If you have questions, please contact the RiverSource Sales Consulting Group at (800) ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

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1 The RiverSource SM variable annuity, issued by American Enterprise Life Insurance Company, performance figures below do not reflect the most current month end figures, due to technology issues. We are working to provide updated performance. Please check back soon for current information. If you have questions, please contact the RiverSource Sales Consulting Group at (800) 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 American Enterprise Life Insurance Company (Distributor), Member NASD, a wholly-owned subsidiary of Ameriprise Financial, Inc (Ameriprise Financial). RiverSource SM insurance and annuity branded products are issued by American Enterprise Life Insurance Company, an Ameriprise Financial company. For broker-dealer use only. Not approved for use with the public Ameriprise Financial, Inc. All rights reserved

2 Issued by American Enterprise Life Insurance Company (AEL) A Flexible-Premium, Deferred Combination Fixed/Variable Annuity Performance for Annuities for the Quarter End 6/30/06 and Month End 7/31/06. 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 AEL 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, 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 1.00% total base variable account expense for qualified plans under the 7-year withdrawal charge schedule, a 1.55% total base variable expense for non- qualified plans under the 5-year withdrawal charge schedule, a $40 contract administrative charge, a 0.20% Maximum Anniversary Value Death Benefit Rider fee, a 0.75% Guaranteed Minimum Income Benefit 6% Rising Floor Rider fee, a 0.40% Benefit Protector SM Plus Death Benefit Rider fee, and a declining 8% withdrawal charge for purchase payments less than eight years old for 7-yr withdrawal charge schedule and less than six years for 5-yr withdrawal charge schedule. Premium taxes, purchase payment credits and PCR credits are not reflected in these total returns. *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. Ameriprise Financial Services, Inc. (Distributor), Member NASD, a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). RiverSource SM insurance and annuity branded products are issued by American Enterprise Life Insurance Company, an Ameriprise Financial company. 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 6

3 Performance for Annuities for the Quarter End 6/30/06 and Month End 7/31/06. Riders = Maximum Anniversary Value Death Benefit Rider; Guaranteed Minimum Income Benefit 6% Rising Floor Rider; Benefit Protector SM Plus Death Benefit Rider. 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 7/31/06 7/31/06 7/31/06 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 1 No riders, without surrender charges for qual plans, 7-yr schedule (05/30/00) (10/13/81) 0.30% 0.90% 1.87% 2.61% 0.84% 0.65% 1.31% 2.61% 0.84% 0.65% 2.36% 4.44% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (10/13/81) -7.06% -6.80% -6.46% -6.49% -2.85% -2.23% -6.49% -2.85% -1.53% 0.52% 2.57% RiverSource SM Variable Portfolio-Cash Management Fund s seven-day simple yield was 4.60% and its seven-day compound yield was 4.70% as of quarter-end 6/30/06, as of month-end 7/31/06, its seven-day simple yield was 4.86% and its seven-day compound yield was 4.98%. SHORT-TERM FIXED INCOME RiverSource SM Variable Portfolio - Short Duration US Government Fund 1 No riders, without surrender charges for qual plans, 7-yr schedule (05/30/00) (09/15/99) 0.85% 0.78% 0.82% 0.07% 0.02% 1.63% 2.85% 0.07% 0.02% 1.63% 2.67% Riders, with surrender charges for non-qual plans, 5-yr schedule (03/03/00) (09/15/99) -6.56% -6.91% -7.44% -8.92% -3.68% -0.55% 0.93% -8.92% -3.68% -0.55% 0.83% LONG-/INTERMEDIATE-TERM FIXED INCOME RiverSource SM Variable Portfolio - Diversified Bond Fund 1 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (10/13/81) 1.19% 1.05% 0.09% -1.61% 0.94% 2.58% -1.61% 0.94% 2.94% 3.70% 7.93% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (10/13/81) -6.25% -6.66% -8.15% % -2.73% -0.90% % -2.73% 0.73% 1.84% 6.00% MULTI-SECTOR FIXED INCOME Oppenheimer Strategic Bond Fund/VA, Service Shares 2 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (05/03/93) 1.50% -1.06% 0.80% -0.24% 4.76% 6.52% -0.24% 4.76% 6.45% 5.28% 5.21% Riders, with surrender charges for non-qual plans, 5-yr schedule (05/01/02) (05/03/93) -5.96% -8.71% -7.45% -9.23% 1.00% 4.03% -9.23% 1.00% 4.20% 3.39% 3.32% HIGH-YIELD FIXED INCOME Oppenheimer High Income Fund/VA, Service Shares 2 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (04/30/86) 0.40% -0.53% 2.19% 2.97% 5.90% 6.63% 2.97% 5.90% 5.39% 4.44% 8.25% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (04/30/86) -6.98% -8.18% -6.17% -6.16% 2.12% 5.99% -6.16% 2.12% 3.14% 2.56% 6.31% BALANCED AllianceBernstein VPS Balanced Portfolio (Class B) 3 Effective 5/1/06, previously AllianceBernstein VP Total Return Portfolio (Class B). No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (12/28/92) 1.33% -0.99% 1.22% 2.22% 5.81% 4.11% 2.22% 5.81% 2.24% 7.60% 7.73% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (12/28/92) -6.12% -8.65% -7.05% -6.84% 2.03% 5.18% -6.84% 2.03% 0.04% 5.68% 5.80% MFS Total Return Series - Service Class 4 No riders, without surrender charges for qual plans, 7-yr schedule (05/30/00) (01/03/95) 1.11% -0.92% 2.30% 2.65% 6.72% 3.85% 4.95% 2.65% 6.72% 3.85% 7.36% 8.98% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (01/03/95) -6.32% -8.58% -6.07% -6.45% 2.95% 5.53% -6.45% 2.95% 1.62% 5.43% 7.03% LARGE CAP STOCK AIM VI Basic Value Fund, Series II Shares 5, 6 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (09/10/01) -0.43% -5.05% -0.03% 5.57% 10.48% 3.73% 5.57% 10.48% 3.72% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (09/10/01) -7.78% % -8.28% -3.81% 6.77% 10.68% -3.81% 6.77% 1.47% AIM VI Core Equity Fund, Series II Shares 5, 6 Effective 4/28/06, AIM VI Premier Equity Fund, Series II Shares merged into AIM VI Core Equity Fund, Series II Shares. No riders, without surrender charges for qual plans, 7-yr schedule (04/28/06) (05/02/94) 0.55% -2.88% 9.29% 9.29% 1.13% 5.74% 7.84% Riders, with surrender charges for non-qual plans, 5-yr schedule (04/28/06) (05/02/94) -6.83% % -0.66% 5.57% -1.06% 3.84% 5.91% AllianceBernstein VPS Growth and Income Portfolio (Class B) 7, 8 Effective 5/1/06, previously AllianceBernstein VP Growth and Income Portfolio (Class B). No riders, without surrender charges for qual plans, 7-yr schedule (05/30/00) (01/14/91) 1.53% -2.41% 2.20% 5.09% 9.38% 1.75% 1.79% 5.09% 9.38% 1.75% 9.33% 9.85% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (01/14/91) -5.94% % -6.15% -4.25% 5.66% 9.92% -4.25% 5.66% -0.44% 7.37% 7.88% AllianceBernstein VPS Large Cap Growth Portfolio (Class B) 9 Effective 5/1/06, previously AllianceBernstein VP Large Cap Growth Portfolio (Class B) No riders, without surrender charges for qual plans, 7-yr schedule (05/30/00) (06/26/92) -3.29% % % 5.36% 7.76% -2.85% -7.00% 5.36% 7.76% -2.85% 6.06% 9.08% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (06/26/92) % % % -4.01% 4.01% 7.13% -4.01% 4.01% -5.04% 4.16% 7.13% 10, 11 Fidelity VIP Contrafund Portfolio Service Class 2 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (01/03/95) -1.53% -4.85% 1.81% 15.97% 16.61% 10.41% 15.97% 16.61% 8.39% 10.33% 12.78% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (01/03/95) -8.88% % -6.52% 5.89% 12.97% 15.48% 5.89% 12.97% 6.13% 8.36% 10.76% Fidelity VIP Growth Portfolio Service Class 2 10 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (10/09/86) -2.33% -6.98% -2.92% 6.67% 7.24% 1.41% 6.67% 7.24% -2.80% 4.93% 9.34% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (10/09/86) -9.68% % % -2.82% 3.48% 7.77% -2.82% 3.48% -4.99% 3.05% 7.38% Footnotes are placed at the end of the Performance Summary. 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4 Performance for Annuities for the Quarter End 6/30/06 and Month End 7/31/06. Riders = Maximum Anniversary Value Death Benefit Rider; Guaranteed Minimum Income Benefit 6% Rising Floor Rider; Benefit Protector SM Plus Death Benefit Rider. 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 7/31/06 7/31/06 7/31/06 1-yr. 3-yr. 5-yr. 10-yr. Inception** 1-yr. 3-yr. 5-yr. 10-yr. Inception** LARGE CAP STOCK (CONT.) FTVIPT Mutual Shares Securities Fund - Class 2 12 No riders, without surrender charges for qual plans, 7-yr schedule (05/30/00) (11/08/96) 0.44% -1.43% 5.66% 13.38% 13.22% 5.77% 8.13% 13.38% 13.22% 5.77% 8.58% Riders, with surrender charges for non-qual plans, 5-yr schedule (03/03/00) (11/08/96) -6.93% -9.09% -3.01% 3.35% 9.55% 3.53% 7.14% 3.35% 9.55% 3.53% 6.64% MFS Investors Growth Stock Series - Service Class 4 No riders, without surrender charges for qual plans, 7-yr schedule (05/30/00) (05/03/99) -2.60% -7.40% -4.28% 4.31% 5.73% -3.17% -6.40% 4.31% 5.73% -3.17% -1.29% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (05/03/99) -9.95% % % -4.95% 1.95% 6.03% -4.95% 1.95% -5.36% -3.06% Oppenheimer Capital Appreciation Fund/VA, Service Shares No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (04/03/85) -2.99% -8.07% -3.73% 6.02% 8.01% 2.78% 6.02% 8.01% -1.49% 7.67% 10.40% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (04/03/85) % % % -3.40% 4.27% 7.91% -3.40% 4.27% -3.68% 5.74% 8.42% Putnam VT Growth and Income Fund - Class IB Shares 14 No riders, without surrender charges for qual plans, 7-yr schedule (05/30/00) (02/01/88) -0.22% -3.25% 2.11% 6.91% 10.06% 2.26% 2.65% 6.91% 10.06% 2.26% 6.25% 9.73% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (02/01/88) -7.57% % -6.24% -2.60% 6.35% 9.92% -2.60% 6.35% 0.06% 4.35% 7.77% Putnam VT Research Fund - Class IB Shares 14 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (09/30/98) -1.61% -5.71% -0.49% 5.04% 8.24% 3.12% 5.04% 8.24% -0.75% 2.95% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (09/30/98) -8.96% % -8.72% -4.29% 4.50% 7.94% -4.29% 4.50% -2.94% 1.10% RiverSource SM Variable Portfolio - Diversified Equity Income Fund 1 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (09/15/99) -0.23% -3.24% 7.87% 19.97% 20.26% 11.52% 19.97% 20.26% 8.99% 7.66% Riders, with surrender charges for non-qual plans, 5-yr schedule (03/03/00) (09/15/99) -7.58% % -1.00% 9.82% 16.65% 6.73% 7.23% 9.82% 16.65% 6.73% 5.73% RiverSource SM Variable Portfolio - Growth Fund 1, 5 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (09/15/99) 0.22% -5.27% -1.24% 2.53% 6.46% 2.94% 2.53% 6.46% -3.50% -6.06% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (09/15/99) -7.14% % -9.46% -6.56% 2.69% 7.17% -6.56% 2.69% -5.70% -7.75% RiverSource SM Variable Portfolio - Large Cap Equity Fund 1 Effective 3/17/06, RiverSource SM Variable Portfolio - New Dimensions Fund merged into RiverSource SM Variable Portfolio - Large Cap Equity Fund. No riders, without surrender charges for qual plans, 7-yr schedule (03/17/06) (10/13/81) 0.85% -3.39% -4.07% 4.72% 7.22% 0.42% 3.45% 9.31% Riders, with surrender charges for non-qual plans, 5-yr schedule (03/03/00) (10/13/81) -6.56% % -7.14% -5.16% 3.45% -1.76% -6.36% -5.16% 3.45% -1.76% 1.59% 7.32% RiverSource SM Variable Portfolio - S&P 500 Index Fund 1 No riders, without surrender charges for qual plans, 7-yr schedule (05/30/00) (05/01/00) 0.47% -2.53% 2.44% 7.00% 9.52% 0.96% -1.82% 7.00% 9.52% 0.96% -2.28% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (05/01/00) -6.90% % -5.94% -2.52% 5.80% 9.29% -2.52% 5.80% -1.23% -4.03% MID CAP STOCK 5, 6, 15 AIM VI Capital Development Fund, Series II Shares No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (05/01/98) -3.58% -8.61% 4.08% 16.61% 16.05% 7.70% 16.61% 16.05% 5.03% 5.89% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (05/01/98) % % -4.45% 6.52% 12.40% 16.05% 6.52% 12.40% 2.79% 3.99% 5, 10, 15 Fidelity VIP Mid Cap Portfolio Service Class 2 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (12/28/98) -1.61% -6.94% 4.42% 21.09% 24.60% 15.18% 21.09% 24.60% 13.82% 18.51% Riders, with surrender charges for non-qual plans, 5-yr schedule (05/01/01) (12/28/98) -8.96% % -4.14% 10.92% 21.02% 11.52% 11.13% 10.92% 21.02% 11.52% 16.39% 16, 17 Putnam VT Vista Fund - Class IB Shares No riders, without surrender charges for qual plans, 7-yr schedule (05/30/00) (01/02/97) -5.61% % -4.60% 13.04% 14.88% 0.26% -5.25% 13.04% 14.88% 0.26% 5.25% Riders, with surrender charges for non-qual plans, 5-yr schedule (03/03/00) (01/02/97) % % % 3.01% 11.23% -1.93% -9.78% 3.01% 11.23% -1.93% 3.38% WORLD STOCK Oppenheimer Global Securities Fund/VA, Service Shares 5 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (11/12/90) -1.22% -6.52% 1.95% 17.61% 20.42% 10.38% 17.61% 20.42% 7.29% 12.09% 10.94% Riders, with surrender charges for non-qual plans, 5-yr schedule (05/01/02) (11/12/90) -8.57% % -6.39% 7.50% 16.82% 7.81% 7.50% 16.82% 5.04% 10.08% 8.95% INTERNATIONAL STOCK 5, 10 Fidelity VIP Overseas Portfolio Service Class 2 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (01/28/87) -0.48% -5.76% 4.25% 26.04% 21.29% 10.01% 26.04% 21.29% 6.43% 5.74% 6.18% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (01/28/87) -7.83% % -4.29% 15.79% 17.69% 20.32% 15.79% 17.69% 4.19% 3.84% 4.28% 18, 19, 20 FTVIPT Templeton Foreign Securities Fund - Class 2 No riders, without surrender charges for qual plans, 7-yr schedule (05/30/00) (05/01/92) 1.11% -2.62% 7.75% 17.87% 18.58% 5.64% 3.28% 17.87% 18.58% 5.64% 6.67% 8.50% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (05/01/92) -6.33% % -1.10% 7.76% 14.96% 16.61% 7.76% 14.96% 3.40% 4.76% 6.56% 5, 21 Putnam VT International Equity Fund - Class IB Shares No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (01/02/97) 0.85% -4.68% 10.53% 24.06% 19.04% 8.97% 24.06% 19.04% 5.99% 8.56% Riders, with surrender charges for non-qual plans, 5-yr schedule (03/03/00) (01/02/97) -6.56% % 1.43% 13.84% 15.43% 3.75% -2.59% 13.84% 15.43% 3.75% 6.62% Page 3 of 6

5 Performance for Annuities for the Quarter End 6/30/06 and Month End 7/31/06. Riders = Maximum Anniversary Value Death Benefit Rider; Guaranteed Minimum Income Benefit 6% Rising Floor Rider; Benefit Protector SM Plus Death Benefit Rider. 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 7/31/06 7/31/06 7/31/06 1-yr. 3-yr. 5-yr. 10-yr. Inception** 1-yr. 3-yr. 5-yr. 10-yr. Inception** SMALL CAP STOCK 16, 22 FTVIPT Franklin Small Cap Value Securities Fund - Class 2 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (05/01/98) -3.47% -6.28% 6.44% 17.39% 20.41% 11.09% 17.39% 20.41% 11.46% 7.82% Riders, with surrender charges for non-qual plans, 5-yr schedule (05/01/02) (05/01/98) % % -2.30% 7.29% 16.81% 8.11% 7.29% 16.81% 9.18% 5.88% 16, 22, 23 FTVIPT Franklin Small-Mid Cap Growth Securities Fund - Class 2 No riders, without surrender charges for qual plans, 7-yr schedule (05/30/00) (11/01/95) -3.27% -8.98% -1.38% 9.72% 12.19% 1.23% -2.76% 9.72% 12.19% 1.23% 6.61% 8.08% Riders, with surrender charges for non-qual plans, 5-yr schedule (03/03/00) (11/01/95) % % -9.61% -0.06% 8.50% -0.96% -9.06% -0.06% 8.50% -0.96% 4.70% 6.14% 4, 15 MFS New Discovery Series - Service Class No riders, without surrender charges for qual plans, 7-yr schedule (05/30/00) (05/01/98) -4.44% % -3.33% 10.43% 9.24% -1.12% -1.14% 10.43% 9.24% -1.12% 5.60% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (05/01/98) % % % 0.58% 5.51% 9.15% 0.58% 5.51% -3.31% 3.71% Oppenheimer Main Street Small Cap Growth Fund/VA, Service Shares 15 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (05/01/98) -4.41% -9.59% 2.62% 16.72% 19.34% 11.78% 16.72% 19.34% 10.42% 7.48% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (05/01/98) % % -5.78% 6.63% 15.73% 19.27% 6.63% 15.73% 8.15% 5.55% RiverSource SM 1, 15 Variable Portfolio - Small Cap Value Fund No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (08/14/01) -2.47% -5.52% 6.69% 15.88% 18.83% 9.92% 15.88% 18.83% 11.79% Riders, with surrender charges for non-qual plans, 5-yr schedule (05/01/02) (08/14/01) -9.82% % -2.07% 5.81% 15.22% 7.28% 5.81% 15.22% 9.50% SPECIALTY/SECTOR AllianceBernstein VPS Global Technology Portfolio (Class B) 16 Effective 5/1/06, previously AllianceBernstein VP Global Technology Portfolio (Class B) No riders, without surrender charges for qual plans, 7-yr schedule (05/30/00) (01/11/96) -4.19% % -9.06% 3.79% 7.17% -6.42% % 3.79% 7.17% -6.42% 4.59% 4.24% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (01/11/96) % % % -5.42% 3.41% 7.83% -5.42% 3.41% -8.63% 2.71% 2.37% 24, 25 FTVIPT Franklin Real Estate Fund - Class 2 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (01/24/89) -0.62% -2.95% 0.95% 6.81% 20.36% 16.57% 6.81% 20.36% 15.25% 12.20% 11.09% Riders, with surrender charges for non-qual plans, 5-yr schedule (03/03/00) (01/24/89) -7.97% % -7.30% -2.69% 16.75% 12.94% 16.14% -2.69% 16.75% 12.94% 10.19% 9.10% MFS Utilities Series - Service Class 4 No riders, without surrender charges for qual plans, 7-yr schedule (05/21/02) (01/03/95) 3.56% 5.31% 11.60% 15.59% 21.24% 16.59% 15.59% 21.24% 6.50% 11.23% 12.80% Riders, with surrender charges for non-qual plans, 5-yr schedule (01/29/03) (01/03/95) -4.07% -2.75% 2.43% 5.52% 17.64% 21.92% 5.52% 17.64% 4.26% 9.23% 10.78% Page 4 of 6

6 Issued by American Enterprise Life Insurance Company (AEL) 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. AEL 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 As of Oct. 1, 2005, the RiverSource brand replaced American Express and AXP in the name of the American Express Variable Portfolio Funds. In addition to the brand name change, the following funds changed their names: AXP Variable Portfolio - Equity Select Fund changed its name to RiverSource SM Variable Portfolio - Mid Cap Growth Fund, AXP Variable Portfolio - Managed Fund changed its name to RiverSource SM Variable Portfolio - Balanced Fund, AXP Variable Portfolio - Partners Select Value Fund changed its name to RiverSource SM Variable Portfolio - Select Value Fund, AXP Variable Portfolio - Partners Small Cap Value Fund changed its name to RiverSource SM Variable Portfolio - Small Cap Value Fund, AXP Variable Portfolio - Threadneedle Emerging Markets Fund changed its name to RiverSource SM Variable Portfolio - Emerging Markets Fund and AXP Variable Portfolio - Threadneedle International Fund changed its name to RiverSource SM Variable Portfolio - International Opportunity Fund. 2 Investments in low-grade corporate bonds have a higher default risk, less liquidity, and greater sensitivity to changes in the economy than investment-grade securities. 3 Because Class B shares were not offered until Oct. 26, 2001, standardized Class A fund performance for prior periods represents historical results of Class A shares. For periods beginning Oct. 26, 2001 Class B's results reflect an additional 12b-1 fee expense, which also affects future performance. 4 Service Class shares carry 0.25% annual Rule 12b-1 fee. Service Class shares include the performance of Initial Class shares for periods prior to the inception of Service Class shares. Because operating expenses of Service Class shares are higher than those of Initial Class, the Service Class performance generally would have been lower than Initial Class performance. Page 5 of 6 5 There are special risk considerations associated with international investing related to market, currency, economic, political and other factors. 6 Performance shown for periods prior to the inception date of the Series II class of shares reflect the historical results of the Series I class, adjusted to reflect the impact that the Series II class Rule 12b-1 plan would have had if the Series II class had then existed. The Series I and Series II share classes invest in the same portfolio of securities and will have substantially similar performance, except to the extent that expenses borne by each class differ. 7 Because Class B shares were not offered until June 1, 1999, standardized Class A fund performance for prior periods represents historical results of Class A shares. For periods beginning June 1, 1999, Class B's results reflect an additional 12b-1 fee expense, which also affects future performance. 8 The Portfolio's investments in foreign securities have foreign currency risk. 9 Because Class B shares were not offered until Jan.14, 1999, standardized Class A fund performance for prior periods represents historical results of Class A shares. For periods beginning Jan.14, 1999, Class B's results reflect an additional 12b-1 fee expense, which also affects future performance. 10 Initial offering of the Service Class 2 of each fund took place on Jan. 12, Returns prior to Jan. 12, 2000 through Nov. 3, 1997 (Jan. 12, 2000 through Dec. 28, 1998 for VIP Mid Cap) are those of the Service Class, which reflect a 12b-1 fee of 0.10%. Service Class 2 returns prior to Nov. 3, 1997 (or Dec. 28, 1998 for VIP Mid Cap) are those of the Initial Class, which has no 12b-1 fee. If Service Class 2's 12b-1 fee of 0.25% had been reflected, returns prior to Jan. 12, 2000 would have been lower. 11 The securities of small, less well-known companies may be more volatile than those of larger companies. 12 Ongoing stock market volatility can dramatically change the fund s shortterm performance; current results may differ. Because Class 2 shares were not offered until Jan. 6, 1999, standardized Class 2 Fund performance for prior periods represents historical results of Class 1 shares. For periods beginning Jan. 6, 1999 Class 2 s results reflect an additional 12b-1 fee expense, which also affects future performance.

7 13 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%. 14 The fund s performance reflects a voluntary expense limitation currently or previously in effect. Had it not been in effect the fund s total return would have been lower. This fund was formerly offered on a limited basis and had limited assets. 15 Stocks of small- or medium-sized companies may be subject to more abrupt or erratic price movements than stocks of larger companies. Some of these companies also have fewer financial resources. 16 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, Stocks of small- or medium-sized companies often trade less frequently and in limited volume, and their prices may fluctuate more than stocks of larger companies. Some of these companies are more likely than larger companies to have limited product lines, markets or financial resources, or to depend on a small, inexperienced management group. 18 Ongoing stock market volatility can dramatically change the fund s short-term performance; current results may differ. Performance prior to the May 1, 2000 merger reflects the historical performance of the Templeton International Fund. In addition, for periods beginning on May 1, 1997, Class 2 Fund performance reflects an additional 12b-1 fee expense, which also affects future performance. 19 Stocks offer the potential for long-term gains but can be subject to short-term up and down price movements. Foreign investing involves special risks including currency fluctuations, economic instability, and social and political developments. 20 Emerging markets involve heightened risks. 21 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, Small or relatively new or unseasoned companies can be particularly sensitive to changing economic conditions, and their prospects for growth are less certain than those of larger, more established companies. 23 The technology sector has been among the most volatile market sectors. 24 Ongoing stock market volatility can dramatically change the fund s short-term performance; current results may differ. Because Class 2 shares were not offered until Jan. 6, 1999, standardized Class 2 Fund performance for prior periods represents historical results of Class 1 shares. For periods beginning Jan. 6, 1999, Class 2 s results reflect an additional 12b-1 fee expense, which also affects future performance. 25 Stocks offer the potential for long-term gains but can be subject to short-term up and down price movements. Small and midsize company securities can increase the risk of greater price fluctuation particularly over the short term. American Enterprise Life Insurance Company California State Insurance License Number American Enterprise Life Insurance Company 829 Ameriprise Financial Center Minneapolis, MN Ameriprise Financial, Inc. All rights reserved. Ameriprise Financial Services, Inc. (Distributor), Member NASD, a whollyowned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). RiverSource SM insurance and annuity branded products are issued by American Enterprise Life Insurance Company, an Ameriprise Financial company. Page 6 of 6