IRA Opportunities in the

Pension Protection Act

Roth IRA Conversions for All — beginning 2010*

OPPORTUNITY: Investors seeking tax diversification who are currently not eligible to contribute to and/or convert to a Roth IRA can build up their Traditional IRAs over the next few years, and then make a Roth IRA conversion in 2010.

Currently, Roth IRA conversions and direct rollovers from a qualified plan to a Roth IRA are restricted to single filers or joint filers with an AGI under $100,000 (those who are married filing separately are not eligible). Beginning in 2010, there are no income limits or filing status restrictions for either a Roth IRA conversion or direct rollover. As a bonus, taxable income generated by these 2010 conversions may be spread over 2011 and 2012.

Seligman TargETFunds SM: Simple Solutions for IRA investors

NOTES

This outline summarizes some important provisions related to Individual Retirement Arrangements (IRAs) contained in the Pension Protection Act of 2006 (PPA). It does not describe in detail the requirements that must be satisfied in order for these provisions to be made available. Unless otherwise noted, all provisions were effective beginning January 1, 2007.

Seligman Advisors, Inc. does not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used, for the purpose of avoiding US federal, state, or local taxes. Please consult your own independent advisor as to any tax, accounting, or legal statements made herein.

* The asset allocation of Seligman TargETFund Core is maintained over time and does not migrate toward a future target date.

† A typical investor would incur lower costs through an investment in Seligman TargETFunds (which includes professional portfolio management based on Seligman’s proprietary Time Horizon Matrix research) as compared to a direct investment (without professional portfolio management) in the same ETFs held by the Seligman TargETFunds. Such cost comparison takes into consideration transaction costs, sales charges, and expenses, as applicable. Diversification does not assure a profit or protect against loss in a declining market.

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.