RiverSource(R) Equity Value Fund Receives 2007 Lipper Fund Award in Large Value Category

RiverSource Equity Value Fund (R4 share class) received the 2007 Lipper Fund Award as the top performing fund in the Lipper large value category for the three-year period ending Dec. 31, 2006. Its the third consecutive year that a fund managed by the RiverSource Deep Value Team has received a Lipper Fund Award.

A Lipper Fund Award is presented to one fund in each Lipper category for achieving the strongest trend of consistent risk-adjusted performance against its category peers over a three-year period.

Im extremely proud of the Deep Value Teams accomplishments. We feel that they have consistently provided shareholders with competitive absolute and relative results, said Michelle Keeley, executive vice president of equities and fixed income for RiverSource Investments. The team is committed to its successful investment process and strives to deliver consistent, competitive performance.

RiverSource Equity Value Fund is managed by a team of four portfolio managers: Warren Spitz, Steve Schroll, Laton Spahr and Paul Stocking. Spitz is the senior member of the team and has been the lead portfolio manager since November 2000. During that time, the fund has provided shareholders with competitive risk-adjusted performance through market cycles.

In addition to RiverSource Equity Value Fund, the Deep Value Team at RiverSource Investments manages:

- RiverSource® Dividend Opportunity Fund

- RiverSource® Diversified Equity Income Fund

- RiverSource® Mid Cap Value Fund

The team also manages institutional and retail separate accounts and other portfolios.

RiverSource Investments, LLC, is a subsidiary of Ameriprise Financial, Inc. (NYSE:AMP).

Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Users acknowledge that they have not relied upon any warranty, condition, guarantee, or representation made by Lipper. Any use of the data for analyzing, managing, or trading financial instruments is at the user's own risk. This is not an offer to buy or sell securities.

About Lipper: Lipper, a wholly owned subsidiary of Reuters, is a leading global provider of mutual fund information and analysis to fund companies, financial intermediaries, and media organizations. Lipper clients manage more than 95% of U.S. fund assets. The firm, founded in 1973 and headquartered in New York, tracks 125,000 funds worldwide through its offices in major financial capitals in North America, Europe, and Asia.

Lipper Rankings are based on annualized total returns and do not reflect sales charges. The performance information shown represents past performance and is not a guarantee of future results.Fund returns for all periods would have been lower if the applicable sales charge were included. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by visiting www.riversource.com/investments.

RiverSource Equity Value Fund average annual total returns and Lipper rankings as of 12-31-06 R4 shares:

1YR 20.47%, 21st of 496

3YR 15.80%, 7th of 425

5YR 8.71%, 86th of 307

10YR 8.17%, 77th of 136

Source: Lipper

About RiverSource Investments

RiverSource Investments develops and manages asset growth, preservation and income solutions that revolve around the needs of todays investors. The firms specialized investment platform provides access to investment and research professionals located in investment centers in the U.S. and overseas. As a leading source of investment insight and innovation, RiverSource Investments delivers a full range of solutions across the risk return spectrum to retail investors and their advisors and to institutional investors including corporations, pension funds, governments, foundations and endowments.

For more information, visit riversource.com/investments.

RiverSource Investments, LLC is an SEC-registered investment adviser that offers investment products and services under the names RiverSource Institutional Advisors, RiverSource Alternative Investments, RiverSource Capital Management and RiverSource Insurance Assets.

About Ameriprise Financial

Ameriprise Financial, Inc. is a leading financial planning and services company that provides solutions for clients asset accumulation, income management and insurance protection needs. Through a nationwide network of more than 10,000 financial advisors, Ameriprise Financial delivers tailored solutions to clients through a comprehensive and personalized financial planning approach built on a long-term relationship with a knowledgeable advisor. The Company specializes in meeting the retirement-related financial needs of the mass affluent and affluent. Financial advisory services and investments are available through Ameriprise Financial Services, Member NASD and SIPC.

For more information, visit ameriprise.com.

You should consider the investment objective, risks, charges and expenses for a fund carefully before investing. For a free copy of a prospectus, which contains this and other information about RiverSource Funds, please call (800) 297-3863 or visit riversource.com/investments. Read the prospectus carefully before you invest.

Past performance does not guarantee future results.

Class R4 shares are only available to qualified institutional investors.

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

RiverSource® mutual funds are distributed by RiverSource Distributors, Inc. and Ameriprise Financial Services, Inc., Members NASD, and managed by RiverSource Investments, LLC. These companies are part of Ameriprise Financial, Inc.

© 2007 Ameriprise Financial, Inc. All rights reserved.

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