Issued by RiverSource Life Insurance Company (RiverSource Life) A Flexible-Premium, Deferred Combination Fixed/Variable Annuity Performance for Annuities for the Quarter End 12/31/06 and Month End 1/31/07. The performance information shown represent past performance and is no guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by calling the RiverSource Life Customer Service line at (800) 333-3437. This information is authorized for use when preceded or accompanied by a current annuity prospectus. You should consider the investment objectives, risks, charges and expenses of the underlying investment options carefully before investing. For a free copy of the underlying investment s prospectus, which contains this and other information about variable annuities, call (800) 333-3437. Read the prospectus carefully before you invest. We show actual performance from the date the subaccounts began investing in the funds. We also show performance from the commencement date of the funds as if the annuity existed at that time, which it did not. Variable annuities are insurance products that are complex long-term investment vehicles. Before you invest, be sure to ask your investment professional about the variable annuity s features, benefits, risks and fees, and whether the variable annuity is appropriate for you, based upon your financial situation and objectives. The benefits of tax deferral may outweigh the costs of a variable annuity only if you hold it as a long-term investment. Variable annuities are subject to market risk including the potential loss of principal invested. Current applicable charges deducted from performance include a 1.15% total base variable account expense, a $30 contract administrative charge, a 0.10% Maximum Anniversary Value Death Benefit fee, a 0.40% Benefit Protector SM Plus Death Benefit Rider fee, and a declining 8% withdrawal charge on purchase payments less than eight years old. Premium taxes are not reflected in these total returns. Keep in mind that because an annuity is a tax-deferred vehicle, in most cases it is subject to a 10% IRS penalty if the assets are withdrawn before age 59 1 /2. *An investment in the Cash Management Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. The 7-day yields shown reflect more closely the earnings of the fund than the total return numbers. Short-term yields may be higher or lower than the figures shown. Contact your advisor or call (800) 333-3437 for the most current yield. Most annuities have a tax-deferred feature. So do many retirement plans under the Internal Revenue Code. As a result, when you use an annuity to fund a retirement plan that is tax-deferred, your annuity will not provide any necessary or additional tax deferral for that retirement plan. But annuities do have features other than tax deferral that may help you reach your retirement goals. You should consult your tax advisor prior to making a purchase for an explanation of the tax implications to you. VARIABLE ANNUITIES: ARE NOT A DEPOSIT OF ANY BANK OR ANY BANK AFFILIATE ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT BANK GUARANTEED MAY LOSE VALUE Page 1 of 5
Performance for Annuities for the Quarter End 12/31/06 and Month End 1/31/07. Riders = Maximum Anniversary Value Death Benefit; Benefit Protector SM Plus Death Benefit Rider. Average Annual Total Returns Since Commencement of the Subaccount Average Annual Total Returns of the Subaccount Since Commencement of the Fund Sub- 1-month 3-month YTD As of Quarter End As of Quarter End account Fund Through Through Through Since Since Subaccount Inception Inception 1/31/07 1/31/07 1/31/07 1-yr. 3-yr. 5-yr. 10-yr. Inception** 1-yr. 3-yr. 5-yr. 10-yr. Inception** CASH EQUIVALENTS* RiverSource SM Variable Portfolio - Cash Management Fund No riders, without surrender charges (11/11/99) (10/13/81) 0.30% 0.84% 0.30% 3.27% 1.41% 0.71% 1.56% 3.27% 1.41% 0.71% 2.19% 4.27% Riders, with surrender charges (11/09/99) (10/13/81) -6.97% -6.54% -6.97% -4.67% -1.27% -0.72% 1.07% -4.67% -1.27% -0.72% 1.68% 3.75% RiverSource SM Variable Portfolio-Cash Management Fund s seven-day simple yield was 4.52% and its seven-day compound yield was 4.63% as of quarter-end 12/31/06, as of month-end 1/31/07, its seven-day simple yield was 4.75% and its seven-day compound yield was 4.87%. LONG-/INTERMEDIATE-TERM FIXED INCOME Columbia Federal Securities Fund, Variable Series No riders, without surrender charges (04/07/03) (01/01/89) -0.22% 0.07% -0.22% 2.51% 2.27% 2.20% 2.51% 2.27% 3.34% 4.49% 5.63% Riders, with surrender charges (04/07/03) (01/01/89) -7.46% -7.25% -7.46% -5.36% -0.42% 0.19% -5.36% -0.42% 1.91% 3.97% 5.10% HIGH-YIELD FIXED INCOME Columbia High Yield Fund, Variable Series, Class A No riders, without surrender charges (04/28/06) (07/07/00) 0.48% 3.81% 0.48% 6.87% 9.95% 6.93% 9.88% 7.66% Riders, with surrender charges (04/28/06) (07/07/00) -6.80% -3.81% -6.80% -1.21% 1.46% 4.29% 8.62% 6.91% RiverSource SM Variable Portfolio - High Yield Bond Fund No riders, without surrender charges (11/11/99) (05/01/96) 1.15% 3.84% 1.15% 9.53% 7.43% 7.23% 4.32% 9.53% 7.43% 7.23% 3.90% 4.12% Riders, with surrender charges (11/09/99) (05/01/96) -6.18% -3.78% -6.18% 1.06% 4.81% 5.91% 3.78% 1.06% 4.81% 5.91% 3.37% 3.59% BALANCED Columbia Asset Allocation Fund, Variable Series, Class A No riders, without surrender charges (04/07/03) (01/01/89) 1.26% 4.31% 1.26% 10.49% 8.14% 11.77% 10.49% 8.14% 5.61% 5.12% 7.79% Riders, with surrender charges (04/07/03) (01/01/89) -6.08% -3.36% -6.08% 1.94% 5.55% 9.99% 1.94% 5.55% 4.25% 4.60% 7.25% Fidelity VIP Balanced Portfolio Service Class 1 No riders, without surrender charges (11/11/99) (01/03/95) 1.48% 3.83% 1.48% 10.34% 6.27% 4.68% 2.21% 10.34% 6.27% 4.68% 5.26% 6.14% Riders, with surrender charges (11/09/99) (01/03/95) -5.88% -3.80% -5.88% 1.81% 3.61% 3.30% 1.79% 1.81% 3.61% 3.30% 4.73% 5.61% MFS Total Return Series - Service Class 2 No riders, without surrender charges (10/23/00) (01/03/95) 1.26% 3.85% 1.26% 10.33% 7.08% 5.66% 5.36% 10.33% 7.08% 5.66% 7.30% 9.22% Riders, with surrender charges (05/30/00) (01/03/95) -6.08% -3.78% -6.08% 1.79% 4.45% 4.30% 5.05% 1.79% 4.45% 4.30% 6.76% 8.68% RiverSource SM Variable Portfolio - Balanced Fund No riders, without surrender charges (11/11/99) (04/30/86) 0.74% 3.93% 0.74% 13.05% 7.95% 5.17% 2.17% 13.05% 7.95% 5.17% 5.36% 7.96% Riders, with surrender charges (11/09/99) (04/30/86) -6.56% -3.71% -6.56% 4.49% 5.34% 3.79% 1.77% 4.49% 5.34% 3.79% 4.83% 7.42% LARGE CAP STOCK AIM VI Core Equity Fund, Series I Shares Effective 4/28/06, AIM VI Premier Equity Fund, Series I Shares merged into AIM VI Core Equity Fund, Series I Shares. No riders, without surrender charges (04/28/06) (05/02/94) 1.64% 5.00% 1.64% 8.30% 15.35% 8.95% 5.82% 5.93% 8.38% Riders, with surrender charges (04/28/06) (05/02/94) -5.74% -2.72% -5.74% 0.10% 6.78% 6.38% 4.46% 5.40% 7.84% Columbia Large Cap Growth Stock Fund, Variable Series Class A No riders, without surrender charges (02/25/05) (01/01/89) 2.45% 4.45% 2.45% 8.95% 6.94% 8.95% 3.01% -1.36% 3.08% 8.20% Riders, with surrender charges (02/25/05) (01/01/89) -4.99% -3.24% -4.99% 0.54% 2.22% 0.54% 0.28% -2.86% 2.56% 7.66% Fidelity VIP Growth & Income Portfolio Service Class 1 No riders, without surrender charges (11/11/99) (12/31/96) 1.18% 3.85% 1.18% 11.70% 7.46% 4.53% 1.21% 11.70% 7.46% 4.53% 6.38% 6.38% Riders, with surrender charges (11/09/99) (12/31/96) -6.15% -3.78% -6.15% 3.14% 4.84% 3.14% 0.83% 3.14% 4.84% 3.14% 5.85% 5.85% Janus Aspen Series Large Cap Growth Portfolio: Service Shares 3 No riders, without surrender charges (10/23/00) (09/13/93) 2.10% 4.97% 2.10% 9.84% 5.16% 1.82% -5.57% 9.84% 5.16% 1.82% 4.67% 7.11% Riders, with surrender charges (10/23/00) (09/13/93) -5.30% -2.75% -5.30% 1.35% 2.46% 0.37% -6.47% 1.35% 2.46% 0.37% 4.15% 6.58% MFS Investors Trust Series - Service Class 2 No riders, without surrender charges (10/23/00) (10/09/95) 1.36% 3.72% 1.36% 11.38% 8.97% 3.96% -0.02% 11.38% 8.97% 3.96% 4.96% 6.94% Riders, with surrender charges (10/23/00) (10/09/95) -5.99% -3.91% -5.99% 2.83% 6.41% 2.55% -0.82% 2.83% 6.41% 2.55% 4.44% 6.40% Putnam VT Growth and Income Fund - Class IB Shares 4 No riders, without surrender charges (11/11/99) (02/01/88) 1.75% 6.04% 1.75% 14.57% 9.38% 5.69% 3.43% 14.57% 9.38% 5.69% 6.19% 9.96% Riders, with surrender charges (11/09/99) (02/01/88) -5.63% -1.78% -5.63% 5.99% 6.83% 4.33% 2.89% 5.99% 6.83% 4.33% 5.66% 9.41% RiverSource SM Variable Portfolio - Diversified Equity Income Fund No riders, without surrender charges (11/11/99) (09/15/99) 0.29% 4.55% 0.29% 18.36% 15.76% 11.61% 8.16% 18.36% 15.76% 11.61% 8.31% Riders, with surrender charges (11/09/99) (09/15/99) -6.97% -3.14% -6.97% 9.76% 13.40% 10.39% 7.68% 9.76% 13.40% 10.39% 7.77% Footnotes are placed at the end of the Performance Summary. 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Performance for Annuities for the Quarter End 12/31/06 and Month End 1/31/07. Riders = Maximum Anniversary Value Death Benefit; Benefit Protector SM Plus Death Benefit Rider. Average Annual Total Returns Since Commencement of the Subaccount Average Annual Total Returns of the Subaccount Since Commencement of the Fund Sub- 1-month 3-month YTD As of Quarter End As of Quarter End account Fund Through Through Through Since Since Subaccount Inception Inception 1/31/07 1/31/07 1/31/07 1-yr. 3-yr. 5-yr. 10-yr. Inception** 1-yr. 3-yr. 5-yr. 10-yr. Inception** LARGE CAP STOCK (CONT.) RiverSource SM Variable Portfolio - Large Cap Equity Fund Effective 3/17/06, RiverSource SM Variable Portfolio - New Dimensions Fund merged into RiverSource SM Variable Portfolio - Large Cap Equity Fund. No riders, without surrender charges (04/30/04) (10/13/81) 1.76% 5.57% 1.76% 13.95% 9.22% 13.95% 7.76% 4.25% 4.12% 9.46% Riders, with surrender charges (03/03/00) (10/13/81) -5.62% -2.20% -5.62% 5.37% 5.15% 2.85% -3.56% 5.37% 5.15% 2.85% 3.60% 8.93% RiverSource SM Variable Portfolio - S&P 500 Index Fund No riders, without surrender charges (10/23/00) (05/01/00) 1.34% 4.44% 1.34% 13.92% 8.61% 4.44% 0.24% 13.92% 8.61% 4.44% -0.60% Riders, with surrender charges (10/23/00) (05/01/00) -6.01% -3.24% -6.01% 5.35% 6.03% 3.04% -0.56% 5.35% 6.03% 3.04% -1.38% MID-CAP STOCK Fidelity VIP Mid Cap Portfolio Service Class 1 No riders, without surrender charges (11/11/99) (12/28/98) 1.46% 4.41% 1.46% 11.28% 17.05% 14.35% 16.14% 11.28% 17.05% 14.35% 17.92% Riders, with surrender charges (11/09/99) (12/28/98) -5.89% -3.27% -5.89% 2.73% 14.72% 13.18% 15.76% 2.73% 14.72% 13.18% 17.33% Janus Aspen Series Mid Cap Growth Portfolio: Service Shares 3 No riders, without surrender charges (10/23/00) (09/13/93) 4.34% 8.29% 4.34% 11.99% 13.87% 6.91% -7.33% 11.99% 13.87% 6.91% 6.24% 9.41% Riders, with surrender charges (10/23/00) (09/13/93) -3.25% 0.29% -3.25% 3.43% 11.46% 5.59% -8.26% 3.43% 11.46% 5.59% 5.71% 8.87% Putnam VT Vista Fund - Class IB Shares 5 No riders, without surrender charges (11/11/99) (01/02/97) 2.39% 4.69% 2.39% 4.22% 10.64% 4.10% -0.87% 4.22% 10.64% 4.10% 5.17% Riders, with surrender charges (11/09/99) (01/02/97) -5.04% -3.02% -5.04% -3.79% 8.13% 2.69% -1.03% -3.79% 8.13% 2.69% 4.64% MULTI-CAP STOCK AIM VI Capital Appreciation Fund, Series I Shares Effective 11/06/06, AIM VI Demographic Trends Fund, Series I Shares merged into AIM VI Capital Appreciation Fund, Series I Shares. No riders, without surrender charges (11/11/99) (05/05/93) 1.44% 3.84% 1.44% 5.06% 6.00% 2.65% -1.32% 5.06% 6.00% 2.65% 3.71% 7.54% Riders, with surrender charges (11/09/99) (05/05/93) -5.92% -3.80% -5.92% -3.02% 3.33% 1.20% -1.56% -3.02% 3.33% 1.20% 3.19% 7.00% FTVIPT Mutual Shares Securities Fund - Class 2 6 No riders, without surrender charges (11/11/99) (11/08/96) 2.07% 6.03% 2.07% 17.01% 12.49% 8.94% 9.26% 17.01% 12.49% 8.94% 8.92% 9.14% Riders, with surrender charges (11/09/99) (11/08/96) -5.34% -1.78% -5.34% 8.42% 10.03% 7.66% 8.68% 8.42% 10.03% 7.66% 8.37% 8.59% SMALL-CAP STOCK Columbia Small Company Growth Fund, Variable Series, Class A No riders, without surrender charges (04/14/03) (01/01/89) 3.00% 4.28% 3.00% 11.09% 7.51% 17.89% 11.09% 7.51% 5.78% 3.45% 8.94% Riders, with surrender charges (04/14/03) (01/01/89) -4.48% -3.40% -4.48% 2.54% 4.89% 16.24% 2.54% 4.89% 4.43% 2.93% 8.40% FTVIPT Franklin Small-Mid Cap Growth Securities Fund - Class 2 6 No riders, without surrender charges (11/11/99) (11/01/95) 2.63% 5.39% 2.63% 7.43% 7.03% 3.22% 1.13% 7.43% 7.03% 3.22% 6.19% 8.06% Riders, with surrender charges (11/09/99) (11/01/95) -4.82% -2.38% -4.82% -0.86% 4.39% 1.79% 0.96% -0.86% 4.39% 1.79% 5.66% 7.52% MFS New Discovery Series - Service Class 2 No riders, without surrender charges (10/23/00) (05/01/98) 3.08% 6.23% 3.08% 11.62% 6.75% 1.57% -1.00% 11.62% 6.75% 1.57% 6.33% Riders, with surrender charges (05/30/00) (05/01/98) -4.41% -1.60% -4.41% 3.06% 4.10% 0.12% -0.48% 3.06% 4.10% 0.12% 5.80% RiverSource SM Variable Portfolio - Small Cap Advantage Fund No riders, without surrender charges (11/11/99) (09/15/99) 1.47% 3.74% 1.47% 10.39% 10.25% 9.93% 7.42% 10.39% 10.25% 9.93% 7.75% Riders, with surrender charges (11/09/99) (09/15/99) -5.89% -3.89% -5.89% 1.85% 7.73% 8.67% 6.79% 1.85% 7.73% 8.67% 7.22% INTERNATIONAL STOCK FTVIPT Templeton Foreign Securities Fund - Class 2 7 No riders, without surrender charges (11/11/99) (05/01/92) 0.62% 6.22% 0.62% 20.03% 15.26% 10.00% 4.87% 20.03% 15.26% 10.00% 6.66% 8.93% Riders, with surrender charges (11/09/99) (05/01/92) -6.67% -1.60% -6.67% 11.44% 12.88% 8.74% 4.52% 11.44% 12.88% 8.74% 6.12% 8.39% Putnam VT International Equity Fund - Class IB Shares 5 No riders, without surrender charges (11/11/99) (01/02/97) 1.04% 7.18% 1.04% 26.24% 17.15% 10.69% 4.89% 26.24% 17.15% 10.69% 9.50% Riders, with surrender charges (11/09/99) (01/02/97) -6.29% -0.71% -6.29% 17.61% 14.82% 9.45% 4.82% 17.61% 14.82% 9.45% 8.96% RiverSource SM Variable Portfolio - Emerging Markets Fund No riders, without surrender charges (10/23/00) (05/01/00) -0.38% 11.75% -0.38% 32.36% 29.03% 22.73% 16.29% 32.36% 29.03% 22.73% 10.75% Riders, with surrender charges (10/23/00) (05/01/00) -7.62% 3.61% -7.62% 23.69% 26.95% 21.67% 15.56% 23.69% 26.95% 21.67% 10.02% SPECIALTY/SECTOR Janus Aspen Series Global Technology Portfolio: Service Shares No riders, without surrender charges (10/23/00) (01/15/00) 1.75% 6.55% 1.75% 6.57% 5.31% -0.27% -12.32% 6.57% 5.31% -0.27% -12.42% Riders, with surrender charges (10/23/00) (01/15/00) -5.63% -1.31% -5.63% -1.64% 2.62% -1.72% -13.40% -1.64% 2.62% -1.72% -13.50% MFS Utilities Series - Service Class 2 No riders, without surrender charges (10/23/00) (01/03/95) 2.11% 8.79% 2.11% 29.44% 24.16% 14.34% 6.31% 29.44% 24.16% 14.34% 11.75% 13.80% Riders, with surrender charges (10/23/00) (01/03/95) -5.30% 0.75% -5.30% 20.80% 22.00% 13.17% 5.53% 20.80% 22.00% 13.17% 11.19% 13.23% Page 3 of 5
Issued by RiverSource Life Insurance Company A fund underlying your contract in which a subaccount invests may have a name, portfolio manager, objectives, strategies and characteristics that are the same or substantially similar to those of a publiclytraded retail mutual fund. Despite these similarities, an underlying fund is not the same as any publicly-traded retail mutual fund. Each underlying fund will have its own unique portfolio holdings, fees, operating expenses and operating results. The results of each underlying fund may differ significantly from any publicly- traded retail mutual fund. RiverSource Life offers several different annuities which your investment professional may be authorized to offer you. Each annuity has different features and benefits that may be appropriate for you based on your financial situation and needs, your age and how you intend to use the annuity. The different features and benefits may include the investment and fund manager options, variations in interest rate amount and guarantees, credits, withdrawal charge schedules and access to annuity account values. The fees and charges may also be different between each annuity. Small-cap: Stocks of small-capitalization companies involve substantial risk. Historically, these stocks have experienced greater price volatility than stocks of larger companies, and they can be expected to do so in the future. Mid-cap: Stocks of mid-capitalization companies involve substantial risk. Historically, these stocks have experienced greater price volatility than stocks of larger companies, and they can be expected to do so in the future. Small- & mid-cap funds/small- & mid-cap investing: Stocks of small- and midcapitalization companies involve substantial risk. Historically, these stocks have experienced greater price volatility than stocks of larger companies, and they can be expected to do so in the future. Technology: Investments in a technology fund are more vulnerable to price fluctuation as a result of the narrow focus of technology investing and the fact that the products of companies in which the fund invests may be subject to rapid obsolescence. International/Global: International investing involves increased risk and volatility, not typically associated with domestic investing, due to changes in currency exchange rates, foreign government regulations, differences in auditing and accounting standards, potential political and economic instability, limited liquidity, and volatile prices. The risks of international investing are particularly significant in emerging markets. Bond funds: There are risks associated with an investment in a bond fund, including the impact of interest rates, credit, and inflation. These and other risk considerations are discussed in the fund's prospectus. In general, bond prices rise when interest rates fall and vice versa. This effect is usually more pronounced for longer-term securities. High-Yield Bond funds: High-yield funds invest in lower-rated bonds, which generally have more volatile prices and carry more risk to principal and income than investment grade securities. Tax-exempt funds: Income from tax-exempt funds may be subject to state and local taxes and a portion of income may be subject to the federal and/or state alternative minimum tax for certain investors. Federal income tax rules will apply to any capital gains distribution. ** If subaccount or fund is less than 1 year old, the reported returns are cumulative, not annualized. 1 Initial offering of the Service Class of each fund took place on Nov. 3, 1997 (except VIP Mid Cap which took place on Dec. 28, 1998). Returns prior to Nov. 3, 1997 (or Dec. 28, 1998 for VIP Mid Cap) are those of the Initial Class, which has no 12b-1 fee. If the 12b-1 fee of 0.10% of the Service Class had been reflected, returns prior to Nov. 3, 1997 would have been lower. 2 Service Class shares carry 0.25% annual Rule 12b-1 fee. Service Class shares include the performance of Initial Class shares for periods prior to the inception of Service Class shares. Because operating expenses of Service Class shares are higher than those of Initial Class, the Service Class performance generally would have been lower than Initial Class performance. 3 The returns shown for Service Shares for periods prior to their inception (Dec. 31, 1999) are derived from the historical performance of the Institutional Shares, adjusted to reflect the higher operating expenses of Service Shares. 4 Performance information for Class IB shares for periods prior to April 6, 1998 are based on the performance of the fund's Class IA shares adjusted to reflect the fees paid by Class IB shares, including a Rule 12b-1 fee of 0.25% restated to reflect an increase in 12b-1 fees effective April 30, 2001. Actual 12b-1 fees during the most recent fiscal year were 0.25%. 5 Performance information for Class IB shares for periods prior to April 30, 1998 are based on the performance of the fund's Class IA shares (not offered as an investment option) adjusted to reflect the fees paid by Class IB shares, including a Rule 12b-1 fee of 0.25%. Restated to reflect an increase in 12b-1 fees effective April 30, 2001. 6 Ongoing stock market volatility can dramatically change the fund s shortterm performance; current results may differ. Because Class 2 shares were not offered until Jan. 6, 1999, standardized Class 2 Fund performance for prior periods represents historical results of Class 1 shares. For periods beginning Jan. 6, 1999 Class 2 s results reflect an additional 12b-1 fee expense, which also affects future performance. 7 Ongoing stock market volatility can dramatically change the fund s shortterm performance; current results may differ. Performance prior to the May 1, 2000 merger reflects the historical performance of the Templeton International Fund. In addition, for periods beginning on May 1, 1997, Class 2 Fund performance reflects an additional 12b-1 fee expense, which also affects future performance. Page 4 of 5
RiverSource Life Insurance Company 829 Ameriprise Financial Center Minneapolis, MN 55474 2007 Ameriprise Financial,Inc. All rights reserved. RiverSource Distributors, Inc. (Distributor), Member NASD. Insurance and annuity products are issued by RiverSource Life Insurance Company. Page 5 of 5