Press Release

>RIVERSOURCE INVESTMENTS, LLC HIRES REGIONAL VICE PRESIDENT, INSTITUTIONAL SALES

MINNEAPOLIS — December 7, 2005 — RiverSource Investments, LLC, a subsidiary of Ameriprise Financial, Inc. (NYSE:AMP), has hired Denise Pearman as Regional Vice President, Institutional Sales. Pearman reports to Christopher P. Keating, Head of Institutional and Hedge Fund Sales, Client Service and Consultant Relations for RiverSource Investments.

Pearman leads the firm's institutional and hedge fund sales efforts for the Midwest Region of the U.S. She will also help enhance the firm's institutional consultant relations and client service efforts.

Pearman has more than 12 years experience in the institutional asset management business. Prior to joining RiverSource Investments, Pearman held institutional sales, client service and marketing positions with Turner Investment Partners, Inc., Boston Partners Asset Management, L.P. and Loomis, Sayles & Company, L.P.

"Denise's thorough understanding of the institutional business will help us establish our presence in the institutional marketplace where we market under several offering brands including RiverSource Institutional Advisors and RiverSource Alternative Investments, as well as on behalf of our affiliates, including Kenwood Capital Management," said Keating.

RiverSource Investments develops and manages asset growth, preservation and income solutions that revolve around the needs of today's investors. The firm's specialized investment platform provides access to investment and research professionals located in strategic investment centers in the U.S. and overseas. As a leading source of investment insight and innovation, RiverSource Investments delivers a full range of solutions across the risk return spectrum, to retail investors and their advisors and to institutional investors including corporations, pension funds, governments, foundations and endowments. For more information, visit www.riversource.com/investments.

RiverSource Investments, LLC is an SEC-registered investment adviser that offers investment products and services under the names RiverSource Institutional Advisors, RiverSource Alternative Investments, RiverSource Capital Management and RiverSource Insurance Assets.

Ameriprise Financial, Inc. is one of the nation's leading financial planning, asset management and insurance companies. Through Ameriprise Financial Services, Inc., its affiliated broker-dealer with a nationwide network of more than 10,000 financial advisors, Ameriprise Financial delivers financial solutions to clients through a comprehensive and personalized financial planning approach built on a long-term relationship with a knowledgeable advisor. The company specializes in meeting the retirement-related financial needs of the mass affluent. RiverSource Investments provides retail and institutional asset management products and services in the U.S. In Europe, such products and services are provided through Threadneedle Asset Management Limited. Ameriprise Retirement Services provides investment management and record keeping services to large and mid-size company 401(k) plans, as well as workplace financial education programs through Ameriprise Financial Services and Ameriprise Trust Company. For more information, visit www.ameriprise.com.

Ameriprise Financial Services, Inc., Member FINRA, RiverSource Investments, LLC, Threadneedle Asset Management Holdings Limited, Ameriprise Retirement Services and Ameriprise Trust Company are part of Ameriprise Financial, Inc.

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Press Release

>RIVERSOURCE INVESTMENTS, LLC HIRES REGIONAL VICE PRESIDENT, INSTITUTIONAL SALES

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