Seligman Global Technology Fund
FUND OBJECTIVE AND STRATEGY:

Seeks long-term capital appreciation by investing primarily in equity securities of US and non-US companies with business operations in technology and technology-related industries.

PORTFOLIO MANAGEMENT
Portfolio Manager:
Richard M. Parower, CFA

Richard M. Parower, CFA
Managing Director

Joined Seligman: 2000
Industry Experience: 16 years

Mr. Parower serves as Portfolio Manager for the following:

Education:

BA (Economics) – Washington University
MBA (Finance, International Business) – Columbia University

Professional Designations and Affiliations:
Chartered Financial Analyst (CFA)


Investment Team:
Seligman Technology Group



FUND STATISTICS
As of March 31, 2008

Inception May 23, 1994
Total Net Assets $345 million
Number of Holdings 77




TOP 10 HOLDINGS1
As of March 31, 2008
McAfee (United States)
5.6%
Synopsys (United States)
5.1
Amdocs (United States)
4.8
BMC Software (United States)
4.7
Check Point Software Technologies (Israel)
4.5
Marvell Technology Group (United States)
4.3
QUALCOMM (United States)
4.2
Yahoo! (United States)
4.1
Oracle (United States)
3.2
Cisco Systems (United States)
2.8
Total
43.3%
REGIONAL WEIGHTINGS
As of March 31, 2008
US/Global2
31.9%
Asia (Emerging)
13.3%
Europe (EMU)
5.8%
Canada
1.4%
Europe, Middle East and Africa (Emerging)
5.2%
Japan
1.7%
Asia (Developed)
0.7%
Europe (Other)
1.2%
US
38.3%
Latin America (Emerging)
0.5%
Regional weightings are shown as a percentage of portfolio holdings.



TOP 10 INDUSTRY WEIGHTINGS
As of March 31, 2008
Internet Software and Services
17.1%
Systems Software
16.0
Communications Equipment
11.7
Application Software
10.9
Semiconductors
9.8
IT Consulting and Other Services
9.8
Computer Hardware
6.3
Computer Storage and Peripherals
5.3
Semiconductor Equipment
2.0
Consumer Electronics
1.6
Industry weightings are shown as a percentage of net assets.
FUND CHARACTERISTICS
As of March 31, 2008
P/E
22x
Trailing 3 Year EPS Growth
41%
Weighted Median Market Capitalization*
$6,270
Source: FactSet
P/E Ratio is the weighted average of the price of each stock in the Fund's portfolio at March 31, 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 March 31, 2008.

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



AVERAGE ANNUAL TOTAL RETURNS
As of March 31, 2008

  1 Year
%
3 Year
%
5 Year
%
10 Year
%
CLASS A without sales charges (2.61) 10.83 13.56 4.66
CLASS A with sales charges (8.23) 8.66 12.22 4.04
 



GROWTH OF $10,000
(Class A Without Sales Charges: 5/23/94 (Inception) - 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 below.


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 below.




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 1.75% 2.50% 2.00%
 



SUBADVISOR
Prior to June 30, 2000, Seligman employed subadvisors that were responsible for providing certain portfolio management services with respect to the investments of the Fund. From June 30, 2000 until September 15, 2003, the assets of the Fund were managed exclusively by J. & W. Seligman and Co. Incorporated. Beginning September 15, 2003, Wellington Management Company, LLP has acted as subadvisor to provide portfolio management services for the Fund.
NOT FDIC INSURED . NOT BANK GUARANTEED . MAY LOSE VALUE