Seligman Capital Fund
FUND OBJECTIVE AND STRATEGY:
Seeks capital appreciation by investing primarily in the common stocks of US mid-capitalization growth companies.
PORTFOLIO MANAGEMENT
Portfolio Manager:
Erik J. Voss, CFA

Erik J. Voss, CFA
Managing Director of J. & W. Seligman & Co. Incorporated

Head of the Seligman Growth Team

Joined Seligman: 2006
Industry Experience: 19 years

Mr. Voss serves as Portfolio Manager for the following:

Education:

BS (Mathematics) - The University of Wisconsin
MS (Finance) - The University of Wisconsin

Professional Designations and Affiliations:
Chartered Financial Analyst (CFA)


Investment Team:
Seligman Growth Team



FUND STATISTICS
As of March 31, 2008

Inception October 9, 1969
Total Net Assets $385 million
Number of Holdings 72




TOP 10 HOLDINGS1
As of March 31, 2008
Gemstar-TV Guide International
4.9%
McDermott International
4.8
SAVVIS
3.7
Marvell Technology Group
3.4
Research In Motion
3.0
Microsemi
2.7
Life Time Fitness
2.6
Kohl's
2.5
Wynn Resorts
2.5
Equinix
2.4
Total
32.5%
TOP 10 INDUSTRY WEIGHTINGS2
As of March 31, 2008
Outside Top 10
46.2%
Semiconductors and Semiconductor Equipment
8.0%
Internet Software and Services
6.6%
Hotels, Restaurants and Leisure
6.0%
Oil, Gas and Consumable Fuels
5.8%
Media
5.7%
Energy Equipment and Services
5.5%
Industrial Conglomerates
4.8%
Communications Equipment
4.1%
Health Care Providers and Services
3.7%
Software
3.6%



AVERAGE ANNUAL TOTAL RETURNS
As of March 31, 2008

  1 Year
%
3 Year
%
5 Year
%
10 Year
%
CLASS A without sales charges (5.11) 5.93 12.42 5.44
CLASS A with sales charges (10.59) 3.86 11.10 4.81
 



GROWTH of $10,000
(Class A Without Sales Charges: 3/31/88 - 3/31/08)


The chart does not reflect the performance of Class B, C, or R shares, which would differ due to different sales charges, fees and expenses. See Important Performance Information.


CALENDAR YEAR TOTAL RETURNS
As of March 31, 2008

Class A Without Sales Charges

Performance does not reflect the effect of sales charges. If such charges were included, performance would be lower. The graph does not reflect the performance of Class B, C, or R shares, which would differ due to different sales charges, fees and expenses. Return figures reflect any change in price per share, and assume the reinvestment of dividends and capital gains, if any. See Important Performance Information.


Annual Fund Operating Expenses
(Expenses that are deducted from Fund assets)

(As of percent of Net Assets) Class A
Shares
Class B/C
Shares
Class R
Shares
Total Annual Operating Expenses 1.49% 2.24% 1.74%
 



NOT FDIC INSURED. NOT BANK GUARANTEED. MAY LOSE VALUE