• SPECIALTY
• SMALL COMPANY
• MEDIUM COMPANY
• LARGE COMPANY
• BALANCED
• REAL ESTATE SECURITIES
• INCOME
• MUNICIPAL INCOME
• MONEY MARKET
• ASSET ALLOCATION
• Seligman Asset Allocation Aggressive Growth Fund
• Seligman Asset Allocation Growth Fund
• Seligman Asset Allocation Moderate Growth Fund
• Seligman Asset Allocation Balanced Fund
• Seligman TargETFund Core^SM
• Seligman TargETFund 2015^SM
• Seligman TargETFund 2025^SM
• Seligman TargETFund 2035^SM
• Seligman TargETFund 2045^SM
• VARIABLE ANNUITY
• CLOSED END
• NON-US FUNDS

Investor Guide Fact Sheet Prospectus Shareholder Report Statement of Additional Information

Past performance is no guarantee or indication of future results. The rate of return will vary and the principal value of an investment will fluctuate. Shares, if redeemed, may be worth more or less than their original cost. Performance does not reflect the effect of sales charges, fees, or taxes. If such charges were included, performance would be lower. Return figures reflect any change in price per share, and assume the reinvestment of dividends and capital gain distributions, if any.

From April 1, 2005 through April 30, 2009, Seligman has contractually undertaken to waive its management fee and/or to reimburse the Fund’s expenses to the extent that the sum of the “management fee” plus “other expenses” (but not including any 12b-1 fees or Underlying Fund fees and expenses) exceeds 0.25% per annum of the Fund’s average daily net assets. From May 1, 2009 through December 31, 2010, Seligman has contractually undertaken to waive its management fee and/or reimburse the Fund’s expenses to the extent that the sum of the “management fee” plus “other expenses” (but not including any 12b-1 fees or Underlying Fund fees and expenses) exceeds 0.75% per annum of the Fund’s average daily net assets. Other waiver/reimbursement arrangements were in effect since inception of the Fund. Absent these reimbursements and fee waivers, the Fund’s returns would have been lower.

IMPORTANT PERFORMANCE INFORMATION
Performance data quoted herein represents past performance. Past performance does not guarantee or indicate future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted. Total returns of the Fund as of the most recent month-end will be made available at Current Fund Returns by the seventh business day following that month-end.

Return figures reflect any change in price per share, and assume the reinvestment of dividends and capital gain distributions, if any. Average annual total return figures for Class A shares are calculated without and with the effect of the initial maximum sales charge. The average annual total returns (with sales charges) for all periods presented for Class A shares reflects the maximum initial sales charge of 5.75% that went into effect January 7, 2008. Effective June 4, 2007, there is no initial sales charge on purchases of Class C shares. The chart and tables do not reflect the performance of Class B or C shares, which would differ due to different sales charges, fees and expenses. Return information on Class B or C shares are available here.

A WORD ABOUT RISK

The stocks of mid-capitalization companies may be subject to above-average market-price fluctuations. A portfolio with fewer holdings may be subject to greater volatility than a portfolio with a greater number of holdings. The products of technology companies may be subject to severe competition and rapid obsolescence, and technology stocks may be subject to greater price fluctuation, government regulation, and limited liquidity as compared to other investments. There are specific risks associated with global investing, such as currency fluctuations, foreign taxation, differences in financial reporting practices, and rapid changes in political and economic conditions. Investments in real estate securities may be subject to specific risks, such as risks to general and local economic conditions, and risks related to individual properties. Seligman U.S. Government Securities Fund may invest in securities that are not guaranteed by the U.S. Government. These securities may have increased credit risk, including, but not limited to, the risk of non-payment of principal or interest. Fixed income securities are subject to interest rate risk, credit risk, prepayment risk, and market risk. High-yield securities are subject to a greater risk of loss of principal and interest than higher-rated, investment grade fixed income securities.

To the extent that the Fund has a substantial percentage of its assets exposed to an industry through its investment in the Underlying Seligman Funds, the Fund’s performance may be negatively affected if that industry falls out of favor.

Diversification does not assure a profit or protect against loss in a declining market.

There is no guarantee that the Fund’s investment goals/objectives will be met, and you could lose money.

A WORD ABOUT THE UNDERLYING FUNDS

Underlying Fund Allocations shown above are the Fund’s actual allocations (shown as a percentage of the Fund’s portfolio) as of June 30, 2008. Such allocations may or may not represent the target allocations contained in the prospectus, and are subject to change. Actual allocations have historically varied and will vary in the future.

The Fund may change its target allocations for each Underlying Seligman Fund at any time if Seligman believes that doing so will better enable the Fund to pursue its investment objective. The Fund may also change the Underlying Seligman Funds to which it will allocate its assets depending on Seligman’s outlook on the economy, financial markets in general, and factors related to the asset classes in which each Underlying Seligman Fund invests.

Investments by the Fund in the Underlying Seligman Funds involve risk, including the risk of loss of principal. An investor in the Fund will indirectly bear the operating expenses of the Underlying Seligman Funds in which the Fund invests. Thus, the expenses borne by the investor will be higher than if he or she invested directly in the Underlying Seligman Funds, and the returns may therefore be lower.

Seligman is waiving all or part of its investment management fee and/or reimbursing Fund expenses for Seligman Core Fixed Income Fund, Seligman LaSalle Monthly Dividend Real Estate Fund and Seligman International Growth Fund. In addition, from time to time, Seligman has made payments to, or reimbursed expenses or waived investment management fees of, other Seligman Mutual Funds. Seligman may implement or discontinue voluntary expense reimbursements of fee waivers at any time. Absent such reimbursements, payments, or waivers, returns would have been lower.

On July 7, 2008, Ameriprise Financial, Inc. (“Ameriprise”) announced an agreement to acquire J. & W. Seligman & Co. Incorporated (“Seligman”), the Fund’s manager, in a transaction that is likely to close in the fourth quarter of 2008. Consummation of Ameriprise’s acquisition of Seligman will result in a change of control of Seligman and an assignment and automatic termination of the Fund’s management agreement with Seligman. At a meeting on July 29, 2008, the Fund's Board approved new advisory and administration agreements between the Fund and subsidiaries of Ameriprise. The new advisory agreement will be presented to the shareholders of the Fund for their approval.

Seligman Asset Allocation Balanced Fund
(Formerly Seligman Harvester Fund)

FUND OBJECTIVE AND STRATEGY:
Seeks capital appreciation and preservation of capital with current income and growth of income by allocating its assets among select Seligman Mutual Funds (Underlying Seligman Funds) that invest in medium- and large-capitalization and dividend-producing domestic and international equity securities supplemented by an allocation to real estate securities, domestic fixed-income securities, and cash and cash equivalents.

Intended for investors who seek current income from their capital, growth of income and growth of capital over time. The Fund is also intended for those seeking a diversified, balanced portfolio with exposure to equity and fixed-income securities.

PORTFOLIO MANAGEMENT

Portfolio Manager:
Charles W. Kadlec

Charles W. Kadlec

Managing Director of J. & W. Seligman & Co Incorporated

President, Seligman Advisors, Inc. and Seligman Services, Inc.

Joined Seligman: 1985
Industry Experience: 30 Years

Mr. Kadlec serves as Portfolio Manager for the following:

• Seligman Asset Allocation Series
• Seligman Asset Allocation Balanced Fund
• Seligman Target Horizon ETF Portfolios (Co-Portfolio Manager)

Education:

BA (Political Science and English) - University of Illinois
MBA (International Finance and Economics) - University of Chicago

AVERAGE ANNUAL TOTAL RETURNS
As of June 30, 2008

		1 Year %	3 Year %	5 Year %	Since Inception* %
	CLASS A without sales charges	(7.28)	4.74	7.19	0.50
	CLASS A with sales charges	(12.58)	2.67	5.94	(0.21)
*Inception 10/1/00.

GROWTH of $10,000
(Class A Without Sales Charges: 1/10/00 (Inception) - 6/30/08)

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

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

	(As of percent of Net Assets)	Class A Shares	Class B/C Shares
	Total Gross Operating Expenses1	2.19%	2.94%
	Less: Contractual Fee Waiver/Expense Reimbursement2	0.46	0.46
	Net Operating Expenses(after Fee Waiver/Expense Reimbursement)1	1.73	2.48
1Includes 1.48% for Underlying Fund fees and expenses. 2From April 1, 2005 through April 30, 2009, Seligman has contractually undertaken to waive its management fee and/or to reimburse the Fund’s expenses to the extent that the sum of the “management fee” plus “other expenses” (but not including any 12b-1 fees or Underlying Fund fees and expenses) exceeds 0.25% per annum of the Fund’s average daily net assets. From May 1, 2009 through December 31, 2010, Seligman has contractually undertaken to waive its management fee and/or reimburse the Fund’s expenses to the extent that the sum of the “management fee” plus “other expenses” (but not including any 12b-1 fees or Underlying Fund fees and expenses) exceeds 0.75% per annum of the Fund’s average daily net assets. Other waiver/reimbursement arrangements were in effect since inception of the Fund. Absent these reimbursements and fee waivers, the Fund’s returns would have been lower.

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NOT FDIC INSURED . NOT BANK GUARANTEED . MAY LOSE VALUE