Seligman LaSalle Global Real Estate Fund

FUND MATERIALS

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 the price per share, and assume the reinvestment of all 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 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 C or R shares, which would differ due to different sales charges, fees and expenses. Return information on Class C and R shares is available at www.seligman.com.

A WORD ABOUT RISK
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. Investing in one economic sector, such as real estate, may result in greater price fluctuations than owning a portfolio of diversified investments.

Smaller company stocks may experience larger price fluctuations than large-company stocks or other types of investments. The Fund is a “non-diversified” mutual fund and thus may hold fewer securities than other funds. A decline in the value of those investments would cause the Fund’s overall value to decline to a greater degree than if the Fund held a more diversified portfolio.

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. Because of the special risks involved with investing in securities of emerging market companies, investing in such companies should be considered speculative and not appropriate for individuals who require safety of principal or stable income from their investments.

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 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, as well as the sub-advisory agreement relating to the Fund. At a meeting on July 29, 2008, the Fund's Board approved new advisory and administration agreements between the Fund and subsidiaries of Ameriprise, and a new sub-advisory agreement for the Fund. If approved by the Fund’s Board, the new advisory and sub-advisory agreements will be presented to the shareholders of the Fund for their approval.

FOOTNOTES
1 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 Regional weightings are shown as a percentage of net assets. “Other” includes short-term instruments, cash and other assets less liabilities.

Seligman LaSalle Global Real Estate Fund

FUND OBJECTIVE AND STRATEGY:
Total return through a combination of long-term capital appreciation and current income by investing in global real estate securities. The Fund may invest in any country, including the United States, and will have substantial investments in foreign securities.

PORTFOLIO MANAGEMENT

Portfolio Managers:
George J. Noon, CFA

Ernst Jan de Leeuw

Stanley J. Kraska, Jr.

Keith R. Pauley, CFA

Investment Team:
LaSalle Investment Management (Securities), L.P. and LaSalle Investment Management Securities BV

FUND STATISTICS
As of June 30, 2008
Inception December 29, 2006
Total Net Assets $27 million
Number of Holdings 90

TOP 10 HOLDINGS¹
As of June 30, 2008

Westfield Group

5.7%

Unibail - Rodamco

4.6

ProLogis

3.9

Simon Properties Group

3.8

Vornado Realty Trust

3.5

Land Securities Group

3.0

AvalonBay Communities

2.9

GPT Group

2.7

Goodman Group

2.6

General Growth Properties

2.3

Total

35.0%

REGIONAL WEIGHTINGS²
As of June 30, 2008

U.S.

45.1%

Continental Europe

13.3%

U.K.

10.1%

Australia

14.9%

Pacific

6.3%

Japan

5.4%

Canada

3.5%

Other

1.4%

TOP INDUSTRY WEIGHTINGS
As of June 30, 2008

Retail

28.8%

Diversified

24.6

Office

22.1

Residential

10.4

Industrial

9.5

Hotels

3.2

Industry weightings are shown as percentage of net assets.

TOTAL RETURNS
As of June 30, 2008


		1 Year %	Since Inception*

	Class A without sales charges	(21.56)	(18.69)

	Class A with sales charges	(26.03)	(21.86)


* Since 12/29/06.

$10,000 INVESTMENT
(Class A Without Sales Charges: 12/29/06 (Inception) - 6/30/08)

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 Gross Operating Expenses	2.52%	3.27%	2.78%

	Less: Contractual Fee Waiver/Expense Reimbursement³	0.88	0.88	0.88

	Net Operating Expenses (after Fee Waiver/Expense Reimbursement)	1.64	2.39	1.89

³Seligman has contractually agreed to waive its management fee and/or to reimburse the Fund’s “other expenses” (i.e., those expenses other than management fees, 12b-1 fees, interest on borrowings, and extraordinary expenses, including litigation expenses) to the extent such expenses exceed 0.41% per annum of the Fund’s average daily net assets. This undertaking will remain in effect at least until April 30, 2009. Absent such management fee waiver/expense reimbursement, the Fund’s returns would have been lower.

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.