Company Press Release

MINNEAPOLIS – Feb. 19, 2009 – HYPERLINK "http://www.riversource.com" RiverSource Investments today announced the launch of the RiverSource Recovery and Infrastructure Fund, managed by Warren Spitz, senior portfolio manager at RiverSource Investments. RiverSource Investments, LLC, is a subsidiary of Ameriprise Financial, Inc. (NYSE: AMP).

The open-end mutual fund seeks long-term opportunities in publicly traded companies that could benefit from renewed investment in infrastructure projects in the U.S. and around the globe, as population growth and urbanization drive development in emerging markets.

“Given the influx of government spending and demand in the U.S. and internationally, the infrastructure theme remains one of the most compelling opportunities in recent history,” Spitz said.

The fund is also positioned to find near-term opportunities created by the U.S. Government’s $787 billion stimulus package. It’s estimated that $2.2 trillion in public and private funding is required over the next five years to repair and upgrade America’s infrastructure.

Spitz identified infrastructure as an emerging investment theme more than six years ago and recent economic and political forces have reinforced his conviction. He noted that unprecedented government spending could immediately impact companies in the energy, materials and industrials sectors. Direct spending will especially benefit utilities, construction, heavy equipment and engineering in the near term, according to Spitz, while technology service providers, airlines, automakers and manufacturers will benefit indirectly over the long run.

Warren Spitz has more than 20 years of investment experience. He is a member of the RiverSource Contrarian Equity Team, which manages five retail mutual funds:
RiverSource Mid Cap Value Fund
RiverSource Diversified Equity Income Fund
RiverSource Dividend Opportunity Fund
RiverSource Equity Value Fund
RiverSource 120/20 Contrarian Equity Fund

RiverSource Recovery and Infrastructure Fund will invest at least 75 percent of its assets in U.S. companies, while up to 25 percent can be invested in international holdings.

About RiverSource Investments
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 products 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 HYPERLINK "http://www.riversource.com" riversource.com.

About Ameriprise Financial
Ameriprise Financial, Inc., is a diversified financial services company serving the comprehensive financial planning needs of the mass affluent and affluent.

For more information, visit HYPERLINK "http://www.ameriprise.com" ameriprise.com.

You should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. For a free prospectus, which contains this and other important information about the funds, call (888) 791-3380. Read the prospectus carefully before investing.

The RiverSource Recovery and Infrastructure Fund concentrates its investments in infrastructure-related securities, which involve greater risk and volatility than more diversified investments, including greater exposure to adverse economic, regulatory, political, legal, and other changes affecting the issuers of such securities. The Fund may also invest in foreign securities, small and mid-sized companies, real estate investment trusts, or exchange-traded funds (ETFs), which involve additional risks. International investing involves increased risk and volatility due to potential political and economic instability, currency fluctuations, and differences in financial reporting and accounting standards and oversight. Investments in small- and mid-capitalization companies involve greater risks and volatility than investments in larger, more established companies. Investments in real estate involve market risk, issuer risk, diversification risk, and sector/concentration risk. The price movement of an ETF may not track the underlying index and may result in a loss. The Fund is non-diversified, and may be more exposed to the risks of loss and volatility than a fund that invests more broadly. See the fund’s prospectus for information on these and other risks associated with the Fund.

Investment products, including shares of mutual funds, are not federally or FDIC-insured, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

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

© 2009 RiverSource Investments, LLC. All rights reserved.


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