Seligman Growth Fund
FUND OBJECTIVE AND STRATEGY:
Seeks long-term capital appreciation by investing primarily in the common stock of large US companies, selected for their growth prospects.
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 April 1, 1937
Total Net Assets $397 million
Number of Holdings 68




TOP 10 HOLDINGS1
As of March 31, 2008
Gemstar-TV Guide International
4.0%
Research In Motion
3.8
Marvell Technology Group
3.0
Oracle
3.0
CVS/Caremark
3.0
Monsanto
3.0
Potash Corp. of Saskatchewan
2.9
Apple
2.6
Transocean
2.5
Weatherford International
2.5
Total
30.3%
TOP 10 INDUSTRY WEIGHTINGS2
As of March 31, 2008
Outside Top 10
36.5%
Energy Equipment and Services
8.5%
Communications Equipment
8.4%
Software
7.5%
Chemicals
6.9%
Pharmaceuticals
6.7%
Computers and Peripherals
5.9%
Biotechnology
5.4%
Semiconductors and Semiconductor Equipment
5.2%
Aerospace and Defense
4.7%
Multiline Retail
4.3%



FUND CHARACTERISTICS
As of March 31, 2008
P/E
22x
Trailing 3 Year EPS Growth
41%
Weighted Average Market Capitalization*
$59,011
Source: Factset. *In millions.
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 Average 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 3.79 7.72 10.84 0.84
Class A with sales charges (2.11) 5.59 9.53 0.25
 



GROWTH of $10,000
(Class A Without Sales Charges: 12/31/87 - 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 1.35% 2.11% 1.61%
 



ABOUT SELIGMAN
J. & W. Seligman & Co. Incorporated offers clients the experience that comes from being a consistent, reliable presence on Wall Street for more than 140 years, the insight of veteran portfolio managers who’ve invested and learned through multiple market cycles, and the forward-looking investment solutions designed to help clients meet their goals.
NOT FDIC INSURED . NOT BANK GUARANTEED . MAY LOSE VALUE