CORRESP 1 filename1.txt Page 1 of 11 April 9, 2009 Ms. Patsy Mengiste Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 ATTN.: Document Control - EDGAR RE: PROXY BOOK 1 N-14 File Number: 333-157520 Seligman Global Fund Series, Inc. Seligman Global Technology Fund (PROPOSAL 1) N-14 File Number: 333-157527 Seligman Growth Fund, Inc. (PROPOSAL 2) N-14 File Number: 333-157517 RiverSource Strategy Series, Inc. RiverSource Equity Value Fund (PROPOSAL 3) N-14 File Number: 333-157526 Seligman Value Fund Series, Inc. Seligman Smaller-Cap Value Fund (PROPOSAL 4) PROXY BOOK 2 N-14 File Number: 333-157525 RiverSource Large Cap Series, Inc. RiverSource Disciplined Equity Fund (PROPOSALS 1(A) AND 1(B)) PROXY BOOK 3 N-14 File Number: 333-157557 Seligman Municipal Fund Series, Inc. Seligman National Municipal Class (PROPOSALS 1-14) PROXY BOOK 4 N-14 File Number: 333-157556 RiverSource Market Advantage Series, Inc. RiverSource Portfolio Builder Total Equity Fund (PROPOSALS 1(A) AND 1(B)) RiverSource Portfolio Builder Aggressive Fund (PROPOSAL 2) RiverSource Portfolio Builder Moderate Aggressive Fund (PROPOSAL 3) PROXY BOOK 5 N-14 File Number: 333-157589 RiverSource Diversified Income Series, Inc. RiverSource Diversified Bond Fund (PROPOSAL 1) N-14 File Number: 333-157587 RiverSource Global Series, Inc. Threadneedle Emerging Markets Fund (PROPOSAL 2) Threadneedle Global Equity Fund (PROPOSAL 3) N-14 File Number: 333-157590 RiverSource High Yield Income Series, Inc. RiverSource High Yield Bond Fund (PROPOSAL 4) N-14 File Number: 333-157586 RiverSource Investment Series, Inc. RiverSource Balanced Fund (PROPOSAL 5) N-14 File Number: 333-157588 RiverSource International Managers Series, Inc. RiverSource Partners International Select Growth Fund (PROPOSAL 6) N-14 File Number: 333-157592 RiverSource Government Income Series, Inc. RiverSource Short Duration U.S. Government Fund (PROPOSAL 7) Dear Ms. Mengiste: This letter responds to your additional comment received by telephone on April 1, 2009 for the N-14 filings referenced above. The comment and response are outlined below: COMMENT: Confirm that the applicable Buying Fund and Selling Fund share classes exist for each proposed Reorganization. RESPONSE: The applicable share classes exist for each Buying Fund and Selling Fund involved in the proposed Reorganizations. For your reference we have provided a chart, attached as Exhibit A to this letter, which outlines the corresponding Buying Fund and Selling Fund series and class identifiers. With regard to Page 2 of 11 certain Seligman Funds, share classes currently identified as Class R and Class I will be redesignated as Class R2 and Class R5, respectively, as a part of the integration-related work. These changes will occur after the effectiveness of the Form N-14 Registration Statements but prior to the Reorganization transactions and have been appropriately noted in Part A and Part B of the Form N-14 Registration Statements. In connection with the above-referenced Registration Statements, each Registrant hereby acknowledges the following: The disclosures in the filing are the responsibility of the Registrant and the Registrant is fully responsible for the adequacy or accuracy of the disclosures in this filing. The Registrant represents to the Commission that comments made by the Commission, or the staff acting pursuant to delegated authority, or changes to disclosure in response to staff comments in the filing reviewed by the staff, do not foreclose the Commission from taking any action with respect to the filing, and the Registrant represents that it will not assert this action as a defense in any proceeding initiated by the Commission or any person, under the federal securities laws of the United States. If you have any questions, please contact either me at 612-671-4321 or Heidi Brommer at 612-671-2403. Sincerely, /s/ Christopher O. Petersen ------------------------------------- Christopher O. Petersen Vice President and Group Counsel Ameriprise Financial, Inc. Page 3 of 11 EXHIBIT A PROXY BOOK 1 PROPOSAL 1 N-14 File Number: 333-157520
BUYING FUND SELLING FUND ------------------------------------ ------------------------------------ SELIGMAN GLOBAL RIVERSOURCE GLOBAL FUND SERIES, INC. CIK: 0000881466 SERIES, INC. CIK: 0000842918 ------------------ --------------- ------------------ --------------- Seligman Global RiverSource Global Technology Fund S000009658 Technology Fund S000003518 Class A C000026473 Class A C000009749 Class B C000026474 Class B C000009750 Class C C000026475 Class C C000009751 Class I* C000075911 Class I C000009747 Class R4* C000075909 Class R4 C000043014
* New share class established through Form N-1A for purposes of the reorganization. PROPOSAL 2 N-14 File Number: 333-157527
BUYING FUND SELLING FUND -------------------------------------------- ----------------------------------------- SELIGMAN GROWTH RIVERSOURCE LARGE FUND, INC. CIK: 0000316411 CAP SERIES, INC. CIK: 0000049702 -------------------------- --------------- ----------------------- --------------- Seligman Growth Fund, Inc. S000009569 RiverSource Growth Fund S000003288 Class A C000026136 Class A C000008746 Class B C000026137 Class B C000008747 Class C C000026138 Class C C000008748 Class I* C000076414 Class I C000008749 Class R (to be redesignated R2) C000026141 Class R2 C000042894 Class R3* C000076415 Class R3 C000042895 Class R4* C000076416 Class R4 C000042896 Class I (to be redesignated R5) C000026140 Class R5 C000042897
* New share class established through Form N-1A for purposes of the reorganization. Page 4 of 11 PROPOSAL 3 N-14 File Number: 333-157517
BUYING FUND SELLING FUND ----------------------------------------------- -------------------------------------------------- RIVERSOURCE STRATEGY RIVERSOURCE LARGE CAP SERIES, INC. CIK: 0000740146 SERIES, INC. CIK: 0000049702 ----------------------------- ----- --------- -------------------------------- --------------- RiverSource Equity Value Fund S000003300 RiverSource Large Cap Value Fund S000003290 Class A C000008797 Class A C000008758 Class B C000008798 Class B C000008759 Class C C000008795 Class C C000008756 Class I C000008796 Class I C000008760 Class R2 C000043049 Class R2 C000042902 Class R3 C000043050 Class R3 C000042903 Class R4 C000043051 Class R4 C000042904 Class R5 C000043052 Class R5 C000042905
PROPOSAL 4 N-14 File Number: 333-157526
BUYING FUND SELLING FUND ----------------------------------------------- -------------------------------------------------- SELIGMAN VALUE FUND RIVERSOURCE STRATEGY SERIES, INC. CIK: 0001031594 SERIES, INC. CIK: 0000740146 ----------------------------- --------------- -------------------------------- --------------- Seligman Smaller-Cap RiverSource Small Cap Value Fund S000009592 Advantage Fund S000003302 Class A C000026194 Class A C000008807 Class B C000026195 Class B C000008808 Class C C000026196 Class C C000008809 Class I* C000076442 Class I C000008805 Class R (to be redesignated R2) C000026199 Class R2 C000043058 Class R3* C000076443 Class R3 C000043059 Class R4* C000076444 Class R4 C000043060 Class I (to be redesignated R5) C000026198 Class R5 C000043061
* New share class established through Form N-1A for purposes of the reorganization. Page 5 of 11 PROXY BOOK 2 PROPOSALS 1(A) AND 1(B) N-14 File Number: 333-157525
BUYING FUND SELLING FUND (PROPOSAL 1(A)) SELLING FUND (PROPOSAL 1(B)) ----------------------------------------- ----------------------------------- --------------------------------------- RIVERSOURCE LARGE CAP RIVERSOURCE LARGE SELIGMAN COMMON STOCK SERIES, INC. CIK: 0000049702 CAP SERIES, INC. CIK: 0000049702 FUND, INC. CIK: 0000014358 ----------------------- --------------- ----------------- --------------- --------------------- --------------- RiverSource Disciplined RiverSource Large Seligman Common Stock S000009548 Equity Fund S000003287 Cap Equity Fund S000003289 Fund, Inc. Class A C000008744 Class A C000008752 Class A C000026086 Class B C000008741 Class B C000008753 Class B C000026087 Class C C000008742 Class C C000008754 Class C C000026088 Class I C000008745 Class I C000008751 -- -- Class R2 C000042888 Class R2 C000042898 Class R C000026091 (to be redesignated R2) Class R3 C000042889 Class R3 C000042899 -- -- Class R4 C000042890 Class R4 C000042900 -- -- Class R5 C000042891 Class R5 C000042901 Class I C000026090 (to be redesignated R5)
Page 6 of 11 PROXY BOOK 3 PROPOSALS 1-14 N-14 File Number: 333-157557
BUYING FUND SELLING FUNDS -------------------------------------------- ------------------------------------------------------------ SELIGMAN MUNICIPAL FUND SERIES, INC. CIK: 0000726291 SELIGMAN MUNICIPAL FUND SERIES, INC. CIK: 0000726291 Seligman National Municipal S000009600 Seligman Colorado Municipal Class S000009605 Class Class A C000026278 Class A C000026263 Seligman Georgia Municipal Class S000009606 Class A C000026281 Seligman Louisiana Municipal Class S000009607 Class A C000026284 Seligman Maryland Municipal Class S000009608 Class A C000026287 Seligman Massachusetts Municipal Class S000009609 Class A C000026290 Seligman Michigan Municipal Class S000009610 Class A C000026293 Seligman Missouri Municipal Class S000009612 Class A C000026299 Seligman Ohio Municipal Class S000009602 Class A C000026269 Seligman Oregon Municipal Class S000009603 Class A C000026272 Seligman South Carolina Municipal Class S000009604 Class A C000026275 SELIGMAN MUNICIPAL SERIES TRUST CIK: 0000750756 Seligman Florida Municipal Class S000009616 Class A C000026322 Seligman North Carolina Municipal Series S000009617 Class A C000026325 SELIGMAN NEW JERSEY MUNICIPAL FUND, INC. CIK: 0000813240 Seligman New Jersey Municipal Fund, Inc. S000009595 Class A C000026207 SELIGMAN PENNSYLVANIA MUNICIPAL FUND SERIES CIK: 0000793701 Seligman Pennsylvania Municipal Fund Series S000009596 Class A C000026210
Page 7 of 11
BUYING FUND SELLING FUNDS -------------------------------------------- ------------------------------------------------------------ SELIGMAN MUNICIPAL FUND SERIES, INC. CIK: 0000726291 SELIGMAN MUNICIPAL FUND SERIES, INC. CIK: 0000726291 Seligman National Municipal S000009600 Seligman Colorado Municipal Class S000009605 Class Class C C000026279 Class C C000026264 Seligman Georgia Municipal Class S000009606 Class C C000026282 Seligman Louisiana Municipal Class S000009607 Class C C000026285 Seligman Maryland Municipal Class S000009608 Class C C000026288 Seligman Massachusetts Municipal Class S000009609 Class C C000026291 Seligman Michigan Municipal Class S000009610 Class C C000026294 Seligman Missouri Municipal Class S000009612 Class C C000026300 Seligman Ohio Municipal Class S000009602 Class C C000026270 Seligman Oregon Municipal Class S000009603 Class C C000026273 Seligman South Carolina Municipal Class S000009604 Class C C000026276 SELIGMAN MUNICIPAL SERIES TRUST CIK: 0000750756 Seligman Florida Municipal Class S000009616 Class C C000026323 Seligman North Carolina Municipal Series S000009617 Class C C000026326 SELIGMAN NEW JERSEY MUNICIPAL FUND, INC. CIK: 0000813240 Seligman New Jersey Municipal Fund, Inc. S000009595 Class C C000026208 SELIGMAN PENNSYLVANIA MUNICIPAL FUND SERIES CIK: 0000793701 Seligman Pennsylvania Municipal Fund Series S000009596 Class C C000026211
Page 8 of 11 PROXY BOOK 4 PROPOSALS 1(A) AND 1(B) N-14 File Number: 333-157556
BUYING FUND SELLING FUND (PROPOSAL 1(A)) SELLING FUND (PROPOSAL 1(B)) ------------------------------------ -------------------------------- -------------------------------- RIVERSOURCE MARKET SELIGMAN ASSET SELIGMAN ASSET ADVANTAGE SERIES, ALLOCATION ALLOCATION INC. CIK: 0000854669 SERIES, INC. CIK: 0001092633 SERIES, INC. CIK: 0001092633 ------------------ --------------- -------------- --------------- -------------- --------------- RiverSource Seligman Asset Portfolio Allocation Seligman Asset Builder Total Aggressive Allocation Equity Fund S000003296 Growth Fund S000009643 Growth Fund S000009644 Class A C000008783 Class A C000026407 Class A C000026411 Class B C000008784 Class B C000026408 Class B C000026412 Class C C000008781 Class C C000026409 Class C C000026413
PROPOSAL 2 N-14 File Number: 333-157556
BUYING FUND SELLING FUND --------------------------------------- ------------------------------------------- RIVERSOURCE MARKET SELIGMAN ASSET ADVANTAGE SERIES, ALLOCATION INC. CIK: 0000854669 SERIES, INC. CIK: 0001092633 --------------------- --------------- ------------------------- --------------- RiverSource Portfolio Builder Aggressive Seligman Asset Allocation Fund S000003295 Moderate Growth Fund S000009645 Class A C000008779 Class A C000026415 Class B C000008780 Class B C000026416 Class C C000008777 Class C C000026417
PROPOSAL 3 N-14 File Number: 333-157556
BUYING FUND SELLING FUND --------------------------------------- ------------------------------------------- RIVERSOURCE MARKET SELIGMAN ASSET ADVANTAGE SERIES, ALLOCATION SERIES, INC. CIK: 0000854669 INC. CIK: 0001092633 --------------------- --------------- ------------------------- --------------- RiverSource Portfolio Seligman Asset Builder Moderate Allocation Balanced Aggressive Fund S000003294 Fund S000009646 Class A C000008775 Class A C000026419 Class B C000008776 Class B C000026420 Class C C000008773 Class C C000026421
Page 9 of 11 PROXY BOOK 5 PROPOSAL 1 N-14 File Number: 333-157589
BUYING FUND SELLING FUND --------------------------------------- ------------------------------------------- RIVERSOURCE DIVERSIFIED SELIGMAN CORE FIXED INCOME SERIES, INC. CIK: 0000049697 INCOME FUND, INC. CIK: 0001142702 --------------------- --------------- ------------------------- --------------- RiverSource Diversified Seligman Core Fixed Bond Fund S000003362 Income Fund, Inc. S000002551 Class A C000009232 Class A C000007020 Class B C000009233 Class B C000007021 Class C C000009234 Class C C000007022 Class R (to be Class R2 C000038360 redesignated R2) C000007024 Class I (to be Class R5 C000038362 redesignated R5) C000008210
PROPOSAL 2 RiverSource N-14 File Number: 333-157587
BUYING FUND SELLING FUND --------------------------------------- ------------------------------------------- RIVERSOURCE GLOBAL SELIGMAN GLOBAL FUND SERIES, INC. CIK: 0000842918 SERIES, INC. CIK: 0000881466 --------------------- --------------- ------------------------- --------------- Threadneedle Emerging Seligman Emerging Markets Markets Fund S000003513 Fund S000009654 Class A C000009727 Class A C000026449 Class B C000009728 Class B C000026450 Class C C000009724 Class C C000026451 Class R (to be Class R2* C000076523 redesignated R2) C000026454 Class I (to be Class R5 C000068287 redesignated R5) C000026453
* New share class established through Form N-1A for purposes of the reorganization. Page 10 of 11 PROPOSAL 3 RiverSource N-14 File Number: 333-157587
BUYING FUND SELLING FUND -------------------------------------------------- --------------------------------------------------- RIVERSOURCE GLOBAL SERIES, INC. CIK: 0000842918 SELIGMAN GLOBAL FUND SERIES, INC. CIK: 0000881466 ------------------------------- --------------- --------------------------------- --------------- Threadneedle Global Equity Fund S000003517 Seligman Global Growth Fund S000009655 Class A C000009744 Class A C000026455 Class B C000009745 Class B C000026456 Class C C000009743 Class C C000026457 Class R (to be Class R2 C000043012 redesignated R2) C000026460 Class I (to be Class R5 C000043010 redesignated R5) C000026459
PROPOSAL 4 N-14 File Number: 333-157590
BUYING FUND SELLING FUND -------------------------------------------------- --------------------------------------------------- RIVERSOURCE HIGH YIELD INCOME SELIGMAN HIGH INCOME FUND SERIES, INC. CIK: 0000728374 SERIES CIK: 0000752372 ------------------------------- --------------- --------------------------------- --------------- RiverSource High Yield Bond Fund S000003310 Seligman High-Yield Fund S000002552 Class A C000008857 Class A C000007025 Class B C000008858 Class B C000007026 Class C C000008859 Class C C000007027 Class R (to be Class R2 C000042972 redesignated R2) C000007029 Class I (to be Class R5 C000042975 redesignated R5) C000008211
PROPOSAL 5 N-14 File Number: 333-157586
BUYING FUND SELLING FUND -------------------------------------------------- --------------------------------------------------- RIVERSOURCE INVESTMENT SERIES, SELIGMAN INCOME AND GROWTH INC. CIK: 0000052347 FUND, INC. CIK: 0000100852 ------------------------------- --------------- --------------------------------- --------------- RiverSource Balanced Fund S000003395 Seligman Income and Growth Fund, Inc. S000009562 Class A C000009328 Class A C000026124 Class B C000009329 Class B C000026125 Class C C000009327 Class C C000026126 Class R (to be Class R2* C000076521 redesignated R2) C000026129 Class I (to be Class R5* C000076522 redesignated R5) C000026128
* New share class established through Form N-1A for purposes of the reorganization. Page 11 of 11 PROPOSAL 6 N-14 File Number: 333-157588
BUYING FUND SELLING FUND ------------------------------------------- ---------------------------------------- RIVERSOURCE INTERNATIONAL SELIGMAN GLOBAL FUND MANAGERS SERIES, INC. CIK: 0001140531 SERIES, INC. CIK: 0000881466 ------------------------- --------------- ---------------------- --------------- RiverSource Partners International Select Seligman International Growth Fund S000003412 Growth Fund S000009657 Class A C000009429 Class A C000026467 Class B C000009430 Class B C000026468 Class C C000009427 Class C C000026469 Class R (to be Class R2* C000076526 redesignated R2) C000026472 Class I (to be Class R5* C000076527 redesignated R5) C000026471
* New share class established through Form N-1A for purposes of the reorganization. PROPOSAL 7 N-14 File Number: 333-157592
BUYING FUND SELLING FUND -------------------------------------------- ------------------------------------------ RIVERSOURCE GOVERNMENT SELIGMAN HIGH INCOME INCOME SERIES, INC. CIK: 0000764802 FUND SERIES CIK: 0000752372 -------------------------- --------------- ------------------------ --------------- RiverSource Short Duration Seligman U.S. Government U.S. Government Fund S000003306 Securities Fund S000002553 Class A C000008828 Class A C000007030 Class B C000008829 Class B C000007031 Class C C000008830 Class C C000007032 Class R (to be Class R2* C000076520 redesignated R2) C000007034
* New share class established through Form N-1A for purposes of the reorganization.