Columbia Seligman Technology and Information Fund (SLMCX) N-CSR Certified annual shareholder report (management investment company)

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM N-CSR

              CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
                              INVESTMENT COMPANIES

Investment Company Act file number 811-3596

               Seligman Communications and Information Fund, Inc.
               (Exact name of Registrant as specified in charter)

                                 100 Park Avenue
                            New York, New York 10017
               (Address of principal executive offices) (Zip code)

                                Lawrence P. Vogel
                                 100 Park Avenue
                            New York, New York 10017
                     (Name and address of agent for service)

Registrant's telephone number, including area code:               (212) 850-1864


Date of fiscal year end:                 12/31

Date of reporting period:                12/31/03




ITEM 1.  REPORTS TO STOCKHOLDERS.
         SELIGMAN COMMUNICATIONS AND INFORMATION FUND, INC.
         Annual Report December 31, 2003

Seligman
Communications and
Information Fund, Inc.

Annual Report
December 31, 2003

Seeking Capital Gain by
Investing in Companies
Operating in the
Communications, Information, and
Related Industries

Seligman
140 Years of Investment Experience

J. & W. Seligman & Co. Incorporated is a firm with a long tradition of investment expertise, offering a broad array of investment choices to help today’s investors seek their long-term financial goals.

Established in 1864, Seligman has a history of providing financial services marked not by fanfare, but rather by a quiet and firm adherence to financial prudence. While the world has changed dramatically in the 140 years since Seligman first opened its doors, the firm has continued to offer its clients high-quality investment solutions through changing times.

In the late 19th century, as the country grew, Seligman helped finance the westward expansion of the railroads, the construction of the Panama Canal, and the launching of urban transit systems. In the early 20th century, the firm helped fund the growing capital needs of new industries, including the nascent automobile and steel industries.

With the formation of Tri-Continental Corporation in 1929 — today, one of the nation’s largest diversified publicly-traded closed-end equity investment companies — Seligman began shifting its emphasis to investment management. In 1930, Seligman established what would be the first in an impressive lineup of mutual funds.

Seligman is proud of its distinctive past and of the traditional values that continue to shape the firm’s business decisions and investment judgment. While much has changed over the years, the firm’s commitment to providing prudent investment management that seeks to build wealth for clients over time is an enduring value that will continue to guide Seligman.

Table of Contents

To The Shareholders	1
Interview With Your
Portfolio Manager	2
Performance Overview	5
Portfolio Overview	8
Portfolio of Investments	10
Statement of Assets
and Liabilities	13
Statement of
Operations	14
Statements of
Changes in Net Assets	15
Notes to Financial
Statements	16
Financial Highlights	25
Report of
Independent Auditors	30
Directors and Officers	31
Glossary of Financial
Terms	35
For More Information	back cover

. .

. .

To The Shareholders

Your annual shareholder report for Seligman Communications and Information Fund, Inc. follows this letter. This report contains an interview with your Fund’s Portfolio Manager, as well as your Fund’s investment results and financial statements, including a portfolio of investments.

For the year ended December 31, 2003, Seligman Communications and Information Fund, Inc. delivered a total return of 42.26% based on the net asset value of Class A shares. During the same time, the Lipper Science & Technology Funds Average, which measures the performance of the Fund’s peers, returned 55.75%, and the Goldman Sachs Technology Index, which measures the performance of the technology market, returned 54.19%. In 2003, investors once again pursued technology stocks, but they pursued those whose stock prices had lost the most value during the downturn. These were generally small- and micro-cap companies with weak or non-existent profits. While Seligman Communications and Information Fund benefited from the technology market rally of 2003, it remained focused on larger and medium-sized companies, with steadier revenues and profits. These types of companies, whose stock prices held up better during the downturn, also delivered relatively subdued performances during this rally. Seligman Communications and Information Fund’s investment philosophy, of choosing companies the Fund’s management team believes have strong fundamentals, has led to outperforming returns over time. (Please see the Fund’s long-term performance numbers on page 6 of this report.)

As you are probably aware, the mutual fund industry has been dealing with the issue of market timing and other disruptive or illegal trading practices in mutual fund shares. J. & W. Seligman & Co. Incorporated, which manages a family of mutual funds, including your Fund, has conducted an extensive internal review regarding these matters, the results of which have been previously reported to shareholders. For more information, please visit www.seligman.com.* We thank you for your continued support of Seligman Communications and Information Fund, Inc., and look forward to serving your investment needs for many years to come.

By Order of the Board of Directors,

William C. Morris Chairman
February 20, 2004

President

* The reference to Seligman’s website is an inactive textual reference and information contained in or otherwise accessible through Seligman’s website does not form a part of this report or the Fund’s prospectus.

1

Interview With Your Portfolio Manager
Paul H. Wick

Q:	How did Seligman Communications and Information Fund, Inc. perform during the fiscal year ended December 31, 2003?
A:	During the year ended December 31, 2003, Seligman Communications and Information Fund Inc., delivered a total return of 42.26% based on the net asset value of Class A shares. During the same time, the Lipper Science & Technology Funds Average, which measures the performance of the Fund’s peers, returned 55.75%, and the Goldman Sachs Technology Index (the “Index”), which measures the performance of the technology market, returned 54.19%.
Q:	What market conditions and events materially affected the Fund’s performance during the period?
A:	Following three years of declines, the US technology market delivered outstanding returns in 2003. During this time, US economic growth was strong, with a third-quarter 2003 GDP (gross domestic product) annualized growth rate of 8.2%. Technology spending was a significant component of this growth, and earnings for technology companies began to grow following two years of declines. Much of this spending came from consumers and small- and mid-sized companies. Larger US companies remained on the sidelines, continuing to wait for surer signs that the economic recovery was progressing with tangible effects on their bottom lines. A resurgence in economic growth in Asia — notably in China, which was emerging from the SARS crisis, and in Japan — also contributed to an increased demand for technology products and services, particularly for consumer electronics and cellular telephones. Within this more positive environment, investors bet heavily on the previously battered technology sector, and gravitated toward companies perceived to have the most leverage in an economic upturn, particularly those whose profitability was badly damaged during the technology downturn of 2000 through 2002. In general, the top-performing technology stocks in 2003 were small- and micro-cap companies, often with share prices that began the year under $10, with weak or non-existent profits, and stock prices that had been most battered during the downturn. The bulk of Seligman Communications and Information Fund’s investments were in mid- and larger-sized companies with steadier revenues and profits. These types of companies held up better during the recession of 2000 through 2002, and Seligman Communications and Information Fund thus retained more value during the downturn than did the Goldman Sachs Technology Index. However, while the companies in the Fund’s portfolio delivered generally strong performances last year, their profits and revenues are less tied to economic cycles, and thus their stock prices may be less likely to show dramatic improvements during an economic recovery.

Q:

What investment strategies or techniques materially affected the Fund’s performance during the period?

A:

We continued to favor software stocks. This was the Fund’s largest sector weighting, and a significant overweighting relative to the Index. The Fund’s holdings in this area outperformed the average software stock within the Index. However, while software was a positively performing sector, it underper-formed other sectors. Consequently, the Fund’s overweighting in this area had a negative effect on relative returns.

2

Interview With Your Portfolio Manager
Paul H. Wick

Health care was another heavily weighted sector for the Fund. Here, too, the Fund’s health care stocks delivered outstanding performances relative to other health care stocks within the Index. However, the health care sector underperformed other index sectors such as semiconductors, where the Fund was underweighted relative to the Index. Over this past fiscal year, the Fund increased its exposure to health care, particularly to those companies with exposure to the consolidating lab testing market and medical instrument manufacturers. We believed the stocks the Fund held in this area had better sustainable growth rates, at what we believed to be more reasonable prices than many traditional sectors of technology.

The Fund was about equal weighted with the Index in IT services, which under-performed technology as a whole in 2003, and the Fund’s holdings in this group also underperformed those in the index. We favored the sector because of its predictable, recurring revenues and high profit margins. In the 2003 rally, however, investors pursued companies that were, in our view, more dependent upon an economic rebound. Predictable, profitable companies in IT services, whose profit margins are not as dependent upon the state of the economy, didn’t do as well as companies that are more volatile and more correlative with economic growth. The Fund also suffered in this area as a result of its ownership of CSG Systems, which lost a billing dispute with its largest customer.

Our decision to underweight hardware (computers and peripherals) benefited the Fund in 2003, and the hardware stocks in the portfolio outperformed the average hardware stock in the Index. The Fund’s holdings within this group were concentrated in select printer manufacturers that have stable and recurring earnings due to replacement cartridge sales.

The Fund was significantly underweighted in semiconductors and semiconductor capital equipment stocks, which were strong performers and had a large weighting within the index. While the Fund’s semiconductor holdings outperformed those in the Index, our decision to underweight this sector negatively impacted relative performance. We had chosen to underweight chip stocks because of the poor profitability of many of the leading players in the industry during the economic downturn and the poor results posted by these companies through the summer of 2003. Prices for these stocks appeared to us to be significantly ahead of

A Team Approach

Seligman Communications and Information Fund, Inc. is managed by the Seligman Technology Group, led by Paul H. Wick. Mr. Wick is assisted in the management of the Fund by a team of seasoned research professionals who develop relationships with technology industry executives, investment banks, and venture capital firms to identify opportunities that they believe offer the greatest potential for growth. Group members include Patricia Chou, Gregory Coté, Melissa Breakstone (research assistant), Eli Davidoff (trader), Ajay Diwan, Frank Fay (trader), Thomas Hirschfeld, Richard Parower, Sangeeth Peruri, Lawrence Rosso (trader), Vishal Saluja, Reema Shah, Sushil Wagle, and Lauren Wu.

3

Interview With Your Portfolio Manager
Paul H. Wick

fundamentals. However, at the end of the summer and early in the fall of 2003, we began to perceive improving fundamentals, most notably with the stronger earnings that were reported by many of these companies for the third quarter of 2003. At this time, we began to be convinced that the broad spectrum of technology end markets were all in recovery mode. Consumer electronics, one of the few end markets to have remained strong during the downturn, strengthened further. The cell phone market, which had been generally flat in 2002 and early 2003, saw double-digit unit sales growth in the last half of 2003. PC unit growth picked up significantly, to greater than 10% globally, after more than two years of stagnation. Even the moribund telecom equipment industry began to show signs of life. The marked improvement in all these end markets contributed to the upturn in demand for semiconductors that really became apparent in August and September. During the last four months of the year, we significantly increased the Fund’s weighting in this area, although we remained underweighted versus the benchmark.

The views and opinions expressed are those of the Portfolio Manager(s), are provided for general information only, and do not constitute specific tax, legal, or investment advice to, or recommendations for, any person. There can be no guarantee as to the accuracy of market forecasts. Opinions, estimates, and forecasts may be changed without notice.

Securities That Had the Greatest Impact
on Net Asset Value (NAV)
For the Year Ended December 31, 2003

Top Contributors			Top Detractors
	Impact			Impact
Security	on NAV		Security	on NAV
Synopsys	$	0.66	Concord EFS	$	(0.08	)
Amkor Technology		0.56	CSG Systems International		(0.07	)
Symantec		0.55	Networks Associates		(0.06	)
Computer Associates International		0.49	Charles River Laboratories International		(0.04	)
Autodesk		0.43	BMC Software		(0.03	)
Laboratory Corporation of America Holdings		0.38	HealtheTech		(0.03	)
Amdocs		0.38	Nvidia		(0.03	)
Seagate Technology		0.26	Samsung Electronics		(0.02	)
Quest Diagnostics		0.26	Motorola		(0.02	)
Lexmark International (Class A)		0.20	Silicon Laboratories		(0.02	)
Total:	$	4.17	Total:	$	(0.40	)

4

Performance Overview

This chart compares hypothetical $10,000 investments in Seligman Communications and Information Fund Class A, with and without the initial 4.75% maximum sales charge, and Class D, without sales charge, to hypothetical $10,000 investments in the Goldman Sachs Technology Index and the Standard & Poor’s 500 Composite Stock Index (S&P 500) for the 10-year period ended December 31, 2003. Calculations assume reinvestment of distributions. Past performance is not indicative of future investment results. It is important to keep in mind that both the index and average exclude the effect of taxes, fees and sales charges.

Investments in one economic sector, such as technology, may be subject to greater price fluctuations than owning a portfolio of diversified investments. In addition, the securities in which Seligman Communications and Information Fund invests may be subject to greater government regulation, greater price fluctuation, and limited liquidity. The stocks of smaller companies may be subject to above-average risk. The Fund may invest in global technology stocks which may be subject to additional risks, including currency fluctuations, foreign taxation, differences in financial reporting practices, and rapid change in political and economic conditions.

As shown on page 6, the performances of Class B, Class C, Class I and Class R, which commenced on later dates, will differ from the performances shown above, based on the differences in sales charges and fees paid by shareholders. The rates 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 data quoted does not reflect the deduction of taxes that an investor may pay on Fund distributions or on the redemption of Fund shares.

5

Performance Overview
Investment Results

Total Returns
For Periods Ended December 31, 2003

							Average Annual
				Class R										Class B		Class C		Class I
				Since										Since		Since		Since
	Six			Inception			One		Five		Ten			Inception		Inception		Inception
Class A**	Months*			4/30/03*			Years		Years		Years			4/22/96		5/27/99		11/30/01
With Sales Charge		11.01	%		n/a		35.48	%	(0.65	)%		13.22	%	n/a		n/a			n/a
Without Sales Charge		16.52			n/a		42.26		0.32			13.77		n/a		n/a			n/a
Class B**
With CDSC†		11.03			n/a		36.19		(0.71	)		n/a		n/a		n/a			n/a
Without CDSC		16.03			n/a		41.19		(0.43	)		n/a		7.54	%	n/a			n/a
Class C**
With Sales Charge
and CDSC††		13.92			n/a		38.83		n/a			n/a		n/a		(1.15	)%		n/a
Without Sales Charge
and CDSC		16.10			n/a		41.19		n/a			n/a		n/a		(0.93	)		n/a
Class D**
With 1% CDSC		15.11			n/a		40.22		n/a			n/a		n/a		n/a			n/a
Without CDSC		16.11			n/a		41.22		(0.41	)		12.89		n/a		n/a			n/a
Class I**		16.85			n/a		43.13		n/a			n/a		n/a		n/a			(4.05	)%
Class R**
With 1% CDSC		15.02		31.31		%	n/a		n/a			n/a		n/a		n/a			n/a
Without CDSC		16.02		32.31			n/a		n/a			n/a		n/a		n/a			n/a
Goldman Sachs
Technology Index***		26.55		40.34			54.19		(5.03	)		n/a		n/a		(7.60	)		(4.69	)
Lipper Science &
Technology Funds
Average***		24.77		41.58			55.75		(2.78	)		12.11		6.21	‡	(5.81	)		(5.26	)
S&P 500***		15.14		22.75			28.67		(0.57	)		11.06		8.96		(1.63	)		0.54
Net Asset Value Per Share
	Class A			Class B			Class C					Class D		Class I				Class R
12/31/03		$22.99			$20.12				$20.12			$20.11				$23.23			$22.89
6/30/03		19.73			17.34				17.33			17.32				19.88			19.73
12/31/02		16.16			14.25				14.25			14.24				16.23			n/a

See footnotes on page 7.

6

Performance Overview

(Continued from page 6.)

The rates 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 data quoted does not reflect the deduction of taxes that an investor may pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future investment results. Due to market volatility, current performance may be higher or lower than the performance shown on page 6. With respect to Class I shares, the Manager voluntarily reimbursed certain expenses in 2002 and 2001. Absent such reimbursement, returns that include these periods would be lower.

*	Returns for periods of less than one year are not annualized.
**	Return figures reflect any change in price per share and assume the reinvestment of dividends and capital gain distributions. Returns for Class A shares are calculated with and without the effect of the initial 4.75% maximum sales charge. Returns for Class B shares are calculated with and without the effect of the maximum 5% contingent deferred sales charge (“CDSC”), charged on redemptions made within one year of purchase, declining to 1% in the sixth year and 0% thereafter. Returns for Class C shares are calculated with and without the effect of the initial 1% maximum sales charge and the 1% CDSC that is charged on redemptions made within 18 months of purchase. Returns for Class D and Class R shares are calculated with and without the effect of the 1% CDSC, charged on redemptions made within one year of purchase. Returns for Class I shares are calculated without any sales charges.
***	The Goldman Sachs Technology Index, the S&P 500, and the Lipper Science & Technology Funds Average (“Lipper Average”) are unmanaged benchmarks that assume the reinvestment of all distributions. The Lipper Average does not reflect any taxes or sales charges and the Goldman Sachs Technology Index and the S&P 500 do not reflect any taxes, fees or sales charges. The S&P 500 measures the performance of 500 of the largest US companies based on market capitalizations. The Lipper Average measures the performance of mutual funds with objectives similar to the Fund. The Goldman Sachs Technology Index is a broad-based index of publicly-owned US technology stocks, designed to measure the performance of the technology sector. Investors cannot invest directly in an average or an index.
†	The CDSC is 5% for periods of one year or less and 2% for the five-year period.
††	The CDSC is 1% for periods up to 18 months.
‡	From April 25, 1996.

7

Portfolio Overview

Diversification of Net Assets
December 31, 2003
				Percent of Net Assets
				December 31,
	Issues	Cost	Value	2003	2002
Common Stocks:
Application Software	5	533,651,145	664,494,197	15.9	19.6
Biotechnology	2	25,274,432	30,710,250	0.8	1.7
Commercial Services and Supplies	1	32,173,133	33,339,000	0.8	—
Communications Equipment	3	97,964,026	113,288,656	2.7	2.7
Computers and Peripherals	4	271,259,078	292,747,500	7.0	6.1
Data Processing and Outsourced Services	4	251,266,636	279,714,000	6.7	3.5
Electronic Equipment and Instruments	4	134,208,956	168,887,170	4.0	4.8
Financials	1	43,590,749	49,315,000	1.2	—
Health Care Equipment and Supplies	8	294,981,831	329,188,500	7.9	4.2
Health Care Providers and Services	2	345,490,148	459,505,000	11.0	6.8
Home Entertainment Software	4	137,095,075	147,070,189	3.5	3.4
IT Consulting and Other Services	2	259,324,520	217,896,000	5.2	10.6
Media	1	364	397	0.0	4.1
Retailing	1	76,511,045	67,870,000	1.6	—
Semiconductors and
Semiconductor Equipment	12	563,659,851	547,934,840	13.1	3.5
Systems Software	5	626,373,548	707,289,833	17.0	18.7
Total Common Stocks	59	3,692,824,537	4,109,250,532	98.4	89.7
Venture Capital Investments	56	68,545,999	24,379,516	0.6	0.6
Short-Term Holding and
Other Assets Less Liabilities	1	39,997,878	39,997,878	1.0	9.7
Net Assets	116	3,801,368,414	4,173,627,926	100.0	100.0

Largest Industries
December 31, 2003

Percent of Net Assets

8

Portfolio Overview

Largest Portfolio Changes
During Past Six Months

Largest Purchases	Largest Sales
Hewlett-Packard*	Cadence Design Systems**
InterActive*	SunGard Data Systems
INAMED*	Fair, Isaac**
Citrix Systems*	BMC Software
Advanced Micro Devices*	Charles River Laboratories International**
Intel*	Synopsys
Accenture (Class A)*	Clear Channel Communications**
Intersil (Class A)*	Symantec
Magma Design Automation*	McGraw-Hill**
Marvell Techololgy Group	CSG Systems International**

Largest portfolio changes from the previous period to the current period are based on cost of purchases and proceeds from sales of securities, listed in descending order.

* Position added during the period.
** Position eliminated during the period.
Largest Portfolio Holdings
December 31, 2003
Security	Value		Percent of Net Assets
Synopsys		$338,400,000	8.1
Laboratory Corporation of America Holdings		240,175,000	5.8
Symantec		221,037,833	5.3
Quest Diagnostics		219,330,000	5.3
Microsoft		206,362,500	4.9
Autodesk		199,086,804	4.8
Computer Associates International		177,710,000	4.3
Amdocs		157,360,000	3.8
Amkor Technology		125,683,500	3.0
SunGard Data Systems		124,695,000	3.0

9

Portfolio of Investments

December 31, 2003
	Shares		Value
Common Stocks 98.4%
Application Software 15.9%
Autodeskø	8,114,400	$	199,086,804
Hyperion Solutions*	600,000		18,051,000
Magma Design Automation*ø	2,500,000		58,350,000
PeopleSoft*	2,219,092		50,606,393
Synopsys*ø	10,000,000		338,400,000
			664,494,197
Biotechnology 0.8%
Invitrogen*	325,000		22,740,250
OraSure Technologies*	1,000,000		7,970,000
			30,710,250
Commercial Services and Supplies 0.8%
Corinthian Colleges*	600,000		33,339,000
Communications Equipment 2.7%
Avaya*	962,400		12,453,456
Cisco Systems*	2,750,000		66,825,000
Nokia (ADR) (Finland)	2,000,600		34,010,200
			113,288,656
Computers and Peripherals 7.0%
Electronics for Imaging*	1,000,000		26,135,000
Hewlett-Packard	4,250,000		97,622,500
Lexmark International (Class A)*	1,500,000		117,960,000
Seagate Technology*	2,700,000		51,030,000
			292,747,500
Data Processing and Outsourced Services 6.7%
Affiliated Computer Services (Class A)*	1,300,000		70,798,000
Computer Sciences*	650,000		28,749,500
First Data	1,350,000		55,471,500
SunGard Data Systems*	4,500,000		124,695,000
			279,714,000
Electronic Equipment and Instruments 4.0%
Amphenol (Class A)*	1,061,300		67,848,909
Itron*ø	1,850,000		34,086,250
Orbotech*ø (Israel)	2,200,000		52,646,000
Varian*	342,700		14,306,011
			168,887,170
Financials 1.2%
AmeriTrade Holding	3,500,000		49,315,000

See footnotes on page 12.

10

Portfolio of Investments

December 31, 2003
	Shares	Value
Health Care Equipment and Supplies 7.9%
Apogent Technologies*	1,700,000	$	39,168,000
Becton, Dickinson	1,600,000		65,824,000
Dade Behring Holdings*	200,000		7,138,000
Fisher Scientific International*	1,800,000		74,466,000
Guidant	200,000		12,040,000
INAMED*ø	1,500,000		72,112,500
St. Jude Medical*	400,000		24,540,000
STERIS*	1,500,000		33,900,000
			329,188,500
Health Care Providers and Services 11.0%
Laboratory Corporation of America Holdings*	6,500,000		240,175,000
Quest Diagnostics*	3,000,000		219,330,000
			459,505,000
Home Entertainment Software 3.5%
Activision*	1,500,000		27,285,000
Electronic Arts*	645,700		30,867,689
Take-Two Interactive Software*ø	2,500,000		72,012,500
THQ*ø	1,000,000		16,905,000
			147,070,189
IT Consulting and Other Services 5.2%
Accenture (Class A)*	2,300,000		60,536,000
Amdocs*	7,000,000		157,360,000
			217,896,000
Media
Hughes Electronics*	24		397
Retailing 1.6%
InterActive*	2,000,000		67,870,000
Semiconductors and Semiconductor Equipment 13.1%
Advanced Micro Devices*	4,250,000		63,325,000
Amkor Technology*ø	6,900,000		125,683,500
Conexant Systems*	5,000,000		24,950,000
Fairchild Semiconductor International*	750,000		18,727,500
Integrated Circuit Systems*	500,000		14,240,000
Intel	2,150,000		68,918,250
Intersil (Class A)	2,000,000		49,600,000
Marvell Technology Group*	2,000,000		75,710,000
National Semiconductor*	900,000		35,469,000

See footnotes on page 12.

11

Portfolio of Investments
December 31, 2003

	Shares or		Value
	Principal Amount
Semiconductors and Semiconductor Equipment (continued) 13.1%
Silicon Laboratories*	800,000	shs.	$	34,572,000
Taiwan Semiconductor Manufacturing* (Taiwan)	19,147,000			35,812,504
Tessera Technologies*	49,300			927,086
				547,934,840
Systems Software 17.0%
BMC Software*	2,750,000			51,287,500
Citrix Systems*	2,400,000			50,892,000
Computer Associates International	6,500,000			177,710,000
Microsoft	7,500,000			206,362,500
Symantec*	6,389,300			221,037,833
				707,289,833
Total Common Stocks (Cost $3,692,824,537)				4,109,250,532
Venture Capital Investment † (Cost $68,545,999) 0.6%				24,379,516
Repurchase Agreement 0.6%
State Street Bank & Trust, 0.72%, dated 12/31/03,
maturing 1/2/04 in the amount of $25,201,008,
collateralized by: $23,760,000 US Treasury Notes 5%,
2/15/11 with a fair market value of $25,957,800
(Cost $25,200,000)	$     25,200,000			25,200,000
Total Investments (Cost $3,786,570,536) 99.6%				4,158,830,048
Other Assets Less Liabilities0.4%				14,797,878
Net Assets 100.0%			$	4,173,627,926

*	Non-income producing security.
ø	Affiliated issuers (Fund’s holding representing 5% or more of the outstanding voting securities).
†	Restricted and non-income producing sec urities. (See Note 8.
ADR – American Depository Receipts. See Notes to Financial Statements.

12

Statement of Assets and Liabilities
December 31, 2003

Assets:
Investments, at value:
Common stocks* (cost $3,692,824,537)	4,109,250,532
Venture capital investments (cost $68,545,999)		24,379,516
Repurchase Agreement (cost $25,200,000)		25,200,000	4,158,830,048
Cash			13,700,307
Receivable for securities sold			30,619,657
Receivable for Capital Stock sold			3,536,462
Expenses prepaid to shareholder service agent			1,664,942
Receivable for dividends and interest			1,112,011
Other			133,102
Total Assets				4,209,596,529
Liabilities:
Payable for securities purchased				17,237,528
Payable for Capital Stock repurchased				13,120,797
Management fee payable				3,101,871
Distribution and service fees payable				2,095,192
Accrued expenses and other				413,215
Total Liabilities				35,968,603
Net Assets			$	4,173,627,926
Composition of Net Assets:
Capital Stock, at par ($0.10 par value; 1,000,000,000 shares authorized;
192,336,887 shares outstanding):
Class A			$	10,509,668
Class B				4,411,289
Class C				1,006,791
Class D				3,237,904
Class I				67,879
Class R				158
Additional paid-in capital				6,127,756,284
Accumulated net investment loss				(84,722	)
Accumulated net realized loss				(2,345,448,419	)
Net unrealized appreciation of investments				372,171,094
Net Assets			$	4,173,627,926
Net Asset Value Per Share:
Class A ($2,416,537,883 ÷ 105,096,686)				$  22.99
Class B ($887,662,489 ÷ 44,112,885)				$  20.12
Class C ($202,567,952 ÷ 10,067,907)				$  20.12
Class D ($651,056,989 ÷ 32,379,038)				$  20.11
Class I ($15,766,520 ÷ 678,794)				$  23.23
Class R ($36,093 ÷ 1,577)				$  22.89

*	Includes affiliated issuers (issuers in which the Fund’s holdings represent 5% or more of the outstanding voting securities) with a cost of $845,701,341 and a value of $969,282,554.
	See Notes to Financial Statements.

13

Statement of Operations
For the Year Ended December 31, 2003

Investment Income:
Dividends* (net of foreign taxes withheld of $82,655)	$	7,129,919
Interest		1,622,668
Total Investment Income		8,752,587
Expenses:
Management fee		32,627,231
Distribution and service fees		20,594,021
Shareholder account services		13,321,963
Custody and related services		999,046
Shareholder reports and communications		400,038
Registration		384,991
Auditing and legal fees		144,090
Directors’ fees and expenses		132,592
Miscellaneous		241,564
Total Expenses		68,845,536
Net Investment Loss		(60,092,949	)
Net Realized and Unrealized Gain (Loss) on Investments
and Foreign Currency Transactions:
Net realized loss on investments and foreign currency transactions**		(89,494,188	)
Net change in unrealized depreciation of investments		1,437,427,118
Net Gain on Investments		1,347,932,930
Increase in Net Assets from Operations	$	1,287,839,981

*	Includes dividends from affiliated issuers of $963,000.
**	Includes net realized losses from affiliated issuers of $174,171,079.

See Notes to Financial Statements.

14

Statements of Changes in Net Assets

	Year Ended December 31,
	2003			2002
Operations:
Net investment loss	$	(60,092,949	)	$	(75,974,024	)
Net realized loss on investments and foreign currency transactions		(89,494,188	)		(1,021,884,346	)
Net change in unrealized depreciation of investments		1,437,427,118			(1,151,082,293	)
Increase (Decrease) in Net Assets from Operations		1,287,839,981			(2,248,940,663	)
Capital Share Transactions:
Net proceeds from sales of shares		290,305,452			327,582,733
Exchanged from associated funds		853,069,103			311,248,413
Total		1,143,374,555			638,831,146
Cost of shares repurchased		(636,364,909	)		(992,196,845	)
Exchanged into associated funds		(908,394,269	)		(432,932,931	)
Total		(1,544,759,178	)		(1,425,129,776	)
Decrease in Net Assets from Capital Share Transactions		(401,384,623	)		(786,298,630	)
Increase (Decrease) in Net Assets		886,455,358			(3,035,239,293	)
Net Assets:
Beginning of year		3,287,172,568			6,322,411,861
End of Year (net of accumulated net investment loss of
$84,722 and $75,796, respectively)	$	4,173,627,926		$	3,287,172,568
See Notes to Financial Statements.

15

Notes to Financial Statements

1.	Multiple Classes of Shares — Seligman Communications and Information Fund, Inc. (the “Fund”) offers the following six classes of shares: Class A shares are sold with an initial sales charge of up to 4.75% and a continuing service fee of up to 0.25% on an annual basis. Class A shares purchased in an amount of $1,000,000 or more are sold without an initial sales charge but are subject to a contingent deferred sales charge (“CDSC”) of 1% on redemptions within 18 months of purchase. Class B shares are sold without an initial sales charge but are subject to a distribution fee of 0.75% and a service fee of up to 0.25% on an annual basis, and a CDSC, if applicable, of 5% on redemptions in the first year of purchase, declining to 1% in the sixth year and 0% thereafter. Class B shares will automatically convert to Class A shares approximately eight years after their date of purchase. Class C shares are sold primarily with an initial sales charge of up to 1% and a CDSC, if applicable, of 1% imposed on redemptions made within 18 months of purchase. Effective November 25, 2003, shares purchased through certain financial intermediaries may be bought without an initial sales charge and with a 1% CDSC on redemptions made within 12 months of purchase. All Class C shares are subject to a distribution fee of up to 0.75% and a service fee of up to 0.25% on an annual basis. Class D shares are sold without an initial sales charge but are subject to a distribution fee of up to 0.75% and a service fee of up to 0.25% on an annual basis, and a CDSC, if applicable, of 1% imposed on redemptions made within one year of purchase. Class I shares are offered to certain institutional clients. Class I shares are sold without any sales charges and are not subject to distribution and service fees. Class R shares became effective on April 30, 2003. Class R shares are offered to certain employee benefit plans and are not available to all investors. They are sold without an initial sales charge, but are subject to a distribution fee of up to 0.25% and a service fee of up to 0.25% on an annual basis, and a CDSC, if applicable, of 1% on certain redemptions made within one year of a plan’s initial purchase of Class R shares. All classes of shares represent interests in the same portfolio of investments, have the same rights and are generally identical in all respects except that each class bears its own class-specific expenses, and has exclusive voting rights with respect to any matter on which a separate vote of any class is required.
2.	Significant Accounting Policies — The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which require management to make certain estimates and assumptions at the date of the financial statements. Actual results may differ from these estimates. The following summarizes the significant accounting policies of the Fund:
	a.	Security Valuation — Investments in convertible securities and common stocks are valued at current market values or, in their absence, at fair values determined in accordance with procedures approved by the Board of Directors. Securities traded on an exchange are valued at last sales prices or, in their absence and in the case of over-the-counter securities, at the mean of bid and asked prices. Short-term holdings maturing in 60 days or less are valued at amortized cost.
	b.	Foreign Currency Transactions — The books and records of the Fund are maintained in US dollars. The market value of investment securities, other assets and liabilities denominated in foreign currencies are translated into US dollars at the daily rate of exchange as reported by a pricing service. Purchases and sales of investment securities, income, and expenses are translated into US dollars at the rate of exchange prevailing on the respective dates of such transactions.

16

Notes to Financial Statements

	The Fund does not isolate that portion of the results of operations resulting from changes in the foreign exchange rates from the fluctuations arising from changes in the market prices of securities held in the portfolio. Such fluctuations are included with the net realized and unrealized gain or loss from investments.
c.	Federal Taxes — There is no provision for federal income tax. The Fund has elected to be taxed as a regulated investment company and intends to distribute substantially all taxable net income and net gain realized.
d.	Security Transactions and Related Investment Income — Investment transactions are recorded on trade dates. Identified cost of investments sold is used for both financial reporting and federal income tax purposes. Dividends receivable and payable are recorded on ex-dividend dates. Interest income is recorded on an accrual basis.
e.	Options — The Fund is authorized to write and purchase put and call options. When the Fund writes an option, an amount equal to the premium received by the Fund is reflected as an asset and an equivalent liability. The amount of the liability is subsequently marked to market to reflect the current market value of the option written. When a security is purchased or sold through an exercise of an option, the related premium paid (or received) is added to (or deducted from) the basis of the security acquired or deducted from (or added to) the proceeds of the security sold. When an option expires (or the Fund enters into a closing transaction), the Fund realizes a gain or loss on the option to the extent of the premiums received or paid (or gain or loss to the extent the cost of the closing transaction exceeds the premium paid or received). The Fund, as writer of an option, bears the market risk of an unfavorable change in the price of the security underlying the written option. Gains or losses from options written are included in net realized and unrealized gain or loss on investments and foreign currency transactions. Written and purchased options are non-income producing investments.
f.	Repurchase Agreements — The Fund may enter into repurchase agreements with commercial banks and with broker/dealers deemed to be creditworthy by J. & W. Seligman & Co. Incorporated (the “Manager”). Securities received as collateral subject to repurchase agreements are deposited with the Fund’s custodian and, pursuant to the terms of the repurchase agreements, must have an aggregate market value greater than or equal to the repurchase price plus accrued interest at all times. Procedures have been established to monitor, on a daily basis, the market value of repurchase agreements’ underlying securities to ensure the existence of the proper level of collateral.
g.	Multiple Class Allocations — All income, expenses (other than class-specific expenses), and realized and unrealized gains or losses are allocated daily to each class of shares based upon the relative value of shares of each class. Class-specific expenses, which include distribution and service fees and any other items that are specifically attributable to a particular class, are charged directly to such class. For the year ended December 31, 2003, distribution and service fees, shareholder account services and registration expenses were class-specific expenses.
h.	Distributions to Shareholders — The treatment for financial reporting purposes of distributions made to shareholders during the year from net investment income or net realized gains may differ from their ultimate treatment for federal income tax purposes. These differences are caused primarily by differences in the timing of the recognition of certain components of income, expense, or realized capital gain for federal income tax purposes. Where such differences are permanent in nature, they are reclassified in the components of net assets based on their ultimate characterization for federal income tax purposes. Any such reclassification will have no effect on net assets, results of operations, or net asset values per share of the Fund.

17

Notes to Financial Statements

3.

Purchases and Sales of Securities — Purchases and sales of portfolio securities, excluding options and short-term investments, for the year ended December 31, 2003, amounted to $3,730,947,182 and $3,912,946,629, respectively. The Fund wrote call options for 319,000 shares for premiums of $594,743 during the year ended December 31, 2003, all of which had expired by December 31, 2003. At December 31, 2003, the cost of investments for federal income tax purposes was $3,802,775,780. The tax basis cost was greater than the cost for financial reporting purposes due to the tax deferral of losses on wash sales in the amount of $16,205,244. The tax basis gross unrealized appreciation and depreciation of portfolio securities were $650,577,488 and $294,523,220, respectively.

4.

Management Fee, Distribution Services, and Other Transactions — The Manager manages the affairs of the Fund and provides the necessary personnel and facilities. Compensation of all officers of the Fund, all directors of the Fund who are employees of the Manager, and all personnel of the Fund and the Manager is paid by the Manager. The Manager receives a fee, calculated daily and payable monthly, equal to 0.90% per annum of the first $3 billion of the Fund’s average daily net assets, 0.85% per annum of the next $3 billion of the Fund’s average daily net assets, and 0.75% per annum of the Fund’s average daily net assets in excess of $6 billion. The management fee reflected in the Statement of Operations represents 0.89% per annum of the Fund’s average daily net assets. Seligman Advisors, Inc. (the “Distributor”), agent for the distribution of the Fund’s shares and an affiliate of the Manager, received concessions of $186,933 from sales of Class A shares. Commissions of $1,510,934 and $218,389 were paid to dealers from sales of Class A and Class C shares, respectively. The Fund has an Administration, Shareholder Services and Distribution Plan (the “Plan”) with respect to distribution of its shares. Under the Plan, with respect to Class A shares, service organizations can enter into agreements with the Distributor and receive a continuing fee of up to 0.25% on an annual basis, payable monthly, of the average daily net assets of the Class A shares attributable to the particular service organizations for providing personal services and/or the maintenance of shareholder accounts. The Distributor charges such fees to the Fund pursuant to the Plan. For the year ended December 31, 2003, fees incurred under the Plan aggregated $5,223,355, or 0.25% per annum of the average daily net assets of Class A shares. Under the Plan, with respect to Class B shares, Class C shares, Class D shares, and Class R shares, service organizations can enter into agreements with the Distributor and receive a continuing fee for providing personal services and/or the maintenance of shareholder accounts of up to 0.25% on an annual basis of the average daily net assets of the Class B, Class C, Class D and Class R shares for which the organizations are responsible; and, for Class C and Class D shares, fees for providing other distribution assistance of up to 0.75% (0.25%, in the case of Class R shares) on an annual basis of such average daily net assets. Such fees are paid monthly by the Fund to the Distributor pursuant to the Plan. With respect to Class B shares, a distribution fee of 0.75% on an annual basis of average daily net assets is payable monthly by the Fund to the Distributor; however, the Distributor has sold its rights to this fee with respect to a substantial portion of Class B shares to third parties (the “Purchasers”), which provide funding to the Distributor to enable it to pay commissions to dealers at the time of the sale of the related Class B shares.

18

Notes to Financial Statements

For the year ended December 31, 2003, fees incurred under the Plan, equivalent to 1% per annum of the average daily net assets of Class B, Class C, and Class D shares, amounted to $7,840,471, $1,741,766, and $5,788,060, respectively. For the period April 30, 2003 to December 31, 2003, fees incurred in respect of Class R shares were $369, equivalent to 0.50% per annum of average daily net assets.

The Distributor is entitled to retain any CDSC imposed on certain redemptions of Class A, Class C, Class D and Class R shares occurring within 18 months of purchase and on redemptions of Class D shares occurring within one year of purchase. For the year ended December 31, 2003, such charges amounted to $89,334.

The Distributor has sold its rights to collect any CDSC imposed on redemptions of Class B shares to the Purchasers. In connection with the sale of its rights to collect any CDSC and the distribution fees with respect to Class B shares described above, the Distributor receives payments from the Purchasers based on the value of Class B shares sold. The aggregate of such payments and distribution fees retained by the Distributor, for the year ended December 31, 2003, amounted to $160,255.

Seligman Services, Inc., an affiliate of the Manager, is eligible to receive commissions from certain sales of shares of the Fund, as well as distribution and service fees pursuant to the Plan. For the year ended December 31, 2003, Seligman Services, Inc. received commissions of $47,860 from the sales of shares of the Fund. Seligman Services, Inc. also received distribution and service fees of $585,428, pursuant to the Plan.

Seligman Data Corp., which is owned by certain associated investment companies, charged the Fund at cost $13,321,963 for shareholder account services in accordance with a methodology approved by the Fund’s directors. Class I shares receive more limited shareholder services than the Fund’s other classes of shares (the “Retail Classes”). Seligman Data Corp. does not allocate to Class I the costs of any of its departments that do not provide services to the Class I shareholders.

Costs of Seligman Data Corp. directly attributable to the Retail Classes of the Fund were charged to those classes in proportion to their respective net asset values. Costs directly attributable to Class I shares were charged to Class I. The remaining charges were allocated to the Retail Classes and Class I by Seligman Data Corp. pursuant to a formula based on their net assets, shareholder transaction volumes and number of shareholder accounts.

The Fund and certain other associated investment companies (together, the “Guarantors”) have severally but not jointly guaranteed the performance and observance of all the terms and conditions of two leases entered into by Seligman Data Corp., including the payment of rent by Seligman Data Corp. (the “Guaranties”). The leases and the Guaranties expire in September 2008 and January 2009. The obligation of the Fund to pay any amount due under either Guaranty is limited to a specified percentage of the full amount, which generally is based on the Fund’s percentage of the expenses billed by Seligman Data Corp. to all Guarantors in the preceding calendar quarter. As of December 31, 2003, the Fund’s potential obligation under the Guaranties is $3,282,300. As of December 31, 2003, no event has occurred which would result in the Fund becoming liable to make any payment under a Guaranty. A portion of rent paid by Seligman Data Corp. is charged to the Fund as part of Seligman Data Corp.’s shareholder account services cost.

Certain officers and directors of the Fund are officers or directors of the Manager, the Distributor, Seligman Services, Inc., and/or Seligman Data Corp.

The Fund has a compensation arrangement under which directors who receive fees may elect to defer receiving such fees. Directors may elect to have their deferred fees accrue interest or earn a return based on the performance of the Fund or other funds in the Seligman Group of Investment Companies. The cost of such fees and earnings/loss accrued thereon is included in directors’ fees and expenses, and the

19

Notes to Financial Statements

	accumulated balance thereof at December 31, 2003, of $84,722 is included in accrued expenses and other liabilities. Deferred fees and related accrued earnings are not deductible by the Fund for federal income tax purposes until such amounts are paid.
5.	Committed Line of Credit — Effective January 16, 2004, the Fund is a participant in a joint $445 million committed line of credit that is shared by substantially all funds in the Seligman Group of Investment Companies. At December 31, 2003, the committed line of credit was $420 million. The directors have currently limited the Fund’s borrowings to 10% of its net assets. Borrowings pursuant to the credit facility are subject to interest at a rate equal to the overnight federal funds rate plus 0.50%. The Fund incurs a commitment fee of 0.10% per annum on its share of the unused portion of the credit facility. The credit facility may be drawn upon only for temporary purposes and is subject to certain other customary restrictions. The credit facility commitment expires in June 2004, but is renewable annually with the consent of the participating banks. For the year ended December 31, 2003, the Fund did not borrow from the credit facility.
6.	Capital Loss Carryforward and Other Tax Adjustments — At December 31, 2003, the Fund had a capital loss carryforward for federal income tax purposes of $2,318,752,155, which is available for offset against future taxable net capital gains, with $1,169,630,632 expiring in 2009, $932,178,657 expiring in 2010 and $216,948,484 expiring in 2011. The amount was determined after adjustments for certain differences between financial reporting and tax purposes, such as wash sale losses. Accordingly, no capital gain distributions are expected to be paid to shareholders until net capital gains have been realized in excess of the available capital loss carryforward.
7.	Capital Share Transactions — The Fund has authorized 1,000,000,000 shares of $0.10 par value Capital Stock. Transactions in shares of Capital Stock were as follows:

	Year Ended December 31,
	2003					2002
Class A	Shares			Amount		Shares		Amount
Net proceeds from sales of shares	11,637,579			$216,443,611		10,004,881		$ 200,327,417
Exchanged from associated funds	36,627,077			637,465,202		3,414,142		70,278,107
Total	48,264,656			853,908,813		13,419,023		270,605,524
Cost of shares repurchased	(19,966,565	)		(377,131,167	)	(30,721,450	)	(587,558,260	)
Exchanged into associated funds	(39,254,111	)		(686,369,039	)	(6,327,427	)	(119,573,835	)
Transferred to Class I	—			—		(507,042	)	(10,992,664	)
Total	(59,220,676	)	(1,063,500,206		)	(37,555,919	)	(718,124,759	)
Decrease	(10,956,020	)		$(209,591,393	)	(24,136,896	)	$(447,519,235	)
Class B	Shares			Amount		Shares		Amount
Net proceeds from sales of shares	1,712,518			$28,585,690		3,117,225		$57,407,975
Exchanged from associated funds	846,644			14,478,957		1,084,471		18,929,776
Total	2,559,162			43,064,647		4,201,696		76,337,751
Cost of shares repurchased	(7,595,852	)		(125,645,740	)	(11,775,103	)	(195,386,447	)
Exchanged into associated funds	(1,350,777	)		(21,136,640	)	(4,228,951	)	(67,571,298	)
Total	(8,946,629	)		(146,782,380	)	(16,004,054	)	(262,957,745	)
Decrease	(6,387,467	)		$(103,717,733	)	(11,802,358	)	$(186,619,994	)

20

Notes to Financial Statements

	Year Ended December 31,
	2003				2002
Class C	Shares		Amount		Shares		Amount
Net proceeds from sales of shares	1,342,731		$ 23,132,514		2,065,228		$38,347,530
Exchanged from associated funds	252,396		4,258,991		402,214		6,763,582
Total	1,595,127		27,391,505		2,467,442		45,111,112
Cost of shares repurchased	(2,109,884	)	(35,183,093	)	(3,063,582	)	(50,170,940	)
Exchanged into associated funds	(286,511	)	(4,704,126	)	(825,819	)	(12,809,760	)
Total	(2,396,395	)	(39,887,219	)	(3,889,401	)	(62,980,700	)
Decrease	(801,268	)	$(12,495,714	)	(1,421,959	)	$(17,869,588	)
Class D	Shares		Amount		Shares		Amount
Net proceeds from sales of shares	1,081,599		$18,272,289		1,508,640		$  27,266,597
Exchanged from associated funds	13,843,728		196,865,953		14,836,564		215,276,948
Total	14,925,327		215,138,242		16,345,204		242,543,545
Cost of shares repurchased	(5,806,808	)	(96,044,754	)	(9,494,242	)	(156,742,272	)
Exchanged into associated funds	(13,779,926	)	(196,184,464	)	(15,908,677	)	(232,978,038	)
Total	(19,586,734	)	(292,229,218	)	(25,402,919	)	(389,720,310	)
Decrease	(4,661,407	)	$(77,090,976	)	(9,057,715	)	$(147,176,765	)
Class I	Shares		Amount		Shares		Amount
Net proceeds from sales of shares	182,495		$3,458,578		227,294		$ 4,233,214
Transferred from Class A	—		—		507,042		10,992,664
Total	182,495		3,458,578		734,336		15,225,878
Cost of shares repurchased	(107,279	)	(1,960,425	)	(134,889	)	(2,338,926	)
Increase	75,216		$1,498,153		599,447		$12,886,952
	April 30, 2003* to
	December 31, 2003
Class R	Shares		Amount
Net proceeds from sales of shares	21,600		$ 412,770
Cost of shares repurchased	(20,023	)	(399,730	)
Increase	1,577		$    3,040
*Commencement of offering of shares.

21

Notes to Financial Statements

8. Restricted Securities — At December 31, 2003, the Fund owned investments that were purchased through private offerings and cannot be sold without prior registration under the Securities Act of 1933 or pursuant to an exemption therefrom. In addition, the Fund has agreed to further restrictions on the disposition of its shares as set forth in various agreements entered into in connection with the purchase of these investments. These investments are valued at fair value as determined in accordance with procedures approved by the Board of Directors of the Fund. The acquisition dates of these investments, along with their cost and values at December 31, 2003, are as follows:

Venture Capital Investments	Acquisition Dates	Shares	Cost		Value
Convertible Preferred Stocks:
Bernard Technologies (Series D)	11/8/99	363,636	$	1,001,774	$	—
Catena Networks (Series D)	1/22/02	1,369,774		1,653,198		1,178,006
Chorum Technologies (Series D)	11/10/99	214,506		1,001,274		60,062
Chorum Technologies (Series E)	9/8/00	58,005		1,000,006		18,562
Chorum Technologies (Series F)	9/21/01	13,392		21,159		3,750
Coventor (Series F)	5/25/01	10,799		12,420		2,484
ePolicy.com (Series B)	5/2/00	562,114		2,000,002		275,436
FlashPoint Technology (Series E)	9/10/99	246,914		1,000,844		185,186
Gateway Learning (Series D)	3/22/00	450,450		1,999,998		702,702
Geographic Network Affiliates International
(Series A)	12/29/99	20,000		2,000,000		—
Geographic Network Affiliates International
(Series B)	12/5/01	100,000		—		—
Global Commerce Systems (Series A)	4/6/00	952		16,360		5
Global Commerce Systems (Series D)	4/6/00	613,720		2,986,283		2,946
GMP Companies (Series A)	9/15/99	200,000		1,002,743		5,920,000
GMP Companies (Series B)	4/3/00	111,111		1,999,998		3,519,996
GMP Companies (Series C)	6/3/02	15,969		542,946		546,779
GoSolutions (warrants) (Series A)	5/24/01	118,302		30,000		50,870
Homegain.com (Series C)	12/29/99	200,000		2,000,000		252,000
iBiquity Digital (Series A)	1/19/00	107,875		1,001,189		312,837
iBiquity Digital (Series C)	4/24/02	128,532		394,594		298,194
Index Stock Imagery (Series A Jr.)	3/20/00	198,320		1,001,632		83,294
Juniper Financial (Series B)†	8/30/00	295,313		1,972,480		—
LifeMasters Supported SelfCare (Series E)	1/31/00	129,194		1,033,555		639,512
LifeMasters Supported SelfCare (Series F)	11/12/02	4,528		50,004		23,591
MaMaMedia (Series D)	8/6/99	185,185		1,001,577		—
NeoPlanet (Series B)	2/18/00	166,528		2,000,001		56,619
Nextest Systems (Series B)	11/27/01	1,026,718		2,570,481		2,125,306
NSI Software (Series B)	4/14/00 to 1/13/02	253,333		2,144,315		428,132
OurHouse (Series D)	2/11/00	333,334		2,000,004		16,667
ProAct Technologies (Series C)	3/23/00	500,000		2,001,249		135,000
Sensable Technologies (Series C)	4/5/00	301,205		1,000,001		123,494
Studio Systems (Series D)	7/10/00	1,333,333		1,000,000		—
†  Warrants attached.

 

22

Notes to Financial Statements

		Shares or
		Principal
Venture Capital Investments (continued)	Acquisition Dates	Amount			Cost	Value
Convertible Preferred Stocks: (continued)
Techies.com (Series C)	1/27/00		235,294.	shs	$1,999,999	$	—
The Petroleum Place (Series C)	3/7/00		16,915		1,000,015		283,495
Total Convertible Preferred Stocks:					42,440,101		17,244,925
Common Stocks:
Access Data (Class A)	3/29/00		606,061		1,000,001		121,212
ART Advanced Recognition Technologies
(Series D)	12/6/99		40,000		1,001,724		5,840
Arzoon	4/11/00		2,252		1,000,369		2,004
Coventor	3/8/00 to 5/25/01		942,320		1,083,580		113,078
DecisionPoint Applications	4/20/00		153,846		1,000,629		11,077
Entegrity Solutions	2/16/00 to 4/25/02		18,802		1,011,147		—
etang.com	1/6/00		22,613		—		3,166
GoSolutions	4/3/00 to 3/19/01		174,694		2,087,394		38,433
Interactive Video Technologies	12/23/99		12,956		1,000,001		9,782
Juniper Financial	8/30/00		6,760		30,062		—
Moai Technologies	1/25/00		41,511		1,999,993		—
NSI Software	4/14/00		11,844		45,685		4,027
PeopleSoft	3/6/00		67		17,306		—
Qpass	5/2/00 to 5/11/01		38,279		2,160,000		15,694
Silicon Wave	12/6/99		250,000		1,000,623		43,750
Sun Hill Software	8/4/00 to 11/2/99		143,101		1,202,091		—
Viisage	9/9/03		1,787,378		6,757,230		5,507,358
WorldRes.com	3/18/99 to 11/9/99		494,661		3,112,372		979,430
Total Common Stocks and Warrants:					25,510,207		6,854,851
Convertible Promissory Notes:
Geographic Network Affiliates International
9%, Payable on demand†	12/5/01 to 3/12/02	$	352,000		320,015		185,600
Techies.com 9%, payable on demand†	6/7/00		488,592		244,296		—
Sensable Technologies 8% 12/30/05	12/30/03		31,380		31,380		94,140
Total Convertible Promissory Notes:					595,691		279,740
Total Venture Capital Investments					$68,545,999	$	24,379,516
† Warrants attached.

23

Notes to Financial Statements

9. Affiliated Issuers — As defined under the Investment Company Act of 1940, as amended, affiliated issuers are those issuers in which the Fund’s holdings of an issuer represent 5% or more of the outstanding voting securities of the issuer. A summary of the Fund’s transactions in the securities of these issuers during the year ended December 31, 2003, is as follows:

		Gross	Gross		Realized
	Beginning	Purchases	Sales and	Ending	Gain			Dividend		Ending
Affiliate	Shares	and Additions	Reductions	Shares	(Loss)			Income		Value
Amkor Technology	9,059,500	560,000	2,719,500	6,900,000	$	22,592,135			—	$	125,683,500
Autodesk	7,340,000	3,450,000	2,675,600	8,114,400		790,475		$	963,000		199,086,804
CSG Systems
International	5,000,000	—	5,000,000	—		(155,706,279	)		—		—
HealtheTech	1,100,000	—	1,100,000	—		(7,169,457	)		—		—
INAMED**	—	1,658,500	158,500	1,500,000		2,086,113			—		72,112,500
Itron	750,000	1,265,700	165,700	1,850,000		(613,985	)		—		34,086,250
Magma Design
Automation	91,200	2,500,000	91,200	2,500,000		(309,633	)		—		58,350,000
Orbotech	2,640,500	—	440,500	2,200,000		2,134,496			—		52,646,000
Synopsys*	6,500,000	5,096,800	1,596,800	10,000,000		27,362,508			—		338,400,000
Take-Two
Interactive Software	1,200,000	2,662,800	1,362,800	2,500,000		12,159,607			—		72,012,500
THQ	3,935,000	962,800	3,897,800	1,000,000		(78,399,579	)		—		16,905,000
Verisity	700,000	721,100	1,421,100	—		902,520			—		—
Total					$	(174,171,079	)	$	963,000	$	969,282,554

*	Includes 5,096,800 shares from a 2-for-1 stock split on 9/24/03
**	Includes 350,000 shares from a 3-for-2 stock split on 12/16/03

9. 10. Other Matters — The Manager has been conducting an extensive internal review in response to recent developments regarding disruptive or illegal trading practices within the mutual fund industry. The Manager’s review noted one market timing relationship that was in the process of being closed down by the Manager before the first proceedings relating to trading practices within the mutual fund industry were publicly announced in September 2003. Additionally, the Manager identified three other market timing arrangements, all of which had been terminated, the most recent in September 2002. The Manager is confident that any financial impact of these arrangements on any Seligman Fund was minimal. The Securities and Exchange Commission (the “SEC”) and the Attorney General of the State of New York also are reviewing these matters. In connection with the Manager’s internal review, the Manager has also reviewed its practice of placing some of the Seligman Equity Funds’ orders to buy and sell portfolio securities with brokerage firms in recognition of their sales of Seligman Funds. This is a common practice and permissible when done properly. Although the Manager believes that the execution of all such orders was consistent with its best execution obligations, the Manager may have violated applicable requirements for certain of such orders as a result of compensation arrangements that the Distributor had with certain brokerage firms. The Manager is confident that the Seligman Equity Funds did not pay higher brokerage commissions than they would otherwise have paid for comparable transactions. The Manager is also responding to information requests from the SEC relating to the Manager’s use of revenue sharing and fund portfolio brokerage commissions. The Independent Directors of the Board of the Fund have been reviewing, and will continue to review, the foregoing matters. If the Fund has incurred financial harm as a result of violations of law or internal policies by the Manager or its personnel, the Manager will make restitution to the Fund.

24

Financial Highlights

The tables below are intended to help you understand each Class’s financial performance for the past five years or from its inception if less than five years. Certain information reflects financial results for a single share of a Class that was held throughout the periods shown. Per share amounts are calculated using average shares outstanding. “Total return” shows the rate that you would have earned (or lost) on an investment in each Class, assuming you reinvested all your capital gain distributions. Total returns do not reflect any sales charges or taxes and are not annualized for periods of less than one year.

CLASS A
					Year Ended December 31,
		2003			2002			2001			2000			1999
Per Share Data:
Net Asset Value, Beginning of Year		$16.16			$25.56			$25.30			$47.25			$30.73
Income (Loss) from Investment
Operations:
Net investment loss		(0.25	)		(0.27	)		(0.28	)		(0.44	)		(0.38	)
Net realized and unrealized gain (loss)
on investments		7.08			(9.13	)		1.10			(15.82	)		22.45
Total from Investment Operations		6.83			(9.40	)		0.82		(16.26		)		22.07
Less Distributions:
Distributions from net realized capital gain		—			—			(0.56	)		(5.69	)		(5.55	)
Total Distributions		—			—			(0.56	)		(5.69	)		(5.55	)
Net Asset Value, End of Year		$22.99			$16.16			$25.56			$25.30			$47.25
Total Return:		42.26	%	(36.78		)%		3.58	%	(37.50		)%		74.51	%
Ratios/Supplemental Data:
Net assets, end of year (000s omitted)		$2,416,538			$1,875,512			$3,582,757			$3,817,360			$6,454,961
Ratio of expenses to average net assets		1.57	%		1.59	%		1.44	%		1.31	%		1.39	%
Ratio of net investment loss to
average net assets		(1.33	)%		(1.39	)%		(1.11	)%		(1.01	)%		(1.09	)%
Portfolio turnover rate	105.97		%		89.61	%	122.83		%	106.93		%	119.23		%
See footnotes on page 29.

25

Financial Highlights

CLASS B
				Year Ended December 31,
	2003			2002				2001			2000			1999
Per Share Data:
Net Asset Value, Beginning of Year		$14.25		$22.71				$22.72			$43.41			$28.75
Income (Loss) from Investment
Operations:
Net investment loss		(0.35	)		(0.37	)		(0.43	)		(0.70	)		(0.60	)
Net realized and unrealized gain (loss)
on investments		6.22			(8.09	)		0.98			(14.30	)		20.81
Total from Investment Operations		5.87			(8.46	)		0.55		(15.00		)		20.21
Less Distributions:
Distributions from net realized capital gain		—			—			(0.56	)		(5.69	)		(5.55	)
Total Distributions		—			—			(0.56	)		(5.69	)		(5.55	)
Net Asset Value, End of Year		$20.12			$14.25			$22.71			$22.72			$43.41
Total Return:		41.19	%	(37.25		)%		2.79	%	(37.93		)%		73.16	%
Ratios/Supplemental Data:
Net assets, end of year (000s omitted)		$887,662			$719,591			$1,414,602			$1,515,992			$2,143,570
Ratio of expenses to average net assets		2.32	%		2.34	%		2.19	%		2.06	%		2.14	%
Ratio of net investment loss to
average net assets		(2.08	)%		(2.14	)%		(1.86	)%		(1.76	)%		(1.84	)%
Portfolio turnover rate	105.97		%		89.61	%	122.83		%	106.93		%	119.23		%
See footnotes on page 29.

26

Financial Highlights

CLASS C
				Year Ended December 31,
													5/27/99 * to
	2003			2002			2001			2000			12/31/99
Per Share Data:
Net Asset Value, Beginning of Period		$14.25			$22.70			$22.71			$43.39			$29.39
Income (Loss) from Investment Operations:
Net investment loss		(0.35	)		(0.37	)		(0.43	)		(0.70	)		(0.32	)
Net realized and unrealized gain (loss)
on investments		6.22			(8.08	)		0.98		(14.29		)		19.87
Total from Investment Operations		5.87			(8.45	)		0.55		(14.99		)		19.55
Less Distributions:
Distributions from net realized capital gain		—			—			(0.56	)		(5.69	)		(5.55	)
Total Distributions		—			—			(0.56	)		(5.69	)		(5.55	)
Net Asset Value, End of Period		$20.12			$14.25			$22.70			$22.71			$43.39
Total Return:		41.19	%	(37.22		)%		2.79	%	(37.92		)%		69.33	%
Ratios/Supplemental Data:
Net assets, end of period (000s omitted)		$202,568			$154,859			$279,024			$235,243			$120,403
Ratio of expenses to
average net assets		2.32	%		2.34	%		2.19	%		2.06	%		2.07	%†
Ratio of net investment loss to
average net assets		(2.08	)%		(2.14	)%	(1.86		)%	(1.76		)%	(1.77		)%†
Portfolio turnover rate	105.97		%		89.61	%	122.83		%	106.93		%	119.23		%††
See footnotes on page 29.

27

Financial Highlights

CLASS D
				Year Ended December 31,
	2003			2002				2001			2000			1999
Per Share Data:
Net Asset Value, Beginning of Year		$14.24			$22.69			$22.70			$43.38			$28.72
Income (Loss) from Investment
Operations:
Net investment loss		(0.35	)		(0.37	)		(0.43	)		(0.70	)		(0.60	)
Net realized and unrealized gain (loss)
on investments		6.22			(8.08	)		0.98			(14.29	)		20.81
Total from Investment Operations		5.87			(8.45	)		0.55		(14.99		)		20.21
Less Distributions:
Distributions from net realized capital gain		—			—			(0.56	)		(5.69	)		(5.55	)
Total Distributions		—			—			(0.56	)		(5.69	)		(5.55	)
Net Asset Value, End of Year		$20.11			$14.24			$22.69			$22.70			$43.38
Total Return:		41.22	%	(37.24		)%		2.79	%	(37.93		)%		73.24	%
Ratios/Supplemental Data:
Net assets, end of year (000s omitted)		$651,057			$527,412		$1,045,924				$1,157,210			$1,987,773
Ratio of expenses to average net assets		2.32	%		2.34	%		2.19	%		2.06	%		2.14	%
Ratio of net investment loss to
average net assets		(2.08	)%		(2.14	)%		(1.86	)%		(1.76	)%		(1.84	)%
Portfolio turnover rate	105.97		%		89.61	%	122.83		%	106.93		%	119.23		%
See footnotes on page 29.

28

Financial Highlights

CLASS I												CLASS R
	Year Ended December 31,							11/30/01*				4/30/03
								to				to
	2003			2002				12/31/01				12/31/03
Per Share Data:
Net Asset Value, Beginning of Period		$16.23				$25.56				$24.42			$17.30
Income (Loss) from Investment
Operations:
Net investment loss		(0.16	)			(0.17	)		(0.01		)		(0.21)
Net realized and unrealized gain (loss)
on investments		7.16			(9.16		)		1.15				5.80
Total from Investment Operations		7.00			(9.33		)		1.14				5.59
Net Asset Value, End of Period		$23.23				$16.23			$25.56				$22.89
Total Return:		43.13	%	(36.50			)%		4.67		%		32.31	%
Ratios/Supplemental Data:
Net assets, end of period (000s omitted)		$15,767				$9,798				$106			$36
Ratio of expenses to average net assets		1.05	%		1.11		%		0.93		%†		1.79	%
Ratio of net investment loss to
average net assets	(0.82		)%		(0.91		)%		(0.67		)%†		(1.56	)%
Portfolio turnover rate	105.97		%		89.61		%	122.83			%ø	105.97		%øø
Without expense reimbursement:**
Ratio of expenses to average net assets					1.12		%		1.50		%†
Ratio of net investment loss to
average net assets					(0.92		)%		(1.25		)%†

*	Commencement of offering of shares.
**	The Manager, at its discretion, reimbursed certain expenses of Class I shares.
†	Annualized.
††	For the year ended December 31, 1999.
ø	For the year ended December 31, 2001.
øø	For the year ended December 31, 2003.

See Notes to Financial Statements.

29

Report of Independent Auditors

The Board of Directors and Shareholders,
Seligman Communications and Information Fund, Inc.:

We have audited the accompanying statement of assets and liabilities of Seligman Communications and Information Fund, Inc. (the “Fund”), including the portfolio of investments, as of December 31, 2003, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the periods presented. These financial statements and financial highlights are the responsibility of the Fund’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2003, by correspondence with the Fund’s custodian and brokers; where replies were not received from brokers, we performed other auditing procedures. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Seligman Communications and Information Fund, Inc. as of December 31, 2003, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the periods presented, in conformity with accounting principles generally accepted in the United States of America.

DELOITTE & TOUCHE LLP
New York, New York
February 20, 2004

30

Directors and Officers
Information pertaining to the Directors and Officers of Seligman Communications and Information Fund is se tforth below.
Independent Directors
Name, (Age), Position(s) held with Fundø	Principal Occupation(s) During Past Five Years, Directorships and Other Information
Robert B. Catell (66)3,4 • Director: May 2003 to Date • Oversees 60 Portfolios in Fund Complex	Chairman and Chief Executive Officer of KeySpan Corporation (diversified energy, gas and electrical company); Director or Trustee of each of the investment companies of the Seligman Group of Funds† (except Seligman Cash Management Fund, Inc.); Director, Alberta Northeast Gas,Ltd., Boundary Gas Inc., Taylor Gas Liquids, Ltd., and The Houston Exploration Company (oil and gas exploration, development and production companies); Edison Electric Institute, New York State Energy Research and Development Authority, Independence Community Bank, Business Council of New York State, Inc., New York City Partnership, and the Long Island Association (business and civic organizations).
John R. Galvin (74)2,4 • Director: 1995 to Date • Oversees 61 Portfolios in Fund Complex	Dean Emeritus, Fletcher School of Law and Diplomacy at Tufts University; Director or Trustee of each of the investment companies of the Seligman Group of Funds†; and Chairman Emeritus, American Council on Germany. Formerly, Governor of the Center for Creative Leadership; Director, Raytheon Co. (defense and commercial electronics) and US LIFE Corporation (life insurance). From June 1987 to June 1992, Mr. Galvin was the Supreme Allied Commander, Europe and the Commander-in-Chief, United States European Command.
Alice S. Ilchman (68)3,4 • Director: 1991 to Date • Oversees 61 Portfolios in Fund Complex	President Emerita, Sarah Lawrence College; Director or Trustee of each ofthe investment companies of the Seligman Group of Funds†; Director, Jeannette K. Watson Summer Fellowships (summer internships for college students); Trustee, Save the Children (non-profit child-assistance organization) and the Committee for Economic Development; a Governor of the Court of Governors, London School of Economics; and Director, Public Broadcasting Service (PBS). Formerly, Chairman, The Rockefeller Foundation (charitable foundation) and Director, New York Telephone Company.
Frank A. McPherson (70)3,4 • Director: 1995 to Date • Oversees 61 Portfolios in Fund Complex	Retired Chairman of the Board and Chief Executive Officer of Kerr-McGee Corporation (diversified energy company); Director or Trustee of each of the investment companies of the Seligman Group of Funds†; Director, ConocoPhillips (integrated international oil corporation); Integris Health (owner of various hospitals); BOK Financial (bank holding company); Oklahoma Chapter of the Nature Conservancy; Oklahoma Medical Research Foundation; Boys and Girls Clubs of Oklahoma; Oklahoma City Public Schools Foundation and Oklahoma Foundation for Excellence in Education.Formerly, Director, Kimberly-Clark Corporation (consumer products) and the Federal Reserve System’s Kansas City Reserve Bank.
See footnotes on page 34.

31

Directors and Officers
Information pertaining to the Directors and Officers of Seligman Communications and Information Fund is set forth below.
Independent Directors (continued)
Name, (Age), Position(s)	Principal Occupation(s) During Past Five Years,
held with Fundø	Directorships and Other Information
John E. Merow (74)2,4 • Director: 1982 to Date • Oversees 61 Portfolios in Fund Complex	Retired Chairman and Senior Partner, Sullivan & Cromwell LLP (law firm); Director or Trustee of each of the investment companies of the Seligman Group of Funds†; Director, Commonwealth Industries, Inc. (manufacturer of aluminum sheet products); Director and Treasurer, the Foreign Policy Association; Director Emeritus, Municipal Art Society of New York; Trustee and Secretary, the U.S. Council for International Business; Trustee and Vice Chairman, New York-Presbyterian Healthcare System, Inc.; Trustee, New York-Presbyterian Hospital; and Member of the American Law Institute and Council on Foreign Relations.
Betsy S. Michel (61)2,4 • Director: 1984 to Date • Oversees 61 Portfolios in Fund Complex	Attorney; Director or Trustee of each of the investment companies of the Seligman Group of Funds†; Trustee, The Geraldine R. Dodge Foundation (charitable foundation) and World Learning, Inc. (international educational training). Formerly, Chairman of the Board of Trustees of St. George’s School (Newport, RI).
Leroy C. Richie (62)2,4 • Director: 2000 to Date • Oversees 60 Portfolios in Fund Complex	Chairman and Chief Executive Officer, Q Standards Worldwide, Inc. (library of technical standards); Director or Trustee of each of the investment companies of the Seligman Group of Funds† (except Seligman Cash Management Fund, Inc.); Director, Kerr-McGee Corporation (diversified energy company) and Infinity, Inc. (oil and gas services and exploration); Director and Chairman, Highland Park Michigan Economic Development Corp. Formerly, Trustee, New York University Law Center Foundation; Vice Chairman, Detroit Medical Center and the Detroit Economic Growth Corp.; Chairman and Chief Executive Officer, Capital Coating Technologies, Inc. (applied coating technologies); and Vice President and General Counsel, Automotive Legal Affairs, Chrysler Corporation.
Robert L. Shafer (71)3,4 • Director: 1982 to Date • Oversees 61 Portfolios in Fund Complex	Retired Vice President, Pfizer Inc. (pharmaceuticals); Director or Trustee of each of the investment companies of the Seligman Group of Funds†. Formerly, Director, USLIFE Corporation (life insurance).
James N. Whitson (68)2,4 • Director: 1993 to Date • Oversees 61 Portfolios in Fund Complex	Retired Executive Vice President and Chief Operating Officer, Sammons Enterprises, Inc. (a diversified holding company); Director or Trustee of each of the investment companies of the Seligman Group of Funds†; Director, C-SPAN (cable television network) and CommScope, Inc. (manufacturer of coaxial cable). Formerly, Director and Consultant, Sammons Enterprises, Inc.
See footnotes on page 34.

32

Directors and Officers
Information pertaining to the Directors and Officers of Seligman Communications and Information Fund is set forth below.
Interested Directors and Principal Officers
Name, (Age), Position(s)	Principal Occupation(s) During Past Five Years,
held with Fundø	Directorships and Other Information
William C. Morris (65)*1• Director and Chairman of the Board: 1988 to Date • Oversees 61 Portfolios in Fund Complex	Chairman, J. & W. Seligman & Co. Incorporated, Chairman of the Board and Director or Trustee of each of the investment companies of the Seligman Group of Funds†; Chairman, Seligman Advisors, Inc., Seligman Services, Inc., and Carbo Ceramics Inc. (manufacturer of ceramic proppants for oil and gas industry); and Director, Seligman Data Corp. Formerly, Director, Kerr-McGee Corporation (diversified energy company) and Chief Executive Officer of each of the investment companies of the Seligman Group of Funds.
Brian T. Zino (51)*1 • Director: 1993 to Date • President: 1995 to Date • Chief Executive Officer: 2002 to Date • Oversees 61 Portfolios in Fund Complex	Director and President, J. & W. Seligman & Co. Incorporated; Chief Executive Officer, President and Director or Trustee of each of the investment companies of the Seligman Group of Funds†; Director, Seligman Advisors, Inc. and Seligman Services, Inc.; Chairman, Seligman Data Corp.; Member of the Board of Governors of the Investment Company Institute; and Chairman, ICI Mutual Insurance Company.
Paul H. Wick (40) • Vice President and Portfolio Manager: 1990    to Date	Director and Managing Director, J. & W. Seligman & Co. Incorporated, since November 1997 and January 1995, respectively. Vice President of Seligman Portfolios, Inc. and Portfolio Manager of its Communications and Information Portfolio. Joined J. & W. Seligman & Co. Incorporated in1987 as an Associate, Investment Research.
Thomas G. Rose (46) • Vice President: 2000 to Date	Senior Vice President, Finance, J. & W. Seligman & Co. Incorporated, Seligman Advisors, Inc., and Seligman Data Corp.; Vice President of each of the investment companies of the Seligman Group of Funds†, Seligman Services, Inc. and Seligman International, Inc. Formerly, Treasurer of the investment companies of the Seligman Group of Funds and Seligman Data Corp.
Lawrence P. Vogel (47) • Vice President: 1992 to Date • Treasurer: 2000 to Date	Senior Vice President and Treasurer, Investment Companies, J. & W. Seligman & Co. Incorporated; Vice President and Treasurer of each of the investment companies of the Seligman Group of Funds†; Treasurer, Seligman Data Corp. Formerly, Senior Vice President, Finance, J. & W. Seligman & Co. Incorporated, Seligman Advisors, Inc. and Seligman Data Corp.; Vice President, Seligman Services, Inc. and Vice President and Treasurer, Seligman International, Inc. and Treasurer, Seligman Henderson Co.
See footnotes on page 34.

33

Directors and Officers
Information pertaining to the Directors and Officers of Seligman Communications and Information Fund is set forth below.
Interested Directors and Principal Officers (continued)
Name, (Age), Position(s) held with Fundø	Principal Occupation(s) During Past Five Years, Directorships and Other Information
Frank J. Nasta (39)	Managing Director, General Counsel and Corporate Secretary, J. & W. Seligman & Co. Incorporated; Secretary of each of the investment companies of the Seligman Group of Funds†, Seligman Advisors, Inc., Seligman Services, Inc., Seligman International, Inc. and Seligman Data Corp. Formerly, Senior Vice President, Law and Regulation, J. & W. Seligman & Co.Incorporated; and Corporate Secretary, Seligman Henderson Co.
• Secretary:
1994 to Date

The Fund’s Statement of Additional Information (SAI) includes additional information about Fund directors and is available, without charge, upon request. You may call toll-free (800) 221-2450 in the US or collect (212) 682-7600 outside the US to request a copy of the SAI, to request other information about the Fund, or to make shareholder inquiries.
ø	The address for each of the directors and officers is 100 Park Avenue, 8th floor, New York, NY 10017. Each Director serves for an indefinite term, until the election and qualification of a successor or until his or her earlier death, resignation or removal. Each officer is elected annually by the Board of Directors.
†	The Seligman Group of Funds consists of 23 registered investment companies.
*	Mr. Morris and Mr. Zino are considered “interested persons” of the Fund, as defined in the Investment Company Act of 1940, as amended, by virtue of their positions with J. & W. Seligman & Co. Incorporated and its affiliates.
Member:	1 Executive Committee 2 Audit Committee 3 Director Nominating Committee 4 Board Operations Committee

34

Glossary of Financial Terms

Capital Gain Distribution — A payment to mutual fund shareholders of profits realized on the sale of securities in a fund’s portfolio.

Capital Appreciation/Depreciation — An increase or decrease in the market value of a mutual fund’s portfolio securities, which is reflected in the net asset value of the fund’s shares. Capital appreciation/depreciation of an individual security is in relation to the original purchase price.

Compounding — The change in the value of an investment as shareholders receive earnings on their investment’s earnings. For example, if $1,000 is invested at a fixed rate of 7% a year, the initial investment is worth $1,070 after one year. If the return is compounded, second year earnings will not be based on the original $1,000, but on the $1,070, which includes the first year’s earnings.

Contingent Deferred Sales Charge (CDSC) — Depending on the class of shares owned, a fee charged by a mutual fund when shares are sold back to the fund. The CDSC expires after a fixed time period.

Dividend — A payment by a mutual fund, usually derived from the fund’s net investment income (dividends and interest less expenses).

Dividend Yield — A measurement of a fund’s dividend as a percentage of the maximum offering price or net asset value.

Expense Ratio — The cost of doing business for a mutual fund, expressed as a percent of the fund’s net assets.

Investment Objective — The shared investment goal of a fund and its shareholders.

Management Fee — The amount paid by a mutual fund to its investment advisor(s).

Multiple Classes of Shares — Although an individual mutual fund invests in only one portfolio of securities, it may offer investors several purchase options which are “classes” of shares. Multiple classes permit shareholders to choose the fee structure that best meets their needs and goals. Generally, each class will differ in terms of how and when sales charges and certain fees are assessed.

National Association of Securities Dealers, Inc. (NASD) — A self-regulatory body with authority over firms that distribute mutual funds.

Net Asset Value (NAV) Per Share — The market worth of one fund share, obtained by adding a mutual fund’s total assets (securities, cash, and any accrued earnings), subtracting liabilities, and dividing the resulting net assets by the number of shares outstanding.

Offering Price — The price at which a mutual fund’s share can be purchased. The offering price per share is the current net asset value plus any sales charge.

35

Glossary of Financial Terms

Portfolio Turnover — A measure of the trading activity in a mutual fund’s investment portfolio that reflects how often securities are bought and sold.

Prospectus — The legal document describing a mutual fund to all prospective shareholders. It contains information required by the Securities and Exchange Commission (SEC), such as a fund’s investment objective and policies, services, investment restrictions, how shares are bought and sold, fund fees and other charges, and the fund’s financial highlights.

SEC Yield — SEC Yield refers to the net income earned by a fund during a recent 30-day period. This income is annualized and then divided by the maximum offering price per share on the last day of the 30-day period. The SEC Yield formula reflects semian-nual compounding.

Securities and Exchange Commission — The primary US federal agency that regulates the registration and distribution of mutual fund shares.

Statement of Additional Information — A document that contains more detailed information about an investment company and that supplements the prospectus. It is available at no charge upon request.

Total Return — A measure of a fund’s performance encompassing all elements of return. Reflects the change in share price over a given period and assumes all distributions are taken in additional fund shares. The Average Annual Total Return represents the average annual compounded rate of return for the periods presented.

Wash Sale — A sale of securities in which a taxpayer has acquired substantially identical securities within a period beginning thirty days before and ending thirty days after the date of the sale (a sixty-one day period). A loss resulting from such a sale is not currently deductible for federal income tax purposes, but a gain is taxable.

Yield on Securities — For bonds, the current yield is the coupon rate of interest, divided by the purchase price. For stocks, the yield is measured by dividing dividends paid by the market price of the stock.

Adapted from the Investment Company Institute’s 2002 Mutual Fund Fact Book and the AICPA Audit and Accounting Guide: Audits of Investment Companies dated May 1, 2001.

36

Manager
J. & W. Seligman & Co. Incorporated
100 Park Avenue • New York, NY 10017

General Distributor
Seligman Advisors, Inc.
100 Park Avenue • New York, NY 10017

Shareholder Service Agent
Seligman Data Corp.
100 Park Avenue • New York, NY 10017

General Counsel
Sullivan & Cromwell LLP

Independent Auditors
Deloitte & Touche LLP

For More Information
Important Telephone Numbers
(800) 221-2450	Shareholder Services
(800) 445-1777	Retirement Plan Services
(212) 682-7600	Outside the United States
(800) 622-4597	24-Hour Automated Telephone
	Access Service

This report is intended only for the information of shareholders or those who have received the offering prospectus covering shares of Capital Stock of Seligman Communications and Information Fund, Inc., which contains information about the sales charges, management fee, and other costs. Please read the prospectus carefully before investing or sending money.

ITEM 2.  CODE OF ETHICS. As of December 31, 2003, the registrant has adopted a
         code of ethics that applies to its principal executive and principal
         financial officers.

ITEM 3.  AUDIT COMMITTEE FINANCIAL EXPERT. The registrant's board of directors
         has determined that Mr. James N. Whitson, a member of its audit
         committee, is an audit committee financial expert. Mr. Whitson is
         "independent" as such term is defined in Form N-CSR.

ITEM 4.  PRINCIPAL ACCOUNTANT FEES AND SERVICES. (a) - (d) Aggregate fees billed
         to the registrant for the last two fiscal years for professional
         services rendered by the registrant's principal accountant were as
         follows:

                                               2003            2002
                                           ------------    ------------
           Audit Fees                         $76,766         $76,800
           Audit-Related Fees                       -               -
           Tax Fees                             2,100           2,000
           All Other Fees                       1,898           2,609

         Audit fees include amounts related to the audit of the registrant's
         annual financial statements and services normally provided by the
         accountant in connection with statutory and regulatory filings. Tax
         fees include amounts related to tax compliance, tax planning, and tax
         advice. Other fees include the registrant's pro-rata share of amounts
         for services related to documentation of certain internal control
         procedures for the registrant and certain other associated investment
         companies.

         Aggregate fees billed by the registrant's principal accountant for the
         last two fiscal years for non-audit services provided to the
         registrant's investment adviser (not including a sub-adviser whose role
         is primarily portfolio management and is sub-contracted or overseen by
         another investment adviser) and any entity controlling, controlled by,
         or under common control with the investment adviser that provides
         ongoing services to the registered investment company, where the
         engagement relates directly to the operations and financial reporting
         of the registrant, were as follows:

                                                2003            2002
                                           ------------    ------------
           Audit-Related Fees                 $126,130        $135,355
           Tax Fees                              7,500          18,450

         Audit-related fees include amounts for (i) attestation services for the
         registrant's shareholder service agent; (ii) review of certain internal
         controls of such shareholder service agent's sub-agent; (iii)
         performance of certain agreed-upon procedures relating to certain
         services performed by the registrant's distributor; and (iv) actuarial
         services provided prior to May 6, 2003 to the registrant's investment
         adviser and shareholder service agent (such services were no longer
         permitted to be performed for the shareholder service agent after May
         5, 2003). Tax fees include amounts related to tax compliance, tax
         planning, and tax advice for and an evaluation of certain tax reporting
         procedures of the registrant's shareholder service agent.

         (e) (1) The Audit Committee is required to preapprove audit and
         non-audit services performed for the registrant by the principal
         accountant in order to assure that the provision of such services does
         not impair the principal accountant's independence. The Audit Committee
         also is required to preapprove certain non-audit services performed by
         the registrant's principal accountant for the registrant's investment
         adviser (not including any sub-adviser whose role is primarily
         portfolio management and is subcontracted with or overseen by another
         investment adviser) and certain of the adviser's affiliates that
         provide services directly related to the operations and financial
         reporting of the registrant. Unless a type of service to be provided by
         the principal accountant has received preapproval, it will require
         specific preapproval by the Audit Committee.

         The Audit Committee may delegate preapproval authority to one or more
         of its members. The member or members to whom such authority is
         delegated shall report any preapproval decisions to the Audit Committee
         at its next scheduled meeting.

         Notwithstanding the foregoing, under certain circumstances, preapproval
         of non-audit services of a de minimis amount is not required.

         (2) No services included in (b) - (d) above were approved pursuant to
         the waiver provisions of paragraphs (c)(7)(i)(C) or (c)(7)(ii) of Rule
         2-01 of Regulation S-X.

         (f) Not applicable.

         (g) The aggregate fees billed for the most recent fiscal year and the
         preceding fiscal year by the registrant's principal accountant for
         non-audit services rendered to the registrant, its investment adviser
         (not including any sub-adviser whose role is primarily portfolio
         management and is subcontracted with or overseen by another investment
         adviser), and any entity controlling, controlled by, or under common
         control with the investment adviser that provides ongoing services to
         the registrant were $137,628 and $158,414, respectively.

         (h) All non-audit services rendered in (g) above were pre-approved by
         the registrant's audit committee. Accordingly, the audit committee
         considered whether these services were compatible with maintaining the
         principal accountant's independence.


ITEM 5.  AUDIT COMMITTEE OF LISTED REGISTRANTS.
         Not applicable

ITEM 6.  [RESERVED]

ITEM 7.  DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR
         CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
         Not applicable.

ITEM 8. [RESERVED]

ITEM 9.  CONTROLS AND PROCEDURES.

         (a) The registrant's principal executive officer and principal
         financial officer have concluded, based upon their evaluation of the
         registrant's disclosure controls and procedures as conducted within 90
         days of the filing date of this report, that these disclosure controls
         and procedures provide reasonable assurance that material information
         required to be disclosed by the registrant in the report it files or
         submits on Form N-CSR is recorded, processed, summarized and reported,
         within the time periods specified in the Commission's rules and forms
         and that such material information is accumulated and communicated to
         the registrant's management, including its principal executive officer
         and principal financial officer, as appropriate, in order to allow
         timely decisions regarding required disclosure.

         (b) The registrant's principal executive officer and principal
         financial officer are aware of no changes in the registrant's internal
         control over financial reporting that occurred during the registrant's
         most recent fiscal half-year that has materially affected, or is
         reasonably likely to materially affect, the registrant's internal
         control over financial reporting.

 ITEM 10.  EXHIBITS.
           (a)(1)   Code of Ethics for Principal Executive and Principal
                    Financial Officers

           (a)(2)   Certifications of principal executive officer and principal
                    financial officer as required by Rule 30a-2(a) under the
                    Investment Company Act of 1940.

           (b)      Certifications of chief executive officer and chief
                    financial officer as required by Rule 30a-2(b) under the
                    Investment Company Act of 1940.




                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.

SELIGMAN COMMUNICATIONS AND INFORMATION FUND, INC.




By:   /s/ BRIAN T. ZINO
      Brian T. Zino
      President and Chief Executive Officer

Date: March 5, 2004

Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant in the capacities and on the dates
indicated.




By:   /s/ BRIAN T. ZINO
      Brian T. Zino
      President and Chief Executive Officer

Date: March 5, 2004




By:   /s/ LAWRENCE P. VOGEL
      Lawrence P. Vogel
      Vice President, Treasurer and Chief Financial Officer

Date: March 5, 2004



Seligman Communications and Information Fund, Inc.

EXHIBIT INDEX

      (a)(1)   Code of Ethics for Principal Executive and Principal Financial
               Officers

      (a)(2)   Certifications of principal executive officer and principal
               financial officer as required by Rule 30a-2(a) under the
               Investment Company Act of 1940.

      (b)      Certification of chief executive officer and chief financial
               officer as required by Rule 30a-2(b) of the Investment Company
               Act of 1940.