RiverSource Retirement Advisor 4 Advantage variable annuity contracts Issued by RiverSource Life Insurance Company (RiverSource Life)

Transcription

1 RiverSource Retirement Advisor 4 Advantage variable annuity contracts Issued by RiverSource Life Insurance Company (RiverSource Life) Performance for Annuities for quarter ending and the month ending. The performance information shown represents past performance and is not a 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 1 (800) 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. inception date is the date on which a price level (based on various benefits and fees) is first offered in any product. If that same price level is later added to another product, we continue to use the original inception date. In one product, there can be multiple price levels invested in the same underlying fund. 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 publicly-traded 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. 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 variable annuity and its 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 1 (800) Read the prospectus carefully before you invest. Variable annuities are insurance products that are complex, long-term investment vehicles that are subject to market risk, including the potential loss of principal invested. Current applicable charges deducted from performance include a 1.05% total base variable account expense for non-qualified plans, a 0.85% total base variable expense for qualified plans, a $30 contract administrative charge and an 8% declining surrender charge for purchase payments less than 10 years old. Premium taxes and purchase payment credits are not reflected in these total returns. If these had been included, the returns shown would be lower. Riders may or may not be available in all states. 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 1 (800) for the most current yield. The contract form number for this product is 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 18

2 Performance Update CASH EQUIVALENTS* Average Annual Total Returns Commencement of the YTD 1-yr. 3-yr. 5-yr. 10-yr. Average Annual Total Returns of the 1-yr. 3-yr. 5-yr. 10-yr. RVST RiverSource Variable Portfolio - Cash Management Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (10/13/1981) -0.08% -0.22% -0.08% -0.84% -0.18% % -0.84% -0.18% 1.39% 1.11% 4.06% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (10/13/1981) -7.30% -7.47% -7.30% -8.25% -2.86% % -8.25% -2.86% -0.12% 0.72% 3.85% RVST RiverSource VP - Cash Management Fund's seven-day simple yield was 0.01% and its seven-day compound yield was 0.01% as of the month ending 01/31/2011. The yield more closely reflects the current earnings than the total return quotation. SHORT-TERM FIXED INCOME RVST RiverSource Variable Portfolio - Short Duration U.S. Government Fund (Class 3) 1 No riders, no surrender charge, qualified plan (06/26/2006) (09/15/1999) 0.01% -0.71% 0.01% 1.45% 0.71% % 1.45% 0.71% 2.06% 2.09% 2.60% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (09/15/1999) -7.20% -7.96% -7.20% -6.06% -1.97% % -6.06% -1.97% 0.53% 1.71% 2.39% LONG-/INTERMEDIATE-TERM FIXED INCOME RVST RiverSource Variable Portfolio - Diversified Bond Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (10/13/1981) 0.27% -0.86% 0.27% 6.12% 3.97% % 6.12% 3.97% 4.13% 3.82% 7.52% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (10/13/1981) -6.96% -8.11% -6.96% -1.78% 1.22% % -1.78% 1.22% 2.69% 3.47% 7.30% RVST RiverSource Variable Portfolio - Global Inflation Protected Securities Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (09/13/2004) -0.61% -2.99% -0.61% 2.10% 1.63% % 2.10% 1.63% 2.97% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (09/13/2004) -7.82% % -7.82% -5.46% -1.08% % -5.46% -1.08% 1.48% % MULTI-SECTOR FIXED INCOME Oppenheimer Global Strategic Income Fund/VA, Service Shares 2,3 No riders, no surrender charge, qualified plan (06/26/2006) (05/03/1993) 0.43% -0.58% 0.43% 13.33% 3.80% % 13.33% 3.80% 5.34% 5.86% 5.60% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/03/1993) -6.81% -7.83% -6.81% 5.10% 1.05% % 5.10% 1.05% 3.95% 5.53% 5.39% INTERNATIONAL FIXED INCOME RVST RiverSource Variable Portfolio - Global Bond Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (05/01/1996) 0.08% -2.37% 0.08% 5.74% 4.15% % 5.74% 4.15% 5.16% 5.55% 4.70% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/1996) -7.13% -9.62% -7.13% -2.11% 1.41% % -2.11% 1.41% 3.77% 5.22% 4.50% HIGH-YIELD FIXED INCOME Columbia High Yield Fund, Variable Series, Class B 4 No riders, no surrender charge, qualified plan (06/26/2006) (07/07/2000) 1.80% 1.75% 1.80% 11.32% 6.94% % 11.32% 6.94% 5.78% 7.12% 6.75% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (07/07/2000) -5.55% -5.63% -5.55% 3.09% 4.32% % 3.09% 4.32% 4.42% 6.79% 6.54% Eaton Vance VT Floating-Rate Income Fund No riders, no surrender charge, qualified plan (06/26/2006) (05/02/2001) 1.54% 2.83% 1.54% 7.75% 5.24% % 7.75% 5.24% 3.58% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/02/2001) -5.79% -4.64% -5.79% -0.27% 2.55% % -0.27% 2.55% 2.11% % RVST RiverSource Variable Portfolio - High Yield Bond Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (05/01/1996) 2.21% 2.96% 2.21% 14.33% 10.28% % 14.33% 10.28% 7.50% 6.40% 5.14% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/1996) -5.17% -4.52% -5.17% 6.09% 7.81% % 6.09% 7.81% 6.20% 6.07% 4.93% RVST RiverSource Variable Portfolio - Income Opportunities Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (06/01/2004) 1.87% 2.10% 1.87% 13.33% 9.63% % 13.33% 9.63% 6.99% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (06/01/2004) -5.49% -5.31% -5.49% 5.09% 7.14% % 5.09% 7.14% 5.67% % BALANCED PIMCO VIT All Asset Portfolio, Advisor Share Class No riders, no surrender charge, qualified plan (06/26/2006) (04/30/2003) 0.45% -0.18% 0.45% 11.26% 3.79% % 11.26% 3.79% 4.47% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (04/30/2003) -6.80% -7.43% -6.80% 3.03% 1.03% % 3.03% 1.03% 3.04% % RVST RiverSource Variable Portfolio - Balanced Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (04/30/1986) 1.64% 6.58% 1.64% 15.91% -0.05% % 15.91% -0.05% 1.73% 1.04% 6.78% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (04/30/1986) -5.70% -1.19% -5.70% 7.67% -2.77% % 7.67% -2.77% 0.20% 0.65% 6.57% LARGE CAP STOCK AllianceBernstein VP Growth and Income Portfolio (Class B) 5 No riders, no surrender charge, qualified plan (06/26/2006) (01/14/1991) 2.55% 7.85% 2.55% 18.48% -5.03% % 18.48% -5.03% -1.06% 0.46% 7.43% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/14/1991) -4.86% -0.01% -4.86% 10.24% -8.06% % 10.24% -8.06% -2.65% 0.07% 7.22% AllianceBernstein VP Large Cap Growth Portfolio (Class B) No riders, no surrender charge, qualified plan (06/26/2006) (06/26/1992) 3.41% 10.22% 3.41% 20.61% 0.93% % 20.61% 0.93% -0.49% -2.30% 7.46% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (06/26/1992) -4.07% 2.17% -4.07% 12.36% -1.80% % 12.36% -1.80% -2.05% -2.73% 7.25% American Century VP Ultra, Class II 6 No riders, no surrender charge, qualified plan (06/26/2006) (05/01/2001) 2.38% 9.30% 2.38% 23.83% 0.61% % 23.83% 0.61% 0.60% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/2001) -5.01% 1.31% -5.01% 15.58% -2.12% % 15.58% -2.12% -0.93% % Page 2 of 18

3 Performance Update Average Annual Total Returns Commencement of the YTD 1-yr. 3-yr. 5-yr. 10-yr. Average Annual Total Returns of the 1-yr. 3-yr. 5-yr. 10-yr. LARGE CAP STOCK (CONT.) American Century VP Value, Class II 7,8 No riders, no surrender charge, qualified plan (06/26/2006) (05/01/1996) 1.78% 9.34% 1.78% 17.27% 0.57% % 17.27% 0.57% 1.26% 4.39% 6.77% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/1996) -5.57% 1.34% -5.57% 9.03% -2.14% % 9.03% -2.14% -0.27% 4.04% 6.56% Columbia Marsico Growth Fund, Variable Series Class A No riders, no surrender charge, qualified plan (06/26/2006) (03/27/1998) 0.49% 7.35% 0.49% 27.46% 0.24% % 27.46% 0.24% 1.75% 1.69% 5.06% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (03/27/1998) -6.75% -0.48% -6.75% 19.20% -2.49% % 19.20% -2.49% 0.20% 1.31% 4.85% Fidelity VIP Contrafund Portfolio Service Class 2 9,10 No riders, no surrender charge, qualified plan (06/26/2006) (01/03/1995) 2.37% 10.48% 2.37% 24.10% -0.41% % 24.10% -0.41% 1.96% 4.69% 9.90% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/03/1995) -5.02% 2.43% -5.02% 15.85% -3.16% % 15.85% -3.16% 0.41% 4.35% 9.68% Fidelity VIP Growth & Income Portfolio Service Class 2 No riders, no surrender charge, qualified plan (06/26/2006) (01/03/1995) Performance information not available at time of distribution. No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/03/1995) Performance information not available at time of distribution. FTVIPT Mutual Shares Securities Fund - Class 2 11,12 No riders, no surrender charge, qualified plan (06/26/2006) (11/08/1996) 2.10% 5.80% 2.10% 14.54% -2.33% % 14.54% -2.33% 0.60% 3.46% 5.87% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (11/08/1996) -5.27% -1.91% -5.27% 6.31% -5.18% % 6.31% -5.18% -0.91% 3.10% 5.66% Goldman Sachs VIT Structured U.S. Equity Fund - Institutional Shares No riders, no surrender charge, qualified plan (06/26/2006) (02/13/1998) 2.18% 7.97% 2.18% 18.27% -3.18% % 18.27% -3.18% -1.82% -0.49% 1.60% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (02/13/1998) -5.20% 0.08% -5.20% 10.03% -6.08% % 10.03% -6.08% -3.46% -0.88% 1.39% Invesco V.I. Capital Appreciation Fund, Series I Shares No riders, no surrender charge, qualified plan (06/26/2006) (05/05/1993) Performance information not available at time of distribution. No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/05/1993) Performance information not available at time of distribution. Invesco V.I. Capital Appreciation Fund, Series II Shares 6,13 No riders, no surrender charge, qualified plan (06/26/2006) (05/05/1993) 1.04% 7.51% 1.04% 21.14% -4.13% % 21.14% -4.13% -2.68% -3.22% 5.10% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/05/1993) -6.25% -0.33% -6.25% 12.90% -7.11% % 12.90% -7.11% -4.38% -3.67% 4.89% Invesco Van Kampen V.I. Comstock Fund, Series II Shares No riders, no surrender charge, qualified plan (06/26/2006) (04/30/1999) 2.65% 9.24% 2.65% 21.08% -0.32% % 21.08% -0.32% 1.00% 2.35% 3.73% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (04/30/1999) -4.77% 1.25% -4.77% 12.84% -3.06% % 12.84% -3.06% -0.53% 1.98% 3.53% Janus Aspen Series Janus Portfolio: Service Shares No riders, no surrender charge, qualified plan (05/01/2007) (09/13/1993) 0.99% 4.58% 0.99% 20.37% -0.43% % 20.37% -0.43% 2.14% -2.16% 5.91% No riders, 10 yr surrender charge, non-qualified plan (05/01/2007) (09/13/1993) -6.30% -3.03% -6.30% 12.13% -3.17% % 12.13% -3.17% 0.60% -2.59% 5.70% MFS Investors Growth Stock Series - Service Class 14 No riders, no surrender charge, qualified plan (06/26/2006) (05/03/1999) 1.67% 7.31% 1.67% 17.67% 1.39% % 17.67% 1.39% 2.10% -1.97% 0.56% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/03/1999) -5.67% -0.52% -5.67% 9.44% -1.34% % 9.44% -1.34% 0.56% -2.40% 0.36% Oppenheimer Value Fund/VA No riders, no surrender charge, qualified plan (09/15/2006) (01/02/2003) 2.25% 9.83% 2.25% 21.20% -1.70% % 21.20% -1.70% 0.35% % No riders, 10 yr surrender charge, non-qualified plan (09/15/2006) (01/02/2003) -5.14% 1.79% -5.14% 12.96% -4.52% % 12.96% -4.52% -1.18% % RVST RiverSource Variable Portfolio - Diversified Equity Income Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (09/15/1999) 2.03% 10.35% 2.03% 23.02% -1.93% % 23.02% -1.93% 1.09% 4.83% 4.92% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (09/15/1999) -5.34% 2.29% -5.34% 14.77% -4.77% % 14.77% -4.77% -0.44% 4.48% 4.71% RVST RiverSource Variable Portfolio - Dynamic Equity Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (10/13/1981) 2.23% 9.03% 2.23% 23.77% -3.81% % 23.77% -3.81% -0.86% -1.54% 7.81% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (10/13/1981) -5.15% 1.05% -5.15% 15.52% -6.76% % 15.52% -6.76% -2.44% -1.96% 7.60% RVST RiverSource Variable Portfolio - S&P 500 Index Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (05/01/2000) 2.23% 8.91% 2.23% 20.78% -1.20% % 20.78% -1.20% 1.00% -0.01% -0.72% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/2000) -5.16% 0.95% -5.16% 12.53% -3.99% % 12.53% -3.99% -0.54% -0.40% -0.92% RVST Seligman Variable Portfolio - Growth Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (09/15/1999) 1.81% 9.36% 1.81% 23.78% -1.90% % 23.78% -1.90% -0.44% -4.12% -3.48% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (09/15/1999) -5.54% 1.36% -5.54% 15.52% -4.74% % 15.52% -4.74% -2.00% -4.60% -3.68% RVST Seligman Variable Portfolio - Larger-Cap Value Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (02/04/2004) 2.20% 10.55% 2.20% 24.30% -1.18% % 24.30% -1.18% 0.77% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (02/04/2004) -5.18% 2.49% -5.18% 16.04% -3.98% % 16.04% -3.98% -0.76% % RVST Variable Portfolio - Davis New York Venture Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (05/01/2006) 1.21% 8.79% 1.21% 15.66% -2.53% % 15.66% -2.53% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/2006) -6.10% 0.84% -6.10% 7.42% -5.39% % 7.42% -5.39% % Wells Fargo Advantage VT Core Equity Fund Class 2 No riders, no surrender charge, qualified plan (06/26/2006) (03/01/1996) 1.93% 9.56% 1.93% 21.72% 3.81% % 21.72% 3.81% 4.03% 3.03% 6.63% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (03/01/1996) -5.43% 1.54% -5.43% 13.47% 1.06% % 13.47% 1.06% 2.59% 2.67% 6.42% Page 3 of 18

4 Performance Update Average Annual Total Returns Commencement of the YTD 1-yr. 3-yr. 5-yr. 10-yr. Average Annual Total Returns of the 1-yr. 3-yr. 5-yr. 10-yr. MID CAP STOCK American Century VP Mid Cap Value, Class II No riders, no surrender charge, qualified plan (06/26/2006) (10/29/2004) 1.11% 10.29% 1.11% 22.71% 6.05% % 22.71% 6.05% 5.21% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (10/29/2004) -6.19% 2.23% -6.19% 14.46% 3.41% % 14.46% 3.41% 3.82% % Fidelity VIP Mid Cap Portfolio Service Class 2 15,16 No riders, no surrender charge, qualified plan (06/26/2006) (12/28/1998) 0.96% 4.86% 0.96% 32.78% 5.05% % 32.78% 5.05% 4.57% 9.46% 13.52% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (12/28/1998) -6.32% -2.77% -6.32% 24.51% 2.35% % 24.51% 2.35% 3.16% 9.15% 13.30% Goldman Sachs VIT Mid Cap Value Fund - Institutional Shares No riders, no surrender charge, qualified plan (06/26/2006) (02/04/2004) Performance information not available at time of distribution. No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (02/04/2004) Performance information not available at time of distribution. Invesco V.I. Capital Development Fund, Series II Shares 6,13 No riders, no surrender charge, qualified plan (06/26/2006) (05/01/1998) 2.44% 11.08% 2.44% 26.77% -0.60% % 26.77% -0.60% 0.82% 2.55% 4.14% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/1998) -4.96% 3.02% -4.96% 18.52% -3.36% % 18.52% -3.36% -0.71% 2.18% 3.93% Morgan Stanley UIF Mid Cap Growth Portfolio, Class II Shares No riders, no surrender charge, qualified plan (06/26/2006) (10/18/1999) 0.99% 7.85% 0.99% 39.30% 5.74% % 39.30% 5.74% 6.18% 2.82% 4.87% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (10/18/1999) -6.30% -0.02% -6.30% 31.02% 3.08% % 31.02% 3.08% 4.83% 2.45% 4.66% Neuberger Berman AMT Socially Responsive Portfolio S Class No riders, no surrender charge, qualified plan (06/26/2006) (02/18/1999) 1.52% 8.82% 1.52% 27.12% 0.33% % 27.12% 0.33% 2.59% 3.90% 4.31% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (02/18/1999) -5.81% 0.86% -5.81% 18.86% -2.39% % 18.86% -2.39% 1.08% 3.54% 4.10% RVST RiverSource Variable Portfolio - Mid Cap Growth Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (05/01/2001) -0.01% 11.41% -0.01% 29.25% 7.21% % 29.25% 7.21% 3.64% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/2001) -7.23% 3.35% -7.23% 20.98% 4.61% % 20.98% 4.61% 2.17% % RVST RiverSource Variable Portfolio - Mid Cap Value Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (05/02/2005) 1.55% 10.82% 1.55% 28.63% -0.06% % 28.63% -0.06% 2.14% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/02/2005) -5.78% 2.76% -5.78% 20.36% -2.80% % 20.36% -2.80% 0.60% % RVST Variable Portfolio - Goldman Sachs Mid Cap Value Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (02/04/2004) 2.59% 11.74% 2.59% 28.09% 4.06% % 28.09% 4.06% 4.25% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (02/04/2004) -4.83% 3.68% -4.83% 19.83% 1.32% % 19.83% 1.32% 2.82% % Wells Fargo Advantage VT Opportunity Fund Class 2 No riders, no surrender charge, qualified plan (06/26/2006) (05/08/1992) 2.35% 11.66% 2.35% 29.48% 5.00% % 29.48% 5.00% 4.21% 3.63% 10.47% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/08/1992) -5.05% 3.60% -5.05% 21.22% 2.31% % 21.22% 2.31% 2.77% 3.28% 10.25% SMALL CAP STOCK FTVIPT Franklin Small Cap Value Securities Fund - Class 2 11,17 No riders, no surrender charge, qualified plan (06/26/2006) (05/01/1998) 0.65% 13.65% 0.65% 32.52% 3.73% % 32.52% 3.73% 2.44% 7.43% 5.88% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/1998) -6.61% 5.59% -6.61% 24.25% 0.97% % 24.25% 0.97% 0.92% 7.11% 5.67% Legg Mason ClearBridge Variable Small Cap Growth Portfolio, Class I No riders, no surrender charge, qualified plan (04/27/2007) (11/08/1999) 0.75% 9.53% 0.75% 33.01% 4.38% % 33.01% 4.38% 3.18% 2.85% 5.68% No riders, 10 yr surrender charge, non-qualified plan (04/27/2007) (11/08/1999) -6.52% 1.51% -6.52% 24.74% 1.65% % 24.74% 1.65% 1.69% 2.49% 5.47% Oppenheimer Main Street Small Cap Fund/VA, Service Shares 18 No riders, no surrender charge, qualified plan (06/26/2006) (05/01/1998) 0.65% 9.93% 0.65% 27.82% 3.31% % 27.82% 3.31% 1.03% 5.64% 5.31% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/1998) -6.61% 1.88% -6.61% 19.57% 0.53% % 19.57% 0.53% -0.51% 5.30% 5.10% RVST Seligman Variable Portfolio - Smaller-Cap Value Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (09/15/1999) 0.86% 9.78% 0.86% 31.67% 5.06% % 31.67% 5.06% 0.75% 4.27% 5.26% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (09/15/1999) -6.41% 1.74% -6.41% 23.40% 2.36% % 23.40% 2.36% -0.79% 3.92% 5.05% RVST Variable Portfolio - Partners Small Cap Value Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (08/14/2001) 0.63% 11.52% 0.63% 26.69% 6.04% % 26.69% 6.04% 3.61% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (08/14/2001) -6.63% 3.46% -6.63% 18.43% 3.39% % 18.43% 3.39% 2.14% % Wanger USA 19 No riders, no surrender charge, qualified plan (06/26/2006) (05/03/1995) 0.79% 13.71% 0.79% 30.80% 3.68% % 30.80% 3.68% 1.99% 6.70% 10.89% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/03/1995) -6.48% 5.65% -6.48% 22.54% 0.92% % 22.54% 0.92% 0.45% 6.38% 10.67% Wells Fargo Advantage VT Small Cap Growth Fund Class 2 No riders, no surrender charge, qualified plan (06/26/2006) (05/01/1995) -0.83% 12.11% -0.83% 28.59% 6.47% % 28.59% 6.47% 6.95% 1.35% 4.60% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/1995) -8.04% 4.05% -8.04% 20.33% 3.84% % 20.33% 3.84% 5.64% 0.97% 4.39% WORLD STOCK Oppenheimer Global Securities Fund/VA, Service Shares No riders, no surrender charge, qualified plan (06/26/2006) (11/12/1990) 2.47% 7.06% 2.47% 21.24% 1.58% % 21.24% 1.58% 2.22% 3.94% 9.19% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (11/12/1990) -4.94% -0.75% -4.94% 13.00% -1.17% % 13.00% -1.17% 0.69% 3.59% 8.97% Page 4 of 18

5 Performance Update Average Annual Total Returns Commencement of the YTD 1-yr. 3-yr. 5-yr. 10-yr. Average Annual Total Returns of the 1-yr. 3-yr. 5-yr. 10-yr. INTERNATIONAL STOCK AllianceBernstein VP International Value Portfolio (Class B) 20,21 No riders, no surrender charge, qualified plan (06/26/2006) (05/10/2001) 3.63% 6.32% 3.63% 13.25% % % 13.25% % -2.98% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/10/2001) -3.87% -1.43% -3.87% 5.02% % % 5.02% % -4.70% % Columbia Marsico International Opportunities Fund, Variable Series Class B No riders, no surrender charge, qualified plan (06/26/2006) (03/27/1998) -1.27% 3.46% -1.27% 18.44% -4.98% % 18.44% -4.98% 0.96% 4.99% 5.89% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (03/27/1998) -8.49% -4.06% -8.49% 10.20% -8.01% % 10.20% -8.01% -0.56% 4.64% 5.68% Dreyfus VIF International Equity Portfolio, Service Shares No riders, no surrender charge, qualified plan (06/26/2006) (05/02/1994) -0.75% 3.51% -0.75% 13.68% -5.97% % 13.68% -5.97% -0.25% 2.08% 4.54% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/02/1994) -7.97% -4.01% -7.97% 5.45% -9.05% % 5.45% -9.05% -1.79% 1.70% 4.33% Fidelity VIP Overseas Portfolio Service Class 2 6,10 No riders, no surrender charge, qualified plan (06/26/2006) (01/28/1987) 1.23% 5.10% 1.23% 20.35% -4.67% % 20.35% -4.67% 0.36% 1.95% 5.18% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/28/1987) -6.07% -2.55% -6.07% 12.11% -7.68% % 12.11% -7.68% -1.16% 1.57% 4.97% Invesco V.I. International Growth Fund, Series II Shares No riders, no surrender charge, qualified plan (06/26/2006) (05/05/1993) 0.19% 3.10% 0.19% 16.54% -1.08% % 16.54% -1.08% 3.40% 3.74% 6.73% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/05/1993) -7.03% -4.39% -7.03% 8.31% -3.85% % 8.31% -3.85% 1.93% 3.39% 6.52% Neuberger Berman AMT International Portfolio S Class No riders, no surrender charge, qualified plan (06/26/2006) (04/29/2005) -0.28% 4.63% -0.28% 25.34% -2.24% % 25.34% -2.24% -0.23% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (04/29/2005) -7.49% -2.98% -7.49% 17.09% -5.10% % 17.09% -5.10% -1.78% % RVST Threadneedle Variable Portfolio - Emerging Markets Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (05/01/2000) -4.48% -1.04% -4.48% 21.98% 0.01% % 21.98% 0.01% 7.78% 11.82% 8.82% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/2000) % -8.28% % 13.73% -2.71% % 13.73% -2.71% 6.50% 11.52% 8.60% RVST Threadneedle Variable Portfolio - International Opportunity Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (01/13/1992) 0.90% 4.03% 0.90% 20.13% -2.78% % 20.13% -2.78% 1.68% 1.27% 3.99% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/13/1992) -6.38% -3.54% -6.38% 11.88% -5.67% % 11.88% -5.67% 0.13% 0.88% 3.78% Wanger International 22,23 No riders, no surrender charge, qualified plan (06/26/2006) (05/03/1995) -0.64% 4.42% -0.64% 27.45% 2.86% % 27.45% 2.86% 7.22% 8.48% 13.65% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/03/1995) -7.85% -3.17% -7.85% 19.19% 0.07% % 19.19% 0.07% 5.91% 8.16% 13.43% Wells Fargo Advantage VT International Equity Fund Class 2 24,25,26,27 No riders, no surrender charge, qualified plan (06/26/2006) (08/17/1998) 1.47% 5.94% 1.47% 22.88% -5.12% % 22.88% -5.12% 0.13% 3.40% 4.06% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (08/17/1998) -5.85% -1.77% -5.85% 14.63% -8.16% % 14.63% -8.16% -1.39% 3.05% 3.85% SPECIALTY/SECTOR AllianceBernstein VPS Global Thematic Growth Portfolio (Class B) No riders, no surrender charge, qualified plan (06/26/2006) (01/11/1996) -0.45% 6.88% -0.45% 25.50% 2.67% % 25.50% 2.67% 2.22% -3.62% 4.54% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/11/1996) -7.67% -0.91% -7.67% 17.25% -0.12% % 17.25% -0.12% 0.69% -4.09% 4.33% Credit Suisse Trust - Commodity Return Strategy Portfolio 28 No riders, no surrender charge, qualified plan (06/26/2006) (02/28/2006) 1.33% 11.27% 1.33% 26.38% -4.43% % 26.38% -4.43% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (02/28/2006) -5.98% 3.21% -5.98% 18.13% -7.43% % 18.13% -7.43% % FTVIPT Franklin Global Real Estate Securities Fund - Class 2 29 No riders, no surrender charge, qualified plan (06/26/2006) (01/24/1989) 1.07% 3.34% 1.07% 26.79% -4.67% % 26.79% -4.67% -6.14% 4.89% 7.43% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/24/1989) -6.22% -4.16% -6.22% 18.53% -7.69% % 18.53% -7.69% -8.11% 4.55% 7.21% Invesco V.I. Financial Services Fund, Series II Shares No riders, no surrender charge, qualified plan (06/26/2006) (09/21/1999) 2.60% 11.48% 2.60% 12.76% % % 12.76% % % -5.60% -2.49% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (09/21/1999) -4.81% 3.42% -4.81% 4.53% % % 4.53% % % -6.11% -2.68% Invesco V.I. Global Health Care Fund, Series II Shares 30 No riders, no surrender charge, qualified plan (06/26/2006) (05/21/1997) 2.16% 4.24% 2.16% 7.13% 0.07% % 7.13% 0.07% 0.95% 1.30% 5.70% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/21/1997) -5.22% -3.34% -5.22% -0.83% -2.62% % -0.83% -2.62% -0.56% 0.92% 5.49% MFS Utilities Series - Service Class 14,31 No riders, no surrender charge, qualified plan (06/26/2006) (01/03/1995) 1.75% 5.01% 1.75% 20.06% 0.15% % 20.06% 0.15% 7.86% 5.55% 11.49% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/03/1995) -5.60% -2.63% -5.60% 11.82% -2.56% % 11.82% -2.56% 6.58% 5.22% 11.27% Morgan Stanley UIF Global Real Estate Portfolio, Class II Shares 29 No riders, no surrender charge, qualified plan (06/26/2006) (04/28/2006) 1.22% 2.78% 1.22% 30.63% -1.15% % 30.63% -1.15% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (04/28/2006) -6.09% -4.67% -6.09% 22.37% -3.95% % 22.37% -3.95% % FUNDS OF FUNDS RVST Disciplined Asset Allocation Portfolios Aggressive 32 No riders, no surrender charge, qualified plan (05/01/2008) (05/01/2008) 1.73% 6.11% 1.73% 18.30% % 18.30% % No riders, 10 yr surrender charge, non-qualified plan (05/01/2008) (05/01/2008) -5.61% -1.62% -5.61% 10.06% % 10.06% % Page 5 of 18

6 Performance Update Average Annual Total Returns Commencement of the YTD 1-yr. 3-yr. 5-yr. 10-yr. Average Annual Total Returns of the 1-yr. 3-yr. 5-yr. 10-yr. FUNDS OF FUNDS (CONT.) RVST Disciplined Asset Allocation Portfolios Conservative 32 No riders, no surrender charge, qualified plan (05/01/2008) (05/01/2008) 0.75% 1.36% 0.75% 9.50% % 9.50% % No riders, 10 yr surrender charge, non-qualified plan (05/01/2008) (05/01/2008) -6.52% -5.99% -6.52% 1.34% % 1.34% % RVST Disciplined Asset Allocation Portfolios Moderate 32 No riders, no surrender charge, qualified plan (05/01/2008) (05/01/2008) 1.19% 3.71% 1.19% 13.72% % 13.72% % No riders, 10 yr surrender charge, non-qualified plan (05/01/2008) (05/01/2008) -6.11% -3.83% -6.11% 5.48% % 5.48% % RVST Disciplined Asset Allocation Portfolios Moderately Aggressive 32 No riders, no surrender charge, qualified plan (05/01/2008) (05/01/2008) 1.51% 4.93% 1.51% 16.09% % 16.09% % No riders, 10 yr surrender charge, non-qualified plan (05/01/2008) (05/01/2008) -5.82% -2.70% -5.82% 7.85% % 7.85% % RVST Disciplined Asset Allocation Portfolios Moderately Conservative 32 No riders, no surrender charge, qualified plan (05/01/2008) (05/01/2008) 0.97% 2.50% 0.97% 11.54% % 11.54% % No riders, 10 yr surrender charge, non-qualified plan (05/01/2008) (05/01/2008) -6.32% -4.94% -6.32% 3.31% % 3.31% % RVST Variable Portfolio - Aggressive Portfolio (Class 2) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 1.06% 6.08% 1.06% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -6.23% -1.65% -6.23% % % RVST Variable Portfolio - Aggressive Portfolio (Class 4) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 1.06% 6.08% 1.06% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -6.23% -1.65% -6.23% % % RVST Variable Portfolio - Conservative Portfolio (Class 2) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 0.48% 0.71% 0.48% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -6.77% -6.58% -6.77% % % RVST Variable Portfolio - Conservative Portfolio (Class 4) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 0.38% 0.71% 0.38% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -6.85% -6.58% -6.85% % % RVST Variable Portfolio - Moderate Portfolio (Class 2) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 0.72% 3.30% 0.72% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -6.54% -4.21% -6.54% % % RVST Variable Portfolio - Moderate Portfolio (Class 4) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 0.82% 3.39% 0.82% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -6.46% -4.12% -6.46% % % RVST Variable Portfolio - Moderately Aggressive Portfolio (Class 2) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 0.89% 4.67% 0.89% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -6.39% -2.94% -6.39% % % RVST Variable Portfolio - Moderately Aggressive Portfolio (Class 4) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 0.89% 4.67% 0.89% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -6.39% -2.95% -6.39% % % RVST Variable Portfolio - Moderately Conservative Portfolio (Class 2) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 0.56% 2.02% 0.56% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -6.69% -5.38% -6.69% % % RVST Variable Portfolio - Moderately Conservative Portfolio (Class 4) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 0.65% 2.11% 0.65% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -6.61% -5.30% -6.61% % % Page 6 of 18

7 Issued by RiverSource Life Insurance Company (RiverSource Life) RiverSource Life Insurance Company 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 risk tolerance, your age and how you intend to use the annuity. The different features and benefits may include the investment options, fund managers, interest rate amounts, guarantees, bonus crediting, surrender charge schedules, optional riders and access to annuity account values. The fees and charges may also be different among the annuity contracts we offer. Keep in mind that all guarantees are based on the continued claims paying ability of the issuing company and on variable annuities do not apply to the performance of the variable subaccounts, which will vary with market conditions. 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. Micro-cap: Micro-cap companies involve considerably more risk than investments in securities of larger-cap companies (see Investment Risks in the fund s prospectus). 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. Tax-exempt funds: Income from taxexempt 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 Shares of the Fund are not insured or guaranteed by the U.S. government. 2 Oppenheimer Funds, Inc. will reduce the management fee by 0.10% as long as the fund s trailing 12-month performance at the end of the quarter is in the fifth Lipper peer group quintile; and by 0.05% as long as it is in fourth quintile. The waiver is voluntary and may be terminated by the Manager at any time. 3 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. 4 Higher yield corporate (junk) bond prices may fluctuate more broadly than prices of higher quality bonds. Risk of principal and income also is greater than with higher quality securities. 5 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. 6 There are special risk considerations associated with international investing related to market, currency, economic, political and other factors. 7 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. Page 7 of 18 8 Stock prices of established companies that pay dividends may be less volatile than the stock market as a whole. Stocks of medium-sized companies may be subject to more abrupt or erratic price movements than stocks of larger companies. 9 The value of the fund s domestic and foreign investments will vary from dayto-day in response to many factors. Stock values fluctuate in response to the activities of individual companies, and general market and economic conditions. The securities of small, less well-known companies may be more volatile than those of larger companies. 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 are those of the Service Class, which reflect a 12b-1 fee of 0.10%. Service Class 2 returns prior to Nov. 3, 1997 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 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. 12 Stocks offer the potential for long-term gains but can be subject to short-term up and down price movements. Small company securities involve special risks such as relatively small revenues, limited product lines, and small market share. Investments in companies involved in mergers, liquidations, reorganizations and distressed bankruptcy, which may include defaulted debt, involve higher credit and other risks. The Fund may invest a small portion in foreign securities which involve special risks including currency fluctuations and political uncertainty.

8 Issued by RiverSource Life Insurance Company (RiverSource Life) 13 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. 14 Service Class shares commenced operations in May Service Class shares carry a 0.25% annual Rule 12b-1 fee. Service Class share performance includes the performance of the series Initial Class shares for periods prior to the inception of Service Class shares (blended performance). These blended performance figures have not been adjusted to take into account differences in the class-specific operating expenses (such as Rule 12b-1 fees). Because operating expenses of Service Class shares are higher than those of Initial class shares, the blended Service Class share performance is higher than it would have been had the Service Class shares been offered for the entire period. 15 Stocks of medium-sized companies may be subject to more abrupt or erratic price movements than stocks of larger companies. There are special risk considerations associated with international investing related to market, currency, economic, political and other factors. 16 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 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. 17 Stocks offer the potential for long-term gains but can be subject to short-term up and down price movements. 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. 18 While generally the Fund has invested under 10% in foreign securities, which are subject to exchange rate and political uncertainties, it can invest up to 25% in foreign securities. 19 Small-cap stocks are often more volatile and less liquid than the stocks of larger companies. Small companies may have a shorter history of operations than larger companies and may have a less diversified product line, making them more susceptible to market pressure. 20 Because Class B shares were not offered until Aug. 15, 2001, standardized Class A fund performance for prior periods represents historical results of Class A shares. For periods beginning Aug. 15, 2001, Class B's results reflect an additional 12b-1 fee expense, which also affects future performance. 21 Foreign risk is the risk of investments in issuers located in foreign countries. Because the Portfolio invests in foreign securities, it is subject to this risk. Investments in foreign securities may experience more rapid and extreme changes in value than investments in securities of U.S. companies. This is because the securities markets of many foreign countries are relatively small, with a limited number of companies representing a small number of industries. Additionally, foreign securities issuers are not usually subject to the same degree of regulation as U.S. issuers. Reporting, accounting, and auditing standards of foreign countries differ, in some cases significantly, from U.S. standards. Also, nationalization, expropriation or confiscatory taxation, currency blockage, political changes, or diplomatic developments could adversely affect the Portfolio s investments in a foreign country. In the event of nationalization, expropriation, or other confiscation, the Portfolio could lose its entire investment. 22 Investments in foreign securities have special risks, including political or economic instability, higher costs, different regulations, accounting standards, trading practices and levels of information, and currency exchange rate fluctuations. Small-cap stocks are often more volatile and less liquid than the stocks of larger companies. Small companies may have a shorter history of operations than larger companies and may have a less diversified product line, making them more susceptible to market pressure. 23 The Fund's performance during 1999 was achieved during extraordinary market conditions. Page 8 of Historical performance shown for Class 2 prior to its inception is based on the performance of Class 1, the original class offered. These historical returns have not been adjusted to reflect the effect of the 0.25% 12b-1 fees applicable to Class 2 shares. Class 1 does not pay 12b-1 fees. If these fees had been reflected, returns would have been lower. The investment return and principal value of an investment will fluctuate so that investors shares, when redeemed, may be worth more or less than their original cost. Performance includes the reinvestment of income dividends and capital gain distributions. 25 Funds that invest in high-yield, lowerrated bonds may contain more risk due to the increased possibility of default. 26 Foreign investments may contain more risk due to the inherent risks associated with changing political climates, foreign market instability and foreign currency fluctuations. 27 Smaller capitalization stock investing may offer the potential for greater long-term results, however, it is also generally associated with greater price volatility due to the higher risk of failure. 28 Commodities may be highly volatile and the fund carries significant risk due to this volatility. 29 An investment in real estate carries significant risk including interest rate risk, market risk, default and foreclosure risk. 30 The fund carries greater risk than a broad based investment as a down turn in the health care industry may have significant negative consequences on the fund. 31 This fund has a higher concentration of investments in the Utilities sector and may be subject to a higher degree of market risk than a fund whose investments are more diversified. 32 Disciplined Asset Allocation Portfolios are part of RiverSource Variable Series Trust funds that are managed by Columbia Management Investment Advisors, LLC. Columbia Management Investment Advisors, LLC as well as RiverSource Life Insurance Company and RiverSource Life Insurance Co. of New York are affiliates of Ameriprise Financial, Inc. Each receives revenue from assets allocated to subaccounts investing in the Disciplined Asset Allocation Portfolios.

9 33 The Portfolio Navigator program funds of funds are sold exclusively as underlying investment options of variable annuity and life insurance products offered by RiverSource Life Insurance Company and RiverSource Life Insurance Co. of New York (collectively, RiverSource Life). The program allows you to allocate your contract or policy values to subaccounts that invest in RiverSource Variable Series Trust funds of funds managed by Columbia Management Investment Advisers, LLC, an affiliate of RiverSource Life. RiverSource Life, Columbia Management Investment Advisers, LLC and their affiliates may receive revenue related to assets allocated to the funds of funds. Prior to participating in the program, you should read the description contained in the applicable variable product and funds of funds prospectuses. RiverSource Life Insurance Company 9549 Ameriprise Financial Center Minneapolis, MN RiverSource Distributors, Inc. (Distributor), Member FINRA. Insurance and annuity products are issued by RiverSource Life Insurance Company. Both companies are affiliated with Ameriprise Financial Services, Inc RiverSource Life Insurance Company. All rights reserved. Page 9 of 18

10 RiverSource Retirement Advisor 4 Advantage variable annuity contracts Issued by RiverSource Life Insurance Company (RiverSource Life) Performance for Annuities for quarter ending. The performance information shown represents past performance and is not a 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 1 (800) 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. inception date is the date on which a price level (based on various benefits and fees) is first offered in any product. If that same price level is later added to another product, we continue to use the original inception date. In one product, there can be multiple price levels invested in the same underlying fund. 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 publicly-traded 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. 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 variable annuity and its 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 1 (800) Read the prospectus carefully before you invest. Variable annuities are insurance products that are complex, long-term investment vehicles that are subject to market risk, including the potential loss of principal invested. Current applicable charges deducted from performance include a 1.05% total base variable account expense for non-qualified plans, a 0.85% total base variable expense for qualified plans, a $30 contract administrative charge and an 8% declining surrender charge for purchase payments less than 10 years old. Premium taxes and purchase payment credits are not reflected in these total returns. If these had been included, the returns shown would be lower. Riders may or may not be available in all states. 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 1 (800) for the most current yield. The contract form number for this product is 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 10 of 18

11 Performance Update CASH EQUIVALENTS* Average Annual Total Returns Commencement of the YTD 1-yr. 3-yr. 5-yr. 10-yr. Average Annual Total Returns of the 1-yr. 3-yr. 5-yr. 10-yr. RVST RiverSource Variable Portfolio - Cash Management Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (10/13/1981) -0.09% -0.23% -0.84% -0.84% -0.06% % -0.84% -0.06% 1.45% 1.15% 4.08% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (10/13/1981) -7.31% -7.48% -8.25% -8.25% -2.74% % -8.25% -2.74% -0.06% 0.77% 3.87% RVST RiverSource VP - Cash Management Fund's seven-day simple yield was 0.01% and its seven-day compound yield was 0.01% as of the month ending 01/31/2011. The yield more closely reflects the current earnings than the total return quotation. SHORT-TERM FIXED INCOME RVST RiverSource Variable Portfolio - Short Duration U.S. Government Fund (Class 3) 1 No riders, no surrender charge, qualified plan (06/26/2006) (09/15/1999) -0.48% -0.43% 2.12% 2.12% 1.03% % 2.12% 1.03% 2.08% 2.19% 2.62% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (09/15/1999) -7.69% -7.68% -5.45% -5.45% -1.67% % -5.45% -1.67% 0.55% 1.82% 2.41% LONG-/INTERMEDIATE-TERM FIXED INCOME RVST RiverSource Variable Portfolio - Diversified Bond Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (10/13/1981) -0.54% -0.68% 7.39% 7.39% 4.20% % 7.39% 4.20% 4.08% 4.01% 7.53% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (10/13/1981) -7.76% -7.94% -0.60% -0.60% 1.46% % -0.60% 1.46% 2.64% 3.66% 7.32% RVST RiverSource Variable Portfolio - Global Inflation Protected Securities Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (09/13/2004) -0.30% -1.67% 3.23% 3.23% 2.77% % 3.23% 2.77% 3.10% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (09/13/2004) -7.52% -8.93% -4.42% -4.42% 0.03% % -4.42% 0.03% 1.62% % MULTI-SECTOR FIXED INCOME Oppenheimer Global Strategic Income Fund/VA, Service Shares 2,3 No riders, no surrender charge, qualified plan (06/26/2006) (05/03/1993) 1.52% 0.83% 13.78% 13.78% 4.23% % 13.78% 4.23% 5.51% 6.21% 5.60% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/03/1993) -5.82% -6.48% 5.55% 5.55% 1.49% % 5.55% 1.49% 4.13% 5.88% 5.39% INTERNATIONAL FIXED INCOME RVST RiverSource Variable Portfolio - Global Bond Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (05/01/1996) 1.30% -1.23% 5.67% 5.67% 4.82% % 5.67% 4.82% 5.40% 5.54% 4.73% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/1996) -6.02% -8.48% -2.18% -2.18% 2.11% % -2.18% 2.11% 4.02% 5.21% 4.52% HIGH-YIELD FIXED INCOME Columbia High Yield Fund, Variable Series, Class B 4 No riders, no surrender charge, qualified plan (06/26/2006) (07/07/2000) 1.42% 2.00% 10.94% 10.94% 5.69% % 10.94% 5.69% 5.60% 7.60% 6.63% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (07/07/2000) -5.90% -5.41% 2.71% 2.71% 3.02% % 2.71% 3.02% 4.23% 7.28% 6.42% Eaton Vance VT Floating-Rate Income Fund No riders, no surrender charge, qualified plan (06/26/2006) (05/02/2001) 0.83% 2.57% 8.18% 8.18% 3.78% % 8.18% 3.78% 3.32% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/02/2001) -6.46% -4.88% 0.13% 0.13% 1.03% % 0.13% 1.03% 1.85% % RVST RiverSource Variable Portfolio - High Yield Bond Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (05/01/1996) 2.42% 3.66% 12.98% 12.98% 8.53% % 12.98% 8.53% 7.24% 6.81% 5.01% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/1996) -4.99% -3.88% 4.75% 4.75% 5.98% % 4.75% 5.98% 5.93% 6.48% 4.80% RVST RiverSource Variable Portfolio - Income Opportunities Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (06/01/2004) 1.91% 2.74% 12.08% 12.08% 8.39% % 12.08% 8.39% 6.76% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (06/01/2004) -5.46% -4.72% 3.84% 3.84% 5.84% % 3.84% 5.84% 5.44% % BALANCED PIMCO VIT All Asset Portfolio, Advisor Share Class No riders, no surrender charge, qualified plan (06/26/2006) (04/30/2003) 1.19% 0.87% 12.03% 12.03% 3.98% % 12.03% 3.98% 4.56% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (04/30/2003) -6.12% -6.45% 3.81% 3.81% 1.23% % 3.81% 1.23% 3.14% % RVST RiverSource Variable Portfolio - Balanced Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (04/30/1986) 5.08% 7.38% 11.56% 11.56% -1.54% % 11.56% -1.54% 1.77% 1.09% 6.74% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (04/30/1986) -2.53% -0.46% 3.33% 3.33% -4.34% % 3.33% -4.34% 0.24% 0.70% 6.52% LARGE CAP STOCK AllianceBernstein VP Growth and Income Portfolio (Class B) 5 No riders, no surrender charge, qualified plan (06/26/2006) (01/14/1991) 5.62% 9.07% 11.83% 11.83% -7.78% % 11.83% -7.78% -1.11% 0.81% 7.33% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/14/1991) -2.03% 1.09% 3.60% 3.60% % % 3.60% % -2.70% 0.42% 7.12% AllianceBernstein VP Large Cap Growth Portfolio (Class B) No riders, no surrender charge, qualified plan (06/26/2006) (06/26/1992) 6.18% 13.23% 8.88% 8.88% -4.07% % 8.88% -4.07% -0.42% -1.95% 7.30% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (06/26/1992) -1.51% 5.18% 0.77% 0.77% -7.02% % 0.77% -7.02% -1.96% -2.37% 7.09% American Century VP Ultra, Class II 6 No riders, no surrender charge, qualified plan (06/26/2006) (05/01/2001) 5.12% 11.82% 14.82% 14.82% -3.97% % 14.82% -3.97% 0.32% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/2001) -2.49% 3.76% 6.59% 6.59% -6.92% % 6.59% -6.92% -1.20% % Page 11 of 18

12 Performance Update Average Annual Total Returns Commencement of the YTD 1-yr. 3-yr. 5-yr. 10-yr. Average Annual Total Returns of the 1-yr. 3-yr. 5-yr. 10-yr. LARGE CAP STOCK (CONT.) American Century VP Value, Class II 7,8 No riders, no surrender charge, qualified plan (06/26/2006) (05/01/1996) 7.68% 9.13% 12.06% 12.06% -1.18% % 12.06% -1.18% 1.25% 4.45% 6.68% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/1996) -0.13% 1.15% 3.84% 3.84% -3.95% % 3.84% -3.95% -0.28% 4.11% 6.47% Columbia Marsico Growth Fund, Variable Series Class A No riders, no surrender charge, qualified plan (06/26/2006) (03/27/1998) 5.24% 13.47% 20.50% 20.50% -3.16% % 20.50% -3.16% 2.15% 1.55% 5.06% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (03/27/1998) -2.38% 5.41% 12.26% 12.26% -6.07% % 12.26% -6.07% 0.62% 1.17% 4.85% Fidelity VIP Contrafund Portfolio Service Class 2 9,10 No riders, no surrender charge, qualified plan (06/26/2006) (01/03/1995) 7.44% 11.96% 15.92% 15.92% -4.02% % 15.92% -4.02% 2.59% 4.02% 9.79% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/03/1995) -0.35% 3.90% 7.69% 7.69% -6.98% % 7.69% -6.98% 1.07% 3.67% 9.58% Fidelity VIP Growth & Income Portfolio Service Class 2 No riders, no surrender charge, qualified plan (06/26/2006) (01/03/1995) Performance information not available at time of distribution. No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/03/1995) Performance information not available at time of distribution. FTVIPT Mutual Shares Securities Fund - Class 2 11,12 No riders, no surrender charge, qualified plan (06/26/2006) (11/08/1996) 5.53% 6.80% 10.24% 10.24% -4.95% % 10.24% -4.95% 0.67% 3.84% 5.76% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (11/08/1996) -2.11% -0.99% 2.01% 2.01% -7.96% % 2.01% -7.96% -0.85% 3.48% 5.55% Goldman Sachs VIT Structured U.S. Equity Fund - Institutional Shares No riders, no surrender charge, qualified plan (06/26/2006) (02/13/1998) 6.78% 10.26% 11.87% 11.87% -5.69% % 11.87% -5.69% -1.75% -0.45% 1.44% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (02/13/1998) -0.96% 2.20% 3.65% 3.65% -8.75% % 3.65% -8.75% -3.38% -0.85% 1.24% Invesco V.I. Capital Appreciation Fund, Series I Shares No riders, no surrender charge, qualified plan (06/26/2006) (05/05/1993) Performance information not available at time of distribution. No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/05/1993) Performance information not available at time of distribution. Invesco V.I. Capital Appreciation Fund, Series II Shares 6,13 No riders, no surrender charge, qualified plan (06/26/2006) (05/05/1993) 4.71% 12.20% 14.21% 14.21% -8.06% % 14.21% -8.06% -1.97% -2.87% 5.06% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/05/1993) -2.87% 4.15% 5.98% 5.98% % % 5.98% % -3.62% -3.32% 4.85% Invesco Van Kampen V.I. Comstock Fund, Series II Shares No riders, no surrender charge, qualified plan (06/26/2006) (04/30/1999) 7.46% 10.78% 14.70% 14.70% -2.42% % 14.70% -2.42% 0.69% 2.18% 3.53% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (04/30/1999) -0.33% 2.73% 6.47% 6.47% -5.28% % 6.47% -5.28% -0.83% 1.81% 3.32% Janus Aspen Series Janus Portfolio: Service Shares No riders, no surrender charge, qualified plan (05/01/2007) (09/13/1993) 5.52% 8.62% 13.27% 13.27% -3.09% % 13.27% -3.09% 2.68% -1.54% 5.89% No riders, 10 yr surrender charge, non-qualified plan (05/01/2007) (09/13/1993) -2.12% 0.68% 5.04% 5.04% -5.98% % 5.04% -5.98% 1.18% -1.95% 5.68% MFS Investors Growth Stock Series - Service Class 14 No riders, no surrender charge, qualified plan (06/26/2006) (05/03/1999) 6.33% 11.25% 11.18% 11.18% -1.43% % 11.18% -1.43% 2.32% -2.07% 0.42% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/03/1999) -1.37% 3.19% 2.96% 2.96% -4.22% % 2.96% -4.22% 0.79% -2.49% 0.22% Oppenheimer Value Fund/VA No riders, no surrender charge, qualified plan (09/15/2006) (01/02/2003) 7.81% 12.41% 13.82% 13.82% -4.70% % 13.82% -4.70% 0.48% % No riders, 10 yr surrender charge, non-qualified plan (09/15/2006) (01/02/2003) -0.01% 4.35% 5.59% 5.59% -7.70% % 5.59% -7.70% -1.04% % RVST RiverSource Variable Portfolio - Diversified Equity Income Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (09/15/1999) 7.85% 12.11% 15.83% 15.83% -4.77% % 15.83% -4.77% 1.89% 5.12% 4.77% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (09/15/1999) 0.03% 4.06% 7.59% 7.59% -7.78% % 7.59% -7.78% 0.35% 4.78% 4.57% RVST RiverSource Variable Portfolio - Dynamic Equity Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (10/13/1981) 6.00% 11.35% 16.32% 16.32% -6.38% % 16.32% -6.38% -0.87% -1.62% 7.76% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (10/13/1981) -1.68% 3.30% 8.09% 8.09% -9.49% % 8.09% -9.49% -2.45% -2.04% 7.54% RVST RiverSource Variable Portfolio - S&P 500 Index Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (05/01/2000) 6.60% 10.41% 13.72% 13.72% -3.97% % 13.72% -3.97% 1.05% 0.09% -0.94% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/2000) -1.13% 2.36% 5.48% 5.48% -6.92% % 5.48% -6.92% -0.48% -0.30% -1.14% RVST Seligman Variable Portfolio - Growth Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (09/15/1999) 5.81% 12.47% 16.16% 16.16% -4.53% % 16.16% -4.53% -0.42% -3.74% -3.67% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (09/15/1999) -1.86% 4.41% 7.92% 7.92% -7.53% % 7.92% -7.53% -1.97% -4.21% -3.87% RVST Seligman Variable Portfolio - Larger-Cap Value Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (02/04/2004) 8.11% 12.20% 19.49% 19.49% -3.58% % 19.49% -3.58% 0.87% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (02/04/2004) 0.26% 4.14% 11.24% 11.24% -6.52% % 11.24% -6.52% -0.66% % RVST Variable Portfolio - Davis New York Venture Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (05/01/2006) 6.75% 10.13% 10.56% 10.56% -4.31% % 10.56% -4.31% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/2006) -0.99% 2.07% 2.34% 2.34% -7.27% % 2.34% -7.27% % Wells Fargo Advantage VT Core Equity Fund Class 2 No riders, no surrender charge, qualified plan (06/26/2006) (03/01/1996) 7.25% 11.46% 15.18% 15.18% 0.97% % 15.18% 0.97% 4.20% 2.99% 6.54% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (03/01/1996) -0.53% 3.41% 6.95% 6.95% -1.75% % 6.95% -1.75% 2.76% 2.63% 6.33% Page 12 of 18

13 Performance Update Average Annual Total Returns Commencement of the YTD 1-yr. 3-yr. 5-yr. 10-yr. Average Annual Total Returns of the 1-yr. 3-yr. 5-yr. 10-yr. MID CAP STOCK American Century VP Mid Cap Value, Class II No riders, no surrender charge, qualified plan (06/26/2006) (10/29/2004) 7.73% 10.77% 17.95% 17.95% 4.34% % 17.95% 4.34% 5.54% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (10/29/2004) -0.09% 2.71% 9.71% 9.71% 1.61% % 9.71% 1.61% 4.17% % Fidelity VIP Mid Cap Portfolio Service Class 2 15,16 No riders, no surrender charge, qualified plan (06/26/2006) (12/28/1998) 3.18% 9.01% 27.46% 27.46% 1.87% % 27.46% 1.87% 6.14% 8.59% 13.53% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (12/28/1998) -4.28% 1.04% 19.21% 19.21% -0.90% % 19.21% -0.90% 4.79% 8.27% 13.31% Goldman Sachs VIT Mid Cap Value Fund - Institutional Shares No riders, no surrender charge, qualified plan (06/26/2006) (02/04/2004) Performance information not available at time of distribution. No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (02/04/2004) Performance information not available at time of distribution. Invesco V.I. Capital Development Fund, Series II Shares 6,13 No riders, no surrender charge, qualified plan (06/26/2006) (05/01/1998) 6.02% 12.27% 17.45% 17.45% -4.67% % 17.45% -4.67% 1.82% 2.53% 3.97% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/1998) -1.66% 4.22% 9.22% 9.22% -7.68% % 9.22% -7.68% 0.28% 2.17% 3.76% Morgan Stanley UIF Mid Cap Growth Portfolio, Class II Shares No riders, no surrender charge, qualified plan (06/26/2006) (10/18/1999) 4.89% 11.26% 31.13% 31.13% 2.55% % 31.13% 2.55% 7.24% 2.92% 4.82% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (10/18/1999) -2.70% 3.20% 22.87% 22.87% -0.25% % 22.87% -0.25% 5.94% 2.56% 4.61% Neuberger Berman AMT Socially Responsive Portfolio S Class No riders, no surrender charge, qualified plan (06/26/2006) (02/18/1999) 6.49% 12.64% 21.70% 21.70% -1.66% % 21.70% -1.66% 2.65% 3.86% 4.21% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (02/18/1999) -1.23% 4.58% 13.46% 13.46% -4.48% % 13.46% -4.48% 1.14% 3.50% 4.00% RVST RiverSource Variable Portfolio - Mid Cap Growth Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (05/01/2001) 7.77% 14.42% 25.20% 25.20% 3.50% % 25.20% 3.50% 4.37% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/2001) -0.05% 6.36% 16.94% 16.94% 0.73% % 16.94% 0.73% 2.94% % RVST RiverSource Variable Portfolio - Mid Cap Value Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (05/02/2005) 7.68% 13.80% 21.46% 21.46% -2.63% % 21.46% -2.63% 2.92% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/02/2005) -0.13% 5.74% 13.21% 13.21% -5.51% % 13.21% -5.51% 1.43% % RVST Variable Portfolio - Goldman Sachs Mid Cap Value Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (02/04/2004) 7.61% 12.44% 20.82% 20.82% 0.89% % 20.82% 0.89% 4.39% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (02/04/2004) -0.20% 4.38% 12.57% 12.57% -1.84% % 12.57% -1.84% 2.96% % Wells Fargo Advantage VT Opportunity Fund Class 2 No riders, no surrender charge, qualified plan (06/26/2006) (05/08/1992) 6.38% 12.06% 22.69% 22.69% 2.18% % 22.69% 2.18% 4.64% 4.00% 10.39% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/08/1992) -1.33% 4.00% 14.45% 14.45% -0.59% % 14.45% -0.59% 3.23% 3.64% 10.17% SMALL CAP STOCK FTVIPT Franklin Small Cap Value Securities Fund - Class 2 11,17 No riders, no surrender charge, qualified plan (06/26/2006) (05/01/1998) 9.04% 17.40% 27.12% 27.12% 2.62% % 27.12% 2.62% 3.94% 7.88% 5.87% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/1998) 1.12% 9.34% 18.87% 18.87% -0.17% % 18.87% -0.17% 2.49% 7.56% 5.66% Legg Mason ClearBridge Variable Small Cap Growth Portfolio, Class I No riders, no surrender charge, qualified plan (04/27/2007) (11/08/1999) 4.65% 12.92% 24.10% 24.10% 1.06% % 24.10% 1.06% 4.71% 2.76% 5.65% No riders, 10 yr surrender charge, non-qualified plan (04/27/2007) (11/08/1999) -2.92% 4.86% 15.86% 15.86% -1.67% % 15.86% -1.67% 3.30% 2.39% 5.44% Oppenheimer Main Street Small Cap Fund/VA, Service Shares 18 No riders, no surrender charge, qualified plan (06/26/2006) (05/01/1998) 6.61% 13.45% 22.00% 22.00% 0.57% % 22.00% 0.57% 2.48% 5.52% 5.29% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/1998) -1.12% 5.39% 13.75% 13.75% -2.15% % 13.75% -2.15% 0.96% 5.18% 5.08% RVST Seligman Variable Portfolio - Smaller-Cap Value Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (09/15/1999) 6.68% 15.18% 25.70% 25.70% 1.97% % 25.70% 1.97% 2.21% 4.29% 5.22% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (09/15/1999) -1.05% 7.12% 17.45% 17.45% -0.79% % 17.45% -0.79% 0.67% 3.94% 5.01% RVST Variable Portfolio - Partners Small Cap Value Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (08/14/2001) 7.67% 13.96% 23.36% 23.36% 4.24% % 23.36% 4.24% 4.95% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (08/14/2001) -0.14% 5.90% 15.11% 15.11% 1.51% % 15.11% 1.51% 3.55% % Wanger USA 19 No riders, no surrender charge, qualified plan (06/26/2006) (05/03/1995) 8.15% 16.17% 22.29% 22.29% 1.02% % 22.29% 1.02% 2.87% 6.79% 10.90% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/03/1995) 0.30% 8.11% 14.04% 14.04% -1.72% % 14.04% -1.72% 1.37% 6.46% 10.68% Wells Fargo Advantage VT Small Cap Growth Fund Class 2 No riders, no surrender charge, qualified plan (06/26/2006) (05/01/1995) 7.81% 17.94% 25.68% 25.68% 3.36% % 25.68% 3.36% 8.69% 1.54% 4.68% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/1995) -0.01% 9.88% 17.43% 17.43% 0.58% % 17.43% 0.58% 7.44% 1.16% 4.47% WORLD STOCK Oppenheimer Global Securities Fund/VA, Service Shares No riders, no surrender charge, qualified plan (06/26/2006) (11/12/1990) 6.77% 8.63% 14.71% 14.71% -2.14% % 14.71% -2.14% 2.78% 3.79% 9.10% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (11/12/1990) -0.97% 0.69% 6.48% 6.48% -4.98% % 6.48% -4.98% 1.28% 3.44% 8.88% Page 13 of 18

14 Performance Update Average Annual Total Returns Commencement of the YTD 1-yr. 3-yr. 5-yr. 10-yr. Average Annual Total Returns of the 1-yr. 3-yr. 5-yr. 10-yr. INTERNATIONAL STOCK AllianceBernstein VP International Value Portfolio (Class B) 20,21 No riders, no surrender charge, qualified plan (06/26/2006) (05/10/2001) 8.03% 6.43% 3.40% 3.40% % % 3.40% % -2.21% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/10/2001) 0.20% -1.33% -4.26% -4.26% % % -4.26% % -3.86% % Columbia Marsico International Opportunities Fund, Variable Series Class B No riders, no surrender charge, qualified plan (06/26/2006) (03/27/1998) 6.18% 7.68% 12.75% 12.75% -7.67% % 12.75% -7.67% 2.68% 5.47% 6.04% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (03/27/1998) -1.51% -0.18% 4.52% 4.52% % % 4.52% % 1.17% 5.13% 5.83% Dreyfus VIF International Equity Portfolio, Service Shares No riders, no surrender charge, qualified plan (06/26/2006) (05/02/1994) 6.32% 7.92% 8.79% 8.79% -8.37% % 8.79% -8.37% 1.70% 2.26% 4.62% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/02/1994) -1.38% 0.05% 0.69% 0.69% % % 0.69% % 0.17% 1.88% 4.41% Fidelity VIP Overseas Portfolio Service Class 2 6,10 No riders, no surrender charge, qualified plan (06/26/2006) (01/28/1987) 7.47% 9.41% 11.86% 11.86% -8.05% % 11.86% -8.05% 1.05% 1.98% 5.15% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/28/1987) -0.32% 1.41% 3.63% 3.63% % % 3.63% % -0.48% 1.61% 4.94% Invesco V.I. International Growth Fund, Series II Shares No riders, no surrender charge, qualified plan (06/26/2006) (05/05/1993) 6.80% 7.18% 11.64% 11.64% -4.18% % 11.64% -4.18% 4.83% 3.85% 6.76% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/05/1993) -0.94% -0.64% 3.41% 3.41% -7.14% % 3.41% -7.14% 3.42% 3.49% 6.54% Neuberger Berman AMT International Portfolio S Class No riders, no surrender charge, qualified plan (06/26/2006) (04/29/2005) 9.20% 8.50% 20.96% 20.96% -5.04% % 20.96% -5.04% 1.41% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (04/29/2005) 1.27% 0.57% 12.72% 12.72% -8.08% % 12.72% -8.08% -0.13% % RVST Threadneedle Variable Portfolio - Emerging Markets Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (05/01/2000) 6.69% 7.05% 18.73% 18.73% -2.04% % 18.73% -2.04% 11.32% 13.54% 9.36% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/01/2000) -1.04% -0.76% 10.48% 10.48% -4.88% % 10.48% -4.88% 10.16% 13.25% 9.15% RVST Threadneedle Variable Portfolio - International Opportunity Fund (Class 3) No riders, no surrender charge, qualified plan (06/26/2006) (01/13/1992) 6.52% 7.23% 12.91% 12.91% -5.54% % 12.91% -5.54% 3.00% 1.02% 3.96% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/13/1992) -1.19% -0.60% 4.68% 4.68% -8.60% % 4.68% -8.60% 1.51% 0.64% 3.75% Wanger International 22,23 No riders, no surrender charge, qualified plan (06/26/2006) (05/03/1995) 7.16% 8.53% 23.84% 23.84% -0.29% % 23.84% -0.29% 9.23% 9.07% 13.78% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/03/1995) -0.61% 0.61% 15.60% 15.60% -3.03% % 15.60% -3.03% 8.00% 8.76% 13.56% Wells Fargo Advantage VT International Equity Fund Class 2 24,25,26,27 No riders, no surrender charge, qualified plan (06/26/2006) (08/17/1998) 7.39% 9.29% 15.50% 15.50% -8.53% % 15.50% -8.53% 1.18% 2.97% 3.96% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (08/17/1998) -0.39% 1.30% 7.27% 7.27% % % 7.27% % -0.35% 2.60% 3.76% SPECIALTY/SECTOR AllianceBernstein VPS Global Thematic Growth Portfolio (Class B) No riders, no surrender charge, qualified plan (06/26/2006) (01/11/1996) 6.29% 13.04% 17.56% 17.56% -2.42% % 17.56% -2.42% 3.49% -2.57% 4.60% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/11/1996) -1.41% 4.99% 9.33% 9.33% -5.27% % 9.33% -5.27% 2.02% -3.01% 4.39% Credit Suisse Trust - Commodity Return Strategy Portfolio 28 No riders, no surrender charge, qualified plan (06/26/2006) (02/28/2006) 10.41% 15.56% 15.66% 15.66% -3.46% % 15.66% -3.46% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (02/28/2006) 2.39% 7.50% 7.42% 7.42% -6.38% % 7.42% -6.38% % FTVIPT Franklin Global Real Estate Securities Fund - Class 2 29 No riders, no surrender charge, qualified plan (06/26/2006) (01/24/1989) 6.20% 6.23% 19.93% 19.93% -6.85% % 19.93% -6.85% -5.39% 4.97% 7.41% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/24/1989) -1.50% -1.51% 11.69% 11.69% % % 11.69% % -7.29% 4.63% 7.19% Invesco V.I. Financial Services Fund, Series II Shares No riders, no surrender charge, qualified plan (06/26/2006) (09/21/1999) 11.32% 9.63% 9.15% 9.15% % % 9.15% % % -6.09% -2.74% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (09/21/1999) 3.30% 1.61% 1.02% 1.02% % % 1.02% % % -6.63% -2.93% Invesco V.I. Global Health Care Fund, Series II Shares 30 No riders, no surrender charge, qualified plan (06/26/2006) (05/21/1997) 4.17% 4.36% 4.09% 4.09% -2.46% % 4.09% -2.46% 1.32% -0.01% 5.58% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (05/21/1997) -3.37% -3.24% -3.63% -3.63% -5.29% % -3.63% -5.29% -0.20% -0.40% 5.37% MFS Utilities Series - Service Class 14,31 No riders, no surrender charge, qualified plan (06/26/2006) (01/03/1995) 4.91% 8.04% 12.53% 12.53% -2.97% % 12.53% -2.97% 8.46% 5.56% 11.44% No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (01/03/1995) -2.68% 0.15% 4.31% 4.31% -5.85% % 4.31% -5.85% 7.20% 5.22% 11.22% Morgan Stanley UIF Global Real Estate Portfolio, Class II Shares 29 No riders, no surrender charge, qualified plan (06/26/2006) (04/28/2006) 5.97% 5.55% 21.26% 21.26% -2.12% % 21.26% -2.12% % No riders, 10 yr surrender charge, non-qualified plan (06/26/2006) (04/28/2006) -1.71% -2.14% 13.02% 13.02% -4.97% % 13.02% -4.97% % FUNDS OF FUNDS RVST Disciplined Asset Allocation Portfolios Aggressive 32 No riders, no surrender charge, qualified plan (05/01/2008) (05/01/2008) 5.37% 7.87% 11.56% 11.56% % 11.56% % No riders, 10 yr surrender charge, non-qualified plan (05/01/2008) (05/01/2008) -2.27% 0.00% 3.33% 3.33% % 3.33% % Page 14 of 18

15 Performance Update Average Annual Total Returns Commencement of the YTD 1-yr. 3-yr. 5-yr. 10-yr. Average Annual Total Returns of the 1-yr. 3-yr. 5-yr. 10-yr. FUNDS OF FUNDS (CONT.) RVST Disciplined Asset Allocation Portfolios Conservative 32 No riders, no surrender charge, qualified plan (05/01/2008) (05/01/2008) 1.62% 2.15% 7.83% 7.83% % 7.83% % No riders, 10 yr surrender charge, non-qualified plan (05/01/2008) (05/01/2008) -5.73% -5.27% -0.19% -0.19% % -0.19% % RVST Disciplined Asset Allocation Portfolios Moderate 32 No riders, no surrender charge, qualified plan (05/01/2008) (05/01/2008) 3.60% 5.07% 9.43% 9.43% % 9.43% % No riders, 10 yr surrender charge, non-qualified plan (05/01/2008) (05/01/2008) -3.90% -2.58% 1.27% 1.27% % 1.27% % RVST Disciplined Asset Allocation Portfolios Moderately Aggressive 32 No riders, no surrender charge, qualified plan (05/01/2008) (05/01/2008) 4.40% 6.37% 10.42% 10.42% % 10.42% % No riders, 10 yr surrender charge, non-qualified plan (05/01/2008) (05/01/2008) -3.15% -1.39% 2.19% 2.19% % 2.19% % RVST Disciplined Asset Allocation Portfolios Moderately Conservative 32 No riders, no surrender charge, qualified plan (05/01/2008) (05/01/2008) 2.58% 3.56% 8.71% 8.71% % 8.71% % No riders, 10 yr surrender charge, non-qualified plan (05/01/2008) (05/01/2008) -4.84% -3.97% 0.61% 0.61% % 0.61% % RVST Variable Portfolio - Aggressive Portfolio (Class 2) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 5.42% 8.31% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -2.22% 0.39% % % RVST Variable Portfolio - Aggressive Portfolio (Class 4) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 5.42% 8.20% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -2.22% 0.30% % % RVST Variable Portfolio - Conservative Portfolio (Class 2) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 0.87% 1.50% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -6.42% -5.86% % % RVST Variable Portfolio - Conservative Portfolio (Class 4) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 0.97% 1.60% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -6.33% -5.77% % % RVST Variable Portfolio - Moderate Portfolio (Class 2) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 3.29% 4.91% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -4.19% -2.73% % % RVST Variable Portfolio - Moderate Portfolio (Class 4) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 3.19% 4.81% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -4.27% -2.82% % % RVST Variable Portfolio - Moderately Aggressive Portfolio (Class 2) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 4.39% 6.63% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -3.17% -1.15% % % RVST Variable Portfolio - Moderately Aggressive Portfolio (Class 4) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 4.38% 6.62% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -3.17% -1.15% % % RVST Variable Portfolio - Moderately Conservative Portfolio (Class 2) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 2.09% 3.22% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -5.29% -4.29% % % RVST Variable Portfolio - Moderately Conservative Portfolio (Class 4) 33 No riders, no surrender charge, qualified plan (05/07/2010) (05/07/2010) 2.09% 3.22% % % No riders, 10 yr surrender charge, non-qualified plan (05/07/2010) (05/07/2010) -5.29% -4.29% % % Page 15 of 18

16 Issued by RiverSource Life Insurance Company (RiverSource Life) RiverSource Life Insurance Company 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 risk tolerance, your age and how you intend to use the annuity. The different features and benefits may include the investment options, fund managers, interest rate amounts, guarantees, bonus crediting, surrender charge schedules, optional riders and access to annuity account values. The fees and charges may also be different among the annuity contracts we offer. Keep in mind that all guarantees are based on the continued claims paying ability of the issuing company and on variable annuities do not apply to the performance of the variable subaccounts, which will vary with market conditions. 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. Micro-cap: Micro-cap companies involve considerably more risk than investments in securities of larger-cap companies (see Investment Risks in the fund s prospectus). 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. Tax-exempt funds: Income from taxexempt 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 Shares of the Fund are not insured or guaranteed by the U.S. government. 2 Oppenheimer Funds, Inc. will reduce the management fee by 0.10% as long as the fund s trailing 12-month performance at the end of the quarter is in the fifth Lipper peer group quintile; and by 0.05% as long as it is in fourth quintile. The waiver is voluntary and may be terminated by the Manager at any time. 3 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. 4 Higher yield corporate (junk) bond prices may fluctuate more broadly than prices of higher quality bonds. Risk of principal and income also is greater than with higher quality securities. 5 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. 6 There are special risk considerations associated with international investing related to market, currency, economic, political and other factors. 7 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. Page 16 of 18 8 Stock prices of established companies that pay dividends may be less volatile than the stock market as a whole. Stocks of medium-sized companies may be subject to more abrupt or erratic price movements than stocks of larger companies. 9 The value of the fund s domestic and foreign investments will vary from dayto-day in response to many factors. Stock values fluctuate in response to the activities of individual companies, and general market and economic conditions. The securities of small, less well-known companies may be more volatile than those of larger companies. 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 are those of the Service Class, which reflect a 12b-1 fee of 0.10%. Service Class 2 returns prior to Nov. 3, 1997 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 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. 12 Stocks offer the potential for long-term gains but can be subject to short-term up and down price movements. Small company securities involve special risks such as relatively small revenues, limited product lines, and small market share. Investments in companies involved in mergers, liquidations, reorganizations and distressed bankruptcy, which may include defaulted debt, involve higher credit and other risks. The Fund may invest a small portion in foreign securities which involve special risks including currency fluctuations and political uncertainty.

17 Issued by RiverSource Life Insurance Company (RiverSource Life) 13 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. 14 Service Class shares commenced operations in May Service Class shares carry a 0.25% annual Rule 12b-1 fee. Service Class share performance includes the performance of the series Initial Class shares for periods prior to the inception of Service Class shares (blended performance). These blended performance figures have not been adjusted to take into account differences in the class-specific operating expenses (such as Rule 12b-1 fees). Because operating expenses of Service Class shares are higher than those of Initial class shares, the blended Service Class share performance is higher than it would have been had the Service Class shares been offered for the entire period. 15 Stocks of medium-sized companies may be subject to more abrupt or erratic price movements than stocks of larger companies. There are special risk considerations associated with international investing related to market, currency, economic, political and other factors. 16 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 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. 17 Stocks offer the potential for long-term gains but can be subject to short-term up and down price movements. 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. 18 While generally the Fund has invested under 10% in foreign securities, which are subject to exchange rate and political uncertainties, it can invest up to 25% in foreign securities. 19 Small-cap stocks are often more volatile and less liquid than the stocks of larger companies. Small companies may have a shorter history of operations than larger companies and may have a less diversified product line, making them more susceptible to market pressure. 20 Because Class B shares were not offered until Aug. 15, 2001, standardized Class A fund performance for prior periods represents historical results of Class A shares. For periods beginning Aug. 15, 2001, Class B's results reflect an additional 12b-1 fee expense, which also affects future performance. 21 Foreign risk is the risk of investments in issuers located in foreign countries. Because the Portfolio invests in foreign securities, it is subject to this risk. Investments in foreign securities may experience more rapid and extreme changes in value than investments in securities of U.S. companies. This is because the securities markets of many foreign countries are relatively small, with a limited number of companies representing a small number of industries. Additionally, foreign securities issuers are not usually subject to the same degree of regulation as U.S. issuers. Reporting, accounting, and auditing standards of foreign countries differ, in some cases significantly, from U.S. standards. Also, nationalization, expropriation or confiscatory taxation, currency blockage, political changes, or diplomatic developments could adversely affect the Portfolio s investments in a foreign country. In the event of nationalization, expropriation, or other confiscation, the Portfolio could lose its entire investment. 22 Investments in foreign securities have special risks, including political or economic instability, higher costs, different regulations, accounting standards, trading practices and levels of information, and currency exchange rate fluctuations. Small-cap stocks are often more volatile and less liquid than the stocks of larger companies. Small companies may have a shorter history of operations than larger companies and may have a less diversified product line, making them more susceptible to market pressure. 23 The Fund's performance during 1999 was achieved during extraordinary market conditions. Page 17 of Historical performance shown for Class 2 prior to its inception is based on the performance of Class 1, the original class offered. These historical returns have not been adjusted to reflect the effect of the 0.25% 12b-1 fees applicable to Class 2 shares. Class 1 does not pay 12b-1 fees. If these fees had been reflected, returns would have been lower. The investment return and principal value of an investment will fluctuate so that investors shares, when redeemed, may be worth more or less than their original cost. Performance includes the reinvestment of income dividends and capital gain distributions. 25 Funds that invest in high-yield, lowerrated bonds may contain more risk due to the increased possibility of default. 26 Foreign investments may contain more risk due to the inherent risks associated with changing political climates, foreign market instability and foreign currency fluctuations. 27 Smaller capitalization stock investing may offer the potential for greater long-term results, however, it is also generally associated with greater price volatility due to the higher risk of failure. 28 Commodities may be highly volatile and the fund carries significant risk due to this volatility. 29 An investment in real estate carries significant risk including interest rate risk, market risk, default and foreclosure risk. 30 The fund carries greater risk than a broad based investment as a down turn in the health care industry may have significant negative consequences on the fund. 31 This fund has a higher concentration of investments in the Utilities sector and may be subject to a higher degree of market risk than a fund whose investments are more diversified. 32 Disciplined Asset Allocation Portfolios are part of RiverSource Variable Series Trust funds that are managed by Columbia Management Investment Advisors, LLC. Columbia Management Investment Advisors, LLC as well as RiverSource Life Insurance Company and RiverSource Life Insurance Co. of New York are affiliates of Ameriprise Financial, Inc. Each receives revenue from assets allocated to subaccounts investing in the Disciplined Asset Allocation Portfolios.

18 33 The Portfolio Navigator program funds of funds are sold exclusively as underlying investment options of variable annuity and life insurance products offered by RiverSource Life Insurance Company and RiverSource Life Insurance Co. of New York (collectively, RiverSource Life). The program allows you to allocate your contract or policy values to subaccounts that invest in RiverSource Variable Series Trust funds of funds managed by Columbia Management Investment Advisers, LLC, an affiliate of RiverSource Life. RiverSource Life, Columbia Management Investment Advisers, LLC and their affiliates may receive revenue related to assets allocated to the funds of funds. Prior to participating in the program, you should read the description contained in the applicable variable product and funds of funds prospectuses. RiverSource Life Insurance Company 9549 Ameriprise Financial Center Minneapolis, MN RiverSource Distributors, Inc. (Distributor), Member FINRA. Insurance and annuity products are issued by RiverSource Life Insurance Company. Both companies are affiliated with Ameriprise Financial Services, Inc RiverSource Life Insurance Company. All rights reserved. Page 18 of 18