions, unaudited)	Gains/(Losses) (1)			Charges (3)			EITF 04-5 (2)			Expenses (4)			Charges (3)			Gains/(Losses) (1)		Impacts (5)			to DAC/DSIC (6)			Gains/(Losses) (1)			to DAC/DSIC (6)			Gains/(Losses) (1)		Expenses (4)			Repurchase (7)		Consolidated
Revenues
Management and financial advice fees	$	—		$	—		$	(1	)	$	—		$	—		$	—	$	—		$	—		$	—		$	—		$	—	$	—		$	—	$	(1	)
Distribution fees	—			—			—			—			—			—		—			—			—			—			—		—			—		—
Net investment income	(8		)	—			1			—			—			8		—			—			(1		)	—			7		—			—		7
Premiums	—			—			—			—			—			—		—			—			—			—			—		—			—		—
Other revenues	—			—			(7		)	—			—			—		—			—			—			—			—		—			8		1
Total revenues	(8		)	—			(7		)	—			—			8		—			—			(1		)	—			7		—			8		7
Banking and deposit interest expense	—			—			—			—			—			—		—			—			—			—			—		—			—		—
Total net revenues	(8		)	—			(7		)	—			—			8		—			—			(1		)	—			7		—			8		7
Expenses
Distribution expenses	—			—			—			—			—			—		—			—			—			—			—		—			—		—
Interest credited to fixed accounts	—			—			—			—			—			—		—			—			—			—			—		—			—		—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—		291			(6		)	—			—			—		—			—		285
Amortization of deferred acquisition costs	—			—			—			—			—			—		(206		)	(33		)	—			(6		)	—		—			—		(245		)
Interest and debt expense	—			—			—			—			—			—		—			—			—			—			—		—			—		—
General and administrative expense	—			16			1			16			9			—		—			—			—			—			—		7			—		49
Total expenses	—			16			1			16			9			—		85			(39		)	—			(6		)	—		7			—		89
Pretax segment income (loss)	(8		)	(16		)	(8		)	(16		)	(9		)	8		(85		)	39			(1		)	6			7		(7		)	8		(82		)
Less: Net loss attributable to noncontrolling interest	—			—			(8		)	—			—			—		—			—			—			—			—		—			—		(8		)
Pretax segment gain (loss) excluding net loss attributable to noncontrolling interest	$	(8	)	$	(16	)	$	—		$	(16	)	$	(9	)	$	8	$	(85	)	$	39		$	(1	)	$	6		$	7	$	(7	)	$	8	$	(74	)

(1)    Pretax net realized investment gains/(losses) on Available-for-Sale securities and other securities

(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)    Non-recurring integration charges related to J. & W. Seligman & Co. and H&R Block Financial Advisors acquisitions

(4)    Increase in legal expenses

(5)    Variable annuity guarantee impacts include:

$ 360 million net expense related to hedged variable annuity living benefits

$ 255 million decrease in DAC and DSIC amortization resulting from hedged living benefits offset

$ 20 million decrease in death and income benefit expenses due to higher equity market valuations

(6)    Decrease in DAC and DSIC amortization related to market

(7)    Gain on the repurchase of certain junior subordinated notes

49