Supplement, dated March 25, 2009
to the Prospectus, dated May 1, 2008, for
Seligman U.S. Government Securities Fund (the "Fund"),
a series of Seligman High Income Fund Series
(the "Series")

Effective March 25, 2009, this prospectus supplement supersedes and replaces
the prospectus supplement dated November 25, 2008. Effective immediately, John
G. McColley is a portfolio manager of the Fund, and Jamie Jackson no longer
serves as a portfolio manager. Other than changes to the information under the
sub-caption "Portfolio Manager(s)" under the caption "Management", the changes
set forth herein are substantially identical to those set forth in the
supplement dated November 25, 2008.

On November 7, 2008, RiverSource Investments, LLC ("RiverSource Investments"),
a wholly owned subsidiary of Ameriprise Financial, Inc., announced the closing
of its acquisition (the "Acquisition") of J. & W. Seligman & Co. Incorporated
("Seligman"). With the Acquisition completed and shareholders of the Fund
having previously approved (at a Special Meeting held on November 3, 2008) a
new investment management services agreement between the Series (on behalf of
the Fund) and RiverSource Investments, RiverSource Investments is the new
investment manager of the Fund effective November 7, 2008. In connection with
the Acquisition, the Fund's portfolio managers have been changed. This change
also results in modification to the investment process used for the Fund. The
foregoing changes are reflected in the revised Principal Investment Strategies,
Principal Risks and Management sections of the prospectus as set forth below.

Effective November 7, 2008, the following changes are hereby made to the Fund's
prospectus:

The information under the caption "Principal Investment Strategies" is hereby
superseded and replaced with the following information:

The Fund uses the following principal investment strategies to seek its
investment objective:

The Fund will invest at least 80% of its net assets in US government securities
which are debt securities issued or guaranteed by the US government, its
agencies or instrumentalities, or government sponsored enterprises. Although
certain of the securities in which the Fund may invest are backed by the full
faith and credit of the US government (and thus involve minimal credit risk),
other securities in which the Fund may invest are backed only by the credit of
a US federal agency, instrumentality or government sponsored enterprise that
issued the security (and thus may have increased credit risk). Securities
backed by the full faith and credit of the US government include direct
obligations of the US Treasury (including bills, notes, and bonds) and
mortgage-backed securities guaranteed by the Government National Mortgage
Association (GNMA). Examples of securities not backed by the full faith and
credit of the US government include securities issued by the Student Loan
Marketing Association (Sallie Mae), the Federal Home Loan Banks (FHLBs), the
Federal Home Loan Mortgage Corporation (Freddie Mac) or the Federal National
Mortgage Association (Fannie Mae).

In pursuit of the Fund's objectives, the investment manager (RiverSource
Investments, LLC) chooses investments by:

.. Reviewing credit characteristics and the interest rate outlook.

.. Identifying and buying securities that are high quality or have similar
qualities, in the investment manager's opinion, even though they are not
rated or have been given a lower rating by a rating agency.

In evaluating whether to sell a security, the investment manager considers,
among other factors, whether:

.. The investment manager wishes to lock-in profits.

.. Changes in the interest rate or economic outlook.

.. The investment manager identifies a more attractive opportunity.

The Fund intends to comply with Rule 4.5 of the Commodity Futures Trading
Commission (CFTC), under which a mutual fund is exempt from the definition of a
"commodity pool operator." The Fund, therefore, is not subject to registration
or regulation as a pool operator, meaning that the Fund may invest in futures
contracts without registering with the CFTC.

The Fund may, from time to time, take temporary defensive positions that are
inconsistent with its principal strategies in seeking to minimize extreme
volatility caused by adverse market, economic, political or other conditions.
This could prevent the Fund from achieving its objective.

The Fund's investment objective may be changed only with shareholder approval.
The principal investment strategies may be changed without shareholder
approval. Any changes to these strategies, however, must be approved by the
Board of Trustees of the Series, of which the Fund is a separate series.
Shareholders will be provided with at least 60 days prior written notice of any
change to the "80%" investment policy described above.

There is no guarantee that the Fund will achieve its objective.

The information under the caption "Management" (including the sub-caption
"Portfolio Manager(s)" and the information thereunder) is hereby superseded and
replaced with the following information (caption headings have been restated
for your convenience):

On November 7, 2008, RiverSource Investments, LLC ("RiverSource Investments")
announced the closing of its acquisition (the "Acquisition") of J. & W.
Seligman & Co. Incorporated ("Seligman"), 100 Park Avenue, New York, New York
10017. With the Acquisition completed and shareholders having previously
approved (at a Special Meeting held on November 3, 2008) a new investment
management services agreement between the Series (on behalf of the Fund) and
RiverSource Investments (the "Agreement"), RiverSource Investments is the new
investment manager of the Fund effective November 7, 2008.

RiverSource Investments, 200 Ameriprise Financial Center, Minneapolis,
Minnesota 55474, is also the investment manager of the other funds in the
Seligman Group of Funds, and is a wholly-owned subsidiary of Ameriprise
Financial, Inc. ("Ameriprise Financial"). Ameriprise Financial is a financial
planning and financial services company that has been offering solutions for
clients' asset accumulation, income management and protection needs for more
than 110 years. In addition to managing investments for the Seligman Group of
Funds, RiverSource Investments manages investments for the RiverSource funds,
itself and its affiliates. For institutional clients, RiverSource Investments
and its affiliates provide investment management and related services, such as
separate account asset management, and institutional trust and custody, as well
as other investment products. For all of its clients, RiverSource Investments
seeks to allocate investment opportunities in an equitable manner over time.

Effective November 7, 2008, the Fund will pay RiverSource Investments a fee for
managing its assets (Seligman will no longer receive a management fee effective
November 7, 2008). The fee paid to RiverSource Investments will be the same
annual fee rate that was paid to Seligman prior to November 7, 2008, which is
equal to an annual rate of 0.50% of the Fund's average daily net assets. For
the year ended December 31, 2007, the management fee paid by the Fund to
Seligman (the Fund's manager prior to November 7, 2008) was equal to an annual
rate of 0.50% of the Fund's average daily net assets.

On July 29, 2008, the Fund's Board met to discuss, prior to shareholder
approval, the Agreement between the Series (on behalf of the Fund) and
RiverSource Investments. A discussion regarding the basis for the Board
approving the Agreement on behalf of the Fund was included in the Fund's proxy
statement, dated August 27, 2008, and will be made available in the Fund's
upcoming annual shareholder report.

Portfolio Manager(s). The portfolio managers responsible for the day-to-day
management of the Fund are:

Todd White, Portfolio Manager

.. Managed the Fund since 2008.

.. Leader of the liquid assets sector team.

.. Joined RiverSource Investments in 2008.

.. Managing Director, Global Head of the Asset-Backed and Mortgage-Backed
Securities businesses, and North American Head of the Interest Rate
business, HSBC, 2004 to 2008; Managing Director and Head of Business for
Mortgage Pass-Through and Options, Lehman Brothers, 2000 to 2004.

.. Began investment career in 1986.

.. BS, Indiana University.

John G. McColley, Portfolio Manager

.. Managed the Fund since 2009.

.. Sector Manager, liquid assets sector team.

.. Joined RiverSource Investments in 1985.

.. Began investment career in 1984.

.. BS, Carlson School of Management, University of Minnesota.

The Series' Statement of Additional Information provides additional information
about the compensation of the Portfolio Manager, other accounts managed by the
Portfolio Manager, and the Portfolio Manager's ownership of securities of the
Fund.

The following information is added to the section entitled "Shareholder
Information" under the sub-caption "How to Exchange Shares Among the Seligman
Mutual Funds":

The Seligman Mutual Funds are part of the RiverSource complex of funds which,
in addition to RiverSource funds, includes RiverSource Partners funds and
Threadneedle funds. Each of the funds in the RiverSource complex shares the
same Board of Directors/Trustees. However, the Seligman Mutual Funds do not
share the same policies and procedures, as set forth in the Shareholder
Information section of this prospectus, as the other funds in the RiverSource
complex and may not be exchanged for shares of RiverSource funds, RiverSource
Partners funds or Threadneedle funds.

SUPPLEMENT DATED MARCH 16, 2009 TO THE
PROSPECTUSES
AND
STATEMENTS OF ADDITIONAL INFORMATION
OF EACH OF THE FOLLOWING FUNDS:

Prospectuses, each dated February 2, 2009, for

Seligman Core Fixed Income Fund, Inc., Seligman Municipal Fund Series, Inc.,
Seligman Municipal Series Trust, Seligman New Jersey Municipal Fund, Inc.,
Seligman Pennsylvania Municipal Fund Series and
Seligman TargetHorizon ETF Portfolios, Inc.

Prospectuses, each dated May 1, 2008, for

Seligman Asset Allocation Series, Inc., Seligman Cash Management Fund, Inc.,
Seligman Capital Fund, Inc., Seligman Common Stock Fund, Inc.,
Seligman Communications and Information Fund, Inc., Seligman Growth Fund, Inc.,
Seligman High Income Fund Series, Seligman Income and Growth Fund, Inc.,
Seligman LaSalle Real Estate Fund Series, Inc., Seligman Portfolios, Inc.,
Seligman Value Fund Series, Inc. and Tri-Continental Corporation

(each, a "Fund", and collectively, the "Funds")

On March 13, 2009, without admitting or denying any violations of law or
wrongdoing, J. & W. Seligman & Co. Incorporated (Seligman), Seligman Advisors,
Inc. (now known as RiverSource Fund Distributors, Inc.), Seligman Data Corp.
and Brian T. Zino (collectively, the "Seligman Parties") entered into a
stipulation of settlement with the Office of the Attorney General of the State
of New York ("NYAG") and settled the claims made by the NYAG in September 2006
relating to allegations of frequent trading in certain Seligman Funds. Under
the terms of the settlement, Seligman will pay $11.3 million to four Seligman
Funds as follows: $150,000 to Seligman Global Growth Fund, $550,000 to Seligman
Global Smaller Companies Fund, $7.7 million to Seligman Communications and
Information Fund and $2.9 million to Seligman Global Technology Fund. These
settlement payments are reflected in the net asset values of these four
Seligman Funds. This settlement resolves all outstanding matters between the
Seligman Parties and the NYAG.

SUPPLEMENT DATED MARCH 3, 2009 TO THE PROSPECTUSES
(EXCLUDING THE CLASS I PROSPECTUSES)
OF EACH OF THE FOLLOWING FUNDS:

Prospectuses, each dated February 2, 2009, for
Seligman Municipal Fund Series, Inc., Seligman Municipal Series Trust, Seligman
New Jersey Municipal Fund, Inc., Seligman Pennsylvania Municipal Fund Series,
Seligman Core Fixed Income Fund, Inc. and Seligman TargetHorizon ETF
Portfolios, Inc.

Prospectuses, each dated May 1, 2008, for
Seligman Asset Allocation Series, Inc., Seligman High Yield Fund,
Seligman Income and Growth Fund, Inc. and Seligman U.S. Government Securities
Fund

(each, a "Fund" and collectively, the "Funds")

The section entitled "Check Redemption Service" under "Shareholder Information
- -- How to Sell Shares" in the Prospectus of each Fund is hereby superseded and
replaced with the following information:

Check Redemption Service. The Check Redemption Service is being terminated.
Effective March 6, 2009, the Fund will not establish the Check Redemption
Service for any Fund accounts. For Fund accounts currently utilizing the Check
Redemption Service, this service will be terminated effective May 1, 2009.
Seligman Data Corp. (SDC) will continue to honor check redemptions provided
that SDC receives the intermediary's request for payment on or before April 30,
2009. After April 30, 2009, SDC will reject an intermediary's request for
payment. Neither SDC nor the Fund(s) can guarantee that SDC will receive the
request for payment on any checks you write against your Fund account by
April 30, 2009. Please note that if you own Class A shares that were bought at
net asset value (NAV) because of the size of your purchase, or if you own Class
B shares, check redemptions may be subject to a contingent deferred sales
charge (CDSC). If you own Class C or Class R shares, you may use this service
only with respect to shares that you have held for at least one year.

SUPPLEMENT DATED FEBRUARY 4, 2009 TO THE PROSPECTUSES
OF EACH OF THE FOLLOWING FUNDS:

Prospectuses, each dated March 3, 2008, for
Seligman Frontier Fund, Inc. and Seligman Global Fund Series, Inc.

Prospectuses, each dated May 1, 2008, for
Seligman Asset Allocation Series, Inc., Seligman Cash Management Fund, Inc.,
Seligman Capital Fund, Inc., Seligman Common Stock Fund, Inc.,
Seligman Communications and Information Fund, Inc.,
Seligman Growth Fund, Inc., Seligman High Yield Fund,
Seligman Income and Growth Fund, Inc., Seligman LaSalle Real Estate
Fund Series, Inc., Seligman U.S. Government Securities Fund,
and Seligman Value Fund Series, Inc.

(collectively, the "Funds").

The following change to the Funds' Prospectuses (not applicable to a Fund's
Class I Prospectus) is effective February 4, 2009.

The section entitled "Reinstatement Privilege" under "Shareholder Information
- -- Important Policies That May Affect Your Account" in each Fund's Prospectus
is hereby superseded and replaced with the following information (the section
is renamed "Repurchases"):

Repurchases. You can change your mind after requesting a sale of shares and use
all or part of the sale proceeds to purchase new shares of the Fund or any
other Seligman mutual fund.

The following applies to shareholders who sold Fund shares on or after
February 4, 2009 and wish to repurchase shares (the "New Repurchase Policy"):
If your original purchase was in Class A or Class B shares, you may use all or
part of the sale proceeds to purchase new Class A shares in any Seligman fund
account linked together for Rights of Accumulation purposes. Your repurchase
will be in Class A shares at NAV, up to the amount of the sale proceeds.
Repurchases of Class B shares will also be made in Class A shares at NAV. Any
CDSC paid upon redemption of your Class B shares will not be reimbursed. If
your original purchase was in Class C shares, you will be allowed to reinvest
in the same Class C account and fund you originally purchased. In a Class C
share repurchase, the CDSC you paid will be reinvested and the shares will be
deemed to have the original cost and purchase date for purposes of applying the
CDSC (if any) to subsequent redemptions. Systematic withdrawals and purchases
will be excluded from this policy.

The following applies to shareholders who sold Fund shares on or before
February 3, 2009 and wish to repurchase shares: You have the option of taking
advantage of the New Repurchase Policy described above, or you may use all or
part of the sale proceeds to purchase shares of the Fund or any other Seligman
mutual fund without paying an initial sales charge or, if you paid a CDSC when
you sold your shares, receiving a credit for the applicable CDSC (the "Former
Repurchase Policy").

If you sold Fund shares on or after February 4, 2009 and wish to take advantage
of the New Repurchase Policy, you must notify your financial advisor or SDC
within 90 days of the date your sale request was processed. If you sold Fund
shares on or before February 3, 2009 and wish to take advantage of either the
New Repurchase Policy or the Former Repurchase Policy, you must notify your
financial advisor or SDC within 120 days of the date your sale request was
processed (e.g., if you sold Fund shares on February 3, 2009, you must notify
your financial advisor or SDC by June 3, 2009). Contact your financial advisor
or SDC for information on required documentation. The repurchase privileges may
be modified or discontinued at any time and use of this option may have tax
consequences.

SUPPLEMENT DATED JANUARY 28, 2009 TO THE PROSPECTUS
(OTHER THAN THE CLASS I PROSPECTUS)
OF EACH OF THE FOLLOWING FUNDS:

Prospectus, each dated March 3, 2008, for
Seligman Frontier Fund, Inc. and Seligman Global Fund Series, Inc.

Prospectus, each dated May 1, 2008, for
Seligman Capital Fund, Inc., Seligman Cash Management Fund, Inc.,
Seligman Common Stock Fund, Inc.,
Seligman Communications and Information Fund, Inc.,
Seligman Growth Fund, Inc., Seligman High-Yield Fund, Seligman Income and Growth
Fund, Inc., Seligman LaSalle Real Estate Fund Series, Inc.,
Seligman U.S. Government Securities Fund, Seligman Value Fund Series, Inc.,
and Tri-Continental Corporation

(each, together with any series thereof, a "Fund" and
all Funds collectively, the "Funds")

The Board of Directors/Trustees of each Fund has approved RiverSource Service
Corporation ("RSC") as the Fund's new transfer and shareholder service agent,
and the termination of each Fund's relationship with Seligman Data Corp.
("SDC"), the current transfer and shareholder service agent for the Funds,
effective on or about May 9, 2009. RSC is an affiliate of the Funds' investment
manager, RiverSource Investments, LLC.

The fees and expenses expected to be charged to each Fund by RSC are generally
lower than the fees and expenses charged to each Fund by SDC. Nevertheless, as
a result of the termination of the relationship with SDC, each Fund will incur
non-recurring charges that would in the aggregate approximate 0.16% of that
Fund's net assets as of January 23, 2009 (the "Non-Recurring Charges"). These
Non-Recurring Charges will be incurred over the next several months in
accordance with generally accepted accounting principles. RSC's relatively
lower fees and expenses are expected, in the long run, to offset the
Non-Recurring Charges. Fund shareholders would bear their proportionate share
of a Fund's expenses, including the Non-Recurring Charges, up to any
contractual limit agreed upon by RiverSource Investments (if applicable) on a
Fund's "other expenses."

Supplement dated January 13, 2009 to the prospectus dated May 1, 2008
of Seligman U.S. Government Securities Fund (the "Seligman Fund"),
a series of Seligman High Income Fund Series
(the "Series")

On January 8, 2009, the Series' Board of Trustees approved in principle the
merger of the Seligman Fund into RiverSource Short Duration U.S. Government
Fund (the "RiverSource Fund"), a fund that seeks to provide shareholders with a
high level of current income and safety of principal consistent with investment
in U.S. government and government agency securities. More information about the
RiverSource Fund and the proposed merger will be included in proxy materials.

Completion of the merger is subject to approval by shareholders of the Seligman
Fund. It is currently anticipated that proxy materials regarding the merger
will be distributed to shareholders during the first or second quarter of 2009,
and that a meeting of shareholders to consider the merger will be scheduled for
the second quarter of 2009.

PROSPECTUS
May 1, 2008

Seligman
U.S. Government Securities Fund

Seeking a High Level of Current Income Consistent with Prudent Investment Risk
by Investing in US Government Securities

The Securities and Exchange Commission has neither approved nor disapproved
this Fund, and it has not determined this Prospectus to be accurate or
adequate. Any representation to the contrary is a criminal offense.

An investment in this Fund or any other fund cannot provide a complete
investment program. The suitability of an investment in the Fund should be
considered based on the investment objective, strategies and risks described in
this Prospectus, considered in light of all of the other investments in your
portfolio, as well as your risk tolerance, financial goals and time horizons.
We recommend that you consult an authorized dealer or your financial advisor to
determine if this Fund is suitable for you.

TXUSGI 5/2008

[LOGO] SELIGMAN
INVESTMENTS
--------------------------------
EXPERIENCE . INSIGHT . SOLUTIONS

Table of Contents

This Prospectus contains information about Seligman U.S. Government Securities
Fund (the "Fund"), a series of Seligman High Income Fund Series (the "Series").

THE FUND

Investment Objective........................................ 1

Principal Investment Strategies............................. 1

Principal Risks............................................. 2

Portfolio Holdings.......................................... 3

Past Performance............................................ 3

Fees and Expenses........................................... 5

Management.................................................. 6

SHAREHOLDER INFORMATION

Deciding Which Class of Shares to Buy....................... 8

Pricing of Fund Shares...................................... 14

Opening Your Account........................................ 14

How to Buy Additional Shares................................ 15

How to Exchange Shares Among the Seligman Mutual Funds...... 16

How to Sell Shares.......................................... 16

Important Policies That May Affect Your Account............. 18

Dividends and Capital Gain Distributions.................... 20

Taxes....................................................... 21

The Seligman Mutual Funds................................... 22

FINANCIAL HIGHLIGHTS.............................................. 25

HOW TO CONTACT US................................................. 28

FOR MORE INFORMATION.. back cover

The Fund

Investment Objective

The Fund's investment objective is to provide a high level of current income
consistent with prudent investment risk.

Principal Investment Strategies

The Fund uses the following principal investment strategies to seek its
investment objective:

When selecting individual securities for purchase by the Fund, the investment
manager:

.. seeks to determine long-term trends in interest rates and purchase portfolio
securities of certain maturities accordingly. For example, if the investment
manager believes interest rates will decline or remain flat, the Fund will
seek to purchase securities with longer maturities, and if the investment
manager expects rates to rise, the Fund will seek to purchase securities
with shorter maturities.

.. after determining the appropriate maturity, the investment manager seeks to
identify securities that offer higher yields, which will provide more income
to the Fund. In identifying potential investments, the investment manager
utilizes a bottom-up approach and focuses on an individual issuer's ability
to repay principal and interest when due (i.e., its credit quality) as well
as the structure of the particular security (e.g., maturity, coupon and call
features).

The Fund generally sells securities in response to the investment manager's
belief in the changing direction of long-term interest rates. The Fund may sell
securities with longer maturities when yield spreads become exceedingly narrow
and the investment manager believes that the Fund is not being amply rewarded
for buying securities with longer maturities (which generally offer higher
yields but are subject to more price volatility than securities with shorter
maturities). The Fund may sell securities with shorter maturities when yield
spreads widen and the investment manager believes that it would be prudent to
purchase securities with longer maturities. The Fund may also sell securities
when it must meet cash requirements.

Board of Trustees of the Series, of which the Fund is a separate series.
Shareholders will be provided with at least 60 days prior written notice of any
change to the "80%" investment policy described above.

There is no guarantee that the Fund will achieve its objective.

Principal Risks

The US government does not guarantee the market value or the current yield of
government securities. The Fund's net asset value, yield, and total return will
fluctuate and are not guaranteed by the US government.

Securities backed by the full faith and credit of the US government involve
minimal credit risk. These securities in which the Fund invests are considered
among the safest of fixed-income investments. However, the market value of such
securities (and the market value of those securities backed only by the credit
of the US federal agency or instrumentality or government sponsored enterprise
that issued the security in which the Fund also invests), like those of other
debt securities, will fluctuate with changes, real or anticipated, in the level
of interest rates. The Fund's net asset value per share will fluctuate with
changes in the market value of the securities held in its portfolio.
Additionally, the Fund's yield will vary based on the yield of its portfolio
securities.

Securities backed only by the credit of the US federal agency or
instrumentality or government sponsored enterprise that issued the security may
have increased credit risk, including, but not limited to, the risk of
non-payment of principal and/or interest. Some of these securities are
supported by the credit of the government sponsored enterprise itself and the
discretionary authority of the US Treasury to purchase the enterprise's
obligations (e.g., securities of the Federal National Mortgage Association,
Federal Home Loan Mortgage Corporation, and the Federal Home Loan Bank). Others
are supported only by the credit of the government sponsored enterprise itself
(e.g., the Federal Farm Credit Bank). There is no assurance that the US
government will provide financial support to government sponsored enterprises
that are not supported by the full faith and credit of the US government.

Generally, as interest rates rise, the value of the securities held by the Fund
will decline. Conversely, if interest rates decline, the value of the
securities held by the Fund will increase. This effect is usually more
pronounced for longer-term securities. Longer-term securities generally tend to
produce higher yields but are subject to greater market fluctuations as a
result of changes in interest rates than fixed-income securities with shorter
maturities.

Mortgage-backed securities in which the Fund invests may benefit less than
other fixed-income securities from declining interest rates because of the risk
of prepayment. Mortgage prepayments generally increase during a period of
declining interest rates. Prepayments increase the cash amounts available to
the Fund for investment and these amounts would have to be reinvested at lower
interest rates. In addition, prepayments on underlying mortgages result in a
loss of anticipated interest, and, therefore, the actual yield to the Fund may
be different from the quoted yield on the securities. As a result, when
interest rates are declining, mortgage-backed securities may not increase as
much as other fixed-income securities of comparable maturities, although they
may have a similar risk of decline when interest rates rise. The value and
related income of these securities is sensitive to changes in economic
conditions, including delinquencies and/or defaults. Shifts in the market's
perception of credit quality on securities backed by commercial and residential
mortgage loans and other financial assets may result in increased volatility of
market price and periods of illiquidity that can negatively impact the
valuation of certain issuers held by the Fund.

The Fund may purchase securities on a when-issued or forward commitment basis,
in which case delivery and payment take place after the date of the commitment
to purchase the securities. Because the price to be paid and the interest rate
that will be received on the securities are each fixed at the time the Fund
enters into the commitment, there is a risk that yields available in the market
when delivery takes place may be higher than the yields obtained on the
securities. This would tend to reduce the value of these securities. In
addition, the market value of these securities may fluctuate between the time
the Fund commits to purchase the securities and the time of delivery of the
securities.

Repurchase agreements in which the Fund invests could involve certain risks in
the event of the default by the seller, including possible delays and expenses
in liquidating the securities underlying the agreement, decline in the value of
the underlying securities and loss of interest.

The Fund may actively and frequently trade securities in its portfolio to carry
out its principal strategies. A high portfolio turnover rate increases
transaction costs, which may increase the Fund's expenses. Frequent and active
trading may cause adverse tax consequences for investors in the Fund due to an
increase in short-term capital gains.

An investment in the Fund is not a deposit in a bank and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other government
agency.

Website References

The website references in this Prospectus are inactive textual references and
information contained in or otherwise accessible through these websites does
not form a part of this Prospectus.

Portfolio Holdings

A description of the Series' policies and procedures with respect to the
disclosure of the Fund's portfolio securities is available in the Series'
Statement of Additional Information.

Past Performance

The performance information on the following page provides some indication of
the risks of investing in the Fund by showing how the performance of Class A
shares has varied from year to year, as well as how the performance of certain
of the Fund's Classes compares to three measures of market performance (one of
which is a blended index created by the investment manager), as further
described below.

The following performance information is designed to assist you in comparing
the returns of the Fund with the returns of other mutual funds. How the Fund
has performed in the past (before and after taxes), however, is not necessarily
an indication of how the Fund will perform in the future. Total returns will
vary between each Class of shares due to differing fees and expenses.

The Class A annual total returns presented in the bar chart on the following
page do not reflect the effect of any sales charges. If sales charges were
included, the returns would be lower. The Fund's average annual total returns
presented in the table below the chart do reflect the effect of the applicable
sales charges. Effective January 7, 2008, the maximum initial sales charge on
investments in Class A shares of less than $100,000 is 4.50%. Although for all
periods presented the Fund's Class A share returns reflect the 4.50% maximum
initial sales charge, the actual returns for periods prior to January 7, 2008
would have been lower if a 4.75% maximum initial sales charge then in effect
was incurred. Effective June 4, 2007, there is no initial sales charge on
purchases of Class C shares. Although for all periods presented in the table
the Fund's Class C share returns do not reflect an initial sales charge, the
actual returns for periods prior to June 4, 2007 would have been lower if a
1.00% maximum initial sales charge then in effect was incurred. Both the bar
chart and table assume that all dividends and capital gain distributions, if
any, were reinvested.

Effective at the close of business on May 16, 2008, the Fund will no longer
offer Class D shares. For additional information, see "Deciding Which Class of
Shares to Buy--Class C or Class D."

After-tax returns presented in the table are for Class A shares only. After-tax
returns for Class B, Class C, Class D and Class R shares will vary due to
differing fees and expenses. After-tax returns are calculated using the highest
historical individual federal marginal income tax rates and do not reflect the
impact of state and local taxes. Actual after-tax returns depend on an
investor's tax situation and may differ from those shown, and after-tax returns
shown are not relevant to investors who hold their Fund shares through
tax-deferred arrangements, such as 401(k) plans or individual retirement
accounts (IRAs). These returns after taxes on distributions and sale of Fund
shares may be greater than other returns presented for the same periods due to
tax benefits from losses realized on the sale of Fund shares.

CLASS A ANNUAL TOTAL RETURNS - CALENDAR YEARS

[CHART]

Best quarter return: 6.54% - quarter ended 9/30/02.

Worst quarter return: (2.87)% - quarter ended 6/30/04.

AVERAGE ANNUAL TOTAL RETURNS - PERIODS ENDED 12/31/07

CLASS C CLASS R
SINCE SINCE
ONE FIVE TEN INCEPTION INCEPTION
YEAR YEARS YEARS 5/27/99 4/30/03
- -------------------------------------------------------------------------------------------------------

CLASS A
- -------------------------------------------------------------------------------------------------------
Return before taxes 1.32% 1.05% 3.77% n/a n/a
- -------------------------------------------------------------------------------------------------------
Return after taxes on distributions 0.02 (0.07) 2.20 n/a n/a
- -------------------------------------------------------------------------------------------------------
Return after taxes on distributions and sale of Fund shares 0.83 0.23 2.24 n/a n/a
- -------------------------------------------------------------------------------------------------------
CLASS B 0.15 0.87 3.63/(1)/ n/a n/a
- -------------------------------------------------------------------------------------------------------
CLASS C 4.15 1.25 n/a 3.53% n/a
- -------------------------------------------------------------------------------------------------------
CLASS D 4.15 1.23 3.47 n/a n/a
- -------------------------------------------------------------------------------------------------------
CLASS R 4.63 n/a n/a n/a 1.77%
- -------------------------------------------------------------------------------------------------------
LEHMAN BROTHERS GOVERNMENT BOND INDEX* 8.66 4.10 5.92 6.02 4.06
- -------------------------------------------------------------------------------------------------------
BLENDED INDEX* 7.81 4.30 5.92 6.00 4.30
- -------------------------------------------------------------------------------------------------------
LIPPER GENERAL US GOVERNMENT FUNDS AVERAGE* 6.33 3.16 4.98 4.97 3.09
- -------------------------------------------------------------------------------------------------------

- -------------
* The Lehman Brothers Government Bond Index (the "Lehman Index"), the Lipper
General US Government Funds Average (the "Lipper Average") and the Blended
Index, are unmanaged benchmarks that assume reinvestment of dividends, if
any, and exclude the effect of fees, taxes and sales charges. The Lehman
Index and the Blended Index also exclude the effect of expenses. The Lehman
Index is a benchmark index made up of the Treasury Bond Index and the Agency
Bond Index as well as the 1-3 Year Government Index and 20+ Year Treasury
Index. The Lipper Average includes funds that invest at least 65% of their
assets in US government and government agency issues. The Blended Index is an
index created by J. & W. Seligman & Co. Incorporated, the Fund's manager
("Seligman"). The Blended Index consists of a fifty percent equal weighting
in the Lehman Index and the Lehman Brothers Fixed-Rate Mortgage Backed
Securities Index (the "Lehman MBS Index"), which covers the fixed-rate agency
mortgage-backed pass-through securities of the GNMA, Fannie Mae and Freddie
Mac. In Seligman's view, the Blended Index better represents the securities
in which the Fund expects to invest since Fund shareholders approved
amendments to the Fund's principal investment strategies in October 2005. The
Fund's holdings, however, may not be evenly weighted among the securities
covered by the Lehman Index and Lehman MBS Index, and the weighting of the
Fund's holdings may vary significantly among such securities. The Fund is
actively managed and its holdings are subject to change. Investors cannot
invest directly in an average or an index.
(1)The ten-year return for Class B shares reflects automatic conversion to
Class A shares approximately eight years after their date of purchase.

Fees and Expenses

The table below summarizes the fees and expenses that you may pay as a
shareholder of the Fund. Each Class of shares has its own sales charge schedule
and is subject to different ongoing 12b-1 fees. Shareholder fees are charged
directly to your account. Annual fund operating expenses are deducted from Fund
assets and are therefore paid indirectly by you and other shareholders of the
Fund.

SHAREHOLDER FEES (FEES PAID DIRECTLY FROM YOUR INVESTMENT) CLASS A CLASS B CLASS C CLASS D* CLASS R
- ---------------------------------------------------------------------------------------------------------------------------

Total Maximum Sales Charge (Load) 4.50% 5% 1% 1% 1%
- ---------------------------------------------------------------------------------------------------------------------------
Maximum Sales Charge (Load) on Purchases (as a % of offering price) 4.50%/(1)/ none none none none
- ---------------------------------------------------------------------------------------------------------------------------
Maximum Deferred Sales Charge (Load) (CDSC) on Redemptions (as a %
of original purchase price or current net asset value, whichever is less) none/(1)/ 5% 1% 1% 1%
- ---------------------------------------------------------------------------------------------------------------------------

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS)
- ---------------------------------------------------------------------------------------------------------------------------
(as a percentage of average net assets)
- ---------------------------------------------------------------------------------------------------------------------------
Management Fees 0.50% 0.50% 0.50% 0.50% 0.50%
- ---------------------------------------------------------------------------------------------------------------------------
Distribution and/or Service (12b-1) Fees 0.25% 1.00% 1.00% 1.00% 0.50%
- ---------------------------------------------------------------------------------------------------------------------------
Other Expenses 0.77% 0.78% 0.78% 0.78% 0.78%
- ---------------------------------------------------------------------------------------------------------------------------
Total Annual Fund Operating Expenses 1.52% 2.28% 2.28% 2.28% 1.78%
- ---------------------------------------------------------------------------------------------------------------------------

- -------------
(1)Certain investors who do not pay an initial sales charge (e.g., purchases of
$1,000,000 or more, and purchases through certain retirement plans) may be
subject to a 1% CDSC if shares are sold within 18 months of purchase.
*Effective at the close of business on May 16, 2008, Class D shares will no
longer be available. For more details, please see "Deciding Which Class of
Shares to Buy--Class C or Class D".

EXAMPLE

This example is intended to help you compare the costs of investing in the Fund
with the costs of investing in other mutual funds. It assumes (1) you invest
$10,000 in the Fund for each period and then sell all of your shares at the end
of that period, (2) your investment has a 5% return each year, and (3) the
Fund's total annual operating expenses remain the same. Although your actual
costs may be higher or lower, based on these assumptions your costs would be:

1 YEAR 3 YEARS 5 YEARS 10 YEARS
----------------------------------------------------------------------

Class A $598 $ 909 $1,242 $2,181
----------------------------------------------------------------------
Class B 731 1,012 1,420 2,425+
----------------------------------------------------------------------
Class C 331 712 1,220 2,615
----------------------------------------------------------------------
Class D 331 712 1,220 2,615
----------------------------------------------------------------------
Class R 281 560 964 2,095
----------------------------------------------------------------------

If you did not sell your shares at the end of each period, your costs
would be:
1 YEAR 3 YEARS 5 YEARS 10 YEARS
----------------------------------------------------------------------
Class A $598 $ 909 $1,242 $2,181
----------------------------------------------------------------------
Class B 231 712 1,220 2,425+
----------------------------------------------------------------------
Class C 231 712 1,220 2,615
----------------------------------------------------------------------
Class D 231 712 1,220 2,615
----------------------------------------------------------------------
Class R 181 560 964 2,095
----------------------------------------------------------------------

- -------------
+ Class B shares will automatically convert to Class A shares approximately
eight years after purchase.

MANAGEMENT FEES:
Fees paid out of Fund assets to the investment manager to compensate it for
managing the Fund.

12B-1 FEES:
Fees paid by each Class, pursuant to a plan adopted by the Fund under Rule
12b-1 of the Investment Company Act of 1940. The plan allows each Class to pay
distribution and/or service fees for the sale and distribution of its shares
and for providing services to shareholders.

OTHER EXPENSES:
Miscellaneous expenses of running the Fund, including such things as
shareholder account services, registration, custody, auditing and legal fees.

Management

The Series' Board of Trustees provides broad supervision over the affairs of
the Fund.

J. & W. Seligman & Co. Incorporated (Seligman), 100 Park Avenue, New York, New
York 10017, is the investment manager of the Fund. Seligman manages the
investment of the Fund's assets, including making purchases and sales of
portfolio securities consistent with the Fund's investment objective and
strategies, and administers the Fund's business and other affairs.

Established in 1864, Seligman currently serves as manager to 22 US registered
investment companies, which offer 59 investment portfolios with approximately
$10.1 billion in assets as of March 31, 2008. Seligman also provides investment
management or advice to institutional or other accounts having an aggregate
value at March 31, 2008 of approximately $7.8 billion.

The Fund pays Seligman a fee for its management services. For the year ended
December 31, 2007, the management fee paid by the Fund to Seligman was equal to
an annual rate of 0.50% of the Fund's average daily net assets.

A discussion regarding the basis for the Series' Board of Trustees' approval of
the continuance of the investment management agreement between the Series (on
behalf of the Fund) and Seligman is available in the Fund's Annual Report,
dated December 31, 2007.

PORTFOLIO MANAGEMENT

The Fund is managed by Seligman's Investment Grade Team. The Investment Grade
Team is headed by Mr. Francis L. Mustaro. Mr. Mustaro, a Managing Director of
Seligman, is Vice President of the Series and Portfolio Manager of the Fund. In
addition to his responsibilities in respect of the Fund, Mr. Mustaro is Vice
President and Portfolio Manager of Seligman Cash Management Fund, Inc. and
Seligman Core Fixed Income Fund, Inc. and Vice President of Seligman
Portfolios, Inc. and Portfolio Manager of its Seligman Cash Management
Portfolio and Seligman Investment Grade Fixed Income Portfolio. He is also Vice
President and Co-Portfolio Manager of Seligman Income and Growth Fund, Inc.
Mr. Mustaro Joined Seligman in April 2006. Prior to joining Seligman,
Mr. Mustaro was a Senior Portfolio Manager, Core Fixed Income Group of
Citigroup Asset Management ("CAM") since 1995, a Managing Director of CAM since
2004 and, prior thereto, a Director of CAM since 2000.

AFFILIATES OF SELIGMAN:
Seligman Advisors, Inc. ("Seligman Advisors"):
The Fund's distributor; responsible for accepting orders for purchases and
sales of Fund shares.

Seligman Services, Inc.:
A limited purpose broker/dealer; acts as the broker/dealer of record for
shareholder accounts that do not have a designated broker or financial
advisor.

Seligman Data Corp. ("SDC"):
The Fund's shareholder service agent; provides shareholder account services
to the Fund at cost.

Regulatory Matters

In late 2003, J. & W. Seligman & Co. Incorporated (Seligman) conducted an
extensive internal review concerning mutual fund trading practices. Seligman's
review, which covered the period 2001-2003, noted one arrangement that
permitted frequent trading in certain open-end registered investment companies
managed by Seligman (the "Seligman Funds"); this arrangement was in the process
of being closed down by Seligman before September 2003. Seligman identified
three other arrangements that permitted frequent trading, all of which had been
terminated by September 2002. In January 2004, Seligman, on a voluntary basis,
publicly disclosed these four arrangements to its clients and to shareholders
of the Seligman Funds. Seligman also provided information concerning mutual
fund trading practices to the Securities and Exchange Commission (the "SEC")
and the Office of the Attorney General of the State of New York ("NYAG").

In September 2005, the New York staff of the SEC indicated that it was
considering recommending to the Commissioners of the SEC the instituting of a
formal action against Seligman and Seligman Advisors relating to frequent
trading in the Seligman Funds. Seligman responded to the staff in October 2005
that it believed that any action would be both inappropriate and unnecessary,
especially in light of the fact that Seligman had previously resolved the
underlying issue with the Independent Directors of the Seligman Funds and made
recompense to the affected Seligman Funds.

In September 2006, the NYAG commenced a civil action in New York State Supreme
Court against Seligman, Seligman Advisors, SDC and Brian T. Zino (collectively,
the "Seligman Parties"), alleging, in substance, that, in addition to the four
arrangements noted above, the Seligman Parties permitted other persons to
engage in frequent trading and, as a result, the prospectus disclosure used by
the registered investment companies managed by Seligman is and has been
misleading. The NYAG included other related claims and also claimed that the
fees charged by Seligman to the Seligman Funds were excessive. The NYAG is
seeking damages of at least $80 million and restitution, disgorgement,
penalties and costs and injunctive relief. The Seligman Parties answered the
complaint in December 2006 and believe that the claims are without merit.

Any resolution of these matters may include the relief noted above or other
sanctions or changes in procedures. Any damages would be paid by Seligman and
not by the Seligman Funds. If the NYAG obtains injunctive relief, Seligman and
its affiliates could, in the absence of the SEC in its discretion granting
exemptive relief, be enjoined from providing advisory and underwriting services
to the Seligman Funds and other registered investment companies.

Seligman does not believe that the foregoing legal action or other possible
actions will have a material adverse impact on Seligman or its clients,
including the Seligman Funds and other investment companies managed by it;
however, there can be no assurance of this or that these matters and any
related publicity will not affect demand for shares of the Seligman Funds and
such other investment companies or have other adverse consequences.

Shareholder Information

Deciding Which Class of Shares to Buy

Each of the Fund's Classes represent an interest in the same portfolio of
investments. However, each Class has its own sales charge schedule, and its
ongoing 12b-1 fees may differ from other Classes. When deciding which Class of
shares to buy, you should consider, among other things:

.. The amount you plan to invest.

.. How long you intend to remain invested in the Fund, or another Seligman
mutual fund.

.. If you would prefer to pay an initial sales charge and lower ongoing 12b-1
fees, or be subject to a CDSC (i.e., a contingent deferred sales charge) and
pay higher ongoing 12b-1 fees, or in the case of employee benefit plans
eligible to purchase Class R shares, be subject to CDSC for a shorter period
of time and pay higher ongoing 12b-1 fees.

.. Whether you may be eligible for reduced or no sales charges when you buy or
sell shares.

An authorized dealer or your financial advisor will be able to help you decide
which Class of shares best meets your needs.

CLASS A
- --------------------------------------------------------------------------------

.. Initial sales charge on Fund purchases, as set forth below:

SALES CHARGE AS A % OF SALES CHARGE AS A % OF REGULAR DEALER DISCOUNT
AMOUNT OF YOUR INVESTMENT OFFERING PRICE/(1)/ NET AMOUNT INVESTED AS A % OF OFFERING PRICE
- -------------------------------------------------------------------------------------------------

Less than $100,000 4.50% 4.71% 4.00%
- -------------------------------------------------------------------------------------------------
$100,000 - $249,999 3.50 3.63 3.00
- -------------------------------------------------------------------------------------------------
$250,000 - $499,999 2.50 2.56 2.25
- -------------------------------------------------------------------------------------------------
$500,000 - $999,999 2.00 2.04 1.75
- -------------------------------------------------------------------------------------------------
$1,000,000 and over/(2)/ 0.00 0.00 0.00
- -------------------------------------------------------------------------------------------------

- -------------
(1)"Offering Price" is the amount that you actually pay for Fund shares; it
includes the initial sales charge.
(2)You will not pay an initial sales charge on purchases of $1 million or more,
but you will be subject to a 1% CDSC if you sell your shares within 18
months.

.. Annual 12b-1 fee (for shareholder services) of up to 0.25%.

.. No initial sales charge on reinvested dividends or capital gain
distributions.

Please consult your financial advisor for assistance in selecting the
appropriate class of shares.

INFORMATION REGARDING BREAKPOINT DISCOUNTS FOR CLASS A SHARES

Purchases of Class A shares by a "single person" may be eligible for the
reduced initial sales charges ("Breakpoint Discounts") that are described
above. For the purpose of the Breakpoint Discount thresholds described above,
"single persons" includes individuals and immediate family members (i.e.,
husband, wife,

and minor children), as well as designated fiduciaries, certain employee
benefit plans and certain tax-exempt organizations. For more information about
what constitutes a "single person", please consult the Series' Statement of
Additional Information. "Single persons" may be eligible for Breakpoint
Discounts under the following circumstances:

Discounts and Rights of Accumulation. Breakpoint Discounts contemplated above
are also available under a Seligman Group of Funds program referred to as
"Rights of Accumulation." Under this program, reduced sales charges will apply
if the sum of (i) the current amount being invested by a "single person" in
Class A shares of the Fund and in Class A shares of other Seligman mutual funds
(excluding Seligman Cash Management Fund), (ii) the current net asset value of
the Class A shares and Class B shares of other Seligman mutual funds already
owned by the "single person" other than Seligman Cash Management Fund (except
as provided in (iii)) and (iii) the current net asset value of Class A shares
of Seligman Cash Management Fund which were acquired by a "single person"
through an exchange of Class A shares of another Seligman mutual fund, exceeds
the Breakpoint Discount thresholds described for Class A shares above.

The value of the shares contemplated by items (ii) and (iii) above
(collectively, the "Prior Owned Shares") will be taken into account only if SDC
or the financial intermediary (if you are purchasing through a financial
intermediary) is notified that there are holdings eligible for aggregation to
meet the applicable Breakpoint Discount thresholds. If you are purchasing
shares through a financial intermediary, you should consult with your
intermediary to determine what information you will need to provide them in
order to receive the Breakpoint Discounts to which you may be entitled. This
information may include account records regarding shares eligible for
aggregation that are held at any financial intermediary, as well as a social
security or tax identification number. You may need to provide this information
each time you purchase shares. In addition, certain financial intermediaries
may prohibit you from aggregating investments in the Seligman Group of mutual
funds if those investments are held in your accounts with a different
intermediary or with SDC.

If you are dealing directly with SDC, you should provide SDC with account
information for any shares eligible for aggregation. This information includes
account records and a social security or tax identification number. You may
need to provide this information each time you purchase shares.

Letter of Intent. A letter of intent allows you to purchase Class A shares over
a 13-month period with the benefit of the Breakpoint Discounts discussed above,
based on the total amount of Class A shares of the Fund that the letter states
that you intend to purchase plus the current net asset value of the Prior Owned
Shares. Reduced sales charges may be applied to purchases made within a
13-month period starting from the date of receipt from you of a letter of
intent. In connection with such arrangement, a portion of the shares you
initially purchase will be held in escrow to provide for any sales charges that
might result if you fail to purchase the amount of shares contemplated by the
letter of intent assuming your purchases would not otherwise be eligible for
Breakpoint Discounts. These shares will be released upon completion of the
purchases contemplated by the letter of intent.

Eligible Employee Benefit Plans. Eligible employee benefit plans which have at
least $2 million in plan assets at the time of investment in the Fund may
purchase Class A shares at net asset value, but, in the event of plan
termination, will be subject to a CDSC of 1% on shares purchased within 18
months prior to plan termination.

Ascensus (formerly, BISYS) Plans. Plans that (i) own Class B shares of any
Seligman mutual fund and (ii) participate in Seligman Growth 401(k) through
Ascensus' third-party administration platform may, with

new contributions, purchase Class A shares at net asset value. Class A shares
purchased at net asset value are subject to a CDSC of 1% on shares purchased
within 18 months prior to plan termination.

CDSCs. Purchases of Class A shares of $1 million or more under any of the
programs discussed above are subject to a CDSC of 1% on redemptions made within
18 months of purchase, subject to certain limited exceptions set forth in the
Series' Statement of Additional Information.

Additional Information. For more information regarding Breakpoint Discounts,
please consult the Series' Statement of Additional Information. This
information can also be found at www.seligman.com via a hyperlink that is
designed to facilitate access to the information.

INFORMATION REGARDING SALES OF CLASS A SHARES AT NET ASSET VALUE

Class A shares of the Fund may be issued without a sales charge to present and
former directors, trustees, officers, employees (and their respective family
members) of the Fund, the other investment companies in the Seligman Group of
mutual funds, Seligman, SDC and Seligman's affiliates.

Class A shares may also be issued without an initial sales charge to the
following entities as further described in the Series' Statement of Additional
Information: certain registered unit investment trusts; separate accounts
established and maintained by certain insurance companies; registered
representatives and employees (and their spouses and minor children) of any
dealer or bank that has a sales agreement with the Fund's distributor;
financial institution trust departments; certain registered investment
advisers; accounts of certain financial institutions, authorized dealers or
investment advisors that charge account management fees; pursuant to certain
sponsored arrangements with organizations that make recommendations or permit
solicitations of its employees, members or participants; other investment
companies in the Seligman Group in connection with a deferred fee arrangement
for outside Trustees, or pursuant to a "fund of funds" arrangement; certain
"eligible employee benefit plans"; those partners and employees of outside
counsel to the Fund or its directors or trustees who regularly provide advice
and services to the Fund, to other funds managed by Seligman, or to their
directors or trustees; in connection with sales pursuant to retirement plan
alliance programs that have a written agreement with the Fund's distributor;
and to participants in certain retirement and deferred compensation plans and
trusts for which certain entities act as broker-dealer, trustee, or
recordkeeper.

For more information about those who can purchase shares of the Fund without a
sales charge, and other relevant information, please consult the Series'
Statement of Additional Information. In addition, this information can be found
at www.seligman.com via a hyperlink that is designed to facilitate access to
the information.

If you are eligible to purchase Class A shares without a sales charge, you
should inform your financial intermediary or SDC of such eligibility and be
prepared to provide proof thereof.

CLASS B
- --------------------------------------------------------------------------------

.. No initial sales charge on purchases.

.. A declining CDSC on shares sold within 6 years of purchase:

YEARS SINCE PURCHASE CDSC
-------------------------------------------

Less than 1 year 5%
-------------------------------------------
1 year or more but less than 2 years 4
-------------------------------------------
2 years or more but less than 3 years 3
-------------------------------------------
3 years or more but less than 4 years 3
-------------------------------------------
4 years or more but less than 5 years 2
-------------------------------------------
5 years or more but less than 6 years 1
-------------------------------------------
6 years or more 0
-------------------------------------------

Your purchase of Class B shares must be for less than $250,000, because if
you invest $250,000 or more, you will pay less in fees and charges if you buy
another Class of shares. Please consult your financial advisor for assistance
in selecting the appropriate class of shares

.. Annual 12b-1 fee (for distribution and shareholder services) of 1.00%.

.. Automatic conversion to Class A shares approximately eight years after
purchase, resulting in lower ongoing 12b-1 fees. If you intend to hold your
Class B shares for less than six years, you should consider purchasing Class
C or Class D shares due to the shorter CDSC typically applicable to Class C
and Class D shares. Additionally, if you are eligible to purchase Class R
shares, you should consider purchasing that Class, which has lower ongoing
fees and a typically shorter CDSC.

.. No CDSC when you sell shares purchased with reinvested dividends or capital
gain distributions.

CLASS C OR CLASS D*
- --------------------------------------------------------------------------------

Effective at the close of business (4:00 p.m. EST) on May 16, 2008, the Fund's
Class D shares will be combined with Class C shares. This will be effected by
the automatic conversion of Class D shares into Class C shares. Class D shares
will no longer be available. Purchase orders for Class D shares to be effective
on or after May 9, 2008 through May 16, 2008 may, in the Fund's discretion, be
rejected due to operational reasons relating to the combination; if you are
considering purchasing Class D shares during such period, you should consider
Class C shares instead (consult your financial advisor as necessary).

Any orders for exchange or redemption of the Fund's Class D shares to be
effective through May 16, 2008 will continue to be accepted in accordance with
this Prospectus. All orders (i.e., purchases, exchanges and redemptions) for
Class D shares to be effective after the close of business on May 16, 2008
cannot be processed because no Class D shares will be outstanding or offered.

Class D shares are identical in their terms to Class C shares (which are
described below), and the value of your investment in the Fund will not change
as a result of a Class D shareholder becoming a Class C shareholder. After
Class D shares are combined with Class C shares, former Class D shareholders of
the Fund will receive a confirmation detailing the change. The change described
above will take place automatically. Shareholders need not take any action.

.. No initial sales charge on purchases.

.. A 1% CDSC on shares sold within one year of purchase.

- -------------
*Class D shares are not available to all investors. You may purchase Class D
shares only (1) if you already own Class D shares of the Fund or another
Seligman mutual fund, (2) if your financial advisor of record maintains an
omnibus account at SDC, or (3) pursuant to a 401(k) or other retirement plan
program for which Class D shares are already available or for which the
sponsor requests Class D shares because the sales charge structure of Class D
shares is comparable to the sales charge structure of the other funds offered
under the program.

CLASS R**
- --------------------------------------------------------------------------------

.. No initial sales charge on purchases.

.. Annual 12b-1 fee (for distribution and shareholder services) of 0.50%.

.. A 1% CDSC on shares sold within one year of the plan's initial purchase of
Class R shares of the Fund.

.. No automatic conversion to Class A shares, so you will be subject to higher
ongoing 12b-1 fees indefinitely.

.. No CDSC when you sell shares purchased with reinvested dividends or capital
gain distributions.

Please consult your financial advisor for assistance in selecting the
appropriate class of shares.
- -------------
**Class R shares are not available to all investors. You may purchase Class R
shares only if you are a qualified or non-qualified employee benefit plan or
arrangement (other than a Section 403(b) plan sponsored by public educational
institutions) that provides for the purchase of Fund shares and has (1) less
than $20 million in assets (determined at the time of initial investment in
the Seligman Group of mutual funds); and (2) at least (a) $500,000 invested
in the Seligman Group of mutual funds or (b) 50 eligible employees to whom
such plan is made available. Seligman Advisors may waive the requirements
described in (2) above in connection with sales pursuant to a retirement plan
alliance program which has a written agreement with Seligman Advisors.

Seligman (as well as the Fund's distributor) may provide cash payments out of
its own resources to financial intermediaries that sell shares of the Fund or
otherwise provide services to the Fund. For more details regarding such
payments, please consult the Series' Statement of Additional Information.

The Series has adopted a plan under Rule 12b-1 of the Investment Company Act of
1940 that allows each Class of the Fund to pay 12b-1 fees for the sale and
distribution of its shares and/or for providing services to shareholders.

Because the Fund's 12b-1 fees are paid out of each Class's assets on an ongoing
basis, over time these fees will increase your investment expenses and may cost
you more than other types of charges.

The Series' Board of Trustees believes that no conflict of interest currently
exists between the Fund's Classes of shares. On an ongoing basis, the Trustees,
in the exercise of their fiduciary duties under the Investment Company Act of
1940 and applicable state law, will seek to ensure that no such conflict arises.

HOW CDSCS ARE CALCULATED

To minimize the amount of the CDSC you may pay when you sell your shares, the
Fund assumes that shares acquired through reinvested dividends and capital gain
distributions (which are not subject to a CDSC) are sold first. Shares
that have been in your account long enough so they are not subject to a CDSC
are sold next. After these shares are exhausted, shares will be sold in the
order they were purchased (earliest to latest). The amount of any CDSC that you
pay will be based on the shares' original purchase price or current net asset
value, whichever is less.

You will not pay a CDSC when you exchange shares of the Fund to buy the same
class of shares of any other Seligman mutual fund or when you exchange shares
of another Seligman mutual fund to buy the same class of shares of the Fund.
For the purpose of calculating the CDSC, when you exchange shares of the Fund
for the same class of another Seligman mutual fund, it will be assumed that you
held the shares of the other Seligman mutual fund since the date you originally
purchased the shares of the Fund. Similarly, when you exchange shares of
another Seligman mutual fund for shares of the Fund, it will be assumed that
you held the shares of the Fund since the date you originally purchased shares
of the other Seligman mutual fund.

The CDSC on Class A, Class B, Class C, Class D and Class R shares may be waived
or reduced in the following instances: on redemptions following death or
disability; in connection with certain distributions from certain retirement
plans, 403(b) plans, 401(k) plans and IRAs; in connection with shares sold to
current and retired Trustees of the Fund; in connection with shares sold to a
governmental entity which is prohibited by applicable laws from paying sales
charges and related fees; in connection with systematic withdrawals; in
connection with participation in certain 401(k) and retirement programs; on
incidental redemptions to cover administrative expenses; on redemptions of
shares initially purchased by an eligible employee benefit plan that are not in
connection with a plan-level termination; and in the case of Class A shares
purchased by certain institutional investors. The CDSC may also be waived on
any redemption of Class A shares that are purchased by an eligible employee
benefit plan that is a separate account client of Seligman at the time of
initial investment (or within the prior 30 days) in a Seligman mutual fund. For
more information, please consult the Series' Statement of Additional
Information or www.seligman.com.

Pricing of Fund Shares

When you buy or sell shares, you do so at the Class's net asset value ("NAV")
next calculated after Seligman Advisors or SDC, as the case may be, accepts
your request. However, in some cases, the Fund has authorized certain financial
intermediaries (and other persons designated by such financial intermediaries)
to receive purchase and redemption orders on behalf of the Fund. In such
instances, customer orders will be priced at the Class's NAV next calculated
after the authorized financial intermediary (or other persons designated by
such financial intermediary) receives the request. Any applicable sales charge
will be added to the purchase price for Class A shares. However, Seligman
Advisors may reject any request to purchase Fund shares under the circumstances
discussed later in this Prospectus under the captions "Important Policies That
May Affect Your Account" and "Frequent Trading of Fund Shares." Authorized
financial intermediaries or their designees are responsible for forwarding your
order in a timely manner.

NAV: Computed separately for each Class by dividing that Class's share of the
net assets of the Fund (i.e., its assets less liabilities) by the total
number of outstanding shares of the Class.

If your buy or sell order is received by an authorized financial intermediary
or its designee after the close of regular trading on the New York Stock
Exchange ("NYSE"), the order will be executed at the Class's NAV calculated as
of the close of regular trading on the next NYSE trading day, subject to any
applicable sales charge. When you sell shares, you receive the Class's per
share NAV, less any applicable CDSC.

The NAV of the Fund's shares is determined each day, Monday through Friday,
on days that the NYSE is open for trading. Because of their higher 12b-1 fees,
the NAV of Class B, Class C, Class D and Class R shares will generally be lower
than the NAV of the Class A shares of the Fund.

Securities owned by the Fund are valued at current market prices. If Seligman
concludes that the most recently reported (or closing) price of a security held
by the Fund is no longer valid or reliable, or such price is otherwise
unavailable, Seligman will value the security at its fair value as determined
in accordance with policies and procedures approved by the Series' Board of
Trustees. The value of a security held by the Fund could be so determined in
the event of, among other things, natural disasters, acts of terrorism, market
disruptions, intra-day trading halts or extreme market volatility. The
determination of fair value involves subjective judgments. As a result, using
fair value to price a security may result in a price materially different from
the prices used by other mutual funds to determine net asset value or the price
that may be realized upon the actual sale of the security.

Opening Your Account

The Fund's shares are sold through authorized dealers or financial advisors who
have sales agreements with Seligman Advisors. There are several programs under
which you may be eligible for reduced sales charges. Ask an authorized dealer
or your financial advisor if any of these programs apply to you. Class D (not
available after May 16, 2008) and Class R shares are not available to all
investors. For more information, see "Deciding Which Class of Shares to
Buy--Class C or Class D" and "--Class R."

To make your initial investment in the Fund, contact an authorized dealer or
your financial advisor or complete an account application and send it with your
check made payable to the Fund directly to SDC at the address provided on the
account application. Your check must be in US dollars and drawn on a US bank.
You may not use cash, checks made payable to cash, third party checks,
traveler's checks or credit

card convenience checks for investment. If you do not choose a Class, your
investment will automatically be made in Class A shares.

YOU MAY BUY SHARES OF THE FUND FOR ALL TYPES OF TAX-DEFERRED RETIREMENT
PLANS. CONTACT RETIREMENT PLAN SERVICES AT THE ADDRESS OR PHONE NUMBER LISTED
ON THE INSIDE BACK COVER OF THIS PROSPECTUS FOR INFORMATION AND TO RECEIVE
THE PROPER FORMS.

The required minimum initial investments are:

.. Regular (non-retirement) accounts: None (but certain Fund accounts are
subject to a $1,000 minimum Fund account balance; for details, see
"Important Policies That May Affect Your Account")

.. For accounts opened concurrently with Invest-A-Check(R):
. $100 to open if you will be making monthly investments
. $250 to open if you will be making quarterly investments

If you buy shares by check and subsequently sell the shares, SDC will not send
your proceeds until your check clears, which could take up to 15 calendar days
from the date of your purchase.

You will be sent a statement confirming your purchase and any subsequent
transactions in your account. You will also be sent quarterly and annual
statements detailing your transactions in the Fund and the other Seligman funds
you own under the same account number. Duplicate quarterly account statements
for the current year and duplicate annual statements for the most recent prior
calendar year will be sent to you free of charge. Copies of year-end statements
for prior years are available for a fee of $10 per year, per account, with a
maximum charge of $150 per account. Send your request and a check for the fee
to SDC at:

Seligman Data Corp.
P.O. Box 9759
Providence, RI 02940-9759

Share certificates representing shares of the Fund are no longer issued. Any
further purchases of shares (whether by further subscription or in connection
with the exercise of exchange privileges) will be recorded in book-entry form
only. However, if a share certificate has been previously issued to a
shareholder, the shareholder will be required to deliver the share certificate
to SDC, as shareholder servicing agent, before a request for redemption or
exchange of shares evidenced by that share certificate will be processed.

If you want to be able to buy, sell, or exchange shares by telephone, you
should elect telephone services on the account application when you open your
account. This will prevent you from having to complete a supplemental
election form (which may require a medallion signature guarantee) at a later
date.

How to Buy Additional Shares

After you have made your initial investment, there are many options available
to make additional purchases of Fund shares.

Shares may be purchased through an authorized dealer or your financial advisor,
or you may send a check directly to SDC. Please provide either an investment
slip or a note that provides your name(s), Fund name, and account number.
Unless you indicate otherwise, your investment will be made in the Class you
already own. Send investment checks to:

Seligman Data Corp.
P.O. Box 9766
Providence, RI 02940-9766

Your check must be in US dollars and be drawn on a US bank. You may not use
cash, checks made payable to cash, third party checks, traveler's checks or
credit card convenience checks for investment.

You may also use the following account services to make additional investments:

Invest-A-Check(R). You may buy Fund shares electronically from a savings or
checking account of an Automated Clearing House ("ACH") member bank. If your
bank is not a member of ACH, the Fund will debit your checking account by
preauthorized checks. For accounts opened concurrently with Invest-A-Check(R),
you must buy Fund shares at regular monthly intervals in fixed amounts of $100
or more, or regular quarterly intervals in fixed amounts of $250 or more. If
you use Invest-A-Check(R), you must continue to make automatic investments
until the Fund's minimum account balance of $1,000 is met or your account may
be closed. For accounts opened with $1,000 or more, Invest-A-Check(R)
investments may be made for any amount.

Automatic Dollar-Cost-Averaging. If you have at least $5,000 in Seligman Cash
Management Fund, you may exchange uncertificated shares of that fund to
buy shares of the same class of another Seligman mutual fund at regular monthly
intervals in fixed amounts of $100 or more, or regular quarterly intervals in
fixed amounts of $250 or more. If you exchange Class A shares, you may pay an
initial sales charge to buy Fund shares.

Automatic CD Transfer. You may instruct your bank to invest the proceeds of a
maturing bank certificate of deposit (CD) in shares of the Fund. If you wish to
use this service, contact SDC, an authorized dealer or your financial advisor
to obtain the necessary forms. Because your bank may charge you a penalty, it
is not normally advisable to withdraw CD assets before maturity.

Dividends From Other Investments. You may have your dividends from other
companies invested in the Fund. (Dividend checks must include your name,
account number, Fund name and class of shares.)

Direct Deposit. You may buy Fund shares electronically with funds from your
employer, the IRS, or any other institution that provides direct deposit. Call
SDC for more information.

How to Exchange Shares Among the Seligman Mutual Funds

You may sell this Fund's shares to buy shares of the same Class of another
Seligman mutual fund, or you may sell shares of another Seligman mutual fund to
buy this Fund's shares. Exchanges will be made at each fund's respective NAV.
You will not pay an initial sales charge when you exchange, unless you exchange
Class A shares of Seligman Cash Management Fund to buy shares of the same Class
of the Fund or another Seligman mutual fund. If you are exchanging shares
subject to CDSC, for purposes of determining CDSC holding periods, such shares
will be exchanged pro rata based on the different times of purchase.

Only your dividend and capital gain distribution options and telephone services
will be automatically carried over to any new fund. If you wish to carry over
any other account options (for example, Invest-A-Check(R) or Systematic
Withdrawals) to the new fund, you must specifically request so at the time of
your exchange.

See "The Seligman Mutual Funds" for a list of the funds available for exchange.
Before making an exchange, contact an authorized dealer, your financial advisor
or SDC to obtain the applicable fund prospectus(es). You should read and
understand a fund's prospectus before investing. Some funds may not offer all
Classes of shares.

How to Sell Shares

The easiest way to sell Fund shares is by phone. If you have telephone
services, you may be able to use this service to sell Fund shares. Restrictions
apply to certain types of accounts. Please see "Important Policies That May
Affect Your Account."

When you sell Fund shares by phone, a check for the proceeds is sent to your
address of record. If you have current ACH bank information on file, you may
have the proceeds of the sale of your Fund shares directly deposited into your
bank

account (typically, within 2 business days after your shares are sold).

You may sell shares to the Fund through an authorized dealer or your financial
advisor. The Fund does not charge any fees or expenses, other than any
applicable CDSC, for this transaction; however, the authorized dealer or
financial advisor may charge a service fee. Contact an authorized dealer or
your financial advisor for more information.

You may always send a written request to sell Fund shares; however, it may take
longer to get your money.

To protect you and the Fund, if your written redemption request is for $25,000
or more, SDC will seek telephone confirmation from you, an authorized dealer or
your financial advisor before sending any money. If the proceeds are:
(1) $50,000 or more; (2) to be paid to someone other than the account owner;
(3) to be mailed to other than your address of record; (4) requested in
connection with an address change; or (5) requested within 30 days of an
address change on the account, then before sending any money, the Fund will
require:

.. A signed, written redemption request;
.. Telephone confirmation; and
.. A medallion signature guarantee.

Telephone confirmations will not affect the date on which your redemption
request is actually processed, but may delay the payment of proceeds.

If your Fund shares are represented by certificates, you will need to surrender
the certificates to SDC before you sell your shares.

You may need to provide additional documents to sell Fund shares if you are:

.. a corporation;
.. an executor or administrator;
.. a trustee or custodian; or
.. in a retirement plan.

MEDALLION SIGNATURE GUARANTEE:

Protects you and each Seligman mutual fund from fraud. It is an assurance
that the signature is genuine. A Medallion Signature Guarantee from The New
York Stock Exchange, Inc. Medallion Signature Guarantee Program, The
Securities Transfer Agents Medallion Program or The Stock Exchanges Medallion
Program are acceptable. These guarantees are the leading signature guarantee
programs recognized by most major financial services associations throughout
the United States and Canada, and are endorsed by the Securities Transfer
Association. Non-medallion signature guarantees or notarization by a notary
public are not acceptable forms of signature guarantees.

Contact an authorized dealer, your financial advisor or SDC's Shareholder
Services Department for information on selling your shares under any of the
above circumstances.

You may also use the following account services to sell Fund shares:

Systematic Withdrawal Plan. If you have at least $5,000 in the Fund, you may
withdraw (sell) a fixed dollar amount (minimum of $50) of uncertificated shares
at regular intervals. A check will be sent to you at your address of record or,
if you have current ACH bank information on file, you may have your payments
directly deposited to your predesignated bank account, typically within 2
business days after your shares are sold. If you bought $1,000,000 or more of
Class A shares without an initial sales charge, your withdrawals may be subject
to a 1% CDSC if they occur within 18 months of purchase. If you own Class B,
Class C, Class D or Class R shares and reinvest your dividends and capital gain
distributions, you may annually withdraw 12%, 10%, 10% or 10%, respectively,
of the value of your account (at the time of election) without a CDSC.

Check Redemption Service. If you have at least $25,000 in the Fund, you may ask
SDC to provide checks which may be drawn against your account. You can elect
this service on your initial application, or contact SDC for the appropriate
forms to establish this service. If you own Class A shares that were bought at
NAV because of the size of your purchase, or if you own Class B, C or D shares,
check redemptions may be subject to a CDSC.

Important Policies That May Affect Your Account

To protect you and other shareholders, the Fund reserves the right to:

.. Refuse an exchange request if the amount you wish to exchange equals or
exceeds the lesser of $1,000,000 or 1% of the Fund's net assets;

.. Refuse any request to buy Fund shares;

.. Reject any request received by telephone;

.. Suspend or terminate telephone services;

.. Reject a medallion signature guarantee that SDC believes may be fraudulent;

.. Close your Fund account if its value is below $1,000, provided, however,
that this policy does not apply to direct accounts held at SDC that are
retirement accounts (i.e., IRAs), unclaimed property accounts and Fund
shareholder accounts in the process of automatic conversion from the Fund's
Class B shares to Class A shares that aggregate to more than $1,000. The
Fund will notify you in writing at least 30 days before closing your Fund
account and anticipates permitting shareholders owning Fund shares directly
with SDC a period of one year to reach the $1,000 Fund minimum balance. If
you hold your shares through a financial intermediary, you should contact
that financial intermediary for their policies relating to minimum
investment requirements (which could be different from the Fund's
requirements);

.. Close your account if it does not have a certified taxpayer identification
number (this is your social security number for individuals); and

.. Request additional information or close your account to the extent required
or permitted by applicable law or regulations, including those relating to
the prevention of money laundering.

Telephone Services
You, an authorized dealer or your financial advisor will be able to place the
following requests by telephone, unless you indicate on your account
application that you do not want telephone services:

.. Sell uncertificated shares (up to $50,000 per day, payable to account
owner(s) and mailed to the address of record or if you have current ACH bank
information on file, you may have your redemption proceeds directly
deposited to your bank account);

.. Exchange shares between Seligman mutual funds;

.. Change dividend and/or capital gain distribution options;

.. Change your address; and

.. Establish systematic withdrawals to address of record.

If you do not elect telephone services on your account application when you
open your account, or opened your account through an authorized dealer or your
financial advisor, telephone services must be elected on a supplemental
election form (which may require a medallion signature guarantee).

Restrictions apply to certain types of accounts:

.. Trust accounts on which the current trustee is not listed may not sell Fund
shares by phone;

.. Corporations may not sell Fund shares by phone;

.. IRAs may only exchange Fund shares or request address changes by phone; and

.. Group retirement plans may not sell Fund shares by phone; plans that allow
participants to exchange by phone must provide a letter of authorization
signed by the plan custodian or trustee and provide a supplemental election
form signed by all plan participants.

Unless you have current ACH bank information on file, you will not be able to
sell Fund shares by phone within 30 days following an address change.

Your telephone request must be communicated to an SDC representative. You may
not request any phone transactions via the automated access line.

You may cancel telephone services at any time by sending a written request to
SDC. Each account owner, by accepting or adding telephone services, authorizes
each of the other owners to make requests by phone. An authorized dealer or
your financial advisor may not establish telephone services without your
written authorization. SDC will send written confirmation to the address
of record when telephone services are added or terminated.

During times of heavy call volume, you may not be able to get through to SDC by
phone to request a sale or exchange of Fund shares. In this case, you may need
to send written instructions, and it may take longer for your request to
be processed. The Fund's NAV may fluctuate during this time.

The Fund and SDC will not be liable for processing requests received by phone
as long as it was reasonable to believe that the request was genuine. The Fund
and SDC will employ reasonable procedures to confirm whether instructions
received by telephone are genuine, and, if they do not, they may be liable for
any losses due to unauthorized or fraudulent instructions.

Reinstatement Privilege
If you sell Fund shares, you may elect, within 120 calendar days, to use part
or all of the proceeds to buy shares of the Fund or another Seligman mutual
fund (reinstate your investment) without paying an initial sales charge or, if
you paid a CDSC when you sold your shares, receiving a credit for the
applicable CDSC paid. This privilege may be exercised only once each calendar
year. Contact an authorized dealer or your financial advisor for more
information. You should consult your tax advisor concerning possible tax
consequences of exercising this privilege.

Frequent Trading of Fund Shares

As a matter of policy, the Fund discourages frequent trading of Fund shares. In
this regard, the Series' Board of Trustees has adopted written policies and
procedures that, subject to the limitations set forth below, are designed to
deter frequent trading that may be disruptive to the management of the Fund's
portfolio. If the Fund, Seligman Advisors (the Fund's distributor) or SDC (the
Fund's shareholder service agent) (referred to collectively below as the
"Seligman Entities") determine that you have exchanged more than twice to and
from the Fund in any three-month period, you will not be permitted to engage in
further exchange activity in the Fund for 90 days. The Seligman Entities may
under certain circumstances also refuse initial or additional purchases of Fund
shares by any person for any reason, including if that person is believed to be
engaging, or suspected of engaging, in trading of fund shares in excess of the
guidelines noted above (excluding purchases via a direct deposit through an
automatic payroll deduction program or purchases by the funds of Seligman Asset
Allocation Series, Inc. in the ordinary course of implementing their asset
allocation strategies). In addition, the Seligman Entities may under certain
circumstances refuse to accept exchange requests for accounts of any person
that has had a previous pattern (even if involving a different fund in the
Seligman Group) of trading in excess of the guidelines noted above.
Furthermore, if you purchase shares of the Fund through a financial
intermediary, your ability to purchase or exchange shares of the Fund could be
limited if your account is

associated with a person (e.g., broker or financial advisor) previously
identified by the Seligman Entities as engaging in trading activity in excess
of the guidelines noted above. The Fund's policies do not permit exceptions to
be granted, and the policies are, to the extent possible, applied uniformly to
all accounts where beneficial ownership has been ascertained.

Shareholders and their financial intermediaries seeking to engage in excessive
trading practices may deploy a variety of strategies to avoid detection, and,
despite the efforts of the Seligman Entities to prevent excessive trading,
there is no guarantee that the Seligman Entities will be able to identify such
shareholders or curtail their trading practices. The ability of the Seligman
Entities to detect and curtail excessive trading practices may also be limited
by operational systems and technological limitations and hindered by financial
intermediaries purposefully or unwittingly facilitating these practices. In
addition, the Fund receives purchase, exchange and redemption orders through
financial intermediaries, some of whom hold shares through omnibus accounts,
and the Seligman Entities will not, under most circumstances, know of or be
able to reasonably detect excessive trading which may occur through these
financial intermediaries. Omnibus account arrangements and their equivalents
(e.g., bank trust accounts and retirement plans) are a common form of holding
shares of funds by many brokers, banks and retirement plan administrators.
These arrangements often permit the financial intermediary to aggregate many
client transactions and ownership positions and provide the Fund with combined
purchase and redemption orders. In these circumstances, the Seligman Entities
may not know the identity of particular shareholders or beneficial owners or
whether particular purchase or sale orders were placed by the same shareholder
or beneficial owner. A substantial percentage of shares of the Fund may be held
through omnibus accounts and their equivalents.

To the extent that the efforts of the Seligman Entities are unable to eliminate
excessive trading practices in the Fund, these practices may interfere with the
efficient management of the Fund's portfolio, hinder the Fund's ability to
pursue its investment objective and may reduce the returns of long-term
shareholders. Additionally, these practices may result in the Fund engaging in
certain activities to a greater extent than it otherwise would, such as
maintaining higher cash balances, using its line of credit to a greater extent
and engaging in additional portfolio transactions. Increased portfolio
transactions and use of the line of credit could correspondingly increase the
Fund's operating costs and decrease the Fund's investment performance.
Maintenance of a higher level of cash balances necessary to meet frequent
redemptions could likewise result in lower Fund investment performance during
periods of rising markets.

Dividends and Capital Gain Distributions

The Fund generally pays any dividends from its net investment income monthly
and distributes any net capital gains realized on investments annually. The
Fund has a substantial capital loss carryforward that is available for offset
against future net capital gains, expiring in various amounts through 2014.
Accordingly, no capital gains distributions are expected to be paid to
shareholders until net capital gains have been realized in excess of the
available capital loss carryforward.

You may elect to:

(1)reinvest both dividends and capital gain distributions;

(2)receive dividends in cash and reinvest capital gain distributions; or

(3)receive both dividends and capital gain distributions in cash.

Your dividends and capital gain distributions, if any, will be reinvested if
you do not instruct

otherwise or if you own Fund shares in a Seligman tax-deferred retirement plan.

If you want to change your election, you may send written instructions to SDC
at P.O. Box 9759, Providence, RI 02940-9759, or, if you have telephone
services, you, an authorized dealer or your financial advisor may call SDC.
Your request must be received by SDC before the record date to be effective for
that dividend or capital gain distribution.

Dividends or capital gain distributions that are not reinvested will be sent by
check to your address of record or, if you have current ACH bank information on
file, directly deposited into your predesignated bank account, typically within
2 business days from the payable date.

Dividends and capital gain distributions are reinvested to buy additional Fund
shares on the payable date using the NAV of the payable date.

Dividends, if any, on Class B, Class C, Class D and Class R shares will be
lower than the dividends on Class A shares as a result of their higher 12b-1
fees. Capital gain distributions will be paid in the same amount for each Class.

DIVIDEND:
A payment by a mutual fund, usually derived from the fund's net investment
income (dividends and interest earned on portfolio securities less expenses).

CAPITAL GAIN DISTRIBUTION:
A payment to mutual fund shareholders which represents profits realized on
the sale of securities in a fund's portfolio.

EX-DIVIDEND DATE:
The day on which any declared distributions (dividends or capital gains) are
deducted from a fund's assets before it calculates its NAV.

Taxes

The tax treatment of dividends and capital gain distributions is the same
whether you take them in cash or reinvest them to buy additional Fund shares.
Dividends paid by the Fund, other than "qualified dividend income," are
generally taxable to you as ordinary income. Tax-deferred retirement plans are
not taxed currently on dividends or capital gain distributions or on gains
resulting from the sale or exchange of Fund shares.

You may be taxed at different rates on capital gains distributed by the Fund
depending on the length of time the Fund holds its assets.

When you sell Fund shares, any gain or loss you realize will generally be
treated as a long-term capital gain or loss if you held your shares for more
than one year, or as a short-term capital gain or loss if you held your shares
for one year or less. However, if you sell Fund shares on which a long-term
capital gain distribution has been received and you held the shares for six
months or less, any loss you realize will be treated as a long-term capital
loss to the extent that it offsets the long-term capital gain distribution.

An exchange of Fund shares is a sale and may result in a gain or loss for
federal income tax purposes.

Each January, you will be sent information on the tax status of any
distributions made during the previous calendar year. Because each
shareholder's situation is unique, you should always consult your tax advisor
concerning the effect income taxes may have on your individual investment.

For further information, please see the Series' Statement of Additional
Information under the section entitled "Taxation of each Fund."

The Seligman Mutual Funds

EQUITY
- --------------------------------------------------------------------------------

SPECIALTY
- --------------------------------------------------------------------------------

Seligman Communications and Information Fund
Seeks capital appreciation by investing in companies operating in the
communications, information and related industries.

Seligman Emerging Markets Fund
Seeks long-term capital appreciation by investing primarily in equity
securities of companies in emerging markets.

Seligman Global Technology Fund
Seeks long-term capital appreciation by investing primarily in global
securities (US and non-US) of companies in the technology and
technology-related industries.

SMALL COMPANY
- --------------------------------------------------------------------------------

Seligman Frontier Fund
Seeks growth of capital by investing primarily in small company growth stocks.

Seligman Global Smaller Companies Fund
Seeks long-term capital appreciation by investing in securities of smaller
companies around the world, including the US.

Seligman Smaller-Cap Value Fund
Seeks long-term capital appreciation by investing in common stocks of smaller
companies, deemed to be "value" companies by the investment manager.

MEDIUM COMPANY
- --------------------------------------------------------------------------------

Seligman Capital Fund
Seeks capital appreciation by investing in the common stocks of medium-sized
companies.

LARGE COMPANY
- --------------------------------------------------------------------------------

Seligman Common Stock Fund
Seeks total return through a combination of capital appreciation and current
income.

Seligman Global Growth Fund
Seeks capital appreciation by investing primarily in equity securities of
companies that have the potential to benefit from global economic or social
trends.

Seligman Growth Fund
Seeks long-term capital appreciation.

Seligman International Growth Fund
Seeks long-term capital appreciation by generally investing in securities of
large- and mid-capitalization growth companies in the international markets.

Seligman Large-Cap Value Fund
Seeks long-term capital appreciation by investing in common stocks of large
companies, deemed to be "value" companies by the investment manager.

BALANCED
- --------------------------------------------------------------------------------

Seligman Income and Growth Fund
Seeks total return through a combination of capital appreciation and income
consistent with what is believed to be a prudent allocation between equity and
fixed-income securities.

REAL ESTATE SECURITIES
- --------------------------------------------------------------------------------

Seligman LaSalle Global Real Estate Fund
Seeks total return through a combination of current income and long-term
capital appreciation by investing in equity and equity-related securities
issued by global real estate companies, such as US real estate investment
trusts (REITs) and similar entities outside the US.

Seligman LaSalle Monthly Dividend Real Estate Fund
Seeks to produce a high level of current income with capital appreciation as a
secondary objective by investing in equity and equity-related securities issued
by real estate companies, such as real estate investment trusts (REITs).

FIXED-INCOME
- --------------------------------------------------------------------------------

INCOME
- --------------------------------------------------------------------------------

Seligman High-Yield Fund
Seeks a high level of current income and may also consider the potential for
capital appreciation consistent with prudent investment management. The Fund
invests primarily in non-investment grade, high-yield securities.

Seligman Core Fixed Income Fund
Seeks to produce a high level of current income consistent with prudent
exposure to risk. Capital appreciation is a secondary objective. The Fund
invests a significant portion of its assets in investment grade fixed-income
securities.

Seligman U.S. Government Securities Fund
Seeks a high level of current income consistent with prudent investment risk by
investing in a diversified portfolio of securities issued or guaranteed by the
US government, its agencies or instrumentalities, or government sponsored
enterprises.

MUNICIPAL
- --------------------------------------------------------------------------------

Seligman Municipal Funds:

National Fund
Seeks maximum income, exempt from regular federal income taxes.

State-specific funds:*
Seek to maximize income exempt from regular federal income taxes and from
regular income taxes in the designated state.

California Louisiana New Jersey
.. High-Yield Maryland New York
.. Quality Massachusetts North Carolina
Colorado Michigan Ohio
Florida Minnesota Oregon
Georgia Missouri Pennsylvania
South Carolina

* A small portion of income may be subject to state and local taxes.

MONEY MARKET
- --------------------------------------------------------------------------------

Seligman Cash Management Fund
Seeks to preserve capital and to maximize liquidity and current income by
investing only in high-quality money market securities. The fund seeks to
maintain a constant net asset value of $1.00 per share.

ASSET ALLOCATION
- --------------------------------------------------------------------------------
SELIGMAN ASSET ALLOCATION SERIES. INC.
offers four different asset-allocation funds that pursue their investment
objectives by allocating their assets among other mutual funds in the Seligman
Group.

Seligman Asset Allocation Aggressive Growth Fund
Seeks long-term capital appreciation by creating a portfolio of mutual funds
that invests in aggressive growth-oriented domestic and international equity
securities weighted toward small- and medium-capitalization companies.

Seligman Asset Allocation Growth Fund
Seeks long-term capital appreciation by creating a portfolio of mutual funds
that invests in growth-oriented domestic and international equity securities,
with a more even weighting among small-, medium- and large-capitalization
companies than Seligman Asset Allocation Aggressive Growth Fund.

Seligman Asset Allocation Moderate Growth Fund
Seeks capital appreciation by creating a portfolio of mutual funds that invests
in small-, medium- and large-capitalization domestic and international

equity securities as well as real estate securities and domestic fixed-income
securities.

Seligman Asset Allocation Balanced Fund
Seeks capital appreciation and preservation of capital with current income and
growth of income by creating a portfolio of mutual funds that invests in
medium- and large-capitalization and dividend producing domestic and
international equity securities supplemented by a larger allocation to real
estate securities as well as domestic fixed-income securities, cash and cash
equivalents than Seligman Asset Allocation Moderate Growth Fund.

SELIGMAN TARGETHorizon ETF PORTFOLIOS, INC.
offers five asset-allocation mutual funds that seek to achieve their respective
investment objectives by allocating their assets among exchange-traded funds
(ETFs).

Seligman TargETFund 2045
Seeks capital appreciation until migration, and thereafter capital appreciation
consistent with a strategy of steadily decreasing emphasis on capital
appreciation and steadily increasing emphasis on capital preservation and
current income as the year 2045 approaches.

Seligman TargETFund 2035
Seeks capital appreciation until migration, and thereafter capital appreciation
consistent with a strategy of steadily decreasing emphasis on capital
appreciation and steadily increasing emphasis on capital preservation and
current income as 2035 approaches.

Seligman TargETFund 2025
Seeks capital appreciation consistent with a strategy of steadily decreasing
emphasis on capital appreciation and steadily increasing emphasis on capital
preservation and current income as the year 2025 approaches.

Seligman TargETFund 2015
Seeks capital appreciation and current income consistent with a strategy of
steadily decreasing emphasis on capital appreciation and steadily increasing
emphasis on capital preservation and current income as the year 2015 approaches.

Seligman TargETFund Core
Seeks capital appreciation and preservation of capital with current income.

Financial Highlights

The tables below are intended to help you understand the financial performance
of certain of the Fund's Classes for the periods presented. Certain information
reflects financial results for a single share of a Class that was held
throughout the periods shown. Per share amounts are calculated using average
shares outstanding during the period. "Total return" shows the rate that you
would have earned (or lost) on an investment in each Class, assuming you
reinvested all your dividends and capital gain distributions, if any. Total
returns do not reflect any sales charges or transaction costs on your
investment or taxes. If such charges, costs or taxes were included, total
returns would have been lower. Deloitte & Touche LLP, Independent Registered
Public Accounting Firm, has audited this information. Their report, along with
the Fund's financial statements, is included in the Fund's Annual Report, which
is available upon request.

CLASS A
- ---------------------------------------------------------------------------------------------------
YEAR ENDED DECEMBER 31,
----------------------------------------
2007 2006 2005 2004 2003
- ---------------------------------------------------------------------------------------------------

PER SHARE DATA:
- ---------------------------------------------------------------------------------------------------
Net asset value, beginning of year $ 6.80 $ 6.89 $ 7.10 $ 7.23 $ 7.39
- ---------------------------------------------------------------------------------------------------
Income (loss) from investment operations:
Net investment income 0.26 0.24 0.20 0.19 0.18
- ---------------------------------------------------------------------------------------------------
Net realized and unrealized gain (loss) on investments 0.15 (0.09) (0.20) (0.11) (0.14)
- ---------------------------------------------------------------------------------------------------
Total from investment operations 0.41 0.15 -- 0.08 0.04
- ---------------------------------------------------------------------------------------------------
Less distributions:
Dividends from net investment income (0.26) (0.24) (0.20) (0.19) (0.18)
- ---------------------------------------------------------------------------------------------------
Dividends in excess of net investment income -- -- (0.01) (0.02) (0.02)
- ---------------------------------------------------------------------------------------------------
Total distributions (0.26) (0.24) (0.21) (0.21) (0.20)
- ---------------------------------------------------------------------------------------------------
Net asset value, end of year $ 6.95 $ 6.80 $ 6.89 $ 7.10 $ 7.23
- ---------------------------------------------------------------------------------------------------
TOTAL RETURN 6.10% 2.33% --% 1.09% 0.55%
- ---------------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
- ---------------------------------------------------------------------------------------------------
Net assets, end of year (000s omitted) $36,335 $40,676 $44,402 $47,553 $59,660
- ---------------------------------------------------------------------------------------------------
Ratio of expenses to average net assets 1.52% 1.42% 1.50% 1.31% 1.27%
- ---------------------------------------------------------------------------------------------------
Ratio of net investment income to average net assets 3.80% 3.55% 2.90% 2.66% 2.38%
- ---------------------------------------------------------------------------------------------------
Portfolio turnover rate 204.04% 347.09% 286.60% 133.02% 250.49%
- ---------------------------------------------------------------------------------------------------

CLASS B
- --------------------------------------------------------------------------------------------------
YEAR ENDED DECEMBER 31,
---------------------------------------
2007 2006 2005 2004 2003
- --------------------------------------------------------------------------------------------------

PER SHARE DATA:
- --------------------------------------------------------------------------------------------------
Net asset value, beginning of year $ 6.82 $ 6.90 $ 7.12 $ 7.25 $ 7.40
- --------------------------------------------------------------------------------------------------
Income (loss) from investment operations:
Net investment income 0.21 0.19 0.15 0.14 0.12
- --------------------------------------------------------------------------------------------------
Net realized and unrealized gain (loss) on investments 0.14 (0.08) (0.21) (0.11) (0.13)
- --------------------------------------------------------------------------------------------------
Total from investment operations 0.35 0.11 (0.06) 0.03 (0.01)
- --------------------------------------------------------------------------------------------------
Less distributions:
Dividends from net investment income (0.21) (0.19) (0.15) (0.14) (0.12)
- --------------------------------------------------------------------------------------------------
Dividends in excess of net investment income -- -- (0.01) (0.02) (0.02)
- --------------------------------------------------------------------------------------------------
Total distributions (0.21) (0.19) (0.16) (0.16) (0.14)
- --------------------------------------------------------------------------------------------------
Net asset value, end of year $ 6.96 $ 6.82 $ 6.90 $ 7.12 $ 7.25
- --------------------------------------------------------------------------------------------------
TOTAL RETURN 5.15% 1.73% (0.88)% 0.34% (0.08)%
- --------------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
- --------------------------------------------------------------------------------------------------
Net assets, end of year (000s omitted) $4,713 $7,619 $13,986 $24,045 $40,659
- --------------------------------------------------------------------------------------------------
Ratio of expenses to average net assets 2.28% 2.17% 2.26% 2.06% 2.03%
- --------------------------------------------------------------------------------------------------
Ratio of net investment income to average net assets 3.04% 2.80% 2.14% 1.91% 1.62%
- --------------------------------------------------------------------------------------------------
Portfolio turnover rate 204.04% 347.09% 286.60% 133.02% 250.49%
- --------------------------------------------------------------------------------------------------

CLASS C
- --------------------------------------------------------------------------------------------------
YEAR ENDED DECEMBER 31,
---------------------------------------
2007 2006 2005 2004 2003
- --------------------------------------------------------------------------------------------------

PER SHARE DATA:
- --------------------------------------------------------------------------------------------------
Net asset value, beginning of year $ 6.82 $ 6.90 $ 7.11 $ 7.25 $ 7.40
- --------------------------------------------------------------------------------------------------
Income (loss) from investment operations:
Net investment income 0.21 0.19 0.15 0.14 0.12
- --------------------------------------------------------------------------------------------------
Net realized and unrealized gain (loss) on investments 0.14 (0.08) (0.20) (0.12) (0.13)
- --------------------------------------------------------------------------------------------------
Total from investment operations 0.35 0.11 (0.05) 0.02 (0.01)
- --------------------------------------------------------------------------------------------------
Less distributions:
Dividends from net investment income (0.21) (0.19) (0.15) (0.14) (0.12)
- --------------------------------------------------------------------------------------------------
Dividends in excess of net investment income -- -- (0.01) (0.02) (0.02)
- --------------------------------------------------------------------------------------------------
Total distributions (0.21) (0.19) (0.16) (0.16) (0.14)
- --------------------------------------------------------------------------------------------------
Net asset value, end of year $ 6.96 $ 6.82 $ 6.90 $ 7.11 $ 7.25
- --------------------------------------------------------------------------------------------------
TOTAL RETURN 5.15% 1.84% (0.74)% 0.20% (0.08)%
- --------------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
- --------------------------------------------------------------------------------------------------
Net assets, end of year (000s omitted) $3,906 $4,185 $6,016 $9,764 $18,739
- --------------------------------------------------------------------------------------------------
Ratio of expenses to average net assets 2.28% 2.17% 2.26% 2.06% 2.03%
- --------------------------------------------------------------------------------------------------
Ratio of net investment income to average net assets 3.04% 2.80% 2.14% 1.91% 1.62%
- --------------------------------------------------------------------------------------------------
Portfolio turnover rate 204.04% 347.09% 286.60% 133.02% 250.49%
- --------------------------------------------------------------------------------------------------

CLASS D
- --------------------------------------------------------------------------------------------------
YEAR ENDED DECEMBER 31,
---------------------------------------
2007 2006 2005 2004 2003
- --------------------------------------------------------------------------------------------------

PER SHARE DATA:
- --------------------------------------------------------------------------------------------------
Net asset value, beginning of year $ 6.82 $ 6.90 $ 7.11 $ 7.24 $ 7.40
- --------------------------------------------------------------------------------------------------
Income (loss) from investment operations:
Net investment income 0.21 0.19 0.15 0.14 0.12
- --------------------------------------------------------------------------------------------------
Net realized and unrealized gain (loss) on investments 0.14 (0.08) (0.20) (0.11) (0.14)
- --------------------------------------------------------------------------------------------------
Total from investment operations 0.35 0.11 (0.05) 0.03 (0.02)
- --------------------------------------------------------------------------------------------------
Less distributions:
Dividends from net investment income (0.21) (0.19) (0.15) (0.14) (0.12)
- --------------------------------------------------------------------------------------------------
Dividends in excess of net investment income -- -- (0.01) (0.02) (0.02)
- --------------------------------------------------------------------------------------------------
Total distributions (0.21) (0.19) (0.16) (0.16) (0.14)
- --------------------------------------------------------------------------------------------------
Net asset value, end of year $ 6.96 $ 6.82 $ 6.90 $ 7.11 $ 7.24
- --------------------------------------------------------------------------------------------------
TOTAL RETURN 5.15% 1.70% (0.74)% 0.34% (0.22)%
- --------------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
- --------------------------------------------------------------------------------------------------
Net assets, end of year (000s omitted) $10,660 $10,091 $10,992 $11,556 $14,789
- --------------------------------------------------------------------------------------------------
Ratio of expenses to average net assets 2.28% 2.17% 2.26% 2.06% 2.03%
- --------------------------------------------------------------------------------------------------
Ratio of net investment income to average net assets 3.04% 2.80% 2.14% 1.91% 1.62%
- --------------------------------------------------------------------------------------------------
Portfolio turnover rate 204.04% 347.09% 286.60% 133.02% 250.49%
- --------------------------------------------------------------------------------------------------

CLASS R
- -----------------------------------------------------------------------------------------------------
4/30/03*
YEAR ENDED DECEMBER 31, TO
------------------------------- 12/31/03
2007 2006 2005 2004 ---------
- -------------------------------------------------------------------------------------------

PER SHARE DATA:
- -----------------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 6.81 $ 6.89 $ 7.10 $ 7.23 $ 7.36
- -----------------------------------------------------------------------------------------------------
Income (loss) from investment operations:
Net investment income 0.24 0.22 0.18 0.17 0.10
- -----------------------------------------------------------------------------------------------------
Net realized and unrealized gain (loss) on investments 0.14 (0.08) (0.20) (0.11) (0.10)
- -----------------------------------------------------------------------------------------------------
Total from investment operations 0.38 0.14 (0.02) 0.06 --
- -----------------------------------------------------------------------------------------------------
Less distributions:
Dividends from net investment income (0.24) (0.22) (0.18) (0.17) (0.10)
- -----------------------------------------------------------------------------------------------------
Dividends in excess of net investment income -- -- (0.01) (0.02) (0.03)
- -----------------------------------------------------------------------------------------------------
Total distributions (0.24) (0.22) (0.19) (0.19) (0.13)
- -----------------------------------------------------------------------------------------------------
Net asset value, end of period $ 6.95 $ 6.81 $ 6.89 $ 7.10 $ 7.23
- -----------------------------------------------------------------------------------------------------
TOTAL RETURN 5.63% 2.21% (0.25)% 0.82% (0.05)%
- -----------------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
- -----------------------------------------------------------------------------------------------------
Net assets, end of period (000s omitted) $1,905 $1,002 $671 $440 $2
- -----------------------------------------------------------------------------------------------------
Ratio of expenses to average net assets 1.78% 1.67% 1.76% 1.56% 1.57%+
- -----------------------------------------------------------------------------------------------------
Ratio of net investment income to average net assets 3.54% 3.30% 2.64% 2.41% 2.01%+
- -----------------------------------------------------------------------------------------------------
Portfolio turnover rate 204.04% 347.09% 286.60% 133.02% 250.49%++
- -----------------------------------------------------------------------------------------------------

- -------------
* Commencement of offering of shares.
+ Annualized.
++ Computed at the Fund level for the year ended December 31, 2003.

How to Contact Us

The Fund

Write to Corporate Communications/Investor Relations Department
J. & W. Seligman & Co. Incorporated
100 Park Avenue
New York, NY 10017

Phone Toll-free in the US (800) 221-7844
Outside the US (212) 850-1864

Your Regular (Non-Retirement) Account

Write to Shareholder Service Agent/Seligman Group of Funds
Seligman Data Corp.

For investments P.O. Box 9766
into an account Providence, RI 02940-9766

For non-investment P.O. Box 9759
inquiries Providence, RI 02940-9759

For matters requiring 101 Sabin St.
overnight delivery Pawtucket, RI 02860

Phone Toll-free in the US (800) 221-2450
Outside the US (212) 682-7600

Your Retirement Account

Write to Retirement Plan Services
Seligman Data Corp.
100 Park Avenue
New York, NY 10017

Phone Toll-free (800) 445-1777

24-hour automated telephone access is available by calling (800) 622-4597 on
a touchtone telephone.
You will have instant access to price, yield, account balance, most recent
transaction, and other information.

SELIGMAN ADVISORS, INC.
an affiliate of
[LOGO] J&WS
J. & W. SELIGMAN & CO.
INCORPORATED

ESTABLISHED 1864
100 Park Avenue, New York, NY 10017

For More Information

The following information is available, without charge, upon request by calling
toll-free (800) 221-2450 in the US or (212) 682-7600 outside the US. You may
also call these numbers to request other information about the Fund or to make
shareholder inquiries.

The Statement of Additional Information ("SAI") contains additional information
about the Fund. It is on file with the Securities and Exchange Commission, or
SEC, and is incorporated by reference into (is legally part of) this Prospectus.

Annual/Semi-Annual Reports contain additional information about the Fund's
investments. In the Fund's annual report, you will find a discussion of the
market conditions and investment strategies that significantly affected the
Fund's performance during its last fiscal year. The Fund's SAI and most recent
Annual/Semi-Annual Reports are also available, free of charge, at
www.seligman.com.

Information about the Fund, including the Prospectus and SAI, can be viewed and
copied at the SEC's Public Reference Room in Washington, DC. For information
about the operation of the Public Reference Room, call (202) 551-8090. The
Prospectus, SAI, Annual/Semi-Annual reports and other information about the
Fund are also available on the EDGAR Database on the SEC's Internet site:
www.sec.gov.

Copies of this information may be obtained, upon payment of a duplicating fee,
by electronic request at the following E-mail address: publicinfo@sec.gov, or
by writing: Securities and Exchange Commission, Public Reference Section,
Washington, DC 20549-0102.

The website references in this Prospectus are inactive textual references and
information contained in or otherwise accessible through these websites does
not form a part of this Prospectus.

SEC File Number: 811-4103

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