Prepared for PrimaGuide subscribers and their clients. RiverSource

transcript

Asset Allocation 3/31/2010

Region Analysis 3/31/2010

Product OverviewStatus OpenBenchmark Russell 1000 ValueDiscipline ActiveProcess Fundamental

Administrative InformationMinimum $100,000 Inception 12/1991Fee 38 bps Product Assets $333.1 MillionManager Neil T. Eigen # of Securities 35Tenure 30 Yrs Avg Turnover 25 - 35%

Firm OverviewRiverSource Investments, LLC ("RiverSource") is a wholly owned subsidiary of AmeripriseFinancial, Inc. and provides investment management services to the RiverSource family of fundsand Ameriprise certificates. Ameriprise Financial, Inc. is a financial planning and financial servicescompany based in Minneapolis, MN. In addition to its family of mutual funds, RiverSourceprovides investment management services for institutional clients, alternative investments,insurance assets, and managed account programs. The RiverSource Funds cover domestic andinternational equity as well as fixed income markets.

ObjectiveRiverSource's Seligman Large Cap Value Equity product invests in a portfolio of undervaluedcompanies with improving fundamentals. The belief is that the stock market, over time, efficientlyrecognizes companies with improving fundamentals. Through a bottom-up, fundamentalphilosophy, the firm looks for companies that have catalysts to cause positive changes from thosethat pass the initial screening for size and P/E multiple. If a low expectation company canaccelerate its earnings growth rate over time, RiverSource believes that it will prove to be a goodinvestment.

ProcessThe Large Cap Value Equity investment process begins by gathering data on companies thatmeet the value criteria. The market is screened for companies with market capitalizations greaterthan $4 billion and P/E ratios below that of the S&P 500 Index. Companies that meet the valuecriteria are then analyzed to uncover any signals pointing to a catalyst that will produceaccelerating earnings. Catalysts typically come in the form of management changes and companyrestructurings. Other potential buy candidates are cyclical companies or companies that themanagers feel have been unduly punished in the stock market.

The investment team has developed value focus screens that are adapted to reflect the currentmarket and economic conditions. These screens fall into six categories: standard value considersdividend yields, earnings revisions, and earnings outlooks; deep value considers the capitalizationstructure and price to book ratios; LBO model considers enterprise value/EBITDA and long-termearnings; fallen angel considers revenue growth, earnings changes, and price changes; improvingcompany considers returns on assets, capital, and equity compared to 5-year averages; and, deep discount considers price to sales and return on capital.

After potential candidates have been identified, the team performs fundamental analysis on each company. The internal research performed by the ValueEquity Team concentrates on recognizing potential change in a company given the operating environment. Additionally, analysts outside the Value EquityTeam are consulted. When the Value Equity Team believes they have identified an exceptional investment they will develop a forecast that identifies thecatalyst and quantifies the earnings improvement. The managers actively visit company management and consider those visits an important part of thefundamental research process.

Stocks are sold when company fundamentals change, when the reason for purchase no longer exists, or when the stock becomes fully valued (historically)versus its peer group or versus the market. The team continuously reevaluates the fundamentals of each holding in relation to its current and projectedearnings. Price targets are established and considered in the final selection process, but are also a dynamic function of change in the underlying investment.Selling a security is decided upon through a team approach with final decisions made by Neil Eigen, Managing Director and Value Team Leader.

PersonnelNeil T. Eigen is the Senior Portfolio Manager on the strategy. Mr. Eigen joined the firm from J. & W. Seligman when the firm was acquired by Ameriprise inNovember 2008. Prior to joining J. & W. Seligman in January 1997 he was a Senior Managing Director of Bear, Stearns & Co., serving as Chief InvestmentOfficer and Director of Equities of Bear, Stearns Asset Management. Mr. Eigen is a graduate of New York University with a BS degree in Investments andInvestment Analysis.

RiverSource Investments, LLCSeligman Large Cap Value EquitySeparate Account: US Equity Large Cap Value

Prepared for PrimaGuide subscribers and their clients.

Returns as of 3/31/2010

Not FDIC Insured • Not Bank Guaranteed • May Lose Value • Not a DepositNot Insured by any Federal or State Government Agency

All performance presented is gross of fees. Please see disclosure at the end of this report for additional important information. FOR ONE-ON-ONEPRESENTATIONS ONLY. Copyright © 2010, Prima Portfolio Services, Inc. All Rights Reserved.

Portfolio Growth

Trailing PerformanceMGR R1000V

Q1 2010 11.41 6.78YTD 11.41 6.781 Year 62.61 53.563 Year (1.22) (7.33)5 Year 4.41 1.057 Year 11.32 7.6810 Year 5.41 3.10

Calendar PerformanceMGR R1000V

2010 YTD 11.41 6.782009 25.68 19.692008 (37.04) (36.85)2007 12.90 (0.17)2006 12.86 22.252005 12.52 7.052004 16.86 16.492003 32.79 30.032002 (28.20) (15.52)2001 (8.49) (5.59)

Cumulative Excess Return

18.3 Year Risk/Reward StatisticsJan 1, 1992 to Mar 31, 2010 MGR R1000VBeta 1.08 1.00Annualized Alpha 0.82 0.00R-Squared 0.88 1.00Std Deviation 18.40 16.01Correlation 0.94 1.00Risk Adjusted Return 0.56 0.58Sharpe Ratio 0.36 0.35Sterling Ratio 0.22 0.18Treynor Ratio 6.10 5.59Batting Average 0.53Up Quarters 53 55Up Capture 108.31% 100.00%Down Quarters 20 18Down Capture 103.71% 100.00%Best 1 Quarter Return 22.31 18.24Worst 1 Quarter Return (24.34) (22.18)Best 4 Quarter Return 62.61 53.56Worst 4 Quarter Return (41.64) (42.42)Maximum Drawdown (46.35) (50.60)Tracking Error 3.22 0.00Information Ratio 0.15

Capital Market Line

Risk/Return

Excess Sharpe

Rolling 3-Year Sharpe Ratio

Rolling 3-Year Treynor Ratio

Rolling 3-Year Risk-Adjusted Return

3 Year Capture Ratio 5 Year Capture Ratio

7 Year Capture Ratio 10 Year Capture Ratio

Sharpe Ratio Universe - Trailing Periods*

MGR 3 Year 5 Year 7 Year 10 YearValue (0.12) 0.07 0.46 0.12Percentile 8 20 17 34

R1000V 3 Year 5 Year 7 Year 10 YearValue (0.38) (0.10) 0.28 0.01Percentile 83 80 80 83

Universe * 3 Year 5 Year 7 Year 10 Year5th Percentile (0.09) 0.18 0.18 0.2925th Percentile (0.20) 0.07 0.07 0.1550th Percentile (0.27) (0.02) (0.02) 0.0975th Percentile (0.35) (0.08) (0.08) 0.0395th Percentile (0.45) (0.15) (0.15) (0.05)Number of Products 236 219 188 145As of 3/31/2010

* SA Large Cap Value Universe

Treynor Ratio Universe - Trailing Periods*

MGR 3 Year 5 Year 7 Year 10 YearValue (3.04) 1.50 8.77 2.41Percentile 8 20 16 34

R1000V 3 Year 5 Year 7 Year 10 YearValue (9.31) (1.86) 5.22 0.25Percentile 81 79 82 83

Universe * 3 Year 5 Year 7 Year 10 Year5th Percentile (2.31) 3.89 3.89 5.8125th Percentile (5.08) 1.35 1.35 2.9750th Percentile (6.83) (0.33) (0.33) 1.7175th Percentile (8.87) (1.59) (1.59) 0.6095th Percentile (11.16) (3.06) (3.06) (0.88)Number of Products 236 219 188 145As of 3/31/2010

* SA Large Cap Value Universe

Rolling Three Year Information Ratio

Modified Information RatioExcess Return 0.15Alpha 0.26

Attribution Analysis - SummaryReturn Return Attributable To:

MGR R1000V Issue Sector Timing Trading TotalQ1 2010 11.41 6.78 2.83 2.19 0.00 (0.40) 4.63

Attribution Analysis Detail - Q1 2010

Sector MGR %MGR

Return* R1000V %R1000VReturn* Issue Sector Timing Total

Consumer Discretionary 13.02 % 10.37 9.69 % 13.47 (0.40) 0.22 (0.18)Consumer Staples 11.29 % 20.81 9.12 % 5.75 1.70 (0.02) 1.68Energy 9.74 % 5.57 16.19 % 1.64 0.38 0.33 0.71Financials 27.35 % 16.37 20.16 % 12.17 1.15 0.39 1.54Healthcare 11.36 % 4.86 10.78 % 3.08 0.20 (0.02) 0.18Industrials 17.05 % 11.65 11.05 % 13.88 (0.38) 0.43 0.05Information Technology 4.43 % 15.04 8.57 % 4.44 0.47 0.10 0.57Materials 3.38 % 8.08 4.25 % 6.71 0.05 0.00 0.05Telecommunications 0.00 % 4.41 % (3.63) 0.46 0.46Unclassified 0.14 % 0.00 0.08 % 0.00 0.00 0.00Utilities 2.25 % (17.36) 5.69 % (2.45) (0.33) 0.32 (0.02)Total 100.00 % 11.80 100.00 % 6.78 2.83 2.19 0.00 5.02*Trailing quarter return as of 3/31/2010

Rolling 3 Year Domestic Equity Style Chart

Style Attribution (Jan 1, 1992 to Mar 31, 2010)

Russell Top 200 Value 41.80%Russell Top 200 Growth 4.13%Russell Midcap Value 54.07%Russell Midcap Growth 0.00%Russell 2000 Value 0.00%Russell 2000 Growth 0.00%T-Bills - 3 Month 0.00%Annualized Alpha 0.13Beta 1.07R-Squared 0.891

Style Attribution

Portfolio Based Style Analysis 3/31/2010

Style Concentration 3/31/2010

Historical Style Concentration

Equity Portfolio Characteristics 3/31/2010

MGR R1000VWtd Avg Market Cap ($mil) 46,182.51 71,930.003 Year Earnings Growth 3.00 (2.67)Yield (12 month) 1.88% 2.14%Price To Book 1.66 1.62Price To Earnings 15.04 16.24Price To Sales 1.16 1.16Price To Cash Flow 10.90 10.12Return on Equity 12.16%

Equity - Top Portfolio Holdings 3/31/2010

Portfolio %Unum Group 5.29%Tyson Foods Inc. 5.06%Bristol-Myers Squibb Co 4.51%Bank of America Corp 4.29%Juniper Networks Inc 3.87%Gap Inc. (The) 3.54%Metlife Inc. 3.49%Prudential Financial Inc 3.36%Honeywell International Inc. 3.33%Travelers Companies Inc (The) 3.27%

Style Concentration 3/31/2010

Equity Sectors 3/31/2010

Country Breakdown 3/31/2010

Country Long Exposure Short Exposure Net ExposureTop Net Long

United States of America 99.99% 0% 99.99%Other (Country Allocation 0.01% 0% 0.01%Total 100.0% 0% 100.0%

Disclosures

Performance DisclosurePlease refer to PrimaGuide Terms and Conditions of Use, available for viewing from within the PrimaGuide application and provided to you as part of yourPrimaGuide subscription. All performance presented is gross of fees. In reviewing and assessing the performance of any manager, one should consider thatvarious managers compute their performance differently. Past performance does not guarantee future results. This is not a sales solicitation, but rather, aseparate account manager report on a separately managed account. Please contact Prima Capital to determine registration status of this investment in yourstate.

Benchmark DisclosureRussell Investment Group is the source and owner of the Russell Index data contained or reflected in this material and all trademarks and copyrights relatedthereto. The presentation may contain confidential information and unauthorized use, disclosure, copying, dissemination or redistribution is strictly prohibited.This is a presentation of Prima Portfolio Services, Inc. Russell Investment Group is not responsible for the formatting or configuration of this material or forany inaccuracy in Prima Portfolio Services, Inc's presentation thereof.

Prepared for PrimaGuide subscribers and their clients. RiverSource

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