Exhibit 99.1

FOR IMMEDIATE RELEASE

MEDIA CONTACT:              STOCKHOLDER CONTACT:

Mary Ann Susco              Marco Acosta
212-850-1382                800-597-6068 (Option #1)
suscom@jwseligman.com       acostam@jwseligman

           TRI-CONTINENTAL CORPORATION (NYSE:TY) DIRECTORS RE-ELECTED

NEW YORK, November 21, 2006 - Tri-Continental Corporation (NYSE: TY) today
announced the final results of the September 28, 2006 Special Meeting of
Stockholders. (and its October 4, 2006 adjournment solely in respect of the
proposal to amend Tri-Continental's charter).

The Inspector of Elections reports that the three incumbent Directors nominated
for re-election by Tri-Continental's Board were re-elected with an average of
approximately 42% of the vote. An alternate slate of directors proposed by a
dissident group of stockholders received an average of approximately 28% of the
vote.

In addition, on a proposal to amend Tri-Continental's charter to reduce the
quorum requirements for future stockholder meetings, the results were
approximately 42% in favor and approximately 30% opposed. While the majority of
votes cast were in favor of the amendment, the proposal did not achieve the
required majority of all votes entitled to be cast.

Tri-Continental Corporation is one of the nation's largest, diversified,
publicly traded closed-end equity investment companies, and has paid dividends
for 62 consecutive years. The Fund is managed by J. & W. Seligman & Co.
Incorporated (JWS), a New York-based investment manager and advisor, which was
founded in 1864.

You should consider the investment objectives, risks, charges, and expenses of
the Corporation carefully before investing. A prospectus containing information
about the Corporation (including its investment objectives, risks, charges,
expenses, and other information about the Corporation) may be obtained by
contacting your financial advisor or Seligman Services, Inc. at 800-597-6068.
The prospectus should be read carefully before investing in the Corporation.

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