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Renaming to Partners funds and Threadneedle® funds

As of March 31, 2008, RiverSource® subadvised funds will include the name Partners, as shown below. In addition, our retail international and global funds managed by Threadneedle will be renamed to include the name Threadneedle, as indicated below.

The goal of the fund renaming is to bring clarity around the comprehensive investment platform offered by RiverSource and to differentiate which of our funds are managed internally, which are subadvised by other fund managers, and which are managed by Threadneedle. This change only affects the names of these funds. It does not change the management of these funds or their investment objectives.

Fund Name Changes — Effective 3/31/08

Before Fund Name Change

After Fund Name Change

Partners

RiverSource Aggressive Growth Fund

RiverSource Partners Aggressive Growth Fund

RiverSource Fundamental Value Fund

RiverSource Partners Fundamental Value Fund

RiverSource International Aggressive Growth Fund

RiverSource Partners International Select Growth Fund

RiverSource International Select Value Fund

RiverSource Partners International Select Value Fund

RiverSource International Small Cap Fund

RiverSource Partners International Small Cap Fund

RiverSource Select Value Fund

RiverSource Partners Select Value Fund

RiverSource Small Cap Equity Fund

RiverSource Partners Small Cap Equity Fund

RiverSource Small Cap Growth Fund

RiverSource Partners Small Cap Growth Fund

RiverSource Small Cap Value Fund

RiverSource Partners Small Cap Value Fund

Threadneedle

RiverSource Emerging Markets Fund

Threadneedle Emerging Markets Fund

RiverSource European Equity Fund

Threadneedle European Equity Fund

RiverSource Global Equity Fund

Threadneedle Global Equity Fund

RiverSource International Opportunity Fund

Threadneedle International Opportunity Fund

The Threadneedle group of companies constitutes the Ameriprise Financial international investment platform. The group consists of wholly owned subsidiaries of Ameriprise Financial, Inc. and provides services independent from Ameriprise Financial Services, Inc., including Ameriprise Financial Services' broker-dealer business.

You should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. To learn more about this and other important information about the funds, download a free prospectus. Read the prospectus carefully before investing.

RiverSource® mutual funds are distributed by RiverSource Distributors, Inc., Member FINRA, and managed by RiverSource Investments, LLC. These companies are part of Ameriprise Financial, Inc.