Seligman High-Yield Fund Fact Sheet

Current Fund Returns

SELIGMAN'S STYLE ANALYSIS

This style analysis is the opinion of Seligman only and has not been provided by any third party.

FUND MATERIALS

Investor Guide

Fact Sheet

Prospectus

Statement of Additional Information

Shareholder Report

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.

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 reflect the maximum initial sales charge of 4.50% that went into effect January 7, 2008. Although the Fund's Class A share returns reflect the 4.50% maximum initial sales charge, the actual returns for periods prior to January 7, 2008 would have been lower if a 4.75% maximum initial sales charge then in effect was incurred. 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, C, or R shares, which would differ due to different sales charges, fees and expenses. Return information on Class B, C, and R shares are available here.

A WORD ABOUT RISK

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.

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

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.

FOOTNOTES
1 † Deferred-interest debentures.

Top 10 holdings exclude short-term instruments, and are shown as a percentage of total net assets. The Fund is actively managed and holdings are subject to change. There can be no assurance that the securities listed above have remained or will remain in the Fund’s portfolio. Holdings should not be construed as a recommendation to buy or sell any security, an indication that any security is suitable for a particular investor or that any of the securities listed were or will be profitable. Click the link for additional Portfolio holdings information.

2 Industry weightings are shown as a percent of net assets. “Outside Top 10” includes short-term instruments, cash, and other assets less liabilities.

Seligman High-Yield Fund

FUND OBJECTIVE AND STRATEGY:
Seeks a high level of current income and may also consider the potential for capital appreciation consistent with prudent investment management.

PORTFOLIO MANAGEMENT

Portfolio Manager:
J. Eric Misenheimer, CPA, CFA

Co-Portfolio Managers:
Paul A. Langlois, CFA

Henry Rose

Investment Team:
Seligman High-Yield Team

FUND STATISTICS
As of June 30, 2008
Inception March 11, 1985
Total Net Assets $221 million
Duration* 4.2 years
Number of Holdings 217

^*Duration is the average amount of time that it takes to receive the interest and principal of a bond or portfolio of bonds. The duration formula is based on a formula that calculates the weighted average of the cash flows (interest and principal payments) of the bond, discounted to present time.

TOP 10 HOLDINGS¹
As of June 30, 2008

AES 9.375%, 9/15/2010

2.2%

CDX HY 10 TR 8.875, 6/29/2013

2.1

Reddy Ice Holdings 0% (10.5%†), 11/1/2012

1.5

Service Corporation 7%, 6/15/2017

1.5

Ford Motor 7.45%, 7/16/2031

1.4

Ikon Office Solutions 7.75%, 9/15/2015

1.3

Chesapeake Energy 7.625%, 7/15/2013

1.3

Georgia-Pacific 8.875%, 5/15/2031

1.3

Mandalay Resort Group 9.375%, 2/15/2010

1.3

Felcor Lodging 9%, 6/1/2011

1.2

Total

15.1%

TOP 10 INDUSTRY WEIGHTINGS²
As of June 30, 2008

Outside Top 10

61.3%

Technology

5.8%

Oil, Gas and Consumable Fuels

5.0%

Food and Beverage

4.5%

Services

4.1%

Utilities

3.6%

Metals and Mining

3.5%

Energy

3.2%

Electric

3.1%

Automobilies

3.0%

Publishing

2.9%

QUALITY COMPOSITON
As of June 30, 2008

Moody's Ratings

Baa

1.3%

24.8

49.3

Caa

21.0

Nonrated

3.6

Quality Composition is shown as a percentage of net assets. Excludes equities and short term holdings.

AVERAGE ANNUAL TOTAL RETURNS
As of June 30, 2008


	1 Year %	3 Year %	5 Year %	10 Year %

CLASS A without sales charges	(5.69)	2.51	4.77	(0.28)

CLASS A with sales charges	(9.95)	0.95	3.81	(0.74)

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 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	1.43%	2.09%	1.59%

NOT FDIC INSURED . NOT BANK GUARANTEED . MAY LOSE VALUE

This information is authorized for use only in the case of concurrent or prior delivery of the offering prospectus of the Fund. You should consider the investment objectives, risks, charges, and expenses of a Fund carefully before investing. A prospectus containing information about a Fund (including its investment objectives, risks, charges, expenses, and other information about the Fund) may be obtained here. The prospectus should be read carefully before investing in a Fund.

The Seligman Funds are managed by J. & W. Seligman & Co. Incorporated (Seligman). The Seligman Mutual Funds are distributed by Seligman Advisors, Inc. Seligman Services, Inc. provides client services to Fund shareholders. Seligman Advisors, Inc. and Seligman Services, Inc. are wholly-owned subsidiaries of Seligman.

Distributed by Seligman Advisors, Inc.