Why Invest in Technology Today

Three Themes for Technology Investing in 2008

Globalization
While demand for technology products remains relatively healthy in North America, Western Europe, and other developed economies, demand in emerging economies has surged. And despite recent dramatic demand growth, we believe opportunities in burgeoning economies, like China and India, remain largely untapped.

Innovation
Innovation is the essence of technology, and the drive to create better, smaller, more efficient and user-friendly products is alive and well. Corporations understand the power of technology to improve the bottom line, and consumers’ large appetite for new gadgets is continuing apace.

Utilization
Over the last few years, consumer technology headlines have been dominated by the introduction of feature-rich “smart” mobile handsets, innovative game consoles, portable music and media players, and slimmer and faster notebooks. With the hardware in place, we are beginning to see a greater focus on providing content for these devices, as well as greater utilization of existing 3G mobile technology and connectivity resources.

How to Invest in Technology Today

Technology investing is not easy. We believe that stock selection, based on fundamental research, and diversification across companies and industries are the keys to success.

Many learned the downside of technology investing firsthand when the speculative tech bubble burst in 2000. Many have shunned tech stocks and abandoned tech mutual funds. While investing in technology should never be a complete investment strategy, for investors seeking long-term growth it can play a meaningful part of a well-diversified portfolio. Diversified growth funds will give investors some technology exposure. But is it enough, and are the generalists who run these funds betting on the right companies and technologies, or are they just indexing to a benchmark?

When you are ready to talk with your financial advisor about technology investing, think about Seligman Communications and Information Fund and Seligman Global Technology Fund. Paul Wick and the Seligman Technology Group have been doing it longer and better than most. These well-run, well-established, and well-regarded Funds may be a more prudent way of adding the potential of technology to your portfolio.

An investment in Seligman Communications and Information Fund and Seligman Global Technology Fund involve risks, including the possible loss of principal. The products of technology companies may be subject to severe competition and rapid obsolescence. In addition, investments in one sector, such as technology, may result in greater price fluctuations than owning a portfolio of diversified investments. The Fund is actively managed and its holdings are subject to change. Diversification does not assure a profit or protect against loss in a declining market.

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, an investment in Seligman Global Technology Fund should be considered speculative and not appropriate for individuals who require safety of principal or stable income from their investments. Diversification does not assure a profit or protect against loss in a declining market.

The views and opinions expressed are those of the Seligman Technology Group, are provided for general information only, and do not constitute specific tax, legal, or investment advice to, or recommendations for, any person. There can be no guarantee as to the accuracy of market forecasts. Opinions, estimates, and forecasts may be changed without notice.

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.

Effective November 7, 2008, J. & W. Seligman Co. Incorporated ("Seligman") was acquired by and became a wholly-owned subsidiary of RiverSource Investments, LLC, which is a subsidiary of Ameriprise Financial, Inc. As a result of the acquisition, Seligman's investment advisory contracts were transferred to RiverSource Investments and Seligman Advisors, Inc., a subsidiary of Seligman, was added as a principal underwiter and distributor of the RiverSource mutual funds.

Seligman mutual funds are distributed by Seligman Advisors, Inc., member FINRA, and managed by RiverSource Investments, LLC. Seligman Services, Inc. provides services to fund shareholders. Seligman Advisors, Inc. and Seligman Services, Inc. are wholly-owned subsidiaries of RiverSource Investments, LLC. These companies are part of Ameriprise Financial, Inc.