INSURED COPY
234-62-62-03
INVESTMENT COMPANY BOND
GREAT AMERICAN INSURANCE COMPANY
(A Stock Insurance Company, Herein Called the Underwriter)
DECLARATIONS Bond No. 234-62-62 - 03
Item 1. Name of Insured (herein called Insured): RiverSource Funds
Principal Address: 901 Marquette Ave. South, Suite 2810
Minneapolis, MN 55402-3268
Item 2. Bond Period from 12:01 a.m. 08/01/2010 to 12:01 a.m. 08/01/2011 the
effective date of the termination or cancellation of this bond,
standard time at the Principal Address as to each of said dates.
Item 3. Limit of Liability - Subject to Sections 9, 10 and 12 hereof,
Amount applicable to
Limit of Liability Deductible
------------------ ----------
Insuring Agreement (A)-FIDELITY $50,000,000 $0
Insuring Agreement (B)-ON PREMISES Not Covered N/A
Insuring Agreement (C)-IN TRANSIT Not Covered N/A
Insuring Agreement (D)-FORGERY OR ALTERATION Not Covered N/A
Insuring Agreement (E)-SECURITIES Not Covered N/A
Insuring Agreement (F)-COUNTERFEIT CURRENCY Not Covered N/A
Insuring Agreement (G)-STOP PAYMENT Not Covered N/A
Insuring Agreement (H)-UNCOLLECTIBLE ITEMS OF DEPOSIT Not Covered N/A
Insuring Agreement (I)-AUDIT EXPENSE Not Covered N/A
Insuring Agreement (J)-TELEFACSIMILE TRANSMISSIONS Not Covered N/A
Insuring Agreement (K)-UNAUTHORIZED SIGNATURES Not Covered N/A
Optional Insuring Agreements and Coverages
Insuring Agreement (L)-COMPUTER SYSTEMS Not Covered N/A
Insuring Agreement (M)-AUTOMATED PHONE SYSTEMS Not Covered N/A
If "Not Covered" is inserted above opposite any specified Insuring
Agreement or Coverage, such Insuring Agreement or Coverage and any
other reference thereto in this bond shall be deemed to be deleted
therefrom.
Item 4. Offices or Premises Covered-Offices acquired or established subsequent
to the effective date of this bond are covered according to the terms of
General Agreement A. All the Insured's offices or premises in existence at
the time this bond becomes effective are covered under this bond except the
offices or premises located as follows: N/A
Item 5. The liability of the Underwriter is subject to the terms of the
following riders attached hereto: Riders No. 1 & 2
Item 6. The Insured by the acceptance of this bond gives to the Underwriter
terminating or canceling prior bond(s) or policy(ies) No.(s) 234-62-62 - 02
such termination or cancellation to be effective as of the time this bond
becomes effective.
By: /s/ Frederick J. Scheckton, Jr.
--------------------------------------
Authorized Representative
INVESTMENT COMPANY BOND
The Underwriter, in consideration of an agreed premium, and subject to the
Declarations made a part hereof, the General Agreements, Conditions and
Limitations and other terms of this bond, agrees with the Insured, in accordance
with Insuring Agreements hereof to which an amount of insurance is applicable as
set forth in Item 3 of the Declarations and with respect to loss sustained by
the Insured at any time but discovered during the Bond period, to indemnify and
hold harmless the Insured for:
INSURING AGREEMENTS
(A) FIDELITY
Loss resulting from any dishonest or fraudulent act(s), including Larceny
or Embezzlement committed by an Employee, committed anywhere and whether
committed alone or in collusion with others, including loss of Property
resulting from such acts of an Employee, which Property is held by the Insured
for any purpose or in any capacity and whether so held gratuitously or not and
whether or not the Insured is liable therefor.
Dishonest or fraudulent act(s) as used in this Insuring Agreement shall
mean only dishonest or fraudulent act(s) committed by such Employee with the
manifest intent:
(a) to cause the Insured to sustain such loss; and
(b) to obtain financial benefit for the Employee, or for any other person
or organization intended by the Employee to receive such benefit,
other than salaries, commissions, fees, bonuses, promotions, awards,
profit sharing, pensions or other employee benefits earned in the
normal course of employment.
(B) ON PREMISES
Loss of Property (occurring with or without negligence or violence) through
robbery, burglary, Larceny, theft, holdup, or other fraudulent means,
misplacement, mysterious unexplainable disappearance, damage thereto or
destruction thereof, abstraction or removal from the possession, custody or
control of the Insured, and loss of subscription, conversion, redemption or
deposit privileges through the misplacement or loss of Property, while the
Property is (or is supposed or believed by the Insured to be) lodged or
deposited within any offices or premises located anywhere, except in an office
listed in Item 4 of the Declarations or amendment thereof or in the mail or with
a carrier for hire other than an armored motor vehicle company, for the purpose
of transportation.
Offices and Equipment
(1) Loss of or damage to furnishings, fixtures, stationary, supplies or
equipment, within any of the Insured's offices covered under this bond
caused by Larceny or theft in, or by burglary, robbery or hold-up of
such office, or attempt thereat, or by vandalism or malicious
mischief; or
(2) loss through damage to any such office by Larceny or theft in, or by
burglary, robbery or hold-up of such office or attempt thereat.
(C) IN TRANSIT
Loss of Property (occurring with or without negligence or violence) through
robbery, Larceny, theft, hold-up, misplacement, mysterious unexplainable
disappearance, being lost or otherwise made away with, damage thereto or
destruction thereof, and loss of subscription, conversion, redemption or deposit
privileges through the misplacement or loss of Property, while the Property is
in transit anywhere in the custody of any person or persons acting as messenger,
except while in the mail or with a carrier for hire, other than an armored motor
vehicle company, for the purpose of transportation, such transit to begin
immediately upon receipt of such Property by the transporting person or persons,
and to end immediately upon delivery thereof at destination.
(D) FORGERY OR ALTERATION
Loss through FORGERY or ALTERATION of, on or in any bills of exchange,
checks, drafts, acceptances, certificates of deposit, promissory notes, or other
written promises, orders or directions to pay sums certain in money due bills,
money orders, warrants, orders upon public treasuries, letters of credit,
written instructions, advices or applications directed to the Insured,
authorizing or acknowledging the transfer, payment, delivery or receipt of funds
or Property, which instructions or advices or applications purport to have been
signed or endorsed by any customer of the Insured, shareholder or subscriber to
shares, whether certificated or uncertificated, of any Investment Company or by
any financial or banking institution or stock-broker but which instructions,
advices or applications either bear the forged signature or endorsement or have
been altered without the knowledge and consent of such customer, shareholder or
subscriber to shares, whether certificated or uncertificated, of an Investment
Company, financial or banking institution or stockbroker, withdrawal orders or
receipts for the withdrawal of funds or Property, or receipts or certificates of
deposit for Property and bearing the name of the Insured as issuer, or of
another Investment Company for which the Insured acts as agent, excluding,
however, any loss covered under Insuring Agreement (F) hereof whether or not
coverage for Insuring Agreement (F) is provided for in the Declarations of this
bond.
Any check or draft (a) made payable to a fictitious payee and endorsed in
the name of such fictitious payee or (b) procured in a transaction with the
maker or drawer thereof or
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with one acting as an agent of such maker or drawer or anyone impersonating
another and made or drawn payable to the one so impersonated and endorsed by
anyone other than the one impersonated, shall be deemed to be forged as to such
endorsement.
Mechanically reproduced facsimile signatures are treated the same as handwritten
signatures.
(E) SECURITIES
Loss sustained by the Insured, including loss sustained by reason of a
violation of the constitution, by-laws, rules or regulations of any Self
Regulatory Organization of which the Insured is a member or which would have
been imposed upon the Insured by the constitution, by-laws, rules or regulations
of any Self Regulatory Organization if the Insured had been a member thereof,
(1) through the Insured's having, in good faith and in the course of
business, whether for its own account or for the account of others, in
any representative, fiduciary, agency or any other capacity, either
gratuitously or otherwise, purchased or otherwise acquired, accepted
or received, or sold or delivered, or given any value, extended any
credit or assumed any liability, on the faith of, or otherwise acted
upon, any securities, documents or other written instruments which
prove to have been
(a) counterfeited, or
(b) forged as to the signature of any maker, drawer, issuer,
endorser, assignor, lessee, transfer agent or registrar,
acceptor, surety or guarantor or as to the signature of any
person signing in any other capacity, or
(c) raised or otherwise altered, or lost, or stolen, or
(2) through the Insured's having, in good faith and in the course of
business, guaranteed in writing or witnessed any signatures whether
for valuable consideration or not and whether or not such guaranteeing
or witnessing is ultra vires the Insured, upon any transfers,
assignments, bills of sale, powers of attorney, guarantees,
endorsements or other obligations upon or in connection with any
securities, documents or other written instruments and which pass or
purport to pass title to such securities, documents or other written
instruments; EXCLUDING, losses caused by FORGERY or ALTERATION of, on
or in those instruments covered under Insuring Agreement (E) hereof.
Securities, documents or other written instruments shall be deemed to mean
original (including original counterparts) negotiable or non-negotiable
agreements which in and of themselves represent an equitable interest,
ownership, or debt, including an assignment thereof which instruments are in the
ordinary course of business, transferable by delivery of such agreements with
any necessary endorsement or assignment.
The word "counterfeited" as used in this Insuring Agreement shall be deemed
to mean any security, document or other written instrument which is intended to
deceive and to be taken for an original.
Mechanically reproduced facsimile signatures are treated the same as
handwritten signatures.
(F) COUNTERFEIT CURRENCY
Loss through the receipt by the Insured, in good faith, of any
counterfeited money orders or altered paper currencies or coin of the United
States of America or Canada issued or purporting to have been issued by the
United States of America or Canada or issued pursuant to a United States of
America or Canadian statute for use as currency.
(G) STOP PAYMENT
Loss against any and all sums which the Insured shall become obligated to
pay by reason of the Liability imposed upon the Insured by law for damages:
For having either complied with or failed to comply with any written
notice of any customer, shareholder or subscriber of the Insured or
any Authorized Representative of such customer, shareholder or
subscriber to stop payment of any check or draft made or drawn by such
customer, shareholder or subscriber or any Authorized Representative
of such customer, shareholder or subscriber, or
For having refused to pay any check or draft made or drawn by any
customer, shareholder or subscriber of the Insured, or any Authorized
Representative of such customer, shareholder or subscriber.
(H) UNCOLLECTIBLE ITEMS OF DEPOSIT
Loss resulting from payments of dividends or fund shares, or withdrawals
permitted from any customer's, shareholder's or subscriber's account based upon
Uncollectible items of Deposit of a customer, shareholder or subscriber credited
by the Insured or the Insured's agent to such customer's, shareholder's or
subscriber's Mutual Fund Account: or
loss resulting from any item of Deposit processed through an Automated
Clearing House which is reversed by the customer, shareholder or subscriber and
deemed uncollectible by the Insured.
Loss includes dividends and interest accrued not to exceed 15% of the
Uncollectible items which are deposited.
This Insuring Agreement applies to all Mutual Funds with "exchange
privileges" if all Fund(s) in the exchange program are insured by a Great
American Insurance Company of Cincinnati, OH for Uncollectible Items of Deposit.
Regardless of the number of transactions between Fund(s) the minimum number of
days of deposit within the Fund(s) before withdrawal as declared in the Fund(s)
prospectus shall begin from the date a deposit was first credited to any Insured
Fund(s).
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(I) AUDIT EXPENSE
Expense incurred by the Insured for that part of the costs of audits or
examinations required by any governmental regulatory authority to be conducted
either by such authority or by an independent accountant by reason of the
discovery of loss sustained by the Insured through any dishonest or fraudulent
act(s), including Larceny or Embezzlement of any of the Employees. The total
liability of the Underwriter for such expense by reason of such acts of any
Employee or in which such Employee is concerned or implicated or with respect to
any one audit or examination is limited to the amount stated opposite Audit
Expense in Item 3 of the Declarations; it being understood, however, that such
expense shall be deemed to be a loss sustained by the Insured through any
dishonest or fraudulent act(s), including Larceny or Embezzlement of one or more
of the Employees and the liability under this paragraph shall be in addition to
the Limit of Liability stated in Insuring Agreement (A) in Item 3 of the
Declarations.
(J) TELEFACSIMILE TRANSMISSIONS
Loss resulting by reason of the Insured having transferred, paid or
delivered any funds or Property, established any credit, debited any account, or
given any value relying on any fraudulent instructions sent by a customer or
financial institution by Telefacsimile Transmission directed to the Insured,
authorizing or acknowledging the transfer, payment, or delivery of funds or
property, the establishment of a credit, debiting of any account, or the giving
of value by the Insured, but only if such telefacsimile instructions:
(i) bear a valid test key exchanged between the Insured and a customer or
another financial institution with authority to use such test key for
Telefacsimile instructions in the ordinary course of business, but
which test key has been wrongfully obtained by a person who was not
authorized to initiate, make, validate or authenticate a test key
arrangement; and
(ii) fraudulently purport to have been sent by such customer or financial
institution, but which telefacsimile instructions are transmitted
without the knowledge or consent of such customer or financial
institution by a person other than such customer or financial
institution and which bear a forged signature.
"Telefacsimile" means a system of transmitting written documents by
electronic signals over telephone lines to equipment maintained by the
Insured within its communication room for the purposes of reproducing
a copy of said document. It does not mean electronic communication
sent by Telex, TWC, or electronic mail, or Automated Clearing House.
(K) UNAUTHORIZED SIGNATURES
Loss resulting directly from the Insured having accepted, paid or cashed
any check or withdrawal order, draft, made or drawn on a customer's account
which bears the signature or endorsement of one other than a person whose name
and signature is on the application on file with the Insured as a signatory on
such account.
It shall be a condition precedent to the Insured's right to recovery under
this Insuring Agreement that the Insured shall have on file signatures of all
persons who are authorized signatories on such account.
GENERAL AGREEMENTS
(A) ADDITIONAL OFFICES OR EMPLOYEES-CONSOLIDATION OR MERGER-NOTICE
(1) If the Insured shall, while this bond is in force, establish any
additional office or offices, such office or offices shall be
automatically covered hereunder from the dates of their establishment,
respectively. No notice to the Underwriter of an increase during any
premium period in the number of offices or in the number of Employees
at any of the offices covered hereunder need be given and no
additional premium need be paid for the remainder of such premium
period.
(2) If an Investment Company, named as Insured herein, shall, while this
bond is in force, merge or consolidate with, or purchase the assets of
another institution, coverage for such acquisition shall apply
automatically from the date of acquisition. The Insured shall notify
the Underwriter of such acquisition within 60 days of said date, and
an additional premium shall be computed only if such acquisition
involves additional offices or employees.
(B) WARRANTY
No statement made by or on behalf of the Insured, whether contained in the
application or otherwise, shall be deemed to be a warranty of anything except
that it is true to the best of the knowledge and belief of the person making the
statement.
(C) COURT COSTS AND ATTORNEYS' FEES (Applicable to all Insuring Agreements or
Coverages now or hereafter forming part of this bond)
The Underwriter will Indemnify the Insured against court costs and
reasonable attorneys' fees incurred and paid by the Insured in defense, whether
or not successful, whether or not fully litigated on the merits and whether or
not settled of any suit or legal proceeding brought against the Insured to
enforce the Insured's liability or alleged liability on account of any loss,
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claim or damage which, if established against the Insured, would constitute a
loss sustained by the Insured covered under the terms of this bond provided,
however, that with respect to Insuring Agreement (A) this indemnity shall apply
only in the event that
(1) an Employee admits to being guilty of any dishonest or fraudulent
act(s), including Larceny or Embezzlement; or
(2) an Employee is adjudicated to be guilty of any dishonest or fraudulent
act(s), including Larceny or Embezzlement;
(3) in the absence of (1) or (2) above an arbitration panel agrees, after
a review of an agreed statement of facts, that an Employee would be
found guilty of dishonesty if such Employee were prosecuted.
The Insured shall promptly give notice to the Underwriter of any such suit
or legal proceeding and at the request of the Underwriter shall furnish it with
copies of all pleadings and other papers therein. At the Underwriter's election
the Insured shall permit the Underwriter to conduct the defense of such suit or
legal proceeding, in the Insured's name, through attorneys of the Underwriter's
selection. In such event, the Insured shall give all reasonable information and
assistance which the Underwriter shall deem necessary to the proper defense of
such suit or legal proceeding.
If the Insured's liability or alleged liability is greater than the amount
recoverable under this bond, or if a Deductible Amount is applicable, the
liability of the Underwriter under this General Agreement is limited to that
percentage of litigation expense determined by pro ration of the bond limit of
liability to the amount claimed, after the application of any deductible. This
litigation expense will be in addition to the Limit of Liability for the
applicable Insuring Agreement.
(D) FORMER EMPLOYEE
Acts of Employee, as defined in this bond, are covered under Insuring
Agreement (A) only while the Employee is in the Insured's employ. Should loss
involving a former Employee of the Insured be discovered subsequent to the
termination of employment, coverage would still apply under Insuring Agreement
(A) if the direct proximate cause of the loss occurred while the former Employee
performed duties within the scope of his/her employment.
THE FOREGOING INSURING AGREEMENTS AND
GENERAL AGREEMENTS ARE SUBJECT TO
THE FOLLOWING CONDITIONS AND
LIMITATIONS:
SECTION 1. DEFINITIONS
The following terms, as used in this bond, shall have the respective
meanings stated in this Section:
(a) "Employee" means:
(1) any of the Insured's officers, partners, or employees, and
(2) any of the officers or employees of any predecessor of the
Insured whose principal assets are acquired by the Insured by
consolidation or merger with, or purchase of assets of capital
stock of such predecessor, and
(3) attorneys retained by the Insured to perform legal services for
the Insured and the employees of such attorneys while such
attorneys or the employees of such attorneys are performing such
services for the Insured, and
(4) guest students pursuing their studies or duties in any of the
Insured's offices, and
(5) directors or trustees of the Insured, the investment advisor,
underwriter (distributor), transfer agent, or shareholder
accounting record keeper, or administrator authorized by written
agreement to keep financial and/or other required records, but
only while performing acts coming within the scope of the usual
duties of an officer or employee or while acting as a member of
any committee duly elected or appointed to examine or audit or
have custody of or access to the Property of the Insured, and
(6) any individual or individuals assigned to perform the usual
duties of an employee within the premises of the Insured by
contract, or by any agency furnishing temporary personnel on a
contingent or part-time basis, and
(7) each natural person, partnership or corporation authorized by
written agreement with the Insured to perform services as
electronic data processor of checks or other accounting records
of the Insured, but excluding any such processor who acts as
transfer agent or in any other agency capacity in issuing checks,
drafts or securities for the Insured, unless included under Sub-
section (9) hereof, and
(8) those persons so designated in section 15, Central Handling of
Securities, and
(9) any officer, partner or Employee of
a) an investment advisor,
b) an underwriter (distributor),
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c) a transfer agent or shareholder accounting record-keeper, or
d) an administrator authorized by written agreement to keep
financial and/or other required records,
for an Investment Company, named as Insured while performing acts
coming within the scope of the usual duties of an officer or Employee
of any Investment Company named as Insured herein, or while acting as
a member of any committee duly elected or appointed to examine or
audit or have custody of or access to the Property of any such
Investment Company, provided that only Employees or partners of a
transfer agent, shareholder accounting record-keeper or administrator
which is an affiliated person as defined in the Investment Company Act
of 1940, of an Investment Company named as Insured or is an affiliated
person of the adviser, underwriter or administrator of such Investment
Company, and which is not a bank, shall be included within the
definition of Employee.
Each employer of temporary personnel or processors as set forth in
Sub-Sections (6) and (7) of Section 1 (a) and their partners, officers
and employees shall collectively be deemed to be one person for all
the purposes of this bond, excepting, however, the last paragraph of
Section 13.
Brokers, or other agents under contract or representatives of the same
general character shall not be considered Employees.
(b) "Property" means money (i.e. currency, coin, bank notes, Federal
Reserve notes), postage and revenue stamps, U.S. Savings Stamps,
bullion, precious metals of all kinds and in any form and articles
made therefrom, jewelry, watches, necklaces, bracelets, gems, precious
and semi-precious stones, bonds, securities, evidences of debts,
debentures, scrip, certificates, interim receipts, warrants, rights,
puts, calls, straddles, spreads, transfers, coupons, drafts, bills of
exchange, acceptances, notes, checks, withdrawal orders, money orders,
warehouse receipts, bills of lading, conditional sales contracts,
abstracts of title, insurance policies, deeds, mortgages under real
estate and/or chattels and upon interests therein, and assignments of
such policies, mortgages and instruments, and other valuable papers,
including books of account and other records used by the Insured in
the conduct of its business, and all other instruments similar to or
in the nature of the foregoing including Electronic Representations of
such Instruments enumerated above (but excluding all data processing
records) in which the Insured has an interest or in which the Insured
acquired or should have acquired an interest by reason of a
predecessor's declared financial condition at the time of the
Insured's consolidation or merge with, or purchase of the principal
assets of, such predecessor or which are held by the Insured for any
purpose or in any capacity and whether so held by the Insured for any
purpose or in any capacity and whether so held gratuitously or not and
whether or not the Insured is liable therefor.
(c) "Forgery" means the signing of the name of another with the intent to
deceive; it does not include the signing of one's own name with or
without authority, in any capacity, or for any purpose.
(d) "Larceny and Embezzlement" as it applies to any named Insured means
those acts as set forth in Section 37 of the Investment Company Act of
1940.
(e) "Items of Deposit" means any one or more checks and drafts.
SECTION 2. EXCLUSIONS
THIS BOND DOES NOT COVER:
(a) loss effected directly or indirectly by means of forgery or alteration
of, on or in any instrument, except when covered by Insuring Agreement
(A), (D), (E) or (F).
(b) loss due to riot or civil commotion outside the United States of
America and Canada; or loss due to military, naval or usurped power,
war or insurrection unless such loss occurs in transit in the
circumstances recited in Insuring Agreement (D), and unless, when such
transit was initiated, there was no knowledge of such riot, civil
commotion, military, naval or usurped power, war or insurrection on
the part of any person acting for the Insured in initiating such
transit.
(c) loss, in time of peace or war, directly or indirectly caused by or
resulting from the effects of nuclear fission or fusion or
radioactivity; provided, however, that this paragraph shall not apply
to loss resulting from industrial uses of nuclear energy.
(d) loss resulting from any wrongful act or acts of any person who is a
member of the Board of Directors of the Insured or a member of any
equivalent body by whatsoever name known unless such person is also an
Employee or an elected official, partial owner or partner of the
Insured in some other capacity, nor, in any event, loss resulting from
the act or acts of any person while acting in the capacity of a member
of such Board or equivalent body.
(e) loss resulting from the complete or partial nonpayment of, or default
upon, any loan or transaction in the nature of, or amounting to, a
loan made by or obtained from the Insured or any of its partners,
directors or Employees, whether authorized
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or unauthorized and whether procured in good faith or through trick,
artifice, fraud or false pretenses, unless such loss is covered under
Insuring Agreement (A), (E) or (F).
(f) loss resulting from any violation by the Insured or by any Employee
(1) of law regulating (a) the issuance, purchase or sale of securities,
(b) securities transactions upon Security Exchanges or over the
counter market, (c) Investment Companies, or (d) Investment Advisors,
or
(2) of any rule or regulation made pursuant to any such law.
unless such loss, in the absence of such laws, rules or regulations, would
be covered under Insuring Agreements (A) or (E).
(g) loss of Property or loss of privileges through the misplacement or loss of
Property as set forth in Insuring Agreement (C) or (D) while the Property
is in the custody of any armored motor vehicle company, unless such loss
shall be in excess of the amount recovered or received by the Insured under
(a) the Insured's contract with said armored motor vehicle company, (b)
insurance carried by said armored motor vehicle company for the benefit of
users of its service, and (c) all other insurance and indemnity in force in
whatsoever form carried by or for the benefit of users of said armored
motor vehicle company's service, and then this bond shall cover only such
excess.
(h) potential income, including but not limited to interest and dividends, not
realized by the Insured because of a loss covered under this bond, except
as included under Insuring Agreement (I).
(i) all damages of any type for which the Insured is legally liable, except
direct compensatory damages arising from a loss covered under this bond.
(j) loss through the surrender of Property away from an office of the Insured
as a result of a threat
(1) to do bodily harm to any person, except loss of Property in transit in
the custody of any person acting as messenger provided that when such
transit was initiated there was no knowledge by the Insured of any
such threat, or
(2) to do damage to the premises or Property of the Insured, except when
covered under Insuring Agreement (A).
(k) all costs, fees and other expenses incurred by the Insured in establishing
the existence of or amount of loss covered under this bond unless such
indemnity is provided for under Insuring Agreement (I).
(l) loss resulting from payments made or withdrawals from the account of a
customer of the Insured, shareholder or subscriber to shares involving
funds erroneously credited to such account, unless such payments are made
to or withdrawn by such depositor or representative of such person, who is
within the premises of the drawee bank of the Insured or within the office
of the Insured at the time of such payment or withdrawal or unless such
payment is covered under Insuring Agreement (A).
(m) any loss resulting from Uncollectible Items of Deposit which are drawn from
a financial institution outside the fifty states of the United States of
America, District of Columbia, and territories and possessions of the
United States of America, and Canada.
SECTION 3. ASSIGNMENT OF RIGHTS
This bond does not afford coverage in favor of any Employers of temporary
personnel or of processors as set forth in sub-sections (6) and (7) of Section
1(a) of this bond, as aforesaid, and upon payment to the insured by the
Underwriter on account of any loss through dishonest or fraudulent act(s)
including Larceny or Embezzlement committed by any of the partners, officers or
employees of such Employers, whether acting alone or in collusion with others,
an assignment of such of the Insured's rights and causes of action as it may
have against such Employers by reason of such acts so committed shall, to the
extent of such payment, be given by the Insured to the Underwriter, and the
Insured shall execute all papers necessary to secure to the Underwriter the
rights herein provided for.
SECTION 4. LOSS-NOTICE-PROOF-LEGAL PROCEEDINGS
This bond is for the use and benefit only of the Insured named in the
Declarations and the Underwriter shall not be liable hereunder for loss
sustained by anyone other than the Insured unless the Insured, in its sole
discretion and at its option, shall include such loss in the Insured's proof of
loss. At the earliest practicable moment after discovery of any loss hereunder
the Insured shall give the Underwriter written notice thereof and shall also
within six months after such discovery furnish to the Underwriter affirmative
proof of loss with full particulars. If claim is made under this bond for loss
of securities or shares, the Underwriter shall not be liable unless each of such
securities or shares is identified in such proof of loss by a certificate or
bond number or, where such securities or shares are uncertificated, by such
identification means as agreed to by the Underwriter. The Underwriter shall have
thirty days after notice and proof of loss within which to investigate the
claim, and this shall apply notwithstanding the loss is made up wholly or in
part of securities of which duplicates may be obtained. Legal proceedings for
recovery of any loss hereunder shall not be brought prior to the expiration of
sixty days after such proof of loss is filed with the Underwriter nor after the
expiration of twenty-four months from the discovery of such loss, except that
any action or proceeding to recover hereunder
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on account of any judgment against the Insured in any suit mentioned in General
Agreement C or to recover attorneys' fees paid in any such suit, shall be begun
within twenty-four months from the date upon which the judgment in such suit
shall become final. If any limitation embodied in this bond is prohibited by any
law controlling the construction hereof, such limitation shall be deemed to be
amended so as to be equal to the minimum period of limitation permitted by such
law.
Discovery occurs when the Insured
(a) becomes aware of facts, or
(b) receives written notice of an actual or potential claim by a third
party which alleges that the Insured is liable under circumstance
which would cause a reasonable person to assume that a loss covered by the
bond has been or will be incurred even though the exact amount or details
of loss may not be then known.
SECTION 5. VALUATION OF PROPERTY
The value of any Property, except books of accounts or other records used
by the Insured in the conduct of its business, for the loss of which a claim
shall be made hereunder, shall be determined by the average market value of such
Property on the business day next preceding the discovery of such loss;
provided, however, that the value of any Property replaced by the Insured prior
to the payment of claim therefor shall be the actual market value at the time of
replacement; and further provided that in case of a loss or misplacement of
interim certificates, warrants, rights, or other securities, the production
which is necessary to the exercise of subscription, conversion, redemption or
deposit privileges, the value thereof shall be the market value of such
privileges immediately preceding the expiration thereof if said loss or
misplacement is not discovered until after their expiration. If no market price
is quoted for such Property or for such privileges, the value shall be fixed by
agreement between the parties or by arbitration.
In case of any loss or damage to Property consisting of books of accounts
or other records used by the Insured in the conduct of its business, the
Underwriter shall be liable under this bond only if such books or records are
actually reproduced and then for not more than the cost of blank books, blank
pages or other materials plus the cost of labor for the actual transcription or
copying of data which shall have been furnished by the Insured in order to
reproduce such books and other records.
SECTION 6. VALUATION OF PREMISES AND FURNISHINGS
In case of damage to any office of the Insured, or loss of or damage to the
furnishings, fixtures, stationary, supplies, equipment, safes or vaults therein,
the Underwriter shall not be liable for more than the actual cash value thereof,
or for more than the actual cost of their replacement or repair. The Underwriter
may, at its election, pay such actual cash value or make such replacement or
repair. If the Underwriter and the Insured cannot agree upon such cash value or
such cost or replacement or repair, such shall be determined by arbitration.
SECTION 7. LOST SECURITIES
If the Insured shall sustain a loss of securities the total value of which
is in excess of the limit stated in Item 3 of the Declarations of this bond, the
liability of the Underwriter shall be limited to payment for, or duplication of,
securities having value equal to the limit stated in Item 3 of the Declarations
of this bond.
If the Underwriter shall make payment to the Insured for any loss of
securities, the Insured shall thereupon assign to the Underwriter all of the
Insured's rights, title and interests in and to said securities.
With respect to securities the value of which do not exceed the Deductible
Amount (at the time of the discovery of the loss) and for which the Underwriter
may at its sole discretion and option and at the request of the Insured issue a
Lost Instrument Bond or Bonds to effect replacement thereof, the Insured will
pay the usual premium charged therefor and will indemnify the Underwriter
against all loss or expense that the Underwriter may sustain because of the
issuance of such Lost Instrument Bond or Bonds.
With respect to securities the value of which exceeds the Deductible Amount
(at the time of discovery of the loss) and for which the Underwriter may issue
or arrange for the issuance of a Lost Instrument Bond or Bonds to effect
replacement thereof, the Insured agrees that it will pay as premium therefor a
proportion of the usual premium charged therefor, said proportion being equal to
the percentage that the Deductible Amount bears to the value of the securities
upon discovery of the loss, and that it will indemnify the issuer of said Lost
Instrument Bond or Bonds against all loss and expense that is not recoverable
from the Underwriter under the terms and conditions of this INVESTMENT COMPANY
BOND subject to the Limit of Liability hereunder.
SECTION 8. SALVAGE
In case of recovery, whether made by the Insured or by the Underwriter, on
account of any loss in excess of the Limit of Liability hereunder plus the
Deductible Amount applicable to such loss from any source other than suretyship,
insurance, reinsurance, security or indemnity taken by or for the benefit of the
Underwriter, the net amount of such recovery, less the actual costs and expenses
of making same, shall be applied to reimburse the Insured in full for the excess
portion of such loss, and the remainder, if any, shall be paid first in
reimbursement of the Underwriter and thereafter in reimbursement of the Insured
for that part of such loss within the Deductible Amount. The Insured shall
execute all necessary papers to secure to the Underwriter the rights provided
for herein.
Page 7 of 10
SECTION 9. NON-REDUCTION AND NON- ACCUMULATION OF LIABILITY AND TOTAL LIABILITY
At all times prior to termination hereof this bond shall continue in force
for the limit stated in the applicable sections of Item 3 of the Declarations of
this bond notwithstanding any previous loss for which the Underwriter may have
paid or be liable to pay hereunder; PROVIDED, however, that regardless of the
number of years this bond shall continue in force and the number of premiums
which shall be payable or paid, the liability of the Underwriter under this bond
with respect to all loss resulting form
(a) any one act of burglary, robbery or hold-up, or attempt thereat, in
which no Partner or Employee is concerned or implicated shall be
deemed to be one loss, or
(b) any one unintentional or negligent act on the part of any one person
resulting in damage to or destruction or misplacement of Property,
shall be deemed to be one loss, or
(c) all wrongful acts, other than those specified in (a) above, of any one
person shall be deemed to be one loss, or
(d) all wrongful acts, other than those specified in (a) above, of one or
more persons (which dishonest act(s) or act(s) of Larceny or
Embezzlement include, but are not limited to, the failure of an
Employee to report such acts of others) whose dishonest act or acts
intentionally or unintentionally, knowingly or unknowingly, directly
or indirectly, aid or aids in any way, or permits the continuation of,
the dishonest act or acts of any other person or persons shall be
deemed to be one loss with the act or acts of the persons aided, or
(e) any one casualty or event other than those specified in (a), (b), (c)
or (d) preceding, shall be deemed to be one loss, and
shall be limited to the applicable Limit of Liability stated in Item 3 of
the Declarations of this bond irrespective of the total amount of such loss
or losses and shall not be cumulative in amounts from year to year or from
period to period.
Sub-section (c) is not applicable to any situation to which the language of
sub-section (d) applies.
SECTION 10. LIMIT OF LIABILITY
With respect to any loss set forth in the PROVIDED clause of Section 9 of
this bond which is recoverable or recovered in whole or in part under any other
bonds or policies issued by the Underwriter to the Insured or to any predecessor
in interest of the Insured and terminated or cancelled or allowed to expire and
in which the period for discovery has not expired at the time any such loss
thereunder is discovered, the total liability of the Underwriter under this bond
and under other bonds or policies shall not exceed, in the aggregate, the amount
carried hereunder on such loss or the amount available to the Insured under such
other bonds, or policies, as limited by the terms and conditions thereof, for
any such loss if the latter amount be the larger.
SECTION 11. OTHER INSURANCE
If the Insured shall hold, as indemnity against any loss covered hereunder,
any valid and enforceable insurance or suretyship, the Underwriter shall be
liable hereunder only for such amount of such loss which is in excess of the
amount of such other insurance or suretyship, not exceeding, however, the Limit
of Liability of this bond applicable to such loss.
SECTION 12. DEDUCTIBLE
The Underwriter shall not be liable under any of the Insuring Agreements of
this bond on account of loss as specified, respectively, in sub-sections (a),
(b), (c), (d) and (e) of Section 9, NON-REDUCTION AND NONACCUMULATION OF
LIABILITY AND TOTAL LIABILITY, unless the amount of such loss, after deducting
the net amount of all reimbursement and/or recovery obtained or made by the
insured, other than from any bond or policy of insurance issued by an insurance
company and covering such loss, or by the Underwriter on account thereof prior
to payment by the Underwriter of such loss, shall exceed the Deductible Amount
set forth in Item 3 of the Declarations hereof (herein called Deductible Amount)
and then for such excess only, but in no event for more than the applicable
Limit of Liability stated in Item 3 of the Declarations.
The Insured will bear, in addition to the Deductible Amount, premiums on
Lost Instrument Bonds as set forth in Section 7.
There shall be no deductible applicable to any loss under Insuring
Agreement A sustained by any Investment Company named as Insured herein.
SECTION 13. TERMINATION
The Underwriter may terminate this bond as an entirety by furnishing
written notice specifying the termination date which cannot be prior to 90 days
after the receipt of such written notice by each Investment Company named as
Insured and the Securities and Exchange Commission, Washington, D.C. The Insured
may terminate this bond as an entirety by furnishing written notice to the
Underwriter. When the Insured cancels, the Insured shall furnish written notice
to the Securities and Exchange Commission, Washington, D.C. prior to 90 days
before the effective date of the termination. The Underwriter shall notify all
other Investment Companies named as Insured of the receipt of such termination
notice and the termination cannot be effective prior to 90 days after receipt of
written notice by all other Investment Companies. Premiums are earned until the
termination date as set forth herein.
Page 8 of 10
This Bond will terminate as to any one Insured, (other than a registered
management investment company), immediately upon taking over of such Insured by
a receiver or other liquidator or by State or Federal officials, or immediately
upon the filing of a petition under any State or Federal statute relative to
bankruptcy or reorganization of the Insured, or assignment for the benefit of
creditors of the Insured, or immediately upon such Insured ceasing to exist,
whether through merger into another entity, or by disposition of all of its
assets.
This Bond will terminate as to any registered management investment company
upon the expiration of 90 days after written notice has been given to the
Securities and Exchange Commission, Washington, D.C.
The Underwriter shall refund the unearned premium computed as short rates
in accordance with the standard short rate cancellation tables if terminated by
the Insured or pro rata if terminated for any other reason.
This Bond shall terminate
(a) as to any Employee as soon as any partner, officer or supervisory
Employee of the Insured, who is not in collusion with such Employee,
shall learn of any dishonest or fraudulent act(s), including Larceny
or Embezzlement on the part of such Employee without prejudice to the
loss of any Property then in transit in the custody of such Employee
and upon the expiration of ninety (90) days after written notice has
been given to the Securities and Exchange Commission, Washington, D.C.
(See Section 16[d]) and to the Insured Investment Company, or
(b) as to any Employee 90 days after receipt by each Insured and by the
Securities and Exchange Commission of a written notice from the
Underwriter of its desire to terminate this bond as to such Employee,
or
(c) as to any person, who is a partner, officer or employee of any
Electronic Data Processor covered under this bond, from and after the
time that the Insured or any partner or officer thereof not in
collusion with such person shall have knowledge of information that
such person has committed any dishonest or fraudulent act(s),
including Larceny or Embezzlement in the service of the Insured or
otherwise, whether such act be committed before or after the time this
bond is effective.
SECTION 14. RIGHTS AFTER TERMINATION OR CANCELLATION
At any time prior to the termination or cancellation of this bond as an
entirety, whether by the Insured or the Underwriter, the Insured may give to the
Underwriter notice that if desires under this bond an additional period of 12
months within which to discover loss sustained by the Insured prior to the
effective date of such termination or cancellation and shall pay an additional
premium therefor.
Upon receipt of such notice from the Insured, the Underwriter shall give
its written consent thereto: provided, however, that such additional period of
time shall terminate immediately;
(a) on the effective date of any other insurance obtained by the Insured,
its successor in business or any other party, replacing in whole or in
part the insurance afforded by this bond, whether or not such other
insurance provides coverage for loss sustained prior to its effective
date, or
(b) upon takeover of the Insured's business by any State or Federal
official or agency, or by any receiver or liquidator, acting or
appointed for this purpose without the necessity of the Underwriter
giving notice of such termination. In the event that such additional
period of time is terminated, as provided above, the Underwriter shall
refund any unearned premium.
The right to purchase such additional period for the discovery of loss may
not be exercised by any State or Federal official or agency, or by any receiver
or liquidator, acting or appointed to take over the Insured's business for the
operation or for the liquidation thereof or for any other purpose.
SECTION 15. CENTRAL HANDLING OF SECURITIES
Securities included in the systems for the central handling of securities
established and maintained by Depository Trust Company, Midwest Depository Trust
Company, Pacific Securities Depository Trust Company, and Philadelphia
Depository Trust Company, hereinafter called Corporations, to the extent of the
Insured's interest therein as effective by the making of appropriate entries on
the books and records of such Corporations shall be deemed to be Property.
The words "Employee" and "Employees" shall be deemed to include the
officers, partners, clerks and other employees of the New York Stock Exchange,
Boston Stock Exchange, Midwest Stock Exchange, Pacific Stock Exchange and
Philadelphia Stock Exchange, hereinafter called Exchanges, and of the above
named Corporations, and of any nominee in whose name is registered any security
included within the systems for the central handling of securities established
and maintained by such Corporations, and any employee of any recognized service
company, while such officers, partners, clerks and other employees and employees
of service companies perform services for such Corporations in the operation of
such systems. For the purpose of the above definition a recognized service
company shall be any company providing clerks or other personnel to said
Exchanges or Corporation on a contract basis.
The Underwriter shall not be liable on account of any loss(es) in
connection with the central handling of securities within the systems
established and maintained by such Corporations, unless such loss(es) shall be
in excess of the amount(s) recoverable or recovered under any bond or policy if
insurance indemnifying such Corporations, against such loss(es), and then the
Underwriter shall be liable hereunder only
Page 9 of 10
for the Insured's share of such excess loss(es), but in no event for more than
the Limit of Liability applicable hereunder.
For the purpose of determining the Insured's share of excess loss(es) it
shall be deemed that the Insured has an interest in any certificate representing
any security included within such systems equivalent to the interest the Insured
then has in all certificates representing the same security included within such
systems and that such Corporation shall use their best judgment in apportioning
the amount(s) recoverable or recovered under any bond or policy of insurance
indemnifying such Corporations against such loss(es) in connection with the
central handling of securities within such systems among all those having an
interest as recorded by appropriate entries in the books and records of such
Corporations in Property involved in such loss(es) on the basis that each such
interest shall share in the amount(s) so recoverable or recovered in the ratio
that the value of each such interest bears to the total value of all such
interests and that the Insured's share of such excess loss(es) shall be the
amount of the Insured's interest in such Property in excess of the amount(s) so
apportioned to the Insured by such Corporations.
This bond does not afford coverage in favor of such Corporations or
Exchanges or any nominee in whose name is registered any security included
within the systems for the central handling of securities established and
maintained by such Corporations, and upon payment to the Insured by the
Underwriter on account of any loss(Es) within the systems, an assignment of such
of the Insured's rights and causes of action as it may have against such
Corporations or Exchanges shall to the extent of such payment, be given by the
Insured to the Underwriter, and the Insured shall execute all papers necessary
to secure to the Underwriter the rights provided for herein.
SECTION 16. ADDITIONAL COMPANIES INCLUDED AS INSURED
If more than one corporation, co-partnership or person or any combination
of them be included as the Insured herein:
(a) the total liability of the Underwriter hereunder for loss or losses
sustained by any one or more or all of them shall not exceed the limit
for which the Underwriter would be liable hereunder if all such loss
were sustained by any one of them.
(b) the one first named herein shall be deemed authorized to make, adjust
and receive and enforce payment of all claims hereunder and shall be
deemed to be the agent of the others for such purposes and for the
giving or receiving of any notice required or permitted to be given by
the terms hereof, provided that the Underwriter shall furnish each
named Investment Company with a copy of the bond and with any
amendment thereto, together with a copy of each formal filing of the
settlement of each such claim prior to the execution of such
settlement,
(c) the Underwriter shall not be responsible for the proper application of
any payment made hereunder to said first named Insured,
(d) knowledge possessed or discovery made by any partner, officer or
supervisory Employee of any Insured shall for the purpose of Section 4
and Section 13 of this bond constitute knowledge or discovery by all
the Insured, and
(e) if the first named Insured ceases for any reason to be covered under
this bond, then the Insured next named shall thereafter be considered
as the first named Insured for the purposes of this bond.
SECTION 17. NOTICE AND CHANGE OF CONTROL
Upon the Insured's obtaining knowledge of a transfer of its outstanding
voting securities which results in a change in control (as set forth in Section
2(a) (9) of the Investment Company Act of 1940) of the Insured, the Insured
shall within thirty (30) days of such knowledge give written notice to the
Underwriter setting forth:
(a) the names of the transferors and transferees (or the names of the
beneficial owners if the voting securities are requested in another
name), and
(b) the total number of voting securities owned by the transferors and the
transferees (or the beneficial owners), both immediately before and
after the transfer, and
(c) the total number of outstanding voting securities.
As used in this section, control means the power to exercise a controlling
influence over the management or policies of the Insured.
Failure to give the required notice shall result in termination of coverage
of this bond, effective upon the date of stock transfer for any loss in which
any transferee is concerned or implicated.
Such notice is not required to be given in the case of an Insured which is
an Investment Company.
SECTION 18. CHANGE OR MODIFICATION
This bond or any instrument amending or effecting same may not be changed
or modified orally. No changes in or modification thereof shall be effective
unless made by written endorsement issued to form a part hereof over the
signature of the Underwriter's Authorized Representative. When a bond covers
only one Investment Company no change or modification which would adversely
affect the rights of the Investment Company shall be effective prior to 60 days
after written notification has been furnished to the Securities and Exchange
Commission, Washington, D.C. by the Insured or by the Underwriter. If more than
one Investment Company is named as the Insured herein, the Underwriter shall
give written notice to each Investment Company and to the Securities and
Exchange Commission, Washington, D.C. not less than 60 days prior to the
effective date of any change or modification which would adversely affect the
rights of such Investment Company.
IN WITNESS WHEREOF, the Underwriter has caused this bond to be executed on the
Declarations Page.
Page 10 of 10
INSURED COPY
234-62-62-03
REVISED
RIDER NO. 1
JOINT INSURED LIST
To be attached to and form part of Bond No. 234-62-62 - 03
In favor of RiverSource Funds
It is agreed that:
1. In consideration of the premium charged for this Bond, it is hereby
understood and agreed that Item 1 of the Declarations, Name of Insured,
shall include the following:
COLUMBIA FRONTIER FUND, INC.
COLUMBIA GOVERNMENT MONEY MARKET FUND, INC.
COLUMBIA SELIGMAN COMMUNICATIONS AND INFORMATION FUND, INC.
COLUMBIA SELIGMAN PREMIUM TECHNOLOGY GROWTH FUND, INC.
RIVERSOURCE BOND SERIES, INC.
RIVERSOURCE CALIFORNIA TAX-EXEMPT TRUST
RIVERSOURCE DIMENSIONS SERIES, INC.
RIVERSOURCE DIVERSIFIED INCOME SERIES, INC.
RIVERSOURCE EQUITY SERIES, INC.
RIVERSOURCE GLOBAL SERIES, INC.
RIVERSOURCE GOVERNMENT INCOME SERIES, INC.
RIVERSOURCE HIGH YIELD INCOME SERIES, INC.
RIVERSOURCE INCOME SERIES, INC.
RIVERSOURCE INTERNATIONAL MANAGERS SERIES, INC.
RIVERSOURCE INTERNATIONAL SERIES, INC.
RIVERSOURCE INVESTMENT SERIES, INC.
RIVERSOURCE LARGE CAP SERIES, INC.
RIVERSOURCE LASALLE INTERNATIONAL REAL ESTATE FUND, INC.
RIVERSOURCE MANAGERS SERIES, INC.
RIVERSOURCE MARKET ADVANTAGE SERIES, INC.
RIVERSOURCE MONEY MARKET SERIES, INC.
RIVERSOURCE SECTOR SERIES, INC.
RIVERSOURCE SELECTED SERIES, INC.
RIVERSOURCE SERIES TRUST
RIVERSOURCE SHORT TERM INVESTMENTS SERIES, INC.
RIVERSOURCE SPECIAL TAX-EXEMPT SERIES TRUST
Page 1 of 2
RIVERSOURCE STRATEGIC ALLOCATION SERIES, INC.
RIVERSOURCE STRATEGY SERIES, INC.
RIVERSOURCE TAX-EXEMPT INCOME SERIES, INC.
RIVERSOURCE TAX-EXEMPT SERIES, INC.
RIVERSOURCE VARIABLE SERIES TRUST
SELIGMAN CAPITAL FUND, INC.
SELIGMAN GLOBAL FUND SERIES, INC.
SELIGMAN GROWTH FUND, INC.
SELIGMAN LASALLE REAL ESTATE FUND SERIES, INC.
SELIGMAN MUNICIPAL FUND SERIES, INC.
SELIGMAN MUNICIPAL SERIES TRUST
SELIGMAN PORTFOLIOS, INC.
SELIGMAN TARGETHORIZON ETF PORTFOLIOS, INC.
SELIGMAN VALUE FUND SERIES, INC.
TRI-CONTINENTAL CORPORATION
2. This rider shall become effective as of 12:01 a.m. on 12/13/2010 standard
time.
By: /s/ Frederick J. Scheckton, Jr.
------------------------------------
(Authorized Representative)
Page 2 of 2
INSURED COPY
234-62-62 - 03
RIDER NO. 2
To be attached to and form part of Investment Company Bond No. 234-62-62 - 03
issued by Great American Insurance Company (herein called Controlling Company),
in favor of RiverSource Funds
It is agreed that:
1. The term "Underwriter" as used in the attached bond shall be
construed to mean, unless otherwise specified in this rider, all
the Companies executing the attached bond.
2. Each of said Companies shall be liable only for such proportion
of any loss under the attached bond as the amount underwritten by
such Company, as specified in the Schedule forming a part hereof,
bears to the aggregate amount of the attached bond, but in no
event shall any of said Companies be liable for an amount greater
than that underwritten by it.
3. In the absence of a request from any of said Companies to pay
premiums directly to it, premiums for the attached bond may be
paid to the Controlling Company for the account of all of said
Companies.
4. In the absence of a request fro any of said Companies that notice
of claim and proof of loss be given to or filed directly with it,
the giving of such notice to and the filing of such proof with,
the Controlling Company shall be deemed to be in compliance with
the conditions of the attached bond for the giving of notice of
loss and the filing of proof of loss, if given and filed in
accordance with said conditions.
5. The Controlling Company may give notice in accordance with the
terms of the attached bond, terminating or canceling the attached
bond as an entirety or as to any Employee, and any notice so
given shall terminate or cancel the liability of all of said
Companies as an entirety or as to such Employee, as the case may
be.
6. Any Company other than the Controlling Company may give notice in
accordance with the terms of the attached bond, terminating or
canceling the entire liability of such other Company under the
attached bond or as to any Employee.
7. In the absence of a request form any of said Companies that
notice of termination or cancellation by the Insured of the
attached bond in its entirety be given to or filed directly with
it, the giving of such notice in accordance with the terms of the
attached bond to the Controlling Company shall terminate or
cancel the liability of all of said Companies as an entirety. The
Insured may terminate or cancel the entire liability of any
Company, other than the Controlling Company, under the attached
bond by giving notice of such termination or cancellation to such
other Company, and shall send copy of such notice to the
Controlling Company.
8. In the event of the termination or cancellation of the attached
bond as an entirety, no Company shall be liable to the Insured
for a greater proportion of any return premium due the Insured
than the amount underwritten by such Company bears to the
aggregate amount of the attached bond.
Page 1 of 2
9. In the event of the termination or cancellation of the attached
bond as to any Company, such Company alone shall be liable to the
Insured for any return premium due the Insured on account of such
termination or cancellation. The termination or cancellation of
the attached bond as to any Company other than the Controlling
Company shall not terminate, cancel or otherwise affect the
liability of the other Companies under the attached bond.
10. This rider shall become effective as of 12:01 a.m. on 08/01/2010
standard time.
Underwritten for the sum of $30,000,000 Controlling Company
except as follows: Great American Insurance Company
By: /s/ Frederick J. Scheckton, Jr.
----------------------------------
Attest: /s/ Christine E. Martins
------------------------------
Underwritten for the sum of $20,000,000
except as follows: Federal Insurance Company
By: /s/ Lisa Friscia
----------------------------------
Attest: /s/ M. Watson Campbell
------------------------------
Accepted:
-----------------------------
RiverSource Funds
Insured
By: /s/ Paul J. Major
-----------------------------------
By: /s/ Frederick J. Scheckton, Jr.
----------------------------------
(Authorized Representative)
Page 2 of 2
INSURED COPY
234-62-62-03
RIDER NO. 3
JOINT INSURED LIST
To be attached to and form part of Bond No. 234-62-62-03
In favor of RiverSource Funds
It is agreed that:
1. At the request of the Insured, the Underwriter DEDUCTS FROM the list of
Insured under the attached bond the following:
RiverSource Government Money Market Fund, Inc.
Seligman Communications and Information Fund, Inc.
Seligman Frontier Fund, Inc.
Seligman Premium Technology Growth Fund, Inc.
2. This rider shall become effective as of 12:01 a.m. on 09/27/2010 standard
time.
By: /s/ Frederick J. Scheckton, Jr.
------------------------------------
(Authorized Representative)
INSURED COPY
234-62-62-03
RIDER NO. 4
JOINT INSURED LIST
To be attached to and form part of Bond No. 234-62-62-03
In favor of RiverSource Funds
It is agreed that:
1. At the request of the Insured, the Underwriter ADDS TO the list of Insured
under the attached bond the following:
Columbia Government Money Market Fund, Inc.
Columbia Seligman Communications and Information Fund, Inc.
Columbia Frontier Fund, Inc.
Columbia Seligman Premium Technology Growth Fund, Inc.
2. This rider shall become effective as of 12:01 a.m. on 09/27/2010 standard
time.
By: /s/ Frederick J. Scheckton, Jr.
------------------------------------
(Authorized Representative)
INSURED COPY
234-62-62 - 03
RIDER NO. 5
To be attached to and form part of Bond No. FS 234-62-62 - 03
in favor of RiverSource Funds
In consideration of the premium charged for the attached bond, it is agreed
that:
1. The attached bond is hereby amended by cancelling and terminating a certain
rider (hereinafter called Cancelled Rider) dated 09/27/2010, attached to
the said bond and more fully described as follows:
RIDER NO. 3
JOINT INSURED LIST
so that from and after the effective date hereof, the attached bond shall
continue in force without the amendment contained in the said Cancelled Rider.
2. The amendment of the attached bond effected hereby shall apply to loss or
losses sustained at any time but discovered on and after the effective date
hereof.
3. Nothing herein contained shall be held to vary, alter, waive or extend any
of the terms, conditions, provisions, agreements or limitation of the bond,
other than as stated herein.
4. This rider shall become effective as of 12:01 a.m. on 12/13/2010 standard
time.
By: /s/ Frederick J. Scheckton, Jr.
------------------------------------
(Authorized Representative)
INSURED COPY
234-62-62 - 03
RIDER NO. 6
To be attached to and form part of Bond No. FS 234-62-62 - 03
in favor of RiverSource Funds
In consideration of the premium charged for the attached bond, it is agreed
that:
1. The attached bond is hereby amended by cancelling and terminating a certain
rider (hereinafter called Cancelled Rider) dated 09/27/2010, attached to
the said bond and more fully described as follows:
RIDER NO. 4
JOINT INSURED LIST
so that from and after the effective date hereof, the attached bond shall
continue in force without the amendment contained in the said Cancelled Rider.
2. The amendment of the attached bond effected hereby shall apply to loss or
losses sustained at any time but discovered on and after the effective date
hereof.
3. Nothing herein contained shall be held to vary, alter, waive or extend any
of the terms, conditions, provisions, agreements or limitation of the bond,
other than as stated herein.
4. This rider shall become effective as of 12:01 a.m. on 12/13/2010 standard
time.
By: /s/ Frederick J. Scheckton, Jr.
------------------------------------
(Authorized Representative)
Excerpt from September 7-8, 2010 Columbia-RiverSource Funds Boards of
Directors/Trustees meeting minutes:
After further discussion, and on motion made and seconded, the Board
adopted the following resolutions:
WHEREAS, At the June Meeting, the Committee authorized Ameriprise,
subject to the Chair's review and consent, to procure the renewal of
the Fidelity Bond, subject to ratification by the Board at this
Meeting; now, therefore, be it
RESOLVED, That the Board hereby determines that the Fidelity Bond
covering any employee of the "insured," as such term is defined by the
Fidelity Bond, in accordance with the requirements of Rule 17g-1 under
the 1940 Act, in the amount of $50.0 million is reasonable in form and
amount, after having given due consideration to the value of the
aggregate assets of the Fund and the other named insureds to which any
covered person may have access, the type and terms of the arrangements
made for the custody and safekeeping of such assets, and the nature of
the securities held by the Fund and the other named insureds; and
further
RESOLVED, That the total amount of coverage under the Fidelity Bond is
at least equal to the amount of coverage which the Fund is required to
provide and maintain individually pursuant to Rule 17g-1(d)(1); and
further
RESOLVED, That the Board hereby ratifies the renewal of the Fidelity
Bond, and authorizes payment by each Fund of its portion of the total
annual premium of $71,018 on the Fidelity Bond, after giving due
consideration to all relevant factors, including, but not limited to,
the number of other insureds, the nature of the business of such other
parties, the amount of coverage under the Fidelity Bond, and the
ratable allocation of the premium among parties named as insureds,
based on the relative assets of such parties; and further
RESOLVED, That in the event that the amount of coverage has to be
increased to satisfy the minimum bonding requirements of Rule 17g-1
under the 1940 Act, any officer of the Fund, be, and hereby is,
authorized to increase the amount of the Fidelity Bond coverage to
comply with such requirements and to allocate any premium payable on
the Fidelity Bond among the Fund and the other named insureds based on
their relative assets; and further
RESOLVED, That the Joint Insured Agreement, to be effective the entire
2010-2011 renewal period, in such form and with such terms as
presented in the Meeting Materials, subject to the final review of
Independent Legal Counsel, be and hereby is approved; and further
RESOLVED, That any officer of the Fund, be, and hereby is, designated
to make all filings with the Securities and Exchange Commission and to
give all notices on behalf of the Fund required by paragraph (g) of
Rule 17g-1 under the 1940 Act.
JOINT INSURED AGREEMENT
THIS AGREEMENT effective as of August 1, 2010, by and among each of the
Corporations and Trusts listed in Schedule A, each on behalf of their underlying
series. The terms "Fund" or "Funds" are used to refer to the corporation or
trust and the underlying series as context requires.
WHEREAS, the Funds are investment companies registered as such under the
Investment Company Act of 1940, as amended (the "1940 Act"); and
WHEREAS, the Funds are required to provide and maintain a fidelity bond pursuant
to Rule 17g-1 under the 1940 Act; and
WHEREAS, paragraph (b) of Rule 17g-1 provides that the fidelity bond may be in
the form of a joint insured bond covering the Funds; and
WHEREAS, the Board of Directors/Trustees of each Fund (the "Directors"),
including a majority of those Directors who are not "interested persons" (as
that term is defined by the 1940 Act) of the Fund, have made the determinations
required by Rule 17g-1, including those provisions specifically applicable to a
joint insured bond;
NOW, THEREFORE, the Funds hereby agree as follows:
1. The Funds will each pay a portion of the premium for the joint insured
fidelity bond which is allocated to each party pro rata according to the
percentage the party's net assets bears to the aggregate net assets of all
the insured parties.
2. In the event recovery is received under the joint insured bond as a result
of a loss sustained by more than one of the insured parties, each party
shall receive an equitable and proportionate share of the recovery, but
such recovery shall be in an amount at least equal to the amount which such
party would have received had it provided and maintained a single insured
bond with the minimum coverage required by paragraph (d)(1) of Rule 17g-1
under the 1940 Act.
3. Exhibit A hereto may be amended from time to time to reflect the changes in
the funds insured under the bond.
4. For each Fund that is organized as a Massachusetts business trust, a copy
of the Declaration of Trust, together with all amendments, is on file in
the office of the Secretary of State of the Commonwealth of Massachusetts.
The execution and delivery of this Agreement has been authorized by the
Trustees and the Agreement has been signed by an authorized officer of the
Fund. It is expressly agreed that the obligations of the Fund under this
Agreement shall not be binding upon any of the Trustees, shareholders,
nominees, officers, agents or employees of the Fund, personally, but bind
only the assets and property of the Fund, as provided in the Declaration of
Trust.
IN WITNESS WHEREOF, the parties hereto have executed the foregoing agreement as
of the day and year first above written.
RIVERSOURCE BOND SERIES, INC.
RIVERSOURCE CALIFORNIA TAX-EXEMPT TRUST
RIVERSOURCE DIMENSIONS SERIES, INC.
RIVERSOURCE DIVERSIFIED INCOME SERIES, INC.
RIVERSOURCE EQUITY SERIES, INC.
RIVERSOURCE GLOBAL SERIES, INC.
RIVERSOURCE GOVERNMENT INCOME SERIES, INC.
RIVERSOURCE GOVERNMENT MONEY MARKET FUND, INC.
RIVERSOURCE HIGH YIELD INCOME SERIES, INC.
RIVERSOURCE INCOME SERIES, INC.
RIVERSOURCE INTERNATIONAL MANAGERS SERIES, INC.
RIVERSOURCE INTERNATIONAL SERIES, INC.
RIVERSOURCE INVESTMENT SERIES, INC.
RIVERSOURCE LARGE CAP SERIES, INC.
RIVERSOURCE LASALLE INTERNATIONAL REAL ESTATE FUND, INC.
RIVERSOURCE MANAGERS SERIES, INC.
RIVERSOURCE MARKET ADVANTAGE SERIES, INC.
RIVERSOURCE MONEY MARKET SERIES, INC.
RIVERSOURCE SECTOR SERIES, INC.
RIVERSOURCE SELECTED SERIES, INC.
RIVERSOURCE SERIES TRUST
RIVERSOURCE SHORT TERM INVESTMENTS SERIES, INC.
RIVERSOURCE SPECIAL TAX-EXEMPT SERIES TRUST
RIVERSOURCE STRATEGIC ALLOCATION SERIES, INC.
RIVERSOURCE STRATEGY SERIES, INC.
RIVERSOURCE TAX-EXEMPT INCOME SERIES, INC.
RIVERSOURCE TAX-EXEMPT SERIES, INC.
RIVERSOURCE VARIABLE SERIES TRUST
SELIGMAN CAPITAL FUND, INC.
SELIGMAN COMMUNICATIONS AND INFORMATION FUND, INC.
SELIGMAN FRONTIER FUND, INC.
SELIGMAN GLOBAL FUND SERIES, INC.
SELIGMAN GROWTH FUND, INC.
SELIGMAN LASALLE REAL ESTATE FUND SERIES, INC.
SELIGMAN MUNICIPAL FUND SERIES, INC.
SELIGMAN MUNICIPAL SERIES TRUST
SELIGMAN PORTFOLIOS, INC.
SELIGMAN PREMIUM TECHNOLOGY GROWTH FUND, INC.
SELIGMAN TARGETHORIZON ETF PORTFOLIOS, INC.
SELIGMAN VALUE FUND SERIES, INC.
TRI-CONTINENTAL CORPORATION
By: /s/ J. Kevin Connaughton
---------------------------------
J. Kevin Connaughton
President
SCHEDULE A
Each of the following is either a Maryland corporation or a Minnesota
corporation except for RiverSource California Tax-Exempt Trust, RiverSource
Series Trust, RiverSource Special Tax-Exempt Series Trust, RiverSource Variable
Series Trust and Seligman Municipal Series Trust, which are Massachusetts
business trusts:
RIVERSOURCE BOND SERIES, INC.
RIVERSOURCE CALIFORNIA TAX-EXEMPT TRUST
RIVERSOURCE DIMENSIONS SERIES, INC.
RIVERSOURCE DIVERSIFIED INCOME SERIES, INC.
RIVERSOURCE EQUITY SERIES, INC.
RIVERSOURCE GLOBAL SERIES, INC.
RIVERSOURCE GOVERNMENT INCOME SERIES, INC.
RIVERSOURCE GOVERNMENT MONEY MARKET FUND, INC.
(known as COLUMBIA GOVERNMENT MONEY MARKET FUND, INC. on 9/27/10)
RIVERSOURCE HIGH YIELD INCOME SERIES, INC.
RIVERSOURCE INCOME SERIES, INC.
RIVERSOURCE INTERNATIONAL MANAGERS SERIES, INC.
RIVERSOURCE INTERNATIONAL SERIES, INC.
RIVERSOURCE INVESTMENT SERIES, INC.
RIVERSOURCE LARGE CAP SERIES, INC.
RIVERSOURCE LASALLE INTERNATIONAL REAL ESTATE FUND, INC.
RIVERSOURCE MANAGERS SERIES, INC.
RIVERSOURCE MARKET ADVANTAGE SERIES, INC.
RIVERSOURCE MONEY MARKET SERIES, INC.
RIVERSOURCE SECTOR SERIES, INC.
RIVERSOURCE SELECTED SERIES, INC.
RIVERSOURCE SERIES TRUST (known as COLUMBIA FUNDS SERIES TRUST II on 3/7/11)
RIVESROURCE SHORT TERM INVESTMENTS SERIES, INC.
RIVERSOURCE SPECIAL TAX-EXEMPT SERIES TRUST
RIVERSOURCE STRATEGIC ALLOCATION SERIES, INC.
RIVERSOURCE STRATEGY SERIES, INC.
RIVERSOURCE TAX-EXEMPT INCOME SERIES, INC.
RIVERSOURCE TAX-EXEMPT SERIES, INC.
RIVERSOURCE VARIABLE SERIES TRUST
(known as COLUMBIA FUNDS VARIABLE SERIES TRUST II on 4/25/11)
SELIGMAN CAPITAL FUND, INC.
SELIGMAN COMMUNICATIONS AND INFORMATION FUND, INC. (known as
COLUMBIA SELIGMAN COMMUNICATIONS AND INFORMATION FUND, INC. on 9/27/10)
SELIGMAN FRONTIER FUND, INC. (known as COLUMBIA FRONTIER FUND, INC. on 9/27/10)
SELIGMAN GLOBAL FUND SERIES, INC.
SELIGMAN GROWTH FUND, INC.
SELIGMAN LASALLE REAL ESTATE FUND SERIES, INC.
SELIGMAN MUNICIPAL FUND SERIES, INC.
SELIGMAN MUNICIPAL SERIES TRUST
SELIGMAN PORTFOLIOS, INC.
SELIGMAN PREMIUM TECHNOLOGY GROWTH FUND, INC. (known as
COLUMBIA SELIGMAN PREMIUM TECHNOLOGY GROWTH FUND, INC. on 9/27/10)
SELIGMAN TARGETHORIZON ETF PORTFOLIOS, INC.
SELIGMAN VALUE FUND SERIES, INC.
TRI-CONTINENTAL CORPORATION
RIVERSOURCE GROSS ASSETS AS OF 6/30/2010
Minimum Amount
Gross Assets of Bond Under
Fund/Entity 06/30/2010 Rule 17g-1
--------------------------------------------------------------------------- --------------- ---------------
RIVERSOURCE BOND SERIES, INC.
RiverSource Floating Rate Fund 382,802,860
RiverSource Income Opportunities Fund 747,399,356
RiverSource Inflation Protected Securities Fund 671,425,603
RiverSource Limited Duration Bond Fund 567,050,154
---------------
2,368,677,973 1,500,000
RIVERSOURCE CALIFORNIA TAX-EXEMPT TRUST
RiverSource California Tax-Exempt Fund 151,332,587 600,000
RIVERSOURCE DIMENSIONS SERIES, INC.
RiverSource Disciplined Small and Mid Cap Equity Fund 134,379,923
RiverSource Disciplined Small Cap Value Fund 47,883,640
---------------
182,263,563 600,000
RIVERSOURCE DIVERSIFIED INCOME SERIES, INC.
RiverSource Diversified Bond Fund 5,907,821,208 2,500,000
RIVERSOURCE EQUITY SERIES, INC.
RiverSource Mid Cap Growth Fund 979,661,935 1,000,000
RIVERSOURCE GLOBAL SERIES, INC.
RiverSource Absolute Return Currency and Income Fund 202,838,613
RiverSource Emerging Markets Bond Fund 233,704,471
RiverSource Global Bond Fund 458,279,539
Threadneedle Emerging Markets Fund 575,896,733
Threadneedle Global Equity Fund 404,028,226
Threadneedle Global Equity Income Fund 28,159,965
Threadneedle Global Extended Alpha Fund 8,533,967
---------------
1,911,441,514 1,500,000
RIVERSOURCE GOVERNMENT INCOME SERIES, INC.
RiverSource Short Duration U.S. Government Fund 731,254,460
RiverSource U.S. Government Mortgage Fund 325,971,528
---------------
1,057,225,989 1,250,000
RIVERSOURCE HIGH YIELD INCOME SERIES, INC.
RiverSource High Yield Bond Fund 1,664,518,388 1,500,000
RIVERSOURCE INCOME SERIES, INC.
RiverSource Income Builder Basic Income Fund 221,832,577
RiverSource Income Builder Enhanced Income Fund 364,457,371
RiverSource Income Builder Moderate Income Fund 181,673,300
---------------
767,963,248 1,000,000
RIVERSOURCE INTERNATIONAL MANAGERS SERIES, INC.
RiverSource Partners International Select Growth Fund 345,017,961
RiverSource Partners International Select Value Fund 616,721,405
RiverSource Partners International Small Cap Fund 124,438,365
---------------
1,086,177,731 1,250,000
RIVERSOURCE INTERNATIONAL SERIES, INC.
RiverSource Disciplined International Equity Fund 421,932,045
Threadneedle Asia Pacific Fund 281,867,143
Threadneedle European Equity Fund 62,183,156
Threadneedle International Opportunity Fund 346,096,969
---------------
1,112,079,313 1,250,000
RIVERSOURCE INVESTMENT SERIES, INC.
RiverSource Balanced Fund 618,722,818
RiverSource Disciplined Large Cap Growth Fund 642,373,401
RiverSource Disciplined Large Cap Value Fund 239,353,783
Minimum Amount
Gross Assets of Bond Under
Fund/Entity 06/30/2010 Rule 17g-1
--------------------------------------------------------------------------- --------------- ---------------
RiverSource Diversified Equity Income Fund 4,078,398,770
RiverSource Mid Cap Value Fund 2,144,182,096
---------------
7,723,030,868 2,500,000
RIVERSOURCE LARGE CAP SERIES, INC.
RiverSource Disciplined Equity Fund 3,602,834,982 2,100,000
RIVERSOURCE MANAGERS SERIES, INC.
RiverSource Partners Fundamental Value Fund 510,875,378
RiverSource Partners Small Cap Value Fund 369,420,551
---------------
880,295,929 1,000,000
RIVERSOURCE MARKET ADVANTAGE SERIES, INC.
RiverSource Portfolio Builder Aggressive Fund 487,432,116
RiverSource Portfolio Builder Conservative Fund 254,835,105
RiverSource Portfolio Builder Moderate Aggressive Fund 1,021,825,186
RiverSource Portfolio Builder Moderate Conservative Fund 431,139,486
RiverSource Portfolio Builder Moderate Fund 1,188,248,567
RiverSource Portfolio Builder Total Equity Fund 400,687,334
RiverSource S&P 500 Index Fund 115,311,895
RiverSource Small Company Index Fund 355,271,998
---------------
4,254,751,687 2,300,000
RIVERSOURCE MONEY MARKET SERIES, INC.
RiverSource Cash Management Fund 2,711,424,715 1,700,000
RIVERSOURCE SECTOR SERIES, INC.
RiverSource Dividend Opportunity Fund 1,149,497,169
RiverSource Real Estate Fund 191,906,253
----------------
1,341,403,422 1,250,000
RIVERSOURCE SELECTED SERIES, INC.
RiverSource Precious Metals and Mining Fund 156,603,558 600,000
RIVERSOURCE SERIES TRUST
RiverSource 120/20 Contrarian Equity Fund 34,264,476
RiverSource Recovery and Infrastructure Fund 512,709,252
RiverSource Retirement Plus 2010 Fund 7,693,272
RiverSource Retirement Plus 2015 Fund 19,809,033
RiverSource Retirement Plus 2020 Fund 20,867,470
RiverSource Retirement Plus 2025 Fund 24,017,155
RiverSource Retirement Plus 2030 Fund 23,234,167
RiverSource Retirement Plus 2035 Fund 17,695,014
RiverSource Retirement Plus 2040 Fund 12,611,931
RiverSource Retirement Plus 2045 Fund 12,114,671
---------------
685,016,441 900,000
RIVERSOURCE SHORT TERM INVESTMENTS SERIES, INC.
RiverSource Short-Term Cash Fund 3,431,881,904 1,900,000
RIVERSOURCE SPECIAL TAX-EXEMPT SERIES TRUST
RiverSource Minnesota Tax-Exempt Fund 347,491,591
RiverSource New York Tax-Exempt Fund 53,601,663
---------------
401,093,254 750,000
RIVERSOURCE STRATEGIC ALLOCATION SERIES, INC.
RiverSource Strategic Allocation Fund 1,031,879,712
RiverSource Strategic Income Allocation Fund 345,063,753
---------------
1,376,943,465 1,250,000
RIVERSOURCE STRATEGY SERIES, INC.
RiverSource Equity Value Fund 647,909,107 900,000
RIVERSOURCE TAX-EXEMPT INCOME SERIES, INC.
RiverSource Tax-Exempt High Income Fund 2,244,413,325 1,500,000
Minimum Amount
Gross Assets of Bond Under
Fund/Entity 06/30/2010 Rule 17g-1
--------------------------------------------------------------------------- --------------- ---------------
RIVERSOURCE TAX-EXEMPT SERIES, INC.
RiverSource Intermediate Tax-Exempt Fund 95,972,584
RiverSource Tax-Exempt Bond Fund 656,579,890
---------------
752,552,474 1,000,000
RIVERSOURCE VARIABLE SERIES TRUST
Disciplined Asset Allocation Portfolios - Aggressive 24,946,486
Disciplined Asset Allocation Portfolios - Conservative 54,344,401
Disciplined Asset Allocation Portfolios - Moderate 110,422,288
Disciplined Asset Allocation Portfolios - Moderately Aggressive 65,916,786
Disciplined Asset Allocation Portfolios - Moderately Conservative 59,765,903
Variable Portfolio - Davis New York Venture Fund 1,142,677,399
Variable Portfolio - Goldman Sachs Mid Cap Value Fund 693,400,798
Variable Portfolio - Partners Small Cap Value Fund 1,139,021,346
RiverSource Variable Portfolio - Balanced Fund 966,351,543
RiverSource Variable Portfolio - Cash Management Fund 941,620,556
RiverSource Variable Portfolio - Core Equity Fund 165,388,345
RiverSource Variable Portfolio - Diversified Bond Fund 4,885,802,875
RiverSource Variable Portfolio - Diversified Equity Income Fund 2,612,058,655
RiverSource Variable Portfolio - Dynamic Equity Fund 1,199,093,698
RiverSource Variable Portfolio - Global Bond Fund 1,445,001,481
RiverSource Variable Portfolio - Global Inflation Protected Securities Fund 2,243,471,827
RiverSource Variable Portfolio - High Yield Bond Fund 674,443,628
RiverSource Variable Portfolio - Income Opportunities Fund 990,930,682
RiverSource Variable Portfolio - Mid Cap Growth Fund 344,658,255
RiverSource Variable Portfolio - Mid Cap Value Fund 657,541,027
RiverSource Variable Portfolio - S&P 500 Index Fund 190,649,007
RiverSource Variable Portfolio - Short Duration U.S. Government Fund 1,340,291,727
Seligman Variable Portfolio - Growth Fund 204,862,975
Seligman Variable Portfolio - Larger-Cap Value Fund 21,105,321
Seligman Variable Portfolio - Smaller-Cap Value Fund 71,683,183
Threadneedle Variable Portfolio - Emerging Markets Fund 840,799,198
Threadneedle Variable Portfolio - International Opportunity Fund 461,610,918
Variable Portfolio - Columbia Wanger International Equities Fund 400,633,979
Variable Portfolio - Columbia Wanger U.S. Equities Fund 468,841,248
Variable Portfolio - Marsico Growth Fund 1,198,008,611
Variable Portfolio - American Century Diversified Bond Fund 1,826,492,014
Variable Portfolio - J.P. Morgan Core Bond Fund 1,748,944,926
Variable Portfolio - Wells Fargo Short Duration Government Fund 1,339,028,884
Variable Portfolio - Mondrian International Small Cap Fund 236,472,162
Variable Portfolio - AllianceBernstein International Value Fund 1,001,216,571
Variable Portfolio - Pyramis(R) International Equity Fund 821,996,425
Variable Portfolio - Invesco International Growth Fund 1,328,233,550
Variable Portfolio - PIMCO Mortgage-Backed Securities Fund 2,893,775,950
Variable Portfolio - Jennison Mid Cap Growth Fund 646,914,179
Variable Portfolio - Morgan Stanley Global Real Estate Fund 296,789,856
Variable Portfolio - NFJ Dividend Value Fund 1,234,656,271
Variable Portfolio - MFS Value Fund 1,234,019,395
Variable Portfolio - UBS Large Cap Growth Fund 897,593,573
Variable Portfolio - Eaton Vance Floating-Rate Income Fund 858,048,288
Variable Portfolio - American Century Growth Fund 1,356,777,424
Variable Portfolio - Aggressive Portfolio 2,293,750,096
Variable Portfolio - Moderately Aggressive Portfolio 8,985,614,686
Variable Portfolio - Moderate Portfolio 14,314,467,760
Variable Portfolio - Moderately Conservative Portfolio 3,906,647,062
Variable Portfolio - Conservative Portfolio 1,819,609,196
RiverSource Variable Portfolio - Limited Duration Bond Fund 2,082,230,246
Variable Portfolio - Partners Small Cap Growth Fund 359,982,663
RiverSource Variable Portfolio - Strategic Income Fund 755,216,038
---------------
Minimum Amount
Gross Assets of Bond Under
Fund/Entity 06/30/2010 Rule 17g-1
--------------------------------------------------------------------------- --------------- ---------------
77,853,821,363 2,500,000
SELIGMAN CAPITAL FUND, INC. 211,321,544 600,000
RIVERSOURCE GOVERNMENT MONEY MARKET FUND, INC. 152,164,052 600,000
SELIGMAN COMMUNICATIONS AND INFORMATION FUND, INC. 3,324,278,252 1,900,000
SELIGMAN FRONTIER FUND, INC. 125,647,790 525,000
SELIGMAN GLOBAL FUND SERIES, INC.
Seligman Global Technology Fund 480,887,120 750,000
SELIGMAN GROWTH FUND, INC. 1,452,387,077 1,250,000
RIVERSOURCE LASALLE INTERNATIONAL REAL ESTATE FUND, INC. 78,199,455 450,000
SELIGMAN PREMIUM TECHNOLOGY GROWTH FUND, INC. 256,502,434 750,000
SELIGMAN LASALLE REAL ESTATE FUND SERIES, INC.
RiverSource LaSalle Global Real Estate Fund 12,811,359
RiverSource LaSalle Monthly Dividend Real Estate Fund 27,111,239
---------------
39,922,598 350,000
SELIGMAN MUNICIPAL FUND SERIES, INC.
Seligman Minnesota Municipal Class (Minnesota Fund) 67,533,567
Seligman National Municipal Class (National Fund) 638,804,098
Seligman New York Municipal Class (New York Fund) 83,089,826
---------------
789,427,491 1,000,000
SELIGMAN MUNICIPAL SERIES TRUST
Seligman California Municipal High Yield Series 33,805,232
Seligman California Municipal Quality Series 38,767,249
---------------
72,572,482 400,000
SELIGMAN PORTFOLIOS, INC.
Seligman Capital Portfolio 7,486,120
Seligman Common Stock Portfolio 2,380,880
Seligman Communications and Information Portfolio 52,880,575
Seligman Global Technology Portfolio 4,735,384
Seligman International Growth Portfolio 1,392,494
Seligman Investment Grade Fixed Income Portfolio 1,974,154
Seligman Large-Cap Value Portfolio 2,294,625
Seligman Smaller-Cap Value Portfolio 86,095,864
---------------
159,240,094 600,000
SELIGMAN TARGETHORIZON ETF PORTFOLIOS, INC.
Seligman TargETFund 2045 4,523,737
Seligman TargETFund 2035 8,689,032
Seligman TargETFund 2025 29,804,782
Seligman TargETFund 2015 21,181,946
Seligman TargETFund Core 53,278,670
---------------
117,478,167 525,000
SELIGMAN VALUE FUND SERIES, INC.
Seligman Large-Cap Value Fund 344,070,518
Seligman Smaller-Cap Value Fund 401,229,042
---------------
745,299,560 900,000
TRI-CONTINENTAL CORPORATION 880,916,540 1,000,000
---------------
TOTAL RIVERSOURCE FUND FAMILY 134,139,384,599
===============