RiverSource Investments Launches New RiverSource(R) Strategic Income Allocation Fund

RiverSource Investments, LLC, a subsidiary of Ameriprise Financial, Inc., (NYSE:AMP) has launched two new single-strategy mutual funds, RiverSource Strategic Income Allocation Fund and RiverSource Disciplined Large Cap Growth Fund. The funds are available through Ameriprise financial advisors and select non-affiliated banks and broker-dealers.

The new funds offer additional investment solutions focused on investors needs for income and growth: RiverSource Strategic Income Allocation Fund is designed to help investors meet their income needs, while RiverSource Disciplined Large Cap Growth Fund is designed to help investors accumulate assets.

"We are committed to providing insightful solutions driven by investors goals and advisors needs. said Michelle Keeley, executive vice president of equities and fixed income investments for RiverSource Investments. "These funds provide more choices, more opportunities and more ways for investors to achieve their financial goals.

RiverSource Strategic Income Allocation Fund

The fund is co-managed by RiverSource Investments specialized Fixed Income Team in Minneapolis and the Disciplined Equity and Asset Allocation Team in Cambridge, Mass. The fund seeks to provide shareholders with a high level of current income with capital growth as a secondary objective.

RiverSource Strategic Income Allocation Fund builds on the success of the RiverSource® Income Builder Series by providing sensible asset allocation in the fixed income space based on proprietary quantitative models developed by the Disciplined Equity and Asset Allocation Team. The fund is similar to the RiverSource® Income Builder Moderate Fund portfolio, but without a significant allocation to equities. The fund invests in a broad mix of fixed income sectors, in both domestic and foreign markets, maintaining a substantial allocation to higher yielding, lower quality sectors.

Asset Class

Minimum
Allocation

Maximum
Allocation

Low-Quality Fixed Income

  • High Yield Bonds
  • Bank Loans
  • Emerging Market Debt
25% 75%

High-Quality Fixed Income

  • Core Bonds (government & corporate)
  • Mortgage-Backed Securities
  • Treasury Inflation Protected Securities
  • Global Bonds
25% 75%
REITs and Other Equities 0% 10%
Cash 0% 30%

RiverSource Disciplined Large Cap Growth Fund

This fund is also managed by the Disciplined Equity and Asset Allocation Team and seeks to provide shareholders with long-term capital growth. The team uses its quantitative process to select companies with attractive valuations, sound balance sheets or improving investor sentiment. The team also employs a rigorous risk management process designed to help minimize volatility and maximize risk-adjusted returns. The fund invests primarily in companies included in the Russell 1000 Growth Index, and can be used as a core large-cap growth holding in many investment portfolios.

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 strategic 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.

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 objectives, risks, charges and expenses of a mutual fund carefully before investing. For a free prospectus, which contains this and other important information about the funds, call (888) 791-3380. Read the prospectus carefully before investing.

Investments in small- and mid-capitalization companies often involve greater risks and potential volatility than investments in larger, more established companies.

International investing involves increased risk and volatility due to potential political and economic instability, currency fluctuations, and differences in financial reporting and accounting standards and oversight. Risks are particularly significant in emerging markets.

There are risks associated with an investment in a bond fund, including credit risk, interest rate risk, and prepayment and extension risk. See the funds prospectus for information on these and other risks associated with the fund. In general, bond prices rise when interest rates fall and vice versa. This effect is usually more pronounced for longer-term securities. Non-investment grade securities, commonly called high-yield or junk bonds, generally have more volatile prices and carry more risk to principal and income than investment grade securities.

It is not possible to invest directly in an index. Russell 1000® Growth Index, and unmanaged index measures the performance of those stocks in the Russell 1000 Index with higher price-to-book ratios and higher forecasted growth values. The index reflects reinvestment of all distributions and changes in the market prices, but excludes brokerage commissions or other fees.

Asset allocation and diversification do not assure a profit or protect against loss.

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 Income Builder Series are funds of funds comprised of holdings in several different RiverSource funds, which may include small-cap, mid-cap, large-cap, money market, international, bond, and/or sector funds. Each of the underlying funds in which the portfolio invests has its own investment risks, and those risks can affect the value of the portfolios shares and investments. There are risks associated with fixed income investments, including credit risk, interest rate risk, and prepayment and extension risk. Non-investment grade securities generally have more volatile prices and carry more risk to principal and income than investment grade securities. International investing involves increased risk and volatility due to potential political and economic instability, currency fluctuations, and differences in financial reporting and accounting standards and oversight. Risks are particularly significant in emerging markets. Investments in small- and mid-capitalization companies often involve greater risks and potential volatility than investments in larger, more established companies. See the funds prospectus for more information on these and other risks that may be associated with the underlying funds.

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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