Page 1 of 11
April 9, 2009
Ms. Patsy Mengiste
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
ATTN.: Document Control - EDGAR
RE: PROXY BOOK 1
N-14 File Number: 333-157520
Seligman Global Fund Series, Inc.
Seligman Global Technology Fund (PROPOSAL 1)
N-14 File Number: 333-157527
Seligman Growth Fund, Inc. (PROPOSAL 2)
N-14 File Number: 333-157517
RiverSource Strategy Series, Inc.
RiverSource Equity Value Fund (PROPOSAL 3)
N-14 File Number: 333-157526
Seligman Value Fund Series, Inc.
Seligman Smaller-Cap Value Fund (PROPOSAL 4)
PROXY BOOK 2
N-14 File Number: 333-157525
RiverSource Large Cap Series, Inc.
RiverSource Disciplined Equity Fund
(PROPOSALS 1(A) AND 1(B))
PROXY BOOK 3
N-14 File Number: 333-157557
Seligman Municipal Fund Series, Inc.
Seligman National Municipal Class
(PROPOSALS 1-14)
PROXY BOOK 4
N-14 File Number: 333-157556
RiverSource Market Advantage Series, Inc.
RiverSource Portfolio Builder Total Equity Fund
(PROPOSALS 1(A) AND 1(B))
RiverSource Portfolio Builder Aggressive Fund
(PROPOSAL 2)
RiverSource Portfolio Builder Moderate Aggressive Fund
(PROPOSAL 3)
PROXY BOOK 5
N-14 File Number: 333-157589
RiverSource Diversified Income Series, Inc.
RiverSource Diversified Bond Fund (PROPOSAL 1)
N-14 File Number: 333-157587
RiverSource Global Series, Inc.
Threadneedle Emerging Markets Fund
(PROPOSAL 2)
Threadneedle Global Equity Fund (PROPOSAL 3)
N-14 File Number: 333-157590
RiverSource High Yield Income Series, Inc.
RiverSource High Yield Bond Fund (PROPOSAL 4)
N-14 File Number: 333-157586
RiverSource Investment Series, Inc.
RiverSource Balanced Fund (PROPOSAL 5)
N-14 File Number: 333-157588
RiverSource International Managers Series, Inc.
RiverSource Partners International Select Growth Fund
(PROPOSAL 6)
N-14 File Number: 333-157592
RiverSource Government Income Series, Inc.
RiverSource Short Duration U.S. Government Fund (PROPOSAL 7)
Dear Ms. Mengiste:
This letter responds to your additional comment received by telephone on April
1, 2009 for the N-14 filings referenced above. The comment and response are
outlined below:
COMMENT: Confirm that the applicable Buying Fund and Selling Fund share
classes exist for each proposed Reorganization.
RESPONSE: The applicable share classes exist for each Buying Fund and
Selling Fund involved in the proposed Reorganizations. For your reference
we have provided a chart, attached as Exhibit A to this letter, which
outlines the corresponding Buying Fund and Selling Fund series and class
identifiers. With regard to
Page 2 of 11
certain Seligman Funds, share classes currently identified as Class R and
Class I will be redesignated as Class R2 and Class R5, respectively, as a
part of the integration-related work. These changes will occur after the
effectiveness of the Form N-14 Registration Statements but prior to the
Reorganization transactions and have been appropriately noted in Part A and
Part B of the Form N-14 Registration Statements.
In connection with the above-referenced Registration Statements, each Registrant
hereby acknowledges the following:
The disclosures in the filing are the responsibility of the Registrant and
the Registrant is fully responsible for the adequacy or accuracy of the
disclosures in this filing. The Registrant represents to the Commission
that comments made by the Commission, or the staff acting pursuant to
delegated authority, or changes to disclosure in response to staff comments
in the filing reviewed by the staff, do not foreclose the Commission from
taking any action with respect to the filing, and the Registrant represents
that it will not assert this action as a defense in any proceeding
initiated by the Commission or any person, under the federal securities
laws of the United States.
If you have any questions, please contact either me at 612-671-4321 or Heidi
Brommer at 612-671-2403.
Sincerely,
/s/ Christopher O. Petersen
-------------------------------------
Christopher O. Petersen
Vice President and Group Counsel
Ameriprise Financial, Inc.
Page 3 of 11
EXHIBIT A
PROXY BOOK 1
PROPOSAL 1
N-14 File Number: 333-157520
BUYING FUND SELLING FUND
------------------------------------ ------------------------------------
SELIGMAN GLOBAL RIVERSOURCE GLOBAL
FUND SERIES, INC. CIK: 0000881466 SERIES, INC. CIK: 0000842918
------------------ --------------- ------------------ ---------------
Seligman Global RiverSource Global
Technology Fund S000009658 Technology Fund S000003518
Class A C000026473 Class A C000009749
Class B C000026474 Class B C000009750
Class C C000026475 Class C C000009751
Class I* C000075911 Class I C000009747
Class R4* C000075909 Class R4 C000043014
* New share class established through Form N-1A for purposes of the
reorganization.
PROPOSAL 2
N-14 File Number: 333-157527
BUYING FUND SELLING FUND
-------------------------------------------- -----------------------------------------
SELIGMAN GROWTH RIVERSOURCE LARGE
FUND, INC. CIK: 0000316411 CAP SERIES, INC. CIK: 0000049702
-------------------------- --------------- ----------------------- ---------------
Seligman Growth Fund, Inc. S000009569 RiverSource Growth Fund S000003288
Class A C000026136 Class A C000008746
Class B C000026137 Class B C000008747
Class C C000026138 Class C C000008748
Class I* C000076414 Class I C000008749
Class R (to be
redesignated R2) C000026141 Class R2 C000042894
Class R3* C000076415 Class R3 C000042895
Class R4* C000076416 Class R4 C000042896
Class I (to be
redesignated R5) C000026140 Class R5 C000042897
* New share class established through Form N-1A for purposes of the
reorganization.
Page 4 of 11
PROPOSAL 3
N-14 File Number: 333-157517
BUYING FUND SELLING FUND
----------------------------------------------- --------------------------------------------------
RIVERSOURCE STRATEGY RIVERSOURCE LARGE CAP
SERIES, INC. CIK: 0000740146 SERIES, INC. CIK: 0000049702
----------------------------- ----- --------- -------------------------------- ---------------
RiverSource Equity Value Fund S000003300 RiverSource Large Cap Value Fund S000003290
Class A C000008797 Class A C000008758
Class B C000008798 Class B C000008759
Class C C000008795 Class C C000008756
Class I C000008796 Class I C000008760
Class R2 C000043049 Class R2 C000042902
Class R3 C000043050 Class R3 C000042903
Class R4 C000043051 Class R4 C000042904
Class R5 C000043052 Class R5 C000042905
PROPOSAL 4
N-14 File Number: 333-157526
BUYING FUND SELLING FUND
----------------------------------------------- --------------------------------------------------
SELIGMAN VALUE FUND RIVERSOURCE STRATEGY
SERIES, INC. CIK: 0001031594 SERIES, INC. CIK: 0000740146
----------------------------- --------------- -------------------------------- ---------------
Seligman Smaller-Cap RiverSource Small Cap
Value Fund S000009592 Advantage Fund S000003302
Class A C000026194 Class A C000008807
Class B C000026195 Class B C000008808
Class C C000026196 Class C C000008809
Class I* C000076442 Class I C000008805
Class R (to be
redesignated R2) C000026199 Class R2 C000043058
Class R3* C000076443 Class R3 C000043059
Class R4* C000076444 Class R4 C000043060
Class I (to be
redesignated R5) C000026198 Class R5 C000043061
* New share class established through Form N-1A for purposes of the
reorganization.
Page 5 of 11
PROXY BOOK 2
PROPOSALS 1(A) AND 1(B)
N-14 File Number: 333-157525
BUYING FUND SELLING FUND (PROPOSAL 1(A)) SELLING FUND (PROPOSAL 1(B))
----------------------------------------- ----------------------------------- ---------------------------------------
RIVERSOURCE LARGE CAP RIVERSOURCE LARGE SELIGMAN COMMON STOCK
SERIES, INC. CIK: 0000049702 CAP SERIES, INC. CIK: 0000049702 FUND, INC. CIK: 0000014358
----------------------- --------------- ----------------- --------------- --------------------- ---------------
RiverSource Disciplined RiverSource Large Seligman Common Stock S000009548
Equity Fund S000003287 Cap Equity Fund S000003289 Fund, Inc.
Class A C000008744 Class A C000008752 Class A C000026086
Class B C000008741 Class B C000008753 Class B C000026087
Class C C000008742 Class C C000008754 Class C C000026088
Class I C000008745 Class I C000008751 -- --
Class R2 C000042888 Class R2 C000042898 Class R C000026091
(to be
redesignated R2)
Class R3 C000042889 Class R3 C000042899 -- --
Class R4 C000042890 Class R4 C000042900 -- --
Class R5 C000042891 Class R5 C000042901 Class I C000026090
(to be
redesignated R5)
Page 6 of 11
PROXY BOOK 3
PROPOSALS 1-14
N-14 File Number: 333-157557
BUYING FUND SELLING FUNDS
-------------------------------------------- ------------------------------------------------------------
SELIGMAN MUNICIPAL FUND
SERIES, INC. CIK: 0000726291 SELIGMAN MUNICIPAL FUND SERIES, INC. CIK: 0000726291
Seligman National Municipal S000009600 Seligman Colorado Municipal Class S000009605
Class Class A C000026278
Class A C000026263 Seligman Georgia Municipal Class S000009606
Class A C000026281
Seligman Louisiana Municipal Class S000009607
Class A C000026284
Seligman Maryland Municipal Class S000009608
Class A C000026287
Seligman Massachusetts Municipal Class S000009609
Class A C000026290
Seligman Michigan Municipal Class S000009610
Class A C000026293
Seligman Missouri Municipal Class S000009612
Class A C000026299
Seligman Ohio Municipal Class S000009602
Class A C000026269
Seligman Oregon Municipal Class S000009603
Class A C000026272
Seligman South Carolina Municipal Class S000009604
Class A C000026275
SELIGMAN MUNICIPAL SERIES TRUST CIK: 0000750756
Seligman Florida Municipal Class S000009616
Class A C000026322
Seligman North Carolina Municipal Series S000009617
Class A C000026325
SELIGMAN NEW JERSEY MUNICIPAL FUND, INC. CIK: 0000813240
Seligman New Jersey Municipal Fund, Inc. S000009595
Class A C000026207
SELIGMAN PENNSYLVANIA MUNICIPAL FUND SERIES CIK: 0000793701
Seligman Pennsylvania Municipal Fund Series S000009596
Class A C000026210
Page 7 of 11
BUYING FUND SELLING FUNDS
-------------------------------------------- ------------------------------------------------------------
SELIGMAN MUNICIPAL FUND
SERIES, INC. CIK: 0000726291 SELIGMAN MUNICIPAL FUND SERIES, INC. CIK: 0000726291
Seligman National Municipal S000009600 Seligman Colorado Municipal Class S000009605
Class Class C C000026279
Class C C000026264 Seligman Georgia Municipal Class S000009606
Class C C000026282
Seligman Louisiana Municipal Class S000009607
Class C C000026285
Seligman Maryland Municipal Class S000009608
Class C C000026288
Seligman Massachusetts Municipal Class S000009609
Class C C000026291
Seligman Michigan Municipal Class S000009610
Class C C000026294
Seligman Missouri Municipal Class S000009612
Class C C000026300
Seligman Ohio Municipal Class S000009602
Class C C000026270
Seligman Oregon Municipal Class S000009603
Class C C000026273
Seligman South Carolina Municipal Class S000009604
Class C C000026276
SELIGMAN MUNICIPAL SERIES TRUST CIK: 0000750756
Seligman Florida Municipal Class S000009616
Class C C000026323
Seligman North Carolina Municipal Series S000009617
Class C C000026326
SELIGMAN NEW JERSEY MUNICIPAL FUND, INC. CIK: 0000813240
Seligman New Jersey Municipal Fund, Inc. S000009595
Class C C000026208
SELIGMAN PENNSYLVANIA MUNICIPAL FUND SERIES CIK: 0000793701
Seligman Pennsylvania Municipal Fund Series S000009596
Class C C000026211
Page 8 of 11
PROXY BOOK 4
PROPOSALS 1(A) AND 1(B)
N-14 File Number: 333-157556
BUYING FUND SELLING FUND (PROPOSAL 1(A)) SELLING FUND (PROPOSAL 1(B))
------------------------------------ -------------------------------- --------------------------------
RIVERSOURCE MARKET SELIGMAN ASSET SELIGMAN ASSET
ADVANTAGE SERIES, ALLOCATION ALLOCATION
INC. CIK: 0000854669 SERIES, INC. CIK: 0001092633 SERIES, INC. CIK: 0001092633
------------------ --------------- -------------- --------------- -------------- ---------------
RiverSource Seligman Asset
Portfolio Allocation Seligman Asset
Builder Total Aggressive Allocation
Equity Fund S000003296 Growth Fund S000009643 Growth Fund S000009644
Class A C000008783 Class A C000026407 Class A C000026411
Class B C000008784 Class B C000026408 Class B C000026412
Class C C000008781 Class C C000026409 Class C C000026413
PROPOSAL 2
N-14 File Number: 333-157556
BUYING FUND SELLING FUND
--------------------------------------- -------------------------------------------
RIVERSOURCE MARKET SELIGMAN ASSET
ADVANTAGE SERIES, ALLOCATION
INC. CIK: 0000854669 SERIES, INC. CIK: 0001092633
--------------------- --------------- ------------------------- ---------------
RiverSource Portfolio
Builder Aggressive Seligman Asset Allocation
Fund S000003295 Moderate Growth Fund S000009645
Class A C000008779 Class A C000026415
Class B C000008780 Class B C000026416
Class C C000008777 Class C C000026417
PROPOSAL 3
N-14 File Number: 333-157556
BUYING FUND SELLING FUND
--------------------------------------- -------------------------------------------
RIVERSOURCE MARKET SELIGMAN ASSET
ADVANTAGE SERIES, ALLOCATION SERIES,
INC. CIK: 0000854669 INC. CIK: 0001092633
--------------------- --------------- ------------------------- ---------------
RiverSource Portfolio Seligman Asset
Builder Moderate Allocation Balanced
Aggressive Fund S000003294 Fund S000009646
Class A C000008775 Class A C000026419
Class B C000008776 Class B C000026420
Class C C000008773 Class C C000026421
Page 9 of 11
PROXY BOOK 5
PROPOSAL 1
N-14 File Number: 333-157589
BUYING FUND SELLING FUND
--------------------------------------- -------------------------------------------
RIVERSOURCE
DIVERSIFIED SELIGMAN CORE FIXED
INCOME SERIES, INC. CIK: 0000049697 INCOME FUND, INC. CIK: 0001142702
--------------------- --------------- ------------------------- ---------------
RiverSource
Diversified Seligman Core Fixed
Bond Fund S000003362 Income Fund, Inc. S000002551
Class A C000009232 Class A C000007020
Class B C000009233 Class B C000007021
Class C C000009234 Class C C000007022
Class R (to be
Class R2 C000038360 redesignated R2) C000007024
Class I (to be
Class R5 C000038362 redesignated R5) C000008210
PROPOSAL 2
RiverSource N-14 File Number: 333-157587
BUYING FUND SELLING FUND
--------------------------------------- -------------------------------------------
RIVERSOURCE GLOBAL SELIGMAN GLOBAL FUND
SERIES, INC. CIK: 0000842918 SERIES, INC. CIK: 0000881466
--------------------- --------------- ------------------------- ---------------
Threadneedle Emerging Seligman Emerging Markets
Markets Fund S000003513 Fund S000009654
Class A C000009727 Class A C000026449
Class B C000009728 Class B C000026450
Class C C000009724 Class C C000026451
Class R (to be
Class R2* C000076523 redesignated R2) C000026454
Class I (to be
Class R5 C000068287 redesignated R5) C000026453
* New share class established through Form N-1A for purposes of the
reorganization.
Page 10 of 11
PROPOSAL 3
RiverSource N-14 File Number: 333-157587
BUYING FUND SELLING FUND
-------------------------------------------------- ---------------------------------------------------
RIVERSOURCE GLOBAL SERIES, INC. CIK: 0000842918 SELIGMAN GLOBAL FUND SERIES, INC. CIK: 0000881466
------------------------------- --------------- --------------------------------- ---------------
Threadneedle Global Equity Fund S000003517 Seligman Global Growth Fund S000009655
Class A C000009744 Class A C000026455
Class B C000009745 Class B C000026456
Class C C000009743 Class C C000026457
Class R (to be
Class R2 C000043012 redesignated R2) C000026460
Class I (to be
Class R5 C000043010 redesignated R5) C000026459
PROPOSAL 4
N-14 File Number: 333-157590
BUYING FUND SELLING FUND
-------------------------------------------------- ---------------------------------------------------
RIVERSOURCE HIGH YIELD INCOME SELIGMAN HIGH INCOME FUND
SERIES, INC. CIK: 0000728374 SERIES CIK: 0000752372
------------------------------- --------------- --------------------------------- ---------------
RiverSource High Yield Bond Fund S000003310 Seligman High-Yield Fund S000002552
Class A C000008857 Class A C000007025
Class B C000008858 Class B C000007026
Class C C000008859 Class C C000007027
Class R (to be
Class R2 C000042972 redesignated R2) C000007029
Class I (to be
Class R5 C000042975 redesignated R5) C000008211
PROPOSAL 5
N-14 File Number: 333-157586
BUYING FUND SELLING FUND
-------------------------------------------------- ---------------------------------------------------
RIVERSOURCE INVESTMENT SERIES, SELIGMAN INCOME AND GROWTH
INC. CIK: 0000052347 FUND, INC. CIK: 0000100852
------------------------------- --------------- --------------------------------- ---------------
RiverSource Balanced Fund S000003395 Seligman Income and Growth
Fund, Inc. S000009562
Class A C000009328 Class A C000026124
Class B C000009329 Class B C000026125
Class C C000009327 Class C C000026126
Class R (to be
Class R2* C000076521 redesignated R2) C000026129
Class I (to be
Class R5* C000076522 redesignated R5) C000026128
* New share class established through Form N-1A for purposes of the
reorganization.
Page 11 of 11
PROPOSAL 6
N-14 File Number: 333-157588
BUYING FUND SELLING FUND
------------------------------------------- ----------------------------------------
RIVERSOURCE INTERNATIONAL SELIGMAN GLOBAL FUND
MANAGERS SERIES, INC. CIK: 0001140531 SERIES, INC. CIK: 0000881466
------------------------- --------------- ---------------------- ---------------
RiverSource Partners
International Select Seligman International
Growth Fund S000003412 Growth Fund S000009657
Class A C000009429 Class A C000026467
Class B C000009430 Class B C000026468
Class C C000009427 Class C C000026469
Class R (to be
Class R2* C000076526 redesignated R2) C000026472
Class I (to be
Class R5* C000076527 redesignated R5) C000026471
* New share class established through Form N-1A for purposes of the
reorganization.
PROPOSAL 7
N-14 File Number: 333-157592
BUYING FUND SELLING FUND
-------------------------------------------- ------------------------------------------
RIVERSOURCE GOVERNMENT SELIGMAN HIGH INCOME
INCOME SERIES, INC. CIK: 0000764802 FUND SERIES CIK: 0000752372
-------------------------- --------------- ------------------------ ---------------
RiverSource Short Duration Seligman U.S. Government
U.S. Government Fund S000003306 Securities Fund S000002553
Class A C000008828 Class A C000007030
Class B C000008829 Class B C000007031
Class C C000008830 Class C C000007032
Class R (to be
Class R2* C000076520 redesignated R2) C000007034
* New share class established through Form N-1A for purposes of the
reorganization.