Issued by RiverSource Life Insurance Co. of New York (RiverSource Life of NY) ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

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1 RiverSource SM Personal Portfolio Plus 2 Variable Annuity Issued by RiverSource Life Insurance Co. of New York (RiverSource Life of NY) A Flexible-Premium, Deferred Combination Fixed/Variable Annuity The performance information shown represent past performance and is no guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by calling the RiverSource Life of NY Customer Service line at (800) This information is authorized for use when preceded or accompanied by a current annuity prospectus. You should consider the investment objectives, risks, charges and expenses of the underlying investment options carefully before investing. For a free copy of the underlying investment s prospectus, which contains this and other information about variable annuities, call (800) Read the prospectus carefully before you invest. We show actual performance from the date the subaccounts began investing in the funds. We also show performance from the commencement date of the funds as if the annuity existed at that time, which it did not. Variable annuities are insurance products that are complex long-term investment vehicles. Before you invest, be sure to ask your investment professional about the variable annuity s features, benefits, risks and fees, and whether the variable annuity is appropriate for you, based upon your financial situation and objectives. The benefits of tax deferral may outweigh the costs of a variable annuity only if you hold it as a long-term investment. Variable annuities are subject to market risk including the potential loss of principal invested. Current applicable charges deducted from performance include a 1.40% total base variable account expense, a $30 contract administrative charge, and a declining 7% withdrawal charge on purchase payments less than eight years old. Premium taxes are not reflected in these total returns. Keep in mind that because an annuity is a tax-deferred vehicle, in most cases it is subject to a 10% IRS penalty if the assets are withdrawn before age 59 1 /2. *An investment in the Cash Management Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. The 7-day yields shown reflect more closely the earnings of the fund than the total return numbers. Short-term yields may be higher or lower than the figures shown. Contact your advisor or call (800) for the most current yield. Most annuities have a tax-deferred feature. So do many retirement plans under the Internal Revenue Code. As a result, when you use an annuity to fund a retirement plan that is tax-deferred, your annuity will not provide any necessary or additional tax deferral for that retirement plan. But annuities do have features other than tax deferral that may help you reach your retirement goals. You should consult your tax advisor prior to making a purchase for an explanation of the tax implications to you. VARIABLE ANNUITIES: ARE NOT A DEPOSIT OF ANY BANK OR ANY BANK AFFILIATE ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT BANK GUARANTEED MAY LOSE VALUE Page 1 of 5

2 Average Annual Total Returns Since Commencement of the Subaccount Average Annual Total Returns of the Subaccount Since Commencement of the Fund Sub- 1-month 3-month YTD As of Quarter End As of Quarter End account Fund Through Through Through Since Since Subaccount Inception Inception 12/31/06 12/31/06 12/31/06 1-yr. 3-yr. 5-yr. 10-yr. Inception** 1-yr. 3-yr. 5-yr. 10-yr. Inception** CASH EQUIVALENTS* RiverSource SM Variable Portfolio - Cash Management Fund Without surrender charges (10/24/97) (10/13/81) 0.18% 0.74% 2.97% 2.97% 1.11% 0.41% 1.73% 2.97% 1.11% 0.41% 1.90% 3.98% With surrender charges (10/24/97) (10/13/81) -6.13% -5.62% -3.53% -3.53% -0.43% -0.14% 1.73% -3.53% -0.43% -0.14% 1.90% 3.98% RiverSource SM Variable Portfolio-Cash Management Fund s seven-day simple yield was 4.52% and its seven-day compound yield was 4.63% as of quarter-end 12/31/06. LONG-/INTERMEDIATE-TERM FIXED INCOME RiverSource SM Variable Portfolio - Diversified Bond Fund Without surrender charges (10/24/97) (10/13/81) -0.34% 1.05% 2.90% 2.90% 2.17% 2.69% 2.58% 2.90% 2.17% 2.69% 3.08% 7.46% With surrender charges (10/24/97) (10/13/81) -6.63% -5.32% -3.60% -3.60% 0.60% 2.15% 2.58% -3.60% 0.60% 2.15% 3.08% 7.46% MULTI-SECTOR FIXED INCOME Putnam VT Diversified Income Fund, Class IB Shares Without surrender charges (11/04/98) (09/15/93) -0.06% 1.67% 4.76% 4.76% 4.62% 7.18% 4.73% 4.76% 4.62% 7.18% 3.85% 4.33% With surrender charges (11/04/98) (09/15/93) -6.36% -4.74% -1.88% -1.88% 3.07% 6.72% 4.73% -1.88% 3.07% 6.72% 3.85% 4.33% HIGH-YIELD FIXED INCOME Oppenheimer High Income Fund/VA Without surrender charges (11/04/98) (04/30/86) 0.89% 3.34% 7.85% 7.85% 5.31% 6.54% 4.23% 7.85% 5.31% 6.54% 3.94% 7.96% With surrender charges (11/04/98) (04/30/86) -5.47% -3.20% 1.00% 1.00% 3.78% 6.07% 4.23% 1.00% 3.78% 6.07% 3.94% 7.96% Putnam VT High Yield Fund, Class IB Shares 1 Without surrender charges (11/04/98) (02/01/88) 0.99% 3.72% 8.93% 8.93% 6.44% 8.04% 4.78% 8.93% 6.44% 8.04% 3.96% 6.51% With surrender charges (11/04/98) (02/01/88) -5.38% -2.84% 2.01% 2.01% 4.95% 7.59% 4.78% 2.01% 4.95% 7.59% 3.96% 6.51% BALANCED Janus Aspen Series Balanced Portfolio: Institutional Shares Without surrender charges (11/04/98) (09/13/93) 0.03% 3.94% 9.12% 9.12% 7.48% 5.17% 6.55% 9.12% 7.48% 5.17% 8.79% 9.82% With surrender charges (11/04/98) (09/13/93) -6.27% -2.64% 2.18% 2.18% 6.02% 4.68% 6.55% 2.18% 6.02% 4.68% 8.79% 9.82% OpCap Managed Portfolio Without surrender charges (10/27/97) (08/01/88) -0.46% 3.98% 8.07% 8.07% 6.97% 3.76% 3.75% 8.07% 6.97% 3.76% 4.86% 10.87% With surrender charges (10/27/97) (08/01/88) -6.77% -2.60% 1.20% 1.20% 5.50% 3.24% 3.75% 1.20% 5.50% 3.24% 4.86% 10.87% RiverSource SM Variable Portfolio - Balanced Fund Without surrender charges (10/24/97) (04/30/86) 1.68% 5.28% 12.73% 12.73% 7.64% 4.87% 3.67% 12.73% 7.64% 4.87% 5.06% 7.67% With surrender charges (10/24/97) (04/30/86) -4.74% -1.39% 5.73% 5.73% 6.18% 4.36% 3.67% 5.73% 6.18% 4.36% 5.06% 7.67% LARGE CAP STOCK AIM VI Core Equity Fund, Series I Shares Effective 4/28/06, AIM VI Premier Equity Fund, Series I Shares merged into AIM VI Core Equity Fund, Series I Shares. Without surrender charges (11/04/98) (05/02/94) 0.99% 5.56% 15.02% 15.02% 8.64% 5.51% 2.98% 15.02% 8.64% 5.51% 5.64% 8.09% With surrender charges (11/04/98) (05/02/94) -5.38% -1.13% 8.02% 8.02% 7.21% 5.02% 2.98% 8.02% 7.21% 5.02% 5.64% 8.09% American Century VP Income & Growth, Class I Without surrender charges (11/04/98) (10/30/97) 1.83% 8.25% 15.40% 15.40% 9.84% 6.04% 3.86% 15.40% 9.84% 6.04% 5.72% With surrender charges (11/04/98) (10/30/97) -4.60% 1.37% 8.40% 8.40% 8.44% 5.56% 3.86% 8.40% 8.44% 5.56% 5.72% American Century VP Value, Class I Without surrender charges (11/04/98) (05/01/96) 1.69% 6.93% 16.94% 16.94% 10.91% 8.33% 8.01% 16.94% 10.91% 8.33% 9.27% 9.75% With surrender charges (11/04/98) (05/01/96) -4.73% 0.15% 9.94% 9.94% 9.54% 7.89% 8.01% 9.94% 9.54% 7.89% 9.27% 9.75% OpCap Equity Portfolio Without surrender charges (11/04/98) (08/01/88) -0.27% 5.90% 13.62% 13.62% 9.76% 5.34% 3.61% 13.62% 9.76% 5.34% 6.01% 9.99% With surrender charges (11/04/98) (08/01/88) -6.58% -0.82% 6.62% 6.62% 8.36% 4.85% 3.61% 6.62% 8.36% 4.85% 6.01% 9.99% Oppenheimer Capital Appreciation Fund/VA Without surrender charges (11/04/98) (04/03/85) -0.63% 4.17% 6.39% 6.39% 5.11% 1.54% 4.69% 6.39% 5.11% 1.54% 6.93% 10.12% With surrender charges (11/04/98) (04/03/85) -6.94% -2.43% -0.36% -0.36% 3.58% 0.99% 4.69% -0.36% 3.58% 0.99% 6.93% 10.12% Putnam VT Growth and Income Fund - Class IB Shares 2 Without surrender charges (11/04/98) (02/01/88) 1.24% 7.03% 14.24% 14.24% 9.07% 5.39% 3.75% 14.24% 9.07% 5.39% 5.89% 9.66% With surrender charges (11/04/98) (02/01/88) -5.15% 0.24% 7.24% 7.24% 7.65% 4.90% 3.75% 7.24% 7.65% 4.90% 5.89% 9.66% Footnotes are placed at the end of the Performance Summary. Page 2 of 5

3 Average Annual Total Returns Since Commencement of the Subaccount Average Annual Total Returns of the Subaccount Since Commencement of the Fund Sub- 1-month 3-month YTD As of Quarter End As of Quarter End account Fund Through Through Through Since Since Subaccount Inception Inception 12/31/06 12/31/06 12/31/06 1-yr. 3-yr. 5-yr. 10-yr. Inception** 1-yr. 3-yr. 5-yr. 10-yr. Inception** LARGE CAP STOCK (CONT.) Putnam VT Voyager Fund - Class IB Shares Without surrender charges (11/04/98) (02/01/88) -0.14% 6.88% 3.91% 3.91% 3.86% -0.04% 1.61% 3.91% 3.86% -0.04% 4.09% 9.26% With surrender charges (11/04/98) (02/01/88) -6.45% 0.10% -2.66% -2.66% 2.29% -0.59% 1.61% -2.66% 2.29% -0.59% 4.09% 9.26% RiverSource SM Variable Portfolio - Large Cap Equity Fund Effective 3/17/06, RiverSource SM Variable Portfolio - New Dimensions Fund merged into RiverSource SM Variable Portfolio - Large Cap Equity Fund. Without surrender charges (10/24/97) (10/13/81) 1.99% 6.83% 13.62% 13.62% 7.45% 3.95% 1.94% 13.62% 7.45% 3.95% 3.83% 9.14% With surrender charges (10/24/97) (10/13/81) -4.45% 0.05% 6.62% 6.62% 5.99% 3.43% 1.94% 6.62% 5.99% 3.43% 3.83% 9.14% MID-CAP STOCK RiverSource SM Variable Portfolio - Mid Cap Growth Fund Effective 3/17/06, RiverSource SM Variable Portfolio - Strategy Aggressive Fund merged into RiverSource SM Variable Portfolio - Mid Cap Growth Fund. Without surrender charges (03/17/06) (05/01/01) -0.73% 5.91% -4.67% -1.52% 4.75% 3.37% 2.59% With surrender charges (03/17/06) (05/01/01) -7.03% -0.80% % -7.82% 3.21% 2.83% 2.27% SMALL-CAP STOCK OpCap Small Cap Portfolio Without surrender charges (11/04/98) (08/01/88) 2.19% 10.08% 22.30% 22.30% 11.90% 8.75% 10.64% 22.30% 11.90% 8.75% 9.22% 10.97% With surrender charges (11/04/98) (08/01/88) -4.27% 3.08% 15.30% 15.30% 10.56% 8.32% 10.64% 15.30% 10.56% 8.32% 9.22% 10.97% WORLD STOCK Janus Aspen Series Worldwide Growth Portfolio: Institutional Shares Without surrender charges (11/04/98) (09/13/93) 0.90% 10.62% 16.50% 16.50% 7.87% 2.39% 3.27% 16.50% 7.87% 2.39% 5.92% 9.57% With surrender charges (11/04/98) (09/13/93) -5.47% 3.62% 9.50% 9.50% 6.42% 1.84% 3.27% 9.50% 6.42% 1.84% 5.92% 9.57% INTERNATIONAL STOCK AIM VI International Growth Fund, Series I Shares Without surrender charges (11/04/98) (05/05/93) 3.49% 11.79% 26.39% 26.39% 21.55% 13.67% 6.26% 26.39% 21.55% 13.67% 6.64% 8.31% With surrender charges (11/04/98) (05/05/93) -3.06% 4.79% 19.39% 19.39% 20.41% 13.31% 6.26% 19.39% 20.41% 13.31% 6.64% 8.31% RiverSource SM Variable Portfolio - International Opportunity Fund Without surrender charges (10/24/97) (01/13/92) 2.73% 8.82% 22.38% 22.38% 16.70% 10.07% 3.18% 22.38% 16.70% 10.07% 3.37% 4.86% With surrender charges (10/24/97) (01/13/92) -3.76% 1.91% 15.38% 15.38% 15.47% 9.66% 3.18% 15.38% 15.47% 9.66% 3.37% 4.86% Page 3 of 5

4 Issued by RiverSource Life Insurance Company of NY A fund underlying your contract in which a subaccount invests may have a name, portfolio manager, objectives, strategies and characteristics that are the same or substantially similar to those of a publiclytraded retail mutual fund. Despite these similarities, an underlying fund is not the same as any publicly-traded retail mutual fund. Each underlying fund will have its own unique portfolio holdings, fees, operating expenses and operating results. The results of each underlying fund may differ significantly from any publicly- traded retail mutual fund. RiverSource Lfe of NY offers several different annuities which your investment professional may be authorized to offer you. Each annuity has different features and benefits that may be appropriate for you based on your financial situation and needs, your age and how you intend to use the annuity. The different features and benefits may include the investment and fund manager options, variations in interest rate amount and guarantees, credits, withdrawal charge schedules and access to annuity account values. The fees and charges may also be different between each annuity. Small Cap: Stocks of small-capitalization companies involve substantial risk. Historically, these stocks have experienced greater price volatility than stocks of larger companies, and they can be expected to do so in the future. Mid-cap: Stocks of mid-capitalization companies involve substantial risk. Historically, these stocks have experienced greater price volatility than stocks of larger companies, and they can be expected to do so in the future. Technology: Investments in a technology fund are more vulnerable to price fluctuation as a result of the narrow focus of technology investing and the fact that the products of companies in which the fund invests may be subject to rapid obsolescence. International/Global: International investing involves increased risk and volatility, not typically associated with domestic investing, due to changes in currency exchange rates, foreign government regulations, differences in auditing and accounting standards, potential political and economic instability, limited liquidity, and volatile prices. The risks of international investing are particularly significant in emerging markets. Bond funds: There are risks associated with an investment in a bond fund, including the impact of interest rates, credit, and inflation. These and other risk considerations are discussed in the fund's prospectus. In general, bond prices rise when interest rates fall and vice versa. This effect is usually more pronounced for longer-term securities. High-Yield Bond funds: High-yield funds invest in lower-rated bonds, which generally have more volatile prices and carry more risk to principal and income than investment grade securities. Tax-exempt funds: Income from tax-exempt funds may be subject to state and local taxes and a portion of income may be subject to the federal and/or state alternative minimum tax for certain investors. Federal income tax rules will apply to any capital gains distribution. **If subaccount or fund is less than 1 year old, the reported returns are cumulative, not annualized. 1 Performance information for Class IB shares for periods prior to April 30, 1998 are based on the performance of the fund's Class IA shares (not offered as an investment option) adjusted to reflect the fees paid by Class IB shares, including a Rule 12b-1 fee of 0.25% restated to reflect an increase in 12b-1 fees effective April 30, Performance information for Class IB shares for periods prior to April 6, 1998 are based on the performance of the fund's Class IA shares adjusted to reflect the fees paid by Class IB shares, including a Rule 12b-1 fee of 0.25% restated to reflect an increase in 12b-1 fees effective April 30, Actual 12b-1 fees during the most recent fiscal year were 0.25%. Page 4 of 5

5 RiverSource Life Insurance Co. of New York 20 Madison Avenue Extension P. O. Box 5555 Albany, NY Ameriprise Financial, Inc. All rights reserved. RiverSource Distributors, Inc. (Distributor), Member NASD. Insurance and annuity products are issued by RiverSource Life Insurance Co. of New York, Albany, New York. Page 5 of 5