Ameriprise Financial (AMP) 8-K Ameriprise Financial Reports Second Quarter

Exhibit 99.2

Statistical Supplement

(unaudited)

Second Quarter 2006

Table of Contents

	Page
Ameriprise Financial, Inc.
Financial Summary	1
Consolidated Income Statements	2
Adjusted Consolidated Income Statements	3
Financial Advisor and Client Metrics	4
Corporate Volumes	5
Consolidated Balance Sheets	6
Investment Detail	7
Selected Balance Sheet Information	8
Adjusted Segment Information	9
Asset Accumulation and Income Segment
Income Statements	10
Revenues by Product	11
Retail Managed Assets Rollforwards	12
Institutional Managed Assets Rollforwards	13
Financial Advisor Managed Assets Rollforwards	14
Owned Assets Related to Variable Products	15
Net Investment Income and Spread Products	16
Selected Asset Management Performance Information	17
Deferred Acquisition Costs Rollforwards	18
Protection Segment
Income Statements	19
Adjusted Income Statements	20
Adjusted Revenues by Product	21
Selected Statistical Information	22
Product Rollforwards	23
Corporate and Other and Eliminations Segment
Income Statements	24
Capital and Ratings Information	25
Non-GAAP Financial Information	26
Reclassification	26
Glossary of Selected Terminology	27-29
Exhibit A
RiverSourceSM Mutual Fund Performance and Lipper Ranking	A1-A11
Exhibit B
Reconciliation Tables	B1-B18
Exhibit C
Disclosed Items	C1

Ameriprise Financial, Inc.

Financial Summary

																2Q’06 vs.
	2Q			3Q			4Q			1Q			2Q			2Q’05		YTD			YTD
(in millions, except per share amounts and where noted, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
EPS - Basic: (1)
Net income	$	0.63		$	0.50		$	0.44		$	0.57		$	0.57		(10	)%	$	1.37		$	1.15
Income from discontinued operations	(0.02		)	—			—			—			—				#	(0.05		)	—
Income attributable to AMEX Assurance, after-tax	(0.11		)	(0.01		)	—			—			—				#	(0.22		)	—
Separation costs, after-tax	0.15			0.24			0.33			0.18			0.22			47	%	0.20			0.39
Adjusted earnings, after-tax	$	0.65		$	0.73		$	0.77		$	0.75		$	0.79		22	%	$	1.30		$	1.54
EPS - Diluted:
Net income	$	0.63		$	0.50		$	0.44		$	0.57		$	0.57		(10	)%	$	1.37		$	1.14
Income from discontinued operations	(0.02		)	—			—			—			—				#	(0.05		)	—
Income attributable to AMEX Assurance, after-tax	(0.11		)	(0.01		)	—			—			—				#	(0.22		)	—
Separation costs, after-tax	0.15			0.24			0.33			0.18			0.22			47	%	0.20			0.39
Adjusted earnings, after-tax	$	0.65		$	0.73		$	0.77		$	0.75		$	0.79		22	%	$	1.30		$	1.53
Management’s financial targets and performance:
Adjusted revenue growth: Target 6 - 8%	8.7		%	14.6		%	4.9		%	9.9		%	12.9		%						11.4		%
Adjusted earnings growth: Target 10 - 13%	6.7		%	11.2		%	(4.5		)%	17.4		%	21.9		%						19.6		%
Adjusted ROE: Target 12 - 15%	10.5		%	10.4		%	10.2		%	10.4		%	10.7		%						10.7		%
Contribution margin	50.6		%	50.1		%	49.6		%	50.0		%	52.8		%			51.1		%	51.5		%
Adjusted contribution margin	49.6		%	49.5		%	49.6		%	50.0		%	52.8		%			50.3		%	51.5		%
Net income margin	8.2		%	6.7		%	5.9		%	7.4		%	6.9		%			9.0		%	7.1		%
Effective tax rate on net income before discontinued operations	21.5		%	32.2		%	12.0		%	24.0		%	24.3		%			25.9		%	24.2		%
Effective tax rate on adjusted earnings	23.1		%	33.7		%	23.4		%	26.7		%	27.8		%			26.0		%	27.3		%
Return on equity - before discontinued operations	11.3		%	9.9		%	8.0		%	7.4		%	7.1		%			11.3		%	7.1		%
Debt to total capital	22.0		%	18.1		%	19.3		%	20.7		%	25.1		%			22.0		%	25.1		%
Debt to total capital excluding non-recourse debt and 75% equity credit	—		%	—		%	—		%	—		%	17.6		%			—		%	17.6		%
Debt to total capital excluding non-recourse debt	19.2		%	15.3		%	16.8		%	17.0		%	21.7		%			19.2		%	21.7		%
Business metrics summary:
Owned, managed and administered assets (in billions)	$	410.7		$	420.6		$	428.2		$	445.7		$	427.9		4	%	$	410.7		$	427.9
Total financial advisors	12,186			12,222			12,440			12,379			12,372			2	%	12,186			12,372
Clients with a financial plan percentage	43		%	43		%	44		%	44		%	44		%			43		%	44		%
Total clients (in thousands)	2,765			2,769			2,776			2,762			2,770			—		2,765			2,770
Gross dealer concession	$	474		$	479		$	469		$	527		$	545		15	%	$	931		$	1,072
Employee base (in thousands):
Field (employee advisors)	3,133			3,073			3,268			3,075			3,056			(2	)%	3,133			3,056
Non-field	8,640			8,631			8,589			8,582			8,607			—		8,640			8,607
Common shares outstanding	246.2			246.2			249.9			244.3			244.1			(1	)%	246.2			244.1
Weighted average common shares outstanding:
Basic	246.2			246.2			249.9			252.3			246.3			—		246.2			249.3
Diluted	246.2			246.2			250.3			253.5			248.0			1	%	246.2			250.8
Book value:
Book value	$	6,993		$	7,737		$	7,687		$	7,341		$	7,235		3	%	$	6,993		$	7,235
Book value, excluding the impact of accumulated other comprehensive income (OCI)	6,679			7,757			7,838			7,783			7,901			18	%	6,679			7,901
Book value per common share outstanding	28.41			31.43			30.76			30.05			29.65			4	%	28.41			29.65
Book value per common share outstanding, excluding the impact of OCI	27.13			31.51			31.37			31.86			32.37			19	%	27.13			32.37

⁽¹⁾EPS for other than EPS-Net income are non-GAAP financial measures.

#Variance of 100% or greater.

1

Ameriprise Financial, Inc.

Consolidated Income Statements

																2Q’06 vs.
	2Q			3Q			4Q			1Q			2Q			2Q’05		YTD			YTD
(in millions, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
Revenues
Management, financial advice and service fees	$	632		$	687		$	651		$	710		$	721		14	%	$	1,240		$	1,431
Distribution fees	289			296			277			301			325			12	%	577			626
Net investment income	558			561			574			574			522			(6	)%	1,106			1,096
Premiums	279			202			228			220			229			(18	)%	549			449
Other revenues	137			127			139			144			256			87	%	270			400
Total revenues	1,895			1,873			1,869			1,949			2,053			8	%	3,742			4,002
Expenses
Compensation and benefits:
Field	371			408			374			423			436			18	%	733			859
Non-field	280			295			281			316			330			18	%	559			646
Total compensation and benefits	651			703			655			739			766			18	%	1,292			1,505
Interest credited to account values	328			337			334			324			307			(6	)%	639			631
Benefits, claims, losses and settlement expenses	238			190			234			227			225			(5	)%	456			452
Amortization of deferred acquisition costs	134			49			112			128			153			14	%	270			281
Interest and debt expense	19			16			21			23			28			47	%	36			51
Other expenses	278			305			261			250			304			9	%	536			554
Total expenses before separation costs (1)	1,648			1,600			1,617			1,691			1,783			8	%	3,229			3,474
Income before income tax provision, discontinued operations and separation costs (1)	247			273			252			258			270			9	%	513			528
Income tax provision before tax benefit attributable to separation costs (1)	61			91			59			69			75			23	%	139			144
Income before discontinued operations and separation costs (1)	186			182			193			189			195			5	%	374			384
Separation costs, after-tax (1)	37			59			82			44			54			46	%	50			98
Income before discontinued operations	149			123			111			145			141			(5	)%	324			286
Discontinued operations, net of tax	6			2			—			—			—				#	14			—
Net income	$	155		$	125		$	111		$	145		$	141		(9	)%	$	338		$	286
Other Information
Net investment gains (losses), after-tax	$	37		$	(4	)	$	3		$	3		$	4		(89	)%	$	44		$	7
Dividends paid (2)	$	—		$	217		$	27		$	28		$	27		—		$	—		$	55
Contribution margin	50.6		%	50.1		%	49.6		%	50.0		%	52.8		%			51.1		%	51.5		%

⁽¹⁾See non-GAAP Financial Information.

⁽²⁾Dividends paid in 3Q 2005 include $164 million associated with the transfer of the Company’s interest in AEIDC to American Express Company.

#Variance of 100% or greater.

2

Ameriprise Financial, Inc.

Consolidated Income Statements

Adjusted to Exclude AMEX Assurance and Separation Costs

																2Q’06 vs.
	2Q			3Q			4Q			1Q			2Q			2Q’05		YTD			YTD
(in millions, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
Revenues
Management, financial advice and service fees	$	631		$	686		$	651		$	710		$	721		14	%	$	1,238		$	1,431
Distribution fees	289			296			277			301			325			12	%	577			626
Net investment income	555			558			574			574			522			(6	)%	1,100			1,096
Premiums	208			217			228			220			229			10	%	407			449
Other revenues	136			128			139			144			256			88	%	270			400
Total revenues	1,819			1,885			1,869			1,949			2,053			13	%	3,592			4,002
Expenses
Compensation and benefits:
Field	370			373			374			423			436			18	%	731			859
Non-field	280			295			281			316			330			18	%	559			646
Total compensation and benefits	650			668			655			739			766			18	%	1,290			1,505
Interest credited to account values	328			337			334			324			307			(6	)%	639			631
Benefits, claims, losses and settlement expenses	218			241			234			227			225			3	%	417			452
Amortization of deferred acquisition costs	125			49			112			128			153			22	%	253			281
Interest and debt expense	19			16			21			23			28			47	%	36			51
Other expenses	271			304			261			250			304			12	%	523			554
Total expenses before separation costs	1,611			1,615			1,617			1,691			1,783			11	%	3,158			3,474
Income before income tax provision, discontinued operations and separation costs	208			270			252			258			270			30	%	434			528
Income tax provision before tax benefit attributable to separation costs	48			91			59			69			75			56	%	113			144
Adjusted earnings	$	160		$	179		$	193		$	189		$	195		22	%	$	321		$	384
Other Information
Adjusted net investment gains (losses), pretax	$	57		$	(6	)	$	5		$	4		$	6		(89	)%	$	67		$	10
Adjusted contribution margin	49.6		%	49.5		%	49.6		%	50.0		%	52.8		%			50.3		%	51.5		%

# Variance of 100% or greater.

3

Ameriprise Financial, Inc.

Financial Advisor and Client Metrics

																2Q’06 vs.
	2Q			3Q			4Q			1Q			2Q			2Q’05		YTD			YTD
(unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
Financial Advisors
Employee advisors	3,133			3,073			3,268			3,075			3,056			(2	)%	3,133			3,056
Franchisee advisors	7,470			7,441			7,392			7,491			7,499			—		7,470			7,499
Total branded financial advisors	10,603			10,514			10,660			10,566			10,555			—		10,603			10,555
Securities America, Inc. registered representatives	1,583			1,708			1,780			1,813			1,817			15	%	1,583			1,817
Total financial advisors	12,186			12,222			12,440			12,379			12,372			2	%	12,186			12,372
Employee advisor retention	65		%	64		%	64		%	62		%	60		%			65		%	60		%
Franchisee advisor retention	92		%	91		%	91		%	91		%	91		%			92		%	91		%
Gross dealer concession per branded advisor (in thousands)	$	39.2		$	39.7		$	38.7		$	43.8		$	44.7		14	%	$	76.5		$	88.5
Client Relationships
Total clients (in thousands)	2,765			2,769			2,776			2,762			2,770			—		2,765			2,770
Client retention	94		%	94		%	94		%	92		%	93		%			94		%	93		%
Branded advisor clients (in thousands)	2,037			1,982			1,991			1,990			1,950			(4	)%	2,037			1,950
Clients with a financial plan percentage	43		%	43		%	44		%	44		%	44		%			43		%	44		%
Financial plans sold (in thousands)	58			54			55			63			58			—		123			121

# Variance of 100% or greater.

4

Ameriprise Financial, Inc.

Corporate Volumes

											2Q’06
	2Q		3Q		4Q		1Q		2Q		vs. 2Q’05		YTD		YTD
(in millions unless otherwise noted, unaudited)	2005		2005		2005		2006		2006		% Change		2005		2006
Owned, managed and administered assets (in billions)
Owned assets	$	83.8	$	86.1	$	86.9	$	89.1	$	89.1	6	%	$	83.8	$	89.1
Managed assets	255.8		260.1		264.0		276.2		276.1		8	%	255.8		276.1
Administered assets	71.1		74.4		77.3		80.4		62.7		(12	)%	71.1		62.7
Total owned, managed and administered assets	$	410.7	$	420.6	$	428.2	$	445.7	$	427.9	4	%	$	410.7	$	427.9
Ending RiverSource Managed Assets (in billions)	$	157.8	$	156.4	$	153.5	$	154.3	$	151.0	(4	)%	$	157.8	$	151.0
Cash Sales
By product:
Mutual funds and non-proprietary SPS wrap net flows	$	7,551	$	7,944	$	7,630	$	9,302	$	8,993	19	%	$	15,471	$	18,295
Annuities	2,426		2,467		2,394		2,870		3,475		43	%	4,426		6,345
Investment certificates	769		784		526		435		373		(51	)%	1,884		808
Life and other insurance products	242		273		262		289		265		10	%	478		554
Institutional products and services	2,519		846		2,013		2,250		1,790		(29	)%	4,277		4,040
Other	1,010		902		597		755		948		(6	)%	1,906		1,703
Total	$	14,517	$	13,216	$	13,422	$	15,901	$	15,844	9	%	$	28,442	$	31,745
By channel:
Branded advisor cash sales and wrap net flows	$	7,765	$	7,598	$	7,043	$	8,498	$	8,707	12	%	$	15,826	$	17,205
Securities America, Inc.	1,563		1,581		1,722		2,037		2,124		36	%	3,068		4,161
Third-party distribution	249		267		266		305		398		60	%	482		703
Institutional	2,321		1,056		1,613		2,442		1,647		(29	)%	4,026		4,089
Threadneedle	2,050		2,126		2,423		2,198		2,606		27	%	3,869		4,804
All other (AEB, etc.)	569		588		355		421		362		(36	)%	1,171		783
Total	$	14,517	$	13,216	$	13,422	$	15,901	$	15,844	9	%	$	28,442	$	31,745
Total gross dealer concession	$	474	$	479	$	469	$	527	$	545	15	%	$	931	$	1,072

#  Variance of 100% or greater.

5

Ameriprise Financial, Inc.

Consolidated Balance Sheets

	June 30,		September 30,			December 31,			March 31,			June 30,
(in millions, unaudited)	2005		2005			2005			2006			2006
Assets
Cash and cash equivalents	$	2,097	$	2,620		$	2,474		$	1,650		$	2,101
Investments	40,207		39,454			39,100			38,100			37,027
Receivables	2,476		2,837			2,172			2,382			2,441
Deferred acquisition costs	4,032		4,088			4,182			4,280			4,342
Separate account assets	37,433		39,840			41,561			45,220			45,751
Restricted and segregated cash	1,241		1,058			1,067			1,084			1,002
Other assets	2,343		2,377			2,565			3,105			3,385
Assets of discontinued operations	6,123		—			—			—			—
Total assets	$	95,952	$	92,274		$	93,121		$	95,821		$	96,049
Liabilities
Future policy benefits and claims	$	33,169	$	32,958		$	32,731		$	32,200		$	31,546
Investment certificate reserves	6,427		6,392			5,649			5,180			4,863
Accounts payable and accrued expenses	2,681		2,516			2,728			2,694			2,893
Payable to American Express	1,718		102			52			86			82
Debt	378		1,711			1,833			1,921			2,419
Separate account liabilities	37,433		39,840			41,561			45,220			45,751
Other liabilities	1,283		1,018			880			1,179			1,260
Liabilities of discontinued operations	5,870		—			—			—			—
Total liabilities	88,959		84,537			85,434			88,480			88,814
Shareholders’ Equity
Common shares ($.01 par)	2		2			2			3			3
Additional paid-in capital	2,924		4,094			4,091			4,208			4,254
Retained earnings	3,753		3,661			3,745			3,862			3,976
Treasury stock	—		—			—			(290		)	(332		)
Accumulated other comprehensive income (loss), net of tax	314		(20		)	(151		)	(442		)	(666		)
Total shareholders’ equity	6,993		7,737			7,687			7,341			7,235
Total liabilities and shareholders’ equity	$	95,952	$	92,274		$	93,121		$	95,821		$	96,049

6

Ameriprise Financial, Inc.

Investment Detail

																2Q’06
	2Q			3Q			4Q			1Q			2Q			vs. 2Q’05		YTD			YTD
(in millions unless otherwise noted, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
Net Investment Income
Investment income on fixed maturities	$	533		$	543		$	550		$	543		$	522		(2	)%	$	1,069		$	1,065
Realized gains (losses)	57			(6		)	5			4			6			(89	)%	67			10
Income related to interest credited and benefits line hedges	2			12			5			1			(13		)		#	(3		)	(12		)
Other (including seed money)	(34		)	12			14			26			7				#	(27		)	33
Total net investment income	$	558		$	561		$	574		$	574		$	522		(6	)%	$	1,106		$	1,096
Equity by Legal Entity
IDS Life Insurance Company	$	5,096		$	5,552		$	5,162		$	5,009		$	4,818		(5	)%
IDS Property Casualty Insurance Company	542			494			506			513			506			(7	)%
Ameriprise Certificate Company	346			309			276			225			199			(42	)%
Other	1,009			1,382			1,743			1,594			1,712			70	%
Total equity by legal entity	$	6,993		$	7,737		$	7,687		$	7,341		$	7,235		3	%
Mortgage and Other Asset-Backed Securities Portfolio Detail - Fair Value (in billions)
IDS Life Consolidated
Mortgage backed securities	$	6.1		$	6.2		$	6.5		$	6.2		$	6.0		(2	)%
Commercial mortgage backed securities	2.9			3.0			3.0			3.0			3.0			3	%
Asset backed securities	0.8			0.9			1.2			1.2			1.0			25	%
Total	$	9.8		$	10.1		$	10.7		$	10.4		$	10.0		2	%
Ameriprise Financial, Inc.
Mortgage backed securities	$	8.8		$	8.6		$	8.8		$	8.4		$	8.0		(9	)%
Commercial mortgage backed securities	3.3			3.4			3.5			3.5			3.4			3	%
Asset backed securities	1.3			1.4			1.6			1.5			1.4			8	%
Total	$	13.4		$	13.4		$	13.9		$	13.4		$	12.8		(4	)%
Mortgage Loans on Real Estate
Mortgage loans on real estate	$	3,205		$	3,222		$	3,190		$	3,147		$	3,129		(2	)%
Allowance for loan losses	(44		)	(44		)	(44		)	(41		)	(40		)	9	%
Mortgage loans on real estate, net	$	3,161		$	3,178		$	3,146		$	3,106		$	3,089		(2	)%

# Variance of 100% or greater.

7

Ameriprise Financial, Inc.

Selected Balance Sheet Information

	2Q 2005						3Q 2005						4Q 2005						1Q 2006						2Q 2006
(in billions, unaudited)	Cost			Fair Value			Cost			Fair Value			Cost			Fair Value			Cost			Fair Value			Cost			Fair Value
Earning Assets by Type
Equity	0.1		%	0.1		%	0.1		%	0.1		%	—			—			—			—			0.1		%	0.1		%
Fixed income	41.5		%	42.0		%	39.8		%	39.9		%	39.5		%	39.4		%	37.6		%	37.2		%	36.8		%	36.1		%
Separate accounts	45.0		%	44.6		%	46.3		%	46.3		%	47.8		%	47.8		%	50.4		%	50.8		%	50.8		%	51.4		%
Other	13.4		%	13.3		%	13.8		%	13.7		%	12.7		%	12.8		%	12.0		%	12.0		%	12.3		%	12.4		%
Available-for-Sale (AFS) Investments
Corporate debt securities	$	19.3		$	19.8		$	19.1		$	19.2		$	18.6		$	18.6		$	18.5		$	18.1		$	18.1		$	17.5
Mortgage and other asset-backed securities	13.3			13.4			13.5			13.4			14.1			13.9			13.7			13.4			13.2			12.8
Structured investments	—			—			—			—			—			—			—			—			—			—
State and municipal obligations	0.9			0.9			0.8			0.9			0.9			0.9			0.9			0.9			1.0			1.0
U.S. government and agencies obligations	0.4			0.4			0.4			0.4			0.4			0.4			0.4			0.4			0.4			0.4
Foreign government bonds and obligations	0.1			0.1			0.1			0.1			0.1			0.1			0.1			0.1			0.1			0.1
Common and preferred stocks	0.1			0.1			—			0.1			—			—			—			—			0.1			0.1
Other debt	0.4			0.5			0.4			0.3			0.2			0.3			0.2			0.3			0.3			0.3
Total AFS investments	$	34.5		$	35.2		$	34.3		$	34.4		$	34.3		$	34.2		$	33.8		$	33.2		$	33.2		$	32.2
AFS Fixed Maturity Asset Quality
AAA	43		%				43		%				44		%				43		%				43		%
AA	6		%				6		%				7		%				8		%				8		%
A	20		%				20		%				19		%				19		%				18		%
BBB	24		%				24		%				23		%				23		%				24		%
Below investment grade	7		%				7		%				7		%				7		%				7		%
SFAS 115 related mark-to-market amount in assets, pretax	$	0.7					$	0.1					$	(0.1	)				$	(0.6	)				$	(1.0	)

8

Ameriprise Financial, Inc.

Segment Information

Adjusted to Exclude AMEX Assurance

																2Q’06
	2Q			3Q			4Q			1Q			2Q			vs. 2Q’05		YTD			YTD
(in millions unless otherwise noted, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
Revenues
Asset Accumulation and Income	$	1,324		$	1,384		$	1,343		$	1,422		$	1,493		13	%	$	2,623		$	2,915
Adjusted Protection	447			458			471			473			496			11	%	881			969
Corporate and Other and Eliminations	48			43			55			54			64			33	%	88			118
Total adjusted revenues	1,819			1,885			1,869			1,949			2,053			13	%	3,592			4,002
Expenses
Asset Accumulation and Income	1,153			1,200			1,156			1,194			1,271			10	%	2,278			2,465
Adjusted Protection	356			329			393			399			404			13	%	717			803
Adjusted Corporate and Other and Eliminations	102			86			68			98			108			6	%	163			206
Total adjusted expenses	1,611			1,615			1,617			1,691			1,783			11	%	3,158			3,474
Pretax Segment Income
Asset Accumulation and Income	171			184			187			228			222			30	%	345			450
Adjusted Protection	91			129			78			74			92			1	%	164			166
Adjusted Corporate and Other and Eliminations	(54		)	(43		)	(13		)	(44		)	(44		)	19	%	(75		)	(88		)
Total adjusted pretax segment income	$	208		$	270		$	252		$	258		$	270		30	%	$	434		$	528
Allocated Equity
Asset Accumulation and Income	$	3,642		$	3,629		$	3,864		$	3,851		$	3,767		3	%	$	3,642		$	3,767
Protection	2,007			2,068			2,162			2,173			2,234			11	%	2,007			2,234
Corporate and Other and Eliminations	1,030			2,060			1,812			1,759			1,900			84	%	1,030			1,900
Other comprehensive income	314			(20		)	(151		)	(442		)	(666		)		#	314			(666		)
Total shareholders’ equity	$	6,993		$	7,737		$	7,687		$	7,341		$	7,235		3	%	$	6,993		$	7,235
																��
Gross Dealer Concession
Asset Accumulation and Income	$	381		$	385		$	371		$	423		$	443		16	%	$	738		$	866
Protection	51			51			53			52			52			2	%	101			104
Corporate and Other and Eliminations	42			43			45			52			50			19	%	92			102
Total gross dealer concession	$	474		$	479		$	469		$	527		$	545		15	%	$	931		$	1,072
Owned, Managed and Administered Assets (in billions)
Owned Assets
Asset Accumulation and Income	$	70.4		$	72.0		$	72.1		$	74.4		$	72.6		3	%	$	70.4		$	72.6
Protection	11.8			12.5			12.5			13.0			14.1			19	%	11.8			14.1
Corporate and Other and Eliminations	1.6			1.6			2.3			1.7			2.4			50	%	1.6			2.4
Total owned assets	83.8			86.1			86.9			89.1			89.1			6	%	83.8			89.1
Managed Assets
Asset Accumulation and Income	255.8			260.1			264.0			276.2			276.1			8	%	255.8			276.1
Total managed assets	255.8			260.1			264.0			276.2			276.1			8	%	255.8			276.1
Administered Assets
Asset Accumulation and Income	71.1			74.4			77.3			80.4			62.7			(12	)%	71.1			62.7
Total administered assets	71.1			74.4			77.3			80.4			62.7			(12	)%	71.1			62.7
Total owned, managed and administered assets	$	410.7		$	420.6		$	428.2		$	445.7		$	427.9		4	%	$	410.7		$	427.9

# Variance of 100% or greater.

9

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment

Income Statements

																2Q’06
	2Q			3Q			4Q			1Q			2Q			vs. 2Q’05		YTD			YTD
(in millions, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
Revenues
Management, financial advice and service fees	$	554		$	623		$	592		$	646		$	654		18	%	$	1,101		$	1,300
Distribution fees	261			269			249			273			297			14	%	523			570
Net investment income	484			480			486			475			427			(12	)%	957			902
Other revenues	25			12			16			28			115				#	42			143
Total revenues	1,324			1,384			1,343			1,422			1,493			13	%	2,623			2,915
Expenses
Compensation and benefits - field	310			331			316			366			376			21	%	619			742
Interest credited to account values	292			300			297			288			271			(7	)%	567			559
Benefits, claims, losses and settlement expenses	21			7			21			4			12			(43	)%	24			16
Amortization of deferred acquisition costs	89			69			73			87			91			2	%	181			178
Interest and debt expense	—			—			—			3			5			—		—			8
Other expenses	441			493			449			446			516			17	%	887			962
Total expenses	1,153			1,200			1,156			1,194			1,271			10	%	2,278			2,465
Pretax segment income	$	171		$	184		$	187		$	228		$	222		30	%	$	345		$	450
Other Information
Net investment gains (losses), pretax	$	37		$	(8	)	$	6		$	1		$	6		(84	)%	$	44		$	7
Contribution margin	52.9		%	53.9		%	52.8		%	53.7		%	55.9		%			53.9		%	54.8		%
Allocated equity	$	3,642		$	3,629		$	3,864		$	3,851		$	3,767		3	%	$	3,642		$	3,767
Return on allocated equity for pretax segment income	18.8		%	19.2		%	19.3		%	20.5		%	21.7		%			18.8		%	21.7		%

# Variance of 100% or greater.

10

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment

Revenues by Product

																2Q’06
	2Q			3Q				4Q		1Q			2Q			vs. 2Q’05		YTD			YTD
(in millions, unaudited)	2005			2005				2005		2006			2006			% Change		2005			2006
Revenues
Management, financial advice and service fees
Asset management	$	297		$	331			$	290	$	293		$	296		—		$	596		$	589
Variable annuities	113			123				134		138			146			29	%	224			284
Fixed annuities	1			1				2		1			2				#	2			3
Certificates	—			—				—		—			—			—		—			—
Brokerage, banking and other	143			168				166		214			210			47	%	279			424
Total Management, financial advice and service fees	554			623				592		646			654			18	%	1,101			1,300
Distribution fees
Asset management	45			44				40		46			42			(7	)%	94			88
Variable annuities	9			9				8		10			10			11	%	18			20
Fixed annuities	3			3				2		3			3			—		5			6
Certificates	—			—				—		—			—			—		—			—
Brokerage, banking and other	204			213				199		214			242			19	%	406			456
Total Distribution fees	261			269				249		273			297			14	%	523			570
Net investment income
Asset management	5			5				7		11			4			(20	)%	11			15
Variable annuities	84			84				86		71			68			(19	)%	173			139
Fixed annuities	309			311				293		304			278			(10	)%	607			582
Certificates	80			68				78		74			60			(25	)%	150			134
Brokerage, banking and other	6			12				22		15			17				#	16			32
Total Net investment income	484			480				486		475			427			(12	)%	957			902
Other revenues
Asset management	12			(4			)	1		8			99				#	15			107
Variable annuities	8			7				5		10			11			38	%	14			21
Fixed annuities	—			—				—		—			—			—		—			—
Certificates	—			—				—		—			—			—		—			—
Brokerage, banking and other	5			9				10		10			5			—		13			15
Total Other revenues	25			12				16		28			115				#	42			143
Total revenues	$	1,324		$	1,384			$	1,343	$	1,422		$	1,493		13	%	$	2,623		$	2,915
Total revenues by product
Asset management	$		359	$		376		$	338	$		358	$		441	23	%	$		716	$		799
Variable annuities	214			223				233		229			235			10	%	429			464
Fixed annuities	313			315				297		308			283			(10	)%	614			591
Certificates	80			68				78		74			60			(25	)%	150			134
Brokerage, banking and other	358			402				397		453			474			32	%	714			927
Total revenues by product	$	1,324		$	1,384			$	1,343	$	1,422		$	1,493		13	%	$	2,623		$	2,915

# Variance of 100% or greater.

11

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment

Retail Managed Assets Rollforwards

																2Q’06
	2Q			3Q			4Q			1Q			2Q			vs. 2Q’05		YTD			YTD
(in billions, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
RiverSource Managed Mutual Funds
Beginning assets	$	61.2		$	59.9		$	59.4		$	58.1		$	58.8		(4	)%	$	65.3		$	58.1
Sales	2.0			2.0			2.0			2.5			2.7			35	%	4.1			5.2
Redemptions	(4.5		)	(4.5		)	(4.2		)	(4.7		)	(3.7		)	18	%	(9.4		)	(8.4		)
Market appreciation (depreciation)	0.9			2.0			0.7			2.6			(1.2		)		#	(0.5		)	1.4
Other	0.3			—			0.2			0.3			0.2			(33	)%	0.4			0.5
Total ending assets	$	59.9		$	59.4		$	58.1		$	58.8		$	56.8		(5	)%	$	59.9		$	56.8
Percent of Ending Assets Subadvised by Others	10		%	10		%	11		%	13		%	12		%			10		%	12		%
RiverSource Managed Mutual Funds by Type
Ending assets of equity mutual funds	$	38.6		$	39.0		$	38.0		$	39.1		$	37.2		(4	)%	$	38.6		$	37.2
Ending assets of taxable fixed income mutual funds	9.1			8.7			8.4			8.1			7.9			(13	)%	9.1			7.9
Ending assets of tax-exempt fixed income mutual funds	6.0			5.8			5.6			5.3			5.0			(17	)%	6.0			5.0
Ending assets of money market mutual funds	3.5			3.3			3.5			3.6			3.9			11	%	3.5			3.9
Ending assets of hybrid and other mutual funds	2.7			2.6			2.6			2.7			2.8			4	%	2.7			2.8
Total ending assets	$	59.9		$	59.4		$	58.1		$	58.8		$	56.8		(5	)%	$	59.9		$	56.8
Threadneedle Managed Mutual Funds
Beginning assets	$	15.4		$	16.0		$	17.1		$	17.8		$	19.4		26	%	$	15.6		$	17.8
Sales	1.2			1.7			1.7			1.5			1.4			17	%	2.7			2.9
Redemptions	(1.3		)	(1.1		)	(1.5		)	(1.6		)	(1.8		)	(38	)%	(2.6		)	(3.4		)
Market appreciation (depreciation)	0.9			1.1			0.9			1.5			(0.8		)		#	1.0			0.7
Other	(0.2		)	(0.6		)	(0.4		)	0.2			0.6				#	(0.7		)	0.8
Total ending assets	$	16.0		$	17.1		$	17.8		$	19.4		$	18.8		18	%	$	16.0		$	18.8
Threadneedle Managed Mutual Funds by Type
Ending assets of equity mutual funds	$	12.2		$	13.3		$	13.9		$	15.3		$	14.6		20	%	$	12.2		$	14.6
Ending assets of fixed income mutual funds	2.9			3.0			3.1			3.1			3.2			10	%	2.9			3.2
Ending assets of money market mutual funds	0.4			0.3			0.3			0.4			0.4			—		0.4			0.4
Ending assets of hybrid and other mutual funds	0.5			0.5			0.5			0.6			0.6			20	%	0.5			0.6
Total ending assets	$	16.0		$	17.1		$	17.8		$	19.4		$	18.8		18	%	$	16.0		$	18.8
RiverSource Collective Funds
Beginning assets	$	11.2		$	11.3		$	11.3		$	11.2		$	10.8		(4	)%	$	12.1		$	11.2
Sales	0.5			0.4			0.3			0.4			0.5			—		0.9			0.9
Redemptions	(0.7		)	(0.7		)	(0.8		)	(1.2		)	(0.6		)	14	%	(1.9		)	(1.8		)
Market appreciation (depreciation)	0.1			0.2			0.2			0.4			—				#	0.1			0.4
Other	0.2			0.1			0.2			0.0			(0.1		)		#	0.1			(0.1		)
Total ending assets	$	11.3		$	11.3		$	11.2		$	10.8		$	10.6		(6	)%	$	11.3		$	10.6

#  Variance of 100% or greater.

12

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment

Institutional Managed Assets Rollforwards

																2Q’06
	2Q			3Q			4Q			1Q			2Q			vs. 2Q’05		YTD			YTD
(in billions, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
RiverSource Managed Institutional Accounts
Beginning assets	$	30.1		$	29.1		$	27.3		$	27.2		$	27.5		(9	)%	$	30.8		$	27.2
Sales	1.5			0.3			1.0			1.4			0.6			(60	)%	2.4			2.0
Redemptions	(3.0		)	(2.3		)	(0.6		)	(0.8		)	(0.6		)	80	%	(4.4		)	(1.4		)
Market appreciation (depreciation)	0.3			—			0.1			0.1			(0.1		)		#	0.1			—
Other	0.2			0.2			(0.6		)	(0.4		)	(0.1		)		#	0.2			(0.5		)
Total ending assets	$	29.1		$	27.3		$	27.2		$	27.5		$	27.3		(6	)%	$	29.1		$	27.3
RiverSource Managed Institutional Assets by Type
Equity ending assets	$	5.8		$	4.1		$	2.7		$	2.5		$	2.5		(57	)%	$	5.8		$	2.5
Fixed income ending assets	22.9			23.0			23.8			24.8			24.3			6	%	22.9			24.3
Money market ending assets	0.3			0.1			0.6			0.2			0.4			33	%	0.3			0.4
Other ending assets	0.1			0.1			0.1			—			0.1			—		0.1			0.1
Total ending assets	$	29.1		$	27.3		$	27.2		$	27.5		$	27.3		(6	)%	$	29.1		$	27.3
Threadneedle Managed Institutional Accounts
Beginning assets	$	98.3		$	99.2		$	100.1		$	100.2		$	104.7		7	%	$	101.4		$	100.2
Sales	5.1			5.5			6.9			4.5			5.8			14	%	8.0			10.3
Redemptions	(6.2		)	(6.9		)	(7.8		)	(5.5		)	(6.7		)	(8	)%	(11.0		)	(12.2		)
Market appreciation (depreciation)	3.2			4.2			2.7			4.2			(2.6		)		#	3.7			1.6
Other	(1.2		)	(1.9		)	(1.7		)	1.3			4.6				#	(2.9		)	5.9
Total ending assets	$	99.2		$	100.1		$	100.2		$	104.7		$	105.8		7	%	$	99.2		$	105.8
Threadneedle Managed Institutional Assets by Type
Equity ending assets	$	48.9		$	51.4		$	50.7		$	54.8		$	53.4		9	%	$	48.9		$	53.4
Fixed income ending assets	33.8			33.0			33.4			33.5			35.7			6	%	33.8			35.7
Money market ending assets	6.6			5.4			5.8			5.8			5.3			(20	)%	6.6			5.3
Other ending assets	9.9			10.3			10.3			10.6			11.4			15	%	9.9			11.4
Total ending assets	$	99.2		$	100.1		$	100.2		$	104.7		$	105.8		7	%	$	99.2		$	105.8

#  Variance of 100% or greater.

13

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment

Financial Advisor Managed Assets Rollforwards

																2Q’06
	2Q			3Q			4Q			1Q			2Q			vs. 2Q’05		YTD			YTD
(in billions, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
Ameriprise Wrap Accounts
Beginning assets	$	39.5		$	42.7		$	47.0		$	49.7		$	54.9		39	%	37.3			49.7
Mutual fund net flows	1.5			1.4			1.3			1.9			1.9			27	%	3.3			3.8
Market appreciation (depreciation) and other	1.7			2.9			1.4			3.3			(0.1		)		#	2.1			3.2
Total ending assets	$	42.7		$	47.0		$	49.7		$	54.9		$	56.7		33	%	$	42.7		$	56.7
Money Market Funds as a % of Ending Assets	5.9		%	5.5		%	6.1		%	4.3		%	6.2		%			5.9		%	6.2		%
SAI Wrap Accounts
Beginning assets	$	5.8		$	6.1		$	6.7		$	8.0		$	9.1		57	%	$	5.1		$	8.0
Net flows	0.3			0.5			1.5			0.8			0.8				#	0.8			1.6
Market appreciation (depreciation) and other	—			0.1			(0.2		)	0.3			(0.1		)	—		0.2			0.2
Total ending assets	$	6.1		$	6.7		$	8.0		$	9.1		$	9.8		61	%	$	6.1		$	9.8

#  Variance of 100% or greater.

14

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment

Owned Assets Related to Variable Products

																2Q’06
	2Q			3Q			4Q			1Q			2Q			vs. 2Q’05		YTD			YTD
(in billions, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
Variable Annuities
Beginning balance	$	28.3		$	29.5		$	31.6		$	33.2		$	36.1		28	%	$	28.3		$	33.2
Deposits	1.6			1.7			1.7			2.1			2.5			56	%	2.8			4.6
Withdrawals and surrenders	(0.9		)	(0.9		)	(0.8		)	(1.0		)	(1.2		)	(33	)%	(1.6		)	(2.2		)
Net flows	0.7			0.8			0.9			1.1			1.3			86	%	1.2			2.4
Investment performance and interest credited	0.5			1.3			0.7			1.9			(0.8		)		#	—			1.1
Other	—			—			—			(0.1		)	0.1			—		—			—
Total ending balance - contract reserves	$	29.5		$	31.6		$	33.2		$	36.1		$	36.7		24	%	$	29.5		$	36.7
Assets Managed by RiverSource
Variable annuity separate account assets	$	15.7		$	16.2		$	16.4		$	17.2		$	17.3		10	%
Variable universal life assets (1)	2.1			2.1			2.2			2.3			2.3			10	%

⁽¹⁾Revenue associated with this product is included in the Protection segment.

#Variance of 100% or greater.

15

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment

Net Investment Income and Spread Products

																2Q’06
	2Q			3Q			4Q			1Q			2Q			vs. 2Q’05		YTD			YTD
(in millions, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
Net Investment Income
Realized gains (losses)	$	37		$	(8	)	$	6		$	1		$	6		(84	)%	$	44		$	7
Income related to interest credited and benefits line hedges	2			12			5			1			(13		)		#	(3		)	(12		)
Net investment income	$	484		$	480		$	486		$	475		$	427		(12	)%	$	957		$	902
Certificates (Excluding Discontinued Operations)
Beginning balance	$	6,282		$	6,427		$	6,392		$	5,649		$	5,180		(18	)%	$	5,831		$	5,649
Deposits	781			796			538			471			378			(52	)%	1,910			849
Withdrawals and surrenders	(683		)	(889		)	(1,337		)	(993		)	(738		)	(8	)%	(1,402		)	(1,731		)
Net flows	98			(93		)	(799		)	(522		)	(360		)		#	508			(882		)
Interest credited	48			58			56			55			42			(13	)%	85			97
Other	(1		)	—			—			(2		)	1				#	3			(1		)
Total ending balance	$	6,427		$	6,392		$	5,649		$	5,180		$	4,863		(24	)%	$	6,427		$	4,863
Asset earnings rate	4.60		%	4.65		%	4.83		%	4.89		%	4.93		%			4.61		%	4.91		%
Crediting rate	(2.82		)%	(3.17		)%	(3.34		)%	(3.48		)%	(3.66		)%			(2.73		)%	(3.57		)%
Spread (1)	1.78		%	1.48		%	1.49		%	1.41		%	1.27		%			1.88		%	1.34		%
Annuities Fixed Account Balances
Beginning balance	$	26,823		$	26,697		$	26,460		$	26,126		$	25,529		(5	)%	$	26,979		$	26,126
Deposits	344			249			207			237			221			(36	)%	692			458
Withdrawals and surrenders	(717		)	(761		)	(782		)	(1,060		)	(1,176		)	(64	)%	(1,446		)	(2,236		)
Net flows	(373		)	(512		)	(575		)	(823		)	(955		)		#	(754		)	(1,778		)
Policyholder interest credited	249			246			242			236			230			(8	)%	492			466
Other	(2		)	29			(1		)	(10		)	(3		)	(50	)%	(20		)	(13		)
Total ending balance	$	26,697		$	26,460		$	26,126		$	25,529		$	24,801		(7	)%	$	26,697		$	24,801
Capitalized Interest	$	5		$	4		$	1		$	3		$	2		(60	)%	$	10		$	5
Ending Balance Attributable to Variable Annuities Fixed Sub-Accounts	$	7,197		$	7,118		$	6,999		$	6,810		$	6,572		(9	)%	$	7,197		$	6,572
Asset earnings rate	5.55		%	5.75		%	5.60		%	5.83		%	5.64		%			5.65		%	5.73		%
Crediting rate	(3.59		)%	(3.56		)%	(3.54		)%	(3.54		)%	(3.54		)%			(3.60		)%	(3.54		)%
Spread (2)	1.96		%	2.19		%	2.06		%	2.29		%	2.10		%			2.05		%	2.19		%

#Variance of 100% or greater.

⁽¹⁾The investment income effect of options backing the Stock Market Certificate and the corresponding credited amounts to certificate holders has been excluded from these rates.

⁽²⁾Attributable to interest sensitive products only, which has ranged between 87% to 89% of the total ending annuities fixed accounts balance in the periods reported.  The asset earnings rate is a calculated theoretical yield obtained from the assignment of investment income using the investment year method of allocation.

16

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment

Selected Asset Management Performance Information

	2Q		3Q		4Q		1Q		2Q
	2005		2005		2005		2006		2006
RiverSource Mutual Fund Performance (1)
Equity - 12 month	66	%	66	%	69	%	73	%	69	%
Fixed Income - 12 month	45	%	45	%	50	%	50	%	44	%
Taxable Fixed Income - 12 month	50	%	70	%	80	%	78	%	67	%
Tax-exempt Fixed Income - 12 month	40	%	20	%	20	%	22	%	22	%
Equity - 3 year	52	%	43	%	38	%	56	%	53	%
Fixed Income - 3 year	44	%	31	%	38	%	43	%	41	%
Taxable Fixed Income - 3 year	67	%	67	%	67	%	80	%	63	%
Tax-exempt Fixed Income - 3 year	30	%	0	%	20	%	22	%	22	%
Threadneedle Mutual Fund Performance (2)
Equity - 12 month	36	%	62	%	69	%	84	%	83	%
Fixed Income - 12 month	78	%	67	%	78	%	78	%	44	%
Equity - 3 year	25	%	19	%	19	%	41	%	59	%
Fixed Income - 3 year	67	%	56	%	56	%	56	%	56	%

⁽¹⁾Percent of funds, equal weighted in top 2 Lipper quartiles.

⁽²⁾Percent of funds, equal weighted in top 2 S&P quartiles.

Aggregated data shows only actively-managed mutual funds by affiliated investment managers.

Aggregated data does not include mutual funds subadvised by advisors not affiliated with Ameriprise Financial, Inc. or index funds.

Aggregated equity rankings include RiverSource Portfolio Builder Series and other balanced and asset allocation funds that invest in both equities and fixed income.

RiverSource Portfolio Builder Series funds are funds of mutual funds that may invest in third-party subadvised funds.

Aggregated data only includes mutual funds in existence as of current quarter end.  Refer to Exhibit A for RiverSource individual mutual fund performance rankings and other important disclosures.

Exhibit A includes RiverSource performance rankings for funds subadvised by non-affiliated advisors for general reference although not included in the summary above.

17

Ameriprise Financial, Inc.

Asset Accumulation and Income Segment

Deferred Acquisition Costs Rollforwards

																2Q’06
	2Q			3Q			4Q			1Q			2Q			vs. 2Q’05		YTD			YTD
(in millions, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
Variable Annuities
Beginning balance	$	1,522		$	1,536		$	1,641		$	1,719		$	1,809		19	%	$	1,446		$	1,719
Capitalization	99			101			105			112			113			14	%	179			225
Amortization	(45		)	(35		)	(40		)	(48		)	(56		)	(24	)%	(91		)	(104		)
Other (FAS 115)	(40		)	39			13			26			21				#	2			47
Total ending balance	$	1,536		$	1,641		$	1,719		$	1,809		$	1,887		23	%	$	1,536		$	1,887
Fixed Annuities
Beginning balance	$	427		$	406		$	409		$	396		$	391		(8	)%	$	426		$	396
Capitalization	9			8			4			6			5			(44	)%	20			11
Amortization	(21		)	(15		)	(21		)	(21		)	(22		)	(5	)%	(43		)	(43		)
Other (FAS 115)	(9		)	10			4			10			7				#	3			17
Total ending balance	$	406		$	409		$	396		$	391		$	381		(6	)%	$	406		$	381
Other
Beginning balance	$	151		$	130		$	106		$	109		$	95		(37	)%	$	166		$	109
Capitalization	5			4			4			5			5			—		11			10
Amortization	(23		)	(19		)	(12		)	(18		)	(13		)	43	%	(47		)	(31		)
Other (FAS 115)	(3		)	(9		)	11			(1		)	1				#	—			—
Total ending balance	$	130		$	106		$	109		$	95		$	88		(32	)%	$	130		$	88

# Variance of 100% or greater.

18

Ameriprise Financial, Inc.

Protection Segment

Income Statements

																2Q’06 vs.
	2Q			3Q			4Q			1Q			2Q			2Q’05		YTD			YTD
(in millions, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
Revenues
Management, financial advice and service fees	$	16		$	17		$	18		$	19		$	19		19	%	$	32		$	38
Distribution fees	27			27			25			28			27			—		54			55
Net investment income	88			87			81			89			86			(2	)%	171			175
Premiums	285			207			234			226			234			(18	)%	560			460
Other revenues	107			108			113			111			130			21	%	214			241
Total revenues	523			446			471			473			496			(5	)%	1,031			969
Expenses
Compensation and benefits - field	21			47			23			23			22			5	%	45			45
Interest credited to account values	36			37			37			36			36			—		72			72
Benefits, claims, losses and settlement expenses	217			183			213			223			213			(2	)%	432			436
Amortization of deferred acquisition costs	45			(20		)	39			41			62			38	%	89			103
Interest and debt expense	—			—			—			—			—			—		—			—
Other expenses	74			67			81			76			71			(4	)%	150			147
Total expenses	393			314			393			399			404			3	%	788			803
Pretax segment income	$	130		$	132		$	78		$	74		$	92		(29	)%	$	243		$	166
Other Information
Net investment gains (losses), pretax	$	7		$	3		$	(2	)	$	2		$	—			#	$	9		$	2
Contribution margin	47.6		%	40.1		%	42.0		%	40.4		%	45.4		%			46.8		%	42.9		%
Allocated equity	$	2,007		$	2,068		$	2,162		$	2,173		$	2,234		11	%	$	2,007		$	2,234
Return on allocated equity for pretax segment income	24.4		%	23.7		%	21.9		%	19.7		%	17.7		%			24.4		%	17.7		%

#  Variance of 100% or greater.

19

Ameriprise Financial, Inc.

Protection Segment

Income Statements

Adjusted to Exclude AMEX Assurance

																2Q’06
	2Q			3Q			4Q			1Q			2Q			vs. 2Q’05		YTD			YTD
(in millions, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
Revenues
Management, financial advice and service fees	$	15		$	16		$	18		$	19		$	19		27	%	$	30		$	38
Distribution fees	27			27			25			28			27			—		54			55
Net investment income	85			84			81			89			86			1	%	165			175
Premiums	214			222			234			226			234			9	%	418			460
Other revenues	106			109			113			111			130			23	%	214			241
Total revenues	447			458			471			473			496			11	%	881			969
Expenses
Compensation and benefits - field	20			12			23			23			22			10	%	43			45
Interest credited to account values	36			37			37			36			36			—		72			72
Benefits, claims, losses and settlement expenses	197			234			213			223			213			8	%	393			436
Amortization of deferred acquisition costs	36			(20		)	39			41			62			72	%	72			103
Interest and debt expense	—			—			—			—			—			—		—			—
Other expenses	67			66			81			76			71			6	%	137			147
Total expenses	356			329			393			399			404			13	%	717			803
Adjusted pretax segment income	$	91		$	129		$	78		$	74		$	92		1	%	$	164		$	166
Other Information
Adjusted net investment gains (losses), pretax	$	7		$	3		$	(2	)	$	2		$	—			#	$	9		$	2
Adjusted contribution margin	43.4		%	38.2		%	42.0		%	40.4		%	45.4		%			42.3		%	42.9		%
Allocated equity	$	2,007		$	2,068		$	2,162		$	2,173		$	2,234		11	%	$	2,007		$	2,234
Return on allocated equity for adjusted pretax segment income	16.6		%	17.9		%	17.9		%	17.7		%	17.3		%			16.6		%	17.3		%

#  Variance of 100% or greater.

20

Ameriprise Financial, Inc.

Protection Segment

Adjusted Revenues by Product

																			2Q’06
	2Q			3Q				4Q			1Q				2Q				vs. 2Q’05		YTD				YTD
(in millions, unaudited)	2005			2005				2005			2006				2006				% Change		2005				2006
Revenues
Management, financial advice and service fees
VUL / UL	$	14		$	16			$	16		$	18			$	18			29	%	$	28			$	36
Auto and Home	1			—				1			1				1				—		2				2
Disability income, LTC and other	—			—				1			—				—				—		—				—
Adjusted Management, financial advice and service fees	15			16				18			19				19				27	%	30				38
AMEX Assurance	1			1				—			—				—					#	2				—
Total Management, financial advice and service fees	16			17				18			19				19				19	%	32				38
Distribution fees
VUL / UL	18			18				17			18				19				6	%	35				37
Auto and Home	—			—				—			1				—				—		1				1
Disability income, LTC and other	9			9				8			9				8				(11	)%	18				17
Adjusted Distribution fees	27			27				25			28				27				—		54				55
AMEX Assurance	—			—				—			—				—				—		—				—
Total Distribution fees	27			27				25			28				27				—		54				55
Net investment income
VUL / UL	28			30				31			31				29				4	%	59				60
Traditional life	4			4				4			4				4				—		8				8
Auto and Home	7			7				9			10				10				43	%	13				20
Disability income, LTC and other	46			43				37			44				43				(7	)%	85				87
Adjusted Net investment income	85			84				81			89				86				1	%	165				175
AMEX Assurance	3			3				—			—				—					#	6				—
Total Net investment income	88			87				81			89				86				(2	)%	171				175
Premiums
Traditional life	19			16				22			18				18				(5	)%	37				36
Auto and Home	121			132				136			133				139				15	%	236				272
Disability income, LTC and other	74			74				76			75				77				4	%	145				152
Adjusted Premiums	214			222				234			226				234				9	%	418				460
AMEX Assurance	71			(15			)	—			—				—					#	142				—
Total Premiums	285			207				234			226				234				(18	)%	560				460
Other revenues
VUL / UL	108			109				110			111				132				22	%	216				243
Auto and Home	(1		)	—				—			(1			)	—					#	(2			)	(1			)
Disability income, LTC and other	(1		)	—				3			1				(2			)		#	—				(1			)
Adjusted Other revenues	106			109				113			111				130				23	%	214				241
AMEX Assurance	1			(1			)	—			—				—					#	—				—
Total Other revenues	107			108				113			111				130				21	%	214				241
Total revenues	$	523		$	446			$	471		$	473			$	496			(5	)%	$	1,031			$	969
Total revenues by product
VUL / UL	$	168		$		173		$		174	$		178		$		198		18	%	$		338		$		376
Traditional life	23			20				26			22				22				(4	)%	45				44
Auto and Home	128			139				146			144				150				17	%	250				294
Disability income, LTC and other	128			126				125			129				126				(2	)%	248				255
Adjusted Total revenues by product	447			458				471			473				496				11	%	881				969
AMEX Assurance	76			(12			)	—			—				—					#	150				—
Total revenues by product	$	523		$	446			$	471		$	473			$	496			(5	)%	$	1,031			$	969

#  Variance of 100% or greater.

21

Ameriprise Financial, Inc.

Protection Segment

Selected Statistical Information

																2Q’06
	2Q			3Q			4Q			1Q			2Q			vs. 2Q’05		YTD			YTD
(in millions unless otherwise noted, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
Sales
VUL/UL (1)	$	80		$	88		$	92		$	90		$	86		8	%	$	160		$	176
Term and whole life	5			5			5			5			5			—		10			10
Disability income	6			5			6			5			5			(17	)%	11			10
Long-term care and other	10			10			10			10			10			—		21			20
Lapse Rate
VUL/UL	5.2		%	5.2		%	5.0		%	5.7		%	5.6		%			5.1		%	5.6		%
Face Amount Outstanding
VUL/UL	$	102,775		$	104,331		$	105,924		$	107,531		$	108,974		6	%	$	102,775		$	108,974
Term and whole life	48,480			50,255			52,163			54,346			56,517			17	%	48,480			56,517
Other (2)	1,961			1,941			1,931			1,906			1,882			(4	)%	1,961			1,882
Total Face Amount Outstanding	$	153,216		$	156,527		$	160,018		$	163,783		$	167,373		9	%	$	153,216		$	167,373
Policyholder Reserves
VUL/UL	$	6,847		$	7,131		$	7,327		$	7,708		$	7,653		12	%	$	6,847		$	7,653
Term and whole life	231			232			234			234			237			3	%	231			237
Disability income	341			348			356			368			374			10	%	341			374
Long-term care and other	2,044			2,081			2,107			2,133			2,147			5	%	2,044			2,147
Net Amount at Risk (3)
VUL/UL	$	49,792		$	49,171		$	48,804		$	48,047		$	47,731		(4	)%	$	49,792		$	47,731
Term and whole life	15,896			15,605			15,616			15,449			15,435			(3	)%	15,896			15,435
Auto and Home Insurance
Policy count (in thousands)	434			445			451			459			469			8	%	434			469
Loss ratio	81.8		%	83.3		%	82.6		%	82.8		%	74.4		%			82.1		%	78.5		%
Expense ratio	15.1		%	13.0		%	17.2		%	14.9		%	15.7		%			15.3		%	15.3		%

⁽¹⁾     Includes lump sum deposits.

⁽²⁾     Includes only other life insurance.

⁽³⁾     Face amount outstanding less policyholder reserves net of re-insurance.

#  Variance of 100% or greater.

22

Ameriprise Financial, Inc.

Protection Segment

Product Rollforwards

																							2Q’06
	2Q						3Q				4Q				1Q				2Q				vs. 2Q’05		YTD				YTD
(in millions, unaudited)	2005						2005				2005				2006				2006				% Change		2005				2006
Future Policy Benefits and Policyholder Account Balances
VUL/UL
Beginning balance	$				6,704		$		6,847		$		7,131		$		7,327		$	7,708			15	%	$		6,686		$		7,327
Premiums and deposits	244						249				259				266				264				8	%	495				530
Investment performance and interest credited	100						246				139				339				(98			)		#	62				241
Withdrawals and surrenders	(210					)	(229			)	(221			)	(242			)	(244			)	(16	)%	(415			)	(486			)
Other	9						18				19				18				23					#	19				41
Total ending balance	$	6,847					$	7,131			$	7,327			$	7,708			$	7,653			12	%	$	6,847			$	7,653
Deferred Acquisition Costs
VUL/UL
Beginning balance	$				1,260		$		1,269		$		1,350		$		1,371		$		1,397		11	%	$		1,239		$		1,371
Capitalization	32						34				34				34				31				(3	)%	62				65
Amortization	(16					)	40				(16			)	(14			)	(10			)	38	%	(32			)	(24			)
Other (FAS 115)	(7					)	7				3				6				4					#	—				10
Total ending balance	$	1,269					$	1,350			$	1,371			$	1,397			$	1,422			12	%	$	1,269			$	1,422
Term and Whole Life
Beginning balance	$				94		$		96		$		100		$		101		$		102		9	%	$		92		$		101
Capitalization	7						7				6				6				6				(14	)%	13				12
Amortization	(4					)	(3			)	(6			)	(6			)	(4			)	—		(8			)	(10			)
Other	(1					)	—				1				1				—					#	(1			)	1
Total ending balance	$	96					$	100			$	101			$	102			$	104			8	%	$	96			$	104
Disability Income, LTC and Other
Beginning balance	$			439			$		443		$		445		$		448		$		446		2	%	$		436		$		448
Capitalization	15						16				16				15				12				(20	)%	29				27
Amortization	(11					)	(12			)	(12			)	(16			)	(13			)	(18	)%	(23			)	(29			)
Other	—						(2			)	(1			)	(1			)	2					#	1				1
Total ending balance	$	443					$	445			$	448			$	446			$	447			1	%	$	443			$	447
Auto and Home
Beginning balance	$		34				$		35		$		37		$		38		$		40		18	%	$		32		$		38
Capitalization	6						7				6				7				8				33	%	12				15
Amortization	(5					)	(5			)	(5			)	(5			)	(35			)		#	(9			)	(40			)
Other	—						—				—				—				—					#	—				—
Total ending balance	$	35					$	37			$	38			$	40			$	13			(63	)%	$	35			$	13

#  Variance of 100% or greater.

23

Ameriprise Financial, Inc.

Corporate and Other and Eliminations Segment

Income Statements

																2Q’06
	2Q			3Q			4Q			1Q			2Q			vs. 2Q’05		YTD			YTD
(in millions, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
Revenues
Management, financial advice and service fees	$	62		$	47		$	41		$	45		$	48		(23	)%	$	107		$	93
Distribution fees	1			—			3			—			1			—		—			1
Net investment income (loss)	(14		)	(6		)	7			10			9				#	(22		)	19
Premiums (1)	(6		)	(5		)	(6		)	(6		)	(5		)	17	%	(11		)	(11		)
Other revenues	5			7			10			5			11				#	14			16
Total revenues	48			43			55			54			64			33	%	88			118
Expenses
Compensation and benefits - field	40			30			35			34			38			(5	)%	69			72
Interest and debt expense	19			16			21			20			23			21	%	36			43
Other expenses	43			40			12			44			47			9	%	58			91
Total expenses before separation costs	102			86			68			98			108			6	%	163			206
Pretax segment loss before separation costs	(54		)	(43		)	(13		)	(44		)	(44		)	19	%	(75		)	(88		)
Separation costs, pretax	56			92			125			67			84			50	%	76			151
Pretax segment loss	$	(110	)	$	(135	)	$	(138	)	$	(111	)	$	(128	)	(16	)%	$	(151	)	$	(239	)
Other Information
Net investment gains (losses), pretax	$	13		$	(1	)	$	1		$	1		$	—			#	$	14		$	1
Allocated equity	1,030			2,060			1,812			1,759			1,900			84	%	1,030			1,900

⁽¹⁾     Represents the elimination of intercompany E&O premiums recorded in the Protection segment.

#  Variance of 100% or greater.

24

Ameriprise Financial, Inc.

Capital and Ratings Information

	June 30,			September 30,			December 31,			March 31,			June 30,
(in millions, unaudited)	2005			2005			2005			2006			2006
Balance Sheet Detail
American Express debt	$	1,596		$	—		$	—		$	—		$	—
Senior notes	—			1,350			1,500			1,500			1,500
Fixed rate sales leaseback	18			—			—			—			—
Medium term notes	50			50			50			—			—
Junior subordinated notes(1)	—			—			—			—			500
Non-recourse
Debt of CDO	310			310			283			283			254
Debt of property fund limited partnerships	—			—			—			138			165
Subtotal non-recourse debt	310			310			283			421			419
Total debt	$	1,974		$	1,710		$	1,833		$	1,921		$	2,419
Total debt excluding non-recourse debt	$	1,664		$	1,400		$	1,550		$	1,500		$	2,000
Total debt excluding non-recourse debt and 75% equity credit(1)	$	1,664		$	1,400		$	1,550		$	1,500		$	1,625
Shareholders’ Equity
Common stock	$	2		$	2		$	2		$	3		$	3
Additional paid-in capital	2,924			4,094			4,091			4,208			4,254
Retained earnings	3,753			3,661			3,745			3,862			3,976
Treasury stock	—			—			—			(290		)	(332		)
Accumulated other comprehensive income (loss), net of tax	314			(20		)	(151		)	(442		)	(666		)
Total shareholders’ equity	$	6,993		$	7,737		$	7,687		$	7,341		$	7,235
Total capital	$	8,967		$	9,447		$	9,520		$	9,262		$	9,654
Total capital excluding non-recourse debt	8,657			9,137			9,237			8,841			9,235
Junior subordinate notes equity credit	—			—			—			—				375
Other Information
Ratio of earnings to fixed charges	7.3		x	8.0		x	5.1		x	6.6		x	5.8		x
Ratio of earnings to fixed charges without non-recourse debt interest	8.4		x	8.7		x	5.1		x	7.8		x	7.0		x
Debt to total capital	22.0		%	18.1		%	19.3		%	20.7		%	25.1		%
Debt to total capital (excluding non-recourse debt)	19.2		%	15.3		%	16.8		%	17.0		%	21.7		%
Debt to total capital excluding non-recourse debt and 75% equity credit(1)	—			—			—			—			17.6		%
Double Leverage	115.8		%	106.9		%	103.7		%	105.9		%	105.8		%
	A.M. Best			S & P			Moody’s			Fitch
Financial Strength
Claims Paying Rating
IDS Life Insurance Company	A+			AA-			Aa3			AA-
IDS Property Casualty Ins. Company	A			N/R			N/R			N/R
Debt Ratings
Ameriprise Financial, Inc.	a-			A-			A3			A-

⁽¹⁾ The Company’s junior subordinated notes receive an equity credit of at least 75% by the majority of rating agencies.

25

Ameriprise Financial, Inc.

Non-GAAP Financial Information

Ameriprise Financial, Inc. (the Company) follows accounting principles generally accepted in the United States (GAAP). This report includes information on both a GAAP and non-GAAP basis.

Certain non-GAAP measures in this report exclude items that are a direct result of the separation from American Express Company, which consist of discontinued operations, AMEX Assurance and non-recurring separation costs. These non-GAAP financial measures, which management views as important indicators of financial performance, include:

• Consolidated income statements adjusted to exclude AMEX Assurance and separation costs;

• Protection segment income statements adjusted to exclude AMEX Assurance;

• Total expenses before separation costs;

• Adjusted net investment gains (losses), pretax (adjusted to exclude AMEX Assurance);

• Adjusted earnings (adjusted to exclude AMEX Assurance) and separation costs;

• Adjusted contribution margin (adjusted to exclude AMEX Assurance);

• Income before income tax provision, discontinued operations and separation costs;

• Income tax provision before tax benefit attributable to separation costs;

• Income before discontinued operations and separation costs;

• Separation cost, after-tax;

• Adjusted pretax segment income (adjusted to exclude AMEX Assurance);

• Adjusted return on allocated equity (adjusted to exclude AMEX Assurance); and

• Pretax segment loss before separation costs.

Management believes that the presentation of these non-GAAP financial measures excluding these specific income statement impacts best reflects the underlying performance of the Company’s ongoing operations and facilitates a more meaningful trend analysis. These non-GAAP measures are also used for goal setting, certain compensation related to the Company’s annual incentive award program and evaluating the Company’s performance on a basis comparable to that used by securities analysts.

The Company presents a debt to capital ratio excluding non-recourse debt of a CDO consolidated in accordance with FIN 46R and non-recourse debt of property fund limited partnerships managed by Threadneedle consolidated in accordance with EITF 04-5. Management believes that the debt to capital ratio excluding this non-recourse debt better represents the Company’s capital structure.

Reclassification

Certain prior period information has been restated to conform to current period presentation.

26

Ameriprise Financial, Inc.

Glossary of Selected Terminology

Adjusted Contribution Margin - Total revenues less compensation and benefits - field, interest credited to account values and benefits, claims, losses and settlement expenses as a percentage of total revenues. Amounts exclude AMEX Assurance.

Adjusted Earnings - Income before discontinued operations, AMEX Assurance and non-recurring separation costs.

Adjusted Net Investment Gains (Losses), Pretax - Represents the net investment gains (losses) adjusted to exclude AMEX Assurance.

Adjusted Return on Equity - Adjusted return on equity (“ROE”) is calculated using as the numerator adjusted earnings for the last twelve months and as the denominator a five point average of equity excluding both the assets and liabilities of discontinued operations and equity allocated to expected non-recurring separation costs as of the last day of the preceding four quarters and the current quarter.

Administered Assets - Administered assets include assets for which the Company provides administrative services such as assets of its clients invested in other companies’ products that the Company offers outside of its wrap accounts. These assets include those held in customers’ brokerage accounts. The Company does not exercise management discretion over these assets and does not earn a management fee. These assets are not reported on the Company’s Consolidated Balance Sheets.

Allocated Equity -  The internal allocation of consolidated shareholders’ equity, excluding accumulated other comprehensive income (loss), to the Company’s operating segments for purposes of measuring segment return on allocated equity. Allocated equity does not represent insurance company risk-based capital or other regulatory capital requirements applicable to the Company and certain of its subsidiaries.

AMEX Assurance Company - A legal entity owned by IDS Property Casualty Insurance Company that offers travel and other card insurance to American Express customers. This business had historically been reported in the Travel Related Services segment of American Express Company (“American Express”). Under the separation agreement with American Express, 100 percent of this business was ceded to an American Express subsidiary in return for an arm’s length ceding fee. Ameriprise Financial expects to sell the legal entity of AMEX Assurance to American Express within two years after September 30, 2005 for a fixed price equal to the net book value of AMEX Assurance.

Asset Accumulation and Income Segment – This segment offers products and services, both the Company’s and other companies’, to help the Company’s retail clients address identified financial objectives related to asset accumulation and income management. Products and services in this segment are related to financial advice services, asset management, brokerage and banking, and include mutual funds, wrap accounts, variable and fixed annuities, brokerage accounts and investment certificates. This operating segment also serves institutional clients by providing investment management services in separately managed accounts, sub-advisory, alternative investments and 401(k) markets. The Company earns revenues in this segment primarily through fees we receive based on managed assets and annuity separate account assets. These fees are impacted by both market movements and net asset flows. The Company also earns net investment income on owned assets, principally supporting the fixed annuity business and distribution fees on sales of mutual funds and other products.  This segment includes the results of SAFC, which through its operating subsidiary, Securities America, Inc., operates its own separately branded distribution network.

Auto and Home Insurance - Personal auto and home protection products marketed directly to customers through marketing alliances such as with Costco Wholesale and Ford Motor Credit Company. The Company sells these products through its auto and home insurance subsidiary, IDS Property Casualty Insurance Company (doing business as Ameriprise Auto & Home).

Book Value per Share - Total shareholders’ equity divided by the number of common shares outstanding and nonforeitable restricted stock rights vested at period-end.

Branded Advisor Clients - Individual, business, or institutional clients that receive investment advice and other services from an Ameriprise employee or franchisee-based financial advisor excluding Financial Service Center clients.

Clients With a Financial Plan Percentage - The period-end number of our current clients who have received a financial plan, or have entered into an agreement to receive and have paid for a financial plan, divided by the number of active retail client groups, serviced by branded employees, franchise advisors and the Company’s customer service organization.

Company - Ameriprise Financial, Inc. and consolidated subsidiaries. Effective August 1, 2005, the Company transferred its 50% ownership interest and the related assets and liabilities of American Express International Deposit Company (“AEIDC”) to American Express Company as part of the separation agreement with American Express. The assets, liabilities and results of operations of AEIDC are reported as discontinued operations.

Contribution Margin - Total revenues less compensation and benefits - field, interest credited to account values and benefits, claims, losses and settlement expenses as a percentage of total revenues.

Corporate and Other and Eliminations Segment – This segment consists of income derived from financial planning fees, corporate level assets and unallocated corporate expenses. This segment also includes non-recurring costs associated with the Company’s separation from American Express. For purposes of presentation in the statistical supplement, this segment also includes eliminations.

27

Debt to Capital Ratio - A ratio comprised of total debt divided by total capital. This ratio is also presented excluding non-recourse debt of a collateralized debt obligation (“CDO”) consolidated in accordance with FIN 46R and non-recourse debt of property fund limited partnerships managed by Threadneedle consolidated in accordance with EITF 04-5. In addition, we provide debt to capital ratio information excluding non-recourse debt that reflects an equity credit on our junior subordinated notes issued May 26, 2006. These junior subordinated notes receive an equity credit of at least 75% by the majority of rating agencies.

Deferred Acquisition Costs and Amortization - Deferred acquisition costs (“DAC”) represents the costs of acquiring new protection, annuity and certain mutual fund business, principally direct sales commissions and other distribution and underwriting costs that have been deferred on the sale of annuity, life, disability income and long-term care insurance and, to a lesser extent, deferred marketing and promotion expenses on auto and home insurance and deferred distribution costs on certain mutual fund products. These costs are deferred to the extent they are recoverable from future profits. For the annuity and protection products, DAC is amortized over the periods approximating the lives of the business, principally as a percentage of premiums or estimated gross profits associated with the products, depending on the product’s characteristics. For certain mutual fund products, DAC is generally amortized over fixed periods on a straight-line basis adjusted for redemptions.

Double Leverage - A ratio reflecting parent-company equity investments, including goodwill, in consolidated operating subsidiaries divided by total shareholders’ equity.

Effective Tax Rate on Adjusted Earnings - Represents the ratio of income tax provision before tax benefit attributable to separation costs, divided by income before income tax provision, discontinued operations, and separation costs.

Financial Plans Sold - The number of financial plans that, during the period, have been paid for and have been or will be provided to a client based on an agreement, less financial plans sold in prior periods not delivered within 14 months.

Gross Dealer Concession - An internal measure, commonly used in the financial services industry, of the sales production of the financial advisor channel.

Managed Assets - Managed assets includes client assets for which the Company provides investment management and other services, such as the assets of the RiverSource family of mutual funds, assets of institutional clients and assets held in its wrap accounts (retail accounts for which the Company receives a fee based on assets held in the account). Managed assets also include assets managed by sub-advisors selected by the Company. Managed assets do not include owned assets or administered assets. These assets are not reported on the Company’s Consolidated Balance Sheets.

Mass Affluent - Individuals with $100,000 to $1 million in investable assets.

Mass Affluent Clients - Individuals with over $100,000 in investable assets or comparable product values with the Company.

Net Flows - Sales less redemptions plus other. Other includes reinvested dividends.

Net Income Margin - A ratio representing net income as a percentage of total revenues.

Owned Assets - Owned assets include certain financial assets on the Company’s Consolidated Balance Sheet, principally investments in the general and separate accounts of its life insurance subsidiaries, as well as cash and cash equivalents, restricted and segregated cash and receivables.

Pretax Segment Income (Loss) – Segment income (loss) before income tax provision (benefit) and discontinued operations.

Protection Segment – This segment offers a variety of protection products, both the Company’s and other companies’, including life, disability income, long-term care and auto and home insurance to address the identified protection and risk management needs of the Company’s retail clients. The Company earns revenues in this operating segment primarily through premiums, fees and charges that the Company receives to assume insurance-related risk, fees the Company receives on owned assets and net investment income the Company earns on assets on the Company’s consolidated balance sheets related to this segment.

Ratio of Earnings to Fixed Charges - A ratio comprised of earnings divided by fixed charges. Earnings are defined as income before income tax provision, discontinued operations and accounting change plus interest and debt expense, interest portion of rental expense, amortization of capitalized interest and adjustments related to equity investees and minority interests in consolidated entities. Fixed charges are defined as interest and debt expense, and the interest portion of rental expense and capitalized interest. The ratio is also presented excluding the effect of interest on non-recourse debt of a collateralized debt obligation consolidated in accordance with FIN 46R and the Threadneedle managed property fund limited partnerships consolidated in accordance with EITF 04-5.

Return on Allocated Equity for Pretax Segment Income or Adjusted Pretax Segment Income – Calculated using pretax segment income or adjusted pretax segment income for the last twelve months and the average allocated equity as of the last day of the trailing four quarters. Estimates of pretax segment income for the last three quarters of 2004 were used in these calculations.

RiverSource Managed Assets - Managed client assets of RiverSource Investments, LLC, an SEC-registered investment adviser that offers investment products and services under the names RiverSource Institutional Advisors, RiverSource Alternative Investments, RiverSource Capital Management and RiverSource Insurance Assets.

28

Securities America Financial Corporation - Securities America Financial Corporation (“SAFC”) is a corporation whose sole function is to hold the stock of its operating subsidiaries, Securities America, Inc. (“SAI”) and Securities America Advisors, Inc. (“SAA”). SAI is a registered broker-dealer and an insurance agency. SAA is an SEC registered investment advisor.

Separate Accounts - Represent assets and liabilities that are maintained and established primarily for the purpose of funding variable annuity and insurance products. The assets of the separate account are only available to fund the liabilities of the variable annuity contract holders and others with contracts requiring premiums or other deposits to the separate account. Clients elect to invest premiums in stock, bond and/or money market funds depending on their risk tolerance. All investment performance, net of fees, is passed through to the client.

Separation Costs - The Company has incurred significant non-recurring separation costs as a result of the separation from American Express. Separation costs generally consist of costs associated with separating and reestablishing the Company’s technology platforms, establishing the Ameriprise Financial brand and advisor and employee retention programs.

Separation Costs, After-Tax – For this non-GAAP presentation of non-recurring separation costs, after-tax is calculated in each quarter using the statutory tax rate of 35%, adjusted for permanent differences, if any.

Strategic Portfolio Services - Strategic Portfolio Services (“SPS”)  is a non-discretionary investment advisory wrap account program offering mutual funds, publicly traded securities and other financial account features. SPS provides execution of securities transactions for an asset-based fee, periodic portfolio reviews and ongoing investment advice.

Third Party Distribution - Distribution of RiverSource products, which include a variety of equity and fixed income mutual funds, annuities, and insurance products, to retail clients through unaffiliated financial institutions and broker-dealers. The Third Party channel is separate from the Branded Advisor, Threadneedle, SAFC, and Institutional sales channels.

Total Clients - The sum of all clients, individual, business, and institutional, that receive investment management and/or other services, excluding those clients serviced by SAFC and Threadneedle.

Total Capital - Total shareholders’ equity plus total debt. Total capital is also presented excluding non-recourse debt.

Wrap Accounts - Wrap accounts enable the Company’s clients to purchase securities such as mutual funds in connection with investment advisory fee-based “wrap account” programs or services. The Company offers clients the opportunity to select proprietary and non-proprietary funds. The Company currently offers discretionary and non-discretionary investment advisory wrap accounts. In a discretionary wrap account, an unaffiliated investment advisor or an investment management subsidiary, RiverSource Investments, LLC chooses the underlying investments in the portfolio on behalf of the client. In a non-discretionary wrap account, the client chooses the underlying investments in the portfolio based, to the extent the client elects, in part or whole on the recommendations of their financial advisor. Investors in the Company’s wrap accounts generally pay an asset based fee based on the assets held in their wrap accounts. These investors also pay any related fees or costs included in the underlying securities held in that account, such as underlying mutual fund operating expenses and Rule 12b-1 fees.

29

EXHIBIT A

RiverSource^SM Mutual Fund Performance and
Lipper Ranking

Equity Fund Performance & Lipper Ranking

As of June 30, 2006

Source of Data: Lipper

	Total Net	Total Net	Rankings and Annualized Returns at NAV
	Assets	Assets	1 year			3 years			5 years
Class A Shares by Lipper Category	(Mil $)	Date	Return	Ranking		Return	Ranking		Return	Ranking
Emerging Market Funds
RiverSourceSM Emerging Markets Fund	505.90	6/30/2006	36.04	35	%	32.55	57	%	19.30	71	%
Lipper Fund Ranking / Total Funds in Category				69 / 200			101 / 177			100 / 140
Equity Income Funds
RiverSourceSM Diversified Equity Income Fund	6,622.20	6/30/2006	21.04	2	%	21.53	2	%	10.38	4	%
Lipper Fund Ranking / Total Funds in Category				3 / 225			2 / 163			5 / 124
RiverSourceSM Dividend Opportunity Fund	1,242.90	6/30/2006	10.34	43	%	11.23	72	%	0.42	95	%
Lipper Fund Ranking / Total Funds in Category				97 / 225			118 / 163			118 / 124
European Region Funds
RiverSourceSM European Equity Fund	110.40	6/30/2006	28.15	36	%	20.14	87	%	7.66	74	%
Lipper Fund Ranking / Total Funds in Category				37 / 103			83 / 95			61 / 82
Flexible Portfolio Funds
RiverSourceSM Strategic Allocation Fund	1,282.20	6/30/2006	10.80	25	%	11.68	32	%	5.20	34	%
Lipper Fund Ranking / Total Funds in Category				31 / 123			34 / 106			28 / 83
Global Large Cap Growth Funds
RiverSourceSM Global Equity Fund	700.30	6/30/2006	24.40	5	%	19.16	11	%	5.30	24	%
Lipper Fund Ranking / Total Funds in Category				3 / 70			6 / 54			11 / 46
Gold-Oriented Funds
RiverSourceSM Precious Metals Fund	108.50	6/30/2006	69.54	48	%	28.74	70	%	27.13	83	%
Lipper Fund Ranking / Total Funds in Category				26 / 54			34 / 48			33 / 39
International Large Cap Core Funds
RiverSourceSM International Opportunity Fund	588.90	6/30/2006	29.25	12	%	20.79	53	%	6.32	73	%
Lipper Fund Ranking / Total Funds in Category				25 / 208			101 / 193			116 / 160
International Multi Cap Growth Funds
RiverSourceSM International Aggressive Growth Fund *	438.60	6/30/2006	27.96	27	%	24.84	15	%
Lipper Fund Ranking / Total Funds in Category				45 / 167			22 / 147
International Multi Cap Value Funds
RiverSourceSM International Equity Fund *	179.90	6/30/2006	27.87	34	%	21.28	86	%
Lipper Fund Ranking / Total Funds in Category				40 / 120			89 / 103
RiverSourceSM International Select Value Fund *	1,817.60	6/30/2006	29.86	19	%	25.41	37	%
Lipper Fund Ranking / Total Funds in Category				22 / 120			38 / 103
International Small/Mid Cap Core Funds
RiverSourceSM International Small Cap Fund *	105.60	6/30/2006	19.40	76	%	22.67	88	%
Lipper Fund Ranking / Total Funds in Category				38 / 49			41 / 46
Large Cap Core Funds
RiverSourceSM Large Cap Equity Fund	8,075.90	6/30/2006	5.55	73	%	7.88	74	%
Lipper Fund Ranking / Total Funds in Category				617 / 848			534 / 725
RiverSourceSM Fundamental Growth Fund *	166.50	6/30/2006	3.57	89	%	4.71	96	%
Lipper Fund Ranking / Total Funds in Category				751 / 848			690 / 725
RiverSourceSM Disciplined Equity Fund	1,943.10	6/30/2006	9.89	20	%	10.97	28	%
Lipper Fund Ranking / Total Funds in Category				167 / 848			200 / 725
Large Cap Growth Funds
RiverSourceSM Growth Fund	3,362.30	6/30/2006	3.41	70	%	7.34	61	%	-2.11	65	%
Lipper Fund Ranking / Total Funds in Category				490 / 705			358 / 594			312 / 482
Large Cap Value Fund
RiverSourceSM Equity Value Fund	1,145.20	6/30/2006	18.69	5	%	17.57	5	%	4.76	34	%
Lipper Fund Ranking / Total Funds in Category				21 / 494			18 / 416			101 / 298
RiverSourceSM Large Cap Value Fund	109.20	6/30/2006	7.97	77	%	11.35	74	%
Lipper Fund Ranking / Total Funds in Category				381 / 494			308 / 416
RiverSourceSM Value Fund *	412.20	6/30/2006	11.37	33	%	12.29	58	%	4.52	39	%
Lipper Fund Ranking / Total Funds in Category				163 / 494			238 / 416			115 / 298
Mid Cap Growth Funds
RiverSourceSM Mid Cap Growth Fund	1,757.90	6/30/2006	7.23	84	%	10.05	94	%	4.24	34	%
Lipper Fund Ranking / Total Funds in Category				478 / 572			445 / 473			120 / 360
RiverSourceSM Aggressive Growth Fund *	604.00	6/30/2006	15.23	29	%	16.32	33	%
Lipper Fund Ranking / Total Funds in Category				163 / 572			152 / 473

A1

	Rankings and Annualized Returns at NAV
				Fund	Since
	10 years			Inception	Inception		Ranking	Since
Class A Shares by Lipper Category	Return	Ranking		Date	Return		Date	Ranking
Emerging Market Funds
RiverSourceSM Emerging Markets Fund				11/13/1996	8.14		11/14/1996	52	%
Lipper Fund Ranking / Total Funds in Category								35 / 67
Equity Income Funds
RiverSourceSM Diversified Equity Income Fund	10.79	13	%	10/15/1990	12.95		10/18/1990	33	%
Lipper Fund Ranking / Total Funds in Category		10 / 76						9 / 27
RiverSourceSM Dividend Opportunity Fund	7.23	73	%	8/1/1988	9.59		8/4/1988	78	%
Lipper Fund Ranking / Total Funds in Category		56 / 76						17 / 21
European Region Funds
RiverSourceSM European Equity Fund				6/26/2000	1.04		6/26/2000	85	%
Lipper Fund Ranking / Total Funds in Category								56 / 65
Flexible Portfolio Funds
RiverSourceSM Strategic Allocation Fund	6.02	86	%	1/23/1985	10.89		1/24/1985	34	%
Lipper Fund Ranking / Total Funds in Category		36 / 41						2 / 5
Global Large Cap Growth Funds
RiverSourceSM Global Equity Fund	4.48	73	%	5/29/1990	5.89		5/31/1990	84	%
Lipper Fund Ranking / Total Funds in Category		16 / 21						5 / 5
Gold-Oriented Funds
RiverSourceSM Precious Metals Fund	3.81	76	%	4/22/1985	8.13		4/25/1985	37	%
Lipper Fund Ranking / Total Funds in Category		19 / 24						4 / 10
International Large Cap Core Funds
RiverSourceSM International Opportunity Fund	2.99	90	%	11/15/1984	8.72		11/15/1984	84	%
Lipper Fund Ranking / Total Funds in Category		59 / 65						5 / 5
International Multi Cap Growth Funds
RiverSourceSM International Aggressive Growth Fund *				9/28/2001	14.57		9/28/2001	36	%
Lipper Fund Ranking / Total Funds in Category								43 / 119
International Multi Cap Value Funds
RiverSourceSM International Equity Fund *				10/3/2002	20.27		10/3/2002	94	%
Lipper Fund Ranking / Total Funds in Category								84 / 89
RiverSourceSM International Select Value Fund *				9/28/2001	17.63		9/28/2001	27	%
Lipper Fund Ranking / Total Funds in Category								21 / 79
International Small/Mid Cap Core Funds
RiverSourceSM International Small Cap Fund *				10/3/2002	24.98		10/3/2002	75	%
Lipper Fund Ranking / Total Funds in Category								30 / 39
Large Cap Core Funds
RiverSourceSM Large Cap Equity Fund				3/28/2002	3.09		3/28/2002	46	%
Lipper Fund Ranking / Total Funds in Category								301 / 655
RiverSourceSM Fundamental Growth Fund *				4/24/2003	6.26		4/24/2003	96	%
Lipper Fund Ranking / Total Funds in Category								685 / 719
RiverSourceSM Disciplined Equity Fund				4/24/2003	13.40		4/24/2003	19	%
Lipper Fund Ranking / Total Funds in Category								134 / 719
Large Cap Growth Funds
RiverSourceSM Growth Fund	3.16	89	%	3/1/1972	11.73		3/2/1972	24	%
Lipper Fund Ranking / Total Funds in Category		148 / 167						6 / 25
Large Cap Value Fund
RiverSourceSM Equity Value Fund	8.12	54	%	3/20/1995	9.80		3/23/1995	57	%
Lipper Fund Ranking / Total Funds in Category		66 / 123						57 / 99
RiverSourceSM Large Cap Value Fund				6/27/2002	8.58		6/27/2002	59	%
Lipper Fund Ranking / Total Funds in Category								211 / 358
RiverSourceSM Value Fund *				6/18/2001	4.58		6/18/2001	43	%
Lipper Fund Ranking / Total Funds in Category								127 / 297
Mid Cap Growth Funds
RiverSourceSM Mid Cap Growth Fund	8.97	28	%	6/4/1957		^
Lipper Fund Ranking / Total Funds in Category		37 / 134
RiverSourceSM Aggressive Growth Fund *				4/24/2003	19.69		4/24/2003	23	%
Lipper Fund Ranking / Total Funds in Category								104 / 460

A2

	Annualized Returns at POP
	Max. Front
	Sales					Since
Class A Shares by Lipper Category	Charge	1 year	3 years	5 years	10 years	Inception
Emerging Market Funds
RiverSourceSM Emerging Markets Fund	5.75	28.22	29.96	17.89		7.48
Lipper Fund Ranking / Total Funds in Category
Equity Income Funds
RiverSourceSM Diversified Equity Income Fund	5.75	14.08	19.15	9.08	10.14	12.53
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Dividend Opportunity Fund	5.75	4.00	9.05	-0.76	6.60	9.23
Lipper Fund Ranking / Total Funds in Category
European Region Funds
RiverSourceSM European Equity Fund	5.75	20.78	17.79	6.39		0.05
Lipper Fund Ranking / Total Funds in Category
Flexible Portfolio Funds
RiverSourceSM Strategic Allocation Fund	5.75	4.43	9.50	3.96	5.40	10.58
Lipper Fund Ranking / Total Funds in Category
Global Large Cap Growth Funds
RiverSourceSM Global Equity Fund	5.75	17.24	16.83	4.06	3.87	5.50
Lipper Fund Ranking / Total Funds in Category
Gold-Oriented Funds
RiverSourceSM Precious Metals Fund	5.75	59.79	26.22	25.63	3.20	7.83
Lipper Fund Ranking / Total Funds in Category
International Large Cap Core Funds
RiverSourceSM International Opportunity Fund	5.75	21.82	18.43	5.07	2.38	8.43
Lipper Fund Ranking / Total Funds in Category
International Multi Cap Growth Funds
RiverSourceSM International Aggressive Growth Fund *	5.75	20.60	22.40			13.15
Lipper Fund Ranking / Total Funds in Category
International Multi Cap Value Funds
RiverSourceSM International Equity Fund *	5.75	20.51	18.91			18.38
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM International Select Value Fund *	5.75	22.39	22.96			16.17
Lipper Fund Ranking / Total Funds in Category
International Small/Mid Cap Core Funds
RiverSourceSM International Small Cap Fund *	5.75	12.53	20.27			23.02
Lipper Fund Ranking / Total Funds in Category
Large Cap Core Funds
RiverSourceSM Large Cap Equity Fund	5.75	-0.52	5.77			1.67
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Fundamental Growth Fund *	5.75	-2.38	2.66			4.30
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Disciplined Equity Fund	5.75	3.57	8.80			11.31
Lipper Fund Ranking / Total Funds in Category
Large Cap Growth Funds
RiverSourceSM Growth Fund	5.75	-2.54	5.24	-3.27	2.55	11.54
Lipper Fund Ranking / Total Funds in Category
Large Cap Value Fund
RiverSourceSM Equity Value Fund	5.75	11.87	15.27	3.53	7.48	9.22
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Large Cap Value Fund	5.75	1.76	9.18			6.98
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Value Fund *	5.75	4.97	10.10	3.29		3.36
Lipper Fund Ranking / Total Funds in Category
Mid Cap Growth Funds
RiverSourceSM Mid Cap Growth Fund	5.75	1.07	7.90	3.01	8.33		^
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Aggressive Growth Fund *	5.75	8.61	14.04			17.48
Lipper Fund Ranking / Total Funds in Category

A3

	Total Net	Total Net	Rankings and Annualized Returns at NAV
	Assets	Assets	1 year			3 years			5 years
Class A Shares by Lipper Category	(Mil $)	Date	Return	Ranking		Return	Ranking		Return	Ranking
Mid Cap Value Funds
RiverSourceSM Mid Cap Value Fund	1,691.70	6/30/2006	21.00	2	%	25.84	4	%
Lipper Fund Ranking / Total Funds in Category				4 / 264			8 / 215
Mixed-Asset Target Allocation Conservative Funds
RiverSourceSM Portfolio Builder Conservative Fund	119.50	6/30/2006	2.83	61	%
Lipper Fund Ranking / Total Funds in Category				179 / 294
RiverSourceSM Portfolio Builder Moderate Conservative Fund	248.60	6/30/2006	5.03	14	%
Lipper Fund Ranking / Total Funds in Category				41 / 294
Mixed-Asset Target Allocation Growth Funds
RiverSourceSM Portfolio Builder Moderate Aggressive Fund	825.20	6/30/2006	9.09	28	%
Lipper Fund Ranking / Total Funds in Category				153 / 563
Mixed-Asset Target Allocation Moderate Funds
RiverSourceSM Balanced Fund	1,175.80	6/30/2006	5.26	63	%	8.22	45	%	2.17	86	%
Lipper Fund Ranking / Total Funds in Category				247 / 392			121 / 271			179 / 209
RiverSourceSM Portfolio Builder Moderate Fund	660.10	6/30/2006	7.17	30	%
Lipper Fund Ranking / Total Funds in Category				115 / 392
Multi Cap Core Funds
RiverSourceSM Fundamental Value Fund *	1,120.30	6/30/2006	10.68	40	%	13.30	32	%	4.93	29	%
Lipper Fund Ranking / Total Funds in Category				320 / 819			186 / 585			121 / 430
RiverSourceSM Portfolio Builder Aggressive Fund	414.60	6/30/2006	11.43	32	%
Lipper Fund Ranking / Total Funds in Category				262 / 819
RiverSourceSM Portfolio Builder Total Equity Fund	364.80	6/30/2006	13.59	17	%
Lipper Fund Ranking / Total Funds in Category				134 / 819
Multi Cap Value Funds
RiverSourceSM Select Value Fund *	623.60	6/30/2006	9.57	61	%	13.33	64	%
Lipper Fund Ranking / Total Funds in Category				289 / 478			235 / 371
Real Estate Funds
RiverSourceSM Real Estate Fund	192.20	6/30/2006	24.02	20	%
Lipper Fund Ranking / Total Funds in Category				49 / 248
S&P 500 Index Objective Funds
RiverSourceSM S&P 500 Index Fund ***	240.40	6/30/2006	8.13			10.49			1.86
Science & Technology Fund
RiverSourceSM Global Technology Fund	155.00	6/30/2006	9.42	45	%	13.48	19	%	-1.46	25	%
Lipper Fund Ranking / Total Funds in Category				129 / 287			49 / 257			54 / 222
Small Cap Core Funds
RiverSourceSM Small Cap Equity Fund *	373.50	6/30/2006	11.77	66	%	19.08	44	%
Lipper Fund Ranking / Total Funds in Category				418 / 640			220 / 508
RiverSourceSM Small Cap Value Fund *	1,000.50	6/30/2006	15.38	32	%	19.50	38	%	11.54	27	%
Lipper Fund Ranking / Total Funds in Category				199 / 640			193 / 508			103 / 391
RiverSourceSM Small Cap Advantage Fund	734.40	6/30/2006	12.42	60	%	18.80	45	%	9.48	56	%
Lipper Fund Ranking / Total Funds in Category				381 / 640			229 / 508			217 / 391
RiverSourceSM Small Company Index Fund	1,137.90	6/30/2006	13.01	53	%	19.38	40	%	10.05	47	%
Lipper Fund Ranking / Total Funds in Category				338 / 640			199 / 508			182 / 391
Small Cap Growth Funds
RiverSourceSM Small Cap Growth Fund *	209.70	6/30/2006	16.03	24	%	13.41	69	%	0.35	73	%
Lipper Fund Ranking / Total Funds in Category				125 / 533			313 / 454			262 / 360
Small Cap Value Funds
RiverSourceSM Disciplined Small Cap Value Fund **	14.80	6/30/2006
Lipper Fund Ranking / Total Funds in Category

A4

	Rankings and Annualized Returns at NAV
				Fund	Since
	10 years			Inception	Inception		Ranking	Since
Class A Shares by Lipper Category	Return	Ranking		Date	Return		Date	Ranking
Mid Cap Value Funds
RiverSourceSM Mid Cap Value Fund				2/14/2002	16.15		2/14/2002	9	%
Lipper Fund Ranking / Total Funds in Category								16 / 181
Mixed-Asset Target Allocation Conservative Funds
RiverSourceSM Portfolio Builder Conservative Fund				3/4/2004	3.52		3/4/2004	43	%
Lipper Fund Ranking / Total Funds in Category								90 / 213
RiverSourceSM Portfolio Builder Moderate Conservative Fund				3/4/2004	5.04		3/4/2004	12	%
Lipper Fund Ranking / Total Funds in Category								24 / 213
Mixed-Asset Target Allocation Growth Funds
RiverSourceSM Portfolio Builder Moderate Aggressive Fund				3/4/2004	7.40		3/4/2004	22	%
Lipper Fund Ranking / Total Funds in Category								105 / 491
Mixed-Asset Target Allocation Moderate Funds
RiverSourceSM Balanced Fund	3.36	90	%	4/16/1940		^
Lipper Fund Ranking / Total Funds in Category		77 / 85
RiverSourceSM Portfolio Builder Moderate Fund				3/4/2004	6.56		3/4/2004	19	%
Lipper Fund Ranking / Total Funds in Category								58 / 318
Multi Cap Core Funds
RiverSourceSM Fundamental Value Fund *				6/18/2001	5.20		6/18/2001	29	%
Lipper Fund Ranking / Total Funds in Category								123 / 428
RiverSourceSM Portfolio Builder Aggressive Fund				3/4/2004	8.40		3/4/2004	26	%
Lipper Fund Ranking / Total Funds in Category								173 / 668
RiverSourceSM Portfolio Builder Total Equity Fund				3/4/2004	9.42		3/4/2004	16	%
Lipper Fund Ranking / Total Funds in Category								106 / 668
Multi Cap Value Funds
RiverSourceSM Select Value Fund *				3/8/2002	9.47		3/8/2002	14	%
Lipper Fund Ranking / Total Funds in Category								41 / 300
Real Estate Funds
RiverSourceSM Real Estate Fund				3/4/2004	23.93		3/4/2004	13	%
Lipper Fund Ranking / Total Funds in Category								26 / 204
S&P 500 Index Objective Funds
RiverSourceSM S&P 500 Index Fund ***				10/25/1999	0.63		10/28/1999
Science & Technology Fund
RiverSourceSM Global Technology Fund				11/13/1996	4.24		11/14/1996	65	%
Lipper Fund Ranking / Total Funds in Category								27 / 41
Small Cap Core Funds
RiverSourceSM Small Cap Equity Fund *				3/8/2002	8.91		3/8/2002	73	%
Lipper Fund Ranking / Total Funds in Category								321 / 441
RiverSourceSM Small Cap Value Fund *			��	6/18/2001	12.57		6/18/2001	24	%
Lipper Fund Ranking / Total Funds in Category								90 / 383
RiverSourceSM Small Cap Advantage Fund				5/4/1999	8.40		5/6/1999	84	%
Lipper Fund Ranking / Total Funds in Category								221 / 264
RiverSourceSM Small Company Index Fund				8/19/1996	10.85		8/22/1996	59	%
Lipper Fund Ranking / Total Funds in Category								64 / 108
Small Cap Growth Funds
RiverSourceSM Small Cap Growth Fund *				1/24/2001	-0.15		1/24/2001	69	%
Lipper Fund Ranking / Total Funds in Category								238 / 345
Small Cap Value Funds
RiverSourceSM Disciplined Small Cap Value Fund **				2/16/2006	-0.49		2/16/2006	68	%
Lipper Fund Ranking / Total Funds in Category								183 / 272

A5

	Annualized Returns at POP
	Max. Front
	Sales					Since
Class A Shares by Lipper Category	Charge	1 year	3 years	5 years	10 years	Inception
Mid Cap Value Funds
RiverSourceSM Mid Cap Value Fund	5.75	14.05	23.38			14.58
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Conservative Funds
RiverSourceSM Portfolio Builder Conservative Fund	4.75	-2.05				1.37
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Portfolio Builder Moderate Conservative Fund	4.75	0.04				2.86
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Growth Funds
RiverSourceSM Portfolio Builder Moderate Aggressive Fund	5.75	2.81				4.69
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Moderate Funds
RiverSourceSM Balanced Fund	5.75	-0.79	6.11	0.97	2.75		^
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Portfolio Builder Moderate Fund	5.75	1.00				3.88
Lipper Fund Ranking / Total Funds in Category
Multi Cap Core Funds
RiverSourceSM Fundamental Value Fund *	5.75	4.32	11.08	3.69		3.97
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Portfolio Builder Aggressive Fund	5.75	5.02				5.67
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Portfolio Builder Total Equity Fund	5.75	7.06				6.67
Lipper Fund Ranking / Total Funds in Category
Multi Cap Value Funds
RiverSourceSM Select Value Fund *	5.75	3.27	11.11			7.98
Lipper Fund Ranking / Total Funds in Category
Real Estate Funds
RiverSourceSM Real Estate Fund	5.75	16.89				20.81
Lipper Fund Ranking / Total Funds in Category
S&P 500 Index Objective Funds
RiverSourceSM S&P 500 Index Fund ***	—	8.13	10.49	1.86		0.63
Science & Technology Fund
RiverSourceSM Global Technology Fund	5.75	3.13	11.27	-2.62		3.60
Lipper Fund Ranking / Total Funds in Category
Small Cap Core Funds
RiverSourceSM Small Cap Equity Fund *	5.75	5.34	16.76			7.42
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Small Cap Value Fund *	5.75	8.74	17.17	10.23		11.26
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Small Cap Advantage Fund	5.75	5.95	16.48	8.19		7.51
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Small Company Index Fund	5.75	6.51	17.05	8.76		10.19
Lipper Fund Ranking / Total Funds in Category
Small Cap Growth Funds
RiverSourceSM Small Cap Growth Fund *	5.75	9.36	11.20	-0.83		-1.23
Lipper Fund Ranking / Total Funds in Category
Small Cap Value Funds
RiverSourceSM Disciplined Small Cap Value Fund **	5.75					-6.21
Lipper Fund Ranking / Total Funds in Category

^      Since fund inception returns and rankings are not available. Actual fund inception date pre-dates data in Lipper database.

*      Mutual funds subadvised by advisors not affiliated with Ameriprise Financial, Inc.

**   Since inception returns are cumulative.

*** RiverSource^SM S&P 500 Index Fund data is for D shares.

A6

Fixed Income Fund Performance & Lipper Ranking

As of June 30, 2006

Source of Data: Lipper

	Total Net	Total Net	Rankings and Annualized Returns at NAV
	Assets	Assets	1 year			3 years			5 years
Class A Shares by Lipper Category	(Mil $)	Date	Return	Ranking		Return	Ranking		Return	Ranking
Taxable Funds
Emerging Markets Debt Funds
RiverSourceSM Emerging Markets Bond Fund **	46.50	6/30/2006
Lipper Fund Ranking / Total Funds in Category
Global Income Funds
RiverSourceSM Global Bond Fund	499.20	6/30/2006	0.19	44	%	3.94	42	%	7.59	30	%
Lipper Fund Ranking / Total Funds in Category				46 / 104			40 / 95			24 / 80
High Current Yield Funds
RiverSourceSM High Yield Bond Fund	1,975.70	6/30/2006	6.08	22	%	9.39	16	%	7.34	50	%
Lipper Fund Ranking / Total Funds in Category				94 / 444			61 / 395			154 / 313
RiverSourceSM Income Opportunities Fund	350.90	6/30/2006	3.70	69	%	7.50	53	%
Lipper Fund Ranking / Total Funds in Category				303 / 444			209 / 395
Intermediate Investment Grade Debt Funds
RiverSourceSM Core Bond Fund	217.40	6/30/2006	-0.93	46	%	1.47	66	%
Lipper Fund Ranking / Total Funds in Category				218 / 477			269 / 411
RiverSourceSM Diversified Bond Fund	2,857.70	6/30/2006	-0.55	27	%	1.98	36	%	4.01	68	%
Lipper Fund Ranking / Total Funds in Category				128 / 477			148 / 411			220 / 323
Loan Participation Funds
RiverSourceSM Floating Rate Fund **	252.50	6/30/2006
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Conservative Funds
RiverSourceSM Income Builder Basic Income Fund **	41.90	6/30/2006
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Income Builder Moderate Income Fund **	104.10	6/30/2006
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Income Builder Enhanced Income Fund **	84.20	6/30/2006
Lipper Fund Ranking / Total Funds in Category
Short-Intermediate Investment Grade Debt Funds
RiverSourceSM Limited Duration Bond Fund	179.60	6/30/2006	-0.11	56	%	1.53	30	%
Lipper Fund Ranking / Total Funds in Category				84 / 149			38 / 128
Short U.S. Government Funds
RiverSourceSM Short Duration U.S. Government Fund	1,038.80	6/30/2006	0.92	80	%	0.93	58	%	2.62	58	%
Lipper Fund Ranking / Total Funds in Category				69 / 86			44 / 75			38 / 65
Treasury Inflation Protected Securities Funds
RiverSourceSM Inflation Protected Securities Fund	272.40	6/30/2006	-2.00	42	%
Lipper Fund Ranking / Total Funds in Category				44 / 106
U.S. Mortgage Funds
RiverSourceSM U.S. Government Mortgage Fund	236.70	6/30/2006	0.17	32	%	2.33	44	%
Lipper Fund Ranking / Total Funds in Category				25 / 79			32 / 72
Tax-Exempt Funds
California Municipal Debt Funds
RiverSourceSM California Tax-Exempt Fund	183.40	6/30/2006	0.81	46	%	3.13	49	%	4.44	58	%
Lipper Fund Ranking / Total Funds in Category				56 / 121			57 / 116			57 / 98
General Municipal Debt Funds
RiverSourceSM Tax-Exempt High Income Fund	3,266.30	6/30/2006	0.14	64	%	2.54	59	%	4.18	54	%
Lipper Fund Ranking / Total Funds in Category				165 / 259			145 / 248			121 / 224
RiverSourceSM Tax-Exempt Bond Fund	862.90	6/30/2006	0.16	62	%	2.31	68	%	3.93	68	%
Lipper Fund Ranking / Total Funds in Category				161 / 259			167 / 248			151 / 224
Intermediate Municipal Debt Funds
RiverSourceSM Intermediate Tax-Exempt Fund	102.00	6/30/2006	-0.24	69	%	1.59	57	%	3.58	63	%
Lipper Fund Ranking / Total Funds in Category				103 / 149			74 / 131			67 / 106
Massachusetts Municipal Debt Funds
RiverSourceSM Massachusetts Tax-Exempt Fund	60.10	6/30/2006	-0.29	72	%	2.23	69	%	3.85	75	%
Lipper Fund Ranking / Total Funds in Category				38 / 52			35 / 50			38 / 50
Michigan Municipal Debt Funds
RiverSourceSM Michigan Tax-Exempt Fund	50.00	6/30/2006	0.40	48	%	2.42	46	%	4.19	49	%
Lipper Fund Ranking / Total Funds in Category				16 / 33			15 / 32			16 / 32
Minnesota Municipal Debt Funds
RiverSourceSM Minnesota Tax-Exempt Fund	345.90	6/30/2006	0.29	62	%	2.40	64	%	4.20	59	%
Lipper Fund Ranking / Total Funds in Category				32 / 51			32 / 49			27 / 45
New York Municipal Debt Funds
RiverSourceSM New York Tax-Exempt Fund	71.40	6/30/2006	0.20	56	%	2.36	63	%	4.12	57	%
Lipper Fund Ranking / Total Funds in Category				58 / 104			65 / 103			51 / 90
Ohio Municipal Debt Funds
RiverSourceSM Ohio Tax-Exempt Fund	49.20	6/30/2006	-0.42	80	%	1.88	73	%	3.69	70	%
Lipper Fund Ranking / Total Funds in Category				34 / 42			31 / 42			28 / 39

A7

	Rankings and Annualized Returns at NAV
				Fund	Since
	10 years			Inception	Inception	Ranking	Since
Class A Shares by Lipper Category	Return	Ranking		Date	Return	Date	Ranking
Taxable Funds
Emerging Markets Debt Funds
RiverSourceSM Emerging Markets Bond Fund **				2/16/2006	-3.48	2/16/2006	50	%
Lipper Fund Ranking / Total Funds in Category							28 / 55
Global Income Funds
RiverSourceSM Global Bond Fund	5.07	57	%	3/20/1989	7.39	3/23/1989	23	%
Lipper Fund Ranking / Total Funds in Category		29 / 50					2 / 8
High Current Yield Funds
RiverSourceSM High Yield Bond Fund	4.93	63	%	12/8/1983	8.18	12/8/1983	46	%
Lipper Fund Ranking / Total Funds in Category		72 / 114					11 / 23
RiverSourceSM Income Opportunities Fund				6/19/2003	7.34	6/19/2003	53	%
Lipper Fund Ranking / Total Funds in Category							205 / 392
Intermediate Investment Grade Debt Funds
RiverSourceSM Core Bond Fund				6/19/2003	1.23	6/19/2003	67	%
Lipper Fund Ranking / Total Funds in Category							272 / 408
RiverSourceSM Diversified Bond Fund	5.20	66	%	10/3/1974	9.13	10/3/1974	25	%
Lipper Fund Ranking / Total Funds in Category		96 / 146					1 / 3
Loan Participation Funds
RiverSourceSM Floating Rate Fund **				2/16/2006	2.61	2/16/2006	6	%
Lipper Fund Ranking / Total Funds in Category							3 / 52
Mixed-Asset Target Allocation Conservative Funds
RiverSourceSM Income Builder Basic Income Fund **				2/16/2006	0.58	2/16/2006	12	%
Lipper Fund Ranking / Total Funds in Category							41 / 358
RiverSourceSM Income Builder Moderate Income Fund **				2/16/2006	0.56	2/16/2006	13	%
Lipper Fund Ranking / Total Funds in Category							46 / 358
RiverSourceSM Income Builder Enhanced Income Fund **				2/16/2006	0.46	2/16/2006	17	%
Lipper Fund Ranking / Total Funds in Category							59 / 358
Short-Intermediate Investment Grade Debt Funds
RiverSourceSM Limited Duration Bond Fund				6/19/2003	1.39	6/19/2003	30	%
Lipper Fund Ranking / Total Funds in Category							38 / 128
Short U.S. Government Funds
RiverSourceSM Short Duration U.S. Government Fund	4.23	54	%	8/19/1985	6.26	8/22/1985	15	%
Lipper Fund Ranking / Total Funds in Category		27 / 49					1 / 6
Treasury Inflation Protected Securities Funds
RiverSourceSM Inflation Protected Securities Fund				3/4/2004	1.72	3/4/2004	49	%
Lipper Fund Ranking / Total Funds in Category							32 / 65
U.S. Mortgage Funds
RiverSourceSM U.S. Government Mortgage Fund				2/14/2002	3.63	2/14/2002	37	%
Lipper Fund Ranking / Total Funds in Category							25 / 67
Tax-Exempt Funds
California Municipal Debt Funds
RiverSourceSM California Tax-Exempt Fund	4.95	65	%	8/18/1986	5.83	8/31/1986	78	%
Lipper Fund Ranking / Total Funds in Category		45 / 69					17 / 21
General Municipal Debt Funds
RiverSourceSM Tax-Exempt High Income Fund	4.90	51	%	5/7/1979	6.83	5/31/1979	46	%
Lipper Fund Ranking / Total Funds in Category		73 / 143					11 / 23
RiverSourceSM Tax-Exempt Bond Fund	4.90	50	%	11/24/1976	5.98	11/30/1976	78	%
Lipper Fund Ranking / Total Funds in Category		72 / 143					7 / 8
Intermediate Municipal Debt Funds
RiverSourceSM Intermediate Tax-Exempt Fund				11/13/1996	3.99	11/14/1996	84	%
Lipper Fund Ranking / Total Funds in Category							63 / 74
Massachusetts Municipal Debt Funds
RiverSourceSM Massachusetts Tax-Exempt Fund	4.54	75	%	7/2/1987	5.69	7/31/1987	93	%
Lipper Fund Ranking / Total Funds in Category		29 / 38					12 / 12
Michigan Municipal Debt Funds
RiverSourceSM Michigan Tax-Exempt Fund	4.63	63	%	7/2/1987	5.87	7/31/1987	88	%
Lipper Fund Ranking / Total Funds in Category		17 / 26					7 / 7
Minnesota Municipal Debt Funds
RiverSourceSM Minnesota Tax-Exempt Fund	4.85	50	%	8/18/1986	5.89	8/31/1986	58	%
Lipper Fund Ranking / Total Funds in Category		21 / 41					4 / 6
New York Municipal Debt Funds
RiverSourceSM New York Tax-Exempt Fund	4.85	60	%	8/18/1986	5.67	8/31/1986	78	%
Lipper Fund Ranking / Total Funds in Category		39 / 64					14 / 17
Ohio Municipal Debt Funds
RiverSourceSM Ohio Tax-Exempt Fund	4.49	68	%	7/2/1987	5.67	7/31/1987	89	%
Lipper Fund Ranking / Total Funds in Category		23 / 33					8 / 8

A8

	Annualized Returns @ POP
	Max. Front
	Sales					Since
Class A Shares by Lipper Category	Charge	1 year	3 years	5 years	10 years	Inception
Taxable Funds
Emerging Markets Debt Funds
RiverSourceSM Emerging Markets Bond Fund **	4.75					-8.07
Lipper Fund Ranking / Total Funds in Category
Global Income Funds
RiverSourceSM Global Bond Fund	4.75	-4.57	2.27	6.55	4.56	7.08
Lipper Fund Ranking / Total Funds in Category
High Current Yield Funds
RiverSourceSM High Yield Bond Fund	4.75	1.04	7.63	6.30	4.42	7.95
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Income Opportunities Fund	4.75	-1.23	5.78			5.63
Lipper Fund Ranking / Total Funds in Category
Intermediate Investment Grade Debt Funds
RiverSourceSM Core Bond Fund	4.75	-5.63	-0.17			-0.38
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Diversified Bond Fund	4.75	-5.27	0.34	3.00	4.69	8.97
Lipper Fund Ranking / Total Funds in Category
Loan Participation Funds
RiverSourceSM Floating Rate Fund **	4.75					-2.26
Lipper Fund Ranking / Total Funds in Category
Mixed-Asset Target Allocation Conservative Funds
RiverSourceSM Income Builder Basic Income Fund **	4.75					-4.20
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Income Builder Moderate Income Fund **	4.75					-4.22
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Income Builder Enhanced Income Fund **	4.75					-4.31
Lipper Fund Ranking / Total Funds in Category
Short-Intermediate Investment Grade Debt Funds
RiverSourceSM Limited Duration Bond Fund	4.75	-4.86	-0.10			-0.23
Lipper Fund Ranking / Total Funds in Category
Short U.S. Government Funds
RiverSourceSM Short Duration U.S. Government Fund	4.75	-3.87	-0.69	1.63	3.72	6.01
Lipper Fund Ranking / Total Funds in Category
Treasury Inflation Protected Securities Funds
RiverSourceSM Inflation Protected Securities Fund	4.75	-6.66				-0.39
Lipper Fund Ranking / Total Funds in Category
U.S. Mortgage Funds
RiverSourceSM U.S. Government Mortgage Fund	4.75	-4.59	0.68			2.48
Lipper Fund Ranking / Total Funds in Category
Tax-Exempt Funds
California Municipal Debt Funds
RiverSourceSM California Tax-Exempt Fund	4.75	-3.98	1.47	3.43	4.44	5.57
Lipper Fund Ranking / Total Funds in Category
General Municipal Debt Funds
RiverSourceSM Tax-Exempt High Income Fund	4.75	-4.62	0.89	3.17	4.39	6.64
Lipper Fund Ranking / Total Funds in Category
RiverSourceSM Tax-Exempt Bond Fund	4.75	-4.60	0.66	2.92	4.39	5.80
Lipper Fund Ranking / Total Funds in Category
Intermediate Municipal Debt Funds
RiverSourceSM Intermediate Tax-Exempt Fund	4.75	-4.98	-0.04	2.58		3.47
Lipper Fund Ranking / Total Funds in Category
Massachusetts Municipal Debt Funds
RiverSourceSM Massachusetts Tax-Exempt Fund	4.75	-5.03	0.59	2.85	4.03	5.42
Lipper Fund Ranking / Total Funds in Category
Michigan Municipal Debt Funds
RiverSourceSM Michigan Tax-Exempt Fund	4.75	-4.37	0.77	3.18	4.12	5.60
Lipper Fund Ranking / Total Funds in Category
Minnesota Municipal Debt Funds
RiverSourceSM Minnesota Tax-Exempt Fund	4.75	-4.47	0.76	3.19	4.34	5.63
Lipper Fund Ranking / Total Funds in Category
New York Municipal Debt Funds
RiverSourceSM New York Tax-Exempt Fund	4.75	-4.56	0.71	3.11	4.34	5.41
Lipper Fund Ranking / Total Funds in Category
Ohio Municipal Debt Funds
RiverSourceSM Ohio Tax-Exempt Fund	4.75	-5.15	0.24	2.69	3.99	5.40
Lipper Fund Ranking / Total Funds in Category

A9

Ameriprise Financial, Inc.

Fund Performance & Lipper Ranking

As of June 30, 2006

Source of Data: Lipper

Rankings based on annualized total returns, excluding sales charges. Net asset value (NAV) returns for all periods would have been lower if the applicable sales charges were included.

Please note the following about the “Ranking since” Lipper Rankings: In order to obtain a more accurate “since inception” Lipper Ranking for funds with an inception prior to 2000, the Thursday or month-end date following the actual inception date was used, rather than the actual inception date. When researching since inception rankings, please use the “Ranking Since” date.

Please note the following about the “Annualized Returns @ POP”:  the POP return is calculated assuming a one-time purchase of the fund at the maximum sales charge. RiverSource S&P 500 Index Fund has no sales loads, however, a redemption fee of 0.50% is charged on shares redeemed within 180 days of purchase.

Net assets per fund include all share classes. Assets for RiverSource Portfolio Builder Funds are invested in other RiverSource Funds and therefore would be double counted if assets are summed to reach a total.

Fee waivers were in place for each subadvised fund shown and the return would have been lower for each fund had fee waivers not been in place.

The performance information shown represents past performance and is not a guarantee of future results. The value of your investment and returns will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.

Current performance may be lower or higher than the performance information shown.

You may obtain performance information current to the most recent month-end by visiting: www.ameriprise.com/amp/individual/products/investing/mutual-funds.asp

A10

Important Disclosures

The performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by visiting riversource.com/investments.

An investment in money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although these funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds.

You should consider the investment objectives, risks, and charges and expenses of mutual funds carefully before investing. For more complete information about our funds, which contains this and other information, call (800) 297-3863, TTY: (800) 846-4852, for a free prospectus. Read the prospectus carefully before you invest.

The RiverSource Global Technology Fund is a narrowly focused sector fund and it may exhibit higher volatility than funds with broader investment objectives.

Stocks of small- and mid-capitalization companies involve substantial risk. Historically, these stocks have experienced greater price volatility than stocks of larger companies, and they can be expected to do so in the future.

Stocks of mid-capitalization companies may be slightly less volatile than those of small-capitalization companies but still involve substantial risk.

The RiverSource Precious Metals Fund is a narrowly focused sector fund and it may exhibit higher volatility than funds with broader investment objectives.

The investment process used to manage the RiverSource Disciplined Equity Fund employs new technologies and statistical methods that have not previously been used to manage open-end mutual funds. Shareholders should be prepared for the possibility that the Fund may under perform its benchmark. While RiverSource Investments seeks to control trading activity, the Fund may trade more often than other funds in its peer group. Trading activity may result in increased fees, expenses and taxes.

The RiverSource Real Estate Fund is a narrowly focused sector fund and it may exhibit higher volatility than funds with broader investment objectives. An investment in a real estate fund is subject to the same risks as a direct investment in real estate. Such risks include market risk, economic risk and mortgage rate risk.

International investing involves increased risk and volatility, not typically associated with domestic investing, due to changes in currency exchange rates, foreign government regulations, differences in auditing and accounting standards, potential political and economic instability, limited liquidity and volatile prices. The risks of international investing are particularly significant in emerging markets.

There are risks associated with an investment in a bond fund, including the impact of interest rates, credit and inflation. These and other risk considerations are discussed in the fund’s prospectus. In general, bond prices rise when interest rates fall and vice versa. This effect is usually more pronounced for longer-term securities.

High yield funds invest in lower-rated bonds, which generally have more volatile prices and carry more risk to principal and income than investment grade securities.

Principal risks associated with the RiverSource Inflation Protected Securities Fund include style risk, interest rate risk, market risk, credit risk, liquidity risk and sector/concentration risk. Treasury Inflation Protected Securities (TIPS) are backed by the full faith and credit of the U.S. government. The U.S. government guarantee applies only to the underlying TIPS securities, and not the Fund itself.

Income from tax-exempt funds may be subject to state and local taxes, and a portion of income may be subject to the federal and/or state alternative minimum tax for certain investors. Federal income tax rules will apply to any capital gains distribution.

Shares of the RiverSource Short Duration U.S. Government Fund and the RiverSource U.S. Government Mortgage Fund are not insured or guaranteed by the U.S. government.

“Standard & Poor’s®,” “S&P,” “S&P 500®,” and “Standard & Poor’s 500®” are trademarks of the McGraw Hill Companies, Inc. These trademarks and service marks have been licensed for use by RiverSource Investments. The Funds are not sponsored, endorsed, sold or promoted by Standard & Poor’s or any of their subsidiaries or affiliates (the “Licensors”) and the Licensors make no representation regarding the advisability of investing in the Funds.

Products are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by any financial institution; and involve investment risks including possible loss of principal and fluctuation in value.

RiverSource Funds are managed by RiverSource Investments, LLC and distributed by Ameriprise Financial Services, Inc., Member NASD.

A11

EXHIBIT B

RECONCILIATION TABLES

Ameriprise Financial, Inc.

Reconciliation Table: Adjusted Consolidated Income Statements Excluding AMEX Assurance

For the Three Months Ended June 30, 2005

(in millions, unaudited)	Adjusted Consolidated (1)		AMEX Assurance		Adjusted to Exclude AMEX Assurance
Revenues
Management, financial advice and service fees	$	632	$	1	$	631
Distribution fees	289		—		289
Net investment income	558		3		555
Premiums	279		71		208
Other revenues	137		1		136
Total revenues	1,895		76		1,819
Expenses
Compensation and benefits:
Field	371		1		370
Non-field	280		—		280
Total compensation and benefits	651		1		650
Interest credited to account values	328		—		328
Benefits, claims, losses and settlement expenses	238		20		218
Amortization of deferred acquisition costs	134		9		125
Interest and debt expense	19		—		19
Other expenses	278		7		271
Total expenses before separation costs (1)	1,648		37		1,611
Income before income tax provision, discontinued operations and separation costs (1)	247		39		208
Income tax provision before tax benefit attributable to separation costs (1)	61		13		48
Income before discontinued operations and separation costs (1)	186		$	26	$	160
Separation costs, after-tax (1)	37
Income before discontinued operations	149
Discontinued operations, net of tax	6
Net income	$	155

(1)Consolidated adjusted for non-GAAP presentation of separation costs. See Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP included elsewhere in this Exhibit B and Non-GAAP Financial Information.

B1

Ameriprise Financial, Inc.

Reconciliation Table: Adjusted Consolidated Income Statements Excluding AMEX Assurance

For the Six Months Ended June 30, 2005

(in millions, unaudited)	Adjusted Consolidated(1)		AMEX Assurance		Adjusted to Exclude AMEX Assurance
Revenues
Management, financial advice and service fees	$	1,240	$	2	$	1,238
Distribution fees	577		—		577
Net investment income	1,106		6		1,100
Premiums	549		142		407
Other revenues	270		—		270
Total revenues	3,742		150		3,592
Expenses
Compensation and benefits:
Field	733		2		731
Non-field	559		—		559
Total compensation and benefits	1,292		2		1,290
Interest credited to account values	639		—		639
Benefits, claims, losses and settlement expenses	456		39		417
Amortization of deferred acquisition costs	270		17		253
Interest and debt expense	36		—		36
Other expenses	536		13		523
Total expenses before separation costs (1)	3,229		71		3,158
Income before income tax provision, discontinued operations and separation costs (1)	513		79		434
Income tax provision before tax benefit attributable to separation costs (1)	139		26		113
Income before discontinued operations and separation costs (1)	374		$	53	$	321
Separation costs, after-tax (1)	50
Income before discontinued operations	324
Discontinued operations, net of tax	14
Net income	$	338

(1)Consolidated adjusted for non-GAAP presentation of separation costs. See Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP included elsewhere in this Exhibit B and Non-GAAP Financial Information.

B2

Ameriprise Financial, Inc.

Reconciliation Table: Adjusted Consolidated Income Statements Excluding AMEX Assurance

For the Three Months Ended September 30, 2005

(in millions, unaudited)	Adjusted Consolidated (1)		AMEX Assurance			Adjusted to Exclude AMEX Assurance
Revenues
Management, financial advice and service fees	$	687	$	1		$	686
Distribution fees	296		—			296
Net investment income	561		3			558
Premiums	202		(15		)	217
Other revenues	127		(1		)	128
Total revenues	1,873		(12		)	1,885
Expenses
Compensation and benefits:
Field	408		35			373
Non-field	295		—			295
Total compensation and benefits	703		35			668
Interest credited to account values	337		—			337
Benefits, claims, losses and settlement expenses	190		(51		)	241
Amortization of deferred acquisition costs	49		—			49
Interest and debt expense	16		—			16
Other expenses	305		1			304
Total expenses before separation costs (1)	1,600		(15		)	1,615
Income before income tax provision, discontinued operations and separation costs (1)	273		3			270
Income tax provision before tax benefit attributable to separation costs (1)	91		—			91
Income before discontinued operations and separation costs (1)	182		$	3		$	179
Separation costs, after-tax (1)	59
Income before discontinued operations	123
Discontinued operations, net of tax	2
Net income	$	125

(1)Consolidated adjusted for non-GAAP presentation of separation costs. See Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP included elsewhere in this Exhibit B and Non-GAAP Financial Information.

B3

Ameriprise Financial, Inc.

Reconciliation Table: Adjusted Consolidated Income Statements Excluding AMEX Assurance

For the Three Months Ended December 31, 2005

(in millions, unaudited)	Adjusted Consolidated (1)			AMEX Assurance		Adjusted to Exclude AMEX Assurance
Revenues
Management, financial advice and service fees	$		651	$	—	$	651
Distribution fees	277			—		277
Net investment income	574			—		574
Premiums	228			—		228
Other revenues	139			—		139
Total revenues	1,869			—		1,869
Expenses
Compensation and benefits:
Field	374			—		374
Non-field	281			—		281
Total compensation and benefits	655			—		655
Interest credited to account values	334			—		334
Benefits, claims, losses and settlement expenses	234			—		234
Amortization of deferred acquisition costs	112			—		112
Interest and debt expense	21			—		21
Other expenses	261			—		261
Total expenses before separation costs (1)	1,617			—		1,617
Income before income tax provision, discontinued operations and separation costs (1)	252			—		252
Income tax provision before tax benefit attributable to separation costs (1)	59			—		59
Income before discontinued operations and separation costs (1)	193			$	—	$	193
Separation costs, after-tax (1)	82
Income before discontinued operations	111
Discontinued operations, net of tax	—
Net income	$	111

(1)Consolidated adjusted for non-GAAP presentation of separation costs. See Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP included elsewhere in this Exhibit B and Non-GAAP Financial Information.

B4

Ameriprise Financial, Inc.

Reconciliation Table: Protection Segment Income Statements To Adjusted

For the Three Months Ended June 30, 2005

(in millions, unaudited)	Protection Segment		AMEX Assurance		Adjusted
Revenues
Management, financial advice and service fees	$	16	$	1	$	15
Distribution fees	27		—		27
Net investment income	88		3		85
Premiums	285		71		214
Other revenues	107		1		106
Total revenues	523		76		447
Expenses
Compensation and benefits - field	21		1		20
Interest credited to account values	36		—		36
Benefits, claims, losses and settlement expenses	217		20		197
Amortization of deferred acquisition costs	45		9		36
Interest and debt expense	—		—		—
Other expenses	74		7		67
Total expenses	393		37		356
Pretax segment income	$	130	$	39	$	91

B5

Ameriprise Financial, Inc.

Reconciliation Table: Protection Segment Income Statements To Adjusted

For the Six Months Ended June 30, 2005

(in millions, unaudited)	Protection Segment		AMEX Assurance		Adjusted
Revenues
Management, financial advice and service fees	$	32	$	2	$	30
Distribution fees	54		—		54
Net investment income	171		6		165
Premiums	560		142		418
Other revenues	214		—		214
Total revenues	1,031		150		881
Expenses
Compensation and benefits - field	45		2		43
Interest credited to account values	72		—		72
Benefits, claims, losses and settlement expenses	432		39		393
Amortization of deferred acquisition costs	89		17		72
Interest and debt expense	—		—		—
Other expenses	150		13		137
Total expenses	788		71		717
Pretax segment income	$	243	$	79	$	164

B6

Ameriprise Financial, Inc.

Reconciliation Table: Protection Segment Income Statements To Adjusted

For the Three Months Ended September 30, 2005

(in millions, unaudited)	Protection Segment			AMEX Assurance			Adjusted
Revenues
Management, financial advice and service fees	$	17		$	1		$	16
Distribution fees	27			—			27
Net investment income	87			3			84
Premiums	207			(15		)	222
Other revenues	108			(1		)	109
Total revenues	446			(12		)	458
Expenses
Compensation and benefits - field	47			35			12
Interest credited to account values	37			—			37
Benefits, claims, losses and settlement expenses	183			(51		)	234
Amortization of deferred acquisition costs	(20		)	—			(20		)
Interest and debt expense	—			—			—
Other expenses	67			1			66
Total expenses	314			(15		)	329
Pretax segment income	$	132		$	3		$	129

B7

Ameriprise Financial, Inc.

Reconciliation Table: Protection Segment Income Statements To Adjusted

For the Three Months Ended December 31, 2005

(in millions, unaudited)	Protection Segment		AMEX Assurance		Adjusted
Revenues
Management, financial advice and service fees	$	18	$	—	$	18
Distribution fees	25		—		25
Net investment income	81		—		81
Premiums	234		—		234
Other revenues	113		—		113
Total revenues	471		—		471
Expenses
Compensation and benefits - field	23		—		23
Interest credited to account values	37		—		37
Benefits, claims, losses and settlement expenses	213		—		213
Amortization of deferred acquisition costs	39		—		39
Interest and debt expense	—		—		—
Other expenses	81		—		81
Total expenses	393		—		393
Pretax segment income	$	78	$	—	$	78

B8

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended June 30, 2005
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs				GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	1,895		$	—		$	1,895	Total revenues
Total expenses before separation costs	1,648			56			1,704		Total expenses
Income before income tax provision, discontinued operations, and separation costs	247			(56		)	191		Income before income tax provision and discontinued operations
Income tax provision before tax benefit attributable to separation costs	61			(19		)	42		Income tax provision
Income before discontinued operations and separation costs	186
Separation costs, after-tax	37
Income before discontinued operations (GAAP measure)	$	149					$	149	Income before discontinued operations

B9

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Six Months Ended June 30, 2005
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs				GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	3,742		$	—		$	3,742	Total revenues
Total expenses before separation costs	3,229			76			3,305		Total expenses
Income before income tax provision, discontinued operations, and separation costs	513			(76		)	437		Income before income tax provision and discontinued operations
Income tax provision before tax benefit attributable to separation costs	139			(26		)	113		Income tax provision
Income before discontinued operations and separation costs	374
Separation costs, after-tax	50
Income before discontinued operations (GAAP measure)	$	324					$	324	Income before discontinued operations

B10

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended September 30, 2005
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs				GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	1,873		$	—		$	1,873	Total revenues
Total expenses before separation costs	1,600			92			1,692		Total expenses
Income before income tax provision, discontinued operations, and separation costs	273			(92		)	181		Income before income tax provision and discontinued operations
Income tax provision before tax benefit attributable to separation costs	91			(33		)	58		Income tax provision
Income before discontinued operations and separation costs	182
Separation costs, after-tax	59
Income before discontinued operations (GAAP measure)	$	123					$	123	Income before discontinued operations

B11

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended December 31, 2005
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs				GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	1,869		$	—		$	1,869	Total revenues
Total expenses before separation costs	1,617			125			1,742		Total expenses
Income before income tax provision, discontinued operations, and separation costs	252			(125		)	127		Income before income tax provision and discontinued operations
Income tax provision before tax benefit attributable to separation costs	59			(43		)	16		Income tax provision
Income before discontinued operations and separation costs	193
Separation costs, after-tax	82
Income before discontinued operations (GAAP measure)	$	111					$	111	Income before discontinued operations

B12

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended June 30, 2006
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts  Reported Financials		Difference Attributable to Separation Costs				GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	2,053		$	—		$	2,053	Total revenues
Total expenses before separation costs	1,783			84			1,867		Total expenses
Income before income tax provision and separation costs	270			(84		)	186		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs	75			(30		)	45		Income tax provision
Income before separation costs	195
Separation costs, after-tax	54
Net income (GAAP measure)	$	141					$	141	Net income

B13

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Six Months Ended June 30, 2006
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs				GAAP Equivalent		GAAP Line Item
Total revenues (GAAP measure)	$	4,002		$	—		$	4,002	Total revenues
Total expenses before separation costs	3,474			151			3,625		Total expenses
Income before income tax provision and separation costs	528			(151		)	377		Income before income tax provision
Income tax provision before tax benefit attributable to separation costs	144			(53		)	91		Income tax provision
Income before separation costs	384
Separation costs, after-tax	98
Net income (GAAP measure)	$	286					$	286	Net income

B14

Ameriprise Financial, Inc.

Return on Equity Calculation for the 12 Months Ended June 30, 2005

(in millions, unaudited)	ROE Excluding Discontinued Operations (1)			Adjustments			Adjusted ROE (2)
Return	$	739		$	(53	)	$	686
Equity	$	6,559		$	—		$	6,559
Return on Equity	11.3		%				10.5		%

Ameriprise Financial, Inc.

Return on Equity Calculation for the 12 Months Ended September 30, 2005

(in millions, unaudited)	ROE Excluding Discontinued Operations (1)			Adjustments			Adjusted ROE (2)
Return	$	674		$	29		$	703
Equity	$	6,828		$	(92	)	$	6,736
Return on Equity	9.9		%				10.4		%

⁽¹⁾Return on equity is calculated using the 12 month trailing income before discontinued operations in the numerator and the average of shareholders’ equity before the assets and liabilities of discontinued operations as of the last day of the preceding four quarters and the current quarter in the denominator.

⁽²⁾Adjusted return on equity is calculated using adjusted earnings (income before discontinued operations excluding non-recurring separation costs and AMEX Assurance) in the numerator, and equity excluding both the assets and liabilities of discontinued operations and equity allocated to expected non-recurring separation costs as of the last day of the preceding four quarters and the current quarter in the denominator.

B15

Ameriprise Financial, Inc.

Return on Equity Calculation for the 12 Months Ended December 31, 2005

(in millions, unaudited)	ROE Excluding Discontinued Operations (1)			Adjustments			Adjusted ROE (2)
Return	$	558		$	135		$	693
Equity	$	6,980		$	(168	)	$	6,812
Return on Equity	8.0		%				10.2		%

Ameriprise Financial, Inc.

Return on Equity Calculation for the 12 Months Ended March 31, 2006

(in millions, unaudited)	ROE Excluding Discontinued Operations (1)			Adjustments			Adjusted ROE (2)
Return	$	528		$	192		$	720
Equity	$	7,156		$	(235	)	$	6,921
Return on Equity	7.4		%				10.4		%

⁽¹⁾Return on equity is calculated using the 12 month trailing income before discontinued operations in the numerator and the average of shareholders’ equity before the assets and liabilities of discontinued operations as of the last day of the preceding four quarters and the current quarter in the denominator.

⁽²⁾Adjusted return on equity is calculated using adjusted earnings (income before discontinued operations excluding non-recurring separation costs and AMEX Assurance) in the numerator, and equity excluding both the assets and liabilities of discontinued operations and equity allocated to expected non-recurring separation costs as of the last day of the preceding four quarters and the current quarter in the denominator.

B16

Ameriprise Financial, Inc.

Return on Equity Calculation for the Three Months Ended June 30, 2006

(in millions, unaudited)	ROE Excluding Discontinued Operations (1)			Adjustments			Adjusted ROE (2)
Return	$	520		$	236		$	756
Equity	$	7,348		$	(291	)	$	7,057
Return on Equity	7.1		%				10.7		%

⁽¹⁾Return on equity is calculated using the 12 month trailing income before discontinued operations in the numerator and the average of shareholders’ equity before the assets and liabilities of discontinued operations as of the last day of the preceding four quarters and the current quarter in the denominator.

⁽²⁾Adjusted return on equity is calculated using adjusted earnings (income before discontinued operations excluding non-recurring separation costs and AMEX Assurance) in the numerator, and equity excluding both the assets and liabilities of discontinued operations and equity allocated to expected non-recurring separation costs as of the last day of the preceding four quarters and the current quarter in the denominator.

B17

Ameriprise Financial, Inc.

Ratio of Earnings to Fixed Charges

																2Q’06
	2Q			3Q			4Q			1Q			2Q			vs. 2Q’05		YTD			YTD
(in millions, unaudited)	2005			2005			2005			2006			2006			% Change		2005			2006
Ratio of Earnings to Fixed Charges (1)
Earnings	$	220		$	207		$	159		$	225		$	225		2	%	$	493		$	450
Fixed charges	$	30		$	26		$	31		$	34		$	39		30	%	$	56		$	73
Ratio of earnings to fixed charges	7.3		x	8.0		x	5.1		x	6.6		x	5.8		x	(21	)%	8.8		x	6.2		x
Ratio of Earnings to Fixed Charges without  interest expense on non-recourse debt  (1)
Earnings	$	220		$	207		$	159		$	225		$	225		2	%	$	493		$	450
Interest expense on non-recourse debt:
Interest on debt of CDO consolidated per FIN 46R	(4		)	(5		)	(5		)	(5		)	(5		)	(25	)%	(8		)	(10		)
Interest on debt of Threadneedle Managed Limited Partnerships consolidated per EITF 04-5	—			—			—			(1		)	(3		)	—		—			(4		)
	(4		)	(5		)	(5		)	(6		)	(8		)		#	(8		)	(14		)
Other	1			3			3			—			—				#	2			—
Total earnings	$	217		$	205		$	157		$	219		$	217		—		$	487		$	436
Fixed charges	30			26			31			34			39			30	%	56			73
Interest expense on non-recourse debt:
Interest on debt of CDO consolidated per FIN 46R	(4		)	(5		)	(5		)	(5		)	(5		)	(25	)%	(8		)	(10		)
Interest on debt of Threadneedle Managed Limited Partnerships consolidated per EITF 04-5	—			—			—			(1		)	(3		)	—		—			(4		)
	(4		)	(5		)	(5		)	(6		)	(8		)		#	(8		)	(14		)
Other	—			3			5			—			—			—		2			—
Total fixed charges	$	26		$	24		$	31		$	28		$	31		19	%	$	50		$	59
Ratio of earnings to fixed charges without interest expense on non-recourse debt	8.4		x	8.7		x	5.1		x	7.8		x	7.0		x	(17	)%	9.7		x	7.4		x

(1)See definition of Ratio of Fixed Charges included in this supplement.

# Variance of 100% or greater.

B18

Ameriprise Financial, Inc.

Disclosed Special Items

	Asset Accumulation & Income									Protection									Corporate
(in millions, unaudited)	401K (1)		Legal (2)			Threadneedle (3)		Investment Gains (4)		Auto and Home DAC (5)			Cost of Insurance (6)			Auto and Home Reserve (7)			Severance Costs (8)			Consolidated (9)
Revenues
Management, financial advice and service fees	$	—	$	—		$	—	$	—	$	—		$	—		$	—		$	—		$	—
Distribution fees	—		—			—		—		—			—			—			—			—
Net investment income	—		—			—		6		—			—			—			—			—
Premiums	—		—			—		—		—			—			—			—			—
Other revenues	66		—			28		—		—			18			—			—			—
Total revenues	66		—			28		6		—			18			—			—			—
Expenses
Compensation and benefits field	—		—			—		—		—			—			—			—			—
Compensation and benefits non-field	—		—			—		—		—			—			—			—			—
Interest credited to account values	—		—			—		—		—			—			—			—			27
Benefits, claims, losses and settlement expenses	—		—			—		—		—			7			(12		)	—			—
Amortization of deferred acquisition costs	—		—			—		—		28			(5		)	—			—			—
Interest and debt expense	—		—			3		—		—			—			—			—			—
Other expenses	30		32			25		—		—			—			—			11			(27		)
Total expenses	30		32			28		—		28			2			(12		)	11			—
Income before tax provision and accounting change	$	36	$	(32	)	$	—	$	6	$	(28	)	$	16		$	12		$	(11	)	$	—

(1)Sale of deferred contribution recordkeeping business.

(2)Legal and regulatory costs.

(3)Revaluation of certain limited partnership property funds managed by Threadneedle that prior to 2006 were not consolidated.

(4)Pretax realized net investment income.

(5)Adjustment to DAC balances in Auto and Home.

(6)Recognizing previously deferred revenues and expenses associated with cost of insurance.

(7)Reduction in prior period reserve.

(8)Cost of severance related to reengineering activities.

(9)Consolidated income statements show compensation and benefits - non field, which is included in “Other expenses” in the segments. This amount pertains to benefits non-field.

C1