Seligman Global Technology Fund
FUND OBJECTIVE AND STRATEGY:

Seeks long-term capital appreciation by investing primarily in equity securities of US and non-US companies with business operations in technology and technology-related industries.

PORTFOLIO MANAGEMENT
Portfolio Manager:
Richard M. Parower, CFA
Richard M. Parower, CFA
Managing Director

Member of Seligman Technology Group (New York)

Joined Seligman: 2000
Industry Experience: 16 years

Mr. Parower serves as Portfolio Manager for the following:

Education:

BA (Economics) – Washington University
MBA (Finance, International Business) – Columbia University

Professional Designations and Affiliations:
Chartered Financial Analyst (CFA)


Investment Team:
Seligman Technology Group



FUND STATISTICS
As of September 30, 2008

Inception May 23, 1994
Total Net Assets $291 million
Number of Holdings 57




TOP 10 HOLDINGS1
As of September 30, 2008
Amdocs (United States)
6.5%
Check Point Software Technologies (Israel)
6.0
McAfee (United States)
5.9
Autodesk (United States)
5.3
Synopsys (United States)
5.3
Symantec (United States)
5.1
BMC Software (United States)
4.8
Marvell Technology Group (United States)
3.6
Cisco Systems (United States)
3.1
NetApp (United States)
3.0
Total
48.6%
REGIONAL WEIGHTINGS
As of September 30, 2008
US/Global2
71.8%
Asia (Emerging)
10.7%
Europe (EMU)
0.6%
Canada
3.8%
Europe, Middle East and Africa (Emerging)
7.8%
Japan
4.5%
Asia (Developed)
0.6%
Europe (Other)
0.2%
Regional weightings are shown as a percentage of portfolio holdings.




TOP 10 INDUSTRY WEIGHTINGS
As of September 30, 2008
Internet Software and Services
16.9%
Systems Software
13.3
Application Software
13.1
Communications Equipment
8.9
IT Consulting and Other Services
8.0
Computer Storage and Peripherals
7.2
Technical Software
6.9
Computer Hardware
6.0
Semiconductors
4.3
Electronic Equipment Manufacturers
3.4
Industry weightings are shown as a percentage of net assets.

FUND CHARACTERISTICS
As of September 30, 2008
P/E
21x
Trailing 3 Year EPS Growth
25%
Weighted Median Market Capitalization*
$5,655
Source: Factset. *In millions.
P/E Ratio is the weighted average of the price of each stock in the Fund's portfolio at September 30, 2008 divided by its after-tax earnings per share over the trailing 12-month period ended on such date, excluding any companies with after-tax losses.

Trailing 3 Year EPS Growth is the weighted average of the change in the earnings per share over the previous 12 quarters of the companies in the Fund's portfolio at September 30, 2008.

Weighted Median Market Capitalization represents the market capitalizations of companies held in the portfolio.



AVERAGE ANNUAL TOTAL RETURNS
As of September 30, 2008

  1 Year
%
3 Year
%
5 Year
%
10 Year
%
CLASS A without sales charges (23.36) 3.08 5.95 5.75
CLASS A with sales charges (27.76) 1.06 4.70 5.13
 



GROWTH OF $10,000
(Class A Without Sales Charges: 5/23/94 (Inception) - 9/30/08)


The chart does not reflect the performance of Class B, C, or R shares, which would differ due to different sales charges, fees and expenses. See Important Performance Information below.


CALENDAR YEAR TOTAL RETURNS
As of September 30, 2008

Class A Without Sales Charges

Performance does not reflect the effect of sales charges. If such charges were included, performance would be lower. The graph does not reflect the performance of Class B, C, or R shares, which would differ due to different sales charges, fees and expenses. Return figures reflect any change in price per share, and assume the reinvestment of dividends and capital gains, if any. See Important Performance Information below.




Annual Fund Operating Expenses
(Expenses that are deducted from Fund assets)

(As of percent of Net Assets) Class A
Shares
Class B/C
Shares
Class R
Shares
Total Annual Operating Expenses 1.75% 2.50% 2.00%
 



SUBADVISOR
Prior to March 31, 2000, Seligman employed a subadvisor that was responsible for providing portfolio management services with regard to the Fund’s non-US investments. Seligman no longer uses such sub-advisory services.
NOT FDIC INSURED . NOT BANK GUARANTEED . MAY LOSE VALUE