Seligman Common Stock Fund
FUND OBJECTIVE:

Seeks total return through a combination of capital appreciation and current income.

PORTFOLIO MANAGEMENT
Portfolio Manager:
John B. Cunningham, CFA

John B. Cunningham, CFA
Managing Director
Chief Investment Officer

Co-Head of The Seligman Core/Growth Investment Team

Joined Seligman: 2004
Industry Experience: 20 years

Mr. Cunningham serves as Portfolio Manager for the following:

He is a member of the Management Committee, chair of the Investment Policy Committee, and Head of the Portfolio Construction and the Proxy Voting Committees.

Education:

BA (English) - University of Virginia
MBA - Dartmouth College

Professional Designations and Affiliations:
Chartered Financial Analyst (CFA)
CFA institute (Formerly AIMR)
New York Society of Security Analysts (NYSSA)


Investment Team:
Seligman Core Investment Team



FUND STATISTICS
As of June 30, 2008

Inception January 1, 1930
Total Net Assets $171 million
Number of Holdings 139




TOP 10 HOLDINGS1
As of June 30, 2008
ExxonMobil
3.5%
Marvell Technology Group
2.5
Comverse Technology
2.1
Microsoft
2.1
Chevron
2.0
AT&T
1.8
ConocoPhillips
1.6
Philip Morris International
1.6
General Electric
1.6
Wyeth
1.6
Total
20.4%
TOP 10 INDUSTRY WEIGHTINGS 2
As of June 30, 2008
Outside Top 10
46.1%
Oil, Gas and Consumable Fuels
11.6%
Pharmaceuticals
8.7%
Software
6.0%
Communications Equipment
5.1%
Semiconductors and Semiconductor Equipment
4.9%
Energy Equipment and Services
4.5%
Diversified Telecommunication Services
3.5%
Tobacco
3.2%
Internet Software and Services
3.2%
Diversified Financial Services
3.2%



FUND CHARACTERISTICS
As of June 30, 2008
P/E
17x
Trailing 3 Year EPS Growth
27%
Weighted Average Market Capitalization*
$76,608
Source: FactSet. *In millions.

P/E Ratio is the weighted average of the price of each stock in the Fund’s portfolio at June 30, 2008 divided by its after-tax earnings per share over the trailing 12-month period ended on such date, excluding any companies with after-tax losses.

Trailing 3 Year EPS Growth is the weighted average of the change in the earnings per share over the previous 12 quarters of the companies in the Fund’s portfolio at June 30, 2008.

Weighted Average Market Capitalization represents the market capitalizations of companies held in the portfolio.




AVERAGE ANNUAL TOTAL RETURNS
As of June 30, 2008

  1 Year
%
3 Year
%
5 Year
%
10 Year
%
CLASS A without sales charges (21.51) 0.56 4.90 (1.31)
CLASS A with sales charges (26.03) (1.41) 3.66 (1.89)
 



GROWTH of $10,000
(Class A Without Sales Charges: 6/30/88 - 6/30/08)


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 ANNUAL TOTAL RETURNS
As of June 30, 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 1.33% 2.08% 1.58%
 



NOT FDIC INSURED . NOT BANK GUARANTEED . MAY LOSE VALUE