RiverSource Investments Introduces Advanced Alpha Strategies

RiverSource Investments, LLC, a subsidiary of Ameriprise Financial, Inc. (NYSE: AMP), has introduced RiverSource Advanced AlphaSMStrategies, a series of three innovative mutual funds:

• RiverSource® 120/20 Contrarian Equity Fund
• RiverSource® 130/30 U.S. Equity Fund
• RiverSource® Absolute Return Currency and Income Fund

The funds, designed for more affluent investors, require a minimum initial investment of $10,000.

The funds’ strategies allow investors to capitalize on independent research from RiverSource Investments by combining short sales with long positions. This approach enables the specialized investment teams to hold securities or other instruments in the funds that they expect to perform well while also taking advantage of investments they expect to decline in value.

“Our goal is to meet the demands of today’s modern investors who seek enhanced performance above the benchmarks,” said Ted Truscott, president and chief investment officer of RiverSource Investments. “The RiverSource Advanced Alpha series gives high net worth investors the opportunity to diversify portfolios with strategies once primarily reserved for institutional investors.”

RiverSource 120/20 Contrarian Equity Fund

The RiverSource 120/20 Contrarian Equity Fund is managed by the RiverSource Deep Value Team led by senior portfolio manager Warren Spitz. The team employs a contrarian philosophy to help identify undervalued, misunderstood or forgotten stocks. The team’s dedicated research analysts collaborate to evaluate opportunities across sectors providing managers with the opportunity to fully capitalize on both long and short positions. The fund is designed to hold stocks in which the team has a high conviction and to sell short a variety of instruments such as exchange-traded funds, potentially reducing industry and sector risks. Proceeds from the short sales may be used to further enhance the fund’s investment in its long positions. The fund’s benchmark is the Russell 3000 Index.

RiverSource 130/30 U.S. Equity Fund

The RiverSource 130/30 U.S. Equity Fund is managed by the Boston-based RiverSource Large Cap Equity Team led by senior portfolio managers Bob Ewing and Nick Thakore. The team’s dedicated research analysts use independent, proprietary research and rigorous analysis in a bottom-up methodology to rank prospective holdings by anticipated return. The fund is designed to take full advantage of the team’s research insights to uncover long opportunities with high anticipated returns and reveal potential poor performers that can be sold short. The fund’s benchmark is the Russell 1000 Index.

RiverSource Absolute Return Currency and Income Fund

The RiverSource Absolute Return Currency and Income Fund is managed by the RiverSource Global Fixed Income Team led by Nic Pifer. The team’s investment professionals have an average of 20 years experience. The fund holds positions in a combination of forward currency contracts and fixed income investments. The fund’s goal is to generate positive total returns regardless of market performance. The portfolio managers enter into long and short forward currency contracts gaining exposure to major currencies based on expected return rankings from a proprietary quantitative model. The team also invests a significant portion of the fund’s assets in short duration bonds which is designed, in part, to generate ongoing income.

Previously available only through RiverSource Advice-Built SolutionsSM, the RiverSource Absolute Return Currency and Income Fund is now available through Ameriprise financial advisors and select non-affiliated banks and broker-dealers.

“With the launch of RiverSource Advanced Alpha Strategies, we further enhance our compelling line of innovative product solutions for investors,” said Patrick Bannigan, senior vice president of mutual funds for RiverSource Investments. “At RiverSource Investments, we are committed to developing high quality products and services for clients and advisors.”

Additional information on RiverSource Advanced Alpha Strategies is available at www.ilovealpha.com.

About RiverSource Investments

RiverSource Investments develops and manages asset growth, preservation and income solutions that revolve around the needs of today’s investors. The firm’s specialized investment platform provides access to investment and research professionals located in strategic investment centers in the U.S. and overseas. 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 www.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 FINRA and SIPC.

For more information, visit www.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.

The RiverSource 120/20 Contrarian Equity Fund and RiverSource 130/30 U.S. Equity Fund may make short sales, which involves selling a security the Fund does not own in anticipation that the securities price will decline. The Fund's potential losses could exceed those of other mutual funds which hold only long security positions if the value of the securities held long decrease and the value of the securities sold sort increase. The Fund's use of short sales in effect "leverages" the Fund, as the Fund intends to use the case proceeds from the short sales to invest in additional long securities. Leveraging potentially exposes the Fund to greater risks due to unanticipated market movements, which may magnify losses and increase volatility of returns. There is no assurance that a leveraging strategy will be successful. See the Fund’s prospectus for information on these and other risks associated with the Fund.

The RiverSource Absolute Return Currency and Income Fund is designed for investors with an above average risk tolerance. Risks associated with the fund include, but are not limited to, derivatives risk, interest rate risk, foreign currency risk, and risks associated with forward currency contracts. Derivative instruments are financial instruments that have a value dependent on the value of something else, such as one or more underlying securities. Gains or losses may be substantial, because a relatively small price movement in an underlying security may result in a substantial gain or loss for the Fund. In general, bond prices rise when interest rates fall and vice versa. This effect is usually more pronounced for longer-term securities. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and economic or political developments. The Fund’s exposure to foreign currencies may reduce the returns of the Fund. A significant portion of the Fund is invested in forward currency contracts, which are subject to a number of risks. Gains and losses may be substantial if prices do not move in the direction anticipated. See the Fund’s prospectus for information on these and other risks associated with the Fund.

There is no guarantee that the strategies will be successful.

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., Member FINRA, and managed by RiverSource Investments, LLC. These companies are part of Ameriprise Financial, Inc.

© 2007 RiverSource Distributors, Inc. All rights reserved.

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