Seligman Large-Cap Value Fund
FUND OBJECTIVE AND STRATEGY:

Seeks long-term capital appreciation by investing in the common stocks of “value” companies with large market capitalizations ($4 billion or more) at the time of purchase by the Fund.

PORTFOLIO MANAGEMENT
Portfolio Managers:
Neil T. Eigen

Neil T. Eigen
Managing Director

Head of the Seligman Value Team

Joined Seligman: 1997
Industry Experience: 40 years

Mr. Eigen serves as Co-Portfolio Manager for the following:

Education:

BS (Investments and Investment Analysis) - New York University


Richard S. Rosen

Richard S. Rosen
Managing Director

Member of Seligman Value Team

Joined Seligman: 1997
Industry Experience: 27 years

Mr. Rosen serves as Co-Porfolio Manager for the following:

Education:

BA (Economics) - Brandeis University
MBA (Finance) - New York University

Professional Designations and Affiliations:
New York Society of Security Analysts (NYSSA)
Financial Analysts Federation


Investment Team:
Seligman Value Team



FUND STATISTICS
As of June 30, 2008

Inception April 25, 1997
Total Net Assets $228 million
Number of Holdings 36




TOP 10 HOLDINGS1
As of June 30, 2008
Unum Group
4.7%
Williams Companies
3.5
AES
3.2
Humana
3.2
Chevron
3.2
Dynegy (Class A)
3.1
Baxter International
3.0
Amdocs
3.0
Union Pacific
3.0
Marathon Oil
3.0
Total
32.9%
TOP 10 INDUSTRY WEIGHTINGS2
As of June 30, 2008
Outside Top 10
31.6%
Oil, Gas and Consumable Fuels
12.6%
Insurance
10.9%
Independent Power Producers and Energy Traders
7.0%
Road and Rail
6.3%
Health Care Equipment and Supplies
6.2%
Aerospace and Defense
5.5%
Chemicals
5.3%
Capital Markets
5.0%
Specialty Retail
4.9%
Diversified Financial Services
4.7%



FUND CHARACTERISTICS
As of June 30, 2008
P/E
15x
Trailing 3 Year EPS Growth
23%
Weighted Average Market Capitalization*
$39,421
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 (13.10) 5.38 11.10 3.85
CLASS A with sales charges (18.09) 3.32 9.79 3.24
 



GROWTH of $10,000
(Class A Without Sales Charges: 4/25/97 (Inception) - 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

* Since inception.

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 1.51% 2.26% 1.76%
 



NOT FDIC INSURED . NOT BANK GUARANTEED . MAY LOSE VALUE