RiverSource FlexChoice Select Variable Annuity (Contract Option L)

Transcription

1 RiverSource FlexChoice Select Variable Annuity (Contract Option L) Issued by RiverSource Life Insurance Company (RiverSource Life) Individual Flexible Premium Deferred Combination Fixed/Variable Annuity Performance for Annuities for the Quarter End 9/30/07 and Month End 11/30/07. 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 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: Least Expensive: 1.70% total base variable account expense and a $40 contract administrative charge. Most Expensive: 1.75% total base variable account expense, a $40 contract administrative charge, a 0.55% Guaranteed Minimum Income Benefit rider fee based on benefit base, a 0.30% Enhanced Death Benefit rider fee, a 0.40% Benefit Protector Plus Death Benefit rider fee, a 0.85% SecureSource SM Joint Life rider fee, and a declining 8% withdrawal charge on purchase payments less than five 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 financial professional 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 8

2 CASH EQUIVALENTS* RiverSource Variable Portfolio - Cash Management Fund No riders, without withdrawal charges (03/01/02) (10/13/81) 0.19% 0.71% 2.80% 3.03% 2.11% 0.81% 0.62% 3.03% 2.11% 0.81% 1.61% 3.68% Riders, with withdrawal charges (04/30/04) (10/13/81) -7.13% -6.88% -5.87% -5.78% -1.52% -1.41% -5.78% -1.52% -0.68% 0.10% 2.16% RiverSource Variable Portfolio-Cash Management Fund s seven-day simple yield was 4.91% and its seven-day compound yield was 5.03% as of quarter-end 9/30/07, as of month-end 11/30/07, its seven-day simple yield was 4.39% and its seven-day compound yield was 4.49%. SHORT-TERM FIXED INCOME RiverSource Variable Portfolio - Short Duration US Government Fund No riders, without withdrawal charges (03/03/00) (09/15/99) 0.56% 1.57% 3.46% 3.36% 1.81% 1.01% 2.43% 3.36% 1.81% 1.01% 2.34% Riders, with withdrawal charges (04/30/04) (09/15/99) -6.79% -6.10% -5.28% -5.49% -1.82% -1.62% -5.49% -1.82% -0.47% 0.83% LONG-/INTERMEDIATE-TERM FIXED INCOME American Century VP Inflation Protection, Class II 1 No riders, without withdrawal charges (04/30/04) (12/31/02) 3.22% 4.98% 7.95% 6.12% 2.87% 3.41% 6.12% 2.87% 3.10% Riders, with withdrawal charges (04/30/04) (12/31/02) -4.35% -2.97% -1.21% -2.99% -0.81% 0.33% -2.99% -0.81% 1.59% Eaton Vance VT Floating-Rate Income Fund No riders, without withdrawal charges (05/01/07) (05/02/01) -1.39% 0.63% -2.00% 0.18% 1.81% 1.52% 0.96% Riders, with withdrawal charges (05/01/07) (05/02/01) -8.70% -6.96% % -9.27% -1.82% 0.05% -0.52% Fidelity VIP Investment Grade Bond Portfolio Service Class 2 No riders, without withdrawal charges (04/30/04) (12/05/88) 1.21% 1.99% 2.36% 1.57% 1.86% 2.20% 1.57% 1.86% 2.50% 3.85% 5.06% Riders, with withdrawal charges (04/30/04) (12/05/88) -6.20% -5.70% -6.28% -7.10% -1.77% -0.83% -7.10% -1.77% 1.01% 2.34% 3.53% RiverSource Variable Portfolio - Diversified Bond Fund No riders, without withdrawal charges (03/01/02) (10/13/81) 0.60% 2.11% 3.28% 2.98% 2.34% 2.72% 2.56% 2.98% 2.34% 2.72% 2.50% 7.03% Riders, with withdrawal charges (04/30/04) (10/13/81) -6.76% -5.60% -5.44% -5.83% -1.31% -0.41% -5.83% -1.31% 1.23% 1.01% 5.47% RiverSource Variable Portfolio - Global Inflation Protected Securities Fund No riders, without withdrawal charges (05/01/06) (09/13/04) 2.65% 4.31% 6.11% 4.01% 5.46% 4.01% 2.69% 2.75% Riders, with withdrawal charges (05/01/06) (09/13/04) -4.87% -3.58% -2.88% -4.89% -0.87% -4.89% -0.97% -0.48% MULTI-SECTOR FIXED INCOME Oppenheimer Strategic Bond Fund/VA, Service Shares No riders, without withdrawal charges (05/01/02) (05/03/93) 0.91% 4.56% 7.63% 7.89% 5.10% 7.34% 6.74% 7.89% 5.10% 7.34% 4.68% 5.01% Riders, with withdrawal charges (04/30/04) (05/03/93) -6.47% -3.35% -1.49% -1.37% 1.36% 2.69% -1.37% 1.36% 5.82% 3.16% 3.48% INTERNATIONAL FIXED INCOME FTVIPT Templeton Global Income Securities Fund - Class 2 No riders, without withdrawal charges (04/30/04) (01/24/89) -1.41% 5.30% 8.86% 9.35% 5.36% 8.25% 9.35% 5.36% 10.43% 6.45% 6.12% Riders, with withdrawal charges (04/30/04) (01/24/89) -8.73% -2.67% -0.37% -0.05% 1.61% 5.25% -0.05% 1.61% 8.82% 4.87% 4.56% HIGH-YIELD FIXED INCOME Columbia High Yield Fund, Variable Series, Class B No riders, without withdrawal charges (04/28/06) (07/07/00) -1.84% 1.10% -0.08% 1.01% 3.99% 1.01% 3.71% 9.52% 6.16% Riders, with withdrawal charges (04/28/06) (07/07/00) -9.16% -6.52% -8.61% -7.65% -2.20% -7.65% 0.02% 7.93% 4.62% RiverSource Variable Portfolio - High Yield Bond Fund No riders, without withdrawal charges (03/03/00) (05/01/96) -2.65% -0.04% -0.20% 1.05% 3.88% 8.36% 3.11% 1.05% 3.88% 8.36% 2.23% 3.24% Riders, with withdrawal charges (04/30/04) (05/01/96) -9.97% -7.60% -8.73% -7.62% 0.19% 2.24% -7.62% 0.19% 6.80% 0.67% 1.65% RiverSource Variable Portfolio - Income Opportunities Fund No riders, without withdrawal charges (06/01/04) (06/01/04) -2.07% 0.49% 0.47% 1.33% 2.95% 4.90% 1.33% 2.95% 4.90% Riders, with withdrawal charges (06/01/04) (06/01/04) -9.39% -7.08% -8.07% -7.34% -0.72% 1.76% -7.34% -0.72% 1.76% BALANCED AllianceBernstein VPS Balanced Portfolio (Class B) 1, 2 No riders, without withdrawal charges (04/30/04) (12/28/92) -1.85% 0.11% 1.39% 2.57% 5.02% 5.43% 2.57% 5.02% 6.84% 5.39% 7.09% Riders, with withdrawal charges (04/30/04) (12/28/92) -9.18% -7.46% -7.16% -6.19% 1.28% 2.35% -6.19% 1.28% 5.29% 3.85% 5.52% FTVIPT Franklin Income Securities Fund - Class 2 2 No riders, without withdrawal charges (03/03/00) (01/24/89) -3.02% -0.10% 2.12% 3.11% 6.77% 11.67% 8.79% 3.11% 6.77% 11.67% 6.84% 8.40% Riders, with withdrawal charges (04/30/04) (01/24/89) % -7.66% -6.49% -5.71% 3.07% 5.30% -5.71% 3.07% 10.07% 5.28% 6.82% Footnotes are placed at the end of the Performance Summary. Page 2 of 8

3 BALANCED (CONT.) MFS Total Return Series - Service Class 4 No riders, without withdrawal charges (03/01/02) (01/03/95) -2.61% 0.63% 2.68% 3.54% 5.18% 6.68% 4.71% 3.54% 5.18% 6.68% 5.28% 8.22% Riders, with withdrawal charges (04/30/04) (01/03/95) -9.94% -6.96% -5.99% -5.32% 1.44% 3.09% -5.32% 1.44% 5.14% 3.75% 6.63% PIMCO VIT All Asset Portfolio, Advisor Share Class No riders, without withdrawal charges (05/01/07) (04/30/03) -0.73% 4.82% 3.32% 4.88% 4.94% 7.08% Riders, with withdrawal charges (05/01/07) (04/30/03) -8.06% -3.12% -4.95% -4.63% 1.20% 5.53% LARGE CAP STOCK AIM VI Basic Value Fund, Series II Shares 1, 5 No riders, without withdrawal charges (07/31/02) (09/10/01) -5.07% -1.54% 0.73% 3.40% 6.21% 9.15% 8.97% 3.40% 6.21% 9.15% 4.16% Riders, with withdrawal charges (04/30/04) (09/10/01) % -9.10% -7.81% -5.45% 2.50% 3.33% -5.45% 2.50% 7.57% 2.57% AIM V.I. Capital Appreciation Fund, Series II Shares No riders, without withdrawal charges (03/01/02) (05/05/93) -4.92% 3.19% 11.00% 11.11% 8.19% 8.76% 4.10% 11.11% 8.19% 8.76% 2.84% 7.17% Riders, with withdrawal charges (04/30/04) (05/05/93) % -4.61% 1.53% 1.50% 4.53% 5.24% 1.50% 4.53% 7.19% 1.08% 5.33% AllianceBernstein VPS Growth and Income Portfolio (Class B) 6 No riders, without withdrawal charges (08/30/02) (01/14/91) -2.58% 0.42% 3.60% 6.66% 8.26% 10.54% 10.11% 6.66% 8.26% 10.54% 6.88% 9.40% Riders, with withdrawal charges (04/30/04) (01/14/91) -9.92% -7.15% -5.16% -2.49% 4.60% 5.17% -2.49% 4.60% 8.95% 5.30% 7.77% American Century VP Ultra, Class II No riders, without withdrawal charges (04/30/04) (05/01/01) -2.69% 9.25% 17.76% 18.07% 5.16% 5.26% 18.07% 5.16% 7.00% 0.99% Riders, with withdrawal charges (04/30/04) (05/01/01) % 0.95% 8.20% 8.36% 1.39% 2.17% 8.36% 1.39% 5.44% -0.63% Columbia Marsico Growth Fund, Variable Series, Class A No riders, without withdrawal charges (05/01/07) (03/27/98) -5.27% 7.52% 12.00% 17.36% 10.35% 11.59% 6.87% Riders, with withdrawal charges (05/01/07) (03/27/98) % -0.64% 3.05% 7.66% 6.74% 9.98% 4.97% Dreyfus VIF Appreciation Portfolio Service Share 1, 4 No riders, without withdrawal charges (04/30/04) (04/05/93) -1.71% 2.58% 6.30% 8.46% 8.66% 7.05% 8.46% 8.66% 7.82% 4.20% 8.35% Riders, with withdrawal charges (04/30/04) (04/05/93) -9.05% -5.17% -2.70% -0.86% 5.01% 4.02% -0.86% 5.01% 6.26% 2.54% 6.67% Goldman Sachs VIT Structured U.S. Equity Fund - Institutional Shares 7 No riders, without withdrawal charges (03/03/00) (02/13/98) -5.42% -2.06% -2.11% -1.03% 5.41% 9.24% -0.10% -1.03% 5.41% 9.24% 2.98% Riders, with withdrawal charges (05/01/07) (02/13/98) % -9.62% % % 1.68% 7.67% 1.30% Janus Aspen Series Large Cap Growth Portfolio: Service Shares 8 No riders, without withdrawal charges (05/01/07) (09/13/93) -4.21% 4.58% 5.17% 12.77% 9.22% 8.77% 3.45% 6.98% Riders, with withdrawal charges (05/01/07) (09/13/93) % -3.34% -3.26% 3.14% 5.59% 7.20% 1.53% 4.99% MFS Investors Growth Stock Series - Service Class 1, 4 No riders, without withdrawal charges (04/30/04) (05/03/99) -2.75% 4.20% 10.13% 10.08% 7.48% 7.42% 10.08% 7.48% 7.25% 0.31% Riders, with withdrawal charges (04/30/04) (05/03/99) % -3.68% 0.77% 0.61% 3.80% 4.39% 0.61% 3.80% 5.69% -1.65% Oppenheimer Capital Appreciation Fund/VA, Service Shares No riders, without withdrawal charges (08/30/02) (04/03/85) -5.03% 3.43% 12.35% 11.66% 8.12% 8.78% 9.34% 11.66% 8.12% 8.78% 5.39% 9.90% Riders, with withdrawal charges (04/30/04) (04/03/85) % -4.38% 2.86% 2.04% 4.46% 4.82% 2.04% 4.46% 7.21% 3.70% 8.17% RiverSource Variable Portfolio - Diversified Equity Income Fund No riders, without withdrawal charges (03/03/00) (09/15/99) -4.54% -0.29% 6.84% 8.31% 13.42% 16.83% 8.99% 8.31% 13.42% 16.83% 7.69% Riders, with withdrawal charges (04/30/04) (09/15/99) % -7.85% -2.21% -1.00% 9.88% 11.74% -1.00% 9.88% 15.15% 6.06% RiverSource Variable Portfolio - Fundamental Value Fund No riders, without withdrawal charges (05/01/07) (05/01/06) -3.72% 1.32% -0.39% 4.95% 6.94% Riders, with withdrawal charges (05/01/07) (05/01/06) % -6.32% -8.44% -4.57% 0.54% RiverSource Variable Portfolio - Growth Fund No riders, without withdrawal charges (04/30/04) (09/15/99) -3.83% 2.17% 5.33% 7.41% 8.36% 8.08% 7.41% 8.36% 7.90% -3.78% Riders, with withdrawal charges (04/30/04) (09/15/99) % -5.54% -3.59% -1.82% 4.71% 5.06% -1.82% 4.71% 6.33% -6.16% RiverSource Variable Portfolio - Large Cap Equity Fund No riders, without withdrawal charges (03/03/00) (10/13/81) -4.26% 0.45% 3.42% 5.52% 8.38% 8.55% -2.48% 5.52% 8.38% 8.55% 1.96% 8.70% Riders, with withdrawal charges (04/30/04) (10/13/81) % -7.12% -5.31% -3.52% 4.73% 4.33% -3.52% 4.73% 6.99% 0.15% 6.99% RiverSource Variable Portfolio - Large Cap Value Fund 1 No riders, without withdrawal charges (04/30/04) (02/04/04) -5.02% -2.14% -0.49% 1.94% 7.37% 8.08% 1.94% 7.37% 7.17% Riders, with withdrawal charges (04/30/04) (02/04/04) % -9.70% -9.01% -6.77% 3.69% 5.06% -6.77% 3.69% 4.24% RiverSource Variable Portfolio - S&P 500 Index Fund No riders, without withdrawal charges (04/30/04) (05/01/00) -4.37% 0.41% 4.13% 5.41% 7.70% 8.07% 5.41% 7.70% 9.19% -0.48% Riders, with withdrawal charges (04/30/04) (05/01/00) % -7.15% -4.67% -3.63% 4.03% 5.06% -3.63% 4.03% 7.61% -2.23% Van Kampen LIT Comstock Portfolio Class II Shares 9 No riders, without withdrawal charges (08/30/02) (04/30/99) -3.14% -1.54% -0.25% 2.41% 6.28% 10.52% 10.58% 2.41% 6.28% 10.52% 5.29% Riders, with withdrawal charges (04/30/04) (04/30/99) % -9.10% -8.77% -6.35% 2.57% 5.02% -6.35% 2.57% 8.93% 3.68% Page 3 of 8

4 MID-CAP STOCK AIM VI Capital Development Fund, Series II Shares 5 No riders, without withdrawal charges (08/30/02) (05/01/98) -5.32% 0.95% 9.30% 8.61% 11.80% 14.06% 13.01% 8.61% 11.80% 14.06% 6.01% Riders, with withdrawal charges (04/30/04) (05/01/98) % -6.66% 0.02% -0.73% 8.22% 8.84% -0.73% 8.22% 12.42% 4.36% AIM VI Mid Cap Core Equity Fund, Series II Shares 1, 5 No riders, without withdrawal charges (04/30/04) (09/10/01) -2.56% 3.00% 7.30% 8.27% 8.04% 8.33% 8.27% 8.04% 10.50% 7.87% Riders, with withdrawal charges (04/30/04) (09/10/01) -9.89% -4.78% -1.79% -1.03% 4.38% 5.32% -1.03% 4.38% 8.90% 6.29% American Century VP Mid Cap Value, Class II No riders, without withdrawal charges (05/01/07) (10/29/04) -3.99% -4.95% -8.77% -0.37% 9.48% 11.43% Riders, with withdrawal charges (05/01/07) (10/29/04) % % % -9.82% 5.85% 8.19% Dreyfus IP MidCap Stock Portfolio Service Shares 1, 4 No riders, without withdrawal charges (04/30/04) (05/01/98) -5.88% -3.01% 0.11% -0.25% 5.51% 7.42% -0.25% 5.51% 9.94% 4.12% Riders, with withdrawal charges (04/30/04) (05/01/98) % % -8.42% -8.91% 1.76% 4.38% -8.91% 1.76% 8.34% 2.57% Fidelity VIP Mid Cap Portfolio Service Class 2 10 No riders, without withdrawal charges (05/01/01) (12/28/98) -5.62% 2.66% 13.24% 12.10% 14.16% 19.46% 12.41% 12.10% 14.16% 19.46% 16.86% Riders, with withdrawal charges (04/30/04) (12/28/98) % -5.09% 3.74% 2.48% 10.63% 14.46% 2.48% 10.63% 17.74% 15.14% FTVIPT Franklin Rising Dividends Securities Fund - Class 2 1 No riders, without withdrawal charges (04/30/04) (01/27/92) -3.65% -3.55% -2.53% -2.05% 5.50% 6.35% -2.05% 5.50% 8.52% 6.38% 8.39% Riders, with withdrawal charges (04/30/04) (01/27/92) % % % % 1.75% 3.30% % 1.75% 6.94% 4.83% 6.79% Goldman Sachs VIT Mid Cap Value Fund - Institutional Shares 7 Effective 5/1/07, previously Goldman Sachs VIT Mid Cap Value Fund. No riders, without withdrawal charges (03/03/00) (05/01/98) -5.41% -1.65% 0.44% 0.14% 9.58% 14.22% 14.71% 0.14% 9.58% 14.22% 8.57% Riders, with withdrawal charges (04/30/04) (05/01/98) % -9.21% -8.09% -8.51% 5.95% 9.52% -8.51% 5.95% 12.58% 6.95% 1, 11 Putnam VT Vista Fund - Class IB Shares No riders, without withdrawal charges (03/03/00) (01/02/97) -6.82% -1.43% 1.24% 0.35% 6.40% 10.38% -6.74% 0.35% 6.40% 10.38% 3.00% 4.31% Riders, with withdrawal charges (04/30/04) (01/02/97) % -8.99% -7.31% -8.31% 2.69% 5.30% -8.31% 2.69% 8.78% 1.18% 2.38% RiverSource Variable Portfolio - Mid Cap Growth Fund 1 No riders, without withdrawal charges (08/30/02) (05/01/01) -6.67% 3.19% 13.07% 12.30% 7.43% 8.39% 9.17% 12.30% 7.43% 8.39% 3.92% Riders, with withdrawal charges (04/30/04) (05/01/01) % -4.61% 3.57% 2.67% 3.74% 4.52% 2.67% 3.74% 6.82% 2.36% RiverSource Variable Portfolio - Mid Cap Value Fund No riders, without withdrawal charges (05/01/07) (05/02/05) -5.65% -0.03% -0.82% 8.15% 15.14% Riders, with withdrawal charges (05/01/07) (05/02/05) % -7.59% -8.87% -1.41% 11.20% RiverSource Variable Portfolio - Select Value Fund No riders, without withdrawal charges (04/30/04) (02/04/04) -4.12% -0.08% 6.73% 6.77% 7.52% 8.12% 6.77% 7.52% 7.97% Riders, with withdrawal charges (04/30/04) (02/04/04) % -7.64% -2.30% -2.39% 3.84% 5.11% -2.39% 3.84% 5.06% Van Kampen UIF Mid Cap Growth Portfolio, Class II Shares 9 No riders, without withdrawal charges (05/01/07) (10/18/99) -5.69% 8.89% 13.63% 22.31% 16.34% 18.47% 5.00% Riders, with withdrawal charges (05/01/07) (10/18/99) % 0.62% 4.67% 12.54% 12.86% 16.75% 2.93% MULTI-CAP STOCK American Century VP Value, Class II 12 No riders, without withdrawal charges (04/30/04) (05/01/96) -4.05% -5.40% -4.43% -2.89% 5.98% 6.49% -2.89% 5.98% 9.50% 6.34% 8.19% Riders, with withdrawal charges (04/30/04) (05/01/96) % % % % 2.25% 3.43% % 2.25% 7.91% 4.79% 6.59% Fidelity VIP Contrafund Portfolio Service Class 2 10 No riders, without withdrawal charges (08/30/02) (01/03/95) -4.43% 5.84% 14.94% 14.92% 13.96% 15.37% 13.97% 14.92% 13.96% 15.37% 8.62% 12.35% Riders, with withdrawal charges (04/30/04) (01/03/95) % -2.18% 5.42% 5.25% 10.42% 11.25% 5.25% 10.42% 13.71% 6.97% 10.65% 1, 10 Fidelity VIP Growth Portfolio Service Class 2 No riders, without withdrawal charges (03/01/02) (10/09/86) -5.28% 8.04% 23.98% 22.77% 11.50% 10.33% 4.02% 22.77% 11.50% 10.33% 4.74% 9.39% Riders, with withdrawal charges (04/30/04) (10/09/86) % -0.16% 14.33% 12.99% 7.92% 6.98% 12.99% 7.92% 8.73% 2.90% 7.59% FTVIPT Mutual Shares Securities Fund - Class 2 1, 3 No riders, without withdrawal charges (03/03/00) (11/08/96) -3.01% 0.38% 3.36% 5.86% 10.31% 11.97% 8.67% 5.86% 10.31% 11.97% 7.33% 8.13% Riders, with withdrawal charges (04/30/04) (11/08/96) % -7.18% -5.37% -3.22% 6.70% 7.53% -3.22% 6.70% 10.36% 5.76% 6.55% Page 4 of 8

5 SMALL-CAP STOCK Columbia Small Cap Value Fund, Variable Series, Class B No riders, without withdrawal charges (04/30/04) (05/19/98) -6.34% -5.02% -3.80% -3.08% 6.29% 9.34% -3.08% 6.29% 13.37% 7.57% Riders, with withdrawal charges (04/30/04) (05/19/98) % % % % 2.56% 6.34% % 2.56% 11.72% 5.96% FTVIPT Franklin Small-Mid Cap Growth Securities Fund - Class 2 1, 3 No riders, without withdrawal charges (03/03/00) (11/01/95) -7.91% -0.71% 9.15% 7.60% 7.24% 10.40% -4.95% 7.60% 7.24% 10.40% 4.86% 7.67% Riders, with withdrawal charges (04/30/04) (11/01/95) % -8.27% -0.11% -1.65% 3.55% 4.85% -1.65% 3.55% 8.81% 3.16% 5.78% Legg Mason Partners Variable Small Cap Growth Portfolio, Class I 13 No riders, without withdrawal charges (05/01/07) (11/08/99) -7.52% 1.49% 1.15% 7.47% 7.68% 13.34% 6.34% Riders, with withdrawal charges (05/01/07) (11/08/99) % -6.17% -6.93% -2.08% 4.01% 11.70% 4.72% MFS New Discovery Series - Service Class 1, 4 No riders, without withdrawal charges (03/01/02) (05/01/98) -8.43% -3.34% 1.26% 0.94% 6.28% 8.49% 2.53% 0.94% 6.28% 8.49% 5.33% Riders, with withdrawal charges (04/30/04) (05/01/98) % % -7.29% -7.72% 2.57% 2.91% -7.72% 2.57% 6.92% 3.56% Oppenheimer Main Street Small Cap Fund/VA, Service Shares No riders, without withdrawal charges (07/31/02) (05/01/98) -7.36% -3.94% -2.19% -2.07% 7.06% 13.24% 12.54% -2.07% 7.06% 13.24% 6.03% Riders, with withdrawal charges (04/30/04) (05/01/98) % % % % 3.36% 6.88% % 3.36% 11.61% 4.41% Putnam VT Small Cap Value Fund - Class IB Shares 1 No riders, without withdrawal charges (04/30/04) (04/30/99) -9.04% -9.95% % % 2.52% 6.52% % 2.52% 13.15% 9.81% Riders, with withdrawal charges (04/30/04) (04/30/99) % % % % -1.14% 3.44% % -1.14% 11.49% 8.17% RiverSource Variable Portfolio - Small Cap Value Fund No riders, without withdrawal charges (05/01/02) (08/14/01) -6.15% -4.70% -5.07% -3.78% 6.13% 12.44% 7.09% -3.78% 6.13% 12.44% 8.93% Riders, with withdrawal charges (04/30/04) (08/14/01) % % % % 2.40% 5.76% % 2.40% 10.81% 7.34% Wanger US Smaller Companies No riders, without withdrawal charges (04/30/04) (05/03/95) -4.96% -0.80% 4.30% 3.73% 7.65% 10.05% 3.73% 7.65% 13.71% 7.76% 12.56% Riders, with withdrawal charges (04/30/04) (05/03/95) % -8.36% -4.52% -5.15% 3.98% 7.07% -5.15% 3.98% 12.06% 6.16% 10.91% WORLD STOCK FTVIPT Templeton Growth Securities Fund - Class 2 No riders, without withdrawal charges (04/30/04) (03/15/94) -3.73% 1.43% 2.17% 4.39% 10.47% 11.34% 4.39% 10.47% 12.64% 6.80% 8.00% Riders, with withdrawal charges (04/30/04) (03/15/94) % -6.22% -6.45% -4.55% 6.87% 8.39% -4.55% 6.87% 11.01% 5.23% 6.40% Oppenheimer Global Securities Fund/VA, Service Shares 1 No riders, without withdrawal charges (05/01/02) (11/12/90) -5.29% 1.04% 5.45% 7.09% 12.39% 15.97% 10.19% 7.09% 12.39% 15.97% 10.38% 10.38% Riders, with withdrawal charges (04/30/04) (11/12/90) % -6.58% -3.48% -2.10% 8.83% 10.74% -2.10% 8.83% 14.30% 8.72% 8.73% INTERNATIONAL STOCK AIM V.I. International Growth Fund, Series II Shares No riders, without withdrawal charges (05/01/07) (05/05/93) -5.36% 4.42% 5.92% 18.59% 20.18% 20.47% 7.22% 8.40% Riders, with withdrawal charges (05/01/07) (05/05/93) % -3.49% -2.58% 8.88% 16.75% 18.72% 5.36% 6.64% AllianceBernstein VPS International Value Portfolio (Class B) 14 No riders, without withdrawal charges (04/30/04) (05/10/01) -5.57% 1.91% 6.59% 10.75% 19.08% 20.44% 10.75% 19.08% 22.42% 15.40% Riders, with withdrawal charges (04/30/04) (05/10/01) % -5.78% -2.44% 1.21% 15.64% 17.61% 1.21% 15.64% 20.65% 13.71% 1, 12 American Century VP International, Class II No riders, without withdrawal charges (04/30/04) (05/01/94) -4.46% 8.59% 17.83% 21.89% 18.65% 17.94% 21.89% 18.65% 16.34% 6.71% 7.04% Riders, with withdrawal charges (04/30/04) (05/01/94) % 0.34% 8.27% 12.13% 15.20% 15.09% 12.13% 15.20% 14.66% 4.86% 5.16% Columbia Marsico International Opportunities Fund, Variable Series, Class B No riders, without withdrawal charges (05/01/07) (03/27/98) -5.41% 12.60% 15.55% 24.85% 20.66% 20.56% 10.00% Riders, with withdrawal charges (05/01/07) (03/27/98) % 4.19% 6.57% 15.04% 17.24% 18.82% 8.23% Dreyfus VIF International Equity Portfolio, Service Shares No riders, without withdrawal charges (05/01/07) (05/02/94) -2.84% 11.00% 10.58% 19.90% 18.09% 21.23% 7.46% 6.91% Riders, with withdrawal charges (05/01/07) (05/02/94) % 2.60% 1.67% 10.17% 14.64% 19.48% 5.68% 5.17% Dreyfus VIF International Value Portfolio Service Shares No riders, without withdrawal charges (04/30/04) (05/01/96) -3.18% 2.03% 4.05% 6.54% 12.57% 13.57% 6.54% 12.57% 15.92% 6.55% 6.32% Riders, with withdrawal charges (04/30/04) (05/01/96) % -5.67% -4.74% -2.60% 9.01% 10.65% -2.60% 9.01% 14.24% 4.91% 4.70% Fidelity VIP Overseas Portfolio Service Class 2 10 No riders, without withdrawal charges (04/30/04) (01/28/87) -3.59% 7.84% 16.90% 20.60% 17.84% 16.79% 20.60% 17.84% 18.14% 6.38% 6.38% Riders, with withdrawal charges (04/30/04) (01/28/87) % -0.34% 7.35% 10.86% 14.38% 13.92% 10.86% 14.38% 16.43% 4.60% 4.69% Page 5 of 8

6 INTERNATIONAL STOCK (CONT.) 1, 11 Putnam VT International Equity Fund - Class IB Shares No riders, without withdrawal charges (03/03/00) (01/02/97) -5.31% 3.70% 9.75% 12.89% 16.72% 16.11% 1.78% 12.89% 16.72% 16.11% 8.61% 9.07% Riders, with withdrawal charges (04/30/04) (01/02/97) % -4.14% 0.44% 3.26% 13.23% 13.91% 3.26% 13.23% 14.44% 6.88% 7.29% RiverSource Variable Portfolio - Emerging Markets Fund No riders, without withdrawal charges (04/30/04) (05/01/00) -7.63% 19.12% 36.69% 42.78% 35.31% 33.59% 42.78% 35.31% 31.44% 13.45% Riders, with withdrawal charges (04/30/04) (05/01/00) % 10.69% 26.87% 32.72% 32.02% 30.83% 32.72% 32.02% 29.54% 11.62% RiverSource Variable Portfolio - International Opportunity Fund No riders, without withdrawal charges (04/30/04) (01/13/92) -4.16% 7.05% 12.85% 15.98% 17.00% 17.43% 15.98% 17.00% 16.70% 4.41% 5.10% Riders, with withdrawal charges (04/30/04) (01/13/92) % -1.07% 3.35% 6.30% 13.52% 14.56% 6.30% 13.52% 15.01% 2.47% 3.27% Wanger International Small Cap No riders, without withdrawal charges (04/30/04) (05/03/95) -8.19% 4.80% 16.28% 21.84% 25.16% 25.56% 21.84% 25.16% 28.79% 14.99% 16.67% Riders, with withdrawal charges (04/30/04) (05/03/95) % -3.13% 6.73% 12.07% 21.79% 22.77% 12.07% 21.79% 26.93% 13.15% 14.79% SPECIALTY/SECTOR AIM V.I. Global Health Care Fund, Series II Shares No riders, without withdrawal charges (05/01/07) (05/21/97) 0.67% 7.09% 4.25% 11.50% 9.44% 9.59% 6.83% 7.27% Riders, with withdrawal charges (05/01/07) (05/21/97) -6.71% -1.04% -4.10% 1.88% 5.81% 8.00% 5.15% 5.65% AllianceBernstein VPS Global Technology Portfolio (Class B) 15 No riders, without withdrawal charges (08/30/02) (01/11/96) -7.74% 3.57% 16.85% 16.76% 9.17% 10.29% 11.46% 16.76% 9.17% 10.29% 4.65% 5.49% Riders, with withdrawal charges (05/01/07) (01/11/96) % -4.26% 5.11% 7.07% 5.54% 8.70% 2.56% 3.26% Credit Suisse Trust - Commodity Return Strategy Portfolio No riders, without withdrawal charges (05/01/07) (02/28/06) -2.87% 8.52% 5.18% 5.04% 8.60% Riders, with withdrawal charges (05/01/07) (02/28/06) % 0.28% -3.25% -4.48% 2.63% Dreyfus IP Technology Growth Portfolio Service Shares 1, 4 No riders, without withdrawal charges (04/30/04) (08/31/99) -7.41% 2.18% 11.26% 9.92% 5.51% 5.78% 9.92% 5.51% 7.91% -3.80% Riders, with withdrawal charges (04/30/04) (08/31/99) % -5.53% 1.80% 0.46% 1.78% 2.70% 0.46% 1.78% 6.33% -7.21% MFS Utilities Series - Service Class 4 No riders, without withdrawal charges (03/01/02) (01/03/95) -1.67% 9.29% 24.82% 26.61% 24.50% 25.89% 18.37% 26.61% 24.50% 25.89% 11.34% 14.14% Riders, with withdrawal charges (04/30/04) (01/03/95) -9.01% 0.98% 15.16% 16.78% 21.13% 23.25% 16.78% 21.13% 24.09% 9.58% 12.34% 1, 16 Putnam VT Health Sciences Fund - Class IB Shares No riders, without withdrawal charges (05/01/02) (04/30/98) 0.05% 2.77% 2.43% 2.74% 6.94% 6.60% 2.75% 2.74% 6.94% 6.60% 2.05% Riders, with withdrawal charges (04/30/04) (04/30/98) -7.28% -4.99% -6.21% -6.05% 3.25% 1.75% -6.05% 3.25% 5.06% 0.48% Van Kampen UIF Global Real Estate Portfolio, Class II Shares 9 No riders, without withdrawal charges (05/01/07) (04/28/06) -8.53% -0.70% -8.59% -0.57% 10.74% Riders, with withdrawal charges (05/01/07) (04/28/06) % -8.26% % % 4.26% Van Kampen UIF US Real Estate Portfolio Class II Shares 1, 9 No riders, without withdrawal charges (04/30/04) (03/03/97) % -5.98% % % 12.21% 18.78% % 12.21% 19.53% 10.92% 11.42% Riders, with withdrawal charges (04/30/04) (03/03/97) % % % % 8.58% 15.90% % 8.58% 17.76% 9.26% 9.75% Page 6 of 8

7 Issued by RiverSource Life Insurance Company 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 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. Small- & mid-cap funds/small- & mid-cap investing: Stocks of small- and midcapitalization 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 This subaccount is available only on contracts purchased prior to May 1, 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. 3 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. Page 7 of 8 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. 5 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. 6 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. 7 The returns represent past performance. Past performance does not guarantee future results. The Fund s investment return and principal value will fluctuate so that an investor s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above. Please visit our Web site at: to obtain the most recent month-end returns. 8 The returns shown for Service Shares for periods prior to their inception (Dec. 31, 1999) are derived from the historical performance of the Institutional Shares, adjusted to reflect the higher operating expenses of Service Shares.

8 9 Average annual total return based on net asset value (NAV) assumes reinvestment of all distributions for the period. Returns for Class II shares include combined Rule 12b-1 fees and service fees of up to 0.25 percent. Returns do not include any charges, expenses or fees imposed by an insurance company at the underlying portfolio or separate account levels. If the returns included the effect of these additional charges, the returns would have been lower. The portfolio's Adviser has waived or reimbursed fees and expenses from time to time; absent such waivers/reimbursements the portfolio's returns would have been lower. 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 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, If Class II had existed during the periods presented, its performance would have been substantially similar to that of the existing class of the fund because each represents an investment in the same portfolio of securities. However, performance of Class II would have been lower because of its higher expense ratio. 13 Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment returns and principal value will fluctuate, so that investors shares, when redeemed, may be worth more or less than the original cost. The performance returns do not reflect the deduction of insurance contract charges and expenses imposed in connection with investing in available annuity or insurance contracts, including but not limited to administrative fees, account charges and surrender charges, which if reflected, would reduce performance. 14 Because Class B shares were not offered until August 15, 2001, standardized Class A fund performance for prior periods represents historical results of Class A shares. For periods beginning August 15, 2001, Class B's results reflect an additional 12b-1 fee expense, which also affects future performance. 15 Because Class B shares were not offered until Sept. 22, 1999, standardized Class A fund performance for prior periods represents historical results of Class A shares. For periods beginning Sept. 22, 1999, Class B's results reflect an additional 12b-1 fee expense, which also affects future performance. 16 The Trustees of Putnam Variable Trust currently limit 12b-1 fee payments on Class IB Shares to 0.25% of average net assets. RiverSource Life Insurance Company 9549 Ameriprise Financial Center Minneapolis, MN RiverSource Life Insurance Company. All rights reserved. RiverSource Distributors, Inc. (Distributor), Member FINRA. Insurance and annuity products are issued by RiverSource Life Insurance Company. Page 8 of 8