N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number 811-5696

RIVERSOURCE GLOBAL SERIES, INC.

(Exact name of registrant as specified in charter)

50606 Ameriprise Financial Center, Minneapolis, Minnesota	55474
(Address of principal executive offices)	(Zip code)

Scott R. Plummer - 5228 Ameriprise Financial Center, Minneapolis, MN 55474
(Name and address of agent for service)

Registrant’s telephone number, including area code: (612) 671-1947

Date of fiscal year end: 10/31

Date of reporting period: 07/31

Portfolio of Investments
RiverSource Absolute Return Currency and Income Fund
July 31, 2009 (Unaudited)
(Percentages represent value of investments compared to net assets)

Investments in Securities

Bonds (10.8%)

	Coupon			Principal
Issuer	rate			amount			Value(a)
Supranational (0.6%)
Inter-American Development Bank 03-16-11		0.82	%	$	2,000,000	(c,g)	$	2,027,778
Asset-Backed (3.2%)
Citibank Credit Card Issuance Trust Series 2007-A1 Cl A1 03-22-12		0.60			1,000,000	(g)		995,443
Countrywide Home Equity Loan Trust Series 2005-H Cl 2A (FGIC) 12-15-35		0.53			160,895	(e,g)		62,968
Keycorp Student Loan Trust Series 2003-A Cl 2A2 (MBIA) 10-25-25		0.81			347,284	(e,g)		339,990
Northstar Education Finance Series 2007-1 Cl A2 01-29-46		0.52			750,000	(g)		747,184
SLC Student Loan Trust Series 2006-A Cl A4 01-15-19		0.63			1,800,000	(g)		1,416,813
SLM Student Loan Trust Series 2004-3 Cl A3 04-25-16		0.59			34,262	(g)		34,227
SLM Student Loan Trust Series 2005-5 Cl A2 10-25-21		0.58			976,127	(g)		962,127
SLM Student Loan Trust Series 2005-8 Cl A2 07-25-22		0.59			1,347,584	(g)		1,329,931
SLM Student Loan Trust Series 2005-B Cl A1 12-16-19		0.67			260,439	(g)		251,517
SLM Student Loan Trust Series 2006-5 Cl A2 07-25-17		0.49			203,436	(g)		203,025
SLM Student Loan Trust Series 2006-A Cl A1 03-16-20		0.65			672,412	(g)		659,538
SLM Student Loan Trust Series 2006-A Cl A2 12-15-20		0.71			2,000,000	(g)		1,855,361
SLM Student Loan Trust Series 2006-C Cl A2 09-15-20		0.68			1,000,000	(g)		953,740
SLM Student Loan Trust Series 2007-2 Cl A2 07-25-17		0.50			1,000,000	(g)		978,559
Total								10,790,423

	Coupon		Principal
Issuer	rate		amount			Value(a)
Commercial Mortgage-Backed (0.8%)(f)
GS Mtge Securities II Series 2007-EOP Cl A2 03-06-20		0.43		1,200,000	(d,g)		958,677
GS Mtge Securities II Series 2007-EOP Cl A3 03-06-20		0.48		1,770,000	(d,g)		1,304,897
Morgan Stanley Dean Witter Capital I Series 2002-TOP7 Cl A1 01-15-39		5.38		510,057			518,842
Total							2,782,416
Mortgage-Backed (0.3%)(f)
Deutsche Bank Alternate Mtge Loan Trust Collateralized Mtge Obligation Series 2006-AR6 Cl A3 02-25-37		0.38		169,124	(g)		151,383
Downey Savings & Loan Assn Mtge Loan Trust Collateralized Mtge Obligation Series 2006-AR2 Cl 2AB1 11-19-37		0.38		274,887	(g)		253,237
Harborview Mtge Loan Trust Collateralized Mtge Obligation Series 2006-12 Cl 2A11 01-19-38		0.38		314,520	(g)		293,263
Harborview Mtge Loan Trust Collateralized Mtge Obligation Series 2006-8 Cl 2A1B 08-21-36		0.54		853,709	(g)		191,196
Total							889,079
Automotive (0.7%)
American Honda Finance Sr Unsecured 02-05-10		1.42		2,500,000	(d,g)		2,489,464
Banking (2.0%)
ANZ Natl Intl Bank Guaranteed 08-07-09		1.01		750,000	(c,d,g)		750,023
Bank of New York Mellon Sr Unsecured 02-05-10		1.42		3,000,000	(g)		3,002,990
Royal Bank of Scotland Govt Guaranteed 05-11-12		1.64		2,000,000	(c,d,g)		2,013,844
US Bancorp Sr Unsecured 02-04-10		1.42		1,250,000	(g)		1,246,764
Total							7,013,621
Brokerage (—%)
Lehman Brothers Holdings Sr Unsecured 10-22-09		0.00		640,000	(b,g,i)		108,800
Construction Machinery (1.9%)
Caterpillar Financial Services Sr Unsecured 02-08-10		1.42		2,000,000	(g)		2,000,654
John Deere Capital Sr Unsecured 01-18-11		1.21		4,500,000	(g)		4,480,618
Total							6,481,272

	Coupon		Principal
Issuer	rate		amount			Value(a)
Health Care (0.6%)
Cardinal Health Sr Unsecured 10-02-09		0.87		2,080,000	(g)		2,075,152
Health Care Insurance (0.4%)
UnitedHealth Group Sr Unsecured 06-21-10		0.79		1,500,000	(g)		1,488,506
Life Insurance (0.1%)
Pricoa Global Funding I 12-15-09		0.68		400,000	(d,g)		398,266
Retailers (0.2%)
Home Depot Sr Unsecured 12-16-09		0.75		750,000	(g)		749,309
Total Bonds
(Cost: $39,805,232)						$	37,294,086

FDIC-Insured Debt (1.2%)

	Coupon			Principal
Issuer	rate			amount			Value(a)
U.S. Agencies
Bank of America FDIC Govt Guaranty 06-22-12		0.81	%	$	2,000,000	(g)	$	2,014,640
General Electric Capital FDIC Govt Guaranty 03-11-11		0.73			2,000,000	(g)		2,007,156
Total FDIC-Insured Debt
(Cost: $4,000,000)							$	4,021,796

Money Market Fund (86.7%)

	Shares			Value(a)
RiverSource Short-Term Cash Fund, 0.41%		298,027,452	(h)	$	298,027,452
Total Money Market Fund
(Cost: $298,027,452)				$	298,027,452
Total Investments in Securities
(Cost: $341,832,684)(j)				$	339,343,334

Investments in Derivatives

Forward Foreign Currency Contracts Open at July 31, 2009

			Currency to be		Unrealized		Unrealized
Exchange date	Currency to be delivered		received		appreciation		depreciation
Sept. 2, 2009		35,460,000		49,907,113	$	—	$	(634,460	)
	European Monetary Unit		U.S. Dollar
Sept. 2, 2009		50,939,000		33,230,057
	New Zealand Dollar		U.S. Dollar			—		(429,017	)
Sept. 2, 2009		90,492,000		83,228,637
	Swiss Franc		U.S. Dollar			—		(1,470,364	)
Sept. 2, 2009		83,071,646		100,571,000
	U.S. Dollar		Australian Dollar			834,928		—
Sept. 2, 2009		33,272,643		36,001,000
	U.S. Dollar		Canadian Dollar			149,049		—
Sept. 2, 2009		49,913,246		310,685,000
	U.S. Dollar		Norwegian Krone			718,016		—
Total					$	1,701,993	$	(2,533,841	)

Notes to Portfolio of Investments

(a)	Securities are valued by using policies described in Note 1 to the financial statements in the most recent Semiannual Report dated April 30, 2009.
(b)	Non-income producing. For long-term debt securities, item identified is in default as to payment of interest and/or principal.
(c)	Foreign security values are stated in U.S. dollars. For debt securities, principal amounts are denominated in U.S. dollar currency unless otherwise noted. At July 31, 2009, the value of foreign securities represented 1.4% of net assets.
(d)	Represents a security sold under Rule 144A, which is exempt from registration under the Securities Act of 1933, as amended. This security may be determined to be liquid under guidelines established by the Fund’s Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2009, the value of these securities amounted to $7,915,171 or 2.3% of net assets.
(e)	The following abbreviations are used in the portfolio security descriptions to identify the insurer of the issue:
FGIC	— Financial Guaranty Insurance Company
MBIA	— MBIA Insurance Corporation
(f)	Mortgage-backed securities represent direct or indirect participations in, or are secured by and payable from, mortgage loans secured by real property, and include single- and multi-class pass-through securities and collateralized mortgage obligations. These securities may be issued or guaranteed by U.S. government agencies or instrumentalities, or by private issuers, generally originators and investors in mortgage loans, including savings associations, mortgage bankers, commercial banks, investment bankers and special purpose entities. The maturity dates shown represent the original maturity of the underlying obligation. Actual maturity may vary based upon prepayment activity on these obligations. Unless otherwise noted, the coupon rates presented are fixed rates.
(g)	Interest rate varies either based on a predetermined schedule or to reflect current market conditions; rate shown is the effective rate on July 31, 2009.
(h)	Affiliated Money Market Fund — The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. The rate shown is the seven-day current annualized yield at July 31, 2009.
(i)	This position is in bankruptcy.
(j)	At July 31, 2009, the cost of securities for federal income tax purposes was approximately $341,833,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was:

Unrealized appreciation	$	72,000
Unrealized depreciation		(2,562,000	)
Net unrealized depreciation	$	(2,490,000	)

Fair Value Measurements

Statement of Financial Accounting Standards No.157 (SFAS 157) requires disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category.

SFAS 157 establishes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset or liability’s fair value measurement. When a valuation uses multiple inputs from varying levels of the hierarchy, the hierarchy level is determined based on the lowest level input or inputs that are significant to the fair value measurement in its entirety. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

• Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

• Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

• Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Fund Administrator, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models rely on one or more significant unobservable inputs and/or significant assumptions by the Fund Administrator. Inputs used in a valuation model may include, but are not limited to, financial statement analysis, discount rates and estimated cash flows, and comparable company data.

The following table is a summary of the inputs used to value the Fund’s investments as of July 31, 2009:

	Fair value at July 31, 2009
	Level 1		Level 2
	quoted prices		other			Level 3
	in active		significant			significant
	markets for		observable			unobservable
Description	identical assets		inputs			inputs		Total
Bonds
Foreign Government Obligations & Agencies	$	—	$	2,027,778		$	—	$	2,027,778
Asset-Backed Securities		—		10,790,423			—		10,790,423
Commercial Mortgage-Backed Securities		—		2,782,416			—		2,782,416
Residential Mortgage-Backed Securities		—		595,817			293,262		889,079
Corporate Debt Securities		—		20,804,390			—		20,804,390
Total Bonds		—		37,000,824			293,262		37,294,086
Other
FDIC-Insured Debt Securities		—		4,021,796			—		4,021,796
Affiliated Money Market Fund (a)		298,027,452		—			—		298,027,452
Total Other		298,027,452		4,021,796			—		302,049,248
Investments in Securities		298,027,452		41,022,620			293,262		339,343,334
Other Financial Instruments (b)		—		(831,848	)		—		(831,848	)
Total	$	298,027,452	$	40,190,772		$	293,262	$	338,511,486

(a)	Money market fund that is a sweep investment for cash balances in the Fund at July 31, 2009.
(b)	Other Financial Instruments are derivative instruments, which are valued at the unrealized appreciation (depreciation) on the instrument. Derivative descriptions are located in the Investments in Derivatives section of the Portfolio of Investments.

The following table is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.

	Residential
	Mortgage-Backed			Short-Term
	Securities			Securities			Total
Balance as of Oct. 31, 2008	$	476,047		$	1,913,033		$	2,389,080
Accrued discounts/premiums		—			445			445
Realized gain (loss)		—			(450,895	)		(450,895	)
Change in unrealized appreciation (depreciation)		20,770			394,508			415,278
Net purchases (sales)		(203,555	)		(1,857,091	)		(2,060,646	)
Transfers in and/or out of Level 3		—			—			—
Balance as of July 31, 2009	$	293,262		$	—		$	293,262

Portfolio of Investments
RiverSource Emerging Markets Bond Fund
July 31, 2009 (Unaudited)

(Percentages represent value of investments compared to net assets)

Investments in Securities

Bonds (97.1%)(c)

	Coupon			Principal
Issuer	rate			amount			Value(a)
Argentina (1.5%)
Banco Hipotecario
Sr Unsecured
04-27-16		9.75	%	$	975,000	(d)	$	688,271
Republic of Argentina
09-12-13		7.00			2,700,000			1,671,300
Republic of Argentina
Sr Unsecured
12-15-35		0.00			12,950,000	(g)		505,050
Total								2,864,621
Brazil (12.3%)
Banco Nacional de Desenvolvimento Economico e Social
Sr Unsecured
06-16-18		6.37			3,650,000	(d)		3,718,438
06-10-19		6.50			1,300,000	(d)		1,331,806
Bertin Ltda
Sr Unsecured
10-05-16		10.25			580,000	(d)		482,125
Centrais Eletricas Brasileiras
Sr Unsecured
07-30-19		6.88			500,000	(d,e)		512,906
07-30-19		6.88			1,000,000	(d)		1,025,813
Federative Republic of Brazil
01-20-34		8.25			600,000			730,500
Federative Republic of Brazil
(Brazilian Real)
01-05-16		12.50			350,000			211,115
Federative Republic of Brazil
Sr Nts
01-15-19		5.88			2,400,000			2,457,600
Federative Republic of Brazil
Sr Unsecured
01-17-17		6.00			3,300,000			3,427,049
10-14-19		8.88			1,438,000			1,768,740
Marfrig Overseas
11-16-16		9.63			1,130,000	(d)		984,513
Morgan Stanley
(Brazilian Real) Sr Unsecured
05-03-17		10.09			4,600,000	(d)		2,022,412
Nota do Tesouro Nacional
(Brazilian Real) Series F
01-01-12		10.00			489,500			2,636,635
Nota do Tesouro Nacional
(Brazilian Real) Series F
01-01-13		10.00			161,000			849,821

	Coupon		Principal
Issuer	rate		amount			Value(a)
Telemar Norte Leste
Sr Unsecured
04-23-19		9.50		900,000	(d)		1,017,619
Total							23,177,092
Cayman Islands (2.3%)
Peru Enhanced Pass-Thru
Sr Secured Zero Coupon
05-31-18		4.84		5,954,737	(d,j)		4,287,411
Chile (0.6%)
Empresa Nacional Del Petroleo
Sr Unsecured
07-08-19		6.25		1,200,000	(d)		1,199,349
Colombia (6.2%)
Ecopetrol
07-23-19		7.63		1,000,000	(d)		1,050,984
Empresas Publicas de Medellin
Sr Unsecured
07-29-19		7.63		900,000	(d)		942,701
Republic of Colombia
09-18-37		7.38		4,450,000			4,572,375
Republic of Colombia
(Colombian Peso)
10-22-15		12.00		2,693,000,000			1,538,388
06-28-27		9.85		1,000,000,000			500,000
Republic of Colombia
Sr Nts
03-18-19		7.38		1,900,000			2,061,500
Republic of Colombia
Sr Unsecured
05-21-24		8.13		400,000			444,200
Santa Fe de Bogota
(Colombian Peso) Sr Unsecured
07-26-28		9.75		1,377,000,000	(d)		586,432
Total							11,696,580
Dominican Republic (1.1%)
Aes Dominicana Energia Finance
12-13-15		11.00		1,050,000	(d)		871,500
Cerveceria Nacional Dominicana
03-27-12		16.00		1,450,000	(d)		1,240,040
Total							2,111,540
El Salvador (2.1%)
Republic of El Salvador
04-10-32		8.25		2,050,000	(d)		1,927,000
06-15-35		7.65		2,310,000	(d)		2,032,800
Total							3,959,800
Gabon (0.5%)
Republic of Gabonese
12-12-17		8.20		1,000,000	(d)		957,500
Indonesia (8.2%)
Govt of Indonesia
(Indonesian Rupiah)

	Coupon		Principal
Issuer	rate		amount			Value(a)
05-15-16		10.75		4,470,000,000			480,868
Govt of Indonesia
(Indonesian Rupiah) Series FR26
10-15-14		11.00		6,000,000,000			651,794
Govt of Indonesia
(Indonesian Rupiah) Series FR28
07-15-17		10.00		10,000,000,000			1,025,256
Govt of Indonesia
(Indonesian Rupiah) Series FR36
09-15-19		11.50		9,000,000,000			985,666
Govt of Indonesia
(Indonesian Rupiah) Series FR43
07-15-22		10.25		29,000,000,000			2,826,404
Perusahaan Penerbit SBSN
04-23-14		8.80		1,900,000	(d)		2,062,999
Republic of Indonesia
Sr Unsecured
01-17-18		6.88		1,300,000	(d)		1,326,000
10-12-35		8.50		2,100,000	(d)		2,278,500
02-17-37		6.63		1,450,000	(d)		1,290,500
01-17-38		7.75		2,700,000	(d)		2,619,000
Total							15,546,987
Iraq (0.7%)
Republic of Iraq
01-15-28		5.80		2,100,000	(d)		1,391,250
Kazakhstan (1.6%)
KazMunaiGaz Finance
07-02-18		9.13		2,995,000	(d)		2,727,676
Temir Capital for JSC TemirBank
Bank Guaranteed
05-21-14		9.50		850,000	(d)		312,953
Total							3,040,629
Luxembourg (5.4%)
Gaz Capital
Secured
11-22-16		6.21		4,350,000	(d)		3,849,750
08-16-37		7.29		2,950,000	(d)		2,301,000
Gaz Capital
Sr Nts
07-31-14		8.13		1,000,000	(d)		1,003,640
MHP
Sr Secured
11-30-11		10.25		1,250,000	(d)		1,018,750
TNK-BP Finance
03-20-17		6.63		300,000	(d)		258,000
03-13-18		7.88		2,025,000	(d)		1,830,094
Total							10,261,234
Mexico (10.2%)
Controladora Comerical Mexicana
(Mexican Peso)
03-30-27		8.70		13,700,000	(b,d)		442,412
Mexican Fixed Rate Bonds
(Mexican Peso)
12-15-16		7.25		12,510,000			923,603
12-14-17		7.75		27,100,000			2,027,455

	Coupon		Principal
Issuer	rate		amount			Value(a)
Mexican Fixed Rate Bonds
(Mexican Peso) Series MI-10
12-19-13		8.00		6,330,000			499,058
Pemex Project Funding Master Trust
03-01-18		5.75		7,450,000	(f)		7,338,250
06-15-35		6.63		4,804,000			4,536,028
06-15-38		6.63		1,500,000			1,334,550
Petroleos Mexicanos
05-03-19		8.00		1,100,000	(d)		1,240,250
Vitro
02-01-17		9.13		2,120,000	(b)		848,000
Total							19,189,606
Netherlands (2.6%)
Intergas Finance
05-14-17		6.38		300,000	(d)		226,925
KazMunaiGaz Finance
01-23-15		11.75		1,400,000	(d)		1,434,818
Majapahit Holding
10-17-16		7.75		2,030,000	(d,f)		1,979,249
06-28-17		7.25		1,150,000	(d,f)		1,069,500
06-29-37		7.88		200,000	(d)		161,750
Total							4,872,242
Peru (2.5%)
Republic of Peru
07-21-25		7.35		500,000			540,750
Republic of Peru
Sr Unsecured
03-30-19		7.13		1,300,000			1,407,250
03-14-37		6.55		2,900,000	(f)		2,856,500
Total							4,804,500
Philippine Islands (4.5%)
Natl Power
11-02-16		6.88		900,000	(d)		906,967
Power Sector Assets & Liabilities
05-27-19		7.25		2,150,000	(d)		2,193,000
Republic of Philippines
01-14-31		7.75		500,000			531,250
Republic of Philippines
Sr Unsecured
06-17-19		8.38		2,350,000	(f)		2,711,313
01-20-20		6.50		2,100,000			2,105,250
Total							8,447,780
Qatar (1.5%)
Qtel Intl Finance
06-10-19		7.88		1,000,000	(d,f)		1,083,526
Ras Laffan Liquefied Natural Gas
Sr Secured 09-30-14		5.50		800,000	(d)		812,050
State of Qatar
Sr Nts
04-09-19		6.55		800,000	(d)		851,936
Total							2,747,512
Russia (7.2%)
Gaz Capital

	Coupon		Principal
Issuer	rate		amount			Value(a)
Sr Secured
04-11-18		8.15		550,000	(d)		526,625
Gazstream
07-22-13		5.63		370,208	(d)		366,043
Russian Federation
03-31-30		7.50		7,450,560	(d)		7,478,500
TransCapitalInvest for Transneft
Secured
08-07-18		8.70		5,180,000	(d)		5,180,000
Total							13,551,168
South Korea (2.6%)
Export-Import Bank of Korea
Sr Nts
01-21-14		8.13		700,000			763,459
Export-Import Bank of Korea
Sr Unsecured
01-14-15		5.88		1,150,000			1,135,039
Korea Development Bank
Sr Nts
01-23-14		8.00		1,450,000			1,573,462
POSCO
03-26-14		8.75		1,300,000	(d)		1,479,757
Total							4,951,717
Supra-National (2.0%)
Corp Andina de Fomento
06-04-19		8.13		3,400,000			3,746,171
Turkey (8.7%)
Republic of Turkey
03-15-15		7.25		1,500,000			1,602,150
04-03-18		6.75		1,550,000			1,565,500
06-05-20		7.00		1,800,000			1,845,000
03-17-36		6.88		5,050,000			4,797,500
03-05-38		7.25		600,000			593,250
Republic of Turkey
Sr Unsecured
07-14-17		7.50		1,300,000			1,376,375
03-11-19		7.00		2,700,000			2,747,250
11-07-19		7.50		1,800,000			1,890,000
Total							16,417,025
Ukraine (0.4%)
Govt of Ukraine
06-26-12		6.39		850,000	(d)		697,000
United Arab Emirates (1.0%)
TDIC Finance
07-02-14		6.50		1,800,000	(d,f)		1,877,482
United Kingdom (1.1%)
Vedanta Resources
Sr Unsecured
07-18-18		9.50		2,300,000	(d)		2,120,052
Uruguay (2.9%)
Republic of Uruguay

	Coupon		Principal
Issuer	rate		amount			Value(a)
05-17-17		9.25		400,000	(f)		461,000
Republic of Uruguay
Pay-in-kind
01-15-33		7.88		198,500	(i)		204,455
Republica Orient Uruguay
(Uruguay Peso)
04-05-27		4.25		80,463,448	(h)		2,872,459
06-26-37		3.70		16,422,807	(h)		522,704
Republica Orient Uruguay
Sr Unsecured
03-21-36		7.63		1,383,939			1,401,238
Total							5,461,856
Venezuela (7.4%)
Petroleos de Venezuela
04-12-17		5.25		9,450,000			4,574,745
Republic of Venezuela
02-26-16		5.75		6,189,500			3,651,805
05-07-23		9.00		5,550,000			3,549,225
03-31-38		7.00		1,800,000			922,500
Republic of Venezuela
Sr Unsecured
10-08-14		8.50		1,594,000			1,179,560
Total							13,877,835
Total Bonds (Cost: $187,558,399)						$	183,255,939

Money Market Fund (4.3%)

	Shares			Value(a)
RiverSource Short-Term Cash Fund, 0.41%		8,201,818	(k)	$	8,201,818
Total Money Market Fund (Cost: $8,201,818)				$	8,201,818

Investments of Cash Collateral Received for Securities on Loan (2.9%)

	Shares		Value(a)
Cash Collateral Reinvestment Fund
JPMorgan Prime Money Market Fund		5,428,070	$	5,428,070
Total Investments of Cash Collateral Received for Securities on Loan (Cost: $5,428,070)			$	5,428,070
Total Investments in Securities (Cost: $201,188,287)(l)			$	196,885,827

Investments in Derivatives

Credit Default Swap Contracts Outstanding at July 31, 2009

									Unamortized
									premium
		Buy/sell	Pay/receive			Expiration	Notional		(paid)			Unrealized
Counterparty	Referenced entity	protection	fixed rate			date	amount		received			depreciation
JPMorgan Chase Bank	CDX Emerging Markets Index	Buy		2.65	%	June 20,2013	$	2,000,000	$	(325,904	)	$	(243,461	)
Merril Lynch Intl	CDX Emerging Markets Index	Sell		2.65		June 20,2013		2,000,000		—			(73,385	)
Total												$	(316,846	)

Notes to Portfolio of Investments

(a)	Securities are valued by using policies described in Note 1 to the financial statements in the most recent Semiannual Report dated April 30, 2009.
(b)	Non-income producing. For long-term debt securities, item identified is in default as to payment of interest and/or principal.
(c)	Foreign security values are stated in U.S. dollars. For debt securities, principal amounts are denominated in U.S. dollar currency unless otherwise noted.
(d)	Represents a security sold under Rule 144A, which is exempt from registration under the Securities Act of 1933, as amended. This security may be determined to be liquid under guidelines established by the Fund’s Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2009, the value of these securities amounted to $83,277,574 or 44.1% of net assets.
(e)	At July 31, 2009, the cost of securities purchased, including interest purchased, on a when-issued and/or other forward-commitment basis was $511,382.

(f)	At July 31, 2009, security was partially or fully on loan.
(g)	This is a variable rate security that entitles holders to receive only interest payments. Interest is paid annually. The interest payment is based on the Gross Domestic Product (GDP) level of the previous year for the respective country. To the extent that the previous year’s GDP exceeds the ‘base case GDP’, an interest payment is made equal to 0.012225 of the difference.
(h)	Inflation-indexed bonds are securities in which the principal amount is adjusted for inflation and the semiannual interest payments equal a fixed percentage of the inflation-adjusted principal amount.
(i)	Pay-in-kind securities are securities in which the issuer makes interest or dividend payments in cash or in additional securities. The securities usually have the same terms as the original holdings.
(j)	For zero coupons, the interest rate disclosed represents the annualized effective yield on the date of acquisition.
(k)	Affiliated Money Market Fund — The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. The rate shown is the seven-day current annualized yield at July 31, 2009.
(l)	At July 31, 2009, the cost of securities for federal income tax purposes was approximately $201,188,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was:

Unrealized appreciation	$	8,025,000
Unrealized depreciation		(12,327,000	)
Net unrealized depreciation	$	(4,302,000	)

Fair Value Measurements

Statement of Financial Accounting Standards No.157 (SFAS 157) requires disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category.

SFAS 157 establishes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset or liability’s fair value measurement. When a valuation uses multiple inputs from varying levels of the hierarchy, the hierarchy level is determined based on the lowest level input or inputs that are significant to the fair value measurement in its entirety. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

• Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

• Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

• Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Fund Administrator, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Non-U.S. equity securities actively traded in foreign markets may be reflected in Level 2 despite the availability of closing prices, because the Fund evaluates and determines whether those closing prices reflect fair value at the close of the New York Stock Exchange (NYSE) or require adjustment, as described in Note 1 to the financial statements — Valuation of securities in the most recent Semiannual report dated April 30, 2009.

Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models rely on one or more significant unobservable inputs and/or significant assumptions by the Fund Administrator. Inputs used in a valuation model may include, but are not limited to, financial statement analysis, discount rates and estimated cash flows, and comparable company data.

The following table is a summary of the inputs used to value the Fund’s investments as of July 31, 2009:

	Fair value at July 31, 2009
	Level 1		Level 2
	quoted prices		other			Level 3
	in active		significant			significant
	markets for		observable			unobservable
Description	identical assets		inputs			inputs		Total
Bonds
Foreign Government Obligations & Agencies	$	—	$	136,926,757		$	4,287,411	$	141,214,168
Corporate Debt Securities		—		40,801,731			1,240,040		42,041,771
Total Bonds		—		177,728,488			5,527,451		183,255,939
Other
Affiliated Money Market Fund (a)		8,201,818		—			—		8,201,818
Investments of Cash Collateral Received for Securities on Loan		5,428,070		—			—		5,428,070
Total Other		13,629,888		—			—		13,629,888
Investments in Securities		13,629,888		177,728,488			5,527,451		196,885,827
Other Financial Instruments (b)		—		(316,846	)		—		(316,846	)
Total	$	13,629,888	$	177,411,642		$	5,527,451	$	196,568,981

(a)	Money market fund that is a sweep investment for cash balances in the Fund at July 31, 2009.
(b)	Other Financial Instruments are derivative instruments, which are valued at the unrealized appreciation (depreciation) on the instrument. Derivative descriptions are located in the investments in Derivatives section of the Portfolio of Investments.

The following table is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.

	Foreign
	Government			Corporate Debt			Other Financial
	Obligations & Agencies			Securities			Instruments			Total
Balance as of Oct. 31, 2008	$	3,289,446		$	1,065,605		$	257,106		$	4,612,157
Accrued discounts/premiums		86,697			(2,523	)		—			84,174
Realized gain (loss)		55,485			—			*			55,485
Change in unrealized appreciation (depreciation)**		746,916			176,958			(257,106	)		666,768
Net purchases (sales)		1,634,267			—			—			1,634,267
Transfers in and/or out of Level 3		(1,525,400	)		—			—			(1,525,400	)
Balance as of July 31, 2009	$	4,287,411		$	1,240,040		$	—		$	5,527,451

*	The realized gain (loss) earned during the period from Nov. 1, 2008 to July 31, 2009 for Other Financial Instruments was $1,196,000.
**	Change in unrealized appreciation (depreciation) relating to securities held at July 31, 2009 was $905,218.

Portfolio of Investments
RiverSource Global Bond Fund
July 31, 2009 (Unaudited)

(Percentages represent value of investments compared to net assets)

Investments in Securities

Bonds (96.7%)(c)

	Coupon			Principal
Issuer	rate			amount			Value(a)
Argentina (0.1%)
Republic of Argentina
09-12-13		7.00	%	$	748,000		$	463,012
Republic of Argentina
Sr Unsecured
12-15-35		2.28			2,900,000	(j)		113,100
Total								576,112
Australia (1.6%)
Australia & New Zealand Banking Group
(Australian Dollar)
11-08-11		6.50			420,000			359,691
Commonwealth Bank of Australia
(European Monetary Unit) Sr Unsub
11-12-09		3.38			745,000			1,063,955
New South Wales Treasury
(Australian Dollar)
05-01-12		6.00			6,750,000			5,773,847
Telstra
Sr Unsecured
04-01-12		6.38			500,000			524,485
Westpac Banking
(Australian Dollar) Sr Unsub
09-24-12		7.25			600,000			517,222
Total								8,239,200
Austria (1.6%)
Republic of Austria
(European Monetary Unit)
07-15-14		4.30			5,245,000			7,979,253
Belgium (1.9%)
Fortis Bank
(European Monetary Unit) Sr Unsecured
05-30-14		4.50			420,000			608,024
Kingdom of Belgium
(European Monetary Unit)
03-28-10		3.00			3,965,000			5,736,966
09-28-12		5.00			2,185,000			3,395,300
Total								9,740,290
Brazil (1.4%)
Banco Nacional de Desenvolvimento Economico e Social
Sr Unsecured
06-16-18		6.37			535,000	(d)		545,031
06-10-19		6.50			910,000	(d)		932,265
Centrais Eletricas Brasileiras

	Coupon		Principal
Issuer	rate		amount			Value(a)
Sr Unsecured
07-30-19		6.88		375,000	(d,m)		384,680
Federative Republic of Brazil
01-15-18		8.00		282,389			319,099
Federative Republic of Brazil
Sr Unsecured
01-17-17		6.00		307,000			318,820
10-14-19		8.88		115,000			141,450
Nota do Tesouro Nacional
(Brazilian Real) Series F
01-01-12		10.00		640,500			3,449,979
Nota do Tesouro Nacional
(Brazilian Real) Series F
01-01-13		10.00		201,000			1,060,957
Total							7,152,281
Canada (3.2%)
Canadian Pacific Railway
(Canadian Dollar)
06-15-10		4.90		380,000	(d)		362,899
EnCana
Sr Unsecured
11-01-11		6.30		1,140,000			1,234,245
Govt of Canada
(Canadian Dollar)
06-01-18		4.25		1,730,000			1,716,106
Province of British Columbia
(Canadian Dollar)
06-18-14		5.30		1,790,000			1,828,558
Province of Ontario
(Canadian Dollar)
03-08-14		5.00		3,635,000			3,661,731
Province of Quebec
(Canadian Dollar)
12-01-17		4.50		1,933,000			1,853,438
Royal Bank of Canada
(European Monetary Unit) Sr Unsecured
01-18-13		3.25		630,000			899,606
TELUS
Sr Unsecured
06-01-11		8.00		980,000			1,059,311
Thomson Reuters
10-01-14		5.70		2,465,000			2,645,399
Toronto-Dominion Bank
(European Monetary Unit) Sr Unsecured
05-14-15		5.38		600,000			917,404
Total							16,178,697
Colombia (0.2%)
Ecopetrol
07-23-19		7.63		300,000	(d)		315,295
Republic of Colombia
01-27-17		7.38		230,000	(p)		250,125
09-18-37		7.38		260,000			267,150
Republic of Colombia
Sr Nts
03-18-19		7.38		250,000			271,250
Total							1,103,820

	Coupon		Principal
Issuer	rate		amount			Value(a)
Czech Republic (0.5%)
Czech Republic
(Czech Koruna)
10-18-10		2.55		17,510,000			979,493
06-16-13		3.70		27,500,000			1,521,457
Total							2,500,950
Denmark (0.8%)
Danske Bank
(European Monetary Unit)
03-16-10		1.32		750,000	(i)		1,070,657
Nykredit Realkredit
(Danish Krone)
04-01-28		5.00		10,604,204			2,061,266
Nykredit Realkredit
(European Monetary Unit)
01-01-10		5.00		750,000			1,084,010
Total							4,215,933
France (4.6%)
BNP Paribas
(European Monetary Unit) Sr Sub Nts
12-17-12		5.25		555,000			838,886
Caisse Refinance Hypothe
(European Monetary Unit)
10-11-10		4.38		700,000			1,028,705
Credit Agricole
(European Monetary Unit) Sr Unsecured
06-24-13		6.00		550,000			870,724
Electricite de France
(European Monetary Unit) Sr Unsecured
02-05-18		5.00		750,000			1,128,141
France Telecom
(European Monetary Unit) Sr Unsecured
02-21-17		4.75		1,180,000			1,782,816
Govt of France
(European Monetary Unit)
04-25-12		5.00		2,365,000			3,658,186
04-25-13		4.00		6,020,000			9,122,834
10-25-16		5.00		2,880,000			4,608,412
Veolia Environnement
(European Monetary Unit)
01-16-17		4.38		225,000			313,853
Total							23,352,557
Germany (7.3%)
Bayerische Landesbank
(Japanese Yen)
04-22-13		1.40		170,000,000			1,775,526
Bundesrepublik Deutschland
(European Monetary Unit)
07-04-10		5.25		4,265,000			6,326,515
07-04-19		3.50		1,500,000			2,174,094
07-04-27		6.50		4,650,000			8,703,185
07-04-28		4.75		2,225,000			3,472,296
07-04-34		4.75		4,585,000			7,175,134
Corealcredit Bank

	Coupon		Principal
Issuer	rate		amount			Value(a)
(European Monetary Unit) Series 501
09-02-09		5.00		1,800,000	(d)		2,572,115
Deutsche Pfandbriefbank
(European Monetary Unit) Series G6
01-15-10		5.50		1,375,000			1,992,350
Landwirtschaftliche Rentenbank
(Australian Dollar)
06-15-11		5.75		1,250,000			1,061,027
Rheinische Hypothekenbank
(European Monetary Unit) Series 803
07-05-10		5.75		1,305,000	(d)		1,932,358
Total							37,184,600
Greece (1.4%)
Hellenic Republic
(European Monetary Unit)
08-20-12		4.10		2,820,000			4,186,722
Hellenic Republic
(European Monetary Unit) Sr Unsub
10-22-22		5.90		2,010,000			3,205,689
Total							7,392,411
Indonesia (0.8%)
Govt of Indonesia
(Indonesian Rupiah)
05-15-16		10.75		9,320,000,000			1,002,615
Govt of Indonesia
(Indonesian Rupiah) Series FR43
07-15-22		10.25		21,944,000,000			2,138,710
Perusahaan Penerbit SBSN
04-23-14		8.80		160,000	(d)		173,726
Republic of Indonesia
Sr Unsecured
01-17-18		6.88		500,000	(d)		510,000
10-12-35		8.50		190,000	(d,p)		206,150
02-17-37		6.63		205,000	(d)		182,450
Total							4,213,651
Ireland (0.1%)
GE Capital UK Funding
(British Pound)
04-26-10		5.88		275,000			463,531
Italy (3.9%)
Buoni Poliennali Del Tesoro
(European Monetary Unit)
01-15-10		3.00		3,140,000			4,521,660
04-15-12		4.00		1,970,000			2,954,301
02-01-19		4.25		1,620,000			2,366,607
11-01-26		7.25		3,486,283			6,384,856
11-01-27		6.50		1,025,000			1,742,777
Intesa Sanpaolo
(European Monetary Unit) Sr Unsecured
12-19-13		5.38		400,000			612,170
Telecom Italia Capital
11-15-13		5.25		1,215,000			1,254,356
Total							19,836,727

	Coupon		Principal
Issuer	rate		amount			Value(a)
Japan (11.2%)
Bayer Holding
(Japanese Yen)
06-28-12		1.96		40,000,000			418,104
Development Bank of Japan
(Japanese Yen)
06-20-12		1.40		417,000,000			4,490,112
Govt of Japan CPI Linked
(Japanese Yen)
12-10-17		1.20		430,287,000	(g)		4,138,633
03-10-18		1.40		465,599,000	(g)		4,543,298
Govt of Japan
(Japanese Yen)
09-20-17		1.70		811,000,000			8,940,967
12-20-22		1.40		486,000,000			4,908,965
12-20-26		2.10		884,000,000			9,426,637
12-20-34		2.40		203,000,000			2,193,057
Govt of Japan
(Japanese Yen) Series 239
06-20-12		1.40		400,000,000			4,350,605
Govt of Japan
(Japanese Yen) Series 244
12-20-12		1.00		913,000,000			9,822,116
Govt of Japan
(Japanese Yen) Series 267
12-20-14		1.30		200,000,000			2,169,136
Govt of Japan
(Japanese Yen) Series 50
09-20-10		0.80		185,000,000			1,969,102
Total							57,370,732
Kazakhstan (—%)
KazMunaiGaz Finance
07-02-18		9.13		150,000	(d)		136,612
Luxembourg (0.1%)
Gaz Capital
Secured
11-22-16		6.21		100,000	(d)		88,500
08-16-37		7.29		230,000	(d,p)		179,400
Wind Acquisition Finance
Sr Nts
07-15-17		11.75		195,000	(d)		208,650
Total							476,550
Malaysia (0.3%)
Petronas Capital
05-22-12		7.00		1,350,000	(d)		1,490,747
Mexico (1.3%)
Mexican Fixed Rate Bonds
(Mexican Peso) Series M-10
12-17-15		8.00		49,580,000			3,849,726
Mexican Fixed Rate Bonds
(Mexican Peso) Series MI-10
12-19-13		8.00		24,940,000			1,966,272
Pemex Project Funding Master Trust
03-01-18		5.75		617,000			607,745

	Coupon		Principal
Issuer	rate		amount			Value(a)
United Mexican States
Sr Unsecured
09-27-34		6.75		270,000			278,100
Total							6,701,843
Netherlands (4.2%)
Allianz Finance II
(European Monetary Unit)
11-23-16		4.00		400,000			562,751
BMW Finance
(European Monetary Unit)
09-19-13		8.88		650,000			1,090,757
Deutsche Telekom Intl Finance
(British Pound)
12-09-10		6.25		415,000			727,450
Deutsche Telekom Intl Finance
(European Monetary Unit)
01-19-15		4.00		1,335,000			1,925,903
E.ON Intl Finance
(European Monetary Unit)
10-02-17		5.50		535,000			831,299
Govt of Netherlands
(European Monetary Unit)
07-15-12		5.00		2,880,000			4,457,744
07-15-13		4.25		2,545,000			3,890,186
07-15-16		4.00		2,700,000			4,056,006
ING Groep
(European Monetary Unit) Sr Unsecured
05-31-17		4.75		1,205,000			1,725,445
Nederlandse Waterschapsbank
(British Pound) Sr Unsub
06-07-10		5.38		850,000			1,466,799
Rabobank Nederland
(European Monetary Unit) Sr Unsub
04-04-12		4.13		600,000			894,904
Total							21,629,244
New Zealand (0.7%)
Govt of New Zealand
(New Zealand Dollar)
04-15-13		6.50		4,900,000			3,428,394
Norway (1.1%)
Eksportfinans
(British Pound) Sr Unsecured
09-06-10		6.00		550,000			952,552
Govt of Norway
(Norwegian Krone)
05-16-11		6.00		26,350,000			4,600,703
Total							5,553,255
Philippine Islands (0.2%)
Power Sector Assets & Liabilities
05-27-19		7.25		790,000	(d)		805,800
Republic of Philippines
01-15-16		8.00		100,000			111,750
01-14-31		7.75		190,000	(p)		201,875
Total							1,119,425

	Coupon		Principal
Issuer	rate		amount			Value(a)
Poland (1.3%)
Govt of Poland
(Polish Zloty) Series 310
03-24-10		5.75		19,330,000			6,711,596
Qatar (0.2%)
Ras Laffan Liquefied Natural Gas
Sr Secured
09-30-14		5.50		310,000	(d,p)		314,669
State of Qatar
Sr Nts
04-09-19		6.55		550,000	(d,p)		585,706
Total							900,375
Russia (0.3%)
Russian Federation
03-31-30		7.50		1,027,200	(d,p)		1,031,052
TransCapitalInvest for Transneft
Secured
03-05-14		5.67		200,000	(d)		186,000
08-07-18		8.70		100,000	(d,p)		100,000
Total							1,317,052
South Africa (0.3%)
Republic of South Africa
(South African Rand)
12-21-14		8.75		11,025,000			1,439,666
South Korea (0.7%)
Export-Import Bank of Korea
Sr Nts
01-21-14		8.13		810,000			883,431
Export-Import Bank of Korea
Sr Unsecured
01-14-15		5.88		450,000			444,146
Korea Development Bank
(Japanese Yen)
06-28-10		0.87		200,000,000			2,037,381
Total							3,364,958
Spain (2.3%)
AyT Cedulas Cajas Global
(European Monetary Unit)
06-14-18		4.25		1,500,000			1,993,664
Caja de Ahorros y Monte de Piedad de Madrid
(European Monetary Unit)
03-25-11		3.50		1,800,000			2,606,037
Govt of Spain
(European Monetary Unit)
07-30-17		5.50		2,050,000			3,334,545
Instituto de Credito Oficial
(Australian Dollar)
03-08-11		5.50		1,360,000			1,143,232
Santander Intl Debt
(European Monetary Unit) Bank Guaranteed
04-11-11		5.13		1,200,000			1,776,891
Telefonica Emisiones SAU

	Coupon		Principal
Issuer	rate		amount			Value(a)
(European Monetary Unit)
02-02-16		4.38		550,000			799,488
Total							11,653,857
Supra-National (0.8%)
Corp Andina de Fomento
06-04-19		8.13		730,000			804,325
European Investment Bank
(British Pound) Sr Unsecured
12-07-11		5.50		1,945,000			3,491,593
Total							4,295,918
Sweden (1.7%)
Govt of Sweden
(Swedish Krona)
05-05-14		6.75		37,570,000			6,154,593
Govt of Sweden
(Swedish Krona) Series 1045
03-15-11		5.25		17,000,000			2,517,213
Total							8,671,806
Tunisia (0.4%)
Banque Centrale de Tunisie
(Japanese Yen)
08-02-10		3.30		190,000,000			1,995,299
Turkey (0.2%)
Republic of Turkey
04-03-18		6.75		204,000			206,040
03-17-36		6.88		540,000			513,000
Republic of Turkey
Sr Unsecured
07-14-17		7.50		350,000			370,563
Total							1,089,603
United Kingdom (4.8%)
BT Group
Sr Unsecured
12-15-10		9.13		550,000			591,273
SABMiller
01-15-14		5.70		1,275,000	(d)		1,338,068
United Kingdom Treasury
(British Pound)
03-07-12		5.00		1,390,000			2,485,790
09-07-14		5.00		3,890,000			7,124,872
03-07-19		4.50		3,500,000			6,169,671
03-07-25		5.00		660,000			1,176,764
12-07-27		4.25		1,100,000			1,784,137
03-07-36		4.25		880,000			1,407,464
12-07-38		4.75		1,090,000			1,890,094
12-07-49		4.25		485,000			777,163
Total							24,745,296
United States (34.8%)
Allied Waste North America
Sr Unsecured
04-15-13		7.88		405,000			420,693
American Express Credit Account Master Trust

	Coupon		Principal
Issuer	rate		amount			Value(a)
Series 2006-2 Cl A
01-15-14		5.35		1,225,000			1,279,592
American Express
Sr Unsecured
05-20-19		8.13		235,000			259,649
AmeriCredit Automobile Receivables Trust
Series 2007-DF Cl A3A (FSA)
07-06-12		5.49		726,308	(n)		734,134
Anadarko Petroleum
Sr Unsecured
09-15-16		5.95		970,000	(p)		1,007,800
Ashland
06-01-17		9.13		180,000	(d)		189,900
AT&T
Sr Unsecured
01-15-38		6.30		400,000			426,706
02-15-39		6.55		1,200,000			1,332,312
Banc of America Commercial Mtge
Series 2007-1 Cl A3
01-15-49		5.45		2,075,000	(f)		1,863,147
Bank of America
Sr Nts
06-01-19		7.63		760,000			824,085
Bank of America
Sr Unsecured
05-01-18		5.65		1,290,000			1,229,105
Bear Stearns Commercial Mtge Securities
Series 2003-T10 Cl A1
03-13-40		4.00		263,465	(f)		256,910
BMW Vehicle Lease Trust
Series 2009-1 Cl A2
04-15-11		2.04		1,500,000			1,505,215
CareFusion
Sr Nts
08-01-19		6.38		505,000	(d)		532,628
CC Holdings GS V LLC/Crown Castle GS III
Sr Secured
05-01-17		7.75		820,000	(d)		836,400
CenterPoint Energy Houston Electric LLC
Series U
03-01-14		7.00		605,000			652,349
CenterPoint Energy Resources
Sr Unsecured
02-15-11		7.75		1,230,000			1,305,597
Chesapeake Energy
01-15-16		6.63		250,000			233,438
Citibank Omni Master Trust
Series 2007-A9A Cl A9
12-23-13		1.39		1,825,000	(d,i)		1,822,638
Citigroup Commercial Mtge Trust
Series 2006-C5 Cl A4
10-15-49		5.43		1,700,000	(f)		1,538,473
Citigroup
(European Monetary Unit) Sr Unsecured
08-02-19		5.00		595,000			735,384
Citigroup
Sr Unsecured
05-15-18		6.13		170,000			155,653
Cleveland Electric Illuminating

	Coupon		Principal
Issuer	rate		amount			Value(a)
1st Mtge
11-15-18		8.88		750,000			922,626
Colorado Interstate Gas
Sr Unsecured
11-15-15		6.80		3,170,000			3,393,041
Commercial Mtge Pass-Through Ctfs
Series 2006-CN2A Cl BFL
02-05-19		0.61		400,000	(d,f,i)		206,975
Community Health Systems
07-15-15		8.88		322,000			331,660
Countrywide Alternative Loan Trust
Collateralized Mtge Obligation
Series 2006-22R Cl 1A2
05-25-36		6.00		1,121,124	(f)		796,727
Coventry Health Care
Sr Unsecured
08-15-14		6.30		460,000			415,396
CPS Auto Trust
Series 2007-A Cl A3 (MBIA)
09-15-11		5.04		600,989	(d,n)		596,957
Cricket Communications
Sr Secured
05-15-16		7.75		530,000	(d)		526,025
CS First Boston Mtge Securities
Series 2004-C2 Cl A1
05-15-36		3.82		748,369	(f)		731,147
CSC Holdings
Sr Unsecured
04-15-14		8.50		285,000	(d,p)		293,550
02-15-19		8.63		100,000	(d)		103,000
CSX
Sr Unsecured
04-01-15		6.25		1,000,000			1,077,310
DaVita
03-15-13		6.63		365,000			358,613
Denbury Resources
03-01-16		9.75		310,000	(p)		330,925
DIRECTV Holdings LLC/Financing
05-15-16		7.63		525,000			531,562
DISH DBS
10-01-14		6.63		365,000			350,400
Dow Chemical
(European Monetary Unit) Sr Unsecured
05-27-11		4.63		520,000			746,687
Dow Chemical
Sr Unsecured
05-15-19		8.55		650,000			713,112
DTE Energy
Sr Unsecured
05-15-14		7.63		1,540,000			1,641,825
Duke Energy Indiana
1st Mtge
08-15-38		6.35		940,000			1,082,823
Dunkin Securitization
Series 2006-1 Cl A2 (AMBAC)
06-20-31		5.78		1,600,000	(d,n)		1,511,568
El Paso
Sr Unsecured
12-12-13		12.00		555,000			629,925

	Coupon		Principal
Issuer	rate		amount			Value(a)
Erac USA Finance
10-15-17		6.38		2,395,000	(d)		2,231,806
Exelon
Sr Unsecured
06-15-10		4.45		1,000,000			1,015,805
Federal Home Loan Mtge Corp #A11799
08-01-33		6.50		149,869	(f)		161,058
Federal Home Loan Mtge Corp #A15881
11-01-33		5.00		1,021,998	(f)		1,051,157
Federal Home Loan Mtge Corp #E91486
09-01-17		6.50		109,803	(f)		117,384
Federal Home Loan Mtge Corp #E99684
10-01-18		5.00		449,138	(f)		468,631
Federal Home Loan Mtge Corp #G01960
12-01-35		5.00		7,196,735	(f)		7,386,557
Federal Natl Mtge Assn
10-15-14		4.63		3,880,000	(p)		4,191,475
11-15-30		6.63		2,300,000	(p)		2,883,087
Federal Natl Mtge Assn #545874
08-01-32		6.50		173,269	(f)		187,132
Federal Natl Mtge Assn #555528
04-01-33		6.00		772,235	(f)		816,771
Federal Natl Mtge Assn #555734
07-01-23		5.00		730,394	(f)		754,975
Federal Natl Mtge Assn #555740
08-01-18		4.50		962,819	(f)		1,009,005
Federal Natl Mtge Assn #555851
01-01-33		6.50		909,234	(f)		981,194
Federal Natl Mtge Assn #575487
04-01-17		6.50		427,453	(f)		459,887
Federal Natl Mtge Assn #621581
12-01-31		6.50		220,126	(f)		238,736
Federal Natl Mtge Assn #633966
03-01-17		6.00		96,233	(f)		102,740
Federal Natl Mtge Assn #634749
03-01-17		5.50		481,991	(f)		508,482
Federal Natl Mtge Assn #640996
05-01-32		7.50		400,070	(f)		442,664
Federal Natl Mtge Assn #643381
06-01-17		6.00		229,408	(f)		244,921
Federal Natl Mtge Assn #645053
05-01-32		7.00		655,285	(f)		719,524
Federal Natl Mtge Assn #646147
06-01-32		7.00		302,431	(f)		334,121
Federal Natl Mtge Assn #652284
08-01-32		6.50		312,803	(f)		337,461
Federal Natl Mtge Assn #653145
07-01-17		6.00		159,842	(f)		169,533
Federal Natl Mtge Assn #653730
09-01-32		6.50		143,175	(f)		155,470
Federal Natl Mtge Assn #655589
08-01-32		6.50		1,141,005	(f)		1,240,087
Federal Natl Mtge Assn #666424
08-01-32		6.50		210,177	(f)		226,746
Federal Natl Mtge Assn #670461
11-01-32		7.50		145,792	(f)		161,314
Federal Natl Mtge Assn #677333
01-01-33		6.00		3,273,437	(f)		3,462,220
Federal Natl Mtge Assn #688034
03-01-33		5.50		367,464	(f)		382,829

	Coupon		Principal
Issuer	rate		amount			Value(a)
Federal Natl Mtge Assn #688691
03-01-33		5.50		540,219	(f)		562,258
Federal Natl Mtge Assn #711503
06-01-33		5.50		832,620	(f)		868,878
Federal Natl Mtge Assn #720576
06-01-33		5.00		1,863,691	(f)		1,914,886
Federal Natl Mtge Assn #735029
09-01-13		5.32		615,889	(f)		630,166
Federal Natl Mtge Assn #741850
09-01-33		5.50		1,556,166	(f)		1,619,652
Federal Natl Mtge Assn #753507
12-01-18		5.00		1,712,112	(f)		1,787,950
Federal Natl Mtge Assn #755498
11-01-18		5.50		755,984	(f)		797,096
Federal Natl Mtge Assn #756788
11-01-33		6.50		213,971	(f)		230,179
Federal Natl Mtge Assn #928019
01-01-37		5.50		1,742,665	(f,k)		1,808,858
FirstEnergy
Sr Unsecured Series B
11-15-11		6.45		850,000			907,590
Forest Oil
Sr Nts
02-15-14		8.50		320,000	(d,p)		324,800
Freeport-McMoRan Copper & Gold
Sr Unsecured
04-01-17		8.38		435,000			461,100
Frontier Communications
Sr Unsecured
05-01-14		8.25		400,000			405,000
General Electric Capital Assurance
Series 2003-1 Cl A4
05-12-35		5.25		450,000	(d,f)		446,678
General Electric Capital
(New Zealand Dollar) Sr Unsecured
02-04-10		6.63		3,450,000			2,292,823
General Electric Capital
Sr Unsecured
01-10-39		6.88		615,000			603,921
Georgia-Pacific LLC
05-01-16		8.25		230,000	(d)		238,050
Goldman Sachs Group
(European Monetary Unit) Sr Unsecured
05-02-18		6.38		350,000			543,677
Goldman Sachs Group
Sr Unsecured
02-15-19		7.50		530,000			618,894
Govt Natl Mtge Assn #604708
10-15-33		5.50		805,776	(f)		843,498
Govt Natl Mtge Assn
Collateralized Mtge Obligation
Interest Only
Series 2002-80 Cl CI
01-20-32		107.03		319,452	(e,f)		7,803
Greenwich Capital Commercial Funding
Series 2003-C1 Cl A3
07-05-35		3.86		725,000	(f)		687,362
Greenwich Capital Commercial Funding
Series 2004-GG1 Cl A5
06-10-36		4.88		500,000	(f)		492,481

	Coupon		Principal
Issuer	rate		amount			Value(a)
Greif
Sr Nts
08-01-19		7.75		30,000	(d)		29,775
GS Mtge Securities II
Series 2007-EOP Cl J
03-06-20		1.15		1,250,000	(d,f,i)		857,528
GS Mtge Securities II
Series 2007-GG10 Cl F
08-10-45		6.00		775,000	(f)		106,472
Harborview Mtge Loan Trust
Collateralized Mtge Obligation
Series 2004-1 Cl A4
04-19-34		4.78		2,034,221	(f,i)		1,626,174
HCA
Secured
02-15-17		9.88		325,000	(d)		343,688
HSBC Finance
(British Pound) Sr Unsecured
01-22-10		6.13		210,000			355,909
Indiana Michigan Power
Sr Nts
03-15-19		7.00		1,915,000			2,149,762
Indiana Michigan Power
Sr Unsecured
03-15-37		6.05		850,000			820,348
INVISTA
Sr Unsecured
05-01-12		9.25		465,000	(d)		448,725
Jarden
Sr Unsecured
05-01-16		8.00		300,000			307,500
JPMorgan Chase & Co
Sr Unsecured
01-15-18		6.00		720,000			762,468
JPMorgan Chase Commercial Mtge Securities
Series 2003-LN1 Cl A1
10-15-37		4.13		203,259	(f)		201,312
JPMorgan Chase Commercial Mtge Securities
Series 2003-ML1A Cl A1
03-12-39		3.97		142,016	(f)		143,565
JPMorgan Chase Commercial Mtge Securities
Series 2003-ML1A Cl A2
03-12-39		4.77		1,200,000	(f)		1,152,064
JPMorgan Chase Commercial Mtge Securities
Series 2007-CB20 Cl E
02-12-51		6.40		675,000	(d,f)		49,745
L-3 Communications
06-15-12		7.63		545,000			551,813
Lamar Media
08-15-15		6.63		270,000			237,600
Lamar Media
Sr Nts
04-01-14		9.75		255,000	(d)		267,750
LB-UBS Commercial Mtge Trust
Series 2004-C2 Cl A3
03-15-29		3.97		750,000	(f)		692,519
LB-UBS Commercial Mtge Trust
Series 2006-C4 Cl AAB
06-15-32		6.05		750,000	(f)		743,159

	Coupon		Principal
Issuer	rate		amount			Value(a)
LB-UBS Commercial Mtge Trust
Series 2006-C6 Cl A4
09-15-39		5.37		800,000	(f)		678,040
Lehman Brothers Holdings
Sr Unsecured
05-02-18		6.88		1,320,000	(b,o)		234,300
Liberty Media LLC
Sr Unsecured
05-15-13		5.70		262,000			235,145
Mellon Funding
(British Pound)
11-08-11		6.38		370,000			658,445
MGM MIRAGE
Sr Secured
11-15-17		11.13		290,000	(d)		316,100
Morgan Stanley Capital I
Series 2003-T11 Cl A2
06-13-41		4.34		192,436	(f)		192,607
Morgan Stanley Capital I
Series 2004-HQ4 Cl A5
04-14-40		4.59		750,000	(f)		714,873
Morgan Stanley Capital I
Series 2006-T23 Cl AAB
08-12-41		5.97		575,000	(f)		570,338
Morgan Stanley
(European Monetary Unit) Sr Unsecured
10-02-17		5.50		625,000			878,627
Morgan Stanley
Sr Unsecured
04-01-18		6.63		205,000			218,177
Nalco
Sr Nts
05-15-17		8.25		220,000	(d)		228,800
Natl Collegiate Student Loan Trust
Collateralized Mtge Obligation
Interest Only
Series 2006-3 Cl AIO
01-25-12		5.88		2,400,000	(e)		363,374
Nevada Power
Series L
01-15-15		5.88		1,000,000			1,036,357
News America
11-15-37		6.65		1,080,000			1,119,273
Nextel Communications
Series D
08-01-15		7.38		595,000			534,013
Nielsen Finance LLC
08-01-14		10.00		200,000			201,000
NiSource Finance
09-15-17		5.25		250,000			224,036
01-15-19		6.80		700,000			694,464
Northern States Power
1st Mtge Series B
08-28-12		8.00		515,000			596,553
Northwest Pipeline
Sr Unsecured
04-15-17		5.95		1,085,000			1,115,138
NRG Energy
02-01-16		7.38		770,000			744,975

	Coupon		Principal
Issuer	rate		amount			Value(a)
Omnicare
12-15-13		6.75		405,000			382,725
PetroHawk Energy
Sr Nts
08-01-14		10.50		480,000	(d)		513,600
PPL Electric Utilities
1st Mtge
11-30-13		7.13		2,850,000			3,204,802
Quicksilver Resources
08-01-15		8.25		245,000			235,200
Qwest
Sr Unsecured
10-01-14		7.50		175,000			174,563
Range Resources
05-15-19		8.00		515,000			524,013
Regal Cinemas
07-15-19		8.63		200,000	(d,p)		205,500
Renaissance Home Equity Loan Trust
Series 2005-4 Cl A3
02-25-36		5.57		470,098			438,910
RR Donnelley & Sons
Sr Unsecured
01-15-17		6.13		2,940,000			2,625,761
Safeway
Sr Unsecured
08-15-19		5.00		220,000	(m)		218,185
SandRidge Energy
06-01-18		8.00		370,000	(d)		338,550
SBA Telecommunications
08-15-16		8.00		85,000	(d)		85,850
08-15-19		8.25		85,000	(d)		86,275
Select Medical
02-01-15		7.63		490,000			423,850
Sierra Pacific Power
Series M
05-15-16		6.00		2,935,000			3,033,392
Southern California Gas
1st Mtge
03-15-14		5.50		845,000			916,019
Southern Natural Gas
Sr Unsecured
04-01-17		5.90		2,121,000	(d,p)		2,159,861
Speedway Motorsports
Sr Unsecured
06-01-16		8.75		435,000	(d)		453,488
Starwood Hotels & Resorts Worldwide
Sr Unsecured
10-15-14		7.88		300,000			298,500
Structured Asset Securities
Collateralized Mtge Obligation
Series 2003-33H Cl 1A1
10-25-33		5.50		1,235,400	(f)		1,184,343
Tampa Electric
Sr Unsecured
05-15-18		6.10		620,000			652,130
Time Warner Cable
06-15-39		6.75		305,000			324,778
Toledo Edison
Sr Secured
05-15-37		6.15		450,000			445,925

	Coupon		Principal
Issuer	rate		amount			Value(a)
Toyota Motor Credit
(European Monetary Unit)
02-12-10		4.00		150,000			216,101
Transcontinental Gas Pipe Line LLC
Sr Unsecured
04-15-16		6.40		3,590,000			3,830,386
U.S. Treasury
06-30-11		1.13		12,000,000			12,010,319
07-31-11		1.00		720,000			718,200
07-15-12		1.50		2,130,000			2,124,015
04-30-14		1.88		2,400,000			2,337,552
05-31-14		2.25		510,000			504,380
06-30-14		2.63		1,190,000	(p)		1,196,319
02-15-15		4.00		2,115,000	(k)		2,252,970
06-30-16		3.25		800,000			806,000
05-15-19		3.13		1,905,000	(p)		1,846,059
08-15-23		6.25		8,300,000			10,146,750
02-15-39		3.50		3,025,000			2,614,266
United Rentals North America
06-15-16		10.88		240,000	(d,p)		240,000
US Cellular
Sr Unsecured
12-15-33		6.70		165,000			167,611
Verizon New York
Sr Unsecured
04-01-32		7.38		855,000			904,334
Verizon New York
Sr Unsecured Series A
04-01-12		6.88		2,380,000			2,563,174
Volkswagen Auto Lease Trust
Series 2009-A Cl A3
04-16-12		3.41		725,000			734,458
Wachovia Bank Commercial Mtge Trust
Series 2005-C20 Cl A5
07-15-42		5.09		800,000	(f)		758,428
Wachovia Bank Commercial Mtge Trust
Series 2006-C24 Cl APB
03-15-45		5.58		500,000	(f)		492,203
Wachovia Bank Commercial Mtge Trust
Series 2006-C27 Cl APB
07-15-45		5.73		900,000	(f)		873,025
Wells Fargo & Co
(European Monetary Unit) Sr Unsecured
11-03-16		4.13		200,000			271,157
Wells Fargo & Co
Sr Unsecured
12-11-17		5.63		720,000	(p)		730,804
Windstream
08-01-16		8.63		315,000			319,725
03-15-19		7.00		40,000			37,200
Total							178,994,201
Uruguay (0.1%)
Republic of Uruguay
11-18-22		8.00		450,000	(p)		483,750
Republica Orient Uruguay
Sr Unsecured
03-21-36		7.63		275,000			278,438
Total							762,188

\

	Coupon		Principal
Issuer	rate		amount		Value(a)
Venezuela (0.3%)
Petroleos de Venezuela
04-12-17		5.25		1,190,000		576,079
Republic of Venezuela
02-26-16		5.75		620,000		365,800
05-07-23		9.00		766,000		489,857
Republic of Venezuela
Sr Unsecured
10-08-14		8.50		160,000		118,400
Total						1,550,136
Total Bonds (Cost: $479,329,515)					$	495,528,766

Senior Loans (0.2%)(l)

	Coupon			Principal
Borrower	rate			amount		Value(a)
United States
Charter Communications Operating LLC
Term Loan
03-05-14		6.25	%	$	271,107	$	248,098
Fairpoint Communications
Tranche B Term Loan
03-31-15		5.00			694,658		528,982
Total Senior Loans (Cost: $606,550)						$	777,080

Money Market Fund (1.5%)

	Shares			Value(a)
RiverSource Short-Term Cash Fund, 0.41%		7,632,958	(h)	$	7,632,958
Total Money Market Fund (Cost: $7,632,958)				$	7,632,958

Investments of Cash Collateral Received for Securities on Loan (1.7%)

	Shares		Value(a)
Cash Collateral Reinvestment Fund
JPMorgan Prime Money Market Fund		8,647,888	$	8,647,888
Total Investments of Cash Collateral Received for Securities on Loan (Cost: $8,647,888)			$	8,647,888
Total Investments in Securities (Cost: $496,216,911)(q)			$	512,586,692

Investments in Derivatives

Futures Contracts Outstanding at July 31, 2009

	Number of							Unrealized
	contracts			Notional			Expiration	appreciation
Contract description	long (short)			market value			date	(depreciation)
Euro-Bobl, 5-year		76		$	12,579,912		Sept. 2009	$	238,748
Euro-Bund, 10-year		23			4,000,137		Sept. 2009		113,611
Japanese Govt Bond, 10-year		8			11,680,340		Sept. 2009		269,484
U.S. Treasury Note, 5-year		(69	)		(7,961,414	)	Oct. 2009		53,247
Total								$	675,090

Forward Foreign Currency Contracts Open at July 31, 2009

							Unrealized		Unrealized
Exchange date		Currency to be delivered			Currency to be received		appreciation		depreciation
Aug. 10, 2009			205,550			400,000	$	8,916	$	—
	U.S. Dollar			Brazilian Real
Aug. 13, 2009			527,000			732,823		—		(18,239	)
	European Monetary Unit			U.S. Dollar
Aug. 20, 2009			2,371,542			2,700,000		135,177		—
	U.S. Dollar			Canadian Dollar
Aug. 27, 2009			23,831,065			2,259,185,000		52,474		—
	U.S. Dollar			Japanese Yen
Aug. 27, 2009			1,354,590			1,950,000		253		—
	U.S. Dollar			Singapore Dollar
Aug. 28, 2009			1,050,000			1,726,371		—		(27,753	)
	British Pound			U.S. Dollar
Aug. 28, 2009			1,726,371			1,214,434		4,532		—
	U.S. Dollar			European Monetary Unit
Total							$	201,352	$	(45,992	)

Notes to Portfolio of Investments

(a)	Securities are valued by using policies described in Note 1 to the financial statements in the most recent Semiannual Report dated April 30, 2009.
(b)	Non-income producing. For long-term debt securities, item identified is in default as to payment of interest and/or principal.
(c)	Foreign security values are stated in U.S. dollars. For debt securities, principal amounts are denominated in U.S. dollar currency unless otherwise noted.
(d)	Represents a security sold under Rule 144A, which is exempt from registration under the Securities Act of 1933, as amended. This security may be determined to be liquid under guidelines established by the Fund’s Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2009, the value of these securities amounted to $31,068,383 or 6.1% of net assets.

(e)	Interest only represents securities that entitle holders to receive only interest payments on the underlying mortgages. The yield to maturity of an interest only security is extremely sensitive to the rate of principal payments on the underlying mortgage assets. A rapid (slow) rate of principal repayments may have an adverse (positive) effect on yield to maturity. The principal amount shown is the notional amount of the underlying mortgages. The interest rate disclosed represents yield based upon the estimated timing and amount of future cash flows at July 31, 2009.
(f)	Mortgage-backed securities represent direct or indirect participations in, or are secured by and payable from, mortgage loans secured by real property, and include single- and multi-class pass-through securities and collateralized mortgage obligations. These securities may be issued or guaranteed by U.S. government agencies or instrumentalities, or by private issuers, generally originators and investors in mortgage loans, including savings associations, mortgage bankers, commercial banks, investment bankers and special purpose entities. The maturity dates shown represent the original maturity of the underlying obligation. Actual maturity may vary based upon prepayment activity on these obligations. Unless otherwise noted, the coupon rates presented are fixed rates.
(g)	Inflation-indexed bonds are securities in which the principal amount is adjusted for inflation and the semiannual interest payments equal a fixed percentage of the inflation-adjusted principal amount.
(h)	Affiliated Money Market Fund – The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. The rate shown is the seven-day current annualized yield at July 31, 2009.
(i)	Interest rate varies either based on a predetermined schedule or to reflect current market conditions; rate shown is the effective rate on July 31, 2009.
(j)	This is a variable rate security that entitles holders to receive only interest payments. Interest is paid annually. The interest payment is based on the Gross Domestic Product (GDP) level of the previous year for the respective country. To the extent that the previous year’s GDP exceeds the ‘base case GDP’, an interest payment is made equal to 0.012225 of the difference.
(k)	At July 31, 2009, investments in securities included securities valued at $375,179 that were partially pledged as collateral to cover initial margin deposits on open interest rate futures contracts.
(l)	Senior loans have rates of interest that float periodically based primarily on the London Interbank Offered Rate (“LIBOR”) and other short-term rates. Remaining maturities of senior loans may be less than the stated maturities shown as a result of contractual or optional prepayments by the borrower. Such prepayments cannot be predicted with certainty.
(m)	At July 31, 2009, the cost of securities purchased, including interest purchased, on a when-issued and/or other forward-commitment basis was $599,400.
(n)	The following abbreviations are used in the portfolio security descriptions to identify the insurer of the issue:

AMBAC	—	Ambac Assurance Corporation
FSA	—	Financial Security Assurance
MBIA	—	MBIA Insurance Corporation

(o)	This position is in bankruptcy.
(p)	At July 31, 2009, security was partially or fully on loan.
(q)	At July 31, 2009, the cost of securities for federal income tax purposes was approximately $496,217,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was:

Unrealized appreciation	$	26,679,000
Unrealized depreciation		(10,309,000	)
Net unrealized appreciation	$	16,370,000

Fair Value Measurements

Statement of Financial Accounting Standards No.157 (SFAS 157) requires disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category.

SFAS 157 establishes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset or liability’s fair value measurement. When a valuation uses multiple inputs from varying levels of the hierarchy, the hierarchy level is determined based on the lowest level input or inputs that are significant to the fair value measurement in its entirety. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

• Level 1 – Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

• Level 2 – Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

• Level 3 – Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Fund Administrator, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Non-U.S. equity securities actively traded in foreign markets may be reflected in Level 2 despite the availability of closing prices, because the Fund evaluates and determines whether those closing prices reflect fair value at the close of the New York Stock Exchange (NYSE) or require adjustment, as described in Note 1 to the financial statements – Valuation of securities in the most recent Semiannual report dated April 30, 2009.

Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models rely on one or more significant unobservable inputs and/or significant assumptions by the Fund Administrator. Inputs used in a valuation model may include, but are not limited to, financial statement analysis, discount rates and estimated cash flows, and comparable company data.

The following table is a summary of the inputs used to value the Fund’s investments as of July 31, 2009:

	Fair value at July 31, 2009
	Level 1		Level 2
	quoted prices		other		Level 3
	in active		significant		significant
	markets for		observable		unobservable
Description	identical assets		inputs		inputs		Total
Bonds
Foreign Government Obligations & Agencies		9,171,788		258,593,488		—		267,765,276
U.S. Government Obligations & Agencies		36,556,830		7,074,562		—		43,631,392
Asset-Backed Securities		—		8,986,845		2,061,267		11,048,112
Commercial Mortgage-Backed Securities		—		15,079,217		—		15,079,217
Residential Mortgage-Backed Securities		—		40,171,134		1,626,174		41,797,308
Corporate Debt Securities		—		116,207,461		—		116,207,461
Total Bonds		45,728,618		446,112,707		3,687,441		495,528,766
Other
Senior Loans		—		777,080		—		777,080
Affiliated Money Market Fund(a)		7,632,958		—		—		7,632,958
Investments of Cash Collateral Received for Securities on Loan		8,647,888		—		—		8,647,888
Total Other		16,280,846		777,080		—		17,057,926
Investments in Securities		62,009,464		446,889,787		3,687,441		512,586,692
Other Financial Instruments(b)		675,090		155,360		—		830,450
Total	$	62,684,554	$	447,045,147	$	3,687,441	$	513,417,142

(a)	Money market fund that is a sweep investment for cash balances in the Fund at July 31, 2009.
(b)	Other Financial Instruments are derivative instruments, which are valued at the unrealized appreciation (depreciation) on the instrument. Derivative descriptions are located in the Investments in Derivatives section of the Portfolio of Investments.

The following table is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.

				Residential
	Asset-Backed			Mortgage-Backed			Other Financial
	Securities			Securities			Instruments			Total
Balance as of Oct. 31, 2008	$	2,673,757		$	1,962,556		$	28,672		$	4,664,985
Accrued discounts/premiums		510			3,854			—			4,364
Realized gain (loss)		1,565			(63,026	)		*			(61,461	)
Change in unrealized appreciation (depreciation)**		449,331			72,657			(28,672	)		493,316
Net purchases (sales)		(1,063,896	)		(349,867	)		—			(1,413,763	)
Transfers in and/or out of Level 3		—			—			—			—
Balance as of July 31, 2009	$	2,061,267		$	1,626,174		$	—		$	3,687,441

*	The realized gain (loss) earned during the period from Nov. 1, 2008 to July 31, 2009 for Other Financial Instruments was $159,716.
**	Change in unrealized appreciation (depreciation) relating to securities held at July 31, 2009 was $521,988.

Portfolio of Investments
RiverSource Global Technology Fund
July 31, 2009 (Unaudited)

(Percentages represent value of investments compared to net assets)

Investments in Securities

Common Stocks (85.2%)

Issuer	Shares			Value(a)
Communications Equipment (11.8%)
Brocade Communications Systems		90,716	(b)	$	713,028
Cisco Systems		218,251	(b)		4,803,705
F5 Networks		22,360	(b)		830,003
QUALCOMM		112,790			5,212,025
Riverbed Technology		67,510	(b)		1,350,875
Tandberg		102,764	(c,d)		2,179,736
Total					15,089,372
Computers & Peripherals (22.9%)
Acer		318,150	(c)		671,260
Apple		41,622	(b,e)		6,800,619
Electronics for Imaging		91,631	(b)		1,044,593
EMC		334,405	(b)		5,036,139
Hewlett-Packard		146,645	(d)		6,349,729
IBM		23,681			2,792,700
Lenovo Group		292,000	(c,d)		138,654
NetApp		236,772	(b,d)		5,317,899
Netezza		111,689	(b,d)		1,009,669
Total					29,161,262
Diversified Telecommunication Services (2.2%)
BT Group		388,446	(c)		821,816
Koninklijke (Royal) KPN		75,120	(c,d)		1,128,878
Qwest Communications Intl		221,794	(d)		856,125
Total					2,806,819
Electronic Equipment, Instruments & Components (3.1%)
Murata Mfg		17,600	(c)		863,256
Nidec		13,400	(c)		970,295
TDK		12,500	(c)		658,034
Tripod Technology		163,000	(c)		340,929
Unimicron Technology		964,000	(c)		1,093,385
Total					3,925,899
Internet Software & Services (5.6%)
eBay		28,465	(b)		604,881
Open Text		122,062	(b,c)		4,599,297
TelecityGroup		41,708	(b,c)		234,794
Yahoo!		118,894	(b)		1,702,562
Total					7,141,534
IT Services (7.0%)
Amdocs		262,639	(b,c)		6,282,325
Fidelity Natl Information Services		72,128			1,689,238
Fiserv		14,284	(b,d)		677,204
Xchanging		99,653	(c)		319,617
Total					8,968,384

Issuer	Shares			Value(a)
Pharmaceuticals (0.5%)
Abbott Laboratories		14,068			632,919
Semiconductors & Semiconductor Equipment (0.8%)
Maxim Integrated Products		20,269			359,167
Silicon Laboratories		14,681	(b,d)		628,787
Total					987,954
Software (31.0%)
AsiaInfo Holdings		36,391	(b,c)		701,255
Aspen Technology		173,471	(b,d)		1,717,363
BMC Software		35,930	(b,d)		1,222,698
Check Point Software Technologies		238,327	(b,c,d)		6,360,948
Longtop Financial Technologies ADR		32,130	(b,c,d)		897,390
Magma Design Automation		53,512	(b)		78,663
McAfee		37,766	(b)		1,683,608
Mentor Graphics		195,900	(b,d)		1,359,546
Micro Focus Intl		364,335	(c)		2,455,744
Microsoft		194,101			4,565,256
NICE Systems ADR		58,376	(b,c,d)		1,598,335
Nuance Communications		79,441	(b,d)		1,048,621
Oracle		26,689			590,628
Parametric Technology		259,542	(b,d)		3,350,687
SonicWALL		226,829	(b)		1,721,632
Sybase		19,055	(b,d)		682,169
Symantec		308,310	(b,d)		4,603,068
Synopsys		239,082	(b)		4,776,858
VanceInfo Technologies ADR		15,824	(b,c,d)		239,734
Total					39,654,203
Wireless Telecommunication Services (0.3%)
Turkcell ADR		22,199	(c)	350,300
Total Common Stocks
(Cost: $89,380,168)				$	108,718,646

Money Market Fund (13.5%)

	Shares			Value(a)
RiverSource Short-Term Cash Fund, 0.41%		17,271,332	(f)	$	17,271,332
Total Money Market Fund
(Cost: $17,271,332)				$	17,271,332

Investments of Cash Collateral Received for Securities on Loan (12.6%)

	Shares		Value(a)
Cash Collateral Reinvestment Fund
JPMorgan Prime Money Market Fund		16,026,688	$	16,026,688
Total Investments of Cash Collateral Received for Securities on Loan
(Cost: $16,026,688)			$	16,026,688
Total Investments in Securities
(Cost: $122,678,188)(g)			$	142,016,666

Investments in Derivatives

Open Options Contracts Written at July 31, 2009

		Number of		Exercise		Premium		Expiration
Issuer	Puts/Calls	contracts		price		received		date	Value(a)
Apple	Call		77	$	160	$	35,652	Sept. 2009	$	71,225

Notes to Portfolio of Investments

(a)	Securities are valued by using policies described in Note 1 to the financial statements in the most recent Semiannual Report dated April 30, 2009.
(b)	Non-income producing.

(c)	Foreign security values are stated in U.S. dollars. At July 31, 2009, the value of foreign securities represented 25.8% of net assets.
(d)	At July 31, 2009, security was partially or fully on loan.
(e)	At July 31, 2009, securities valued at $1,258,103 were held to cover open call options written.
(f)	Affiliated Money Market Fund — The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. The rate shown is the seven-day current annualized yield at July 31, 2009.
(g)	At July 31, 2009, the cost of securities for federal income tax purposes was approximately $122,678,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was:

Unrealized appreciation	$	19,716,000
Unrealized depreciation		(377,000	)
Net unrealized appreciation	$	19,339,000

The industries identified above are based on the Global Industry Classification Standard (GICS), which was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc.

Fair Value Measurements

Statement of Financial Accounting Standards No.157 (SFAS 157) requires disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category.

SFAS 157 establishes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset or liability’s fair value measurement. When a valuation uses multiple inputs from varying levels of the hierarchy, the hierarchy level is determined based on the lowest level input or inputs that are significant to the fair value measurement in its entirety. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

• Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

• Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

• Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Fund Administrator, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Non-U.S. equity securities actively traded in foreign markets may be reflected in Level 2 despite the availability of closing prices, because the Fund evaluates and determines whether those closing prices reflect fair value at the close of the New York Stock Exchange (NYSE) or require adjustment, as described in Note 1 to the financial statements — Valuation of securities in the most recent Semiannual report dated April 30, 2009.

Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models rely on one or more significant unobservable inputs and/or significant assumptions by the Fund Administrator. Inputs used in a valuation model may include, but are not limited to, financial statement analysis, discount rates and estimated cash flows, and comparable company data.

The following table is a summary of the inputs used to value the Fund’s investments as of July 31, 2009:

	Fair value at July 31, 2009
	Level 1		Level 2
	quoted prices		other		Level 3
	in active		significant		significant
	markets for		observable		unobservable
Description	identical assets		inputs		inputs		Total
Equity Securities
Common Stocks (a)	$	108,718,646	$	—	$	—	$	108,718,646
Total Equity Securities		108,718,646		—		—		108,718,646
Other
Affiliated Money Market Fund (b)		17,271,332		—		—		17,271,332
Investments of Cash Collateral Received for Securities on Loan		16,026,688		—		—		16,026,688
Total Other		33,298,020		—		—		33,298,020
Investments in Securities		142,016,666		—		—		142,016,666
Other Financial Instruments (c)		71,225		—		—		71,225
Total	$	142,087,891	$	—	$	—	$	142,087,891

(a)	All industry classifications are identified in the Portfolio of Investments.
(b)	Money market fund that is a sweep investment for cash balances in the Fund at July 31, 2009.
(c)	Other Financial Instruments are derivative instruments, which are valued at the unrealized appreciation (depreciation) on the instrument. Derivative descriptions are located in the Investments in Derivatives section of the Portfolio of Investments.

Portfolio of Investments
Threadneedle Emerging Markets Fund
July 31, 2009 (Unaudited)

(Percentages represent value of investments compared to net assets)

Investments in Securities

Common Stocks (98.3%)(c)

Issuer	Shares			Value(a)
Brazil (17.3%)
Banco Bradesco		258,600		$	4,061,120
BM&F BOVESPA		883,700			5,704,653
Cia de Bebidas das Americas		43,700			3,074,066
Companhia Siderurgica Nacional ADR		260,474			6,668,134
Itaú Unibanco Banco Múltipo		445,600			7,963,030
Lojas Renner		419,700			6,147,769
Multiplan Empreendimentos Imobiliarios		358,200			4,595,853
Natura Cosmeticos		138,600			1,975,223
OGX Petroleo e Gas Participacoes		4,600			2,934,963
PDG Realty		152,100			2,161,091
Petroleo Brasileiro ADR		450,347			18,572,311
Vale ADR		718,048			14,167,088
Total					78,025,301
China (12.8%)
Angang Steel Series H		672,000			1,524,372
Bank of China Series H		11,109,000	(f)		5,533,056
China Construction Bank Series H		9,502,000	(f)		7,662,983
China Life Insurance Series H		1,534,000			6,799,153
China Natl Building Material Series H		852,000			1,855,730
China Petroleum & Chemical Series H		4,726,000			4,244,297
China Shenhua Energy Series H		842,500			3,440,697
China Telecom Series H		8,248,000			4,299,647
Industrial & Commercial Bank of China Series H		10,692,000			7,698,320
Li Ning		1,541,500	(f)		5,101,920
Ping An Insurance Group of China Series H		397,500	(f)		3,528,811
Tencent Holdings		284,600	(f)		3,841,222
Tingyi (Cayman Islands) Holding		1,260,000			2,334,682
Total					57,864,890
Egypt (0.4%)
Orascom Construction Inds GDR		52,311	(d,e)		1,996,266
Hong Kong (10.1%)
Agile Property Holdings		4,004,000	(f)		5,662,489
China Mobile		1,229,500			12,913,849
China Overseas Land & Investment		3,227,280			7,962,095
China Resources Land		1,486,000			3,631,630
CNOOC ADR		76,389			10,184,945
Hengan Intl Group		400,000			2,327,766
Sino Land		1,356,000			2,768,018
Total					45,450,792
India (6.9%)
Bharat Heavy Electricals		122,184			5,686,114
Cairn India		422,459	(b)		2,074,171
Housing Development Finance		147,619			7,811,565
Infosys Technologies		142,904			6,155,533
Larsen & Toubro		70,144			2,204,725
Reliance Inds		132,797	(b)		5,418,285
State Bank of India		49,172			1,858,789
Total					31,209,182

Issuer	Shares		Value(a)
Indonesia (2.8%)
Bank Central Asia	5,092,000		1,937,732
Bank Rakyat Indonesia	4,331,000		3,187,127
Bumi Resources	8,055,500	(g)	2,273,730
PT Astra Intl	1,261,000		3,724,526
Telekomunikasi Indonesia	1,570,000		1,416,482
Total			12,539,597
Israel (2.9%)
Israel Chemicals	285,253		3,305,321
Teva Pharmaceutical Inds ADR	185,260		9,881,768
Total			13,187,089
Malaysia (1.2%)
Bumiputra-Commerce Holdings	1,036,900		3,180,720
Genting Group	1,204,400		2,223,560
Total			5,404,280
Mexico (3.6%)
America Movil ADR Series L	193,194		8,309,274
Desarrolladora Homex ADR	143,858	(b)	5,068,117
Wal-Mart de Mexico Series V	819,500		2,794,547
Total			16,171,938
Russia (8.4%)
CTC Media	168,981	(b)	2,088,605
Eurasia Drilling GDR	236,717	(d,e)	2,958,963
Evraz Group GDR	204,246	(d,e)	4,493,412
Gazprom ADR	226,459		4,693,362
LUKOIL ADR	87,337		4,366,850
NovaTek GDR	66,006	(d,e)	2,845,519
Pharmstandard	72,811	(b)	2,475,574
Rosneft Oil GDR	621,800	(d)	3,718,364
Sberbank Cl S	1,346,105		1,844,164
Wimm-Bill-Dann Foods ADR	53,800	(b)	3,667,008
X5 Retail Group GDR	311,987	(b,d,e)	5,022,991
Total			38,174,812
Singapore (1.0%)
Wilmar Intl	1,074,000		4,471,113
South Africa (3.0%)
AngloGold Ashanti	71,359		2,724,618
Impala Platinum Holdings	121,856		2,954,928
Murray & Roberts Holdings	476,584		2,917,030
Naspers Series N	105,856		3,161,053
Shoprite Holdings	225,092		1,655,008
Total			13,412,637
South Korea (10.6%)
Doosan Infracore	194,240		2,577,742
Hyundai Department Store	29,414		2,418,737
Hyundai Development	58,030		2,052,842
Hyundai Engineering & Construction	30,165		1,554,606
Hyundai Mobis	32,058		3,380,021

Issuer	Shares				Value(a)
Hyundai Motor		51,173			3,670,540
KB Financial Group		72,640	(b)		3,140,390
LG Display		96,920			2,797,325
LG Electronics		31,753			3,347,864
Samsung Electronics		31,417			16,117,379
Samsung Fire & Marine Insurance		7,949			1,333,193
Samsung Securities		33,381			2,087,247
Shinhan Financial Group		105,780	(b)		3,582,697
Total					48,060,583
Taiwan (10.6%)
Asia Cement		1,550,000			1,658,791
AU Optronics		2,646,000			2,936,595
Cathay Financial Holding		1,242,000	(b)		1,908,556
Delta Electronics		356,560			924,069
Far Eastern Textile		2,242,000			2,529,240
Fubon Financial Holding		1,731,000	(b)		1,775,967
Hon Hai Precision Industry		2,571,337			8,859,111
MediaTek		444,888			6,395,657
Synnex Technology Intl		974,000			1,891,695
Taiwan Cement		2,132,000			2,258,888
Taiwan Semiconductor Mfg		4,495,339			8,072,918
Tripod Technology		1,475,766			3,086,700
U-Ming Marine Transport		1,434,000			2,715,148
Yuanta Financial Holding		4,346,000	(b)		3,127,191
Total					48,140,526
Thailand (0.8%)
Siam Commercial Bank		1,617,900			3,684,635
Turkey (3.2%)
BIM Birlesik Magazalar		57,628			2,274,222
Tofas Turk Otomobil Fabrikasi		1,254,834			2,629,713
Turkiye Garanti Bankasi		2,658,210	(b)		9,405,111
Total					14,309,046
United Kingdom (2.0%)
Antofagasta		188,935			2,389,169
Standard Chartered		287,973			6,835,723
Total					9,224,892
United States (0.7%)
Southern Copper		125,175			3,224,508
Total Common Stocks (Cost: $358,924,969)				$	444,552,087

Other (—%)(c)

Issuer	Shares			Value(a)
South Korea
KB Financial Group Rights		5,642	(b)	$	72,807
Total Other (Cost: $—)				$	72,807

Money Market Fund (1.5%)

	Shares			Value(a)
RiverSource Short-Term Cash Fund, 0.41%		6,695,154	(h)	$	6,695,154
Total Money Market Fund (Cost: $6,695,154)				$	6,695,154

Investments of Cash Collateral Received for Securities on Loan (2.2%)

	Shares		Value(a)
Cash Collateral Reinvestment Fund
JPMorgan Prime Money Market Fund		9,785,123	$	9,785,123
Total Investments of Cash Collateral Received for Securities on Loan (Cost: $9,785,123)			$	9,785,123
Total Investments in Securities (Cost: $375,405,246)(i)			$	461,105,171

Summary of Investments in Securities by Industry

The following table represents the portfolio investments of the Fund by industry classifications as a percentage of total net assets at July 31, 2009:

	Percentage of
Industry	net assets			Value
Auto Components		0.7	%	$	3,380,021
Automobiles		2.2			10,024,779
Beverages		0.7			3,074,066
Capital Markets		1.2			5,214,438
Chemicals		0.7			3,305,321
Commercial Banks		15.8			71,648,404
Construction & Engineering		2.4			10,725,469
Construction Materials		1.3			5,773,409
Diversified Financial Services		1.7			7,480,620
Diversified Telecommunication Services		1.3			5,716,129
Electrical Equipment		1.3			5,686,114
Electronic Equipment, Instruments & Components		4.5			20,495,495
Energy Equipment & Services		0.7			2,958,963
Food & Staples Retailing		2.6			11,746,768
Food Products		2.3			10,472,803
Hotels, Restaurants & Leisure		0.5			2,223,560
Household Durables		2.3			10,577,072
Industrial Conglomerates		0.6			2,529,240
Insurance		3.0			13,569,713
Internet Software & Services		0.8			3,841,222
IT Services		1.4			6,155,533
Machinery		0.6			2,577,742
Marine		0.6			2,715,148
Media		1.2			5,249,658
Metals & Mining		8.4			38,146,229
Multiline Retail		1.9			8,566,506
Oil, Gas & Consumable Fuels		14.3			64,767,494
Personal Products		0.9			4,302,989
Pharmaceuticals		2.7			12,357,342
Real Estate Management & Development		5.4			24,620,085
Semiconductors & Semiconductor Equipment		6.8			30,585,954
Textiles, Apparel & Luxury Goods		1.1			5,101,920
Thrifts & Mortgage Finance		1.7			7,811,565
Wireless Telecommunication Services		4.7			21,223,123
Other(1)		3.6			16,480,277
Total					461,105,171

(1) Cash & Cash Equivalents.

Notes to Portfolio of Investments

(a)	Securities are valued by using policies described in Note 1 to the financial statements in the most recent Semiannual Report dated April 30, 2009.
(b)	Non-income producing.
(c)	Foreign security values are stated in U.S. dollars.
(d)	Represents a security sold under Rule 144A, which is exempt from registration under the Securities Act of 1933, as amended. This security may be determined to be liquid under guidelines established by the Fund’s Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2009, the value of these securities amounted to $21,035,515 or 4.6% of net assets.
(e)	Identifies issues considered to be illiquid as to their marketability. The aggregate value of such securities at July 31, 2009 was $17,317,151, representing 3.8% of net assets. Information concerning such security holdings at July 31, 2009 is as follows:

	Acquisition
Security	dates	Cost
Eurasia Drilling GDR	11-02-07 thru 04-15-08	$	5,578,172
Evraz Group GDR	05-06-09 thru 07-09-09		3,427,251
NovaTek GDR	02-09-09 thru 07-09-09		1,982,132
Orascom Construction Inds GDR	05-27-09 thru 07-09-09		1,943,289
X5 Retail Group GDR	12-16-08 thru 07-09-09		3,094,214

(f)	At July 31, 2009, security was partially or fully on loan.
(g)	Security valued by management at fair value according to procedures approved, in good faith, by the Board.
(h)	Affiliated Money Market Fund — The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. The rate shown is the seven-day current annualized yield at July 31, 2009.
(i)	At July 31, 2009, the cost of securities for federal income tax purposes was approximately $375,405,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was:

Unrealized appreciation	$	96,498,000
Unrealized depreciation		(10,798,000	)
Net unrealized appreciation	$	85,700,000

Fair Value Measurements

Statement of Financial Accounting Standards No. 157 (SFAS 157) requires disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category.

SFAS 157 establishes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset or liability’s fair value measurement. When a valuation uses multiple inputs from varying levels of the hierarchy, the hierarchy level is determined based on the lowest level input or inputs that are significant to the fair value measurement in its entirety. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

• Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

• Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

• Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Fund Administrator, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Non-U.S. equity securities actively traded in foreign markets may be reflected in Level 2 despite the availability of closing prices, because the Fund evaluates and determines whether those closing prices reflect fair value at the close of the New York Stock Exchange (NYSE) or require adjustment, as described in Note 1 to the financial statements — Valuation of securities in the most recent Semiannual report dated April 30, 2009.

Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models rely on one or more significant unobservable inputs and/or significant assumptions by the Fund Administrator. Inputs used in a valuation model may include, but are not limited to, financial statement analysis, discount rates and estimated cash flows, and comparable company data.

The following table is a summary of the inputs used to value the Fund’s investments as of July 31, 2009:

	Fair value at July 31, 2009
	Level 1		Level 2
	quoted prices		other		Level 3
	in active		significant		significant
	markets for		observable		unobservable
Description	identical assets		inputs		inputs		Total
Equity Securities
Common Stocks
Construction & Engineering	$	8,729,203	$	1,996,266	$	—	$	10,725,469
Oil, Gas & Consumable Fuels		61,049,130		3,718,364		—		64,767,494
All Other Industries (a)		369,059,124		—		—		369,059,124
Other
Commercial Banks		—		72,807		—		72,807
Total Equity Securities		438,837,457		5,787,437		—		444,624,894
Other
Affiliated Money Market Fund (b)		6,695,154		—		—		6,695,154
Investments of Cash Collateral Received for Securities on Loan		9,785,123		—		—		9,785,123
Total Other		16,480,277		—		—		16,480,277
Total	$	455,317,734	$	5,787,437	$	—	$	461,105,171

(a)	All industry classifications are identified in the Portfolio of Investments.
(b)	Money market fund that is a sweep investment for cash balances in the Fund at July 31, 2009.

Portfolio of Investments
Threadneedle Global Equity Fund
July 31, 2009 (Unaudited)

(Percentages represent value of investments compared to net assets)

Investments in Securities

Common Stocks (99.4%)(c)

Issuer	Shares			Value(a)
Australia (1.2%)
CSL		220,000		$	5,619,429
Belgium (1.2%)
Fortis		1,410,359	(b)		5,487,027
Bermuda (1.5%)
Accenture Cl A		109,462			3,838,832
PartnerRe		46,211			3,169,612
Total					7,008,444
Brazil (3.0%)
Companhia Brasileira de Meios de Pagamento		210,852	(b)		2,013,444
Natura Cosmeticos		124,700			1,777,131
Petroleo Brasileiro ADR		156,918			6,471,298
Redecard		244,400			3,638,941
Total					13,900,814
Canada (2.0%)
Barrick Gold		100,098			3,493,420
First Uranium		390,600	(b,d)		1,421,656
Nexen		120,600			2,500,416
Research In Motion		25,776	(b)		1,958,976
Total					9,374,468
China (1.1%)
Industrial & Commercial Bank of China Series H		7,375,000			5,310,055
Denmark (1.1%)
Vestas Wind Systems		75,391	(b,d)		5,310,598
Finland (1.2%)
Nokia		229,577			3,055,766
Talvivaara Mining		374,976	(b)		2,353,646
Total					5,409,412
France (0.9%)
France Telecom		169,200			4,222,127
Germany (5.7%)
Allianz		22,289			2,198,070
E.ON		115,822			4,383,933
K+S		44,907			2,520,197
Linde		74,690			7,048,496
MTU Aero Engines Holding		81,070			2,946,084
Siemens		95,049			7,585,433
Total					26,682,213

Issuer	Shares			Value(a)
Hong Kong (3.7%)
Champion REIT		2,695,000			1,078,011
Esprit Holdings		351,200			2,537,729
Great Eagle Holdings		2,025,377			4,698,923
Hongkong & Shanghai Hotels		2,084,500			2,393,838
Sun Hung Kai Properties		427,000			6,495,977
Total					17,204,478
India (0.5%)
State Bank of India GDR		33,367			2,502,525
Indonesia (1.2%)
Bank Rakyat Indonesia		4,270,500			3,142,606
Perusahaan Gas Negara		6,910,000			2,438,004
Total					5,580,610
Japan (6.0%)
Canon		83,200			3,104,609
Honda Motor		77,300			2,492,231
KDDI		602			3,194,546
Mitsubishi Estate		315,000			5,251,110
Nintendo		23,300			6,302,823
Osaka Securities Exchange		365			1,639,799
Shin-Etsu Chemical		44,300			2,388,267
Sony Financial Holdings		1,278	(d)		3,940,726
Total					28,314,111
Luxembourg (0.7%)
Millicom Intl Cellular		47,258	(b)		3,504,181
Mexico (1.9%)
America Movil ADR Series L		208,332			8,960,359
Netherlands (1.3%)
Fugro		46,713			2,095,976
ING Groep		321,564			4,123,426
Total					6,219,402
Portugal (0.5%)
Galp Energia Series B		163,210	(d)		2,135,179
Singapore (1.1%)
DBS Group Holdings		555,000			5,353,859
South Korea (3.2%)
KB Financial Group		102,220	(b)		4,419,200
NHN		14,500	(b)		2,107,266
Samsung Electronics		14,334			8,449,270
Total					14,975,736
Spain (1.4%)
Banco Santander		276,210			3,999,244
Inditex		51,726			2,781,990
Total					6,781,234
Switzerland (7.3%)
Nestlé		314,821			12,959,416
Novartis		155,000			7,100,063
Roche Holding		53,037			8,364,604
Syngenta		26,251			6,059,063
Total					34,483,146

Issuer	Shares			Value(a)
United Kingdom (9.3%)
3i Group		538,277			2,461,493
Autonomy		106,066	(b)		2,081,866
BG Group		396,370			6,614,620
HSBC Holdings		918,855			9,297,774
Intl Power		841,538			3,588,212
Tesco		870,381			5,343,248
Tullow Oil		458,103			7,564,468
Vodafone Group		3,319,267			6,803,390
Total					43,755,071
United States (42.4%)
Aetna		124,405			3,355,203
American Tower Cl A		145,599	(b)		4,963,470
Aon		69,181			2,729,190
Apple		30,000	(b)		4,901,700
Arch Coal		120,855			2,104,086
Bank of America		581,052			8,593,759
Cisco Systems		233,696	(b)		5,143,649
Cliffs Natural Resources		91,042			2,493,640
Coca-Cola		92,052			4,587,872
Comcast Cl A		210,367			3,126,054
CVS Caremark		119,558			4,002,802
Dell		676,887	(b)		9,056,748
Devon Energy		34,262			1,990,280
DIRECTV Group		203,305	(b)		5,265,599
eBay		124,893	(b)		2,653,976
ENSCO Intl		91,713			3,475,005
Gilead Sciences		99,565	(b)		4,871,715
Goldman Sachs Group		34,226			5,589,106
Google Cl A		17,074	(b)		7,564,636
Humana		88,280	(b)		2,899,998
IBM		75,000			8,844,750
Johnson & Johnson		179,460			10,927,319
JPMorgan Chase & Co		267,487			10,338,374
Laboratory Corp of America Holdings		86,471	(b)		5,809,986
Lockheed Martin		78,313			5,854,680
Lowe’s Companies		281,764			6,328,420
Microsoft		390,658			9,188,276
Norfolk Southern		135,586			5,864,095
Oracle		254,000			5,621,020
PepsiCo		32,600			1,850,050
Plum Creek Timber		104,974			3,283,587
QUALCOMM		50,000			2,310,500
Republic Services		146,266			3,890,676
Schering-Plough		100,000			2,651,000
Thermo Fisher Scientific		112,413	(b)		5,090,061
Travelers Companies		106,491			4,586,568
Ultra Petroleum		75,876	(b)		3,347,648
Valero Energy		138,682			2,496,276
Walgreen		164,399			5,104,589
Wal-Mart Stores		52,026			2,595,057
Walt Disney		145,340			3,650,941
Total					199,002,361
Total Common Stocks (Cost: $476,559,621)				$	467,096,839

Other (—%)(c)

Issuer	Shares			Value(a)
South Korea
KB Financial Group
Rights		6,897	(b)	$	89,003
Total Other (Cost: $—)				$	89,003
Money Market Fund (0.1%)

	Shares			Value(a)
RiverSource Short-Term Cash Fund, 0.41%		333,617	(e)	$	333,617
Total Money Market Fund (Cost: $333,617)				$	333,617
Investments of Cash Collateral Received for Securities on Loan (1.4%)

	Shares		Value(a)
Cash Collateral Reinvestment Fund
JPMorgan Prime Money Market Fund		6,745,055	$	6,745,055
Total Investments of Cash Collateral Received for Securities on Loan (Cost: $6,745,055)			$	6,745,055
Total Investments in Securities (Cost: $483,638,293)(f)			$	474,264,514

Summary of Investments in Securities by Industry
The following table represents the portfolio investments of the Fund by industry classifications as a percentage of total net assets at July 31, 2009:

	Percentage of net
Industry	assets			Value
Aerospace & Defense		1.9	%	$	8,800,764
Automobiles		0.5			2,492,231
Beverages		1.4			6,437,922
Biotechnology		2.2			10,491,144
Capital Markets		1.7			8,050,599
Chemicals		3.8			18,016,023
Commercial Banks		7.3			34,114,266
Commercial Services & Supplies		0.8			3,890,676
Communications Equipment		2.7			12,468,891
Computers & Peripherals		4.9			22,803,198
Diversified Financial Services		6.4			30,182,385
Diversified Telecommunication Services		0.9			4,222,127
Electric Utilities		0.9			4,383,933
Electrical Equipment		1.1			5,310,598
Energy Equipment & Services		1.2			5,570,981
Food & Staples Retailing		3.6			17,045,696
Food Products		2.8			12,959,416
Gas Utilities		0.5			2,438,004
Health Care Providers & Services		2.6			12,065,187
Hotels, Restaurants & Leisure		0.5			2,393,838
Independent Power Producers & Energy Traders		0.8			3,588,212
Industrial Conglomerates		1.6			7,585,433
Insurance		3.5			16,624,166
Internet Software & Services		2.6			12,325,878
IT Services		2.0			9,491,217
Life Sciences Tools & Services		1.1			5,090,061
Media		2.6			12,042,594
Metals & Mining		2.1			9,762,362
Office Electronics		0.7			3,104,609
Oil, Gas & Consumable Fuels		7.5			35,224,271
Personal Products		0.4			1,777,131
Pharmaceuticals		6.2			29,042,986
Real Estate Investment Trusts (REITs)		0.9			4,361,598
Real Estate Management & Development		3.5			16,446,010
Road & Rail		1.2			5,864,095
Semiconductors & Semiconductor Equipment		1.8			8,449,270
Software		4.9			23,193,985
Specialty Retail		2.5			11,648,139
Wireless Telecommunication Services		5.8			27,425,946
Other(1)		1.5			7,078,672
Total				$	474,264,514

(1) Cash & Cash Equivalents.

Notes to Portfolio of Investments

(a)	Securities are valued by using policies described in Note 1 to the financial statements in the most recent Semiannual Report dated April 30, 2009.
(b)	Non-income producing.
(c)	Foreign security values are stated in U.S. dollars.
(d)	At July 31, 2009, security was partially or fully on loan.
(e)	Affiliated Money Market Fund — The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. The rate shown is the seven-day current annualized yield at July 31, 2009.
(f)	At July 31, 2009, the cost of securities for federal income tax purposes was approximately $483,638,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was:

Unrealized appreciation	$	35,189,000
Unrealized depreciation		(44,562,000	)
Net unrealized depreciation	$	(9,373,000	)

The industries identified above are based on the Global Industry Classification Standard (GICS), which was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc.

Fair Value Measurements

Statement of Financial Accounting Standards No.157 (SFAS 157) requires disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category.

SFAS 157 establishes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset or liability’s fair value measurement. When a valuation uses multiple inputs from varying levels of the hierarchy, the hierarchy level is determined based on the lowest level input or inputs that are significant to the fair value measurement in its entirety. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

• Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

• Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

• Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Fund Administrator, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Non-U.S. equity securities actively traded in foreign markets may be reflected in Level 2 despite the availability of closing prices, because the Fund evaluates and determines whether those closing prices reflect fair value at the close of the New York Stock Exchange (NYSE) or require adjustment, as described in Note 1 to the financial statements — Valuation of securities in the most recent Semiannual report dated April 30, 2009.

Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models rely on one or more significant unobservable inputs and/or significant assumptions by the Fund Administrator. Inputs used in a valuation model may include, but are not limited to, financial statement analysis, discount rates and estimated cash flows, and comparable company data.

The following table is a summary of the inputs used to value the Fund’s investments as of July 31, 2009:

	Fair value at July 31, 2009
	Level 1		Level 2		Level 3
	quoted prices		other
	in active		significant		significant
	markets for		observable		unobservable
Description	identical assets		inputs		inputs		Total
Equity Securities
Common Stocks (a)	$	467,096,839	$	—	$	—	$	467,096,839
Other
Commercial Banks		—		89,003		—		89,003
Total Equity Securities		467,096,839		89,003		—		467,185,842
Other
Affiliated Money Market Fund (b)		333,617		—		—		333,617
Investments of Cash Collateral Received for Securities on Loan		6,745,055		—		—		6,745,055
Total Other		7,078,672		—		—		7,078,672
Total	$	474,175,511	$	89,003	$	—	$	474,264,514

(a)	All industry classifications are identified in the Portfolio of Investments.
(b)	Money market fund that is a sweep investment for cash balances in the Fund at July 31, 2009.

Portfolio of Investments
Threadneedle Global Equity Income Fund
July 31, 2009 (Unaudited)

(Percentages represent value of investments compared to net assets)

Investments in Securities

Common Stocks (94.0%)(c)

Issuer	Shares			Value(a)
Australia (4.1%)
Coca-Cola Amatil		34,646		$	270,266
Foster’s Group		43,123			194,337
Natl Australia Bank		13,837			281,477
Telstra		101,667			300,063
Total					1,046,143
Brazil (3.8%)
Cia de Bebidas das Americas		3,700			260,276
Companhia Brasileira de Meios de Pagamento		11,400	(b)		108,860
Natura Cosmeticos		13,400			190,967
Redecard		11,500			171,226
Vale ADR		14,057			241,780
Total					973,109
Canada (1.1%)
Baytex Energy Trust Units		13,509			274,503
China (0.9%)
CNOOC		170,000			228,570
Denmark (0.4%)
TrygVesta		1,687			113,667
Finland (4.0%)
Fortum		9,826			227,549
Nokia		13,647			181,647
Sampo Series A		18,987			396,405
Wartsila		6,295	(d)		225,172
Total					1,030,773
France (5.3%)
France Telecom		8,548			213,302
Sanofi-Aventis		3,614			236,708
Total		7,590			420,870
Vivendi		19,091			490,398
Total					1,361,278
Germany (6.0%)
Allianz		2,533			249,796
BASF		7,810			391,331
Bayer		4,162			255,400
Deutsche Telekom		13,917			178,300
E.ON		7,177			271,654
K+S		3,643			204,447
Total					1,550,928

Issuer	Shares			Value(a)
Greece (0.8%)
OPAP		8,529			204,806
Hong Kong (7.0%)
Champion REIT		1,092,000	(d)		436,805
Esprit Holdings		40,700			294,093
Great Eagle Holdings		121,209			281,208
Hang Lung Properties		60,000			219,873
Hang Seng Bank		18,300			297,290
Sun Hung Kai Properties		18,000			273,835
Total					1,803,104
Indonesia (0.7%)
Perusahaan Gas Negara		519,500			183,291
Italy (2.9%)
Eni		18,091			421,011
Snam Rete Gas		24,069			105,389
Telecom Italia		136,667			213,851
Total					740,251
Japan (4.3%)
Nintendo		1,400			378,710
Ono Pharmaceutical		11,400			507,337
Oracle Japan		5,500	(d)		221,512
Total					1,107,559
Mexico (1.0%)
Grupo Continental		124,300			254,210
Netherlands (1.8%)
Aegon		33,314			244,880
Royal Dutch Shell Series B		8,731			226,649
Total					471,529
Norway (0.7%)
StatoilHydro		9,100			194,521
Singapore (2.0%)
DBS Group Holdings		52,500			506,445
Spain (2.1%)
Inditex		4,901			263,592
Telefonica		11,115			276,487
Total					540,079
Sweden (1.8%)
Holmen Series B		6,474			178,149
Skanska Series B		20,313	(d)		285,115
Total					463,264
Taiwan (3.0%)
Chunghwa Telecom ADR		15,915			277,872
Delta Electronics		104,040			269,632
Hung Poo Real Estate Development		182,000			233,063
Total					780,567

Issuer	Shares		Value(a)
United Kingdom (18.5%)
3i Group		22,317		102,054
Admiral Group		29,823		476,512
AstraZeneca		8,386		392,660
BAE Systems		56,710		290,828
BP		76,969		639,273
British American Tobacco		12,648		392,560
Cable & Wireless		66,991		161,369
GlaxoSmithKline		19,626		376,696
Intl Power		63,895		272,440
Natl Grid		31,152		290,635
Northern Foods		71,573		73,530
Pearson		36,581		423,780
RSA Insurance Group		58,508		123,734
Vodafone Group		203,975		418,081
Wincanton		106,124		331,508
Total				4,765,660
United States (21.8%)
AllianceBernstein Holding LP		8,755		180,703
Altria Group		20,371		357,104
AT&T		9,647		253,041
BP Prudhoe Bay Royalty Trust		7,827		533,175
Bristol-Myers Squibb		20,924		454,888
CenturyTel		10,401		326,488
Diamond Offshore Drilling		2,627		236,088
EI du Pont de Nemours & Co		4,467		138,164
Home Depot		7,495		194,420
Jabil Circuit		28,530		261,335
Kinder Morgan Energy Partners LP		8,329		442,103
Merck & Co		15,338		460,293
Packaging Corp of America		22,531		443,185
Parkway Properties		6,566		93,040
Pfizer		18,214		290,149
Philip Morris Intl		8,405		391,673
Plum Creek Timber		8,501		265,911
Reynolds American		6,741		293,301
Total				5,615,061
Total Common Stocks (Cost: $22,129,814)			$	24,209,318
Bonds (4.3%)(c)

	Coupon			Principal
Issuer	rate			amount		Value(a)
Finland (2.3%)
Talvivaara Mining Sr Unsecured (European Monetary Unit) Cv    05-20-13		5.25	%	$	500,000	$	604,000
Jersey (1.4%)
Intl Power Finance III (European Monetary Unit) Cv    06-05-15		4.75			300,000		366,093

	Coupon		Principal
Issuer	rate		amount		Value(a)
United States (0.6%)
Micron Technology Cv    06-01-14		1.88		200,000		142,000
Total Bonds (Cost: $634,914)					$	1,112,093
Money Market Fund (1.2%)

	Shares			Value(a)
RiverSource Short-Term Cash Fund, 0.41%		312,987	(e)	$	312,987
Total Money Market Fund (Cost: $312,987)				$	312,987
Investments of Cash Collateral Received for Securities on Loan (1.7%)

	Shares		Value(a)
Cash Collateral Reinvestment Fund
JPMorgan Prime Money Market Fund		437,872	$	437,872
Total Investments of Cash Collateral Received for Securities on Loan (Cost: $437,872)			$	437,872
Total Investments in Securities (Cost: $23,515,587)(f)			$	26,072,270

Summary of Investments in Securities by Industry

The following table represents the portfolio investments of the Fund by industry classifications as a percentage of total net assets at July 31, 2009:

	Percentage of net
Industry	assets			Value
Aerospace & Defense		1.1	%	$	290,828
Air Freight & Logistics		1.3			331,508
Beverages		3.8			979,089
Capital Markets		1.1			282,757
Chemicals		2.9			733,942
Commercial Banks		4.2			1,085,212
Communications Equipment		0.7			181,647
Construction & Engineering		1.1			285,115
Containers & Packaging		1.7			443,185
Diversified Telecommunication Services		8.5			2,200,773
Electric		1.4			366,093
Electric Utilities		1.9			499,203
Electronic Equipment, Instruments & Components		2.1			530,967
Energy Equipment & Services		0.9			236,088
Food Products		0.3			73,530
Gas Utilities		1.1			288,680
Hotels, Restaurants & Leisure		0.8			204,806
Independent Power Producers & Energy Traders		1.1			272,440
Insurance		6.2			1,604,994
IT Services		1.1			280,086
Machinery		0.9			225,172
Media		3.6			914,178
Metals		2.3			604,000
Metals & Mining		0.9			241,780
Multi-Utilities		1.1			290,635
Oil, Gas & Consumable Fuels		13.2			3,380,675
Paper & Forest Products		0.7			178,149
Personal Products		0.7			190,967
Pharmaceuticals		11.7			2,974,131
Real Estate Investment Trusts (REITs)		3.1			795,756
Real Estate Management & Development		3.9			1,007,979
Software		2.3			600,222
Specialty Retail		2.9			752,105
Technology		0.6			142,000
Tobacco		5.6			1,434,638
Wireless Telecommunication Services		1.6			418,081
Other(1)		2.9			750,859
Total				$	26,072,270

(1) Cash & Cash Equivalents.

Notes to Portfolio of Investments

(a) Securities are valued by using policies described in Note 1 to the financial statements in the most recent Semiannual Report dated April 30, 2009.

(b) Non-income producing.

(c) Foreign security values are stated in U.S. dollars. For debt securities, principal amounts are denominated in U.S. dollar currency unless otherwise noted.

(d) At July 31, 2009, security was partially or fully on loan.

(e) Affiliated Money Market Fund — The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. The rate shown is the seven-day current annualized yield at July 31, 2009.

(f) At July 31, 2009, the cost of securities for federal income tax purposes was approximately $23,516,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was:

Unrealized appreciation	$	3,343,000
Unrealized depreciation		(787,000	)
Net unrealized appreciation	$	2,556,000

The industries identified above are based on the Global Industry Classification Standard (GICS), which was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc.

Fair Value Measurements

Statement of Financial Accounting Standards No.157 (SFAS 157) requires disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category.

SFAS 157 establishes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset or liability’s fair value measurement. When a valuation uses multiple inputs from varying levels of the hierarchy, the hierarchy level is determined based on the lowest level input or inputs that are significant to the fair value measurement in its entirety. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

• Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

• Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

• Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Fund Administrator, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Non-U.S. equity securities actively traded in foreign markets may be reflected in Level 2 despite the availability of closing prices, because the Fund evaluates and determines whether those closing prices reflect fair value at the close of the New York Stock Exchange (NYSE) or require adjustment, as described in Note 1 to the financial statements — Valuation of securities in the most recent Semiannual report dated April 30, 2009.

Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models rely on one or more significant unobservable inputs and/or significant assumptions by the Fund Administrator. Inputs used in a valuation model may include, but are not limited to, financial statement analysis, discount rates and estimated cash flows, and comparable company data.

The following table is a summary of the inputs used to value the Fund’s investments as of July 31, 2009:

	Fair value at July 31, 2009
	Level 1		Level 2
	quoted prices		other		Level 3
	in active		significant		significant
	markets for		observable		unobservable
Description	identical assets		inputs		inputs		Total
Equity Securities
Common Stocks (a)	$	24,209,318	$	—	$	—	$	24,209,318
Total Equity Securities		24,209,318		—		—		24,209,318
Bonds
Corporate Debt Securities		—		508,093		604,000		1,112,093
Total Bonds		—		508,093		604,000		1,112,093
Other
Affiliated Money Market Fund (b)		312,987		—		—		312,987
Investments of Cash Collateral Received for Securities on Loan		437,872		—		—		437,872
Total Other		750,859		—		—		750,859
Total	$	24,960,177	$	508,093	$	604,000	$	26,072,270

(a)	All industry classifications are identified in the Portfolio of Investments.
(b)	Money market fund that is a sweep investment for cash balances in the Fund at July 31, 2009.

The following table is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.

	Corporate Debt
	Securities
Balance as of Oct. 31, 2008	$	—
Accrued discounts/premiums		27,777
Realized gain (loss)		—
Change in unrealized appreciation (depreciation)*		323,896
Net purchases (sales)		252,327
Transfers in and/or out of Level 3		—
Balance as of July 31, 2009	$	604,000

* Change in unrealized appreciation (depreciation) relating to securities held at July 31, 2009 was $323,896.

Portfolio of Investments
Threadneedle Global Extended Alpha Fund
July 31, 2009 (Unaudited)

(Percentages represent value of investments compared to net assets)
Investments in Securities

Common Stocks (96.0%)(c)

Issuer	Shares			Value(a)
Australia (1.1%)
CSL		2,830		$	72,286
Belgium (1.2%)
Fortis		21,000	(b)		81,701
Bermuda (2.5%)
Accenture Cl A		2,646			92,795
PartnerRe		1,075			73,734
Total					166,529
Brazil (2.7%)
Companhia Brasileira de Meios de Pagamento		4,480	(b)		42,780
Natura Cosmeticos		4,400			62,705
Redecard		5,000			74,447
Total					179,932
Canada (2.6%)
Barrick Gold		2,300			80,338
First Uranium		8,000	(b,f)		29,117
Nexen		3,000			62,430
Total					171,885
Denmark (1.2%)
Vestas Wind Systems		1,150	(b)		81,007
France (1.6%)
France Telecom		4,185			104,430
Germany (3.0%)
Linde		1,090			102,863
Siemens		1,217			97,123
Total					199,986
Hong Kong (5.9%)
Great Eagle Holdings		51,359	(f)		119,154
Hongkong & Shanghai Hotels		80,000			91,872
KWG Property Holding		100,000			76,259
Sun Hung Kai Properties		7,000			106,491
Total					393,776
India (0.9%)
State Bank of India GDR		760			57,000
Indonesia (1.0%)
Bank Rakyat Indonesia		95,000			69,909

Issuer	Shares			Value(a)
Japan (2.2%)
Canon		1,000			37,315
Honda Motor		800			25,793
Nintendo		300			81,152
Total					144,260
Luxembourg (0.9%)
Millicom Intl Cellular		810	(b)		60,062
Mexico (1.0%)
America Movil ADR Series L		1,525			65,590
Netherlands (0.6%)
Fugro		880			39,485
Russia (0.5%)
NovaTek GDR		800	(d,e)		34,488
Singapore (0.9%)
DBS Group Holdings		6,000			57,880
South Korea (2.3%)
NHN		350	(b)		50,865
Samsung Electronics		170			100,208
Total					151,073
Switzerland (7.4%)
Mettler Toledo Intl		1,100	(b)		92,466
Nestlé		4,450			183,182
Novartis		1,610			73,749
Roche Holding		500			78,856
Syngenta		283			65,320
Total					493,573
Turkey (1.2%)
Turkiye Garanti Bankasi		23,000	(b)		81,377
United Kingdom (8.8%)
Autonomy		3,850	(b)		75,568
BG Group		7,500			125,160
Tesco		18,600			114,185
Tullow Oil		8,000			132,101
Vodafone Group		71,200			145,936
Total					592,950
United States (46.5%)
Altria Group		4,500			78,885
American Tower Cl A		3,300	(b)		112,497
Aon		1,100			43,395
Bank of America		13,000			192,270
Cisco Systems		4,600	(b)		101,246
Cliffs Natural Resources		1,450			39,716
Coca-Cola		1,750			87,220
Colgate-Palmolive		1,230			89,101
Comcast Cl A		2,040			30,314
CommScope		4,500	(b)		115,200

Issuer	Shares			Value(a)
Dell		11,255	(b)		150,592
DIRECTV Group		4,200	(b)		108,780
ENSCO Intl		1,050			39,785
Goldman Sachs Group		700			114,310
Google Cl A		250	(b)		110,763
Humana		2,400	(b)		78,840
IBM		1,300			153,309
Johnson & Johnson		2,040			124,216
Jones Lang LaSalle		850			32,266
Laboratory Corp of America Holdings		2,110	(b)		141,771
Lowe’s Companies		4,000			89,840
Microsoft		6,390			150,293
Morgan Stanley		2,200			62,700
Noble		2,100			71,105
Oracle		7,000			154,910
Republic Services		2,700			71,820
Starwood Hotels & Resorts Worldwide		1,400			33,054
Thermo Fisher Scientific		2,590	(b)		117,275
Travelers Companies		2,430			104,660
Ultra Petroleum		850	(b)		37,502
Union Pacific		2,000			115,040
Walgreen		3,000			93,150
Western Union		3,700			64,676
Total					3,110,501
Total Common Stocks
(Cost: $5,767,156)				$	6,409,680

Money Market Fund (4.4%)

	Shares			Value(a)
RiverSource Short-Term Cash Fund, 0.41%		296,983	(g)	$	296,983
Total Money Market Fund
(Cost: $296,983)				$	296,983

Investments of Cash Collateral Received for Securities on Loan (1.3%)

	Shares		Value(a)
Cash Collateral Reinvestment Fund
JPMorgan Prime Money Market Fund		88,268	$	88,268
Total Investments of Cash Collateral Received for Securities on Loan
(Cost: $88,268)			$	88,268
Total Investments in Securities (Cost: $6,152,407)(h)			$	6,794,931

Summary of Investments in Securities by Industry

The following table represents the portfolio investments of the Fund by industry classifications as a percentage of total net assets at July 31, 2009:

	Percentage of net
Industry	assets			Value
Automobiles		0.4	%	$	25,793
Beverages		1.3			87,220
Biotechnology		1.1			72,286
Capital Markets		2.6			177,010
Chemicals		2.5			168,183
Commercial Banks		4.0			266,166
Commercial Services & Supplies		1.1			71,820
Communications Equipment		3.2			216,446
Computers & Peripherals		4.6			303,901
Diversified Financial Services		4.1			273,971
Diversified Telecommunication Services		1.6			104,430
Electrical Equipment		1.2			81,007
Energy Equipment & Services		2.3			150,375
Food & Staples Retailing		3.1			207,335
Food Products		2.7			183,182
Health Care Providers & Services		3.3			220,611
Hotels, Restaurants & Leisure		1.9			124,926
Household Products		1.3			89,101
Industrial Conglomerates		1.5			97,123
Insurance		3.3			221,789
Internet Software & Services		2.4			161,628
IT Services		4.1			274,698
Life Sciences Tools & Services		3.1			209,741
Media		2.1			139,094
Metals & Mining		2.2			149,171
Office Electronics		0.6			37,315
Oil, Gas & Consumable Fuels		5.9			391,681
Personal Products		0.9			62,705
Pharmaceuticals		4.1			276,821
Real Estate Management & Development		5.0			334,170
Road & Rail		1.7			115,040
Semiconductors & Semiconductor Equipment		1.5			100,208
Software		6.9			461,923
Specialty Retail		1.3			89,840
Tobacco		1.2			78,885
Wireless Telecommunication Services		5.8			384,085
Other(1)		5.8			385,251
Total				$	6,794,931

(1) Cash & Cash Equivalents.

Investments in Derivatives

Portfolio Swap(1) Outstanding at July 31, 2009

		Next	Net unrealized
Counterparty	Description	reset date	appreciation
UBS	The Fund receives(pays) the total return on a custom basket of long(short) equity positions and pays(receives) a floating rate based on the 1-day LIBOR which is denominated in various foreign currencies based on the local currencies of the securities underlying the custom basket.	Aug. 11, 2009	$	29,659
Total			$	29,659

(1)

The Fund has entered into a portfolio swap agreement. A portfolio swap allows the Fund to obtain exposure to a custom basket of securities and foreign markets (both long and short exposures) without owning or taking physical custody of such securities. Under the terms of the agreement, payments made by the Fund or the counterparty are based on the total return of the reference assets within the basket. That is, one party agrees to pay another party the return on the basket in return for a specified interest rate. The agreement allows the Investment Manager of the Fund to alter the composition of the custom basket by trading in and out of the notional security positions at its discretion.

The notional amounts of the security positions held in the basket are not recorded in the financial statements. The portfolio swap is valued daily, and the change in value is recorded as unrealized appreciation (depreciation). The swap resets monthly at which time the Fund settles in cash with the counterparty. Payments received or made are recorded as realized gains (losses).

Notes to Portfolio of Investments
(a)	Securities are valued by using policies described in Note 1 to the financial statements in the most recent Semiannual Report dated April 30, 2009.
(b)	Non-income producing.
(c)	Foreign security values are stated in U.S. dollars.
(d)	Represents a security sold under Rule 144A, which is exempt from registration under the Securities Act of 1933, as amended. This security may be determined to be liquid under guidelines established by the Fund’s Board of Directors.

	These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2009, the value of these securities amounted to $34,488 or 0.5% of net assets.
(e)	Identifies issues considered to be illiquid as to their marketability. The aggregate value of such securities at July 31, 2009, was $34,488 representing 0.5% of net assets. Information concerning such security holdings at July 31, 2009, is as follows:

	Acquisition
Security	dates		Cost
NovaTek GDR		04-23-09	$	25,711

(f)	At July 31, 2009, security was partially or fully on loan.
(g)	Affiliated Money Market Fund — The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. The rate shown is the seven-day current annualized yield at July 31, 2009.
(h)	At July 31, 2009, the cost of securities for federal income tax purposes was approximately $6,152,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was:

Unrealized appreciation	$	778,000
Unrealized depreciation		(135,000	)
Net unrealized appreciation	$	643,000

The industries identified above are based on the Global Industry Classification Standard (GICS), which was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc.

Fair Value Measurements

Statement of Financial Accounting Standards No.157 (SFAS 157) requires disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category.

SFAS 157 establishes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset or liability’s fair value measurement. When a valuation uses multiple inputs from varying levels of the hierarchy, the hierarchy level is determined based on the lowest level input or inputs that are significant to the fair value measurement in its entirety. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

• Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

• Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

• Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Fund Administrator, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Non-U.S. equity securities actively traded in foreign markets may be reflected in Level 2 despite the availability of closing prices, because the Fund evaluates and determines whether those closing prices reflect fair value at the close of the New York Stock Exchange (NYSE) or require adjustment, as described in Note 1 to the financial statements — Valuation of securities in the most recent Semiannual report dated April 30, 2009.

Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models rely on one or more significant unobservable inputs and/or significant assumptions by the Fund Administrator. Inputs used in a valuation model may include, but are not limited to, financial statement analysis, discount rates and estimated cash flows, and comparable company data.

The following table is a summary of the inputs used to value the Fund’s investments as of July 31, 2009:

	Fair value at July 31, 2009
	Level 1		Level 2
	quoted prices		other		Level 3
	in active		significant		significant
	markets for		observable		unobservable
Description	identical assets		inputs		inputs		Total
Equity Securities
Common Stocks (a)	$	6,409,680	$	—	$	—	$	6,409,680
Total Equity Securities		6,409,680		—		—		6,409,680
Other
Affiliated Money Market Fund (b)		296,983		—		—		296,983
Investments of Cash Collateral Received for Securities on Loan		88,268		—		—		88,268
Total Other		385,251		—		—		385,251
Investments in Securities		6,794,931		—		—		6,794,931
Other Financial Instruments (c)		—		29,659		—		29,659
Total	$	6,794,931	$	29,659	$	—	$	6,824,590

(a)	All industry classifications are identified in the Portfolio of Investments.
(b)	Money market fund that is a sweep investment for cash balances in the Fund at July 31, 2009.
(c)	Other financial instruments are derivative instruments, which are valued at the unrealized appreciation (depreciation) on the instrument. Derivative descriptions are located in the Investments in Derivatives section of the Portfolio of Investments.

Item 2. Control and Procedures.

(a) Based upon their evaluation of the registrant’s disclosure controls and procedures as conducted within 90 days of the filing date of this report, the registrant’s principal financial officer and principal executive officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

(b) There were no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

Separate certification for the Registrant’s principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) RiverSource Global Series, Inc.

By	/s/ Patrick T. Bannigan Patrick T. Bannigan
	President and Principal Executive Officer
Date	September 29, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By	/s/ Patrick T. Bannigan
	Patrick T. Bannigan
	President and Principal Executive Officer
Date	September 29, 2009
By	/s/ Jeffrey P. Fox
	Jeffrey P. Fox
	Treasurer and Principal Financial Officer
Date	September 29, 2009

EX-99.CERT

Certification Pursuant to
270.30a-2 of the Investment Company Act of 1940

I, Patrick T. Bannigan, certify that:

1.	I have reviewed this report on Form N-Q of RiverSource Global Series, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of a date within 90 days prior to the filing date of this report based on such evaluation and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	September 24, 2009
Name:	/s/ Patrick T. Bannigan Patrick T. Bannigan
Title:	President and Principal Executive Officer

Certification Pursuant to
270.30a-2 of the Investment Company Act of 1940

I, Jeffrey P. Fox, certify that:

1.	I have reviewed this report on Form N-Q of RiverSource Global Series, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of a date within 90 days prior to the filing date of this report based on such evaluation and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	September 24, 2009
	/s/ Jeffrey P. Fox
Name:	Jeffrey P. Fox
Title:	Treasurer and Chief Financial Officer