Press Release

RiverSource^SM Annuities Launches Guaranteed Minimum Accumulation Benefit

New Living Benefit Offers Ability to Build Retirement Assets While Simultaneously Providing Protection Against Market Loss

MINNEAPOLIS — January 31, 2006 — Individuals purchasing a RiverSource^SM variable annuity can now elect the Guaranteed Minimum Accumulation Benefit, an optional living benefit rider designed to help variable annuity investors weather the ups and downs of the market. RiverSource annuities are sold through the personal advisors of Ameriprise Financial (NYSE: AMP), as well as other distribution channels.

Mark Schwarzmann, president of insurance, annuities, and product distribution for Ameriprise Financial said, “We know that some people are wary about investing, yet they recognize the markets offer the greatest opportunities for growth. The Guaranteed Minimum Accumulation Benefit is designed to give individuals the confidence to stay invested for the long term because they have the comfort of knowing that no matter what happens, their investment is protected from market downturns for at least 10 years.”

About variable annuities:
First made available in the 1950's, variable annuities are retirement investment products that can help individuals through each stage of their retirement — from accumulation, to providing income, to passing on wealth to heirs. Variable annuity investors have access to a range of investment choices and fixed account options, which have the potential to provide earnings on a tax-deferred basis until the owner makes withdrawals.

Variable annuities offer guarantees to investors, including a standard guaranteed death benefit and guaranteed income payments, and most recently, a new breed of guarantees called living benefits. Guarantees are based on the continued claims-paying ability of the issuing insurance company and do not apply to the performance of the variable sub accounts, which will vary with market conditions.

Variable annuity expenses include a mortality & expense fee, which covers the insurer's costs and sub account expenses. Most annuities also impose surrender charges for a specified time period, additional fees for optional riders and an annual contract charge.

New living benefit offers protection
For an additional annual fee, the new Guaranteed Minimum Accumulation Benefit can be purchased on RiverSource Retirement Advisor Advantage Plus^SM variable annuity contracts and on RiverSource Retirement Advisor Select Plus^SM variable annuity contracts, issued by IDS Life Insurance Company and IDS Life Company of New York. The Accumulation Benefit offers investors protection against market downturns during the first 10 years they own the contract.

To obtain this benefit, individuals must hold the contract throughout the 10-year waiting period until the benefit date. The Accumulation Benefit provides a one-time adjustment to the contract value equal to the greater of initial purchase payments or 80% of the highest contract value on any contract anniversary during the 10-year waiting period. After the 10-year waiting period, the variable annuity may be worth more than the original investment, or greatest lock-in value, resulting in no additional monetary value derived from the Accumulation Benefit.

Investors who choose the Accumulation Benefit are automatically enrolled in an asset allocation program called Portfolio Navigator, where they select an asset allocation model portfolio for their annuity. Morningstar Associates, LLC, a provider of investment analysis, provides recommendations for the portfolios to RiverSource Investments, LLC. The model portfolios, ranging from conservative to aggressive, are then developed and updated by RiverSource Investments, based on these recommendations. To keep the asset allocation intact, the investor's annuity contract value is rebalanced quarterly.

“Investing can be complicated, especially when you try to do it on your own,” adds Schwarzmann. “The Accumulation Benefit provides annuity investors with the means to stay on track with their financial goals.

About RiverSource^SM Annuities

RiverSource^SM Annuities offers a broad range of fixed, variable and immediate annuity products designed to support today's investors through every stage of retirement planning, from accumulating assets, to generating income and passing on wealth to heirs.

Investors should consider the investment objectives, risks, charges and expenses of a variable annuity carefully before investing. For a free copy of a RiverSource variable annuity prospectus, which contains this and other information, call (800) 437-4332. Investors should read the prospectus carefully before investing.

About Ameriprise Financial

Ameriprise Financial, Inc. is a leading financial planning and services company that provides solutions for clients' asset accumulation, income management and insurance protection needs. Through a nationwide network of more than 10,000 financial advisors, Ameriprise Financial delivers tailored 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. Financial advisory services and investments are available through Ameriprise Financial Services, Member FINRA and SIPC. For more information, visit www.ameriprise.com.

Ameriprise Financial Services, Inc., Member FINRA, a wholly-owned subsidiary of Ameriprise Financial, Inc. RiverSource^SM insurance and annuity branded products are issued in New York by IDS Life Insurance Company of New York, Albany, NY, an Ameriprise Financial company. RiverSource^SM insurance and annuity branded products are also issued and distributed outside of New York by IDS Life Insurance Company, Member FINRA, a wholly-owned subsidiary of Ameriprise Financial.

RiverSource Investments, LLC, an SEC-registered investment adviser, is an Ameriprise Financial company. RiverSource Investments, LLC, in its role as non-discretionary investment adviser for the program, is responsible for overseeing the processes used by Morningstar.

Media Contacts

Benjamin Pratt
Vice President, External Communications
(612) 678-5881
(612) 671-5112 (fax)
benjamin.j.pratt@ampf.com

For RiverSource Investments, Institutional Advisors, Insurance and Annuities

Ryan Lund
Director, Media Relations
(612) 671-3459
(612) 671-5112 (fax)
ryan.s.lund@ampf.com

For RiverSource Insurance and Annuities

Todd Wold
Manager, Media Relations
(612) 671-6583
(612) 671-5112 (fax)
todd.wold@ampf.com