• SPECIALTY
• INTERNATIONAL
• SMALL COMPANY
• MEDIUM COMPANY
• LARGE COMPANY
• BALANCED
• REAL ESTATE SECURITIES
• INCOME
• MUNICIPAL INCOME
• MONEY MARKET
• Seligman Cash Management Fund
• ASSET ALLOCATION
• VARIABLE ANNUITY
• CLOSED END
• NON-US FUNDS

Fact Sheet Prospectus Statement of Additional Information Shareholder Report

Past performance is no guarantee or indication of future results. The rate of return will vary and the principal value of an investment will fluctuate. Shares, if redeemed, may be worth more or less than their original cost. Performance does not reflect the effect of sales charges, fees, or taxes. If such charges were included, performance would be lower. Return figures reflect any change in price per share, and assume the reinvestment of dividends and capital gain distributions, if any.

During portions of 2003 and 2004, Seligman voluntarily reimbursed Fund expenses in order for the Fund’s shares to declare dividends equal to various minimum annual rates. Absent such reimbursements, the Fund's returns would have been reduced or negative. From February 16, 2005 through March 24, 2008, Seligman did not reimburse the Fund’s expenses, and as such, for the period there was no minimum annual dividend rate. Beginning March 25, 2008, Seligman, from time-to-time and at its discretion, reimbursed certain class-specific expenses of certain share classes to allow those classes to maintain a positive dividend. Absent such expense reimbursements, the dividend rates in respect of such share classes would have been negative. There is no guarantee that Seligman will continue reimbursing such expenses, and as such, Seligman may stop such expense reimbursements at any time. As a measure of current income, seven-day yield more closely reflects the Fund’s current earnings than total return.

IMPORTANT PERFORMANCE INFORMATION
Performance data quoted herein represents past performance. Past performance does not guarantee or indicate future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted. Total returns of the Fund as of the most recent month-end will be made available at www.seligman.com by the seventh business day following that month-end. The data provided above for the Class A shares does not reflect the effect of the 0.25% Administration, Shareholder Services and Distribution Plan Fee which was approved on November 23, 1992, payment of which may commence only if authorized by the Fund’s Board of Directors. During portions of 2003 and 2004, Seligman voluntarily reimbursed Fund expenses in order for the Fund’s shares to declare dividends equal to various minimum annual rates. Absent such reimbursements, the Fund's returns would have been reduced or negative. From February 16, 2005, through March 24, 2008, Seligman did not reimburse the Fund’s expenses, and as such, for the period there was no minimum annual dividend rate. Beginning March 25, 2008, Seligman, from time-to-time and at its discretion, reimbursed certain class-specific expenses of certain share classes to allow those classes to maintain a positive dividend. Absent such expense reimbursements, the dividend rates in respect of such share classes would have been negative. Beginning September 25, 2008, Seligman voluntarily reimbursed expenses of certain share classes to declare dividends equal to various minimum annual rates. Absent such reimbursements, the returns of those share classes would have been reduced or negative. There is no guarantee that Seligman will continue reimbursing such expenses, and as such, Seligman may stop such expense reimbursements at any time. As a measure of current income, seven-day yield more closely reflects the Fund’s current earnings than total return.

Current yield represents annualized net income per share over the current offering price and/or net asset value for the seven-day period ended 9/30/08. Effective yield represents an annualization of current yield with dividends reinvested for the seven-day period ended 9/30/08. Yield and performance for Class B, C, and R will be lower than Class A based on higher expenses. Return information on Class B, C, and R shares are available here.

A WORD ABOUT RISK
Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

There is no guarantee that the Fund’s investment goals/objectives will be met, and you could lose money.

On November 7, 2008, RiverSource Investments, LLC (“RiverSource Investments”) completed its acquisition of J. & W. Seligman & Co. Incorporated. In addition, at special meetings held earlier in November 2008, the shareholders of each Seligman Mutual Fund approved a new investment management services agreement between each such Fund and RiverSource Investments and, if applicable, new subadvisory and delegation agreements. With the completion of the acquisition and the approval of these new agreements by shareholders of each Seligman Mutual Fund, RiverSource Investments is the new investment manager of the Seligman Mutual Funds effective November 7, 2008.