0000950123-11-038104.txt : 20110422 0000950123-11-038104.hdr.sgml : 20110422 20110422120700 ACCESSION NUMBER: 0000950123-11-038104 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 9 FILED AS OF DATE: 20110422 DATE AS OF CHANGE: 20110422 EFFECTIVENESS DATE: 20110429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERSOURCE VARIABLE ACCOUNT 10 CENTRAL INDEX KEY: 0001000191 IRS NUMBER: 000000000 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-79311 FILM NUMBER: 11775138 BUSINESS ADDRESS: STREET 1: 50605 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5229 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126784177 MAIL ADDRESS: STREET 1: 50605 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5229 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: IDS LIFE VARIABLE ACCOUNT 10 DATE OF NAME CHANGE: 19950906 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERSOURCE VARIABLE ACCOUNT 10 CENTRAL INDEX KEY: 0001000191 IRS NUMBER: 000000000 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-07355 FILM NUMBER: 11775139 BUSINESS ADDRESS: STREET 1: 50605 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5229 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126784177 MAIL ADDRESS: STREET 1: 50605 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5229 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: IDS LIFE VARIABLE ACCOUNT 10 DATE OF NAME CHANGE: 19950906 0001000191 S000003522 RIVERSOURCE VARIABLE ACCOUNT 10 C000009760 RiverSource Retirement Advisor Variable Annuity C000009762 RiverSource Retirement Advisor Advantage Variable Annuity/RiverSource Retirement Advisor Select Variable Annuity C000009764 RiverSource Retirement Advisor Advantage Plus Variable Annuity/RiverSource Retirement Advisor Select Plus Variable Annuity C000034183 RiverSource Retirement Advisor 4 Advantage VA/RiverSource Retirement Advisor 4 Select VA/RiverSource Retirement Advisor 4 Access VA C000090547 RAVA 5 Advantage Variable Annuity C000090548 RAVA 5 Select Variable Annuity C000090549 RAVA 5 Access Variable Annuity 485BPOS 1 c62470be485bpos.txt 485BPOS SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Pre-Effective Amendment No. _____________ [ ] Post-Effective Amendment No. 64 (File No. 333-79311) [X] and/or REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 Amendment No. 63 (File No. 811-07355) [X] (Check appropriate box or boxes) RIVERSOURCE VARIABLE ACCOUNT 10 (previously IDS LIFE VARIABLE ACCOUNT 10) (Exact Name of Registrant) RiverSource Life Insurance Company (previously IDS Life Insurance Company) (Name of Depositor) 70100 Ameriprise Financial Center, Minneapolis, MN 55474 (Address of Depositor's Principal Executive Offices) (Zip Code) Depositor's Telephone Number, including Area Code (612) 671-2237 Rodney J. Vessels, 50605 Ameriprise Financial Center, Minneapolis, MN 55474 (Name and Address of Agent for Service) It is proposed that this filing will become effective (check appropriate box) [ ] immediately upon filing pursuant to paragraph (b) of Rule 485 [X] on April 29, 2011 pursuant to paragraph (b) of Rule 485 [ ] 60 days after filing pursuant to paragraph (a)(1) of Rule 485 [ ] on [date] pursuant to paragraph (a)(1) of Rule 485 If appropriate, check the following box: [ ] this post-effective amendment designates a new effective date for a previously filed post-effective amendment. PART A. PROSPECTUS APRIL 29, 2011 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY(R) INDIVIDUAL FLEXIBLE PREMIUM DEFERRED COMBINATION FIXED/VARIABLE ANNUITY New RiverSource Retirement Advisor Variable Annuity contracts are not currently being offered. ISSUED BY: RIVERSOURCE LIFE INSURANCE COMPANY (RIVERSOURCE LIFE) 70100 Ameriprise Financial Center Minneapolis, MN 55474 Telephone: (800) 862-7919 ameriprise.com/variableannuities RIVERSOURCE VARIABLE ACCOUNT 10 This prospectus contains information that you should know before investing. Prospectuses are also available for: - AllianceBernstein Variable Products Series Fund, Inc. - American Century Variable Portfolios, Inc. - Calvert Variable Series, Inc. - Columbia Funds Variable Insurance Trust - Columbia Funds Variable Series Trust II (previously RiverSource Variable Series Trust) - Credit Suisse Trust - Eaton Vance Variable Trust - Fidelity(R) Variable Insurance Products - Service Class - Franklin(R) Templeton(R) Variable Insurance Products Trust (FTVIPT) - Class 2 - Goldman Sachs Variable Insurance Trust (VIT) - Invesco Variable Insurance Funds - Janus Aspen Series: Service Shares - MFS(R) Variable Insurance Trust(SM) - Morgan Stanley Universal Investment Funds (UIF) - Neuberger Berman Advisers Management Trust - Oppenheimer Variable Account Funds - Service Shares - PIMCO Variable Insurance Trust (VIT) - Putnam Variable Trust - Class IB Shares - Royce Capital Fund - Third Avenue Variable Series Trust - Wanger Advisors Trust - Wells Fargo Variable Trust Please read the prospectuses carefully and keep them for future reference. The contract provides for purchase payment credits which we may reverse under certain circumstances. Surrender charges from contracts with purchase payment credits may be higher than surrender charges for contracts without such credits. The amount of the credit may be more than offset by additional surrender charges associated with the credit. THE SECURITIES AND EXCHANGE COMMISSION (SEC) HAS NOT APPROVED OR DISAPPROVED THESE SECURITIES OR PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. AN INVESTMENT IN THIS CONTRACT IS NOT A DEPOSIT OF A BANK OR FINANCIAL INSTITUTION AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY OTHER GOVERNMENT AGENCY. AN INVESTMENT IN THIS CONTRACT INVOLVES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. A Statement of Additional Information (SAI), dated the same date as this prospectus, is incorporated by reference into this prospectus. It is filed with the SEC and is available without charge by contacting RiverSource Life at the telephone number and address listed above. The table of contents of the SAI is on the last page of this prospectus. The SEC maintains an Internet site. This prospectus, the SAI and other information about the product are available on the EDGAR Database on the SEC's Internet site at (http://www.sec.gov). Variable annuities are insurance products that are complex investment vehicles. Be sure to ask your financial advisor about the variable annuity's features, benefits, risks and fees. This prospectus provides a general description of the contract. Your actual contract and any riders or endorsements are the controlling documents. RiverSource Life has not authorized any person to give any information or to make any representations regarding the contract other than those contained in this prospectus or the Fund prospectuses. Do not rely on any such information or representations. RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 1 RiverSource Life offers several different annuities which your financial advisor may or may not be authorized to offer to 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, surrender charge schedules and access to annuity account values. The fees and charges may also be different between each annuity. TABLE OF CONTENTS KEY TERMS.................................... 3 THE CONTRACT IN BRIEF........................ 5 EXPENSE SUMMARY.............................. 6 CONDENSED FINANCIAL INFORMATION.............. 12 FINANCIAL STATEMENTS......................... 12 THE VARIABLE ACCOUNT AND THE FUNDS........... 12 THE FIXED ACCOUNT............................ 23 BUYING YOUR CONTRACT......................... 23 CHARGES...................................... 25 VALUING YOUR INVESTMENT...................... 29 MAKING THE MOST OF YOUR CONTRACT............. 30 SURRENDERS................................... 36 TSA -- SPECIAL PROVISIONS.................... 36 CHANGING OWNERSHIP........................... 37 BENEFITS IN CASE OF DEATH -- STANDARD DEATH BENEFIT.................................... 38 OPTIONAL BENEFITS............................ 39 THE ANNUITY PAYOUT PERIOD.................... 43 TAXES........................................ 44 VOTING RIGHTS................................ 48 SUBSTITUTION OF INVESTMENTS.................. 48 ABOUT THE SERVICE PROVIDERS.................. 49 APPENDIX: CONDENSED FINANCIAL INFORMATION (UNAUDITED)................................ 50 TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION........ 62
2 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS KEY TERMS These terms can help you understand details about your contract. ACCUMULATION UNIT: A measure of the value of each subaccount before annuity payouts begin. ANNUITANT: The person or persons on whose life or life expectancy the annuity payouts are based. ANNUITY PAYOUTS: An amount paid at regular intervals under one of several plans. ASSUMED INVESTMENT RATE: The rate of return we assume your investments will earn when we calculate your initial annuity payout amount using the annuity table in your contract. The standard assumed investment rate we use is 5% but you may request we substitute an assumed investment rate of 3.5%. BENEFICIARY: The person you designate to receive benefits in case of the owner's or annuitant's death while the contract is in force. CLOSE OF BUSINESS: The time the New York Stock Exchange (NYSE) closes (4 p.m. Eastern time unless the NYSE closes earlier). CODE: The Internal Revenue Code of 1986, as amended. CONTRACT: A deferred annuity contract that permits you to accumulate money for retirement by making one or more purchase payments. It provides for lifetime or other forms of payouts beginning at a specified time in the future. CONTRACT VALUE: The total value of your contract before we deduct any applicable charges. CONTRACT YEAR: A period of 12 months, starting on the effective date of your contract and on each anniversary of the effective date. ENHANCED EARNINGS DEATH BENEFIT (EEB): This is an optional benefit you can add to your contract for an additional charge. It is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. FIXED ACCOUNT: An account to which you may allocate purchase payments. Amounts you allocate to this account earn interest at rates that we declare periodically. FUNDS: Investment options under your contract. Unless an asset allocation program is in effect, you may allocate your purchase payments into subaccounts investing in shares of any or all of these funds. GOOD ORDER: We cannot process your transaction request relating to the contract until we have received the request in good order at our corporate office. "Good order" means the actual receipt of the requested transaction in writing, along with all information and supporting legal documentation necessary to effect the transaction. This information and documentation generally includes your completed request; the contract number; the transaction amount (in dollars); the names of and allocations to and/or from the subaccounts and the fixed account affected by the requested transaction; the signatures of all contract owners, exactly as registered on the contract, if necessary; Social Security Number or Taxpayer Identification Number; and any other information or supporting documentation that we may require. With respect to purchase requests, "good order" also generally includes receipt of sufficient payment by us to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in good order, and we reserve the right to change or waive any good order requirements at any time. MAXIMUM ANNIVERSARY VALUE DEATH BENEFIT (MAV): This is an optional benefit you can add to your contract for an additional charge that is intended to provide additional death benefit protection in the event of fluctuating fund values. OWNER (YOU, YOUR): The person or persons identified in the contract as owner(s) of the contract, who has or have the right to control the contract (to decide on investment allocations, transfers, payout options, etc.). Usually, but not always, the owner is also the annuitant. The owner is responsible for taxes, regardless of whether he or she receives the contract's benefits. When the contract is owned by a revocable trust, the annuitant selected should be the grantor of the trust to qualify for income tax deferral. PURCHASE PAYMENT CREDITS: An addition we make to your contract value. We base the amount of the credit on the surrender charge schedule you elect and/or total purchase payments. QUALIFIED ANNUITY: A contract that you purchase to fund one of the following tax-deferred retirement plans that is subject to applicable federal law and any rules of the plan itself: - Individual Retirement Annuities (IRAs) including the inherited IRAs under Section 408(b) of the Code - Roth IRAs including inherited Roth IRAs under Section 408 A of the Code - SIMPLE IRAs under Section 408(p) of the Code RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 3 - Simplified Employee Pension IRA (SEP) plans under Section 408(k) of the Code - Plans under Section 401(k) of the Code - Custodial and investment only accounts maintained for qualified retirement plans under Section 401(a) of the Code - Tax-Sheltered Annuities (TSAs) under Section 403(b) of the Code A qualified annuity will not provide any necessary or additional tax deferral if it is used to fund a retirement plan that is already tax deferred. All other contracts are considered NONQUALIFIED ANNUITIES. RIDER: You receive a rider when you purchase the EEB, MAV and/or PN. Beginning May 10, 2010, the PN rider is not required to select the PN program. The rider adds the terms of the optional benefit to your contract. RIDER EFFECTIVE DATE: The date a rider becomes effective as stated in the rider. RIVERSOURCE LIFE: In this prospectus, "we," "us," "our" and "RiverSource Life" refer to RiverSource Life Insurance Company. SETTLEMENT DATE: The date when annuity payouts are scheduled to begin. SURRENDER VALUE: The amount you are entitled to receive if you make a full surrender from your contract. It is the contract value minus any applicable charges. VALUATION DATE: Any normal business day, Monday through Friday, on which the NYSE is open, up to the close of business. At the close of business, the next valuation date begins. We calculate the accumulation unit value of each subaccount on each valuation date. If we receive your purchase payment or any transaction request (such as a transfer or surrender request) in good order at our corporate office before the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the valuation date we received your payment or transaction request. On the other hand, if we receive your purchase payment or transaction request in good order at our corporate office at or after the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the next valuation date. If you make a transaction request by telephone (including by fax), you must have completed your transaction by the close of business in order for us to process it using the accumulation unit value we calculate on that valuation date. If you were not able to complete your transaction before the close of business for any reason, including telephone service interruptions or delays due to high call volume, we will process your transaction using the accumulation unit value we calculate on the next valuation date. VARIABLE ACCOUNT: Consists of separate subaccounts to which you may allocate purchase payments; each invests in shares of one fund. The value of your investment in each subaccount changes with the performance of the particular fund. 4 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS THE CONTRACT IN BRIEF PURPOSE: The purpose of the contract is to allow you to accumulate money for retirement or a similar long-term goal. You do this by making one or more purchase payments. You may allocate your purchase payments to the fixed account and/or subaccounts under the contract; however, you risk losing amounts you invest in the subaccounts of the variable account. These accounts, in turn, may earn returns that increase the value of the contract. Beginning at a specified time in the future called the settlement date, the contract provides lifetime or other forms of payout of your contract value (less any applicable premium tax). TAX-DEFERRED RETIREMENT PLANS: Most annuities have a tax-deferred feature. So do many retirement plans under the Code. As a result, when you use a qualified annuity to fund a retirement plan that is tax-deferred, your contract will not provide any necessary or additional tax deferral for that retirement plan. A qualified annuity has features other than tax deferral that may help you reach your retirement goals. In addition, the Code subjects retirement plans to required withdrawals triggered at a certain age. These mandatory withdrawals are called required minimum distributions (RMDs). RMDs may reduce the value of certain death benefits and optional riders (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). You should consult your tax advisor before you purchase the contract as a qualified annuity for an explanation of the potential tax implications to you. ACCOUNTS: Generally, you may allocate your purchase payments among any or all of: - the subaccounts of the variable account, each of which invests in a fund with a particular investment objective. The value of each subaccount varies with the performance of the particular fund in which it invests. We cannot guarantee that the value at the settlement date will equal or exceed the total purchase payments you allocate to the subaccounts. (see "Variable Account and the Funds") - the fixed account, which earns interest at a rate that we adjust periodically. Purchase payment allocations to the fixed account may be subject to special restrictions. (see "The Fixed Account") BUYING YOUR CONTRACT: We no longer offer new contracts. However, you have the option of making additional purchase payments in the future. (see "Buying Your Contract") TRANSFERS: Subject to certain restrictions, you currently may redistribute your contract value among the accounts until annuity payouts begin, and once per contract year among the subaccounts after annuity payouts begin. You may establish automated transfers among the accounts. Fixed account transfers are subject to special restrictions. (see "Making the Most of Your Contract -- Transferring Among Accounts") SURRENDERS: You may surrender all or part of your contract value at any time before the settlement date. You also may establish automated partial surrenders. Surrenders may be subject to charges and income taxes (including an IRS penalty if you surrender prior to your reaching age 59 1/2) and may have other tax consequences; also, certain restrictions apply. (see "Surrenders") BENEFITS IN CASE OF DEATH: If you or the annuitant die before annuity payouts begin, we will pay the beneficiary an amount at least equal to the contract value, except in the case of a purchase payment credit reversal. (see "Benefits in Case of Death -- Standard Death Benefit") OPTIONAL BENEFITS: This contract offers optional features that are available for additional charges if you meet certain criteria. (see "Optional Benefits") ANNUITY PAYOUTS: You can apply your contract value, after reflecting any adjustments, to an annuity payout plan that begins on the settlement date. You may choose from a variety of plans to make sure that payouts continue as long as you like. If you purchased a qualified annuity, the payout schedule must meet IRS requirements. We can make payouts on a fixed or variable basis, or both. Total monthly payouts may include amounts from each subaccount and the fixed account. During the annuity payout period, you cannot be invested in more than five subaccounts at any one time unless we agree otherwise. (see "The Annuity Payout Period") TAXES: Generally, income earned on your contract value grows tax-deferred until you surrender it or begin to receive payouts. (Under certain circumstances, IRS penalty taxes may apply.) The tax treatment of qualified and nonqualified annuities differs. Even if you direct payouts to someone else, you will be taxed on the income if you are the owner. However, Roth IRAs may grow and be distributed tax free if you meet certain distribution requirements. (see "Taxes") RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 5 EXPENSE SUMMARY THE FOLLOWING TABLES DESCRIBE THE FEES AND EXPENSES THAT ARE PAID WHEN BUYING, OWNING AND SURRENDERING THE CONTRACT. THE FIRST TABLE DESCRIBES THE FEES AND EXPENSES THAT YOU PAID AT THE TIME THAT YOU BOUGHT THE CONTRACT AND MAY PAY WHEN YOU SURRENDER THE CONTRACT. STATE PREMIUM TAXES ALSO MAY BE DEDUCTED. CONTRACT OWNER TRANSACTION EXPENSES SURRENDER CHARGE (Contingent deferred sales load as a percentage of purchase payment surrendered) The owner selects either a seven-year or ten-year surrender charge schedule at the time of application.*
SEVEN-YEAR SCHEDULE TEN-YEAR SCHEDULE* NUMBER OF COMPLETED YEARS FROM SURRENDER CHARGE NUMBER OF COMPLETED YEARS FROM SURRENDER CHARGE DATE OF EACH PURCHASE PAYMENT PERCENTAGE DATE OF EACH PURCHASE PAYMENT PERCENTAGE 0 7% 0 8% 1 7 1 8 2 7 2 8 3 6 3 7 4 5 4 7 5 4 5 6 6 2 6 5 7 0 7 4 8 3 9 2 10 0
* The ten-year surrender charge schedule is not available for contracts issued in Oregon. For contracts issued in Massachusetts, Oregon and Washington, surrender charges are waived after the tenth contract anniversary for all payments regardless of when payments are made. SURRENDER CHARGE UNDER ANNUITY PAYOUT PLAN E -- PAYOUTS FOR A SPECIFIED PERIOD: Under this annuity payout plan, you can choose to take a surrender. The amount that you can surrender is the present value of any remaining variable payouts. The surrender charge equals the present value of the remaining payouts using the assumed investment rate minus the present value of the remaining payouts using the discount rate. (See "Charges -- Surrender Charge" and "The Annuity Payout Period -- Annuity Payout Plans.")
ASSUMED INVESTMENT RATE 3.50% 5.00% Qualified annuity discount rate 4.72% 6.22% Nonqualified annuity discount rate 4.92% 6.42%
THE NEXT TABLES DESCRIBE THE FEES AND EXPENSES THAT YOU WILL PAY PERIODICALLY DURING THE TIME THAT YOU OWN THE CONTRACT, NOT INCLUDING FUND FEES AND EXPENSES. ANNUAL CONTRACT ADMINISTRATIVE CHARGE $30
(We will waive this charge when your contract value, or total purchase payments less any payments surrendered, is $50,000 or more on the current contract anniversary, except at full surrender.) OPTIONAL RIDER FEES (As a percentage of the contract value charged annually at the contract anniversary. The fee applies only if you elect the optional rider.) MAV RIDER FEE 0.15% EEB RIDER FEE 0.30% PN RIDER FEE* 0.00%
* Effective May 10, 2010 the rider is not required to select funds of funds in the PN program and this fee does not apply. Prior to May 10, 2010, the PN rider fee was 0.10% and the maximum fee was 0.20%. 6 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS ANNUAL VARIABLE ACCOUNT EXPENSES (Total annual variable account expenses as a percentage of average daily subaccount value.)
MORTALITY AND EXPENSE RISK FEE FOR NONQUALIFIED ANNUITIES 0.95% FOR QUALIFIED ANNUITIES 0.75%
ANNUAL OPERATING EXPENSES OF THE FUNDS THE NEXT TWO TABLES DESCRIBE THE OPERATING EXPENSES OF THE FUNDS THAT YOU MAY PAY PERIODICALLY DURING THE TIME THAT YOU OWN THE CONTRACT. THESE OPERATING EXPENSES ARE FOR THE FISCAL YEAR ENDED DEC. 31, 2010, UNLESS OTHERWISE NOTED. THE FIRST TABLE SHOWS THE MINIMUM AND MAXIMUM TOTAL OPERATING EXPENSES CHARGED BY THE FUNDS. THE SECOND TABLE SHOWS THE ACTUAL FEES AND EXPENSES CHARGED BY EACH FUND. MORE DETAIL CONCERNING EACH FUND'S FEES AND EXPENSES IS CONTAINED IN THE PROSPECTUS FOR EACH FUND. MINIMUM AND MAXIMUM TOTAL ANNUAL OPERATING EXPENSES FOR THE FUNDS(A) (Including management fee, distribution and/or service (12b-1) fees and other expenses)
MINIMUM MAXIMUM Total expenses before fee waivers and/or expense reimbursements 0.47% 1.67%
(a) Each fund deducts management fees and other expenses from fund assets. Fund assets include amounts you allocate to a particular fund. Funds may also charge 12b-1 fees that are used to finance any activity that is primarily intended to result in the sale of fund shares. Because 12b-1 fees are paid out of fund assets on an on-going basis, you may pay more if you select subaccounts investing in funds that have adopted 12b-1 plans than if you select subaccounts investing in funds that have not adopted 12b-1 plans. The fund or the fund's affiliates may pay us or our affiliates for promoting and supporting the offer, sale and servicing of fund shares. In addition, the fund's distributor and/or investment adviser, transfer agent or their affiliates may pay us or our affiliates for various services we or our affiliates provide. The amount of these payments will vary by fund and may be significant. See "The Variable Account and the Funds" for additional information, including potential conflicts of interest these payments may create. For a more complete description of each fund's fees and expenses and important disclosure regarding payments the fund and/or its affiliates make, please review the fund's prospectus and SAI. TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND* (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12B-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES AllianceBernstein VPS Global Thematic Growth 0.75% 0.25% 0.24% --% 1.24% Portfolio (Class B) AllianceBernstein VPS Growth and Income 0.55 0.25 0.08 -- 0.88 Portfolio (Class B) AllianceBernstein VPS International Value 0.75 0.25 0.10 -- 1.10 Portfolio (Class B) American Century VP International, Class I 1.36 -- 0.01 0.01 1.38 American Century VP Mid Cap Value, Class II 0.90 0.25 0.01 -- 1.16 American Century VP Ultra(R), Class II 0.90 0.25 0.01 -- 1.16 American Century VP Value, Class I 0.97 -- -- -- 0.97 Calvert Variable Series, Inc. VP SRI Balanced 0.70 -- 0.21 -- 0.91 Portfolio Columbia Variable Portfolio - Balanced Fund 0.64 0.13 0.17 -- 0.94(1),(2) (Class 3) Columbia Variable Portfolio - Cash Management 0.33 0.13 0.17 -- 0.63(2) Fund (Class 3) Columbia Variable Portfolio - Diversified Bond 0.41 0.13 0.16 -- 0.70(1) Fund (Class 3) Columbia Variable Portfolio - Diversified Equity 0.56 0.13 0.14 -- 0.83(1) Income Fund (Class 3) Columbia Variable Portfolio - Dynamic Equity 0.66 0.13 0.17 0.01 0.97(1),(2) Fund (Class 3) Columbia Variable Portfolio - Emerging Markets 1.07 0.13 0.28 -- 1.48(1) Opportunity Fund (Class 3) Columbia Variable Portfolio - Global Bond Fund 0.55 0.13 0.18 -- 0.86(1) (Class 3) Columbia Variable Portfolio - Global Inflation 0.42 0.13 0.15 -- 0.70 Protected Securities Fund (Class 3) Columbia Variable Portfolio - High Yield Bond 0.58 0.13 0.17 -- 0.88(1) Fund (Class 3) Columbia Variable Portfolio - Income 0.57 0.13 0.15 -- 0.85(1),(2) Opportunities Fund (Class 3) Columbia Variable Portfolio - International 0.79 0.13 0.20 -- 1.12(1) Opportunity Fund (Class 3) Columbia Variable Portfolio - Large Cap Growth 0.71 0.13 0.18 -- 1.02(1),(2) Fund (Class 3) Columbia Variable Portfolio - Marsico Growth 0.91 -- 0.10 -- 1.01(3) Fund, Class 1 Columbia Variable Portfolio - Marsico 1.02 0.25 0.24 -- 1.51(3) International Opportunities Fund, Class 2 Columbia Variable Portfolio - Mid Cap Growth 0.76 0.13 0.16 -- 1.05(1) Opportunity Fund (Class 3) Columbia Variable Portfolio - Mid Cap Value 0.76 0.13 0.15 -- 1.04(1),(2) Opportunity Fund (Class 3)
RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 7 TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND* (CONTINUED) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12B-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES Columbia Variable Portfolio - S&P 500 Index Fund 0.10% 0.13% 0.24% --% 0.47%(1) (Class 3) Columbia Variable Portfolio - Select Large-Cap 0.71 0.13 0.33 -- 1.17(1),(2) Value Fund (Class 3) Columbia Variable Portfolio - Select Smaller-Cap 0.79 0.13 0.21 -- 1.13(1),(2) Value Fund (Class 3) Columbia Variable Portfolio - Short Duration 0.36 0.13 0.16 -- 0.65(1) U.S. Government Fund (Class 3) Credit Suisse Trust - Commodity Return Strategy 0.50 0.25 0.34 -- 1.09(4) Portfolio Credit Suisse Trust - U.S. Equity Flex I 0.70 -- 0.96 -- 1.66 Portfolio Eaton Vance VT Floating-Rate Income Fund 0.57 0.50 0.08 -- 1.15 Fidelity(R) VIP Contrafund(R) Portfolio Service 0.56 0.25 0.09 -- 0.90 Class 2 Fidelity(R) VIP Growth & Income Portfolio 0.46 0.10 0.13 -- 0.69 Service Class Fidelity(R) VIP Mid Cap Portfolio Service Class 0.56 0.10 0.10 -- 0.76 Fidelity(R) VIP Overseas Portfolio Service Class 0.71 0.10 0.15 -- 0.96 FTVIPT Franklin Global Real Estate Securities 0.80 0.25 0.31 -- 1.36(5) Fund - Class 2 FTVIPT Franklin Small Cap Value Securities 0.51 0.25 0.17 0.01 0.94(6) Fund - Class 2 Goldman Sachs VIT Mid Cap Value 0.80 -- 0.07 -- 0.87 Fund - Institutional Shares Goldman Sachs VIT Structured Small Cap Equity 0.75 -- 0.22 -- 0.97(7) Fund - Institutional Shares Goldman Sachs VIT Structured U.S. Equity 0.62 -- 0.08 -- 0.70(8) Fund - Institutional Shares Invesco V.I. Capital Appreciation Fund, Series I 0.62 -- 0.29 -- 0.91 Shares Invesco V.I. Capital Development Fund, Series I 0.75 -- 0.34 -- 1.09 Shares Invesco V.I. Global Health Care Fund, Series II 0.75 0.25 0.37 -- 1.37 Shares Invesco V.I. International Growth Fund, Series 0.71 0.25 0.33 -- 1.29 II Shares Invesco Van Kampen V.I. Comstock Fund, Series II 0.56 0.25 0.29 -- 1.10(9) Shares Janus Aspen Series Enterprise Portfolio: Service 0.64 0.25 0.04 -- 0.93 Shares Janus Aspen Series Global Technology Portfolio: 0.64 0.25 0.24 -- 1.13 Service Shares Janus Aspen Series Janus Portfolio: Service 0.64 0.25 0.03 -- 0.92 Shares Janus Aspen Series Overseas Portfolio: Service 0.64 0.25 0.04 -- 0.93 Shares MFS(R) Investors Growth Stock Series - Service 0.75 0.25 0.12 -- 1.12 Class MFS(R) New Discovery Series - Service Class 0.90 0.25 0.11 -- 1.26 MFS(R) Utilities Series - Service Class 0.73 0.25 0.08 -- 1.06 Morgan Stanley UIF Global Real Estate Portfolio, 0.85 0.35 0.43 -- 1.63(10) Class II Shares Morgan Stanley UIF Mid Cap Growth Portfolio, 0.75 0.35 0.31 -- 1.41(10) Class II Shares Neuberger Berman Advisers Management Trust 1.15 0.25 0.25 0.02 1.67(11) International Portfolio (Class S) Oppenheimer Global Securities Fund/VA, Service 0.63 0.25 0.13 -- 1.01 Shares Oppenheimer Global Strategic Income Fund/VA, 0.60 0.25 0.14 0.04 1.03(12) Service Shares Oppenheimer Main Street Small- & Mid-Cap 0.70 0.25 0.15 -- 1.10(13) Fund(R)/VA, Service Shares PIMCO VIT All Asset Portfolio, Advisor Share 0.43 0.25 -- 0.66 1.34(14) Class Putnam VT Multi-Cap Growth Fund - Class IB 0.56 0.25 0.19 -- 1.00 Shares Royce Capital Fund - Micro-Cap Portfolio, 1.25 -- 0.07 0.05 1.37 Investment Class Third Avenue Value Portfolio 0.90 -- 0.42 -- 1.32(16) Variable Portfolio - Aggressive Portfolio (Class -- 0.25 0.02 0.82 1.09 2) Variable Portfolio - Aggressive Portfolio (Class -- 0.25 0.02 0.82 1.09(15) 4) Variable Portfolio - Conservative Portfolio -- 0.25 0.03 0.64 0.92 (Class 2) Variable Portfolio - Conservative Portfolio -- 0.25 0.03 0.64 0.92(15) (Class 4) Variable Portfolio - Davis New York Venture Fund 0.70 0.13 0.13 -- 0.96(1),(17) (Class 3) Variable Portfolio - Goldman Sachs Mid Cap Value 0.78 0.13 0.14 -- 1.05(1) Fund (Class 3) Variable Portfolio - Moderate Portfolio (Class -- 0.25 0.02 0.75 1.02 2) Variable Portfolio - Moderate Portfolio (Class -- 0.25 0.02 0.75 1.02(15) 4) Variable Portfolio - Moderately Aggressive -- 0.25 0.02 0.79 1.06 Portfolio (Class 2)
8 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND* (CONTINUED) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12B-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES Variable Portfolio - Moderately Aggressive --% 0.25% 0.02% 0.79% 1.06%(15) Portfolio (Class 4) Variable Portfolio - Moderately Conservative -- 0.25 0.02 0.69 0.96 Portfolio (Class 2) Variable Portfolio - Moderately Conservative -- 0.25 0.02 0.69 0.96(15) Portfolio (Class 4) Variable Portfolio - Partners Small Cap Value 0.92 0.13 0.17 0.04 1.26(1),(17) Fund (Class 3) Wanger International 0.86 -- 0.21 -- 1.07(18) Wanger USA 0.86 -- 0.12 -- 0.98(18) Wells Fargo Advantage VT Index Asset Allocation 0.55 0.25 0.28 -- 1.08(19) Fund - Class 2 Wells Fargo Advantage VT International Equity 0.75 0.25 0.26 0.01 1.27(20) Fund - Class 2 Wells Fargo Advantage VT Small Cap Growth 0.75 0.25 0.20 -- 1.20(20) Fund - Class 2
*The Funds provided the information on their expenses and we have not independently verified the information. **The previous fund names can be found in "The Variable Account and the Funds" section of the prospectus. ***Includes fees and expenses incurred indirectly by the Fund as a result of its investment in other investment companies (also referred to as acquired funds). (1)Expense ratios have been adjusted to reflect current fees. (2)Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses (other than acquired fund fees and expenses, if any) until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net fund expenses (excluding acquired fund fees and expenses, if any), will not exceed 0.82% for Columbia Variable Portfolio - Balanced Fund (Class 3), 0.58% for Columbia Variable Portfolio - Cash Management Fund (Class 3), 0.86% for Columbia Variable Portfolio - Dynamic Equity Fund (Class 3), 0.83% for Columbia Variable Portfolio - Income Opportunities Fund (Class 3), 0.89% for Columbia Variable Portfolio - Large Cap Growth Fund (Class 3), 1.02% for Columbia Variable Portfolio - Mid Cap Value Opportunity Fund (Class 3), 0.95% for Columbia Variable Portfolio - Select Large-Cap Value Fund (Class 3) and 1.08% for Columbia Variable Portfolio - Select Smaller-Cap Value Fund (Class 3). (3)Other expenses have been restated to reflect contractual changes to the transfer agency fees paid. The Adviser has contractually agreed to bear, through April 30, 2012, a portion of the Fund's expenses so that the Fund's ordinary operating expenses (excluding brokerage commissions, interest, taxes, acquired fund fees and expenses, and extraordinary expenses, but including custodian charges relating to overdrafts, if any), after giving effect to any balance credits from the Fund's custodian, do not exceed the annual rate of 0.91% for Columbia Variable Portfolio - Marsico Growth Fund, Class 1 and 1.45% for Columbia Variable Portfolio - Marsico International Opportunities Fund, Class 2 of the Fund's average daily net assets. This expense arrangement may only be modified or amended with approval from all parties to such arrangement, including the Fund and the Adviser. (4)Effective January 1, 2011, Credit Suisse will voluntarily waive fees and reimburse expenses so that the Portfolio's annual expenses will not exceed 1.05% of the Portfolio's average daily net assets. (5)The investment manager and administrator have contractually agreed to waive or limit their respective fees so that the increase in investment management and fund administration fees paid by the Fund is phased in over a five year period, starting on May 1, 2007, with there being no increase in the rate of such fees for the first year ended April 30, 2008. For each of four years thereafter through April 30, 2012, the investment manager and administrator will receive one-fifth of the increase in the rate of fees. After fee reductions, net expenses would be 1.25%. (6)The manager and administrator have agreed in advance to reduce their fees as a result of the Fund's investment in a Franklin Templeton money market fund. This reduction will continue until at least April 30, 2012. After fee reductions, net expenses would be 0.93%. (7)The Investment Adviser has voluntarily agreed to waive a portion of its management fee equal to achieve the effective net management fee of 0.73%. In addition, the Investment Adviser has voluntarily agreed to reduce or limit other expenses (excluding management fees, distribution and service fees, transfer agent fees and expenses, taxes, interest, brokerage fees and litigation, indemnification, shareholder meetings and other extraordinary expenses, exclusive of any custody and transfer agent fee credit reductions) equal on an annualized basis to 0.094% of the average daily net assets of the Fund. Prior to July 1, 2010 the other expenses limitation was 0.114% of the average daily net assets of the Fund. Such other expense reimbursements, if any, are computed daily and paid monthly. The expense reductions may be modified or terminated at any time at the option of the Investment Adviser without shareholder approval. (8)The Investment Adviser has voluntarily agreed to reduce or limit other expenses (excluding management fees, distribution and service fees, transfer agent fees and expenses, taxes, interest, brokerage fees and litigation, indemnification, shareholder meetings and other extraordinary expenses, exclusive of any custody and transfer agent fee credit reductions) equal on an annualized basis to 0.004% of the Fund's average daily net assets. The expense reductions may be modified or terminated at any time at the option of the Investment Adviser without shareholder approval. (9)Total annual fund operating expenses have been restated and reflect the reorganization of one or more affiliated investment companies into the Fund. In addition, the Adviser has contractually agreed, through at least June 30, 2012, to waive advisory fees and/or reimburse expenses of Series II shares to the extent necessary to limit total annual fund operating expenses after fee waivers and/or expense reimbursements (excluding interest, taxes, dividend expense on short sales, extraordinary or non- routine items and expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement) of Series II shares to 0.87% of average daily net assets. (10)The Portfolios' adviser, Morgan Stanley Investment Management Inc. (the "Adviser"), has agreed to reduce its advisory fee and/or reimburse each Portfolio so that total annual portfolio operating expenses, excluding certain investment related expenses (such as foreign country tax expense and interest expense on amounts borrowed) (but including any 12b-1 fee), will not exceed 1.40% for Morgan Stanley UIF Global Real Estate Portfolio, Class II Shares and 1.15% for Morgan Stanley UIF Mid Cap Growth Portfolio, Class II Shares. The fee waivers and/or expense reimbursements are expected to continue until such time as the Fund's Board of Directors acts to discontinue all or a portion of such waivers and/or reimbursements when it deems that such action is appropriate. (11)Neuberger Berman Management LLC ("NBM") has undertaken through Dec. 31, 2014, to waive fees and/or reimburse certain operating expenses, including the compensation of NBM and excluding taxes, interest, extraordinary expenses, brokerage commissions and transaction costs, that exceed, in the aggregate, 2.00% of the average daily net asset value. NBM has also voluntarily committed to reimburse certain expenses for an additional 0.50% per annum of the Portfolio's average daily net assets to maintain the Portfolio's operating expenses at 1.50%. The expense limitation arrangement for the Portfolio is contractual and any excess expenses can be repaid to NBM within three years of the year incurred, provided such recoupment would not cause the Portfolio to exceed its respective limitation. After fee waiver and expense reimbursements, net expenses would be 1.52%. RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 9 (12)The Manager has agreed to waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund's investments in Oppenheimer Institutional Money Market Fund, Oppenheimer Master Loan Fund, LLC and Oppenheimer Master Event-Linked Bond Fund, LLC. This fee waiver and/or reimbursement may not be amended or withdrawn until one year after the date of the Fund's prospectus. The Manager has also contractually agreed to waive the management fee it receives from the Fund in an amount equal to the management fee it receives from the Subsidiary. This undertaking will continue in effect for so long as the Fund invests in the Subsidiary, and may not be terminated by the Manager unless termination is approved by the Fund's Board of Trustees. (13)The Manager has voluntarily agreed to limit the Fund's total annual operating expenses so that those expenses, as percentages of daily net assets, will not exceed the annual rate of 1.05%. This voluntary expense limitation may not be amended or withdrawn until one year after the date of the Funds' prospectus. (14)PIMCO has contractually agreed, through May 1, 2012, to reduce its advisory fee to the extent that the Underlying PIMCO Fund Expenses attributable to advisory and supervisory and administrative fees exceed 0.64% of the total assets invested in Underlying PIMCO Funds. PIMCO may recoup these waivers in future periods, not exceeding three years, provided total expenses, including such recoupment, do not exceed the annual expense limit. The fee reduction is implemented based on a calculation of Underlying PIMCO fund expenses attributable to advisory and supervisory and administrative fees that is different from the calculation of acquired fund fees and expenses listed in the table above. After fee waivers, net expenses would be 1.305%. (15)Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses for Class 4 shares of the Fund until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net Fund expenses (including acquired fund fees and expenses) will not exceed 0.99% for Variable Portfolio - Aggressive Portfolio (Class 4), 0.86% for Variable Portfolio - Conservative Portfolio (Class 4), 0.94% for Variable Portfolio - Moderate Portfolio (Class 4), 0.98% Variable Portfolio - Moderately Aggressive Portfolio (Class 4) and 0.90% for Variable Portfolio - Moderately Conservative Portfolio (Class 4). (16)The Fund's advisor has contractually agreed to waive fees until April 30, 2012. After fee waivers net expenses would be 1.30%. (17)Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses (other than acquired fund fees and expenses, if any) until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net fund expenses (excluding acquired fund fees and expenses, if any), will not exceed 0.90% for Variable Portfolio - Davis New York Venture Fund (Class 3) and 1.14% for Variable Portfolio - Partners Small Cap Value Fund (Class 3). (18)The advisor has contractually agreed to cap advisory fees at an annual rate equal to 0.83% for Wanger International and 0.85% for Wanger USA of the Fund's average daily net assets until April 30, 2012. After fee waivers and/or reimbursements, net expenses would be 1.04% for Wanger International and 0.97% for Wanger USA. (19)Expenses have been adjusted from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses. Funds Management has committed through April 30, 2012 to waive fees and/or reimburse expenses to the extent necessary to ensure that the Fund's total annual fund operating expenses after fee waiver, excluding brokerage commissions, interest, taxes, extraordinary expenses, and the expenses of any money market fund or other fund held by the Fund, do not exceed 1.00%. (20)Expenses have been adjusted from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses. Funds Management has committed through July 18, 2013 to waive fees and/or reimburse expenses to the extent necessary to ensure that the Fund's total annual fund operating expenses after fee waiver, excluding brokerage commissions, interest, taxes, extraordinary expenses, and the expenses of any money market fund or other fund held by the Fund, do not exceed 0.95% for Wells Fargo Advantage VT International Equity Fund - Class 2 and 1.20% for Wells Fargo Advantage VT Small Cap Growth Fund - Class 2. 10 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS EXAMPLES THESE EXAMPLES ARE INTENDED TO HELP YOU COMPARE THE COST OF INVESTING IN THE CONTRACT WITH THE COST OF INVESTING IN OTHER VARIABLE ANNUITY CONTRACTS. THESE COSTS INCLUDE YOUR TRANSACTION EXPENSES, CONTRACT ADMINISTRATIVE CHARGES*, VARIABLE ACCOUNT ANNUAL EXPENSES AND FUND FEES AND EXPENSES. THESE EXAMPLES ASSUME THAT YOU INVEST $10,000 IN THE CONTRACT FOR THE TIME PERIODS INDICATED. THESE EXAMPLES ALSO ASSUME THAT YOUR INVESTMENT HAS A 5% RETURN EACH YEAR. MAXIMUM EXPENSES. These examples assume the most expensive combination of contract features and benefits and the maximum fees and expense of any of the funds. They assume that you select both the optional MAV and EEB. Although your actual costs may be lower, based on these assumptions your costs would be:
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN NONQUALIFIED AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA with a ten- year surrender charge schedule $1,145 $1,849 $2,473 $3,877 $345 $1,049 $1,773 $3,677 RAVA with a seven-year surrender charge schedule 1,045 1,749 2,273 3,677 345 1,049 1,773 3,677 QUALIFIED ANNUITY RAVA with a ten- year surrender charge schedule $1,124 $1,788 $2,374 $3,688 $324 $988 $1,674 $3,488 RAVA with a seven-year surrender charge schedule 1,024 1,688 2,174 3,488 324 988 1,674 3,488
MINIMUM EXPENSES. These examples assume the least expensive combination of contract features and benefits and the minimum fees and expenses of any of the funds. They assume that you do not select any optional benefits. Although your actual costs may be higher, based on these assumptions your costs would be:
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN NONQUALIFIED AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA with a ten- year surrender charge schedule $976 $1,341 $1,627 $2,189 $176 $541 $927 $1,989 RAVA with a seven-year surrender charge schedule 876 1,241 1,427 1,989 176 541 927 1,989 QUALIFIED ANNUITY RAVA with a ten- year surrender charge schedule $955 $1,278 $1,520 $1,965 $155 $478 $820 $1,765 RAVA with a seven-year surrender charge schedule 855 1,178 1,320 1,765 155 478 820 1,765
* In these examples, the contract administrative charge is $30. THE EXAMPLES ARE ILLUSTRATIVE ONLY. YOU SHOULD NOT CONSIDER THESE EXAMPLES AS A REPRESENTATION OF PAST OR FUTURE EXPENSES. ACTUAL EXPENSES WILL BE HIGHER OR LOWER THAN THOSE SHOWN DEPENDING UPON WHICH OPTIONAL BENEFIT YOU ELECT OTHER THAN INDICATED IN THE EXAMPLES OR IF YOU ALLOCATE CONTRACT VALUE TO ANY OTHER AVAILABLE SUBACCOUNTS. RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 11 CONDENSED FINANCIAL INFORMATION You can find unaudited condensed financial information of the subaccounts in the Appendix. FINANCIAL STATEMENTS You can find our audited financial statements and the audited financial statements of the divisions, which are comprised of subaccounts, in the SAI. The SAI does not include audited financial statements for divisions that are new and have no activity as of the financial statement date. THE VARIABLE ACCOUNT AND THE FUNDS THE VARIABLE ACCOUNT: The variable account was established under Minnesota law on Aug. 23, 1995, and the subaccounts are registered together as a single unit investment trust under the Investment Company Act of 1940 (the 1940 Act). This registration does not involve any supervision of our management or investment practices and policies by the SEC. All obligations arising under the contracts are general obligations of RiverSource Life. The variable account meets the definition of a separate account under federal securities laws. We credit or charge income, capital gains and capital losses of each subaccount only to that subaccount. State insurance law prohibits us from charging a subaccount with liabilities of any other subaccount or of our general business. The variable account includes other subaccounts that are available under contracts that are not described in this prospectus. Although the Internal Revenue Service (IRS) has issued some guidance on investor control, the U.S. Treasury and the IRS may continue to examine this aspect of variable contracts and provide additional guidance on investor control. At this time, we do not know what the additional guidance will be or when action will be taken. We reserve the right to modify the contract, as necessary, so that the owner will not be subject to current taxation as the owner of the subaccount assets. We intend to comply with all federal tax laws so that the contract continues to qualify as an annuity for federal income tax purposes. We reserve the right to modify the contract as necessary to comply with any new tax laws. THE FUNDS: The contract currently offers subaccounts investing in shares of the funds listed in the table below. - INVESTMENT OBJECTIVES: The investment managers and advisers cannot guarantee that the funds will meet their investment objectives. Please read the funds' prospectuses for facts you should know before investing. These prospectuses are available by contacting us at the address or telephone number on the first page of this prospectus. - FUND NAME AND MANAGEMENT: 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. - ELIGIBLE PURCHASERS: All funds are available to serve as the underlying investments for variable annuities and variable life insurance policies. The funds are not available to the public (see "Fund name and management" above). Some funds also are available to serve as investment options for tax-deferred retirement plans. It is possible that in the future for tax, regulatory or other reasons, it may be disadvantageous for variable annuity accounts and variable life insurance accounts and/or tax-deferred retirement plans to invest in the available funds simultaneously. Although we and the funds do not currently foresee any such disadvantages, the boards of directors or trustees of each fund will monitor events in order to identify any material conflicts between annuity owners, policy owners and tax-deferred retirement plans and to determine what action, if any, should be taken in response to a conflict. If a board were to conclude that it should establish separate funds for the variable annuity, variable life insurance and tax-deferred retirement plan accounts, you would not bear any expenses associated with establishing separate funds. Please refer to the funds' prospectuses for risk disclosure regarding simultaneous investments by variable annuity, variable life insurance and tax-deferred retirement plan accounts. Each fund intends to comply with the diversification requirements under Section 817(h) of the Code. - ASSET ALLOCATION PROGRAMS MAY IMPACT FUND PERFORMANCE: Asset allocation programs in general may negatively impact the performance of an underlying fund. Even if you do not participate in an asset allocation program, a fund in which your subaccount invests may be impacted if it is included in an asset allocation program. Rebalancing or reallocation under the terms of the asset allocation program may cause a fund to lose money if it must sell large amounts of securities to meet a redemption request. These losses can be greater if the fund holds securities that are not as liquid as others; for example, various types of bonds, shares of smaller companies and securities of foreign issuers. A fund may also experience higher expenses because it must sell or buy securities more frequently than it otherwise might in the absence of asset allocation program rebalancing or reallocations. Because asset allocation programs include periodic rebalancing and may also include 12 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS reallocation, these effects may occur under the asset allocation program we offer (see "Making the Most of Your Contract - Portfolio Navigator Program") or under asset allocation programs used in conjunction with the contracts and plans of other eligible purchasers of the funds. - FUNDS AVAILABLE UNDER THE CONTRACT: We seek to provide a broad array of underlying funds taking into account the fees and charges imposed by each fund and the contract charges we impose. We select the underlying funds in which the subaccounts initially invest and when there is substitution (see "Substitution of Investments"). We also make all decisions regarding which funds to retain in a contract, which funds to add to a contract and which funds will no longer be offered in a contract. In making these decisions, we may consider various objective and subjective factors. Objective factors include, but are not limited to fund performance, fund expenses, classes of fund shares available, size of the fund and investment objectives and investing style of the fund. Subjective factors include, but are not limited to, investment sub-styles and process, management skill and history at other funds and portfolio concentration and sector weightings. We also consider the levels and types of revenue including but not limited to expense payments and non-cash compensation a fund, its distributor, investment adviser, subadviser, transfer agent or their affiliates pay us and our affiliates. This revenue includes, but is not limited to compensation for administrative services provided with respect to the fund and support of marketing and distribution expenses incurred with respect to the fund. - REVENUE WE RECEIVE FROM THE FUNDS MAY CREATE POTENTIAL CONFLICTS OF INTEREST: We or our affiliates receive from each of the funds, or the funds' affiliates, varying levels and types of revenue including expense payments and non-cash compensation. The amount of this revenue and how it is computed varies by fund, may be significant and may create potential conflicts of interest. The greatest amount and percentage of revenue we and our affiliates receive comes from assets allocated to subaccounts investing in the funds that are managed by our affiliates Columbia Management Investment Advisers, LLC (Columbia Management Investment Advisers) or Columbia Wanger Asset Management, LLC (Columbia Wanger Asset Management) (affiliated funds). Employee compensation and operating goals at all levels are tied to the success of Ameriprise Financial, Inc. and its affiliates, including us. Certain employees may receive higher compensation and other benefits based, in part, on contract values that are invested in the affiliated funds. We or our affiliates receive revenue which ranges up to 0.64% of the average daily net assets invested in the underlying funds through this and other contracts we and our affiliate issue. We or our affiliates may also receive revenue which ranges up to 0.04% of aggregate, net or anticipated sales of underlying funds through this and other contracts we and our affiliate issue. Please see the SAI for a table that ranks the underlying funds according to total dollar amounts they and their affiliates paid us or our affiliates in the prior calendar year. Expense payments, non-cash compensation and other forms of revenue may influence recommendations your investment professional makes regarding whether you should invest in the contract, and whether you should allocate purchase payments or contract value to a subaccount that invests in a particular fund (see "About the Service Providers"). The revenue we or our affiliates receive from a fund or its affiliates is in addition to revenue we receive from the charges you pay when buying, owning and surrendering the contract (see "Expense Summary"). However, the revenue we or our affiliates receive from a fund or its affiliates may come, at least in part, from the fund's fees and expenses you pay indirectly when you allocate contract value to the subaccount that invests in that fund. - WHY REVENUES ARE PAID TO US: In accordance with applicable laws, regulations and the terms of the agreements under which such revenue is paid, we or our affiliates may receive these revenues including but not limited to expense payments and non-cash compensation for various purposes: - Compensating, training and educating financial advisors who sell the contracts. - Granting access to our employees whose job it is to promote sales of the contracts by authorized selling firms and their financial advisors, and granting access to financial advisors of our affiliated selling firms. - Activities or services we or our affiliates provide that assist in the promotion and distribution of the contracts including promoting the funds available under the contracts to prospective and existing contract owners, authorized selling firms and financial advisors. - Providing sub-transfer agency and shareholder servicing to contract owners. - Promoting, including and/or retaining the fund's investment portfolios as underlying investment options in the contracts. - Advertising, printing and mailing sales literature, and printing and distributing prospectuses and reports. - Furnishing personal services to contract owners, including education of contract owners, answering routine inquiries regarding a fund, maintaining accounts or providing such other services eligible for service fees as defined under the rules of the Financial Industry Regulatory Authority (FINRA). - Subaccounting, transaction processing, recordkeeping and administration. RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 13 - SOURCES OF REVENUE RECEIVED FROM AFFILIATED FUNDS: The affiliated funds are managed by Columbia Management Investment Advisers or Columbia Wanger Asset Management. The sources of revenue we receive from these affiliated funds, or from affiliates of these funds, may include, but are not necessarily limited to, the following: - Assets of the fund's adviser and transfer agent or an affiliate. The revenue resulting from these sources may be based either on a percentage of average daily net assets of the fund or on the actual cost of certain services we provide with respect to the fund. We may receive this revenue either in the form of a cash payment or it may be allocated to us. - Compensation paid out of 12b-1 fees that are deducted from fund assets and disclosed in the "12b-1 fees" column of the "Annual Operating Expenses of the Funds" table. - SOURCES OF REVENUE RECEIVED FROM UNAFFILIATED FUNDS: The unaffiliated funds are not managed by an affiliate of ours. The sources of revenue we receive from these unaffiliated funds, or the funds' affiliates, may include, but are not necessarily limited to, the following: - Assets of the fund's adviser, subadviser, transfer agent or an affiliate of these and assets of the fund's distributor or an affiliate. The revenue resulting from these sources usually is based on a percentage of average daily net assets of the fund but there may be other types of payment arrangements. - Compensation paid out of 12b-1 fees that are deducted from fund assets and disclosed in the "12b-1 fees" column of the "Annual Operating Expenses of the Funds" table. 14 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS UNLESS THE PN PROGRAM IS IN EFFECT, YOU MAY ALLOCATE PURCHASE PAYMENTS AND TRANSFERS TO ANY OR ALL OF THE SUBACCOUNTS OF THE VARIABLE ACCOUNT THAT INVEST IN SHARES OF THE FOLLOWING FUNDS:
----------------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ----------------------------------------------------------------------------------------------- AllianceBernstein VPS Seeks long-term growth of capital. AllianceBernstein L.P. Global Thematic Growth Portfolio (Class B) ----------------------------------------------------------------------------------------------- AllianceBernstein VPS Seeks long-term growth of capital. AllianceBernstein L.P. Growth and Income Portfolio (Class B) ----------------------------------------------------------------------------------------------- AllianceBernstein VPS Seeks long-term growth of capital. AllianceBernstein L.P. International Value Portfolio (Class B) ----------------------------------------------------------------------------------------------- American Century VP Seeks capital growth. American Century International, Class I Investment Management, Inc. ----------------------------------------------------------------------------------------------- American Century VP Mid Seeks long-term capital growth. Income is a American Century Cap Value, Class II secondary objective. Investment Management, Inc. ----------------------------------------------------------------------------------------------- American Century VP Seeks long-term capital growth. American Century Ultra(R), Class II Investment Management, Inc. ----------------------------------------------------------------------------------------------- American Century VP Seeks long-term capital growth. Income is a American Century Value, Class I secondary objective. Investment Management, Inc. ----------------------------------------------------------------------------------------------- Calvert Variable Series, Seeks competitive total return through an Calvert Investment Inc. VP SRI Balanced actively managed portfolio of stocks, bonds Management Inc., Portfolio (previously and money market instruments which offer adviser. New Amsterdam Calvert Variable Series, income and capital growth opportunity and Partners, LLP, Inc. VP SRI Social which satisfy the investment criteria, subadviser on equity Balanced Portfolio) including financial, sustainability and portion; no subadviser social responsibility factors. on fixed-income portion. ----------------------------------------------------------------------------------------------- Columbia Variable Seeks maximum total investment return Columbia Management Portfolio - Balanced through a combination of capital growth and Investment Advisers, LLC Fund (Class 3) current income. (previously RiverSource Variable Portfolio - Balanced Fund (Class 3)) ----------------------------------------------------------------------------------------------- Columbia Variable Seeks maximum current income consistent Columbia Management Portfolio - Cash with liquidity and stability of principal. Investment Advisers, LLC Management Fund (Class 3) (previously RiverSource Variable Portfolio - Cash Management Fund (Class 3)) ----------------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income while Columbia Management Portfolio - Diversified attempting to conserve the value of the Investment Advisers, LLC Bond Fund (Class 3) investment for the longest period of time. (previously RiverSource Variable Portfolio - Diversified Bond Fund (Class 3)) -----------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 15
----------------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ----------------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income and, as Columbia Management Portfolio - Diversified a secondary goal, steady growth of capital. Investment Advisers, LLC Equity Income Fund (Class 3) (previously RiverSource Variable Portfolio - Diversified Equity Income Fund (Class 3)) ----------------------------------------------------------------------------------------------- Columbia Variable Seeks capital appreciation. Columbia Management Portfolio - Dynamic Investment Advisers, LLC Equity Fund (Class 3) (previously RiverSource Variable Portfolio - Dynamic Equity Fund (Class 3)) ----------------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Emerging Investment Advisers, Markets Opportunity Fund LLC, adviser; (Class 3) (previously Threadneedle Threadneedle Variable International Limited, Portfolio - Emerging an indirect wholly-owned Markets Fund (Class 3)) subsidiary of Ameriprise Financial, sub-adviser. ----------------------------------------------------------------------------------------------- Columbia Variable Non-diversified fund that seeks high total Columbia Management Portfolio - Global Bond return through income and growth of Investment Advisers, LLC Fund (Class 3) capital. (previously RiverSource Variable Portfolio - Global Bond Fund (Class 3)) ----------------------------------------------------------------------------------------------- Columbia Variable Non-diversified fund that seeks total Columbia Management Portfolio - Global return that exceeds the rate of inflation Investment Advisers, LLC Inflation Protected over the long term. Securities Fund (Class 3) (previously RiverSource Variable Portfolio - Global Inflation Protected Securities Fund (Class 3)) ----------------------------------------------------------------------------------------------- Columbia Variable Seeks high current income, with capital Columbia Management Portfolio - High Yield growth as a secondary objective. Investment Advisers, LLC Bond Fund (Class 3) (previously RiverSource Variable Portfolio - High Yield Bond Fund (Class 3)) ----------------------------------------------------------------------------------------------- Columbia Variable Seeks high total return through current Columbia Management Portfolio - Income income and capital appreciation. Investment Advisers, LLC Opportunities Fund (Class 3) (previously RiverSource Variable Portfolio - Income Opportunities Fund (Class 3)) -----------------------------------------------------------------------------------------------
16 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS
----------------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ----------------------------------------------------------------------------------------------- Columbia Variable Seeks capital appreciation. Columbia Management Portfolio - In- Investment Advisers, ternational Opportunity LLC, adviser; Fund (Class 3) Threadneedle (previously Threadneedle International Limited, Variable an indirect wholly-owned Portfolio - In- subsidiary of Ameriprise ternational Opportunity Financial, sub-adviser. Fund (Class 3)) ----------------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Large Cap Investment Advisers, LLC Growth Fund (Class 3) (previously Seligman Variable Portfolio - Growth Fund (Class 3)) ----------------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Marsico Investment Advisers, Growth Fund, Class 1 LLC, adviser; Marsico (previously Columbia Capital Management, LLC, Marsico Growth Fund, subadviser. Variable Series, Class A) ----------------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Marsico Investment Advisers, International LLC, adviser; Marsico Opportunities Fund, Capital Management, LLC, Class 2 (previously subadviser. Columbia Marsico International Opportunities Fund, Variable Series, Class B)) ----------------------------------------------------------------------------------------------- Columbia Variable Seeks growth of capital. Columbia Management Portfolio - Mid Cap Investment Advisers, LLC Growth Opportunity Fund (Class 3) (previously RiverSource Variable Portfolio - Mid Cap Growth Fund (Class 3)) ----------------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Mid Cap Investment Advisers, LLC Value Opportunity Fund (Class 3) (previously RiverSource Variable Portfolio - Mid Cap Value Fund (Class 3)) ----------------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital appreciation. Columbia Management Portfolio - S&P 500 Investment Advisers, LLC Index Fund (Class 3) (previously RiverSource Variable Portfolio - S&P 500 Index Fund (Class 3)) -----------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 17
----------------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ----------------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Select Investment Advisers, LLC Large-Cap Value Fund (Class 3) (previously Seligman Variable Portfolio - Larger-Cap Value Fund (Class 3)) ----------------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Select Investment Advisers, LLC Smaller-Cap Value Fund (Class 3) (previously Seligman Variable Portfolio - Smaller-Cap Value Fund (Class 3)) ----------------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income and Columbia Management Portfolio - Short safety of principal consistent with Investment Advisers, LLC Duration U.S. Government investment in U.S. government and Fund (Class 3) government agency securities. (previously RiverSource Variable Portfolio - Short Duration U.S. Government Fund (Class 3)) ----------------------------------------------------------------------------------------------- Credit Suisse Seeks total return. Credit Suisse Asset Trust - Commodity Return Management, LLC Strategy Portfolio ----------------------------------------------------------------------------------------------- Credit Suisse Seeks capital growth. Credit Suisse Asset Trust - U.S. Equity Flex Management, LLC I Portfolio ----------------------------------------------------------------------------------------------- Eaton Vance VT Floating- Seeks high level of current income. Eaton Vance Management Rate Income Fund ----------------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks long-term capital appreciation. Fidelity Management & Contrafund(R) Portfolio Normally invests primarily in common Research Company (FMR) Service Class 2 stocks. Invests in securities of companies is the fund's manager. whose value it believes is not fully Fidelity Investments recognized by the public. Invests in either Money Management, Inc. "growth" stocks or "value" stocks or both. (FIMM) and other The fund invests in domestic and foreign affiliates of FMR serve issuers. as sub-advisers for the fund. ----------------------------------------------------------------------------------------------- Fidelity(R) VIP Growth & Seeks high total return through a FMR is the fund's Income Portfolio Service combination of current income and capital manager. FIMM and other Class appreciation. Normally invests a majority affiliates of FMR serve of assets in common stocks with a focus on as sub-advisers for the those that pay current dividends and show fund. potential for capital appreciation. Invests in domestic and foreign issuers. The Fund invests in either "growth" stocks or "value" stocks or both. ----------------------------------------------------------------------------------------------- Fidelity(R) VIP Mid Cap Seeks long-term growth of capital. Normally FMR is the fund's Portfolio Service Class invests primarily in common stocks. manager. FIMM and other Normally invests at least 80% of assets in affiliates of FMR serve securities of companies with medium market as sub-advisers for the capitalizations. May invest in companies fund. with smaller or larger market capitalizations. Invests in domestic and foreign issuers. The Fund invests in either "growth" or "value" common stocks or both. -----------------------------------------------------------------------------------------------
18 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS
----------------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ----------------------------------------------------------------------------------------------- Fidelity(R) VIP Overseas Seeks long-term growth of capital. Normally FMR is the fund's Portfolio Service Class invests primarily in common stocks manager. FIMM and other allocating investments across different affiliates of FMR serve countries and regions. Normally invests at as sub-advisers for the least 80% of assets in non-U.S. securities. fund. ----------------------------------------------------------------------------------------------- FTVIPT Franklin Global Seeks high total return. The fund normally Franklin Templeton Real Estate Securities invests at least 80% of its net assets in Institutional, LLC Fund - Class 2 investments of companies located anywhere in the world that operate in the real estate sector. ----------------------------------------------------------------------------------------------- FTVIPT Franklin Small Seeks long-term total return. The fund Franklin Advisory Cap Value Securities normally invests at least 80% of its net Services, LLC Fund - Class 2 assets in investments of small capitalization companies. ----------------------------------------------------------------------------------------------- Goldman Sachs VIT Mid Seeks long-term capital appreciation. Goldman Sachs Asset Cap Value Management, L.P. Fund - Institutional Shares ----------------------------------------------------------------------------------------------- Goldman Sachs VIT Seeks long-term growth of capital. Goldman Sachs Asset Structured Small Cap Management, L.P. Equity Fund - Institutional Shares ----------------------------------------------------------------------------------------------- Goldman Sachs VIT Seeks long-term growth of capital. Goldman Sachs Asset Structured U.S. Equity Management, L.P. Fund - Institutional Shares ----------------------------------------------------------------------------------------------- Invesco V.I. Capital Seeks long-term growth of capital. Invesco Advisers, Inc. Appreciation Fund, Series I Shares ----------------------------------------------------------------------------------------------- Invesco V.I. Capital Seeks long-term growth of capital. Invesco Advisers, Inc. Development Fund, Series I Shares ----------------------------------------------------------------------------------------------- Invesco V.I. Global Seeks long-term growth of capital. Invesco Advisers, Inc. Health Care Fund, Series II Shares ----------------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. International Growth Fund, Series II Shares ----------------------------------------------------------------------------------------------- Invesco Van Kampen V.I. Seeks capital growth and income through Invesco Advisers, Inc. Comstock Fund, Series II investments in equity securities, including Shares (previously Van common stocks, preferred stocks and Kampen LIT Comstock securities convertible into common and Portfolio, Class II preferred stocks. Shares) ----------------------------------------------------------------------------------------------- Janus Aspen Series Seeks long-term growth of capital. Janus Capital Management Enterprise Portfolio: LLC Service Shares ----------------------------------------------------------------------------------------------- Janus Aspen Series Seeks long-term growth of capital. Janus Capital Management Global Technology LLC Portfolio: Service Shares ----------------------------------------------------------------------------------------------- Janus Aspen Series Janus Seeks long-term growth of capital in a Janus Capital Management Portfolio: Service manner consistent with the preservation of LLC Shares capital. ----------------------------------------------------------------------------------------------- Janus Aspen Series Seeks long-term growth of capital. Janus Capital Management Overseas Portfolio: LLC Service Shares -----------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 19
----------------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ----------------------------------------------------------------------------------------------- MFS(R) Investors Growth Seeks capital appreciation. MFS Investment Stock Series - Service Management(R) Class ----------------------------------------------------------------------------------------------- MFS(R) New Discovery Seeks capital appreciation. MFS Investment Series - Service Class Management(R) ----------------------------------------------------------------------------------------------- MFS(R) Utilities Seeks total return. MFS Investment Series - Service Class Management(R) ----------------------------------------------------------------------------------------------- Morgan Stanley UIF Seeks current income and capital Morgan Stanley Global Real Estate appreciation. Investment Management Portfolio, Class II Inc., adviser; Morgan Shares (previously Van Stanley Investment Kampen's UIF Global Real Management Limited and Estate Portfolio, Class Morgan Stanley II Shares) Investment Management Company, subadvisers. ----------------------------------------------------------------------------------------------- Morgan Stanley UIF Mid Seeks long-term capital growth by investing Morgan Stanley Cap Growth Portfolio, primarily in common stocks and other equity Investment Management Class II Shares securities. Inc. (previously Van Kampen's UIF Mid Cap Growth Portfolio, Class II Shares) ----------------------------------------------------------------------------------------------- Neuberger Berman Seeks long-term growth of capital by Neuberger Berman Advisers Management investing primarily in common stocks of Management LLC Trust International foreign companies. Portfolio (Class S) ----------------------------------------------------------------------------------------------- Oppenheimer Global Seeks long-term capital appreciation. OppenheimerFunds, Inc. Securities Fund/VA, Service Shares ----------------------------------------------------------------------------------------------- Oppenheimer Global Seeks high current income by investing OppenheimerFunds, Inc. Strategic Income mainly in debt securities. Fund/VA, Service Shares ----------------------------------------------------------------------------------------------- Oppenheimer Main Street Seeks capital appreciation. OppenheimerFunds, Inc. Small- & Mid-Cap Fund(R)/VA Service Shares (previously Oppenheimer Main Street Small Cap Fund/VA, Service Shares) ----------------------------------------------------------------------------------------------- PIMCO VIT All Asset Seeks maximum real return consistent with Pacific Investment Portfolio, Advisor Share preservation of real capital and prudent Management Company LLC Class investment management. ----------------------------------------------------------------------------------------------- Putnam VT Multi-Cap Seeks long-term capital appreciation. Putnam Investment Growth Fund - Class IB Management, LLC Shares ----------------------------------------------------------------------------------------------- Royce Capital Seeks long-term growth of capital. Royce & Associates, LLC Fund - Micro-Cap Portfolio, Investment Class ----------------------------------------------------------------------------------------------- Third Avenue Value Seeks long-term capital appreciation by Third Avenue Management Portfolio investing in the undervalued securities of LLC financially strong companies. -----------------------------------------------------------------------------------------------
20 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS
----------------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ----------------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Aggressive consistent with an aggressive level of Investment Advisers, LLC Portfolio (Class 2) risk. This is a "fund of funds" and seeks to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a small amount in underlying funds that invest in fixed income securities. ----------------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Aggressive consistent with an aggressive level of Investment Advisers, LLC Portfolio (Class 4) risk. This is a "fund of funds" and seeks to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a small amount in underlying funds that invest in fixed income securities. ----------------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Conservative consistent with a conservative level of Investment Advisers, LLC Portfolio (Class 2) risk. This is a "fund of funds" and seeks to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in fixed income securities. ----------------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Conservative consistent with a conservative level of Investment Advisers, LLC Portfolio (Class 4) risk. This is a "fund of funds" and seeks to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in fixed income securities. ----------------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Davis New Investment Advisers, York Venture Fund (Class LLC, adviser; Davis 3) Selected Advisers, L.P., subadviser. ----------------------------------------------------------------------------------------------- Variable Seeks long-term growth of capital. Columbia Management Portfolio - Goldman Investment Advisers, Sachs Mid Cap Value Fund LLC, adviser; Goldman (Class 3) Sachs Asset Management, L.P., subadviser. ----------------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Moderate consistent with a moderate level of risk. Investment Advisers, LLC Portfolio (Class 2) This is a "fund of funds" and seeks to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in a balance of underlying funds that invest in fixed income securities and underlying funds that invest in equity securities. ----------------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Moderate consistent with a moderate level of risk. Investment Advisers, LLC Portfolio (Class 4) This is a "fund of funds" and seeks to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in a balance of underlying funds that invest in fixed income securities and underlying funds that invest in equity securities. -----------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 21
----------------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ----------------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Moderately consistent with a moderately aggressive Investment Advisers, LLC Aggressive Portfolio level of risk. This is a "fund of funds" (Class 2) and seeks to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a moderate amount in underlying funds that invest in fixed income securities. ----------------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Moderately consistent with a moderately aggressive Investment Advisers, LLC Aggressive Portfolio level of risk. This is a "fund of funds" (Class 4) and seeks to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a moderate amount in underlying funds that invest in fixed income securities. ----------------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Moderately consistent with a moderately conservative Investment Advisers, LLC Conservative Portfolio level of risk. This is a "fund of funds" (Class 2) and seeks to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in fixed income securities and also invests a moderate amount in underlying funds that invest in equity securities. ----------------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Moderately consistent with a moderately conservative Investment Advisers, LLC Conservative Portfolio level of risk. This is a "fund of funds" (Class 4) and seeks to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in fixed income securities and also invests a moderate amount in underlying funds that invest in equity securities. ----------------------------------------------------------------------------------------------- Variable Seeks long-term capital appreciation. Columbia Management Portfolio - Partners Investment Advisers, Small Cap Value Fund LLC, adviser; Barrow, (Class 3) Hanley, Mewhinney & Strauss, Inc., Denver Investment Advisors LLC, Donald Smith & Co., Inc., River Road Asset Management, LLC and Turner Investment Partners, Inc., subadvisers. ----------------------------------------------------------------------------------------------- Wanger International Seeks long-term capital appreciation. Columbia Wanger Asset Management, LLC ----------------------------------------------------------------------------------------------- Wanger USA Seeks long-term capital appreciation. Columbia Wanger Asset Management, LLC ----------------------------------------------------------------------------------------------- Wells Fargo Advantage VT Seeks long-term total return, consisting of Wells Fargo Funds Index Asset Allocation capital appreciation and current income. Management, LLC, Fund - Class 2 adviser; Wells Capital (previously Wells Fargo Management Inc., sub- Advantage VT Index Asset adviser. Allocation Fund) ----------------------------------------------------------------------------------------------- Wells Fargo Advantage VT Seeks long-term capital appreciation. Wells Fargo Funds International Equity Management, LLC, Fund - Class 2 adviser; Wells Capital (previously Wells Fargo Management Inc., sub- Advantage VT adviser. International Core Fund) -----------------------------------------------------------------------------------------------
22 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS
----------------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ----------------------------------------------------------------------------------------------- Wells Fargo Advantage VT Seeks long-term capital appreciation. Wells Fargo Funds Small Cap Growth Management, LLC, Fund - Class 2 adviser; Wells Capital (previously Wells Fargo Management Inc., sub- Advantage VT Small Cap adviser. Growth Fund) -----------------------------------------------------------------------------------------------
THE FIXED ACCOUNT You also may allocate purchase payments and purchase payment credits or transfer contract value to the fixed account. We back the principal and interest guarantees relating to the fixed account. These guarantees are based on the continued claims-paying ability of the company. The value of the fixed account increases as we credit interest to the account. Purchase payments and transfers to the fixed account become part of our general account. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of insurance and financial products as well, and we also pay our obligations under these products from assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. We credit and compound interest daily based on a 365-day year so as to produce the annual effective rate which we declare. We do not credit interest on leap days (Feb. 29). The interest rate we apply to each purchase payment or transfer to the fixed account is guaranteed for one year. Thereafter, we will change the rates from time to time at our discretion. These rates will be based on various factors including, but not limited to, the interest rate environment, returns earned on investments backing these annuities, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition, and the RiverSource Life's revenues and expenses. Interests in the fixed account are not required to be registered with the SEC. The SEC staff does not review the disclosures in this prospectus on the fixed account. Disclosures regarding the fixed account, however, may be subject to certain generally applicable provisions of the federal securities laws relating to the accuracy and completeness of statements made in prospectuses. (See "Making the Most of Your Contract - Transfer policies" for restrictions on transfers involving the fixed account.) BUYING YOUR CONTRACT New contracts are not currently being offered. As the owner, you have all rights and may receive all benefits under the contract. You can own a nonqualified annuity in joint tenancy with rights of survivorship only in spousal situations. You cannot own a qualified annuity in joint tenancy. You can become an owner or an annuitant if you are 90 or younger. The contract provides for allocation of purchase payments and purchase payment credits to the subaccounts of the variable account and/or to the fixed account in tenth of a percent increments. We reserve the right to not accept purchase payments allocated to the fixed account for twelve months following: (1) a partial surrender from the fixed account; or (2) a lump sum from the fixed account to the subaccounts. We applied your initial purchase payment within two business days after we received it at our corporate office. However, we will credit additional purchase payments you make to your accounts on the valuation date we receive them. If we receive an additional purchase payment at our corporate office before the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the valuation date we received the payment. If we receive an additional purchase payment at our corporate office at or after the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the next valuation date after we received the payment. THE SETTLEMENT DATE Annuity payouts are scheduled to begin on the settlement date. This means that the contract will be annuitized (converted to a stream of monthly payments), and the first payment will be sent on the settlement date. If your contract is annuitized, the contract goes into payout mode and only annuity payout provisions continue. Unless Annuity Payout Plan E is elected, you will no longer have access to your contract value. In addition, the death benefit and any optional benefits you have elected will end. When we processed your application, we established the settlement date as the maximum age (or contract anniversary, if applicable). We have established a new maximum age (or contract anniversary) as described below. You also can change the settlement date, provided you send us written instructions at least 30 days before annuity payouts begin. RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 23 Generally, the settlement date must be no later than the annuitant's 95th birthday or the tenth contract anniversary. If the annuitant was age 95 or older and past the tenth contract anniversary when the new maximum was established, the new settlement date was set to a birthday later than age 95. You can also choose to delay the annuitization of your contract beyond age 95 indefinitely, to the extent allowed by applicable tax laws. Six months prior to your settlement date, we will contact you with your options, including the option to postpone your annuitization start date to a future date. If you do not make an election, annuity payouts using the contract's default option of Annuity Payout Plan B -- life annuity with 10 years certain will begin on the settlement date, and your monthly annuity payments will continue for as long as the annuitant lives. If the annuitant does not survive 10 years, payments will continue until 10 years of payments have been made. If you own a qualified annuity (for example, an IRA) and tax laws require that you take distributions from your annuity prior to your new settlement date, your contract will not be automatically annuitized. If you satisfy your RMDs for a qualified annuity in the form of partial surrenders from this contract, you are electing to defer annuitizing your contract. Contract owners of IRAs and TSAs may also be able to satisfy RMDs by electing other IRAs or TSAs, and in that case, will delay the start of annuity payouts for these contracts. BENEFICIARY If death benefits become payable before the settlement date while the contract is in force and before annuity payouts begin, we will pay the death benefit to your named beneficiary. If there is more than one beneficiary we will pay each beneficiary's designated share when we receive their completed claim. A beneficiary will bear the investment risk of the variable account until we receive the beneficiary's completed claim. If there is no named beneficiary, then the default provisions of your contract apply. (See "Benefits in Case of Death" for more about beneficiaries.) PURCHASE PAYMENTS MINIMUM ALLOWABLE PURCHASE PAYMENTS(1) If paying by installments under a scheduled payment plan: $50 per month If paying by any other method: $50 (1) If you do not make any purchase payments for 24 months, and your previous payments total $600 or less, we have the right to give you 30 days' written notice and pay you the total value of your contract in a lump sum. This right does not apply to contracts in New Jersey. MAXIMUM ALLOWABLE ANNUAL PURCHASE PAYMENTS(2) $100,000 for ages through 85 $50,000 for ages 86 to 90 (2) These limits to annual contributions apply in total to all RiverSource Life annuities you own. We reserve the right to increase maximum annual limits. For qualified annuities the tax-deferred retirement plan's or the Code's limits on annual contributions also apply. We will consider your contract void from the start if we do not receive your initial purchase payment within 180 days of the application signed date. Except for TSAs, purchase payments are limited and may not be made after the third contract anniversary in Massachusetts, Washington and Oregon. We reserve the right to not accept purchase payments allocated to the fixed account for twelve months following either: 1. a partial surrender from the fixed account; or 2. a lump sum transfer from the fixed account to a subaccount. HOW TO MAKE PURCHASE PAYMENTS 1BY LETTER Send your check along with your name and contract number to: RIVERSOURCE LIFE INSURANCE COMPANY 70200 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS, MN 55474 2 BY SCHEDULED PAYMENT PLAN We can help you set up: - an automatic payroll deduction, salary reduction or other group billing arrangement; or 24 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS - a bank authorization. PURCHASE PAYMENT CREDITS We add a credit to your contract in the amount of: - 1% of each purchase payment received: - if you elect the ten-year surrender charge schedule* for your contract; OR - if you elect the seven-year surrender charge schedule for your contract AND your initial purchase payment to the contract is at least $100,000. - 2% of each purchase payment received if you elect the ten-year surrender charge schedule* for your contract and your initial purchase payment to the contract is at least $100,000. We fund the credit from our general account. We do not consider credits to be "investments" for income tax purposes. (See "Taxes.") We allocate each credit to your contract value when the applicable purchase payment is applied to your contract value. We allocate such credits to your contract value according to allocation instructions in effect for your purchase payments. We will reverse credits from the contract value for any purchase payment that is not honored. The amount returned to you under the free look provision also will not include any credits applied to your contract. (See "The Contract in Brief -- Free look period.") * The ten-year surrender charge is not available in Oregon. Contracts purchased in Oregon are only eligible for a 1% purchase payment credit if the initial purchase payment is at least $100,000. To the extent a death benefit or surrender payment includes purchase payment credits applied within twelve months preceding: (1) the date of death that results in a lump sum death benefit under this contract; or (2) a request for surrender charge waiver due to Nursing Home Confinement, we will assess a charge, similar to a surrender charge, equal to the amount of the purchase payment credits**. Surrender charges under the contract may be higher than those for contracts that do not have purchase payment credits. The amount of the credits may be more than offset by the additional charges associated them. Because of higher charges, there could be circumstances where you may be worse off purchasing this contract with the credits than purchasing other contracts. All things being equal (such as fund performance and availability), this may occur if you select the ten-year surrender charge and you make a full withdrawal in years five through ten. We pay for the credits primarily through revenue from a higher and longer withdrawal charge schedule and through lower costs associated with larger sized contracts, including lower compensation paid on the sales of these contracts. We reserve the right to increase the amount of the credit for certain groups of contract owners. The increase will not be greater than 8% of total net purchase payments. We would pay for increases in credit amounts primarily through reduced expenses expected from such groups. ** For contracts purchased in Oregon, we will not assess a charge equal to the amount of the purchase payment credits upon payment of a death benefit or surrender. LIMITATIONS ON USE OF CONTRACT If mandated by applicable law, including but not limited to, federal anti-money laundering laws, we may be required to reject a purchase payment. We may also be required to block an owner's access to contract values and satisfy other statutory obligations. Under these circumstances, we may refuse to implement requests for transfers, surrenders or death benefits until instructions are received from the appropriate governmental authority or court of competent jurisdiction. CHARGES CONTRACT ADMINISTRATIVE CHARGE We charge this fee for establishing and maintaining your records. We deduct $30 from the contract value on your contract anniversary at the end of each contract year. Subject to state regulatory requirements, we prorate this charge among the subaccounts and the fixed account in the same proportion your interest in each account bears to your total contract value. We will waive this charge when your contract value, or total purchase payments less any payments surrendered, is $50,000 or more on the current contract anniversary. If you surrender your contract, we will deduct the charge at the time of surrender regardless of the contract value or purchase payments made. We cannot increase the annual contract administrative charge and it does not apply after annuity payouts begin or when we pay death benefits. MORTALITY AND EXPENSE RISK FEE We charge this fee daily to the subaccounts. The unit values of your subaccounts reflect this fee. For nonqualified annuities the fee totals 0.95% of the average daily net assets on an annual basis. For qualified annuities the fee totals 0.75% of the RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 25 average daily net assets on an annual basis. This fee covers the mortality and expense risk that we assume. This fee does not apply to the fixed account. Mortality risk arises because of our guarantee to pay a death benefit and our guarantee to make annuity payouts according to the terms of the contract, no matter how long a specific owner or annuitant lives and no matter how long our entire group of owners or annuitants live. If, as a group, owners or annuitants outlive the life expectancy we assumed in our actuarial tables, we must take money from our general assets to meet our obligations. If, as a group, owners or annuitants do not live as long as expected, we could profit from the mortality risk fee. We deduct the mortality risk fee from the subaccounts during the annuity payout period even if the annuity payout plan does not involve a life contingency. Expense risk arises because we cannot increase the contract administrative charge and this charge may not cover our expenses. We would have to make up any deficit from our general assets. We could profit from the expense risk fee if future expenses are less than expected. The subaccounts pay us the mortality and expense risk fee they accrued as follows: - first, to the extent possible, the subaccounts pay this fee from any dividends distributed from the funds in which they invest; - then, if necessary, the funds redeem shares to cover any remaining fees payable. We may use any profits we realize from the subaccounts' payment to us of the mortality and expense risk fee for any proper corporate purpose, including, among others, payment of distribution (selling) expenses. We do not expect that the surrender charge, discussed in the following paragraphs, will cover sales and distribution expenses. MAV RIDER FEE We charge a fee for the optional feature only if you select it(1). If selected, we deduct an annual fee of 0.15% of your contract value on your contract anniversary at the end of each contract year. We prorate this fee among the subaccounts and fixed accounts in the same proportion your interest in each account bears to your total contract value. If the contract terminates for any reason except death or at the settlement date, we will deduct this fee, adjusted for the number of calendar days coverage was in place. If you choose to drop this rider on an anniversary (subject to the restrictions given in "Optional Benefits"), we will deduct this fee on that anniversary. We cannot increase this annual fee after the rider effective date and it does not apply after annuity payouts begin or when we pay death benefits. EEB RIDER FEE We charge a fee for the optional feature only if you select it(1). If selected, we deduct an annual fee of 0.30% of your contract value on your contract anniversary at the end of each contract year. We prorate this fee among the subaccounts and fixed accounts in the same proportion your interest in each account bears to your total contract value. If the contract terminates for any reason except death or at the settlement date, we will deduct this fee, adjusted for the number of calendar days coverage was in place. If you chose to drop this rider on an anniversary (subject to the restrictions given in "Optional Benefits"), we will deduct this fee on that anniversary. We cannot increase this annual fee after the rider effective date and it does not apply after annuity payouts begin or when we pay death benefits. (1) You may select either the MAV or EEB riders. Or you may select the MAV and the EEB. Riders may not be available in all states. The MAV and EEB are only available if you and the annuitant are 75 or younger at the rider effective date. PN RIDER FEE Before May 10, 2010, we deducted an annual charge of 0.10% of your contract value less any excluded accounts on your contract anniversary at the end of each contract year. This fee is no longer applicable beginning May 10, 2010. SURRENDER CHARGE If you surrender all or part of your contract, you may be subject to a surrender charge. A surrender charge applies if all or part of the surrender amount is from purchase payments we received within seven or ten years before surrender. You select the surrender charge period at the time of your application for the contract. The surrender charge percentages that apply to you are shown in your contract. You may surrender an amount during any contract year without a surrender charge. We call this amount the Total Free Amount (TFA). The TFA is defined as the greater of: - 10% of the contract value on the prior contract anniversary; or - current contract earnings. NOTE: We determine current contract earnings by looking at the entire contract value, not the earnings of any particular subaccount, or the fixed account. Amounts surrendered in excess of the TFA may be subject to a surrender charge as described below. 26 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 1. First, we surrender the TFA. We do not assess a surrender charge on the TFA. 2. Next we surrender purchase payments received prior to the surrender charge period you selected and shown in your contract. We do not assess a surrender charge on these purchase payments. 3. Finally, if necessary, we surrender purchase payments received that are still within the surrender charge period you selected and shown in your contract. We surrender these payments on a first-in, first-out (FIFO) basis. We do assess a surrender charge on these payments. We determine your surrender charge by multiplying each of your payments surrendered by the applicable surrender charge percentage, and then adding the total surrender charges. The surrender charge percentage depends on the number of years since you made the payments that are surrendered, depending on the schedule you selected*:
SEVEN-YEAR SCHEDULE TEN-YEAR SCHEDULE* NUMBER OF COMPLETED YEARS FROM SURRENDER CHARGE NUMBER OF COMPLETED YEARS FROM SURRENDER CHARGE DATE OF EACH PURCHASE PAYMENT PERCENTAGE DATE OF EACH PURCHASE PAYMENT PERCENTAGE 0 7% 0 8% 1 7 1 8 2 7 2 8 3 6 3 7 4 5 4 7 5 4 5 6 6 2 6 5 7 0 7 4 8 3 9 2 10 0
* The ten-year surrender charge schedule is not available in Oregon. For contracts issued in Massachusetts, Oregon and Washington, surrender charges are waived after the tenth contract anniversary for all payments regardless of when payments are made. PARTIAL SURRENDERS For a partial surrender that is subject to a surrender charge, the amount we actually deduct from your contract value will be the amount you request plus any applicable surrender charge. The surrender charge percentage is applied to this total amount. We pay you the amount you requested. EXAMPLE: Assume you requested a surrender of $1,000 and there is a surrender charge of 7%. The total amount we actually deduct from your contract is $1,075.27. We determine this amount as follows: $1,000 AMOUNT REQUESTED------- OR ------ = $1,075.27 1.00 - SURRENDER CHARGE .93
By applying the 7% surrender charge to $1,075.27, the surrender charge is $75.27. We pay you the $1,000 you requested. If you make a full surrender of your contract, we also will deduct the applicable contract administrative charge. SURRENDER CHARGE UNDER ANNUITY PAYOUT PLAN E -- PAYOUTS FOR A SPECIFIED PERIOD: Under this annuity payout plan, you can choose to take a surrender. The amount that you can surrender is the present value of any remaining variable payouts. The surrender charge equals the present value of the remaining payouts using the assumed investment rate minus the present value of the remaining payouts using the discount rate.
ASSUMED INVESTMENT RATE 3.50% 5.00% Qualified annuity discount rate 4.72% 6.22% Nonqualified annuity discount rate 4.92% 6.42%
SURRENDER CHARGE CALCULATION EXAMPLE The following is an example of the calculation we would make to determine the surrender charge on a contract that contains a seven-year surrender charge schedule with this history: - We received these payments: RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 27 - $10,000 paid on the contract date; - $8,000 paid during the sixth contract year; - $6,000 paid during the eighth contract year; and - The owner surrenders the contract for its total contract value of $26,500 during the tenth contract year and had not made any other surrenders during that contract year; and - The contract value was $28,000 on the ninth contract anniversary.
SURRENDER CHARGE EXPLANATION $ 0 $2,500 is contract earnings surrendered without charge; and 0 $300 is 10% of the prior anniversary's contract value that is in excess of contract earnings surrendered without charge (from above). 10% of $28,000 = $2,800 - $2,500 = $300 0 $10,000 purchase payment was received eight or more years before surrender and is surrendered without surrender charge; and 480 $8,000 purchase payment is surrendered with a 6% surrender charge since there have been 3 completed years from date of purchase payment; and 420 $6,000 purchase payment is surrendered with a 7% surrender charge since there has been 1 completed year from date of purchase payment. ---- $900
WAIVER OF SURRENDER CHARGES We do not assess surrender charges for: - surrenders of any contract earnings; - surrenders of amounts totaling up to 10% of the contract value on the prior contract anniversary to the extent it exceeds contract earnings; - amounts surrendered after the tenth contract anniversary in Massachusetts, Washington and Oregon regardless of when payments are made. - to the extent that they exceed the greater of contract earnings or 10% of the contract value on the prior contract anniversary, required minimum distributions from a qualified annuity. The amount on which surrender charges are waived can be no greater than the RMD amount calculated under your specific contract currently in force; - contracts settled using an annuity payout plan, unless an Annuity Payout Plan E is later surrendered; - amounts we refund to you during the free look period*; - death benefits*; and - surrenders you make under your contract's "Waiver of Surrender Charges for Nursing Home Confinement" provision*. To the extent permitted by state law, this provision applies when you are under age 76 at contract issue. Under this provision, we will waive surrender charges that we normally assess upon full or partial surrender if you provide proof satisfactory to us that, as of the date you request the surrender, you or the annuitant are confined to a nursing home and have been for the prior 90 days and the confinement began after the contract date. (See your contract for additional conditions and restrictions on this waiver.) * However, we will reverse certain purchase payment credits. (See "Buying your contract -- Purchase payment credits.") OTHER INFORMATION ON CHARGES: Ameriprise Financial, Inc. makes certain custodial services available to some profit sharing, money purchase and target benefit plans funded by our annuities. Fees for these services start at $30 per calendar year per participant. Ameriprise Financial, Inc. will charge a termination fee for owners under age 59 1/2 (fee waived in case of death or disability). POSSIBLE GROUP REDUCTIONS: In some cases we may incur lower sales and administrative expenses due to the size of the group, the average contribution and the use of group enrollment procedures. In such cases, we may be able to reduce or eliminate the contract administrative and surrender charges. However, we expect this to occur infrequently. FUND FEES AND EXPENSES There are deductions from and expenses paid out of the assets of the funds that are described in the prospectus for those funds. (See "Annual Operating Expenses of the Funds.") PREMIUM TAXES Certain state and local governments impose premium taxes on us (up to 3.5%). These taxes depend upon your state of residence or the state in which the contract was sold. Currently, we deduct any applicable premium tax when annuity payouts begin, but we reserve the right to deduct this tax at other times such as when you surrender your contract. 28 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS VALUING YOUR INVESTMENT We value your accounts as follows: FIXED ACCOUNT We value the amounts allocated to the fixed account directly in dollars. The fixed account value equals: - the sum of your purchase payments and purchase payment credits and transfer amounts allocated to the fixed account; - plus interest credited; - minus the sum of amounts surrendered (including any applicable surrender charges) and amounts transferred out, - minus any prorated portion of the contract administrative charge; - minus any prorated portion of the MAV rider fee (if selected); and - minus any prorated portion of the EEB rider fee (if selected). SUBACCOUNTS We convert amounts you allocated to the subaccounts into accumulation units. Each time you make a purchase payment or transfer amounts into one of the subaccounts or we apply any purchase payments credits to a subaccount, we credit a certain number of accumulation units to your contract for that subaccount. Conversely, we subtract a certain number of accumulation units from your contract each time you take a partial surrender, transfer amounts out of a subaccount or we assess a contract administrative charge, surrender charge or fee for any optional riders with annual charges (if applicable). The accumulation units are the true measure of investment value in each subaccount during the accumulation period. They are related to, but not the same as, the net asset value of the fund in which the subaccount invests. The dollar value of each accumulation unit can rise or fall daily depending on the variable account expenses, performance of the fund and on certain fund expenses. Here is how we calculate accumulation unit values: NUMBER OF UNITS: to calculate the number of accumulation units for a particular subaccount we divide your investment by the current accumulation unit value. ACCUMULATION UNIT VALUE: the current accumulation unit value for each subaccount equals the last value times the subaccount's current net investment factor. WE DETERMINE THE NET INVESTMENT FACTOR BY: - adding the fund's current net asset value per share, plus the per share amount of any accrued income or capital gain dividends to obtain a current adjusted net asset value per share; then - dividing that sum by the previous adjusted net asset value per share; and - subtracting the percentage factor representing the mortality and expense risk fee from the result. Because the net asset value of the fund may fluctuate, the accumulation unit value may increase or decrease. You bear all the investment risk in a subaccount. FACTORS THAT AFFECT SUBACCOUNT ACCUMULATION UNITS: accumulation units may change in two ways -- in number and in value. The number of accumulation units you own may fluctuate due to: - additional purchase payments you allocate to the subaccounts; - any purchase payment credits allocated to the subaccounts; - transfers into or out of the subaccounts; - partial surrenders; - surrender charges; and a deduction of: - a prorated portion of the contract administrative charge; - a prorated portion of the MAV rider charge (if selected); and/or - a prorated portion of the EEB rider charge (if selected). Accumulation unit values will fluctuate due to: - changes in fund net asset value; - fund dividends distributed to the subaccounts; - fund capital gains or losses; - fund operating expenses; and/or - mortality and expense risk fees. RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 29 MAKING THE MOST OF YOUR CONTRACT AUTOMATED DOLLAR-COST AVERAGING Currently, you can use automated transfers to take advantage of dollar-cost averaging (investing a fixed amount at regular intervals). For example, you might transfer a set amount monthly from a relatively conservative subaccount to a more aggressive one, or to several others, or from the fixed account to one or more subaccounts. There is no charge for dollar-cost averaging. This systematic approach can help you benefit from fluctuations in accumulation unit values caused by fluctuations in the market values of the funds. Since you invest the same amount each period, you automatically acquire more units when the market value falls and fewer units when it rises. You may not set up an automated transfer if the PN program is selected. The potential effect is to lower your average cost per unit. HOW DOLLAR-COST AVERAGING WORKS
By investing an equal number of NUMBER dollars each AMOUNT ACCUMULATION OF UNITS month ... MONTH INVESTED UNIT VALUE PURCHASED Jan $100 $20 5.00 Feb 100 18 5.56 you automatically buy (ARROW) Mar 100 17 5.88 more units when the Apr 100 15 6.67 per unit market price is low .... May 100 16 6.25 Jun 100 18 5.56 Jul 100 17 5.88 and fewer units (ARROW) Aug 100 19 5.26 when the per unit Sept 100 21 4.76 market price is high ... Oct 100 20 5.00
You paid an average price of $17.91 per unit over the 10 months, while the average market price actually was $18.10. Dollar-cost averaging does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. Because dollar-cost averaging involves continuous investing, your success will depend upon your willingness to continue to invest regularly through periods of low price levels. Dollar-cost averaging can be an effective way to help meet your long-term goals. For specific features contact your financial advisor. ASSET REBALANCING You can ask us in writing to have the variable subaccount portion of your contract value allocated according to the percentages (in tenth of a percent amounts ) that you choose. We automatically will rebalance the variable subaccount portion of your contract value either quarterly, semiannually, or annually. The period you select will start to run on the date we record your request. On the first valuation date of each of these periods, we automatically will rebalance your contract value so that the value in each subaccount matches your current subaccount percentage allocations. These percentage allocations must be in numbers no more than one digit past the decimal. Asset rebalancing does not apply to the fixed account. There is no charge for asset rebalancing. The contract value must be at least $2,000. You can change your percentage allocations or your rebalancing period at any time by contacting us in writing. We will restart the rebalancing period you selected as of the date we record your change. You also can ask us in writing or by any other method acceptable to us, to stop rebalancing your contract value. You must allow 30 days for us to change any instructions that currently are in place. For more information on asset rebalancing, contact your financial advisor. Different rules apply to asset rebalancing under the Portfolio Navigator Program, (See "Portfolio Navigator Program" below). PORTFOLIO NAVIGATOR PROGRAM (PN PROGRAM) If you are participating in the PN program, your contract value is allocated to a PN program investment option. The PN program investment options are currently five funds of funds, each of which invests in underlying funds in proportions that vary among the funds of funds in light of each fund of funds' investment objective ("Portfolio Navigator funds"). You do not need to participate in the PN program to allocate your contract value to one or more of the Portfolio Navigator funds available under the PN program. You may choose to discontinue your participation in the PN program at any time. The PN program also allows those who participated in a previous version of the PN program and who previously opted out of the transfer of their contract value to Portfolio Navigator funds to remain invested in accordance with a "static" PN program 30 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS model portfolio investment option that is not subject to updating or reallocation. For more information on the static model portfolios, see "The static model portfolios" below. You should review any PN program information, including the prospectus for the funds of funds, carefully. Your financial advisor can provide you with additional information and can answer questions you may have on the PN program. THE PORTFOLIO NAVIGATOR FUNDS. Each of the Portfolio Navigator funds is a fund of funds with the investment objective of seeking a high level of total return consistent with a certain level of risk by investing in various underlying funds. The funds of funds have objectives ranging from Conservative to Aggressive, and are managed within asset class allocation targets and with a broad multi-manager approach. Columbia Management Investment Advisers is the investment adviser of each of the funds of funds, and Columbia Management Investment Advisers or an affiliate is the investment adviser of each of the underlying funds in which the funds of funds invest. Morningstar Associates, LLC serves as an independent consultant to Columbia Management Investment Advisers to provide recommendations regarding portfolio construction and ongoing analysis of the funds of funds. Neither Columbia Management Investment Advisers nor Morningstar Associates, LLC serves as your investment adviser as to the allocation of your contract value under the PN program (regardless of whether you have selected a PN program investment option or have chosen to remain in a static model portfolio). Some of the underlying funds are managed on a day-to- day basis directly by Columbia Management Investment Advisers and some are managed by one or more affiliated or unaffiliated sub-advisers, subject to the oversight of Columbia Management Investment Advisers and the fund's board of trustees. Below are the target asset allocation weights (between equity and fixed income/cash underlying funds) for each of the funds of funds: 1. Variable Portfolio - Aggressive Portfolio: 80% Equity / 20% Fixed Income 2. Variable Portfolio - Moderately Aggressive Portfolio: 65% Equity / 35% Fixed Income 3. Variable Portfolio - Moderate Portfolio: 50% Equity / 50% Fixed Income 4. Variable Portfolio - Moderately Conservative Portfolio: 35% Equity / 65% Fixed Income 5. Variable Portfolio - Conservative Portfolio: 20% Equity / 80% Fixed Income FUND OF FUNDS CONFLICTS OF INTEREST. In providing investment advisory services for the funds of funds and the underlying funds in which the funds of funds invest, Columbia Management Investment Advisers is, together with its affiliates, including us, subject to competing interests that may influence its decisions. These competing interests typically arise because Columbia Management Investment Advisers or one of its affiliates serves as the investment adviser to the underlying funds and may provide other services in connection with such underlying funds, and because the compensation we and our affiliates receive for providing these investment advisory and other services varies depending on the underlying fund. For additional information about the conflicts of interest to which Columbia Management Investment Advisers and its affiliates are subject, see the funds of funds prospectus. THE STATIC MODEL PORTFOLIOS. If you have chosen to remain invested in a "static" PN program model portfolio investment option, your assets will remain invested in accordance with your current model portfolio, and you will not be provided with any updates to the model portfolio or reallocation recommendations. (The last such reallocation recommendation was provided in 2009.) Each model portfolio consists of underlying funds according to the allocation percentages stated for the model portfolio. If you are participating in the PN program through a model portfolio, you instruct us to automatically rebalance your contract value quarterly in order to maintain alignment with these allocation percentages. If you choose to remain in a static model portfolio, the investments and investment styles and policies of the underlying funds in which your contract value is invested may change. Accordingly, your model portfolio may change so that it is no longer appropriate for your needs, even though your allocations to underlying funds do not change. Furthermore, the absence of periodic updating means that existing underlying funds will not be replaced as may be appropriate due to poor performance, changes in management personnel, or other factors. Although the model portfolios are no longer maintained on an ongoing basis, the asset allocations in the model portfolios may have been affected by conflicts of interest similar to those to which the funds of funds are subject. Certain of the underlying funds in the model portfolios are managed by Columbia Management Investment Advisers or an affiliate while others are not, and we or our affiliate had an incentive to specify greater allocation percentages for the affiliated underlying funds. PARTICIPATING IN THE PN PROGRAM. You are responsible for determining which investment option is best for you. Your financial advisor can help you make this determination. In addition, your financial advisor may provide you with an investor questionnaire, a tool to help define your investing style that is based on factors such as your investment goals, your tolerance for risk and how long you intend to invest. Your responses to the investor questionnaire can help you determine which model portfolio or investment option most closely matches your investing style. While the scoring of the investor questionnaire is objective, there is no guarantee that your responses to the investor questionnaire accurately reflect your tolerance for risk. RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 31 Similarly, there is no guarantee that the investment option (or the asset mix reflected in the model portfolio, if applicable) you select or have selected after completing the investor questionnaire is appropriate to your ability to withstand investment risk. RiverSource Life is not responsible for your decision to participate in the PN program, your selection of a specific investment option or model portfolio, if applicable, or your decision to change to a different investment option. Currently, there are five Portfolio Navigator funds (and under the previous PN program five static model portfolio investment options) ranging from conservative to aggressive. You may not use more than one investment option or model portfolio at a time. Each investment option is a fund of funds. Each model portfolio consists of subaccounts and/or the regular fixed account (if included) according to the allocation percentages stated for the model portfolio. If you are participating in the PN program in a model portfolio, you also instruct us to automatically rebalance your contract value quarterly in order to maintain alignment with these allocation percentages. You may request a change to your fund of funds (or a transfer from your model portfolio to a fund of funds) up to twice per contract year by written request on an authorized form or by another method agreed to by us. We reserve the right to change the terms and conditions of the PN program upon written notice to you. This includes but is not limited to the right to: - limit your choice of investment options based on the amount of your initial purchase payment we accept or your contract value when you take a surrender; - substitute a fund of funds for your model portfolio, if applicable, if permitted under applicable securities law; and - discontinue the PN program after 30 days' written notice. RISKS. Asset allocation does not guarantee that your contract will increase in value nor will it protect against a decline in value if market prices fall. By investing in a fund of funds, you may be able to reduce the volatility in your contract value, but there is no guarantee that this will happen. For additional information about the risks of investing in a fund of funds, see the prospectus for funds of funds. TRANSFERRING AMONG ACCOUNTS The transfer rights discussed in this section do not apply while the PN program is in effect. You may transfer contract value from any one subaccount, or the fixed account, to another subaccount before annuity payouts begin. Certain restrictions apply to transfers involving the fixed account. When your request to transfer will be processed depends on when we receive it: - If we receive your transfer request at our corporate office in good order before the close of business, we will process your transfer using the accumulation unit value we calculate on the valuation date we received your transfer request. - If we receive your transfer request at our corporate office in good order at or after the close of business, we will process your transfer using the accumulation unit value we calculate on the next valuation date after we received your transfer request. There is no charge for transfers. Before making a transfer, you should consider the risks involved in changing investments. Subject to state regulatory requirements, we may suspend or modify transfer privileges at any time. For information on transfers after annuity payouts begin, see "Transfer policies" below. TRANSFER POLICIES - Before annuity payouts begin, you may transfer contract values between the subaccounts. You may also transfer contract values from the subaccounts to the fixed account. However, if you made a transfer from the fixed account to the subaccounts, you may not make a transfer from any subaccount back to the fixed account until the next contract anniversary. - You may transfer contract values from the fixed account to the subaccounts once a year during a 31-day transfer period starting on each contract anniversary (except for automated transfers, which can be set up at any time for certain transfer periods subject to certain minimums). - If we receive your request within 30 days before the contract anniversary date, the transfer from the fixed account to the subaccounts will be effective on the anniversary. - If we receive your request on or within 30 days after the contract anniversary date, the transfer from the fixed account to the subaccounts will be effective on the valuation date we receive it. - We will not accept requests for transfers from the fixed account at any other time. - Once annuity payouts begin, you may not make transfers to or from the fixed account, but you may make transfers once per contract year among the subaccounts. During the annuity payout period, you cannot invest in more than five subaccounts at any one time unless we agree otherwise. 32 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS MARKET TIMING Market timing can reduce the value of your investment in the contract. If market timing causes the returns of an underlying fund to suffer, contract value you have allocated to a subaccount that invests in that underlying fund will be lower too. Market timing can cause you, any joint owner of the contract and your beneficiary(ies) under the contract a financial loss. WE SEEK TO PREVENT MARKET TIMING. MARKET TIMING IS FREQUENT OR SHORT-TERM TRADING ACTIVITY. WE DO NOT ACCOMMODATE SHORT-TERM TRADING ACTIVITIES. DO NOT INVEST IN THIS CONTRACT IF YOU WISH TO USE SHORT-TERM TRADING STRATEGIES TO MANAGE YOUR INVESTMENT. THE MARKET TIMING POLICIES AND PROCEDURES DESCRIBED BELOW APPLY TO TRANSFERS AMONG THE SUBACCOUNTS WITHIN THE CONTRACT. THE UNDERLYING FUNDS IN WHICH THE SUBACCOUNTS INVEST HAVE THEIR OWN MARKET TIMING POLICIES AND PROCEDURES. THE MARKET TIMING POLICIES OF THE UNDERLYING FUNDS MAY BE MORE RESTRICTIVE THAN THE MARKET TIMING POLICIES AND PROCEDURES WE APPLY TO TRANSFERS AMONG THE SUBACCOUNTS OF THE CONTRACT, AND MAY INCLUDE REDEMPTION FEES. WE RESERVE THE RIGHT TO MODIFY OUR MARKET TIMING POLICIES AND PROCEDURES AT ANY TIME WITHOUT PRIOR NOTICE TO YOU Market timing may hurt the performance of an underlying fund in which a subaccount invests in several ways, including but not necessarily limited to: - diluting the value of an investment in an underlying fund in which a subaccount invests; - increasing the transaction costs and expenses of an underlying fund in which a subaccount invests; and, - preventing the investment adviser(s) of an underlying fund in which a subaccount invests from fully investing the assets of the fund in accordance with the fund's investment objectives. Funds available as investment options under the contract that invest in securities that trade in overseas securities markets may be at greater risk of loss from market timing, as market timers may seek to take advantage of changes in the values of securities between the close of overseas markets and the close of U.S. markets. Also, the risks of market timing may be greater for underlying funds that invest in securities such as small cap stocks, high yield bonds, or municipal securities, that may be traded infrequently. IN ORDER TO HELP PROTECT YOU AND THE UNDERLYING FUNDS FROM THE POTENTIALLY HARMFUL EFFECTS OF MARKET TIMING ACTIVITY, WE APPLY THE FOLLOWING MARKET TIMING POLICY TO DISCOURAGE FREQUENT TRANSFERS OF CONTRACT VALUE AMONG THE SUBACCOUNTS OF THE VARIABLE ACCOUNT: We try to distinguish market timing from transfers that we believe are not harmful, such as periodic rebalancing for purposes of an asset allocation, dollar-cost averaging and asset rebalancing program that may be described in this prospectus. There is no set number of transfers that constitutes market timing. Even one transfer in related accounts may be market timing. We seek to restrict the transfer privileges of a contract owner who makes more than three subaccount transfers in any 90 day period. We also reserve the right to refuse any transfer requests, if, in our sole judgment, the dollar amount of the transfer request would adversely affect unit values. If we determine, in our sole judgment, that your transfer activity constitutes market timing, we may modify, restrict or suspend your transfer privileges to the extent permitted by applicable law, which may vary based on the state law that applies to your contract and the terms of your contract. These restrictions or modifications may include, but not be limited to: - requiring transfer requests to be submitted only by first-class U.S. mail; - not accepting hand-delivered transfer requests or requests made by overnight mail; - not accepting telephone or electronic transfer requests; - requiring a minimum time period between each transfer; - not accepting transfer requests of an agent acting under power of attorney; - limiting the dollar amount that you may transfer at any one time; - suspending the transfer privilege; or - modifying instructions under an automated transfer program to exclude a restricted fund if you do not provide new instructions. Subject to applicable state law and the terms of each contract, we will apply the policy described above to all contract owners uniformly in all cases. We will notify you in writing after we impose any modification, restriction or suspension of your transfer rights. We cannot guarantee that we will be able to identify and restrict all market timing activity. Because we exercise discretion in applying the restrictions described above, we cannot guarantee that we will be able to restrict all market timing activity. In addition, state law and the terms of some contracts may prevent us from stopping certain market timing activity. Market timing activity that we are unable to identify and/or restrict may impact the performance of the underlying funds and may result in lower contract values. RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 33 IN ADDITION TO THE MARKET TIMING POLICY DESCRIBED ABOVE, WHICH APPLIES TO TRANSFERS AMONG THE SUBACCOUNTS WITHIN YOUR CONTRACT, YOU SHOULD CAREFULLY REVIEW THE MARKET TIMING POLICIES AND PROCEDURES OF THE UNDERLYING FUNDS. THE MARKET TIMING POLICIES AND PROCEDURES OF THE UNDERLYING FUNDS MAY BE MATERIALLY DIFFERENT THAN THOSE WE IMPOSE ON TRANSFERS AMONG THE SUBACCOUNTS WITHIN YOUR CONTRACT AND MAY INCLUDE MANDATORY REDEMPTION FEES AS WELL AS OTHER MEASURES TO DISCOURAGE FREQUENT TRANSFERS. AS AN INTERMEDIARY FOR THE UNDERLYING FUNDS, WE ARE REQUIRED TO ASSIST THEM IN APPLYING THEIR MARKET TIMING POLICIES AND PROCEDURES TO TRANSACTIONS INVOLVING THE PURCHASE AND EXCHANGE OF FUND SHARES. THIS ASSISTANCE MAY INCLUDE BUT NOT BE LIMITED TO PROVIDING THE UNDERLYING FUND UPON REQUEST WITH YOUR SOCIAL SECURITY NUMBER, TAXPAYER IDENTIFICATION NUMBER OR OTHER UNITED STATES GOVERNMENT-ISSUED IDENTIFIER AND THE DETAILS OF YOUR CONTRACT TRANSACTIONS INVOLVING THE UNDERLYING FUND. AN UNDERLYING FUND, IN ITS SOLE DISCRETION, MAY INSTRUCT US AT ANY TIME TO PROHIBIT YOU FROM MAKING FURTHER TRANSFERS OF CONTRACT VALUE TO OR FROM THE UNDERLYING FUND, AND WE MUST FOLLOW THIS INSTRUCTION. WE RESERVE THE RIGHT TO ADMINISTER AND COLLECT ON BEHALF OF AN UNDERLYING FUND ANY REDEMPTION FEE IMPOSED BY AN UNDERLYING FUND. MARKET TIMING POLICIES AND PROCEDURES ADOPTED BY UNDERLYING FUNDS MAY AFFECT YOUR INVESTMENT IN THE CONTRACT IN SEVERAL WAYS, INCLUDING BUT NOT LIMITED TO: - Each fund may restrict or refuse trading activity that the fund determines, in its sole discretion, represents market timing. - Even if we determine that your transfer activity does not constitute market timing under the market timing policies described above which we apply to transfers you make under the contract, it is possible that the underlying fund's market timing policies and procedures, including instructions we receive from a fund, may require us to reject your transfer request. For example, while we disregard transfers permitted under any asset allocation, dollar-cost averaging and asset rebalancing programs that may be described in this prospectus, we cannot guarantee that an underlying fund's market timing policies and procedures will do so. Orders we place to purchase fund shares for the variable account are subject to acceptance by the fund. We reserve the right to reject without prior notice to you any transfer request if the fund does not accept our order. - Each underlying fund is responsible for its own market timing policies, and we cannot guarantee that we will be able to implement specific market timing policies and procedures that a fund has adopted. As a result, a fund's returns might be adversely affected, and a fund might terminate our right to offer its shares through the variable account. - Funds that are available as investment options under the contract may also be offered to other intermediaries who are eligible to purchase and hold shares of the fund, including without limitation, separate accounts of other insurance companies and certain retirement plans. Even if we are able to implement a fund's market timing policies, we cannot guarantee that other intermediaries purchasing that same fund's shares will do so, and the returns of that fund could be adversely affected as a result. FOR MORE INFORMATION ABOUT THE MARKET TIMING POLICIES AND PROCEDURES OF AN UNDERLYING FUND, THE RISKS THAT MARKET TIMING POSE TO THAT FUND, AND TO DETERMINE WHETHER AN UNDERLYING FUND HAS ADOPTED A REDEMPTION FEE, SEE THAT FUND'S PROSPECTUS. 34 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS HOW TO REQUEST A TRANSFER OR SURRENDER 1BY LETTER Send your name, contract number, Social Security Number or Taxpayer Identification Number* and signed request for a transfer or surrender to: RIVERSOURCE LIFE INSURANCE COMPANY 70100 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS, MN 55474 MINIMUM AMOUNT Transfers or surrenders: $250 or entire account balance MAXIMUM AMOUNT Transfers or surrenders: Contract value or entire account balance * Failure to provide your Social Security Number or Taxpayer Identification Number may result in mandatory tax withholding on the taxable portion of the distribution. 2 BY AUTOMATED TRANSFERS AND AUTOMATED PARTIAL SURRENDERS Your financial advisor can help you set up automated transfers among your subaccounts or fixed account or partial surrenders from the accounts. You can start or stop this service by written request or other method acceptable to us. You must allow 30 days for us to change any instructions that are currently in place. - Automated transfers from the fixed account to any one of the subaccounts may not exceed an amount that, if continued, would deplete the fixed account within 12 months. - Automated surrenders may be restricted by applicable law under some contracts. - You may not make additional purchase payments if automated partial surrenders are in effect. - Automated partial surrenders may result in IRS taxes and penalties on all or part of the amount surrendered. - The balance in any account from which you make an automated transfer or automated partial surrender must be sufficient to satisfy your instructions. If not, we will suspend your entire automated arrangement until the balance is adequate. - If we must suspend your automated transfer or automated partial surrender arrangement for six months, we reserve the right to discontinue the arrangement in its entirety. - If the PN program is in effect, you are not allowed to set up automated transfers. MINIMUM AMOUNT Transfers or surrenders: $50 MAXIMUM AMOUNT Transfers or surrenders: None (except for automated transfers from the fixed account) 3 BY TELEPHONE Call: TTY service for the hearing impaired: (800) 285-8846 MINIMUM AMOUNT Transfers or surrenders: $250 or entire account balance MAXIMUM AMOUNT Transfers: Contract value or entire account balance Surrenders: $100,000 We answer telephone requests promptly, but you may experience delays when the call volume is unusually high. If you are unable to get through, use the mail procedure as an alternative. We will honor any telephone transfer or surrender requests that we believe are authentic and we will use reasonable procedures to confirm that they are. This includes asking identifying questions and tape recording calls. We will not allow a telephone surrender within 30 days of a phoned-in address change. As long as we follow the procedures, we (and our affiliates) will not be liable for any loss resulting from fraudulent requests. RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 35 Telephone transfers or surrenders are automatically available. You may request that telephone transfers or surrenders not be authorized from your account by writing to us. SURRENDERS You may surrender all or part of your contract at any time before annuity payouts begin by sending us a written request or calling us. We will process your surrender request on the valuation date we receive it. If we receive your surrender request in good order at our corporate office before the close of business, we will process your surrender using the accumulation unit value we calculate on the valuation date we received your surrender request. If we receive your surrender request at our corporate office at or after the close of business, we will process your surrender using the accumulation unit value we calculate on the next valuation date after we received your surrender request. We may ask you to return the contract. You may have to pay a contract administrative charge, surrender charges, or any applicable optional rider charges (see "Charges"), and IRS taxes and penalties (see "Taxes"). You cannot make surrenders after annuity payouts begin except under Plan E (see "The Annuity Payout Period -- Annuity Payout Plans"). Any partial surrenders you take under the contract will reduce your contract value. As a result, the value of your death benefit or any optional benefits you have elected also will be reduced. In addition, surrenders you are required to take to satisfy the RMDs under the Code may reduce the value of certain death benefits and optional benefits (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). SURRENDER POLICIES If you have a balance in more than one account and you request a partial surrender, we will withdraw money from all your subaccounts and/or the fixed account in the same proportion as your value in each account correlates to your total contract value, unless you request otherwise. The minimum contract value after partial surrender is $600. RECEIVING PAYMENT 1BY REGULAR OR EXPRESS MAIL - payable to you; - mailed to address of record. NOTE: We will charge you a fee if you request express mail delivery. 2 BY WIRE - request that payment be wired to your bank; - bank account must be in the same ownership as your contract; and - pre-authorization required. NOTE: We will charge you a fee if you request that payment be wired to your bank. For instructions, please contact your financial advisor. Normally, we will send the payment within seven days after receiving your request in good order. However, we may postpone the payment if: - the surrender amount includes a purchase payment check that has not cleared; - the NYSE is closed, except for normal holiday and weekend closings; - trading on the NYSE is restricted, according to SEC rules; - an emergency, as defined by SEC rules, makes it impractical to sell securities or value the net assets of the accounts; or - the SEC permits us to delay payment for the protection of security holders. TSA -- SPECIAL PROVISIONS PARTICIPANTS IN TAX-SHELTERED ANNUITIES If the contract is intended to be used in connection with an employer sponsored 403(b) plan, additional rules relating to this contract can be found in the annuity endorsement for tax sheltered 403(b) annuities. Unless we have made special arrangements with your employer, the contract is not intended for use in connection with an employer sponsored 403(b) plan that is subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). In the event that the employer either by affirmative election or inadvertent action causes contributions under a plan that is subject to ERISA to be made to this contract, we will not be responsible for any obligations and requirements under ERISA and the regulations 36 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS thereunder, unless we have a prior written agreement with the employer. You should consult with your employer to determine whether your 403(b) plan is subject to ERISA. In the event we have a written agreement with your employer to administer the plan pursuant to ERISA, special rules apply as set forth in the TSA endorsement. The employer must comply with certain nondiscrimination requirements for certain types of contributions under a TSA contract to be excluded from taxable income. You should consult your employer to determine whether the nondiscrimination rules apply to you. The Code imposes certain restrictions on your right to receive early distributions from a TSA: - Distributions attributable to salary reduction contributions (plus earnings) made after Dec. 31, 1988, or to transfers or rollovers from other contracts, may be made from the TSA only if: - you are at least age 59 1/2; - you are disabled as defined in the Code; - you severed employment with the employer who purchased the contract; - the distribution is because of your death; - the distribution is due to plan termination; or - you are a military reservist. - If you encounter a financial hardship (as provided by the Code), you may be eligible to receive a distribution of all contract values attributable to salary reduction contributions made after Dec. 31, 1988, but not the earnings on them. - Even though a distribution may be permitted under the above rules, it may be subject to IRS taxes and penalties (see "Taxes"). - The above restrictions on distributions do not affect the availability of the amount credited to the contract as of Dec. 31, 1988. The restrictions also do not apply to transfers or exchanges of contract value within the contract, or to another registered variable annuity contract or investment vehicle available through the employer. - If the contract has a loan provision, the right to receive a loan is described in detail in your contract. CHANGING OWNERSHIP You may change ownership of your nonqualified annuity at any time by completing a change of ownership form we approve and sending it to our corporate office. The change will become binding on us when we receive and record it. We will honor any change of ownership request received in good order that we believe is authentic and we will use reasonable procedures to confirm authenticity. If we follow these procedures, we will not take any responsibility for the validity of the change. Please consider carefully whether or not you wish to change ownership of your nonqualified annuity if you have elected the MAV or EEB. The terms of the EEB and the MAV will change due to a change of ownership. If either the new owner or the annuitant is older than age 75, the EEB will terminate. Otherwise, the EEB will effectively "start over". We will treat the EEB as if it is issued on the day the change of ownership is made, using the attained age of the new owner as the "issue age" to determine the benefit levels. The account value on the date of the ownership change will be treated as a "purchase payment" in determining future values of "earnings at death" under the EEB. If either the new owner or the annuitant is older than age 75, the MAV will terminate. If the MAV on the date of ownership change is greater than the account value on the date of the ownership change, we will set the MAV equal to the account value. Otherwise, the MAV value will not change due to a change in ownership. Please see the descriptions of these riders in "Optional Benefits." The rider charges described in "Charges" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force) for any rider that continues after a change of ownership. We reserve the right to assess charges for the number of days the rider was in force for any rider that is terminated due to a change of ownership. If you have a nonqualified annuity, you may incur income tax liability by transferring, assigning or pledging any part of it. (See "Taxes.") If you have a qualified annuity, you may not sell, assign, transfer, discount or pledge your contract as collateral for a loan, or as security for the performance of an obligation or for any other purpose except as required or permitted by the Code. However, if the owner is a trust or custodian, or an employer acting in a similar capacity, ownership of the contract may be transferred to the annuitant. RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 37 BENEFITS IN CASE OF DEATH -- STANDARD DEATH BENEFIT We will pay the death benefit to your beneficiary upon the earlier of your death or the annuitant's death. If a contract has more than one person as the owner, we will pay benefits upon the first to die of any owner or the annuitant. If you or the annuitant die before annuity payouts begin while this contract is in force, we will pay the beneficiary as follows: If both you and the annuitant are age 80 or younger on the date of death, the beneficiary receives the greatest of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; - purchase payments minus adjusted partial surrenders; or - the contract value as of the most recent sixth contract anniversary, preceding the date of death, plus any purchase payments since that anniversary, minus adjusted partial surrenders since that anniversary. If either you or the annuitant are age 81 or older on the date of death, the beneficiary receives the greater of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or - purchase payments minus adjusted partial surrenders. PS X DB- ADJUSTED PARTIAL SURRENDERS = CV
PS = the amount by which the contract value is reduced as a result of the partial surrender. DB = is the death benefit on the date of (but prior to) the partial surrender. CV = the contract value on the date of (but prior to) the partial surrender. EXAMPLE OF STANDARD DEATH BENEFIT CALCULATION WHEN YOU AND THE ANNUITANT ARE AGE 80 OR YOUNGER: - You purchase the contract with a payment of $20,000. - On the sixth contract anniversary the contract value grows to $30,000. - During the seventh contract year the contract value falls to $28,000 at which point you take a $1,500 partial surrender, leaving a contract value of $26,500. We calculate the death benefit as follows: The contract value on the most recent sixth contract anniversary: $30,000.00 plus purchase payments made since that anniversary: +0.00 minus adjusted partial surrenders taken since that anniversary calculated as: $1,500 x $30,000 $28,000 -1,607.14 ---------- for a death benefit of: $28,392.86
IF YOU DIE BEFORE YOUR SETTLEMENT DATE When paying the beneficiary, we will process the death claim on the valuation date our death claim requirements are fulfilled. We will determine the contract's value using the next accumulation unit value we calculate on that valuation date. We pay interest, if any, at a rate no less than required by law. If requested, we will mail payment to the beneficiary within seven days after our death claim requirements are fulfilled. NONQUALIFIED ANNUITIES If your spouse is sole beneficiary and you die before the settlement date, your spouse may keep the contract as owner with the contract value equal to the death benefit that would otherwise have been paid. To do this your spouse must give us written instructions to continue the contract as owner. If you elected any optional contract features and riders, your spouse and the new annuitant (if applicable) will be subject to all limitations and/or restrictions of those features or riders. We will not waive surrender charges on contracts continued under the spousal continuation provision. If your beneficiary is not your spouse, we will pay the beneficiary in a lump sum unless you give us other written instructions. Generally, we must fully distribute the death benefit within five years of your death. However, the beneficiary may receive payouts under any annuity payout plan available under this contract if: - the beneficiary asks us in writing within 60 days after the day on which all documents have been received that prove your death has occurred; and - payouts begin no later than one year after your death, or other date as permitted by the IRS; and - the payout period does not extend beyond the beneficiary's life or life expectancy. 38 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS QUALIFIED ANNUITIES - SPOUSE BENEFICIARY: If you have not elected an annuity payout plan, and if your spouse is the sole beneficiary, your spouse may either elect to treat the contract as his/her own, so long as he or she is eligible to do so, with the contract value equal to the death benefit that would otherwise have been paid or elect an annuity payout plan or another plan agreed to by us. If your spouse elects a payout plan, the payouts must begin no later than the year in which you would have reached age 70 1/2. If you attained age 70 1/2 at the time of death, payouts must begin no later than Dec. 31 of the year following the year of your death. If you elected any optional contract features and riders, your spouse and the new annuitant (if applicable) will be subject to all limitations and/or restrictions of those features or riders. We will not waive surrender charges on contracts continued under the spousal continuation provision. - NON-SPOUSE BENEFICIARY: If you have not elected an annuity payout plan, and if death occurs prior to the year you would have attained age 70 1/2, the beneficiary may elect to receive payouts from the contract over a five year period. If your beneficiary does not elect a five year payout, or if your death occurs after attaining age 70 1/2, we will pay the beneficiary in a lump sum unless the beneficiary elects to receive payouts under any annuity payout plan available under this contract if: - the beneficiary asks us in writing within 60 days after the day on which all documents have been received that prove your death has occurred; and - payouts begin no later than one year following the year of your death; and - the payout period does not extend beyond the beneficiary's life or life expectancy. - ANNUITY PAYOUT PLAN: If you elect an annuity payout plan, the payouts to your beneficiary will continue pursuant to the annuity payout plan you elect. Additionally, any optional riders, if selected, will terminate. In the event of your beneficiary's death, their beneficiary can elect to take a lump sum payment or to continue the alternative payment plan following the schedule of minimum withdrawals established based on the life expectancy of your beneficiary. DEATH BENEFIT PAYMENT IN A LUMP SUM: We may pay all or part of the death benefit to your beneficiary in a lump sum under either a nonqualified or qualified annuity. We pay all proceeds by check (unless the beneficiary has chosen to have death benefit proceeds directly deposited into another Ameriprise Financial, Inc. account). If the beneficiary chooses the checking account option, the proceeds will be deposited into an interest bearing checking account issued by Ameriprise Bank, FSB, member FDIC unless the beneficiary fails to meet the requirements of using this option. OPTIONAL BENEFITS The assets held in our general account support the guarantees under your contract, including optional death benefits. To the extent that we are required to pay you amounts in addition to your contract value under these benefits, such amounts will come from our general account assets. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of insurance and financial products as well, and we also pay our obligations under these products from assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. MAXIMUM ANNIVERSARY VALUE DEATH BENEFIT (MAV) The MAV is intended to provide additional death benefit protection in the event of fluctuating fund values. This is an optional benefit that you may select for an additional annual charge (see "Charges"). The MAV does not provide any additional benefit before the first contract anniversary after the rider effective date. The MAV may be of less value if you or the annuitant is older since we stop resetting the maximum anniversary value at age 81. Although we stop resetting the maximum anniversary value at age 81, the MAV rider fee continues to apply until the rider terminates. In addition, the MAV does not provide any additional benefit with respect to fixed account values during the time you have amounts allocated to the fixed account. Be sure to discuss with your financial advisor whether or not the MAV is appropriate for your situation. If both you and the annuitant are age 75 or younger at the rider effective date, you may choose to add the MAV to your contract. Generally, you must elect the MAV at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the MAV may be after we issue the contract. We will determine the rider effective date for the MAV added after we issue the contract according to terms determined by us and at our sole discretion. On the first contract anniversary after the rider effective date, we set the maximum anniversary value equal to the highest of your (a) current contract value, or (b) total purchase payments minus adjusted partial surrenders. Every contract anniversary after that, through age 80, we compare the previous anniversary's maximum anniversary value plus subsequent purchase payments less subsequent adjusted partial surrenders to the current contract value and we reset the maximum anniversary value RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 39 if the current contract value is higher. We stop resetting the maximum anniversary value at age 81. However, we continue to add subsequent purchase payments and subtract adjusted partial surrenders from the maximum anniversary value. If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary the greatest of: - contract value less any purchase payment credits, subject to reversal, less any applicable rider charges; or - purchase payments minus adjusted partial surrenders; or - the maximum anniversary value as calculated on the most recent contract anniversary plus subsequent purchase payments made to the contract minus adjustments for partial surrenders since that contract anniversary. TERMINATING THE MAV - You may terminate the MAV rider within 30 days of the first contract anniversary after the rider effective date. - You may terminate the MAV rider within 30 days of any contract anniversary beginning with the seventh contract anniversary after the rider effective date. - The MAV rider will terminate when you make a full surrender from the contract or when annuity payouts begin. - The MAV rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older. If you terminate the MAV, the standard death benefit applies. EXAMPLE - You add the MAV when your contract value is $20,000. - On the first contract anniversary after the rider effective date the contract value grows to $24,000. - During the second contract year the contract value falls to $22,000, at which point you take a $1,500 partial surrender, leaving a contract value of $20,500. We calculate the death benefit as follows: The maximum anniversary value immediately preceding the date of death plus any payments made since that anniversary minus adjusted partial surrenders: Greatest of your contract anniversary contract values: $ 24,000 plus purchase payments made since that anniversary: +0 minus adjusted partial surrenders, calculated as: ($1,500 x $24,000) -1,636 $22,000 = -------- for a death benefit of: $ 22,364
IN GENERAL, IF YOUR SPOUSE IS THE SOLE BENEFICIARY, your spouse may choose to keep the contract as the contract owner. The contract value will be equal to the death benefit that would otherwise have been paid under the MAV. To do this your spouse must, within 60 days after our death claim requirements are fulfilled, give us written instructions to keep the contract in force. If your spouse has reached age 76 at the time he or she elects to continue the contract, the MAV rider will terminate. If your spouse at the time he or she elects to continue the contract has not yet reached age 76, he or she may choose to continue the MAV rider. In this case, the rider charges described in "Charges" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the MAV rider. If, at the time he or she elects to continue the contract, your spouse has not yet reached age 76 and chooses not to continue the MAV rider, the contract value will be increased to the MAV death benefit amount if it is greater than the contract value on the death benefit valuation date. ENHANCED EARNINGS DEATH BENEFIT (EEB) The EEB is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. This is an optional benefit that you may select for an additional annual charge (see "Charges"). The EEB provides reduced benefits if you or the annuitant is age 70 or older at the rider effective date and it does not provide any additional benefit before the first contract anniversary after the rider effective date. The EEB also may result in reduced benefits if you take RMDs (see "Taxes -- Qualified Annuities -- Required Minimum Distributions") from your qualified annuity or any partial surrenders during the life of your contract, both of which may reduce contract earnings. This is because the benefit paid by the EEB is determined by the amount of earnings at death. Be sure to discuss with your financial advisor whether or not the EEB is appropriate for your situation. If both you and the annuitant are age 75 or younger at the rider effective date, you may choose to add the EEB to your contract. Generally, you must elect the EEB at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the EEB may be after we issue the contract. We will determine the rider effective date for the EEB added after we issue the contract according to terms determined by us and at our sole discretion. 40 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS The EEB provides that if you or the annuitant dies after the first contract anniversary after the rider effective date, but before annuity payouts begin, and while this contract is in force, we will pay the beneficiary: - the standard death benefit amount (see "Benefits in Case of Death -- Standard Benefit") or the MAV death benefit amount, if applicable, PLUS - 40% of your earnings at death if you and the annuitant were under age 70 on the rider effective date; or - 15% of your earnings at death if you or the annuitant were age 70 or older on the rider effective date. Additional death benefits payable under the EEB are not included in the adjusted partial surrender calculation. EARNINGS AT DEATH FOR THE EEB: If the rider effective date for the EEB is the contract issue date, earnings at death is an amount equal to: - the standard death benefit amount or the MAV death benefit amount, if applicable (the "death benefit amount") - MINUS purchase payments not previously surrendered. The earnings at death may not be less than zero and may not be more than 250% of the purchase payments not previously surrendered that are one or more years old. If the rider effective date for the EEB is AFTER the contract issue date, earnings at death is an amount equal to the death benefit amount - MINUS the greater of: - the contract value as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that contract value since that rider effective date; or - an amount equal to the death benefit amount as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that death benefit amount since that rider effective date. - PLUS any purchase payments made on or after the EEB rider effective date not previously surrendered. The earnings at death may not be less than zero and may not be more than 250% multiplied by: - the greater of: - the contract value as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that contract value since that rider effective date; or - an amount equal to the death benefit amount as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that death benefit amount since the rider effective date - PLUS any purchase payments made on or after the EEB rider effective date not previously surrendered that are one or more years old. TERMINATING THE EEB - You may terminate the EEB rider within 30 days of the first contract anniversary after the rider effective date. - You may terminate the EEB rider within 30 days of any contract anniversary beginning with the seventh contract anniversary after the rider effective date. - The EEB rider will terminate when you make a full surrender from the contract or when annuity payouts begin. - The EEB rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older. EXAMPLE OF THE EEB - You purchased the contract with a purchase payment of $100,000. You add the EEB rider when your contract value is $100,000 and both you and the annuitant are under age 70. You selected the seven-year surrender charge schedule, the MAV and the EEB. - During the first contract year the contract value grows to $105,000. The death benefit equals the standard death benefit, which is the contract value, or $105,000. You have not reached the first contract anniversary after the rider effective date so the EEB does not provide any additional benefit at this time. - On the first contract anniversary the contract value grows to $110,000. The death benefit equals: MAV death benefit amount (contract value): $110,000 plus the EEB which equals 40% of earnings at death (MAV death benefit amount minus payments not previously surrendered): 0.40 x ($110,000 - $100,000) = +4,000 -------- Total death benefit of: $114,000
RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 41 - On the second contract anniversary the contract value falls to $105,000. The death benefit equals: MAV death benefit amount (maximum anniversary value): $110,000 plus the EEB (40% of earnings at death): 0.40 x ($110,000 - $100,000) = +4,000 -------- Total death benefit of: $114,000
- During the third contract year the contract value remains at $105,000 and you request a partial surrender, including the applicable 5% surrender charge, of $50,000. We will surrender $10,500 from your contract value free of charge (10% of your prior anniversary's contract value). The remainder of the surrender is subject to a 5% surrender charge because your purchase payment is four years old, so we will surrender $39,500 ($37,525 + $1,975 in surrender charges) from your contract value. Altogether, we will surrender $50,000 and pay you $48,025. We calculate purchase payments not previously surrendered as $100,000 - $45,000 = $55,000 (remember that $5,000 of the partial surrender is contract earnings). The death benefit equals: MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): $110,000 - ($50,000 x $110,000) = $105,000$ $57,619 plus the EEB (40% of earnings at death): 0.40 x ($57,619 - $55,000) = +1,048 ------- Total death benefit of: $58,667
- On the third contract anniversary the contract value falls by $40,000. The death benefit remains at $58.667. The reduction in contract value has no effect. - On the ninth contract anniversary the contract value grows to a new high of $200,000. Earnings at death reaches its maximum of 250% of purchase payments not previously surrendered that are one or more years old. The death benefit equals: MAV death benefit amount (contract value): $200,000 plus the EEB (40% of earnings at death) .40 x 2.50 x ($55,000) = +55,000 -------- Total death benefit of: $255,000
- During the tenth contract year you make an additional purchase payment of $50,000 and your contract value grows to $250,000. The new purchase payment is less than one year old and so it has no effect on the EEB. The death benefit equals: MAV death benefit amount (contract value): $250,000 plus the EEB (40% of earnings at death, up to a maximum of 100% of purchase payments not previously surrendered that are one or more years old) 0.40 x 2.50 x ($55,000) = +55,000 -------- Total death benefit of: $305,000
- During the eleventh contract year the contract value remains $250,000 and the "new" purchase payment is now one year old. The value of the EEB changes. The death benefit equals: MAV death benefit amount (contract value): $250,000 plus the EEB which equals 40% of earnings at death (the standard death benefit amount minus payments not previously surrendered): 0.40 x ($250,000 - $105,000) = +58,000 -------- Total death benefit of: $308,000
IN GENERAL, IF YOUR SPOUSE IS THE SOLE BENEFICIARY, and your spouse chooses to continue the contract as the contract owner, we will pay an amount into the contract so that the contract value equals the total death benefit payable under the EEB. If the spouse is age 76 or older at the time he or she elects to continue the contract, then the EEB rider will terminate. If your spouse is less than age 76 at the time he or she elects to continue the contract then he or she may choose to continue the EEB. In this case, the following conditions will apply: - the EEB rider will continue, but we will treat the new contract value on the date the ownership of the contract changes to your spouse (after the additional amount is paid into the contract) as if it is a purchase payment in calculating future values of "earnings at death." 42 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS - the percentages of "earnings at death" payable will be based on your spouse's age at the time he or she elects to continue the contract. - the rider charges described in "Charges -- EEB Rider Fee" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the EEB rider. NOTE: For special tax considerations associated with the EEB, see "Taxes." THE ANNUITY PAYOUT PERIOD As owner of the contract, you have the right to decide how and to whom annuity payouts will be made starting at the settlement date. You may select one of the annuity payout plans outlined below, or we may mutually agree on other payout arrangements. We do not deduct any surrender charges under the payout plans listed below except under Plan E. You also decide whether we will make annuity payouts on a fixed or variable basis, or a combination of fixed and variable. The amount available to purchase payouts under the plan you select is the contract value on your settlement date (less any applicable premium tax). Additionally, we currently allow you to use part of the amount available to purchase payouts, leaving any remaining contract value to accumulate on a tax-deferred basis. During the annuity payout period, you cannot invest in more than five subaccounts at any one time unless we agree otherwise. AMOUNTS OF FIXED AND VARIABLE PAYOUTS DEPEND ON: - the annuity payout plan you select; - the annuitant's age and, in most cases, the annuitant's sex; - the annuity table in the contract; and - the amounts you allocated to the accounts at settlement. In addition, for variable payouts only, amounts depend on the investment performance of the subaccounts you select. These payouts will vary from month to month because the performance of the funds will fluctuate. Fixed payouts remain the same from month to month. For information with respect to transfers between accounts after annuity payouts begin, see "Making the Most of Your Contract -- Transfer policies." ANNUITY TABLES The annuity tables in your contract (Table A and Table B) show the amount of the monthly payout for each $1,000 of contract value according to the age and, when applicable, the sex of the annuitant. (Where required by law, we will use a unisex table of settlement rates.) Table A shows the amount of the first variable payout assuming that the contract value is invested at the beginning of the annuity payout period and earns a 5% rate of return, which is reinvested and helps to support future payouts. If you ask us at least 30 days before the settlement date, we will substitute an annuity table based on an assumed 3.5% investment rate for the 5% Table A in the contract. The assumed investment rate affects both the amount of the first payout and the extent to which subsequent payouts increase or decrease. For example, annuity payouts will increase if the investment return is above the assumed investment rate and payouts will decrease if the return is below the assumed investment rate. Using the 5% assumed interest rate Table A results in a higher initial payment, but later payouts will increase more slowly when annuity unit values rise and decrease more rapidly when they decline. Table B shows the minimum amount of each fixed payout. Amounts in Table B are based on the guaranteed annual effective interest rate shown in your contract. We declare current payout rates that we use in determining the actual amount of your fixed payout. The current payout rates will equal or exceed the guaranteed payout rates shown in Table B. We will furnish these rates to you upon request. ANNUITY PAYOUT PLANS You may choose any one of these annuity payout plans by giving us written instructions at least 30 days before contract value is used to purchase the payout plan: - PLAN A -- LIFE ANNUITY -- NO REFUND: We make monthly payouts until the annuitant's death. Payouts end with the last payout before the annuitant's death. We will not make any further payouts. This means that if the annuitant dies after we made only one monthly payout, we will not make any more payouts. - PLAN B -- LIFE ANNUITY WITH FIVE, TEN OR 15 YEARS CERTAIN: We make monthly payouts for a guaranteed payout period of five, ten or 15 years that you elect. This election will determine the length of the payout period to the beneficiary if the RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 43 annuitant should die before the elected period expires. We calculate the guaranteed payout period from the settlement date. If the annuitant outlives the elected guaranteed payout period, we will continue to make payouts until the annuitant's death. - PLAN C -- LIFE ANNUITY -- INSTALLMENT REFUND: We make monthly payouts until the annuitant's death, with our guarantee that payouts will continue for some period of time. We will make payouts for at least the number of months determined by dividing the amount applied under this option by the first monthly payout, whether or not the annuitant is living. - PLAN D -- JOINT AND LAST SURVIVOR LIFE ANNUITY -- NO REFUND: We make monthly payouts while both the annuitant and a joint annuitant are living. If either annuitant dies, we will continue to make monthly payouts at the full amount until the death of the surviving annuitant. Payouts end with the death of the second annuitant. - PLAN E -- PAYOUTS FOR A SPECIFIED PERIOD: We make monthly payouts for a specific payout period of ten to 30 years that you elect. We will make payouts only for the number of years specified whether the annuitant is living or not. Depending on the selected time period, it is foreseeable that an annuitant can outlive the payout period selected. During the payout period, you can elect to have us determine the present value of any remaining variable payouts and pay it to you in a lump sum. We determine the present value of the remaining annuity payouts which are assumed to remain level at the amount of the payout that would have been made 7 days prior to the date we determine the present value. For qualified annuities, the discount rate we use in the calculation will be either 4.72% or 6.22%, depending on the applicable assumed investment rate. For nonqualified annuities, the discount rate we use in the calculation will vary between 4.92% and 6.42%, depending on the applicable assumed investment rate. (See "Charges -- Surrender charge under Annuity Payout Plan E.") You can also take a portion of the discounted value once a year. If you do so, your monthly payouts will be reduced by the proportion of your surrender to the full discounted value. A 10% IRS penalty tax could apply if you take a surrender. (See "Taxes.") ANNUITY PAYOUT PLAN REQUIREMENTS FOR QUALIFIED ANNUITIES: If your contract is a qualified annuity, you must select a payout plan as of the settlement date set forth in your contract. You have the responsibility for electing a payout plan under your contract that complies with applicable law. Your contract describes your payout plan options. The options will generally meet certain IRS regulations governing RMDs if the payout plan meets the incidental distribution benefit requirements, if any, and the payouts are made: - in equal or substantially equal payments over a period not longer than your life expectancy or over the joint life expectancy of you and your designated beneficiary; or - over a period certain not longer than your life expectancy or over the joint life expectancy of you and your designated beneficiary. IF WE DO NOT RECEIVE INSTRUCTIONS: You must give us written instructions for the annuity payouts at least 30 days before the annuitant's settlement date. If you do not, we will make payouts under Plan B, with 120 monthly payouts guaranteed. Contract values that you allocated to the fixed account will provide fixed dollar payouts and contract values that you allocated among the subaccounts will provide variable annuity payouts. IF MONTHLY PAYOUTS WOULD BE LESS THAN $20: We will calculate the amount of monthly payouts at the time amounts are applied to a payout plan. If the calculations show that monthly payouts would be less than $20, we have the right to pay the contract value to the owner in a lump sum or to change the frequency of the payouts. DEATH AFTER ANNUITY PAYOUTS BEGIN: If you or the annuitant die after annuity payouts begin, we will pay any amount payable to the beneficiary as provided in the annuity payout plan in effect. TAXES Under current law, your contract has a tax-deferral feature. Generally, this means you do not pay income tax until there is a taxable distribution (or deemed distribution) from the contract. We will send a tax information reporting form for any year in which we made a taxable or reportable distribution according to our records. NONQUALIFIED ANNUITIES Generally, only the increase in the value of a non-qualified annuity contract over the investment in the contract is taxable. Certain exceptions apply. Federal tax law requires that all nonqualified deferred annuity contracts issued by the same company (and possibly its affiliates) to the same owner during a calendar year be taxed as a single, unified contract when distributions are taken from any one of those contracts. ANNUITY PAYOUTS: Generally, unlike surrenders described below, the taxation of annuity payouts are subject to exclusion ratios, i.e. a portion of each payout will be ordinary income and subject to tax, and a portion of each payout will be considered a return of part of your investment in the contract and will not be taxed. All amounts you receive after your investment in the contract is fully recovered will be subject to tax. Under Annuity Payout Plan A: Life annuity -- no refund, where the annuitant dies before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the owner for the last taxable year. Under all other annuity payout 44 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS plans, where the annuity payouts end before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the taxpayer for the tax year in which the payouts end. (See "The Annuity Payout Period -- Annuity Payout Plans.") Beginning in 2011, federal tax law permits taxpayers to annuitize a portion of their nonqualified annuity while leaving the remaining balance to continue to grow tax-deferred. Under the new partial annuitization rules, the portion annuitized must be received as an annuity for a period of 10 years or more, or for the lives of one or more individuals. If this requirement is met, the annuitized portion and the tax-deferred balance will generally be treated as two separate contracts for income tax purposes only. If a contract is partially annuitized, the investment in the contract is allocated between the deferred and the annuitized portions on a pro rata basis. SURRENDERS: Generally, if you surrender all or part of your nonqualified annuity before your annuity payouts begin, your surrender will be taxed to the extent that the contract value immediately before the surrender exceeds the investment in the contract. Different rules may apply if you exchange another contract into this contract. You also may have to pay a 10% IRS penalty for surrenders of taxable income you make before reaching age 59 1/2 unless certain exceptions apply. WITHHOLDING: If you receive taxable income as a result of an annuity payout or surrender, we may deduct federal, and in some cases state withholding against the payment. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, and you have a valid U.S. address, you may be able to elect not to have any withholding occur. If the payment is part of an annuity payout plan, we generally compute the amount of withholding using payroll tables. You may provide us with a statement of how many exemptions to use in calculating the withholding. If the distribution is any other type of payment (such as partial or full surrender) we compute withholding using 10% of the taxable portion. The withholding requirements differ if we deliver payment outside the United States and/or you are a non-resident alien. Some states also may impose withholding requirements similar to the federal withholding described above. If this should be the case, we may deduct state withholding from the payment. DEATH BENEFITS TO BENEFICIARIES: The death benefit under a nonqualified contract is not exempt from estate (federal or state) or income taxes. In addition, any amount your beneficiary receives that exceeds the investment in the contract is taxable as ordinary income to the beneficiary in the year he or she receives the payments. (See also "Benefits in Case of Death -- If You Die Before the Settlement Date"). ANNUITIES OWNED BY CORPORATIONS, PARTNERSHIPS OR IRREVOCABLE TRUSTS: For nonqualified annuities, any annual increase in the value of annuities held by such entities (nonnatural persons) generally will be treated as ordinary income received during that year. However, if the trust was set up for the benefit of a natural person only, the income will generally remain tax-deferred. PENALTIES: If you receive amounts from your nonqualified annuity before reaching age 59 1/2, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty will not apply to any amount received: - because of your death or in the event of nonnatural ownership, the death of the annuitant; - because you become disabled (as defined in the Code); - if the distribution is part of a series of substantially equal periodic payments, made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary); - if it is allocable to an investment before Aug. 14, 1982; or - if annuity payouts are made under immediate annuities as defined by the Code. TRANSFER OF OWNERSHIP: Generally, if you transfer ownership of a nonqualified annuity without receiving adequate consideration, the transfer may be treated as a surrender for federal income tax purposes. If the transfer is a currently taxable event for income tax purposes, the original owner will be taxed on the amount of deferred earnings at the time of the transfer and also may be subject to the 10% IRS penalty discussed earlier. In this case, the new owner's investment in the contract will be the value of the contract at the time of the transfer. In general, this rule does not apply to transfers between spouses or former spouses. Please consult your tax advisor for further details. 1035 EXCHANGES: Section 1035 of the Code permits nontaxable exchanges of certain insurance policies, endowment contracts, annuity contracts and qualified long- term care insurance contract while providing for continued tax deferral of earnings. In addition, Section 1035 permits the carryover of the cost basis from the old policy or contract to the new policy or contract. A 1035 exchange is a transfer from one policy or contract to another policy or contract. The following are nontaxable exchanges: (1) the exchange of a life insurance policy for another life insurance policy or for an endowment, annuity or qualified long-term care insurance contracts, (2) the exchange of an endowment contract for an annuity or qualified long-term care insurance RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 45 contract, or for an endowment contract under which payments will begin no later than payments would have begun under the contract exchanged, (3) the exchange of an annuity contract for another annuity contract or for a qualified long-term care insurance contract, or (4) the exchange of a qualified long-term care insurance contract for a qualified long-term insurance contract. However, if the life insurance policy has an outstanding loan, there may be tax consequences. Depending on the issue date of your original policy or contract, there may be tax or other benefits that are given up to gain the benefits of the new policy or contract. Consider whether the features and benefits of the new policy or contract outweigh any tax or other benefits of the old contract. For a partial exchange of an annuity contract for another annuity contract, the 1035 exchange is generally tax-free. The investment in the original contract and the earnings on the contract will be allocated proportionately between the original and new contracts. However, IRS Revenue Procedure 2008-24 states if withdrawals are taken from either contract within a 12 month period following a partial exchange, the 1035 exchange may be invalidated. In that case, the following will occur 1) the tax-free nature of the partial exchange can be lost, 2) the exchange will be retroactively treated as a taxable surrender on the lesser of the earnings in the original contract or the amount exchanged and 3) the entire amount of the exchange will be treated as a purchase into the second contract. You may receive an amended Form 1099-R reporting an invalidated exchange. (If certain life events occur between the date of the partial exchange and the date of the withdrawal in the first 12 months, the partial exchange could remain valid.) You should consult your tax advisor before taking any surrender from either contract. ASSIGNMENT: If you assign or pledge your contract as collateral for a loan, earnings on purchase payments you made after Aug. 13, 1982 will be taxed as a deemed distribution and you may have to pay a 10% IRS penalty. QUALIFIED ANNUITIES Adverse tax consequences may result if you do not ensure that contributions, distributions and other transactions under the contract comply with the law. Qualified annuities have minimum distribution rules that govern the timing and amount of distributions. You should refer to your retirement plan's Summary Plan Description, your IRA disclosure statement, or consult a tax advisor for additional information about the distribution rules applicable to your situation. When you use your contract to fund a retirement plan or IRA that is already tax- deferred under the Code, the contract will not provide any necessary or additional tax deferral. If your contract is used to fund an employer sponsored plan, your right to benefits may be subject to the terms and conditions of the plan regardless of the terms of the contract. ANNUITY PAYOUTS: Under a qualified annuity, except a Roth IRA, Roth 401(k) or Roth 403(b), the entire payout generally is includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non- deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars. ANNUITY PAYOUTS FROM ROTH IRAS: In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59 1/2 and meet the five year holding period. SURRENDERS: Under a qualified annuity, except a Roth IRA, Roth 401(k) or Roth 403(b), the entire surrender will generally be includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non- deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars. SURRENDERS FROM ROTH IRAS: In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59 1/2 and meet the five year holding period. REQUIRED MINIMUM DISTRIBUTIONS: Retirement plans (except for Roth IRAs) are subject to required surrenders called required minimum distributions ("RMDs") beginning at age 70 1/2. RMDs are based on the fair market value of your contract at year-end divided by life expectancy factor. Certain death benefits and optional riders may be considered in determining the fair market value of your contract for RMD purposes. This may cause your RMD to be higher. You should consult your tax advisor prior to making a purchase for an explanation of the potential tax implications to you. Inherited IRAs (including inherited Roth IRAs) are subject to special RMD rules. WITHHOLDING FOR IRAS, ROTH IRAS, SEPS AND SIMPLE IRAS: If you receive taxable income as a result of an annuity payout or a surrender, we may deduct withholding against the payment. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, you can elect not to have any withholding occur. If the payment is part of an annuity payout plan, we generally compute the amount of withholding using payroll tables. You may provide us with a statement of how many exemptions to use in calculating the withholding. If the distribution is any other type of payment (such as a partial or full surrender) we compute withholding using 10% of the taxable portion. The withholding requirements differ if we deliver payment outside the United States and/or you are a non-resident alien. 46 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS Some states also may impose withholding requirements similar to the federal withholding described above. If this should be the case, we may deduct state withholding from the payment. WITHHOLDING FOR ALL OTHER QUALIFIED ANNUITIES: If you receive directly all or part of the contract value from a qualified annuity, mandatory 20% federal income tax withholding (and possibly state income tax withholding) generally will be imposed at the time the payout is made from the plan. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. This mandatory withholding will not be imposed if instead of receiving the distribution check, you elect to have the distribution rolled over directly to an IRA or another eligible plan. Payments made to a surviving spouse instead of being directly rolled over to an IRA are also subject to mandatory 20% income tax withholding. In the below situations, the distribution is subject to an optional 10% withholding instead of the mandatory 20% withholding. We will withhold 10% of the distribution amount unless you elect otherwise. - the payout is one in a series of substantially equal periodic payouts, made at least annually, over your life or life expectancy (or the joint lives or life expectancies of you and your designated beneficiary) or over a specified period of 10 years or more; - the payout is a RMD as defined under the Code; - the payout is made on account of an eligible hardship; or - the payout is a corrective distribution. State withholding also may be imposed on taxable distributions. PENALTIES: If you receive amounts from your qualified contract before reaching age 59 1/2, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty generally will not apply to any amount received: - because of your death; - because you become disabled (as defined in the Code); - if the distribution is part of a series of substantially equal periodic payments made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary); - if the distribution is made following severance from employment during the calendar year in which you attain age 55 (TSAs and annuities funding 401(a) plans only); - to pay certain medical or education expenses (IRAs only); or - if the distribution is made from an inherited IRA. DEATH BENEFITS TO BENEFICIARIES: The entire death benefit generally is taxable as ordinary income to the beneficiary in the year he/she receives the payments from the qualified annuity. If you made non-deductible contributions to a traditional IRA, the portion of any distribution from the contract that represents after-tax contributions is not taxable as ordinary income to your beneficiary. You are responsible for keeping all records tracking your non- deductible contributions to an IRA. Death benefits under a Roth IRA generally are not taxable as ordinary income to the beneficiary if certain distribution requirements are met. (See also "Benefits in Case of Death -- If you Die Before the Settlement Date"). ASSIGNMENT: You may not assign or pledge your qualified contract as collateral for a loan. OTHER PURCHASE PAYMENT CREDITS: These are considered earnings and are taxed accordingly when surrendered or paid out. SPECIAL CONSIDERATIONS IF YOU SELECT ANY OPTIONAL RIDER: As of the date of this prospectus, we believe that charges related to these riders are not subject to current taxation. Therefore, we will not report these charges as partial surrenders from your contract. However, the IRS may determine that these charges should be treated as partial surrenders subject to taxation to the extent of any gain as well as the 10% tax penalty for surrenders before the age of 59 1/2, if applicable. We reserve the right to report charges for these riders as partial surrenders if we, as a withholding and reporting agent, believe that we are required to report them. In addition, we will report any benefits attributable to these riders on the death of you or the annuitant as an annuity death benefit distribution, not as proceeds from life insurance. IMPORTANT: Our discussion of federal tax laws is based upon our understanding of current interpretations of these laws. Federal tax laws or current interpretations of them may change. For this reason and because tax consequences are complex and highly individual and cannot always be anticipated, you should consult a tax advisor if you have any questions about taxation of your contract. RIVERSOURCE LIFE'S TAX STATUS: We are taxed as a life insurance company under the Code. For federal income tax purposes, the subaccounts are considered a part of our company, although their operations are treated separately in accounting and RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 47 financial statements. Investment income is reinvested in the fund in which each subaccount invests and becomes part of that subaccount's value. This investment income, including realized capital gains, is not subject to any withholding because of federal or state income taxes. We reserve the right to make such a charge in the future if there is a change in the tax treatment of variable annuities or in our tax status as we then understand it. TAX QUALIFICATION: We intend that the contract qualify as an annuity for federal income tax purposes. To that end, the provisions of the contract are to be interpreted to ensure or maintain such tax qualification, in spite of any other provisions of the contract. We reserve the right to amend the contract to reflect any clarifications that may be needed or are appropriate to maintain such qualification or to conform the contract to any applicable changes in the tax qualification requirements. We will send you a copy of any amendments. VOTING RIGHTS As a contract owner with investments in the subaccounts, you may vote on important fund policies until annuity payouts begin. Once they begin, the person receiving them has voting rights. We will vote fund shares according to the instructions of the person with voting rights. Before annuity payouts begin, the number of votes you have is determined by applying your percentage interest in each subaccount to the total number of votes allowed to the subaccount. After annuity payouts begin, the number of votes you have is equal to: - the reserve held in each subaccount for your contract; divided by - the net asset value of one share of the applicable fund. As we make annuity payouts, the reserve for the contract decreases; therefore, the number of votes also will decrease. We calculate votes separately for each subaccount. We will send notice of shareholders' meetings, proxy materials and a statement of the number of votes to which the voter is entitled. We will vote shares for which we have not received instructions in the same proportion as the votes for which we received instructions. We also will vote the shares for which we have voting rights in the same proportion as the votes for which we received instructions. SUBSTITUTION OF INVESTMENTS We may substitute the funds in which the subaccounts invest if: - laws or regulations change; - the existing funds become unavailable; or - in our judgment, the funds no longer are suitable (or no longer the most suitable) for the subaccounts. If any of these situations occur, and if we believe it is in the best interest of persons having voting rights under the contract, we have the right to substitute a fund currently listed in this prospectus (existing fund) for another fund (new fund). The new fund may have higher fees and/or operating expenses than the existing fund. Also, the new fund may have investment objectives and policies and/or investment advisers which differ from the existing fund. We may also: - add new subaccounts; - combine any two or more subaccounts; - transfer assets to and from the subaccounts or the variable account; and - eliminate or close any subaccounts. We will notify you of any substitution or change. If we notify you that a subaccount will be eliminated or closed, you will have a certain period of time to tell us where to reallocate purchase payments or contract value currently allocated to that subaccount. If we do not receive your reallocation instructions by the due date, we automatically will reallocate to the subaccount investing in the RiverSource Variable Portfolio -- Cash Management Fund. You may then transfer this reallocated amount in accordance with the transfer provisions of your contract (see "Transferring Between Accounts" above). In the event of substitution or any of these changes, we may amend the contract and take whatever action is necessary and appropriate without your consent or approval. However, we will not make any substitution or change without the necessary approval of the SEC and state insurance departments. 48 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS ABOUT THE SERVICE PROVIDERS PRINCIPAL UNDERWRITER RiverSource Distributors, Inc. ("RiverSource Distributors"), our affiliate, serves as the principal underwriter of the contract. Its offices are located at 70100 Ameriprise Financial Center, Minneapolis, MN 55474. RiverSource Distributors is a wholly-owned subsidiary of Ameriprise Financial, Inc. Although we no longer offer the contract for sale, you may continue to make purchase payments if permitted under the terms of your contract. We pay commissions to an affiliated selling firm of up to 5.75% of purchase payments on the contract as well as service/trail commissions of up to 0.25% based on annual total contract value for as long as the contract remains in effect. We also may pay a temporary additional sales commission of up to 1.00% of purchase payments for a period of time we select. These commissions do not change depending on which subaccounts you choose to allocate your purchase payments. From time to time and in accordance with applicable laws and regulations, we may also pay or provide the selling firm with various cash and non-cash promotional incentives including, but not limited to bonuses, short-term sales incentive payments, marketing allowances, costs associated with sales conferences and educational seminars and sales recognition awards. A portion of the payments made to the selling firm may be passed on to its financial advisors in accordance with its internal compensation programs. Those programs may also include other types of cash and non-cash compensation and other benefits. Ask your financial advisor for further information about what your financial advisor and the selling firm for which he or she works may receive in connection with your contract. We pay the commissions and other compensation described above from our assets. Our assets include: - revenues we receive from fees and expenses that you will pay when buying, owning and surrendering the contract (see "Expense Summary"); - compensation we or an affiliate receive from the underlying funds in the form of distribution and services fees (see "The Variable Account and the Funds -- the funds"); - compensation we or an affiliate receive from a fund's investment adviser, subadviser, distributor or an affiliate of any of these (see "The Variable Account and the Funds -- The funds"); and - revenues we receive from other contracts and policies we sell that are not securities and other businesses we conduct. You do not directly pay the commissions and other compensation described above as the result of a specific charge or deduction under the contract. However, you may pay part of all of the commissions and other compensation described above indirectly through: - fees and expenses we collect from contract owners, including surrender charges; and - fees and expenses charged by the underlying funds in which the subaccounts you select invest, to the extent we or one of our affiliates receive revenue from the funds or an affiliated person. ISSUER We issue the contracts. We are a stock life insurance company organized in 1957 under the laws of the state of Minnesota and are located at 70100 Ameriprise Financial Center, Minneapolis, MN 55474. We are a wholly-owned subsidiary of Ameriprise Financial, Inc. We conduct a conventional life insurance business. We are licensed to do business in 49 states, the District of Columbia and American Samoa. Our primary products currently include fixed and variable annuity contracts and life insurance policies. LEGAL PROCEEDINGS Life insurance companies have been the subject of increasing regulatory, legislative and judicial scrutiny. Numerous state and federal regulatory agencies have commenced examinations and other inquiries of insurance companies regarding sales and marketing practices (including sales to older consumers and disclosure practices), compensation arrangements and anticompetitive activities. RiverSource Life is involved in the normal course of business in a number of other legal, arbitration and regulatory proceedings concerning matters arising in connection with the conduct of its business activities. RiverSource Life believes that it is not a party to, nor are any of its properties the subject of, any pending legal, arbitration or regulatory proceedings that would have a material adverse effect on its consolidated financial condition, results of operations or liquidity. However, it is possible that the outcome of any such proceedings could have a material adverse impact on results of operations in any particular reporting period as the proceedings are resolved. RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 49 APPENDIX: CONDENSED FINANCIAL INFORMATION (UNAUDITED) The following tables give per-unit information about the financial history of each subaccount. The date in which operations commenced in each subaccount is noted in parentheses. We have not provided this information for subaccounts that were not available under your contract as of Dec. 31, 2010.
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.07 $0.71 $1.36 $1.14 $1.06 $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 $1.07 $0.71 $1.36 $1.14 $1.06 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,452 5,299 3,750 4,111 14,120 2,021 -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $0.95 $0.80 $1.35 $1.30 $1.12 $1.08 $0.98 $0.74 $0.96 $1.00 Accumulation unit value at end of period $1.06 $0.95 $0.80 $1.35 $1.30 $1.12 $1.08 $0.98 $0.74 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 55,671 68,595 84,420 116,725 135,093 149,316 125,010 82,114 43,189 5,550 ---------------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $1.63 $1.23 $2.64 $2.52 $1.88 $1.63 $1.31 $0.92 $0.98 $1.00 Accumulation unit value at end of period $1.69 $1.63 $1.23 $2.64 $2.52 $1.88 $1.63 $1.31 $0.92 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 102,937 150,692 202,780 217,241 203,016 153,107 70,504 34,604 12,313 805 ---------------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS I (09/15/1999) Accumulation unit value at beginning of period $1.10 $0.83 $1.52 $1.30 $1.04 $0.93 $0.81 $0.66 $0.83 $1.19 Accumulation unit value at end of period $1.24 $1.10 $0.83 $1.52 $1.30 $1.04 $0.93 $0.81 $0.66 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 9,999 12,855 16,842 22,009 24,450 28,073 28,284 27,256 26,878 25,459 ---------------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.87 $0.68 $0.90 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.03 $0.87 $0.68 $0.90 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,924 48,044 54,402 56,815 -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.92 $0.69 $1.19 $0.99 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.06 $0.92 $0.69 $1.19 $0.99 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,063 11,805 12,809 13,321 78,916 10,074 -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS I (09/15/1999) Accumulation unit value at beginning of period $1.52 $1.28 $1.76 $1.87 $1.59 $1.52 $1.34 $1.05 $1.21 $1.08 Accumulation unit value at end of period $1.71 $1.52 $1.28 $1.76 $1.87 $1.59 $1.52 $1.34 $1.05 $1.21 Number of accumulation units outstanding at end of period (000 omitted) 19,329 24,377 28,576 41,125 47,446 53,724 50,678 46,232 43,222 35,248 ---------------------------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (05/01/2000) Accumulation unit value at beginning of period $0.97 $0.78 $1.14 $1.12 $1.04 $0.99 $0.92 $0.78 $0.89 $0.96 Accumulation unit value at end of period $1.07 $0.97 $0.78 $1.14 $1.12 $1.04 $0.99 $0.92 $0.78 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 14,304 15,940 18,431 21,893 24,975 23,850 20,551 15,315 9,520 4,490 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.07 $0.86 $1.24 $1.23 $1.08 $1.05 $0.97 $0.81 $0.94 $1.05 Accumulation unit value at end of period $1.19 $1.07 $0.86 $1.24 $1.23 $1.08 $1.05 $0.97 $0.81 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 61,921 74,529 61,707 86,628 89,309 92,705 84,704 79,035 64,273 37,760 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (09/15/1999) Accumulation unit value at beginning of period $1.22 $1.22 $1.20 $1.16 $1.12 $1.10 $1.10 $1.10 $1.09 $1.06 Accumulation unit value at end of period $1.21 $1.22 $1.22 $1.20 $1.16 $1.12 $1.10 $1.10 $1.10 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 134,040 197,288 399,214 286,121 258,492 193,996 187,100 203,753 255,251 243,870 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 3) at Dec. 31, 2010 were (0.87%) and (0.87%), respectively. ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.48 $1.30 $1.40 $1.34 $1.30 $1.28 $1.23 $1.19 $1.13 $1.06 Accumulation unit value at end of period $1.59 $1.48 $1.30 $1.40 $1.34 $1.30 $1.28 $1.23 $1.19 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 282,705 638,984 610,707 599,680 511,100 332,677 221,377 188,939 154,530 83,968 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.45 $1.15 $1.94 $1.81 $1.52 $1.35 $1.15 $0.82 $1.02 $1.01 Accumulation unit value at end of period $1.68 $1.45 $1.15 $1.94 $1.81 $1.52 $1.35 $1.15 $0.82 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 256,449 508,061 530,216 560,416 585,144 408,559 255,776 134,486 86,442 43,328 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.69 $0.56 $0.98 $0.96 $0.84 $0.79 $0.75 $0.59 $0.76 $0.93 Accumulation unit value at end of period $0.80 $0.69 $0.56 $0.98 $0.96 $0.84 $0.79 $0.75 $0.59 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 218,715 257,537 301,682 383,078 450,207 263,828 130,790 69,981 52,124 26,327 ----------------------------------------------------------------------------------------------------------------------------------
50 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $2.23 $1.29 $2.81 $2.05 $1.54 $1.16 $0.94 $0.68 $0.72 $0.74 Accumulation unit value at end of period $2.65 $2.23 $1.29 $2.81 $2.05 $1.54 $1.16 $0.94 $0.68 $0.72 Number of accumulation units outstanding at end of period (000 omitted) 56,730 80,593 111,551 89,546 89,672 75,520 22,549 8,256 4,750 1,789 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.68 $1.52 $1.54 $1.44 $1.36 $1.44 $1.32 $1.18 $1.03 $1.03 Accumulation unit value at end of period $1.78 $1.68 $1.52 $1.54 $1.44 $1.36 $1.44 $1.32 $1.18 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 88,623 195,536 201,728 204,316 169,931 130,135 82,347 51,936 31,133 16,572 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.19 $1.12 $1.13 $1.05 $1.05 $1.03 $1.00 -- -- -- Accumulation unit value at end of period $1.23 $1.19 $1.12 $1.13 $1.05 $1.05 $1.03 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 92,837 302,524 171,393 147,400 161,490 91,038 2,274 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.57 $1.03 $1.39 $1.37 $1.25 $1.21 $1.09 $0.88 $0.95 $0.91 Accumulation unit value at end of period $1.78 $1.57 $1.03 $1.39 $1.37 $1.25 $1.21 $1.09 $0.88 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 111,083 137,350 147,297 218,538 251,768 262,154 242,254 177,150 93,845 58,348 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.33 $0.94 $1.16 $1.14 $1.07 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.49 $1.33 $0.94 $1.16 $1.14 $1.07 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 56,452 229,076 128,653 116,516 109,316 29,477 1,052 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.94 $0.74 $1.26 $1.12 $0.91 $0.81 $0.69 $0.55 $0.67 $0.95 Accumulation unit value at end of period $1.06 $0.94 $0.74 $1.26 $1.12 $0.91 $0.81 $0.69 $0.55 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 39,494 48,442 55,412 75,421 80,961 77,787 51,446 23,614 20,012 15,821 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.56 $0.41 $0.75 $0.73 $0.66 $0.62 $0.57 $0.48 $0.65 $0.95 Accumulation unit value at end of period $0.65 $0.56 $0.41 $0.75 $0.73 $0.66 $0.62 $0.57 $0.48 $0.65 Number of accumulation units outstanding at end of period (000 omitted) 124,302 147,034 180,650 283,769 326,108 323,849 191,140 192,314 135,693 129,186 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.90 $0.72 $1.19 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $0.90 $0.72 $1.19 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 86,635 378,240 310,527 204,077 121,798 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.65 $1.27 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.89 $0.65 $1.27 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26,527 32,788 41,006 32,112 59,299 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (05/01/2001) Accumulation unit value at beginning of period $1.22 $0.75 $1.37 $1.22 $1.23 $1.12 $1.04 $0.85 $1.00 $1.00 Accumulation unit value at end of period $1.53 $1.22 $0.75 $1.37 $1.22 $1.23 $1.12 $1.04 $0.85 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 34,995 40,215 38,730 50,337 62,826 47,283 53,376 42,780 16,388 2,489 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.14 $0.81 $1.49 $1.36 $1.19 $1.00 -- -- -- -- Accumulation unit value at end of period $1.38 $1.14 $0.81 $1.49 $1.36 $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 33,723 57,405 76,989 71,709 101,239 6,605 -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $0.81 $0.65 $1.04 $1.00 $0.87 $0.84 $0.77 $0.61 $0.79 $0.91 Accumulation unit value at end of period $0.93 $0.81 $0.65 $1.04 $1.00 $0.87 $0.84 $0.77 $0.61 $0.79 Number of accumulation units outstanding at end of period (000 omitted) 77,987 91,208 100,420 127,010 139,008 154,949 144,039 103,587 64,771 35,957 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.00 $0.80 $1.33 $1.34 $1.14 $1.10 $1.00 -- -- -- Accumulation unit value at end of period $1.19 $1.00 $0.80 $1.33 $1.34 $1.14 $1.10 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 10,640 6,269 5,696 7,988 7,937 6,232 3,498 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.42 $1.03 $1.68 $1.77 $1.60 $1.53 $1.30 $0.89 $1.08 $1.16 Accumulation unit value at end of period $1.79 $1.42 $1.03 $1.68 $1.77 $1.60 $1.53 $1.30 $0.89 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 19,549 21,859 26,621 38,095 49,721 59,243 61,563 44,627 29,202 22,792 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.33 $1.27 $1.31 $1.25 $1.22 $1.21 $1.21 $1.20 $1.14 $1.08 Accumulation unit value at end of period $1.36 $1.33 $1.27 $1.31 $1.25 $1.22 $1.21 $1.21 $1.20 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 95,906 109,059 125,698 120,018 125,729 145,087 160,725 155,718 124,866 50,510 ----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 51
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.74 $1.13 $0.97 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.88 $0.74 $1.13 $0.97 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 37,446 39,767 30,400 17,045 51,380 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - U.S. EQUITY FLEX I PORTFOLIO (10/02/2009) Accumulation unit value at beginning of period $1.09 $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,198 5,200 -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,289 11,669 6,188 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.98 $0.84 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.98 $0.84 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17,928 16,032 11,487 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.91 $0.76 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 51,467 45,180 25,617 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.74 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.89 $0.74 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,182 27,720 16,958 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.94 $0.80 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.94 $0.80 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,280 22,560 11,805 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.08 $0.75 $1.04 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.17 $1.08 $0.75 $1.04 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 74,514 162,181 119,741 111,086 103,830 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.92 $0.68 $1.20 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.07 $0.92 $0.68 $1.20 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 192,769 269,589 398,515 294,643 244,121 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS (09/15/1999) Accumulation unit value at beginning of period $0.93 $0.74 $1.28 $1.15 $1.03 $0.96 $0.92 $0.75 $0.90 $1.00 Accumulation unit value at end of period $1.06 $0.93 $0.74 $1.28 $1.15 $1.03 $0.96 $0.92 $0.75 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 37,384 48,395 58,690 78,090 92,368 107,380 122,387 119,334 108,027 103,719 ---------------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS (09/15/1999) Accumulation unit value at beginning of period $3.02 $2.17 $3.61 $3.15 $2.82 $2.41 $1.94 $1.41 $1.58 $1.65 Accumulation unit value at end of period $3.85 $3.02 $2.17 $3.61 $3.15 $2.82 $2.41 $1.94 $1.41 $1.58 Number of accumulation units outstanding at end of period (000 omitted) 27,026 35,956 44,234 56,323 67,426 72,759 73,206 67,863 63,268 59,393 ---------------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS (09/15/1999) Accumulation unit value at beginning of period $1.10 $0.87 $1.57 $1.35 $1.15 $0.97 $0.86 $0.61 $0.77 $0.98 Accumulation unit value at end of period $1.23 $1.10 $0.87 $1.57 $1.35 $1.15 $0.97 $0.86 $0.61 $0.77 Number of accumulation units outstanding at end of period (000 omitted) 15,374 20,415 25,280 33,656 38,789 40,988 42,151 31,628 28,991 27,850 ---------------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $1.71 $1.45 $2.53 $3.23 $2.70 $2.39 $1.83 $1.36 $1.34 $1.25 Accumulation unit value at end of period $2.06 $1.71 $1.45 $2.53 $3.23 $2.70 $2.39 $1.83 $1.36 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 42,372 50,767 62,873 93,100 128,540 139,618 120,456 87,330 59,317 24,477 ---------------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $2.02 $1.58 $2.38 $2.45 $2.11 $1.96 $1.59 $1.21 $1.35 $1.19 Accumulation unit value at end of period $2.58 $2.02 $1.58 $2.38 $2.45 $2.11 $1.96 $1.59 $1.21 $1.35 Number of accumulation units outstanding at end of period (000 omitted) 34,971 42,025 52,033 66,946 78,886 78,073 59,293 43,978 29,743 10,800 ----------------------------------------------------------------------------------------------------------------------------------
52 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $2.26 $1.71 $2.73 $2.67 $2.31 $2.07 $1.65 $1.30 $1.37 $1.23 Accumulation unit value at end of period $2.80 $2.26 $1.71 $2.73 $2.67 $2.31 $2.07 $1.65 $1.30 $1.37 Number of accumulation units outstanding at end of period (000 omitted) 64,121 78,043 97,291 139,637 163,687 174,918 115,616 83,015 56,079 23,748 ---------------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED SMALL CAP EQUITY FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $1.35 $1.07 $1.63 $1.97 $1.76 $1.68 $1.45 $1.00 $1.19 $1.14 Accumulation unit value at end of period $1.75 $1.35 $1.07 $1.63 $1.97 $1.76 $1.68 $1.45 $1.00 $1.19 Number of accumulation units outstanding at end of period (000 omitted) 3,153 3,757 4,574 6,389 8,977 10,823 12,173 13,511 14,285 14,153 ---------------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $0.85 $0.71 $1.14 $1.16 $1.04 $0.98 $0.86 $0.67 $0.86 $0.99 Accumulation unit value at end of period $0.96 $0.85 $0.71 $1.14 $1.16 $1.04 $0.98 $0.86 $0.67 $0.86 Number of accumulation units outstanding at end of period (000 omitted) 90,486 108,298 131,282 187,585 231,223 248,935 128,074 83,166 71,820 60,343 ---------------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES I SHARES (09/15/1999) Accumulation unit value at beginning of period $0.79 $0.65 $1.15 $1.03 $0.98 $0.90 $0.85 $0.66 $0.88 $1.16 Accumulation unit value at end of period $0.90 $0.79 $0.65 $1.15 $1.03 $0.98 $0.90 $0.85 $0.66 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 13,323 17,247 21,777 30,209 38,671 42,185 44,154 44,599 46,932 49,574 ---------------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES I SHARES (09/15/1999) Accumulation unit value at beginning of period $1.55 $1.09 $2.08 $1.89 $1.64 $1.50 $1.31 $0.98 $1.25 $1.37 Accumulation unit value at end of period $1.82 $1.55 $1.09 $2.08 $1.89 $1.64 $1.50 $1.31 $0.98 $1.25 Number of accumulation units outstanding at end of period (000 omitted) 5,046 6,556 8,210 11,683 13,834 16,329 18,834 19,915 21,745 23,324 ---------------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.01 $0.80 $1.13 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.06 $1.01 $0.80 $1.13 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7,456 8,089 8,014 5,881 33,923 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.24 $0.93 $1.57 $1.39 $1.09 $1.00 -- -- -- -- Accumulation unit value at end of period $1.39 $1.24 $0.93 $1.57 $1.39 $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 36,189 128,526 99,290 48,018 1,744 127 -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.08 $0.85 $1.33 $1.37 $1.19 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.24 $1.08 $0.85 $1.33 $1.37 $1.19 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 100,324 178,986 227,595 224,730 258,223 203,272 36,974 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES ENTERPRISE PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $0.58 $0.41 $0.73 $0.60 $0.54 $0.48 $0.40 $0.30 $0.42 $0.70 Accumulation unit value at end of period $0.72 $0.58 $0.41 $0.73 $0.60 $0.54 $0.48 $0.40 $0.30 $0.42 Number of accumulation units outstanding at end of period (000 omitted) 16,104 19,522 23,257 27,632 29,699 34,555 40,872 48,862 52,428 54,805 ---------------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES GLOBAL TECHNOLOGY PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $0.45 $0.29 $0.52 $0.43 $0.40 $0.36 $0.36 $0.25 $0.43 $0.68 Accumulation unit value at end of period $0.55 $0.45 $0.29 $0.52 $0.43 $0.40 $0.36 $0.36 $0.25 $0.43 Number of accumulation units outstanding at end of period (000 omitted) 27,036 27,957 23,828 28,860 30,606 32,606 37,258 40,520 37,200 34,767 ---------------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.85 $0.63 $1.06 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 31,752 305,123 238,472 154,650 -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES OVERSEAS PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $1.44 $0.81 $1.71 $1.34 $0.92 $0.70 $0.60 $0.45 $0.61 $0.80 Accumulation unit value at end of period $1.78 $1.44 $0.81 $1.71 $1.34 $0.92 $0.70 $0.60 $0.45 $0.61 Number of accumulation units outstanding at end of period (000 omitted) 55,565 61,696 69,375 80,158 77,239 72,832 75,760 81,742 81,189 60,527 ---------------------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.67 $0.48 $0.77 $0.70 $0.66 $0.64 $0.59 $0.48 $0.68 $0.91 Accumulation unit value at end of period $0.74 $0.67 $0.48 $0.77 $0.70 $0.66 $0.64 $0.59 $0.48 $0.68 Number of accumulation units outstanding at end of period (000 omitted) 57,389 67,421 63,755 80,158 100,533 117,493 108,239 91,666 69,576 50,212 ---------------------------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.98 $0.61 $1.01 $0.99 $0.89 $0.85 $0.81 $0.61 $0.90 $0.96 Accumulation unit value at end of period $1.32 $0.98 $0.61 $1.01 $0.99 $0.89 $0.85 $0.81 $0.61 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 25,934 28,887 32,039 42,261 51,188 62,995 77,406 74,690 59,272 34,072 ---------------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (08/13/2001) Accumulation unit value at beginning of period $1.83 $1.39 $2.25 $1.78 $1.37 $1.18 $0.92 $0.68 $0.89 $1.00 Accumulation unit value at end of period $2.07 $1.83 $1.39 $2.25 $1.78 $1.37 $1.18 $0.92 $0.68 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 47,357 56,324 67,989 78,212 71,164 55,870 28,362 18,051 10,543 2,997 ----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 53
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.86 $0.61 $1.11 $1.23 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.86 $0.61 $1.11 $1.23 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,144 67,174 88,969 51,109 51,499 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.99 $0.64 $1.20 $0.99 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.30 $0.99 $0.64 $1.20 $0.99 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17,947 18,479 17,546 14,940 37,273 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.76 $0.57 $1.07 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.92 $0.76 $0.57 $1.07 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,073 75,726 78,811 64,614 57,067 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.31 $0.95 $1.60 $1.52 $1.31 $1.16 $1.00 -- -- -- Accumulation unit value at end of period $1.51 $1.31 $0.95 $1.60 $1.52 $1.31 $1.16 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 29,183 31,543 36,705 48,173 51,514 33,811 11,540 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.25 $1.07 $1.26 $1.16 $1.09 $1.07 $1.00 -- -- -- Accumulation unit value at end of period $1.43 $1.25 $1.07 $1.26 $1.16 $1.09 $1.07 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 265,863 519,119 569,070 536,032 339,587 150,945 22,945 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.17 $0.86 $1.40 $1.43 $1.26 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.43 $1.17 $0.86 $1.40 $1.43 $1.26 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 19,999 23,658 27,205 34,265 34,462 18,592 7,652 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.13 $0.93 $1.12 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.26 $1.13 $0.93 $1.12 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 75,522 218,702 228,912 161,214 154,199 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17,030 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- ROYCE CAPITAL FUND - MICRO-CAP PORTFOLIO, INVESTMENT CLASS (09/15/1999) Accumulation unit value at beginning of period $3.07 $1.95 $3.47 $3.36 $2.80 $2.53 $2.24 $1.51 $1.75 $1.36 Accumulation unit value at end of period $3.95 $3.07 $1.95 $3.47 $3.36 $2.80 $2.53 $2.24 $1.51 $1.75 Number of accumulation units outstanding at end of period (000 omitted) 8,319 10,284 12,388 16,842 20,156 22,799 26,803 26,590 25,593 20,056 ---------------------------------------------------------------------------------------------------------------------------------- THIRD AVENUE VALUE PORTFOLIO (09/21/1999) Accumulation unit value at beginning of period $2.53 $1.75 $3.14 $3.32 $2.89 $2.54 $2.13 $1.51 $1.70 $1.51 Accumulation unit value at end of period $2.86 $2.53 $1.75 $3.14 $3.32 $2.89 $2.54 $2.13 $1.51 $1.70 Number of accumulation units outstanding at end of period (000 omitted) 9,979 12,740 16,209 23,692 28,765 31,916 32,334 31,927 31,335 27,040 ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 22,643 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 287,015 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 19,114 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 171,495 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.68 $1.12 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.89 $0.68 $1.12 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 24,428 303,537 183,635 117,605 123,150 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------
54 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.16 $0.85 $1.36 $1.29 $1.12 $1.12 $1.00 -- -- -- Accumulation unit value at end of period $1.40 $1.16 $0.85 $1.36 $1.29 $1.12 $1.12 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,535 5,203 6,409 9,188 9,786 10,247 4,730 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.10 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 150,412 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.10 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,625,658 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 85,099 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,122,490 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 53,054 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 454,692 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (08/14/2001) Accumulation unit value at beginning of period $1.66 $1.22 $1.80 $1.91 $1.60 $1.52 $1.28 $0.93 $1.07 $1.00 Accumulation unit value at end of period $2.05 $1.66 $1.22 $1.80 $1.91 $1.60 $1.52 $1.28 $0.93 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 48,893 149,191 156,845 148,793 126,637 127,559 90,541 67,609 43,199 6,885 ---------------------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (09/15/1999) Accumulation unit value at beginning of period $2.11 $1.42 $2.62 $2.27 $1.67 $1.38 $1.07 $0.72 $0.85 $1.08 Accumulation unit value at end of period $2.61 $2.11 $1.42 $2.62 $2.27 $1.67 $1.38 $1.07 $0.72 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 80,435 131,326 142,736 164,570 186,862 170,230 104,567 66,022 43,554 27,818 ---------------------------------------------------------------------------------------------------------------------------------- WANGER USA (09/15/1999) Accumulation unit value at beginning of period $1.67 $1.18 $1.98 $1.89 $1.77 $1.60 $1.36 $0.96 $1.16 $1.05 Accumulation unit value at end of period $2.05 $1.67 $1.18 $1.98 $1.89 $1.77 $1.60 $1.36 $0.96 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 102,578 155,213 176,483 212,646 235,960 241,623 184,961 129,824 78,311 40,791 ---------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INDEX ASSET ALLOCATION FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.10 $0.96 $1.37 $1.28 $1.15 $1.10 $1.02 $0.84 $0.97 $1.00 Accumulation unit value at end of period $1.24 $1.10 $0.96 $1.37 $1.28 $1.15 $1.10 $1.02 $0.84 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 15,176 19,120 25,423 37,314 40,046 43,629 41,656 30,948 14,864 3,799 ---------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.22 $1.06 $1.83 $1.61 $1.32 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.41 $1.22 $1.06 $1.83 $1.61 $1.32 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20,616 113,414 12,645 16,521 19,055 15,273 4,245 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.18 $0.78 $1.34 $1.18 $0.97 $0.92 $0.81 $0.58 $0.94 $1.00 Accumulation unit value at end of period $1.48 $1.18 $0.78 $1.34 $1.18 $0.97 $0.92 $0.81 $0.58 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 28,351 31,042 29,488 35,670 25,726 19,618 22,185 19,289 9,992 2,060 ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.07 $0.70 $1.35 $1.14 $1.06 $1.00 -- -- -- -- Accumulation unit value at end of period $1.25 $1.07 $0.70 $1.35 $1.14 $1.06 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,571 3,654 2,593 2,415 5,609 801 -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 55
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $0.93 $0.78 $1.34 $1.29 $1.11 $1.07 $0.97 $0.74 $0.96 $1.00 Accumulation unit value at end of period $1.04 $0.93 $0.78 $1.34 $1.29 $1.11 $1.07 $0.97 $0.74 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 33,656 41,871 53,105 74,246 84,552 91,924 75,935 54,358 29,770 4,363 ---------------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $1.61 $1.21 $2.61 $2.49 $1.86 $1.61 $1.31 $0.92 $0.98 $1.00 Accumulation unit value at end of period $1.66 $1.61 $1.21 $2.61 $2.49 $1.86 $1.61 $1.31 $0.92 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 63,534 93,058 122,930 135,634 127,479 94,909 44,705 24,114 9,270 790 ---------------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS I (09/15/1999) Accumulation unit value at beginning of period $1.08 $0.82 $1.49 $1.28 $1.03 $0.92 $0.81 $0.66 $0.83 $1.18 Accumulation unit value at end of period $1.21 $1.08 $0.82 $1.49 $1.28 $1.03 $0.92 $0.81 $0.66 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 9,446 13,469 17,171 22,876 26,483 30,007 30,595 30,150 31,512 32,127 ---------------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.87 $0.67 $0.90 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.87 $0.67 $0.90 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,798 25,355 30,504 28,466 -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.91 $0.69 $1.19 $0.99 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 $0.91 $0.69 $1.19 $0.99 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,909 6,957 7,931 8,170 35,411 4,856 -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS I (09/15/1999) Accumulation unit value at beginning of period $1.49 $1.25 $1.73 $1.84 $1.57 $1.51 $1.33 $1.04 $1.20 $1.08 Accumulation unit value at end of period $1.67 $1.49 $1.25 $1.73 $1.84 $1.57 $1.51 $1.33 $1.04 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 16,669 22,547 27,547 40,862 47,256 53,403 50,775 49,145 49,161 41,460 ---------------------------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (05/01/2000) Accumulation unit value at beginning of period $0.95 $0.76 $1.12 $1.10 $1.02 $0.98 $0.91 $0.77 $0.89 $0.96 Accumulation unit value at end of period $1.05 $0.95 $0.76 $1.12 $1.10 $1.02 $0.98 $0.91 $0.77 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 8,238 9,852 12,240 17,034 19,334 19,301 17,682 14,100 9,832 6,090 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.04 $0.85 $1.22 $1.21 $1.07 $1.04 $0.96 $0.80 $0.93 $1.05 Accumulation unit value at end of period $1.16 $1.04 $0.85 $1.22 $1.21 $1.07 $1.04 $0.96 $0.80 $0.93 Number of accumulation units outstanding at end of period (000 omitted) 45,791 55,353 51,095 74,966 74,221 77,525 74,540 73,310 64,613 53,096 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (09/15/1999) Accumulation unit value at beginning of period $1.19 $1.20 $1.18 $1.14 $1.10 $1.08 $1.09 $1.09 $1.09 $1.06 Accumulation unit value at end of period $1.18 $1.19 $1.20 $1.18 $1.14 $1.10 $1.08 $1.09 $1.09 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 92,405 140,419 290,095 247,870 211,744 147,452 148,915 178,580 228,237 265,455 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 3) at Dec. 31, 2010 were (1.12%) and (1.11%), respectively. ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.45 $1.28 $1.38 $1.32 $1.28 $1.26 $1.22 $1.18 $1.13 $1.06 Accumulation unit value at end of period $1.56 $1.45 $1.28 $1.38 $1.32 $1.28 $1.26 $1.22 $1.18 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 214,494 447,493 430,993 408,270 351,043 257,273 190,125 176,013 159,405 106,760 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.42 $1.13 $1.91 $1.79 $1.51 $1.34 $1.14 $0.82 $1.02 $1.01 Accumulation unit value at end of period $1.65 $1.42 $1.13 $1.91 $1.79 $1.51 $1.34 $1.14 $0.82 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 156,962 307,581 329,220 363,274 383,460 278,737 181,318 99,776 67,958 41,299 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.68 $0.55 $0.96 $0.94 $0.82 $0.78 $0.75 $0.58 $0.76 $0.93 Accumulation unit value at end of period $0.79 $0.68 $0.55 $0.96 $0.94 $0.82 $0.78 $0.75 $0.58 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 120,427 147,939 180,807 242,876 290,744 144,230 94,730 45,599 34,956 26,779 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $2.19 $1.27 $2.77 $2.02 $1.53 $1.15 $0.94 $0.67 $0.72 $0.74 Accumulation unit value at end of period $2.60 $2.19 $1.27 $2.77 $2.02 $1.53 $1.15 $0.94 $0.67 $0.72 Number of accumulation units outstanding at end of period (000 omitted) 33,567 47,289 61,879 50,491 51,867 44,244 16,315 6,501 3,888 1,542 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.65 $1.49 $1.51 $1.42 $1.34 $1.43 $1.31 $1.17 $1.03 $1.02 Accumulation unit value at end of period $1.74 $1.65 $1.49 $1.51 $1.42 $1.34 $1.43 $1.31 $1.17 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 68,524 137,253 142,773 141,675 123,834 102,876 72,702 54,100 36,626 23,970 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.18 $1.11 $1.12 $1.05 $1.05 $1.03 $1.00 -- -- -- Accumulation unit value at end of period $1.21 $1.18 $1.11 $1.12 $1.05 $1.05 $1.03 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 63,669 192,220 113,444 88,734 95,224 51,906 1,504 -- -- -- ----------------------------------------------------------------------------------------------------------------------------------
56 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.54 $1.01 $1.37 $1.35 $1.23 $1.20 $1.08 $0.87 $0.94 $0.91 Accumulation unit value at end of period $1.74 $1.54 $1.01 $1.37 $1.35 $1.23 $1.20 $1.08 $0.87 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 89,489 111,734 125,862 186,775 221,767 237,711 236,566 197,358 122,784 88,813 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.31 $0.93 $1.16 $1.14 $1.06 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.47 $1.31 $0.93 $1.16 $1.14 $1.06 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39,448 141,698 76,770 65,977 61,812 18,068 783 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.92 $0.73 $1.24 $1.11 $0.90 $0.80 $0.69 $0.54 $0.67 $0.95 Accumulation unit value at end of period $1.04 $0.92 $0.73 $1.24 $1.11 $0.90 $0.80 $0.69 $0.54 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 27,645 35,421 42,730 58,762 64,541 61,793 40,351 21,462 19,189 18,664 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.55 $0.41 $0.74 $0.72 $0.66 $0.61 $0.57 $0.47 $0.64 $0.94 Accumulation unit value at end of period $0.64 $0.55 $0.41 $0.74 $0.72 $0.66 $0.61 $0.57 $0.47 $0.64 Number of accumulation units outstanding at end of period (000 omitted) 72,817 90,930 116,110 186,447 216,237 212,229 135,373 147,485 118,986 130,764 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.19 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.08 $0.89 $0.71 $1.19 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 50,453 214,161 176,791 113,001 66,352 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.65 $1.26 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.88 $0.65 $1.26 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16,307 20,723 26,849 22,702 32,712 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (05/01/2001) Accumulation unit value at beginning of period $1.20 $0.74 $1.35 $1.20 $1.22 $1.11 $1.03 $0.85 $0.99 $1.00 Accumulation unit value at end of period $1.50 $1.20 $0.74 $1.35 $1.20 $1.22 $1.11 $1.03 $0.85 $0.99 Number of accumulation units outstanding at end of period (000 omitted) 21,606 26,343 25,504 35,043 43,939 31,419 35,498 29,450 12,145 2,238 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.13 $0.81 $1.48 $1.36 $1.19 $1.00 -- -- -- -- Accumulation unit value at end of period $1.37 $1.13 $0.81 $1.48 $1.36 $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 19,331 32,037 45,362 43,555 54,642 4,982 -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $0.80 $0.64 $1.03 $0.99 $0.86 $0.84 $0.77 $0.60 $0.79 $0.91 Accumulation unit value at end of period $0.91 $0.80 $0.64 $1.03 $0.99 $0.86 $0.84 $0.77 $0.60 $0.79 Number of accumulation units outstanding at end of period (000 omitted) 55,090 65,626 73,795 92,416 104,302 122,070 117,372 91,398 65,011 40,575 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $0.99 $0.79 $1.32 $1.34 $1.13 $1.09 $1.00 -- -- -- Accumulation unit value at end of period $1.18 $0.99 $0.79 $1.32 $1.34 $1.13 $1.09 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,063 3,736 2,900 4,152 4,707 3,594 2,030 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.39 $1.01 $1.65 $1.74 $1.58 $1.52 $1.29 $0.88 $1.07 $1.16 Accumulation unit value at end of period $1.75 $1.39 $1.01 $1.65 $1.74 $1.58 $1.52 $1.29 $0.88 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 12,744 15,189 18,734 28,329 38,372 46,718 51,057 39,709 29,341 24,346 ---------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.30 $1.24 $1.29 $1.24 $1.20 $1.20 $1.20 $1.19 $1.13 $1.08 Accumulation unit value at end of period $1.33 $1.30 $1.24 $1.29 $1.24 $1.20 $1.20 $1.20 $1.19 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 78,228 88,306 108,778 104,637 108,222 121,249 130,386 135,202 116,147 56,966 ---------------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.74 $1.13 $0.97 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.88 $0.74 $1.13 $0.97 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26,305 26,662 22,011 12,631 26,224 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - U.S. EQUITY FLEX I PORTFOLIO (10/02/2009) Accumulation unit value at beginning of period $1.08 $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 $1.08 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,454 4,478 -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,789 5,500 3,115 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 57
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.97 $0.84 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16,204 12,467 7,436 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.91 $0.76 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 30,491 26,565 15,034 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15,429 15,191 9,299 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.94 $0.79 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.94 $0.79 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15,804 16,602 8,524 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.07 $0.75 $1.04 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.15 $1.07 $0.75 $1.04 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 56,862 105,964 79,727 71,987 59,159 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.91 $0.68 $1.20 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.06 $0.91 $0.68 $1.20 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 120,336 167,696 237,020 166,815 127,364 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS (09/15/1999) Accumulation unit value at beginning of period $0.91 $0.73 $1.26 $1.14 $1.01 $0.95 $0.91 $0.74 $0.90 $1.00 Accumulation unit value at end of period $1.04 $0.91 $0.73 $1.26 $1.14 $1.01 $0.95 $0.91 $0.74 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 32,463 43,167 55,844 75,513 89,221 108,101 127,378 125,390 117,223 119,736 ---------------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS (09/15/1999) Accumulation unit value at beginning of period $2.95 $2.13 $3.56 $3.11 $2.79 $2.38 $1.93 $1.40 $1.57 $1.64 Accumulation unit value at end of period $3.77 $2.95 $2.13 $3.56 $3.11 $2.79 $2.38 $1.93 $1.40 $1.57 Number of accumulation units outstanding at end of period (000 omitted) 22,725 32,282 41,030 52,936 63,504 70,537 72,884 69,808 68,203 67,132 ---------------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS (09/15/1999) Accumulation unit value at beginning of period $1.07 $0.86 $1.54 $1.33 $1.14 $0.96 $0.86 $0.60 $0.77 $0.98 Accumulation unit value at end of period $1.20 $1.07 $0.86 $1.54 $1.33 $1.14 $0.96 $0.86 $0.60 $0.77 Number of accumulation units outstanding at end of period (000 omitted) 14,044 19,097 24,686 32,307 37,262 40,363 43,553 34,462 33,063 32,758 ---------------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $1.68 $1.42 $2.49 $3.18 $2.66 $2.37 $1.81 $1.35 $1.33 $1.25 Accumulation unit value at end of period $2.01 $1.68 $1.42 $2.49 $3.18 $2.66 $2.37 $1.81 $1.35 $1.33 Number of accumulation units outstanding at end of period (000 omitted) 25,510 31,073 39,491 59,503 81,589 88,911 80,587 63,047 44,591 19,803 ---------------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $1.98 $1.55 $2.34 $2.42 $2.09 $1.94 $1.58 $1.21 $1.34 $1.19 Accumulation unit value at end of period $2.52 $1.98 $1.55 $2.34 $2.42 $2.09 $1.94 $1.58 $1.21 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 22,799 28,730 36,256 46,935 55,078 55,521 44,541 34,639 23,553 9,584 ---------------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $2.21 $1.68 $2.69 $2.63 $2.29 $2.05 $1.64 $1.29 $1.37 $1.23 Accumulation unit value at end of period $2.74 $2.21 $1.68 $2.69 $2.63 $2.29 $2.05 $1.64 $1.29 $1.37 Number of accumulation units outstanding at end of period (000 omitted) 41,459 51,883 65,990 96,413 112,452 117,932 84,473 65,106 47,539 24,711 ---------------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED SMALL CAP EQUITY FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $1.32 $1.05 $1.60 $1.94 $1.74 $1.66 $1.44 $1.00 $1.18 $1.14 Accumulation unit value at end of period $1.71 $1.32 $1.05 $1.60 $1.94 $1.74 $1.66 $1.44 $1.00 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 3,152 3,988 5,064 7,429 9,981 12,490 14,537 16,300 17,792 18,974 ---------------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $0.84 $0.70 $1.12 $1.15 $1.02 $0.97 $0.85 $0.67 $0.86 $0.99 Accumulation unit value at end of period $0.93 $0.84 $0.70 $1.12 $1.15 $1.02 $0.97 $0.85 $0.67 $0.86 Number of accumulation units outstanding at end of period (000 omitted) 57,775 70,758 87,685 126,734 160,736 168,697 108,140 80,350 75,489 71,185 ----------------------------------------------------------------------------------------------------------------------------------
58 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES I SHARES (09/15/1999) Accumulation unit value at beginning of period $0.77 $0.64 $1.13 $1.02 $0.96 $0.89 $0.85 $0.66 $0.88 $1.16 Accumulation unit value at end of period $0.88 $0.77 $0.64 $1.13 $1.02 $0.96 $0.89 $0.85 $0.66 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 10,585 14,514 19,004 26,499 33,759 37,608 41,803 44,130 48,704 55,044 ---------------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES I SHARES (09/15/1999) Accumulation unit value at beginning of period $1.52 $1.07 $2.05 $1.86 $1.62 $1.49 $1.30 $0.97 $1.25 $1.37 Accumulation unit value at end of period $1.78 $1.52 $1.07 $2.05 $1.86 $1.62 $1.49 $1.30 $0.97 $1.25 Number of accumulation units outstanding at end of period (000 omitted) 4,630 6,328 8,402 11,661 14,226 16,359 19,515 20,889 23,015 25,531 ---------------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.01 $0.80 $1.13 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.05 $1.01 $0.80 $1.13 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,675 5,414 5,240 3,964 15,226 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.23 $0.92 $1.57 $1.38 $1.09 $1.00 -- -- -- -- Accumulation unit value at end of period $1.38 $1.23 $0.92 $1.57 $1.38 $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 24,477 76,801 53,711 23,729 1,198 107 -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.07 $0.84 $1.32 $1.36 $1.18 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.22 $1.07 $0.84 $1.32 $1.36 $1.18 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 51,081 95,224 120,656 113,380 130,395 96,755 18,714 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES ENTERPRISE PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $0.57 $0.40 $0.72 $0.59 $0.53 $0.48 $0.40 $0.30 $0.42 $0.70 Accumulation unit value at end of period $0.71 $0.57 $0.40 $0.72 $0.59 $0.53 $0.48 $0.40 $0.30 $0.42 Number of accumulation units outstanding at end of period (000 omitted) 9,504 12,181 15,191 18,083 20,670 24,803 30,043 36,658 42,883 51,500 ---------------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES GLOBAL TECHNOLOGY PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $0.44 $0.28 $0.51 $0.42 $0.40 $0.36 $0.36 $0.25 $0.42 $0.68 Accumulation unit value at end of period $0.54 $0.44 $0.28 $0.51 $0.42 $0.40 $0.36 $0.36 $0.25 $0.42 Number of accumulation units outstanding at end of period (000 omitted) 16,131 19,312 16,671 19,559 22,668 24,131 27,479 30,159 31,354 34,050 ---------------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.96 $0.85 $0.63 $1.06 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18,753 168,562 128,192 72,177 -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES OVERSEAS PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $1.41 $0.80 $1.68 $1.33 $0.91 $0.70 $0.59 $0.45 $0.61 $0.80 Accumulation unit value at end of period $1.75 $1.41 $0.80 $1.68 $1.33 $0.91 $0.70 $0.59 $0.45 $0.61 Number of accumulation units outstanding at end of period (000 omitted) 39,710 46,612 54,116 64,174 61,879 59,325 61,390 68,389 74,111 64,147 ---------------------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.66 $0.48 $0.76 $0.69 $0.65 $0.63 $0.59 $0.48 $0.67 $0.90 Accumulation unit value at end of period $0.73 $0.66 $0.48 $0.76 $0.69 $0.65 $0.63 $0.59 $0.48 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 35,505 44,235 44,360 58,819 73,300 84,506 78,223 74,564 62,663 51,051 ---------------------------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.96 $0.60 $0.99 $0.98 $0.88 $0.84 $0.80 $0.61 $0.90 $0.96 Accumulation unit value at end of period $1.29 $0.96 $0.60 $0.99 $0.98 $0.88 $0.84 $0.80 $0.61 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 17,906 20,432 22,831 31,915 38,120 48,503 60,214 61,988 53,383 36,822 ---------------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (08/13/2001) Accumulation unit value at beginning of period $1.80 $1.37 $2.22 $1.76 $1.36 $1.18 $0.91 $0.68 $0.89 $1.00 Accumulation unit value at end of period $2.03 $1.80 $1.37 $2.22 $1.76 $1.36 $1.18 $0.91 $0.68 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 30,235 35,891 43,832 51,479 45,869 35,163 18,264 12,519 7,093 2,778 ---------------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.86 $0.61 $1.11 $1.22 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.86 $0.61 $1.11 $1.22 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16,073 38,794 50,326 29,814 27,318 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.98 $0.63 $1.20 $0.99 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.29 $0.98 $0.63 $1.20 $0.99 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,306 12,049 11,266 9,199 17,529 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.75 $0.57 $1.07 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.91 $0.75 $0.57 $1.07 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,093 40,525 41,079 30,611 26,517 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 59
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.30 $0.94 $1.59 $1.51 $1.30 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.49 $1.30 $0.94 $1.59 $1.51 $1.30 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18,638 21,263 24,950 32,187 34,962 20,721 6,121 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.24 $1.06 $1.25 $1.15 $1.08 $1.07 $1.00 -- -- -- Accumulation unit value at end of period $1.41 $1.24 $1.06 $1.25 $1.15 $1.08 $1.07 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 193,872 350,910 395,298 360,480 226,000 94,657 11,924 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.16 $0.85 $1.39 $1.42 $1.25 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.41 $1.16 $0.85 $1.39 $1.42 $1.25 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,889 15,634 18,861 23,107 22,606 12,037 4,085 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.12 $0.93 $1.12 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.25 $1.12 $0.93 $1.12 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 49,921 127,629 131,661 82,318 76,067 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,503 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- ROYCE CAPITAL FUND - MICRO-CAP PORTFOLIO, INVESTMENT CLASS (09/15/1999) Accumulation unit value at beginning of period $3.00 $1.92 $3.41 $3.32 $2.76 $2.50 $2.22 $1.50 $1.74 $1.35 Accumulation unit value at end of period $3.87 $3.00 $1.92 $3.41 $3.32 $2.76 $2.50 $2.22 $1.50 $1.74 Number of accumulation units outstanding at end of period (000 omitted) 7,434 9,775 11,919 16,534 20,055 22,867 27,132 27,838 27,063 23,583 ---------------------------------------------------------------------------------------------------------------------------------- THIRD AVENUE VALUE PORTFOLIO (09/21/1999) Accumulation unit value at beginning of period $2.48 $1.72 $3.08 $3.27 $2.85 $2.51 $2.12 $1.50 $1.69 $1.50 Accumulation unit value at end of period $2.80 $2.48 $1.72 $3.08 $3.27 $2.85 $2.51 $2.12 $1.50 $1.69 Number of accumulation units outstanding at end of period (000 omitted) 8,717 12,094 15,600 23,616 28,313 32,580 33,905 34,897 35,110 31,848 ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 45,018 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 123,203 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39,107 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 129,583 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.68 $1.11 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.88 $0.68 $1.11 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,490 163,841 98,708 55,721 57,963 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.14 $0.84 $1.34 $1.28 $1.12 $1.12 $1.00 -- -- -- Accumulation unit value at end of period $1.38 $1.14 $0.84 $1.34 $1.28 $1.12 $1.12 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,760 3,165 3,807 5,203 5,724 5,777 2,540 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 372,331 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 951,448 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------
60 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 199,756 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 514,222 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 125,196 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 335,424 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (08/14/2001) Accumulation unit value at beginning of period $1.63 $1.21 $1.78 $1.89 $1.59 $1.51 $1.27 $0.93 $1.07 $1.00 Accumulation unit value at end of period $2.01 $1.63 $1.21 $1.78 $1.89 $1.59 $1.51 $1.27 $0.93 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 26,229 81,111 85,345 79,474 69,587 72,463 57,581 44,918 28,099 6,314 ---------------------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (09/15/1999) Accumulation unit value at beginning of period $2.06 $1.39 $2.58 $2.24 $1.65 $1.37 $1.06 $0.72 $0.84 $1.08 Accumulation unit value at end of period $2.55 $2.06 $1.39 $2.58 $2.24 $1.65 $1.37 $1.06 $0.72 $0.84 Number of accumulation units outstanding at end of period (000 omitted) 50,298 80,522 88,899 108,613 122,718 114,381 79,981 56,466 42,309 30,297 ---------------------------------------------------------------------------------------------------------------------------------- WANGER USA (09/15/1999) Accumulation unit value at beginning of period $1.64 $1.16 $1.94 $1.86 $1.74 $1.58 $1.35 $0.95 $1.15 $1.05 Accumulation unit value at end of period $2.00 $1.64 $1.16 $1.94 $1.86 $1.74 $1.58 $1.35 $0.95 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 67,604 100,879 117,299 145,262 164,257 169,886 140,320 108,046 72,853 46,456 ---------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INDEX ASSET ALLOCATION FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.08 $0.95 $1.35 $1.26 $1.14 $1.09 $1.01 $0.84 $0.97 $1.00 Accumulation unit value at end of period $1.21 $1.08 $0.95 $1.35 $1.26 $1.14 $1.09 $1.01 $0.84 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 11,303 15,303 19,992 28,981 29,215 32,466 31,201 22,278 11,859 3,224 ---------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.20 $1.05 $1.82 $1.60 $1.31 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.39 $1.20 $1.05 $1.82 $1.60 $1.31 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15,532 69,836 8,283 11,475 12,674 9,815 2,086 -- -- -- ---------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.16 $0.76 $1.32 $1.17 $0.96 $0.91 $0.81 $0.58 $0.94 $1.00 Accumulation unit value at end of period $1.45 $1.16 $0.76 $1.32 $1.17 $0.96 $0.91 $0.81 $0.58 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 18,266 20,853 19,000 23,653 17,655 14,334 16,103 13,800 7,655 2,230 ----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS 61 TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION Calculating Annuity Payouts.............. p. 3 Rating Agencies.......................... p. 4 Revenues Received During Calendar Year 2010................................... p. 4 Principal Underwriter.................... p. 5 Independent Registered Public Accounting Firm................................... p. 5 Financial Statements
62 RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY -- PROSPECTUS THIS PAGE LEFT BLANK INTENTIONALLY THIS PAGE LEFT BLANK INTENTIONALLY THIS PAGE LEFT BLANK INTENTIONALLY THIS PAGE LEFT BLANK INTENTIONALLY THIS PAGE LEFT BLANK INTENTIONALLY THIS PAGE LEFT BLANK INTENTIONALLY (RIVERSOURCE ANNUITIES LOGO) RiverSource Life Insurance Company 70100 Ameriprise Financial Center Minneapolis, MN 55474 1 (800) 862-7919 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. (C) 2008-2011 RiverSource Life Insurance Company. All rights reserved. S-6467 R (4/11) PROSPECTUS APRIL 29, 2011 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE(R) VARIABLE ANNUITY RIVERSOURCE RETIREMENT ADVISOR SELECT(R) VARIABLE ANNUITY INDIVIDUAL FLEXIBLE PREMIUM DEFERRED COMBINATION FIXED/VARIABLE ANNUITIES New contracts are not currently being offered. ISSUED BY: RIVERSOURCE LIFE INSURANCE COMPANY (RIVERSOURCE LIFE) 70100 Ameriprise Financial Center Minneapolis, MN 55474 Telephone: (800) 862-7919 ameriprise.com/variableannuities RIVERSOURCE VARIABLE ACCOUNT 10 This prospectus contains information that you should know before investing in the RiverSource Retirement Advisor Advantage Variable Annuity (RAVA Advantage) or the RiverSource Retirement Advisor Select Variable Annuity (RAVA Select). Prospectuses are also available for: - AllianceBernstein Variable Products Series Fund, Inc. - American Century Variable Portfolios, Inc. - Calvert Variable Series, Inc. - Columbia Funds Variable Insurance Trust - Columbia Funds Variable Series Trust II (previously RiverSource Variable Series Trust) - Credit Suisse Trust - Eaton Vance Variable Trust - Fidelity(R) Variable Insurance Products - Service Class 2 - Franklin(R) Templeton(R) Variable Insurance Products Trust (FTVIPT) - Class 2 - Goldman Sachs Variable Insurance Trust (VIT) - Invesco Variable Insurance Funds - Janus Aspen Series: Service Shares - MFS(R) Variable Insurance Trust(SM) - Morgan Stanley Universal Investment Funds (UIF) - Neuberger Berman Advisers Management Trust - Oppenheimer Variable Account Funds - Service Shares - PIMCO Variable Insurance Trust (VIT) - Putnam Variable Trust - Class IB Shares - Wanger Advisors Trust - Wells Fargo Variable Trust Please read the prospectuses carefully and keep them for future reference. The contracts provide for purchase payment credits which we may reverse under certain circumstances. Expenses and surrender charges from contracts with purchase payment credits may be higher than those for contracts without such credits. The amount of the credit may be more than offset by additional charges associated with the credit. THE SECURITIES AND EXCHANGE COMMISSION (SEC) HAS NOT APPROVED OR DISAPPROVED THESE SECURITIES OR PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. AN INVESTMENT IN THIS CONTRACT IS NOT A DEPOSIT OF A BANK OR FINANCIAL INSTITUTION AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY OTHER GOVERNMENT AGENCY. AN INVESTMENT IN THIS CONTRACT INVOLVES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. A Statement of Additional Information (SAI), dated the same date as this prospectus, is incorporated by reference into this prospectus. It is filed with the SEC and is available without charge by contacting RiverSource Life at the telephone number and address listed above. The table of contents of the SAI is on the last page of this prospectus. The SEC maintains an Internet site. This prospectus, the SAI and other information about the product are available on the EDGAR Database on the SEC's Internet site at (http://www.sec.gov). Variable annuities are insurance products that are complex investment vehicles. Be sure to ask your financial advisor about the variable annuities' features, benefits, risks and fees, and whether the variable annuity is appropriate for you, based upon your financial situation and objectives. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 1 This prospectus provides a general description of the contract. Your actual contract and any riders or endorsements are the controlling documents. RiverSource Life has not authorized any person to give any information or to make any representations regarding the contract other than those contained in this prospectus or the fund prospectuses. Do not rely on any such information or representations. RiverSource Life offers several different annuities which your financial advisor may or may not be authorized to offer to 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, surrender charge schedules and access to annuity account values. The fees and charges may also be different between each annuity. TABLE OF CONTENTS KEY TERMS.............................................. 3 THE CONTRACT IN BRIEF.................................. 5 EXPENSE SUMMARY........................................ 7 CONDENSED FINANCIAL INFORMATION........................ 15 FINANCIAL STATEMENTS................................... 15 THE VARIABLE ACCOUNT AND THE FUNDS..................... 15 THE FIXED ACCOUNT...................................... 26 BUYING YOUR CONTRACT................................... 27 CHARGES................................................ 29 VALUING YOUR INVESTMENT................................ 34 MAKING THE MOST OF YOUR CONTRACT....................... 35 SURRENDERS............................................. 41 TSA -- SPECIAL PROVISIONS.............................. 42 CHANGING OWNERSHIP..................................... 43 BENEFITS IN CASE OF DEATH -- STANDARD DEATH BENEFIT.... 43 OPTIONAL BENEFITS...................................... 45 THE ANNUITY PAYOUT PERIOD.............................. 49 TAXES.................................................. 50 VOTING RIGHTS.......................................... 54 SUBSTITUTION OF INVESTMENTS............................ 54 ABOUT THE SERVICE PROVIDERS............................ 55 APPENDIX A: EXAMPLE -- SURRENDER CHARGES............... 58 APPENDIX B: EXAMPLE -- OPTIONAL BENEFITS............... 59 APPENDIX C: CONDENSED FINANCIAL INFORMATION (UNAUDITED).......................................... 63 TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION.................. 88
2 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS KEY TERMS These terms can help you understand details about your contract. ACCUMULATION UNIT: A measure of the value of each subaccount before annuity payouts begin. ANNUITANT: The person or persons on whose life or life expectancy the annuity payouts are based. ANNUITY PAYOUTS: An amount paid at regular intervals under one of several plans. ASSUMED INVESTMENT RATE: The rate of return we assume your investments will earn when we calculate your initial annuity payout amount using the annuity table in your contract. The standard assumed investment rate we use is 5% but you may request we substitute an assumed investment rate of 3.5%. BENEFICIARY: The person you designate to receive benefits in case of the owner's or annuitant's death while the contract is in force. CLOSE OF BUSINESS: The time the New York Stock Exchange (NYSE) closes (4 p.m. Eastern time unless the NYSE closes earlier). CODE: The Internal Revenue Code of 1986, as amended. CONTRACT: A deferred annuity contract that permits you to accumulate money for retirement by making one or more purchase payments. It provides for lifetime or other forms of payouts beginning at a specified time in the future. CONTRACT VALUE: The total value of your contract before we deduct any applicable charges. CONTRACT YEAR: A period of 12 months, starting on the effective date of your contract and on each anniversary of the effective date. ENHANCED EARNINGS DEATH BENEFIT (EEB) AND ENHANCED EARNINGS PLUS DEATH BENEFIT (EEP): These are optional benefits you can add to your contract for an additional charge. Each is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. You can elect to purchase either the EEB or the EEP. FIXED ACCOUNT: An account to which you may allocate purchase payments. Amounts you allocate to this account earn interest at rates that we declare periodically. FUNDS: Investment options under your contract. Unless an asset allocation program is in effect, you may allocate your purchase payments into subaccounts investing in shares of any or all of these funds. GOOD ORDER: We cannot process your transaction request relating to the contract until we have received the request in good order at our corporate office. "Good order" means the actual receipt of the requested transaction in writing, along with all information and supporting legal documentation necessary to effect the transaction. This information and documentation generally includes your completed request; the contract number; the transaction amount (in dollars); the names of and allocations to and/or from the subaccounts and the fixed account affected by the requested transaction; the signatures of all contracts owners, exactly as registered on the contract, if necessary; Social Security Number or Taxpayer Identification Number; and any other information or supporting documentation that we may require. With respect to purchase requests, "good order" also generally includes receipt of sufficient payment by us to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in good order, and we reserve the right to change or waive any good order requirements at any time. MAXIMUM ANNIVERSARY VALUE DEATH BENEFIT (MAV): This is an optional benefit you can add to your contract for an additional charge that is intended to provide additional death benefit protection in the event of fluctuating fund values. OWNER (YOU, YOUR): The person or persons identified in the contract as owner(s) of the contract, who has or have the right to control the contract (to decide on investment allocations, transfers, payout options, etc.). Usually, but not always, the owner is also the annuitant. The owner is responsible for taxes, regardless of whether he or she receives the contract's benefits. When the contract is owned by a revocable trust, the annuitant selected should be the grantor of the trust to qualify for income tax deferral. PURCHASE PAYMENT CREDITS: An addition we make to your contract value. We base the amount of the credit on the surrender charge schedule you elect and/or total purchase payments. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 3 QUALIFIED ANNUITY: A contract that you purchase to fund one of the following tax-deferred retirement plans that is subject to applicable federal law and any rules of the plan itself: - Individual Retirement Annuities (IRAs) including inherited IRAs under Section 408(b) of the Code - Roth IRAs under including inherited Roth IRAs Section 408A of the Code - SIMPLE IRAs under Section 408(p) of the Code - Simplified Employee Pension IRA (SEP) plans under Section 408(k) of the Code - Plans under Section 401(k) of the Code - Custodial and investment only accounts maintained for qualified retirement plans under Section 401(a) of the Code - Tax-Sheltered Annuities (TSAs) under Section 403(b) of the Code A qualified annuity will not provide any necessary or additional tax deferral if it is used to fund a retirement plan that is already tax-deferred. All other contracts are considered NONQUALIFIED ANNUITIES. RIDER: You receive a rider when you purchase the EEB, EEP, MAV and/or PN. Beginning May 10, 2010, the PN rider is not required to select the PN program. The rider adds the terms of the optional benefit to your contract. RIDER EFFECTIVE DATE: The date a rider becomes effective as stated in the rider. RIVERSOURCE LIFE: In this prospectus, "we," "us," "our" and "RiverSource Life" refer to RiverSource Life Insurance Company. SETTLEMENT DATE: The date when annuity payouts are scheduled to begin. SURRENDER VALUE: The amount you are entitled to receive if you make a full surrender from your contract. It is the contract value minus any applicable charges. VALUATION DATE: Any normal business day, Monday through Friday, on which the NYSE is open, up to the close of business. At the close of business, the next valuation date begins. We calculate the accumulation unit value of each subaccount on each valuation date. If we receive your purchase payment or any transaction request (such as a transfer or surrender request) in good order at our corporate office before the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the valuation date we received your payment or transaction request. On the other hand, if we receive your purchase payment or transaction request in good order at our corporate office at or after the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the next valuation date. If you make a transaction request by telephone (including by fax), you must have completed your transaction by the close of business in order for us to process it using the accumulation unit value we calculate on that valuation date. If you were not able to complete your transaction before the close of business for any reason, including telephone service interruptions or delays due to high call volume, we will process your transaction using the accumulation unit value we calculate on the next valuation date. VARIABLE ACCOUNT: Consists of separate subaccounts to which you may allocate purchase payments; each invests in shares of one fund. The value of your investment in each subaccount changes with the performance of the particular fund. 4 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS THE CONTRACT IN BRIEF This prospectus describes two contracts. RAVA Advantage offers a choice of a seven-year or a ten-year surrender charge schedule and relatively lower expenses. RAVA Select offers a three-year surrender charge schedule and relatively higher expenses. The information in this prospectus applies to both contracts unless stated otherwise. PURPOSE: The purpose of each contract is to allow you to accumulate money for retirement or a similar long-term goal. You do this by making one or more purchase payments. You may allocate your purchase payments to the fixed accounts and/or subaccounts under the contract; however, you risk losing amounts you invest in the subaccounts of the variable account. These accounts, in turn, may earn returns that increase the value of the contract. Beginning at a specified time in the future called the settlement date, the contract provides lifetime or other forms of payouts of your contract value (less any applicable premium tax). It may not be advantageous for you to purchase this contract in exchange for, or in addition to, an existing annuity or life insurance policy. Generally, you can exchange one annuity for another or for a long-term care policy in a "tax-free" exchange under Section 1035 of the Code. You also generally can exchange a life insurance policy for an annuity. However, before making an exchange, you should compare both contracts carefully because the features and benefits may be different. Fees and charges may be higher or lower on your old contract than on this contract. You may have to pay a surrender charge when you exchange out of your old contract and a new surrender charge period will begin when you exchange into this contract. If the exchange does not qualify for Section 1035 treatment, you also may have to pay federal income tax on the exchange. State income taxes may also apply. You should not exchange your old contract for this contract, or buy this contract in addition to your old contract, unless you determine it is in your best interest. TAX-DEFERRED RETIREMENT PLANS: Most annuities have a tax-deferred feature. So do many retirement plans under the Code. As a result, when you use a qualified annuity to fund a retirement plan that is tax-deferred, your contract will not provide any necessary or additional tax deferral for that retirement plan. A qualified annuity has features other than tax deferral that may help you reach your retirement goals. In addition, the Code subjects retirement plans to required withdrawals triggered at a certain age. These mandatory withdrawals are called required minimum distributions (RMDs). RMDs may reduce the value of certain death benefits and optional riders (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). You should consult your tax advisor before you purchase the contract as a qualified annuity for an explanation of the potential tax implications to you. ACCOUNTS: Generally, you may allocate your purchase payments among any or all of: - the subaccounts of the variable account, each of which invests in a fund with a particular investment objective. The value of each subaccount varies with the performance of the particular fund in which it invests. We cannot guarantee that the value at the settlement date will equal or exceed the total purchase payments you allocate to the subaccounts. (see "The Variable Account and the Funds") - the fixed account, which earns interest at a rate that we adjust periodically. Purchase payment allocations to the fixed account may be subject to special restrictions. (see "The Fixed Account") BUYING YOUR CONTRACT: We no longer offer new contracts. However, you have the option of making additional purchase payments in the future. (see "Buying Your Contract") TRANSFERS: Subject to certain restrictions, you currently may redistribute your contract value among the accounts until annuity payouts begin, and once per contract year among the subaccounts after annuity payouts begin. You may establish automated transfers among the accounts. Fixed account transfers are subject to special restrictions. (see "Making the Most of Your Contract -- Transferring Among Accounts") SURRENDERS: You may surrender all or part of your contract value at any time before the settlement date. You also may establish automated partial surrenders. Surrenders may be subject to charges and income taxes (including an IRS penalty if you surrender prior to your reaching age 59 1/2) and may have other tax consequences; also, certain restrictions apply. (see "Surrenders") BENEFITS IN CASE OF DEATH: If you or the annuitant die before annuity payouts begin, we will pay the beneficiary an amount at least equal to the contract value, except in the case of a purchase payment credit reversal. (see "Benefits in Case of Death -- Standard Death Benefit") OPTIONAL BENEFITS: These contracts offer optional features that are available for additional charges if you meet certain criteria. (see "Optional Benefits") RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 5 ANNUITY PAYOUTS: You can apply your contract value, after reflecting any adjustments, to an annuity payout plan that begins on the settlement date. You may choose from a variety of plans to make sure that payouts continue as long as you like. If you purchased a qualified annuity, the payout schedule must meet IRS requirements. We can make payouts on a fixed or variable basis, or both. Total monthly payouts may include amounts from each subaccount and the fixed account. During the annuity payout period, you cannot be invested in more than five subaccounts at any one time unless we agree otherwise. (see "The Annuity Payout Period") TAXES: Generally, income earned on your contract value grows tax-deferred until you surrender it or begin to receive payouts. (Under certain circumstances, IRS penalty taxes may apply.) The tax treatment of qualified and nonqualified annuities differs. Even if you direct payouts to someone else, you will be taxed on the income if you are the owner. However, Roth IRAs may grow and be distributed tax free if you meet certain distribution requirements. (see "Taxes") 6 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS EXPENSE SUMMARY THE FOLLOWING TABLES DESCRIBE THE FEES AND EXPENSES THAT ARE PAID WHEN BUYING, OWNING AND SURRENDERING THE CONTRACT. THE FIRST TABLE DESCRIBES THE FEES AND EXPENSES THAT YOU PAID AT THE TIME THAT YOU BOUGHT THE CONTRACT AND MAY PAY WHEN YOU SURRENDER THE CONTRACT. STATE PREMIUM TAXES ALSO MAY BE DEDUCTED. CONTRACT OWNER TRANSACTION EXPENSES SURRENDER CHARGE FOR RAVA ADVANTAGE (Contingent deferred sales load as a percentage of purchase payment surrendered) You select either a seven-year or ten-year surrender charge schedule at the time of application.*
SEVEN-YEAR SCHEDULE TEN-YEAR SCHEDULE* NUMBER OF NUMBER OF COMPLETED YEARS COMPLETED YEARS FROM DATE OF EACH SURRENDER CHARGE FROM DATE OF EACH SURRENDER CHARGE PURCHASE PAYMENT PERCENTAGE PURCHASE PAYMENT PERCENTAGE 0 7% 0 8% 1 7 1 8 2 7 2 8 3 6 3 7 4 5 4 7 5 4 5 6 6 2 6 5 7 0 7 4 8 3 9 2 10 0
* The ten-year surrender charge schedule is not available for contracts issued in Oregon. For contracts issued in Massachusetts, Oregon and Washington, surrender charges are waived after the tenth contract anniversary for all payments regardless of when payments are made. SURRENDER CHARGE FOR RAVA SELECT AND TEXAS CONTRACTS ISSUED PRIOR TO 11/7/2002 (Contingent deferred sales load as a percentage of purchase payment surrendered)
YEARS FROM SURRENDER CHARGE CONTRACT DATE PERCENTAGE 1 7% 2 7 3 7 Thereafter 0
SURRENDER CHARGE FOR RAVA SELECT IN TEXAS CONTRACTS ISSUED ON OR AFTER 11/7/2002 (Contingent deferred sales load)
SURRENDER CHARGE PERCENTAGE (AS A PERCENTAGE OF PURCHASE PAYMENTS SURRENDERED) IN CONTRACT YEAR PAYMENTS MADE IN CONTRACT YEAR 1 2 3 THEREAFTER 1 8% 7% 6% 0% 2 8 7 0 3 8 0 Thereafter 0
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 7 SURRENDER CHARGE UNDER ANNUITY PAYOUT PLAN E -- PAYOUTS FOR A SPECIFIED PERIOD: Under this annuity payout plan, you can choose to take a surrender. The amount that you can surrender is the present value of any remaining variable payouts. The surrender charge equals the present value of the remaining payouts using the assumed investment rate minus the present value of the remaining payouts using the discount rate. (See "Charges -- Surrender Charge" and "The Annuity Payout Period -- Annuity Payout Plans.")
ASSUMED INVESTMENT RATE 3.50% 5.00% Qualified annuity discount rate 4.72% 6.22% Nonqualified annuity discount rate 4.92% 6.42%
THE NEXT TABLES DESCRIBE THE FEES AND EXPENSES THAT YOU WILL PAY PERIODICALLY DURING THE TIME THAT YOU OWN THE CONTRACT, NOT INCLUDING FUND FEES AND EXPENSES. ANNUAL CONTRACT ADMINISTRATIVE CHARGE $30
(We will waive this charge when your contract value, or total purchase payments less any payments surrendered, is $50,000 or more on the current contract anniversary, except at full surrender.) OPTIONAL RIDER FEES (As a percentage of the contract value charged annually at the contract anniversary. The fee applies only if you elect the optional rider.) MAV RIDER FEE 0.25%* EEB RIDER FEE 0.30% EEP RIDER FEE 0.40% PN RIDER FEE** 0.00%
* For contracts purchased before May 1, 2003, the MAV rider fee is 0.15%. ** Effective May 10, 2010, the rider is not required to select funds of funds in the PN program and this fee does not apply. Prior to May 10, 2010, the PN rider fee was 0.10% and the maximum fee was 0.20%. ANNUAL VARIABLE ACCOUNT EXPENSES (Total annual variable account expenses as a percentage of average daily subaccount value)
MORTALITY AND EXPENSE RISK FEE: RAVA ADVANTAGE RAVA SELECT For nonqualified annuities 0.95% 1.20% For qualified annuities 0.75% 1.00%
8 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS ANNUAL OPERATING EXPENSES OF THE FUNDS THE NEXT TWO TABLES DESCRIBE THE OPERATING EXPENSES OF THE FUNDS THAT YOU MAY PAY PERIODICALLY DURING THE TIME THAT YOU OWN THE CONTRACT. THESE OPERATING EXPENSES ARE FOR THE FISCAL YEAR ENDED DEC. 31, 2010, UNLESS OTHERWISE NOTED. THE FIRST TABLE SHOWS THE MINIMUM AND MAXIMUM TOTAL OPERATING EXPENSES CHARGED BY THE FUNDS. THE SECOND TABLE SHOWS THE FEES AND EXPENSES CHARGED BY EACH FUND. MORE DETAIL CONCERNING EACH FUND'S FEES AND EXPENSES IS CONTAINED IN THE PROSPECTUS FOR EACH FUND. MINIMUM AND MAXIMUM TOTAL ANNUAL OPERATING EXPENSES FOR THE FUNDS(A) (Including management fee, distribution and/or service (12b-1) fees and other expenses)
MINIMUM MAXIMUM Total expenses before fee waivers and/or expense reimbursements 0.47% 1.67%
(a) Each fund deducts management fees and other expenses from fund assets. Fund assets include amounts you allocate to a particular fund. Funds may also charge 12b-1 fees that are used to finance any activity that is primarily intended to result in the sale of fund shares. Because 12b-1 fees are paid out of fund assets on an on-going basis, you may pay more if you select subaccounts investing in funds that have adopted 12b-1 plans than if you select subaccounts investing in funds that have not adopted 12b-1 plans. The fund or the fund's affiliates may pay us or our affiliates for promoting and supporting the offer, sale and servicing of fund shares. In addition, the fund's distributor and/or investment adviser, transfer agent or their affiliates may pay us or our affiliates for various services we or our affiliates provide. The amount of these payments will vary by fund and may be significant. See "The Variable Account and the Funds" for additional information, including potential conflicts of interest these payments may create. For a more complete description of each fund's fees and expenses and important disclosure regarding payments the fund and/or its affiliates make, please review the fund's prospectus and SAI. TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND UNDERLYING RAVA ADVANTAGE AND RAVA SELECT* (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12b-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES AllianceBernstein VPS Global Thematic Growth Portfolio 0.75% 0.25% 0.24% --% 1.24% (Class B) AllianceBernstein VPS Growth and Income Portfolio (Class B) 0.55 0.25 0.08 -- 0.88 AllianceBernstein VPS International Value Portfolio (Class 0.75 0.25 0.10 -- 1.10 B) American Century VP International, Class II 1.26 0.25 0.01 0.01 1.53 American Century VP Mid Cap Value, Class II 0.90 0.25 0.01 -- 1.16 American Century VP Ultra(R), Class II 0.90 0.25 0.01 -- 1.16 American Century VP Value, Class II 0.87 0.25 -- -- 1.12 Calvert Variable Series, Inc. VP SRI Balanced Portfolio 0.70 -- 0.21 -- 0.91 Columbia Variable Portfolio - Balanced Fund (Class 3) 0.64 0.13 0.17 -- 0.94(1),(2) Columbia Variable Portfolio - Cash Management Fund (Class 0.33 0.13 0.17 -- 0.63(2) 3) Columbia Variable Portfolio - Diversified Bond Fund (Class 0.41 0.13 0.16 -- 0.70(1) 3) Columbia Variable Portfolio - Diversified Equity Income 0.56 0.13 0.14 -- 0.83(1) Fund (Class 3) Columbia Variable Portfolio - Dynamic Equity Fund (Class 3) 0.66 0.13 0.17 0.01 0.97(1),(2) Columbia Variable Portfolio - Emerging Markets Opportunity 1.07 0.13 0.28 -- 1.48(1) Fund (Class 3) Columbia Variable Portfolio - Global Bond Fund (Class 3) 0.55 0.13 0.18 -- 0.86(1) Columbia Variable Portfolio - Global Inflation Protected 0.42 0.13 0.15 -- 0.70 Securities Fund (Class 3) Columbia Variable Portfolio - High Yield Bond Fund (Class 0.58 0.13 0.17 -- 0.88(1) 3) Columbia Variable Portfolio - Income Opportunities Fund 0.57 0.13 0.15 -- 0.85(1),(2) (Class 3) Columbia Variable Portfolio - International Opportunity 0.79 0.13 0.20 -- 1.12(1) Fund (Class 3) Columbia Variable Portfolio - Large Cap Growth Fund (Class 0.71 0.13 0.18 -- 1.02(1),(2) 3) Columbia Variable Portfolio - Marsico Growth Fund, Class 1 0.91 -- 0.10 -- 1.01(3) Columbia Variable Portfolio - Marsico International 1.02 0.25 0.24 -- 1.51(3) Opportunities Fund, Class 2 Columbia Variable Portfolio - Mid Cap Growth Opportunity 0.76 0.13 0.16 -- 1.05(1) Fund (Class 3) Columbia Variable Portfolio - Mid Cap Value Opportunity 0.76 0.13 0.15 -- 1.04(1),(2) Fund (Class 3) Columbia Variable Portfolio - S&P 500 Index Fund (Class 3) 0.10 0.13 0.24 -- 0.47(1) Columbia Variable Portfolio - Select Large-Cap Value Fund 0.71 0.13 0.33 -- 1.17(1),(2) (Class 3) Columbia Variable Portfolio - Select Smaller-Cap Value Fund 0.79 0.13 0.21 -- 1.13(1),(2) (Class 3)
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 9 TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND UNDERLYING RAVA ADVANTAGE AND RAVA SELECT* (CONTINUED) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12b-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES Columbia Variable Portfolio - Short Duration U.S. 0.36% 0.13% 0.16% --% 0.65%(1) Government Fund (Class 3) Credit Suisse Trust - Commodity Return Strategy Portfolio 0.50 0.25 0.34 -- 1.09(4) Eaton Vance VT Floating-Rate Income Fund 0.57 0.50 0.08 -- 1.15 Fidelity(R) VIP Contrafund(R) Portfolio Service Class 2 0.56 0.25 0.09 -- 0.90 Fidelity(R) VIP Growth & Income Portfolio Service Class 2 0.46 0.25 0.13 -- 0.84 Fidelity(R) VIP Mid Cap Portfolio Service Class 2 0.56 0.25 0.10 -- 0.91 Fidelity(R) VIP Overseas Portfolio Service Class 2 0.71 0.25 0.15 -- 1.11 FTVIPT Franklin Global Real Estate Securities Fund - Class 0.80 0.25 0.31 -- 1.36(5) 2 FTVIPT Franklin Small Cap Value Securities Fund - Class 2 0.51 0.25 0.17 0.01 0.94(6) FTVIPT Mutual Shares Securities Fund - Class 2 0.60 0.25 0.14 -- 0.99 Goldman Sachs VIT Mid Cap Value Fund - Institutional Shares 0.80 -- 0.07 -- 0.87 Goldman Sachs VIT Structured U.S. Equity 0.62 -- 0.08 -- 0.70(7) Fund - Institutional Shares Invesco V.I. Capital Appreciation Fund, Series II Shares 0.62 0.25 0.29 -- 1.16 Invesco V.I. Capital Development Fund, Series I Shares 0.75 -- 0.34 -- 1.09 Invesco V.I. Capital Development Fund, Series II Shares 0.75 0.25 0.34 -- 1.34 Invesco V.I. Dividend Growth Fund, Series I Shares 0.50 -- 0.32 -- 0.82(8) Invesco V.I. Global Health Care Fund, Series II Shares 0.75 0.25 0.37 -- 1.37 Invesco V.I. International Growth Fund, Series II Shares 0.71 0.25 0.33 -- 1.29 Invesco V.I. Technology Fund, Series I Shares 0.75 -- 0.39 -- 1.14 Invesco Van Kampen V.I. Comstock Fund, Series II Shares 0.56 0.25 0.29 -- 1.10(9) Janus Aspen Series Global Technology Portfolio: Service 0.64 0.25 0.24 -- 1.13 Shares Janus Aspen Series Janus Portfolio: Service Shares 0.64 0.25 0.03 -- 0.92 Janus Aspen Series Overseas Portfolio: Service Shares 0.64 0.25 0.04 -- 0.93 MFS(R) Investors Growth Stock Series - Service Class 0.75 0.25 0.12 -- 1.12 MFS(R) New Discovery Series - Service Class 0.90 0.25 0.11 -- 1.26 MFS(R) Utilities Series - Service Class 0.73 0.25 0.08 -- 1.06 Morgan Stanley UIF Global Real Estate Portfolio, Class II 0.85 0.35 0.43 -- 1.63(10) Shares Morgan Stanley UIF Mid Cap Growth Portfolio, Class II 0.75 0.35 0.31 -- 1.41(10) Shares Neuberger Berman Advisers Management Trust International 1.15 0.25 0.25 0.02 1.67(11) Portfolio (Class S) Oppenheimer Global Securities Fund/VA, Service Shares 0.63 0.25 0.13 -- 1.01 Oppenheimer Global Strategic Income Fund/VA, Service Shares 0.60 0.25 0.14 0.04 1.03(12) Oppenheimer Main Street Small- & Mid-Cap Fund(R)/VA, 0.70 0.25 0.15 -- 1.10(13) Service Shares PIMCO VIT All Asset Portfolio, Advisor Share Class 0.43 0.25 -- 0.66 1.34(14) Putnam VT Global Health Care Fund - Class IB Shares 0.63 0.25 0.19 -- 1.07 Putnam VT International Equity Fund - Class IB Shares 0.70 0.25 0.19 -- 1.14 Putnam VT Multi-Cap Growth Fund - Class IB Shares 0.56 0.25 0.19 -- 1.00 Variable Portfolio - Aggressive Portfolio (Class 2) -- 0.25 0.02 0.82 1.09 Variable Portfolio - Aggressive Portfolio (Class 4) -- 0.25 0.02 0.82 1.09(15) Variable Portfolio - Conservative Portfolio (Class 2) -- 0.25 0.03 0.64 0.92 Variable Portfolio - Conservative Portfolio (Class 4) -- 0.25 0.03 0.64 0.92(15) Variable Portfolio - Davis New York Venture Fund (Class 3) 0.70 0.13 0.13 -- 0.96(1),(16) Variable Portfolio - Goldman Sachs Mid Cap Value Fund 0.78 0.13 0.14 -- 1.05(1) (Class 3) Variable Portfolio - Moderate Portfolio (Class 2) -- 0.25 0.02 0.75 1.02 Variable Portfolio - Moderate Portfolio (Class 4) -- 0.25 0.02 0.75 1.02(15)
10 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND UNDERLYING RAVA ADVANTAGE AND RAVA SELECT* (CONTINUED) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12b-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES Variable Portfolio - Moderately Aggressive Portfolio (Class --% 0.25% 0.02% 0.79% 1.06% 2) Variable Portfolio - Moderately Aggressive Portfolio (Class -- 0.25 0.02 0.79 1.06(15) 4) Variable Portfolio - Moderately Conservative Portfolio -- 0.25 0.02 0.69 0.96 (Class 2) Variable Portfolio - Moderately Conservative Portfolio -- 0.25 0.02 0.69 0.96(15) (Class 4) Variable Portfolio - Partners Small Cap Value Fund (Class 0.92 0.13 0.17 0.04 1.26(1),(16) 3) Wanger International 0.86 -- 0.21 -- 1.07(17) Wanger USA 0.86 -- 0.12 -- 0.98(17) Wells Fargo Advantage VT Core Equity Fund - Class 2 0.55 0.25 0.21 0.01 1.02(18) Wells Fargo Advantage VT Index Asset Allocation 0.55 0.25 0.28 -- 1.08(19) Fund - Class 2 Wells Fargo Advantage VT International Equity Fund - Class 0.75 0.25 0.26 0.01 1.27(18) 2 Wells Fargo Advantage VT Opportunity Fund - Class 2 0.65 0.25 0.21 0.01 1.12(19) Wells Fargo Advantage VT Small Cap Growth Fund - Class 2 0.75 0.25 0.20 -- 1.20(18)
*The Funds provided the information on their expenses and we have not independently verified the information. **The previous fund names can be found in "The Variable Account and the Funds" section of the prospectus. ***Includes fees and expenses incurred indirectly by the Fund as a result of its investment in other investment companies (also referred to as acquired funds). (1)Expense ratios have been adjusted to reflect current fees. (2)Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses (other than acquired fund fees and expenses, if any) until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net fund expenses (excluding acquired fund fees and expenses, if any), will not exceed 0.82% for Columbia Variable Portfolio - Balanced Fund (Class 3), 0.58% for Columbia Variable Portfolio - Cash Management Fund (Class 3), 0.86% for Columbia Variable Portfolio - Dynamic Equity Fund (Class 3), 0.83% for Columbia Variable Portfolio - Income Opportunities Fund (Class 3), 0.89% for Columbia Variable Portfolio - Large Cap Growth Fund (Class 3), 1.02% for Columbia Variable Portfolio - Mid Cap Value Opportunity Fund (Class 3), 0.95% for Columbia Variable Portfolio - Select Large-Cap Value Fund (Class 3) and 1.08% for Columbia Variable Portfolio - Select Smaller-Cap Value Fund (Class 3). (3)Other expenses have been restated to reflect contractual changes to the transfer agency fees paid. The Adviser has contractually agreed to bear, through April 30, 2012, a portion of the Fund's expenses so that the Fund's ordinary operating expenses (excluding brokerage commissions, interest, taxes, acquired fund fees and expenses, and extraordinary expenses, but including custodian charges relating to overdrafts, if any), after giving effect to any balance credits from the Fund's custodian, do not exceed the annual rate of 0.91% for Columbia Variable Portfolio - Marsico Growth Fund, Class 1 and 1.45% for Columbia Variable Portfolio - Marsico International Opportunities Fund, Class 2 of the Fund's average daily net assets. This expense arrangement may only be modified or amended with approval from all parties to such arrangement, including the Fund and the Adviser. (4)Effective January 1, 2011, Credit Suisse will voluntarily waive fees and reimburse expenses so that the Portfolio's annual expenses will not exceed 1.05% of the Portfolio's average daily net assets. (5)The investment manager and administrator have contractually agreed to waive or limit their respective fees so that the increase in investment management and fund administration fees paid by the Fund is phased in over a five year period, starting on May 1, 2007, with there being no increase in the rate of such fees for the first year ended April 30, 2008. For each of four years thereafter through April 30, 2012, the investment manager and administrator will receive one-fifth of the increase in the rate of fees. After fee reductions, net expenses would be 1.25%. (6)The manager and administrator have agreed in advance to reduce their fees as a result of the Fund's investment in a Franklin Templeton money market fund. This reduction will continue until at least April 30, 2012. After fee reductions, net expenses would be 0.93%. (7)The Investment Adviser has voluntarily agreed to reduce or limit other expenses (excluding management fees, distribution and service fees, transfer agent fees and expenses, taxes, interest, brokerage fees and litigation, indemnification, shareholder meetings and other extraordinary expenses, exclusive of any custody and transfer agent fee credit reductions) equal on an annualized basis to 0.004% of the Fund's average daily net assets. The expense reductions may be modified or terminated at any time at the option of the Investment Adviser without shareholder approval. (8)Total annual fund operating expenses have been restated and reflect the reorganization of one or more affiliated investment companies into the Fund. In addition, the Adviser has contractually agreed, through at least June 30, 2012, to waive advisory fees and/or reimburse expenses of Series I shares to the extent necessary to limit total annual fund operating expenses after fee waivers and/or expense reimbursements (excluding interest, taxes, dividend expense on short sales, extraordinary or non- routine items and expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement) of Series I shares to 0.67% of average daily net assets. (9)Total annual fund operating expenses have been restated and reflect the reorganization of one or more affiliated investment companies into the Fund. In addition, the Adviser has contractually agreed, through at least June 30, 2012, to waive advisory fees and/or reimburse expenses of Series II shares to the extent necessary to limit total annual fund operating expenses after fee waivers and/or expense reimbursements (excluding interest, taxes, dividend expense on short sales, extraordinary or non- routine items and expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement) of Series II shares to 0.87% of average daily net assets. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 11 (10)The Portfolios' adviser, Morgan Stanley Investment Management Inc. (the "Adviser"), has agreed to reduce its advisory fee and/or reimburse each Portfolio so that total annual portfolio operating expenses, excluding certain investment related expenses (such as foreign country tax expense and interest expense on amounts borrowed) (but including any 12b-1 fee), will not exceed 1.40% for Morgan Stanley UIF Global Real Estate Portfolio, Class II Shares and 1.15% for Morgan Stanley UIF Mid Cap Growth Portfolio, Class II Shares. The fee waivers and/or expense reimbursements are expected to continue until such time as the Fund's Board of Directors acts to discontinue all or a portion of such waivers and/or reimbursements when it deems that such action is appropriate. (11)Neuberger Berman Management LLC ("NBM") has undertaken through Dec. 31, 2014, to waive fees and/or reimburse certain operating expenses, including the compensation of NBM and excluding taxes, interest, extraordinary expenses, brokerage commissions and transaction costs, that exceed, in the aggregate, 2.00% of the average daily net asset value. NBM has also voluntarily committed to reimburse certain expenses for an additional 0.50% per annum of the Portfolio's average daily net assets to maintain the Portfolio's operating expenses at 1.50%. The expense limitation arrangement for the Portfolio is contractual and any excess expenses can be repaid to NBM within three years of the year incurred, provided such recoupment would not cause the Portfolio to exceed its respective limitation. After fee waiver and expense reimbursements, net expenses would be 1.52%. (12)The Manager has agreed to waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund's investments in Oppenheimer Institutional Money Market Fund, Oppenheimer Master Loan Fund, LLC and Oppenheimer Master Event-Linked Bond Fund, LLC. This fee waiver and/or reimbursement may not be amended or withdrawn until one year after the date of the Fund's prospectus. The Manager has also contractually agreed to waive the management fee it receives from the Fund in an amount equal to the management fee it receives from the Subsidiary. This undertaking will continue in effect for so long as the Fund invests in the Subsidiary, and may not be terminated by the Manager unless termination is approved by the Fund's Board of Trustees. (13)The Manager has voluntarily agreed to limit the Fund's total annual operating expenses so that those expenses, as percentages of daily net assets, will not exceed the annual rate of 1.05%. This voluntary expense limitation may not be amended or withdrawn until one year after the date of the Funds' prospectus. (14)PIMCO has contractually agreed, through May 1, 2012, to reduce its advisory fee to the extent that the Underlying PIMCO Fund Expenses attributable to advisory and supervisory and administrative fees exceed 0.64% of the total assets invested in Underlying PIMCO Funds. PIMCO may recoup these waivers in future periods, not exceeding three years, provided total expenses, including such recoupment, do not exceed the annual expense limit. The fee reduction is implemented based on a calculation of Underlying PIMCO fund expenses attributable to advisory and supervisory and administrative fees that is different from the calculation of acquired fund fees and expenses listed in the table above. After fee waivers, net expenses would be 1.305%. (15)Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses for Class 4 shares of the Fund until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net Fund expenses (including acquired fund fees and expenses) will not exceed 0.99% for Variable Portfolio - Aggressive Portfolio (Class 4), 0.86% for Variable Portfolio - Conservative Portfolio (Class 4), 0.94% for Variable Portfolio - Moderate Portfolio (Class 4), 0.98% Variable Portfolio - Moderately Aggressive Portfolio (Class 4) and 0.90% for Variable Portfolio - Moderately Conservative Portfolio (Class 4). (16)Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses (other than acquired fund fees and expenses, if any) until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net fund expenses (excluding acquired fund fees and expenses, if any), will not exceed 0.90% for Variable Portfolio - Davis New York Venture Fund (Class 3) and 1.14% for Variable Portfolio - Partners Small Cap Value Fund (Class 3). (17)The advisor has contractually agreed to cap advisory fees at an annual rate equal to 0.83% for Wanger International and 0.85% for Wanger USA of the Fund's average daily net assets until April 30, 2012. After fee waivers and/or reimbursements, net expenses would be 1.04% for Wanger International and 0.97% for Wanger USA. (18)Expenses have been adjusted from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses. Funds Management has committed through July 18, 2013 to waive fees and/or reimburse expenses to the extent necessary to ensure that the Fund's total annual fund operating expenses after fee waiver, excluding brokerage commissions, interest, taxes, extraordinary expenses, and the expenses of any money market fund or other fund held by the Fund, do not exceed 1.00% for Wells Fargo Advantage VT Core Equity Fund - Class 2, 0.95% for Wells Fargo Advantage VT International Equity Fund - Class 2 and 1.20% for Wells Fargo Advantage VT Small Cap Growth Fund - Class 2. (19)Expenses have been adjusted from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses. Funds Management has committed through April 30, 2012 to waive fees and/or reimburse expenses to the extent necessary to ensure that the Fund's total annual fund operating expenses after fee waiver, excluding brokerage commissions, interest, taxes, extraordinary expenses, and the expenses of any money market fund or other fund held by the Fund, do not exceed 1.00% for Wells Fargo Advantage VT Index Asset Allocation Fund - Class 2 and 1.07% for Wells Fargo Advantage VT Opportunity Fund - Class 2. 12 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS EXAMPLES THESE EXAMPLES ARE INTENDED TO HELP YOU COMPARE THE COST OF INVESTING IN THESE CONTRACTS WITH THE COST OF INVESTING IN OTHER VARIABLE ANNUITY CONTRACTS. THESE COSTS INCLUDE YOUR TRANSACTION EXPENSES, CONTRACT ADMINISTRATIVE CHARGES*, VARIABLE ACCOUNT ANNUAL EXPENSES AND FUND FEES AND EXPENSES. THESE EXAMPLES ASSUME THAT YOU INVEST $10,000 IN THE CONTRACT FOR THE TIME PERIODS INDICATED. THESE EXAMPLES ALSO ASSUME THAT YOUR INVESTMENT HAS A 5% RETURN EACH YEAR. MAXIMUM EXPENSES. These examples assume the most expensive combination of contract features and benefits and the maximum fees and expense of any of the funds. They assume that you select the optional MAV and EEP. Although your actual costs may be lower, based on these assumptions your costs would be:
IF YOU DO NOT SURRENDER YOUR IF YOU SURRENDER YOUR CONTRACT AT CONTRACT OR IF YOU SELECT AN THE END OF THE APPLICABLE TIME ANNUITY PAYOUT PLAN AT THE END OF PERIOD: THE APPLICABLE TIME PERIOD: NONQUALIFIED ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA ADVANTAGE With a ten-year surrender charge schedule $1,165 $1,909 $2,571 $4,063 $365 $1,109 $1,871 $3,863 RAVA ADVANTAGE With a seven-year surrender charge schedule 1,065 1,809 2,371 3,863 365 1,109 1,871 3,863 RAVA SELECT 1,091 1,883 1,993 4,090 391 1,183 1,993 4,090 RAVA SELECT - TEXAS 1,191 1,783 1,993 4,090 391 1,183 1,993 4,090 IF YOU DO NOT SURRENDER YOUR IF YOU SURRENDER YOUR CONTRACT AT CONTRACT OR IF YOU SELECT AN THE END OF THE APPLICABLE TIME ANNUITY PAYOUT PLAN AT THE END OF PERIOD: THE APPLICABLE TIME PERIOD: QUALIFIED ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA ADVANTAGE With a ten-year surrender charge schedule $1,145 $1,849 $2,473 $3,878 $345 $1,049 $1,773 $3,678 RAVA ADVANTAGE With a seven-year surrender charge schedule 1,045 1,749 2,273 3,678 345 1,049 1,773 3,678 RAVA SELECT 1,070 1,824 1,896 3,909 370 1,124 1,896 3,909 RAVA SELECT - TEXAS 1,170 1,724 1,896 3,909 370 1,124 1,896 3,909
MINIMUM EXPENSES. These examples assume the least expensive combination of contract features and benefits and the minimum fees and expenses of any of the funds. They assume that you do not select any optional benefits. Although your actual costs may be higher, based on these assumptions your costs would be:
IF YOU DO NOT SURRENDER YOUR IF YOU SURRENDER YOUR CONTRACT AT CONTRACT OR IF YOU SELECT AN THE END OF THE APPLICABLE TIME ANNUITY PAYOUT PLAN AT THE END OF PERIOD: THE APPLICABLE TIME PERIOD: NONQUALIFIED ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA ADVANTAGE With a ten-year surrender charge schedule $ 976 $1,341 $1,627 $2,189 $176 $541 $ 927 $1,989 RAVA ADVANTAGE With a seven-year surrender charge schedule 876 1,241 1,427 1,989 176 541 927 1,989 RAVA SELECT 901 1,319 1,059 2,263 201 619 1,059 2,263 RAVA SELECT - TEXAS 1,001 1,219 1,059 2,263 201 619 1,059 2,263
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 13
IF YOU DO NOT SURRENDER YOUR IF YOU SURRENDER YOUR CONTRACT AT CONTRACT OR IF YOU SELECT AN THE END OF THE APPLICABLE TIME ANNUITY PAYOUT PLAN AT THE END OF PERIOD: THE APPLICABLE TIME PERIOD: QUALIFIED ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA ADVANTAGE With a ten-year surrender charge schedule $955 $1,278 $1,520 $1,965 $155 $478 $820 $1,765 RAVA ADVANTAGE With a seven-year surrender charge schedule 855 1,178 1,320 1,765 155 478 820 1,765 RAVA SELECT 881 1,257 953 2,045 181 557 953 2,045 RAVA SELECT - TEXAS 981 1,157 953 2,045 181 557 953 2,045
* In these examples, the contract administrative charge is $30. THE EXAMPLES ARE ILLUSTRATIVE ONLY. YOU SHOULD NOT CONSIDER THESE EXAMPLES AS A REPRESENTATION OF PAST OR FUTURE EXPENSES. ACTUAL EXPENSES WILL BE HIGHER OR LOWER THAN THOSE SHOWN DEPENDING UPON WHICH OPTIONAL BENEFIT YOU ELECT OTHER THAN INDICATED IN THE EXAMPLES OR IF YOU ALLOCATE CONTRACT VALUE TO ANY OTHER AVAILABLE SUBACCOUNTS. 14 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS CONDENSED FINANCIAL INFORMATION You can find unaudited condensed financial information for the subaccounts in Appendix C. FINANCIAL STATEMENTS You can find our audited financial statements and the audited financial statements of the divisions, which are comprised of subaccounts, in the SAI. The SAI does not include audited financial statements for divisions that are new and did not have any activity as of the financial statement date. THE VARIABLE ACCOUNT AND THE FUNDS THE VARIABLE ACCOUNT: The variable account was established under Minnesota law on Aug. 23, 1995, and the subaccounts are registered together as a single unit investment trust under the Investment Company Act of 1940 (the 1940 Act). This registration does not involve any supervision of our management or investment practices and policies by the SEC. All obligations arising under the contracts are general obligations of RiverSource Life. The variable account meets the definition of a separate account under federal securities laws. We credit or charge income, capital gains and capital losses of each subaccount only to that subaccount. State insurance law prohibits us from charging a subaccount with liabilities of any other subaccount or of our general business. The variable account includes other subaccounts that are available under contracts that are not described in this prospectus. Although the Internal Revenue Service (IRS) has issued some guidance on investor control, the U.S. Treasury and the IRS may continue to examine this aspect of variable contracts and provide additional guidance on investor control. At this time, we do not know what the additional guidance will be or when action will be taken. We reserve the right to modify the contract, as necessary, so that the owner will not be subject to current taxation as the owner of the subaccount assets. We intend to comply with all federal tax laws so that the contract continues to qualify as an annuity for federal income tax purposes. We reserve the right to modify the contract as necessary to comply with any new tax laws. THE FUNDS: The contract currently offers subaccounts investing in shares of the funds listed in the table below. - INVESTMENT OBJECTIVES: The investment managers and advisers cannot guarantee that the funds will meet their investment objectives. Please read the funds' prospectuses for facts you should know before investing. These prospectuses are available by contacting us at the address or telephone number on the first page of this prospectus. - FUND NAME AND MANAGEMENT: 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. - ELIGIBLE PURCHASERS: All funds are available to serve as the underlying investments for variable annuities and variable life insurance policies. The funds are not available to the public (see "Fund name and management" above). Some funds also are available to serve as investment options for tax-deferred retirement plans. It is possible that in the future for tax, regulatory or other reasons, it may be disadvantageous for variable annuity accounts and variable life insurance accounts and/or tax-deferred retirement plans to invest in the available funds simultaneously. Although we and the funds do not currently foresee any such disadvantages, the boards of directors or trustees of each fund will monitor events in order to identify any material conflicts between annuity owners, policy owners and tax-deferred retirement plans and to determine what action, if any, should be taken in response to a conflict. If a board were to conclude that it should establish separate funds for the variable annuity, variable life insurance and tax-deferred retirement plan accounts, you would not bear any expenses associated with establishing separate funds. Please refer to the funds' prospectuses for risk disclosure regarding simultaneous investments by variable annuity, variable life insurance and tax-deferred retirement plan accounts. Each fund intends to comply with the diversification requirements under Section 817(h) of the Code. - ASSET ALLOCATION PROGRAMS MAY IMPACT FUND PERFORMANCE: Asset allocation programs in general may negatively impact the performance of an underlying fund. Even if you do not participate in an asset allocation program, a fund in which your subaccount invests may be impacted if it is included in an asset allocation program. Rebalancing or reallocation under the terms of the asset allocation program may cause a fund to lose money if it must sell large amounts of securities to meet a RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 15 redemption request. These losses can be greater if the fund holds securities that are not as liquid as others; for example, various types of bonds, shares of smaller companies and securities of foreign issuers. A fund may also experience higher expenses because it must sell or buy securities more frequently than it otherwise might in the absence of asset allocation program rebalancing or reallocations. Because asset allocation programs include periodic rebalancing and may also include reallocation, these effects may occur under the asset allocation program we offer (see "Making the Most of Your Contract -- Portfolio Navigator Program") or under asset allocation programs used in conjunction with the contracts and plans of other eligible purchasers of the funds. - FUNDS AVAILABLE UNDER THE CONTRACT: We seek to provide a broad array of underlying funds taking into account the fees and charges imposed by each fund and the contract charges we impose. We select the underlying funds in which the subaccounts initially invest and when there is substitution (see "Substitution of Investments"). We also make all decisions regarding which funds to retain in a contract, which funds to add to a contract and which funds will no longer be offered in a contract. In making these decisions, we may consider various objective and subjective factors. Objective factors include, but are not limited to fund performance, fund expenses, classes of fund shares available, size of the fund and investment objectives and investing style of the fund. Subjective factors include, but are not limited to, investment sub-styles and process, management skill and history at other funds and portfolio concentration and sector weightings. We also consider the levels and types of revenue, including but not limited to expense payments and non-cash compensation a fund, its distributor, investment adviser, subadviser, transfer agent or their affiliates pay us and our affiliates. This revenue includes, but is not limited to compensation for administrative services provided with respect to the fund and support of marketing and distribution expenses incurred with respect to the fund. - REVENUE WE RECEIVE FROM THE FUNDS MAY CREATE POTENTIAL CONFLICTS OF INTEREST: We or our affiliates receive from each of the funds, or the funds' affiliates, varying levels and types of revenue including expense payments and non-cash compensation. The amount of this revenue and how it is computed varies by fund, may be significant and may create potential conflicts of interest. The greatest amount and percentage of revenue we and our affiliates receive comes from assets allocated to subaccounts investing in the funds that are managed by our affiliates Columbia Management Investment Advisers, LLC (Columbia Management Investment Advisers) or Columbia Wanger Asset Management, LLC (Columbia Wanger Asset Management) (affiliated funds). Employee compensation and operating goals at all levels are tied to the success of Ameriprise Financial, Inc. and its affiliates, including us. Certain employees may receive higher compensation and other benefits based, in part, on contract values that are invested in the affiliated funds. We or our affiliates receive revenue which ranges up to 0.64% of the average daily net assets invested in the underlying funds through this and other contracts we and our affiliate issue. We or our affiliates may also receive revenue which ranges up to 0.04% of aggregate, net or anticipated sales of underlying funds through this and other contracts we and our affiliate issue. Please see the SAI for a table that ranks the underlying funds according to total dollar amounts they and their affiliates paid us or our affiliates in the prior calendar year. Expense payments, non-cash compensation and other forms of revenue may influence recommendations your investment professional makes regarding whether you should invest in the contract, and whether you should allocate purchase payments or contract value to a subaccount that invests in a particular fund (see "About the Service Providers"). The revenue we or our affiliates receive from a fund or its affiliates is in addition to revenue we receive from the charges you pay when buying, owning and surrendering the contract (see "Expense Summary"). However, the revenue we or our affiliates receive from a fund or its affiliates may come, at least in part, from the fund's fees and expenses you pay indirectly when you allocate contract value to the subaccount that invests in that fund. - WHY REVENUES ARE PAID TO US: In accordance with applicable laws, regulations and the terms of the agreements under which such revenue is paid, we or our affiliates may receive these revenues including but not limited to expense payments and non-cash compensation for various purposes: - Compensating, training and educating financial advisors who sell the contracts. - Granting access to our employees whose job it is to promote sales of the contracts by authorized selling firms and their financial advisors, and granting access to financial advisors of our affiliated selling firms. - Activities or services we or our affiliates provide that assist in the promotion and distribution of the contracts including promoting the funds available under the contracts to prospective and existing contract owners, authorized selling firms and financial advisors. - Providing sub-transfer agency and shareholder servicing to contract owners. - Promoting, including and/or retaining the fund's investment portfolios as underlying investment options in the contracts. - Advertising, printing and mailing sales literature, and printing and distributing prospectuses and reports. 16 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS - Furnishing personal services to contract owners, including education of contract owners, answering routine inquiries regarding a fund, maintaining accounts or providing such other services eligible for service fees as defined under the rules of the Financial Industry Regulatory Authority (FINRA). - Subaccounting, transaction processing, recordkeeping and administration. - SOURCES OF REVENUE RECEIVED FROM AFFILIATED FUNDS: The affiliated funds are managed by Columbia Management Investment Advisers or Columbia Wanger Asset Management. The sources of revenue we receive from these affiliated funds, or from affiliates of these funds, may include, but are not necessarily limited to, the following: - Assets of the fund's adviser and transfer agent or an affiliate. The revenue resulting from these sources may be based either on a percentage of average daily net assets of the fund or on the actual cost of certain services we provide with respect to the fund. We may receive this revenue either in the form of a cash payment or it may be allocated to us. - Compensation paid out of 12b-1 fees that are deducted from fund assets and disclosed in the "12b-1 fees" column of the "Annual Operating Expenses of the Funds" table. - SOURCES OF REVENUE RECEIVED FROM UNAFFILIATED FUNDS: The unaffiliated funds are not managed by an affiliate of ours. The sources of revenue we receive from these unaffiliated funds, or the funds' affiliates, may include, but are not necessarily limited to, the following: - Assets of the fund's adviser, subadviser, transfer agent or an affiliate of these and assets of the fund's distributor or an affiliate. The revenue resulting from these sources usually is based on a percentage of average daily net assets of the fund but there may be other types of payment arrangements. - Compensation paid out of 12b-1 fees that are deducted from fund assets and disclosed in the "12b-1 fees" column of the "Annual Operating Expenses of the Funds" table. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 17 UNLESS THE PN PROGRAM IS IN EFFECT, YOU MAY ALLOCATE PURCHASE PAYMENTS AND TRANSFERS TO ANY OR ALL OF THE SUBACCOUNTS OF THE VARIABLE ACCOUNT THAT INVEST IN SHARES OF THE FOLLOWING FUNDS:
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- AllianceBernstein Seeks long-term growth of capital. AllianceBernstein L.P. VPS Global Thematic Growth Portfolio (Class B) ---------------------------------------------------------------------------------------- AllianceBernstein Seeks long-term growth of capital. AllianceBernstein L.P. VPS Growth and Income Portfolio (Class B) ---------------------------------------------------------------------------------------- AllianceBernstein Seeks long-term growth of capital. AllianceBernstein L.P. VPS International Value Portfolio (Class B) ---------------------------------------------------------------------------------------- American Century Seeks capital growth. American Century VP International, Investment Management, Class II Inc. ---------------------------------------------------------------------------------------- American Century Seeks long-term capital growth. Income is a American Century VP Mid Cap Value, secondary objective. Investment Management, Class II Inc. ---------------------------------------------------------------------------------------- American Century Seeks long-term capital growth. American Century VP Ultra(R), Investment Management, Class II Inc. ---------------------------------------------------------------------------------------- American Century Seeks long-term capital growth. Income is a American Century VP Value, Class secondary objective. Investment Management, II Inc. ---------------------------------------------------------------------------------------- Calvert Variable Seeks competitive total return through an Calvert Investment Series, Inc. VP actively managed portfolio of stocks, bonds Management Inc., SRI Balanced and money market instruments which offer adviser. New Amsterdam Portfolio income and capital growth opportunity and Partners, LLP, (previously which satisfy the investment criteria, subadviser on equity Calvert Variable including financial, sustainability and portion; no subadviser Series, Inc. VP social responsibility factors. on fixed-income portion. SRI Social Balanced Portfolio) ---------------------------------------------------------------------------------------- Columbia Variable Seeks maximum total investment return Columbia Management Portfolio - Bala- through a combination of capital growth and Investment Advisers, LLC nced Fund (Class current income. 3) (previously RiverSource Variable Portfolio - Bala- nced Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks maximum current income consistent Columbia Management Portfolio - Cash with liquidity and stability of principal. Investment Advisers, LLC Management Fund (Class 3) (previously RiverSource Variable Portfolio - Cash Management Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income while Columbia Management Portfolio - Dive- attempting to conserve the value of the Investment Advisers, LLC rsified Bond Fund investment for the longest period of time. (Class 3) (previously RiverSource Variable Portfolio - Dive- rsified Bond Fund (Class 3)) ----------------------------------------------------------------------------------------
18 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income and, as Columbia Management Portfolio - Dive- a secondary goal, steady growth of capital. Investment Advisers, LLC rsified Equity Income Fund (Class 3) (previously RiverSource Variable Portfolio - Dive- rsified Equity Income Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks capital appreciation. Columbia Management Portfolio - Dyna- Investment Advisers, LLC mic Equity Fund (Class 3) (previously RiverSource Variable Portfolio - Dyna- mic Equity Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Emer- Investment Advisers, ging Markets LLC, adviser; Opportunity Fund Threadneedle (Class 3) International Limited, (previously an indirect wholly-owned Threadneedle subsidiary of Ameriprise Variable Financial, sub-adviser. Portfolio - Emer- ging Markets Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Non-diversified fund that seeks high total Columbia Management Portfolio - Glob- return through income and growth of Investment Advisers, LLC al Bond Fund capital. (Class 3) (previously RiverSource Variable Portfolio - Glob- al Bond Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Non-diversified fund that seeks total Columbia Management Portfolio - Glob- return that exceeds the rate of inflation Investment Advisers, LLC al Inflation over the long term. Protected Securities Fund (Class 3) (previously RiverSource Variable Portfolio - Glob- al Inflation Protected Securities Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high current income, with capital Columbia Management Portfolio - High growth as a secondary objective. Investment Advisers, LLC Yield Bond Fund (Class 3) (previously RiverSource Variable Portfolio - High Yield Bond Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high total return through current Columbia Management Portfolio - Inco- income and capital appreciation. Investment Advisers, LLC me Opportunities Fund (Class 3) (previously RiverSource Variable Portfolio - Inco- me Opportunities Fund (Class 3)) ----------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 19
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Columbia Variable Seeks capital appreciation. Columbia Management Portfolio - In- Investment Advisers, ternational LLC, adviser; Opportunity Fund Threadneedle (Class 3) International Limited, (previously an indirect wholly-owned Threadneedle subsidiary of Ameriprise Variable Financial, sub-adviser. Portfolio - In- ternational Opportunity Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Large Investment Advisers, LLC Cap Growth Fund (Class 3) (previously Seligman Variable Portfolio - Grow- th Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Mars- Investment Advisers, ico Growth Fund, LLC, adviser; Marsico Class 1 Capital Management, LLC, (previously subadviser. Columbia Marsico Growth Fund, Variable Series, Class A) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Mars- Investment Advisers, ico International LLC, adviser; Marsico Opportunities Capital Management, LLC, Fund, Class 2 subadviser. (previously Columbia Marsico International Opportunities Fund, Variable Series, Class B)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks growth of capital. Columbia Management Portfolio - Mid Investment Advisers, LLC Cap Growth Opportunity Fund (Class 3) (previously RiverSource Variable Portfolio - Mid Cap Growth Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Mid Investment Advisers, LLC Cap Value Opportunity Fund (Class 3) (previously RiverSource Variable Portfolio - Mid Cap Value Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital appreciation. Columbia Management Portfolio - S&P Investment Advisers, LLC 500 Index Fund (Class 3) (previously RiverSource Variable Portfolio - S&P 500 Index Fund (Class 3)) ----------------------------------------------------------------------------------------
20 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Sele- Investment Advisers, LLC ct Large-Cap Value Fund (Class 3) (previously Seligman Variable Portfolio - Larg- er-Cap Value Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Sele- Investment Advisers, LLC ct Smaller-Cap Value Fund (Class 3) (previously Seligman Variable Portfolio - Smal- ler-Cap Value Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income and Columbia Management Portfolio - Short safety of principal consistent with Investment Advisers, LLC Duration U.S. investment in U.S. government and Government Fund government agency securities. (Class 3) (previously RiverSource Variable Portfolio - Short Duration U.S. Government Fund (Class 3)) ---------------------------------------------------------------------------------------- Credit Suisse Seeks total return. Credit Suisse Asset Trust - Commodity Management, LLC Return Strategy Portfolio ---------------------------------------------------------------------------------------- Eaton Vance VT Seeks high level of current income. Eaton Vance Management Floating-Rate Income Fund ---------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks long-term capital appreciation. Fidelity Management & Contrafund(R) Normally invests primarily in common Research Company (FMR) Portfolio Service stocks. Invests in securities of companies is the fund's manager. Class 2 whose value it believes is not fully Fidelity Investments recognized by the public. Invests in either Money Management, Inc. "growth" stocks or "value" stocks or both. (FIMM) and other The fund invests in domestic and foreign affiliates of FMR serve issuers. as sub-advisers for the fund. ---------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks high total return through a FMR is the fund's Growth & Income combination of current income and capital manager. FIMM and other Portfolio Service appreciation. Normally invests a majority affiliates of FMR serve Class 2 of assets in common stocks with a focus on as sub-advisers for the those that pay current dividends and show fund. potential for capital appreciation. Invests in domestic and foreign issuers. The Fund invests in either "growth" stocks or "value" stocks or both. ---------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks long-term growth of capital. Normally FMR is the fund's Mid Cap Portfolio invests primarily in common stocks. manager. FIMM and other Service Class 2 Normally invests at least 80% of assets in affiliates of FMR serve securities of companies with medium market as sub-advisers for the capitalizations. May invest in companies fund. with smaller or larger market capitalizations. Invests in domestic and foreign issuers. The Fund invests in either "growth" or "value" common stocks or both. ----------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 21
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks long-term growth of capital. Normally FMR is the fund's Overseas invests primarily in common stocks manager. FIMM and other Portfolio Service allocating investments across different affiliates of FMR serve Class 2 countries and regions. Normally invests at as sub-advisers for the least 80% of assets in non-U.S. securities. fund. ---------------------------------------------------------------------------------------- FTVIPT Franklin Seeks high total return. The fund normally Franklin Templeton Global Real invests at least 80% of its net assets in Institutional, LLC Estate Securities investments of companies located anywhere Fund - Class 2 in the world that operate in the real estate sector. ---------------------------------------------------------------------------------------- FTVIPT Franklin Seeks long-term total return. The fund Franklin Advisory Small Cap Value normally invests at least 80% of its net Services, LLC Securities assets in investments of small Fund - Class 2 capitalization companies. ---------------------------------------------------------------------------------------- FTVIPT Mutual Seeks capital appreciation, with income as Franklin Mutual Shares Securities a secondary goal. The fund normally invests Advisers, LLC Fund - Class 2 primarily in U.S. and foreign equity securities that the manager believes are undervalued. ---------------------------------------------------------------------------------------- Goldman Sachs VIT Seeks long-term capital appreciation. Goldman Sachs Asset Mid Cap Value Management, L.P. Fund - Instituti- onal Shares ---------------------------------------------------------------------------------------- Goldman Sachs VIT Seeks long-term growth of capital. Goldman Sachs Asset Structured U.S. Management, L.P. Equity Fund - Instituti- onal Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. Capital Appreciation Fund, Series II Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. Capital Development Fund, Series I Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. Capital Development Fund, Series II Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks to provide reasonable current income Invesco Advisers, Inc. Dividend Growth and long-term growth of income and capital. Fund, Series I Shares (effective April 29, 2011, Invesco V.I. Financial Services Fund, Series I Shares merged into this fund) ---------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. Global Health Care Fund, Series II Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. International Growth Fund, Series II Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. Technology Fund, Series I Shares ----------------------------------------------------------------------------------------
22 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Invesco Van Seeks capital growth and income through Invesco Advisers, Inc. Kampen V.I. investments in equity securities, including Comstock Fund, common stocks, preferred stocks and Series II Shares securities convertible into common and (previously Van preferred stocks. Kampen LIT Comstock Portfolio, Class II Shares) ---------------------------------------------------------------------------------------- Janus Aspen Seeks long-term growth of capital. Janus Capital Management Series Global LLC Technology Portfolio: Service Shares ---------------------------------------------------------------------------------------- Janus Aspen Seeks long-term growth of capital in a Janus Capital Management Series Janus manner consistent with the preservation of LLC Portfolio: capital. Service Shares ---------------------------------------------------------------------------------------- Janus Aspen Seeks long-term growth of capital. Janus Capital Management Series Overseas LLC Portfolio: Service Shares ---------------------------------------------------------------------------------------- MFS(R) Investors Seeks capital appreciation. MFS Investment Growth Stock Management(R) Series - Service Class ---------------------------------------------------------------------------------------- MFS(R) New Seeks capital appreciation. MFS Investment Discovery Management(R) Series - Service Class ---------------------------------------------------------------------------------------- MFS(R) Utilities Seeks total return. MFS Investment Series - Service Management(R) Class ---------------------------------------------------------------------------------------- Morgan Stanley Seeks current income and capital Morgan Stanley UIF Global Real appreciation. Investment Management Estate Portfolio, Inc., advisor; Morgan Class II Shares Stanley Investment (previously Van Management Limited and Kampen's UIF Morgan Stanley Global Real Investment Management Estate Portfolio, Company, subadvisers. Class II Shares) ---------------------------------------------------------------------------------------- Morgan Stanley Seeks long-term capital growth by investing Morgan Stanley UIF Mid Cap primarily in common stocks and other equity Investment Management Growth Portfolio, securities. Inc. Class II Shares (previously Van Kampen's UIF Mid Cap Growth Portfolio, Class II Shares) ---------------------------------------------------------------------------------------- Neuberger Berman Seeks long-term growth of capital by Neuberger Berman Advisers investing primarily in common stocks of Management LLC Management Trust foreign companies. International Portfolio (Class S) ---------------------------------------------------------------------------------------- Oppenheimer Seeks long-term capital appreciation. OppenheimerFunds, Inc. Global Securities Fund/VA, Service Shares ---------------------------------------------------------------------------------------- Oppenheimer Seeks high current income by investing OppenheimerFunds, Inc. Global Strategic mainly in debt securities. Income Fund/VA, Service Shares ---------------------------------------------------------------------------------------- Oppenheimer Main Seeks capital appreciation. OppenheimerFunds, Inc. Street Small- & Mid-Cap Fund(R)/VA Service Shares (previously Oppenheimer Main Street Small Cap Fund/VA, Service Shares) ----------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 23
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- PIMCO VIT All Seeks maximum real return consistent with Pacific Investment Asset Portfolio, preservation of real capital and prudent Management Company LLC Advisor Share investment management. Class ---------------------------------------------------------------------------------------- Putnam VT Global Seeks capital appreciation. Putnam Investment Health Care Management, LLC, Fund - Class IB adviser; Putnam Advisory Shares Company, LLC, sub- adviser. ---------------------------------------------------------------------------------------- Putnam VT Seeks capital appreciation. Putnam Investment International Management, LLC, Equity adviser; Putnam Advisory Fund - Class IB Company, LLC, sub- Shares adviser. ---------------------------------------------------------------------------------------- Putnam VT Multi- Seeks long-term capital appreciation. Putnam Investment Cap Growth Management, LLC Fund - Class IB Shares ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Aggr- consistent with an aggressive level of Investment Advisers, LLC essive Portfolio risk. This is a "fund of funds" and seeks (Class 2) to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a small amount in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Aggr- consistent with an aggressive level of Investment Advisers, LLC essive Portfolio risk. This is a "fund of funds" and seeks (Class 4) to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a small amount in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Cons- consistent with a conservative level of Investment Advisers, LLC ervative risk. This is a "fund of funds" and seeks Portfolio (Class to achieve its objective by investing in a 2) combination of underlying funds. The fund invests primarily in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Cons- consistent with a conservative level of Investment Advisers, LLC ervative risk. This is a "fund of funds" and seeks Portfolio (Class to achieve its objective by investing in a 4) combination of underlying funds. The fund invests primarily in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Davis Investment Advisers, New York Venture LLC, adviser; Davis Fund (Class 3) Selected Advisers, L.P., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term growth of capital. Columbia Management Portfolio - Gold- Investment Advisers, man Sachs Mid Cap LLC, adviser; Goldman Value Fund (Class Sachs Asset Management, 3) L.P., subadviser. ----------------------------------------------------------------------------------------
24 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderate level of risk. Investment Advisers, LLC rate Portfolio This is a "fund of funds" and seeks to (Class 2) achieve its objective by investing in a combination of underlying funds. The fund invests primarily in a balance of underlying funds that invest in fixed income securities and underlying funds that invest in equity securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderate level of risk. Investment Advisers, LLC rate Portfolio This is a "fund of funds" and seeks to (Class 4) achieve its objective by investing in a combination of underlying funds. The fund invests primarily in a balance of underlying funds that invest in fixed income securities and underlying funds that invest in equity securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately aggressive Investment Advisers, LLC rately Aggressive level of risk. This is a "fund of funds" Portfolio (Class and seeks to achieve its objective by 2) investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a moderate amount in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately aggressive Investment Advisers, LLC rately Aggressive level of risk. This is a "fund of funds" Portfolio (Class and seeks to achieve its objective by 4) investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a moderate amount in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately conservative Investment Advisers, LLC rately level of risk. This is a "fund of funds" Conservative and seeks to achieve its objective by Portfolio (Class investing in a combination of underlying 2) funds. The fund invests primarily in underlying funds that invest in fixed income securities and also invests a moderate amount in underlying funds that invest in equity securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately conservative Investment Advisers, LLC rately level of risk. This is a "fund of funds" Conservative and seeks to achieve its objective by Portfolio (Class investing in a combination of underlying 4) funds. The fund invests primarily in underlying funds that invest in fixed income securities and also invests a moderate amount in underlying funds that invest in equity securities. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital appreciation. Columbia Management Portfolio - Part- Investment Advisers, ners Small Cap LLC, adviser; Barrow, Value Fund (Class Hanley, Mewhinney & 3) Strauss, Inc., Denver Investment Advisors LLC, Donald Smith & Co., Inc., River Road Asset Management, LLC and Turner Investment Partners, Inc., subadvisers. ----------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 25
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Wanger Seeks long-term capital appreciation. Columbia Wanger Asset International Management, LLC ---------------------------------------------------------------------------------------- Wanger USA Seeks long-term capital appreciation. Columbia Wanger Asset Management, LLC ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Core Management, LLC, Equity adviser; Wells Capital Fund - Class 2 Management Inc., sub- adviser. ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term total return, consisting of Wells Fargo Funds Advantage VT capital appreciation and current income. Management, LLC, Index Asset adviser; Wells Capital Allocation Management Inc., sub- Fund - Class 2 adviser. (previously Wells Fargo Advantage VT Index Asset Allocation Fund) ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Management, LLC, International adviser; Wells Capital Equity Management Inc., sub- Fund - Class 2 adviser. ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Management, LLC, Opportunity adviser; Wells Capital Fund - Class 2 Management Inc., sub- (previously Wells adviser. Fargo Advantage VT Opportunity Fund) ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Management, LLC, Small Cap Growth adviser; Wells Capital Fund - Class 2 Management Inc., sub- (previously Wells adviser. Fargo Advantage VT Small Cap Growth Fund) ----------------------------------------------------------------------------------------
THE FIXED ACCOUNT You also may allocate purchase payments and purchase payment credits or transfer contract value to the fixed account. We back the principal and interest guarantees relating to the fixed account. These guarantees are based on the continued claims-paying ability of the company. The value of the fixed account increases as we credit interest to the account. Purchase payments and transfers to the fixed account become part of our general account. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of insurance and financial products as well, and we also pay our obligations under these products from assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. We credit and compound interest daily based on a 365-day year so as to produce the annual effective rate which we declare. We do not credit interest on leap days (Feb. 29). The interest rate we apply to each purchase payment or transfer to the fixed account is guaranteed for one year. Thereafter, we will change the rates from time to time at our discretion. These rates will be based on various factors including, but not limited to, the interest rate environment, returns earned on investments backing these annuities, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition, and RiverSource Life's revenues and expenses. Interests in the fixed account are not required to be registered with the SEC. The SEC staff does not review the disclosures in this prospectus on the fixed account. Disclosures regarding the fixed account, however, may be subject to certain generally applicable provisions of the federal securities laws relating to the accuracy and completeness of statements made in prospectuses. (See "Making the Most of Your Contract -- Transfer policies" for restrictions on transfers involving the fixed account.) 26 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS BUYING YOUR CONTRACT New contracts are not currently being offered. As the owner, you have all rights and may receive all benefits under the contract. You can own a nonqualified annuity in joint tenancy with rights of survivorship only in spousal situations. You cannot own a qualified annuity in joint tenancy. You can become an annuitant if you are 90 or younger. The contract provides for allocation of purchase payments and purchase payment credits to the subaccounts of the variable account and/or to the fixed account in tenth of percent increments. For contracts issued on or after July 1, 2003, we reserve the right to limit the amount of any purchase payment allocated to the fixed account to 30% of the purchase payment although currently we allow more than 30% of a purchase payment to be so allocated to the fixed account. We applied your initial purchase payment and purchase payment credits to the fixed account and subaccounts you selected within two business days after we received it at our corporate office. We will credit additional purchase payments you make to your accounts on the valuation date we receive them. If we receive an additional purchase payment at our corporate office before the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the valuation date we received the payment. If we receive an additional purchase payment at our corporate office at or after the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the next valuation date after we received the payment. THE SETTLEMENT DATE Annuity payouts are scheduled to begin on the settlement date. This means that the contract will be annuitized (converted to a stream of monthly payments), and the first payment will be sent on the settlement date. If your contract is annuitized, the contract goes into payout mode and only the annuity payout provisions continue. Unless Annuity Payout Plan E is elected, you will no longer have access to your contract value. In addition, the death benefit and any optional benefits you have elected will end. When we processed your application, we established the settlement date as the maximum age (or contract anniversary, if applicable). We have established a new maximum age (or contract anniversary) as described below. You also can change the settlement date, provided you send us written instructions at least 30 days before annuity payouts begin. Generally, the settlement date must be no later than the annuitant's 95th birthday or the tenth contract anniversary. If the annuitant was age 95 or older and past the tenth contract anniversary when the new maximum was established, the new settlement date was set to a birthday later than age 95. You can also choose to delay the annuitization of your contract beyond age 95 indefinitely, to the extent allowed by applicable tax laws. Six months prior to your settlement date, we will contact you with your options, including the option to postpone your annuitization start date to a future date. If you do not make an election, annuity payouts, using the contract's default option of Annuity Payout Plan B -- life annuity with 10 years certain will begin on the settlement date and your monthly annuity payments will continue for as long as you live. If the annuitant does not survive 10 years, payments will continue until 10 years of payments have been made. If you own a qualified annuity (for example, an IRA) and tax laws require that you take distributions from your annuity prior to your new settlement date, your contract will not be automatically annuitized. If you satisfy your RMDs for a qualified annuity in the form of partial surrenders from this contract, you are electing to defer annuitizing your contract. Contract owners of IRAs and TSAs may also be able to satisfy RMDs by electing other IRAs or TSAs, and in that case, will delay the start of annuity payouts for these contracts. BENEFICIARY If death benefits become payable before the settlement date while the contract is in force and before annuity payouts begin, we will pay the death benefit to your named beneficiary. If there is more than one beneficiary we will pay each beneficiary's designated share when we receive their complete claim. A beneficiary will bear the investment risk of the variable account until we receive the beneficiary's complete claim. If there is no named beneficiary, then the default provisions of your contract will apply. (See "Benefits in Case of Death" for more about beneficiaries.) RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 27 PURCHASE PAYMENTS MINIMUM ALLOWABLE PURCHASE PAYMENTS* If paying by installments under a scheduled payment plan: $50 per month
RAVA ADVANTAGE RAVA SELECT If paying by any other method: initial payment for qualified annuities $1,000 $ 2,000 initial payment for nonqualified annuities 2,000 10,000 for any additional payments 50 50
* Installments must total at least $600 in the first year. If you do not make any purchase payments for 24 months, and your previous payments total $600 or less, we have the right to give you 30 days' written notice and pay you the total value of your contract in a lump sum. This right does not apply to contracts in Illinois and New Jersey. MAXIMUM ALLOWABLE ANNUAL PURCHASE PAYMENTS** based on the age of you or the annuitant, whoever is older, on the effective date of the contract:
RAVA ADVANTAGE RAVA SELECT through age 85 100,000 100,000 for ages 86 to 90 50,000 50,000
** These annual contribution limits apply in total to all RiverSource Life annuities you own. We reserve the right to increase maximum limits. For qualified annuities the tax-deferred retirement plan's or the Code's limits on annual contributions also apply. We will consider your contract void from the start if we do not receive initial purchase payment within 180 days of the application signed date. Purchase payment amounts and purchase payment timing may vary by state and may be limited under the terms of your contract. For RAVA Advantage, except for TSAs, purchase payments are limited and may not be made after the third contract anniversary in Massachusetts, Washington and Oregon. Subject to state law limitations, we reserve the right to not accept purchase payments allocated to the fixed account for twelve months following either: 1. a partial surrender from the fixed account; or 2. a lump sum transfer from the fixed account to a subaccount. HOW TO MAKE PURCHASE PAYMENTS 1 BY LETTER Send your check along with your name and contract number to: RIVERSOURCE LIFE INSURANCE COMPANY 70200 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS, MN 55474 2 BY SCHEDULED PAYMENT PLAN We can help you set up: - an automatic payroll deduction, salary reduction or other group billing arrangement; or - a bank authorization. PURCHASE PAYMENT CREDITS FOR RAVA ADVANTAGE: we add a credit to your contract in the amount of: - 1% of each purchase payment received: - if you elect the ten-year surrender charge schedule for your contract*; OR - if you elect the seven-year surrender charge schedule for your contract AND your initial purchase payment to the contract is at least $100,000. 28 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS - 2% of each purchase payment received if you elect the ten-year surrender charge schedule for your contract* AND your initial purchase payment to the contract is at least $100,000. To the extent a death benefit or surrender payment includes purchase payment credits applied within twelve months preceding: (1) the date of death that results in a lump sum death benefit under this contract; or (2) a request for surrender charge waiver due to Nursing Home Confinement, we will assess a charge, similar to a surrender charge, equal to the amount of the purchase payment credits.* Surrender charges under RAVA Advantage may be higher and longer than those for contracts that do not have purchase payment credits. The amount of the credits may be more than offset by the additional charges associated with them. Because of higher charges, there could be circumstances where you may be worse off purchasing one of these contracts with the credits than purchasing other contracts. All things being equal (such as fund performance and availability), this may occur if you select the ten-year surrender charge and you make a full surrender in years five through ten. We pay for the credits under RAVA Advantage primarily through revenue from a higher and longer surrender charge schedule and through lower costs associated with larger sized contracts, including lower compensation paid on the sales of these contracts. FOR RAVA SELECT: we add a credit to your contract in the amount of 1% of each purchase payment received in the first contract year if your initial purchase payment to the contract is at least $250,000. To the extent a death benefit or surrender payment includes purchase payment credits applied within twelve months preceding: (1) the date of death that results in a lump sum death benefit under this contract; or (2) a request for surrender charge waiver due to Hospital or Nursing Home Confinement, we will assess a charge, similar to a surrender charge, equal to the amount of the purchase payment credits.* The amount we pay to you under these circumstances will always equal or exceed your surrender value. Expenses under RAVA Select may be higher than those for contracts that do not have purchase payment credits. The amount of the credits may be more than offset by the additional charges associated with them. Because of higher charges, you may be worse off purchasing this contract. We pay for the credits under RAVA Select primarily through lower costs associated with larger sized contracts, including lower compensation paid on the sales of these contracts. We fund all credits from our general account. We do not consider credits to be "investments" for income tax purposes. (See "Taxes.") We allocate each credit to your contract value when the applicable purchase payment is applied to your contract value. We allocate such credits to your contract value according to allocation instructions in effect for your purchase payments. * The ten-year surrender charge under RAVA Advantage is not available in Oregon. Contracts purchased in Oregon are only eligible for a 1% purchase payment credit if the initial purchase payment is at least $100,000. For contracts purchased in Oregon, we will not assess a charge equal to the amount of the purchase payment credits upon payment of a death benefit or surrender. We will reverse credits from the contract value for any purchase payment that is not honored. The amount returned to you under the free look provision also will not include any credits applied to your contract. (See "The Contract in Brief -- Free look period.") We reserve the right to increase the amount of the credit for certain groups of contract owners. The increase will not be greater than 8% of total net purchase payments. We would pay for increases in credit amounts primarily through reduced expenses expected from such groups. LIMITATIONS ON THE USE OF CONTRACTS If mandated by applicable law, including, but not limited to, federal anti-money laundering laws, we may be required to reject a purchase payment. We may also be required to block an owner's access to contract values or to satisfy other statutory obligations. Under these circumstances we may refuse to implement requests for transfers, surrenders or death benefits until instructions are received from the appropriate governmental authority or a court of competent jurisdiction. CHARGES CONTRACT ADMINISTRATIVE CHARGE We charge this fee for establishing and maintaining your records. We deduct $30 from the contract value of RAVA Advantage or RAVA Select on your contract anniversary at the end of each contract year. Subject to state regulatory requirements, we prorate this charge among the subaccounts and the fixed account in the same proportion your interest in each account bears to your total contract value. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 29 We will waive this charge when your contract value, or total purchase payments less any payments surrendered, is $50,000 or more on the current contract anniversary. If you surrender your contract, we will deduct the charge at the time of surrender regardless of the contract value or purchase payments made. We cannot increase the annual contract administrative charge and it does not apply after annuity payouts begin or when we pay death benefits. MORTALITY AND EXPENSE RISK FEE We charge this fee daily to the subaccounts. The unit values of your subaccounts reflect this fee, which is a percentage of their average daily net assets, on an annual basis as follows:
RAVA ADVANTAGE RAVA SELECT For nonqualified annuities 0.95% 1.20% For qualified annuities 0.75% 1.00%
This fee covers the mortality and expense risk that we assume. This fee does not apply to the fixed account. Mortality risk arises because of our guarantee to pay a death benefit and our guarantee to make annuity payouts according to the terms of the contract, no matter how long a specific owner or annuitant lives and no matter how long our entire group of owners or annuitants live. If, as a group, owners or annuitants outlive the life expectancy we assumed in our actuarial tables, we must take money from our general assets to meet our obligations. If, as a group, owners or annuitants do not live as long as expected, we could profit from the mortality risk fee. We deduct the mortality risk fee from the subaccounts during the annuity payout period even if the annuity payout plan does not involve a life contingency. Expense risk arises because we cannot increase the contract administrative charge and this charge may not cover our expenses. We would have to make up any deficit from our general assets. We could profit from the expense risk fee if future expenses are less than expected. The subaccounts pay us the mortality and expense risk fee they accrued as follows: - first, to the extent possible, the subaccounts pay this fee from any dividends distributed from the funds in which they invest; - then, if necessary, the funds redeem shares to cover any remaining fees payable. We may use any profits we realize from the subaccounts' payment to us of the mortality and expense risk fee for any proper corporate purpose, including, among others, payment of distribution (selling) expenses. We do not expect that the surrender charge, discussed in the following paragraphs, will cover sales and distribution expenses. MAV RIDER FEE We charge a fee for the optional feature only if you select it(1). If selected, we deduct an annual fee of 0.25%(2) of your contract value of RAVA Advantage or RAVA Select on your contract anniversary at the end of each contract year. We prorate this fee among the subaccounts and fixed accounts in the same proportion your interest in each account bears to your total contract value. If the contract terminates for any reason except death or at the settlement date, we will deduct this fee, adjusted for the number of calendar days coverage was in place. If you choose to drop this rider on an anniversary (subject to the restrictions given in "Optional Benefits"), we will deduct this fee on that anniversary. We cannot increase this annual fee after the rider effective date, and it does not apply after annuity payouts begin or when we pay death benefits. EEB RIDER FEE We charge a fee for the optional feature only if you select it(1). If selected, we deduct an annual fee of 0.30% of your contract value of RAVA Advantage or RAVA Select on your contract anniversary at the end of each contract year. We prorate this fee among the subaccounts and fixed accounts in the same proportion your interest in each account bears to your total contract value. If the contract terminates for any reason except death or at the settlement date, we will deduct this fee, adjusted for the number of calendar days coverage was in place. If you choose to drop this rider on an anniversary (subject to the restrictions given in "Optional Benefits"), we will deduct this fee on that anniversary. We cannot increase this annual fee after the rider effective date and it does not apply after annuity payouts begin or when we pay death benefits. 30 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS EEP RIDER FEE We charge a fee for the optional feature only if you select it(1). If selected, we deduct an annual fee of 0.40% of your contract value of RAVA Advantage or RAVA Select on your contract anniversary at the end of each contract year. We prorate this fee among the subaccounts and fixed accounts in the same proportion your interest in each account bears to your total contract value. If the contract terminates for any reason except death or at the settlement date, we will deduct this fee, adjusted for the number of calendar days coverage was in place. If you choose to drop this rider on an anniversary (subject to the restrictions given in "Optional Benefits"), we will deduct this fee on that anniversary. We cannot increase this annual fee after the rider effective date and it does not apply after annuity payouts begin or when we pay death benefits. (1) You may select any one of the MAV, EEB or EEP riders. Or you may select the MAV and either the EEB or the EEP. However, you cannot select both the EEB and the EEP. Riders may not be available in all states. The MAV, EEB and EEP riders are only available if you and the annuitant are age 75 or younger at the rider effective date. EEP is only available on contracts purchased through a transfer or exchange. (2) For contracts purchased before May 1, 2003, the MAV rider fee for RAVA Advantage and RAVA Select is 0.15%. PN RIDER FEE Before May 10, 2010, we deducted our annual charge of 0.10% of your contract value less any excluded accounts on your contract anniversary at the end of each contract year. This fee is no longer applicable beginning May 10, 2010. SURRENDER CHARGE If you surrender all or part of your contract, you may be subject to a surrender charge. For RAVA Advantage, a surrender charge applies if all or part of the surrender amount is from purchase payments we received within seven or ten years before surrender. For RAVA Select, a surrender charge applies if you surrender all or part of your purchase payments in the first three contract years. You select the surrender charge period at the time of your application for the contract. The surrender charge percentages that apply to you are shown in your contract. You may surrender an amount during any contract year without a surrender charge. We call this amount the Total Free Amount (TFA). The TFA is defined as the greater of: - 10% of the contract value on the prior contract anniversary, and - current contract earnings. NOTE: We determine current contract earnings by looking at the entire contract value, not the earnings of any particular subaccount or the fixed account. Amounts surrendered in excess of the TFA may be subject to a surrender charge as described below. SURRENDER CHARGE UNDER RAVA ADVANTAGE: For purposes of calculating any surrender charge under RAVA Advantage, we treat amounts surrendered from your contract value in the following order: 1. First, we surrender the TFA. We do not assess a surrender charge on the TFA. 2. Next, we surrender purchase payments received prior to the surrender charge period you selected and shown in your contract. We do not assess a surrender charge on these purchase payments. 3. Finally, if necessary, we surrender purchase payments received that are still within the surrender charge period you selected and shown in your contract. We surrender these payments on a first-in, first-out (FIFO) basis. We do assess a surrender charge on these payments. We determine your surrender charge by multiplying each of your payments surrendered by the applicable surrender charge percentage, and then adding the total surrender charges. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 31 The surrender charge percentage depends on the number of years since you made the payments that are surrendered, depending on the schedule you selected*:
TEN-YEAR SCHEDULE* NUMBER OF COMPLETED YEARS SEVEN-YEAR SCHEDULE FROM DATE SURRENDER CHARGE NUMBER OF COMPLETED YEARS FROM SURRENDER CHARGE OF EACH PERCENTAGE DATE OF EACH PURCHASE PAYMENT PERCENTAGE PURCHASE PAYMENT 0 7% 0 8% 1 7 1 8 2 7 2 8 3 6 3 7 4 5 4 7 5 4 5 6 6 2 6 5 7 0 7 4 8 3 9 2 10 0
* The ten-year surrender charge schedule under RAVA Advantage is not available in Oregon. For contracts issued in Massachusetts, Oregon and Washington, we waive surrender charges after the tenth contract anniversary regardless of when payments are made. SURRENDER CHARGE UNDER RAVA SELECT (IN TEXAS RAVA SELECT CONTRACTS ISSUED PRIOR TO 11/7/2002): For purposes of calculating any surrender charge under RAVA Select, we treat amounts surrendered from your contract value in the following order: 1. First, we surrender the TFA. We do not assess a surrender charge on the TFA. 2. Next, if necessary, we surrender purchase payments. We do assess a surrender charge on these payments during the first three contract years as follows:
CONTRACT YEAR SURRENDER CHARGE PERCENTAGE 1 7% 2 7 3 7 Thereafter 0
SURRENDER CHARGE UNDER RAVA SELECT CONTRACTS ISSUED IN TEXAS ON OR AFTER 11/7/2002: For purposes of calculating any surrender charge under RAVA Select in Texas, we treat amounts surrendered from your contract value in the following order: 1. First, we surrender the TFA. We do not assess a surrender charge on the TFA. 2. Next, if necessary, we surrender purchase payments. We surrender amounts from the oldest purchase payments first. We do assess a surrender charge on these payments during the first three contract years as follows:
SURRENDER CHARGE PERCENTAGE (AS A PERCENTAGE OF PURCHASE PAYMENTS SURRENDERED) IN CONTRACT YEAR PAYMENTS MADE IN CONTRACT YEAR 1 2 3 THEREAFTER 1 8% 7% 6% 0% 2 8 7 0 3 8 0 Thereafter 0
32 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS PARTIAL SURRENDERS UNDER RAVA ADVANTAGE AND RAVA SELECT For a partial surrender that is subject to a surrender charge, the amount we actually deduct from your contract value will be the amount you request plus any applicable surrender charge. The surrender charge percentage is applied to this total amount. We pay you the amount you requested. For an example, see Appendix A. SURRENDER CHARGE UNDER ANNUITY PAYOUT PLAN E -- PAYOUTS FOR A SPECIFIED PERIOD: Under this annuity payout plan, you can choose to take a surrender. The amount that you can surrender is the present value of any remaining variable payouts. The surrender charge equals the present value of the remaining payouts using the assumed investment rate minus the present value of the remaining payouts using the discount rate.
ASSUMED INVESTMENT RATE 3.50% 5.00% Qualified annuity discount rate 4.72% 6.22% Nonqualified annuity discount rate 4.92% 6.42%
WAIVER OF SURRENDER CHARGES We do not assess surrender charges for: - surrenders of any contract earnings; - surrenders of amounts totaling up to 10% of the contract value on the prior contract anniversary to the extent it exceeds contract earnings; - For RAVA Advantage, amounts surrendered after the tenth contract anniversary in Massachusetts, Washington and Oregon; - to the extent that they exceed the greater of contract earnings or 10% of the contract value on the prior contract anniversary, required minimum distributions from a qualified annuity. The amount on which surrender charges are waived can be no greater than the RMD amount calculated under your specific contract currently in force; - contracts settled using an annuity payout plan, unless an Annuity Payout Plan E is later surrendered; - amounts we refund to you during the free look period*; - death benefits*; and - surrenders you make under your contract's "Waiver of Surrender Charges for Hospital or Nursing Home Confinement" provision*. To the extent permitted by state law, this provision applies when you are under age 76 on the date that we issue the contract. Under this provision, we will waive surrender charges that we normally assess upon full or partial surrender. Under RAVA Advantage, you must provide proof satisfactory to us that, as of the date you request the surrender, you or the annuitant are confined to a nursing home and have been for the prior 90 days and the confinement began after the contract date. Under RAVA Select, you must provide proof satisfactory to us that, as of the date you request the surrender, you or your spouse are confined to a nursing home or hospital and have been for 90 straight days and the confinement began after the contract date. (See your contract for additional conditions and restrictions on this waiver.) * However, we will reverse certain purchase payment credits. (See "Buying your contract -- Purchase payment credits.") OTHER INFORMATION ON CHARGES: Ameriprise Financial, Inc. makes certain custodial services available to some profit sharing, money purchase and target benefit plans funded by our annuities. Fees for these services start at $30 per calendar year per participant. Ameriprise Financial, Inc. will charge a termination fee for owners under age 59 1/2 (fee waived in case of death or disability). POSSIBLE GROUP REDUCTIONS: In some cases we may incur lower sales and administrative expenses due to the size of the group, the average contribution and the use of group enrollment procedures. In such cases, we may be able to reduce or eliminate the contract administrative and surrender charges. However, we expect this to occur infrequently. FUND FEES AND EXPENSES There are deductions from and expenses paid out of the assets of the funds that are described in the prospectuses for those funds. (See "Annual Operating Expenses of the Funds.") PREMIUM TAXES Certain state and local governments impose premium taxes on us (up to 3.5%). These taxes depend upon your state of residence or the state in which the contract was sold. Currently, we deduct any applicable premium tax when annuity payouts begin, but we reserve the right to deduct this tax at other times such as when you surrender your contract. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 33 VALUING YOUR INVESTMENT We value your accounts as follows: FIXED ACCOUNT We value the amounts you allocated to the fixed account directly in dollars. The fixed account value equals: - the sum of your purchase payments and purchase payment credits and transfer amounts allocated to the fixed account; - plus interest credited; - minus the sum of amounts surrendered (including any applicable surrender charges) and amounts transferred out; - minus any prorated portion of the contract administrative charge; - minus any prorated portion of the MAV rider charge (if selected); - minus any prorated portion of the EEB rider charge (if selected); and - minus any prorated portion of the EEP rider charge (if selected). SUBACCOUNTS We convert amounts you allocated to the subaccounts into accumulation units. Each time you make a purchase payment or transfer amounts into one of the subaccounts or we apply any purchase payment credits to a subaccount, we credit a certain number of accumulation units to your contract for that subaccount. Conversely, we subtract a certain number of accumulation units from your contract each time you take a partial surrender, transfer amounts out of a subaccount, or we assess a contract administrative charge or charge for any optional riders with annual charges (if applicable). The accumulation units are the true measure of investment value in each subaccount during the accumulation period. They are related to, but not the same as, the net asset value of the fund in which the subaccount invests. The dollar value of each accumulation unit can rise or fall daily depending on the variable account expenses, performance of the fund and on certain fund expenses. Here is how we calculate accumulation unit values: NUMBER OF UNITS: to calculate the number of accumulation units for a particular subaccount we divide your investment by the current accumulation unit value. ACCUMULATION UNIT VALUE: the current accumulation unit value for each subaccount equals the last value times the subaccount's current net investment factor. WE DETERMINE THE NET INVESTMENT FACTOR BY: - adding the fund's current net asset value per share, plus the per share amount of any accrued income or capital gain dividends to obtain a current adjusted net asset value per share; then - dividing that sum by the previous adjusted net asset value per share; and - subtracting the percentage factor representing the mortality and expense risk fee from the result. Because the net asset value of the fund may fluctuate, the accumulation unit value may increase or decrease. You bear all the investment risk in a subaccount. FACTORS THAT AFFECT SUBACCOUNT ACCUMULATION UNITS: accumulation units may change in two ways -- in number and in value. The number of accumulation units you own may fluctuate due to: - additional purchase payments you allocate to the subaccounts; - any purchase payment credits allocated to the subaccounts; - transfers into or out of the subaccounts; - partial surrenders; - surrender charges; and a deduction of: - a prorated portion of the contract administrative charge; - a prorated portion of the MAV rider charge (if selected); - a prorated portion of the EEB rider charge (if selected); and/or - a prorated portion of the EEP rider charge (if selected). 34 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS Accumulation unit values will fluctuate due to: - changes in fund net asset value; - fund dividends distributed to the subaccounts; - fund capital gains or losses; - fund operating expenses; and - mortality and expense risk fees. MAKING THE MOST OF YOUR CONTRACT AUTOMATED DOLLAR-COST AVERAGING Currently, you can use automated transfers to take advantage of dollar-cost averaging (investing a fixed amount at regular intervals). For example, you might transfer a set amount monthly from a relatively conservative subaccount to a more aggressive one, or to several others, or from the fixed account to one or more subaccounts. There is no charge for dollar-cost averaging. This systematic approach can help you benefit from fluctuations in accumulation unit values caused by fluctuations in the market values of the funds. Since you invest the same amount each period, you automatically acquire more units when the market value falls and fewer units when it rises. You may not set up automated transfer if the PN program is selected. The potential effect is to lower your average cost per unit. HOW DOLLAR-COST AVERAGING WORKS
ACCUMULATION NUMBER By investing an equal number of dollars AMOUNT UNIT OF UNITS each month... MONTH INVESTED VALUE PURCHASED Jan $100 $20 5.00 Feb 100 18 5.56 you automatically buy Mar 100 17 5.88 more units when the (ARROW) Apr 100 15 6.67 per unit market price is low... May 100 16 6.25 Jun 100 18 5.56 Jul 100 17 5.88 and fewer units Aug 100 19 5.26 when the per unit (ARROW) Sept 100 21 4.76 market price is high. Oct 100 20 5.00
You paid an average price of $17.91 per unit over the 10 months, while the average market price actually was $18.10. Dollar-cost averaging does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. Because dollar-cost averaging involves continuous investing, your success will depend upon your willingness to continue to invest regularly through periods of low price levels. Dollar-cost averaging can be an effective way to help meet your long-term goals. For specific features contact your sales representative. ASSET REBALANCING You can ask us in writing to have the variable subaccount portion of your contract value allocated according to the percentages (in tenth of a percent amounts) that you choose. We automatically will rebalance the variable subaccount portion of your contract value either quarterly, semiannually, or annually. The period you select will start to run on the date we record your request. On the first valuation date of each of these periods, we automatically will rebalance your contract value so that the value in each subaccount matches your current subaccount percentage allocations. These percentage allocations must be in numbers with no more than one digit past the decimal. Asset rebalancing does not apply to the fixed account. There is no charge for asset rebalancing. The contract value must be at least $2,000. You can change your percentage allocations or your rebalancing period at any time by contacting us in writing. We will restart the rebalancing period you selected as of the date we record your change. You also can ask us in writing or by any other method acceptable to us, to stop rebalancing your contract value. You must allow 30 days for us to change any instructions that currently are in place. For more information on asset rebalancing, contact your financial advisor. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 35 Different rules apply to asset rebalancing under the Portfolio Navigator program (see "Portfolio Navigator Program" below). PORTFOLIO NAVIGATOR PROGRAM (PN PROGRAM) If you are participating in the PN program, your contract value is allocated to a PN program investment option. The PN program investment options are currently five funds of funds, each of which invests in underlying funds in proportions that vary among the funds of funds in light of each fund of funds' investment objective ("Portfolio Navigator funds"). You do not need to participate in the PN program to allocate your contract value to one or more Portfolio Navigator funds available under the PN program. You may choose to discontinue your participation in the PN program at any time. The PN program also allows those who participated in a previous version of the PN program and who previously opted out of the transfer of their contract value to Portfolio Navigator funds to remain invested in accordance with a "static" PN program model portfolio investment option that is not subject to updating or reallocation. For more information on the static model portfolios, see "The static model portfolios" below. You should review any PN program information, including the prospectus for the funds of funds, carefully. Your financial advisor can provide you with additional information and can answer questions you may have on the PN program. THE PORTFOLIO NAVIGATOR FUNDS. Each of the Portfolio Navigator funds is a fund of funds with the investment objective of seeking a high level of total return consistent with a certain level of risk by investing in various underlying funds. The funds of funds have objectives ranging from Conservative to Aggressive, and are managed within asset class allocation targets and with a broad multi-manager approach. Columbia Management Investment Advisers is the investment adviser of each of the funds of funds, and Columbia Management Investment Advisers or an affiliate is the investment adviser of each of the underlying funds in which the funds of funds invest. Morningstar Associates, LLC serves as an independent consultant to Columbia Management Investment Advisers to provide recommendations regarding portfolio construction and ongoing analysis of the funds of funds. Neither Columbia Management Investment Advisers nor Morningstar Associates, LLC serves as your investment adviser as to the allocation of your contract value under the PN program (regardless of whether you have selected a PN program investment option or have chosen to remain in a static model portfolio). Some of the underlying funds are managed on a day-to- day basis directly by Columbia Management Investment Advisers and some are managed by one or more affiliated or unaffiliated sub-advisers, subject to the oversight of Columbia Management Investment Advisers and the fund's board of trustees. Below are the target asset allocation weights (between equity and fixed income/cash underlying funds) for each of the funds of funds: 1. Variable Portfolio - Aggressive Portfolio: 80% Equity / 20% Fixed Income 2. Variable Portfolio - Moderately Aggressive Portfolio: 65% Equity / 35% Fixed Income 3. Variable Portfolio - Moderate Portfolio: 50% Equity / 50% Fixed Income 4. Variable Portfolio - Moderately Conservative Portfolio: 35% Equity / 65% Fixed Income 5. Variable Portfolio - Conservative Portfolio: 20% Equity / 80% Fixed Income FUND OF FUNDS CONFLICTS OF INTEREST. In providing investment advisory services for the funds of funds and the underlying funds in which the funds of funds invest, Columbia Management Investment Advisers is, together with its affiliates, including us, subject to competing interests that may influence its decisions. These competing interests typically arise because Columbia Management Investment Advisers or one of its affiliates serves as the investment adviser to the underlying funds and may provide other services in connection with such underlying funds, and because the compensation we and our affiliates receive for providing these investment advisory and other services varies depending on the underlying fund. For additional information about the conflicts of interest to which Columbia Management Investment Advisers and its affiliates are subject, see the funds of funds prospectus. THE STATIC MODEL PORTFOLIOS. If you have chosen to remain invested in a "static" PN program model portfolio investment option, your assets will remain invested in accordance with your current model portfolio, and you will not be provided with any updates to the model portfolio or reallocation recommendations. (The last such reallocation recommendation was provided in 2009.) Each model portfolio consists of underlying funds according to the allocation percentages stated for the model portfolio. If you are participating in the PN program through a model portfolio, you instruct us to automatically rebalance your contract value quarterly in order to maintain alignment with these allocation percentages. If you choose to remain in a static model portfolio, the investments and investment styles and policies of the underlying funds in which your contract value is invested may change. Accordingly, your model portfolio may change so that it is no longer 36 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS appropriate for your needs, even though your allocations to underlying funds do not change. Furthermore, the absence of periodic updating means that existing underlying funds will not be replaced as may be appropriate due to poor performance, changes in management personnel, or other factors. Although the model portfolios are no longer maintained on an ongoing basis, the asset allocations in the model portfolios may have been affected by conflicts of interest similar to those to which the funds of funds are subject. Certain of the underlying funds in the model portfolios are managed by Columbia Management Investment Advisers or an affiliate while others are not, and we or our affiliate had an incentive to specify greater allocation percentages for the affiliated underlying funds. PARTICIPATING IN THE PN PROGRAM. You are responsible for determining which investment option is best for you. Your financial advisor can help you make this determination. In addition, your financial advisor may provide you with an investor questionnaire, a tool to help define your investing style that is based on factors such as your investment goals, your tolerance for risk and how long you intend to invest. Your responses to the investor questionnaire can help you determine which model portfolio or investment option most closely matches your investing style. While the scoring of the investor questionnaire is objective, there is no guarantee that your responses to the investor questionnaire accurately reflect your tolerance for risk. Similarly, there is no guarantee that the investment option (or the asset mix reflected in the model portfolio, if applicable) you select or have selected after completing the investor questionnaire is appropriate to your ability to withstand investment risk. RiverSource Life is not responsible for your decision to participate in the PN program, your selection of a specific investment option or model portfolio, if applicable, or your decision to change to a different investment option. Currently, there are five Portfolio Navigator funds (and under the previous PN program five static model portfolio investment options) ranging from conservative to aggressive. You may not use more than one investment option or model portfolio at a time. Each investment option is a fund of funds. Each model portfolio consists of subaccounts and/or the fixed account (if included) according to the allocation percentages stated for the model portfolio. If you are participating in the PN program in a model portfolio, you also instruct us to automatically rebalance your contract value quarterly in order to maintain alignment with these allocation percentages. You may request a change to your fund of funds (or a transfer to a fund of funds) up to twice per contract year by written request on an authorized form or by another method agreed to by us. We reserve the right to change the terms and conditions of the PN program upon written notice to you. This includes but is not limited to the right to: - limit your choice of investment options based on the amount of your initial purchase payment we accept or when you take a surrender; - substitute a fund of funds for your model portfolio, if applicable, if permitted under applicable securities law; and - discontinue the PN program after 30 days' written notice. RISKS. Asset allocation does not guarantee that your contract will increase in value nor will it protect against a decline in value if market prices fall. By investing in a fund of funds, you may be able to reduce the volatility in your contract value, but there is no guarantee that this will happen. For additional information about the risks of investing in a fund of funds, see the prospectus for funds of funds. TRANSFERRING AMONG ACCOUNTS The transfer rights discussed in this section do not apply while the PN program is in effect. You may transfer contract value from any one subaccount, or the fixed account, to another subaccount before annuity payouts begin. Certain restrictions apply to transfers involving the fixed account. When your request to transfer will be processed depends on when we receive it: - If we receive your transfer request at our corporate office in good order before the close of business, we will process your transfer using the accumulation unit value we calculate on the valuation date we received your transfer request. - If we receive your transfer request at our corporate office in good order at or after the close of business, we will process your transfer using the accumulation unit value we calculate on the next valuation date after we received your transfer request. There is no charge for transfers. Before making a transfer, you should consider the risks involved in changing investments. Subject to state regulatory requirements, we may suspend or modify transfer privileges at any time. For more information on transfers after annuity payments begin, see "Transfer Policies" below. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 37 TRANSFER POLICIES - Before annuity payouts begin, you may transfer contract values between the subaccounts. You may also transfer contract values from the subaccounts to the fixed account. However, if you made a transfer from the fixed account to the subaccounts, you may not make a transfer from any subaccount back to the fixed account until the next contract anniversary. For contracts issued on or after July 1, 2003, currently you may transfer any amount of contract value to the fixed account. However, we reserve the right to limit the amount transferred to the fixed account so that the value of the fixed account after the transfer is not greater than 30% of the contract value. - You may transfer contract values from the fixed account to the subaccounts once a year during a 31-day transfer period starting on each contract anniversary (except for automated transfers, which can be set up at any time for certain transfer periods subject to certain minimums). For contracts issued on or after July 1, 2003, the transfers out of the fixed account are limited to the greater of: a) 30% of the fixed account value at the beginning of the contract year, or b) the amount transferred out of the fixed account in the previous contract year, excluding any automated transfer amounts. - If we receive your request within 30 days before the contract anniversary date, the transfer from the fixed account to the subaccounts will be effective on the anniversary. - If we receive your request on or within 30 days after the contract anniversary date, the transfer from the fixed account to the subaccounts will be effective on the valuation date we receive it. - We will not accept requests for transfers from the fixed account at any other time. - Once annuity payouts begin, you may not make transfers to or from the fixed account, but you may make transfers once per contract year among the subaccounts. During the annuity payout period, you cannot invest in more than five subaccounts at any one time unless we agree otherwise. MARKET TIMING Market timing can reduce the value of your investment in the contract. If market timing causes the returns of an underlying fund to suffer, contract value you have allocated to a subaccount that invests in that underlying fund will be lower too. Market timing can cause you, any joint owner of the contract and your beneficiary(ies) under the contract a financial loss. WE SEEK TO PREVENT MARKET TIMING. MARKET TIMING IS FREQUENT OR SHORT-TERM TRADING ACTIVITY. WE DO NOT ACCOMMODATE SHORT-TERM TRADING ACTIVITIES. DO NOT BUY A CONTRACT IF YOU WISH TO USE SHORT-TERM TRADING STRATEGIES TO MANAGE YOUR INVESTMENT. THE MARKET TIMING POLICIES AND PROCEDURES DESCRIBED BELOW APPLY TO TRANSFERS AMONG THE SUBACCOUNTS WITHIN THE CONTRACT. THE UNDERLYING FUNDS IN WHICH THE SUBACCOUNTS INVEST HAVE THEIR OWN MARKET TIMING POLICIES AND PROCEDURES. THE MARKET TIMING POLICIES OF THE UNDERLYING FUNDS MAY BE MORE RESTRICTIVE THAN THE MARKET TIMING POLICIES AND PROCEDURES WE APPLY TO TRANSFERS AMONG THE SUBACCOUNTS OF THE CONTRACT, AND MAY INCLUDE REDEMPTION FEES. WE RESERVE THE RIGHT TO MODIFY OUR MARKET TIMING POLICIES AND PROCEDURES AT ANY TIME WITHOUT PRIOR NOTICE TO YOU. Market timing may hurt the performance of an underlying fund in which a subaccount invests in several ways, including but not necessarily limited to: - diluting the value of an investment in an underlying fund in which a subaccount invests; - increasing the transaction costs and expenses of an underlying fund in which a subaccount invests; and, - preventing the investment adviser(s) of an underlying fund in which a subaccount invests from fully investing the assets of the fund in accordance with the fund's investment objectives. Funds available as investment options under the contract that invest in securities that trade in overseas securities markets may be at greater risk of loss from market timing, as market timers may seek to take advantage of changes in the values of securities between the close of overseas markets and the close of U.S. markets. Also, the risks of market timing may be greater for underlying funds that invest in securities such as small cap stocks, high yield bonds, or municipal securities, that may be traded infrequently. 38 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS IN ORDER TO HELP PROTECT YOU AND THE UNDERLYING FUNDS FROM THE POTENTIALLY HARMFUL EFFECTS OF MARKET TIMING ACTIVITY, WE APPLY THE FOLLOWING MARKET TIMING POLICY TO DISCOURAGE FREQUENT TRANSFERS OF CONTRACT VALUE AMONG THE SUBACCOUNTS OF THE VARIABLE ACCOUNT: We try to distinguish market timing from transfers that we believe are not harmful, such as periodic rebalancing for purposes of an asset allocation, dollar-cost averaging and asset rebalancing program that may be described in this prospectus. There is no set number of transfers that constitutes market timing. Even one transfer in related accounts may be market timing. We seek to restrict the transfer privileges of a contract owner who makes more than three subaccount transfers in any 90 day period. We also reserve the right to refuse any transfer requests, if, in our sole judgment, the dollar amount of the transfer request would adversely affect unit values. If we determine, in our sole judgment, that your transfer activity constitutes market timing, we may modify, restrict or suspend your transfer privileges to the extent permitted by applicable law, which may vary based on the state law that applies to your contract and the terms of your contract. These restrictions or modifications may include, but not be limited to: - requiring transfer requests to be submitted only by first-class U.S. mail; - not accepting hand-delivered transfer requests or requests made by overnight mail; - not accepting telephone or electronic transfer requests; - requiring a minimum time period between each transfer; - not accepting transfer requests of an agent acting under power of attorney; - limiting the dollar amount that you may transfer at any one time; - suspending the transfer privilege; or - modifying instructions under any automated transfer program to exclude a restricted fund if you do not provide new instructions. Subject to applicable state law and the terms of each contract, we will apply the policy described above to all contract owners uniformly in all cases. We will notify you in writing after we impose any modification, restriction or suspension of your transfer rights. We cannot guarantee that we will be able to identify and restrict all market timing activity. Because we exercise discretion in applying the restrictions described above, we cannot guarantee that we will be able to restrict all market timing activity. In addition, state law and the terms of some contracts may prevent us from stopping certain market timing activity. Market timing activity that we are unable to identify and/or restrict may impact the performance of the underlying funds and may result in lower contract values. IN ADDITION TO THE MARKET TIMING POLICY DESCRIBED ABOVE, WHICH APPLIES TO TRANSFERS AMONG THE SUBACCOUNTS WITHIN YOUR CONTRACT, YOU SHOULD CAREFULLY REVIEW THE MARKET TIMING POLICIES AND PROCEDURES OF THE UNDERLYING FUNDS. THE MARKET TIMING POLICIES AND PROCEDURES OF THE UNDERLYING FUNDS MAY BE MATERIALLY DIFFERENT THAN THOSE WE IMPOSE ON TRANSFERS AMONG THE SUBACCOUNTS WITHIN YOUR CONTRACT AND MAY INCLUDE MANDATORY REDEMPTION FEES AS WELL AS OTHER MEASURES TO DISCOURAGE FREQUENT TRANSFERS. AS AN INTERMEDIARY FOR THE UNDERLYING FUNDS, WE ARE REQUIRED TO ASSIST THEM IN APPLYING THEIR MARKET TIMING POLICIES AND PROCEDURES TO TRANSACTIONS INVOLVING THE PURCHASE AND EXCHANGE OF FUND SHARES. THIS ASSISTANCE MAY INCLUDE BUT NOT BE LIMITED TO PROVIDING THE UNDERLYING FUND UPON REQUEST WITH YOUR SOCIAL SECURITY NUMBER, TAXPAYER IDENTIFICATION NUMBER OR OTHER UNITED STATES GOVERNMENT-ISSUED IDENTIFIER AND THE DETAILS OF YOUR CONTRACT TRANSACTIONS INVOLVING THE UNDERLYING FUND. AN UNDERLYING FUND, IN ITS SOLE DISCRETION, MAY INSTRUCT US AT ANY TIME TO PROHIBIT YOU FROM MAKING FURTHER TRANSFERS OF CONTRACT VALUE TO OR FROM THE UNDERLYING FUND, AND WE MUST FOLLOW THIS INSTRUCTION. WE RESERVE THE RIGHT TO ADMINISTER AND COLLECT ON BEHALF OF AN UNDERLYING FUND ANY REDEMPTION FEE IMPOSED BY AN UNDERLYING FUND. MARKET TIMING POLICIES AND PROCEDURES ADOPTED BY UNDERLYING FUNDS MAY AFFECT YOUR INVESTMENT IN THE CONTRACT IN SEVERAL WAYS, INCLUDING BUT NOT LIMITED TO: - Each fund may restrict or refuse trading activity that the fund determines, in its sole discretion, represents market timing. - Even if we determine that your transfer activity does not constitute market timing under the market timing policies described above which we apply to transfers you make under the contract, it is possible that the underlying fund's market timing policies and procedures, including instructions we receive from a fund, may require us to reject your transfer request. For example, while we disregard transfers permitted under any asset allocation, dollar-cost averaging and asset rebalancing programs that may be described in this prospectus, we cannot guarantee that an underlying fund's market timing policies and procedures will do so. Orders we place to purchase fund shares for the variable account are subject to acceptance by the fund. We reserve the right to reject without prior notice to you any transfer request if the fund does not accept our order. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 39 - Each underlying fund is responsible for its own market timing policies, and we cannot guarantee that we will be able to implement specific market timing policies and procedures that a fund has adopted. As a result, a fund's returns might be adversely affected, and a fund might terminate our right to offer its shares through the variable account. - Funds that are available as investment options under the contract may also be offered to other intermediaries who are eligible to purchase and hold shares of the fund, including without limitation, separate accounts of other insurance companies and certain retirement plans. Even if we are able to implement a fund's market timing policies, we cannot guarantee that other intermediaries purchasing that same fund's shares will do so, and the returns of that fund could be adversely affected as a result. FOR MORE INFORMATION ABOUT THE MARKET TIMING POLICIES AND PROCEDURES OF AN UNDERLYING FUND, THE RISKS THAT MARKET TIMING POSE TO THAT FUND, AND TO DETERMINE WHETHER AN UNDERLYING FUND HAS ADOPTED A REDEMPTION FEE, SEE THAT FUND'S PROSPECTUS. HOW TO REQUEST A TRANSFER OR SURRENDER 1 BY LETTER Send your name, contract number, Social Security Number or Taxpayer Identification Number* and signed request for a transfer or surrender to: RIVERSOURCE LIFE INSURANCE COMPANY 70100 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS, MN 55474 MINIMUM AMOUNT Transfers or surrenders: $250 or entire account balance MAXIMUM AMOUNT Transfers or surrenders: Contract value or entire account balance * Failure to provide your Social Security Number or Taxpayer Identification Number may result in mandatory tax withholding on the taxable portion of the distribution. 2 BY AUTOMATED TRANSFERS AND AUTOMATED PARTIAL SURRENDERS Your financial advisor can help you set up automated transfers among your subaccounts or fixed account or partial surrenders from the accounts. You can start or stop this service by written request or other method acceptable to us. You must allow 30 days for us to change any instructions that are currently in place. - Automated transfers from the fixed account to any one of the subaccounts may not exceed an amount that, if continued, would deplete the fixed account within 12 months. - Automated surrenders may be restricted by applicable law under some contracts. - You may not make additional purchase payments if automated partial surrenders are in effect. - Automated partial surrenders may result in IRS taxes and penalties on all or part of the amount surrendered. - The balance in any account from which you make an automated transfer or automated partial surrender must be sufficient to satisfy your instructions. If not, we will suspend your entire automated arrangement until the balance is adequate. - If we must suspend your automated transfer or automated partial surrender arrangement for six months, we reserve the right to discontinue the arrangement in its entirety. - If the PN program is in effect, you are not allowed to set up an automated transfer. MINIMUM AMOUNT Transfers or surrenders: $50 MAXIMUM AMOUNT Transfers or surrenders: None (except for automated transfers from the fixed account) 40 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 3 BY TELEPHONE Call: (800) 862-7919 TTY service for the hearing impaired: (800) 285-8846 MINIMUM AMOUNT Transfers or surrenders: $250 or entire account balance MAXIMUM AMOUNT Transfers: Contract value or entire account balance Surrenders: $100,000 We answer telephone requests promptly, but you may experience delays when the call volume is unusually high. If you are unable to get through, use the mail procedure as an alternative. We will honor any telephone transfer or surrender requests that we believe are authentic and we will use reasonable procedures to confirm that they are. This includes asking identifying questions and tape recording calls. We will not allow a telephone surrender within 30 days of a phoned-in address change. As long as we follow the procedures, we (and our affiliates) will not be liable for any loss resulting from fraudulent requests. Telephone transfers or surrenders are automatically available. You may request that telephone transfers or surrenders not be authorized from your account by writing to us. SURRENDERS You may surrender all or part of your contract at any time before annuity payouts begin by sending us a written request or calling us. We will process your surrender request on the valuation date we receive it. If we receive your surrender request in good order at our corporate office before the close of business, we will process your surrender using the accumulation unit value we calculate on the valuation date we received your surrender request. If we receive your surrender request at our corporate office at or after the close of business, we will process your surrender using the accumulation unit value we calculate on the next valuation date after we received your surrender request. We may ask you to return the contract. You may have to pay a contract administrative charge, surrender charges, or any applicable optional rider charges (see "Charges"), and IRS taxes and penalties (see "Taxes"). You cannot make surrenders after annuity payouts begin except under Plan E (see "The Annuity Payout Period -- Annuity Payout Plans"). Any partial surrenders you take under the contract will reduce your contract value. As a result, the value of your death benefit or any optional benefits you have elected also will be reduced. In addition, surrenders you are required to take to satisfy the RMDs under the Code may reduce the value of certain death benefits and optional benefits (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). SURRENDER POLICIES If you have a balance in more than one account and you request a partial surrender, we will withdraw money from all your subaccounts and/or the fixed account in the same proportion as your value in each account correlates to your total contract value, unless you request otherwise. The minimum contract value after partial surrender is $600. RECEIVING PAYMENT 1 BY REGULAR OR EXPRESS MAIL - payable to you; - mailed to address of record. NOTE: We will charge you a fee if you request express mail delivery. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 41 2 BY WIRE - request that payment be wired to your bank; - bank account must be in the same ownership as your contract; and - pre-authorization required. NOTE: We will charge you a fee if you request that payment be wired to your bank. For instructions, please contact your financial advisor. Normally, we will send the payment within seven days after receiving your request in good order. However, we may postpone the payment if: - the surrender amount includes a purchase payment check that has not cleared; - the NYSE is closed, except for normal holiday and weekend closings; - trading on the NYSE is restricted, according to SEC rules; - an emergency, as defined by SEC rules, makes it impractical to sell securities or value the net assets of the accounts; or - the SEC permits us to delay payment for the protection of security holders. TSA -- SPECIAL PROVISIONS PARTICIPANTS IN TAX-SHELTERED ANNUITIES If the contract is intended to be used in connection with an employer sponsored 403(b) plan, additional rules relating to this contract can be found in the annuity endorsement for tax sheltered 403(b) annuities. Unless we have made special arrangements with your employer, the contract is not intended for use in connection with an employer sponsored 403(b) plan that is subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). In the event that the employer either by affirmative election or inadvertent action causes contributions under a plan that is subject to ERISA to be made to this contract, we will not be responsible for any obligations and requirements under ERISA and the regulations thereunder unless we have prior written agreement with the employer. You should consult with your employer to determine whether your 403(b) plan is subject to ERISA. In the event we have a written agreement with your employer to administer the plan pursuant to ERISA, special rules apply as set forth in the TSA endorsement. The employer must comply with certain nondiscrimination requirements for certain types of contributions under a TSA contract to be excluded from taxable income. You should consult your employer to determine whether the nondiscrimination rules apply to you. The Code imposes certain restrictions on your right to receive early distributions from a TSA: - Distributions attributable to salary reduction contributions (plus earnings) made after Dec. 31, 1988, or to transfers or rollovers from other contracts, may be made from the TSA only if: - you are at least age 59 1/2; - you are disabled as defined in the Code; - you severed employment with the employer who purchased the contract; - the distribution is because of your death; - distribution is due to plan termination; or - you are a military reservist. - If you encounter a financial hardship (as provided by the Code), you may be eligible to receive a distribution of all contract values attributable to salary reduction contributions made after Dec. 31, 1988, but not the earnings on them. - Even though a distribution may be permitted under the above rules, it may be subject to IRS taxes and penalties (see "Taxes"). - The above restrictions on distributions do not affect the availability of the amount credited to the contract as of Dec. 31, 1988. The restrictions also do not apply to transfers or exchanges of contract value within the contract, or to another registered variable annuity contract or investment vehicle available through the employer. - If the contract has a loan provision, the right to receive a loan is described in detail in your contract. 42 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS CHANGING OWNERSHIP You may change ownership of your nonqualified annuity at any time by completing a change of ownership form we approve and sending it to our corporate office. The change will become binding on us when we receive and record it. We will honor any change of ownership request in good order that we believe is authentic and we will use reasonable procedures to confirm authenticity. If we follow these procedures, we will not take any responsibility for the validity of the change. Please consider carefully whether or not you wish to change ownership of your nonqualified annuity if you have elected the MAV, EEB or EEP. If you change ownership of your contract, we will terminate the EEP. This includes both the EEP Part I benefits and the EEP Part II benefits. (See the description of these terms in "Optional Benefits.") In addition, the terms of the EEB and the MAV will change due to a change of ownership. If either the new owner or the annuitant is older than age 75, the EEB will terminate. Otherwise, the EEB will effectively "start over". We will treat the EEB as if it is issued on the day the change of ownership is made, using the attained age of the new owner as the "issue age" to determine the benefit levels. The account value on the date of the ownership change will be treated as a "purchase payment" in determining future values of "earnings at death" under the EEB. If either the new owner or the annuitant is older than age 75, the MAV will terminate. If the MAV on the date of ownership change is greater than the account value on the date of the ownership change, the MAV will be set equal to the account value. Otherwise, the MAV value will not change due to a change in ownership. Please see the descriptions of these riders in "Optional Benefits." The rider charges described in "Charges" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force) for any rider that continues after a change of ownership. We reserve the right to assess charges for the number of days the rider was in force for any rider that is terminated due to a change of ownership. If you have a nonqualified annuity, you may incur income tax liability by transferring, assigning or pledging any part of it. (See "Taxes.") If you have a qualified annuity, you may not sell, assign, transfer, discount or pledge your contract as collateral for a loan, or as security for the performance of an obligation or for any other purpose except as required or permitted by the Code. However, if the owner is a trust or custodian, or an employer acting in similar capacity, ownership of the contract may be transferred to the annuitant. BENEFITS IN CASE OF DEATH -- STANDARD DEATH BENEFIT We will pay the death benefit to your beneficiary upon the earlier of your death or the annuitant's death. If a contract has more than one person as the owner, we will pay benefits upon the first to die of any owner or the annuitant. If you or the annuitant die before annuity payouts begin while this contract is in force, we will pay the beneficiary as follows: If both you and the annuitant are age 80 or younger on the date of death, the beneficiary receives the greatest of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; - purchase payments minus adjusted partial surrenders; or - the contract value as of the most recent sixth contract anniversary, preceding the date of death, plus any purchase payments since that anniversary, minus adjusted partial surrenders since that anniversary. If either you or the annuitant are age 81 or older on the date of death, the beneficiary receives the greater of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or - purchase payments minus adjusted partial surrenders. PS X DB -------- ADJUSTED PARTIAL SURRENDERS = CV
PS = the amount by which the contract value is reduced as a result of the partial surrender. DB = is the death benefit on the date of (but prior to) the partial surrender. CV = the contract value on the date of (but prior to) the partial surrender. EXAMPLE OF STANDARD DEATH BENEFIT CALCULATION WHEN YOU AND THE ANNUITANT ARE AGE 80 OR YOUNGER: - You purchase the contract with a payment of $20,000. - On the sixth contract anniversary the contract value grows to $30,000. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 43 - During the seventh contract year the contract value falls to $28,000 at which point you take a $1,500 partial surrender, leaving a contract value of $26,500. We calculate the death benefit as follows: The contract value on the most recent sixth contract anniversary: $30,000.00 plus purchase payments made since that anniversary: +0.00 minus adjusted partial surrenders taken since that anniversary calculated as: $1,500 x $30,000 ---------------- -1,607.14 $28,000 ---------- for a death benefit of: $28,392.86
IF YOU DIE BEFORE YOUR SETTLEMENT DATE When paying the beneficiary, we will process the death claim on the valuation date our death claim requirements are fulfilled. We will determine the contract's value using the next accumulation unit value we calculate on that valuation date. We pay interest, if any, at a rate no less than required by law. If requested, we will mail payment to the beneficiary within seven days after our death claim requirements are fulfilled. NONQUALIFIED ANNUITIES If your spouse is sole beneficiary and you die before the settlement date, your spouse may keep the contract as owner with the contract value equal to the death benefit that would otherwise have been paid. To do this your spouse must, give us written instructions to continue the contract as owner. If you elected any optional contract features and riders, your spouse and the new annuitant (if applicable) will be subject to all limitations and/or restrictions of those features or riders. We will not waive surrender charges on contracts continued under the spousal continuation provision. If your beneficiary is not your spouse, we will pay the beneficiary in a lump sum unless you give us other written instructions. Generally, we must fully distribute the death benefit within five years of your death. However, the beneficiary may receive payouts under any annuity payout plan available under this contract if: - the beneficiary asks us in writing within 60 days after the day on which all documents have been received that prove your death has occurred; and - payouts begin no later than one year after your death, or other date as permitted by the IRS; and - the payout period does not extend beyond the beneficiary's life or life expectancy. QUALIFIED ANNUITIES - SPOUSE BENEFICIARY: If you have not elected an annuity payout plan, and if your spouse is the sole beneficiary, your spouse may either elect to treat the contract as his/her own, so long as he or she is eligible to do so, with the contract value equal to the death benefit that would otherwise have been paid or elect an annuity payout plan or another plan agreed to by us. If your spouse elects a payout plan, the payouts must begin no later than the year in which you would have reached age 70 1/2. If you attained age 70 1/2 at the time of death, payouts must begin no later than Dec. 31 of the year following the year of your death. If you elected any optional contract features and riders, your spouse and the new annuitant (if applicable) will be subject to all limitations and/or restrictions of those features or riders. We will not waive surrender charges on contracts continued under the spousal continuation provision. - NON-SPOUSE BENEFICIARY: If you have not elected an annuity payout plan, and if death occurs prior to the year you would have attained age 70 1/2, the beneficiary may elect to receive payouts from the contract over a five year period. If your beneficiary does not elect a five year payout, or if your death occurs after attaining age 70 1/2, we will pay the beneficiary in a lump sum unless the beneficiary elects to receive payouts under any annuity payout plan available under this contract if: - the beneficiary asks us in writing within 60 days after the day on which all documents have been received that prove your death has occurred; and - payouts begin no later than one year following the year of your death; and - the payout period does not extend beyond the beneficiary's life or life expectancy. Additionally, any optional riders, if selected, will terminate. In the event of your beneficiary's death, their beneficiary can elect to take a lump sum payment or to continue the alternative payment plan following the schedule of minimum withdrawals established based on the life expectancy of your beneficiary. 44 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS - ANNUITY PAYOUT PLAN: If you elect an annuity payout plan, the payouts to your beneficiary will continue pursuant to the annuity payout plan you elect. DEATH BENEFIT PAYMENT IN A LUMP SUM: We may pay all or part of the death benefit to your beneficiary in a lump sum under either a nonqualified or qualified annuity. We pay all proceeds by check (unless the beneficiary has chosen to have death benefit proceeds directly deposited into another Ameriprise Financial, Inc. account). If the beneficiary chooses the checking account option, the proceeds will be deposited into an interest bearing checking account issued by Ameriprise Bank, FSB, member FDIC unless the beneficiary fails to meet the requirements of using this option. OPTIONAL BENEFITS The assets held in our general account support the guarantees under your contract, including optional death benefits. To the extent that we are required to pay you amounts in addition to your contract value under these benefits, such amounts will come from our general account assets. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of insurance and financial products as well, and we also pay our obligations under these products from assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. MAXIMUM ANNIVERSARY VALUE DEATH BENEFIT (MAV) The MAV is intended to provide additional death benefit protection in the event of fluctuating fund values. This is an optional benefit that you may select for an additional annual charge (see "Charges"). The MAV does not provide any additional benefit before the first contract anniversary after the rider effective date. The MAV may be of less value if you or the annuitant is older since we stop resetting the maximum anniversary value at age 81. Although we stop resetting the maximum anniversary value at age 81, the MAV rider fee continues to apply until the rider terminates. In addition, the MAV does not provide any additional benefit with respect to fixed account values during the time you have amounts allocated to the fixed account. Be sure to discuss with your financial advisor whether or not the MAV is appropriate for your situation. If both you and the annuitant are age 75 or younger at contract issue, you may choose to add the MAV to your contract. Generally, you must elect the MAV at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the MAV may be after we issue the contract according to terms determined by us and at our sole discretion. On the first contract anniversary after the rider effective date we set the maximum anniversary value equal to the highest of your (a) current contract value, or (b) total purchase payments minus adjusted partial surrenders. Every contract anniversary after that, through age 80, we compare the previous anniversary's maximum anniversary value plus subsequent purchase payments less subsequent adjusted partial surrenders to the current contract value and we reset the maximum anniversary value if the current contract value is higher. We stop resetting the maximum anniversary value at age 81. However, we continue to add subsequent purchase payments and subtract adjusted partial surrenders from the maximum anniversary value. If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary the greatest of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or - purchase payments minus adjusted partial surrenders; or - the maximum anniversary value as calculated on the most recent contract anniversary plus subsequent purchase payments made to the contract minus adjustments for partial surrenders since that contract anniversary. TERMINATING THE MAV - You may terminate the MAV rider within 30 days of the first contract anniversary after the rider effective date. - You may terminate the MAV rider within 30 days of any contract anniversary beginning with the seventh contract anniversary. - The MAV rider will terminate when you make a full surrender from the contract or when annuity payouts begin. - The MAV rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older. If you terminate the MAV, the standard death benefit applies. For an example, see Appendix B. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 45 IN GENERAL, IF YOUR SPOUSE IS THE SOLE BENEFICIARY, your spouse may choose to continue the contract as the contract owner. The contract value will be equal to the death benefit that would otherwise have been paid under the MAV. To do this your spouse must within 60 days after our death claim requirements are fulfilled, give us written instructions to keep the contract in force. If your spouse has reached age 76 at the time he or she elects to continue the contract, the MAV rider will terminate. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract, he or she may choose to continue the MAV rider. In this case, the rider charges described in "Charges" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the MAV rider. If, at the time he or she elects to continue the contract, your spouse has not yet reached age 76 and chooses not to continue the MAV rider, the contract value will be increased to the MAV death benefit amount if it is greater than the contract value on the death benefit valuation date. ENHANCED EARNINGS DEATH BENEFIT (EEB) The EEB is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. This is an optional benefit that you may select for an additional annual charge (see "Charges"). The EEB provides for reduced benefits if you are or the annuitant is age 70 or older at the rider effective date and it does not provide any additional benefit before the first contract anniversary. The EEB also may result in reduced benefits if you take RMDs (see "Taxes -- Qualified Annuities -- Required Minimum Distributions") from your qualified annuity or any partial surrenders during the life of your contract, both of which may reduce contract earnings. This is because the benefit paid by the EEB is determined by the amount of earnings at death. Be sure to discuss with your financial advisor and your tax advisor whether or not the EEB is appropriate for your situation. If both you and the annuitant are age 75 or younger at the rider effective date, you may choose to add the EEB to your contract. Generally, you must elect the EEB at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the EEB may be after we issue the contract according to terms determined by us and at our sole discretion. You may not select this rider if you select the EEP. The EEB provides that if you die or the annuitant dies after the first contract anniversary, but before annuity payouts begin, and while this contract is in force, we will pay the beneficiary: - the standard death benefit amount (see "Benefits in Case of Death -- Standard Benefit") or the MAV death benefit amount, if applicable, PLUS - 40% of your earnings at death if you and the annuitant were under age 70 on the rider effective date; or - 15% of your earnings at death if you or the annuitant were age 70 or older on the rider effective date. Additional death benefits payable under the EEB are not included in the adjusted partial surrender calculation. EARNINGS AT DEATH FOR THE EEB AND EEP: If the rider effective date for the EEB or EEP is the contract issue date, earnings at death is an amount equal to: - the standard death benefit amount or the MAV death benefit amount, if applicable (the "death benefit amount") - MINUS purchase payments not previously surrendered. The earnings at death may not be less than zero and may not be more than 250% of the purchase payments not previously surrendered that are one or more years old. If the rider effective date for the EEB is AFTER the contract issue date, earnings at death is an amount equal to the death benefit amount - MINUS the greater of: - the contract value as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that contract value since that rider effective date; or - an amount equal to the death benefit amount as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that death benefit amount since that rider effective date - PLUS any purchase payments made on or after the EEB rider effective date not previously surrendered. 46 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS The earnings at death may not be less than zero and may not be more than 250% multiplied by: - the greater of: - the contract value as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that contract value since that rider effective date; or - an amount equal to the death benefit amount as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that death benefit amount since that rider effective date - PLUS any purchase payments made on or after the EEB rider effective date not previously surrendered that are one or more years old. TERMINATING THE EEB - You may terminate the EEB rider within 30 days of the first contract anniversary after the rider effective date. - You may terminate the EEB rider within 30 days of any contract anniversary beginning with the seventh contract anniversary after the rider effective date. - The EEB rider will terminate when you make a full surrender from the contract or when annuity payouts begin. - The EEB rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older. For an example, see Appendix B. IN GENERAL, IF YOUR SPOUSE IS THE SOLE BENEFICIARY, and your spouse chooses to continue the contract as the contract owner, we will pay an amount into the contract so that the contract value equals the total death benefit payable under the EEB. If the spouse is age 76 or older at the time he or she elects to continue the contract, then the EEB rider will terminate. If your spouse is less than age 76 at the time he or she elects to continue the contract, he or she may choose to continue the EEB. In this case, the following conditions will apply: - the EEB rider will continue, but we will treat the new contract value on the date the ownership of the contract changes to your spouse (after the additional amount is paid into the contract) as if it is a purchase payment in calculating future values of "earnings at death." - the percentages of "earnings at death" payable will be based on your spouse's age at the time he or she elects to continue the contract. - the EEB rider charges described in "Charges -- EEB Rider Fee" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the EEB rider. NOTE: For special tax considerations associated with the EEB, see "Taxes." ENHANCED EARNINGS PLUS DEATH BENEFIT (EEP) The EEP is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. This is an optional benefit that you may select for an additional annual charge (see "Charges"). The EEP provides for reduced benefits if you or the annuitant is age 70 or older at the rider effective date. It does not provide any additional benefit before the first contract anniversary and it does not provide any benefit beyond what is offered under the EEB during the second contract year. The EEP also may result in reduced benefits if you take RMDs (see "Taxes -- Qualified Annuities -- Required Minimum Distributions") from your qualified annuity or any partial surrenders during the life of your contract, both of which may reduce contract earnings. This is because part of the benefit paid by the EEP is determined by the amount of earnings at death. Be sure to discuss with your financial advisor and your tax advisor whether or not the EEP is appropriate for your situation. If both you and the annuitant are age 75 or younger at contract issue, you may choose to add the EEP to your contract. You must elect the EEP at the time you purchase your contract and your rider effective date will be the contract issue date. THIS RIDER IS ONLY AVAILABLE UNDER ANNUITIES PURCHASED THROUGH AN EXCHANGE OR DIRECT TRANSFER FROM ANOTHER ANNUITY OR A LIFE INSURANCE POLICY. You may not select this rider if you select the EEB. The EEP provides that if you die or the annuitant dies after the first contract anniversary, but before annuity payouts begin, and while this contract is in force, we will pay the beneficiary: - EEP Part I benefits, which equal the benefits payable under the EEB described above; RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 47 PLUS - EEP Part II benefits, which equal a percentage of exchange purchase payments identified at issue not previously surrendered as follows:
PERCENTAGE IF YOU AND THE ANNUITANT ARE PERCENTAGE IF YOU OR THE ANNUITANT ARE CONTRACT YEAR UNDER AGE 70 ON THE RIDER EFFECTIVE DATE 70 OR OLDER ON THE RIDER EFFECTIVE DATE One and Two 0% 0% Three and Four 10% 3.75% Five or more 20% 7.5%
Additional death benefits payable under the EEP are not included in the adjusted partial surrender calculation. If after 6 months, no exchange purchase payments have been received, we will contact you and you will have an additional 30 days to follow-up on exchange purchase payments identified at issue but not received by us. If after these 30 days we have not received any exchange purchase payments, we will convert the EEP rider into an EEB. Another way to describe the benefits payable under the EEP rider is as follows: - the standard death benefit amount (see "Benefits in Case of Death -- Standard Death Benefit") or the MAV death benefit amount, if applicable PLUS
IF YOU AND THE ANNUITANT ARE UNDER CONTRACT YEAR AGE 70 ON THE RIDER EFFECTIVE DATE, ADD . . . 1 Zero 2 40% x earnings at death (see above) 3 & 4 40% x (earnings at death + 25% of exchange purchase payment*) 5+ 40% x (earnings at death + 50% of exchange purchase payment*) IF YOU OR THE ANNUITANT ARE AGE 70 CONTRACT YEAR OR OLDER ON THE RIDER EFFECTIVE DATE, ADD . . . 1 Zero 2 15% x earnings at death 3 & 4 15% x (earnings at death + 25% of exchange purchase payment*) 5+ 15% x (earnings at death + 50% of exchange purchase payment*)
* Exchange purchase payments are purchase payments exchanged from another contract that are identified at issue and not previously surrendered. We are not responsible for identifying exchange purchase payments if we did not receive proper notification from the company from which the purchase payments are exchanged. TERMINATING THE EEP - You may terminate the EEP rider within 30 days of the first contract anniversary after the rider effective date. - You may terminate the EEP rider within 30 days of any contract anniversary beginning with the seventh contract anniversary. - The EEP rider will terminate when you make a full surrender from the contract or when annuity payouts begin. - The EEP rider will terminate in the case of an ownership change. - The EEP rider will terminate in the case of the spousal continuation if the new owner is age 76 or older. For an example, see Appendix B. IN GENERAL, IF YOUR SPOUSE IS THE SOLE BENEFICIARY, and your spouse chooses to continue the contract as the contract owner, we will pay an amount into the contract so that the contract value equals the total death benefit payable under the EEP. If your spouse at the time he or she elects to continue the contract has reached age 76, the EEP rider will terminate. If your spouse at the time he or she elects to continue the contract has not yet reached age 76, he or she cannot continue the EEP. However, he or she may choose to convert the EEP rider into an EEB. In this case, the following conditions will apply: - the EEB rider will treat the new contract value on the date the ownership of the contract changes to your spouse (after the additional amount is paid into the contract) as if it is a purchase payment in calculating future values of "earnings at death." - the percentages of "earnings at death" payable will be based on your spouse's age at the time he or she elects to continue the contract. - the EEB rider charges described in "Charges -- EEB Rider Fee" will be assessed at the next contract anniversary (and all future anniversaries when the EEB rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the EEP rider. If your spouse chooses not to convert the EEP rider into an EEB, the standard death benefit amount (or the MAV death benefit amount, if applicable) will apply. NOTE: For special tax considerations associated with the EEP, see "Taxes." 48 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS THE ANNUITY PAYOUT PERIOD As owner of the contract, you have the right to decide how and to whom annuity payouts will be made starting at the settlement date. You may select one of the annuity payout plans outlined below, or we may mutually agree on other payout arrangements. We do not deduct any surrender charges under the payout plans listed below except under Plan E. You also decide whether we will make annuity payouts on a fixed or variable basis, or a combination of fixed and variable. The amount available to purchase payouts under the plan you select is the contract value on your settlement date (less any applicable premium tax). Additionally, we currently allow you to use part of the amount available to purchase payouts, leaving any remaining contract value to accumulate on a tax-deferred basis. During the annuity payout period, you cannot invest in more than five subaccounts at any one time unless we agree otherwise. AMOUNTS OF FIXED AND VARIABLE PAYOUTS DEPEND ON: - the annuity payout plan you select; - the annuitant's age and, in most cases, the annuitant's sex; - the annuity table in the contract; and - the amounts you allocated to the accounts at settlement. In addition, for variable payouts only, amounts depend on the investment performance of the subaccounts you select. These payouts will vary from month to month because the performance of the funds will fluctuate. Fixed payouts remain the same from month to month. For information with respect to transfers between accounts after annuity payouts begin, see "Making the Most of Your Contract -- Transfer policies." ANNUITY TABLES The annuity tables in your contract (Table A and Table B) show the amount of the monthly payout for each $1,000 of contract value according to the age and, when applicable, the sex of the annuitant. (Where required by law, we will use a unisex table of settlement rates.) Table A shows the amount of the first variable payout assuming that the contract value is invested at the beginning of the annuity payout period and earns a 5% rate of return, which is reinvested and helps to support future payouts. If you ask us at least 30 days before the settlement date, we will substitute an annuity table based on an assumed 3.5% investment rate for the 5% Table A in the contract. The assumed investment rate affects both the amount of the first payout and the extent to which subsequent payouts increase or decrease. For example, annuity payouts will increase if the investment return is above the assumed investment rate and payouts will decrease if the return is below the assumed investment rate. Using the 5% assumed interest rate Table A results in a higher initial payment, but later payouts will increase more slowly when annuity unit values rise and decrease more rapidly when they decline. Table B shows the minimum amount of each fixed payout. Amounts in Table B are based on the guaranteed annual effective interest rate shown in your contract. We declare current payout rates that we use in determining the actual amount of your fixed payout. The current payout rates will equal or exceed the guaranteed payout rates shown in Table B. We will furnish these rates to you upon request. ANNUITY PAYOUT PLANS You may choose any one of these annuity payout plans by giving us written instructions at least 30 days before contract value is used to purchase the payout plan: - PLAN A - LIFE ANNUITY -- NO REFUND: We make monthly payouts until the annuitant's death. Payouts end with the last payout before the annuitant's death. We will not make any further payouts. This means that if the annuitant dies after we made only one monthly payout, we will not make any more payouts. - PLAN B - LIFE ANNUITY WITH FIVE, TEN OR 15 YEARS CERTAIN: We make monthly payouts for a guaranteed payout period of five, ten or 15 years that you elect. This election will determine the length of the payout period to the beneficiary if the annuitant should die before the elected period expires. We calculate the guaranteed payout period from the settlement date. If the annuitant outlives the elected guaranteed payout period, we will continue to make payouts until the annuitant's death. - PLAN C - LIFE ANNUITY -- INSTALLMENT REFUND: We make monthly payouts until the annuitant's death, with our guarantee that payouts will continue for some period of time. We will make payouts for at least the number of months determined by dividing the amount applied under this option by the first monthly payout, whether or not the annuitant is living. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 49 - PLAN D - JOINT AND LAST SURVIVOR LIFE ANNUITY -- NO REFUND: We make monthly payouts while both the annuitant and a joint annuitant are living. If either annuitant dies, we will continue to make monthly payouts at the full amount until the death of the surviving annuitant. Payouts end with the death of the second annuitant. - PLAN E - PAYOUTS FOR A SPECIFIED PERIOD: We make monthly payouts for a specific payout period of ten to 30 years that you elect. We will make payouts only for the number of years specified whether the annuitant is living or not. Depending on the selected time period, it is foreseeable that an annuitant can outlive the payout period selected. During the payout period, you can elect to have us determine the present value of any remaining variable payouts and pay it to you in a lump sum. We determine the present value of the remaining annuity payouts which are assumed to remain level at the amount of the payout that would have been made 7 days prior to the date we determine present value. For qualified annuities, the discount rate we use in the calculation will be either 4.72% or 6.22%, depending on the applicable assumed investment rate. For nonqualified annuities, the discount rate we use in the calculation will vary between 4.92% and 6.42%, depending on the applicable assumed investment rate. (See "Charges -- Surrender charge under Annuity Payout Plan E.") You can also take a portion of the discounted value once a year. If you do so, your monthly payouts will be reduced by the proportion of your surrender to the full discounted value. A 10% IRS penalty tax could apply if you take a surrender. (See "Taxes.") ANNUITY PAYOUT PLAN REQUIREMENTS FOR QUALIFIED ANNUITIES: If your contract is a qualified annuity, you must select a payout plan as of the settlement date set forth in your contract. You have the responsibility for electing a payout plan under your contract that complies with applicable law. Your contract describes your payout plan options. The options will generally meet certain IRS regulations governing RMDs if the payout plan meets the incidental distribution benefit requirements, if any, and the payouts are made: - in equal or substantially equal payments over a period not longer than your life expectancy of the annuitant or over the joint life expectancy of you and your designated beneficiary; or - over a period certain not longer than your life expectancy or over the joint life expectancy of you and your designated beneficiary. IF WE DO NOT RECEIVE INSTRUCTIONS: You must give us written instructions for the annuity payouts at least 30 days before the annuitant's settlement date. If you do not, we will make payouts under Plan B, with 120 monthly payouts guaranteed. Contract values that you allocated to the fixed account will provide fixed dollar payouts and contract values that you allocated among the subaccounts will provide variable annuity payouts. IF MONTHLY PAYOUTS WOULD BE LESS THAN $20: We will calculate the amount of monthly payouts at the time amounts are applied to a payout plan. If the calculations show that monthly payouts would be less than $20, we have the right to pay the contract value to the owner in a lump sum or to change the frequency of the payouts. DEATH AFTER ANNUITY PAYOUTS BEGIN: If you or the annuitant die after annuity payouts begin, we will pay any amount payable to the beneficiary as provided in the annuity payout plan in effect. TAXES Under current law, your contract has a tax-deferral feature. Generally, this means you do not pay income tax until there is a taxable distribution (or deemed distribution) from the contract. We will send a tax information reporting form for any year in which we made a taxable or reportable distribution according to our records. NONQUALIFIED ANNUITIES Generally, only the increase in the value of a non-qualified annuity contract over the investment in the contract is taxable. Certain exceptions apply. Federal tax law requires that all nonqualified deferred annuity contracts issued by the same company (and possibly its affiliates) to the same owner during a calendar year be taxed as a single, unified contract when distributions are taken from any one of those contracts. ANNUITY PAYOUTS: Generally, unlike surrenders described below, the taxation of annuity payouts is subject to exclusion ratios, i.e. a portion of each payout will be ordinary income and subject to tax, and a portion of each payout will be considered a return of part of your investment in the contract and will not be taxed. All amounts you receive after your investment in the contract is fully recovered will be subject to tax. Under Annuity Payout Plan A: Life annuity -- no refund, where the annuitant dies before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the owner for the last taxable year. Under all other annuity payout plans, where the annuity payouts end before your investment in the contract is fully recovered, the remaining portion of the 50 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS unrecovered investment may be available as a federal income tax deduction to the taxpayer for the tax year in which the payouts end. (See "The Annuity Payout Period -- Annuity Payout Plans.") Beginning in 2011, federal tax law permits taxpayers to annuitize a portion of their nonqualified annuity while leaving the remaining balance to continue to grow tax-deferred. Under the new partial annuitization rules, the portion annuitized must be received as an annuity for a period of 10 years or more, or for the lives of one or more individuals. If this requirement is met, the annuitized portion and the tax-deferred balance will generally be treated as two separate contracts for income tax purposes only. If a contract is partially annuitized, the investment in the contract is allocated between the deferred and the annuitized portions on a pro rata basis. SURRENDERS: Generally, if you surrender all or part of your nonqualified annuity before your annuity payouts begin, including withdrawals under any optional withdrawal benefit rider, your surrender will be taxed to the extent that the contract value immediately before the surrender exceeds the investment in the contract. Different rules may apply if you exchange another contract into this contract. You also may have to pay a 10% IRS penalty for surrenders of taxable income you make before reaching age 59 1/2 unless certain exceptions apply. WITHHOLDING: If you receive taxable income as a result of an annuity payout or surrender, including surrenders under any optional withdrawal benefit rider, we may deduct federal, and in some cases state withholding against the payment. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, and you have a valid U.S. address, you may be able to elect not to have any withholding occur. If the payment is part of an annuity payout plan, we generally compute the amount of withholding using payroll tables. You may provide us with a statement of how many exemptions to use in calculating the withholding. If the distribution is any other type of payment (such as partial or full surrender) we compute withholding using 10% of the taxable portion. The withholding requirements differ if we deliver payment outside the United States and/or you are a non-resident alien. Some states also may impose withholding requirements similar to the federal withholding described above. If this should be the case, we may deduct state withholding from the payment. DEATH BENEFITS TO BENEFICIARIES: The death benefit under a nonqualified contract is not exempt from estate (federal or state) or income taxes. In addition, any amount your beneficiary receives that exceeds the investment in the contract is taxable as ordinary income to the beneficiary in the year he or she receives the payments. (See also "Benefits in Case of Death -- If you Die Before the Settlement Date"). ANNUITIES OWNED BY CORPORATIONS, PARTNERSHIPS OR IRREVOCABLE TRUSTS: For nonqualified annuities, any annual increase in the value of annuities held by such entities (nonnatural persons) generally will be treated as ordinary income received during that year. However, if the trust was set up for the benefit of a natural person only, the income will generally remain tax-deferred. PENALTIES: If you receive amounts from your nonqualified annuity before reaching age 59 1/2, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty will not apply to any amount received: - because of your death or in the event of nonnatural ownership, the death of the annuitant; - because you become disabled (as defined in the Code); - if the distribution is part of a series of substantially equal periodic payments, made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary); - if it is allocable to an investment before Aug. 14, 1982; or - if annuity payouts are made under immediate annuities as defined by the Code. TRANSFER OF OWNERSHIP: Generally, if you transfer ownership of a nonqualified annuity without receiving adequate consideration, the transfer may be treated as a surrender for federal income tax purposes. If the transfer is a currently taxable event for income tax purposes, the original owner will be taxed on the amount of deferred earnings at the time of the transfer and also may be subject to the 10% IRS penalty discussed earlier. In this case, the new owner's investment in the contract will be the value of the contract at the time of the transfer. In general, this rule does not apply to transfers between spouses or former spouses. Please consult your tax advisor for further details. 1035 EXCHANGES: Section 1035 of the Code permits nontaxable exchanges of certain insurance policies, endowment contracts, annuity contracts and qualified long- term care insurance contract while providing for continued tax deferral of earnings. In addition, Section 1035 permits the carryover of the cost basis from the old policy or contract to the new policy or contract. A RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 51 1035 exchange is a transfer from one policy or contract to another policy or contract. The following are nontaxable exchanges: (1) the exchange of a life insurance policy for another life insurance policy or for an endowment, annuity or qualified long-term care insurance contracts, (2) the exchange of an endowment contract for an annuity or qualified long-term care insurance contract, or for an endowment contract under which payments will begin no later than payments would have begun under the contract exchanged, (3) the exchange of an annuity contract for another annuity contract or for a qualified long-term care insurance contract, or (4) the exchange of a qualified long-term care insurance contract for a qualified long-term insurance contract. However, if the life insurance policy has an outstanding loan, there may be tax consequences. Depending on the issue date of your original policy or contract, there may be tax or other benefits that are given up to gain the benefits of the new policy or contract. Consider whether the features and benefits of the new policy or contract outweigh any tax or other benefits of the old contract. For a partial exchange of an annuity contract for another annuity contract, the 1035 exchange is generally tax-free. The investment in the original contract and the earnings on the contract will be allocated proportionately between the original and new contracts. However, IRS Revenue Procedure 2008-24 states if withdrawals are taken from either contract within a 12 month period following a partial exchange, the 1035 exchange may be invalidated. In that case, the following will occur 1) the tax-free nature of the partial exchange can be lost, 2) the exchange will be retroactively treated as a taxable surrender on the lesser of the earnings in the original contract or the amount exchanged and 3) the entire amount of the exchange will be treated as a purchase into the second contract. You may receive an amended Form 1099-R reporting an invalidated exchange. (If certain life events occur between the date of the partial exchange and the date of the withdrawal in the first 12 months, the partial exchange could remain valid.) You should consult your tax advisor before taking any surrender from either contract. ASSIGNMENT: If you assign or pledge your contract as collateral for a loan, earnings on purchase payments you made after Aug. 13, 1982 will be taxed as a deemed distribution and you may have to pay a 10% IRS penalty. QUALIFIED ANNUITIES Adverse tax consequences may result if you do not ensure that contributions, distributions and other transactions under the contract comply with the law. Qualified annuities have minimum distribution rules that govern the timing and amount of distributions. You should refer to your retirement plan's Summary Plan Description, your IRA disclosure statement, or consult a tax advisor for additional information about the distribution rules applicable to your situation. When you use your contract to fund a retirement plan or IRA that is already tax- deferred under the Code, the contract will not provide any necessary or additional tax deferral. If your contract is used to fund an employer sponsored plan, your right to benefits may be subject to the terms and conditions of the plan regardless of the terms of the contract. ANNUITY PAYOUTS: Under a qualified annuity, except a Roth IRA, Roth 401(k) or Roth 403(b), the entire payout generally is includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non- deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars. ANNUITY PAYOUTS FROM ROTH IRAS: In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59 1/2 and meet the five year holding period. SURRENDERS: Under a qualified annuity, except a Roth IRA, Roth 401(k) or Roth 403(b), the entire surrender will generally be includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non- deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars. SURRENDERS FROM ROTH IRAS: In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59 1/2 and meet the five year holding period. REQUIRED MINIMUM DISTRIBUTIONS: Retirement plans (except for Roth IRAs) are subject to required surrenders called required minimum distributions ("RMDs") beginning at age 70 1/2. RMDs are based on the fair market value of your contract at year-end divided by life expectancy factor. Certain death benefits and optional riders may be considered in determining the fair market value of your contract for RMD purposes. This may cause your RMD to be higher. Inherited IRAs (including inherited Roth IRAs) are subject to special RMD rules. You should consult your tax advisor prior to making a purchase for an explanation of the potential tax implications to you. WITHHOLDING FOR IRAS, ROTH IRAS, SEPS AND SIMPLE IRAS: If you receive taxable income as a result of an annuity payout or a surrender, including surrenders under any optional withdrawal benefit rider, we may deduct withholding against the payment. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your 52 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, you can elect not to have any withholding occur. If the payment is part of an annuity payout plan, we generally compute the amount of withholding using payroll tables. You may provide us with a statement of how many exemptions to use in calculating the withholding. If the distribution is any other type of payment (such as a partial or full surrender) we compute withholding using 10% of the taxable portion. The withholding requirements differ if we deliver payment outside the United States and/or you are a non-resident alien. Some states also may impose withholding requirements similar to the federal withholding described above. If this should be the case, we may deduct state withholding from the payment. WITHHOLDING FOR ALL OTHER QUALIFIED ANNUITIES: If you receive directly all or part of the contract value from a qualified annuity, mandatory 20% federal income tax withholding (and possibly state income tax withholding) generally will be imposed at the time the payout is made from the plan. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. This mandatory withholding will not be imposed if instead of receiving the distribution check, you elect to have the distribution rolled over directly to an IRA or another eligible plan. Payments made to a surviving spouse instead of being directly rolled over to an IRA are also subject to mandatory 20% income tax withholding. In the below situations, the distribution is subject to an optional 10% withholding instead of the mandatory 20% withholding. We will withhold 10% of the distribution amount unless you elect otherwise. - the payout is one in a series of substantially equal periodic payouts, made at least annually, over your life or life expectancy (or the joint lives or life expectancies of you and your designated beneficiary) or over a specified period of 10 years or more; - the payout is a RMD as defined under the Code; - the payout is made on account of an eligible hardship; - the payout is a corrective distribution; or - if the distribution is made from an inherited IRA. State withholding also may be imposed on taxable distributions. PENALTIES: If you receive amounts from your qualified contract before reaching age 59 1/2, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty generally will not apply to any amount received: - because of your death; - because you become disabled (as defined in the Code); - if the distribution is part of a series of substantially equal periodic payments made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary); - if the distribution is made following severance from employment during the calendar year in which you attain age 55 (TSAs and annuities funding 401(a) plans only); or - to pay certain medical or education expenses (IRAs only). DEATH BENEFITS TO BENEFICIARIES: The entire death benefit generally is taxable as ordinary income to the beneficiary in the year he/she receives the payments from the qualified annuity. If you made non-deductible contributions to a traditional IRA, the portion of any distribution from the contract that represents after-tax contributions is not taxable as ordinary income to your beneficiary. You are responsible for keeping all records tracking your non- deductible contributions to an IRA. Death benefits under a Roth IRA generally are not taxable as ordinary income to the beneficiary if certain distribution requirements are met. (See also "Benefits in Case of Death -- If You Die Before the Settlement Date"). ASSIGNMENT: You may not assign or pledge your qualified contract as collateral for a loan. OTHER PURCHASE PAYMENT CREDITS: These are considered earnings and are taxed accordingly when surrendered or paid out. SPECIAL CONSIDERATIONS IF YOU SELECT ANY OPTIONAL RIDER: As of the date of this prospectus, we believe that charges related to these riders are not subject to current taxation. Therefore, we will not report these charges as partial surrenders from your contract. However, the IRS may determine that these charges should be treated as partial surrenders subject to taxation to the extent of any gain as well as the 10% tax penalty for surrenders before the age of 59 1/2, if applicable. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 53 We reserve the right to report charges for these riders as partial surrenders if we, as a withholding and reporting agent, believe that we are required to report them. In addition, we will report any benefits attributable to these riders on the death of you or the annuitant as an annuity death benefit distribution, not as proceeds from life insurance. IMPORTANT: Our discussion of federal tax laws is based upon our understanding of current interpretations of these laws. Federal tax laws or current interpretations of them may change. For this reason and because tax consequences are complex and highly individual and cannot always be anticipated, you should consult a tax advisor if you have any questions about taxation of your contract. RIVERSOURCE LIFE'S TAX STATUS: We are taxed as a life insurance company under the Code. For federal income tax purposes, the subaccounts are considered a part of our company, although their operations are treated separately in accounting and financial statements. Investment income is reinvested in the fund in which each subaccount invests and becomes part of that subaccount's value. This investment income, including realized capital gains, is not subject to any withholding because of federal or state income taxes. We reserve the right to make such a charge in the future if there is a change in the tax treatment of variable annuities or in our tax status as we then understand it. TAX QUALIFICATION: We intend that the contract qualify as an annuity for federal income tax purposes. To that end, the provisions of the contract are to be interpreted to ensure or maintain such tax qualification, in spite of any other provisions of the contract. We reserve the right to amend the contract to reflect any clarifications that may be needed or are appropriate to maintain such qualification or to conform the contract to any applicable changes in the tax qualification requirements. We will send you a copy of any amendments. VOTING RIGHTS As a contract owner with investments in the subaccounts, you may vote on important fund policies until annuity payouts begin. Once they begin, the person receiving them has voting rights. We will vote fund shares according to the instructions of the person with voting rights. Before annuity payouts begin, the number of votes you have is determined by applying your percentage interest in each subaccount to the total number of votes allowed to the subaccount. After annuity payouts begin, the number of votes you have is equal to: - the reserve held in each subaccount for your contract; divided by - the net asset value of one share of the applicable fund. As we make annuity payouts, the reserve for the contract decreases; therefore, the number of votes also will decrease. We calculate votes separately for each subaccount. We will send notice of shareholders' meetings, proxy materials and a statement of the number of votes to which the voter is entitled. We will vote shares for which we have not received instructions in the same proportion as the votes for which we received instructions. We also will vote the shares for which we have voting rights in the same proportion as the votes for which we received instructions. SUBSTITUTION OF INVESTMENTS We may substitute the funds in which the subaccounts invest if: - laws or regulations change; - the existing funds become unavailable; or - in our judgment, the funds no longer are suitable (or no longer the most suitable) for the subaccounts. If any of these situations occur, and if we believe it is in the best interest of persons having voting rights under the contract, we have the right to substitute a fund currently listed in this prospectus (existing fund) for another fund (new fund). The new fund may have higher fees and/or operating expenses than the existing fund. Also, the new fund may have investment objectives and policies and/or investment advisers which differ from the existing fund. We may also: - add new subaccounts; - combine any two or more subaccounts; - transfer assets to and from the subaccounts or the variable account; and 54 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS - eliminate or close any subaccounts. We will notify you of any substitution or change. If we notify you that a subaccount will be eliminated or closed, you will have a certain period of time to tell us where to reallocate purchase payments or contract value currently allocated to that subaccount. If we do not receive your reallocation instructions by the due date, we automatically will reallocate to the subaccount investing in the RiverSource Variable Portfolio -- Cash Management Fund. You may then transfer this reallocated amount in accordance with the transfer provisions of your contract (see "Transferring Between Accounts" above). In the event of substitution or any of these changes, we may amend the contract and take whatever action is necessary and appropriate without your consent or approval. However, we will not make any substitution or change without the necessary approval of the SEC and state insurance departments. ABOUT THE SERVICE PROVIDERS PRINCIPAL UNDERWRITER RiverSource Distributors, Inc. ("RiverSource Distributors"), our affiliate, serves as the principal underwriter of the contract. Its offices are located at 70100 Ameriprise Financial Center, Minneapolis, MN 55474. RiverSource Distributors is a wholly-owned subsidiary of Ameriprise Financial, Inc. Although we no longer offer the contract for sale, you may continue to make purchase payments if permitted under the terms of your contract. We pay commissions to an affiliated selling firm of up to 5.75% of purchase payments on the contract as well as service/trail commissions of up to 1.00% based on annual total contract value for as long as the contract remains in effect. We also may pay a temporary additional sales commission of up to 1.00% of purchase payments for a period of time we select. These commissions do not change depending on which subaccounts you choose to allocate your purchase payments. From time to time and in accordance with applicable laws and regulations, we may also pay or provide the selling firm with various cash and non-cash promotional incentives including, but not limited to bonuses, short-term sales incentive payments, marketing allowances, costs associated with sales conferences and educational seminars and sales recognition awards. A portion of the payments made to the selling firm may be passed on to its financial advisors in accordance with its internal compensation programs. Those programs may also include other types of cash and non-cash compensation and other benefits. Ask your financial advisor for further information about what your financial advisor and the selling firm for which he or she works may receive in connection with your contract. We pay the commissions and other compensation described above from our assets. Our assets include: - revenues we receive from fees and expenses that you will pay when buying, owning and surrendering the contract (see "Expense Summary"); - compensation we or an affiliate receive from the underlying funds in the form of distribution and services fees (see "The Variable Account and the Funds -- the funds"); - compensation we or an affiliate receive from a fund's investment adviser, subadviser, distributor or an affiliate of any of these (see "The Variable Account and the Funds -- The funds"); and - revenues we receive from other contracts and policies we sell that are not securities and other businesses we conduct. You do not directly pay the commissions and other compensation described above as the result of a specific charge or deduction under the contract. However, you may pay part of all of the commissions and other compensation described above indirectly through: - fees and expenses we collect from contract owners, including surrender charges; and - fees and expenses charged by the underlying funds in which the subaccounts you select invest, to the extent we or one of our affiliates receive revenue from the funds or an affiliated person. ISSUER We issue the contracts. We are a stock life insurance company organized in 1957 under the laws of the state of Minnesota and are located at 70100 Ameriprise Financial Center, Minneapolis, MN 55474. We are a wholly-owned subsidiary of Ameriprise Financial, Inc. We conduct a conventional life insurance business. We are licensed to do business in 49 states, the District of Columbia and American Samoa. Our primary products currently include fixed and variable annuity contracts and life insurance policies. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 55 LEGAL PROCEEDINGS Life insurance companies have been the subject of increasing regulatory, legislative and judicial scrutiny. Numerous state and federal regulatory agencies have commenced examinations and other inquiries of insurance companies regarding sales and marketing practices (including sales to older consumers and disclosure practices), compensation arrangements and anticompetitive activities. RiverSource Life is involved in the normal course of business in a number of other legal, arbitration and regulatory proceedings concerning matters arising in connection with the conduct of its business activities. RiverSource Life believes that it is not a party to, nor are any of its properties the subject of, any pending legal, arbitration or regulatory proceedings that would have a material adverse effect on its consolidated financial condition, results of operations or liquidity. However, it is possible that the outcome of any such proceedings could have a material adverse impact on results of operations in any particular reporting period as the proceedings are resolved. 56 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS APPENDICES THE PURPOSE OF THESE APPENDICES IS TO ILLUSTRATE THE OPERATION OF VARIOUS CONTRACT FEATURES AND RIDERS AND TO PROVIDE CONDENSED FINANCIAL HISTORY DISCLOSURE REGARDING THE SUBACCOUNTS. IN ORDER TO DEMONSTRATE THESE CONTRACT FEATURES AND RIDERS, AN EXAMPLE MAY SHOW HYPOTHETICAL CONTRACT VALUES. THESE CONTRACT VALUES DO NOT REPRESENT PAST OR FUTURE PERFORMANCE. ACTUAL CONTRACT VALUES MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS, INCLUDING BUT NOT LIMITED TO THE INVESTMENT EXPERIENCE OF THE SUBACCOUNTS, FIXED ACCOUNT AND THE FEES AND CHARGES THAT APPLY TO YOUR CONTRACT. THE EXAMPLES OF THE OPTIONAL DEATH BENEFITS IN APPENDIX B INCLUDE PARTIAL SURRENDERS TO ILLUSTRATE THE EFFECT OF THESE PARTIAL SURRENDERS ON THE PARTICULAR BENEFIT. THESE EXAMPLES ARE INTENDED TO SHOW HOW THE OPTIONAL DEATH BENEFITS OPERATE, AND DO NOT TAKE INTO ACCOUNT WHETHER A PARTICULAR OPTIONAL DEATH BENEFIT IS PART OF A QUALIFIED ANNUITY. QUALIFIED ANNUITIES ARE SUBJECT TO REQUIRED MINIMUM DISTRIBUTIONS AT CERTAIN AGES (SEE "TAXES -- QUALIFIED ANNUITIES -- REQUIRED MINIMUM DISTRIBUTIONS") WHICH MAY REQUIRE YOU TO TAKE PARTIAL SURRENDERS FROM THE CONTRACT. IF YOU ARE CONSIDERING THE ADDITION OF CERTAIN OPTIONAL DEATH BENEFITS TO A QUALIFIED ANNUITY, YOU SHOULD CONSULT YOUR TAX ADVISOR PRIOR TO MAKING A PURCHASE FOR AN EXPLANATION OF THE POTENTIAL TAX IMPLICATION TO YOU. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 57 APPENDIX A: EXAMPLE -- SURRENDER CHARGES PARTIAL SURRENDER CHARGE CALCULATION EXAMPLE Assume you requested a surrender of $1,000 and there is a surrender charge of 7%. The total amount we actually deduct from your contract is $1,075.27. We determine this amount as follows: AMOUNT REQUESTED $1,000 ----------------------- OR ------ = $1,075.27 1.00 - SURRENDER CHARGE .93
By applying the 7% surrender charge to $1,075.27, the surrender charge is $75.27. We pay you the $1,000 you requested. If you make a full surrender of your contract, we also will deduct the applicable contract administrative charge and the applicable prorated MAV, EEB or EEP charge. SURRENDER CHARGE CALCULATION EXAMPLE The following is an example of the calculation we would make to determine the surrender charge on a RAVA Advantage contract that contains a seven-year surrender charge schedule with this history: - We received these payments: - $10,000 paid on the contract date; - $8,000 paid on the sixth contract anniversary; - $6,000 paid on the eighth contract anniversary; and - The owner surrenders the contract for its total contract value of $26,500 and had not made any other surrenders during that contract year; and - The contract value was $28,000 on the ninth contract anniversary.
SURRENDER CHARGE EXPLANATION $ 0 $2,500 is contract earnings surrendered without charge; and 0 $300 is 10% of the prior anniversary contract value that is in excess of contract earnings surrendered without charge (from above). 10% of $28,000 = $2,800 - $2,500 = $300 0 $10,000 payment was received eight or more years before surrender and is surrendered without surrender charge; and 480 $8,000 payment is surrendered with a 6% surrender charge since there have been 3 completed years from date of purchase payment; and 420 $6,000 payment is surrendered with a 7% surrender charge since there has been 1 completed year from date of purchase payment. ---- $900
58 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS APPENDIX B: EXAMPLE -- OPTIONAL BENEFITS EXAMPLE -- MAV DEATH BENEFIT - You purchase the contract (with the MAV rider) with a payment of $20,000. - On the first contract anniversary the contract value grows to $24,000. - During the second contract year the contract value falls to $22,000, at which point you take a $1,500 partial surrender, leaving a contract value of $20,500. WE CALCULATE THE DEATH BENEFIT AS FOLLOWS: The maximum anniversary value immediately preceding the date of death plus any payments made since that anniversary minus adjusted partial surrenders: Greatest of your contract anniversary contract values: $24,000 plus purchase payments made since that anniversary: +0 minus adjusted partial surrenders, calculated as:
($1,500 x $24,000) -1,636 ------------ = ------------ $22,000 for a death benefit of: $ 22,364
EXAMPLE -- EEB DEATH BENEFIT - You purchase the contract with a payment of $100,000 and both you and the annuitant are under age 70. You select the seven-year surrender charge schedule, the MAV and the EEB. - During the first contract year the contract value grows to $105,000. The death benefit equals the standard death benefit, which is the contract value, or $105,000. You have not reached the first contract anniversary so the EEB does not provide any additional benefit at this time. - On the first contract anniversary the contract value grows to $110,000. The death benefit equals: MAV death benefit amount (contract value): $110,000 plus the EEB which equals 40% of earnings at death (MAV death benefit amount minus payments not previously surrendered): 0.40 x ($110,000 - $100,000) = +4,000 -------- Total death benefit of: $114,000
- On the second contract anniversary the contract value falls to $105,000. The death benefit equals: MAV death benefit amount (maximum anniversary value): $110,000 plus the EEB (40% of earnings at death): 0.40 x ($110,000 - $100,000) = +4,000 -------- Total death benefit of: $114,000
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 59 - During the third contract year the contract value remains at $105,000 and you request a partial surrender, including the applicable 7% surrender charge, of $50,000. We will surrender $10,500 from your contract value free of charge (10% of your prior anniversary's contract value). The remainder of the surrender is subject to a 7% surrender charge because your purchase payment is two years old, so we will surrender $39,500 ($36,735 + $2,765 in surrender charges) from your contract value. Altogether, we will surrender $50,000 and pay you $48,025. We calculate purchase payments not previously surrendered as $100,000 - $45,000 = $55,000 (remember that $5,000 of the partial surrender is contract earnings). The death benefit equals: MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): ($50,000 x $110,000) $110,000 - ------------ = $57,619 $105,000
plus the EEB (40% of earnings at death): 0.40 x ($57,619 - $55,000) = +1,048 ------- Total death benefit of: $58,667
- On the third contract anniversary the contract value falls by $40,000. The death benefit remains at $58,667. The reduction in contract value has no effect. - On the ninth contract anniversary the contract value grows to a new high of $200,000. Earnings at death reaches its maximum of 250% of purchase payments not previously surrendered that are one or more years old. The death benefit equals: MAV death benefit amount (contract value): $200,000 plus the EEB (40% of earnings at death): 0.40 x 2.50 x ($55,000) = +55,000 -------- Total death benefit of: $255,000
- During the tenth contract year you make an additional purchase payment of $50,000 and your contract value grows to $250,000. The new purchase payment is less than one year old and so it has no effect on the EEB. The death benefit equals: MAV death benefit amount (contract value): $250,000 plus the EEB (40% of earnings at death): 0.40 x 2.50 x ($55,000) = +55,000 -------- Total death benefit of: $305,000
- During the eleventh contract year the contract value remains $250,000 and the "new" purchase payment is now one year old. The value of the EEB changes. The death benefit equals: MAV death benefit amount (contract value): $250,000 plus the EEB which equals 40% of earnings at death (the standard death benefit amount minus payments not previously surrendered): 0.40 x ($250,000 - $105,000) = +58,000 -------- Total death benefit of: $308,000
EXAMPLE -- EEP DEATH BENEFIT - You purchase the contract with an exchange purchase payment of $100,000 and both you and the annuitant are under age 70. You select the seven-year surrender charge schedule, the MAV and the EEP. - During the first contract year the contract value grows to $105,000. The death benefit equals the standard death benefit amount, which is the contract value, or $105,000. You have not reached the first contract anniversary so neither the EEP Part I nor Part II provides any additional benefit at this time. 60 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS - On the first contract anniversary the contract value grows to $110,000. You have not reached the second contract anniversary so the EEP Part II does not provide any additional benefit at this time. The death benefit equals: MAV death benefit amount (contract value): $110,000 plus the EEP Part I which equals 40% of earnings at death (the MAV death benefit amount minus purchase payments not previously surrendered): 0.40 x ($110,000 - $100,000) = +4,000 -------- Total death benefit of: $114,000
- On the second contract anniversary the contract value falls to $105,000. The death benefit equals: MAV death benefit amount (maximum anniversary value): $110,000 plus the EEP Part I (40% of earnings at death): 0.40 x ($110,000 - $100,000) = +4,000 plus the EEP Part II which in the third contract year equals 10% of exchange purchase payments identified at issue and not previously surrendered: 0.10 x $100,000 = +10,000 -------- Total death benefit of: $124,000
- During the third contract year the contract value remains at $105,000 and you request a partial surrender, including the applicable 7% surrender charge, of $50,000. We will surrender $10,500 from your contract value free of charge (10% of your prior anniversary's contract value). The remainder of the surrender is subject to a 7% surrender charge because your purchase payment is two years old, so we will surrender $39,500 ($36,735 + $2,765 in surrender charges) from your contract value. Altogether, we will surrender $50,000 and pay you $47,235. We calculate purchase payments not previously surrendered as $100,000 - $45,000 = $55,000 (remember that $5,000 of the partial surrender is contract earnings). The death benefit equals: MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): ($50,000 x $110,000) $110,000 - ------------ = $57,619 $105,000
plus the EEP Part I (40% of earnings at death): 0.40 x ($57,619 - $55,000) = +1,048 plus the EEP Part II which in the third contract year equals 10% of exchange purchase payments identified at issue and not previously surrendered: 0.10 x $55,000 = +5,500 ------- Total death benefit of: $64,167
- On the third contract anniversary the contract value falls by $40,000. The death benefit remains at $64,167. The reduction in contract value has no effect. - On the ninth contract anniversary the contract value grows to a new high of $200,000. Earnings at death reaches its maximum of 250% of purchase payments not previously surrendered that are one or more years old. Because we are beyond the fourth contract anniversary the EEP also reaches its maximum of 20%. The death benefit equals: MAV death benefit amount (contract value): $200,000 plus the EEP Part I (40% of earnings at death): 0.40 x (2.50 x $55,000) = +55,000 plus the EEP Part II which after the fourth contract year equals 20% of exchange purchase payments identified at issue and not previously surrendered: 0.20 x $55,000 = +11,000 -------- Total death benefit of: $266,000
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 61 - During the tenth contract year you make an additional purchase payment of $50,000 and your contract value grows to $250,000. The new purchase payment is less than one year old and so it has no effect on either the EEP Part I or EEP Part II. The death benefit equals: MAV death benefit amount (contract value): $250,000 plus the EEP Part I (40% of earnings at death): 0.40 x (2.50 x $55,000) = +55,000 plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments identified at issue and not previously surrendered: 0.20 x $55,000 = +11,000 -------- Total death benefit of: $316,000
- During the eleventh contract year the contract value remains $250,000 and the "new" purchase payment is now one year old. The value of the EEP Part I changes but the value of the EEP Part II remains constant. The death benefit equals: MAV death benefit amount (contract value): $250,000 plus the EEP Part I which equals 40% of earnings at death (the MAV death benefit minus payments not previously surrendered): 0.40 x ($250,000 - $105,000) = +58,000 plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments identified at issue and not previously surrendered: 0.20 x $55,000 = +11,000 -------- Total death benefit of: $319,000
62 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS APPENDIX C: CONDENSED FINANCIAL INFORMATION (UNAUDITED) The following tables give per-unit information about the financial history of each subaccount. The date in which operations commenced in each subaccount is noted in parentheses. We have not provided this information for subaccounts that were not available under your contract as of Dec. 31, 2010.
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.07 $0.71 $1.36 $1.14 $1.06 $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 $1.07 $0.71 $1.36 $1.14 $1.06 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,452 5,299 3,750 4,111 14,120 2,021 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $0.95 $0.80 $1.35 $1.30 $1.12 $1.08 $0.98 $0.74 $0.96 $1.00 Accumulation unit value at end of period $1.06 $0.95 $0.80 $1.35 $1.30 $1.12 $1.08 $0.98 $0.74 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 55,671 68,595 84,420 116,725 135,093 149,316 125,010 82,114 43,189 5,550 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $1.63 $1.23 $2.64 $2.52 $1.88 $1.63 $1.31 $0.92 $0.98 $1.00 Accumulation unit value at end of period $1.69 $1.63 $1.23 $2.64 $2.52 $1.88 $1.63 $1.31 $0.92 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 102,937 150,692 202,780 217,241 203,016 153,107 70,504 34,604 12,313 805 -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.22 $0.92 $1.68 $1.44 $1.16 $1.03 $0.91 $0.73 $0.93 $1.00 Accumulation unit value at end of period $1.37 $1.22 $0.92 $1.68 $1.44 $1.16 $1.03 $0.91 $0.73 $0.93 Number of accumulation units outstanding at end of period (000 omitted) 22,872 26,575 32,736 42,202 45,349 43,612 34,180 21,555 11,378 1,950 -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.87 $0.68 $0.90 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.03 $0.87 $0.68 $0.90 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,924 48,044 54,402 56,815 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.92 $0.69 $1.19 $0.99 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.06 $0.92 $0.69 $1.19 $0.99 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,063 11,805 12,809 13,321 78,916 10,074 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.29 $1.08 $1.49 $1.59 $1.35 $1.30 $1.15 $0.90 $1.04 $1.00 Accumulation unit value at end of period $1.45 $1.29 $1.08 $1.49 $1.59 $1.35 $1.30 $1.15 $0.90 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 64,096 72,598 82,749 118,591 136,167 142,660 110,681 74,984 42,497 7,356 -------------------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (05/01/2000) Accumulation unit value at beginning of period $0.97 $0.78 $1.14 $1.12 $1.04 $0.99 $0.92 $0.78 $0.89 $0.96 Accumulation unit value at end of period $1.07 $0.97 $0.78 $1.14 $1.12 $1.04 $0.99 $0.92 $0.78 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 14,304 15,940 18,431 21,893 24,975 23,850 20,551 15,315 9,520 4,490 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.07 $0.86 $1.24 $1.23 $1.08 $1.05 $0.97 $0.81 $0.94 $1.05 Accumulation unit value at end of period $1.19 $1.07 $0.86 $1.24 $1.23 $1.08 $1.05 $0.97 $0.81 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 61,921 74,529 61,707 86,628 89,309 92,705 84,704 79,035 64,273 37,760 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (09/15/1999) Accumulation unit value at beginning of period $1.22 $1.22 $1.20 $1.16 $1.12 $1.10 $1.10 $1.10 $1.09 $1.06 Accumulation unit value at end of period $1.21 $1.22 $1.22 $1.20 $1.16 $1.12 $1.10 $1.10 $1.10 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 134,040 197,288 399,214 286,121 258,492 193,996 187,100 203,753 255,251 243,870 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 3) at Dec. 31, 2010 were (0.86%) and (0.86%), respectively. -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.48 $1.30 $1.40 $1.34 $1.30 $1.28 $1.23 $1.19 $1.13 $1.06 Accumulation unit value at end of period $1.59 $1.48 $1.30 $1.40 $1.34 $1.30 $1.28 $1.23 $1.19 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 282,705 638,984 610,707 599,680 511,100 332,677 221,377 188,939 154,530 83,968 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.45 $1.15 $1.94 $1.81 $1.52 $1.35 $1.15 $0.82 $1.02 $1.01 Accumulation unit value at end of period $1.68 $1.45 $1.15 $1.94 $1.81 $1.52 $1.35 $1.15 $0.82 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 256,449 508,061 530,216 560,416 585,144 408,559 255,776 134,486 86,442 43,328 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.69 $0.56 $0.98 $0.96 $0.84 $0.79 $0.75 $0.59 $0.76 $0.93 Accumulation unit value at end of period $0.80 $0.69 $0.56 $0.98 $0.96 $0.84 $0.79 $0.75 $0.59 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 218,715 257,537 301,682 383,078 450,207 263,828 130,790 69,981 52,124 26,327 --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 63
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $2.23 $1.29 $2.81 $2.05 $1.54 $1.16 $0.94 $0.68 $0.72 $0.74 Accumulation unit value at end of period $2.65 $2.23 $1.29 $2.81 $2.05 $1.54 $1.16 $0.94 $0.68 $0.72 Number of accumulation units outstanding at end of period (000 omitted) 56,730 80,593 111,551 89,546 89,672 75,520 22,549 8,256 4,750 1,789 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.68 $1.52 $1.54 $1.44 $1.36 $1.44 $1.32 $1.18 $1.03 $1.03 Accumulation unit value at end of period $1.78 $1.68 $1.52 $1.54 $1.44 $1.36 $1.44 $1.32 $1.18 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 88,623 195,536 201,728 204,316 169,931 130,135 82,347 51,936 31,133 16,572 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.19 $1.12 $1.13 $1.05 $1.05 $1.03 $1.00 -- -- -- Accumulation unit value at end of period $1.23 $1.19 $1.12 $1.13 $1.05 $1.05 $1.03 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 92,837 302,524 171,393 147,400 161,490 91,038 2,274 -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.57 $1.03 $1.39 $1.37 $1.25 $1.21 $1.09 $0.88 $0.95 $0.91 Accumulation unit value at end of period $1.78 $1.57 $1.03 $1.39 $1.37 $1.25 $1.21 $1.09 $0.88 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 111,083 137,350 147,297 218,538 251,768 262,154 242,254 177,150 93,845 58,348 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.33 $0.94 $1.16 $1.14 $1.07 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.49 $1.33 $0.94 $1.16 $1.14 $1.07 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 56,452 229,076 128,653 116,516 109,316 29,477 1,052 -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.94 $0.74 $1.26 $1.12 $0.91 $0.81 $0.69 $0.55 $0.67 $0.95 Accumulation unit value at end of period $1.06 $0.94 $0.74 $1.26 $1.12 $0.91 $0.81 $0.69 $0.55 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 39,494 48,442 55,412 75,421 80,961 77,787 51,446 23,614 20,012 15,821 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.56 $0.41 $0.75 $0.73 $0.66 $0.62 $0.57 $0.48 $0.65 $0.95 Accumulation unit value at end of period $0.65 $0.56 $0.41 $0.75 $0.73 $0.66 $0.62 $0.57 $0.48 $0.65 Number of accumulation units outstanding at end of period (000 omitted) 124,302 147,034 180,650 283,769 326,108 323,849 191,140 192,314 135,693 129,186 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.90 $0.72 $1.19 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $0.90 $0.72 $1.19 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 86,635 378,240 310,527 204,077 121,798 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.65 $1.27 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.89 $0.65 $1.27 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26,527 32,788 41,006 32,112 59,299 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (05/01/2001) Accumulation unit value at beginning of period $1.22 $0.75 $1.37 $1.22 $1.23 $1.12 $1.04 $0.85 $1.00 $1.00 Accumulation unit value at end of period $1.53 $1.22 $0.75 $1.37 $1.22 $1.23 $1.12 $1.04 $0.85 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 34,995 40,215 38,730 50,337 62,826 47,283 53,376 42,780 16,388 2,489 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.14 $0.81 $1.49 $1.36 $1.19 $1.00 -- -- -- -- Accumulation unit value at end of period $1.38 $1.14 $0.81 $1.49 $1.36 $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 33,723 57,405 76,989 71,709 101,239 6,605 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $0.81 $0.65 $1.04 $1.00 $0.87 $0.84 $0.77 $0.61 $0.79 $0.91 Accumulation unit value at end of period $0.93 $0.81 $0.65 $1.04 $1.00 $0.87 $0.84 $0.77 $0.61 $0.79 Number of accumulation units outstanding at end of period (000 omitted) 77,987 91,208 100,420 127,010 139,008 154,949 144,039 103,587 64,771 35,957 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.00 $0.80 $1.33 $1.34 $1.14 $1.10 $1.00 -- -- -- Accumulation unit value at end of period $1.19 $1.00 $0.80 $1.33 $1.34 $1.14 $1.10 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 10,640 6,269 5,696 7,988 7,937 6,232 3,498 -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.42 $1.03 $1.68 $1.77 $1.60 $1.53 $1.30 $0.89 $1.08 $1.16 Accumulation unit value at end of period $1.79 $1.42 $1.03 $1.68 $1.77 $1.60 $1.53 $1.30 $0.89 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 19,549 21,859 26,621 38,095 49,721 59,243 61,563 44,627 29,202 22,792 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.33 $1.27 $1.31 $1.25 $1.22 $1.21 $1.21 $1.20 $1.14 $1.08 Accumulation unit value at end of period $1.36 $1.33 $1.27 $1.31 $1.25 $1.22 $1.21 $1.21 $1.20 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 95,906 109,059 125,698 120,018 125,729 145,087 160,725 155,718 124,866 50,510 --------------------------------------------------------------------------------------------------------------------------
64 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.74 $1.13 $0.97 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.88 $0.74 $1.13 $0.97 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 37,446 39,767 30,400 17,045 51,380 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,289 11,669 6,188 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.98 $0.84 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.98 $0.84 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17,928 16,032 11,487 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.91 $0.76 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 51,467 45,180 25,617 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.74 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.89 $0.74 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,182 27,720 16,958 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.94 $0.80 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.94 $0.80 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,280 22,560 11,805 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.08 $0.75 $1.04 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.17 $1.08 $0.75 $1.04 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 74,514 162,181 119,741 111,086 103,830 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.92 $0.68 $1.20 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.07 $0.92 $0.68 $1.20 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 192,769 269,589 398,515 294,643 244,121 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.02 $0.81 $1.40 $1.26 $1.13 $1.06 $1.01 $0.82 $1.00 $1.00 Accumulation unit value at end of period $1.16 $1.02 $0.81 $1.40 $1.26 $1.13 $1.06 $1.01 $0.82 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 77,301 92,559 113,690 148,743 173,861 189,109 187,351 119,284 48,686 6,363 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.96 $1.41 $2.36 $2.06 $1.85 $1.58 $1.27 $0.93 $1.04 $1.00 Accumulation unit value at end of period $2.50 $1.96 $1.41 $2.36 $2.06 $1.85 $1.58 $1.27 $0.93 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 132,015 187,652 236,346 264,423 290,678 260,492 188,565 109,647 50,458 6,903 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.33 $1.06 $1.91 $1.64 $1.40 $1.19 $1.06 $0.75 $0.95 $1.00 Accumulation unit value at end of period $1.49 $1.33 $1.06 $1.91 $1.64 $1.40 $1.19 $1.06 $0.75 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 36,566 43,314 53,513 66,434 74,339 70,878 66,935 31,322 13,157 2,147 -------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $1.71 $1.45 $2.53 $3.23 $2.70 $2.39 $1.83 $1.36 $1.34 $1.25 Accumulation unit value at end of period $2.06 $1.71 $1.45 $2.53 $3.23 $2.70 $2.39 $1.83 $1.36 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 42,372 50,767 62,873 93,100 128,540 139,618 120,456 87,330 59,317 24,477 -------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $2.02 $1.58 $2.38 $2.45 $2.11 $1.96 $1.59 $1.21 $1.35 $1.19 Accumulation unit value at end of period $2.58 $2.02 $1.58 $2.38 $2.45 $2.11 $1.96 $1.59 $1.21 $1.35 Number of accumulation units outstanding at end of period (000 omitted) 34,971 42,025 52,033 66,946 78,886 78,073 59,293 43,978 29,743 10,800 --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 65
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.21 $0.97 $1.55 $1.51 $1.29 $1.17 $1.05 $0.85 $0.97 $1.00 Accumulation unit value at end of period $1.34 $1.21 $0.97 $1.55 $1.51 $1.29 $1.17 $1.05 $0.85 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 50,331 57,678 68,255 94,998 90,391 69,986 45,710 26,370 10,942 942 -------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $2.26 $1.71 $2.73 $2.67 $2.31 $2.07 $1.65 $1.30 $1.37 $1.23 Accumulation unit value at end of period $2.80 $2.26 $1.71 $2.73 $2.67 $2.31 $2.07 $1.65 $1.30 $1.37 Number of accumulation units outstanding at end of period (000 omitted) 64,121 78,043 97,291 139,637 163,687 174,918 115,616 83,015 56,079 23,748 -------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $0.85 $0.71 $1.14 $1.16 $1.04 $0.98 $0.86 $0.67 $0.86 $0.99 Accumulation unit value at end of period $0.96 $0.85 $0.71 $1.14 $1.16 $1.04 $0.98 $0.86 $0.67 $0.86 Number of accumulation units outstanding at end of period (000 omitted) 90,486 108,298 131,282 187,585 231,223 248,935 128,074 83,166 71,820 60,343 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $0.85 $0.71 $1.25 $1.12 $1.07 $0.99 $0.94 $0.73 $0.98 $1.00 Accumulation unit value at end of period $0.97 $0.85 $0.71 $1.25 $1.12 $1.07 $0.99 $0.94 $0.73 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 59,537 67,782 76,677 90,475 109,952 134,591 39,117 20,015 11,313 1,710 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $1.19 $0.84 $1.61 $1.47 $1.27 $1.17 $1.02 $0.76 $0.98 $1.00 Accumulation unit value at end of period $1.40 $1.19 $0.84 $1.61 $1.47 $1.27 $1.17 $1.02 $0.76 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 10,525 13,229 16,534 23,253 25,868 24,349 20,043 10,924 6,981 1,459 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. DYNAMICS FUND, SERIES I SHARES* (08/13/2001) Accumulation unit value at beginning of period $1.03 $0.73 $1.41 $1.27 $1.10 $1.00 $0.89 $0.65 $0.96 $1.00 Accumulation unit value at end of period $1.26 $1.03 $0.73 $1.41 $1.27 $1.10 $1.00 $0.89 $0.65 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 3,091 3,764 4,639 6,317 7,291 8,602 10,118 10,880 6,887 1,550 *Invesco V.I. Dynamics Fund, Series I Shares is scheduled to be merged into Invesco V.I. Capital Development Fund, Series I Shares on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES I SHARES (08/13/2001) Accumulation unit value at beginning of period $0.54 $0.43 $1.06 $1.38 $1.19 $1.14 $1.05 $0.82 $0.97 $1.00 Accumulation unit value at end of period $0.59 $0.54 $0.43 $1.06 $1.38 $1.19 $1.14 $1.05 $0.82 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 13,352 14,877 13,625 9,208 12,088 10,621 10,625 8,724 5,572 1,081 *Invesco V.I. Financial Services Fund, Series I Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series I Shares on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.01 $0.80 $1.13 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.06 $1.01 $0.80 $1.13 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7,456 8,089 8,014 5,881 33,923 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.24 $0.93 $1.57 $1.39 $1.09 $1.00 -- -- -- -- Accumulation unit value at end of period $1.39 $1.24 $0.93 $1.57 $1.39 $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 36,189 128,526 99,290 48,018 1,744 127 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. TECHNOLOGY FUND, SERIES I SHARES (08/13/2001) Accumulation unit value at beginning of period $0.73 $0.47 $0.85 $0.80 $0.73 $0.72 $0.69 $0.48 $0.91 $1.00 Accumulation unit value at end of period $0.88 $0.73 $0.47 $0.85 $0.80 $0.73 $0.72 $0.69 $0.48 $0.91 Number of accumulation units outstanding at end of period (000 omitted) 21,966 21,730 19,001 21,716 25,440 31,926 14,454 7,882 3,769 490 -------------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.08 $0.85 $1.33 $1.37 $1.19 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.24 $1.08 $0.85 $1.33 $1.37 $1.19 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 100,324 178,986 227,595 224,730 258,223 203,272 36,974 -- -- -- -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES GLOBAL TECHNOLOGY PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $0.45 $0.29 $0.52 $0.43 $0.40 $0.36 $0.36 $0.25 $0.43 $0.68 Accumulation unit value at end of period $0.55 $0.45 $0.29 $0.52 $0.43 $0.40 $0.36 $0.36 $0.25 $0.43 Number of accumulation units outstanding at end of period (000 omitted) 27,036 27,957 23,828 28,860 30,606 32,606 37,258 40,520 37,200 34,767 -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.85 $0.63 $1.06 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 31,752 305,123 238,472 154,650 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES OVERSEAS PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $1.44 $0.81 $1.71 $1.34 $0.92 $0.70 $0.60 $0.45 $0.61 $0.80 Accumulation unit value at end of period $1.78 $1.44 $0.81 $1.71 $1.34 $0.92 $0.70 $0.60 $0.45 $0.61 Number of accumulation units outstanding at end of period (000 omitted) 55,565 61,696 69,375 80,158 77,239 72,832 75,760 81,742 81,189 60,527 --------------------------------------------------------------------------------------------------------------------------
66 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.67 $0.48 $0.77 $0.70 $0.66 $0.64 $0.59 $0.48 $0.68 $0.91 Accumulation unit value at end of period $0.74 $0.67 $0.48 $0.77 $0.70 $0.66 $0.64 $0.59 $0.48 $0.68 Number of accumulation units outstanding at end of period (000 omitted) 57,389 67,421 63,755 80,158 100,533 117,493 108,239 91,666 69,576 50,212 -------------------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.98 $0.61 $1.01 $0.99 $0.89 $0.85 $0.81 $0.61 $0.90 $0.96 Accumulation unit value at end of period $1.32 $0.98 $0.61 $1.01 $0.99 $0.89 $0.85 $0.81 $0.61 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 25,934 28,887 32,039 42,261 51,188 62,995 77,406 74,690 59,272 34,072 -------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (08/13/2001) Accumulation unit value at beginning of period $1.83 $1.39 $2.25 $1.78 $1.37 $1.18 $0.92 $0.68 $0.89 $1.00 Accumulation unit value at end of period $2.07 $1.83 $1.39 $2.25 $1.78 $1.37 $1.18 $0.92 $0.68 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 47,357 56,324 67,989 78,212 71,164 55,870 28,362 18,051 10,543 2,997 -------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.86 $0.61 $1.11 $1.23 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.86 $0.61 $1.11 $1.23 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,144 67,174 88,969 51,109 51,499 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.99 $0.64 $1.20 $0.99 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.30 $0.99 $0.64 $1.20 $0.99 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17,947 18,479 17,546 14,940 37,273 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.76 $0.57 $1.07 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.92 $0.76 $0.57 $1.07 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,073 75,726 78,811 64,614 57,067 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.31 $0.95 $1.60 $1.52 $1.31 $1.16 $1.00 -- -- -- Accumulation unit value at end of period $1.51 $1.31 $0.95 $1.60 $1.52 $1.31 $1.16 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 29,183 31,543 36,705 48,173 51,514 33,811 11,540 -- -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.25 $1.07 $1.26 $1.16 $1.09 $1.07 $1.00 -- -- -- Accumulation unit value at end of period $1.43 $1.25 $1.07 $1.26 $1.16 $1.09 $1.07 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 265,863 519,119 569,070 536,032 339,587 150,945 22,945 -- -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.17 $0.86 $1.40 $1.43 $1.26 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.43 $1.17 $0.86 $1.40 $1.43 $1.26 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 19,999 23,658 27,205 34,265 34,462 18,592 7,652 -- -- -- -------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.13 $0.93 $1.12 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.26 $1.13 $0.93 $1.12 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 75,522 218,702 228,912 161,214 154,199 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT GLOBAL HEALTH CARE FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.13 $0.90 $1.10 $1.11 $1.09 $0.97 $0.91 $0.78 $0.98 $1.00 Accumulation unit value at end of period $1.15 $1.13 $0.90 $1.10 $1.11 $1.09 $0.97 $0.91 $0.78 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 10,511 12,725 15,248 19,770 25,848 27,299 21,518 18,023 11,416 2,137 -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT INTERNATIONAL EQUITY FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.21 $0.98 $1.75 $1.63 $1.29 $1.15 $1.00 $0.78 $0.96 $1.00 Accumulation unit value at end of period $1.32 $1.21 $0.98 $1.75 $1.63 $1.29 $1.15 $1.00 $0.78 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 13,460 16,372 20,502 29,411 34,316 37,980 40,598 38,012 20,773 2,460 -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17,030 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 22,643 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 287,015 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 67
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 19,114 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 171,495 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.68 $1.12 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.89 $0.68 $1.12 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 24,428 303,537 183,635 117,605 123,150 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.16 $0.85 $1.36 $1.29 $1.12 $1.12 $1.00 -- -- -- Accumulation unit value at end of period $1.40 $1.16 $0.85 $1.36 $1.29 $1.12 $1.12 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,535 5,203 6,409 9,188 9,786 10,247 4,730 -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.10 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 150,412 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.10 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,625,658 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 85,099 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,122,490 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 53,054 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 454,692 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (08/14/2001) Accumulation unit value at beginning of period $1.66 $1.22 $1.80 $1.91 $1.60 $1.52 $1.28 $0.93 $1.07 $1.00 Accumulation unit value at end of period $2.05 $1.66 $1.22 $1.80 $1.91 $1.60 $1.52 $1.28 $0.93 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 48,893 149,191 156,845 148,793 126,637 127,559 90,541 67,609 43,199 6,885 -------------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (09/15/1999) Accumulation unit value at beginning of period $2.11 $1.42 $2.62 $2.27 $1.67 $1.38 $1.07 $0.72 $0.85 $1.08 Accumulation unit value at end of period $2.61 $2.11 $1.42 $2.62 $2.27 $1.67 $1.38 $1.07 $0.72 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 80,435 131,326 142,736 164,570 186,862 170,230 104,567 66,022 43,554 27,818 -------------------------------------------------------------------------------------------------------------------------- WANGER USA (09/15/1999) Accumulation unit value at beginning of period $1.67 $1.18 $1.98 $1.89 $1.77 $1.60 $1.36 $0.96 $1.16 $1.05 Accumulation unit value at end of period $2.05 $1.67 $1.18 $1.98 $1.89 $1.77 $1.60 $1.36 $0.96 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 102,578 155,213 176,483 212,646 235,960 241,623 184,961 129,824 78,311 40,791 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (12/08/2003) Accumulation unit value at beginning of period $1.08 $0.80 $1.20 $1.12 $1.00 $0.93 $0.86 $0.83 -- -- Accumulation unit value at end of period $1.24 $1.08 $0.80 $1.20 $1.12 $1.00 $0.93 $0.86 -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,644 13,118 11,157 13,704 15,189 16,191 11,992 9,885 -- -- -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INDEX ASSET ALLOCATION FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.10 $0.96 $1.37 $1.28 $1.15 $1.10 $1.02 $0.84 $0.97 $1.00 Accumulation unit value at end of period $1.24 $1.10 $0.96 $1.37 $1.28 $1.15 $1.10 $1.02 $0.84 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 15,176 19,120 25,423 37,314 40,046 43,629 41,656 30,948 14,864 3,799 --------------------------------------------------------------------------------------------------------------------------
68 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.22 $1.06 $1.83 $1.61 $1.32 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.41 $1.22 $1.06 $1.83 $1.61 $1.32 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20,616 113,414 12,645 16,521 19,055 15,273 4,245 -- -- -- -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.26 $0.86 $1.44 $1.36 $1.22 $1.14 $0.97 $0.72 $0.99 $1.00 Accumulation unit value at end of period $1.54 $1.26 $0.86 $1.44 $1.36 $1.22 $1.14 $0.97 $0.72 $0.99 Number of accumulation units outstanding at end of period (000 omitted) 16,904 19,019 22,799 30,772 36,471 41,049 43,145 38,865 25,397 3,701 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.18 $0.78 $1.34 $1.18 $0.97 $0.92 $0.81 $0.58 $0.94 $1.00 Accumulation unit value at end of period $1.48 $1.18 $0.78 $1.34 $1.18 $0.97 $0.92 $0.81 $0.58 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 28,351 31,042 29,488 35,670 25,726 19,618 22,185 19,289 9,992 2,060 --------------------------------------------------------------------------------------------------------------------------
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.07 $0.70 $1.35 $1.14 $1.06 $1.00 -- -- -- -- Accumulation unit value at end of period $1.25 $1.07 $0.70 $1.35 $1.14 $1.06 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,571 3,654 2,593 2,415 5,609 801 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $0.93 $0.78 $1.34 $1.29 $1.11 $1.07 $0.97 $0.74 $0.96 $1.00 Accumulation unit value at end of period $1.04 $0.93 $0.78 $1.34 $1.29 $1.11 $1.07 $0.97 $0.74 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 33,656 41,871 53,105 74,246 84,552 91,924 75,935 54,358 29,770 4,363 ------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $1.61 $1.21 $2.61 $2.49 $1.86 $1.61 $1.31 $0.92 $0.98 $1.00 Accumulation unit value at end of period $1.66 $1.61 $1.21 $2.61 $2.49 $1.86 $1.61 $1.31 $0.92 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 63,534 93,058 122,930 135,634 127,479 94,909 44,705 24,114 9,270 790 ------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.20 $0.91 $1.66 $1.42 $1.15 $1.03 $0.90 $0.73 $0.93 $1.00 Accumulation unit value at end of period $1.34 $1.20 $0.91 $1.66 $1.42 $1.15 $1.03 $0.90 $0.73 $0.93 Number of accumulation units outstanding at end of period (000 omitted) 12,837 15,628 19,242 25,059 26,700 27,136 22,031 15,471 8,200 1,927 ------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.87 $0.67 $0.90 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.87 $0.67 $0.90 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,798 25,355 30,504 28,466 -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.91 $0.69 $1.19 $0.99 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 $0.91 $0.69 $1.19 $0.99 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,909 6,957 7,931 8,170 35,411 4,856 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.27 $1.07 $1.47 $1.57 $1.34 $1.29 $1.14 $0.89 $1.04 $1.00 Accumulation unit value at end of period $1.42 $1.27 $1.07 $1.47 $1.57 $1.34 $1.29 $1.14 $0.89 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 41,940 48,731 56,747 81,683 93,343 95,710 71,318 50,607 30,523 7,298 ------------------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (05/01/2000) Accumulation unit value at beginning of period $0.95 $0.76 $1.12 $1.10 $1.02 $0.98 $0.91 $0.77 $0.89 $0.96 Accumulation unit value at end of period $1.05 $0.95 $0.76 $1.12 $1.10 $1.02 $0.98 $0.91 $0.77 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 8,238 9,852 12,240 17,034 19,334 19,301 17,682 14,100 9,832 6,090 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.04 $0.85 $1.22 $1.21 $1.07 $1.04 $0.96 $0.80 $0.93 $1.05 Accumulation unit value at end of period $1.16 $1.04 $0.85 $1.22 $1.21 $1.07 $1.04 $0.96 $0.80 $0.93 Number of accumulation units outstanding at end of period (000 omitted) 45,791 55,353 51,095 74,966 74,221 77,525 74,540 73,310 64,613 53,096 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (09/15/1999) Accumulation unit value at beginning of period $1.19 $1.20 $1.18 $1.14 $1.10 $1.08 $1.09 $1.09 $1.09 $1.06 Accumulation unit value at end of period $1.18 $1.19 $1.20 $1.18 $1.14 $1.10 $1.08 $1.09 $1.09 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 92,405 140,419 290,095 247,870 211,744 147,452 148,915 178,580 228,237 265,455 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 3) at Dec. 31, 2010 were (1.11%) and (1.11%), respectively. -------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 69
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.45 $1.28 $1.38 $1.32 $1.28 $1.26 $1.22 $1.18 $1.13 $1.06 Accumulation unit value at end of period $1.56 $1.45 $1.28 $1.38 $1.32 $1.28 $1.26 $1.22 $1.18 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 214,494 447,493 430,993 408,270 351,043 257,273 190,125 176,013 159,405 106,760 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.42 $1.13 $1.91 $1.79 $1.51 $1.34 $1.14 $0.82 $1.02 $1.01 Accumulation unit value at end of period $1.65 $1.42 $1.13 $1.91 $1.79 $1.51 $1.34 $1.14 $0.82 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 156,962 307,581 329,220 363,274 383,460 278,737 181,318 99,776 67,958 41,299 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.68 $0.55 $0.96 $0.94 $0.82 $0.78 $0.75 $0.58 $0.76 $0.93 Accumulation unit value at end of period $0.79 $0.68 $0.55 $0.96 $0.94 $0.82 $0.78 $0.75 $0.58 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 120,427 147,939 180,807 242,876 290,744 144,230 94,730 45,599 34,956 26,779 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $2.19 $1.27 $2.77 $2.02 $1.53 $1.15 $0.94 $0.67 $0.72 $0.74 Accumulation unit value at end of period $2.60 $2.19 $1.27 $2.77 $2.02 $1.53 $1.15 $0.94 $0.67 $0.72 Number of accumulation units outstanding at end of period (000 omitted) 33,567 47,289 61,879 50,491 51,867 44,244 16,315 6,501 3,888 1,542 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.65 $1.49 $1.51 $1.42 $1.34 $1.43 $1.31 $1.17 $1.03 $1.02 Accumulation unit value at end of period $1.74 $1.65 $1.49 $1.51 $1.42 $1.34 $1.43 $1.31 $1.17 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 68,524 137,253 142,773 141,675 123,834 102,876 72,702 54,100 36,626 23,970 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.18 $1.11 $1.12 $1.05 $1.05 $1.03 $1.00 -- -- -- Accumulation unit value at end of period $1.21 $1.18 $1.11 $1.12 $1.05 $1.05 $1.03 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 63,669 192,220 113,444 88,734 95,224 51,906 1,504 -- -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.54 $1.01 $1.37 $1.35 $1.23 $1.20 $1.08 $0.87 $0.94 $0.91 Accumulation unit value at end of period $1.74 $1.54 $1.01 $1.37 $1.35 $1.23 $1.20 $1.08 $0.87 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 89,489 111,734 125,862 186,775 221,767 237,711 236,566 197,358 122,784 88,813 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.31 $0.93 $1.16 $1.14 $1.06 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.47 $1.31 $0.93 $1.16 $1.14 $1.06 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39,448 141,698 76,770 65,977 61,812 18,068 783 -- -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.92 $0.73 $1.24 $1.11 $0.90 $0.80 $0.69 $0.54 $0.67 $0.95 Accumulation unit value at end of period $1.04 $0.92 $0.73 $1.24 $1.11 $0.90 $0.80 $0.69 $0.54 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 27,645 35,421 42,730 58,762 64,541 61,793 40,351 21,462 19,189 18,664 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.55 $0.41 $0.74 $0.72 $0.66 $0.61 $0.57 $0.47 $0.64 $0.94 Accumulation unit value at end of period $0.64 $0.55 $0.41 $0.74 $0.72 $0.66 $0.61 $0.57 $0.47 $0.64 Number of accumulation units outstanding at end of period (000 omitted) 72,817 90,930 116,110 186,447 216,237 212,229 135,373 147,485 118,986 130,764 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.19 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.08 $0.89 $0.71 $1.19 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 50,453 214,161 176,791 113,001 66,352 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.65 $1.26 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.88 $0.65 $1.26 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16,307 20,723 26,849 22,702 32,712 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (05/01/2001) Accumulation unit value at beginning of period $1.20 $0.74 $1.35 $1.20 $1.22 $1.11 $1.03 $0.85 $0.99 $1.00 Accumulation unit value at end of period $1.50 $1.20 $0.74 $1.35 $1.20 $1.22 $1.11 $1.03 $0.85 $0.99 Number of accumulation units outstanding at end of period (000 omitted) 21,606 26,343 25,504 35,043 43,939 31,419 35,498 29,450 12,145 2,238 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.13 $0.81 $1.48 $1.36 $1.19 $1.00 -- -- -- -- Accumulation unit value at end of period $1.37 $1.13 $0.81 $1.48 $1.36 $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 19,331 32,037 45,362 43,555 54,642 4,982 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $0.80 $0.64 $1.03 $0.99 $0.86 $0.84 $0.77 $0.60 $0.79 $0.91 Accumulation unit value at end of period $0.91 $0.80 $0.64 $1.03 $0.99 $0.86 $0.84 $0.77 $0.60 $0.79 Number of accumulation units outstanding at end of period (000 omitted) 55,090 65,626 73,795 92,416 104,302 122,070 117,372 91,398 65,011 40,575 -------------------------------------------------------------------------------------------------------------------------
70 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $0.99 $0.79 $1.32 $1.34 $1.13 $1.09 $1.00 -- -- -- Accumulation unit value at end of period $1.18 $0.99 $0.79 $1.32 $1.34 $1.13 $1.09 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,063 3,736 2,900 4,152 4,707 3,594 2,030 -- -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.39 $1.01 $1.65 $1.74 $1.58 $1.52 $1.29 $0.88 $1.07 $1.16 Accumulation unit value at end of period $1.75 $1.39 $1.01 $1.65 $1.74 $1.58 $1.52 $1.29 $0.88 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 12,744 15,189 18,734 28,329 38,372 46,718 51,057 39,709 29,341 24,346 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.30 $1.24 $1.29 $1.24 $1.20 $1.20 $1.20 $1.19 $1.13 $1.08 Accumulation unit value at end of period $1.33 $1.30 $1.24 $1.29 $1.24 $1.20 $1.20 $1.20 $1.19 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 78,228 88,306 108,778 104,637 108,222 121,249 130,386 135,202 116,147 56,966 ------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.74 $1.13 $0.97 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.88 $0.74 $1.13 $0.97 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26,305 26,662 22,011 12,631 26,224 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,789 5,500 3,115 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.97 $0.84 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16,204 12,467 7,436 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.91 $0.76 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 30,491 26,565 15,034 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15,429 15,191 9,299 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.94 $0.79 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.94 $0.79 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15,804 16,602 8,524 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.07 $0.75 $1.04 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.15 $1.07 $0.75 $1.04 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 56,862 105,964 79,727 71,987 59,159 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.91 $0.68 $1.20 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.06 $0.91 $0.68 $1.20 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 120,336 167,696 237,020 166,815 127,364 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.00 $0.80 $1.38 $1.25 $1.12 $1.05 $1.00 $0.82 $1.00 $1.00 Accumulation unit value at end of period $1.14 $1.00 $0.80 $1.38 $1.25 $1.12 $1.05 $1.00 $0.82 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 47,072 57,593 72,387 96,482 112,864 121,317 119,521 81,919 36,320 8,177 ------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.93 $1.39 $2.33 $2.04 $1.83 $1.57 $1.27 $0.93 $1.04 $1.00 Accumulation unit value at end of period $2.46 $1.93 $1.39 $2.33 $2.04 $1.83 $1.57 $1.27 $0.93 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 76,313 106,479 136,525 156,364 174,833 157,678 117,171 72,124 35,541 6,689 -------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 71
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.31 $1.05 $1.88 $1.62 $1.39 $1.18 $1.05 $0.74 $0.94 $1.00 Accumulation unit value at end of period $1.46 $1.31 $1.05 $1.88 $1.62 $1.39 $1.18 $1.05 $0.74 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 24,715 29,954 37,943 48,192 52,627 48,642 42,672 21,405 10,123 2,157 ------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $1.68 $1.42 $2.49 $3.18 $2.66 $2.37 $1.81 $1.35 $1.33 $1.25 Accumulation unit value at end of period $2.01 $1.68 $1.42 $2.49 $3.18 $2.66 $2.37 $1.81 $1.35 $1.33 Number of accumulation units outstanding at end of period (000 omitted) 25,510 31,073 39,491 59,503 81,589 88,911 80,587 63,047 44,591 19,803 ------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $1.98 $1.55 $2.34 $2.42 $2.09 $1.94 $1.58 $1.21 $1.34 $1.19 Accumulation unit value at end of period $2.52 $1.98 $1.55 $2.34 $2.42 $2.09 $1.94 $1.58 $1.21 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 22,799 28,730 36,256 46,935 55,078 55,521 44,541 34,639 23,553 9,584 ------------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.19 $0.96 $1.53 $1.50 $1.28 $1.17 $1.04 $0.84 $0.96 $1.00 Accumulation unit value at end of period $1.31 $1.19 $0.96 $1.53 $1.50 $1.28 $1.17 $1.04 $0.84 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 33,994 39,361 47,292 65,658 63,662 50,166 33,241 21,294 9,151 1,114 ------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $2.21 $1.68 $2.69 $2.63 $2.29 $2.05 $1.64 $1.29 $1.37 $1.23 Accumulation unit value at end of period $2.74 $2.21 $1.68 $2.69 $2.63 $2.29 $2.05 $1.64 $1.29 $1.37 Number of accumulation units outstanding at end of period (000 omitted) 41,459 51,883 65,990 96,413 112,452 117,932 84,473 65,106 47,539 24,711 ------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $0.84 $0.70 $1.12 $1.15 $1.02 $0.97 $0.85 $0.67 $0.86 $0.99 Accumulation unit value at end of period $0.93 $0.84 $0.70 $1.12 $1.15 $1.02 $0.97 $0.85 $0.67 $0.86 Number of accumulation units outstanding at end of period (000 omitted) 57,775 70,758 87,685 126,734 160,736 168,697 108,140 80,350 75,489 71,185 ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $0.84 $0.70 $1.23 $1.11 $1.06 $0.98 $0.93 $0.73 $0.98 $1.00 Accumulation unit value at end of period $0.95 $0.84 $0.70 $1.23 $1.11 $1.06 $0.98 $0.93 $0.73 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 28,942 33,205 38,700 46,783 56,007 64,800 21,785 12,215 7,624 1,711 ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $1.17 $0.83 $1.59 $1.45 $1.26 $1.16 $1.02 $0.76 $0.98 $1.00 Accumulation unit value at end of period $1.37 $1.17 $0.83 $1.59 $1.45 $1.26 $1.16 $1.02 $0.76 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 5,882 7,715 9,784 13,998 14,692 13,500 12,074 7,348 4,808 1,224 ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. DYNAMICS FUND, SERIES I SHARES* (08/13/2001) Accumulation unit value at beginning of period $1.01 $0.72 $1.39 $1.25 $1.09 $0.99 $0.88 $0.65 $0.96 $1.00 Accumulation unit value at end of period $1.24 $1.01 $0.72 $1.39 $1.25 $1.09 $0.99 $0.88 $0.65 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 1,658 2,073 2,583 3,800 4,211 4,924 5,936 6,700 4,845 1,426 *Invesco V.I. Dynamics Fund, Series I Shares is scheduled to be merged into Invesco V.I. Capital Development Fund, Series I Shares on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES I SHARES* (08/13/2001) Accumulation unit value at beginning of period $0.53 $0.42 $1.05 $1.36 $1.18 $1.13 $1.05 $0.82 $0.96 $1.00 Accumulation unit value at end of period $0.58 $0.53 $0.42 $1.05 $1.36 $1.18 $1.13 $1.05 $0.82 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 7,378 8,567 8,723 5,805 7,305 6,396 6,649 5,460 3,709 901 *Invesco V.I. Financial Services Fund, Series I Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series I Shares on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.01 $0.80 $1.13 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.05 $1.01 $0.80 $1.13 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,675 5,414 5,240 3,964 15,226 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.23 $0.92 $1.57 $1.38 $1.09 $1.00 -- -- -- -- Accumulation unit value at end of period $1.38 $1.23 $0.92 $1.57 $1.38 $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 24,477 76,801 53,711 23,729 1,198 107 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. TECHNOLOGY FUND, SERIES I SHARES (08/13/2001) Accumulation unit value at beginning of period $0.72 $0.46 $0.84 $0.79 $0.72 $0.71 $0.69 $0.48 $0.91 $1.00 Accumulation unit value at end of period $0.87 $0.72 $0.46 $0.84 $0.79 $0.72 $0.71 $0.69 $0.48 $0.91 Number of accumulation units outstanding at end of period (000 omitted) 10,745 11,446 8,853 10,072 12,094 14,960 8,076 5,212 2,845 911 ------------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.07 $0.84 $1.32 $1.36 $1.18 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.22 $1.07 $0.84 $1.32 $1.36 $1.18 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 51,081 95,224 120,656 113,380 130,395 96,755 18,714 -- -- -- -------------------------------------------------------------------------------------------------------------------------
72 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES GLOBAL TECHNOLOGY PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $0.44 $0.28 $0.51 $0.42 $0.40 $0.36 $0.36 $0.25 $0.42 $0.68 Accumulation unit value at end of period $0.54 $0.44 $0.28 $0.51 $0.42 $0.40 $0.36 $0.36 $0.25 $0.42 Number of accumulation units outstanding at end of period (000 omitted) 16,131 19,312 16,671 19,559 22,668 24,131 27,479 30,159 31,354 34,050 ------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.96 $0.85 $0.63 $1.06 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18,753 168,562 128,192 72,177 -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES OVERSEAS PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $1.41 $0.80 $1.68 $1.33 $0.91 $0.70 $0.59 $0.45 $0.61 $0.80 Accumulation unit value at end of period $1.75 $1.41 $0.80 $1.68 $1.33 $0.91 $0.70 $0.59 $0.45 $0.61 Number of accumulation units outstanding at end of period (000 omitted) 39,710 46,612 54,116 64,174 61,879 59,325 61,390 68,389 74,111 64,147 ------------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.66 $0.48 $0.76 $0.69 $0.65 $0.63 $0.59 $0.48 $0.67 $0.90 Accumulation unit value at end of period $0.73 $0.66 $0.48 $0.76 $0.69 $0.65 $0.63 $0.59 $0.48 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 35,505 44,235 44,360 58,819 73,300 84,506 78,223 74,564 62,663 51,051 ------------------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.96 $0.60 $0.99 $0.98 $0.88 $0.84 $0.80 $0.61 $0.90 $0.96 Accumulation unit value at end of period $1.29 $0.96 $0.60 $0.99 $0.98 $0.88 $0.84 $0.80 $0.61 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 17,906 20,432 22,831 31,915 38,120 48,503 60,214 61,988 53,383 36,822 ------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (08/13/2001) Accumulation unit value at beginning of period $1.80 $1.37 $2.22 $1.76 $1.36 $1.18 $0.91 $0.68 $0.89 $1.00 Accumulation unit value at end of period $2.03 $1.80 $1.37 $2.22 $1.76 $1.36 $1.18 $0.91 $0.68 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 30,235 35,891 43,832 51,479 45,869 35,163 18,264 12,519 7,093 2,778 ------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.86 $0.61 $1.11 $1.22 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.86 $0.61 $1.11 $1.22 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16,073 38,794 50,326 29,814 27,318 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.98 $0.63 $1.20 $0.99 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.29 $0.98 $0.63 $1.20 $0.99 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,306 12,049 11,266 9,199 17,529 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.75 $0.57 $1.07 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.91 $0.75 $0.57 $1.07 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,093 40,525 41,079 30,611 26,517 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.30 $0.94 $1.59 $1.51 $1.30 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.49 $1.30 $0.94 $1.59 $1.51 $1.30 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18,638 21,263 24,950 32,187 34,962 20,721 6,121 -- -- -- ------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.24 $1.06 $1.25 $1.15 $1.08 $1.07 $1.00 -- -- -- Accumulation unit value at end of period $1.41 $1.24 $1.06 $1.25 $1.15 $1.08 $1.07 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 193,872 350,910 395,298 360,480 226,000 94,657 11,924 -- -- -- ------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.16 $0.85 $1.39 $1.42 $1.25 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.41 $1.16 $0.85 $1.39 $1.42 $1.25 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,889 15,634 18,861 23,107 22,606 12,037 4,085 -- -- -- ------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.12 $0.93 $1.12 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.25 $1.12 $0.93 $1.12 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 49,921 127,629 131,661 82,318 76,067 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- PUTNAM VT GLOBAL HEALTH CARE FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.11 $0.89 $1.08 $1.10 $1.08 $0.96 $0.91 $0.77 $0.98 $1.00 Accumulation unit value at end of period $1.13 $1.11 $0.89 $1.08 $1.10 $1.08 $0.96 $0.91 $0.77 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 5,824 7,349 8,551 11,073 13,569 14,517 11,248 9,676 6,574 1,743 ------------------------------------------------------------------------------------------------------------------------- PUTNAM VT INTERNATIONAL EQUITY FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.19 $0.96 $1.73 $1.61 $1.27 $1.15 $1.00 $0.78 $0.96 $1.00 Accumulation unit value at end of period $1.29 $1.19 $0.96 $1.73 $1.61 $1.27 $1.15 $1.00 $0.78 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 8,590 10,504 13,381 18,697 21,524 23,458 24,819 24,880 15,138 2,180 -------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 73
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ------------------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,503 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 45,018 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 123,203 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39,107 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 129,583 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.68 $1.11 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.88 $0.68 $1.11 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,490 163,841 98,708 55,721 57,963 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.14 $0.84 $1.34 $1.28 $1.12 $1.12 $1.00 -- -- -- Accumulation unit value at end of period $1.38 $1.14 $0.84 $1.34 $1.28 $1.12 $1.12 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,760 3,165 3,807 5,203 5,724 5,777 2,540 -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 372,331 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 951,448 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 199,756 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 514,222 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 125,196 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 335,424 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (08/14/2001) Accumulation unit value at beginning of period $1.63 $1.21 $1.78 $1.89 $1.59 $1.51 $1.27 $0.93 $1.07 $1.00 Accumulation unit value at end of period $2.01 $1.63 $1.21 $1.78 $1.89 $1.59 $1.51 $1.27 $0.93 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 26,229 81,111 85,345 79,474 69,587 72,463 57,581 44,918 28,099 6,314 ------------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (09/15/1999) Accumulation unit value at beginning of period $2.06 $1.39 $2.58 $2.24 $1.65 $1.37 $1.06 $0.72 $0.84 $1.08 Accumulation unit value at end of period $2.55 $2.06 $1.39 $2.58 $2.24 $1.65 $1.37 $1.06 $0.72 $0.84 Number of accumulation units outstanding at end of period (000 omitted) 50,298 80,522 88,899 108,613 122,718 114,381 79,981 56,466 42,309 30,297 -------------------------------------------------------------------------------------------------------------------------
74 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ------------------------------------------------------------------------------------------------------------------------- WANGER USA (09/15/1999) Accumulation unit value at beginning of period $1.64 $1.16 $1.94 $1.86 $1.74 $1.58 $1.35 $0.95 $1.15 $1.05 Accumulation unit value at end of period $2.00 $1.64 $1.16 $1.94 $1.86 $1.74 $1.58 $1.35 $0.95 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 67,604 100,879 117,299 145,262 164,257 169,886 140,320 108,046 72,853 46,456 ------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (12/08/2003) Accumulation unit value at beginning of period $1.06 $0.79 $1.19 $1.11 $1.00 $0.92 $0.86 $0.82 -- -- Accumulation unit value at end of period $1.22 $1.06 $0.79 $1.19 $1.11 $1.00 $0.92 $0.86 -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,292 9,199 8,059 8,609 9,669 10,001 8,036 6,384 -- -- ------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INDEX ASSET ALLOCATION FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.08 $0.95 $1.35 $1.26 $1.14 $1.09 $1.01 $0.84 $0.97 $1.00 Accumulation unit value at end of period $1.21 $1.08 $0.95 $1.35 $1.26 $1.14 $1.09 $1.01 $0.84 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 11,303 15,303 19,992 28,981 29,215 32,466 31,201 22,278 11,859 3,224 ------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.20 $1.05 $1.82 $1.60 $1.31 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.39 $1.20 $1.05 $1.82 $1.60 $1.31 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15,532 69,836 8,283 11,475 12,674 9,815 2,086 -- -- -- ------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.24 $0.84 $1.42 $1.35 $1.21 $1.13 $0.97 $0.72 $0.99 $1.00 Accumulation unit value at end of period $1.51 $1.24 $0.84 $1.42 $1.35 $1.21 $1.13 $0.97 $0.72 $0.99 Number of accumulation units outstanding at end of period (000 omitted) 9,802 11,212 13,585 18,131 21,391 25,313 25,983 24,999 17,130 3,747 ------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.16 $0.76 $1.32 $1.17 $0.96 $0.91 $0.81 $0.58 $0.94 $1.00 Accumulation unit value at end of period $1.45 $1.16 $0.76 $1.32 $1.17 $0.96 $0.91 $0.81 $0.58 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 18,266 20,853 19,000 23,653 17,655 14,334 16,103 13,800 7,655 2,230 ------------------------------------------------------------------------------------------------------------------------- VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.06 $0.70 $1.35 $1.14 $1.06 $1.00 -- -- -- Accumulation unit value at end of period $1.25 $1.06 $0.70 $1.35 $1.14 $1.06 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 500 609 425 664 2,023 333 -- -- -- ------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (02/13/2002) Accumulation unit value at beginning of period $1.01 $0.85 $1.45 $1.40 $1.21 $1.16 $1.06 $0.81 $1.00 Accumulation unit value at end of period $1.13 $1.01 $0.85 $1.45 $1.40 $1.21 $1.16 $1.06 $0.81 Number of accumulation units outstanding at end of period (000 omitted) 5,815 7,705 10,045 14,240 18,481 20,739 16,610 9,284 3,503 ------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (02/13/2002) Accumulation unit value at beginning of period $1.67 $1.25 $2.71 $2.59 $1.94 $1.68 $1.36 $0.95 $1.00 Accumulation unit value at end of period $1.72 $1.67 $1.25 $2.71 $2.59 $1.94 $1.68 $1.36 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 12,904 19,906 29,486 32,186 31,867 25,568 11,679 5,621 1,417 ------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS II (02/13/2002) Accumulation unit value at beginning of period $1.38 $1.05 $1.92 $1.64 $1.33 $1.19 $1.05 $0.85 $1.00 Accumulation unit value at end of period $1.55 $1.38 $1.05 $1.92 $1.64 $1.33 $1.19 $1.05 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 3,276 3,810 5,162 6,589 7,826 7,538 4,969 2,812 944 ------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.87 $0.67 $0.90 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.87 $0.67 $0.90 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,356 5,341 7,412 9,862 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.91 $0.68 $1.18 $0.99 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.05 $0.91 $0.68 $1.18 $0.99 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,610 1,815 2,188 2,203 12,931 2,015 -- -- -- ------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (02/13/2002) Accumulation unit value at beginning of period $1.26 $1.06 $1.46 $1.56 $1.33 $1.28 $1.13 $0.89 $1.00 Accumulation unit value at end of period $1.41 $1.26 $1.06 $1.46 $1.56 $1.33 $1.28 $1.13 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 9,687 11,068 13,643 20,382 24,433 25,428 16,423 8,977 2,837 ------------------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (02/13/2002) Accumulation unit value at beginning of period $1.08 $0.87 $1.28 $1.26 $1.17 $1.11 $1.04 $0.88 $1.00 Accumulation unit value at end of period $1.20 $1.08 $0.87 $1.28 $1.26 $1.17 $1.11 $1.04 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 1,553 1,706 1,873 2,380 3,270 3,186 2,458 1,272 211 -------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 75
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.16 $0.94 $1.36 $1.35 $1.19 $1.16 $1.07 $0.90 $1.00 Accumulation unit value at end of period $1.29 $1.16 $0.94 $1.36 $1.35 $1.19 $1.16 $1.07 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 6,232 8,438 2,967 5,018 4,466 3,385 2,471 1,608 531 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (02/13/2002) Accumulation unit value at beginning of period $1.09 $1.10 $1.08 $1.04 $1.01 $0.99 $1.00 $1.00 $1.00 Accumulation unit value at end of period $1.08 $1.09 $1.10 $1.08 $1.04 $1.01 $0.99 $1.00 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 13,198 23,076 51,260 39,420 37,806 22,067 19,507 13,022 12,452 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund(Class 3) at Dec. 31, 2010 were (1.15%) and (1.14%), respectively. ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.27 $1.12 $1.21 $1.16 $1.12 $1.11 $1.07 $1.04 $1.00 Accumulation unit value at end of period $1.36 $1.27 $1.12 $1.21 $1.16 $1.12 $1.11 $1.07 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 33,910 89,692 93,379 103,330 87,923 50,746 22,751 13,984 6,481 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.44 $1.14 $1.94 $1.82 $1.53 $1.36 $1.17 $0.83 $1.00 Accumulation unit value at end of period $1.67 $1.44 $1.14 $1.94 $1.82 $1.53 $1.36 $1.17 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 27,619 59,080 64,717 69,629 75,610 47,282 24,579 8,342 3,101 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $0.86 $0.70 $1.22 $1.20 $1.05 $1.00 $0.95 $0.75 $1.00 Accumulation unit value at end of period $1.00 $0.86 $0.70 $1.22 $1.20 $1.05 $1.00 $0.95 $0.75 Number of accumulation units outstanding at end of period (000 omitted) 13,426 16,370 18,986 23,697 27,942 27,550 4,862 1,779 291 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $2.92 $1.69 $3.70 $2.70 $2.04 $1.54 $1.25 $0.90 $1.00 Accumulation unit value at end of period $3.46 $2.92 $1.69 $3.70 $2.70 $2.04 $1.54 $1.25 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 4,807 7,245 11,453 9,394 9,829 8,412 1,983 492 220 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.60 $1.45 $1.47 $1.38 $1.31 $1.39 $1.28 $1.14 $1.00 Accumulation unit value at end of period $1.69 $1.60 $1.45 $1.47 $1.38 $1.31 $1.39 $1.28 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 10,119 24,423 26,925 31,193 26,716 18,771 8,568 3,885 1,060 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.17 $1.11 $1.12 $1.05 $1.05 $1.03 $1.00 -- -- Accumulation unit value at end of period $1.21 $1.17 $1.11 $1.12 $1.05 $1.05 $1.03 -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,533 40,367 23,321 26,608 31,048 20,279 653 -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.64 $1.08 $1.46 $1.44 $1.32 $1.28 $1.16 $0.94 $1.00 Accumulation unit value at end of period $1.85 $1.64 $1.08 $1.46 $1.44 $1.32 $1.28 $1.16 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 8,986 10,600 13,016 20,960 27,180 28,189 24,305 16,280 3,957 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.31 $0.93 $1.15 $1.14 $1.06 $1.04 $1.00 -- -- Accumulation unit value at end of period $1.46 $1.31 $0.93 $1.15 $1.14 $1.06 $1.04 -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,861 29,266 19,612 20,632 21,052 7,061 300 -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.45 $1.15 $1.94 $1.74 $1.42 $1.26 $1.08 $0.85 $1.00 Accumulation unit value at end of period $1.63 $1.45 $1.15 $1.94 $1.74 $1.42 $1.26 $1.08 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 2,671 3,118 3,748 5,324 5,986 5,133 2,551 340 55 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $0.89 $0.66 $1.19 $1.17 $1.06 $0.99 $0.92 $0.77 $1.00 Accumulation unit value at end of period $1.03 $0.89 $0.66 $1.19 $1.17 $1.06 $0.99 $0.92 $0.77 Number of accumulation units outstanding at end of period (000 omitted) 7,579 9,725 12,689 20,603 24,725 23,296 7,403 5,647 973 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.19 $1.02 $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 $0.89 $0.71 $1.19 $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,954 47,208 42,915 31,378 21,100 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.64 $1.26 $1.07 $1.00 -- -- -- -- Accumulation unit value at end of period $0.99 $0.88 $0.64 $1.26 $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,409 4,016 5,121 4,198 9,849 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------
76 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.24 $0.76 $1.40 $1.24 $1.26 $1.15 $1.07 $0.88 $1.00 Accumulation unit value at end of period $1.55 $1.24 $0.76 $1.40 $1.24 $1.26 $1.15 $1.07 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 1,677 2,137 2,135 2,984 4,676 5,505 5,961 4,649 1,153 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.12 $0.81 $1.48 $1.36 $1.19 $1.00 -- -- -- Accumulation unit value at end of period $1.36 $1.12 $0.81 $1.48 $1.36 $1.19 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,568 6,370 9,682 9,445 15,321 622 -- -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.05 $0.84 $1.35 $1.30 $1.14 $1.10 $1.01 $0.80 $1.00 Accumulation unit value at end of period $1.19 $1.05 $0.84 $1.35 $1.30 $1.14 $1.10 $1.01 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 5,760 6,575 7,849 10,644 13,132 14,184 11,269 6,544 1,889 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $0.98 $0.79 $1.31 $1.33 $1.13 $1.09 $1.00 -- -- Accumulation unit value at end of period $1.17 $0.98 $0.79 $1.31 $1.33 $1.13 $1.09 -- -- Number of accumulation units outstanding at end of period (000 omitted) 657 520 582 925 1,124 921 450 -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.34 $0.97 $1.59 $1.68 $1.52 $1.46 $1.25 $0.85 $1.00 Accumulation unit value at end of period $1.68 $1.34 $0.97 $1.59 $1.68 $1.52 $1.46 $1.25 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 1,364 1,760 2,383 3,378 4,827 5,744 5,617 2,920 900 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.13 $1.09 $1.13 $1.08 $1.05 $1.04 $1.05 $1.04 $1.00 Accumulation unit value at end of period $1.16 $1.13 $1.09 $1.13 $1.08 $1.05 $1.04 $1.05 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 9,876 11,597 12,804 12,583 16,153 18,707 17,403 14,902 6,107 ------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.74 $1.13 $0.97 $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 $0.87 $0.74 $1.13 $0.97 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,003 6,589 4,848 3,423 9,239 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 999 897 88 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.97 $0.84 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,338 1,849 1,582 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.91 $0.76 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,426 2,698 2,013 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,607 2,942 1,762 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,353 2,685 829 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.07 $0.75 $1.03 $1.03 $1.00 -- -- -- -- Accumulation unit value at end of period $1.15 $1.07 $0.75 $1.03 $1.03 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,826 20,977 18,362 19,211 18,826 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 77
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.91 $0.68 $1.20 $1.03 $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 $0.91 $0.68 $1.20 $1.03 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 23,331 32,815 53,546 45,072 40,094 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.04 $0.83 $1.44 $1.30 $1.16 $1.09 $1.04 $0.85 $1.00 Accumulation unit value at end of period $1.18 $1.04 $0.83 $1.44 $1.30 $1.16 $1.09 $1.04 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 9,202 10,988 14,570 20,111 25,441 28,158 27,602 15,940 3,592 ------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.86 $1.35 $2.25 $1.97 $1.77 $1.52 $1.23 $0.90 $1.00 Accumulation unit value at end of period $2.37 $1.86 $1.35 $2.25 $1.97 $1.77 $1.52 $1.23 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 19,376 28,494 38,797 44,787 53,339 46,944 30,787 15,111 4,182 ------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.45 $1.16 $2.09 $1.80 $1.55 $1.32 $1.17 $0.83 $1.00 Accumulation unit value at end of period $1.62 $1.45 $1.16 $2.09 $1.80 $1.55 $1.32 $1.17 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 4,194 5,075 6,432 8,255 10,330 9,686 7,474 2,900 553 ------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.25 $1.06 $1.86 $2.37 $1.99 $1.77 $1.36 $1.01 $1.00 Accumulation unit value at end of period $1.50 $1.25 $1.06 $1.86 $2.37 $1.99 $1.77 $1.36 $1.01 Number of accumulation units outstanding at end of period (000 omitted) 5,793 7,137 9,150 14,263 20,694 22,307 17,231 9,166 2,887 ------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.51 $1.18 $1.77 $1.84 $1.59 $1.47 $1.20 $0.92 $1.00 Accumulation unit value at end of period $1.91 $1.51 $1.18 $1.77 $1.84 $1.59 $1.47 $1.20 $0.92 Number of accumulation units outstanding at end of period (000 omitted) 5,667 7,198 8,815 11,862 14,227 13,298 8,980 5,248 2,075 ------------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.26 $1.01 $1.62 $1.58 $1.35 $1.23 $1.10 $0.89 $1.00 Accumulation unit value at end of period $1.38 $1.26 $1.01 $1.62 $1.58 $1.35 $1.23 $1.10 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 8,593 10,913 14,362 21,837 22,449 18,871 13,076 6,742 1,735 ------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (02/13/2002) Accumulation unit value at beginning of period $1.63 $1.24 $1.98 $1.94 $1.69 $1.51 $1.21 $0.95 $1.00 Accumulation unit value at end of period $2.02 $1.63 $1.24 $1.98 $1.94 $1.69 $1.51 $1.21 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 10,069 12,872 16,558 24,512 29,515 30,996 15,049 7,743 2,583 ------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (02/13/2002) Accumulation unit value at beginning of period $1.01 $0.84 $1.35 $1.38 $1.24 $1.17 $1.03 $0.80 $1.00 Accumulation unit value at end of period $1.12 $1.01 $0.84 $1.35 $1.38 $1.24 $1.17 $1.03 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 8,681 11,037 13,564 20,871 27,339 30,636 9,922 2,742 1,048 ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (02/13/2002) Accumulation unit value at beginning of period $0.89 $0.74 $1.31 $1.18 $1.13 $1.05 $1.00 $0.78 $1.00 Accumulation unit value at end of period $1.01 $0.89 $0.74 $1.31 $1.18 $1.13 $1.05 $1.00 $0.78 Number of accumulation units outstanding at end of period (000 omitted) 8,736 10,744 12,622 15,385 19,282 24,536 5,492 1,386 379 ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (02/13/2002) Accumulation unit value at beginning of period $1.23 $0.88 $1.67 $1.53 $1.33 $1.23 $1.07 $0.80 $1.00 Accumulation unit value at end of period $1.44 $1.23 $0.88 $1.67 $1.53 $1.33 $1.23 $1.07 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 1,142 1,576 2,199 3,003 3,321 2,836 2,429 1,198 552 ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. DYNAMICS FUND, SERIES I SHARES* (02/13/2002) Accumulation unit value at beginning of period $1.11 $0.78 $1.53 $1.37 $1.19 $1.09 $0.97 $0.71 $1.00 Accumulation unit value at end of period $1.36 $1.11 $0.78 $1.53 $1.37 $1.19 $1.09 $0.97 $0.71 Number of accumulation units outstanding at end of period (000 omitted) 138 250 327 479 608 830 916 758 242 *Invesco V.I. Dynamics Fund, Series I Shares is scheduled to be merged into Invesco V.I. Capital Development Fund, Series I Shares on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES I SHARES* (02/13/2002) Accumulation unit value at beginning of period $0.56 $0.45 $1.12 $1.45 $1.26 $1.20 $1.11 $0.87 $1.00 Accumulation unit value at end of period $0.62 $0.56 $0.45 $1.12 $1.45 $1.26 $1.20 $1.11 $0.87 Number of accumulation units outstanding at end of period (000 omitted) 1,814 2,151 1,606 1,004 1,342 1,322 1,122 925 526 *Invesco V.I. Financial Services Fund, Series I Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series I Shares on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.00 $0.80 $1.13 $1.02 $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 $1.00 $0.80 $1.13 $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 912 956 923 753 5,096 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------
78 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.23 $0.92 $1.57 $1.38 $1.09 $1.00 -- -- -- Accumulation unit value at end of period $1.37 $1.23 $0.92 $1.57 $1.38 $1.09 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,166 14,695 14,785 8,000 503 2 -- -- -- ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. TECHNOLOGY FUND, SERIES I SHARES (02/13/2002) Accumulation unit value at beginning of period $0.84 $0.54 $0.99 $0.93 $0.85 $0.84 $0.81 $0.56 $1.00 Accumulation unit value at end of period $1.01 $0.84 $0.54 $0.99 $0.93 $0.85 $0.84 $0.81 $0.56 Number of accumulation units outstanding at end of period (000 omitted) 2,504 2,935 2,808 2,913 3,543 4,728 1,650 851 192 ------------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.06 $0.84 $1.31 $1.36 $1.18 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.22 $1.06 $0.84 $1.31 $1.36 $1.18 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 19,642 32,587 43,694 51,531 60,771 53,896 12,916 -- -- ------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES GLOBAL TECHNOLOGY PORTFOLIO: SERVICE SHARES (02/13/2002) Accumulation unit value at beginning of period $1.12 $0.72 $1.30 $1.08 $1.01 $0.92 $0.92 $0.64 $1.00 Accumulation unit value at end of period $1.38 $1.12 $0.72 $1.30 $1.08 $1.01 $0.92 $0.92 $0.64 Number of accumulation units outstanding at end of period (000 omitted) 450 384 367 507 505 468 467 428 68 ------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.96 $0.85 $0.63 $1.06 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,203 38,560 33,658 25,246 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES OVERSEAS PORTFOLIO: SERVICE SHARES (02/13/2002) Accumulation unit value at beginning of period $2.49 $1.40 $2.97 $2.34 $1.61 $1.23 $1.05 $0.79 $1.00 Accumulation unit value at end of period $3.08 $2.49 $1.40 $2.97 $2.34 $1.61 $1.23 $1.05 $0.79 Number of accumulation units outstanding at end of period (000 omitted) 1,173 1,272 1,603 1,484 1,656 1,555 1,500 1,254 681 ------------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $1.03 $0.75 $1.20 $1.09 $1.03 $0.99 $0.92 $0.76 $1.00 Accumulation unit value at end of period $1.14 $1.03 $0.75 $1.20 $1.09 $1.03 $0.99 $0.92 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 3,412 4,222 4,927 5,932 8,628 8,658 5,399 2,971 1,088 ------------------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $1.14 $0.71 $1.18 $1.17 $1.04 $1.00 $0.96 $0.72 $1.00 Accumulation unit value at end of period $1.54 $1.14 $0.71 $1.18 $1.17 $1.04 $1.00 $0.96 $0.72 Number of accumulation units outstanding at end of period (000 omitted) 1,975 2,166 2,718 3,692 5,363 6,257 6,311 5,191 2,112 ------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $2.25 $1.71 $2.78 $2.20 $1.70 $1.47 $1.14 $0.85 $1.00 Accumulation unit value at end of period $2.53 $2.25 $1.71 $2.78 $2.20 $1.70 $1.47 $1.14 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 4,253 5,019 6,021 7,678 8,231 6,871 3,380 1,670 276 ------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.86 $0.61 $1.11 $1.22 $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 $0.86 $0.61 $1.11 $1.22 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,422 10,214 14,095 9,916 8,886 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.98 $0.63 $1.20 $0.99 $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 $0.98 $0.63 $1.20 $0.99 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,749 2,148 2,776 2,519 6,372 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.75 $0.56 $1.07 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $0.91 $0.75 $0.56 $1.07 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 833 9,498 10,873 10,350 9,305 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.29 $0.94 $1.59 $1.51 $1.30 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.48 $1.29 $0.94 $1.59 $1.51 $1.30 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,713 6,423 8,456 11,884 14,402 11,208 4,318 -- -- ------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.24 $1.05 $1.24 $1.15 $1.08 $1.07 $1.00 -- -- Accumulation unit value at end of period $1.40 $1.24 $1.05 $1.24 $1.15 $1.08 $1.07 -- -- Number of accumulation units outstanding at end of period (000 omitted) 36,401 70,681 82,157 92,164 64,615 34,899 7,003 -- -- ------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.15 $0.85 $1.38 $1.42 $1.25 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.40 $1.15 $0.85 $1.38 $1.42 $1.25 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,518 5,663 7,256 9,606 10,328 6,924 2,998 -- -- -------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 79
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.12 $0.93 $1.11 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.25 $1.12 $0.93 $1.11 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7,695 26,403 31,669 27,066 26,857 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- PUTNAM VT GLOBAL HEALTH CARE FUND - CLASS IB SHARES (02/13/2002) Accumulation unit value at beginning of period $1.15 $0.92 $1.12 $1.14 $1.12 $1.00 $0.94 $0.81 $1.00 Accumulation unit value at end of period $1.17 $1.15 $0.92 $1.12 $1.14 $1.12 $1.00 $0.94 $0.81 Number of accumulation units outstanding at end of period (000 omitted) 1,676 2,116 2,705 3,423 4,490 4,351 2,530 1,776 617 ------------------------------------------------------------------------------------------------------------------------- PUTNAM VT INTERNATIONAL EQUITY FUND - CLASS IB SHARES (02/13/2002) Accumulation unit value at beginning of period $1.30 $1.05 $1.90 $1.77 $1.40 $1.26 $1.09 $0.86 $1.00 Accumulation unit value at end of period $1.41 $1.30 $1.05 $1.90 $1.77 $1.40 $1.26 $1.09 $0.86 Number of accumulation units outstanding at end of period (000 omitted) 1,420 1,819 2,476 3,409 3,961 4,252 4,043 4,165 2,086 ------------------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 574 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,096 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 34,056 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,295 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20,656 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.68 $1.11 $1.08 $1.00 -- -- -- -- Accumulation unit value at end of period $0.97 $0.88 $0.68 $1.11 $1.08 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,193 38,320 25,636 18,675 20,639 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.14 $0.84 $1.34 $1.28 $1.12 $1.12 $1.00 -- -- Accumulation unit value at end of period $1.37 $1.14 $0.84 $1.34 $1.28 $1.12 $1.12 -- -- Number of accumulation units outstanding at end of period (000 omitted) 441 522 766 1,469 1,490 1,493 840 -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,697 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 199,338 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,430 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 118,440 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,250 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------
80 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 58,788 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.54 $1.14 $1.68 $1.79 $1.50 $1.43 $1.21 $0.88 $1.00 Accumulation unit value at end of period $1.90 $1.54 $1.14 $1.68 $1.79 $1.50 $1.43 $1.21 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 6,022 20,099 23,170 23,547 19,283 20,683 11,379 7,181 3,316 ------------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (02/13/2002) Accumulation unit value at beginning of period $2.49 $1.68 $3.12 $2.71 $1.99 $1.66 $1.28 $0.87 $1.00 Accumulation unit value at end of period $3.08 $2.49 $1.68 $3.12 $2.71 $1.99 $1.66 $1.28 $0.87 Number of accumulation units outstanding at end of period (000 omitted) 8,554 14,208 16,311 18,491 21,367 19,260 9,273 4,376 1,523 ------------------------------------------------------------------------------------------------------------------------- WANGER USA (02/13/2002) Accumulation unit value at beginning of period $1.46 $1.03 $1.73 $1.66 $1.56 $1.41 $1.21 $0.85 $1.00 Accumulation unit value at end of period $1.78 $1.46 $1.03 $1.73 $1.66 $1.56 $1.41 $1.21 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 15,507 23,568 28,344 36,469 42,372 41,455 26,304 13,657 3,732 ------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (12/08/2003) Accumulation unit value at beginning of period $1.17 $0.87 $1.32 $1.23 $1.11 $1.03 $0.95 $0.93 -- Accumulation unit value at end of period $1.35 $1.17 $0.87 $1.32 $1.23 $1.11 $1.03 $0.95 -- Number of accumulation units outstanding at end of period (000 omitted) 847 808 1,156 1,422 1,855 2,338 2,067 1,338 -- ------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INDEX ASSET ALLOCATION FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.14 $1.00 $1.42 $1.33 $1.20 $1.16 $1.07 $0.88 $1.00 Accumulation unit value at end of period $1.28 $1.14 $1.00 $1.42 $1.33 $1.20 $1.16 $1.07 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 1,870 2,083 2,739 3,917 4,549 5,289 5,233 3,858 1,279 ------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.20 $1.05 $1.81 $1.59 $1.31 $1.14 $1.00 -- -- Accumulation unit value at end of period $1.38 $1.20 $1.05 $1.81 $1.59 $1.31 $1.14 -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,118 15,466 3,851 5,245 6,006 4,632 1,316 -- -- ------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.29 $0.88 $1.48 $1.40 $1.26 $1.18 $1.01 $0.75 $1.00 Accumulation unit value at end of period $1.58 $1.29 $0.88 $1.48 $1.40 $1.26 $1.18 $1.01 $0.75 Number of accumulation units outstanding at end of period (000 omitted) 2,173 2,701 3,344 4,587 6,324 7,621 6,990 5,557 2,340 ------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.34 $0.88 $1.52 $1.35 $1.11 $1.06 $0.94 $0.67 $1.00 Accumulation unit value at end of period $1.68 $1.34 $0.88 $1.52 $1.35 $1.11 $1.06 $0.94 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 2,621 2,879 3,050 3,223 2,943 2,596 2,735 1,772 662 ------------------------------------------------------------------------------------------------------------------------- VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.05 $0.70 $1.34 $1.13 $1.06 $1.00 -- -- -- Accumulation unit value at end of period $1.24 $1.05 $0.70 $1.34 $1.13 $1.06 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 437 548 301 264 846 148 -- -- -- ------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (02/13/2002) Accumulation unit value at beginning of period $1.00 $0.84 $1.43 $1.38 $1.20 $1.16 $1.05 $0.81 $1.00 Accumulation unit value at end of period $1.11 $1.00 $0.84 $1.43 $1.38 $1.20 $1.16 $1.05 $0.81 Number of accumulation units outstanding at end of period (000 omitted) 3,288 4,258 6,035 9,112 12,504 14,313 11,547 7,339 4,072 ------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (02/13/2002) Accumulation unit value at beginning of period $1.64 $1.24 $2.68 $2.57 $1.92 $1.67 $1.35 $0.95 $1.00 Accumulation unit value at end of period $1.69 $1.64 $1.24 $2.68 $2.57 $1.92 $1.67 $1.35 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 6,458 9,981 15,720 18,897 19,979 16,470 7,898 3,918 1,371 ------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS II (02/13/2002) Accumulation unit value at beginning of period $1.36 $1.03 $1.90 $1.63 $1.32 $1.18 $1.04 $0.85 $1.00 Accumulation unit value at end of period $1.52 $1.36 $1.03 $1.90 $1.63 $1.32 $1.18 $1.04 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 1,679 2,015 2,795 3,680 4,188 3,768 2,448 1,128 448 ------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.86 $0.67 $0.90 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.86 $0.67 $0.90 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 775 2,523 4,001 5,266 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 81
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.90 $0.68 $1.18 $0.99 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.03 $0.90 $0.68 $1.18 $0.99 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 992 1,098 1,338 1,445 6,545 1,015 -- -- -- ------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (02/13/2002) Accumulation unit value at beginning of period $1.24 $1.05 $1.45 $1.54 $1.32 $1.27 $1.13 $0.89 $1.00 Accumulation unit value at end of period $1.38 $1.24 $1.05 $1.45 $1.54 $1.32 $1.27 $1.13 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 5,469 6,158 8,079 12,429 15,592 16,716 10,779 5,922 2,396 ------------------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (02/13/2002) Accumulation unit value at beginning of period $1.06 $0.86 $1.26 $1.24 $1.16 $1.11 $1.04 $0.88 $1.00 Accumulation unit value at end of period $1.17 $1.06 $0.86 $1.26 $1.24 $1.16 $1.11 $1.04 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 737 858 1,073 1,711 2,144 2,283 1,690 769 208 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.14 $0.93 $1.35 $1.34 $1.18 $1.15 $1.07 $0.90 $1.00 Accumulation unit value at end of period $1.27 $1.14 $0.93 $1.35 $1.34 $1.18 $1.15 $1.07 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 4,325 6,111 2,378 4,008 3,764 3,085 2,273 1,117 462 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (02/13/2002) Accumulation unit value at beginning of period $1.07 $1.08 $1.07 $1.03 $1.00 $0.99 $0.99 $1.00 $1.00 Accumulation unit value at end of period $1.06 $1.07 $1.08 $1.07 $1.03 $1.00 $0.99 $0.99 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 7,758 14,861 39,094 33,791 33,401 18,979 15,014 12,047 12,148 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 3) at Dec. 31, 2010 were (1.41%) and (1.40%), respectively. ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.25 $1.11 $1.20 $1.15 $1.12 $1.11 $1.07 $1.04 $1.00 Accumulation unit value at end of period $1.34 $1.25 $1.11 $1.20 $1.15 $1.12 $1.11 $1.07 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 26,396 58,421 63,728 68,622 60,502 37,023 19,654 12,452 5,971 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.41 $1.12 $1.91 $1.79 $1.51 $1.35 $1.15 $0.83 $1.00 Accumulation unit value at end of period $1.63 $1.41 $1.12 $1.91 $1.79 $1.51 $1.35 $1.15 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 13,939 30,183 36,755 43,798 50,646 33,232 17,932 5,976 2,058 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $0.92 $0.75 $1.31 $1.29 $1.13 $1.08 $1.03 $0.81 $1.00 Accumulation unit value at end of period $1.07 $0.92 $0.75 $1.31 $1.29 $1.13 $1.08 $1.03 $0.81 Number of accumulation units outstanding at end of period (000 omitted) 5,013 6,295 7,479 10,299 12,875 11,604 2,482 744 96 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $2.87 $1.67 $3.65 $2.68 $2.02 $1.53 $1.25 $0.90 $1.00 Accumulation unit value at end of period $3.40 $2.87 $1.67 $3.65 $2.68 $2.02 $1.53 $1.25 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 2,468 3,600 5,787 5,242 5,716 4,677 1,199 318 121 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.58 $1.43 $1.46 $1.37 $1.30 $1.38 $1.27 $1.14 $1.00 Accumulation unit value at end of period $1.66 $1.58 $1.43 $1.46 $1.37 $1.30 $1.38 $1.27 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 7,371 16,121 18,675 22,272 19,781 15,541 8,857 4,839 1,529 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.16 $1.10 $1.11 $1.04 $1.04 $1.03 $1.00 -- -- Accumulation unit value at end of period $1.19 $1.16 $1.10 $1.11 $1.04 $1.04 $1.03 -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,304 25,536 17,319 17,958 20,730 13,014 516 -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.62 $1.06 $1.44 $1.43 $1.31 $1.27 $1.15 $0.93 $1.00 Accumulation unit value at end of period $1.82 $1.62 $1.06 $1.44 $1.43 $1.31 $1.27 $1.15 $0.93 Number of accumulation units outstanding at end of period (000 omitted) 7,802 9,680 11,973 19,687 25,271 27,474 25,456 15,576 4,269 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.29 $0.92 $1.15 $1.13 $1.06 $1.04 $1.00 -- -- Accumulation unit value at end of period $1.45 $1.29 $0.92 $1.15 $1.13 $1.06 $1.04 -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,416 17,730 11,540 12,716 13,255 4,187 271 -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.42 $1.13 $1.92 $1.73 $1.41 $1.25 $1.08 $0.85 $1.00 Accumulation unit value at end of period $1.60 $1.42 $1.13 $1.92 $1.73 $1.41 $1.25 $1.08 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 1,443 1,829 2,197 3,162 3,800 3,647 2,172 496 105 -------------------------------------------------------------------------------------------------------------------------
82 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $0.88 $0.65 $1.18 $1.16 $1.05 $0.98 $0.92 $0.76 $1.00 Accumulation unit value at end of period $1.02 $0.88 $0.65 $1.18 $1.16 $1.05 $0.98 $0.92 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 3,547 4,530 6,110 10,992 13,741 13,519 4,079 2,868 392 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.18 $1.02 $1.00 -- -- -- -- Accumulation unit value at end of period $1.06 $0.89 $0.71 $1.18 $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,790 22,026 20,913 15,689 10,663 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.64 $1.26 $1.06 $1.00 -- -- -- -- Accumulation unit value at end of period $0.98 $0.87 $0.64 $1.26 $1.06 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,766 2,195 2,857 2,426 5,251 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.22 $0.75 $1.38 $1.23 $1.25 $1.15 $1.06 $0.88 $1.00 Accumulation unit value at end of period $1.52 $1.22 $0.75 $1.38 $1.23 $1.25 $1.15 $1.06 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 1,155 1,372 1,170 1,887 2,741 2,961 3,400 2,602 889 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.11 $0.80 $1.47 $1.35 $1.19 $1.00 -- -- -- Accumulation unit value at end of period $1.35 $1.11 $0.80 $1.47 $1.35 $1.19 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,680 2,952 5,049 5,225 7,878 393 -- -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.03 $0.83 $1.34 $1.29 $1.13 $1.10 $1.01 $0.80 $1.00 Accumulation unit value at end of period $1.17 $1.03 $0.83 $1.34 $1.29 $1.13 $1.10 $1.01 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 3,421 4,568 5,854 8,187 9,874 10,825 9,241 5,428 1,648 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $0.97 $0.78 $1.30 $1.33 $1.13 $1.09 $1.00 -- -- Accumulation unit value at end of period $1.16 $0.97 $0.78 $1.30 $1.33 $1.13 $1.09 -- -- Number of accumulation units outstanding at end of period (000 omitted) 561 429 584 789 734 632 499 -- -- ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.32 $0.95 $1.57 $1.66 $1.51 $1.45 $1.24 $0.85 $1.00 Accumulation unit value at end of period $1.65 $1.32 $0.95 $1.57 $1.66 $1.51 $1.45 $1.24 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 880 971 1,315 2,098 3,358 3,917 3,802 2,139 516 ------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.12 $1.07 $1.11 $1.07 $1.04 $1.04 $1.04 $1.04 $1.00 Accumulation unit value at end of period $1.14 $1.12 $1.07 $1.11 $1.07 $1.04 $1.04 $1.04 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 9,727 11,135 13,972 12,745 15,464 16,802 16,700 13,079 7,646 ------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.73 $1.12 $0.97 $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 $0.87 $0.73 $1.12 $0.97 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,563 2,966 2,963 1,728 4,962 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.86 $0.71 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.96 $0.86 $0.71 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 64 334 66 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.97 $0.84 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,836 2,130 1,506 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.90 $0.76 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.90 $0.76 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,345 2,219 1,184 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.89 $0.73 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 958 873 466 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 83
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,349 1,964 993 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.06 $0.74 $1.03 $1.03 $1.00 -- -- -- -- Accumulation unit value at end of period $1.14 $1.06 $0.74 $1.03 $1.03 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,500 12,792 11,376 13,146 12,200 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.90 $0.68 $1.19 $1.03 $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 $0.90 $0.68 $1.19 $1.03 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,302 15,949 27,515 23,069 20,348 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.02 $0.81 $1.42 $1.28 $1.15 $1.09 $1.04 $0.85 $1.00 Accumulation unit value at end of period $1.16 $1.02 $0.81 $1.42 $1.28 $1.15 $1.09 $1.04 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 5,091 6,236 8,328 12,003 16,152 18,132 18,010 11,020 3,508 ------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.84 $1.33 $2.23 $1.95 $1.76 $1.51 $1.23 $0.90 $1.00 Accumulation unit value at end of period $2.33 $1.84 $1.33 $2.23 $1.95 $1.76 $1.51 $1.23 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 9,514 14,164 20,610 25,720 32,335 28,423 18,934 9,886 3,541 ------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.43 $1.14 $2.07 $1.79 $1.53 $1.31 $1.17 $0.83 $1.00 Accumulation unit value at end of period $1.59 $1.43 $1.14 $2.07 $1.79 $1.53 $1.31 $1.17 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 2,441 3,135 4,259 5,901 7,436 6,520 5,276 2,292 610 ------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.23 $1.05 $1.84 $2.35 $1.97 $1.76 $1.35 $1.01 $1.00 Accumulation unit value at end of period $1.47 $1.23 $1.05 $1.84 $2.35 $1.97 $1.76 $1.35 $1.01 Number of accumulation units outstanding at end of period (000 omitted) 3,274 4,145 5,481 8,852 13,498 15,139 12,119 6,601 2,989 ------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.48 $1.16 $1.75 $1.82 $1.57 $1.46 $1.20 $0.92 $1.00 Accumulation unit value at end of period $1.88 $1.48 $1.16 $1.75 $1.82 $1.57 $1.46 $1.20 $0.92 Number of accumulation units outstanding at end of period (000 omitted) 2,911 3,457 4,647 7,056 8,954 8,682 5,338 3,257 1,610 ------------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.24 $0.99 $1.60 $1.56 $1.34 $1.22 $1.10 $0.89 $1.00 Accumulation unit value at end of period $1.36 $1.24 $0.99 $1.60 $1.56 $1.34 $1.22 $1.10 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 4,727 5,705 8,193 12,837 13,922 11,400 7,311 3,856 1,418 ------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (02/13/2002) Accumulation unit value at beginning of period $1.60 $1.22 $1.96 $1.92 $1.68 $1.50 $1.21 $0.95 $1.00 Accumulation unit value at end of period $1.98 $1.60 $1.22 $1.96 $1.92 $1.68 $1.50 $1.21 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 6,137 7,669 10,448 15,654 19,762 20,011 10,047 5,836 2,777 ------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (02/13/2002) Accumulation unit value at beginning of period $0.99 $0.83 $1.33 $1.37 $1.23 $1.17 $1.03 $0.80 $1.00 Accumulation unit value at end of period $1.10 $0.99 $0.83 $1.33 $1.37 $1.23 $1.17 $1.03 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 4,364 5,508 7,207 11,550 15,324 16,269 6,220 2,770 1,483 ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (02/13/2002) Accumulation unit value at beginning of period $0.88 $0.73 $1.29 $1.17 $1.12 $1.04 $0.99 $0.78 $1.00 Accumulation unit value at end of period $1.00 $0.88 $0.73 $1.29 $1.17 $1.12 $1.04 $0.99 $0.78 Number of accumulation units outstanding at end of period (000 omitted) 3,563 4,612 5,453 7,314 10,002 11,202 2,736 978 447 ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (02/13/2002) Accumulation unit value at beginning of period $1.21 $0.86 $1.65 $1.51 $1.32 $1.22 $1.07 $0.80 $1.00 Accumulation unit value at end of period $1.42 $1.21 $0.86 $1.65 $1.51 $1.32 $1.22 $1.07 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 784 992 1,232 1,796 2,051 1,835 1,591 774 463 ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. DYNAMICS FUND, SERIES I SHARES (02/13/2002) Accumulation unit value at beginning of period $1.09 $0.77 $1.51 $1.36 $1.19 $1.08 $0.97 $0.71 $1.00 Accumulation unit value at end of period $1.33 $1.09 $0.77 $1.51 $1.36 $1.19 $1.08 $0.97 $0.71 Number of accumulation units outstanding at end of period (000 omitted) 132 145 186 257 357 495 596 554 286 *Invesco V.I. Dynamics Fund, Series I Shares is scheduled to be merged into Invesco V.I. Capital Development Fund, Series I Shares on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------
84 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES I SHARES* (02/13/2002) Accumulation unit value at beginning of period $0.56 $0.44 $1.10 $1.43 $1.25 $1.19 $1.11 $0.87 $1.00 Accumulation unit value at end of period $0.61 $0.56 $0.44 $1.10 $1.43 $1.25 $1.19 $1.11 $0.87 Number of accumulation units outstanding at end of period (000 omitted) 911 1,003 1,016 586 904 832 915 731 446 *Invesco V.I. Financial Services Fund, Series I Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series I Shares on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.00 $0.79 $1.13 $1.02 $1.00 -- -- -- -- Accumulation unit value at end of period $1.03 $1.00 $0.79 $1.13 $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 387 587 665 456 2,466 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.22 $0.92 $1.56 $1.38 $1.09 $1.00 -- -- -- Accumulation unit value at end of period $1.36 $1.22 $0.92 $1.56 $1.38 $1.09 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,536 7,083 7,389 4,140 267 5 -- -- -- ------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. TECHNOLOGY FUND, SERIES I SHARES (02/13/2002) Accumulation unit value at beginning of period $0.83 $0.53 $0.98 $0.92 $0.84 $0.83 $0.80 $0.56 $1.00 Accumulation unit value at end of period $1.00 $0.83 $0.53 $0.98 $0.92 $0.84 $0.83 $0.80 $0.56 Number of accumulation units outstanding at end of period (000 omitted) 1,578 1,450 1,188 1,544 1,896 2,168 923 573 157 ------------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.05 $0.83 $1.30 $1.35 $1.18 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.20 $1.05 $0.83 $1.30 $1.35 $1.18 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,203 15,447 21,701 27,381 32,887 26,831 6,418 -- -- ------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES GLOBAL TECHNOLOGY PORTFOLIO: SERVICE SHARES (02/13/2002) Accumulation unit value at beginning of period $1.11 $0.71 $1.29 $1.07 $1.01 $0.91 $0.92 $0.63 $1.00 Accumulation unit value at end of period $1.36 $1.11 $0.71 $1.29 $1.07 $1.01 $0.91 $0.92 $0.63 Number of accumulation units outstanding at end of period (000 omitted) 169 178 134 206 215 230 249 279 112 ------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.84 $0.63 $1.06 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.95 $0.84 $0.63 $1.06 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,827 18,450 16,906 12,686 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES OVERSEAS PORTFOLIO: SERVICE SHARES (02/13/2002) Accumulation unit value at beginning of period $2.45 $1.38 $2.93 $2.32 $1.60 $1.23 $1.05 $0.79 $1.00 Accumulation unit value at end of period $3.02 $2.45 $1.38 $2.93 $2.32 $1.60 $1.23 $1.05 $0.79 Number of accumulation units outstanding at end of period (000 omitted) 725 806 986 1,042 1,094 854 1,006 956 646 ------------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $1.01 $0.74 $1.18 $1.08 $1.02 $0.99 $0.92 $0.76 $1.00 Accumulation unit value at end of period $1.12 $1.01 $0.74 $1.18 $1.08 $1.02 $0.99 $0.92 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 1,440 2,149 2,427 3,135 4,033 4,710 3,047 2,246 712 ------------------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $1.12 $0.70 $1.17 $1.16 $1.04 $1.00 $0.95 $0.72 $1.00 Accumulation unit value at end of period $1.51 $1.12 $0.70 $1.17 $1.16 $1.04 $1.00 $0.95 $0.72 Number of accumulation units outstanding at end of period (000 omitted) 1,318 1,542 1,851 2,675 3,472 4,247 4,567 3,912 1,784 ------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $2.21 $1.69 $2.74 $2.18 $1.68 $1.46 $1.14 $0.85 $1.00 Accumulation unit value at end of period $2.48 $2.21 $1.69 $2.74 $2.18 $1.68 $1.46 $1.14 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 2,748 3,343 4,698 6,370 6,302 5,189 2,575 1,371 431 ------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.85 $0.61 $1.10 $1.22 $1.00 -- -- -- -- Accumulation unit value at end of period $1.03 $0.85 $0.61 $1.10 $1.22 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,304 4,848 7,113 4,961 4,670 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.98 $0.63 $1.19 $0.99 $1.00 -- -- -- -- Accumulation unit value at end of period $1.28 $0.98 $0.63 $1.19 $0.99 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,284 1,240 1,487 1,490 3,111 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.75 $0.56 $1.06 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $0.90 $0.75 $0.56 $1.06 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 320 4,088 5,048 4,922 4,471 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 85
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.28 $0.93 $1.58 $1.50 $1.30 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.46 $1.28 $0.93 $1.58 $1.50 $1.30 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,966 3,414 4,437 6,986 8,796 5,927 2,391 -- -- ------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.22 $1.04 $1.23 $1.14 $1.08 $1.06 $1.00 -- -- Accumulation unit value at end of period $1.38 $1.22 $1.04 $1.23 $1.14 $1.08 $1.06 -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,920 45,739 58,677 62,902 46,387 23,303 4,223 -- -- ------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.14 $0.84 $1.37 $1.41 $1.24 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.38 $1.14 $0.84 $1.37 $1.41 $1.24 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,099 2,510 3,184 4,773 5,725 3,700 1,477 -- -- ------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.11 $0.92 $1.11 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.24 $1.11 $0.92 $1.11 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7,492 15,667 18,406 14,755 14,860 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- PUTNAM VT GLOBAL HEALTH CARE FUND - CLASS IB SHARES (02/13/2002) Accumulation unit value at beginning of period $1.13 $0.91 $1.11 $1.13 $1.11 $1.00 $0.94 $0.80 $1.00 Accumulation unit value at end of period $1.15 $1.13 $0.91 $1.11 $1.13 $1.11 $1.00 $0.94 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 683 936 1,192 1,630 2,416 2,388 1,649 1,108 583 ------------------------------------------------------------------------------------------------------------------------- PUTNAM VT INTERNATIONAL EQUITY FUND - CLASS IB SHARES (02/13/2002) Accumulation unit value at beginning of period $1.28 $1.04 $1.87 $1.75 $1.39 $1.25 $1.09 $0.86 $1.00 Accumulation unit value at end of period $1.39 $1.28 $1.04 $1.87 $1.75 $1.39 $1.25 $1.09 $0.86 Number of accumulation units outstanding at end of period (000 omitted) 801 1,046 1,497 2,184 2,660 3,019 2,995 2,797 1,392 ------------------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 189 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18,111 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,130 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 31,375 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20,762 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.67 $1.11 $1.08 $1.00 -- -- -- -- Accumulation unit value at end of period $0.96 $0.87 $0.67 $1.11 $1.08 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,020 17,879 12,896 9,646 10,682 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.12 $0.83 $1.33 $1.27 $1.11 $1.12 $1.00 -- -- Accumulation unit value at end of period $1.35 $1.12 $0.83 $1.33 $1.27 $1.11 $1.12 -- -- Number of accumulation units outstanding at end of period (000 omitted) 347 389 614 980 1,141 1,193 732 -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 267,638 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 95,000 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------
86 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 98,233 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 43,525 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 82,795 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 38,588 -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.52 $1.12 $1.66 $1.77 $1.49 $1.42 $1.20 $0.88 $1.00 Accumulation unit value at end of period $1.86 $1.52 $1.12 $1.66 $1.77 $1.49 $1.42 $1.20 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 2,661 9,298 11,506 12,216 10,437 11,559 7,783 5,093 2,665 ------------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (02/13/2002) Accumulation unit value at beginning of period $2.45 $1.66 $3.08 $2.68 $1.98 $1.65 $1.28 $0.87 $1.00 Accumulation unit value at end of period $3.02 $2.45 $1.66 $3.08 $2.68 $1.98 $1.65 $1.28 $0.87 Number of accumulation units outstanding at end of period (000 omitted) 4,188 7,020 8,509 10,565 12,918 11,470 5,817 2,667 1,055 ------------------------------------------------------------------------------------------------------------------------- WANGER USA (02/13/2002) Accumulation unit value at beginning of period $1.43 $1.02 $1.71 $1.64 $1.54 $1.40 $1.20 $0.85 $1.00 Accumulation unit value at end of period $1.75 $1.43 $1.02 $1.71 $1.64 $1.54 $1.40 $1.20 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 7,116 11,266 14,444 19,504 23,503 23,080 15,408 8,442 3,131 ------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (12/08/2003) Accumulation unit value at beginning of period $1.16 $0.86 $1.30 $1.22 $1.10 $1.02 $0.95 $0.91 -- Accumulation unit value at end of period $1.33 $1.16 $0.86 $1.30 $1.22 $1.10 $1.02 $0.95 -- Number of accumulation units outstanding at end of period (000 omitted) 707 797 823 954 1,268 1,570 1,304 1,011 -- ------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INDEX ASSET ALLOCATION FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.12 $0.98 $1.40 $1.32 $1.19 $1.15 $1.06 $0.88 $1.00 Accumulation unit value at end of period $1.26 $1.12 $0.98 $1.40 $1.32 $1.19 $1.15 $1.06 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 776 1,012 1,711 1,996 2,159 2,480 2,738 2,182 770 ------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.18 $1.04 $1.80 $1.59 $1.31 $1.14 $1.00 -- -- Accumulation unit value at end of period $1.36 $1.18 $1.04 $1.80 $1.59 $1.31 $1.14 -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,780 8,152 2,508 3,470 4,047 3,150 728 -- -- ------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.27 $0.87 $1.47 $1.39 $1.25 $1.18 $1.01 $0.75 $1.00 Accumulation unit value at end of period $1.55 $1.27 $0.87 $1.47 $1.39 $1.25 $1.18 $1.01 $0.75 Number of accumulation units outstanding at end of period (000 omitted) 941 1,067 1,472 2,414 3,081 3,829 3,698 3,344 1,985 ------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.31 $0.87 $1.51 $1.34 $1.10 $1.05 $0.94 $0.67 $1.00 Accumulation unit value at end of period $1.65 $1.31 $0.87 $1.51 $1.34 $1.10 $1.05 $0.94 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 1,331 1,388 1,360 1,799 1,527 1,557 1,643 1,441 387 -------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS 87 TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION Calculating Annuity Payouts................. p. 3 Rating Agencies............................. p. 4 Revenues Received During Calendar Year 2010...................................... p. 4 Principal Underwriter....................... p. 5 Independent Registered Public Accounting Firm...................................... p. 5 Financial Statements
88 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE / RETIREMENT ADVISOR SELECT VARIABLE ANNUITY -- PROSPECTUS THIS PAGE LEFT BLANK INTENTIONALLY THIS PAGE LEFT BLANK INTENTIONALLY THIS PAGE LEFT BLANK INTENTIONALLY THIS PAGE LEFT BLANK INTENTIONALLY (RIVERSOURCE ANNUITIES LOGO) RiverSource Life Insurance Company 70100 Ameriprise Financial Center Minneapolis, MN 55474 1 (800) 862-7919 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. (C) 2008-2011 RiverSource Life Insurance Company. All rights reserved. S-6406 P (4/11) PROSPECTUS APRIL 29, 2011 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS(R) VARIABLE ANNUITY RIVERSOURCE RETIREMENT ADVISOR SELECT PLUS(R) VARIABLE ANNUITY INDIVIDUAL FLEXIBLE PREMIUM DEFERRED COMBINATION FIXED/VARIABLE ANNUITIES New RiverSource Retirement Advisor Advantage Plus and RiverSource Retirement Advisor Select Plus contracts are not currently being offered. ISSUED BY: RIVERSOURCE LIFE INSURANCE COMPANY (RIVERSOURCE LIFE) 70100 Ameriprise Financial Center Minneapolis, MN 55474 Telephone: (800) 862-7919 ameriprise.com/variableannuities RIVERSOURCE VARIABLE ACCOUNT 10/RIVERSOURCE ACCOUNT MGA This prospectus contains information that you should know before investing in the RiverSource Retirement Advisor Advantage Plus Variable Annuity (RAVA Advantage Plus), or the RiverSource Retirement Advisor Select Plus Variable Annuity (RAVA Select Plus). The information in this prospectus applies to both contracts unless stated otherwise. Prospectuses are also available for: Alliance Bernstein Variable Products Series Fund, Inc. American Century Variable Portfolios, Inc. Calvert Variable Series, Inc. Columbia Funds Variable Insurance Trust Columbia Funds Variable Series Trust II (previously RiverSource Variable Series Trust) Credit Suisse Trust Eaton Vance Variable Trust Fidelity(R) Variable Insurance Products - Service Class 2 Franklin(R) Templeton(R) Variable Insurance Products Trust (FTVIPT) - Class 2 Goldman Sachs Variable Insurance Trust (VIT) Invesco Variable Insurance Funds Janus Aspen Series: Service Shares Legg Mason Variable Portfolios I, Inc. MFS(R) Variable Insurance Trust(SM) Morgan Stanley Universal Investment Funds (UIF) Neuberger Berman Advisers Management Trust Oppenheimer Variable Account Funds - Service Shares PIMCO Variable Insurance Trust (VIT) Putnam Variable Trust - Class IB Shares Wanger Advisors Trust Wells Fargo Variable Trust Please read the prospectuses carefully and keep them for future reference. The contracts provide for purchase payment credits which we may reverse under certain circumstances. Expenses may be higher and surrender charges may be higher and longer for contracts with purchase payment credits than for contracts without such credits. The amount of the credit may be more than offset by additional charges associated with the credit. THE SECURITIES AND EXCHANGE COMMISSION (SEC) HAS NOT APPROVED OR DISAPPROVED THESE SECURITIES OR PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. AN INVESTMENT IN THIS CONTRACT IS NOT A DEPOSIT OF A BANK OR FINANCIAL INSTITUTION AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY OTHER GOVERNMENT AGENCY. AN INVESTMENT IN THIS CONTRACT INVOLVES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. A Statement of Additional Information (SAI), dated the same date as this prospectus, is incorporated by reference into this prospectus. It is filed with the SEC and is available without charge by contacting RiverSource Life at the telephone number and address listed above. The table of contents of the SAI is on the last page of this prospectus. The SEC maintains an Internet site. This prospectus, the SAI and other information about the product are available on the EDGAR Database on the SEC's Internet site at (http://www.sec.gov). RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 1 Variable annuities are insurance products that are complex investment vehicles. Be sure to ask your financial advisor about the contract features, benefits, risks and fees, and whether the contract is appropriate for you, based upon your financial situation and objectives. This prospectus provides a general description of the contracts. Your actual contract and any riders or endorsements are the controlling documents. RiverSource Life offers several different annuities which your financial advisor may or may not be authorized to offer to 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, surrender charge schedules and access to your annuity account values. The fees and charges may also be different between each annuity. TABLE OF CONTENTS KEY TERMS................................... 3 THE CONTRACT IN BRIEF....................... 6 EXPENSE SUMMARY............................. 8 CONDENSED FINANCIAL INFORMATION............. 16 FINANCIAL STATEMENTS........................ 16 THE VARIABLE ACCOUNT AND THE FUNDS.......... 16 GUARANTEE PERIOD ACCOUNTS (GPAS)............ 27 THE FIXED ACCOUNT........................... 28 THE SPECIAL DCA ACCOUNT..................... 29 BUYING YOUR CONTRACT........................ 29 CHARGES..................................... 32 VALUING YOUR INVESTMENT..................... 38 MAKING THE MOST OF YOUR CONTRACT............ 40 SURRENDERS.................................. 48 TSA -- SPECIAL PROVISIONS................... 49 CHANGING OWNERSHIP.......................... 50 BENEFITS IN CASE OF DEATH -- STANDARD DEATH BENEFIT................................... 50 OPTIONAL BENEFITS........................... 52 THE ANNUITY PAYOUT PERIOD................... 65 TAXES....................................... 67 VOTING RIGHTS............................... 71 SUBSTITUTION OF INVESTMENTS................. 71 ABOUT THE SERVICE PROVIDERS................. 71 ADDITIONAL INFORMATION...................... 72 APPENDIX A: EXAMPLE -- MARKET VALUE ADJUSTMENT (MVA).......................... 75 APPENDIX B: EXAMPLE -- SURRENDER CHARGES.... 77 APPENDIX C: EXAMPLE -- OPTIONAL BENEFITS.... 81 APPENDIX D: CONDENSED FINANCIAL INFORMATION (UNAUDITED)............................... 86 TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION.................... 116
2 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS KEY TERMS These terms can help you understand details about your contract. ACCUMULATION UNIT: A measure of the value of each subaccount before annuity payouts begin. ANNUITANT: The person or persons on whose life or life expectancy the annuity payouts are based. ANNUITY PAYOUTS: An amount paid at regular intervals under one of several plans. ASSUMED INVESTMENT RATE: The rate of return we assume your investments will earn when we calculate your initial annuity payout amount using the annuity table in your contract. The standard assumed investment rate we use is 5% but you may request we substitute an assumed investment rate of 3.5%. BAND 3 ANNUITIES: RAVA Advantage Plus and RAVA Select Plus contracts that are available for: - current or retired employees of Ameriprise Financial, Inc. or its subsidiaries and their spouses (employees), - current or retired Ameriprise financial advisors and their spouses (advisors), or - individuals investing an initial purchase payment of $1 million or more, with our approval (other individuals). BENEFICIARY: The person you designate to receive benefits in case of your death while the contract is in force. CLOSE OF BUSINESS: The time the New York Stock Exchange (NYSE) closes (4 p.m. Eastern time unless the NYSE closes earlier). CODE: The Internal Revenue Code of 1986, as amended. CONTRACT: A deferred annuity contract that permits you to accumulate money for retirement by making one or more purchase payments. It provides for lifetime or other forms of payouts beginning at a specified time in the future. CONTRACT VALUE: The total value of your contract before we deduct any applicable charges. CONTRACT YEAR: A period of 12 months, starting on the effective date of your contract and on each anniversary of the effective date. ENHANCED EARNINGS DEATH BENEFIT (EEB) AND ENHANCED EARNINGS PLUS DEATH BENEFIT (EEP): These are optional benefits you can add to your contract for an additional charge. Each is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. You can elect to purchase either the EEB or the EEP, subject to certain restrictions. FIXED ACCOUNT: An account to which you may allocate purchase payments. Amounts you allocate to this account earn interest at rates that we declare periodically. FUNDS: Investment options under your contract. Unless an asset allocation program is in effect, you may allocate your purchase payments into subaccounts investing in shares of any or all of these funds. GOOD ORDER: We cannot process your transaction request relating to the contract until we have received the request in good order at our corporate office. "Good order" means the actual receipt of the requested transaction in writing, along with all information and supporting legal documentation necessary to effect the transaction. This information and documentation generally includes your completed request; the contract number; the transaction amount (in dollars); the names of and allocations to and/or from the subaccounts and the fixed account affected by the requested transaction; the signatures of all contract owners, exactly as registered on the contract, if necessary; Social Security Number or Taxpayer Identification Number; and any other information or supporting documentation that we may require. With respect to purchase requests, "good order" also generally includes receipt of sufficient payment by us to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in good order, and we reserve the right to change or waive any good order requirements at any time. GUARANTEE PERIOD: The number of successive 12-month periods that a guaranteed interest rate is credited. GUARANTEE PERIOD ACCOUNTS (GPAS): A nonunitized separate account to which you may allocate purchase payments and purchase payment credits or transfer contract value of at least $1,000. These accounts have guaranteed interest rates for guarantee periods we declare when you allocate purchase payments and purchase payment credits or transfer contract value to a GPA. These guaranteed rates and periods of time may vary by state. Unless an exception applies, transfers or surrenders from a GPA done more than 30 days before the end of the guarantee period will receive a Market Value Adjustment, which may result in a gain or loss of principal. GUARANTEED MINIMUM ACCUMULATION BENEFIT RIDER (ACCUMULATION BENEFIT): This is an optional benefit that you can add to your contract for an additional charge. It is intended to provide you with a guaranteed contract value at the end of a specified waiting period regardless of the volatility inherent in the investments in the subaccounts. This rider requires participation in the Portfolio Navigator Program. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 3 GUARANTEED MINIMUM WITHDRAWAL BENEFIT RIDER (WITHDRAWAL BENEFIT): This is an optional benefit you can add to your contract for an additional charge. It is intended to provide a guaranteed withdrawal benefit that gives you the right to make limited partial withdrawals each contract year. This rider requires participation in the Portfolio Navigator program. For purposes of this rider, the term "withdrawal" is equal to the term "surrender" in your contract and any other riders. MARKET VALUE ADJUSTMENT (MVA): A positive or negative adjustment assessed if any portion of a Guarantee Period Account is surrendered or transferred more than 30 days before the end of its guarantee period. MAXIMUM ANNIVERSARY VALUE DEATH BENEFIT (MAV) AND MAXIMUM FIVE-YEAR ANNIVERSARY VALUE DEATH BENEFIT (5-YEAR MAV): These are optional benefits you can add to your contract for an additional charge. Each is intended to provide additional death benefit protection in the event of fluctuating fund values. You can elect to purchase either the MAV or the 5-Year MAV, subject to certain restrictions. OWNER (YOU, YOUR): A natural person or persons identified in the contract as owner(s) of the contract, (including a revocable trust) who has or have the right to control the contract (to decide on investment allocations, transfers, payout options, etc.). Usually, but not always, the owner is also the annuitant. The owner is responsible for taxes, regardless of whether he or she receives the contract's benefits. If the contract has a nonnatural person as the owner, "you, your" means the annuitant. When the contract is owned by a revocable trust, the annuitant selected should be the grantor of the trust to qualify for income tax deferral. PORTFOLIO NAVIGATOR PROGRAM (PN PROGRAM): This is a program in which you are required to participate through the choice of a PN program investment option if you select the optional Accumulation Benefit rider or the optional Withdrawal Benefit rider. PURCHASE PAYMENT CREDITS: An addition we make to your contract value. We base the amount of the credit on the surrender charge schedule you elect and/or total purchase payments. QUALIFIED ANNUITY: A contract that you purchase to fund one of the following tax-deferred retirement plans that is subject to applicable federal law and any rules of the plan itself: - Individual Retirement Annuities (IRAs) including inherited IRAs under Section 408(b) of the Code - Roth IRAs including inherited Roth IRAs under Section 408A of the Code - SIMPLE IRAs under Section 408(p) of the Code - Simplified Employee Pension IRA (SEP) plans under Section 408(k) of the Code - Plans under Section 401(k) of the Code - Custodial and investment only accounts maintained for qualified retirement plans under Section 401(a) of the Code - Tax-Sheltered Annuities (TSAs) under Section 403(b) of the Code A qualified annuity will not provide any necessary or additional tax deferral if it is used to fund a retirement plan that is already tax-deferred. All other contracts are considered NONQUALIFIED ANNUITIES. RETURN OF PURCHASE PAYMENTS DEATH BENEFIT (ROPP): This is an optional benefit that you can add to your contract for an additional charge if you are age 76 or older at contract issue that is intended to provide additional death benefit protection in the event of fluctuating fund values. ROPP is included in the standard death benefit for contract owners age 75 and under on the contract effective date at no additional cost. RIDER: You receive a rider to your contract when you purchase the EEB, EEP, MAV, 5-Year MAV, ROPP, PN, Accumulation Benefit and/or Withdrawal Benefit rider. Beginning May 10, 2010, the PN rider is not required to select the PN program. The rider adds the terms of the optional benefit to your contract. RIDER EFFECTIVE DATE: The date a rider becomes effective as stated in the rider. RIVERSOURCE LIFE: In this prospectus, "we," "us," "our" and "RiverSource Life" refer to RiverSource Life Insurance Company. SETTLEMENT DATE: The date when annuity payouts are scheduled to begin. SPECIAL DOLLAR-COST AVERAGING (SPECIAL DCA) ACCOUNT: An account to which you may allocate new purchase payments of at least $10,000. Amounts you allocate to this account earn interest at rates that we declare periodically and will transfer into your specified subaccount allocations in six monthly transfers. The Special DCA account may not be available at all times. SURRENDER VALUE: The amount you are entitled to receive if you make a full surrender from your contract. It is the contract value minus any applicable charges. VALUATION DATE: Any normal business day, Monday through Friday, on which the NYSE is open, up to the close of business. At the close of business, the next valuation date begins. We calculate the accumulation unit value of each subaccount on each valuation date. If we receive your purchase payment or any transaction request (such as a transfer or surrender request) in 4 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS good order at our corporate office before the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the valuation date we received your payment or transaction request. On the other hand, if we receive your purchase payment or transaction request in good order at our corporate office at or after the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the next valuation date. If you make a transaction request by telephone (including by fax), you must have completed your transaction by the close of business in order for us to process it using the accumulation unit value we calculate on that valuation date. If you were not able to complete your transaction before the close of business for any reason, including telephone service interruptions or delays due to high call volume, we will process your transaction using the accumulation unit value we calculate on the next valuation date. VARIABLE ACCOUNT: Consists of separate subaccounts to which you may allocate purchase payments; each invests in shares of one fund. The value of your investment in each subaccount changes with the performance of the particular fund. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 5 THE CONTRACT IN BRIEF This prospectus describes two contracts. RAVA Advantage Plus offers a choice of a seven-year or a ten-year surrender charge schedule and relatively lower expenses. RAVA Select Plus offers a three-year surrender charge schedule and relatively higher expenses. The information in this prospectus applies to both contracts unless stated otherwise. PURPOSE: The purpose of each contract is to allow you to accumulate money for retirement or similar long-term goal. You do this by making one or more purchase payments. You may allocate your purchase payments to the GPAs, fixed account, subaccounts and/or Special DCA account (when available) under the contract. These accounts, in turn, may earn returns that increase the value of the contract; however, you risk losing amounts you invest in the subaccounts of the variable account. Beginning at a specified time in the future called the settlement date, the contract provides lifetime or other forms of payouts of your contract value (less any applicable premium tax). TAX-DEFERRED RETIREMENT PLANS: Most annuities have a tax-deferred feature. So do many retirement plans under the Code. As a result, when you use a qualified annuity to fund a retirement plan that is tax-deferred, your contract will not provide any necessary or additional tax deferral for that retirement plan. A qualified annuity has features other than tax deferral that may help you reach your retirement goals. In addition, the Code subjects retirement plans to required withdrawals triggered at a certain age. These mandatory withdrawals are called required minimum distributions (RMDs). RMDs may reduce the value of certain death benefits and optional riders (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). You should consult your tax advisor before you purchase the contract as a qualified annuity for an explanation of the potential tax implications to you. ACCOUNTS: Generally, you may allocate your purchase payments among any or all of: - the subaccounts of the variable accounts, each of which invests in a fund with a particular investment objective. The value of each subaccount varies with the performance of the particular fund in which it invests. We cannot guarantee that the value at the settlement date will equal or exceed the total purchase payments you allocate to the subaccounts. (see "The Variable Account and the Funds") - the GPAs which earn interest at rates declared when you make an allocation to that account. The required minimum investment in each GPA is $1,000. These accounts may not be available in all states. (see "Guarantee Period Accounts (GPAs)") - the fixed account, which earns interest at a rate that we adjust periodically. Purchase payment allocations to the fixed account may be subject to special restrictions. (see "The Fixed Account") - the Special DCA account, when available. (see "The Fixed Account -- The Special DCA Fixed Account") BUYING YOUR CONTRACT: We no longer offer new contracts. However, you have the option of making additional purchase payments in the future. (see "Buying Your Contract") TRANSFERS: Subject to certain restrictions, you currently may redistribute your contract value among the subaccounts until annuity payouts begin, and once per contract year after annuity payouts begin. Transfers out of the GPAs done more than 30 days before the end of the Guarantee Period will be subject to an MVA, unless an exception applies. You may establish automated transfers among the accounts. You may not transfer existing amounts to the Special DCA account. GPAs and fixed account transfers are subject to special restrictions. (see "Making the Most of Your Contract -- Transferring Among Accounts") SURRENDERS: You may surrender all or part of your contract value at any time before the settlement date. You also may establish automated partial surrenders. Surrenders may be subject to charges and income taxes (including an IRS penalty if you surrender prior to your reaching age 59 1/2) and may have other tax consequences; also, certain restrictions apply. (see "Surrenders") BENEFITS IN CASE OF DEATH: If you die before annuity payouts begin, we will pay the beneficiary an amount at least equal to the contract value, except in the case of a purchase payment credit reversal. (see "Benefits in Case of Death -- Standard Death Benefit") OPTIONAL BENEFITS: These contracts offer optional living and death benefits that are available for additional charges if you meet certain criteria. Optional living benefits require your participation in the PN program, which may limit transfers and allocations; may limit the timing, amount and allocation of purchase payments; and may limit the amount of partial surrenders that can be taken under the optional benefit during a contract year. (see "Optional Benefits") ANNUITY PAYOUTS: You can apply your contract value, after reflecting any adjustments, to an annuity payout plan that begins on the settlement date. You may choose from a variety of plans to make sure that payouts continue as long as you like. If you purchased a qualified annuity, the payout schedule must meet IRS requirements. We can make payouts on a fixed or variable basis, or both. Total monthly payouts may include amounts from each subaccount and the fixed account. During the annuity 6 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS payout period, you cannot be invested in more than five subaccounts at any one time unless we agree otherwise. (See "The Annuity Payout Period") TAXES: Generally, income earned on your contract value grows tax-deferred until you surrender it or begin to receive payouts. (Under certain circumstances, IRS penalty taxes may apply.) The tax treatment of qualified and nonqualified annuities differs. Even if you direct payouts to someone else, you will be taxed on the income if you are the owner. However, Roth IRAs may grow and be distributed tax free if you meet certain distribution requirements. (See "Taxes") RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 7 EXPENSE SUMMARY THE FOLLOWING TABLES DESCRIBE THE FEES AND EXPENSES THAT YOU WILL PAY WHEN BUYING, OWNING AND SURRENDERING THE CONTRACT. THE FIRST TABLE DESCRIBES THE FEES AND EXPENSES THAT YOU PAID AT THE TIME THAT YOU BOUGHT THE CONTRACT OR SURRENDER THE CONTRACT. STATE PREMIUM TAXES ALSO MAY BE DEDUCTED. CONTRACT OWNER TRANSACTION EXPENSES SURRENDER CHARGE FOR RAVA ADVANTAGE PLUS (Contingent deferred sales load as a percentage of purchase payment surrendered) You select either a seven-year or ten-year surrender charge schedule at the time of application.(*)
SEVEN-YEAR SCHEDULE NUMBER OF COMPLETED YEARS FROM DATE OF EACH SURRENDER CHARGE PURCHASE PAYMENT PERCENTAGE 0 7% 1 7 2 7 3 6 4 5 5 4 6 2 7+ 0 SEVEN-YEAR SCHEDULE TEN-YEAR SCHEDULE* NUMBER OF COMPLETED NUMBER OF COMPLETED YEARS FROM DATE OF EACH YEARS FROM DATE OF EACH PURCHASE PAYMENT PURCHASE PAYMENT 0 0 1 1 2 2 3 3 4 4 5 5 6 6 7+ 7 8 9 10+ SEVEN-YEAR SCHEDULE NUMBER OF COMPLETED TEN-YEAR SCHEDULE* YEARS FROM DATE OF EACH SURRENDER CHARGE PURCHASE PAYMENT PERCENTAGE 0 8% 1 8 2 8 3 7 4 7 5 6 6 5 7+ 4 3 2 0
* The ten-year surrender charge schedule is not available for contracts issued in Oregon. In Connecticut and Utah, the ten-year surrender charge schedule is 8% for years 0-2, 7% for year 3 and declining by 1% each year thereafter until it is 0% for years 10+. For contracts issued in Alabama, Massachusetts, Oregon and Washington, surrender charges are waived after the tenth contract anniversary for all payments regardless of when payments are made. SURRENDER CHARGE FOR RAVA SELECT PLUS (EXCEPT TEXAS) (Contingent deferred sales load as a percentage of purchase payment surrendered)
YEARS FROM CONTRACT DATE SURRENDER CHARGE PERCENTAGE 1 7% 2 7 3 7 Thereafter 0
SURRENDER CHARGE FOR RAVA SELECT PLUS IN TEXAS (Contingent deferred sales load)
SURRENDER CHARGE PERCENTAGE (AS A PERCENTAGE OF PURCHASE PAYMENTS SURRENDERED) IN CONTRACT YEAR PAYMENTS MADE IN CONTRACT YEAR 1 1 8% 2 3 Thereafter SURRENDER CHARGE PERCENTAGE (AS A PERCENTAGE OF PURCHASE PAYMENTS SURRENDERED) IN CONTRACT YEAR PAYMENTS MADE IN CONTRACT YEAR 2 1 7% 2 8 3 Thereafter SURRENDER CHARGE PERCENTAGE (AS A PERCENTAGE OF PURCHASE PAYMENTS SURRENDERED) IN CONTRACT YEAR PAYMENTS MADE IN CONTRACT YEAR 3 1 6% 2 7 3 8 Thereafter SURRENDER CHARGE PERCENTAGE (AS A PERCENTAGE OF PURCHASE PAYMENTS SURRENDERED) IN CONTRACT YEAR PAYMENTS MADE IN CONTRACT YEAR THEREAFTER 1 0% 2 0 3 0 Thereafter 0
SURRENDER CHARGE UNDER ANNUITY PAYOUT PLAN E -- PAYOUTS FOR A SPECIFIED PERIOD: Under this annuity payout plan, you can choose to take a surrender. The amount that you can surrender is the present value of any remaining variable payouts. The discount rate we use in the calculation will be 5.17% if the assumed investment rate is 3.5% and 6.67% if the assumed investment rate is 5%. The surrender charge equals the present value of the remaining payouts using the assumed investment rate minus the present value of the remaining payouts using the discount rate. (See "Charges -- Surrender Charge" and "The Annuity Payout Period -- Annuity Payout Plans.") 8 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS THE NEXT TABLES DESCRIBE THE FEES AND EXPENSES THAT YOU WILL PAY PERIODICALLY DURING THE TIME THAT YOU OWN THE CONTRACT, NOT INCLUDING FUND FEES AND EXPENSES. ANNUAL CONTRACT ADMINISTRATIVE CHARGE MAXIMUM: $50* CURRENT: $30
(We will waive $30 of this charge when your contract value, or total purchase payments less any payments surrendered, is $50,000 or more on the current contract anniversary, except at full surrender.) * In certain states and for certain contracts we have waived our right to increase the contract administrative charge. OPTIONAL RIDER FEES (As a percentage of contract value charged annually at the contract anniversary. The fee applies only if you elect the optional rider.) ROPP RIDER FEE MAXIMUM: 0.30% CURRENT: 0.20% MAV RIDER FEE MAXIMUM: 0.35% CURRENT: 0.25% 5-YEAR MAV RIDER FEE MAXIMUM: 0.20% CURRENT: 0.10% EEB RIDER FEE MAXIMUM: 0.40% CURRENT: 0.30% EEP RIDER FEE MAXIMUM: 0.50% CURRENT: 0.40% PN RIDER FEE* MAXIMUM: 0.00% CURRENT: 0.00% ACCUMULATION BENEFIT RIDER FEE MAXIMUM: 2.50% CURRENT: 0.60% WITHDRAWAL BENEFIT RIDER FEE MAXIMUM: 2.50% CURRENT: 0.60%
* Effective May 10, 2010, the PN rider is not required to select funds of funds in the PN program and this fee does not apply. Prior to May 10, 2010, the PN rider fee was 0.10% and the maximum fee was 0.20%. ANNUAL VARIABLE ACCOUNT EXPENSES (Total annual variable account expenses as a percentage of average daily subaccount value)
MORTALITY AND EXPENSE RISK FEE: RAVA ADVANTAGE PLUS RAVA SELECT PLUS FOR NONQUALIFIED ANNUITIES 0.95% 1.20% FOR QUALIFIED ANNUITIES 0.75% 1.00% FOR BAND 3 ANNUITIES 0.55% 0.75%
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 9 ANNUAL OPERATING EXPENSES OF THE FUNDS THE NEXT TWO TABLES DESCRIBE THE OPERATING EXPENSES OF THE FUNDS THAT YOU MAY PAY PERIODICALLY DURING THE TIME THAT YOU OWN THE CONTRACT. THESE OPERATING EXPENSES ARE FOR THE FISCAL YEAR ENDED DEC. 31, 2010, UNLESS OTHERWISE NOTED. THE FIRST TABLE SHOWS THE MINIMUM AND MAXIMUM TOTAL OPERATING EXPENSES CHARGED BY THE FUNDS. THE SECOND TABLE SHOWS THE FEES AND EXPENSES CHARGED BY EACH FUND. MORE DETAIL CONCERNING EACH FUND'S FEES AND EXPENSES IS CONTAINED IN THE PROSPECTUS FOR EACH FUND. MINIMUM AND MAXIMUM TOTAL ANNUAL OPERATING EXPENSES FOR THE FUNDS(a) (Including management fee, distribution and/or service (12b-1) fees and other expenses)
MINIMUM MAXIMUM Total expenses before fee waivers and/or expense reimbursements 0.47% 1.67%
(a) Each fund deducts management fees and other expenses from fund assets. Fund assets include amounts you allocate to a particular fund. Funds may also charge 12b-1 fees that are used to finance any activity that is primarily intended to result in the sale of fund shares. Because 12b-1 fees are paid out of fund assets on an on-going basis, you may pay more if you select subaccounts investing in funds that have adopted 12b-1 plans than if you select subaccounts investing in funds that have not adopted 12b-1 plans. The fund or the fund's affiliates may pay us or our affiliates for promoting and supporting the offer, sale and servicing of fund shares. In addition, the fund's distributor and/or investment adviser, transfer agent or their affiliates may pay us or our affiliates for various services we or our affiliates provide. The amount of these payments will vary by fund and may be significant. See "The Variable Account and the Funds" for additional information, including potential conflicts of interest these payments may create. For a more complete description of each fund's fees and expenses and important disclosure regarding payments the fund and/or its affiliates make, please review the fund's prospectus and SAI. TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND UNDERLYING RAVA ADVANTAGE PLUS AND RAVA SELECT PLUS* (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12b-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES AllianceBernstein VPS Global Thematic Growth Portfolio 0.75% 0.25% 0.24% --% 1.24% (Class B) AllianceBernstein VPS Growth and Income Portfolio (Class B) 0.55 0.25 0.08 -- 0.88 AllianceBernstein VPS International Value Portfolio (Class 0.75 0.25 0.10 -- 1.10 B) American Century VP International, Class II 1.26 0.25 0.01 0.01 1.53 American Century VP Mid Cap Value, Class II 0.90 0.25 0.01 -- 1.16 American Century VP Ultra(R), Class II 0.90 0.25 0.01 -- 1.16 American Century VP Value, Class II 0.87 0.25 -- -- 1.12 Calvert Variable Series, Inc. VP SRI Balanced Portfolio 0.70 -- 0.21 -- 0.91 Columbia Variable Portfolio - Balanced Fund (Class 3) 0.64 0.13 0.17 -- 0.94(1),(2) Columbia Variable Portfolio - Cash Management Fund (Class 0.33 0.13 0.17 -- 0.63(2) 3) Columbia Variable Portfolio - Diversified Bond Fund (Class 0.41 0.13 0.16 -- 0.70(1) 3) Columbia Variable Portfolio - Diversified Equity Income 0.56 0.13 0.14 -- 0.83(1) Fund (Class 3) Columbia Variable Portfolio - Dynamic Equity Fund (Class 3) 0.66 0.13 0.17 0.01 0.97(1),(2) Columbia Variable Portfolio - Emerging Markets Opportunity 1.07 0.13 0.28 -- 1.48(1) Fund (Class 3) Columbia Variable Portfolio - Global Bond Fund (Class 3) 0.55 0.13 0.18 -- 0.86(1) Columbia Variable Portfolio - Global Inflation Protected 0.42 0.13 0.15 -- 0.70 Securities Fund (Class 3) Columbia Variable Portfolio - High Income Fund, Class 2 0.63 0.25 0.18 -- 1.06(3) Columbia Variable Portfolio - High Yield Bond Fund (Class 0.58 0.13 0.17 -- 0.88(1) 3) Columbia Variable Portfolio - Income Opportunities Fund 0.57 0.13 0.15 -- 0.85(1),(2) (Class 3) Columbia Variable Portfolio - International Opportunity 0.79 0.13 0.20 -- 1.12(1) Fund (Class 3) Columbia Variable Portfolio - Large Cap Growth Fund (Class 0.71 0.13 0.18 -- 1.02(1),(2) 3) Columbia Variable Portfolio - Marsico Growth Fund, Class 1 0.91 -- 0.10 -- 1.01(4) Columbia Variable Portfolio - Marsico International 1.02 0.25 0.24 -- 1.51(4) Opportunities Fund, Class 2 Columbia Variable Portfolio - Mid Cap Growth Opportunity 0.76 0.13 0.16 -- 1.05(1) Fund (Class 3) Columbia Variable Portfolio - Mid Cap Value Opportunity 0.76 0.13 0.15 -- 1.04(1),(2) Fund (Class 3) Columbia Variable Portfolio - S&P 500 Index Fund (Class 3) 0.10 0.13 0.24 -- 0.47(1) Columbia Variable Portfolio - Select Large-Cap Value Fund 0.71 0.13 0.33 -- 1.17(1),(2) (Class 3) Columbia Variable Portfolio - Select Smaller-Cap Value Fund 0.79 0.13 0.21 -- 1.13(1),(2) (Class 3) Columbia Variable Portfolio - Short Duration U.S. 0.36 0.13 0.16 -- 0.65(1) Government Fund (Class 3)
10 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND UNDERLYING RAVA ADVANTAGE PLUS AND RAVA SELECT PLUS* (CONTINUED) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12b-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES Credit Suisse Trust - Commodity Return Strategy Portfolio 0.50% 0.25% 0.34% --% 1.09%(5) Eaton Vance VT Floating-Rate Income Fund 0.57 0.50 0.08 -- 1.15 Fidelity(R) VIP Contrafund(R) Portfolio Service Class 2 0.56 0.25 0.09 -- 0.90 Fidelity(R) VIP Growth & Income Portfolio Service Class 2 0.46 0.25 0.13 -- 0.84 Fidelity(R) VIP Mid Cap Portfolio Service Class 2 0.56 0.25 0.10 -- 0.91 Fidelity(R) VIP Overseas Portfolio Service Class 2 0.71 0.25 0.15 -- 1.11 FTVIPT Franklin Global Real Estate Securities Fund - Class 0.80 0.25 0.31 -- 1.36(6) 2 FTVIPT Franklin Small Cap Value Securities Fund - Class 2 0.51 0.25 0.17 0.01 0.94(7) FTVIPT Mutual Shares Securities Fund - Class 2 0.60 0.25 0.14 -- 0.99 Goldman Sachs VIT Mid Cap Value Fund - Institutional Shares 0.80 -- 0.07 -- 0.87 Goldman Sachs VIT Structured U.S. Equity 0.62 -- 0.08 -- 0.70(8) Fund - Institutional Shares Invesco V.I. Capital Appreciation Fund, Series II Shares 0.62 0.25 0.29 -- 1.16 Invesco V.I. Capital Development Fund, Series II Shares 0.75 0.25 0.34 -- 1.34 Invesco V.I. Dividend Growth Fund, Series I Shares 0.50 -- 0.32 -- 0.82(9) Invesco V.I. Global Health Care Fund, Series II Shares 0.75 0.25 0.37 -- 1.37 Invesco V.I. International Growth Fund, Series II Shares 0.71 0.25 0.33 -- 1.29 Invesco V.I. Technology Fund, Series I Shares 0.75 -- 0.39 -- 1.14 Invesco Van Kampen V.I. Comstock Fund, Series II Shares 0.56 0.25 0.29 -- 1.10(10) Janus Aspen Series Janus Portfolio: Service Shares 0.64 0.25 0.03 -- 0.92 Legg Mason ClearBridge Variable Small Cap Growth Portfolio, 0.75 -- 0.14 -- 0.89 Class I MFS(R) Investors Growth Stock Series - Service Class 0.75 0.25 0.12 -- 1.12 MFS(R) New Discovery Series - Service Class 0.90 0.25 0.11 -- 1.26 MFS(R) Utilities Series - Service Class 0.73 0.25 0.08 -- 1.06 Morgan Stanley UIF Global Real Estate Portfolio, Class II 0.85 0.35 0.43 -- 1.63(11) Shares Morgan Stanley UIF Mid Cap Growth Portfolio, Class II 0.75 0.35 0.31 -- 1.41(11) Shares Neuberger Berman Advisers Management Trust International 1.15 0.25 0.25 0.02 1.67(12) Portfolio (Class S) Oppenheimer Global Securities Fund/VA, Service Shares 0.63 0.25 0.13 -- 1.01 Oppenheimer Global Strategic Income Fund/VA, Service Shares 0.60 0.25 0.14 0.04 1.03(13) Oppenheimer Main Street Small- & Mid-Cap Fund(R)/VA, 0.70 0.25 0.15 -- 1.10(14) Service Shares PIMCO VIT All Asset Portfolio, Advisor Share Class 0.43 0.25 -- 0.66 1.34(15) Putnam VT Global Health Care Fund - Class IB Shares 0.63 0.25 0.19 -- 1.07 Putnam VT International Equity Fund - Class IB Shares 0.70 0.25 0.19 -- 1.14 Putnam VT Multi-Cap Growth Fund - Class IB Shares 0.56 0.25 0.19 -- 1.00 Variable Portfolio - Aggressive Portfolio (Class 2) -- 0.25 0.02 0.82 1.09 Variable Portfolio - Aggressive Portfolio (Class 4) -- 0.25 0.02 0.82 1.09(16) Variable Portfolio - Conservative Portfolio (Class 2) -- 0.25 0.03 0.64 0.92 Variable Portfolio - Conservative Portfolio (Class 4) -- 0.25 0.03 0.64 0.92(16) Variable Portfolio - Davis New York Venture Fund (Class 3) 0.70 0.13 0.13 -- 0.96(1),(17) Variable Portfolio - Goldman Sachs Mid Cap Value Fund 0.78 0.13 0.14 -- 1.05(1) (Class 3) Variable Portfolio - Moderate Portfolio (Class 2) -- 0.25 0.02 0.75 1.02 Variable Portfolio - Moderate Portfolio (Class 4) -- 0.25 0.02 0.75 1.02(16) Variable Portfolio - Moderately Aggressive Portfolio (Class -- 0.25 0.02 0.79 1.06 2) Variable Portfolio - Moderately Aggressive Portfolio (Class -- 0.25 0.02 0.79 1.06(16) 4) Variable Portfolio - Moderately Conservative Portfolio -- 0.25 0.02 0.69 0.96 (Class 2) Variable Portfolio - Moderately Conservative Portfolio -- 0.25 0.02 0.69 0.96(16) (Class 4)
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 11 TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND UNDERLYING RAVA ADVANTAGE PLUS AND RAVA SELECT PLUS* (CONTINUED) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12b-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES Variable Portfolio - Partners Small Cap Value Fund (Class 0.92% 0.13% 0.17% 0.04% 1.26%(1),(17) 3) Wanger International 0.86 -- 0.21 -- 1.07(18) Wanger USA 0.86 -- 0.12 -- 0.98(18) Wells Fargo Advantage VT International Equity Fund - Class 0.75 0.25 0.26 0.01 1.27(19) 2 Wells Fargo Advantage VT Opportunity Fund - Class 2 0.65 0.25 0.21 0.01 1.12(20) Wells Fargo Advantage VT Small Cap Growth Fund - Class 2 0.75 0.25 0.20 -- 1.20(19)
* The Funds provided the information on their expenses and we have not independently verified the information. ** The previous fund names can be found in "The Variable Account and the Funds" section of the prospectus. ***Includes fees and expenses incurred indirectly by the Fund as a result of its investment in other investment companies (also referred to as acquired funds). (1) Expense ratios have been adjusted to reflect current fees. (2) Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses (other than acquired fund fees and expenses, if any) until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net fund expenses (excluding acquired fund fees and expenses, if any), will not exceed 0.82% for Columbia Variable Portfolio - Balanced Fund (Class 3), 0.58% for Columbia Variable Portfolio - Cash Management Fund (Class 3), 0.86% for Columbia Variable Portfolio - Dynamic Equity Fund (Class 3), 0.83% for Columbia Variable Portfolio - Income Opportunities Fund (Class 3), 0.89% for Columbia Variable Portfolio - Large Cap Growth Fund (Class 3), 1.02% for Columbia Variable Portfolio - Mid Cap Value Opportunity Fund (Class 3), 0.95% for Columbia Variable Portfolio - Select Large-Cap Value Fund (Class 3) and 1.08% for Columbia Variable Portfolio - Select Smaller-Cap Value Fund (Class 3). (3) Management fees have been restated to reflect contractual changes to the investment advisory and/or administrative fee rates. Other expenses have been restated to reflect contractual changes to the transfer agency fees paid. The Adviser has voluntarily agreed to reimburse a portion of the Fund's expenses so that the Fund's ordinary operating expenses (excluding brokerage commissions, interest, taxes and extraordinary expenses, but including custodian charges relating to overdrafts, if any), after giving effect to any balance credits from the Fund's custodian, do not exceed 0.85% of the Fund's average daily net assets on an annualized basis. The Adviser, in its discretion, may revise or discontinue this arrangement at any time. (4) Other expenses have been restated to reflect contractual changes to the transfer agency fees paid. The Adviser has contractually agreed to bear, through April 30, 2012, a portion of the Fund's expenses so that the Fund's ordinary operating expenses (excluding brokerage commissions, interest, taxes, acquired fund fees and expenses, and extraordinary expenses, but including custodian charges relating to overdrafts, if any), after giving effect to any balance credits from the Fund's custodian, do not exceed the annual rate of 0.91% for Columbia Variable Portfolio - Marsico Growth Fund, Class 1 and 1.45% for Columbia Variable Portfolio - Marsico International Opportunities Fund, Class 2 of the Fund's average daily net assets. This expense arrangement may only be modified or amended with approval from all parties to such arrangement, including the Fund and the Adviser. (5) Effective January 1, 2011, Credit Suisse will voluntarily waive fees and reimburse expenses so that the Portfolio's annual expenses will not exceed 1.05% of the Portfolio's average daily net assets. (6) The investment manager and administrator have contractually agreed to waive or limit their respective fees so that the increase in investment management and fund administration fees paid by the Fund is phased in over a five year period, starting on May 1, 2007, with there being no increase in the rate of such fees for the first year ended April 30, 2008. For each of four years thereafter through April 30, 2012, the investment manager and administrator will receive one-fifth of the increase in the rate of fees. After fee reductions, net expenses would be 1.25%. (7) The manager and administrator have agreed in advance to reduce their fees as a result of the Fund's investment in a Franklin Templeton money market fund. This reduction will continue until at least April 30, 2012. After fee reductions, net expenses would be 0.93%. (8) The Investment Adviser has voluntarily agreed to reduce or limit other expenses (excluding management fees, distribution and service fees, transfer agent fees and expenses, taxes, interest, brokerage fees and litigation, indemnification, shareholder meetings and other extraordinary expenses, exclusive of any custody and transfer agent fee credit reductions) equal on an annualized basis to 0.004% of the Fund's average daily net assets. The expense reductions may be modified or terminated at any time at the option of the Investment Adviser without shareholder approval. (9) Total annual fund operating expenses have been restated and reflect the reorganization of one or more affiliated investment companies into the Fund. In addition, the Adviser has contractually agreed, through at least June 30, 2012, to waive advisory fees and/or reimburse expenses of Series I shares to the extent necessary to limit total annual fund operating expenses after fee waivers and/or expense reimbursements (excluding interest, taxes, dividend expense on short sales, extraordinary or non- routine items and expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement) of Series I shares to 0.67% of average daily net assets. (10) Total annual fund operating expenses have been restated and reflect the reorganization of one or more affiliated investment companies into the Fund. In addition, the Adviser has contractually agreed, through at least June 30, 2012, to waive advisory fees and/or reimburse expenses of Series II shares to the extent necessary to limit total annual fund operating expenses after fee waivers and/or expense reimbursements (excluding interest, taxes, dividend expense on short sales, extraordinary or non- routine items and expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement) of Series II shares to 0.87% of average daily net assets. (11) The Portfolios' adviser, Morgan Stanley Investment Management Inc. (the "Adviser"), has agreed to reduce its advisory fee and/or reimburse each Portfolio so that total annual portfolio operating expenses, excluding certain investment related expenses (such as foreign country tax expense and interest expense on amounts borrowed) (but including any 12b-1 fee), will not exceed 1.40% for Morgan Stanley UIF Global Real Estate Portfolio, Class II Shares and 1.15% for Morgan Stanley UIF Mid Cap Growth Portfolio, Class II Shares. The fee waivers and/or expense reimbursements are expected to continue until such time as the Fund's Board of Directors acts to discontinue all or a portion of such waivers and/or reimbursements when it deems that such action is appropriate. (12) Neuberger Berman Management LLC ("NBM") has undertaken through Dec. 31, 2014, to waive fees and/or reimburse certain operating expenses, including the compensation of NBM and excluding taxes, interest, extraordinary expenses, brokerage commissions and transaction costs, that exceed, in the aggregate, 2.00% of the average daily net asset value. NBM has also voluntarily committed to reimburse certain expenses for an additional 0.50% per annum of the Portfolio's average daily net assets to maintain the Portfolio's operating expenses at 1.50%. The expense limitation arrangement for the Portfolio is contractual and any excess expenses can be repaid to NBM within three years of the year incurred, provided such recoupment would not cause the Portfolio to exceed its respective limitation. After fee waiver and expense reimbursements, net expenses would be 1.52%. 12 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS (13) The Manager has agreed to waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund's investments in Oppenheimer Institutional Money Market Fund, Oppenheimer Master Loan Fund, LLC and Oppenheimer Master Event-Linked Bond Fund, LLC. This fee waiver and/or reimbursement may not be amended or withdrawn until one year after the date of the Fund's prospectus. The Manager has also contractually agreed to waive the management fee it receives from the Fund in an amount equal to the management fee it receives from the Subsidiary. This undertaking will continue in effect for so long as the Fund invests in the Subsidiary, and may not be terminated by the Manager unless termination is approved by the Fund's Board of Trustees. (14) The Manager has voluntarily agreed to limit the Fund's total annual operating expenses so that those expenses, as percentages of daily net assets, will not exceed the annual rate of 1.05%. This voluntary expense limitation may not be amended or withdrawn until one year after the date of the Funds' prospectus. (15) PIMCO has contractually agreed, through May 1, 2012, to reduce its advisory fee to the extent that the Underlying PIMCO Fund Expenses attributable to advisory and supervisory and administrative fees exceed 0.64% of the total assets invested in Underlying PIMCO Funds. PIMCO may recoup these waivers in future periods, not exceeding three years, provided total expenses, including such recoupment, do not exceed the annual expense limit. The fee reduction is implemented based on a calculation of Underlying PIMCO fund expenses attributable to advisory and supervisory and administrative fees that is different from the calculation of acquired fund fees and expenses listed in the table above. After fee waivers, net expenses would be 1.305%. (16) Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses for Class 4 shares of the Fund until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net Fund expenses (including acquired fund fees and expenses) will not exceed 0.99% for Variable Portfolio - Aggressive Portfolio (Class 4), 0.86% for Variable Portfolio - Conservative Portfolio (Class 4), 0.94% for Variable Portfolio - Moderate Portfolio (Class 4), 0.98% Variable Portfolio - Moderately Aggressive Portfolio (Class 4) and 0.90% for Variable Portfolio - Moderately Conservative Portfolio (Class 4). (17) Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses (other than acquired fund fees and expenses, if any) until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net fund expenses (excluding acquired fund fees and expenses, if any), will not exceed 0.90% for Variable Portfolio - Davis New York Venture Fund (Class 3) and 1.14% for Variable Portfolio - Partners Small Cap Value Fund (Class 3). (18) The advisor has contractually agreed to cap advisory fees at an annual rate equal to 0.83% for Wanger International and 0.85% for Wanger USA of the Fund's average daily net assets until April 30, 2012. After fee waivers and/or reimbursements, net expenses would be 1.04% for Wanger International and 0.97% for Wanger USA. (19) Expenses have been adjusted from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses. Funds Management has committed through July 18, 2013 to waive fees and/or reimburse expenses to the extent necessary to ensure that the Fund's total annual fund operating expenses after fee waiver, excluding brokerage commissions, interest, taxes, extraordinary expenses, and the expenses of any money market fund or other fund held by the Fund, do not exceed 0.95% for Wells Fargo Advantage VT International Equity Fund - Class 2 and 1.20% for Wells Fargo Advantage VT Small Cap Growth Fund - Class 2. (20) Expenses have been adjusted from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses. Funds Management has committed through April 30, 2012 to waive fees and/or reimburse expenses to the extent necessary to ensure that the Fund's total annual fund operating expenses after fee waiver, excluding brokerage commissions, interest, taxes, extraordinary expenses, and the expenses of any money market fund or other fund held by the Fund, do not exceed 1.07%. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 13 EXAMPLES THESE EXAMPLES ARE INTENDED TO HELP YOU COMPARE THE COST OF INVESTING IN THESE CONTRACTS WITH THE COST OF INVESTING IN OTHER VARIABLE ANNUITY CONTRACTS. THESE COSTS INCLUDE YOUR TRANSACTION EXPENSES, CONTRACT ADMINISTRATIVE CHARGES, VARIABLE ACCOUNT ANNUAL EXPENSES AND FUND FEES AND EXPENSES. THESE EXAMPLES ASSUME THAT YOU INVEST $10,000 IN THE CONTRACT FOR THE TIME PERIODS INDICATED. THESE EXAMPLES ALSO ASSUME THAT YOUR INVESTMENT HAS A 5% RETURN EACH YEAR. MAXIMUM EXPENSES. These examples assume the most expensive combination of contract features and benefits and the maximum fees and expenses of any of the funds. They assume that you select the optional MAV, EEP and Withdrawal Benefit or Accumulation Benefit(1),(2). Although your actual costs may be lower, based on these assumptions your costs would be:
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN NONQUALIFIED AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA ADVANTAGE PLUS With a ten-year surrender charge schedule(3) $1,371 $2,651 $3,822 $6,441 $651 $1,929 $3,187 $6,258 RAVA ADVANTAGE PLUS With a seven-year surrender charge schedule 1,281 2,561 3,640 6,258 651 1,929 3,187 6,258 RAVA SELECT PLUS 1,306 2,632 3,302 6,460 676 2,000 3,302 6,460 RAVA SELECT PLUS - TEXAS 1,396 2,542 3,302 6,460 676 2,000 3,302 6,460
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: QUALIFIED ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA ADVANTAGE PLUS With a ten-year surrender charge schedule(3) $1,351 $2,594 $3,728 $6,275 $631 $1,871 $3,095 $6,093 RAVA ADVANTAGE PLUS With a seven-year surrender charge schedule 1,261 2,503 3,547 6,093 631 1,871 3,095 6,093 RAVA SELECT PLUS 1,286 2,575 3,210 6,299 656 1,943 3,210 6,299 RAVA SELECT PLUS - TEXAS 1,376 2,485 3,210 6,299 656 1,943 3,210 6,299
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: BAND 3 ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA ADVANTAGE PLUS - BAND 3 With a ten-year surrender charge schedule(3) $1,331 $2,537 $3,636 $6,107 $611 $1,815 $3,003 $5,925 RAVA ADVANTAGE PLUS - BAND 3 With a seven-year surrender charge schedule 1,241 2,447 3,455 5,925 611 1,815 3,003 5,925 RAVA SELECT PLUS - BAND 3 1,261 2,503 3,095 6,093 631 1,871 3,095 6,093 RAVA SELECT PLUS - TEXAS - B- AND 3 1,351 2,413 3,095 6,093 631 1,871 3,095 6,093
MINIMUM EXPENSES. These examples assume the least expensive combination of contract features and benefits and the minimum fees and expenses of any of the funds.(4) They assume that you do not select any optional benefits. Although your actual costs may be higher, based on these assumptions your costs would be:
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN NONQUALIFIED AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA ADVANTAGE PLUS With a ten-year surrender charge schedule(3) $922 $1,336 $1,627 $2,189 $176 $541 $ 927 $1,989 RAVA ADVANTAGE PLUS With a seven-year surrender charge schedule 828 1,237 1,427 1,989 176 541 927 1,989 RAVA SELECT PLUS 852 1,310 1,059 2,263 201 619 1,059 2,263 RAVA SELECT PLUS - TEXAS 945 1,211 1,059 2,263 201 619 1,059 2,263
14 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: QUALIFIED ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA ADVANTAGE PLUS With a ten-year surrender charge schedule(3) $903 $1,278 $1,520 $1,965 $155 $478 $820 $1,765 RAVA ADVANTAGE PLUS With a seven-year surrender charge schedule 809 1,178 1,320 1,765 155 478 820 1,765 RAVA SELECT PLUS 833 1,252 953 2,045 181 557 953 2,045 RAVA SELECT PLUS - TEXAS 926 1,152 953 2,045 181 557 953 2,045
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: BAND 3 ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA ADVANTAGE PLUS - BAND 3 With a ten-year surrender charge schedule(3) $884 $1,215 $1,412 $1,737 $135 $415 $712 $1,537 RAVA ADVANTAGE PLUS - BAND 3 With a seven-year surrender charge schedule 790 1,115 1,212 1,537 135 415 712 1,537 RAVA SELECT PLUS - BAND 3 809 1,178 820 1,765 155 478 820 1,765 RAVA SELECT PLUS - TEXAS - B- AND 3 903 1,078 820 1,765 155 478 820 1,765
(1) In these examples, the contract administrative charge is $50. (2) Because these examples are intended to illustrate the most expensive combination of contract features, the maximum annual fee for each optional rider is reflected rather than the fee that is currently being charged. (3) In Connecticut and Utah, your expenses would be slightly lower due to the modified ten-year surrender charge schedule. (4) In these examples, the contract administrative charge is $30. THE EXAMPLES ARE ILLUSTRATIVE ONLY. YOU SHOULD NOT CONSIDER THESE EXAMPLES AS A REPRESENTATION OF PAST OR FUTURE EXPENSES. ACTUAL EXPENSES WILL BE HIGHER OR LOWER THAN THOSE SHOWN DEPENDING UPON WHICH OPTIONAL BENEFIT YOU ELECT OTHER THAN INDICATED IN THE EXAMPLES OR IF YOU ALLOCATE CONTRACT VALUE TO ANY OTHER AVAILABLE SUBACCOUNTS. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 15 CONDENSED FINANCIAL INFORMATION You can find unaudited condensed financial information for the subaccounts in Appendix D. FINANCIAL STATEMENTS You can find our audited financial statements and the audited financial statements of the divisions, which are comprised of subaccounts, in the SAI. The SAI does not include audited financial statements for divisions that are new and have no activity as of the financial statement date. THE VARIABLE ACCOUNT AND THE FUNDS THE VARIABLE ACCOUNT: The variable account was established under Minnesota law on Aug. 23, 1995, and the subaccounts are registered together as a single unit investment trust under the Investment Company Act of 1940 (the 1940 Act). This registration does not involve any supervision of our management or investment practices and policies by the SEC. All obligations arising under the contracts are general obligations of RiverSource Life. The variable account meets the definition of a separate account under federal securities laws. We credit or charge income, capital gains and capital losses of each subaccount only to that subaccount. State insurance law prohibits us from charging a subaccount with liabilities of any other subaccount or of our general business. The variable account includes other subaccounts that are available under contracts that are not described in this prospectus. Although the Internal Revenue Service (IRS) has issued some guidance on investor control, the U.S. Treasury and the IRS may continue to examine this aspect of variable contracts and provide additional guidance on investor control. At this time, we do not know what the additional guidance will be or when action will be taken. We reserve the right to modify the contract, as necessary, so that the owner will not be subject to current taxation as the owner of the subaccount assets. We intend to comply with all federal tax laws so that the contract continues to qualify as an annuity for federal income tax purposes. We reserve the right to modify the contract as necessary to comply with any new tax laws. THE FUNDS: The contracts currently offer subaccounts investing in shares of the funds listed in the table below. - INVESTMENT OBJECTIVES: The investment managers and advisers cannot guarantee that the funds will meet their investment objectives. Please read the funds' prospectuses for facts you should know before investing. These prospectuses are available by contacting us at the address or telephone number on the first page of this prospectus. - FUND NAME AND MANAGEMENT: 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. - ELIGIBLE PURCHASERS: All funds are available to serve as the underlying investments for variable annuities and variable life insurance policies. The funds are not available to the public (see "Fund name and management" above). Some funds also are available to serve as investment options for tax-deferred retirement plans. It is possible that in the future for tax, regulatory or other reasons, it may be disadvantageous for variable annuity accounts and variable life insurance accounts and/or tax-deferred retirement plans to invest in the available funds simultaneously. Although we and the funds do not currently foresee any such disadvantages, the boards of directors or trustees of each fund will monitor events in order to identify any material conflicts between annuity owners, policy owners and tax-deferred retirement plans and to determine what action, if any, should be taken in response to a conflict. If a board were to conclude that it should establish separate funds for the variable annuity, variable life insurance and tax-deferred retirement plan accounts, you would not bear any expenses associated with establishing separate funds. Please refer to the funds' prospectuses for risk disclosure regarding simultaneous investments by variable annuity, variable life insurance and tax-deferred retirement plan accounts. Each fund intends to comply with the diversification requirements under Section 817(h) of the Code. - ASSET ALLOCATION PROGRAMS MAY IMPACT FUND PERFORMANCE: Asset allocation programs in general may negatively impact the performance of an underlying fund. Even if you do not participate in an asset allocation program, a fund in which your subaccount invests may be impacted if it is included in an asset allocation program. Rebalancing or reallocation under the terms of the asset allocation program may cause a fund to lose money if it must sell large amounts of securities to meet a redemption request. These losses can be greater if the fund holds securities that are not as liquid as others; for example, various types of bonds, shares of smaller companies and securities of foreign issuers. A fund may also experience higher expenses because it must sell or buy securities more frequently than it otherwise might in the absence of asset allocation program rebalancing or reallocations. Because asset allocation programs include periodic rebalancing and may also include 16 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS reallocation, these effects may occur under the asset allocation program we offer (see "Making the Most of Your Contract -- Portfolio Navigator Program") or under asset allocation programs used in conjunction with the contracts and plans of other eligible purchasers of the funds. - FUNDS AVAILABLE UNDER THE CONTRACT: We seek to provide a broad array of underlying funds taking into account the fees and charges imposed by each fund and the contract charges we impose. We select the underlying funds in which the subaccounts initially invest and when there is substitution (see "Substitution of Investments"). We also make all decisions regarding which funds to retain in a contract, which funds to add to a contract and which funds will no longer be offered in a contract. In making these decisions, we may consider various objective and subjective factors. Objective factors include, but are not limited to fund performance, fund expenses, classes of fund shares available, size of the fund and investment objectives and investing style of the fund. Subjective factors include, but are not limited to, investment sub-styles and process, management skill and history at other funds and portfolio concentration and sector weightings. We also consider the levels and types of revenue including but not limited to expense payments and non-cash compensation a fund, its distributor, investment adviser, subadviser, transfer agent or their affiliates pay us and our affiliates. This revenue includes, but is not limited to compensation for administrative services provided with respect to the fund and support of marketing and distribution expenses incurred with respect to the fund. - REVENUE WE RECEIVE FROM THE FUNDS MAY CREATE POTENTIAL CONFLICTS OF INTEREST: We or our affiliates receive from each of the funds, or the funds' affiliates, varying levels and types of revenue including expense payments and non-cash compensation. The amount of this revenue and how it is computed varies by fund, may be significant and may create potential conflicts of interest. The greatest amount and percentage of revenue we and our affiliates receive comes from assets allocated to subaccounts investing in the funds that are managed by our affiliates Columbia Management Investment Advisers, LLC (Columbia Management Investment Advisers) or Columbia Wanger Asset Management, LLC (Columbia Wanger Asset Management) (affiliated funds). Employee compensation and operating goals at all levels are tied to the success of Ameriprise Financial, Inc. and its affiliates, including us. Certain employees may receive higher compensation and other benefits based, in part, on contract values that are invested in the affiliated funds. We or our affiliates receive revenue which ranges up to 0.64% of the average daily net assets invested in the underlying funds through this and other contracts we and our affiliate issue. We or our affiliates may also receive revenue which ranges up to 0.04% of aggregate, net or anticipated sales of underlying funds through this and other contracts we and our affiliate issue. Please see the SAI for a table that ranks the underlying funds according to total dollar amounts they and their affiliates paid us or our affiliates in the prior calendar year. Expense payments, non-cash compensation and other forms of revenue may influence recommendations your investment professional makes regarding whether you should invest in the contract, and whether you should allocate purchase payments or contract value to a subaccount that invests in a particular fund (see "About the Service Providers"). The revenue we or our affiliates receive from a fund or its affiliates is in addition to revenue we receive from the charges you pay when buying, owning and surrendering the contract (see "Expense Summary"). However, the revenue we or our affiliates receive from a fund or its affiliates may come, at least in part, from the fund's fees and expenses you pay indirectly when you allocate contract value to the subaccount that invests in that fund. - WHY REVENUES ARE PAID TO US: In accordance with applicable laws, regulations and the terms of the agreements under which such revenue is paid, we or our affiliates may receive these revenues including but not limited to expense payments and non-cash compensation for various purposes: - Compensating, training and educating financial advisors who sell the contracts. - Granting access to our employees whose job it is to promote sales of the contracts by authorized selling firms and their financial advisors, and granting access to financial advisors of our affiliated selling firms. - Activities or services we or our affiliates provide that assist in the promotion and distribution of the contracts including promoting the funds available under the contracts to prospective and existing contract owners, authorized selling firms and financial advisors. - Providing sub-transfer agency and shareholder servicing to contract owners. - Promoting, including and/or retaining the fund's investment portfolios as underlying investment options in the contracts. - Advertising, printing and mailing sales literature, and printing and distributing prospectuses and reports. - Furnishing personal services to contract owners, including education of contract owners, answering routine inquiries regarding a fund, maintaining accounts or providing such other services eligible for service fees as defined under the rules of the Financial Industry Regulatory Authority (FINRA). - Subaccounting, transaction processing, recordkeeping and administration. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 17 - SOURCES OF REVENUE RECEIVED FROM AFFILIATED FUNDS: The affiliated funds are managed by Columbia Management Investment Advisers or Columbia Wanger Asset Management. The sources of revenue we receive from these affiliated funds, or from affiliates of these funds, may include, but are not necessarily limited to, the following: - Assets of the fund's adviser and transfer agent or an affiliate. The revenue resulting from these sources may be based either on a percentage of average daily net assets of the fund or on the actual cost of certain services we provide with respect to the fund. We may receive this revenue either in the form of a cash payment or it may be allocated to us. - Compensation paid out of 12b-1 fees that are deducted from fund assets and disclosed in the "12b-1 fees" column of the "Annual Operating Expenses of the Funds" table. - SOURCES OF REVENUE RECEIVED FROM UNAFFILIATED FUNDS: The unaffiliated funds are not managed by an affiliate of ours. The sources of revenue we receive from these unaffiliated funds, or the funds' affiliates, may include, but are not necessarily limited to, the following: - Assets of the fund's adviser, subadviser, transfer agent or an affiliate of these and assets of the fund's distributor or an affiliate. The revenue resulting from these sources usually is based on a percentage of average daily net assets of the fund but there may be other types of payment arrangements. - Compensation paid out of 12b-1 fees that are deducted from fund assets and disclosed in the "12b-1 fees" column of the "Annual Operating Expenses of the Funds" table. 18 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS UNLESS AN ASSET ALLOCATION PROGRAM IS IN EFFECT, YOU MAY ALLOCATE PURCHASE PAYMENTS AND TRANSFERS TO ANY OR ALL OF THE SUBACCOUNTS OF THE VARIABLE ACCOUNT THAT INVEST IN SHARES OF THE FOLLOWING FUNDS:
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- AllianceBernstein Seeks long-term growth of capital. AllianceBernstein L.P. VPS Global Thematic Growth Portfolio (Class B) ---------------------------------------------------------------------------------------- AllianceBernstein Seeks long-term growth of capital. AllianceBernstein L.P. VPS Growth and Income Portfolio (Class B) ---------------------------------------------------------------------------------------- AllianceBernstein Seeks long-term growth of capital. AllianceBernstein L.P. VPS International Value Portfolio (Class B) ---------------------------------------------------------------------------------------- American Century Seeks capital growth. American Century VP International, Investment Management, Class II Inc. ---------------------------------------------------------------------------------------- American Century Seeks long-term capital growth. Income is a American Century VP Mid Cap Value, secondary objective. Investment Management, Class II Inc. ---------------------------------------------------------------------------------------- American Century Seeks long-term capital growth. American Century VP Ultra(R), Investment Management, Class II Inc. ---------------------------------------------------------------------------------------- American Century Seeks long-term capital growth. Income is a American Century VP Value, Class secondary objective. Investment Management, II Inc. ---------------------------------------------------------------------------------------- Calvert Variable Seeks competitive total return through an Calvert Investment Series, Inc. VP actively managed portfolio of stocks, bonds Management Inc., SRI Balanced and money market instruments which offer adviser. New Amsterdam Portfolio income and capital growth opportunity and Partners, LLP, (previously which satisfy the investment criteria, subadviser on equity Calvert Variable including financial, sustainability and portion; no subadviser Series, Inc. VP social responsibility factors. on fixed-income portion. SRI Social Balanced Portfolio) ---------------------------------------------------------------------------------------- Columbia Variable Seeks maximum total investment return Columbia Management Portfolio - Bala- through a combination of capital growth and Investment Advisers, LLC nced Fund (Class current income. 3) (previously RiverSource Variable Portfolio - Bala- nced Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks maximum current income consistent Columbia Management Portfolio - Cash with liquidity and stability of principal. Investment Advisers, LLC Management Fund (Class 3) (previously RiverSource Variable Portfolio - Cash Management Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income while Columbia Management Portfolio - Dive- attempting to conserve the value of the Investment Advisers, LLC rsified Bond Fund investment for the longest period of time. (Class 3) (previously RiverSource Variable Portfolio - Dive- rsified Bond Fund (Class 3)) ----------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 19
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income and, as Columbia Management Portfolio - Dive- a secondary goal, steady growth of capital. Investment Advisers, LLC rsified Equity Income Fund (Class 3) (previously RiverSource Variable Portfolio - Dive- rsified Equity Income Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks capital appreciation. Columbia Management Portfolio - Dyna- Investment Advisers, LLC mic Equity Fund (Class 3) (previously RiverSource Variable Portfolio - Dyna- mic Equity Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Emer- Investment Advisers, ging Markets LLC, adviser; Opportunity Fund Threadneedle (Class 3) International Limited, (previously an indirect wholly-owned Threadneedle subsidiary of Ameriprise Variable Financial, sub-adviser. Portfolio - Emer- ging Markets Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Non-diversified fund that seeks high total Columbia Management Portfolio - Glob- return through income and growth of Investment Advisers, LLC al Bond Fund capital. (Class 3) (previously RiverSource Variable Portfolio - Glob- al Bond Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Non-diversified fund that seeks total Columbia Management Portfolio - Glob- return that exceeds the rate of inflation Investment Advisers, LLC al Inflation over the long term. Protected Securities Fund (Class 3) (previously RiverSource Variable Portfolio - Glob- al Inflation Protected Securities Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks total return, consisting of a high Columbia Management Portfolio - High level of income and capital appreciation. Investment Advisers, LLC Income Fund, Class 2 (previously Columbia High Yield Fund, Variable Series, Class B)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high current income, with capital Columbia Management Portfolio - High growth as a secondary objective. Investment Advisers, LLC Yield Bond Fund (Class 3) (previously RiverSource Variable Portfolio - High Yield Bond Fund (Class 3)) ----------------------------------------------------------------------------------------
20 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Columbia Variable Seeks high total return through current Columbia Management Portfolio - Inco- income and capital appreciation. Investment Advisers, LLC me Opportunities Fund (Class 3) (previously RiverSource Variable Portfolio - Inco- me Opportunities Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks capital appreciation. Columbia Management Portfolio - In- Investment Advisers, ternational LLC, adviser; Opportunity Fund Threadneedle (Class 3) International Limited, (previously an indirect wholly-owned Threadneedle subsidiary of Ameriprise Variable Financial, sub-adviser. Portfolio - In- ternational Opportunity Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Large Investment Advisers, LLC Cap Growth Fund (Class 3) (previously Seligman Variable Portfolio - Grow- th Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Mars- Investment Advisers, ico Growth Fund, LLC, adviser; Marsico Class 1 Capital Management, LLC, (previously subadviser. Columbia Marsico Growth Fund, Variable Series, Class A) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Mars- Investment Advisers, ico International LLC, adviser; Marsico Opportunities Capital Management, LLC, Fund, Class 2 subadviser. (previously Columbia Marsico International Opportunities Fund, Variable Series, Class B)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks growth of capital. Columbia Management Portfolio - Mid Investment Advisers, LLC Cap Growth Opportunity Fund (Class 3) (previously RiverSource Variable Portfolio - Mid Cap Growth Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Mid Investment Advisers, LLC Cap Value Opportunity Fund (Class 3) (previously RiverSource Variable Portfolio - Mid Cap Value Fund (Class 3)) ----------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 21
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital appreciation. Columbia Management Portfolio - S&P Investment Advisers, LLC 500 Index Fund (Class 3) (previously RiverSource Variable Portfolio - S&P 500 Index Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Sele- Investment Advisers, LLC ct Large-Cap Value Fund (Class 3) (previously Seligman Variable Portfolio - Larg- er-Cap Value Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Sele- Investment Advisers, LLC ct Smaller-Cap Value Fund (Class 3) (previously Seligman Variable Portfolio - Smal- ler-Cap Value Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income and Columbia Management Portfolio - Short safety of principal consistent with Investment Advisers, LLC Duration U.S. investment in U.S. government and Government Fund government agency securities. (Class 3) (previously RiverSource Variable Portfolio - Short Duration U.S. Government Fund (Class 3)) ---------------------------------------------------------------------------------------- Credit Suisse Seeks total return. Credit Suisse Asset Trust - Commodity Management, LLC Return Strategy Portfolio ---------------------------------------------------------------------------------------- Eaton Vance VT Seeks high level of current income. Eaton Vance Management Floating-Rate Income Fund ---------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks long-term capital appreciation. Fidelity Management & Contrafund(R) Normally invests primarily in common Research Company (FMR) Portfolio Service stocks. Invests in securities of companies is the fund's manager. Class 2 whose value it believes is not fully Fidelity Investments recognized by the public. Invests in either Money Management, Inc. "growth" stocks or "value" stocks or both. (FIMM) and other The fund invests in domestic and foreign affiliates of FMR serve issuers. as sub-advisers for the fund. ---------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks high total return through a FMR is the fund's Growth & Income combination of current income and capital manager. FIMM and other Portfolio Service appreciation. Normally invests a majority affiliates of FMR serve Class 2 of assets in common stocks with a focus on as sub-advisers for the those that pay current dividends and show fund. potential for capital appreciation. Invests in domestic and foreign issuers. The Fund invests in either "growth" stocks or "value" stocks or both. ----------------------------------------------------------------------------------------
22 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks long-term growth of capital. Normally FMR is the fund's Mid Cap Portfolio invests primarily in common stocks. manager. FIMM and other Service Class 2 Normally invests at least 80% of assets in affiliates of FMR serve securities of companies with medium market as sub-advisers for the capitalizations. May invest in companies fund. with smaller or larger market capitalizations. Invests in domestic and foreign issuers. The Fund invests in either "growth" or "value" common stocks or both. ---------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks long-term growth of capital. Normally FMR is the fund's Overseas invests primarily in common stocks manager. FIMM and other Portfolio Service allocating investments across different affiliates of FMR serve Class 2 countries and regions. Normally invests at as sub-advisers for the least 80% of assets in non-U.S. securities. fund. ---------------------------------------------------------------------------------------- FTVIPT Franklin Seeks high total return. The fund normally Franklin Templeton Global Real invests at least 80% of its net assets in Institutional, LLC Estate Securities investments of companies located anywhere Fund - Class 2 in the world that operate in the real estate sector. ---------------------------------------------------------------------------------------- FTVIPT Franklin Seeks long-term total return. The fund Franklin Advisory Small Cap Value normally invests at least 80% of its net Services, LLC Securities assets in investments of small Fund - Class 2 capitalization companies. ---------------------------------------------------------------------------------------- FTVIPT Mutual Seeks capital appreciation, with income as Franklin Mutual Shares Securities a secondary goal. The fund normally invests Advisers, LLC Fund - Class 2 primarily in U.S. and foreign equity securities that the manager believes are undervalued. ---------------------------------------------------------------------------------------- Goldman Sachs VIT Seeks long-term capital appreciation. Goldman Sachs Asset Mid Cap Value Management, L.P. Fund - Instituti- onal Shares ---------------------------------------------------------------------------------------- Goldman Sachs VIT Seeks long-term growth of capital. Goldman Sachs Asset Structured U.S. Management, L.P. Equity Fund - Instituti- onal Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. Capital Appreciation Fund, Series II Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. Capital Development Fund, Series II Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks to provide reasonable current income Invesco Advisers, Inc. Dividend Growth and long-term growth of income and capital. Fund, Series I Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. Global Health Care Fund, Series II Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. International Growth Fund, Series II Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. Technology Fund, Series I Shares ----------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 23
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Invesco Van Seeks capital growth and income through Invesco Advisers, Inc. Kampen V.I. investments in equity securities, including Comstock Fund, common stocks, preferred stocks and Series II Shares securities convertible into common and (previously Van preferred stocks. Kampen LIT Comstock Portfolio, Class II Shares) ---------------------------------------------------------------------------------------- Janus Aspen Seeks long-term growth of capital in a Janus Capital Management Series Janus manner consistent with the preservation of LLC Portfolio: capital. Service Shares ---------------------------------------------------------------------------------------- Legg Mason Seeks long-term growth of capital. Legg Mason Partners Fund ClearBridge Advisor, LLC, adviser; Variable Small ClearBridge Advisors, Cap Growth LLC, sub-adviser. Portfolio, Class I ---------------------------------------------------------------------------------------- MFS(R) Investors Seeks capital appreciation. MFS Investment Growth Stock Management(R) Series - Service Class ---------------------------------------------------------------------------------------- MFS(R) New Seeks capital appreciation. MFS Investment Discovery Management(R) Series - Service Class ---------------------------------------------------------------------------------------- MFS(R) Utilities Seeks total return. MFS Investment Series - Service Management(R) Class ---------------------------------------------------------------------------------------- Morgan Stanley Seeks current income and capital Morgan Stanley UIF Global Real appreciation. Investment Management Estate Portfolio, Inc., adviser; Morgan Class II Shares Stanley Investment (previously Van Management Limited and Kampen's UIF Morgan Stanley Global Real Investment Management Estate Portfolio, Company, subadvisers. Class II Shares) ---------------------------------------------------------------------------------------- Morgan Stanley Seeks long-term capital growth by investing Morgan Stanley UIF Mid Cap primarily in common stocks and other equity Investment Management Growth Portfolio, securities. Inc. Class II Shares (previously Van Kampen's UIF Mid Cap Growth Portfolio, Class II Shares) ---------------------------------------------------------------------------------------- Neuberger Berman Seeks long-term growth of capital by Neuberger Berman Advisers investing primarily in common stocks of Management LLC Management Trust foreign companies. International Portfolio (Class S) ---------------------------------------------------------------------------------------- Oppenheimer Seeks long-term capital appreciation. OppenheimerFunds, Inc. Global Securities Fund/VA, Service Shares ---------------------------------------------------------------------------------------- Oppenheimer Seeks high current income by investing OppenheimerFunds, Inc. Global Strategic mainly in debt securities. Income Fund/VA, Service Shares ---------------------------------------------------------------------------------------- Oppenheimer Main Seeks capital appreciation. OppenheimerFunds, Inc. Street Small- & Mid-Cap Fund(R)/VA Service Shares (previously Oppenheimer Main Street Small Cap Fund/VA, Service Shares) ---------------------------------------------------------------------------------------- PIMCO VIT All Seeks maximum real return consistent with Pacific Investment Asset Portfolio, preservation of real capital and prudent Management Company LLC Advisor Share investment management. Class ----------------------------------------------------------------------------------------
24 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Putnam VT Global Seeks capital appreciation. Putnam Investment Health Care Management, LLC, Fund - Class IB adviser; Putnam Advisory Shares Company, LLC, sub- adviser. ---------------------------------------------------------------------------------------- Putnam VT Seeks capital appreciation. Putnam Investment International Management, LLC, Equity adviser; Putnam Advisory Fund - Class IB Company, LLC, sub- Shares adviser. ---------------------------------------------------------------------------------------- Putnam VT Multi- Seeks long-term capital appreciation. Putnam Investment Cap Growth Management, LLC Fund - Class IB Shares ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Aggr- consistent with an aggressive level of Investment Advisers, LLC essive Portfolio risk. This is a "fund of funds" and seeks (Class 2) to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a small amount in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Aggr- consistent with an aggressive level of Investment Advisers, LLC essive Portfolio risk. This is a "fund of funds" and seeks (Class 4) to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a small amount in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Cons- consistent with a conservative level of Investment Advisers, LLC ervative risk. This is a "fund of funds" and seeks Portfolio (Class to achieve its objective by investing in a 2) combination of underlying funds. The fund invests primarily in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Cons- consistent with a conservative level of Investment Advisers, LLC ervative risk. This is a "fund of funds" and seeks Portfolio (Class to achieve its objective by investing in a 4) combination of underlying funds. The fund invests primarily in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Davis Investment Advisers, New York Venture LLC, adviser; Davis Fund (Class 3) Selected Advisers, L.P., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term growth of capital. Columbia Management Portfolio - Gold- Investment Advisers, man Sachs Mid Cap LLC, adviser; Goldman Value Fund (Class Sachs Asset Management, 3) L.P., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderate level of risk. Investment Advisers, LLC rate Portfolio This is a "fund of funds" and seeks to (Class 2) achieve its objective by investing in a combination of underlying funds. The fund invests primarily in a balance of underlying funds that invest in fixed income securities and underlying funds that invest in equity securities. ----------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 25
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderate level of risk. Investment Advisers, LLC rate Portfolio This is a "fund of funds" and seeks to (Class 4) achieve its objective by investing in a combination of underlying funds. The fund invests primarily in a balance of underlying funds that invest in fixed income securities and underlying funds that invest in equity securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately aggressive Investment Advisers, LLC rately Aggressive level of risk. This is a "fund of funds" Portfolio (Class and seeks to achieve its objective by 2) investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a moderate amount in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately aggressive Investment Advisers, LLC rately Aggressive level of risk. This is a "fund of funds" Portfolio (Class and seeks to achieve its objective by 4) investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a moderate amount in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately conservative Investment Advisers, LLC rately level of risk. This is a "fund of funds" Conservative and seeks to achieve its objective by Portfolio (Class investing in a combination of underlying 2) funds. The fund invests primarily in underlying funds that invest in fixed income securities and also invests a moderate amount in underlying funds that invest in equity securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately conservative Investment Advisers, LLC rately level of risk. This is a "fund of funds" Conservative and seeks to achieve its objective by Portfolio (Class investing in a combination of underlying 4) funds. The fund invests primarily in underlying funds that invest in fixed income securities and also invests a moderate amount in underlying funds that invest in equity securities. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital appreciation. Columbia Management Portfolio - Part- Investment Advisers, ners Small Cap LLC, adviser; Barrow, Value Fund (Class Hanley, Mewhinney & 3) Strauss, Inc., Denver Investment Advisors LLC, Donald Smith & Co., Inc., River Road Asset Management, LLC and Turner Investment Partners, Inc., subadvisers. ---------------------------------------------------------------------------------------- Wanger Seeks long-term capital appreciation. Columbia Wanger Asset International Management, LLC ---------------------------------------------------------------------------------------- Wanger USA Seeks long-term capital appreciation. Columbia Wanger Asset Management, LLC ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Management, LLC, International adviser; Wells Capital Equity Management Inc., sub- Fund - Class 2 adviser. ----------------------------------------------------------------------------------------
26 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Management, LLC, Opportunity adviser; Wells Capital Fund - Class 2 Management Inc., sub- (previously Wells adviser. Fargo Advantage VT Opportunity Fund) ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Management, LLC, Small Cap Growth adviser; Wells Capital Fund - Class 2 Management Inc., sub- (previously Wells adviser. Fargo Advantage VT Small Cap Growth Fund) ----------------------------------------------------------------------------------------
GUARANTEE PERIOD ACCOUNTS (GPAS) The GPAs may not be available for contracts in some states. Currently, unless the PN program is in effect, you may allocate purchase payments and purchase payment credits to one or more of the GPAs with guarantee periods declared by us. The required minimum investment in each GPA is $1,000. These accounts are not offered after annuity payouts begin. Each GPA pays an interest rate that is declared when you make an allocation to that account. That interest rate is then fixed for the guarantee period that you chose. We will periodically change the declared interest rate for any future allocations to these accounts, but we will not change the rate paid on money currently in a GPA. The GPA interests under the contracts are registered with the SEC. The SEC staff reviews the disclosures in this prospectus on the GPA interests. The interest rates that we will declare as guaranteed rates in the future are determined by us at our discretion (future rates). We will determine future rates based on various factors including, but not limited to, the interest rate environment, returns earned on investments in the nonannuitized separate account we have established for the GPAs, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition and RiverSource Life's revenues and other expenses. Interest rates offered may vary by state, but will not be lower than state law allows. WE CANNOT PREDICT NOR CAN WE GUARANTEE WHAT FUTURE RATES WILL BE. We hold amounts you allocate to the GPAs in a "nonannuitized" separate account. This separate account provides an additional measure of assurance that we will make full payment of amounts due under the GPAs. State insurance law prohibits us from charging this separate account with liabilities of any other separate account or of our general business. We own the assets of this separate account as well as any favorable investment performance of those assets. You do not participate in the performance of the assets held in this separate account. We guarantee all benefits relating to your value in the GPAs. This guarantee is based on the continued claims-paying ability of the company's general account. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. We intend to construct and manage the investment portfolio relating to the separate account in such a way as to minimize the impact of fluctuations in interest rates. We achieve this by constructing a portfolio of assets with a price sensitivity to interest rate changes (i.e., price duration) that is similar to the price duration of the corresponding portfolio of liabilities. We must invest this portfolio of assets in accordance with requirements established by applicable state laws regarding the nature and quality of investments that life insurance companies may make and the percentage of their assets that they may commit to any particular type of investment. Our investment strategy will incorporate the use of a variety of debt instruments having price durations tending to match the applicable guarantee periods. These instruments include, but are not necessarily limited to, the following: - Securities issued by the U.S. government or its agencies or instrumentalities, which issues may or may not be guaranteed by the U.S. government; - Debt securities that have an investment grade, at the time of purchase, within the four highest grades assigned by any of three nationally recognized rating agencies -- Standard & Poor's, Moody's Investors Service or Fitch -- or are rated in the two highest grades by the National Association of Insurance Commissioners; RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 27 - Debt instruments that are unrated, but which are deemed by RiverSource Life to have an investment quality within the four highest grades; - Other debt instruments which are unrated or rated below investment grade, limited to 15% of assets at the time of purchase; and - Real estate mortgages, limited to 30% of portfolio assets at the time of acquisition. In addition, options and futures contracts on fixed income securities will be used from time to time to achieve and maintain appropriate investment and liquidity characteristics on the overall asset portfolio. While this information generally describes our investment strategy, we are not obligated to follow any particular strategy except as may be required by federal law and Minnesota and other state insurance laws. MARKET VALUE ADJUSTMENT (MVA) We will not apply an MVA to contract value you transfer or surrender out of the GPAs within 30 days before the end of the guarantee period. During this 30 day window you may choose to start a new guarantee period of the same length, transfer the contract value to a GPA of another length, transfer the contract value to any of the subaccounts or the fixed account, or surrender the contract value (subject to applicable surrender provisions). If we do not receive any instructions at the end of your guarantee period, our current practice is to automatically transfer the contract value to the one year GPA. Any new GPA, whether it is one you choose or an automatic transfer to a one year GPA, will be subject to an MVA as described below. We guarantee the contract value allocated to the GPAs, including interest credited, if you do not make any transfers or surrenders from the GPAs prior to 30 days before the end of the guarantee period (30-day rule). At all other times, and unless one of the exceptions to the 30-day rule described below applies, we will apply an MVA if you surrender or transfer contract value from a GPA including withdrawals under the Withdrawal Benefit rider, or you elect an annuity payout plan while you have contract value invested in a GPA. We will refer to these transactions as "early surrenders." The application of an MVA may result in either a gain or loss of principal. The 30-day rule does not apply and no MVA will apply to: - death benefits; - amounts surrendered for fees and charges; - amounts surrendered under contract provisions that waive surrender charges for Hospital or Nursing Home Confinement and Terminal Illness Disability Diagnosis; and - amounts surrendered from the GPA within 30 days prior to the end of the guarantee period. When you request an early surrender, we adjust the early surrender amount by an MVA formula. The early surrender amount reflects the relationship between the guaranteed interest rate you are earning in your current GPA and the interest rate we are crediting on new GPAs that end at the same time as your current GPA. The MVA is sensitive to changes in current interest rates. The magnitude of any applicable MVA will depend on our current schedule of guaranteed interest rates at the time of the surrender, the time remaining in your guarantee period and your guaranteed interest rate. The MVA is negative, zero or positive depending on how the guaranteed interest rate on your GPA compares to the interest rate of a new GPA for the same number of years as the guarantee period remaining on your GPA. This is summarized in the following table:
IF YOUR GPA RATE IS: THE MVA IS: Less than the new GPA rate + 0.10% Negative Equal to the new GPA rate + 0.10% Zero Greater than the new GPA rate + 0.10% Positive
For an example, see Appendix A. THE FIXED ACCOUNT Unless the PN program is in effect, you also may allocate purchase payments and purchase payment credits or transfer contract value to the fixed account. We back the principal and interest guarantees relating to the fixed account. These guarantees are based on the continued claims-paying ability of the company's general account. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of insurance and financial products as well, and we also pay our obligations under these products from assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. The value of the fixed account increases as we credit interest to the account. Purchase payments and transfers to the fixed account become part of our general account. We 28 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS credit and compound interest daily based on a 365-day year so as to produce the annual effective rate which we declare. We do not credit interest on leap days (Feb. 29). The interest rate we apply to each purchase payment or transfer to the fixed account is guaranteed for one year. Thereafter, we will change the rates from time to time at our discretion. These rates will be based on various factors including, but not limited to, the interest rate environment, returns earned on investments backing these annuities, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition, and RiverSource Life's revenues and expenses. Subject to state law limitations, we reserve the right to limit purchase payment allocations to the fixed account if the interest rate we are then currently crediting to the fixed account is equal to the minimum interest rate stated in the contract. Interests in the fixed account are not required to be registered with the SEC. The SEC staff does not review the disclosures in this prospectus on the fixed account. Disclosures regarding the fixed account, however, may be subject to certain generally applicable provisions of the federal securities laws relating to the accuracy and completeness of statements made in prospectuses. (See "Making the Most of Your Contract -- Transfer policies" for restrictions on transfers involving the fixed account.) THE SPECIAL DCA ACCOUNT You also may allocate purchase payments and purchase payment credits to the Special DCA account, when available. The Special DCA account is available for promotional purposes for new purchase payments only and may not be available at all times.* We back the principal and interest guarantees relating to the Special DCA account. These guarantees are based on the continued claims-paying ability of the company. The value of the Special DCA account increases as we credit interest to the account. Purchase payments to the Special DCA account become part of our general account. We credit and compound interest daily based on a 365-day year so as to produce the annual effective rate which we declare. We do not credit interest on leap days (Feb. 29). The interest rate we apply to each purchase payment is guaranteed for the period of time money remains in the Special DCA account. The rates credited to the Special DCA account will be based on various factors including, but not limited to, the interest rate environment, returns earned on investments backing these annuities, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition, and RiverSource Life's revenues and expenses. Interests in the Special DCA account are not required to be registered with the SEC. The SEC staff does not review the disclosures in this prospectus on the Special DCA account. Disclosures regarding the Special DCA account, however, may be subject to certain generally applicable provisions of the federal securities laws relating to the accuracy and completeness of statements made in prospectuses. (See "Making the Most of Your Contract -- Special Dollar Cost Averaging Program" for more information on the Special DCA account.) * For contracts purchased in Oregon the Special DCA account is available at all times. BUYING YOUR CONTRACT New contracts are not currently being offered. As the owner, you have all rights and may receive all benefits under the contract. You can own a nonqualified annuity in joint tenancy with rights of survivorship only in spousal situations. You cannot own a qualified annuity in joint tenancy. You can buy a contract if you and the annuitant are 90 or younger. The contract provides for allocation of purchase payments and purchase payment credits to the subaccounts of the variable account, to the GPAs, to the fixed account and/or to the Special DCA account (when available) in even 1% increments subject to the $1,000 required minimum investment for the GPAs. There may be certain restrictions on the amount you may allocate to the fixed account. (See "Purchase Payments.") We will credit additional purchase payments you make to your accounts on the valuation date we receive them. If we receive an additional purchase payment at our corporate office before the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the valuation date we received the payment. If we receive an additional purchase payment at our corporate office at or after the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the next valuation date after we received the payment. THE SETTLEMENT DATE Annuity payouts are scheduled to begin on the settlement date. This means that the contract will be annuitized (converted to a stream of monthly payments), and the first payment will be sent on the settlement date. If your contract is annuitized, the contract goes into payout mode and only annuity payout provisions continue. Unless Annuity Payout Plan E is elected, you will no longer have access to your contract value. In addition, the death benefit and any optional benefits you have elected will end. When we processed your application, we established the settlement date as the maximum age (or contract RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 29 anniversary, if applicable). We have established a new maximum age (or contract anniversary) as described below. You also can change the settlement date, provided you send us written instructions at least 30 days before annuity payouts begin. Generally, the settlement date must be no later than the annuitant's 95th birthday or the tenth contract anniversary. If the annuitant was age 95 or older and past the tenth contract anniversary when the new maximum was established, the new settlement date was set to a birthday later than age 95. You can also choose to delay the annuitization of your contract beyond age 95 indefinitely, to the extent allowed by applicable tax laws. Six months prior to your settlement date, we will contact you with your options, including the option to postpone your annuitization start date to a future date. If you do not make an election, annuity payouts using the contract's default option of Annuity Payout Plan B -- life annuity with 10 years certain will begin on the settlement date, and your monthly annuity payments will continue for as long as the annuitant lives. If the annuitant does not survive 10 years, payments will continue until 10 years of payments have been made. If you own a qualified annuity (for example, an IRA) and tax laws require that you take distributions from your annuity prior to your new settlement date, your contract will not be automatically annuitized. If you satisfy your RMDs for a qualified annuity in the form of partial surrenders from this contract, you are electing to defer annuitizing your contract. Contract owners of IRAs and TSAs may also be able to satisfy RMDs by electing other IRAs or TSAs, and in that case, will delay the start of annuity payouts for these contracts. BENEFICIARY If death benefits become payable before the settlement date while the contract is in force and before annuity payouts begin, we will pay the death benefit to your named beneficiary. If there is more than one beneficiary we will pay each beneficiary's designated share when we receive their complete claim. A beneficiary will bear the investment risk if the variable account until we receive the beneficiary's complete claim. If there is no named beneficiary, then the default provisions of your contract apply. (See "Benefits in Case of Death" for more about beneficiaries.) PURCHASE PAYMENTS* MINIMUM ALLOWABLE PURCHASE PAYMENTS(**) If paying by installments under a scheduled payment plan: $50 per month
RAVA ADVANTAGE PLUS RAVA SELECT PLUS If paying by any other method: initial payment for qualified annuities $1,000 $ 2,000 initial payment for nonqualified annuities 2,000 10,000 for any additional payments 50 50
* RAVA ADVANTAGE PLUS AND RAVA SELECT PLUS BAND 3 ANNUITIES SOLD TO INDIVIDUALS OTHER THAN ADVISORS AND EMPLOYEES: Require a minimum $1,000,000 initial purchase payment and corporate office approval. Contracts already approved may make payments in subsequent years up to $100,000 if your age on the effective date of the contract is age 85 or younger and $50,000 if your age on the effective date of the contract is age 86 to 90. ** Installments must total at least $600 in the first year. If you do not make any purchase payments for 24 months, and your previous payments total $600 or less, we have the right to give you 30 days' written notice and pay you the total value of your contract in a lump sum. This right does not apply to contracts in Illinois and New Jersey. MAXIMUM ALLOWABLE PURCHASE PAYMENTS(***) (without corporate office approval) based on your age on the effective date of the contract:
RAVA ADVANTAGE PLUS RAVA SELECT PLUS For the first year: through age 85 $999,999 $999,999 for ages 86 to 90 100,000 100,000 For each subsequent year: through age 85 100,000 100,000 for ages 86 to 90 50,000 50,000
***These limits apply in total to all RiverSource Life annuities you own. We reserve the right to increase maximum limits. For qualified annuities the tax-deferred retirement plan's or the Code's limits on annual contributions also apply. We will consider your contract void from the start if we do not receive your initial purchase payment within 180 days of the application signed date. Effective Jan. 26, 2009, no additional purchase payments are allowed for contracts with the Withdrawal Benefit rider or Enhanced Withdrawal Benefit rider, subject to state restrictions. 30 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS For contracts issued in all states except those listed below, certain exceptions apply and the following additional purchase payments will be allowed on/after Jan. 26, 2009: a. Tax Free Exchanges, rollovers, and transfers listed on the annuity application and received within 180 days from the contract issue date. b. Current tax year contributions for TSAs up to the annual limit set by the IRS. c. Prior and current tax year contributions up to a cumulative annual maximum of $6,000(1) for any Qualified Accounts except TSAs. This maximum applies to IRAs, Roth IRAs, SIMPLE IRAs, and SEP plans. (1) The maximum amount is subject to change in later years and is based on the limit set by the IRS for individual IRAs (including the catch-up provision). For Contracts Issued in Florida, New Jersey, and Oregon: For contracts with the Withdrawal Benefit rider and Enhanced Withdrawal Benefit rider issued in Florida, New Jersey, and Oregon, additional purchase payments to your variable annuity contract will be limited to $100,000 for the life of your contract. The limit does not apply to Tax Free Exchanges, rollovers and transfers listed on the annuity application and received within 180 days for the contract issue date. We reserve the right to change these current rules at any time, subject to state restrictions. Purchase payment amounts and purchase payment timing may vary by state and may be limited under the terms of your contract. Subject to state regulatory requirements, we reserve the right to not accept purchase payments allocated to the fixed account for twelve months following either: 1. a partial surrender from the fixed account; or 2. a lump sum transfer from the fixed account to a subaccount. HOW TO MAKE PURCHASE PAYMENTS 1 1 BY LETTER Send your check along with your name and contract number to: RIVERSOURCE LIFE INSURANCE COMPANY 70200 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS, MN 55474 2 2 BY SCHEDULED PAYMENT PLAN We can help you set up: - an automatic payroll deduction, salary reduction or other group billing arrangement; or - a bank authorization. PURCHASE PAYMENT CREDITS FOR RAVA ADVANTAGE PLUS: we add a credit to your contract in the amount of: - 1% of each purchase payment received: - if you elect the ten-year surrender charge schedule for your contract* and the initial purchase payment is under $100,000; or - if you elect the seven-year surrender charge schedule for your contract and your initial purchase payment to the contract is at least $100,000 but less than $1,000,000. - 2% of each purchase payment received if you elect the ten-year surrender charge schedule for your contract* and your initial purchase payment to the contract is at least $100,000 but less than $1,000,000. FOR RAVA ADVANTAGE PLUS - BAND 3: we add a credit to your contract in the amount of: - 2% of each purchase payment received: - if you elect the seven-year surrender charge schedule for your contract. - 3% of each purchase payment received: - if you elect the ten-year surrender charge schedule for your contract*. Surrender charges under RAVA Advantage Plus and RAVA Advantage Plus - Band 3 may be higher and longer than those for contracts that do not have purchase payment credits. The amount of the credits may be more than offset by the additional charges associated with them. Because of higher charges, there could be circumstances where you may be worse off RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 31 purchasing one of these contracts with the credits than purchasing other contracts. All things being equal (such as fund performance and availability), this may occur if you select the ten-year surrender charge and you make a full surrender in years five through ten. We pay for the credits under RAVA Advantage Plus and RAVA Advantage Plus - Band 3 primarily through revenue from a higher and longer surrender charge schedule and through lower costs associated with larger sized contracts, including lower compensation paid on the sales of these contracts. FOR RAVA SELECT PLUS: we add a credit to your contract in the amount of 1% of each purchase payment received in the first contract year if your initial purchase payment to the contract is at least $250,000 but less than $1,000,000. FOR RAVA SELECT PLUS - BAND 3: we add a credit to your contract in the amount of 2% of each purchase payment received in the first contract year. Expenses under RAVA Select Plus and RAVA Select Plus - Band 3 may be higher than those for contracts that do not have purchase payment credits. The amount of the credits may be more than offset by the additional charges associated with them. Because of higher charges, you may be worse off purchasing one of these contracts with the credits than purchasing other contracts. We pay for the credits under RAVA Select Plus and RAVA Select Plus - Band 3 primarily through lower costs associated with larger sized contracts, including lower compensation paid on the sales of these contracts. We fund all credits from our general account. We do not consider credits to be "investments" for income tax purposes. (See "Taxes.") We allocate each credit to your contract value when the applicable purchase payment is applied to your contract value. We allocate such credits to your contract value according to allocation instructions in effect for your purchase payments. We will reverse credits from the contract value for any purchase payment that is not honored. The amount returned to you under the free look provision also will not include any credits applied to your contract. (See "The Contract in Brief -- Free look period.") We will assess a charge, similar to a surrender charge, equal to the amount of the purchase payment credits to the extent a death benefit, surrender payment, or settlement under an annuity payout plan includes purchase payment credits applied within twelve months preceding: (1) the date of death that results in a lump sum death benefit under this contract; (2) a request for surrender charge waiver due to Nursing Home Confinement or Terminal Illness Disability Diagnosis; or (3) your settlement of the contract under an annuity payout plan.* We reserve the right to increase the amount of the credit for certain groups of contract owners. The increase will not be greater than 8% of total net purchase payments. We would pay for increases in credit amounts primarily through reduced expenses expected from such groups. * The ten-year surrender charge under RAVA Advantage Plus and RAVA Advantage Plus - Band 3 is not available in Oregon. Contracts purchased in Oregon are only eligible for a 1% purchase payment credit if the initial purchase payment is at least $100,000. For contracts purchased in Oregon, we will assess a charge, similar to a surrender charge, equal to the amount of the purchase payment credits to the extent a death benefit includes purchase payment credits applied within twelve months preceding the date of death that results in a lump sum death benefit under this contract only. LIMITATIONS ON USE OF CONTRACTS If mandated by applicable law, including but not limited to, federal anti-money laundering laws, we may be required to reject a purchase payment. We may also be required to block an owner's access to contract values and satisfy other statutory obligations. Under these circumstances, we may refuse to implement requests for transfers, surrenders or death benefits until instructions are received from the appropriate governmental authority or court of competent jurisdiction. CHARGES CONTRACT ADMINISTRATIVE CHARGE We charge this fee for establishing and maintaining your records. Currently, we deduct $30 from your contract value on your contract anniversary at the end of each contract year. Subject to state regulatory requirements, we prorate this charge among the subaccounts and the fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA account. The contract administrative charge is only deducted from GPAs and any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts. We reserve the right to increase this charge after the first contract anniversary to a maximum of $50.* We will waive $30 of this charge when your contract value, or total purchase payments less any payments surrendered, is $50,000 or more on the current contract anniversary. If you surrender your contract, we will deduct the full charge at the time of surrender regardless of the contract value or purchase payments made. This charge does not apply after annuity payouts begin or when we pay death benefits. * In certain states and for certain contracts we have waived our right to increase the contract administrative charge. 32 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS MORTALITY AND EXPENSE RISK FEE We charge this fee daily to the subaccounts. The unit values of your subaccounts reflect this fee, which is a percentage of their average daily net assets, on an annual basis as follows:
RAVA ADVANTAGE PLUS RAVA SELECT PLUS For nonqualified annuities 0.95% 1.20% For qualified annuities 0.75% 1.00% For Band 3 annuities 0.55% 0.75%
This fee covers the mortality and expense risk that we assume. This fee does not apply to the GPAs, the fixed account or the Special DCA account. Mortality risk arises because of our guarantee to pay a death benefit and our guarantee to make annuity payouts according to the terms of the contract, no matter how long a specific owner or annuitant lives and no matter how long our entire group of owners or annuitants live. If, as a group, owners or annuitants outlive the life expectancy we assumed in our actuarial tables, we must take money from our general assets to meet our obligations. If, as a group, owners or annuitants do not live as long as expected, we could profit from the mortality risk fee. We deduct the mortality risk fee from the subaccounts during the annuity payout period even if the annuity payout plan does not involve a life contingency. Expense risk arises because we cannot increase the contract administrative charge more than $20.00 per contract and this charge may not cover our expenses. We would have to make up any deficit from our general assets. We could profit from the expense risk fee if future expenses are less than expected. The subaccounts pay us the mortality and expense risk fee they accrued as follows: - first, to the extent possible, the subaccounts pay this fee from any dividends distributed from the funds in which they invest; - then, if necessary, the funds redeem shares to cover any remaining fees payable. We may use any profits we realize from the subaccounts' payment to us of the mortality and expense risk fee for any proper corporate purpose, including, among others, payment of distribution (selling) expenses. We do not expect that the surrender charge, discussed in the following paragraphs, will cover sales and distribution expenses. SURRENDER CHARGE If you surrender all or part of your contract, you may be subject to a surrender charge. For RAVA Advantage Plus, a surrender charge applies if all or part of the surrender amount is from purchase payments we received within seven or ten years before surrender. You select the surrender charge period at the time of your application for the contract. For RAVA Select Plus, a surrender charge applies if you surrender all or part of your purchase payments in the first three contract years. The surrender charge percentages that apply to you are shown in your contract. You may surrender an amount during any contract year without a surrender charge. We call this amount the Total Free Amount (TFA). The TFA varies depending on whether your contract includes the Withdrawal Benefit rider: CONTRACTS WITHOUT WITHDRAWAL BENEFIT RIDER The TFA is the greater of: - 10% of the contract value on the prior contract anniversary*; or - current contract earnings. CONTRACTS WITH WITHDRAWAL BENEFIT RIDER The TFA is the greatest of: - 10% of the contract value on the prior contract anniversary*; - current contract earnings; or - the Remaining Benefit Payment. * We consider your purchase payment and any purchase payment credit applied on the first day payments are received to be the prior contract anniversary's contract value during the first contract year. NOTE: We determine current contract earnings by looking at the entire contract value, not the earnings of any particular subaccount, GPA, the fixed account or the Special DCA account. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 33 Amounts surrendered in excess of the TFA may be subject to a surrender charge as described below. SURRENDER CHARGE UNDER RAVA ADVANTAGE PLUS: For purposes of calculating any surrender charge under RAVA Advantage Plus, we treat amounts surrendered from your contract value in the following order: 1. First, we surrender the TFA. We do not assess a surrender charge on the TFA. 2. Next we surrender purchase payments received prior to the surrender charge period you selected and shown in your contract. We do not assess a surrender charge on these purchase payments. 3. Finally, if necessary, we surrender purchase payments received that are still within the surrender charge period you selected and shown in your contract. We surrender these payments on a first-in, first-out (FIFO) basis. We do assess a surrender charge on these payments. We determine your surrender charge by multiplying each of your payments surrendered by the applicable surrender charge percentage, and then adding the total surrender charges. The surrender charge percentage depends on the number of years since you made the payments that are surrendered, depending on the schedule you selected*:
SEVEN-YEAR SCHEDULE TEN-YEAR SCHEDULE* NUMBER OF COMPLETED NUMBER OF COMPLETED SURRENDER CHARGE YEARS FROM DATE OF EACH SURRENDER CHARGE YEARS FROM DATE OF EACH PERCENTAGE PURCHASE PAYMENT PERCENTAGE PURCHASE PAYMENT 0 7% 0 8% 1 7 1 8 2 7 2 8 3 6 3 7 4 5 4 7 5 4 5 6 6 2 6 5 7+ 0 7 4 8 3 9 2 10+ 0
* The ten-year surrender charge schedule under RAVA Advantage Plus is not available in Oregon. In Connecticut and Utah, the ten-year surrender charge schedule is 8% for years 0-2, 7% for year 3 and declining by 1% each year thereafter until it is 0% for years 10+. For contracts issued in Alabama, Massachusetts, Oregon and Washington, we waive surrender charges after the tenth contract anniversary for all payments regardless of when payments are made. SURRENDER CHARGE UNDER RAVA SELECT PLUS (EXCEPT TEXAS): For purposes of calculating any surrender charge under RAVA Select Plus, we treat amounts surrendered from your contract value in the following order: 1. First, we surrender the TFA. We do not assess a surrender charge on the TFA. 2. Next, if necessary, we surrender purchase payments. We do assess a surrender charge on these payments during the first three contract years as follows:
CONTRACT YEAR SURRENDER CHARGE PERCENTAGE 1 7% 2 7 3 7 Thereafter 0
SURRENDER CHARGE UNDER RAVA SELECT PLUS IN TEXAS: For purposes of calculating any surrender charge under RAVA Select Plus in Texas, we treat amounts surrendered from your contract value in the following order: 1. First, we surrender the TFA. We do not assess a surrender charge on the TFA. 34 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 2. Next, if necessary, we surrender purchase payments. We surrender amounts from the oldest purchase payments first. We do assess a surrender charge on these payments during the first three contract years as follows:
SURRENDER CHARGE PERCENTAGE (AS A PERCENTAGE OF PURCHASE PAYMENTS SURRENDERED) IN CONTRACT YEAR PAYMENTS MADE IN CONTRACT YEAR 1 2 3 THEREAFTER 1 8% 7% 6% 0% 2 8 7 0 3 8 0 Thereafter 0
PARTIAL SURRENDERS: For a partial surrender that is subject to a surrender charge, the amount we actually deduct from your contract value will be the amount you request plus any applicable surrender charge, plus or minus any applicable MVA. For an example, see Appendix B. SURRENDER CHARGE UNDER ANNUITY PAYOUT PLAN E -- PAYOUTS FOR A SPECIFIED PERIOD: Under this annuity payout plan, you can choose to take a surrender. The amount that you can surrender is the present value of any remaining variable payouts. The discount rate we use in the calculation will be 5.17% if the assumed investment rate is 3.5% and 6.67% if the assumed investment rate is 5%. The surrender charge equals the present value of the remaining payouts using the assumed investment rate minus the present value of the remaining payouts using the discount rate. WAIVER OF SURRENDER CHARGES We do not assess surrender charges for: - surrenders of any contract earnings; - surrenders of amounts totaling up to 10% of the contract value on the prior contract anniversary to the extent it exceeds contract earnings; - if you elected the Withdrawal Benefit rider, your contract's Remaining Benefit Payment to the extent it exceeds the greater of contract earnings or 10% of the contract value on the prior contract anniversary; - amounts surrendered after the tenth contract anniversary in Alabama, Massachusetts, Washington and Oregon; - to the extent that they exceed the greater of contract earnings or 10% of the contract value on the prior contract anniversary, required minimum distributions from a qualified annuity. The amount on which surrender charges are waived can be no greater than the RMD amount calculated under your specific contract currently in force; - contracts settled using an annuity payout plan*, unless an Annuity Payout Plan E is later surrendered; - amounts we refund to you during the free look period*; - death benefits*; - surrenders you make under your contract's "Waiver of Surrender Charges for Hospital or Nursing Home Confinement" provision*. To the extent permitted by state law, this provision applies when you are under age 76 on the date that we issue the contract. Under this provision, we will waive surrender charges that we normally assess upon full or partial surrender. You must provide proof satisfactory to us that, as of the date you request the surrender, you are or your spouse is confined to a nursing home or hospital and have been for 60 straight days and the confinement began after the contract date. (See your contract for additional conditions and restrictions on this waiver.); and - surrenders you make under your contract's "Waiver of Surrender Charges for Terminal Illness Disability Diagnosis" provision.* To the extent permitted by state law, this provision applies when you are under age 76 on the date we issue the contract. Under this provision, we will waive surrender charges that we normally assess for surrenders you make if you are diagnosed after the contract date as disabled with a medical condition that with reasonable medical certainty will result in death within 12 months or less from the date of a licensed physician's statement. You must provide us with a licensed physician's statement containing the terminal illness diagnosis and the date the terminal illness was initially diagnosed. (See your contract for additional conditions and restrictions on this waiver.) * However, we will reverse certain purchase payment credits. (See "Buying your contract -- Purchase payment credits.") OTHER INFORMATION ON CHARGES: Ameriprise Financial, Inc. makes certain custodial services available to some profit sharing, money purchase and target benefit plans funded by our annuities. Fees for these services start at $30 per calendar year per participant. Ameriprise Financial, Inc. will charge a termination fee for owners under age 59 1/2 (fee waived in case of death or disability). RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 35 POSSIBLE GROUP REDUCTIONS: In some cases we may incur lower sales and administrative expenses due to the size of the group, the average contribution and the use of group enrollment procedures. In such cases, we may be able to reduce or eliminate certain charges such as the contract administrative and surrender charges. However, we expect this to occur infrequently. ACCUMULATION BENEFIT RIDER FEE We charge a fee for this optional feature only if you select it.(1) If selected, we deduct an annual fee of 0.60% of the greater of your contract value or the minimum contract accumulation value on your contract anniversary. We prorate this fee among the subaccounts and the fixed account (if applicable) in the same proportion as your interest in each bears to your total contract value, less any amounts invested in the Special DCA account. Such fee is only deducted from any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts. The fee will only be deducted from the subaccounts in Washington. We will modify this prorated approach to comply with state regulations where necessary. Once you elect the Accumulation Benefit rider, you may not cancel it and the charge will continue to be deducted through the end of the waiting period or when annuity payouts begin. If the contract is terminated for any reason or when annuity payouts begin, we will deduct the fee, adjusted for the number of calendar days coverage was in place since we last deducted the charge. Currently, the Accumulation Benefit rider fee does not vary with the PN program investment option selected; however, we reserve the right to vary the rider fee for each investment option. The Accumulation Benefit rider fee will not exceed a maximum fee of 2.50%. We may increase the rider fee at our discretion and on a nondiscriminatory basis. We will not change the Accumulation Benefit rider fee in effect on your contract after the rider effective date unless: (a) you choose the annual elective step up or elective spousal continuation step up after we have exercised our rights to increase the rider fee; or (b) you change your PN program investment option after we have exercised our rights to increase the rider fee or vary the rider fee for each PN program investment option. If you elect to change your PN program investment option after we have exercised our right to increase the fee for this rider, or after we have exercised our right to establish fees for this rider which vary by PN program investment option, the increase in fees for this rider will become effective on the contract anniversary following your change of PN program investment option. Any PN program investment option changes on the contract anniversary will have the new charge effective on that contract anniversary. Also, in the event you change your PN program investment option twice in the same contract year (see "Asset Allocation Program" and "Portfolio Navigator Program"), the fee we charge for this rider will be the greatest fee applicable to any PN program investment option which you have selected during the contract year. If you choose the elective step up, the elective spousal continuation step up, or change your PN program investment option after we have exercised our rights to increase the rider charge as described above, you will pay the charge that is in effect on the valuation date we receive your written request to step up or change your PN program investment option for each PN program investment option. For Elective Step Ups and the elective spousal continuation Step ups, this change will be in effect for the entire contract year. The fee does not apply after annuity payouts begin. (1) Available if you are 80 or younger at the rider effective date. You must participate in the PN program with this rider (see "Portfolio Navigator Program"). Not available with Withdrawal Benefit. WITHDRAWAL BENEFIT RIDER FEE We charge a fee for this optional feature only if you select it.(1) If selected, we deduct an annual fee of 0.60% of your contract value on your contract anniversary. We prorate this fee among the subaccounts and the fixed account (if applicable) in the same proportion as your interest in each bears to your total contract value, less any amounts invested in the GPAs and in the Special DCA account. Such fee is only deducted from GPAs and any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts. The fee will only be deducted from the subaccounts in Washington. We will modify this prorated approach to comply with state regulations where necessary. (1) Available if you are 80 or younger at the rider effective date and age 60 to 80 if the contract is a TSA. You must participate in the PN program with this rider (see "Portfolio Navigator Program"). Once you elect the Withdrawal Benefit, you may not cancel it and the fee will continue to be deducted until the contract is terminated or annuity payouts begin. If the contract is terminated for any reason or when annuity payouts begin, we will deduct the Withdrawal Benefit fee, adjusted for the number of calendar days coverage was in place since we last deducted the fee. If the Remaining Benefit Amount (RBA) goes to zero but the contract value has not been depleted, you will continue to be charged. 36 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS Currently, the Withdrawal Benefit rider fee does not vary with the PN program option selected; however we reserve the right to vary the fee for this rider for each investment option. The Withdrawal Benefit rider fee will not exceed a maximum of 2.50%. We may increase the rider fee at our discretion and on a nondiscriminatory basis. However, any change to the rider fee will only apply to existing contract owners if: (a) you choose the annual elective step up or elective spousal continuation step up after we have exercised our rights to increase the rider fee; (b) you change your PN program investment option after we have exercised our rights to increase the rider fee and/or vary the rider fee for each PN program investment option. If you choose the spousal continuation step up or to change your investment option after we have exercised our right to increase the fee we charge for this rider, or after we have exercised our right to establish fees for this rider which vary by investment option, the increase in fees we charge for this rider will become effective on the contract anniversary following your change. Any changes on the contract anniversary will have the new fee effective on that contract anniversary. Also, in the event you make more than one change in the same contract year, the fee for this rider will be the greatest fee applicable to any change which you have selected during the contract year. If you choose an annual elective step up, you will pay the fee we then charge. If you choose an elective step up on the first contract anniversary, any increase in fees we charge for this rider for the step up will not become effective until the third contract year. In the event of more than one change in investment option and/or an elective step up occurring in the same contract year, the fees we charge for this rider will be the highest fee applicable to any of these changes. ROPP RIDER FEE We charge a fee for this optional feature only if you select it.(1) If selected, we deduct an annual charge of 0.20% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA account. Such charge is only deducted from GPAs and any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts. In this case, we prorate the charge among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.30%. If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year. (1) Available if you are 76 or older at the rider effective date. ROPP is included in the standard death benefit if you are age 75 or younger on the contract effective date at no additional cost. MAV RIDER FEE We charge a fee for this optional feature only if you select it.(2) If selected, we deduct an annual charge of 0.25% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA account. Such charge is only deducted from GPAs and any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts. In this case, we prorate the charge among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.35%. If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year. (2) Available if you are 75 or younger at the rider effective date. Not available with 5-Year MAV. 5-YEAR MAV RIDER FEE We charge a fee for this optional feature only if you select it.(3) If selected, we deduct an annual charge of 0.10% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA account. Such charge is only deducted from GPAs and any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts. In this case, we prorate the fee among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.20%. If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year. (3) Available if you are 75 or younger at the rider effective date. Not available with MAV. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 37 EEB RIDER FEE We charge a fee for this optional feature only if you select it.(4) If selected, we deduct an annual charge of 0.30% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and fixed accounts in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA account. Such charge is only deducted from GPAs and any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts. In this case, we prorate the charge among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.40%. If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year. (4) Available if you are 75 or younger at the rider effective date. Not available with EEP. May not be available in all states. EEP RIDER FEE We charge a fee for this optional feature only if you select it.(5) If selected, we deduct an annual charge of 0.40% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and fixed accounts in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA account. Such charge is only deducted from GPAs and any Special DCA account if insufficient amounts are available in the fixed account and the subaccounts. In this case, we prorate the charge among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.50%. If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year. (5) Available if you are 75 or younger at the rider effective date. Not available with EEB. May not be available in all states. EEP is only available on contracts purchased through a direct transfer or exchange of another annuity or a life insurance policy. RIDER COMBINATION DISCOUNT A fee discount of 0.05% applies if you purchase 5-Year MAV with either EEB or EEP. A fee discount of 0.10% applies if you purchase MAV with either EEB or EEP. PN RIDER FEE Before May 10, 2010, we deducted an annual charge of 0.10% of your contract value less any excluded accounts on your contract anniversary at the end of each contract year. This fee is no longer applicable beginning May 10, 2010. FUND FEES AND EXPENSES There are deductions from and expenses paid out of the assets of the funds that are described in the prospectuses for those funds. (see "Annual Operating Expenses of the Funds"). PREMIUM TAXES Certain state and local governments impose premium taxes on us (up to 3.5%). These taxes depend upon your state of residence or the state in which the contract was sold. Currently, we deduct any applicable premium tax when annuity payouts begin, but we reserve the right to deduct this tax at other times such as when you surrender your contract. VALUING YOUR INVESTMENT We value your accounts as follows: GPA We value the amounts you allocate to the GPA directly in dollars. The GPA value equals: - the sum of your purchase payments and purchase payment credits allocated to the GPA; - plus any amounts transferred to the GPA from the fixed account or subaccounts; - plus interest credited; - minus any amounts transferred from the GPA to the fixed account or any subaccount; - minus any amounts deducted for charges or surrenders; and/or - minus any remaining portion of fees where the values of the fixed account and the subaccounts are insufficient to cover those fees. 38 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS FIXED ACCOUNT We value the amounts you allocate to the fixed account directly in dollars. The fixed account value equals: - the sum of your purchase payments and purchase payment credits and transfer amounts allocated to the fixed account; - plus interest credited; - minus the sum of amounts surrendered (including any applicable surrender charges) and amounts transferred out (including any positive or negative MVA on amounts transferred from the GPAs); - minus any prorated portion of the contract administrative charge; - minus any prorated portion of the ROPP rider fee (if selected); - minus any prorated portion of the MAV rider fee (if selected); - minus any prorated portion of the 5-Year MAV rider fee (if selected); - minus any prorated portion of the EEB rider fee (if selected); - minus any prorated portion of the EEP rider fee (if selected); - minus any prorated portion of the Accumulation Benefit rider fee (if selected)*; and - minus any prorated portion of the Withdrawal Benefit rider fee (if selected)*. * The fee can only be deducted from the subaccounts in Washington. SPECIAL DCA ACCOUNT We value the amounts you allocate to the Special DCA account directly in dollars. The Special DCA account value equals: - the sum of your purchase payments and purchase payment credits allocated to the Special DCA account; - plus interest credited; - minus the sum of amounts surrendered (including any applicable surrender charges); - minus amounts transferred out; and - minus any remaining portion of fees where the values of the fixed account and the subaccounts are insufficient to cover those fees. SUBACCOUNTS We convert amounts you allocated to the subaccounts into accumulation units. Each time you make a purchase payment or transfer amounts into one of the subaccounts or we apply any purchase payment credits to a subaccount, we credit a certain number of accumulation units to your contract for that subaccount. Conversely, we subtract a certain number of accumulation units from your contract each time you take a partial surrender, transfer amounts out of a subaccount, or we assess a contract administrative charge, a surrender charge or charge for any optional riders with annual charges (if applicable). The accumulation units are the true measure of investment value in each subaccount during the accumulation period. They are related to, but not the same as, the net asset value of the fund in which the subaccount invests. The dollar value of each accumulation unit can rise or fall daily depending on the variable account expenses, performance of the fund and on certain fund expenses. Here is how we calculate accumulation unit values: NUMBER OF UNITS: to calculate the number of accumulation units for a particular subaccount we divide your investment by the current accumulation unit value. ACCUMULATION UNIT VALUE: the current accumulation unit value for each subaccount equals the last value times the subaccount's current net investment factor. WE DETERMINE THE NET INVESTMENT FACTOR BY: - adding the fund's current net asset value per share, plus the per share amount of any accrued income or capital gain dividends to obtain a current adjusted net asset value per share; then - dividing that sum by the previous adjusted net asset value per share; and - subtracting the percentage factor representing the mortality and expense risk fee from the result. Because the net asset value of the fund may fluctuate, the accumulation unit value may increase or decrease. You bear all the investment risk in a subaccount. FACTORS THAT AFFECT SUBACCOUNT ACCUMULATION UNITS: accumulation units may change in two ways -- in number and in value. The number of accumulation units you own may fluctuate due to: - additional purchase payments you allocate to the subaccounts; - any purchase payment credits allocated to the subaccounts; - transfers into or out of the subaccounts (including any positive or negative MVA on amounts transferred from the GPAs); RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 39 - partial surrenders; - surrender charges; and a deduction of: - a prorated portion of the contract administrative charge; - a prorated portion of the ROPP rider charge (if selected); - a prorated portion of the MAV rider charge (if selected); - a prorated portion of the 5-Year MAV rider charge (if selected); - a prorated portion of the EEB rider charge (if selected); - a prorated portion of the EEP rider charge (if selected); - a prorated portion of the Accumulation Benefit rider charge (if selected); and/or - a prorated portion of the Withdrawal Benefit rider charge (if selected). Accumulation unit values will fluctuate due to: - changes in fund net asset value; - fund dividends distributed to the subaccounts; - fund capital gains or losses; - fund operating expenses; and/or - mortality and expense risk fees. MAKING THE MOST OF YOUR CONTRACT AUTOMATED DOLLAR-COST AVERAGING Currently, you can use automated transfers to take advantage of dollar-cost averaging (investing a fixed amount at regular intervals). Automated transfers from the fixed account to the subaccounts under automated dollar-cost averaging may not exceed an amount that, if continued, would deplete the fixed account within 12 months. For example, you might transfer a set amount monthly from a relatively conservative subaccount to a more aggressive one, or to several others, or from the fixed account to one or more subaccounts. You may not set up an automated transfer to or from the GPAs. You may not set up an automated transfer to the fixed account or the Special DCA account. You may not set up an automated transfer if the Withdrawal Benefit, Accumulation Benefit or PN program is selected. There is no charge for dollar-cost averaging. This systematic approach can help you benefit from fluctuations in accumulation unit values caused by fluctuations in the market values of the funds. Since you invest the same amount each period, you automatically acquire more units when the market value falls and fewer units when it rises. The potential effect is to lower your average cost per unit. HOW DOLLAR-COST AVERAGING WORKS
NUMBER By investing an equal number of dollars AMOUNT ACCUMULATION OF UNITS each month ... MONTH INVESTED UNIT VALUE PURCHASED Jan $100 $20 5.00 Feb 100 18 5.56 you automatically buy Mar 100 17 5.88 more units when the (ARROW) Apr 100 15 6.67 per unit market price is low ... May 100 16 6.25 June 100 18 5.56 July 100 17 5.88 and fewer units Aug 100 19 5.26 when the per unit (ARROW) Sept 100 21 4.76 market price is high. Oct 100 20 5.00
You paid an average price of $17.91 per unit over the 10 months, while the average market price actually was $18.10. Dollar-cost averaging does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. Because dollar-cost averaging involves continuous investing, your success will depend upon your willingness to continue to invest regularly through periods of low price levels. Dollar-cost averaging can be an effective way to help meet your long-term goals. For specific features contact your financial advisor. 40 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS SPECIAL DOLLAR-COST AVERAGING (SPECIAL DCA) PROGRAM If your purchase payment is at least $10,000, you can choose to participate in the Special DCA program (if available). There is no charge for the Special DCA program. Under the Special DCA program, you can allocate a new purchase payment and any applicable purchase payment credit to a six-month Special DCA account according to the following rules: - You may only allocate a new purchase payment of at least $10,000 to a Special DCA account. - You cannot transfer existing contract values into a Special DCA account. - Each Special DCA arrangement consists of six monthly transfers that begin seven days after we receive your purchase payment. - We make monthly transfers of your Special DCA account value into the subaccounts you select. - You may not use the fixed account, GPA account or the Special DCA account as a destination for the Special DCA monthly transfer. (Exception: if the PN program is in effect and the PN program model portfolio you have selected, if applicable, includes the fixed account, amounts will be transferred from the Special DCA account to the fixed account according to the allocation percentage established for the PN program model portfolio you have selected.) - We will change the interest rate on each Special DCA account from time to time at our discretion based on factors that include the competition and the interest rate we are crediting to the fixed account at the time of the change. From time to time, we may credit interest to the Special DCA account at promotional rates that are higher than those we credit to the regular fixed account. - We credit each Special DCA account with the current guaranteed annual rate that is in effect on the date we receive your purchase payment. However, we credit this annual rate over the length of the Special DCA arrangement on the balance remaining in your Special DCA account. Therefore, the net effective interest rate you receive is less than the stated annual rate. - We do not credit this interest after we transfer the value out of the Special DCA account into the accounts you selected. - Once you establish a Special DCA account, you cannot allocate additional purchase payments to it. However, you may establish another new Special DCA account (if available on the valuation date we receive your payment) and allocate new purchase payments to it. - Funding from multiple sources is treated as individual purchase payments and a new Special DCA account is opened for each payment (if the Special DCA accounts are available on the valuation date we receive your payment). - You may terminate your participation in the Special DCA program at any time. If you do, we will transfer the remaining balance from your Special DCA account to the fixed account. Interest will be credited according to the rates in effect on the fixed account and not the rate that was in effect on the Special DCA account. (Exception: if the PN program is in effect when you elect to end your participation in the Special DCA program, we will transfer the remaining balance to the PN program investment option you have selected). - We can modify the terms or discontinue the Special DCA program at any time. Any modifications will not affect any purchase payments that are already in a Special DCA account. For more information on the Special DCA program, contact your financial advisor. The Special DCA program does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. Because dollar-cost averaging involves continuous investing, your success will depend upon your willingness to continue to invest regularly through periods of low price levels. Dollar-cost averaging can be an effective way to help meet your long-term goals. ASSET REBALANCING You can ask us in writing to have the variable subaccount portion of your contract value allocated according to the percentages (in tenth of a percent amounts) that you choose. We automatically will rebalance the variable subaccount portion of your contract value either quarterly, semi-annually, or annually. The period you select will start to run on the date we record your request. On the first valuation date of each of these periods, we automatically will rebalance your contract value so that the value in each subaccount matches your current subaccount percentage allocations. These percentage allocations must be more than one digit past the decimal numbers. Asset rebalancing does not apply to the GPAs, fixed account or the Special DCA account. There is no charge for asset rebalancing. The contract value must be at least $2,000. You can change your percentage allocations or your rebalancing period at any time by contacting us in writing. We will restart the rebalancing period you selected as of the date we record your change. You also can ask us in writing or by any other method acceptable to us, to stop rebalancing your contract value. You must allow 30 days for us to change any instructions that currently are in place. For more information on asset rebalancing, contact your financial advisor. Different rules apply to asset rebalancing under an asset allocation program (see "Asset Allocation Program" and "Portfolio Navigator Program" below). RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 41 ASSET ALLOCATION PROGRAM Asset allocation program described in this section has been replaced with the PN program for owners of all contracts purchased on or after Nov. 1, 2005 and for contract owners who chose to move from the previously offered asset allocation program the PN program or who add the PN program on or after Nov. 1, 2005. (see "Portfolio Navigator Program (PN Program)" below). If you purchased an optional Withdrawal Benefit rider, you are required to participate in our asset allocation program under the terms of the rider. The asset allocation program is only available if you purchased the optional Withdrawal Benefit rider. There is no additional charge for the asset allocation program. This asset allocation program allows you to allocate your contract value to a model portfolio that consists of subaccounts and may include the fixed account and certain GPAs, (if available under the asset allocation program) which represent various asset classes. By spreading your contract value among these various asset classes, you may be able to reduce the volatility in your contract value, but there is no guarantee that this will occur. Asset allocation does not guarantee that your contract will increase in value nor will it protect against a decline in value if market prices fall. You are responsible for determining which model portfolio is best for you. Your sales representative can help you make this determination. In addition, your financial advisor may provide you with a questionnaire, a tool that can help you determine which model portfolio is suited to your needs based on factors such as your investment goals, your tolerance for risk, and how long you intend to invest. Currently, there are five model portfolios ranging from conservative to aggressive. You may not use more than one model portfolio at a time. You are allowed to request a change to another model portfolio twice per contract year. Each model portfolio specifies allocation percentages to each of the subaccounts, the fixed account and/or any GPAs that make up that model portfolio. By participating in the program, you authorize us to invest your contract value in the subaccounts, the fixed account and/or any GPAs (if included) according to the allocation percentages stated for the specific model portfolio you have selected. You also authorize us to automatically rebalance your contract value quarterly in order to maintain alignment with the allocation percentages specified in the model portfolio. Special rules will apply to the GPAs if they are included in a model portfolio. Under these rules: - no MVA will apply when rebalancing occurs within a specific model portfolio (but an MVA will apply if you elect to transfer to a new model portfolio); - no MVA will apply if you reallocate your contract value according to an updated model portfolio; and - no MVA will apply when you elect an annuity payout plan while your contract value is invested in a model portfolio (see "Guarantee Period Accounts -- Market Value Adjustment"). If you initially allocate qualifying purchase payments and applicable purchase payment credits to the Special DCA account, when available, (see "The Special DCA Account") and you are participating in the asset allocation program, we will make monthly transfers from the Special DCA account into the model portfolio you have chosen. You may not discontinue your participation in the asset allocation program; however, you have the right at all times to make a full surrender of your contract value (see "Surrenders"). Because the Withdrawal Benefit rider requires that your contract value be invested in one of the model portfolios for the life of the contract, and you cannot terminate the Withdrawal Benefit rider once you have selected it, you must terminate your contract by requesting a full surrender if you no longer wish to participate in any of the model portfolios. Surrender charges and tax penalties may apply. THEREFORE, YOU SHOULD NOT SELECT THE WITHDRAWAL BENEFIT RIDER IF YOU DO NOT INTEND TO CONTINUE PARTICIPATING IN ONE OF THE MODEL PORTFOLIOS FOR THE LIFE OF THE CONTRACT. Under the asset allocation program, the subaccounts, the fixed account and/or any GPAs (if included) that make up the model portfolio you selected and the allocation percentages to those subaccounts, the fixed account and/or any GPAs (if included) will not change unless we adjust the composition of the model portfolio to reflect the liquidation, substitution or merger of an underlying fund, a change of investment objective by an underlying fund or when an underlying fund stops selling its shares to the variable account. We reserve the right to change the terms and conditions of the asset allocation program upon written notice to you. If permitted under applicable securities law, we reserve the right to: - reallocate your current model portfolio to an updated version of your current model portfolio; or - substitute a fund of funds for your current model portfolio. We also reserve the right to discontinue the asset allocation program. We will give you 30 days' written notice of any such change. 42 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS PORTFOLIO NAVIGATOR PROGRAM (PN PROGRAM) Under the PN program for living benefit riders, your contract value is allocated to a PN program investment option. The PN program investment options are currently five funds of funds, each of which invests in underlying funds in proportions that vary among the funds of funds in light of each fund of funds' investment objective ("Portfolio Navigator funds"). The PN program is available for both nonqualified and qualified annuities. The PN program also allows those who participated in a previous version of the PN program and who previously opted out of the transfer of their contract value to Portfolio Navigator funds to remain invested in accordance with a "static" PN program model portfolio investment option that is not subject to updating or reallocation. For more information on the static model portfolios, see "The static model portfolios" below. You are required to participate in the PN program if your contract includes optional living benefit riders. If your contract does not include one of these riders, you may not participate in the PN program; but you may choose to allocate your contract value to one or more of the Portfolio Navigator funds without being in the PN program. You should review any PN program information, including the prospectus for the funds of funds, carefully. Your financial advisor can provide you with additional information and can answer questions you may have on the PN program. THE PORTFOLIO NAVIGATOR FUNDS. Each of the Portfolio Navigator funds is a fund of funds with the investment objective of seeking a high level of total return consistent with a certain level of risk by investing in various underlying funds. The funds of funds have objectives ranging from Conservative to Aggressive, and are managed within asset class allocation targets and with a broad multi-manager approach. Columbia Management Investment Advisers is the investment adviser of each of the funds of funds, and Columbia Management Investment Advisers or an affiliate is the investment adviser of each of the underlying funds in which the funds of funds invest. Morningstar Associates, LLC serves as an independent consultant to Columbia Management Investment Advisers to provide recommendations regarding portfolio construction and ongoing analysis of the funds of funds. Neither Columbia Management Investment Advisers nor Morningstar Associates, LLC serves as your investment adviser as to the allocation of your contract value under the PN program (regardless of whether you have selected a PN program investment option or have chosen to remain in a static model portfolio). Some of the underlying funds are managed on a day-to- day basis directly by Columbia Management Investment Advisers and some are managed by one or more affiliated or unaffiliated sub-advisers, subject to the oversight of Columbia Management Investment Advisers and the fund's board of trustees. Below are the target asset allocation weights (between equity and fixed income/cash underlying funds) for each of the funds of funds: 1. Variable Portfolio - Aggressive Portfolio: 80% Equity / 20% Fixed Income 2. Variable Portfolio - Moderately Aggressive Portfolio: 65% Equity / 35% Fixed Income 3. Variable Portfolio - Moderate Portfolio: 50% Equity / 50% Fixed Income 4. Variable Portfolio - Moderately Conservative Portfolio: 35% Equity / 65% Fixed Income 5. Variable Portfolio - Conservative Portfolio: 20% Equity / 80% Fixed Income FUND OF FUNDS CONFLICTS OF INTEREST. In providing investment advisory services for the Portfolio Navigator funds of funds and the underlying funds in which the Portfolio Navigator funds of funds invest, Columbia Management Investment Advisers is, together with its affiliates, including us, subject to competing interests that may influence its decisions. These competing interests typically arise because Columbia Management Investment Advisers or one of its affiliates serves as the investment adviser to the underlying funds and may provide other services in connection with such underlying funds, and because the compensation we and our affiliates receive for providing these investment advisory and other services varies depending on the underlying fund. For additional information about the conflicts of interest to which Columbia Management Investment Advisers and its affiliates are subject, see the Portfolio Navigator funds of funds prospectus. THE STATIC MODEL PORTFOLIOS. If you have chosen to remain invested in a "static" PN program model portfolio investment option, your assets will remain invested in accordance with your current model portfolio, and you will not be provided with any updates to the model portfolio or reallocation recommendations. (The last such reallocation recommendation was provided in 2009.) Each model portfolio consists of underlying funds according to the allocation percentages stated for the model portfolio. If you are participating in the PN program through a model portfolio, you instruct us to automatically rebalance your contract value quarterly in order to maintain alignment with these allocation percentages. If you own a contract with a living benefit rider which requires you to participate in the PN program and have chosen to remain in a PN program model portfolio, you may in the future transfer the assets in your contract only to one of the funds of funds investment options. If you begin taking income from your contract and have a living benefit rider that requires a move to a certain model portfolio once you begin taking income, you will be transferred to the fund of funds that corresponds to that model portfolio. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 43 Special rules apply to the GPAs if they are included in a model portfolio. Under these rules: - no MVA will apply when rebalancing occurs within a specific model portfolio (but an MVA may apply if you elect to transfer to a fund of funds); - no MVA will apply when you elect an annuity payout plan while your contract value is invested in a model portfolio. (See "Guarantee Period Accounts -- Market Value Adjustment.") If you choose to remain in a static model portfolio, the investments and investment styles and policies of the underlying funds in which your contract value is invested may change. Accordingly, your model portfolio may change so that it is no longer appropriate for your needs, even though your allocations to underlying funds do not change. Furthermore, the absence of periodic updating means that existing underlying funds will not be replaced as may be appropriate due to poor performance, changes in management personnel, or other factors. Although the model portfolios are no longer maintained on an ongoing basis, the asset allocations in the model portfolios may have been affected by conflicts of interest similar to those to which the funds of funds are subject. Certain of the underlying funds in the model portfolios are managed by Columbia Management Investment Advisers or an affiliate while others are not, and we or our affiliate had an incentive to specify greater allocation percentages for the affiliated underlying funds. PARTICIPATING IN THE PN PROGRAM. You are responsible for determining which investment option is best for you. Your financial advisor can help you make this determination. In addition, your financial advisor may provide you with an investor questionnaire, a tool to help define your investing style that is based on factors such as your investment goals, your tolerance for risk and how long you intend to invest. Your responses to the investor questionnaire can help you determine which investment option most closely matches your investing style. While the scoring of the investor questionnaire is objective, there is no guarantee that your responses to the investor questionnaire accurately reflect your tolerance for risk. Similarly, there is no guarantee that the investment option you select or have selected after completing the investor questionnaire is appropriate to your ability to withstand investment risk. RiverSource Life is not responsible for your selection of a specific investment option or your decision to change to a different investment option. Currently, there are five Portfolio Navigator funds (and under the previous PN program five model portfolio investment options) ranging from conservative to aggressive. You may not use more than one investment option at a time. If you initially allocate qualifying purchase payments and applicable purchase payment credits to the Special DCA account, when available (see "The Special DCA Account"), and you are participating in the PN program, we will make monthly transfers in accordance with your instructions from the Special DCA account into the investment option or model portfolio you have chosen. You may request a change to your fund of funds (or a transfer from your model portfolio to a fund of funds) up to twice per contract year by written request on an authorized form or by another method agreed to by us. If your contract includes an optional rider that requires participation in the PN program and you make such a change, we may charge you a higher fee for your rider. If your contract includes optional living benefit riders, we reserve the right to limit the number of investment options from which you can select, subject to state restrictions. We reserve the right to change the terms and conditions of the PN program upon written notice to you. This includes but is not limited to the right to: - limit your choice of investment options based on the amount of your initial purchase payment; - cancel required participation in the program after 30 days' written notice; - substitute a fund of funds for your model portfolio, if applicable, if permitted under applicable securities law; and - discontinue the PN program after 30 days' written notice. RISKS. Asset allocation does not guarantee that your contract will increase in value nor will it protect against a decline in value if market prices fall. By investing in a fund of funds, you may be able to reduce the volatility in your contract value, but there is no guarantee that this will happen. For additional information about the risks of investing in a fund of funds, see the prospectus for funds of funds. LIVING BENEFIT RIDERS REQUIRING PARTICIPATION IN THE PN PROGRAM: - ACCUMULATION BENEFIT RIDER: You cannot terminate the Accumulation Benefit rider. As long as the Accumulation Benefit rider is in effect, your contract value must be invested in one of the PN program investment options. The Accumulation Benefit rider automatically ends at the end of the waiting period and you then have the option to cancel your participation in the PN program. At all other times, if you do not want to invest in any of the PN program investment options, you must terminate your contract by requesting a full surrender. Surrender charges and tax penalties may apply. THEREFORE, YOU SHOULD NOT SELECT THE ACCUMULATION BENEFIT RIDER IF YOU DO NOT INTEND TO CONTINUE PARTICIPATING IN THE PN PROGRAM (AS IT NOW EXISTS OR AS WE MAY MODIFY IT IN THE FUTURE) UNTIL THE END OF THE WAITING PERIOD. 44 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS - WITHDRAWAL BENEFIT RIDER: The Withdrawal Benefit rider requires that your contract value be invested in one of the PN program investment options for the life of the contract. Subject to state restrictions, we reserve the right to limit the number of investment options from which you can select based on the dollar amount of purchase payments you make. Because you cannot terminate the Withdrawal Benefit rider once you have selected it, you must terminate your contract by requesting a full surrender if you do not want to invest in any of the PN program investment options. Surrender charges and tax penalties may apply. THEREFORE, YOU SHOULD NOT SELECT THE WITHDRAWAL BENEFIT RIDER IF YOU DO NOT INTEND TO CONTINUE PARTICIPATING IN THE PN PROGRAM (AS IT NOW EXISTS OR AS WE MAY MODIFY IT IN THE FUTURE) FOR THE LIFE OF THE CONTRACT. TRANSFERRING AMONG ACCOUNTS The transfer rights discussed in this section do not apply while the PN program is in effect. You may transfer contract value from any one subaccount, GPAs or the fixed account, to another subaccount before annuity payouts begin. Certain restrictions apply to transfers involving the GPAs and the fixed account. When your request to transfer will be processed depends on when we receive it: - If we receive your transfer request at our corporate office in good order before the close of business, we will process your transfer using the accumulation unit value we calculate on the valuation date we received your transfer request. - If we receive your transfer request at our corporate office in good order at or after the close of business, we will process your transfer using the accumulation unit value we calculate on the next valuation date after we received your transfer request. There is no charge for transfers. Before making a transfer, you should consider the risks involved in changing investments. Transfers out of the GPAs will be subject to an MVA if done more than 30 days before the end of the guarantee period. Subject to state regulatory requirements, we may suspend or modify transfer privileges at any time. For information on transfers after annuity payouts begin, see "Transfer policies" below. TRANSFER POLICIES - Before annuity payouts begin, you may transfer contract values between the subaccounts, or from the subaccounts to the GPAs and fixed account at any time. The amount transferred to any GPA must be at least $1,000. However, if you made a transfer from the fixed account to the subaccounts or the GPAs, you may not make a transfer from any subaccount or GPA back to the fixed account until the next contract anniversary. We reserve the right to limit transfers to the fixed account if the interest rate we are then currently crediting to the fixed account is equal to the minimum interest rate stated in the contract. - You may transfer contract values from the fixed account to the subaccounts or the GPAs once a year during a 31-day transfer period starting on each contract anniversary (except for automated transfers, which can be set up at any time for certain transfer periods subject to certain minimums). Transfers from the fixed account are not subject to an MVA. Currently, transfers out of the fixed account are limited to the greater of: a) 30% of the fixed account value at the beginning of the contract year, or b) the amount transferred out of the fixed account in the previous contract year, excluding any automated transfer amounts. If an automated dollar-cost averaging arrangement is established at contract issue, the 30% limitation does not apply to transfers made from the fixed account to the subaccounts for the duration of this initial arrangement. - You may transfer contract values from any GPA to the subaccounts, fixed account or other GPA any time after 60 days of transfer or payment allocation into such GPA. Transfers made more than 30 days before the end of the guarantee period will receive an MVA, which may result in a gain or loss of contract value, unless an exception applies (see "The Guarantee Period Accounts (GPAs) -- Market Value Adjustment (MVA)"). - If we receive your request within 30 days before the contract anniversary date, the transfer from the fixed account to the subaccounts will be effective on the anniversary. - If we receive your request on or within 30 days after the contract anniversary date, the transfer from the fixed account to the subaccounts or GPAs will be effective on the valuation date we receive it. - We will not accept requests for transfers from the fixed account at any other time. - You may not make a transfer to the Special DCA account. - Once annuity payouts begin, you may not make transfers to or from the GPAs or the fixed account, but you may make transfers once per contract year among the subaccounts. During the annuity payout period, you cannot invest in more than five subaccounts at any one time unless we agree otherwise. When annuity payments begin, you must transfer all contract value out of any GPAs and Special DCAs. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 45 MARKET TIMING Market timing can reduce the value of your investment in the contract. If market timing causes the returns of an underlying fund to suffer, contract value you have allocated to a subaccount that invests in that underlying fund will be lower too. Market timing can cause you, any joint owner of the contract and your beneficiary(ies) under the contract a financial loss. WE SEEK TO PREVENT MARKET TIMING. MARKET TIMING IS FREQUENT OR SHORT-TERM TRADING ACTIVITY. WE DO NOT ACCOMMODATE SHORT-TERM TRADING ACTIVITIES. DO NOT BUY A CONTRACT IF YOU WISH TO USE SHORT-TERM TRADING STRATEGIES TO MANAGE YOUR INVESTMENT. THE MARKET TIMING POLICIES AND PROCEDURES DESCRIBED BELOW APPLY TO TRANSFERS AMONG THE SUBACCOUNTS WITHIN THE CONTRACT. THE UNDERLYING FUNDS IN WHICH THE SUBACCOUNTS INVEST HAVE THEIR OWN MARKET TIMING POLICIES AND PROCEDURES. THE MARKET TIMING POLICIES OF THE UNDERLYING FUNDS MAY BE MORE RESTRICTIVE THAN THE MARKET TIMING POLICIES AND PROCEDURES WE APPLY TO TRANSFERS AMONG THE SUBACCOUNTS OF THE CONTRACT, AND MAY INCLUDE REDEMPTION FEES. WE RESERVE THE RIGHT TO MODIFY OUR MARKET TIMING POLICIES AND PROCEDURES AT ANY TIME WITHOUT PRIOR NOTICE TO YOU. Market timing may hurt the performance of an underlying fund in which a subaccount invests in several ways, including but not necessarily limited to: - diluting the value of an investment in an underlying fund in which a subaccount invests; - increasing the transaction costs and expenses of an underlying fund in which a subaccount invests; and - preventing the investment adviser(s) of an underlying fund in which a subaccount invests from fully investing the assets of the fund in accordance with the fund's investment objectives. Funds available as investment options under the contract that invest in securities that trade in overseas securities markets may be at greater risk of loss from market timing, as market timers may seek to take advantage of changes in the values of securities between the close of overseas markets and the close of U.S. markets. Also, the risks of market timing may be greater for underlying funds that invest in securities such as small cap stocks, high yield bonds, or municipal securities, that may be traded infrequently. IN ORDER TO HELP PROTECT YOU AND THE UNDERLYING FUNDS FROM THE POTENTIALLY HARMFUL EFFECTS OF MARKET TIMING ACTIVITY, WE APPLY THE FOLLOWING MARKET TIMING POLICY TO DISCOURAGE FREQUENT TRANSFERS OF CONTRACT VALUE AMONG THE SUBACCOUNTS OF THE VARIABLE ACCOUNT: We try to distinguish market timing from transfers that we believe are not harmful, such as periodic rebalancing for purposes of an asset allocation, dollar-cost averaging and asset rebalancing program that may be described in this prospectus. There is no set number of transfers that constitutes market timing. Even one transfer in related accounts may be market timing. We seek to restrict the transfer privileges of a contract owner who makes more than three subaccount transfers in any 90 day period. We also reserve the right to refuse any transfer request, if, in our sole judgment, the dollar amount of transfer request would adversely affect unit values. If we determine, in our sole judgment, that your transfer activity constitutes market timing, we may modify, restrict or suspend your transfer privileges to the extent permitted by applicable law, which may vary based on the state law that applies to your contract and the terms of your contract. These restrictions or modifications may include, but not be limited to: - requiring transfer requests to be submitted only by first-class U.S. mail; - not accepting hand-delivered transfer requests or requests made by overnight mail; - not accepting telephone or electronic transfer requests; - requiring a minimum time period between each transfer; - not accepting transfer requests of an agent acting under power of attorney; - limiting the dollar amount that you may transfer at any one time; - suspending the transfer privilege; or - modifying instructions under an automated transfer program to exclude a restricted fund if you do not provide new instructions. Subject to applicable state law and the terms of each contract, we will apply the policy described above to all contract owners uniformly in all cases. We will notify you in writing after we impose any modification, restriction or suspension of your transfer rights. We cannot guarantee that we will be able to identify and restrict all market timing activity. Because we exercise discretion in applying the restrictions described above, we cannot guarantee that we will be able to restrict all market timing activity. In addition, state law and the terms of some contracts may prevent us from stopping certain market timing activity. Market 46 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS timing activity that we are unable to identify and/or restrict may impact the performance of the underlying funds and may result in lower contract values. IN ADDITION TO THE MARKET TIMING POLICY DESCRIBED ABOVE, WHICH APPLIES TO TRANSFERS AMONG THE SUBACCOUNTS WITHIN YOUR CONTRACT, YOU SHOULD CAREFULLY REVIEW THE MARKET TIMING POLICIES AND PROCEDURES OF THE UNDERLYING FUNDS. THE MARKET TIMING POLICIES AND PROCEDURES OF THE UNDERLYING FUNDS MAY BE MATERIALLY DIFFERENT THAN THOSE WE IMPOSE ON TRANSFERS AMONG THE SUBACCOUNTS WITHIN YOUR CONTRACT AND MAY INCLUDE MANDATORY REDEMPTION FEES AS WELL AS OTHER MEASURES TO DISCOURAGE FREQUENT TRANSFERS. AS AN INTERMEDIARY FOR THE UNDERLYING FUNDS, WE ARE REQUIRED TO ASSIST THEM IN APPLYING THEIR MARKET TIMING POLICIES AND PROCEDURES TO TRANSACTIONS INVOLVING THE PURCHASE AND EXCHANGE OF FUND SHARES. THIS ASSISTANCE MAY INCLUDE BUT NOT BE LIMITED TO PROVIDING THE UNDERLYING FUND UPON REQUEST WITH YOUR SOCIAL SECURITY NUMBER, TAXPAYER IDENTIFICATION NUMBER OR OTHER UNITED STATES GOVERNMENT-ISSUED IDENTIFIER AND THE DETAILS OF YOUR CONTRACT TRANSACTIONS INVOLVING THE UNDERLYING FUND. AN UNDERLYING FUND, IN ITS SOLE DISCRETION, MAY INSTRUCT US AT ANY TIME TO PROHIBIT YOU FROM MAKING FURTHER TRANSFERS OF CONTRACT VALUE TO OR FROM THE UNDERLYING FUND, AND WE MUST FOLLOW THIS INSTRUCTION. WE RESERVE THE RIGHT TO ADMINISTER AND COLLECT ON BEHALF OF AN UNDERLYING FUND ANY REDEMPTION FEE IMPOSED BY AN UNDERLYING FUND. MARKET TIMING POLICIES AND PROCEDURES ADOPTED BY UNDERLYING FUNDS MAY AFFECT YOUR INVESTMENT IN THE CONTRACT IN SEVERAL WAYS, INCLUDING BUT NOT LIMITED TO: - Each fund may restrict or refuse trading activity that the fund determines, in its sole discretion, represents market timing. - Even if we determine that your transfer activity does not constitute market timing under the market timing policies described above which we apply to transfers you make under the contract, it is possible that the underlying fund's market timing policies and procedures, including instructions we receive from a fund, may require us to reject your transfer request. For example, while we disregard transfers permitted under any asset allocation, dollar-cost-averaging and asset rebalancing programs that may be described in this prospectus, we cannot guarantee that an underlying fund's market timing policies and procedures will do so. Orders we place to purchase fund shares for the variable account are subject to acceptance by the fund. We reserve the right to reject without prior notice to you any transfer request if the fund does not accept our order. - Each underlying fund is responsible for its own market timing policies, and we cannot guarantee that we will be able to implement specific market timing policies and procedures that a fund has adopted. As a result, a fund's returns might be adversely affected, and a fund might terminate our right to offer its shares through the variable account. - Funds that are available as investment options under the contract may also be offered to other intermediaries who are eligible to purchase and hold shares of the fund, including without limitation, separate accounts of other insurance companies and certain retirement plans. Even if we are able to implement a fund's market timing policies, we cannot guarantee that other intermediaries purchasing that same fund's shares will do so, and the returns of that fund could be adversely affected as a result. FOR MORE INFORMATION ABOUT THE MARKET TIMING POLICIES AND PROCEDURES OF AN UNDERLYING FUND, THE RISKS THAT MARKET TIMING POSE TO THAT FUND, AND TO DETERMINE WHETHER AN UNDERLYING FUND HAS ADOPTED A REDEMPTION FEE, SEE THAT FUND'S PROSPECTUS. HOW TO REQUEST A TRANSFER OR SURRENDER 1 BY LETTER Send your name, contract number, Social Security Number or Taxpayer Identification Number* and signed request for a transfer or surrender to: RIVERSOURCE LIFE INSURANCE COMPANY 70100 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS, MN 55474 MINIMUM AMOUNT Transfers or surrenders: $250 or entire account balance MAXIMUM AMOUNT Transfers or surrenders: Contract value or entire account balance * Failure to provide your Social Security Number or Taxpayer Identification Number may result in mandatory tax withholding on the taxable portion of the distribution. 2 BY AUTOMATED TRANSFERS AND AUTOMATED PARTIAL SURRENDERS Your financial advisor can help you set up automated transfers or partial surrenders among your subaccounts or fixed account (if available). You can start or stop this service by written request or other method acceptable to us. You must allow 30 days for us to change any instructions that are currently in place. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 47 - Automated transfers to the GPAs, the fixed account or the Special DCA account are not allowed. - Automated transfers from the fixed account to the subaccounts under an automated dollar-cost averaging arrangement may not exceed an amount that, if continued, would deplete the fixed account within 12 months. - Automated surrenders may be restricted by applicable law under some contracts. - You may not make additional purchase payments if automated partial surrenders are in effect. - Automated partial surrenders may result in IRS taxes and penalties on all or part of the amount surrendered. - The balance in any account from which you make an automated transfer or automated partial surrender must be sufficient to satisfy your instructions. If not, we will suspend your entire automated arrangement until the balance is adequate. - If we must suspend your automated transfer or automated partial surrender arrangement for six months, we reserve the right to discontinue the arrangement in its entirety. - If the PN program is in effect, you are not allowed to set up automated transfers except in connection with a Special DCA account. - If you have Withdrawal Benefit rider, you may set up automated partial surrenders up to the benefit amount available for withdrawal under the rider. MINIMUM AMOUNT Transfers or surrenders: $50 MAXIMUM AMOUNT Transfers or surrenders: None (except for automated transfers from the fixed account) 3 BY TELEPHONE Call: (800) 862-7919 TTY service for the hearing impaired: (800) 285-8846 MINIMUM AMOUNT Transfers or surrenders: $250 or entire account balance MAXIMUM AMOUNT Transfers: Contract value or entire account balance Surrenders: $100,000 We answer telephone requests promptly, but you may experience delays when the call volume is unusually high. If you are unable to get through, use the mail procedure as an alternative. We will honor any telephone transfer or surrender requests that we believe are authentic and we will use reasonable procedures to confirm that they are. This includes asking identifying questions and recording calls. We will not allow a telephone surrender within 30 days of a phoned-in address change. As long as we follow the procedures, we (and our affiliates) will not be liable for any loss resulting from fraudulent requests. Telephone transfers or surrenders are automatically available. You may request that telephone transfers or surrenders not be authorized from your account by writing to us. SURRENDERS You may surrender all or part of your contract at any time before annuity payouts begin by sending us a written request or calling us. We will process your surrender request on the valuation date we receive it. If we receive your surrender request at our corporate office in good order before the close of business, we will process your surrender using the accumulation unit value we calculate on the valuation date we received your surrender request. If we receive your surrender request at our corporate office at or after the close of business, we will process your surrender using the accumulation unit value we calculate on the next valuation date after we received your surrender request. We may ask you to return the contract. You may have to pay a contract administrative charge, surrender charges, or any applicable optional rider charges (see "Charges") and IRS taxes and penalties (see "Taxes"). You cannot make surrenders after annuity payouts begin except under Plan E (see "The Annuity Payout Period -- Annuity Payout Plans"). Any partial surrenders you take under the contract will reduce your contract value. As a result, the value of your death benefit or any optional benefits you have elected also will be reduced. If you have elected the Withdrawal Benefit rider and your partial surrenders in any contract year exceed the permitted surrender amount under the terms of the Withdrawal Benefit rider, your benefits under the rider may be reduced (see "Optional Benefits -- Guaranteed Minimum Withdrawal Benefit"). Any 48 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS partial surrender request that exceeds the amount allowed under the riders and impacts the guarantees provided, will not be considered in good order until we receive a signed Benefit Impact Acknowledgement form showing the projected effect of the surrender on the rider benefits or a verbal acknowledgement that you understand and accept the impacts that have been explained to you. In addition, surrenders you are required to take to satisfy the RMDs under the Code may reduce the value of certain death benefits and optional benefits (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). SURRENDER POLICIES If you have a balance in more than one account and you request a partial surrender, we will withdraw money from all your subaccounts and/or the fixed account, in the same proportion as your value in each account correlates to your total contract value, less any GPA or Special DCA account, unless you request otherwise. We will not withdraw money for a partial surrender from any GPAs or Special DCA account you may have, unless insufficient amounts are available from your subaccounts and/or fixed account. However, you may request specifically surrender from a GPA or Special DCA account. The minimum contract value after partial surrender is $600. RECEIVING PAYMENT 1 BY REGULAR OR EXPRESS MAIL - payable to you; - mailed to address of record. NOTE: We will charge you a fee if you request express mail delivery. 2 BY WIRE - request that payment be wired to your bank; - bank account must be in the same ownership as your contract; and - pre-authorization required. NOTE: We will charge you a fee if you request that payment be wired to your bank. For instructions, please contact your financial advisor. Normally, we will send the payment within seven days after receiving your request in good order. However, we may postpone the payment if: - the surrender amount includes a purchase payment check that has not cleared; - the NYSE is closed, except for normal holiday and weekend closings; - trading on the NYSE is restricted, according to SEC rules; - an emergency, as defined by SEC rules, makes it impractical to sell securities or value the net assets of the accounts; or - the SEC permits us to delay payment for the protection of security holders. TSA -- SPECIAL PROVISIONS PARTICIPANTS IN TAX-SHELTERED ANNUITIES If the contract is intended to be used in connection with an employer sponsored 403(b) plan, additional rules relating to this contract can be found in the annuity endorsement for tax sheltered 403(b) annuities. Unless we have made special arrangements with your employer, the contract is not intended for use in connection with an employer sponsored 403(b) plan that is subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). In the event that the employer either by affirmative election or inadvertent action causes contributions under a plan that is subject to ERISA to be made to this contract, we will not be responsible for any obligations and requirements under ERISA and the regulations thereunder, unless we have prior written agreement with the employer. You should consult with your employer to determine whether your 403(b) plan is subject to ERISA. In the event we have a written agreement with your employer to administer the plan pursuant to ERISA, special rules apply as set forth in the TSA endorsement. The employer must comply with certain nondiscrimination requirements for certain types of contributions under a TSA contract to be excluded from taxable income. You should consult your employer to determine whether the nondiscrimination rules apply to you. The Code imposes certain restrictions on your right to receive early distributions from a TSA: - Distributions attributable to salary reduction contributions (plus earnings) made after Dec. 31, 1988, or to transfers or rollovers from other contracts, may be made from the TSA only if: RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 49 - you are at least age 59 1/2; - you are disabled as defined in the Code; - you severed employment with the employer who purchased the contract; - the distribution is because of your death; - the distribution is due to plan termination; or - you are a military reservist. - If you encounter a financial hardship (as provided by the Code), you may be eligible to receive a distribution of all contract values attributable to salary reduction contributions made after Dec. 31, 1988, but not the earnings on them. - Even though a distribution may be permitted under the above rules, it may be subject to IRS taxes and penalties (see "Taxes"). - The above restrictions on distributions do not affect the availability of the amount credited to the contract as of Dec. 31, 1988. The restrictions also do not apply to transfers or exchanges of contract value within the contract, or to another registered variable annuity contract or investment vehicle available through the employer. - If the contract has a loan provision, the right to receive a loan is described in detail in your contract. Loans will not be available if you have selected the Withdrawal Benefit or Accumulation Benefit rider. CHANGING OWNERSHIP You may change ownership of your nonqualified annuity at any time by completing a change of ownership form we approve and sending it to our corporate office. If you are a natural person and you own a nonqualified annuity, you may change the annuitant or successor annuitant if the request is made before annuity payments begin and while the existing annuitant is living. The change will become binding on us when we receive and record it. We will honor any change of ownership request received in good order that we believe is authentic and we will use reasonable procedures to confirm authenticity. If we follow these procedures, we will not take any responsibility for the validity of the change. Please consider carefully whether or not you wish to change ownership of your nonqualified annuity if you have elected the ROPP, MAV, 5-Year MAV, EEB, EEP, Accumulation Benefit or Withdrawal Benefit. If you change ownership of your contract, we will terminate the ROPP and EEP. This includes both the EEP Part I benefits and the EEP Part II benefits. (See the description of these terms in "Optional Benefits".) In addition, the terms of the EEB, MAV and the 5-Year MAV will change due to a change of ownership. If the new owner is older than age 75, the EEB will terminate. Otherwise, the EEB will effectively "start over." We will treat the EEB as if it is issued on the day the change of ownership is made, using the attained age of the new owner as the "issue age" to determine the benefit levels. The account value on the date of the ownership change will be treated as a "purchase payment" in determining future values of "earnings at death" under the EEB. If the new owner is older than age 75, the MAV and 5-Year MAV will terminate. If the MAV or the 5-Year MAV on the date of ownership change is greater than the account value on the date of the ownership change, we will set the MAV or the 5-Year MAV equal to the account value. Otherwise, the MAV or the 5-Year MAV value will not change due to a change in ownership. The Accumulation Benefit rider and the Withdrawal Benefit rider will continue upon change of ownership. Please see the descriptions of these riders in "Optional Benefits." The rider charges described in "Charges" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force) for any rider that continues after a change of ownership. We reserve the right to assess charges for the number of days the rider was in force for any rider that is terminated due to a change of ownership. If you have a nonqualified annuity, you may incur income tax liability by transferring, assigning or pledging any part of it. (See "Taxes.") If you have a qualified annuity, you may not sell, assign, transfer, discount or pledge your contract as collateral for a loan, or as security for the performance of an obligation or for any other purpose except as required or permitted by the Code. However, if the owner is a trust or custodian, or an employer acting in similar capacity, ownership of the contract may be transferred to the annuitant. BENEFITS IN CASE OF DEATH -- STANDARD DEATH BENEFIT We will pay the death benefit to your beneficiary upon your death. If a contract has more than one person as the owner, we will pay benefits upon the first to die of any owner. If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary as follows: If you are age 75 or younger on the date we issue the contract, the beneficiary receives the greater of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or 50 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS - purchase payments minus adjusted partial surrenders. If you are age 76 or older on the date we issue the contract, the beneficiary receives the contract value, less any purchase payment credits subject to reversal, less any applicable rider charges. ADJUSTED PARTIAL SURRENDERS = PS XDB ------- CV
PS = the partial surrender including any applicable surrender charge. DB = the death benefit on the date of (but prior to) the partial surrender. CV = the contract value on the date of (but prior to) the partial surrender. EXAMPLE OF STANDARD DEATH BENEFIT CALCULATION WHEN YOU ARE AGE 75 OR YOUNGER ON THE CONTRACT EFFECTIVE DATE: - You purchase the contract with a payment of $20,000. - During the second contract year the contract value falls to $18,000, at which point you take a $1,500 partial surrender, leaving a contract value of $16,500. We calculate the death benefit as follows: The total purchase payments minus adjustments for partial surrenders: Total purchase payments $20,000 minus adjusted partial surrenders, calculated as: $1,500 x $20,000 $18,000 = -1,667 ------- for a death benefit of: $18,333
IF YOU DIE BEFORE YOUR SETTLEMENT DATE When paying the beneficiary, we will process the death claim on the valuation date that our death claim requirements are fulfilled. We will determine the contract's value using the accumulation unit value we calculate on that valuation date. The death benefit will never be less than the surrender value adjusted by the MVA formula. We pay interest, if any, at a rate no less than required by law. If requested, we will mail payment to the beneficiary within seven days after our death claim requirements are fulfilled. NONQUALIFIED ANNUITIES If your spouse is sole beneficiary and you die before the settlement date, your spouse may keep the contract as owner with the contract value equal to the death benefit that would otherwise have been paid. To do this your spouse must give us written instructions to continue the contract as owner. If your spouse elects to continue the contract as owner, the following describes the standard death benefit: - If your spouse was age 75 or younger as of the date we issued the contract, the beneficiary of your spouse's contract receives the greater of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or - purchase payments minus adjusted partial surrenders. If your spouse was age 76 or older as of the date we issued the contract, the beneficiary of your spouse's contract receives the contract value, less any purchase payment credits subject to reversal, less any applicable rider charges. If you elected any optional contract features or riders, your spouse and the new annuitant (if applicable) will be subject to all limitations and/or restrictions of those features or riders. We will not waive surrender charges on contracts continued under the spousal continuation provision. If your beneficiary is not your spouse, we will pay the beneficiary in a lump sum unless you give us other written instructions. Generally, we must fully distribute the death benefit within five years of your death. However, the beneficiary may receive payouts under any annuity payout plan available under this contract if: - the beneficiary asks us in writing within 60 days after the day on which all documents have been received that prove your death has occurred; and - payouts begin no later than one year after your death, or other date as permitted by the IRS; and - the payout period does not extend beyond the beneficiary's life or life expectancy. QUALIFIED ANNUITIES - SPOUSE BENEFICIARY: If you have not elected an annuity payout plan, and if your spouse is the sole beneficiary, your spouse may either elect to treat the contract as his/her own, so long as he/she is eligible to do so, with the contract value equal to RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 51 the death benefit that would otherwise have been paid or elect an annuity payout plan or another plan agreed to by us. If your spouse elects to treat the contract as his/her own, the following describes the standard death benefit: - If your spouse was 75 or younger as of the date we issued the contract, the beneficiary of your spouse's contract receives the greater of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or - purchase payments minus adjusted partial surrenders. If your spouse was age 76 or older as of the date we issued the contract, the beneficiary of your spouse's contract receives the contract value, less any purchase payment credits subject to reversal, less any applicable rider charges. If your spouse elects a payout plan, the payouts must begin no later than the year in which you would have reached age 70 1/2. If you attained age 70 1/2 at the time of death, payouts must begin no later than Dec. 31 of the year following the year of your death. If you elected any optional contract features or riders, your spouse and the new annuitant (if applicable) will be subject to all limitations and/or restrictions of those features or riders just as if they were purchasing a new contract. We will not waive surrender charges on contracts continued under the spousal continuation provision. - NON-SPOUSE BENEFICIARY: If you have not elected an annuity payout plan, and if death occurs prior to the year you would have attained age 70 1/2, the beneficiary may elect to receive payouts from the contract over a five year period. If your beneficiary does not elect a five year payout, or if your death occurs after attaining age 70 1/2, we will pay the beneficiary in a lump sum unless the beneficiary elects to receive payouts under any payout plan available under this contract if: - the beneficiary asks us in writing within 60 days after the day on which all documents have been received that prove your death has occurred; and - payouts begin no later than one year following the year of your death; and - the payout period does not extend beyond the beneficiary's life or life expectancy. Additionally, any optional riders, if selected, will terminate. In the event of your beneficiary's death, their beneficiary can elect to take a lump sum payment or to continue the alternative payment plan following the schedule of minimum withdrawals established based on the life expectancy of your beneficiary. - ANNUITY PAYOUT PLAN: If you elect an annuity payout plan, the payouts to your beneficiary will continue pursuant to the annuity payout plan you elect. DEATH BENEFIT PAYMENT IN A LUMP SUM: We may pay all or part of the death benefit to your beneficiary in a lump sum under either a nonqualified or qualified annuity. We pay all proceeds by check (unless the beneficiary has chosen to have death benefit proceeds directly deposited into another Ameriprise Financial, Inc. account). If the beneficiary chooses the checking account option, the proceeds will be deposited into an interest bearing checking account issued by Ameriprise Bank, FSB, member FDIC unless the beneficiary fails to meet the requirements of using this option. OPTIONAL BENEFITS The assets held in our general account support the guarantees under your contract, including optional death benefits and optional living benefits. To the extent that we are required to pay you amounts in addition to your contract value under these benefits, such amounts will come from our general account assets. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of insurance and financial products as well, and we also pay our obligations under these products from assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. OPTIONAL DEATH BENEFITS RETURN OF PURCHASE PAYMENTS DEATH BENEFIT (ROPP) The ROPP is intended to provide additional death benefit protection in the event of fluctuating fund values. This is an optional benefit that you may select for an additional annual charge (see "Charges"). If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary the greater of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or - purchase payments minus adjusted partial surrenders. ADJUSTED PARTIAL SURRENDERS FOR THE ROPP DEATH BENEFIT = PS X DB --------- CV
PS = the partial surrender including any applicable surrender charge. 52 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS DB = the death benefit on the date of (but prior to) the partial surrender. CV = the contract value on the date of (but prior to) the partial surrender. The death benefit will never be less than the surrender value adjusted by the MVA formula. If you are age 76 or older at contract issue, you may choose to add the ROPP to your contract. Generally, you must elect the ROPP at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the ROPP may be after we issue the contract according to terms determined by us and at our sole discretion. We reserve the right to discontinue offering the ROPP for new contracts. When annuity payouts begin, or if you terminate the contract for any reason other than death, this rider will terminate. TERMINATING THE ROPP - You may terminate the ROPP rider within 30 days of the first contract anniversary after the rider effective date. - You may terminate the ROPP rider within 30 days of any contract anniversary beginning with the seventh contract anniversary. - The ROPP rider will terminate when you make a full surrender from the contract or when annuity payouts begin. If you terminate the ROPP, the standard death benefit applies. For an example, see Appendix C. IF YOUR SPOUSE IS THE SOLE BENEFICIARY, he or she may keep the contract as owner with the contract value equal to the death benefit that would otherwise been paid under the ROPP. To do this your spouse must, on the date our death claim requirements are fulfilled, give us written instructions to keep the contract in force. IF YOUR SPOUSE WAS AGE 76 OR OLDER AS OF THE DATE WE ISSUED THE CONTRACT, he or she may choose to continue the ROPP. In that case, the ROPP rider charges described in "Charges -- ROPP Rider Fee" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary. Your spouse also has the option of discontinuing the ROPP rider within 30 days of the date he or she elects to continue the contract. If your spouse was age 75 or younger as of the date we issued the contract, the ROPP will terminate. NOTE: For special tax considerations associated with the ROPP, see "Taxes." MAXIMUM ANNIVERSARY VALUE DEATH BENEFIT (MAV) The MAV is intended to provide additional death benefit protection in the event of fluctuating fund values. This is an optional benefit that you may select for an additional annual charge (see "Charges"). The MAV does not provide any additional benefit before the first contract anniversary after the rider effective date. The MAV may be of less value if you are older since we stop resetting the maximum anniversary value at age 81. Although we stop resetting the maximum anniversary value at age 81, the MAV rider fee continues to apply until the rider terminates. In addition, the MAV does not provide any additional benefit with respect to the GPAs, fixed account or Special DCA account during the time you have amounts allocated to these accounts. Be sure to discuss with your financial advisor whether or not the MAV is appropriate for your situation. If you are age 75 or younger at contract issue, you may choose to add the MAV to your contract. Generally, you must elect the MAV at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the MAV may be after we issue the contract according to terms determined by us and at our sole discretion. We reserve the right to discontinue offering the MAV for new contracts. On the first contract anniversary after the rider effective date we set the maximum anniversary value equal to the highest of your (a) current contract value, or (b) total purchase payments minus adjusted partial surrenders. Every contract anniversary after that, through age 80, we compare the previous anniversary's maximum anniversary value plus subsequent purchase payments less subsequent adjusted partial surrenders to the current contract value and we reset the maximum anniversary value to the higher of these values. We stop resetting the maximum anniversary value at age 81. However, we continue to add subsequent purchase payments and subtract adjusted partial surrenders from the maximum anniversary value. If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary the greatest of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or - purchase payments minus adjusted partial surrenders; or - the maximum anniversary value as calculated on the most recent contract anniversary plus subsequent purchase payments made to the contract minus adjustments for partial surrenders since that contract anniversary. The death benefit will never be less than the surrender value adjusted by the MVA formula. TERMINATING THE MAV - You may terminate the MAV rider within 30 days of the first contract anniversary after the rider effective date. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 53 - You may terminate the MAV rider within 30 days of any contract anniversary beginning with the seventh contract anniversary. - The MAV rider will terminate when you make a full surrender from the contract or when annuity payouts begin. - The MAV rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older. If you terminate the MAV, the standard death benefit applies. For an example, see Appendix C. IN GENERAL, IF YOUR SPOUSE IS THE SOLE BENEFICIARY, your spouse may choose to continue the contract as the contract owner. The contract value will be equal to the death benefit that would otherwise have been paid under the MAV. To do this your spouse must, within 60 days after our death claim requirements are fulfilled, give us written instructions to keep the contract in force. If your spouse has reached age 76 at the time he or she elects to continue the contract, the MAV rider will terminate. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract, he or she may choose to continue the MAV rider. In this case, the rider charges described in "Charges" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the MAV rider. If, at the time he or she elects to continue the contract, your spouse has not yet reached age 76 and chooses not to continue the MAV rider, the contract value will be increased to the MAV death benefit amount if it is greater than the contract value on the death benefit valuation date. MAXIMUM FIVE YEAR ANNIVERSARY VALUE DEATH BENEFIT (5-YEAR MAV) The 5-Year MAV is intended to provide additional death benefit protection in the event of fluctuating fund values. This is an optional benefit that you may select for an additional annual charge (see "Charges"). The 5-Year MAV does not provide any additional benefit before the fifth contract anniversary after the rider effective date. The 5-Year MAV may be of less value if you are older since we stop resetting the maximum anniversary value at age 81. Although we stop resetting the maximum five year anniversary value at age 81, the 5-Year MAV rider fee continues to apply until the rider terminates. In addition, the 5-Year MAV does not provide any additional benefit with respect to the GPAs, fixed account or Special DCA account during the time you have amounts allocated to these accounts. Be sure to discuss with your financial advisor whether or not the 5-Year MAV is appropriate for your situation. If you are age 75 or younger at contract issue, you may choose to add the 5-Year MAV to your contract. Generally, you must elect the 5-Year MAV at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the 5-Year MAV may be after we issue the contract according to terms determined by us and at our sole discretion. We reserve the right to discontinue offering the 5-Year MAV for new contracts. On the fifth contract anniversary after the rider effective date we set the maximum anniversary value equal to the highest of your (a) current contract value, or (b) total purchase payments minus adjusted partial surrenders. Every fifth contract anniversary after that, through age 80, we compare the previous 5-year anniversary's maximum anniversary value plus subsequent purchase payments less subsequent adjusted partial surrenders to the current contract value and we reset the maximum anniversary value to the higher of these values. We stop resetting the maximum anniversary value at age 81. However, we continue to add subsequent purchase payments and subtract adjusted partial surrenders from the maximum anniversary value. If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary the greatest of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or - purchase payments minus adjusted partial surrenders; or - the maximum anniversary value as calculated on the most recent fifth contract anniversary plus subsequent purchase payments made to the contract minus adjustments for partial surrenders since that contract anniversary. The death benefit will never be less than the surrender value adjusted by the MVA formula. TERMINATING THE 5-YEAR MAV - You may terminate the 5-Year MAV rider within 30 days of the first contract anniversary after the rider effective date. - You may terminate the 5-Year MAV rider within 30 days of any contract anniversary beginning with the seventh contract anniversary. - The 5-Year MAV rider will terminate when you make a full surrender from the contract or when annuity payouts begin. - The 5-Year MAV rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older. If you terminate the 5-Year MAV, the standard death benefit applies. For an example, see Appendix C. 54 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS IN GENERAL, IF YOUR SPOUSE IS THE SOLE BENEFICIARY, your spouse may choose to continue the contract as the contract owner. The contract value will be equal to the death benefit that would otherwise have been paid under the 5-Year MAV. To do this your spouse must within 60 days after our death claim requirements are fulfilled, give us written instructions to keep the contract in force. If your spouse has reached age 76 at the time he or she elects to continue the contract, the 5-Year MAV rider will terminate. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract, he or she may choose to continue the 5-Year MAV rider. In this case, the rider charges described in "Charges" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the 5-Year MAV rider. If, at the time he or she elects to continue the contract, your spouse has not yet reached age 76 and chooses not to continue the 5-Year MAV rider, the contract value will be increased to the 5- Year MAV death benefit amount if it is greater than the contract value on the death benefit valuation date. ENHANCED EARNINGS DEATH BENEFIT (EEB) The EEB is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. This is an optional benefit that you may select for an additional annual charge (see "Charges"). The EEB provides for reduced benefits if you are age 70 or older at the rider effective date and it does not provide any additional benefit before the first contract anniversary. The EEB also may result in reduced benefits if you take RMDs (see "Taxes -- Qualified Annuities -- Required Minimum Distributions") from your qualified annuity or any partial surrenders during the life of your contract, both of which may reduce contract earnings. This is because the benefit paid by the EEB is determined by the amount of earnings at death. Be sure to discuss with your financial advisor and your tax advisor whether or not the EEB is appropriate for your situation. If you are age 75 or younger at the rider effective date, you may choose to add the EEB to your contract. Generally, you must elect the EEB at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the EEB may be after we issue the contract according to terms determined by us and at our sole discretion. You may not select this rider if you select the EEP. We reserve the right to discontinue offering the EEB for new contracts. The EEB provides that if you die after the first contract anniversary, but before annuity payouts begin, and while this contract is in force, we will pay the beneficiary: - the standard death benefit amount (see "Benefits in Case of Death -- Standard Benefit"), the MAV death benefit amount, if applicable, or the 5-Year MAV death benefit amount, if applicable; PLUS - 40% of your earnings at death if you were under age 70 on the rider effective date; or - 15% of your earnings at death if you were age 70 or older on the rider effective date. Additional death benefits payable under the EEB are not included in the adjusted partial surrender calculation. EARNINGS AT DEATH FOR THE EEB AND EEP: If the rider effective date for the EEB or EEP is the contract issue date, earnings at death is an amount equal to: - the standard death benefit amount, the MAV death benefit amount, or the 5- Year MAV death benefit amount if applicable (the "death benefit amount") - MINUS purchase payments not previously surrendered. The earnings at death may not be less than zero and may not be more than 250% of the purchase payments not previously surrendered that are one or more years old. If the rider effective date for the EEB is AFTER the contract issue date, earnings at death is an amount equal to the death benefit amount - MINUS the greater of: - the contract value as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that contract value since that rider effective date; or - an amount equal to the death benefit amount as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that death benefit amount since that rider effective date - PLUS any purchase payments made on or after the EEB rider effective date not previously surrendered. The earnings at death may not be less than zero and may not be more than 250% multiplied by: - the greater of: - the contract value as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that contract value since that rider effective date; or RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 55 - an amount equal to the death benefit amount as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that death benefit amount since that rider effective date - PLUS any purchase payments made on or after the EEB rider effective date not previously surrendered that are one or more years old. TERMINATING THE EEB - You may terminate the EEB rider within 30 days of the first contract anniversary after the rider effective date. - You may terminate the EEB rider within 30 days of any contract anniversary beginning with the seventh contract anniversary after the rider effective date. - The EEB rider will terminate when you make a full surrender from the contract or when annuity payouts begin. - The EEB rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older. For an example, see Appendix C. IN GENERAL, IF YOUR SPOUSE IS THE SOLE BENEFICIARY, and your spouse chooses to continue the contract as the contract owner, we will pay an amount into the contract so that the contract value equals the total death benefit payable under the EEB. If the spouse is age 76 or older at the time he or she elects to continue the contract, then the EEB rider will terminate. If your spouse is less than age 76 at the time he or she elects to continue the contract, he or she may choose to continue the EEB. In this case, the following conditions will apply: - the EEB rider will continue, but we will treat the new contract value on the date the ownership of the contract changes to your spouse (after the additional amount is paid into the contract) as if it is a purchase payment in calculating future values of "earnings at death." - the percentages of "earnings at death" payable will be based on your spouse's age at the time he or she elects to continue the contract. - the EEB rider charges described in "Charges -- EEB Rider Fee" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the EEB rider. NOTE: For special tax considerations associated with the EEB, see "Taxes." ENHANCED EARNINGS PLUS DEATH BENEFIT (EEP) The EEP is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. This is an optional benefit that you may select for an additional annual charge (see "Charges"). The EEP provides for reduced benefits if you are age 70 or older at the rider effective date. It does not provide any additional benefit before the first contract anniversary and it does not provide any benefit beyond what is offered under the EEB during the second contract year. The EEP also may result in reduced benefits if you take RMDs (see "Taxes -- Qualified Annuities -- Required Minimum Distributions") from your qualified annuity or any partial surrenders during the life of your contract, both of which may reduce contract earnings. This is because part of the benefit paid by the EEP is determined by the amount of earnings at death. Be sure to discuss with your sales representative and your tax advisor whether or not the EEP is appropriate for your situation. If this EEP rider is available in your state and you are age 75 or younger at contract issue, you may choose to add the EEP to your contract. You must elect the EEP at the time you purchase your contract and your rider effective date will be the contract issue date. THIS RIDER IS ONLY AVAILABLE UNDER ANNUITIES PURCHASED THROUGH AN EXCHANGE OR DIRECT TRANSFER FROM ANOTHER ANNUITY OR A LIFE INSURANCE POLICY. You may not select this rider if you select the EEB. We reserve the right to discontinue offering the EEP for new contracts. The EEP provides that if you die after the first contract anniversary, but before annuity payouts begin, and while this contract is in force, we will pay the beneficiary: - EEP Part I benefits, which equal the benefits payable under the EEB described above; PLUS - EEP Part II benefits, which equal a percentage of exchange purchase payments identified at issue not previously surrendered as follows:
PERCENTAGE IF YOU ARE PERCENTAGE IF YOU ARE CONTRACT YEAR UNDER AGE 70 ON THE RIDER EFFECTIVE DATE 70 OR OLDER ON THE RIDER EFFECTIVE DATE One and Two 0% 0% Three and Four 10% 3.75% Five or more 20% 7.5%
56 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS Additional death benefits payable under the EEP are not included in the adjusted partial surrender calculation. If after 6 months, no exchange purchase payments have been received, we will contact you and you will have an additional 30 days to follow-up on exchange purchase payments identified at issue but not received by us. If after these 30 days we have not received any exchange purchase payments, we will convert the EEP rider into an EEB. Another way to describe the benefits payable under the EEP rider is as follows: - the standard death benefit amount (see "Benefits in Case of Death -- Standard Death Benefit"), the MAV death benefit amount, or 5-Year MAV death benefit amount, if applicable, PLUS
IF YOU ARE UNDER AGE 70 IF YOU ARE AGE 70 CONTRACT YEAR ON THE RIDER EFFECTIVE DATE, ADD . . . OR OLDER ON THE RIDER EFFECTIVE DATE, ADD . . . 1 Zero Zero 2 40% x earnings at death (see above) 15% x earnings at death 3 & 4 40% x (earnings at death + 25% of exchange 15% x (earnings at death + 25% of exchange purchase payment*) purchase payment*) 5+ 40% x (earnings at death + 50% of exchange 15% x (earnings at death + 50% of exchange purchase payment*)
* Exchange purchase payments are purchase payments exchanged from another annuity or a life insurance policy that are identified at issue and not previously surrendered. We are not responsible for identifying exchange purchase payments if we did not receive proper notification from the company from which the purchase payments are exchanged. TERMINATING THE EEP - You may terminate the EEP rider within 30 days of the first contract anniversary after the rider effective date. - You may terminate the EEP rider within 30 days of any contract anniversary beginning with the seventh contract anniversary. - The EEP rider will terminate when you make a full surrender from the contract or when annuity payouts begin. - The EEP rider will terminate in the case of an ownership change. - The EEP rider will terminate in the case of the spousal continuation if the new owner is age 76 or older. For an example, see Appendix C. IN GENERAL, IF YOUR SPOUSE IS THE SOLE BENEFICIARY, and your spouse chooses to continue the contract as the contract owner, we will pay an amount into the contract so that the contract value equals the total death benefit payable under the EEP. If your spouse has reached age 76 at the time he or she elects to continue the contract, the EEP rider will terminate. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract, he or she cannot continue the EEP. However, he or she may choose to convert the EEP rider into an EEB. In this case, the following conditions will apply: - the EEB rider will treat the new contract value on the date the ownership of the contract changes to your spouse (after the additional amount is paid into the contract) as if it is a purchase payment in calculating future values of "earnings at death." - the percentages of "earnings at death" payable will be based on your spouse's age at the time he or she elects to continue the contract. - the EEB rider charges described in "Charges -- EEB Rider Fee" will be assessed at the next contract anniversary (and all future anniversaries when the EEB rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the EEP rider. If your spouse chooses not to convert the EEP rider into an EEB, the standard death benefit amount (or the MAV or 5-Year MAV death benefit amount, if applicable,) will apply. NOTE: For special tax considerations associated with the EEP, see "Taxes." OPTIONAL LIVING BENEFITS GUARANTEED MINIMUM ACCUMULATION BENEFIT (ACCUMULATION BENEFIT) RIDER The Accumulation Benefit rider is an optional benefit that you may select for an additional charge. It is available for nonqualified and qualified annuities except under 401(a) and 401(k) plans. The Accumulation Benefit rider specifies a waiting period that ends on the benefit date. The Accumulation Benefit rider provides a one-time adjustment to your contract value on the benefit date if your contract value is less than the Minimum Contract Accumulation Value (defined below) on that benefit date. If the contract value falls to zero as the result of adverse market performance or the deduction of fees and/or charges at any time during the waiting period and before the benefit date, the contract and all riders, including the Accumulation Benefit rider will terminate without value and no benefits will be paid. EXCEPTION: if you are still living on the benefit date, we will RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 57 pay you an amount equal to the Minimum Contract Accumulation Value as determined under the Accumulation Benefit rider on the valuation date your contract value reached zero. If you are 80 or younger at contract issue, you may elect the Accumulation Benefit at the time you purchase your contract and the rider effective date will be the contract issue date. The Accumulation Benefit rider may not be terminated once you have elected it except as described in the "Terminating the Rider" section below. An additional charge for the Accumulation Benefit rider will be assessed annually during the waiting period. The rider ends when the waiting period expires and no further benefit will be payable and no further charges for the rider will be deducted. The Accumulation Benefit rider may not be purchased with the optional Withdrawal Benefit rider. The rider ends when the waiting period expires and no further benefit will be payable and no further charges for the rider will be deducted. After the waiting period, you have the following options: - Continue your contract; - Take partial surrenders or make a full surrender; or - Annuitize your contract. The Accumulation Benefit rider may not be available in all states. You should consider whether a Accumulation Benefit rider is appropriate for you because: - you must participate in the PN program and you must be invested in one of the available investment options. This requirement limits your choice of investments. This means you will not be able to allocate contract value to all of the subaccounts, GPAs or the fixed account that are available under the contract to other contract owners who do not elect this rider. You may allocate qualifying purchase payments and applicable payment credits to the Special DCA account, when available (see "The Special DCA Account"), and we will make monthly transfers into the investment option you have chosen. (See "Making the Most of Your Contract -- Portfolio Navigator Program"); - you may not make additional purchase payments to your contract during the waiting period after the first 180 days immediately following the effective date of the Accumulation Benefit rider. Some exceptions apply (see "Additional Purchase Payments with Elective Step Up" below); - if you purchase this contract as a qualified annuity, for example, an IRA, you may need to take partial surrenders from your contract to satisfy the RMDs under the Code. Partial surrenders, including those used to satisfy RMDs, will reduce any potential benefit that the Accumulation Benefit rider provides. You should consult your tax advisor if you have any questions about the use of this rider in your tax situation; - if you think you may surrender all of your contract value before you have held your contract with this benefit rider attached for 10 years, or you are considering selecting an annuity payout option within 10 years of the effective date of your contract, you should consider whether this optional benefit is right for you. You must hold the contract a minimum of 10 years from the effective date of the Accumulation Benefit rider, which is the length of the waiting period under the Accumulation Benefit rider, in order to receive the benefit, if any, provided by the Accumulation Benefit rider. In some cases, as described below, you may need to hold the contract longer than 10 years in order to qualify for any benefit the Accumulation Benefit rider may provide; - the 10 year waiting period under the Accumulation Benefit rider will restart if you exercise the elective step-up option (described below) or your surviving spouse exercises the spousal continuation elective step-up (described below); and - the 10 year waiting period under the Accumulation Benefit rider may be restarted if you elect to change your PN program investment option to one that causes the Accumulation Benefit rider charge to increase (see "Charges"). Be sure to discuss with your sales representative whether an Accumulation Benefit rider is appropriate for your situation. HERE ARE SOME GENERAL TERMS THAT ARE USED TO DESCRIBE THE OPERATION OF THE ACCUMULATION BENEFIT: BENEFIT DATE: This is the first valuation date immediately following the expiration of the waiting period. MINIMUM CONTRACT ACCUMULATION VALUE (MCAV): An amount calculated under the Accumulation Benefit rider. The contract value will be increased to equal the MCAV on the benefit date if the contract value on the benefit date is less than the MCAV on the benefit date. ADJUSTMENTS FOR PARTIAL SURRENDERS: The adjustment made for each partial surrender from the contract is equal to the amount derived from multiplying (a) and (b) where: (a) is 1 minus the ratio of the contract value on the date of (but immediately after) the partial surrender to the contract value on the date of (but immediately prior to) the partial surrender; and (b) is the MCAV on the date of (but immediately prior to) the partial surrender. WAITING PERIOD: The waiting period for the rider is 10 years. We reserve the right to restart the waiting period on the latest contract anniversary if you change your PN program investment option after we have exercised our rights to increase the rider fee. 58 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS Your initial MCAV is equal to your initial purchase payment and any purchase payment credit. It is increased by the amount of any subsequent purchase payments and purchase payment credits received within the first 180 days that the rider is effective. It is reduced by any adjustments for partial surrenders made during the waiting period. AUTOMATIC STEP UP On each contract anniversary after the effective date of the rider, the MCAV will be set to the greater of: 1. 80% of the contract value on the contract anniversary; or 2. the MCAV immediately prior to the automatic step up. The automatic step up does not create contract value, guarantee the performance of any investment option, or provide a benefit that can be surrendered or paid upon death. Rather, the Automatic Step Up is an interim calculation used to arrive at the final MCAV, which is used to determine whether a benefit will be paid under the rider on the benefit date. The automatic step up of the MCAV does not restart the waiting period or increase the charge (although the total fee for the rider may increase). ELECTIVE STEP UP OPTION Within thirty days following each contract anniversary after the rider effective date, but prior to the benefit date, you may notify us in writing that you wish to exercise the annual elective step up option. You may exercise this elective step up option only once per contract year during this 30 day period. If your contract value on the valuation date we receive your written request to step up is greater than the MCAV on that date, your MCAV will increase to 100% of that contract value. We may increase the fee for your rider (see "Charges - Accumulation Benefit Rider Charge"). The revised fee would apply to your rider if you exercise the annual elective step up, your MCAV is increased as a result, and the revised fee is higher than your annual rider fee before the elective step up. Elective step ups will also result in a restart of the waiting period as of the most recent contract anniversary. The elective step up does not create contract value, guarantee the performance of any investment option or provide any benefit that can be surrendered or paid upon death. Rather the elective step up is an interim calculation used to arrive at the final MCAV, which is used to determine whether a benefit will be paid under the rider on the benefit date. The elective step up option is not available to non-spouse beneficiaries that continue the contract during the waiting period. ADDITIONAL PURCHASE PAYMENTS WITH ANNUAL ELECTIVE STEP UPS If your MCAV is increased as a result of elective step up, you have 180 days from the latest contract anniversary to make additional purchase payments, if allowed under the base contract. The MCAV will include the amount of any additional purchase payments and purchase payment credits (if applicable) received during this period. SPOUSAL CONTINUATION If a spouse chooses to continue the contract under the spousal continuation provision, the rider will continue as part of the contract. Once, within the thirty days following the date of spousal continuation, the spouse may choose to exercise an elective step up. The spousal continuation elective step up is in addition to the annual elective step up. If the contract value on the valuation date we receive the written request to exercise this option is greater than the MCAV on that date, we will increase the MCAV to that contract value. If the MCAV is increased as a result of the elective step up and we have increased the charge for the Accumulation Benefit rider, the spouse will pay the charge that is in effect on the valuation date we receive their written request to step up for the entire contract year. In addition, the waiting period will restart as of the most recent contract anniversary. TERMINATING THE RIDER The rider will terminate under the following conditions: The rider will terminate before the benefit date without paying a benefit on the date: - you take a full surrender; or - annuitization begins; or - the contract terminates as a result of the death benefit being paid. The rider will terminate on the benefit date. For an example, see Appendix C. GUARANTEED MINIMUM WITHDRAWAL BENEFIT RIDER (WITHDRAWAL BENEFIT AND ENHANCED WITHDRAWAL BENEFIT) The Withdrawal Benefit rider is an optional benefit that you may select for an additional annual charge if you are 80 or younger on the date the contract is issued. It is available for nonqualified and qualified annuities except under 401 (a) and 401 (k) plans.(1) (1) The Withdrawal Benefit rider is not available under an inherited qualified annuity. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 59 You must have elected the Withdrawal Benefit rider when you purchased your contract (original rider). The original rider you received at contract issue offers an elective annual step-up and any withdrawal after a step up during the first three contract years is considered an excess withdrawal, as described below. The rider effective date of the original rider is the contract issue date. We offered you the option of replacing the original rider with a new Withdrawal Benefit (enhanced rider). The enhanced rider offers an automatic annual step-up and a withdrawal after a step up during the first three contract years is not necessarily an excess withdrawal, as described below. The effective date of the enhanced rider will be the contract issue date except for the automatic step-up which will apply to contract anniversaries that occur after you accept the enhanced rider. The descriptions below apply to both the original and enhanced riders unless otherwise noted. The Withdrawal Benefit initially provides a guaranteed minimum withdrawal benefit that gives you the right to take limited partial withdrawals in each contract year that over time will total an amount equal to your purchase payments plus any purchase payment credits. Certain withdrawals and step ups, as described below, can cause the initial guaranteed withdrawal benefit to change. The guarantee remains in effect if your partial withdrawals in a contract year do not exceed the allowed amount. As long as your withdrawals in each contract year do not exceed the allowed amount, you will not be assessed a surrender charge. Under the original rider, the allowed amount is the Guaranteed Benefit Payment (GBP -- the amount you may withdraw under the terms of the rider in each contract year, subject to certain restrictions prior to the third contract anniversary, as described below). Under the enhanced rider, the allowed amount is equal to 7% of purchase payments and purchase payment credits for the first three contract years, and the GBP in all other years. If you withdraw an amount greater than the allowed amount in a contract year, we call this an "excess withdrawal" under the rider. If you make an excess withdrawal under the rider: - surrender charges, if applicable, will apply only to the amount of the withdrawal that exceeds the allowed amount; - the guaranteed benefit amount will be adjusted as described below; and - the remaining benefit amount will be adjusted as described below. For a partial withdrawal that is subject to a surrender charge, the amount we actually deduct from your contract value will be the amount you request plus any applicable surrender charge (see "Charges -- Surrender Charge"). Market value adjustments, if applicable, will also be made (see the "Market Value Adjustment" provision in the prospectus). We pay you the amount you request. Any partial withdrawals you take under the contract will reduce the value of the death benefits (see "Benefits in Case of Death"). Upon full withdrawal of the contract, you will receive the remaining contract value less any applicable charges (see "Surrenders"). Once elected, the Withdrawal Benefit rider may not be cancelled by you and the fee will continue to be deducted until the contract is terminated, the contract value reduces to zero (described below) or annuity payouts begin. If you select the Withdrawal Benefit rider, you may not select the Accumulation Benefit rider. If you exercise the annual step up election (see "Elective Step Up" and "Annual Step Up" below), the special spousal continuation step up election (see "Spousal Continuation and Special Spousal Continuation Step Up" below) or change your Portfolio Navigator investment option, the rider charge may change (see "Charges"). WITHDRAWAL BENEFIT IS SUBJECT TO CERTAIN RESTRICTIONS AND LIMITATIONS DESCRIBED BELOW: - USE OF PORTFOLIO NAVIGATOR PROGRAM REQUIRED: You must participate in the PN program with this rider (see "Making the Most of Your Contract -- Portfolio Navigator Program"). The PN program limits your choice of investments. This means you will not be able to allocate contract value to all of the subaccounts or the fixed account that are available under the contract to contract owners who do not elect this rider. You may allocate qualifying purchase payments and applicable purchase payment credits to the Special DCA account, when available (see "The Special DCA Account"), and we will make monthly transfers into the investment option you have chosen. (See "Making the Most of Your Contract -- Portfolio Navigator Program."); - LIMITATIONS ON TSAS: Your right to take withdrawals is restricted if your contract is a TSA (see "TSA -- Special Provisions"). Therefore, Withdrawal Benefit rider may be of limited value to you. You should consult your tax advisor if you selected this optional rider and if you have any questions about the use of this rider in your tax situation; - LIMITATIONS ON PURCHASE PAYMENTS: We reserve the right to limit the cumulative amount of purchase payments. For current limitations, see "Buying Your Contract -- Purchase Payment." - NON-CANCELABLE: Once elected, the Withdrawal Benefit rider may not be cancelled by you and the fee will continue to be deducted until the contract is terminated, the contract value reduces to zero (described below) or annuity payouts begin. - INTERACTION WITH THE TOTAL FREE AMOUNT (TFA) CONTRACT PROVISION: The TFA is the amount you are allowed to withdraw in each contract year without incurring a surrender charge (see "Charges -- Surrender Charge"). The TFA may be greater than the RBP under this rider. Any amount you withdraw under the contract's TFA provision that exceeds the RBP is subject to the excess withdrawal processing for the GBA and RBA described below. 60 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS YOU SHOULD CONSULT YOUR TAX ADVISOR IF YOU HAVE ANY QUESTIONS ABOUT THE USE OF THIS RIDER IN YOUR TAX SITUATION: - TAX CONSIDERATIONS FOR NON-QUALIFIED ANNUITIES: Withdrawals are taxable income to the extent of earnings. Withdrawals of earnings before age 59 1/2 may also incur a 10% IRS early withdrawal penalty. - TAX CONSIDERATIONS FOR QUALIFIED ANNUITIES: Qualified annuities have minimum distribution rules that govern the timing and amount of distributions from the annuity contract (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). If you have a qualified annuity, you may need to take an RMD that exceeds the guaranteed amount of withdrawal available under the rider and such withdrawals may reduce future benefits guaranteed under the rider. Under the terms of the enhanced rider, we allow you to satisfy the RMD based on the life expectancy RMD for your contract and the requirements of the Code and regulations in effect when you purchase your contract, without the withdrawal being treated as an excess withdrawal. It is our current administrative practice to make the same accommodation under the original rider, however, we reserve the right to discontinue this administrative practice and will give you 30 days' written notice of any such change. For contract holders subject to annual RMD rules under Section 401(a)(9) of the Code, amounts you withdraw each year from this contract to satisfy these rules are not subject to excess withdrawal processing under the terms of the rider, subject to the following rules and our current administrative practice: If on the date we calculated your Annual Life Expectancy Required Minimum Distribution Amount (ALERMDA), it is greater than the RBP from the beginning of the current contract year, - A Basic Additional Benefit Amount (BABA) will be set equal to that portion of your ALERMDA that exceeds the value of the RBP from the beginning of the current contract year. - Any withdrawals taken in a contract year will count first against and reduce the RBP for that contract year. - Once the RBP for the current contract year has been depleted, any additional amounts withdrawn will count against and reduce the BABA. These withdrawals will not be considered excess withdrawals with regard to the GBA and RBA as long as they do not exceed the remaining BABA. - Once the BABA has been depleted, any additional withdrawal amounts will be considered excess withdrawals with regard to the GBA and RBA and will subject them all to the excess withdrawal processing described by the rider. The ALERMDA is: (1) determined by us each calendar year; (2) based on the value of this contract alone on the date it is determined; and (3) based on the company's understanding and interpretation of the requirements for life expectancy distributions intended to satisfy the required minimum distribution rules under Code Section 401(a) (9) and the Treasury Regulations promulgated thereunder, as applicable on the effective date of this prospectus, to: 1. IRAs under Section 408(b) of the Code; 2. Roth IRAs under Section 408A of the Code; 3. SIMPLE IRA under Section 408A of the Code; 4. SEP plans under Section 408 (k) of the Code; 5. Custodial and investment only plans under Section 401 (a) of the Code; 6. TSAs under Section 403(b) of the Code. In the future, the requirements under tax law for such distributions may change and the life expectancy amount calculation provided under your rider may not be sufficient to satisfy the requirements under the tax law for these types of distributions. In such a situation, amounts withdrawn to satisfy such distribution requirements would exceed your available withdrawal amount and may result in the reduction of your GBA and/or RBA as described under the excess withdrawal provision of the rider. RMD rules follow the calendar year which most likely does not coincide with your contract year and therefore may limit when you can take your RMD and not be subject to excess withdrawal processing. In cases where the Code does not allow the life expectancy of a natural person to be used to calculate the required minimum distribution amount (e.g. some ownerships by trusts and charities), we will calculate the life expectancy RMD amount as zero in all years. The annual life expectancy required minimum distribution amount calculated by us will also equal zero in all years. THE TERMS "GUARANTEED BENEFIT AMOUNT" AND "REMAINING BENEFIT AMOUNT" ARE DESCRIBED BELOW. EACH IS USED IN THE OPERATION OF THE GBP, THE RBP, THE ELECTIVE STEP UP, THE ANNUAL STEP UP, THE SPECIAL SPOUSAL CONTINUATION STEP UP AND THE WITHDRAWAL BENEFIT ANNUITY PAYOUT OPTION. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 61 GUARANTEED BENEFIT AMOUNT The Guaranteed Benefit Amount (GBA) is equal to the initial purchase payment, plus any purchase payment credits, adjusted for subsequent purchase payments, any purchase payment credits, partial withdrawals in excess of the GBP, and step ups. The maximum GBA is $5,000,000. THE GBA IS DETERMINED AT THE FOLLOWING TIMES: - At contract issue -- the GBA is equal to the initial purchase payment, plus any purchase payment credit; - When you make additional purchase payments -- each additional purchase payment plus any purchase payment credit has its own GBA equal to the amount of the purchase payment plus any purchase payment credit. The total GBA when an additional purchase payment and purchase payment credit are added is the sum of the individual GBAs immediately prior to the receipt of the additional purchase payment, plus the GBA associated with the additional purchase payment; - At step up -- (see "Elective Step Up" and "Annual Step Up" headings below). - When you make a partial withdrawal: (a) and all of your withdrawals in the current contract year, including the current withdrawal, are less than or equal to the GBP -- the GBA remains unchanged. Note that if the partial withdrawal is taken during the first three contract years, the GBA and the GBP are calculated after the reversal of any prior step ups; (b) and all of your withdrawals in the current contract year, including the current withdrawal, are greater than the GBP -- THE FOLLOWING EXCESS WITHDRAWAL PROCESSING WILL BE APPLIED TO THE GBA. Note that if the partial withdrawal is taken during the first three contract years, the GBA and the GBP are calculated after the reversal of any prior step ups: (c) under the original rider in a contract year after a step up but before the third contract anniversary -- THE FOLLOWING EXCESS WITHDRAWAL PROCESSING WILL BE APPLIED TO THE GBA. Note that the GBA and the GBP are calculated after the reversal of prior step ups: GBA EXCESS WITHDRAWAL PROCESSING The total GBA will automatically be reset to the lesser of (a) the total GBA immediately prior to the withdrawal; or (b) the contract value immediately following the withdrawal. If there have been multiple purchase payments, each payment's GBA after the withdrawal will be reset to equal that payment's RBA after the withdrawal plus (a) times (b), where: (a) is the ratio of the total GBA after the withdrawal less the total RBA after the withdrawal to the total GBA before the withdrawal less the total RBA after the withdrawal; and (b) is each payment's GBA before the withdrawal less that payment's RBA after the withdrawal. REMAINING BENEFIT AMOUNT The remaining benefit amount (RBA) at any point is the total guaranteed amount available for future partial withdrawals. The maximum RBA is $5,000,000. The RBA is determined at the following times: - At contract issue -- the RBA is equal to the initial purchase payment plus any purchase payment credit; - When you make additional purchase payments -- each additional purchase payment plus any purchase payment credit has its own RBA equal to the amount of the purchase payment plus any purchase payment credit. The total RBA when an additional purchase payment and purchase payment credit are added is the sum of the individual RBAs immediately prior to the receipt of the additional purchase payment, plus the RBA associated with the additional payment; - At step up -- (see "Elective Step Up" and "Annual Step Up" headings below). - When you make a partial withdrawal: (a) and all of your withdrawals in the current contract year, including the current withdrawal, are less than or equal to the GBP -- the RBA becomes the RBA immediately prior to the partial withdrawal, less the partial withdrawal. Note that if the partial withdrawal is taken during the first three contract years, the RBA and the GBP are calculated after the reversal of any prior step ups; (b) and all of your withdrawals in the current contract year, including the current withdrawal, are greater than the GBP -- THE FOLLOWING EXCESS WITHDRAWAL PROCESSING WILL BE APPLIED TO THE RBA. Note that if the partial withdrawal is taken during the first three contract years, the RBA and the GBP are calculated after the reversal of any prior step ups; (c) under the original rider after a step up but before the third contract anniversary -- THE FOLLOWING EXCESS WITHDRAWAL PROCESSING WILL BE APPLIED TO THE RBA. Note that the RBA and the GBP are calculated after the reversal of prior step ups. 62 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS RBA EXCESS WITHDRAWAL PROCESSING The RBA will automatically be reset to the lesser of (a) the contract value immediately following the withdrawal, or (b) the RBA immediately prior to the withdrawal, less the amount of the withdrawal. If there have been multiple purchase payments, any reduction of the RBA will be taken out of each payment's RBA in the following manner: The withdrawal amount up to the remaining benefit payment (defined below) is taken out of each RBA bucket in proportion to its remaining benefit payment at the time of the withdrawal; and the withdrawal amount above the remaining benefit payment and any amount determined by the excess withdrawal processing are taken out of each RBA bucket in proportion to its RBA at the time of the withdrawal. GUARANTEED BENEFIT PAYMENT Under the original rider, the GBP is the amount you may withdraw under the terms of the rider in each contract year, subject to certain restrictions prior to the third anniversary. Under the enhanced rider, the GBP is the withdrawal amount that you are entitled to take each contract year after the third anniversary until the RBA is depleted. Under the original rider, the GBP is equal to 7% of the GBA. Under the enhanced rider, the GBP is the lesser of a) 7% of the GBA or (b) the RBA. Under both the original and enhanced riders, if you withdraw less than the GBP in a contract year, there is no carry over to the next contract year. REMAINING BENEFIT PAYMENT Under the original rider, at the beginning of each contract year, the remaining benefit payment (RBP) is set as the lesser of (a) the GBP, or (b) the RBA. Under the enhanced rider, at the beginning of each contract year, during the first three contract years and prior to any withdrawal, the RBP for each purchase payment is set equal to that purchase payment plus any purchase payment credit, multiplied by 7%. At the beginning of any other contract year, each individual RBP is set equal to each individual GBP. Each additional purchase payment has its own RBP established equal to that payment's GBP. The total RBP is equal to the sum of the individual RBPs. Whenever a partial withdrawal is made, the RBP equals the RBP immediately prior to the partial withdrawal less the amount of the partial withdrawal, but not less than zero. ELECTIVE STEP UP (UNDER THE ORIGINAL RIDER ONLY) You have the option to increase the RBA, the GBA, the GBP and the RBP beginning with the first contract anniversary. An annual elective step up option is available for 30 days after the contract anniversary. The elective step up option allows you to step up the remaining benefit amount and guaranteed benefit amount to the contract value on the valuation date we receive your written request to step up. The elective step up is subject to the following rules: - if you do not take any withdrawals during the first three contract years, you may step up annually beginning with the first contract anniversary; - if you take any withdrawals during the first three contract years, the annual elective step up will not be available until the third contract anniversary; - if you step up on the first or second contract anniversary but then take a withdrawal prior to the third contract anniversary, you will lose any prior step ups and the withdrawal will be considered an excess withdrawal subject to the GBA and RBA excess withdrawal processing discussed under the "Guaranteed Benefit Amount" and "Remaining Benefit Amount" headings above, and to surrender charges; and - you may take withdrawals on or after the third contract anniversary without reversal of previous step ups You may elect a step up only once each contract year within 30 days after the contract anniversary. Once a step up has been elected, another step up may not be elected until the next contract anniversary. RIDER A(1): You may only step up if your contract value on the valuation date we receive your written request to step up is greater than RBA. The elective step up will be determined as follows: - The effective date of the elective step up is the valuation date we receive your written request to step up. - The RBA will be increased to an amount equal to the contract value on the valuation date we receive your written request to step up. - The GBA will be increased to an amount equal to the greater of (a) the GBA immediately prior to the elective step up; or (b) the contract value on the valuation date we receive your written request to step up. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 63 - The GBP will be increased to an amount equal to the greater of (a) the GBP immediately prior to the step up; or (b) 7% of the GBA after the step up. - The RBP will be increased to the lesser of (a) the RBA after the elective step up; or (b) the GBP after the elective step up. RIDER B(1): You may only step up if your contract value is greater than RBA. The elective step up will be determined as follows: - The effective date of the elective step up is the contract anniversary. - The RBA will be increased to an amount equal to the contract anniversary value. - The GBA will be increased to an amount equal to the greater of (a) the GBA immediately prior to the elective step up; or (b) the contract anniversary value. - The GBP will be increased to an amount equal to the greater of (a) the GBP immediately prior to the step up; or (b) 7% of the GBA after the step up. - The RBP will be increased to the lesser of (a) the RBA after the elective step up; or (b) the GBP after the elective step up. (1) Before April 29, 2005 we only offered Rider B. We began offering Rider A in states where it is approved and discontinued offering Rider B in those states, on April 29, 2005. If you purchased a contract with this optional benefit rider before April 29, 2005 the references to Rider B generally apply to your contract (see the rider attached to your contract for the actual terms of the benefit you purchased). If you purchased a contract on or after April 20, 2005 with this benefit, the version we offer you depends on which state you live in. The discussion about this benefit and how it works applies generally to both riders unless otherwise noted. ANNUAL STEP UP (UNDER THE ENHANCED RIDER ONLY) Beginning with the first contract anniversary after you accept the enhanced rider, an increase of the RBA, the GBA, the GBP and the RBP may be available. A step up does not create contract value, guarantee performance of any investment options, or provide a benefit that can be withdrawn or paid upon death. Rather, a step up determines the current values of the GBA, RBA, GBP, and RBP, and may extend the payment period or increase allowable payment. The annual step up is subject to the following rules: - The annual step up is available when the RBA would increase on the step up date. The applicable step up date depends on whether the annual step up is applied on an automatic or elective basis. - If the application of the step does not increase the rider charge, the annual step up will be automatically applied to your contract and the step up date is the contract anniversary date. - If the application of the step up would increase the rider charge (see the "Withdrawal Benefit Rider Fee" provision in the prospectus), the annual step up is not automatically applied. Instead, you have the option to step up for 30 days after the contract anniversary. If you exercise the elective annual step up option, you will pay the rider charge in effect on the step up date. If you wish to exercise the elective annual step up option, we must receive a request from you or your investment professional. The step up date is the date we receive your request to step up. If your request is received after the close of business, the step up date will be the next valuation day. - Only one step up is allowed each contract year. - If you take any withdrawals during the first three contract years, any previously applied step ups will be reversed and the annual step up will not be available until the third contract anniversary; - You may take withdrawals on or after the third contract anniversary without reversal of previous step ups. The annual step up will be determined as follows: - The RBA will be increased to an amount equal to the contract value on the step up date. - The GBA will be increased to an amount equal to the greater of (a) the GBA immediately prior to the annual step up; or (b) the contract value on the step up date. - The GBP will be calculated as described earlier, but based on the increased GBA and RBA. - The RBP will be reset as follows: (a) Prior to any withdrawals during the first three contract years, the RBP will not be affected by the step up. (b) At any other time, the RBP will be reset as the increased GBP less all prior withdrawals made during the current contract year, but not less than zero. SPOUSAL CONTINUATION AND SPECIAL SPOUSAL CONTINUATION STEP UP If a surviving spouse elects to continue the contract, this rider also continues. The spousal continuation step up is in addition to the elective step up or the annual step up on contract anniversaries. A surviving spouse may elect a spousal continuation step up by written request within 30 days following the spouse's election to continue the contract. 64 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS Under this step up, the RBA will be reset to the greater of the RBA or the contract value on the valuation date we receive the spouse's written request to step up; the GBA will be reset to the greater of the GBA or the contract value on the same valuation date. If a spousal continuation step up is elected and we have increased the charge for the rider, the spouse will pay the charge that is in effect on the valuation date we receive the written request to step up. It is our current administrative practice to process the spousal continuation step up as described in the next paragraph; however, we reserve the right to discontinue the administrative practice and will give you 30 days' written notice of any such change. At the time of spousal continuation, a step up may be available. All annual step-up rules (see "Annual Step-Up" heading above), other than those that apply to the waiting period, also apply to the spousal continuation step up. If the spousal continuation step up is processed automatically, the step up date is the valuation date the spousal continuation is effective. If not, the spouse must elect the step up and must do so within 30 days of the spousal continuation date. If the spouse elects the spousal continuation step up, the step-up date is the valuation date we receive the spouse's written request to step up if we receive the request by the close of business on that day, otherwise the next valuation date. REMAINING BENEFIT AMOUNT PAYOUT OPTION Several annuity payout plans are available under the contract. As an alternative to these annuity payout plans, a fixed annuity payout option is available under the Withdrawal Benefit. Under this option the amount payable each year will be equal to the remaining schedule of GBPs, but the total amount paid over the life of the annuity will not exceed the current total RBA at the time you begin this fixed annuity option. These annualized amounts will be paid in the frequency that you elect. The frequencies will be among those offered by us at that time but will be no less frequent than annually. If, at the death of the owner, total payments have been made for less than the RBA, the remaining payments will be paid to the beneficiary (see "The Annuity Payout Period" and "Taxes"). This annuity payout option may also be elected by the beneficiary of a contract as a settlement option. Whenever multiple beneficiaries are designated under the contract, each such beneficiary's share of the proceeds if they elect this option will be in proportion to their applicable designated beneficiary percentage. Beneficiaries of nonqualified contracts may elect this settlement option subject to the distribution requirements of the contract. We reserve the right to adjust the remaining schedule of GBPs if necessary to comply with the Code. IF CONTRACT VALUE REDUCES TO LESS THAN $600* If the contract value reduces to less than $600 and the RBA remains greater than zero, the following will occur: - you will be paid according to the annuity payout option described above; - we will no longer accept additional purchase payments; - you will no longer be charged for the rider; - any attached death benefit riders will terminate; and - the death benefit becomes the remaining payments under the annuity payout option described above. If the contract value falls to zero and the RBA is depleted, the Withdrawal Benefit rider and the contract will terminate. * Under our current administrative practice, we allow the minimum contract value to be $0. Therefore, these limitations will only apply when the contract value is reduced to zero. For an example, see Appendix C. THE ANNUITY PAYOUT PERIOD As owner of the contract, you have the right to decide how and to whom annuity payouts will be made starting at the settlement date. You may select one of the annuity payout plans outlined below, or we may mutually agree on other payout arrangements. We do not deduct any surrender charges under the payout plans listed below except under Plan E. You also decide whether we will make annuity payouts on a fixed or variable basis, or a combination of fixed and variable. The amount available to purchase payouts under the plan you select is the contract value on your settlement date after any rider charges have been deducted, plus or minus any applicable MVA, less any purchase payment credits subject to reversal and less any applicable premium tax. Additionally, we currently allow you to use part of the amount available to purchase payouts, leaving any remaining contract value to accumulate on a tax-deferred basis. During the annuity payout period, you cannot invest in more than five subaccounts at any one time unless we agree otherwise. AMOUNTS OF FIXED AND VARIABLE PAYOUTS DEPEND ON: - the annuity payout plan you select; RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 65 - the annuitant's age and, in most cases, the annuitant's sex; - the annuity table in the contract; and - the amounts you allocated to the accounts at settlement. In addition, for variable payouts only, amounts depend on the investment performance of the subaccounts you select. These payouts will vary from month to month because the performance of the funds will fluctuate. Fixed payouts remain the same from month to month. For information with respect to transfers between accounts after annuity payouts begin, see "Making the Most of Your Contract -- Transfer policies." ANNUITY TABLES The annuity tables in your contract (Table A and Table B) show the amount of the monthly payout for each $1,000 of contract value according to the annuitant's age and, when applicable, the annuitant's sex. (Where required by law, we will use a unisex table of settlement rates.) Table A shows the amount of the first variable payout assuming that the contract value is invested at the beginning of the annuity payout period and earns a 5% rate of return, which is reinvested and helps to support future payouts. If you ask us at least 30 days before the settlement date, we will substitute an annuity table based on an assumed 3.5% investment rate for the 5% Table A in the contract. The assumed investment rate affects both the amount of the first payout and the extent to which subsequent payouts increase or decrease. For example, annuity payouts will increase if the investment return is above the assumed investment rate and payouts will decrease if the return is below the assumed investment rate. Using the 5% assumed interest rate results in a higher initial payout, but later payouts will increase more slowly when annuity unit values rise and decrease more rapidly when they decline. Table B shows the minimum amount of each fixed payout. Amounts in Table B are based on the guaranteed annual effective interest rate shown in your contract. We declare current payout rates that we use in determining the actual amount of your fixed payout. The current payout rates will equal or exceed the guaranteed payout rates shown in Table B. We will furnish these rates to you upon request. ANNUITY PAYOUT PLANS You may choose any one of these annuity payout plans by giving us written instructions at least 30 days before contract value is used to purchase the payout plan*: - PLAN A: LIFE ANNUITY -- NO REFUND: We make monthly payouts until the annuitant's death. Payouts end with the last payout before the annuitant's death. We will not make any further payouts. This means that if the annuitant dies after we made only one monthly payout, we will not make any more payouts. - PLAN B: LIFE ANNUITY WITH FIVE, TEN OR 15 YEARS CERTAIN: We make monthly payouts for a guaranteed payout period of five, ten or 15 years that you elect. This election will determine the length of the payout period to the beneficiary if the annuitant should die before the elected period expires. We calculate the guaranteed payout period from the settlement date. If the annuitant outlives the elected guaranteed payout period, we will continue to make payouts until the annuitant's death. - PLAN C: LIFE ANNUITY -- INSTALLMENT REFUND: We make monthly payouts until the annuitant's death, with our guarantee that payouts will continue for some period of time. We will make payouts for at least the number of months determined by dividing the amount applied under this option by the first monthly payout, whether or not the annuitant is living. - PLAN D: JOINT AND LAST SURVIVOR LIFE ANNUITY -- NO REFUND: We make monthly payouts while both the annuitant and a joint annuitant are living. If either annuitant dies, we will continue to make monthly payouts at the full amount until the death of the surviving owner. Payouts end with the death of the second annuitant. - PLAN E: PAYOUTS FOR A SPECIFIED PERIOD: We make monthly payouts for a specific payout period of ten to 30 years that you elect. We will make payouts only for the number of years specified whether the annuitant is living or not. Depending on the selected time period, it is foreseeable that the annuitant can outlive the payout period selected. During the payout period, you can elect to have us determine the present value of any remaining variable payouts and pay it to you in a lump sum. We determine the present value of the remaining annuity payouts which are assumed to remain level at the amount of the payout that would have been made 7 days prior to the date we determine the present value. The discount rate we use in the calculation will be either 5.17% or 6.67%, depending on the applicable assumed investment rate. (See "Charges -- Surrender charge under Annuity Payout Plan E.") You can also take a portion of the discounted value once a year. If you do so, your monthly payouts will be reduced by the proportion of your surrender to the full discounted value. A 10% IRS penalty tax could apply if you take a surrender. (See "Taxes.") - WITHDRAWAL BENEFIT -- RBA PAYOUT OPTION: If you have a Withdrawal Benefit rider under your contract, you may elect the Withdrawal Benefit RBA payout option as an alternative to the above annuity payout plans. This option may not be available if the contract is issued to qualify under Sections 403 or 408 of the Code. For such contracts, this option will be 66 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS available only if the guaranteed payout period is less than the life expectancy of the owner at the time the option becomes effective. Such life expectancy will be computed using life expectancy tables published by IRS. Under this option, the amount payable each year will be equal to the future schedule of GBPs, but the total amount paid over the life of the annuity will not exceed the total RBA at the time you begin this fixed payout option (see "Optional Benefits -- Withdrawal Benefit"). These annualized amounts will be paid in the frequency that you elect. The frequencies will be among those offered by us at the time but will be no less frequent than annually. If, at the death of the owner, total payouts have been made for less than the RBA, the remaining payouts will be paid to the beneficiary. ANNUITY PAYOUT PLAN REQUIREMENTS FOR QUALIFIED ANNUITIES: If your contract is a qualified annuity, you must select a payout plan as of the settlement date set forth in your contract. You have the responsibility for electing a payout plan under your contract that complies with applicable law. Your contract describes your payout plan options. The options will generally meet certain IRS regulations governing RMDs if the payout plan meets the incidental distribution benefit requirements, if any, and the payouts are made: - in equal or substantially equal payments over a period not longer than your life or over the joint life of you and your designated beneficiary; or - in equal or substantially equal payments over a period not longer than your life expectancy or over the joint life expectancy of you and your designated beneficiary; or - over a period certain not longer than your life expectancy or over the life expectancy of you and your designated beneficiary. * For contracts purchased in Oregon, you cannot apply your contract value to an annuity payout plan during your first contract year. IF WE DO NOT RECEIVE INSTRUCTIONS: You must give us written instructions for the annuity payouts at least 30 days before the settlement date. If you do not, we will make payouts under Plan B, with 120 monthly payouts guaranteed. Contract values that you allocated to the fixed account will provide fixed dollar payouts and contract values that you allocated among the subaccounts will provide variable annuity payouts. IF MONTHLY PAYOUTS WOULD BE LESS THAN $20: We will calculate the amount of monthly payouts at the time amounts are applied toe a payout plan. If the calculations show that monthly payouts would be less than $20, we have the right to pay the contract value to the owner in a lump sum or to change the frequency of the payouts. DEATH AFTER ANNUITY PAYOUTS BEGIN: If you die after annuity payouts begin, we will pay any amount payable to the beneficiary as provided in the annuity payout plan in effect. TAXES Under current law, your contract has a tax-deferral feature. Generally, this means you do not pay income tax until there is a taxable distribution (or deemed distribution) from the contract. We will send a tax information reporting form for any year in which we made a taxable or reportable distribution according to our records. NONQUALIFIED ANNUITIES Generally, only the increase in the value of a non-qualified annuity contract over the investment in the contract is taxable. Certain exceptions apply. Federal tax law requires that all nonqualified deferred annuity contracts issued by the same company (and possibly its affiliates) to the same owner during a calendar year be taxed as a single, unified contract when distributions are taken from any one of those contracts. ANNUITY PAYOUTS: Generally, unlike surrenders described below, the taxation of annuity payouts is subject to exclusion ratios, i.e. a portion of each payout will be ordinary income and subject to tax, and a portion of each payout will be considered a return of part of your investment in the contract and will not be taxed. All amounts you receive after your investment in the contract is fully recovered will be subject to tax. Under Annuity Payout Plan A: Life annuity -- no refund, where the annuitant dies before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the owner for the last taxable year. Under all other annuity payout plans, where the annuity payouts end before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the taxpayer for the tax year in which the payouts end. (See "The Annuity Payout Period -- Annuity Payout Plans.") SURRENDERS: Generally, if you surrender all or part of your nonqualified annuity before your annuity payouts begin, including withdrawals under any optional withdrawal benefit rider, your surrender will be taxed to the extent that the contract value immediately before the surrender exceeds the investment in the contract. Different rules may apply if you exchange another contract into this contract. You also may have to pay a 10% IRS penalty for surrenders of taxable income you make before reaching age 59 1/2 unless certain exceptions apply. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 67 WITHHOLDING: If you receive taxable income as a result of an annuity payout or surrender, including surrenders under any optional withdrawal benefit rider, we may deduct federal, and in some cases state withholding against the payment. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, and you have a valid U.S. address, you may be able to elect not to have any withholding occur. If the payment is part of an annuity payout plan, we generally compute the amount of withholding using payroll tables. You may provide us with a statement of how many exemptions to use in calculating the withholding. If the distribution is any other type of payment (such as partial or full surrender) we compute withholding using 10% of the taxable portion. The withholding requirements differ if we deliver payment outside the United States and/or you are a non-resident alien. Some states also may impose withholding requirements similar to the federal withholding described above. If this should be the case, we may deduct state withholding from the payment. DEATH BENEFITS TO BENEFICIARIES: The death benefit under a nonqualified contract is not exempt from estate (federal or state) or income taxes. In addition, any amount your beneficiary receives that exceeds the investment in the contract is taxable as ordinary income to the beneficiary in the year he or she receives the payments. (See also "Benefits in Case of Death -- If You Die Before the Settlement Date"). ANNUITIES OWNED BY CORPORATIONS, PARTNERSHIPS OR IRREVOCABLE TRUSTS: For nonqualified annuities, any annual increase in the value of annuities held by such entities (nonnatural persons) generally will be treated as ordinary income received during that year. However, if the trust was set up for the benefit of a natural person only, the income will generally remain tax-deferred. PENALTIES: If you receive amounts from your nonqualified annuity before reaching age 59 1/2, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty will not apply to any amount received: - because of your death or in the event of nonnatural ownership, the death of the annuitant; - because you become disabled (as defined in the Code); - if the distribution is part of a series of substantially equal periodic payments, made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary); - if it is allocable to an investment before Aug. 14, 1982; or - if annuity payouts are made under immediate annuities as defined by the Code. TRANSFER OF OWNERSHIP: Generally, if you transfer ownership of a nonqualified annuity without receiving adequate consideration, the transfer may be treated as a surrender for federal income tax purposes. If the transfer is a currently taxable event for income tax purposes, the original owner will be taxed on the amount of deferred earnings at the time of the transfer and also may be subject to the 10% IRS penalty discussed earlier. In this case, the new owner's investment in the contract will be the value of the contract at the time of the transfer. In general, this rule does not apply to transfers between spouses or former spouses. Please consult your tax advisor for further details. 1035 EXCHANGES: Section 1035 of the Code permits nontaxable exchanges of certain insurance policies, endowment contracts, annuity contracts and qualified long- term care insurance contract while providing for continued tax deferral of earnings. In addition, Section 1035 permits the carryover of the cost basis from the old policy or contract to the new policy or contract. A 1035 exchange is a transfer from one policy or contract to another policy or contract. The following are nontaxable exchanges: (1) the exchange of a life insurance policy for another life insurance policy or for an endowment, annuity or qualified long-term care insurance contracts, (2) the exchange of an endowment contract for an annuity or qualified long-term care insurance contract, or for an endowment contract under which payments will begin no later than payments would have begun under the contract exchanged, (3) the exchange of an annuity contract for another annuity contract or for a qualified long-term care insurance contract, or (4) the exchange of a qualified long-term care insurance contract for a qualified long-term insurance contract. However, if the life insurance policy has an outstanding loan, there may be tax consequences. Depending on the issue date of your original policy or contract, there may be tax or other benefits that are given up to gain the benefits of the new policy or contract. Consider whether the features and benefits of the new policy or contract outweigh any tax or other benefits of the old contract. For a partial exchange of an annuity contract for another annuity contract, the 1035 exchange is generally tax-free. The investment in the original contract and the earnings on the contract will be allocated proportionately between the original and new contracts. However, IRS Revenue Procedure 2008-24 states if withdrawals are taken from either contract within a 12 month period following a partial exchange, the 1035 exchange may be invalidated. In that case, the following will occur 1) the tax-free nature of the partial exchange can be lost, 2) the exchange will be retroactively treated as a taxable surrender on the lesser of the earnings in the original contract or the amount exchanged and 3) the entire amount of the exchange will be treated as a purchase into the second contract. You may receive an amended Form 1099-R reporting an invalidated exchange. (If certain life events occur between the date of the partial exchange and the date of the withdrawal in the first 68 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 12 months, the partial exchange could remain valid.) You should consult your tax advisor before taking any surrender from either contract. ASSIGNMENT: If you assign or pledge your contract as collateral for a loan, earnings on purchase payments you made after Aug. 13, 1982 will be taxed as a deemed distribution and you may have to pay a 10% IRS penalty. QUALIFIED ANNUITIES Adverse tax consequences may result if you do not ensure that contributions, distributions and other transactions under the contract comply with the law. Qualified annuities have minimum distribution rules that govern the timing and amount of distributions. You should refer to your retirement plan's Summary Plan Description, your IRA disclosure statement, or consult a tax advisor for additional information about the distribution rules applicable to your situation. When you use your contract to fund a retirement plan or IRA that is already tax- deferred under the Code, the contract will not provide any necessary or additional tax deferral. If your contract is used to fund an employer sponsored plan, your right to benefits may be subject to the terms and conditions of the plan regardless of the terms of the contract. ANNUITY PAYOUTS: Under a qualified annuity, except a Roth IRA, Roth 401(k) or Roth 403(b), the entire payout generally is includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non- deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars. ANNUITY PAYOUTS FROM ROTH IRAS: In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59 1/2 and meet the five year holding period. SURRENDERS: Under a qualified annuity, except a Roth IRA, Roth 401(k) or Roth 403(b), the entire surrender will generally be includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non- deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars. SURRENDERS FROM ROTH IRAS: In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59 1/2 and meet the five year holding period. REQUIRED MINIMUM DISTRIBUTIONS: Retirement plans (except for Roth IRAs) are subject to required surrenders called required minimum distributions ("RMDs") beginning at age 70 1/2. RMDs are based on the fair market value of your contract at year-end divided by life expectancy factor. Certain death benefits and optional riders may be considered in determining the fair market value of your contract for RMD purposes. This may cause your RMD to be higher. Inherited IRAs (including inherited Roth IRAs) are subject to special required minimum distribution rules. You should consult your tax advisor prior to making a purchase for an explanation of the potential tax implications to you. WITHHOLDING FOR IRAS, ROTH IRAS, SEPS AND SIMPLE IRAS: If you receive taxable income as a result of an annuity payout or a surrender, including surrenders under any optional withdrawal benefit rider, we may deduct withholding against the payment. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, you can elect not to have any withholding occur. If the payment is part of an annuity payout plan, we generally compute the amount of withholding using payroll tables. You may provide us with a statement of how many exemptions to use in calculating the withholding. If the distribution is any other type of payment (such as a partial or full surrender) we compute withholding using 10% of the taxable portion. The withholding requirements differ if we deliver payment outside the United States and/or you are a non-resident alien. Some states also may impose withholding requirements similar to the federal withholding described above. If this should be the case, we may deduct state withholding from the payment. WITHHOLDING FOR ALL OTHER QUALIFIED ANNUITIES: If you receive directly all or part of the contract value from a qualified annuity, mandatory 20% federal income tax withholding (and possibly state income tax withholding) generally will be imposed at the time the payout is made from the plan. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. This mandatory withholding will not be imposed if instead of receiving the distribution check, you elect to have the distribution rolled over directly to an IRA or another eligible plan. Payments made to a surviving spouse instead of being directly rolled over to an IRA are also subject to mandatory 20% income tax withholding. In the below situations, the distribution is subject to an optional 10% withholding instead of the mandatory 20% withholding. We will withhold 10% of the distribution amount unless you elect otherwise. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 69 - the payout is one in a series of substantially equal periodic payouts, made at least annually, over your life or life expectancy (or the joint lives or life expectancies of you and your designated beneficiary) or over a specified period of 10 years or more; - the payout is a RMD as defined under the Code; - the payout is made on account of an eligible hardship; or - the payout is a corrective distribution. State withholding also may be imposed on taxable distributions. PENALTIES: If you receive amounts from your qualified contract before reaching age 59 1/2, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty generally will not apply to any amount received: - because of your death; - because you become disabled (as defined in the Code); - if the distribution is part of a series of substantially equal periodic payments made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary); - if the distribution is made following severance from employment during the calendar year in which you attain age 55 (TSAs and annuities funding 401(a) plans only); - to pay certain medical or education expenses (IRAs only); or - if the distribution is made from an inherited IRA. DEATH BENEFITS TO BENEFICIARIES: The entire death benefit generally is taxable as ordinary income to the beneficiary in the year he/she receives the payments from the qualified annuity. If you made non-deductible contributions to a traditional IRA, the portion of any distribution from the contract that represents after-tax contributions is not taxable as ordinary income to your beneficiary. You are responsible for keeping all records tracking your non- deductible contributions to an IRA. Death benefits under a Roth IRA generally are not taxable as ordinary income to the beneficiary if certain distribution requirements are met. (See also "Benefits in Case of Death -- If You Die Before the Settlement Date"). ASSIGNMENT: You may not assign or pledge your qualified contract as collateral for a loan. OTHER PURCHASE PAYMENT CREDITS: These are considered earnings and are taxed accordingly when surrendered or paid out. SPECIAL CONSIDERATIONS IF YOU SELECT ANY OPTIONAL RIDER: As of the date of this prospectus, we believe that charges related to these riders are not subject to current taxation. Therefore, we will not report these charges as partial surrenders from your contract. However, the IRS may determine that these charges should be treated as partial surrenders subject to taxation to the extent of any gain as well as the 10% tax penalty for surrenders before the age of 59 1/2, if applicable. We reserve the right to report charges for these riders as partial surrenders if we, as a withholding and reporting agent, believe that we are required to report them. In addition, we will report any benefits attributable to these riders on the death of you or the annuitant as an annuity death benefit distribution, not as proceeds from life insurance. IMPORTANT: Our discussion of federal tax laws is based upon our understanding of current interpretations of these laws. Federal tax laws or current interpretations of them may change. For this reason and because tax consequences are complex and highly individual and cannot always be anticipated, you should consult a tax advisor if you have any questions about taxation of your contract. RIVERSOURCE LIFE'S TAX STATUS: We are taxed as a life insurance company under the Code. For federal income tax purposes, the subaccounts are considered a part of our company, although their operations are treated separately in accounting and financial statements. Investment income is reinvested in the fund in which each subaccount invests and becomes part of that subaccount's value. This investment income, including realized capital gains, is not subject to any withholding because of federal or state income taxes. We reserve the right to make such a charge in the future if there is a change in the tax treatment of variable annuities or in our tax status as we then understand it. TAX QUALIFICATION: We intend that the contract qualify as an annuity for federal income tax purposes. To that end, the provisions of the contract are to be interpreted to ensure or maintain such tax qualification, in spite of any other provisions of the contract. We reserve the right to amend the contract to reflect any clarifications that may be needed or are appropriate to maintain such qualification or to conform the contract to any applicable changes in the tax qualification requirements. We will send you a copy of any amendments. 70 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS VOTING RIGHTS As a contract owner with investments in the subaccounts, you may vote on important fund policies until annuity payouts begin. Once they begin, the person receiving them has voting rights. We will vote fund shares according to the instructions of the person with voting rights. Before annuity payouts begin, the number of votes you have is determined by applying your percentage interest in each subaccount to the total number of votes allowed to the subaccount. After annuity payouts begin, the number of votes you have is equal to: - the reserve held in each subaccount for your contract; divided by - the net asset value of one share of the applicable fund. As we make annuity payouts, the reserve for the contract decreases; therefore, the number of votes also will decrease. We calculate votes separately for each subaccount. We will send notice of shareholders' meetings, proxy materials and a statement of the number of votes to which the voter is entitled. We will vote shares for which we have not received instructions in the same proportion as the votes for which we received instructions. We also will vote the shares for which we have voting rights in the same proportion as the votes for which we received instructions. SUBSTITUTION OF INVESTMENTS We may substitute the funds in which the subaccounts invest if: - laws or regulations change; - the existing funds become unavailable; or - in our judgment, the funds no longer are suitable (or no longer the most suitable) for the subaccounts. If any of these situations occur, and if we believe it is in the best interest of persons having voting rights under the contract, we have the right to substitute a fund currently listed in this prospectus (existing fund) for another fund (new fund). The new fund may have higher fees and/or operating expenses than the existing fund. Also, the new fund may have investment objectives and policies and/or investment advisers which differ from the existing fund. We may also: - add new subaccounts; - combine any two or more subaccounts; - transfer assets to and from the subaccounts or the variable account; and - eliminate or close any subaccounts. We will notify you of any substitution or change. If we notify you that a subaccount will be eliminated or closed, you will have a certain period of time to tell us where to reallocate purchase payments or contract value currently allocated to that subaccount. If we do not receive your reallocation instructions by the due date, we automatically will reallocate to the subaccount investing in the RiverSource Variable Portfolio - Cash Management Fund. You may then transfer this reallocated amount in accordance with the transfer provisions of your contract (see "Transferring Between Accounts" above). In the event of substitution or any of these changes, we may amend the contract and take whatever action is necessary and appropriate without your consent or approval. However, we will not make any substitution or change without the necessary approval of the SEC and state insurance departments. ABOUT THE SERVICE PROVIDERS PRINCIPAL UNDERWRITER RiverSource Distributors, Inc. ("RiverSource Distributors"), our affiliate, serves as the principal underwriter of the contract. Its offices are located at 70100 Ameriprise Financial Center, Minneapolis, MN 55474. RiverSource Distributors is a wholly-owned subsidiary of Ameriprise Financial, Inc. Although we no longer offer the contract for sale, you may continue to make purchase payments if permitted under the terms of your contract. We pay commissions to an affiliated selling firm of up to 5.75% of purchase payments on the contract as well as service/trail commissions of up to 1.00% based on annual total contract value for as long as the contract remains in effect. We also may pay a temporary additional sales commission of up to 1.00% of purchase payments for a period of time we select. These commissions do not change depending on which subaccounts you choose to allocate your purchase payments. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 71 From time to time and in accordance with applicable laws and regulations, we may also pay or provide the selling firm with various cash and non-cash promotional incentives including, but not limited to bonuses, short-term sales incentive payments, marketing allowances, costs associated with sales conferences and educational seminars and sales recognition awards. A portion of the payments made to the selling firm may be passed on to its financial advisors in accordance with its internal compensation programs. Those programs may also include other types of cash and non-cash compensation and other benefits. Ask your financial advisor for further information about what your financial advisor and the selling firm for which he or she works may receive in connection with your contract. We pay the commissions and other compensation described above from our assets. Our assets include: - revenues we receive from fees and expenses that you will pay when buying, owning and surrendering the contract (see "Expense Summary"); - compensation we or an affiliate receive from the underlying funds in the form of distribution and services fees (see "The Variable Account and the Funds -- The Funds"); - compensation we or an affiliate receive from a fund's investment adviser, subadviser, distributor or an affiliate of any of these (see "The Variable Account and the Funds -- The Funds"); and - revenues we receive from other contracts and policies we sell that are not securities and other businesses we conduct. You do not directly pay the commissions and other compensation described above as the result of a specific charge or deduction under the contract. However, you may pay part of all of the commissions and other compensation described above indirectly through: - fees and expenses we collect from contract owners, including surrender charges; and - fees and expenses charged by the underlying funds in which the subaccounts you select invest, to the extent we or one of our affiliates receive revenue from the funds or an affiliated person. ISSUER We issue the contracts. We are a stock life insurance company organized in 1957 under the laws of the state of Minnesota and are located at 70100 Ameriprise Financial Center, Minneapolis, MN 55474. We are a wholly-owned subsidiary of Ameriprise Financial, Inc. We conduct a conventional life insurance business. We are licensed to do business in 49 states, the District of Columbia and American Samoa. Our primary products currently include fixed and variable annuity contracts and life insurance policies. LEGAL PROCEEDINGS Life insurance companies have been the subject of increasing regulatory, legislative and judicial scrutiny. Numerous state and federal regulatory agencies have commenced examinations and other inquiries of insurance companies regarding sales and marketing practices (including sales to older consumers and disclosure practices), compensation arrangements and anticompetitive activities. RiverSource Life is involved in the normal course of business in a number of other legal, arbitration and regulatory proceedings concerning matters arising in connection with the conduct of its business activities. RiverSource Life believes that it is not a party to, nor are any of its properties the subject of, any pending legal, arbitration or regulatory proceedings that would have a material adverse effect on its consolidated financial condition, results of operations or liquidity. However, it is possible that the outcome of any such proceedings could have a material adverse impact on results of operations in any particular reporting period as the proceedings are resolved. ADDITIONAL INFORMATION INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE To the extent and only to the extent that any statement in a document incorporated by reference into this prospectus is modified or superseded by a statement in this prospectus or in a later-filed document, such statement is hereby deemed so modified or superseded and not part of this prospectus. The Annual Report on Form 10-K of RiverSource Life Insurance Company for the year ended Dec. 31, 2010 that we previously filed with the SEC under the Securities Exchange Act of 1934 (1934 Act) is incorporated by reference into this prospectus. To access these documents, see "SEC Filings" under "Investors Relations" on our website at www.ameriprise.com. RiverSource Life will furnish you without charge a copy of any or all of the documents incorporated by reference into this prospectus, including any exhibits to such documents which have been specifically incorporated by reference. We will do so upon receipt of your written or oral request. You can contact RiverSource Life at the telephone number and address listed on the first page of this prospectus. 72 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS AVAILABLE INFORMATION This prospectus is part of a registration statement we file with the SEC. Additional information on RiverSource Life and on this offering is available in the registration statement and other materials we file. You can obtain copies of these materials at the SEC's Public Reference Room at 100 F Street, N.E., N.W., Washington, D.C. 20549. You can obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains an Internet site that contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC. This prospectus, other information about the contract and other information incorporated by reference are available on the EDGAR Database on the SEC's Internet site at (http://www.sec.gov). INDEMNIFICATION Insofar as indemnification for liabilities arising under the Securities Act of 1933 (1933 Act) may be permitted to directors and officers or persons controlling RiverSource Life pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the 1933 Act and is therefore unenforceable. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 73 APPENDICES The purpose of these appendices is to illustrate the operation of various contract features and riders and to provide condensed financial history disclosure regarding the subaccounts. In order to demonstrate these contract features and riders, an example may show hypothetical contract values. These contract values do not represent past or future performance. Actual contract values may be more or less than those shown and will depend on a number of factors, including but not limited to the investment experience of the subaccounts, GPAs, Special DCA account, fixed account and the fees and charges that apply to your contract. The examples of the optional riders and death benefits in Appendix C include partial surrenders to illustrate the effect of partial surrenders on the particular benefit. These examples are intended to show how the optional riders and death benefits operate, and do not take into account whether a particular optional rider or death benefit is part of a qualified annuity. Qualified annuities are subject to RMDs at certain ages (see "Taxes -- Qualified Annuities -- Required Minimum Distributions") which may require you to take partial surrenders from the contract. If you are considering the addition of certain death benefits and/or optional riders to a qualified annuity, you should consult your tax advisor prior to making a purchase for an explanation of the potential tax implication to you. 74 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS APPENDIX A: EXAMPLE -- MARKET VALUE ADJUSTMENT (MVA) As the examples below demonstrate, the application of an MVA may result in either a gain or a loss of principal. We refer to all of the transactions described below as "early surrenders." GENERAL EXAMPLES ASSUMPTIONS: - You purchase a contract and allocate part of your purchase payment to the ten- year GPA; and - we guarantee an interest rate of 3.0% annually for your ten-year Guarantee Period; and - after three years, you decide to make a surrender from your GPA. In other words, there are seven years left in your guarantee period. Remember that the MVA depends partly on the interest rate of a new GPA for the same number of years as the Guarantee Period remaining on your GPA. In this case, that is seven years. EXAMPLE 1: Remember that your GPA is earning 3.0%. Assume at the time of your surrender new GPAs that we offer with a seven-year Guarantee Period are earning 3.5%. We add 0.10% to the 3.5% rate to get 3.6%. Your GPA's 3.0% rate is less than the 3.6% rate so the MVA will be negative. EXAMPLE 2: Remember again that your GPA is earning 3.0%, and assume that new GPAs that we offer with a seven-year Guarantee Period are earning 2.5%. We add 0.10% to the 2.5% rate to get 2.6%. In this example, since your GPA's 3.0% rate is greater than the 2.6% rate, the MVA will be positive. To determine that adjustment precisely, you will have to use the formula described below. SAMPLE MVA CALCULATIONS The precise MVA formula we apply is as follows: 1 + II EARLY WITHDRAWAL AMOUNT X [( --------------- ) (N/12) - 1] = MVA 1 + J + .001
Where i = rate earned in the GPA from which amounts are being transferred or surrendered. j = current rate for a new Guaranteed Period equal to the remaining term in the current Guarantee Period (rounded up to the next year). n = number of months remaining in the current Guarantee Period (rounded up to the next month) EXAMPLES -- MVA Using assumptions similar to those we used in the examples above: - You purchase a contract and allocate part of your purchase payment to the ten- year GPA; and - we guarantee an interest rate of 3.0% annually for your ten-year Guarantee Period; and - after three years, you decide to make a $1,000 surrender from your GPA. In other words, there are seven years left in your guarantee period. EXAMPLE 1: You request an early surrender of $1,000 from your ten-year GPA earning a guaranteed interest rate of 3.0%. Assume at the time of your surrender new GPAs that we offer with a seven-year Guarantee Period are earning 3.5%. Using the formula above, we determine the MVA as follows: 1.030 $1,000 X [( ----------------- ) (84/12) - 1] = -$39.84 1 + .035 + .001)
In this example, the MVA is a negative $39.84. EXAMPLE 2: You request an early surrender of $1,000 from your ten-year GPA earning a guaranteed interest rate of 3.0%. Assume at the time of your surrender new GPAs that we offer with a seven-year Guarantee Period are earning 2.5%. Using the formula above, we determine the MVA as follows: 1.030 $1,000 X [( ----------------- ) (84/12) - 1] = $27.61 1 + .025 + .001)
In this example, the MVA is a positive $27.61. We do not apply MVAs to the amounts we deduct for surrender charges, so we would deduct the surrender charge from your early surrender after we applied the MVA. Also note that when you request an early surrender, we surrender an amount from RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 75 your GPA that will give you the net amount you requested after we apply the MVA and any applicable surrender charge, unless you request otherwise. The current interest rate we offer on the GPA will change periodically at our discretion. It is the rate we are then paying on purchase payments, renewals and transfers paid under this class of contracts for Guarantee Period durations equaling the remaining Guarantee Period of the GPA to which the formula is being applied. 76 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS APPENDIX B: EXAMPLE -- SURRENDER CHARGES FULL SURRENDER CHARGE CALCULATION -- TEN-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge for a full surrender on a RAVA Advantage Plus contract with a ten-year surrender charge schedule with the following history: - we receive a single $100,000 purchase payment; and - you surrender the contract for its total value during the fourth contract year. The surrender charge percentage in the fourth year after a purchase payment is 7.0%; and - you have made no prior partial surrenders. WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT WITH GAIN CONTRACT WITH LOSS Contract Value at time of full $120,000.00 $ 80,000.00 surrender: Contract Value on prior anniversary: 115,000.00 85,000.00 STEP 1. We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: Earnings in the contract: 20,000.00 0.00 10% of the prior anniversary's contract 11,500.00 8,500.00 value: ----------- ----------- Total Free Amount: 20,000.00 8,500.00 STEP 2. We determine the TFA that is from Purchase Payments: Total Free Amount: 20,000.00 8,500.00 Earnings in the contract: 20,000.00 0.00 Purchase Payments being Surrendered 0.00 8,500.00 Free (PPF): STEP 3. We calculate the Premium Ratio (PR): PR = [WD - TFA] / [CV - TFA] WD = 120,000.00 80,000.00 = the amount of the surrender TFA = 20,000.00 8,500.00 = the total free amount, step 1 CV = 120,000.00 80,000.00 = the contract value at the time of the surrender PR = 100% 100% = the premium ratio STEP 4. We calculate Chargeable Purchase Payments being Surrendered (CPP): CPP = PR X (PP - PPF) PR = 100% 100% = premium ratio, step 3 PP = 100,000.00 100,000.00 = purchase payments not previously surrendered PPF = 0.00 8,500.00 = purchase payments being surrendered free, step 2 CPP = 100,000.00 91,500.00 STEP 5. We calculate the Surrender Charges: Chargeable Purchase Payments: 100,000.00 91,500.00 Surrender Charge Percentage: 7% 7% Surrender Charge: 7,000.00 6,405.00 STEP 6. We calculate the Net Surrender Value: 120,000.00 80,000.00 Contract Value Surrendered: (7,000.00) (6,405.00) Contract Charge (assessed upon full (30.00) (30.00) surrender): NET FULL SURRENDER PROCEEDS: 112,970.00 73,565.00
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 77 PARTIAL SURRENDER CHARGE CALCULATION -- TEN-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge for a partial surrender on a RAVA Advantage Plus contract with a ten-year surrender charge schedule with the following history: - we receive a single $100,000 purchase payment; and - you request a gross partial surrender of $50,000 during the fourth contract year. The surrender charge percentage is 7.0%; and - you have made no prior partial surrenders. WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT WITH GAIN CONTRACT WITH LOSS Contract Value at time of partial $120,000.00 $ 80,000.00 surrender: Contract Value on prior anniversary: 115,000.00 85,000.00 STEP 1. We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: Earnings in the contract: 20,000.00 0.00 10% of the prior anniversary's 11,500.00 8,500.00 contract value: ----------- ----------- Total Free Amount: 20,000.00 8,500.00 STEP 2. We determine the TFA that is from Purchase Payments: Total Free Amount: 20,000.00 8,500.00 Earnings in the contract: 20,000.00 0.00 Purchase Payments being Surrendered 0.00 8,500.00 Free (PPF): STEP 3. We calculate the Premium Ratio (PR): PR = [WD - TFA] / [CV - TFA] WD = 50,000.00 50,000.00 = the amount of the surrender TFA = 20,000.00 8,500.00 = the total free amount, step 1 CV = 120,000.00 80,000.00 = the contract value at the time of surrender PR = 30% 58% = the premium ratio STEP 4. We calculate the Chargeable Purchase Payments being Surrendered (CPP): CPP = PR X (PP - PPF) PR = 30% 58% = premium ratio, step 3 PP = 100,000.00 100,000.00 = purchase payments not previously surrendered PPF = 0.00 8,500.00 = purchase payments being surrendered free, step 2 CPP = 30,000.00 53,108.39 = chargeable purchase payments being surrendered STEP 5. We calculate the Surrender Charges: Chargeable Purchase Payments: 30,000.00 53,108.39 Surrender Charge Percentage: 7% 7% Surrender Charge: 2,100 3,718 STEP 6. We calculate the Net Surrender Value: Contract Value Surrendered: 50,000.00 50,000.00 SURRENDER CHARGE: (2,100.00) (3,717.59) NET PARTIAL SURRENDER PROCEEDS: 47,900.00 46,282.41
78 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS FULL SURRENDER CHARGE CALCULATION -- THREE-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge for a full surrender on a RAVA Select Plus contract with a three-year surrender charge schedule with the following history: - we receive a single $100,000 purchase payment; and - you surrender the contract for its total value during the second contract year. The surrender charge percentage in the year after a purchase payment is 7.0%; and - you have made no prior partial surrenders. WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT WITH GAIN CONTRACT WITH LOSS Contract Value at time of full $120,000.00 $ 80,000.00 surrender: Contract Value on prior anniversary: 115,000.00 85,000.00 STEP 1. We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: Earnings in the Contract: 20,000.00 0.00 10% of the prior anniversary's 11,500.00 8,500.00 contract value: ----------- ----------- Total Free Amount: 20,000.00 8,500.00 STEP 2. We determine the TFA and Amount Free that is from Purchase Payments: Total Free Amount: 20,000.00 8,500.00 Earnings in the contract: 20,000.00 0.00 Purchase Payments being Surrendered 0.00 8,500.00 Free (PPF): STEP 3. We calculate the Premium Ratio (PR): PR = [WD - TFA] / [CV - TFA] WD = 120,000.00 80,000.00 = the amount of the surrender TFA = 20,000.00 8,500.00 = the total free amount, step 1 CV = 120,000.00 80,000.00 = the contract value at the time of the surrender PR = 100% 100% STEP 4. We calculate Chargeable Purchase Payments being Surrendered (CPP): CPP = PR X (PP - PPF) PR = 100% 100% = premium ratio, step 3 PP = 100,000.00 100,000.00 = purchase payments not previously surrendered PPF = 0.00 8,500.00 = purchase payments being surrendered free, step 2 CPP = 100,000.00 91,500.00 STEP 5. We calculate the Surrender Charges: Chargeable Purchase Payments: 100,000.00 91,500.00 Surrender Charge Percentage: 7% 7% Surrender Charge: 7,000.00 6,405.00 STEP 6. We calculate the Net Surrender 120,000.00 80,000.00 Value: Contract Value Surrendered: (7,000.00) (6,405.00) Contract Charge (assessed upon full (30.00) (30.00) surrender): NET FULL SURRENDER PROCEEDS: 112,970.00 73,565.00
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 79 PARTIAL SURRENDER CHARGE CALCULATION -- THREE-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge for a partial surrender on a RAVA Select Plus contract with a three-year surrender charge schedule with the following history: - we receive a single $100,000 purchase payment; and - you request a gross partial surrender of $50,000 during the second contract year. The surrender charge percentage is 7.0%; and - you have made no prior partial surrenders. WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT WITH GAIN CONTRACT WITH LOSS Contract Value at time of partial $120,000.00 $ 80,000.00 surrender: Contract Value on prior anniversary: 115,000.00 85,000.00 STEP 1. We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: Earnings in the contract: 20,000.00 0.00 10% of the prior anniversary's 11,500.00 8,500.00 contract value: ----------- ----------- Total Free Amount: 20,000.00 8,500.00 STEP 2. We determine the Amount Free that is from Purchase Payments: Total Free Amount: 20,000.00 8,500.00 Earnings in the contract: 20,000.00 0.00 Purchase Payments being Surrendered 0.00 8,500.00 Free (PPF): STEP 3. We calculate the Premium Ratio (PR): PR = [WD - TFA] / [CV - TFA] WD = 50,000.00 50,000.00 = the amount of the surrender TFA = 20,000.00 8,500.00 = the total free amount, step 1 CV = 120,000.00 80,000.00 = the contract value at the time of surrender PR = 30% 58% = the premium ratio STEP 4. We calculate the Chargeable Purchase Payments being Surrendered (CPP): CPP = PR X (PP - PPF) PR = 30% 58% = premium ratio, step 3 PP = 100,000.00 100,000.00 = purchase payments not previously surrendered PPF = 0.00 8,500.00 = purchase payments being surrendered free, step 2 CPP = 30,000.00 53,108.39 = chargeable purchase payments being surrendered STEP 5. We calculate the Surrender Charges: Chargeable Purchase Payments: 30,000.00 53,108.39 Surrender Charge Percentage: 7% 7% Surrender Charge: 2,100 3,718 STEP 6. We calculate the Net Surrender Value: Contract Value Surrendered: 50,000.00 50,000.00 SURRENDER CHARGE: (2,100.00) (3,717.59) NET PARTIAL SURRENDER PROCEEDS: 47,900.00 46,282.41
80 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS APPENDIX C: EXAMPLE -- OPTIONAL BENEFITS EXAMPLE -- ACCUMULATION BENEFIT The following example shows how the Accumulation Benefit rider works based on hypothetical values. It is not intended to depict investment performance of the contract. The example assumes: - You purchase the contract (with the Accumulation Benefit rider) with a payment of $100,000. No purchase payment credit applies. - You make no additional purchase payments. - You do not exercise the Elective Step-up option. - The Accumulation Benefit rider fee is 0.60%.
END OF CONTRACT ASSUMED NET PARTIAL SURRENDER ADJUSTED ACCUMULATION YEAR RATE OF RETURN (BEGINNING OF YEAR) PARTIAL SURRENDER MCAV BENEFIT AMOUNT CONTRACT VALUE 1 12% 0 0 100,000 0 111,328 2 15% 0 0 102,422 0 127,259 3 3% 0 0 104,861 0 130,290 4 -8% 0 0 104,861 0 119,148 5 -15% 0 0 104,861 0 100,647 6 20% 2,000 2,084 102,778 0 117,666 7 15% 0 0 108,252 0 134,504 8 -10% 0 0 108,252 0 120,327 9 -20% 5,000 4,498 103,754 0 91,639 10 -12% 0 0 103,754 23,734 103,754
EXAMPLE -- WITHDRAWAL BENEFIT The following example shows how the Withdrawal Benefit rider works based on hypothetical values. It is not intended to depict investment performance of the contract. The example assumes: - You purchase the RAVA Select contract (with the Withdrawal Benefit rider) with a payment of $100,000. No purchase payment credit applies. - You make no additional purchase payments. - The contract earns a net return of -5%. - The Withdrawal Benefit rider fee is 0.60%. RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 81 - You take withdrawals equal to the GBP (which is 7% of the GBA or $7,000) at the beginning of each contract year until the RBA is exhausted.
CONTRACT CONTRACT VALUE WITHDRAWAL CONTRACT VALUE YEAR (BEGINNING OF YEAR) (BEGINNING OF YEAR) (END OF YEAR) GBA RBA 1 $100,000 $7,000 $87,820 $100,000 $93,000 2 87,820 7,000 76,318 100,000 86,000 3 76,318 7,000 65,457 100,000 79,000 4 65,457 7,000 55,201 100,000 72,000 5 55,201 7,000 45,516 100,000 65,000 6 45,516 7,000 36,371 100,000 58,000 7 36,371 7,000 27,735 100,000 51,000 8 27,735 7,000 19,550 100,000 44,000 9 19,550 7,000 11,821 100,000 37,000 10 11,821 7,000 4,523 100,000 30,000 11 4,523 7,000 0 100,000 23,000 12 0 7,000 0 100,000 16,000 13 0 7,000 0 100,000 9,000 14 0 7,000 0 100,000 2,000 15 0 2,000 0 100,000 0
EXAMPLE -- ROPP DEATH BENEFIT - You purchase the contract (with the ROPP rider) with a payment of $20,000. - The contract value falls to $18,000, at which point you take a $1,500 partial surrender, leaving a contract value of $16,500. WE CALCULATE THE DEATH BENEFIT AS FOLLOWS: The total purchase payments minus adjustments for partial surrenders: Total purchase payments $20,000 minus adjusted partial surrenders, calculated as: $1,500 x $20,000 ---------------- = -1,667 $18,000 ------- for a death benefit of: $18,333
EXAMPLE -- MAV DEATH BENEFIT - You purchase the contract (with the MAV rider) with a payment of $20,000. - On the first contract anniversary the contract value grows to $24,000. - During the second contract year the contract value falls to $22,000, at which point you take a $1,500 partial surrender, leaving a contract value of $20,500. WE CALCULATE THE DEATH BENEFIT AS FOLLOWS: The maximum anniversary value immediately preceding the date of death plus any payments made since that anniversary minus adjusted partial surrenders: Greatest of your contract anniversary contract values: $24,000 plus purchase payments made since that anniversary: +0 minus adjusted partial surrenders, calculated as: $1,500 x $24,000 ---------------- = -1,636 $22,000 ------- for a death benefit of: $22,364
EXAMPLE -- 5-YEAR MAV DEATH BENEFIT - You purchase the contract (with the 5-Year MAV rider) with a payment of $20,000. - On the fifth contract anniversary the contract value grows to $30,000. - During the sixth contract year the contract value falls to $25,000, at which point you take a $1,500 partial surrender, leaving a contract value of $23,500. 82 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS WE CALCULATE THE DEATH BENEFIT AS FOLLOWS: The maximum 5-year anniversary value immediately preceding the date of death plus any payments made since that anniversary minus adjusted partial surrenders: Greatest of your 5-year contract anniversary contract values: $30,000 plus purchase payments made since that anniversary: +0 minus adjusted partial surrenders, calculated as: $1,500 x $30,000 ---------------- = -1,800 $25,000 ------- for a death benefit of: $28,200
EXAMPLE -- EEB DEATH BENEFIT - You purchase the contract with a payment of $100,000 and you are under age 70. You select the seven-year surrender charge schedule, the MAV and the EEB. - During the first contract year the contract value grows to $105,000. The death benefit equals the standard death benefit, which is the contract value less purchase payment credits reversed, or $104,000. You have not reached the first contract anniversary so the EEB does not provide any additional benefit at this time. - On the first contract anniversary the contract value grows to $110,000. The death benefit equals: MAV death benefit amount (contract value): $110,000 plus the EEB which equals 40% of earnings at death (MAV death benefit amount minus payments not previously surrendered): 0.40 x ($110,000 - $100,000) = +4,000 -------- Total death benefit of: $114,000
- On the second contract anniversary the contract value falls to $105,000. The death benefit equals: MAV death benefit amount (maximum anniversary value): $110,000 plus the EEB (40% of earnings at death): 0.40 x ($110,000 - $100,000) = +4,000 -------- Total death benefit of: $114,000
- During the third contract year the contract value remains at $105,000 and you request a partial surrender, including the applicable 7% surrender charge, of $50,000. We will surrender $10,500 from your contract value free of charge (10% of your prior anniversary's contract value). The remainder of the surrender is subject to a 7% surrender charge because your purchase payment is two years old, so we will surrender $39,500 ($36,735 + $2,765 in surrender charges) from your contract value. Altogether, we will surrender $50,000 and pay you $47,235. We calculate purchase payments not previously surrendered as $100,000 -- $45,000 = $55,000 (remember that $5,000 of the partial surrender is contract earnings). The death benefit equals: MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): ($50,000 x $110,000) $110,000 - -------------------- = $57,619 $105,000 plus the EEB (40% of earnings at death): 0.40 x ($57,619 - $55,000) = +1,048 ------- Total death benefit of: $58,667
- On the third contract anniversary the contract value falls by $40,000. The death benefit remains at $58,667. The reduction in contract value has no effect. - On the ninth contract anniversary the contract value grows to a new high of $200,000. Earnings at death reaches its maximum of 250% of purchase payments not previously surrendered that are one or more years old. The death benefit equals: MAV death benefit amount (contract value): $200,000 plus the EEB (40% of earnings at death) 0.40 x 2.50 x ($55,000) = +55,000 -------- Total death benefit of: $255,000
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 83 - During the tenth contract year you make an additional purchase payment of $50,000 and your contract value grows to $250,500. The new purchase payment is less than one year old and so it has no effect on the EEB. The death benefit equals: MAV death benefit amount (contract value less purchase payment credits reversed) $250,000 plus the EEB (40% of earnings at death) 0.40 x 2.50 x ($55,000) = +55,000 -------- Total death benefit of: $305,000
- During the eleventh contract year the contract value remains $250,500 and the "new" purchase payment is now one year old. The value of the EEB changes. The death benefit equals: MAV death benefit amount (contract value): $250,500 plus the EEB which equals 40% of earnings at death (the standard death benefit amount minus payments not previously surrendered): 0.40 x ($250,500 - $105,000) = +58,200 -------- Total death benefit of: $308,700
EXAMPLE -- EEP DEATH BENEFIT - You purchase the contract with an exchange purchase payment of $100,000 and you are under age 70. You select the seven-year surrender charge schedule, the MAV and the EEP. - During the first contract year the contract value grows to $105,000. The death benefit equals the standard death benefit amount, which is the contract value less purchase payment credits reversed, or $104,000. You have not reached the first contract anniversary so neither the EEP Part I nor Part II provides any additional benefit at this time. - On the first contract anniversary the contract value grows to $110,000. You have not reached the second contract anniversary so the EEP Part II does not provide any additional benefit at this time. The death benefit equals: MAV death benefit amount (contract value): $110,000 plus the EEP Part I which equals 40% of earnings at death (the MAV death benefit amount minus purchase payments not previously surrendered): 0.40 x ($110,000 - $100,000) = +4,000 -------- Total death benefit of: $114,000
- On the second contract anniversary the contract value falls to $105,000. The death benefit equals: MAV death benefit amount (maximum anniversary value): $110,000 plus the EEP Part I (40% of earnings at death): 0.40 x ($110,000 - $100,000) = +4,000 plus the EEP Part II which in the third contract year equals 10% of exchange purchase payments identified at issue and not previously surrendered: 0.10 x $100,000 = +10,000 -------- Total death benefit of: $124,000
84 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS - During the third contract year the contract value remains at $105,000 and you request a partial surrender, including the applicable 7% surrender charge, of $50,000. We will surrender $10,500 from your contract value free of charge (10% of your prior anniversary's contract value). The remainder of the surrender is subject to a 7% surrender charge because your purchase payment is two years old, so we will surrender $39,500 ($36,735 + $2,765 in surrender charges) from your contract value. Altogether, we will surrender $50,000 and pay you $47,235. We calculate purchase payments not previously surrendered as $100,000 -- $45,000 = $55,000 (remember that $5,000 of the partial surrender is contract earnings). The death benefit equals: MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): ($50,000 x $110,000) $110,000 - -------------------- = $57,619 $105,000 plus the EEP Part I (40% of earnings at death): 0.40 x ($57,619 - $55,000) = +1,048 plus the EEP Part II which in the third contract year equals 10% of exchange purchase payments identified at issue and not previously surrendered: 0.10 x $55,000 = +5,500 ------- Total death benefit of: $64,167
- On the third contract anniversary the contract value falls by $40,000. The death benefit remains at $64,167. The reduction in contract value has no effect. - On the ninth contract anniversary the contract value grows to a new high of $200,000. Earnings at death reaches its maximum of 250% of purchase payments not previously surrendered that are one or more years old. Because we are beyond the fourth contract anniversary the EEP also reaches its maximum of 20%. The death benefit equals: MAV death benefit amount (contract value): $200,000 plus the EEP Part I (40% of earnings at death) .40 x (2.50 x $55,000) = +55,000 plus the EEP Part II which after the fourth contract year equals 20% of exchange purchase payments identified at issue and not previously surrendered: 0.20 x $55,000 = +11,000 -------- Total death benefit of: $266,000
- During the tenth contract year you make an additional purchase payment of $50,000 and your contract value grows to $250,500. The new purchase payment is less than one year old and so it has no effect on either the EEP Part I or EEP Part II. The death benefit equals: MAV death benefit amount (contract value less purchase payment credits reversed): $250,000 plus the EEP Part I (40% of earnings at death) .40 x (2.50 x $55,000) = +55,000 plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments identified at issue and Not previously surrendered: 0.20 x $55,000 = +11,000 -------- Total death benefit of: $316,000
- During the eleventh contract year the contract value remains $250,500 and the "new" purchase payment is now one year old. The value of the EEP Part I changes but the value of the EEP Part II remains constant. The death benefit equals: MAV death benefit amount (contract value): $250,500 the EEP Part I which equals 40% of earnings at death (the MAV death benefit minus payments not previously surrendered): 0.40 x ($250,500 - $105,000) = +58,200 plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments identified at issue And not previously surrendered: 0.20 x $55,000 = +11,000 -------- Total death benefit of: $319,700
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 85 APPENDIX D: CONDENSED FINANCIAL INFORMATION (UNAUDITED) The following tables give per-unit information about the financial history of each subaccount. The date in which operations commenced in each subaccount is noted in parentheses. We have not provided this information to subaccounts that were not available under your contract as of Dec. 31, 2010.
VARIABLE ACCOUNT CHARGES OF 0.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.08 $0.71 $1.36 $1.14 $1.06 $1.00 -- -- -- -- Accumulation unit value at end of period $1.28 $1.08 $0.71 $1.36 $1.14 $1.06 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 76 69 49 61 653 144 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $0.97 $0.81 $1.37 $1.31 $1.13 $1.09 $0.98 $0.75 $0.97 $1.00 Accumulation unit value at end of period $1.08 $0.97 $0.81 $1.37 $1.31 $1.13 $1.09 $0.98 $0.75 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 321 388 452 1,081 1,374 1,186 726 969 310 136 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $1.66 $1.24 $2.68 $2.55 $1.90 $1.64 $1.32 $0.92 $0.98 $1.00 Accumulation unit value at end of period $1.72 $1.66 $1.24 $2.68 $2.55 $1.90 $1.64 $1.32 $0.92 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 1,076 1,925 3,352 3,600 3,592 2,607 984 472 606 210 -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.24 $0.93 $1.70 $1.45 $1.17 $1.04 $0.91 $0.74 $0.93 $1.00 Accumulation unit value at end of period $1.39 $1.24 $0.93 $1.70 $1.45 $1.17 $1.04 $0.91 $0.74 $0.93 Number of accumulation units outstanding at end of period (000 omitted) 65 263 286 389 365 314 127 5 254 1 -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.88 $0.68 $0.90 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.88 $0.68 $0.90 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 153 1,289 1,327 1,710 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.93 $0.69 $1.20 $1.00 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 $0.93 $0.69 $1.20 $1.00 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 73 91 72 187 2,939 618 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.31 $1.10 $1.51 $1.61 $1.36 $1.31 $1.15 $0.90 $1.04 $1.00 Accumulation unit value at end of period $1.47 $1.31 $1.10 $1.51 $1.61 $1.36 $1.31 $1.15 $0.90 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 525 469 483 848 1,060 1,104 1,064 673 483 146 -------------------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (05/01/2000) Accumulation unit value at beginning of period $0.99 $0.79 $1.16 $1.13 $1.05 $1.00 $0.93 $0.78 $0.89 $0.96 Accumulation unit value at end of period $1.10 $0.99 $0.79 $1.16 $1.13 $1.05 $1.00 $0.93 $0.78 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 6 10 24 21 18 5 54 8 8 6 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.09 $0.88 $1.26 $1.25 $1.10 $1.06 $0.97 $0.81 $0.94 $1.06 Accumulation unit value at end of period $1.22 $1.09 $0.88 $1.26 $1.25 $1.10 $1.06 $0.97 $0.81 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 634 733 602 372 459 623 257 221 120 296 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (09/15/1999) Accumulation unit value at beginning of period $1.24 $1.25 $1.22 $1.17 $1.13 $1.11 $1.11 $1.11 $1.10 $1.07 Accumulation unit value at end of period $1.23 $1.24 $1.25 $1.22 $1.17 $1.13 $1.11 $1.11 $1.11 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 613 2,492 10,988 11,779 8,286 4,504 2,098 447 3,911 5,658 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 3) at Dec. 31, 2010 were (0.63%) and (0.63%), respectively. -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.51 $1.33 $1.43 $1.36 $1.31 $1.29 $1.24 $1.20 $1.14 $1.06 Accumulation unit value at end of period $1.63 $1.51 $1.33 $1.43 $1.36 $1.31 $1.29 $1.24 $1.20 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 3,828 10,140 8,140 9,540 7,272 3,619 2,145 1,691 762 985 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.47 $1.16 $1.96 $1.83 $1.53 $1.36 $1.16 $0.82 $1.02 $1.01 Accumulation unit value at end of period $1.71 $1.47 $1.16 $1.96 $1.83 $1.53 $1.36 $1.16 $0.82 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 2,153 7,610 8,565 9,289 9,434 5,165 3,041 1,239 1,262 281 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.70 $0.57 $0.99 $0.97 $0.85 $0.80 $0.76 $0.59 $0.76 $0.94 Accumulation unit value at end of period $0.82 $0.70 $0.57 $0.99 $0.97 $0.85 $0.80 $0.76 $0.59 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 565 877 1,397 1,682 2,453 3,121 1,484 172 202 291 --------------------------------------------------------------------------------------------------------------------------
86 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $2.31 $1.33 $2.90 $2.11 $1.58 $1.19 $0.96 $0.69 $0.73 $0.75 Accumulation unit value at end of period $2.75 $2.31 $1.33 $2.90 $2.11 $1.58 $1.19 $0.96 $0.69 $0.73 Number of accumulation units outstanding at end of period (000 omitted) 1,028 1,522 2,437 1,993 2,144 1,491 475 115 277 3 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.72 $1.55 $1.56 $1.46 $1.38 $1.46 $1.33 $1.18 $1.04 $1.03 Accumulation unit value at end of period $1.82 $1.72 $1.55 $1.56 $1.46 $1.38 $1.46 $1.33 $1.18 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 1,599 3,215 2,861 3,115 2,645 1,377 741 714 251 249 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.20 $1.13 $1.13 $1.06 $1.05 $1.03 $1.00 -- -- -- Accumulation unit value at end of period $1.24 $1.20 $1.13 $1.13 $1.06 $1.05 $1.03 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,988 5,705 2,307 2,713 2,959 1,455 5,004 -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (04/28/2006) Accumulation unit value at beginning of period $1.16 $0.81 $1.09 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.29 $1.16 $0.81 $1.09 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 321 461 402 788 585 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.61 $1.05 $1.41 $1.39 $1.26 $1.22 $1.10 $0.89 $0.95 $0.91 Accumulation unit value at end of period $1.82 $1.61 $1.05 $1.41 $1.39 $1.26 $1.22 $1.10 $0.89 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 706 639 713 1,605 1,925 2,397 2,886 4,230 1,480 1,549 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.34 $0.95 $1.17 $1.15 $1.07 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.51 $1.34 $0.95 $1.17 $1.15 $1.07 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,132 5,111 2,233 2,599 2,358 493 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.96 $0.76 $1.28 $1.14 $0.92 $0.82 $0.70 $0.55 $0.67 $0.95 Accumulation unit value at end of period $1.09 $0.96 $0.76 $1.28 $1.14 $0.92 $0.82 $0.70 $0.55 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 399 910 1,080 1,307 1,343 1,252 848 143 488 65 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.57 $0.42 $0.75 $0.73 $0.67 $0.62 $0.57 $0.47 $0.64 $0.94 Accumulation unit value at end of period $0.66 $0.57 $0.42 $0.75 $0.73 $0.67 $0.62 $0.57 $0.47 $0.64 Number of accumulation units outstanding at end of period (000 omitted) 1,192 2,260 2,601 3,768 6,049 6,193 2,153 1,664 1,064 1,285 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.91 $0.72 $1.20 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.10 $0.91 $0.72 $1.20 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 699 7,497 6,506 5,466 2,834 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.65 $1.27 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.89 $0.65 $1.27 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 459 810 730 772 2,194 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (05/01/2001) Accumulation unit value at beginning of period $1.26 $0.78 $1.41 $1.25 $1.26 $1.15 $1.06 $0.87 $1.01 $1.00 Accumulation unit value at end of period $1.58 $1.26 $0.78 $1.41 $1.25 $1.26 $1.15 $1.06 $0.87 $1.01 Number of accumulation units outstanding at end of period (000 omitted) 238 363 242 268 450 655 523 578 328 38 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.15 $0.82 $1.50 $1.37 $1.20 $1.00 -- -- -- -- Accumulation unit value at end of period $1.40 $1.15 $0.82 $1.50 $1.37 $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 338 1,292 1,658 1,406 2,575 115 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $0.83 $0.66 $1.05 $1.01 $0.88 $0.85 $0.77 $0.61 $0.79 $0.90 Accumulation unit value at end of period $0.94 $0.83 $0.66 $1.05 $1.01 $0.88 $0.85 $0.77 $0.61 $0.79 Number of accumulation units outstanding at end of period (000 omitted) 314 741 1,447 1,022 1,170 2,054 1,958 1,381 973 770 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.01 $0.81 $1.34 $1.35 $1.14 $1.10 $1.00 -- -- -- Accumulation unit value at end of period $1.21 $1.01 $0.81 $1.34 $1.35 $1.14 $1.10 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 120 195 67 67 184 92 65 -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.44 $1.04 $1.70 $1.79 $1.61 $1.54 $1.31 $0.89 $1.08 $1.16 Accumulation unit value at end of period $1.82 $1.44 $1.04 $1.70 $1.79 $1.61 $1.54 $1.31 $0.89 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 71 57 113 214 333 514 779 660 393 378 --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 87
VARIABLE ACCOUNT CHARGES OF 0.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.36 $1.30 $1.34 $1.28 $1.24 $1.23 $1.22 $1.21 $1.15 $1.09 Accumulation unit value at end of period $1.39 $1.36 $1.30 $1.34 $1.28 $1.24 $1.23 $1.22 $1.21 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 1,670 825 1,394 817 493 688 870 1,097 1,275 592 -------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.75 $1.13 $0.97 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.03 $0.89 $0.75 $1.13 $0.97 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 533 605 506 677 1,600 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.70 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.87 $0.70 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 581 914 547 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.98 $0.84 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.06 $0.98 $0.84 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 33 50 -- -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.91 $0.76 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 111 41 -- -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 85 83 67 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.94 $0.79 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.94 $0.79 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- 3 -- -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.08 $0.76 $1.04 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.18 $1.08 $0.76 $1.04 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,433 2,787 2,025 2,116 2,567 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.93 $0.69 $1.21 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.08 $0.93 $0.69 $1.21 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,532 4,368 8,518 7,443 6,582 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.04 $0.82 $1.42 $1.28 $1.14 $1.06 $1.01 $0.83 $1.00 $1.00 Accumulation unit value at end of period $1.18 $1.04 $0.82 $1.42 $1.28 $1.14 $1.06 $1.01 $0.83 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 473 805 963 1,126 1,624 1,338 994 432 233 132 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.99 $1.43 $2.39 $2.08 $1.86 $1.59 $1.28 $0.93 $1.04 $1.00 Accumulation unit value at end of period $2.55 $1.99 $1.43 $2.39 $2.08 $1.86 $1.59 $1.28 $0.93 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 1,379 2,734 3,823 3,786 4,011 2,702 1,034 510 325 132 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.35 $1.08 $1.93 $1.66 $1.42 $1.20 $1.06 $0.75 $0.95 $1.00 Accumulation unit value at end of period $1.52 $1.35 $1.08 $1.93 $1.66 $1.42 $1.20 $1.06 $0.75 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 548 558 771 890 1,130 728 573 205 324 7 -------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $1.75 $1.48 $2.58 $3.27 $2.73 $2.42 $1.85 $1.37 $1.35 $1.26 Accumulation unit value at end of period $2.10 $1.75 $1.48 $2.58 $3.27 $2.73 $2.42 $1.85 $1.37 $1.35 Number of accumulation units outstanding at end of period (000 omitted) 203 232 262 688 836 667 487 349 205 211 -------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $2.07 $1.61 $2.42 $2.49 $2.14 $1.98 $1.61 $1.22 $1.35 $1.20 Accumulation unit value at end of period $2.64 $2.07 $1.61 $2.42 $2.49 $2.14 $1.98 $1.61 $1.22 $1.35 Number of accumulation units outstanding at end of period (000 omitted) 215 352 465 576 738 593 414 242 282 150 --------------------------------------------------------------------------------------------------------------------------
88 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.23 $0.98 $1.57 $1.53 $1.30 $1.18 $1.05 $0.85 $0.97 $1.00 Accumulation unit value at end of period $1.36 $1.23 $0.98 $1.57 $1.53 $1.30 $1.18 $1.05 $0.85 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 354 525 670 761 865 716 533 667 130 -- -------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $2.30 $1.74 $2.78 $2.71 $2.34 $2.09 $1.67 $1.31 $1.38 $1.24 Accumulation unit value at end of period $2.86 $2.30 $1.74 $2.78 $2.71 $2.34 $2.09 $1.67 $1.31 $1.38 Number of accumulation units outstanding at end of period (000 omitted) 738 922 1,060 2,008 2,339 1,930 834 639 450 200 -------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED SMALL CAP EQUITY FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $1.38 $1.09 $1.66 $2.00 $1.79 $1.69 $1.46 $1.01 $1.19 $1.15 Accumulation unit value at end of period $1.79 $1.38 $1.09 $1.66 $2.00 $1.79 $1.69 $1.46 $1.01 $1.19 Number of accumulation units outstanding at end of period (000 omitted) 4 9 11 12 114 119 150 104 87 97 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $0.86 $0.72 $1.26 $1.14 $1.08 $1.00 $0.94 $0.73 $0.98 $1.00 Accumulation unit value at end of period $0.99 $0.86 $0.72 $1.26 $1.14 $1.08 $1.00 $0.94 $0.73 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 300 451 495 371 489 1,554 110 85 4 6 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $1.21 $0.86 $1.63 $1.48 $1.28 $1.18 $1.03 $0.77 $0.98 $1.00 Accumulation unit value at end of period $1.43 $1.21 $0.86 $1.63 $1.48 $1.28 $1.18 $1.03 $0.77 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 19 54 71 208 183 141 107 284 180 3 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES I SHARES* (08/13/2001) Accumulation unit value at beginning of period $0.55 $0.44 $1.08 $1.39 $1.20 $1.14 $1.06 $0.82 $0.97 $1.00 Accumulation unit value at end of period $0.60 $0.55 $0.44 $1.08 $1.39 $1.20 $1.14 $1.06 $0.82 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 187 606 149 54 158 140 132 66 3 -- *Invesco V.I. Financial Services Fund, Series I Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series I Shares on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.02 $0.81 $1.14 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.07 $1.02 $0.81 $1.14 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 132 403 73 115 1,114 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.25 $0.93 $1.58 $1.39 $1.09 $1.00 -- -- -- -- Accumulation unit value at end of period $1.40 $1.25 $0.93 $1.58 $1.39 $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 380 2,658 2,794 1,479 105 5 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. TECHNOLOGY FUND, SERIES I SHARES (08/13/2001) Accumulation unit value at beginning of period $0.75 $0.48 $0.86 $0.81 $0.73 $0.72 $0.69 $0.48 $0.91 $1.00 Accumulation unit value at end of period $0.90 $0.75 $0.48 $0.86 $0.81 $0.73 $0.72 $0.69 $0.48 $0.91 Number of accumulation units outstanding at end of period (000 omitted) 618 411 351 275 418 532 249 96 3 -- -------------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.09 $0.85 $1.34 $1.38 $1.19 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.26 $1.09 $0.85 $1.34 $1.38 $1.19 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 719 2,639 3,700 3,639 4,892 3,642 641 -- -- -- -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.86 $0.63 $1.06 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.86 $0.63 $1.06 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 568 6,880 6,240 5,448 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.85 $0.60 $1.02 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.06 $0.85 $0.60 $1.02 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 109 136 127 65 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.68 $0.49 $0.79 $0.71 $0.67 $0.64 $0.59 $0.49 $0.68 $0.91 Accumulation unit value at end of period $0.76 $0.68 $0.49 $0.79 $0.71 $0.67 $0.64 $0.59 $0.49 $0.68 Number of accumulation units outstanding at end of period (000 omitted) 178 406 260 317 481 640 522 874 785 913 -------------------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $1.00 $0.62 $1.02 $1.01 $0.90 $0.86 $0.81 $0.61 $0.90 $0.96 Accumulation unit value at end of period $1.35 $1.00 $0.62 $1.02 $1.01 $0.90 $0.86 $0.81 $0.61 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 102 190 92 130 243 558 576 622 485 548 -------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (08/13/2001) Accumulation unit value at beginning of period $1.86 $1.41 $2.28 $1.80 $1.38 $1.19 $0.92 $0.68 $0.89 $1.00 Accumulation unit value at end of period $2.11 $1.86 $1.41 $2.28 $1.80 $1.38 $1.19 $0.92 $0.68 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 500 562 821 765 1,065 588 211 139 139 138 --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 89
VARIABLE ACCOUNT CHARGES OF 0.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.62 $1.12 $1.23 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.06 $0.87 $0.62 $1.12 $1.23 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 451 1,794 1,961 1,463 1,473 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.00 $0.64 $1.21 $0.99 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.31 $1.00 $0.64 $1.21 $0.99 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 317 356 270 140 1,068 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.76 $0.57 $1.07 $1.05 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.93 $0.76 $0.57 $1.07 $1.05 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 142 1,718 1,971 2,116 1,957 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.33 $0.96 $1.62 $1.53 $1.31 $1.16 $1.00 -- -- -- Accumulation unit value at end of period $1.53 $1.33 $0.96 $1.62 $1.53 $1.31 $1.16 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 524 604 777 1,099 1,309 756 158 -- -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.27 $1.08 $1.27 $1.16 $1.09 $1.07 $1.00 -- -- -- Accumulation unit value at end of period $1.45 $1.27 $1.08 $1.27 $1.16 $1.09 $1.07 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,938 8,634 8,498 9,223 6,331 3,173 403 -- -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.18 $0.87 $1.41 $1.44 $1.26 $1.16 $1.00 -- -- -- Accumulation unit value at end of period $1.45 $1.18 $0.87 $1.41 $1.44 $1.26 $1.16 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 368 717 646 676 773 643 432 -- -- -- -------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.13 $0.94 $1.12 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.27 $1.13 $0.94 $1.12 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 590 3,431 4,628 4,555 4,105 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT GLOBAL HEALTH CARE FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.15 $0.92 $1.11 $1.12 $1.10 $0.98 $0.92 $0.78 $0.98 $1.00 Accumulation unit value at end of period $1.17 $1.15 $0.92 $1.11 $1.12 $1.10 $0.98 $0.92 $0.78 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 40 27 111 67 195 218 67 170 145 129 -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT INTERNATIONAL EQUITY FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.23 $0.99 $1.78 $1.65 $1.30 $1.16 $1.01 $0.79 $0.96 $1.00 Accumulation unit value at end of period $1.34 $1.23 $0.99 $1.78 $1.65 $1.30 $1.16 $1.01 $0.79 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 32 57 91 69 164 145 194 207 881 418 -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 139 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 395 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26,354 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,174 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,371 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.90 $0.69 $1.13 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.90 $0.69 $1.13 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 276 7,045 4,641 3,570 3,666 -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
90 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.17 $0.86 $1.37 $1.30 $1.13 $1.13 $1.00 -- -- -- Accumulation unit value at end of period $1.42 $1.17 $0.86 $1.37 $1.30 $1.13 $1.13 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 115 176 74 115 77 235 182 -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.10 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 507 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.10 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 21,627 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,007 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 23,294 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,162 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (08/14/2001) Accumulation unit value at beginning of period $1.68 $1.24 $1.82 $1.92 $1.61 $1.53 $1.28 $0.93 $1.07 $1.00 Accumulation unit value at end of period $2.08 $1.68 $1.24 $1.82 $1.92 $1.61 $1.53 $1.28 $0.93 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 707 3,210 3,353 3,487 2,495 2,068 860 982 627 411 -------------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (09/15/1999) Accumulation unit value at beginning of period $2.15 $1.44 $2.67 $2.31 $1.69 $1.40 $1.08 $0.73 $0.85 $1.09 Accumulation unit value at end of period $2.67 $2.15 $1.44 $2.67 $2.31 $1.69 $1.40 $1.08 $0.73 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 1,120 2,334 2,433 2,932 3,471 2,814 1,701 1,136 1,484 769 -------------------------------------------------------------------------------------------------------------------------- WANGER USA (09/15/1999) Accumulation unit value at beginning of period $1.71 $1.21 $2.01 $1.92 $1.79 $1.62 $1.37 $0.96 $1.17 $1.05 Accumulation unit value at end of period $2.09 $1.71 $1.21 $2.01 $1.92 $1.79 $1.62 $1.37 $0.96 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 1,057 2,350 3,272 3,659 3,852 2,709 1,415 1,250 847 820 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.23 $1.07 $1.84 $1.62 $1.32 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.43 $1.23 $1.07 $1.84 $1.62 $1.32 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 337 2,398 408 500 669 661 76 -- -- -- -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.28 $0.87 $1.46 $1.38 $1.23 $1.15 $0.98 $0.72 $0.99 $1.00 Accumulation unit value at end of period $1.57 $1.28 $0.87 $1.46 $1.38 $1.23 $1.15 $0.98 $0.72 $0.99 Number of accumulation units outstanding at end of period (000 omitted) 121 298 182 331 421 467 408 445 314 136 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.20 $0.79 $1.35 $1.20 $0.98 $0.93 $0.82 $0.58 $0.94 $1.00 Accumulation unit value at end of period $1.51 $1.20 $0.79 $1.35 $1.20 $0.98 $0.93 $0.82 $0.58 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 198 225 258 231 84 35 10 10 6 2 -------------------------------------------------------------------------------------------------------------------------- VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.07 $0.71 $1.36 $1.14 $1.06 $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 $1.07 $0.71 $1.36 $1.14 $1.06 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,452 5,299 3,750 4,111 14,120 2,021 -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 91
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $0.95 $0.80 $1.35 $1.30 $1.12 $1.08 $0.98 $0.74 $0.96 $1.00 Accumulation unit value at end of period $1.06 $0.95 $0.80 $1.35 $1.30 $1.12 $1.08 $0.98 $0.74 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 55,671 68,595 84,420 116,725 135,093 149,316 125,010 82,114 43,189 5,550 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $1.63 $1.23 $2.64 $2.52 $1.88 $1.63 $1.31 $0.92 $0.98 $1.00 Accumulation unit value at end of period $1.69 $1.63 $1.23 $2.64 $2.52 $1.88 $1.63 $1.31 $0.92 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 102,937 150,692 202,780 217,241 203,016 153,107 70,504 34,604 12,313 805 -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.22 $0.92 $1.68 $1.44 $1.16 $1.03 $0.91 $0.73 $0.93 $1.00 Accumulation unit value at end of period $1.37 $1.22 $0.92 $1.68 $1.44 $1.16 $1.03 $0.91 $0.73 $0.93 Number of accumulation units outstanding at end of period (000 omitted) 22,872 26,575 32,736 42,202 45,349 43,612 34,180 21,555 11,378 1,950 -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.87 $0.68 $0.90 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.03 $0.87 $0.68 $0.90 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,924 48,044 54,402 56,815 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.92 $0.69 $1.19 $0.99 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.06 $0.92 $0.69 $1.19 $0.99 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,063 11,805 12,809 13,321 78,916 10,074 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.29 $1.08 $1.49 $1.59 $1.35 $1.30 $1.15 $0.90 $1.04 $1.00 Accumulation unit value at end of period $1.45 $1.29 $1.08 $1.49 $1.59 $1.35 $1.30 $1.15 $0.90 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 64,096 72,598 82,749 118,591 136,167 142,660 110,681 74,984 42,497 7,356 -------------------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (05/01/2000) Accumulation unit value at beginning of period $0.97 $0.78 $1.14 $1.12 $1.04 $0.99 $0.92 $0.78 $0.89 $0.96 Accumulation unit value at end of period $1.07 $0.97 $0.78 $1.14 $1.12 $1.04 $0.99 $0.92 $0.78 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 14,304 15,940 18,431 21,893 24,975 23,850 20,551 15,315 9,520 4,490 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.07 $0.86 $1.24 $1.23 $1.08 $1.05 $0.97 $0.81 $0.94 $1.05 Accumulation unit value at end of period $1.19 $1.07 $0.86 $1.24 $1.23 $1.08 $1.05 $0.97 $0.81 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 61,921 74,529 61,707 86,628 89,309 92,705 84,704 79,035 64,273 37,760 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (09/15/1999) Accumulation unit value at beginning of period $1.22 $1.22 $1.20 $1.16 $1.12 $1.10 $1.10 $1.10 $1.09 $1.06 Accumulation unit value at end of period $1.21 $1.22 $1.22 $1.20 $1.16 $1.12 $1.10 $1.10 $1.10 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 134,040 197,288 399,214 286,121 258,492 193,996 187,100 203,753 255,251 243,870 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 3) at Dec. 31, 2010 were (0.86%) and (0.86%), respectively. -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.48 $1.30 $1.40 $1.34 $1.30 $1.28 $1.23 $1.19 $1.13 $1.06 Accumulation unit value at end of period $1.59 $1.48 $1.30 $1.40 $1.34 $1.30 $1.28 $1.23 $1.19 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 282,705 638,984 610,707 599,680 511,100 332,677 221,377 188,939 154,530 83,968 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.45 $1.15 $1.94 $1.81 $1.52 $1.35 $1.15 $0.82 $1.02 $1.01 Accumulation unit value at end of period $1.68 $1.45 $1.15 $1.94 $1.81 $1.52 $1.35 $1.15 $0.82 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 256,449 508,061 530,216 560,416 585,144 408,559 255,776 134,486 86,442 43,328 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.69 $0.56 $0.98 $0.96 $0.84 $0.79 $0.75 $0.59 $0.76 $0.93 Accumulation unit value at end of period $0.80 $0.69 $0.56 $0.98 $0.96 $0.84 $0.79 $0.75 $0.59 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 218,715 257,537 301,682 383,078 450,207 263,828 130,790 69,981 52,124 26,327 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $2.23 $1.29 $2.81 $2.05 $1.54 $1.16 $0.94 $0.68 $0.72 $0.74 Accumulation unit value at end of period $2.65 $2.23 $1.29 $2.81 $2.05 $1.54 $1.16 $0.94 $0.68 $0.72 Number of accumulation units outstanding at end of period (000 omitted) 56,730 80,593 111,551 89,546 89,672 75,520 22,549 8,256 4,750 1,789 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.68 $1.52 $1.54 $1.44 $1.36 $1.44 $1.32 $1.18 $1.03 $1.03 Accumulation unit value at end of period $1.78 $1.68 $1.52 $1.54 $1.44 $1.36 $1.44 $1.32 $1.18 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 88,623 195,536 201,728 204,316 169,931 130,135 82,347 51,936 31,133 16,572 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.19 $1.12 $1.13 $1.05 $1.05 $1.03 $1.00 -- -- -- Accumulation unit value at end of period $1.23 $1.19 $1.12 $1.13 $1.05 $1.05 $1.03 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 92,837 302,524 171,393 147,400 161,490 91,038 2,274 -- -- -- --------------------------------------------------------------------------------------------------------------------------
92 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (04/28/2006) Accumulation unit value at beginning of period $1.15 $0.81 $1.08 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.28 $1.15 $0.81 $1.08 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 24,711 27,889 31,527 41,917 48,099 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.57 $1.03 $1.39 $1.37 $1.25 $1.21 $1.09 $0.88 $0.95 $0.91 Accumulation unit value at end of period $1.78 $1.57 $1.03 $1.39 $1.37 $1.25 $1.21 $1.09 $0.88 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 111,083 137,350 147,297 218,538 251,768 262,154 242,254 177,150 93,845 58,348 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.33 $0.94 $1.16 $1.14 $1.07 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.49 $1.33 $0.94 $1.16 $1.14 $1.07 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 56,452 229,076 128,653 116,516 109,316 29,477 1,052 -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.94 $0.74 $1.26 $1.12 $0.91 $0.81 $0.69 $0.55 $0.67 $0.95 Accumulation unit value at end of period $1.06 $0.94 $0.74 $1.26 $1.12 $0.91 $0.81 $0.69 $0.55 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 39,494 48,442 55,412 75,421 80,961 77,787 51,446 23,614 20,012 15,821 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.56 $0.41 $0.75 $0.73 $0.66 $0.62 $0.57 $0.48 $0.65 $0.95 Accumulation unit value at end of period $0.65 $0.56 $0.41 $0.75 $0.73 $0.66 $0.62 $0.57 $0.48 $0.65 Number of accumulation units outstanding at end of period (000 omitted) 124,302 147,034 180,650 283,769 326,108 323,849 191,140 192,314 135,693 129,186 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.90 $0.72 $1.19 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $0.90 $0.72 $1.19 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 86,635 378,240 310,527 204,077 121,798 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.65 $1.27 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.89 $0.65 $1.27 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26,527 32,788 41,006 32,112 59,299 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (05/01/2001) Accumulation unit value at beginning of period $1.22 $0.75 $1.37 $1.22 $1.23 $1.12 $1.04 $0.85 $1.00 $1.00 Accumulation unit value at end of period $1.53 $1.22 $0.75 $1.37 $1.22 $1.23 $1.12 $1.04 $0.85 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 34,995 40,215 38,730 50,337 62,826 47,283 53,376 42,780 16,388 2,489 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.14 $0.81 $1.49 $1.36 $1.19 $1.00 -- -- -- -- Accumulation unit value at end of period $1.38 $1.14 $0.81 $1.49 $1.36 $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 33,723 57,405 76,989 71,709 101,239 6,605 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $0.81 $0.65 $1.04 $1.00 $0.87 $0.84 $0.77 $0.61 $0.79 $0.91 Accumulation unit value at end of period $0.93 $0.81 $0.65 $1.04 $1.00 $0.87 $0.84 $0.77 $0.61 $0.79 Number of accumulation units outstanding at end of period (000 omitted) 77,987 91,208 100,420 127,010 139,008 154,949 144,039 103,587 64,771 35,957 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.00 $0.80 $1.33 $1.34 $1.14 $1.10 $1.00 -- -- -- Accumulation unit value at end of period $1.19 $1.00 $0.80 $1.33 $1.34 $1.14 $1.10 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 10,640 6,269 5,696 7,988 7,937 6,232 3,498 -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.42 $1.03 $1.68 $1.77 $1.60 $1.53 $1.30 $0.89 $1.08 $1.16 Accumulation unit value at end of period $1.79 $1.42 $1.03 $1.68 $1.77 $1.60 $1.53 $1.30 $0.89 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 19,549 21,859 26,621 38,095 49,721 59,243 61,563 44,627 29,202 22,792 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.33 $1.27 $1.31 $1.25 $1.22 $1.21 $1.21 $1.20 $1.14 $1.08 Accumulation unit value at end of period $1.36 $1.33 $1.27 $1.31 $1.25 $1.22 $1.21 $1.21 $1.20 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 95,906 109,059 125,698 120,018 125,729 145,087 160,725 155,718 124,866 50,510 -------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.74 $1.13 $0.97 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.88 $0.74 $1.13 $0.97 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 37,446 39,767 30,400 17,045 51,380 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,289 11,669 6,188 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 93
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.98 $0.84 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.98 $0.84 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17,928 16,032 11,487 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.91 $0.76 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 51,467 45,180 25,617 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.74 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.89 $0.74 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,182 27,720 16,958 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.94 $0.80 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.94 $0.80 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,280 22,560 11,805 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.08 $0.75 $1.04 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.17 $1.08 $0.75 $1.04 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 74,514 162,181 119,741 111,086 103,830 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.92 $0.68 $1.20 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.07 $0.92 $0.68 $1.20 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 192,769 269,589 398,515 294,643 244,121 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.02 $0.81 $1.40 $1.26 $1.13 $1.06 $1.01 $0.82 $1.00 $1.00 Accumulation unit value at end of period $1.16 $1.02 $0.81 $1.40 $1.26 $1.13 $1.06 $1.01 $0.82 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 77,301 92,559 113,690 148,743 173,861 189,109 187,351 119,284 48,686 6,363 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.96 $1.41 $2.36 $2.06 $1.85 $1.58 $1.27 $0.93 $1.04 $1.00 Accumulation unit value at end of period $2.50 $1.96 $1.41 $2.36 $2.06 $1.85 $1.58 $1.27 $0.93 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 132,015 187,652 236,346 264,423 290,678 260,492 188,565 109,647 50,458 6,903 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.33 $1.06 $1.91 $1.64 $1.40 $1.19 $1.06 $0.75 $0.95 $1.00 Accumulation unit value at end of period $1.49 $1.33 $1.06 $1.91 $1.64 $1.40 $1.19 $1.06 $0.75 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 36,566 43,314 53,513 66,434 74,339 70,878 66,935 31,322 13,157 2,147 -------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $1.71 $1.45 $2.53 $3.23 $2.70 $2.39 $1.83 $1.36 $1.34 $1.25 Accumulation unit value at end of period $2.06 $1.71 $1.45 $2.53 $3.23 $2.70 $2.39 $1.83 $1.36 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 42,372 50,767 62,873 93,100 128,540 139,618 120,456 87,330 59,317 24,477 -------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $2.02 $1.58 $2.38 $2.45 $2.11 $1.96 $1.59 $1.21 $1.35 $1.19 Accumulation unit value at end of period $2.58 $2.02 $1.58 $2.38 $2.45 $2.11 $1.96 $1.59 $1.21 $1.35 Number of accumulation units outstanding at end of period (000 omitted) 34,971 42,025 52,033 66,946 78,886 78,073 59,293 43,978 29,743 10,800 -------------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.21 $0.97 $1.55 $1.51 $1.29 $1.17 $1.05 $0.85 $0.97 $1.00 Accumulation unit value at end of period $1.34 $1.21 $0.97 $1.55 $1.51 $1.29 $1.17 $1.05 $0.85 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 50,331 57,678 68,255 94,998 90,391 69,986 45,710 26,370 10,942 942 -------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $2.26 $1.71 $2.73 $2.67 $2.31 $2.07 $1.65 $1.30 $1.37 $1.23 Accumulation unit value at end of period $2.80 $2.26 $1.71 $2.73 $2.67 $2.31 $2.07 $1.65 $1.30 $1.37 Number of accumulation units outstanding at end of period (000 omitted) 64,121 78,043 97,291 139,637 163,687 174,918 115,616 83,015 56,079 23,748 -------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $0.85 $0.71 $1.14 $1.16 $1.04 $0.98 $0.86 $0.67 $0.86 $0.99 Accumulation unit value at end of period $0.96 $0.85 $0.71 $1.14 $1.16 $1.04 $0.98 $0.86 $0.67 $0.86 Number of accumulation units outstanding at end of period (000 omitted) 90,486 108,298 131,282 187,585 231,223 248,935 128,074 83,166 71,820 60,343 --------------------------------------------------------------------------------------------------------------------------
94 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $0.85 $0.71 $1.25 $1.12 $1.07 $0.99 $0.94 $0.73 $0.98 $1.00 Accumulation unit value at end of period $0.97 $0.85 $0.71 $1.25 $1.12 $1.07 $0.99 $0.94 $0.73 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 59,537 67,782 76,677 90,475 109,952 134,591 39,117 20,015 11,313 1,710 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $1.19 $0.84 $1.61 $1.47 $1.27 $1.17 $1.02 $0.76 $0.98 $1.00 Accumulation unit value at end of period $1.40 $1.19 $0.84 $1.61 $1.47 $1.27 $1.17 $1.02 $0.76 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 10,525 13,229 16,534 23,253 25,868 24,349 20,043 10,924 6,981 1,459 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES I SHARES* (08/13/2001) Accumulation unit value at beginning of period $0.54 $0.43 $1.06 $1.38 $1.19 $1.14 $1.05 $0.82 $0.97 $1.00 Accumulation unit value at end of period $0.59 $0.54 $0.43 $1.06 $1.38 $1.19 $1.14 $1.05 $0.82 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 13,352 14,877 13,625 9,208 12,088 10,621 10,625 8,724 5,572 1,081 *Invesco V.I. Financial Services Fund, Series I Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series I Shares on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.01 $0.80 $1.13 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.06 $1.01 $0.80 $1.13 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7,456 8,089 8,014 5,881 33,923 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.24 $0.93 $1.57 $1.39 $1.09 $1.00 -- -- -- -- Accumulation unit value at end of period $1.39 $1.24 $0.93 $1.57 $1.39 $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 36,189 128,526 99,290 48,018 1,744 127 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. TECHNOLOGY FUND, SERIES I SHARES (08/13/2001) Accumulation unit value at beginning of period $0.73 $0.47 $0.85 $0.80 $0.73 $0.72 $0.69 $0.48 $0.91 $1.00 Accumulation unit value at end of period $0.88 $0.73 $0.47 $0.85 $0.80 $0.73 $0.72 $0.69 $0.48 $0.91 Number of accumulation units outstanding at end of period (000 omitted) 21,966 21,730 19,001 21,716 25,440 31,926 14,454 7,882 3,769 490 -------------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.08 $0.85 $1.33 $1.37 $1.19 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.24 $1.08 $0.85 $1.33 $1.37 $1.19 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 100,324 178,986 227,595 224,730 258,223 203,272 36,974 -- -- -- -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES ENTERPRISE PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $0.58 $0.41 $0.73 $0.60 $0.54 $0.48 $0.40 $0.30 $0.42 $0.70 Accumulation unit value at end of period $0.72 $0.58 $0.41 $0.73 $0.60 $0.54 $0.48 $0.40 $0.30 $0.42 Number of accumulation units outstanding at end of period (000 omitted) 16,104 19,522 23,257 27,632 29,699 34,555 40,872 48,862 52,428 54,805 -------------------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.85 $0.60 $1.02 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.06 $0.85 $0.60 $1.02 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,271 1,551 1,524 1,080 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.67 $0.48 $0.77 $0.70 $0.66 $0.64 $0.59 $0.48 $0.68 $0.91 Accumulation unit value at end of period $0.74 $0.67 $0.48 $0.77 $0.70 $0.66 $0.64 $0.59 $0.48 $0.68 Number of accumulation units outstanding at end of period (000 omitted) 57,389 67,421 63,755 80,158 100,533 117,493 108,239 91,666 69,576 50,212 -------------------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.98 $0.61 $1.01 $0.99 $0.89 $0.85 $0.81 $0.61 $0.90 $0.96 Accumulation unit value at end of period $1.32 $0.98 $0.61 $1.01 $0.99 $0.89 $0.85 $0.81 $0.61 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 25,934 28,887 32,039 42,261 51,188 62,995 77,406 74,690 59,272 34,072 -------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (08/13/2001) Accumulation unit value at beginning of period $1.83 $1.39 $2.25 $1.78 $1.37 $1.18 $0.92 $0.68 $0.89 $1.00 Accumulation unit value at end of period $2.07 $1.83 $1.39 $2.25 $1.78 $1.37 $1.18 $0.92 $0.68 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 47,357 56,324 67,989 78,212 71,164 55,870 28,362 18,051 10,543 2,997 -------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.86 $0.61 $1.11 $1.23 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.86 $0.61 $1.11 $1.23 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,144 67,174 88,969 51,109 51,499 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.99 $0.64 $1.20 $0.99 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.30 $0.99 $0.64 $1.20 $0.99 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17,947 18,479 17,546 14,940 37,273 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.76 $0.57 $1.07 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.92 $0.76 $0.57 $1.07 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,073 75,726 78,811 64,614 57,067 -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 95
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.31 $0.95 $1.60 $1.52 $1.31 $1.16 $1.00 -- -- -- Accumulation unit value at end of period $1.51 $1.31 $0.95 $1.60 $1.52 $1.31 $1.16 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 29,183 31,543 36,705 48,173 51,514 33,811 11,540 -- -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.25 $1.07 $1.26 $1.16 $1.09 $1.07 $1.00 -- -- -- Accumulation unit value at end of period $1.43 $1.25 $1.07 $1.26 $1.16 $1.09 $1.07 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 265,863 519,119 569,070 536,032 339,587 150,945 22,945 -- -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.17 $0.86 $1.40 $1.43 $1.26 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.43 $1.17 $0.86 $1.40 $1.43 $1.26 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 19,999 23,658 27,205 34,265 34,462 18,592 7,652 -- -- -- -------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.13 $0.93 $1.12 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.26 $1.13 $0.93 $1.12 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 75,522 218,702 228,912 161,214 154,199 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT GLOBAL HEALTH CARE FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.13 $0.90 $1.10 $1.11 $1.09 $0.97 $0.91 $0.78 $0.98 $1.00 Accumulation unit value at end of period $1.15 $1.13 $0.90 $1.10 $1.11 $1.09 $0.97 $0.91 $0.78 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 10,511 12,725 15,248 19,770 25,848 27,299 21,518 18,023 11,416 2,137 -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT INTERNATIONAL EQUITY FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.21 $0.98 $1.75 $1.63 $1.29 $1.15 $1.00 $0.78 $0.96 $1.00 Accumulation unit value at end of period $1.32 $1.21 $0.98 $1.75 $1.63 $1.29 $1.15 $1.00 $0.78 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 13,460 16,372 20,502 29,411 34,316 37,980 40,598 38,012 20,773 2,460 -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17,030 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 22,643 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 287,015 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 19,114 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 171,495 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.68 $1.12 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.89 $0.68 $1.12 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 24,428 303,537 183,635 117,605 123,150 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.16 $0.85 $1.36 $1.29 $1.12 $1.12 $1.00 -- -- -- Accumulation unit value at end of period $1.40 $1.16 $0.85 $1.36 $1.29 $1.12 $1.12 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,535 5,203 6,409 9,188 9,786 10,247 4,730 -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.10 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 150,412 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.10 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,625,658 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
96 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 85,099 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,122,490 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 53,054 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 454,692 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (08/14/2001) Accumulation unit value at beginning of period $1.66 $1.22 $1.80 $1.91 $1.60 $1.52 $1.28 $0.93 $1.07 $1.00 Accumulation unit value at end of period $2.05 $1.66 $1.22 $1.80 $1.91 $1.60 $1.52 $1.28 $0.93 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 48,893 149,191 156,845 148,793 126,637 127,559 90,541 67,609 43,199 6,885 -------------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (09/15/1999) Accumulation unit value at beginning of period $2.11 $1.42 $2.62 $2.27 $1.67 $1.38 $1.07 $0.72 $0.85 $1.08 Accumulation unit value at end of period $2.61 $2.11 $1.42 $2.62 $2.27 $1.67 $1.38 $1.07 $0.72 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 80,435 131,326 142,736 164,570 186,862 170,230 104,567 66,022 43,554 27,818 -------------------------------------------------------------------------------------------------------------------------- WANGER USA (09/15/1999) Accumulation unit value at beginning of period $1.67 $1.18 $1.98 $1.89 $1.77 $1.60 $1.36 $0.96 $1.16 $1.05 Accumulation unit value at end of period $2.05 $1.67 $1.18 $1.98 $1.89 $1.77 $1.60 $1.36 $0.96 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 102,578 155,213 176,483 212,646 235,960 241,623 184,961 129,824 78,311 40,791 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.22 $1.06 $1.83 $1.61 $1.32 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.41 $1.22 $1.06 $1.83 $1.61 $1.32 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20,616 113,414 12,645 16,521 19,055 15,273 4,245 -- -- -- -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.26 $0.86 $1.44 $1.36 $1.22 $1.14 $0.97 $0.72 $0.99 $1.00 Accumulation unit value at end of period $1.54 $1.26 $0.86 $1.44 $1.36 $1.22 $1.14 $0.97 $0.72 $0.99 Number of accumulation units outstanding at end of period (000 omitted) 16,904 19,019 22,799 30,772 36,471 41,049 43,145 38,865 25,397 3,701 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.18 $0.78 $1.34 $1.18 $0.97 $0.92 $0.81 $0.58 $0.94 $1.00 Accumulation unit value at end of period $1.48 $1.18 $0.78 $1.34 $1.18 $0.97 $0.92 $0.81 $0.58 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 28,351 31,042 29,488 35,670 25,726 19,618 22,185 19,289 9,992 2,060 -------------------------------------------------------------------------------------------------------------------------- VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.07 $0.70 $1.35 $1.14 $1.06 $1.00 -- -- -- -- Accumulation unit value at end of period $1.25 $1.07 $0.70 $1.35 $1.14 $1.06 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,571 3,654 2,593 2,415 5,609 801 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $0.93 $0.78 $1.34 $1.29 $1.11 $1.07 $0.97 $0.74 $0.96 $1.00 Accumulation unit value at end of period $1.04 $0.93 $0.78 $1.34 $1.29 $1.11 $1.07 $0.97 $0.74 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 33,656 41,871 53,105 74,246 84,552 91,924 75,935 54,358 29,770 4,363 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $1.61 $1.21 $2.61 $2.49 $1.86 $1.61 $1.31 $0.92 $0.98 $1.00 Accumulation unit value at end of period $1.66 $1.61 $1.21 $2.61 $2.49 $1.86 $1.61 $1.31 $0.92 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 63,534 93,058 122,930 135,634 127,479 94,909 44,705 24,114 9,270 790 -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.20 $0.91 $1.66 $1.42 $1.15 $1.03 $0.90 $0.73 $0.93 $1.00 Accumulation unit value at end of period $1.34 $1.20 $0.91 $1.66 $1.42 $1.15 $1.03 $0.90 $0.73 $0.93 Number of accumulation units outstanding at end of period (000 omitted) 12,837 15,628 19,242 25,059 26,700 27,136 22,031 15,471 8,200 1,927 --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 97
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.87 $0.67 $0.90 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.87 $0.67 $0.90 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,798 25,355 30,504 28,466 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.91 $0.69 $1.19 $0.99 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 $0.91 $0.69 $1.19 $0.99 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,909 6,957 7,931 8,170 35,411 4,856 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.27 $1.07 $1.47 $1.57 $1.34 $1.29 $1.14 $0.89 $1.04 $1.00 Accumulation unit value at end of period $1.42 $1.27 $1.07 $1.47 $1.57 $1.34 $1.29 $1.14 $0.89 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 41,940 48,731 56,747 81,683 93,343 95,710 71,318 50,607 30,523 7,298 -------------------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (05/01/2000) Accumulation unit value at beginning of period $0.95 $0.76 $1.12 $1.10 $1.02 $0.98 $0.91 $0.77 $0.89 $0.96 Accumulation unit value at end of period $1.05 $0.95 $0.76 $1.12 $1.10 $1.02 $0.98 $0.91 $0.77 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 8,238 9,852 12,240 17,034 19,334 19,301 17,682 14,100 9,832 6,090 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.04 $0.85 $1.22 $1.21 $1.07 $1.04 $0.96 $0.80 $0.93 $1.05 Accumulation unit value at end of period $1.16 $1.04 $0.85 $1.22 $1.21 $1.07 $1.04 $0.96 $0.80 $0.93 Number of accumulation units outstanding at end of period (000 omitted) 45,791 55,353 51,095 74,966 74,221 77,525 74,540 73,310 64,613 53,096 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (09/15/1999) Accumulation unit value at beginning of period $1.19 $1.20 $1.18 $1.14 $1.10 $1.08 $1.09 $1.09 $1.09 $1.06 Accumulation unit value at end of period $1.18 $1.19 $1.20 $1.18 $1.14 $1.10 $1.08 $1.09 $1.09 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 92,405 140,419 290,095 247,870 211,744 147,452 148,915 178,580 228,237 265,455 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 3) at Dec. 31, 2010 were (1.11%) and (1.10%), respectively. -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.45 $1.28 $1.38 $1.32 $1.28 $1.26 $1.22 $1.18 $1.13 $1.06 Accumulation unit value at end of period $1.56 $1.45 $1.28 $1.38 $1.32 $1.28 $1.26 $1.22 $1.18 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 214,494 447,493 430,993 408,270 351,043 257,273 190,125 176,013 159,405 106,760 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.42 $1.13 $1.91 $1.79 $1.51 $1.34 $1.14 $0.82 $1.02 $1.01 Accumulation unit value at end of period $1.65 $1.42 $1.13 $1.91 $1.79 $1.51 $1.34 $1.14 $0.82 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 156,962 307,581 329,220 363,274 383,460 278,737 181,318 99,776 67,958 41,299 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.68 $0.55 $0.96 $0.94 $0.82 $0.78 $0.75 $0.58 $0.76 $0.93 Accumulation unit value at end of period $0.79 $0.68 $0.55 $0.96 $0.94 $0.82 $0.78 $0.75 $0.58 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 120,427 147,939 180,807 242,876 290,744 144,230 94,730 45,599 34,956 26,779 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $2.19 $1.27 $2.77 $2.02 $1.53 $1.15 $0.94 $0.67 $0.72 $0.74 Accumulation unit value at end of period $2.60 $2.19 $1.27 $2.77 $2.02 $1.53 $1.15 $0.94 $0.67 $0.72 Number of accumulation units outstanding at end of period (000 omitted) 33,567 47,289 61,879 50,491 51,867 44,244 16,315 6,501 3,888 1,542 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.65 $1.49 $1.51 $1.42 $1.34 $1.43 $1.31 $1.17 $1.03 $1.02 Accumulation unit value at end of period $1.74 $1.65 $1.49 $1.51 $1.42 $1.34 $1.43 $1.31 $1.17 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 68,524 137,253 142,773 141,675 123,834 102,876 72,702 54,100 36,626 23,970 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.18 $1.11 $1.12 $1.05 $1.05 $1.03 $1.00 -- -- -- Accumulation unit value at end of period $1.21 $1.18 $1.11 $1.12 $1.05 $1.05 $1.03 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 63,669 192,220 113,444 88,734 95,224 51,906 1,504 -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (04/28/2006) Accumulation unit value at beginning of period $1.15 $0.80 $1.08 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.27 $1.15 $0.80 $1.08 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15,434 16,890 19,527 26,868 30,821 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.54 $1.01 $1.37 $1.35 $1.23 $1.20 $1.08 $0.87 $0.94 $0.91 Accumulation unit value at end of period $1.74 $1.54 $1.01 $1.37 $1.35 $1.23 $1.20 $1.08 $0.87 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 89,489 111,734 125,862 186,775 221,767 237,711 236,566 197,358 122,784 88,813 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.31 $0.93 $1.16 $1.14 $1.06 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.47 $1.31 $0.93 $1.16 $1.14 $1.06 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39,448 141,698 76,770 65,977 61,812 18,068 783 -- -- -- --------------------------------------------------------------------------------------------------------------------------
98 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.92 $0.73 $1.24 $1.11 $0.90 $0.80 $0.69 $0.54 $0.67 $0.95 Accumulation unit value at end of period $1.04 $0.92 $0.73 $1.24 $1.11 $0.90 $0.80 $0.69 $0.54 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 27,645 35,421 42,730 58,762 64,541 61,793 40,351 21,462 19,189 18,664 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.55 $0.41 $0.74 $0.72 $0.66 $0.61 $0.57 $0.47 $0.64 $0.94 Accumulation unit value at end of period $0.64 $0.55 $0.41 $0.74 $0.72 $0.66 $0.61 $0.57 $0.47 $0.64 Number of accumulation units outstanding at end of period (000 omitted) 72,817 90,930 116,110 186,447 216,237 212,229 135,373 147,485 118,986 130,764 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.19 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.08 $0.89 $0.71 $1.19 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 50,453 214,161 176,791 113,001 66,352 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.65 $1.26 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.88 $0.65 $1.26 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16,307 20,723 26,849 22,702 32,712 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (05/01/2001) Accumulation unit value at beginning of period $1.20 $0.74 $1.35 $1.20 $1.22 $1.11 $1.03 $0.85 $0.99 $1.00 Accumulation unit value at end of period $1.50 $1.20 $0.74 $1.35 $1.20 $1.22 $1.11 $1.03 $0.85 $0.99 Number of accumulation units outstanding at end of period (000 omitted) 21,606 26,343 25,504 35,043 43,939 31,419 35,498 29,450 12,145 2,238 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.13 $0.81 $1.48 $1.36 $1.19 $1.00 -- -- -- -- Accumulation unit value at end of period $1.37 $1.13 $0.81 $1.48 $1.36 $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 19,331 32,037 45,362 43,555 54,642 4,982 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $0.80 $0.64 $1.03 $0.99 $0.86 $0.84 $0.77 $0.60 $0.79 $0.91 Accumulation unit value at end of period $0.91 $0.80 $0.64 $1.03 $0.99 $0.86 $0.84 $0.77 $0.60 $0.79 Number of accumulation units outstanding at end of period (000 omitted) 55,090 65,626 73,795 92,416 104,302 122,070 117,372 91,398 65,011 40,575 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $0.99 $0.79 $1.32 $1.34 $1.13 $1.09 $1.00 -- -- -- Accumulation unit value at end of period $1.18 $0.99 $0.79 $1.32 $1.34 $1.13 $1.09 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,063 3,736 2,900 4,152 4,707 3,594 2,030 -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.39 $1.01 $1.65 $1.74 $1.58 $1.52 $1.29 $0.88 $1.07 $1.16 Accumulation unit value at end of period $1.75 $1.39 $1.01 $1.65 $1.74 $1.58 $1.52 $1.29 $0.88 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 12,744 15,189 18,734 28,329 38,372 46,718 51,057 39,709 29,341 24,346 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.30 $1.24 $1.29 $1.24 $1.20 $1.20 $1.20 $1.19 $1.13 $1.08 Accumulation unit value at end of period $1.33 $1.30 $1.24 $1.29 $1.24 $1.20 $1.20 $1.20 $1.19 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 78,228 88,306 108,778 104,637 108,222 121,249 130,386 135,202 116,147 56,966 -------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.74 $1.13 $0.97 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.88 $0.74 $1.13 $0.97 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26,305 26,662 22,011 12,631 26,224 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,789 5,500 3,115 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.97 $0.84 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16,204 12,467 7,436 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.91 $0.76 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 30,491 26,565 15,034 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 99
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15,429 15,191 9,299 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.94 $0.79 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.94 $0.79 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15,804 16,602 8,524 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.07 $0.75 $1.04 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.15 $1.07 $0.75 $1.04 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 56,862 105,964 79,727 71,987 59,159 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.91 $0.68 $1.20 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.06 $0.91 $0.68 $1.20 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 120,336 167,696 237,020 166,815 127,364 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.00 $0.80 $1.38 $1.25 $1.12 $1.05 $1.00 $0.82 $1.00 $1.00 Accumulation unit value at end of period $1.14 $1.00 $0.80 $1.38 $1.25 $1.12 $1.05 $1.00 $0.82 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 47,072 57,593 72,387 96,482 112,864 121,317 119,521 81,919 36,320 8,177 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.93 $1.39 $2.33 $2.04 $1.83 $1.57 $1.27 $0.93 $1.04 $1.00 Accumulation unit value at end of period $2.46 $1.93 $1.39 $2.33 $2.04 $1.83 $1.57 $1.27 $0.93 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 76,313 106,479 136,525 156,364 174,833 157,678 117,171 72,124 35,541 6,689 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.31 $1.05 $1.88 $1.62 $1.39 $1.18 $1.05 $0.74 $0.94 $1.00 Accumulation unit value at end of period $1.46 $1.31 $1.05 $1.88 $1.62 $1.39 $1.18 $1.05 $0.74 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 24,715 29,954 37,943 48,192 52,627 48,642 42,672 21,405 10,123 2,157 -------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $1.68 $1.42 $2.49 $3.18 $2.66 $2.37 $1.81 $1.35 $1.33 $1.25 Accumulation unit value at end of period $2.01 $1.68 $1.42 $2.49 $3.18 $2.66 $2.37 $1.81 $1.35 $1.33 Number of accumulation units outstanding at end of period (000 omitted) 25,510 31,073 39,491 59,503 81,589 88,911 80,587 63,047 44,591 19,803 -------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $1.98 $1.55 $2.34 $2.42 $2.09 $1.94 $1.58 $1.21 $1.34 $1.19 Accumulation unit value at end of period $2.52 $1.98 $1.55 $2.34 $2.42 $2.09 $1.94 $1.58 $1.21 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 22,799 28,730 36,256 46,935 55,078 55,521 44,541 34,639 23,553 9,584 -------------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.19 $0.96 $1.53 $1.50 $1.28 $1.17 $1.04 $0.84 $0.96 $1.00 Accumulation unit value at end of period $1.31 $1.19 $0.96 $1.53 $1.50 $1.28 $1.17 $1.04 $0.84 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 33,994 39,361 47,292 65,658 63,662 50,166 33,241 21,294 9,151 1,114 -------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $2.21 $1.68 $2.69 $2.63 $2.29 $2.05 $1.64 $1.29 $1.37 $1.23 Accumulation unit value at end of period $2.74 $2.21 $1.68 $2.69 $2.63 $2.29 $2.05 $1.64 $1.29 $1.37 Number of accumulation units outstanding at end of period (000 omitted) 41,459 51,883 65,990 96,413 112,452 117,932 84,473 65,106 47,539 24,711 -------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $0.84 $0.70 $1.12 $1.15 $1.02 $0.97 $0.85 $0.67 $0.86 $0.99 Accumulation unit value at end of period $0.93 $0.84 $0.70 $1.12 $1.15 $1.02 $0.97 $0.85 $0.67 $0.86 Number of accumulation units outstanding at end of period (000 omitted) 57,775 70,758 87,685 126,734 160,736 168,697 108,140 80,350 75,489 71,185 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $0.84 $0.70 $1.23 $1.11 $1.06 $0.98 $0.93 $0.73 $0.98 $1.00 Accumulation unit value at end of period $0.95 $0.84 $0.70 $1.23 $1.11 $1.06 $0.98 $0.93 $0.73 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 28,942 33,205 38,700 46,783 56,007 64,800 21,785 12,215 7,624 1,711 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $1.17 $0.83 $1.59 $1.45 $1.26 $1.16 $1.02 $0.76 $0.98 $1.00 Accumulation unit value at end of period $1.37 $1.17 $0.83 $1.59 $1.45 $1.26 $1.16 $1.02 $0.76 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 5,882 7,715 9,784 13,998 14,692 13,500 12,074 7,348 4,808 1,224 --------------------------------------------------------------------------------------------------------------------------
100 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES I SHARES* (08/13/2001) Accumulation unit value at beginning of period $0.53 $0.42 $1.05 $1.36 $1.18 $1.13 $1.05 $0.82 $0.96 $1.00 Accumulation unit value at end of period $0.58 $0.53 $0.42 $1.05 $1.36 $1.18 $1.13 $1.05 $0.82 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 7,378 8,567 8,723 5,805 7,305 6,396 6,649 5,460 3,709 901 *Invesco V.I. Financial Services Fund, Series I Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series I Shares on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.01 $0.80 $1.13 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.05 $1.01 $0.80 $1.13 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,675 5,414 5,240 3,964 15,226 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.23 $0.92 $1.57 $1.38 $1.09 $1.00 -- -- -- -- Accumulation unit value at end of period $1.38 $1.23 $0.92 $1.57 $1.38 $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 24,477 76,801 53,711 23,729 1,198 107 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. TECHNOLOGY FUND, SERIES I SHARES (08/13/2001) Accumulation unit value at beginning of period $0.72 $0.46 $0.84 $0.79 $0.72 $0.71 $0.69 $0.48 $0.91 $1.00 Accumulation unit value at end of period $0.87 $0.72 $0.46 $0.84 $0.79 $0.72 $0.71 $0.69 $0.48 $0.91 Number of accumulation units outstanding at end of period (000 omitted) 10,745 11,446 8,853 10,072 12,094 14,960 8,076 5,212 2,845 911 -------------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.07 $0.84 $1.32 $1.36 $1.18 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.22 $1.07 $0.84 $1.32 $1.36 $1.18 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 51,081 95,224 120,656 113,380 130,395 96,755 18,714 -- -- -- -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.96 $0.85 $0.63 $1.06 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18,753 168,562 128,192 72,177 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.85 $0.60 $1.02 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.85 $0.60 $1.02 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,019 1,436 1,203 741 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.66 $0.48 $0.76 $0.69 $0.65 $0.63 $0.59 $0.48 $0.67 $0.90 Accumulation unit value at end of period $0.73 $0.66 $0.48 $0.76 $0.69 $0.65 $0.63 $0.59 $0.48 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 35,505 44,235 44,360 58,819 73,300 84,506 78,223 74,564 62,663 51,051 -------------------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.96 $0.60 $0.99 $0.98 $0.88 $0.84 $0.80 $0.61 $0.90 $0.96 Accumulation unit value at end of period $1.29 $0.96 $0.60 $0.99 $0.98 $0.88 $0.84 $0.80 $0.61 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 17,906 20,432 22,831 31,915 38,120 48,503 60,214 61,988 53,383 36,822 -------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (08/13/2001) Accumulation unit value at beginning of period $1.80 $1.37 $2.22 $1.76 $1.36 $1.18 $0.91 $0.68 $0.89 $1.00 Accumulation unit value at end of period $2.03 $1.80 $1.37 $2.22 $1.76 $1.36 $1.18 $0.91 $0.68 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 30,235 35,891 43,832 51,479 45,869 35,163 18,264 12,519 7,093 2,778 -------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.86 $0.61 $1.11 $1.22 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.86 $0.61 $1.11 $1.22 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16,073 38,794 50,326 29,814 27,318 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.98 $0.63 $1.20 $0.99 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.29 $0.98 $0.63 $1.20 $0.99 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,306 12,049 11,266 9,199 17,529 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.75 $0.57 $1.07 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.91 $0.75 $0.57 $1.07 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,093 40,525 41,079 30,611 26,517 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.30 $0.94 $1.59 $1.51 $1.30 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.49 $1.30 $0.94 $1.59 $1.51 $1.30 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18,638 21,263 24,950 32,187 34,962 20,721 6,121 -- -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.24 $1.06 $1.25 $1.15 $1.08 $1.07 $1.00 -- -- -- Accumulation unit value at end of period $1.41 $1.24 $1.06 $1.25 $1.15 $1.08 $1.07 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 193,872 350,910 395,298 360,480 226,000 94,657 11,924 -- -- -- --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 101
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL-& MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.16 $0.85 $1.39 $1.42 $1.25 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.41 $1.16 $0.85 $1.39 $1.42 $1.25 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,889 15,634 18,861 23,107 22,606 12,037 4,085 -- -- -- -------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.12 $0.93 $1.12 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.25 $1.12 $0.93 $1.12 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 49,921 127,629 131,661 82,318 76,067 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT GLOBAL HEALTH CARE FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.11 $0.89 $1.08 $1.10 $1.08 $0.96 $0.91 $0.77 $0.98 $1.00 Accumulation unit value at end of period $1.13 $1.11 $0.89 $1.08 $1.10 $1.08 $0.96 $0.91 $0.77 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 5,824 7,349 8,551 11,073 13,569 14,517 11,248 9,676 6,574 1,743 -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT INTERNATIONAL EQUITY FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.19 $0.96 $1.73 $1.61 $1.27 $1.15 $1.00 $0.78 $0.96 $1.00 Accumulation unit value at end of period $1.29 $1.19 $0.96 $1.73 $1.61 $1.27 $1.15 $1.00 $0.78 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 8,590 10,504 13,381 18,697 21,524 23,458 24,819 24,880 15,138 2,180 -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,503 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 45,018 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 123,203 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39,107 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 129,583 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.68 $1.11 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.88 $0.68 $1.11 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,490 163,841 98,708 55,721 57,963 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.14 $0.84 $1.34 $1.28 $1.12 $1.12 $1.00 -- -- -- Accumulation unit value at end of period $1.38 $1.14 $0.84 $1.34 $1.28 $1.12 $1.12 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,760 3,165 3,807 5,203 5,724 5,777 2,540 -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 372,331 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 951,448 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 199,756 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 514,222 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
102 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 125,196 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 335,424 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (08/14/2001) Accumulation unit value at beginning of period $1.63 $1.21 $1.78 $1.89 $1.59 $1.51 $1.27 $0.93 $1.07 $1.00 Accumulation unit value at end of period $2.01 $1.63 $1.21 $1.78 $1.89 $1.59 $1.51 $1.27 $0.93 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 26,229 81,111 85,345 79,474 69,587 72,463 57,581 44,918 28,099 6,314 -------------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (09/15/1999) Accumulation unit value at beginning of period $2.06 $1.39 $2.58 $2.24 $1.65 $1.37 $1.06 $0.72 $0.84 $1.08 Accumulation unit value at end of period $2.55 $2.06 $1.39 $2.58 $2.24 $1.65 $1.37 $1.06 $0.72 $0.84 Number of accumulation units outstanding at end of period (000 omitted) 50,298 80,522 88,899 108,613 122,718 114,381 79,981 56,466 42,309 30,297 -------------------------------------------------------------------------------------------------------------------------- WANGER USA (09/15/1999) Accumulation unit value at beginning of period $1.64 $1.16 $1.94 $1.86 $1.74 $1.58 $1.35 $0.95 $1.15 $1.05 Accumulation unit value at end of period $2.00 $1.64 $1.16 $1.94 $1.86 $1.74 $1.58 $1.35 $0.95 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 67,604 100,879 117,299 145,262 164,257 169,886 140,320 108,046 72,853 46,456 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.20 $1.05 $1.82 $1.60 $1.31 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.39 $1.20 $1.05 $1.82 $1.60 $1.31 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15,532 69,836 8,283 11,475 12,674 9,815 2,086 -- -- -- -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.24 $0.84 $1.42 $1.35 $1.21 $1.13 $0.97 $0.72 $0.99 $1.00 Accumulation unit value at end of period $1.51 $1.24 $0.84 $1.42 $1.35 $1.21 $1.13 $0.97 $0.72 $0.99 Number of accumulation units outstanding at end of period (000 omitted) 9,802 11,212 13,585 18,131 21,391 25,313 25,983 24,999 17,130 3,747 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.16 $0.76 $1.32 $1.17 $0.96 $0.91 $0.81 $0.58 $0.94 $1.00 Accumulation unit value at end of period $1.45 $1.16 $0.76 $1.32 $1.17 $0.96 $0.91 $0.81 $0.58 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 18,266 20,853 19,000 23,653 17,655 14,334 16,103 13,800 7,655 2,230 --------------------------------------------------------------------------------------------------------------------------
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.06 $0.70 $1.35 $1.14 $1.06 $1.00 -- -- -- Accumulation unit value at end of period $1.25 $1.06 $0.70 $1.35 $1.14 $1.06 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 500 609 425 664 2,023 333 -- -- -- ----------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (02/13/2002) Accumulation unit value at beginning of period $1.01 $0.85 $1.45 $1.40 $1.21 $1.16 $1.06 $0.81 $1.00 Accumulation unit value at end of period $1.13 $1.01 $0.85 $1.45 $1.40 $1.21 $1.16 $1.06 $0.81 Number of accumulation units outstanding at end of period (000 omitted) 5,815 7,705 10,045 14,240 18,481 20,739 16,610 9,284 3,503 ----------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (02/13/2002) Accumulation unit value at beginning of period $1.67 $1.25 $2.71 $2.59 $1.94 $1.68 $1.36 $0.95 $1.00 Accumulation unit value at end of period $1.72 $1.67 $1.25 $2.71 $2.59 $1.94 $1.68 $1.36 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 12,904 19,906 29,486 32,186 31,867 25,568 11,679 5,621 1,417 ----------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS II (02/13/2002) Accumulation unit value at beginning of period $1.38 $1.05 $1.92 $1.64 $1.33 $1.19 $1.05 $0.85 $1.00 Accumulation unit value at end of period $1.55 $1.38 $1.05 $1.92 $1.64 $1.33 $1.19 $1.05 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 3,276 3,810 5,162 6,589 7,826 7,538 4,969 2,812 944 ----------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.87 $0.67 $0.90 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.87 $0.67 $0.90 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,356 5,341 7,412 9,862 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.91 $0.68 $1.18 $0.99 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.05 $0.91 $0.68 $1.18 $0.99 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,610 1,815 2,188 2,203 12,931 2,015 -- -- -- -----------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 103
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (02/13/2002) Accumulation unit value at beginning of period $1.26 $1.06 $1.46 $1.56 $1.33 $1.28 $1.13 $0.89 $1.00 Accumulation unit value at end of period $1.41 $1.26 $1.06 $1.46 $1.56 $1.33 $1.28 $1.13 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 9,687 11,068 13,643 20,382 24,433 25,428 16,423 8,977 2,837 ----------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (02/13/2002) Accumulation unit value at beginning of period $1.08 $0.87 $1.28 $1.26 $1.17 $1.11 $1.04 $0.88 $1.00 Accumulation unit value at end of period $1.20 $1.08 $0.87 $1.28 $1.26 $1.17 $1.11 $1.04 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 1,553 1,706 1,873 2,380 3,270 3,186 2,458 1,272 211 ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.16 $0.94 $1.36 $1.35 $1.19 $1.16 $1.07 $0.90 $1.00 Accumulation unit value at end of period $1.29 $1.16 $0.94 $1.36 $1.35 $1.19 $1.16 $1.07 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 6,232 8,438 2,967 5,018 4,466 3,385 2,471 1,608 531 ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (02/13/2002) Accumulation unit value at beginning of period $1.09 $1.10 $1.08 $1.04 $1.01 $0.99 $1.00 $1.00 $1.00 Accumulation unit value at end of period $1.08 $1.09 $1.10 $1.08 $1.04 $1.01 $0.99 $1.00 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 13,198 23,076 51,260 39,420 37,806 22,067 19,507 13,022 12,452 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 3) at Dec. 31, 2010 were (1.15%) and (1.14%), respectively. ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.27 $1.12 $1.21 $1.16 $1.12 $1.11 $1.07 $1.04 $1.00 Accumulation unit value at end of period $1.36 $1.27 $1.12 $1.21 $1.16 $1.12 $1.11 $1.07 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 33,910 89,692 93,379 103,330 87,923 50,746 22,751 13,984 6,481 ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.44 $1.14 $1.94 $1.82 $1.53 $1.36 $1.17 $0.83 $1.00 Accumulation unit value at end of period $1.67 $1.44 $1.14 $1.94 $1.82 $1.53 $1.36 $1.17 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 27,619 59,080 64,717 69,629 75,610 47,282 24,579 8,342 3,101 ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $0.86 $0.70 $1.22 $1.20 $1.05 $1.00 $0.95 $0.75 $1.00 Accumulation unit value at end of period $1.00 $0.86 $0.70 $1.22 $1.20 $1.05 $1.00 $0.95 $0.75 Number of accumulation units outstanding at end of period (000 omitted) 13,426 16,370 18,986 23,697 27,942 27,550 4,862 1,779 291 ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $2.92 $1.69 $3.70 $2.70 $2.04 $1.54 $1.25 $0.90 $1.00 Accumulation unit value at end of period $3.46 $2.92 $1.69 $3.70 $2.70 $2.04 $1.54 $1.25 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 4,807 7,245 11,453 9,394 9,829 8,412 1,983 492 220 ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.60 $1.45 $1.47 $1.38 $1.31 $1.39 $1.28 $1.14 $1.00 Accumulation unit value at end of period $1.69 $1.60 $1.45 $1.47 $1.38 $1.31 $1.39 $1.28 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 10,119 24,423 26,925 31,193 26,716 18,771 8,568 3,885 1,060 ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.17 $1.11 $1.12 $1.05 $1.05 $1.03 $1.00 -- -- Accumulation unit value at end of period $1.21 $1.17 $1.11 $1.12 $1.05 $1.05 $1.03 -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,533 40,367 23,321 26,608 31,048 20,279 653 -- -- ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD INCOME FUND, CLASS 2 (04/28/2006) Accumulation unit value at beginning of period $1.14 $0.80 $1.08 $1.07 $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 $1.14 $0.80 $1.08 $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,843 5,923 6,783 10,284 12,074 -- -- -- -- ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.64 $1.08 $1.46 $1.44 $1.32 $1.28 $1.16 $0.94 $1.00 Accumulation unit value at end of period $1.85 $1.64 $1.08 $1.46 $1.44 $1.32 $1.28 $1.16 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 8,986 10,600 13,016 20,960 27,180 28,189 24,305 16,280 3,957 ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.31 $0.93 $1.15 $1.14 $1.06 $1.04 $1.00 -- -- Accumulation unit value at end of period $1.46 $1.31 $0.93 $1.15 $1.14 $1.06 $1.04 -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,861 29,266 19,612 20,632 21,052 7,061 300 -- -- ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.45 $1.15 $1.94 $1.74 $1.42 $1.26 $1.08 $0.85 $1.00 Accumulation unit value at end of period $1.63 $1.45 $1.15 $1.94 $1.74 $1.42 $1.26 $1.08 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 2,671 3,118 3,748 5,324 5,986 5,133 2,551 340 55 ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $0.89 $0.66 $1.19 $1.17 $1.06 $0.99 $0.92 $0.77 $1.00 Accumulation unit value at end of period $1.03 $0.89 $0.66 $1.19 $1.17 $1.06 $0.99 $0.92 $0.77 Number of accumulation units outstanding at end of period (000 omitted) 7,579 9,725 12,689 20,603 24,725 23,296 7,403 5,647 973 -----------------------------------------------------------------------------------------------------------------
104 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.19 $1.02 $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 $0.89 $0.71 $1.19 $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,954 47,208 42,915 31,378 21,100 -- -- -- -- ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.64 $1.26 $1.07 $1.00 -- -- -- -- Accumulation unit value at end of period $0.99 $0.88 $0.64 $1.26 $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,409 4,016 5,121 4,198 9,849 -- -- -- -- ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.24 $0.76 $1.40 $1.24 $1.26 $1.15 $1.07 $0.88 $1.00 Accumulation unit value at end of period $1.55 $1.24 $0.76 $1.40 $1.24 $1.26 $1.15 $1.07 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 1,677 2,137 2,135 2,984 4,676 5,505 5,961 4,649 1,153 ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.12 $0.81 $1.48 $1.36 $1.19 $1.00 -- -- -- Accumulation unit value at end of period $1.36 $1.12 $0.81 $1.48 $1.36 $1.19 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,568 6,370 9,682 9,445 15,321 622 -- -- -- ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.05 $0.84 $1.35 $1.30 $1.14 $1.10 $1.01 $0.80 $1.00 Accumulation unit value at end of period $1.19 $1.05 $0.84 $1.35 $1.30 $1.14 $1.10 $1.01 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 5,760 6,575 7,849 10,644 13,132 14,184 11,269 6,544 1,889 ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $0.98 $0.79 $1.31 $1.33 $1.13 $1.09 $1.00 -- -- Accumulation unit value at end of period $1.17 $0.98 $0.79 $1.31 $1.33 $1.13 $1.09 -- -- Number of accumulation units outstanding at end of period (000 omitted) 657 520 582 925 1,124 921 450 -- -- ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.34 $0.97 $1.59 $1.68 $1.52 $1.46 $1.25 $0.85 $1.00 Accumulation unit value at end of period $1.68 $1.34 $0.97 $1.59 $1.68 $1.52 $1.46 $1.25 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 1,364 1,760 2,383 3,378 4,827 5,744 5,617 2,920 900 ----------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.13 $1.09 $1.13 $1.08 $1.05 $1.04 $1.05 $1.04 $1.00 Accumulation unit value at end of period $1.16 $1.13 $1.09 $1.13 $1.08 $1.05 $1.04 $1.05 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 9,876 11,597 12,804 12,583 16,153 18,707 17,403 14,902 6,107 ----------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.74 $1.13 $0.97 $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 $0.87 $0.74 $1.13 $0.97 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,003 6,589 4,848 3,423 9,239 -- -- -- -- ----------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 999 897 88 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.97 $0.84 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,338 1,849 1,582 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.91 $0.76 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,426 2,698 2,013 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,607 2,942 1,762 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,353 2,685 829 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. -----------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 105
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.07 $0.75 $1.03 $1.03 $1.00 -- -- -- -- Accumulation unit value at end of period $1.15 $1.07 $0.75 $1.03 $1.03 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,826 20,977 18,362 19,211 18,826 -- -- -- -- ----------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.91 $0.68 $1.20 $1.03 $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 $0.91 $0.68 $1.20 $1.03 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 23,331 32,815 53,546 45,072 40,094 -- -- -- -- ----------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.04 $0.83 $1.44 $1.30 $1.16 $1.09 $1.04 $0.85 $1.00 Accumulation unit value at end of period $1.18 $1.04 $0.83 $1.44 $1.30 $1.16 $1.09 $1.04 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 9,202 10,988 14,570 20,111 25,441 28,158 27,602 15,940 3,592 ----------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.86 $1.35 $2.25 $1.97 $1.77 $1.52 $1.23 $0.90 $1.00 Accumulation unit value at end of period $2.37 $1.86 $1.35 $2.25 $1.97 $1.77 $1.52 $1.23 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 19,376 28,494 38,797 44,787 53,339 46,944 30,787 15,111 4,182 ----------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.45 $1.16 $2.09 $1.80 $1.55 $1.32 $1.17 $0.83 $1.00 Accumulation unit value at end of period $1.62 $1.45 $1.16 $2.09 $1.80 $1.55 $1.32 $1.17 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 4,194 5,075 6,432 8,255 10,330 9,686 7,474 2,900 553 ----------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.25 $1.06 $1.86 $2.37 $1.99 $1.77 $1.36 $1.01 $1.00 Accumulation unit value at end of period $1.50 $1.25 $1.06 $1.86 $2.37 $1.99 $1.77 $1.36 $1.01 Number of accumulation units outstanding at end of period (000 omitted) 5,793 7,137 9,150 14,263 20,694 22,307 17,231 9,166 2,887 ----------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.51 $1.18 $1.77 $1.84 $1.59 $1.47 $1.20 $0.92 $1.00 Accumulation unit value at end of period $1.91 $1.51 $1.18 $1.77 $1.84 $1.59 $1.47 $1.20 $0.92 Number of accumulation units outstanding at end of period (000 omitted) 5,667 7,198 8,815 11,862 14,227 13,298 8,980 5,248 2,075 ----------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.26 $1.01 $1.62 $1.58 $1.35 $1.23 $1.10 $0.89 $1.00 Accumulation unit value at end of period $1.38 $1.26 $1.01 $1.62 $1.58 $1.35 $1.23 $1.10 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 8,593 10,913 14,362 21,837 22,449 18,871 13,076 6,742 1,735 ----------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (02/13/2002) Accumulation unit value at beginning of period $1.63 $1.24 $1.98 $1.94 $1.69 $1.51 $1.21 $0.95 $1.00 Accumulation unit value at end of period $2.02 $1.63 $1.24 $1.98 $1.94 $1.69 $1.51 $1.21 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 10,069 12,872 16,558 24,512 29,515 30,996 15,049 7,743 2,583 ----------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (02/13/2002) Accumulation unit value at beginning of period $1.01 $0.84 $1.35 $1.38 $1.24 $1.17 $1.03 $0.80 $1.00 Accumulation unit value at end of period $1.12 $1.01 $0.84 $1.35 $1.38 $1.24 $1.17 $1.03 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 8,681 11,037 13,564 20,871 27,339 30,636 9,922 2,742 1,048 ----------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (02/13/2002) Accumulation unit value at beginning of period $0.89 $0.74 $1.31 $1.18 $1.13 $1.05 $1.00 $0.78 $1.00 Accumulation unit value at end of period $1.01 $0.89 $0.74 $1.31 $1.18 $1.13 $1.05 $1.00 $0.78 Number of accumulation units outstanding at end of period (000 omitted) 8,736 10,744 12,622 15,385 19,282 24,536 5,492 1,386 379 ----------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (02/13/2002) Accumulation unit value at beginning of period $1.23 $0.88 $1.67 $1.53 $1.33 $1.23 $1.07 $0.80 $1.00 Accumulation unit value at end of period $1.44 $1.23 $0.88 $1.67 $1.53 $1.33 $1.23 $1.07 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 1,142 1,576 2,199 3,003 3,321 2,836 2,429 1,198 552 ----------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES I SHARES* (02/13/2002) Accumulation unit value at beginning of period $0.56 $0.45 $1.12 $1.45 $1.26 $1.20 $1.11 $0.87 $1.00 Accumulation unit value at end of period $0.62 $0.56 $0.45 $1.12 $1.45 $1.26 $1.20 $1.11 $0.87 Number of accumulation units outstanding at end of period (000 omitted) 1,814 2,151 1,606 1,004 1,342 1,322 1,122 925 526 *Invesco V.I. Financial Services Fund, Series I Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series I Shares on April 29, 2011. ----------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.00 $0.80 $1.13 $1.02 $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 $1.00 $0.80 $1.13 $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 912 956 923 753 5,096 -- -- -- -- ----------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.23 $0.92 $1.57 $1.38 $1.09 $1.00 -- -- -- Accumulation unit value at end of period $1.37 $1.23 $0.92 $1.57 $1.38 $1.09 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,166 14,695 14,785 8,000 503 2 -- -- -- -----------------------------------------------------------------------------------------------------------------
106 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------------------- INVESCO V.I. TECHNOLOGY FUND, SERIES I SHARES (02/13/2002) Accumulation unit value at beginning of period $0.84 $0.54 $0.99 $0.93 $0.85 $0.84 $0.81 $0.56 $1.00 Accumulation unit value at end of period $1.01 $0.84 $0.54 $0.99 $0.93 $0.85 $0.84 $0.81 $0.56 Number of accumulation units outstanding at end of period (000 omitted) 2,504 2,935 2,808 2,913 3,543 4,728 1,650 851 192 ----------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.06 $0.84 $1.31 $1.36 $1.18 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.22 $1.06 $0.84 $1.31 $1.36 $1.18 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 19,642 32,587 43,694 51,531 60,771 53,896 12,916 -- -- ----------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.96 $0.85 $0.63 $1.06 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,203 38,560 33,658 25,246 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.84 $0.60 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.84 $0.60 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 364 497 443 225 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $1.03 $0.75 $1.20 $1.09 $1.03 $0.99 $0.92 $0.76 $1.00 Accumulation unit value at end of period $1.14 $1.03 $0.75 $1.20 $1.09 $1.03 $0.99 $0.92 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 3,412 4,222 4,927 5,932 8,628 8,658 5,399 2,971 1,088 ----------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $1.14 $0.71 $1.18 $1.17 $1.04 $1.00 $0.96 $0.72 $1.00 Accumulation unit value at end of period $1.54 $1.14 $0.71 $1.18 $1.17 $1.04 $1.00 $0.96 $0.72 Number of accumulation units outstanding at end of period (000 omitted) 1,975 2,166 2,718 3,692 5,363 6,257 6,311 5,191 2,112 ----------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $2.25 $1.71 $2.78 $2.20 $1.70 $1.47 $1.14 $0.85 $1.00 Accumulation unit value at end of period $2.53 $2.25 $1.71 $2.78 $2.20 $1.70 $1.47 $1.14 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 4,253 5,019 6,021 7,678 8,231 6,871 3,380 1,670 276 ----------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.86 $0.61 $1.11 $1.22 $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 $0.86 $0.61 $1.11 $1.22 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,422 10,214 14,095 9,916 8,886 -- -- -- -- ----------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.98 $0.63 $1.20 $0.99 $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 $0.98 $0.63 $1.20 $0.99 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,749 2,148 2,776 2,519 6,372 -- -- -- -- ----------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.75 $0.56 $1.07 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $0.91 $0.75 $0.56 $1.07 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 833 9,498 10,873 10,350 9,305 -- -- -- -- ----------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.29 $0.94 $1.59 $1.51 $1.30 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.48 $1.29 $0.94 $1.59 $1.51 $1.30 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,713 6,423 8,456 11,884 14,402 11,208 4,318 -- -- ----------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.24 $1.05 $1.24 $1.15 $1.08 $1.07 $1.00 -- -- Accumulation unit value at end of period $1.40 $1.24 $1.05 $1.24 $1.15 $1.08 $1.07 -- -- Number of accumulation units outstanding at end of period (000 omitted) 36,401 70,681 82,157 92,164 64,615 34,899 7,003 -- -- ----------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.15 $0.85 $1.38 $1.42 $1.25 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.40 $1.15 $0.85 $1.38 $1.42 $1.25 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,518 5,663 7,256 9,606 10,328 6,924 2,998 -- -- ----------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.12 $0.93 $1.11 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.25 $1.12 $0.93 $1.11 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7,695 26,403 31,669 27,066 26,857 -- -- -- -- ----------------------------------------------------------------------------------------------------------------- PUTNAM VT GLOBAL HEALTH CARE FUND - CLASS IB SHARES (02/13/2002) Accumulation unit value at beginning of period $1.15 $0.92 $1.12 $1.14 $1.12 $1.00 $0.94 $0.81 $1.00 Accumulation unit value at end of period $1.17 $1.15 $0.92 $1.12 $1.14 $1.12 $1.00 $0.94 $0.81 Number of accumulation units outstanding at end of period (000 omitted) 1,676 2,116 2,705 3,423 4,490 4,351 2,530 1,776 617 -----------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 107
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------------------- PUTNAM VT INTERNATIONAL EQUITY FUND - CLASS IB SHARES (02/13/2002) Accumulation unit value at beginning of period $1.30 $1.05 $1.90 $1.77 $1.40 $1.26 $1.09 $0.86 $1.00 Accumulation unit value at end of period $1.41 $1.30 $1.05 $1.90 $1.77 $1.40 $1.26 $1.09 $0.86 Number of accumulation units outstanding at end of period (000 omitted) 1,420 1,819 2,476 3,409 3,961 4,252 4,043 4,165 2,086 ----------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 574 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,096 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 34,056 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,295 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20,656 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.68 $1.11 $1.08 $1.00 -- -- -- -- Accumulation unit value at end of period $0.97 $0.88 $0.68 $1.11 $1.08 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,193 38,320 25,636 18,675 20,639 -- -- -- -- ----------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.14 $0.84 $1.34 $1.28 $1.12 $1.12 $1.00 -- -- Accumulation unit value at end of period $1.37 $1.14 $0.84 $1.34 $1.28 $1.12 $1.12 -- -- Number of accumulation units outstanding at end of period (000 omitted) 441 522 766 1,469 1,490 1,493 840 -- -- ----------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,697 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 199,338 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,430 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 118,440 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,250 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 58,788 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.54 $1.14 $1.68 $1.79 $1.50 $1.43 $1.21 $0.88 $1.00 Accumulation unit value at end of period $1.90 $1.54 $1.14 $1.68 $1.79 $1.50 $1.43 $1.21 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 6,022 20,099 23,170 23,547 19,283 20,683 11,379 7,181 3,316 -----------------------------------------------------------------------------------------------------------------
108 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (02/13/2002) Accumulation unit value at beginning of period $2.49 $1.68 $3.12 $2.71 $1.99 $1.66 $1.28 $0.87 $1.00 Accumulation unit value at end of period $3.08 $2.49 $1.68 $3.12 $2.71 $1.99 $1.66 $1.28 $0.87 Number of accumulation units outstanding at end of period (000 omitted) 8,554 14,208 16,311 18,491 21,367 19,260 9,273 4,376 1,523 ----------------------------------------------------------------------------------------------------------------- WANGER USA (02/13/2002) Accumulation unit value at beginning of period $1.46 $1.03 $1.73 $1.66 $1.56 $1.41 $1.21 $0.85 $1.00 Accumulation unit value at end of period $1.78 $1.46 $1.03 $1.73 $1.66 $1.56 $1.41 $1.21 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 15,507 23,568 28,344 36,469 42,372 41,455 26,304 13,657 3,732 ----------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.20 $1.05 $1.81 $1.59 $1.31 $1.14 $1.00 -- -- Accumulation unit value at end of period $1.38 $1.20 $1.05 $1.81 $1.59 $1.31 $1.14 -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,118 15,466 3,851 5,245 6,006 4,632 1,316 -- -- ----------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.29 $0.88 $1.48 $1.40 $1.26 $1.18 $1.01 $0.75 $1.00 Accumulation unit value at end of period $1.58 $1.29 $0.88 $1.48 $1.40 $1.26 $1.18 $1.01 $0.75 Number of accumulation units outstanding at end of period (000 omitted) 2,173 2,701 3,344 4,587 6,324 7,621 6,990 5,557 2,340 ----------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.34 $0.88 $1.52 $1.35 $1.11 $1.06 $0.94 $0.67 $1.00 Accumulation unit value at end of period $1.68 $1.34 $0.88 $1.52 $1.35 $1.11 $1.06 $0.94 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 2,621 2,879 3,050 3,223 2,943 2,596 2,735 1,772 662 -----------------------------------------------------------------------------------------------------------------
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ---------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.05 $0.70 $1.34 $1.13 $1.06 $1.00 -- -- -- Accumulation unit value at end of period $1.24 $1.05 $0.70 $1.34 $1.13 $1.06 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 437 548 301 264 846 148 -- -- -- ---------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (02/13/2002) Accumulation unit value at beginning of period $1.00 $0.84 $1.43 $1.38 $1.20 $1.16 $1.05 $0.81 $1.00 Accumulation unit value at end of period $1.11 $1.00 $0.84 $1.43 $1.38 $1.20 $1.16 $1.05 $0.81 Number of accumulation units outstanding at end of period (000 omitted) 3,288 4,258 6,035 9,112 12,504 14,313 11,547 7,339 4,072 ---------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (02/13/2002) Accumulation unit value at beginning of period $1.64 $1.24 $2.68 $2.57 $1.92 $1.67 $1.35 $0.95 $1.00 Accumulation unit value at end of period $1.69 $1.64 $1.24 $2.68 $2.57 $1.92 $1.67 $1.35 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 6,458 9,981 15,720 18,897 19,979 16,470 7,898 3,918 1,371 ---------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS II (02/13/2002) Accumulation unit value at beginning of period $1.36 $1.03 $1.90 $1.63 $1.32 $1.18 $1.04 $0.85 $1.00 Accumulation unit value at end of period $1.52 $1.36 $1.03 $1.90 $1.63 $1.32 $1.18 $1.04 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 1,679 2,015 2,795 3,680 4,188 3,768 2,448 1,128 448 ---------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.86 $0.67 $0.90 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.86 $0.67 $0.90 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 775 2,523 4,001 5,266 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.90 $0.68 $1.18 $0.99 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.03 $0.90 $0.68 $1.18 $0.99 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 992 1,098 1,338 1,445 6,545 1,015 -- -- -- ---------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (02/13/2002) Accumulation unit value at beginning of period $1.24 $1.05 $1.45 $1.54 $1.32 $1.27 $1.13 $0.89 $1.00 Accumulation unit value at end of period $1.38 $1.24 $1.05 $1.45 $1.54 $1.32 $1.27 $1.13 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 5,469 6,158 8,079 12,429 15,592 16,716 10,779 5,922 2,396 ---------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (02/13/2002) Accumulation unit value at beginning of period $1.06 $0.86 $1.26 $1.24 $1.16 $1.11 $1.04 $0.88 $1.00 Accumulation unit value at end of period $1.17 $1.06 $0.86 $1.26 $1.24 $1.16 $1.11 $1.04 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 737 858 1,073 1,711 2,144 2,283 1,690 769 208 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.14 $0.93 $1.35 $1.34 $1.18 $1.15 $1.07 $0.90 $1.00 Accumulation unit value at end of period $1.27 $1.14 $0.93 $1.35 $1.34 $1.18 $1.15 $1.07 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 4,325 6,111 2,378 4,008 3,764 3,085 2,273 1,117 462 ----------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 109
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (02/13/2002) Accumulation unit value at beginning of period $1.07 $1.08 $1.07 $1.03 $1.00 $0.99 $0.99 $1.00 $1.00 Accumulation unit value at end of period $1.06 $1.07 $1.08 $1.07 $1.03 $1.00 $0.99 $0.99 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 7,758 14,861 39,094 33,791 33,401 18,979 15,014 12,047 12,148 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 3) at Dec. 31, 2010 were (1.41%) and (1.40%), respectively. ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.25 $1.11 $1.20 $1.15 $1.12 $1.11 $1.07 $1.04 $1.00 Accumulation unit value at end of period $1.34 $1.25 $1.11 $1.20 $1.15 $1.12 $1.11 $1.07 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 26,396 58,421 63,728 68,622 60,502 37,023 19,654 12,452 5,971 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.41 $1.12 $1.91 $1.79 $1.51 $1.35 $1.15 $0.83 $1.00 Accumulation unit value at end of period $1.63 $1.41 $1.12 $1.91 $1.79 $1.51 $1.35 $1.15 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 13,939 30,183 36,755 43,798 50,646 33,232 17,932 5,976 2,058 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $0.92 $0.75 $1.31 $1.29 $1.13 $1.08 $1.03 $0.81 $1.00 Accumulation unit value at end of period $1.07 $0.92 $0.75 $1.31 $1.29 $1.13 $1.08 $1.03 $0.81 Number of accumulation units outstanding at end of period (000 omitted) 5,013 6,295 7,479 10,299 12,875 11,604 2,482 744 96 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $2.87 $1.67 $3.65 $2.68 $2.02 $1.53 $1.25 $0.90 $1.00 Accumulation unit value at end of period $3.40 $2.87 $1.67 $3.65 $2.68 $2.02 $1.53 $1.25 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 2,468 3,600 5,787 5,242 5,716 4,677 1,199 318 121 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.58 $1.43 $1.46 $1.37 $1.30 $1.38 $1.27 $1.14 $1.00 Accumulation unit value at end of period $1.66 $1.58 $1.43 $1.46 $1.37 $1.30 $1.38 $1.27 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 7,371 16,121 18,675 22,272 19,781 15,541 8,857 4,839 1,529 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.16 $1.10 $1.11 $1.04 $1.04 $1.03 $1.00 -- -- Accumulation unit value at end of period $1.19 $1.16 $1.10 $1.11 $1.04 $1.04 $1.03 -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,304 25,536 17,319 17,958 20,730 13,014 516 -- -- ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (04/28/2006) Accumulation unit value at beginning of period $1.14 $0.80 $1.07 $1.07 $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 $1.14 $0.80 $1.07 $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,872 4,262 4,864 7,595 9,164 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.62 $1.06 $1.44 $1.43 $1.31 $1.27 $1.15 $0.93 $1.00 Accumulation unit value at end of period $1.82 $1.62 $1.06 $1.44 $1.43 $1.31 $1.27 $1.15 $0.93 Number of accumulation units outstanding at end of period (000 omitted) 7,802 9,680 11,973 19,687 25,271 27,474 25,456 15,576 4,269 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.29 $0.92 $1.15 $1.13 $1.06 $1.04 $1.00 -- -- Accumulation unit value at end of period $1.45 $1.29 $0.92 $1.15 $1.13 $1.06 $1.04 -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,416 17,730 11,540 12,716 13,255 4,187 271 -- -- ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.42 $1.13 $1.92 $1.73 $1.41 $1.25 $1.08 $0.85 $1.00 Accumulation unit value at end of period $1.60 $1.42 $1.13 $1.92 $1.73 $1.41 $1.25 $1.08 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 1,443 1,829 2,197 3,162 3,800 3,647 2,172 496 105 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $0.88 $0.65 $1.18 $1.16 $1.05 $0.98 $0.92 $0.76 $1.00 Accumulation unit value at end of period $1.02 $0.88 $0.65 $1.18 $1.16 $1.05 $0.98 $0.92 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 3,547 4,530 6,110 10,992 13,741 13,519 4,079 2,868 392 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.18 $1.02 $1.00 -- -- -- -- Accumulation unit value at end of period $1.06 $0.89 $0.71 $1.18 $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,790 22,026 20,913 15,689 10,663 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.64 $1.26 $1.06 $1.00 -- -- -- -- Accumulation unit value at end of period $0.98 $0.87 $0.64 $1.26 $1.06 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,766 2,195 2,857 2,426 5,251 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.22 $0.75 $1.38 $1.23 $1.25 $1.15 $1.06 $0.88 $1.00 Accumulation unit value at end of period $1.52 $1.22 $0.75 $1.38 $1.23 $1.25 $1.15 $1.06 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 1,155 1,372 1,170 1,887 2,741 2,961 3,400 2,602 889 ----------------------------------------------------------------------------------------------------------------
110 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.11 $0.80 $1.47 $1.35 $1.19 $1.00 -- -- -- Accumulation unit value at end of period $1.35 $1.11 $0.80 $1.47 $1.35 $1.19 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,680 2,952 5,049 5,225 7,878 393 -- -- -- ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.03 $0.83 $1.34 $1.29 $1.13 $1.10 $1.01 $0.80 $1.00 Accumulation unit value at end of period $1.17 $1.03 $0.83 $1.34 $1.29 $1.13 $1.10 $1.01 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 3,421 4,568 5,854 8,187 9,874 10,825 9,241 5,428 1,648 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $0.97 $0.78 $1.30 $1.33 $1.13 $1.09 $1.00 -- -- Accumulation unit value at end of period $1.16 $0.97 $0.78 $1.30 $1.33 $1.13 $1.09 -- -- Number of accumulation units outstanding at end of period (000 omitted) 561 429 584 789 734 632 499 -- -- ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.32 $0.95 $1.57 $1.66 $1.51 $1.45 $1.24 $0.85 $1.00 Accumulation unit value at end of period $1.65 $1.32 $0.95 $1.57 $1.66 $1.51 $1.45 $1.24 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 880 971 1,315 2,098 3,358 3,917 3,802 2,139 516 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.12 $1.07 $1.11 $1.07 $1.04 $1.04 $1.04 $1.04 $1.00 Accumulation unit value at end of period $1.14 $1.12 $1.07 $1.11 $1.07 $1.04 $1.04 $1.04 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 9,727 11,135 13,972 12,745 15,464 16,802 16,700 13,079 7,646 ---------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.73 $1.12 $0.97 $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 $0.87 $0.73 $1.12 $0.97 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,563 2,966 2,963 1,728 4,962 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.86 $0.71 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.96 $0.86 $0.71 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 64 334 66 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.97 $0.84 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,836 2,130 1,506 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.90 $0.76 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.90 $0.76 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,345 2,219 1,184 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.89 $0.73 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 958 873 466 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,349 1,964 993 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.06 $0.74 $1.03 $1.03 $1.00 -- -- -- -- Accumulation unit value at end of period $1.14 $1.06 $0.74 $1.03 $1.03 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,500 12,792 11,376 13,146 12,200 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.90 $0.68 $1.19 $1.03 $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 $0.90 $0.68 $1.19 $1.03 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,302 15,949 27,515 23,069 20,348 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.02 $0.81 $1.42 $1.28 $1.15 $1.09 $1.04 $0.85 $1.00 Accumulation unit value at end of period $1.16 $1.02 $0.81 $1.42 $1.28 $1.15 $1.09 $1.04 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 5,091 6,236 8,328 12,003 16,152 18,132 18,010 11,020 3,508 ----------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 111
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ---------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.84 $1.33 $2.23 $1.95 $1.76 $1.51 $1.23 $0.90 $1.00 Accumulation unit value at end of period $2.33 $1.84 $1.33 $2.23 $1.95 $1.76 $1.51 $1.23 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 9,514 14,164 20,610 25,720 32,335 28,423 18,934 9,886 3,541 ---------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.43 $1.14 $2.07 $1.79 $1.53 $1.31 $1.17 $0.83 $1.00 Accumulation unit value at end of period $1.59 $1.43 $1.14 $2.07 $1.79 $1.53 $1.31 $1.17 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 2,441 3,135 4,259 5,901 7,436 6,520 5,276 2,292 610 ---------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.23 $1.05 $1.84 $2.35 $1.97 $1.76 $1.35 $1.01 $1.00 Accumulation unit value at end of period $1.47 $1.23 $1.05 $1.84 $2.35 $1.97 $1.76 $1.35 $1.01 Number of accumulation units outstanding at end of period (000 omitted) 3,274 4,145 5,481 8,852 13,498 15,139 12,119 6,601 2,989 ---------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.48 $1.16 $1.75 $1.82 $1.57 $1.46 $1.20 $0.92 $1.00 Accumulation unit value at end of period $1.88 $1.48 $1.16 $1.75 $1.82 $1.57 $1.46 $1.20 $0.92 Number of accumulation units outstanding at end of period (000 omitted) 2,911 3,457 4,647 7,056 8,954 8,682 5,338 3,257 1,610 ---------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.24 $0.99 $1.60 $1.56 $1.34 $1.22 $1.10 $0.89 $1.00 Accumulation unit value at end of period $1.36 $1.24 $0.99 $1.60 $1.56 $1.34 $1.22 $1.10 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 4,727 5,705 8,193 12,837 13,922 11,400 7,311 3,856 1,418 ---------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (02/13/2002) Accumulation unit value at beginning of period $1.60 $1.22 $1.96 $1.92 $1.68 $1.50 $1.21 $0.95 $1.00 Accumulation unit value at end of period $1.98 $1.60 $1.22 $1.96 $1.92 $1.68 $1.50 $1.21 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 6,137 7,669 10,448 15,654 19,762 20,011 10,047 5,836 2,777 ---------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (02/13/2002) Accumulation unit value at beginning of period $0.99 $0.83 $1.33 $1.37 $1.23 $1.17 $1.03 $0.80 $1.00 Accumulation unit value at end of period $1.10 $0.99 $0.83 $1.33 $1.37 $1.23 $1.17 $1.03 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 4,364 5,508 7,207 11,550 15,324 16,269 6,220 2,770 1,483 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (02/13/2002) Accumulation unit value at beginning of period $0.88 $0.73 $1.29 $1.17 $1.12 $1.04 $0.99 $0.78 $1.00 Accumulation unit value at end of period $1.00 $0.88 $0.73 $1.29 $1.17 $1.12 $1.04 $0.99 $0.78 Number of accumulation units outstanding at end of period (000 omitted) 3,563 4,612 5,453 7,314 10,002 11,202 2,736 978 447 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (02/13/2002) Accumulation unit value at beginning of period $1.21 $0.86 $1.65 $1.51 $1.32 $1.22 $1.07 $0.80 $1.00 Accumulation unit value at end of period $1.42 $1.21 $0.86 $1.65 $1.51 $1.32 $1.22 $1.07 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 784 992 1,232 1,796 2,051 1,835 1,591 774 463 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES I SHARES* (02/13/2002) Accumulation unit value at beginning of period $0.56 $0.44 $1.10 $1.43 $1.25 $1.19 $1.11 $0.87 $1.00 Accumulation unit value at end of period $0.61 $0.56 $0.44 $1.10 $1.43 $1.25 $1.19 $1.11 $0.87 Number of accumulation units outstanding at end of period (000 omitted) 911 1,003 1,016 586 904 832 915 731 446 *Invesco V.I. Financial Services Fund, Series I Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series I Shares on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.00 $0.79 $1.13 $1.02 $1.00 -- -- -- -- Accumulation unit value at end of period $1.03 $1.00 $0.79 $1.13 $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 387 587 665 456 2,466 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.22 $0.92 $1.56 $1.38 $1.09 $1.00 -- -- -- Accumulation unit value at end of period $1.36 $1.22 $0.92 $1.56 $1.38 $1.09 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,536 7,083 7,389 4,140 267 5 -- -- -- ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. TECHNOLOGY FUND, SERIES I SHARES (02/13/2002) Accumulation unit value at beginning of period $0.83 $0.53 $0.98 $0.92 $0.84 $0.83 $0.80 $0.56 $1.00 Accumulation unit value at end of period $1.00 $0.83 $0.53 $0.98 $0.92 $0.84 $0.83 $0.80 $0.56 Number of accumulation units outstanding at end of period (000 omitted) 1,578 1,450 1,188 1,544 1,896 2,168 923 573 157 ---------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.05 $0.83 $1.30 $1.35 $1.18 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.20 $1.05 $0.83 $1.30 $1.35 $1.18 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,203 15,447 21,701 27,381 32,887 26,831 6,418 -- -- ---------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.84 $0.63 $1.06 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.95 $0.84 $0.63 $1.06 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,827 18,450 16,906 12,686 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------
112 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ---------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.84 $0.59 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.84 $0.59 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 172 204 130 97 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $1.01 $0.74 $1.18 $1.08 $1.02 $0.99 $0.92 $0.76 $1.00 Accumulation unit value at end of period $1.12 $1.01 $0.74 $1.18 $1.08 $1.02 $0.99 $0.92 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 1,440 2,149 2,427 3,135 4,033 4,710 3,047 2,246 712 ---------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $1.12 $0.70 $1.17 $1.16 $1.04 $1.00 $0.95 $0.72 $1.00 Accumulation unit value at end of period $1.51 $1.12 $0.70 $1.17 $1.16 $1.04 $1.00 $0.95 $0.72 Number of accumulation units outstanding at end of period (000 omitted) 1,318 1,542 1,851 2,675 3,472 4,247 4,567 3,912 1,784 ---------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $2.21 $1.69 $2.74 $2.18 $1.68 $1.46 $1.14 $0.85 $1.00 Accumulation unit value at end of period $2.48 $2.21 $1.69 $2.74 $2.18 $1.68 $1.46 $1.14 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 2,748 3,343 4,698 6,370 6,302 5,189 2,575 1,371 431 ---------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.85 $0.61 $1.10 $1.22 $1.00 -- -- -- -- Accumulation unit value at end of period $1.03 $0.85 $0.61 $1.10 $1.22 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,304 4,848 7,113 4,961 4,670 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.98 $0.63 $1.19 $0.99 $1.00 -- -- -- -- Accumulation unit value at end of period $1.28 $0.98 $0.63 $1.19 $0.99 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,284 1,240 1,487 1,490 3,111 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.75 $0.56 $1.06 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $0.90 $0.75 $0.56 $1.06 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 320 4,088 5,048 4,922 4,471 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.28 $0.93 $1.58 $1.50 $1.30 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.46 $1.28 $0.93 $1.58 $1.50 $1.30 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,966 3,414 4,437 6,986 8,796 5,927 2,391 -- -- ---------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.22 $1.04 $1.23 $1.14 $1.08 $1.06 $1.00 -- -- Accumulation unit value at end of period $1.38 $1.22 $1.04 $1.23 $1.14 $1.08 $1.06 -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,920 45,739 58,677 62,902 46,387 23,303 4,223 -- -- ---------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.14 $0.84 $1.37 $1.41 $1.24 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.38 $1.14 $0.84 $1.37 $1.41 $1.24 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,099 2,510 3,184 4,773 5,725 3,700 1,477 -- -- ---------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.11 $0.92 $1.11 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.24 $1.11 $0.92 $1.11 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7,492 15,667 18,406 14,755 14,860 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- PUTNAM VT GLOBAL HEALTH CARE FUND - CLASS IB SHARES (02/13/2002) Accumulation unit value at beginning of period $1.13 $0.91 $1.11 $1.13 $1.11 $1.00 $0.94 $0.80 $1.00 Accumulation unit value at end of period $1.15 $1.13 $0.91 $1.11 $1.13 $1.11 $1.00 $0.94 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 683 936 1,192 1,630 2,416 2,388 1,649 1,108 583 ---------------------------------------------------------------------------------------------------------------- PUTNAM VT INTERNATIONAL EQUITY FUND - CLASS IB SHARES (02/13/2002) Accumulation unit value at beginning of period $1.28 $1.04 $1.87 $1.75 $1.39 $1.25 $1.09 $0.86 $1.00 Accumulation unit value at end of period $1.39 $1.28 $1.04 $1.87 $1.75 $1.39 $1.25 $1.09 $0.86 Number of accumulation units outstanding at end of period (000 omitted) 801 1,046 1,497 2,184 2,660 3,019 2,995 2,797 1,392 ---------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 189 -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18,111 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 113
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,130 -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 31,375 -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20,762 -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.67 $1.11 $1.08 $1.00 -- -- -- -- Accumulation unit value at end of period $0.96 $0.87 $0.67 $1.11 $1.08 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,020 17,879 12,896 9,646 10,682 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.12 $0.83 $1.33 $1.27 $1.11 $1.12 $1.00 -- -- Accumulation unit value at end of period $1.35 $1.12 $0.83 $1.33 $1.27 $1.11 $1.12 -- -- Number of accumulation units outstanding at end of period (000 omitted) 347 389 614 980 1,141 1,193 732 -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 267,638 -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 95,000 -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 98,233 -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 43,525 -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 82,795 -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 38,588 -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.52 $1.12 $1.66 $1.77 $1.49 $1.42 $1.20 $0.88 $1.00 Accumulation unit value at end of period $1.86 $1.52 $1.12 $1.66 $1.77 $1.49 $1.42 $1.20 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 2,661 9,298 11,506 12,216 10,437 11,559 7,783 5,093 2,665 ---------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (02/13/2002) Accumulation unit value at beginning of period $2.45 $1.66 $3.08 $2.68 $1.98 $1.65 $1.28 $0.87 $1.00 Accumulation unit value at end of period $3.02 $2.45 $1.66 $3.08 $2.68 $1.98 $1.65 $1.28 $0.87 Number of accumulation units outstanding at end of period (000 omitted) 4,188 7,020 8,509 10,565 12,918 11,470 5,817 2,667 1,055 ---------------------------------------------------------------------------------------------------------------- WANGER USA (02/13/2002) Accumulation unit value at beginning of period $1.43 $1.02 $1.71 $1.64 $1.54 $1.40 $1.20 $0.85 $1.00 Accumulation unit value at end of period $1.75 $1.43 $1.02 $1.71 $1.64 $1.54 $1.40 $1.20 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 7,116 11,266 14,444 19,504 23,503 23,080 15,408 8,442 3,131 ---------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.18 $1.04 $1.80 $1.59 $1.31 $1.14 $1.00 -- -- Accumulation unit value at end of period $1.36 $1.18 $1.04 $1.80 $1.59 $1.31 $1.14 -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,780 8,152 2,508 3,470 4,047 3,150 728 -- -- ----------------------------------------------------------------------------------------------------------------
114 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ---------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.27 $0.87 $1.47 $1.39 $1.25 $1.18 $1.01 $0.75 $1.00 Accumulation unit value at end of period $1.55 $1.27 $0.87 $1.47 $1.39 $1.25 $1.18 $1.01 $0.75 Number of accumulation units outstanding at end of period (000 omitted) 941 1,067 1,472 2,414 3,081 3,829 3,698 3,344 1,985 ---------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.31 $0.87 $1.51 $1.34 $1.10 $1.05 $0.94 $0.67 $1.00 Accumulation unit value at end of period $1.65 $1.31 $0.87 $1.51 $1.34 $1.10 $1.05 $0.94 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 1,331 1,388 1,360 1,799 1,527 1,557 1,643 1,441 387 ----------------------------------------------------------------------------------------------------------------
RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS 115 TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION Calculating Annuity Payouts.............. p. 3 Rating Agencies.......................... p. 4 Revenues Received During Calendar Year 2010................................... p. 4 Principal Underwriter.................... p. 5 Independent Registered Public Accounting Firm................................... p. 5 Financial Statements
116 RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS/RETIREMENT ADVISOR SELECT PLUS VARIABLE ANNUITY -- PROSPECTUS (RIVERSOURCE INSURANCE LOGO) RiverSource Life Insurance Company 70100 Ameriprise Financial Center Minneapolis, MN 55474 1 (800) 862-7919 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. (C) 2008-2011 RiverSource Life Insurance Company. All rights reserved. S-6273 P (4/11) PROSPECTUS APRIL 29, 2011 RIVERSOURCE RETIREMENT ADVISOR 4 ADVANTAGE(R) VARIABLE ANNUITY RETIREMENT ADVISOR 4 SELECT(R) VARIABLE ANNUITY RETIREMENT ADVISOR 4 ACCESS(R) VARIABLE ANNUITY INDIVIDUAL FLEXIBLE PREMIUM DEFERRED COMBINATION FIXED/VARIABLE ANNUITIES ISSUED BY: RIVERSOURCE LIFE INSURANCE COMPANY (RIVERSOURCE LIFE) 70100 Ameriprise Financial Center Minneapolis, MN 55474 Telephone: (800) 862-7919 ameriprise.com/variableannuities RIVERSOURCE VARIABLE ACCOUNT 10/RIVERSOURCE ACCOUNT MGA This prospectus contains information that you should know before investing in the RiverSource Retirement Advisor 4 Advantage Variable Annuity (RAVA 4 Advantage), the RiverSource Retirement Advisor 4 Select Variable Annuity (RAVA 4 Select), or the RiverSource Retirement Advisor 4 Access Variable Annuity (RAVA 4 Access). The information in this prospectus applies to all contracts unless stated otherwise. Prospectuses are also available for: - AllianceBernstein Variable Products Series Fund, Inc. - American Century Variable Portfolios, Inc - Columbia Funds Variable Insurance Trust - Columbia Funds Variable Series Trust II (previously RiverSource Variable Series Trust) - Credit Suisse Trust - Dreyfus Variable Investment Fund - Eaton Vance Variable Trust - Fidelity(R) Variable Insurance Products -- Service Class 2 - Franklin(R) Templeton(R) Variable Insurance Products Trust (FTVIPT) - Class 2 - Goldman Sachs Variable Insurance Trust (VIT) - Invesco Variable Insurance Funds - Janus Aspen Series: Service Shares - Legg Mason Variable Portfolios I, Inc. - MFS(R) Variable Insurance Trust(SM) - Morgan Stanley Universal Investment Funds (UIF) - Neuberger Berman Advisers Management Trust - Oppenheimer Variable Account Funds Service Shares - PIMCO Variable Investment Trust (VIT) - Wanger Advisors Trust - Wells Fargo Variable Trust Please read the prospectuses carefully and keep them for future reference. The contracts provide for purchase payment credits which we may reverse under certain circumstances. Expenses may be higher and surrender charges may be higher and longer for contracts with purchase payment credits than for contracts without such credits. The amount of the credit may be more than offset by additional charges associated with the credit. THE SECURITIES AND EXCHANGE COMMISSION (SEC) HAS NOT APPROVED OR DISAPPROVED THESE SECURITIES OR PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. AN INVESTMENT IN THIS CONTRACT IS NOT A DEPOSIT OF A BANK OR FINANCIAL INSTITUTION AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY OTHER GOVERNMENT AGENCY. AN INVESTMENT IN THIS CONTRACT INVOLVES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. A Statement of Additional Information (SAI), dated the same date as this prospectus, is incorporated by reference into this prospectus. It is filed with the SEC and is available without charge by contacting RiverSource Life at the telephone number and address listed above. The table of contents of the SAI is on the last page of this prospectus. The SEC maintains an Internet site. This prospectus, the SAI and other information about the product are available on the EDGAR Database on the SEC's Internet site at (http://www.sec.gov). Variable annuities are insurance products that are complex investment vehicles. Before you invest, be sure to ask your financial advisor about the contract features, benefits, risks and fees, and whether the contract is appropriate for you, based upon your financial situation and objectives. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 1 The contracts and/or certain optional benefits described in this prospectus may not be available in all jurisdictions. This prospectus constitutes an offering or solicitation only in those jurisdictions where such offering or solicitation may lawfully be made. State variations are covered in a special contract form used in that state. This prospectus provides a general description of the contracts. Your actual contract and any riders or endorsements are the controlling documents. RiverSource Life has not authorized any person to give any information or to make any representations regarding the contracts other than those contained in this prospectus or the fund prospectuses. RiverSource Life offers several different annuities which your financial advisor may or may not be authorized to offer to 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, surrender charge schedules and access to your annuity account values. The fees and charges you will pay when buying, owning and surrendering money from the contracts we describe in this prospectus may be more or less than the fees and charges of other variable annuities we and our affiliates issue. You should ask your financial advisor about his or her ability to offer you other variable annuities we issue (which might have lower fees and charges than the contracts described in this prospectus). TABLE OF CONTENTS KEY TERMS................................ 3 THE CONTRACT IN BRIEF.................... 6 EXPENSE SUMMARY.......................... 8 CONDENSED FINANCIAL INFORMATION.......... 16 FINANCIAL STATEMENTS..................... 16 THE VARIABLE ACCOUNT AND THE FUNDS....... 16 GUARANTEE PERIOD ACCOUNTS (GPAS)......... 18 THE FIXED ACCOUNT........................ 19 BUYING YOUR CONTRACT..................... 20 CHARGES.................................. 25 VALUING YOUR INVESTMENT.................. 32 MAKING THE MOST OF YOUR CONTRACT......... 34 SURRENDERS............................... 42 TSA -- SPECIAL PROVISIONS................ 43 CHANGING OWNERSHIP....................... 44 BENEFITS IN CASE OF DEATH -- STANDARD DEATH BENEFIT.......................... 45 OPTIONAL BENEFITS........................ 47 THE ANNUITY PAYOUT PERIOD................ 66 TAXES.................................... 68 VOTING RIGHTS............................ 71 SUBSTITUTION OF INVESTMENTS.............. 72 ABOUT THE SERVICE PROVIDERS.............. 72 ADDITIONAL INFORMATION................... 74 APPENDIX A: THE FUNDS.................... 75 APPENDIX B: EXAMPLE -- MARKET VALUE ADJUSTMENT (MVA)....................... 84 APPENDIX C: EXAMPLE -- SURRENDER CHARGES................................ 86 APPENDIX D: EXAMPLE -- OPTIONAL DEATH BENEFITS............................... 91 APPENDIX E: EXAMPLE -- OPTIONAL LIVING BENEFITS............................... 95 APPENDIX F: ADDITIONAL RMD DISCLOSURE.... 102 APPENDIX G: GUARANTOR WITHDRAWAL BENEFIT FOR LIFE RIDER DISCLOSURE.............. 104 APPENDIX H: SECURESOURCE RIDERS DISCLOSURE............................. 116 APPENDIX I: CONDENSED FINANCIAL INFORMATION (UNAUDITED)................ 129 TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION................. 163
-------------------------------------------------------------------------------- 2 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS KEY TERMS These terms can help you understand details about your contract. ACCUMULATION UNIT: A measure of the value of each subaccount before annuity payouts begin. ANNUITANT: The person or persons on whose life or life expectancy the annuity payouts are based. ANNUITY PAYOUTS: An amount paid at regular intervals under one of several plans. ASSUMED INVESTMENT RATE: The rate of return we assume your investments will earn when we calculate your initial annuity payout amount using the annuity table in your contract. The standard assumed investment rate we use is 5% but you may request we substitute an assumed investment rate of 3.5%. BAND 3 ANNUITIES: RAVA 4 Advantage and RAVA 4 Select contracts that are available for: - current or retired employees of Ameriprise Financial, Inc. or its subsidiaries and their spouses or domestic partners (employees), - current or retired Ameriprise financial advisors and their spouses or domestic partners (advisors), or - individuals investing an initial purchase payment of $1 million or more, with our approval (other individuals). BENEFICIARY: The person you designate to receive benefits in case of your death while the contract is in force. CLOSE OF BUSINESS: The time the New York Stock Exchange (NYSE) closes (4 p.m. Eastern time unless the NYSE closes earlier). CODE: The Internal Revenue Code of 1986, as amended. CONTRACT: A deferred annuity contract that permits you to accumulate money for retirement by making one or more purchase payments. It provides for lifetime or other forms of payouts beginning at a specified time in the future. CONTRACT VALUE: The total value of your contract before we deduct any applicable charges. CONTRACT YEAR: A period of 12 months, starting on the effective date of your contract and on each anniversary of the effective date. ENHANCED EARNINGS DEATH BENEFIT (EEB) AND ENHANCED EARNINGS PLUS DEATH BENEFIT (EEP): These are optional benefits you can add to your contract for an additional charge. Each is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. You can elect to purchase either the EEB or the EEP, subject to certain restrictions. FIXED ACCOUNT: Our general account which includes the Regular Fixed account and the Special DCA fixed account. Amounts you allocate to this account earn interest at rates that we declare periodically. FUNDS: Investment options under your contract. Unless an asset allocation program is in effect, you may allocate your purchase payments into subaccounts investing in shares of any or all of these funds. GOOD ORDER: We cannot process your transaction request relating to the contract until we have received the request in good order at our corporate office. "Good order" means the actual receipt of the requested transaction in writing, along with all information and supporting legal documentation necessary to effect the transaction. This information and documentation generally includes your completed request; the contract number; the transaction amount (in dollars); the names of and allocations to and/or from the subaccounts and the fixed account affected by the requested transaction; the signatures of all contract owners, exactly as registered on the contract, if necessary; Social Security Number or Taxpayer Identification Number; and any other information or supporting documentation that we may require. With respect to purchase requests, "good order" also generally includes receipt of sufficient payment by us to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in good order, and we reserve the right to change or waive any good order requirements at any time. GUARANTEE PERIOD: The number of successive 12-month periods that a guaranteed interest rate is credited. GUARANTEE PERIOD ACCOUNTS (GPAS): A nonunitized separate account to which you may allocate purchase payments and purchase payment credits or transfer contract value of at least $1,000. These accounts have guaranteed interest rates for guarantee periods we declare when you allocate purchase payments and purchase payment credits or transfer contract value to a GPA. These guaranteed rates and periods of time may vary by state. Unless an exception applies, transfers or surrenders from a GPA done more than 30 days before the end of the guarantee period will receive a market value adjustment, which may result in a gain or loss of principal. GUARANTEED MINIMUM ACCUMULATION BENEFIT RIDER (ACCUMULATION BENEFIT): This is an optional benefit that you can add to your contract for an additional charge. It is intended to provide you with a guaranteed contract value at the end of a specified -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 3 waiting period regardless of the volatility inherent in the investments in the subaccounts. This rider requires participation in the Portfolio Navigator Program. This rider is not available for RAVA 4 Access. GUARANTOR WITHDRAWAL BENEFIT FOR LIFE(R) RIDER (GWB FOR LIFE(R)): This is an optional benefit you can add to your contract for an additional charge. It is intended to provide a guaranteed withdrawal up to a certain amount each year from the contract, regardless of the investment performance of your contract before the annuity payments begin, until you have recovered at a minimum, all of your purchase payments plus any purchase payment credits. Under certain limited circumstances, it gives you the right to take limited withdrawals in each contract year until death. This rider requires participation in the Portfolio Navigator Program. This rider is not available for RAVA 4 Access. This rider is no longer available for sale. MARKET VALUE ADJUSTMENT (MVA): A positive or negative adjustment assessed if any portion of a Guarantee Period Account is surrendered or transferred more than 30 days before the end of its guarantee period. MAXIMUM ANNIVERSARY VALUE DEATH BENEFIT (MAV) AND MAXIMUM FIVE-YEAR ANNIVERSARY VALUE DEATH BENEFIT (5-YEAR MAV): These are optional benefits you can add to your contract for an additional charge. Each is intended to provide additional death benefit protection in the event of fluctuating fund values. You can elect to purchase either the MAV or the 5-Year MAV, subject to certain restrictions. OWNER (YOU, YOUR): A person or persons identified in the contract as owner(s) of the contract, who has or have the right to control the contract (to decide on investment allocations, transfers, payout options, etc.). Usually, but not always, the owner is also the annuitant. The owner is responsible for taxes, regardless of whether he or she receives the contract's benefits. If the contract has a nonnatural person as the owner, "you, your, and owner" means the annuitant where contract provisions are based on the age or life of the owner. When the contract is owned by a revocable trust, the annuitant selected should be the grantor of the trust to qualify for income tax deferral. PORTFOLIO NAVIGATOR PROGRAM (PN PROGRAM): This is a program in which you are required to participate through the choice of a PN program investment option if you select the optional Accumulation Benefit rider, the optional GWB for Life rider or the optional SecureSource rider. PURCHASE PAYMENT CREDITS: An addition we make to your contract value. We base the amount of the credit on the surrender charge schedule you elect and/or total purchase payments. Purchase payment credits are not available under RAVA 4 Access contracts. QUALIFIED ANNUITY: A contract that you purchase to fund one of the following tax-deferred retirement plans that is subject to applicable federal law and any rules of the plan itself: - Individual Retirement Annuities (IRAs) including inherited IRAs under Section 408(b) of the Code - Roth IRAs including inherited Roth IRAs under Section 408A of the Code - SIMPLE IRAs under Section 408(p) of the Code - Simplified Employee Pension IRA (SEP) plans under Section 408(k) of the Code - Custodial and investment only accounts maintained for qualified retirement plans under Section 401(a) of the Code - Tax-Sheltered Annuities (TSAs) under Section 403(b) of the Code A qualified annuity will not provide any necessary or additional tax deferral if it is used to fund a retirement plan that is already tax-deferred. All other contracts are considered NONQUALIFIED ANNUITIES. RETURN OF PURCHASE PAYMENTS DEATH BENEFIT (ROPP): This is an optional benefit that you can add to your contract for an additional charge if you are age 76 or older at contract issue that is intended to provide additional death benefit protection in the event of fluctuating fund values. ROPP is included in the standard death benefit for contract owners age 75 and under on the contract effective date at no additional cost. RIDER: You receive a rider to your contract when you purchase the EEB, EEP, MAV, 5-Year MAV, ROPP, Accumulation Benefit, GWB for Life and/or SecureSource rider. The rider adds the terms of the optional benefit to your contract. RIDER EFFECTIVE DATE: The date a rider becomes effective as stated in the rider. RIVERSOURCE LIFE: In this prospectus, "we," "us," "our" and "RiverSource Life" refer to RiverSource Life Insurance Company. SECURESOURCE(R) RIDERS: This is an optional benefit that you can add to your contract for an additional charge. SecureSource -- Single Life covers one person. SecureSource -- Joint Life covers two spouses jointly. The benefit is intended to provide guaranteed withdrawals up to a certain amount each year from the contract, regardless of the investment performance of your contract before the annuity payments begin until you have recovered, at a minimum, all of your purchase payments plus any purchase payment credits. Under certain limited circumstances, it gives you the right to take limited withdrawals in each contract year until death. These riders require participation in the PN program. When used in this prospectus, "SecureSource -------------------------------------------------------------------------------- 4 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS riders" include SecureSource Flex riders, except where the SecureSource Flex riders are specifically referenced and distinguished from the other SecureSource riders. These riders are not available for RAVA 4 Access. SETTLEMENT DATE: The date when annuity payouts are scheduled to begin. SPECIAL DOLLAR-COST AVERAGING (SPECIAL DCA) FIXED ACCOUNT: An account to which you may allocate new purchase payments of at least $10,000. Amounts you allocate to this account earn interest at rates that we declare periodically and will transfer into your specified subaccount allocations in six monthly transfers. SURRENDER VALUE: The amount you are entitled to receive if you make a full surrender from your contract. It is the contract value minus any applicable charges. VALUATION DATE: Any normal business day, Monday through Friday, on which the NYSE is open, up to the close of business. At the close of business, the next valuation date begins. We calculate the accumulation unit value of each subaccount on each valuation date. If we receive your purchase payment or any transaction request (such as a transfer or surrender request) in good order at our corporate office before the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the valuation date we received your payment or transaction request. On the other hand, if we receive your purchase payment or transaction request in good order at our corporate office at or after the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the next valuation date. If you make a transaction request by telephone (including by fax), you must have completed your transaction by the close of business in order for us to process it using the accumulation unit value we calculate on that valuation date. If you were not able to complete your transaction before the close of business for any reason, including telephone service interruptions or delays due to high call volume, we will process your transaction using the accumulation unit value we calculate on the next valuation date. VARIABLE ACCOUNT: Separate subaccounts to which you may allocate purchase payments; each invests in shares of one fund. The value of your investment in each subaccount changes with the performance of the particular fund. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 5 THE CONTRACT IN BRIEF This prospectus describes three contracts. Each contract has different expenses. RAVA 4 Access does not have surrender charges, but it has the highest mortality and expense risk fees of the three contracts. RAVA 4 Select has a three-year surrender charge schedule and has lower mortality and expense risk fees than RAVA 4 Access. RAVA 4 Advantage offers a choice of a seven-year or a ten-year surrender charge schedule, and has the lowest mortality and expense risk fees of the three contracts. RAVA 4 Advantage and RAVA 4 Select include the option to purchase living benefit riders; living benefit riders are not currently available under RAVA 4 Access. Your financial advisor can help you determine which contract is best suited to your needs based on factors such as your investment goals and how long you intend to keep your contract. The information in this prospectus applies to all contracts unless stated otherwise. PURPOSE: The purpose of each contract is to allow you to accumulate money for retirement or a similar long-term goal. You do this by making one or more purchase payments. You may allocate your purchase payments to the GPAs, regular fixed account, subaccounts and/or Special DCA fixed account under the contract; however, you risk losing amounts you invest in the subaccounts of the variable account. These accounts, in turn, may earn returns that increase the value of the contract. You may be able to purchase an optional benefit to reduce the investment risk you assume under your contract. Beginning at a specified time in the future called the settlement date, the contract provides lifetime or other forms of payouts of your contract value (less any applicable premium tax). BUYING A CONTRACT: There are many factors to consider carefully before you buy a variable annuity and any optional benefit rider. Variable annuities -- with or without optional benefit riders -- are not right for everyone. MAKE SURE YOU HAVE ALL THE FACTS YOU NEED BEFORE YOU PURCHASE A VARIABLE ANNUITY OR CHOOSE AN OPTIONAL BENEFIT RIDER. Some of the factors you may wish to consider include: - "Tax Free" Exchanges: It may not be advantageous for you to purchase this contract in exchange for, or in addition to, an existing annuity or life insurance policy. Generally, you can exchange one annuity for another or for a long-term care policy in a "tax-free" exchange under Section 1035 of the Code. You can also do a partial exchange from one annuity contract to another annuity contract, subject to IRS rules. You also generally can exchange a life insurance policy for an annuity. However, before making an exchange, you should compare both contracts carefully because the features and benefits may be different. Fees and charges may be higher or lower on your old contract than on this contract. You may have to pay a surrender charge when you exchange out of your old contract and a new surrender charge period will begin when you exchange into this contract. If the exchange does not qualify for Section 1035 treatment, you also may have to pay federal income tax on the distribution. State income taxes may also apply. You should not exchange your old contract for this contract, or buy this contract in addition to your old contract, unless you determine it is in your best interest. (See "Taxes -- 1035 Exchanges.") - Tax-deferred retirement plans: Most annuities have a tax-deferred feature. So do many retirement plans under the Code. As a result, when you use a qualified annuity to fund a retirement plan that is tax-deferred, your contract will not provide any necessary or additional tax deferral for that retirement plan. A qualified annuity has features other than tax deferral that may help you reach your retirement goals. In addition, the Code subjects retirement plans to required withdrawals triggered at a certain age. These mandatory withdrawals are called required minimum distributions ("RMDs"). RMDs may reduce the value of certain death benefits and optional riders (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). You should consult your tax advisor before you purchase the contract as a qualified annuity for an explanation of the tax implications to you. - Taxes: Generally, income earned on your contract value grows tax-deferred until you make withdrawals or begin to receive payouts. (Under certain circumstances, IRS penalty taxes may apply.) The tax treatment of qualified and nonqualified annuities differs. Even if you direct payouts to someone else, you will be taxed on the income if you are the owner. (see "Taxes") - Your age: If you are an older person, you may not necessarily have a need for tax deferral, retirement income or a death benefit. Older persons who are considering buying a contract including any optional benefits may find it helpful to consult with or include a family member, friend or other trusted advisor in the decision making process before buying a contract. - How long you plan to keep your contract: variable annuities are not short-term liquid investments. RAVA 4 Advantage and RAVA 4 Select contracts have surrender charges. RAVA 4 Access contract does not have a surrender charge schedule, but it has a higher mortality and expense risk fee than RAVA 4 Advantage and RAVA 4 Select. All contracts offer an annuity payout plan called Annuity Payout Plan E, which imposes a surrender charge only if you elect to surrender remaining variable payouts available under Annuity Payout Plan E. (see "Annuity Payout Plans -- Plan E") Does the contract meet your current and anticipated future needs for liquidity? - If you can afford the contract: are your annual income and assets adequate to buy the contract and any optional benefit riders you may choose? - The fees and expenses you will pay when buying, owning and withdrawing money from this contract. (see "Charges") -------------------------------------------------------------------------------- 6 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS - How and when you plan to take money from the contract: under current tax law, withdrawals, including withdrawals made under optional benefit riders, are taxed differently than annuity payouts. In addition, certain withdrawals may be subject to a federal income tax penalty. If you have elected the SecureSource Flex rider, any withdrawals during the 3-year waiting period, could negatively impact the value of your income guarantee provided by this rider. Also, if you withdraw more than the allowed withdrawal amount in a contract year under the SecureSource riders or GWB for Life rider ("excess withdrawal"), the guaranteed amounts under the rider may be reduced. (see "Surrenders") - Your investment objectives, how much experience you have in managing investments and how much risk you are you willing to accept. - Short-term trading: if you plan to manage your investment in the contract by frequent or short-term trading, this contract is not suitable for you and you should not buy it. (see "Making the Most of Your Contract -- Transferring Among Accounts") FREE LOOK PERIOD: You may return your contract to your financial advisor or to our corporate office within the time stated on the first page of your contract and receive a full refund of the contract value less the amounts of any purchase payment credits, subject to market value adjustment. The valuation date will be the date your request is received at our corporate office. (For California residents, the valuation date will be the earlier of the date your contract is returned to your financial advisor or to our corporate office). We will not deduct any contract charges or fees. However, you bear the investment risk from the time of purchase until you return the contract and any positive or negative market value adjustment will apply; the refund amount may be more or less than the payment you made. (EXCEPTION: If the law requires, we will refund all of your purchase payments.) ACCOUNTS: Generally, you may allocate your purchase payments among the: - the subaccounts of the variable account, each of which invests in a fund with a particular investment objective. The value of each subaccount varies with the performance of the particular fund in which it invests. We cannot guarantee that the value at the settlement date will equal or exceed the total purchase payments you allocate to the subaccounts. (see "The Variable Account and the Funds") - the GPAs which earn interest at rates declared when you make an allocation to that account. The required minimum investment in each GPA is $1,000. These accounts may not be available in all states. (see "Guarantee Period Accounts (GPAs)") - the regular fixed account, which earns interest at rates that we adjust periodically. Purchase payment allocations to the regular fixed account may be subject to special restrictions. Effective May 10, 2010, for RAVA 4 Access contracts you cannot select the regular fixed account. (Exception: RAVA 4 Access contract holders who remained invested in the static PN program model portfolio and have the regular fixed account included in the model portfolio selected.) (see "The Fixed Account") - the Special DCA fixed account, when available. (see "The Fixed Account -- The Special DCA Fixed Account") TRANSFERS: Subject to certain restrictions, you currently may redistribute your contract value among the subaccounts until annuity payouts begin, and once per contract year after annuity payouts begin. Transfers out of the GPAs done more than 30 days before the end of the Guarantee Period will be subject to an MVA, unless an exception applies. You may establish automated transfers among the accounts. You may not transfer existing amounts to the Special DCA fixed account. GPAs and regular fixed account transfers are subject to special restrictions. (see "Making the Most of Your Contract -- Transferring Among Accounts") SURRENDERS: You may surrender all or part of your contract value at any time before the settlement date. You also may establish automated partial surrenders. Surrenders may be subject to charges and income taxes (including an IRS penalty if you surrender prior to your reaching age 59 1/2) and may have other tax consequences. If you have elected the SecureSource Flex rider, please consider carefully when you take withdrawals. If you take withdrawals during the 3-year waiting period,your benefits will be set to zero until the end of the waiting period when they will be re-established based on your contract value at that time. Certain other restrictions may apply. (see "Surrenders") BENEFITS IN CASE OF DEATH: If you die before annuity payouts begin, we will pay the beneficiary an amount at least equal to the contract value, except in the case of a purchase payment credit reversal. (see "Benefits in Case of Death -- Standard Death Benefit") OPTIONAL BENEFITS: These contracts offer optional living and death benefits that are available for additional charges if you meet certain criteria. Optional living benefits require your participation in the PN program which may limit transfers and allocations; may limit the timing, amount and allocation of purchase payments; and may limit the amount of partial surrenders that can be taken under the optional benefit during a contract year. (see "Optional Benefits") ANNUITY PAYOUTS: You can apply your contract value, after reflecting any adjustments, to an annuity payout plan that begins on the settlement date. You may choose from a variety of plans to make sure that payouts continue as long as you like. If you purchased a qualified annuity, the payout schedule must meet IRS requirements. We can make payouts on a fixed or variable basis, or both. Total monthly payouts may include amounts from each subaccount and the regular fixed account. During the annuity payout period, you cannot be invested in more than five subaccounts at any one time unless we agree otherwise. (see "The Annuity Payout Period") -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 7 EXPENSE SUMMARY THE FOLLOWING TABLES DESCRIBE THE FEES AND EXPENSES THAT YOU WILL PAY WHEN BUYING, OWNING AND SURRENDERING THE CONTRACT. THE FIRST TABLE DESCRIBES THE FEES AND EXPENSES THAT YOU WILL PAY AT THE TIME THAT YOU BUY THE CONTRACT OR SURRENDER THE CONTRACT. STATE PREMIUM TAXES ALSO MAY BE DEDUCTED. CONTRACT OWNER TRANSACTION EXPENSES SURRENDER CHARGE FOR RAVA 4 ADVANTAGE: (Contingent deferred sales load as a percentage of purchase payment surrendered) You select either a seven-year or ten-year surrender charge schedule at the time of application.*
SEVEN-YEAR SCHEDULE TEN-YEAR SCHEDULE* NUMBER OF COMPLETED NUMBER OF COMPLETED YEARS FROM DATE OF EACH SURRENDER CHARGE YEARS FROM DATE OF EACH SURRENDER CHARGE PURCHASE PAYMENT PERCENTAGE PURCHASE PAYMENT PERCENTAGE 0 7% 0 8% 1 7 1 8 2 7 2 8 3 6 3 7 4 5 4 7 5 4 5 6 6 2 6 5 7+ 0 7 4 8 3 9 2 10+ 0
* In Alaska, Arizona, Colorado, Connecticut, Georgia, Hawaii, Illinois, Iowa, Michigan, Minnesota, Mississippi, Montana, New Jersey, North Carolina, Oregon, Texas, Utah and Washington the ten-year surrender charge schedule is 8% for years 0-2, 7% for year 3 and declining by 1% each year thereafter until it is 0% for years 10+. For contracts issued in Alabama and Massachusetts, surrender charges are waived after the tenth contract anniversary for all payments regardless of when payments are made. Please see your contract for the surrender charge schedule applicable to you. SURRENDER CHARGE FOR RAVA 4 SELECT (EXCEPT TEXAS): (Contingent deferred sales load as a percentage of purchase payment surrendered)
YEARS FROM SURRENDER CHARGE CONTRACT DATE PERCENTAGE 1 7% 2 7 3 7 Thereafter 0
SURRENDER CHARGE FOR RAVA 4 SELECT IN TEXAS: (Contingent deferred sales load as a percentage of purchase payment surrendered)
NUMBER OF COMPLETED YEARS FROM DATE OF EACH SURRENDER CHARGE PURCHASE PAYMENT PERCENTAGE 0 8% 1 7 2 6 Thereafter 0
There are no surrender charges after the third contract anniversary. SURRENDER CHARGE FOR RAVA 4 ACCESS: 0% -------------------------------------------------------------------------------- 8 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS SURRENDER CHARGE UNDER ANNUITY PAYOUT PLAN E -- PAYOUTS FOR A SPECIFIED PERIOD: If you are receiving variable annuity payments under this annuity payout plan, you can choose to take surrender. The amount that you can surrender is the present value of any remaining variable payouts. The discount rate we use in the calculation will be 5.17% if the assumed investment return is 3.5% and 6.67% for the assumed investment return of 5%. The surrender charge equals the present value of the remaining payouts using the assumed investment return minus the present value of the remaining payouts using the discount rate. (See "Charges -- Surrender Charge" and "The Annuity Payout Period -- Annuity Payout Plans.") THE NEXT TABLES DESCRIBE THE FEES AND EXPENSES THAT YOU WILL PAY PERIODICALLY DURING THE TIME THAT YOU OWN THE CONTRACT, NOT INCLUDING FUND FEES AND EXPENSES. ANNUAL CONTRACT ADMINISTRATIVE CHARGE MAXIMUM: $50* CURRENT: $30
(We will waive this $30 charge when your contract value, or total purchase payments less any payments surrendered, is $50,000 or more on the current contract anniversary, except at full surrender.) * In certain states and for certain contracts we have waived our right to increase the contract administrative charge. ANNUAL VARIABLE ACCOUNT EXPENSES (Total annual variable account expenses as a percentage of average daily subaccount value)
MORTALITY AND EXPENSE RISK FEE: RAVA 4 ADVANTAGE RAVA 4 SELECT RAVA 4 ACCESS For nonqualified annuities 1.05% 1.30% 1.45% For qualified annuities .85% 1.10% 1.25%
OPTIONAL RIDER FEES OPTIONAL DEATH BENEFITS (As a percentage of contract value charged annually at the contract anniversary. The fee applies only if you elect the optional rider.) ROPP RIDER FEE MAXIMUM: 0.30% CURRENT: 0.20% MAV RIDER FEE MAXIMUM: 0.35% CURRENT: 0.25% 5-YEAR MAV RIDER FEE MAXIMUM: 0.20% CURRENT: 0.10% EEB RIDER FEE MAXIMUM: 0.40% CURRENT: 0.30% EEP RIDER FEE MAXIMUM: 0.50% CURRENT: 0.40%
OPTIONAL LIVING BENEFITS -- CURRENTLY OFFERED ACCUMULATION BENEFIT RIDER FEE MAXIMUM: 2.50% CURRENT: 1.50%(1)
(Charged annually as a percentage of contract value or the minimum contract accumulation value, whichever is greater. The fee applies only if you elect the optional rider.) (1) For contracts purchased prior to Oct. 4, 2010, the following charges apply:
CONTRACT PURCHASE DATE CURRENT CHARGE Before Jan. 26, 2009 0.60% Jan. 26, 2009 -- May 30, 2009 0.80% Nov. 30, 2009 -- Oct 3, 2010 1.25%
SECURESOURCE FLEX - SINGLE LIFE RIDER FEE MAXIMUM: 2.00% CURRENT: 0.95% SECURESOURCE FLEX - JOINT LIFE RIDER FEE MAXIMUM: 2.50% CURRENT: 1.10%
(Charged annually at the contract anniversary as a percentage of contract value or the total Remaining Benefit Amount, whichever is greater. The fee applies only if you elect the optional rider.) -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 9 OPTIONAL LIVING BENEFITS -- PREVIOUSLY OFFERED GWB FOR LIFE RIDER FEE MAXIMUM: 1.50% CURRENT: 0.65%
(Charged annually at the contract anniversary as a percentage of contract value or the total Remaining Benefit Amount, whichever is greater. The fee applies only if you elect the optional rider.) SECURESOURCE - SINGLE LIFE RIDER FEE(2) MAXIMUM: 2.00% CURRENT: 0.90% SECURESOURCE - JOINT LIFE RIDER FEE(2) MAXIMUM: 2.50% CURRENT: 1.15%
(Charged annually at the contract anniversary as a percentage of contract value or the total Remaining Benefit Amount, whichever is greater. The fee applies only if you elect the optional rider.) (2) For contracts purchased prior to Jan. 26, 2009, the following charges apply: -- the current charge for Single Life rider is 0.65% and for Joint Life rider is 0.85%, and -- the maximum charge for Single Life rider is 1.50% and for Joint Life rider is 1.75%. ANNUAL OPERATING EXPENSES OF THE FUNDS THE NEXT TWO TABLES DESCRIBE THE OPERATING EXPENSES OF THE FUNDS THAT YOU MAY PAY PERIODICALLY DURING THE TIME THAT YOU OWN THE CONTRACT. THESE OPERATING EXPENSES ARE FOR THE FISCAL YEAR ENDED DEC. 31, 2010, UNLESS OTHERWISE NOTED. THE FIRST TABLE SHOWS THE MINIMUM AND MAXIMUM TOTAL OPERATING EXPENSES CHARGED BY THE FUNDS. THE SECOND TABLE SHOWS THE FEES AND EXPENSES CHARGED BY EACH FUND. MORE DETAIL CONCERNING EACH FUND'S FEES AND EXPENSES IS CONTAINED IN THE PROSPECTUS. MINIMUM AND MAXIMUM TOTAL ANNUAL OPERATING EXPENSES FOR THE FUNDS(A) (Including management fee, distribution and/or service (12b-1) fees and other expenses)
MINIMUM MAXIMUM Total expenses before fee waivers and/or expense reimbursements 0.47% 2.08%
(a) Each fund deducts management fees and other expenses from fund assets. Fund assets include amounts you allocate to a particular fund. Funds may also charge 12b-1 fees that are used to finance any activity that is primarily intended to result in the sale of fund shares. Because 12b-1 fees are paid out of fund assets on an on-going basis, you may pay more if you select subaccounts investing in funds that have adopted 12b-1 plans than if you select subaccounts investing in funds that have not adopted 12b-1 plans. The fund or the fund's affiliates may pay us or our affiliates for promoting and supporting the offer, sale and servicing of fund shares. In addition, the fund's distributor and/or investment adviser, transfer agent or their affiliates may pay us or our affiliates for various services we or our affiliates provide. The amount of these payments will vary by fund and may be significant. See "The Variable Accounts and the Funds" for additional information, including potential conflicts of interest these payments may create. For a more complete description of each fund's fees and expenses and important disclosure regarding payments the fund and/or its affiliates make, please review the fund's prospectus and SAI. TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND UNDERLYING RAVA 4 ADVANTAGE, RAVA 4 SELECT AND RAVA 4 ACCESS* (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12b-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES AllianceBernstein VPS Global Thematic Growth Portfolio 0.75% 0.25% 0.24% --% 1.24% (Class B) AllianceBernstein VPS Growth and Income Portfolio (Class B) 0.55 0.25 0.08 -- 0.88 AllianceBernstein VPS International Value Portfolio (Class 0.75 0.25 0.10 -- 1.10 B) AllianceBernstein VPS Large Cap Growth Portfolio (Class B) 0.75 0.25 0.10 -- 1.10 American Century VP Mid Cap Value, Class II 0.90 0.25 0.01 -- 1.16 American Century VP Ultra(R), Class II 0.90 0.25 0.01 -- 1.16 American Century VP Value, Class II 0.87 0.25 -- -- 1.12 Columbia Variable Portfolio - Balanced Fund (Class 3) 0.64 0.13 0.17 -- 0.94(1),(2) Columbia Variable Portfolio - Cash Management Fund (Class 0.33 0.13 0.17 -- 0.63(2) 3) Columbia Variable Portfolio - Diversified Bond Fund (Class 0.41 0.13 0.16 -- 0.70(1) 3) Columbia Variable Portfolio - Diversified Equity Income 0.56 0.13 0.14 -- 0.83(1) Fund (Class 3) Columbia Variable Portfolio - Dynamic Equity Fund (Class 3) 0.66 0.13 0.17 0.01 0.97(1),(2) Columbia Variable Portfolio - Emerging Markets Opportunity 1.07 0.13 0.28 -- 1.48(1) Fund (Class 3) Columbia Variable Portfolio - Global Bond Fund (Class 3) 0.55 0.13 0.18 -- 0.86(1) Columbia Variable Portfolio - Global Inflation Protected 0.42 0.13 0.15 -- 0.70 Securities Fund (Class 3) Columbia Variable Portfolio - High Income Fund, Class 2 0.63 0.25 0.18 -- 1.06(3) Columbia Variable Portfolio - High Yield Bond Fund (Class 0.58 0.13 0.17 -- 0.88(1) 3)
-------------------------------------------------------------------------------- 10 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND UNDERLYING RAVA 4 ADVANTAGE, RAVA 4 SELECT AND RAVA 4 ACCESS* (CONTINUED) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12b-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES Columbia Variable Portfolio - Income Opportunities Fund 0.57% 0.13% 0.15% --% 0.85%(1),(2) (Class 3) Columbia Variable Portfolio - International Opportunity 0.79 0.13 0.20 -- 1.12(1) Fund (Class 3) Columbia Variable Portfolio - Large Cap Growth Fund (Class 0.71 0.13 0.18 -- 1.02(1),(2) 3) Columbia Variable Portfolio - Marsico Growth Fund, Class 1 0.91 -- 0.10 -- 1.01(4) Columbia Variable Portfolio - Marsico International 1.02 0.25 0.24 -- 1.51(4) Opportunities Fund, Class 2 Columbia Variable Portfolio - Mid Cap Growth Opportunity 0.76 0.13 0.16 -- 1.05(1) Fund (Class 3) Columbia Variable Portfolio - Mid Cap Value Opportunity 0.76 0.13 0.15 -- 1.04(1),(2) Fund (Class 3) Columbia Variable Portfolio - S&P 500 Index Fund (Class 3) 0.10 0.13 0.24 -- 0.47(1) Columbia Variable Portfolio - Select Large-Cap Value Fund 0.71 0.13 0.33 -- 1.17(1),(2) (Class 3) Columbia Variable Portfolio - Select Smaller-Cap Value Fund 0.79 0.13 0.21 -- 1.13(1),(2) (Class 3) Columbia Variable Portfolio - Short Duration U.S. 0.36 0.13 0.16 -- 0.65(1) Government Fund (Class 3) Credit Suisse Trust - Commodity Return Strategy Portfolio 0.50 0.25 0.34 -- 1.09(5) Dreyfus Variable Investment Fund International Equity 0.75 0.25 0.31 -- 1.31 Portfolio, Service Shares Eaton Vance VT Floating-Rate Income Fund 0.57 0.50 0.08 -- 1.15 Fidelity(R) VIP Contrafund(R) Portfolio Service Class 2 0.56 0.25 0.09 -- 0.90 Fidelity(R) VIP Mid Cap Portfolio Service Class 2 0.56 0.25 0.10 -- 0.91 Fidelity(R) VIP Overseas Portfolio Service Class 2 0.71 0.25 0.15 -- 1.11 FTVIPT Franklin Global Real Estate Securities Fund - Class 0.80 0.25 0.31 -- 1.36(6) 2 FTVIPT Franklin Small Cap Value Securities Fund - Class 2 0.51 0.25 0.17 0.01 0.94(7) FTVIPT Mutual Shares Securities Fund - Class 2 0.60 0.25 0.14 -- 0.99 Goldman Sachs VIT Structured U.S. Equity 0.62 -- 0.08 -- 0.70(8) Fund - Institutional Shares Invesco V.I. Capital Appreciation Fund, Series II Shares 0.62 0.25 0.29 -- 1.16 Invesco V.I. Capital Development Fund, Series II Shares 0.75 0.25 0.34 -- 1.34 Invesco V.I. Dividend Growth Fund, Series II Shares 0.50 0.25 0.32 -- 1.07(9) Invesco V.I. Global Health Care Fund, Series II Shares 0.75 0.25 0.37 -- 1.37 Invesco V.I. International Growth Fund, Series II Shares 0.71 0.25 0.33 -- 1.29 Invesco Van Kampen V.I. Comstock Fund, Series II Shares 0.56 0.25 0.29 -- 1.10(9) Janus Aspen Series Janus Portfolio: Service Shares 0.64 0.25 0.03 -- 0.92 Legg Mason ClearBridge Variable Small Cap Growth Portfolio, 0.75 -- 0.14 -- 0.89 Class I MFS(R) Investors Growth Stock Series - Service Class 0.75 0.25 0.12 -- 1.12 MFS(R) Utilities Series - Service Class 0.73 0.25 0.08 -- 1.06 Morgan Stanley UIF Global Real Estate Portfolio, Class II 0.85 0.35 0.43 -- 1.63(10) Shares Morgan Stanley UIF Mid Cap Growth Portfolio, Class II 0.75 0.35 0.31 -- 1.41(10) Shares Neuberger Berman Advisers Management Trust International 1.15 0.25 0.25 0.02 1.67(11) Portfolio (Class S) Neuberger Berman Advisers Management Trust Socially 0.85 0.25 0.23 -- 1.33(12) Responsive Portfolio (Class S) Oppenheimer Global Securities Fund/VA, Service Shares 0.63 0.25 0.13 -- 1.01 Oppenheimer Global Strategic Income Fund/VA, Service Shares 0.60 0.25 0.14 0.04 1.03(13) Oppenheimer Main Street Small- & Mid-Cap Fund(R)/VA, 0.70 0.25 0.15 -- 1.10(14) Service Shares Oppenheimer Value Fund/VA, Service Shares 0.75 0.25 1.08 -- 2.08(14) PIMCO VIT All Asset Portfolio, Advisor Share Class 0.43 0.25 -- 0.66 1.34(15) Variable Portfolio - Aggressive Portfolio (Class 2) -- 0.25 0.02 0.82 1.09 Variable Portfolio - Aggressive Portfolio (Class 4) -- 0.25 0.02 0.82 1.09(16) Variable Portfolio - Conservative Portfolio (Class 2) -- 0.25 0.03 0.64 0.92 Variable Portfolio - Conservative Portfolio (Class 4) -- 0.25 0.03 0.64 0.92(16)
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 11 TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND UNDERLYING RAVA 4 ADVANTAGE, RAVA 4 SELECT AND RAVA 4 ACCESS* (CONTINUED) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12b-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES Variable Portfolio - Davis New York Venture Fund (Class 3) 0.70% 0.13% 0.13% --% 0.96%(1),(17) Variable Portfolio - Goldman Sachs Mid Cap Value Fund 0.78 0.13 0.14 -- 1.05(1) (Class 3) Variable Portfolio - Moderate Portfolio (Class 2) -- 0.25 0.02 0.75 1.02 Variable Portfolio - Moderate Portfolio (Class 4) -- 0.25 0.02 0.75 1.02(16) Variable Portfolio - Moderately Aggressive Portfolio (Class -- 0.25 0.02 0.79 1.06 2) Variable Portfolio - Moderately Aggressive Portfolio (Class -- 0.25 0.02 0.79 1.06(16) 4) Variable Portfolio - Moderately Conservative Portfolio -- 0.25 0.02 0.69 0.96 (Class 2) Variable Portfolio - Moderately Conservative Portfolio -- 0.25 0.02 0.69 0.96(16) (Class 4) Variable Portfolio - Partners Small Cap Value Fund (Class 0.92 0.13 0.17 0.04 1.26(1),(17) 3) Wanger International 0.86 -- 0.21 -- 1.07(18) Wanger USA 0.86 -- 0.12 -- 0.98(18) Wells Fargo Advantage VT Core Equity Fund - Class 2 0.55 0.25 0.21 0.01 1.02(19) Wells Fargo Advantage VT International Equity Fund - Class 0.75 0.25 0.26 0.01 1.27(19) 2 Wells Fargo Advantage VT Opportunity Fund - Class 2 0.65 0.25 0.21 0.01 1.12(20) Wells Fargo Advantage VT Small Cap Growth Fund - Class 2 0.75 0.25 0.20 -- 1.20(19)
*The Funds provided the information on their expenses and we have not independently verified the information. **The previous fund names can be found in the Appendix under "The Funds". ***Includes fees and expenses incurred indirectly by the Fund as a result of its investment in other investment companies (also referred to as acquired funds). (1) Expense ratios have been adjusted to reflect current fees. (2) Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses (other than acquired fund fees and expenses, if any) until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net fund expenses (excluding acquired fund fees and expenses, if any), will not exceed 0.82% for Columbia Variable Portfolio - Balanced Fund (Class 3), 0.58% for Columbia Variable Portfolio - Cash Management Fund (Class 3), 0.86% for Columbia Variable Portfolio - Dynamic Equity Fund (Class 3), 0.83% for Columbia Variable Portfolio - Income Opportunities Fund (Class 3), 0.89% for Columbia Variable Portfolio - Large Cap Growth Fund (Class 3), 1.02% for Columbia Variable Portfolio - Mid Cap Value Opportunity Fund (Class 3), 0.95% for Columbia Variable Portfolio - Select Large-Cap Value Fund (Class 3) and 1.08% for Columbia Variable Portfolio - Select Smaller-Cap Value Fund (Class 3). (3) Management fees have been restated to reflect contractual changes to the investment advisory and/or administrative fee rates. Other expenses have been restated to reflect contractual changes to the transfer agency fees paid. The Adviser has voluntarily agreed to reimburse a portion of the Fund's expenses so that the Fund's ordinary operating expenses (excluding brokerage commissions, interest, taxes and extraordinary expenses, but including custodian charges relating to overdrafts, if any), after giving effect to any balance credits from the Fund's custodian, do not exceed 0.85% of the Fund's average daily net assets on an annualized basis. The Adviser, in its discretion, may revise or discontinue this arrangement at any time. (4) Other expenses have been restated to reflect contractual changes to the transfer agency fees paid. The Adviser has contractually agreed to bear, through April 30, 2012, a portion of the Fund's expenses so that the Fund's ordinary operating expenses (excluding brokerage commissions, interest, taxes, acquired fund fees and expenses, and extraordinary expenses, but including custodian charges relating to overdrafts, if any), after giving effect to any balance credits from the Fund's custodian, do not exceed the annual rate of 0.91% for Columbia Variable Portfolio - Marsico Growth Fund, Class 1 and 1.45% for Columbia Variable Portfolio - Marsico International Opportunities Fund, Class 2 of the Fund's average daily net assets. This expense arrangement may only be modified or amended with approval from all parties to such arrangement, including the Fund and the Adviser. (5) Effective January 1, 2011, Credit Suisse will voluntarily waive fees and reimburse expenses so that the Portfolio's annual expenses will not exceed 1.05% of the Portfolio's average daily net assets. (6) The investment manager and administrator have contractually agreed to waive or limit their respective fees so that the increase in investment management and fund administration fees paid by the Fund is phased in over a five year period, starting on May 1, 2007, with there being no increase in the rate of such fees for the first year ended April 30, 2008. For each of four years thereafter through April 30, 2012, the investment manager and administrator will receive one-fifth of the increase in the rate of fees. After fee reductions, net expenses would be 1.25%. (7) The manager and administrator have agreed in advance to reduce their fees as a result of the Fund's investment in a Franklin Templeton money market fund. This reduction will continue until at least April 30, 2012. After fee reductions, net expenses would be 0.93%. (8) The Investment Adviser has voluntarily agreed to reduce or limit other expenses (excluding management fees, distribution and service fees, transfer agent fees and expenses, taxes, interest, brokerage fees and litigation, indemnification, shareholder meetings and other extraordinary expenses, exclusive of any custody and transfer agent fee credit reductions) equal on an annualized basis to 0.004% of the Fund's average daily net assets. The expense reductions may be modified or terminated at any time at the option of the Investment Adviser without shareholder approval. (9) Total annual fund operating expenses have been restated and reflect the reorganization of one or more affiliated investment companies into the Fund. In addition, the Adviser has contractually agreed, through at least June 30, 2012, to waive advisory fees and/or reimburse expenses of Series II shares to the extent necessary to limit total annual fund operating expenses after fee waivers and/or expense reimbursements (excluding interest, taxes, dividend expense on short sales, extraordinary or non- routine items and expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement) of Series II shares to 0.92% for Invesco V.I. Dividend Growth Fund, Series II Shares and 0.87% for Invesco Van Kampen V.I. Comstock Fund, Series II Shares of average daily net assets. (10) The Portfolios' adviser, Morgan Stanley Investment Management Inc. (the "Adviser"), has agreed to reduce its advisory fee and/or reimburse each Portfolio so that total annual portfolio operating expenses, excluding certain investment related expenses (such as foreign country tax expense and interest expense on amounts borrowed) (but -------------------------------------------------------------------------------- 12 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS including any 12b-1 fee), will not exceed 1.40% for Morgan Stanley UIF Global Real Estate Portfolio, Class II Shares and 1.15% for Morgan Stanley UIF Mid Cap Growth Portfolio, Class II Shares. The fee waivers and/or expense reimbursements are expected to continue until such time as the Fund's Board of Directors acts to discontinue all or a portion of such waivers and/or reimbursements when it deems that such action is appropriate. (11) Neuberger Berman Management LLC ("NBM") has undertaken through Dec. 31, 2014, to waive fees and/or reimburse certain operating expenses, including the compensation of NBM and excluding taxes, interest, extraordinary expenses, brokerage commissions and transaction costs, that exceed, in the aggregate, 2.00% of the average daily net asset value. NBM has also voluntarily committed to reimburse certain expenses for an additional 0.50% per annum of the Portfolio's average daily net assets to maintain the Portfolio's operating expenses at 1.50%. The expense limitation arrangement for the Portfolio is contractual and any excess expenses can be repaid to NBM within three years of the year incurred, provided such recoupment would not cause the Portfolio to exceed its respective limitation. After fee waiver and expense reimbursements, net expenses would be 1.52%. (12) Neuberger Berman Management LLC ("NBM") has undertaken through Dec. 31, 2014, to waive fees and/or reimburse certain operating expenses, including the compensation of NBM and excluding taxes, interest, extraordinary expenses, brokerage commissions and transaction costs, that exceed, in the aggregate, 1.17% of the average daily net asset value. The expense limitation arrangement for the Portfolio is contractual and any excess expenses can be repaid to NBM within three years of the year incurred, provided such recoupment would not cause the Portfolio to exceed its respective limitation. (13) The Manager has agreed to waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund's investments in Oppenheimer Institutional Money Market Fund, Oppenheimer Master Loan Fund, LLC and Oppenheimer Master Event-Linked Bond Fund, LLC. This fee waiver and/or reimbursement may not be amended or withdrawn until one year after the date of the Fund's prospectus. The Manager has also contractually agreed to waive the management fee it receives from the Fund in an amount equal to the management fee it receives from the Subsidiary. This undertaking will continue in effect for so long as the Fund invests in the Subsidiary, and may not be terminated by the Manager unless termination is approved by the Fund's Board of Trustees. (14) The Manager has voluntarily agreed to limit the Fund's total annual operating expenses so that those expenses, as percentages of daily net assets, will not exceed the annual rate of 1.05% for Oppenheimer Main Street Small- & Mid-Cap Fund/VA, Service Shares and 1.05% for Oppenheimer Value Fund/VA, Service Shares. This voluntary expense limitation may not be amended or withdrawn until one year after the date of the Funds' prospectus. (15) PIMCO has contractually agreed, through May 1, 2012, to reduce its advisory fee to the extent that the Underlying PIMCO Fund Expenses attributable to advisory and supervisory and administrative fees exceed 0.64% of the total assets invested in Underlying PIMCO Funds. PIMCO may recoup these waivers in future periods, not exceeding three years, provided total expenses, including such recoupment, do not exceed the annual expense limit. The fee reduction is implemented based on a calculation of Underlying PIMCO fund expenses attributable to advisory and supervisory and administrative fees that is different from the calculation of acquired fund fees and expenses listed in the table above. After fee waivers, net expenses would be 1.305%. (16) Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses for Class 4 shares of the Fund until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net Fund expenses (including acquired fund fees and expenses) will not exceed 0.99% for Variable Portfolio - Aggressive Portfolio (Class 4), 0.86% for Variable Portfolio - Conservative Portfolio (Class 4), 0.94% for Variable Portfolio - Moderate Portfolio (Class 4), 0.98% Variable Portfolio - Moderately Aggressive Portfolio (Class 4) and 0.90% for Variable Portfolio - Moderately Conservative Portfolio (Class 4). (17) Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses (other than acquired fund fees and expenses, if any) until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net fund expenses (excluding acquired fund fees and expenses, if any), will not exceed 0.90% for Variable Portfolio - Davis New York Venture Fund (Class 3) and 1.14% for Variable Portfolio - Partners Small Cap Value Fund (Class 3). (18) The advisor has contractually agreed to cap advisory fees at an annual rate equal to 0.83% for Wanger International and 0.85% for Wanger USA of the Fund's average daily net assets until April 30, 2012. After fee waivers and/or reimbursements, net expenses would be 1.04% for Wanger International and 0.97% for Wanger USA. (19) Expenses have been adjusted from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses. Funds Management has committed through July 18, 2013 to waive fees and/or reimburse expenses to the extent necessary to ensure that the Fund's total annual fund operating expenses after fee waiver, excluding brokerage commissions, interest, taxes, extraordinary expenses, and the expenses of any money market fund or other fund held by the Fund, do not exceed 1.00% for Wells Fargo Advantage VT Core Equity Fund - Class 2, 0.95% for Wells Fargo Advantage VT International Equity Fund - Class 2 and 1.20% for Wells Fargo Advantage VT Small Cap Growth Fund - Class 2. (20) Expenses have been adjusted from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses. Funds Management has committed through April 30, 2012 to waive fees and/or reimburse expenses to the extent necessary to ensure that the Fund's total annual fund operating expenses after fee waiver, excluding brokerage commissions, interest, taxes, extraordinary expenses, and the expenses of any money market fund or other fund held by the Fund, do not exceed 1.07%. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 13 EXAMPLES THESE EXAMPLES ARE INTENDED TO HELP YOU COMPARE THE COST OF INVESTING IN THESE CONTRACTS WITH THE COST OF INVESTING IN OTHER VARIABLE ANNUITY CONTRACTS. THESE COSTS INCLUDE YOUR TRANSACTION EXPENSES, CONTRACT ADMINISTRATIVE CHARGES, VARIABLE ACCOUNT ANNUAL EXPENSES AND FUND FEES AND EXPENSES. THESE EXAMPLES ASSUME THAT YOU INVEST $10,000 IN THE CONTRACT FOR THE TIME PERIODS INDICATED. THESE EXAMPLES ALSO ASSUME THAT YOUR INVESTMENT HAS A 5% RETURN EACH YEAR. MAXIMUM EXPENSES. These examples assume the most expensive combination of contract features and benefits and the maximum fees and expenses of any of the funds. They assume that you select the optional MAV, EEP (if available), Accumulation Benefit or SecureSource Flex - Joint Life(1),(2). Although your actual costs may be lower, based on these assumptions your costs would be:
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN NONQUALIFIED AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA 4 ADVANTAGE With a ten-year surrender charge schedule(4) $1,422 $2,797 $4,056 $6,849 $702 $2,074 $3,420 $6,666 RAVA 4 ADVANTAGE With a seven-year surrender charge schedule 1,332 2,707 3,874 6,666 702 2,074 3,420 6,666 RAVA 4 SELECT 1,356 2,779 3,534 6,858 726 2,146 3,534 6,858 RAVA 4 SELECT - TEXAS 1,446 2,689 3,534 6,858 726 2,146 3,534 6,858 RAVA 4 ACCESS 488 1,465 2,445 4,903 488 1,465 2,445 4,903
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: QUALIFIED ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA 4 ADVANTAGE With a ten-year surrender charge schedule(4) $1,402 $2,740 $3,964 $6,692 $682 $2,017 $3,329 $6,508 RAVA 4 ADVANTAGE With a seven-year surrender charge schedule 1,312 2,649 3,783 6,508 682 2,017 3,329 6,508 RAVA 4 SELECT 1,337 2,721 3,443 6,705 707 2,088 3,443 6,705 RAVA 4 SELECT - TEXAS 1,427 2,631 3,443 6,705 707 2,088 3,443 6,705 RAVA 4 ACCESS 468 1,407 2,351 4,738 468 1,407 2,351 4,738
MINIMUM EXPENSES. These examples assume the least expensive combination of contract features and benefits and the minimum fees and expenses of any of the funds(3). They assume that you do not select any optional benefits. Although your actual costs may be higher, based on these assumptions your costs would be:
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN NONQUALIFIED AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA 4 ADVANTAGE With a ten-year surrender charge schedule(4) $931 $1,365 $1,680 $2,300 $186 $572 $ 980 $2,100 RAVA 4 ADVANTAGE With a seven-year surrender charge schedule 838 1,266 1,480 2,100 186 572 980 2,100 RAVA 4 SELECT 862 1,339 1,111 2,371 211 650 1,111 2,371 RAVA 4 SELECT - TEXAS 955 1,240 1,111 2,371 211 650 1,111 2,371 RAVA 4 ACCESS 227 697 1,189 2,531 227 697 1,189 2,531
-------------------------------------------------------------------------------- 14 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: QUALIFIED ANNUITY 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA 4 ADVANTAGE With a ten-year surrender charge schedule(4) $912 $1,307 $1,573 $2,078 $165 $510 $ 873 $1,878 RAVA 4 ADVANTAGE With a seven-year surrender charge schedule 819 1,208 1,373 1,878 165 510 873 1,878 RAVA 4 SELECT 843 1,281 1,006 2,155 191 588 1,006 2,155 RAVA 4 SELECT - TEXAS 936 1,182 1,006 2,155 191 588 1,006 2,155 RAVA 4 ACCESS 206 635 1,085 2,317 206 635 1,085 2,317
(1) In these examples, the contract administrative charge is $50. (2) Because these examples are intended to illustrate the most expensive combination of contract features, the maximum annual fee for each optional rider is reflected rather than the fee that is currently being charged. (3) In these examples, the contract administrative charge is $30. (4) In Alaska, Arizona, Colorado, Connecticut, Georgia, Hawaii, Illinois, Iowa, Michigan, Minnesota, Mississippi, Montana, New Jersey, North Carolina, Oregon, Texas, Utah and Washington, your expenses would be slightly lower due to the modified ten-year surrender charge schedule. THE EXAMPLES ARE ILLUSTRATIVE ONLY. YOU SHOULD NOT CONSIDER THESE EXAMPLES AS A REPRESENTATION OF PAST OR FUTURE EXPENSES. ACTUAL EXPENSES WILL BE HIGHER OR LOWER THAN THOSE SHOWN DEPENDING UPON WHICH OPTIONAL BENEFIT YOU ELECT OTHER THAN INDICATED IN THE EXAMPLES OR IF YOU ALLOCATE CONTRACT VALUE TO ANY OTHER AVAILABLE SUBACCOUNTS. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 15 CONDENSED FINANCIAL INFORMATION You can find unaudited condensed financial information for the subaccounts in Appendix I. FINANCIAL STATEMENTS You can find our audited financial statements and the audited financial statements of the divisions, which are comprised of subaccounts, in the SAI. The SAI does not include audited financial statements for divisions that are new and have no activity as of the financial statement date. THE VARIABLE ACCOUNT AND THE FUNDS THE VARIABLE ACCOUNT: The variable account was established under Minnesota law on Aug. 23, 1995, and the subaccounts are registered together as a single unit investment trust under the Investment Company Act of 1940 (the 1940 Act). This registration does not involve any supervision of our management or investment practices and policies by the SEC. All obligations arising under the contracts are general obligations of RiverSource Life. The variable account meets the definition of a separate account under federal securities laws. We credit or charge income, capital gains and capital losses of each subaccount only to that subaccount. State insurance law prohibits us from charging a subaccount with liabilities of any other subaccount or of our general business. The variable account includes other subaccounts that are available under contracts that are not described in this prospectus. Although the Internal Revenue Service (IRS) has issued some guidance on investor control, the U.S. Treasury and the IRS may continue to examine this aspect of variable contracts and provide additional guidance on investor control. At this time, we do not know what the additional guidance will be or when action will be taken. We reserve the right to modify the contract, as necessary, so that the owner will not be subject to current taxation as the owner of the subaccount assets. We intend to comply with all federal tax laws so that the contract continues to qualify as an annuity for federal income tax purposes. We reserve the right to modify the contract as necessary to comply with any new tax laws. THE FUNDS: The contracts currently offer subaccounts investing in shares of the funds. For a list of underlying funds with a summary of investment objectives, investment advisers and subadvisers, please see Appendix A. - INVESTMENT OBJECTIVES: The investment managers and advisers cannot guarantee that the funds will meet their investment objectives. Please read the funds' prospectuses for facts you should know before investing. These prospectuses are available by contacting us at the address or telephone number on the first page of this prospectus. - FUND NAME AND MANAGEMENT: 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. - ELIGIBLE PURCHASERS: All funds are available to serve as the underlying investments for variable annuities and variable life insurance policies. The funds are not available to the public (see "Fund name and management" above). Some funds also are available to serve as investment options for tax-deferred retirement plans. It is possible that in the future for tax, regulatory or other reasons, it may be disadvantageous for variable annuity accounts and variable life insurance accounts and/or tax-deferred retirement plans to invest in the available funds simultaneously. Although we and the funds do not currently foresee any such disadvantages, the boards of directors or trustees of each fund will monitor events in order to identify any material conflicts between annuity owners, policy owners and tax-deferred retirement plans and to determine what action, if any, should be taken in response to a conflict. If a board were to conclude that it should establish separate funds for the variable annuity, variable life insurance and tax-deferred retirement plan accounts, you would not bear any expenses associated with establishing separate funds. Please refer to the funds' prospectuses for risk disclosure regarding simultaneous investments by variable annuity, variable life insurance and tax-deferred retirement plan accounts. Each fund intends to comply with the diversification requirements under Section 817(h) of the Code. - ASSET ALLOCATION PROGRAMS MAY IMPACT FUND PERFORMANCE: Asset allocation programs in general may negatively impact the performance of an underlying fund. Even if you do not participate in an asset allocation program, a fund in which your subaccount invests may be impacted if it is included in an asset allocation program. Rebalancing or reallocation under the terms of the asset allocation program may cause a fund to lose money if it must sell large amounts of securities to meet a redemption request. These losses can be greater if the fund holds securities that are not as liquid as others; for example, various types of bonds, shares of smaller companies and securities of foreign issuers. A fund may also experience higher expenses because it must sell or buy securities more frequently than it otherwise might in the absence of asset allocation -------------------------------------------------------------------------------- 16 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS program rebalancing or reallocations. Because asset allocation programs include periodic rebalancing and may also include reallocation, these effects may occur under the asset allocation program we offer (see "Making the Most of Your Contract -- Portfolio Navigator Program") or under asset allocation programs used in conjunction with the contracts and plans of other eligible purchasers of the funds. - FUNDS AVAILABLE UNDER THE CONTRACT: We seek to provide a broad array of underlying funds taking into account the fees and charges imposed by each fund and the contract charges we impose. We select the underlying funds in which the subaccounts initially invest and when there is substitution (see "Substitution of Investments"). We also make all decisions regarding which funds to retain in a contract, which funds to add to a contract and which funds will no longer be offered in a contract. In making these decisions, we may consider various objective and subjective factors. Objective factors include, but are not limited to fund performance, fund expenses, classes of fund shares available, size of the fund and investment objectives and investing style of the fund. Subjective factors include, but are not limited to, investment sub-styles and process, management skill and history at other funds and portfolio concentration and sector weightings. We also consider the levels and types of revenue, including but not limited to expense payments and non-cash compensation a fund, its distributor, investment adviser, subadviser, transfer agent or their affiliates pay us and our affiliates. This revenue includes, but is not limited to compensation for administrative services provided with respect to the fund and support of marketing and distribution expenses incurred with respect to the fund. - REVENUE WE RECEIVE FROM THE FUNDS MAY CREATE POTENTIAL CONFLICTS OF INTEREST: We or our affiliates receive from each of the funds, or the funds' affiliates, varying levels and types of revenue including but not limited to expense payments and non-cash compensation. The amount of this revenue and how it is computed varies by fund, may be significant and may create potential conflicts of interest. The greatest amount and percentage of revenue we and our affiliates receive comes from assets allocated to subaccounts investing in the funds that are managed by our affiliates Columbia Management Investment Advisers, LLC (Columbia Management Investment Advisers) or Columbia Wanger Asset Management, LLC (Columbia Wanger Asset Management) (affiliated funds). Employee compensation and operating goals at all levels are tied to the success of Ameriprise Financial, Inc. and its affiliates, including us. Certain employees may receive higher compensation and other benefits based, in part, on contract values that are invested in the affiliated funds. We or our affiliates receive revenue which ranges up to 0.64% of the average daily net assets invested in the underlying funds through this and other contracts we and our affiliate issue. We or our affiliates may also receive revenue which ranges up to 0.04% of aggregate, net or anticipated sales of underlying funds through this and other contracts we and our affiliate issue. Please see the SAI for a table that ranks the underlying funds according to total dollar amounts they and their affiliates paid us or our affiliates in the prior calendar year. Expense payments, non-cash compensation and other forms of revenue may influence recommendations your investment professional makes regarding whether you should invest in the contract, and whether you should allocate purchase payments or contract value to a subaccount that invests in a particular fund (see "About the Service Providers"). The revenue we or our affiliates receive from a fund or its affiliates is in addition to revenue we receive from the charges you pay when buying, owning and surrendering the contract (see "Expense Summary"). However, the revenue we or our affiliates receive from a fund or its affiliates may come, at least in part, from the fund's fees and expenses you pay indirectly when you allocate contract value to the subaccount that invests in that fund. - WHY REVENUES ARE PAID TO US: In accordance with applicable laws, regulations and the terms of the agreements under which such revenue is paid, we or our affiliates may receive these revenues including but not limited to expense payments and non-cash compensation for various purposes: - Compensating, training and educating financial advisors who sell the contracts. - Granting access to our employees whose job it is to promote sales of the contracts by authorized selling firms and their financial advisors, and granting access to financial advisors of our affiliated selling firms. - Activities or services we or our affiliates provide that assist in the promotion and distribution of the contracts including promoting the funds available under the contracts to prospective and existing contract owners, authorized selling firms and financial advisors. - Providing sub-transfer agency and shareholder servicing to contract owners. - Promoting, including and/or retaining the fund's investment portfolios as underlying investment options in the contracts. - Advertising, printing and mailing sales literature, and printing and distributing prospectuses and reports. - Furnishing personal services to contract owners, including education of contract owners, answering routine inquiries regarding a fund, maintaining accounts or providing such other services eligible for service fees as defined under the rules of the Financial Industry Regulatory Authority (FINRA). - Subaccounting, transaction processing, recordkeeping and administration. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 17 - SOURCES OF REVENUE RECEIVED FROM AFFILIATED FUNDS: The affiliated funds are managed by Columbia Management Investment Advisers or Columbia Wanger Asset Management. The sources of revenue we receive from these affiliated funds, or from affiliates of these funds, may include, but are not necessarily limited to, the following: - Assets of the fund's adviser and transfer agent or an affiliate. The revenue resulting from these sources may be based either on a percentage of average daily net assets of the fund or on the actual cost of certain services we provide with respect to the fund. We may receive this revenue either in the form of a cash payment or it may be allocated to us. - Compensation paid out of 12b-1 fees that are deducted from fund assets and disclosed in the "12b-1 fees" column of the "Annual Operating Expenses of the Funds" table. - SOURCES OF REVENUE RECEIVED FROM UNAFFILIATED FUNDS: The unaffiliated funds are not managed by an affiliate of ours. The sources of revenue we receive from these unaffiliated funds, or the funds' affiliates, may include, but are not necessarily limited to, the following: - Assets of the fund's adviser, subadviser, transfer agent or an affiliate of these and assets of the fund's distributor or an affiliate. The revenue resulting from these sources usually is based on a percentage of average daily net assets of the fund but there may be other types of payment arrangements. - Compensation paid out of 12b-1 fees that are deducted from fund assets and disclosed in the "12b-1 fees" column of the "Annual Operating Expenses of the Funds" table. GUARANTEE PERIOD ACCOUNTS (GPAS) The GPAs may not be available for contracts in some states. GPAs are not available if the GWB for Life, SecureSource, or Accumulation Benefit is selected. Currently, unless the PN program is in effect, you may allocate purchase payments and purchase payment credits to one or more of the GPAs with guarantee periods declared by us. The required minimum investment in each GPA is $1,000. These accounts are not offered after annuity payouts begin. Each GPA pays an interest rate that is declared when you make an allocation to that account. That interest rate is then fixed for the guarantee period that you chose. We will periodically change the declared interest rate for any future allocations to these accounts, but we will not change the rate paid on money currently in a GPA. The GPA interests under the contracts are registered with the SEC. The SEC staff reviews the disclosures in this prospectus on the GPA interests. The interest rates that we will declare as guaranteed rates in the future are determined by us at our discretion (future rates). We will determine future rates based on various factors including, but not limited to, the interest rate environment, returns earned on investments in the nonunitized separate account we have established for the GPAs, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition and RiverSource Life's revenues and other expenses. Interest rates offered may vary by state, but will not be lower than state law allows. WE CANNOT PREDICT NOR CAN WE GUARANTEE WHAT FUTURE RATES WILL BE. We hold amounts you allocate to the GPAs in a "nonunitized" separate account. This separate account provides an additional measure of assurance that we will make full payment of amounts due under the GPAs. State insurance law prohibits us from charging this separate account with liabilities of any other separate account or of our general business. We own the assets of this separate account as well as any favorable investment performance of those assets. You do not participate in the performance of the assets held in this separate account. We guarantee all benefits relating to your value in the GPAs. This guarantee is based on the continued claims-paying ability of the company's general account. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. We intend to construct and manage the investment portfolio relating to the separate account in such a way as to minimize the impact of fluctuations in interest rates. We achieve this by constructing a portfolio of assets with a price sensitivity to interest rate changes (i.e., price duration) that is similar to the price duration of the corresponding portfolio of liabilities. We must invest this portfolio of assets in accordance with requirements established by applicable state laws regarding the nature and quality of investments that life insurance companies may make and the percentage of their assets that they may commit to any particular type of investment. Our investment strategy will incorporate the use of a variety of debt instruments having price durations tending to match the applicable guarantee periods. These instruments include, but are not necessarily limited to, the following: - Securities issued by the U.S. government or its agencies or instrumentalities, which issues may or may not be guaranteed by the U.S. government; -------------------------------------------------------------------------------- 18 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS - Debt securities that have an investment grade, at the time of purchase, within the four highest grades assigned by any of three nationally recognized rating agencies -- Standard & Poor's, Moody's Investors Service or Fitch -- or are rated in the two highest grades by the National Association of Insurance Commissioners; - Debt instruments that are unrated, but which are deemed by RiverSource Life to have an investment quality within the four highest grades; - Other debt instruments which are unrated or rated below investment grade, limited to 15% of assets at the time of purchase; and - Real estate mortgages, limited to 30% of portfolio assets at the time of acquisition. In addition, options and futures contracts on fixed income securities will be used from time to time to achieve and maintain appropriate investment and liquidity characteristics on the overall asset portfolio. While this information generally describes our investment strategy, we are not obligated to follow any particular strategy except as may be required by federal law and Minnesota and other state insurance laws. MARKET VALUE ADJUSTMENT (MVA) We will not apply an MVA to contract value you transfer or surrender out of the GPAs within 30 days before the end of the guarantee period. During this 30 day window you may choose to start a new guarantee period of the same length, transfer the contract value to a GPA of another length, transfer the contract value to any of the subaccounts or the regular fixed account, or surrender the contract value (subject to applicable surrender provisions). If we do not receive any instructions at the end of your guarantee period, our current practice is to automatically transfer the contract value to the one year GPA. Any new GPA, whether it is one you choose or an automatic transfer to a one year GPA, will be subject to an MVA as described below. We guarantee the contract value allocated to the GPAs, including interest credited, if you do not make any transfers or surrenders from the GPAs prior to 30 days before the end of the guarantee period (30-day rule). At all other times, and unless one of the exceptions to the 30-day rule described below applies, we will apply an MVA if you surrender or transfer contract value from a GPA including withdrawals under the GWB for Life rider, SecureSource rider or if you elect an annuity payout plan while you have contract value invested in a GPA. We will refer to these transactions as "early surrenders." The application of an MVA may result in either a gain or loss of principal. The 30-day rule does not apply and no MVA will apply to: - amounts surrendered under contract provisions that waive surrender charges for Hospital or Nursing Home Confinement and Terminal Illness Disability Diagnosis; - amounts surrendered from the GPA within 30 days prior to the end of the Guarantee Period; - amounts surrendered for fees and charges; and - amounts we pay as death claims. When you request an early surrender, we adjust the early surrender amount by an MVA formula. The early surrender amount reflects the relationship between the guaranteed interest rate you are earning in your current GPA and the interest rate we are crediting on new GPAs that end at the same time as your current GPA. The MVA is sensitive to changes in current interest rates. The magnitude of any applicable MVA will depend on our current schedule of guaranteed interest rates at the time of the surrender, the time remaining in your guarantee period and your guaranteed interest rate. The MVA is negative, zero or positive depending on how the guaranteed interest rate on your GPA compares to the interest rate of a new GPA for the same number of years as the guarantee period remaining on your GPA. This is summarized in the following table:
IF YOUR GPA RATE IS: THE MVA IS: Less than the new GPA rate + 0.10% Negative Equal to the new GPA rate + 0.10% Zero Greater than the new GPA rate + 0.10% Positive
For an example, see Appendix B. THE FIXED ACCOUNT Amounts allocated to the fixed account become part of our general account. The fixed account includes the regular fixed account and the Special DCA fixed account. We credit interest on amounts you allocate to the fixed account at rates we determine from time to time in our discretion. These rates will be based on various factors including, but not limited to, the interest rate environment, returns we earn on our general account investments, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition, and RiverSource Life's revenues and expenses. The guaranteed -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 19 minimum interest rate on amounts invested in the fixed account may vary by state but will not be lower than state law allows. We back the principal and interest guarantees relating to the fixed account. These guarantees are based on the continued claims-paying ability of RiverSource Life. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of insurance and financial products as well, and we also pay our obligations under these products from assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. The fixed account is not required to be registered with the SEC. The SEC staff does not review the disclosures in this prospectus on the fixed account, however, disclosures regarding the fixed account may be subject to certain generally applicable provisions of the federal securities laws relating to the accuracy and completeness of statements made in prospectuses. THE REGULAR FIXED ACCOUNT For RAVA 4 Advantage and RAVA 4 Select, unless the PN program is in effect, you also may allocate purchase payments and purchase payment credits or transfer contract value to the regular fixed account. Effective May 10, 2010, for RAVA 4 Access contracts you cannot allocate purchase payments to the regular fixed account. (Exception: RAVA 4 Access contract holders who remained invested in the static PN program model portfolio and have the regular fixed account included in the model portfolio selected.) The value of the regular fixed account increases as we credit interest to the account. We credit and compound interest daily based on a 365-day year so as to produce the annual effective rate which we declare. We do not credit interest on leap days (Feb. 29). The interest rate we apply to each purchase payment or transfer to the regular fixed account is guaranteed for one year. Thereafter, we will change the rates from time to time at our discretion. Subject to state limitations, we reserve the right to limit purchase payment allocations to the regular fixed account if the interest rate we are then currently crediting to the regular fixed account is equal to the minimum interest rate stated in the contract. (See "Making the Most of Your Contract -- Transfer policies" for restrictions on transfers involving the regular fixed account.) THE SPECIAL DCA FIXED ACCOUNT You also may allocate purchase payments and purchase payment credits to the Special DCA fixed account, when available. The Special DCA fixed account is available for new purchase payments. The value of the Special DCA fixed account increases as we credit interest to the account. We credit and compound interest daily based on a 365-day year so as to produce the annual effective rate which we declare. We do not credit interest on leap days (Feb. 29). The interest rate we apply to each purchase payment is guaranteed for the period of time money remains in the Special DCA fixed account. (See "Making the Most of Your Contract -- Special Dollar Cost Averaging Program" for more information on the Special DCA fixed account.) BUYING YOUR CONTRACT You can fill out an application and send it along with your initial purchase payment to our corporate office. You may buy RAVA 4 Advantage, RAVA 4 Select or RAVA 4 Access. Each contract has different mortality and expense risk fees. RAVA 4 Access does not have surrender charges, but it has the highest mortality and expense risk fees of the three contracts. RAVA 4 Select has a three-year surrender charge schedule and lower mortality and expense risk fees then RAVA 4 Access. RAVA 4 Advantage offers a choice of a seven-year or ten-year surrender charge schedule and the lowest mortality and expense risk fees of the three contracts; additionally, optional living benefit riders are not available under RAVA 4 Access. We are required by law to obtain personal information from you which we will use to verify your identity. If you do not provide this information we reserve the right to refuse to issue your contract or take other steps we deem reasonable. As the owner, you have all rights and may receive all benefits under the contract. You can own a nonqualified annuity in joint tenancy with rights of survivorship only in spousal situations. You cannot own a qualified annuity in joint tenancy. You can buy a contract if you and the annuitant are 90 or younger. If you are a Florida resident, you can not buy a contract if you and the annuitant are age 65 or older. When you apply, you may select among the following (if available in your state): - GPAs, the regular fixed account(1), subaccounts, or the Special DCA fixed account in which you want to invest; - how you want to make purchase payments; - a beneficiary; - under RAVA 4 Advantage, the length of the surrender charge period (seven or ten years)(2); - one of the following optional death benefits: - ROPP Death Benefit(3); -------------------------------------------------------------------------------- 20 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS - MAV Death Benefit(3); - 5-Year MAV Death Benefit(3); - EEB Death Benefit(3); - EEP Death Benefit(3); and - under RAVA 4 Advantage and RAVA 4 Select, one of the following optional living benefits that require the use of the PN program: - Accumulation Benefit rider(4); or - SecureSource Flex rider(4). (1) For RAVA 4 Access contracts you cannot select the regular fixed account. (2) In Alaska, Arizona, Colorado, Connecticut, Georgia, Hawaii, Illinois, Iowa, Michigan, Minnesota, Mississippi, Montana, New Jersey, North Carolina, Oregon, Texas, Utah and Washington, the ten-year surrender charge schedule is 8% for years 0-2, 7% for year 3 and declining by 1% each year thereafter until it is 0% for years 10+. For contracts issued in Alabama and Massachusetts, we waive surrender charges after the tenth contract anniversary for all payments regardless of when payments are made. (3) You may select any one of the ROPP, MAV, 5-Year MAV, EEB or EEP riders or certain combinations thereof. You may select the MAV and either the EEB or the EEP. You may select the 5-Year MAV and either the EEB or the EEP. You cannot select both the EEB and EEP. You cannot select both the MAV and 5- Year MAV. The MAV, EEB, EEP and 5-Year MAV are only available if you are 75 or younger at the rider effective date. EEP is only available on contracts purchased through a transfer or exchange. ROPP is only available if you are 76 or older at the rider effective date. ROPP is included in the standard death benefit if you are 75 or younger. (4) You may select either the Accumulation Benefit or SecureSource Flex rider. The Accumulation Benefit and SecureSource Flex - Single Life riders are only available if you are 80 or younger at the rider effective date. SecureSource Flex - Joint Life rider is available if both covered spouses are 80 or younger. The contracts provide for allocation of purchase payments and purchase payment credits to the subaccounts of the variable account, to the GPAs, to the regular fixed account and/or to the Special DCA fixed account (when available) in even 1% increments subject to the $1,000 required minimum investment for the GPAs. There may be certain restrictions on the amount you may allocate to the regular fixed account. For RAVA 4 Access contracts purchase payment credits are not available and you cannot allocate purchase payments to the regular fixed account. (Exception: RAVA 4 Access contract holders who remained invested in the static PN program model portfolio and have the regular fixed account included in the model portfolio selected.) (See "Purchase Payments.") If your application is complete, we will process it and apply your purchase payment and purchase payment credits to the GPAs, the regular fixed account, the Special DCA fixed account and/or subaccounts you selected within two business days after we receive it at our corporate office. If we accept your application, we will send you a contract. If your application is not complete, you must give us the information to complete it within five business days. If we cannot accept your application within five business days, we will decline it and return your payment unless you specifically ask us to keep the payment and apply it once your application is complete. We will credit additional purchase payments you make to your accounts on the valuation date we receive them. If we receive an additional purchase payment at our corporate office before the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the valuation date we received the payment. If we receive an additional purchase payment at our corporate office at or after the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the next valuation date after we received the payment. THE SETTLEMENT DATE Annuity payouts are scheduled to begin on the settlement date. This means that the contract will be annuitized (converted to a stream of monthly payments), and the first payment will be sent on the settlement date. If your contract is annuitized, the contract goes into payout mode and only the annuity payout provisions continue. Unless Annuity Payout Plan E is elected, you will no longer have access to your contract value. In addition, the death benefit and any optional benefits you have elected will end. When we processed your application, we established the settlement date as the maximum age (or contract anniversary, if applicable). We have established a new maximum age (or contract anniversary) as described below. You also can change the settlement date, provided you send us written instructions at least 30 days before annuity payouts begin. Generally, the settlement date must be no later than the annuitant's 95th birthday or the tenth contract anniversary. If the annuitant was age 95 or older and past the tenth contract anniversary when the new maximum was established, the new settlement date was set to a birthday later than age 95. You can also choose to delay the annuitization of your contract beyond age 95 indefinitely, to the extent allowed by applicable tax laws. Six months prior to your settlement date, we will contact you with your options, including the option to postpone your annuitization start date to a future date. If you do not make an election, annuity payouts, using the contract's default option of Annuity Payout Plan B - Life annuity with 10 years certain, will begin on the settlement date and your monthly annuity payments will continue for as long as the annuitant lives. If the annuitant does not survive 10 years, payments will continue until 10 years of payments have been made. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 21 If you own a qualified annuity (for example, an IRA) and tax laws require that you take distributions from your annuity prior to your new settlement date, your contract will not be automatically annuitized. If you satisfy your RMDs for a qualified annuity in the form of partial surrenders from this contract, you are electing to defer annuitizing your contract. Contract owners of IRAs and TSAs may also be able to satisfy RMDs by electing other IRAs or TSAs, and in that case, will delay the start of annuity payouts for these contracts. BENEFICIARY If death benefits become payable before the settlement date while the contract is in force and before annuity payouts begin, we will pay the death benefit to your named beneficiary. If there is more than one beneficiary we will pay each beneficiary's designated share when we receive their completed claim. A beneficiary will bear the investment risk of the variable account until we receive the beneficiary's completed claim. If there is no named beneficiary, then the default provisions of your contract will apply. (See "Benefits in Case of Death" for more about beneficiaries.) If you select the SecureSource - Joint Life rider, please consider carefully whether or not you wish to change the beneficiary of your annuity contract. The rider will terminate if the surviving covered spouse can not utilize the spousal continuation provision of the contract when the death benefit is payable. PURCHASE PAYMENTS(*) MINIMUM ALLOWABLE PURCHASE PAYMENTS(**) If paying by installments under a scheduled payment plan: $50 per month
RAVA 4 RAVA 4 RAVA 4 ADVANTAGE SELECT ACCESS --------- ------- ------- If paying by any other method: initial payment for qualified annuities....................... $1,000 $ 2,000 $ 2,000 initial payment for nonqualified annuities.................... 2,000 10,000 10,000 for any additional payments................................... 50 50 50
* RAVA 4 ADVANTAGE AND RAVA 4 SELECT BAND 3 ANNUITIES SOLD TO INDIVIDUALS OTHER THAN ADVISORS AND EMPLOYEES: Require a minimum $1,000,000 initial purchase payment and corporate office approval. Contracts already approved may make payments in subsequent years up to $100,000 if your age on the effective date of the contract is age 85 or younger and $50,000 if your age on the effective date of the contract is age 86 to 90. ** Installments must total at least $600 in the first year. If you do not make any purchase payments for 24 months, and your previous payments total $600 or less, we have the right to give you 30 days' written notice and pay you the total value of your contract in a lump sum. This right does not apply to contracts in Illinois, Massachusetts and New Jersey. MAXIMUM ALLOWABLE PURCHASE PAYMENTS*** (without corporate office approval) based on your age on the effective date of the contract:
RAVA 4 RAVA 4 RAVA 4 ADVANTAGE SELECT ACCESS --------- -------- -------- For the first year: through age 85............................................... $999,999 $999,999 $999,999 for ages 86 to 90............................................ 100,000 100,000 100,000 For each subsequent year: through age 85............................................... 100,000 100,000 100,000 for ages 86 to 90............................................ 50,000 50,000 50,000
***These limits apply in total to all RiverSource Life annuities you own. These limits do not apply to contracts in New Jersey. We reserve the right to increase maximum limits. For qualified annuities, the Code's limits on annual contributions also apply. We will consider your contract void from the start if we do not receive your initial purchase payment within 180 days of the application signed date. Additional purchase payment restrictions for contracts with the Accumulation Benefit rider Additional purchase payments for contracts with the Accumulation Benefit rider are restricted during the waiting period after the first 180 days (1) immediately following the effective date and (2) following the last contract anniversary for each elective step up. Additional purchase payment restrictions for contracts with the GWB for Life rider EFFECTIVE JAN. 26, 2009, AFTER INITIAL PURCHASE PAYMENTS ARE RECEIVED, LIMITED ADDITIONAL PURCHASE PAYMENTS ARE ALLOWED FOR ALL CONTRACTS WITH THE GWB FOR LIFE, SUBJECT TO STATE RESTRICTIONS. Initial purchase payments are: 1) payments received -------------------------------------------------------------------------------- 22 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS with the application; and 2) Tax Free Exchanges, rollovers, and transfers listed on the annuity application, paper work initiated within 30 days from contract issue date and received within 180 days from the contract issue date. For contracts issued in all states except those listed below, the only additional purchase payments that will be allowed on/after Jan. 26, 2009 are the maximum permissible annual contribution described by the Code for qualified annuities. For Contracts Issued in Florida, New Jersey, and Oregon: For contracts with GWB for Life rider issued in Florida, New Jersey, and Oregon, additional purchase payments to your variable annuity contract will be limited to $100,000 for the life of your contract. The limit does not apply to initial purchase payments. Additional purchase payment restrictions for contracts with the SecureSource Flex riders The SecureSource Flex riders prohibit additional purchase payments while the rider is effective, if (1) you decline a rider fee increase, or (2) the Annual Lifetime Payment (ALP) is established and your contract value on an anniversary is less than four times the ALP. (For the purpose of this calculation only, the ALP is determined using 5%, as described under "Optional Living Benefits -- Currently Offered -- SecureSource Flex Riders.") Also if you make additional purchase payment after you take a withdrawal during the waiting period, these purchase payments are not guaranteed until the end of the waiting period. Subject to state restrictions, we reserve the right to change the purchase payment limitations for all optional riders, including making further restrictions, upon written notice. Subject to state regulatory requirements, we reserve the right to not accept purchase payments allocated to the regular fixed account for twelve months following either: 1. a partial surrender from the regular fixed account; or 2. a lump sum transfer from the regular fixed account to a subaccount. HOW TO MAKE PURCHASE PAYMENTS 1 BY LETTER Send your check along with your name and contract number to: RIVERSOURCE LIFE INSURANCE COMPANY 70200 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS, MN 55474 2 BY SCHEDULED PAYMENT PLAN We can help you set up: - an automatic payroll deduction, salary reduction or other group billing arrangement; or - a bank authorization. PURCHASE PAYMENT CREDITS PURCHASE PAYMENT CREDITS ARE NOT AVAILABLE FOR RAVA 4 ACCESS. FOR RAVA 4 ADVANTAGE: we add a credit to your contract in the amount of: - 1% of each purchase payment received: - if you elect the ten-year surrender charge schedule for your contract and the initial purchase payment is under $100,000; or - if you elect the seven-year surrender charge schedule for your contract and your initial purchase payment to the contract is at least $100,000 but less than $1,000,000. - 2% of each purchase payment received if you elect the ten-year surrender charge schedule for your contract and your initial purchase payment to the contract is at least $100,000 but less than $1,000,000. FOR RAVA 4 ADVANTAGE - BAND 3: we add a credit to your contract in the amount of: - 2% of each purchase payment received: - if you elect the seven-year surrender charge schedule for your contract. - 3% of each purchase payment received - if you elect the ten-year surrender charge schedule for your contract. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 23 Surrender charges under RAVA 4 Advantage and RAVA 4 Advantage - Band 3 may be higher and longer than those for contracts that do not have purchase payment credits. The amount of the credits may be more than offset by the additional charges associated with them. Because of higher charges, there could be circumstances where you may be worse off purchasing one of these contracts with the credits than purchasing other contracts. All things being equal (such as fund performance and availability), this may occur if you select the ten-year surrender charge and you make a full surrender before year ten. We pay for the credits under RAVA 4 Advantage and RAVA 4 Advantage - Band 3 primarily through revenue from a higher and longer surrender charge schedule and through lower costs associated with larger sized contracts, including lower compensation paid on the sales of these contracts. FOR RAVA 4 SELECT: we add a credit to your contract in the amount of: - 1% of each purchase payment received in the first contract year if your initial purchase payment to the contract is at least $250,000 but less than $1,000,000; or - 2% of each purchase payment received in the first contract year if your initial purchase payment to the contract is $1,000,000 or more. Please note that purchase payments of $1,000,000 or more require home office approval. FOR RAVA 4 SELECT - BAND 3: we add a credit to your contract in the amount of 2% of each purchase payment received in the first contract year. Expenses under RAVA 4 Select and RAVA 4 Select - Band 3 may be higher than those for contracts that do not have purchase payment credits. The amount of the credits may be more than offset by the additional charges associated with them. Because of higher charges, you may be worse off purchasing one of these contracts with the credits than purchasing other contracts. We pay for the credits under RAVA 4 Select and RAVA 4 Select - Band 3 primarily through lower costs associated with larger sized contracts, including lower compensation paid on the sales of these contracts. We fund all credits from our general account. We do not consider credits to be "investments" for income tax purposes. (See "Taxes.") We allocate each credit to your contract value when the applicable purchase payment is applied to your contract value. We allocate such credits to your contract value according to allocation instructions in effect for your purchase payments. We will reverse credits from the contract value for any purchase payment that is not honored. The amount returned to you under the free look provision also will not include any credits applied to your contract. (See "The Contract in Brief - Free look period.") We will assess a charge, similar to a surrender charge, equal to the amount of the purchase payment credits to the extent a death benefit, surrender payment, or your settlement under an annuity payout plan includes purchase payment credits applied within twelve months preceding: (1) the date of death that results in a death benefit payment under this contract; (2) a request for surrender charge waiver due to Hospital or Nursing Home Confinement or Terminal Illness Disability Diagnosis; or (3) your settlement of the contract under an annuity payout plan.* We reserve the right to increase the amount of the credit for certain groups of contract owners. The increase will not be greater than 8% of total net purchase payments. We would pay for increases in credit amounts primarily through reduced expenses expected from such groups. * For contracts purchased in Oregon, we will assess a charge, similar to a surrender charge, equal to the amount of the purchase payment credits to the extent a death benefit, includes purchase payment credits applied within twelve months preceding the date of death. LIMITATIONS ON USE OF CONTRACTS If mandated by applicable law, including but not limited to, federal anti-money laundering laws, we may be required to reject a purchase payment. We may also be required to block an owner's access to contract values and satisfy other statutory obligations. Under these circumstances, we may refuse to implement requests for transfers, surrenders or death benefits until instructions are received from the appropriate governmental authority or court of competent jurisdiction. -------------------------------------------------------------------------------- 24 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS CHARGES CONTRACT ADMINISTRATIVE CHARGE We charge this fee for establishing and maintaining your records. Currently, we deduct $30 from your contract value on your contract anniversary at the end of each contract year. Subject to state regulatory requirements, we prorate this charge among the subaccounts and the regular fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA fixed account. The contract administrative charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. We reserve the right to increase this charge after the first contract anniversary to a maximum of $50.* We will waive $30 of this charge when your contract value, or total purchase payments less any payments surrendered, is $50,000 or more on the current contract anniversary. If you surrender your contract, we will deduct the full charge at the time of surrender regardless of the contract value or purchase payments made. This charge does not apply after annuity payouts begin or when we pay death benefits. * In certain states and for certain contracts we have waived our right to increase the contract administrative charge. MORTALITY AND EXPENSE RISK FEE We charge this fee daily to the subaccounts. The unit values of your subaccounts reflect this fee, which is a percentage of their average daily net assets, on an annual basis as follows:
RAVA 4 ADVANTAGE RAVA 4 SELECT RAVA 4 ACCESS For nonqualified annuities 1.05% 1.30% 1.45% For qualified annuities .85% 1.10% 1.25%
This fee covers the mortality and expense risk that we assume. This fee does not apply to the GPAs, the regular fixed account or the Special DCA fixed account. Mortality risk arises because of our guarantee to pay a death benefit and our guarantee to make annuity payouts according to the terms of the contract, no matter how long a specific owner or annuitant lives and no matter how long our entire group of owners or annuitants live. If, as a group, owners or annuitants outlive the life expectancy we assumed in our actuarial tables, we must take money from our general assets to meet our obligations. If, as a group, owners or annuitants do not live as long as expected, we could profit from the mortality risk fee. We deduct the mortality risk fee from the subaccounts during the annuity payout period even if the annuity payout plan does not involve a life contingency. Expense risk arises because we cannot increase the contract administrative charge more than $20.00 per contract and this charge may not cover our expenses. We would have to make up any deficit from our general assets. We could profit from the expense risk fee if future expenses are less than expected. The subaccounts pay us the mortality and expense risk fee they accrued as follows: - first, to the extent possible, the subaccounts pay this fee from any dividends distributed from the funds in which they invest; - then, if necessary, the funds redeem shares to cover any remaining fees payable. We may use any profits we realize from the subaccounts' payment to us of the mortality and expense risk fee for any proper corporate purpose, including, among others, payment of distribution (selling) expenses. We do not expect that the surrender charge for RAVA 4 Advantage or RAVA 4 Select, discussed in the following paragraphs, will cover sales and distribution expenses. SURRENDER CHARGE If you surrender all or part of your contract, you may be subject to a surrender charge. For RAVA 4 Advantage, a surrender charge applies if all or part of the surrender amount is from purchase payments we received within seven or ten years before surrender. You select the surrender charge period at the time of your application for the contract. For RAVA 4 Select, a surrender charge applies if you surrender all or part of your purchase payments in the first three contract years. There is no surrender charge for RAVA 4 Access. The surrender charge percentages that apply to you are shown in your contract. You may surrender an amount during any contract year without a surrender charge. We call this amount the Total Free Amount (TFA). The TFA varies depending on whether your contract includes the GWB for Life rider or SecureSource rider: CONTRACTS WITHOUT GWB FOR LIFE RIDER OR SECURESOURCE RIDER The TFA is the greater of: - 10% of the contract value on the prior contract anniversary*; or - current contract earnings. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 25 CONTRACTS WITH GWB FOR LIFE RIDER OR SECURESOURCE RIDER The TFA is the greatest of: - 10% of the contract value on the prior contract anniversary*; - current contract earnings; - the Remaining Benefit Payment; or - the Remaining Annual Lifetime Payment. * We consider all purchase payments received and any purchase payment credit applied prior to your surrender request to be the prior contract anniversary's contract value during the first contract year. NOTE: We determine current contract earnings by looking at the entire contract value, not the earnings of any particular subaccount, GPA, the regular fixed account or the Special DCA fixed account. Amounts surrendered in excess of the TFA may be subject to a surrender charge as described below. SURRENDER CHARGE UNDER RAVA 4 ADVANTAGE: For purposes of calculating any surrender charge under RAVA 4 Advantage, we treat amounts surrendered from your contract value in the following order: 1. First, we surrender the TFA. We do not assess a surrender charge on the TFA. 2. Next we surrender purchase payments received prior to the surrender charge period you selected and shown in your contract. We do not assess a surrender charge on these purchase payments. 3. Finally, if necessary, we surrender purchase payments received that are still within the surrender charge period you selected and shown in your contract. We surrender these payments on a first-in, first-out (FIFO) basis. We do assess a surrender charge on these payments. We determine your surrender charge by multiplying each of your payments surrendered by the applicable surrender charge percentage, and then adding the total surrender charges. The surrender charge percentage depends on the number of years since you made the payments that are surrendered, depending on the schedule you selected*:
SEVEN-YEAR SCHEDULE TEN-YEAR SCHEDULE* NUMBER OF COMPLETED NUMBER OF COMPLETED YEARS FROM DATE OF SURRENDER CHARGE YEARS FROM DATE OF EACH SURRENDER CHARGE EACH PURCHASE PAYMENT PERCENTAGE PURCHASE PAYMENT PERCENTAGE 0 7% 0 8% 1 7 1 8 2 7 2 8 3 6 3 7 4 5 4 7 5 4 5 6 6 2 6 5 7+ 0 7 4 8 3 9 2 10+ 0
* In Alaska, Arizona, Colorado, Connecticut, Georgia, Hawaii, Illinois, Iowa, Michigan, Minnesota, Mississippi, Montana, New Jersey, North Carolina, Oregon, Texas, Utah and Washington the ten-year surrender charge schedule is 8% for years 0-2, 7% for year 3 and declining by 1% each year thereafter until it is 0% for years 10+. For contracts issued in Alabama and Massachusetts, we waive surrender charges after the tenth contract anniversary for all payments regardless of when payments are made. Surrender charges may vary by state based on your age at contract issue. SURRENDER CHARGE UNDER RAVA 4 SELECT (EXCEPT TEXAS): For purposes of calculating any surrender charge under RAVA 4 Select, we treat amounts surrendered from your contract value in the following order: 1. First, we surrender the TFA. We do not assess a surrender charge on the TFA. -------------------------------------------------------------------------------- 26 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 2. Next, if necessary, we surrender purchase payments. We do assess a surrender charge on these payments during the first three contract years as follows:
CONTRACT YEAR SURRENDER CHARGE PERCENTAGE 1 7% 2 7 3 7 Thereafter 0
SURRENDER CHARGE UNDER RAVA 4 SELECT IN TEXAS: For purposes of calculating any surrender charge under RAVA 4 Select in Texas, we treat amounts surrendered from your contract value in the following order: 1. First, we surrender the TFA. We do not assess a surrender charge on the TFA. 2. Next, if necessary, we surrender purchase payments. We surrender amounts from the oldest purchase payments first. We do assess a surrender charge on these payments during the first three contract years as follows:
NUMBER OF COMPLETED YEARS FROM DATE OF EACH PURCHASE PAYMENT SURRENDER CHARGE PERCENTAGE 0 8% 1 7 2 6 Thereafter 0
3. There are no surrender charges after the third contract anniversary. SURRENDER CHARGE UNDER RAVA 4 ACCESS: There is no surrender charge if you surrender all or part of your contract. PARTIAL SURRENDERS: For a partial surrender that is subject to a surrender charge, the amount we actually deduct from your contract value will be the amount you request plus any applicable surrender charge, plus or minus any applicable MVA. For an example, see Appendix C. SURRENDER CHARGE UNDER ANNUITY PAYOUT PLAN E - PAYOUTS FOR A SPECIFIED PERIOD: Under this annuity payout plan, you can choose to take a surrender. The amount that you can surrender is the present value of any remaining variable payouts. The discount rate we use in the calculation will be 5.17% if the assumed investment return is 3.5% and 6.67% if the assumed investment return is 5%. The surrender charge equals the present value of the remaining payouts using the assumed investment return minus the present value of the remaining payouts using the discount rate. WAIVER OF SURRENDER CHARGES We do not assess surrender charges for: - surrenders of any contract earnings; - surrenders of amounts totaling up to 10% of the contract value on the prior contract anniversary to the extent it exceeds contract earnings; - if you elected the GWB for Life or SecureSource rider, the greater of your contract's Remaining Benefit Payment or Remaining Annual Lifetime Payment to the extent it exceeds the greater of contract earnings or 10% of the contract value on the prior contract anniversary; - amounts surrendered after the tenth contract anniversary in Alabama and Massachusetts; - to the extent that they exceed the greater of contract earnings or 10% of the contract value on the prior contract anniversary, required minimum distributions from a qualified annuity. The amount on which surrender charges are waived can be no greater than the RMD amount calculated under your specific contract currently in force; - contracts settled using an annuity payout plan*, unless an Annuity Payout Plan E is later surrendered; - amounts we refund to you during the free look period*; - death benefits*; -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 27 - surrenders you make under your contract's "Waiver of Surrender Charges for Hospital or Nursing Home Confinement" provision*. To the extent permitted by state law, this provision applies when you are under age 76 on the date that we issue the contract. Under this provision, we will waive surrender charges that we normally assess upon full or partial surrender. You must provide proof satisfactory to us that, as of the date you request the surrender, you or your spouse are confined to a nursing home or hospital and have been for 60 straight days and the confinement began after the contract date. (See your contract for additional conditions and restrictions on this waiver.); and - surrenders you make under your contract's "Waiver of Surrender Charges for Terminal Illness Disability Diagnosis" provision.* To the extent permitted by state law, this provision applies when you are under age 76 on the date we issue the contract. Under this provision, we will waive surrender charges that we normally assess for surrenders you make if you are diagnosed after the contract issue date as disabled with a medical condition that with reasonable medical certainty will result in death within 12 months or less from the date of a licensed physician's statement. You must provide us with a licensed physician's statement containing the terminal illness diagnosis and the date the terminal illness was initially diagnosed. (See your contract for additional conditions and restrictions on this waiver.) * However, we will reverse certain purchase payment credits. (See "Buying your contract - Purchase payment credits.") OTHER INFORMATION ON CHARGES: Ameriprise Financial, Inc. makes certain custodial services available to some profit sharing, money purchase and target benefit plans funded by our annuities. Fees for these services start at $30 per calendar year per participant. Ameriprise Financial, Inc. will charge a termination fee for owners under age 59 1/2 (fee waived in case of death or disability). POSSIBLE GROUP REDUCTIONS: In some cases we may incur lower sales and administrative expenses due to the size of the group, the average contribution and the use of group enrollment procedures. In such cases, we may be able to reduce or eliminate certain charges such as the contract administrative and surrender charges. However, we expect this to occur infrequently. OPTIONAL LIVING BENEFIT CHARGES -- CURRENTLY OFFERED SECURESOURCE FLEX RIDER FEE We deduct an annual charge based on the greater of the contract anniversary value or the total Remaining Benefit Amount (RBA) for this optional feature only if you select it as follows: - SecureSource Flex - Single Life rider, 0.95%; - SecureSource Flex - Joint Life rider, 1.10%. We deduct the charge from your contract value on your contract anniversary. We prorate this charge among the regular fixed account and the subaccounts in the same proportion as your interest in each bears to your total contract value, less any amounts invested in GPAs or any Special DCA account. Such charge is only deducted from GPAs and any Special DCA account if insufficient amounts are available from the regular fixed account and variable subaccounts. We will modify this prorated approach to comply with state regulations where necessary. Once you elect the SecureSource Flex rider, you may not cancel it (except as described below), and the charge will continue to be deducted until the contract or rider is terminated, or the contract value reduces to zero. If the contract or rider is terminated for any reason, we will deduct the charge adjusted for the number of calendar days coverage was in place since we last deducted the charge. If the RBA reduces to zero but the contract value has not been depleted, you will continue to be charged. Currently the SecureSource Flex rider fee does not vary with the PN program investment option selected; however, we reserve the right to vary the rider fee for each investment option. The SecureSource Flex - Single Life rider fee will not exceed a maximum fee of 2.00%. The SecureSource Flex - Joint Life rider fee will not exceed a maximum fee of 2.50 %. The following describes how your annual rider fee may increase: 1. We may increase the annual rider fee at our discretion and on a nondiscriminatory basis. Your annual rider fee will increase if we declare an increase to the fee with written notice 30 days in advance except as described below. The new fee will be in effect on the date we declare in the written notice. (A) You can decline this increase and therefore all future fee increases if we receive your written request prior to the date of the fee increase, in which case you permanently relinquish: (i) all future annual step-ups, and for the Joint Life rider, spousal continuation step-ups, (ii) any ability to make additional purchase payments, -------------------------------------------------------------------------------- 28 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS (iii) the ability to change your PN program investment option to one that is more aggressive than your current investment option. Any change to a less aggressive investment option will further limit the investment options available to the then current and less aggressive investment options. (B) You can terminate this rider if your annual rider fee after any increase is more than 0.25 percentage points higher than your fee before the increase and if we receive your written request to terminate the rider prior to the date of the fee increase. 2. Your annual rider fee may increase if you elect to change to a more aggressive PN program investment option and if the new investment option has a higher current annual rider fee. The annual rider fees associated with the available PN program investment options may change at our discretion, however these changes will not apply to this rider unless you change your current investment option to a more aggressive investment option. The new fee will be in effect on the valuation date we receive your written request to change your investment option. You cannot decline this type of fee increase. To avoid it, you must stay in the same investment option or move to a less aggressive one. Also, this type of fee increase does not allow you to terminate the rider. The charge does not apply after you annuitize your contract and annuity payouts begin. ACCUMULATION BENEFIT RIDER FEE We deduct a charge for this optional feature only if you select it.(1) If selected, we deduct an annual charge of 1.50%(2) of the greater of your contract value or the minimum contract accumulation value on your contract anniversary. We prorate this charge among the subaccounts and the regular fixed account (if applicable) in the same proportion as your interest in each bears to your total contract value, less any amounts invested in the Special DCA fixed account. Such charge is only deducted from any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. The charge will only be deducted from the subaccounts in Washington. We will modify this prorated approach to comply with state regulations where necessary. Once you elect the Accumulation Benefit rider, you may not cancel it and the charge will continue to be deducted through the end of the waiting period or when annuity payouts begin. If the contract is terminated for any reason or when annuity payouts begin, we will deduct the charge, adjusted for the number of calendar days coverage was in place since we last deducted the charge. Currently, the Accumulation Benefit rider fee does not vary with the PN program investment option selected; however, we reserve the right to vary the rider fee for each investment option. The Accumulation Benefit rider fee will not exceed a maximum fee of 2.50%. We may increase the rider fee at our discretion and on a nondiscriminatory basis, independent of the fee in effect for new sales. We will not change the Accumulation Benefit rider fee in effect on your contract after the rider effective date unless: (a) you choose the annual elective step up or the elective spousal continuation step up after we have exercised our rights to increase the rider fee; or (b) you change your PN program investment option after we have exercised our rights to increase and/or vary the rider fee for each investment option. If you elect to change your PN program investment option after we have exercised our right to increase the fee for this rider, or after we have exercised our right to establish fees for this rider which vary by investment option, the increase in fees we charge for this rider will become effective on the contract anniversary following your change of investment option. Any investment option changes on the contract anniversary will have the new fee effective on that contract anniversary. Also, in the event you change your investment option twice in the same contract year (see "Portfolio Navigator Program"), the fee for this rider will be the greatest fee applicable to any investment option which you have selected during the contract year. If you choose the elective step up, the elective spousal continuation step up, or change your investment option after we have exercised our rights to increase the rider fee as described above, your fee will be the fee that is in effect on the valuation date we receive your written request to step up or change your investment option. For elective step ups and elective spousal continuation step ups, this fee will be in effect for the entire contract year. The charge does not apply after annuity payouts begin. (1) Available if you are 80 or younger at the rider effective date. You must participate in the PN program with this rider (see "Portfolio Navigator Program"). Not available with GWB for Life or SecureSource riders. (2) For contracts purchased prior to Oct. 4, 2010, the following charges apply:
CONTRACT PURCHASE DATE CURRENT CHARGE ---------------------- -------------- Before Jan. 26, 2009...................................................... 0.60% Jan. 26 2009 -- May 30, 2009.............................................. 0.80% Nov. 30, 2009 -- Oct. 3, 2010............................................. 1.25%
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 29 OPTIONAL LIVING BENEFIT CHARGES -- PREVIOUSLY OFFERED GWB FOR LIFE RIDER FEE We deduct a charge for this optional feature only if you select it. If selected, we deduct an annual charge of 0.65% of the greater of the contract anniversary value or the remaining benefit amount (RBA). We prorate this charge among the subaccounts and the regular fixed account (if applicable) in the same proportion as your interest in each bears to your total contract value, less any amounts invested in the GPAs and in the Special DCA fixed account. Such charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. The charge will only be deducted from the subaccounts in Washington. We will modify this prorated approach to comply with state regulations where necessary. Once you elect the GWB for Life rider, you may not cancel it and the fee will continue to be deducted until the contract is terminated, the contract value reduces to zero or annuity payouts begin. If the contract is terminated for any reason or when annuity payouts begin, we will deduct the fee, adjusted for the number of calendar days coverage was in place since we last deducted the fee. If the RBA goes to zero but the contract value has not been depleted, you will continue to be charged. Currently, the GWB for Life rider fee does not vary with the PN program investment option selected; however, we reserve the right to vary the rider fee for each investment option. The GWB for Life rider fee will not exceed a maximum fee of 1.50%. We may increase the rider fee at our discretion and on a nondiscriminatory basis. We will not change the GWB for Life rider fee in effect on your contract after the rider effective date unless: (a) you choose the annual elective step up or the elective spousal continuation step up after we have exercised our rights to increase the rider fee; or (b) you elect to change your PN program investment option after we have exercised our rights to increase and/or vary the rider fee for each investment option. If you chose the elective spousal continuation step up or change your PN program investment option after we have exercised our right to increase the fee for this rider, or after we have exercised our right to establish fees for this rider which vary by investment option, the increase in fees we charge for this rider will become effective on the contract anniversary following your change. Any changes on the contract anniversary will have the new fee effective on that contract anniversary. Also, in the event you change your investment option more than once in the same contract year (see "Portfolio Navigator Program"), the fee for this rider will be the greatest fee applicable to any investment option which you have selected during the contract year. If you chose the elective step up, you will pay the fee in effect on the valuation date we receive your written request to step up. If you chose an elective step up on the first contract anniversary, any increase in fees we charge for this rider for the step up will not become effective until the third contract year. In the event of more than one change in investment option and/or elective step up occurring in the same contract year, the fee we charge for this rider will be the highest fee applicable to any of these changes. The charge does not apply after annuity payouts begin. SECURESOURCE RIDER FEE We deduct an annual charge based on the greater of the contract anniversary value or the total Remaining Benefit Amount (RBA)(1) for this optional feature only if you select it(2) as follows: - SecureSource - Single Life rider, 0.90%(3); - SecureSource - Joint Life rider, 1.15%(3) We deduct the charge from your contract value on your contract anniversary. We prorate this charge among the subaccounts and the regular fixed account (if applicable) in the same proportion as your interest in each bears to your total contract value, less any amounts invested in the GPAs and in the Special DCA fixed account. Such charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. The charge will only be deducted from the subaccounts in Washington. We will modify this approach to comply with state regulations where necessary. Once you elect the SecureSource rider, you may not cancel it and the fee will continue to be deducted until the contract or rider is terminated, or the contract value reduces to zero. If the contract or rider is terminated for any reason, we will deduct the fee, adjusted for the number of calendar days coverage was in place since we last deducted the fee. If the RBA reduces to zero but the contract value has not been depleted, you will continue to be charged. Currently the SecureSource rider fee does not vary with the PN program investment option selected; however, we reserve the right to vary the rider fee for each investment option. The SecureSource - Single Life rider fee will not exceed a maximum fee of 2.00%(3). The SecureSource - Joint Life rider charge will not exceed a maximum fee of 2.50%(3). -------------------------------------------------------------------------------- 30 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS We may increase the rider fee at our discretion and on a nondiscriminatory basis. We will not change the SecureSource rider fee in effect on your contract after the rider effective date unless: (a) you choose the annual elective step up or elective spousal continuation step up after we have exercised our rights to increase the rider fee. However, if you choose to exercise the annual elective step up before the end of the waiting period, the SecureSource rider fee will not change until the end of the waiting period. The fee for your rider will be based on the fee in effect on the valuation date we received your last written request to exercise the elective annual step up or to elect to change your PN program investment option; or (b) you elect to change your PN program investment option after we have exercised our rights to increase and/or vary the rider fee for each investment option. If you choose the elective step up, the elective spousal continuation step up, or change your PN program investment option as described above, the fee for your rider will be the fee that is in effect on the valuation date we receive your written request to step up or change your investment option. On the next contract anniversary, we will calculate an average rider fee, for the preceding contract year only, that reflects the various different fees that were in effect that year, adjusted for the number of calendar days each fee was in effect. The charge does not apply after annuity payouts begin. (1) In Washington, the fee is based on the greater of the variable account contract value or the RBA less amounts invested in the fixed account. (2) For Single Life, available if you are 80 or younger at the rider effective date. For Joint Life, available if you and your spouse are 80 or younger at the rider effective date. You must participate in the PN program with this rider (see "Portfolio Navigator Program"). Not available with the Accumulation Benefit rider. (3) For contracts purchased prior to Jan. 26, 2009, the following charges apply: - the current fee for Single Life rider is 0.65% and for Joint Life rider is 0.85%, and - the maximum fee for Single Life rider is 1.50% and for Joint Life rider is 1.75%. OPTIONAL DEATH BENEFIT CHARGES ROPP RIDER FEE We deduct a charge for this optional feature only if you select it.(1) If selected, we deduct an annual charge of 0.20% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and regular fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA fixed account. Such charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. In this case, we prorate the fee among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.30%. If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year. (1) Available if you are 76 or older at the rider effective date. ROPP is included in the standard death benefit if you are age 75 or younger on the contract effective date at no additional cost. MAV RIDER FEE We deduct a charge for this optional feature only if you select it.(1) If selected, we deduct an annual charge of 0.25% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and regular fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA fixed account. Such charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. In this case, we prorate the fee among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.35%. If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year. (1) Available if you are 75 or younger at the rider effective date. Not available with the 5-Year MAV. 5-YEAR MAV RIDER FEE We deduct a charge for this optional feature only if you select it.(1) If selected, we deduct an annual charge of 0.10% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and regular fixed account in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA fixed account. Such charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. In this case, we prorate -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 31 the fee among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.20%. If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year. (1) Available if you are 75 or younger at the rider effective date. Not available with the MAV. EEB RIDER FEE We deduct a charge for this optional feature only if you select it.(1) If selected, we deduct an annual charge of 0.30% of your contract value on your contract anniversary at the end of each contract year. We prorate this charge among the subaccounts and regular fixed accounts in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA fixed account. Such charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. In this case, we prorate the fee among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.40%. If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year. (1) Available if you are 75 or younger at the rider effective date. Not available with EEP. May not be available in all states. EEP RIDER FEE We deduct a charge for this optional feature only if you select it.(1) If selected, we deduct an annual charge of 0.40% of your contract value on your contract anniversary at the end of each contract year. We prorate this fee among the subaccounts and regular fixed accounts in the same proportion your interest in each account bears to your total contract value, less amounts invested in the GPAs and the Special DCA fixed account. Such charge is only deducted from GPAs and any Special DCA fixed account if insufficient amounts are available in the regular fixed account and the subaccounts. In this case, we prorate the fee among all accounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase the fee for this rider after the tenth rider anniversary to a maximum of 0.50%. If the contract is terminated for any reason, we will deduct the charge from your contract value at that time, adjusted for the number of calendar days coverage was in effect during the year. (1) Available if you are 75 or younger at the rider effective date. Not available with EEB. May not be available in all states. EEP is only available on contracts purchased through a direct transfer or exchange of another annuity or a life insurance policy. RIDER COMBINATION DISCOUNT A fee discount of 0.05% applies if you purchase the 5-Year MAV with either the EEB or EEP. A fee discount of 0.10% applies if you purchase the MAV with either the EEB or EEP. FUND FEES AND EXPENSES There are deductions from and expenses paid out of the assets of the funds that are described in the prospectuses for those funds. (See "Annual Operating Expenses of the Funds.") PREMIUM TAXES Certain state and local governments impose premium taxes on us (up to 3.5%). These taxes depend upon your state of residence or the state in which the contract was sold. Currently, we deduct any applicable premium tax when annuity payouts begin, but we reserve the right to deduct this tax at other times such as when you surrender your contract. VALUING YOUR INVESTMENT We value your accounts as follows: GPA We value the amounts you allocate to the GPA directly in dollars. The GPA value equals: - the sum of your purchase payments and purchase payment credits allocated to the GPA; - plus any amounts transferred to the GPA from the regular fixed account or subaccounts; - plus interest credited; - minus any amounts transferred from the GPA to the regular fixed account or any subaccount; - minus any amounts deducted for charges or surrenders; and/or -------------------------------------------------------------------------------- 32 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS - minus any remaining portion of fees where the values of the regular fixed account and the subaccounts are insufficient to cover those fees. REGULAR FIXED ACCOUNT We value the amounts you allocate to the regular fixed account directly in dollars. The regular fixed account value equals: - the sum of your purchase payments and purchase payment credits and transfer amounts allocated to the regular fixed account (including any positive or negative MVA on amounts transferred from the GPAs); - plus interest credited; - minus the sum of amounts surrendered (including any applicable surrender charges) and amounts transferred out; - minus any prorated portion of the contract administrative charge; - minus any prorated portion of the ROPP rider fee (if selected); - minus any prorated portion of the MAV rider fee (if selected); - minus any prorated portion of the 5-Year MAV rider fee (if selected); - minus any prorated portion of the EEB rider fee (if selected); - minus any prorated portion of the EEP rider fee (if selected); - minus any prorated portion of the Accumulation Benefit rider fee (if selected)*; - minus any prorated portion of the GWB for Life rider fee (if selected)*; and - minus any prorated portion of the SecureSource rider fee (if selected)*. * The fee can only be deducted from the subaccounts in Washington. SPECIAL DCA FIXED ACCOUNT We value the amounts you allocate to the Special DCA fixed account directly in dollars. The Special DCA fixed account value equals: - the sum of your purchase payments and purchase payment credits allocated to the Special DCA fixed account; - plus interest credited; - minus the sum of amounts surrendered (including any applicable surrender charges); - minus amounts transferred out; and - minus any remaining portion of fees where the values of the regular fixed account and the subaccounts are insufficient to cover those fees. SUBACCOUNTS We convert amounts you allocated to the subaccounts into accumulation units. Each time you make a purchase payment or transfer amounts into one of the subaccounts or we apply any purchase payment credits to a subaccount, we credit a certain number of accumulation units to your contract for that subaccount. Conversely, we subtract a certain number of accumulation units from your contract each time you take a partial surrender, transfer amounts out of a subaccount, or we assess a contract administrative charge, a surrender charge or charge for any optional riders with annual charges (if applicable). The accumulation units are the true measure of investment value in each subaccount during the accumulation period. They are related to, but not the same as, the net asset value of the fund in which the subaccount invests. The dollar value of each accumulation unit can rise or fall daily depending on the variable account expenses, performance of the fund and on certain fund expenses. Here is how we calculate accumulation unit values: NUMBER OF UNITS: to calculate the number of accumulation units for a particular subaccount we divide your investment by the current accumulation unit value. ACCUMULATION UNIT VALUE: the current accumulation unit value for each subaccount equals the last value times the subaccount's current net investment factor. WE DETERMINE THE NET INVESTMENT FACTOR BY: - adding the fund's current net asset value per share, plus the per share amount of any accrued income or capital gain dividends to obtain a current adjusted net asset value per share; then - dividing that sum by the previous adjusted net asset value per share; and - subtracting the percentage factor representing the mortality and expense risk fee from the result. Because the net asset value of the fund may fluctuate, the accumulation unit value may increase or decrease. You bear all the investment risk in a subaccount. FACTORS THAT AFFECT SUBACCOUNT ACCUMULATION UNITS: accumulation units may change in two ways -- in number and in value. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 33 The number of accumulation units you own may fluctuate due to: - additional purchase payments you allocate to the subaccounts; - any purchase payment credits allocated to the subaccounts; - transfers into or out of the subaccounts (including any positive or negative MVA on amounts transferred from the GPAs); - partial surrenders; - surrender charges; and a deduction of a prorated portion of: - the contract administrative charge; - the ROPP rider charge (if selected); - the MAV rider charge (if selected); - the 5-Year MAV rider charge (if selected); - the EEB rider charge (if selected); - the EEP rider fee charge (if selected); - the Accumulation Benefit rider charge (if selected); - the GWB for Life rider charge (if selected); and/or - the SecureSource rider charge (if selected). Accumulation unit values will fluctuate due to: - changes in fund net asset value; - fund dividends distributed to the subaccounts; - fund capital gains or losses; - fund operating expenses; and/or - mortality and expense risk fees. MAKING THE MOST OF YOUR CONTRACT AUTOMATED DOLLAR-COST AVERAGING Currently, you can use automated transfers to take advantage of dollar-cost averaging (investing a fixed amount at regular intervals). For example, you might transfer a set amount monthly from a relatively conservative subaccount to a more aggressive one, or to several others, or from the regular fixed account to one or more subaccounts. Automated transfers from the regular fixed account to the subaccounts under automated dollar-cost averaging may not exceed an amount that, if continued, would deplete the regular fixed account within 12 months. You may not set up an automated transfer to or from the GPAs. You may not set up an automated transfer to the regular fixed account or the Special DCA fixed account. You may not set up an automated transfer if the GWB for Life, SecureSource, Accumulation Benefit, or PN program is selected. There is no charge for dollar-cost averaging. This systematic approach can help you benefit from fluctuations in accumulation unit values caused by fluctuations in the market values of the funds. Since you invest the same amount each period, you automatically acquire more units when the market value falls and fewer units when it rises. The potential effect is to lower your average cost per unit. -------------------------------------------------------------------------------- 34 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS HOW DOLLAR-COST AVERAGING WORKS
NUMBER By investing an equal number AMOUNT ACCUMULATION OF UNITS of dollars each month... MONTH INVESTED UNIT VALUE PURCHASED Jan $100 $20 5.00 Feb 100 18 5.56 you automatically buy Mar 100 17 5.88 more units when the (ARROW) Apr 100 15 6.67 per unit market price is low... May 100 16 6.25 June 100 18 5.56 July 100 17 5.88 and fewer units Aug 100 19 5.26 when the per unit (ARROW) Sept 100 21 4.76 market price is high. Oct 100 20 5.00
You paid an average price of $17.91 per unit over the 10 months, while the average market price actually was $18.10. Dollar-cost averaging does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. Because dollar-cost averaging involves continuous investing, your success will depend upon your willingness to continue to invest regularly through periods of low price levels. Dollar-cost averaging can be an effective way to help meet your long-term goals. For specific features contact your financial advisor. SPECIAL DOLLAR-COST AVERAGING (SPECIAL DCA) PROGRAM If your purchase payment is at least $10,000, you can choose to participate in the Special DCA program (if available). There is no charge for the Special DCA program. Under the Special DCA program, you can allocate a new purchase payment and any applicable purchase payment credit to a six-month Special DCA fixed account according to the following rules: - You may only allocate a new purchase payment of at least $10,000 to a Special DCA fixed account. - You cannot transfer existing contract values into a Special DCA fixed account. - Each Special DCA arrangement consists of six monthly transfers that begin seven days after we receive your purchase payment. - We make monthly transfers of your Special DCA fixed account value into the subaccounts or PN program investment option you have selected. - You may not use the regular fixed account, GPA account, or the Special DCA fixed account as a destination for the Special DCA monthly transfer. (Exception: if the PN program is in effect and the model portfolio you have selected, if applicable, includes the regular fixed account, amounts will be transferred from the Special DCA fixed account to the regular fixed account according to the allocation percentage established for the model portfolio you have selected.) - We will change the interest rate on each Special DCA fixed account from time to time at our discretion based on factors that include the competition and the interest rate we are crediting to the regular fixed account at the time of the change. From time to time, we may credit interest to the Special DCA fixed account at promotional rates that are higher than those we credit to the regular fixed account. - We credit each Special DCA fixed account with the current guaranteed annual rate that is in effect on the date we receive your purchase payment. However, we credit this annual rate over the length of the Special DCA arrangement on the balance remaining in your Special DCA fixed account. Therefore, the net effective interest rate you receive is less than the stated annual rate. - We do not credit this interest after we transfer the value out of the Special DCA fixed account into the accounts you selected. - Once you establish a Special DCA fixed account, you cannot allocate additional purchase payments to it. However, you may establish another new Special DCA fixed account and allocate new purchase payments to it. - Funding from multiple sources is treated as individual purchase payments and a new Special DCA fixed account is opened for each payment (if the Special DCA fixed accounts are available on the valuation date we receive your payment). - You may terminate your participation in the Special DCA program at any time. If you do, for RAVA 4 Advantage and RAVA 4 Select, we will transfer the remaining balance from your Special DCA fixed account to the regular fixed account, if no other specification is made. Interest will be credited according to the rates in effect on the regular fixed account and not -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 35 the rate that was in effect on the Special DCA fixed account. For RAVA 4 Access, we will transfer the remaining balance from your Special DCA fixed account to variable subaccounts you specified in your termination request, or if no specification is made, according to your current purchase payment allocation. (Exception: if you are required to be in the PN program when you elect to end your participation in the Special DCA program, we will transfer the remaining balance to the PN program investment option you have selected). - We can modify the terms of the Special DCA program at any time. Any modifications will not affect any purchase payments that are already in a Special DCA fixed account. For more information on the Special DCA program, contact your financial advisor. The Special DCA program does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. Because dollar-cost averaging involves continuous investing, your success will depend upon your willingness to continue to invest regularly through periods of low price levels. Dollar-cost averaging can be an effective way to help meet your long-term goals. ASSET REBALANCING You can ask us in writing to have the variable subaccount portion of your contract value allocated according to the percentages (in tenth of a percent amounts) that you choose. We automatically will rebalance the variable subaccount portion of your contract value either quarterly, semi-annually, or annually. The period you select will start to run on the date we record your request. On the first valuation date of each of these periods, we automatically will rebalance your contract value so that the value in each subaccount matches your current subaccount percentage allocations. These percentage allocations must be in numbers with no more than one digit past the decimal. Asset rebalancing does not apply to the GPAs, regular fixed account or the Special DCA fixed account. There is no charge for asset rebalancing. The contract value must be at least $2,000. You can change your percentage allocations or your rebalancing period at any time by contacting us in writing. We will restart the rebalancing period you selected as of the date we record your change. You also can ask us in writing or by any other method acceptable to us, to stop rebalancing your contract value. You must allow 30 days for us to change any instructions that currently are in place. For more information on asset rebalancing, contact your financial advisor. Different rules apply to asset rebalancing under the Portfolio Navigator program (see "Portfolio Navigator Program" below). PORTFOLIO NAVIGATOR PROGRAM (PN PROGRAM) Under the PN program, for living benefit riders, your contract value is allocated to a PN program investment option (except as described in the next paragraph). The PN program investment options are currently five funds of funds, each of which invests in underlying funds in proportions that vary among the funds of funds in light of each fund of funds' investment objective ("Portfolio Navigator funds"). The PN program is available for both nonqualified and qualified annuities. The PN program also allows those who participated in a previous version of the PN program and who previously opted out of the transfer of their contract value to Portfolio Navigator funds to remain invested in accordance with a "static" PN program model portfolio investment option that is not subject to updating or reallocation. For more information on the static model portfolios, see "The static model portfolios" below. You are required to participate in the PN program if your contract includes optional living benefit riders. If your contract does not include one of these riders, you may not participate in the PN program; but you may choose to allocate your contract value to one or more of the funds of funds without being in the PN program. You should review any PN program information, including the prospectus for the funds of funds, carefully. Your financial advisor can provide you with additional information and can answer questions you may have on the PN program. THE PORTFOLIO NAVIGATOR FUNDS. Each of the Portfolio Navigator funds is a fund of funds with the investment objective of seeking a high level of total return consistent with a certain level of risk by investing in various underlying funds. The funds of funds have objectives ranging from Conservative to Aggressive, and are managed within asset class allocation targets and with a broad multi-manager approach. Columbia Management Investment Advisers is the investment adviser of each of the funds of funds, and Columbia Management Investment Advisers or an affiliate is the investment adviser of each of the underlying funds in which the funds of funds invest. Morningstar Associates, LLC serves as an independent consultant to Columbia Management Investment Advisers to provide recommendations regarding portfolio construction and ongoing analysis of the funds of funds. Neither Columbia Management Investment Advisers nor Morningstar Associates, LLC serves as your investment adviser as to the allocation of your contract value under the PN program (regardless of whether you have selected a PN program investment option or have chosen to remain in a static model portfolio). Some of the underlying funds are managed on a day-to- day basis directly by Columbia Management Investment Advisers and some are managed by one or more affiliated or unaffiliated sub-advisers, subject to the oversight of Columbia Management Investment Advisers and the fund's board of trustees. -------------------------------------------------------------------------------- 36 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS Below are the target asset allocation weights (between equity and fixed income/cash underlying funds) for each of the funds of funds: 1. Variable Portfolio - Aggressive Portfolio: 80% Equity / 20% Fixed Income 2. Variable Portfolio - Moderately Aggressive Portfolio: 65% Equity / 35% Fixed Income 3. Variable Portfolio - Moderate Portfolio: 50% Equity / 50% Fixed Income 4. Variable Portfolio - Moderately Conservative Portfolio: 35% Equity / 65% Fixed Income 5. Variable Portfolio - Conservative Portfolio: 20% Equity / 80% Fixed Income FUND OF FUNDS CONFLICTS OF INTEREST. In providing investment advisory services for the funds of funds and the underlying funds in which the funds of funds invest, Columbia Management Investment Advisers is, together with its affiliates, including us, subject to competing interests that may influence its decisions. These competing interests typically arise because Columbia Management Investment Advisers or one of its affiliates serves as the investment adviser to the underlying funds and may provide other services in connection with such underlying funds, and because the compensation we and our affiliates receive for providing these investment advisory and other services varies depending on the underlying fund. For additional information about the conflicts of interest to which Columbia Management Investment Advisers and its affiliates are subject, see the funds of funds prospectus. THE STATIC MODEL PORTFOLIOS. If you have chosen to remain invested in a "static" PN program model portfolio investment option, your assets will remain invested in accordance with your current model portfolio, and you will not be provided with any updates to the model portfolio or reallocation recommendations. (The last such reallocation recommendation was provided in 2009.) Each model portfolio consists of underlying funds according to the allocation percentages stated for the model portfolio. If you are participating in the PN program through a model portfolio, you instruct us to automatically rebalance your contract value quarterly in order to maintain alignment with these allocation percentages. If you own a contract with a living benefit rider which requires you to participate in the PN program and have chosen to remain in a PN program model portfolio, you may in the future transfer the assets in your contract only to one of the funds of funds investment options. If you begin taking income from your contract and have a living benefit rider that requires a move to a certain model portfolio once you begin taking income, you will be transferred to the fund of funds that corresponds to that model portfolio. If you choose to remain in a static model portfolio, the investments and investment styles and policies of the underlying funds in which your contract value is invested may change. Accordingly, your model portfolio may change so that it is no longer appropriate for your needs, even though your allocations to underlying funds do not change. Furthermore, the absence of periodic updating means that existing underlying funds will not be replaced as may be appropriate due to poor performance, changes in management personnel, or other factors. Although the model portfolios are no longer maintained on an ongoing basis, the asset allocations in the model portfolios may have been affected by conflicts of interest similar to those to which the funds of funds are subject. Certain of the underlying funds in the model portfolios are managed by Columbia Management Investment Advisers or an affiliate while others are not, and we or our affiliate had an incentive to specify greater allocation percentages for the affiliated underlying funds. PARTICIPATING IN THE PN PROGRAM. You are responsible for determining which investment option is best for you. Your financial advisor can help you make this determination. In addition, your financial advisor may provide you with an investor questionnaire, a tool to help define your investing style that is based on factors such as your investment goals, your tolerance for risk and how long you intend to invest. Your responses to the investor questionnaire can help you determine which investment option most closely matches your investing style. While the scoring of the investor questionnaire is objective, there is no guarantee that your responses to the investor questionnaire accurately reflect your tolerance for risk. Similarly, there is no guarantee that the investment option you select or have selected after completing the investor questionnaire is appropriate to your ability to withstand investment risk. RiverSource Life is not responsible for your selection of a specific investment option or your decision to change to a different investment option. Currently, there are five Portfolio Navigator funds (and under the previous PN program five model portfolio investment options) ranging from conservative to aggressive. You may not use more than one investment option at a time. If you initially allocate qualifying purchase payments and applicable purchase payment credits to the Special DCA fixed account, when available (see "The Special DCA Fixed Account"), and you are participating in the PN program, we will make monthly transfers in accordance with your instructions from the Special DCA fixed account (and subaccounts we may choose to allow for DCA arrangements which are not part of a model portfolio -- "excluded accounts") into the investment option or model portfolio you have chosen. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 37 You may request a change to your fund of funds (or a transfer from your model portfolio to a fund of funds) up to twice per contract year by written request on an authorized form or by another method agreed to by us. If you make such a change, we may charge you a higher fee for your rider. If your contract includes a Secure Source rider, we reserve the right to limit the number of changes if required to comply with the written instructions of a Fund (see "Market Timing"). If your contract includes the GWB for Life rider or SecureSource rider, we reserve the right to limit the number of investment options from which you can select, subject to state restrictions. We reserve the right to change the terms and conditions of the PN program upon written notice to you. This includes but is not limited to the right to: - limit your choice of investment options based on the amount of your initial purchase payment; - cancel required participation in the program after 30 days' written notice; - substitute a fund of funds for your model portfolio, if applicable, if permitted under applicable securities law; and - discontinue the PN program after 30 days' written notice. RISKS. Asset allocation does not guarantee that your contract will increase in value nor will it protect against a decline in value if market prices fall. By investing in a fund of funds, you may be able to reduce the volatility in your contract value, but there is no guarantee that this will happen. For additional information about the risks of investing in a fund of funds, see the prospectus for funds of funds. LIVING BENEFIT RIDERS REQUIRING PARTICIPATION IN THE PN PROGRAM: - ACCUMULATION BENEFIT RIDER: You cannot terminate the Accumulation Benefit rider. As long as the Accumulation Benefit rider is in effect, your contract value must be invested in one of the PN program investment options. For contracts purchased on or after Jan. 26, 2009, you cannot select the Aggressive investment option, or transfer to the Aggressive investment option while the rider is in effect. The Accumulation Benefit rider automatically ends at the end of the waiting period and you then have the option to cancel your participation in the PN program. At all other times, if you do not want to invest in any of the PN program investment options, you must terminate your contract by requesting a full surrender. Surrender charges and tax penalties may apply. THEREFORE, YOU SHOULD NOT SELECT THE ACCUMULATION BENEFIT RIDER IF YOU DO NOT INTEND TO CONTINUE PARTICIPATING IN THE PN PROGRAM (AS IT NOW EXISTS OR AS WE MAY MODIFY IT IN THE FUTURE) UNTIL THE END OF THE WAITING PERIOD. - GWB FOR LIFE OR SECURESOURCE RIDER: The GWB for Life or SecureSource rider requires that your contract value be invested in one of the PN program investment options for the life of the contract. Subject to state restrictions, we reserve the right to limit the number of investment options from which you can select based on the dollar amount of purchase payments you make. Because you cannot terminate the GWB for Life or SecureSource rider once you have selected it, you must terminate your contract by requesting a full surrender if you do not want to invest in any of the PN program investment options. Surrender charges and tax penalties may apply. THEREFORE, YOU SHOULD NOT SELECT THE GWB FOR LIFE OR SECURESOURCE RIDER IF YOU DO NOT INTEND TO CONTINUE PARTICIPATING IN THE PN PROGRAM (AS IT NOW EXISTS OR AS WE MAY MODIFY IT IN THE FUTURE) FOR THE LIFE OF THE CONTRACT. TRANSFERRING AMONG ACCOUNTS The transfer rights discussed in this section do not apply while the PN program is in effect. You may transfer contract value from any one subaccount, GPAs or the regular fixed account, to another subaccount before annuity payouts begin. For RAVA 4 Advantage and RAVA 4 Select contracts, certain restrictions apply to transfers involving the GPAs and the regular fixed account. For RAVA 4 Access contracts you cannot transfer to the regular fixed account. (Exception: RAVA 4 Access contract holders who remained invested in the static PN program model portfolio and have the regular fixed account included in the model portfolio selected.) When your request to transfer will be processed depends on when we receive it: - If we receive your transfer request at our corporate office in good order before the close of business, we will process your transfer using the accumulation unit value we calculate on the valuation date we received your transfer request. - If we receive your transfer request at our corporate office in good order at or after the close of business, we will process your transfer using the accumulation unit value we calculate on the next valuation date after we received your transfer request. There is no charge for transfers. Before making a transfer, you should consider the risks involved in changing investments. Transfers out of the GPAs will be subject to an MVA if done more than 30 days before the end of the guarantee period. We may suspend or modify transfer privileges at any time, subject to state regulatory requirements. -------------------------------------------------------------------------------- 38 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS For information on transfers after annuity payouts begin, see "Transfer policies" below. TRANSFER POLICIES FOR RAVA 4 ADVANTAGE AND RAVA 4 SELECT - Before annuity payouts begin, you may transfer contract values between the subaccounts, or from the subaccounts to the GPAs and regular fixed account at any time. The amount transferred to any GPA must be at least $1,000. However, if you made a transfer from the regular fixed account to the subaccounts or the GPAs, you may not make a transfer from any subaccount or GPA back to the regular fixed account until the next contract anniversary. We reserve the right to limit transfers to the regular fixed account if the interest rate we are then currently crediting to the regular fixed account is equal to the minimum interest rate stated in the contract. - You may transfer contract values from the regular fixed account to the subaccounts or the GPAs once a year during a 31-day transfer period starting on each contract anniversary (except for automated transfers, which can be set up at any time for certain transfer periods subject to certain minimums). Transfers from the regular fixed account are not subject to an MVA. Currently, transfers out of the regular fixed account are limited to the greater of: a) 30% of the regular fixed account value at the beginning of the contract year, or b) the amount transferred out of the regular fixed account in the previous contract year, excluding any automated transfer amounts. If an automated dollar-cost averaging arrangement is established within 30 days of contract issue, the 30% limitation does not apply to transfers made from the regular fixed account to the subaccounts for the duration of this initial arrangement. - You may transfer contract values from any GPA to the subaccounts, regular fixed account or other GPA any time after 60 days of transfer or payment allocation into such GPA. Transfers made more than 30 days before the end of the guarantee period will receive an MVA, which may result in a gain or loss of contract value, unless an exception applies (see "The Guarantee Period Accounts (GPAs) -- Market Value Adjustment (MVA)"). - If we receive your request within 30 days before the contract anniversary date, the transfer from the regular fixed account to the subaccounts will be effective on the anniversary. - If we receive your request on or within 30 days after the contract anniversary date, the transfer from the regular fixed account to the subaccounts or GPAs will be effective on the valuation date we receive it. - We will not accept requests for transfers from the regular fixed account at any other time. - You may not make a transfer to the Special DCA fixed account. - Once annuity payouts begin, you may not make transfers to or from the GPAs or the regular fixed account, but you may make transfers once per contract year among the subaccounts. During the annuity payout period, you cannot invest in more than five subaccounts at any one time unless we agree otherwise. When annuity payments begin, you must transfer all contract value out of any GPAs and Special DCA fixed account. FOR RAVA 4 ACCESS - Before annuity payouts begin, you may transfer contract values between the subaccounts, or from the subaccounts to the GPAs at any time. The amount transferred to any GPA must be at least $1,000. - You may not make a transfer to the regular fixed account unless it is part of a model portfolio in which you have elected to participate, if applicable. - You may transfer contract values from any GPA to the subaccounts, or other GPA any time after 60 days of transfer or payment allocation into such GPA. Transfers made more than 30 days before the end of the guarantee period will receive an MVA, which may result in a gain or loss of contract value, unless an exception applies (see "The Guarantee Period Accounts (GPAs) -- Market Value Adjustment (MVA)"). - You may not make a transfer to the Special DCA fixed account. - Once annuity payouts begin, you may not make transfers to or from the GPAs, but you may make transfers once per contract year among the subaccounts. During the annuity payout period, you cannot invest in more than five subaccounts at any one time unless we agree otherwise. When annuity payments begin, you must transfer all contract value out of any GPAs and Special DCA fixed account. MARKET TIMING Market timing can reduce the value of your investment in the contract. If market timing causes the returns of an underlying fund to suffer, contract value you have allocated to a subaccount that invests in that underlying fund will be lower, too. Market timing can cause you, any joint owner of the contract and your beneficiary(ies) under the contract a financial loss. WE SEEK TO PREVENT MARKET TIMING. MARKET TIMING IS FREQUENT OR SHORT-TERM TRADING ACTIVITY. WE DO NOT ACCOMMODATE SHORT-TERM TRADING ACTIVITIES. DO NOT BUY A CONTRACT IF YOU WISH TO USE SHORT-TERM TRADING STRATEGIES TO MANAGE YOUR INVESTMENT. THE MARKET TIMING POLICIES AND PROCEDURES DESCRIBED BELOW APPLY TO TRANSFERS AMONG THE SUBACCOUNTS -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 39 WITHIN THE CONTRACT. THE UNDERLYING FUNDS IN WHICH THE SUBACCOUNTS INVEST HAVE THEIR OWN MARKET TIMING POLICIES AND PROCEDURES. THE MARKET TIMING POLICIES OF THE UNDERLYING FUNDS MAY BE MORE RESTRICTIVE THAN THE MARKET TIMING POLICIES AND PROCEDURES WE APPLY TO TRANSFERS AMONG THE SUBACCOUNTS OF THE CONTRACT, AND MAY INCLUDE REDEMPTION FEES. WE RESERVE THE RIGHT TO MODIFY OUR MARKET TIMING POLICIES AND PROCEDURES AT ANY TIME WITHOUT PRIOR NOTICE TO YOU. Market timing may hurt the performance of an underlying fund in which a subaccount invests in several ways, including but not necessarily limited to: - diluting the value of an investment in an underlying fund in which a subaccount invests; - increasing the transaction costs and expenses of an underlying fund in which a subaccount invests; and - preventing the investment adviser(s) of an underlying fund in which a subaccount invests from fully investing the assets of the fund in accordance with the fund's investment objectives. Funds available as investment options under the contract that invest in securities that trade in overseas securities markets may be at greater risk of loss from market timing, as market timers may seek to take advantage of changes in the values of securities between the close of overseas markets and the close of U.S. markets. Also, the risks of market timing may be greater for underlying funds that invest in securities such as small cap stocks, high yield bonds, or municipal securities, that may be traded infrequently. IN ORDER TO HELP PROTECT YOU AND THE UNDERLYING FUNDS FROM THE POTENTIALLY HARMFUL EFFECTS OF MARKET TIMING ACTIVITY, WE APPLY THE FOLLOWING MARKET TIMING POLICY TO DISCOURAGE FREQUENT TRANSFERS OF CONTRACT VALUE AMONG THE SUBACCOUNTS OF THE VARIABLE ACCOUNT: We try to distinguish market timing from transfers that we believe are not harmful, such as periodic rebalancing for purposes of an asset allocation, dollar-cost averaging and asset rebalancing program that may be described in this prospectus. There is no set number of transfers that constitutes market timing. Even one transfer in related accounts may be market timing. We seek to restrict the transfer privileges of a contract owner who makes more than three subaccount transfers in any 90 day period. We also reserve the right to refuse any transfer request, if, in our sole judgment, the dollar amount of the transfer request would adversely affect unit values. If we determine, in our sole judgment, that your transfer activity constitutes market timing, we may modify, restrict or suspend your transfer privileges to the extent permitted by applicable law, which may vary based on the state law that applies to your contract and the terms of your contract. These restrictions or modifications may include, but not be limited to: - requiring transfer requests to be submitted only by first-class U.S. mail; - not accepting hand-delivered transfer requests or requests made by overnight mail; - not accepting telephone or electronic transfer requests; - requiring a minimum time period between each transfer; - not accepting transfer requests of an agent acting under power of attorney; - limiting the dollar amount that you may transfer at any one time; - suspending the transfer privilege; or - modifying instructions under an automated transfer program to exclude a restricted fund if you do not provide new instructions. Subject to applicable state law and the terms of each contract, we will apply the policy described above to all contract owners uniformly in all cases. We will notify you in writing after we impose any modification, restriction or suspension of your transfer rights. We cannot guarantee that we will be able to identify and restrict all market timing activity. Because we exercise discretion in applying the restrictions described above, we cannot guarantee that we will be able to restrict all market timing activity. In addition, state law and the terms of some contracts may prevent us from stopping certain market timing activity. Market timing activity that we are unable to identify and/or restrict may impact the performance of the underlying funds and may result in lower contract values. IN ADDITION TO THE MARKET TIMING POLICY DESCRIBED ABOVE, WHICH APPLIES TO TRANSFERS AMONG THE SUBACCOUNTS WITHIN YOUR CONTRACT, YOU SHOULD CAREFULLY REVIEW THE MARKET TIMING POLICIES AND PROCEDURES OF THE UNDERLYING FUNDS. THE MARKET TIMING POLICIES AND PROCEDURES OF THE UNDERLYING FUNDS MAY BE MATERIALLY DIFFERENT THAN THOSE WE IMPOSE ON TRANSFERS AMONG THE SUBACCOUNTS WITHIN YOUR CONTRACT AND MAY INCLUDE MANDATORY REDEMPTION FEES AS WELL AS OTHER MEASURES TO DISCOURAGE FREQUENT TRANSFERS. AS AN INTERMEDIARY FOR THE UNDERLYING FUNDS, WE ARE REQUIRED TO ASSIST THEM IN APPLYING THEIR MARKET TIMING POLICIES AND PROCEDURES TO TRANSACTIONS INVOLVING THE PURCHASE AND EXCHANGE OF FUND SHARES. THIS ASSISTANCE MAY INCLUDE BUT NOT BE LIMITED TO PROVIDING THE UNDERLYING FUND UPON REQUEST WITH YOUR SOCIAL SECURITY NUMBER, TAXPAYER IDENTIFICATION NUMBER OR OTHER UNITED STATES GOVERNMENT-ISSUED IDENTIFIER AND THE DETAILS OF YOUR -------------------------------------------------------------------------------- 40 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS CONTRACT TRANSACTIONS INVOLVING THE UNDERLYING FUND. AN UNDERLYING FUND, IN ITS SOLE DISCRETION, MAY INSTRUCT US AT ANY TIME TO PROHIBIT YOU FROM MAKING FURTHER TRANSFERS OF CONTRACT VALUE TO OR FROM THE UNDERLYING FUND, AND WE MUST FOLLOW THIS INSTRUCTION. WE RESERVE THE RIGHT TO ADMINISTER AND COLLECT ON BEHALF OF AN UNDERLYING FUND ANY REDEMPTION FEE IMPOSED BY AN UNDERLYING FUND. MARKET TIMING POLICIES AND PROCEDURES ADOPTED BY UNDERLYING FUNDS MAY AFFECT YOUR INVESTMENT IN THE CONTRACT IN SEVERAL WAYS, INCLUDING BUT NOT LIMITED TO: - Each fund may restrict or refuse trading activity that the fund determines, in its sole discretion, represents market timing. - Even if we determine that your transfer activity does not constitute market timing under the market timing policies described above which we apply to transfers you make under the contract, it is possible that the underlying fund's market timing policies and procedures, including instructions we receive from a fund, may require us to reject your transfer request. For example, while we disregard transfers permitted under any asset allocation, dollar-cost averaging and asset rebalancing programs that may be described in this prospectus, we cannot guarantee that an underlying fund's market timing policies and procedures will do so. Orders we place to purchase fund shares for the variable accounts are subject to acceptance by the fund. We reserve the right to reject without prior notice to you any transfer request if the fund does not accept our order. - Each underlying fund is responsible for its own market timing policies, and we cannot guarantee that we will be able to implement specific market timing policies and procedures that a fund has adopted. As a result, a fund's returns might be adversely affected, and a fund might terminate our right to offer its shares through the variable account. - Funds that are available as investment options under the contract may also be offered to other intermediaries who are eligible to purchase and hold shares of the fund, including without limitation, separate accounts of other insurance companies and certain retirement plans. Even if we are able to implement a fund's market timing policies, we cannot guarantee that other intermediaries purchasing that same fund's shares will do so, and the returns of that fund could be adversely affected as a result. FOR MORE INFORMATION ABOUT THE MARKET TIMING POLICIES AND PROCEDURES OF AN UNDERLYING FUND, THE RISKS THAT MARKET TIMING POSE TO THAT FUND, AND TO DETERMINE WHETHER AN UNDERLYING FUND HAS ADOPTED A REDEMPTION FEE, SEE THAT FUND'S PROSPECTUS. HOW TO REQUEST A TRANSFER OR SURRENDER 1 BY LETTER Send your name, contract number, Social Security Number or Taxpayer Identification Number* and signed request for a transfer or surrender to: RIVERSOURCE LIFE INSURANCE COMPANY 70100 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS, MN 55474 MINIMUM AMOUNT Transfers or surrenders: $250 or entire account balance MAXIMUM AMOUNT Transfers or surrenders: Contract value or entire account balance * Failure to provide your Social Security Number or Taxpayer Identification Number may result in mandatory tax withholding on the taxable portion of the distribution. 2 BY AUTOMATED TRANSFERS AND AUTOMATED PARTIAL SURRENDERS Your financial advisor can help you set up automated transfers or partial surrenders among your subaccounts or regular fixed account (if available). You can start or stop this service by written request or other method acceptable to us. You must allow 30 days for us to change any instructions that are currently in place. - Automated transfers to the GPAs, the regular fixed account or the Special DCA fixed account are not allowed. - Automated transfers from the regular fixed account to the subaccounts under an automated dollar-cost averaging arrangement may not exceed an amount that, if continued, would deplete the regular fixed account within 12 months. - Automated surrenders may be restricted by applicable law under some contracts. - You may not make additional purchase payments if automated partial surrenders are in effect. - Automated partial surrenders may result in IRS taxes and penalties on all or part of the amount surrendered. - The balance in any account from which you make an automated transfer or automated partial surrender must be sufficient to satisfy your instructions. If not, we will suspend your entire automated arrangement until the balance is adequate. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 41 - If we must suspend your automated transfer or automated partial surrender arrangement for six months, we reserve the right to discontinue the arrangement in its entirety. - If the PN program is in effect, you are not allowed to set up automated transfers except in connection with a Special DCA fixed account. - If you have a SecureSource rider or GWB for Life rider, you may set up automated partial surrenders up to the benefit amount available for withdrawal under the rider. MINIMUM AMOUNT Transfers or surrenders: $50 MAXIMUM AMOUNT Transfers or surrenders: None (except for automated transfers from the regular fixed account) 3 BY TELEPHONE Call: (800) 862-7919 TTY service for the hearing impaired: (800) 285-8846 MINIMUM AMOUNT Transfers or surrenders: $250 or entire account balance MAXIMUM AMOUNT Transfers: Contract value or entire account balance Surrenders: $100,000 We answer telephone requests promptly, but you may experience delays when the call volume is unusually high. If you are unable to get through, use the mail procedure as an alternative. We will honor any telephone transfer or surrender requests that we believe are authentic and we will use reasonable procedures to confirm that they are. This includes asking identifying questions and recording calls. We will not allow telephone surrender within 30 days of a phoned-in address change. As long as we follow the procedures, we (and our affiliates) will not be liable for any loss resulting from fraudulent requests. Telephone transfers or surrenders are automatically available. You may request that telephone transfers or surrenders not be authorized from your account by writing to us. SURRENDERS You may surrender all or part of your contract at any time before the settlement date by sending us a written request or calling us. We will process your surrender request on the valuation date we receive it. If we receive your surrender request in good order at our corporate office before the close of business, we will process your surrender using the accumulation unit value we calculate on the valuation date we received your surrender request. If we receive your surrender request at our corporate office at or after the close of business, we will process your surrender using the accumulation unit value we calculate on the next valuation date after we received your surrender request. We may ask you to return the contract. You may have to pay a contract administrative charge, surrender charges, or any applicable optional rider charges (see "Charges") and IRS taxes and penalties (see "Taxes"). You cannot take surrenders after annuity payouts begin except under Plan E (see "The Annuity Payout Period - Annuity Payout Plans"). Any partial surrenders you take under the contract will reduce your contract value. As a result, the value of your death benefit or any optional benefits you have elected also will be reduced. If you have elected the SecureSource Flex rider, please consider carefully when you take surrenders. If you take any withdrawals during the 3-year waiting period, your benefits will be set to zero until the end of the waiting period when they will be re-established based on your contract value at that time. Also, if you withdraw more than the allowed withdrawal amount in a contract year under the SecureSource Flex rider ("excess withdrawal"), the guaranteed amounts under the rider will be reduced. If you have elected the GWB for Life rider or SecureSource rider and your partial surrenders in any contract year exceed the permitted surrender amount under the terms of the GWB for Life rider or SecureSource rider, your benefits under the rider may be reduced (see "Optional Benefits"). Any partial surrender request that exceeds the amount allowed under the riders and impacts the guarantees provided, will not be considered in good order until we receive a signed Benefit Impact Acknowledgement form showing the projected effect of the surrender on the rider benefits or a verbal acknowledgement that you understand and accept the impacts that have been -------------------------------------------------------------------------------- 42 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS explained to you. In addition, surrenders you are required to take to satisfy the RMDs under the Code may reduce the value of certain death benefits and optional benefits (see "Taxes - Qualified Annuities - Required Minimum Distributions"). SURRENDER POLICIES If you have a balance in more than one account and you request a partial surrender, we will withdraw money from all your subaccounts and/or the regular fixed account, in the same proportion as your value in each account correlates to your total contract value, less any GPA or Special DCA fixed account, unless you request otherwise. We will not withdraw money for a partial surrender from any GPAs or Special DCA fixed account you may have, unless insufficient amounts are available from your subaccounts and/or regular fixed account. However, you may specifically request surrenders from a GPA or Special DCA fixed account. The minimum contract value after partial surrender is $600. If you elected a SecureSource rider, the minimum contract value after partial surrender is zero and you do not have the option to request from which account to surrender. RECEIVING PAYMENT 1 BY REGULAR OR EXPRESS MAIL - payable to you; - mailed to address of record. NOTE: We will charge you a fee if you request express mail delivery. 2 BY WIRE - request that payment be wired to your bank; - bank account must be in the same ownership as your contract; and - pre-authorization required. NOTE: We will charge you a fee if you request that payment be wired to your bank. For instructions, please contact your financial advisor. Normally, we will send the payment within seven days after receiving your request in good order. However, we may postpone the payment if: - the surrender amount includes a purchase payment check that has not cleared; - the NYSE is closed, except for normal holiday and weekend closings; - trading on the NYSE is restricted, according to SEC rules; - an emergency, as defined by SEC rules, makes it impractical to sell securities or value the net assets of the accounts; or - the SEC permits us to delay payment for the protection of security holders. TSA -- SPECIAL PROVISIONS PARTICIPANTS IN TAX-SHELTERED ANNUITIES If the contract is intended to be used in connection with an employer sponsored 403(b) plan, additional rules relating to this contract can be found in the annuity endorsement for tax sheltered 403(b) annuities. Unless we have made special arrangements with your employer, the contract is not intended for use in connection with an employer sponsored 403(b) plan that is subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). In the event that the employer either by affirmative election or inadvertent action causes contributions under a plan that is subject to ERISA to be made to this contract, we will not be responsible for any obligations and requirements under ERISA and the regulations thereunder, unless we have prior written agreement with the employer. You should consult with your employer to determine whether your 403(b) plan is subject to ERISA. In the event we have a written agreement with your employer to administer the plan pursuant to ERISA, special rules apply as set forth in the TSA endorsement. The employer must comply with certain nondiscrimination requirements for certain types of contributions under a TSA contract to be excluded from taxable income. You should consult your employer to determine whether the nondiscrimination rules apply to you. The Code imposes certain restrictions on your right to receive early distributions from a TSA: - Distributions attributable to salary reduction contributions (plus earnings) made after Dec. 31, 1988, or to transfers or rollovers from other contracts, may be made from the TSA only if: -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 43 - you are at least age 59 1/2; - you are disabled as defined in the Code; - you severed employment with the employer who purchased the contract; - the distribution is because of your death; - the distribution is due to plan termination; or - you are a military reservist. - If you encounter a financial hardship (as provided by the Code), you may be eligible to receive a distribution of all contract values attributable to salary reduction contributions made after Dec. 31, 1988, but not the earnings on them. - Even though a distribution may be permitted under the above rules, it may be subject to IRS taxes and penalties (see "Taxes"). - The above restrictions on distributions do not affect the availability of the amount credited to the contract as of Dec. 31, 1988. The restrictions also do not apply to transfers or exchanges of contract value within the contract, or to another registered variable annuity contract or investment vehicle available through the employer. - If the contract has a loan provision, the right to receive a loan is described in detail in your contract. Loans will not be available if you have selected the GWB for Life, SecureSource or Accumulation Benefit rider. CHANGING OWNERSHIP You may change ownership of your nonqualified annuity at any time by completing a change of ownership form we approve and sending it to our corporate office. If you are a natural person and you own a nonqualified annuity, you may change the annuitant or successor annuitant if the request is made before annuity payments begin and while the existing annuitant is living. The change will become binding on us when we receive and record it, subject to state limitations. We will honor any change of ownership request received in good order that we believe is authentic and we will use reasonable procedures to confirm authenticity. If we follow these procedures, we will not take any responsibility for the validity of the change. Please consider carefully whether or not you wish to change ownership of your nonqualified annuity if you have elected the ROPP, MAV, 5-Year MAV, EEB, EEP, Accumulation Benefit, GWB for Life or SecureSource riders. If you change ownership of your contract, we will terminate the ROPP and EEP. This includes both the EEP Part I benefits and the EEP Part II benefits. (See the description of these terms in "Optional Benefits".) In addition, the terms of the EEB, the MAV and the 5-Year MAV will change due to a change of ownership. If the new owner is older than age 75, the EEB will terminate. Otherwise, the EEB will effectively "start over." We will treat the EEB as if it is issued on the day the change of ownership is made, using the attained age of the new owner as the "issue age" to determine the benefit levels. The account value on the date of the ownership change will be treated as a "purchase payment" in determining future values of "earnings at death" under the EEB. If the new owner is older than age 75, the MAV and the 5-Year MAV will terminate. If the MAV or the 5-Year MAV on the date of ownership change is greater than the account value on the date of the ownership change, we will set the MAV or the 5-Year MAV equal to the account value. Otherwise, the MAV or the 5-Year MAV value will not change due to a change in ownership. The Accumulation Benefit rider, the GWB for Life rider and SecureSource - Single Life rider will continue upon change of ownership. The SecureSource - Joint Life rider, if selected, only allows transfer of the ownership of the annuity contract between covered spouses or their revocable trust(s). If ownership is transferred from a covered spouse to their revocable trust(s), the annuitant must be one of the covered spouses. For SecureSource rider and GWB for Life rider, any ownership change that impacts the guarantees provided will not be considered in good order until we receive a signed Benefit Impact Acknowledgement form showing the projected effect of the ownership change on the rider benefits or a verbal acknowledgement that you understand and accept the impacts that have been explained to you. No other ownership changes are allowed while this rider is in force. Please see the descriptions of these riders in "Optional Benefits." The rider charges described in "Charges" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force) for any rider that continues after a change of ownership. We reserve the right to assess charges for the number of days the rider was in force for any rider that is terminated due to a change of ownership. If you have a nonqualified annuity, you may incur income tax liability by transferring, assigning or pledging any part of it. (See "Taxes.") If you have a qualified annuity, you may not sell, assign, transfer, discount or pledge your contract as collateral for a loan, or as security for the performance of an obligation or for any other purpose except as required or permitted by the Code. However, if the owner is a trust or custodian, or an employer acting in similar capacity, ownership of the contract may be transferred to the annuitant. -------------------------------------------------------------------------------- 44 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS BENEFITS IN CASE OF DEATH -- STANDARD DEATH BENEFIT We will pay the death benefit to your beneficiary upon your death. If a contract has more than one person as the owner, we will pay benefits upon the first to die of any owner. If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary as follows: If you are age 75 or younger on the date we issue the contract, the beneficiary receives the greater of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or - purchase payments minus adjusted partial surrenders. If you are age 76 or older on the date we issue the contract, the beneficiary receives the contract value, less any purchase payment credits subject to reversal, less any applicable rider charges. ADJUSTED PARTIAL SURRENDERS PS X DB ------- CV
PS = amount by which the contract value is reduced as a result of the partial surrender. DB = the death benefit on the date of (but prior to) the partial surrender. CV = the contract value on the date of (but prior to) the partial surrender. EXAMPLE OF STANDARD DEATH BENEFIT CALCULATION WHEN YOU ARE AGE 75 OR YOUNGER ON THE CONTRACT EFFECTIVE DATE: - You purchase the contract with a payment of $20,000 - During the second contract year the contract value falls to $18,000, at which point you take a $1,500 partial surrender, leaving a contract value of $16,500. We calculate the death benefit as follows: The total purchase payments minus adjustments for partial surrenders: Total purchase payments $20,000 minus adjusted partial surrenders, calculated as: $1,500 x $20,000 ------------ = $18,000 -1,667 ------- for a standard death benefit of: $18,333 since this is greater than your contract value of $16,500
IF YOU DIE BEFORE YOUR SETTLEMENT DATE When paying the beneficiary, we will process the death claim on the valuation date that our death claim requirements are fulfilled. We will determine the contract's value using the accumulation unit value we calculate on that valuation date. We pay interest, if any, at a rate no less than required by law. If requested, we will mail payment to the beneficiary within seven days after our death claim requirements are fulfilled. NONQUALIFIED ANNUITIES If your spouse is sole beneficiary and you die before the settlement date, your spouse may keep the contract as owner with the contract value equal to the death benefit that would otherwise have been paid. To do this your spouse must, on the date our death claim requirements are fulfilled, give us written instructions to keep the contract in force. If your spouse elects to keep the contract as owner, the following describes the standard death benefit: - If your spouse was age 75 or younger as of the date we issued the contract, the beneficiary of your spouse's contract receives the greater of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or - purchase payments minus adjusted partial surrenders. If your spouse was age 76 or older as of the date we issued the contract, the beneficiary of your spouse's contract receives the contract value, less any purchase payment credits subject to reversal, less any applicable rider charges. If you elected any optional contract features or riders, your spouse and the new annuitant (if applicable) will be subject to all limitations and/or restrictions of those features or riders. The SecureSource Flex - Joint Life rider, if selected, will continue only if the spouse electing the spousal continuation provision of the contract is a covered spouse and continues the contract as -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 45 the new owner. The SecureSource Flex - Single Life rider terminates if a spouse chooses to continue the contract under the spousal continuation provision. The SecureSource - Joint Life rider, if selected, will continue only if the spouse electing the spousal continuation provision of the contract is a covered spouse and continues the contract as the new owner. We will not waive surrender charges on contracts continued under the spousal continuation provision. If your beneficiary is not your spouse, we will pay the beneficiary in a lump sum unless you give us other written instructions. Generally, we must fully distribute the death benefit within five years of your death. However, the beneficiary may receive payouts under any annuity payout plan available under this contract if: - the beneficiary asks us in writing within 60 days after the day on which all documents have been received that prove your death has occurred; and - payouts begin no later than one year after your death, or other date as permitted by the IRS; and - the payout period does not extend beyond the beneficiary's life or life expectancy. Additionally, the optional SecureSource rider, if selected, will terminate. QUALIFIED ANNUITIES - SPOUSE BENEFICIARY: If you have not elected an annuity payout plan, and if your spouse is the sole beneficiary, your spouse may either elect to treat the contract as his/her own with the contract value equal to the death benefit that would otherwise have been paid, or elect an annuity payout plan or another plan agreed to by us. If your spouse elects to treat the contract as his/her own, the following describes the standard death benefit: - If your spouse was age 75 or younger as of the date we issued the contract, the beneficiary of your spouse's contract receives the greater of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or - purchase payments minus adjusted partial surrenders. If your spouse was age 76 or older as of the date we issued the contract, the beneficiary of your spouse's contract receives the contract value, less any purchase payment credits subject to reversal, less any applicable rider charges. If your spouse elects a payout plan, the payouts must begin no later than the year in which you would have reached age 70 1/2. If you attained age 70 1/2 at the time of death, payouts must begin no later than Dec. 31 of the year following the year of your death. If you elected any optional contract features or riders, your spouse and the new annuitant (if applicable) will be subject to all limitations and/or restrictions of those features or riders. The SecureSource Flex -- Joint Life rider, if selected, will continue only if the spouse electing the spousal continuation provision of the contract is a covered spouse and continues the contract as the new owner. The SecureSource Flex -- Single Life rider terminates if a spouse chooses to continue the contract under the spousal continuation provision. The SecureSource -- Joint Life rider, if selected, will continue only if the spouse electing the spousal continuation provision of the contract is a covered spouse and continues the contract as the new owner. We will not waive surrender charges on contracts continued under the spousal continuation provision. - NON-SPOUSE BENEFICIARY: If you have not elected an annuity payout plan, and if death occurs prior to the year you would have attained age 70 1/2, the beneficiary may elect to receive payouts from the contract over a five year period. If your beneficiary does not elect a five year payout, or if your death occurs after attaining age 70 1/2, we will pay the beneficiary in a lump sum unless the beneficiary elects to receive payouts under any payout plan available under this contract if: - the beneficiary asks us in writing within 60 days after the day on which all documents have been received that prove your death has occurred; and - payouts begin no later than one year following the year of your death; and - the payout period does not extend beyond the beneficiary's life or life expectancy. Additionally, any optional riders, if selected, will terminate. In the event of your beneficiary's death, their beneficiary can elect to take a lump sum payment or to continue the alternative payment plan following the schedule of minimum withdrawals established based on the life expectancy of your beneficiary. - ANNUITY PAYOUT PLAN: If you elect an annuity payout plan, the payouts to your beneficiary will continue pursuant to the annuity payout plan you elect. -------------------------------------------------------------------------------- 46 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS DEATH BENEFIT PAYMENT IN A LUMP SUM: We may pay all or part of the death benefit to your beneficiary in a lump sum under either a nonqualified or qualified annuity. We will pay the death benefit by check unless your beneficiary has chosen to have the death benefit payment directly deposited into a checking account. We pay all proceeds by check (unless the beneficiary has chosen to have death benefit proceeds directly deposited into another Ameriprise Financial, Inc. account). If the beneficiary chooses the checking account option, the proceeds will be deposited into an interest bearing checking account issued by Ameriprise Bank, FSB, member FDIC, unless the beneficiary fails to meet the requirements of using this option. OPTIONAL BENEFITS The assets held in our general account support the guarantees under your contract, including optional death benefits and optional living benefits. To the extent that we are required to pay you amounts in addition to your contract value under these benefits, such amounts will come from our general account assets. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of insurance and financial products as well, and we also pay our obligations under these products from assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. OPTIONAL DEATH BENEFITS RETURN OF PURCHASE PAYMENTS DEATH BENEFIT (ROPP) The ROPP is intended to provide additional death benefit protection in the event of fluctuating fund values. This is an optional benefit that you may select for an additional annual charge (see "Charges"). If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary the greater of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or - purchase payments minus adjusted partial surrenders. If you are age 76 or older at contract issue, you may choose to add the ROPP to your contract. Generally, you must elect the ROPP at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the ROPP may be after we issue the contract according to terms determined by us and at our sole discretion. We reserve the right to discontinue offering the ROPP for new contracts. When annuity payouts begin, or if you terminate the contract for any reason other than death, this rider will terminate. TERMINATING THE ROPP - You may terminate the ROPP rider within 30 days of the first rider anniversary. - You may terminate the ROPP rider within 30 days of any rider anniversary beginning with the seventh rider anniversary. - The ROPP rider will terminate when you make a full surrender from the contract or when annuity payouts begin. If you terminate the ROPP, the standard death benefit applies thereafter. For an example, see Appendix D. IF YOUR SPOUSE IS THE SOLE BENEFICIARY, he or she may keep the contract as owner with the contract value equal to the death benefit that would otherwise have been paid under the ROPP. To do this your spouse must, on the date our death claim requirements are fulfilled, give us written instructions to keep the contract in force. IF YOUR SPOUSE WAS AGE 76 OR OLDER AS OF THE DATE WE ISSUED THE CONTRACT, he or she may choose to continue the ROPP. In that case, the ROPP rider charges described in "Charges -- ROPP Rider Fee" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary. Your spouse also has the option of discontinuing the ROPP rider within 30 days of the date he or she elects to continue the contract. If your spouse is age 75 or younger as of the date we issued the contract, the ROPP will terminate. NOTE: For special tax considerations associated with the ROPP, see "Taxes." MAXIMUM ANNIVERSARY VALUE DEATH BENEFIT (MAV) The MAV is intended to provide additional death benefit protection in the event of fluctuating fund values. This is an optional benefit that you may select for an additional annual charge (see "Charges"). The MAV does not provide any additional benefit before the first contract anniversary after the rider effective date. The MAV may be of less value if you are older since we stop resetting the maximum anniversary value at age 81. Although we stop resetting the maximum anniversary value at age 81, the MAV rider charge continues to apply until the rider terminates. In addition, the MAV does not provide any additional benefit with respect to the GPAs, regular fixed account or Special DCA fixed account values during the time you -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 47 have amounts allocated to these accounts. Be sure to discuss with your financial advisor whether or not the MAV is appropriate for your situation. If you are age 75 or younger at contract issue, you may choose to add the MAV to your contract. Generally, you must elect the MAV at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the MAV may be after we issue the contract according to terms determined by us and at our sole discretion. We reserve the right to discontinue offering the MAV for new contracts. On the first contract anniversary after the rider effective date we set the maximum anniversary value equal to the highest of your (a) current contract value, or (b) total purchase payments minus adjusted partial surrenders. Thereafter, we increase the maximum anniversary value by any additional purchase payments and reduce it by adjusted partial surrenders. Every contract anniversary after that prior to your 81st birthday, we compare the maximum anniversary value to the current contract value and we reset the maximum anniversary value to the higher amount. If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary the greatest of: - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or - purchase payments minus adjusted partial surrenders; or - the maximum anniversary value. TERMINATING THE MAV - You may terminate the MAV rider within 30 days of the first rider anniversary. - You may terminate the MAV rider within 30 days of any rider anniversary beginning with the seventh rider anniversary. - The MAV rider will terminate when you make a full surrender from the contract or when annuity payouts begin. - The MAV rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older. If you terminate the MAV, the standard death benefit applies thereafter. For an example, see Appendix D. IN GENERAL, IF YOUR SPOUSE IS THE SOLE BENEFICIARY, your spouse may choose to continue the contract as the contract owner. The contract value will be equal to the death benefit that would otherwise have been paid under the MAV. To do this your spouse must give us written instructions to keep the contract in force on the date our death claim requirements are fulfilled. If your spouse has reached age 76 at the time he or she elects to continue the contract, the MAV rider will terminate. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract, he or she may choose to continue the MAV rider. In this case, the rider charges described in "Charges" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the MAV rider. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract and chooses not to continue the MAV rider, the contract value will be increased to the MAV death benefit amount if it is greater than the contract value on the death benefit valuation date. MAXIMUM FIVE YEAR ANNIVERSARY VALUE DEATH BENEFIT (5-YEAR MAV) The 5-Year MAV is intended to provide additional death benefit protection in the event of fluctuating fund values. This is an optional benefit that you may select for an additional annual charge (see "Charges"). The 5-Year MAV does not provide any additional benefit before the fifth contract anniversary after the rider effective date. The 5-Year MAV may be of less value if you are older since we stop resetting the maximum five year anniversary value at age 81. Although we stop resetting the maximum five year anniversary value at age 81, the 5-Year MAV rider charge continues to apply until the rider terminates. In addition, the 5- Year MAV does not provide any additional benefit with respect to the GPAs, regular fixed account or Special DCA fixed account values during the time you have amounts allocated to these accounts. Be sure to discuss with your financial advisor whether or not the 5-Year MAV is appropriate for your situation. If you are age 75 or younger at contract issue, you may choose to add the 5-Year MAV to your contract. Generally, you must elect the 5-Year MAV at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the 5-Year MAV may be after we issue the contract according to terms determined by us and at our sole discretion. We reserve the right to discontinue offering the 5-Year MAV for new contracts. On the fifth contract anniversary after the rider effective date we set the maximum five year anniversary value equal to the highest of your (a) current contract value, or (b) total purchase payments minus adjusted partial surrenders. Thereafter, we increase the maximum anniversary value by any additional purchase payments and reduce it by adjusted partial surrenders. Every fifth contract anniversary after that, through age 80, we compare the maximum five year anniversary value to the current contract value and we reset the maximum five year anniversary value to the higher amount. If you die before annuity payouts begin while this contract is in force, we will pay the beneficiary the greatest of: -------------------------------------------------------------------------------- 48 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS - contract value, less any purchase payment credits subject to reversal, less any applicable rider charges; or - purchase payments minus adjusted partial surrenders; or - the maximum five year anniversary value. TERMINATING THE 5-YEAR MAV - You may terminate the 5-Year MAV rider within 30 days of the first rider anniversary. - You may terminate the 5-Year MAV rider within 30 days of any rider anniversary beginning with the seventh rider anniversary. - The 5-Year MAV rider will terminate when you make a full surrender from the contract or when annuity payouts begin. - The 5-Year MAV rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older. If you terminate the 5-Year MAV, the standard death benefit applies thereafter. For an example, see Appendix D. IN GENERAL, IF YOUR SPOUSE IS THE SOLE BENEFICIARY, your spouse may choose to continue the contract as the contract owner. The contract value will be equal to the death benefit that would otherwise have been paid under the 5-Year MAV. To do this your spouse must give us written instructions to keep the contract in force on the date our death claim requirements are fulfilled. If your spouse has reached age 76 at the time he or she elects to continue the contract, the 5-Year MAV rider will terminate. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract, he or she may choose to continue the 5-Year MAV rider. In this case, the rider charges described in "Charges" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the 5-Year MAV rider. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract and if he or she chooses not to continue the 5-Year MAV rider, the contract value will be increased to the 5-Year MAV death benefit amount if it is greater than the contract value on the death benefit valuation date. ENHANCED EARNINGS DEATH BENEFIT (EEB) The EEB is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. This is an optional benefit that you may select for an additional annual charge (see "Charges"). The EEB provides for reduced benefits if you are age 70 or older at the rider effective date and it does not provide any additional benefit before the first rider anniversary. The EEB also may result in reduced benefits if you take RMDs (see "Taxes -- Qualified Annuities -- Required Minimum Distributions") from your qualified annuity or any partial surrenders during the life of your contract, both of which may reduce contract earnings. This is because the benefit paid by the EEB is determined by the amount of earnings at death. Be sure to discuss with your financial advisor and your tax advisor whether or not the EEB is appropriate for your situation. If this EEB rider is available in your state and you are age 75 or younger at the rider effective date, you may choose to add the EEB to your contract. Generally, you must elect the EEB at the time you purchase your contract and your rider effective date will be the contract issue date. In some instances the rider effective date for the EEB may be after we issue the contract according to terms determined by us and at our sole discretion. You may not select this rider if you select the EEP. We reserve the right to discontinue offering the EEB for new contracts. The EEB provides that if you die after the first rider anniversary, but before annuity payouts begin, and while this contract is in force, we will pay the beneficiary: - the standard death benefit amount (see "Benefits in Case of Death -- Standard Benefit"), the MAV death benefit amount, if applicable, or the 5-Year MAV death benefit amount, if applicable, PLUS - 40% of your earnings at death if you were under age 70 on the rider effective date; or - 15% of your earnings at death if you were age 70 or older on the rider effective date. Additional death benefits payable under the EEB are not included in the adjusted partial surrender calculation. EARNINGS AT DEATH FOR THE EEB AND EEP: If the rider effective date for the EEB or EEP is the contract issue date, earnings at death is an amount equal to: - the standard death benefit amount, the MAV death benefit amount, or the 5-Year MAV death benefit amount if applicable (the "death benefit amount") - MINUS purchase payments not previously surrendered. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 49 The earnings at death may not be less than zero and may not be more than 250% of the purchase payments not previously surrendered that are one or more years old. If the rider effective date for the EEB is AFTER the contract issue date, earnings at death is an amount equal to the death benefit amount - MINUS the greater of: (a) the contract value as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that contract value since that rider effective date; or (b) an amount equal to the death benefit amount as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that death benefit amount since that rider effective date - PLUS any purchase payments made on or after the EEB rider effective date not previously surrendered. The earnings at death may not be less than zero and may not be more than 250% multiplied by: - the greater of: (a) the contract value as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that contract value since that rider effective date; or (b) an amount equal to the death benefit amount as of the EEB rider effective date (determined before we apply any purchase payment or purchase payment credit), less any surrenders of that death benefit amount since that rider effective date - PLUS any purchase payments made on or after the EEB rider effective date not previously surrendered that are one or more years old. TERMINATING THE EEB - You may terminate the EEB rider within 30 days of the first rider anniversary. - You may terminate the EEB rider within 30 days of any rider anniversary beginning with the seventh rider anniversary. - The EEB rider will terminate when you make a full surrender from the contract or when annuity payouts begin. - The EEB rider will terminate in the case of spousal continuation or ownership change if the new owner is age 76 or older. For an example, see Appendix D. IN GENERAL, IF YOUR SPOUSE IS THE SOLE BENEFICIARY and if your spouse chooses to continue the contract as the contract owner, we will pay an amount into the contract so that the contract value equals the total death benefit payable under the EEB. If your spouse is age 76 or older at the time he or she elects to continue the contract, then the EEB rider will terminate. If your spouse is less than age 76 at the time he or she elects to continue the contract, he or she may choose to continue the EEB. In this case, the following conditions will apply: - the EEB rider will continue, but we will treat the new contract value on the date the ownership of the contract changes to your spouse (after the additional amount is paid into the contract) as if it is a purchase payment in calculating future values of "earnings at death." - the percentages of "earnings at death" payable will be based on your spouse's age at the time he or she elects to continue the contract. - the EEB rider charges described in "Charges -- EEB Rider Fee" will be assessed at the next contract anniversary (and all future anniversaries when the rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the EEB rider. NOTE: For special tax considerations associated with the EEB, see "Taxes." ENHANCED EARNINGS PLUS DEATH BENEFIT (EEP) The EEP is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. This is an optional benefit that you may select for an additional annual charge (see "Charges"). The EEP provides for reduced benefits if you are age 70 or older at the rider effective date. It does not provide any additional benefit before the first rider anniversary, and it does not provide any benefit beyond what is offered under the EEB during the second rider year. The EEP also may result in reduced benefits if you take RMDs (see "Taxes -- Qualified Annuities -- Required Minimum Distributions") from your qualified annuity or any partial surrenders during the life of your contract, both of which may reduce contract earnings. This is because part of the benefit paid by the EEP is determined by the amount of earnings at death. Be sure to discuss with your financial advisor and your tax advisor whether or not the EEP is appropriate for your situation. -------------------------------------------------------------------------------- 50 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS If this EEP rider is available in your state and if you are age 75 or younger at contract issue, you may choose to add the EEP to your contract. You must elect the EEP at the time you purchase your contract and your rider effective date will be the contract issue date. THIS RIDER IS ONLY AVAILABLE UNDER ANNUITIES PURCHASED THROUGH AN EXCHANGE OR DIRECT TRANSFER FROM ANOTHER ANNUITY OR A LIFE INSURANCE POLICY. You may not select this rider if you select the EEB. We reserve the right to discontinue offering the EEP for new contracts. The EEP provides that if you die after the first rider anniversary, but before annuity payouts begin, and while this contract is in force, we will pay the beneficiary: - EEP Part I benefits, which equal the benefits payable under the EEB described above; PLUS - EEP Part II benefits, which equal a percentage of exchange purchase payments identified at issue and not previously surrendered as follows:
PERCENTAGE IF YOU ARE PERCENTAGE IF YOU ARE RIDER YEAR UNDER AGE 70 ON THE RIDER EFFECTIVE DATE 70 OR OLDER ON THE RIDER EFFECTIVE DATE One and Two 0% 0% Three and Four 10% 3.75% Five or more 20% 7.5%
Additional death benefits payable under the EEP are not included in the adjusted partial surrender calculation. If no exchange purchase payments have been received after 6 months, we will contact you and you will have an additional 30 days to follow-up on exchange purchase payments identified at issue but not received by us. If we have not received any exchange purchase payments after these 30 days, we will convert the EEP rider into an EEB. Another way to describe the benefits payable under the EEP rider is as follows: - the standard death benefit amount (see "Benefits in Case of Death -- Standard Death Benefit"), the MAV death benefit amount, or 5-Year MAV death benefit amount, if applicable, PLUS
IF YOU ARE UNDER AGE 70 IF YOU ARE AGE 70 RIDER YEAR ON THE RIDER EFFECTIVE DATE, ADD . . . OR OLDER ON THE RIDER EFFECTIVE DATE, ADD . . . One Zero Zero Two 40% x earnings at death (see above) 15% x earnings at death Three and Four 40% x (earnings at death + 25% of exchange 15% x (earnings at death + 25% of exchange purchase payment*) purchase payment*) Five or more 40% x (earnings at death + 50% of exchange 15% x (earnings at death + 50% of exchange purchase payment*) purchase payment*)
* Exchange purchase payments are purchase payments exchanged from another annuity or policy that are identified at issue and not previously surrendered. We are not responsible for identifying exchange purchase payments if we did not receive proper notification from the company from which the purchase payments are exchanged. TERMINATING THE EEP - You may terminate the EEP rider within 30 days of the first rider anniversary after the rider effective date. - You may terminate the EEP rider within 30 days of any rider anniversary beginning with the seventh rider anniversary. - The EEP rider will terminate when you make a full surrender from the contract or when annuity payouts begin. - The EEP rider will terminate in the case of an ownership change. - The EEP rider will terminate in the case of the spousal continuation if the new owner is age 76 or older. For an example, see Appendix D. IN GENERAL, IF YOUR SPOUSE IS THE SOLE BENEFICIARY and if your spouse chooses to continue the contract as the contract owner, we will pay an amount into the contract so that the contract value equals the total death benefit payable under the EEP. If your spouse has reached age 76 at the time he or she elects to continue the contract, the EEP rider will terminate. If your spouse has not yet reached age 76 at the time he or she elects to continue the contract, he or she cannot continue the EEP. However, he or she may choose to convert the EEP rider into an EEB. In this case, the following conditions will apply: - the EEB rider will treat the new contract value on the date the ownership of the contract changes to your spouse (after the additional amount is paid into the contract) as if it is a purchase payment in calculating future values of "earnings at death." - the percentages of "earnings at death" payable will be based on your spouse's age at the time he or she elects to continue the contract. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 51 - the EEB rider charges described in "Charges -- EEB Rider Fee" will be assessed at the next contract anniversary (and all future anniversaries when the EEB rider is in force). These charges will be based on the total contract value on the anniversary, including the additional amounts paid into the contract under the EEP rider. If your spouse chooses not to convert the EEP rider into an EEB, the standard death benefit amount (or the MAV or 5-Year MAV death benefit amount, if applicable,) will apply. NOTE: For special tax considerations associated with the EEP, see "Taxes." OPTIONAL LIVING BENEFITS -- CURRENTLY OFFERED SECURESOURCE FLEX RIDERS THE SECURESOURCE FLEX RIDERS ARE NOT AVAILABLE FOR RAVA 4 ACCESS. This is an optional benefit that you can add to your contract for an additional charge. The benefit is intended to provide to you, after the waiting period, a specified withdrawal amount annually for life, even if your contract value is zero, subject to the terms and provisions described in this section. The SecureSource Flex rider may be appropriate for you if you intend to make periodic withdrawals from your annuity contract and wish to ensure that market performance will not adversely affect your ability to withdraw your principal over time. This benefit is intended for assets you plan to hold and let accumulate for at least three years. If you take any withdrawals during the 3- year waiting period, your benefits will be set to zero until the end of the waiting period when they will be re-established based on your contract value at that time. There are two optional SecureSource Flex riders available under your contract: - SecureSource Flex -- Single Life; or - SecureSource Flex -- Joint Life. The information in this section applies to both Secure Source Flex riders, unless otherwise noted. For the purpose of this rider, the term "withdrawal" is equal to the term "surrender" in the contract or any other riders. Withdrawals will adjust contract values and benefits in the same manner as surrenders. The SecureSource Flex -- Single Life rider covers one person. The SecureSource Flex -- Joint Life Rider covers two spouses jointly who are named at contract issue. You may elect only the SecureSource Flex -- Single Life rider or the SecureSource Flex -- Joint Life rider, not both, and you may not switch riders later. You must elect the rider when you purchase your contract. The rider effective date will be the contract issue date. The SecureSource Flex rider is an optional benefit that you may select, if approved in your state, for an additional annual charge if: - you purchase your contract on or after Sept. 14, 2009; and - SINGLE LIFE: you are 80 or younger on the date the contract is issued or if an owner is a non-natural person, then the annuitant is age 80 or younger; or - JOINT LIFE: you and your spouse are 80 or younger on the date the contract is issued. The SecureSource Flex riders are not available under an inherited qualified annuity, The SecureSource Flex rider guarantees that after the waiting period, regardless of the investment performance of your contract, you will be able to withdraw up to a certain amount each year from the contract before the annuity payouts begin until: - SINGLE LIFE: until death (see "At Death" heading below) or until the depletion of the basic benefit. - JOINT LIFE: until the death of the last surviving covered spouse (see "Joint Life only: Covered Spouses" and "At Death" headings below) or until the depletion of the basic benefit. KEY TERMS The key terms associated with the SecureSource Flex rider are: ANNUAL LIFETIME PAYMENT (ALP): the lifetime benefit amount available each contract year after the waiting period and until your death (JOINT LIFE: the death of both covered spouses) or termination of the rider. After the waiting period, the annual withdrawal amount guaranteed by the rider can vary each contract year. The maximum ALP is $300,000. ANNUAL LIFETIME PAYMENT ATTAINED AGE (ALPAA): the age at which the lifetime benefit is established. GUARANTEED BENEFIT AMOUNT (GBA): the total cumulative withdrawals guaranteed by the rider under the basic benefit. The maximum GBA is $5,000,000. The GBA cannot be withdrawn or annuitized and is not payable as a death benefit. It is an interim value used to calculate the amount available for withdrawals each year after the waiting period under the basic benefit (see "Guaranteed Benefit Payment" below). At any time, the total GBA is the sum of the individual GBAs associated with each purchase payment. -------------------------------------------------------------------------------- 52 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS GUARANTEED BENEFIT PAYMENT (GBP): the basic benefit amount available each contract year after the waiting period until the RBA is reduced to zero. After the waiting period the annual withdrawal amount guaranteed by the rider can vary each contract year. REMAINING ANNUAL LIFETIME PAYMENT (RALP): as you make withdrawals during a contract year, the remaining amount that the rider guarantees will be available for withdrawal that year is reduced. The RALP is the lifetime benefit amount that can be withdrawn during the remainder of the current contract year. REMAINING BENEFIT AMOUNT (RBA): each withdrawal you make reduces the amount that is guaranteed by the rider for future withdrawals. At any point in time, the RBA equals the amount of GBA that remains available for withdrawals for the remainder of the contract's life, and total RBA is the sum of the individual RBAs associated with each purchase payment. The maximum RBA is $5,000,000. REMAINING BENEFIT PAYMENT (RBP): as you make withdrawals during a contract year, the remaining amount that the rider guarantees will be available for withdrawal that year is reduced. The RBP is the basic benefit amount that can be withdrawn during the remainder of the current contract year. WAITING PERIOD: the period of time before you can take a withdrawal without affecting benefits under the rider. The waiting period starts on the rider effective date and ends on the day prior to the third rider anniversary. WITHDRAWAL ADJUSTMENT BASE (WAB): one of the components used to determine the GBP Percentage and ALP Percentage. The WAB cannot be withdrawn or annuitized and is not payable as a death benefit. WITHDRAWAL: the amount by which your contract value is reduced as a result of any withdrawal request. It may differ from the amount of your request due to any surrender charge and any market value adjustment. DESCRIPTION OF THE SECURESOURCE FLEX RIDER Before the lifetime benefit is established, the annual withdrawal amount guaranteed by the riders after the waiting period is the basic benefit amount. After the lifetime benefit is established and after the waiting period, the riders guarantee that you have the option each contract year to cumulatively withdraw an amount up to the lifetime benefit amount or the basic benefit amount, but the riders do not guarantee withdrawal of both in a contract year. The lifetime withdrawal benefit is established automatically: - SINGLE LIFE: on the rider anniversary date after the covered person reaches age 65, or on the rider effective date if the covered person is age 65 or older on the rider effective date (see "Annual Lifetime Payment Attained Age (ALPAA)" heading below); - JOINT LIFE: on the rider anniversary date after the younger covered spouse reaches age 65, or on the rider effective date if the younger covered spouse is age 65 or older on the rider effective date (see "Annual Lifetime Payment Attained Age (ALPAA)" and "Annual Lifetime Payments (ALP)" headings below). The basic benefit amount and the lifetime benefit amount can vary based on the relationship of your contract value to the Withdrawal Adjustment Base (WAB). When the first withdrawal is taken each contract year after the waiting period, the percentages used to determine the benefit amounts are set and fixed for the remainder of that year. If you withdraw less than the allowed withdrawal amount in a contract year, the unused portion cannot be carried over to the next year. If you withdraw more than the allowed withdrawal amount in a contract year, we call this an "excess withdrawal" under the rider. Excess withdrawals trigger an adjustment of a benefit's guaranteed amount, which may cause it to be reduced (see "GBA Excess Withdrawal Processing," "RBA Excess Withdrawal Processing," and "ALP Excess Withdrawal Processing" headings below). Please note that basic benefit and lifetime benefit each has its own definition of the allowed annual withdrawal amount. Therefore a withdrawal may be considered an excess withdrawal for purposes of the lifetime benefit only, the basic benefit only, or both. At any time after the waiting period, as long as your withdrawal does not exceed the greater of the basic benefit amount or the lifetime benefit amount, if established, you will not be assessed a surrender charge or any market value adjustment. If your withdrawals exceed the greater of the RBP or the RALP, surrender charges under the terms of the contract may apply (see "Charges -- Surrender Charges"). The amount we actually deduct from your contract value will be the amount you request plus any applicable surrender charge. Market value adjustments, if applicable, will also be made (see "Guarantee Period Accounts (GPAs) -- Market Value Adjustment"). We pay you the amount you request. Any withdrawals you take under the contract will reduce the value of the death benefits (see "Benefits in Case of Death"). Upon full withdrawal, you will receive the remaining contract value less any applicable charges (see "Making the Most of Your Contract -- Surrenders"). -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 53 Subject to conditions and limitations, an annual step-up can increase the basic benefit amount and the lifetime benefit amount, if your contract value has increased on a rider anniversary. The values associated with the basic benefit are GBA, RBA, GBP and RBP. The values associated with the lifetime benefit are ALP and RALP. ALP and GBP are similar in that they are the annual withdrawal amount for each benefit after the waiting period. RALP and RBP are similar in that they are the remaining amount that can be withdrawn during the current contract year for each benefit. IMPORTANT SECURESOURCE FLEX RIDER CONSIDERATIONS You should consider whether a SecureSource Flex rider is appropriate for you taking into account the following considerations: - LIFETIME BENEFIT LIMITATIONS: The lifetime benefit is subject to certain limitations, including but not limited to: (a) SINGLE LIFE: Once the contract value equals zero, payments are made for as long as the covered person is living (see "If Contract Value Reduces to Zero" heading below). However, if the contract value is greater than zero, the lifetime benefit terminates at the first death of any owner even if the covered person is still living (see "At Death" heading below). Therefore, if there are multiple contract owners, the lifetime benefit will terminate when one of the contract owners dies even though other contract owners are still living JOINT LIFE: Once the contract value equals zero, payments are made for as long as either covered spouse is living (see "If Contract Value Reduces to Zero" heading below). However, if the contract value is greater than zero, the lifetime benefit terminates at the death of the last surviving covered spouse (see "At Death" heading below). (b) Excess withdrawals can reduce the ALP to zero even though the GBA, RBA, GBP and/or RBP values are greater than zero. If both the ALP and the contract value are zero, the lifetime benefit will terminate. (c) When the lifetime benefit is first established the initial ALP is based on the basic benefit's RBA at that time (see "Annual Lifetime Payment (ALP)" heading below). Any withdrawal you take before the ALP is established reduces the RBA and therefore may result in a lower amount of lifetime withdrawals you are allowed to take. (d) Withdrawals can reduce both the contract value and the RBA to zero prior to the establishment of the ALP. If this happens, the contract and the rider will terminate. - WITHDRAWALS: Please consider carefully when you start taking withdrawals from this rider. If you take any withdrawals during the 3-year waiting period, your benefits will be set to zero until the end of the waiting period when they will be re-established based on your contract value at that time. The first withdrawal request within the 3-year waiting period must be submitted in writing. Also, after the waiting period if you withdraw more than the allowed withdrawal amount in a contract year ("excess withdrawal"), the guaranteed amounts under the rider may be reduced. - USE OF PORTFOLIO NAVIGATOR PROGRAM REQUIRED: You must be invested in one of the available PN program investment options. This requirement limits your choice of investments. This means you will not be able to allocate contract value to all of the subaccounts, GPAs or the regular fixed account that are available under the contract to contract owners who do not elect the rider. (See "Making the Most of Your Contract -- Portfolio Navigator Program.") You may allocate purchase payments to the Special DCA fixed account, when available, and we will make monthly transfers into the investment option you have chosen. You may make two elective investment option changes per contract year; we reserve the right to limit investment option changes if required to comply with the written instructions of a fund (see "Market Timing"). You can allocate your contract value to any available investment option during the following times: (1) prior to your first withdrawal and (2) following a benefit reset due to an investment option change as described below but prior to any subsequent withdrawal. During these accumulation phases, you may request to change your investment option to any available investment option. Immediately following a withdrawal your contract value will be reallocated to the target investment option classification as shown in your contract if your current investment option is more aggressive than the target investment option classification. If you are in the static model portfolio, this reallocation will be made to the applicable fund of funds investment option. This automatic reallocation is not included in the total number of allowed investment option changes per contract year and will not cause your rider fee to increase. The target investment option classification is currently the Moderate investment option. We reserve the right to change the target investment option classification to an investment option that is more aggressive than the Moderate investment option after 30 days written notice. After you have taken a withdrawal and prior to any benefit reset as described below, you are in a withdrawal phase. During withdrawal phases you may request to change your investment option to the target investment option or investment option that is more conservative than the Moderate investment option without a benefit reset as described below. If you are in a withdrawal phase and you choose to allocate your contract value to an investment option that is more aggressive than the -------------------------------------------------------------------------------- 54 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS target investment option, you will be in the accumulation phase again. If this is done after the waiting period, your rider benefit will be reset as follows: (a) the total GBA will be reset to the contract value, if your contract value is less; and (b) the total RBA will be reset to the contract value, if your contract value is less; and (c) the ALP, if established, will be reset to your current ALP Percentage (either 6% or 5% as described under "GBP Percentage and ALP Percentage" heading below) times the contract value, if this amount is less than the current ALP; and (d) the GBP will be recalculated as described below, based on the reset GBA and RBA; and (e) the RBP will be recalculated as the reset GBP less all prior withdrawals taken during the current contract year, but not less than zero; and (f) the RALP will be recalculated as the reset ALP less all prior withdrawals taken during the current contract year, but not less than zero; and (g) the WAB will be reset as follows: - if the ALP has not been established, the WAB will be equal to the reset GBA. - if the ALP has been established, the WAB will be equal to the reset ALP, divided by the current ALP Percentage. You may request to change your investment option by written request on an authorized form or by another method agreed to by us. - NON-CANCELABLE: Once elected, the SecureSource Flex rider may not be cancelled (except as provided under "Rider Termination" heading below) and the fee will continue to be deducted until the contract or rider is terminated or the contract value reduces to zero (described below). Dissolution of marriage does not terminate the SecureSource Flex -- Joint Life rider and will not reduce the fee we charge for this rider. The benefit under the SecureSource Flex -- Joint Life rider continues for the covered spouse who is the owner of the contract (or annuitant in the case of nonnatural ownership). The rider will terminate at the death of the contract owner (or annuitant in the case of nonnatural ownership) because the original covered spouse will be unable to elect the spousal continuation provision of the contract (see "Joint Life only: Covered Spouses" below). - JOINT LIFE: LIMITATIONS ON CONTRACT OWNERS, ANNUITANTS AND BENEFICIARIES: Since the joint life benefit will terminate unless the surviving covered spouse continues the contract under the spousal option to continue the contract upon the owner's death provision, only ownership arrangements that permit such continuation, are allowed at rider issue. In general, the covered spouses should be joint owners, or one covered spouse should be the owner and the other covered spouse should be named as the sole primary beneficiary. For non-natural ownership arrangements that allow for spousal continuation one covered spouse should be the annuitant and the other covered spouse should be the sole primary beneficiary. For revocable trust ownerships, the grantor of the trust must be the annuitant and the beneficiary must either be the annuitant's spouse or a trust that names the annuitant's spouse as the sole primary beneficiary. You are responsible for establishing ownership arrangements that will allow for spousal continuation. If you select the SecureSource Flex -- Joint Life rider, please consider carefully whether or not you wish to change the beneficiary of your annuity contract. The rider will terminate if the surviving covered spouse cannot utilize the spousal continuation provision of the contract when the death benefit is payable. - LIMITATIONS ON PURCHASE PAYMENTS: We reserve the right to limit the cumulative amount of purchase payments, subject to state restrictions. For current purchase payment restrictions, please see "Buying Your Contract -- Purchase Payments". - INTERACTION WITH TOTAL FREE AMOUNT (TFA) CONTRACT PROVISION: The TFA is the amount you are allowed to withdraw from the contract in each contract year without incurring a surrender charge (see "Charges -- Surrender Charge"). The TFA may be greater than the RBP or RALP under this rider. Any amount you withdraw under the contract's TFA provision that exceeds the RBP or RALP is subject to the excess withdrawal processing described below for the GBA, RBA and ALP. Also, any amount you withdraw during the waiting period will set all benefits under the rider to zero until the end of the waiting period when they will be reestablished based on the contract value at that time. You should consult your tax advisor before you select this optional rider if you have any questions about the use of the rider in your tax situation because: - TAX CONSIDERATIONS FOR NONQUALIFIED ANNUITIES: Under current federal income tax law, withdrawals under nonqualified annuities, including withdrawals taken from the contract under the terms of the rider, are treated less favorably than amounts received as annuity payments under the contract (see "Taxes -- Nonqualified Annuities"). Withdrawals are taxable income to the extent of earnings. Withdrawals of earnings before age 59 1/2 may incur a 10% IRS early withdrawal penalty. You should -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 55 consult your tax advisor before you select this optional rider if you have any questions about the use of the rider in your tax situation. - TAX CONSIDERATIONS FOR QUALIFIED ANNUITIES: Qualified annuities have minimum distribution rules that govern the timing and amount of distributions from the annuity contract (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). If you have a qualified annuity, you may need to take an RMD during the waiting period and such withdrawals will set all benefits under the rider to zero until the end of the waiting period when they will be reestablished based on the contract value at that time. While the rider permits certain excess withdrawals to be taken after the waiting period for the purpose of satisfying RMD requirements for your contract alone without reducing future benefits guaranteed under the rider, there can be no guarantee that changes in the federal income tax law after the effective date of the rider will not require a larger RMD to be taken, in which case, future guaranteed withdrawals under the rider could be reduced. See Appendix F for additional information. - LIMITATIONS ON TSAS: Your right to take withdrawals is restricted if your contract is a TSA (see "TSA -- Special Provisions"). BASIC BENEFIT DESCRIPTION THE GBA AND RBA ARE DETERMINED AT THE FOLLOWING TIMES, SUBJECT TO THE MAXIMUM AMOUNT OF $5,000,000, CALCULATED AS DESCRIBED: - At contract issue -- the GBA and RBA are equal to the initial purchase payment, plus any purchase payment credit. - When you make additional purchase payments -- If a withdrawal is taken during the waiting period, the GBA and RBA will not change when a subsequent purchase payment is made during the waiting period. Prior to any withdrawal during the waiting period and after the waiting period, each additional purchase payment will have its own GBA and RBA established equal to the amount of the purchase payment, plus any purchase payment credit. - At step up -- (see "Annual Step Up" heading below). - At spousal continuation -- (see "Spousal Option to Continue the Contract upon Owner's Death" heading below). - When an individual RBA is reduced to zero -- the GBA that is associated with that RBA will also be set to zero. - When you take a withdrawal during the waiting period -- the total GBA and total RBA will be set equal to zero until the end of the waiting period. - When you take a withdrawal after the waiting period and the amount withdrawn is: (a) less than or equal to the total RBP -- the total RBA is reduced by the amount of the withdrawal and the GBA remains unchanged. If there have been multiple purchase payments, both the total GBA and each payment's GBA remain unchanged, and each payment's RBA is reduced in proportion to its RBP. (b) greater than the total RBP -- EXCESS WITHDRAWAL PROCESSING WILL BE APPLIED TO THE GBA AND RBA. - On the rider anniversary at the end of the waiting period -- If the first withdrawal is taken during the waiting period and you did not decline a rider fee increase, the total GBA and the total RBA will be reset to the contract value. If the first withdrawal is taken during the waiting period and you decline a rider fee increase, the total GBA and the total RBA will be reset to the lesser of (1) the GBA at the time of the first withdrawal, plus any additional purchase payments and any purchase payment credits since the time of the first withdrawal, minus all withdrawals, or (2) the contract value. - Upon certain changes to your PN program investment option -- (See "Use of Portfolio Navigator Program Required," described above). GBA EXCESS WITHDRAWAL PROCESSING The total GBA will automatically be reset to the lesser of (a) the total GBA immediately prior to the withdrawal; or (b) the contract value immediately following the withdrawal. If there have been multiple purchase payments, each payment's GBA after the withdrawal will be reset to equal that payment's RBA after the withdrawal plus (a) times (b), where: (a) is the ratio of the total GBA after the withdrawal less the total RBA after the withdrawal to the total GBA before the withdrawal less the total RBA after the withdrawal; and (b) is each payment's GBA before the withdrawal less that payment's RBA after the withdrawal. RBA EXCESS WITHDRAWAL PROCESSING The total RBA will automatically be reset to the lesser of (a) the contract value immediately following the withdrawal, or (b) the total RBA immediately prior to the withdrawal, less the amount of the withdrawal. If there have been multiple purchase payments, both the total RBA and each payment's RBA will be reset. The total RBA will be reset according to the excess withdrawal processing described above. Each payment's RBA will be reset in the following manner: -------------------------------------------------------------------------------- 56 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 1. The withdrawal amount up to the total RBP is taken out of each RBA bucket in proportion to its individual RBP at the time of the withdrawal; and 2. The withdrawal amount above the total RBP and any amount determined by the excess withdrawal processing are taken out of each RBA bucket in proportion to its RBA at the time of the withdrawal. GBP PERCENTAGE AND ALP PERCENTAGE: We use two percentages (6% and 5%) to calculate your GBP and ALP. The percentage used can vary as described below: During the waiting period, 6% will be used to determine the amount payable to beneficiaries under the RBA payout option described below. After the waiting period, a comparison of your contract value and the WAB determines your GBP percentage and ALP percentage, unless the percentage is fixed as described below. On each valuation date, if the benefit determining percentage is less than the 20% adjustment threshold, then 6% is used in calculating your GBP and ALP; otherwise, 5% is used. Market volatility and returns and the deduction of fees could impact your benefit determining percentage. The benefit determining percentage is calculated as follows but will not be less than zero: 1 - (A/B) A = contract value at the end of the prior valuation period B = WAB at the end of the prior valuation period When the first withdrawal in a contract year is taken, the GBP percentage and ALP percentage will be set and fixed for the remainder of that contract year. Beginning on the next rider anniversary, the GBP percentage and ALP percentage can change on each valuation date as described above until a withdrawal is taken in that contract year. Under certain limited situations, your GBP percentage and ALP percentage will not vary each contract year. They will be set at the earliest of (1), (2) or (3) below and remain fixed for as long as the benefit is payable: (1) when the RBA payout option is elected, or (2) if the ALP is established, when your contract value on a rider anniversary is less than two times the ALP (for the purpose of this calculation only, the ALP is determined using 5%; the ALP percentage used to determine your ALP going forward will be either 6% or 5%), or (3) when the contract value reduces to zero. For certain periods of time at our discretion and on a non-discriminatory basis, your GBP percentage and ALP percentage may be set by us to 6% if more favorable to you. WITHDRAWAL ADJUSTMENT BASE (WAB): One of the components used to determine GBP percentage and ALP percentage. The maximum WAB is $5,000,000. The WAB cannot be withdrawn or annuitized and is not payable as a death benefit, THE WAB IS DETERMINED AT THE FOLLOWING TIMES, CALCULATED AS DESCRIBED: - At Rider Effective Date -- the WAB is set equal to the initial purchase payment, plus any purchase payment credit. - When a subsequent purchase payment is made -- before a withdrawal is taken in the waiting period and at any time after the waiting period, the WAB will be increased by the amount of each additional purchase payment, plus any purchase payment credit. - When a withdrawal is taken -- if the first withdrawal is taken during the waiting period, the WAB will be set equal to zero until the end of the waiting period. Whenever a withdrawal is taken after the waiting period, the WAB will be reduced by the amount in (A) unless the withdrawal is an excess withdrawal for the lifetime benefit (or the basic benefit if the ALP is not established) when it will be set equal to the amount in (B). (A) The WAB is reduced by an amount as calculated below: A X B ----- where: C
A = the amount the contract value is reduced by the withdrawal B = WAB on the date of (but prior to) the withdrawal C = the contract value on the date of (but prior to) the withdrawal. (B) If the ALP is not established and the current withdrawal exceeds the RBP, the WAB will be reset to the GBA immediately following excess withdrawal processing. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 57 If the ALP is established and the current withdrawal exceeds the RALP, the WAB will be reset to the ALP divided by the current ALP percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above). In this calculation, we use the ALP immediately following excess withdrawal processing. - On rider anniversaries -- unless you decline a rider fee increase, the WAB will be increased to the contract value on each rider anniversary, if the contract value is greater, except as follows: (A) If a withdrawal is taken during the waiting period, the WAB will be increased to the contract value on each rider anniversary beginning at the end of the waiting period, if the contract value is greater. (B) If you decline a rider fee increase and a withdrawal is taken during the waiting period, on the third anniversary the WAB will be reset to the lesser of (1) the GBA at the time of the first withdrawal, plus any additional purchase payments and any purchase payment credits since the time of the first withdrawal, minus all withdrawals, or (2) the contract value. - Upon certain changes to your PN program investment option -- (See "Use of Portfolio Navigator Program Required," described above). GUARANTEED BENEFIT PAYMENT (GBP): At any time, the amount available for withdrawal in each contract year after the waiting period, until the RBA is reduced to zero, under the basic benefit. After the waiting period the annual withdrawal amount guaranteed under the rider can vary each contract year. At any point in time, each payment's GBP is the lesser of (a) and (b) where (a) is the GBA for that payment multiplied by the current GBP percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above) and (b) is the RBA for that payment. The total GBP is the sum of the GBPs for each purchase payment. REMAINING BENEFIT PAYMENT (RBP): The amount available for withdrawal for the remainder of the contract year under the basic benefit. At any point in time, the total RBP is the sum of the RBPs for each purchase payment. THE RBP IS DETERMINED AT THE FOLLOWING TIMES, CALCULATED AS DESCRIBED: - During the waiting period -- the RBP will be zero. - At the beginning of any contract year after the waiting period and when the GBP percentage changes -- the RBP for each purchase payment is set equal to that purchase payment's GBP. - When you make additional purchase payments after the waiting period -- each additional purchase payment has its own RBP equal to the purchase payment, plus any purchase payment credit, multiplied by the GBP percentage. - At step up -- (see "Annual Step Up" heading below). - At spousal continuation -- (see "Spousal Option to Continue the Contract upon Owner's Death" heading below). - When you make any withdrawal after the waiting period -- the total RBP is reset to equal the total RBP immediately prior to the withdrawal less the amount of the withdrawal, but not less than zero. If there have been multiple purchase payments, each payment's RBP is reduced proportionately. IF YOU WITHDRAW AN AMOUNT GREATER THAN THE RBP, GBA EXCESS WITHDRAWAL PROCESSING AND RBA EXCESS WITHDRAWAL PROCESSING ARE APPLIED and the amount available for future withdrawals for the remainder of the contract's life may be reduced by more than the amount of withdrawal. When determining if a withdrawal will result in the excess withdrawal processing, the applicable RBP will not yet reflect the amount of the current withdrawal. LIFETIME BENEFIT DESCRIPTION SINGLE LIFE ONLY: COVERED PERSON: The person whose life is used to determine when the ALP is established, and the duration of the ALP payments (see "Annual Lifetime Payment (ALP)" heading below). The covered person is the oldest contract owner. If any owner is a nonnatural person, i.e., a trust or corporation, the covered person is the oldest annuitant. JOINT LIFE ONLY: COVERED SPOUSES: The contract owner and his or her legally married spouse as defined under federal law, as named on the application for as long as the marriage is valid and in effect. If any contract owner is a nonnatural person (e.g., a trust), the covered spouses are the annuitant and the legally married spouse of the annuitant. The covered spouses lives are used to determine when the ALP is established, and the duration of the ALP payments (see "Annual Lifetime Payment (ALP)" heading below). The covered spouses are established on the rider effective date and cannot be changed. ANNUAL LIFETIME PAYMENT ATTAINED AGE (ALPAA): - SINGLE LIFE: The covered person's age after which time the lifetime benefit can be established. Currently, the lifetime benefit can be established on the later of the contract effective date or the contract anniversary date on/following the date the covered person reaches age 65. - JOINT LIFE: The age of the younger covered spouse at which time the lifetime benefit is established. -------------------------------------------------------------------------------- 58 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS ANNUAL LIFETIME PAYMENT (ALP): The ALP is the lifetime benefit amount available for withdrawals in each contract year after the waiting period until the later of: - SINGLE LIFE: death; or - JOINT LIFE: death of the last surviving covered spouse; or - the RBA is reduced to zero. The maximum ALP is $300,000. Prior to establishment of the ALP, the lifetime benefit is not in effect and the ALP is zero. THE ALP IS DETERMINED AT THE FOLLOWING TIMES: - SINGLE LIFE: Initially the ALP is established on the earliest of the following dates: (a) the rider effective date if the covered person has already reached age 65, (b) the rider anniversary following the date the covered person reaches age 65, - if during the waiting period and no prior withdrawal has been taken; or - if after the waiting period. (c) the rider anniversary following the end of the waiting period if the covered person is age 65 before the end of the waiting period and a prior withdrawal had been taken. The ALP is established as the total RBA multiplied by the ALP percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above). - JOINT LIFE: Initially the ALP is established on the earliest of the following dates: (a) the rider effective date if the younger covered spouse has already reached age 65. (b) the rider anniversary on/following the date the younger covered spouse reaches age 65. (c) upon the first death of a covered spouse, then (1) the date we receive written request when the death benefit is not payable and the surviving covered spouse has already reached age 65; or (2) the date spousal continuation is effective when the death benefit is payable and the surviving covered spouse has already reached age 65; or (3) the rider anniversary on/following the date the surviving covered spouse reaches age 65. (d) Following dissolution of marriage of the covered spouses, (1) the date we receive written request if the remaining covered spouse who is the owner (or annuitant in the case of nonnatural ownership) has already reached age 65; or (2) the rider anniversary on/following the date the remaining covered spouse who is the owner (or annuitant in the case of nonnatural ownership) reaches age 65. For (b), (c) and (d) above, if the date described occurs during the waiting period and a prior withdrawal had been taken, we use the rider anniversary following the end of the waiting period to establish the ALP. The ALP is established as the total RBA multiplied by the ALP percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above). - Whenever the ALP Percentage changes -- (a) If the ALP percentage is changing from 6% to 5%, the ALP is reset to the ALP multiplied by 5%, divided by 6%. (b) If the ALP percentage is changing from 5% to 6%, the ALP is reset to the ALP multiplied by 6%, divided by 5%. - When you make an additional purchase payment -- Before a withdrawal is taken in the waiting period and at any time after the waiting period, each additional purchase payment increases the ALP by the amount of the purchase payment, plus any purchase payment credit, multiplied by the ALP percentage. - When you make a withdrawal: (a) During the waiting period, the ALP, if established, will be set equal to zero until the end of the waiting period. (b) After the waiting period, if the amount withdrawn is: (i) less than or equal to the RALP, the ALP is unchanged. (ii) greater than the RALP, ALP EXCESS WITHDRAWAL PROCESSING will occur. If you withdraw less than the ALP in a contract year, there is no carry over to the next contract year. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 59 - On the rider anniversary at the end of the waiting period -- If you took a withdrawal during the waiting period, the ALP is set equal to the contract value multiplied by the ALP percentage if the covered person (JOINT LIFE: younger covered spouse) has reached age 65. - At step ups -- (see "Annual Step Up" heading below). - At spousal continuation -- (see "Spousal Option to Continue the Contract upon Owner's Death" heading below). - Upon certain changes to your PN program investment option -- (see "Use of Portfolio Navigator Program Required," heading above). ALP EXCESS WITHDRAWAL PROCESSING The ALP is reset to the lesser of the ALP immediately prior to the withdrawal, or the ALP Percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above) multiplied by the contract value immediately following the withdrawal. REMAINING ANNUAL LIFETIME PAYMENT (RALP): The amount available for withdrawal for the remainder of the contract year under the lifetime benefit. Prior to establishment of the ALP, the lifetime benefit is not in effect and the RALP is zero. THE RALP IS DETERMINED AT THE FOLLOWING TIMES: - The RALP is established at the same time as the ALP, and: (a) During the waiting period -- the RALP will be zero. (b) At any other time -- the RALP is established equal to the ALP less all prior withdrawals taken in the contract year but not less than zero. - At the beginning of each contract year after the waiting period and when the ALP percentage changes -- the RALP is set equal to the ALP. - When you make additional purchase payments after the waiting period -- each additional purchase payment increases the RALP by the purchase payment, plus any purchase payment credit, multiplied by the ALP percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above). - At step ups -- (see "Annual Step Up" headings below). - At spousal continuation -- (see "Spousal Option to Continue the Contract upon Owner's Death" heading below). - When you make any withdrawal after the waiting period -- the RALP equals the RALP immediately prior to the withdrawal less the amount of the withdrawal but not less than zero. IF YOU WITHDRAW AN AMOUNT GREATER THAN THE RALP, ALP EXCESS WITHDRAWAL PROCESSING IS APPLIED and may reduce the amount available for future withdrawals. When determining if a withdrawal will result in excess withdrawal processing, the applicable RALP will not yet reflect the amount of the current withdrawal. OTHER PROVISIONS REQUIRED MINIMUM DISTRIBUTIONS (RMD): If you are taking RMDs from your contract and your RMD calculated separately for your contract is greater than the RBP or the RALP on the most recent contract anniversary, the portion of your RMD that exceeds the benefit amount will not be subject to excess withdrawal processing provided that the following conditions are met: - The withdrawal is after the waiting period; - The RMD is for your contract alone; - The RMD is based on your recalculated life expectancy taken from the Uniform Lifetime Table under the Code; and - The RMD amount is otherwise based on the requirements of section 401(a) (9), related Code provisions and regulations thereunder that were in effect on the effective date of the rider. RMD rules follow the calendar year which most likely does not coincide with your contract year and therefore may limit when you can take your RMD and not be subject to excess withdrawal processing. Any withdrawal during the waiting period will reset the basic benefit and lifetime benefit at the end of the waiting period. After the waiting period, withdrawal amounts greater than the RALP or RBP that do not meet the conditions above will result in excess withdrawal processing. The amount in excess of the RBP and/or RALP that is not subject to excess withdrawal processing will be recalculated if the RALP and RBP change due to GBP Percentage and ALP percentage changes. See Appendix F for additional information. ANNUAL STEP UP: Beginning with the first contract anniversary, an increase of the benefit values may be available. A step up does not create contract value, guarantee the performance of any investment option, or provide a benefit that can be withdrawn in a lump sum or paid upon death. Rather, a step up determines the current values of the GBA, RBA, GBP, RBP, ALP and RALP, and may extend the payment period or increase the allowable payment. If there have been multiple payments and the GBA increases due to the step up, the individual GBAs, RBAs, GBPs, and RBPs will be combined. -------------------------------------------------------------------------------- 60 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS The annual step up may be available as described below, subject to the maximum GBA, RBA and ALP and subject to the following rules: - You have not declined a rider fee increase. - If you take any withdrawals during the waiting period the annual step up will not be available until the rider anniversary following the end of the waiting period. - On any rider anniversary where your contract value is greater than the RBA or, your contract value multiplied by the ALP Percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above) is greater than the ALP, if established, the annual step up will be applied to your contract on the rider anniversary. - The ALP and RALP are not eligible for step ups until they are established. Prior to being established, the ALP and RALP values are both zero. - Please note it is possible for the ALP to step up even if the RBA or GBA do not step up, and it is also possible for the RBA and GBA to step up even if the ALP does not step up. The annual step up resets the GBA, RBA, GBP, RBP, ALP and RALP values as follows: - The total RBA will be increased to the contract value on the rider anniversary, if the contract value is greater. - The total GBA will be increased to the contract value on the rider anniversary, if the contract value is greater. - The total GBP will be reset using the calculation as described above based on the increased GBA and RBA. - The total RBP will be reset as follows: (a) During the waiting period, the RBP will not be affected by the step up. (b) After the waiting period, the RBP will be reset to the increased GBP. - The ALP will be increased to the contract value on the rider anniversary multiplied by the ALP percentage (either 5% or 6% as described under "GBP Percentage and ALP Percentage" heading above), if greater than the current ALP. - The RALP will be reset as follows: (a) During the waiting period, the RALP will not be affected by the step up. (b) After the waiting period, the RALP will be reset to the increased ALP. SPOUSAL OPTION TO CONTINUE THE CONTRACT UPON OWNER'S DEATH ("SPOUSAL CONTINUATION"): SINGLE LIFE: If a surviving spouse elects to continue the contract and continues the contract as the new owner under the spousal continuation provision of the contract, the SecureSource Flex -- Single Life rider terminates. JOINT LIFE: If a surviving spouse is a covered spouse and elects the spousal continuation provision of the contract as the new owner, the SecureSource Flex -- Joint Life rider also continues. The surviving covered spouse can name a new beneficiary; however, a new covered spouse cannot be added to the rider. At the time of spousal continuation, a step-up may be available. If you decline a rider fee increase or the spousal continuation occurs during the waiting period and a withdrawal was taken, a step up is not available. All annual step- up rules (see "Annual Step-Up" heading above) also apply to the spousal continuation step-up except that a) the RBP will be calculated as the GBP after the step-up less all prior withdrawals taken during the current contract year, but not less than zero, and b) the RALP will be calculated as the ALP after the step-up less all prior withdrawals taken during the current contract year, but not less than zero. The spousal continuation step-up is processed on the valuation date spousal continuation is effective. RULES FOR WITHDRAWAL PROVISION OF YOUR CONTRACT: Minimum account values following a withdrawal no longer apply to your contract. For withdrawals, the withdrawal will be taken from the variable subaccounts and the regular fixed account (if applicable) in the same proportion as your interest in each bears to the contract value less amounts in any Special DCA fixed account. You cannot specify from which accounts the withdrawal is to be taken. IF CONTRACT VALUE REDUCES TO ZERO: If the contract value reduces to zero, you will be paid in the following scenarios: 1) The ALP has not yet been established, the total RBA is greater than zero and the contract value is reduced to zero as a result of fees or charges or a withdrawal that is less than or equal to the RBP. In this scenario, you can choose to: (a) receive the remaining schedule of GBPs until the RBA equals zero; or (b) SINGLE LIFE: wait until the rider anniversary following the date the covered person reaches age 65, and then receive the ALP annually until the latter of (i) the death of the covered person, or (ii) the RBA is reduced to zero. JOINT LIFE: wait until the rider anniversary following the date the younger covered spouse reaches age 65, and then receive the ALP annually until the latter of (i) the death of the last surviving covered spouse, or (ii) the RBA is reduced to zero. We will notify you of this option. If no election is made, the ALP will be paid. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 61 2) The ALP has been established, the total RBA is greater than zero and the contract value reduces to zero as a result of fees or charges, or a withdrawal that is less than or equal to both the RBP and the RALP. In this scenario, you can choose to receive: (a) the remaining schedule of GBPs until the RBA equals zero; or (b) SINGLE LIFE: the ALP annually until the latter of (i) the death of the covered person, or (ii) the RBA is reduced to zero. JOINT LIFE: the ALP annually until the latter of (i) the death of the last surviving covered spouse, or (ii) the RBA is reduced to zero. We will notify you of this option. If no election is made, the ALP will be paid. 3) The ALP has been established and the contract value falls to zero as a result of a withdrawal that is greater than the RALP but less than or equal to the RBP. In this scenario, the remaining schedule of GBPs will be paid until the RBA equals zero. 4) The ALP has been established and the contract value falls to zero as a result of a withdrawal that is greater than the RBP but less than or equal to the RALP. In this scenario, the ALP will be paid annually until the death of the: - SINGLE LIFE: covered person; - JOINT LIFE: last surviving covered spouse. Under any of these scenarios: - The annualized amounts will be paid to you in monthly installments. If the monthly payment is less than $100, we have the right to change the frequency but no less frequent than annually; - We will no longer accept additional purchase payments; - You will no longer be charged for the rider; - Any attached death benefit riders will terminate; - In determining the remaining schedule of GBPs, the current GBP is fixed for as long as payments are made. - SINGLE LIFE: The death benefit becomes the remaining payments, if any, until the RBA is reduced to zero; and - JOINT LIFE: If the owner had been receiving the ALP, upon the first death the ALP will continue to be paid annually until the later of: 1) the death of the last surviving covered spouse or 2) the RBA is reduced to zero. In all other situations the death benefit becomes the remaining payments, if any, until the RBA is reduced to zero. The SecureSource Flex rider and the contract will terminate under either of the following two scenarios: - If the ALP is established and the RBA is zero, and if the contract value falls to zero as a result of a withdrawal that is greater than the RALP. This is full withdrawal of the contract value. - If the ALP is not established and the RBA is zero, and if the contract value falls to zero as a result of fees, charges or a withdrawal. AT DEATH: SINGLE LIFE: If the contract is jointly owned and an owner dies when the contract value is greater than zero, the lifetime benefit for the covered person will cease even if the covered person is still living. If the contract value is greater than zero when the death benefit becomes payable, the beneficiary may: 1) elect to take the death benefit under the terms of the contract, 2) take the RBA payout option available under this rider, or 3) continue the contract under the spousal continuation provision of the contract which terminates the rider. If the contract value equals zero and the death benefit becomes payable, the following will occur: - If the RBA is greater than zero and the owner has been receiving the GBP each year, the GBP will continue to be paid to the beneficiary until the RBA equals zero. - If the covered person dies and the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the RBA equals zero. - If the covered person is still alive and the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the later of the death of the covered person or the RBA equals zero. - If the covered person is still alive and the RBA equals zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the death of the covered person. - If the covered person dies and the RBA equals zero, the benefit terminates. No further payments will be made. JOINT LIFE: If the death benefit becomes payable at the death of a covered spouse, the surviving covered spouse must utilize the spousal continuation provision of the contract and continue the contract as the new owner to continue the joint benefit. If -------------------------------------------------------------------------------- 62 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS spousal continuation is not available under the terms of the contract, the rider terminates. The lifetime benefit of this rider ends at the death of the last surviving covered spouse. If the contract value is greater than zero when the death benefit becomes payable, the beneficiary may: 1) elect to take the death benefit under the terms of the contract, 2) take the RBA payout option available under this rider, or 3) continue the contract under the spousal continuation provision of the contract. If the contract value equals zero at the first death of a covered spouse, the ALP will continue to be paid annually until the later of: 1) the death of the last surviving covered spouse or 2) the RBA is reduced to zero. If the contract value equals zero at the death of the last surviving covered spouse, the following will occur: - If the RBA is greater than zero and the owner has been receiving the GBP each year, the GBP will continue to be paid to the beneficiary until the RBA equals zero. - If the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the RBA equals zero. - If the RBA equals zero, the benefit terminates. No further payments will be made. CONTRACT OWNERSHIP CHANGE: SINGLE LIFE: If allowed by state law, change of ownership is subject to our approval. If there is a change of ownership and the covered person remains the same, the rider continues with no change to any of the rider benefits. If there is a change of ownership and the covered person would be different, the rider terminates. JOINT LIFE: Ownership changes are only allowed between the covered spouses or their revocable trust(s) and are subject to our approval, if allowed by state law. No other ownership changes are allowed as long as the rider is in force. REMAINING BENEFIT AMOUNT (RBA) PAYOUT OPTION: Several annuity payout plans are available under the contract. As an alternative to these annuity payout plans, a fixed annuity payout option is available under the SecureSource Flex rider after the waiting period. Under this option the amount payable each year will be equal to the remaining schedule of GBPs, but the total amount paid will not exceed the current total RBA at the time you begin this fixed annuity payout option. These annualized amounts will be paid in monthly installments. If the monthly payment is less than $100, we have the right to change the frequency, but no less frequently than annually. If, at the death of the owner, total payouts have been made for less than the RBA, the remaining payouts will be paid to the beneficiary (see "The Annuity Payout Period" and "Taxes"). This option may not be available if the contract is issued to qualify under section 403 or 408 of the Code, as amended. For such contracts, this option will be available only if the guaranteed payment period is less than the life expectancy of the owner at the time the option becomes effective. Such life expectancy will be computed using a life expectancy table published by the IRS. This annuity payout option may also be elected by the beneficiary when the death benefit is payable. Whenever multiple beneficiaries are designated under the contract, each such beneficiary's share of the proceeds if they elect this option will be in proportion to their applicable designated beneficiary percentage. Beneficiaries of nonqualified contracts may elect this settlement option subject to the distribution requirements of the contract. We reserve the right to adjust the remaining schedule of GBPs if necessary to comply with the Code. RIDER TERMINATION The SecureSource Flex rider cannot be terminated either by you or us except as follows: 1. SINGLE LIFE: a change of ownership that would result in a different covered person will terminate the rider. 2. SINGLE LIFE: After the death benefit is payable, continuation of the contract will terminate the rider. 3. JOINT LIFE: After the death benefit is payable the rider will terminate if: (a) any one other than a covered spouse continues the contract, or (b) a covered spouse does not use the spousal continuation provision of the contract to continue the contract. 4. Annuity payouts under an annuity payout plan will terminate the rider. 5. You may terminate the rider if your annual rider fee after any fee increase is more than 0.25% higher than your fee before the increase (See "Charges -- SecureSource Flex rider fee"). 6. When the RBA and contract value are zero and either the ALP is not established or an excess withdrawal of the RALP is taken, the rider will terminate. 7. Termination of the contract for any reason will terminate the rider. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 63 GUARANTEED MINIMUM ACCUMULATION BENEFIT (ACCUMULATION BENEFIT) RIDER THE ACCUMULATION BENEFIT RIDER IS NOT AVAILABLE FOR RAVA 4 ACCESS. The Accumulation Benefit rider is an optional benefit that you may select for an additional charge. Currently, it is available for nonqualified annuities and qualified annuities except under 401(a) plans. Effective on or about June 20, 2011, the Accumulation Benefit rider will be available under 401(a) plans. The Accumulation Benefit rider specifies a waiting period that ends on the benefit date. The Accumulation Benefit rider provides a one-time adjustment to your contract value on the benefit date if your contract value is less than the Minimum Contract Accumulation Value (defined below) on that benefit date. On the benefit date, if the contract value is equal to or greater than the Minimum Contract Accumulation Value, as determined under the Accumulation Benefit rider, the Accumulation Benefit rider ends without value and no benefit is payable. If the contract value falls to zero as the result of adverse market performance or the deduction of fees and/or charges at any time during the waiting period and before the benefit date, the contract and all riders, including the Accumulation Benefit rider will terminate without value and no benefits will be paid. EXCEPTION: if you are still living on the benefit date, we will pay you an amount equal to the Minimum Contract Accumulation Value as determined under the Accumulation Benefit rider on the valuation date your contract value reached zero. If you are (or if the owner is a non-natural person, then the annuitant is) 80 or younger at contract issue and this rider is available in your state, you may elect the Accumulation Benefit rider at the time you purchase your contract and the rider effective date will be the contract issue date. The Accumulation Benefit rider may not be terminated once you have elected it except as described in the "Terminating the Rider" section below. An additional charge for the Accumulation Benefit rider will be assessed annually during the waiting period. The rider ends when the waiting period expires and no further benefit will be payable and no further charges for the rider will be deducted. After the waiting period, you have the following options: - Continue your contract; - Take partial surrenders or make a full surrender; or - Annuitize your contract. The Accumulation Benefit rider may not be purchased with the optional GWB for Life rider or SecureSource rider. You should consider whether an Accumulation Benefit rider is appropriate for you because: - you must participate in the PN program and you must be invested in one of the available investment options. This requirement limits your choice of Investments. This means you will not be able to allocate contract value to all of the subaccounts, GPAs or the regular fixed account that are available under the contract to other contract owners who do not elect this rider. You may allocate qualifying purchase payments and applicable purchase payment credits to the Special DCA fixed account, when available (see "The Special DCA Fixed Account"), and we will make monthly transfers into the investment option you have chosen. (See "Making the Most of Your Contract -- Portfolio Navigator Program"); - you may not make additional purchase payments to your contract during the waiting period after the first 180 days immediately following the effective date of the Accumulation Benefit rider. Some exceptions apply (see "Additional Purchase Payments with Elective Step Up" below); - if you purchase this contract as a qualified annuity, for example, an IRA, you may need to take partial surrenders from your contract to satisfy the RMDs under the Code. Partial surrenders, including those used to satisfy RMDs, will reduce any potential benefit that the Accumulation Benefit rider provides. You should consult your tax advisor if you have any questions about the use of this rider in your tax situation; - if you think you may surrender all of your contract value before you have held your contract with this benefit rider attached for 10 years, or you are considering selecting an annuity payout option within 10 years of the effective date of your contract, you should consider whether this optional benefit is right for you. You must hold the contract a minimum of 10 years from the effective date of the Accumulation Benefit rider, which is the length of the waiting period under the Accumulation Benefit rider, in order to receive the benefit, if any, provided by the Accumulation Benefit rider. In some cases, as described below, you may need to hold the contract longer than 10 years in order to qualify for any benefit the Accumulation Benefit rider may provide; - the 10 year waiting period under the Accumulation Benefit rider will restart if you exercise the elective step-up option (described below) or your surviving spouse exercises the spousal continuation elective step-up (described below); and - the 10 year waiting period under the Accumulation Benefit rider may be restarted if you elect to change your PN program investment option to one that causes the Accumulation Benefit rider charge to increase (see "Charges"). Be sure to discuss with your financial advisor whether an Accumulation Benefit rider is appropriate for your situation. -------------------------------------------------------------------------------- 64 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS HERE ARE SOME GENERAL TERMS THAT ARE USED TO DESCRIBE THE OPERATION OF THE ACCUMULATION BENEFIT: BENEFIT DATE: This is the first valuation date immediately following the expiration of the waiting period. MINIMUM CONTRACT ACCUMULATION VALUE (MCAV): An amount calculated under the Accumulation Benefit rider. The contract value will be increased to equal the MCAV on the benefit date if the contract value on the benefit date is less than the MCAV on the benefit date. ADJUSTMENTS FOR PARTIAL SURRENDERS: The adjustment made for each partial surrender from the contract is equal to the amount derived from multiplying (a) and (b) where: (a) is 1 minus the ratio of the contract value on the date of (but immediately after) the partial surrender to the contract value on the date of (but immediately prior to) the partial surrender; and (b) is the MCAV on the date of (but immediately prior to) the partial surrender. WAITING PERIOD: The waiting period for the rider is 10 years. We reserve the right to restart the waiting period on the latest contract anniversary if you change your PN program investment option after we have exercised our rights to increase the rider fee. Your initial MCAV is equal to your initial purchase payment and any purchase payment credit. It is increased by the amount of any subsequent purchase payments and purchase payment credits received within the first 180 days that the rider is effective. It is reduced by any adjustments for partial surrenders made during the waiting period. AUTOMATIC STEP UP On each contract anniversary after the effective date of the rider, the MCAV will be set to the greater of: 1. 80% of the contract value on the contract anniversary; or 2. the MCAV immediately prior to the automatic step up. The automatic step up does not create contract value, guarantee the performance of any investment option, or provide a benefit that can be surrendered or paid upon death. Rather, the automatic step up is an interim calculation used to arrive at the final MCAV, which is used to determine whether a benefit will be paid under the rider on the benefit date. The automatic step up of the MCAV does not restart the waiting period or increase the fee (although the total fee for the rider may increase). ELECTIVE STEP UP OPTION Within thirty days following each contract anniversary after the rider effective date, but prior to the benefit date, you may notify us in writing that you wish to exercise the annual elective step up option. You may exercise this elective step up option only once per contract year during this 30 day period. If your contract value on the valuation date we receive your written request to step up is greater than the MCAV on that date, your MCAV will increase to 100% of that contract value. We may increase the fee for your rider (see "Charges - Accumulation Benefit Rider Charge"). The revised fee would apply to your rider if you exercise the annual elective step up, your MCAV is increased as a result, and the revised fee is higher than your annual rider fee before the elective step up. Elective step ups will also result in a restart of the waiting period as of the most recent contract anniversary. The elective step up does not create contract value, guarantee the performance of any investment option or provide any benefit that can be surrendered or paid upon death. Rather the elective step up is an interim calculation used to arrive at the final MCAV, which is used to determine whether a benefit will be paid under the rider on the benefit date. The elective step up option is not available to non-spouse beneficiaries that continue the contract during the waiting period. ADDITIONAL PURCHASE PAYMENTS WITH ANNUAL ELECTIVE STEP UPS If your MCAV is increased as a result of elective step up, you have 180 days from the latest contract anniversary to make additional purchase payments, if allowed under the base contract. The MCAV will include the amount of any additional purchase payments and purchase payment credits (if applicable) received during this period. SPOUSAL CONTINUATION If a spouse chooses to continue the contract under the spousal continuation provision, the rider will continue as part of the contract. Once, within the thirty days following the date of spousal continuation, the spouse may choose to exercise an elective step up. The spousal continuation elective step up is in addition to the annual elective step up. If the contract value on the valuation date we receive the written request to exercise this option is greater than the MCAV on that date, we will increase the MCAV to that contract value. If the MCAV is increased as a result of the elective step up and we have increased the fee -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 65 for the Accumulation Benefit rider, the spouse will pay the charge based on the fee that is in effect on the valuation date we receive their written request to step up for the entire contract year. In addition, the waiting period will restart as of the most recent contract anniversary. TERMINATING THE RIDER The rider will terminate under the following conditions: - The rider will terminate before the benefit date without paying a benefit on the date: - you take a full surrender; or - annuitization begins; or - the contract terminates as a result of the death benefit being paid. The rider will terminate on the benefit date. For an example, see Appendix E. OPTIONAL LIVING BENEFITS -- PREVIOUSLY OFFERED GUARANTOR WITHDRAWAL BENEFIT FOR LIFE (GWB FOR LIFE) RIDER Disclosure for GWB for Life rider may be found in the Appendix G. SECURESOURCE RIDERS Disclosure for SecureSource riders may be found in the Appendix H. THE ANNUITY PAYOUT PERIOD As owner of the contract, you have the right to decide how and to whom annuity payouts will be made starting at the settlement date. You may select one of the annuity payout plans outlined below, or we may mutually agree on other payout arrangements. We do not deduct any surrender charges under the payout plans listed below except under Plan E. You also decide whether we will make annuity payouts on a fixed or variable basis, or a combination of fixed and variable. The amount available to purchase payouts under the plan you select is the contract value on your settlement date after any rider charges have been deducted, plus any positive or negative MVA on GPAs, less any purchase payment credits subject to reversal and less any applicable premium tax. Additionally, we currently allow you to use part of the amount available to purchase payouts, leaving any remaining contract value to accumulate on a tax-deferred basis. During the annuity payout period, you cannot invest in more than five subaccounts at any one time unless we agree otherwise. AMOUNTS OF FIXED AND VARIABLE PAYOUTS DEPEND ON: - the annuity payout plan you select; - the annuitant's age and, in most cases, sex; - the annuity table in the contract; and - the amounts you allocated to the accounts at settlement. In addition, for variable payouts only, amounts depend on the investment performance of the subaccounts you select. These payouts will vary from month to month because the performance of the funds will fluctuate. Fixed payouts remain the same from month to month. For information with respect to transfers between accounts after annuity payouts begin, see "Making the Most of Your Contract -- Transfer policies." ANNUITY TABLES The annuity tables in your contract (Table A and Table B) show the amount of the monthly payout for each $1,000 of contract value according to the annuitant's age and, when applicable, the annuitant's sex. (Where required by law, we will use a unisex table of settlement rates.) Table A shows the amount of the first variable payout assuming that the contract value is invested at the beginning of the annuity payout period and earns a 5% rate of return, which is reinvested and helps to support future payouts. If you ask us at least 30 days before the settlement date, we will substitute an annuity table based on an assumed 3.5% investment return for the 5% Table A in the contract. The assumed investment return affects both the amount of the first payout and the extent to which subsequent payouts increase or decrease. For example, annuity payouts will increase if the investment return is above the assumed investment return and payouts will decrease if the return is below the assumed investment return. Using the 5% -------------------------------------------------------------------------------- 66 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS assumed investment return results in a higher initial payout but later payouts will increase more slowly when annuity unit values rise and decrease more rapidly when they decline. Table B shows the minimum amount of each fixed payout. Amounts in Table B are based on the guaranteed annual effective interest rate shown in your contract. We declare current payout rates that we use in determining the actual amount of your fixed payout. The current payout rates will equal or exceed the guaranteed payout rates shown in Table B. We will furnish these rates to you upon request. ANNUITY PAYOUT PLANS You may choose any one of these annuity payout plans by giving us written instructions at least 30 days before contract value is used to purchase the payout plan: - PLAN A: LIFE ANNUITY -- NO REFUND: We make monthly payouts until the annuitant's death. Payouts end with the last payout before the annuitant's death. We will not make any further payouts. This means that if the annuitant dies after we made only ONE monthly payout, we will not make any more payouts. - PLAN B: LIFE ANNUITY WITH FIVE, TEN, 15, OR 20 YEARS CERTAIN: We make monthly payouts for a guaranteed payout period of five, ten, 15, or 20 years that you elect. This election will determine the length of the payout period to the beneficiary if the annuitant should die before the elected period expires. We calculate the guaranteed payout period from the settlement date. If the annuitant outlives the elected guaranteed payout period, we will continue to make payouts until the annuitant's death. - PLAN C: LIFE ANNUITY -- INSTALLMENT REFUND: We make monthly payouts until the annuitant's death, with our guarantee that payouts will continue for some period of time. We will make payouts for at least the number of months determined by dividing the amount applied under this option by the first monthly payout, whether or not the annuitant is living. - PLAN D: JOINT AND LAST SURVIVOR LIFE ANNUITY -- NO REFUND: We make monthly payouts while both the annuitant and a joint annuitant are living. If either annuitant dies, we will continue to make monthly payouts at the full amount until the death of the surviving owner. Payouts end with the death of the second annuitant. - PLAN E: PAYOUTS FOR A SPECIFIED PERIOD: We make monthly payouts for a specific payout period of ten to 30 years that you elect. We will make payouts only for the number of years specified whether the annuitant is living or not. Depending on the selected time period, it is foreseeable that the annuitant can outlive the payout period selected. During the payout period, you can elect to have us determine the present value of any remaining variable payouts and pay it to you in a lump sum. We determine the present value of the remaining annuity payouts which are assumed to remain level at the amount of the payout that would have been made 7 days prior to the date we determine the present value. The discount rate we use in the calculations 5.17% for the assumed investment return of 3.5% and 6.67% for the assumed investment return of 5.0%. (See "Charges -- Surrender charge under Annuity Payout Plan E.") You can also take a portion of the discounted value once a year. If you do so, your monthly payouts will be reduced by the proportion of your surrender to the full discounted value. A 10% IRS penalty tax could apply if you take surrender. (See "Taxes.") - RBA PAYOUT OPTION: If you have a GWB for Life or SecureSource rider under your contract, you may elect the Withdrawal Benefit RBA payout option as an alternative to the above annuity payout plans. This option may not be available if the contract is issued to qualify under Sections 403 or 408 of the Code. For such contracts, this option will be available only if the guaranteed payment period is less than the life expectancy of the owner at the time the option becomes effective. Such life expectancy will be computed using life expectancy tables published by IRS. Under this option, the amount payable each year will be equal to the remaining schedule of GBPs, but the total amount paid over the life of the annuity will not exceed the total RBA at the time you begin this fixed payout option (see "Optional Benefits"). These annualized amounts will be paid in the frequency that you elect. The frequencies will be among those offered by us at the time but will be no less frequent than annually. If, at the death of the owner, total payouts have been made for less than the RBA, the remaining payouts will be paid to the beneficiary. ANNUITY PAYOUT PLAN REQUIREMENTS FOR QUALIFIED ANNUITIES: If your contract is a qualified annuity, you must select a payout plan as of the settlement date set forth in your contract. You have the responsibility for electing a payout plan under your contract that complies with applicable law. Your contract describes your payout plan options. The options will generally meet certain IRS regulations governing RMDs if the payout plan meets the incidental distribution benefit requirements, if any, and the payouts are made: - in equal or substantially equal payments over a period not longer than your life expectancy or over the joint life expectancy of you and your designated beneficiary; or - over a period certain not longer than your life expectancy or over the life expectancy of you and your designated beneficiary. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 67 WRITTEN INSTRUCTIONS: You must give us written instructions for the annuity payouts at least 30 days before the settlement date. Contract values that you allocated to the regular fixed account will provide fixed dollar payouts and contract values that you allocated among the subaccounts will provide variable annuity payouts. IF MONTHLY PAYOUTS WOULD BE LESS THAN $20: We will calculate the amount of monthly payouts at the time amounts are applied to a payout plan. If the calculations show that monthly payouts would be less than $20, we have the right to pay the contract value to the owner in a lump sum or to change the frequency of the payouts. DEATH AFTER ANNUITY PAYOUTS BEGIN: If you die after annuity payouts begin, we will pay any amount payable to the beneficiary as provided in the annuity payout plan in effect. TAXES Under current law, your contract has a tax-deferral feature. Generally, this means you do not pay income tax until there is a taxable distribution (or deemed distribution) from the contract. We will send a tax information reporting form for any year in which we made a taxable or reportable distribution according to our records. NONQUALIFIED ANNUITIES Generally, only the increase in the value of a non-qualified annuity contract over the investment in the contract is taxable. Certain exceptions apply. Federal tax law requires that all nonqualified deferred annuity contracts issued by the same company (and possibly its affiliates) to the same owner during a calendar year be taxed as a single, unified contract when distributions are taken from any one of those contracts. ANNUITY PAYOUTS: Generally, unlike surrenders described below, the taxation of annuity payouts is subject to exclusion ratios, i.e. a portion of each payout will be ordinary income and subject to tax, and a portion of each payout will be considered a return of part of your investment in the contract and will not be taxed. All amounts you receive after your investment in the contract is fully recovered will be subject to tax. Under Annuity Payout Plan A: Life annuity -- no refund, where the annuitant dies before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the owner for the last taxable year. Under all other annuity payout plans, where the annuity payouts end before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the taxpayer for the tax year in which the payouts end. (See "The Annuity Payout Period -- Annuity Payout Plans.") Beginning in 2011, federal tax law permits taxpayers to annuitize a portion of their nonqualified annuity while leaving the remaining balance to continue to grow tax-deferred. Under the new partial annuitization rules, the portion annuitized must be received as an annuity for a period of 10 years or more, or for the lives of one or more individuals. If this requirement is met, the annuitized portion and the tax-deferred balance will generally be treated as two separate contracts for income tax purposes only. If a contract is partially annuitized, the investment in the contract is allocated between the deferred and the annuitized portions on a pro rata basis. SURRENDERS: Generally, if you surrender all or part of your nonqualified annuity before your annuity payouts begin, including withdrawals under any optional withdrawal benefit rider, your surrender will be taxed to the extent that the contract value immediately before the surrender exceeds the investment in the contract. Different rules may apply if you exchange another contract into this contract. You also may have to pay a 10% IRS penalty for surrenders of taxable income you make before reaching age 59 1/2 unless certain exceptions apply. WITHHOLDING: If you receive taxable income as a result of an annuity payout or surrender, including surrenders under any optional withdrawal benefit rider, we may deduct federal, and in some cases state withholding against the payment. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, and you have a valid U.S. address, you may be able to elect not to have any withholding occur. If the payment is part of an annuity payout plan, we generally compute the amount of withholding using payroll tables. You may provide us with a statement of how many exemptions to use in calculating the withholding. If the distribution is any other type of payment (such as partial or full surrender) we compute withholding using 10% of the taxable portion. The withholding requirements differ if we deliver payment outside the United States and/or you are a non-resident alien. Some states also may impose withholding requirements similar to the federal withholding described above. If this should be the case, we may deduct state withholding from the payment. -------------------------------------------------------------------------------- 68 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS DEATH BENEFITS TO BENEFICIARIES: The death benefit under a nonqualified contract is not exempt from estate (federal or state) or income taxes. In addition, any amount your beneficiary receives that exceeds the investment in the contract is taxable as ordinary income to the beneficiary in the year he or she receives the payments. (See also "Benefits in Case of Death -- If You Die Before the Settlement Date"). ANNUITIES OWNED BY CORPORATIONS, PARTNERSHIPS OR IRREVOCABLE TRUSTS: For nonqualified annuities, any annual increase in the value of annuities held by such entities (nonnatural persons) generally will be treated as ordinary income received during that year. However, if the trust was set up for the benefit of a natural person only, the income will generally remain tax-deferred. PENALTIES: If you receive amounts from your nonqualified annuity before reaching age 59 1/2, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty will not apply to any amount received: - because of your death or in the event of nonnatural ownership, the death of the annuitant; - because you become disabled (as defined in the Code); - if the distribution is part of a series of substantially equal periodic payments, made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary); - if it is allocable to an investment before Aug. 14, 1982; or - if annuity payouts are made under immediate annuities as defined by the Code. TRANSFER OF OWNERSHIP: Generally, if you transfer ownership of a nonqualified annuity without receiving adequate consideration, the transfer may be treated as a surrender for federal income tax purposes. If the transfer is a currently taxable event for income tax purposes, the original owner will be taxed on the amount of deferred earnings at the time of the transfer and also may be subject to the 10% IRS penalty discussed earlier. In this case, the new owner's investment in the contract will be the value of the contract at the time of the transfer. In general, this rule does not apply to transfers between spouses or former spouses. Please consult your tax advisor for further details. 1035 EXCHANGES: Section 1035 of the Code permits nontaxable exchanges of certain insurance policies, endowment contracts, annuity contracts and qualified long- term care insurance contract while providing for continued tax deferral of earnings. In addition, Section 1035 permits the carryover of the cost basis from the old policy or contract to the new policy or contract. A 1035 exchange is a transfer from one policy or contract to another policy or contract. The following are nontaxable exchanges: (1) the exchange of a life insurance policy for another life insurance policy or for an endowment, annuity or qualified long-term care insurance contracts, (2) the exchange of an endowment contract for an annuity or qualified long-term care insurance contract, or for an endowment contract under which payments will begin no later than payments would have begun under the contract exchanged, (3) the exchange of an annuity contract for another annuity contract or for a qualified long-term care insurance contract, or (4) the exchange of a qualified long-term care insurance contract for a qualified long-term insurance contract. However, if the life insurance policy has an outstanding loan, there may be tax consequences. Depending on the issue date of your original policy or contract, there may be tax or other benefits that are given up to gain the benefits of the new policy or contract. Consider whether the features and benefits of the new policy or contract outweigh any tax or other benefits of the old contract. For a partial exchange of an annuity contract for another annuity contract, the 1035 exchange is generally tax-free. The investment in the original contract and the earnings on the contract will be allocated proportionately between the original and new contracts. However, IRS Revenue Procedure 2008-24 states if withdrawals are taken from either contract within a 12 month period following a partial exchange, the 1035 exchange may be invalidated. In that case, the following will occur 1) the tax-free nature of the partial exchange can be lost, 2) the exchange will be retroactively treated as a taxable surrender on the lesser of the earnings in the original contract or the amount exchanged and 3) the entire amount of the exchange will be treated as a purchase into the second contract. You may receive an amended Form 1099-R reporting an invalidated exchange. (If certain life events occur between the date of the partial exchange and the date of the withdrawal in the first 12 months, the partial exchange could remain valid.) You should consult your tax advisor before taking any surrender from either contract. ASSIGNMENT: If you assign or pledge your contract as collateral for a loan, earnings on purchase payments you made after Aug. 13, 1982 will be taxed as a deemed distribution and you may have to pay a 10% IRS penalty. QUALIFIED ANNUITIES Adverse tax consequences may result if you do not ensure that contributions, distributions and other transactions under the contract comply with the law. Qualified annuities have minimum distribution rules that govern the timing and amount of distributions. You should refer to your retirement plan's Summary Plan Description, your IRA disclosure statement, or consult a tax advisor for additional information about the distribution rules applicable to your situation. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 69 When you use your contract to fund a retirement plan or IRA that is already tax- deferred under the Code, the contract will not provide any necessary or additional tax deferral. If your contract is used to fund an employer sponsored plan, your right to benefits may be subject to the terms and conditions of the plan regardless of the terms of the contract. ANNUITY PAYOUTS: Under a qualified annuity, except a Roth IRA, Roth 401(k) or Roth 403(b), the entire payout generally is includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non- deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars. ANNUITY PAYOUTS FROM ROTH IRAS: In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59 1/2 and meet the five year holding period. SURRENDERS: Under a qualified annuity, except a Roth IRA, Roth 401(k) or Roth 403(b), the entire surrender will generally be includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non- deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars. SURRENDERS FROM ROTH IRAS: In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59 1/2 and meet the five year holding period. REQUIRED MINIMUM DISTRIBUTIONS: Retirement plans (except for Roth IRAs) are subject to required surrenders called required minimum distributions ("RMDs") beginning at age 70 1/2. RMDs are based on the fair market value of your contract at year-end divided by life expectancy factor. Certain death benefits and optional riders may be considered in determining the fair market value of your contract for RMD purposes. This may cause your RMD to be higher. Inherited IRAs (including inherited Roth IRAs) are subject to special RMD rules. You should consult your tax advisor prior to making a purchase for an explanation of the potential tax implications to you. WITHHOLDING FOR IRAS, ROTH IRAS, SEPS AND SIMPLE IRAS: If you receive taxable income as a result of an annuity payout or a surrender, including surrenders under any optional withdrawal benefit rider, we may deduct withholding against the payment. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, you can elect not to have any withholding occur. If the payment is part of an annuity payout plan, we generally compute the amount of withholding using payroll tables. You may provide us with a statement of how many exemptions to use in calculating the withholding. If the distribution is any other type of payment (such as a partial or full surrender) we compute withholding using 10% of the taxable portion. The withholding requirements differ if we deliver payment outside the United States and/or you are a non-resident alien. Some states also may impose withholding requirements similar to the federal withholding described above. If this should be the case, we may deduct state withholding from the payment. WITHHOLDING FOR ALL OTHER QUALIFIED ANNUITIES: If you receive directly all or part of the contract value from a qualified annuity, mandatory 20% federal income tax withholding (and possibly state income tax withholding) generally will be imposed at the time the payout is made from the plan. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. This mandatory withholding will not be imposed if instead of receiving the distribution check, you elect to have the distribution rolled over directly to an IRA or another eligible plan. Payments made to a surviving spouse instead of being directly rolled over to an IRA are also subject to mandatory 20% income tax withholding. In the below situations, the distribution is subject to an optional 10% withholding instead of the mandatory 20% withholding. We will withhold 10% of the distribution amount unless you elect otherwise. - the payout is one in a series of substantially equal periodic payouts, made at least annually, over your life or life expectancy (or the joint lives or life expectancies of you and your designated beneficiary) or over a specified period of 10 years or more; - the payout is a RMD as defined under the Code; - the payout is made on account of an eligible hardship; or - the payout is a corrective distribution. State withholding also may be imposed on taxable distributions. -------------------------------------------------------------------------------- 70 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS PENALTIES: If you receive amounts from your qualified contract before reaching age 59 1/2, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty generally will not apply to any amount received: - because of your death; - because you become disabled (as defined in the Code); - if the distribution is part of a series of substantially equal periodic payments made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary); - if the distribution is made following severance from employment during the calendar year in which you attain age 55 (TSAs and annuities funding 401(a) plans only); - to pay certain medical or education expenses (IRAs only); or - if the distribution is made from an inherited IRA. DEATH BENEFITS TO BENEFICIARIES: The entire death benefit generally is taxable as ordinary income to the beneficiary in the year he/she receives the payments from the qualified annuity. If you made non-deductible contributions to a traditional IRA, the portion of any distribution from the contract that represents after-tax contributions is not taxable as ordinary income to your beneficiary. You are responsible for keeping all records tracking your non- deductible contributions to an IRA. Death benefits under a Roth IRA generally are not taxable as ordinary income to the beneficiary if certain distribution requirements are met. (See also "Benefits in Case of Death -- If You Die Before the Settlement Date"). ASSIGNMENT: You may not assign or pledge your qualified contract as collateral for a loan. OTHER PURCHASE PAYMENT CREDITS: These are considered earnings and are taxed accordingly when surrendered or paid out. SPECIAL CONSIDERATIONS IF YOU SELECT ANY OPTIONAL RIDER: As of the date of this prospectus, we believe that charges related to these riders are not subject to current taxation. Therefore, we will not report these charges as partial surrenders from your contract. However, the IRS may determine that these charges should be treated as partial surrenders subject to taxation to the extent of any gain as well as the 10% tax penalty for surrenders before the age of 59 1/2, if applicable. We reserve the right to report charges for these riders as partial surrenders if we, as a withholding and reporting agent, believe that we are required to report them. In addition, we will report any benefits attributable to these riders on the death of you or the annuitant as an annuity death benefit distribution, not as proceeds from life insurance. IMPORTANT: Our discussion of federal tax laws is based upon our understanding of current interpretations of these laws. Federal tax laws or current interpretations of them may change. For this reason and because tax consequences are complex and highly individual and cannot always be anticipated, you should consult a tax advisor if you have any questions about taxation of your contract. RIVERSOURCE LIFE'S TAX STATUS: We are taxed as a life insurance company under the Code. For federal income tax purposes, the subaccounts are considered a part of our company, although their operations are treated separately in accounting and financial statements. Investment income is reinvested in the fund in which each subaccount invests and becomes part of that subaccount's value. This investment income, including realized capital gains, is not subject to any withholding because of federal or state income taxes. We reserve the right to make such a charge in the future if there is a change in the tax treatment of variable annuities or in our tax status as we currently understand it. TAX QUALIFICATION: We intend that the contract qualify as an annuity for federal income tax purposes. To that end, the provisions of the contract are to be interpreted to ensure or maintain such tax qualification, in spite of any other provisions of the contract. We reserve the right to amend the contract to reflect any clarifications that may be needed or are appropriate to maintain such qualification or to conform the contract to any applicable changes in the tax qualification requirements. We will send you a copy of any amendments. VOTING RIGHTS As a contract owner with investments in the subaccounts, you may vote on important fund policies until annuity payouts begin. Once they begin, the person receiving them has voting rights. We will vote fund shares according to the instructions of the person with voting rights. Before annuity payouts begin, the number of votes you have is determined by applying your percentage interest in each subaccount to the total number of votes allowed to the subaccount. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 71 After annuity payouts begin, the number of votes you have is equal to: - the reserve held in each subaccount for your contract; divided by - the net asset value of one share of the applicable fund. As we make annuity payouts, the reserve for the contract decreases; therefore, the number of votes also will decrease. We calculate votes separately for each subaccount. We will send notice of shareholders' meetings, proxy materials and a statement of the number of votes to which the voter is entitled. We will vote shares for which we have not received instructions in the same proportion as the votes for which we received instructions. We also will vote the shares for which we have voting rights in the same proportion as the votes for which we received instructions. SUBSTITUTION OF INVESTMENTS We may substitute the funds in which the subaccounts invest if: - laws or regulations change; - the existing funds become unavailable; or - in our judgment, the funds no longer are suitable (or no longer the most suitable) for the subaccounts. If any of these situations occur, and if we believe it is in the best interest of persons having voting rights under the contract, we have the right to substitute a fund currently listed in this prospectus (existing fund) for another fund (new fund). The new fund may have higher fees and/or operating expenses than the existing fund. Also, the new fund may have investment objectives and policies and/or investment advisers which differ from the existing fund. We may also: - add new subaccounts; - combine any two or more subaccounts; - transfer assets to and from the subaccounts or the variable account; and - eliminate or close any subaccounts. We will notify you of any substitution or change. If we notify you that a subaccount will be eliminated or closed, you will have a certain period of time to tell us where to reallocate purchase payments or contract value currently allocated to that subaccount. If we do not receive your reallocation instructions by the due date, we automatically will reallocate to the subaccount investing in the RiverSource Variable Portfolio -- Cash Management Fund. You may then transfer this reallocated amount in accordance with the transfer provisions of your contract (see "Transferring Between Accounts" above). In the event of substitution or any of these changes, we may amend the contract and take whatever action is necessary and appropriate without your consent or approval. However, we will not make any substitution or change without the necessary approval of the SEC and state insurance departments. ABOUT THE SERVICE PROVIDERS PRINCIPAL UNDERWRITER RiverSource Distributors, Inc. (RiverSource Distributors), our affiliate, serves as the principal underwriter and general distributor of the contract. Its offices are located at 70100 Ameriprise Financial Center, Minneapolis, MN 55474. RiverSource Distributors is a wholly-owned subsidiary of Ameriprise Financial, Inc. SALES OF THE CONTRACT - Only securities broker-dealers ("selling firms") registered with the SEC and members of the FINRA may sell the contract. - The contracts are continuously offered to the public through authorized selling firms. We and RiverSource Distributors have a sales agreement with the selling firm. The sales agreement authorizes the selling firm to offer the contracts to the public. RiverSource Distributors pays the selling firm (or an affiliated insurance agency) for contracts its financial advisors sell. The selling firm may be required to return sales commissions under certain circumstances including but not limited to when contracts are returned under the free look period. PAYMENTS TO SELLING FIRMS - We may use compensation plans which vary by selling firm. For example, some of these plans pay selling firms a commission of up to 6.00% each time you make a purchase payment. We may also pay ongoing trail commissions of up to 1.25% of the contract value. We do not pay or withhold payment of commissions based on which investment options you select. -------------------------------------------------------------------------------- 72 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS - We may pay selling firms a temporary additional sales commission of up to 1% of purchase payments for a period of time we select. For example, we may offer to pay a temporary additional sales commission to get selling firms to market a new or enhanced contract or to increase sales during the period. - In addition to commissions, we may, in order to promote sales of the contracts, and as permitted by applicable laws and regulations, pay or provide selling firms with other promotional incentives in cash, credit or other compensation. We generally (but may not) offer these promotional incentives to all selling firms. The terms of such arrangements differ between selling firms. These promotional incentives may include but are not limited to: - sponsorship of marketing, educational, due diligence and compliance meetings and conferences we or the selling firm may conduct for financial advisors, including subsidy of travel, meal, lodging, entertainment and other expenses related to these meetings; - marketing support related to sales of the contract including for example, the creation of marketing materials, advertising and newsletters; - providing service to contract owners; and - funding other events sponsored by a selling firm that may encourage the selling firm's financial advisors to sell the contract. These promotional incentives or reimbursements may be calculated as a percentage of the selling firm's aggregate, net or anticipated sales and/or total assets attributable to sales of the contract, and/or may be a fixed dollar amount. As noted below this additional compensation may cause the selling firm and its financial advisors to favor the contracts. SOURCES OF PAYMENTS TO SELLING FIRMS We pay the commissions and other compensation described above from our assets. Our assets may include: - revenues we receive from fees and expenses that you will pay when buying, owning and surrendering the contract (see "Expense Summary"); - compensation we or an affiliate receive from the underlying funds in the form of distribution and services fees (see "The Variable Account and the Funds -- The funds"); - compensation we or an affiliate receive from a fund's investment adviser, subadviser, distributor or an affiliate of any of these (see "The Variable Account and the Funds -- The funds"); and - revenues we receive from other contracts and policies we sell that are not securities and other businesses we conduct. You do not directly pay the commissions and other compensation described above as the result of a specific charge or deduction under the contract. However, you may pay part or all of the commissions and other compensation described above indirectly through: - fees and expenses we collect from contract owners, including surrender charges; and - fees and expenses charged by the underlying funds in which the subaccounts you select invest, to the extent we or one of our affiliates receive revenue from the funds or an affiliated person. POTENTIAL CONFLICTS OF INTEREST Compensation payment arrangements with selling firms can potentially: - give selling firms a heightened financial incentive to sell the contract offered in this prospectus over another investment with lower compensation to the selling firm. - cause selling firms to encourage their financial advisors to sell you the contract offered in this prospectus instead of selling you other alternative investments that may result in lower compensation to the selling firm. - cause selling firms to grant us access to its financial advisors to promote sales of the contract offered in this prospectus, while denying that access to other firms offering similar contracts or other alternative investments which may pay lower compensation to the selling firm. PAYMENTS TO FINANCIAL ADVISORS - The selling firm pays its financial advisors. The selling firm decides the compensation and benefits it will pay its financial advisors. - To inform yourself of any potential conflicts of interest, ask your financial advisor before you buy how the selling firm and its financial advisors are being compensated and the amount of the compensation that each will receive if you buy the contract. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 73 ISSUER We issue the contracts. We are a stock life insurance company organized in 1957 under the laws of the state of Minnesota and are located at 70100 Ameriprise Financial Center, Minneapolis, MN 55474. We are a wholly-owned subsidiary of Ameriprise Financial, Inc. We conduct a conventional life insurance business. We are licensed to do business in 49 states, the District of Columbia and American Samoa. Our primary products currently include fixed and variable annuity contracts and life insurance policies. LEGAL PROCEEDINGS Life insurance companies have been the subject of increasing regulatory, legislative and judicial scrutiny. Numerous state and federal regulatory agencies have commenced examinations and other inquiries of insurance companies regarding sales and marketing practices (including sales to older consumers and disclosure practices), compensation arrangements and anticompetitive activities. RiverSource Life is involved in the normal course of business in a number of other legal, arbitration and regulatory proceedings concerning matters arising in connection with the conduct of its business activities. RiverSource Life believes that it is not a party to, nor are any of its properties the subject of, any pending legal, arbitration or regulatory proceedings that would have a material adverse effect on its consolidated financial condition, results of operations or liquidity. However, it is possible that the outcome of any such proceedings could have a material adverse impact on results of operations in any particular reporting period as the proceedings are resolved. ADDITIONAL INFORMATION INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE To the extent and only to the extent that any statement in a document incorporated by reference into this prospectus is modified or superseded by a statement in this prospectus or in a later-filed document, such statement is hereby deemed so modified or superseded and not part of this prospectus. The Annual Report on Form 10-K of RiverSource Life Insurance Company for the year ended Dec. 31, 2010 that we previously filed with the SEC under the Securities Exchange Act of 1934 (1934 Act) is incorporated by reference into this prospectus. To access these documents, see "SEC Filings" under "Investors Relations" on our website at www.ameriprise.com. RiverSource Life will furnish you without charge a copy of any or all of the documents incorporated by reference into this prospectus, including any exhibits to such documents which have been specifically incorporated by reference. We will do so upon receipt of your written or oral request. You can contact RiverSource Life at the telephone number and address listed on the first page of this prospectus. AVAILABLE INFORMATION This prospectus is part of a registration statement we file with the SEC. Additional information on RiverSource Life and on this offering is available in the registration statement and other materials we file. You can obtain copies of these materials at the SEC's Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains an Internet site that contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC. This prospectus, other information about the contract and other information incorporated by reference are available on the EDGAR Database on the SEC's Internet site at (http://www.sec.gov). INDEMNIFICATION Insofar as indemnification for liabilities arising under the Securities Act of 1933 (1933 Act) may be permitted to directors and officers or persons controlling RiverSource Life pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the 1933 Act and is therefore unenforceable. -------------------------------------------------------------------------------- 74 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS APPENDIX A: THE FUNDS UNLESS THE PN PROGRAM IS IN EFFECT, YOU MAY ALLOCATE PURCHASE PAYMENTS AND TRANSFERS TO ANY OR ALL OF THE SUBACCOUNTS OF THE VARIABLE ACCOUNT THAT INVEST IN SHARES OF THE FOLLOWING FUNDS:
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- AllianceBernstein Seeks long-term growth of capital. AllianceBernstein L.P. VPS Global Thematic Growth Portfolio (Class B) ---------------------------------------------------------------------------------------- AllianceBernstein Seeks long-term growth of capital. AllianceBernstein L.P. VPS Growth and Income Portfolio (Class B) ---------------------------------------------------------------------------------------- AllianceBernstein Seeks long-term growth of capital. AllianceBernstein L.P. VPS International Value Portfolio (Class B) ---------------------------------------------------------------------------------------- AllianceBernstein Seeks long-term growth of capital. AllianceBernstein L.P. VPS Large Cap Growth Portfolio (Class B) ---------------------------------------------------------------------------------------- American Century Seeks long-term capital growth. Income is a American Century VP Mid Cap Value, secondary objective. Investment Management, Class II Inc. ---------------------------------------------------------------------------------------- American Century Seeks long-term capital growth. American Century VP Ultra(R), Investment Management, Class II Inc. ---------------------------------------------------------------------------------------- American Century Seeks long-term capital growth. Income is a American Century VP Value, Class secondary objective. Investment Management, II Inc. ---------------------------------------------------------------------------------------- Columbia Variable Seeks maximum total investment return Columbia Management Portfolio - Bala- through a combination of capital growth and Investment Advisers, LLC nced Fund (Class current income. 3) (previously RiverSource Variable Portfolio - Bala- nced Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks maximum current income consistent Columbia Management Portfolio - Cash with liquidity and stability of principal. Investment Advisers, LLC Management Fund (Class 3) (previously RiverSource Variable Portfolio - Cash Management Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income while Columbia Management Portfolio - Dive- attempting to conserve the value of the Investment Advisers, LLC rsified Bond Fund investment for the longest period of time. (Class 3) (previously RiverSource Variable Portfolio - Dive- rsified Bond Fund (Class 3)) ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income and, as Columbia Management Portfolio - Dive- a secondary goal, steady growth of capital. Investment Advisers, LLC rsified Equity Income Fund (Class 3) (previously RiverSource Variable Portfolio - Dive- rsified Equity Income Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks capital appreciation. Columbia Management Portfolio - Dyna- Investment Advisers, LLC mic Equity Fund (Class 3) (previously RiverSource Variable Portfolio - Dyna- mic Equity Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Emer- Investment Advisers, ging Markets LLC, adviser; Opportunity Fund Threadneedle (Class 3) International Limited, (previously an indirect wholly-owned Threadneedle subsidiary of Ameriprise Variable Financial, sub-adviser. Portfolio - Emer- ging Markets Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Non-diversified fund that seeks high total Columbia Management Portfolio - Glob- return through income and growth of Investment Advisers, LLC al Bond Fund capital. (Class 3) (previously RiverSource Variable Portfolio - Glob- al Bond Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Non-diversified fund that seeks total Columbia Management Portfolio - Glob- return that exceeds the rate of inflation Investment Advisers, LLC al Inflation over the long term. Protected Securities Fund (Class 3) (previously RiverSource Variable Portfolio - Glob- al Inflation Protected Securities Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks total return, consisting of a high Columbia Management Portfolio - High level of income and capital appreciation. Investment Advisers, LLC Income Fund, Class 2 (previously Columbia High Yield Fund, Variable Series, Class B)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high current income, with capital Columbia Management Portfolio - High growth as a secondary objective. Investment Advisers, LLC Yield Bond Fund (Class 3) (previously RiverSource Variable Portfolio - High Yield Bond Fund (Class 3)) ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Columbia Variable Seeks high total return through current Columbia Management Portfolio - Inco- income and capital appreciation. Investment Advisers, LLC me Opportunities Fund (Class 3) (previously RiverSource Variable Portfolio - Inco- me Opportunities Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks capital appreciation. Columbia Management Portfolio - In- Investment Advisers, ternational LLC, adviser; Opportunity Fund Threadneedle (Class 3) International Limited, (previously an indirect wholly-owned Threadneedle subsidiary of Ameriprise Variable Financial, sub-adviser. Portfolio - In- ternational Opportunity Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Large Investment Advisers, LLC Cap Growth Fund (Class 3) (previously Seligman Variable Portfolio - Grow- th Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Mars- Investment Advisers, ico Growth Fund, LLC, adviser; Marsico Class 1 Capital Management, LLC, (previously subadviser. Columbia Marsico Growth Fund, Variable Series, Class A) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Mars- Investment Advisers, ico International LLC, adviser; Marsico Opportunities Capital Management, LLC, Fund, Class 2 subadviser. (previously Columbia Marsico International Opportunities Fund, Variable Series, Class B)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks growth of capital. Columbia Management Portfolio - Mid Investment Advisers, LLC Cap Growth Opportunity Fund (Class 3) (previously RiverSource Variable Portfolio - Mid Cap Growth Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Mid Investment Advisers, LLC Cap Value Opportunity Fund (Class 3) (previously RiverSource Variable Portfolio - Mid Cap Value Fund (Class 3)) ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital appreciation. Columbia Management Portfolio - S&P Investment Advisers, LLC 500 Index Fund (Class 3) (previously RiverSource Variable Portfolio - S&P 500 Index Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Sele- Investment Advisers, LLC ct Large-Cap Value Fund (Class 3) (previously Seligman Variable Portfolio - Larg- er-Cap Value Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Sele- Investment Advisers, LLC ct Smaller-Cap Value Fund (Class 3) (previously Seligman Variable Portfolio - Smal- ler-Cap Value Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income and Columbia Management Portfolio - Short safety of principal consistent with Investment Advisers, LLC Duration U.S. investment in U.S. government and Government Fund government agency securities. (Class 3) (previously RiverSource Variable Portfolio - Short Duration U.S. Government Fund (Class 3)) ---------------------------------------------------------------------------------------- Credit Suisse Seeks total return. Credit Suisse Asset Trust - Commodity Management, LLC Return Strategy Portfolio ---------------------------------------------------------------------------------------- Dreyfus Variable Seeks capital growth. The Dreyfus Corporation, Investment Fund adviser; Newton Capital International Management Limited, sub- Equity Portfolio, adviser Service Shares ---------------------------------------------------------------------------------------- Eaton Vance VT Seeks high level of current income. Eaton Vance Management Floating-Rate Income Fund ---------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks long-term capital appreciation. Fidelity Management & Contrafund(R) Normally invests primarily in common Research Company (FMR) Portfolio Service stocks. Invests in securities of companies is the fund's manager. Class 2 whose value it believes is not fully Fidelity Investments recognized by the public. Invests in either Money Management, Inc. "growth" stocks or "value" stocks or both. (FIMM) and other The fund invests in domestic and foreign affiliates of FMR serve issuers. as sub-advisers for the fund. ---------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks long-term growth of capital. Normally FMR is the fund's Mid Cap Portfolio invests primarily in common stocks. manager. FIMM and other Service Class 2 Normally invests at least 80% of assets in affiliates of FMR serve securities of companies with medium market as sub-advisers for the capitalizations. May invest in companies fund. with smaller or larger market capitalizations. Invests in domestic and foreign issuers. The Fund invests in either "growth" or "value" common stocks or both. ----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 78 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks long-term growth of capital. Normally FMR is the fund's Overseas invests primarily in common stocks manager. FIMM and other Portfolio Service allocating investments across different affiliates of FMR serve Class 2 countries and regions. Normally invests at as sub-advisers for the least 80% of assets in non-U.S. securities. fund. ---------------------------------------------------------------------------------------- FTVIPT Franklin Seeks high total return. The fund normally Franklin Templeton Global Real invests at least 80% of its net assets in Institutional, LLC Estate Securities investments of companies located anywhere Fund - Class 2 in the world that operate in the real estate sector. ---------------------------------------------------------------------------------------- FTVIPT Franklin Seeks long-term total return. The fund Franklin Advisory Small Cap Value normally invests at least 80% of its net Services, LLC Securities assets in investments of small Fund - Class 2 capitalization companies. ---------------------------------------------------------------------------------------- FTVIPT Mutual Seeks capital appreciation, with income as Franklin Mutual Shares Securities a secondary goal. The fund normally invests Advisers, LLC Fund - Class 2 primarily in U.S. and foreign equity securities that the manager believes are undervalued. ---------------------------------------------------------------------------------------- Goldman Sachs VIT Seeks long-term growth of capital. Goldman Sachs Asset Structured U.S. Management, L.P. Equity Fund - Instituti- onal Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. Capital Appreciation Fund, Series II Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. Capital Development Fund, Series II Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks to provide reasonable current income Invesco Advisers, Inc. Dividend Growth and long-term growth of income and capital. Fund, Series II Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. Global Health Care Fund, Series II Shares ---------------------------------------------------------------------------------------- Invesco V.I. Seeks long-term growth of capital. Invesco Advisers, Inc. International Growth Fund, Series II Shares ---------------------------------------------------------------------------------------- Invesco Van Seeks capital growth and income through Invesco Advisers, Inc. Kampen V.I. investments in equity securities, including Comstock Fund, common stocks, preferred stocks and Series II Shares securities convertible into common and (previously Van preferred stocks. Kampen LIT Comstock Portfolio, Class II Shares) ---------------------------------------------------------------------------------------- Janus Aspen Seeks long-term growth of capital in a Janus Capital Management Series Janus manner consistent with the preservation of LLC Portfolio: capital. Service Shares ---------------------------------------------------------------------------------------- Legg Mason Seeks long-term growth of capital. Legg Mason Partners Fund ClearBridge Advisor, LLC, adviser; Variable Small ClearBridge Advisors, Cap Growth LLC, sub-adviser. Portfolio, Class I ---------------------------------------------------------------------------------------- MFS(R) Investors Seeks capital appreciation. MFS Investment Growth Stock Management(R) Series - Service Class ----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 79
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- MFS(R) Utilities Seeks total return. MFS Investment Series - Service Management(R) Class ---------------------------------------------------------------------------------------- Morgan Stanley Seeks current income and capital Morgan Stanley UIF Global Real appreciation. Investment Management Estate Portfolio, Inc., adviser; Morgan Class II Shares Stanley Investment (previously Van Management Limited and Kampen's UIF Morgan Stanley Global Real Investment Management Estate Portfolio, Company, subadvisers. Class II Shares) ---------------------------------------------------------------------------------------- Morgan Stanley Seeks long-term capital growth by investing Morgan Stanley UIF Mid Cap primarily in common stocks and other equity Investment Management Growth Portfolio, securities. Inc. Class II Shares (previously Van Kampen's UIF Mid Cap Growth Portfolio, Class II Shares) ---------------------------------------------------------------------------------------- Neuberger Berman Seeks long-term growth of capital by Neuberger Berman Advisers investing primarily in common stocks of Management LLC Management Trust foreign companies. International Portfolio (Class S) ---------------------------------------------------------------------------------------- Neuberger Berman Seeks long-term growth of capital by Neuberger Berman Advisers investing primarily in securities of Management LLC Management Trust companies that meet the Fund's financial Socially criteria and social policy. Responsive Portfolio (Class S) ---------------------------------------------------------------------------------------- Oppenheimer Seeks long-term capital appreciation. OppenheimerFunds, Inc. Global Securities Fund/VA, Service Shares ---------------------------------------------------------------------------------------- Oppenheimer Seeks high current income by investing OppenheimerFunds, Inc. Global Strategic mainly in debt securities. Income Fund/VA, Service Shares ---------------------------------------------------------------------------------------- Oppenheimer Main Seeks capital appreciation. OppenheimerFunds, Inc. Street Small- & Mid-Cap Fund(R)/VA Service Shares (previously Oppenheimer Main Street Small Cap Fund/VA, Service Shares) ---------------------------------------------------------------------------------------- Oppenheimer Value Seeks long-term growth of capital by OppenheimerFunds, Inc. Fund/VA, Service investing primarily in common stocks with Shares low price-earnings ratios and better than anticipated earnings. Realization of income is a secondary consideration. ---------------------------------------------------------------------------------------- PIMCO VIT All Seeks maximum real return consistent with Pacific Investment Asset Portfolio, preservation of real capital and prudent Management Company LLC Advisor Share investment management. Class ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Aggr- consistent with an aggressive level of Investment Advisers, LLC essive Portfolio risk. This is a "fund of funds" and seeks (Class 2) to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a small amount in underlying funds that invest in fixed income securities. ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Aggr- consistent with an aggressive level of Investment Advisers, LLC essive Portfolio risk. This is a "fund of funds" and seeks (Class 4) to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a small amount in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Cons- consistent with a conservative level of Investment Advisers, LLC ervative risk. This is a "fund of funds" and seeks Portfolio (Class to achieve its objective by investing in a 2) combination of underlying funds. The fund invests primarily in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Cons- consistent with a conservative level of Investment Advisers, LLC ervative risk. This is a "fund of funds" and seeks Portfolio (Class to achieve its objective by investing in a 4) combination of underlying funds. The fund invests primarily in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Davis Investment Advisers, New York Venture LLC, adviser; Davis Fund (Class 3) Selected Advisers, L.P., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term growth of capital. Columbia Management Portfolio - Gold- Investment Advisers, man Sachs Mid Cap LLC, adviser; Goldman Value Fund (Class Sachs Asset Management, 3) L.P., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderate level of risk. Investment Advisers, LLC rate Portfolio This is a "fund of funds" and seeks to (Class 2) achieve its objective by investing in a combination of underlying funds. The fund invests primarily in a balance of underlying funds that invest in fixed income securities and underlying funds that invest in equity securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderate level of risk. Investment Advisers, LLC rate Portfolio This is a "fund of funds" and seeks to (Class 4) achieve its objective by investing in a combination of underlying funds. The fund invests primarily in a balance of underlying funds that invest in fixed income securities and underlying funds that invest in equity securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately aggressive Investment Advisers, LLC rately Aggressive level of risk. This is a "fund of funds" Portfolio (Class and seeks to achieve its objective by 2) investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a moderate amount in underlying funds that invest in fixed income securities. ----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 81
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately aggressive Investment Advisers, LLC rately Aggressive level of risk. This is a "fund of funds" Portfolio (Class and seeks to achieve its objective by 4) investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a moderate amount in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately conservative Investment Advisers, LLC rately level of risk. This is a "fund of funds" Conservative and seeks to achieve its objective by Portfolio (Class investing in a combination of underlying 2) funds. The fund invests primarily in underlying funds that invest in fixed income securities and also invests a moderate amount in underlying funds that invest in equity securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately conservative Investment Advisers, LLC rately level of risk. This is a "fund of funds" Conservative and seeks to achieve its objective by Portfolio (Class investing in a combination of underlying 4) funds. The fund invests primarily in underlying funds that invest in fixed income securities and also invests a moderate amount in underlying funds that invest in equity securities. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital appreciation. Columbia Management Portfolio - Part- Investment Advisers, ners Small Cap LLC, adviser; Barrow, Value Fund (Class Hanley, Mewhinney & 3) Strauss, Inc., Denver Investment Advisors LLC, Donald Smith & Co., Inc., River Road Asset Management, LLC and Turner Investment Partners, Inc., subadvisers. ---------------------------------------------------------------------------------------- Wanger Seeks long-term capital appreciation. Columbia Wanger Asset International Management, LLC ---------------------------------------------------------------------------------------- Wanger USA Seeks long-term capital appreciation. Columbia Wanger Asset Management, LLC ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Core Management, LLC, Equity adviser; Wells Capital Fund - Class 2 Management Inc., sub- (previously Wells adviser. Fargo Advantage VT Core Equity Fund) ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Management, LLC, International adviser; Wells Capital Equity Management Inc., sub- Fund - Class 2 adviser. ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Management, LLC, Opportunity adviser; Wells Capital Fund - Class 2 Management Inc., sub- (previously Wells adviser. Fargo Advantage VT Opportunity Fund) ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Management, LLC, Small Cap Growth adviser; Wells Capital Fund - Class 2 Management Inc., sub- (previously Wells adviser. Fargo Advantage VT Small Cap Growth Fund) ----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 83 APPENDIX B: EXAMPLE -- MARKET VALUE ADJUSTMENT (MVA) AS THE EXAMPLES BELOW DEMONSTRATE, THE APPLICATION OF AN MVA MAY RESULT IN EITHER A GAIN OR A LOSS OF PRINCIPAL. WE REFER TO ALL OF THE TRANSACTIONS DESCRIBED BELOW AS "EARLY SURRENDERS." THE EXAMPLES MAY SHOW HYPOTHETICAL CONTRACT VALUES. THESE CONTRACT VALUES DO NOT REPRESENT PAST OR FUTURE PERFORMANCE. ACTUAL CONTRACT VALUES MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS, INCLUDING BUT NOT LIMITED TO THE INVESTMENT EXPERIENCE OF THE SUBACCOUNTS, GPAS, SPECIAL DCA FIXED ACCOUNT, REGULAR FIXED ACCOUNT AND THE FEES AND CHARGES THAT APPLY TO YOUR CONTRACT. GENERAL EXAMPLES ASSUMPTIONS: - You purchase a contract and allocate part of your purchase payment to the ten- year GPA; and - we guarantee an interest rate of 3.0% annually for your ten-year Guarantee Period; and - after three years, you decide to make a surrender from your GPA. In other words, there are seven years left in your guarantee period. Remember that the MVA depends partly on the interest rate of a new GPA for the same number of years as the Guarantee Period remaining on your GPA. In this case, that is seven years. EXAMPLE 1: Remember that your GPA is earning 3.0%. Assume at the time of your surrender new GPAs that we offer with a seven-year Guarantee Period are earning 3.5%. We add 0.10% to the 3.5% rate to get 3.6%. Your GPA's 3.0% rate is less than the 3.6% rate so the MVA will be negative. EXAMPLE 2: Remember again that your GPA is earning 3.0%, and assume that new GPAs that we offer with a seven-year Guarantee Period are earning 2.5%. We add 0.10% to the 2.5% rate to get 2.6%. In this example, since your GPA's 3.0% rate is greater than the 2.6% rate, the MVA will be positive. To determine that adjustment precisely, you will have to use the formula described below. SAMPLE MVA CALCULATIONS The precise MVA formula we apply is as follows: 1 + I EARLY WITHDRAWAL AMOUNT X [( --------------- ) (N/12) - 1] = MVA 1 + J + .001
Where i = rate earned in the GPA from which amounts are being transferred or surrendered. j = current rate for a new Guaranteed Period equal to the remaining term in the current Guarantee Period (rounded up to the next year). n = number of months remaining in the current Guarantee Period (rounded up to the next month). EXAMPLES -- MVA Using assumptions similar to those we used in the examples above: - You purchase a contract and allocate part of your purchase payment to the ten- year GPA; and - we guarantee an interest rate of 3.0% annually for your ten-year Guarantee Period; and - after three years, you decide to make a $1,000 surrender from your GPA. In other words, there are seven years left in your guarantee period. EXAMPLE 1: You request an early surrender of $1,000 from your ten-year GPA earning a guaranteed interest rate of 3.0%. Assume at the time of your surrender new GPAs that we offer with a seven-year Guarantee Period are earning 3.5%. Using the formula above, we determine the MVA as follows: 1.030 $1,000 X [( --------------- ) (84/12) - 1] = -$39.84 1 + .035 + .001
In this example, the MVA is a negative $39.84. -------------------------------------------------------------------------------- 84 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS EXAMPLE 2: You request an early surrender of $1,000 from your ten-year GPA earning a guaranteed interest rate of 3.0%. Assume at the time of your surrender new GPAs that we offer with a seven-year Guarantee Period are earning 2.5%. Using the formula above, we determine the MVA as follows: 1.030 $1,000 X [( --------------- ) (84/12) - 1] = $27.61 1 + .025 + .001
In this example, the MVA is a positive $27.61. We do not apply MVAs to the amounts we deduct for surrender charges, so we would deduct the surrender charge from your early surrender after we applied the MVA. Also note that when you request an early surrender, we surrender an amount from your GPA that will give you the net amount you requested after we apply the MVA and any applicable surrender charge, unless you request otherwise. The current interest rate we offer on the GPA will change periodically at our discretion. It is the rate we are then paying on purchase payments, renewals and transfers paid under this class of contracts for Guarantee Period durations equaling the remaining Guarantee Period of the GPA to which the formula is being applied. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 85 APPENDIX C: EXAMPLE -- SURRENDER CHARGES THE PURPOSE OF THIS APPENDIX IS TO ILLUSTRATE THE VARIOUS SURRENDER CHARGE CALCULATIONS. THE EXAMPLES MAY SHOW HYPOTHETICAL CONTRACT VALUES. THESE CONTRACT VALUES DO NOT REPRESENT PAST OR FUTURE PERFORMANCE. ACTUAL CONTRACT VALUES MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS, INCLUDING BUT NOT LIMITED TO THE INVESTMENT EXPERIENCE OF THE SUBACCOUNTS, GPAS, SPECIAL DCA FIXED ACCOUNT, REGULAR FIXED ACCOUNT AND THE FEES AND CHARGES THAT APPLY TO YOUR CONTRACT. FULL SURRENDER CHARGE CALCULATION -- TEN-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge for a full surrender on a RAVA 4 Advantage contract with a ten-year surrender charge schedule with the following history: - we receive a single $100,000 purchase payment; and - you surrender the contract for its total value during the fourth contract year. The surrender charge percentage is 7.0%; and - you have made no prior partial surrenders. WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT CONTRACT WITH GAIN WITH LOSS Contract Value at time of full $120,000.00 $ 80,000.00 surrender: Contract Value on prior 115,000.00 85,000.00 anniversary: STEP 1. We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: Earnings in the contract: 10% of the prior anniversary's 20,000.00 0.00 contract value: 11,500.00 8,500.00 ----------- ----------- Total Free Amount: 20,000.00 8,500.00 STEP 2. We determine the TFA that is from Purchase Payments: Total Free Amount: 20,000.00 8,500.00 Earnings in the contract: 20,000.00 0.00 Purchase Payments being Surrendered Free (PPF): 0.00 8,500.00 STEP 3. We calculate the Premium Ratio (PR): PR = [WD - TFA] / [CV - TFA] WD = 120,000.00 80,000.00 = the amount of the surrender TFA = 20,000.00 8,500.00 = the total free amount, step 1 CV = 120,000.00 80,000.00 = the contract value at the time of the surrender PR = 100% 100% = the premium ratio STEP 4. We calculate Chargeable Purchase Payments being Surrendered (CPP): CPP = PR X (PP - PPF) PR = 100% 100% = premium ratio, step 3 PP = 100,000.00 100,000.00 = purchase payments not previously surrendered PPF = 0.00 8,500.00 = purchase payments being surrendered free, step 2 CPP = 100,000.00 91,500.00
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CONTRACT CONTRACT WITH GAIN WITH LOSS STEP 5. We calculate the Surrender Charges: Chargeable Purchase Payments: 100,000.00 91,500.00 Surrender Charge Percentage: 7% 7% Surrender Charge: 7,000.00 6,405.00 STEP 6. We calculate the Net Surrender 120,000.00 80,000.00 Value: Contract Value Surrendered: Contract Charge (assessed upon (7,000.00) (6,405.00) full surrender): (30.00) (30.00) Net Full Surrender Proceeds: 112,970.00 73,565.00
PARTIAL SURRENDER CHARGE CALCULATION -- TEN-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge for a partial surrender on a RAVA 4 Advantage contract with a ten-year surrender charge schedule with the following history: - we receive a single $100,000 purchase payment; and - you request a gross partial surrender of $50,000 during the fourth contract year. The surrender charge percentage is 7.0%; and - you have made no prior partial surrenders. WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT CONTRACT WITH GAIN WITH LOSS Contract Value at time of $120,000.00 $ 80,000.00 partial surrender: Contract Value on prior 115,000.00 85,000.00 anniversary: STEP 1. We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: Earnings in the contract: 20,000.00 0.00 10% of the prior anniversary's 11,500.00 8,500.00 contract value: ----------- ----------- Total Free Amount: 20,000.00 8,500.00 STEP 2. We determine the TFA that is from Purchase Payments: Total Free Amount: 20,000.00 8,500.00 Earnings in the contract: 20,000.00 0.00 Purchase Payments being Surrendered Free (PPF): 0.00 8,500.00 STEP 3. We calculate the Premium Ratio (PR): PR = [WD - TFA] /[CV - TFA] WD = 50,000.00 50,000.00 = the amount of the surrender TFA = 20,000.00 8,500.00 = the total free amount, step 1 CV = 120,000.00 80,000.00 = the contract value at the time of surrender PR = 30% 58% = the premium ratio
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CONTRACT CONTRACT WITH GAIN WITH LOSS STEP 4. We calculate the Chargeable Purchase Payments being Surrendered (CPP): CPP = PR X (PP - PPF) PR = 30% 58% = premium ratio, step 3 PP = 100,000.00 100,000.00 = purchase payments not previously surrendered PPF = 0.00 8,500.00 = purchase payments being surrendered free, step 2 CPP = 30,000.00 53,108.39 = chargeable purchase payments being surrendered STEP 5. We calculate the Surrender Charges: Chargeable Purchase Payments: 30,000.00 53,108.39 Surrender Charge Percentage: 7% 7% Surrender Charge: 2,100 3,718 STEP 6. We calculate the Net Surrender Value: Contract Value Surrendered: 50,000.00 50,000.00 Surrender Charge: (2,100.00) (3,717.59) Net Partial Surrender 47,900.00 46,282.41 Proceeds:
FULL SURRENDER CHARGE CALCULATION -- THREE-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge for a full surrender on a RAVA 4 Select contract with a three-year surrender charge schedule with the following history: - we receive a single $100,000 purchase payment; and - you surrender the contract for its total value during the second contract year. The surrender charge percentage is 7.0%; and - you have made no prior partial surrenders. WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT CONTRACT WITH GAIN WITH LOSS Contract Value at time of full $120,000.00 $ 80,000.00 surrender: Contract Value on prior 115,000.00 85,000.00 anniversary: STEP 1. We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: Earnings in the Contract: 20,000.00 0.00 10% of the prior anniversary's contract value: 11,500.00 8,500.00 ----------- ----------- Total Free Amount: 20,000.00 8,500.00 STEP 2. We determine the TFA and Amount Free that is from Purchase Payments: Total Free Amount: 20,000.00 8,500.00 Earnings in the contract: 20,000.00 0.00 Purchase Payments being Surrendered Free (PPF): 0.00 8,500.00
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CONTRACT CONTRACT WITH GAIN WITH LOSS STEP 3. We calculate the Premium Ratio (PR): PR = [WD - TFA] /[CV - TFA] WD = 120,000.00 80,000.00 = the amount of the surrender TFA = 20,000.00 8,500.00 = the total free amount, step 1 CV = 120,000.00 80,000.00 = the contract value at the time of the surrender PR = 100% 100% STEP 4. We calculate Chargeable Purchase Payments being Surrendered (CPP): CPP = PR X (PP - PPF) PR = 100% 100% = premium ratio, step 3 PP = 100,000.00 100,000.00 = purchase payments not previously surrendered PPF = 0.00 8,500.00 = purchase payments being surrendered free, step 2 CPP = 100,000.00 91,500.00 STEP 5. We calculate the Surrender Charges: Chargeable Purchase Payments: 100,000.00 91,500.00 Surrender Charge Percentage: 7% 7% Surrender Charge: 7,000.00 6,405.00 STEP 6. We calculate the Net Surrender 120,000.00 80,000.00 Value: Contract Value Surrendered: (7,000.00) (6,405.00) Contract Charge (assessed upon full surrender): (30.00) (30.00) Net Full Surrender Proceeds: 112,970.00 73,565.00
PARTIAL SURRENDER CHARGE CALCULATION -- THREE-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge for a partial surrender on a RAVA 4 Select contract with a three-year surrender charge schedule with the following history: - we receive a single $100,000 purchase payment; and - you request a gross partial surrender of $50,000 during the second contract year. The surrender charge percentage is 7.0%; and - you have made no prior partial surrenders. WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT CONTRACT WITH GAIN WITH LOSS Contract Value at time of $120,000.00 $ 80,000.00 partial surrender: Contract Value on prior 115,000.00 85,000.00 anniversary: STEP 1. We determine the Total Free Amount (TFA) available in the contract as the greatest of the earnings or 10% of the prior anniversary value: Earnings in the contract: 20,000.00 0.00 10% of the prior anniversary's contract value: 11,500.00 8,500.00 ----------- ----------- Total Free Amount: 20,000.00 8,500.00
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 89
CONTRACT CONTRACT WITH GAIN WITH LOSS STEP 2. We determine the Amount Free that is from Purchase Payments: Total Free Amount: 20,000.00 8,500.00 Earnings in the contract: 20,000.00 0.00 Purchase Payments being Surrendered Free (PPF): 0.00 8,500.00 STEP 3. We calculate the Premium Ratio (PR): PR = [WD - TFA] /[CV - TFA] WD = 50,000.00 50,000.00 = the amount of the surrender TFA = 20,000.00 8,500.00 = the total free amount, step 1 CV = 120,000.00 80,000.00 = the contract value at the time of surrender PR = 30% 58% = the premium ratio STEP 4. We calculate the Chargeable Purchase Payments being Surrendered (CPP): CPP = PR X (PP - PPF) PR = 30% 58% = premium ratio, step 3 PP = 100,000.00 100,000.00 = purchase payments not previously surrendered PPF = 0.00 8,500.00 = purchase payments being surrendered free, step 2 CPP = 30,000.00 53,108.39 = chargeable purchase payments being surrendered STEP 5. We calculate the Surrender Charges: Chargeable Purchase Payments: 30,000.00 53,108.39 Surrender Charge Percentage: 7% 7% Surrender Charge: 2,100 3,718 STEP 6. We calculate the Net Surrender Value: Contract Value Surrendered: 50,000.00 50,000.00 Surrender Charge: (2,100.00) (3,717.59) Net Partial Surrender 47,900.00 46,282.41 Proceeds:
-------------------------------------------------------------------------------- 90 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS APPENDIX D: EXAMPLE -- OPTIONAL DEATH BENEFITS THE PURPOSE OF THIS APPENDIX IS TO ILLUSTRATE THE OPERATION OF VARIOUS OPTIONAL DEATH BENEFIT RIDERS. IN ORDER TO DEMONSTRATE THESE CONTRACT RIDERS, AN EXAMPLE MAY SHOW HYPOTHETICAL CONTRACT VALUES. THESE CONTRACT VALUES DO NOT REPRESENT PAST OR FUTURE PERFORMANCE. ACTUAL CONTRACT VALUES MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS, INCLUDING BUT NOT LIMITED TO THE INVESTMENT EXPERIENCE OF THE SUBACCOUNTS, GPAS, SPECIAL DCA FIXED ACCOUNT, REGULAR FIXED ACCOUNT AND THE FEES AND CHARGES THAT APPLY TO YOUR CONTRACT. THE EXAMPLES OF THE OPTIONAL DEATH BENEFITS IN APPENDIX INCLUDE PARTIAL SURRENDERS TO ILLUSTRATE THE EFFECT OF PARTIAL SURRENDERS ON THE PARTICULAR BENEFIT. THESE EXAMPLES ARE INTENDED TO SHOW HOW THE OPTIONAL DEATH BENEFITS OPERATE, AND DO NOT TAKE INTO ACCOUNT WHETHER A PARTICULAR OPTIONAL DEATH BENEFIT IS PART OF A QUALIFIED ANNUITY. QUALIFIED ANNUITIES ARE SUBJECT TO RMDS AT CERTAIN AGES (SEE "TAXES -- QUALIFIED ANNUITIES -- REQUIRED MINIMUM DISTRIBUTIONS") WHICH MAY REQUIRE YOU TO TAKE PARTIAL SURRENDERS FROM THE CONTRACT. IF YOU ARE CONSIDERING THE ADDITION OF CERTAIN DEATH BENEFITS TO A QUALIFIED ANNUITY, YOU SHOULD CONSULT YOUR TAX ADVISOR PRIOR TO MAKING A PURCHASE FOR AN EXPLANATION OF THE POTENTIAL TAX IMPLICATION TO YOU. EXAMPLE -- ROPP DEATH BENEFIT - You purchase the contract (with the ROPP rider) with a payment of $20,000. - The contract value falls to $18,000, at which point you take a $1,500 partial surrender, leaving a contract value of $16,500. WE CALCULATE THE DEATH BENEFIT AS FOLLOWS: The total purchase payments minus adjustments for partial surrenders: Total purchase payments minus adjusted partial surrenders, calculated as: $20,000 $1,500 x $20,000 ------------------- = 1,667 $18,000 ------- a death benefit of: $18,333 -------
EXAMPLE -- MAV DEATH BENEFIT - You purchase the contract (with the MAV rider) with a payment of $20,000. - On the first contract anniversary the contract value grows to $24,000. - During the second contract year the contract value falls to $22,000, at which point you take a $1,500 partial surrender, leaving a contract value of $20,500. WE CALCULATE THE DEATH BENEFIT AS FOLLOWS: The maximum anniversary value immediately preceding the date of death plus any payments made since that anniversary minus adjusted partial surrenders: Greatest of your contract anniversary contract values: $24,000 plus purchase payments made since that anniversary: +0 minus adjusted partial surrenders, calculated as: $1,500 x $24,000 ---------------- = 1,636 $22,000 ------- for a death benefit of: $22,364 -------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 91 EXAMPLE -- 5-YEAR MAV DEATH BENEFIT - You purchase the contract (with the 5-Year MAV rider) with a payment of $20,000. - On the fifth contract anniversary the contract value grows to $30,000. - During the sixth contract year the contract value falls to $25,000, at which point you take a $1,500 partial surrender, leaving a contract value of $23,500. WE CALCULATE THE DEATH BENEFIT AS FOLLOWS: THE MAXIMUM 5-YEAR ANNIVERSARY VALUE IMMEDIATELY PRECEDING THE DATE OF DEATH PLUS ANY PAYMENTS MADE SINCE THAT ANNIVERSARY MINUS ADJUSTED PARTIAL SURRENDERS: Greatest of your 5-year contract anniversary contract values: $30,000 plus purchase payments made since that anniversary: +0 adjusted partial surrenders, calculated as: $1,500 x $30,000 ---------------- = 1,800 $25,000 ------- for a death benefit of: $28,200 -------
EXAMPLE -- EEB DEATH BENEFIT - You purchase the contract with a payment of $100,000 and you are under age 70. You select the seven-year surrender charge schedule, the MAV and the EEB. - During the first contract year the contract value grows to $105,000. The death benefit equals the standard death benefit, which is the contract value less purchase payment credits reversed, or $104,000. You have not reached the first contract anniversary so the EEB does not provide any additional benefit at this time. - On the first contract anniversary the contract value grows to $110,000. The death benefit equals: MAV death benefit amount (contract value): $110,000 plus the EEB which equals 40% of earnings at death (MAV death benefit amount minus payments not previously surrendered): +4,000 -------- 0.40 x ($110,000 - $100,000) = Total death benefit of: $114,000 --------
- On the second contract anniversary the contract value falls to $105,000. The death benefit equals: MAV death benefit amount (maximum anniversary value): $110,000 plus the EEB (40% of earnings at death): +4,000 -------- 0.40 x ($110,000 - $100,000) = Total death benefit of: $114,000 --------
- During the third contract year the contract value remains at $105,000 and you request a partial surrender, including the applicable 7% surrender charge, of $50,000. We will surrender $10,500 from your contract value free of charge (10% of your prior anniversary's contract value). The remainder of the surrender is subject to a 7% surrender charge because your purchase payment is two years old, so we will surrender $39,500 ($36,735 + $2,765 in surrender charges) from your contract value. Altogether, we will surrender $50,000 and pay you $48,025. We calculate purchase payments not previously surrendered as $100,000 -- $45,000 = $55,000 (remember that $5,000 of the partial surrender is contract earnings). The death benefit equals: MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): $110,000 - ($50,000 x $110,000) = ----------------------------- $57,619 $105,000 plus the EEB (40% of earnings at death): 0.40 x ($57,619 - $55,000) = +1,048 ------- Total death benefit of: $58,667 -------
- On the third contract anniversary the contract value falls by $40,000. The death benefit remains at $58,667. The reduction in contract value has no effect. -------------------------------------------------------------------------------- 92 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS - On the ninth contract anniversary the contract value grows to a new high of $200,000. Earnings at death reaches its maximum of 250% of purchase payments not previously surrendered that are one or more years old. The death benefit equals: MAV death benefit amount (contract value): $200,000 plus the EEB (40% of earnings at death) 0.40 x 2.50 x ($55,000) = +55,000 -------- Total death benefit of: $255,000 --------
- During the tenth contract year you make an additional purchase payment of $50,000 and your contract value grows to $250,500. The new purchase payment is less than one year old and so it has no effect on the EEB. The death benefit equals: MAV death benefit amount (contract value less purchase payment credits reversed): $250,000 plus the EEB (40% of earnings at death) 0.40 x 2.50 x ($55,000) = +55,000 -------- Total death benefit of: $305,000 --------
- During the eleventh contract year the contract value remains $250,500 and the "new" purchase payment is now one year old. The value of the EEB changes. The death benefit equals: MAV death benefit amount (contract value): $250,500 plus the EEB which equals 40% of earnings at death (the standard death benefit amount minus payments not previously surrendered): 0.40 x ($250,500 - $105,000) = +58,200 -------- Total death benefit of: $308,700 --------
EXAMPLE -- EEP DEATH BENEFIT - You purchase the contract with an exchange purchase payment of $100,000 and you are under age 70. You select the seven-year surrender charge schedule, the MAV and the EEP. - During the first contract year the contract value grows to $105,000. The death benefit on equals the standard death benefit amount, which is the contract value less purchase payment credits reversed, or $104,000. You have not reached the first contract anniversary so neither the EEP Part I nor Part II provides any additional benefit at this time. - On the first contract anniversary the contract value grows to $110,000. You have not reached the second contract anniversary so the EEP Part II does not provide any additional benefit at this time. The death benefit equals: MAV death benefit amount (contract value): $110,000 plus the EEP Part I which equals 40% of earnings at death (the MAV death benefit amount minus purchase payments not previously surrendered): 0.40 x ($110,000 - $100,000) = +4,000 -------- Total death benefit of: $114,000 --------
- On the second contract anniversary the contract value falls to $105,000. The death benefit equals: MAV death benefit amount (maximum anniversary value): $110,000 plus the EEP Part I (40% of earnings at death): 0.40 x ($110,000 - $100,000) = +4,000 plus the EEP Part II which in the third contract year equals 10% of exchange purchase payments identified at issue and not previously surrendered: 0.10 x $100,000 = +10,000 -------- Total death benefit of: $124,000 --------
- During the third contract year the contract value remains at $105,000 and you request a partial surrender, including the applicable 7% surrender charge, of $50,000. We will surrender $10,500 from your contract value free of charge (10% of your prior anniversary's contract value). The remainder of the surrender is subject to a 7% surrender charge because your purchase payment is two years old, so we will surrender $39,500 ($36,735 + $2,765 in surrender charges) from your contract value. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 93 Altogether, we will surrender $50,000 and pay you $47,235. We calculate purchase payments not previously surrendered as $100,000 -- $45,000 = $55,000 (remember that $5,000 of the partial surrender is contract earnings). The death benefit equals: MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): $110,000 -- ($50,000 x $110,000) -------------------- = $57,619 $105,000 plus the EEP Part I (40% of earnings at death): 0.40 x ($57,619 - $55,000) = +1,048 plus the EEP Part II which in the third contract year equals 10% of exchange purchase payments identified at issue and not previously surrendered +5,500 ------- 0.10 x $55,000 = Total death benefit of: $64,167 -------
- On the third contract anniversary the contract value falls by $40,000. The death benefit remains at $64,167. The reduction in contract value has no effect. - On the ninth contract anniversary the contract value grows to a new high of $200,000. Earnings at death reaches its maximum of 250% of purchase payments not previously surrendered that are one or more years old. Because we are beyond the fourth contract anniversary the EEP also reaches its maximum of 20%. The death benefit equals: MAV death benefit amount (contract value): $200,000 plus the EEP Part I (40% of earnings at death) ..40 x (2.50 x $55,000) = +55,000 plus the EEP Part II which after the fourth contract year equals 20% of exchange purchase payments identified at issue and not previously surrendered: 0.20 x $55,000 = +11,000 -------- Total death benefit of: $266,000 --------
- During the tenth contract year you make an additional purchase payment of $50,000 and your contract value grows to $250,500. The new purchase payment is less than one year old and so it has no effect on either the EEP Part I or EEP Part II. The death benefit equals: MAV death benefit amount (contract value less purchase payment credits reversed): $250,000 plus the EEP Part I (40% of earnings at death) ..40 x (2.50 x $55,000) = +55,000 plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments identified at issue and not previously surrendered: 0.20 x $55,000 = +11,000 -------- Total death benefit of: $316,000 --------
- During the eleventh contract year the contract value remains $250,500 and the "new" purchase payment is now one year old. The value of the EEP Part I changes but the value of the EEP Part II remains constant. The death benefit equals: MAV death benefit amount (contract value): $250,500 plus the EEP Part I which equals 40% of earnings at death (the MAV death benefit minus payments not previously surrendered): 0.40 x ($250,500 - $105,000) = +58,200 plus the EEP Part II, which after the fourth contract year equals 20% of exchange purchase payments identified at issue and not previously surrendered: 0.20 x +11,000 $55,000 = -------- Total death benefit of: $319,700 --------
-------------------------------------------------------------------------------- 94 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS APPENDIX E: EXAMPLE -- OPTIONAL LIVING BENEFITS THE PURPOSE OF THIS APPENDIX IS TO ILLUSTRATE THE OPERATION OF VARIOUS OPTIONAL LIVING BENEFIT RIDERS. IN ORDER TO DEMONSTRATE THESE CONTRACT RIDERS, AN EXAMPLE MAY SHOW HYPOTHETICAL CONTRACT VALUES. THESE CONTRACT VALUES DO NOT REPRESENT PAST OR FUTURE PERFORMANCE. ACTUAL CONTRACT VALUES MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS, INCLUDING BUT NOT LIMITED TO THE INVESTMENT EXPERIENCE OF THE SUBACCOUNTS, GPAS, SPECIAL DCA FIXED ACCOUNT, REGULAR FIXED ACCOUNT AND THE FEES AND CHARGES THAT APPLY TO YOUR CONTRACT. THESE EXAMPLES ARE INTENDED TO SHOW HOW THE OPTIONAL RIDERS OPERATE, AND DO NOT TAKE INTO ACCOUNT WHETHER A PARTICULAR OPTIONAL RIDER IS PART OF A QUALIFIED ANNUITY. QUALIFIED ANNUITIES ARE SUBJECT TO RMDS AT CERTAIN AGES (SEE "TAXES -- QUALIFIED ANNUITIES -- REQUIRED MINIMUM DISTRIBUTIONS") WHICH MAY REQUIRE YOU TO TAKE PARTIAL SURRENDERS FROM THE CONTRACT. IF YOU ARE CONSIDERING THE ADDITION OF CERTAIN OPTIONAL RIDERS TO A QUALIFIED ANNUITY, YOU SHOULD CONSULT YOUR TAX ADVISOR PRIOR TO MAKING A PURCHASE FOR AN EXPLANATION OF THE POTENTIAL TAX IMPLICATION TO YOU. EXAMPLE -- ACCUMULATION BENEFIT The following example shows how the Accumulation Benefit rider works based on hypothetical values. It is not intended to depict investment performance of the contract. THE EXAMPLE ASSUMES: - You purchase the contract (with the Accumulation Benefit rider) with a payment of $100,000. No purchase payment credit applies. - You make no additional purchase payments. - You do not exercise the elective step-up option
HYPOTHETICAL PARTIAL SURRENDER MCAV ADJUSTMENT ACCUMULATION ASSUMED END OF (BEGINNING OF FOR PARTIAL BENEFIT CONTRACT CONTRACT YEAR YEAR) SURRENDER MCAV AMOUNT VALUE 1 0 0 100,000 0 112,000 2 0 0 102,400 0 128,000 3 0 0 108,000 0 135,000 4 0 0 108,000 0 125,000 5 0 0 108,000 0 110,000 6 2,000 1,964 106,036 0 122,000 7 0 0 112,000 0 140,000 8 0 0 112,000 0 121,000 9 5,000 4,628 107,372 0 98,000 10 0 0 107,372 22,372 85,000
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 95 EXAMPLE -- SECURESOURCE FLEX RIDERS EXAMPLE #1: LIFETIME BENEFIT NOT ESTABLISHED AT THE TIME THE CONTRACT AND RIDER ARE PURCHASED. ASSUMPTIONS: - You purchase the contract with a payment of $100,000 and make no additional payments to the contract. - You are the sole owner. You are age 61. For the joint benefit, you and your spouse are age 63. - Annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or the contract value times the ALP percentage is greater than the ALP. Applied annual step-ups are indicated in BOLD. - You elect the Moderate PN program investment option at issue.
HYPOTHETICAL CONTRACT ASSUMED BASIC BENEFIT LIFETIME BENEFIT DURATION PURCHASE PARTIAL CONTRACT ------------------------------------- ----------------- IN YEARS PAYMENTS WITHDRAWALS VALUE WAB BDP GBA RBA GBP RBP ALP RALP At Issue $100,000 NA $100,000 $100,000 0.0% $100,000 $100,000 $6,000 $ 0 NA NA 1 0 0 98,000 100,000 2.0% 100,000 100,000 6,000 0 NA NA 2 0 0 105,000 105,000 0.0% 105,000 105,000 6,300 0 NA NA 3 0 0 125,000 125,000 0.0% 125,000 125,000 7,500 7,500 NA NA 3.5 0 6,000 111,000 118,590 6.4% 125,000 119,000 7,500 1,500 NA NA 4 0 0 104,000 118,590 12.3% 125,000 119,000 7,500 7,500 7,140(1) 7,140(1) 5 0 0 90,000 118,590 24.1% 125,000 119,000 6,250(2) 6,250(2) 5,950(2) 5,950(2) 6 0 0 95,000 118,590 19.9% 125,000 119,000 7,500 7,500 7,140 7,140 6.5 0 7,500 87,500 87,500(3) 0.0% 125,000 111,500 7,500 0 5,250(3) 0 7 0 0 90,000 90,000 0.0% 125,000 111,500 7,500 7,500 5,400 5,400 7.5 0 10,000 70,000 70,000(4) 0.0% 70,000(4) 70,000(4) 4,200(4) 0 4,200(4) 0 8 0 0 75,000 75,000 0.0% 75,000 75,000 4,500 4,500 4,500 4,500
(1) The ALP and RALP are established on the contract anniversary following the date the covered person reaches age 65 (Joint benefit: younger covered spouse reaches age 67) as the RBA times the ALP percentage. (2) The ALP percentage and GBP percentage are 6% when the BDP is less than 20% and 5% when the BDP is greater than or equal to 20%. (3) The $7,500 withdrawal is greater than the $7,140 RALP allowed under the lifetime benefit and therefore excess withdrawal processing is applied to the ALP, resetting the ALP to the lesser of the prior ALP or the ALP Percentage times the contract value following the withdrawal. The WAB is reset to the ALP after the reset divided by the current ALP Percentage. The BDP at the time of withdrawal is less than 20%, so the ALP percentage and GBP percentage are set at 6% for the remainder of the contract year. (4) The $10,000 withdrawal is greater than both the $7,500 RBP allowed under the basic benefit and the $5,400 RALP allowed under the lifetime benefit and therefore excess withdrawal processing is applied to both benefits. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or the ALP percentage times the contract value following the withdrawal. The WAB is reset to the ALP after the reset divided by the current ALP percentage. The BDP at the time of withdrawal is less than 20%, so the ALP percentage and GBP percentage are set at 6% for the remainder of the contract year. -------------------------------------------------------------------------------- 96 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS EXAMPLE #2: LIFETIME BENEFIT ESTABLISHED AT THE TIME THE CONTRACT AND RIDER ARE PURCHASED. ASSUMPTIONS: - You purchase the contract with a payment of $100,000 and make no additional payments to the contract. - You are the sole owner. You (and your spouse for the joint benefit) are age 67. - Annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or the contract value times the ALP percentage is greater than the ALP. Applied annual step-ups are indicated in BOLD. - You elect the Moderate PN program investment option at issue. On the 7th contract anniversary, you elect to change to the Moderately Aggressive PN program investment option. The target PN program investment option under the contract is the Moderate PN program investment option.
HYPOTHETICAL CONTRACT ASSUMED BASIC BENEFIT LIFETIME BENEFIT DURATION PURCHASE PARTIAL CONTRACT ------------------------------------- ----------------- IN YEARS PAYMENTS WITHDRAWALS VALUE WAB BDP GBA RBA GBP RBP ALP RALP At Issue $100,000 NA $100,000 $100,000 0.0% $100,000 $100,000 $6,000 $ 0 $6,000 $ 0 1 0 0 105,000 105,000 0.0% 105,000 105,000 6,300 0 6,300 0 2 0 0 110,000 110,000 0.0% 110,000 110,000 6,600 0 6,600 0 3 0 0 105,000 110,000 4.5% 110,000 110,000 6,600 6,600(1) 6,600 6,600(1) 3.5 0 6,000 99,000 103,714 4.5% 110,000 104,000 6,600 600 6.600 600 4 0 0 95,000 103,714 8.4% 110,000 104,000 6,600 6,600 6,600 6,600 5 0 0 75,000 103,714 27.7% 90,000 104,000 5,500(2) 5,500(2) 5,500(2) 5,500(2) 5.5 0 10,000 70,000 70,000(3) 0.0% 70,000 70,000 3,500(3) 3,500(3) 3,500(3) 3,500(3) 6 0 0 75,000 75,000 0.0% 75,000 75,000 4,500 4,500 4,500 4,500 7 0 0 70,000 70,000(4) 0.0% 70,000(4) 70,000(4) 4,200(4) 4,200(4) 4,200(4) 4,200(4)
(1) At the end of the 3-Year waiting period, the RBP and RALP are set equal to the GBP and ALP, respectively. (2) The ALP percentage and GBP percentage are 6% when the BDP is less than 20% and 5% when the BDP is greater than or equal to 20%. (3) The $10,000 withdrawal is greater than both the $5,500 RBP and RALP allowed under the basic benefit and lifetime benefit, therefore excess withdrawal processing is applied to both benefits. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or the ALP percentage times the contract value following the withdrawal. The WAB is reset to the ALP after the reset divided by the current ALP percentage. The BDP at the time of withdrawal is greater than or equal to 20%, so the ALP percentage and GBP percentage are set at 5% for the remainder of the contract year. (4) Allocation to the Moderately Aggressive PN program investment option during a withdrawal phase will reset the benefit. The GBA is reset to the lesser of the prior GBA or the contract value. The RBA is reset to the lesser of the prior RBA or the contract value. The ALP is reset to the lesser of the prior ALP or the ALP percentage times the contract value. Any future withdrawals will reallocate your contract value to the Moderate PN program investment option if you are invested more aggressively than the Moderate PN program investment option. The WAB is reset to the ALP after the reset divided by the current ALP percentage. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 97 EXAMPLE -- SECURESOURCE RIDERS EXAMPLE #1: SINGLE LIFE BENEFIT: COVERED PERSON HAS NOT REACHED AGE 65 AT THE TIME THE CONTRACT AND RIDER ARE PURCHASED. ASSUMPTIONS: - You purchase the contract with a payment of $100,000 and make no additional payments to the contract. - You are the sole owner and also the annuitant. You are age 60. - Automatic annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or 6% of the contract value is greater than the ALP. Applied annual step-ups are indicated in BOLD. - You elect the Moderate PN program investment option at issue. On the 1st contract anniversary, you elect to change to the Moderately Aggressive investment option. The target PN program investment option under the contract is the Moderate investment option.
HYPOTHETICAL LIFETIME WITHDRAWAL CONTRACT ASSUMED BASIC WITHDRAWAL BENEFIT BENEFIT DURATION PURCHASE PARTIAL CONTRACT ------------------------------------------- ------------------- IN YEARS PAYMENTS WITHDRAWALS VALUE GBA RBA GBP RBP ALP RALP At Issue $100,000 $ N/A $100,000 $100,000 $100,000 $7,000 $7,000 $ N/A $ N/A 0.5 0 5,000 92,000 100,000 95,000 7,000 2,000 N/A N/A 1 0 0 90,000 90,000(1) 90,000(1) 6,300 6,300 N/A N/A 2 0 0 81,000 90,000 90,000 6,300 6,300 N/A N/A 5 0 0 75,000 90,000 90,000 6,300 6,300 5,400(2) 5,400(2) 5.5 0 5,400 70,000 90,000 84,600 6,300 900 5,400 0 6 0 0 69,000 90,000 84,600 6,300 6,300 5,400 5,400 6.5 0 6,300 62,000 90,000 78,300 6,300 0 3,720(3) 0 7 0 0 64,000 90,000 78,300 6,300 6,300 3,840 3,840 7.5 0 10,000 51,000 51,000(4) 51,000(4) 3,570 0 3,060(4) 0 8 0 0 55,000 55,000 55,000 3,850 3,850 3,300 3,300
At this point, assuming no additional activity (step ups, excess withdrawals, purchase payments, spousal continuation, contract ownership change, or PN program investment option changes), you can continue to withdraw up to either the GBP of $3,850 each year until the RBA is reduced to zero, or the ALP of $3,300 each year until the later of your death or the RBA is reduced to zero. (1) Allocation to the Moderately Aggressive investment option during a withdrawal phase will reset the benefit. The GBA is reset to the lesser of the prior GBA or the contract value. The RBA is reset to the lesser of the prior RBA or the contract value. The ALP (if established) is reset to the lesser of the prior ALP or 6% of the contract value. Any future withdrawals will reallocate your contract value to the Moderate investment option if you are invested more aggressively than the Moderate investment option. (2) The ALP and RALP are established on the contract anniversary date following the date the covered person reaches age 65 as 6% of the RBA. (3) The $6,300 withdrawal is greater than the $5,400 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the ALP, resetting the ALP to the lesser of the prior ALP or 6% of the contract value following the withdrawal. (4) The $10,000 withdrawal is greater than both the $6,300 RBP allowed under the basic withdrawal benefit and the $3,840 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the GBA, RBA, and ALP. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or 6% of the contract value following the withdrawal. -------------------------------------------------------------------------------- 98 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS EXAMPLE #2: SINGLE LIFE BENEFIT: COVERED PERSON HAS REACHED 65 AT THE TIME THE CONTRACT AND RIDER ARE PURCHASED. ASSUMPTIONS: - You purchase the contract with a payment of $100,000 and make no additional payments to the contract. - You are the sole owner and also the annuitant. You are age 65. - Automatic annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or 6% of the contract value is greater than the ALP. Applied annual step-ups are indicated in BOLD. - Your death occurs after 6 1/2 contract years and your spouse continues the contract and rider. Your spouse is over age 65 and is the new covered person.
HYPOTHETICAL LIFETIME WITHDRAWAL CONTRACT ASSUMED BASIC WITHDRAWAL BENEFIT BENEFIT DURATION PURCHASE PARTIAL CONTRACT ------------------------------------------- ------------------- IN YEARS PAYMENTS WITHDRAWALS VALUE GBA RBA GBP RBP ALP RALP At Issue $100,000 $ N/A $100,000 $100,000 $100,000 $7,000 $7,000 $6,000 $6,000 1 0 0 105,000 105,000 105,000 7,350 7,000(1) 6,300 6,000(1) 2 0 0 110,000 110,000 110,000 7,700 7,000(1) 6,600 6,000(1) 3 0 0 110,000 110,000 110,000 7,700 7,700(2) 6,600 6,600(2) 3.5 0 6,600 110,000 110,000 103,400 7,700 1,100 6,600 0 4 0 0 115,000 115,000 115,000 8,050 8,050 6,900 6,900 4.5 0 8,050 116,000 115,000 106,950 8,050 0 6,900(3) 0 5 0 0 120,000 120,000 120,000 8,400 8,400 7,200 7,200 5.5 0 10,000 122,000 120,000(4) 110,000(4) 8,400 0 7,200(4) 0 6 0 0 125,000 125,000 125,000 8,750 8,750 7,500 7,500 6.5 0 0 110,000 125,000 125,000 8,750 8,750 6,600(5) 6,600(5) 7 0 0 105,000 125,000 125,000 8,750 8,750 6,600 6,600
At this point, assuming no additional activity (step ups, excess withdrawals, purchase payments, contract ownership change, or PN program investment option changes), your spouse can continue to withdraw up to either the GBP of $8,750 each year until the RBA is reduced to zero, or the ALP of $6,600 each year until the later of your spouse's death or the RBA is reduced to zero. (1) The annual step-up has not been applied to the RBP or RALP because any withdrawal after step up during the waiting period would reverse any prior step ups prior to determining if the withdrawal is excess. Therefore, during the waiting period, the RBP is the amount you can withdraw without incurring the GBA and RBA excess withdrawal processing, and the RALP is the amount you can withdraw without incurring the ALP excess withdrawal processing. (2) On the third anniversary (after the end of the waiting period), the RBP and RALP are set equal to the GBP and ALP, respectively. (3) The $8,050 withdrawal is greater than the $6,900 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the ALP, resetting the ALP to the lesser of the prior ALP or 6% of the contract value following the withdrawal. (4) The $10,000 withdrawal is greater than both the $8,400 RBP allowed under the basic withdrawal benefit and the $7,200 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the GBA, RBA, and ALP. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or 6% of the contract value following the withdrawal. (5) At spousal continuation, the ALP is reset to the lesser of the prior ALP or 6% of the contract value and the RALP is reset to the ALP. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 99 EXAMPLE #3: JOINT LIFE BENEFIT: YOUNGER COVERED SPOUSE HAS NOT REACHED 65 AT THE TIME THE CONTRACT AND RIDER ARE PURCHASED. ASSUMPTIONS: - You purchase the contract with a payment of $100,000 and make no additional payments to the contract. - You are age 59 and your spouse is age 60. - Automatic annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or 6% of the contract value is greater than the ALP. Applied annual step-ups are indicated in BOLD. - You elect the Moderate PN program investment option at issue. On the 1st contract anniversary, you elect to change to the Moderately Aggressive investment option. The target investment option under the contract is the Moderate investment option. - Your death occurs after 9 1/2 contract years and your spouse continues the contract and rider; the lifetime benefit is not reset.
HYPOTHETICAL LIFETIME WITHDRAWAL CONTRACT ASSUMED BASIC WITHDRAWAL BENEFIT BENEFIT DURATION PURCHASE PARTIAL CONTRACT ------------------------------------------- ------------------- IN YEARS PAYMENTS WITHDRAWALS VALUE GBA RBA GBP RBP ALP RALP At Issue $100,000 $ N/A $100,000 $100,000 $100,000 $7,000 $7,000 $ N/A $ N/A 0.5 0 5,000 92,000 100,000 95,000 7,000 2,000 N/A N/A 1 0 0 90,000 90,000(1) 90,000(1) 6,300 6,300 N/A N/A 2 0 0 81,000 90,000 90,000 6,300 6,300 N/A N/A 6 0 0 75,000 90,000 90,000 6,300 6,300 5,400(2) 5,400(2) 6.5 0 5,400 70,000 90,000 84,600 6,300 900 5,400 0 7 0 0 69,000 90,000 84,600 6,300 6,300 5,400 5,400 7.5 0 6,300 62,000 90,000 78,300 6,300 0 3,720(3) 0 8 0 0 64,000 90,000 78,300 6,300 6,300 3,840 3,840 8.5 0 10,000 51,000 51,000(4) 51,000(4) 3,570 0 3,060(4) 0 9 0 0 55,000 55,000 55,000 3,850 3,850 3,300 3,300 9.5 0 0 54,000 55,000 55,000 3,850 3,850 3,300 3,300 10 0 0 52,000 55,000 55,000 3,850 3,850 3,300 3,300
At this point, assuming no additional activity (step ups, excess withdrawals, purchase payments, or PN program investment option changes), your spouse can continue to withdraw up to either the GBP of $3,850 each year until the RBA is reduced to zero, or the ALP of $3,300 each year until the later of your spouse's death or the RBA is reduced to zero. (1) The ALP and RALP are established on the contract anniversary date following the date the younger covered spouse reaches age 65 as 6% of the RBA. (2) Allocation to the Moderately Aggressive investment option during a withdrawal phase will reset the benefit. The GBA is reset to the lesser of the prior GBA or the contract value. The RBA is reset to the lesser of the prior RBA or the contract value. The ALP is reset to the lesser of the prior ALP or 6% of the contract value. Any future withdrawals will reallocate your contract value to the Moderate investment option if you are invested more aggressively than the Moderate investment option. (3) The $6,300 withdrawal is greater than the $5,400 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the ALP, resetting the ALP to the lesser of the prior ALP or 6% of the contract value following the withdrawal. (4) The $10,000 withdrawal is greater than both the $6,300 RBP allowed under the basic withdrawal benefit and the $3,840 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the GBA, RBA, and ALP. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or 6% of the contract value following the withdrawal. -------------------------------------------------------------------------------- 100 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS EXAMPLE #4: JOINT LIFE BENEFIT: YOUNGER COVERED SPOUSE HAS REACHED 65 AT THE TIME THE CONTRACT AND RIDER ARE PURCHASED. ASSUMPTIONS: - You purchase the contract with a payment of $100,000 and make no additional payments to the contract. - You are age 71 and your spouse is age 70. - Automatic annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or 6% of the contract value is greater than the ALP. Applied annual step-ups are indicated in BOLD. - Your death occurs after 6 1/2 contract years and your spouse continues the contract and rider; the lifetime benefit is not reset.
HYPOTHETICAL LIFETIME WITHDRAWAL CONTRACT ASSUMED BASIC WITHDRAWAL BENEFIT BENEFIT DURATION PURCHASE PARTIAL CONTRACT ------------------------------------------- ------------------- IN YEARS PAYMENTS WITHDRAWALS VALUE GBA RBA GBP RBP ALP RALP At Issue $100,000 $ N/A $100,000 $100,000 $100,000 $7,000 $7,000 $6,000 $6,000 1 0 0 105,000 105,000 105,000 7,350 7,000(1) 6,300 6,000(1) 2 0 0 110,000 110,000 110,000 7,700 7,000(1) 6,600 6,000(1) 3 0 0 110,000 110,000 110,000 7,700 7,700(2) 6,600 6,600(2) 3.5 0 6,600 110,000 110,000 103,400 7,700 1,100 6,600 0 4 0 0 115,000 115,000 115,000 8,050 8,050 6,900 6,900 4.5 0 8,050 116,000 115,000 106,950 8,050 0 6,900(3) 0 5 0 0 120,000 120,000 120,000 8,400 8,400 7,200 7,200 5.5 0 10,000 122,000 120,000(4) 110,000(4) 8,400 0 7,200(4) 0 6 0 0 125,000 125,000 125,000 8,750 8,750 7,500 7,500 6.5 0 0 110,000 125,000 125,000 8,750 8,750 7,500 7,500 7 0 0 105,000 125,000 125,000 8,750 8,750 7,500 7,500
At this point, assuming no additional activity (step ups, excess withdrawals, purchase payments, or PN program investment option changes), your spouse can continue to withdraw up to either the GBP of $8,750 each year until the RBA is reduced to zero, or the ALP of $7,500 each year until the later of your spouse's death or the RBA is reduced to zero (1) The annual step-up has not been applied to the RBP or RALP because any withdrawal after step up during the waiting period would reverse any prior step ups prior to determining if the withdrawal is excess. Therefore, during the waiting period, the RBP is the amount you can withdraw without incurring the GBA and RBA excess withdrawal processing, and the RALP is the amount you can withdraw without incurring the ALP excess withdrawal processing. (2) On the third anniversary (after the end of the waiting period), the RBP and RALP are set equal to the GBP and ALP, respectively. (3) The $8,050 withdrawal is greater than the $6,900 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the ALP, resetting the ALP to the lesser of the prior ALP or 6% of the contract value following the withdrawal. (4) The $10,000 withdrawal is greater than both the $8,400 RBP allowed under the basic withdrawal benefit and the $7,200 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the GBA, RBA, and ALP. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or 6% of the contract value following the withdrawal. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 101 APPENDIX F: ADDITIONAL RMD DISCLOSURE This appendix describes our current administrative practice for determining the amount of withdrawals in any contract year which an owner may take under the SecureSource rider or GWB for Life rider to satisfy the RMD rules under 401(a)(9) of the Code without application of the excess withdrawal processing described in the rider. We reserve the right to modify this administrative practice at any time upon 30 days' written notice to you. For SecureSource Flex riders, owners subject to annual RMD rules under the Section 401(a)(9) of the Code, withdrawing from this contract during the waiting period to satisfy these rules will set your benefits to zero. Amounts you withdraw from this contract (for SecureSource Flex riders, amounts you withdraw from this contract after the waiting period) to satisfy these rules are not subject to excess withdrawal processing under the terms of the rider, subject to the following rules and our current administrative practice: (1) If on the date we calculated your Annual Life Expectancy Required Minimum Distribution Amount (ALERMDA), it is greater than the RBP from the beginning of the current contract year (1) - Basic Additional Benefit Amount (BABA) will be set equal to that portion of your ALERMDA that exceeds the value of the RBP from the beginning of the current contract year. (1) - Any withdrawals taken in a contract year will count first against and reduce the RBP for that contract year. These withdrawals will not be considered excess withdrawals as long as they do not exceed combined RBP and BABA values. - Once the RBP for the current contract year has been depleted, any additional amounts withdrawn will count against and reduce the BABA. These withdrawals will not be considered excess withdrawals with regard to the GBA and RBA as long as they do not exceed the remaining BABA. - Once the BABA has been depleted, any additional withdrawal amounts will be considered excess withdrawals with regard to the GBA and RBA and will subject them all to the excess withdrawal processing described by the SecureSource rider or GWB for Life rider. (2) If on the date we calculated your ALERMDA, it is greater than the RALP from the beginning of the current contract year(1), - A Lifetime Additional Benefit Amount (LABA) will be set equal to that portion of your ALERMDA that exceeds the value of RALP from the beginning of the current contract year(1). - Any withdrawals taken in a contract year will count first against and reduce the RALP for that contract year. These withdrawals will not be considered excess withdrawals as long as they do not exceed combined RALP and LABA values. - Once the RALP for the current contract year has been depleted, any additional amounts withdrawn will count against and reduce the LABA. These withdrawals will not be considered excess withdrawals with regard to the ALP as long as they do not exceed the remaining LABA. - Once the LABA has been depleted, any additional withdrawal amounts will be considered excess withdrawals with regard to the ALP and will subject the ALP to the excess withdrawal processing described by the SecureSource or GWB for Life rider. (3) If the ALP is established on a contract anniversary where your current ALERMDA is greater than the new RALP, - An initial LABA will be set equal to that portion of your ALERMDA that exceeds the new RALP. - This new LABA will be immediately reduced by the amount that total withdrawals in the current calendar year exceed the new RALP, but shall not be reduced to less than zero. (1) For SecureSource Flex riders, adjusted for any subsequent changes between 5% and 6% as described under "GBP Percentage and ALP Percentage." The ALERMDA is: (1) determined by us each calendar year (for SecureSource Flex riders, starting with the one in which the waiting period ends); (2) based on your initial purchase payment and not the entire interest value in the calendar year of contract issue and therefore may not be sufficient to allow you to withdraw your RMD without causing an excess withdrawal; (3) based solely on the value of the contract to which the SecureSource rider is attached as of the date we make the determination; (4) based on your recalculated life expectancy taken from the Uniform Lifetime Table under the Code (applicable only to SecureSource riders); and -------------------------------------------------------------------------------- 102 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS (5) based on the company's understanding and interpretation of the requirements for life expectancy distributions intended to satisfy the required minimum distribution rules under Code Section 401(a)(9) and the Treasury Regulations promulgated thereunder as applicable on the effective date of this prospectus, to: 1. IRAs under Section 408(b) of the Code; 2. Roth IRAs under Section 408A of the Code; 3. SIMPLE IRAs under Section 408(p) of the Code; 4. Simplified Employee Pension IRA (SEP) plans under Section 408(k) of the Code; 5. Custodial and investment only plans under Section 401(a) of the Code; 6. TSAs under Section 403(b) of the Code. In the future, the requirements under tax law for such distributions may change and the life expectancy amount calculation provided under your SecureSource rider or GWB for Life rider may not be sufficient to satisfy the requirements under the tax law for these types of distributions. In such a situation, amounts withdrawn to satisfy such distribution requirements will exceed your available RBP or RALP amount and may result in the reduction of your GBA, RBA, and/or ALP as described under the excess withdrawal provision of the rider. In cases where the Code does not allow the life expectancy of a natural person to be used to calculate the required minimum distribution amount (e.g., some ownerships by trusts and charities), we will calculate the life expectancy RMD amount as zero in all years. Please consult your tax advisor about the impact of these rules prior to purchasing the SecureSource rider. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 103 APPENDIX G: GUARANTOR WITHDRAWAL BENEFIT FOR LIFE RIDER DISCLOSURE GUARANTOR WITHDRAWAL BENEFIT FOR LIFE (GWB FOR LIFE) RIDER THE GWB FOR LIFE RIDER IS NO LONGER AVAILABLE FOR SALE. The GWB for Life rider is an optional benefit that you may select for an additional annual charge if: - the rider is available in your state; and - you are age 80 or younger on the contract issue date; or, if an owner is a nonnatural person, then the annuitant is age 80 or younger on the contract issue date. The GWB for Life rider is not available under an inherited qualified annuity. You must have elected the GWB for Life rider when you purchased your contract. The rider effective date will be the contract issue date. It is available for nonqualified annuities and qualified annuities except under 401(a) plans. The GWB for Life rider guarantees that you will be able to withdraw up to a certain amount each year from the contract, regardless of the investment performance of your contract before the annuity payments begin, until you have recovered at minimum all of your purchase payments plus any purchase payment credits. And, under certain limited circumstances defined in the rider, you have the right to take a specified amount of partial withdrawals in each contract year until death (see "At Death" heading below) -- even if the contract value is zero. Your contract provides for annuity payouts to begin on the settlement date (see "Buying Your Contract -- Settlement Date"). Before the settlement date, you have the right to surrender some or all of your contract value, less applicable administrative, surrender and rider charges imposed under the contract at the time of the surrender (see "Surrenders"). Because your contract value will fluctuate depending on the performance of the underlying funds in which the subaccounts invest, the contract itself does not guarantee that you will be able to take a certain surrender amount each year before the annuity payouts begin, nor does it guarantee the length of time over which such surrenders can be made before the annuity payouts begin. The GWB for Life rider may be appropriate for you if you intend to make periodic withdrawals from your annuity contract and wish to ensure that market performance will not adversely affect your ability to withdraw your principal over time. Under the terms of the GWB for Life rider, the calculation of the amount which can be withdrawn in each contract year varies depending on several factors, including but not limited to the waiting period (see "Waiting period" heading below) and whether or not the lifetime withdrawal benefit has become effective: (1) The basic withdrawal benefit gives you the right to take limited partial withdrawals in each contract year and guarantees that over time the withdrawals will total an amount equal to, at minimum, your purchase payments plus any purchase payment credits. Key terms associated with the basic withdrawal benefit are "Guaranteed Benefit Payment (GBP)," "Remaining Benefit Payment (RBP)," "Guaranteed Benefit Amount (GBA)," and "Remaining Benefit Amount (RBA)." See these headings below for more information. (2) The lifetime withdrawal benefit gives you the right, under certain limited circumstances defined in the rider, to take limited partial withdrawals until the later of death (see "At Death" heading below) or until the RBA (under the basic withdrawal benefit)is reduced to zero. Key terms associated with the lifetime withdrawal benefit are "Annual Lifetime Payment (ALP)," "Remaining Annual Lifetime Payment (RALP)," "Covered Person," and "Annual Lifetime Payment Attained Age (ALPAA)." See these headings below for more information. Only the basic withdrawal benefit will be in effect prior to the date that the lifetime withdrawal benefit becomes effective. The lifetime withdrawal benefit becomes effective automatically on the rider anniversary date after the covered person reaches age 65 or the rider effective date if the covered person is age 65 or older on the rider effective date (see "Annual Lifetime Payment Attained Age (ALPAA)" heading below). Provided the annuity payouts have not begun, the GWB for Life rider guarantees that you may take the following partial withdrawal amounts each contract year: - After the waiting period and before the establishment of the ALP, the rider guarantees that each contract year you can cumulatively withdraw an amount equal to the GBP; - During the waiting period and before the establishment of the ALP, the rider guarantees that each contract year you can cumulatively withdraw an amount equal to the value of the RBP at the beginning of the contract year; - After the waiting period and after the establishment of the ALP, the rider guarantees that each contract year you have the option to cumulatively withdraw an amount equal to the ALP or the GBP, but the rider does not guarantee withdrawals of the sum of both the ALP and the GBP in a contract year; -------------------------------------------------------------------------------- 104 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS - During the waiting period and after the establishment of the ALP, the rider guarantees that each contract year you have the option to cumulatively withdraw an amount equal to the value of the RALP or the RBP at the beginning of the contract year, but the rider does not guarantee withdrawals of the sum of both the RALP and the RBP in a contract year. If you withdraw less than the allowed partial withdrawal amount in a contract year, the unused portion cannot be carried over to the next contract year. As long as your partial withdrawals in each contract year do not exceed the annual partial withdrawal amount allowed under the rider, and there has not been a contract ownership change or spousal continuation of the contract, the guaranteed amounts available for partial withdrawals are protected (i.e., will not decrease). If you withdraw more than the allowed partial withdrawal amount in a contract year, we call this an "excess withdrawal" under the rider. Excess withdrawals trigger an adjustment of a benefit's guaranteed amount, which may cause it to be reduced (see "GBA Excess Withdrawal Processing", "RBA Excess Withdrawal Processing", and "ALP Excess Withdrawal Processing" headings below). Please note that each of the two benefits has its own definition of the allowed annual withdrawal amount. Therefore, a partial withdrawal may be considered an excess withdrawal for purposes of the lifetime withdrawal benefit only, basic benefit only, or both. If your withdrawals exceed the greater of the RBP or the RALP, surrender charges under the terms of the contract may apply (see "Charges -- Surrender Charges"). The amount we actually deduct from your contract value will be the amount you request plus any applicable surrender charge. Market value adjustments, if applicable, will also be made (see "Guarantee Period Accounts (GPAs) -- Market Value Adjustment"). We pay you the amount you request. Any partial withdrawals you take under the contract will reduce the value of the death benefits. (see "Benefits in Case of Death" and "Optional Benefits"). Upon full surrender of the contract, you will receive the remaining contract value less any applicable charges (see "Surrenders"). The rider's guaranteed amounts can be increased at the specified intervals if your contract value has increased. An annual step up feature is available at each contract anniversary, subject to certain conditions, and may be applied automatically to your contract or may require you to elect the step up (see "Annual Step Up" heading below). If you exercise the annual step up election, the spousal continuation step up election (see "Spousal Continuation Step Up" heading below) or change your PN program investment option, the rider charge may increase (see "Charges"). If you take withdrawals during the waiting period, any prior steps ups applied will be reversed and step ups will not be available until the end of waiting period. You may take withdrawals after the waiting period without reversal of prior step ups. You should consider whether the GWB for Life rider is appropriate for you because: - LIFETIME WITHDRAWAL BENEFIT LIMITATIONS: The lifetime withdrawal benefit is subject to certain limitations, including but not limited to: (a) Once the contract value is less than $600*, payments are made for as long as the oldest owner or, if an owner is a nonnatural person, the oldest annuitant, is living (see "If Contract Value Reduces to Less than $600" heading below). However, if the contract value is $600 or greater, the lifetime withdrawal benefit terminates when a death benefit becomes payable (see "At Death" heading below). Therefore, if there are multiple contract owners, the rider may terminate or the lifetime benefit may be reduced. When one of the contract owners dies the benefit terminates even though other contract owners are still living (except, if the contract is continued under the spousal continuation provision of the contract). * Under our current administrative practice, we allow the minimum contract value to be $0. Therefore, these limitations will only apply when the contract value is reduced to zero. (b) Excess withdrawals can reduce the ALP to zero even though the GBA, RBA, GBP and/or RBP values are greater than zero. If the both the ALP and the contract value are zero, the lifetime withdrawal benefit will terminate. (c) When the lifetime withdrawal benefit is first established, the initial ALP is based on the basic withdrawal benefit's RBA at that time (see "Annual Lifetime Payment (ALP)" heading below), unless there has been a spousal continuation or ownership change. Any withdrawal you take before the ALP is established reduces the RBA and therefore may result in a lower amount of lifetime withdrawals you are allowed to take. (d) Withdrawals can reduce both the contract value and the RBA to zero prior to the establishment of the ALP. If this happens, the contract and the GWB for Life rider will terminate. - USE OF THE PORTFOLIO NAVIGATOR PROGRAM IS REQUIRED: You must be invested in one of the investment options of the PN program. This requirement limits your choice of investments. You may allocate qualifying purchase payments and applicable purchase payment credits to the Special DCA fixed account, when available (see "The Special DCA Fixed Account"), and we will make monthly transfers into the investment option you have chosen. This means you will not be able to allocate -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 105 contract value to all of the subaccounts, GPAs or the regular fixed account that are available under the contract to contract owners who do not elect this rider. (See "Making the Most of Your Contract -- Portfolio Navigator Program".) Subject to state restrictions, we reserve the right to limit the number of investment options from which you can select based on the dollar amount of purchase payments you make. - LIMITATIONS ON PURCHASE PAYMENTS: We reserve the right to limit the cumulative amount of purchase payments, subject to state restrictions. For current limitation, see "Buying Your Contract -- Purchase Payments". - LIMITATIONS ON PURCHASE OF OTHER RIDERS UNDER THIS CONTRACT: If you select the GWB for Life rider, you may not elect the Accumulation Benefit rider. - NON-CANCELABLE: Once elected, the GWB for Life rider may not be cancelled and the fee will continue to be deducted until the contract is terminated, the contract value reduces to zero (described below) or annuity payouts begin. - INTERACTION WITH TOTAL FREE AMOUNT (TFA) CONTRACT PROVISION: The TFA is the amount you are allowed to withdraw from the contract in each contract year without incurring a surrender charge (see "Charges -- Surrender Charge"). The TFA may be greater than the RBP or RALP under this rider. Any amount you withdraw under the contract's TFA provision that exceeds the RBP or RALP is subject to the excess withdrawal processing described below for the GBA, RBA and ALP. - You should consult your tax advisor before you select this optional rider if you have any questions about the use of this rider in your tax situation: - TAX CONSIDERATIONS FOR NONQUALIFIED ANNUITIES: Under current federal income tax law, withdrawals under nonqualified annuities, including partial withdrawals taken from the contract under the terms of this rider, are treated less favorably than amounts received as annuity payments under the contract. (See "Taxes -- Nonqualified Annuities".) Withdrawals are taxable income to the extent of earnings. Withdrawals of earnings before age 59 1/2 may incur a 10% IRS early withdrawal penalty. You should consult your tax advisor before you select this optional rider if you have any questions about the use of this rider in your tax situation. - TAX CONSIDERATIONS FOR QUALIFIED ANNUITIES: Qualified annuities have minimum distribution rules that govern the timing and amount of distributions from the annuity contract (see "Taxes -- Qualified Annuities -- Required Minimum Distributions.") If you have a qualified annuity, you may need to take an RMD that exceeds the guaranteed amount of withdrawal available under the rider and such withdrawals may reduce future benefits guaranteed under the rider. While the rider permits certain excess withdrawals to be made for the purpose of satisfying RMD requirements for this contract alone without reducing future benefits guaranteed under the rider, there can be no guarantee that changes in the federal income tax law after the effective date of the rider will not require a larger RMD to be taken, in which case, future guaranteed withdrawals under the rider could be reduced. You should consult your tax advisor before you select this optional rider if you have any questions about the use of this rider in your tax situation. - See Appendix F for additional information. - TAX CONSIDERATIONS FOR TSAS: If your contract is a TSA, your right to take a surrender is restricted (see "TSA -- Special Provisions"). KEY TERMS AND PROVISIONS OF THE GWB FOR LIFE RIDER ARE DESCRIBED BELOW: WITHDRAWAL: For the purposes of this rider, the term "withdrawal" is equal to the term "surrender" in the contract or any other riders. Withdrawals will adjust contract values and benefits in the same manner as surrenders. PARTIAL WITHDRAWALS: A withdrawal of an amount that does not result in a surrender of the contract. The partial withdrawal amount is a gross amount and will include any surrender charge and any market value adjustment. WAITING PERIOD: The period of time starting on the rider effective date during which the annual step up is not available if you take withdrawals. The current waiting period is three years. GUARANTEED BENEFIT AMOUNT (GBA): The total cumulative amount available for partial withdrawals over the life of the rider under the basic withdrawal benefit. The maximum GBA is $5,000,000. The GBA cannot be withdrawn and is not payable as a death benefit. Rather, the GBA is an interim value used to calculate the amount available for withdrawals each year under the basic withdrawal benefit (see "Guaranteed Benefit Payment" below). At any time, the total GBA is the sum of the individual GBAs associated with each purchase payment. The GBA is determined at the following times, calculated as described: - At contract issue -- the GBA is equal to the initial purchase payment, plus any purchase payment credit; - When you make additional purchase payments -- each additional purchase payment has its own GBA equal to the amount of the purchase payment plus any purchase payment credit. - At step up -- (see "Annual Step Up," and "Spousal Continuation Step Up" headings below). - When an individual RBA is reduced to zero -- the GBA that is associated with that RBA will also be set to zero. -------------------------------------------------------------------------------- 106 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS - When you make a partial withdrawal during the waiting period and after a step- up -- Any prior annual step-ups will be reversed. Step up reversal means that the GBA associated with each purchase payment will be reset to the amount of that purchase payment plus any purchase payment credit. The step up reversal will only happen once during the waiting period, when the first partial withdrawal is made. - When you make a partial withdrawal at any time and the amount withdrawn is: (a) less than or equal to the total RBP -- the GBA remains unchanged. If there have been multiple purchase payments, both the total GBA and each payment's GBA remain unchanged. (b) is greater than the total RBP -- GBA EXCESS WITHDRAWAL PROCESSING WILL BE APPLIED TO THE GBA. If the partial withdrawal is made during the waiting period, the excess withdrawal processing is applied AFTER any previously applied annual step ups have been reversed. GBA EXCESS WITHDRAWAL PROCESSING The total GBA will automatically be reset to the lesser of (a) the total GBA immediately prior to the excess withdrawal; or (b) the contract value immediately following the withdrawal. If there have been multiple purchase payments, each payment's GBA after the withdrawal will be reset to equal that payment's RBA after the withdrawal plus (a) times (b), where: (a) is the ratio of the total GBA after the withdrawal less the total RBA after the withdrawal to the total GBA before the withdrawal less the total RBA after the withdrawal; and (b) is each payment's GBA before the withdrawal less that payment's RBA after the withdrawal. REMAINING BENEFIT AMOUNT (RBA): Each withdrawal you make reduces the amount of GBA that is guaranteed by this rider as future withdrawals. At any point in time, the RBA equals the amount of GBA that remains available for withdrawals for the remainder of the contract's life, and total RBA is the sum of the individual RBAs associated with each purchase payment. The maximum RBA is $5,000,000. The RBA is determined at the following times, calculated as described: - At contract issue -- the RBA is equal to the initial purchase payment plus any purchase payment credit. - When you make additional purchase payments -- each additional purchase payment has its own RBA initially set equal to that payment's GBA (the amount of the purchase payment plus any purchase payment credit). - At step up -- (see "Annual Step Up," and "Spousal Continuation Step Up" headings below). - When you make a partial withdrawal during the waiting period and after a step up -- Any prior annual step ups will be reversed. Step up reversal means that the RBA associated with each purchase payment will be reset to the amount of that purchase payment plus any purchase payment credit. The step up reversal will only happen once during the waiting period, when the first partial withdrawal is made. - When you make a partial withdrawal at any time and the amount withdrawn is: (a) less than or equal to the total RBP -- the total RBA is reduced by the amount of the withdrawal. If there have been multiple purchase payments, each payment's RBA is reduced in proportion to its RBP. (b) is greater than the total RBP -- RBA EXCESS WITHDRAWAL PROCESSING WILL BE APPLIED TO THE RBA. If the partial withdrawal is made during the waiting period, the excess withdrawal processing is applied AFTER any previously applied annual step ups have been reversed. RBA EXCESS WITHDRAWAL PROCESSING The total RBA will automatically be reset to the lesser of (a) the contract value immediately following the withdrawal, or (b) the total RBA immediately prior to the withdrawal, less the amount of the withdrawal. If there have been multiple purchase payments, both the total RBA and each payment's RBA will be reset. The total RBA will be reset according to the excess withdrawal processing described above. Each payment's RBA will be reset in the following manner: 1. The withdrawal amount up to the total RBP is taken out of each RBA bucket in proportion to its individual RBP at the time of the withdrawal; and 2. The withdrawal amount above the total RBP and any amount determined by the excess withdrawal processing are taken out of each RBA bucket in proportion to its RBA at the time of the withdrawal. GUARANTEED BENEFIT PAYMENT (GBP): At any time, the amount available for partial withdrawals in each contract year after the waiting period, until the RBA is reduced to zero, under the basic withdrawal benefit. At any point in time, each purchase -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 107 payment has its own GBP, which is equal to the lesser of that payment's RBA or 7% of that payment's GBA, and the total GBP is the sum of the individual GBPs. During the waiting period, the guaranteed annual withdrawal amount may be less than the GBP due to the limitations the waiting period imposes on your ability to utilize both annual step ups and withdrawals (see "Waiting Period" heading above). The guaranteed annual withdrawal amount during the waiting period is equal to the value of the RBP at the beginning of the contract year. The GBP is determined at the following times, calculated as described: - At contract issue -- the GBP is established as 7% of the GBA value. - At each contract anniversary -- each payment's GBP is reset to the lesser of that payment's RBA or 7% of that payment's GBA value. - When you make additional purchase payments -- each additional purchase payment has its own GBP equal to that purchase payment amount plus any purchase payment credit, multiplied by 7%. - At step up -- (see "Annual Step Up," and "Spousal Continuation Step Up" headings below). - When an individual RBA is reduced to zero -- the GBP associated with that RBA will also be reset to zero. - When you make a partial withdrawal during the waiting period and after a step up -- Any prior annual step ups will be reversed. Step up reversal means that the GBA and the RBA associated with each purchase payment will be reset to the amount of that purchase payment. Each payment's GBP will be reset to the sum of that purchase payment and any purchase payment credit, multiplied by 7%. The step up reversal will only happen once during the waiting period, when the first partial withdrawal is made. - When you make a partial withdrawal at any time and the amount withdrawn is: (a) less than or equal to the total RBP -- the GBP remains unchanged. (b) is greater than the total RBP -- each payment's GBP is reset to the lesser of that payment's RBA or 7% of that payment's GBA value, based on the RBA and GBA after the withdrawal. If the partial withdrawal is made during the waiting period, these calculations are done AFTER any previously applied annual step ups have been reversed. REMAINING BENEFIT PAYMENT (RBP): The amount available for partial withdrawals for the remainder of the contract year under the basic withdrawal benefit. At any point in time, the total RBP is the sum of the RBPs for each purchase payment. During the waiting period, when the guaranteed amount may be less than the GBP, the value of the RBP at the beginning of the contract year will be that amount that is actually guaranteed each contract year. The RBP is determined at the following times, calculated as described: - At the beginning of each contract year during the waiting period and prior to any withdrawal -- the RBP for each purchase payment is set equal to that purchase payment plus any purchase payment credit, multiplied by 7%. - At the beginning of any other contract year -- the RBP for each purchase payment is set equal to that purchase payment's GBP. - When you make additional purchase payments -- each additional purchase payment has its own RBP equal to that payment's GBP. - At step up -- (see "Annual Step Up" and "Spousal Continuation Step Up" headings below). - At spousal continuation -- See "Spousal Option to Continue the Contract" heading below. - When an individual RBA is reduced to zero -- the RBP associated with that RBA will also be reset to zero. - When you make any partial withdrawal -- the total RBP is reset to equal the total RBP immediately prior to the partial withdrawal less the amount of the partial withdrawal, but not less than zero. If there have been multiple purchase payments, each payment's RBP is reduced proportionately. IF YOU WITHDRAW AN AMOUNT GREATER THAN THE RBP, GBA EXCESS WITHDRAWAL PROCESSING AND RBA EXCESS WITHDRAWAL PROCESSING ARE APPLIED and the amount available for the future partial withdrawals for the remainder of the contract's life may be reduced by more than the amount of withdrawal. When determining if a withdrawal will result in the excess withdrawal processing, the applicable RBP will not yet reflect the amount of the current withdrawal. COVERED PERSON: The person whose life is used to determine when the ALP is established, and the duration of the ALP payments. The covered person is the oldest contract owner unless otherwise specified on your contract data page. If an owner is a nonnatural person (i.e. trust or corporation), the covered person is the oldest annuitant. A spousal continuation or a change of contract ownership may reduce the amount of the lifetime withdrawal benefit and may change the covered person. -------------------------------------------------------------------------------- 108 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS ANNUAL LIFETIME PAYMENT ATTAINED AGE (ALPAA): The covered person's age after which time the lifetime benefit can be established. Currently, the lifetime benefit can be established on the later of the contract effective date or the contract anniversary date on/following the date the covered person reaches age 65. ANNUAL LIFETIME PAYMENT (ALP): Once established, the ALP at any time is the amount available for withdrawals in each contract year after the waiting period until the later of death (see "At Death" heading below), or the RBA is reduced to zero, under the lifetime withdrawal benefit. The maximum ALP is $300,000. Prior to establishment of the ALP, the lifetime withdrawal benefit is not in effect and the ALP is zero. During the waiting period, the guaranteed annual lifetime withdrawal amount may be less than the ALP due to the limitations the waiting period imposes on your ability to utilize both annual step-ups and withdrawals (see "Waiting Period" heading above). The guaranteed annual lifetime withdrawal amount during the waiting period is equal to the value of the RALP at the beginning of the contract year. The ALP is determined at the following times: - The later of the contract effective date or the contract anniversary date on/following the date the covered person reaches age 65 -- the ALP is established as 6% of the total RBA. - When you make additional purchase payments -- each additional purchase payment increases the ALP by the amount of the purchase payment plus any purchase payment credit, multiplied by 6%. - At step ups -- (see "Annual Step Up" and "Spousal Continuation Step Up" headings below). - At contract ownership change -- (see "Spousal Option to Continue the Contract" and "Contract Ownership Change" headings below). - When you make a partial withdrawal during the waiting period and after a step up -- Any prior annual step ups will be reversed. Step up reversal means that the ALP will be reset to equal total purchase payments plus any purchase payment credits, multiplied by 6%. The step up reversal will only happen once during the waiting period, when the first partial withdrawal is made. - When you make a partial withdrawal at any time and the amount withdrawn is: (a) less than or equal to the RALP -- the ALP remains unchanged. (b) is greater than the RALP -- ALP EXCESS WITHDRAWAL PROCESSING WILL BE APPLIED TO THE ALP. Please note that if the partial withdrawal is made during the waiting period, the excess withdrawal processing is applied AFTER any previously applied annual step ups have been reversed. ALP EXCESS WITHDRAWAL PROCESSING The ALP is reset to the lesser of the ALP immediately prior to the withdrawal, or 6% of the contract value immediately following the withdrawal. REMAINING ANNUAL LIFETIME PAYMENT (RALP): The amount available for partial withdrawals for the remainder of the contract year under the lifetime withdrawal benefit. During the waiting period, when the guaranteed annual withdrawal amount may be less than the ALP, the value of the RALP at the beginning of the contract year will be the amount that is actually guaranteed each contract year. Prior to establishment of the ALP, the lifetime withdrawal benefit is not in effect and the RALP is zero. THE RALP IS DETERMINED AT THE FOLLOWING TIMES: - The later of the contract effective date or the contract anniversary date following the date the covered person reaches age 65, and: (a) During the waiting period and Prior to any withdrawals -- the RALP is established equal to the sum of purchase payments and purchase payment credits, multiplied by 6%. (b) At any other time -- the RALP is established equal to the ALP. - At the beginning of each contract year during the waiting period and prior to any withdrawals -- the RALP is set equal to the total purchase payments plus any purchase payment credits, multiplied by 6%. - At the beginning of any other contract year -- the RALP is set equal to ALP. - At step ups -- (see "Annual Step Up" and "Spousal Continuation Step Up" headings below). - When you make additional purchase payments -- each additional purchase payment increases the RALP by the sum of the purchase payment and any purchase payment credit, multiplied by 6%. - When you make any partial withdrawal -- the RALP equals the RALP immediately prior to the partial withdrawal less the amount of the partial withdrawal, but not less than zero. IF YOU WITHDRAW AN AMOUNT GREATER THAN THE RALP, ALP EXCESS WITHDRAWAL PROCESSING IS APPLIED and the amount available for future partial withdrawals for the remainder of the -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 109 contract's life may be reduced by more than the amount of withdrawal. When determining if a withdrawal will result in excess withdrawal processing, the applicable RALP will not yet reflect the amount of the current withdrawal. REQUIRED MINIMUM DISTRIBUTIONS (RMD): If you are taking RMDs from this contract and the RMD calculated separately for this contract is greater than the RBP or the RALP on the most recent contract anniversary, the portion of the RMD that exceeds the RBP or RALP will not be subject to excess withdrawal processing provided that the following conditions are met: - The RMD is the life expectancy RMD for this contract alone; and - The RMD amount is based on the requirements of the Code section 401(a) (9), related Code provisions and regulations thereunder that were in effect on the effective date of this rider. RMD rules follow the calendar year which most likely does not coincide with your contract year and therefore may limit when you can take your RMD and not be subject to excess withdrawal processing. Withdrawal amounts greater than the RBP or RALP on the contract anniversary date that do not meet these conditions will result in excess withdrawal processing as described above. See Appendix F for additional information. STEP UP DATE: The date any step up becomes effective, and depends on the type of step up being applied (see "Annual Step Up" and "Spousal Continuation Step Up" headings below). ANNUAL STEP UP: Beginning with the first contract anniversary, an increase of the GBA, RBA, GBP, RBP, ALP, and/or RALP values may be available. A step up does not create contract value, guarantee the performance of any investment option, or provide a benefit that can be withdrawn or paid upon death. Rather, a step up determines the current values of the GBA, RBA, GBP, RBP, ALP, and RALP, and may extend the payment period or increase the allowable payment. The annual step up is subject to the following rules: - The annual step up is available when the RBA, or if established, the ALP, would increase on the step up date. - Only one step up is allowed each contract year. - If you take any withdrawals during the waiting period, any previously applied step ups will be reversed and the annual step up will not be available until the end of the waiting period. - If the application of the step up does not increase the rider charge, the annual step up will be automatically applied to your contract, and the step up date is the contract anniversary date. - If the application of the step up would increase the rider charge, the annual step up is not automatically applied. Instead, you have the option to step up for 30 days after the contract anniversary. If you exercise the elective annual step up option, you will pay the rider charge in effect on the step up date. If you wish to exercise the elective annual step up option, we must receive a request from you or your financial advisor. The step up date is the date we receive your request to step up. If your request is received after the close of business, the step up date will be the next valuation day. - The ALP and RALP are not eligible for step ups until they are established. Prior to being established, the ALP and RALP values are both zero. - Please note it is possible for the ALP to step up even if the RBA or GBA do not step up and it is also possible for the RBA and GBA to step up even if the ALP does not step up. The annual step up resets the GBA, RBA, GBP, RBP, ALP and RALP values as follows: - The total RBA will be reset to the greater of the total RBA immediately prior to the step up date or the contract value on the step up date. - The total GBA will be reset to the greater of the total GBA immediately prior to the step up date or the contract value on the step up date. - The total GBP will be reset using the calculation as described above based on the increased GBA and RBA. - The total RBP will be reset as follows: (a) During the waiting period and prior to any withdrawals, the RBP will not be affected by the step up. (b) At any other time, the RBP will be reset as the increased GBP less all prior withdrawals made in the current contract year, but not less than zero. - The ALP will be reset to the greater of the ALP immediately prior to the step up date or 6% of the contract value on the step up date. - The RALP will be reset as follows: (a) During the waiting period and prior to any withdrawals, the RALP will not be affected by the step up. -------------------------------------------------------------------------------- 110 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS (b) At any other time, the RALP will be reset as the increased ALP less all prior withdrawals made in the current contract year, but not less than zero. SPOUSAL OPTION TO CONTINUE THE CONTRACT: If a surviving spouse elects to continue the contract and continues the contract as the new owner under the spousal continuation provision of the contract, the GWB for Life rider also continues. When the spouse elects to continue the contract, any remaining waiting period is cancelled; the covered person will be re-determined and is the covered person referred to below; and the GBA, RBA, GBP, RBP, ALP and RALP values are affected as follows: - The GBA, RBA, and GBP values remain unchanged. - The RBP is automatically reset to the GBP less all prior withdrawals made in the current contract year, but not less than zero. - If the ALP has not yet been established and the new covered person has not yet reached age 65 as of the date of continuation -- the ALP will be established on the contract anniversary following the date the covered person reaches age 65 as the lesser of the RBA or the anniversary contract value, multiplied by 6%. The RALP will be established on the same date equal to the ALP. - If the ALP has not yet been established but the new covered person is age 65 or older as of the date of continuation -- the ALP will be established on the date of continuation as the lesser of the RBA or the contract value, multiplied by 6%. The RALP will be established on the same date in an amount equal to the ALP less all prior partial withdrawals made in the current contract year, but will never be less than zero. - If the ALP has been established but the new covered person has not yet reached age 65 as of the date of continuation -- the ALP and RALP will be automatically reset to zero for the period of time beginning with the date of continuation and ending with the contract anniversary following the date the covered person reaches age 65. At the end of this time period, the ALP will be reset to the lesser of the RBA or the anniversary contract value, multiplied by 6%, and the RALP will be reset to the ALP. - If the ALP has been established and the new covered person is age 65 or older as of the date of continuation -- the ALP will be automatically reset to the lesser of the current ALP or 6% of the contract value on the date of continuation. The RALP will be reset to the ALP less all prior withdrawals made in the current contract year, but not less than zero. Please note that the lifetime withdrawal benefit amount may be reduced as a result of the spousal continuation. SPOUSAL CONTINUATION STEP UP: If a surviving spouse elects to continue the contract, another elective step up option becomes available. To exercise the step up, the spouse or the spouse's financial advisor must submit a request within 30 days of the date of continuation. The step up date is the date we receive the spouse's request to step up. If the request is received after the close of business, the step up date will be the next valuation day. The GBA, RBA, GBP, RBP, ALP and RALP will be reset in the same fashion as the annual step up. If the spousal continuation step up option is exercised and we have increased the charge for the rider, the spouse will pay the charge that is in effect on the step up date. It is our current administrative practice to process the spousal continuation step up as described in the next paragraph; however, we reserve the right to discontinue the administrative practice and will give you 30 days' written notice of any such change. At the time of spousal continuation, a step-up may be available. All annual step-up rules (see "Annual Step-Up" heading above), other than those that apply to the waiting period, also apply to the spousal continuation step-up. If the spousal continuation step-up is processed automatically, the step-up date is the valuation date the spousal continuation is effective. If not, the spouse must elect the step up and must do so within 30 days of the spousal continuation date. If the spouse elects the spousal continuation step up, the step-up date is the valuation date we receive the spouse's written request to step up if we receive the request by the close of business on that day, otherwise the next valuation date. IF CONTRACT VALUE REDUCES TO LESS THAN $600*: If the contract value reduces to less than $600 and the total RBA remains greater than zero, you will be paid in the following scenarios: 1) The ALP has not yet been established and the contract value is reduced to less than $600 for any reason other than full or partial surrender of more than the RBP. In this scenario, you can choose to: (a) receive the remaining schedule of GBPs until the RBA equals zero; or (b) wait until the rider anniversary on/following the date the covered person reaches age 65, and then receive the ALP annually until the latter of (i) the death of the covered person, or (ii) the RBA is reduced to zero. We will notify you of this option. If no election is made, the ALP will be paid. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 111 2) The ALP has been established and the contract value reduces to less than $600 as a result of fees or charges, or a withdrawal that is less than or equal to both the RBP and the RALP. In this scenario, you can choose to receive: (a) the remaining schedule of GBPs until the RBA equals zero; or (b) the ALP annually until the latter of (i) the death of the covered person, or (ii) the RBA is reduced to zero. We will notify you of this option. If no election is made, the ALP will be paid. 3) The ALP has been established and the contract value falls to zero as a result of a withdrawal that is greater than the RALP but less than or equal to the RBP. In this scenario, the remaining schedule of GBPs will be paid until the RBA equals zero. 4) The ALP has been established and the contract value falls to zero as a result of a partial withdrawal that is greater than the RBP but less than or equal to the RALP. In this scenario, the ALP will be paid annually until the death of the Covered Person. Under any of these scenarios: - The annualized amounts will be paid to you in the frequency you elect. You may elect a frequency offered by us at the time payments begin. Available payment frequencies will be no less frequent than annually. - We will no longer accept additional purchase payments; - You will no longer be charged for the rider; - Any attached death benefit riders will terminate; and - The death benefit becomes the remaining payments, if any, until the RBA is reduced to zero. The GWB for Life rider and the contract will terminate under either of the following two scenarios: - If the contract value falls to zero as a result of a withdrawal that is greater than the RBP and RALP. This is full surrender of the contract. - If the contract value falls to zero as a result of a withdrawal that is greater than the RALP but less than or equal to the RBP, and the total RBA is reduced to zero. * Under the current administrative practice, we allow the minimum contract value to be $0. Therefore, these scenarios will only apply when the contract value is reduced to zero. AT DEATH: If the contract value is greater than zero when the death benefit becomes payable, the beneficiary may elect to take the death benefit as a lump sum under the terms of the contract (see "Benefits in Case of Death") or the annuity payout option (see "Remaining Benefit Amount Payout Option" heading below). If the contract value equals zero and the death benefit becomes payable, the following will occur: - If the RBA is greater than zero and the owner has been receiving the GBP each year, the GBP will continue to be paid to the beneficiary until the RBA equals zero. - If the covered person dies and the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the RBA equals zero. - If the covered person is still alive and the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the later of the death of the covered person or the RBA equals zero. - If the covered person is still alive and the RBA equals zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the death of the covered person. - If the covered person dies and the RBA equals zero, the benefit terminates. No further payments will be made. CONTRACT OWNERSHIP CHANGE: If the contract changes ownership (see "Changing Ownership"), the covered person will be redetermined and is the covered person referred to below. The GBA, RBA, GBP, RBP values will remain unchanged. The ALP and RALP will be reset as follows. Our current administrative practice is to only reset the ALP and RALP if the covered person changes due to the ownership change. - If the ALP has not yet been established and the new covered person has not yet reached age 65 as of the ownership change date -- the ALP and the RALP will be established on the contract anniversary following the date the covered person reaches age 65. The ALP will be set equal to the lesser of the RBA or the anniversary contract value, multiplied by 6%. If the anniversary date occurs during the waiting period and prior to a withdrawal, the RALP will be set equal to the lesser of the ALP or total purchase payments plus purchase payment credits, multiplied by 6%. If the anniversary date occurs at any other time, the RALP will be set to the ALP. - If the ALP has not yet been established but the new covered person is age 65 or older as of the ownership change date -- the ALP and the RALP will be established on the ownership change date. The ALP will be set equal to the lesser of the -------------------------------------------------------------------------------- 112 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS RBA or the contract value, multiplied by 6%. If the ownership change date occurs during the waiting period and prior to a withdrawal, the RALP will be set to the lesser of the ALP or total purchase payments plus purchase payment credits, multiplied by 6%. If the ownership change date occurs at any other time, the RALP will be set equal to the ALP less all prior withdrawals made in the current contract year but not less than zero. - If the ALP has been established but the new covered person has not yet reached age 65 as of the ownership change date -- the ALP and the RALP will be reset to zero for the period of time beginning with the ownership change date and ending with the contract anniversary following the date the covered person reaches age 65. At the end of this time period, the ALP will be reset to the lesser of the RBA or the anniversary contract value, multiplied by 6%. If the time period ends during the waiting period and prior to any withdrawals, the RALP will be reset to the lesser of the ALP or total purchase payments plus any purchase payment credits, multiplied by 6%. If the time period ends at any other time, the RALP will be reset to the ALP. - If the ALP has been established and the new covered person is age 65 or older as of the ownership change date -- the ALP and the RALP will be reset on the ownership change date. The ALP will be reset to the lesser of the current ALP or 6% of the contract value. If the ownership change date occurs during the waiting period and prior to a withdrawal, the RALP will be reset to the lesser of the ALP or total purchase payments plus purchase payment credits, multiplied by 6%. If the ownership change date occurs at any other time, the RALP will be reset to the ALP less all prior withdrawals made in the current contract year but not less than zero. Please note that the lifetime withdrawal benefit amount may be reduced as a result of the ownership change. REMAINING BENEFIT AMOUNT PAYOUT OPTION: Several annuity payout plans are available under the contract. As an alternative to these annuity payout plans, a fixed annuity payout option is available under the GWB for Life rider. Under this option the amount payable each year will be equal to the remaining schedule of GBPs, but the total amount paid over the life of the annuity will not exceed the current total RBA at the time you begin this fixed annuity payout option. These annualized amounts will be paid in the frequency that you elect. The frequencies will be among those offered by us at that time but will be no less frequent than annually. If, at the death of the owner, total payments have been made for less than the RBA, the remaining payments will be paid to the beneficiary (see "The Annuity Payout Period" and "Taxes"). This option may not be available if the contract is issued to qualify under Section 403 or 408 of the Code. For such contracts, this option will be available only if the number of years it will take to deplete the RBA by paying the GBP each year is less than the life expectancy of the owner at the time the option becomes effective. Such life expectancy will be computed using a life expectancy table published by the IRS. This annuity payout option may also be elected by the beneficiary of a contract as a settlement option. Whenever multiple beneficiaries are designated under the contract, each such beneficiary's share of the proceeds if they elect this option will be in proportion to their applicable designated beneficiary percentage. Beneficiaries of nonqualified contracts may elect this settlement option subject to the distribution requirements of the contract. We reserve the right to adjust the future schedule of GBPs if necessary to comply with the Code. RIDER TERMINATION The GWB for Life rider cannot be terminated either by you or us except as follows: 1. Annuity payouts under an annuity payout plan will terminate the rider. 2. Termination of the contract for any reason will terminate the rider. EXAMPLE -- GWB FOR LIFE RIDER EXAMPLE #1: COVERED PERSON HAS NOT REACHED AGE 65 AT THE TIME THE CONTRACT AND RIDER ARE PURCHASED. ASSUMPTIONS: - You purchase the RAVA 4 Select contract with a payment of $100,000. - You are the sole owner and also the annuitant. You are age 60. - You make no additional payments to the contract. - Automatic annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or 6% of the contract value is greater than the ALP. Applied annual step-ups are indicated in BOLD. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 113
HYPOTHETICAL LIFETIME WITHDRAWAL CONTRACT ASSUMED BASIC WITHDRAWAL BENEFIT BENEFIT DURATION PURCHASE PARTIAL CONTRACT ------------------------------------------- ------------------- IN YEARS PAYMENTS WITHDRAWALS VALUE GBA RBA GBP RBP ALP RALP At Issue $100,000 $ N/A $100,000 $100,000 $100,000 $7,000 $7,000 $ N/A $ N/A 0.5 0 7,000 92,000 100,000 93,000 7,000 0 N/A N/A 1 0 0 91,000 100,000 93,000 7,000 7,000 N/A N/A 1.5 0 7,000 83,000 100,000 86,000 7,000 0 N/A N/A 2 0 0 81,000 100,000 86,000 7,000 7,000 N/A N/A 5 0 0 75,000 100,000 86,000 7,000 7,000 5,160(1) 5,160(1) 5.5 0 5,160 70,000 100,000 80,840 7,000 1,840 5,160 0 6 0 0 69,000 100,000 80,840 7,000 7,000 5,160 5,160 6.5 0 7,000 62,000 100,000 73,840 7,000 0 3,720(2) 0 7 0 0 70,000 100,000 73,840 7,000 7,000 4,200 4,200 7.5 0 10,000 51,000 51,000(3) 51,000(3) 3,570 0 3,060(3) 0 8 0 0 55,000 55,000 55,000 3,850 3,850 3,300 3,300
At this point, assuming no additional activity (step ups, excess withdrawals, purchase payments, spousal continuation or contract ownership change), you can continue to withdraw up to either the GBP of $3,850 each year until the RBA is reduced to zero, or the ALP of $3,300 each year until the later of your death or the RBA is reduced to zero. (1) The ALP and RALP are established on the contract anniversary date following the date the covered person reaches age 65. (2) The $7,000 withdrawal is greater than the $5,160 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the ALP, resetting the ALP to the lesser of the prior ALP or 6% of the contract value following the withdrawal. (3) The $10,000 withdrawal is greater than both the $7,000 RBP allowed under the basic withdrawal benefit and the $4,200 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the GBA, RBA, and ALP. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or 6% of the contract value following the withdrawal. EXAMPLE #2: COVERED PERSON HAS REACHED 65 AT THE TIME THE CONTRACT AND RIDER ARE PURCHASED. ASSUMPTIONS: - You purchase the RAVA 4 Select contract with a payment of $100,000. - You are the sole owner and also the annuitant. You are age 65. - You make no additional payments to the contract. - Automatic annual step-ups are applied each anniversary when available, where the contract value is greater than the RBA and/or 6% of the contract value is greater than the ALP. Applied annual step-ups are indicated in BOLD.
HYPOTHETICAL LIFETIME WITHDRAWAL CONTRACT ASSUMED BASIC WITHDRAWAL BENEFIT BENEFIT DURATION PURCHASE PARTIAL CONTRACT ------------------------------------------- ------------------- IN YEARS PAYMENTS WITHDRAWALS VALUE GBA RBA GBP RBP ALP RALP At Issue $100,000 $ N/A $100,000 $100,000 $100,000 $7,000 $7,000 $6,000 $6,000 1 0 0 105,000 105,000 105,000 7,350 7,000(1) 6,300 6,000(1) 2 0 0 110,000 110,000 110,000 7,700 7,000(1) 6,600 6,000(1) 3 0 0 110,000 110,000 110,000 7,700 7,700(2) 6,600 6,600(2) 3.5 0 6,600 110,000 110,000 103,400 7,700 1,100 6,600 0 4 0 0 115,000 115,000 115,000 8,050 8,050 6,900 6,900 4.5 0 8,050 116,000 115,000 106,950 8,050 0 6,900(3) 0 5 0 0 120,000 120,000 120,000 8,400 8,400 7,200 7,200 5.5 0 10,000 122,000 120,000(4) 110,000(4) 8,400 0 7,200(4) 0 6 0 0 125,000 125,000 125,000 8,750 8,750 7,500 7,500
At this point, assuming no additional activity (step ups, excess withdrawals, purchase payments, spousal continuation or contract ownership change), you can continue to withdraw up to either the GBP of $8,750 each year until the RBA is reduced to zero, or the ALP of $7,500 each year until the later of your death or the RBA is reduced to zero. -------------------------------------------------------------------------------- 114 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS (1) The annual step-up has not been applied to the RBP or RALP because any withdrawal after step up during the waiting period would reverse any prior step ups prior to determining if the withdrawal is excess. Therefore, during the waiting period, the RBP is the amount you can withdraw without incurring the GBA and RBA excess withdrawal processing, and the RALP is the amount you can withdraw without incurring the ALP excess withdrawal processing. (2) On the third anniversary (after the end of the waiting period), the RBP and RALP are set equal to the GBP and ALP, respectively. (3) The $8,050 withdrawal is greater than the $6,900 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the ALP, resetting the ALP to the lesser of the prior ALP or 6% of the contract value following the withdrawal. (4) The $10,000 withdrawal is greater than both the $8,400 RBP allowed under the basic withdrawal benefit and the $7,200 RALP allowed under the lifetime withdrawal benefit and therefore the excess withdrawal processing is applied to the GBA, RBA, and ALP. The GBA is reset to the lesser of the prior GBA or the contract value following the withdrawal. The RBA is reset to the lesser of the prior RBA less the withdrawal or the contract value following the withdrawal. The ALP is reset to the lesser of the prior ALP or 6% of the contract value following the withdrawal. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 115 APPENDIX H: SECURESOURCE RIDERS DISCLOSURE SECURESOURCE RIDERS THE SECURESOURCE RIDERS ARE NOT AVAILABLE FOR RAVA4 ACCESS. There are two optional SecureSource riders available under your contract: - SecureSource - Single Life; or - SecureSource - Joint Life. The information in this section applies to both SecureSource riders, unless otherwise noted. The SecureSource - Single Life rider covers one person. The SecureSource - Joint Life Rider covers two spouses jointly who are named at contract issue. You may elect only the SecureSource - Single Life rider or the SecureSource - Joint Life rider, not both, and you may not switch riders later. The SecureSource rider is an optional benefit that you may select for an additional annual charge if: - SINGLE LIFE: you are 80 or younger on the contract issue date, or , if an owner is a nonnatural person, then the annuitant is age 80 or younger on the contract issue date; or - JOINT LIFE: you and your spouse are 80 or younger on the contract issue date. The SecureSource rider is not available under an inherited qualified annuity. You must elect the rider when you purchase your contract. The rider effective date will be the contract issue date. The SecureSource rider guarantees (unless the rider is terminated. See "Rider Termination" heading below.) that regardless of the investment performance of your contract you will be able to withdraw up to a certain amount each year from the contract before the annuity payouts begin until: - SINGLE LIFE: you have recovered at minimum all of your purchase payments plus any purchase payment credit or, if later, until death (see "At Death" heading below) -- even if the contract value is zero. - JOINT LIFE: you have recovered at minimum all of your purchase payments plus any purchase payment credit or, if later, until the death of the last surviving covered spouse (see "Joint Life only: Covered Spouses" and "At Death" headings below) -- even if the contract value is zero. Your contract provides for annuity payouts to begin on the settlement date (see "Buying Your Contract -- Settlement Date"). Before the settlement date, you have the right to surrender some or all of your contract value, less applicable administrative, surrender and rider charges imposed under the contract at the time of the surrender (see "Making the Most of Your Contract -- Surrenders"). Because your contract value will fluctuate depending on the performance of the underlying funds in which the subaccounts invest, the contract itself does not guarantee that you will be able to take a certain surrender amount each year before the annuity payouts begin, nor does it guarantee the length of time over which such surrenders can be made before the annuity payouts begin. For the purposes of this rider, the term "withdrawal" is equal to the term "surrender" in the contract or any other riders. Withdrawals will adjust contract values and benefits in the same manner as surrenders. The SecureSource rider may be appropriate for you if you intend to make periodic withdrawals from your annuity contract and wish to ensure that market performance will not adversely affect your ability to withdraw your principal over time. Under the terms of the SecureSource rider, the calculation of the amount which can be withdrawn in each contract year varies depending on several factors, including but not limited to the waiting period (see "Waiting period" heading below) and whether or not the lifetime withdrawal benefit has become effective: (1) The basic withdrawal benefit gives you the right to take limited withdrawals in each contract year until the lifetime withdrawal benefit becomes effective and guarantees that over time the withdrawals will total an amount equal to, at minimum, your purchase payments plus any purchase payment credits (unless the rider is terminated. See "Rider Termination" heading below). Key terms associated with the basic withdrawal benefit are "Guaranteed Benefit Payment (GBP)", "Remaining Benefit Payment (RBP)", "Guaranteed Benefit Amount (GBA)" and "Remaining Benefit Amount (RBA)." See these headings below for more information. (2) The lifetime withdrawal benefit gives you the right, under certain limited circumstances defined in the rider, to take limited withdrawals until the later of: - SINGLE LIFE: death (see "At Death" heading below) or until the RBA (under the basic withdrawal benefit) is reduced to zero (unless the rider is terminated. See "Rider Termination" heading below); - JOINT LIFE: death of the last surviving covered spouse (see "At Death" heading below) or until the RBA (under the basic withdrawal benefit) is reduced to zero (unless the rider is terminated. See "Rider Termination" heading below). -------------------------------------------------------------------------------- 116 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS Key terms associated with the lifetime withdrawal benefit are "Annual Lifetime Payment (ALP)", "Remaining Annual Lifetime Payment (RALP)", "Single Life only: Covered Person", "Joint Life only: Covered Spouses" and "Annual Lifetime Payment Attained Age (ALPAA)." See these headings below for more information. Only the basic withdrawal benefit will be in effect prior to the date that the lifetime withdrawal benefit becomes effective. The lifetime withdrawal benefit becomes effective automatically on the rider anniversary date after the: - SINGLE LIFE: covered person reaches age 65, or the rider effective date if the covered person is age 65 or older on the rider effective date (see "Annual Lifetime Payment Attained Age (ALPAA)" heading below); - JOINT LIFE: younger covered spouse reaches age 65, or the rider effective date if the younger covered spouse is age 65 or older on the rider effective date (see "Annual Lifetime Payment Attained Age (ALPAA)" and "Annual Lifetime Payment (ALP)" headings below). Provided annuity payouts have not begun, the SecureSource rider guarantees that you may take the following withdrawal amounts each contract year: - Before the establishment of the ALP, the rider guarantees that each year you have the option to cumulatively withdraw an amount equal to the value of the RBP at the beginning of the contract year; - After the establishment of the ALP, the rider guarantees that each year you have the option to cumulatively withdraw an amount equal to the value of the RALP or the RBP at the beginning of the contract year, but the rider does not guarantee withdrawal of the sum of both the RALP and the RBP in a contract year. If you withdraw less than the allowed withdrawal amount in a contract year, the unused portion cannot be carried over to the next contract year. As long as your withdrawals in each contract year do not exceed the allowed annual withdrawal amount under the rider: - SINGLE LIFE: and there has not been a contract ownership change or spousal continuation of the contract, the guaranteed amounts available for withdrawal will not decrease; - JOINT LIFE: the guaranteed amounts available for withdrawal will not decrease. If you withdraw more than the allowed annual withdrawal amount in a contract year, we call this an "excess withdrawal" under the rider. Excess withdrawals trigger an adjustment of a benefit's guaranteed amount, which may cause it to be reduced (see "GBA Excess Withdrawal Processing," "RBA Excess Withdrawal Processing," and "ALP Excess Withdrawal Processing" headings below). Please note that basic withdrawal benefit and lifetime withdrawal benefit each has its own definition of the allowed annual withdrawal amount. Therefore a withdrawal may be considered an excess withdrawal for purposes of the lifetime withdrawal benefit only, the basic withdrawal benefit only, or both. If your withdrawals exceed the greater of the RBP or the RALP, surrender charges under the terms of the contract may apply (see "Charges -- Surrender Charges"). The amount we actually deduct from your contract value will be the amount you request plus any applicable surrender charge. Market value adjustments, if applicable, will also be made (see "Guarantee Period Accounts (GPAs) -- Market Value Adjustment"). We pay you the amount you request. Any withdrawals you take under the contract will reduce the value of the death benefits (see "Benefits in Case of Death"). Upon full surrender of the contract, you will receive the remaining contract value less any applicable charges (see "Making the Most of Your Contract -- Surrenders"). The rider's guaranteed amounts can be increased at the specified intervals if your contract value has increased. An annual step up feature is available at each contract anniversary, subject to certain conditions, and may be applied automatically to your contract or may require you to elect the step up (see "Annual Step Up" heading below). If you exercise the annual step up election, the spousal continuation step up election (see "Spousal Continuation Step Up" heading below) or change your Portfolio Navigator investment option, the rider charge may change (see "Charges"). If you take withdrawals during the waiting period, any prior steps ups applied will be reversed and step ups will not be available until the end of the waiting period. You may take withdrawals after the waiting period without reversal of prior step ups. You should consider whether a SecureSource rider is appropriate for you because: - LIFETIME WITHDRAWAL BENEFIT LIMITATIONS: The lifetime withdrawal benefit is subject to certain limitations, including but not limited to: (a) SINGLE LIFE: Once the contract value equals zero, payments are made for as long as the oldest owner or, if an owner is a nonnatural person, the oldest annuitant is living (see "If Contract Value Reduces to Zero" heading below). However, if the contract value is greater than zero, the lifetime withdrawal benefit terminates when a death benefit becomes payable (see "At Death" heading below). Therefore, if there are multiple contract owners, the rider may terminate or the lifetime -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 117 withdrawal benefit may be reduced when one of the contract owners dies the benefit terminates even though other contract owners are still living (except if the contract is continued under the spousal continuation provision of the contract). JOINT LIFE: Once the contract value equals zero, payments are made for as long as either covered spouse is living (see "If Contract Value Reduces to Zero" heading below). However, if the contract value is greater than zero, the lifetime withdrawal benefit terminates at the death of the last surviving covered spouse (see "At Death" heading below). (b) Excess withdrawals can reduce the ALP to zero even though the GBA, RBA, GBP and/or RBP values are greater than zero. If the both the ALP and the contract value are zero, the lifetime withdrawal benefit will terminate. (c) When the lifetime withdrawal benefit is first established, the initial ALP is based on (i) SINGLE LIFE: the basic withdrawal benefit's RBA at that time (see "Annual Lifetime Payment (ALP)" heading below), unless there has been a spousal continuation or ownership change; or (ii) JOINT LIFE: the basic withdrawal benefit's RBA at that time (see "Annual Lifetime Payment (ALP)" heading below). Any withdrawal you take before the ALP is established reduces the RBA and therefore may result in a lower amount of lifetime withdrawals you are allowed to take. (d) Withdrawals can reduce both the contract value and the RBA to zero prior to the establishment of the ALP. If this happens, the contract and the rider will terminate. - USE OF PORTFOLIO NAVIGATOR PROGRAM REQUIRED: You must be invested in one of the available PN program investment options of the PN program. This requirement limits your choice of investments. This means you will not be able to allocate contract value to all of the subaccounts, GPAs or the regular fixed account that are available under the contract to contract owners who do not elect the rider. (See "Making the Most of Your Contract -- Portfolio Navigator Program.") You may allocate qualifying purchase payments and applicable purchase payment credits to the Special DCA fixed account, when available (see "The Special DCA Fixed Account"), and we will make monthly transfers into the investment option you have chosen. You may make two elective investment option changes per contract year; we reserve the right to limit elective investment option changes if required to comply with the written instructions of a fund (see "Market Timing"). You can allocate your contract value to any available investment option during the following times: (1) prior to your first withdrawal and (2) following a benefit reset as described below but prior to any subsequent withdrawal. During these accumulation phases, you may request to change your model portfolio (if applicable) or investment option to any available investment option. Immediately following a withdrawal your contract value will be reallocated to the target investment option as shown in your contract if your current investment option is more aggressive than the target investment option. If you are in the static model portfolio, this reallocation will be made to the applicable fund of funds investment option. This automatic reallocation is not included in the total number of allowed model changes per contract year and will not cause your rider fee to increase. The target investment option is currently the Moderate investment option. We reserve the right to change the target investment option to an investment option that is more aggressive than the current target investment option after 30 days written notice. After you have taken a withdrawal and prior to any benefit reset as described below, you are in a withdrawal phase. During withdrawal phases you may request to change your investment option to the target investment option or any investment option that is more conservative than the target investment option without a benefit reset as described below. If you are in a withdrawal phase and you choose to allocate your contract value to an investment option that is more aggressive than the target investment option, your rider benefit will be reset as follows: (a) the total GBA will be reset to the lesser of its current value or the contract value; and (b) the total RBA will be reset to the lesser of its current value or the contract value; and (c) the ALP, if established, will be reset to the lesser of its current value or 6% of the contract value; and (d) the GBP will be recalculated as described below, based on the reset GBA and RBA; and (e) the RBP will be recalculated as the reset GBP less all prior withdrawals made during the current contract year, but not less than zero; and (f) the RALP will be recalculated as the reset ALP less all prior withdrawals made during the current contract year, but not less than zero. -------------------------------------------------------------------------------- 118 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS You may request to change your investment option by written request on an authorized form or by another method agreed to by us. - LIMITATIONS ON PURCHASE OF OTHER RIDERS UNDER YOUR CONTRACT: You may elect only the SecureSource - Single Life rider or the SecureSource - Joint Life rider. If you elect the SecureSource rider, you may not elect the Accumulation Benefit rider. - NON-CANCELABLE: Once elected, the SecureSource rider may not be cancelled (except as provided under "Rider Termination" heading below) and the fee will continue to be deducted until the contract or rider is terminated or the contract value reduces to zero (described below). Dissolution of marriage does not terminate the SecureSource - Joint Life rider and will not reduce the fee we charge for this rider. The benefit under the SecureSource - Joint Life rider continues for the covered spouse who is the owner of the contract (or annuitant in the case of nonnatural ownership). The rider will terminate at the death of the contract owner (or annuitant in the case of nonnatural ownership) because the original spouse will be unable to elect the spousal continuation provision of the contract (see "Joint Life only: Covered Spouses" below). - JOINT LIFE: LIMITATIONS ON CONTRACT OWNERS, ANNUITANTS AND BENEFICIARIES: Since the joint life benefit will terminate unless the surviving covered spouse continues the contract under the spousal continuation provision of the contract upon the owner's death, only ownership arrangements that permit such continuation are allowed at rider issue. In general, the covered spouses should be joint owners, or one covered spouse should be the owner and the other covered spouse should be named as the sole primary beneficiary. For non- natural ownership arrangements that allow for spousal continuation one covered spouse should be the annuitant and the other covered spouse should be the sole primary beneficiary. For revocable trust ownerships, the grantor of the trust must be the annuitant and the beneficiary must either be the annuitant's spouse or a trust that names the annuitant's spouse as the sole primary beneficiary. You are responsible for establishing ownership arrangements that will allow for spousal continuation. If you select the SecureSource - Joint Life rider, please consider carefully whether or not you wish to change the beneficiary of your annuity contract. The rider will terminate if the surviving covered spouse can not utilize the spousal continuation provision of the contract when the death benefit is payable. - LIMITATIONS ON PURCHASE PAYMENTS: We reserve the right to limit the cumulative amount of purchase payments, subject to state restrictions. For current limitations, see "Buying Your Contract -- Purchase Payments." - INTERACTION WITH TOTAL FREE AMOUNT (TFA) CONTRACT PROVISION: The TFA is the amount you are allowed to surrender from the contract in each contract year without incurring a surrender charge (see "Charges -- Surrender Charge"). The TFA may be greater than the RBP or RALP under this rider. Any amount you withdraw in a contract year under the contract's TFA provision that exceeds the RBP or RALP is subject to the excess withdrawal processing described below for the GBA, RBA and ALP. You should consult your tax advisor before you select this optional rider if you have any questions about the use of the rider in your tax situation because: - TAX CONSIDERATIONS FOR NONQUALIFIED ANNUITIES: Under current federal income tax law, withdrawals under nonqualified annuities, including withdrawals taken from the contract under the terms of the rider, are treated less favorably than amounts received as annuity payments under the contract (see "Taxes -- Nonqualified Annuities"). Withdrawals are taxable income to the extent of earnings. Withdrawals of earnings before age 59 1/2 may incur a 10% IRS early withdrawal penalty. You should consult your tax advisor before you select this optional rider if you have any questions about the use of the rider in your tax situation. - TAX CONSIDERATIONS FOR QUALIFIED ANNUITIES: Qualified annuities have minimum distribution rules that govern the timing and amount of distributions from the annuity contract (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). If you have a qualified annuity, you may need to take an RMD that exceeds the guaranteed amount of withdrawal available under the rider and such withdrawals may reduce future benefits guaranteed under the rider. While the rider permits certain excess withdrawals to be made for the purpose of satisfying RMD requirements for your contract alone without reducing future benefits guaranteed under the rider, there can be no guarantee that changes in the federal income tax law after the effective date of the rider will not require a larger RMD to be taken, in which case, future guaranteed withdrawals under the rider could be reduced. See Appendix F for additional information. - LIMITATIONS ON TSAS: Your right to take withdrawals is restricted if your contract is a TSA (see "TSA -- Special Provisions"). Therefore, a SecureSource rider may be of limited value to you. KEY TERMS AND PROVISIONS OF THE SECURESOURCE RIDER ARE DESCRIBED BELOW: WITHDRAWAL: The amount by which your contract value is reduced as a result of any withdrawal request. It may differ from the amount of your request due to any surrender charge and any market value adjustment. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 119 WAITING PERIOD: The period of time starting on the rider effective date during which the annual step up is not available if you take withdrawals. The current waiting period is three years. GUARANTEED BENEFIT AMOUNT (GBA): The total cumulative withdrawals guaranteed by the rider under the basic benefit. The maximum GBA is $5,000,000. The GBA cannot be withdrawn and is not payable as a death benefit. It is an interim value used to calculate the amount available for withdrawals each year under the basic withdrawal benefit (see "Guaranteed Benefit Payment" below). At any time, the total GBA is the sum of the individual GBAs associated with each purchase payment. THE GBA IS DETERMINED AT THE FOLLOWING TIMES, CALCULATED AS DESCRIBED: - At contract issue -- the GBA is equal to the initial purchase payment, plus any purchase payment credit. - When you make additional purchase payments -- each additional purchase payment has its own GBA equal to the amount of the purchase payment, plus any purchase payment credit. - At step up -- (see "Annual Step Up" and "Spousal Continuation Step Up" headings below). - When an individual RBA is reduced to zero -- the GBA that is associated with that RBA will also be set to zero. - When you make a withdrawal during the waiting period and after a step up -- Any prior annual step ups will be reversed. Step up reversal means that the GBA associated with each purchase payment will be reset to the amount of that purchase payment, plus any purchase payment credit. The step up reversal will only happen once during the waiting period, when the first withdrawal is made. - When you make a withdrawal at any time and the amount withdrawn is: (a) less than or equal to the total RBP -- the GBA remains unchanged. If there have been multiple purchase payments, both the total GBA and each payment's GBA remain unchanged. (b) is greater than the total RBP -- GBA EXCESS WITHDRAWAL PROCESSING WILL BE APPLIED TO THE GBA. If the withdrawal is made during the waiting period, the excess withdrawal processing is applied AFTER any previously applied annual step ups have been reversed. GBA EXCESS WITHDRAWAL PROCESSING The total GBA will automatically be reset to the lesser of (a) the total GBA immediately prior to the withdrawal; or (b) the contract value immediately following the withdrawal. If there have been multiple purchase payments, each payment's GBA after the withdrawal will be reset to equal that payment's RBA after the withdrawal plus (a) times (b), where: (a) is the ratio of the total GBA after the withdrawal less the total RBA after the withdrawal to the total GBA before the withdrawal less the total RBA after the withdrawal; and (b) is each payment's GBA before the withdrawal less that payment's RBA after the withdrawal. REMAINING BENEFIT AMOUNT (RBA): Each withdrawal you make reduces the amount that is guaranteed by the rider as future withdrawals. At any point in time, the RBA equals the amount of GBA that remains available for withdrawals for the remainder of the contract's life, and total RBA is the sum of the individual RBAs associated with each purchase payment. The maximum RBA is $5,000,000. THE RBA IS DETERMINED AT THE FOLLOWING TIMES, CALCULATED AS DESCRIBED: - At contract issue -- the RBA is equal to the initial purchase payment plus any purchase payment credit. - When you make additional purchase payments -- each additional purchase payment has its own RBA initially set equal to that payment's GBA (the amount of the purchase payment, plus any purchase payment credit). - At step up -- (see "Annual Step Up" and "Spousal Continuation Step Up" headings below). - When you make a withdrawal during the waiting period and after a step up -- Any prior annual step ups will be reversed. Step up reversal means that the RBA associated with each purchase payment will be reset to the amount of that purchase payment, plus any purchase payment credit. The step up reversal will only happen once during the waiting period, when the first withdrawal is made. - When you make a withdrawal at any time and the amount withdrawn is: (a) less than or equal to the total RBP -- the total RBA is reduced by the amount of the withdrawal. If there have been multiple purchase payments, each payment's RBA is reduced in proportion to its RBP. (b) is greater than the total RBP -- RBA EXCESS WITHDRAWAL PROCESSING WILL BE APPLIED TO THE RBA. Please note that if the withdrawal is made during the waiting period, the excess withdrawal processing is applied AFTER any previously applied annual step ups have been reversed. -------------------------------------------------------------------------------- 120 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS RBA EXCESS WITHDRAWAL PROCESSING The total RBA will automatically be reset to the lesser of (a) the contract value immediately following the withdrawal, or (b) the total RBA immediately prior to the withdrawal, less the amount of the withdrawal. If there have been multiple purchase payments, both the total RBA and each payment's RBA will be reset. The total RBA will be reset according to the excess withdrawal processing described above. Each payment's RBA will be reset in the following manner: 1. The withdrawal amount up to the total RBP is taken out of each RBA bucket in proportion to its individual RBP at the time of the withdrawal; and 2. The withdrawal amount above the total RBP and any amount determined by the excess withdrawal processing are taken out of each RBA bucket in proportion to its RBA at the time of the withdrawal. GUARANTEED BENEFIT PAYMENT (GBP): At any time, the amount available for withdrawal in each contract year after the waiting period, until the RBA is reduced to zero, under the basic withdrawal benefit. At any point in time, each purchase payment has its own GBP, which is equal to the lesser of that payment's RBA or 7% of that payment's GBA, and the total GBP is the sum of the individual GBPs. During the waiting period, the guaranteed annual withdrawal amount may be less than the GBP due to the limitations the waiting period imposes on your ability to utilize both annual step-ups and withdrawals (see "Waiting Period" heading above). The guaranteed annual withdrawal amount during the waiting period is equal to the value of the RBP at the beginning of the contract year. THE GBP IS DETERMINED AT THE FOLLOWING TIMES, CALCULATED AS DESCRIBED: - At contract issue -- the GBP is established as 7% of the GBA value. - At each contract anniversary -- each payment's GBP is reset to the lesser of that payment's RBA or 7% of that payment's GBA value. - When you make additional purchase payments -- each additional purchase payment has its own GBP equal to the purchase payment amount, plus any purchase payment credit multiplied by 7%. - At step up -- (see "Annual Step Up" and "Spousal Continuation Step Up" headings below). - When an individual RBA is reduced to zero -- the GBP associated with that RBA will also be reset to zero. - When you make a withdrawal during the waiting period and after a step up -- Any prior annual step ups will be reversed. Step up reversal means that the GBA and the RBA associated with each purchase payment will be reset to the amount of that purchase payment plus any purchase payment credit. Each payment's GBP will be reset to 7% of the sum of purchase payment and any purchase payment credit. The step up reversal will only happen once during the waiting period, when the first withdrawal is made. - When you make a withdrawal at any time and the amount withdrawn is: (a) less than or equal to the total RBP -- the GBP remains unchanged. (b) is greater than the total RBP -- each payment's GBP is reset to the lesser of that payment's RBA or 7% of that payment's GBA value, based on the RBA and GBA after the withdrawal. If the withdrawal is made during the waiting period, the excess withdrawal processing is applied AFTER any previously applied annual step ups have been reversed. REMAINING BENEFIT PAYMENT (RBP): The amount available for withdrawal for the remainder of the contract year under the basic withdrawal benefit. At any point in time, the total RBP is the sum of the RBPs for each purchase payment. During the waiting period, when the guaranteed amount may be less than the GBP, the value of the RBP at the beginning of the contract year will be that amount that is actually guaranteed each contract year. THE RBP IS DETERMINED AT THE FOLLOWING TIMES, CALCULATED AS DESCRIBED: - At the beginning of each contract year during the waiting period and prior to any withdrawal -- the RBP for each purchase payment is set equal to that purchase payment plus any purchase payment credit, multiplied by 7%. - At the beginning of any other contract year -- the RBP for each purchase payment is set equal to that purchase payment's GBP. - When you make additional purchase payments -- each additional purchase payment has its own RBP equal to that payment's GBP. - At step up -- (see "Annual Step Up" and "Spousal Continuation Step Up" headings below). - At spousal continuation -- (see "Spousal Option to Continue the Contract" heading below). - When an individual RBA is reduced to zero -- the RBP associated with that RBA will also be reset to zero. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 121 - When you make any withdrawal -- the total RBP is reset to equal the total RBP immediately prior to the withdrawal less the amount of the withdrawal, but not less than zero. If there have been multiple purchase payments, each payment's RBP is reduced proportionately. IF YOU WITHDRAW AN AMOUNT GREATER THAN THE RBP, GBA EXCESS WITHDRAWAL PROCESSING AND RBA EXCESS WITHDRAWAL PROCESSING ARE APPLIED and the amount available for future withdrawals for the remainder of the contract's life may be reduced by more than the amount of withdrawal. When determining if a withdrawal will result in the excess withdrawal processing, the applicable RBP will not yet reflect the amount of the current withdrawal. SINGLE LIFE ONLY: COVERED PERSON: The person whose life is used to determine when the ALP is established, and the duration of the ALP payments (see "Annual Lifetime Payment (ALP)" heading below). The covered person is the oldest contract owner. If the owner is a nonnatural person, e.g., a trust or corporation, the covered person is the oldest annuitant. A spousal continuation or a change of contract ownership may reduce the amount of the lifetime withdrawal benefit and may change the covered person. JOINT LIFE ONLY: COVERED SPOUSES: The contract owner and his or her legally married spouse as defined under federal law, as named on the application and as shown in the contract for as long as the marriage is valid and in effect. If the contract owner is a nonnatural person (e.g., a revocable trust), the covered spouses are the annuitant and the legally married spouse of the annuitant. The covered spouses lives are used to determine when the ALP is established, and the duration of the ALP payments (see "Annual Lifetime Payment (ALP)" heading below). The covered spouses are established on the rider effective date and cannot be changed. ANNUAL LIFETIME PAYMENT ATTAINED AGE (ALPAA): - SINGLE LIFE: The covered person's age after which time the lifetime benefit can be established. Currently, the lifetime benefit can be established on the later of the contract effective date or the contract anniversary date on/following the date the covered person reaches age 65. - JOINT LIFE: The age of the younger covered spouse at which time the lifetime benefit is established. ANNUAL LIFETIME PAYMENT (ALP): Once established, the ALP under the lifetime withdrawal benefit is at any time the amount available for withdrawals in each contract year after the waiting period until the later of: - SINGLE LIFE: death; or - JOINT LIFE: death of the last surviving covered spouse; or - the RBA is reduced to zero. The maximum ALP is $300,000. Prior to establishment of the ALP, the lifetime withdrawal benefit is not in effect and the ALP is zero. During the waiting period, the guaranteed annual lifetime withdrawal amount may be less than the ALP due to the limitations the waiting period imposes on your ability to utilize both annual step-ups and withdrawals (see "Waiting Period" heading above). The guaranteed annual lifetime withdrawal amount during the waiting period is equal to the value of the RALP at the beginning of the contract year. THE ALP IS DETERMINED AT THE FOLLOWING TIMES: - SINGLE LIFE: The later of the contract effective date or the contract anniversary date on/following the date the covered person reaches age 65 -- the ALP is established as 6% of the total RBA. - JOINT LIFE: The ALP is established as 6% of the total RBA on the earliest of the following dates: (a) the rider effective date if the younger covered spouse has already reached age 65. (b) the rider anniversary on/following the date the younger covered spouse reaches age 65. (c) upon the first death of a covered spouse, then (1) the date we receive written request when the death benefit is not payable and the surviving covered spouse has already reached age 65; or (2) the date spousal continuation is effective when the death benefit is payable and the surviving covered spouse has already reached age 65; or (3) the rider anniversary on/following the date the surviving covered spouse reaches age 65. (d) Following dissolution of marriage of the covered spouses, (1) the date we receive written request if the remaining covered spouse who is the owner (or annuitant in the case of nonnatural ownership) has already reached age 65; or (2) the rider anniversary on/following the date the remaining covered spouse who is the owner (or annuitant in the case of nonnatural ownership) reaches age 65. -------------------------------------------------------------------------------- 122 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS - When you make additional purchase payments -- each additional purchase payment increases the ALP by 6% of the sum of the purchase payment plus any purchase payment credits. - At step ups -- (see "Annual Step Up" and "Spousal Continuation Step Up" headings below). - SINGLE LIFE: At spousal continuation or contract ownership change -- (see "Spousal Option to Continue the Contract" and "Contract Ownership Change" headings below). - When you make a withdrawal during the waiting period and after a step up -- Any prior annual step ups will be reversed. Step up reversal means that the ALP will be reset to equal total purchase payments plus any purchase payment credit, multiplied by 6%. The step up reversal will only happen once during the waiting period, when the first withdrawal is made. - When you make a withdrawal at any time and the amount withdrawn is: (a) less than or equal to the RALP -- the ALP remains unchanged. (b) is greater than the RALP -- ALP EXCESS WITHDRAWAL PROCESSING WILL BE APPLIED TO THE ALP. If the withdrawal is made during the waiting period, the excess withdrawal processing is applied AFTER any previously applied annual step ups have been reversed. ALP EXCESS WITHDRAWAL PROCESSING The ALP is reset to the lesser of the ALP immediately prior to the withdrawal, or 6% of the contract value immediately following the withdrawal. REMAINING ANNUAL LIFETIME PAYMENT (RALP): The amount available for withdrawal for the remainder of the contract year under the lifetime withdrawal benefit. During the waiting period, when the guaranteed annual withdrawal amount may be less than the ALP, the value of the RALP at the beginning of the contract year will be the amount that is actually guaranteed each contract year. Prior to establishment of the ALP, the lifetime withdrawal benefit is not in effect and the RALP is zero. - THE RALP IS DETERMINED AT THE FOLLOWING TIMES: - The RALP is established at the same time as the ALP, and: (a) During the waiting period and prior to any withdrawals -- the RALP is established equal to the purchase payments, plus purchase payment credit, multiplied by 6%. (b) At any other time -- the RALP is established equal to the ALP less all prior withdrawals made in the contract year but not less than zero. - At the beginning of each contract year during the waiting period and prior to any withdrawals -- the RALP is set equal to the total purchase payments plus any purchase payment credit, multiplied by 6%. - At the beginning of any other contract year -- the RALP is set equal to ALP. - When you make additional purchase payments -- each additional purchase payment increases the RALP by 6% of the sum of the purchase payment amount plus any purchase payment credit. - At step ups -- (see "Annual Step Up" and "Spousal Continuation Step Up" headings below). - When you make any withdrawal -- the RALP equals the RALP immediately prior to the withdrawal less the amount of the withdrawal but not less than zero. IF YOU WITHDRAW AN AMOUNT GREATER THAN THE RALP, ALP EXCESS WITHDRAWAL PROCESSING IS APPLIED and may reduce the amount available for future withdrawals. When determining if a withdrawal will result in excess withdrawal processing, the applicable RALP will not yet reflect the amount of the current withdrawal. REQUIRED MINIMUM DISTRIBUTIONS (RMD): If you are taking RMDs from your contract and the RMD calculated separately for your contract is greater than the RBP or the RALP on the most recent contract anniversary, the portion of the RMD that exceeds the RBP or RALP on the most recent rider anniversary will not be subject to excess withdrawal processing provided that the following conditions are met: - The RMD is for your contract alone; - The RMD is based on your recalculated life expectancy taken from the Uniform Lifetime Table under the Code; and - The RMD amount is otherwise based on the requirements of section 401(a) (9), related Code provisions and regulations there under that were in effect on the effective date of the rider. RMD rules follow the calendar year which most likely does not coincide with your contract year and therefore may limit when you can take your RMD and not be subject to excess withdrawal processing. Withdrawal amounts greater than the RBP or RALP on the contract anniversary date that do not meet these conditions will result in excess withdrawal processing as described above. See Appendix F for additional information. STEP UP DATE: The date any step up becomes effective, and depends on the type of step up being applied (see "Annual Step Up" and "Spousal Continuation Step Up" headings below). -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 123 ANNUAL STEP UP: Beginning with the first contract anniversary, an increase of the GBA, RBA, GBP, RBP, ALP and/or RALP values may be available. A step up does not create contract value, guarantee the performance of any investment option, or provide a benefit that can be withdrawn or paid upon death. Rather, a step up determines the current values of the GBA, RBA, GBP, RBP, ALP and RALP, and may extend the payment period or increase the allowable payment. The annual step up may be available as described below, subject to the following rules: - The annual step up is effective on the step up date. - Only one step up is allowed each contract year. - If you take any withdrawals during the waiting period, any previously applied step ups will be reversed and the Annual step up will not be available until the end of the waiting period. - On any rider anniversary where the RBA or, if established, the ALP would increase and the application of the step up would not increase the rider charge, the annual step up will be automatically applied to your contract, and the step up date is the contract anniversary date. - If the application of the step up would increase the rider charge, the annual step up is not automatically applied. Instead, you have the option to step up for 30 days after the contract anniversary as long as either the contract value is greater than the total RBA or 6% of the contract value is greater than the ALP, if established, on the step-up date. If you exercise the elective annual step up option, you will pay the rider charge in effect on the step up date. If you wish to exercise the elective annual step up option, we must receive a request from you or your financial advisor. The step up date is the date we receive your request to step up. If your request is received after the close of business, the step up date will be the next valuation day. - The ALP and RALP are not eligible for step ups until they are established. Prior to being established, the ALP and RALP values are both zero. - Please note it is possible for the ALP to step up even if the RBA or GBA do not step up, and it is also possible for the RBA and GBA to step up even if the ALP does not step up. The annual step up resets the GBA, RBA, GBP, RBP, ALP and RALP values as follows: - The total RBA will be reset to the greater of the total RBA immediately prior to the step up date or the contract value on the step up date. - The total GBA will be reset to the greater of the total GBA immediately prior to the step up date or the contract value on the step up date. - The total GBP will be reset using the calculation as described above based on the increased GBA and RBA. - The total RBP will be reset as follows: (a) During the waiting period and prior to any withdrawals, the RBP will not be affected by the step up. (b) At any other time, the RBP will be reset to the increased GBP less all prior withdrawals made in the current contract year, but not less than zero. - The ALP will be reset to the greater of the ALP immediately prior to the step up date or 6% of the contract value on the step up date. - The RALP will be reset as follows: (a) During the waiting period and prior to any withdrawals, the RALP will not be affected by the step up. (b) At any other time, the RALP will be reset to the increased ALP less all prior withdrawals made in the current contract year, but not less than zero. SPOUSAL OPTION TO CONTINUE THE CONTRACT UPON OWNER'S DEATH: SINGLE LIFE: If a surviving spouse elects to continue the contract and continues the contract as the new owner under the spousal continuation provision of the contract, the SecureSource - Single Life rider also continues. When the spouse elects to continue the contract, any remaining waiting period is cancelled and any waiting period limitations on withdrawals and step-ups terminate; if the covered person changes due to a spousal continuation the GBA, RBA, GBP, RBP, ALP and RALP values are affected as follows: - The GBA, RBA and GBP values remain unchanged. - The RBP is automatically reset to the GBP less all prior withdrawals made in the current contract year, but not less than zero. - If the ALP has not yet been established and the new covered person has not yet reached age 65 as of the date of continuation -- the ALP will be established on the contract anniversary following the date the covered person reaches -------------------------------------------------------------------------------- 124 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS age 65 as the lesser of the RBA or the contract anniversary value, multiplied by 6%. The RALP will be established on the same date equal to the ALP. - If the ALP has not yet been established but the new covered person is age 65 or older as of the date of continuation -- the ALP will be established on the date of continuation as the lesser of the RBA or the contract value, multiplied by 6%. The RALP will be established on the same date in an amount equal to the ALP less all prior withdrawals made in the current contract year, but not less than zero. - If the ALP has been established but the new covered person has not yet reached age 65 as of the date of continuation -- the ALP and RALP will be automatically reset to zero for the period of time beginning with the date of continuation and ending with the contract anniversary following the date the covered person reaches age 65. At the end of this time period, the ALP will be reset to the lesser of the RBA or the anniversary contract value, multiplied by 6%, and the RALP will be reset to the ALP. - If the ALP has been established and the new covered person is age 65 or older as of the date of continuation -- the ALP will be automatically reset to the lesser of the current ALP or 6% of the contract value on the date of continuation. The RALP will be reset to the ALP less all prior withdrawals made in the current contract year, but not less than zero. Please note that the lifetime withdrawal benefit amount may be reduced as a result of the spousal continuation. JOINT LIFE: If a surviving spouse is a covered spouse and elects the spousal continuation provision of the contract as the new owner, the SecureSource - Joint Life rider also continues. When the spouse elects to continue the contract, any remaining waiting period is cancelled and any waiting period limitations on withdrawals and step-ups terminate. The surviving covered spouse can name a new beneficiary; however, a new covered spouse cannot be added to the rider. SPOUSAL CONTINUATION STEP UP: At the time of spousal continuation, a step-up may be available. All annual step-up rules (see "Annual Step-Up" heading above), other than those that apply to the waiting period, also apply to the spousal continuation step-up. If the spousal continuation step-up is processed automatically, the step-up date is the valuation date spousal continuation is effective. If not, the spouse must elect the step up and must do so within 30 days of the spousal continuation date. If the spouse elects the spousal continuation step up, the step-up date is the valuation date we receive the spouse's written request to step-up if we receive the request by the close of business on that day, otherwise the next valuation date. RULES FOR SURRENDER PROVISION OF YOUR CONTRACT: Minimum contract values following surrender no longer apply to your contract. For surrenders, the surrender will be made from the variable subaccounts, and the Regular Fixed Account (if applicable) in the same proportion as your interest in each bears to the contract value less amounts in any Special DCA fixed account. You cannot specify from which accounts the surrender is to be made. IF CONTRACT VALUE REDUCES TO ZERO: If the contract value reduces to zero and the total RBA remains greater than zero, you will be paid in the following scenarios: 1) The ALP has not yet been established and the contract value is reduced to zero as a result of fees or charges or a withdrawal that is less than or equal to the RBP. In this scenario, you can choose to: (a) receive the remaining schedule of GBPs until the RBA equals zero; or (b) SINGLE LIFE: wait until the rider anniversary on/following the date the covered person reaches age 65, and then receive the ALP annually until the latter of (i) the death of the covered person, or (ii) the RBA is reduced to zero; or (c) JOINT LIFE: wait until the rider anniversary on/following the date the younger covered spouse reaches age 65, and then receive the ALP annually until the latter of (i) the death of the last surviving covered spouse, or (ii) the RBA is reduced to zero. We will notify you of this option. If no election is made, the ALP will be paid. 2) The ALP has been established and the contract value reduces to zero as a result of fees or charges, or a withdrawal that is less than or equal to both the RBP and the RALP. In this scenario, you can choose to receive: (a) the remaining schedule of GBPs until the RBA equals zero; or (b) SINGLE LIFE: the ALP annually until the latter of (i) the death of the covered person, or (ii) the RBA is reduced to zero; or (c) JOINT LIFE: the ALP annually until the latter of (i) the death of the last surviving covered spouse, or (ii) the RBA is reduced to zero. We will notify you of this option. If no election is made, the ALP will be paid. 3) The ALP has been established and the contract value falls to zero as a result of a withdrawal that is greater than the RALP but less than or equal to the RBP. In this scenario, the remaining schedule of GBPs will be paid until the RBA equals zero. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 125 4) The ALP has been established and the contract value falls to zero as a result of a withdrawal that is greater than the RBP but less than or equal to the RALP. In this scenario, the ALP will be paid annually until the death of the: - SINGLE LIFE: covered person; - JOINT LIFE: last surviving covered spouse. Under any of these scenarios: - The annualized amounts will be paid to you in the frequency you elect. You may elect a frequency offered by us at the time payments begin. Available payment frequencies will be no less frequent than annually; - We will no longer accept additional purchase payments; - You will no longer be charged for the rider; - Any attached death benefit riders will terminate; and - SINGLE LIFE: The death benefit becomes the remaining payments, if any, until the RBA is reduced to zero. - JOINT LIFE: If the owner had been receiving the ALP, upon the first death the ALP will continue to be paid annually until the later of: 1) the death of the last surviving covered spouse or 2) the RBA is reduced to zero. In all other situations the death benefit becomes the remaining payments, if any, until the RBA is reduced to zero. The SecureSource rider and the contract will terminate under either of the following two scenarios: - If the contract value falls to zero as a result of a withdrawal that is greater than both the RALP and the RBP. This is full surrender of the contract value. - If the contract value falls to zero as a result of a withdrawal that is greater than the RALP but less than or equal to the RBP, and the total RBA is reduced to zero. AT DEATH: SINGLE LIFE: If the contract value is greater than zero when the death benefit becomes payable, the beneficiary may: 1) elect to take the death benefit under the terms of the contract, 2) take the fixed payout option available under this rider, or 3) continue the contract under the spousal continuation provision of the contract above. If the contract value equals zero and the death benefit becomes payable, the following will occur: - If the RBA is greater than zero and the owner has been receiving the GBP each year, the GBP will continue to be paid to the beneficiary until the RBA equals zero. - If the covered person dies and the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the RBA equals zero. - If the covered person is still alive and the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the later of the death of the covered person or the RBA equals zero. - If the covered person is still alive and the RBA equals zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the death of the covered person. - If the covered person dies and the RBA equals zero, the benefit terminates. No further payments will be made. JOINT LIFE: If the death benefit becomes payable at the death of a covered spouse, the surviving covered spouse must utilize the spousal continuation provision of the contract and continue the contract as the new owner to continue the joint benefit. If spousal continuation is not available under the terms of the contract, the rider terminates. The lifetime benefit of this rider ends at the death of the last surviving covered spouse. If the contract value is greater than zero when the death benefit becomes payable, the beneficiary may: 1) elect to take the death benefit under the terms of the contract, 2) take the fixed payout option available under this rider, or 3) continue the contract under the spousal continuation provision of the contract above. If the contract value equals zero at the first death of a covered spouse, the ALP will continue to be paid annually until the later of: 1) the death of the last surviving covered spouse or 2) the RBA is reduced to zero. If the contract value equals zero at the death of the last surviving covered spouse, the following will occur: - If the RBA is greater than zero and the owner has been receiving the GBP each year, the GBP will continue to be paid to the beneficiary until the RBA equals zero. - If the RBA is greater than zero and the owner has been receiving the ALP each year, the ALP will continue to be paid to the beneficiary until the RBA equals zero. - If the RBA equals zero, the benefit terminates. No further payments will be made. -------------------------------------------------------------------------------- 126 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS CONTRACT OWNERSHIP CHANGE: SINGLE LIFE: If the contract changes ownership (see "Changing Ownership"), the GBA, RBA, GBP, RBP values will remain unchanged and the ALP and RALP will be reset as follows. Our current administrative practice is to only reset the ALP and RALP if the covered person changes due to the ownership change. - If the ALP has not yet been established and the new covered person has not yet reached age 65 as of the ownership change date -- the ALP and the RALP will be established on the contract anniversary following the date the covered person reaches age 65. The ALP will be set equal to the lesser of the RBA or the anniversary contract value, multiplied by 6%. If the anniversary date occurs during the waiting period and prior to a withdrawal, the RALP will be set equal to the lesser of the ALP or total purchase payments plus any purchase payment credits, multiplied by 6%. If the anniversary date occurs at any other time, the RALP will be set equal to the ALP. - If the ALP has not yet been established but the new covered person is age 65 or older as of the ownership change date -- the ALP and the RALP will be established on the ownership change date. The ALP will be set equal to the lesser of the RBA or the contract value, multiplied by 6%. If the ownership change date occurs during the waiting period and prior to a withdrawal, the RALP will be set to the lesser of the ALP or total purchase payments plus any purchase payment credits multiplied by 6%. If the ownership change date occurs at any other time, the RALP will be set to the ALP less all prior withdrawals made in the current contract year but not less than zero. - If the ALP has been established but the new covered person has not yet reached age 65 as of the ownership change date -- the ALP and the RALP will be reset to zero for the period of time beginning with the ownership change date and ending with the contract anniversary following the date the covered person reaches age 65. At the end of this time period, the ALP will be reset to the lesser of the RBA or the anniversary contract value, multiplied by 6%. If the time period ends during the waiting period and prior to any withdrawals, the RALP will be reset to the lesser of the ALP or total purchase payments plus any purchase payment credits, multiplied by 6%. If the time period ends at any other time, the RALP will be reset to the ALP. - If the ALP has been established and the new covered person is age 65 or older as of the ownership change date -- the ALP and the RALP will be reset on the ownership change date. The ALP will be reset to the lesser of the current ALP or 6% of the contract value. If the ownership change date occurs during the waiting period and prior to a withdrawal, the RALP will be reset to the lesser of the ALP or total purchase payments plus any purchase payment credits multiplied by 6%. If the ownership change date occurs at any other time, the RALP will be reset to the ALP less all prior withdrawals made in the current contract year but not less than zero. Please note that the lifetime withdrawal benefit amount may be reduced as a result of the ownership change. JOINT LIFE: Ownership changes are only allowed between the covered spouses or their revocable trust(s). No other ownership changes are allowed as long as the rider is in force. REMAINING BENEFIT AMOUNT (RBA) PAYOUT OPTION: Several annuity payout plans are available under the contract. As an alternative to these annuity payout plans, a fixed annuity payout option is available under the SecureSource riders. Under this option the amount payable each year will be equal to the remaining schedule of GBPs, but the total amount paid over the life of the annuity will not exceed the current total RBA at the time you begin this fixed annuity payout option. These annualized amounts will be paid in the frequency that you elect. The frequencies will be among those offered by us at that time but will be no less frequent than annually. If, at the death of the owner, total payouts have been made for less than the RBA, the remaining payouts will be paid to the beneficiary (see "The Annuity Payout Period" and "Taxes"). This option may not be available if the contract is issued to qualify under section 403 or 408 of the Code, as amended. For such contracts, this option will be available only if the guaranteed payment period is less than the life expectancy of the owner at the time the option becomes effective. Such life expectancy will be computed using a life expectancy table published by the IRS. This annuity payout option may also be elected by the beneficiary of a contract as a settlement option. Whenever multiple beneficiaries are designated under the contract, each such beneficiary's share of the proceeds if they elect this option will be in proportion to their applicable designated beneficiary percentage. Beneficiaries of nonqualified contracts may elect this settlement option subject to the distribution requirements of the contract. We reserve the right to adjust the remaining schedule of GBPs if necessary to comply with the Code. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 127 RIDER TERMINATION The SecureSource rider cannot be terminated either by you or us except as follows: 1. SINGLE LIFE: After the death benefit is payable the rider will terminate if: (a) any one other than your spouse continues the contract, or (b) your spouse does not use the spousal continuation provision of the contract to continue the contract. 2. JOINT LIFE: After the death benefit is payable the rider will terminate if: (a) any one other than a covered spouse continues the contract, or (b) a covered spouse does not use the spousal continuation provision of the contract to continue the contract. 3. Annuity payouts under an annuity payout plan will terminate the rider. 4. Termination of the contract for any reason will terminate the rider. -------------------------------------------------------------------------------- 128 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS APPENDIX I: CONDENSED FINANCIAL INFORMATION (UNAUDITED) The following tables give per-unit information about the financial history of each subaccount. The date in which operations commenced in each subaccount is noted in parentheses. We have not provided this information for subaccounts that were not available under your contract as of Dec. 31, 2010.
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $1.09 $0.71 $1.37 $1.15 $1.00 Accumulation unit value at end of period $1.28 $1.09 $0.71 $1.37 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 2,971 3,313 1,964 1,519 6,467 ---------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.72 $1.22 $1.17 $1.00 Accumulation unit value at end of period $0.96 $0.86 $0.72 $1.22 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 5,889 6,136 5,992 7,074 1,936 ---------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.80 $0.60 $1.30 $1.24 $1.00 Accumulation unit value at end of period $0.83 $0.80 $0.60 $1.30 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 30,081 130,094 295,091 140,364 33,087 ---------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $1.00 $0.74 $1.23 $1.10 $1.00 Accumulation unit value at end of period $1.09 $1.00 $0.74 $1.23 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 1,769 1,603 1,325 1,295 346 ---------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $1.08 $0.84 $1.12 $1.16 $1.00 Accumulation unit value at end of period $1.27 $1.08 $0.84 $1.12 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 6,746 71,544 74,527 79,523 987 ---------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.72 $1.25 $1.04 $1.00 Accumulation unit value at end of period $1.10 $0.96 $0.72 $1.25 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 3,552 3,365 3,395 2,725 36,949 ---------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.79 $1.09 $1.16 $1.00 Accumulation unit value at end of period $1.05 $0.94 $0.79 $1.09 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 12,846 12,296 10,333 11,609 3,143 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.79 $1.14 $1.13 $1.00 Accumulation unit value at end of period $1.09 $0.97 $0.79 $1.14 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 8,118 9,918 2,682 3,274 829 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (06/26/2006) Accumulation unit value at beginning of period $1.07 $1.07 $1.06 $1.02 $1.00 Accumulation unit value at end of period $1.06 $1.07 $1.07 $1.06 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 38,057 56,313 97,399 60,832 34,337 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 3) at Dec. 31, 2010 were (0.96%) and (0.95%), respectively. ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.16 $1.02 $1.10 $1.05 $1.00 Accumulation unit value at end of period $1.24 $1.16 $1.02 $1.10 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 63,231 972,289 788,507 586,913 145,290 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.71 $1.21 $1.13 $1.00 Accumulation unit value at end of period $1.04 $0.90 $0.71 $1.21 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 66,039 784,644 581,359 300,203 93,936 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.83 $0.68 $1.18 $1.15 $1.00 Accumulation unit value at end of period $0.97 $0.83 $0.68 $1.18 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 1,258 1,264 1,237 1,353 461 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.46 $0.84 $1.84 $1.34 $1.00 Accumulation unit value at end of period $1.73 $1.46 $0.84 $1.84 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 19,363 96,670 170,447 72,075 18,150 ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 129
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.23 $1.11 $1.12 $1.05 $1.00 Accumulation unit value at end of period $1.30 $1.23 $1.11 $1.12 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 21,158 313,653 259,518 199,962 41,689 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.16 $1.10 $1.11 $1.03 $1.00 Accumulation unit value at end of period $1.20 $1.16 $1.10 $1.11 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 19,071 489,118 159,105 125,450 53,228 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.16 $0.82 $1.09 $1.08 $1.00 Accumulation unit value at end of period $1.29 $1.16 $0.82 $1.09 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 10,905 10,915 8,519 8,110 2,469 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.23 $0.81 $1.09 $1.08 $1.00 Accumulation unit value at end of period $1.39 $1.23 $0.81 $1.09 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 17,925 18,658 13,874 16,917 6,215 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.24 $0.88 $1.09 $1.07 $1.00 Accumulation unit value at end of period $1.39 $1.24 $0.88 $1.09 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 15,925 425,767 209,056 151,929 49,975 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.78 $1.32 $1.18 $1.00 Accumulation unit value at end of period $1.11 $0.98 $0.78 $1.32 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 4,182 4,460 3,440 3,482 1,285 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.64 $1.16 $1.14 $1.00 Accumulation unit value at end of period $1.01 $0.87 $0.64 $1.16 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 4,320 4,123 3,524 4,502 1,470 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.77 $1.28 $1.09 $1.00 Accumulation unit value at end of period $1.16 $0.96 $0.77 $1.28 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 29,159 626,487 391,002 205,091 48,403 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.00 $0.73 $1.43 $1.20 $1.00 Accumulation unit value at end of period $1.13 $1.00 $0.73 $1.43 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 9,469 10,385 10,806 7,134 23,001 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.05 $0.65 $1.19 $1.05 $1.00 Accumulation unit value at end of period $1.32 $1.05 $0.65 $1.19 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 3,871 3,392 1,407 1,461 338 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.65 $1.20 $1.09 $1.00 Accumulation unit value at end of period $1.11 $0.91 $0.65 $1.20 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 17,892 66,735 94,511 58,370 50,393 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.74 $1.19 $1.14 $1.00 Accumulation unit value at end of period $1.06 $0.93 $0.74 $1.19 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 6,003 5,694 4,520 3,380 1,079 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.69 $1.15 $1.16 $1.00 Accumulation unit value at end of period $1.03 $0.86 $0.69 $1.15 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1,680 915 794 881 285 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.63 $1.04 $1.10 $1.00 Accumulation unit value at end of period $1.11 $0.88 $0.63 $1.04 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 1,954 1,459 1,213 1,104 397 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.09 $1.04 $1.08 $1.03 $1.00 Accumulation unit value at end of period $1.11 $1.09 $1.04 $1.08 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 22,090 19,314 18,319 9,945 2,091 ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 130 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (06/26/2006) Accumulation unit value at beginning of period $0.92 $0.78 $1.18 $1.02 $1.00 Accumulation unit value at end of period $1.07 $0.92 $0.78 $1.18 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 8,793 8,768 6,606 4,051 23,928 ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,215 1,743 877 -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- Accumulation unit value at end of period $1.05 $0.97 $0.84 -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,297 2,302 1,569 -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- Accumulation unit value at end of period $0.99 $0.91 $0.76 -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,356 6,970 2,114 -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,418 3,707 1,980 -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.94 $0.79 $1.00 -- -- Accumulation unit value at end of period $1.02 $0.94 $0.79 -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,279 3,756 1,295 -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DREYFUS VARIABLE INVESTMENT FUND INTERNATIONAL EQUITY PORTFOLIO, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.78 $1.37 $1.18 $1.00 Accumulation unit value at end of period $1.06 $0.97 $0.78 $1.37 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 2,788 3,106 3,075 2,094 733 ---------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.75 $1.03 $1.03 $1.00 Accumulation unit value at end of period $1.16 $1.07 $0.75 $1.03 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 23,794 261,015 165,981 112,633 46,638 ---------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.73 $1.28 $1.10 $1.00 Accumulation unit value at end of period $1.13 $0.97 $0.73 $1.28 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 52,513 180,001 379,751 246,455 94,738 ---------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.04 $0.75 $1.25 $1.09 $1.00 Accumulation unit value at end of period $1.32 $1.04 $0.75 $1.25 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 44,384 199,837 248,092 127,339 36,125 ---------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.75 $1.35 $1.16 $1.00 Accumulation unit value at end of period $1.05 $0.94 $0.75 $1.35 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 9,733 10,921 10,113 8,721 2,653 ---------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.64 $0.55 $0.95 $1.22 $1.00 Accumulation unit value at end of period $0.77 $0.64 $0.55 $0.95 $1.22 Number of accumulation units outstanding at end of period (000 omitted) 12,512 13,465 13,508 15,015 6,443 ---------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.70 $1.06 $1.09 $1.00 Accumulation unit value at end of period $1.14 $0.90 $0.70 $1.06 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 12,529 13,709 12,625 11,602 4,228 ---------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.73 $1.17 $1.14 $1.00 Accumulation unit value at end of period $1.01 $0.91 $0.73 $1.17 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 16,807 17,365 17,652 20,093 5,798 ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 131
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (06/26/2006) Accumulation unit value at beginning of period $0.83 $0.69 $1.10 $1.13 $1.00 Accumulation unit value at end of period $0.92 $0.83 $0.69 $1.10 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 6,259 7,238 7,321 9,453 4,040 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.82 $0.69 $1.20 $1.09 $1.00 Accumulation unit value at end of period $0.94 $0.82 $0.69 $1.20 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 2,757 3,103 2,879 2,330 1,060 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.63 $1.21 $1.10 $1.00 Accumulation unit value at end of period $1.05 $0.89 $0.63 $1.21 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 2,013 2,424 2,546 2,798 719 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES II SHARES* (06/26/2006) Accumulation unit value at beginning of period $0.46 $0.36 $0.90 $1.17 $1.00 Accumulation unit value at end of period $0.50 $0.46 $0.36 $0.90 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 5,866 5,983 3,711 1,648 695 *Invesco V.I. Financial Services Fund, Series II Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series II Shares on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.85 $1.20 $1.09 $1.00 Accumulation unit value at end of period $1.11 $1.07 $0.85 $1.20 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 3,184 3,258 3,220 2,213 16,983 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.11 $0.83 $1.40 $1.24 $1.00 Accumulation unit value at end of period $1.24 $1.11 $0.83 $1.40 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 11,342 238,183 191,749 79,002 607 ---------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.70 $1.10 $1.13 $1.00 Accumulation unit value at end of period $1.02 $0.89 $0.70 $1.10 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 16,418 201,934 251,843 151,420 67,895 ---------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- Accumulation unit value at end of period $0.97 $0.85 $0.63 $1.06 -- Number of accumulation units outstanding at end of period (000 omitted) 15,295 639,872 430,107 255,815 -- ---------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.85 $0.60 $1.02 $1.00 -- Accumulation unit value at end of period $1.05 $0.85 $0.60 $1.02 -- Number of accumulation units outstanding at end of period (000 omitted) 2,132 2,226 1,683 864 -- ---------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.04 $0.76 $1.21 $1.10 $1.00 Accumulation unit value at end of period $1.16 $1.04 $0.76 $1.21 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 2,801 2,648 1,141 650 320 ---------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.28 $0.97 $1.57 $1.24 $1.00 Accumulation unit value at end of period $1.44 $1.28 $0.97 $1.57 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 16,579 17,912 18,559 16,501 4,446 ---------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.64 $1.17 $1.29 $1.00 Accumulation unit value at end of period $1.09 $0.90 $0.64 $1.17 $1.29 Number of accumulation units outstanding at end of period (000 omitted) 8,650 96,054 117,566 42,226 21,964 ---------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.08 $0.69 $1.31 $1.08 $1.00 Accumulation unit value at end of period $1.42 $1.08 $0.69 $1.31 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 6,158 5,604 4,975 4,591 17,766 ---------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.64 $1.20 $1.17 $1.00 Accumulation unit value at end of period $1.03 $0.85 $0.64 $1.20 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 4,163 137,644 119,726 86,117 26,194 ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 132 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.73 $1.21 $1.14 $1.00 Accumulation unit value at end of period $1.15 $0.95 $0.73 $1.21 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 1,455 1,127 833 629 164 ---------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.00 $0.73 $1.23 $1.17 $1.00 Accumulation unit value at end of period $1.15 $1.00 $0.73 $1.23 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 8,021 7,911 7,145 6,835 2,542 ---------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.17 $1.00 $1.17 $1.08 $1.00 Accumulation unit value at end of period $1.33 $1.17 $1.00 $1.17 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 65,085 577,448 420,661 316,103 64,310 ---------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.66 $1.08 $1.10 $1.00 Accumulation unit value at end of period $1.10 $0.90 $0.66 $1.08 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 7,403 8,026 7,814 7,765 3,088 ---------------------------------------------------------------------------------------------------------------- OPPENHEIMER VALUE FUND/VA, SERVICE SHARES (09/15/2006) Accumulation unit value at beginning of period $0.85 $0.65 $1.12 $1.07 $1.00 Accumulation unit value at end of period $0.97 $0.85 $0.65 $1.12 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 2,050 2,171 1,604 1,833 138 ---------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.15 $0.96 $1.15 $1.07 $1.00 Accumulation unit value at end of period $1.29 $1.15 $0.96 $1.15 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 18,465 351,435 346,275 235,995 82,883 ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 79,955 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 709,794 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 37,862 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 407,564 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.70 $1.15 $1.12 $1.00 Accumulation unit value at end of period $1.01 $0.91 $0.70 $1.15 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 12,854 634,379 315,690 173,483 64,829 ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.73 $1.16 $1.10 $1.00 Accumulation unit value at end of period $1.19 $0.99 $0.73 $1.16 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 922 738 671 780 107 ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 543,150 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,048,660 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 382,806 -- -- -- -- ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 133
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,821,858 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 130,486 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,012,023 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.72 $1.06 $1.12 $1.00 Accumulation unit value at end of period $1.20 $0.97 $0.72 $1.06 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 11,214 373,857 309,935 185,435 24,338 ---------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (06/26/2006) Accumulation unit value at beginning of period $1.15 $0.77 $1.43 $1.24 $1.00 Accumulation unit value at end of period $1.42 $1.15 $0.77 $1.43 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 26,504 187,502 120,530 56,104 23,903 ---------------------------------------------------------------------------------------------------------------- WANGER USA (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.68 $1.13 $1.08 $1.00 Accumulation unit value at end of period $1.16 $0.95 $0.68 $1.13 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 22,943 153,936 123,418 77,217 9,756 ---------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.80 $1.20 $1.12 $1.00 Accumulation unit value at end of period $1.24 $1.07 $0.80 $1.20 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 4,191 3,772 1,827 1,105 403 ---------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.77 $1.34 $1.17 $1.00 Accumulation unit value at end of period $1.02 $0.89 $0.77 $1.34 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 8,294 298,706 4,123 4,214 1,467 ---------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.03 $0.70 $1.18 $1.12 $1.00 Accumulation unit value at end of period $1.26 $1.03 $0.70 $1.18 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 2,066 2,178 1,767 2,129 556 ---------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.75 $1.29 $1.15 $1.00 Accumulation unit value at end of period $1.43 $1.14 $0.75 $1.29 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 8,077 7,416 5,757 5,179 1,212 ----------------------------------------------------------------------------------------------------------------
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $1.08 $0.71 $1.37 $1.15 $1.00 Accumulation unit value at end of period $1.26 $1.08 $0.71 $1.37 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 1,335 1,422 868 826 2,366 ---------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.71 $1.22 $1.17 $1.00 Accumulation unit value at end of period $0.95 $0.85 $0.71 $1.22 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 3,473 3,606 3,339 3,809 815 ---------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.80 $0.60 $1.30 $1.24 $1.00 Accumulation unit value at end of period $0.82 $0.80 $0.60 $1.30 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 15,576 55,082 134,103 71,496 17,586 ---------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.73 $1.23 $1.09 $1.00 Accumulation unit value at end of period $1.08 $0.99 $0.73 $1.23 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 917 1,097 905 839 170 ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 134 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.83 $1.12 $1.16 $1.00 Accumulation unit value at end of period $1.26 $1.07 $0.83 $1.12 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 4,221 25,534 34,239 39,420 1,124 ---------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.72 $1.24 $1.04 $1.00 Accumulation unit value at end of period $1.09 $0.96 $0.72 $1.24 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 1,807 1,872 2,187 1,670 16,170 ---------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.79 $1.09 $1.16 $1.00 Accumulation unit value at end of period $1.05 $0.93 $0.79 $1.09 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 8,359 9,000 8,788 9,147 3,228 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.79 $1.13 $1.13 $1.00 Accumulation unit value at end of period $1.08 $0.97 $0.79 $1.13 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 5,955 7,468 2,260 3,045 692 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (06/26/2006) Accumulation unit value at beginning of period $1.06 $1.07 $1.06 $1.02 $1.00 Accumulation unit value at end of period $1.05 $1.06 $1.07 $1.06 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 27,422 40,034 78,386 66,258 30,300 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 3) at Dec. 31, 2010 were (1.18%) and (1.18%), respectively. ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.15 $1.01 $1.09 $1.05 $1.00 Accumulation unit value at end of period $1.23 $1.15 $1.01 $1.09 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 46,358 442,738 396,544 332,535 82,281 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.71 $1.20 $1.13 $1.00 Accumulation unit value at end of period $1.04 $0.90 $0.71 $1.20 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 32,441 313,086 252,046 139,948 47,849 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.83 $0.67 $1.17 $1.15 $1.00 Accumulation unit value at end of period $0.96 $0.83 $0.67 $1.17 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 1,062 1,185 914 1,147 275 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.45 $0.84 $1.83 $1.34 $1.00 Accumulation unit value at end of period $1.72 $1.45 $0.84 $1.83 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 10,790 37,952 71,157 31,794 8,077 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.22 $1.10 $1.12 $1.05 $1.00 Accumulation unit value at end of period $1.28 $1.22 $1.10 $1.12 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 16,568 143,161 130,420 111,551 23,263 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.15 $1.09 $1.10 $1.03 $1.00 Accumulation unit value at end of period $1.19 $1.15 $1.09 $1.10 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 12,681 214,008 81,236 68,621 29,756 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.16 $0.81 $1.09 $1.08 $1.00 Accumulation unit value at end of period $1.28 $1.16 $0.81 $1.09 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 6,905 6,860 5,532 5,720 2,032 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.22 $0.80 $1.09 $1.08 $1.00 Accumulation unit value at end of period $1.38 $1.22 $0.80 $1.09 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 12,241 12,921 10,347 11,949 4,619 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.23 $0.87 $1.08 $1.07 $1.00 Accumulation unit value at end of period $1.37 $1.23 $0.87 $1.08 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 11,029 180,301 95,420 75,951 28,107 ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 135
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.77 $1.31 $1.18 $1.00 Accumulation unit value at end of period $1.10 $0.98 $0.77 $1.31 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 3,475 3,620 3,288 3,183 1,483 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.64 $1.16 $1.14 $1.00 Accumulation unit value at end of period $1.00 $0.86 $0.64 $1.16 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 3,012 2,841 2,743 3,731 1,229 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.76 $1.27 $1.09 $1.00 Accumulation unit value at end of period $1.15 $0.95 $0.76 $1.27 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 14,397 250,317 170,602 98,884 25,237 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.73 $1.42 $1.20 $1.00 Accumulation unit value at end of period $1.12 $0.99 $0.73 $1.42 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 5,748 6,844 7,828 5,334 11,268 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.04 $0.65 $1.18 $1.05 $1.00 Accumulation unit value at end of period $1.30 $1.04 $0.65 $1.18 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 2,695 2,466 951 867 201 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.65 $1.19 $1.09 $1.00 Accumulation unit value at end of period $1.10 $0.90 $0.65 $1.19 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 9,643 26,538 41,871 28,850 23,159 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.92 $0.74 $1.19 $1.14 $1.00 Accumulation unit value at end of period $1.05 $0.92 $0.74 $1.19 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 3,814 3,971 3,649 2,723 808 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.69 $1.15 $1.16 $1.00 Accumulation unit value at end of period $1.02 $0.86 $0.69 $1.15 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1,238 753 543 624 255 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.63 $1.04 $1.10 $1.00 Accumulation unit value at end of period $1.10 $0.87 $0.63 $1.04 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 1,586 1,107 745 671 344 ---------------------------------------------------------------------------------------------------------------- COLULMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.08 $1.03 $1.07 $1.03 $1.00 Accumulation unit value at end of period $1.10 $1.08 $1.03 $1.07 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 13,992 14,488 13,686 5,824 1,511 ---------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.77 $1.18 $1.02 $1.00 Accumulation unit value at end of period $1.06 $0.91 $0.77 $1.18 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 6,597 6,272 4,552 2,404 11,513 ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- Number of accumulation units outstanding at end of period (000 omitted) 952 904 494 -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- Accumulation unit value at end of period $1.04 $0.97 $0.84 -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,341 2,575 776 -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- Accumulation unit value at end of period $0.99 $0.91 $0.76 -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,003 4,378 1,254 -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 136 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,303 1,983 764 -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,119 2,673 660 -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DREYFUS VARIABLE INVESTMENT FUND INTERNATIONAL EQUITY PORTFOLIO, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.78 $1.37 $1.18 $1.00 Accumulation unit value at end of period $1.05 $0.96 $0.78 $1.37 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 1,949 1,869 2,216 1,461 334 ---------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.74 $1.03 $1.03 $1.00 Accumulation unit value at end of period $1.15 $1.06 $0.74 $1.03 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 17,997 118,218 85,447 67,726 27,120 ---------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.72 $1.27 $1.10 $1.00 Accumulation unit value at end of period $1.12 $0.97 $0.72 $1.27 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 31,769 80,198 170,866 120,474 48,092 ---------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.03 $0.74 $1.24 $1.09 $1.00 Accumulation unit value at end of period $1.31 $1.03 $0.74 $1.24 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 21,472 79,888 111,747 60,463 18,038 ---------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.75 $1.34 $1.16 $1.00 Accumulation unit value at end of period $1.04 $0.93 $0.75 $1.34 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 5,049 5,548 5,707 4,948 1,434 ---------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.64 $0.54 $0.95 $1.21 $1.00 Accumulation unit value at end of period $0.77 $0.64 $0.54 $0.95 $1.21 Number of accumulation units outstanding at end of period (000 omitted) 5,597 5,633 6,070 7,265 3,157 ---------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.70 $1.05 $1.09 $1.00 Accumulation unit value at end of period $1.13 $0.89 $0.70 $1.05 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 5,828 6,619 6,684 6,312 2,407 ---------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.73 $1.17 $1.14 $1.00 Accumulation unit value at end of period $1.00 $0.91 $0.73 $1.17 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 11,979 12,441 13,358 15,116 4,294 ---------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (06/26/2006) Accumulation unit value at beginning of period $0.82 $0.68 $1.10 $1.13 $1.00 Accumulation unit value at end of period $0.92 $0.82 $0.68 $1.10 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 3,820 3,784 3,714 4,307 1,797 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.68 $1.20 $1.09 $1.00 Accumulation unit value at end of period $0.93 $0.81 $0.68 $1.20 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 1,497 1,761 1,891 1,961 1,047 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.63 $1.21 $1.10 $1.00 Accumulation unit value at end of period $1.04 $0.89 $0.63 $1.21 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 1,259 1,623 1,750 2,258 575 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES II SHARES* (06/26/2006) Accumulation unit value at beginning of period $0.45 $0.36 $0.90 $1.17 $1.00 Accumulation unit value at end of period $0.49 $0.45 $0.36 $0.90 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 3,320 3,518 2,599 982 377 *Invesco V.I. Financial Services Fund, Series II Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series II Shares on April 29, 2011. ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 137
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.84 $1.20 $1.08 $1.00 Accumulation unit value at end of period $1.10 $1.06 $0.84 $1.20 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 2,319 2,339 1,902 1,489 7,279 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.10 $0.82 $1.40 $1.24 $1.00 Accumulation unit value at end of period $1.22 $1.10 $0.82 $1.40 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 7,072 94,818 82,817 36,588 566 ---------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.70 $1.10 $1.13 $1.00 Accumulation unit value at end of period $1.01 $0.88 $0.70 $1.10 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 8,232 81,027 107,604 68,660 32,553 ---------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- Accumulation unit value at end of period $0.96 $0.85 $0.63 $1.06 -- Number of accumulation units outstanding at end of period (000 omitted) 6,484 250,167 182,177 115,892 -- ---------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.84 $0.60 $1.02 $1.00 -- Accumulation unit value at end of period $1.04 $0.84 $0.60 $1.02 -- Number of accumulation units outstanding at end of period (000 omitted) 1,342 1,238 929 534 -- ---------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.04 $0.75 $1.21 $1.10 $1.00 Accumulation unit value at end of period $1.15 $1.04 $0.75 $1.21 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 2,062 1,651 807 641 321 ---------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.27 $0.96 $1.57 $1.24 $1.00 Accumulation unit value at end of period $1.42 $1.27 $0.96 $1.57 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 9,996 10,420 10,996 10,760 2,967 ---------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.64 $1.16 $1.28 $1.00 Accumulation unit value at end of period $1.08 $0.90 $0.64 $1.16 $1.28 Number of accumulation units outstanding at end of period (000 omitted) 5,173 38,110 50,443 20,119 11,119 ---------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.69 $1.31 $1.08 $1.00 Accumulation unit value at end of period $1.41 $1.07 $0.69 $1.31 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 3,564 3,043 2,825 2,863 8,501 ---------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.64 $1.20 $1.17 $1.00 Accumulation unit value at end of period $1.02 $0.85 $0.64 $1.20 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 2,095 52,314 49,940 38,901 12,041 ---------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.72 $1.21 $1.14 $1.00 Accumulation unit value at end of period $1.14 $0.94 $0.72 $1.21 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 663 607 615 433 124 ---------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.00 $0.72 $1.22 $1.17 $1.00 Accumulation unit value at end of period $1.14 $1.00 $0.72 $1.22 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 4,933 5,430 5,426 5,428 2,158 ---------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.16 $0.99 $1.17 $1.08 $1.00 Accumulation unit value at end of period $1.32 $1.16 $0.99 $1.17 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 52,025 270,231 222,194 182,029 37,454 ---------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.66 $1.07 $1.10 $1.00 Accumulation unit value at end of period $1.09 $0.89 $0.66 $1.07 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 4,833 5,411 5,373 5,501 2,177 ---------------------------------------------------------------------------------------------------------------- OPPENHEIMER VALUE FUND/VA, SERVICE SHARES (09/15/2006) Accumulation unit value at beginning of period $0.85 $0.65 $1.12 $1.07 $1.00 Accumulation unit value at end of period $0.96 $0.85 $0.65 $1.12 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 1,186 1,308 1,236 1,705 113 ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 138 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.95 $1.14 $1.07 $1.00 Accumulation unit value at end of period $1.28 $1.14 $0.95 $1.14 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 13,843 143,534 158,174 117,365 42,994 ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,608 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 212,702 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,779 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 245,306 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.70 $1.15 $1.12 $1.00 Accumulation unit value at end of period $1.00 $0.91 $0.70 $1.15 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 5,128 244,849 135,010 80,555 31,988 ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.72 $1.16 $1.10 $1.00 Accumulation unit value at end of period $1.18 $0.98 $0.72 $1.16 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 889 792 682 661 84 ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 57,790 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,685,221 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 33,804 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 918,448 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 21,323 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 497,806 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.72 $1.06 $1.12 $1.00 Accumulation unit value at end of period $1.19 $0.97 $0.72 $1.06 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 5,660 145,260 131,215 85,865 10,682 ---------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.77 $1.43 $1.24 $1.00 Accumulation unit value at end of period $1.41 $1.14 $0.77 $1.43 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 14,811 75,441 53,867 29,049 11,710 ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 139
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- WANGER USA (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.67 $1.13 $1.08 $1.00 Accumulation unit value at end of period $1.15 $0.95 $0.67 $1.13 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 11,753 60,871 53,861 36,284 4,737 ---------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.79 $1.20 $1.12 $1.00 Accumulation unit value at end of period $1.23 $1.07 $0.79 $1.20 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 3,660 3,082 1,757 1,013 252 ---------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.77 $1.33 $1.17 $1.00 Accumulation unit value at end of period $1.01 $0.88 $0.77 $1.33 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 3,739 122,714 2,444 2,285 776 ---------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.02 $0.70 $1.18 $1.11 $1.00 Accumulation unit value at end of period $1.25 $1.02 $0.70 $1.18 $1.11 Number of accumulation units outstanding at end of period (000 omitted) 1,135 1,197 1,080 959 327 ---------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.13 $0.75 $1.29 $1.14 $1.00 Accumulation unit value at end of period $1.42 $1.13 $0.75 $1.29 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 5,102 4,669 3,444 3,245 854 ----------------------------------------------------------------------------------------------------------------
VARIABLE ACCOUNT CHARGES OF 1.10% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $1.08 $0.71 $1.37 $1.15 $1.00 Accumulation unit value at end of period $1.26 $1.08 $0.71 $1.37 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 1,049 1,057 587 365 1,142 ---------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.71 $1.22 $1.17 $1.00 Accumulation unit value at end of period $0.95 $0.85 $0.71 $1.22 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 1,850 2,039 1,592 1,556 507 ---------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.80 $0.60 $1.30 $1.24 $1.00 Accumulation unit value at end of period $0.82 $0.80 $0.60 $1.30 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 11,867 40,250 87,244 38,356 8,397 ---------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.73 $1.23 $1.09 $1.00 Accumulation unit value at end of period $1.08 $0.99 $0.73 $1.23 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 306 239 150 158 111 ---------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.83 $1.12 $1.16 $1.00 Accumulation unit value at end of period $1.26 $1.07 $0.83 $1.12 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 2,309 17,413 21,846 20,594 250 ---------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.72 $1.24 $1.04 $1.00 Accumulation unit value at end of period $1.09 $0.95 $0.72 $1.24 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 853 821 577 514 7,306 ---------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.79 $1.09 $1.16 $1.00 Accumulation unit value at end of period $1.04 $0.93 $0.79 $1.09 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 4,363 4,264 3,835 3,320 1,105 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.79 $1.13 $1.13 $1.00 Accumulation unit value at end of period $1.07 $0.97 $0.79 $1.13 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 3,328 4,084 1,157 1,380 306 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (06/26/2006) Accumulation unit value at beginning of period $1.06 $1.07 $1.06 $1.02 $1.00 Accumulation unit value at end of period $1.05 $1.06 $1.07 $1.06 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 12,070 19,630 37,395 21,785 9,715 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 3) at Dec. 31, 2010 were (1.26%) and (1.25%), respectively. ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 140 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.10% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.14 $1.01 $1.09 $1.05 $1.00 Accumulation unit value at end of period $1.23 $1.14 $1.01 $1.09 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 22,789 328,316 248,818 163,183 34,539 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.20 $1.13 $1.00 Accumulation unit value at end of period $1.03 $0.89 $0.71 $1.20 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 18,439 227,242 159,469 71,512 20,717 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.82 $0.67 $1.17 $1.15 $1.00 Accumulation unit value at end of period $0.96 $0.82 $0.67 $1.17 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 368 375 366 461 129 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.45 $0.84 $1.83 $1.34 $1.00 Accumulation unit value at end of period $1.71 $1.45 $0.84 $1.83 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 6,267 25,932 45,352 16,836 3,634 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.21 $1.10 $1.12 $1.05 $1.00 Accumulation unit value at end of period $1.28 $1.21 $1.10 $1.12 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 7,961 103,933 79,449 54,634 9,735 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.15 $1.09 $1.10 $1.03 $1.00 Accumulation unit value at end of period $1.19 $1.15 $1.09 $1.10 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 6,274 157,675 48,593 33,414 12,575 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.15 $0.81 $1.09 $1.08 $1.00 Accumulation unit value at end of period $1.28 $1.15 $0.81 $1.09 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 3,432 2,847 2,027 1,780 588 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.22 $0.80 $1.08 $1.08 $1.00 Accumulation unit value at end of period $1.38 $1.22 $0.80 $1.08 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 6,185 5,553 2,850 3,380 1,111 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.23 $0.87 $1.08 $1.07 $1.00 Accumulation unit value at end of period $1.37 $1.23 $0.87 $1.08 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 5,172 132,844 59,935 38,612 11,996 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.77 $1.31 $1.18 $1.00 Accumulation unit value at end of period $1.10 $0.97 $0.77 $1.31 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 1,824 1,873 1,656 1,210 490 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.64 $1.16 $1.14 $1.00 Accumulation unit value at end of period $1.00 $0.86 $0.64 $1.16 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 1,117 1,096 1,181 1,382 367 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.76 $1.27 $1.09 $1.00 Accumulation unit value at end of period $1.15 $0.95 $0.76 $1.27 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 9,404 185,351 110,062 51,553 11,519 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.73 $1.42 $1.20 $1.00 Accumulation unit value at end of period $1.11 $0.99 $0.73 $1.42 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 4,074 4,454 4,367 2,855 5,330 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.04 $0.64 $1.18 $1.05 $1.00 Accumulation unit value at end of period $1.30 $1.04 $0.64 $1.18 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 1,299 899 309 239 160 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.65 $1.19 $1.09 $1.00 Accumulation unit value at end of period $1.09 $0.90 $0.65 $1.19 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 4,691 16,209 25,171 13,681 10,320 ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 141
VARIABLE ACCOUNT CHARGES OF 1.10% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.92 $0.74 $1.19 $1.14 $1.00 Accumulation unit value at end of period $1.04 $0.92 $0.74 $1.19 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 2,080 1,603 1,026 1,015 235 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.69 $1.14 $1.16 $1.00 Accumulation unit value at end of period $1.02 $0.85 $0.69 $1.14 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 376 286 100 168 24 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.63 $1.04 $1.10 $1.00 Accumulation unit value at end of period $1.09 $0.87 $0.63 $1.04 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 617 362 263 187 54 ---------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.08 $1.03 $1.07 $1.03 $1.00 Accumulation unit value at end of period $1.10 $1.08 $1.03 $1.07 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 6,531 6,712 3,556 1,592 369 ---------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.77 $1.18 $1.02 $1.00 Accumulation unit value at end of period $1.05 $0.91 $0.77 $1.18 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 5,474 4,737 3,330 1,797 5,526 ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- Accumulation unit value at end of period $0.96 $0.87 $0.71 -- -- Number of accumulation units outstanding at end of period (000 omitted) 660 525 169 -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- Accumulation unit value at end of period $1.04 $0.97 $0.84 -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,297 1,688 436 -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.90 $0.76 $1.00 -- -- Accumulation unit value at end of period $0.99 $0.90 $0.76 -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,838 2,246 634 -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,396 1,800 965 -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,087 1,815 324 -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- DREYFUS VARIABLE INVESTMENT FUND INTERNATIONAL EQUITY PORTFOLIO, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.78 $1.37 $1.18 $1.00 Accumulation unit value at end of period $1.04 $0.96 $0.78 $1.37 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 1,476 1,405 1,322 712 187 ---------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.74 $1.03 $1.03 $1.00 Accumulation unit value at end of period $1.14 $1.06 $0.74 $1.03 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 9,427 85,892 52,812 32,564 11,485 ---------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.72 $1.27 $1.10 $1.00 Accumulation unit value at end of period $1.12 $0.97 $0.72 $1.27 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 20,266 55,492 108,730 62,826 21,709 ---------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.03 $0.74 $1.24 $1.09 $1.00 Accumulation unit value at end of period $1.31 $1.03 $0.74 $1.24 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 13,369 55,298 70,935 30,848 8,140 ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 142 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.10% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.74 $1.34 $1.16 $1.00 Accumulation unit value at end of period $1.04 $0.93 $0.74 $1.34 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1,884 1,988 1,887 1,417 577 ---------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.64 $0.54 $0.95 $1.21 $1.00 Accumulation unit value at end of period $0.76 $0.64 $0.54 $0.95 $1.21 Number of accumulation units outstanding at end of period (000 omitted) 3,862 3,724 3,060 2,707 1,034 ---------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.70 $1.05 $1.09 $1.00 Accumulation unit value at end of period $1.13 $0.89 $0.70 $1.05 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 3,986 3,930 3,508 3,160 896 ---------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.73 $1.17 $1.14 $1.00 Accumulation unit value at end of period $0.99 $0.90 $0.73 $1.17 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 7,190 7,366 7,976 8,346 2,910 ---------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (06/26/2006) Accumulation unit value at beginning of period $0.82 $0.68 $1.10 $1.13 $1.00 Accumulation unit value at end of period $0.91 $0.82 $0.68 $1.10 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 1,238 1,364 1,887 2,280 1,088 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.68 $1.20 $1.09 $1.00 Accumulation unit value at end of period $0.93 $0.81 $0.68 $1.20 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 318 504 452 376 159 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.63 $1.20 $1.10 $1.00 Accumulation unit value at end of period $1.04 $0.88 $0.63 $1.20 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 1,017 1,177 1,144 1,126 320 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES II SHARES* (06/26/2006) Accumulation unit value at beginning of period $0.45 $0.36 $0.90 $1.17 $1.00 Accumulation unit value at end of period $0.49 $0.45 $0.36 $0.90 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 2,717 1,989 1,065 278 92 *Invesco V.I. Financial Services Fund, Series II Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series II Shares on April 29, 2011. ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.84 $1.20 $1.08 $1.00 Accumulation unit value at end of period $1.10 $1.06 $0.84 $1.20 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 988 923 830 730 3,445 ---------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.10 $0.82 $1.40 $1.24 $1.00 Accumulation unit value at end of period $1.22 $1.10 $0.82 $1.40 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 3,301 69,225 53,378 18,933 98 ---------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.69 $1.09 $1.13 $1.00 Accumulation unit value at end of period $1.01 $0.88 $0.69 $1.09 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 4,681 59,457 70,085 36,823 14,779 ---------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- Accumulation unit value at end of period $0.96 $0.85 $0.63 $1.06 -- Number of accumulation units outstanding at end of period (000 omitted) 3,982 186,397 119,627 61,515 -- ---------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.84 $0.60 $1.02 $1.00 -- Accumulation unit value at end of period $1.04 $0.84 $0.60 $1.02 -- Number of accumulation units outstanding at end of period (000 omitted) 879 836 406 182 -- ---------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.03 $0.75 $1.21 $1.10 $1.00 Accumulation unit value at end of period $1.15 $1.03 $0.75 $1.21 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 1,320 1,309 556 314 77 ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 143
VARIABLE ACCOUNT CHARGES OF 1.10% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.26 $0.96 $1.56 $1.24 $1.00 Accumulation unit value at end of period $1.42 $1.26 $0.96 $1.56 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 4,597 4,766 4,903 4,728 1,198 ---------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.64 $1.16 $1.28 $1.00 Accumulation unit value at end of period $1.08 $0.89 $0.64 $1.16 $1.28 Number of accumulation units outstanding at end of period (000 omitted) 3,753 28,363 32,801 11,264 5,010 ---------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.69 $1.31 $1.08 $1.00 Accumulation unit value at end of period $1.40 $1.07 $0.69 $1.31 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 1,802 1,865 2,003 1,241 3,807 ---------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.84 $0.63 $1.20 $1.17 $1.00 Accumulation unit value at end of period $1.02 $0.84 $0.63 $1.20 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 1,411 38,615 32,229 20,665 5,540 ---------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.72 $1.21 $1.14 $1.00 Accumulation unit value at end of period $1.14 $0.94 $0.72 $1.21 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 527 473 442 467 131 ---------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.72 $1.22 $1.17 $1.00 Accumulation unit value at end of period $1.14 $0.99 $0.72 $1.22 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 2,749 2,662 2,483 2,223 890 ---------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.16 $0.99 $1.17 $1.08 $1.00 Accumulation unit value at end of period $1.31 $1.16 $0.99 $1.17 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 25,717 187,936 133,107 88,028 15,783 ---------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.66 $1.07 $1.10 $1.00 Accumulation unit value at end of period $1.08 $0.89 $0.66 $1.07 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 3,510 3,623 3,710 3,313 1,148 ---------------------------------------------------------------------------------------------------------------- OPPENHEIMER VALUE FUND/VA, SERVICE SHARES (09/15/2006) Accumulation unit value at beginning of period $0.85 $0.65 $1.12 $1.07 $1.00 Accumulation unit value at end of period $0.96 $0.85 $0.65 $1.12 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 487 614 558 739 14 ---------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.95 $1.14 $1.07 $1.00 Accumulation unit value at end of period $1.28 $1.14 $0.95 $1.14 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 8,208 106,125 101,673 60,132 18,644 ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,088 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 168,024 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,374 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 169,771 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.70 $1.15 $1.12 $1.00 Accumulation unit value at end of period $1.00 $0.90 $0.70 $1.15 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 2,609 182,362 88,037 42,507 14,138 ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 144 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.10% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.72 $1.16 $1.10 $1.00 Accumulation unit value at end of period $1.18 $0.98 $0.72 $1.16 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 235 179 95 225 61 ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 77,581 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,296,870 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 43,655 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 640,890 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,835 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 404,992 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17 -- -- -- -- ---------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.71 $1.06 $1.12 $1.00 Accumulation unit value at end of period $1.19 $0.97 $0.71 $1.06 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 2,880 107,087 85,156 45,243 4,783 ---------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.77 $1.43 $1.24 $1.00 Accumulation unit value at end of period $1.40 $1.14 $0.77 $1.43 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 7,421 52,684 32,472 14,103 5,176 ---------------------------------------------------------------------------------------------------------------- WANGER USA (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.67 $1.12 $1.08 $1.00 Accumulation unit value at end of period $1.15 $0.94 $0.67 $1.12 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 6,752 42,795 34,099 19,102 2,525 ---------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.79 $1.20 $1.12 $1.00 Accumulation unit value at end of period $1.22 $1.06 $0.79 $1.20 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 2,124 1,476 508 272 85 ---------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.77 $1.33 $1.17 $1.00 Accumulation unit value at end of period $1.01 $0.88 $0.77 $1.33 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 2,182 91,809 1,394 1,157 403 ---------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.02 $0.70 $1.17 $1.11 $1.00 Accumulation unit value at end of period $1.24 $1.02 $0.70 $1.17 $1.11 Number of accumulation units outstanding at end of period (000 omitted) 711 701 883 413 120 ---------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.13 $0.75 $1.29 $1.14 $1.00 Accumulation unit value at end of period $1.41 $1.13 $0.75 $1.29 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 2,174 1,953 1,467 1,102 248 ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 145
VARIABLE ACCOUNT CHARGES OF 1.25% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ------------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.71 $1.36 $1.15 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.25 $1.07 $0.71 $1.36 $1.15 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 56 84 38 42 66 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.84 $0.71 $1.21 $1.17 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.94 $0.84 $0.71 $1.21 $1.17 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 181 220 213 268 73 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.79 $0.60 $1.29 $1.24 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.81 $0.79 $0.60 $1.29 $1.24 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,366 2,588 5,358 3,278 875 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.73 $1.23 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.07 $0.99 $0.73 $1.23 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20 9 12 15 12 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.83 $1.11 $1.16 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.25 $1.07 $0.83 $1.11 $1.16 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 359 844 1,325 1,557 76 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.71 $1.24 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $0.95 $0.71 $1.24 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 90 96 60 54 508 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.78 $1.09 $1.16 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.93 $0.78 $1.09 $1.16 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 984 753 477 423 118 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.78 $1.13 $1.13 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.07 $0.96 $0.78 $1.13 $1.13 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 983 874 134 177 42 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (06/26/2006) Accumulation unit value at beginning of period $1.05 $1.06 $1.05 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.04 $1.05 $1.06 $1.05 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,655 7,805 12,817 6,443 2,340 -- -- -- -- -- *The 7-day simple and compound yields for Columbia Variable Portfolio -- Cash Management Fund (Class 3) at Dec. 31, 2010 were (1.45%) and (1.44%), respectively. ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.14 $1.01 $1.09 $1.05 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.22 $1.14 $1.01 $1.09 $1.05 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,814 21,366 18,072 15,662 3,649 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.20 $1.13 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.03 $0.89 $0.71 $1.20 $1.13 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,761 11,781 9,201 5,950 2,080 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.82 $0.67 $1.17 $1.15 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.95 $0.82 $0.67 $1.17 $1.15 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 162 160 123 116 17 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.44 $0.84 $1.83 $1.34 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.70 $1.44 $0.84 $1.83 $1.34 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 847 1,478 2,146 1,134 297 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.21 $1.10 $1.12 $1.05 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.27 $1.21 $1.10 $1.12 $1.05 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,441 7,312 6,376 5,574 1,823 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 146 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.25% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.15 $1.09 $1.10 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.18 $1.15 $1.09 $1.10 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,299 9,808 3,985 3,202 1,572 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.15 $0.81 $1.09 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.27 $1.15 $0.81 $1.09 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 520 504 321 388 166 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.21 $0.80 $1.08 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.37 $1.21 $0.80 $1.08 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 741 732 714 778 163 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.22 $0.87 $1.08 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.36 $1.22 $0.87 $1.08 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 895 7,104 3,302 2,730 1,216 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.77 $1.31 $1.17 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $0.97 $0.77 $1.31 $1.17 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 313 271 145 164 97 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.63 $1.15 $1.13 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.86 $0.63 $1.15 $1.13 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 311 255 110 192 64 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.76 $1.27 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.14 $0.95 $0.76 $1.27 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,359 8,903 5,685 3,534 1,110 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.72 $1.42 $1.20 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.11 $0.98 $0.72 $1.42 $1.20 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 557 523 415 517 474 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.04 $0.64 $1.18 $1.05 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.29 $1.04 $0.64 $1.18 $1.05 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 127 95 46 47 28 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.64 $1.19 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $0.90 $0.64 $1.19 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 460 951 1,356 1,081 810 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.74 $1.18 $1.14 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.91 $0.74 $1.18 $1.14 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 441 294 214 205 12 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.68 $1.14 $1.16 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.85 $0.68 $1.14 $1.16 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 89 53 5 4 3 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.63 $1.04 $1.10 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $0.87 $0.63 $1.04 $1.10 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 82 83 22 46 24 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.07 $1.03 $1.07 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $1.07 $1.03 $1.07 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,648 2,470 1,011 451 45 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.77 $1.18 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.91 $0.77 $1.18 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 663 769 609 510 738 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 147
VARIABLE ACCOUNT CHARGES OF 1.25% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.86 $0.71 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.96 $0.86 $0.71 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 122 90 14 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.97 $0.84 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 851 673 107 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.90 $0.76 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.90 $0.76 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,477 1,149 78 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.88 $0.73 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.88 $0.73 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 259 134 52 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 885 603 141 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------------- DREYFUS VARIABLE INVESTMENT FUND INTERNATIONAL EQUITY PORTFOLIO, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.78 $1.36 $1.18 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.96 $0.78 $1.36 $1.18 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 311 312 230 123 66 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (06/26/2006) Accumulation unit value at beginning of period $1.05 $0.74 $1.03 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.14 $1.05 $0.74 $1.03 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,589 5,344 4,095 3,491 1,613 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.72 $1.27 $1.10 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.11 $0.96 $0.72 $1.27 $1.10 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,081 4,468 6,247 4,856 1,983 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.02 $0.74 $1.24 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.30 $1.02 $0.74 $1.24 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,025 3,636 4,270 2,609 824 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.92 $0.74 $1.34 $1.16 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.03 $0.92 $0.74 $1.34 $1.16 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 390 449 372 336 120 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.63 $0.53 $0.94 $1.20 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.75 $0.63 $0.53 $0.94 $1.20 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 694 600 374 322 108 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.70 $1.05 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.13 $0.89 $0.70 $1.05 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 341 328 274 319 119 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.73 $1.17 $1.15 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.91 $0.73 $1.17 $1.15 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,026 936 862 939 403 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.68 $1.09 $1.13 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.91 $0.81 $0.68 $1.09 $1.13 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 348 278 233 489 186 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 148 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.25% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ------------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.68 $1.20 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.92 $0.81 $0.68 $1.20 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 111 69 38 37 15 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.63 $1.20 $1.10 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.03 $0.88 $0.63 $1.20 $1.10 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 99 108 95 140 33 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES II SHARES* (06/26/2006) Accumulation unit value at beginning of period $0.45 $0.36 $0.90 $1.17 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.49 $0.45 $0.36 $0.90 $1.17 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 237 199 142 77 25 -- -- -- -- -- *Invesco V.I. Financial Services Fund, Series II Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series II Shares on April 29, 2011. ------------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.84 $1.19 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $1.06 $0.84 $1.19 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39 42 21 34 203 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.09 $0.82 $1.39 $1.23 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.21 $1.09 $0.82 $1.39 $1.23 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 368 3,232 2,467 1,191 21 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.69 $1.09 $1.13 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.88 $0.69 $1.09 $1.13 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 826 3,240 3,645 2,734 1,254 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.84 $0.63 $1.06 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.95 $0.84 $0.63 $1.06 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 477 8,361 5,624 3,686 -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.84 $0.59 $1.02 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.84 $0.59 $1.02 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 46 51 16 5 -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.03 $0.75 $1.20 $1.10 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.14 $1.03 $0.75 $1.20 $1.10 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 308 341 166 147 60 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.26 $0.96 $1.56 $1.24 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.41 $1.26 $0.96 $1.56 $1.24 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 519 499 436 440 101 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.64 $1.16 $1.28 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.07 $0.89 $0.64 $1.16 $1.28 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 436 1,306 1,624 799 494 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.69 $1.31 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.39 $1.07 $0.69 $1.31 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 188 206 163 210 295 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.84 $0.63 $1.19 $1.17 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.84 $0.63 $1.19 $1.17 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 109 1,622 1,455 1,246 432 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.72 $1.21 $1.14 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.13 $0.93 $0.72 $1.21 $1.14 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 113 71 70 31 13 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 149
VARIABLE ACCOUNT CHARGES OF 1.25% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ------------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.72 $1.22 $1.16 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.13 $0.99 $0.72 $1.22 $1.16 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 807 631 521 383 108 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.15 $0.99 $1.17 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.31 $1.15 $0.99 $1.17 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,615 13,258 11,659 10,327 3,211 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.66 $1.07 $1.10 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.08 $0.89 $0.66 $1.07 $1.10 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 430 378 262 374 133 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER VALUE FUND/VA, SERVICE SHARES (09/15/2006) Accumulation unit value at beginning of period $0.84 $0.64 $1.12 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.95 $0.84 $0.64 $1.12 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 183 120 74 45 -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.95 $1.14 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.27 $1.14 $0.95 $1.14 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,585 5,695 5,995 4,401 1,767 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 203 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,914 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,762 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 23,879 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.69 $1.14 $1.12 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.90 $0.69 $1.14 $1.12 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 345 7,802 4,317 2,683 1,144 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.72 $1.15 $1.10 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.17 $0.97 $0.72 $1.15 $1.10 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 61 32 32 20 2 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7,564 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 50,299 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,727 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 24,539 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 150 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.25% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,853 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26,919 -- -- -- -- -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.71 $1.05 $1.12 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.18 $0.96 $0.71 $1.05 $1.12 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 442 4,674 3,930 2,808 336 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (06/26/2006) Accumulation unit value at beginning of period $1.13 $0.76 $1.42 $1.24 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.39 $1.13 $0.76 $1.42 $1.24 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 886 2,664 1,819 1,115 495 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- WANGER USA (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.67 $1.12 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.14 $0.94 $0.67 $1.12 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 987 2,463 2,064 1,447 279 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.79 $1.19 $1.12 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.21 $1.06 $0.79 $1.19 $1.12 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 204 168 66 26 3 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.77 $1.33 $1.17 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.87 $0.77 $1.33 $1.17 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 250 4,686 97 111 62 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.01 $0.69 $1.17 $1.11 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.24 $1.01 $0.69 $1.17 $1.11 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 83 61 40 29 7 -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.12 $0.74 $1.28 $1.14 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.40 $1.12 $0.74 $1.28 $1.14 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 351 260 183 186 65 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 --------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.71 $1.36 $1.15 $1.00 Accumulation unit value at end of period $1.25 $1.07 $0.71 $1.36 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 443 419 280 300 564 --------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.84 $0.71 $1.21 $1.17 $1.00 Accumulation unit value at end of period $0.94 $0.84 $0.71 $1.21 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 492 733 800 801 293 --------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.79 $0.60 $1.29 $1.24 $1.00 Accumulation unit value at end of period $0.81 $0.79 $0.60 $1.29 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 5,887 17,833 45,368 24,195 5,843 --------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.73 $1.23 $1.09 $1.00 Accumulation unit value at end of period $1.07 $0.99 $0.73 $1.23 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 344 242 206 102 23 --------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.83 $1.11 $1.16 $1.00 Accumulation unit value at end of period $1.25 $1.06 $0.83 $1.11 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1,384 6,247 11,348 12,685 267 ---------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 151
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 --------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.71 $1.24 $1.04 $1.00 Accumulation unit value at end of period $1.08 $0.95 $0.71 $1.24 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 421 482 466 414 4,125 --------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.78 $1.08 $1.16 $1.00 Accumulation unit value at end of period $1.03 $0.93 $0.78 $1.08 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 2,972 3,160 2,591 2,786 903 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.78 $1.13 $1.13 $1.00 Accumulation unit value at end of period $1.07 $0.96 $0.78 $1.13 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 2,324 2,917 622 930 225 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (06/26/2006) Accumulation unit value at beginning of period $1.05 $1.06 $1.05 $1.02 $1.00 Accumulation unit value at end of period $1.04 $1.05 $1.06 $1.05 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 8,312 14,792 30,883 25,294 9,800 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 3) at Dec. 31, 2010 were (1.49%) and (1.48%), respectively. --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.14 $1.01 $1.09 $1.05 $1.00 Accumulation unit value at end of period $1.22 $1.14 $1.01 $1.09 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 15,943 167,503 147,502 119,779 26,100 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.20 $1.13 $1.00 Accumulation unit value at end of period $1.02 $0.89 $0.71 $1.20 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 9,754 98,890 78,564 42,436 14,023 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.82 $0.67 $1.17 $1.15 $1.00 Accumulation unit value at end of period $0.95 $0.82 $0.67 $1.17 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 256 304 444 536 207 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.44 $0.84 $1.83 $1.34 $1.00 Accumulation unit value at end of period $1.70 $1.44 $0.84 $1.83 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 3,314 10,719 21,216 9,418 2,130 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 119 -- -- -- -- --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.21 $1.10 $1.12 $1.05 $1.00 Accumulation unit value at end of period $1.27 $1.21 $1.10 $1.12 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 6,376 53,805 47,521 39,217 7,409 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.14 $1.09 $1.10 $1.03 $1.00 Accumulation unit value at end of period $1.18 $1.14 $1.09 $1.10 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 7,441 79,690 30,533 23,879 9,303 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.81 $1.09 $1.08 $1.00 Accumulation unit value at end of period $1.26 $1.14 $0.81 $1.09 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 2,199 2,059 1,829 1,757 576 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.21 $0.80 $1.08 $1.08 $1.00 Accumulation unit value at end of period $1.36 $1.21 $0.80 $1.08 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 4,147 4,227 2,938 3,520 1,205 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.22 $0.87 $1.08 $1.07 $1.00 Accumulation unit value at end of period $1.36 $1.22 $0.87 $1.08 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 4,656 62,856 31,638 24,436 8,700 ---------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 152 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.77 $1.31 $1.17 $1.00 Accumulation unit value at end of period $1.09 $0.97 $0.77 $1.31 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 1,317 1,358 1,342 1,247 266 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.63 $1.15 $1.13 $1.00 Accumulation unit value at end of period $0.99 $0.86 $0.63 $1.15 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 442 473 586 868 220 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.76 $1.27 $1.09 $1.00 Accumulation unit value at end of period $1.14 $0.95 $0.76 $1.27 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 5,333 81,378 54,827 31,528 7,437 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.72 $1.42 $1.20 $1.00 Accumulation unit value at end of period $1.10 $0.98 $0.72 $1.42 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 2,130 2,414 2,757 2,052 3,503 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.04 $0.64 $1.18 $1.05 $1.00 Accumulation unit value at end of period $1.29 $1.04 $0.64 $1.18 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 651 529 153 191 44 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.64 $1.19 $1.09 $1.00 Accumulation unit value at end of period $1.08 $0.90 $0.64 $1.19 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 2,723 6,758 12,410 8,621 6,289 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.73 $1.18 $1.14 $1.00 Accumulation unit value at end of period $1.03 $0.91 $0.73 $1.18 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 1,006 911 1,062 1,259 361 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.68 $1.14 $1.16 $1.00 Accumulation unit value at end of period $1.01 $0.85 $0.68 $1.14 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 384 274 159 73 20 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.63 $1.04 $1.10 $1.00 Accumulation unit value at end of period $1.08 $0.87 $0.63 $1.04 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 366 285 123 147 51 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.07 $1.03 $1.07 $1.03 $1.00 Accumulation unit value at end of period $1.09 $1.07 $1.03 $1.07 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 6,485 6,519 5,026 2,324 623 --------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.77 $1.18 $1.01 $1.00 Accumulation unit value at end of period $1.04 $0.91 $0.77 $1.18 $1.01 Number of accumulation units outstanding at end of period (000 omitted) 2,791 2,321 1,653 1,007 3,433 --------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.86 $0.71 $1.00 -- -- Accumulation unit value at end of period $0.96 $0.86 $0.71 -- -- Number of accumulation units outstanding at end of period (000 omitted) 424 325 197 -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. --------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- Accumulation unit value at end of period $1.04 $0.97 $0.84 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,959 1,346 275 -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. --------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.90 $0.76 $1.00 -- -- Accumulation unit value at end of period $0.98 $0.90 $0.76 -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,958 868 782 -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 153
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 --------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.88 $0.73 $1.00 -- -- Accumulation unit value at end of period $0.97 $0.88 $0.73 -- -- Number of accumulation units outstanding at end of period (000 omitted) 429 394 705 -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. --------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,567 1,041 264 -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. --------------------------------------------------------------------------------------------------------------- DREYFUS VARIABLE INVESTMENT FUND INTERNATIONAL EQUITY PORTFOLIO, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.77 $1.36 $1.18 $1.00 Accumulation unit value at end of period $1.03 $0.95 $0.77 $1.36 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 646 764 826 586 205 --------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (06/26/2006) Accumulation unit value at beginning of period $1.05 $0.74 $1.03 $1.02 $1.00 Accumulation unit value at end of period $1.13 $1.05 $0.74 $1.03 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 8,780 44,355 33,621 26,240 10,136 --------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.72 $1.27 $1.10 $1.00 Accumulation unit value at end of period $1.11 $0.96 $0.72 $1.27 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 11,951 26,262 55,331 38,145 14,254 --------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.02 $0.74 $1.24 $1.09 $1.00 Accumulation unit value at end of period $1.29 $1.02 $0.74 $1.24 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 6,949 23,688 36,142 18,414 5,441 --------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.92 $0.74 $1.34 $1.16 $1.00 Accumulation unit value at end of period $1.03 $0.92 $0.74 $1.34 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1,365 1,556 1,670 1,294 483 --------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.63 $0.54 $0.95 $1.21 $1.00 Accumulation unit value at end of period $0.76 $0.63 $0.54 $0.95 $1.21 Number of accumulation units outstanding at end of period (000 omitted) 2,730 2,586 2,319 2,457 1,107 --------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.69 $1.05 $1.09 $1.00 Accumulation unit value at end of period $1.12 $0.89 $0.69 $1.05 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 1,829 1,834 2,047 2,059 1,064 --------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.72 $1.16 $1.14 $1.00 Accumulation unit value at end of period $0.99 $0.90 $0.72 $1.16 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 4,866 5,084 5,780 6,302 2,030 --------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.68 $1.09 $1.13 $1.00 Accumulation unit value at end of period $0.91 $0.81 $0.68 $1.09 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 575 698 825 1,284 665 --------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.68 $1.20 $1.08 $1.00 Accumulation unit value at end of period $0.92 $0.81 $0.68 $1.20 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 333 334 387 388 257 --------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.63 $1.20 $1.10 $1.00 Accumulation unit value at end of period $1.03 $0.88 $0.63 $1.20 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 594 668 674 879 252 --------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES II SHARES* (06/26/2006) Accumulation unit value at beginning of period $0.45 $0.36 $0.89 $1.17 $1.00 Accumulation unit value at end of period $0.49 $0.45 $0.36 $0.89 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 803 727 507 155 60 *Invesco V.I. Financial Services Fund, Series II Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series II Shares on April 29, 2011. ---------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 154 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 --------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.05 $0.84 $1.19 $1.08 $1.00 Accumulation unit value at end of period $1.09 $1.05 $0.84 $1.19 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 571 583 577 362 1,832 --------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.09 $0.82 $1.39 $1.23 $1.00 Accumulation unit value at end of period $1.21 $1.09 $0.82 $1.39 $1.23 Number of accumulation units outstanding at end of period (000 omitted) 2,081 29,799 26,041 11,042 102 --------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.69 $1.09 $1.13 $1.00 Accumulation unit value at end of period $1.00 $0.88 $0.69 $1.09 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 2,823 26,277 34,546 21,804 9,512 --------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.84 $0.63 $1.06 $1.00 -- Accumulation unit value at end of period $0.95 $0.84 $0.63 $1.06 -- Number of accumulation units outstanding at end of period (000 omitted) 2,336 80,099 57,559 35,017 -- --------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.84 $0.59 $1.01 $1.00 -- Accumulation unit value at end of period $1.03 $0.84 $0.59 $1.01 -- Number of accumulation units outstanding at end of period (000 omitted) 376 292 292 125 -- --------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.03 $0.75 $1.20 $1.10 $1.00 Accumulation unit value at end of period $1.14 $1.03 $0.75 $1.20 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 777 698 479 325 80 --------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.26 $0.96 $1.56 $1.24 $1.00 Accumulation unit value at end of period $1.41 $1.26 $0.96 $1.56 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 3,729 4,001 3,917 3,235 1,005 --------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.64 $1.16 $1.28 $1.00 Accumulation unit value at end of period $1.07 $0.89 $0.64 $1.16 $1.28 Number of accumulation units outstanding at end of period (000 omitted) 2,262 11,746 15,705 6,278 3,387 --------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.69 $1.31 $1.08 $1.00 Accumulation unit value at end of period $1.39 $1.06 $0.69 $1.31 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 1,265 1,329 1,340 1,013 2,328 --------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.84 $0.63 $1.19 $1.17 $1.00 Accumulation unit value at end of period $1.01 $0.84 $0.63 $1.19 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 552 15,761 15,089 11,632 3,205 --------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.72 $1.20 $1.14 $1.00 Accumulation unit value at end of period $1.13 $0.93 $0.72 $1.20 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 209 165 155 142 29 --------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.72 $1.22 $1.16 $1.00 Accumulation unit value at end of period $1.13 $0.99 $0.72 $1.22 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1,898 1,750 1,612 1,649 663 --------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.15 $0.98 $1.17 $1.08 $1.00 Accumulation unit value at end of period $1.30 $1.15 $0.98 $1.17 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 24,561 104,395 90,372 69,486 12,934 --------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.65 $1.07 $1.10 $1.00 Accumulation unit value at end of period $1.07 $0.88 $0.65 $1.07 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 1,853 1,891 1,925 2,045 715 --------------------------------------------------------------------------------------------------------------- OPPENHEIMER VALUE FUND/VA, SERVICE SHARES (09/15/2006) Accumulation unit value at beginning of period $0.84 $0.64 $1.11 $1.07 $1.00 Accumulation unit value at end of period $0.95 $0.84 $0.64 $1.11 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 543 623 441 420 98 ---------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 155
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 --------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.13 $0.95 $1.14 $1.07 $1.00 Accumulation unit value at end of period $1.26 $1.13 $0.95 $1.14 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 6,043 48,834 54,964 38,718 12,825 --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,155 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 44,198 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,822 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 111,907 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.69 $1.14 $1.11 $1.00 Accumulation unit value at end of period $0.99 $0.90 $0.69 $1.14 $1.11 Number of accumulation units outstanding at end of period (000 omitted) 1,523 76,995 42,822 24,777 8,957 --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.72 $1.15 $1.10 $1.00 Accumulation unit value at end of period $1.17 $0.97 $0.72 $1.15 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 165 158 145 181 32 --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39,307 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 551,507 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20,188 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 191,048 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16,388 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 234,736 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.71 $1.05 $1.12 $1.00 Accumulation unit value at end of period $1.18 $0.96 $0.71 $1.05 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 1,348 44,669 40,609 26,141 2,786 --------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (06/26/2006) Accumulation unit value at beginning of period $1.13 $0.76 $1.42 $1.24 $1.00 Accumulation unit value at end of period $1.39 $1.13 $0.76 $1.42 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 4,286 22,622 16,160 9,249 3,490 ---------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 156 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 --------------------------------------------------------------------------------------------------------------- WANGER USA (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.67 $1.12 $1.08 $1.00 Accumulation unit value at end of period $1.14 $0.94 $0.67 $1.12 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 3,589 18,458 16,958 11,392 1,995 --------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.79 $1.19 $1.12 $1.00 Accumulation unit value at end of period $1.21 $1.06 $0.79 $1.19 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 1,335 1,233 634 277 35 --------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.76 $1.33 $1.17 $1.00 Accumulation unit value at end of period $1.00 $0.87 $0.76 $1.33 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 1,555 42,775 1,018 830 382 --------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.01 $0.69 $1.17 $1.11 $1.00 Accumulation unit value at end of period $1.23 $1.01 $0.69 $1.17 $1.11 Number of accumulation units outstanding at end of period (000 omitted) 354 325 296 211 37 --------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.12 $0.74 $1.28 $1.14 $1.00 Accumulation unit value at end of period $1.40 $1.12 $0.74 $1.28 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 1,248 1,279 1,063 968 178 ---------------------------------------------------------------------------------------------------------------
VARIABLE ACCOUNT CHARGES OF 1.45% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.70 $1.36 $1.15 $1.00 Accumulation unit value at end of period $1.24 $1.06 $0.70 $1.36 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 117 215 114 83 43 ------------------------------------------------------------------------------------------------------------ ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.84 $0.71 $1.21 $1.17 $1.00 Accumulation unit value at end of period $0.93 $0.84 $0.71 $1.21 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 138 212 193 302 65 ------------------------------------------------------------------------------------------------------------ ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.79 $0.59 $1.29 $1.24 $1.00 Accumulation unit value at end of period $0.81 $0.79 $0.59 $1.29 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 1,489 2,691 7,868 5,603 1,561 ------------------------------------------------------------------------------------------------------------ ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.73 $1.22 $1.09 $1.00 Accumulation unit value at end of period $1.06 $0.98 $0.73 $1.22 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 21 25 50 38 4 ------------------------------------------------------------------------------------------------------------ AMERICAN CENTURY VP MID CAP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.83 $1.11 $1.16 $1.00 Accumulation unit value at end of period $1.24 $1.06 $0.83 $1.11 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 358 730 2,024 2,413 40 ------------------------------------------------------------------------------------------------------------ AMERICAN CENTURY VP ULTRA(R), CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.71 $1.24 $1.04 $1.00 Accumulation unit value at end of period $1.08 $0.94 $0.71 $1.24 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 181 47 127 152 530 ------------------------------------------------------------------------------------------------------------ AMERICAN CENTURY VP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.92 $0.78 $1.08 $1.16 $1.00 Accumulation unit value at end of period $1.03 $0.92 $0.78 $1.08 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1,001 881 939 802 213 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.78 $1.13 $1.13 $1.00 Accumulation unit value at end of period $1.06 $0.95 $0.78 $1.13 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 809 907 375 619 350 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3)* (06/26/2006) Accumulation unit value at beginning of period $1.04 $1.06 $1.05 $1.02 $1.00 Accumulation unit value at end of period $1.03 $1.04 $1.06 $1.05 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 5,325 11,291 21,135 15,777 7,385 *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 3) at Dec. 31, 2010 were (1.69%) and (1.68%), respectively. ------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 157
VARIABLE ACCOUNT CHARGES OF 1.45% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.13 $1.00 $1.09 $1.05 $1.00 Accumulation unit value at end of period $1.21 $1.13 $1.00 $1.09 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 7,525 31,929 31,170 28,774 5,708 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.70 $1.20 $1.12 $1.00 Accumulation unit value at end of period $1.02 $0.88 $0.70 $1.20 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 2,845 12,785 12,673 9,098 3,489 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.67 $1.17 $1.15 $1.00 Accumulation unit value at end of period $0.94 $0.81 $0.67 $1.17 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 68 89 86 136 38 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.43 $0.83 $1.82 $1.34 $1.00 Accumulation unit value at end of period $1.69 $1.43 $0.83 $1.82 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 760 1,330 2,601 1,669 340 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.20 $1.09 $1.11 $1.05 $1.00 Accumulation unit value at end of period $1.26 $1.20 $1.09 $1.11 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 2,598 9,993 9,621 9,331 1,982 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.14 $1.08 $1.10 $1.03 $1.00 Accumulation unit value at end of period $1.17 $1.14 $1.08 $1.10 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 2,975 13,553 7,067 5,715 2,119 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.80 $1.08 $1.08 $1.00 Accumulation unit value at end of period $1.26 $1.14 $0.80 $1.08 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 1,127 1,227 1,097 885 286 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.21 $0.80 $1.08 $1.07 $1.00 Accumulation unit value at end of period $1.35 $1.21 $0.80 $1.08 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 1,702 1,816 1,461 1,856 514 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.21 $0.86 $1.08 $1.07 $1.00 Accumulation unit value at end of period $1.35 $1.21 $0.86 $1.08 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 1,525 8,735 4,855 4,738 1,866 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.77 $1.30 $1.17 $1.00 Accumulation unit value at end of period $1.08 $0.96 $0.77 $1.30 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 219 250 182 260 100 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.63 $1.15 $1.13 $1.00 Accumulation unit value at end of period $0.98 $0.85 $0.63 $1.15 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 196 245 206 237 69 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.75 $1.26 $1.09 $1.00 Accumulation unit value at end of period $1.13 $0.94 $0.75 $1.26 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 1,476 9,757 8,302 5,811 1,493 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.72 $1.42 $1.20 $1.00 Accumulation unit value at end of period $1.10 $0.98 $0.72 $1.42 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 496 668 887 819 748 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.03 $0.64 $1.18 $1.05 $1.00 Accumulation unit value at end of period $1.28 $1.03 $0.64 $1.18 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 156 178 81 89 16 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.64 $1.19 $1.09 $1.00 Accumulation unit value at end of period $1.08 $0.89 $0.64 $1.19 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 538 929 1,749 1,681 1,085 ------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 158 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.45% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.73 $1.18 $1.14 $1.00 Accumulation unit value at end of period $1.03 $0.91 $0.73 $1.18 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 470 728 476 499 10 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.84 $0.68 $1.14 $1.16 $1.00 Accumulation unit value at end of period $1.00 $0.84 $0.68 $1.14 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 53 17 23 41 15 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.63 $1.03 $1.09 $1.00 Accumulation unit value at end of period $1.08 $0.86 $0.63 $1.03 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 70 90 22 19 5 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.07 $1.02 $1.07 $1.03 $1.00 Accumulation unit value at end of period $1.08 $1.07 $1.02 $1.07 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 4,382 4,922 2,703 1,689 130 ------------------------------------------------------------------------------------------------------------ CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.77 $1.17 $1.01 $1.00 Accumulation unit value at end of period $1.04 $0.90 $0.77 $1.17 $1.01 Number of accumulation units outstanding at end of period (000 omitted) 1,182 1,097 883 655 700 ------------------------------------------------------------------------------------------------------------ DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.86 $0.71 $1.00 -- -- Accumulation unit value at end of period $0.96 $0.86 $0.71 -- -- Number of accumulation units outstanding at end of period (000 omitted) 31 13 11 -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------ DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.96 $0.84 $1.00 -- -- Accumulation unit value at end of period $1.03 $0.96 $0.84 -- -- Number of accumulation units outstanding at end of period (000 omitted) 707 375 253 -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------ DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.90 $0.76 $1.00 -- -- Accumulation unit value at end of period $0.98 $0.90 $0.76 -- -- Number of accumulation units outstanding at end of period (000 omitted) 755 581 656 -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------ DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.88 $0.73 $1.00 -- -- Accumulation unit value at end of period $0.97 $0.88 $0.73 -- -- Number of accumulation units outstanding at end of period (000 omitted) 128 169 44 -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------ DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- Accumulation unit value at end of period $1.00 $0.93 $0.79 -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,068 637 421 -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------ DREYFUS VARIABLE INVESTMENT FUND INTERNATIONAL EQUITY PORTFOLIO, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.77 $1.36 $1.18 $1.00 Accumulation unit value at end of period $1.03 $0.95 $0.77 $1.36 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 444 454 317 164 35 ------------------------------------------------------------------------------------------------------------ EATON VANCE VT FLOATING-RATE INCOME FUND (06/26/2006) Accumulation unit value at beginning of period $1.05 $0.74 $1.03 $1.02 $1.00 Accumulation unit value at end of period $1.13 $1.05 $0.74 $1.03 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 4,453 8,753 8,356 9,232 4,655 ------------------------------------------------------------------------------------------------------------ FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.71 $1.27 $1.09 $1.00 Accumulation unit value at end of period $1.10 $0.95 $0.71 $1.27 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 3,123 4,857 9,818 8,451 3,216 ------------------------------------------------------------------------------------------------------------ FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.01 $0.74 $1.24 $1.09 $1.00 Accumulation unit value at end of period $1.29 $1.01 $0.74 $1.24 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 1,724 3,813 6,011 4,186 1,152 ------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 159
VARIABLE ACCOUNT CHARGES OF 1.45% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.92 $0.74 $1.34 $1.16 $1.00 Accumulation unit value at end of period $1.02 $0.92 $0.74 $1.34 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 655 683 624 609 234 ------------------------------------------------------------------------------------------------------------ FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.62 $0.53 $0.94 $1.20 $1.00 Accumulation unit value at end of period $0.74 $0.62 $0.53 $0.94 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 588 593 433 489 414 ------------------------------------------------------------------------------------------------------------ FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.69 $1.05 $1.09 $1.00 Accumulation unit value at end of period $1.12 $0.88 $0.69 $1.05 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 700 717 685 602 232 ------------------------------------------------------------------------------------------------------------ FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.72 $1.17 $1.15 $1.00 Accumulation unit value at end of period $0.99 $0.90 $0.72 $1.17 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 1,148 1,338 1,691 1,979 485 ------------------------------------------------------------------------------------------------------------ GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.68 $1.09 $1.13 $1.00 Accumulation unit value at end of period $0.90 $0.81 $0.68 $1.09 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 356 224 335 494 196 ------------------------------------------------------------------------------------------------------------ INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.80 $0.68 $1.19 $1.08 $1.00 Accumulation unit value at end of period $0.91 $0.80 $0.68 $1.19 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 117 143 188 124 96 ------------------------------------------------------------------------------------------------------------ INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.62 $1.20 $1.10 $1.00 Accumulation unit value at end of period $1.02 $0.87 $0.62 $1.20 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 80 79 95 149 13 ------------------------------------------------------------------------------------------------------------ INVESCO V.I. FINANCIAL SERVICES FUND, SERIES II SHARES* (06/26/2006) Accumulation unit value at beginning of period $0.45 $0.36 $0.89 $1.17 $1.00 Accumulation unit value at end of period $0.48 $0.45 $0.36 $0.89 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 405 542 603 286 114 *Invesco V.I. Financial Services Fund, Series II Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series II Shares on April 29, 2011. ------------------------------------------------------------------------------------------------------------ INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.05 $0.83 $1.19 $1.08 $1.00 Accumulation unit value at end of period $1.08 $1.05 $0.83 $1.19 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 120 166 138 69 222 ------------------------------------------------------------------------------------------------------------ INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.08 $0.81 $1.39 $1.23 $1.00 Accumulation unit value at end of period $1.20 $1.08 $0.81 $1.39 $1.23 Number of accumulation units outstanding at end of period (000 omitted) 390 3,323 3,345 1,942 14 ------------------------------------------------------------------------------------------------------------ INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.69 $1.09 $1.13 $1.00 Accumulation unit value at end of period $0.99 $0.87 $0.69 $1.09 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 909 3,610 5,243 4,556 1,999 ------------------------------------------------------------------------------------------------------------ JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.84 $0.63 $1.06 $1.00 -- Accumulation unit value at end of period $0.94 $0.84 $0.63 $1.06 -- Number of accumulation units outstanding at end of period (000 omitted) 593 9,009 7,617 5,761 -- ------------------------------------------------------------------------------------------------------------ LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.83 $0.59 $1.01 $1.00 -- Accumulation unit value at end of period $1.03 $0.83 $0.59 $1.01 -- Number of accumulation units outstanding at end of period (000 omitted) 205 205 103 33 -- ------------------------------------------------------------------------------------------------------------ MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.02 $0.74 $1.20 $1.10 $1.00 Accumulation unit value at end of period $1.13 $1.02 $0.74 $1.20 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 230 223 224 122 57 ------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 160 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.45% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ MFS(R) UTILITIES SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.25 $0.95 $1.56 $1.24 $1.00 Accumulation unit value at end of period $1.40 $1.25 $0.95 $1.56 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 901 892 1,003 1,091 467 ------------------------------------------------------------------------------------------------------------ MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.63 $1.16 $1.28 $1.00 Accumulation unit value at end of period $1.07 $0.88 $0.63 $1.16 $1.28 Number of accumulation units outstanding at end of period (000 omitted) 429 1,188 2,112 1,085 624 ------------------------------------------------------------------------------------------------------------ MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.68 $1.30 $1.08 $1.00 Accumulation unit value at end of period $1.38 $1.06 $0.68 $1.30 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 159 215 268 387 397 ------------------------------------------------------------------------------------------------------------ NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.83 $0.63 $1.19 $1.17 $1.00 Accumulation unit value at end of period $1.00 $0.83 $0.63 $1.19 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 100 1,600 1,895 2,072 680 ------------------------------------------------------------------------------------------------------------ NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.72 $1.20 $1.14 $1.00 Accumulation unit value at end of period $1.12 $0.93 $0.72 $1.20 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 32 59 84 42 5 ------------------------------------------------------------------------------------------------------------ OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.72 $1.22 $1.16 $1.00 Accumulation unit value at end of period $1.12 $0.98 $0.72 $1.22 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 662 679 693 779 266 ------------------------------------------------------------------------------------------------------------ OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.98 $1.16 $1.08 $1.00 Accumulation unit value at end of period $1.29 $1.14 $0.98 $1.16 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 8,228 20,034 21,803 18,995 3,974 ------------------------------------------------------------------------------------------------------------ OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.65 $1.07 $1.10 $1.00 Accumulation unit value at end of period $1.07 $0.88 $0.65 $1.07 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 320 266 350 487 231 ------------------------------------------------------------------------------------------------------------ OPPENHEIMER VALUE FUND/VA, SERVICE SHARES (09/15/2006) Accumulation unit value at beginning of period $0.84 $0.64 $1.11 $1.07 $1.00 Accumulation unit value at end of period $0.95 $0.84 $0.64 $1.11 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 379 403 323 375 6 ------------------------------------------------------------------------------------------------------------ PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.13 $0.94 $1.14 $1.07 $1.00 Accumulation unit value at end of period $1.26 $1.13 $0.94 $1.14 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 2,685 7,054 9,430 7,577 2,481 ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 476 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,928 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,775 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 40,233 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.69 $1.14 $1.11 $1.00 Accumulation unit value at end of period $0.98 $0.89 $0.69 $1.14 $1.11 Number of accumulation units outstanding at end of period (000 omitted) 367 7,956 5,981 4,256 1,499 ------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 161
VARIABLE ACCOUNT CHARGES OF 1.45% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.72 $1.15 $1.10 $1.00 Accumulation unit value at end of period $1.16 $0.97 $0.72 $1.15 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 206 151 119 35 6 ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 23,094 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 41,323 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7,132 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,286 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,769 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 42,735 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.71 $1.05 $1.12 $1.00 Accumulation unit value at end of period $1.17 $0.95 $0.71 $1.05 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 368 4,518 5,050 4,362 417 ------------------------------------------------------------------------------------------------------------ WANGER INTERNATIONAL (06/26/2006) Accumulation unit value at beginning of period $1.12 $0.76 $1.42 $1.24 $1.00 Accumulation unit value at end of period $1.38 $1.12 $0.76 $1.42 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 910 2,622 2,386 1,978 779 ------------------------------------------------------------------------------------------------------------ WANGER USA (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.67 $1.12 $1.08 $1.00 Accumulation unit value at end of period $1.13 $0.93 $0.67 $1.12 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 744 2,189 2,340 2,054 422 ------------------------------------------------------------------------------------------------------------ WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.05 $0.79 $1.19 $1.12 $1.00 Accumulation unit value at end of period $1.20 $1.05 $0.79 $1.19 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 369 410 208 34 32 ------------------------------------------------------------------------------------------------------------ WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.76 $1.32 $1.17 $1.00 Accumulation unit value at end of period $1.00 $0.87 $0.76 $1.32 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 341 5,717 194 198 79 ------------------------------------------------------------------------------------------------------------ WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.00 $0.69 $1.17 $1.11 $1.00 Accumulation unit value at end of period $1.23 $1.00 $0.69 $1.17 $1.11 Number of accumulation units outstanding at end of period (000 omitted) 70 55 67 86 9 ------------------------------------------------------------------------------------------------------------ WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.11 $0.74 $1.28 $1.14 $1.00 Accumulation unit value at end of period $1.39 $1.11 $0.74 $1.28 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 388 377 334 363 74 ------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 162 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION Calculating Annuity Payouts................ p. 3 Rating Agencies............................ p. 4 Revenues Received During Calendar Year p. 2010..................................... 4 Principal Underwriter...................... p. 5 Independent Registered Public Accounting p. Firm..................................... 6 Financial Statements
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS 163 THIS PAGE LEFT BLANK INTENTIONALLY -------------------------------------------------------------------------------- 164 RIVERSOURCE RAVA 4 ADVANTAGE / RAVA 4 SELECT / RAVA 4 ACCESS VARIABLE ANNUITY -- PROSPECTUS (RIVERSOURCE ANNUITIES LOGO) RiverSource Life Insurance Company 70100 Ameriprise Financial Center Minneapolis, MN 55474 1 (800) 862-7919 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. (C)2008-2011 RiverSource Life Insurance Company. All rights reserved. S-6503 J (4/11) PROSPECTUS APRIL 29, 2011 RIVERSOURCE RAVA 5 ADVANTAGE VARIABLE ANNUITY RAVA 5 SELECT VARIABLE ANNUITY RAVA 5 ACCESS VARIABLE ANNUITY INDIVIDUAL FLEXIBLE PREMIUM DEFERRED COMBINATION FIXED/VARIABLE ANNUITIES ISSUED BY: RIVERSOURCE LIFE INSURANCE COMPANY (RIVERSOURCE LIFE) 70100 Ameriprise Financial Center Minneapolis, MN 55474 Telephone: (800) 862-7919 ameriprise.com/variableannuities RIVERSOURCE VARIABLE ACCOUNT 10/RIVERSOURCE ACCOUNT MGA This prospectus contains information that you should know before investing in the RAVA 5 Advantage, RAVA 5 Select, or RAVA 5 Access. The information in this prospectus applies to all contracts unless stated otherwise. Prospectuses are also available for: - AllianceBernstein Variable Products Series Fund, Inc. - American Century Variable Portfolios, Inc - Columbia Funds Variable Insurance Trust - Columbia Funds Variable Series Trust II (previously RiverSource Variable Series Trust (RVST)) - Fidelity(R) Variable Insurance Products -- Service Class 2 - Franklin(R) Templeton(R) Variable Insurance Products Trust (FTVIPT) -- Class 2 - MFS(R) Variable Insurance Trust(SM) - Neuberger Berman Advisers Management Trust - Oppenheimer Variable Account Funds -- Service Shares - PIMCO Variable Investment Trust (VIT) - Wells Fargo Variable Trust Please read the prospectuses carefully and keep them for future reference. THE SECURITIES AND EXCHANGE COMMISSION (SEC) HAS NOT APPROVED OR DISAPPROVED THESE SECURITIES OR PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. AN INVESTMENT IN THIS CONTRACT IS NOT A DEPOSIT OF A BANK OR FINANCIAL INSTITUTION AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY OTHER GOVERNMENT AGENCY. AN INVESTMENT IN THIS CONTRACT INVOLVES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. A Statement of Additional Information (SAI), dated the same date as this prospectus, is incorporated by reference into this prospectus. It is filed with the SEC and is available without charge by contacting RiverSource Life at the telephone number and address listed above. The table of contents of the SAI is on the last page of this prospectus. The SEC maintains an Internet site. This prospectus, the SAI and other information about the product are available on the EDGAR Database on the SEC's Internet site at (http://www.sec.gov). Variable annuities are insurance products that are complex investment vehicles. Before you invest, be sure to ask your financial advisor about the contract features, benefits, risks and fees, and whether the contract is appropriate for you, based upon your financial situation and objectives. The contracts and/or certain optional benefits described in this prospectus may not be available in all jurisdictions. This prospectus constitutes an offering or solicitation only in those jurisdictions where such offering or solicitation may lawfully be made. State variations are covered in a special contract form used in that state. RiverSource Life has not authorized any person to give any information or to make any representations regarding the contracts other than those contained in this prospectus or the fund prospectuses. RiverSource Life offers several different annuities which your financial advisor may or may not be authorized to offer to 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, surrender charge schedules and access to your -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 1 annuity account values. The fees and charges you will pay when buying, owning and surrendering money from the contracts we describe in this prospectus may be more or less than the fees and charges of other variable annuities we and our affiliates issue. You should ask your financial advisor about his or her ability to offer you other variable annuities we issue (which might have lower fees and charges than the contracts described in this prospectus). TABLE OF CONTENTS KEY TERMS................................ 3 THE CONTRACTS IN BRIEF................... 5 EXPENSE SUMMARY.......................... 8 CONDENSED FINANCIAL INFORMATION.......... 15 FINANCIAL STATEMENTS..................... 15 THE VARIABLE ACCOUNT AND THE FUNDS....... 15 GUARANTEE PERIOD ACCOUNTS (GPAS)......... 17 THE FIXED ACCOUNT........................ 18 BUYING YOUR CONTRACT..................... 20 CHARGES.................................. 24 VALUING YOUR INVESTMENT.................. 29 MAKING THE MOST OF YOUR CONTRACT......... 31 SURRENDERS............................... 37 CHANGING THE ANNUITANT................... 38 CHANGING OWNERSHIP....................... 39 BENEFITS IN CASE OF DEATH -- STANDARD DEATH BENEFIT.......................... 41 OPTIONAL BENEFITS........................ 42 THE ANNUITY PAYOUT PERIOD................ 59 TAXES.................................... 61 VOTING RIGHTS............................ 64 SUBSTITUTION OF INVESTMENTS.............. 65 ABOUT THE SERVICE PROVIDERS.............. 65 ADDITIONAL INFORMATION................... 67 APPENDIX A: THE FUNDS.................... 68 APPENDIX B: EXAMPLE -- MARKET VALUE ADJUSTMENT (MVA)....................... 76 APPENDIX C: EXAMPLE -- SURRENDER CHARGES................................ 78 APPENDIX D: EXAMPLE -- OPTIONAL DEATH BENEFITS............................... 84 APPENDIX E: EXAMPLE -- OPTIONAL LIVING BENEFITS............................... 90 APPENDIX F: EXAMPLE -- ADDITIONAL RMD DISCLOSURE............................. 92 APPENDIX G: CONDENSED FINANCIAL INFORMATION (UNAUDITED)................ 93 TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION................. 122
-------------------------------------------------------------------------------- 2 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS KEY TERMS These terms can help you understand details about your contract. ACCUMULATION UNIT: A measure of the value of each subaccount prior to the application of amounts to an annuity payment plan. ANNUITANT: The person or persons on whose life or life expectancy the annuity payouts are based. ANNUITIZATION START DATE: The date when annuity payments begin according to the applicable annuity payment plan. ANNUITY PAYOUTS: An amount paid at regular intervals under one of several plans. ASSUMED INVESTMENT RETURN: The rate of return we assume your investments will earn when we calculate your initial annuity payout amount using the annuity table in your contract. The standard assumed investment return we use is 5% but you may request we substitute an assumed investment return of 3.5%. BENEFICIARY: The person you designate to receive benefits in case of your death while the contract is in force. CLOSE OF BUSINESS: The time the New York Stock Exchange (NYSE) closes (4 p.m. Eastern time unless the NYSE closes earlier). CODE: The Internal Revenue Code of 1986, as amended. CONTINGENT ANNUITANT: The person who becomes the annuitant when the current annuitant dies prior to the annuitization start date. In the case of joint ownership, one owner must also be the contingent annuitant. CONTRACT: A deferred annuity contract that permits you to accumulate money for retirement by making one or more purchase payments. It provides for lifetime or other forms of payouts beginning at a specified time in the future. CONTRACT VALUE: The total value of your contract at any point in time. CONTRACT YEAR: A period of 12 months, starting on the effective date of your contract and on each anniversary of the effective date. FIXED ACCOUNT: Our general account which includes the regular fixed account and the Special DCA fixed account. Amounts you allocate to this account earn interest at rates that we declare periodically. FUNDS: Investment options under your contract. Unless an asset allocation program is in effect, you may allocate your purchase payments into subaccounts investing in shares of any or all of these funds. GOOD ORDER: We cannot process your transaction request relating to the contract until we have received the request in good order at our corporate office. "Good order" means the actual receipt of the requested transaction in writing, along with all information and supporting legal documentation necessary to effect the transaction. This information and documentation generally includes your completed request; the contract number; the transaction amount (in dollars); the names of and allocations to and/or from the subaccounts and the fixed account affected by the requested transaction; the signatures of all contract owners, exactly as registered on the contract, if necessary; Social Security Number or Taxpayer Identification Number; and any other information or supporting documentation that we may require. With respect to purchase requests, "good order" also generally includes receipt of sufficient payment by us to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in good order, and we reserve the right to change or waive any good order requirements at any time. GUARANTEE PERIOD: The number of successive 12-month periods that a guaranteed interest rate is credited. GUARANTEE PERIOD ACCOUNTS (GPAS): A nonunitized separate account to which you may allocate purchase payments or transfer contract value of at least $1,000. These accounts have guaranteed interest rates for guarantee periods we declare when you allocate purchase payments or transfer contract value to a GPA. These guaranteed rates and periods of time may vary by state. Unless an exception applies, transfers or surrenders from a GPA done more than 30 days before the end of the guarantee period will receive a market value adjustment, which may result in a gain or loss of principal. MARKET VALUE ADJUSTMENT (MVA): A positive or negative adjustment assessed if any portion of a Guarantee Period Account is surrendered or transferred more than 30 days before the end of its guarantee period. OWNER (YOU, YOUR): The person or persons identified in the contract as owner(s) of the contract, who has or have the right to control the contract (to decide on investment allocations, transfers, payout options, etc.). Usually, but not always, the owner is also the annuitant. The owner is responsible for taxes, regardless of whether he or she receives the contract's benefits. The owner or any joint owner may be a nonnatural person (e.g. irrevocable trust or corporation) or a revocable trust. In this case, the annuitant will be deemed to be the owner for contract provisions that are based on the age or life of the owner. When the contract is owned by a revocable trust, the annuitant selected should be the grantor of the trust to qualify for income tax -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 3 deferral. Any contract provisions that are based on the age of the owner will be based on the age of the oldest owner. Any ownership change, including continuation of the contract by your spouse under the spousal continuation provision of the contract, redefines "owner", "you" and "your". QUALIFIED ANNUITY: A contract that you purchase to fund one of the following tax-deferred retirement plans that is subject to applicable federal law and any rules of the plan itself: - Individual Retirement Annuities (IRAs) including inherited IRAs under Section 408(b) of the Code - Roth IRAs including inherited Roth IRAs under Section 408A of the Code - Simplified Employee Pension IRA (SEP) plans under Section 408(k) of the Code A qualified annuity will not provide any necessary or additional tax deferral if it is used to fund a retirement plan that is already tax-deferred. All other contracts are considered NONQUALIFIED ANNUITIES. RIDER: You receive a rider to your contract when you purchase optional benefits. The rider adds the terms of the optional benefit to your contract. RIDER EFFECTIVE DATE: The date a rider becomes effective as stated in the rider. RIVERSOURCE LIFE: In this prospectus, "we," "us," "our" and "RiverSource Life" refer to RiverSource Life Insurance Company. SURRENDER VALUE: The amount you are entitled to receive if you make a full surrender from your contract. It is the contract value immediately prior to the surrender, minus any applicable charges, plus any positive or negative market value adjustment. VALUATION DATE: Any normal business day, Monday through Friday, on which the NYSE is open, up to the close of business. At the close of business, the next valuation date begins. We calculate the accumulation unit value of each subaccount on each valuation date. If we receive your purchase payment or any transaction request (such as a transfer or surrender request) in good order at our corporate office before the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the valuation date we received your payment or transaction request. On the other hand, if we receive your purchase payment or transaction request in good order at our corporate office at or after the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the next valuation date. If you make a transaction request by telephone (including by fax), you must have completed your transaction by the close of business in order for us to process it using the accumulation unit value we calculate on that valuation date. If you were not able to complete your transaction before the close of business for any reason, including telephone service interruptions or delays due to high call volume, we will process your transaction using the accumulation unit value we calculate on the next valuation date. VARIABLE ACCOUNT: Separate subaccounts to which you may allocate purchase payments; each invests in shares of one fund. The value of your investment in each subaccount changes with the performance of the particular fund. -------------------------------------------------------------------------------- 4 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS THE CONTRACTS IN BRIEF This prospectus describes three contracts. Each contract has different expenses. RAVA 5 Access does not have surrender charges, but it has the highest mortality and expense risk fees of the three contracts. RAVA 5 Select has a four-year surrender charge schedule and has lower mortality and expense risk fees than RAVA 5 Access. RAVA 5 Advantage offers a choice of a seven-year or a ten-year surrender charge schedule, and has the lowest mortality and expense risk fees of the three contracts. Your financial advisor can help you determine which contract is best suited to your needs based on factors such as your investment goals and how long you intend to keep your contract. The information in this prospectus applies to all contracts unless stated otherwise. PURPOSE: The purpose of each contract is to allow you to accumulate money for retirement or a similar long-term goal. You do this by making one or more purchase payments. You may allocate your purchase payments to the GPAs, regular fixed account, subaccounts and/or Special DCA fixed account under the contract; however, you risk losing amounts you invest in the subaccounts of the variable account. These accounts, in turn, may earn returns that increase the value of the contract. You may be able to purchase an optional benefit to reduce the investment risk you assume under your contract. Beginning at a specified time in the future called the annuitization start date, the contract provides lifetime or other forms of payouts of your contract value (less any applicable premium tax and/or other charges). BUYING A CONTRACT: There are many factors to consider carefully before you buy a variable annuity and any optional benefit rider. Variable annuities -- with or without optional benefit riders -- are not right for everyone. MAKE SURE YOU HAVE ALL THE FACTS YOU NEED BEFORE YOU PURCHASE A VARIABLE ANNUITY OR CHOOSE AN OPTIONAL BENEFIT RIDER. Some of the factors you may wish to consider include: - "Tax Free" Exchanges: It may not be advantageous for you to purchase one of these contracts in exchange for, or in addition to, an existing annuity or life insurance policy. Generally, you can exchange one annuity for another or for a long-term care policy in a "tax-free" exchange under Section 1035 of the Code. You can also do a partial exchange from one annuity contract to another annuity contract, subject to IRS rules. You also generally can exchange a life insurance policy for an annuity. However, before making an exchange, you should compare both contracts carefully because the features and benefits may be different. Fees and charges may be higher or lower on your old contract than on these contracts. You may have to pay a surrender charge when you exchange out of your old contract and a new surrender charge period will begin when you exchange into one of these contracts. If the exchange does not qualify for Section 1035 treatment, you also may have to pay federal income tax on the distribution. State income taxes may also apply. You should not exchange your old contract for one of these contracts, or buy one of these contracts in addition to your old contract, unless you determine it is in your best interest. (See "Taxes -- 1035 Exchanges.") - Tax-deferred retirement plans: Most annuities have a tax-deferred feature. So do many retirement plans under the Code. As a result, when you use a qualified annuity to fund a retirement plan that is tax-deferred, your contract will not provide any necessary or additional tax deferral for that retirement plan. A qualified annuity has features other than tax deferral that may help you reach your retirement goals. In addition, the Code subjects retirement plans to required withdrawals triggered at a certain age. These mandatory withdrawals are called required minimum distributions ("RMDs"). RMDs may reduce the value of certain death benefits and optional riders (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). You should consult your tax advisor before you purchase the contract as a qualified annuity for an explanation of the tax implications to you. - Taxes: Generally, income earned on your contract value grows tax-deferred until you make withdrawals or begin to receive payouts. (Under certain circumstances, IRS penalty taxes may apply.) The tax treatment of qualified and nonqualified annuities differs. Even if you direct payouts to someone else, you will be taxed on the income if you are the owner. (see "Taxes") - Your age: If you are an older person, you may not necessarily have a need for tax deferral, retirement income or a death benefit. Older persons who are considering buying a contract including any optional benefits may find it helpful to consult with or include a family member, friend or other trusted advisor in the decision making process before buying a contract. - How long you plan to keep your contract: variable annuities are not short-term liquid investments. RAVA 5 Advantage and RAVA 5 Select contracts have surrender charges. RAVA 5 Access contract does not have a surrender charge schedule, but it has a higher mortality and expense risk fee than RAVA 5 Advantage and RAVA 5 Select. All contracts offer an annuity payout plan called Annuity Payout Plan E, which imposes a surrender charge only if you elect to surrender remaining variable payouts available under Annuity Payout Plan E. (see "Annuity Payout Plans -- Plan E") Does the contract meet your current and anticipated future needs for liquidity? - If you can afford the contract: are your annual income and assets adequate to buy the contract and any optional benefits you may choose? -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 5 - The fees and expenses you will pay when buying, owning and surrendering money from these contracts. (see "Charges") - How and when you plan to take money from the contract: under current tax law, surrenders, including surrenders made under optional benefit riders, are taxed differently than annuity payouts. If you have elected the SecureSource Stages 2 rider, any withdrawals during the 1-year waiting period will negatively impact the value of your income guarantee provided by this rider. Also if you withdraw more than the allowed withdrawal amount in a contract year ("excess withdrawal") under the SecureSource Stages 2 rider, the guaranteed amounts under the rider will be reduced and you will no longer be eligible to receive any future rider credits available under the rider. (see "Surrenders"). In addition, certain surrenders may be subject to a federal income tax penalty. (see "Surrenders") - Your investment objectives, how much experience you have in managing investments and how much risk you are you willing to accept. - Short-term trading: if you plan to manage your investment in the contract by frequent or short-term trading, these contracts are not suitable for you and you should not buy one of them. (see "Making the Most of Your Contract -- Transferring Among Accounts") FREE LOOK PERIOD: You may return your contract to your financial advisor or to our corporate office within the time stated on the first page of your contract and receive a full refund of the contract value. The valuation date will be the date your request is received at our corporate office. (For California residents, the valuation date will be the earlier of the date your contract is returned to your financial advisor or to our corporate office). We will not deduct any contract charges or fees. However, you bear the investment risk from the time of purchase until you return the contract and any positive or negative market value adjustment will apply; the refund amount may be more or less than the payment you made. (EXCEPTION: If the law requires, we will refund all of your purchase payments.) ACCOUNTS: Generally, you may allocate your purchase payments among the: - subaccounts of the variable account, each of which invests in a fund with a particular investment objective. The value of each subaccount varies with the performance of the particular fund in which it invests. We cannot guarantee that the value at the annuitization start date will equal or exceed the total purchase payments you allocate to the subaccounts. (see "The Variable Account and the Funds") - GPAs which earn interest at rates declared when you make an allocation to that account. The required minimum investment in each GPA is $1,000. These accounts may not be available in all states. (see "Guarantee Period Accounts (GPAs)") - regular fixed account, which earns interest at rates that we adjust periodically. There are restrictions on transfers from this account and may be restrictions on the amount you can allocate to this account. For RAVA 5 Access contracts, you cannot select the regular fixed account unless it is included in the investment option you selected under the Portfolio Navigator program (PN program). Under the current PN program, the regular fixed account is not included in the investment options. (see "The Fixed Account") - Special DCA fixed account, which earns interest at rates that we adjust periodically. There are restrictions on how long contract value can remain in this account. (see "The Fixed Account -- The Special DCA Fixed Account") TRANSFERS: Subject to certain restrictions, you currently may redistribute your contract value among the subaccounts without charge at any time until the annuitization start date, and once per contract year among the subaccounts after the annuitization start date. Transfers out of the GPAs done more than 30 days before the end of the guarantee period will be subject to an MVA, unless an exception applies. You may establish automated transfers among the accounts. Transfers into the Special DCA fixed account are not permitted. GPAs and the regular fixed account are subject to special restrictions. (see "Making the Most of Your Contract -- Transferring Among Accounts") SURRENDERS: You may surrender all or part of your contract value at any time before the annuitization start date. You also may establish automated partial surrenders. Surrenders may be subject to charges and income taxes (including an IRS penalty if you surrender prior to your reaching age 59 1/2) and may have other tax consequences. If you have elected SecureSource Stages 2 rider, please consider carefully when you take surrenders. If you take any withdrawals during the 1-year waiting period or you withdraw more than the allowed withdrawal amount in a contract year ("excess withdrawal") under the rider, your lifetime benefit amount will be affected. In addition, any withdrawals in the first 10 years will terminate any future rider credits. Certain other restrictions may apply. (see "Surrenders") BENEFITS IN CASE OF DEATH: If you die before the annuitization start date, we will pay the beneficiary an amount based on the applicable death benefit. (see "Benefits in Case of Death -- Standard Death Benefit") OPTIONAL BENEFITS: We offer optional death benefits and optional living benefits. We currently offer SecureSource Stages 2 riders and Accumulation Protector Benefit rider as optional living benefits. SecureSource Stages 2 riders are guaranteed minimum withdrawal benefits that permit you to withdraw a guaranteed amount from the contract over a period of time, which -------------------------------------------------------------------------------- 6 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS may include, under limited circumstances, the lifetime of a single person (Single Life) or the lifetime of you and your spouse (Joint Life). SecureSource Stages 2 riders may be appropriate for you if you intend to make periodic withdrawals from your annuity contract after the waiting period and wish to ensure that market performance will not affect your ability to withdraw income over your lifetime. This optional living benefit may not be appropriate for you if you do not intend to limit withdrawals to the amount allowed under the rider. Accumulation Protector Benefit rider is intended to provide you with a guaranteed contract value at the end of specified waiting period regardless of the volatility inherent in the investments in the subaccounts. Accumulation Protector Benefit rider may be appropriate for you if you want a guaranteed contract value at the end of specified waiting period regardless of the volatility inherent in the investments in the subaccounts. This optional living benefit may not be appropriate for you if you intend to surrender your contract value before the end of the 10-year waiting period or take withdrawals during the waiting period (which provides reduced benefit). Optional living benefits require the use of a PN program investment option which may limit transfers and allocations; may limit the timing, amount and allocation of purchase payments; and may limit the amount of surrenders that can be taken under the optional benefit during a contract year. For more information on considerations before buying optional living benefits, please see "Optional Living Benefits -- SecureSource Stages 2 Riders -- Important SecureSource Stages 2 Rider Considerations" and "Optional Living Benefits -- Accumulation Protector Benefit Rider." (See "Optional Benefits"). We offer the following optional death benefits: ROPP Death Benefit, MAV Death Benefit, 5-year MAV Death Benefit, 5% Accumulation Death Benefit, Enhanced Death Benefit, Benefit Protector Death Benefit and Benefit Protector Plus Death Benefit. Benefit Protector Death Benefit and Benefit Protector Plus Death Benefit are intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. ANNUITY PAYOUTS: You can apply your contract value, after reflecting any adjustments, to an annuity payout plan that begins on the annuitization start date. You may choose from a variety of plans to make sure that payouts continue as long as you like. If you purchased a qualified annuity, the payout schedule must meet IRS requirements. We can make payouts on a fixed or variable basis, or both. During the annuity payout period, your choices for subaccounts may be limited. The GPAs and the Special DCA fixed account are not available after the annuitization start date. (see "The Annuity Payout Period") -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 7 EXPENSE SUMMARY THE FOLLOWING TABLES DESCRIBE THE FEES AND EXPENSES THAT YOU WILL PAY WHEN BUYING, OWNING AND SURRENDERING FROM THESE CONTRACTS. THE FIRST TWO TABLES DESCRIBE THE FEES AND EXPENSES THAT YOU WILL PAY AT THE TIME THAT YOU SURRENDER ONE OF THESE CONTRACTS. STATE PREMIUM TAXES ALSO MAY BE DEDUCTED. CONTRACT OWNER TRANSACTION EXPENSES SURRENDER CHARGES FOR RAVA 5 ADVANTAGE: (Contingent deferred sales load as a percentage of purchase payments surrendered) You select either a seven-year or ten-year surrender charge schedule at the time of application.
SEVEN-YEAR SCHEDULE TEN-YEAR SCHEDULE SURRENDER CHARGE NUMBER OF COMPLETED SURRENDER CHARGE NUMBER OF COMPLETED PERCENTAGE APPLIED YEARS FROM DATE OF EACH PERCENTAGE APPLIED TO YEARS FROM DATE OF EACH TO EACH PURCHASE PURCHASE PAYMENT EACH PURCHASE PAYMENT PURCHASE PAYMENT PAYMENT 0 7% 0 8% 1 7 1 8 2 7 2 8 3 6 3 7 4 5 4 6 5 4 5 5 6 2 6 4 7+ 0 7 3 8 2 9 1 10+ 0
SURRENDER CHARGE FOR RAVA 5 SELECT: (Contingent deferred sales load as a percentage of purchase payments surrendered)
SURRENDER CHARGE CONTRACT PERCENTAGE APPLIED YEAR TO PURCHASE PAYMENTS 1 7% 2 6 3 5 4 4 5+ 0
There are no surrender charges on and after the fourth contract anniversary. SURRENDER CHARGE FOR RAVA 5 ACCESS: 0% SURRENDER CHARGE UNDER ANNUITY PAYOUT PLAN E -- PAYOUTS FOR A SPECIFIED PERIOD: If you are receiving variable annuity payments under this annuity payout plan, you can choose to take a surrender. The amount that you can surrender is the present value of any remaining variable payouts. The discount rate we use in the calculation will be 5.17% if the assumed investment return is 3.5% and 6.67% if the assumed investment return is 5%. The surrender charge equals the present value of the remaining payouts using the assumed investment return minus the present value of the remaining payouts using the discount rate. (See "Charges -- Surrender Charge" and "The Annuity Payout Period -- Annuity Payout Plans.") THE NEXT TABLES DESCRIBE THE FEES AND EXPENSES THAT YOU WILL PAY PERIODICALLY DURING THE TIME THAT YOU OWN THE CONTRACT, NOT INCLUDING FUND FEES AND EXPENSES. -------------------------------------------------------------------------------- 8 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS CONTRACT ADMINISTRATIVE CHARGE ANNUAL CONTRACT ADMINISTRATIVE CHARGE MAXIMUM: $50 CURRENT: $30 ANNUAL CONTRACT ADMINISTRATIVE CHARGE IF YOUR CONTRACT VALUE EQUALS MAXIMUM: $20 CURRENT: $0 OR EXCEEDS $50,000 CONTRACT ADMINISTRATIVE CHARGE AT FULL SURRENDER MAXIMUM: $50 CURRENT: $30
ANNUAL VARIABLE ACCOUNT EXPENSES (As a percentage of average daily subaccount value) YOU MUST CHOOSE A PRODUCT, A DEATH BENEFIT GUARANTEE AND THE LENGTH OF YOUR CONTRACT'S SURRENDER CHARGE SCHEDULE. THE COMBINATION YOU CHOOSE DETERMINES THE MORTALITY AND EXPENSE RISK FEES YOU PAY. THE TABLE BELOW SHOWS THE COMBINATIONS AVAILABLE TO YOU AND THEIR COST. RAVA 5 ADVANTAGE WITH TEN-YEAR SURRENDER CHARGE SCHEDULE
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 0.85% ROPP Death Benefit 1.20 MAV Death Benefit 1.10 5-year MAV Death Benefit 0.95 5% Accumulation Death Benefit 1.25 Enhanced Death Benefit 1.30
RAVA 5 ADVANTAGE WITH SEVEN-YEAR SURRENDER CHARGE
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 0.95% ROPP Death Benefit 1.30 MAV Death Benefit 1.20 5-year MAV Death Benefit 1.05 5% Accumulation Death Benefit 1.35 Enhanced Death Benefit 1.40
RAVA 5 SELECT
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 1.20% ROPP Death Benefit 1.55 MAV Death Benefit 1.45 5-year MAV Death Benefit 1.30 5% Accumulation Death Benefit 1.60 Enhanced Death Benefit 1.65
RAVA 5 ACCESS
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 1.35% ROPP Death Benefit 1.70 MAV Death Benefit 1.60 5-year MAV Death Benefit 1.45 5% Accumulation Death Benefit 1.75 Enhanced Death Benefit 1.80
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 9 OTHER ANNUAL EXPENSES OPTIONAL DEATH BENEFITS If eligible, you may select an optional death benefit in addition to the Standard Death Benefit, MAV and 5-year MAV death benefits. The fees apply only if you elect the optional rider. BENEFIT PROTECTOR DEATH BENEFIT RIDER FEE 0.25% BENEFIT PROTECTOR PLUS DEATH BENEFIT RIDER FEE 0.40%
(As a percentage of contract value charged annually on the contract anniversary.) OPTIONAL LIVING BENEFITS If eligible, you may select one of the following optional living benefits. The optional living benefits require participation in the PN program, The fees apply only if you select one of these benefits. ACCUMULATION PROTECTOR BENEFIT(R) (APB(R)) RIDER FEE MAXIMUM: 1.75% CURRENT: 1.50%(1)
(Charged annually on the contract anniversary as a percentage of contract value or the minimum contract accumulation value, whichever is greater.) (1) For contract applications signed prior to Oct. 4, 2010, the current fee is 1.25%. SECURESOURCE STAGES(R) 2 - SINGLE LIFE RIDER FEE MAXIMUM: 1.75% CURRENT: 0.95% SECURESOURCE STAGES(R) 2 - JOINT LIFE RIDER FEE MAXIMUM: 2.25% CURRENT: 1.15%
(Charged annually on the contract anniversary as a percentage of contract value or the Benefit Base, whichever is greater.) ANNUAL OPERATING EXPENSES OF THE FUNDS THE NEXT TWO TABLES DESCRIBE THE OPERATING EXPENSES OF THE FUNDS THAT YOU MAY PAY PERIODICALLY DURING THE TIME THAT YOU OWN THE CONTRACT. THESE OPERATING EXPENSES ARE FOR THE FISCAL YEAR ENDED DEC. 31, 2010, UNLESS OTHERWISE NOTED. THE FIRST TABLE SHOWS THE MINIMUM AND MAXIMUM TOTAL OPERATING EXPENSES CHARGED BY THE FUNDS. THE SECOND TABLE SHOWS THE FEES AND EXPENSES CHARGED BY EACH FUND. MORE DETAIL CONCERNING EACH FUND'S FEES AND EXPENSES IS CONTAINED IN THE PROSPECTUS. MINIMUM AND MAXIMUM TOTAL ANNUAL OPERATING EXPENSES FOR THE FUNDS(A) (Including management fee, distribution and/or service (12b-1) fees and other expenses)
MINIMUM MAXIMUM Total expenses before fee waivers and/or expense reimbursements 0.47% 1.60%
(a) Each fund deducts management fees and other expenses from fund assets. Fund assets include amounts you allocate to a particular fund. Funds may also charge 12b-1 fees that are used to finance any activity that is primarily intended to result in the sale of fund shares. Because 12b-1 fees are paid out of fund assets on an on-going basis, you may pay more if you select subaccounts investing in funds that have adopted 12b-1 plans than if you select subaccounts investing in funds that have not adopted 12b-1 plans. The fund or the fund's affiliates may pay us or our affiliates for promoting and supporting the offer, sale and servicing of fund shares. In addition, the fund's distributor and/or investment adviser, transfer agent or their affiliates may pay us or our affiliates for various services we or our affiliates provide. The amount of these payments will vary by fund and may be significant. See "The Variable Accounts and the Funds" for additional information, including potential conflicts of interest these payments may create. For a more complete description of each fund's fees and expenses and important disclosure regarding payments the fund and/or its affiliates make, please review the fund's prospectus and SAI. TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND UNDERLYING RAVA 5 ADVANTAGE, RAVA 5 SELECT AND RAVA 5 ACCESS* (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12b-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES AllianceBernstein VPS Large Cap Growth Portfolio (Class B) 0.75% 0.25% 0.10% --% 1.10% American Century VP Value, Class II 0.87 0.25 -- -- 1.12 Columbia Variable Portfolio - Balanced Fund (Class 3) 0.64 0.13 0.17 -- 0.94(1),(2) Columbia Variable Portfolio - Cash Management Fund (Class 0.33 0.25 0.17 -- 0.75(2) 2) Columbia Variable Portfolio - Diversified Bond Fund (Class 0.41 0.25 0.16 -- 0.82(1) 2) Columbia Variable Portfolio - Diversified Equity Income 0.56 0.25 0.14 -- 0.95(1) Fund (Class 2) Columbia Variable Portfolio - Dynamic Equity Fund (Class 2) 0.66 0.25 0.17 0.01 1.09(1),(2) Columbia Variable Portfolio - Emerging Markets Opportunity 1.07 0.25 0.28 -- 1.60(1) Fund (Class 2) Columbia Variable Portfolio - Global Bond Fund (Class 2) 0.55 0.25 0.18 -- 0.98(1)
-------------------------------------------------------------------------------- 10 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND UNDERLYING RAVA 5 ADVANTAGE, RAVA 5 SELECT AND RAVA 5 ACCESS* (CONTINUED) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12b-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES Columbia Variable Portfolio - Global Inflation Protected 0.42% 0.25% 0.15% --% 0.82% Securities Fund (Class 2) Columbia Variable Portfolio - High Income Fund, Class 2 0.63 0.25 0.18 -- 1.06(3) Columbia Variable Portfolio - High Yield Bond Fund (Class 0.58 0.25 0.17 -- 1.00(1) 2) Columbia Variable Portfolio - Income Opportunities Fund 0.57 0.25 0.15 -- 0.97(1),(2) (Class 2) Columbia Variable Portfolio - International Opportunity 0.79 0.25 0.20 -- 1.24(1) Fund (Class 2) Columbia Variable Portfolio - Large Cap Growth Fund (Class 0.71 0.25 0.18 -- 1.14(1),(2) 2) Columbia Variable Portfolio - Limited Duration Credit Fund 0.47 0.25 0.14 -- 0.86(2) (Class 2) Columbia Variable Portfolio - Marsico International 1.02 0.25 0.24 -- 1.51(4) Opportunities Fund, Class 2 Columbia Variable Portfolio - Mid Cap Growth Opportunity 0.76 0.25 0.16 -- 1.17(1) Fund (Class 2) Columbia Variable Portfolio - Mid Cap Value Opportunity 0.76 0.25 0.15 -- 1.16(1),(2) Fund (Class 2) Columbia Variable Portfolio - S&P 500 Index Fund (Class 3) 0.10 0.13 0.24 -- 0.47(1) Columbia Variable Portfolio - Select Large-Cap Value Fund 0.71 0.25 0.33 -- 1.29(1),(2) (Class 2) Columbia Variable Portfolio - Select Smaller-Cap Value Fund 0.79 0.25 0.21 -- 1.25(1),(2) (Class 2) Columbia Variable Portfolio - Short Duration U.S. 0.36 0.25 0.16 -- 0.77(1) Government Fund (Class 2) Columbia Variable Portfolio - Strategic Income Fund, Class 0.60 0.25 0.23 -- 1.08(5) 2 Fidelity(R) VIP Contrafund(R) Portfolio Service Class 2 0.56 0.25 0.09 -- 0.90 Fidelity(R) VIP Mid Cap Portfolio Service Class 2 0.56 0.25 0.10 -- 0.91 FTVIPT Franklin Small Cap Value Securities Fund - Class 2 0.51 0.25 0.17 0.01 0.94(6) FTVIPT Mutual Shares Securities Fund - Class 2 0.60 0.25 0.14 -- 0.99 Janus Aspen Series Janus Portfolio: Service Shares 0.64 0.25 0.03 -- 0.92 MFS(R) Utilities Series - Service Class 0.73 0.25 0.08 -- 1.06 Morgan Stanley UIF Mid Cap Growth Portfolio, Class II 0.75 0.35 0.31 -- 1.41(7) Shares Neuberger Berman Advisers Management Trust Socially 0.85 0.25 0.23 -- 1.33(8) Responsive Portfolio (Class S) Oppenheimer Global Securities Fund/VA, Service Shares 0.63 0.25 0.13 -- 1.01 Oppenheimer Main Street Small- & Mid-Cap Fund(R)/VA, 0.70 0.25 0.15 -- 1.10(9) Service Shares PIMCO VIT All Asset Portfolio, Advisor Share Class 0.43 0.25 -- 0.66 1.34(10) Variable Portfolio - Aggressive Portfolio (Class 2) -- 0.25 0.02 0.82 1.09 Variable Portfolio - AllianceBernstein International Value 0.85 0.25 0.19 -- 1.29(11) Fund (Class 2) Variable Portfolio - American Century Diversified Bond Fund 0.47 0.25 0.15 -- 0.87 (Class 2) Variable Portfolio - American Century Growth Fund (Class 2) 0.64 0.25 0.14 -- 1.03(11) Variable Portfolio - Columbia Wanger International Equities 0.94 0.25 0.39 -- 1.58(11) Fund (Class 2) Variable Portfolio - Columbia Wanger U.S. Equities Fund 0.88 0.25 0.18 -- 1.31(11) (Class 2) Variable Portfolio - Conservative Portfolio (Class 2) -- 0.25 0.03 0.64 0.92 Variable Portfolio - Davis New York Venture Fund (Class 2) 0.70 0.25 0.13 -- 1.08(1),(11) Variable Portfolio - Eaton Vance Floating-Rate Income Fund 0.63 0.25 0.19 -- 1.07(11) (Class 2) Variable Portfolio - Goldman Sachs Mid Cap Value Fund 0.78 0.25 0.14 -- 1.17(1) (Class 2) Variable Portfolio - Invesco International Growth Fund 0.84 0.25 0.19 -- 1.28(11) (Class 2) Variable Portfolio - J.P. Morgan Core Bond Fund (Class 2) 0.47 0.25 0.15 -- 0.87 Variable Portfolio - Jennison Mid Cap Growth Fund (Class 2) 0.75 0.25 0.15 -- 1.15(11) Variable Portfolio - Marsico Growth Fund (Class 2) 0.64 0.25 0.14 -- 1.03(11) Variable Portfolio - MFS Value Fund (Class 2) 0.64 0.25 0.14 -- 1.03(11) Variable Portfolio - Moderate Portfolio (Class 2) -- 0.25 0.02 0.75 1.02 Variable Portfolio - Moderately Aggressive Portfolio (Class -- 0.25 0.02 0.79 1.06 2) Variable Portfolio - Moderately Conservative Portfolio -- 0.25 0.02 0.69 0.96 (Class 2)
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 11 TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND UNDERLYING RAVA 5 ADVANTAGE, RAVA 5 SELECT AND RAVA 5 ACCESS* (CONTINUED) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12b-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES Variable Portfolio - Morgan Stanley Global Real Estate Fund 0.85% 0.25% 0.25% --% 1.35%(11) (Class 2) Variable Portfolio - NFJ Dividend Value Fund (Class 2) 0.64 0.25 0.14 -- 1.03(11) Variable Portfolio - Nuveen Winslow Large Cap Growth Fund 0.65 0.25 0.15 -- 1.05(11) (Class 2) Variable Portfolio - Partners Small Cap Growth Fund (Class 0.88 0.25 0.20 -- 1.33(11) 2) Variable Portfolio - Partners Small Cap Value Fund (Class 0.92 0.25 0.17 0.04 1.38(1),(11) 2) Variable Portfolio - PIMCO Mortgage-Backed Securities Fund 0.48 0.25 0.19 -- 0.92(11) (Class 2) Variable Portfolio - Pyramis(R) International Equity Fund 0.85 0.25 0.20 -- 1.30(11) (Class 2) Variable Portfolio - Wells Fargo Short Duration Government 0.48 0.25 0.15 -- 0.88(11) Fund (Class 2) Wells Fargo Advantage VT Core Equity Fund - Class 2 0.55 0.25 0.21 0.01 1.02(12) Wells Fargo Advantage VT Opportunity Fund - Class 2 0.65 0.25 0.21 0.01 1.12(13) Wells Fargo Advantage VT Small Cap Growth Fund - Class 2 0.75 0.25 0.20 -- 1.20(12)
*The Funds provided the information on their expenses and we have not independently verified the information. **The previous fund names can be found in the Appendix under "The Funds". ***Includes fees and expenses incurred indirectly by the Fund as a result of its investment in other investment companies (also referred to as acquired funds). (1)Expense ratios have been adjusted to reflect current fees. (2)Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses (other than acquired fund fees and expenses, if any) until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net fund expenses (excluding acquired fund fees and expenses, if any), will not exceed 0.82% for Columbia Variable Portfolio - Balanced Fund (Class 3), 0.705% for Columbia Variable Portfolio - Cash Management Fund (Class 2), 0.985% for Columbia Variable Portfolio - Dynamic Equity Fund (Class 2), 0.955% for Columbia Variable Portfolio - Income Opportunities Fund (Class 2), 1.015% for Columbia Variable Portfolio - Large Cap Growth Fund (Class 2), 0.79% for Columbia Variable Portfolio - Limited Duration Credit Fund (Class 2), 1.145% for Columbia Variable Portfolio - Mid Cap Value Opportunity Fund (Class 2), 1.075% for Columbia Variable Portfolio - Select Large-Cap Value Fund (Class 2) and 1.205% for Columbia Variable Portfolio - Select Smaller-Cap Value Fund (Class 2). (3)Management fees have been restated to reflect contractual changes to the investment advisory and/or administrative fee rates. Other expenses have been restated to reflect contractual changes to the transfer agency fees paid. The Adviser has voluntarily agreed to reimburse a portion of the Fund's expenses so that the Fund's ordinary operating expenses (excluding brokerage commissions, interest, taxes and extraordinary expenses, but including custodian charges relating to overdrafts, if any), after giving effect to any balance credits from the Fund's custodian, do not exceed 0.85% of the Fund's average daily net assets on an annualized basis. The Adviser, in its discretion, may revise or discontinue this arrangement at any time. (4)Other expenses have been restated to reflect contractual changes to the transfer agency fees paid. The Adviser has contractually agreed to bear, through April 30, 2012, a portion of the Fund's expenses so that the Fund's ordinary operating expenses (excluding brokerage commissions, interest, taxes, acquired fund fees and expenses, and extraordinary expenses, but including custodian charges relating to overdrafts, if any), after giving effect to any balance credits from the Fund's custodian, do not exceed the annual rate of 1.45% of the Fund's average daily net assets. This expense arrangement may only be modified or amended with approval from all parties to such arrangement, including the Fund and the Adviser. (5)Management fees have been restated to reflect contractual changes to the investment advisory and/or administration fee rates. Other expenses have been restated to reflect contractual changes to the transfer agency fees paid and contractual changes to certain other fees. The Adviser and/or its affiliates have contractually agreed to bear, through April 30, 2012, a portion of the Fund's expenses so that the Fund's ordinary operating expenses (excluding certain expenses such as brokerage commissions, interest, taxes, acquired fund fees and expenses, and extraordinary expenses, if any), after giving effect to any balance credits from the Fund's custodian, do not exceed the annual rate of 0.83% of the Fund's average daily net assets. This expense arrangement may only be modified or amended with approval from all parties to such arrangement, including the Fund and the Adviser. (6)The manager and administrator have agreed in advance to reduce their fees as a result of the Fund's investment in a Franklin Templeton money market fund. This reduction will continue until at least April 30, 2012. After fee reductions, net expenses would be 0.93%. (7)The Portfolios' adviser, Morgan Stanley Investment Management Inc. (the "Adviser"), has agreed to reduce its advisory fee and/or reimburse each Portfolio so that total annual portfolio operating expenses, excluding certain investment related expenses (such as foreign country tax expense and interest expense on amounts borrowed) (but including any 12b-1 fee), will not exceed 1.15%. The fee waivers and/or expense reimbursements are expected to continue until such time as the Fund's Board of Directors acts to discontinue all or a portion of such waivers and/or reimbursements when it deems that such action is appropriate. (8)Neuberger Berman Management LLC ("NBM") has undertaken through Dec. 31, 2014, to waive fees and/or reimburse certain operating expenses, including the compensation of NBM and excluding taxes, interest, extraordinary expenses, brokerage commissions and transaction costs, that exceed, in the aggregate, 1.17% of the average daily net asset value. The expense limitation arrangement for the Portfolio is contractual and any excess expenses can be repaid to NBM within three years of the year incurred, provided such recoupment would not cause the Portfolio to exceed its respective limitation. (9)The Manager has voluntarily agreed to limit the Fund's total annual operating expenses so that those expenses, as percentages of daily net assets, will not exceed the annual rate of 1.05%. This voluntary expense limitation may not be amended or withdrawn until one year after the date of the Funds' prospectus. (10)PIMCO has contractually agreed, through May 1, 2012, to reduce its advisory fee to the extent that the Underlying PIMCO Fund Expenses attributable to advisory and supervisory and administrative fees exceed 0.64% of the total assets invested in Underlying PIMCO Funds. PIMCO may recoup these waivers in future periods, not exceeding three years, provided total expenses, including such recoupment, do not exceed the annual expense limit. The fee reduction is implemented based on a calculation of Underlying PIMCO fund expenses attributable to advisory and supervisory and administrative fees that is different from the calculation of acquired fund fees and expenses listed in the table above. After fee waivers, net expenses would be 1.305%. -------------------------------------------------------------------------------- 12 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS (11)Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses (other than acquired fund fees and expenses, if any) until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net fund expenses (excluding acquired fund fees and expenses, if any), will not exceed 1.18% for Variable Portfolio - AllianceBernstein International Value Fund (Class 2), 0.95% for Variable Portfolio - American Century Growth Fund (Class 2), 1.26% for Variable Portfolio - Columbia Wanger International Equities Fund (Class 2), 1.22% for Variable Portfolio - Columbia Wanger U.S. Equities Fund (Class 2), 1.025% for Variable Portfolio - Davis New York Venture Fund (Class 2), 0.98% for Variable Portfolio - Eaton Vance Floating-Rate Income Fund (Class 2), 1.20% for Variable Portfolio - Invesco International Growth Fund (Class 2), 1.08% for Variable Portfolio - Jennison Mid Cap Growth Fund (Class 2), 0.97% for Variable Portfolio - Marsico Growth Fund (Class 2), 0.97% for Variable Portfolio - MFS Value Fund (Class 2), 1.14% for Variable Portfolio - Morgan Stanley Global Real Estate Fund (Class 2), 1.01% for Variable Portfolio - NFJ Dividend Value Fund (Class 2), 0.99% for Variable Portfolio - Nuveen Winslow Large Cap Growth Fund (Class 2), 1.31% for Variable Portfolio - Partners Small Cap Growth Fund (Class 2), 1.265% for Variable Portfolio - Partners Small Cap Value Fund (Class 2), 0.81% for Variable Portfolio - PIMCO Mortgage-Backed Securities Fund (Class 2), 1.20% for Variable Portfolio - Pyramis(R) International Equity Fund (Class 2) and 0.83% for Variable Portfolio - Wells Fargo Short Duration Government Fund (Class 2). (12)Expenses have been adjusted from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses. Funds Management has committed through July 18, 2013 to waive fees and/or reimburse expenses to the extent necessary to ensure that the Fund's total annual fund operating expenses after fee waiver, excluding brokerage commissions, interest, taxes, extraordinary expenses, and the expenses of any money market fund or other fund held by the Fund, do not exceed 1.00% for Wells Fargo Advantage VT Core Equity Fund - Class 2 and 1.20% for Wells Fargo Advantage VT Small Cap Growth Fund - Class 2. (13)Expenses have been adjusted from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses. Funds Management has committed through April 30, 2012 to waive fees and/or reimburse expenses to the extent necessary to ensure that the Fund's total annual fund operating expenses after fee waiver, excluding brokerage commissions, interest, taxes, extraordinary expenses, and the expenses of any money market fund or other fund held by the Fund, do not exceed 1.07%. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 13 EXAMPLES THESE EXAMPLES ARE INTENDED TO HELP YOU COMPARE THE COST OF INVESTING IN THESE CONTRACTS WITH THE COST OF INVESTING IN OTHER VARIABLE ANNUITY CONTRACTS. THESE COSTS INCLUDE YOUR TRANSACTION EXPENSES, CONTRACT ADMINISTRATIVE CHARGES, VARIABLE ACCOUNT ANNUAL EXPENSES AND FUND FEES AND EXPENSES. THESE EXAMPLES ASSUME THAT YOU INVEST $10,000 IN THE CONTRACT FOR THE TIME PERIODS INDICATED. THESE EXAMPLES ALSO ASSUME THAT YOUR INVESTMENT HAS A 5% RETURN EACH YEAR. MAXIMUM EXPENSES. These examples assume the most expensive combination of contract features and benefits and the maximum fees and expenses of any of the funds. They assume that you select the optional MAV Death Benefit, Benefit Protector Plus and SecureSource Stages 2 - Joint Life(1),(3). Although your actual costs may be lower, based on these assumptions your costs would be:
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA 5 ADVANTAGE With a ten-year surrender charge schedule $1,318 $2,499 $3,484 $5,894 $598 $1,777 $2,942 $5,803 RAVA 5 ADVANTAGE With a seven-year surrender charge schedule 1,238 2,437 3,440 5,887 608 1,805 2,988 5,887 RAVA 5 SELECT 1,263 2,328 3,103 6,092 633 1,877 3,103 6,092 RAVA 5 ACCESS 648 1,920 3,172 6,212 648 1,920 3,172 6,212
MINIMUM EXPENSES. These examples assume the least expensive combination of contract features and benefits and the minimum fees and expenses of any of the funds. They assume that you have the Standard Death Benefit and do not select any optional benefits(2). Although your actual costs may be higher, based on these assumptions your costs would be:
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA 5 ADVANTAGE With a ten-year surrender charge schedule $912 $1,307 $1,473 $1,978 $165 $510 $ 873 $1,878 RAVA 5 ADVANTAGE With a seven-year surrender charge schedule 828 1,237 1,427 1,989 176 541 927 1,989 RAVA 5 SELECT 852 1,112 1,059 2,263 201 619 1,059 2,263 RAVA 5 ACCESS 217 666 1,137 2,424 217 666 1,137 2,424
(1) In these examples, the contract administrative charge is $50. (2) In these examples, the contract administrative charge is $30. (3) Because these examples are intended to illustrate the most expensive combination of contract features, the maximum annual fee for each optional benefit is reflected rather than the fee that is currently being charged. THE EXAMPLES ARE ILLUSTRATIVE ONLY. YOU SHOULD NOT CONSIDER THESE EXAMPLES AS A REPRESENTATION OF PAST OR FUTURE EXPENSES. ACTUAL EXPENSES WILL BE HIGHER OR LOWER THAN THOSE SHOWN DEPENDING UPON WHICH OPTIONAL BENEFIT YOU ELECT OTHER THAN INDICATED IN THE EXAMPLES OR IF YOU ALLOCATE CONTRACT VALUE TO ANY OTHER AVAILABLE SUBACCOUNTS. -------------------------------------------------------------------------------- 14 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS CONDENSED FINANCIAL INFORMATION You can find unaudited condensed financial information for the subaccounts in Appendix G. FINANCIAL STATEMENTS You can find our audited financial statements and the audited financial statements of the divisions, which are comprised of subaccounts, in the SAI. The SAI does not include audited financial statements for divisions that are new and have no activity as of the financial statement date. THE VARIABLE ACCOUNT AND THE FUNDS THE VARIABLE ACCOUNT: The variable account was established under Minnesota law on Aug. 23, 1995, and the subaccounts are registered together as a single unit investment trust under the Investment Company Act of 1940 (the 1940 Act). This registration does not involve any supervision of our management or investment practices and policies by the SEC. All obligations arising under the contracts are general obligations of RiverSource Life. The variable account meets the definition of a separate account under federal securities laws. We credit or charge income, capital gains and capital losses of each subaccount only to that subaccount. State insurance law prohibits us from charging a subaccount with liabilities of any other subaccount or of our general business. The variable account includes other subaccounts that are available under contracts that are not described in this prospectus. Although the Internal Revenue Service (IRS) has issued some guidance on investor control, the U.S. Treasury and the IRS may continue to examine this aspect of variable contracts and provide additional guidance on investor control. At this time, we do not know what the additional guidance will be or when action will be taken. We reserve the right to modify the contract, as necessary, so that the owner will not be subject to current taxation as the owner of the subaccount assets. We intend to comply with all federal tax laws so that the contract continues to qualify as an annuity for federal income tax purposes. We reserve the right to modify the contract as necessary to comply with any new tax laws. THE FUNDS: The contracts currently offer subaccounts investing in shares of the funds. For a list of underlying funds with a summary of investment objectives, investment advisers and subadvisers, please see Appendix A. - INVESTMENT OBJECTIVES: The investment managers and advisers cannot guarantee that the funds will meet their investment objectives. Please read the funds' prospectuses for facts you should know before investing. These prospectuses are available by contacting us at the address or telephone number on the first page of this prospectus. - FUND NAME AND MANAGEMENT: 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. - ELIGIBLE PURCHASERS: All funds are available to serve as the underlying investments for variable annuities and variable life insurance policies. The funds are not available to the public (see "Fund name and management" above). Some funds also are available to serve as investment options for tax-deferred retirement plans. It is possible that in the future for tax, regulatory or other reasons, it may be disadvantageous for variable annuity accounts and variable life insurance accounts and/or tax-deferred retirement plans to invest in the available funds simultaneously. Although we and the funds do not currently foresee any such disadvantages, the boards of directors or trustees of each fund will monitor events in order to identify any material conflicts between annuity owners, policy owners and tax-deferred retirement plans and to determine what action, if any, should be taken in response to a conflict. If a board were to conclude that it should establish separate funds for the variable annuity, variable life insurance and tax-deferred retirement plan accounts, you would not bear any expenses associated with establishing separate funds. Please refer to the funds' prospectuses for risk disclosure regarding simultaneous investments by variable annuity, variable life insurance and tax-deferred retirement plan accounts. Each fund intends to comply with the diversification requirements under Section 817(h) of the Code. - ASSET ALLOCATION PROGRAMS MAY IMPACT FUND PERFORMANCE: Asset allocation programs in general may negatively impact the performance of an underlying fund. Even if you do not participate in an asset allocation program, a fund in which your subaccount invests may be impacted if it is included in an asset allocation program. Rebalancing or reallocation under the terms of the asset allocation program may cause a fund to lose money if it must sell large amounts of securities to meet a redemption request. These losses can be greater if the fund holds securities that are not as liquid as others; for example, various types of bonds, shares of smaller companies and securities of foreign issuers. A fund may also experience higher expenses because it must sell or buy securities more frequently than it otherwise might in the absence of asset allocation -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 15 program rebalancing or reallocations. Because asset allocation programs include periodic rebalancing and may also include reallocation, these effects may occur under the asset allocation program we offer (see "Making the Most of Your Contract -- Portfolio Navigator Program") or under asset allocation programs used in conjunction with the contracts and plans of other eligible purchasers of the funds. - FUNDS AVAILABLE UNDER THE CONTRACT: We seek to provide a broad array of underlying funds taking into account the fees and charges imposed by each fund and the contract charges we impose. We select the underlying funds in which the subaccounts initially invest and when there is substitution (see "Substitution of Investments"). We also make all decisions regarding which funds to retain in a contract, which funds to add to a contract and which funds will no longer be offered in a contract. In making these decisions, we may consider various objective and subjective factors. Objective factors include, but are not limited to fund performance, fund expenses, classes of fund shares available, size of the fund and investment objectives and investing style of the fund. Subjective factors include, but are not limited to, investment sub-styles and process, management skill and history at other funds and portfolio concentration and sector weightings. We also consider the levels and types of revenue, including but not limited to expense payments and non-cash compensation a fund, its distributor, investment adviser, subadviser, transfer agent or their affiliates pay us and our affiliates. This revenue includes, but is not limited to compensation for administrative services provided with respect to the fund and support of marketing and distribution expenses incurred with respect to the fund. - REVENUE WE RECEIVE FROM THE FUNDS MAY CREATE POTENTIAL CONFLICTS OF INTEREST: We or our affiliates receive from each of the funds, or the funds' affiliates, varying levels and types of revenue including but not limited to expense payments and non-cash compensation. The amount of this revenue and how it is computed varies by fund, may be significant and may create potential conflicts of interest. The greatest amount and percentage of revenue we and our affiliates receive comes from assets allocated to subaccounts investing in the funds that are managed by our affiliates Columbia Management Investment Advisers, LLC (Columbia Management Investment Advisers) or Columbia Wanger Asset Management, LLC (Columbia Wanger Asset Management) (affiliated funds). Employee compensation and operating goals at all levels are tied to the success of Ameriprise Financial, Inc. and its affiliates, including us. Certain employees may receive higher compensation and other benefits based, in part, on contract values that are invested in the affiliated funds. We or our affiliates receive revenue which ranges up to 0.64% of the average daily net assets invested in the underlying funds through this and other contracts we and our affiliate issue. We or our affiliates may also receive revenue which ranges up to 0.04% of aggregate, net or anticipated sales of underlying funds through this and other contracts we and our affiliate issue. Please see the SAI for a table that ranks the underlying funds according to total dollar amounts they and their affiliates paid us or our affiliates in the prior calendar year. Expense payments, non-cash compensation and other forms of revenue may influence recommendations your investment professional makes regarding whether you should invest in one of these contracts, and whether you should allocate purchase payments or contract value to a subaccount that invests in a particular fund (see "About the Service Providers"). The revenue we or our affiliates receive from a fund or its affiliates is in addition to revenue we receive from the charges you pay when buying, owning and surrendering the contract (see "Expense Summary"). However, the revenue we or our affiliates receive from a fund or its affiliates may come, at least in part, from the fund's fees and expenses you pay indirectly when you allocate contract value to the subaccount that invests in that fund. - WHY REVENUES ARE PAID TO US: In accordance with applicable laws, regulations and the terms of the agreements under which such revenue is paid, we or our affiliates may receive these revenues including but not limited to expense payments and non-cash compensation for various purposes: - Compensating, training and educating financial advisors who sell the contracts. - Granting access to our employees whose job it is to promote sales of the contracts by authorized selling firms and their financial advisors, and granting access to financial advisors of our affiliated selling firms. - Activities or services we or our affiliates provide that assist in the promotion and distribution of the contracts including promoting the funds available under the contracts to prospective and existing contract owners, authorized selling firms and financial advisors. - Providing sub-transfer agency and shareholder servicing to contract owners. - Promoting, including and/or retaining the fund's investment portfolios as underlying investment options in the contracts. - Advertising, printing and mailing sales literature, and printing and distributing prospectuses and reports. - Furnishing personal services to contract owners, including education of contract owners, answering routine inquiries regarding a fund, maintaining accounts or providing such other services eligible for service fees as defined under the rules of the Financial Industry Regulatory Authority (FINRA). - Subaccounting, transaction processing, recordkeeping and administration. -------------------------------------------------------------------------------- 16 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS - SOURCES OF REVENUE RECEIVED FROM AFFILIATED FUNDS: The affiliated funds are managed by Columbia Management Investment Advisers or Columbia Wanger Asset Management. The sources of revenue we receive from these affiliated funds, or from affiliates of these funds, may include, but are not necessarily limited to, the following: - Assets of the fund's adviser and transfer agent or an affiliate of these. The revenue resulting from these sources may be based either on a percentage of average daily net assets of the fund or on the actual cost of certain services we provide with respect to the fund. We may receive this revenue either in the form of a cash payment or it may be allocated to us. - Compensation paid out of 12b-1 fees that are deducted from fund assets and disclosed in the "12b-1 fees" column of the "Annual Operating Expenses of the Funds" table. - SOURCES OF REVENUE RECEIVED FROM UNAFFILIATED FUNDS: The unaffiliated funds are not managed by an affiliate of ours. The sources of revenue we receive from these unaffiliated funds, or the funds' affiliates, may include, but are not necessarily limited to, the following: - Assets of the fund's adviser, subadviser, transfer agent or an affiliate and assets of the fund's distributor or an affiliate. The revenue resulting from these sources usually is based on a percentage of average daily net assets of the fund but there may be other types of payment arrangements. - Compensation paid out of 12b-1 fees that are deducted from fund assets and disclosed in the "12b-1 fees" column of the "Annual Operating Expenses of the Funds" table. GUARANTEE PERIOD ACCOUNTS (GPAS) The GPAs may not be available for contracts in some states. Currently, unless the PN program is in effect, you may allocate purchase payments to one or more of the GPAs with guarantee periods declared by us. These periods of time may vary by state. The required minimum investment in each GPA is $1,000. These accounts are not offered after the annuitization start date. Each GPA pays an interest rate that is declared when you make an allocation to that account. That interest rate is then fixed for the guarantee period that you chose. We will periodically change the declared interest rate for any future allocations to these accounts, but we will not change the rate paid on money currently in a GPA. The GPA interests under the contracts are registered with the SEC. The SEC staff reviews the disclosures in this prospectus on the GPA interests. The interest rates that we will declare as guaranteed rates in the future are determined by us at our discretion (future rates). We will determine future rates based on various factors including, but not limited to, the interest rate environment, returns earned on investments in the nonunitized separate account we have established for the GPAs, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition and RiverSource Life's revenues and other expenses. Interest rates offered may vary by state, but will not be lower than state law allows. WE CANNOT PREDICT NOR CAN WE GUARANTEE WHAT FUTURE RATES WILL BE. We hold amounts you allocate to the GPAs in a "nonunitized" separate account. This separate account provides an additional measure of assurance that we will make full payment of amounts due under the GPAs. State insurance law prohibits us from charging this separate account with liabilities of any other separate account or of our general business. We own the assets of this separate account as well as any favorable investment performance of those assets. You do not participate in the performance of the assets held in this separate account. We guarantee all benefits relating to your value in the GPAs. This guarantee is based on the continued claims-paying ability of the company's general account. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. We intend to construct and manage the investment portfolio relating to the separate account in such a way as to minimize the impact of fluctuations in interest rates. We achieve this by constructing a portfolio of assets with a price sensitivity to interest rate changes (i.e., price duration) that is similar to the price duration of the corresponding portfolio of liabilities. We must invest this portfolio of assets in accordance with requirements established by applicable state laws regarding the nature and quality of investments that life insurance companies may make and the percentage of their assets that they may commit to any particular type of investment. Our investment strategy will incorporate the use of a variety of debt instruments having price durations tending to match the applicable guarantee periods. These instruments include, but are not necessarily limited to, the following: - Securities issued by the U.S. government or its agencies or instrumentalities, which issues may or may not be guaranteed by the U.S. government; -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 17 - Debt securities that have an investment grade, at the time of purchase, within the four highest grades assigned by any of three nationally recognized rating agencies -- Standard & Poor's, Moody's Investors Service or Fitch -- or are rated in the two highest grades by the National Association of Insurance Commissioners; - Debt instruments that are unrated, but which are deemed by RiverSource Life to have an investment quality within the four highest grades; - Other debt instruments which are unrated or rated below investment grade, limited to 15% of assets at the time of purchase; and - Real estate mortgages, limited to 30% of portfolio assets at the time of acquisition. In addition, options and futures contracts on fixed income securities will be used from time to time to achieve and maintain appropriate investment and liquidity characteristics on the overall asset portfolio. While this information generally describes our investment strategy, we are not obligated to follow any particular strategy except as may be required by federal law and Minnesota and other state insurance laws. MARKET VALUE ADJUSTMENT (MVA) We will not apply an MVA to contract value you transfer or surrender out of the GPAs during the 30-day period ending on the last day of the guarantee period. During this 30 day window you may choose to start a new guarantee period of the same length, transfer the contract value from the specified GPA to a GPA of another length, transfer the contract value from the specified GPA to any of the subaccounts or the regular fixed account, or surrender the value from the specified GPA (all subject to applicable surrender and transfer provisions). If we do not receive any instructions by the end of your guarantee period, we will automatically transfer the contract value from the specified GPA into the shortest GPA term offered in your state. If no GPAs are offered, we will transfer the value to the regular fixed account, if available. If the regular fixed account is not available, we will transfer the value to the money market or cash management variable subaccount we designate. We guarantee the contract value allocated to the GPAs, including interest credited, if you do not make any transfers or surrenders from the GPAs prior to 30 days before the end of the guarantee period (30-day rule). At all other times, and unless one of the exceptions to the 30-day rule described below applies, we will apply an MVA if you surrender or transfer contract value from a GPA or you elect an annuity payout plan while you have contract value invested in a GPA. We will refer to these transactions as "early surrenders." The application of an MVA may result in either a gain or loss of principal. The 30-day rule does not apply and no MVA will apply to: - amounts surrendered under contract provisions that waive surrender charges for Hospital or Nursing Home Confinement and Terminal Illness Disability Diagnosis; and - amounts deducted for fees and charges. Amounts we pay as death claims will not be reduced by any MVA. When you request an early surrender, we adjust the early surrender amount by an MVA formula. The early surrender amount reflects the relationship between the guaranteed interest rate you are earning in your current GPA and the interest rate we are crediting on new GPAs that end at the same time as your current GPA. The MVA is sensitive to changes in current interest rates. The magnitude of any applicable MVA will depend on our current schedule of guaranteed interest rates at the time of the surrender, the time remaining in your guarantee period and your guaranteed interest rate. The MVA is negative, zero or positive depending on how the guaranteed interest rate on your GPA compares to the interest rate of a new GPA for the same number of years as the guarantee period remaining on your GPA. This is summarized in the following table:
IF YOUR GPA RATE IS: THE MVA IS: Less than the new GPA rate + 0.10% Negative Equal to the new GPA rate + 0.10% Zero Greater than the new GPA rate + 0.10% Positive
For an example, see Appendix B. THE FIXED ACCOUNT Amounts allocated to the fixed account become part of our general account. The fixed account includes the regular fixed account and the Special DCA fixed account. We credit interest on amounts you allocate to the fixed account at rates we determine from time to time in our discretion. These rates will be based on various factors including, but not limited to, the interest rate environment, returns we earn on our general account investments, the rates currently in effect for new and existing RiverSource Life annuities, product design, competition, and RiverSource Life's revenues and expenses. The guaranteed -------------------------------------------------------------------------------- 18 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS minimum interest rate on amounts invested in the fixed account may vary by state but will not be lower than state law allows. We back the principal and interest guarantees relating to the fixed account. These guarantees are based on the continued claims-paying ability of RiverSource Life. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of insurance and financial products as well, and we also pay our obligations under these products from assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. The fixed account is not required to be registered with the SEC. The SEC staff does not review the disclosures in this prospectus on the fixed account, however, disclosures regarding the fixed account may be subject to certain generally applicable provisions of the federal securities laws relating to the accuracy and completeness of statements made in prospectuses. THE REGULAR FIXED ACCOUNT For RAVA 5 Advantage and RAVA 5 Select, unless the PN program is in effect, you also may allocate purchase payments or transfer contract value to the regular fixed account. For RAVA 5 Access contracts, you cannot allocate purchase payments or transfer contract value to the regular fixed account unless it is included in the investment option you selected under the PN program. Under the current PN program, the regular fixed account is not included in the investment options. The value of the regular fixed account increases as we credit interest to the account. We credit and compound interest daily based on a 365-day year (366 in a leap year) so as to produce the annual effective rate which we declare. The interest rate we apply to each purchase payment or transfer to the regular fixed account is guaranteed for one year. Thereafter, we will change the rates from time to time at our discretion, but your interest rate for each purchase payment or transfer will never change more frequently than annually. There are restrictions on transfers from this account and may be restrictions on the amount you can allocate to this account (See "Making the Most of Your Contract -- Transfer policies".). THE SPECIAL DCA FIXED ACCOUNT You may allocate purchase payments to the Special DCA fixed account. You may not transfer contract value to the Special DCA fixed account. You may allocate your entire initial purchase payment to the Special DCA fixed account for a term of six or twelve months. We reserve the right to offer shorter or longer terms for the Special DCA fixed account. In accordance with your investment instructions, we transfer a pro rata amount from the Special DCA fixed account to the subaccounts or PN program investment option you select monthly so that, at the end of the Special DCA fixed account term, the balance of the Special DCA fixed account is zero. The first Special DCA monthly transfer occurs one day after we receive your payment. You may not use the regular fixed account or any GPA as a destination for the Special DCA monthly transfer. The value of the Special DCA fixed account increases when we credit interest to the Special DCA fixed account, and decreases when we make monthly transfers from the Special DCA fixed account. When you allocate a purchase payment to the Special DCA fixed account, the interest rates applicable to that purchase payment will be the rates in effect for the Special DCA fixed account term you choose on the date we receive your purchase payment. The applicable interest rate is guaranteed for the length of the term for the Special DCA fixed account term you choose. We credit and compound interest daily based on a 365-day year (366 in a leap year) so as to produce the annual effective rate which we declare. We credit interest only on the declining balance of the Special DCA fixed account; we do not credit interest on amounts that have been transferred from the Special DCA fixed account. As a result, the net effective interest rates we credit will be less than the declared annual effective rates. Generally, we will credit the Special DCA fixed account with interest at the same annual effective rate we apply to the regular fixed account on the date we receive your purchase payment, regardless of the length of the term you select. From time to time, we may credit interest to the Special DCA fixed account at promotional rates that are higher than those we credit to the regular fixed account. We reserve the right to declare different annual effective rates: - for the Special DCA fixed account and the regular fixed account; and - for the Special DCA fixed accounts with terms of differing length. Alternatively, you may allocate your initial purchase payment to any combination of the following which equals one hundred percent of the amount you invest: - the Special DCA fixed account for a six month term; - the Special DCA fixed account for a twelve month term; - the PN program investment option in effect; -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 19 - if no PN program investment option is in effect, to the regular fixed account, the GPAs and/or the subaccounts, subject to investment minimums and other restrictions we may impose on investments in the regular fixed account and the GPAs. Once you establish a Special DCA fixed account, you cannot allocate additional purchase payments to it. However, you may establish another Special DCA fixed account and allocate new purchase payments to it. If you participate in the PN program, and you change to a different PN program investment option while a Special DCA fixed account term is in progress, we will allocate transfers from the Special DCA fixed account to your newly-elected PN program investment option. If your contract permits and you discontinue your participation in the PN program while a Special DCA fixed account term is in progress, we will allocate transfers from your Special DCA fixed account for the remainder of the term to the subaccounts in accordance with your current Special DCA fixed account allocation instructions. If your current Special DCA fixed account allocation instructions include a fund to which allocations are restricted and you do not provide new instructions, we will transfer prorated amounts to the valid portion of your allocation instruction. You may discontinue any Special DCA fixed account before the end of its term by giving us notice. If you do so, we will transfer the remaining balance of the Special DCA fixed account to the PN program investment option in effect, or if no PN program investment option is in effect, in accordance with your investment instructions to us to the regular fixed account, if available, the GPAs and/or the subaccounts, subject to investment minimums and other restrictions we may impose on investments in the regular fixed account and the GPAs, including but not limited to, any limitations described in this prospectus on transfers (see "Transfer policies"). Dollar-cost averaging from the Special DCA fixed account does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. For a discussion of how dollar-cost averaging works, see "Making the Most of your Contract -- Automated Dollar-Cost Averaging." BUYING YOUR CONTRACT You can fill out an application and send it along with your initial purchase payment to our corporate office. You may buy RAVA 5 Advantage, RAVA 5 Select or RAVA 5 Access. Each contract has different mortality and expense risk fees. RAVA 5 Access does not have surrender charges, but it has the highest mortality and expense risk fees of the three contracts. RAVA 5 Select has a four-year surrender charge schedule and lower mortality and expense risk fees then RAVA 5 Access. RAVA 5 Advantage offers a choice of a seven-year or ten-year surrender charge schedule and the lowest mortality and expense risk fees of the three contracts. We are required by law to obtain personal information from you which we will use to verify your identity. If you do not provide this information we reserve the right to refuse to issue your contract or take other steps we deem reasonable. As the owner, you have all rights and may receive all benefits under the contract. You may buy a qualified or nonqualified annuity. Generally, you can own a nonqualified annuity in joint tenancy with rights of survivorship only in spousal situations. You cannot own a qualified annuity in joint tenancy. You can buy a contract if you are 90 or younger. When you apply, you may select (if available in your state): - GPAs, the regular fixed account(1), subaccounts and/or the Special DCA fixed account in which you want to invest; - how you want to make purchase payments; - a beneficiary; - under RAVA 5 Advantage, the length of the surrender charge period (seven or ten years); - one of the following optional death benefit riders: - ROPP Death Benefit; - MAV Death Benefit; - 5-Year MAV Death Benefit; - 5% Accumulation Death Benefit; or - Enhanced Death Benefit. - One of the following additional optional death benefit riders: - Benefit Protector Death Benefit(2); or - Benefit Protector Plus Death Benefit(2); -------------------------------------------------------------------------------- 20 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS - one of the following optional living benefit riders that require the use of the PN program: - Accumulation Protector Benefit; or - SecureSource Stages 2. (1) For RAVA 5 Access contracts, you cannot select the regular fixed account unless it is included in a PN program investment option you selected. Under the current PN program, the regular fixed account is not included in the investment options. (2) Not available with the 5% Accumulation or Enhanced Death Benefits. The contracts provide for allocation of purchase payments to the subaccounts of the variable account, to the GPAs, to the regular fixed account (if available) and/or to the Special DCA fixed account subject to the $1,000 required minimum investment for the GPAs. We currently allow you to allocate the total amount of purchase payment to the regular fixed account for RAVA 5 Advantage and RAVA 5 Select. We reserve the right to limit purchase payment allocations to the regular fixed account at any time on a non-discriminatory basis with notification, subject to state restrictions. You cannot allocate purchase payments to the fixed account for six months following a partial surrender from the fixed account, a lump sum transfer from the regular fixed account, or termination of automated transfers from the Special DCA fixed account prior to the end of the Special DCA fixed account term. For RAVA 5 Access contracts, you cannot allocate purchase payments to the regular fixed account unless it is included in a PN program investment option you selected. Under the current PN program, the regular fixed account is not included in the investment options. (See "Purchase Payments.") If your application is complete, we will process it and apply your purchase payment to your investment selections within two business days after we receive it at our corporate office. If we accept your application, we will send you a contract. If your application is not complete, you must give us the information to complete it within five business days. If we cannot accept your application within five business days, we will decline it and return your payment unless you specifically ask us to keep the payment and apply it once your application is complete. We will credit additional purchase payments you make to your accounts on the valuation date we receive them. If we receive an additional purchase payment at our corporate office before the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the valuation date we received the payment. If we receive an additional purchase payment at our corporate office at or after the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the next valuation date after we received the payment. You may make regular payments to your contract under a scheduled payment plan. You must make an initial purchase payment of $1,000, $2,000 or $10,000 depending on the product and tax qualification (see "Buying Your Contract -- Purchase Payments"). Then, to begin the scheduled payment plan, you will complete and send a form and your first scheduled payment plan payment along with your application. There is no charge for the scheduled payment plan. You can stop your scheduled payment plan payments at any time. THE ANNUITIZATION START DATE Annuity payouts begin on the annuitization start date. This means that the contract will be annuitized or converted to a stream of monthly payments. If your contract is annuitized, the contract goes into payout and only the annuity payout provisions continue. Unless annuity payout Plan E is selected, you will no longer have access to your contract value. This means that the death benefit and any optional benefits you have elected will end. When we process your application, we will establish the annuitization start date to be the maximum age (or contract anniversary if applicable). You also can change the annuitization start date, provided you send us written instructions at least 30 days before annuity payouts begin. The annuitization start date must be: - no earlier than the 30th day after the contract's effective date; and no later than - the owner's 95th birthday or the tenth contract anniversary, if later, - or such other date as agreed to by us. Six months prior to your annuitization date, we will contact you with your options including the option to postpone your annuitization start date to a future date. You can also choose to delay the annuitization of your contract beyond age 95 indefinitely, to the extent allowed by applicable tax laws. If you do not make an election, annuity payouts using the contract's default option of annuity payout Plan B - Life with 10 years certain will begin on the annuitization start date and your monthly annuity payments will continue for as long as the annuitant lives. If the annuitant does not survive 10 years, beneficiaries will continue to receive payments until 10 years of payments have been made. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 21 If you own a qualified annuity (for example, an IRA) and tax laws require that you take distributions from your annuity prior to your new annuitization start date, your contract will not be automatically annuitized. However, if you choose, you can elect to request annuitization or take surrenders to meet your required minimum distributions. Please see "SecureSource Stages 2 -- Other Provisions" section regarding options under this rider at the annuitization start date. BENEFICIARY We will pay to your named beneficiary the death benefit if it becomes payable while the contract is in force and before the annuitization start date. If there is more than one beneficiary we will pay each beneficiary's designated share when we receive their completed claim. A beneficiary will bear the investment risk of the variable account until we receive the beneficiary's completed claim. If there is no named beneficiary, then the default provisions of your contract will apply. (See "Benefits in Case of Death" for more about beneficiaries.) If you select the SecureSource Stages 2 - Joint Life rider, please consider carefully whether or not you wish to change the beneficiary of your annuity contract. The rider will terminate if the surviving covered spouse can not utilize the spousal continuation provision of the contract when the death benefit is payable. PURCHASE PAYMENTS Purchase payment amounts and purchase payment timing may vary by state and be limited under the terms of the contract. If we do not receive your initial purchase payment within 180 days from the application signed date, we will consider your contract void from the start. MINIMUM INITIAL PURCHASE PAYMENTS
RAVA 5 RAVA 5 RAVA 5 ADVANTAGE SELECT ACCESS --------- ------- ------- QUALIFIED ANNUITIES.............................................. $1,000 $ 2,000 $ 2,000 NONQUALIFIED ANNUITIES........................................... $2,000 $10,000 $10,000
MINIMUM ADDITIONAL PURCHASE PAYMENTS $50
MAXIMUM TOTAL PURCHASE PAYMENTS* (without corporate office approval) based on your age on the effective date of the payment: For the first year and total: through age 85............................................................. $1,000,000 for ages 86 to 90.......................................................... $ 100,000 age 91 or older............................................................ $ 0 For each subsequent year: through age 85............................................................. $ 100,000 for ages 86 to 90.......................................................... $ 50,000 age 91 or older............................................................ $ 0
* These limits apply in total to all RiverSource Life annuities you own unless a higher amount applies to your contract. We reserve the right to waive or increase the maximum limit. For qualified annuities, the Code's limits on annual contributions also apply. Additional purchase payments for inherited IRA contracts cannot be made unless the payment is IRA money inherited from the same decedent. Additional purchase payment restrictions for contracts with the Accumulation Protector Benefit rider Additional purchase payments for contracts with the Accumulation Protector Benefit rider are not allowed during the waiting period except for the first 180 days (1) immediately following the effective date and (2) following the last contract anniversary for each elective step up. Additional purchase payment restrictions for contracts with the SecureSource Stages 2 rider The riders prohibit additional purchase payments while the rider is effective, if (1) you decline a rider fee increase, or (2) the Annual Lifetime Payment (ALP) is established and your contract value on an anniversary is less than four times the ALP. (For the purpose of this calculation only, the ALP is determined using percentage B, as described under "Optional Living Benefits -- SecureSource Stages 2 Riders.") Subject to state restrictions, we reserve the right to change the above purchase payment limitations, including making further restrictions, upon written notice. -------------------------------------------------------------------------------- 22 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS HOW TO MAKE PURCHASE PAYMENTS 1 BY LETTER Send your check along with your name and contract number to: RIVERSOURCE LIFE INSURANCE COMPANY 70100 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS, MN 55474 2 BY SCHEDULED PAYMENT PLAN We can help you set up a bank authorization. LIMITATIONS ON USE OF CONTRACTS If mandated by applicable law, including but not limited to, federal anti-money laundering laws, we may be required to reject a purchase payment. We may also be required to block an owner's access to contract values and satisfy other statutory obligations. Under these circumstances, we may refuse to implement requests for transfers, surrenders or death benefits until instructions are received from the appropriate governmental authority or court of competent jurisdiction. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 23 CHARGES CONTRACT ADMINISTRATIVE CHARGE We charge this fee for establishing and maintaining your records. Currently, we deduct $30 from your contract value on your contract anniversary or, if earlier, when the contract is fully surrendered. We prorate this charge among the GPAs, the fixed account and the subaccounts in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase this charge after the first contract anniversary to a maximum of $50. We will waive this charge when your contract value is $50,000 or more on the current contract anniversary. We reserve the right to charge up to $20 after the first contract anniversary for contracts with contract value of $50,000 or more. If you take a full surrender of your contract, we will deduct the charge at the time of surrender regardless of the contract value. This charge does not apply to amounts applied to an annuity payment plan or to the death benefit (other than when deducted from the Full Surrender Value component of the death benefit). MORTALITY AND EXPENSE RISK FEE We charge this fee daily to the subaccounts. The unit values of your subaccounts reflect this fee. These fees cover the mortality and expense risk that we assume. These fees do not apply to the GPAs or the fixed account. We cannot increase these fees. The mortality and expense risk fee you pay is based on the product you choose, the death benefit guarantee in effect and the surrender charge schedule that applies to your contract. RAVA 5 ADVANTAGE WITH TEN-YEAR SURRENDER CHARGE SCHEDULE
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 0.85% ROPP Death Benefit(1) 1.20 MAV Death Benefit 1.10 5-year MAV Death Benefit 0.95 5% Accumulation Death Benefit 1.25 Enhanced Death Benefit 1.30
RAVA 5 ADVANTAGE WITH SEVEN-YEAR SURRENDER CHARGE
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 0.95% ROPP Death Benefit(1) 1.30 MAV Death Benefit 1.20 5-year MAV Death Benefit 1.05 5% Accumulation Death Benefit 1.35 Enhanced Death Benefit 1.40
RAVA 5 SELECT
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 1.20% ROPP Death Benefit(1) 1.55 MAV Death Benefit 1.45 5-year MAV Death Benefit 1.30 5% Accumulation Death Benefit 1.60 Enhanced Death Benefit 1.65
-------------------------------------------------------------------------------- 24 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS RAVA 5 ACCESS
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 1.35% ROPP Death Benefit(1) 1.70 MAV Death Benefit 1.60 5-year MAV Death Benefit 1.45 5% Accumulation Death Benefit 1.75 Enhanced Death Benefit 1.80
(1) Only available for purchase as an optional rider for ages 80 or older on the rider effective date. Mortality risk arises because of our guarantee to pay a death benefit and our guarantee to make annuity payouts according to the terms of the contract, no matter how long a specific owner or annuitant lives and no matter how long our entire group of owners or annuitants live. If, as a group, owners or annuitants outlive the life expectancy we assumed in our actuarial tables, we must take money from our general assets to meet our obligations. If, as a group, owners or annuitants do not live as long as expected, we could profit from the mortality risk fee. We deduct the mortality risk fee from the subaccounts during the annuity payout period even if the annuity payout plan does not involve a life contingency. Expense risk arises because we cannot increase the contract administrative charge more than $20 per contract and this charge may not cover our expenses. We would have to make up any deficit from our general assets. We could profit from the expense risk fee if future expenses are less than expected. The subaccounts pay us the mortality and expense risk fee they accrued as follows: - first, to the extent possible, the subaccounts pay this fee from any dividends distributed from the funds in which they invest; - then, if necessary, the funds redeem shares to cover any remaining fees payable. We may use any profits we realize from the subaccounts' payment to us of the mortality and expense risk fee for any proper corporate purpose, including, among others, payment of distribution (selling) expenses. We do not expect that the surrender charge for RAVA 5 Advantage or RAVA 5 Select, discussed in the following paragraphs, will cover sales and distribution expenses. SURRENDER CHARGE If you surrender all or part of your contract before the annuitization start date, we may deduct a surrender charge. For RAVA 5 Advantage, a surrender charge applies if all or part of the surrender amount is from purchase payments we received within seven or ten years before surrender. You select the surrender charge period at the time of your application for the contract. For RAVA 5 Select, a surrender charge applies if you surrender all or part of your contract value in the first four contract years. There is no surrender charge for RAVA 5 Access. The surrender charge percentages that apply to you are shown in your contract. If you are buying a new contract as an inherited IRA, please consider carefully your surrender charge selection. Surrender charges for an inherited IRA are only waived for life time RMD amounts, not for a 5 year distribution. You may surrender an amount during any contract year without a surrender charge. We call this amount the total free amount (FA). The FA varies depending on whether your contract includes the SecureSource Stages 2 rider: CONTRACT WITHOUT SECURESOURCE STAGES 2 RIDER The FA is the greater of: - 10% of the contract value on the prior contract anniversary, less any prior surrenders taken in the current contract year; or - current contract earnings. During the first contract year, the FA is the greater of: - 10% of all purchase payments applied prior to your surrender request, less any amounts surrendered prior to your surrender request that represent the FA; or - current contract earnings. CONTRACT WITH SECURESOURCE STAGES 2 RIDER The FA is the greatest of: - 10% of the contract value on the prior contract anniversary less any prior surrenders taken in the current contract year; -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 25 - current contract earnings; or - the Remaining Annual Lifetime Payment. During the first contract year, the FA is the greatest of: - 10% of all purchase payments applied prior to your surrender request, less any amounts surrendered prior to your surrender request that represent the FA; - current contract earnings; or - the Remaining Annual Lifetime Payment. Amounts surrendered in excess of the FA may be subject to a surrender charge as described below. SURRENDER CHARGE UNDER RAVA 5 ADVANTAGE: A surrender charge will apply if the amount you surrender includes any of your prior purchase payments that are still within their surrender charge schedule. To determine whether your surrender includes any of your prior purchase payments that are still within their surrender charge schedule, we surrender amounts from your contract in the following order: 1. First, we surrender the FA. Contract earnings are surrendered first, followed by purchase payments. We do not assess a surrender charge on the FA. We surrender payments that are considered part of the FA on a first-in, first- out (FIFO) basis. 2. Next, we surrender purchase payments received that are beyond the surrender charge period shown in your contract. We surrender these payments on a FIFO basis. We do not assess a surrender charge on these payments. 3. Finally, we surrender any additional purchase payments received that are still within the surrender charge period shown in your contract. We surrender these payments on a FIFO basis. We do assess a surrender charge on these payments. The amount of purchase payments surrendered is calculated using a prorated formula based on the percentage of contract value being surrendered. As a result, the amount of purchase payments surrendered may be greater than the amount of contract value surrendered. We determine your surrender charge by multiplying each of your payments surrendered which could be subject to a surrender charge by the applicable surrender charge percentage (see "Expense Summary"), and then adding the total surrender charges. SURRENDER CHARGE UNDER RAVA 5 SELECT: A surrender charge will apply if you surrender some or all of your contract value during the first four contract years. The surrender charge amount is determined by multiplying purchase payments surrendered which could be subject to a surrender charge by the applicable surrender charge percentage. 1. First we surrender the FA. Contract earnings are surrendered first, followed by purchase payments. We do not assess a surrender charge on the FA. 2. Next, if necessary, we surrender purchase payments. We do assess a surrender charge on these payments during the first four contract years. The amount of purchase payments surrendered is calculated using a prorated formula based on the percentage of contract value being surrendered. As a result, the amount of purchase payments surrendered may be greater than the amount of contract value surrendered. SURRENDER CHARGE UNDER RAVA 5 ACCESS: There is no surrender charge if you surrender all or part of your contract. PARTIAL SURRENDERS: For a partial surrender, we will determine the amount of contract value that needs to be surrendered, which after any surrender charge and any positive or negative market value adjustment, will equal the amount you request. For an example, see Appendix C. WAIVER OF SURRENDER CHARGES We do not assess surrender charges for: - surrenders each year that represent the total free amount for that year; - required minimum distributions from a qualified annuity to the extent that they exceed the free amount. The amount on which surrender charges are waived can be no greater than the RMD amount calculated under your specific contract currently in force. Surrender charges for an inherited IRA are only waived for life time RMD amounts, not for a 5 year distribution; -------------------------------------------------------------------------------- 26 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS - amounts applied to an annuity payment plan (EXCEPTION: As described below, if you select annuity payout Plan E, and choose later to surrender the value of your remaining annuity payments, we will assess a surrender charge.) - surrenders made as a result of one of the "Contingent events" described below to the extent permitted by state law (see your contract for additional conditions and restrictions). Waiver of surrender charges for Contingent events will not apply to Tax Free Exchanges, rollovers and transfers to another annuity contract; - amounts we refund to you during the free look period; and - death benefits. CONTINGENT EVENTS - Surrenders you make if you are confined to a hospital or nursing home and have been for the prior 60 days or confinement began within 30 days following a 60 day confinement period. Such confinement must begin after the contract issue date. Your contract will include this provision when you are under age 76 at contract issue. You must provide us with a letter containing proof satisfactory to us of the confinement as of the date you request the surrender. We must receive your surrender request no later than 91 days after your release from the hospital or nursing home. The amount surrendered must be paid directly to you. - Surrenders you make if you are disabled with a medical condition and are diagnosed in the second or later contract years, with reasonable medical certainty, that the disability will result in death within 12 months or less from the date of the diagnosis. You must provide us with a licensed physician's statement containing the terminal illness diagnosis, the expected date of death and the date the terminal illness was initially diagnosed. The amount surrendered must be paid directly to you. SURRENDER CHARGE UNDER ANNUITY PAYOUT PLAN E -- PAYOUTS FOR A SPECIFIED PERIOD: If you are receiving variable annuity payments under this annuity payout plan, you can choose to take a surrender. The amount that you can surrender is the present value of any remaining variable payouts. The discount rate we use in the calculation will be 5.17% if the assumed investment return is 3.5% and 6.67% if the assumed investment return is 5%. The surrender charge equals the present value of the remaining payouts using the assumed investment return minus the present value of the remaining payouts using the discount rate. (See "Charges -- Surrender Charge" and "The Annuity Payout Period -- Annuity Payout Plans".) OTHER INFORMATION ON CHARGES: Ameriprise Financial, Inc. makes certain custodial services available to some profit sharing, money purchase and target benefit plans funded by our annuities. Fees for these services start at $30 per calendar year per participant. Ameriprise Financial, Inc. will charge a termination fee for owners under age 59 1/2 (fee waived in case of death or disability). POSSIBLE GROUP REDUCTIONS: In some cases we may incur lower sales and administrative expenses due to the size of the group, the average contribution and the use of group enrollment procedures. In such cases, we may be able to reduce or eliminate certain charges such as the contract administrative and surrender charges. However, we expect this to occur infrequently. OPTIONAL LIVING BENEFIT CHARGES SECURESOURCE STAGES 2 RIDER CHARGE We deduct an annual charge for this optional feature only if you select it as follows: - SecureSource Stages 2 - Single Life rider, 0.95% - SecureSource Stages 2 - Joint Life rider, 1.15% The charge is based on the greater of the benefit base (BB) or the anniversary contract value, but not more than the maximum BB of $10,000,000. We deduct the charge from your contract value on your contract anniversary. We prorate this charge among all accounts and subaccounts in the same proportion as your interest in each bears to your total contract value. We will modify this prorated approach to comply with state regulations where necessary. Once you elect the SecureSource Stages 2 rider, you may not cancel it (except as described below), and the charge will continue to be deducted until the contract or rider is terminated or until the contract value reduces to zero. If the contract or rider is terminated for any reason, we will deduct the charge, adjusted for the number of calendar days coverage was in place since we last deducted the charge. Currently the SecureSource Stages 2 rider fee does not vary with the PN program investment option selected; however, we reserve the right to vary the rider fee for each investment option. The SecureSource Stages 2 - Single Life rider fee will not exceed a maximum of 1.75%. The SecureSource Stages 2 - Joint Life rider fee will not exceed a maximum of 2.25%. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 27 The following describes how your annual rider fee may increase: 1. We may increase the annual rider fee at our discretion and on a nondiscriminatory basis. Your annual rider fee will increase if we declare an increase to the fee with written notice 30 days in advance except as described below. The new fee will be in effect on the date we declare in the written notice. (A) You can decline this increase and therefore all future fee increases if we receive your written request prior to the date of the fee increase, in which case you permanently relinquish: (i) all future annual step-ups, and for the Joint Life rider, spousal continuation step-ups, (ii) any ability to make additional purchase payments, (iii) any future rider credits, and the credit base (CB) will be permanently reset to zero, (iv) any increase to the lifetime payment percentage due to changing age bands on subsequent birthdays and rider anniversaries, and (v) the ability to change your investment option to one that is more aggressive than your current investment option. Any change to a less aggressive investment option will further limit the investment options available to the then current and less aggressive investment options. (B) You can terminate this rider if your annual rider fee after any increase is more than 0.25 percentage points higher that your fee before the increase and if we receive your written request to terminate the rider prior to the date of the fee increase. 2. Your annual rider fee may increase if you elect to change to a more aggressive investment option than your current investment option and if the new investment option has a higher current annual rider fee. The annual rider fees associated with the available investment option may change at our discretion, however these changes will not apply to this rider unless you change your current investment option to a more aggressive one. The new fee will be in effect on the valuation date we receive your written request to change your investment option. You cannot decline this type of fee increase. To avoid it, you must stay in the same investment option or move to a less aggressive one. Also, this type of fee increase does not allow you to terminate the rider. If your rider fee increases, on the next contract anniversary, we will calculate an average rider fee, for the preceding contract year only, that reflects the various different fees that were in effect that year, adjusted for the number of calendar days each fee was in effect. The fee does not apply after the annuitization start date. ACCUMULATION PROTECTOR BENEFIT RIDER CHARGE We deduct an annual charge for this optional feature only if you select it. If selected, we deduct an annual charge based on a fee of 1.50%(1) of the greater of your contract value or the minimum contract accumulation value on your contract anniversary. We prorate this fee among all accounts and subaccounts in the same proportion as your interest in each bears to your total contract value. We will modify this prorated approach to comply with state regulations where necessary. Once you elect the Accumulation Protector Benefit rider, you may not cancel it and the charge will continue to be deducted through the end of the waiting period. If the contract or rider is terminated for any reason, we will deduct the charge, adjusted for the number of calendar days coverage was in place since we last deducted the charge. Currently, the Accumulation Protector Benefit rider fee does not vary with the PN program investment option selected; however, we reserve the right to vary the rider fee for each investment option. The Accumulation Protector Benefit rider fee will not exceed a maximum of 1.75%. We may increase the annual rider fee at our discretion and on a nondiscriminatory basis, independent of the fee in effect for new sales. We will not change the Accumulation Protector Benefit rider fee in effect on your contract after the rider effective date unless: (a) you choose the annual elective step up or elective spousal continuation step up after we have exercised our rights to increase the rider fee; or (b) you change your PN program investment option after we have exercised our rights to increase the rider fee or vary the rider fee for each investment option. If you choose the elective step up, the elective spousal continuation step up, or change your PN program investment option after we have exercised our rights to increase the rider fee as described above, you will pay the fee that is in effect on the valuation date we receive your written request to step up or change your investment option. On the next contract anniversary, we will calculate an average rider fee, for the preceding contract year only, that reflects the various different fees that were in effect that year, adjusted for the number of calendar days each fee was in effect. -------------------------------------------------------------------------------- 28 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS The fee does not apply after the benefit date or after the annuitization start date. (1) For contract applications signed prior to Oct. 4, 2010, the current fee is 1.25%. OPTIONAL DEATH BENEFIT CHARGES BENEFIT PROTECTOR RIDER CHARGE We deduct a charge for this optional feature only if you select it. If selected, we deduct an annual fee of 0.25% of your contract value on your contract anniversary. We prorate this charge among all accounts and subaccounts in the same proportion your interest in each account bears to your total contract value. We will modify this prorated approach to comply with state regulations when necessary. If the contract or rider is terminated for any reason except your election to terminate the rider during the 30 day window after certain anniversaries, we will deduct the charge from the contract value adjusted for the number of calendar days coverage was in place during the contract year. We cannot increase this annual fee after the rider effective date. BENEFIT PROTECTOR PLUS RIDER CHARGE We deduct a charge for this optional feature only if you select it. If selected, we deduct an annual fee of 0.40% of your contract value on your contract anniversary. We prorate this charge among all accounts and subaccounts in the same proportion your interest in each account bears to your total contract value We will modify this prorated approach to comply with state regulations when necessary. If the contract or rider is terminated for any reason except your election to terminate the rider during the 30 day window after certain anniversaries, we will deduct the charge from the contract value adjusted for the number of calendar days coverage was in place during the contract year. We cannot increase this annual fee after the rider effective date. FUND FEES AND EXPENSES There are deductions from and expenses paid out of the assets of the funds that are described in the prospectuses for those funds. (See "Annual Operating Expenses of the Funds.") PREMIUM TAXES Certain state and local governments impose premium taxes on us (up to 3.5%). These taxes depend upon your state of residence or the state in which the contract was sold. Currently, we deduct any applicable premium tax when annuity payouts begin, but we reserve the right to deduct this tax at other times such as when you surrender your contract. VALUING YOUR INVESTMENT We value your accounts as follows: GPA We value the amounts you allocate to the GPA directly in dollars. The GPA value equals: - the sum of your purchase payments and transfer amounts allocated to the GPA; - plus interest credited; - minus the sum of amounts surrendered (including any applicable surrender charges) and amounts transferred out; - minus any prorated portion of the contract administrative charge; and - minus the prorated portion of the charge for any of the following optional benefits you have selected: - Benefit Protector Death Benefit; - Benefit Protector Plus Death Benefit; - Accumulation Protector Benefit rider; or - SecureSource Stages 2 rider. THE FIXED ACCOUNT We value the amounts you allocate to the fixed account directly in dollars. The value of the fixed account equals: - the sum of your purchase payments allocated to the regular fixed account and the Special DCA fixed account, and transfer amounts to the regular fixed account (including any positive or negative MVA on amounts transferred from the GPAs); - plus interest credited; - minus the sum of amounts surrendered (including any applicable surrender charges) and amounts transferred out; -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 29 - minus any prorated portion of the contract administrative charge; and - minus any prorated portion of the charge for any of the following optional benefits you have selected: - Benefit Protector Death Benefit; - Benefit Protector Plus Death Benefit; - Accumulation Protector Benefit rider; or - SecureSource Stages 2 rider. SUBACCOUNTS We convert amounts you allocated to the subaccounts into accumulation units. Each time you make a purchase payment or transfer amounts into one of the subaccounts, we credit a certain number of accumulation units to your contract for that subaccount. Conversely, we subtract a certain number of accumulation units from your contract each time you take a partial surrender, transfer amounts out of a subaccount, or we assess a contract administrative charge, a surrender charge or fee for any optional riders with annual charges (if applicable). The accumulation units are the true measure of investment value in each subaccount during the accumulation period. They are related to, but not the same as, the net asset value of the fund in which the subaccount invests. The dollar value of each accumulation unit can rise or fall daily depending on the variable account expenses, performance of the fund and on certain fund expenses. Here is how we calculate accumulation unit values: NUMBER OF UNITS: to calculate the number of accumulation units for a particular subaccount we divide your investment by the current accumulation unit value. ACCUMULATION UNIT VALUE: the current accumulation unit value for each subaccount equals the last value times the subaccount's current net investment factor. WE DETERMINE THE NET INVESTMENT FACTOR BY: - adding the fund's current net asset value per share, plus the per share amount of any accrued income or capital gain dividends to obtain a current adjusted net asset value per share; then - dividing that sum by the previous adjusted net asset value per share; and - subtracting the percentage factor representing the mortality and expense risk fee from the result. Because the net asset value of the fund may fluctuate, the accumulation unit value may increase or decrease. You bear all the investment risk in a subaccount. FACTORS THAT AFFECT SUBACCOUNT ACCUMULATION UNITS: accumulation units may change in two ways -- in number and in value. The number of accumulation units you own may fluctuate due to: - additional purchase payments you allocate to the subaccounts; - transfers into or out of the subaccounts (including any positive or negative MVA on amounts transferred from the GPAs); - partial surrenders; - surrender charges; and a deduction of a prorated portion of: - the contract administrative charge; and - the charge for any of the following optional benefits you have selected.: - Benefit Protector Death Benefit; - Benefit Protector Plus Death Benefit; - Accumulation Protector Benefit rider; or - SecureSource Stages 2 rider. Accumulation unit values will fluctuate due to: - changes in fund net asset value; - fund dividends distributed to the subaccounts; - fund capital gains or losses; - fund operating expenses; and/or - mortality and expense risk fees. -------------------------------------------------------------------------------- 30 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS MAKING THE MOST OF YOUR CONTRACT AUTOMATED DOLLAR-COST AVERAGING Currently, you can use automated transfers to take advantage of dollar-cost averaging (investing a fixed amount at regular intervals). For example, you might transfer a set amount monthly from a relatively conservative subaccount to a more aggressive one, or to several others, or from the regular fixed account to one or more subaccounts. You may not set up automated transfers to or from the GPAs or set up an automated transfer to the regular fixed account. You can also obtain the benefits of dollar-cost averaging by setting up regular automatic payments under a scheduled payment plan. There is no charge for dollar-cost averaging. This systematic approach can help you benefit from fluctuations in accumulation unit values caused by fluctuations in the market values of the funds. Since you invest the same amount each period, you automatically acquire more units when the market value falls and fewer units when it rises. The potential effect is to lower your average cost per unit. HOW DOLLAR-COST AVERAGING WORKS
NUMBER By investing an equal number AMOUNT ACCUMULATION OF UNITS of dollars each month ... MONTH INVESTED UNIT VALUE PURCHASED Jan $100 $20 5.00 Feb 100 18 5.56 you automatically buy Mar 100 17 5.88 more units when the (ARROW) Apr 100 15 6.67 per unit market price is low May 100 16 6.25 June 100 18 5.56 July 100 17 5.88 and fewer units Aug 100 19 5.26 when the per unit (ARROW) Sept 100 21 4.76 market price is high Oct 100 20 5.00
You paid an average price of $17.91 per unit over the 10 months, while the average market price actually was $18.10. Dollar-cost averaging does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. Because dollar-cost averaging involves continuous investing, your success will depend upon your willingness to continue to invest regularly through periods of low price levels. Dollar-cost averaging can be an effective way to help meet your long-term goals. For specific features contact your financial advisor. Dollar-cost averaging as described in this section is not available when the PN program is in effect. However, subject to certain restrictions, dollar-cost averaging is available through the Special DCA fixed account. See the "Special DCA Fixed Account" and "Portfolio Navigator Program" sections in this prospectus for details. ASSET REBALANCING You can ask us in writing to automatically rebalance the subaccount portion of your contract value either quarterly, semiannually, or annually. The period you select will start to run on the date we record your request. On the first valuation date of each of these periods, we automatically will rebalance your contract value so that the value in each subaccount matches your current subaccount percentage allocations. These percentage allocations must be in whole numbers. There is no charge for asset rebalancing. The contract value must be at least $2,000. You can change your percentage allocations or your rebalancing period at any time by contacting us in writing. We will restart the rebalancing period you selected as of the date we record your change. You also can ask us in writing to stop rebalancing your contract value. You must allow 30 days for us to change any instructions that currently are in place. For more information on asset rebalancing, contact your financial advisor. Different rules apply to asset rebalancing under the Portfolio Navigator program (see "Portfolio Navigator Program" below). As long as you are not participating in a PN program, asset rebalancing is available for use with the Special DCA fixed account (see "Special DCA Fixed Account") only if your subaccount allocation for asset rebalancing is exactly the same as your subaccount allocation for transfers from the Special DCA fixed account. If you change your subaccount allocations under -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 31 the asset rebalancing program or the Special DCA fixed account, we will automatically change the subaccount allocations so they match. If you do not wish to have the subaccount allocation be the same for the asset rebalancing program and the Special DCA fixed account, you must terminate the asset rebalancing program or the Special DCA fixed account, as you may choose. PORTFOLIO NAVIGATOR PROGRAM (PN PROGRAM) Under the PN program for living benefit riders your contract value is currently allocated to one of five investment options, each of which is a fund of funds which invests in underlying funds in proportions that vary among the funds of funds in light of each fund of funds' investment objective ("Portfolio Navigator funds"). The PN program is available for nonqualified annuities and for qualified annuities. You are required to participate in the PN program if your contract includes an optional Accumulation Protector Benefit rider or SecureSource Stages 2 rider. If your contract does not include one of these riders, you may not participate in the PN Program; but you may choose to allocate your contract value to one or more of the Portfolio Navigator funds without being in the PN program. You should review any PN program information, including the prospectus for the funds of funds, carefully. Your financial advisor can provide you with additional information and can answer questions you may have on the PN program. THE PORTFOLIO NAVIGATOR FUNDS. Each of the Portfolio Navigator funds is a fund of funds with the investment objective of seeking a high level of total return consistent with a certain level of risk by investing in various underlying funds. The funds of funds have objectives ranging from Conservative to Aggressive, and are managed within asset class allocation targets and with a broad multi-manager approach. Columbia Management Investment Advisers is the investment adviser of each of the funds of funds, and Columbia Management Investment Advisers or an affiliate is the investment adviser of each of the underlying funds in which the funds of funds invest. Morningstar Associates, LLC serves as an independent consultant to Columbia Management Investment Advisers to provide recommendations regarding portfolio construction and ongoing analysis of the funds of funds. Neither Columbia Management Investment Advisers nor Morningstar Associates, LLC serves as your investment adviser as to the allocation of your contract value under the PN program. Some of the underlying funds are managed on a day-to-day basis directly by Columbia Management Investment Advisers and some are managed by one or more affiliated or unaffiliated sub-advisers, subject to the oversight of Columbia Management Investment Advisers and the fund's board of trustees. Below are the target asset allocation weights (between equity and fixed income/cash underlying funds) for each of the funds of funds: 1. Variable Portfolio - Aggressive Portfolio: 80% Equity / 20% Fixed Income 2. Variable Portfolio - Moderately Aggressive Portfolio: 65% Equity / 35% Fixed Income 3. Variable Portfolio - Moderate Portfolio: 50% Equity / 50% Fixed Income 4. Variable Portfolio - Moderately Conservative Portfolio: 35% Equity / 65% Fixed Income 5. Variable Portfolio - Conservative Portfolio: 20% Equity / 80% Fixed Income FUND OF FUNDS CONFLICTS OF INTEREST. In providing investment advisory services for the funds of funds and the underlying funds in which the funds of funds invest, Columbia Management Investment Advisers is, together with its affiliates, including us, subject to competing interests that may influence its decisions. These competing interests typically arise because Columbia Management Investment Advisers or one of its affiliates serves as the investment adviser to the underlying funds and may provide other services in connection with such underlying funds, and because the compensation we and our affiliates receive for providing these investment advisory and other services varies depending on the underlying fund. For additional information about the conflicts of interest to which Columbia Management Investment Advisers and its affiliates are subject, see the funds of funds prospectus. PARTICIPATING IN THE PN PROGRAM. You are responsible for determining which investment option is best for you. Your financial advisor can help you make this determination, although his or her assistance is not offered in connection with an investment advisory agreement specific to the PN program. In addition, your financial advisor may provide you with an investor questionnaire, a tool to help define your investing style that is based on factors such as your investment goals, your tolerance for risk and how long you intend to invest. Your responses to the investor questionnaire can help you determine which investment option most closely matches your investing style. While the scoring of the investor questionnaire is objective, there is no guarantee that your responses to the investor questionnaire accurately reflect your tolerance for risk. Similarly, there is no guarantee that the fund of funds you select or have selected after completing the investor questionnaire is appropriate to your ability to withstand investment risk. RiverSource Life is not responsible for your selection of a specific investment option, or your decision to change to a different investment option. -------------------------------------------------------------------------------- 32 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS Currently, there are five Portfolio Navigator funds, ranging from conservative to aggressive. You may not use more than one investment option at a time. If you initially allocate qualifying purchase payments to the Special DCA fixed account, when available (see "The Special DCA Fixed Account"), and you are participating in the PN program, we will make monthly transfers in accordance with your instructions from the Special DCA fixed account into the investment option you have chosen. You may request a change to your fund of funds up to twice per contract year by written request on an authorized form or by another method agreed to by us. If your contract includes an optional Accumulation Protector Benefit or SecureSource Stages 2 rider and you make such a change, we may charge you a higher fee for your rider. (See "Charges -- Optional Living Benefit Charges") If your contract includes SecureSource Stages 2 rider, we reserve the right to limit the number of changes if required to comply with the written instructions of a fund (see "Making the Most of Your Contract -- Transferring Among Accounts -- Market Timing"). If your contract includes the SecureSource Stages 2 rider, we reserve the right to limit the number of investment options from which you can select, subject to state restrictions. We reserve the right to change the terms and conditions of the PN program upon written notice to you. This includes but is not limited to the right to: - limit your choice of investment options based on the amount of your initial purchase payment; - cancel required participation in the program after 30 days written notice; and - discontinue the PN program after 30 days written notice. RISKS. Asset allocation through the PN program does not guarantee that your contract will increase in value nor will it protect against a decline in value if market prices fall. By investing in a fund of funds, you may be able to reduce the volatility in your contract value, but there is no guarantee that this will happen. For additional information about the risks of investing in a fund of funds, see the prospectus for funds of funds. LIVING BENEFIT RIDERS REQUIRING PARTICIPATION IN THE PN PROGRAM: If you purchase the optional Accumulation Protector Benefit rider or the optional SecureSource Stages 2 rider, you are required to participate in the PN program (as it now exists or as we may modify it in the future) under the terms of each rider. - ACCUMULATION PROTECTOR BENEFIT RIDER: You cannot terminate the Accumulation Protector Benefit rider. As long as the Accumulation Protector Benefit rider is in effect, your contract value must be invested in one of the investment options. You cannot select the aggressive investment option as your investment option, or transfer to the aggressive investment option while the rider is in effect. The Accumulation Protector Benefit rider automatically ends at the end of the waiting period, and you then have the option to cancel your participation in the PN program. At all other times, if you do not want to participate in any of the investment options, you must terminate your contract by requesting a full surrender. Surrender charges and tax penalties may apply. THEREFORE, YOU SHOULD NOT SELECT THE ACCUMULATION PROTECTOR BENEFIT RIDER IF YOU DO NOT INTEND TO CONTINUE PARTICIPATING IN THE PN PROGRAM UNTIL THE END OF THE WAITING PERIOD. - SECURESOURCE STAGES 2 RIDER: SecureSource Stages 2 rider requires that your contract value be invested in one of the investment options for the life of the contract. Subject to state restrictions, we reserve the right to limit the number of investment options from which you can select based on the dollar amount of purchase payments you make. There is no minimum number of investment options that must be offered in connection with the SecureSource Stages 2 rider. Currently the limitation is five, each a fund of funds, from which you may select one. Because you cannot terminate the SecureSource Stages 2 rider once you have selected it, you must terminate your contract by requesting a full surrender if you do not want to participate in any of the investment options. Surrender charges and tax penalties may apply. THEREFORE, YOU SHOULD NOT SELECT THE SECURESOURCE STAGES 2 RIDER IF YOU DO NOT INTEND TO CONTINUE PARTICIPATING IN THE PN PROGRAM FOR THE LIFE OF THE CONTRACT. TRANSFERRING AMONG ACCOUNTS The transfer rights discussed in this section do not apply while the PN program is in effect. You may transfer contract value from any one subaccount, GPAs, the regular fixed account and the Special DCA fixed account, to another subaccount before the annuitization start date. For RAVA 5 Advantage and RAVA 5 Select contracts, certain restrictions apply to transfers involving the GPAs and the regular fixed account. For RAVA 5 Access contracts, you cannot transfer to the regular fixed account unless it is included in PN program investment option that you selected. Under the current PN program, the regular fixed account is not included in the investment options. You may not transfer contract value to the Special DCA fixed account. You may not transfer contract value from the Special DCA fixed account except as part of automated monthly transfers. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 33 The date your request to transfer will be processed depends on when we receive it: - If we receive your transfer request at our corporate office in good order before the close of business, we will process your transfer using the accumulation unit value we calculate on the valuation date we received your transfer request. - If we receive your transfer request at our corporate office in good order at or after the close of business, we will process your transfer using the accumulation unit value we calculate on the next valuation date after we received your transfer request. There is no charge for transfers. Before making a transfer, you should consider the risks involved in changing investments. Transfers out of the GPAs will be subject to an MVA if done more than 30 days before the end of the guarantee period, unless an exception applies. We may suspend or modify transfer privileges at any time, subject to state regulatory requirements. For information on transfers after annuity payouts begin, see "Transfer policies" below. TRANSFER POLICIES FOR RAVA 5 ADVANTAGE AND RAVA 5 SELECT - Before the annuitization start date, you may transfer contract values between the subaccounts, or from the subaccounts to the GPAs and the regular fixed account at any time. However, if you made a transfer from the regular fixed account to the subaccounts or the GPAs, took a partial surrender from the fixed account or terminated automated transfers from the Special DCA fixed account, you may not make a transfer from any subaccount or GPA to the regular fixed account for six months following that transfer, partial surrender or termination. - You may transfer contract values from the regular fixed account to the subaccounts or the GPAs once a year on or within 30 days before or after the contract anniversary (except for automated transfers, which can be set up at any time for certain transfer periods subject to certain minimums). Transfers from the regular fixed account are not subject to an MVA. Currently, you may transfer the entire contract value to the regular fixed account. Subject to state restrictions, we reserve the right to limit transfers to the regular fixed account at any time on a non-discriminatory basis with notification. Transfers out of the regular fixed account, including automated transfers, are limited to 30% of regular fixed account value at the beginning of the contract year(1) or $10,000, whichever is greater. Subject to state restrictions, we reserve the right to change the percentage allowed to be transferred from the regular fixed account at any time on a non-discriminatory basis with notification. - You may transfer contract values from a GPA any time after 60 days of transfer or payment allocation to the account. Transfers made more than 30 days before the end of the guarantee period will receive an MVA, which may result in a gain or loss of contract value, unless an exception applies (see "The Guarantee Period Accounts (GPAs) -- Market Value Adjustment (MVA)"). - You may not transfer contract values from the subaccounts, the GPAs or the regular fixed account into the Special DCA fixed account. However, you may transfer contract values as automated monthly transfers from the Special DCA fixed account to the subaccounts or the PN program investment option in effect. (See "Special DCA Fixed Account.") - After the annuitization start date, you may not make transfers to or from the GPAs or the fixed account, but you may make transfers once per contract year among the subaccounts. During the annuity payout period, we reserve the right to limit the number of subaccounts in which you may invest. On the annuitization start date, you must transfer all contract value out of your GPAs and Special DCA fixed account. (1) All purchase payments received into the regular fixed account prior to your transfer request are considered your beginning of contract year value during the first contract year. FOR RAVA 5 ACCESS - Before the annuitization start date, you may transfer contract values between the subaccounts, or from the subaccounts to the GPAs at any time. - You may not make a transfer to the regular fixed account unless it is part of a PN program investment option in which you elect to participate. Under the current PN program, the regular fixed account is not included in the investment options. - You may transfer contract values from a GPA any time after 60 days of transfer or payment allocation to the account. Transfers made more than 30 days before the end of the guarantee period will receive an MVA, which may result in a gain or loss of contract value, unless an exception applies (see "The Guarantee Period Accounts (GPAs) -- Market Value Adjustment (MVA)"). - You may not transfer contract values from the subaccounts or the GPAs into the Special DCA fixed account. However, you may transfer contract values as automated monthly transfers from the Special DCA fixed account to the subaccounts or the PN program investment option in effect. (See "Special DCA Fixed Account.") After the annuitization start date, you may -------------------------------------------------------------------------------- 34 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS not make transfers to or from the GPAs, but you may make transfers once per contract year among the subaccounts. During the annuity payout period, we reserve the right to limit the number of subaccounts in which you may invest. On the annuitization start date, you must transfer all contract value out of your GPAs and Special DCA fixed account. MARKET TIMING Market timing can reduce the value of your investment in the contract. If market timing causes the returns of an underlying fund to suffer, contract value you have allocated to a subaccount that invests in that underlying fund will be lower, too. Market timing can cause you, any joint owner of the contract and your beneficiary(ies) under the contract a financial loss. WE SEEK TO PREVENT MARKET TIMING. MARKET TIMING IS FREQUENT OR SHORT-TERM TRADING ACTIVITY. WE DO NOT ACCOMMODATE SHORT-TERM TRADING ACTIVITIES. DO NOT BUY A CONTRACT IF YOU WISH TO USE SHORT-TERM TRADING STRATEGIES TO MANAGE YOUR INVESTMENT. THE MARKET TIMING POLICIES AND PROCEDURES DESCRIBED BELOW APPLY TO TRANSFERS AMONG THE SUBACCOUNTS WITHIN THE CONTRACT. THE UNDERLYING FUNDS IN WHICH THE SUBACCOUNTS INVEST HAVE THEIR OWN MARKET TIMING POLICIES AND PROCEDURES. THE MARKET TIMING POLICIES OF THE UNDERLYING FUNDS MAY BE MORE RESTRICTIVE THAN THE MARKET TIMING POLICIES AND PROCEDURES WE APPLY TO TRANSFERS AMONG THE SUBACCOUNTS OF THE CONTRACT, AND MAY INCLUDE REDEMPTION FEES. WE RESERVE THE RIGHT TO MODIFY OUR MARKET TIMING POLICIES AND PROCEDURES AT ANY TIME WITHOUT PRIOR NOTICE TO YOU. Market timing may hurt the performance of an underlying fund in which a subaccount invests in several ways, including but not necessarily limited to: - diluting the value of an investment in an underlying fund in which a subaccount invests; - increasing the transaction costs and expenses of an underlying fund in which a subaccount invests; and - preventing the investment adviser(s) of an underlying fund in which a subaccount invests from fully investing the assets of the fund in accordance with the fund's investment objectives. Funds available as investment options under the contract that invest in securities that trade in overseas securities markets may be at greater risk of loss from market timing, as market timers may seek to take advantage of changes in the values of securities between the close of overseas markets and the close of U.S. markets. Also, the risks of market timing may be greater for underlying funds that invest in securities such as small cap stocks, high yield bonds, or municipal securities, that may be traded infrequently. IN ORDER TO HELP PROTECT YOU AND THE UNDERLYING FUNDS FROM THE POTENTIALLY HARMFUL EFFECTS OF MARKET TIMING ACTIVITY, WE APPLY THE FOLLOWING MARKET TIMING POLICY TO DISCOURAGE FREQUENT TRANSFERS OF CONTRACT VALUE AMONG THE SUBACCOUNTS OF THE VARIABLE ACCOUNT: We try to distinguish market timing from transfers that we believe are not harmful, such as periodic rebalancing for purposes of an asset allocation, dollar-cost averaging and asset rebalancing program that may be described in this prospectus. There is no set number of transfers that constitutes market timing. Even one transfer in related accounts may be market timing. We seek to restrict the transfer privileges of a contract owner who makes more than three subaccount transfers in any 90 day period. We also reserve the right to refuse any transfer request, if, in our sole judgment, the dollar amount of the transfer request would adversely affect unit values. If we determine, in our sole judgment, that your transfer activity constitutes market timing, we may modify, restrict or suspend your transfer privileges to the extent permitted by applicable law, which may vary based on the state law that applies to your contract and the terms of your contract. These restrictions or modifications may include, but not be limited to: - requiring transfer requests to be submitted only by first-class U.S. mail; - not accepting hand-delivered transfer requests or requests made by overnight mail; - not accepting telephone or electronic transfer requests; - requiring a minimum time period between each transfer; - not accepting transfer requests of an agent acting under power of attorney; - limiting the dollar amount that you may transfer at any one time; - suspending the transfer privilege; or - modifying instructions under an automated transfer program to exclude a restricted fund if you do not provide new instructions. Subject to applicable state law and the terms of each contract, we will apply the policy described above to all contract owners uniformly in all cases. We will notify you in writing after we impose any modification, restriction or suspension of your transfer rights. We cannot guarantee that we will be able to identify and restrict all market timing activity. Because we exercise discretion in applying the restrictions described above, we cannot guarantee that we will be able to restrict all market timing activity. In -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 35 addition, state law and the terms of some contracts may prevent us from stopping certain market timing activity. Market timing activity that we are unable to identify and/or restrict may impact the performance of the underlying funds and may result in lower contract values. IN ADDITION TO THE MARKET TIMING POLICY DESCRIBED ABOVE, WHICH APPLIES TO TRANSFERS AMONG THE SUBACCOUNTS WITHIN YOUR CONTRACT, YOU SHOULD CAREFULLY REVIEW THE MARKET TIMING POLICIES AND PROCEDURES OF THE UNDERLYING FUNDS. THE MARKET TIMING POLICIES AND PROCEDURES OF THE UNDERLYING FUNDS MAY BE MATERIALLY DIFFERENT THAN THOSE WE IMPOSE ON TRANSFERS AMONG THE SUBACCOUNTS WITHIN YOUR CONTRACT AND MAY INCLUDE MANDATORY REDEMPTION FEES AS WELL AS OTHER MEASURES TO DISCOURAGE FREQUENT TRANSFERS. AS AN INTERMEDIARY FOR THE UNDERLYING FUNDS, WE ARE REQUIRED TO ASSIST THEM IN APPLYING THEIR MARKET TIMING POLICIES AND PROCEDURES TO TRANSACTIONS INVOLVING THE PURCHASE AND EXCHANGE OF FUND SHARES. THIS ASSISTANCE MAY INCLUDE BUT NOT BE LIMITED TO PROVIDING THE UNDERLYING FUND UPON REQUEST WITH YOUR SOCIAL SECURITY NUMBER, TAXPAYER IDENTIFICATION NUMBER OR OTHER UNITED STATES GOVERNMENT-ISSUED IDENTIFIER AND THE DETAILS OF YOUR CONTRACT TRANSACTIONS INVOLVING THE UNDERLYING FUND. AN UNDERLYING FUND, IN ITS SOLE DISCRETION, MAY INSTRUCT US AT ANY TIME TO PROHIBIT YOU FROM MAKING FURTHER TRANSFERS OF CONTRACT VALUE TO OR FROM THE UNDERLYING FUND, AND WE MUST FOLLOW THIS INSTRUCTION. WE RESERVE THE RIGHT TO ADMINISTER AND COLLECT ON BEHALF OF AN UNDERLYING FUND ANY REDEMPTION FEE IMPOSED BY AN UNDERLYING FUND. MARKET TIMING POLICIES AND PROCEDURES ADOPTED BY UNDERLYING FUNDS MAY AFFECT YOUR INVESTMENT IN THE CONTRACT IN SEVERAL WAYS, INCLUDING BUT NOT LIMITED TO: - Each fund may restrict or refuse trading activity that the fund determines, in its sole discretion, represents market timing. - Even if we determine that your transfer activity does not constitute market timing under the market timing policies described above which we apply to transfers you make under the contract, it is possible that the underlying fund's market timing policies and procedures, including instructions we receive from a fund, may require us to reject your transfer request. For example, while we disregard transfers permitted under any asset allocation, dollar-cost averaging and asset rebalancing programs that may be described in this prospectus, we cannot guarantee that an underlying fund's market timing policies and procedures will do so. Orders we place to purchase fund shares for the variable accounts are subject to acceptance by the fund. We reserve the right to reject without prior notice to you any transfer request if the fund does not accept our order. - Each underlying fund is responsible for its own market timing policies, and we cannot guarantee that we will be able to implement specific market timing policies and procedures that a fund has adopted. As a result, a fund's returns might be adversely affected, and a fund might terminate our right to offer its shares through the variable account. - Funds that are available as investment options under the contract may also be offered to other intermediaries who are eligible to purchase and hold shares of the fund, including without limitation, separate accounts of other insurance companies and certain retirement plans. Even if we are able to implement a fund's market timing policies, we cannot guarantee that other intermediaries purchasing that same fund's shares will do so, and the returns of that fund could be adversely affected as a result. FOR MORE INFORMATION ABOUT THE MARKET TIMING POLICIES AND PROCEDURES OF AN UNDERLYING FUND, THE RISKS THAT MARKET TIMING POSE TO THAT FUND, AND TO DETERMINE WHETHER AN UNDERLYING FUND HAS ADOPTED A REDEMPTION FEE, SEE THAT FUND'S PROSPECTUS. HOW TO REQUEST A TRANSFER OR SURRENDER 1 BY LETTER Send your name, contract number, Social Security Number or Taxpayer Identification Number* and signed request for a transfer or surrender to: RIVERSOURCE LIFE INSURANCE COMPANY 70100 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS, MN 55474 MINIMUM AMOUNT Transfers or surrenders: $250 or entire account balance** MAXIMUM AMOUNT Transfers or surrenders: Contract value or entire account balance * Failure to provide your Social Security Number or Taxpayer Identification Number may result in mandatory tax withholding on the taxable portion of the distribution. ** The contract value after a partial surrender must be at least $500. -------------------------------------------------------------------------------- 36 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 2 BY AUTOMATED TRANSFERS AND AUTOMATED PARTIAL SURRENDERS Your financial advisor can help you set up automated transfers among your subaccounts, GPAs or regular fixed account (if available) or automated partial surrenders from the GPAs, regular fixed account, Special DCA fixed account or the subaccounts. You can start or stop this service by written request or other method acceptable to us. You must allow 30 days for us to change any instructions that are currently in place. - Automated transfers from the regular fixed account are limited to 30% of the regular fixed account value at the beginning of the contract year or $10,000, whichever is greater. - Automated surrenders may be restricted by applicable law under some contracts. - You may not make additional purchase payments if automated partial surrenders are in effect. - If the PN program is in effect, you are not allowed to set up automated transfers except in connection with a Special DCA fixed account (see "Special DCA Fixed Account" and "Making the Most of Your Contract -- Portfolio Navigator Program"). - Automated partial surrenders may result in IRS taxes and penalties on all or part of the amount surrendered. - The balance in any account from which you make an automated transfer or automated partial surrender must be sufficient to satisfy your instructions. If not, we will suspend your entire automated arrangement until the balance is adequate. - If you have a SecureSource Stages 2 rider, you may set up automated partial surrenders up to the lifetime benefit amount available for withdrawal under the rider. MINIMUM AMOUNT Transfers or surrenders: $50 MAXIMUM AMOUNT Transfers or surrenders: None (except for automated transfers from the regular fixed account) 3 BY TELEPHONE Call: (800) 862-7919 TTY service for the hearing impaired: (800) 285-8846 MINIMUM AMOUNT Transfers or surrenders: $250 or entire account balance MAXIMUM AMOUNT Transfers: Contract value or entire account balance Surrenders: $100,000 We answer telephone requests promptly, but you may experience delays when the call volume is unusually high. If you are unable to get through, use the mail procedure as an alternative. We will honor any telephone transfer or surrender requests that we believe are authentic and we will use reasonable procedures to confirm that they are. This includes asking identifying questions and recording calls. We will not allow telephone surrender within 30 days of a phoned-in address change. As long as we follow the procedures, we (and our affiliates) will not be liable for any loss resulting from fraudulent requests. Telephone transfers or surrenders are automatically available. You may request that telephone transfers or surrenders not be authorized from your account by writing to us. SURRENDERS You may surrender all or part of your contract at any time before the annuitization start date by sending us a written request or calling us. We will process your surrender request on the valuation date we receive it. If we receive your surrender request in good order at our corporate office before the close of business, we will process your surrender using the accumulation unit value we calculate on the valuation date we received your surrender request. If we receive your surrender request at our corporate office at or after the close of business, we will process your surrender using the accumulation unit value we -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 37 calculate on the next valuation date after we received your surrender request. We may ask you to return the contract. You may have to pay a contract administrative charge, surrender charges, or any applicable optional rider charges (see "Charges") and IRS taxes and penalties (see "Taxes"). You cannot make surrenders after the annuitization start date except under Plan E (see "The Annuity Payout Period -- Annuity Payout Plans"). Any partial surrenders you take under the contract will reduce your contract value. As a result, the value of your death benefit or any optional benefits you have elected also will be reduced. If you have elected the SecureSource Stages 2 rider and your partial surrenders in any contract year exceed the permitted surrender amount under the terms of the rider, your benefits under the rider will be reduced (see "Optional Benefits"). The first partial surrender request during the 1-year waiting period and any partial surrender request that exceeds the amount allowed under the rider(s) and impacts the guarantees provided, will not be considered in good order until we receive a signed Benefit Impact Acknowledgement form showing the projected effect of the surrender on the rider benefits or a verbal acknowledgement that you understand and accept the impacts that have been explained to you. In addition, surrenders you are required to take to satisfy the RMDs under the Code may reduce the value of certain death benefits and optional benefits (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). SURRENDER POLICIES If you have a balance in more than one account and you request a partial surrender, we will automatically surrender money from all your subaccounts , GPAs, the Special DCA fixed account and/or the regular fixed account, in the same proportion as your value in each account correlates to your total contract value, unless requested otherwise(1). The minimum contract value after partial surrender is $500. (1) If you elected the SecureSource Stages 2 or Accumulation Protector Benefit rider, you do not have the option to request from which account to surrender. RECEIVING PAYMENT 1 BY REGULAR OR EXPRESS MAIL - payable to you; - mailed to address of record. NOTE: We will charge you a fee if you request express mail delivery. 2 BY WIRE - request that payment be wired to your bank; - bank account must be in the same ownership as your contract; and - pre-authorization required. Normally, we will send the payment within seven days after receiving your request in good order. However, we may postpone the payment if: - the surrender amount includes a purchase payment check that has not cleared; - the NYSE is closed, except for normal holiday and weekend closings; - trading on the NYSE is restricted, according to SEC rules; - an emergency, as defined by SEC rules, makes it impractical to sell securities or value the net assets of the accounts; or - the SEC permits us to delay payment for the protection of security holders. CHANGING THE ANNUITANT If you have a nonqualified annuity and are a natural person (excluding a revocable trust), you may change the annuitant or contingent annuitant if the request is made prior to the annuitization start date and while the existing annuitant or contingent annuitant is living. The change will become binding on us when we receive it. If you and the annuitant are not the same person and the annuitant dies before the annuitization start date, the owner becomes the annuitant unless a contingent annuitant has been previously selected. You may not change the annuitant if you have a qualified annuity or there is non-natural or revocable trust ownership. -------------------------------------------------------------------------------- 38 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS CHANGING OWNERSHIP You may change ownership of your nonqualified annuity at any time by completing a change of ownership form we approve and sending it to our corporate office. We will honor any change of ownership request received in good order that we believe is authentic, and we will use reasonable procedures to confirm authenticity. If we follow these procedures, we will not take any responsibility for the validity of the change. If you have a nonqualified annuity, you may incur income tax liability by transferring, assigning or pledging any part of it. (See "Taxes.") If you have a qualified annuity, you may not sell, assign, transfer, discount or pledge your contract as collateral for a loan, or as security for the performance of an obligation or for any other purpose except as required or permitted by the Code. However, if the owner is a trust or custodian, or an employer acting in a similar capacity, ownership of the contract may be transferred to the annuitant. Please consider carefully whether or not you wish to change ownership of your annuity contract. If you elected any optional contract features or riders and any owner was not an owner before the change, all owners (including any prior owner who is still an owner after the ownership change) will be subject to all limitations and/or restrictions of those features or riders just as if they were purchasing a new contract. The death benefit may change due to a change of ownership. - The Benefit Protector Plus rider will terminate upon transfer of ownership of the annuity contract. - If you have the Benefit Protector rider, if any owner is older than age 75 immediately following the ownership change, the rider will terminate upon change of ownership. If all owners are younger than age 76, the rider continues unless the owner chooses to terminate it during the 30-day window following the effective date of the ownership change. The Benefit Protector death benefit values may be reset (see "Optional Death Benefits -- Benefit Protector Death Benefit Rider"). - If you elected the ROPP Death Benefit and if any owner is older than age 79 immediately following the ownership change, the ROPP Death Benefit will continue. If all owners are age 79 or younger, the ROPP Death Benefit will terminate and the Standard Death Benefit will apply. - If you elected the 5-Year MAV Death Benefit and if any owner is older than age 75 immediately following the ownership change, this rider will terminate and the Standard Death Benefit will apply. If all owners are age 75 or younger, the 5-Year MAV Death Benefit will continue. - If you elected the MAV Death Benefit, the 5% Accumulation Death Benefit or the EDB and if any owner is older than age 79 immediately following the ownership change, these riders will terminate and the Standard Death Benefit will apply. If all owners are age 79 or younger, the MAV Death Benefit, 5% Accumulation Death Benefit or EDB will continue. - The ROPP Death Benefit, MAV Death Benefit, 5-Year MAV Death Benefit, 5% Accumulation Death Benefit and EDB values may be reset (see "Benefits in the Case of Death"). - If the death benefit that applies to your contract changes due to an ownership change, the mortality and expense risk fee may change as well (see "Charges -- Mortality and Expense Risk Fee"). For the SecureSource Stages 2 - Single Life rider, an ownership change that would result in a different covered person will terminate the rider, subject to state restrictions. The SecureSource Stages 2 - Joint Life rider, if selected, only allows transfer of the ownership of the annuity contract between covered spouses or their revocable trust(s). If ownership is transferred from a covered spouse to their revocable trust(s), the annuitant must be one of the covered spouses. No other ownership changes are allowed while this rider is in force, subject to state restrictions. The Accumulation Protector Benefit rider will continue upon change of ownership. (See "Optional Benefits.") IF YOU DIE BEFORE THE ANNUITIZATION START DATE When paying the beneficiary, we will process the death claim on the valuation date our death claim requirements are fulfilled. We will determine the contract's value using the accumulation unit value we calculate on that valuation date. We pay interest, if any, at a rate no less than required by law. We will mail payment to the beneficiary within seven days after our death claim requirements are fulfilled. NONQUALIFIED ANNUITIES If your spouse is sole beneficiary and you die before the annuitization start date, your spouse may keep the contract as owner with the contract value equal to the death benefit that would otherwise have been paid (without regard to the Full Surrender -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 39 Value). To do this your spouse must, on the date our death claim requirements are fulfilled, give us written instructions to continue the contract as owner. For RAVA5 Advantage, there will be no surrender charges on the contract from that point forward unless additional purchase payments are made. For RAVA 5 Select, there will be no surrender charges on the contract from that point forward. If you elected any optional contract features or riders, your spouse will be subject to all limitations and/or restrictions of those features or riders just as if they were purchasing a new contract and the values may be reset (see "Optional Living Benefits", Optional Death Benefits" and "Benefits in the Case of Death -- Standard Death Benefit"). If the death benefit applicable to the contract changes due to spousal continuation, the mortality and expense risk fee may change as well (see "Charges -- Mortality and Expense Risk Fee"). If your beneficiary is not your spouse, or your spouse does not elect spousal continuation, we will pay the beneficiary in a single sum unless you give us other written instructions. Generally, we must fully distribute the death benefit within five years of your death. However, the beneficiary may receive payouts under any annuity payout plan available under this contract if: - the beneficiary asks us in writing within 60 days after the day on which all documents have been received that prove your death has occurred; and - payouts begin no later than one year after your death, or other date as permitted by the IRS; and - the payout period does not extend beyond the beneficiary's life or life expectancy. QUALIFIED ANNUITIES - SPOUSE BENEFICIARY: If you have not elected an annuity payout plan, and if your spouse is the sole beneficiary, your spouse may either elect to treat the contract as his/her own, so long as he or she is eligible to do so, or elect an annuity payout plan or another plan agreed to by us. If your spouse elects a payout option, the payouts must begin no later than the year in which you would have reached age 70 1/2. If you attained age 70 1/2 at the time of death, payouts must begin no later than Dec. 31 of the year following the year of your death. Your spouse may elect to assume ownership of the contract with the contract value equal to the death benefit that would otherwise have been paid (without regard to the Full Surrender Value). To do this your spouse must, on the date our death claim requirements are fulfilled, give us written instructions to continue the contract as owner. For RAVA 5 Advantage, there will be no surrender charges on the contract from that point forward unless additional purchase payments are made. For RAVA 5 Select, there will be no surrender charges on the contract from that point forward. If you elected any optional contract features or riders, your spouse will be subject to all limitations and/or restrictions of those features or riders just as if they were purchasing a new contract and the values may be reset (see "Optional Living Benefits", "Optional Death Benefits" and "Benefits in the Case of Death -- Standard Death Benefit"). If the death benefit applicable to the contract changes due to spousal continuation, the mortality and expense risk fee may change as well (see "Charges -- Mortality and Expense Risk Fee"). If your spouse is the sole beneficiary and elects to treat the contract as his/her own as an inherited IRA, the SecureSource Stages 2 rider will terminate. If you purchased this contract as an inherited IRA and your spouse is the sole beneficiary, he or she can elect to continue this contract as an inherited IRA. Your spouse must follow the schedule of minimum surrenders established based on your life expectancy. If you purchased this contract as an inherited IRA and your spouse is not the sole beneficiary, he or she can elect an alternative payment plan for his or her share of the death benefit and all optional death benefits and living benefits will terminate. Your spouse beneficiary must submit the applicable investment options form or the Portfolio Navigator program enrollment form. No additional purchase payments will be accepted. The death benefit payable on the death of the spouse beneficiary is the greater of the contract value after any rider charges have been deducted and the Full Surrender Value; the mortality and expense risk fee will be the same as is applicable to the Standard Death Benefit. Your spouse must follow the schedule of minimum surrenders established based on your life expectancy. - NON-SPOUSE BENEFICIARY: If you have not elected an annuity payout plan, and if death occurs prior to the year you would have attained age 70 1/2, the beneficiary may elect to receive payouts from the contract over a five year period. If your beneficiary does not elect a five year payout or if your death occurs after attaining age 70 1/2, we will pay the beneficiary in a single sum unless the beneficiary elects to receive payouts under any payout plan available under this contract if: - the beneficiary asks us in writing within 60 days after the day on which all documents have been received that prove your death has occurred; and - payouts begin no later than one year following the year of your death; and - the payout period does not extend beyond the beneficiary's life or life expectancy. -------------------------------------------------------------------------------- 40 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS If a beneficiary elects an alternative payment plan which is an inherited IRA, all optional death benefits and living benefits will terminate. The beneficiary must submit the applicable investment options form or the Portfolio Navigator program enrollment form. No additional purchase payments will be accepted. The death benefit payable on the death of the non-spouse beneficiary is the greater of the contract value after any rider charges have been deducted and the Full Surrender Value; the mortality and expense risk fee will be the same as is applicable to the Standard Death Benefit. In the event of your beneficiary's death, their beneficiary can elect to take a lump sum payment or to continue the alternative payment plan following the schedule of minimum withdrawals established based on the life expectancy of your beneficiary. - ANNUITY PAYOUT PLAN: If you elect an annuity payout plan which guarantees payouts to a beneficiary after death, the payouts to your beneficiary will continue pursuant to the annuity payout plan you elect. BENEFITS IN CASE OF DEATH -- STANDARD DEATH BENEFIT We will pay the death benefit to your beneficiary upon your death. If a contract has more than one person as the owner, we will pay benefits upon the first to die of any owner. If you die before the annuitization start date while this contract is in force, we will pay the beneficiary as follows: If you are age 79 or younger on the date we issue the contract or the date of the most recent covered life change, the beneficiary receives the greater of: - the contract value after any rider charges have been deducted; - the Return of Purchase Payments (ROPP) value; or - the Full Surrender Value. If you are age 80 or older on the date we issue the contract or the date of the most recent covered life change, the beneficiary receives the greater of contract value after any rider charges have been deducted or the Full Surrender Value. HERE ARE SOME TERMS THAT ARE USED TO DESCRIBE THE STANDARD DEATH BENEFIT AND OPTIONAL DEATH BENEFITS: ROPP VALUE: is the total purchase payments on the contract issue date. Additional purchase payments will be added to the ROPP value. Adjusted partial surrenders will be subtracted from the ROPP value. ADJUSTED PARTIAL SURRENDERS PS X DB ------- CV
PS = amount by which the contract value is reduced as a result of the partial surrender. DB = the death benefit on the date of (but prior to) the partial surrender. CV = the contract value on the date of (but prior to) the partial surrender. COVERED LIFE CHANGE: is either continuation of the contract by a spouse under the spousal continuation provision, or an ownership change where any owner after the ownership change was not an owner prior to the change. FULL SURRENDER VALUE: is the contract value immediately prior to the surrender (immediately prior to payment of a death claim for death benefits) less: - any surrender charge, - pro rata rider charges, - the contract charge, and plus: - any positive or negative market value adjustment. For a spouse who continues the contract and is age 79 or younger, we set the ROPP value to the contract value on the date of the continuation after any rider charges have been deducted and after any increase to the contract value due to the death benefit that would otherwise have been paid (without regard to the Full Surrender Value). After a covered life change other than for the spouse who continues the contract, if the prior owner and all current owners are eligible for the ROPP Death Benefit, we reset the ROPP value on the valuation date we receive your request for the ownership change to the contract value after any rider charges have been deducted, if the contract value is less. If the prior owner was not eligible for the ROPP Death Benefit, but the new owner is eligible, we reset the ROPP value to the contract value after any rider charges have been deducted on the valuation date we receive your request for the ownership change. EXAMPLE OF STANDARD DEATH BENEFIT CALCULATION WHEN YOU ARE AGE 79 OR YOUNGER ON THE CONTRACT EFFECTIVE DATE: -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 41 - You purchase the contract with a payment of $20,000 - During the second contract year the contract value falls to $18,000, at which point you take a $1,500 partial surrender, leaving a contract value of $16,500. We calculate the death benefit as follows: The total purchase payments minus adjustments for partial surrenders: Total purchase payments minus adjusted partial surrenders, calculated as: $20,000 $1,500 x $20,000 ---------------- = -1,667 $18,000 ------- for a standard death benefit of: $18,333 since this is greater than your contract value of $16,500
OPTIONAL BENEFITS The assets held in our general account support the guarantees under your contract, including optional death benefits and optional living benefits. To the extent that we are required to pay you amounts in addition to your contract value under these benefits, such amounts will come from our general account assets. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of insurance and financial products as well, and we also pay out obligations under these products from assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. OPTIONAL DEATH BENEFITS In addition to the Standard Death Benefit, we also offer the following optional death benefits at contract issue: - ROPP Death Benefit; - MAV Death Benefit; - 5-Year MAV Death Benefit; - 5% Accumulation Death Benefit; - Enhanced Death Benefit; - Benefit Protector Death Benefit; and - Benefit Protector Plus Death Benefit. If it is available in your state and if you are age 75 or younger at contract issue, you can elect any one of the above optional death benefits other than the ROPP death benefit; the MAV, 5% Accumulation and Enhanced are available if you are 79 or younger; you may elect the ROPP Death Benefit if you are age 80 or older. (ROPP is included in the Standard Death Benefit if you are 79 or younger at contract issue.) Once you elect a death benefit, you cannot change it; however the death benefit that applies to your contract may change due to an ownership change (see "Changing Ownership") or continuation of the contract by the spouse under the spousal continuation provision. The death benefit determines the mortality and risk expense fee that is assessed against the subaccounts. We will base the benefit paid on the death benefit coverage in effect on the date of your death. IF AVAILABLE IN YOUR STATE AND YOU ARE AGE 80 OR OLDER AT CONTRACT ISSUE, YOU MAY SELECT THE ROPP DEATH BENEFIT DESCRIBED BELOW AT THE TIME YOU PURCHASE YOUR CONTRACT. BE SURE TO DISCUSS WITH YOUR FINANCIAL ADVISOR WHETHER OR NOT THIS DEATH BENEFIT IS APPROPRIATE FOR YOUR SITUATION. RETURN OF PURCHASE PAYMENTS (ROPP) DEATH BENEFIT The ROPP Death Benefit will pay your beneficiaries no less than your purchase payments, adjusted for surrenders. If you die before the annuitization start date and while this contract is in force, the death benefit will be the greatest of: 1. the contract value after any rider charges have been deducted, 2. the ROPP Value as described above, or 3. the Full Surrender Value as described above. -------------------------------------------------------------------------------- 42 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS For a spouse who continues the contract and is age 80 or older, we reset the ROPP value to the contract value on the date of the continuation after any rider charges have been deducted and after any increase to the contract value due to the death benefit that would otherwise have been paid (without regard to the Full Surrender Value). If the spouse who continues the contract is age 79 or younger, the optional ROPP Death Benefit will terminate and the Standard Death Benefit will apply. After a covered life change other than for the spouse who continues the contract, if any owner is age 80 or older we reset the ROPP value on the valuation date we receive your request for the ownership change to the contract value after any rider charges have been deducted, if the contract value is less. If all owners are age 79 or younger, the optional ROPP Death Benefit will terminate and the Standard Death Benefit will apply. IF AVAILABLE IN YOUR STATE AND YOU ARE AGE 75 OR YOUNGER AT CONTRACT ISSUE, YOU MAY SELECT ONE OF THE DEATH BENEFITS DESCRIBED BELOW AT THE TIME YOU PURCHASE YOUR CONTRACT. IF AVAILABLE IN YOUR STATE AND YOU ARE BETWEEN AGES 76-79 AT CONTRACT ISSUE, YOU MAY ONLY SELECT THE MAV DEATH BENEFIT, 5% ACCUMULATION DEATH BENEFIT OR ENHANCED DEATH BENEFIT. THE DEATH BENEFITS DO NOT PROVIDE ANY ADDITIONAL BENEFIT BEFORE THE FIRST CONTRACT ANNIVERSARY AND MAY NOT BE APPROPRIATE FOR CERTAIN OLDER ISSUE AGES BECAUSE THE BENEFIT VALUES MAY BE LIMITED AFTER AGE 80. BE SURE TO DISCUSS WITH YOUR FINANCIAL ADVISOR WHETHER OR NOT THESE DEATH BENEFITS ARE APPROPRIATE FOR YOUR SITUATION. MAXIMUM ANNIVERSARY VALUE (MAV) DEATH BENEFIT The MAV Death Benefit provides that if you die while the contract is in force and before the annuitization start date, the death benefit will be the greatest of these values: 1. the contract value after any rider charges have been deducted; 2. the ROPP value as described above; 3. the MAV; or 4. the Full Surrender Value as described above. The MAV equals the ROPP value prior to the first contract anniversary. Every contract anniversary prior to the earlier of your 81st birthday or your death, we compare the MAV to the current contract value and we reset the MAV to the higher amount. The MAV is increased by any additional purchase payments and reduced by adjusted partial surrenders. For a spouse who is age 79 or younger and continues the contract, we reset the MAV to the contract value on the date of the continuation after any rider charges have been deducted and after any increase to the contract value due to the death benefit that would otherwise have been paid (without regard to the Full Surrender Value). If your spouse is age 80 or older when the contract is continued, the MAV death benefit will terminate and the Standard Death Benefit will apply. After a covered life change other than for a spouse who continues the contract, if all owners are age 79 or younger, we reset the MAV on the valuation date we receive your request for the ownership change to the lesser of these two values: (a) the contract value after any rider charges have been deducted, or (b) the MAV on that date, but prior to the reset. If any new owner is age 80 or older at the time of the covered life change, the MAV death benefit will terminate and the Standard Death Benefit will apply. 5-YEAR MAXIMUM ANNIVERSARY VALUE (5-YEAR MAV) DEATH BENEFIT The 5-year MAV Death Benefit provides that if you die while the contract is in force and before the annuitization start date, the death benefit will be the greatest of these values: 1. the contract value after any rider charges have been deducted; 2. the ROPP value as described above; 3. the 5-year MAV; or 4. the Full Surrender Value as described above. The 5-year MAV equals the ROPP value prior to the fifth contract anniversary. Every fifth contract anniversary prior to the earlier of your 81st birthday or your death, we compare the 5-year MAV to the current contract value and we reset the 5-Year MAV to the higher amount. The 5-year MAV is increased by any additional purchase payments and reduced by adjusted partial surrenders. For a spouse who is age 75 or younger and continues the contract, we reset the 5-Year MAV to the contract value on the date of the continuation after any rider charges have been deducted and after any increase to the contract value due to the death -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 43 benefit that would otherwise have been paid (without regard to the Full Surrender Value). If your spouse is age 76 or older when the contract was continued, the 5-year MAV death benefit will terminate and the Standard Death Benefit will apply. After a covered life change other than for a spouse who continues the contract, if all owners are age 75 or younger, we reset the 5-Year MAV on the valuation date we receive your request for the ownership change to the lesser of these two values: (a) the contract value after any rider charges have been deducted, or (b) the 5-Year MAV on that date, but prior to the reset. If any owner is age 76 or older at the time of the covered life change, the 5- year MAV death benefit will terminate and the Standard Death Benefit will apply. 5% ACCUMULATION DEATH BENEFIT The 5% Accumulation Death Benefit provides that if you die while the contract is in force and before the annuitization start date, the death benefit will be the greatest of these values: 1. the contract value after any rider charges have been deducted; 2. the ROPP value as described above; 3. the 5% accumulation death benefit floor; or 4. the Full Surrender Value as described above. The key terms and provisions of the 5% Accumulation Death Benefit are: 5% ACCUMULATION DEATH BENEFIT FLOOR: is equal to the sum of: 1. the contract value in the Excluded Accounts (currently, regular fixed account and GPAs), if any, and 2. the variable account floor. PROTECTED ACCOUNT BASE (PAB) AND EXCLUDED ACCOUNT BASE (EAB): Adjustments to variable account floor require tracking amounts representing purchase payments, not previously surrendered, that are allocated or transferred to the Protected Accounts (currently, subaccounts and the Special DCA fixed account) and Excluded Accounts. - PAB equals amounts representing purchase payments, not previously surrendered or transferred, that are in the Protected Accounts. - EAB equals amounts representing purchase payments, not previously surrendered or transferred, that are in the Excluded Accounts. VARIABLE ACCOUNT FLOOR: Variable account floor is PAB increased on contract anniversaries prior to the earlier of your 81(st) birthday or your death. NET TRANSFER: If multiple transfers are made on the same valuation day, they are combined to determine the net amount of contract value being transferred between the Protected Accounts and Excluded Accounts. This net transfer amount is used to adjust the EAB, PAB and variable account floor values. ESTABLISHMENT OF VARIABLE ACCOUNT FLOOR, PAB AND EAB On the contract date, 1) variable account floor and PAB are established as your initial purchase payment allocated to the Protected Accounts; and 2) EAB is established as your initial purchase payment allocated to the Excluded Accounts. ADJUSTMENTS TO VARIABLE ACCOUNT FLOOR, PAB AND EAB Variable account floor, PAB and EAB are adjusted by the following: 1. When an additional purchase payment is made; (A) any payment you allocate to the Protected Accounts are added to PAB and to variable account floor, and (B) any payment you allocate to the excluded accounts are added to EAB. 2. When transfers are made to the Protected Accounts from the Excluded Accounts, we increase PAB and variable account floor, and we reduce EAB. The amount we deduct from EAB and add to PAB and to variable account floor is calculated for each net transfer using the following formula: A X B ----- where: C
A = the amount the contract value in the Excluded Accounts is reduced by the net transfer -------------------------------------------------------------------------------- 44 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS B = EAB on the date of (but prior to) the transfer C = the contract value in the Excluded Accounts on the date of (but prior to) the transfer. 3. When partial surrenders are made from the Excluded Accounts, we reduce EAB by the same amount as calculated above for transfers from the Excluded Accounts, using surrender amounts in place of transfer amounts. Partial surrenders from Excluded Accounts do not increase PAB. 4. When transfers are made to the Excluded Accounts from the Protected Accounts, we reduce PAB and variable account floor, and increase EAB. The amounts we deduct from PAB and variable account floor are calculated for each net transfer using the following formula: A X B ----- where: C
A = the amount the contract value in the Protected Accounts is reduced by the net transfer B = the applicable PAB or variable account floor on the date of (but prior to) the transfer C = the contract value in the Protected Accounts on the date of (but prior to) the transfer. The amount we subtract from PAB is added to EAB. 5. When partial surrenders are made from the Protected Accounts, we reduce PAB and variable account floor by the same amount as calculated above for transfers from the Protected Accounts, using surrender amounts in place of transfer amounts. Partial surrenders from Protected Accounts do not increase EAB. 6. After a covered life change for a spouse who continues the contract, variable account floor and PAB are reset to the contract value in the Protected Accounts on the date of continuation. EAB is reset to the contract value in the Excluded Accounts on the date of continuation. The contract value is after any rider charges have been deducted and after any increase to the contract value due to the death benefit that would otherwise have been paid (without regard to the Full Surrender Value). 7. After a covered life change other than for a spouse who continues the contract, variable account floor, PAB and EAB are reset on the valuation date we receive your written request for the covered life change. Variable account floor and PAB are reset to the lesser of A or B where: A = the contract value (after any rider charges have been deducted) in the Protected Accounts on that date, and B = Variable account floor on that date (but prior to the reset). EAB is reset to the lesser of A or B where: A = the contract value (after any rider charges have been deducted) in the Excluded Accounts on that date, and B = EAB on that date (but prior to the reset). 8. On a contract anniversary when variable account floor is greater than zero: (A) On the first contract anniversary, we increase variable account floor by an amount equal to 5%, multiplied by variable account floor as of 60 days after the contract date. (B) On each subsequent contract anniversary prior to the earlier of your 81(st) birthday or your death, we increase variable account floor by 5 %, multiplied by the prior contract anniversary's variable account floor. (C) Any variable account floor increase on contract anniversaries does not increase PAB or EAB. For contracts issued in New Jersey and Washington state, the cap on the variable account floor is 200% of PAB. For a spouse who is age 79 or younger and continues the contract, the 5% Accumulation Death Benefit will continue and the values may be reset as described above. If your spouse is age 80 or older when the contract is continued, the 5% Accumulation Death Benefit will terminate and the Standard Death Benefit will apply. After a covered life change other than for a spouse who continues the contract, if all owners are age 79 or younger, the 5% Accumulation Death Benefit will continue and the values may be reset as described above. If any owner is age 80 or older at the time of the covered life change, the 5% Accumulation death benefit will terminate and the Standard Death Benefit will apply. ENHANCED DEATH BENEFIT The Enhanced Death Benefit provides that if you die while the contract is in force and before the annuitization start date, the death benefit will be the greatest of these values: -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 45 1. contract value after any rider charges have been deducted; 2. the ROPP value as described above; 3. the MAV as described above; 4. the 5% accumulation death benefit floor as described above; or 5. the Full Surrender Value as described above. For a spouse who is age 79 or younger and continues the contract, the Enhanced Death Benefit will continue and the values may be reset as described above. If your spouse is age 80 or older when the contract is continued, the Enhanced Death Benefit will terminate and the Standard Death Benefit will apply. After a covered life change other than for a spouse who continues the contract, if all owners are age 79 or younger, the Enhanced Death Benefit will continue and the values may be reset as described above. If any owner is age 80 or older at the time of the covered life change, the Enhanced Death Benefit will terminate and the Standard Death Benefit will apply. For an example of how each death benefit is calculated, see Appendix D. BENEFIT PROTECTOR DEATH BENEFIT The Benefit Protector is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. This is an optional benefit that you may select for an additional annual charge (see "Charges"). The Benefit Protector provides reduced benefits if you are age 70 or older at the rider effective date. The Benefit Protector does not provide any additional benefit before the first rider anniversary. If this rider is available in your state and you are age 75 or younger at contract issue, you may choose to add the Benefit Protector to your contract. You must elect the Benefit Protector at the time you purchase your contract and your rider effective date will be the contract issue date. You may not select this rider if you select the Benefit Protector Plus rider, the 5% Accumulation Death Benefit or the Enhanced Death Benefit. Qualified annuities have minimum distribution rules that govern the timing and amount of distributions from the annuity contract (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). Since the benefit paid by the rider is determined by the amount of earnings at death, the amount of the benefit paid may be reduced as a result of taking any surrenders including RMDs. Be sure to discuss with your investment professional and tax advisor whether or not the Benefit Protector is appropriate for your situation. The Benefit Protector provides that if you die after the first rider anniversary, but before the annuitization start date, and while this contract is in force, we will pay the beneficiary: - the applicable death benefit, plus: - 40% of your earnings at death if you were under age 70 on the rider effective date; or - 15% of your earnings at death if you were age 70 or older on the rider effective date. If this rider is effective after the contract date or if there has been a covered life change, remaining purchase payments is established or set as the contract value on the rider effective date or, if later, the date of the most recent covered life change. Thereafter, remaining purchase payments is increased by the amount of each additional purchase payment and adjusted for each partial surrender. EARNINGS AT DEATH: For purposes of the Benefit Protector and Benefit Protector Plus riders, this is an amount equal to the applicable death benefit minus remaining purchase payments. Partial surrenders will come from any earnings before reducing purchase payments in the contract. The earnings at death may not be less than zero and may not be more than 250% of the remaining purchase payments that are one or more years old. Note: Remaining purchase payments is calculated differently and is not the same value as purchase payments not previously surrendered used in the surrender charge calculation. TERMINATING THE BENEFIT PROTECTOR - You may terminate the rider within 30 days after the first rider anniversary. - You may terminate the rider within 30 days after any rider anniversary beginning with the seventh rider anniversary. - The rider will terminate when you make a full surrender from the contract or on the annuitization start date. - Your spouse may terminate the rider within 30 days following the effective date of the spousal continuation if your spouse is age 75 or younger. - You may terminate the rider within 30 days following the effective date of an ownership change if you are age 75 or younger. -------------------------------------------------------------------------------- 46 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS - The rider will terminate for a spousal continuation or ownership change if the spouse or any owner is age 76 or older at the time of the change. - The rider will terminate after the death benefit is payable, unless the spouse continues the contract under spousal continuation provision. - The rider will terminate when beneficiary elects an alternative payment plan which is an inherited IRA. IF YOUR SPOUSE IS THE SOLE BENEFICIARY and you die before the annuitization start date, your spouse may keep the contract as owner. Your spouse will be subject to all the limitations and restrictions of the rider just as if they were purchasing a new contract and the age of the spouse at the time of the change will be used to determine the earnings at death percentage going forward. If your spouse does not qualify for the rider on the basis of age we will terminate the rider. If they do qualify for the rider on the basis of age we will set the contract value equal to the death benefit that would otherwise have been paid (without regard to the Full Surrender Value) and we will substitute this new contract value on the date of death for "remaining purchase payments" used in calculating earnings at death. After a covered life change other than a spouse that continues the contract, all owners will be subject to all of the limitations and restrictions of the rider just as if they were purchasing a new contract; and the age of all owners at the time of the change will be used to determine the earnings at death percentage going forward. If any owner does not qualify for the rider on the basis of age, we will terminate the rider. If they do qualify for the rider on the basis of age, we will substitute the contract value on the date of the ownership change for remaining purchase payments used in calculating earnings at death. For an example, please see Appendix D. BENEFIT PROTECTOR PLUS DEATH BENEFIT RIDER (BENEFIT PROTECTOR PLUS) The Benefit Protector Plus is intended to provide an additional benefit to your beneficiary to help offset expenses after your death such as funeral expenses or federal and state taxes. This is an optional benefit that you may select for an additional annual charge (see "Charges"). The Benefit Protector Plus provides reduced benefits if you are 70 or older at the rider effective date. It does not provide any additional benefit before the first rider anniversary and it does not provide any benefit beyond what is offered under the Benefit Protector rider during the second rider year. Be sure to discuss with your investment professional whether or not the Benefit Protector Plus is appropriate for your situation. If this rider is available in your state and you are 75 or younger at contract issue, you may choose to add the Benefit Protector Plus to your contract. You must elect the Benefit Protector Plus at the time you purchase your contract and your rider effective date will be the contract issue date. This rider is only available for transfers, exchanges or rollovers. If this is a non-qualified annuity, the transfers, exchanges or rollovers must be from another annuity or life insurance policy. You may not select this rider if you select the Benefit Protector Rider, 5% Accumulation Death Benefit or the Enhanced Death Benefit. Qualified annuities have minimum distribution rules that govern the timing and amount of distributions from the annuity contract (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). Since the benefit paid by the rider is determined by the amount of earnings at death, the amount of the benefit paid may be reduced as a result of taking any surrenders including RMDs. Be sure to discuss with your investment professional and tax advisor whether or not the Benefit Protector Plus is appropriate for your situation. The Benefit Protector Plus provides that if you die after the first rider anniversary, but before the annuitization start date, and while this contract is in force, we will pay the beneficiary: the benefits payable under the Benefit Protector described above, plus: a percentage of purchase payments made within 60 days of contract issue not previously surrendered as follows:
PERCENTAGE IF YOU ARE PERCENTAGE IF YOU ARE RIDER YEAR WHEN DEATH OCCURS: UNDER AGE 70 ON THE RIDER EFFECTIVE DATE 70 OR OLDER ON THE RIDER EFFECTIVE DATE One and Two 0% 0% Three and Four 10% 3.75% Five or more 20% 7.5%
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 47 Another way to describe the benefits payable under the Benefit Protector Plus rider is as follows: - the applicable death benefit plus:
RIDER YEAR WHEN IF YOU ARE UNDER AGE 70 IF YOU ARE AGE 70 DEATH OCCURS ON THE RIDER EFFECTIVE DATE, ADD . . . OR OLDER ON THE RIDER EFFECTIVE DATE, ADD . . . One Zero Zero Two 40% x earnings at death (see above) 15% x earnings at death Three and Four 40% x (earnings at death + 25% of initial purchase 15% x (earnings at death + 25% of initial purchase payment*) payment*) Five or more 40% x (earnings at death + 50% of initial purchase 15% x (earnings at death + 50% of initial purchase payment*) payment*)
* Initial purchase payments are payments made within 60 days of rider issue not previously surrendered. TERMINATING THE BENEFIT PROTECTOR PLUS - You may terminate the rider within 30 days of the first rider anniversary. - You may terminate the rider within 30 days of any rider anniversary beginning with the seventh rider anniversary. - The rider will terminate when you make a full surrender from the contract, on the annuitization start date, or when the death benefit is payable. - The rider will terminate if there is a covered life change. - The rider will terminate when a beneficiary elects an alternative payment plan which is an inherited IRA. IF YOUR SPOUSE IS SOLE BENEFICIARY and you die before the annuitization start date, your spouse may keep the contract as owner with the contract value equal to the death benefit that would otherwise have been paid without regard to the Full Surrender Value. We will then terminate the Benefit Protector Plus (see "Benefits in Case of Death"). For an example, see Appendix D. OPTIONAL LIVING BENEFITS SECURESOURCE STAGES 2 RIDERS The SecureSource Stages 2 rider is an optional benefit that you can add to your contract for an additional charge. This benefit is intended to provide to you, after the lifetime benefit is established, a specified withdrawal amount annually for life, even if your contract value is zero, subject to the terms and provisions described in this section. Additionally, this benefit offers a credit feature to help in low or poor performing markets and a step up feature to lock in contract anniversary gains. The SecureSource Stages 2 rider may be appropriate for you if you intend to make periodic withdrawals from your annuity contract and wish to ensure that market performance will not adversely affect your ability to withdraw income over your lifetime. This rider may not be appropriate for you if you do not intend to limit withdrawals to the amount allowed in order to receive the full benefits of the rider. Your benefits under the rider can be reduced if any of the following occurs: - If you take any withdrawals during the 1-year waiting period, the lifetime benefit amount will be determined using percentage B for the appropriate age band as long as rider benefits are payable; - If you withdraw more than the allowed withdrawal amount in a contract year, or you take withdrawals before the lifetime benefit is available; - If you take a withdrawal and later choose to allocate your contract value to a Portfolio Navigator fund of funds that is more aggressive than the target fund; - If the contract value is 20% or more below purchase payments increased by any contract anniversary gains or rider credits and adjusted for withdrawals (see withdrawal adjustment base described below). The SecureSource Stages 2 rider guarantees that, regardless of investment performance, you may take withdrawals up to the lifetime benefit amount each contract year after the lifetime benefit is established. Your age at the time of the first withdrawal will determine the age band for as long as benefits are payable except as described in the lifetime payment percentage provision. As long as your total withdrawals during the current year do not exceed the lifetime benefit amount, you will not be assessed a surrender charge. If you withdraw a larger amount, the excess amount will be assessed any applicable surrender charges and benefits will be reduced in accordance with excess withdrawal processing. At any time, you may withdraw any amount up to your entire surrender value, subject to excess withdrawal processing under the rider. Subject to conditions and limitations, the rider also guarantees that you or your beneficiary will get back purchase payments you have made, increased by annual step-ups, through withdrawals over time. -------------------------------------------------------------------------------- 48 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS Subject to conditions and limitations, the lifetime benefit amount can be increased if a rider credit is available or your contract value has increased on a rider anniversary. The principal back guarantee can also be increased if your contract value has increased on a rider anniversary. AVAILABILITY There are two optional SecureSource Stages 2 riders available under your contract: - SecureSource Stages 2 -- Single Life - SecureSource Stages 2 -- Joint Life The information in this section applies to both SecureSource Stages 2 riders, unless otherwise noted. For the purpose of this rider, the term "withdrawal" is equal to the term "surrender" in the contract or any riders. Withdrawals will adjust contract values and benefits in the same manner as surrenders. The SecureSource Stages 2 -- Single Life rider covers one person. The SecureSource Stages 2 -- Joint Life Rider covers two spouses jointly who are named at contract issue. You may elect only the SecureSource Stages 2 -- Single Life rider or the SecureSource Stages 2 -- Joint Life rider, not both, and you may not switch riders later. You must elect the rider when you purchase your contract. The rider effective date will be the contract issue date. The SecureSource Stages 2 rider is an optional benefit that you may select, if approved in your state, for an additional annual charge if: - SINGLE LIFE: you are 85 or younger on the date the contract is issued; or - JOINT LIFE: you and your spouse are 85 or younger on the date the contract is issued. The SecureSource Stages 2 riders are not available under an inherited qualified annuity. The SecureSource Stages 2 rider guarantees that after the waiting period, regardless of the investment performance of your contract, you will be able to withdraw up to a certain amount each year from the contract before the annuitization start date until: - SINGLE LIFE: death (see "At Death" heading below). - JOINT LIFE: the death of the last surviving covered spouse (see "Joint Life only: Covered Spouses" and "At Death" headings below). KEY TERMS The key terms associated with the SecureSource Stages 2 rider are: AGE BANDS: Each age band is associated with a two lifetime payment percentages. The covered person (JOINT LIFE: the younger covered spouse) must be at least the youngest age shown in the first age band for the annual lifetime payment to be established. After the annual lifetime payment is established, in addition to your age, other factors determine when you move to a higher age band. ANNUAL LIFETIME PAYMENT (ALP): the lifetime benefit amount available each contract year after the covered person (JOINT LIFE: the younger covered spouse) has reached the youngest age in the first age band. After the waiting period, the annual withdrawal amount guaranteed by the rider can vary each contract year. ANNUAL STEP-UP: an increase in the benefit base and/or the principal back guarantee and a possible increase in the lifetime payment percentage that is available each rider anniversary if your contract value increases, subject to certain conditions. BENEFIT BASE (BB): used to calculate the annual lifetime payment and the annual rider charge. The BB cannot be withdrawn in a lump sum or annuitized and is not payable as a death benefit. CREDIT BASE (CB): used to calculate the rider credit. The CB cannot be withdrawn or annuitized and is not payable as a death benefit. EXCESS WITHDRAWAL: (1) a withdrawal taken before the annual lifetime payment is established, or (2) a withdrawal that is greater than the remaining annual lifetime payment after the annual lifetime payment is established. EXCESS WITHDRAWAL PROCESSING: a reduction in benefits if a withdrawal is taken before the annual lifetime payment is established or if a withdrawal exceeds the remaining annual lifetime payment. LIFETIME PAYMENT PERCENTAGE: used to calculate your annual lifetime payment. Two percentages ("percentage A" and "percentage B") are used for each age band. The difference between percentage A and percentage B is referred to as the income bonus. Percentage B is referred to as the minimum lifetime payment percentage. PRINCIPAL BACK GUARANTEE (PBG): a guarantee that total withdrawals will not be less than purchase payments you have made, increased by annual step-ups, as long as there is no excess withdrawal or benefit reset. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 49 REMAINING ANNUAL LIFETIME PAYMENT (RALP): as you take withdrawals during a contract year, the remaining amount that the rider guarantees will be available for withdrawal that year is reduced. After the annual lifetime payment is established, the RALP is the guaranteed amount that can be withdrawn during the remainder of the current contract year. RIDER CREDIT: an amount that can be added to the benefit base on each of the first ten contract anniversaries based on a rider credit percentage of 8% for the first anniversary and 6% thereafter, as long as no withdrawals have been taken since the rider effective date and you do not decline any annual rider fee increase. Investment performance and excess withdrawals may reduce or eliminate the benefit of any rider credits. Rider credits may result in higher rider charges that may exceed the benefit from the credits. WAITING PERIOD: the period of time before you can take a withdrawal without limiting benefits under the rider. If you take any withdrawals during the waiting period, the lifetime benefit amount will be determined using percentage B, the minimum lifetime payment percentage, for the appropriate age band and percentage A, and therefore the income bonus, will not be available as long as rider benefits are payable. The waiting period starts on the rider effective date and ends on the day prior to the first anniversary. WITHDRAWAL: the amount by which your contract value is reduced as a result of any withdrawal request. It may differ from the amount of your request due to any surrender charge and any market value adjustment. WITHDRAWAL ADJUSTMENT BASE (WAB): one of the components used to determine the lifetime payment percentage after the waiting period. The WAB cannot be withdrawn or annuitized and is not payable as a death benefit. IMPORTANT SECURESOURCE STAGES 2 RIDER CONSIDERATIONS You should consider whether a SecureSource Stages 2 rider is appropriate for you taking into account the following considerations: - LIFETIME BENEFIT LIMITATIONS: The lifetime benefit is subject to certain limitations, including but not limited to: SINGLE LIFE: Once the contract value equals zero, payments are made for as long as the covered person is living (see "If Contract Value Reduces to Zero" heading below). However, if the contract value is greater than zero, the lifetime benefit terminates at the first death of any owner even if the covered person is still living (see "At Death" heading below). This possibility may present itself when there are multiple contract owners -- when one of the contract owners dies the lifetime benefit terminates even though other contract owners are still living. JOINT LIFE: Once the contract value equals zero, payments are made for as long as either covered spouse is living (see "If Contract Value Reduces to Zero" heading below). However, if the contract value is greater than zero, the lifetime benefit terminates at the death of the last surviving covered spouse (see "At Death" heading below). - WITHDRAWALS: Please consider carefully when you start taking withdrawals from this rider. If you take any withdrawals during the 1-year waiting period, the lifetime benefit amount will be determined using percentage B for the appropriate age band and percentage A, and therefore income bonus, will not be available as long as rider benefits are payable. Any withdrawals in the first 10 years will terminate any remaining rider credits. Also, if you withdraw more than the allowed withdrawal amount in a contract year or take withdrawals before the lifetime benefit is available ("excess withdrawal"), the guaranteed amounts under the rider will be reduced. - USE OF PORTFOLIO NAVIGATOR PROGRAM REQUIRED: You must elect one of the investment options under the PN program. This requirement limits your choice of investment options. This means you will not be able to allocate contract value to all of the subaccounts, GPAs or the regular fixed account that are available under the contract to contract owners who do not elect the rider. (See "Making the Most of Your Contract -- Portfolio Navigator Program.") You may allocate purchase payments to the Special DCA fixed account, when available, and we will make monthly transfers into the investment option you have chosen. You may make two elective investment option changes per contract year; we reserve the right to limit elective investment option changes if required to comply with the written instructions of a fund (see "Market Timing"). You can allocate your contract value to any available investment option during the following times: (1) prior to your first withdrawal and (2) following a benefit reset due to an investment option change as described below but prior to any subsequent withdrawal. During these accumulation phases, you may request to change your investment option to any available investment option. Immediately following a withdrawal your contract value will be reallocated to the target investment option classification as shown in your contract if your current investment option is more aggressive than the target investment option classification. This automatic reallocation is not included in the total number of allowed investment option changes per contract year. The target investment option is currently the Moderate investment option. We reserve the right to change the target investment option to an investment option classification that is more aggressive than the Moderate investment option after 30 days written notice. -------------------------------------------------------------------------------- 50 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS After you have taken a withdrawal and prior to any benefit reset, you are in a withdrawal phase. During withdrawal phases you may request to change your investment option to the target investment option or any investment option that is more conservative than the target investment option without a benefit reset as described below. If you are in a withdrawal phase and you choose to allocate your contract value to an investment option that is more aggressive than the target investment option, you will be in the accumulation phase again and your rider benefit will be reset as follows: 1. the BB, PBG and WAB will be reset to the contract value, if less than their current amount; and 2. the ALP and RALP, if available, will be recalculated. You may request to change your investment option by written request on an authorized form or by another method agreed to by us. - NON-CANCELABLE: Once elected, the SecureSource Stages 2 rider may not be cancelled (except as provided under "Rider Termination" heading below) and the charge will continue to be deducted until the contract or rider is terminated or the contract value reduces to zero (described below). Dissolution of marriage does not terminate the SecureSource Stages 2 -- Joint Life rider and will not reduce the fee we charge for this rider. The benefit under the SecureSource Stages 2 -- Joint Life rider continues for the covered spouse who is the owner of the contract (or annuitant in the case of nonnatural or revocable trust ownership). The rider will terminate at the death of the contract owner because the original covered spouse will be unable to elect the spousal continuation provision of the contract (see "Joint Life only: Covered Spouses" below). - JOINT LIFE: LIMITATIONS ON CONTRACT OWNERS, ANNUITANTS AND BENEFICIARIES: Since the joint life benefit will terminate unless the surviving covered spouse continues the contract under the spousal option to continue the contract upon the owner's death provision, only ownership arrangements that permit such continuation are allowed at rider issue. In general, the covered spouses should be joint owners, or one covered spouse should be the owner and the other covered spouse should be named as the sole primary beneficiary. For non-natural ownership arrangements that allow for spousal continuation one covered spouse should be the annuitant and the other covered spouse should be the sole primary beneficiary. For revocable trust ownerships, the grantor of the trust must be the annuitant and the beneficiary must either be the annuitant's spouse or a trust that names the annuitant's spouse as the sole primary beneficiary. You are responsible for establishing ownership arrangements that will allow for spousal continuation. If you select the SecureSource Stages 2 -- Joint Life rider, please consider carefully whether or not you wish to change the beneficiary of your annuity contract. The rider will terminate if the surviving covered spouse cannot utilize the spousal continuation provision of the contract when the death benefit is payable. - LIMITATIONS ON PURCHASE PAYMENTS: We reserve the right to limit the cumulative amount of purchase payments, subject to state restrictions. For current purchase payment restrictions, please see "Buying Your Contract -- Purchase Payments". - INTERACTION WITH TOTAL FREE AMOUNT (FA) CONTRACT PROVISION: The FA is the amount you are allowed to withdraw from the contract in each contract year without incurring a surrender charge (see "Charges -- Surrender Charge"). The FA may be greater than the remaining annual lifetime payment under this rider. Any amount you withdraw under the contract's FA provision that exceeds the remaining annual lifetime payment is subject to the excess withdrawal processing described below. You should consult your tax advisor before you select this optional rider if you have any questions about the use of the rider in your tax situation because: - TAX CONSIDERATIONS FOR NONQUALIFIED ANNUITIES: Under current federal income tax law, withdrawals under nonqualified annuities, including withdrawals taken from the contract under the terms of the rider, are treated less favorably than amounts received as annuity payments under the contract (see "Taxes -- Nonqualified Annuities"). Withdrawals are taxable income to the extent of earnings. Withdrawals of earnings before age 591/2 may also incur a 10% IRS early withdrawal penalty. You should consult your tax advisor before you select this optional rider if you have any questions about the use of the rider in your tax situation. - TAX CONSIDERATIONS FOR QUALIFIED ANNUITIES: Qualified annuities have minimum distribution rules that govern the timing and amount of distributions from the annuity contract (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). If you have a qualified annuity, you may need to take an RMD during the waiting period the lifetime benefit amount will be determined using percentage B for as long as rider benefits are payable. While the rider permits certain excess withdrawals to be taken for the purpose of satisfying RMD requirements for your contract alone without reducing future benefits guaranteed under the rider, there can be no guarantee that changes in the federal income tax law after the effective date of the rider will not require a larger RMD to be taken, in which case, future guaranteed withdrawals under the rider could be reduced. See Appendix F for additional information. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 51 LIFETIME BENEFIT DESCRIPTION SINGLE LIFE ONLY: COVERED PERSON: the person whose life is used to determine when the annual lifetime payment is established, and the duration of the ALP payments (see "Annual Lifetime Payment (ALP)" heading below). The covered person is the oldest contract owner. If any owner is a nonnatural person (e.g., an irrevocable trust or corporation) or a revocable trust, the covered person is the oldest annuitant. JOINT LIFE ONLY: COVERED SPOUSES: the contract owner and his or her legally married spouse as defined under federal law, as named on the application for as long as the marriage is valid and in effect. If any contract owner is a nonnatural person or a revocable trust, the covered spouses are the annuitant and the legally married spouse of the annuitant. The covered spouses lives are used to determine when the annual lifetime payment is established, and the duration of the ALP payments (see "Annual Lifetime Payment (ALP)" heading below). The covered spouses are established on the rider effective date and cannot be changed. ANNUAL LIFETIME PAYMENT (ALP): the lifetime benefit amount available each contract year after the covered person (JOINT LIFE: younger covered spouses) has reached age 50. When the ALP is established and at all times thereafter, the ALP is equal to the BB multiplied by the lifetime payment percentage. Anytime the lifetime payment percentage or BB changes as described below, the ALP will be recalculated. After the waiting period and when the ALP is established, the first withdrawal taken in each contract year will set and fix the lifetime payment percentage for the remainder of the contract year. If you withdraw less than the ALP in a contract year, the unused portion does not carry over to future contract years. SINGLE LIFE: The ALP is established on the later of the rider effective date if the covered person has reached age 50, or the date the covered person's attained age equals age 50. JOINT LIFE: The ALP is established on the earliest of the following dates: - The rider effective date if the younger covered spouse has already reached age 50. - The date the younger covered spouse's attained age equals age 50. - Upon the first death of a covered spouse, then either: (a) the date we receive a written request when the death benefit is not payable and the surviving covered spouse has already reached age 50, (b) the date spousal continuation is effective when the death benefit is payable and the surviving covered spouse has already reached age 50, or (c) the date the surviving covered spouse reaches age 50. - Following dissolution of marriage of the covered spouses, then either (a) the date we receive a written request if the remaining covered spouse who is the owner (or annuitant in the case of nonnatural or revocable trust ownership) has already reached age 50, or (b) the date the remaining covered spouse who is the owner (or annuitant in the case of nonnatural or revocable trust ownership) reaches age 50. REMAINING ANNUAL LIFETIME PAYMENT (RALP): the annual lifetime payment guaranteed for withdrawal for the remainder of the contract year. The RALP is established at the same time as the ALP. The RALP equals the ALP less all withdrawals in the current contract year, but it will not be less than zero. LIFETIME PAYMENT PERCENTAGE: used to calculate the annual lifetime payment. Two percentages are used for a given age band, percentage A or percentage B, depending on the factors described below. For ages: - 50-58, percentage A is 4% and percentage B is 3%. - 59-64, percentage A is 5% and percentage B is 4%. - 65-79, percentage A is 6% and percentage B is 5%. - 80 and older, percentage A is 7% and percentage B is 6%. The age band for the lifetime payment percentage is determined at the following times: - When the ALP is established: The age band used to calculate the initial ALP is the percentage for the covered person's attained age (JOINT LIFE: younger covered spouse's attained age). - On the covered person's subsequent birthdays (JOINT LIFE: younger covered spouse's subsequent birthdays): Except as noted below, if the covered person's new attained age (JOINT LIFE: younger covered spouse's attained age) is in a higher age band, then the higher age band will be used to determine the appropriate lifetime payment percentage. (However, if you decline any rider fee increase or if a withdrawal has been taken since the ALP was established, then the lifetime payment percentage will not change on subsequent birthdays.) - Upon annual step-ups (see "Annual Step ups" below). - For the Joint life rider, upon death or change in marital status: In the event of death or dissolution of marriage: (A) If no withdrawal has been taken since the ALP was established and no rider fee increase has been declined, the lifetime payment -------------------------------------------------------------------------------- 52 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS percentage will be reset based on the Age Band for the remaining covered spouse's attained age. (B) If the ALP is not established but the remaining covered spouse has reached the youngest age in the first Age Band, the remaining covered spouse's attained age will be used to determine the age band for the lifetime payment percentage. In the event of remarriage of the covered spouses to each other, the lifetime payment percentage used is the percentage for the younger covered spouse's attained age. The following determines whether percentage A or percentage B is used for each applicable age band: During the waiting period, percentage B will be used. If you take a withdrawal in the waiting period, percentage B will be used and the income bonus will not be available for as long as rider benefits are payable. If no withdrawal is taken during the waiting period, after the waiting period a comparison of your contract value and the withdrawal adjustment base (WAB) determines whether percentage A or percentage B is used to calculate the ALP unless the percentage is fixed as described below. Market volatility, a prolonged flat, low or down market, rider credits, and the deduction of charges all impact whether you are eligible for percentage A or percentage B. On each valuation date, if the benefit determining percentage is less than the 20% adjustment threshold, then percentage A is used in calculating your ALP, otherwise percentage B is used. The benefit determining percentage is calculated as follows, but it will not be less than zero: 1 - (A/B) where: A = Contract value at the end of the prior valuation period B = WAB at the end of the prior valuation period After the ALP is established and after the waiting period, the first withdrawal taken in each contract year will set and fix the lifetime payment percentage for the remainder of the contract year. Beginning on the next rider anniversary, the lifetime payment percentage can change on each valuation day as described above until a withdrawal is taken in that contract year. However, at the earliest of (1), (2) or (3) below Percentage A and Percentage B will be set and remain fixed as long as the benefit is payable: - if the ALP is established, when your contract value on a rider anniversary is less than two times the benefit base (BB) multiplied by percentage B for your current age band, or - when the contract value reduces to zero, or - on the date of death (JOINT LIFE: remaining covered spouse's date of death) when a death benefit is payable. For certain periods of time at our discretion and on a non-discriminatory basis, your lifetime payment percentage may be set by us to percentage A if more favorable to you. DETERMINATION OF ADJUSTMENTS OF BENEFIT VALUES: Your lifetime benefit values (benefit base (BB), credit base (CB) and withdrawal adjustment base (WAB)) and principal back guarantee (PBG) are determined at the following times and are subject to a maximum amount of $10 million each: - On the contract date: The WAB, CB, BB and PBG are set equal to the initial purchase payment. - When an additional purchase payment is made: If the WAB and CB are greater than zero, the WAB and CB will be increased by the amount of each additional purchase payment. The BB and PBG will be increased by the amount of each additional purchase payment. - When a withdrawal is taken: If the CB is greater than zero, the CB will be permanently reset to zero when the first withdrawal is taken, and there will be no additional rider credits. (a) If the first withdrawal is taken during the waiting period, the WAB will be permanently reset to zero. If the first withdrawal is taken after the waiting period, the WAB will be reduced by the "adjustment for withdrawal," as defined below. (b) if the ALP is established and the withdrawal is less than or equal to the RALP, the BB does not change and the PBG is reduced by the amount of the withdrawal, but it will not be less than zero. (c) if the ALP is not established, excess withdrawal processing will occur as follows. The BB will be reduced by the "adjustment for withdrawal," and the PBG will be reduced by the greater of the amount of the withdrawal or the "adjustment for withdrawal," but it will not be less than zero. (d) If the ALP is established and the withdrawal is greater than the RALP, excess withdrawal processing will occur as follows: The PBG will be reset to the lesser of: (i) the PBG reduced by the amount of the withdrawal, but it will not be less than zero; or -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 53 (ii) the PBG minus the RALP on the date of (but prior to) the withdrawal and further reduced by an amount calculated as follows, but it will not be less than zero: A X B ----- where: C
A = the amount of the withdrawal minus the RALP B = the PBG minus the RALP on the date of (but prior to) the withdrawal C = the contract value on the date of (but prior to) the withdrawal minus the RALP The BB will be reduced by an amount as calculated below: D X E ----- where: F
D = the amount of the withdrawal minus the RALP E = the BB on the date of (but prior to) the withdrawal F = the contract value on the date of (but prior to) the withdrawal minus the RALP. ADJUSTMENT FOR WITHDRAWAL DEFINITION: When the WAB, PBG or BB is reduced by a withdrawal in the same proportion as the contract value is reduced, the proportional amount deducted is the "adjustment for withdrawal." The "adjustment for withdrawal" is calculated as follows: G X H ----- where: I
G = the amount the contract value is reduced by the withdrawal H = the WAB, BB or PGB (as applicable) on the date of (but prior to) the withdrawal I = the contract value on the date of (but prior to) the withdrawal. RIDER ANNIVERSARY PROCESSING: The following describes how the WAB, BB and PBG are calculated on rider anniversaries, subject to the maximum amount of $10 million for each, and how the lifetime payment percentage can change on rider anniversaries. - The WAB on rider anniversaries: Unless the WAB is permanently reset to zero or you decline any rider fee increase, the WAB (after any rider credit is added) will be increased to the contract value, if the contract value is greater. - RIDER CREDITS: If you did not take any withdrawals and you did not decline any rider fee increase, rider credits are available for the first ten contract anniversaries. On the first anniversary, the rider credit equals the credit base (CB) 180 days following the rider effective date multiplied by 8%. On any subsequent anniversaries, the rider credit equals the CB as of the prior rider anniversary multiplied by 6%. On the first anniversary the BB and WAB will be set to the greater of the current BB, or the BB 180 days following the contract date increased by the rider credit and any additional purchase payments since 180 days following the rider effective date. On any subsequent rider credit dates the BB and WAB will be set to the greater of the current BB, or the BB on the prior anniversary increased by the rider credit and any additional purchase payments since the prior anniversary. If the CB is greater than zero, the CB will be permanently reset to zero on the 10(th) rider anniversary after any adjustment to the WAB and BB, and there will be no additional rider credits. - ANNUAL STEP UPS: Beginning with the first rider anniversary, an annual step-up may be available. If you decline any rider fee increase, future annual step- ups will no longer be available. The annual step-up will be executed on any rider anniversary where the contract value is greater than the PBG or the BB after any rider credit is added. If an annual step-up is executed, the PBG, BB and lifetime payment percentage will be adjusted as follows: The PBG will be increased to the contract value, if the contract value is greater. The BB (after any rider credit is added) will be increased to the contract value, if the contract value is greater. If the covered person's attained age (Joint Life: younger covered spouses attained age) on the rider anniversary is in a higher age band and (1) there is an increase to BB due to a step-up or (2) the BB is at the maximum of $10,000,000 so there was no step-up of the BB, then the higher age band will be used to determine the appropriate lifetime payment percentage, regardless of any prior withdrawals. OTHER PROVISIONS REQUIRED MINIMUM DISTRIBUTIONS (RMD): If you are taking RMDs from your contract and your RMD calculated separately for your contract is greater than the remaining annual lifetime payment on the most recent contract anniversary, the portion of -------------------------------------------------------------------------------- 54 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS your RMD that exceeds the benefit amount will not be subject to excess withdrawal processing provided that the following conditions are met: - The annual lifetime payment is established; - The RMD is for your contract alone; - The RMD is based on your recalculated life expectancy taken from the Uniform Lifetime Table under the Code; and - The RMD amount is otherwise based on the requirements of section 401(a) (9), related Code provisions and regulations thereunder that were in effect on the contract date. RMD rules follow the calendar year which most likely does not coincide with your contract year and therefore may limit when you can take your RMD and not be subject to excess withdrawal processing. If any withdrawal is taken in the waiting period, including RMDs, Percentage B for the applicable age band will be used as long as rider benefits are payable. Any withdrawals taken before the annual lifetime payment is established or withdrawing amounts greater than the remaining annual lifetime payment that do not meet these conditions will result in excess withdrawal processing. The amount in excess of the RALP that is not subject to excess withdrawal processing will be recalculated if the ALP changes due to a lifetime payment percentage changes. See Appendix F for additional information. SPOUSAL OPTION TO CONTINUE THE CONTRACT UPON OWNER'S DEATH (SPOUSAL CONTINUATION): SINGLE LIFE: If a surviving spouse elects to continue the contract and continues the contract as the new owner under the spousal continuation provision of the contract, the SecureSource Stages 2 -- Single Life rider terminates. JOINT LIFE: If a surviving spouse is a covered spouse and elects the spousal continuation provision of the contract as the new owner, the SecureSource Stages 2 -- Joint Life rider also continues. The surviving covered spouse can name a new beneficiary; however, a new covered spouse cannot be added to the rider. Unless you decline a rider fee increase, at the time of spousal continuation, a step-up may be available. All annual step-up rules (see "Rider Anniversary Processing -- Annual Step-Up" heading above) also apply to the spousal continuation step-up except that the RALP will be reduced for any prior withdrawals in that contract year. The WAB, if greater than zero, will be increased to the contract value if the contract value is greater. The spousal continuation step-up is processed on the valuation date spousal continuation is effective. RULES FOR SURRENDER: Minimum contract values following surrender no longer apply to your contract. For withdrawals, the withdrawal will be taken from all accounts and the variable subaccounts in the same proportion as your interest in each bears to the contract value. You cannot specify from which accounts the withdrawal is to be taken. If your contract value is reduced to zero, the CB, if greater than zero, will be permanently reset to zero, and there will be no additional rider credits. Also, the following will occur: - If the ALP is not established and if the contract value is reduced to zero as a result of fees or charges, then the owner must wait until the ALP would be established, and the ALP will be paid annually until the death of the covered person (JOINT LIFE: both covered spouses). - If the ALP is established and if the contract value is reduced to zero as a result of fees or charges, or as a result of a withdrawal that is less than or equal to the RALP, then the owner will receive the ALP paid annually until the death of the covered person (JOINT LIFE: both covered spouses). In either case above: - These annualized amounts will be paid in monthly installments. If the monthly payment is less than $100, We have the right to change the frequency, but no less frequently than annually. - We will no longer accept additional purchase payments. - No more charges will be collected for the rider. - The current ALP is fixed for as long as payments are made. - The death benefit becomes the remaining schedule of annual lifetime payments, if any, until total payments to the owner and the beneficiary are equal to the PBG at the time the contract value falls to zero. - The amount paid in the current contract year will be reduced for any prior withdrawals in that contract year. - If the ALP is not established and if the contract value is reduced to zero as a result of a withdrawal, this rider and the contract will terminate. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 55 - If the ALP is established and if the contract value is reduced to zero as a result of a withdrawal that is greater than the RALP, this rider and the contract will terminate. AT DEATH: SINGLE LIFE: If the contract is jointly owned and an owner dies when the contract value is greater than zero, the lifetime benefit for the covered person will cease even if the covered person is still living or if the contract is continued under the spousal continuation option. JOINT LIFE: If the death benefit becomes payable at the death of a covered spouse, the surviving covered spouse must utilize the spousal continuation option to continue the lifetime benefit. If spousal continuation is not available, the rider terminates. The lifetime benefit ends at the death of the surviving covered spouse. If the contract value is greater than zero when the death benefit becomes payable, the beneficiary may: - elect to take the death benefit under the terms of the contract, or - elect to take the principal back guarantee available under this rider, or - continue the contract and the SecureSource Stages 2 -- Joint Life rider under the spousal continuation option. - For single and joint life, if the beneficiary elects the principal back guarantee under this rider, the following will occur: 1. If the PBG is greater than zero and the ALP is established, the ALP on the date of death will be paid until total payments to the beneficiary are equal to the PBG on the date of death. 2. If the PBG is greater than zero and the ALP is not established, the BB on the date of death multiplied by the lifetime payment percentage used for the youngest age of the covered spouses in the first age band will be paid annually until total payments to the beneficiary are equal to the PBG on the date of death. - In either of the above cases: - After the date of death, there will be no additional rider credits or annual step-ups. - The lifetime payment percentage used will be set as of the date of death. - The amount paid in the current contract year will be reduced for any prior withdrawals in that year. 3. On the date of death (JOINT LIFE: remaining covered spouse's date of death), if the CB is greater than zero, the CB will be permanently reset to zero, and there will be no additional rider credits. 4. If the PBG equals zero, the benefit terminates. No further payments are made. CONTRACT OWNERSHIP CHANGE: SINGLE LIFE: If allowed by state law, change of ownership is subject to our approval. If there is a change of ownership and the covered person remains the same, the rider continues with no change to any of the rider benefits. If there is a change of ownership and the covered person would be different, the rider terminates. JOINT LIFE: Ownership changes are only allowed between the covered spouses or their revocable trust(s) and are subject to our approval, if allowed by state law. No other ownership changes are allowed as long as the rider is in force. ASSIGNMENT: If allowed by state law, an assignment is subject to our approval. ANNUITY PROVISIONS: If your annuitization start date is the maximum annuitization start date, you can choose one of the payout options available under the contract or an alternative fixed annuity payout option available under the SecureSource Stages 2 rider. Under the rider's payout option, the minimum amount payable shown in Table B, will not apply and you will receive the annual lifetime payment provided by this rider until the later of the death of the covered person (JOINT LIFE: both covered spouses) or depletion of the principal back guarantee. If you choose to receive the ALP, the amount payable each year will be equal to the annual lifetime payment on the annuitization start date. The amount paid in the current contract year will be reduced for any prior withdrawals in that year. These annualized amounts will be paid in monthly installments. If the monthly payment is less than $100, we have the right to change the frequency, but no less frequently than annually. If you choose to receive the ALP rather than a payout option available under the contract, all other contract features, rider features and charges terminate after the annuitization start date except for the PBG. RIDER TERMINATION The SecureSource Stages 2 rider cannot be terminated either by you or us except as follows: - SINGLE LIFE: a change of ownership that would result in a different covered person will terminate the rider. - SINGLE LIFE: after the death benefit is payable, the rider will terminate. - SINGLE LIFE: spousal continuation will terminate the rider. -------------------------------------------------------------------------------- 56 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS - JOINT LIFE: After the death benefit is payable the rider will terminate if anyone other than a covered spouse continues the contract. However, if the covered spouse continues the contract as an inherited IRA or as a beneficiary of a participant in an employer sponsored retirement plan, the rider will terminate. - On the annuitization start date, the rider will terminate. - You may terminate the rider if your annual rider fee after any increase is more than 0.25 percentage points higher than your fee before the increase. (See "Charges -- SecureSource Stages 2 rider charge"). - When the contract value is zero and either the annual lifetime payment is not established or a withdrawal in excess of the remaining annual lifetime payment is taken, the rider will terminate. - Termination of the contract for any reason will terminate the rider. For an example, see Appendix E. ACCUMULATION PROTECTOR BENEFIT RIDER The Accumulation Protector Benefit rider is an optional benefit that you may select for an additional charge. It is available for nonqualified annuities and qualified annuities. The Accumulation Protector Benefit rider specifies a waiting period that ends on the benefit date. The Accumulation Protector Benefit rider provides a one-time adjustment to your contract value on the benefit date if your contract value is less than the Minimum Contract Accumulation Value (defined below) on that benefit date. On the benefit date, if the contract value is equal to or greater than the Minimum Contract Accumulation Value, as determined under the Accumulation Protector Benefit rider, the Accumulation Protector Benefit rider ends without value and no benefit is payable. If the contract value falls to zero as the result of adverse market performance or the deduction of fees and/or charges at any time during the waiting period and before the benefit date, the contract and all riders, including the Accumulation Protector Benefit rider will terminate without value and no benefits will be paid. EXCEPTION: if you are still living on the benefit date, we will pay you an amount equal to the Minimum Contract Accumulation Value as determined under the Accumulation Protector Benefit rider on the valuation date your contract value reached zero. If you are age 80 or younger at contract issue and this rider is available in your state, you may elect the Accumulation Protector Benefit rider at the time you purchase your contract and the rider effective date will be the contract issue date. The Accumulation Protector Benefit rider may not be terminated once you have elected it except as described in the "Terminating the Rider" section below. An additional charge for the Accumulation Protector Benefit rider will be assessed annually during the waiting period. The rider ends when the waiting period expires, no further benefit will be payable, and no further charges for the rider will be deducted. After the waiting period, you have the following options: - Continue your contract; - Take partial surrenders or make a full surrender; or - Annuitize your contract. The Accumulation Protector Benefit rider may not be purchased with the optional SecureSource Stages 2 rider. You should consider whether an Accumulation Protector Benefit rider is appropriate for you because: - you must participate in the PN program and you must elect one of the investment options. This requirement limits your choice of investments. This means you will not be able to allocate contract value to all of the subaccounts, GPAs or the regular fixed account that are available under the contract to other contract owners who do not elect this rider. You may allocate qualifying purchase payments to the Special DCA fixed account, when available (see "The Special DCA Fixed Account"), and we will make monthly transfers into the investment option you have chosen. (See "Making the Most of Your Contract -- Portfolio Navigator Program"); - you may not make additional purchase payments to your contract during the waiting period after the first 180 days immediately following the effective date of the Accumulation Protector Benefit rider. Some exceptions apply (see "Additional Purchase Payments with Elective Step Up" below) In addition, we reserve the right to change these additional purchase payment limits, including making further restrictions, upon written notice; - if you purchase this contract as a qualified annuity, for example, an IRA, you may need to take partial surrenders from your contract to satisfy the RMDs under the Code. Partial surrenders, including those used to satisfy RMDs, will reduce any potential benefit that the Accumulation Protector Benefit rider provides. You should consult your tax advisor if you have any questions about the use of this rider in your tax situation; - if you think you may surrender all of your contract value before you have held your contract with this benefit rider attached for 10 years, or you are considering selecting an annuity payout option within 10 years of the effective date of your contract, you should consider whether this optional benefit is right for you. You must hold the contract a minimum of 10 years from the effective date of the Accumulation Protector Benefit rider, which is the length of the waiting period under -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 57 the Accumulation Protector Benefit rider, in order to receive the benefit, if any, provided by the Accumulation Protector Benefit rider. In some cases, as described below, you may need to hold the contract longer than 10 years in order to qualify for any benefit the Accumulation Protector Benefit rider may provide; - the 10 year waiting period under the Accumulation Protector Benefit rider will restart if you exercise the elective step-up option (described below) or your surviving spouse exercises the spousal continuation elective step-up (described below); and - the 10 year waiting period under the Accumulation Protector Benefit rider may be restarted if you elect to change your investment option to one that causes the Accumulation Protector Benefit rider fee to increase (see "Waiting Period'' below). Be sure to discuss with your financial advisor whether an Accumulation Protector Benefit rider is appropriate for your situation. HERE ARE SOME GENERAL TERMS THAT ARE USED TO DESCRIBE THE OPERATION OF THE ACCUMULATION PROTECTOR BENEFIT: BENEFIT DATE: This is the first valuation date immediately following the expiration of the waiting period. MINIMUM CONTRACT ACCUMULATION VALUE (MCAV): An amount calculated under the Accumulation Protector Benefit rider. The contract value will be increased to equal the MCAV on the benefit date if the contract value on the benefit date is less than the MCAV on the benefit date. ADJUSTMENTS FOR PARTIAL SURRENDERS: The adjustment made for each partial surrender from the contract is equal to the amount derived from multiplying (a) and (b) where: (a) is 1 minus the ratio of the contract value on the date of (but immediately after) the partial surrender to the contract value on the date of (but immediately prior to) the partial surrender; and (b) is the MCAV on the date of (but immediately prior to) the partial surrender. WAITING PERIOD: The waiting period for the rider is 10 years. We reserve the right to restart the waiting period on the latest contract anniversary if you change your investment option after we have exercised our rights to increase the rider fee. Waiting period will restart upon elective step ups and spousal continuation step ups. Your initial MCAV is equal to your initial purchase payment. It is increased by the amount of any subsequent purchase payments received within the first 180 days that the rider is effective. It is reduced by any adjustments for partial surrenders made during the waiting period. AUTOMATIC STEP UP On each contract anniversary after the effective date of the rider, the MCAV will be set to the greater of: 1. 80% of the contract value on the contract anniversary; or 2. the MCAV immediately prior to the automatic step up. The automatic step up does not create contract value, guarantee the performance of any investment option, or provide a benefit that can be surrendered or paid upon death. Rather, the automatic step up is an interim calculation used to arrive at the final MCAV, which is used to determine whether a benefit will be paid under the rider on the benefit date. The automatic step up of the MCAV does not restart the waiting period or increase the fee (although the total charge for the rider may increase). ELECTIVE STEP UP OPTION Within thirty days following each contract anniversary after the rider effective date, but prior to the benefit date, you may notify us in writing that you wish to exercise the annual elective step up option. You may exercise this elective step up option only once per contract year during this 30 day period. If your contract value on the valuation date we receive your written request to step up is greater than the MCAV on that date, your MCAV will increase to 100% of that contract value. We may increase the fee for your rider (see "Charges -- Accumulation Protector Benefit Rider Charge"). The revised fee would apply to your rider if you exercise the annual elective step up, your MCAV is increased as a result, and the revised fee is higher than your annual rider fee before the elective step up. Elective step ups will also result in a restart of the waiting period as of the most recent contract anniversary. The elective step up does not create contract value, guarantee the performance of any investment option or provide any benefit that can be surrendered or paid upon death. Rather the elective step up is an interim calculation used to arrive at the final MCAV, which is used to determine whether a benefit will be paid under the rider on the benefit date. The elective step up option is not available to non-spouse beneficiaries that continue the contract during the waiting period. -------------------------------------------------------------------------------- 58 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS The elective step up option is not available for inherited IRAs or if the benefit date would be after the annuitization start date. ADDITIONAL PURCHASE PAYMENTS WITH ANNUAL ELECTIVE STEP UPS If your MCAV is increased as a result of Elective Step Up, you have 180 days from the latest contract anniversary to make additional purchase payments, if allowed under the base contract. The MCAV will include the amount of any additional purchase payments received during this period. SPOUSAL CONTINUATION If a spouse chooses to continue the contract under the spousal continuation provision, the rider will continue as part of the contract. Once, within the thirty days following the date of spousal continuation, the spouse may choose to exercise an elective step up. The spousal continuation elective step up is in addition to the annual elective step up. If the contract value on the valuation date we receive the written request to exercise this option is greater than the MCAV on that date, we will increase the MCAV to that contract value. If the MCAV is increased as a result of the elective step up and we have increased the fee for the Accumulation Protector Benefit rider, you will pay the fee that is in effect on the valuation date we receive their written request to step up. In addition, the waiting period will restart as of the most recent contract anniversary. CHANGE OF OWNERSHIP OR ASSIGNMENT Subject to state limitations, a change of ownership or assignment is subject to our approval. TERMINATING THE RIDER The rider will terminate under the following conditions: The rider will terminate before the benefit date without paying a benefit on the date: - you take a full surrender; - on the annuitization start date; - the contract terminates as a result of the death benefit being paid; or - when a beneficiary elects an alternative payment plan which is an inherited IRA. The rider will terminate on the benefit date. For an example, see Appendix E. THE ANNUITY PAYOUT PERIOD As owner of the contract, you have the right to decide how and to whom annuity payouts will be made starting on the annuitization start date. You may select one of the annuity payout plans outlined below, or we may mutually agree on other payout arrangements. We do not deduct any surrender charges under the payout plans listed below except under annuity payout Plan E (See "Charges -- Surrender charge under Annuity Payout Plan E"). You also decide whether we will make annuity payouts on a fixed or variable basis, or a combination of fixed and variable. The amount available to purchase payouts under the plan you select is the contract value on your annuitization start date after any rider charges have been deducted, plus any positive or negative MVA(less any applicable premium tax). Additionally, we currently allow you to use part of the amount available to purchase payouts, leaving any remaining contract value to accumulate on a tax-deferred basis. If you select a variable annuity payout, we reserve the right to limit the number of subaccounts in which you may invest. The GPAs and the Special DCA fixed account are not available during this payout period. AMOUNTS OF FIXED AND VARIABLE PAYOUTS DEPEND ON: - the annuity payout plan you select; - the annuitant's age and, in most cases, sex; - the annuity table in the contract; and - the amounts you allocated to the accounts at settlement. In addition, for variable payouts only, amounts depend on the investment performance of the subaccounts you select. These payouts will vary from month to month because the performance of the funds will fluctuate. Fixed payouts remain the same from month to month. For information with respect to transfers between accounts after annuity payouts begin, see "Making the Most of Your Contract -- Transfer policies." -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 59 ANNUITY TABLES The annuity tables in your contract (Table A and Table B) show the amount of the monthly payout for each $1,000 of contract value according to the annuitant's age and, when applicable, the annuitant's sex. (Where required by law, we will use a unisex table of settlement rates.) Table A shows the amount of the first monthly variable payout assuming that the contract value is invested at the beginning of the annuity payout period and earns a 5% rate of return, which is reinvested and helps to support future payouts. If you ask us at least 30 days before the annuitization start date, we will substitute an annuity Table Based on an assumed 3.5% investment return for the 5% Table A in the contract. The assumed investment return affects both the amount of the first payout and the extent to which subsequent payouts increase or decrease. For example, annuity payouts will increase if the investment return is above the assumed investment return and payouts will decrease if the return is below the assumed investment return. Using the 5% assumed interest return results in a higher initial payout but later payouts will increase more slowly when annuity unit values rise and decrease more rapidly when they decline. Table B shows the minimum amount of each fixed payout. We declare current payout rates that we use in determining the actual amount of your fixed annuity payout. The current payout rates will equal or exceed the guaranteed payout rates shown in Table B. We will furnish these rates to you upon request. ANNUITY PAYOUT PLANS You may choose any one of these annuity payout plans by giving us written instructions at least 30 days the annuitization start date. - PLAN A: LIFE ANNUITY -- NO REFUND: We make monthly payouts until the annuitant's death. Payouts end with the last payout before the annuitant's death. We will not make any further payouts. This means that if the annuitant dies after we made only ONE monthly payout, we will not make any more payouts. - PLAN B: LIFE ANNUITY WITH FIVE, TEN, 15, OR 20 YEARS CERTAIN: We make monthly payouts for a guaranteed payout period of five, ten, 15, or 20 years that you elect. This election will determine the length of the payout period to the beneficiary if the annuitant should die before the elected period expires. We calculate the guaranteed payout period from the annuitization start date. If the annuitant outlives the elected guaranteed payout period, we will continue to make payouts until the annuitant's death. - PLAN C: LIFE ANNUITY -- INSTALLMENT REFUND: We make monthly payouts until the annuitant's death, with our guarantee that payouts will continue for some period of time. We will make payouts for at least the number of months determined by dividing the amount applied under this option by the first monthly payout, whether or not the annuitant is living. - PLAN D: JOINT AND LAST SURVIVOR LIFE ANNUITY -- NO REFUND: We make monthly payouts while both the annuitant and a joint annuitant are living. If either annuitant dies, we will continue to make monthly payouts at the full amount until the death of the surviving annuitant. Payouts end with the death of the second annuitant. - PLAN E: PAYOUTS FOR A SPECIFIED PERIOD: We make monthly payouts for a specific payout period of ten to 30 years that you elect. We will make payouts only for the number of years specified whether the annuitant is living or not. Depending on the selected time period, it is foreseeable that the annuitant can outlive the payout period selected. During the payout period, you can elect to have us determine the present value of any remaining variable payouts and pay it to you in a lump sum. We determine the present value of the remaining annuity payouts which are assumed to remain level at the amount of the payout that would have been made 7 days prior to the date we determine the present value. The discount rate we use in the calculation is 5.17% for the assumed investment return of 3.5% and 6.67% for the assumed investment return of 5%. (See "Charges -- Surrender charge under Annuity Payout Plan E.") You can also take a portion of the discounted value once a year. If you do so, your monthly payouts will be reduced by the proportion of your surrender to the full discounted value. A 10% IRS penalty tax could apply if you take surrender. (See "Taxes.") ANNUITY PAYOUT PLAN REQUIREMENTS FOR QUALIFIED ANNUITIES: If your contract is a qualified annuity, you have the responsibility for electing a payout plan under your contract that complies with applicable law. Your contract describes your payout plan options. The options will meet certain IRS regulations governing RMDs if the payout plan meets the incidental distribution benefit requirements, if any, and the payouts are made: - in equal or substantially equal payments over a period not longer than your life expectancy or over the joint life expectancy of you and your designated beneficiary; or - over a period certain not longer than your life expectancy or over the life expectancy of you and your designated beneficiary. For qualified and nonqualified contracts with the SecureSource Stages 2 rider, if your annuitization start date is the maximum annuitization start date, you can choose one of the payout options available under the contract or an alternative fixed annuity payout option available under the rider. Under the rider's payout option, the minimum amount payable shown in Table B will -------------------------------------------------------------------------------- 60 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS not apply, and you will receive the ALP provided by this rider until the later of the death of covered person (JOINT LIFE: both covered spouses) or depletion of the PBG. If you choose to receive the ALP, the amount payable each year will be equal to the ALP on the annuitization start date. The amount paid in the current contract year will be reduced for any prior withdrawals in that year. These annualized amounts will be paid in monthly installments. If the monthly payment is less than $100, we have the right to change the frequency, but no less frequently than annually. If you choose to receive the ALP rather than a payout option available under the contract, all other contract features, rider features and charges terminate after the annuitization start date except for the principal back guarantee. You must select a payout plan as of the annuitization start date set forth in your contract. IF WE DO NOT RECEIVE INSTRUCTIONS: You must give us written instructions for the annuity payouts at least 30 days before the annuitization start date. If you do not, we will make payouts under Plan B, with 120 monthly payouts guaranteed. IF MONTHLY PAYOUTS WOULD BE LESS THAN $20: We will calculate the amount of monthly payouts at the time amounts are applied to a payout plan. If the calculations show that monthly payouts would be less than $20, we have the right to pay the amount that would otherwise have been applied to a plan to the owner in a lump sum or to change the frequency of the payouts. DEATH AFTER ANNUITY PAYOUTS BEGIN: If you die after annuity payouts begin, we will pay any amount payable to the beneficiary as provided in the annuity payout plan in effect. TAXES Under current law, your contract has a tax-deferral feature. Generally, this means you do not pay income tax until there is a taxable distribution (or deemed distribution) from the contract. We will send a tax information reporting form for any year in which we made a taxable or reportable distribution according to our records. NONQUALIFIED ANNUITIES Generally, only the increase in the value of a non-qualified annuity contract over the investment in the contract is taxable. Certain exceptions apply. Federal tax law requires that all nonqualified deferred annuity contracts issued by the same company (and possibly its affiliates) to the same owner during a calendar year be taxed as a single, unified contract when distributions are taken from any one of those contracts. ANNUITY PAYOUTS: Generally, unlike surrenders described below, the taxation of annuity payouts is subject to exclusion ratios, i.e. a portion of each payout will be ordinary income and subject to tax, and a portion of each payout will be considered a return of part of your investment in the contract and will not be taxed. All amounts you receive after your investment in the contract is fully recovered will be subject to tax. Under Annuity Payout Plan A: Life annuity -- no refund, where the annuitant dies before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the owner for the last taxable year. Under all other annuity payout plans, where the annuity payouts end before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the taxpayer for the tax year in which the payouts end. (See "The Annuity Payout Period -- Annuity Payout Plans.") Beginning in 2011, federal tax law permits taxpayers to annuitize a portion of their nonqualified annuity while leaving the remaining balance to continue to grow tax-deferred. Under the new partial annuitization rules, the portion annuitized must be received as an annuity for a period of 10 years or more, or for the lives of one or more individuals. If this requirement is met, the annuitized portion and the tax-deferred balance will generally be treated as two separate contracts for income tax purposes only. If a contract is partially annuitized, the investment in the contract is allocated between the deferred and the annuitized portions on a pro rata basis. SURRENDERS: Generally, if you surrender all or part of your nonqualified annuity before the annuitization start date, including surrenders under any optional withdrawal benefit rider, your surrender will be taxed to the extent that the contract value immediately before the surrender exceeds the investment in the contract. Different rules may apply if you exchange another contract into this contract. You also may have to pay a 10% IRS penalty for surrenders of taxable income you make before reaching age 59 1/2 unless certain exceptions apply. WITHHOLDING: If you receive taxable income as a result of an annuity payout or surrender, including surrenders under any optional withdrawal benefit rider, we may deduct federal, and in some cases state withholding against the payment. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, and you have a valid U.S. address, you may be able to elect not to have any withholding occur. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 61 If the payment is part of an annuity payout plan, we generally compute the amount of withholding using payroll tables. You may provide us with a statement of how many exemptions to use in calculating the withholding. If the distribution is any other type of payment (such as partial or full surrender) we compute withholding using 10% of the taxable portion. The withholding requirements differ if we deliver payment outside the United States and/or you are a non-resident alien. Some states also may impose withholding requirements similar to the federal withholding described above. If this should be the case, we may deduct state withholding from the payment. DEATH BENEFITS TO BENEFICIARIES: The death benefit under a nonqualified contract is not exempt from estate (federal or state) or income taxes. In addition, any amount your beneficiary receives that exceeds the investment in the contract is taxable as ordinary income to the beneficiary in the year he or she receives the payments. (See "Benefits in Case of Death -- If You Die Before the Annuitization Start Date"). ANNUITIES OWNED BY CORPORATIONS, PARTNERSHIPS OR IRREVOCABLE TRUSTS: For nonqualified annuities, any annual increase in the value of annuities held by such entities (nonnatural persons) generally will be treated as ordinary income received during that year. However, if the trust was set up for the benefit of a natural person only, the income will generally remain tax-deferred. PENALTIES: If you receive amounts from your nonqualified annuity before reaching age 59 1/2, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty will not apply to any amount received: - because of your death or in the event of nonnatural ownership, the death of the annuitant; - because you become disabled (as defined in the Code); - if the distribution is part of a series of substantially equal periodic payments, made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary); - if it is allocable to an investment before Aug. 14, 1982; or - if annuity payouts are made under immediate annuities as defined by the Code. TRANSFER OF OWNERSHIP: Generally, if you transfer ownership of a nonqualified annuity without receiving adequate consideration, the transfer may be treated as surrender for federal income tax purposes. If the transfer is a currently taxable event for income tax purposes, the original owner will be taxed on the amount of deferred earnings at the time of the transfer and also may be subject to the 10% IRS penalty discussed earlier. In this case, the new owner's investment in the contract will be the value of the contract at the time of the transfer. In general, this rule does not apply to transfers between spouses or former spouses. Please consult your tax advisor for further details. 1035 EXCHANGES: Section 1035 of the Code permits nontaxable exchanges of certain insurance policies, endowment contracts, annuity contracts and qualified long- term care insurance products, while providing for continued tax deferral of earnings. In addition, Section 1035 permits the carryover of the cost basis from the old policy or contract to the new policy or contract. A 1035 exchange is a transfer from one policy or contract to another policy or contract. The following are nontaxable exchanges: (1) the exchange of a life insurance policy for another life insurance policy or for an endowment, annuity or qualified long-term care insurance contract, (2) the exchange of an endowment contract for an annuity or qualified long-term care insurance contract, or for an endowment contract under which payments will begin no later than payments would have begun under the contract exchanged, (3) the exchange of an annuity contract for another annuity contract or for a qualified long-term care insurance contract, and (4) the exchange of a qualified long-term care insurance contract for a or qualified long-term care insurance contract. However, if the life insurance policy has an outstanding loan, there are may be tax consequences. Depending on the issue date of your original policy or contract, there may be tax or other benefits that are given up to gain the benefits of the new policy or contract. Consider whether the features and benefits of the new policy or contract outweigh any tax or other benefits of the old contract. For a partial exchange of an annuity contract for another annuity contract, the 1035 exchange is generally tax-free. The investment in the original contract and the earnings on the contract will be allocated proportionately between the original and new contracts. However, IRS Revenue Procedure 2008-24 states if withdrawals are taken from either contract within a 12 month period following a partial exchange, the 1035 exchange may be invalidated. In that case, the following will occur 1) the tax-free nature of the partial exchange can be lost, 2) the exchange will be retroactively treated as a taxable surrender on the lesser of the earnings in the original contract or the amount exchanged and 3) the entire amount of the exchange will be treated as a purchase into the second contract. You may receive an amended Form 1099-R reporting an invalidated exchange. (If certain life events occur between the date of the partial exchange and the date of the withdrawal in the first 12 months, the partial exchange could remain valid.) You should consult your tax advisor before taking any surrender from either contract. ASSIGNMENT: If you assign or pledge your contract as collateral for a loan, earnings on purchase payments you made after Aug. 13, 1982 will be taxed as a deemed distribution and you may have to pay a 10% IRS penalty. -------------------------------------------------------------------------------- 62 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS QUALIFIED ANNUITIES Adverse tax consequences may result if you do not ensure that contributions, distributions and other transactions under the contract comply with the law. Qualified annuities have minimum distribution rules that govern the timing and amount of distributions. You should refer to your retirement plan's Summary Plan Description, your IRA disclosure statement, or consult a tax advisor for additional information about the distribution rules applicable to your situation. When you use your contract to fund a retirement plan or IRA that is already tax- deferred under the Code, the contract will not provide any necessary or additional tax deferral. If your contract is used to fund an employer sponsored plan, your right to benefits may be subject to the terms and conditions of the plan regardless of the terms of the contract. ANNUITY PAYOUTS: Under a qualified annuity, except a Roth IRA, the entire payout generally is includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non-deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars. ANNUITY PAYOUTS FROM ROTH IRAS: In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59 1/2 and meet the five year holding period. SURRENDERS: Under a qualified annuity, except a Roth IRA, the entire surrender will generally be includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non-deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars. SURRENDERS FROM ROTH IRAS: In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59 1/2 and meet the five year holding period. REQUIRED MINIMUM DISTRIBUTIONS: Retirement plans (except for Roth IRAs) are subject to required surrenders called required minimum distributions ("RMDs") beginning at age 70 1/2. RMDs are based on the fair market value of your contract at year-end divided by the life expectancy factor. Certain death benefits and optional riders may be considered in determining the fair market value of your contract for RMD purposes. This may cause your RMD to be higher. You should consult your tax advisor prior to making a purchase for an explanation of the potential tax implications to you. Inherited IRAs (including inherited Roth IRAs) are subject to special required minimum distribution rules. WITHHOLDING FOR IRAS, ROTH IRAS AND SEPS: If you receive taxable income as a result of an annuity payout or a surrender, including surrenders under any optional withdrawal benefit rider, we may deduct withholding against the payment. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, you can elect not to have any withholding occur. If the payment is part of an annuity payout plan, we generally compute the amount of withholding using payroll tables. You may provide us with a statement of how many exemptions to use in calculating the withholding. If the distribution is any other type of payment (such as a partial or full surrender) we compute withholding using 10% of the taxable portion. The withholding requirements differ if we deliver payment outside the United States and/or you are a non-resident alien. Some states also may impose withholding requirements similar to the federal withholding described above. If this should be the case, we may deduct state withholding from the payment. WITHHOLDING FOR ALL OTHER QUALIFIED ANNUITIES: If you receive directly all or part of the contract value from a qualified annuity, mandatory 20% federal income tax withholding (and possibly state income tax withholding) generally will be imposed at the time the payout is made from the plan. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. This mandatory withholding will not be imposed if instead of receiving the distribution check, you elect to have the distribution rolled over directly to an IRA or another eligible plan. Payments made to a surviving spouse instead of being directly rolled over to an IRA are also subject to mandatory 20% income tax withholding. In the below situations, the distribution is subject to an optional 10% withholding instead of the mandatory 20% withholding. We will withhold 10% of the distribution amount unless you elect otherwise. - the payout is one in a series of substantially equal periodic payouts, made at least annually, over your life or life expectancy (or the joint lives or life expectancies of you and your designated beneficiary) or over a specified period of 10 years or more; - the payout is a RMD as defined under the Code; - the payout is made on account of an eligible hardship; or - the payout is a corrective distribution. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 63 State withholding also may be imposed on taxable distributions. PENALTIES: If you receive amounts from your qualified contract before reaching age 59 1/2, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty generally will not apply to any amount received: - because of your death; - because you become disabled (as defined in the Code); - if the distribution is part of a series of substantially equal periodic payments made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary); - if the distribution is made following severance from employment during the calendar year in which you attain age 55 (TSAs and annuities funding 401(a) plans only); - to pay certain medical or education expenses (IRAs only); or - if the distribution is made from an inherited IRA. DEATH BENEFITS TO BENEFICIARIES: The entire death benefit generally is taxable as ordinary income to the beneficiary in the year he/she receives the payments from the qualified annuity. If you made non-deductible contributions to a traditional IRA, the portion of any distribution from the contract that represents after-tax contributions is not taxable as ordinary income to your beneficiary. You are responsible for keeping all records tracking your non- deductible contributions to an IRA. Death benefits under a Roth IRA generally are not taxable as ordinary income to the beneficiary if certain distribution requirements are met. (See "Benefits in Case of Death -- If You Die Before the Annuitization Start Date"). ASSIGNMENT: You may not assign or pledge your qualified contract as collateral for a loan. OTHER SPECIAL CONSIDERATIONS IF YOU SELECT ANY OPTIONAL RIDER: As of the date of this prospectus, we believe that charges related to these riders are not subject to current taxation. Therefore, we will not report these charges as partial surrenders from your contract. However, the IRS may determine that these charges should be treated as partial surrenders subject to taxation to the extent of any gain as well as the 10% tax penalty for surrenders before the age of 59 1/2, if applicable. We reserve the right to report charges for these riders as partial surrenders if we, as a withholding and reporting agent, believe that we are required to report them. In addition, we will report any benefits attributable to these riders on your death as an annuity death benefit distribution, not as proceeds from life insurance. IMPORTANT: Our discussion of federal tax laws is based upon our understanding of current interpretations of these laws. Federal tax laws or current interpretations of them may change. For this reason and because tax consequences are complex and highly individual and cannot always be anticipated, you should consult a tax advisor if you have any questions about taxation of your contract. RIVERSOURCE LIFE'S TAX STATUS: We are taxed as a life insurance company under the Code. For federal income tax purposes, the subaccounts are considered a part of our company, although their operations are treated separately in accounting and financial statements. Investment income is reinvested in the fund in which each subaccount invests and becomes part of that subaccount's value. This investment income, including realized capital gains, is not subject to any withholding because of federal or state income taxes. We reserve the right to make such a charge in the future if there is a change in the tax treatment of variable annuities or in our tax status as we then understand it. TAX QUALIFICATION: We intend that the contract qualify as an annuity for federal income tax purposes. To that end, the provisions of the contract are to be interpreted to ensure or maintain such tax qualification, in spite of any other provisions of the contract. We reserve the right to amend the contract to reflect any clarifications that may be needed or are appropriate to maintain such qualification or to conform the contract to any applicable changes in the tax qualification requirements. We will send you a copy of any amendments. VOTING RIGHTS As a contract owner with investments in the subaccounts, you may vote on important fund policies until annuity payouts begin. Once they begin, the person receiving them has voting rights. We will vote fund shares according to the instructions of the person with voting rights. Before annuity payouts begin, the number of votes you have is determined by applying your percentage interest in each subaccount to the total number of votes allowed to the subaccount. After annuity payouts begin, the number of votes you have is equal to: - the reserve held in each subaccount for your contract; divided by - the net asset value of one share of the applicable fund. -------------------------------------------------------------------------------- 64 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS As we make annuity payouts, the reserve for the contract decreases; therefore, the number of votes also will decrease. We calculate votes separately for each subaccount. We will send notice of shareholders' meetings, proxy materials and a statement of the number of votes to which the voter is entitled. We will vote shares for which we have not received instructions in the same proportion as the votes for which we received instructions. We also will vote the shares for which we have voting rights in the same proportion as the votes for which we received instructions. SUBSTITUTION OF INVESTMENTS We may substitute the funds in which the subaccounts invest if: - laws or regulations change; - the existing funds become unavailable; or - in our judgment, the funds no longer are suitable (or no longer the most suitable) for the subaccounts. If any of these situations occur, and if we believe it is in the best interest of persons having voting rights under the contract, we have the right to substitute a fund currently listed in this prospectus (existing fund) for another fund (new fund). The new fund may have higher fees and/or operating expenses than the existing fund. Also, the new fund may have investment objectives and policies and/or investment advisers which differ from the existing fund. We may also: - add new subaccounts; - combine any two or more subaccounts; - transfer assets to and from the subaccounts or the variable account; and - eliminate or close any subaccounts. We will notify you of any substitution or change. If we notify you that a subaccount will be eliminated or closed, you will have a certain period of time to tell us where to reallocate purchase payments or contract value currently allocated to that subaccount. If we do not receive your reallocation instructions by the due date, we automatically will reallocate to the subaccount investing in the Columbia Variable Portfolio -- Cash Management Fund. You may then transfer this reallocated amount in accordance with the transfer provisions of your contract (see "Transferring Between Accounts" above). In the event of substitution or any of these changes, we may amend the contract and take whatever action is necessary and appropriate without your consent or approval. However, we will not make any substitution or change without the necessary approval of the SEC and state insurance departments. ABOUT THE SERVICE PROVIDERS PRINCIPAL UNDERWRITER RiverSource Distributors, Inc. (RiverSource Distributors), our affiliate, serves as the principal underwriter and general distributor of the contract. Its offices are located at 829 Ameriprise Financial Center, Minneapolis, MN 55474. RiverSource Distributors is a wholly-owned subsidiary of Ameriprise Financial, Inc. SALES OF THE CONTRACT - Only securities broker-dealers ("selling firms") registered with the SEC and members of the FINRA may sell the contract. - The contracts are continuously offered to the public through authorized selling firms. We and RiverSource Distributors have a sales agreement with the selling firm. The sales agreement authorizes the selling firm to offer the contracts to the public. RiverSource Distributors pays the selling firm (or an affiliated insurance agency) for contracts its financial advisors sell. The selling firm may be required to return sales commissions under certain circumstances including but not limited to when contracts are returned under the free look period. PAYMENTS TO SELLING FIRMS - We may use compensation plans which vary by selling firm. For example, some of these plans pay selling firms a commission of up to 7.50% each time you make a purchase payment. We may also pay ongoing trail commissions of up to 1.25% of the contract value. We do not pay or withhold payment of commissions based on which investment options you select. - We may pay selling firms a temporary additional sales commission of up to 1% of purchase payments for a period of time we select. For example, we may offer to pay a temporary additional sales commission to get selling firms to market a new or enhanced contract or to increase sales during the period. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 65 - In addition to commissions, we may, in order to promote sales of the contracts, and as permitted by applicable laws and regulations, pay or provide selling firms with other promotional incentives in cash, credit or other compensation. We generally (but may not) offer these promotional incentives to all selling firms. The terms of such arrangements differ between selling firms. These promotional incentives may include but are not limited to: - sponsorship of marketing, educational, due diligence and compliance meetings and conferences we or the selling firm may conduct for financial advisors, including subsidy of travel, meal, lodging, entertainment and other expenses related to these meetings; - marketing support related to sales of the contract including for example, the creation of marketing materials, advertising and newsletters; - providing service to contract owners; and - funding other events sponsored by a selling firm that may encourage the selling firm's financial advisors to sell the contract. These promotional incentives or reimbursements may be calculated as a percentage of the selling firm's aggregate, net or anticipated sales and/or total assets attributable to sales of the contract, and/or may be a fixed dollar amount. As noted below this additional compensation may cause the selling firm and its financial advisors to favor the contracts. SOURCES OF PAYMENTS TO SELLING FIRMS We pay the commissions and other compensation described above from our assets. Our assets may include: - revenues we receive from fees and expenses that you will pay when buying, owning and surrendering the contract (see "Expense Summary"); - compensation we or an affiliate receive from the underlying funds in the form of distribution and services fees (see "The Variable Account and the Funds -- The funds"); - compensation we or an affiliate receive from a fund's investment adviser, subadviser, distributor or an affiliate of any of these (see "The Variable Account and the Funds -- The funds"); and - revenues we receive from other contracts and policies we sell that are not securities and other businesses we conduct. You do not directly pay the commissions and other compensation described above as the result of a specific charge or deduction under the contract. However, you may pay part or all of the commissions and other compensation described above indirectly through: - fees and expenses we collect from contract owners, including surrender charges; and - fees and expenses charged by the underlying funds in which the subaccounts you select invest, to the extent we or one of our affiliates receive revenue from the funds or an affiliated person. POTENTIAL CONFLICTS OF INTEREST Compensation payment arrangements with selling firms can potentially: - give selling firms a heightened financial incentive to sell the contract offered in this prospectus over another investment with lower compensation to the selling firm. - cause selling firms to encourage their financial advisors to sell you the contract offered in this prospectus instead of selling you other alternative investments that may result in lower compensation to the selling firm. - cause selling firms to grant us access to its financial advisors to promote sales of the contract offered in this prospectus, while denying that access to other firms offering similar contracts or other alternative investments which may pay lower compensation to the selling firm. PAYMENTS TO FINANCIAL ADVISORS - The selling firm pays its financial advisors. The selling firm decides the compensation and benefits it will pay its financial advisors. - To inform yourself of any potential conflicts of interest, ask your financial advisor before you buy how the selling firm and its financial advisors are being compensated and the amount of the compensation that each will receive if you buy the contract. ISSUER We issue the contracts. We are a stock life insurance company organized in 1957 under the laws of the state of Minnesota and are located at 829 Ameriprise Financial Center, Minneapolis, MN 55474. We are a wholly-owned subsidiary of Ameriprise Financial, Inc. We conduct a conventional life insurance business. We are licensed to do business in 49 states, the District of Columbia and American Samoa. Our primary products currently include fixed and variable annuity contracts and life insurance policies. -------------------------------------------------------------------------------- 66 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS LEGAL PROCEEDINGS Life insurance companies have been the subject of increasing regulatory, legislative and judicial scrutiny. Numerous state and federal regulatory agencies have commenced examinations and other inquiries of insurance companies regarding sales and marketing practices (including sales to older consumers and disclosure practices), compensation arrangements and anticompetitive activities. RiverSource Life is involved in the normal course of business in a number of other legal, arbitration and regulatory proceedings concerning matters arising in connection with the conduct of its business activities. RiverSource Life believes that it is not a party to, nor are any of its properties the subject of, any pending legal, arbitration or regulatory proceedings that would have a material adverse effect on its consolidated financial condition, results of operations or liquidity. However, it is possible that the outcome of any such proceedings could have a material adverse impact on results of operations in any particular reporting period as the proceedings are resolved. ADDITIONAL INFORMATION INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE To the extent and only to the extent that any statement in a document incorporated by reference into this prospectus is modified or superseded by a statement in this prospectus or in a later-filed document, such statement is hereby deemed so modified or superseded and not part of this prospectus. The Annual Report on Form 10-K of RiverSource Life Insurance Company for the year ended Dec. 31, 2010 that we previously filed with the SEC under the Securities Exchange Act of 1934 (1934 Act) is incorporated by reference into this prospectus. To access these documents, see "SEC Filings" under "Investors Relations" on our website at www.ameriprise.com. RiverSource Life will furnish you without charge a copy of any or all of the documents incorporated by reference into this prospectus, including any exhibits to such documents which have been specifically incorporated by reference. We will do so upon receipt of your written or oral request. You can contact RiverSource Life at the telephone number and address listed on the first page of this prospectus. AVAILABLE INFORMATION This prospectus is part of a registration statement we file with the SEC. Additional information on RiverSource Life and on this offering is available in the registration statement and other materials we file. You can obtain copies of these materials at the SEC's Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains an Internet site that contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC. This prospectus, other information about the contract and other information incorporated by reference are available on the EDGAR Database on the SEC's Internet site at (http://www.sec.gov). INDEMNIFICATION Insofar as indemnification for liabilities arising under the Securities Act of 1933 (1933 Act) may be permitted to directors and officers or persons controlling RiverSource Life pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the 1933 Act and is therefore unenforceable. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 67 APPENDIX A: THE FUNDS UNLESS THE PN PROGRAM IS IN EFFECT, YOU MAY ALLOCATE PURCHASE PAYMENTS AND TRANSFERS TO ANY OR ALL OF THE SUBACCOUNTS OF THE VARIABLE ACCOUNT THAT INVEST IN SHARES OF THE FOLLOWING FUNDS:
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- AllianceBernstein Seeks long-term growth of capital. AllianceBernstein L.P. VPS Large Cap Growth Portfolio (Class B) ---------------------------------------------------------------------------------------- American Century Seeks long-term capital growth. Income is a American Century VP Value, Class secondary objective. Investment Management, II Inc. ---------------------------------------------------------------------------------------- Columbia Variable Seeks maximum total investment return Columbia Management Portfolio - Bala- through a combination of capital growth and Investment Advisers, LLC nced Fund (Class current income. 3) (previously RiverSource Variable Portfolio - Bala- nced Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks maximum current income consistent Columbia Management Portfolio - Cash with liquidity and stability of principal. Investment Advisers, LLC Management Fund (Class 2) (previously RiverSource Variable Portfolio - Cash Management Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income while Columbia Management Portfolio - Dive- attempting to conserve the value of the Investment Advisers, LLC rsified Bond Fund investment for the longest period of time. (Class 2) (previously RiverSource Variable Portfolio - Dive- rsified Bond Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income and, as Columbia Management Portfolio - Dive- a secondary goal, steady growth of capital. Investment Advisers, LLC rsified Equity Income Fund (Class 2) (previously RiverSource Variable Portfolio - Dive- rsified Equity Income Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks capital appreciation. Columbia Management Portfolio - Dyna- Investment Advisers, LLC mic Equity Fund (Class 2) (previously RiverSource Variable Portfolio - Dyna- mic Equity Fund (Class 2)) ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Emer- Investment Advisers, ging Markets LLC, adviser; Opportunity Fund Threadneedle (Class 2) International Limited, (previously an indirect wholly-owned Threadneedle subsidiary of Ameriprise Variable Financial, sub-adviser. Portfolio - Emer- ging Markets Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Non-diversified fund that seeks high total Columbia Management Portfolio - Glob- return through income and growth of Investment Advisers, LLC al Bond Fund capital. (Class 2) (previously RiverSource Variable Portfolio - Glob- al Bond Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Non-diversified fund that seeks total Columbia Management Portfolio - Glob- return that exceeds the rate of inflation Investment Advisers, LLC al Inflation over the long term. Protected Securities Fund (Class 2) (previously RiverSource Variable Portfolio - Glob- al Inflation Protected Securities Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks total return, consisting of a high Columbia Management Portfolio - High level of income and capital appreciation. Investment Advisers, LLC Income Fund, Class 2 (previously Columbia High Yield Fund, Variable Series, Class B)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high current income, with capital Columbia Management Portfolio - High growth as a secondary objective. Investment Advisers, LLC Yield Bond Fund (Class 2) (previously RiverSource Variable Portfolio - High Yield Bond Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high total return through current Columbia Management Portfolio - Inco- income and capital appreciation. Investment Advisers, LLC me Opportunities Fund (Class 2) (previously RiverSource Variable Portfolio - Inco- me Opportunities Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks capital appreciation. Columbia Management Portfolio - In- Investment Advisers, ternational LLC, adviser; Opportunity Fund Threadneedle (Class 2) International Limited, (previously an indirect wholly-owned Threadneedle subsidiary of Ameriprise Variable Financial, sub-adviser. Portfolio - In- ternational Opportunity Fund (Class 2)) ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Large Investment Advisers, LLC Cap Growth Fund (Class 2) (previously Seligman Variable Portfolio - Grow- th Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks level of current income consistent Columbia Management Portfolio - Limi- with preservation of capital. Investment Advisers, LLC ted Duration Credit Fund (Class 2) (previously RiverSource Variable Portfolio - Limi- ted Duration Bond Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Mars- Investment Advisers, ico International LLC, adviser; Marsico Opportunities Capital Management, LLC, Fund, Class 2 subadviser. (previously Columbia Marsico International Opportunities Fund, Variable Series, Class B)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks growth of capital. Columbia Management Portfolio - Mid Investment Advisers, LLC Cap Growth Opportunity Fund (Class 2) (previously RiverSource Variable Portfolio - Mid Cap Growth Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Mid Investment Advisers, LLC Cap Value Opportunity Fund (Class 2) (previously RiverSource Variable Portfolio - Mid Cap Value Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital appreciation. Columbia Management Portfolio - S&P Investment Advisers, LLC 500 Index Fund (Class 3) (previously RiverSource Variable Portfolio - S&P 500 Index Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Sele- Investment Advisers, LLC ct Large-Cap Value Fund (Class 2) (previously Seligman Variable Portfolio - Larg- er-Cap Value Fund (Class 2)) ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Sele- Investment Advisers, LLC ct Smaller-Cap Value Fund (Class 2) (previously Seligman Variable Portfolio - Smal- ler-Cap Value Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income and Columbia Management Portfolio - Short safety of principal consistent with Investment Advisers, LLC Duration U.S. investment in U.S. government and Government Fund government agency securities. (Class 2) (previously RiverSource Variable Portfolio - Short Duration U.S. Government Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income and Columbia Management Portfolio - Stra- capital growth as a secondary objective. Investment Advisers, LLC tegic Income Fund, Class 2 (previously Columbia Strategic Income Fund, Variable Series, Class B) ---------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks long-term capital appreciation. Fidelity Management & Contrafund(R) Normally invests primarily in common Research Company (FMR) Portfolio Service stocks. Invests in securities of companies is the fund's manager. Class 2 whose value it believes is not fully Fidelity Investments recognized by the public. Invests in either Money Management, Inc. "growth" stocks or "value" stocks or both. (FIMM) and other The fund invests in domestic and foreign affiliates of FMR serve issuers. as sub-advisers for the fund. ---------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks long-term growth of capital. Normally FMR is the fund's Mid Cap Portfolio invests primarily in common stocks. manager. FIMM and other Service Class 2 Normally invests at least 80% of assets in affiliates of FMR serve securities of companies with medium market as sub-advisers for the capitalizations. May invest in companies fund. with smaller or larger market capitalizations. Invests in domestic and foreign issuers. The Fund invests in either "growth" or "value" common stocks or both. ---------------------------------------------------------------------------------------- FTVIPT Franklin Seeks long-term total return. The fund Franklin Advisory Small Cap Value normally invests at least 80% of its net Services, LLC Securities assets in investments of small Fund - Class 2 capitalization companies. ---------------------------------------------------------------------------------------- FTVIPT Mutual Seeks capital appreciation, with income as Franklin Mutual Shares Securities a secondary goal. The fund normally invests Advisers, LLC Fund - Class 2 primarily in U.S. and foreign equity securities that the manager believes are undervalued. ---------------------------------------------------------------------------------------- Janus Aspen Seeks long-term growth of capital in a Janus Capital Management Series Janus manner consistent with the preservation of LLC Portfolio: capital. Service Shares ---------------------------------------------------------------------------------------- MFS(R) Utilities Seeks total return. MFS Investment Series - Service Management(R) Class ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Morgan Stanley Seeks long-term capital growth by investing Morgan Stanley UIF Mid Cap primarily in common stocks and other equity Investment Management Growth Portfolio, securities. Inc. Class II Shares (previously Van Kampen's UIF Mid Cap Growth Portfolio, Class II Shares) ---------------------------------------------------------------------------------------- Neuberger Berman Seeks long-term growth of capital by Neuberger Berman Advisers investing primarily in securities of Management LLC Management Trust companies that meet the Fund's financial Socially criteria and social policy. Responsive Portfolio (Class S) ---------------------------------------------------------------------------------------- Oppenheimer Seeks long-term capital appreciation. OppenheimerFunds, Inc. Global Securities Fund/VA, Service Shares ---------------------------------------------------------------------------------------- Oppenheimer Main Seeks capital appreciation. OppenheimerFunds, Inc. Street Small- & Mid-Cap Fund(R)/VA, Service Shares (previously Oppenheimer Main Street Small Cap Fund/VA, Service Shares) ---------------------------------------------------------------------------------------- PIMCO VIT All Seeks maximum real return consistent with Pacific Investment Asset Portfolio, preservation of real capital and prudent Management Company LLC Advisor Share investment management. Class ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Aggr- consistent with an aggressive level of Investment Advisers, LLC essive Portfolio risk. This is a "fund of funds" and seeks (Class 2) to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a small amount in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Al- Investment Advisers, lianceBernstein LLC, adviser; International AllianceBernstein L.P., Value Fund (Class subadviser. 2) ---------------------------------------------------------------------------------------- Variable Seeks high level of current income. Columbia Management Portfolio - Amer- Investment Advisers, ican Century LLC, adviser; American Diversified Bond Century Investment Fund (Class 2) Management, Inc., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Amer- Investment Advisers, ican Century LLC, adviser; American Growth Fund Century Investment (Class 2) Management, Inc., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Colu- Investment Advisers, mbia Wanger LLC, adviser; Columbia International Wanger Asset Management Equities Fund LLC, subadviser. (Class 2) ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Colu- Investment Advisers, mbia Wanger U.S. LLC, adviser; Columbia Equities Fund Wanger Asset Management (Class 2) LLC, subadviser. ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Cons- consistent with a conservative level of Investment Advisers, LLC ervative risk. This is a "fund of funds" and seeks Portfolio (Class to achieve its objective by investing in a 2) combination of underlying funds. The fund invests primarily in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Davis Investment Advisers, New York Venture LLC, adviser; Davis Fund (Class 2) Selected Advisers, L.P., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks high level of current income. Columbia Management Portfolio - Eaton Investment Advisers, Vance Floating- LLC, adviser; Eaton Rate Income Fund Vance Management, (Class 2) subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term growth of capital. Columbia Management Portfolio - Gold- Investment Advisers, man Sachs Mid Cap LLC, adviser; Goldman Value Fund (Class Sachs Asset Management, 2) L.P., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Inve- Investment Advisers, sco International LLC, adviser; Invesco Growth Fund Advisers, Inc., (Class 2) subadviser. ---------------------------------------------------------------------------------------- Variable Seeks high level of current income while Columbia Management Portfolio - J.P. conserving the value of the investment for Investment Advisers, Morgan Core Bond the longest period of time. LLC, adviser; J.P. Fund (Class 2) Morgan Investment Management Inc., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Jenn- Investment Advisers, ison Mid Cap LLC, adviser; Jennison Growth Fund Associates LLC, (Class 2) subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Mars- Investment Advisers, ico Growth Fund LLC, adviser; Marsico (Class 2) Capital Management, LLC, subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - MFS Investment Advisers, Value Fund (Class LLC, adviser; 2) Massachusetts Financial Services Company, subadviser. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderate level of risk. Investment Advisers, LLC rate Portfolio This is a "fund of funds" and seeks to (Class 2) achieve its objective by investing in a combination of underlying funds. The fund invests primarily in a balance of underlying funds that invest in fixed income securities and underlying funds that invest in equity securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately aggressive Investment Advisers, LLC rately Aggressive level of risk. This is a "fund of funds" Portfolio (Class and seeks to achieve its objective by 2) investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a moderate amount in underlying funds that invest in fixed income securities. ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately conservative Investment Advisers, LLC rately level of risk. This is a "fund of funds" Conservative and seeks to achieve its objective by Portfolio (Class investing in a combination of underlying 2) funds. The fund invests primarily in underlying funds that invest in fixed income securities and also invests a moderate amount in underlying funds that invest in equity securities. ---------------------------------------------------------------------------------------- Variable Seeks to provide current income and capital Columbia Management Portfolio - Morg- appreciation. Investment Advisers, an Stanley Global LLC, adviser; Morgan Real Estate Fund Stanley Investment (Class 2) Management Inc., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks to provide long-term growth of Columbia Management Portfolio - NFJ capital and income. Investment Advisers, Dividend Value LLC, adviser; NFJ Fund (Class 2) Investment Group LLC, subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Nuve- Investment Advisers, en Winslow Large LLC, adviser; Winslow Cap Growth Fund Capital Management, (Class 2) Inc., subadviser. (previously Variable Portfolio - UBS Large Cap Growth Fund (Class 2)) ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Part- Investment Advisers, ners Small Cap LLC, adviser; TCW Growth Fund Investment Management (Class 2) Company, London Company of Virginia, doing business as The London Company and Wells Capital Management Incorporated, subadvisers. ---------------------------------------------------------------------------------------- Variable Seeks long-term growth of capital. Columbia Management Portfolio - Part- Investment Advisers, ners Small Cap LLC, adviser; Barrow, Value Fund (Class Hanley, Mewhinney & 2) Strauss, Inc., Denver Investment Advisors LLC, Donald Smith & Co., Inc., River Road Asset Management, LLC and Turner Investment Partners, Inc., subadvisers. ---------------------------------------------------------------------------------------- Variable Seeks to provide total return through Columbia Management Portfolio - PIMCO current income and capital appreciation. Investment Advisers, Mortgage-Backed LLC, adviser; Pacific Securities Fund Investment Management (Class 2) Company LLC, subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term growth of capital. Columbia Management Portfolio - Pyra- Investment Advisers, mis(R) LLC, adviser; Pyramis International Global Advisers, LLC, Equity Fund subadviser. (Class 2) ---------------------------------------------------------------------------------------- Variable Seeks to provide current income consistent Columbia Management Portfolio - Wells with capital preservation. Investment Advisers, Fargo Short LLC, adviser; Wells Duration Capital Management Government Fund Incorporated, (Class 2) subadviser. ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Core Management, LLC, Equity adviser; Wells Capital Fund - Class 2 Management Inc., sub- (previously Wells adviser. Fargo Advantage VT Core Equity Fund) ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Management, LLC, Opportunity adviser; Wells Capital Fund - Class 2 Management Inc., sub- (previously Wells adviser. Fargo Advantage VT Opportunity Fund) ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Management, LLC, Small Cap Growth adviser; Wells Capital Fund - Class 2 Management Inc., sub- (previously Wells adviser. Fargo Advantage VT Small Cap Growth Fund) ----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 75 APPENDIX B: EXAMPLE -- MARKET VALUE ADJUSTMENT (MVA) AS THE EXAMPLES BELOW DEMONSTRATE, THE APPLICATION OF AN MVA MAY RESULT IN EITHER A GAIN OR A LOSS OF PRINCIPAL. WE REFER TO ALL OF THE TRANSACTIONS DESCRIBED BELOW AS "EARLY SURRENDERS." THE EXAMPLES MAY SHOW HYPOTHETICAL CONTRACT VALUES. THESE CONTRACT VALUES DO NOT REPRESENT PAST OR FUTURE PERFORMANCE. ACTUAL CONTRACT VALUES MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS, INCLUDING BUT NOT LIMITED TO THE INVESTMENT EXPERIENCE OF THE SUBACCOUNTS, GPAS, SPECIAL DCA FIXED ACCOUNT, REGULAR FIXED ACCOUNT AND THE FEES AND CHARGES THAT APPLY TO YOUR CONTRACT. ASSUMPTIONS: - You purchase a contract and allocate part of your purchase payment to the ten- year GPA; and - we guarantee an interest rate of 3.0% annually for your ten-year Guarantee Period; and - after three years, you decide to make a surrender from your GPA. In other words, there are seven years left in your guarantee period. Remember that the MVA depends partly on the interest rate of a new GPA for the same number of years as the Guarantee Period remaining on your GPA. In this case, that is seven years. EXAMPLE 1: Remember that your GPA is earning 3.0%. Assume at the time of your surrender new GPAs that we offer with a seven-year Guarantee Period are earning 3.5%. We add 0.10% to the 3.5% rate to get 3.6%. Your GPA's 3.0% rate is less than the 3.6% rate so the MVA will be negative. EXAMPLE 2: Remember again that your GPA is earning 3.0%, and assume that new GPAs that we offer with a seven-year Guarantee Period are earning 2.5%. We add 0.10% to the 2.5% rate to get 2.6%. In this example, since your GPA's 3.0% rate is greater than the 2.6% rate, the MVA will be positive. To determine that adjustment precisely, you will have to use the formula described below. SAMPLE MVA CALCULATIONS The precise MVA formula we apply is as follows: 1 + I EARLY SURRENDER AMOUNT X [( --------------- ) (N/12) - 1] = MVA 1 + J + .001
Where i = rate earned in the GPA from which amounts are being transferred or surrendered. j = current rate for a new Guaranteed Period equal to the remaining term in the current Guarantee Period (rounded up to the next year). n = number of months remaining in the current Guarantee Period (rounded up to the next month). EXAMPLES -- MVA Using assumptions similar to those we used in the examples above: - You purchase a contract and allocate part of your purchase payment to the ten- year GPA; and - we guarantee an interest rate of 3.0% annually for your ten-year Guarantee Period; and - after three years, you decide to make a $1,000 surrender from your GPA. In other words, there are seven years left in your guarantee period. EXAMPLE 1: You request an early surrender of $1,000 from your ten-year GPA earning a guaranteed interest rate of 3.0%. Assume at the time of your surrender new GPAs that we offer with a seven-year Guarantee Period are earning 3.5%. Using the formula above, we determine the MVA as follows: 1.030 $1,000 X [( --------------- ) (84/12) - 1] = -$39.84 1 + .035 + .001
In this example, the MVA is a negative $39.84. -------------------------------------------------------------------------------- 76 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS EXAMPLE 2: You request an early surrender of $1,000 from your ten-year GPA earning a guaranteed interest rate of 3.0%. Assume at the time of your surrender new GPAs that we offer with a seven-year Guarantee Period are earning 2.5%. Using the formula above, we determine the MVA as follows: 1.030 $1,000 X [( --------------- ) (84/12) - 1] = -$27.61 1 + .025 + .001
In this example, the MVA is a positive $27.61. Please note that when you allocate your purchase payment to the ten-year GPA and your purchase payment is in its fourth year from receipt at the beginning of the guarantee period, your surrender charge percentage is 7% if you elected RAVA 5 Advantage with the ten-year surrender charge schedule, 6% if you elected RAVA 5 Advantage with the seven-year surrender charge schedule and 4% if you elected RAVA 5 Select. We do not apply MVAs to the amounts we deduct for surrender charges, so we would deduct the surrender charge from your early surrender after we applied the MVA. Also note that when you request an early surrender, we surrender an amount from your GPA that will give you the net amount you requested after we apply the MVA and any applicable surrender charge, unless you request otherwise. The current interest rate we offer on the GPA will change periodically at our discretion. It is the rate we are then paying on purchase payments, renewals and transfers paid under this class of contracts for guarantee period durations equaling the remaining guarantee period of the GPA to which the formula is being applied. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 77 APPENDIX C: EXAMPLE -- SURRENDER CHARGES We determine your surrender charge by multiplying the amount of each purchase payment surrendered which could be subject to a surrender charge by the applicable surrender charge percentage, and then totaling the surrender charges. We calculate the amount of purchase payments surrendered (PPS) as: PPS = PPSC + PPF PPSC = purchase payments surrendered that could be subject to a surrender charge = (PS - FA) / (CV - FA) x (PP - PPF) PPF = purchase payments surrendered that are not subject to a surrender charge = FA - contract earnings, but not less than zero PP = purchase payments not previously surrendered (total purchase payments - PPS from all previous surrenders) PS = amount the contract value is reduced by the surrender FA = total free amount = greater of contract earnings or 10% of prior anniversary's contract value CV = contract value prior to the surrender
When determining the surrender charge, contract earnings are defined as the contract value, including any positive or negative MVA on amounts being surrendered, less purchase payments not previously surrendered. We determine current contract earnings by looking at the entire contract value, not the earnings of any particular subaccount, GPA, the regular fixed account, the Special DCA fixed account. If the contract value is less than purchase payments received and not previously surrendered, then contract earnings are zero. The examples below show how the surrender charge for a full and partial surrender is calculated. Each example illustrates the amount of the surrender charge for both a contract that experiences gains and a contract that experiences losses, given the same set of assumptions. FULL SURRENDER CHARGE CALCULATION -- TEN-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge on a contract with a ten-year (from the date of EACH purchase payment) surrender charge schedule and the following history: ASSUMPTIONS: - We receive a single $50,000 purchase payment; - During the fourth contract year you surrender the contract for its total value. The surrender charge percentage in the fourth year after a purchase payment is 7.0%; and - You have made no prior surrenders. WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT CONTRACT WITH GAIN WITH LOSS Contract value just prior to surrender: $60,000.00 $40,000.00 Contract value on prior anniversary: 58,000.00 42,000.00 WE CALCULATE THE SURRENDER CHARGE AS FOLLOWS: STEP 1. First, we determine the amount of earnings available in the contract at the time of surrender as: Contract value just prior to surrender (CV): 60,000.00 40,000.00 Less purchase payments received and not previously surrendered (PP): 50.000.00 50.000.00 ---------- ---------- Earnings in the contract (but not less than zero): 10,000.00 0.00 STEP 2. Next, we determine the total free amount (FA) available in the contract as the greatest of the following values: Earnings in the contract: 10,000.00 0.00 10% of the prior anniversary's contract value: 5,800.00 4,200.00 ---------- ---------- FA (but not less than zero): 10,000.00 4,200.00
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CONTRACT CONTRACT WITH GAIN WITH LOSS STEP 3. Next we determine PPF, the amount by which the total free amount (FA) exceeds earnings. Total free amount (FA): 10,000.00 4,200.00 Less earnings in the contract: 10,000.00 0.00 ---------- ---------- PPF (but not less than zero): 0.00 4,200.00 STEP 4. Next we determine PS, the amount by which the contract value is reduced by the surrender. PS: 60,000.00 40,000.00 STEP 5. Now we can determine how much of the PP is being surrendered (PPS) as follows: PPS = PPF + PPSC = PPF+ (PS - FA) / (CV - FA) * (PP - PPF) PPF from Step 3 = 0.00 4,200.00 PS from Step 4 = 60,000.00 40,000.00 CV from Step 1 = 60,000.00 40,000.00 FA from Step 2 = 10,000.00 4,200.00 PP from Step 1 = 50,000.00 50,000.00 ---------- ---------- PPS = 50,000.00 50,000.00 STEP 6. We then calculate the surrender charge as a percentage of PPS. Note that for a contract with a loss, PPS may be greater than the amount you request to surrender: PPS: 50,000.00 50,000.00 less PPF: 0.00 4,200.00 ---------- ---------- PPSC = amount of PPS subject to a surrender charge: 50,000.00 45,800.00 multiplied by the surrender charge rate: x 7.0% x 7.0% ---------- ---------- surrender charge: 3,500.00 3,206.00 STEP 7. The dollar amount you will receive as a result of your full surrender is determined as: Contract value surrendered: 60,000.00 40,000.00 SURRENDER CHARGE: (3,500.00) (3,206.00) Contract charge (assessed upon full surrender): (30.00) (30.00) ---------- ---------- NET FULL SURRENDER PROCEEDS: $56,470.00 $36,764.00
PARTIAL SURRENDER CHARGE CALCULATION -- TEN-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge on a contract with a ten-year (from the date of EACH purchase payment) surrender charge schedule and the following history: ASSUMPTIONS: - We receive a single $50,000 purchase payment; - During the fourth contract year you request a net partial surrender of $15,000.00. The surrender charge percentage in the fourth year after a purchase payment is 7.0%; and - You have made no prior surrenders. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 79 WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT CONTRACT WITH GAIN WITH LOSS Contract value just prior to surrender: $60,000.00 $40,000.00 Contract value on prior anniversary: 58,000.00 42,000.00 We determine the amount of contract value that must be surrendered in order for the net partial surrender proceeds to match the amount requested. We start with an estimate of the amount of contract value to surrender and calculate the resulting surrender charge and net partial surrender proceeds as illustrated below. We then adjust our estimate and repeat until we determine the amount of contract value to surrender that generates the desired net partial surrender proceeds. WE CALCULATE THE SURRENDER CHARGE FOR EACH ESTIMATE AS FOLLOWS: STEP 1. First, we determine the amount of earnings available in the contract at the time of surrender as: Contract value just prior to surrender (CV): 60,000.00 40,000.00 Less purchase payments received and not previously surrendered (PP): 50,000.00 50,000.00 ---------- ---------- Earnings in the contract (but not less than zero): 10,000.00 0.00 STEP 2. Next, we determine the total free amount (FA) available in the contract as the greatest of the following values: Earnings in the contract: 10,000.00 0.00 10% of the prior anniversary's contract value: 5,800.00 4,200.00 ---------- ---------- FA (but not less than zero): 10,000.00 4,200.00 STEP 3. Next we determine PPF, the amount by which the total free amount (FA) exceeds earnings Total free amount (FA): 10,000.00 4,200.00 Less earnings in the contract: 10,000.00 0.00 ---------- ---------- PPF (but not less than zero): 0.00 4,200.00 STEP 4. Next we determine PS, the amount by which the contract value is reduced by the surrender PS (determined by iterative process described above): 15,376.34 16,062.31 STEP 5. Now we can determine how much of the PP is being surrendered (PPS) as follows: PPS = PPF + PPSC = PPF + (PS - FA) / (CV - FA) * (PP - PPF) PPF from Step 3 = 0.00 4,200.00 PS from Step 4 = 15,376.34 16,062.31 CV from Step 1 = 60,000.00 40,000.00 FA from Step 2 = 10,000.00 4,200.00 PP from Step 1 = 50,000.00 50,000.00 ---------- ---------- PPS = 5,376.34 19,375.80 STEP 6. We then calculate the surrender charge as a percentage of PPS. Note that for a contract with a loss, PPS may be greater than the amount you request to surrender: PPS: 5,376.34 19,375.80 less PPF: 0.00 4,200.00 ---------- ---------- PPSC = amount of PPS subject to a surrender charge: 5,376.34 15,175.80 multiplied by the surrender charge rate: x 7.0% x 7.0% ---------- ---------- surrender charge: 376.34 1,062.31
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CONTRACT CONTRACT WITH GAIN WITH LOSS STEP 7. The dollar amount you will receive as a result of your partial surrender is determined as: Contract value surrendered: 15,376.34 16,062.31 SURRENDER CHARGE: (376.34) (1,062.31) ---------- ---------- NET PARTIAL SURRENDER PROCEEDS: $15,000.00 $15,000.00
FULL SURRENDER CHARGE CALCULATION -- FOUR-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge on a contract with a four-year (from the contract issue date) surrender charge schedule and the following history: ASSUMPTIONS: - We receive a single $50,000 purchase payment; - During the fourth contract year you surrender the contract for its total value. The surrender charge percentage in the fourth contract year is 4.0%; and - You have made no prior surrenders. WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT CONTRACT WITH GAIN WITH LOSS Contract value just prior to surrender: $60,000.00 $40,000.00 Contract value on prior anniversary: 58,000.00 42,000.00 WE CALCULATE THE SURRENDER CHARGE AS FOLLOWS: STEP 1. First, we determine the amount of earnings available in the contract at the time of surrender as: Contract value just prior to surrender (CV): 60,000.00 40,000.00 Less purchase payments received and not previously surrendered (PP): 50.000.00 50.000.00 ---------- ---------- Earnings in the contract (but not less than zero): 10,000.00 0.00 STEP 2. Next, we determine the total free amount (FA) available in the contract as the greatest of the following values: Earnings in the contract: 10,000.00 0.00 10% of the prior anniversary's contract value: 5,800.00 4,200.00 ---------- ---------- FA (but not less than zero): 10,000.00 4,200.00 STEP 3. Next we determine PPF, the amount by which the total free amount (FA) exceeds earnings. Total free amount (FA): 10,000.00 4,200.00 Less earnings in the contract: 10,000.00 0.00 ---------- ---------- PPF (but not less than zero): 0.00 4,200.00 STEP 4. Next we determine PS, the amount by which the contract value is reduced by the surrender. PS: 60,000.00 40,000.00
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CONTRACT CONTRACT WITH GAIN WITH LOSS STEP 5. Now we can determine how much of the PP is being surrendered (PPS) as follows: PPS = PPF + PPSC = PPF + (PS - FA) / (CV - FA) * (PP - PPF) PPF from Step 3 = 0.00 4,200.00 PS from Step 4 = 60,000.00 40,000.00 CV from Step 1 = 60,000.00 40,000.00 FA from Step 2 = 10,000.00 4,200.00 PP from Step 1 = 50,000.00 50,000.00 ---------- ---------- PPS = 50,000.00 50,000.00 STEP 6. We then calculate the surrender charge as a percentage of PPS. Note that for a contract with a loss, PPS may be greater than the amount you request to surrender: PPS: 50,000.00 50,000.00 less PPF: 0.00 4,200.00 ---------- ---------- PPSC = amount of PPS subject to a surrender charge: 50,000.00 45,800.00 multiplied by the surrender charge rate: x 4.0% x 4.0% ---------- ---------- surrender charge: 2,000.00 1,832.00 STEP 7. The dollar amount you will receive as a result of your full surrender is determined as: Contract value surrendered: 60,000.00 40,000.00 SURRENDER CHARGE: (2,000.00) (1,832.00) Contract charge (assessed upon full surrender): (30.00) (30.00) ---------- ---------- NET FULL SURRENDER PROCEEDS: $57,970.00 $38,138.00
PARTIAL SURRENDER CHARGE CALCULATION -- FOUR-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge on a contract with a four-year (from the contract issue date) surrender charge schedule and the following history: ASSUMPTIONS: - We receive a single $50,000 purchase payment; - During the fourth contract year you request a net partial surrender of $15,000.00. The surrender charge percentage in the fourth contract year is 4.0%; and - You have made no prior surrenders. WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT CONTRACT WITH GAIN WITH LOSS Contract value just prior to surrender: $60,000.00 $40,000.00 Contract value on prior anniversary: 58,000.00 42,000.00 We determine the amount of contract value that must be surrendered in order for the net partial surrender proceeds to match the amount requested. We start with an estimate of the amount of contract value to surrender and calculate the resulting surrender charge and net partial surrender proceeds as illustrated below. We then adjust our estimate and repeat until we determine the amount of contract value to surrender that generates the desired net partial surrender proceeds. WE CALCULATE THE SURRENDER CHARGE FOR EACH ESTIMATE AS FOLLOWS: STEP 1. First, we determine the amount of earnings available in the contract at the time of surrender as: Contract value just prior to surrender (CV): 60,000.00 40,000.00 Less purchase payments received and not previously surrendered (PP): 50,000.00 50,000.00 ---------- ---------- Earnings in the contract (but not less than zero): 10,000.00 0.00
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CONTRACT CONTRACT WITH GAIN WITH LOSS STEP 2. Next, we determine the total free amount (FA) available in the contract as the greatest of the following values: Earnings in the contract: 10,000.00 0.00 10% of the prior anniversary's contract value: 5,800.00 4,200.00 ---------- ---------- FA (but not less than zero): 10,000.00 4,200.00 STEP 3. Next we determine PPF, the amount by which the total free amount (FA) exceeds earnings Total free amount (FA): 10,000.00 4,200.00 Less earnings in the contract: 10,000.00 0.00 ---------- ---------- PPF (but not less than zero): 0.00 4,200.00 STEP 4. Next we determine PS, the amount by which the contract value is reduced by the surrender PS (determined by iterative process described above): 15,208.33 15,582.48 STEP 5. Now we can determine how much of the PP is being surrendered (PPS) as follows: PPS = PPF + PPSC = PPF + (PS - FA) / (CV - FA) * (PP - PPF) PPF from Step 3 = 0.00 4,200.00 PS from Step 4 = 15,208.33 15,582.48 CV from Step 1 = 60,000.00 40,000.00 FA from Step 2 = 10,000.00 4,200.00 PP from Step 1 = 50,000.00 50,000.00 ---------- ---------- PPS = 5,208.33 18,761.94 STEP 6. We then calculate the surrender charge as a percentage of PPS. Note that for a contract with a loss, PPS may be greater than the amount you request to surrender: PPS: 5,208.33 18,761.94 less PPF: 0.00 4,200.00 ---------- ---------- PPSC = amount of PPS subject to a surrender charge: 5,208.33 14,561.94 multiplied by the surrender charge rate: x 4.0% x 4.0% ---------- ---------- surrender charge: 208.33 582.48 STEP 7. The dollar amount you will receive as a result of your partial surrender is determined as: Contract value surrendered: 15,208.33 15,582.48 SURRENDER CHARGE: (208.33) (582.48) ---------- ---------- NET PARTIAL SURRENDER PROCEEDS: $15,000.00 $15,000.00
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 83 APPENDIX D: EXAMPLE -- OPTIONAL DEATH BENEFITS THE PURPOSE OF THIS APPENDIX IS TO ILLUSTRATE THE OPERATION OF VARIOUS OPTIONAL DEATH BENEFIT RIDERS. IN ORDER TO DEMONSTRATE THESE CONTRACT RIDERS, AN EXAMPLE MAY SHOW HYPOTHETICAL CONTRACT VALUES. THESE CONTRACT VALUES DO NOT REPRESENT PAST OR FUTURE PERFORMANCE. ACTUAL CONTRACT VALUES MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS, INCLUDING BUT NOT LIMITED TO THE INVESTMENT EXPERIENCE OF THE SUBACCOUNTS, GPAS, SPECIAL DCA FIXED ACCOUNT, REGULAR FIXED ACCOUNT AND THE FEES AND CHARGES THAT APPLY TO YOUR CONTRACT. THE EXAMPLES OF THE OPTIONAL DEATH BENEFITS IN APPENDIX INCLUDE PARTIAL SURRENDERS TO ILLUSTRATE THE EFFECT OF PARTIAL SURRENDERS ON THE PARTICULAR BENEFIT. THESE EXAMPLES ARE INTENDED TO SHOW HOW THE OPTIONAL DEATH BENEFITS OPERATE, AND DO NOT TAKE INTO ACCOUNT WHETHER A PARTICULAR OPTIONAL DEATH BENEFIT IS PART OF A QUALIFIED ANNUITY. QUALIFIED ANNUITIES ARE SUBJECT TO RMDS AT CERTAIN AGES (SEE "TAXES -- QUALIFIED ANNUITIES -- REQUIRED MINIMUM DISTRIBUTIONS") WHICH MAY REQUIRE YOU TO TAKE PARTIAL SURRENDERS FROM THE CONTRACT. IF YOU ARE CONSIDERING THE ADDITION OF CERTAIN DEATH BENEFITS TO A QUALIFIED ANNUITY, YOU SHOULD CONSULT YOUR TAX ADVISOR PRIOR TO MAKING A PURCHASE FOR AN EXPLANATION OF THE POTENTIAL TAX IMPLICATION TO YOU. EXAMPLE -- ROPP DEATH BENEFIT ASSUMPTIONS: - You purchase the contract with a payment of $20,000; and - on the first contract anniversary you make an additional purchase payment of $5,000; and - During the second contract year the contract value falls to $22,000 and you take a $1,500 (including surrender charge) partial surrender; and - During the third contract year the contract value grows to $23,000. WE CALCULATE THE ROPP DEATH BENEFIT AS FOLLOWS: Contract value at death: $23,000.00 ---------- Purchase payments minus adjusted partial surrenders: Total purchase payments: $25,000.00 minus adjusted partial surrenders, calculated as: $1,500 x $25,000 ---------------- = -1,704.54 $22,000 ---------- for a death benefit of: $23,295.45 ---------- THE ROPP DEATH BENEFIT, CALCULATED AS THE GREATEST OF THESE TWO VALUES: $23,295.45
EXAMPLE -- MAV DEATH BENEFIT ASSUMPTIONS: - You purchase the contract with a payment of $25,000. - On the first contract anniversary the contract value grows to $26,000. - During the second contract year the contract value falls to $22,000, at which point you take a $1,500 partial surrender (including surrender charge), leaving a contract value of $20,500. WE CALCULATE THE MAV DEATH BENEFIT, WHICH IS BASED ON THE GREATER OF THREE VALUES, AS FOLLOWS: 1. CONTRACT VALUE AT DEATH: $20,500.00 ---------- 2. PURCHASE PAYMENTS MINUS ADJUSTED PARTIAL SURRENDERS: Total purchase payments: $25,000.00 minus adjusted partial surrenders, calculated as: $1,500 x $25,000 ---------------- = -1,704.55 $22,000 ---------- for a death benefit of: $23,295.45 ----------
-------------------------------------------------------------------------------- 84 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 3. THE MAV IMMEDIATELY PRECEDING THE DATE OF DEATH: Greatest of your contract anniversary values: $26,000.00 plus purchase payments made since the prior anniversary: +0.00 minus adjusted partial surrenders, calculated as: $1,500 x $26,000 ---------------- = -1,772.73 $22,000 ---------- for a death benefit of: $24,227.27 ---------- THE MAV DEATH BENEFIT, CALCULATED AS THE GREATEST OF THESE THREE VALUES, WHICH IS THE MAV: $24,227.27
EXAMPLE -- 5-YEAR MAV DEATH BENEFIT ASSUMPTIONS: - You purchase the contract with a payment of $25,000. - On the fifth contract anniversary the contract value grows to $26,000. - During the sixth contract year the contract value falls to $22,000, at which point you take a $1,500 partial surrender (including surrender charge), leaving a contract value at $20,500. WE CALCULATE THE 5-YEAR MAV DEATH BENEFIT, WHICH IS BASED ON THE GREATER OF THREE VALUES, AS FOLLOWS: 1. CONTRACT VALUE AT DEATH: $20,500.00 ---------- 2. PURCHASE PAYMENTS MINUS ADJUSTED PARTIAL SURRENDERS: Total purchase payments: $25,000.00 minus adjusted partial surrenders, calculated as: $1,500 x $25,000 ---------------- = -1,704.55 $22,000 ---------- for a death benefit of: $23,295.45 ---------- 3. THE 5-YEAR MAV IMMEDIATELY PRECEDING THE DATE OF DEATH: Greatest of your contract anniversary values: $26,000.00 plus purchase payments made since the prior anniversary: +0.00 minus adjusted partial surrenders, calculated as: $1,500 x $26,000 ---------------- = -1,772.73 $22,000 ---------- for a death benefit of: $24,227.27 ---------- THE 5-YEAR MAV DEATH BENEFIT, CALCULATED AS THE GREATEST OF THESE THREE VALUES, WHICH IS THE 5-YEAR MAV: $24,227.27
EXAMPLE -- ENHANCED DEATH BENEFIT ASSUMPTIONS: - You purchase the contract with a payment of $25,000 with $5,000 allocated to the regular fixed account and $20,000 allocated to the subaccounts; and - on the first contract anniversary the regular fixed account value is $5,200 and the subaccount value is $17,000. Total contract value is $23,200; and - During the second contract year the regular fixed account value is $5,300 and the subaccount value is $19,000. Total contract value is $24,300. You take a $1,500 (including surrender charge) partial surrender all from the subaccounts, leaving the contract value at $22,800. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 85 THE DEATH BENEFIT, WHICH IS BASED ON THE GREATEST OF FOUR VALUES, IS CALCULATED AS FOLLOWS: 1. CONTRACT VALUE AT DEATH: $22,800.00 ---------- 2. PURCHASE PAYMENTS MINUS ADJUSTED PARTIAL SURRENDERS: Total purchase payments: $25,000.00 minus adjusted partial surrenders, calculated as: $1,500 x $25,000 ---------------- = -1,543.21 $24,300 ---------- for a death benefit of: $23,456.79 ---------- 3. THE MAV ON THE ANNIVERSARY IMMEDIATELY PRECEDING THE DATE OF DEATH: The MAV on the immediately preceding anniversary: $25,000.00 plus purchase payments made since that anniversary: +0.00 minus adjusted partial surrenders made since that anniversary, calculated as: $1,500 x $25,000 ---------------- = -1,543.21 $24,300 ---------- for a MAV Death Benefit of: $23,456.79 ---------- 4. THE 5% ACCUMULATION DEATH BENEFIT FLOOR: The variable account floor on the first contract anniversary calculated as: 1.05 x $20,000 = $21,000.00 plus amounts allocated to the subaccounts since that anniversary: +0.00 minus the 5% accumulation death benefit floor adjusted partial surrender from the subaccounts, calculated as: $1,500 x $21,000 ---------------- = -1,657.89 $19,000 ---------- variable account floor benefit: $19,342.11 plus the regular fixed account value: +5,300.00 ---------- 5% accumulation death benefit floor (value of the regular fixed account and the variable account floor): $24,642.11 ---------- ENHANCED DEATH BENEFIT, CALCULATED AS THE GREATEST OF THESE FOUR VALUES, WHICH IS THE 5% ACCUMULATION DEATH BENEFIT FLOOR: $24,642.11
EXAMPLE -- 5% ACCUMULATION DEATH BENEFIT ASSUMPTIONS: - You purchase the contract with a payment of $25,000 with $5,000 allocated to the regular fixed account and $20,000 allocated to the subaccounts; and - on the first contract anniversary the regular fixed account value is $5,200 and the subaccount value is $17,000. Total contract value is $23,200; and - During the second contract year the regular fixed account value is $5,300 and the subaccount value is $19,000. Total contract value is $24,300. You take a $1,500 (including surrender charge) partial surrender all from the subaccounts, leaving the contract value at $22,800. THE DEATH BENEFIT, WHICH IS BASED ON THE GREATEST OF THREE VALUES, IS CALCULATED AS FOLLOWS: 1. CONTRACT VALUE AT DEATH: $22,800.00 ---------- 2. PURCHASE PAYMENTS MINUS ADJUSTED PARTIAL SURRENDERS: Total purchase payments: $25,000.00 minus adjusted partial surrenders, calculated as: $1,500 x $25,000 ---------------- = -1,543.21 $24,300 ---------- for a death benefit of: $23,456.79 ----------
-------------------------------------------------------------------------------- 86 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 3. THE 5% ACCUMULATION DEATH BENEFIT FLOOR: The variable account floor on the first contract anniversary, calculated as: 1.05 x $20,000 = $21,000.00 plus amounts allocated to the subaccounts since that anniversary: +0.00 minus the 5% accumulation death benefit floor adjusted partial surrender from the subaccounts, calculated as: $1,500 x $21,000 ---------------- = -1,657.89 $19,000 ---------- variable account floor benefit: $19,342.11 plus the regular fixed account account value: +5,300.00 ---------- 5% accumulation death benefit floor (value of the regular fixed account and the variable account floor): $24,642.11 ---------- THE 5% ACCUMULATION DEATH BENEFIT, CALCULATED AS THE GREATEST OF THESE THREE VALUES, WHICH IS THE 5% ACCUMULATION DEATH BENEFIT FLOOR: $24,642.11
EXAMPLE -- BENEFIT PROTECTOR ASSUMPTIONS: - You purchase the contract with a payment of $100,000 and you are under age 70. You select the seven-year surrender charge schedule, the MAV and the Benefit Protector. - During the first contract year the contract value grows to $105,000. The death benefit equals the standard death benefit, which is the contract value, or $104,000. You have not reached the first contract anniversary so the Benefit Protector does not provide any additional benefit at this time. - On the first contract anniversary the contract value grows to $110,000. The death benefit equals: MAV death benefit amount (contract value): $110,000 plus the Benefit Protector which equals 40% of earnings at death (MAV death benefit amount minus remaining purchase payments): 0.40 x ($110,000 - $100,000) = +4,000 -------- Total death benefit of: $114,000 -------- - On the second contract anniversary the contract value falls to $105,000. The death benefit equals: MAV death benefit amount (maximum anniversary value): $110,000 plus the Benefit Protector (40% of earnings at death): 0.40 x ($110,000 - $100,000) = +4,000 -------- Total death benefit of: $114,000 --------
- During the third contract year the contract value remains at $105,000 and you request a partial surrender, including the applicable 7% surrender charge, of $50,000. We will surrender $10,500 from your contract value free of charge (10% of your prior anniversary's contract value). The remainder of the surrender is subject to a 7% surrender charge because your purchase payment is two years old, so we will surrender $39,500 ($36,735 + $2,765 in surrender charges) from your contract value. Altogether, we will surrender $50,000 and pay you $48,025. We calculate remaining purchase payments as $100,000 - $45,000 = $55,000 (remember that $5,000 of the partial surrender is contract earnings). The death benefit equals: MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): $110,000 - ($50,000 x $110,000) -------------------- = $57,619 $105,000 plus the Benefit Protector (40% of earnings at death): 0.40 x ($57,619 - $55,000) = +1,048 ------- Total death benefit of: $58,667 -------
- On the third contract anniversary the contract value falls by $40,000. The death benefit remains at $58,667. The reduction in contract value has no effect. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 87 - On the ninth contract anniversary the contract value grows to a new high of $200,000. Earnings at death reaches its maximum of 250% of remaining purchase payments that are one or more years old. The death benefit equals: MAV death benefit amount (contract value): $200,000 plus the Benefit Protector (40% of earnings at death) 0.40 x 2.50 x ($55,000) = +55,000 -------- Total death benefit of: $255,000 --------
- During the tenth contract year you make an additional purchase payment of $50,000 and your contract value grows to $250,500. The new purchase payment is less than one year old and so it has no effect on the EEB. The death benefit equals: MAV death benefit amount (contract value): $250,000 plus the Benefit Protector (40% of earnings at death) 0.40 x 2.50 x ($55,000) = +55,000 -------- Total death benefit of: $305,000 --------
- During the eleventh contract year the contract value remains $250,500 and the "new" purchase payment is now one year old. The value of the Benefit Protector changes. The death benefit equals: MAV death benefit amount (contract value): $250,500 plus the Benefit Protector which equals 40% of earnings at death (the standard death benefit amount minus remaining purchase payments): 0.40 x ($250,500 - $105,000) = +58,200 -------- Total death benefit of: $308,700 --------
EXAMPLE -- BENEFIT PROTECTOR PLUS ASSUMPTIONS: - You purchase the contract with an exchange purchase payment of $100,000 and you are under age 70. You select the seven-year surrender charge schedule, the MAV and the Benefit Protector Plus. - During the first contract year the contract value grows to $105,000. The death benefit on equals the standard death benefit amount, which is the contract value, or $104,000. You have not reached the first contract anniversary so neither the Benefit Protector Plus Part I nor Part II provides any additional benefit at this time. - On the first contract anniversary the contract value grows to $110,000. You have not reached the second contract anniversary so the Benefit Protector Plus Part II does not provide any additional benefit at this time. The death benefit equals: MAV death benefit amount (contract value): $110,000 plus the Benefit Protector Plus Part I which equals 40% of earnings at death (the MAV death benefit amount minus remaining purchase payments): 0.40 x ($110,000 - $100,000) = +4,000 -------- Total death benefit of: $114,000 --------
- On the second contract anniversary the contract value falls to $105,000. The death benefit equals: MAV death benefit amount (maximum anniversary value): $110,000 plus the Benefit Protector Plus Part I (40% of earnings at death): 0.40 x ($110,000 - $100,000) = +4,000 plus the Benefit Protector Plus Part II which in the third contract year equals 10% of exchange purchase payments identified at issue and not previously surrendered: 0.10 x $100,000 = +10,000 -------- Total death benefit of: $124,000 --------
- During the third contract year the contract value remains at $105,000 and you request a partial surrender, including the applicable 7% surrender charge, of $50,000. We will surrender $10,500 from your contract value free of charge (10% of your prior anniversary's contract value). The remainder of the surrender is subject to a 7% surrender charge because your purchase payment is two years old, so we will surrender $39,500 ($36,735 + $2,765 in surrender charges) from your contract value. -------------------------------------------------------------------------------- 88 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS Altogether, we will surrender $50,000 and pay you $47,235. We calculate remaining purchase payments as $100,000 - $45,000 = $55,000 (remember that $5,000 of the partial surrender is contract earnings). The death benefit equals: MAV death benefit amount (maximum anniversary value adjusted for partial surrenders): $110,000 - ($50,000 x $110,000) -------------------- = $57,619 $105,000 plus the Benefit Protector Plus Part I (40% of earnings at death): 0.40 x ($57,619 - $55,000) = +1,048 plus the Benefit Protector Plus Part II which in the third contract year equals 10% of exchange purchase payments identified at issue and not previously surrendered: 0.10 x $55,000 = +5,500 ------- Total death benefit of: $64,167 -------
- On the third contract anniversary the contract value falls by $40,000. The death benefit remains at $64,167. The reduction in contract value has no effect. - On the ninth contract anniversary the contract value grows to a new high of $200,000. Earnings at death reaches its maximum of 250% of remaining purchase payments that are one or more years old. Because we are beyond the fourth contract anniversary the Benefit Protector Plus also reaches its maximum of 20%. The death benefit equals: MAV death benefit amount (contract value): $200,000 plus the Benefit Protector Plus Part I (40% of earnings at death) .40 x (2.50 x $55,000) = +55,000 plus the Benefit Protector Plus Part II which after the fourth contract year equals 20% of exchange purchase payments identified at issue and not previously surrendered: 0.20 x $55,000 = +11,000 -------- Total death benefit of: $266,000 --------
- During the tenth contract year you make an additional purchase payment of $50,000 and your contract value grows to $250,500. The new purchase payment is less than one year old and so it has no effect on either the Benefit Protector Plus Part I or Benefit Protector PlusPart II. The death benefit equals: MAV death benefit amount (contract value): $250,000 plus the Benefit Protector Plus Part I (40% of earnings at death) .40 x (2.50 x $55,000) = +55,000 plus the Benefit Protector Plus Part II, which after the fourth contract year equals 20% of exchange purchase payments identified at issue and not previously surrendered: 0.20 x $55,000 = +11,000 -------- Total death benefit of: $316,000 --------
- During the eleventh contract year the contract value remains $250,500 and the "new" purchase payment is now one year old. The value of the Benefit Protector PlusPart I changes but the value of the Benefit Protector Plus Part II remains constant. The death benefit equals: MAV death benefit amount (contract value): $250,500 plus the Benefit Protector PlusPart I which equals 40% of earnings at death (the MAV death benefit minus remaining purchase payments): 0.40 x ($250,500 - $105,000) = +58,200 plus the Benefit Protector Plus Part II, which after the fourth contract year equals 20% of exchange purchase payments identified at issue and not previously surrendered: 0.20 x $55,000 = +11,000 -------- Total death benefit of: $319,700 --------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 89 APPENDIX E: EXAMPLE -- OPTIONAL LIVING BENEFITS THE PURPOSE OF THIS APPENDIX IS TO ILLUSTRATE THE OPERATION OF VARIOUS OPTIONAL LIVING BENEFIT RIDERS. IN ORDER TO DEMONSTRATE THESE CONTRACT RIDERS, AN EXAMPLE MAY SHOW HYPOTHETICAL CONTRACT VALUES. THESE CONTRACT VALUES DO NOT REPRESENT PAST OR FUTURE PERFORMANCE. ACTUAL CONTRACT VALUES MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS, INCLUDING BUT NOT LIMITED TO THE INVESTMENT EXPERIENCE OF THE SUBACCOUNTS, GPAS, SPECIAL DCA FIXED ACCOUNT, REGULAR FIXED ACCOUNT AND THE FEES AND CHARGES THAT APPLY TO YOUR CONTRACT. THESE EXAMPLES ARE INTENDED TO SHOW HOW THE OPTIONAL RIDERS OPERATE, AND DO NOT TAKE INTO ACCOUNT WHETHER A PARTICULAR OPTIONAL RIDER IS PART OF A QUALIFIED ANNUITY. QUALIFIED ANNUITIES ARE SUBJECT TO RMDS AT CERTAIN AGES (SEE "TAXES -- QUALIFIED ANNUITIES -- REQUIRED MINIMUM DISTRIBUTIONS") WHICH MAY REQUIRE YOU TO TAKE PARTIAL SURRENDERS FROM THE CONTRACT. IF YOU ARE CONSIDERING THE ADDITION OF CERTAIN OPTIONAL RIDERS TO A QUALIFIED ANNUITY, YOU SHOULD CONSULT YOUR TAX ADVISOR PRIOR TO MAKING A PURCHASE FOR AN EXPLANATION OF THE POTENTIAL TAX IMPLICATION TO YOU. EXAMPLE -- ACCUMULATION PROTECTOR BENEFIT The following example shows how the Accumulation Protector Benefit rider works based on hypothetical values. It is not intended to depict investment performance of the contract. THE EXAMPLE ASSUMES: - You purchase the contract (with the Accumulation Protector Benefit rider) with a payment of $100,000. - You make no additional purchase payments. - You do not exercise the elective step-up option
HYPOTHETICAL PARTIAL SURRENDER MCAV ADJUSTMENT ACCUMULATION ASSUMED END OF (BEGINNING OF FOR PARTIAL BENEFIT CONTRACT CONTRACT YEAR YEAR) SURRENDER MCAV AMOUNT VALUE 1 0 0 100,000 0 112,000 2 0 0 102,400 0 128,000 3 0 0 108,000 0 135,000 4 0 0 108,000 0 118,000 5 0 0 108,000 0 100,000 6 2,000 2,160 105,840 0 122,000 7 0 0 112,000 0 140,000 8 0 0 112,000 0 121,000 9 5,000 4,628 107,372 0 98,000 10 0 0 107,372 22,372 85,000
EXAMPLE -- SECURESOURCE STAGES 2 RIDERS ASSUMPTIONS: - You purchase the contract with a payment of $100,000 and make no additional payments to the contract. - You are the sole owner and also the annuitant. You (and your spouse for the joint benefit) are age 61. - Annual Step-ups are applied each anniversary when available, where the contract value is greater than the PBG and/or the BB. Applied annual step-ups are indicated in BOLD. - You elect the Moderate fund of funds at issue. -------------------------------------------------------------------------------- 90 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS
HYPOTHETICAL LIFETI- CONTRACT ASSUMED BENEFIT ME DURATION PURCHASE PARTIAL CONTRACT DETERMINING PAYMENT IN YEARS PAYMENTS WITHDRAWALS VALUE BB WAB PERCENTAGE PBG ALP RALP PERCENT At Issue $100,000 NA $100,000 $100,000 $100,000 0.0% $100,000 $4,000 $4,000(1) 4% 1 0 0 98,000 108,000 108,000 9.3% 100,000 5,400 5,400(2) 5% 2 0 0 105,000 114,000 114,000 7.9% 105,000 5,700 5,700 5% 3 0 0 118,000 120,000 120,000 1.7% 118,000 6,000 6,000 5% 3.5 0 6,000 112,000 120,000 113,898 1.7% 112,000 6,000 0 5% 4 0 0 115,000 120,000 115,000 0.0% 115,000 6,000 6,000 5% 5 0 0 130,000 130,000 130,000 0.0% 130,000 7,800(3) 7,800(3) 6%(3) 6 0 0 110,000 130,000 130,000 15.4% 130,000 7,800 7,800 6% 7 0 0 100,000 130,000 130,000 23.1% 130,000 6,500(4) 6,500(4) 5%(4) 7.5 0 10,000 90,000 117,000(5) 117,000 23.1% 108,000(5) 5,850(5) 0 5% 8 0 0 80,000 117,000 117,000 31.6% 108,000 5,850 5,850 5% 9 0 0 95,000 117,000 117,000 18.8% 108,000 7,020(4) 7,020(4) 6%(4)
(1) The ALP and RALP are based on percentage B until the end of the 1-year waiting period. (2) Since no withdrawal was taken, at the end of the 1-year waiting period, the ALP and RALP are recalculated based on percentage A. (3) Because the annual step-up increased the BB on the anniversary and the covered person's (for the joint benefit, younger covered spouse's) attained age is in a higher age band, the Lifetime Payment Percentage increased. (4) The Lifetime Payment Percentage is based on percentage A when the BDP is less than 20% and percentage B when the BDP is greater than or equal to 20%. (5) The $10,000 withdrawal is greater than the $6,500 RALP allowed under the rider and therefore excess withdrawal processing is applied. The BB and PBG are reset as described in "Lifetime Benefit Description -- Determination of Adjustment of Benefit Values". -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 91 APPENDIX F: ADDITIONAL RMD DISCLOSURE This appendix describes our current administrative practice for determining the amount of withdrawals in any contract year which an owner may take under the SecureSource Stages 2 rider to satisfy the RMD rules under 401(a)(9) of the Code without application of the excess withdrawal processing described in the rider. We reserve the right to modify this administrative practice at any time upon 30 days' written notice to you. For contract holders subject to annual RMD rules under the Section 401(a)(9) of the Code, amounts you withdraw from this contract to satisfy these rules are not subject to excess withdrawal processing under the terms of the rider, subject to the following rules and our current administrative practice: (1) Each calendar year, if your ALERMDA is greater than the ALP. - A Lifetime Additional Benefit Amount (LABA) will be set equal to that portion of your ALERMDA that exceeds the value of ALP. - The LABA will be reduced by the total of the amount that each withdrawal in the current calendar year exceeds the RALP at the time of each withdrawal, but shall not be reduced to less than zero. - Any withdrawals taken in a contract year will count first against and reduce the RALP for that contract year. - Once the RALP for the current contract year has been depleted, any additional amounts withdrawn will count against and reduce the LABA. These withdrawals will not be considered excess withdrawals with regard to the ALP as long as they do not exceed the remaining LABA. - Once the LABA has been depleted, any additional withdrawal amounts will be considered excess withdrawals with regard to the ALP and will subject the ALP to the excess withdrawal processing described by the SecureSource Stages 2 rider. The ALERMDA is: (1) determined by us each calendar year; (2) based on your initial purchase payment and not the entire interest value in the calendar year of contract issue and therefore may not be sufficient to allow you to withdraw your RMD without causing an excess withdrawal; (3) based on the value of this contract alone on the date it is determined; (4) based on recalculated life expectancy taken from the Uniform Lifetime Table under the Code ; and (5) based on the company's understanding and interpretation of the requirements for life expectancy distributions intended to satisfy the required minimum distribution rules under Code Section 401(a)(9) and the Treasury Regulations promulgated thereunder as applicable on the effective date of this prospectus, to: 1. IRAs under Section 408(b) of the Code; 2. Roth IRAs under Section 408A of the Code; 3. Simplified Employee Pension IRA (SEP) plans under Section 408(k) of the Code. In the future, the requirements under tax law for such distributions may change and the life expectancy amount calculation provided under your SecureSource Stages 2 rider may not be sufficient to satisfy the requirements under the tax law for these types of distributions. In such a situation, amounts withdrawn to satisfy such distribution requirements will exceed your available RALP amount and may result in the reduction of your guaranteed values as described under the excess withdrawal provision of the rider. In cases where the Code does not allow the life expectancy of a natural person to be used to calculate the required minimum distribution amount (e.g., some ownerships by trusts and charities), we will calculate the life expectancy RMD amount as zero in all years. Please consult your tax advisor about the impact of these rules prior to purchasing the SecureSource Stages 2 rider. -------------------------------------------------------------------------------- 92 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS APPENDIX G: CONDENSED FINANCIAL INFORMATION (UNAUDITED) The following tables give per-unit information about the financial history of each subaccount representing the lowest and highest total annual variable account expense combinations for each contract. The date in which operations commenced in each subaccount is noted in parentheses. The SAI contains tables that give per-unit information about the financial history of each existing subaccount. We have not provided this information for subaccounts that were not available under your contract as of Dec. 31, 2010. You may obtain a copy of the SAI without charge by contacting us at the telephone number or address listed on the first page of the prospectus.
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 --------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $1.00 $0.74 $1.23 $1.10 $1.00 Accumulation unit value at end of period $1.09 $1.00 $0.74 $1.23 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 1,769 1,603 1,325 1,295 346 --------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.79 $1.09 $1.16 $1.00 Accumulation unit value at end of period $1.05 $0.94 $0.79 $1.09 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 12,846 12,296 10,333 11,609 3,143 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.79 $1.14 $1.13 $1.00 Accumulation unit value at end of period $1.09 $0.97 $0.79 $1.14 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 8,118 9,918 2,682 3,274 829 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,047 -- -- -- -- *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 2) at Dec. 31, 2010 were (0.97%) and (0.96%), respectively. --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,102 -- -- -- -- --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 316 -- -- -- -- --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.22 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 398 -- -- -- -- --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 406 -- -- -- -- --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 163 -- -- -- -- --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.16 $0.82 $1.09 $1.08 $1.00 Accumulation unit value at end of period $1.29 $1.16 $0.82 $1.09 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 10,905 10,915 8,519 8,110 2,469 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.08 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 859 -- -- -- -- ---------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 93
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 123 -- -- -- -- --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 138 -- -- -- -- --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 75 -- -- -- -- --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 299 -- -- -- -- --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.00 $0.73 $1.43 $1.20 $1.00 Accumulation unit value at end of period $1.13 $1.00 $0.73 $1.43 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 9,469 10,385 10,806 7,134 23,001 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12 -- -- -- -- --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 75 -- -- -- -- --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.74 $1.19 $1.14 $1.00 Accumulation unit value at end of period $1.06 $0.93 $0.74 $1.19 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 6,003 5,694 4,520 3,380 1,079 --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 23 -- -- -- -- --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17 -- -- -- -- --------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 271 -- -- -- -- --------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,215 1,743 877 -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. --------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- Accumulation unit value at end of period $1.05 $0.97 $0.84 -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,297 2,302 1,569 -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. --------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- Accumulation unit value at end of period $0.99 $0.91 $0.76 -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,356 6,970 2,114 -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 94 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 --------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,418 3,707 1,980 -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. --------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.94 $0.79 $1.00 -- -- Accumulation unit value at end of period $1.02 $0.94 $0.79 -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,279 3,756 1,295 -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. --------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.73 $1.28 $1.10 $1.00 Accumulation unit value at end of period $1.13 $0.97 $0.73 $1.28 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 52,513 180,001 379,751 246,455 94,738 --------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.04 $0.75 $1.25 $1.09 $1.00 Accumulation unit value at end of period $1.32 $1.04 $0.75 $1.25 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 44,384 199,837 248,092 127,339 36,125 --------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.70 $1.06 $1.09 $1.00 Accumulation unit value at end of period $1.14 $0.90 $0.70 $1.06 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 12,529 13,709 12,625 11,602 4,228 --------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.73 $1.17 $1.14 $1.00 Accumulation unit value at end of period $1.01 $0.91 $0.73 $1.17 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 16,807 17,365 17,652 20,093 5,798 --------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- Accumulation unit value at end of period $0.97 $0.85 $0.63 $1.06 -- Number of accumulation units outstanding at end of period (000 omitted) 15,295 639,872 430,107 255,815 -- --------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.28 $0.97 $1.57 $1.24 $1.00 Accumulation unit value at end of period $1.44 $1.28 $0.97 $1.57 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 16,579 17,912 18,559 16,501 4,446 --------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.08 $0.69 $1.31 $1.08 $1.00 Accumulation unit value at end of period $1.42 $1.08 $0.69 $1.31 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 6,158 5,604 4,975 4,591 17,766 --------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.73 $1.21 $1.14 $1.00 Accumulation unit value at end of period $1.15 $0.95 $0.73 $1.21 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 1,455 1,127 833 629 164 --------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.00 $0.73 $1.23 $1.17 $1.00 Accumulation unit value at end of period $1.15 $1.00 $0.73 $1.23 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 8,021 7,911 7,145 6,835 2,542 --------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.66 $1.08 $1.10 $1.00 Accumulation unit value at end of period $1.10 $0.90 $0.66 $1.08 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 7,403 8,026 7,814 7,765 3,088 --------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.15 $0.96 $1.15 $1.07 $1.00 Accumulation unit value at end of period $1.29 $1.15 $0.96 $1.15 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 18,465 351,435 346,275 235,995 82,883 --------------------------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND* (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 341 -- -- -- -- *RiverSource Variable Portfolio - Strategic Income Fund (Class 2) is scheduled to be merged into Columbia Variable Portfolio - Strategic Income Fund, Class 2 on April 29, 2011. ---------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 95
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 79,955 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.18 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 143 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 370 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 64 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 276 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 199 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 37,862 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 138 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 376 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 230 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 65 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 369 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 67 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.24 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 52 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 87 -- -- -- -- ---------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 96 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 543,150 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 382,806 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 130,486 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 214 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 73 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 184 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9 -- -- -- -- --------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39 -- -- -- -- --------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.80 $1.20 $1.12 $1.00 Accumulation unit value at end of period $1.24 $1.07 $0.80 $1.20 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 4,191 3,772 1,827 1,105 403 --------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.03 $0.70 $1.18 $1.12 $1.00 Accumulation unit value at end of period $1.26 $1.03 $0.70 $1.18 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 2,066 2,178 1,767 2,129 556 --------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.75 $1.29 $1.15 $1.00 Accumulation unit value at end of period $1.43 $1.14 $0.75 $1.29 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 8,077 7,416 5,757 5,179 1,212 ---------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 97
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (02/13/2002) Accumulation unit value at beginning of period $1.24 $1.05 $1.45 $1.54 $1.32 $1.27 $1.13 $0.89 $1.00 Accumulation unit value at end of period $1.38 $1.24 $1.05 $1.45 $1.54 $1.32 $1.27 $1.13 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 5,469 6,158 8,079 12,429 15,592 16,716 10,779 5,922 2,396 -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.14 $0.93 $1.35 $1.34 $1.18 $1.15 $1.07 $0.90 $1.00 Accumulation unit value at end of period $1.27 $1.14 $0.93 $1.35 $1.34 $1.18 $1.15 $1.07 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 4,325 6,111 2,378 4,008 3,764 3,085 2,273 1,117 462 -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $0.99 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 666 -- -- -- -- -- -- -- -- *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 2) at Dec. 31, 2010 were (1.39%) and (1.38%), respectively. -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 428 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 293 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.22 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 417 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 517 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 237 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (04/28/2006) Accumulation unit value at beginning of period $1.14 $0.80 $1.07 $1.07 $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 $1.14 $0.80 $1.07 $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,872 4,262 4,864 7,595 9,164 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.08 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 478 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 171 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 53 -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 98 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 100 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 145 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.64 $1.26 $1.06 $1.00 -- -- -- -- Accumulation unit value at end of period $0.98 $0.87 $0.64 $1.26 $1.06 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,766 2,195 2,857 2,426 5,251 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 32 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.26 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 56 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.03 $0.83 $1.34 $1.29 $1.13 $1.10 $1.01 $0.80 $1.00 Accumulation unit value at end of period $1.17 $1.03 $0.83 $1.34 $1.29 $1.13 $1.10 $1.01 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 3,421 4,568 5,854 8,187 9,874 10,825 9,241 5,428 1,648 -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 40 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 22 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 460 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.86 $0.71 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.96 $0.86 $0.71 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 64 334 66 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.97 $0.84 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,836 2,130 1,506 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.90 $0.76 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.90 $0.76 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,345 2,219 1,184 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.89 $0.73 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 958 873 466 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,349 1,964 993 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. --------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 99
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.90 $0.68 $1.19 $1.03 $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 $0.90 $0.68 $1.19 $1.03 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,302 15,949 27,515 23,069 20,348 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.84 $1.33 $2.23 $1.95 $1.76 $1.51 $1.23 $0.90 $1.00 Accumulation unit value at end of period $2.33 $1.84 $1.33 $2.23 $1.95 $1.76 $1.51 $1.23 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 9,514 14,164 20,610 25,720 32,335 28,423 18,934 9,886 3,541 -------------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.48 $1.16 $1.75 $1.82 $1.57 $1.46 $1.20 $0.92 $1.00 Accumulation unit value at end of period $1.88 $1.48 $1.16 $1.75 $1.82 $1.57 $1.46 $1.20 $0.92 Number of accumulation units outstanding at end of period (000 omitted) 2,911 3,457 4,647 7,056 8,954 8,682 5,338 3,257 1,610 -------------------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.24 $0.99 $1.60 $1.56 $1.34 $1.22 $1.10 $0.89 $1.00 Accumulation unit value at end of period $1.36 $1.24 $0.99 $1.60 $1.56 $1.34 $1.22 $1.10 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 4,727 5,705 8,193 12,837 13,922 11,400 7,311 3,856 1,418 -------------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.84 $0.63 $1.06 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.95 $0.84 $0.63 $1.06 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,827 18,450 16,906 12,686 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $2.21 $1.69 $2.74 $2.18 $1.68 $1.46 $1.14 $0.85 $1.00 Accumulation unit value at end of period $2.48 $2.21 $1.69 $2.74 $2.18 $1.68 $1.46 $1.14 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 2,748 3,343 4,698 6,370 6,302 5,189 2,575 1,371 431 -------------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.98 $0.63 $1.19 $0.99 $1.00 -- -- -- -- Accumulation unit value at end of period $1.28 $0.98 $0.63 $1.19 $0.99 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,284 1,240 1,487 1,490 3,111 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.28 $0.93 $1.58 $1.50 $1.30 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.46 $1.28 $0.93 $1.58 $1.50 $1.30 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,966 3,414 4,437 6,986 8,796 5,927 2,391 -- -- -------------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.14 $0.84 $1.37 $1.41 $1.24 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.38 $1.14 $0.84 $1.37 $1.41 $1.24 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,099 2,510 3,184 4,773 5,725 3,700 1,477 -- -- -------------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.11 $0.92 $1.11 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.24 $1.11 $0.92 $1.11 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7,492 15,667 18,406 14,755 14,860 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND* (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 163 -- -- -- -- -- -- -- -- *RiverSource Variable Portfolio - Strategic Income Fund (Class 2) is scheduled to be merged into Columbia Variable Portfolio - Strategic Income Fund, Class 2 on April 29, 2011. -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18,111 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.18 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 118 -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 100 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 109 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 14 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 200 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 44 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 31,375 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 38 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 490 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 67 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 97 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 184 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 87 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.24 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.15 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 85 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 267,638 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 98,233 -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 101
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 82,795 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 155 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 10 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 74 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 159 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 163 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (12/08/2003) Accumulation unit value at beginning of period $1.16 $0.86 $1.30 $1.22 $1.10 $1.02 $0.95 $0.91 -- Accumulation unit value at end of period $1.33 $1.16 $0.86 $1.30 $1.22 $1.10 $1.02 $0.95 -- Number of accumulation units outstanding at end of period (000 omitted) 707 797 823 954 1,268 1,570 1,304 1,011 -- -------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.27 $0.87 $1.47 $1.39 $1.25 $1.18 $1.01 $0.75 $1.00 Accumulation unit value at end of period $1.55 $1.27 $0.87 $1.47 $1.39 $1.25 $1.18 $1.01 $0.75 Number of accumulation units outstanding at end of period (000 omitted) 941 1,067 1,472 2,414 3,081 3,829 3,698 3,344 1,985 -------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.31 $0.87 $1.51 $1.34 $1.10 $1.05 $0.94 $0.67 $1.00 Accumulation unit value at end of period $1.65 $1.31 $0.87 $1.51 $1.34 $1.10 $1.05 $0.94 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 1,331 1,388 1,360 1,799 1,527 1,557 1,643 1,441 387 --------------------------------------------------------------------------------------------------------------------------------
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 2 ----------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 127 -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 102 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.99 Number of accumulation units outstanding at end of period (000 omitted) 340 *For RAVA 5 Access, the 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 2) at Dec. 31, 2010 were (1.59%) and (1.57%), respectively. *For RAVA 5 Advantage, the 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 2) at Dec. 31, 2010 were (1.56%) and (1.54%), respectively. ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.02 Number of accumulation units outstanding at end of period (000 omitted) 306 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 38 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 13 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 33 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 97 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.02 Number of accumulation units outstanding at end of period (000 omitted) 187 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.97 Number of accumulation units outstanding at end of period (000 omitted) 122 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 121 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 59 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 10 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 38 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) 27 -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 103
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 5 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) 6 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) 66 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 2 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) 3 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 147 ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 465 *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) 74 *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) 60 *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.09 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 51 ----------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) 58 -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 104 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.30 Number of accumulation units outstanding at end of period (000 omitted) 20 ----------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.12 Number of accumulation units outstanding at end of period (000 omitted) 15 ----------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 11 ----------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 21 ----------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) 5 ----------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 166 ----------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 18 ----------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) 194 ----------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND* (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 111 *RiverSource Variable Portfolio - Strategic Income Fund (Class 2) is scheduled to be merged into Columbia Variable Portfolio - Strategic Income Fund, Class 2 on April 29, 2011. ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 302 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) 31 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 54 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 7 -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 105
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 28 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) 8 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.05 Number of accumulation units outstanding at end of period (000 omitted) 3,209 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 3 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 100 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 8 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 52 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 30 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 12 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) 11 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) 10 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) 8,015 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) 1,891 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 4,109 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 49 -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 106 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 3 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 6 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) 1 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 21 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 4 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 38 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 11 ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 2 ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 2 ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.28 Number of accumulation units outstanding at end of period (000 omitted) 6 -----------------------------------------------------------------------------------------
VARIABLE ACCOUNT CHARGES OF 1.40% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.99 Number of accumulation units outstanding at end of period (000 omitted) -- *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 2) at Dec. 31, 2010 were (1.60%) and (1.59%), respectively. -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 107
VARIABLE ACCOUNT CHARGES OF 1.40% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) 7 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 65 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 17 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.02 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.97 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 6 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 1 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 13 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 34 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 108 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.40% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 6 ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 269 *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) 5 *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.09 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 80 ----------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) 15 ----------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.30 Number of accumulation units outstanding at end of period (000 omitted) 9 ----------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.12 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 9 -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 109
VARIABLE ACCOUNT CHARGES OF 1.40% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 2 ----------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) 10 ----------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 1 ----------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND* (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 18 *RiverSource Variable Portfolio - Strategic Income Fund (Class 2) is scheduled to be merged into Columbia Variable Portfolio - Strategic Income Fund, Class 2 on April 29, 2011. ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 387 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 11 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 54 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) 40 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.05 Number of accumulation units outstanding at end of period (000 omitted) 673 -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 110 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.40% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 20 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 5 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) 6,259 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) 3,622 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 2,470 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 10 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 9 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 111
VARIABLE ACCOUNT CHARGES OF 1.40% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 9 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 11 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.28 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
VARIABLE ACCOUNT CHARGES OF 1.65% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.99 Number of accumulation units outstanding at end of period (000 omitted) -- *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 2) at Dec. 31, 2010 were (1.90%) and (1.88%), respectively. ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 112 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.65% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.97 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 93 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) 1 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 113
VARIABLE ACCOUNT CHARGES OF 1.65% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.09 Number of accumulation units outstanding at end of period (000 omitted) 33 *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 1 ----------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.30 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.12 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 114 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.65% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) 47 ----------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND* (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 4 *RiverSource Variable Portfolio - Strategic Income Fund (Class 2) is scheduled to be merged into Columbia Variable Portfolio - Strategic Income Fund, Class 2 on April 29, 2011. ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 234 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) 1 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 3 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.05 Number of accumulation units outstanding at end of period (000 omitted) 306 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 95 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 115
VARIABLE ACCOUNT CHARGES OF 1.65% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 1 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) 1 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.10 Number of accumulation units outstanding at end of period (000 omitted) 10,038 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) 1,963 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 1,757 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 22 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 116 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.65% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.28 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
VARIABLE ACCOUNT CHARGES OF 1.80% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.99 Number of accumulation units outstanding at end of period (000 omitted) -- *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 2) at Dec. 31, 2010 were (2.10%) and (2.08%), respectively. ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 2 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 3 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 117
VARIABLE ACCOUNT CHARGES OF 1.80% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.97 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 3 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 118 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.80% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.09 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 8 ----------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) 4 ----------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.30 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.12 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 119
VARIABLE ACCOUNT CHARGES OF 1.80% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND* (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- *RiverSource Variable Portfolio - Strategic Income Fund (Class 2) is scheduled to be merged into Columbia Variable Portfolio - Strategic Income Fund, Class 2 on April 29, 2011. ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) 3 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 5 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.05 Number of accumulation units outstanding at end of period (000 omitted) 116 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 4 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 3 -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 120 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.80% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 5 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) 8 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.10 Number of accumulation units outstanding at end of period (000 omitted) 163 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) 102 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 198 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) 2 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 2 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 3 -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 121
VARIABLE ACCOUNT CHARGES OF 1.80% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 122 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION Calculating Annuity Payouts................ p. 3 Rating Agencies............................ p. 4 Revenues Received During Calendar Year 2010..................................... p. 4 Principal Underwriter...................... p. 5 Independent Registered Public Accounting Firm..................................... p. 6 Financial Statements
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY -- PROSPECTUS 123 THIS PAGE LEFT BLANK INTENTIONALLY (RIVERSOURCE ANNUITIES LOGO) RiverSource Life Insurance Company 70100 Ameriprise Financial Center Minneapolis, MN 55474 1 (800) 862-7919 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. (C)2008-2011 RiverSource Life Insurance Company. All rights reserved. 140463 C (4/11) PROSPECTUS APRIL 29, 2011 RIVERSOURCE RAVA 5 ADVANTAGE VARIABLE ANNUITY RAVA 5 SELECT VARIABLE ANNUITY RAVA 5 ACCESS VARIABLE ANNUITY INDIVIDUAL FLEXIBLE PREMIUM DEFERRED COMBINATION FIXED/VARIABLE ANNUITIES ISSUED BY: RIVERSOURCE LIFE INSURANCE CO. OF NEW YORK (RIVERSOURCE LIFE OF NY) 20 Madison Avenue Extension Albany, NY 12203 Telephone: (800) 541-2251 ameriprise.com/variableannuities RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT This prospectus contains information that you should know before investing in the RAVA 5 Advantage, the RAVA 5 Select, or the RAVA 5 Access. The information in this prospectus applies to all contracts unless stated otherwise. Prospectuses are also available for: - AllianceBernstein Variable Products Series Fund, Inc. - American Century Variable Portfolios, Inc. - Columbia Funds Variable Insurance Trust - Columbia Funds Variable Series Trust II (previously RiverSource Variable Series Trust (RVST)) - Fidelity(R) Variable Insurance Products -- Service Class 2 - Franklin(R) Templeton(R) Variable Insurance Products Trust (FTVIPT) -- Class 2 - MFS(R) Variable Insurance Trust(SM) - Neuberger Berman Advisers Management Trust - Oppenheimer Variable Account Funds -- Service Shares - PIMCO Variable Investment Trust (VIT) - Wells Fargo Variable Trust Please read the prospectuses carefully and keep them for future reference. THE SECURITIES AND EXCHANGE COMMISSION (SEC) HAS NOT APPROVED OR DISAPPROVED THESE SECURITIES OR PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. AN INVESTMENT IN THIS CONTRACT IS NOT A DEPOSIT OF A BANK OR FINANCIAL INSTITUTION AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY OTHER GOVERNMENT AGENCY. AN INVESTMENT IN THIS CONTRACT INVOLVES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. A Statement of Additional Information (SAI), dated the same date as this prospectus, is incorporated by reference into this prospectus. It is filed with the SEC and is available without charge by contacting RiverSource Life of NY at the telephone number and address listed above. The table of contents of the SAI is on the last page of this prospectus. The SEC maintains an Internet site. This prospectus, the SAI and other information about the product are available on the EDGAR Database on the SEC's Internet site at (http://www.sec.gov). Variable annuities are insurance products that are complex investment vehicles. Before you invest, be sure to ask your financial advisor about the contract features, benefits, risks and fees, and whether the contract is appropriate for you, based upon your financial situation and objectives. RiverSource Life of NY has not authorized any person to give any information or to make any representations regarding the contract other than those contained in this prospectus or the fund prospectuses. Do not rely on any such information or representations. RiverSource Life of NY offers several different annuities which your financial advisor may or may not be authorized to offer to 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, surrender charge schedules and access to your annuity account values. The fees and charges you will pay when buying, owning and surrendering money from the contracts -------------------------------------------------------------------------------- 2 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS we describe in this prospectus may be more or less than the fees and charges of other variable annuities we and our affiliates issue. You should ask your financial advisor about his or her ability to offer you other variable annuities we issue (which might have lower fees and charges than the contracts described in this prospectus). TABLE OF CONTENTS KEY TERMS................................ 4 THE CONTRACTS IN BRIEF................... 6 EXPENSE SUMMARY.......................... 8 CONDENSED FINANCIAL INFORMATION.......... 15 FINANCIAL STATEMENTS..................... 15 THE VARIABLE ACCOUNT AND THE FUNDS....... 15 THE FIXED ACCOUNT........................ 17 BUYING YOUR CONTRACT..................... 18 CHARGES.................................. 21 VALUING YOUR INVESTMENT.................. 26 MAKING THE MOST OF YOUR CONTRACT......... 28 SURRENDERS............................... 34 CHANGING THE ANNUITANT................... 35 CHANGING OWNERSHIP....................... 35 BENEFITS IN CASE OF DEATH -- STANDARD DEATH BENEFIT.......................... 37 OPTIONAL BENEFITS........................ 38 THE ANNUITY PAYOUT PERIOD................ 50 TAXES.................................... 52 VOTING RIGHTS............................ 55 SUBSTITUTION OF INVESTMENTS.............. 56 ABOUT THE SERVICE PROVIDERS.............. 56 APPENDIX A: THE FUNDS.................... 59 APPENDIX B: EXAMPLE -- SURRENDER CHARGES................................ 67 APPENDIX C: EXAMPLE -- OPTIONAL DEATH BENEFITS............................... 74 APPENDIX D: EXAMPLE -- OPTIONAL LIVING BENEFITS............................... 76 APPENDIX E: EXAMPLE -- ADDITIONAL RMD DISCLOSURE............................. 78 APPENDIX F: CONDENSED FINANCIAL INFORMATION (UNAUDITED)................ 79 TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION................. 109
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 3 KEY TERMS These terms can help you understand details about your contract. ACCUMULATION UNIT: A measure of the value of each subaccount prior to the application of amounts to an annuity payment plan. ANNUITANT: The person or persons on whose life or life expectancy the annuity payouts are based. ANNUITIZATION START DATE: The date when annuity payments begin according to the applicable annuity payment plan. ANNUITY PAYOUTS: An amount paid at regular intervals under one of several plans. ASSUMED INVESTMENT RETURN: The rate of return we assume your investments will earn when we calculate your initial annuity payout amount using the annuity table in your contract. The standard assumed investment return we use is 5% but you may request we substitute an assumed investment return of 3.5%. BENEFICIARY: The person you designate to receive benefits in case of your death while the contract is in force. CLOSE OF BUSINESS: The time the New York Stock Exchange (NYSE) closes (4 p.m. Eastern time unless the NYSE closes earlier). CODE: The Internal Revenue Code of 1986, as amended. CONTINGENT ANNUITANT: The person who becomes the annuitant when the current annuitant dies prior to the annuitization start date. In the case of joint ownership, one owner must also be the contingent annuitant. CONTRACT: A deferred annuity contract that permits you to accumulate money for retirement by making one or more purchase payments. It provides for lifetime or other forms of payouts beginning at a specified time in the future. CONTRACT VALUE: The total value of your contract at any point in time. CONTRACT YEAR: A period of 12 months, starting on the effective date of your contract and on each anniversary of the effective date. FIXED ACCOUNT: Our general account which includes the regular fixed account and the Special DCA fixed account. Amounts you allocate to this account earn interest at rates that we declare periodically. FUNDS: Investment options under your contract. Unless an asset allocation program is in effect, you may allocate your purchase payments into subaccounts investing in shares of any or all of these funds. GOOD ORDER: We cannot process your transaction request relating to the contract until we have received the request in good order at our corporate office. "Good order" means the actual receipt of the requested transaction in writing, along with all information and supporting legal documentation necessary to effect the transaction. This information and documentation generally includes your completed request; the contract number; the transaction amount (in dollars); the names of and allocations to and/or from the subaccounts and the fixed account affected by the requested transaction; the signatures of all contract owners, exactly as registered on the contract, if necessary; Social Security Number or Taxpayer Identification Number; and any other information or supporting documentation that we may require. With respect to purchase requests, "good order" also generally includes receipt of sufficient payment by us to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in good order, and we reserve the right to change or waive any good order requirements at any time. OWNER (YOU, YOUR): The person or persons identified in the contract as owner(s) of the contract, who has or have the right to control the contract (to decide on investment allocations, transfers, payout options, etc.). Usually, but not always, the owner is also the annuitant. The owner is responsible for taxes, regardless of whether he or she receives the contract's benefits. The owner or any joint owner may be a nonnatural person (e.g. irrevocable trust or corporation) or a revocable trust. In this case, the annuitant will be deemed to be the owner for contract provisions that are based on the age or life of the owner. Any contract provisions that are based on the age of the owner will be based on the age of the oldest owner. When the contract is owned by a revocable trust, the annuitant selected should be the grantor of the trust to qualify for income tax deferral. Any ownership change, including continuation of the contract by your spouse under the spousal continuation provision of the contract, redefines "owner", "you" and "your". QUALIFIED ANNUITY: A contract that you purchase to fund one of the following tax-deferred retirement plans that is subject to applicable federal law and any rules of the plan itself: - Individual Retirement Annuities (IRAs) including inherited IRAs under Section 408(b) of the Code - Roth IRAs including inherited Roth IRAs under Section 408A of the Code - Simplified Employee Pension IRA (SEP) plans under Section 408(k) of the Code -------------------------------------------------------------------------------- 4 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS A qualified annuity will not provide any necessary or additional tax deferral if it is used to fund a retirement plan that is already tax-deferred. All other contracts are considered NONQUALIFIED ANNUITIES. RIDER: You receive a rider to your contract when you purchase optional benefits. The rider adds the terms of the optional benefit to your contract. RIDER EFFECTIVE DATE: The date a rider becomes effective as stated in the rider. RIVERSOURCE LIFE OF NY: In this prospectus, "we," "us," "our" and "RiverSource Life of NY" refer to RiverSource Life Insurance Co. of New York. SURRENDER VALUE: The amount you are entitled to receive if you make a full surrender from your contract. It is the contract value immediately prior to the surrender, minus any applicable charges. VALUATION DATE: Any normal business day, Monday through Friday, on which the NYSE is open, up to the close of business. At the close of business, the next valuation date begins. We calculate the accumulation unit value of each subaccount on each valuation date. If we receive your purchase payment or any transaction request (such as a transfer or surrender request) in good order at our corporate office before the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the valuation date we received your payment or transaction request. On the other hand, if we receive your purchase payment or transaction request in good order at our corporate office at or after the close of business, we will process your payment or transaction using the accumulation unit value we calculate on the next valuation date. If you make a transaction request by telephone (including by fax), you must have completed your transaction by the close of business in order for us to process it using the accumulation unit value we calculate on that valuation date. If you were not able to complete your transaction before the close of business for any reason, including telephone service interruptions or delays due to high call volume, we will process your transaction using the accumulation unit value we calculate on the next valuation date. VARIABLE ACCOUNT: Separate subaccounts to which you may allocate purchase payments; each invests in shares of one fund. The value of your investment in each subaccount changes with the performance of the particular fund. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 5 THE CONTRACTS IN BRIEF This prospectus describes three contracts. Each contract has different expenses. RAVA 5 Access does not have surrender charges, but it has the highest mortality and expense risk fees of the three contracts. RAVA 5 Select has a four-year surrender charge schedule, and has lower mortality and expense risk fees than RAVA 5 Access. RAVA 5 Advantage offers a choice of a seven-year or a ten-year surrender charge schedule and has the lowest mortality and expense risk fees of the three contracts. Your financial advisor can help you determine which contract is best suited to your needs based on factors such as your investment goals and how long you intend to keep your contract. The information in this prospectus applies to all contracts unless stated otherwise. PURPOSE: The purpose of each contract is to allow you to accumulate money for retirement or a similar long-term goal. You do this by making one or more purchase payments. You may allocate your purchase payments to the regular fixed account (if available), subaccounts and/or Special DCA fixed account under the contract; however, you risk losing amounts you invest in the subaccounts of the variable account. These accounts, in turn, may earn returns that increase the value of the contract. You may be able to purchase an optional benefit to reduce the investment risk you assume under your contract. Beginning at a specified time in the future called the annuitization start date, the contract provides lifetime or other forms of payouts of your contract value (less any applicable premium tax and/or other charges). BUYING A CONTRACT: There are many factors to consider carefully before you buy a variable annuity and any optional benefit rider. Variable annuities -- with or without optional benefit riders -- are not right for everyone. MAKE SURE YOU HAVE ALL THE FACTS YOU NEED BEFORE YOU PURCHASE A VARIABLE ANNUITY OR CHOOSE AN OPTIONAL BENEFIT RIDER. Some of the factors you may wish to consider include: - "Tax Free" Exchanges: It may not be advantageous for you to purchase one of these contracts in exchange for, or in addition to, an existing annuity or life insurance policy. Generally, you can exchange one annuity for another or for a long-term care policy in a "tax-free" exchange under Section 1035 of the Code. You can also do a partial exchange from one annuity contract to another annuity contract, subject to IRS rules. You also generally can exchange a life insurance policy for an annuity. However, before making an exchange, you should compare both contracts carefully because the features and benefits may be different. Fees and charges may be higher or lower on your old contract than on these contracts. You may have to pay a surrender charge when you exchange out of your old contract and a new surrender charge period will begin when you exchange into one of these contracts. If the exchange does not qualify for Section 1035 treatment, you also may have to pay federal income tax on the distribution. State income taxes may also apply. You should not exchange your old contract for one of these contracts, or buy one of these contracts in addition to your old contract, unless you determine it is in your best interest. (See "Taxes -- 1035 Exchanges.") - Tax-deferred retirement plans: Most annuities have a tax-deferred feature. So do many retirement plans under the Code. As a result, when you use a qualified annuity to fund a retirement plan that is tax-deferred, your contract will not provide any necessary or additional tax deferral for that retirement plan. A qualified annuity has features other than tax deferral that may help you reach your retirement goals. In addition, the Code subjects retirement plans to required withdrawals triggered at a certain age. These mandatory withdrawals are called required minimum distributions ("RMDs"). RMDs may reduce the value of certain death benefits and optional riders (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). You should consult your tax advisor before you purchase the contract as a qualified annuity for an explanation of the tax implications to you. - Taxes: Generally, income earned on your contract value grows tax-deferred until you make withdrawals or begin to receive payouts. (Under certain circumstances, IRS penalty taxes may apply.) The tax treatment of qualified and nonqualified annuities differs. Even if you direct payouts to someone else, you will be taxed on the income if you are the owner. (see "Taxes") - Your age: If you are an older person, you may not necessarily have a need for tax deferral, retirement income or a death benefit. Older persons who are considering buying a contract including any optional benefits may find it helpful to consult with or include a family member, friend or other trusted advisor in the decision making process before buying a contract. - How long you plan to keep your contract: variable annuities are not short-term liquid investments. RAVA 5 Advantage and RAVA 5 Select contracts have surrender charges. RAVA 5 Access contract does not have a surrender charge schedule, but it has a higher mortality and expense risk fee than RAVA 5 Advantage and RAVA 5 Select. All contracts offer an annuity payout plan called Annuity Payout Plan E, which imposes a surrender charge only if you elect to surrender remaining variable payouts available under Annuity Payout Plan E. (see "Annuity Payout Plans -- Plan E") Does the contract meet your current and anticipated future needs for liquidity? - If you can afford the contract: are your annual income and assets adequate to buy the contract and any optional benefit riders you may choose? -------------------------------------------------------------------------------- 6 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS - The fees and expenses you will pay when buying, owning and surrendering money from these contracts. (see "Charges") - How and when you plan to take money from the contract: under current tax law, surrenders, including surrenders made under optional benefit riders, are taxed differently than annuity payouts. If you withdraw more than the allowed withdrawal amount in a contract year ("excess withdrawal") under the SecureSource Stages NY rider, the guaranteed amounts under the rider will be reduced. For SecureSource Stages NY, when a withdrawal is taken you will no longer be eligible to receive any future rider credits available under the rider. In addition, certain surrenders may be subject to a federal income tax penalty. (see "Surrenders") - Your investment objectives, how much experience you have in managing investments and how much risk you are you willing to accept. - Short-term trading: if you plan to manage your investment in the contract by frequent or short-term trading, these contracts are not suitable for you and you should not buy one of them. (see "Making the Most of Your Contract -- Transferring Among Accounts") FREE LOOK PERIOD: You may return your contract to your financial advisor or to our corporate office within the time stated on the first page of your contract and receive a full refund of the contract value. The valuation date will be the date your request is received at our corporate office. (See "Valuing Your Investment.") We will not deduct any contract charges or fees. However, you bear the investment risk from the time of purchase until you return the contract; the refund amount may be more or less than the payment you made. (EXCEPTION: If the law requires, we will refund all of your purchase payments.) ACCOUNTS: Generally, you may allocate your purchase payments among the: - subaccounts of the variable account, each of which invests in a fund with a particular investment objective. The value of each subaccount varies with the performance of the particular fund in which it invests. We cannot guarantee that the value at the annuitization start date will equal or exceed the total purchase payments you allocate to the subaccounts. (see "The Variable Account and the Funds") - regular fixed account, which earns interest at rates that we adjust periodically. For RAVA 5 Advantage and RAVA 5 Select contracts, there are restrictions on transfers from this account and may be restrictions on the amount you can allocate to this account (see "Buying Your Contract", "Transfer Policies" and "The Regular Fixed Account"). For RAVA 5 Access contracts, the regular fixed account is not available (see "The Fixed Account"). - Special DCA fixed account, which earns interest at rates that we adjust periodically. There are restrictions on how long contract value can remain in this account. (see "The Fixed Account -- The Special DCA Fixed Account") TRANSFERS: Subject to certain restrictions, you currently may redistribute your contract value among the accounts without charge at any time until the annuitization start date, and once per contract year among the subaccounts after the annuitization start date. You may establish automated transfers among the accounts. You may not transfer existing amounts to the Special DCA fixed account. Regular fixed account transfers are subject to special restrictions. (see "Making the Most of Your Contract -- Transferring Among Accounts") SURRENDERS: You may surrender all or part of your contract value at any time before the annuitization start date. You also may establish automated partial surrenders. Surrenders may be subject to charges and income taxes (including an IRS penalty if you surrender prior to your reaching age 59 1/2) and may have other tax consequences; also, certain restrictions apply. If you have elected SecureSource Stages NY and you withdraw more than the allowed withdrawal amount in a contract year ("excess withdrawal") under the rider, the guaranteed amounts under the rider will be reduced and you will no longer be eligible to receive any future rider credits available under the rider. In addition, certain surrenders may be subject to a federal income tax penalty. (see "Surrenders") BENEFITS IN CASE OF DEATH: If you die before the annuitization start date, we will pay the beneficiary an amount based on the applicable death benefit. (see "Benefits in Case of Death -- Standard Death Benefit" and "Optional Benefits") OPTIONAL BENEFITS: These contracts offer optional living and death benefits that are available for additional charges if you meet certain criteria. We offer optional death benefits and optional living benefits. We currently offer SecureSource Stages NY riders and Accumulation Protector Benefit rider as optional living benefits. SecureSource Stages NY riders are guaranteed minimum withdrawal benefits that permit you to withdraw a guaranteed amount from the contract over a period of time, which may include, under limited circumstances, the lifetime of a single person (Single Life) or the lifetime of you and your spouse (Joint Life). SecureSource Stages NY riders may be appropriate for you if you intend to make periodic withdrawals from your annuity contract and wish to ensure that market performance will not affect your ability to withdraw income over your lifetime. This optional living benefit may not be appropriate for you if you do not intend to limit withdrawals to the amount allowed under the rider. Accumulation Protector Benefit rider is intended to provide you with a guaranteed contract value at the end of specified waiting period regardless of the volatility inherent in the investments in the subaccounts. Accumulation Protector Benefit rider may be appropriate for you if you want a guaranteed contract value at the end of specified waiting -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 7 period regardless of the volatility inherent in the investments in the subaccounts. This optional living benefit may not be appropriate for you if you intend to surrender your contract value before the end of the 10-year waiting period or take withdrawals during the waiting period (which provides reduced benefit). Optional living benefits require the use of a PN program investment option which may limit transfers and allocations; may limit the timing, amount and allocation of purchase payments; and may limit the amount of surrenders that can be taken under the optional benefit during a contract year. For more information on considerations before buying optional living benefits, please see "Optional Living Benefits -- SecureSource Stages 2 Riders -- Important SecureSource Stages 2 Rider Considerations" and "Optional Living Benefits -- Accumulation Protector Benefit Rider." (See "Optional Benefits"). We offer the following optional death benefits: ROPP Death Benefit, MAV Death Benefit and 5-year MAV Death Benefit. ANNUITY PAYOUTS: You can apply your contract value, after reflecting any adjustments, to an annuity payout plan that begins on the annuitization start date. You may choose from a variety of plans to make sure that payouts continue as long as you like. If you purchased a qualified annuity, the payout schedule must meet IRS requirements. We can make payouts on a fixed or variable basis, or both. During the annuity payout period, your choices for subaccounts may be limited. The Special DCA fixed account is not available after the annuitization start date. (see "The Annuity Payout Period") EXPENSE SUMMARY THE FOLLOWING TABLES DESCRIBE THE FEES AND EXPENSES THAT YOU WILL PAY WHEN BUYING, OWNING AND SURRENDERING FROM THESE CONTRACTS. THE FIRST TABLE DESCRIBES THE FEES AND EXPENSES THAT YOU WILL PAY AT THE TIME THAT YOU SURRENDER ONE OF THESE CONTRACTS. CONTRACT OWNER TRANSACTION EXPENSES SURRENDER CHARGES FOR RAVA 5 ADVANTAGE (Contingent deferred sales load as a percentage of purchase payments surrendered) You select either a seven-year or ten-year surrender charge schedule at the time of application.
SEVEN-YEAR SCHEDULE TEN-YEAR SCHEDULE SURRENDER CHARGE NUMBER OF COMPLETED SURRENDER CHARGE NUMBER OF COMPLETED PERCENTAGE APPLIED YEARS FROM DATE OF EACH PERCENTAGE APPLIED TO YEARS FROM DATE OF EACH TO EACH PURCHASE PURCHASE PAYMENT EACH PURCHASE PAYMENT PURCHASE PAYMENT PAYMENT 0 7% 0 8% 1 7 1 8 2 7 2 8 3 6 3 7 4 5 4 6 5 4 5 5 6 2 6 4 7+ 0 7 3 8 2 9 1 10+ 0
SURRENDER CHARGE FOR RAVA 5 SELECT (Contingent deferred sales load as a percentage of purchase payments surrendered)
SURRENDER CHARGE CONTRACT PERCENTAGE APPLIED YEAR TO PURCHASE PAYMENTS 1 7% 2 6 3 5 4 4 5+ 0
There are no surrender charges on and after the fourth contract anniversary. -------------------------------------------------------------------------------- 8 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS SURRENDER CHARGE FOR RAVA 5 ACCESS: 0% SURRENDER CHARGE UNDER ANNUITY PAYOUT PLAN E -- PAYOUTS FOR A SPECIFIED PERIOD: If you are receiving variable annuity payments under this annuity payout plan, you can choose to take a surrender. The amount that you can surrender is the present value of any remaining variable payouts. The discount rate we use in the calculation will be 5.17% if the assumed investment return is 3.5% and 6.67% if the assumed investment return is 5%. The surrender charge equals the present value of the remaining payouts using the assumed investment return minus the present value of the remaining payouts using the discount rate. (See "Charges -- Surrender Charge" and "The Annuity Payout Period -- Annuity Payout Plans.") THE NEXT TABLES DESCRIBE THE FEES AND EXPENSES THAT YOU WILL PAY PERIODICALLY DURING THE TIME THAT YOU OWN THE CONTRACT, NOT INCLUDING FUND FEES AND EXPENSES. CONTRACT ADMINISTRATIVE CHARGE ANNUAL CONTRACT ADMINISTRATIVE CHARGE MAXIMUM: $50 CURRENT: $30 ANNUAL CONTRACT ADMINISTRATIVE CHARGE IF YOUR CONTRACT VALUE EQUALS MAXIMUM: $20 CURRENT: $0 OR EXCEEDS $50,000 CONTRACT ADMINISTRATIVE CHARGE AT FULL SURRENDER MAXIMUM: $50 CURRENT: $30
ANNUAL VARIABLE ACCOUNT EXPENSES (As a percentage of average daily subaccount value) YOU MUST CHOOSE A PRODUCT, A DEATH BENEFIT GUARANTEE AND THE LENGTH OF YOUR CONTRACT'S SURRENDER CHARGE SCHEDULE. THE COMBINATION YOU CHOOSE DETERMINES THE MORTALITY AND EXPENSE RISK FEES YOU PAY. THE TABLE BELOW SHOWS THE COMBINATIONS AVAILABLE TO YOU AND THEIR COST. RAVA 5 ADVANTAGE WITH TEN-YEAR SURRENDER CHARGE SCHEDULE
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 0.85% ROPP Death Benefit 1.20 MAV Death Benefit 1.10 5-year MAV Death Benefit 0.95
RAVA 5 ADVANTAGE WITH SEVEN-YEAR SURRENDER CHARGE
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 0.95% ROPP Death Benefit 1.30 MAV Death Benefit 1.20 5-year MAV Death Benefit 1.05
RAVA 5 SELECT
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 1.20% ROPP Death Benefit 1.55 MAV Death Benefit 1.45 5-year MAV Death Benefit 1.30
RAVA 5 ACCESS
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 1.35% ROPP Death Benefit 1.70 MAV Death Benefit 1.60 5-year MAV Death Benefit 1.45
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 9 OTHER ANNUAL EXPENSES OPTIONAL LIVING BENEFITS If eligible, you may select one of the following optional living benefits. The optional living benefits require participation in the PN program. The fees apply only if you select one of these benefits. ACCUMULATION PROTECTOR BENEFIT(R) (APB(R)) RIDER FEE MAXIMUM: 1.75% CURRENT: 1.50%(1)
(Charged annually on the contract anniversary as a percentage of contract value or the minimum contract accumulation value, whichever is greater.) (1) For contract applications signed prior to Oct. 4, 2010, the current fee is 1.25%. SECURESOURCE STAGES NY(SM) - SINGLE LIFE RIDER FEE MAXIMUM: 1.75% CURRENT: 1.00% SECURESOURCE STAGES NY(SM) - JOINT LIFE RIDER FEE MAXIMUM: 1.75% CURRENT: 1.00%
(Charged annually on the contract anniversary as a percentage of contract value or the Benefit Base, whichever is greater.) ANNUAL OPERATING EXPENSES OF THE FUNDS THE NEXT TWO TABLES DESCRIBE THE OPERATING EXPENSES OF THE FUNDS THAT YOU MAY PAY PERIODICALLY DURING THE TIME THAT YOU OWN THE CONTRACT. THESE OPERATING EXPENSES ARE FOR THE FISCAL YEAR ENDED DEC. 31, 2010, UNLESS OTHERWISE NOTED. THE FIRST TABLE SHOWS THE MINIMUM AND MAXIMUM TOTAL OPERATING EXPENSES CHARGED BY THE FUNDS. THE SECOND TABLE SHOWS THE FEES AND EXPENSES CHARGED BY EACH FUND. MORE DETAIL CONCERNING EACH FUND'S FEES AND EXPENSES IS CONTAINED IN THE PROSPECTUS. MINIMUM AND MAXIMUM TOTAL ANNUAL OPERATING EXPENSES FOR THE FUNDS(A) (Including management fee, distribution and/or service (12b-1) fees and other expenses)
MINIMUM MAXIMUM Total expenses before fee waivers and/or expense reimbursements 0.47% 1.60%
(a) Each fund deducts management fees and other expenses from fund assets. Fund assets include amounts you allocate to a particular fund. Funds may also charge 12b-1 fees that are used to finance any activity that is primarily intended to result in the sale of fund shares. Because 12b-1 fees are paid out of fund assets on an on-going basis, you may pay more if you select subaccounts investing in funds that have adopted 12b-1 plans than if you select subaccounts investing in funds that have not adopted 12b-1 plans. The fund or the fund's affiliates may pay us or our affiliates for promoting and supporting the offer, sale and servicing of fund shares. In addition, the fund's distributor and/or investment adviser, transfer agent or their affiliates may pay us or our affiliates for various services we or our affiliates provide. The amount of these payments will vary by fund and may be significant. See "The Variable Accounts and the Funds" for additional information, including potential conflicts of interest these payments may create. For a more complete description of each fund's fees and expenses and important disclosure regarding payments the fund and/or its affiliates make, please review the fund's prospectus and SAI. TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND UNDERLYING RAVA 5 ADVANTAGE, RAVA 5 SELECT AND RAVA 5 ACCESS* (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12B-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES AllianceBernstein VPS Large Cap Growth Portfolio (Class B) 0.75% 0.25% 0.10% --% 1.10% American Century VP Value, Class II 0.87 0.25 -- -- 1.12 Columbia Variable Portfolio - Balanced Fund (Class 3) 0.64 0.13 0.17 -- 0.94(1),(2) Columbia Variable Portfolio - Cash Management Fund (Class 0.33 0.25 0.17 -- 0.75(2) 2) Columbia Variable Portfolio - Diversified Bond Fund (Class 0.41 0.25 0.16 -- 0.82(1) 2) Columbia Variable Portfolio - Diversified Equity Income 0.56 0.25 0.14 -- 0.95(1) Fund (Class 2) Columbia Variable Portfolio - Dynamic Equity Fund (Class 2) 0.66 0.25 0.17 0.01 1.09(1),(2) Columbia Variable Portfolio - Emerging Markets Opportunity 1.07 0.25 0.28 -- 1.60(1) Fund (Class 2) Columbia Variable Portfolio - Global Bond Fund (Class 2) 0.55 0.25 0.18 -- 0.98(1) Columbia Variable Portfolio - Global Inflation Protected 0.42 0.25 0.15 -- 0.82 Securities Fund (Class 2) Columbia Variable Portfolio - High Income Fund, Class 2 0.63 0.25 0.18 -- 1.06(3) Columbia Variable Portfolio - High Yield Bond Fund (Class 0.58 0.25 0.17 -- 1.00(1) 2) Columbia Variable Portfolio - Income Opportunities Fund 0.57 0.25 0.15 -- 0.97(1),(2) (Class 2) Columbia Variable Portfolio - International Opportunity 0.79 0.25 0.20 -- 1.24(1) Fund (Class 2) Columbia Variable Portfolio - Large Cap Growth Fund (Class 0.71 0.25 0.18 -- 1.14(1),(2) 2) Columbia Variable Portfolio - Limited Duration Credit Fund 0.47 0.25 0.14 -- 0.86(2) (Class 2)
-------------------------------------------------------------------------------- 10 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND UNDERLYING RAVA 5 ADVANTAGE, RAVA 5 SELECT AND RAVA 5 ACCESS*(CONTINUED) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12B-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES Columbia Variable Portfolio - Marsico International 1.02% 0.25% 0.24% --% 1.51%((4)) Opportunities Fund, Class 2 Columbia Variable Portfolio - Mid Cap Growth Opportunity 0.76 0.25 0.16 -- 1.17(1) Fund (Class 2) Columbia Variable Portfolio - Mid Cap Value Opportunity 0.76 0.25 0.15 -- 1.16(1),(2) Fund (Class 2) Columbia Variable Portfolio - S&P 500 Index Fund (Class 3) 0.10 0.13 0.24 -- 0.47(1) Columbia Variable Portfolio - Select Large-Cap Value Fund 0.71 0.25 0.33 -- 1.29(1),(2) (Class 2) Columbia Variable Portfolio - Select Smaller-Cap Value Fund 0.79 0.25 0.21 -- 1.25(1),(2) (Class 2) Columbia Variable Portfolio - Short Duration U.S. 0.36 0.25 0.16 -- 0.77(1) Government Fund (Class 2) Columbia Variable Portfolio - Strategic Income Fund, Class 0.60 0.25 0.23 -- 1.08(5) 2 Fidelity(R) VIP Contrafund(R) Portfolio Service Class 2 0.56 0.25 0.09 -- 0.90 Fidelity(R) VIP Mid Cap Portfolio Service Class 2 0.56 0.25 0.10 -- 0.91 FTVIPT Franklin Small Cap Value Securities Fund - Class 2 0.51 0.25 0.17 0.01 0.94(6) FTVIPT Mutual Shares Securities Fund - Class 2 0.60 0.25 0.14 -- 0.99 Janus Aspen Series Janus Portfolio: Service Shares 0.64 0.25 0.03 -- 0.92 MFS(R) Utilities Series - Service Class 0.73 0.25 0.08 -- 1.06 Morgan Stanley UIF Mid Cap Growth Portfolio, Class II 0.75 0.35 0.31 -- 1.41(7) Shares Neuberger Berman Advisers Management Trust Socially 0.85 0.25 0.23 -- 1.33(8) Responsive Portfolio (Class S) Oppenheimer Global Securities Fund/VA, Service Shares 0.63 0.25 0.13 -- 1.01 Oppenheimer Main Street Small- & Mid-Cap Fund(R)/VA, 0.70 0.25 0.15 -- 1.10(9) Service Shares PIMCO VIT All Asset Portfolio, Advisor Share Class 0.43 0.25 -- 0.66 1.34(10) Variable Portfolio - Aggressive Portfolio (Class 2) -- 0.25 0.02 0.82 1.09 Variable Portfolio - AllianceBernstein International Value 0.85 0.25 0.19 -- 1.29(11) Fund (Class 2) Variable Portfolio - American Century Diversified Bond Fund 0.47 0.25 0.15 -- 0.87 (Class 2) Variable Portfolio - American Century Growth Fund (Class 2) 0.64 0.25 0.14 -- 1.03(11) Variable Portfolio - Columbia Wanger International Equities 0.94 0.25 0.39 -- 1.58(11) Fund (Class 2) Variable Portfolio - Columbia Wanger U.S. Equities Fund 0.88 0.25 0.18 -- 1.31(11) (Class 2) Variable Portfolio - Conservative Portfolio (Class 2) -- 0.25 0.03 0.64 0.92 Variable Portfolio - Davis New York Venture Fund (Class 2) 0.70 0.25 0.13 -- 1.08(1),(11) Variable Portfolio - Eaton Vance Floating-Rate Income Fund 0.63 0.25 0.19 -- 1.07(11) (Class 2) Variable Portfolio - Goldman Sachs Mid Cap Value Fund 0.78 0.25 0.14 -- 1.17(1) (Class 2) Variable Portfolio - Invesco International Growth Fund 0.84 0.25 0.19 -- 1.28(11) (Class 2) Variable Portfolio - J.P. Morgan Core Bond Fund (Class 2) 0.47 0.25 0.15 -- 0.87 Variable Portfolio - Jennison Mid Cap Growth Fund (Class 2) 0.75 0.25 0.15 -- 1.15(11) Variable Portfolio - Marsico Growth Fund (Class 2) 0.64 0.25 0.14 -- 1.03(11) Variable Portfolio - MFS Value Fund (Class 2) 0.64 0.25 0.14 -- 1.03(11) Variable Portfolio - Moderate Portfolio (Class 2) -- 0.25 0.02 0.75 1.02 Variable Portfolio - Moderately Aggressive Portfolio (Class -- 0.25 0.02 0.79 1.06 2) Variable Portfolio - Moderately Conservative Portfolio -- 0.25 0.02 0.69 0.96 (Class 2) Variable Portfolio - Morgan Stanley Global Real Estate Fund 0.85 0.25 0.25 -- 1.35(11) (Class 2) Variable Portfolio - NFJ Dividend Value Fund (Class 2) 0.64 0.25 0.14 -- 1.03(11) Variable Portfolio - Nuveen Winslow Large Cap Growth Fund 0.65 0.25 0.15 -- 1.05(11) (Class 2) Variable Portfolio - Partners Small Cap Growth Fund (Class 0.88 0.25 0.20 -- 1.33(11) 2) Variable Portfolio - Partners Small Cap Value Fund (Class 0.92 0.25 0.17 0.04 1.38(1),(11) 2) Variable Portfolio - PIMCO Mortgage-Backed Securities Fund 0.48 0.25 0.19 -- 0.92(11) (Class 2) Variable Portfolio - Pyramis(R) International Equity Fund 0.85 0.25 0.20 -- 1.30(11) (Class 2)
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 11 TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND UNDERLYING RAVA 5 ADVANTAGE, RAVA 5 SELECT AND RAVA 5 ACCESS*(CONTINUED) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
ACQUIRED FUND GROSS TOTAL MANAGEMENT 12B-1 OTHER FEES AND ANNUAL FUND NAME** FEES FEES EXPENSES EXPENSES*** EXPENSES Variable Portfolio - Wells Fargo Short Duration Government 0.48% 0.25% 0.15% --% 0.88%((11)) Fund (Class 2) Wells Fargo Advantage VT Core Equity Fund - Class 2 0.55 0.25 0.21 0.01 1.02(12) Wells Fargo Advantage VT Opportunity Fund - Class 2 0.65 0.25 0.21 0.01 1.12(13) Wells Fargo Advantage VT Small Cap Growth Fund - Class 2 0.75 0.25 0.20 -- 1.20(12)
* The Funds provided the information on their expenses and we have not independently verified the information. ** The previous fund names can be found in the Appendix under "The Funds". *** Includes fees and expenses incurred indirectly by the Fund as a result of its investment in other investment companies (also referred to as acquired funds). (1) Expense ratios have been adjusted to reflect current fees. (2) Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses (other than acquired fund fees and expenses, if any) until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net fund expenses (excluding acquired fund fees and expenses, if any), will not exceed 0.82% for Columbia Variable Portfolio - Balanced Fund (Class 3), 0.705% for Columbia Variable Portfolio - Cash Management Fund (Class 2), 0.985% for Columbia Variable Portfolio - Dynamic Equity Fund (Class 2), 0.955% for Columbia Variable Portfolio - Income Opportunities Fund (Class 2), 1.015% for Columbia Variable Portfolio - Large Cap Growth Fund (Class 2), 0.79% for Columbia Variable Portfolio - Limited Duration Credit Fund (Class 2), 1.145% for Columbia Variable Portfolio - Mid Cap Value Opportunity Fund (Class 2), 1.075% for Columbia Variable Portfolio - Select Large-Cap Value Fund (Class 2) and 1.205% for Columbia Variable Portfolio - Select Smaller-Cap Value Fund (Class 2). (3) Management fees have been restated to reflect contractual changes to the investment advisory and/or administrative fee rates. Other expenses have been restated to reflect contractual changes to the transfer agency fees paid. The Adviser has voluntarily agreed to reimburse a portion of the Fund's expenses so that the Fund's ordinary operating expenses (excluding brokerage commissions, interest, taxes and extraordinary expenses, but including custodian charges relating to overdrafts, if any), after giving effect to any balance credits from the Fund's custodian, do not exceed 0.85% of the Fund's average daily net assets on an annualized basis. The Adviser, in its discretion, may revise or discontinue this arrangement at any time. (4) Other expenses have been restated to reflect contractual changes to the transfer agency fees paid. The Adviser has contractually agreed to bear, through April 30, 2012, a portion of the Fund's expenses so that the Fund's ordinary operating expenses (excluding brokerage commissions, interest, taxes, acquired fund fees and expenses, and extraordinary expenses, but including custodian charges relating to overdrafts, if any), after giving effect to any balance credits from the Fund's custodian, do not exceed the annual rate of 1.45% of the Fund's average daily net assets. This expense arrangement may only be modified or amended with approval from all parties to such arrangement, including the Fund and the Adviser. (5) Management fees have been restated to reflect contractual changes to the investment advisory and/or administration fee rates. Other expenses have been restated to reflect contractual changes to the transfer agency fees paid and contractual changes to certain other fees. The Adviser and/or its affiliates have contractually agreed to bear, through April 30, 2012, a portion of the Fund's expenses so that the Fund's ordinary operating expenses (excluding certain expenses such as brokerage commissions, interest, taxes, acquired fund fees and expenses, and extraordinary expenses, if any), after giving effect to any balance credits from the Fund's custodian, do not exceed the annual rate of 0.83% of the Fund's average daily net assets. This expense arrangement may only be modified or amended with approval from all parties to such arrangement, including the Fund and the Adviser. (6) The manager and administrator have agreed in advance to reduce their fees as a result of the Fund's investment in a Franklin Templeton money market fund. This reduction will continue until at least April 30, 2012. After fee reductions, net expenses would be 0.93%. (7) The Portfolios' adviser, Morgan Stanley Investment Management Inc. (the "Adviser"), has agreed to reduce its advisory fee and/or reimburse each Portfolio so that total annual portfolio operating expenses, excluding certain investment related expenses (such as foreign country tax expense and interest expense on amounts borrowed) (but including any 12b-1 fee), will not exceed 1.15%. The fee waivers and/or expense reimbursements are expected to continue until such time as the Fund's Board of Directors acts to discontinue all or a portion of such waivers and/or reimbursements when it deems that such action is appropriate. (8) Neuberger Berman Management LLC ("NBM") has undertaken through Dec. 31, 2014, to waive fees and/or reimburse certain operating expenses, including the compensation of NBM and excluding taxes, interest, extraordinary expenses, brokerage commissions and transaction costs, that exceed, in the aggregate, 1.17% of the average daily net asset value. The expense limitation arrangement for the Portfolio is contractual and any excess expenses can be repaid to NBM within three years of the year incurred, provided such recoupment would not cause the Portfolio to exceed its respective limitation. (9) The Manager has voluntarily agreed to limit the Fund's total annual operating expenses so that those expenses, as percentages of daily net assets, will not exceed the annual rate of 1.05%. This voluntary expense limitation may not be amended or withdrawn until one year after the date of the Funds' prospectus. (10) PIMCO has contractually agreed, through May 1, 2012, to reduce its advisory fee to the extent that the Underlying PIMCO Fund Expenses attributable to advisory and supervisory and administrative fees exceed 0.64% of the total assets invested in Underlying PIMCO Funds. PIMCO may recoup these waivers in future periods, not exceeding three years, provided total expenses, including such recoupment, do not exceed the annual expense limit. The fee reduction is implemented based on a calculation of Underlying PIMCO fund expenses attributable to advisory and supervisory and administrative fees that is different from the calculation of acquired fund fees and expenses listed in the table above. After fee waivers, net expenses would be 1.305%. (11) Columbia Management Investment Advisers, LLC and its affiliates have contractually agreed to waive certain fees and to reimburse certain expenses (other than acquired fund fees and expenses, if any) until April 30, 2012, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Any amounts waived will not be reimbursed by the Fund. Under this agreement, net fund expenses (excluding acquired fund fees and expenses, if any), will not exceed 1.18% for Variable Portfolio - AllianceBernstein International Value Fund (Class 2), 0.95% for Variable Portfolio - American Century Growth Fund (Class 2), 1.26% for Variable Portfolio - Columbia Wanger International Equities Fund (Class 2), 1.22% for Variable Portfolio - Columbia Wanger U.S. Equities Fund (Class 2), 1.025% for Variable Portfolio - Davis New York Venture Fund (Class 2), 0.98% for Variable Portfolio - Eaton Vance Floating-Rate Income Fund (Class 2), 1.20% for Variable Portfolio - Invesco International Growth Fund (Class 2), 1.08% for Variable Portfolio - Jennison Mid Cap Growth Fund (Class 2), 0.97% for Variable Portfolio - Marsico Growth Fund (Class 2), 0.97% for Variable Portfolio - MFS Value Fund (Class 2), 1.14% for Variable Portfolio - Morgan Stanley Global Real Estate Fund (Class 2), 1.01% for Variable Portfolio - NFJ Dividend Value Fund (Class 2), 0.99% for Variable Portfolio - Nuveen Winslow Large Cap Growth Fund (Class 2), 1.31% for Variable Portfolio - Partners Small Cap Growth Fund (Class 2), 1.265% for Variable Portfolio - Partners Small Cap Value Fund (Class 2), 0.81% for Variable Portfolio - PIMCO Mortgage-Backed Securities Fund (Class 2), 1.20% for Variable Portfolio - Pyramis(R) International Equity Fund (Class 2) and 0.83% for Variable Portfolio - Wells Fargo Short Duration Government Fund (Class 2). -------------------------------------------------------------------------------- 12 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS (12) Expenses have been adjusted from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses. Funds Management has committed through July 18, 2013 to waive fees and/or reimburse expenses to the extent necessary to ensure that the Fund's total annual fund operating expenses after fee waiver, excluding brokerage commissions, interest, taxes, extraordinary expenses, and the expenses of any money market fund or other fund held by the Fund, do not exceed 1.00% for Wells Fargo Advantage VT Core Equity Fund - Class 2 and 1.20% for Wells Fargo Advantage VT Small Cap Growth Fund - Class 2. (13) Expenses have been adjusted from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses. Funds Management has committed through April 30, 2012 to waive fees and/or reimburse expenses to the extent necessary to ensure that the Fund's total annual fund operating expenses after fee waiver, excluding brokerage commissions, interest, taxes, extraordinary expenses, and the expenses of any money market fund or other fund held by the Fund, do not exceed 1.07%. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 13 EXAMPLES THESE EXAMPLES ARE INTENDED TO HELP YOU COMPARE THE COST OF INVESTING IN THESE CONTRACTS WITH THE COST OF INVESTING IN OTHER VARIABLE ANNUITY CONTRACTS. THESE COSTS INCLUDE YOUR TRANSACTION EXPENSES, CONTRACT ADMINISTRATIVE CHARGES, VARIABLE ACCOUNT ANNUAL EXPENSES AND FUND FEES AND EXPENSES. THESE EXAMPLES ASSUME THAT YOU INVEST $10,000 IN THE CONTRACT FOR THE TIME PERIODS INDICATED. THESE EXAMPLES ALSO ASSUME THAT YOUR INVESTMENT HAS A 5% RETURN EACH YEAR. MAXIMUM EXPENSES. These examples assume the most expensive combination of contract features and benefits and the maximum fees and expenses of any of the funds. They assume that you select the optional ROPP and Accumulation Protector Benefit or one of the SecureSource Stages NY riders(1),(3). Although your actual costs may be lower, based on these assumptions your costs would be:
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA 5 ADVANTAGE With a ten-year surrender charge schedule $1,236 $2,265 $3,112 $5,214 $516 $1,545 $2,571 $5,124 RAVA 5 ADVANTAGE With a seven-year surrender charge schedule 1,156 2,204 3,067 5,203 526 1,574 2,617 5,203 RAVA 5 SELECT 1,181 2,096 2,730 5,411 551 1,645 2,730 5,411 RAVA 5 ACCESS 566 1,688 2,799 5,535 566 1,688 2,799 5,535
MINIMUM EXPENSES. These examples assume the least expensive combination of contract features and benefits and the minimum fees and expenses of any of the funds. They assume that you have the Standard Death Benefit and do not select any optional benefits(2). Although your actual costs may be higher, based on these assumptions your costs would be:
IF YOU DO NOT SURRENDER YOUR CONTRACT IF YOU SURRENDER YOUR CONTRACT OR IF YOU SELECT AN ANNUITY PAYOUT PLAN AT THE END OF THE APPLICABLE TIME PERIOD: AT THE END OF THE APPLICABLE TIME PERIOD: 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS RAVA 5 ADVANTAGE With a ten-year surrender charge schedule $912 $1,307 $1,473 $1,978 $165 $510 $ 873 $1,878 RAVA 5 ADVANTAGE With a seven-year surrender charge schedule 828 1,237 1,427 1,989 176 541 927 1,989 RAVA 5 SELECT 852 1,112 1,059 2,263 201 619 1,059 2,263 RAVA 5 ACCESS 217 666 1,137 2,424 217 666 1,137 2,424
(1) In these examples, the contract administrative charge is $50. (2) In these examples, the contract administrative charge is $30. (3) Because these examples are intended to illustrate the most expensive combination of contract features, the maximum annual fee for each optional benefit is reflected rather than the fee that is currently being charged. THE EXAMPLES ARE ILLUSTRATIVE ONLY. YOU SHOULD NOT CONSIDER THESE EXAMPLES AS A REPRESENTATION OF PAST OR FUTURE EXPENSES. ACTUAL EXPENSES WILL BE HIGHER OR LOWER THAN THOSE SHOWN DEPENDING UPON WHICH OPTIONAL BENEFIT YOU ELECT OTHER THAN INDICATED IN THE EXAMPLES OR IF YOU ALLOCATE CONTRACT VALUE TO ANY OTHER AVAILABLE SUBACCOUNTS. -------------------------------------------------------------------------------- 14 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS CONDENSED FINANCIAL INFORMATION You can find unaudited condensed financial information for the subaccounts in Appendix F. FINANCIAL STATEMENTS You can find our audited financial statements and the audited financial statements of the divisions, which are comprised of subaccounts in the SAI. The SAI does not include audited financial statements for divisions that are new and have no activity as of the financial statement date. THE VARIABLE ACCOUNT AND THE FUNDS THE VARIABLE ACCOUNT: The variable account was established under New York law on April 17, 1996, and the subaccounts are registered together as a single unit investment trust under the Investment Company Act of 1940 (the 1940 Act). This registration does not involve any supervision of our management or investment practices and policies by the SEC. All obligations arising under the contracts are general obligations of RiverSource Life of NY. The variable account meets the definition of a separate account under federal securities laws. We credit or charge income, capital gains and capital losses of each subaccount only to that subaccount. State insurance law prohibits us from charging a subaccount with liabilities of any other subaccount or of our general business. The variable account includes other subaccounts that are available under contracts that are not described in this prospectus. Although the Internal Revenue Service (IRS) has issued some guidance on investor control, the U.S. Treasury and the IRS may continue to examine this aspect of variable contracts and provide additional guidance on investor control. At this time, we do not know what the additional guidance will be or when action will be taken. We reserve the right to modify the contract, as necessary, so that the owner will not be subject to current taxation as the owner of the subaccount assets. We intend to comply with all federal tax laws so that the contract continues to qualify as an annuity for federal income tax purposes. We reserve the right to modify the contract as necessary to comply with any new tax laws. THE FUNDS: The contracts currently offer subaccounts investing in shares of the funds. For a list of underlying funds with a summary of investment objectives, investment advisers and subadvisers, please see Appendix A. - INVESTMENT OBJECTIVES: The investment managers and advisers cannot guarantee that the funds will meet their investment objectives. Please read the funds' prospectuses for facts you should know before investing. These prospectuses are available by contacting us at the address or telephone number on the first page of this prospectus. - FUND NAME AND MANAGEMENT: 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. - ELIGIBLE PURCHASERS: All funds are available to serve as the underlying investments for variable annuities and variable life insurance policies. The funds are not available to the public (see "Fund name and management" above). Some funds also are available to serve as investment options for tax-deferred retirement plans. It is possible that in the future for tax, regulatory or other reasons, it may be disadvantageous for variable annuity accounts and variable life insurance accounts and/or tax-deferred retirement plans to invest in the available funds simultaneously. Although we and the funds do not currently foresee any such disadvantages, the boards of directors or trustees of each fund will monitor events in order to identify any material conflicts between annuity owners, policy owners and tax-deferred retirement plans and to determine what action, if any, should be taken in response to a conflict. If a board were to conclude that it should establish separate funds for the variable annuity, variable life insurance and tax-deferred retirement plan accounts, you would not bear any expenses associated with establishing separate funds. Please refer to the funds' prospectuses for risk disclosure regarding simultaneous investments by variable annuity, variable life insurance and tax-deferred retirement plan accounts. Each fund intends to comply with the diversification requirements under Section 817(h) of the Code. - ASSET ALLOCATION PROGRAMS MAY IMPACT FUND PERFORMANCE: Asset allocation programs in general may negatively impact the performance of an underlying fund. Even if you do not participate in an asset allocation program, a fund in which your subaccount invests may be impacted if it is included in an asset allocation program. Rebalancing or reallocation under the terms of the asset allocation program may cause a fund to lose money if it must sell large amounts of securities to meet a redemption request. These losses can be greater if the fund holds securities that are not as liquid as others; for example, various types of bonds, shares of smaller companies and securities of foreign issuers. A fund may also experience higher expenses because it must sell or buy securities more frequently than it otherwise might in the absence of asset allocation -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 15 program rebalancing or reallocations. Because asset allocation programs include periodic rebalancing and may also include reallocation, these effects may occur under the asset allocation program we offer (see "Making the Most of Your Contract -- Portfolio Navigator Program") or under asset allocation programs used in conjunction with the contracts and plans of other eligible purchasers of the funds. - FUNDS AVAILABLE UNDER THE CONTRACT: We seek to provide a broad array of underlying funds taking into account the fees and charges imposed by each fund and the contract charges we impose. We select the underlying funds in which the subaccounts initially invest and when there is substitution (see "Substitution of Investments"). We also make all decisions regarding which funds to retain in a contract, which funds to add to a contract and which funds will no longer be offered in a contract. In making these decisions, we may consider various objective and subjective factors. Objective factors include, but are not limited to fund performance, fund expenses, classes of fund shares available, size of the fund and investment objectives and investing style of the fund. Subjective factors include, but are not limited to, investment sub-styles and process, management skill and history at other funds and portfolio concentration and sector weightings. We also consider the levels and types of revenue including but not limited to expense payments and non-cash compensation a fund, its distributor, investment adviser, subadviser, transfer agent or their affiliates pay us and our affiliates. This revenue includes, but is not limited to compensation for administrative services provided with respect to the fund and support of marketing and distribution expenses incurred with respect to the fund. - REVENUE WE RECEIVE FROM THE FUNDS MAY CREATE POTENTIAL CONFLICTS OF INTEREST: We or our affiliates receive from each of the funds, or the funds' affiliates, varying levels and types of revenue including but not limited to expense payments and non-cash compensation. The amount of this revenue and how it is computed varies by fund, may be significant and may create potential conflicts of interest. The greatest amount and percentage of revenue we and our affiliates receive comes from assets allocated to subaccounts investing in the funds that are managed by our affiliates Columbia Management Investment Advisers, LLC (Columbia Management Investment Advisers) or Columbia Wanger Asset Management, LLC (Columbia Wanger Asset Management) (affiliated funds). Employee compensation and operating goals at all levels are tied to the success of Ameriprise Financial, Inc. and its affiliates, including us. Certain employees may receive higher compensation and other benefits based, in part, on contract values that are invested in the affiliated funds. We or our affiliates receive revenue which ranges up to 0.64% of the average daily net assets invested in the underlying funds through this and other contracts we and our affiliate issue. We or our affiliates may also receive revenue which ranges up to 0.04% of aggregate, net or anticipated sales of underlying funds through this and other contracts we and our affiliate issue. Please see the SAI for a table that ranks the underlying funds according to total dollar amounts they and their affiliates paid us or our affiliates in the prior calendar year. Expense payments, non-cash compensation and other forms of revenue may influence recommendations your investment professional makes regarding whether you should invest in one of these contracts and whether you should allocate purchase payments or contract value to a subaccount that invests in a particular fund (see "About the Service Providers"). The revenue we or our affiliates receive from a fund or its affiliates is in addition to revenue we receive from the charges you pay when buying, owning and surrendering the contract (see "Expense Summary"). However, the revenue we or our affiliates receive from a fund or its affiliates may come, at least in part, from the fund's fees and expenses you pay indirectly when you allocate contract value to the subaccount that invests in that fund. - WHY REVENUES ARE PAID TO US: In accordance with applicable laws, regulations and the terms of the agreements under which such revenue is paid, we or our affiliates may receive these revenues including but not limited to expense payments and non-cash compensation for various purposes: - Compensating, training and educating financial advisors who sell the contracts. - Granting access to our employees whose job it is to promote sales of the contracts by authorized selling firms and their financial advisors, and granting access to financial advisors of our affiliated selling firms. - Activities or services we or our affiliates provide that assist in the promotion and distribution of the contracts including promoting the funds available under the contracts to prospective and existing contract owners, authorized selling firms and financial advisors. - Providing sub-transfer agency and shareholder servicing to contract owners. - Promoting, including and/or retaining the fund's investment portfolios as underlying investment options in the contracts. - Advertising, printing and mailing sales literature, and printing and distributing prospectuses and reports. - Furnishing personal services to contract owners, including education of contract owners, answering routine inquiries regarding a fund, maintaining accounts or providing such other services eligible for service fees as defined under the rules of the Financial Industry Regulatory Authority (FINRA). - Subaccounting, transaction processing, recordkeeping and administration. -------------------------------------------------------------------------------- 16 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS - SOURCES OF REVENUE RECEIVED FROM AFFILIATED FUNDS: The affiliated funds are managed by Columbia Management Investment Advisers or Columbia Wanger Asset Management. The sources of revenue we receive from these affiliated funds, or from affiliates of these funds, may include, but are not necessarily limited to, the following: - Assets of the fund's adviser and transfer agent or an affiliate. The revenue resulting from these sources may be based either on a percentage of average daily net assets of the fund or on the actual cost of certain services we provide with respect to the fund. We may receive this revenue either in the form of a cash payment or it may be allocated to us. - Compensation paid out of 12b-1 fees that are deducted from fund assets and disclosed in the "12b-1 fees" column of the "Annual Operating Expenses of the Funds" table. - SOURCES OF REVENUE RECEIVED FROM UNAFFILIATED FUNDS: The unaffiliated funds are not managed by an affiliate of ours. The sources of revenue we receive from these unaffiliated funds, or the funds' affiliates, may include, but are not necessarily limited to, the following: - Assets of the fund's adviser, subadviser, transfer agent or an affiliate of these and assets of the fund's distributor or an affiliate. The revenue resulting from these sources usually is based on a percentage of average daily net assets of the fund but there may be other types of payment arrangements. - Compensation paid out of 12b-1 fees that are deducted from fund assets and disclosed in the "12b-1 fees" column of the "Annual Operating Expenses of the Funds" table. THE FIXED ACCOUNT Amounts allocated to the fixed account become part of our general account. The fixed account includes the regular fixed account and the Special DCA fixed account. We credit interest on amounts you allocate to the fixed account at rates we determine from time to time in our discretion. These rates will be based on various factors including, but not limited to, the interest rate environment, returns we earn on our general account investments, the rates currently in effect for new and existing RiverSource Life of NY annuities, product design, competition, and RiverSource Life of NY's revenues and expenses. The guaranteed minimum interest rate on amounts invested in the fixed account will not be lower than state law allows. We back the principal and interest guarantees relating to the fixed account. These guarantees are based on the continued claims-paying ability of RiverSource Life of NY. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of insurance and financial products as well, and we also pay our obligations under these products from assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. The fixed account is not required to be registered with the SEC. The SEC staff does not review the disclosures in this prospectus on the fixed account, however, disclosures regarding the fixed account may be subject to certain generally applicable provisions of the federal securities laws relating to the accuracy and completeness of statements made in prospectuses. THE REGULAR FIXED ACCOUNT For RAVA 5 Advantage and RAVA 5 Select, unless the PN program is in effect, you also may allocate purchase payments or transfer contract value to the regular fixed account. For RAVA 5 Access contracts, the regular fixed account is not available. The value of the regular fixed account increases as we credit interest to the account. We credit and compound interest daily based on a 365- day year (366 in a leap year) so as to produce the annual effective rate which we declare. The interest rate we apply to each purchase payment or transfer to the regular fixed account is guaranteed for one year. Thereafter, we will change the rates from time to time at our discretion, but your interest rate for each purchase payment or transfer will never change more frequently than annually. There are restrictions on transfers from this account and may be restrictions on the amount you can allocate to this account. (See "Making the Most of Your Contract -- Transfer policies".) THE SPECIAL DCA FIXED ACCOUNT You may allocate purchase payments to the Special DCA fixed account. You may not transfer contract value to the Special DCA fixed account. You may allocate your entire initial purchase payment to the Special DCA fixed account for a term of six or twelve months. We reserve the right to offer shorter or longer terms for the Special DCA fixed account. In accordance with your investment instructions, we transfer a pro rata amount from the Special DCA fixed account to the subaccounts or PN program investment option you select monthly so that, at the end of the Special DCA fixed account term, -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 17 the balance of the Special DCA fixed account is zero. The first Special DCA monthly transfer occurs one day after we receive your payment. You may not use the regular fixed account as a destination for the Special DCA monthly transfer. The value of the Special DCA fixed account increases when we credit interest to the Special DCA fixed account, and decreases when we make monthly transfers from the Special DCA fixed account. When you allocate a purchase payment to the Special DCA fixed account, the interest rates applicable to that purchase payment will be the rates in effect for the Special DCA fixed account term you choose on the date we receive your purchase payment. The applicable interest rate is guaranteed for the length of the term for the Special DCA fixed account term you choose. We credit and compound interest daily based on a 365-day year (366 in a leap year) so as to produce the annual effective rate which we declare. We credit interest only on the declining balance of the Special DCA fixed account; we do not credit interest on amounts that have been transferred from the Special DCA fixed account. As a result, the net effective interest rates we credit will be less than the declared annual effective rates. Generally, we will credit the Special DCA fixed account with interest at the same annual effective rate we apply to the regular fixed account on the date we receive your purchase payment, regardless of the length of the term you select. From time to time, we may credit interest to the Special DCA fixed account at promotional rates that are higher than those we credit to the regular fixed account. We reserve the right to declare different annual effective rates: - for the Special DCA fixed account and the regular fixed account; and - for the Special DCA fixed accounts with terms of differing length. Alternatively, you may allocate your initial purchase payment to any combination of the following which equals one hundred percent of the amount you invest: - the Special DCA fixed account for a six month term; - the Special DCA fixed account for a twelve month term; - the PN program investment option in effect; - if no PN program investment option is in effect, to the regular fixed account, if available, and/or the subaccounts, subject to investment minimums and other restrictions we may impose on investments in the regular fixed account. Once you establish a Special DCA fixed account, you cannot allocate additional purchase payments to it. However, you may establish another Special DCA fixed account and allocate new purchase payments to it. If you participate in the PN program, and you change to a different PN program investment option while a Special DCA fixed account term is in progress, we will allocate transfers from the Special DCA fixed account to your newly-elected PN program investment option. If your contract permits, and you discontinue your participation in the PN program while a Special DCA fixed account term is in progress, we will allocate transfers from your Special DCA fixed account for the remainder of the term to the subaccounts in accordance with your current Special DCA fixed account allocation instructions. If your current Special DCA fixed account allocation instructions include a fund to which allocations are restricted and you do not provide new instructions, we will transfer prorated amounts to the valid portion of your allocation instruction. You may discontinue any Special DCA fixed account before the end of its term by giving us notice. If you do so, we will transfer the remaining balance of the Special DCA fixed account to the PN program investment option in effect, or if no PN program investment option is in effect, in accordance with your investment instructions to us to the regular fixed account, if available, and/or the subaccounts, subject to investment minimums and other restrictions we may impose on investments in the regular fixed account, including but not limited to, any limitations described in this prospectus on transfers (see "Transfer policies"). Dollar-cost averaging from the Special DCA fixed account does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. For a discussion of how dollar-cost averaging works, see "Making the Most of your Contract -- Automated Dollar-Cost Averaging." BUYING YOUR CONTRACT You can fill out an application and send it along with your initial purchase payment to our corporate office. You may buy RAVA 5 Advantage, RAVA 5 Select or RAVA 5 Access. Each contract has different mortality and expense risk fees. RAVA 5 Access does not have surrender charges, but it has the highest mortality and expense risk fees of the three contracts. RAVA 5 Select has a four-year surrender charge schedule and lower mortality and expense risk fees then RAVA 5 Access. RAVA 5 Advantage offers a choice of a seven-year or ten-year surrender charge schedule and the lowest mortality and expense risk fees of the three contracts. We are required by law to obtain personal information from you which we will use to verify your identity. If you do not provide this information we reserve the right to refuse to issue your contract or take other steps we deem reasonable. As the owner, you have all rights and may receive all benefits under the contract. You may buy a qualified -------------------------------------------------------------------------------- 18 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS or nonqualified annuity. Generally, you can own a nonqualified annuity in joint tenancy with rights of survivorship only in spousal situations. You cannot own a qualified annuity in joint tenancy. You can buy a contract if you are 90 or younger. When you apply, you may select among the following: - the regular fixed account(1), subaccounts, the special DCA fixed account and/or the optional PN program in which you want to invest; - how you want to make purchase payments; - a beneficiary; - under RAVA 5 Advantage, the length of the surrender charge period (seven or ten years); - one of the following optional death benefit riders: - ROPP Death Benefit; - MAV Death Benefit; or - 5-Year MAV Death Benefit; and - one of the following optional living benefit riders that require the use of the PN program: - Accumulation Protector Benefit; or - SecureSource Stages NY. (1) For RAVA 5 Access contracts, the regular fixed account is not available. The contracts provide for allocation of purchase payments to the subaccounts of the variable account, to the regular fixed account (if available) and/or to the Special DCA fixed account. We currently allow you to allocate the total amount of purchase payment to the regular fixed account for RAVA 5 Advantage and RAVA 5 Select. We reserve the right to limit purchase payment allocations to the regular fixed account with 30 days written notice, if the interest rate we are then currently crediting to the regular fixed account is equal to the minimum interest rate stated in the contract. You cannot allocate purchase payments to the fixed account for six months following a partial surrender from the fixed account, a lump sum transfer from the regular fixed account, or termination of automated transfers from the Special DCA fixed account prior to the end of the Special DCA fixed account term. For RAVA 5 Access contracts, the regular fixed account is not available. (See "Purchase Payments.") If your application is complete, we will process it and apply your purchase payment to your investment selections within two business days after we receive it at our corporate office. If we accept your application, we will send you a contract. If your application is not complete, you must give us the information to complete it within five business days. If we cannot accept your application within five business days, we will decline it and return your payment unless you specifically ask us to keep the payment and apply it once your application is complete. We will credit additional purchase payments you make to your accounts on the valuation date we receive them. If we receive an additional purchase payment at our corporate office before the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the valuation date we received the payment. If we receive an additional purchase payment at our corporate office at or after the close of business, we will credit any portion of that payment allocated to the subaccounts using the accumulation unit value we calculate on the next valuation date after we received the payment. You may make regular payments to your contract under a scheduled payment plan. You must make an initial purchase payment of $1,000, $2,000 or $10,000 depending on the product and tax qualification (see "Buying Your Contract -- Purchase Payments"). Then, to begin the scheduled payment plan, you will complete and send a form and your first scheduled payment plan payment along with your application. There is no charge for the scheduled payment plan. You can stop your scheduled payment plan payments at any time. THE ANNUITIZATION START DATE Annuity payouts begin on the annuitization start date. This means that the contract will be annuitized or converted to a stream of monthly payments. If your contract is annuitized, the contract goes into payout and only the annuity payout provisions continue. Unless annuity payout Plan E is selected, you will no longer have access to your contract value. This means that the death benefit and any optional benefits you have elected will end. When we process your application, we will establish the annuitization start date to be the maximum age (or contract anniversary if applicable). You also can change the annuitization start date, provided you send us written instructions at least 30 days before annuity payouts begin. The annuitization start date must be: - no earlier than 13 months after the contract's effective date; and no later than - the owner's 95th birthday or the tenth contract anniversary, if later, - or such other date as agreed to by us. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 19 Six months prior to your annuitization date, we will contact you with your options including the option to postpone your annuitization start date to a future date. You can also choose to delay the annuitization of your contract beyond age 95 indefinitely, to the extent allowed by applicable tax laws. If you do not make an election, annuity payouts using the contract's default option of annuity payout Plan B -- Life with 10 years certain will begin on the annuitization start date and your monthly annuity payments will continue for as long as the annuitant lives. If the annuitant does not survive 10 years, beneficiaries will continue to receive payments until 10 years of payments have been made. If you own a qualified annuity (for example, an IRA) and tax laws require that you take distributions from your annuity prior to your new annuitization start date, your contract will not be automatically annuitized. However, if you choose, you can elect to request annuitization or take surrenders to meet your required minimum distributions. Please see "SecureSource Stages NY -- Other Provisions" section regarding options under this rider at the annuitization start date. BENEFICIARY We will pay to your named beneficiary the death benefit if it becomes payable while the contract is in force and before the annuitization start date. If there is more than one beneficiary we will pay each beneficiary's designated share when we receive their completed claim. A beneficiary will bear the investment risk of the variable account until we receive the beneficiary's completed claim. If there is no named beneficiary, then the default provisions of your contract will apply. (See "Benefits in Case of Death" for more about beneficiaries.) If you select the SecureSource Stages NY - Joint Life rider, please consider carefully whether or not you wish to change the beneficiary of your annuity contract. The rider will terminate if the surviving covered spouse can not utilize the spousal continuation provision of the contract when the death benefit is payable. PURCHASE PAYMENTS If we do not receive your initial purchase payment within 180 days from the application signed date, we will consider your contract void from the start. MINIMUM INITIAL PURCHASE PAYMENTS
RAVA 5 RAVA 5 RAVA 5 ADVANTAGE SELECT ACCESS --------- ------- ------- QUALIFIED ANNUITIES.............................................. $1,000 $ 2,000 $ 2,000 NONQUALIFIED ANNUITIES........................................... $2,000 $10,000 $10,000
MINIMUM ADDITIONAL PURCHASE PAYMENTS $50
MAXIMUM TOTAL PURCHASE PAYMENTS* (without corporate office approval) based on your age on the effective date of the payment: For the first year and total: through age 85............................................................. $1,000,000 for ages 86 to 90.......................................................... $ 100,000 age 91 or older............................................................ $ 0 For each subsequent year: through age 85............................................................. $ 100,000 for ages 86 to 90.......................................................... $ 50,000 age 91 or older............................................................ $ 0
* These limits apply in total to all RiverSource Life of NY annuities you own unless a higher amount applies to your contract. For qualified annuities the Code's limits on annual contributions also apply. Additional purchase payments for inherited IRA contracts cannot be made unless the payment is IRA money inherited from the same decedent. Additional purchase payment restrictions for contracts with the Accumulation Protector Benefit rider Additional purchase payments for contracts with the Accumulation Protector Benefit rider are not allowed during the waiting period except for the first 180 days (1) immediately following the effective date and (2) following the last contract anniversary for each elective step up. -------------------------------------------------------------------------------- 20 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS Additional purchase payment restrictions for the SecureSource Stages NY The riders do prohibit additional purchase payments while the rider is effective, if (1) you decline a rider fee increase, or (2) the Annual Lifetime Payment (ALP) is established and your contract value on an anniversary is less than four times the ALP. The riders prohibit additional purchase payments unless: (1) the payment is received at time of application or within 90 days thereafter, or (2) for qualified annuities where additional purchase payments are allowed in any contract year up to the maximum permissible annual contribution described by the Code, until total additional purchase payments are $100,000. These purchase payment restrictions are currently being waived until further notice. HOW TO MAKE PURCHASE PAYMENTS 1 BY LETTER Send your check along with your name and contract number to: Regular mail: RIVERSOURCE LIFE INSURANCE CO. OF NEW YORK P.O. BOX 5144 ALBANY, NY 12205 Express mail: RIVERSOURCE LIFE INSURANCE CO. OF NEW YORK 20 MADISON AVENUE EXTENSION ALBANY, NY 12203 For subsequent purchase payments, send your check along with your name and contract number to: RIVERSOURCE LIFE INSURANCE CO. OF NEW YORK 70200 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS, MN 55474 2 BY SCHEDULED PAYMENT PLAN We can help you set up a bank authorization. LIMITATIONS ON USE OF CONTRACTS If mandated by applicable law, including but not limited to, federal anti-money laundering laws, we may be required to reject a purchase payment. We may also be required to block an owner's access to contract values and satisfy other statutory obligations. Under these circumstances, we may refuse to implement requests for transfers, surrenders or death benefits until instructions are received from the appropriate governmental authority or court of competent jurisdiction. CHARGES CONTRACT ADMINISTRATIVE CHARGE We charge this fee for establishing and maintaining your records. Currently, we deduct $30 from your contract value on your contract anniversary or, if earlier, when the contract is fully surrendered. We prorate this charge among the subaccounts and the fixed account in the same proportion your interest in each account bears to your total contract value. We reserve the right to increase this charge after the first contract anniversary to a maximum of $50. We will waive this charge when your contract value is $50,000 or more on the current contract anniversary. We reserve the right to charge up to $20 after the first contract anniversary for contracts with contract value of $50,000 or more. If you take a full surrender of your contract, we will deduct the charge at the time of surrender regardless of the contract value. This charge does not apply to amounts applied to an annuity payment plan or to the death benefit. MORTALITY AND EXPENSE RISK FEE We charge this fee daily to the subaccounts. The unit values of your subaccounts reflect this fee. These fees cover the mortality and expense risk that we assume. These fees do not apply to the fixed account. We cannot increase these fees. The mortality and expense risk fee you pay is based on the product you choose, the death benefit guarantee in effect and the surrender charge schedule that applies to your contract. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 21 RAVA 5 ADVANTAGE WITH TEN-YEAR SURRENDER CHARGE SCHEDULE
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 0.85% ROPP Death Benefit(1) 1.20 MAV Death Benefit 1.10 5-year MAV Death Benefit 0.95
RAVA 5 ADVANTAGE WITH SEVEN-YEAR SURRENDER CHARGE
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 0.95% ROPP Death Benefit(1) 1.30 MAV Death Benefit 1.20 5-year MAV Death Benefit 1.05
RAVA 5 SELECT
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 1.20% ROPP Death Benefit(1) 1.55 MAV Death Benefit 1.45 5-year MAV Death Benefit 1.30
RAVA 5 ACCESS
MORTALITY AND EXPENSE RISK FEE Standard Death Benefit 1.35% ROPP Death Benefit(1) 1.70 MAV Death Benefit 1.60 5-year MAV Death Benefit 1.45
(1) Only available for purchase as an optional rider for ages 80 or older on the rider effective date. Mortality risk arises because of our guarantee to pay a death benefit and our guarantee to make annuity payouts according to the terms of the contract, no matter how long a specific owner or annuitant lives and no matter how long our entire group of owners or annuitants live. If, as a group, owners or annuitants outlive the life expectancy we assumed in our actuarial tables, we must take money from our general assets to meet our obligations. If, as a group, owners or annuitants do not live as long as expected, we could profit from the mortality risk fee. We deduct the mortality risk fee from the subaccounts during the annuity payout period even if the annuity payout plan does not involve a life contingency. Expense risk arises because we cannot increase the contract administrative charge more than $20 per contract and this charge may not cover our expenses. We would have to make up any deficit from our general assets. We could profit from the expense risk fee if future expenses are less than expected. The subaccounts pay us the mortality and expense risk fee they accrued as follows: - first, to the extent possible, the subaccounts pay this fee from any dividends distributed from the funds in which they invest; - then, if necessary, the funds redeem shares to cover any remaining fees payable. We may use any profits we realize from the subaccounts' payment to us of the mortality and expense risk fee for any proper corporate purpose, including, among others, payment of distribution (selling) expenses. We do not expect that the surrender charge for RAVA 5 Advantage or RAVA 5 Select, discussed in the following paragraphs, will cover sales and distribution expenses. SURRENDER CHARGE If you surrender all or part of your contract before the annuitization start date, we may deduct a surrender charge. For RAVA 5 Advantage, a surrender charge applies if all or part of the surrender amount is from purchase payments we received within -------------------------------------------------------------------------------- 22 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS seven or ten years before surrender. You select the surrender charge period at the time of your application for the contract. For RAVA 5 Select, a surrender charge applies if you surrender all or part of your contract value in the first four contract years. There is no surrender charge for RAVA 5 Access. The surrender charge percentages that apply to you are shown in your contract. If you are buying a new contract as an inherited IRA, please consider carefully your surrender charge selection. Surrender charges for an inherited IRA are only waived for life time RMD amounts, not for a 5 year distribution. You may surrender an amount during any contract year without a surrender charge. We call this amount the total free amount (FA). The FA varies depending on whether your contract includes the SecureSource Stages NY rider: CONTRACT WITHOUT SECURESOURCE STAGES NY RIDER The FA is the greater of: - 10% of the contract value on the prior contract anniversary less any prior surrenders taken in the current contract year; or - current contract earnings. During the first contract year, the FA is the greater of: - 10% of all purchase payments applied prior to your surrender request, less any amounts surrendered prior to your surrender request that represent the FA; or - current contract earnings. CONTRACT WITH SECURESOURCE STAGES NY RIDER The FA is the greatest of: - 10% of the contract value on the prior contract anniversary less any prior surrenders taken in the current contract year; - current contract earnings; or - the Remaining Annual Lifetime Payment. During the first contract year, the FA is the greatest of: - 10% of all purchase payments applied prior to your surrender request, less any amounts surrendered prior to your surrender request that represent the FA; - current contract earnings; or - the Remaining Annual Lifetime Payment. Amounts surrendered in excess of the FA may be subject to a surrender charge as described below. SURRENDER CHARGE UNDER RAVA 5 ADVANTAGE: A surrender charge will apply if the amount you surrender includes any of your prior purchase payments that are still within their surrender charge schedule. To determine whether your surrender includes any of your prior purchase payments that are still within their surrender charge schedule, we surrender amounts from your contract in the following order: 1. First, we surrender the FA. Contract earnings are surrendered first, followed by purchase payments. We do not assess a surrender charge on the FA. We surrender payments that are considered part of the FA on a first-in, first- out (FIFO) basis. 2. Next, we surrender purchase payments received that are beyond the surrender charge period shown in your contract. We surrender these payments on a FIFO basis. We do not assess a surrender charge on these payments. 3. Finally, we surrender any additional purchase payments received that are still within the surrender charge period shown in your contract. We surrender these payments on a FIFO basis. We do assess a surrender charge on these payments. The amount of purchase payments surrendered is calculated using a prorated formula based on the percentage of contract value being surrendered. As a result, the amount of purchase payments surrendered may be greater than the amount of contract value surrendered. We determine your surrender charge by multiplying each of your payments surrendered which could be subject to a surrender charge by the applicable surrender charge percentage (see "Expense Summary"), and then adding the total surrender charges. SURRENDER CHARGE UNDER RAVA 5 SELECT: A surrender charge will apply if you surrender some or all of your contract value during the first four contract years. The surrender charge amount is determined by multiplying purchase payments surrendered which could be subject to a surrender charge by the applicable surrender charge percentage. 1. First we surrender the FA. Contract earnings are surrendered first, followed by purchase payments. We do not assess a surrender charge on the FA. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 23 2. Next, if necessary, we surrender purchase payments. We do assess a surrender charge on these payments during the first four contract years. The amount of purchase payments surrendered is calculated using a prorated formula based on the percentage of contract value being surrendered. As a result, the amount of purchase payments surrendered may be greater than the amount of contract value surrendered. SURRENDER CHARGE UNDER RAVA 5 ACCESS: There is no surrender charge if you surrender all or part of your contract. PARTIAL SURRENDERS: For a partial surrender, we will determine the amount of contract value that needs to be surrendered, which after any surrender charge will equal the amount you request. For an example, see Appendix B. WAIVER OF SURRENDER CHARGES We do not assess surrender charges for: - surrenders each year that represent the total free amount for that year; - required minimum distributions from a qualified annuity to the extent that they exceed the free amount. The amount on which surrender charges are waived can be no greater than the RMD amount calculated under your specific contract currently in force. Surrender charges for an inherited IRA are only waived for life time RMD amounts, not for a 5 year distribution; - amounts applied to an annuity payment plan (EXCEPTION: As described below, if you select annuity payout Plan E, and choose later to surrender the value of your remaining annuity payments, we will assess a surrender charge.) - surrenders made as a result of one of the "Contingent events" described below to the extent permitted by state law (see your contract for additional conditions and restrictions). Waiver of surrender charges for Contingent events will not apply to Tax Free Exchanges, rollovers and transfers to another annuity contract; - amounts we refund to you during the free look period; and - death benefits. CONTINGENT EVENTS - Surrenders you make if you are confined to a hospital or nursing home and have been for the prior 60 days or confinement began within 30 days following a 60 day confinement period. Such confinement must begin after the contract issue date. Your contract will include this provision when you are under age 76 at contract issue. You must provide us with a letter containing proof satisfactory to us of the confinement as of the date you request the surrender. We must receive your surrender request no later than 91 days after your release from the hospital or nursing home. The amount surrendered must be paid directly to you. - Surrenders you make if you are disabled with a medical condition and are diagnosed in the second or later contract years with reasonable medical certainty that the disability will result in death within 12 months or less from the date of the diagnosis. You must provide us with a licensed physician's statement containing the terminal illness diagnosis, the expected date of death and the date the terminal illness was initially diagnosed. The amount surrendered must be paid directly to you SURRENDER CHARGE UNDER ANNUITY PAYOUT PLAN E -- PAYOUTS FOR A SPECIFIED PERIOD: If you are receiving variable annuity payments under this annuity payout plan, you can choose to take a surrender. The amount that you can surrender is the present value of any remaining variable payouts. The discount rate we use in the calculation will be 5.17% if the assumed investment return is 3.5% and 6.67% if the assumed investment return is 5%. The surrender charge equals the present value of the remaining payouts using the assumed investment return minus the present value of the remaining payouts using the discount rate. (See "Charges -- Surrender Charge" and "The Annuity Payout Period -- Annuity Payout Plans".) OTHER INFORMATION ON CHARGES: Ameriprise Financial, Inc. makes certain custodial services available to some profit sharing, money purchase and target benefit plans funded by our annuities. Fees for these services start at $30 per calendar year per participant. Ameriprise Financial, Inc. will charge a termination fee for owners under age 59 1/2 (fee waived in case of death or disability). POSSIBLE GROUP REDUCTIONS: In some cases we may incur lower sales and administrative expenses due to the size of the group, the average contribution and the use of group enrollment procedures. In such cases, we may be able to reduce or eliminate certain charges such as the contract administrative and surrender charges. However, we expect this to occur infrequently. -------------------------------------------------------------------------------- 24 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS OPTIONAL LIVING BENEFIT CHARGES SECURESOURCE STAGES NY RIDER CHARGE We deduct an annual charge for this optional feature only if you select it. If selected, we deduct an annual charge of 1.00 % for SecureSource Stages NY - Single Life rider or SecureSource Stages NY - Single Life rider. The charge is based on the greater of the benefit base (BB) or the anniversary contract value, but not more than the maximum BB of $10,000,000. We deduct the charge from your contract value on your contract anniversary. We prorate this charge among the variable subaccounts but not the fixed account in the same proportion as your interest in each bears to your total variable account contract value. Once you elect the SecureSource Stages NY rider, you may not cancel it (except as described below), and the charge will continue to be deducted until the contract or rider is terminated, or until the contract value reduces to zero. If the contract or rider is terminated for any reason, we will deduct the charge adjusted for the number of calendar days coverage was in place since we last deducted the charge. Currently the SecureSource Stages NY rider fee does not vary with the PN program investment options selected ; however, we reserve the right to vary the rider fee for each investment option. The SecureSource Stages NY - Single Life and SecureSource Stages NY - Joint Life rider fee will not exceed a maximum charge of 1.75%. The following describes how your annual rider fee may increase: 1. We may increase the annual rider fee at our discretion and on a nondiscriminatory basis. Your annual rider fee will increase if we declare an increase to the fee with written notice 30 days in advance except as described below. The new fee will be in effect on the date we declare in the written notice. (A) You can decline this increase and therefore all future fee increases if we receive your written request prior to the date of the fee increase, in which case you permanently relinquish: (i) all future annual step-ups, and for the Joint Life rider, spousal continuation step-ups, (ii) any ability to make additional purchase payments, (iii) any future rider credits, and the credit base (CB) will be permanently reset to zero, (iv) any increase to the lifetime payment percentage due to changing age bands on subsequent birthdays and rider anniversaries, and (v) the ability to change your investment option to one that is more aggressive than your current investment option. Any change to a less aggressive investment option will further limit the investment options available to the then current and less aggressive investment options. (B) You can terminate this rider if your annual rider fee after any increase is more than 0.25 percentage points higher that your fee before the increase and if we receive your written request to terminate the rider prior to the date of the fee increase. 2. Your annual rider fee may increase if you elect to change to a more aggressive PN program investment option than your current investment option and if the new investment option has a higher current annual rider fee. The annual rider fees associated with the available investment option may change at our discretion, however these changes will not apply to this rider unless you change your current investment option to a more aggressive one. The new fee will be in effect on the valuation date we receive your written request to change your investment option. You cannot decline this type of fee increase. To avoid it, you must stay in the same investment option or move to a less aggressive one. Also, this type of fee increase does not allow you to terminate the rider. If your rider fee increases, on the next contract anniversary, we will calculate an average rider fee, for the preceding contract year only, that reflects the various different fees that were in effect that year, adjusted for the number of calendar days each fee was in effect. The fee does not apply after the annuitization start date. ACCUMULATION PROTECTOR BENEFIT RIDER CHARGE We deduct an annual charge for this optional feature only if you select it. If selected, we deduct an annual charge of 1.50%(1) of the greater of your contract value or the minimum contract accumulation value on your contract anniversary. We prorate this fee among the variable subaccounts in the same proportion as your interest in each bears to your total variable account contract value. Once you elect the Accumulation Protector Benefit rider, you may not cancel it and the charge will continue to -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 25 be deducted through the end of the waiting period. If the contract or rider is terminated for any reason, we will deduct the charge, adjusted for the number of calendar days coverage was in place since we last deducted the charge. Currently, the Accumulation Protector Benefit rider fee does not vary with the PN program investment option selected; however, we reserve the right to vary the rider fee for each investment option. The Accumulation Protector Benefit rider fee will not exceed a maximum of 1.75%. We may increase the rider fee at our discretion and on a nondiscriminatory basis, independent of the fee in effect for new sales. We will not change the Accumulation Protector Benefit rider fee in effect on your contract after the rider effective date unless: (a) you choose the annual elective step up or elective spousal continuation step up after we have exercised our rights to increase the rider fee; or (b) you change your PN program investment option after we have exercised our rights to increase the rider fee or vary the rider fee for each investment option. If you choose the elective step up, the elective spousal continuation step up, or change your PN program investment option after we have exercised our rights to increase the rider fee as described above, you will pay the fee that is in effect on the valuation date we receive your written request to step up or change your investment option. On the next contract anniversary, we will calculate an average rider fee, for the preceding contract year only, that reflects the various different fees that were in effect that year, adjusted for the number of calendar days each fee was in effect. The fee does not apply after the benefit date or after the annuitization start date. (1) For contract applications signed prior to Oct. 4, 2010, the current fee is 1.25%. FUND FEES AND EXPENSES There are deductions from and expenses paid out of the assets of the funds that are described in the prospectuses for those funds. (See "Annual Operating Expenses of the Funds.") VALUING YOUR INVESTMENT We value your accounts as follows: THE FIXED ACCOUNT We value the amounts you allocate to the fixed account directly in dollars. The value of the fixed account equals: - the sum of your purchase payments allocated to the regular fixed account and Special DCA fixed account and transfer amounts to the regular fixed accounts; - plus interest credited; - minus the sum of amounts surrendered (including any applicable surrender charges) and amounts transferred out; and - minus any prorated portion of the contract administrative charge. SUBACCOUNTS We convert amounts you allocated to the subaccounts into accumulation units. Each time you make a purchase payment or transfer amounts into one of the subaccounts, we credit a certain number of accumulation units to your contract for that subaccount. Conversely, we subtract a certain number of accumulation units from your contract each time you take a partial surrender, transfer amounts out of a subaccount, or we assess a contract administrative charge, a surrender charge or fee for any optional riders with annual charges (if applicable). The accumulation units are the true measure of investment value in each subaccount during the accumulation period. They are related to, but not the same as, the net asset value of the fund in which the subaccount invests. The dollar value of each accumulation unit can rise or fall daily depending on the variable account expenses, performance of the fund and on certain fund expenses. Here is how we calculate accumulation unit values: NUMBER OF UNITS: to calculate the number of accumulation units for a particular subaccount we divide your investment by the current accumulation unit value. ACCUMULATION UNIT VALUE: the current accumulation unit value for each subaccount equals the last value times the subaccount's current net investment factor. WE DETERMINE THE NET INVESTMENT FACTOR BY: - adding the fund's current net asset value per share, plus the per share amount of any accrued income or capital gain dividends to obtain a current adjusted net asset value per share; then -------------------------------------------------------------------------------- 26 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS - dividing that sum by the previous adjusted net asset value per share; and - subtracting the percentage factor representing the mortality and expense risk fee from the result. Because the net asset value of the fund may fluctuate, the accumulation unit value may increase or decrease. You bear all the investment risk in a subaccount. FACTORS THAT AFFECT SUBACCOUNT ACCUMULATION UNITS: accumulation units may change in two ways - in number and in value. The number of accumulation units you own may fluctuate due to: - additional purchase payments you allocate to the subaccounts; - transfers into or out of the subaccounts; - partial surrenders; - surrender charges; and a deduction of a prorated portion of: - the contract administrative charge; and - the fee for any of the optional benefits you have selected: - the Accumulation Protector Benefit rider fee; or - the SecureSource Stages NY rider fee. Accumulation unit values will fluctuate due to: - changes in fund net asset value; - fund dividends distributed to the subaccounts; - fund capital gains or losses; - fund operating expenses; and/or - mortality and expense risk fees. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 27 MAKING THE MOST OF YOUR CONTRACT AUTOMATED DOLLAR-COST AVERAGING Currently, you can use automated transfers to take advantage of dollar-cost averaging (investing a fixed amount at regular intervals). For example, you might transfer a set amount monthly from a relatively conservative subaccount to a more aggressive one, or to several others, or from the regular fixed account (if available) to one or more subaccounts. You may not set up an automated transfer to the regular fixed account. You can also obtain the benefits of dollar-cost averaging by setting up regular automatic payments under a scheduled payment plan. There is no charge for dollar-cost averaging. This systematic approach can help you benefit from fluctuations in accumulation unit values caused by fluctuations in the market values of the funds. Since you invest the same amount each period, you automatically acquire more units when the market value falls and fewer units when it rises. The potential effect is to lower your average cost per unit. HOW DOLLAR-COST AVERAGING WORKS
NUMBER By investing an equal number of AMOUNT ACCUMULATION OF UNITS dollars each month ... MONTH INVESTED UNIT VALUE PURCHASED Jan $100 $20 5.00 Feb 100 18 5.56 you automatically buy Mar 100 17 5.88 more units when the (ARROW) Apr 100 15 6.67 per unit market price is low May 100 16 6.25 June 100 18 5.56 July 100 17 5.88 and fewer units Aug 100 19 5.26 when the per unit (ARROW) Sept 100 21 4.76 market price is high Oct 100 20 5.00
You paid an average price of $17.91 per unit over the 10 months, while the average market price actually was $18.10. Dollar-cost averaging does not guarantee that any subaccount will gain in value nor will it protect against a decline in value if market prices fall. Because dollar-cost averaging involves continuous investing, your success will depend upon your willingness to continue to invest regularly through periods of low price levels. Dollar-cost averaging can be an effective way to help meet your long-term goals. For specific features, contact your financial advisor. Dollar-cost averaging as described in this section is not available when the PN program is in effect. However, subject to certain restrictions, dollar-cost averaging is available through the Special DCA fixed account. See the "Special DCA Fixed Account" and "Portfolio Navigator Program" sections in this prospectus for details. ASSET REBALANCING You can ask us in writing to automatically rebalance the variable subaccount portion of your contract value either quarterly, semiannually, or annually. The period you select will start to run on the date we record your request. On the first valuation date of each of these periods, we automatically will rebalance your contract value so that the value in each subaccount matches your current subaccount percentage allocations. These percentage allocations must be in whole numbers. There is no charge for asset rebalancing. The contract value must be at least $2,000. You can change your percentage allocations or your rebalancing period at any time by contacting us in writing. We will restart the rebalancing period you selected as of the date we record your change. You also can ask us in writing to stop rebalancing your contract value. You must allow 30 days for us to change any instructions that currently are in place. For more information on asset rebalancing, contact your financial advisor. Different rules apply to asset rebalancing under the Portfolio Navigator program (see "Portfolio Navigator Program" below). As long as you are not participating in the PN program, asset rebalancing is available for use with the Special DCA fixed account (see "Special DCA Fixed Account") only if your subaccount allocation for asset rebalancing is exactly the same as your subaccount allocation for transfers from the Special DCA fixed account. If you change your subaccount allocations under the asset rebalancing program or the Special DCA fixed account, we will automatically change the subaccount allocations so they match. If you do not wish to have the subaccount allocation be the same for the asset rebalancing program and the Special DCA fixed account, you must terminate the asset rebalancing program or the Special DCA fixed account, as you may choose. -------------------------------------------------------------------------------- 28 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS PORTFOLIO NAVIGATOR PROGRAM (PN PROGRAM) Under the PN program for living benefit riders your contract value is currently allocated to one of five investment options each of which is a fund of funds which invests in underlying funds in proportions that vary among the funds of funds in light of each fund of funds' investment objective ("Portfolio Navigator funds"). The PN program is available for nonqualified annuities and for qualified annuities. You are required to participate in the PN program if your contract includes an optional Accumulation Protector Benefit rider or SecureSource Stages NY rider. If your contract does not include one of these riders, you may not participate in the PN program; but you may choose to allocate your contract value to one or more of the Portfolio Navigator funds without being the PN program. You should review any PN program information, including the prospectus for the funds of funds, carefully. Your financial advisor can provide you with additional information and can answer questions you may have on the PN program. THE PORTFOLIO NAVIGATOR FUNDS. Each of the Portfolio Navigator funds is a fund of funds with the investment objective of seeking a high level of total return consistent with a certain level of risk by investing in various underlying funds. The funds of funds have objectives ranging from Conservative to Aggressive, and are managed within asset class allocation targets and with a broad multi-manager approach. Columbia Management Investment Advisers is the investment adviser of each of the funds of funds, and Columbia Management Investment Advisers or an affiliate is the investment adviser of each of the underlying funds in which the funds of funds invest. Morningstar Associates, LLC serves as an independent consultant to Columbia Management Investment Advisers to provide recommendations regarding portfolio construction and ongoing analysis of the funds of funds. Neither Columbia Management Investment Advisers nor Morningstar Associates, LLC serves as your investment adviser as to the allocation of your contract value under the PN program. Some of the underlying funds are managed on a day-to-day basis directly by Columbia Management Investment Advisers and some are managed by one or more affiliated or unaffiliated sub-advisers, subject to the oversight of Columbia Management Investment Advisers and the fund's board of trustees. Below are the target asset allocation weights (between equity and fixed income/cash underlying funds) for each of the funds of funds: 1. Variable Portfolio - Aggressive Portfolio: 80% Equity / 20% Fixed Income 2. Variable Portfolio - Moderately Aggressive Portfolio: 65% Equity / 35% Fixed Income 3. Variable Portfolio - Moderate Portfolio: 50% Equity / 50% Fixed Income 4. Variable Portfolio - Moderately Conservative Portfolio: 35% Equity / 65% Fixed Income 5. Variable Portfolio - Conservative Portfolio: 20% Equity / 80% Fixed Income FUND OF FUNDS CONFLICTS OF INTEREST. In providing investment advisory services for the funds of funds and the underlying funds in which the funds of funds invest, Columbia Management Investment Advisers is, together with its affiliates, including us, subject to competing interests that may influence its decisions. These competing interests typically arise because Columbia Management Investment Advisers or one of its affiliates serves as the investment adviser to the underlying funds and may provide other services in connection with such underlying funds, and because the compensation we and our affiliates receive for providing these investment advisory and other services varies depending on the underlying fund. For additional information about the conflicts of interest to which Columbia Management Investment Advisers and its affiliates are subject, see funds of funds prospectus. PARTICIPATING IN THE PN PROGRAM. You are responsible for determining which investment option is best for you. Your financial advisor can help you make this determination, although his or her assistance is not offered in connection with an investment advisory agreement specific to the PN program. In addition, your financial advisor may provide you with an investor questionnaire, a tool to help define your investing style that is based on factors such as your investment goals, your tolerance for risk and how long you intend to invest. Your responses to the investor questionnaire can help you determine which investment option most closely matches your investing style. While the scoring of the investor questionnaire is objective, there is no guarantee that your responses to the investor questionnaire accurately reflect your tolerance for risk. Similarly, there is no guarantee that the fund of funds you select or have selected after completing the investor questionnaire is appropriate to your ability to withstand investment risk. RiverSource Life of NY is not responsible for your selection of a specific investment option, or your decision to change to a different investment option. Currently, there are five Portfolio Navigator funds, ranging from conservative to aggressive. You may not use more than one Portfolio Navigator fund at a time. If you initially allocate qualifying purchase payments to the Special DCA fixed account, when available (see "The Special DCA Fixed Account"), and you are participating in the PN program, we will make monthly transfers in accordance with your instructions from the Special DCA fixed account into the investment option you have chosen. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 29 You may request a change to your fund of funds up to twice per contract year by written request on an authorized form or by another method agreed to by us. If your contract includes an optional Accumulation Protector Benefit or SecureSource Stages NY rider and you make such a change, we may charge you a higher fee for your rider. (See "Charges -- Optional Living Benefit Charges")If your contract includes SecureSource Stages NY rider, we reserve the right to limit the number of changes if required to comply with the written instructions of a fund (see "Making the Most of Your Contract -- Transferring Among Accounts -- Market Timing"). If your contract includes the SecureSource Stages NY rider, we reserve the right to limit the number of investment options from which you can select, subject to state restrictions. We reserve the right to change the terms and conditions of the PN program upon written notice to you. This includes but is not limited to the right to: - limit your choice of investment options based on the amount of your initial purchase payment; - cancel required participation in the program after 30 days written notice; and - discontinue the PN program after 30 days written notice. RISKS. Asset allocation through the PN program does not guarantee that your contract will increase in value nor will it protect against a decline in value if market prices fall. By investing in a fund of funds, you may be able to reduce the volatility in your contract value, but there is no guarantee that this will happen. For additional information about the risks of investing in a fund of funds, see the prospectus for funds of funds. LIVING BENEFITS REQUIRING PARTICIPATION IN THE PN PROGRAM: - ACCUMULATION PROTECTOR BENEFIT RIDER: You cannot terminate the Accumulation Protector Benefit rider. As long as the Accumulation Protector Benefit rider is in effect, your contract value must be invested in one of the investment options. You cannot select the aggressive investment option as your investment option, or transfer to the aggressive investment option while the rider is in effect. The Accumulation Protector Benefit rider automatically ends at the end of the waiting period and you then have the option to cancel your participation in the PN program. At all other times, if you do not want to participate in any of the investment options, you must terminate your contract by requesting a full surrender. Surrender charges and tax penalties may apply. THEREFORE, YOU SHOULD NOT SELECT THE ACCUMULATION PROTECTOR BENEFIT RIDER IF YOU DO NOT INTEND TO CONTINUE PARTICIPATING IN THE PN PROGRAM UNTIL THE END OF THE WAITING PERIOD. - SECURESOURCE STAGES NY RIDER: The SecureSource Stages NY rider requires that your contract value be invested in one of the investment options for the life of the contract. We reserve the right to limit the number of investment options from which you can select based on the dollar amount of purchase payments you make. There is no minimum number of investment options that must be offered in connection with the SecureSource Stages NY rider. Currently the limitation is five, each a fund of funds, from which you may select one. Because you cannot terminate the SecureSource Stages NY rider once you have selected it, you must terminate your contract by requesting a full surrender if you do not want to participate in any of the PN program investment options. Surrender charges and tax penalties may apply. THEREFORE, YOU SHOULD NOT SELECT THE SECURESOURCE STAGES NY RIDER IF YOU DO NOT INTEND TO CONTINUE PARTICIPATING IN THE PN PROGRAM FOR THE LIFE OF THE CONTRACT. TRANSFERRING AMONG ACCOUNTS The transfer rights discussed in this section do not apply while the PN program is in effect. You may transfer contract value from any one subaccount or the regular fixed account, if available, to another subaccount before the annuitization start date. For RAVA 5 Advantage and RAVA 5 Select contracts, certain restrictions apply to transfers involving the regular fixed account. For RAVA 5 Access contracts, the regular fixed account is not available. You may not transfer contract value to the Special DCA fixed account. You may not transfer contract value from the Special DCA fixed account except as part of automated monthly transfers. The date your request to transfer will be processed depends on when we receive it: - If we receive your transfer request at our corporate office in good order before the close of business, we will process your transfer using the accumulation unit value we calculate on the valuation date we received your transfer request. - If we receive your transfer request at our corporate office in good order at or after the close of business, we will process your transfer using the accumulation unit value we calculate on the next valuation date after we received your transfer request. There is no charge for transfers. Before making a transfer, you should consider the risks involved in changing investments. For information on transfers after annuity payouts begin, see "Transfer policies" below. TRANSFER POLICIES -------------------------------------------------------------------------------- 30 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS FOR RAVA 5 ADVANTAGE AND RAVA 5 SELECT - Before the annuitization start date, you may transfer contract values between the subaccounts or from the subaccounts to the regular fixed account at any time. However, if you made a transfer from the regular fixed account to the subaccounts, took a partial surrender from the fixed account or terminated automated transfers from the Special DCA fixed account prior to the end of the Special DCA fixed account term, you may not make a transfer from any subaccount back to the regular fixed account for six months following that transfer, partial surrender or termination. - You may transfer contract values from the regular fixed account to the subaccounts once a year on or within 30 days before or after the contract anniversary (except for automated transfers, which can be set up at any time for certain transfer periods subject to certain minimums). Currently, you may transfer the entire contract value to the regular fixed account. We reserve the right to limit transfers to the regular fixed account with 30 days written notice, if the interest rate we are then currently crediting to the regular fixed account is equal to the minimum interest rate stated in the contract. In addition, if we waive any restrictions on transfers to the regular fixed account, you will be notified in writing, signed by an officer of the company. Transfers out of the regular fixed account, including automated transfers, are limited to 30% of regular fixed account value at the beginning of the contract year(1), or $10,000 whichever is greater. We reserve the right to change the percentage allowed to be transferred from the regular fixed account with 30 days written notice if the interest rate we are then currently crediting to the regular fixed account is equal to the minimum interest rate stated in the contract. In addition, if we waive any restrictions on transfers from the regular fixed account, you will be notified in writing, signed by an officer of the company. - You may not transfer contract values from the subaccounts or the regular fixed account into the Special DCA fixed account. However, you may transfer contract values as automated monthly transfers from the Special DCA fixed account to the subaccounts or the PN program investment option in effect. (See "Special DCA Fixed Account.") - After the annuitization start date, you may not make transfers to or from the fixed account, but you may make transfers once per contract year among the subaccounts. During the annuity payout period, we reserve the right to limit the number of subaccounts in which you may invest. On the annuitization start date, you must transfer all contract value out of the Special DCA fixed account. (1) All purchase payments received into the regular fixed account prior to your transfer request are considered your beginning of contract year value during the first contract year. FOR RAVA 5 ACCESS - Before the annuitization start date, you may transfer contract values between the subaccounts at any time. - You may not make a transfer to the Special DCA fixed account. However, you may transfer contract values as automated monthly transfers from the Special DCA fixed account to the subaccounts or the PN program investment option in effect. (See "Special DCA Fixed Account.") - After the annuitization start date, you may make transfers once per contract year among the subaccounts. During the annuity payout period, we reserve the right to limit the number of subaccounts in which you may invest. On the annuitization start date, you must transfer all contract value out of the Special DCA fixed account. MARKET TIMING Market timing can reduce the value of your investment in the contract. If market timing causes the returns of an underlying fund to suffer, contract value you have allocated to a subaccount that invests in that underlying fund will be lower too. Market timing can cause you, any joint owner of the contract and your beneficiary(ies) under the contract a financial loss. WE SEEK TO PREVENT MARKET TIMING. MARKET TIMING IS FREQUENT OR SHORT-TERM TRADING ACTIVITY. WE DO NOT ACCOMMODATE SHORT-TERM TRADING ACTIVITIES. DO NOT BUY A CONTRACT IF YOU WISH TO USE SHORT-TERM TRADING STRATEGIES TO MANAGE YOUR INVESTMENT. THE MARKET TIMING POLICIES AND PROCEDURES DESCRIBED BELOW APPLY TO TRANSFERS AMONG THE SUBACCOUNTS WITHIN THE CONTRACT. THE UNDERLYING FUNDS IN WHICH THE SUBACCOUNTS INVEST HAVE THEIR OWN MARKET TIMING POLICIES AND PROCEDURES. THE MARKET TIMING POLICIES OF THE UNDERLYING FUNDS MAY BE MORE RESTRICTIVE THAN THE MARKET TIMING POLICIES AND PROCEDURES WE APPLY TO TRANSFERS AMONG THE SUBACCOUNTS OF THE CONTRACT, AND MAY INCLUDE REDEMPTION FEES. WE RESERVE THE RIGHT TO MODIFY OUR MARKET TIMING POLICIES AND PROCEDURES AT ANY TIME WITHOUT PRIOR NOTICE TO YOU. Market timing may hurt the performance of an underlying fund in which a subaccount invests in several ways, including but not necessarily limited to: - diluting the value of an investment in an underlying fund in which a subaccount invests; - increasing the transaction costs and expenses of an underlying fund in which a subaccount invests; and - preventing the investment adviser(s) of an underlying fund in which a subaccount invests from fully investing the assets of the fund in accordance with the fund's investment objectives. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 31 Funds available as investment options under the contract that invest in securities that trade in overseas securities markets may be at greater risk of loss from market timing, as market timers may seek to take advantage of changes in the values of securities between the close of overseas markets and the close of U.S. markets. Also, the risks of market timing may be greater for underlying funds that invest in securities such as small cap stocks, high yield bonds, or municipal securities, that may be traded infrequently. IN ORDER TO HELP PROTECT YOU AND THE UNDERLYING FUNDS FROM THE POTENTIALLY HARMFUL EFFECTS OF MARKET TIMING ACTIVITY, WE APPLY THE FOLLOWING MARKET TIMING POLICY TO DISCOURAGE FREQUENT TRANSFERS OF CONTRACT VALUE AMONG THE SUBACCOUNTS OF THE VARIABLE ACCOUNT: We try to distinguish market timing from transfers that we believe are not harmful, such as periodic rebalancing for purposes of an asset allocation, dollar-cost averaging and asset rebalancing program that may be described in this prospectus. There is no set number of transfers that constitutes market timing. Even one transfer in related accounts may be market timing. We seek to restrict the transfer privileges of a contract owner who makes more than three subaccount transfers in any 90 day period. We also reserve the right to refuse any transfer request, if, in our sole judgment, the dollar amount of the transfer request would adversely affect unit values. If we determine, in our sole judgment, that your transfer activity constitutes market timing, we may modify, restrict or suspend your transfer privileges to the extent permitted by applicable law, which may vary based on the state law that applies to your contract and the terms of your contract. These restrictions or modifications may include, but not be limited to: - requiring transfer requests to be submitted only by first-class U.S. mail; - not accepting hand-delivered transfer requests or requests made by overnight mail; - not accepting telephone or electronic transfer requests; - requiring a minimum time period between each transfer; - not accepting transfer requests of an agent acting under power of attorney; - limiting the dollar amount that you may transfer at any one time; - suspending the transfer privilege; or - modifying instructions under an automated transfer program to exclude a restricted fund if you do not provide new instructions. Subject to applicable state law and the terms of each contract, we will apply the policy described above to all contract owners uniformly in all cases. We will notify you in writing after we impose any modification, restriction or suspension of your transfer rights. We cannot guarantee that we will be able to identify and restrict all market timing activity. Because we exercise discretion in applying the restrictions described above, we cannot guarantee that we will be able to restrict all market timing activity. In addition, state law and the terms of some contracts may prevent us from stopping certain market timing activity. Market timing activity that we are unable to identify and/or restrict may impact the performance of the underlying funds and may result in lower contract values. IN ADDITION TO THE MARKET TIMING POLICY DESCRIBED ABOVE, WHICH APPLIES TO TRANSFERS AMONG THE SUBACCOUNTS WITHIN YOUR CONTRACT, YOU SHOULD CAREFULLY REVIEW THE MARKET TIMING POLICIES AND PROCEDURES OF THE UNDERLYING FUNDS. THE MARKET TIMING POLICIES AND PROCEDURES OF THE UNDERLYING FUNDS MAY BE MATERIALLY DIFFERENT THAN THOSE WE IMPOSE ON TRANSFERS AMONG THE SUBACCOUNTS WITHIN YOUR CONTRACT AND MAY INCLUDE MANDATORY REDEMPTION FEES AS WELL AS OTHER MEASURES TO DISCOURAGE FREQUENT TRANSFERS. AS AN INTERMEDIARY FOR THE UNDERLYING FUNDS, WE ARE REQUIRED TO ASSIST THEM IN APPLYING THEIR MARKET TIMING POLICIES AND PROCEDURES TO TRANSACTIONS INVOLVING THE PURCHASE AND EXCHANGE OF FUND SHARES. THIS ASSISTANCE MAY INCLUDE BUT NOT BE LIMITED TO PROVIDING THE UNDERLYING FUND UPON REQUEST WITH YOUR SOCIAL SECURITY NUMBER, TAXPAYER IDENTIFICATION NUMBER OR OTHER UNITED STATES GOVERNMENT-ISSUED IDENTIFIER AND THE DETAILS OF YOUR CONTRACT TRANSACTIONS INVOLVING THE UNDERLYING FUND. AN UNDERLYING FUND, IN ITS SOLE DISCRETION, MAY INSTRUCT US AT ANY TIME TO PROHIBIT YOU FROM MAKING FURTHER TRANSFERS OF CONTRACT VALUE TO OR FROM THE UNDERLYING FUND, AND WE MUST FOLLOW THIS INSTRUCTION. WE RESERVE THE RIGHT TO ADMINISTER AND COLLECT ON BEHALF OF AN UNDERLYING FUND ANY REDEMPTION FEE IMPOSED BY AN UNDERLYING FUND. MARKET TIMING POLICIES AND PROCEDURES ADOPTED BY UNDERLYING FUNDS MAY AFFECT YOUR INVESTMENT IN THE CONTRACT IN SEVERAL WAYS, INCLUDING BUT NOT LIMITED TO: - Each fund may restrict or refuse trading activity that the fund determines, in its sole discretion, represents market timing. - Even if we determine that your transfer activity does not constitute market timing under the market timing policies described above which we apply to transfers you make under the contract, it is possible that the underlying fund's market timing policies and procedures, including instructions we receive from a fund, may require us to reject your transfer request. For example, while we disregard transfers permitted under any asset allocation, dollar-cost averaging and asset rebalancing programs that may be described in this prospectus, we cannot guarantee that an underlying fund's market timing policies -------------------------------------------------------------------------------- 32 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS and procedures will do so. Orders we place to purchase fund shares for the variable accounts are subject to acceptance by the fund. We reserve the right to reject without prior notice to you any transfer request if the fund does not accept our order. - Each underlying fund is responsible for its own market timing policies, and we cannot guarantee that we will be able to implement specific market timing policies and procedures that a fund has adopted. As a result, a fund's returns might be adversely affected, and a fund might terminate our right to offer its shares through the variable account. - Funds that are available as investment options under the contract may also be offered to other intermediaries who are eligible to purchase and hold shares of the fund, including without limitation, separate accounts of other insurance companies and certain retirement plans. Even if we are able to implement a fund's market timing policies, we cannot guarantee that other intermediaries purchasing that same fund's shares will do so, and the returns of that fund could be adversely affected as a result. FOR MORE INFORMATION ABOUT THE MARKET TIMING POLICIES AND PROCEDURES OF AN UNDERLYING FUND, THE RISKS THAT MARKET TIMING POSE TO THAT FUND, AND TO DETERMINE WHETHER AN UNDERLYING FUND HAS ADOPTED A REDEMPTION FEE, SEE THAT FUND'S PROSPECTUS. HOW TO REQUEST A TRANSFER OR SURRENDER 1 BY LETTER Send your name, contract number, Social Security Number or Taxpayer Identification Number* and signed request for a transfer or surrender to: Regular mail: RIVERSOURCE LIFE INSURANCE CO. OF NEW YORK 20 MADISON AVENUE EXTENSION P.O. BOX 5144 ALBANY, NY 12205 Express mail: RIVERSOURCE LIFE INSURANCE CO. OF NEW YORK 20 MADISON AVENUE EXTENSION ALBANY, NY 12203 MINIMUM AMOUNT Transfers or surrenders: $250 or entire account balance MAXIMUM AMOUNT Transfers or surrenders: Contract value or entire account balance * Failure to provide your Social Security Number or Taxpayer Identification Number may result in mandatory tax withholding on the taxable portion of the distribution. 2 BY AUTOMATED TRANSFERS AND AUTOMATED PARTIAL SURRENDERS Your financial advisor can help you set up automated transfers among your subaccounts or regular fixed account (if available) or automated partial surrenders from the regular fixed account (if available), Special DCA fixed account or the subaccounts. You can start or stop this service by written request or other method acceptable to us. You must allow 30 days for us to change any instructions that are currently in place. - Automated transfers from the regular fixed account are limited to 30% of the regular fixed account value at the beginning of the contract year or $10,000, whichever is greater. - Automated surrenders may be restricted by applicable law under some contracts. - You may not make additional purchase payments if automated partial surrenders are in effect. - If the PN program is in effect, you are not allowed to set up automated transfers except in connection with a Special DCA fixed account (see "Special DCA Fixed Account" and "Making the Most of Your Contract -- Portfolio Navigator Program"). - Automated partial surrenders may result in IRS taxes and penalties on all or part of the amount surrendered. - The balance in any account from which you make an automated transfer or automated partial surrender must be sufficient to satisfy your instructions. If not, we will suspend your entire automated arrangement until the balance is adequate. - If you have a SecureSource Stages NY rider, you may set up automated partial surrenders up to the lifetime benefit amount available for withdrawal under the rider. MINIMUM AMOUNT Transfers or surrenders: $50 -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 33 MAXIMUM AMOUNT Transfers or surrenders: None (except for automated transfers from the regular fixed account) 3 BY TELEPHONE Call: (518) 869-8613 MINIMUM AMOUNT Transfers or surrenders: $250 or entire account balance MAXIMUM AMOUNT Transfers: Contract value or entire account balance Surrenders: $100,000 We answer telephone requests promptly, but you may experience delays when the call volume is unusually high. If you are unable to get through, use the mail procedure as an alternative. We will honor any telephone transfer or surrender requests that we believe are authentic and we will use reasonable procedures to confirm that they are. This includes asking identifying questions and recording calls. We will not allow telephone surrender within 30 days of a phoned-in address change. As long as we follow the procedures, we (and our affiliates) will not be liable for any loss resulting from fraudulent requests. Telephone transfers or surrenders are automatically available. You may request that telephone transfers or surrenders not be authorized from your account by writing to us. SURRENDERS You may surrender all or part of your contract at any time before the annuitization start date by sending us a written request or calling us. We will process your surrender request on the valuation date we receive it. If we receive your surrender request in good order at our corporate office before the close of business, we will process your surrender using the accumulation unit value we calculate on the valuation date we received your surrender request. If we receive your surrender request at our corporate office at or after the close of business, we will process your surrender using the accumulation unit value we calculate on the next valuation date after we received your surrender request. We may ask you to return the contract. You may have to pay a contract administrative charge, surrender charges, or any applicable optional rider charges (see "Charges") and IRS taxes and penalties (see "Taxes"). You cannot make surrenders after the annuitization start date except under Plan E (see "The Annuity Payout Period -- Annuity Payout Plans"). Any partial surrenders you take under the contract will reduce your contract value. As a result, the value of your death benefit or any optional benefits you have elected also will be reduced. If you have elected the SecureSource Stages NY rider and your partial surrenders in any contract year exceed the permitted surrender amount under the terms of the SecureSource Stages NY rider, your benefits under the rider will be reduced (see "Optional Benefits"). Any partial surrender request that exceeds the amount allowed under the rider(s) and impacts the guarantees provided, will not be considered in good order until we receive a signed Benefit Impact Acknowledgement form showing the projected effect of the surrender on the rider benefits or a verbal acknowledgement that you understand and accept the impacts that have been explained to you. In addition, surrenders you are required to take to satisfy the RMDs under the Code may reduce the value of certain death benefits and optional benefits (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). SURRENDER POLICIES If you have a balance in more than one account and you request a partial surrender, we will automatically surrender money from all your subaccounts, Special DCA fixed account and/or the regular fixed account, in the same proportion as your value in each account correlates to your total contract value, unless requested otherwise(1). The minimum contract value after a partial surrender is $500. (1) If you elected the SecureSource Stages NY or Accumulation Protector Benefit rider, you do not have the option to request from which account to surrender. RECEIVING PAYMENT 1 BY REGULAR OR EXPRESS MAIL - payable to you; - mailed to address of record. -------------------------------------------------------------------------------- 34 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS NOTE: We will charge you a fee if you request express mail delivery. 2 BY WIRE - request that payment be wired to your bank; - bank account must be in the same ownership as your contract; and - pre-authorization required. Normally, we will send the payment within seven days after receiving your request in good order. However, we may postpone the payment if: - the surrender amount includes a purchase payment check that has not cleared; - the NYSE is closed, except for normal holiday and weekend closings; - trading on the NYSE is restricted, according to SEC rules; - an emergency, as defined by SEC rules, makes it impractical to sell securities or value the net assets of the accounts; or - the SEC permits us to delay payment for the protection of security holders. CHANGING THE ANNUITANT If you have a nonqualified annuity and are a natural person (excluding a revocable trust), you may change the annuitant or contingent annuitant if the request is made prior to the annuitization start date and while the existing annuitant or contingent annuitant is living. The change will become binding on us when we receive it. If you and the annuitant are not the same person and the annuitant dies before the annuitization start date, the owner becomes the annuitant unless a contingent annuitant has been previously selected. You may not change the annuitant if you have a qualified annuity or there is non-natural or revocable trust ownership. CHANGING OWNERSHIP You may change ownership of your nonqualified annuity at any time by completing a change of ownership form we approve and sending it to our corporate office. We will honor any change of ownership request received in good order that we believe is authentic and we will use reasonable procedures to confirm authenticity. If we follow these procedures, we will not take any responsibility for the validity of the change. If you have a nonqualified annuity, you may incur income tax liability by transferring, assigning or pledging any part of it. (See "Taxes.") If you have a qualified annuity, you may not sell, assign, transfer, discount or pledge your contract as collateral for a loan, or as security for the performance of an obligation or for any other purpose except as required or permitted by the Code. However, if the owner is a trust or custodian, or an employer acting in a similar capacity, ownership of the contract may be transferred to the annuitant. Please consider carefully whether or not you wish to change ownership of your annuity contract. If you elected any optional contract features or riders any owner was not an owner before the change, all owners (including any prior owner who is still an owner after the ownership change) will be subject to all limitations and/or restrictions of those features or riders just as if they were purchasing a new contract. The death benefit may change due to a change of ownership. - If you elected the ROPP Death Benefit and if any owner is older than age 79 immediately following the ownership change, the ROPP Death Benefit will continue. If all owners are age 79 or younger, the ROPP Death Benefit will terminate and the Standard Death Benefit will apply. - If you elected the 5-Year MAV Death Benefit and if any owner is older than age 75 immediately following the ownership change, this rider will terminate and the Standard Death Benefit will apply. If all owners are age 75 or younger, the 5-Year MAV Death Benefit will continue. - If you elected the MAV Death Benefit and if any owner is older than age 79 immediately following the ownership change, this rider will terminate and the Standard Death Benefit will apply. If all owners are age 79 or younger, the MAV Death Benefit will continue. - The ROPP Death Benefit, MAV Death Benefit and 5-Year MAV Death Benefit values may be reset (see "Benefits in the Case of Death"). -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 35 - If the death benefit that applies to your contract changes due to an ownership change, the mortality and expense risk fee may change as well (see "Charges -- Mortality and Expense Risk Fee"). The Accumulation Protector Benefit rider will continue upon change of ownership. For the SecureSource Stages NY - Single Life rider, the rider will terminate if there is a change of ownership unless (1) the new owner assumes total ownership of the contract and is one of the original owners, the covered person, or a non- natural owner holding for the sole benefit of the original owner (e.g., an individual ownership changed to a personal revocable trust.), and (2) the covered person is the same after the ownership change. (See "Optional Benefits.") The SecureSource Stages NY - Joint Life rider will terminate if there is an assignment or a change of ownership unless the new owner or assignee assumes total ownership of the contract and is one of the covered spouses, or a non- natural owner holding for the sole benefit of one or both covered spouses (e.g., an individual ownership changed to a personal revocable trust). If we waive our right to terminate the rider for any types of assignments or change of ownership, you will be notified in writing, signed by an officer of the company. IF YOU DIE BEFORE THE ANNUITIZATION START DATE When paying the beneficiary, we will process the death claim on the valuation date our death claim requirements are fulfilled. We will determine the contract's value using the accumulation unit value we calculate on that valuation date. We pay interest, if any, at a rate no less than required by law. We will mail payment to the beneficiary within seven days after our death claim requirements are fulfilled. NONQUALIFIED ANNUITIES If your spouse is sole beneficiary and you die before the annuitization start date, your spouse may keep the contract as owner with the contract value equal to the death benefit that would otherwise have been paid. To do this your spouse must, on the date our death claim requirements are fulfilled, give us written instructions to continue the contract as owner. For RAVA5 Advantage, there will be no surrender charges on the contract from that point forward unless additional purchase payments are made. For RAVA 5 Select, there will be no surrender charges on the contract from that point forward. If you elected any optional contract features or riders, your spouse will be subject to all limitations and/or restrictions of those features or riders just as if they were purchasing a new contract and the values may be reset (see "Optional Benefits" and "Benefits in the Case of Death -- Standard Death Benefit"). If the death benefit applicable to the contract changes due to spousal continuation, the mortality and expense risk fee may change as well (see "Charges -- Mortality and Expense Risk Fee"). If your beneficiary is not your spouse, or your spouse does not elect spousal continuation, we will pay the beneficiary in a single sum unless you give us other written instructions. Generally, we must fully distribute the death benefit within five years of your death. However, the beneficiary may receive payouts under any annuity payout plan available under this contract if: - the beneficiary asks us in writing within 60 days after the day on which all documents have been received that prove your death has occurred; and - payouts begin no later than one year after your death, or other date as permitted by the IRS; and - the payout period does not extend beyond the beneficiary's life or life expectancy. QUALIFIED ANNUITIES - SPOUSE BENEFICIARY: If you have not elected an annuity payout plan, and if your spouse is the sole beneficiary, your spouse may either elect to treat the contract as his/her own, so long as he or she is eligible to do so, or elect an annuity payout plan or another plan agreed to by us. If your spouse elects a payout option, the payouts must begin no later than the year in which you would have reached age 70 1/2. If you attained age 70 1/2 at the time of death, payouts must begin no later than Dec. 31 of the year following the year of your death. Your spouse may elect to assume ownership of the contract with the contract value equal to the death benefit that would otherwise have been paid. To do this your spouse must, on the date our death claim requirements are fulfilled, give us written instructions to continue the contract as owner. For RAVA 5 Advantage, there will be no surrender charges on the contract from that point forward unless additional purchase payments are made. For RAVA 5 Select, there will be no surrender charges on the contract from that point forward. If you elected any optional contract features or riders, your spouse will be subject to all limitations and/or restrictions of those features or riders just as if they were purchasing a new contract and the values may be reset (see "Optional Benefits", "Optional Death Benefits" and "Benefits in the Case of Death -- Standard Death Benefit"). If the death benefit applicable to the contract changes due to spousal continuation, the mortality and expense risk fee may change as well (see "Charges -- Mortality and Expense Risk Fee"). If your spouse is the -------------------------------------------------------------------------------- 36 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS sole beneficiary and elects to treat the contract as his/her own as an inherited IRA, the SecureSource Stages NY rider will terminate. If you purchased this contract as an inherited IRA and your spouse is the sole beneficiary, he or she can elect to continue this contract as an inherited IRA. Your spouse must follow the schedule of minimum surrenders established based on your life expectancy. If you purchased this contract as an inherited IRA and your spouse is not the sole beneficiary, he or she can elect an alternative payment plan for his or her share of the death benefit and all optional death benefits and living benefits will terminate. Your spouse beneficiary must submit the applicable investment options form or the Portfolio Navigator program enrollment form. No additional purchase payments will be accepted. The death benefit payable on the death of the spouse beneficiary is the contract value after any rider charges have been deducted from the variable account; the mortality and expense risk fee will be the same as is applicable to the Standard Death Benefit. Your spouse must follow the schedule of minimum surrenders established based on your life expectancy. - NON-SPOUSE BENEFICIARY: If you have not elected an annuity payout plan, and if death occurs prior to the year you would have attained age 70 1/2, the beneficiary may elect to receive payouts from the contract over a five year period. If your beneficiary does not elect a five year payout or if your death occurs after attaining age 70 1/2, we will pay the beneficiary in a single sum unless the beneficiary elects to receive payouts under any payout plan available under this contract if: - the beneficiary asks us in writing within 60 days after the day on which all documents have been received that prove your death has occurred; and - payouts begin no later than one year following the year of your death; and - the payout period does not extend beyond the beneficiary's life or life expectancy. If a beneficiary elects an alternative payment plan which is an inherited IRA, all optional death benefits and living benefits will terminate. The beneficiary must submit the applicable investment options form or the Portfolio Navigator program enrollment form. No additional purchase payments will be accepted. The death benefit payable on the death of the non-spouse beneficiary is the contract value after any rider charges have been deducted; the mortality and expense risk fee will be the same as is applicable to the Standard Death Benefit. In the event of your beneficiary's death, their beneficiary can elect to take a lump sum payment or to continue the alternative payment plan following the schedule of minimum withdrawals established based on the life expectancy of your beneficiary - ANNUITY PAYOUT PLAN: If you elect an annuity payout plan which guarantees payouts to a beneficiary after death, the payouts to your beneficiary will continue pursuant to the annuity payout plan you elect. BENEFITS IN CASE OF DEATH -- STANDARD DEATH BENEFIT We will pay the death benefit to your beneficiary upon your death. If a contract has more than one person as the owner, we will pay benefits upon the first to die of any owner. If you die before the annuitization start date while this contract is in force, we will pay the beneficiary as follows: If you are age 79 or younger on the date we issue the contract or the date of the most recent covered life change, the beneficiary receives the greater of: - contract value after any rider charges have been deducted; or - the Return of Purchase Payments (ROPP) value. If you are age 80 or older on the date we issue the contract or the date of the most recent covered life change, the beneficiary receives the contract value after any rider charges have been deducted. HERE ARE SOME TERMS THAT ARE USED TO DESCRIBE THE STANDARD DEATH BENEFIT AND OPTIONAL DEATH BENEFITS: ROPP VALUE: is the total purchase payments on the contract issue date. Additional purchase payments will be added to the ROPP value. Adjusted partial surrenders will be subtracted from the ROPP value. ADJUSTED PARTIAL SURRENDERS PS X DB ------- CV
PS = the amount by which the contract value is reduced as a result of the partial surrender. DB = the applicable ROPP value, MAV value or 5-year MAV value on the date of (but prior to) the partial surrender. CV = the contract value on the date of (but prior to) the partial surrender. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 37 COVERED LIFE CHANGE: is either continuation of the contract by a spouse under the spousal continuation provision, or an ownership change where any owner after the ownership change was not an owner prior to the change. For a spouse who continues the contract and is age 79 or younger, we set the ROPP value to the contract value on the date of the continuation after any rider charges have been deducted and after any increase to the contract value due to the death benefit that would otherwise have been paid. After a covered life change other than for the spouse who continues the contract, if the prior owner and all current owners are eligible for the ROPP Death Benefit, we reset the ROPP value on the valuation date we receive your request for the ownership change to the contract value after any rider charges have been deducted, if the contract value is less. If the prior owner was not eligible for the ROPP Death Benefit, but the new owner is eligible, we reset the ROPP value to the contract value after any rider charges have been deducted on the valuation date we receive your request for the ownership change. For example of standard death benefit calculation, please see Appendix C. OPTIONAL BENEFITS The assets held in our general account support the guarantees under your contract, including optional death benefits and optional living benefits. To the extent that we are required to pay you amounts in addition to your contract value under these benefits, such amounts will come from our general account assets. You should be aware that our general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity and credit risk. You should also be aware that we issue other types of insurance and financial products as well, and we also pay out obligations under these products from assets in our general account. Our general account is not segregated or insulated from the claims of our creditors. The financial statements contained in the SAI include a further discussion of the risks inherent within the investments of the general account. OPTIONAL DEATH BENEFITS In addition to the Standard Death Benefit, we also offer the following optional death benefits at contract issue: - ROPP Death Benefit; - MAV Death Benefit; and - 5- Year MAV Death Benefit. If you are age 75 or younger at contract issue, you can elect the 5-Year MAV or MAV optional death benefits. If you are age 76-79 at contract issue, you can elect MAV optional death benefit. If you are age 80 or older at contract issue, then you may elect the ROPP Death Benefit. ROPP is included in the Standard Death Benefit if you are age 79 or younger at contract issue. Once you elect a death benefit, you cannot change it; however the death benefit that applies to your contract may change due to an ownership change (see "Changing Ownership") or continuation of the contract by the spouse under the spousal continuation provision. The death benefit determines the mortality and expense risk fee that is assessed against the subaccounts. We will base the benefit paid on the death benefit coverage in effect on the date of your death. IF YOU ARE AGE 80 OR OLDER AT CONTRACT ISSUE, YOU MAY SELECT THE ROPP DEATH BENEFIT DESCRIBED BELOW AT THE TIME YOU PURCHASE YOUR CONTRACT. BE SURE TO DISCUSS WITH YOUR FINANCIAL ADVISOR WHETHER OR NOT THIS DEATH BENEFIT IS APPROPRIATE FOR YOUR SITUATION. RETURN OF PURCHASE PAYMENTS (ROPP) DEATH BENEFIT The ROPP Death Benefit will pay your beneficiaries no less than your purchase payments, adjusted for surrenders. If you die before the annuitization start date and while this contract is in force, the death benefit will be the greatest of: 1. the contract value after any rider charges have been deducted, or 2. the ROPP Value as described above. For a spouse who continues the contract and is age 80 or older, we reset the ROPP value to the contract value on the date of the continuation after any rider charges have been deducted and after any increase to the contract value due to the death benefit that would otherwise have been paid. If the spouse who continues the contract is age 79 or younger, the ROPP Death Benefit will terminate and the Standard Death Benefit will apply. After a covered life change other than for the spouse who continues the contract, if any owner is age 80 or older we reset the ROPP value on the valuation date we receive your request for the ownership change to the contract value after any rider charges have been deducted, if the contract value is less. -------------------------------------------------------------------------------- 38 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS If all owners are age 79 or younger, the ROPP Death Benefit will terminate and the Standard Death Benefit will apply. AS DESCRIBED BELOW, IF YOU ARE AGE 75 OR YOUNGER AT CONTRACT ISSUE, YOU MAY SELECT EITHER THE MAV DEATH BENEFIT OR THE 5-YEAR MAV DEATH BENEFIT AT THE TIME YOU PURCHASE YOUR CONTRACT. IF YOU ARE AGE 76-79 AT CONTRACT ISSUE, YOU MAY SELECT THE MAV DEATH BENEFIT. THE MAV DEATH BENEFIT DOES NOT PROVIDE ANY ADDITIONAL BENEFIT BEFORE THE FIRST CONTRACT ANNIVERSARY AND THE 5-YEAR MAV DEATH BENEFIT DOES NOT PROVIDE ANY ADDITIONAL BENEFITS BEFORE THE FIFTH CONTRACT ANNIVERSARY AND MAY NOT BE APPROPRIATE FOR CERTAIN OLDER ISSUE AGES BECAUSE THE BENEFIT VALUES MAY BE LIMITED AFTER AGE 80. BE SURE TO DISCUSS WITH YOUR FINANCIAL ADVISOR WHETHER OR NOT THESE DEATH BENEFITS ARE APPROPRIATE FOR YOUR SITUATION. MAXIMUM ANNIVERSARY VALUE (MAV) DEATH BENEFIT The MAV Death Benefit provides that if you die while the contract is in force and before the annuitization start date, the death benefit will be the greatest of these values: 1. the contract value after any rider charges have been deducted; 2. the ROPP value as described above; or 3. the MAV. The MAV equals the ROPP value prior to the first contract anniversary. Every contract anniversary prior to the earlier of your 81st birthday or your death, we compare the MAV to the current contract value and we reset the MAV to the higher amount. The MAV is increased by any additional purchase payments and reduced by adjusted partial surrenders. For a spouse who is age 79 or younger and continues the contract, we reset the MAV to the contract value on the date of the continuation after any rider charges have been deducted and after any increase to the contract value due to the death benefit that would otherwise have been paid. If your spouse is age 80 or older when the contract was continued, the MAV death benefit will terminate and the Standard Death Benefit will apply. After a covered life change other than for a spouse who continues the contract, if all owners are age 79 or younger, we reset the MAV on the valuation date we receive your request for the ownership change to the lesser of these two values: (a) the contract value after any rider charges have been deducted, or (b) the MAV on that date, but prior to the reset. If any owner is age 80 or older at the time of the covered life change, the MAV death benefit will terminate and the Standard Death Benefit will apply. 5-YEAR MAXIMUM ANNIVERSARY VALUE (5-YEAR MAV) DEATH BENEFIT The 5-year MAV Death Benefit provides that if you die while the contract is in force and before the annuitization start date, the death benefit will be the greatest of these values: 1. the contract value after any rider charges have been deducted; 2. the ROPP value as described above; or 3. the 5-year MAV. The 5-year MAV equals the ROPP value prior to the fifth contract anniversary. Every fifth contract anniversary prior to the earlier of your 81st birthday or your death, we compare the 5-year MAV to the current contract value and we reset the 5-Year MAV to the higher amount. The 5-year MAV is increased by any additional purchase payments and reduced by adjusted partial surrenders. For a spouse who is age 75 or younger and continues the contract, we reset the 5-Year MAV to the contract value on the date of the continuation after any rider charges have been deducted and after any increase to the contract value due to the death benefit that would otherwise have been paid. If your spouse is age 76 or older when the contract was continued, the 5-year MAV death benefit will terminate and the Standard Death Benefit will apply. After a covered life change other than for a spouse who continues the contract, if all owners are age 75 or younger, we reset the 5-Year MAV on the valuation date we receive your request for the ownership change to the lesser of these two values: (a) the contract value after any rider charges have been deducted, or (b) the 5-Year MAV on that date, but prior to the reset. If any owner is age 76 or older at the time of the covered life change, the 5- year MAV death benefit will terminate and the Standard Death Benefit will apply. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 39 OPTIONAL LIVING BENEFITS SECURESOURCE STAGES NY RIDERS The SecureSource Stages NY rider is an optional benefit that you can add to your contract for an additional charge. This benefit is intended to provide to you, after the lifetime benefit is established, a specified withdrawal amount annually for life, even if your contract value is zero, subject to the terms and provisions described in this section. Additionally, this benefit offers a credit feature to help in low or poor performing markets and a step up feature to lock in contract anniversary gains. The SecureSource Stages NY rider may be appropriate for you if you intend to make periodic withdrawals from your annuity contract and wish to ensure that market performance will not adversely affect your ability to withdraw income over your lifetime. This rider may not be appropriate for you if you do not intend to limit withdrawals to the amount allowed in order to receive the full benefits of the rider. Your benefits under the rider can be reduced if any of the following occurs: - If you withdraw more than the allowed withdrawal amount in a contract year, or you take withdrawals before the lifetime benefit is available; - If you take a withdrawal and later choose to allocate your contract value to a fund of funds that is more aggressive than the target fund. The SecureSource Stages NY rider guarantees that, regardless of investment performance, you may take withdrawals up to the lifetime benefit amount each contract year after the lifetime benefit is established. Your age at the time of the first withdrawal will determine the age band for as long as benefits are payable except as described in the lifetime payment percentage provision. As long as your total withdrawals during the current year do not exceed the lifetime benefit amount, you will not be assessed a surrender charge. If you withdraw a larger amount, the excess amount will be assessed any applicable surrender charges and benefits will be reduced in accordance with excess withdrawal processing. At any time, you may withdraw any amount up to your entire surrender value, subject to excess withdrawal processing under the rider. Subject to conditions and limitations, the rider also guarantees that you or your beneficiary will get back purchase payments you have made, increased by annual step-ups, through withdrawals over time. Subject to conditions and limitations, the lifetime benefit amount can be increased if a rider credit is available or your contract value has increased on a rider anniversary. The principal back guarantee can also be increased if your contract value has increased on a rider anniversary. AVAILABILITY There are two optional SecureSource Stages NY riders available under your contract: - SecureSource Stages NY -- Single Life - SecureSource Stages NY -- Joint Life The information in this section applies to both SecureSource Stages NY riders, unless otherwise noted. For the purpose of this rider, the term "withdrawal" is equal to the term "surrender" in the contract or any riders. Withdrawals will adjust contract values and benefits in the same manner as surrenders. The SecureSource Stages NY -- Single Life rider covers one person. The SecureSource Stages NY -- Joint Life Rider covers two spouses jointly who are named at contract issue. You may elect only the SecureSource Stages NY -- Single Life rider or the SecureSource Stages NY -- Joint Life rider, not both, and you may not switch riders later. You must elect the rider when you purchase your contract. The rider effective date will be the contract issue date. The SecureSource Stages NY rider is an optional benefit that you may select for an additional annual charge if: - SINGLE LIFE: you are 85 or younger on the date the contract is issued; or - JOINT LIFE: you and your spouse are 85 or younger on the date the contract is issued. The SecureSource Stages NY riders are not available under an inherited qualified annuity. The SecureSource Stages NY rider guarantees that, regardless of the investment performance of your contract, you will be able to withdraw up to a certain amount each year from the contract before the annuitization start date until: - SINGLE LIFE: death (see "At Death" heading below). - JOINT LIFE: the death of the last surviving covered spouse (see "Joint Life only: Covered Spouses" and "At Death" headings below). KEY TERMS The key terms associated with the SecureSource Stages NY rider are: -------------------------------------------------------------------------------- 40 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS AGE BANDS: Each age band is associated with a lifetime payment percentage. The covered person (JOINT LIFE: the younger covered spouse) must be at least the youngest age shown in the first age band for the annual lifetime payment to be established. After the annual lifetime payment is established, in addition to your age, other factors determine when you move to a higher age band. ANNUAL LIFETIME PAYMENT (ALP): the lifetime benefit amount available each contract year after the covered person (JOINT LIFE: the younger covered spouse) has reached the youngest age in the first age band. ANNUAL STEP-UP: an increase in the benefit base or the principal back guarantee and a possible increase in the lifetime payment percentage that is available each rider anniversary if your contract value increases, subject to certain conditions. BENEFIT BASE (BB): used to calculate the annual lifetime payment and the annual rider charge. The BB cannot be withdrawn or annuitized and is not payable as a death benefit. CREDIT BASE (CB): used to calculate the rider credit. The CB cannot be withdrawn or annuitized and is not payable as a death benefit. EXCESS WITHDRAWAL: (1) a withdrawal taken before the annual lifetime payment is established, or (2) a withdrawal that is greater than the remaining annual lifetime payment after the annual lifetime payment is established. EXCESS WITHDRAWAL PROCESSING: a reduction in benefits if a withdrawal is taken before the annual lifetime payment is established or if a withdrawal exceeds the remaining annual lifetime payment. LIFETIME PAYMENT PERCENTAGE: used to calculate your annual lifetime payment. PRINCIPAL BACK GUARANTEE (PBG): a guarantee that total withdrawals will not be less than purchase payments you have made, increased by annual step-ups, as long as there is no excess withdrawal or benefit reset. REMAINING ANNUAL LIFETIME PAYMENT (RALP): as you take withdrawals during a contract year, the remaining amount that the rider guarantees will be available for withdrawal that year is reduced. After the annual lifetime payment is established, the RALP is the guaranteed amount that can be withdrawn during the remainder of the current contract year. RIDER CREDIT: an amount that can be added to the benefit base for up to ten years based on a rider credit percentage of 8% for the first credit and 6% thereafter, as long as no withdrawals have been taken since the rider effective date and you do not decline any annual rider fee increase. Rider credits are available for a ten year rider credit period as follows: If the covered person (Joint life: younger covered spouse) is age 60 or older at issue, you will start receiving credits on the first contract anniversary. If the covered person (Joint life: younger covered spouse) is younger than age 60 at issue, you will start receiving credits on the contract anniversary after the covered person (Joint life: younger covered spouse) reaches age 61. Investment performance and excess withdrawals may reduce or eliminate the benefit of any rider credits. Rider credits may result in higher rider charges that may exceed the benefit from the credits. WITHDRAWAL: the amount by which your contract value is reduced as a result of any withdrawal request. It may differ from the amount of your request due to any surrender charge. IMPORTANT SECURESOURCE STAGES NY RIDER CONSIDERATIONS You should consider whether a SecureSource Stages NY rider is appropriate for you taking into account the following considerations: - LIFETIME BENEFIT LIMITATIONS: The lifetime benefit is subject to certain limitations, including but not limited to: SINGLE LIFE: Once the contract value equals zero, payments are made for as long as the covered person is living (see "If Contract Value Reduces to Zero" heading below). However, if the contract value is greater than zero, the lifetime benefit terminates at the first death of any owner even if the covered person is still living (see "At Death" heading below). This possibility may present itself when there are multiple contract owners -- when one of the contract owners dies the lifetime benefit terminates even though other contract owners are still living. JOINT LIFE: Once the contract value equals zero, payments are made for as long as either covered spouse is living (see "If Contract Value Reduces to Zero" heading below). However, if the contract value is greater than zero, the lifetime benefit terminates at the death of the last surviving covered spouse (see "At Death" heading below). - WITHDRAWALS: Please consider carefully when you start taking withdrawals from this rider. Any withdrawals in the first 10 years (and later, depending on the issue age) will terminate the rider credits. Also, if you withdraw more than the allowed withdrawal amount in a contract year or take withdrawals before the lifetime benefit is available ("excess withdrawal"), the guaranteed amounts under the rider will be reduced. - USE OF PORTFOLIO NAVIGATOR PROGRAM REQUIRED: You must elect one of the investment options under the PN program. This requirement limits your choice of investment options. This means you will not be able to allocate contract value to all of the subaccounts or the regular fixed account that are available under the contract to contract owners who do not elect the rider. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 41 (See "Making the Most of Your Contract -- Portfolio Navigator Program.") You may allocate purchase payments to the Special DCA fixed account, when available, and we will make monthly transfers into the investment option you have chosen. You may make two elective investment option changes per contract year; we reserve the right to limit elective investment option changes if required to comply with the written instructions of a fund (see "Market Timing"). You can allocate your contract value to any available investment option during the following times: (1) prior to your first withdrawal and (2) following a benefit reset due to an investment option change as described below but prior to any subsequent withdrawal. During these accumulation phases, you may request to change your investment option to any available investment option. Immediately following a withdrawal your contract value will be reallocated to the target investment option classification if your current investment option is more aggressive than the target investment option classification. This automatic reallocation is not included in the total number of allowed investment option changes per contract year. The target investment option is currently the Moderate investment option. We reserve the right to change the target investment option to an investment option classification that is more aggressive than the Moderate investment option after 30 days written notice. After you have taken a withdrawal and prior to any benefit reset, you are in a withdrawal phase. During withdrawal phases you may request to change your investment option to the target investment option or any investment option that is more conservative than the target investment option without a benefit reset as described below. If you are in a withdrawal phase and you choose to allocate your contract value to an investment option that is more aggressive than the target investment option, you will be in the accumulation phase again and your rider benefit will be reset as follows: 1. the BB and PBG, will be reset to the contract value, if less than their current amount; and 2. the ALP and RALP, if available, will be recalculated. You may request to change your investment option by written request on an authorized form or by another method agreed to by us. - NON-CANCELABLE: Once elected, the SecureSource Stages NY rider may not be cancelled (except as provided under "Rider Termination" heading below) and the charge will continue to be deducted until the contract or rider is terminated or the contract value reduces to zero (described below). Dissolution of marriage does not terminate the SecureSource Stages NY -- Joint Life rider and will not reduce the fee we charge for this rider. The benefit under the SecureSource Stages NY -- Joint Life rider continues for the covered spouse who is the owner of the contract (or annuitant in the case of nonnatural or revocable trust ownership). The rider will terminate at the death of the contract owner because the original covered spouse will be unable to elect the spousal continuation provision of the contract (see "Joint Life only: Covered Spouses" below). - JOINT LIFE: LIMITATIONS ON CONTRACT OWNERS, ANNUITANTS AND BENEFICIARIES: Since the joint life benefit will terminate unless the surviving covered spouse continues the contract under the spousal option to continue the contract upon the owner's death provision, only ownership arrangements that permit such continuation are allowed at rider issue. In general, the covered spouses should be joint owners, or one covered spouse should be the owner and the other covered spouse should be named as the sole primary beneficiary. For non-natural ownership arrangements that allow for spousal continuation one covered spouse should be the annuitant and the other covered spouse should be the sole primary beneficiary. For revocable trust ownerships, the grantor of the trust must be the annuitant and the beneficiary must either be the annuitant's spouse or a trust that names the annuitant's spouse as the sole primary beneficiary. You are responsible for establishing ownership arrangements that will allow for spousal continuation. If you select the SecureSource Stages NY -- Joint Life rider, please consider carefully whether or not you wish to change the beneficiary of your annuity contract. The rider will terminate if the surviving covered spouse cannot utilize the spousal continuation provision of the contract when the death benefit is payable. - LIMITATIONS ON PURCHASE PAYMENTS: We reserve the right to limit the cumulative amount of purchase payments. For current purchase payment restrictions, please see "Buying Your Contract -- Purchase Payments". INTERACTION WITH TOTAL FREE AMOUNT (FA) CONTRACT PROVISION: The FA is the amount you are allowed to withdraw from the contract in each contract year without incurring a surrender charge (see "Charges -- Surrender Charge"). The FA may be greater than the remaining annual lifetime payment under this rider. Any amount you withdraw under the contract's FA provision that exceeds the remaining annual lifetime payment is subject to the excess withdrawal processing described below. -------------------------------------------------------------------------------- 42 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS You should consult your tax advisor before you select this optional rider if you have any questions about the use of the rider in your tax situation because: - TAX CONSIDERATIONS FOR NONQUALIFIED ANNUITIES: Under current federal income tax law, withdrawals under nonqualified annuities, including withdrawals taken from the contract under the terms of the rider, are treated less favorably than amounts received as annuity payments under the contract (see "Taxes -- Nonqualified Annuities"). Withdrawals are taxable income to the extent of earnings. Withdrawals of earnings before age 59 1/2 may also incur a 10% IRS early withdrawal penalty. You should consult your tax advisor before you select this optional rider if you have any questions about the use of the rider in your tax situation. - TAX CONSIDERATIONS FOR QUALIFIED ANNUITIES: Qualified annuities have minimum distribution rules that govern the timing and amount of distributions from the annuity contract (see "Taxes -- Qualified Annuities -- Required Minimum Distributions"). While the rider permits certain excess withdrawals to be taken for the purpose of satisfying RMD requirements for your contract alone without reducing future benefits guaranteed under the rider, there can be no guarantee that changes in the federal income tax law after the effective date of the rider will not require a larger RMD to be taken, in which case, future guaranteed withdrawals under the rider could be reduced. See Appendix E for additional information. LIFETIME BENEFIT DESCRIPTION SINGLE LIFE ONLY: COVERED PERSON: the person whose life is used to determine when the annual lifetime payment is established, and the duration of the ALP payments (see "Annual Lifetime Payment (ALP)" heading below). The covered person is the oldest contract owner. If any owner is a nonnatural person (e.g., an irrevocable trust or corporation) or a revocable trust, the covered person is the oldest annuitant. JOINT LIFE ONLY: COVERED SPOUSES: the contract owner and his or her legally married spouse as defined under federal law, as named on the application for as long as the marriage is valid and in effect. If any contract owner is a nonnatural person or a revocable trust, the covered spouses are the annuitant and the legally married spouse of the annuitant. The covered spouses lives are used to determine when the annual lifetime payment is established, and the duration of the ALP payments (see "Annual Lifetime Payment (ALP)" heading below). The covered spouses are established on the rider effective date and cannot be changed. ANNUAL LIFETIME PAYMENT (ALP): the lifetime benefit amount available each contract year after the covered person (JOINT LIFE: younger covered spouse) has reached age 50. When the ALP is established and at all times thereafter, the ALP is equal to the BB multiplied by the lifetime payment percentage. Anytime the lifetime payment percentage or BB changes as described below, the ALP will be recalculated. If you withdraw less than the ALP in a contract year, the unused portion does not carry over to future contract years. SINGLE LIFE: The ALP is established on the later of the rider effective date if the covered person has reached age 50, or the date the covered person's attained age equals age 50. JOINT LIFE: The ALP is established on the earliest of the following dates: - The rider effective date if the younger covered spouse has already reached age 50. - The date the younger covered spouse's attained age equals age 50. - Upon the first death of a covered spouse, then either: (a) the date we receive a written request when the death benefit is not payable and the surviving covered spouse has already reached age 50, (b) the date spousal continuation is effective when the death benefit is payable and the surviving covered spouse has already reached age 50, or (c) the date the surviving covered spouse reaches age 50. - Following dissolution of marriage of the covered spouses, then either (a) the date we receive a written request if the remaining covered spouse who is the owner (or annuitant in the case of nonnatural or revocable trust ownership) has already reached age 50, or (b) the date the remaining covered spouse who is the owner (or annuitant in the case of nonnatural or revocable trust ownership) reaches age 50. REMAINING ANNUAL LIFETIME PAYMENT (RALP): the annual lifetime payment guaranteed for withdrawal for the remainder of the contract year. The RALP is established at the same time as the ALP. The RALP equals the ALP less all withdrawals in the current contract year, but it will not be less than zero. LIFETIME PAYMENT PERCENTAGE: used to calculate the annual lifetime payment. For Age band: Single Life - 50-58, percentage is 4%. - 59-69, percentage is 5%. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 43 - 70-79, percentage is 5.5%. - 80 and older, percentage is 6%. Joint Life - 50-58, percentage is 3.5%. - 59-69, percentage is 4.5%. - 70-79, percentage is 5%. - 80 and older, percentage is 5.5%. The age band for the lifetime payment percentage is determined at the following times: - When the ALP is established: The age band for the lifetime payment percentage is the percentage for the covered person's attained age (JOINT LIFE: younger covered spouse's attained age). - On the covered person's subsequent birthdays (JOINT LIFE: younger covered spouses subsequent birthdays): Except as noted below, if the covered person's new attained age (JOINT LIFE: younger covered spouses attained age) is in a higher age band, then the higher age band will be used to determine the appropriate lifetime payment percentage. (However, if you decline any rider fee increase or if a withdrawal has been taken since the ALP was established, then the lifetime payment percentage will not change on subsequent birthdays.) - Upon annual step-ups. (see "Annual Step-Ups" below). - For the Joint life rider, upon death or change in marital status: In the event of death or dissolution of marriage: (A) If no withdrawal has been taken since the ALP was established and no rider fee increase has been declined, the lifetime payment percentage will be reset based on the Age Band for the remaining covered spouse's attained age. (B) If the ALP is not established but the remaining covered spouse has reached the youngest age in the first Age Band, the remaining covered spouse's attained age will be used to determine the age band for the lifetime payment percentage. In the event of remarriage of the covered spouses to each other, the lifetime payment percentage used is the percentage for the younger covered spouse's attained age. DETERMINATION OF ADJUSTMENTS OF BENEFIT VALUES: Your lifetime benefit values benefit base (BB), credit base (CB)) and principal back guarantee (PBG) are determined at the following times and are subject to a maximum amount of $10 million each: - On the contract date: The CB, BB and PBG are set equal to the initial purchase payment. When an additional purchase payment is made: If the CB is greater than zero, the CB will be increased by the amount of each additional purchase payment. The BB and PBG will be increased by the amount of each additional purchase payment. - When a withdrawal is taken: If the CB is greater than zero, the CB will be permanently reset to zero when the first withdrawal is taken, and there will be no additional rider credits. Whenever a withdrawal is taken: (a) if the ALP is established and the withdrawal is less than or equal to the RALP, the BB does not change and the PBG is reduced by the amount of the withdrawal, but it will not be less than zero. (b) if the ALP is not established, excess withdrawal processing will occur as follows. The BB will be reduced by the adjustment amount and the PBG will be reduced by the greater of the amount of the withdrawal or the adjustment amount but it will not be less than zero. The adjustment amount is calculated as follows: G X H ----- where: I
G = the amount the contract value is reduced by the withdrawal H = the BB or PBG (as applicable) on the date of (but prior to) the withdrawal I = the contract value on the date of (but prior to) the withdrawal. (c) If the ALP is established and the withdrawal is greater than the RALP, excess withdrawal processing will occur as follows: The PBG will be reset to the lesser of: (i) the PBG reduced by the amount of the withdrawal, but it will not be less than zero; or -------------------------------------------------------------------------------- 44 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS (ii) the PBG minus the RALP on the date of (but prior to) the withdrawal and further reduced by an amount calculated as follows, but it will not be less than zero: A X B ----- where: C
A = the amount of the withdrawal minus the RALP B = the PBG minus the RALP on the date of (but prior to) the withdrawal C = the contract value on the date of (but prior to) the withdrawal minus the RALP The BB will be reduced by an amount as calculated below: D X E ----- where: F
D = the amount of the withdrawal minus the RALP E = the BB on the date of (but prior to) the withdrawal F = the contract value on the date of (but prior to) the withdrawal minus the RALP. RIDER ANNIVERSARY PROCESSING: The following describes how the BB and PBG are calculated on rider anniversaries, subject to the maximum amount of $10 million for each, and how the lifetime payment percentage can change on rider anniversaries. - RIDER CREDITS: If you did not take any withdrawals (including not taking withdrawals before rider credits are available) and you did not decline any rider fee increase, rider credits are available for a ten year period as follows: - If the covered person (Joint life: younger covered spouse) is age 60 or older at issue, you will start receiving credits on the first contract anniversary. - If the covered person (Joint life: younger covered spouse) is younger than age 60 at issue, you will start receiving credits on the contract anniversary after the covered person (Joint life: younger covered spouse) reaches age 61. If the first rider credit is received on the first anniversary, the rider credit equals the credit base (CB) 180 days following the rider effective date multiplied by 8%. If the first rider credit is received on any other anniversary, the rider credit equals the CB as of the prior anniversary multiplied by 8%. On any subsequent rider credit dates, the rider credit equals the CB as of the prior anniversary multiplied by 6%. If the first rider credit is received on the first anniversary, the BB will be set to the greater of the current BB, or the BB 180 days following the contract date, increased by the rider credit and any additional purchase payments since 180 days following the rider effective date. For rider credits received on any other anniversary, the BB will be set to the greater of the current BB, or the BB on the prior anniversary increased by the rider credit and any additional purchase payments since the prior anniversary. If the CB is greater than zero, the CB will be permanently reset to zero on the last rider credit date, after any adjustment to the BB, and there will be no additional rider credits. ANNUAL STEP UPS: Beginning with the first rider anniversary, an annual step-up may be available. If you decline any annual rider fee increase, future annual step-ups will no longer be available. The annual step-up will be executed on any rider anniversary where the contract value is greater than the PBG or the BB after any rider credit is added. If an annual step-up is executed, the PBG, BB and lifetime payment percentage will be adjusted as follows: The PBG will be increased to the contract value, if the contract value is greater. The BB (after any rider credit is added) will be increased to the contract value, if the contract value is greater. If the covered person's attained age (Joint Life: younger covered spouses attained age) on the rider anniversary is in a higher age band and (1) there is an increase to BB due to a step-up or (2) the BB is at the maximum of $10,000,000 so there was no step-up of the BB, then the higher age band will be used to determine the appropriate lifetime payment percentage, regardless of any prior withdrawals. OTHER PROVISIONS REQUIRED MINIMUM DISTRIBUTIONS (RMD): If you are taking RMDs from your contract and your RMD calculated separately for your contract is greater than the remaining annual lifetime payment on the most recent contract anniversary, the portion of your RMD that exceeds the benefit amount will not be subject to excess withdrawal processing provided that the following conditions are met: - The annual lifetime payment is established; - The RMD is for your contract alone; - The RMD is based on your recalculated life expectancy taken from the Uniform Lifetime Table under the Code; and - The RMD amount is otherwise based on the requirements of section 401(a) (9), related Code provisions and regulations thereunder that were in effect on the contract date. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 45 RMD rules follow the calendar year which most likely does not coincide with your contract year and therefore may limit when you can take your RMD and not be subject to excess withdrawal processing. Any withdrawals taken before the annual lifetime payment is established or withdrawing amounts greater than the remaining annual lifetime payment that do not meet these conditions will result in excess withdrawal processing. See Appendix E for additional information. SPOUSAL OPTION TO CONTINUE THE CONTRACT UPON OWNER'S DEATH (SPOUSAL CONTINUATION): SINGLE LIFE: If a surviving spouse elects to continue the contract and continues the contract as the new owner under the spousal continuation provision of the contract, the SecureSource Stages NY -- Single Life rider terminates. JOINT LIFE: If a surviving spouse is a covered spouse and elects the spousal continuation provision of the contract as the new owner, the SecureSource Stages NY -- Joint Life rider also continues. The surviving covered spouse can name a new beneficiary; however, a new covered spouse cannot be added to the rider. Unless you decline a rider fee increase, a step-up may be available at the time of spousal continuation. All annual step-up rules (see "Rider Anniversary Processing -- Annual Step-Up" heading above) also apply to the spousal continuation step-up except that the RALP will be reduced for any prior withdrawals in that contract year. The spousal continuation step-up is processed on the valuation date spousal continuation is effective. RULES FOR SURRENDER: Minimum contract values following surrender no longer apply to your contract. For withdrawals, the withdrawal will be taken from all accounts and the variable subaccounts in the same proportion as your interest in each bears to the contract value. You cannot specify from which accounts the withdrawal is to be taken. If your contract value is reduced to zero, the CB, if greater than zero, will be permanently reset to zero, and there will be no additional rider credits. Also, the following will occur: - If the ALP is not established and if the contract value is reduced to zero as a result of fees or charges, then the owner must wait until the ALP would be established, and the ALP will be paid annually until the death of the covered person (JOINT LIFE: both covered spouses). - If the ALP is established and if the contract value is reduced to zero as a result of fees or charges, or as a result of a withdrawal that is less than or equal to the RALP, then the owner will receive the ALP paid annually until the death of the covered person (JOINT LIFE: both covered spouses). In either case above: - These annualized amounts will be paid in monthly installments. If the monthly payment is less than $100, We have the right to change the frequency, but no less frequently than annually. - We will no longer accept additional purchase payments. - No more charges will be collected for the rider. - The current ALP is fixed for as long as payments are made. - The death benefit becomes the remaining schedule of annual lifetime payments, if any, until total payments to the owner and the beneficiary are equal to the PBG at the time the contract value falls to zero. - The amount paid in the current contract year will be reduced for any prior withdrawals in that year. - If the ALP is not established and if the contract value is reduced to zero as a result of a withdrawal, this rider and the contract will terminate. - If the ALP is established and if the contract value is reduced to zero as a result of a withdrawal that is greater than the RALP, this rider and the contract will terminate. AT DEATH: SINGLE LIFE: If the contract is jointly owned and an owner dies when the contract value is greater than zero, the lifetime benefit for the covered person will cease even if the covered person is still living or if the contract is continued under the spousal continuation option. JOINT LIFE: If the death benefit becomes payable at the death of a covered spouse, the surviving covered spouse must utilize the spousal continuation option to continue the lifetime benefit. If spousal continuation is not available, the rider terminates. The lifetime benefit ends at the death of the surviving covered spouse. If the contract value is greater than zero when the death benefit becomes payable, the beneficiary may: - elect to take the death benefit under the terms of the contract, or - elect to take the principal back guarantee available under this rider, or - continue the contract and the SecureSource Stages NY -- Joint Life rider under the spousal continuation option. -------------------------------------------------------------------------------- 46 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS For single and joint life, if the beneficiary elects the principal back guarantee under this rider, the following will occur: - If the PBG is greater than zero and the ALP is established, the ALP on the date of death will be paid until total payments to the beneficiary are equal to the PBG on the date of death. - If the PBG is greater than zero and the ALP is not established, the BB on the date of death multiplied by the lifetime payment percentage used for the youngest age of the covered spouses in the first age band - will be paid annually until total payments to the beneficiary are equal to the PBG on the date of death. In either of the above cases: - After the date of death, there will be no additional rider credits or annual step-ups. - The amount paid in the current contract year will be reduced for any prior withdrawals in that year. On the date of death (JOINT LIFE: remaining covered spouse's date of death), if the CB is greater than zero, the CB will be permanently reset to zero, and there will be no additional rider credits. If the PBG equals zero, the benefit terminates. No further payments are made. CONTRACT OWNERSHIP CHANGES AND ASSIGNMENTS: SINGLE LIFE: The rider will terminate if there is an assignment or a change of ownership unless (1) the new owner or assignee assumes total ownership of the contract and is one of the original owners, the covered person, or a non-natural owner holding for the sole benefit of the original owner (e.g., an individual ownership changed to a personal revocable trust.), and (2) the covered person is the same after the ownership change. JOINT LIFE: The rider will terminate if there is an assignment or a change of ownership unless the new owner or assignee assumes total ownership of the contract and is one of the covered spouses, or a non-natural owner holding for the sole benefit of one or both covered spouses (e.g., an individual ownership changed to a personal revocable trust). If we waive our right to terminate the rider for any types of assignments or change of ownership other than as specified above, you will be notified in writing, signed by an officer of the company. ANNUITY PROVISIONS: If your annuitization start date is the maximum annuitization start date, you can choose one of the payout options available under the contract or an alternative fixed annuity payout option available under the SecureSource Stages NY rider. Under the rider's payout option, the minimum amount payable shown in Table B, will not apply and you will receive the annual lifetime payment provided by this rider until the later of the death of the covered person (JOINT LIFE: both covered spouses) or depletion of the principal back guarantee. If you choose to receive the ALP, the amount payable each year will be equal to the annual lifetime payment on the annuitization start date. The amount paid in the current contract year will be reduced for any prior withdrawals in that year. These annualized amounts will be paid in monthly installments. If the monthly payment is less than $100, we have the right to change the frequency, but no less frequently than annually. If you choose to receive the ALP rather than a payout option available under the contract, all other contract features, rider features and charges terminate after the annuitization start date except for the PBG. RIDER TERMINATION The SecureSource Stages NY rider cannot be terminated either by you or us except as follows: - The rider will terminate if there are certain changes of ownership. (See "Contract Ownership Changes and Assignments" above). - SINGLE LIFE: after the death benefit is payable, the rider will terminate. - SINGLE LIFE: spousal continuation will terminate the rider. - JOINT LIFE: After the death benefit is payable the rider will terminate if anyone other than a covered spouse continues the contract. However, if the covered spouse continues the contract as an inherited IRA or as a beneficiary of a participant in an employer sponsored retirement plan, the rider will terminate. - On the annuitization start date, the rider will terminate. - You may terminate the rider if your annual rider fee after any increase is more than 0.25 percentage points higher than your fee before the increase. (See "Charges -- SecureSource Stages NY rider fee"). - When the contract value is zero and either the annual lifetime payment is not established or a withdrawal in excess of the remaining annual lifetime payment is taken, the rider will terminate. - Termination of the contract for any reason will terminate the rider. For an example, see Appendix D. ACCUMULATION PROTECTOR BENEFIT RIDER The Accumulation Protector Benefit rider is an optional benefit that you may select for an additional charge. It is available for nonqualified annuities and qualified annuities. The Accumulation Protector Benefit rider specifies a waiting period that ends -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 47 on the benefit date. The Accumulation Protector Benefit rider provides a one- time adjustment to your contract value on the benefit date if your contract value is less than the Minimum Contract Accumulation Value (defined below) on that benefit date. On the benefit date, if the contract value is equal to or greater than the Minimum Contract Accumulation Value, as determined under the Accumulation Protector Benefit rider, the Accumulation Protector Benefit rider ends without value and no benefit is payable. If the contract value falls to zero as the result of adverse market performance or the deduction of fees and/or charges at any time during the waiting period and before the benefit date, the contract and all riders, including the Accumulation Protector Benefit rider will terminate without value and no benefits will be paid. EXCEPTION: if you are still living on the benefit date, we will pay you an amount equal to the Minimum Contract Accumulation Value as determined under the Accumulation Protector Benefit rider on the valuation date your contract value reached zero. If you are age 80 or younger at contract issue, you may elect the Accumulation Protector Benefit rider at the time you purchase your contract and the rider effective date will be the contract issue date. The Accumulation Protector Benefit rider may not be terminated once you have elected it except as described in the "Terminating the Rider" section below. An additional charge for the Accumulation Benefit rider will be assessed annually during the waiting period. The rider ends when the waiting period expires and no further benefit will be payable and no further charges for the rider will be deducted. After the waiting period, you have the following options: - Continue your contract; - Take partial surrenders or make a full surrender; or - Annuitize your contract. The Accumulation Protector Benefit rider may not be purchased with the optional SecureSource Stages NY rider. You should consider whether an Accumulation Protector Benefit rider is appropriate for you because: - you must participate in the PN program and you must elect one of the investment options. This requirement limits your choice of investments. This means you will not be able to allocate contract value to all of the subaccounts or the regular fixed account that are available under the contract to other contract owners who do not elect this rider. You may allocate qualifying purchase payments to the Special DCA fixed account, when available (see "The Special DCA Fixed Account"), and we will make monthly transfers into the investment option you have chosen. (See "Making the Most of Your Contract -- Portfolio Navigator Program."); - you may not make additional purchase payments to your contract during the waiting period after the first 180 days immediately following the effective date of the Accumulation Protector Benefit rider. Some exceptions apply. Additional purchase payments are limited to $100,000. (see "Additional Purchase Payments with Elective Step Up" below) If we waive any restrictions on additional purchase payments, you will be notified in writing signed by an officer of the company; - if you purchase this contract as a qualified annuity, for example, an IRA, you may need to take partial surrenders from your contract to satisfy the RMDs under the Code. Partial surrenders, including those used to satisfy RMDs, will reduce any potential benefit that the Accumulation Protector Benefit rider provides. You should consult your tax advisor if you have any questions about the use of this rider in your tax situation; - if you think you may surrender all of your contract value before you have held your contract with this benefit rider attached for 10 years, or you are considering selecting an annuity payout option within 10 years of the effective date of your contract, you should consider whether this optional benefit is right for you. You must hold the contract a minimum of 10 years from the effective date of the Accumulation Protector Benefit rider, which is the length of the waiting period under the Accumulation Protector Benefit rider, in order to receive the benefit, if any, provided by the Accumulation Protector Benefit rider. In some cases, as described below, you may need to hold the contract longer than 10 years in order to qualify for any benefit the Accumulation Protector Benefit rider may provide; - the 10 year waiting period under the Accumulation Protector Benefit rider will restart if you exercise the elective step-up option (described below) or your surviving spouse exercises the spousal continuation elective step-up (described below); and - the 10 year waiting period under the Accumulation Protector Benefit rider may be restarted if you elect to change your investment option to one that causes the Accumulation Protector Benefit rider fee to increase more than 0.20 percentage points whenever the remaining waiting period just prior to the change is less than three years. (see "Waiting Period" below). Be sure to discuss with your financial advisor whether an Accumulation Protector Benefit rider is appropriate for your situation. -------------------------------------------------------------------------------- 48 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS HERE ARE SOME GENERAL TERMS THAT ARE USED TO DESCRIBE THE OPERATION OF THE ACCUMULATION PROTECTOR BENEFIT: BENEFIT DATE: This is the first valuation date immediately following the expiration of the waiting period. MINIMUM CONTRACT ACCUMULATION VALUE (MCAV): An amount calculated under the Accumulation Protector Benefit rider. The contract value will be increased to equal the MCAV on the benefit date if the contract value on the benefit date is less than the MCAV on the benefit date. ADJUSTMENTS FOR PARTIAL SURRENDERS: The adjustment made for each partial surrender from the contract is equal to the amount derived from multiplying (a) and (b) where: (a) is 1 minus the ratio of the contract value on the date of (but immediately after) the partial surrender to the contract value on the date of (but immediately prior to) the partial surrender; and (b) is the MCAV on the date of (but immediately prior to) the partial surrender. WAITING PERIOD: The waiting period for the rider is 10 years. The waiting period can restart on the latest contract anniversary if you change your investment option, resulting in a rider fee increase of more than 0.20 percentage points, and the remaining waiting period before the change was less than three years. Your initial MCAV is equal to your initial purchase payment. It is increased by the amount of any subsequent purchase payments received within the first 180 days that the rider is effective. It is reduced by any adjustments for partial surrenders made during the waiting period. AUTOMATIC STEP UP On each contract anniversary after the effective date of the rider, the MCAV will be set to the greater of: 1. 80% of the contract value on the contract anniversary; or 2. the MCAV immediately prior to the automatic step up. The automatic step up does not create contract value, guarantee the performance of any investment option, or provide a benefit that can be surrendered or paid upon death. Rather, the automatic step up is an interim calculation used to arrive at the final MCAV, which is used to determine whether a benefit will be paid under the rider on the benefit date. The automatic step up of the MCAV does not restart the waiting period or increase the fee (although the total charge for the rider may increase). ELECTIVE STEP UP OPTION Within thirty days following each contract anniversary after the rider effective date, but prior to the benefit date, you may notify us in writing that you wish to exercise the annual elective step up option. You may exercise this elective step up option only once per contract year during this 30 day period. If your contract value on the valuation date we receive your written request to step up is greater than the MCAV on that date, your MCAV will increase to 100% of that contract value. We may increase the fee for your rider (see "Charges -- Accumulation Protector Benefit Rider Charge"). The revised fee would apply to your rider if you exercise the annual elective step up, your MCAV is increased as a result, and the revised fee is higher than your annual rider fee before the elective step up. Elective step ups will also result in a restart of the waiting period as of the most recent contract anniversary. The elective step up does not create contract value, guarantee the performance of any investment option or provide any benefit that can be surrendered or paid upon death. Rather the elective step up is an interim calculation used to arrive at the final MCAV, which is used to determine whether a benefit will be paid under the rider on the benefit date. The elective step up option is not available to non-spouse beneficiaries that continue the contract during the waiting period. ADDITIONAL PURCHASE PAYMENTS WITH ANNUAL ELECTIVE STEP UPS If your MCAV is increased as a result of elective step up, you have 180 days from the latest contract anniversary to make additional purchase payments, if allowed under the base contract. The MCAV will include the amount of any additional purchase payments received during this period. SPOUSAL CONTINUATION If a spouse chooses to continue the contract under the spousal continuation provision, the rider will continue as part of the contract. Once, within the thirty days following the date of spousal continuation, the spouse may choose to exercise an elective step up. The spousal continuation elective step up is in addition to the annual elective step up. If the contract value on the valuation date we receive the written request to exercise this option is greater than the MCAV on that date, we will increase -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 49 the MCAV to that contract value. If the MCAV is increased as a result of the elective step up and we have increased the fee for the Accumulation Protector Benefit rider, you will pay the fee that is in effect on the valuation date we receive their written request to step up for the entire contract year. In addition, the waiting period will restart as of the most recent contract anniversary. CHANGE OF OWNERSHIP OR ASSIGNMENT A change of ownership or assignment to an institutional investor, settlement company, or other non-natural owner who is not holding for the sole benefit of the original owner will terminate the rider. If we waive our right to terminate the rider for any type of assignments or ownership changes as specified above, you will be notified in writing, signed by an officer of the company. TERMINATING THE RIDER The rider will terminate under the following conditions: The rider will terminate before the benefit date without paying a benefit on the date: - you take a full surrender; - on the annuitization start date; or - the contract terminates as a result of the death benefit being paid; or - when a beneficiary elects an alternative payment plan which is an inherited IRA. The rider will terminate on the benefit date. For an example, see Appendix D. THE ANNUITY PAYOUT PERIOD As owner of the contract, you have the right to decide how and to whom annuity payouts will be made starting on the annuitization start date. You may select one of the annuity payout plans outlined below, or we may mutually agree on other payout arrangements. We do not deduct any surrender charges under the payout plans listed below except under annuity payout Plan E (See Charges -- Surrender charge under Annuity Payout Plan E"). You also decide whether we will make annuity payouts on a fixed or variable basis, or a combination of fixed and variable. The amount available to purchase payouts under the plan you select is the contract value on your annuitization start date, after any rider charges have been deducted (less any applicable premium tax). Additionally, we currently allow you to use part of the amount available to purchase payouts, leaving any remaining contract value to accumulate on a tax deferred basis. If you select a variable annuity payout, we reserve the right to limit the number of subaccounts in which you may invest. The Special DCA fixed account is not available during this payout period. AMOUNTS OF FIXED AND VARIABLE PAYOUTS DEPEND ON: - the annuity payout plan you select; - the annuitant's age and, in most cases, sex; - the annuity table in the contract; and - the amounts you allocated to the accounts on the annuitization start date. In addition, for variable payouts only, amounts depend on the investment performance of the subaccounts you select. These payouts will vary from month to month because the performance of the funds will fluctuate. Fixed payouts remain the same from month to month. For information with respect to transfers between accounts after annuity payouts begin, see "Making the Most of Your Contract -- Transfer policies." ANNUITY TABLES The annuity tables in your contract (Table A and Table B) show the amount of the monthly payout for each $1,000 of contract value according to the annuitant's age and, when applicable, the annuitant's sex. (Where required by law, we will use a unisex table of settlement rates.) Table A shows the amount of the first monthly variable payout assuming that the contract value is invested at the beginning of the annuity payout period and earns a 5% rate of return, which is reinvested and helps to support future payouts. If you ask us at least 30 days before the annuitization start date, we will substitute an annuity table based on an assumed 3.5% investment return for the 5% Table A in the contract. The assumed investment return affects both the amount of the first payout and the extent to which subsequent payouts increase or decrease. For example, annuity payouts will increase if the investment return is -------------------------------------------------------------------------------- 50 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS above the assumed investment return and payouts will decrease if the return is below the assumed investment return. Using the 5% assumed interest return results in a higher initial payout, but later payouts will increase more slowly when annuity unit values rise and decrease more rapidly when they decline. Table B shows the minimum amount of each fixed payout. We declare current payout rates that we use in determining the actual amount of your fixed annuity payout. The current payout rates will equal or exceed the guaranteed payout rates shown in Table B. We will furnish these rates to you upon request. ANNUITY PAYOUT PLANS You may choose any one of these annuity payout plans by giving us written instructions at least 30 days the annuitization start date: - PLAN A: LIFE ANNUITY -- NO REFUND: We make monthly payouts until the annuitant's death. Payouts end with the last payout before the annuitant's death. We will not make any further payouts. This means that if the annuitant dies after we made only one monthly payout, we will not make any more payouts. - PLAN B: LIFE ANNUITY WITH FIVE, TEN, 15 OR 20 YEARS CERTAIN: We make monthly payouts for a guaranteed payout period of five, ten, 15 or 20 years that you elect. This election will determine the length of the payout period to the beneficiary if the annuitant should die before the elected period expires. We calculate the guaranteed payout period from the annuitization start date. If the annuitant outlives the elected guaranteed payout period, we will continue to make payouts until the annuitant's death. - PLAN C: LIFE ANNUITY -- INSTALLMENT REFUND: We make monthly payouts until the annuitant's death, with our guarantee that payouts will continue for some period of time. We will make payouts for at least the number of months determined by dividing the amount applied under this option by the first monthly payout, whether or not the annuitant is living. - PLAN D: JOINT AND LAST SURVIVOR LIFE ANNUITY -- NO REFUND: We make monthly payouts while both the annuitant and a joint annuitant are living. If either annuitant dies, we will continue to make monthly payouts at the full amount until the death of the surviving annuitant. Payouts end with the death of the second annuitant. - PLAN E: PAYOUTS FOR A SPECIFIED PERIOD: We make monthly payouts for a specific payout period of ten to 30 years that you elect. We will make payouts only for the number of years specified whether the annuitant is living or not. Depending on the selected time period, it is foreseeable that the annuitant can outlive the payout period selected. During the payout period, you can elect to have us determine the present value of any remaining variable payouts and pay it to you in a lump sum. We determine the present value of the remaining annuity payouts which are assumed to remain level at the amount of the payout that would have been made 7 days prior to the date we determine the present value. The discount rate we use in the calculation is 5.17% for the assumed investment return of 3.5% and 6.67% for the assumed investment return of 5% (See "Charges -- Surrender charge under Annuity Payout Plan E.") You can also take a portion of the discounted value once a year. If you do so, your monthly payouts will be reduced by the proportion of your surrender to the full discounted value. A 10% IRS penalty tax could apply if you take surrender. (See "Taxes.") ANNUITY PAYOUT PLAN REQUIREMENTS FOR QUALIFIED ANNUITIES: If your contract is a qualified annuity, you have the responsibility for electing a payout plan under your contract that complies with applicable law. Your contract describes your payout plan options. The options will meet certain IRS regulations governing RMDs if the payout plan meets the incidental distribution benefit requirements, if any, and the payouts are made: - in equal or substantially equal payments over a period not longer than your life expectancy or over the joint life expectancy of you and your designated beneficiary; or - over a period certain not longer than your life expectancy or over the joint life expectancy of you and your designated beneficiary. For qualified and nonqualified contracts with the SecureSource Stages NY rider, if your annuitization start date is the maximum annuitization start date, you can choose one of the payout options available under the contract or an alternative fixed annuity payout option available under the rider. Under the rider's payout option, the minimum amount payable shown in Table B will not apply, and you will receive the ALP provided by this rider until the later of the death of covered person (JOINT LIFE: both covered spouses) or depletion of the PBG. If you choose to receive the ALP, the amount payable each year will be equal to the ALP on the annuitization start date. The amount paid in the current contract year will be reduced for any prior withdrawals in that year. These annualized amounts will be paid in monthly installments. If the monthly payment is less than $100, we have the right to change the frequency, but no less frequently than annually. If you choose to receive the ALP rather than a payout option available under the contract, all other contract features, rider features and charges terminate after the annuitization start date except for the principal back guarantee. You must select a payout plan as of the annuitization start date set forth in your contract. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 51 IF WE DO NOT RECEIVE INSTRUCTIONS: You must give us written instructions for the annuity payouts at least 30 days before the annuitization start date. If you do not, we will make payouts under Plan B, with 120 monthly payments guaranteed. IF MONTHLY PAYOUTS WOULD BE LESS THAN $20: We will calculate the amount of monthly payouts at the time the amounts are applied to a payout plan. If the calculations show that monthly payouts would be less than $20, we have the right to pay the amount that would otherwise have been applied to a plan, to the owner in a lump sum. DEATH AFTER ANNUITY PAYOUTS BEGIN: If you die after annuity payouts begin, we will pay any amount payable to the beneficiary as provided in the annuity payout plan in effect. TAXES Under current law, your contract has a tax-deferral feature. Generally, this means you do not pay income tax until there is a taxable distribution (or deemed distribution) from the contract. We will send a tax information reporting form for any year in which we made a taxable or reportable distribution according to our records. NONQUALIFIED ANNUITIES Generally, only the increase in the value of a non-qualified annuity contract over the investment in the contract is taxable. Certain exceptions apply. Federal tax law requires that all nonqualified deferred annuity contracts issued by the same company (and possibly its affiliates) to the same owner during a calendar year be taxed as a single, unified contract when distributions are taken from any one of those contracts. ANNUITY PAYOUTS: Generally, unlike surrenders described below, the taxation of annuity payouts is subject to exclusion ratios, i.e. a portion of each payout will be ordinary income and subject to tax, and a portion of each payout will be considered a return of part of your investment in the contract and will not be taxed. All amounts you receive after your investment in the contract is fully recovered will be subject to tax. Under Annuity Payout Plan A: Life annuity -- no refund, where the annuitant dies before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the owner for the last taxable year. Under all other annuity payout plans, where the annuity payouts end before your investment in the contract is fully recovered, the remaining portion of the unrecovered investment may be available as a federal income tax deduction to the taxpayer for the tax year in which the payouts end. (See "The Annuity Payout Period -- Annuity Payout Plans.") Beginning in 2011, federal tax law permits taxpayers to annuitize a portion of their nonqualified annuity while leaving the remaining balance to continue to grow tax-deferred. Under the new partial annuitization rules, the portion annuitized must be received as an annuity for a period of 10 years or more, or for the lives of one or more individuals. If this requirement is met, the annuitized portion and the tax-deferred balance will generally be treated as two separate contracts for income tax purposes only. If a contract is partially annuitized, the investment in the contract is allocated between the deferred and the annuitized portions on a pro rata basis. SURRENDERS: Generally, if you surrender all or part of your nonqualified annuity before the annuitization start date, including surrenders under any optional withdrawal benefit rider, your surrender will be taxed to the extent that the contract value immediately before the surrender exceeds the investment in the contract. Different rules may apply if you exchange another contract into this contract. You also may have to pay a 10% IRS penalty for surrenders of taxable income you make before reaching age 59 1/2 unless certain exceptions apply. WITHHOLDING: If you receive taxable income as a result of an annuity payout or surrender, including surrenders under any optional withdrawal benefit rider, we may deduct federal, and in some cases state withholding against the payment. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, and you have a valid U.S. address, you may be able to elect not to have any withholding occur. If the payment is part of an annuity payout plan, we generally compute the amount of withholding using payroll tables. You may provide us with a statement of how many exemptions to use in calculating the withholding. If the distribution is any other type of payment (such as partial or full surrender) we compute withholding using 10% of the taxable portion. The withholding requirements differ if we deliver payment outside the United States and/or you are a non-resident alien. Some states also may impose withholding requirements similar to the federal withholding described above. If this should be the case, we may deduct state withholding from the payment. DEATH BENEFITS TO BENEFICIARIES: The death benefit under a nonqualified contract is not exempt from estate (federal or state) or income taxes. In addition, any amount your beneficiary receives that exceeds the investment in the contract is taxable as -------------------------------------------------------------------------------- 52 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS ordinary income to the beneficiary in the year he or she receives the payments. (See "Benefits in Case of Death -- If You Die Before the Annuitization Start Date"). ANNUITIES OWNED BY CORPORATIONS, PARTNERSHIPS OR IRREVOCABLE TRUSTS: For nonqualified annuities, any annual increase in the value of annuities held by such entities (nonnatural persons) generally will be treated as ordinary income received during that year. However, if the trust was set up for the benefit of a natural person only, the income will generally remain tax-deferred. PENALTIES: If you receive amounts from your nonqualified annuity before reaching age 59 1/2, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty will not apply to any amount received: - because of your death or in the event of the nonnatural ownership, the death of the annuitant; - because you become disabled (as defined in the Code); - if the distribution is part of a series of substantially equal periodic payments, made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary); - if it is allocable to an investment before Aug. 14, 1982; or - if annuity payouts are made under immediate annuities as defined by the Code. TRANSFER OF OWNERSHIP: Generally, if you transfer ownership of a nonqualified annuity without receiving adequate consideration, the transfer may be treated as surrender for federal income tax purposes. If the transfer is a currently taxable event for income tax purposes, the original owner will be taxed on the amount of deferred earnings at the time of the transfer and also may be subject to the 10% IRS penalty discussed earlier. In this case, the new owner's investment in the contract will be the value of the contract at the time of the transfer. In general, this rule does not apply to transfers between spouses or former spouses. Please consult your tax advisor for further details. 1035 EXCHANGES: Section 1035 of the Code permits nontaxable exchanges of certain insurance policies, endowment contracts, annuity contracts and qualified long- term care insurance products, while providing for continued tax deferral of earnings. In addition, Section 1035 permits the carryover of the cost basis from the old policy or contract to the new policy or contract. A 1035 exchange is a transfer from one policy or contract to another policy or contract. The following are nontaxable exchanges: (1) the exchange of a life insurance policy for another life insurance policy or for an endowment, annuity or qualified long-term care insurance contract, (2) the exchange of an endowment contract for an annuity or qualified long-term care insurance contract, or for an endowment contract under which payments will begin no later than payments would have begun under the contract exchanged, (3) the exchange of an annuity contract for another annuity contract or for a qualified long-term care insurance contract, and (4) the exchange of a qualified long-term care insurance contract for a or qualified long-term care insurance contract. However, if the life insurance policy has an outstanding loan, there are may be tax consequences. Depending on the issue date of your original policy or contract, there may be tax or other benefits that are given up to gain the benefits of the new policy or contract. Consider whether the features and benefits of the new policy or contract outweigh any tax or other benefits of the old contract. For a partial exchange of an annuity contract for another annuity contract, the 1035 exchange is generally tax-free. The investment in the original contract and the earnings on the contract will be allocated proportionately between the original and new contracts. However, IRS Revenue Procedure 2008-24 states if withdrawals are taken from either contract within a 12 month period following a partial exchange, the 1035 exchange may be invalidated. In that case, the following will occur 1) the tax-free nature of the partial exchange can be lost, 2) the exchange will be retroactively treated as a taxable surrender on the lesser of the earnings in the original contract or the amount exchanged and 3) the entire amount of the exchange will be treated as a purchase into the second contract. You may receive an amended Form 1099-R reporting an invalidated exchange. (If certain life events occur between the date of the partial exchange and the date of the withdrawal in the first 12 months, the partial exchange could remain valid.) You should consult your tax advisor before taking any surrender from either contract. ASSIGNMENT: If you assign or pledge your contract as collateral for a loan, earnings on purchase payments you made after Aug. 13, 1982 will be taxed as a deemed distribution and you may have to pay a 10% IRS penalty. QUALIFIED ANNUITIES Adverse tax consequences may result if you do not ensure that contributions, distributions and other transactions under the contract comply with the law. Qualified annuities have minimum distribution rules that govern the timing and amount of distributions. You should refer to your retirement plan's Summary Plan Description, your IRA disclosure statement, or consult a tax advisor for additional information about the distribution rules applicable to your situation. When you use your contract to fund a retirement plan or IRA that is already tax- deferred under the Code, the contract will not provide any necessary or additional tax deferral. If your contract is used to fund an employer sponsored plan, your right to benefits may be subject to the terms and conditions of the plan regardless of the terms of the contract. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 53 ANNUITY PAYOUTS: Under a qualified annuity, except a Roth IRA, the entire payout generally is includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non-deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars. ANNUITY PAYOUTS FROM ROTH IRAS: In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59 1/2 and meet the five year holding period. SURRENDERS: Under a qualified annuity, except a Roth IRA, the entire surrender will generally be includable as ordinary income and is subject to tax unless: (1) the contract is an IRA to which you made non-deductible contributions; or (2) you rolled after-tax dollars from a retirement plan into your IRA; or (3) the contract is used to fund a retirement plan and you or your employer have contributed after-tax dollars. SURRENDERS FROM ROTH IRAS: In general, the entire payout from a Roth IRA can be free from income and penalty taxes if you have attained age 59 1/2 and meet the five year holding period. REQUIRED MINIMUM DISTRIBUTIONS: Retirement plans (except for Roth IRAs) are subject to required surrenders called required minimum distributions ("RMDs") beginning at age 70 1/2. RMDs are based on the fair market value of your contract at year-end divided by the life expectancy factor. Certain death benefits and optional riders may be considered in determining the fair market value of your contract for RMD purposes. This may cause your RMD to be higher. You should consult your tax advisor prior to making a purchase for an explanation of the potential tax implications to you. Inherited IRAs (including inherited Roth IRASs) are subject to special required minimum distribution rules. WITHHOLDING FOR IRAS, ROTH IRAS AND SEPS: If you receive taxable income as a result of an annuity payout or a surrender, including surrenders under any optional withdrawal benefit rider, we may deduct withholding against the payment. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. As long as you have provided us with a valid Social Security Number or Taxpayer Identification Number, you can elect not to have any withholding occur. If the payment is part of an annuity payout plan, we generally compute the amount of withholding using payroll tables. You may provide us with a statement of how many exemptions to use in calculating the withholding. If the distribution is any other type of payment (such as a partial or full surrender) we compute withholding using 10% of the taxable portion. The withholding requirements differ if we deliver payment outside the United States and/or you are a non-resident alien. Some states also may impose withholding requirements similar to the federal withholding described above. If this should be the case, we may deduct state withholding from the payment. WITHHOLDING FOR ALL OTHER QUALIFIED ANNUITIES: If you receive directly all or part of the contract value from a qualified annuity, mandatory 20% federal income tax withholding (and possibly state income tax withholding) generally will be imposed at the time the payout is made from the plan. Any withholding represents a prepayment of your tax due for the year. You take credit for these amounts on your annual income tax return. This mandatory withholding will not be imposed if instead of receiving the distribution check, you elect to have the distribution rolled over directly to an IRA or another eligible plan. Payments made to a surviving spouse instead of being directly rolled over to an IRA are also subject to mandatory 20% income tax withholding. In the below situations, the distribution is subject to an optional 10% withholding instead of the mandatory 20% withholding. We will withhold 10% of the distribution amount unless you elect otherwise. - the payout is one in a series of substantially equal periodic payouts, made at least annually, over your life or life expectancy (or the joint lives or life expectancies of you and your designated beneficiary) or over a specified period of 10 years or more; - the payout is a RMD as defined under the Code; - the payout is made on account of an eligible hardship; or - the payout is a corrective distribution. State withholding also may be imposed on taxable distributions. PENALTIES: If you receive amounts from your qualified contract before reaching age 59 1/2, you may have to pay a 10% IRS penalty on the amount includable in your ordinary income. However, this penalty generally will not apply to any amount received: - because of your death; - because you become disabled (as defined in the Code); -------------------------------------------------------------------------------- 54 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS - if the distribution is part of a series of substantially equal periodic payments made at least annually, over your life or life expectancy (or joint lives or life expectancies of you and your beneficiary); - if the distribution is made following severance from employment during the calendar year in which you attain age 55 (TSAs and annuities funding 401(a) plans only); - to pay certain medical or education expenses (IRAs only); or - if the distribution is made from an inherited IRA. DEATH BENEFITS TO BENEFICIARIES: The entire death benefit generally is taxable as ordinary income to the beneficiary in the year he/she receives the payments from the qualified annuity. If you made non-deductible contributions to a traditional IRA, the portion of any distribution from the contract that represents after-tax contributions is not taxable as ordinary income to your beneficiary. You are responsible for keeping all records tracking your non- deductible contributions to an IRA. Death benefits under a Roth IRA generally are not taxable as ordinary income to the beneficiary if certain distribution requirements are met. (See also "Benefits in Case of Death -- If You Die Before the Annuitization Start Date"). ASSIGNMENT: You may not assign or pledge your qualified contract as collateral for a loan. OTHER SPECIAL CONSIDERATIONS IF YOU SELECT ANY OPTIONAL RIDER: As of the date of this prospectus, we believe that charges related to these riders are not subject to current taxation. Therefore, we will not report these charges as partial surrenders from your contract. However, the IRS may determine that these charges should be treated as partial surrenders subject to taxation to the extent of any gain as well as the 10% tax penalty for surrenders before the age of 59 1/2, if applicable. We reserve the right to report charges for these riders as partial surrenders if we, as a withholding and reporting agent, believe that we are required to report them. In addition, we will report any benefits attributable to these riders on your death as an annuity death benefit distribution, not as proceeds from life insurance. IMPORTANT: Our discussion of federal tax laws is based upon our understanding of current interpretations of these laws. Federal tax laws or current interpretations of them may change. For this reason and because tax consequences are complex and highly individual and cannot always be anticipated, you should consult a tax advisor if you have any questions about taxation of your contract. RIVERSOURCE LIFE OF NY'S TAX STATUS: We are taxed as a life insurance company under the Code. For federal income tax purposes, the subaccounts are considered a part of our company, although their operations are treated separately in accounting and financial statements. Investment income is reinvested in the fund in which each subaccount invests and becomes part of that subaccount's value. This investment income, including realized capital gains, is not subject to any withholding because of federal or income state taxes. We reserve the right to make such a charge in the future if there is a change in the tax treatment of variable annuities or in our tax status as we then understand it. TAX QUALIFICATION: We intend that the contract qualify as an annuity for federal income tax purposes. To that end, the provisions of the contract are to be interpreted to ensure or maintain such tax qualification, in spite of any other provisions of the contract. We reserve the right to amend the contract to reflect any clarifications that may be needed or are appropriate to maintain such qualification or to conform the contract to any applicable changes in the tax qualification requirements. We will send you a copy of any amendments. VOTING RIGHTS As a contract owner with investments in the subaccounts, you may vote on important fund policies until annuity payouts begin. Once they begin, the person receiving them has voting rights. We will vote fund shares according to the instructions of the person with voting rights. Before annuity payouts begin, the number of votes you have is determined by applying your percentage interest in each subaccount to the total number of votes allowed to the subaccount. After annuity payouts begin, the number of votes you have is equal to: - the reserve held in each subaccount for your contract; divided by - the net asset value of one share of the applicable fund. As we make annuity payouts, the reserve for the contract decreases; therefore, the number of votes also will decrease. We calculate votes separately for each subaccount. We will send notice of shareholders' meetings, proxy materials and a statement of the number of votes to which the voter is entitled. We will vote shares for which we have not received instructions in the same proportion as the votes for which we received instructions. We also will vote the shares for which we have voting rights in the same proportion as the votes for which we received instructions. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 55 SUBSTITUTION OF INVESTMENTS We may substitute the funds in which the subaccounts invest if: - laws or regulations change; - the existing funds become unavailable; or - in our judgment, the funds no longer are suitable (or no longer the most suitable) for the subaccounts. If any of these situations occur, and if we believe it is in the best interest of persons having voting rights under the contract, we have the right to substitute a fund currently listed in this prospectus (existing fund) for another fund (new fund). The new fund may have higher fees and/or operating expenses than the existing fund. Also, the new fund may have investment objectives and policies and/or investment advisers which differ from the existing fund. We may also: - add new subaccounts; - combine any two or more subaccounts; - transfer assets to and from the subaccounts or the variable account; and - eliminate or close any subaccounts. We will notify you of any substitution or change. If we notify you that a subaccount will be eliminated or closed, you will have a certain period of time to tell us where to reallocate purchase payments or contract value currently allocated to that subaccount. If we do not receive your reallocation instructions by the due date, we automatically will reallocate to the subaccount investing in the Columbia Variable Portfolio -- Cash Management Fund. You may then transfer this reallocated amount in accordance with the transfer provisions of your contract (see "Transferring Between Accounts" above). In the event of substitution or any of these changes, we may amend the contract and take whatever action is necessary and appropriate without your consent or approval. However, we will not make any substitution or change without the necessary approval of the SEC and state insurance departments. ABOUT THE SERVICE PROVIDERS PRINCIPAL UNDERWRITER RiverSource Distributors, Inc. (RiverSource Distributors), our affiliate, serves as the principal underwriter and general distributor of the contract. Its offices are located at 70100 Ameriprise Financial Center, Minneapolis, MN 55474. RiverSource Distributors is a wholly-owned subsidiary of Ameriprise Financial, Inc. SALES OF THE CONTRACT - Only securities broker-dealers ("selling firms") registered with the SEC and members of the FINRA may sell the contract. - The contracts are continuously offered to the public through authorized selling firms. We and RiverSource Distributors have a sales agreement with the selling firm. The sales agreement authorizes the selling firm to offer the contracts to the public. RiverSource Distributors pays the selling firm (or an affiliated insurance agency) for contracts its financial advisors sell. The selling firm may be required to return sales commissions under certain circumstances including but not limited to when contracts are returned under the free look period. PAYMENTS TO SELLING FIRMS - We may use compensation plans which vary by selling firm. For example, some of these plans pay selling firms a commission of up to 7.50% each time you make a purchase payment. We may also pay ongoing trail commissions of up to 1.25% of the contract value. We do not pay or withhold payment of commissions based on which investment options you select. - We may pay selling firms a temporary additional sales commission of up to 1% of purchase payments for a period of time we select. For example, we may offer to pay a temporary additional sales commission to get selling firms to market a new or enhanced contract or to increase sales during the period. - In addition to commissions, we may, in order to promote sales of the contracts, and as permitted by applicable laws and regulations, pay or provide selling firms with other promotional incentives in cash, credit or other compensation. We generally (but may not) offer these promotional incentives to all selling firms. The terms of such arrangements differ between selling firms. These promotional incentives may include but are not limited to: - sponsorship of marketing, educational, due diligence and compliance meetings and conferences we or the selling firm may conduct for financial advisors, including subsidy of travel, meal, lodging, entertainment and other expenses related to these meetings; -------------------------------------------------------------------------------- 56 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS - marketing support related to sales of the contract including for example, the creation of marketing materials, advertising and newsletters; - providing service to contract owners; and - funding other events sponsored by a selling firm that may encourage the selling firm's sales representatives to sell the contract. These promotional incentives or reimbursements may be calculated as a percentage of the selling firm's aggregate, net or anticipated sales and/or total assets attributable to sales of the contract, and/or may be a fixed dollar amount. As noted below this additional compensation may cause the selling firm and its financial advisors to favor the contracts. SOURCES OF PAYMENTS TO SELLING FIRMS We pay the commissions and other compensation described above from our assets. Our assets may include: - revenues we receive from fees and expenses that you will pay when buying, owning and surrendering the contract (see "Expense Summary"); - compensation we or an affiliate receive from the underlying funds in the form of distribution and services fees (see "The Variable Account and the Funds -- The funds"); - compensation we or an affiliate receive from a fund's investment adviser, subadviser, distributor or an affiliate of any of these (see "The Variable Account and the Funds -- The funds"); and - revenues we receive from other contracts and policies we sell that are not securities and other businesses we conduct. You do not directly pay the commissions and other compensation described above as the result of a specific charge or deduction under the contract. However, you may pay part or all of the commissions and other compensation described above indirectly through: - fees and expenses we collect from contract owners, including surrender charges; and - fees and expenses charged by the underlying funds in which the subaccounts you select invest, to the extent we or one of our affiliates receive revenue from the funds or an affiliated person. POTENTIAL CONFLICTS OF INTEREST Compensation payment arrangements with selling firms can potentially: - give selling firms a heightened financial incentive to sell the contract offered in this prospectus over another investment with lower compensation to the selling firm. - cause selling firms to encourage their financial advisors to sell you the contract offered in this prospectus instead of selling you other alternative investments that may result in lower compensation to the selling firm. - cause selling firms to grant us access to its financial advisors to promote sales of the contract offered in this prospectus, while denying that access to other firms offering similar contracts or other alternative investments which may pay lower compensation to the selling firm. PAYMENTS TO FINANCIAL ADVISORS - The selling firm pays its financial advisors. The selling firm decides the compensation and benefits it will pay its financial advisors. - To inform yourself of any potential conflicts of interest, ask your financial advisor before you buy how the selling firm and its financial advisors are being compensated and the amount of the compensation that each will receive if you buy the contract. ISSUER We issue the contracts. We are a stock life insurance company organized in 1972 under the laws of the state of New York and are located at 20 Madison Avenue Extension, Albany, New York 12203. Our mailing address is P.O. Box 5144, Albany, New York 12205. We are a wholly-owned subsidiary of RiverSource Life Insurance Company, which is a wholly-owned subsidiary of Ameriprise Financial, Inc. We conduct a conventional life insurance business. Our primary products currently include fixed and variable annuity contracts and life insurance policies. LEGAL PROCEEDINGS Life insurance companies have been the subject of increasing regulatory, legislative and judicial scrutiny. Numerous state and federal regulatory agencies have commenced examinations and other inquiries of insurance companies regarding sales and marketing practices (including sales to older consumers and disclosure practices), compensation arrangements and anticompetitive activities. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 57 RiverSource Life of NY is involved in the normal course of business in a number of other legal, arbitration and regulatory proceedings concerning matters arising in connection with the conduct of its business activities. RiverSource Life of NY believes that it is not a party to, nor are any of its properties the subject of, any pending legal, arbitration or regulatory proceedings that would have a material adverse effect on its financial condition, results of operations or liquidity. However, it is possible that the outcome of any such proceedings could have a material adverse impact on results of operations in any particular reporting period as the proceedings are resolved. -------------------------------------------------------------------------------- 58 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS APPENDIX A: THE FUNDS UNLESS THE PN PROGRAM IS IN EFFECT, YOU MAY ALLOCATE PURCHASE PAYMENTS AND TRANSFERS TO ANY OR ALL OF THE SUBACCOUNTS OF THE VARIABLE ACCOUNT THAT INVEST IN SHARES OF THE FOLLOWING FUNDS:
---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- AllianceBernstein Seeks long-term growth of capital. AllianceBernstein L.P. VPS Large Cap Growth Portfolio (Class B) ---------------------------------------------------------------------------------------- American Century Seeks long-term capital growth. Income is a American Century VP Value, Class secondary objective. Investment Management, II Inc. ---------------------------------------------------------------------------------------- Columbia Variable Seeks maximum total investment return Columbia Management Portfolio - Bala- through a combination of capital growth and Investment Advisers, LLC nced Fund (Class current income. 3) (previously RiverSource Variable Portfolio - Bala- nced Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks maximum current income consistent Columbia Management Portfolio - Cash with liquidity and stability of principal. Investment Advisers, LLC Management Fund (Class 2) (previously RiverSource Variable Portfolio - Cash Management Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income while Columbia Management Portfolio - Dive- attempting to conserve the value of the Investment Advisers, LLC rsified Bond Fund investment for the longest period of time. (Class 2) (previously RiverSource Variable Portfolio - Dive- rsified Bond Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income and, as Columbia Management Portfolio - Dive- a secondary goal, steady growth of capital. Investment Advisers, LLC rsified Equity Income Fund (Class 2) (previously RiverSource Variable Portfolio - Dive- rsified Equity Income Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks capital appreciation. Columbia Management Portfolio - Dyna- Investment Advisers, LLC mic Equity Fund (Class 2) (previously RiverSource Variable Portfolio - Dyna- mic Equity Fund (Class 2)) ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Emer- Investment Advisers, ging Markets LLC, adviser; Opportunity Fund Threadneedle (Class 2) International Limited, (previously an indirect wholly-owned Threadneedle subsidiary of Ameriprise Variable Financial, sub-adviser. Portfolio - Emer- ging Markets Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Non-diversified fund that seeks high total Columbia Management Portfolio - Glob- return through income and growth of Investment Advisers, LLC al Bond Fund capital. (Class 2) (previously RiverSource Variable Portfolio - Glob- al Bond Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Non-diversified fund that seeks total Columbia Management Portfolio - Glob- return that exceeds the rate of inflation Investment Advisers, LLC al Inflation over the long term. Protected Securities Fund (Class 2) (previously RiverSource Variable Portfolio - Glob- al Inflation Protected Securities Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks total return, consisting of a high Columbia Management Portfolio - High level of income and capital appreciation. Investment Advisers, LLC Income Fund, Class 2 (previously Columbia High Yield Fund, Variable Series, Class B)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high current income, with capital Columbia Management Portfolio - High growth as a secondary objective. Investment Advisers, LLC Yield Bond Fund (Class 2) (previously RiverSource Variable Portfolio - High Yield Bond Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high total return through current Columbia Management Portfolio - Inco- income and capital appreciation. Investment Advisers, LLC me Opportunities Fund (Class 2) (previously RiverSource Variable Portfolio - Inco- me Opportunities Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks capital appreciation. Columbia Management Portfolio - In- Investment Advisers, ternational LLC, adviser; Opportunity Fund Threadneedle (Class 2) International Limited, (previously an indirect wholly-owned Threadneedle subsidiary of Ameriprise Variable Financial, sub-adviser. Portfolio - In- ternational Opportunity Fund (Class 2)) ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Large Investment Advisers, LLC Cap Growth Fund (Class 2) (previously Seligman Variable Portfolio - Grow- th Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks level of current income consistent Columbia Management Portfolio - Limi- with preservation of capital. Investment Advisers, LLC ted Duration Credit Fund (Class 2) (previously RiverSource Variable Portfolio - Limi- ted Duration Bond Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Mars- Investment Advisers, ico International LLC, adviser; Marsico Opportunities Capital Management, LLC, Fund, Class 2 subadviser. (previously Columbia Marsico International Opportunities Fund, Variable Series, Class B)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks growth of capital. Columbia Management Portfolio - Mid Investment Advisers, LLC Cap Growth Opportunity Fund (Class 2) (previously RiverSource Variable Portfolio - Mid Cap Growth Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Mid Investment Advisers, LLC Cap Value Opportunity Fund (Class 2) (previously RiverSource Variable Portfolio - Mid Cap Value Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital appreciation. Columbia Management Portfolio - S&P Investment Advisers, LLC 500 Index Fund (Class 3) (previously RiverSource Variable Portfolio - S&P 500 Index Fund (Class 3)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term growth of capital. Columbia Management Portfolio - Sele- Investment Advisers, LLC ct Large-Cap Value Fund (Class 2) (previously Seligman Variable Portfolio - Larg- er-Cap Value Fund (Class 2)) ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Columbia Variable Seeks long-term capital growth. Columbia Management Portfolio - Sele- Investment Advisers, LLC ct Smaller-Cap Value Fund (Class 2) (previously Seligman Variable Portfolio - Smal- ler-Cap Value Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income and Columbia Management Portfolio - Short safety of principal consistent with Investment Advisers, LLC Duration U.S. investment in U.S. government and Government Fund government agency securities. (Class 2) (previously RiverSource Variable Portfolio - Short Duration U.S. Government Fund (Class 2)) ---------------------------------------------------------------------------------------- Columbia Variable Seeks high level of current income and Columbia Management Portfolio - Stra- capital growth as a secondary objective. Investment Advisers, LLC tegic Income Fund, Class 2 (previously Columbia Strategic Income Fund, Variable Series, Class B) ---------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks long-term capital appreciation. Fidelity Management & Contrafund(R) Normally invests primarily in common Research Company (FMR) Portfolio Service stocks. Invests in securities of companies is the fund's manager. Class 2 whose value it believes is not fully Fidelity Investments recognized by the public. Invests in either Money Management, Inc. "growth" stocks or "value" stocks or both. (FIMM) and other The fund invests in domestic and foreign affiliates of FMR serve issuers. as sub-advisers for the fund. ---------------------------------------------------------------------------------------- Fidelity(R) VIP Seeks long-term growth of capital. Normally FMR is the fund's Mid Cap Portfolio invests primarily in common stocks. manager. FIMM and other Service Class 2 Normally invests at least 80% of assets in affiliates of FMR serve securities of companies with medium market as sub-advisers for the capitalizations. May invest in companies fund. with smaller or larger market capitalizations. Invests in domestic and foreign issuers. The Fund invests in either "growth" or "value" common stocks or both. ---------------------------------------------------------------------------------------- FTVIPT Franklin Seeks long-term total return. The fund Franklin Advisory Small Cap Value normally invests at least 80% of its net Services, LLC Securities assets in investments of small Fund - Class 2 capitalization companies. ---------------------------------------------------------------------------------------- FTVIPT Mutual Seeks capital appreciation, with income as Franklin Mutual Shares Securities a secondary goal. The fund normally invests Advisers, LLC Fund - Class 2 primarily in U.S. and foreign equity securities that the manager believes are undervalued. ---------------------------------------------------------------------------------------- Janus Aspen Seeks long-term growth of capital in a Janus Capital Management Series Janus manner consistent with the preservation of LLC Portfolio: capital. Service Shares ---------------------------------------------------------------------------------------- MFS(R) Utilities Seeks total return. MFS Investment Series - Service Management(R) Class ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Morgan Stanley Seeks long-term capital growth by investing Morgan Stanley UIF Mid Cap primarily in common stocks and other equity Investment Management Growth Portfolio, securities. Inc. Class II Shares (previously Van Kampen's UIF Mid Cap Growth Portfolio, Class II Shares) ---------------------------------------------------------------------------------------- Neuberger Berman Seeks long-term growth of capital by Neuberger Berman Advisers investing primarily in securities of Management LLC Management Trust companies that meet the Fund's financial Socially criteria and social policy. Responsive Portfolio (Class S) ---------------------------------------------------------------------------------------- Oppenheimer Seeks long-term capital appreciation. OppenheimerFunds, Inc. Global Securities Fund/VA, Service Shares ---------------------------------------------------------------------------------------- Oppenheimer Main Seeks capital appreciation. OppenheimerFunds, Inc. Street Small- & Mid-Cap Fund(R)/ VA, Service Shares (previously Oppenheimer Main Street Small Cap Fund/VA, Service Shares) ---------------------------------------------------------------------------------------- PIMCO VIT All Seeks maximum real return consistent with Pacific Investment Asset Portfolio, preservation of real capital and prudent Management Company LLC Advisor Share investment management. Class ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Aggr- consistent with an aggressive level of Investment Advisers, LLC essive Portfolio risk. This is a "fund of funds" and seeks (Class 2) to achieve its objective by investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a small amount in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Al- Investment Advisers, lianceBernstein LLC, adviser; International AllianceBernstein L.P., Value Fund (Class subadviser. 2) ---------------------------------------------------------------------------------------- Variable Seeks high level of current income. Columbia Management Portfolio - Amer- Investment Advisers, ican Century LLC, adviser; American Diversified Bond Century Investment Fund (Class 2) Management, Inc., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Amer- Investment Advisers, ican Century LLC, adviser; American Growth Fund Century Investment (Class 2) Management, Inc., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Colu- Investment Advisers, mbia Wanger LLC, adviser; Columbia International Wanger Asset Management Equities Fund LLC, subadviser. (Class 2) ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Colu- Investment Advisers, mbia Wanger U.S. LLC, adviser; Columbia Equities Fund Wanger Asset Management (Class 2) LLC, subadviser. ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Cons- consistent with a conservative level of Investment Advisers, LLC ervative risk. This is a "fund of funds" and seeks Portfolio (Class to achieve its objective by investing in a 2) combination of underlying funds. The fund invests primarily in underlying funds that invest in fixed income securities. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Davis Investment Advisers, New York Venture LLC, adviser; Davis Fund (Class 2) Selected Advisers, L.P., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks high level of current income. Columbia Management Portfolio - Eaton Investment Advisers, Vance Floating- LLC, adviser; Eaton Rate Income Fund Vance Management, (Class 2) subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term growth of capital. Columbia Management Portfolio - Gold- Investment Advisers, man Sachs Mid Cap LLC, adviser; Goldman Value Fund (Class Sachs Asset Management, 2) L.P., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Inve- Investment Advisers, sco International LLC, adviser; Invesco Growth Fund Advisers, Inc., (Class 2) subadviser. ---------------------------------------------------------------------------------------- Variable Seeks high level of current income while Columbia Management Portfolio - J.P. conserving the value of the investment for Investment Advisers, Morgan Core Bond the longest period of time. LLC, adviser; J.P. Fund (Class 2) Morgan Investment Management Inc., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Jenn- Investment Advisers, ison Mid Cap LLC, adviser; Jennison Growth Fund Associates LLC, (Class 2) subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Mars- Investment Advisers, ico Growth Fund LLC, adviser; Marsico (Class 2) Capital Management, LLC, subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - MFS Investment Advisers, Value Fund (Class LLC, adviser; 2) Massachusetts Financial Services Company, subadviser. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderate level of risk. Investment Advisers, LLC rate Portfolio This is a "fund of funds" and seeks to (Class 2) achieve its objective by investing in a combination of underlying funds. The fund invests primarily in a balance of underlying funds that invest in fixed income securities and underlying funds that invest in equity securities. ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately aggressive Investment Advisers, LLC rately Aggressive level of risk. This is a "fund of funds" Portfolio (Class and seeks to achieve its objective by 2) investing in a combination of underlying funds. The fund invests primarily in underlying funds that invest in equity securities and also invests a moderate amount in underlying funds that invest in fixed income securities. ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Variable Seeks high level of total return that is Columbia Management Portfolio - Mode- consistent with a moderately conservative Investment Advisers, LLC rately level of risk. This is a "fund of funds" Conservative and seeks to achieve its objective by Portfolio (Class investing in a combination of underlying 2) funds. The fund invests primarily in underlying funds that invest in fixed income securities and also invests a moderate amount in underlying funds that invest in equity securities. ---------------------------------------------------------------------------------------- Variable Seeks to provide current income and capital Columbia Management Portfolio - Morg- appreciation. Investment Advisers, an Stanley Global LLC, adviser; Morgan Real Estate Fund Stanley Investment (Class 2) Management Inc., subadviser. ---------------------------------------------------------------------------------------- Variable Seeks to provide long-term growth of Columbia Management Portfolio - NFJ capital and income. Investment Advisers, Dividend Value LLC, adviser; NFJ Fund (Class 2) Investment Group LLC, subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Nuve- Investment Advisers, en Winslow Large LLC, adviser; Winslow Cap Growth Fund Capital Management, (Class 2) Inc., subadviser. (previously Variable Portfolio - UBS Large Cap Growth Fund (Class 2)) ---------------------------------------------------------------------------------------- Variable Seeks long-term capital growth. Columbia Management Portfolio - Part- Investment Advisers, ners Small Cap LLC, adviser; TCW Growth Fund Investment Management (Class 2) Company, London Company of Virginia, doing business as The London Company and Wells Capital Management Incorporated, subadvisers. ---------------------------------------------------------------------------------------- Variable Seeks long-term growth of capital. Columbia Management Portfolio - Part- Investment Advisers, ners Small Cap LLC, adviser; Barrow, Value Fund (Class Hanley, Mewhinney & 2) Strauss, Inc., Denver Investment Advisors LLC, Donald Smith & Co., Inc., River Road Asset Management, LLC and Turner Investment Partners, Inc., subadvisers. ---------------------------------------------------------------------------------------- Variable Seeks to provide total return through Columbia Management Portfolio - PIMCO current income and capital appreciation. Investment Advisers, Mortgage-Backed LLC, adviser; Pacific Securities Fund Investment Management (Class 2) Company LLC, subadviser. ---------------------------------------------------------------------------------------- Variable Seeks long-term growth of capital. Columbia Management Portfolio - Pyra- Investment Advisers, mis(R) LLC, adviser; Pyramis International Global Advisers, LLC, Equity Fund subadviser. (Class 2) ---------------------------------------------------------------------------------------- Variable Seeks to provide current income consistent Columbia Management Portfolio - Wells with capital preservation. Investment Advisers, Fargo Short LLC, adviser; Wells Duration Capital Management Government Fund Incorporated, (Class 2) subadviser. ----------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------- INVESTING IN INVESTMENT OBJECTIVE AND POLICIES INVESTMENT ADVISER ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Core Management, LLC, Equity adviser; Wells Capital Fund - Class 2 Management Inc., sub- (previously Wells adviser. Fargo Advantage VT Core Equity Fund) ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Management, LLC, Opportunity adviser; Wells Capital Fund - Class 2 Management Inc., sub- (previously Wells adviser. Fargo Advantage VT Opportunity Fund) ---------------------------------------------------------------------------------------- Wells Fargo Seeks long-term capital appreciation. Wells Fargo Funds Advantage VT Management, LLC, Small Cap Growth adviser; Wells Capital Fund - Class 2 Management Inc., sub- (previously Wells adviser. Fargo Advantage VT Small Cap Growth Fund) ----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 66 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS APPENDIX B: EXAMPLE -- SURRENDER CHARGES We determine your surrender charge by multiplying the amount of each purchase payment surrendered which could be subject to a surrender charge by the applicable surrender charge percentage, and then totaling the surrender charges. We calculate the amount of purchase payments surrendered (PPS) as: PPS = PPSC + PPF PPSC = purchase payments surrendered that could be subject to a surrender charge = (PS - FA) / (CV - FA) x (PP - PPF) PPF = purchase payments surrendered that are not subject to a surrender charge = FA - contract earnings, but not less than zero PP = purchase payments not previously surrendered (total purchase payments - PPS from all previous surrenders) PS = amount the contract value is reduced by the surrender FA = total free amount = greater of contract earnings or 10% of prior anniversary's contract value CV = contract value prior to the surrender
When determining the surrender charge, contract earnings are defined as the contract value less purchase payments not previously surrendered. We determine current contract earnings by looking at the entire contract value, not the earnings of any particular subaccount, the regular fixed account, the Special DCA fixed account. If the contract value is less than purchase payments received and not previously surrendered, then contract earnings are zero. The examples below show how the surrender charge for a full and partial surrender is calculated. Each example illustrates the amount of the surrender charge for both a contract that experiences gains and a contract that experiences losses, given the same set of assumptions. FULL SURRENDER CHARGE CALCULATION -- TEN-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge on a contract with a ten-year (from the date of EACH purchase payment) surrender charge schedule and the following history: ASSUMPTIONS: - We receive a single $50,000 purchase payment; - During the fourth contract year you surrender the contract for its total value. The surrender charge percentage in the fourth year after a purchase payment is 7.0%; and - You have made no prior surrenders. WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT CONTRACT WITH GAIN WITH LOSS Contract value just prior to surrender: $60,000.00 $40,000.00 Contract value on prior anniversary: 58,000.00 42,000.00 WE CALCULATE THE SURRENDER CHARGE AS FOLLOWS: STEP 1. First, we determine the amount of earnings available in the contract at the time of surrender as: Contract value just prior to surrender (CV): 60,000.00 40,000.00 Less purchase payments received and not previously surrendered 50.000.00 50.000.00 (PP): ---------- ---------- Earnings in the contract (but not less than zero): 10,000.00 0.00 STEP 2. Next, we determine the total free amount (FA) available in the contract as the greatest of the following values: Earnings in the contract: 10,000.00 0.00 10% of the prior anniversary's contract value: 5,800.00 4,200.00 ---------- ---------- FA (but not less than zero): 10,000.00 4,200.00
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CONTRACT CONTRACT WITH GAIN WITH LOSS STEP 3. Next we determine PPF, the amount by which the total free amount (FA) exceeds earnings. Total free amount (FA): 10,000.00 4,200.00 Less earnings in the contract: 10,000.00 0.00 ---------- ---------- PPF (but not less than zero): 0.00 4,200.00 STEP 4. Next we determine PS, the amount by which the contract value is reduced by the surrender. PS: 60,000.00 40,000.00 STEP 5. Now we can determine how much of the PP is being surrendered (PPS) as follows: PPS = PPF + PPSC = PPF + (PS - FA) / (CV - FA) * (PP - PPF) PPF from Step 3 = 0.00 4,200.00 PS from Step 4 = 60,000.00 40,000.00 CV from Step 1 = 60,000.00 40,000.00 FA from Step 2 = 10,000.00 4,200.00 PP from Step 1 = 50,000.00 50,000.00 ---------- ---------- PPS = 50,000.00 50,000.00 STEP 6. We then calculate the surrender charge as a percentage of PPS. Note that for a contract with a loss, PPS may be greater than the amount you request to surrender: PPS: 50,000.00 50,000.00 less PPF: 0.00 4,200.00 ---------- ---------- PPSC = amount of PPS subject to a surrender charge: 50,000.00 45,800.00 multiplied by the surrender charge rate: x 7.0% x 7.0% ---------- ---------- surrender charge: 3,500.00 3,206.00 STEP 7. The dollar amount you will receive as a result of your full surrender is determined as: Contract value surrendered: 60,000.00 40,000.00 SURRENDER CHARGE: (3,500.00) (3,206.00) Contract charge (assessed upon full surrender): (30.00) (30.00) ---------- ---------- NET FULL SURRENDER PROCEEDS: $56,470.00 $36,764.00
PARTIAL SURRENDER CHARGE CALCULATION -- TEN-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge on a contract with a ten-year (from the date of EACH purchase payment) surrender charge schedule and the following history: ASSUMPTIONS: - We receive a single $50,000 purchase payment; - During the fourth contract year you request a net partial surrender of $15,000.00. The surrender charge percentage in the fourth year after a purchase payment is 7.0%; and - You have made no prior surrenders. -------------------------------------------------------------------------------- 68 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT CONTRACT WITH GAIN WITH LOSS Contract value just prior to surrender: $60,000.00 $40,000.00 Contract value on prior anniversary: 58,000.00 42,000.00 We determine the amount of contract value that must be surrendered in order for the net partial surrender proceeds to match the amount requested. We start with an estimate of the amount of contract value to surrender and calculate the resulting surrender charge and net partial surrender proceeds as illustrated below. We then adjust our estimate and repeat until we determine the amount of contract value to surrender that generates the desired net partial surrender proceeds. WE CALCULATE THE SURRENDER CHARGE FOR EACH ESTIMATE AS FOLLOWS: STEP 1. First, we determine the amount of earnings available in the contract at the time of surrender as: Contract value just prior to surrender (CV): 60,000.00 40,000.00 Less purchase payments received and not previously surrendered 50,000.00 50,000.00 (PP): ---------- ---------- Earnings in the contract (but not less than zero): 10,000.00 0.00 STEP 2. Next, we determine the total free amount (FA) available in the contract as the greatest of the following values: Earnings in the contract: 10,000.00 0.00 10% of the prior anniversary's contract value: 5,800.00 4,200.00 ---------- ---------- FA (but not less than zero): 10,000.00 4,200.00 STEP 3. Next we determine PPF, the amount by which the total free amount (FA) exceeds earnings. Total free amount (FA): 10,000.00 4,200.00 Less earnings in the contract: 10,000.00 0.00 ---------- ---------- PPF (but not less than zero): 0.00 4,200.00 STEP 4. Next we determine PS, the amount by which the contract value is reduced by the surrender. PS (determined by iterative process described above): 15,376.34 16,062.31 STEP 5. Now we can determine how much of the PP is being surrendered (PPS) as follows: PPS = PPF + PPSC = PPF + (PS - FA) / (CV - FA) * (PP - PPF) PPF from Step 3 = 0.00 4,200.00 PS from Step 4 = 15,376.34 16,062.31 CV from Step 1 = 60,000.00 40,000.00 FA from Step 2 = 10,000.00 4,200.00 PP from Step 1 = 50,000.00 50,000.00 ---------- ---------- PPS = 5,376.34 19,375.80 STEP 6. We then calculate the surrender charge as a percentage of PPS. Note that for a contract with a loss, PPS may be greater than the amount you request to surrender: PPS: 5,376.34 19,375.80 less PPF: 0.00 4,200.00 ---------- ---------- PPSC = amount of PPS subject to a surrender charge: 5,376.34 15,175.80 multiplied by the surrender charge rate: x 7.0% x 7.0% ---------- ---------- surrender charge: 376.34 1,062.31
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 69
CONTRACT CONTRACT WITH GAIN WITH LOSS STEP 7. The dollar amount you will receive as a result of your partial surrender is determined as: Contract value surrendered: 15,376.34 16,062.31 SURRENDER CHARGE: (376.34) (1,062.31) ---------- ---------- NET PARTIAL SURRENDER PROCEEDS: $15,000.00 $15,000.00
FULL SURRENDER CHARGE CALCULATION -- FOUR-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge on a contract with a four-year (from the contract issue date) surrender charge schedule and the following history: ASSUMPTIONS: - We receive a single $50,000 purchase payment; - During the fourth contract year you surrender the contract for its total value. The surrender charge percentage in the fourth contract year is 4.0%; and - You have made no prior surrenders. WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT CONTRACT WITH GAIN WITH LOSS Contract value just prior to surrender: $60,000.00 $40,000.00 Contract value on prior anniversary: 58,000.00 42,000.00 WE CALCULATE THE SURRENDER CHARGE AS FOLLOWS: STEP 1. First, we determine the amount of earnings available in the contract at the time of surrender as: Contract value just prior to surrender (CV): 60,000.00 40,000.00 Less purchase payments received and not previously surrendered 50.000.00 50.000.00 (PP): ---------- ---------- Earnings in the contract (but not less than zero): 10,000.00 0.00 STEP 2. Next, we determine the total free amount (FA) available in the contract as the greatest of the following values: Earnings in the contract: 10,000.00 0.00 10% of the prior anniversary's contract value: 5,800.00 4,200.00 ---------- ---------- FA (but not less than zero): 10,000.00 4,200.00 STEP 3. Next we determine PPF, the amount by which the total free amount (FA) exceeds earnings. Total free amount (FA): 10,000.00 4,200.00 Less earnings in the contract: 10,000.00 0.00 ---------- ---------- PPF (but not less than zero): 0.00 4,200.00 STEP 4. Next we determine PS, the amount by which the contract value is reduced by the surrender. PS: 60,000.00 40,000.00
-------------------------------------------------------------------------------- 70 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
CONTRACT CONTRACT WITH GAIN WITH LOSS STEP 5. Now we can determine how much of the PP is being surrendered (PPS) as follows: PPS = PPF + PPSC = PPF + (PS - FA) / (CV - FA) * (PP - PPF) PPF from Step 3 = 0.00 4,200.00 PS from Step 4 = 60,000.00 40,000.00 CV from Step 1 = 60,000.00 40,000.00 FA from Step 2 = 10,000.00 4,200.00 PP from Step 1 = 50,000.00 50,000.00 ---------- ---------- PPS = 50,000.00 50,000.00 STEP 6. We then calculate the surrender charge as a percentage of PPS. Note that for a contract with a loss, PPS may be greater than the amount you request to surrender: PPS: 50,000.00 50,000.00 less PPF: 0.00 4,200.00 ---------- ---------- PPSC = amount of PPS subject to a surrender charge: 50,000.00 45,800.00 multiplied by the surrender charge rate: x 4.0% x 4.0% ---------- ---------- surrender charge: 2,000.00 1,832.00 STEP 7. The dollar amount you will receive as a result of your full surrender is determined as: Contract value surrendered: 60,000.00 40,000.00 SURRENDER CHARGE: (2,000.00) (1,832.00) Contract charge (assessed upon full surrender): (30.00) (30.00) ---------- ---------- NET FULL SURRENDER PROCEEDS: $57,970.00 $38,138.00
PARTIAL SURRENDER CHARGE CALCULATION -- FOUR-YEAR SURRENDER CHARGE SCHEDULE: This is an example of how we calculate the surrender charge on a contract with a four-year (from the contract issue date) surrender charge schedule and the following history: ASSUMPTIONS: - We receive a single $50,000 purchase payment; - During the fourth contract year you request a net partial surrender of $15,000.00. The surrender charge percentage in the fourth contract year is 4.0%; and - You have made no prior surrenders. -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 71 WE WILL LOOK AT TWO SITUATIONS, ONE WHERE THE CONTRACT HAS A GAIN AND ANOTHER WHERE THERE IS A LOSS: --------------------------------------------------------------------------------
CONTRACT CONTRACT WITH GAIN WITH LOSS Contract value just prior to surrender: $60,000.00 $40,000.00 Contract value on prior anniversary: 58,000.00 42,000.00 We determine the amount of contract value that must be surrendered in order for the net partial surrender proceeds to match the amount requested. We start with an estimate of the amount of contract value to surrender and calculate the resulting surrender charge and net partial surrender proceeds as illustrated below. We then adjust our estimate and repeat until we determine the amount of contract value to surrender that generates the desired net partial surrender proceeds. WE CALCULATE THE SURRENDER CHARGE FOR EACH ESTIMATE AS FOLLOWS: STEP 1. First, we determine the amount of earnings available in the contract at the time of surrender as: Contract value just prior to surrender (CV): 60,000.00 40,000.00 Less purchase payments received and not previously surrendered 50,000.00 50,000.00 (PP): ---------- ---------- Earnings in the contract (but not less than zero): 10,000.00 0.00 STEP 2. Next, we determine the total free amount (FA) available in the contract as the greatest of the following values: Earnings in the contract: 10,000.00 0.00 10% of the prior anniversary's contract value: 5,800.00 4,200.00 ---------- ---------- FA (but not less than zero): 10,000.00 4,200.00 STEP 3. Next we determine PPF, the amount by which the total free amount (FA) exceeds earnings. Total free amount (FA): 10,000.00 4,200.00 Less earnings in the contract: 10,000.00 0.00 ---------- ---------- PPF (but not less than zero): 0.00 4,200.00 STEP 4. Next we determine PS, the amount by which the contract value is reduced by the surrender. PS (determined by iterative process described above): 15,208.33 15,582.48 STEP 5. Now we can determine how much of the PP is being surrendered (PPS) as follows: PPS = PPF + PPSC = PPF + (PS - FA) / (CV - FA) * (PP - PPF) PPF from Step 3 = 0.00 4,200.00 PS from Step 4 = 15,208.33 15,582.48 CV from Step 1 = 60,000.00 40,000.00 FA from Step 2 = 10,000.00 4,200.00 PP from Step 1 = 50,000.00 50,000.00 ---------- ---------- PPS = 5,208.33 18,761.94
-------------------------------------------------------------------------------- 72 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
CONTRACT CONTRACT WITH GAIN WITH LOSS STEP 6. We then calculate the surrender charge as a percentage of PPS. Note that for a contract with a loss, PPS may be greater than the amount you request to surrender: PPS: 5,208.33 18,761.94 less PPF: 0.00 4,200.00 ---------- ---------- PPSC = amount of PPS subject to a surrender charge: 5,208.33 14,561.94 multiplied by the surrender charge rate: x 4.0% x 4.0% ---------- ---------- surrender charge: 208.33 582.48 STEP 7. The dollar amount you will receive as a result of your partial surrender is determined as: Contract value surrendered: 15,208.33 15,582.48 SURRENDER CHARGE: (208.33) (582.48) ---------- ---------- NET PARTIAL SURRENDER PROCEEDS: $15,000.00 $15,000.00
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 73 APPENDIX C: EXAMPLE -- OPTIONAL DEATH BENEFITS THE PURPOSE OF THIS APPENDIX IS TO ILLUSTRATE THE OPERATION OF VARIOUS OPTIONAL DEATH BENEFIT RIDERS. IN ORDER TO DEMONSTRATE THESE CONTRACT RIDERS, AN EXAMPLE MAY SHOW HYPOTHETICAL CONTRACT VALUES. THESE CONTRACT VALUES DO NOT REPRESENT PAST OR FUTURE PERFORMANCE. ACTUAL CONTRACT VALUES MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS, INCLUDING BUT NOT LIMITED TO THE INVESTMENT EXPERIENCE OF THE SUBACCOUNTS, SPECIAL DCA FIXED ACCOUNT, REGULAR FIXED ACCOUNT AND THE FEES AND CHARGES THAT APPLY TO YOUR CONTRACT. THE EXAMPLES OF THE OPTIONAL DEATH BENEFITS IN APPENDIX INCLUDE PARTIAL SURRENDERS TO ILLUSTRATE THE EFFECT OF PARTIAL SURRENDERS ON THE PARTICULAR BENEFIT. THESE EXAMPLES ARE INTENDED TO SHOW HOW THE OPTIONAL DEATH BENEFITS OPERATE, AND DO NOT TAKE INTO ACCOUNT WHETHER A PARTICULAR OPTIONAL DEATH BENEFIT IS PART OF A QUALIFIED ANNUITY. QUALIFIED ANNUITIES ARE SUBJECT TO RMDS AT CERTAIN AGES (SEE "TAXES -- QUALIFIED ANNUITIES -- REQUIRED MINIMUM DISTRIBUTIONS") WHICH MAY REQUIRE YOU TO TAKE PARTIAL SURRENDERS FROM THE CONTRACT. IF YOU ARE CONSIDERING THE ADDITION OF CERTAIN DEATH BENEFITS TO A QUALIFIED ANNUITY, YOU SHOULD CONSULT YOUR TAX ADVISOR PRIOR TO MAKING A PURCHASE FOR AN EXPLANATION OF THE POTENTIAL TAX IMPLICATION TO YOU. EXAMPLE OF STANDARD DEATH BENEFIT CALCULATION WHEN YOU ARE AGE 79 OR YOUNGER ON THE CONTRACT EFFECTIVE DATE: ASSUMPTIONS: - You purchase the contract with a payment of $20,000. - During the second contract year the contract value falls to $18,000, at which point you take a $1,500 partial surrender, leaving a contract value of $16,500. WE CALCULATE THE DEATH BENEFIT AS FOLLOWS: The total purchase payments minus adjustments for partial surrenders: Total purchase payments $20,000 minus adjusted partial surrenders, calculated as: $1,500 x $20,000 ---------------- = -1,667 $18,000 ------- for a standard death benefit of: $18,333 since this is greater than your contract value of $16,500
EXAMPLE -- ROPP DEATH BENEFIT ASSUMPTIONS: - You purchase the contract (with the ROPP rider) with a payment of $20,000. - The contract value falls to $18,000, at which point you take a $1,500 partial surrender, leaving a contract value of $16,500. WE CALCULATE THE DEATH BENEFIT AS FOLLOWS: The total purchase payments minus adjustments for partial surrenders: Total purchase payments $20,000 minus adjusted partial surrenders, calculated as: $1,500 x $20,000 ---------------- = -1,667 $18,000 ------- for a death benefit of: $18,333
EXAMPLE -- MAV DEATH BENEFIT ASSUMPTIONS: - You purchase the contract (with the MAV rider) with a payment of $20,000. - On the first contract anniversary the contract value grows to $24,000. - During the second contract year the contract value falls to $22,000, at which point you take a $1,500 partial surrender, leaving a contract value of $20,500. -------------------------------------------------------------------------------- 74 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS WE CALCULATE THE DEATH BENEFIT AS FOLLOWS: The maximum anniversary value immediately preceding the date of death plus any payments made since that anniversary minus adjusted partial surrenders: Greatest of your contract anniversary contract values: $24,000 plus purchase payments made since that anniversary: +0 minus adjusted partial surrenders, calculated as: $1,500 x $24,000 ---------------- = -1,636 $22,000 ------- for a death benefit of: $22,364
EXAMPLE -- 5-YEAR MAV DEATH BENEFIT ASSUMPTIONS: - You purchase the contract (with the 5-Year MAV rider) with a payment of $20,000. - On the fifth contract anniversary the contract value grows to $30,000. - During the sixth contract year the contract value falls to $25,000, at which point you take a $1,500 partial surrender, leaving a contract value of $23,500. WE CALCULATE THE DEATH BENEFIT AS FOLLOWS: The maximum 5-year anniversary value immediately preceding the date of death plus any payments made since that anniversary minus adjusted partial surrenders: Greatest of your 5-year contract anniversary contract values: $30,000 plus purchase payments made since that anniversary: +0 minus adjusted partial surrenders, calculated as: $1,500 x $30,000 ---------------- = -1,800 $25,000 ------- for a death benefit of: $28,200
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 75 APPENDIX D: EXAMPLE -- OPTIONAL LIVING BENEFITS THE PURPOSE OF THIS APPENDIX IS TO ILLUSTRATE THE OPERATION OF VARIOUS OPTIONAL LIVING BENEFIT RIDERS. IN ORDER TO DEMONSTRATE THESE CONTRACT RIDERS, AN EXAMPLE MAY SHOW HYPOTHETICAL CONTRACT VALUES. THESE CONTRACT VALUES DO NOT REPRESENT PAST OR FUTURE PERFORMANCE. ACTUAL CONTRACT VALUES MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS, INCLUDING BUT NOT LIMITED TO THE INVESTMENT EXPERIENCE OF THE SUBACCOUNTS, SPECIAL DCA FIXED ACCOUNT, REGULAR FIXED ACCOUNT AND THE FEES AND CHARGES THAT APPLY TO YOUR CONTRACT. THESE EXAMPLES ARE INTENDED TO SHOW HOW THE OPTIONAL RIDERS OPERATE, AND DO NOT TAKE INTO ACCOUNT WHETHER A PARTICULAR OPTIONAL RIDER IS PART OF A QUALIFIED ANNUITY. QUALIFIED ANNUITIES ARE SUBJECT TO RMDS AT CERTAIN AGES (SEE "TAXES -- QUALIFIED ANNUITIES -- REQUIRED MINIMUM DISTRIBUTIONS") WHICH MAY REQUIRE YOU TO TAKE PARTIAL SURRENDERS FROM THE CONTRACT. IF YOU ARE CONSIDERING THE ADDITION OF CERTAIN OPTIONAL RIDERS TO A QUALIFIED ANNUITY, YOU SHOULD CONSULT YOUR TAX ADVISOR PRIOR TO MAKING A PURCHASE FOR AN EXPLANATION OF THE POTENTIAL TAX IMPLICATION TO YOU. EXAMPLE -- ACCUMULATION PROTECTOR BENEFIT RIDER The following example shows how the Accumulation Protector Benefit rider works based on hypothetical values. It is not intended to depict investment performance of the contract. THE EXAMPLE ASSUMES: - You purchase the contract (with the Accumulation Protector Benefit rider) with a payment of $100,000. - You make no additional purchase payments. - You do not exercise the elective step-up option
HYPOTHETICAL PARTIAL SURRENDER MCAV ADJUSTMENT ACCUMULATION ASSUMED END OF (BEGINNING OF FOR PARTIAL BENEFIT CONTRACT CONTRACT YEAR YEAR) SURRENDER MCAV AMOUNT VALUE 1 0 0 100,000 0 112,000 2 0 0 102,400 0 128,000 3 0 0 108,000 0 135,000 4 0 0 108,000 0 118,000 5 0 0 108,000 0 100,000 6 2,000 2,160 105,840 0 122,000 7 0 0 112,000 0 140,000 8 0 0 112,000 0 121,000 9 5,000 4,628 107,372 0 98,000 10 0 0 107,372 22,372 85,000
EXAMPLE -- SECURESOURCE STAGES NY RIDERS EXAMPLE #1: SINGLE LIFE BENEFIT ASSUMPTIONS: - You purchase the contract with a payment of $100,000 and make no additional payments to the contract. - You are the sole owner and also the annuitant. You are age 65. - Annual step-ups are applied each anniversary when available, where the contract value is greater than the PBG and/or the BB. Applied Annual step-ups are indicated in BOLD. -------------------------------------------------------------------------------- 76 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS - You elect the Moderate fund of funds at issue.
HYPOTHETICAL CONTRACT ASSUMED LIFETIME DURATION PURCHASE PARTIAL CONTRACT PAYMENT IN YEARS PAYMENTS WITHDRAWALS VALUE BB PBG ALP RALP PERCENT At Issue $100,000 NA $100,000 $100,000 $100,000 $5,000 $5,000 5% 1 0 0 98,000 108,000 100,000 5,400 5,400 5% 2 0 0 105,000 114,000 105,000 5,700 5,700 5% 3 0 0 118,000 120,000 118,000 6,000 6,000 5% 3.5 0 6,000 112,000 120,000 112,000 6,000 0 5% 4 0 0 115,000 120,000 115,000 6,000 6,000 5% 5 0 0 130,000 130,000 130,000 7,150(1) 7,150(1) 5.5%(1) 6 0 0 110,000 130,000 130,000 7,150 7,150 5.5% 7 0 0 100,000 130,000 130,000 7,150 7,150 5.5% 7.5 0 10,000 90,000 117,000(1) 108,000(2) 6,435(2) 0 5.5% 8 0 0 80,000 117,000 108,000 6,435 6,435 5.5% 9 0 0 95,000 117,000 108,000 6,435 6,435 5.5%
(1) Because the Annual Step-Up increased the BB on the anniversary and the covered person's attained age is in a higher age band, the Lifetime Payment Percentage increased. (2) The $10,000 withdrawal is greater than the $7,150 RALP allowed under the rider and therefore excess withdrawal processing is applied. The BB and PBG are reset as described in the "Lifetime Benefit Description - Determination of Adjustment of Benefit Values". EXAMPLE #2: JOINT LIFE BENEFIT ASSUMPTIONS: - You purchase the contract with a payment of $100,000 and make no additional payments to the contract. - You and your spouse are joint owners and are both age 58. - Annual step-ups are applied each anniversary when available, where the contract value is greater than the PBG and/or the BB. Applied annual step-ups are indicated in BOLD. - You elect the Moderate fund of funds at issue.
HYPOTHETICAL CONTRACT ASSUMED LIFETIME DURATION PURCHASE PARTIAL CONTRACT PAYMENT IN YEARS PAYMENTS WITHDRAWALS VALUE BB PBG ALP RALP PERCENT At Issue $100,000 NA $100,000 $100,000 $100,000 $3,500 $3,500 3.5% 1 0 0 98,000 100,000 100,000 4,500(1) 4,500(1) 4.5% 2 0 0 105,000 105,000 105,000 4,725 4,725 4.5% 3 0 0 104,000 113,000(2) 105,000 5,085 5,085 4.5% 4 0 0 115,000 119,000 115,000 5,355 5,355 4.5% 4.5 0 5,355 109,645 119,000 109,645 5,355 0 4.5% 5 0 0 130,000 130,000 130,000 5,850 5,850 4.5% 6 0 0 110,000 130,000 130,000 5,850 5,850 4.5% 7 0 0 100,000 130,000 130,000 5,850 5,850 4.5% 7.5 0 10,000 90,000 117,000(3) 108,000(3) 5,265(3) 0 4.5% 8 0 0 80,000 117,000 108,000 5,265 5,265 4.5% 9 0 0 95,000 117,000 108,000 5,265 5,265 4.5%
(1) Because the younger covered spouse's attained age is in a higher age band and no withdrawal has been taken, the Lifetime Payment Percentage increased. (2) You begin receiving credits on the anniversary after the younger covered spouse turns age 61. (3) The $10,000 withdrawal is greater than the $5,850 RALP allowed under the rider and therefore excess withdrawal processing is applied. The BB and PBG are reset as described in the "Lifetime Benefit Description - Determination of Adjustment of Benefit Values". -------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 77 APPENDIX E: EXAMPLE -- ADDITIONAL RMD DISCLOSURE This appendix describes our current administrative practice for determining the amount of withdrawals in any contract year which an owner may take under the SecureSource Stages NY rider to satisfy the RMD rules under 401(a)(9) of the Code without application of the excess withdrawal processing described in the rider. We reserve the right to modify this administrative practice at any time upon 30 days' written notice to you. For contract holders subject to annual RMD rules under the Section 401(a)(9) of the Code, amounts you withdraw from this contract to satisfy these rules are not subject to excess withdrawal processing under the terms of the rider, subject to the following rules and our current administrative practice: (1) Each calendar year, if your ALERMDA is greater than the ALP. - A Lifetime Additional Benefit Amount (LABA) will be set equal to that portion of your ALERMDA that exceeds the value of ALP. - The LABA will be reduced by the total amount that each withdrawal in the current calendar year exceeds the RALP at the time of each withdrawal, but shall not be reduced to less than zero. - Any withdrawals taken in a contract year will count first against and reduce the RALP for that contract year. - Once the RALP for the current contract year has been depleted, any additional amounts withdrawn will count against and reduce the LABA. These withdrawals will not be considered excess withdrawals with regard to the ALP as long as they do not exceed the remaining LABA. - Once the LABA has been depleted, any additional withdrawal amounts will be considered excess withdrawals with regard to the ALP and will subject the ALP to the excess withdrawal processing described by the SecureSource Stages NY rider. The ALERMDA is: (1) determined by us each calendar year; (2) based on your initial purchase payment and not the entire interest value in the calendar year of contract issue and therefore may not be sufficient to allow you to withdraw your RMD without causing an excess withdrawal; (3) based on the value of this contract alone on the date it is determined; (4) based on recalculated life expectancy taken from the Uniform Lifetime Table under the Code; and (5) based on the company's understanding and interpretation of the requirements for life expectancy distributions intended to satisfy the required minimum distribution rules under Code Section 401(a)(9) and the Treasury Regulations promulgated thereunder, as applicable on the effective date of this prospectus, to: 1. IRAs under Section 408(b) of the Code; 2. Roth IRAs under Section 408A of the Code; 3. Simplified Employee Pension IRA (SEP) plans under Section 408(k) of the Code; In the future, the requirements under tax law for such distributions may change and the life expectancy amount calculation provided under your SecureSource Stages NY rider may not be sufficient to satisfy the requirements under the tax law for these types of distributions. In such a situation, amounts withdrawn to satisfy such distribution requirements will exceed your available RALP amount and may result in the reduction of your ALP as described under the excess withdrawal provision of the rider. In cases where the Code does not allow the life expectancy of a natural person to be used to calculate the required minimum distribution amount (e.g. some ownerships by trusts and charities), we will calculate the life expectancy RMD amount as zero in all years. Please consult your tax advisor about the impact of these rules prior to purchasing the SecureSource Stages NY rider. -------------------------------------------------------------------------------- 78 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS APPENDIX F: CONDENSED FINANCIAL INFORMATION (UNAUDITED) The following tables give per-unit information about the financial history of each subaccount representing the lowest and highest total annual variable account expense combinations for each contract. The date in which operations commenced in each subaccount is noted in parentheses. The SAI contains tables that since per-unit information about the financial history of each existing subaccount. We have not provided this information for subaccounts that were not available under your contract as of Dec. 31, 2010. You may obtain a copy of the SAI without charge by contacting us at the telephone number or address listed on the front page of the prospectus.
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/24/2006) Accumulation unit value at beginning of period $1.04 $0.77 $1.29 $1.14 $1.00 Accumulation unit value at end of period $1.14 $1.04 $0.77 $1.29 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 94 87 79 78 15 ------------------------------------------------------------------------------------------------------------ AMERICAN CENTURY VP VALUE, CLASS II (07/24/2006) Accumulation unit value at beginning of period $0.94 $0.79 $1.09 $1.17 $1.00 Accumulation unit value at end of period $1.06 $0.94 $0.79 $1.09 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 1,982 1,932 1,749 2,079 509 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/24/2006) Accumulation unit value at beginning of period $0.97 $0.78 $1.13 $1.12 $1.00 Accumulation unit value at end of period $1.08 $0.97 $0.78 $1.13 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 572 656 204 215 26 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 2) at Dec. 31, 2010 were (0.97%) and (0.97%), respectively. ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 47 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.22 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 50 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 13 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $1.16 $0.81 $1.09 $1.08 $1.00 Accumulation unit value at end of period $1.28 $1.16 $0.81 $1.09 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 759 771 525 493 202 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.08 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 13 -- -- -- -- ------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 79
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 42 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $1.00 $0.73 $1.43 $1.21 $1.00 Accumulation unit value at end of period $1.13 $1.00 $0.73 $1.43 $1.21 Number of accumulation units outstanding at end of period (000 omitted) 612 805 895 542 1,471 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 36 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/24/2006) Accumulation unit value at beginning of period $0.93 $0.74 $1.19 $1.15 $1.00 Accumulation unit value at end of period $1.06 $0.93 $0.74 $1.19 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 512 239 225 177 17 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12 -- -- -- -- ------------------------------------------------------------------------------------------------------------ DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- Number of accumulation units outstanding at end of period (000 omitted) 44 41 14 -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------ DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- Accumulation unit value at end of period $1.05 $0.97 $0.84 -- -- Number of accumulation units outstanding at end of period (000 omitted) 125 76 41 -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------ DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- Accumulation unit value at end of period $0.99 $0.91 $0.76 -- -- Number of accumulation units outstanding at end of period (000 omitted) 363 332 2 -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 80 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- Number of accumulation units outstanding at end of period (000 omitted) 63 55 18 -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------ DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.94 $0.79 $1.00 -- -- Accumulation unit value at end of period $1.02 $0.94 $0.79 -- -- Number of accumulation units outstanding at end of period (000 omitted) 274 275 220 -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ------------------------------------------------------------------------------------------------------------ FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $0.99 $0.74 $1.30 $1.12 $1.00 Accumulation unit value at end of period $1.15 $0.99 $0.74 $1.30 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 4,934 12,509 24,724 15,405 5,888 ------------------------------------------------------------------------------------------------------------ FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $1.06 $0.77 $1.28 $1.12 $1.00 Accumulation unit value at end of period $1.35 $1.06 $0.77 $1.28 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 3,483 12,950 16,441 8,335 2,560 ------------------------------------------------------------------------------------------------------------ FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $0.94 $0.73 $1.11 $1.14 $1.00 Accumulation unit value at end of period $1.20 $0.94 $0.73 $1.11 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 1,389 1,361 1,250 1,230 500 ------------------------------------------------------------------------------------------------------------ FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $0.91 $0.73 $1.17 $1.14 $1.00 Accumulation unit value at end of period $1.00 $0.91 $0.73 $1.17 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 2,008 2,267 2,178 2,149 465 ------------------------------------------------------------------------------------------------------------ JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- Accumulation unit value at end of period $0.97 $0.85 $0.63 $1.06 -- Number of accumulation units outstanding at end of period (000 omitted) 2,566 42,014 28,397 15,952 -- ------------------------------------------------------------------------------------------------------------ MFS(R) UTILITIES SERIES - SERVICE CLASS (07/24/2006) Accumulation unit value at beginning of period $1.24 $0.94 $1.53 $1.21 $1.00 Accumulation unit value at end of period $1.40 $1.24 $0.94 $1.53 $1.21 Number of accumulation units outstanding at end of period (000 omitted) 1,037 951 939 946 314 ------------------------------------------------------------------------------------------------------------ MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/24/2006) Accumulation unit value at beginning of period $1.15 $0.74 $1.39 $1.15 $1.00 Accumulation unit value at end of period $1.50 $1.15 $0.74 $1.39 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 325 258 307 239 985 ------------------------------------------------------------------------------------------------------------ NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/24/2006) Accumulation unit value at beginning of period $0.97 $0.75 $1.25 $1.17 $1.00 Accumulation unit value at end of period $1.19 $0.97 $0.75 $1.25 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 141 98 92 121 95 ------------------------------------------------------------------------------------------------------------ OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/24/2006) Accumulation unit value at beginning of period $1.02 $0.74 $1.24 $1.18 $1.00 Accumulation unit value at end of period $1.17 $1.02 $0.74 $1.24 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 1,049 1,088 1,224 1,142 437 ------------------------------------------------------------------------------------------------------------ OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/24/2006) Accumulation unit value at beginning of period $0.94 $0.69 $1.13 $1.15 $1.00 Accumulation unit value at end of period $1.15 $0.94 $0.69 $1.13 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 427 499 478 505 93 ------------------------------------------------------------------------------------------------------------ PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/24/2006) Accumulation unit value at beginning of period $1.13 $0.94 $1.12 $1.05 $1.00 Accumulation unit value at end of period $1.26 $1.13 $0.94 $1.12 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 2,528 23,718 23,226 15,404 5,362 ------------------------------------------------------------------------------------------------------------ RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15 -- -- -- -- *RiverSource Variable Portfolio - Strategic Income Fund (Class 2) is scheduled to be merged into Columbia Variable Portfolio - Strategic Income Fund, Class 2 on April 29, 2011. ------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 81
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,063 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.18 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 22 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 50 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 21 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 21 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,392 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 24 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 21 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.24 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 14 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25 -- -- -- -- ------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 82 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26,271 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 21,613 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,340 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 24 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $1.09 $0.81 $1.22 $1.14 $1.00 Accumulation unit value at end of period $1.25 $1.09 $0.81 $1.22 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 402 259 39 55 55 ------------------------------------------------------------------------------------------------------------ WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $1.06 $0.73 $1.22 $1.16 $1.00 Accumulation unit value at end of period $1.31 $1.06 $0.73 $1.22 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 69 79 71 69 37 ------------------------------------------------------------------------------------------------------------ WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $1.21 $0.80 $1.38 $1.22 $1.00 Accumulation unit value at end of period $1.52 $1.21 $0.80 $1.38 $1.22 Number of accumulation units outstanding at end of period (000 omitted) 596 486 519 471 19 ------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 83
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (11/07/2002) Accumulation unit value at beginning of period $1.38 $1.16 $1.61 $1.72 $1.47 $1.42 $1.26 $0.99 $1.00 Accumulation unit value at end of period $1.54 $1.38 $1.16 $1.61 $1.72 $1.47 $1.42 $1.26 $0.99 Number of accumulation units outstanding at end of period (000 omitted) 375 414 569 1,164 1,347 1,479 981 305 -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (11/07/2002) Accumulation unit value at beginning of period $1.23 $1.00 $1.45 $1.44 $1.27 $1.24 $1.15 $0.96 $1.00 Accumulation unit value at end of period $1.37 $1.23 $1.00 $1.45 $1.44 $1.27 $1.24 $1.15 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 257 300 162 485 198 150 125 108 3 ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $0.99 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 2) at Dec. 31, 2010 were (1.39%) and (1.38%), respectively. ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.22 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (04/28/2006) Accumulation unit value at beginning of period $1.14 $0.80 $1.07 $1.07 $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 $1.14 $0.80 $1.07 $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 277 296 362 607 689 -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.08 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 84 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.64 $1.26 $1.06 $1.00 -- -- -- -- Accumulation unit value at end of period $0.98 $0.87 $0.64 $1.26 $1.06 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 183 189 279 232 549 -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.26 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (11/07/2002) Accumulation unit value at beginning of period $1.23 $0.99 $1.60 $1.54 $1.35 $1.31 $1.20 $0.95 $1.00 Accumulation unit value at end of period $1.40 $1.23 $0.99 $1.60 $1.54 $1.35 $1.31 $1.20 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 246 322 417 691 735 940 788 372 8 ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.86 $0.71 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.96 $0.86 $0.71 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 22 9 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.97 $0.84 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 36 252 255 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.90 $0.76 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.90 $0.76 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 82 2 53 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.89 $0.73 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39 6 4 -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. -----------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 85
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 129 126 -- -- -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.90 $0.68 $1.19 $1.03 $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 $0.90 $0.68 $1.19 $1.03 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,007 1,393 2,566 2,154 2,206 -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (11/07/2002) Accumulation unit value at beginning of period $2.04 $1.48 $2.48 $2.17 $1.96 $1.68 $1.36 $1.00 $1.00 Accumulation unit value at end of period $2.59 $2.04 $1.48 $2.48 $2.17 $1.96 $1.68 $1.36 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 559 964 1,496 1,756 2,082 1,937 1,292 500 11 ----------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (11/07/2002) Accumulation unit value at beginning of period $1.61 $1.26 $1.91 $1.98 $1.71 $1.59 $1.30 $1.00 $1.00 Accumulation unit value at end of period $2.04 $1.61 $1.26 $1.91 $1.98 $1.71 $1.59 $1.30 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 128 170 208 507 672 451 208 101 4 ----------------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (11/07/2002) Accumulation unit value at beginning of period $1.38 $1.11 $1.78 $1.74 $1.49 $1.36 $1.23 $0.99 $1.00 Accumulation unit value at end of period $1.52 $1.38 $1.11 $1.78 $1.74 $1.49 $1.36 $1.23 $0.99 Number of accumulation units outstanding at end of period (000 omitted) 429 484 629 956 1,045 825 780 330 18 ----------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.84 $0.63 $1.06 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.95 $0.84 $0.63 $1.06 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 190 2,089 1,885 1,445 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (11/07/2002) Accumulation unit value at beginning of period $2.66 $2.02 $3.29 $2.61 $2.02 $1.75 $1.37 $1.02 $1.00 Accumulation unit value at end of period $2.98 $2.66 $2.02 $3.29 $2.61 $2.02 $1.75 $1.37 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 96 138 206 303 338 298 160 84 -- ----------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.98 $0.63 $1.19 $0.99 $1.00 -- -- -- -- Accumulation unit value at end of period $1.28 $0.98 $0.63 $1.19 $0.99 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 137 173 146 78 353 -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (11/15/2004) Accumulation unit value at beginning of period $1.19 $0.86 $1.47 $1.40 $1.21 $1.07 $1.00 -- -- Accumulation unit value at end of period $1.36 $1.19 $0.86 $1.47 $1.40 $1.21 $1.07 -- -- Number of accumulation units outstanding at end of period (000 omitted) 309 380 448 554 612 479 2 -- -- ----------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (11/15/2004) Accumulation unit value at beginning of period $1.04 $0.77 $1.25 $1.28 $1.13 $1.05 $1.00 -- -- Accumulation unit value at end of period $1.26 $1.04 $0.77 $1.25 $1.28 $1.13 $1.05 -- -- Number of accumulation units outstanding at end of period (000 omitted) 52 84 158 355 385 192 -- -- -- ----------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.11 $0.92 $1.11 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.24 $1.11 $0.92 $1.11 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 819 1,698 2,046 1,725 1,792 -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4 -- -- -- -- -- -- -- -- *RiverSource Variable Portfolio - Strategic Income Fund (Class 2) is scheduled to be merged into Columbia Variable Portfolio - Strategic Income Fund, Class 2 on April 29, 2011. ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,164 -- -- -- -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 86 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.18 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,274 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.24 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.15 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 13,452 -- -- -- -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 87
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,559 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,337 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (12/08/2003) Accumulation unit value at beginning of period $1.37 $1.02 $1.55 $1.45 $1.31 $1.22 $1.13 $1.08 -- Accumulation unit value at end of period $1.58 $1.37 $1.02 $1.55 $1.45 $1.31 $1.22 $1.13 -- Number of accumulation units outstanding at end of period (000 omitted) 40 47 52 81 108 134 139 47 -- ----------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (11/07/2002) Accumulation unit value at beginning of period $1.59 $1.09 $1.84 $1.75 $1.58 $1.48 $1.27 $0.94 $1.00 Accumulation unit value at end of period $1.95 $1.59 $1.09 $1.84 $1.75 $1.58 $1.48 $1.27 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 34 35 39 42 48 155 153 164 1 ----------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (11/07/2002) Accumulation unit value at beginning of period $1.89 $1.25 $2.16 $1.93 $1.59 $1.51 $1.34 $0.96 $1.00 Accumulation unit value at end of period $2.37 $1.89 $1.25 $2.16 $1.93 $1.59 $1.51 $1.34 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 146 172 147 127 116 136 124 58 -- -----------------------------------------------------------------------------------------------------------------------------
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/24/2006) Accumulation unit value at beginning of period $1.03 $0.76 $1.28 $1.14 $1.00 Accumulation unit value at end of period $1.12 $1.03 $0.76 $1.28 $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- -- -- 19 -- ----------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 88 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/24/2006) Accumulation unit value at beginning of period $0.93 $0.79 $1.09 $1.16 $1.00 Accumulation unit value at end of period $1.04 $0.93 $0.79 $1.09 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 159 155 130 142 76 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/24/2006) Accumulation unit value at beginning of period $0.95 $0.78 $1.12 $1.12 $1.00 Accumulation unit value at end of period $1.06 $0.95 $0.78 $1.12 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 77 104 8 87 12 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $0.99 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 2) at Dec. 31, 2010 were (1.52%) and (1.51%), respectively. ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.22 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $1.14 $0.80 $1.08 $1.08 $1.00 Accumulation unit value at end of period $1.26 $1.14 $0.80 $1.08 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 431 441 422 399 92 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.08 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ----------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 89
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $0.98 $0.72 $1.42 $1.20 $1.00 Accumulation unit value at end of period $1.11 $0.98 $0.72 $1.42 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 91 101 89 65 275 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/24/2006) Accumulation unit value at beginning of period $0.92 $0.74 $1.19 $1.14 $1.00 Accumulation unit value at end of period $1.04 $0.92 $0.74 $1.19 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 46 39 32 10 -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.86 $0.71 $1.00 -- -- Accumulation unit value at end of period $0.96 $0.86 $0.71 -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- Accumulation unit value at end of period $1.04 $0.97 $0.84 -- -- Number of accumulation units outstanding at end of period (000 omitted) 40 23 5 -- -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (05/01/2008) Accumulation unit value at beginning of period $0.90 $0.76 $1.00 -- -- Accumulation unit value at end of period $0.98 $0.90 $0.76 -- -- Number of accumulation units outstanding at end of period (000 omitted) 53 7 -- -- -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (05/01/2008) Accumulation unit value at beginning of period $0.88 $0.73 $1.00 -- -- Accumulation unit value at end of period $0.97 $0.88 $0.73 -- -- Number of accumulation units outstanding at end of period (000 omitted) -- 2 -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ---------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- Number of accumulation units outstanding at end of period (000 omitted) 47 6 -- -- -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 90 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $0.98 $0.73 $1.29 $1.12 $1.00 Accumulation unit value at end of period $1.13 $0.98 $0.73 $1.29 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 865 1,975 4,301 3,188 1,284 ---------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $1.05 $0.76 $1.27 $1.12 $1.00 Accumulation unit value at end of period $1.33 $1.05 $0.76 $1.27 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 385 1,768 2,783 1,386 338 ---------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $0.93 $0.73 $1.10 $1.14 $1.00 Accumulation unit value at end of period $1.17 $0.93 $0.73 $1.10 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 72 67 45 48 16 ---------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $0.90 $0.72 $1.16 $1.14 $1.00 Accumulation unit value at end of period $0.98 $0.90 $0.72 $1.16 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 417 430 422 426 101 ---------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.84 $0.63 $1.06 $1.00 -- Accumulation unit value at end of period $0.95 $0.84 $0.63 $1.06 -- Number of accumulation units outstanding at end of period (000 omitted) 187 6,597 4,924 3,189 -- ---------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/24/2006) Accumulation unit value at beginning of period $1.22 $0.93 $1.52 $1.20 $1.00 Accumulation unit value at end of period $1.37 $1.22 $0.93 $1.52 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 80 86 97 61 29 ---------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/24/2006) Accumulation unit value at beginning of period $1.13 $0.73 $1.39 $1.14 $1.00 Accumulation unit value at end of period $1.47 $1.13 $0.73 $1.39 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 20 36 24 9 202 ---------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/24/2006) Accumulation unit value at beginning of period $0.96 $0.74 $1.24 $1.17 $1.00 Accumulation unit value at end of period $1.16 $0.96 $0.74 $1.24 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 1 1 2 -- -- ---------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/24/2006) Accumulation unit value at beginning of period $1.00 $0.73 $1.23 $1.18 $1.00 Accumulation unit value at end of period $1.14 $1.00 $0.73 $1.23 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 76 61 65 68 18 ---------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/24/2006) Accumulation unit value at beginning of period $0.92 $0.68 $1.12 $1.15 $1.00 Accumulation unit value at end of period $1.12 $0.92 $0.68 $1.12 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 29 40 43 48 17 ---------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/24/2006) Accumulation unit value at beginning of period $1.11 $0.93 $1.12 $1.04 $1.00 Accumulation unit value at end of period $1.24 $1.11 $0.93 $1.12 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 469 3,861 4,557 3,298 1,204 ---------------------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- *RiverSource Variable Portfolio - Strategic Income Fund (Class 2) is scheduled to be merged into Columbia Variable Portfolio - Strategic Income Fund, Class 2 on April 29, 2011. ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 622 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.18 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ----------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 91
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 730 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.24 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.15 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,283 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,190 -- -- -- -- ----------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 92 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,420 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $1.07 $0.80 $1.21 $1.13 $1.00 Accumulation unit value at end of period $1.23 $1.07 $0.80 $1.21 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 53 55 14 2 -- ---------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $1.05 $0.72 $1.22 $1.16 $1.00 Accumulation unit value at end of period $1.28 $1.05 $0.72 $1.22 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 7 2 -- -- -- ---------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/24/2006) Accumulation unit value at beginning of period $1.19 $0.79 $1.37 $1.22 $1.00 Accumulation unit value at end of period $1.49 $1.19 $0.79 $1.37 $1.22 Number of accumulation units outstanding at end of period (000 omitted) 29 46 40 39 16 ----------------------------------------------------------------------------------------------------------
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 93
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.99 Number of accumulation units outstanding at end of period (000 omitted) -- *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 2) at Dec. 31, 2010 were (1.59%) and (1.58%), respectively. ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.02 Number of accumulation units outstanding at end of period (000 omitted) 37 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 7 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 17 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.02 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.97 Number of accumulation units outstanding at end of period (000 omitted) 7 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 11 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 6 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) 13 -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 94 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 3 ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.09 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 95
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) 4 ----------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.30 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.12 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 2 ----------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- *RiverSource Variable Portfolio - Strategic Income Fund (Class 2) is scheduled to be merged into Columbia Variable Portfolio - Strategic Income Fund, Class 2 on April 29, 2011. ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 21 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 96 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 2 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) 2 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.05 Number of accumulation units outstanding at end of period (000 omitted) 56 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 5 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 17 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 2 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 13 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) 15 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 188 -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 97
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 2 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 44 ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.28 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
VARIABLE ACCOUNT CHARGES OF 1.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 98 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.99 Number of accumulation units outstanding at end of period (000 omitted) -- *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 2) at Dec. 31, 2010 were (1.77%) and (1.76%), respectively. ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.97 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 99
VARIABLE ACCOUNT CHARGES OF 1.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.09 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 100 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.30 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.12 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- *RiverSource Variable Portfolio - Strategic Income Fund (Class 2) is scheduled to be merged into Columbia Variable Portfolio - Strategic Income Fund, Class 2 on April 29, 2011. ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 101
VARIABLE ACCOUNT CHARGES OF 1.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.05 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 105 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 102 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.28 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
VARIABLE ACCOUNT CHARGES OF 1.70% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.99 Number of accumulation units outstanding at end of period (000 omitted) -- *The 7-day simple and compound yields for Columbia Variable Portfolio - Cash Management Fund (Class 2) at Dec. 31, 2010 were (2.01%) and (1.99%), respectively. -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 103
VARIABLE ACCOUNT CHARGES OF 1.70% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.97 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 104 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.70% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.09 Number of accumulation units outstanding at end of period (000 omitted) -- *Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. ----------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.30 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.12 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 105
VARIABLE ACCOUNT CHARGES OF 1.70% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2)* (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- *RiverSource Variable Portfolio - Strategic Income Fund (Class 2) is scheduled to be merged into Columbia Variable Portfolio - Strategic Income Fund, Class 2 on April 29, 2011. ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 106 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS
VARIABLE ACCOUNT CHARGES OF 1.70% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.05 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.10 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 107
VARIABLE ACCOUNT CHARGES OF 1.70% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 108 RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION Calculating Annuity Payouts................ p. 3 Rating Agencies............................ p. 4 Revenues Received During Calendar Year 2010..................................... p. 4 Principal Underwriter...................... p. 5 Independent Registered Public Accounting Firm..................................... p. 6 Financial Statements
-------------------------------------------------------------------------------- RIVERSOURCE RAVA 5 ADVANTAGE / RAVA 5 SELECT / RAVA 5 ACCESS VARIABLE ANNUITY NEW YORK -- PROSPECTUS 109 (RIVERSOURCE ANNUITIES LOGO) RiverSource Life Insurance Co. of New York 20 Madison Avenue Extension Albany, NY 12203 1 (800) 541-2251 RiverSource Distributors, Inc. (Distributor), Member FINRA. Insurance and annuity products are issued by RiverSource Life Insurance Co. of New York, Albany, New York. Both companies are affiliated with Ameriprise Financial Services, Inc. Only RiverSource Life Insurance Co. of New York is authorized to sell insurance and annuities in New York. (C)2008-2011 RiverSource Life Insurance Company. All rights reserved. 140464 C (4/11) PART B. STATEMENT OF ADDITIONAL INFORMATION FOR RIVERSOURCE RETIREMENT ADVISOR VARIABLE ANNUITY(R) RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE(R) VARIABLE ANNUITY RIVERSOURCE RETIREMENT ADVISOR SELECT(R) VARIABLE ANNUITY RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE PLUS(R) VARIABLE ANNUITY RIVERSOURCE RETIREMENT ADVISOR SELECT PLUS(R) VARIABLE ANNUITY RIVERSOURCE RETIREMENT ADVISOR 4 ADVANTAGE(R) VARIABLE ANNUITY RIVERSOURCE RETIREMENT ADVISOR 4 SELECT(R) VARIABLE ANNUITY RIVERSOURCE RETIREMENT ADVISOR 4 ACCESS(R) VARIABLE ANNUITY RIVERSOURCE(R) RAVA 5 ADVANTAGE VARIABLE ANNUITY RIVERSOURCE(R) RAVA 5 SELECT VARIABLE ANNUITY RIVERSOURCE(R) RAVA 5 ACCESS VARIABLE ANNUITY RIVERSOURCE(R) FLEXIBLE PORTFOLIO ANNUITY RIVERSOURCE VARIABLE ACCOUNT 10 (previously IDS Life Variable Account 10) APRIL 29, 2011 RiverSource Variable Account 10 is a separate account of RiverSource Life Insurance Company (RiverSource Life). This Statement of Additional Information (SAI) is not a prospectus. It should be read together with the prospectus dated the same date as this SAI, which may be obtained from your sales representative, or by writing or calling us at the address and telephone number below. This SAI contains financial information for all the subaccounts of RiverSource Variable Account 10. Not all subaccounts of RiverSource Variable Account 10 apply to your specific contract. RiverSource Life Insurance Company 70100 Ameriprise Financial Center Minneapolis, MN 55474 (800) 862-7919 S-6325 J (4/11) TABLE OF CONTENTS Calculating Annuity Payouts..................................................... p. 3 Rating Agencies ................................................................ p. 4 Revenues Received During Calendar Year 2010..................................... p. 4 Principal Underwriter........................................................... p. 5 Independent Registered Public Accounting Firm................................... p. 5 Financial Statements
2 RIVERSOURCE VARIABLE ACCOUNT 10 CALCULATING ANNUITY PAYOUTS THE VARIABLE ACCOUNT We do the following calculations separately for each of the subaccounts of the variable account. The separate monthly payouts, added together, make up your total variable annuity payout. INITIAL PAYOUT: To compute your first monthly payout, we: - determine the dollar value of your contract on the valuation date and deduct any applicable premium tax; then - apply the result to the annuity table contained in the contract or another table at least as favorable. The annuity table shows the amount of the first monthly payout for each $1,000 of value which depends on factors built into the table, as described below. ANNUITY UNITS: We then convert the value of your subaccount to annuity units. To compute the number of units credited to you, we divide the first monthly payout by the annuity unit value (see below) on the valuation date. The number of units in your subaccount is fixed. The value of the units fluctuates with the performance of the underlying fund. SUBSEQUENT PAYOUTS: To compute later payouts, we multiply: - the annuity unit value on the valuation date; by - the fixed number of annuity units credited to you. ANNUITY UNIT VALUES: We originally set this value at $1 for each subaccount. To calculate later values we multiply the last annuity value by the product of: - the net investment factor; and - the neutralizing factor. The purpose of the neutralizing factor is to offset the effect of the assumed rate built into the annuity table. With an assumed investment rate of 5%, the neutralizing factor is 0.999866 for a one day valuation period. NET INVESTMENT FACTOR: We determine the net investment factor by: - adding the fund's current net asset value per share plus the per share amount of any accrued income or capital gain dividends to obtain a current adjusted net asset value per share; then - dividing that sum by the previous adjusted net asset value per share; and - subtracting the percentage factor representing the mortality and expense risk fee from the result. Because the net asset value of the fund may fluctuate, the net investment factor may be greater or less than one, and the annuity unit value may increase or decrease. You bear this investment risk in a subaccount. THE FIXED ACCOUNT We guarantee your fixed annuity payout amounts. Once calculated, your payout will remain the same and never change. To calculate your annuity payouts we: - take the value of your fixed account at the retirement/settlement date or the date you selected to begin receiving your annuity payouts; then - using an annuity table, we apply the value according to the annuity payout plan you select. The annuity payout table we use will be the one in effect at the time you choose to begin your annuity payouts. The values in the table will be equal to or greater than the table in your contract. RIVERSOURCE VARIABLE ACCOUNT 10 3 RATING AGENCIES We receive ratings from independent rating agencies. These agencies evaluate the financial soundness and claims-paying ability of insurance companies based on a number of different factors. The ratings reflect each agency's estimation of our ability to meet our contractual obligations such as making annuity payouts and paying death benefits and other distributions. As such, the ratings relate to our fixed account and not to the subaccounts. This information generally does not relate to the management or performance of the subaccounts. For detailed information on the agency ratings given to RiverSource Life, see "Debt & Ratings Information" under "Investors Relations" on our website at ameriprise.com or contact your sales representative. You also may view our current ratings by visiting the agency websites directly at: A.M. Best www.ambest.com Fitch www.fitchratings.com Moody's www.moodys.com/insurance Standard & Poor's www.standardandpoors.com
A.M. Best -- Rates insurance companies for their financial strength. Fitch -- Rates insurance companies for their claims-paying ability. Moody's -- Rates insurance companies for their financial strength. Standard & Poor's -- Rates insurance companies for their financial strength. REVENUES RECEIVED DURING CALENDAR YEAR 2010 The following table shows the funds ranked according to highest to lowest total dollar amounts the funds and their affiliates paid to us and/or our affiliates in 2010. Some of these funds may not be available under your contract or policy. Please see your contract or policy prospectus regarding the investment options available to you.
-------------------------------------------------------------------------------------------- Affiliated Funds* $228,088,727.84 Oppenheimer Variable Account Funds $ 15,628,735.56 Fidelity(R) Variable Insurance Products $ 14,724,257.96 Invesco Variable Insurance Funds/Invesco Van Kampen Variable Insurance Funds $ 11,870,799.94 Janus Aspen Series $ 6,582,362.41 AllianceBernstein Variable Products Series Fund, Inc. $ 5,575,475.35 Wells Fargo Advantage Variable Trust Funds $ 5,074,972.89 PIMCO Variable Insurance Trust $ 5,059,767.06 Franklin(R) Templeton(R) Variable Insurance Products Trust $ 4,281,966.04 Eaton Vance Variable Trust $ 3,798,366.80 American Century(R) Variable Portfolios, Inc. $ 3,762,399.53 Goldman Sachs Variable Insurance Trust $ 3,644,842.55 MFS(R) Variable Insurance Trust(SM) $ 2,954,011.59 Morgan Stanley UIF $ 1,888,990.85 Putnam Variable Trust $ 1,013,384.89 Neuberger Berman Advisers Management Trust $ 989,755.86 Credit Suisse Trust $ 841,648.92 Royce Capital Fund $ 330,694.17 Third Avenue Variable Series Trust $ 301,521.50 Dreyfus Investment Portfolios/Dreyfus Variable Investment Fund $ 124,287.46 Calvert Variable Series, Inc. $ 118,238.87 Legg Mason Partners Variable Portfolios $ 38,989.33 Lazard Retirement Series, Inc. $ 2,317.20 Lincoln Variable Insurance Products Trust $ 1,898.72 J.P. Morgan Series Trust II $ 1,552.86 --------------------------------------------------------------------------------------------
* Affiliated Funds include funds offered under: Columbia Funds Variable Insurance Trust, Columbia Funds Variable Insurance Trust I, Columbia Funds Variable Series Trust II (previously RiverSource Variable Series Trust) and Wanger Advisors Trust. 4 RIVERSOURCE VARIABLE ACCOUNT 10 PRINCIPAL UNDERWRITER RiverSource Distributors, Inc. (RiverSource Distributors), our affiliate, serves as principal underwriter for the contracts, which are offered on a continuous basis. Its offices are located at 70100 Ameriprise Financial Center, Minneapolis, MN 55474. RiverSource Distributors is registered with the Securities and Exchange Commission under the Securities Act of 1934 as a broker dealer and is a member of the Financial Industry Regulatory Authority (FINRA). The contracts are offered to the public through certain securities broker- dealers that have entered into sales agreements with us and RiverSource Distributors and whose personnel are legally authorized to sell annuity and life insurance products. RiverSource Distributors is a wholly-owned subsidiary of Ameriprise Financial. The aggregate dollar amount of underwriting commissions paid to RiverSource Distributors for the variable account in 2010 was $391,347,519; in 2009 was $307,628,681; and in 2008 was $383,542,107. RiverSource Distributors retained no underwriting commissions from the sale of the contracts. INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Ernst & Young LLP, independent registered public accounting firm, has audited the consolidated financial statements of RiverSource Life Insurance Company at Dec. 31, 2010 and 2009, and for each of the three years in the period ended Dec. 31, 2010, and the individual financial statements of the segregated asset divisions of RiverSource Variable Account 10, sponsored by RiverSource Life Insurance Company, at Dec. 31, 2010, and for each of the periods indicated therein, as set forth in their reports thereon appearing elsewhere herein. We've included our financial statements in the Statement of Additional Information in reliance upon such reports given on the authority of Ernst & Young LLP as experts in accounting and auditing. RIVERSOURCE VARIABLE ACCOUNT 10 5 CONDENSED FINANCIAL INFORMATION (UNAUDITED) The following tables give per-unit information about the financial history of each subaccount. The date in which operations commenced in each subaccount is noted in parentheses.
VARIABLE ACCOUNT CHARGES OF 0.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.08 $0.71 $1.36 $1.14 $1.06 $1.00 -- -- -- -- Accumulation unit value at end of period $1.28 $1.08 $0.71 $1.36 $1.14 $1.06 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 76 69 49 61 653 144 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $0.97 $0.81 $1.37 $1.31 $1.13 $1.09 $0.98 $0.75 $0.97 $1.00 Accumulation unit value at end of period $1.08 $0.97 $0.81 $1.37 $1.31 $1.13 $1.09 $0.98 $0.75 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 321 388 452 1,081 1,374 1,186 726 969 310 136 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $1.66 $1.24 $2.68 $2.55 $1.90 $1.64 $1.32 $0.92 $0.98 $1.00 Accumulation unit value at end of period $1.72 $1.66 $1.24 $2.68 $2.55 $1.90 $1.64 $1.32 $0.92 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 1,076 1,925 3,352 3,600 3,592 2,607 984 472 606 210 -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS I (09/15/1999) Accumulation unit value at beginning of period $1.13 $0.85 $1.54 $1.32 $1.06 $0.94 $0.82 $0.66 $0.84 $1.19 Accumulation unit value at end of period $1.27 $1.13 $0.85 $1.54 $1.32 $1.06 $0.94 $0.82 $0.66 $0.84 Number of accumulation units outstanding at end of period (000 omitted) 10 10 20 155 352 594 675 517 634 781 -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.24 $0.93 $1.70 $1.45 $1.17 $1.04 $0.91 $0.74 $0.93 $1.00 Accumulation unit value at end of period $1.39 $1.24 $0.93 $1.70 $1.45 $1.17 $1.04 $0.91 $0.74 $0.93 Number of accumulation units outstanding at end of period (000 omitted) 65 263 286 389 365 314 127 5 254 1 -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.88 $0.68 $0.90 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.88 $0.68 $0.90 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 153 1,289 1,327 1,710 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.93 $0.69 $1.20 $1.00 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 $0.93 $0.69 $1.20 $1.00 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 73 91 72 187 2,939 618 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS I (09/15/1999) Accumulation unit value at beginning of period $1.55 $1.30 $1.79 $1.89 $1.61 $1.54 $1.35 $1.06 $1.21 $1.08 Accumulation unit value at end of period $1.75 $1.55 $1.30 $1.79 $1.89 $1.61 $1.54 $1.35 $1.06 $1.21 Number of accumulation units outstanding at end of period (000 omitted) 232 259 524 578 747 1,037 1,067 904 766 506 -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.31 $1.10 $1.51 $1.61 $1.36 $1.31 $1.15 $0.90 $1.04 $1.00 Accumulation unit value at end of period $1.47 $1.31 $1.10 $1.51 $1.61 $1.36 $1.31 $1.15 $0.90 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 525 469 483 848 1,060 1,104 1,064 673 483 146 -------------------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (05/01/2000) Accumulation unit value at beginning of period $0.99 $0.79 $1.16 $1.13 $1.05 $1.00 $0.93 $0.78 $0.89 $0.96 Accumulation unit value at end of period $1.10 $0.99 $0.79 $1.16 $1.13 $1.05 $1.00 $0.93 $0.78 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 6 10 24 21 18 5 54 8 8 6 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (04/28/2006) Accumulation unit value at beginning of period $1.16 $0.81 $1.09 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.29 $1.16 $0.81 $1.09 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 321 461 402 788 585 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.91 $0.72 $1.20 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.10 $0.91 $0.72 $1.20 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 699 7,497 6,506 5,466 2,834 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.65 $1.27 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.89 $0.65 $1.27 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 459 810 730 772 2,194 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.75 $1.13 $0.97 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.03 $0.89 $0.75 $1.13 $0.97 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 533 605 506 677 1,600 -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
6 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - U.S. EQUITY FLEX I PORTFOLIO (10/02/2009) Accumulation unit value at beginning of period $1.09 $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.24 $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16 16 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.08 $0.76 $1.04 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.18 $1.08 $0.76 $1.04 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,433 2,787 2,025 2,116 2,567 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.93 $0.69 $1.21 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.08 $0.93 $0.69 $1.21 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,532 4,368 8,518 7,443 6,582 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS (09/15/1999) Accumulation unit value at beginning of period $0.95 $0.75 $1.30 $1.17 $1.04 $0.97 $0.92 $0.75 $0.91 $1.00 Accumulation unit value at end of period $1.09 $0.95 $0.75 $1.30 $1.17 $1.04 $0.97 $0.92 $0.75 $0.91 Number of accumulation units outstanding at end of period (000 omitted) 92 148 226 676 754 1,103 1,370 1,249 1,172 1,090 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.04 $0.82 $1.42 $1.28 $1.14 $1.06 $1.01 $0.83 $1.00 $1.00 Accumulation unit value at end of period $1.18 $1.04 $0.82 $1.42 $1.28 $1.14 $1.06 $1.01 $0.83 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 473 805 963 1,126 1,624 1,338 994 432 233 132 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS (09/15/1999) Accumulation unit value at beginning of period $3.08 $2.21 $3.68 $3.20 $2.86 $2.43 $1.96 $1.42 $1.59 $1.65 Accumulation unit value at end of period $3.94 $3.08 $2.21 $3.68 $3.20 $2.86 $2.43 $1.96 $1.42 $1.59 Number of accumulation units outstanding at end of period (000 omitted) 195 298 492 591 664 915 1,023 984 862 781 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.99 $1.43 $2.39 $2.08 $1.86 $1.59 $1.28 $0.93 $1.04 $1.00 Accumulation unit value at end of period $2.55 $1.99 $1.43 $2.39 $2.08 $1.86 $1.59 $1.28 $0.93 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 1,379 2,734 3,823 3,786 4,011 2,702 1,034 510 325 132 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS (09/15/1999) Accumulation unit value at beginning of period $1.12 $0.89 $1.59 $1.37 $1.16 $0.98 $0.87 $0.61 $0.77 $0.99 Accumulation unit value at end of period $1.26 $1.12 $0.89 $1.59 $1.37 $1.16 $0.98 $0.87 $0.61 $0.77 Number of accumulation units outstanding at end of period (000 omitted) 20 28 48 92 298 605 429 144 82 114 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.35 $1.08 $1.93 $1.66 $1.42 $1.20 $1.06 $0.75 $0.95 $1.00 Accumulation unit value at end of period $1.52 $1.35 $1.08 $1.93 $1.66 $1.42 $1.20 $1.06 $0.75 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 548 558 771 890 1,130 728 573 205 324 7 -------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $1.75 $1.48 $2.58 $3.27 $2.73 $2.42 $1.85 $1.37 $1.35 $1.26 Accumulation unit value at end of period $2.10 $1.75 $1.48 $2.58 $3.27 $2.73 $2.42 $1.85 $1.37 $1.35 Number of accumulation units outstanding at end of period (000 omitted) 203 232 262 688 836 667 487 349 205 211 -------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $2.07 $1.61 $2.42 $2.49 $2.14 $1.98 $1.61 $1.22 $1.35 $1.20 Accumulation unit value at end of period $2.64 $2.07 $1.61 $2.42 $2.49 $2.14 $1.98 $1.61 $1.22 $1.35 Number of accumulation units outstanding at end of period (000 omitted) 215 352 465 576 738 593 414 242 282 150 -------------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.23 $0.98 $1.57 $1.53 $1.30 $1.18 $1.05 $0.85 $0.97 $1.00 Accumulation unit value at end of period $1.36 $1.23 $0.98 $1.57 $1.53 $1.30 $1.18 $1.05 $0.85 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 354 525 670 761 865 716 533 667 130 -- -------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $2.30 $1.74 $2.78 $2.71 $2.34 $2.09 $1.67 $1.31 $1.38 $1.24 Accumulation unit value at end of period $2.86 $2.30 $1.74 $2.78 $2.71 $2.34 $2.09 $1.67 $1.31 $1.38 Number of accumulation units outstanding at end of period (000 omitted) 738 922 1,060 2,008 2,339 1,930 834 639 450 200 -------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED SMALL CAP EQUITY FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $1.38 $1.09 $1.66 $2.00 $1.79 $1.69 $1.46 $1.01 $1.19 $1.15 Accumulation unit value at end of period $1.79 $1.38 $1.09 $1.66 $2.00 $1.79 $1.69 $1.46 $1.01 $1.19 Number of accumulation units outstanding at end of period (000 omitted) 4 9 11 12 114 119 150 104 87 97 -------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $0.87 $0.72 $1.15 $1.18 $1.05 $0.99 $0.87 $0.67 $0.87 $0.99 Accumulation unit value at end of period $0.98 $0.87 $0.72 $1.15 $1.18 $1.05 $0.99 $0.87 $0.67 $0.87 Number of accumulation units outstanding at end of period (000 omitted) 745 826 1,128 1,678 2,499 3,019 1,522 735 694 943 --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 7
VARIABLE ACCOUNT CHARGES OF 0.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES I SHARES (09/15/1999) Accumulation unit value at beginning of period $0.80 $0.67 $1.16 $1.05 $0.99 $0.91 $0.86 $0.67 $0.89 $1.17 Accumulation unit value at end of period $0.92 $0.80 $0.67 $1.16 $1.05 $0.99 $0.91 $0.86 $0.67 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 279 280 335 310 380 910 866 867 1,024 1,358 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $0.86 $0.72 $1.26 $1.14 $1.08 $1.00 $0.94 $0.73 $0.98 $1.00 Accumulation unit value at end of period $0.99 $0.86 $0.72 $1.26 $1.14 $1.08 $1.00 $0.94 $0.73 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 300 451 495 371 489 1,554 110 85 4 6 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES I SHARES (09/15/1999) Accumulation unit value at beginning of period $1.58 $1.12 $2.12 $1.92 $1.66 $1.52 $1.32 $0.98 $1.26 $1.38 Accumulation unit value at end of period $1.87 $1.58 $1.12 $2.12 $1.92 $1.66 $1.52 $1.32 $0.98 $1.26 Number of accumulation units outstanding at end of period (000 omitted) 61 74 118 134 212 283 298 274 302 394 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $1.21 $0.86 $1.63 $1.48 $1.28 $1.18 $1.03 $0.77 $0.98 $1.00 Accumulation unit value at end of period $1.43 $1.21 $0.86 $1.63 $1.48 $1.28 $1.18 $1.03 $0.77 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 19 54 71 208 183 141 107 284 180 3 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. DYNAMICS FUND, SERIES I SHARES (08/13/2001) Accumulation unit value at beginning of period $1.04 $0.74 $1.43 $1.28 $1.11 $1.01 $0.89 $0.65 $0.96 $1.00 Accumulation unit value at end of period $1.29 $1.04 $0.74 $1.43 $1.28 $1.11 $1.01 $0.89 $0.65 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 3 3 8 12 11 19 18 249 149 1 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES I SHARES (08/13/2001) Accumulation unit value at beginning of period $0.55 $0.44 $1.08 $1.39 $1.20 $1.14 $1.06 $0.82 $0.97 $1.00 Accumulation unit value at end of period $0.60 $0.55 $0.44 $1.08 $1.39 $1.20 $1.14 $1.06 $0.82 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 187 606 149 54 158 140 132 66 3 -- -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.02 $0.81 $1.14 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.07 $1.02 $0.81 $1.14 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 132 403 73 115 1,114 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.25 $0.93 $1.58 $1.39 $1.09 $1.00 -- -- -- -- Accumulation unit value at end of period $1.40 $1.25 $0.93 $1.58 $1.39 $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 380 2,658 2,794 1,479 105 5 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. TECHNOLOGY FUND, SERIES I SHARES (08/13/2001) Accumulation unit value at beginning of period $0.75 $0.48 $0.86 $0.81 $0.73 $0.72 $0.69 $0.48 $0.91 $1.00 Accumulation unit value at end of period $0.90 $0.75 $0.48 $0.86 $0.81 $0.73 $0.72 $0.69 $0.48 $0.91 Number of accumulation units outstanding at end of period (000 omitted) 618 411 351 275 418 532 249 96 3 -- -------------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.09 $0.85 $1.34 $1.38 $1.19 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.26 $1.09 $0.85 $1.34 $1.38 $1.19 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 719 2,639 3,700 3,639 4,892 3,642 641 -- -- -- -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES ENTERPRISE PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $0.59 $0.41 $0.74 $0.61 $0.54 $0.49 $0.41 $0.30 $0.42 $0.70 Accumulation unit value at end of period $0.74 $0.59 $0.41 $0.74 $0.61 $0.54 $0.49 $0.41 $0.30 $0.42 Number of accumulation units outstanding at end of period (000 omitted) 34 30 30 51 125 125 144 215 246 280 -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES GLOBAL TECHNOLOGY PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $0.46 $0.29 $0.53 $0.43 $0.41 $0.37 $0.37 $0.25 $0.43 $0.68 Accumulation unit value at end of period $0.57 $0.46 $0.29 $0.53 $0.43 $0.41 $0.37 $0.37 $0.25 $0.43 Number of accumulation units outstanding at end of period (000 omitted) 100 41 22 37 180 200 333 426 343 202 -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.86 $0.63 $1.06 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.86 $0.63 $1.06 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 568 6,880 6,240 5,448 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES OVERSEAS PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $1.47 $0.82 $1.73 $1.36 $0.93 $0.71 $0.60 $0.45 $0.61 $0.80 Accumulation unit value at end of period $1.82 $1.47 $0.82 $1.73 $1.36 $0.93 $0.71 $0.60 $0.45 $0.61 Number of accumulation units outstanding at end of period (000 omitted) 226 395 275 272 231 250 132 295 875 606 -------------------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.85 $0.60 $1.02 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.06 $0.85 $0.60 $1.02 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 109 136 127 65 -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
8 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.68 $0.49 $0.79 $0.71 $0.67 $0.64 $0.59 $0.49 $0.68 $0.91 Accumulation unit value at end of period $0.76 $0.68 $0.49 $0.79 $0.71 $0.67 $0.64 $0.59 $0.49 $0.68 Number of accumulation units outstanding at end of period (000 omitted) 178 406 260 317 481 640 522 874 785 913 -------------------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $1.00 $0.62 $1.02 $1.01 $0.90 $0.86 $0.81 $0.61 $0.90 $0.96 Accumulation unit value at end of period $1.35 $1.00 $0.62 $1.02 $1.01 $0.90 $0.86 $0.81 $0.61 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 102 190 92 130 243 558 576 622 485 548 -------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (08/13/2001) Accumulation unit value at beginning of period $1.86 $1.41 $2.28 $1.80 $1.38 $1.19 $0.92 $0.68 $0.89 $1.00 Accumulation unit value at end of period $2.11 $1.86 $1.41 $2.28 $1.80 $1.38 $1.19 $0.92 $0.68 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 500 562 821 765 1,065 588 211 139 139 138 -------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.62 $1.12 $1.23 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.06 $0.87 $0.62 $1.12 $1.23 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 451 1,794 1,961 1,463 1,473 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.00 $0.64 $1.21 $0.99 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.31 $1.00 $0.64 $1.21 $0.99 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 317 356 270 140 1,068 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.76 $0.57 $1.07 $1.05 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.93 $0.76 $0.57 $1.07 $1.05 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 142 1,718 1,971 2,116 1,957 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.33 $0.96 $1.62 $1.53 $1.31 $1.16 $1.00 -- -- -- Accumulation unit value at end of period $1.53 $1.33 $0.96 $1.62 $1.53 $1.31 $1.16 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 524 604 777 1,099 1,309 756 158 -- -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.27 $1.08 $1.27 $1.16 $1.09 $1.07 $1.00 -- -- -- Accumulation unit value at end of period $1.45 $1.27 $1.08 $1.27 $1.16 $1.09 $1.07 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,938 8,634 8,498 9,223 6,331 3,173 403 -- -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.18 $0.87 $1.41 $1.44 $1.26 $1.16 $1.00 -- -- -- Accumulation unit value at end of period $1.45 $1.18 $0.87 $1.41 $1.44 $1.26 $1.16 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 368 717 646 676 773 643 432 -- -- -- -------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.13 $0.94 $1.12 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.27 $1.13 $0.94 $1.12 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 590 3,431 4,628 4,555 4,105 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT GLOBAL HEALTH CARE FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.15 $0.92 $1.11 $1.12 $1.10 $0.98 $0.92 $0.78 $0.98 $1.00 Accumulation unit value at end of period $1.17 $1.15 $0.92 $1.11 $1.12 $1.10 $0.98 $0.92 $0.78 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 40 27 111 67 195 218 67 170 145 129 -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT INTERNATIONAL EQUITY FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.23 $0.99 $1.78 $1.65 $1.30 $1.16 $1.01 $0.79 $0.96 $1.00 Accumulation unit value at end of period $1.34 $1.23 $0.99 $1.78 $1.65 $1.30 $1.16 $1.01 $0.79 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 32 57 91 69 164 145 194 207 881 418 -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 139 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- ROYCE CAPITAL FUND - MICRO-CAP PORTFOLIO, INVESTMENT CLASS (09/15/1999) Accumulation unit value at beginning of period $3.13 $1.99 $3.53 $3.41 $2.83 $2.55 $2.26 $1.52 $1.75 $1.36 Accumulation unit value at end of period $4.05 $3.13 $1.99 $3.53 $3.41 $2.83 $2.55 $2.26 $1.52 $1.75 Number of accumulation units outstanding at end of period (000 omitted) 39 66 81 358 405 539 591 516 453 344 -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.70 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.87 $0.70 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 581 914 547 -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 9
VARIABLE ACCOUNT CHARGES OF 0.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.98 $0.84 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.06 $0.98 $0.84 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 33 50 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.91 $0.76 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 111 41 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 85 83 67 -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.94 $0.79 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.94 $0.79 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- 3 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.09 $0.88 $1.26 $1.25 $1.10 $1.06 $0.97 $0.81 $0.94 $1.06 Accumulation unit value at end of period $1.22 $1.09 $0.88 $1.26 $1.25 $1.10 $1.06 $0.97 $0.81 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 634 733 602 372 459 623 257 221 120 296 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.24 $1.25 $1.22 $1.17 $1.13 $1.11 $1.11 $1.11 $1.10 $1.07 Accumulation unit value at end of period $1.23 $1.24 $1.25 $1.22 $1.17 $1.13 $1.11 $1.11 $1.11 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 613 2,492 10,988 11,779 8,286 4,504 2,098 447 3,911 5,658 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.51 $1.33 $1.43 $1.36 $1.31 $1.29 $1.24 $1.20 $1.14 $1.06 Accumulation unit value at end of period $1.63 $1.51 $1.33 $1.43 $1.36 $1.31 $1.29 $1.24 $1.20 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 3,828 10,140 8,140 9,540 7,272 3,619 2,145 1,691 762 985 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.47 $1.16 $1.96 $1.83 $1.53 $1.36 $1.16 $0.82 $1.02 $1.01 Accumulation unit value at end of period $1.71 $1.47 $1.16 $1.96 $1.83 $1.53 $1.36 $1.16 $0.82 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 2,153 7,610 8,565 9,289 9,434 5,165 3,041 1,239 1,262 281 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.70 $0.57 $0.99 $0.97 $0.85 $0.80 $0.76 $0.59 $0.76 $0.94 Accumulation unit value at end of period $0.82 $0.70 $0.57 $0.99 $0.97 $0.85 $0.80 $0.76 $0.59 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 565 877 1,397 1,682 2,453 3,121 1,484 172 202 291 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.72 $1.55 $1.56 $1.46 $1.38 $1.46 $1.33 $1.18 $1.04 $1.03 Accumulation unit value at end of period $1.82 $1.72 $1.55 $1.56 $1.46 $1.38 $1.46 $1.33 $1.18 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 1,599 3,215 2,861 3,115 2,645 1,377 741 714 251 249 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.20 $1.13 $1.13 $1.06 $1.05 $1.03 $1.00 -- -- -- Accumulation unit value at end of period $1.24 $1.20 $1.13 $1.13 $1.06 $1.05 $1.03 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,988 5,705 2,307 2,713 2,959 1,455 5,004 -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.61 $1.05 $1.41 $1.39 $1.26 $1.22 $1.10 $0.89 $0.95 $0.91 Accumulation unit value at end of period $1.82 $1.61 $1.05 $1.41 $1.39 $1.26 $1.22 $1.10 $0.89 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 706 639 713 1,605 1,925 2,397 2,886 4,230 1,480 1,549 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.34 $0.95 $1.17 $1.15 $1.07 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.51 $1.34 $0.95 $1.17 $1.15 $1.07 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,132 5,111 2,233 2,599 2,358 493 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (05/01/2001) Accumulation unit value at beginning of period $1.26 $0.78 $1.41 $1.25 $1.26 $1.15 $1.06 $0.87 $1.01 $1.00 Accumulation unit value at end of period $1.58 $1.26 $0.78 $1.41 $1.25 $1.26 $1.15 $1.06 $0.87 $1.01 Number of accumulation units outstanding at end of period (000 omitted) 238 363 242 268 450 655 523 578 328 38 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.15 $0.82 $1.50 $1.37 $1.20 $1.00 -- -- -- -- Accumulation unit value at end of period $1.40 $1.15 $0.82 $1.50 $1.37 $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 338 1,292 1,658 1,406 2,575 115 -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
10 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $0.83 $0.66 $1.05 $1.01 $0.88 $0.85 $0.77 $0.61 $0.79 $0.90 Accumulation unit value at end of period $0.94 $0.83 $0.66 $1.05 $1.01 $0.88 $0.85 $0.77 $0.61 $0.79 Number of accumulation units outstanding at end of period (000 omitted) 314 741 1,447 1,022 1,170 2,054 1,958 1,381 973 770 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.36 $1.30 $1.34 $1.28 $1.24 $1.23 $1.22 $1.21 $1.15 $1.09 Accumulation unit value at end of period $1.39 $1.36 $1.30 $1.34 $1.28 $1.24 $1.23 $1.22 $1.21 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 1,670 825 1,394 817 493 688 870 1,097 1,275 592 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.57 $0.42 $0.75 $0.73 $0.67 $0.62 $0.57 $0.47 $0.64 $0.94 Accumulation unit value at end of period $0.66 $0.57 $0.42 $0.75 $0.73 $0.67 $0.62 $0.57 $0.47 $0.64 Number of accumulation units outstanding at end of period (000 omitted) 1,192 2,260 2,601 3,768 6,049 6,193 2,153 1,664 1,064 1,285 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.01 $0.81 $1.34 $1.35 $1.14 $1.10 $1.00 -- -- -- Accumulation unit value at end of period $1.21 $1.01 $0.81 $1.34 $1.35 $1.14 $1.10 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 120 195 67 67 184 92 65 -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.44 $1.04 $1.70 $1.79 $1.61 $1.54 $1.31 $0.89 $1.08 $1.16 Accumulation unit value at end of period $1.82 $1.44 $1.04 $1.70 $1.79 $1.61 $1.54 $1.31 $0.89 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 71 57 113 214 333 514 779 660 393 378 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $2.31 $1.33 $2.90 $2.11 $1.58 $1.19 $0.96 $0.69 $0.73 $0.75 Accumulation unit value at end of period $2.75 $2.31 $1.33 $2.90 $2.11 $1.58 $1.19 $0.96 $0.69 $0.73 Number of accumulation units outstanding at end of period (000 omitted) 1,028 1,522 2,437 1,993 2,144 1,491 475 115 277 3 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.96 $0.76 $1.28 $1.14 $0.92 $0.82 $0.70 $0.55 $0.67 $0.95 Accumulation unit value at end of period $1.09 $0.96 $0.76 $1.28 $1.14 $0.92 $0.82 $0.70 $0.55 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 399 910 1,080 1,307 1,343 1,252 848 143 488 65 -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 395 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26,354 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,174 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,371 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.90 $0.69 $1.13 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.90 $0.69 $1.13 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 276 7,045 4,641 3,570 3,666 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.17 $0.86 $1.37 $1.30 $1.13 $1.13 $1.00 -- -- -- Accumulation unit value at end of period $1.42 $1.17 $0.86 $1.37 $1.30 $1.13 $1.13 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 115 176 74 115 77 235 182 -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.10 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 507 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.10 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 21,627 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 11
VARIABLE ACCOUNT CHARGES OF 0.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,007 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 23,294 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,162 -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (08/14/2001) Accumulation unit value at beginning of period $1.68 $1.24 $1.82 $1.92 $1.61 $1.53 $1.28 $0.93 $1.07 $1.00 Accumulation unit value at end of period $2.08 $1.68 $1.24 $1.82 $1.92 $1.61 $1.53 $1.28 $0.93 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 707 3,210 3,353 3,487 2,495 2,068 860 982 627 411 -------------------------------------------------------------------------------------------------------------------------- THIRD AVENUE VALUE PORTFOLIO (09/21/1999) Accumulation unit value at beginning of period $2.58 $1.79 $3.19 $3.37 $2.92 $2.57 $2.15 $1.52 $1.71 $1.51 Accumulation unit value at end of period $2.93 $2.58 $1.79 $3.19 $3.37 $2.92 $2.57 $2.15 $1.52 $1.71 Number of accumulation units outstanding at end of period (000 omitted) 38 62 123 175 287 371 347 311 279 314 -------------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (09/15/1999) Accumulation unit value at beginning of period $2.15 $1.44 $2.67 $2.31 $1.69 $1.40 $1.08 $0.73 $0.85 $1.09 Accumulation unit value at end of period $2.67 $2.15 $1.44 $2.67 $2.31 $1.69 $1.40 $1.08 $0.73 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 1,120 2,334 2,433 2,932 3,471 2,814 1,701 1,136 1,484 769 -------------------------------------------------------------------------------------------------------------------------- WANGER USA (09/15/1999) Accumulation unit value at beginning of period $1.71 $1.21 $2.01 $1.92 $1.79 $1.62 $1.37 $0.96 $1.17 $1.05 Accumulation unit value at end of period $2.09 $1.71 $1.21 $2.01 $1.92 $1.79 $1.62 $1.37 $0.96 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 1,057 2,350 3,272 3,659 3,852 2,709 1,415 1,250 847 820 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (12/08/2003) Accumulation unit value at beginning of period $1.09 $0.81 $1.22 $1.13 $1.01 $0.94 $0.86 $0.83 -- -- Accumulation unit value at end of period $1.26 $1.09 $0.81 $1.22 $1.13 $1.01 $0.94 $0.86 -- -- Number of accumulation units outstanding at end of period (000 omitted) 71 -- 47 47 56 56 49 90 -- -- -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INDEX ASSET ALLOCATION FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.12 $0.98 $1.38 $1.29 $1.16 $1.11 $1.02 $0.84 $0.97 $1.00 Accumulation unit value at end of period $1.26 $1.12 $0.98 $1.38 $1.29 $1.16 $1.11 $1.02 $0.84 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 2 4 4 7 31 355 91 66 29 8 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.23 $1.07 $1.84 $1.62 $1.32 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.43 $1.23 $1.07 $1.84 $1.62 $1.32 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 337 2,398 408 500 669 661 76 -- -- -- -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.28 $0.87 $1.46 $1.38 $1.23 $1.15 $0.98 $0.72 $0.99 $1.00 Accumulation unit value at end of period $1.57 $1.28 $0.87 $1.46 $1.38 $1.23 $1.15 $0.98 $0.72 $0.99 Number of accumulation units outstanding at end of period (000 omitted) 121 298 182 331 421 467 408 445 314 136 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.20 $0.79 $1.35 $1.20 $0.98 $0.93 $0.82 $0.58 $0.94 $1.00 Accumulation unit value at end of period $1.51 $1.20 $0.79 $1.35 $1.20 $0.98 $0.93 $0.82 $0.58 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 198 225 258 231 84 35 10 10 6 2 --------------------------------------------------------------------------------------------------------------------------
12 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.07 $0.71 $1.36 $1.14 $1.06 $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 $1.07 $0.71 $1.36 $1.14 $1.06 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,452 5,299 3,750 4,111 14,120 2,021 -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $0.95 $0.80 $1.35 $1.30 $1.12 $1.08 $0.98 $0.74 $0.96 $1.00 Accumulation unit value at end of period $1.06 $0.95 $0.80 $1.35 $1.30 $1.12 $1.08 $0.98 $0.74 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 55,671 68,595 84,420 116,725 135,093 149,316 125,010 82,114 43,189 5,550 ---------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $1.63 $1.23 $2.64 $2.52 $1.88 $1.63 $1.31 $0.92 $0.98 $1.00 Accumulation unit value at end of period $1.69 $1.63 $1.23 $2.64 $2.52 $1.88 $1.63 $1.31 $0.92 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 102,937 150,692 202,780 217,241 203,016 153,107 70,504 34,604 12,313 805 ---------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS I (09/15/1999) Accumulation unit value at beginning of period $1.10 $0.83 $1.52 $1.30 $1.04 $0.93 $0.81 $0.66 $0.83 $1.19 Accumulation unit value at end of period $1.24 $1.10 $0.83 $1.52 $1.30 $1.04 $0.93 $0.81 $0.66 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 9,999 12,855 16,842 22,009 24,450 28,073 28,284 27,256 26,878 25,459 ---------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.22 $0.92 $1.68 $1.44 $1.16 $1.03 $0.91 $0.73 $0.93 $1.00 Accumulation unit value at end of period $1.37 $1.22 $0.92 $1.68 $1.44 $1.16 $1.03 $0.91 $0.73 $0.93 Number of accumulation units outstanding at end of period (000 omitted) 22,872 26,575 32,736 42,202 45,349 43,612 34,180 21,555 11,378 1,950 ---------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.87 $0.68 $0.90 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.03 $0.87 $0.68 $0.90 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,924 48,044 54,402 56,815 -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.92 $0.69 $1.19 $0.99 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.06 $0.92 $0.69 $1.19 $0.99 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,063 11,805 12,809 13,321 78,916 10,074 -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS I (09/15/1999) Accumulation unit value at beginning of period $1.52 $1.28 $1.76 $1.87 $1.59 $1.52 $1.34 $1.05 $1.21 $1.08 Accumulation unit value at end of period $1.71 $1.52 $1.28 $1.76 $1.87 $1.59 $1.52 $1.34 $1.05 $1.21 Number of accumulation units outstanding at end of period (000 omitted) 19,329 24,377 28,576 41,125 47,446 53,724 50,678 46,232 43,222 35,248 ---------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.29 $1.08 $1.49 $1.59 $1.35 $1.30 $1.15 $0.90 $1.04 $1.00 Accumulation unit value at end of period $1.45 $1.29 $1.08 $1.49 $1.59 $1.35 $1.30 $1.15 $0.90 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 64,096 72,598 82,749 118,591 136,167 142,660 110,681 74,984 42,497 7,356 ---------------------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (05/01/2000) Accumulation unit value at beginning of period $0.97 $0.78 $1.14 $1.12 $1.04 $0.99 $0.92 $0.78 $0.89 $0.96 Accumulation unit value at end of period $1.07 $0.97 $0.78 $1.14 $1.12 $1.04 $0.99 $0.92 $0.78 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 14,304 15,940 18,431 21,893 24,975 23,850 20,551 15,315 9,520 4,490 ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (04/28/2006) Accumulation unit value at beginning of period $1.15 $0.81 $1.08 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.28 $1.15 $0.81 $1.08 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 24,711 27,889 31,527 41,917 48,099 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.90 $0.72 $1.19 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $0.90 $0.72 $1.19 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 86,635 378,240 310,527 204,077 121,798 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.65 $1.27 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.89 $0.65 $1.27 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26,527 32,788 41,006 32,112 59,299 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.74 $1.13 $0.97 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.88 $0.74 $1.13 $0.97 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 37,446 39,767 30,400 17,045 51,380 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - U.S. EQUITY FLEX I PORTFOLIO (10/02/2009) Accumulation unit value at beginning of period $1.09 $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,198 5,200 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 13
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.08 $0.75 $1.04 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.17 $1.08 $0.75 $1.04 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 74,514 162,181 119,741 111,086 103,830 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.92 $0.68 $1.20 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.07 $0.92 $0.68 $1.20 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 192,769 269,589 398,515 294,643 244,121 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS (09/15/1999) Accumulation unit value at beginning of period $0.93 $0.74 $1.28 $1.15 $1.03 $0.96 $0.92 $0.75 $0.90 $1.00 Accumulation unit value at end of period $1.06 $0.93 $0.74 $1.28 $1.15 $1.03 $0.96 $0.92 $0.75 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 37,384 48,395 58,690 78,090 92,368 107,380 122,387 119,334 108,027 103,719 ---------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.02 $0.81 $1.40 $1.26 $1.13 $1.06 $1.01 $0.82 $1.00 $1.00 Accumulation unit value at end of period $1.16 $1.02 $0.81 $1.40 $1.26 $1.13 $1.06 $1.01 $0.82 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 77,301 92,559 113,690 148,743 173,861 189,109 187,351 119,284 48,686 6,363 ---------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS (09/15/1999) Accumulation unit value at beginning of period $3.02 $2.17 $3.61 $3.15 $2.82 $2.41 $1.94 $1.41 $1.58 $1.65 Accumulation unit value at end of period $3.85 $3.02 $2.17 $3.61 $3.15 $2.82 $2.41 $1.94 $1.41 $1.58 Number of accumulation units outstanding at end of period (000 omitted) 27,026 35,956 44,234 56,323 67,426 72,759 73,206 67,863 63,268 59,393 ---------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.96 $1.41 $2.36 $2.06 $1.85 $1.58 $1.27 $0.93 $1.04 $1.00 Accumulation unit value at end of period $2.50 $1.96 $1.41 $2.36 $2.06 $1.85 $1.58 $1.27 $0.93 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 132,015 187,652 236,346 264,423 290,678 260,492 188,565 109,647 50,458 6,903 ---------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS (09/15/1999) Accumulation unit value at beginning of period $1.10 $0.87 $1.57 $1.35 $1.15 $0.97 $0.86 $0.61 $0.77 $0.98 Accumulation unit value at end of period $1.23 $1.10 $0.87 $1.57 $1.35 $1.15 $0.97 $0.86 $0.61 $0.77 Number of accumulation units outstanding at end of period (000 omitted) 15,374 20,415 25,280 33,656 38,789 40,988 42,151 31,628 28,991 27,850 ---------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.33 $1.06 $1.91 $1.64 $1.40 $1.19 $1.06 $0.75 $0.95 $1.00 Accumulation unit value at end of period $1.49 $1.33 $1.06 $1.91 $1.64 $1.40 $1.19 $1.06 $0.75 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 36,566 43,314 53,513 66,434 74,339 70,878 66,935 31,322 13,157 2,147 ---------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $1.71 $1.45 $2.53 $3.23 $2.70 $2.39 $1.83 $1.36 $1.34 $1.25 Accumulation unit value at end of period $2.06 $1.71 $1.45 $2.53 $3.23 $2.70 $2.39 $1.83 $1.36 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 42,372 50,767 62,873 93,100 128,540 139,618 120,456 87,330 59,317 24,477 ---------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $2.02 $1.58 $2.38 $2.45 $2.11 $1.96 $1.59 $1.21 $1.35 $1.19 Accumulation unit value at end of period $2.58 $2.02 $1.58 $2.38 $2.45 $2.11 $1.96 $1.59 $1.21 $1.35 Number of accumulation units outstanding at end of period (000 omitted) 34,971 42,025 52,033 66,946 78,886 78,073 59,293 43,978 29,743 10,800 ---------------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.21 $0.97 $1.55 $1.51 $1.29 $1.17 $1.05 $0.85 $0.97 $1.00 Accumulation unit value at end of period $1.34 $1.21 $0.97 $1.55 $1.51 $1.29 $1.17 $1.05 $0.85 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 50,331 57,678 68,255 94,998 90,391 69,986 45,710 26,370 10,942 942 ---------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $2.26 $1.71 $2.73 $2.67 $2.31 $2.07 $1.65 $1.30 $1.37 $1.23 Accumulation unit value at end of period $2.80 $2.26 $1.71 $2.73 $2.67 $2.31 $2.07 $1.65 $1.30 $1.37 Number of accumulation units outstanding at end of period (000 omitted) 64,121 78,043 97,291 139,637 163,687 174,918 115,616 83,015 56,079 23,748 ---------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED SMALL CAP EQUITY FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $1.35 $1.07 $1.63 $1.97 $1.76 $1.68 $1.45 $1.00 $1.19 $1.14 Accumulation unit value at end of period $1.75 $1.35 $1.07 $1.63 $1.97 $1.76 $1.68 $1.45 $1.00 $1.19 Number of accumulation units outstanding at end of period (000 omitted) 3,153 3,757 4,574 6,389 8,977 10,823 12,173 13,511 14,285 14,153 ---------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $0.85 $0.71 $1.14 $1.16 $1.04 $0.98 $0.86 $0.67 $0.86 $0.99 Accumulation unit value at end of period $0.96 $0.85 $0.71 $1.14 $1.16 $1.04 $0.98 $0.86 $0.67 $0.86 Number of accumulation units outstanding at end of period (000 omitted) 90,486 108,298 131,282 187,585 231,223 248,935 128,074 83,166 71,820 60,343 ---------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES I SHARES (09/15/1999) Accumulation unit value at beginning of period $0.79 $0.65 $1.15 $1.03 $0.98 $0.90 $0.85 $0.66 $0.88 $1.16 Accumulation unit value at end of period $0.90 $0.79 $0.65 $1.15 $1.03 $0.98 $0.90 $0.85 $0.66 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 13,323 17,247 21,777 30,209 38,671 42,185 44,154 44,599 46,932 49,574 ----------------------------------------------------------------------------------------------------------------------------
14 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $0.85 $0.71 $1.25 $1.12 $1.07 $0.99 $0.94 $0.73 $0.98 $1.00 Accumulation unit value at end of period $0.97 $0.85 $0.71 $1.25 $1.12 $1.07 $0.99 $0.94 $0.73 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 59,537 67,782 76,677 90,475 109,952 134,591 39,117 20,015 11,313 1,710 ---------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES I SHARES (09/15/1999) Accumulation unit value at beginning of period $1.55 $1.09 $2.08 $1.89 $1.64 $1.50 $1.31 $0.98 $1.25 $1.37 Accumulation unit value at end of period $1.82 $1.55 $1.09 $2.08 $1.89 $1.64 $1.50 $1.31 $0.98 $1.25 Number of accumulation units outstanding at end of period (000 omitted) 5,046 6,556 8,210 11,683 13,834 16,329 18,834 19,915 21,745 23,324 ---------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $1.19 $0.84 $1.61 $1.47 $1.27 $1.17 $1.02 $0.76 $0.98 $1.00 Accumulation unit value at end of period $1.40 $1.19 $0.84 $1.61 $1.47 $1.27 $1.17 $1.02 $0.76 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 10,525 13,229 16,534 23,253 25,868 24,349 20,043 10,924 6,981 1,459 ---------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. DYNAMICS FUND, SERIES I SHARES (08/13/2001) Accumulation unit value at beginning of period $1.03 $0.73 $1.41 $1.27 $1.10 $1.00 $0.89 $0.65 $0.96 $1.00 Accumulation unit value at end of period $1.26 $1.03 $0.73 $1.41 $1.27 $1.10 $1.00 $0.89 $0.65 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 3,091 3,764 4,639 6,317 7,291 8,602 10,118 10,880 6,887 1,550 ---------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES I SHARES (08/13/2001) Accumulation unit value at beginning of period $0.54 $0.43 $1.06 $1.38 $1.19 $1.14 $1.05 $0.82 $0.97 $1.00 Accumulation unit value at end of period $0.59 $0.54 $0.43 $1.06 $1.38 $1.19 $1.14 $1.05 $0.82 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 13,352 14,877 13,625 9,208 12,088 10,621 10,625 8,724 5,572 1,081 ---------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.01 $0.80 $1.13 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.06 $1.01 $0.80 $1.13 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7,456 8,089 8,014 5,881 33,923 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.24 $0.93 $1.57 $1.39 $1.09 $1.00 -- -- -- -- Accumulation unit value at end of period $1.39 $1.24 $0.93 $1.57 $1.39 $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 36,189 128,526 99,290 48,018 1,744 127 -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. TECHNOLOGY FUND, SERIES I SHARES (08/13/2001) Accumulation unit value at beginning of period $0.73 $0.47 $0.85 $0.80 $0.73 $0.72 $0.69 $0.48 $0.91 $1.00 Accumulation unit value at end of period $0.88 $0.73 $0.47 $0.85 $0.80 $0.73 $0.72 $0.69 $0.48 $0.91 Number of accumulation units outstanding at end of period (000 omitted) 21,966 21,730 19,001 21,716 25,440 31,926 14,454 7,882 3,769 490 ---------------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.08 $0.85 $1.33 $1.37 $1.19 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.24 $1.08 $0.85 $1.33 $1.37 $1.19 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 100,324 178,986 227,595 224,730 258,223 203,272 36,974 -- -- -- ---------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES ENTERPRISE PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $0.58 $0.41 $0.73 $0.60 $0.54 $0.48 $0.40 $0.30 $0.42 $0.70 Accumulation unit value at end of period $0.72 $0.58 $0.41 $0.73 $0.60 $0.54 $0.48 $0.40 $0.30 $0.42 Number of accumulation units outstanding at end of period (000 omitted) 16,104 19,522 23,257 27,632 29,699 34,555 40,872 48,862 52,428 54,805 ---------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES GLOBAL TECHNOLOGY PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $0.45 $0.29 $0.52 $0.43 $0.40 $0.36 $0.36 $0.25 $0.43 $0.68 Accumulation unit value at end of period $0.55 $0.45 $0.29 $0.52 $0.43 $0.40 $0.36 $0.36 $0.25 $0.43 Number of accumulation units outstanding at end of period (000 omitted) 27,036 27,957 23,828 28,860 30,606 32,606 37,258 40,520 37,200 34,767 ---------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.85 $0.63 $1.06 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 31,752 305,123 238,472 154,650 -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES OVERSEAS PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $1.44 $0.81 $1.71 $1.34 $0.92 $0.70 $0.60 $0.45 $0.61 $0.80 Accumulation unit value at end of period $1.78 $1.44 $0.81 $1.71 $1.34 $0.92 $0.70 $0.60 $0.45 $0.61 Number of accumulation units outstanding at end of period (000 omitted) 55,565 61,696 69,375 80,158 77,239 72,832 75,760 81,742 81,189 60,527 ---------------------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.85 $0.60 $1.02 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.06 $0.85 $0.60 $1.02 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,271 1,551 1,524 1,080 -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.67 $0.48 $0.77 $0.70 $0.66 $0.64 $0.59 $0.48 $0.68 $0.91 Accumulation unit value at end of period $0.74 $0.67 $0.48 $0.77 $0.70 $0.66 $0.64 $0.59 $0.48 $0.68 Number of accumulation units outstanding at end of period (000 omitted) 57,389 67,421 63,755 80,158 100,533 117,493 108,239 91,666 69,576 50,212 ----------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 15
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.98 $0.61 $1.01 $0.99 $0.89 $0.85 $0.81 $0.61 $0.90 $0.96 Accumulation unit value at end of period $1.32 $0.98 $0.61 $1.01 $0.99 $0.89 $0.85 $0.81 $0.61 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 25,934 28,887 32,039 42,261 51,188 62,995 77,406 74,690 59,272 34,072 ---------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (08/13/2001) Accumulation unit value at beginning of period $1.83 $1.39 $2.25 $1.78 $1.37 $1.18 $0.92 $0.68 $0.89 $1.00 Accumulation unit value at end of period $2.07 $1.83 $1.39 $2.25 $1.78 $1.37 $1.18 $0.92 $0.68 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 47,357 56,324 67,989 78,212 71,164 55,870 28,362 18,051 10,543 2,997 ---------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.86 $0.61 $1.11 $1.23 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.86 $0.61 $1.11 $1.23 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,144 67,174 88,969 51,109 51,499 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.99 $0.64 $1.20 $0.99 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.30 $0.99 $0.64 $1.20 $0.99 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17,947 18,479 17,546 14,940 37,273 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.76 $0.57 $1.07 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.92 $0.76 $0.57 $1.07 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,073 75,726 78,811 64,614 57,067 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.31 $0.95 $1.60 $1.52 $1.31 $1.16 $1.00 -- -- -- Accumulation unit value at end of period $1.51 $1.31 $0.95 $1.60 $1.52 $1.31 $1.16 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 29,183 31,543 36,705 48,173 51,514 33,811 11,540 -- -- -- ---------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.25 $1.07 $1.26 $1.16 $1.09 $1.07 $1.00 -- -- -- Accumulation unit value at end of period $1.43 $1.25 $1.07 $1.26 $1.16 $1.09 $1.07 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 265,863 519,119 569,070 536,032 339,587 150,945 22,945 -- -- -- ---------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.17 $0.86 $1.40 $1.43 $1.26 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.43 $1.17 $0.86 $1.40 $1.43 $1.26 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 19,999 23,658 27,205 34,265 34,462 18,592 7,652 -- -- -- ---------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.13 $0.93 $1.12 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.26 $1.13 $0.93 $1.12 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 75,522 218,702 228,912 161,214 154,199 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- PUTNAM VT GLOBAL HEALTH CARE FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.13 $0.90 $1.10 $1.11 $1.09 $0.97 $0.91 $0.78 $0.98 $1.00 Accumulation unit value at end of period $1.15 $1.13 $0.90 $1.10 $1.11 $1.09 $0.97 $0.91 $0.78 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 10,511 12,725 15,248 19,770 25,848 27,299 21,518 18,023 11,416 2,137 ---------------------------------------------------------------------------------------------------------------------------- PUTNAM VT INTERNATIONAL EQUITY FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.21 $0.98 $1.75 $1.63 $1.29 $1.15 $1.00 $0.78 $0.96 $1.00 Accumulation unit value at end of period $1.32 $1.21 $0.98 $1.75 $1.63 $1.29 $1.15 $1.00 $0.78 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 13,460 16,372 20,502 29,411 34,316 37,980 40,598 38,012 20,773 2,460 ---------------------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17,030 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- ROYCE CAPITAL FUND - MICRO-CAP PORTFOLIO, INVESTMENT CLASS (09/15/1999) Accumulation unit value at beginning of period $3.07 $1.95 $3.47 $3.36 $2.80 $2.53 $2.24 $1.51 $1.75 $1.36 Accumulation unit value at end of period $3.95 $3.07 $1.95 $3.47 $3.36 $2.80 $2.53 $2.24 $1.51 $1.75 Number of accumulation units outstanding at end of period (000 omitted) 8,319 10,284 12,388 16,842 20,156 22,799 26,803 26,590 25,593 20,056 ---------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,289 11,669 6,188 -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.98 $0.84 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.98 $0.84 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17,928 16,032 11,487 -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------
16 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.91 $0.76 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 51,467 45,180 25,617 -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.74 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.89 $0.74 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,182 27,720 16,958 -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.94 $0.80 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.94 $0.80 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,280 22,560 11,805 -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.07 $0.86 $1.24 $1.23 $1.08 $1.05 $0.97 $0.81 $0.94 $1.05 Accumulation unit value at end of period $1.19 $1.07 $0.86 $1.24 $1.23 $1.08 $1.05 $0.97 $0.81 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 61,921 74,529 61,707 86,628 89,309 92,705 84,704 79,035 64,273 37,760 ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.22 $1.22 $1.20 $1.16 $1.12 $1.10 $1.10 $1.10 $1.09 $1.06 Accumulation unit value at end of period $1.21 $1.22 $1.22 $1.20 $1.16 $1.12 $1.10 $1.10 $1.10 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 134,040 197,288 399,214 286,121 258,492 193,996 187,100 203,753 255,251 243,870 ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.48 $1.30 $1.40 $1.34 $1.30 $1.28 $1.23 $1.19 $1.13 $1.06 Accumulation unit value at end of period $1.59 $1.48 $1.30 $1.40 $1.34 $1.30 $1.28 $1.23 $1.19 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 282,705 638,984 610,707 599,680 511,100 332,677 221,377 188,939 154,530 83,968 ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.45 $1.15 $1.94 $1.81 $1.52 $1.35 $1.15 $0.82 $1.02 $1.01 Accumulation unit value at end of period $1.68 $1.45 $1.15 $1.94 $1.81 $1.52 $1.35 $1.15 $0.82 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 256,449 508,061 530,216 560,416 585,144 408,559 255,776 134,486 86,442 43,328 ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.69 $0.56 $0.98 $0.96 $0.84 $0.79 $0.75 $0.59 $0.76 $0.93 Accumulation unit value at end of period $0.80 $0.69 $0.56 $0.98 $0.96 $0.84 $0.79 $0.75 $0.59 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 218,715 257,537 301,682 383,078 450,207 263,828 130,790 69,981 52,124 26,327 ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.68 $1.52 $1.54 $1.44 $1.36 $1.44 $1.32 $1.18 $1.03 $1.03 Accumulation unit value at end of period $1.78 $1.68 $1.52 $1.54 $1.44 $1.36 $1.44 $1.32 $1.18 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 88,623 195,536 201,728 204,316 169,931 130,135 82,347 51,936 31,133 16,572 ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.19 $1.12 $1.13 $1.05 $1.05 $1.03 $1.00 -- -- -- Accumulation unit value at end of period $1.23 $1.19 $1.12 $1.13 $1.05 $1.05 $1.03 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 92,837 302,524 171,393 147,400 161,490 91,038 2,274 -- -- -- ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.57 $1.03 $1.39 $1.37 $1.25 $1.21 $1.09 $0.88 $0.95 $0.91 Accumulation unit value at end of period $1.78 $1.57 $1.03 $1.39 $1.37 $1.25 $1.21 $1.09 $0.88 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 111,083 137,350 147,297 218,538 251,768 262,154 242,254 177,150 93,845 58,348 ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.33 $0.94 $1.16 $1.14 $1.07 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.49 $1.33 $0.94 $1.16 $1.14 $1.07 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 56,452 229,076 128,653 116,516 109,316 29,477 1,052 -- -- -- ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (05/01/2001) Accumulation unit value at beginning of period $1.22 $0.75 $1.37 $1.22 $1.23 $1.12 $1.04 $0.85 $1.00 $1.00 Accumulation unit value at end of period $1.53 $1.22 $0.75 $1.37 $1.22 $1.23 $1.12 $1.04 $0.85 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 34,995 40,215 38,730 50,337 62,826 47,283 53,376 42,780 16,388 2,489 ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.14 $0.81 $1.49 $1.36 $1.19 $1.00 -- -- -- -- Accumulation unit value at end of period $1.38 $1.14 $0.81 $1.49 $1.36 $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 33,723 57,405 76,989 71,709 101,239 6,605 -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $0.81 $0.65 $1.04 $1.00 $0.87 $0.84 $0.77 $0.61 $0.79 $0.91 Accumulation unit value at end of period $0.93 $0.81 $0.65 $1.04 $1.00 $0.87 $0.84 $0.77 $0.61 $0.79 Number of accumulation units outstanding at end of period (000 omitted) 77,987 91,208 100,420 127,010 139,008 154,949 144,039 103,587 64,771 35,957 ----------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 17
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.33 $1.27 $1.31 $1.25 $1.22 $1.21 $1.21 $1.20 $1.14 $1.08 Accumulation unit value at end of period $1.36 $1.33 $1.27 $1.31 $1.25 $1.22 $1.21 $1.21 $1.20 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 95,906 109,059 125,698 120,018 125,729 145,087 160,725 155,718 124,866 50,510 ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.56 $0.41 $0.75 $0.73 $0.66 $0.62 $0.57 $0.48 $0.65 $0.95 Accumulation unit value at end of period $0.65 $0.56 $0.41 $0.75 $0.73 $0.66 $0.62 $0.57 $0.48 $0.65 Number of accumulation units outstanding at end of period (000 omitted) 124,302 147,034 180,650 283,769 326,108 323,849 191,140 192,314 135,693 129,186 ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.00 $0.80 $1.33 $1.34 $1.14 $1.10 $1.00 -- -- -- Accumulation unit value at end of period $1.19 $1.00 $0.80 $1.33 $1.34 $1.14 $1.10 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 10,640 6,269 5,696 7,988 7,937 6,232 3,498 -- -- -- ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.42 $1.03 $1.68 $1.77 $1.60 $1.53 $1.30 $0.89 $1.08 $1.16 Accumulation unit value at end of period $1.79 $1.42 $1.03 $1.68 $1.77 $1.60 $1.53 $1.30 $0.89 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 19,549 21,859 26,621 38,095 49,721 59,243 61,563 44,627 29,202 22,792 ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $2.23 $1.29 $2.81 $2.05 $1.54 $1.16 $0.94 $0.68 $0.72 $0.74 Accumulation unit value at end of period $2.65 $2.23 $1.29 $2.81 $2.05 $1.54 $1.16 $0.94 $0.68 $0.72 Number of accumulation units outstanding at end of period (000 omitted) 56,730 80,593 111,551 89,546 89,672 75,520 22,549 8,256 4,750 1,789 ---------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.94 $0.74 $1.26 $1.12 $0.91 $0.81 $0.69 $0.55 $0.67 $0.95 Accumulation unit value at end of period $1.06 $0.94 $0.74 $1.26 $1.12 $0.91 $0.81 $0.69 $0.55 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 39,494 48,442 55,412 75,421 80,961 77,787 51,446 23,614 20,012 15,821 ---------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 22,643 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 287,015 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 19,114 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 171,495 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.68 $1.12 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.89 $0.68 $1.12 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 24,428 303,537 183,635 117,605 123,150 -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.16 $0.85 $1.36 $1.29 $1.12 $1.12 $1.00 -- -- -- Accumulation unit value at end of period $1.40 $1.16 $0.85 $1.36 $1.29 $1.12 $1.12 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,535 5,203 6,409 9,188 9,786 10,247 4,730 -- -- -- ---------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.10 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 150,412 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.10 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,625,658 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 85,099 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------
18 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,122,490 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 53,054 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 454,692 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (08/14/2001) Accumulation unit value at beginning of period $1.66 $1.22 $1.80 $1.91 $1.60 $1.52 $1.28 $0.93 $1.07 $1.00 Accumulation unit value at end of period $2.05 $1.66 $1.22 $1.80 $1.91 $1.60 $1.52 $1.28 $0.93 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 48,893 149,191 156,845 148,793 126,637 127,559 90,541 67,609 43,199 6,885 ---------------------------------------------------------------------------------------------------------------------------- THIRD AVENUE VALUE PORTFOLIO (09/21/1999) Accumulation unit value at beginning of period $2.53 $1.75 $3.14 $3.32 $2.89 $2.54 $2.13 $1.51 $1.70 $1.51 Accumulation unit value at end of period $2.86 $2.53 $1.75 $3.14 $3.32 $2.89 $2.54 $2.13 $1.51 $1.70 Number of accumulation units outstanding at end of period (000 omitted) 9,979 12,740 16,209 23,692 28,765 31,916 32,334 31,927 31,335 27,040 ---------------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (09/15/1999) Accumulation unit value at beginning of period $2.11 $1.42 $2.62 $2.27 $1.67 $1.38 $1.07 $0.72 $0.85 $1.08 Accumulation unit value at end of period $2.61 $2.11 $1.42 $2.62 $2.27 $1.67 $1.38 $1.07 $0.72 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 80,435 131,326 142,736 164,570 186,862 170,230 104,567 66,022 43,554 27,818 ---------------------------------------------------------------------------------------------------------------------------- WANGER USA (09/15/1999) Accumulation unit value at beginning of period $1.67 $1.18 $1.98 $1.89 $1.77 $1.60 $1.36 $0.96 $1.16 $1.05 Accumulation unit value at end of period $2.05 $1.67 $1.18 $1.98 $1.89 $1.77 $1.60 $1.36 $0.96 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 102,578 155,213 176,483 212,646 235,960 241,623 184,961 129,824 78,311 40,791 ---------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (12/08/2003) Accumulation unit value at beginning of period $1.08 $0.80 $1.20 $1.12 $1.00 $0.93 $0.86 $0.83 -- -- Accumulation unit value at end of period $1.24 $1.08 $0.80 $1.20 $1.12 $1.00 $0.93 $0.86 -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,644 13,118 11,157 13,704 15,189 16,191 11,992 9,885 -- -- ---------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INDEX ASSET ALLOCATION FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.10 $0.96 $1.37 $1.28 $1.15 $1.10 $1.02 $0.84 $0.97 $1.00 Accumulation unit value at end of period $1.24 $1.10 $0.96 $1.37 $1.28 $1.15 $1.10 $1.02 $0.84 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 15,176 19,120 25,423 37,314 40,046 43,629 41,656 30,948 14,864 3,799 ---------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.22 $1.06 $1.83 $1.61 $1.32 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.41 $1.22 $1.06 $1.83 $1.61 $1.32 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20,616 113,414 12,645 16,521 19,055 15,273 4,245 -- -- -- ---------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.26 $0.86 $1.44 $1.36 $1.22 $1.14 $0.97 $0.72 $0.99 $1.00 Accumulation unit value at end of period $1.54 $1.26 $0.86 $1.44 $1.36 $1.22 $1.14 $0.97 $0.72 $0.99 Number of accumulation units outstanding at end of period (000 omitted) 16,904 19,019 22,799 30,772 36,471 41,049 43,145 38,865 25,397 3,701 ---------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.18 $0.78 $1.34 $1.18 $0.97 $0.92 $0.81 $0.58 $0.94 $1.00 Accumulation unit value at end of period $1.48 $1.18 $0.78 $1.34 $1.18 $0.97 $0.92 $0.81 $0.58 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 28,351 31,042 29,488 35,670 25,726 19,618 22,185 19,289 9,992 2,060 ----------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 19
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $1.09 $0.71 $1.37 $1.15 $1.00 Accumulation unit value at end of period $1.28 $1.09 $0.71 $1.37 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 2,971 3,313 1,964 1,519 6,467 -------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.72 $1.22 $1.17 $1.00 Accumulation unit value at end of period $0.96 $0.86 $0.72 $1.22 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 5,889 6,136 5,992 7,074 1,936 -------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.80 $0.60 $1.30 $1.24 $1.00 Accumulation unit value at end of period $0.83 $0.80 $0.60 $1.30 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 30,081 130,094 295,091 140,364 33,087 -------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $1.00 $0.74 $1.23 $1.10 $1.00 Accumulation unit value at end of period $1.09 $1.00 $0.74 $1.23 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 1,769 1,603 1,325 1,295 346 -------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $1.08 $0.84 $1.12 $1.16 $1.00 Accumulation unit value at end of period $1.27 $1.08 $0.84 $1.12 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 6,746 71,544 74,527 79,523 987 -------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.72 $1.25 $1.04 $1.00 Accumulation unit value at end of period $1.10 $0.96 $0.72 $1.25 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 3,552 3,365 3,395 2,725 36,949 -------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.79 $1.09 $1.16 $1.00 Accumulation unit value at end of period $1.05 $0.94 $0.79 $1.09 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 12,846 12,296 10,333 11,609 3,143 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.16 $0.82 $1.09 $1.08 $1.00 Accumulation unit value at end of period $1.29 $1.16 $0.82 $1.09 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 10,905 10,915 8,519 8,110 2,469 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.77 $1.28 $1.09 $1.00 Accumulation unit value at end of period $1.16 $0.96 $0.77 $1.28 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 29,159 626,487 391,002 205,091 48,403 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.00 $0.73 $1.43 $1.20 $1.00 Accumulation unit value at end of period $1.13 $1.00 $0.73 $1.43 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 9,469 10,385 10,806 7,134 23,001 -------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (06/26/2006) Accumulation unit value at beginning of period $0.92 $0.78 $1.18 $1.02 $1.00 Accumulation unit value at end of period $1.07 $0.92 $0.78 $1.18 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 8,793 8,768 6,606 4,051 23,928 -------------------------------------------------------------------------------------------------------------- DREYFUS VARIABLE INVESTMENT FUND INTERNATIONAL EQUITY PORTFOLIO, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.78 $1.37 $1.18 $1.00 Accumulation unit value at end of period $1.06 $0.97 $0.78 $1.37 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 2,788 3,106 3,075 2,094 733 -------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.75 $1.03 $1.03 $1.00 Accumulation unit value at end of period $1.16 $1.07 $0.75 $1.03 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 23,794 261,015 165,981 112,633 46,638 -------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.73 $1.28 $1.10 $1.00 Accumulation unit value at end of period $1.13 $0.97 $0.73 $1.28 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 52,513 180,001 379,751 246,455 94,738 -------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.04 $0.75 $1.25 $1.09 $1.00 Accumulation unit value at end of period $1.32 $1.04 $0.75 $1.25 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 44,384 199,837 248,092 127,339 36,125 --------------------------------------------------------------------------------------------------------------
20 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.75 $1.35 $1.16 $1.00 Accumulation unit value at end of period $1.05 $0.94 $0.75 $1.35 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 9,733 10,921 10,113 8,721 2,653 -------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.64 $0.55 $0.95 $1.22 $1.00 Accumulation unit value at end of period $0.77 $0.64 $0.55 $0.95 $1.22 Number of accumulation units outstanding at end of period (000 omitted) 12,512 13,465 13,508 15,015 6,443 -------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.70 $1.06 $1.09 $1.00 Accumulation unit value at end of period $1.14 $0.90 $0.70 $1.06 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 12,529 13,709 12,625 11,602 4,228 -------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.73 $1.17 $1.14 $1.00 Accumulation unit value at end of period $1.01 $0.91 $0.73 $1.17 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 16,807 17,365 17,652 20,093 5,798 -------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (06/26/2006) Accumulation unit value at beginning of period $0.83 $0.69 $1.10 $1.13 $1.00 Accumulation unit value at end of period $0.92 $0.83 $0.69 $1.10 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 6,259 7,238 7,321 9,453 4,040 -------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.82 $0.69 $1.20 $1.09 $1.00 Accumulation unit value at end of period $0.94 $0.82 $0.69 $1.20 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 2,757 3,103 2,879 2,330 1,060 -------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.63 $1.21 $1.10 $1.00 Accumulation unit value at end of period $1.05 $0.89 $0.63 $1.21 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 2,013 2,424 2,546 2,798 719 -------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.46 $0.36 $0.90 $1.17 $1.00 Accumulation unit value at end of period $0.50 $0.46 $0.36 $0.90 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 5,866 5,983 3,711 1,648 695 -------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.85 $1.20 $1.09 $1.00 Accumulation unit value at end of period $1.11 $1.07 $0.85 $1.20 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 3,184 3,258 3,220 2,213 16,983 -------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.11 $0.83 $1.40 $1.24 $1.00 Accumulation unit value at end of period $1.24 $1.11 $0.83 $1.40 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 11,342 238,183 191,749 79,002 607 -------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.70 $1.10 $1.13 $1.00 Accumulation unit value at end of period $1.02 $0.89 $0.70 $1.10 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 16,418 201,934 251,843 151,420 67,895 -------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- Accumulation unit value at end of period $0.97 $0.85 $0.63 $1.06 -- Number of accumulation units outstanding at end of period (000 omitted) 15,295 639,872 430,107 255,815 -- -------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.85 $0.60 $1.02 $1.00 -- Accumulation unit value at end of period $1.05 $0.85 $0.60 $1.02 -- Number of accumulation units outstanding at end of period (000 omitted) 2,132 2,226 1,683 864 -- -------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.04 $0.76 $1.21 $1.10 $1.00 Accumulation unit value at end of period $1.16 $1.04 $0.76 $1.21 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 2,801 2,648 1,141 650 320 -------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.28 $0.97 $1.57 $1.24 $1.00 Accumulation unit value at end of period $1.44 $1.28 $0.97 $1.57 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 16,579 17,912 18,559 16,501 4,446 --------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 21
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.64 $1.17 $1.29 $1.00 Accumulation unit value at end of period $1.09 $0.90 $0.64 $1.17 $1.29 Number of accumulation units outstanding at end of period (000 omitted) 8,650 96,054 117,566 42,226 21,964 -------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.08 $0.69 $1.31 $1.08 $1.00 Accumulation unit value at end of period $1.42 $1.08 $0.69 $1.31 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 6,158 5,604 4,975 4,591 17,766 -------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.64 $1.20 $1.17 $1.00 Accumulation unit value at end of period $1.03 $0.85 $0.64 $1.20 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 4,163 137,644 119,726 86,117 26,194 -------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.73 $1.21 $1.14 $1.00 Accumulation unit value at end of period $1.15 $0.95 $0.73 $1.21 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 1,455 1,127 833 629 164 -------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.00 $0.73 $1.23 $1.17 $1.00 Accumulation unit value at end of period $1.15 $1.00 $0.73 $1.23 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 8,021 7,911 7,145 6,835 2,542 -------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.17 $1.00 $1.17 $1.08 $1.00 Accumulation unit value at end of period $1.33 $1.17 $1.00 $1.17 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 65,085 577,448 420,661 316,103 64,310 -------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.66 $1.08 $1.10 $1.00 Accumulation unit value at end of period $1.10 $0.90 $0.66 $1.08 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 7,403 8,026 7,814 7,765 3,088 -------------------------------------------------------------------------------------------------------------- OPPENHEIMER VALUE FUND/VA, SERVICE SHARES (09/15/2006) Accumulation unit value at beginning of period $0.85 $0.65 $1.12 $1.07 $1.00 Accumulation unit value at end of period $0.97 $0.85 $0.65 $1.12 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 2,050 2,171 1,604 1,833 138 -------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.15 $0.96 $1.15 $1.07 $1.00 Accumulation unit value at end of period $1.29 $1.15 $0.96 $1.15 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 18,465 351,435 346,275 235,995 82,883 -------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,215 1,743 877 -- -- -------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- Accumulation unit value at end of period $1.05 $0.97 $0.84 -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,297 2,302 1,569 -- -- -------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- Accumulation unit value at end of period $0.99 $0.91 $0.76 -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,356 6,970 2,114 -- -- -------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,418 3,707 1,980 -- -- -------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.94 $0.79 $1.00 -- -- Accumulation unit value at end of period $1.02 $0.94 $0.79 -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,279 3,756 1,295 -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.79 $1.14 $1.13 $1.00 Accumulation unit value at end of period $1.09 $0.97 $0.79 $1.14 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 8,118 9,918 2,682 3,274 829 --------------------------------------------------------------------------------------------------------------
22 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,047 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.07 $1.07 $1.06 $1.02 $1.00 Accumulation unit value at end of period $1.06 $1.07 $1.07 $1.06 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 38,057 56,313 97,399 60,832 34,337 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,102 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.16 $1.02 $1.10 $1.05 $1.00 Accumulation unit value at end of period $1.24 $1.16 $1.02 $1.10 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 63,231 972,289 788,507 586,913 145,290 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 316 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.71 $1.21 $1.13 $1.00 Accumulation unit value at end of period $1.04 $0.90 $0.71 $1.21 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 66,039 784,644 581,359 300,203 93,936 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.83 $0.68 $1.18 $1.15 $1.00 Accumulation unit value at end of period $0.97 $0.83 $0.68 $1.18 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 1,258 1,264 1,237 1,353 461 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 406 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.23 $1.11 $1.12 $1.05 $1.00 Accumulation unit value at end of period $1.30 $1.23 $1.11 $1.12 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 21,158 313,653 259,518 199,962 41,689 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 163 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.16 $1.10 $1.11 $1.03 $1.00 Accumulation unit value at end of period $1.20 $1.16 $1.10 $1.11 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 19,071 489,118 159,105 125,450 53,228 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.08 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 859 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.23 $0.81 $1.09 $1.08 $1.00 Accumulation unit value at end of period $1.39 $1.23 $0.81 $1.09 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 17,925 18,658 13,874 16,917 6,215 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 123 -- -- -- -- --------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 23
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.24 $0.88 $1.09 $1.07 $1.00 Accumulation unit value at end of period $1.39 $1.24 $0.88 $1.09 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 15,925 425,767 209,056 151,929 49,975 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 299 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.05 $0.65 $1.19 $1.05 $1.00 Accumulation unit value at end of period $1.32 $1.05 $0.65 $1.19 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 3,871 3,392 1,407 1,461 338 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 75 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.65 $1.20 $1.09 $1.00 Accumulation unit value at end of period $1.11 $0.91 $0.65 $1.20 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 17,892 66,735 94,511 58,370 50,393 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.74 $1.19 $1.14 $1.00 Accumulation unit value at end of period $1.06 $0.93 $0.74 $1.19 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 6,003 5,694 4,520 3,380 1,079 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 271 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.09 $1.04 $1.08 $1.03 $1.00 Accumulation unit value at end of period $1.11 $1.09 $1.04 $1.08 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 22,090 19,314 18,319 9,945 2,091 -------------------------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 341 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 75 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.64 $1.16 $1.14 $1.00 Accumulation unit value at end of period $1.01 $0.87 $0.64 $1.16 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 4,320 4,123 3,524 4,502 1,470 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 23 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.69 $1.15 $1.16 $1.00 Accumulation unit value at end of period $1.03 $0.86 $0.69 $1.15 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1,680 915 794 881 285 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17 -- -- -- -- --------------------------------------------------------------------------------------------------------------
24 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.63 $1.04 $1.10 $1.00 Accumulation unit value at end of period $1.11 $0.88 $0.63 $1.04 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 1,954 1,459 1,213 1,104 397 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.22 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 398 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.46 $0.84 $1.84 $1.34 $1.00 Accumulation unit value at end of period $1.73 $1.46 $0.84 $1.84 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 19,363 96,670 170,447 72,075 18,150 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 138 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.78 $1.32 $1.18 $1.00 Accumulation unit value at end of period $1.11 $0.98 $0.78 $1.32 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 4,182 4,460 3,440 3,482 1,285 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 79,955 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 709,794 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.18 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 143 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 370 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 64 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 276 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 199 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 37,862 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 407,564 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 138 -- -- -- -- --------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 25
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.70 $1.15 $1.12 $1.00 Accumulation unit value at end of period $1.01 $0.91 $0.70 $1.15 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 12,854 634,379 315,690 173,483 64,829 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 376 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 230 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.73 $1.16 $1.10 $1.00 Accumulation unit value at end of period $1.19 $0.99 $0.73 $1.16 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 922 738 671 780 107 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 65 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 369 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 67 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.24 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 52 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 87 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 543,150 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,048,660 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 382,806 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,821,858 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 130,486 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,012,023 -- -- -- -- --------------------------------------------------------------------------------------------------------------
26 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.85% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 214 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 73 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.72 $1.06 $1.12 $1.00 Accumulation unit value at end of period $1.20 $0.97 $0.72 $1.06 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 11,214 373,857 309,935 185,435 24,338 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 184 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39 -- -- -- -- -------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (06/26/2006) Accumulation unit value at beginning of period $1.15 $0.77 $1.43 $1.24 $1.00 Accumulation unit value at end of period $1.42 $1.15 $0.77 $1.43 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 26,504 187,502 120,530 56,104 23,903 -------------------------------------------------------------------------------------------------------------- WANGER USA (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.68 $1.13 $1.08 $1.00 Accumulation unit value at end of period $1.16 $0.95 $0.68 $1.13 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 22,943 153,936 123,418 77,217 9,756 -------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.80 $1.20 $1.12 $1.00 Accumulation unit value at end of period $1.24 $1.07 $0.80 $1.20 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 4,191 3,772 1,827 1,105 403 -------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.77 $1.34 $1.17 $1.00 Accumulation unit value at end of period $1.02 $0.89 $0.77 $1.34 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 8,294 298,706 4,123 4,214 1,467 -------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.03 $0.70 $1.18 $1.12 $1.00 Accumulation unit value at end of period $1.26 $1.03 $0.70 $1.18 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 2,066 2,178 1,767 2,129 556 -------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.75 $1.29 $1.15 $1.00 Accumulation unit value at end of period $1.43 $1.14 $0.75 $1.29 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 8,077 7,416 5,757 5,179 1,212 --------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 27
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.07 $0.70 $1.35 $1.14 $1.06 $1.00 -- -- -- -- Accumulation unit value at end of period $1.25 $1.07 $0.70 $1.35 $1.14 $1.06 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,571 3,654 2,593 2,415 5,609 801 -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $0.93 $0.78 $1.34 $1.29 $1.11 $1.07 $0.97 $0.74 $0.96 $1.00 Accumulation unit value at end of period $1.04 $0.93 $0.78 $1.34 $1.29 $1.11 $1.07 $0.97 $0.74 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 33,656 41,871 53,105 74,246 84,552 91,924 75,935 54,358 29,770 4,363 ----------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (08/13/2001) Accumulation unit value at beginning of period $1.61 $1.21 $2.61 $2.49 $1.86 $1.61 $1.31 $0.92 $0.98 $1.00 Accumulation unit value at end of period $1.66 $1.61 $1.21 $2.61 $2.49 $1.86 $1.61 $1.31 $0.92 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 63,534 93,058 122,930 135,634 127,479 94,909 44,705 24,114 9,270 790 ----------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS I (09/15/1999) Accumulation unit value at beginning of period $1.08 $0.82 $1.49 $1.28 $1.03 $0.92 $0.81 $0.66 $0.83 $1.18 Accumulation unit value at end of period $1.21 $1.08 $0.82 $1.49 $1.28 $1.03 $0.92 $0.81 $0.66 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 9,446 13,469 17,171 22,876 26,483 30,007 30,595 30,150 31,512 32,127 ----------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.20 $0.91 $1.66 $1.42 $1.15 $1.03 $0.90 $0.73 $0.93 $1.00 Accumulation unit value at end of period $1.34 $1.20 $0.91 $1.66 $1.42 $1.15 $1.03 $0.90 $0.73 $0.93 Number of accumulation units outstanding at end of period (000 omitted) 12,837 15,628 19,242 25,059 26,700 27,136 22,031 15,471 8,200 1,927 ----------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.87 $0.67 $0.90 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.87 $0.67 $0.90 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,798 25,355 30,504 28,466 -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.91 $0.69 $1.19 $0.99 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 $0.91 $0.69 $1.19 $0.99 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,909 6,957 7,931 8,170 35,411 4,856 -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS I (09/15/1999) Accumulation unit value at beginning of period $1.49 $1.25 $1.73 $1.84 $1.57 $1.51 $1.33 $1.04 $1.20 $1.08 Accumulation unit value at end of period $1.67 $1.49 $1.25 $1.73 $1.84 $1.57 $1.51 $1.33 $1.04 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 16,669 22,547 27,547 40,862 47,256 53,403 50,775 49,145 49,161 41,460 ----------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (08/13/2001) Accumulation unit value at beginning of period $1.27 $1.07 $1.47 $1.57 $1.34 $1.29 $1.14 $0.89 $1.04 $1.00 Accumulation unit value at end of period $1.42 $1.27 $1.07 $1.47 $1.57 $1.34 $1.29 $1.14 $0.89 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 41,940 48,731 56,747 81,683 93,343 95,710 71,318 50,607 30,523 7,298 ----------------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (05/01/2000) Accumulation unit value at beginning of period $0.95 $0.76 $1.12 $1.10 $1.02 $0.98 $0.91 $0.77 $0.89 $0.96 Accumulation unit value at end of period $1.05 $0.95 $0.76 $1.12 $1.10 $1.02 $0.98 $0.91 $0.77 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 8,238 9,852 12,240 17,034 19,334 19,301 17,682 14,100 9,832 6,090 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (04/28/2006) Accumulation unit value at beginning of period $1.15 $0.80 $1.08 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.27 $1.15 $0.80 $1.08 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15,434 16,890 19,527 26,868 30,821 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.19 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.08 $0.89 $0.71 $1.19 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 50,453 214,161 176,791 113,001 66,352 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.65 $1.26 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.88 $0.65 $1.26 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16,307 20,723 26,849 22,702 32,712 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.74 $1.13 $0.97 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.88 $0.74 $1.13 $0.97 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26,305 26,662 22,011 12,631 26,224 -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------
28 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - U.S. EQUITY FLEX I PORTFOLIO (10/02/2009) Accumulation unit value at beginning of period $1.08 $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 $1.08 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,454 4,478 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.07 $0.75 $1.04 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.15 $1.07 $0.75 $1.04 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 56,862 105,964 79,727 71,987 59,159 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.91 $0.68 $1.20 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.06 $0.91 $0.68 $1.20 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 120,336 167,696 237,020 166,815 127,364 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS (09/15/1999) Accumulation unit value at beginning of period $0.91 $0.73 $1.26 $1.14 $1.01 $0.95 $0.91 $0.74 $0.90 $1.00 Accumulation unit value at end of period $1.04 $0.91 $0.73 $1.26 $1.14 $1.01 $0.95 $0.91 $0.74 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 32,463 43,167 55,844 75,513 89,221 108,101 127,378 125,390 117,223 119,736 ----------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.00 $0.80 $1.38 $1.25 $1.12 $1.05 $1.00 $0.82 $1.00 $1.00 Accumulation unit value at end of period $1.14 $1.00 $0.80 $1.38 $1.25 $1.12 $1.05 $1.00 $0.82 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 47,072 57,593 72,387 96,482 112,864 121,317 119,521 81,919 36,320 8,177 ----------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS (09/15/1999) Accumulation unit value at beginning of period $2.95 $2.13 $3.56 $3.11 $2.79 $2.38 $1.93 $1.40 $1.57 $1.64 Accumulation unit value at end of period $3.77 $2.95 $2.13 $3.56 $3.11 $2.79 $2.38 $1.93 $1.40 $1.57 Number of accumulation units outstanding at end of period (000 omitted) 22,725 32,282 41,030 52,936 63,504 70,537 72,884 69,808 68,203 67,132 ----------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.93 $1.39 $2.33 $2.04 $1.83 $1.57 $1.27 $0.93 $1.04 $1.00 Accumulation unit value at end of period $2.46 $1.93 $1.39 $2.33 $2.04 $1.83 $1.57 $1.27 $0.93 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 76,313 106,479 136,525 156,364 174,833 157,678 117,171 72,124 35,541 6,689 ----------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS (09/15/1999) Accumulation unit value at beginning of period $1.07 $0.86 $1.54 $1.33 $1.14 $0.96 $0.86 $0.60 $0.77 $0.98 Accumulation unit value at end of period $1.20 $1.07 $0.86 $1.54 $1.33 $1.14 $0.96 $0.86 $0.60 $0.77 Number of accumulation units outstanding at end of period (000 omitted) 14,044 19,097 24,686 32,307 37,262 40,363 43,553 34,462 33,063 32,758 ----------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.31 $1.05 $1.88 $1.62 $1.39 $1.18 $1.05 $0.74 $0.94 $1.00 Accumulation unit value at end of period $1.46 $1.31 $1.05 $1.88 $1.62 $1.39 $1.18 $1.05 $0.74 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 24,715 29,954 37,943 48,192 52,627 48,642 42,672 21,405 10,123 2,157 ----------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $1.68 $1.42 $2.49 $3.18 $2.66 $2.37 $1.81 $1.35 $1.33 $1.25 Accumulation unit value at end of period $2.01 $1.68 $1.42 $2.49 $3.18 $2.66 $2.37 $1.81 $1.35 $1.33 Number of accumulation units outstanding at end of period (000 omitted) 25,510 31,073 39,491 59,503 81,589 88,911 80,587 63,047 44,591 19,803 ----------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (09/15/1999) Accumulation unit value at beginning of period $1.98 $1.55 $2.34 $2.42 $2.09 $1.94 $1.58 $1.21 $1.34 $1.19 Accumulation unit value at end of period $2.52 $1.98 $1.55 $2.34 $2.42 $2.09 $1.94 $1.58 $1.21 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 22,799 28,730 36,256 46,935 55,078 55,521 44,541 34,639 23,553 9,584 ----------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.19 $0.96 $1.53 $1.50 $1.28 $1.17 $1.04 $0.84 $0.96 $1.00 Accumulation unit value at end of period $1.31 $1.19 $0.96 $1.53 $1.50 $1.28 $1.17 $1.04 $0.84 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 33,994 39,361 47,292 65,658 63,662 50,166 33,241 21,294 9,151 1,114 ----------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $2.21 $1.68 $2.69 $2.63 $2.29 $2.05 $1.64 $1.29 $1.37 $1.23 Accumulation unit value at end of period $2.74 $2.21 $1.68 $2.69 $2.63 $2.29 $2.05 $1.64 $1.29 $1.37 Number of accumulation units outstanding at end of period (000 omitted) 41,459 51,883 65,990 96,413 112,452 117,932 84,473 65,106 47,539 24,711 ----------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED SMALL CAP EQUITY FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $1.32 $1.05 $1.60 $1.94 $1.74 $1.66 $1.44 $1.00 $1.18 $1.14 Accumulation unit value at end of period $1.71 $1.32 $1.05 $1.60 $1.94 $1.74 $1.66 $1.44 $1.00 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 3,152 3,988 5,064 7,429 9,981 12,490 14,537 16,300 17,792 18,974 ----------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (09/15/1999) Accumulation unit value at beginning of period $0.84 $0.70 $1.12 $1.15 $1.02 $0.97 $0.85 $0.67 $0.86 $0.99 Accumulation unit value at end of period $0.93 $0.84 $0.70 $1.12 $1.15 $1.02 $0.97 $0.85 $0.67 $0.86 Number of accumulation units outstanding at end of period (000 omitted) 57,775 70,758 87,685 126,734 160,736 168,697 108,140 80,350 75,489 71,185 -----------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 29
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES I SHARES (09/15/1999) Accumulation unit value at beginning of period $0.77 $0.64 $1.13 $1.02 $0.96 $0.89 $0.85 $0.66 $0.88 $1.16 Accumulation unit value at end of period $0.88 $0.77 $0.64 $1.13 $1.02 $0.96 $0.89 $0.85 $0.66 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 10,585 14,514 19,004 26,499 33,759 37,608 41,803 44,130 48,704 55,044 ----------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $0.84 $0.70 $1.23 $1.11 $1.06 $0.98 $0.93 $0.73 $0.98 $1.00 Accumulation unit value at end of period $0.95 $0.84 $0.70 $1.23 $1.11 $1.06 $0.98 $0.93 $0.73 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 28,942 33,205 38,700 46,783 56,007 64,800 21,785 12,215 7,624 1,711 ----------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES I SHARES (09/15/1999) Accumulation unit value at beginning of period $1.52 $1.07 $2.05 $1.86 $1.62 $1.49 $1.30 $0.97 $1.25 $1.37 Accumulation unit value at end of period $1.78 $1.52 $1.07 $2.05 $1.86 $1.62 $1.49 $1.30 $0.97 $1.25 Number of accumulation units outstanding at end of period (000 omitted) 4,630 6,328 8,402 11,661 14,226 16,359 19,515 20,889 23,015 25,531 ----------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (08/13/2001) Accumulation unit value at beginning of period $1.17 $0.83 $1.59 $1.45 $1.26 $1.16 $1.02 $0.76 $0.98 $1.00 Accumulation unit value at end of period $1.37 $1.17 $0.83 $1.59 $1.45 $1.26 $1.16 $1.02 $0.76 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 5,882 7,715 9,784 13,998 14,692 13,500 12,074 7,348 4,808 1,224 ----------------------------------------------------------------------------------------------------------------------- INVESCO V.I. DYNAMICS FUND, SERIES I SHARES (08/13/2001) Accumulation unit value at beginning of period $1.01 $0.72 $1.39 $1.25 $1.09 $0.99 $0.88 $0.65 $0.96 $1.00 Accumulation unit value at end of period $1.24 $1.01 $0.72 $1.39 $1.25 $1.09 $0.99 $0.88 $0.65 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 1,658 2,073 2,583 3,800 4,211 4,924 5,936 6,700 4,845 1,426 ----------------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES I SHARES (08/13/2001) Accumulation unit value at beginning of period $0.53 $0.42 $1.05 $1.36 $1.18 $1.13 $1.05 $0.82 $0.96 $1.00 Accumulation unit value at end of period $0.58 $0.53 $0.42 $1.05 $1.36 $1.18 $1.13 $1.05 $0.82 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 7,378 8,567 8,723 5,805 7,305 6,396 6,649 5,460 3,709 901 ----------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.01 $0.80 $1.13 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.05 $1.01 $0.80 $1.13 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,675 5,414 5,240 3,964 15,226 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.23 $0.92 $1.57 $1.38 $1.09 $1.00 -- -- -- -- Accumulation unit value at end of period $1.38 $1.23 $0.92 $1.57 $1.38 $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 24,477 76,801 53,711 23,729 1,198 107 -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- INVESCO V.I. TECHNOLOGY FUND, SERIES I SHARES (08/13/2001) Accumulation unit value at beginning of period $0.72 $0.46 $0.84 $0.79 $0.72 $0.71 $0.69 $0.48 $0.91 $1.00 Accumulation unit value at end of period $0.87 $0.72 $0.46 $0.84 $0.79 $0.72 $0.71 $0.69 $0.48 $0.91 Number of accumulation units outstanding at end of period (000 omitted) 10,745 11,446 8,853 10,072 12,094 14,960 8,076 5,212 2,845 911 ----------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.07 $0.84 $1.32 $1.36 $1.18 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.22 $1.07 $0.84 $1.32 $1.36 $1.18 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 51,081 95,224 120,656 113,380 130,395 96,755 18,714 -- -- -- ----------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES ENTERPRISE PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $0.57 $0.40 $0.72 $0.59 $0.53 $0.48 $0.40 $0.30 $0.42 $0.70 Accumulation unit value at end of period $0.71 $0.57 $0.40 $0.72 $0.59 $0.53 $0.48 $0.40 $0.30 $0.42 Number of accumulation units outstanding at end of period (000 omitted) 9,504 12,181 15,191 18,083 20,670 24,803 30,043 36,658 42,883 51,500 ----------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES GLOBAL TECHNOLOGY PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $0.44 $0.28 $0.51 $0.42 $0.40 $0.36 $0.36 $0.25 $0.42 $0.68 Accumulation unit value at end of period $0.54 $0.44 $0.28 $0.51 $0.42 $0.40 $0.36 $0.36 $0.25 $0.42 Number of accumulation units outstanding at end of period (000 omitted) 16,131 19,312 16,671 19,559 22,668 24,131 27,479 30,159 31,354 34,050 ----------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.96 $0.85 $0.63 $1.06 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18,753 168,562 128,192 72,177 -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES OVERSEAS PORTFOLIO: SERVICE SHARES (05/01/2000) Accumulation unit value at beginning of period $1.41 $0.80 $1.68 $1.33 $0.91 $0.70 $0.59 $0.45 $0.61 $0.80 Accumulation unit value at end of period $1.75 $1.41 $0.80 $1.68 $1.33 $0.91 $0.70 $0.59 $0.45 $0.61 Number of accumulation units outstanding at end of period (000 omitted) 39,710 46,612 54,116 64,174 61,879 59,325 61,390 68,389 74,111 64,147 ----------------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.85 $0.60 $1.02 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.85 $0.60 $1.02 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,019 1,436 1,203 741 -- -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------
30 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.66 $0.48 $0.76 $0.69 $0.65 $0.63 $0.59 $0.48 $0.67 $0.90 Accumulation unit value at end of period $0.73 $0.66 $0.48 $0.76 $0.69 $0.65 $0.63 $0.59 $0.48 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 35,505 44,235 44,360 58,819 73,300 84,506 78,223 74,564 62,663 51,051 ----------------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (05/01/2000) Accumulation unit value at beginning of period $0.96 $0.60 $0.99 $0.98 $0.88 $0.84 $0.80 $0.61 $0.90 $0.96 Accumulation unit value at end of period $1.29 $0.96 $0.60 $0.99 $0.98 $0.88 $0.84 $0.80 $0.61 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 17,906 20,432 22,831 31,915 38,120 48,503 60,214 61,988 53,383 36,822 ----------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (08/13/2001) Accumulation unit value at beginning of period $1.80 $1.37 $2.22 $1.76 $1.36 $1.18 $0.91 $0.68 $0.89 $1.00 Accumulation unit value at end of period $2.03 $1.80 $1.37 $2.22 $1.76 $1.36 $1.18 $0.91 $0.68 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 30,235 35,891 43,832 51,479 45,869 35,163 18,264 12,519 7,093 2,778 ----------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.86 $0.61 $1.11 $1.22 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.86 $0.61 $1.11 $1.22 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16,073 38,794 50,326 29,814 27,318 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.98 $0.63 $1.20 $0.99 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.29 $0.98 $0.63 $1.20 $0.99 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,306 12,049 11,266 9,199 17,529 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.75 $0.57 $1.07 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.91 $0.75 $0.57 $1.07 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,093 40,525 41,079 30,611 26,517 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.30 $0.94 $1.59 $1.51 $1.30 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.49 $1.30 $0.94 $1.59 $1.51 $1.30 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18,638 21,263 24,950 32,187 34,962 20,721 6,121 -- -- -- ----------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.24 $1.06 $1.25 $1.15 $1.08 $1.07 $1.00 -- -- -- Accumulation unit value at end of period $1.41 $1.24 $1.06 $1.25 $1.15 $1.08 $1.07 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 193,872 350,910 395,298 360,480 226,000 94,657 11,924 -- -- -- ----------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.16 $0.85 $1.39 $1.42 $1.25 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.41 $1.16 $0.85 $1.39 $1.42 $1.25 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,889 15,634 18,861 23,107 22,606 12,037 4,085 -- -- -- ----------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.12 $0.93 $1.12 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.25 $1.12 $0.93 $1.12 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 49,921 127,629 131,661 82,318 76,067 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- PUTNAM VT GLOBAL HEALTH CARE FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.11 $0.89 $1.08 $1.10 $1.08 $0.96 $0.91 $0.77 $0.98 $1.00 Accumulation unit value at end of period $1.13 $1.11 $0.89 $1.08 $1.10 $1.08 $0.96 $0.91 $0.77 $0.98 Number of accumulation units outstanding at end of period (000 omitted) 5,824 7,349 8,551 11,073 13,569 14,517 11,248 9,676 6,574 1,743 ----------------------------------------------------------------------------------------------------------------------- PUTNAM VT INTERNATIONAL EQUITY FUND - CLASS IB SHARES (08/13/2001) Accumulation unit value at beginning of period $1.19 $0.96 $1.73 $1.61 $1.27 $1.15 $1.00 $0.78 $0.96 $1.00 Accumulation unit value at end of period $1.29 $1.19 $0.96 $1.73 $1.61 $1.27 $1.15 $1.00 $0.78 $0.96 Number of accumulation units outstanding at end of period (000 omitted) 8,590 10,504 13,381 18,697 21,524 23,458 24,819 24,880 15,138 2,180 ----------------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,503 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- ROYCE CAPITAL FUND - MICRO-CAP PORTFOLIO, INVESTMENT CLASS (09/15/1999) Accumulation unit value at beginning of period $3.00 $1.92 $3.41 $3.32 $2.76 $2.50 $2.22 $1.50 $1.74 $1.35 Accumulation unit value at end of period $3.87 $3.00 $1.92 $3.41 $3.32 $2.76 $2.50 $2.22 $1.50 $1.74 Number of accumulation units outstanding at end of period (000 omitted) 7,434 9,775 11,919 16,534 20,055 22,867 27,132 27,838 27,063 23,583 -----------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 31
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,789 5,500 3,115 -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.97 $0.84 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16,204 12,467 7,436 -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.91 $0.76 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 30,491 26,565 15,034 -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15,429 15,191 9,299 -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.94 $0.79 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.94 $0.79 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15,804 16,602 8,524 -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.04 $0.85 $1.22 $1.21 $1.07 $1.04 $0.96 $0.80 $0.93 $1.05 Accumulation unit value at end of period $1.16 $1.04 $0.85 $1.22 $1.21 $1.07 $1.04 $0.96 $0.80 $0.93 Number of accumulation units outstanding at end of period (000 omitted) 45,791 55,353 51,095 74,966 74,221 77,525 74,540 73,310 64,613 53,096 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 694 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.19 $1.20 $1.18 $1.14 $1.10 $1.08 $1.09 $1.09 $1.09 $1.06 Accumulation unit value at end of period $1.18 $1.19 $1.20 $1.18 $1.14 $1.10 $1.08 $1.09 $1.09 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 92,405 140,419 290,095 247,870 211,744 147,452 148,915 178,580 228,237 265,455 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 836 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.45 $1.28 $1.38 $1.32 $1.28 $1.26 $1.22 $1.18 $1.13 $1.06 Accumulation unit value at end of period $1.56 $1.45 $1.28 $1.38 $1.32 $1.28 $1.26 $1.22 $1.18 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 214,494 447,493 430,993 408,270 351,043 257,273 190,125 176,013 159,405 106,760 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 229 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.42 $1.13 $1.91 $1.79 $1.51 $1.34 $1.14 $0.82 $1.02 $1.01 Accumulation unit value at end of period $1.65 $1.42 $1.13 $1.91 $1.79 $1.51 $1.34 $1.14 $0.82 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 156,962 307,581 329,220 363,274 383,460 278,737 181,318 99,776 67,958 41,299 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.68 $0.55 $0.96 $0.94 $0.82 $0.78 $0.75 $0.58 $0.76 $0.93 Accumulation unit value at end of period $0.79 $0.68 $0.55 $0.96 $0.94 $0.82 $0.78 $0.75 $0.58 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 120,427 147,939 180,807 242,876 290,744 144,230 94,730 45,599 34,956 26,779 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 353 -- -- -- -- -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------
32 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.65 $1.49 $1.51 $1.42 $1.34 $1.43 $1.31 $1.17 $1.03 $1.02 Accumulation unit value at end of period $1.74 $1.65 $1.49 $1.51 $1.42 $1.34 $1.43 $1.31 $1.17 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 68,524 137,253 142,773 141,675 123,834 102,876 72,702 54,100 36,626 23,970 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 310 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.18 $1.11 $1.12 $1.05 $1.05 $1.03 $1.00 -- -- -- Accumulation unit value at end of period $1.21 $1.18 $1.11 $1.12 $1.05 $1.05 $1.03 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 63,669 192,220 113,444 88,734 95,224 51,906 1,504 -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.08 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 225 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.54 $1.01 $1.37 $1.35 $1.23 $1.20 $1.08 $0.87 $0.94 $0.91 Accumulation unit value at end of period $1.74 $1.54 $1.01 $1.37 $1.35 $1.23 $1.20 $1.08 $0.87 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 89,489 111,734 125,862 186,775 221,767 237,711 236,566 197,358 122,784 88,813 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 160 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.31 $0.93 $1.16 $1.14 $1.06 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.47 $1.31 $0.93 $1.16 $1.14 $1.06 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39,448 141,698 76,770 65,977 61,812 18,068 783 -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 432 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 19 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (05/01/2001) Accumulation unit value at beginning of period $1.20 $0.74 $1.35 $1.20 $1.22 $1.11 $1.03 $0.85 $0.99 $1.00 Accumulation unit value at end of period $1.50 $1.20 $0.74 $1.35 $1.20 $1.22 $1.11 $1.03 $0.85 $0.99 Number of accumulation units outstanding at end of period (000 omitted) 21,606 26,343 25,504 35,043 43,939 31,419 35,498 29,450 12,145 2,238 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.26 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 50 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.13 $0.81 $1.48 $1.36 $1.19 $1.00 -- -- -- -- Accumulation unit value at end of period $1.37 $1.13 $0.81 $1.48 $1.36 $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 19,331 32,037 45,362 43,555 54,642 4,982 -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $0.80 $0.64 $1.03 $0.99 $0.86 $0.84 $0.77 $0.60 $0.79 $0.91 Accumulation unit value at end of period $0.91 $0.80 $0.64 $1.03 $0.99 $0.86 $0.84 $0.77 $0.60 $0.79 Number of accumulation units outstanding at end of period (000 omitted) 55,090 65,626 73,795 92,416 104,302 122,070 117,372 91,398 65,011 40,575 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 498 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.30 $1.24 $1.29 $1.24 $1.20 $1.20 $1.20 $1.19 $1.13 $1.08 Accumulation unit value at end of period $1.33 $1.30 $1.24 $1.29 $1.24 $1.20 $1.20 $1.20 $1.19 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 78,228 88,306 108,778 104,637 108,222 121,249 130,386 135,202 116,147 56,966 -----------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 33
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 310 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 23 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.55 $0.41 $0.74 $0.72 $0.66 $0.61 $0.57 $0.47 $0.64 $0.94 Accumulation unit value at end of period $0.64 $0.55 $0.41 $0.74 $0.72 $0.66 $0.61 $0.57 $0.47 $0.64 Number of accumulation units outstanding at end of period (000 omitted) 72,817 90,930 116,110 186,447 216,237 212,229 135,373 147,485 118,986 130,764 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 32 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $0.99 $0.79 $1.32 $1.34 $1.13 $1.09 $1.00 -- -- -- Accumulation unit value at end of period $1.18 $0.99 $0.79 $1.32 $1.34 $1.13 $1.09 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,063 3,736 2,900 4,152 4,707 3,594 2,030 -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 47 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $1.39 $1.01 $1.65 $1.74 $1.58 $1.52 $1.29 $0.88 $1.07 $1.16 Accumulation unit value at end of period $1.75 $1.39 $1.01 $1.65 $1.74 $1.58 $1.52 $1.29 $0.88 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 12,744 15,189 18,734 28,329 38,372 46,718 51,057 39,709 29,341 24,346 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.22 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 414 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (05/01/2000) Accumulation unit value at beginning of period $2.19 $1.27 $2.77 $2.02 $1.53 $1.15 $0.94 $0.67 $0.72 $0.74 Accumulation unit value at end of period $2.60 $2.19 $1.27 $2.77 $2.02 $1.53 $1.15 $0.94 $0.67 $0.72 Number of accumulation units outstanding at end of period (000 omitted) 33,567 47,289 61,879 50,491 51,867 44,244 16,315 6,501 3,888 1,542 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 44 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (09/15/1999) Accumulation unit value at beginning of period $0.92 $0.73 $1.24 $1.11 $0.90 $0.80 $0.69 $0.54 $0.67 $0.95 Accumulation unit value at end of period $1.04 $0.92 $0.73 $1.24 $1.11 $0.90 $0.80 $0.69 $0.54 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 27,645 35,421 42,730 58,762 64,541 61,793 40,351 21,462 19,189 18,664 ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 45,018 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 123,203 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.18 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 89 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 120 -- -- -- -- -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------
34 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 244 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 149 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39,107 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 129,583 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 103 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.68 $1.11 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.88 $0.68 $1.11 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,490 163,841 98,708 55,721 57,963 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 172 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 45 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.14 $0.84 $1.34 $1.28 $1.12 $1.12 $1.00 -- -- -- Accumulation unit value at end of period $1.38 $1.14 $0.84 $1.34 $1.28 $1.12 $1.12 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,760 3,165 3,807 5,203 5,724 5,777 2,540 -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 28 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 437 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 46 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.24 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 57 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 33 -- -- -- -- -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 35
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 372,331 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 951,448 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 199,756 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 514,222 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 125,196 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 335,424 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 140 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 10 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 132 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (08/14/2001) Accumulation unit value at beginning of period $1.63 $1.21 $1.78 $1.89 $1.59 $1.51 $1.27 $0.93 $1.07 $1.00 Accumulation unit value at end of period $2.01 $1.63 $1.21 $1.78 $1.89 $1.59 $1.51 $1.27 $0.93 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 26,229 81,111 85,345 79,474 69,587 72,463 57,581 44,918 28,099 6,314 ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 35 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 74 -- -- -- -- -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------
36 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 0.95% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- THIRD AVENUE VALUE PORTFOLIO (09/21/1999) Accumulation unit value at beginning of period $2.48 $1.72 $3.08 $3.27 $2.85 $2.51 $2.12 $1.50 $1.69 $1.50 Accumulation unit value at end of period $2.80 $2.48 $1.72 $3.08 $3.27 $2.85 $2.51 $2.12 $1.50 $1.69 Number of accumulation units outstanding at end of period (000 omitted) 8,717 12,094 15,600 23,616 28,313 32,580 33,905 34,897 35,110 31,848 ----------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (09/15/1999) Accumulation unit value at beginning of period $2.06 $1.39 $2.58 $2.24 $1.65 $1.37 $1.06 $0.72 $0.84 $1.08 Accumulation unit value at end of period $2.55 $2.06 $1.39 $2.58 $2.24 $1.65 $1.37 $1.06 $0.72 $0.84 Number of accumulation units outstanding at end of period (000 omitted) 50,298 80,522 88,899 108,613 122,718 114,381 79,981 56,466 42,309 30,297 ----------------------------------------------------------------------------------------------------------------------- WANGER USA (09/15/1999) Accumulation unit value at beginning of period $1.64 $1.16 $1.94 $1.86 $1.74 $1.58 $1.35 $0.95 $1.15 $1.05 Accumulation unit value at end of period $2.00 $1.64 $1.16 $1.94 $1.86 $1.74 $1.58 $1.35 $0.95 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 67,604 100,879 117,299 145,262 164,257 169,886 140,320 108,046 72,853 46,456 ----------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (12/08/2003) Accumulation unit value at beginning of period $1.06 $0.79 $1.19 $1.11 $1.00 $0.92 $0.86 $0.82 -- -- Accumulation unit value at end of period $1.22 $1.06 $0.79 $1.19 $1.11 $1.00 $0.92 $0.86 -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,292 9,199 8,059 8,609 9,669 10,001 8,036 6,384 -- -- ----------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INDEX ASSET ALLOCATION FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.08 $0.95 $1.35 $1.26 $1.14 $1.09 $1.01 $0.84 $0.97 $1.00 Accumulation unit value at end of period $1.21 $1.08 $0.95 $1.35 $1.26 $1.14 $1.09 $1.01 $0.84 $0.97 Number of accumulation units outstanding at end of period (000 omitted) 11,303 15,303 19,992 28,981 29,215 32,466 31,201 22,278 11,859 3,224 ----------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.20 $1.05 $1.82 $1.60 $1.31 $1.15 $1.00 -- -- -- Accumulation unit value at end of period $1.39 $1.20 $1.05 $1.82 $1.60 $1.31 $1.15 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 15,532 69,836 8,283 11,475 12,674 9,815 2,086 -- -- -- ----------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (08/13/2001) Accumulation unit value at beginning of period $1.24 $0.84 $1.42 $1.35 $1.21 $1.13 $0.97 $0.72 $0.99 $1.00 Accumulation unit value at end of period $1.51 $1.24 $0.84 $1.42 $1.35 $1.21 $1.13 $0.97 $0.72 $0.99 Number of accumulation units outstanding at end of period (000 omitted) 9,802 11,212 13,585 18,131 21,391 25,313 25,983 24,999 17,130 3,747 ----------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (05/01/2001) Accumulation unit value at beginning of period $1.16 $0.76 $1.32 $1.17 $0.96 $0.91 $0.81 $0.58 $0.94 $1.00 Accumulation unit value at end of period $1.45 $1.16 $0.76 $1.32 $1.17 $0.96 $0.91 $0.81 $0.58 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 18,266 20,853 19,000 23,653 17,655 14,334 16,103 13,800 7,655 2,230 -----------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 37
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.06 $0.70 $1.35 $1.14 $1.06 $1.00 -- -- -- Accumulation unit value at end of period $1.25 $1.06 $0.70 $1.35 $1.14 $1.06 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 500 609 425 664 2,023 333 -- -- -- -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (02/13/2002) Accumulation unit value at beginning of period $1.01 $0.85 $1.45 $1.40 $1.21 $1.16 $1.06 $0.81 $1.00 Accumulation unit value at end of period $1.13 $1.01 $0.85 $1.45 $1.40 $1.21 $1.16 $1.06 $0.81 Number of accumulation units outstanding at end of period (000 omitted) 5,815 7,705 10,045 14,240 18,481 20,739 16,610 9,284 3,503 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (02/13/2002) Accumulation unit value at beginning of period $1.67 $1.25 $2.71 $2.59 $1.94 $1.68 $1.36 $0.95 $1.00 Accumulation unit value at end of period $1.72 $1.67 $1.25 $2.71 $2.59 $1.94 $1.68 $1.36 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 12,904 19,906 29,486 32,186 31,867 25,568 11,679 5,621 1,417 -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS II (02/13/2002) Accumulation unit value at beginning of period $1.38 $1.05 $1.92 $1.64 $1.33 $1.19 $1.05 $0.85 $1.00 Accumulation unit value at end of period $1.55 $1.38 $1.05 $1.92 $1.64 $1.33 $1.19 $1.05 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 3,276 3,810 5,162 6,589 7,826 7,538 4,969 2,812 944 -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.87 $0.67 $0.90 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.02 $0.87 $0.67 $0.90 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,356 5,341 7,412 9,862 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.91 $0.68 $1.18 $0.99 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.05 $0.91 $0.68 $1.18 $0.99 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,610 1,815 2,188 2,203 12,931 2,015 -- -- -- -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (02/13/2002) Accumulation unit value at beginning of period $1.26 $1.06 $1.46 $1.56 $1.33 $1.28 $1.13 $0.89 $1.00 Accumulation unit value at end of period $1.41 $1.26 $1.06 $1.46 $1.56 $1.33 $1.28 $1.13 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 9,687 11,068 13,643 20,382 24,433 25,428 16,423 8,977 2,837 -------------------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (02/13/2002) Accumulation unit value at beginning of period $1.08 $0.87 $1.28 $1.26 $1.17 $1.11 $1.04 $0.88 $1.00 Accumulation unit value at end of period $1.20 $1.08 $0.87 $1.28 $1.26 $1.17 $1.11 $1.04 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 1,553 1,706 1,873 2,380 3,270 3,186 2,458 1,272 211 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD INCOME FUND, CLASS 2 (04/28/2006) Accumulation unit value at beginning of period $1.14 $0.80 $1.08 $1.07 $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 $1.14 $0.80 $1.08 $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,843 5,923 6,783 10,284 12,074 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.19 $1.02 $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 $0.89 $0.71 $1.19 $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,954 47,208 42,915 31,378 21,100 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.64 $1.26 $1.07 $1.00 -- -- -- -- Accumulation unit value at end of period $0.99 $0.88 $0.64 $1.26 $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,409 4,016 5,121 4,198 9,849 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.74 $1.13 $0.97 $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 $0.87 $0.74 $1.13 $0.97 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,003 6,589 4,848 3,423 9,239 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.07 $0.75 $1.03 $1.03 $1.00 -- -- -- -- Accumulation unit value at end of period $1.15 $1.07 $0.75 $1.03 $1.03 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,826 20,977 18,362 19,211 18,826 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.91 $0.68 $1.20 $1.03 $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 $0.91 $0.68 $1.20 $1.03 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 23,331 32,815 53,546 45,072 40,094 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.04 $0.83 $1.44 $1.30 $1.16 $1.09 $1.04 $0.85 $1.00 Accumulation unit value at end of period $1.18 $1.04 $0.83 $1.44 $1.30 $1.16 $1.09 $1.04 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 9,202 10,988 14,570 20,111 25,441 28,158 27,602 15,940 3,592 --------------------------------------------------------------------------------------------------------------------------
38 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.86 $1.35 $2.25 $1.97 $1.77 $1.52 $1.23 $0.90 $1.00 Accumulation unit value at end of period $2.37 $1.86 $1.35 $2.25 $1.97 $1.77 $1.52 $1.23 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 19,376 28,494 38,797 44,787 53,339 46,944 30,787 15,111 4,182 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.45 $1.16 $2.09 $1.80 $1.55 $1.32 $1.17 $0.83 $1.00 Accumulation unit value at end of period $1.62 $1.45 $1.16 $2.09 $1.80 $1.55 $1.32 $1.17 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 4,194 5,075 6,432 8,255 10,330 9,686 7,474 2,900 553 -------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.25 $1.06 $1.86 $2.37 $1.99 $1.77 $1.36 $1.01 $1.00 Accumulation unit value at end of period $1.50 $1.25 $1.06 $1.86 $2.37 $1.99 $1.77 $1.36 $1.01 Number of accumulation units outstanding at end of period (000 omitted) 5,793 7,137 9,150 14,263 20,694 22,307 17,231 9,166 2,887 -------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.51 $1.18 $1.77 $1.84 $1.59 $1.47 $1.20 $0.92 $1.00 Accumulation unit value at end of period $1.91 $1.51 $1.18 $1.77 $1.84 $1.59 $1.47 $1.20 $0.92 Number of accumulation units outstanding at end of period (000 omitted) 5,667 7,198 8,815 11,862 14,227 13,298 8,980 5,248 2,075 -------------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.26 $1.01 $1.62 $1.58 $1.35 $1.23 $1.10 $0.89 $1.00 Accumulation unit value at end of period $1.38 $1.26 $1.01 $1.62 $1.58 $1.35 $1.23 $1.10 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 8,593 10,913 14,362 21,837 22,449 18,871 13,076 6,742 1,735 -------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (02/13/2002) Accumulation unit value at beginning of period $1.63 $1.24 $1.98 $1.94 $1.69 $1.51 $1.21 $0.95 $1.00 Accumulation unit value at end of period $2.02 $1.63 $1.24 $1.98 $1.94 $1.69 $1.51 $1.21 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 10,069 12,872 16,558 24,512 29,515 30,996 15,049 7,743 2,583 -------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (02/13/2002) Accumulation unit value at beginning of period $1.01 $0.84 $1.35 $1.38 $1.24 $1.17 $1.03 $0.80 $1.00 Accumulation unit value at end of period $1.12 $1.01 $0.84 $1.35 $1.38 $1.24 $1.17 $1.03 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 8,681 11,037 13,564 20,871 27,339 30,636 9,922 2,742 1,048 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (02/13/2002) Accumulation unit value at beginning of period $0.89 $0.74 $1.31 $1.18 $1.13 $1.05 $1.00 $0.78 $1.00 Accumulation unit value at end of period $1.01 $0.89 $0.74 $1.31 $1.18 $1.13 $1.05 $1.00 $0.78 Number of accumulation units outstanding at end of period (000 omitted) 8,736 10,744 12,622 15,385 19,282 24,536 5,492 1,386 379 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (02/13/2002) Accumulation unit value at beginning of period $1.23 $0.88 $1.67 $1.53 $1.33 $1.23 $1.07 $0.80 $1.00 Accumulation unit value at end of period $1.44 $1.23 $0.88 $1.67 $1.53 $1.33 $1.23 $1.07 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 1,142 1,576 2,199 3,003 3,321 2,836 2,429 1,198 552 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. DYNAMICS FUND, SERIES I SHARES (02/13/2002) Accumulation unit value at beginning of period $1.11 $0.78 $1.53 $1.37 $1.19 $1.09 $0.97 $0.71 $1.00 Accumulation unit value at end of period $1.36 $1.11 $0.78 $1.53 $1.37 $1.19 $1.09 $0.97 $0.71 Number of accumulation units outstanding at end of period (000 omitted) 138 250 327 479 608 830 916 758 242 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES I SHARES (02/13/2002) Accumulation unit value at beginning of period $0.56 $0.45 $1.12 $1.45 $1.26 $1.20 $1.11 $0.87 $1.00 Accumulation unit value at end of period $0.62 $0.56 $0.45 $1.12 $1.45 $1.26 $1.20 $1.11 $0.87 Number of accumulation units outstanding at end of period (000 omitted) 1,814 2,151 1,606 1,004 1,342 1,322 1,122 925 526 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.00 $0.80 $1.13 $1.02 $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 $1.00 $0.80 $1.13 $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 912 956 923 753 5,096 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.23 $0.92 $1.57 $1.38 $1.09 $1.00 -- -- -- Accumulation unit value at end of period $1.37 $1.23 $0.92 $1.57 $1.38 $1.09 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,166 14,695 14,785 8,000 503 2 -- -- -- -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. TECHNOLOGY FUND, SERIES I SHARES (02/13/2002) Accumulation unit value at beginning of period $0.84 $0.54 $0.99 $0.93 $0.85 $0.84 $0.81 $0.56 $1.00 Accumulation unit value at end of period $1.01 $0.84 $0.54 $0.99 $0.93 $0.85 $0.84 $0.81 $0.56 Number of accumulation units outstanding at end of period (000 omitted) 2,504 2,935 2,808 2,913 3,543 4,728 1,650 851 192 -------------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.06 $0.84 $1.31 $1.36 $1.18 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.22 $1.06 $0.84 $1.31 $1.36 $1.18 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 19,642 32,587 43,694 51,531 60,771 53,896 12,916 -- -- --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 39
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES GLOBAL TECHNOLOGY PORTFOLIO: SERVICE SHARES (02/13/2002) Accumulation unit value at beginning of period $1.12 $0.72 $1.30 $1.08 $1.01 $0.92 $0.92 $0.64 $1.00 Accumulation unit value at end of period $1.38 $1.12 $0.72 $1.30 $1.08 $1.01 $0.92 $0.92 $0.64 Number of accumulation units outstanding at end of period (000 omitted) 450 384 367 507 505 468 467 428 68 -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.96 $0.85 $0.63 $1.06 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,203 38,560 33,658 25,246 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES OVERSEAS PORTFOLIO: SERVICE SHARES (02/13/2002) Accumulation unit value at beginning of period $2.49 $1.40 $2.97 $2.34 $1.61 $1.23 $1.05 $0.79 $1.00 Accumulation unit value at end of period $3.08 $2.49 $1.40 $2.97 $2.34 $1.61 $1.23 $1.05 $0.79 Number of accumulation units outstanding at end of period (000 omitted) 1,173 1,272 1,603 1,484 1,656 1,555 1,500 1,254 681 -------------------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.84 $0.60 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.84 $0.60 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 364 497 443 225 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $1.03 $0.75 $1.20 $1.09 $1.03 $0.99 $0.92 $0.76 $1.00 Accumulation unit value at end of period $1.14 $1.03 $0.75 $1.20 $1.09 $1.03 $0.99 $0.92 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 3,412 4,222 4,927 5,932 8,628 8,658 5,399 2,971 1,088 -------------------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $1.14 $0.71 $1.18 $1.17 $1.04 $1.00 $0.96 $0.72 $1.00 Accumulation unit value at end of period $1.54 $1.14 $0.71 $1.18 $1.17 $1.04 $1.00 $0.96 $0.72 Number of accumulation units outstanding at end of period (000 omitted) 1,975 2,166 2,718 3,692 5,363 6,257 6,311 5,191 2,112 -------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $2.25 $1.71 $2.78 $2.20 $1.70 $1.47 $1.14 $0.85 $1.00 Accumulation unit value at end of period $2.53 $2.25 $1.71 $2.78 $2.20 $1.70 $1.47 $1.14 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 4,253 5,019 6,021 7,678 8,231 6,871 3,380 1,670 276 -------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.86 $0.61 $1.11 $1.22 $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 $0.86 $0.61 $1.11 $1.22 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,422 10,214 14,095 9,916 8,886 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.98 $0.63 $1.20 $0.99 $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 $0.98 $0.63 $1.20 $0.99 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,749 2,148 2,776 2,519 6,372 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.75 $0.56 $1.07 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $0.91 $0.75 $0.56 $1.07 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 833 9,498 10,873 10,350 9,305 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.29 $0.94 $1.59 $1.51 $1.30 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.48 $1.29 $0.94 $1.59 $1.51 $1.30 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,713 6,423 8,456 11,884 14,402 11,208 4,318 -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.24 $1.05 $1.24 $1.15 $1.08 $1.07 $1.00 -- -- Accumulation unit value at end of period $1.40 $1.24 $1.05 $1.24 $1.15 $1.08 $1.07 -- -- Number of accumulation units outstanding at end of period (000 omitted) 36,401 70,681 82,157 92,164 64,615 34,899 7,003 -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.15 $0.85 $1.38 $1.42 $1.25 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.40 $1.15 $0.85 $1.38 $1.42 $1.25 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,518 5,663 7,256 9,606 10,328 6,924 2,998 -- -- -------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.12 $0.93 $1.11 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.25 $1.12 $0.93 $1.11 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7,695 26,403 31,669 27,066 26,857 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT GLOBAL HEALTH CARE FUND - CLASS IB SHARES (02/13/2002) Accumulation unit value at beginning of period $1.15 $0.92 $1.12 $1.14 $1.12 $1.00 $0.94 $0.81 $1.00 Accumulation unit value at end of period $1.17 $1.15 $0.92 $1.12 $1.14 $1.12 $1.00 $0.94 $0.81 Number of accumulation units outstanding at end of period (000 omitted) 1,676 2,116 2,705 3,423 4,490 4,351 2,530 1,776 617 --------------------------------------------------------------------------------------------------------------------------
40 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT INTERNATIONAL EQUITY FUND - CLASS IB SHARES (02/13/2002) Accumulation unit value at beginning of period $1.30 $1.05 $1.90 $1.77 $1.40 $1.26 $1.09 $0.86 $1.00 Accumulation unit value at end of period $1.41 $1.30 $1.05 $1.90 $1.77 $1.40 $1.26 $1.09 $0.86 Number of accumulation units outstanding at end of period (000 omitted) 1,420 1,819 2,476 3,409 3,961 4,252 4,043 4,165 2,086 -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 574 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 999 897 88 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.97 $0.84 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,338 1,849 1,582 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.91 $0.76 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,426 2,698 2,013 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,607 2,942 1,762 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,353 2,685 829 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.16 $0.94 $1.36 $1.35 $1.19 $1.16 $1.07 $0.90 $1.00 Accumulation unit value at end of period $1.29 $1.16 $0.94 $1.36 $1.35 $1.19 $1.16 $1.07 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 6,232 8,438 2,967 5,018 4,466 3,385 2,471 1,608 531 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.09 $1.10 $1.08 $1.04 $1.01 $0.99 $1.00 $1.00 $1.00 Accumulation unit value at end of period $1.08 $1.09 $1.10 $1.08 $1.04 $1.01 $0.99 $1.00 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 13,198 23,076 51,260 39,420 37,806 22,067 19,507 13,022 12,452 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.27 $1.12 $1.21 $1.16 $1.12 $1.11 $1.07 $1.04 $1.00 Accumulation unit value at end of period $1.36 $1.27 $1.12 $1.21 $1.16 $1.12 $1.11 $1.07 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 33,910 89,692 93,379 103,330 87,923 50,746 22,751 13,984 6,481 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.44 $1.14 $1.94 $1.82 $1.53 $1.36 $1.17 $0.83 $1.00 Accumulation unit value at end of period $1.67 $1.44 $1.14 $1.94 $1.82 $1.53 $1.36 $1.17 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 27,619 59,080 64,717 69,629 75,610 47,282 24,579 8,342 3,101 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $0.86 $0.70 $1.22 $1.20 $1.05 $1.00 $0.95 $0.75 $1.00 Accumulation unit value at end of period $1.00 $0.86 $0.70 $1.22 $1.20 $1.05 $1.00 $0.95 $0.75 Number of accumulation units outstanding at end of period (000 omitted) 13,426 16,370 18,986 23,697 27,942 27,550 4,862 1,779 291 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.60 $1.45 $1.47 $1.38 $1.31 $1.39 $1.28 $1.14 $1.00 Accumulation unit value at end of period $1.69 $1.60 $1.45 $1.47 $1.38 $1.31 $1.39 $1.28 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 10,119 24,423 26,925 31,193 26,716 18,771 8,568 3,885 1,060 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.17 $1.11 $1.12 $1.05 $1.05 $1.03 $1.00 -- -- Accumulation unit value at end of period $1.21 $1.17 $1.11 $1.12 $1.05 $1.05 $1.03 -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,533 40,367 23,321 26,608 31,048 20,279 653 -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.64 $1.08 $1.46 $1.44 $1.32 $1.28 $1.16 $0.94 $1.00 Accumulation unit value at end of period $1.85 $1.64 $1.08 $1.46 $1.44 $1.32 $1.28 $1.16 $0.94 Number of accumulation units outstanding at end of period (000 omitted) 8,986 10,600 13,016 20,960 27,180 28,189 24,305 16,280 3,957 --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 41
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.31 $0.93 $1.15 $1.14 $1.06 $1.04 $1.00 -- -- Accumulation unit value at end of period $1.46 $1.31 $0.93 $1.15 $1.14 $1.06 $1.04 -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,861 29,266 19,612 20,632 21,052 7,061 300 -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.24 $0.76 $1.40 $1.24 $1.26 $1.15 $1.07 $0.88 $1.00 Accumulation unit value at end of period $1.55 $1.24 $0.76 $1.40 $1.24 $1.26 $1.15 $1.07 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 1,677 2,137 2,135 2,984 4,676 5,505 5,961 4,649 1,153 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.12 $0.81 $1.48 $1.36 $1.19 $1.00 -- -- -- Accumulation unit value at end of period $1.36 $1.12 $0.81 $1.48 $1.36 $1.19 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,568 6,370 9,682 9,445 15,321 622 -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.05 $0.84 $1.35 $1.30 $1.14 $1.10 $1.01 $0.80 $1.00 Accumulation unit value at end of period $1.19 $1.05 $0.84 $1.35 $1.30 $1.14 $1.10 $1.01 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 5,760 6,575 7,849 10,644 13,132 14,184 11,269 6,544 1,889 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.13 $1.09 $1.13 $1.08 $1.05 $1.04 $1.05 $1.04 $1.00 Accumulation unit value at end of period $1.16 $1.13 $1.09 $1.13 $1.08 $1.05 $1.04 $1.05 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 9,876 11,597 12,804 12,583 16,153 18,707 17,403 14,902 6,107 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $0.89 $0.66 $1.19 $1.17 $1.06 $0.99 $0.92 $0.77 $1.00 Accumulation unit value at end of period $1.03 $0.89 $0.66 $1.19 $1.17 $1.06 $0.99 $0.92 $0.77 Number of accumulation units outstanding at end of period (000 omitted) 7,579 9,725 12,689 20,603 24,725 23,296 7,403 5,647 973 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $0.98 $0.79 $1.31 $1.33 $1.13 $1.09 $1.00 -- -- Accumulation unit value at end of period $1.17 $0.98 $0.79 $1.31 $1.33 $1.13 $1.09 -- -- Number of accumulation units outstanding at end of period (000 omitted) 657 520 582 925 1,124 921 450 -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.34 $0.97 $1.59 $1.68 $1.52 $1.46 $1.25 $0.85 $1.00 Accumulation unit value at end of period $1.68 $1.34 $0.97 $1.59 $1.68 $1.52 $1.46 $1.25 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 1,364 1,760 2,383 3,378 4,827 5,744 5,617 2,920 900 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $2.92 $1.69 $3.70 $2.70 $2.04 $1.54 $1.25 $0.90 $1.00 Accumulation unit value at end of period $3.46 $2.92 $1.69 $3.70 $2.70 $2.04 $1.54 $1.25 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 4,807 7,245 11,453 9,394 9,829 8,412 1,983 492 220 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.45 $1.15 $1.94 $1.74 $1.42 $1.26 $1.08 $0.85 $1.00 Accumulation unit value at end of period $1.63 $1.45 $1.15 $1.94 $1.74 $1.42 $1.26 $1.08 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 2,671 3,118 3,748 5,324 5,986 5,133 2,551 340 55 -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,096 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 34,056 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,295 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20,656 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.88 $0.68 $1.11 $1.08 $1.00 -- -- -- -- Accumulation unit value at end of period $0.97 $0.88 $0.68 $1.11 $1.08 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,193 38,320 25,636 18,675 20,639 -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
42 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.00% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.14 $0.84 $1.34 $1.28 $1.12 $1.12 $1.00 -- -- Accumulation unit value at end of period $1.37 $1.14 $0.84 $1.34 $1.28 $1.12 $1.12 -- -- Number of accumulation units outstanding at end of period (000 omitted) 441 522 766 1,469 1,490 1,493 840 -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,697 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 199,338 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,430 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 118,440 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,250 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 58,788 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.54 $1.14 $1.68 $1.79 $1.50 $1.43 $1.21 $0.88 $1.00 Accumulation unit value at end of period $1.90 $1.54 $1.14 $1.68 $1.79 $1.50 $1.43 $1.21 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 6,022 20,099 23,170 23,547 19,283 20,683 11,379 7,181 3,316 -------------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (02/13/2002) Accumulation unit value at beginning of period $2.49 $1.68 $3.12 $2.71 $1.99 $1.66 $1.28 $0.87 $1.00 Accumulation unit value at end of period $3.08 $2.49 $1.68 $3.12 $2.71 $1.99 $1.66 $1.28 $0.87 Number of accumulation units outstanding at end of period (000 omitted) 8,554 14,208 16,311 18,491 21,367 19,260 9,273 4,376 1,523 -------------------------------------------------------------------------------------------------------------------------- WANGER USA (02/13/2002) Accumulation unit value at beginning of period $1.46 $1.03 $1.73 $1.66 $1.56 $1.41 $1.21 $0.85 $1.00 Accumulation unit value at end of period $1.78 $1.46 $1.03 $1.73 $1.66 $1.56 $1.41 $1.21 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 15,507 23,568 28,344 36,469 42,372 41,455 26,304 13,657 3,732 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (12/08/2003) Accumulation unit value at beginning of period $1.17 $0.87 $1.32 $1.23 $1.11 $1.03 $0.95 $0.93 -- Accumulation unit value at end of period $1.35 $1.17 $0.87 $1.32 $1.23 $1.11 $1.03 $0.95 -- Number of accumulation units outstanding at end of period (000 omitted) 847 808 1,156 1,422 1,855 2,338 2,067 1,338 -- -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INDEX ASSET ALLOCATION FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.14 $1.00 $1.42 $1.33 $1.20 $1.16 $1.07 $0.88 $1.00 Accumulation unit value at end of period $1.28 $1.14 $1.00 $1.42 $1.33 $1.20 $1.16 $1.07 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 1,870 2,083 2,739 3,917 4,549 5,289 5,233 3,858 1,279 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.20 $1.05 $1.81 $1.59 $1.31 $1.14 $1.00 -- -- Accumulation unit value at end of period $1.38 $1.20 $1.05 $1.81 $1.59 $1.31 $1.14 -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,118 15,466 3,851 5,245 6,006 4,632 1,316 -- -- -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.29 $0.88 $1.48 $1.40 $1.26 $1.18 $1.01 $0.75 $1.00 Accumulation unit value at end of period $1.58 $1.29 $0.88 $1.48 $1.40 $1.26 $1.18 $1.01 $0.75 Number of accumulation units outstanding at end of period (000 omitted) 2,173 2,701 3,344 4,587 6,324 7,621 6,990 5,557 2,340 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.34 $0.88 $1.52 $1.35 $1.11 $1.06 $0.94 $0.67 $1.00 Accumulation unit value at end of period $1.68 $1.34 $0.88 $1.52 $1.35 $1.11 $1.06 $0.94 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 2,621 2,879 3,050 3,223 2,943 2,596 2,735 1,772 662 --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 43
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $1.08 $0.71 $1.37 $1.15 $1.00 Accumulation unit value at end of period $1.26 $1.08 $0.71 $1.37 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 1,335 1,422 868 826 2,366 -------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.71 $1.22 $1.17 $1.00 Accumulation unit value at end of period $0.95 $0.85 $0.71 $1.22 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 3,473 3,606 3,339 3,809 815 -------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.80 $0.60 $1.30 $1.24 $1.00 Accumulation unit value at end of period $0.82 $0.80 $0.60 $1.30 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 15,576 55,082 134,103 71,496 17,586 -------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.73 $1.23 $1.09 $1.00 Accumulation unit value at end of period $1.08 $0.99 $0.73 $1.23 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 917 1,097 905 839 170 -------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.83 $1.12 $1.16 $1.00 Accumulation unit value at end of period $1.26 $1.07 $0.83 $1.12 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 4,221 25,534 34,239 39,420 1,124 -------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.72 $1.24 $1.04 $1.00 Accumulation unit value at end of period $1.09 $0.96 $0.72 $1.24 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 1,807 1,872 2,187 1,670 16,170 -------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.79 $1.09 $1.16 $1.00 Accumulation unit value at end of period $1.05 $0.93 $0.79 $1.09 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 8,359 9,000 8,788 9,147 3,228 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.16 $0.81 $1.09 $1.08 $1.00 Accumulation unit value at end of period $1.28 $1.16 $0.81 $1.09 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 6,905 6,860 5,532 5,720 2,032 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.76 $1.27 $1.09 $1.00 Accumulation unit value at end of period $1.15 $0.95 $0.76 $1.27 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 14,397 250,317 170,602 98,884 25,237 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.73 $1.42 $1.20 $1.00 Accumulation unit value at end of period $1.12 $0.99 $0.73 $1.42 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 5,748 6,844 7,828 5,334 11,268 -------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.77 $1.18 $1.02 $1.00 Accumulation unit value at end of period $1.06 $0.91 $0.77 $1.18 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 6,597 6,272 4,552 2,404 11,513 -------------------------------------------------------------------------------------------------------------- DREYFUS VARIABLE INVESTMENT FUND INTERNATIONAL EQUITY PORTFOLIO, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.78 $1.37 $1.18 $1.00 Accumulation unit value at end of period $1.05 $0.96 $0.78 $1.37 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 1,949 1,869 2,216 1,461 334 -------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.74 $1.03 $1.03 $1.00 Accumulation unit value at end of period $1.15 $1.06 $0.74 $1.03 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 17,997 118,218 85,447 67,726 27,120 -------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.72 $1.27 $1.10 $1.00 Accumulation unit value at end of period $1.12 $0.97 $0.72 $1.27 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 31,769 80,198 170,866 120,474 48,092 --------------------------------------------------------------------------------------------------------------
44 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.03 $0.74 $1.24 $1.09 $1.00 Accumulation unit value at end of period $1.31 $1.03 $0.74 $1.24 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 21,472 79,888 111,747 60,463 18,038 -------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.75 $1.34 $1.16 $1.00 Accumulation unit value at end of period $1.04 $0.93 $0.75 $1.34 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 5,049 5,548 5,707 4,948 1,434 -------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.64 $0.54 $0.95 $1.21 $1.00 Accumulation unit value at end of period $0.77 $0.64 $0.54 $0.95 $1.21 Number of accumulation units outstanding at end of period (000 omitted) 5,597 5,633 6,070 7,265 3,157 -------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.70 $1.05 $1.09 $1.00 Accumulation unit value at end of period $1.13 $0.89 $0.70 $1.05 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 5,828 6,619 6,684 6,312 2,407 -------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.73 $1.17 $1.14 $1.00 Accumulation unit value at end of period $1.00 $0.91 $0.73 $1.17 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 11,979 12,441 13,358 15,116 4,294 -------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (06/26/2006) Accumulation unit value at beginning of period $0.82 $0.68 $1.10 $1.13 $1.00 Accumulation unit value at end of period $0.92 $0.82 $0.68 $1.10 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 3,820 3,784 3,714 4,307 1,797 -------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.68 $1.20 $1.09 $1.00 Accumulation unit value at end of period $0.93 $0.81 $0.68 $1.20 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 1,497 1,761 1,891 1,961 1,047 -------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.63 $1.21 $1.10 $1.00 Accumulation unit value at end of period $1.04 $0.89 $0.63 $1.21 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 1,259 1,623 1,750 2,258 575 -------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.45 $0.36 $0.90 $1.17 $1.00 Accumulation unit value at end of period $0.49 $0.45 $0.36 $0.90 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 3,320 3,518 2,599 982 377 -------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.84 $1.20 $1.08 $1.00 Accumulation unit value at end of period $1.10 $1.06 $0.84 $1.20 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 2,319 2,339 1,902 1,489 7,279 -------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.10 $0.82 $1.40 $1.24 $1.00 Accumulation unit value at end of period $1.22 $1.10 $0.82 $1.40 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 7,072 94,818 82,817 36,588 566 -------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.70 $1.10 $1.13 $1.00 Accumulation unit value at end of period $1.01 $0.88 $0.70 $1.10 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 8,232 81,027 107,604 68,660 32,553 -------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- Accumulation unit value at end of period $0.96 $0.85 $0.63 $1.06 -- Number of accumulation units outstanding at end of period (000 omitted) 6,484 250,167 182,177 115,892 -- -------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.84 $0.60 $1.02 $1.00 -- Accumulation unit value at end of period $1.04 $0.84 $0.60 $1.02 -- Number of accumulation units outstanding at end of period (000 omitted) 1,342 1,238 929 534 -- --------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 45
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.04 $0.75 $1.21 $1.10 $1.00 Accumulation unit value at end of period $1.15 $1.04 $0.75 $1.21 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 2,062 1,651 807 641 321 -------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.27 $0.96 $1.57 $1.24 $1.00 Accumulation unit value at end of period $1.42 $1.27 $0.96 $1.57 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 9,996 10,420 10,996 10,760 2,967 -------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.64 $1.16 $1.28 $1.00 Accumulation unit value at end of period $1.08 $0.90 $0.64 $1.16 $1.28 Number of accumulation units outstanding at end of period (000 omitted) 5,173 38,110 50,443 20,119 11,119 -------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.69 $1.31 $1.08 $1.00 Accumulation unit value at end of period $1.41 $1.07 $0.69 $1.31 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 3,564 3,043 2,825 2,863 8,501 -------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.64 $1.20 $1.17 $1.00 Accumulation unit value at end of period $1.02 $0.85 $0.64 $1.20 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 2,095 52,314 49,940 38,901 12,041 -------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.72 $1.21 $1.14 $1.00 Accumulation unit value at end of period $1.14 $0.94 $0.72 $1.21 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 663 607 615 433 124 -------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.00 $0.72 $1.22 $1.17 $1.00 Accumulation unit value at end of period $1.14 $1.00 $0.72 $1.22 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 4,933 5,430 5,426 5,428 2,158 -------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.16 $0.99 $1.17 $1.08 $1.00 Accumulation unit value at end of period $1.32 $1.16 $0.99 $1.17 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 52,025 270,231 222,194 182,029 37,454 -------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.66 $1.07 $1.10 $1.00 Accumulation unit value at end of period $1.09 $0.89 $0.66 $1.07 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 4,833 5,411 5,373 5,501 2,177 -------------------------------------------------------------------------------------------------------------- OPPENHEIMER VALUE FUND/VA, SERVICE SHARES (09/15/2006) Accumulation unit value at beginning of period $0.85 $0.65 $1.12 $1.07 $1.00 Accumulation unit value at end of period $0.96 $0.85 $0.65 $1.12 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 1,186 1,308 1,236 1,705 113 -------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.95 $1.14 $1.07 $1.00 Accumulation unit value at end of period $1.28 $1.14 $0.95 $1.14 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 13,843 143,534 158,174 117,365 42,994 -------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- Accumulation unit value at end of period $0.97 $0.87 $0.71 -- -- Number of accumulation units outstanding at end of period (000 omitted) 952 904 494 -- -- -------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- Accumulation unit value at end of period $1.04 $0.97 $0.84 -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,341 2,575 776 -- -- -------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (05/01/2008) Accumulation unit value at beginning of period $0.91 $0.76 $1.00 -- -- Accumulation unit value at end of period $0.99 $0.91 $0.76 -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,003 4,378 1,254 -- -- --------------------------------------------------------------------------------------------------------------
46 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,303 1,983 764 -- -- -------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,119 2,673 660 -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.79 $1.13 $1.13 $1.00 Accumulation unit value at end of period $1.08 $0.97 $0.79 $1.13 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 5,955 7,468 2,260 3,045 692 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.06 $1.07 $1.06 $1.02 $1.00 Accumulation unit value at end of period $1.05 $1.06 $1.07 $1.06 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 27,422 40,034 78,386 66,258 30,300 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.15 $1.01 $1.09 $1.05 $1.00 Accumulation unit value at end of period $1.23 $1.15 $1.01 $1.09 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 46,358 442,738 396,544 332,535 82,281 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.71 $1.20 $1.13 $1.00 Accumulation unit value at end of period $1.04 $0.90 $0.71 $1.20 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 32,441 313,086 252,046 139,948 47,849 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.83 $0.67 $1.17 $1.15 $1.00 Accumulation unit value at end of period $0.96 $0.83 $0.67 $1.17 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 1,062 1,185 914 1,147 275 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.22 $1.10 $1.12 $1.05 $1.00 Accumulation unit value at end of period $1.28 $1.22 $1.10 $1.12 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 16,568 143,161 130,420 111,551 23,263 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2 -- -- -- -- --------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 47
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.15 $1.09 $1.10 $1.03 $1.00 Accumulation unit value at end of period $1.19 $1.15 $1.09 $1.10 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 12,681 214,008 81,236 68,621 29,756 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.08 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.22 $0.80 $1.09 $1.08 $1.00 Accumulation unit value at end of period $1.38 $1.22 $0.80 $1.09 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 12,241 12,921 10,347 11,949 4,619 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.23 $0.87 $1.08 $1.07 $1.00 Accumulation unit value at end of period $1.37 $1.23 $0.87 $1.08 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 11,029 180,301 95,420 75,951 28,107 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 8 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.04 $0.65 $1.18 $1.05 $1.00 Accumulation unit value at end of period $1.30 $1.04 $0.65 $1.18 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 2,695 2,466 951 867 201 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.65 $1.19 $1.09 $1.00 Accumulation unit value at end of period $1.10 $0.90 $0.65 $1.19 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 9,643 26,538 41,871 28,850 23,159 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.92 $0.74 $1.19 $1.14 $1.00 Accumulation unit value at end of period $1.05 $0.92 $0.74 $1.19 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 3,814 3,971 3,649 2,723 808 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 27 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.08 $1.03 $1.07 $1.03 $1.00 Accumulation unit value at end of period $1.10 $1.08 $1.03 $1.07 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 13,992 14,488 13,686 5,824 1,511 -------------------------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- --------------------------------------------------------------------------------------------------------------
48 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.64 $1.16 $1.14 $1.00 Accumulation unit value at end of period $1.00 $0.86 $0.64 $1.16 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 3,012 2,841 2,743 3,731 1,229 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.69 $1.15 $1.16 $1.00 Accumulation unit value at end of period $1.02 $0.86 $0.69 $1.15 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1,238 753 543 624 255 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.63 $1.04 $1.10 $1.00 Accumulation unit value at end of period $1.10 $0.87 $0.63 $1.04 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 1,586 1,107 745 671 344 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.22 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.45 $0.84 $1.83 $1.34 $1.00 Accumulation unit value at end of period $1.72 $1.45 $0.84 $1.83 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 10,790 37,952 71,157 31,794 8,077 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.77 $1.31 $1.18 $1.00 Accumulation unit value at end of period $1.10 $0.98 $0.77 $1.31 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 3,475 3,620 3,288 3,183 1,483 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,608 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 212,702 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.18 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3 -- -- -- -- --------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 49
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,779 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 245,306 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.70 $1.15 $1.12 $1.00 Accumulation unit value at end of period $1.00 $0.91 $0.70 $1.15 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 5,128 244,849 135,010 80,555 31,988 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.72 $1.16 $1.10 $1.00 Accumulation unit value at end of period $1.18 $0.98 $0.72 $1.16 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 889 792 682 661 84 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.24 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5 -- -- -- -- --------------------------------------------------------------------------------------------------------------
50 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 57,790 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,685,221 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 33,804 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 918,448 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 21,323 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 497,806 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.72 $1.06 $1.12 $1.00 Accumulation unit value at end of period $1.19 $0.97 $0.72 $1.06 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 5,660 145,260 131,215 85,865 10,682 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- --------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 51
VARIABLE ACCOUNT CHARGES OF 1.05% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.77 $1.43 $1.24 $1.00 Accumulation unit value at end of period $1.41 $1.14 $0.77 $1.43 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 14,811 75,441 53,867 29,049 11,710 -------------------------------------------------------------------------------------------------------------- WANGER USA (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.67 $1.13 $1.08 $1.00 Accumulation unit value at end of period $1.15 $0.95 $0.67 $1.13 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 11,753 60,871 53,861 36,284 4,737 -------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.79 $1.20 $1.12 $1.00 Accumulation unit value at end of period $1.23 $1.07 $0.79 $1.20 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 3,660 3,082 1,757 1,013 252 -------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.77 $1.33 $1.17 $1.00 Accumulation unit value at end of period $1.01 $0.88 $0.77 $1.33 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 3,739 122,714 2,444 2,285 776 -------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.02 $0.70 $1.18 $1.11 $1.00 Accumulation unit value at end of period $1.25 $1.02 $0.70 $1.18 $1.11 Number of accumulation units outstanding at end of period (000 omitted) 1,135 1,197 1,080 959 327 -------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.13 $0.75 $1.29 $1.14 $1.00 Accumulation unit value at end of period $1.42 $1.13 $0.75 $1.29 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 5,102 4,669 3,444 3,245 854 --------------------------------------------------------------------------------------------------------------
52 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.10% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $1.08 $0.71 $1.37 $1.15 $1.00 Accumulation unit value at end of period $1.26 $1.08 $0.71 $1.37 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 1,049 1,057 587 365 1,142 -------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.71 $1.22 $1.17 $1.00 Accumulation unit value at end of period $0.95 $0.85 $0.71 $1.22 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 1,850 2,039 1,592 1,556 507 -------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.80 $0.60 $1.30 $1.24 $1.00 Accumulation unit value at end of period $0.82 $0.80 $0.60 $1.30 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 11,867 40,250 87,244 38,356 8,397 -------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.73 $1.23 $1.09 $1.00 Accumulation unit value at end of period $1.08 $0.99 $0.73 $1.23 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 306 239 150 158 111 -------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.83 $1.12 $1.16 $1.00 Accumulation unit value at end of period $1.26 $1.07 $0.83 $1.12 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 2,309 17,413 21,846 20,594 250 -------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.72 $1.24 $1.04 $1.00 Accumulation unit value at end of period $1.09 $0.95 $0.72 $1.24 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 853 821 577 514 7,306 -------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.79 $1.09 $1.16 $1.00 Accumulation unit value at end of period $1.04 $0.93 $0.79 $1.09 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 4,363 4,264 3,835 3,320 1,105 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.15 $0.81 $1.09 $1.08 $1.00 Accumulation unit value at end of period $1.28 $1.15 $0.81 $1.09 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 3,432 2,847 2,027 1,780 588 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.76 $1.27 $1.09 $1.00 Accumulation unit value at end of period $1.15 $0.95 $0.76 $1.27 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 9,404 185,351 110,062 51,553 11,519 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.73 $1.42 $1.20 $1.00 Accumulation unit value at end of period $1.11 $0.99 $0.73 $1.42 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 4,074 4,454 4,367 2,855 5,330 -------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.77 $1.18 $1.02 $1.00 Accumulation unit value at end of period $1.05 $0.91 $0.77 $1.18 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 5,474 4,737 3,330 1,797 5,526 -------------------------------------------------------------------------------------------------------------- DREYFUS VARIABLE INVESTMENT FUND INTERNATIONAL EQUITY PORTFOLIO, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.78 $1.37 $1.18 $1.00 Accumulation unit value at end of period $1.04 $0.96 $0.78 $1.37 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 1,476 1,405 1,322 712 187 -------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.74 $1.03 $1.03 $1.00 Accumulation unit value at end of period $1.14 $1.06 $0.74 $1.03 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 9,427 85,892 52,812 32,564 11,485 -------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.72 $1.27 $1.10 $1.00 Accumulation unit value at end of period $1.12 $0.97 $0.72 $1.27 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 20,266 55,492 108,730 62,826 21,709 -------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.03 $0.74 $1.24 $1.09 $1.00 Accumulation unit value at end of period $1.31 $1.03 $0.74 $1.24 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 13,369 55,298 70,935 30,848 8,140 --------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 53
VARIABLE ACCOUNT CHARGES OF 1.10% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.74 $1.34 $1.16 $1.00 Accumulation unit value at end of period $1.04 $0.93 $0.74 $1.34 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1,884 1,988 1,887 1,417 577 -------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.64 $0.54 $0.95 $1.21 $1.00 Accumulation unit value at end of period $0.76 $0.64 $0.54 $0.95 $1.21 Number of accumulation units outstanding at end of period (000 omitted) 3,862 3,724 3,060 2,707 1,034 -------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.70 $1.05 $1.09 $1.00 Accumulation unit value at end of period $1.13 $0.89 $0.70 $1.05 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 3,986 3,930 3,508 3,160 896 -------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.73 $1.17 $1.14 $1.00 Accumulation unit value at end of period $0.99 $0.90 $0.73 $1.17 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 7,190 7,366 7,976 8,346 2,910 -------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (06/26/2006) Accumulation unit value at beginning of period $0.82 $0.68 $1.10 $1.13 $1.00 Accumulation unit value at end of period $0.91 $0.82 $0.68 $1.10 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 1,238 1,364 1,887 2,280 1,088 -------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.68 $1.20 $1.09 $1.00 Accumulation unit value at end of period $0.93 $0.81 $0.68 $1.20 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 318 504 452 376 159 -------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.63 $1.20 $1.10 $1.00 Accumulation unit value at end of period $1.04 $0.88 $0.63 $1.20 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 1,017 1,177 1,144 1,126 320 -------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.45 $0.36 $0.90 $1.17 $1.00 Accumulation unit value at end of period $0.49 $0.45 $0.36 $0.90 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 2,717 1,989 1,065 278 92 -------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.84 $1.20 $1.08 $1.00 Accumulation unit value at end of period $1.10 $1.06 $0.84 $1.20 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 988 923 830 730 3,445 -------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.10 $0.82 $1.40 $1.24 $1.00 Accumulation unit value at end of period $1.22 $1.10 $0.82 $1.40 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 3,301 69,225 53,378 18,933 98 -------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.69 $1.09 $1.13 $1.00 Accumulation unit value at end of period $1.01 $0.88 $0.69 $1.09 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 4,681 59,457 70,085 36,823 14,779 -------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.85 $0.63 $1.06 $1.00 -- Accumulation unit value at end of period $0.96 $0.85 $0.63 $1.06 -- Number of accumulation units outstanding at end of period (000 omitted) 3,982 186,397 119,627 61,515 -- -------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.84 $0.60 $1.02 $1.00 -- Accumulation unit value at end of period $1.04 $0.84 $0.60 $1.02 -- Number of accumulation units outstanding at end of period (000 omitted) 879 836 406 182 -- -------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.03 $0.75 $1.21 $1.10 $1.00 Accumulation unit value at end of period $1.15 $1.03 $0.75 $1.21 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 1,320 1,309 556 314 77 -------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.26 $0.96 $1.56 $1.24 $1.00 Accumulation unit value at end of period $1.42 $1.26 $0.96 $1.56 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 4,597 4,766 4,903 4,728 1,198 --------------------------------------------------------------------------------------------------------------
54 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.10% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.64 $1.16 $1.28 $1.00 Accumulation unit value at end of period $1.08 $0.89 $0.64 $1.16 $1.28 Number of accumulation units outstanding at end of period (000 omitted) 3,753 28,363 32,801 11,264 5,010 -------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.69 $1.31 $1.08 $1.00 Accumulation unit value at end of period $1.40 $1.07 $0.69 $1.31 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 1,802 1,865 2,003 1,241 3,807 -------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.84 $0.63 $1.20 $1.17 $1.00 Accumulation unit value at end of period $1.02 $0.84 $0.63 $1.20 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 1,411 38,615 32,229 20,665 5,540 -------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.72 $1.21 $1.14 $1.00 Accumulation unit value at end of period $1.14 $0.94 $0.72 $1.21 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 527 473 442 467 131 -------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.72 $1.22 $1.17 $1.00 Accumulation unit value at end of period $1.14 $0.99 $0.72 $1.22 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 2,749 2,662 2,483 2,223 890 -------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.16 $0.99 $1.17 $1.08 $1.00 Accumulation unit value at end of period $1.31 $1.16 $0.99 $1.17 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 25,717 187,936 133,107 88,028 15,783 -------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.66 $1.07 $1.10 $1.00 Accumulation unit value at end of period $1.08 $0.89 $0.66 $1.07 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 3,510 3,623 3,710 3,313 1,148 -------------------------------------------------------------------------------------------------------------- OPPENHEIMER VALUE FUND/VA, SERVICE SHARES (09/15/2006) Accumulation unit value at beginning of period $0.85 $0.65 $1.12 $1.07 $1.00 Accumulation unit value at end of period $0.96 $0.85 $0.65 $1.12 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 487 614 558 739 14 -------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.95 $1.14 $1.07 $1.00 Accumulation unit value at end of period $1.28 $1.14 $0.95 $1.14 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 8,208 106,125 101,673 60,132 18,644 -------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.87 $0.71 $1.00 -- -- Accumulation unit value at end of period $0.96 $0.87 $0.71 -- -- Number of accumulation units outstanding at end of period (000 omitted) 660 525 169 -- -- -------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- Accumulation unit value at end of period $1.04 $0.97 $0.84 -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,297 1,688 436 -- -- -------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (05/01/2008) Accumulation unit value at beginning of period $0.90 $0.76 $1.00 -- -- Accumulation unit value at end of period $0.99 $0.90 $0.76 -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,838 2,246 634 -- -- -------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- Accumulation unit value at end of period $0.98 $0.89 $0.73 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,396 1,800 965 -- -- -------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,087 1,815 324 -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.79 $1.13 $1.13 $1.00 Accumulation unit value at end of period $1.07 $0.97 $0.79 $1.13 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 3,328 4,084 1,157 1,380 306 --------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 55
VARIABLE ACCOUNT CHARGES OF 1.10% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 564 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.06 $1.07 $1.06 $1.02 $1.00 Accumulation unit value at end of period $1.05 $1.06 $1.07 $1.06 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 12,070 19,630 37,395 21,785 9,715 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 133 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.14 $1.01 $1.09 $1.05 $1.00 Accumulation unit value at end of period $1.23 $1.14 $1.01 $1.09 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 22,789 328,316 248,818 163,183 34,539 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 14 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.20 $1.13 $1.00 Accumulation unit value at end of period $1.03 $0.89 $0.71 $1.20 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 18,439 227,242 159,469 71,512 20,717 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.82 $0.67 $1.17 $1.15 $1.00 Accumulation unit value at end of period $0.96 $0.82 $0.67 $1.17 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 368 375 366 461 129 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 48 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.21 $1.10 $1.12 $1.05 $1.00 Accumulation unit value at end of period $1.28 $1.21 $1.10 $1.12 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 7,961 103,933 79,449 54,634 9,735 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 61 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.15 $1.09 $1.10 $1.03 $1.00 Accumulation unit value at end of period $1.19 $1.15 $1.09 $1.10 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 6,274 157,675 48,593 33,414 12,575 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.08 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.22 $0.80 $1.08 $1.08 $1.00 Accumulation unit value at end of period $1.38 $1.22 $0.80 $1.08 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 6,185 5,553 2,850 3,380 1,111 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 97 -- -- -- -- --------------------------------------------------------------------------------------------------------------
56 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.10% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.23 $0.87 $1.08 $1.07 $1.00 Accumulation unit value at end of period $1.37 $1.23 $0.87 $1.08 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 5,172 132,844 59,935 38,612 11,996 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 30 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 29 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.04 $0.64 $1.18 $1.05 $1.00 Accumulation unit value at end of period $1.30 $1.04 $0.64 $1.18 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 1,299 899 309 239 160 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.65 $1.19 $1.09 $1.00 Accumulation unit value at end of period $1.09 $0.90 $0.65 $1.19 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 4,691 16,209 25,171 13,681 10,320 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.92 $0.74 $1.19 $1.14 $1.00 Accumulation unit value at end of period $1.04 $0.92 $0.74 $1.19 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 2,080 1,603 1,026 1,015 235 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 42 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.08 $1.03 $1.07 $1.03 $1.00 Accumulation unit value at end of period $1.10 $1.08 $1.03 $1.07 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 6,531 6,712 3,556 1,592 369 -------------------------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 123 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.64 $1.16 $1.14 $1.00 Accumulation unit value at end of period $1.00 $0.86 $0.64 $1.16 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 1,117 1,096 1,181 1,382 367 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.69 $1.14 $1.16 $1.00 Accumulation unit value at end of period $1.02 $0.85 $0.69 $1.14 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 376 286 100 168 24 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 32 -- -- -- -- --------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 57
VARIABLE ACCOUNT CHARGES OF 1.10% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.63 $1.04 $1.10 $1.00 Accumulation unit value at end of period $1.09 $0.87 $0.63 $1.04 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 617 362 263 187 54 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.22 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 66 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.45 $0.84 $1.83 $1.34 $1.00 Accumulation unit value at end of period $1.71 $1.45 $0.84 $1.83 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 6,267 25,932 45,352 16,836 3,634 -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16 -- -- -- -- -------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.77 $1.31 $1.18 $1.00 Accumulation unit value at end of period $1.10 $0.97 $0.77 $1.31 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 1,824 1,873 1,656 1,210 490 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,088 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 168,024 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.18 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 32 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 59 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,374 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 169,771 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18 -- -- -- -- --------------------------------------------------------------------------------------------------------------
58 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.10% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.70 $1.15 $1.12 $1.00 Accumulation unit value at end of period $1.00 $0.90 $0.70 $1.15 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 2,609 182,362 88,037 42,507 14,138 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 127 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.72 $1.16 $1.10 $1.00 Accumulation unit value at end of period $1.18 $0.98 $0.72 $1.16 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 235 179 95 225 61 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.24 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 13 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 77,581 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,296,870 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 43,655 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 640,890 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,835 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 404,992 -- -- -- -- --------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 59
VARIABLE ACCOUNT CHARGES OF 1.10% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 44 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.71 $1.06 $1.12 $1.00 Accumulation unit value at end of period $1.19 $0.97 $0.71 $1.06 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 2,880 107,087 85,156 45,243 4,783 -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 5 -- -- -- -- -------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 44 -- -- -- -- -------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.77 $1.43 $1.24 $1.00 Accumulation unit value at end of period $1.40 $1.14 $0.77 $1.43 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 7,421 52,684 32,472 14,103 5,176 -------------------------------------------------------------------------------------------------------------- WANGER USA (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.67 $1.12 $1.08 $1.00 Accumulation unit value at end of period $1.15 $0.94 $0.67 $1.12 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 6,752 42,795 34,099 19,102 2,525 -------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.79 $1.20 $1.12 $1.00 Accumulation unit value at end of period $1.22 $1.06 $0.79 $1.20 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 2,124 1,476 508 272 85 -------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.77 $1.33 $1.17 $1.00 Accumulation unit value at end of period $1.01 $0.88 $0.77 $1.33 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 2,182 91,809 1,394 1,157 403 -------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.02 $0.70 $1.17 $1.11 $1.00 Accumulation unit value at end of period $1.24 $1.02 $0.70 $1.17 $1.11 Number of accumulation units outstanding at end of period (000 omitted) 711 701 883 413 120 -------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.13 $0.75 $1.29 $1.14 $1.00 Accumulation unit value at end of period $1.41 $1.13 $0.75 $1.29 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 2,174 1,953 1,467 1,102 248 --------------------------------------------------------------------------------------------------------------
60 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (11/01/2005) Accumulation unit value at beginning of period $1.05 $0.70 $1.34 $1.13 $1.06 $1.00 -- -- -- Accumulation unit value at end of period $1.24 $1.05 $0.70 $1.34 $1.13 $1.06 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 437 548 301 264 846 148 -- -- -- -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (02/13/2002) Accumulation unit value at beginning of period $1.00 $0.84 $1.43 $1.38 $1.20 $1.16 $1.05 $0.81 $1.00 Accumulation unit value at end of period $1.11 $1.00 $0.84 $1.43 $1.38 $1.20 $1.16 $1.05 $0.81 Number of accumulation units outstanding at end of period (000 omitted) 3,288 4,258 6,035 9,112 12,504 14,313 11,547 7,339 4,072 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (02/13/2002) Accumulation unit value at beginning of period $1.64 $1.24 $2.68 $2.57 $1.92 $1.67 $1.35 $0.95 $1.00 Accumulation unit value at end of period $1.69 $1.64 $1.24 $2.68 $2.57 $1.92 $1.67 $1.35 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 6,458 9,981 15,720 18,897 19,979 16,470 7,898 3,918 1,371 -------------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP INTERNATIONAL, CLASS II (02/13/2002) Accumulation unit value at beginning of period $1.36 $1.03 $1.90 $1.63 $1.32 $1.18 $1.04 $0.85 $1.00 Accumulation unit value at end of period $1.52 $1.36 $1.03 $1.90 $1.63 $1.32 $1.18 $1.04 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 1,679 2,015 2,795 3,680 4,188 3,768 2,448 1,128 448 -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (05/01/2007) Accumulation unit value at beginning of period $0.86 $0.67 $0.90 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.86 $0.67 $0.90 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 775 2,523 4,001 5,266 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (11/01/2005) Accumulation unit value at beginning of period $0.90 $0.68 $1.18 $0.99 $1.04 $1.00 -- -- -- Accumulation unit value at end of period $1.03 $0.90 $0.68 $1.18 $0.99 $1.04 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 992 1,098 1,338 1,445 6,545 1,015 -- -- -- -------------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (02/13/2002) Accumulation unit value at beginning of period $1.24 $1.05 $1.45 $1.54 $1.32 $1.27 $1.13 $0.89 $1.00 Accumulation unit value at end of period $1.38 $1.24 $1.05 $1.45 $1.54 $1.32 $1.27 $1.13 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 5,469 6,158 8,079 12,429 15,592 16,716 10,779 5,922 2,396 -------------------------------------------------------------------------------------------------------------------------- CALVERT VARIABLE SERIES, INC. VP SRI BALANCED PORTFOLIO (02/13/2002) Accumulation unit value at beginning of period $1.06 $0.86 $1.26 $1.24 $1.16 $1.11 $1.04 $0.88 $1.00 Accumulation unit value at end of period $1.17 $1.06 $0.86 $1.26 $1.24 $1.16 $1.11 $1.04 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 737 858 1,073 1,711 2,144 2,283 1,690 769 208 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (04/28/2006) Accumulation unit value at beginning of period $1.14 $0.80 $1.07 $1.07 $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 $1.14 $0.80 $1.07 $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,872 4,262 4,864 7,595 9,164 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (05/01/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.18 $1.02 $1.00 -- -- -- -- Accumulation unit value at end of period $1.06 $0.89 $0.71 $1.18 $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,790 22,026 20,913 15,689 10,663 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.64 $1.26 $1.06 $1.00 -- -- -- -- Accumulation unit value at end of period $0.98 $0.87 $0.64 $1.26 $1.06 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,766 2,195 2,857 2,426 5,251 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.73 $1.12 $0.97 $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 $0.87 $0.73 $1.12 $0.97 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,563 2,966 2,963 1,728 4,962 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (05/01/2006) Accumulation unit value at beginning of period $1.06 $0.74 $1.03 $1.03 $1.00 -- -- -- -- Accumulation unit value at end of period $1.14 $1.06 $0.74 $1.03 $1.03 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6,500 12,792 11,376 13,146 12,200 -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 61
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (05/01/2006) Accumulation unit value at beginning of period $0.90 $0.68 $1.19 $1.03 $1.00 -- -- -- -- Accumulation unit value at end of period $1.05 $0.90 $0.68 $1.19 $1.03 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,302 15,949 27,515 23,069 20,348 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP GROWTH & INCOME PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.02 $0.81 $1.42 $1.28 $1.15 $1.09 $1.04 $0.85 $1.00 Accumulation unit value at end of period $1.16 $1.02 $0.81 $1.42 $1.28 $1.15 $1.09 $1.04 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 5,091 6,236 8,328 12,003 16,152 18,132 18,010 11,020 3,508 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.84 $1.33 $2.23 $1.95 $1.76 $1.51 $1.23 $0.90 $1.00 Accumulation unit value at end of period $2.33 $1.84 $1.33 $2.23 $1.95 $1.76 $1.51 $1.23 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 9,514 14,164 20,610 25,720 32,335 28,423 18,934 9,886 3,541 -------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.43 $1.14 $2.07 $1.79 $1.53 $1.31 $1.17 $0.83 $1.00 Accumulation unit value at end of period $1.59 $1.43 $1.14 $2.07 $1.79 $1.53 $1.31 $1.17 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 2,441 3,135 4,259 5,901 7,436 6,520 5,276 2,292 610 -------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.23 $1.05 $1.84 $2.35 $1.97 $1.76 $1.35 $1.01 $1.00 Accumulation unit value at end of period $1.47 $1.23 $1.05 $1.84 $2.35 $1.97 $1.76 $1.35 $1.01 Number of accumulation units outstanding at end of period (000 omitted) 3,274 4,145 5,481 8,852 13,498 15,139 12,119 6,601 2,989 -------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.48 $1.16 $1.75 $1.82 $1.57 $1.46 $1.20 $0.92 $1.00 Accumulation unit value at end of period $1.88 $1.48 $1.16 $1.75 $1.82 $1.57 $1.46 $1.20 $0.92 Number of accumulation units outstanding at end of period (000 omitted) 2,911 3,457 4,647 7,056 8,954 8,682 5,338 3,257 1,610 -------------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.24 $0.99 $1.60 $1.56 $1.34 $1.22 $1.10 $0.89 $1.00 Accumulation unit value at end of period $1.36 $1.24 $0.99 $1.60 $1.56 $1.34 $1.22 $1.10 $0.89 Number of accumulation units outstanding at end of period (000 omitted) 4,727 5,705 8,193 12,837 13,922 11,400 7,311 3,856 1,418 -------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT MID CAP VALUE FUND - INSTITUTIONAL SHARES (02/13/2002) Accumulation unit value at beginning of period $1.60 $1.22 $1.96 $1.92 $1.68 $1.50 $1.21 $0.95 $1.00 Accumulation unit value at end of period $1.98 $1.60 $1.22 $1.96 $1.92 $1.68 $1.50 $1.21 $0.95 Number of accumulation units outstanding at end of period (000 omitted) 6,137 7,669 10,448 15,654 19,762 20,011 10,047 5,836 2,777 -------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (02/13/2002) Accumulation unit value at beginning of period $0.99 $0.83 $1.33 $1.37 $1.23 $1.17 $1.03 $0.80 $1.00 Accumulation unit value at end of period $1.10 $0.99 $0.83 $1.33 $1.37 $1.23 $1.17 $1.03 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 4,364 5,508 7,207 11,550 15,324 16,269 6,220 2,770 1,483 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (02/13/2002) Accumulation unit value at beginning of period $0.88 $0.73 $1.29 $1.17 $1.12 $1.04 $0.99 $0.78 $1.00 Accumulation unit value at end of period $1.00 $0.88 $0.73 $1.29 $1.17 $1.12 $1.04 $0.99 $0.78 Number of accumulation units outstanding at end of period (000 omitted) 3,563 4,612 5,453 7,314 10,002 11,202 2,736 978 447 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (02/13/2002) Accumulation unit value at beginning of period $1.21 $0.86 $1.65 $1.51 $1.32 $1.22 $1.07 $0.80 $1.00 Accumulation unit value at end of period $1.42 $1.21 $0.86 $1.65 $1.51 $1.32 $1.22 $1.07 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 784 992 1,232 1,796 2,051 1,835 1,591 774 463 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. DYNAMICS FUND, SERIES I SHARES (02/13/2002) Accumulation unit value at beginning of period $1.09 $0.77 $1.51 $1.36 $1.19 $1.08 $0.97 $0.71 $1.00 Accumulation unit value at end of period $1.33 $1.09 $0.77 $1.51 $1.36 $1.19 $1.08 $0.97 $0.71 Number of accumulation units outstanding at end of period (000 omitted) 132 145 186 257 357 495 596 554 286 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES I SHARES (02/13/2002) Accumulation unit value at beginning of period $0.56 $0.44 $1.10 $1.43 $1.25 $1.19 $1.11 $0.87 $1.00 Accumulation unit value at end of period $0.61 $0.56 $0.44 $1.10 $1.43 $1.25 $1.19 $1.11 $0.87 Number of accumulation units outstanding at end of period (000 omitted) 911 1,003 1,016 586 904 832 915 731 446 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (05/01/2006) Accumulation unit value at beginning of period $1.00 $0.79 $1.13 $1.02 $1.00 -- -- -- -- Accumulation unit value at end of period $1.03 $1.00 $0.79 $1.13 $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 387 587 665 456 2,466 -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
62 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (11/01/2005) Accumulation unit value at beginning of period $1.22 $0.92 $1.56 $1.38 $1.09 $1.00 -- -- -- Accumulation unit value at end of period $1.36 $1.22 $0.92 $1.56 $1.38 $1.09 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,536 7,083 7,389 4,140 267 5 -- -- -- -------------------------------------------------------------------------------------------------------------------------- INVESCO V.I. TECHNOLOGY FUND, SERIES I SHARES (02/13/2002) Accumulation unit value at beginning of period $0.83 $0.53 $0.98 $0.92 $0.84 $0.83 $0.80 $0.56 $1.00 Accumulation unit value at end of period $1.00 $0.83 $0.53 $0.98 $0.92 $0.84 $0.83 $0.80 $0.56 Number of accumulation units outstanding at end of period (000 omitted) 1,578 1,450 1,188 1,544 1,896 2,168 923 573 157 -------------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (02/04/2004) Accumulation unit value at beginning of period $1.05 $0.83 $1.30 $1.35 $1.18 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.20 $1.05 $0.83 $1.30 $1.35 $1.18 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,203 15,447 21,701 27,381 32,887 26,831 6,418 -- -- -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES GLOBAL TECHNOLOGY PORTFOLIO: SERVICE SHARES (02/13/2002) Accumulation unit value at beginning of period $1.11 $0.71 $1.29 $1.07 $1.01 $0.91 $0.92 $0.63 $1.00 Accumulation unit value at end of period $1.36 $1.11 $0.71 $1.29 $1.07 $1.01 $0.91 $0.92 $0.63 Number of accumulation units outstanding at end of period (000 omitted) 169 178 134 206 215 230 249 279 112 -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.84 $0.63 $1.06 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.95 $0.84 $0.63 $1.06 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,827 18,450 16,906 12,686 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES OVERSEAS PORTFOLIO: SERVICE SHARES (02/13/2002) Accumulation unit value at beginning of period $2.45 $1.38 $2.93 $2.32 $1.60 $1.23 $1.05 $0.79 $1.00 Accumulation unit value at end of period $3.02 $2.45 $1.38 $2.93 $2.32 $1.60 $1.23 $1.05 $0.79 Number of accumulation units outstanding at end of period (000 omitted) 725 806 986 1,042 1,094 854 1,006 956 646 -------------------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.84 $0.59 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.84 $0.59 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 172 204 130 97 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $1.01 $0.74 $1.18 $1.08 $1.02 $0.99 $0.92 $0.76 $1.00 Accumulation unit value at end of period $1.12 $1.01 $0.74 $1.18 $1.08 $1.02 $0.99 $0.92 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 1,440 2,149 2,427 3,135 4,033 4,710 3,047 2,246 712 -------------------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $1.12 $0.70 $1.17 $1.16 $1.04 $1.00 $0.95 $0.72 $1.00 Accumulation unit value at end of period $1.51 $1.12 $0.70 $1.17 $1.16 $1.04 $1.00 $0.95 $0.72 Number of accumulation units outstanding at end of period (000 omitted) 1,318 1,542 1,851 2,675 3,472 4,247 4,567 3,912 1,784 -------------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (02/13/2002) Accumulation unit value at beginning of period $2.21 $1.69 $2.74 $2.18 $1.68 $1.46 $1.14 $0.85 $1.00 Accumulation unit value at end of period $2.48 $2.21 $1.69 $2.74 $2.18 $1.68 $1.46 $1.14 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 2,748 3,343 4,698 6,370 6,302 5,189 2,575 1,371 431 -------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.85 $0.61 $1.10 $1.22 $1.00 -- -- -- -- Accumulation unit value at end of period $1.03 $0.85 $0.61 $1.10 $1.22 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,304 4,848 7,113 4,961 4,670 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (05/01/2006) Accumulation unit value at beginning of period $0.98 $0.63 $1.19 $0.99 $1.00 -- -- -- -- Accumulation unit value at end of period $1.28 $0.98 $0.63 $1.19 $0.99 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,284 1,240 1,487 1,490 3,111 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (05/01/2006) Accumulation unit value at beginning of period $0.75 $0.56 $1.06 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $0.90 $0.75 $0.56 $1.06 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 320 4,088 5,048 4,922 4,471 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 17 -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 63
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.28 $0.93 $1.58 $1.50 $1.30 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.46 $1.28 $0.93 $1.58 $1.50 $1.30 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,966 3,414 4,437 6,986 8,796 5,927 2,391 -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.22 $1.04 $1.23 $1.14 $1.08 $1.06 $1.00 -- -- Accumulation unit value at end of period $1.38 $1.22 $1.04 $1.23 $1.14 $1.08 $1.06 -- -- Number of accumulation units outstanding at end of period (000 omitted) 25,920 45,739 58,677 62,902 46,387 23,303 4,223 -- -- -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (02/04/2004) Accumulation unit value at beginning of period $1.14 $0.84 $1.37 $1.41 $1.24 $1.15 $1.00 -- -- Accumulation unit value at end of period $1.38 $1.14 $0.84 $1.37 $1.41 $1.24 $1.15 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,099 2,510 3,184 4,773 5,725 3,700 1,477 -- -- -------------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (05/01/2006) Accumulation unit value at beginning of period $1.11 $0.92 $1.11 $1.04 $1.00 -- -- -- -- Accumulation unit value at end of period $1.24 $1.11 $0.92 $1.11 $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7,492 15,667 18,406 14,755 14,860 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT GLOBAL HEALTH CARE FUND - CLASS IB SHARES (02/13/2002) Accumulation unit value at beginning of period $1.13 $0.91 $1.11 $1.13 $1.11 $1.00 $0.94 $0.80 $1.00 Accumulation unit value at end of period $1.15 $1.13 $0.91 $1.11 $1.13 $1.11 $1.00 $0.94 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 683 936 1,192 1,630 2,416 2,388 1,649 1,108 583 -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT INTERNATIONAL EQUITY FUND - CLASS IB SHARES (02/13/2002) Accumulation unit value at beginning of period $1.28 $1.04 $1.87 $1.75 $1.39 $1.25 $1.09 $0.86 $1.00 Accumulation unit value at end of period $1.39 $1.28 $1.04 $1.87 $1.75 $1.39 $1.25 $1.09 $0.86 Number of accumulation units outstanding at end of period (000 omitted) 801 1,046 1,497 2,184 2,660 3,019 2,995 2,797 1,392 -------------------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IB SHARES (09/24/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.13 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 189 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.86 $0.71 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.96 $0.86 $0.71 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 64 334 66 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.97 $0.84 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,836 2,130 1,506 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (05/01/2008) Accumulation unit value at beginning of period $0.90 $0.76 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.90 $0.76 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,345 2,219 1,184 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.89 $0.73 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.89 $0.73 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 958 873 466 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,349 1,964 993 -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.14 $0.93 $1.35 $1.34 $1.18 $1.15 $1.07 $0.90 $1.00 Accumulation unit value at end of period $1.27 $1.14 $0.93 $1.35 $1.34 $1.18 $1.15 $1.07 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 4,325 6,111 2,378 4,008 3,764 3,085 2,273 1,117 462 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $0.99 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 666 -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
64 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.07 $1.08 $1.07 $1.03 $1.00 $0.99 $0.99 $1.00 $1.00 Accumulation unit value at end of period $1.06 $1.07 $1.08 $1.07 $1.03 $1.00 $0.99 $0.99 $1.00 Number of accumulation units outstanding at end of period (000 omitted) 7,758 14,861 39,094 33,791 33,401 18,979 15,014 12,047 12,148 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 428 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.25 $1.11 $1.20 $1.15 $1.12 $1.11 $1.07 $1.04 $1.00 Accumulation unit value at end of period $1.34 $1.25 $1.11 $1.20 $1.15 $1.12 $1.11 $1.07 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 26,396 58,421 63,728 68,622 60,502 37,023 19,654 12,452 5,971 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 293 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.41 $1.12 $1.91 $1.79 $1.51 $1.35 $1.15 $0.83 $1.00 Accumulation unit value at end of period $1.63 $1.41 $1.12 $1.91 $1.79 $1.51 $1.35 $1.15 $0.83 Number of accumulation units outstanding at end of period (000 omitted) 13,939 30,183 36,755 43,798 50,646 33,232 17,932 5,976 2,058 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $0.92 $0.75 $1.31 $1.29 $1.13 $1.08 $1.03 $0.81 $1.00 Accumulation unit value at end of period $1.07 $0.92 $0.75 $1.31 $1.29 $1.13 $1.08 $1.03 $0.81 Number of accumulation units outstanding at end of period (000 omitted) 5,013 6,295 7,479 10,299 12,875 11,604 2,482 744 96 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 517 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.58 $1.43 $1.46 $1.37 $1.30 $1.38 $1.27 $1.14 $1.00 Accumulation unit value at end of period $1.66 $1.58 $1.43 $1.46 $1.37 $1.30 $1.38 $1.27 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 7,371 16,121 18,675 22,272 19,781 15,541 8,857 4,839 1,529 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 237 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.16 $1.10 $1.11 $1.04 $1.04 $1.03 $1.00 -- -- Accumulation unit value at end of period $1.19 $1.16 $1.10 $1.11 $1.04 $1.04 $1.03 -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,304 25,536 17,319 17,958 20,730 13,014 516 -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.08 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 478 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.62 $1.06 $1.44 $1.43 $1.31 $1.27 $1.15 $0.93 $1.00 Accumulation unit value at end of period $1.82 $1.62 $1.06 $1.44 $1.43 $1.31 $1.27 $1.15 $0.93 Number of accumulation units outstanding at end of period (000 omitted) 7,802 9,680 11,973 19,687 25,271 27,474 25,456 15,576 4,269 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 171 -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 65
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (09/13/2004) Accumulation unit value at beginning of period $1.29 $0.92 $1.15 $1.13 $1.06 $1.04 $1.00 -- -- Accumulation unit value at end of period $1.45 $1.29 $0.92 $1.15 $1.13 $1.06 $1.04 -- -- Number of accumulation units outstanding at end of period (000 omitted) 5,416 17,730 11,540 12,716 13,255 4,187 271 -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 145 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 32 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.22 $0.75 $1.38 $1.23 $1.25 $1.15 $1.06 $0.88 $1.00 Accumulation unit value at end of period $1.52 $1.22 $0.75 $1.38 $1.23 $1.25 $1.15 $1.06 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 1,155 1,372 1,170 1,887 2,741 2,961 3,400 2,602 889 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.26 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 56 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (05/02/2005) Accumulation unit value at beginning of period $1.11 $0.80 $1.47 $1.35 $1.19 $1.00 -- -- -- Accumulation unit value at end of period $1.35 $1.11 $0.80 $1.47 $1.35 $1.19 -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,680 2,952 5,049 5,225 7,878 393 -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.03 $0.83 $1.34 $1.29 $1.13 $1.10 $1.01 $0.80 $1.00 Accumulation unit value at end of period $1.17 $1.03 $0.83 $1.34 $1.29 $1.13 $1.10 $1.01 $0.80 Number of accumulation units outstanding at end of period (000 omitted) 3,421 4,568 5,854 8,187 9,874 10,825 9,241 5,428 1,648 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 460 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.12 $1.07 $1.11 $1.07 $1.04 $1.04 $1.04 $1.04 $1.00 Accumulation unit value at end of period $1.14 $1.12 $1.07 $1.11 $1.07 $1.04 $1.04 $1.04 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 9,727 11,135 13,972 12,745 15,464 16,802 16,700 13,079 7,646 -------------------------------------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 163 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 100 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $0.88 $0.65 $1.18 $1.16 $1.05 $0.98 $0.92 $0.76 $1.00 Accumulation unit value at end of period $1.02 $0.88 $0.65 $1.18 $1.16 $1.05 $0.98 $0.92 $0.76 Number of accumulation units outstanding at end of period (000 omitted) 3,547 4,530 6,110 10,992 13,741 13,519 4,079 2,868 392 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 40 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $0.97 $0.78 $1.30 $1.33 $1.13 $1.09 $1.00 -- -- Accumulation unit value at end of period $1.16 $0.97 $0.78 $1.30 $1.33 $1.13 $1.09 -- -- Number of accumulation units outstanding at end of period (000 omitted) 561 429 584 789 734 632 499 -- -- --------------------------------------------------------------------------------------------------------------------------
66 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 22 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.32 $0.95 $1.57 $1.66 $1.51 $1.45 $1.24 $0.85 $1.00 Accumulation unit value at end of period $1.65 $1.32 $0.95 $1.57 $1.66 $1.51 $1.45 $1.24 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 880 971 1,315 2,098 3,358 3,917 3,802 2,139 516 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.22 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 417 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $2.87 $1.67 $3.65 $2.68 $2.02 $1.53 $1.25 $0.90 $1.00 Accumulation unit value at end of period $3.40 $2.87 $1.67 $3.65 $2.68 $2.02 $1.53 $1.25 $0.90 Number of accumulation units outstanding at end of period (000 omitted) 2,468 3,600 5,787 5,242 5,716 4,677 1,199 318 121 -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 53 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.42 $1.13 $1.92 $1.73 $1.41 $1.25 $1.08 $0.85 $1.00 Accumulation unit value at end of period $1.60 $1.42 $1.13 $1.92 $1.73 $1.41 $1.25 $1.08 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 1,443 1,829 2,197 3,162 3,800 3,647 2,172 496 105 -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18,111 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 11,130 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.18 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 118 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 109 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 14 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 200 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 44 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 31,375 -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 67
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20,762 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 38 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (05/01/2006) Accumulation unit value at beginning of period $0.87 $0.67 $1.11 $1.08 $1.00 -- -- -- -- Accumulation unit value at end of period $0.96 $0.87 $0.67 $1.11 $1.08 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,020 17,879 12,896 9,646 10,682 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 490 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 67 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (02/04/2004) Accumulation unit value at beginning of period $1.12 $0.83 $1.33 $1.27 $1.11 $1.12 $1.00 -- -- Accumulation unit value at end of period $1.35 $1.12 $0.83 $1.33 $1.27 $1.11 $1.12 -- -- Number of accumulation units outstanding at end of period (000 omitted) 347 389 614 980 1,141 1,193 732 -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 97 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 184 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 87 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.24 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.15 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 85 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 267,638 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 95,000 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 98,233 -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------
68 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 43,525 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 82,795 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 38,588 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 155 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 10 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 74 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (02/13/2002) Accumulation unit value at beginning of period $1.52 $1.12 $1.66 $1.77 $1.49 $1.42 $1.20 $0.88 $1.00 Accumulation unit value at end of period $1.86 $1.52 $1.12 $1.66 $1.77 $1.49 $1.42 $1.20 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 2,661 9,298 11,506 12,216 10,437 11,559 7,783 5,093 2,665 -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 159 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 163 -- -- -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (02/13/2002) Accumulation unit value at beginning of period $2.45 $1.66 $3.08 $2.68 $1.98 $1.65 $1.28 $0.87 $1.00 Accumulation unit value at end of period $3.02 $2.45 $1.66 $3.08 $2.68 $1.98 $1.65 $1.28 $0.87 Number of accumulation units outstanding at end of period (000 omitted) 4,188 7,020 8,509 10,565 12,918 11,470 5,817 2,667 1,055 -------------------------------------------------------------------------------------------------------------------------- WANGER USA (02/13/2002) Accumulation unit value at beginning of period $1.43 $1.02 $1.71 $1.64 $1.54 $1.40 $1.20 $0.85 $1.00 Accumulation unit value at end of period $1.75 $1.43 $1.02 $1.71 $1.64 $1.54 $1.40 $1.20 $0.85 Number of accumulation units outstanding at end of period (000 omitted) 7,116 11,266 14,444 19,504 23,503 23,080 15,408 8,442 3,131 --------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 69
VARIABLE ACCOUNT CHARGES OF 1.20% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (12/08/2003) Accumulation unit value at beginning of period $1.16 $0.86 $1.30 $1.22 $1.10 $1.02 $0.95 $0.91 -- Accumulation unit value at end of period $1.33 $1.16 $0.86 $1.30 $1.22 $1.10 $1.02 $0.95 -- Number of accumulation units outstanding at end of period (000 omitted) 707 797 823 954 1,268 1,570 1,304 1,011 -- -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INDEX ASSET ALLOCATION FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.12 $0.98 $1.40 $1.32 $1.19 $1.15 $1.06 $0.88 $1.00 Accumulation unit value at end of period $1.26 $1.12 $0.98 $1.40 $1.32 $1.19 $1.15 $1.06 $0.88 Number of accumulation units outstanding at end of period (000 omitted) 776 1,012 1,711 1,996 2,159 2,480 2,738 2,182 770 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (02/04/2004) Accumulation unit value at beginning of period $1.18 $1.04 $1.80 $1.59 $1.31 $1.14 $1.00 -- -- Accumulation unit value at end of period $1.36 $1.18 $1.04 $1.80 $1.59 $1.31 $1.14 -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,780 8,152 2,508 3,470 4,047 3,150 728 -- -- -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.27 $0.87 $1.47 $1.39 $1.25 $1.18 $1.01 $0.75 $1.00 Accumulation unit value at end of period $1.55 $1.27 $0.87 $1.47 $1.39 $1.25 $1.18 $1.01 $0.75 Number of accumulation units outstanding at end of period (000 omitted) 941 1,067 1,472 2,414 3,081 3,829 3,698 3,344 1,985 -------------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (02/13/2002) Accumulation unit value at beginning of period $1.31 $0.87 $1.51 $1.34 $1.10 $1.05 $0.94 $0.67 $1.00 Accumulation unit value at end of period $1.65 $1.31 $0.87 $1.51 $1.34 $1.10 $1.05 $0.94 $0.67 Number of accumulation units outstanding at end of period (000 omitted) 1,331 1,388 1,360 1,799 1,527 1,557 1,643 1,441 387 --------------------------------------------------------------------------------------------------------------------------
70 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.25% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.71 $1.36 $1.15 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.25 $1.07 $0.71 $1.36 $1.15 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 56 84 38 42 66 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.84 $0.71 $1.21 $1.17 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.94 $0.84 $0.71 $1.21 $1.17 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 181 220 213 268 73 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.79 $0.60 $1.29 $1.24 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.81 $0.79 $0.60 $1.29 $1.24 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,366 2,588 5,358 3,278 875 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.73 $1.23 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.07 $0.99 $0.73 $1.23 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20 9 12 15 12 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.83 $1.11 $1.16 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.25 $1.07 $0.83 $1.11 $1.16 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 359 844 1,325 1,557 76 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.71 $1.24 $1.04 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $0.95 $0.71 $1.24 $1.04 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 90 96 60 54 508 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.78 $1.09 $1.16 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.93 $0.78 $1.09 $1.16 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 984 753 477 423 118 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.15 $0.81 $1.09 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.27 $1.15 $0.81 $1.09 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 520 504 321 388 166 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.76 $1.27 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.14 $0.95 $0.76 $1.27 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,359 8,903 5,685 3,534 1,110 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.72 $1.42 $1.20 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.11 $0.98 $0.72 $1.42 $1.20 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 557 523 415 517 474 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.77 $1.18 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.05 $0.91 $0.77 $1.18 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 663 769 609 510 738 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - U.S. EQUITY FLEX I PORTFOLIO (03/05/1996) Accumulation unit value at beginning of period $1.09 $0.88 $1.37 $1.40 $1.35 $1.40 $1.28 $0.87 $1.33 $1.61 Accumulation unit value at end of period $1.23 $1.09 $0.88 $1.37 $1.40 $1.35 $1.40 $1.28 $0.87 $1.33 Number of accumulation units outstanding at end of period (000 omitted) 39,077 47,765 61,041 88,084 148,638 226,170 295,070 313,370 314,849 325,878 ----------------------------------------------------------------------------------------------------------------------- DREYFUS VARIABLE INVESTMENT FUND INTERNATIONAL EQUITY PORTFOLIO, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.78 $1.36 $1.18 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.96 $0.78 $1.36 $1.18 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 311 312 230 123 66 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (06/26/2006) Accumulation unit value at beginning of period $1.05 $0.74 $1.03 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.14 $1.05 $0.74 $1.03 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,589 5,344 4,095 3,491 1,613 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.72 $1.27 $1.10 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.11 $0.96 $0.72 $1.27 $1.10 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,081 4,468 6,247 4,856 1,983 -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 71
VARIABLE ACCOUNT CHARGES OF 1.25% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.02 $0.74 $1.24 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.30 $1.02 $0.74 $1.24 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,025 3,636 4,270 2,609 824 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.92 $0.74 $1.34 $1.16 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.03 $0.92 $0.74 $1.34 $1.16 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 390 449 372 336 120 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.63 $0.53 $0.94 $1.20 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.75 $0.63 $0.53 $0.94 $1.20 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 694 600 374 322 108 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.70 $1.05 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.13 $0.89 $0.70 $1.05 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 341 328 274 319 119 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.73 $1.17 $1.15 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.91 $0.73 $1.17 $1.15 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,026 936 862 939 403 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.68 $1.09 $1.13 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.91 $0.81 $0.68 $1.09 $1.13 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 348 278 233 489 186 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.68 $1.20 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.92 $0.81 $0.68 $1.20 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 111 69 38 37 15 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.63 $1.20 $1.10 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.03 $0.88 $0.63 $1.20 $1.10 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 99 108 95 140 33 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- INVESCO V.I. CORE EQUITY FUND, SERIES I SHARES (03/05/1996) Accumulation unit value at beginning of period $1.85 $1.46 $2.11 $1.98 $1.72 $1.65 $1.53 $1.25 $1.50 $1.96 Accumulation unit value at end of period $2.00 $1.85 $1.46 $2.11 $1.98 $1.72 $1.65 $1.53 $1.25 $1.50 Number of accumulation units outstanding at end of period (000 omitted) 58,751 72,541 92,625 128,470 199,591 281,112 351,566 385,662 422,060 491,682 ----------------------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.45 $0.36 $0.90 $1.17 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.49 $0.45 $0.36 $0.90 $1.17 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 237 199 142 77 25 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.84 $1.19 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $1.06 $0.84 $1.19 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39 42 21 34 203 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.09 $0.82 $1.39 $1.23 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.21 $1.09 $0.82 $1.39 $1.23 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 368 3,232 2,467 1,191 21 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.69 $1.09 $1.13 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.88 $0.69 $1.09 $1.13 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 826 3,240 3,645 2,734 1,254 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.84 $0.63 $1.06 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $0.95 $0.84 $0.63 $1.06 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 477 8,361 5,624 3,686 -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.84 $0.59 $1.02 $1.00 -- -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.84 $0.59 $1.02 -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 46 51 16 5 -- -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------
72 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.25% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.03 $0.75 $1.20 $1.10 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.14 $1.03 $0.75 $1.20 $1.10 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 308 341 166 147 60 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.26 $0.96 $1.56 $1.24 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.41 $1.26 $0.96 $1.56 $1.24 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 519 499 436 440 101 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.64 $1.16 $1.28 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.07 $0.89 $0.64 $1.16 $1.28 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 436 1,306 1,624 799 494 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.69 $1.31 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.39 $1.07 $0.69 $1.31 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 188 206 163 210 295 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.84 $0.63 $1.19 $1.17 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.84 $0.63 $1.19 $1.17 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 109 1,622 1,455 1,246 432 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.72 $1.21 $1.14 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.13 $0.93 $0.72 $1.21 $1.14 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 113 71 70 31 13 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.72 $1.22 $1.16 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.13 $0.99 $0.72 $1.22 $1.16 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 807 631 521 383 108 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.15 $0.99 $1.17 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.31 $1.15 $0.99 $1.17 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,615 13,258 11,659 10,327 3,211 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.66 $1.07 $1.10 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.08 $0.89 $0.66 $1.07 $1.10 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 430 378 262 374 133 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- OPPENHEIMER VALUE FUND/VA, SERVICE SHARES (09/15/2006) Accumulation unit value at beginning of period $0.84 $0.64 $1.12 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.95 $0.84 $0.64 $1.12 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 183 120 74 45 -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.95 $1.14 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.27 $1.14 $0.95 $1.14 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,585 5,695 5,995 4,401 1,767 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- PUTNAM VT MULTI-CAP GROWTH FUND - CLASS IA SHARES (03/05/1996) Accumulation unit value at beginning of period $1.24 $0.94 $1.56 $1.49 $1.38 $1.27 $1.16 $0.89 $1.29 $1.87 Accumulation unit value at end of period $1.46 $1.24 $0.94 $1.56 $1.49 $1.38 $1.27 $1.16 $0.89 $1.29 Number of accumulation units outstanding at end of period (000 omitted) 47,515 57,178 71,705 97,679 149,236 206,197 265,044 324,631 378,658 457,099 ----------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.86 $0.71 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.96 $0.86 $0.71 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 122 90 14 -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.97 $0.84 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 851 673 107 -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (05/01/2008) Accumulation unit value at beginning of period $0.90 $0.76 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.98 $0.90 $0.76 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,477 1,149 78 -- -- -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 73
VARIABLE ACCOUNT CHARGES OF 1.25% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.88 $0.73 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $0.97 $0.88 $0.73 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 259 134 52 -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 885 603 141 -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (03/05/1996) Accumulation unit value at beginning of period $1.60 $1.30 $1.88 $1.87 $1.66 $1.61 $1.49 $1.26 $1.46 $1.65 Accumulation unit value at end of period $1.77 $1.60 $1.30 $1.88 $1.87 $1.66 $1.61 $1.49 $1.26 $1.46 Number of accumulation units outstanding at end of period (000 omitted) 41,584 50,261 63,701 91,481 134,037 183,540 209,599 229,325 246,503 284,118 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.78 $1.13 $1.13 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.07 $0.96 $0.78 $1.13 $1.13 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 983 874 134 177 42 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $0.99 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3) (03/05/1996) Accumulation unit value at beginning of period $1.31 $1.33 $1.31 $1.27 $1.23 $1.21 $1.22 $1.23 $1.23 $1.20 Accumulation unit value at end of period $1.30 $1.31 $1.33 $1.31 $1.27 $1.23 $1.21 $1.22 $1.23 $1.23 Number of accumulation units outstanding at end of period (000 omitted) 17,657 26,429 52,399 53,380 58,183 42,071 53,578 79,090 124,469 144,997 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.05 $1.06 $1.05 $1.02 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.04 $1.05 $1.06 $1.05 $1.02 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,655 7,805 12,817 6,443 2,340 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (03/05/1996) Accumulation unit value at beginning of period $1.58 $1.40 $1.51 $1.45 $1.41 $1.40 $1.36 $1.31 $1.26 $1.19 Accumulation unit value at end of period $1.69 $1.58 $1.40 $1.51 $1.45 $1.41 $1.40 $1.36 $1.31 $1.26 Number of accumulation units outstanding at end of period (000 omitted) 52,791 62,551 74,132 94,011 125,947 161,182 183,879 225,391 262,173 239,020 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.14 $1.01 $1.09 $1.05 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.22 $1.14 $1.01 $1.09 $1.05 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,814 21,366 18,072 15,662 3,649 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (02/13/2009) Accumulation unit value at beginning of period $1.38 $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.59 $1.38 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 62,741 77,782 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.20 $1.13 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.03 $0.89 $0.71 $1.20 $1.13 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,761 11,781 9,201 5,950 2,080 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (03/05/1996) Accumulation unit value at beginning of period $1.09 $0.89 $1.56 $1.53 $1.35 $1.28 $1.23 $0.96 $1.25 $1.55 Accumulation unit value at end of period $1.27 $1.09 $0.89 $1.56 $1.53 $1.35 $1.28 $1.23 $0.96 $1.25 Number of accumulation units outstanding at end of period (000 omitted) 109,733 134,225 171,961 243,359 364,571 136,706 151,774 158,775 161,891 189,700 -----------------------------------------------------------------------------------------------------------------------
74 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.25% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.82 $0.67 $1.17 $1.15 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.95 $0.82 $0.67 $1.17 $1.15 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 162 160 123 116 17 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (05/01/1996) Accumulation unit value at beginning of period $1.77 $1.61 $1.63 $1.54 $1.46 $1.55 $1.43 $1.28 $1.13 $1.13 Accumulation unit value at end of period $1.86 $1.77 $1.61 $1.63 $1.54 $1.46 $1.55 $1.43 $1.28 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 15,395 18,436 24,387 29,881 43,931 63,122 69,347 70,976 70,610 68,070 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.21 $1.10 $1.12 $1.05 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.27 $1.21 $1.10 $1.12 $1.05 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,441 7,312 6,376 5,574 1,823 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.15 $1.09 $1.10 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.18 $1.15 $1.09 $1.10 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,299 9,808 3,985 3,202 1,572 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.08 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (05/01/1996) Accumulation unit value at beginning of period $1.72 $1.13 $1.53 $1.52 $1.39 $1.36 $1.23 $1.00 $1.08 $1.04 Accumulation unit value at end of period $1.94 $1.72 $1.13 $1.53 $1.52 $1.39 $1.36 $1.23 $1.00 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 27,791 34,092 42,231 64,660 107,467 157,929 198,705 211,533 199,695 215,840 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.21 $0.80 $1.08 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.37 $1.21 $0.80 $1.08 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 741 732 714 778 163 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.22 $0.87 $1.08 $1.07 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.36 $1.22 $0.87 $1.08 $1.07 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 895 7,104 3,302 2,730 1,216 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (03/17/2006) Accumulation unit value at beginning of period $0.95 $0.59 $1.08 $0.96 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.18 $0.95 $0.59 $1.08 $0.96 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 31,578 36,757 43,647 58,005 84,783 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.04 $0.64 $1.18 $1.05 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.29 $1.04 $0.64 $1.18 $1.05 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 127 95 46 47 28 -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 75
VARIABLE ACCOUNT CHARGES OF 1.25% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.26 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.64 $1.19 $1.09 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $0.90 $0.64 $1.19 $1.09 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 460 951 1,356 1,081 810 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.74 $1.18 $1.14 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.04 $0.91 $0.74 $1.18 $1.14 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 441 294 214 205 12 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.07 $1.03 $1.07 $1.03 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $1.07 $1.03 $1.07 $1.03 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,648 2,470 1,011 451 45 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.63 $1.15 $1.13 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.86 $0.63 $1.15 $1.13 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 311 255 110 192 64 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.68 $1.14 $1.16 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.01 $0.85 $0.68 $1.14 $1.16 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 89 53 5 4 3 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.63 $1.04 $1.10 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $0.87 $0.63 $1.04 $1.10 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 82 83 22 46 24 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.22 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (02/13/2009) Accumulation unit value at beginning of period $1.81 $1.00 -- -- -- -- -- -- -- -- Accumulation unit value at end of period $2.14 $1.81 -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39,511 47,142 -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.44 $0.84 $1.83 $1.34 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.70 $1.44 $0.84 $1.83 $1.34 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 847 1,478 2,146 1,134 297 -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------
76 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.25% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (03/05/1996) Accumulation unit value at beginning of period $1.24 $0.99 $1.68 $1.51 $1.23 $1.09 $0.94 $0.75 $0.92 $1.31 Accumulation unit value at end of period $1.40 $1.24 $0.99 $1.68 $1.51 $1.23 $1.09 $0.94 $0.75 $0.92 Number of accumulation units outstanding at end of period (000 omitted) 41,245 51,869 68,928 101,902 154,153 186,228 183,739 169,533 183,402 209,472 ----------------------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.77 $1.31 $1.17 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.09 $0.97 $0.77 $1.31 $1.17 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 313 271 145 164 97 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 203 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4,914 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.18 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,762 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 23,879 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.69 $1.14 $1.12 $1.00 -- -- -- -- -- Accumulation unit value at end of period $0.99 $0.90 $0.69 $1.14 $1.12 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 345 7,802 4,317 2,683 1,144 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 77
VARIABLE ACCOUNT CHARGES OF 1.25% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.72 $1.15 $1.10 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.17 $0.97 $0.72 $1.15 $1.10 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 61 32 32 20 2 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.24 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.15 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7,564 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 50,299 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,727 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 24,539 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,853 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26,919 -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------
78 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.25% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.71 $1.05 $1.12 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.18 $0.96 $0.71 $1.05 $1.12 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 442 4,674 3,930 2,808 336 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- -- -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (06/26/2006) Accumulation unit value at beginning of period $1.13 $0.76 $1.42 $1.24 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.39 $1.13 $0.76 $1.42 $1.24 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 886 2,664 1,819 1,115 495 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- WANGER USA (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.67 $1.12 $1.08 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.14 $0.94 $0.67 $1.12 $1.08 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 987 2,463 2,064 1,447 279 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.79 $1.19 $1.12 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.21 $1.06 $0.79 $1.19 $1.12 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 204 168 66 26 3 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.77 $1.33 $1.17 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.00 $0.87 $0.77 $1.33 $1.17 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 250 4,686 97 111 62 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.01 $0.69 $1.17 $1.11 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.24 $1.01 $0.69 $1.17 $1.11 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 83 61 40 29 7 -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.12 $0.74 $1.28 $1.14 $1.00 -- -- -- -- -- Accumulation unit value at end of period $1.40 $1.12 $0.74 $1.28 $1.14 -- -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 351 260 183 186 65 -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 79
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $1.07 $0.71 $1.36 $1.15 $1.00 Accumulation unit value at end of period $1.25 $1.07 $0.71 $1.36 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 443 419 280 300 564 ------------------------------------------------------------------------------------------------------------ ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.84 $0.71 $1.21 $1.17 $1.00 Accumulation unit value at end of period $0.94 $0.84 $0.71 $1.21 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 492 733 800 801 293 ------------------------------------------------------------------------------------------------------------ ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.79 $0.60 $1.29 $1.24 $1.00 Accumulation unit value at end of period $0.81 $0.79 $0.60 $1.29 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 5,887 17,833 45,368 24,195 5,843 ------------------------------------------------------------------------------------------------------------ ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.73 $1.23 $1.09 $1.00 Accumulation unit value at end of period $1.07 $0.99 $0.73 $1.23 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 344 242 206 102 23 ------------------------------------------------------------------------------------------------------------ AMERICAN CENTURY VP MID CAP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.83 $1.11 $1.16 $1.00 Accumulation unit value at end of period $1.25 $1.06 $0.83 $1.11 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1,384 6,247 11,348 12,685 267 ------------------------------------------------------------------------------------------------------------ AMERICAN CENTURY VP ULTRA(R), CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.71 $1.24 $1.04 $1.00 Accumulation unit value at end of period $1.08 $0.95 $0.71 $1.24 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 421 482 466 414 4,125 ------------------------------------------------------------------------------------------------------------ AMERICAN CENTURY VP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.78 $1.08 $1.16 $1.00 Accumulation unit value at end of period $1.03 $0.93 $0.78 $1.08 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 2,972 3,160 2,591 2,786 903 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.81 $1.09 $1.08 $1.00 Accumulation unit value at end of period $1.26 $1.14 $0.81 $1.09 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 2,199 2,059 1,829 1,757 576 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.76 $1.27 $1.09 $1.00 Accumulation unit value at end of period $1.14 $0.95 $0.76 $1.27 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 5,333 81,378 54,827 31,528 7,437 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.72 $1.42 $1.20 $1.00 Accumulation unit value at end of period $1.10 $0.98 $0.72 $1.42 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 2,130 2,414 2,757 2,052 3,503 ------------------------------------------------------------------------------------------------------------ CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.77 $1.18 $1.01 $1.00 Accumulation unit value at end of period $1.04 $0.91 $0.77 $1.18 $1.01 Number of accumulation units outstanding at end of period (000 omitted) 2,791 2,321 1,653 1,007 3,433 ------------------------------------------------------------------------------------------------------------ DREYFUS VARIABLE INVESTMENT FUND INTERNATIONAL EQUITY PORTFOLIO, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.77 $1.36 $1.18 $1.00 Accumulation unit value at end of period $1.03 $0.95 $0.77 $1.36 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 646 764 826 586 205 ------------------------------------------------------------------------------------------------------------ EATON VANCE VT FLOATING-RATE INCOME FUND (06/26/2006) Accumulation unit value at beginning of period $1.05 $0.74 $1.03 $1.02 $1.00 Accumulation unit value at end of period $1.13 $1.05 $0.74 $1.03 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 8,780 44,355 33,621 26,240 10,136 ------------------------------------------------------------------------------------------------------------ FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.72 $1.27 $1.10 $1.00 Accumulation unit value at end of period $1.11 $0.96 $0.72 $1.27 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 11,951 26,262 55,331 38,145 14,254 ------------------------------------------------------------------------------------------------------------ FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.02 $0.74 $1.24 $1.09 $1.00 Accumulation unit value at end of period $1.29 $1.02 $0.74 $1.24 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 6,949 23,688 36,142 18,414 5,441 ------------------------------------------------------------------------------------------------------------
80 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.92 $0.74 $1.34 $1.16 $1.00 Accumulation unit value at end of period $1.03 $0.92 $0.74 $1.34 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1,365 1,556 1,670 1,294 483 ------------------------------------------------------------------------------------------------------------ FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.63 $0.54 $0.95 $1.21 $1.00 Accumulation unit value at end of period $0.76 $0.63 $0.54 $0.95 $1.21 Number of accumulation units outstanding at end of period (000 omitted) 2,730 2,586 2,319 2,457 1,107 ------------------------------------------------------------------------------------------------------------ FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.69 $1.05 $1.09 $1.00 Accumulation unit value at end of period $1.12 $0.89 $0.69 $1.05 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 1,829 1,834 2,047 2,059 1,064 ------------------------------------------------------------------------------------------------------------ FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.72 $1.16 $1.14 $1.00 Accumulation unit value at end of period $0.99 $0.90 $0.72 $1.16 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 4,866 5,084 5,780 6,302 2,030 ------------------------------------------------------------------------------------------------------------ GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.68 $1.09 $1.13 $1.00 Accumulation unit value at end of period $0.91 $0.81 $0.68 $1.09 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 575 698 825 1,284 665 ------------------------------------------------------------------------------------------------------------ INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.68 $1.20 $1.08 $1.00 Accumulation unit value at end of period $0.92 $0.81 $0.68 $1.20 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 333 334 387 388 257 ------------------------------------------------------------------------------------------------------------ INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.63 $1.20 $1.10 $1.00 Accumulation unit value at end of period $1.03 $0.88 $0.63 $1.20 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 594 668 674 879 252 ------------------------------------------------------------------------------------------------------------ INVESCO V.I. FINANCIAL SERVICES FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.45 $0.36 $0.89 $1.17 $1.00 Accumulation unit value at end of period $0.49 $0.45 $0.36 $0.89 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 803 727 507 155 60 ------------------------------------------------------------------------------------------------------------ INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.05 $0.84 $1.19 $1.08 $1.00 Accumulation unit value at end of period $1.09 $1.05 $0.84 $1.19 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 571 583 577 362 1,832 ------------------------------------------------------------------------------------------------------------ INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.09 $0.82 $1.39 $1.23 $1.00 Accumulation unit value at end of period $1.21 $1.09 $0.82 $1.39 $1.23 Number of accumulation units outstanding at end of period (000 omitted) 2,081 29,799 26,041 11,042 102 ------------------------------------------------------------------------------------------------------------ INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.69 $1.09 $1.13 $1.00 Accumulation unit value at end of period $1.00 $0.88 $0.69 $1.09 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 2,823 26,277 34,546 21,804 9,512 ------------------------------------------------------------------------------------------------------------ JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.84 $0.63 $1.06 $1.00 -- Accumulation unit value at end of period $0.95 $0.84 $0.63 $1.06 -- Number of accumulation units outstanding at end of period (000 omitted) 2,336 80,099 57,559 35,017 -- ------------------------------------------------------------------------------------------------------------ LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.84 $0.59 $1.01 $1.00 -- Accumulation unit value at end of period $1.03 $0.84 $0.59 $1.01 -- Number of accumulation units outstanding at end of period (000 omitted) 376 292 292 125 -- ------------------------------------------------------------------------------------------------------------ MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.03 $0.75 $1.20 $1.10 $1.00 Accumulation unit value at end of period $1.14 $1.03 $0.75 $1.20 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 777 698 479 325 80 ------------------------------------------------------------------------------------------------------------ MFS(R) UTILITIES SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.26 $0.96 $1.56 $1.24 $1.00 Accumulation unit value at end of period $1.41 $1.26 $0.96 $1.56 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 3,729 4,001 3,917 3,235 1,005 ------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 81
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.64 $1.16 $1.28 $1.00 Accumulation unit value at end of period $1.07 $0.89 $0.64 $1.16 $1.28 Number of accumulation units outstanding at end of period (000 omitted) 2,262 11,746 15,705 6,278 3,387 ------------------------------------------------------------------------------------------------------------ MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.69 $1.31 $1.08 $1.00 Accumulation unit value at end of period $1.39 $1.06 $0.69 $1.31 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 1,265 1,329 1,340 1,013 2,328 ------------------------------------------------------------------------------------------------------------ NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.84 $0.63 $1.19 $1.17 $1.00 Accumulation unit value at end of period $1.01 $0.84 $0.63 $1.19 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 552 15,761 15,089 11,632 3,205 ------------------------------------------------------------------------------------------------------------ NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.72 $1.20 $1.14 $1.00 Accumulation unit value at end of period $1.13 $0.93 $0.72 $1.20 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 209 165 155 142 29 ------------------------------------------------------------------------------------------------------------ OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.99 $0.72 $1.22 $1.16 $1.00 Accumulation unit value at end of period $1.13 $0.99 $0.72 $1.22 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1,898 1,750 1,612 1,649 663 ------------------------------------------------------------------------------------------------------------ OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.15 $0.98 $1.17 $1.08 $1.00 Accumulation unit value at end of period $1.30 $1.15 $0.98 $1.17 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 24,561 104,395 90,372 69,486 12,934 ------------------------------------------------------------------------------------------------------------ OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.65 $1.07 $1.10 $1.00 Accumulation unit value at end of period $1.07 $0.88 $0.65 $1.07 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 1,853 1,891 1,925 2,045 715 ------------------------------------------------------------------------------------------------------------ OPPENHEIMER VALUE FUND/VA, SERVICE SHARES (09/15/2006) Accumulation unit value at beginning of period $0.84 $0.64 $1.11 $1.07 $1.00 Accumulation unit value at end of period $0.95 $0.84 $0.64 $1.11 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 543 623 441 420 98 ------------------------------------------------------------------------------------------------------------ PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.13 $0.95 $1.14 $1.07 $1.00 Accumulation unit value at end of period $1.26 $1.13 $0.95 $1.14 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 6,043 48,834 54,964 38,718 12,825 ------------------------------------------------------------------------------------------------------------ DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.86 $0.71 $1.00 -- -- Accumulation unit value at end of period $0.96 $0.86 $0.71 -- -- Number of accumulation units outstanding at end of period (000 omitted) 424 325 197 -- -- ------------------------------------------------------------------------------------------------------------ DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.97 $0.84 $1.00 -- -- Accumulation unit value at end of period $1.04 $0.97 $0.84 -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,959 1,346 275 -- -- ------------------------------------------------------------------------------------------------------------ DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (05/01/2008) Accumulation unit value at beginning of period $0.90 $0.76 $1.00 -- -- Accumulation unit value at end of period $0.98 $0.90 $0.76 -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,958 868 782 -- -- ------------------------------------------------------------------------------------------------------------ DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.88 $0.73 $1.00 -- -- Accumulation unit value at end of period $0.97 $0.88 $0.73 -- -- Number of accumulation units outstanding at end of period (000 omitted) 429 394 705 -- -- ------------------------------------------------------------------------------------------------------------ DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- Accumulation unit value at end of period $1.01 $0.93 $0.79 -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,567 1,041 264 -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.78 $1.13 $1.13 $1.00 Accumulation unit value at end of period $1.07 $0.96 $0.78 $1.13 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 2,324 2,917 622 930 225 ------------------------------------------------------------------------------------------------------------
82 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $0.99 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 397 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.05 $1.06 $1.05 $1.02 $1.00 Accumulation unit value at end of period $1.04 $1.05 $1.06 $1.05 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 8,312 14,792 30,883 25,294 9,800 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 239 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.14 $1.01 $1.09 $1.05 $1.00 Accumulation unit value at end of period $1.22 $1.14 $1.01 $1.09 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 15,943 167,503 147,502 119,779 26,100 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.71 $1.20 $1.13 $1.00 Accumulation unit value at end of period $1.02 $0.89 $0.71 $1.20 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 9,754 98,890 78,564 42,436 14,023 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.82 $0.67 $1.17 $1.15 $1.00 Accumulation unit value at end of period $0.95 $0.82 $0.67 $1.17 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 256 304 444 536 207 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 119 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.21 $1.10 $1.12 $1.05 $1.00 Accumulation unit value at end of period $1.27 $1.21 $1.10 $1.12 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 6,376 53,805 47,521 39,217 7,409 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.02 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 117 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.14 $1.09 $1.10 $1.03 $1.00 Accumulation unit value at end of period $1.18 $1.14 $1.09 $1.10 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 7,441 79,690 30,533 23,879 9,303 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.08 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 41 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.21 $0.80 $1.08 $1.08 $1.00 Accumulation unit value at end of period $1.36 $1.21 $0.80 $1.08 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 4,147 4,227 2,938 3,520 1,205 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 26 -- -- -- -- ------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 83
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.22 $0.87 $1.08 $1.07 $1.00 Accumulation unit value at end of period $1.36 $1.22 $0.87 $1.08 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 4,656 62,856 31,638 24,436 8,700 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 154 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.04 $0.64 $1.18 $1.05 $1.00 Accumulation unit value at end of period $1.29 $1.04 $0.64 $1.18 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 651 529 153 191 44 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.64 $1.19 $1.09 $1.00 Accumulation unit value at end of period $1.08 $0.90 $0.64 $1.19 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 2,723 6,758 12,410 8,621 6,289 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.73 $1.18 $1.14 $1.00 Accumulation unit value at end of period $1.03 $0.91 $0.73 $1.18 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 1,006 911 1,062 1,259 361 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 66 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.07 $1.03 $1.07 $1.03 $1.00 Accumulation unit value at end of period $1.09 $1.07 $1.03 $1.07 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 6,485 6,519 5,026 2,324 623 ------------------------------------------------------------------------------------------------------------ RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 140 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.63 $1.15 $1.13 $1.00 Accumulation unit value at end of period $0.99 $0.86 $0.63 $1.15 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 442 473 586 868 220 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.68 $1.14 $1.16 $1.00 Accumulation unit value at end of period $1.01 $0.85 $0.68 $1.14 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 384 274 159 73 20 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ------------------------------------------------------------------------------------------------------------
84 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.63 $1.04 $1.10 $1.00 Accumulation unit value at end of period $1.08 $0.87 $0.63 $1.04 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 366 285 123 147 51 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.22 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 111 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.44 $0.84 $1.83 $1.34 $1.00 Accumulation unit value at end of period $1.70 $1.44 $0.84 $1.83 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 3,314 10,719 21,216 9,418 2,130 ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 84 -- -- -- -- ------------------------------------------------------------------------------------------------------------ COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.77 $1.31 $1.17 $1.00 Accumulation unit value at end of period $1.09 $0.97 $0.77 $1.31 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 1,317 1,358 1,342 1,247 266 ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2,155 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 44,198 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.18 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 18 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 24 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 40 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 36 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 9,822 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 111,907 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 53 -- -- -- -- ------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 85
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.69 $1.14 $1.11 $1.00 Accumulation unit value at end of period $0.99 $0.90 $0.69 $1.14 $1.11 Number of accumulation units outstanding at end of period (000 omitted) 1,523 76,995 42,822 24,777 8,957 ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 55 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 6 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.72 $1.15 $1.10 $1.00 Accumulation unit value at end of period $1.17 $0.97 $0.72 $1.15 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 165 158 145 181 32 ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 42 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 41 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.24 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 14 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.15 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 39,307 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 551,507 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 20,188 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 191,048 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 16,388 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 234,736 -- -- -- -- ------------------------------------------------------------------------------------------------------------
86 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.30% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 56 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 2 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 51 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 4 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.71 $1.05 $1.12 $1.00 Accumulation unit value at end of period $1.18 $0.96 $0.71 $1.05 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 1,348 44,669 40,609 26,141 2,786 ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 13 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- ------------------------------------------------------------------------------------------------------------ VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 41 -- -- -- -- ------------------------------------------------------------------------------------------------------------ WANGER INTERNATIONAL (06/26/2006) Accumulation unit value at beginning of period $1.13 $0.76 $1.42 $1.24 $1.00 Accumulation unit value at end of period $1.39 $1.13 $0.76 $1.42 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 4,286 22,622 16,160 9,249 3,490 ------------------------------------------------------------------------------------------------------------ WANGER USA (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.67 $1.12 $1.08 $1.00 Accumulation unit value at end of period $1.14 $0.94 $0.67 $1.12 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 3,589 18,458 16,958 11,392 1,995 ------------------------------------------------------------------------------------------------------------ WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.79 $1.19 $1.12 $1.00 Accumulation unit value at end of period $1.21 $1.06 $0.79 $1.19 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 1,335 1,233 634 277 35 ------------------------------------------------------------------------------------------------------------ WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.76 $1.33 $1.17 $1.00 Accumulation unit value at end of period $1.00 $0.87 $0.76 $1.33 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 1,555 42,775 1,018 830 382 ------------------------------------------------------------------------------------------------------------ WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.01 $0.69 $1.17 $1.11 $1.00 Accumulation unit value at end of period $1.23 $1.01 $0.69 $1.17 $1.11 Number of accumulation units outstanding at end of period (000 omitted) 354 325 296 211 37 ------------------------------------------------------------------------------------------------------------ WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.12 $0.74 $1.28 $1.14 $1.00 Accumulation unit value at end of period $1.40 $1.12 $0.74 $1.28 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 1,248 1,279 1,063 968 178 ------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 87
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 127 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.97 Number of accumulation units outstanding at end of period (000 omitted) 122 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 5 ------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 51 ------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) 58 ------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.30 Number of accumulation units outstanding at end of period (000 omitted) 20 ------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.12 Number of accumulation units outstanding at end of period (000 omitted) 15 ------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 11 ------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 21 ------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) 5 ------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 166 ------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 18 ------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) 194 -------------------------------------------------------------------------------------------
88 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 465 ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) 74 ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) 60 ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.09 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.99 Number of accumulation units outstanding at end of period (000 omitted) 340 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.02 Number of accumulation units outstanding at end of period (000 omitted) 306 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 38 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 13 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 97 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.02 Number of accumulation units outstanding at end of period (000 omitted) 187 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 121 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 59 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) 27 -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 89
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) 6 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) 66 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 147 ------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 111 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 38 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) 3 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 33 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 10 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 302 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) 31 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 54 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 7 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 28 -------------------------------------------------------------------------------------------
90 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) 8 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.05 Number of accumulation units outstanding at end of period (000 omitted) 3,209 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 3 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 100 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 8 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 52 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 30 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 12 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) 11 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) 10 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) 8,015 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) 1,891 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 4,109 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 49 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 3 -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 91
VARIABLE ACCOUNT CHARGES OF 1.35% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 6 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) 1 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 21 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 4 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 38 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 11 ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.28 Number of accumulation units outstanding at end of period (000 omitted) 6 -------------------------------------------------------------------------------------------
92 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.40% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.97 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 34 ------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 80 ------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) 15 ------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.30 Number of accumulation units outstanding at end of period (000 omitted) 9 ------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.12 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 9 ------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) 10 ------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 1 ------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) -- -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 93
VARIABLE ACCOUNT CHARGES OF 1.40% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 269 ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) 5 ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.09 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.99 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) 7 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 17 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.02 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 6 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- -------------------------------------------------------------------------------------------
94 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.40% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 6 ------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 18 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 13 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 65 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 1 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 387 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 11 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 54 -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 95
VARIABLE ACCOUNT CHARGES OF 1.40% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) 40 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.05 Number of accumulation units outstanding at end of period (000 omitted) 673 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 20 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 5 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) 6,259 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) 3,622 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 2,470 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 10 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 9 -------------------------------------------------------------------------------------------
96 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.40% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 9 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 11 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.28 Number of accumulation units outstanding at end of period (000 omitted) -- -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 97
VARIABLE ACCOUNT CHARGES OF 1.45% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GLOBAL THEMATIC GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.70 $1.36 $1.15 $1.00 Accumulation unit value at end of period $1.24 $1.06 $0.70 $1.36 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 117 215 114 83 43 ---------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS GROWTH AND INCOME PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.84 $0.71 $1.21 $1.17 $1.00 Accumulation unit value at end of period $0.93 $0.84 $0.71 $1.21 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 138 212 193 302 65 ---------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS INTERNATIONAL VALUE PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.79 $0.59 $1.29 $1.24 $1.00 Accumulation unit value at end of period $0.81 $0.79 $0.59 $1.29 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 1,489 2,691 7,868 5,603 1,561 ---------------------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.73 $1.22 $1.09 $1.00 Accumulation unit value at end of period $1.06 $0.98 $0.73 $1.22 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 21 25 50 38 4 ---------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP MID CAP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.83 $1.11 $1.16 $1.00 Accumulation unit value at end of period $1.24 $1.06 $0.83 $1.11 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 358 730 2,024 2,413 40 ---------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP ULTRA(R), CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.71 $1.24 $1.04 $1.00 Accumulation unit value at end of period $1.08 $0.94 $0.71 $1.24 $1.04 Number of accumulation units outstanding at end of period (000 omitted) 181 47 127 152 530 ---------------------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (06/26/2006) Accumulation unit value at beginning of period $0.92 $0.78 $1.08 $1.16 $1.00 Accumulation unit value at end of period $1.03 $0.92 $0.78 $1.08 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1,001 881 939 802 213 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.80 $1.08 $1.08 $1.00 Accumulation unit value at end of period $1.26 $1.14 $0.80 $1.08 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 1,127 1,227 1,097 885 286 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO GROWTH FUND, CLASS 1 (06/26/2006) Accumulation unit value at beginning of period $0.94 $0.75 $1.26 $1.09 $1.00 Accumulation unit value at end of period $1.13 $0.94 $0.75 $1.26 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 1,476 9,757 8,302 5,811 1,493 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.72 $1.42 $1.20 $1.00 Accumulation unit value at end of period $1.10 $0.98 $0.72 $1.42 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 496 668 887 819 748 ---------------------------------------------------------------------------------------------------------- CREDIT SUISSE TRUST - COMMODITY RETURN STRATEGY PORTFOLIO (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.77 $1.17 $1.01 $1.00 Accumulation unit value at end of period $1.04 $0.90 $0.77 $1.17 $1.01 Number of accumulation units outstanding at end of period (000 omitted) 1,182 1,097 883 655 700 ---------------------------------------------------------------------------------------------------------- DREYFUS VARIABLE INVESTMENT FUND INTERNATIONAL EQUITY PORTFOLIO, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.77 $1.36 $1.18 $1.00 Accumulation unit value at end of period $1.03 $0.95 $0.77 $1.36 $1.18 Number of accumulation units outstanding at end of period (000 omitted) 444 454 317 164 35 ---------------------------------------------------------------------------------------------------------- EATON VANCE VT FLOATING-RATE INCOME FUND (06/26/2006) Accumulation unit value at beginning of period $1.05 $0.74 $1.03 $1.02 $1.00 Accumulation unit value at end of period $1.13 $1.05 $0.74 $1.03 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 4,453 8,753 8,356 9,232 4,655 ---------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.71 $1.27 $1.09 $1.00 Accumulation unit value at end of period $1.10 $0.95 $0.71 $1.27 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 3,123 4,857 9,818 8,451 3,216 ---------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.01 $0.74 $1.24 $1.09 $1.00 Accumulation unit value at end of period $1.29 $1.01 $0.74 $1.24 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 1,724 3,813 6,011 4,186 1,152 ----------------------------------------------------------------------------------------------------------
98 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.45% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP OVERSEAS PORTFOLIO SERVICE CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.92 $0.74 $1.34 $1.16 $1.00 Accumulation unit value at end of period $1.02 $0.92 $0.74 $1.34 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 655 683 624 609 234 ---------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.62 $0.53 $0.94 $1.20 $1.00 Accumulation unit value at end of period $0.74 $0.62 $0.53 $0.94 $1.20 Number of accumulation units outstanding at end of period (000 omitted) 588 593 433 489 414 ---------------------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.69 $1.05 $1.09 $1.00 Accumulation unit value at end of period $1.12 $0.88 $0.69 $1.05 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 700 717 685 602 232 ---------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.90 $0.72 $1.17 $1.15 $1.00 Accumulation unit value at end of period $0.99 $0.90 $0.72 $1.17 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 1,148 1,338 1,691 1,979 485 ---------------------------------------------------------------------------------------------------------- GOLDMAN SACHS VIT STRUCTURED U.S. EQUITY FUND - INSTITUTIONAL SHARES (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.68 $1.09 $1.13 $1.00 Accumulation unit value at end of period $0.90 $0.81 $0.68 $1.09 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 356 224 335 494 196 ---------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL APPRECIATION FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.80 $0.68 $1.19 $1.08 $1.00 Accumulation unit value at end of period $0.91 $0.80 $0.68 $1.19 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 117 143 188 124 96 ---------------------------------------------------------------------------------------------------------- INVESCO V.I. CAPITAL DEVELOPMENT FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.62 $1.20 $1.10 $1.00 Accumulation unit value at end of period $1.02 $0.87 $0.62 $1.20 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 80 79 95 149 13 ---------------------------------------------------------------------------------------------------------- INVESCO V.I. FINANCIAL SERVICES FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.45 $0.36 $0.89 $1.17 $1.00 Accumulation unit value at end of period $0.48 $0.45 $0.36 $0.89 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 405 542 603 286 114 ---------------------------------------------------------------------------------------------------------- INVESCO V.I. GLOBAL HEALTH CARE FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.05 $0.83 $1.19 $1.08 $1.00 Accumulation unit value at end of period $1.08 $1.05 $0.83 $1.19 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 120 166 138 69 222 ---------------------------------------------------------------------------------------------------------- INVESCO V.I. INTERNATIONAL GROWTH FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.08 $0.81 $1.39 $1.23 $1.00 Accumulation unit value at end of period $1.20 $1.08 $0.81 $1.39 $1.23 Number of accumulation units outstanding at end of period (000 omitted) 390 3,323 3,345 1,942 14 ---------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN V.I. COMSTOCK FUND, SERIES II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.69 $1.09 $1.13 $1.00 Accumulation unit value at end of period $0.99 $0.87 $0.69 $1.09 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 909 3,610 5,243 4,556 1,999 ---------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (05/01/2007) Accumulation unit value at beginning of period $0.84 $0.63 $1.06 $1.00 -- Accumulation unit value at end of period $0.94 $0.84 $0.63 $1.06 -- Number of accumulation units outstanding at end of period (000 omitted) 593 9,009 7,617 5,761 -- ---------------------------------------------------------------------------------------------------------- LEGG MASON CLEARBRIDGE VARIABLE SMALL CAP GROWTH PORTFOLIO, CLASS I (04/27/2007) Accumulation unit value at beginning of period $0.83 $0.59 $1.01 $1.00 -- Accumulation unit value at end of period $1.03 $0.83 $0.59 $1.01 -- Number of accumulation units outstanding at end of period (000 omitted) 205 205 103 33 -- ---------------------------------------------------------------------------------------------------------- MFS(R) INVESTORS GROWTH STOCK SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.02 $0.74 $1.20 $1.10 $1.00 Accumulation unit value at end of period $1.13 $1.02 $0.74 $1.20 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 230 223 224 122 57 ---------------------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.25 $0.95 $1.56 $1.24 $1.00 Accumulation unit value at end of period $1.40 $1.25 $0.95 $1.56 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 901 892 1,003 1,091 467 ----------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 99
VARIABLE ACCOUNT CHARGES OF 1.45% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF GLOBAL REAL ESTATE PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.63 $1.16 $1.28 $1.00 Accumulation unit value at end of period $1.07 $0.88 $0.63 $1.16 $1.28 Number of accumulation units outstanding at end of period (000 omitted) 429 1,188 2,112 1,085 624 ---------------------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (06/26/2006) Accumulation unit value at beginning of period $1.06 $0.68 $1.30 $1.08 $1.00 Accumulation unit value at end of period $1.38 $1.06 $0.68 $1.30 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 159 215 268 387 397 ---------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST INTERNATIONAL PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.83 $0.63 $1.19 $1.17 $1.00 Accumulation unit value at end of period $1.00 $0.83 $0.63 $1.19 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 100 1,600 1,895 2,072 680 ---------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.72 $1.20 $1.14 $1.00 Accumulation unit value at end of period $1.12 $0.93 $0.72 $1.20 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 32 59 84 42 5 ---------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.98 $0.72 $1.22 $1.16 $1.00 Accumulation unit value at end of period $1.12 $0.98 $0.72 $1.22 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 662 679 693 779 266 ---------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $1.14 $0.98 $1.16 $1.08 $1.00 Accumulation unit value at end of period $1.29 $1.14 $0.98 $1.16 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 8,228 20,034 21,803 18,995 3,974 ---------------------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.65 $1.07 $1.10 $1.00 Accumulation unit value at end of period $1.07 $0.88 $0.65 $1.07 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 320 266 350 487 231 ---------------------------------------------------------------------------------------------------------- OPPENHEIMER VALUE FUND/VA, SERVICE SHARES (09/15/2006) Accumulation unit value at beginning of period $0.84 $0.64 $1.11 $1.07 $1.00 Accumulation unit value at end of period $0.95 $0.84 $0.64 $1.11 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 379 403 323 375 6 ---------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (06/26/2006) Accumulation unit value at beginning of period $1.13 $0.94 $1.14 $1.07 $1.00 Accumulation unit value at end of period $1.26 $1.13 $0.94 $1.14 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 2,685 7,054 9,430 7,577 2,481 ---------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.86 $0.71 $1.00 -- -- Accumulation unit value at end of period $0.96 $0.86 $0.71 -- -- Number of accumulation units outstanding at end of period (000 omitted) 31 13 11 -- -- ---------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.96 $0.84 $1.00 -- -- Accumulation unit value at end of period $1.03 $0.96 $0.84 -- -- Number of accumulation units outstanding at end of period (000 omitted) 707 375 253 -- -- ---------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (05/01/2008) Accumulation unit value at beginning of period $0.90 $0.76 $1.00 -- -- Accumulation unit value at end of period $0.98 $0.90 $0.76 -- -- Number of accumulation units outstanding at end of period (000 omitted) 755 581 656 -- -- ---------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (05/01/2008) Accumulation unit value at beginning of period $0.88 $0.73 $1.00 -- -- Accumulation unit value at end of period $0.97 $0.88 $0.73 -- -- Number of accumulation units outstanding at end of period (000 omitted) 128 169 44 -- -- ---------------------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (05/01/2008) Accumulation unit value at beginning of period $0.93 $0.79 $1.00 -- -- Accumulation unit value at end of period $1.00 $0.93 $0.79 -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,068 637 421 -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.78 $1.13 $1.13 $1.00 Accumulation unit value at end of period $1.06 $0.95 $0.78 $1.13 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 809 907 375 619 350 ----------------------------------------------------------------------------------------------------------
100 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.45% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $0.99 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.04 $1.06 $1.05 $1.02 $1.00 Accumulation unit value at end of period $1.03 $1.04 $1.06 $1.05 $1.02 Number of accumulation units outstanding at end of period (000 omitted) 5,325 11,291 21,135 15,777 7,385 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 30 -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.13 $1.00 $1.09 $1.05 $1.00 Accumulation unit value at end of period $1.21 $1.13 $1.00 $1.09 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 7,525 31,929 31,170 28,774 5,708 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 31 -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.88 $0.70 $1.20 $1.12 $1.00 Accumulation unit value at end of period $1.02 $0.88 $0.70 $1.20 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 2,845 12,785 12,673 9,098 3,489 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.81 $0.67 $1.17 $1.15 $1.00 Accumulation unit value at end of period $0.94 $0.81 $0.67 $1.17 $1.15 Number of accumulation units outstanding at end of period (000 omitted) 68 89 86 136 38 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 23 -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.20 $1.09 $1.11 $1.05 $1.00 Accumulation unit value at end of period $1.26 $1.20 $1.09 $1.11 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 2,598 9,993 9,621 9,331 1,982 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 34 -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.14 $1.08 $1.10 $1.03 $1.00 Accumulation unit value at end of period $1.17 $1.14 $1.08 $1.10 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 2,975 13,553 7,067 5,715 2,119 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.08 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 52 -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.21 $0.80 $1.08 $1.07 $1.00 Accumulation unit value at end of period $1.35 $1.21 $0.80 $1.08 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 1,702 1,816 1,461 1,856 514 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 29 -- -- -- -- ----------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 101
VARIABLE ACCOUNT CHARGES OF 1.45% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.21 $0.86 $1.08 $1.07 $1.00 Accumulation unit value at end of period $1.35 $1.21 $0.86 $1.08 $1.07 Number of accumulation units outstanding at end of period (000 omitted) 1,525 8,735 4,855 4,738 1,866 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.01 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 30 -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.03 $0.64 $1.18 $1.05 $1.00 Accumulation unit value at end of period $1.28 $1.03 $0.64 $1.18 $1.05 Number of accumulation units outstanding at end of period (000 omitted) 156 178 81 89 16 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.26 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 13 -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.64 $1.19 $1.09 $1.00 Accumulation unit value at end of period $1.08 $0.89 $0.64 $1.19 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 538 929 1,749 1,681 1,085 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.91 $0.73 $1.18 $1.14 $1.00 Accumulation unit value at end of period $1.03 $0.91 $0.73 $1.18 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 470 728 476 499 10 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 144 -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.07 $1.02 $1.07 $1.03 $1.00 Accumulation unit value at end of period $1.08 $1.07 $1.02 $1.07 $1.03 Number of accumulation units outstanding at end of period (000 omitted) 4,382 4,922 2,703 1,689 130 ---------------------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 32 -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.85 $0.63 $1.15 $1.13 $1.00 Accumulation unit value at end of period $0.98 $0.85 $0.63 $1.15 $1.13 Number of accumulation units outstanding at end of period (000 omitted) 196 245 206 237 69 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.20 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 14 -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.84 $0.68 $1.14 $1.16 $1.00 Accumulation unit value at end of period $1.00 $0.84 $0.68 $1.14 $1.16 Number of accumulation units outstanding at end of period (000 omitted) 53 17 23 41 15 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.27 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ----------------------------------------------------------------------------------------------------------
102 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.45% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.86 $0.63 $1.03 $1.09 $1.00 Accumulation unit value at end of period $1.08 $0.86 $0.63 $1.03 $1.09 Number of accumulation units outstanding at end of period (000 omitted) 70 90 22 19 5 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.22 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 53 -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $1.43 $0.83 $1.82 $1.34 $1.00 Accumulation unit value at end of period $1.69 $1.43 $0.83 $1.82 $1.34 Number of accumulation units outstanding at end of period (000 omitted) 760 1,330 2,601 1,669 340 ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12 -- -- -- -- ---------------------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.96 $0.77 $1.30 $1.17 $1.00 Accumulation unit value at end of period $1.08 $0.96 $0.77 $1.30 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 219 250 182 260 100 ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 476 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.12 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1,928 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.18 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.21 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 59 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 56 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 3,775 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 40,233 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 13 -- -- -- -- ----------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 103
VARIABLE ACCOUNT CHARGES OF 1.45% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.89 $0.69 $1.14 $1.11 $1.00 Accumulation unit value at end of period $0.98 $0.89 $0.69 $1.14 $1.11 Number of accumulation units outstanding at end of period (000 omitted) 367 7,956 5,981 4,256 1,499 ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.04 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 94 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 22 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.97 $0.72 $1.15 $1.10 $1.00 Accumulation unit value at end of period $1.16 $0.97 $0.72 $1.15 $1.10 Number of accumulation units outstanding at end of period (000 omitted) 206 151 119 35 6 ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.16 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 34 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 51 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.24 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.15 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 23,094 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.09 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 41,323 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 7,132 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.11 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 12,286 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 8,769 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 4) (05/07/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.07 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 42,735 -- -- -- -- ----------------------------------------------------------------------------------------------------------
104 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.45% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 2009 2008 2007 2006 ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.19 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 51 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.29 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.23 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 1 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 3) (06/26/2006) Accumulation unit value at beginning of period $0.95 $0.71 $1.05 $1.12 $1.00 Accumulation unit value at end of period $1.17 $0.95 $0.71 $1.05 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 368 4,518 5,050 4,362 417 ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 13 -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.17 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) -- -- -- -- -- ---------------------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 -- -- -- -- Accumulation unit value at end of period $1.00 -- -- -- -- Number of accumulation units outstanding at end of period (000 omitted) 25 -- -- -- -- ---------------------------------------------------------------------------------------------------------- WANGER INTERNATIONAL (06/26/2006) Accumulation unit value at beginning of period $1.12 $0.76 $1.42 $1.24 $1.00 Accumulation unit value at end of period $1.38 $1.12 $0.76 $1.42 $1.24 Number of accumulation units outstanding at end of period (000 omitted) 910 2,622 2,386 1,978 779 ---------------------------------------------------------------------------------------------------------- WANGER USA (06/26/2006) Accumulation unit value at beginning of period $0.93 $0.67 $1.12 $1.08 $1.00 Accumulation unit value at end of period $1.13 $0.93 $0.67 $1.12 $1.08 Number of accumulation units outstanding at end of period (000 omitted) 744 2,189 2,340 2,054 422 ---------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.05 $0.79 $1.19 $1.12 $1.00 Accumulation unit value at end of period $1.20 $1.05 $0.79 $1.19 $1.12 Number of accumulation units outstanding at end of period (000 omitted) 369 410 208 34 32 ---------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT INTERNATIONAL EQUITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $0.87 $0.76 $1.32 $1.17 $1.00 Accumulation unit value at end of period $1.00 $0.87 $0.76 $1.32 $1.17 Number of accumulation units outstanding at end of period (000 omitted) 341 5,717 194 198 79 ---------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.00 $0.69 $1.17 $1.11 $1.00 Accumulation unit value at end of period $1.23 $1.00 $0.69 $1.17 $1.11 Number of accumulation units outstanding at end of period (000 omitted) 70 55 67 86 9 ---------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (06/26/2006) Accumulation unit value at beginning of period $1.11 $0.74 $1.28 $1.14 $1.00 Accumulation unit value at end of period $1.39 $1.11 $0.74 $1.28 $1.14 Number of accumulation units outstanding at end of period (000 omitted) 388 377 334 363 74 ----------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 105
VARIABLE ACCOUNT CHARGES OF 1.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 11 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.97 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 8 ------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 20 ------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) 29 ------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.30 Number of accumulation units outstanding at end of period (000 omitted) 5 ------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.12 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) 10 ------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) 21 ------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 8 ------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) 41 -------------------------------------------------------------------------------------------
106 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.09 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.99 Number of accumulation units outstanding at end of period (000 omitted) 37 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) 36 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 14 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 4 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) 9 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 7 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 18 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 107
VARIABLE ACCOUNT CHARGES OF 1.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) 7 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 1 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 53 ------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 35 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 13 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 332 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 20 -------------------------------------------------------------------------------------------
108 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) 11 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.05 Number of accumulation units outstanding at end of period (000 omitted) 2,009 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 44 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 7 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 18 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 31 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) 15 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) 4,361 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) 389 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 4,658 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 3 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 109
VARIABLE ACCOUNT CHARGES OF 1.55% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 10 ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.28 Number of accumulation units outstanding at end of period (000 omitted) 5 -------------------------------------------------------------------------------------------
110 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.60% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.97 Number of accumulation units outstanding at end of period (000 omitted) 5 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 13 ------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) 7 ------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.30 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.12 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) 4 -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 111
VARIABLE ACCOUNT CHARGES OF 1.60% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.09 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.99 Number of accumulation units outstanding at end of period (000 omitted) 31 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) 18 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) 15 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 15 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) 15 -------------------------------------------------------------------------------------------
112 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.60% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 18 ------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 13 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 1 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 1 -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 113
VARIABLE ACCOUNT CHARGES OF 1.60% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.05 Number of accumulation units outstanding at end of period (000 omitted) 950 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 4 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) 2,802 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) 910 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 999 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 1 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- -------------------------------------------------------------------------------------------
114 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.60% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 4 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) 4 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.28 Number of accumulation units outstanding at end of period (000 omitted) 1 -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 115
VARIABLE ACCOUNT CHARGES OF 1.65% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.97 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 1 ------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.30 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.12 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) 47 -------------------------------------------------------------------------------------------
116 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.65% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.09 Number of accumulation units outstanding at end of period (000 omitted) 33 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.99 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 93 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 117
VARIABLE ACCOUNT CHARGES OF 1.65% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) 1 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 4 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 234 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) 1 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 3 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- -------------------------------------------------------------------------------------------
118 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.65% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.05 Number of accumulation units outstanding at end of period (000 omitted) 306 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 95 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 1 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) 1 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.10 Number of accumulation units outstanding at end of period (000 omitted) 10,038 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) 1,963 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 1,757 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 22 -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 119
VARIABLE ACCOUNT CHARGES OF 1.65% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.28 Number of accumulation units outstanding at end of period (000 omitted) -- -------------------------------------------------------------------------------------------
120 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.70% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.97 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 47 ------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) 32 ------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.30 Number of accumulation units outstanding at end of period (000 omitted) 19 ------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.12 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 20 ------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) 23 ------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) 32 ------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) 35 -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 121
VARIABLE ACCOUNT CHARGES OF 1.70% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) 44 ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.09 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.99 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) 54 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 20 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 35 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) 36 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 5 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 35 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) 72 -------------------------------------------------------------------------------------------
122 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.70% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 211 ------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 14 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 20 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 51 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 50 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 8 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 27 -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 123
VARIABLE ACCOUNT CHARGES OF 1.70% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.05 Number of accumulation units outstanding at end of period (000 omitted) 1,365 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 7 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 3 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 1 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.10 Number of accumulation units outstanding at end of period (000 omitted) 657 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 1,016 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) 31 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- -------------------------------------------------------------------------------------------
124 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.70% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 32 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 18 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) 25 ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 32 ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) 32 -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 125
VARIABLE ACCOUNT CHARGES OF 1.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.97 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.30 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.12 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
126 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.09 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.99 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 127
VARIABLE ACCOUNT CHARGES OF 1.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
128 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.05 Number of accumulation units outstanding at end of period (000 omitted) 139 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.10 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) 32 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 129
VARIABLE ACCOUNT CHARGES OF 1.75% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ----------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- -----------------------------------------------------------------------------------------
130 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.80% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VPS LARGE CAP GROWTH PORTFOLIO (CLASS B) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- AMERICAN CENTURY VP VALUE, CLASS II (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH INCOME FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.97 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MARSICO INTERNATIONAL OPPORTUNITIES FUND, CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) 8 ------------------------------------------------------------------------------------------- FIDELITY(R) VIP MID CAP PORTFOLIO SERVICE CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.24 Number of accumulation units outstanding at end of period (000 omitted) 4 ------------------------------------------------------------------------------------------- FTVIPT FRANKLIN SMALL CAP VALUE SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.30 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SECURITIES FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.12 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- JANUS ASPEN SERIES JANUS PORTFOLIO: SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- MFS(R) UTILITIES SERIES - SERVICE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- MORGAN STANLEY UIF MID CAP GROWTH PORTFOLIO, CLASS II SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST SOCIALLY RESPONSIVE PORTFOLIO (CLASS S) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL SECURITIES FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- OPPENHEIMER MAIN STREET SMALL- & MID-CAP FUND/VA, SERVICE SHARES (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET PORTFOLIO, ADVISOR SHARE CLASS (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) -- -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 131
VARIABLE ACCOUNT CHARGES OF 1.80% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.06 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.11 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY AGGRESSIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- DISCIPLINED ASSET ALLOCATION PORTFOLIOS - MODERATELY CONSERVATIVE (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.09 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - BALANCED FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.14 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - CASH MANAGEMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $0.99 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DIVERSIFIED EQUITY INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - DYNAMIC EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 3 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - GLOBAL INFLATION PROTECTED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - HIGH YIELD BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.08 Number of accumulation units outstanding at end of period (000 omitted) 3 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INCOME OPPORTUNITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LIMITED DURATION CREDIT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.01 Number of accumulation units outstanding at end of period (000 omitted) -- -------------------------------------------------------------------------------------------
132 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.80% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP GROWTH OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - MID CAP VALUE OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.26 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - S&P 500 INDEX FUND (CLASS 3) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SHORT DURATION U.S. GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- RIVERSOURCE VARIABLE PORTFOLIO - STRATEGIC INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT LARGE-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - SELECT SMALLER-CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - EMERGING MARKETS OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- COLUMBIA VARIABLE PORTFOLIO - INTERNATIONAL OPPORTUNITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.18 Number of accumulation units outstanding at end of period (000 omitted) 3 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY DIVERSIFIED BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 5 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - AMERICAN CENTURY GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.21 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER INTERNATIONAL EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.20 Number of accumulation units outstanding at end of period (000 omitted) -- -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 133
VARIABLE ACCOUNT CHARGES OF 1.80% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - COLUMBIA WANGER U.S. EQUITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.05 Number of accumulation units outstanding at end of period (000 omitted) 116 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - DAVIS NEW YORK VENTURE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - EATON VANCE FLOATING-RATE INCOME FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.04 Number of accumulation units outstanding at end of period (000 omitted) 4 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - GOLDMAN SACHS MID CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - INVESCO INTERNATIONAL GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.16 Number of accumulation units outstanding at end of period (000 omitted) 3 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - J.P. MORGAN CORE BOND FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 5 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - JENNISON MID CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MARSICO GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MFS VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.15 Number of accumulation units outstanding at end of period (000 omitted) 8 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.10 Number of accumulation units outstanding at end of period (000 omitted) 163 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY AGGRESSIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.13 Number of accumulation units outstanding at end of period (000 omitted) 102 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MODERATELY CONSERVATIVE PORTFOLIO (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.07 Number of accumulation units outstanding at end of period (000 omitted) 198 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - MORGAN STANLEY GLOBAL REAL ESTATE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.19 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NFJ DIVIDEND VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- -------------------------------------------------------------------------------------------
134 RIVERSOURCE VARIABLE ACCOUNT 10
VARIABLE ACCOUNT CHARGES OF 1.80% OF THE DAILY NET ASSETS OF THE VARIABLE ACCOUNT. (CONTINUED) YEAR ENDED DEC. 31, 2010 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - NUVEEN WINSLOW LARGE CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP GROWTH FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.29 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PARTNERS SMALL CAP VALUE FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) 2 ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PIMCO MORTGAGE-BACKED SECURITIES FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - PYRAMIS(R) INTERNATIONAL EQUITY FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.17 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- VARIABLE PORTFOLIO - WELLS FARGO SHORT DURATION GOVERNMENT FUND (CLASS 2) (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.00 Number of accumulation units outstanding at end of period (000 omitted) 3 ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT CORE EQUITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.22 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT OPPORTUNITY FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.23 Number of accumulation units outstanding at end of period (000 omitted) -- ------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH FUND - CLASS 2 (07/19/2010) Accumulation unit value at beginning of period $1.00 Accumulation unit value at end of period $1.27 Number of accumulation units outstanding at end of period (000 omitted) -- -------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 135 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM THE BOARD OF DIRECTORS RIVERSOURCE LIFE INSURANCE COMPANY We have audited the accompanying individual statements of assets and liabilities of the divisions of RiverSource Variable Account 10 (the Account) sponsored by RiverSource Life Insurance Company, referred to in Note 1, as of December 31, 2010, and the related statements of operations and changes in net assets for the periods disclosed in the financial statements. These financial statements are the responsibility of the management of RiverSource Life Insurance Company. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform audits of the Account's internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Account's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of December 31, 2010 by correspondence with the affiliated and unaffiliated mutual fund managers. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the individual financial position of the divisions of RiverSource Variable Account 10, referred to in Note 1, at December 31, 2010, and the individual results of their operations and the changes in their net assets for the periods described above, in conformity with U.S. generally accepted accounting principles. (-s- ERNST & YOUNG LLP) Minneapolis, Minnesota April 22, 2011 136 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF ASSETS AND LIABILITIES
AB VPS AB VPS AB VPS AB VPS AC VP GLOBAL THEMATIC GRO & INC, INTL VAL, LG CAP GRO, INTL, DEC. 31, 2010 GRO, CL B CL B CL B CL B CL I ASSETS Investments, at fair value(1),(2) $17,719,944 $116,597,101 $369,702,423 $ 3,679,196 $ 23,954,472 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments -- 2,633 67,003 3,195 -- Receivable for share redemptions 48,512 150,203 403,853 4,159 76,095 ------------------------------------------------------------------------------------------------------------------------ Total assets 17,768,456 116,749,937 370,173,279 3,686,550 24,030,567 ------------------------------------------------------------------------------------------------------------------------ LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 13,677 85,638 275,998 3,034 17,457 Contract terminations 34,835 64,565 127,855 1,124 58,638 Payable for investments purchased -- 2,633 67,003 3,195 -- ------------------------------------------------------------------------------------------------------------------------ Total liabilities 48,512 152,836 470,856 7,353 76,095 ------------------------------------------------------------------------------------------------------------------------ Net assets applicable to contracts in accumulation period 17,683,065 116,468,528 369,138,425 3,678,161 23,905,096 Net assets applicable to contracts in payment period 36,879 128,573 563,998 -- 49,376 Net assets applicable to seed money -- -- -- 1,036 -- ------------------------------------------------------------------------------------------------------------------------ Total net assets $17,719,944 $116,597,101 $369,702,423 $ 3,679,197 $ 23,954,472 ------------------------------------------------------------------------------------------------------------------------ (1) Investment shares 933,120 6,854,621 25,030,631 135,864 2,798,420 (2) Investments, at cost $14,529,626 $142,492,935 $410,298,455 $ 3,335,114 $ 24,355,265 ------------------------------------------------------------------------------------------------------------------------ AC VP AC VP AC VP AC VP AC VP INTL, MID CAP VAL, ULTRA, VAL, VAL, DEC. 31, 2010 (CONTINUED) CL II CL II CL II CL I CL II ASSETS Investments, at fair value(1),(2) $56,423,166 $ 44,144,667 $ 28,286,576 $61,755,883 $206,513,915 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 23,312 47,061 351 21,253 26,564 Receivable for share redemptions 41,554 45,506 69,279 48,802 179,160 ------------------------------------------------------------------------------------------------------------------------ Total assets 56,488,032 44,237,234 28,356,206 61,825,938 206,719,639 ------------------------------------------------------------------------------------------------------------------------ LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 41,077 34,341 21,439 44,326 154,334 Contract terminations 477 11,165 47,839 4,476 24,826 Payable for investments purchased 23,312 47,061 351 21,253 26,564 ------------------------------------------------------------------------------------------------------------------------ Total liabilities 64,866 92,567 69,629 70,055 205,724 ------------------------------------------------------------------------------------------------------------------------ Net assets applicable to contracts in accumulation period 56,264,509 44,067,641 28,276,777 61,371,550 206,216,367 Net assets applicable to contracts in payment period 158,657 77,026 9,800 384,333 296,960 Net assets applicable to seed money -- -- -- -- 588 ------------------------------------------------------------------------------------------------------------------------ Total net assets $56,423,166 $ 44,144,667 $ 28,286,577 $61,755,883 $206,513,915 ------------------------------------------------------------------------------------------------------------------------ (1) Investment shares 6,599,201 3,121,971 3,048,123 10,538,547 35,241,282 (2) Investments, at cost $47,727,266 $ 39,000,615 $ 27,878,158 $70,285,272 $241,683,247 ------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 137 STATEMENTS OF ASSETS AND LIABILITIES
CALVERT COL VP COL VP COL VP CS VP HI INC, MARSICO GRO, MARSICO INTL COMMODITY DEC. 31, 2010 (CONTINUED) SRI BAL CL 2 CL 1 OPP, CL 2 RETURN ASSETS Investments, at fair value(1),(2) $26,851,188 $95,075,634 $233,638,317 $ 73,764,037 $101,183,490 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 129 32,655 7,378 14,556 5,477 Receivable for share redemptions 26,651 75,839 389,426 103,668 172,599 ------------------------------------------------------------------------------------------------------------------------ Total assets 26,877,968 95,184,128 234,035,121 73,882,261 101,361,566 ------------------------------------------------------------------------------------------------------------------------ LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 19,385 74,385 176,707 56,898 77,111 Contract terminations 7,265 1,455 212,719 46,771 95,488 Payable for investments purchased 129 32,655 7,378 14,556 5,477 ------------------------------------------------------------------------------------------------------------------------ Total liabilities 26,779 108,495 396,804 118,225 178,076 ------------------------------------------------------------------------------------------------------------------------ Net assets applicable to contracts in accumulation period 26,772,717 94,968,012 233,238,115 73,522,911 100,945,770 Net assets applicable to contracts in payment period 78,472 106,995 400,202 240,429 237,720 Net assets applicable to seed money -- 626 -- 696 -- ------------------------------------------------------------------------------------------------------------------------ Total net assets $26,851,189 $95,075,633 $233,638,317 $ 73,764,036 $101,183,490 ------------------------------------------------------------------------------------------------------------------------ (1) Investment shares 15,841,409 9,469,685 11,380,337 4,616,022 12,045,654 (2) Investments, at cost $28,030,828 $97,171,398 $198,709,241 $ 88,567,321 $116,503,811 ------------------------------------------------------------------------------------------------------------------------ CS DREY VIF EV VT FID VIP FID VIP U.S. EQ INTL EQ, FLOATING-RATE CONTRAFUND, GRO & INC, DEC. 31, 2010 (CONTINUED) FLEX I SERV INC SERV CL 2 SERV CL ASSETS Investments, at fair value(1),(2) $57,854,591 $ 7,969,367 $247,938,774 $512,182,685 $ 73,761,811 Dividends receivable -- -- 938,684 -- -- Accounts receivable from RiverSource Life for contract purchase payments -- 1,666 221,980 8,486 -- Receivable for share redemptions 84,631 12,881 199,919 768,175 74,915 ------------------------------------------------------------------------------------------------------------------------ Total assets 57,939,222 7,983,914 249,299,357 512,959,346 73,836,726 ------------------------------------------------------------------------------------------------------------------------ LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 58,501 6,964 190,740 388,833 53,173 Contract terminations 26,130 5,916 9,180 379,342 21,742 Payable for investments purchased -- 1,666 1,160,663 8,486 -- ------------------------------------------------------------------------------------------------------------------------ Total liabilities 84,631 14,546 1,360,583 776,661 74,915 ------------------------------------------------------------------------------------------------------------------------ Net assets applicable to contracts in accumulation period 57,465,119 7,969,368 247,583,026 511,099,711 73,567,569 Net assets applicable to contracts in payment period 389,472 -- 355,748 1,082,746 194,242 Net assets applicable to seed money -- -- -- 228 -- ------------------------------------------------------------------------------------------------------------------------ Total net assets $57,854,591 $ 7,969,368 $247,938,774 $512,182,685 $ 73,761,811 ------------------------------------------------------------------------------------------------------------------------ (1) Investment shares 4,059,971 485,641 26,209,173 21,804,286 5,882,122 (2) Investments, at cost $61,019,678 $ 8,400,215 $239,226,995 $566,705,435 $ 82,853,764 ------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. 138 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF ASSETS AND LIABILITIES
FID VIP FID VIP FID VIP FID VIP FID VIP GRO & INC, MID CAP, MID CAP, OVERSEAS, OVERSEAS, DEC. 31, 2010 (CONTINUED) SERV CL 2 SERV CL SERV CL 2 SERV CL SERV CL 2 ASSETS Investments, at fair value(1),(2) $160,712,077 $191,576,176 $708,605,896 $ 36,025,046 $122,216,174 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments -- 5,330 19,836 -- 657 Receivable for share redemptions 213,616 281,169 914,975 91,262 244,961 ----------------------------------------------------------------------------------------------------------------------- Total assets 160,925,693 191,862,675 709,540,707 36,116,308 122,461,792 ----------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 116,263 138,069 526,887 26,114 91,138 Contract terminations 97,352 143,100 388,089 65,148 153,822 Payable for investments purchased -- 5,330 19,836 -- 657 ----------------------------------------------------------------------------------------------------------------------- Total liabilities 213,615 286,499 934,812 91,262 245,617 ----------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 160,402,378 190,490,510 707,552,464 35,767,972 121,894,592 Net assets applicable to contracts in payment period 309,700 1,085,666 1,053,163 257,074 321,583 Net assets applicable to seed money -- -- 268 -- -- ----------------------------------------------------------------------------------------------------------------------- Total net assets $160,712,078 $191,576,176 $708,605,895 $ 36,025,046 $122,216,175 ----------------------------------------------------------------------------------------------------------------------- (1) Investment shares 12,929,371 5,891,026 22,054,338 2,157,188 7,353,560 (2) Investments, at cost $163,706,722 $135,639,617 $590,940,594 $ 39,266,296 $124,829,972 ----------------------------------------------------------------------------------------------------------------------- FTVIPT FRANK FTVIPT FRANK FTVIPT GS VIT GS VIT GLOBAL REAL SM CAP VAL, MUTUAL SHARES MID CAP VAL, STRUCTD SM CAP DEC. 31, 2010 (CONTINUED) EST, CL 2 CL 2 SEC, CL 2 INST EQ, INST ASSETS Investments, at fair value(1),(2) $172,608,885 $193,361,961 $174,040,457 $328,204,212 $ 10,931,597 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 11,300 4,761 53,256 -- -- Receivable for share redemptions 187,931 326,961 208,498 431,322 10,272 ----------------------------------------------------------------------------------------------------------------------- Total assets 172,808,116 193,693,683 174,302,211 328,635,534 10,941,869 ----------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 126,544 143,447 133,720 238,190 7,928 Contract terminations 61,388 183,514 74,778 193,133 2,344 Payable for investments purchased 11,300 4,761 53,256 -- -- ----------------------------------------------------------------------------------------------------------------------- Total liabilities 199,232 331,722 261,754 431,323 10,272 ----------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 172,247,563 193,127,845 173,822,191 327,666,256 10,894,773 Net assets applicable to contracts in payment period 361,321 233,760 217,699 537,955 36,824 Net assets applicable to seed money -- 356 567 -- -- ----------------------------------------------------------------------------------------------------------------------- Total net assets $172,608,884 $193,361,961 $174,040,457 $328,204,211 $ 10,931,597 ----------------------------------------------------------------------------------------------------------------------- (1) Investment shares 13,453,537 11,899,198 10,911,627 23,276,894 957,233 (2) Investments, at cost $268,337,798 $163,275,152 $185,771,416 $328,424,008 $ 10,657,696 -----------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 139 STATEMENTS OF ASSETS AND LIABILITIES
GS VIT INVESCO INVESCO INVESCO INVESCO STRUCTD U.S. VI CAP APPR, VI CAP APPR, VI CAP DEV, VI CAP DEV, DEC. 31, 2010 (CONTINUED) EQ, INST SER I SER II SER I SER II ASSETS Investments, at fair value(1),(2) $167,513,711 $21,686,787 $102,946,749 $17,619,733 $30,871,417 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 814 -- 1,029 -- 5,095 Receivable for share redemptions 226,823 22,627 129,718 39,152 44,057 -------------------------------------------------------------------------------------------------------------------------- Total assets 167,741,348 21,709,414 103,077,496 17,658,885 30,920,569 -------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 122,632 15,418 74,876 12,788 23,207 Contract terminations 104,191 7,209 54,842 26,364 20,849 Payable for investments purchased 814 -- 1,029 -- 5,095 -------------------------------------------------------------------------------------------------------------------------- Total liabilities 227,637 22,627 130,747 39,152 49,151 -------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 167,355,337 21,569,386 102,930,480 17,566,910 30,854,697 Net assets applicable to contracts in payment period 158,374 117,401 16,269 52,823 16,721 Net assets applicable to seed money -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- Total net assets $167,513,711 $21,686,787 $102,946,749 $17,619,733 $30,871,418 -------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 15,848,033 930,763 4,491,568 1,313,925 2,371,077 (2) Investments, at cost $189,636,251 $28,332,650 $ 97,567,427 $16,168,681 $31,060,739 -------------------------------------------------------------------------------------------------------------------------- INVESCO INVESCO INVESCO INVESCO INVESCO VI CORE EQ, VI DYN, VI FIN SERV, VI FIN SERV, VI GLOBAL HLTH, DEC. 31, 2010 (CONTINUED) SER I SER I SER I SER II SER II ASSETS Investments, at fair value(1),(2) $118,803,790 $ 6,331,921 $ 14,005,733 $ 6,631,492 $22,250,601 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments -- 25 1,903 793 14,734 Receivable for share redemptions 173,871 4,889 12,600 5,855 17,695 -------------------------------------------------------------------------------------------------------------------------- Total assets 118,977,661 6,336,835 14,020,236 6,638,140 22,283,030 -------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 127,088 4,495 10,081 5,594 17,054 Contract terminations 46,783 393 2,519 262 642 Payable for investments purchased -- 25 1,903 793 14,734 -------------------------------------------------------------------------------------------------------------------------- Total liabilities 173,871 4,913 14,503 6,649 32,430 -------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 117,296,145 6,315,694 14,004,815 6,598,499 22,249,317 Net assets applicable to contracts in payment period 1,507,645 16,228 918 32,992 1,283 Net assets applicable to seed money -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- Total net assets $118,803,790 $ 6,331,922 $ 14,005,733 $ 6,631,491 $22,250,600 -------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 4,395,257 359,360 2,492,123 1,192,714 1,358,400 (2) Investments, at cost $ 93,898,973 $ 4,212,622 $ 19,049,819 $ 7,609,061 $22,899,105 --------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. 140 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF ASSETS AND LIABILITIES
INVESCO INVESCO INVESCO JANUS ASPEN JANUS ASPEN VI INTL GRO, VI TECH, VANK VI ENTERPRISE, GLOBAL DEC. 31, 2010 (CONTINUED) SER II SER I COMSTOCK, SER II SERV TECH, SERV ASSETS Investments, at fair value(1),(2) $121,171,446 $ 33,423,508 $257,009,567 $18,424,832 $24,760,253 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 13,884 2,224 4,083 241 1,475 Receivable for share redemptions 131,879 36,954 317,808 13,553 33,715 ------------------------------------------------------------------------------------------------------------------------- Total assets 121,317,209 33,462,686 257,331,458 18,438,626 24,795,443 ------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 91,273 23,936 191,443 12,958 17,528 Contract terminations 40,606 13,018 126,365 595 16,187 Payable for investments purchased 13,884 2,224 4,083 241 1,475 ------------------------------------------------------------------------------------------------------------------------- Total liabilities 145,763 39,178 321,891 13,794 35,190 ------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 121,077,890 33,422,663 256,847,044 18,424,832 24,619,580 Net assets applicable to contracts in payment period 93,556 845 162,523 -- 140,673 Net assets applicable to seed money -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- Total net assets $121,171,446 $ 33,423,508 $257,009,567 $18,424,832 $24,760,253 ------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 4,274,125 2,088,969 22,023,099 490,936 4,374,603 (2) Investments, at cost $111,421,793 $ 24,668,710 $271,280,358 $17,413,841 $22,355,225 ------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN JANUS ASPEN LM CB VAR MFS MFS JANUS, OVERSEAS, SM CAP GRO, INV GRO STOCK, NEW DIS, DEC. 31, 2010 (CONTINUED) SERV SERV CL I SERV CL SERV CL ASSETS Investments, at fair value(1),(2) $ 82,233,183 $175,075,543 $ 8,289,925 $82,959,875 $62,697,587 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 2,930 38,090 11,779 42,514 2,775 Receivable for share redemptions 139,059 128,192 7,421 98,409 86,032 ------------------------------------------------------------------------------------------------------------------------- Total assets 82,375,172 175,241,825 8,309,125 83,100,798 62,786,394 ------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 62,630 125,106 6,707 61,150 45,257 Contract terminations 76,429 3,086 714 37,259 40,774 Payable for investments purchased 2,930 38,090 11,779 42,514 2,775 ------------------------------------------------------------------------------------------------------------------------- Total liabilities 141,989 166,282 19,200 140,923 88,806 ------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 82,211,013 174,700,048 8,289,925 82,837,823 62,591,911 Net assets applicable to contracts in payment period 21,610 375,495 -- 122,052 105,677 Net assets applicable to seed money 560 -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- Total net assets $ 82,233,183 $175,075,543 $ 8,289,925 $82,959,875 $62,697,588 ------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 3,422,105 3,124,117 536,218 7,710,026 3,534,250 (2) Investments, at cost $ 73,788,122 $112,647,958 $ 6,730,766 $74,004,747 $48,774,516 -------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 141 STATEMENTS OF ASSETS AND LIABILITIES
MFS MS UIF MS UIF NB AMT NB AMT UTILITIES, GLOBAL REAL MID CAP GRO, INTL, SOC RESPONSIVE, DEC. 31, 2010 (CONTINUED) SERV CL EST, CL II CL II CL S CL S ASSETS Investments, at fair value(1),(2) $229,995,171 $ 73,116,473 $60,967,357 $22,804,363 $ 3,472,779 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 2,743 29,864 61,207 346 533 Receivable for share redemptions 330,808 80,029 53,561 73,539 2,917 ------------------------------------------------------------------------------------------------------------------------- Total assets 230,328,722 73,226,366 61,082,125 22,878,248 3,476,229 ------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 173,338 56,304 46,110 17,305 2,884 Contract terminations 157,471 23,726 7,451 56,234 33 Payable for investments purchased 2,743 29,864 61,207 346 533 ------------------------------------------------------------------------------------------------------------------------- Total liabilities 333,552 109,894 114,768 73,885 3,450 ------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 229,601,446 72,934,491 60,858,596 22,791,286 3,472,005 Net assets applicable to contracts in payment period 392,828 181,981 108,401 13,077 -- Net assets applicable to seed money 896 -- 360 -- 774 ------------------------------------------------------------------------------------------------------------------------- Total net assets $229,995,170 $ 73,116,472 $60,967,357 $22,804,363 $ 3,472,779 ------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 9,218,243 8,704,342 5,076,383 2,205,451 233,072 (2) Investments, at cost $223,429,622 $ 73,929,058 $54,864,108 $23,184,245 $ 3,233,355 ------------------------------------------------------------------------------------------------------------------------- OPPEN OPPEN GLOBAL OPPEN MAIN OPPEN PIMCO GLOBAL SEC STRATEGIC INC ST SM MID CAP VAL VIT ALL ASSET, DEC. 31, 2010 (CONTINUED) VA, SERV VA, SRV VA, SERV VA, SERV ADVISOR CL ASSETS Investments, at fair value(1),(2) $107,677,617 $985,347,754 $76,560,275 $ 4,653,476 $244,030,879 Dividends receivable -- -- -- -- 5,875,103 Accounts receivable from RiverSource Life for contract purchase payments 74,014 299,941 22,654 45,049 132,021 Receivable for share redemptions 113,408 770,568 80,343 4,625 266,218 ------------------------------------------------------------------------------------------------------------------------- Total assets 107,865,039 986,418,263 76,663,272 4,703,150 250,304,221 ------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 81,794 760,435 58,860 3,986 187,841 Contract terminations 31,615 10,133 21,483 639 78,378 Payable for investments purchased 74,014 299,941 22,654 45,049 6,007,124 ------------------------------------------------------------------------------------------------------------------------- Total liabilities 187,423 1,070,509 102,997 49,674 6,273,343 ------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 107,396,295 983,157,879 76,482,913 4,653,476 242,766,114 Net assets applicable to contracts in payment period 280,641 2,189,875 76,674 -- 1,264,448 Net assets applicable to seed money 680 -- 688 -- 316 ------------------------------------------------------------------------------------------------------------------------- Total net assets $107,677,616 $985,347,754 $76,560,275 $ 4,653,476 $244,030,878 ------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 3,584,475 173,476,717 4,374,873 454,885 21,964,976 (2) Investments, at cost $106,073,882 $913,551,986 $71,665,155 $ 4,648,904 $243,292,215 -------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. 142 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF ASSETS AND LIABILITIES
PUT VT PUT VT PUT VT PUT VT ROYCE GLOBAL HLTH CARE, INTL EQ, MULTI-CAP MULTI- CAP MICRO-CAP, DEC. 31, 2010 (CONTINUED) CL IB CL IB GRO, CL IA GRO, CL IB INVEST CL ASSETS Investments, at fair value(1),(2) $21,455,084 $32,041,487 $ 70,085,478 $33,345,807 $62,060,455 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 6,788 233 -- -- 15 Receivable for share redemptions 21,754 25,197 110,545 37,260 87,847 -------------------------------------------------------------------------------------------------------------------------- Total assets 21,483,626 32,066,917 70,196,023 33,383,067 62,148,317 -------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 15,599 23,196 74,867 23,799 44,925 Contract terminations 6,155 2,002 35,678 13,461 42,922 Payable for investments purchased 6,788 233 -- -- 15 -------------------------------------------------------------------------------------------------------------------------- Total liabilities 28,542 25,431 110,545 37,260 87,862 -------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 21,420,837 32,006,989 69,502,369 33,279,053 61,800,334 Net assets applicable to contracts in payment period 34,172 34,421 583,109 66,754 260,121 Net assets applicable to seed money 75 76 -- -- -- -------------------------------------------------------------------------------------------------------------------------- Total net assets $21,455,084 $32,041,486 $ 70,085,478 $33,345,807 $62,060,455 -------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 1,752,866 2,719,990 3,390,686 1,638,615 5,095,275 (2) Investments, at cost $20,164,014 $36,289,396 $ 76,895,880 $29,430,070 $45,196,334 -------------------------------------------------------------------------------------------------------------------------- DISC DISC DISC DISC DISC ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, DEC. 31, 2010 (CONTINUED) AGGR CONSERV MOD MOD AGGR MOD CONSERV ASSETS Investments, at fair value(1),(2) $22,909,478 $59,215,673 $111,104,222 $55,565,948 $61,169,898 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 1,036 789 3,516 1,721 12,585 Receivable for share redemptions -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- Total assets 22,910,514 59,216,462 111,107,738 55,567,669 61,182,483 -------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 16,685 46,823 82,705 40,904 46,803 Contract terminations 427 26,865 139,495 2,707 246 Payable for investments purchased -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- Total liabilities 17,112 73,688 222,200 43,611 47,049 -------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 22,753,046 58,977,500 110,577,976 53,329,773 60,856,681 Net assets applicable to contracts in payment period 140,279 165,214 307,496 2,194,208 278,676 Net assets applicable to seed money 77 60 66 77 77 -------------------------------------------------------------------------------------------------------------------------- Total net assets $22,893,402 $59,142,774 $110,885,538 $55,524,058 $61,135,434 -------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 2,325,835 5,529,008 10,989,537 5,562,157 5,898,737 (2) Investments, at cost $19,038,152 $52,614,413 $ 96,378,864 $47,397,942 $53,238,259 --------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 143 STATEMENTS OF ASSETS AND LIABILITIES
COL VP COL VP COL VP COL VP COL VP BAL, CASH MGMT, CASH MGMT, DIV BOND, DIV BOND, DEC. 31, 2010 (CONTINUED) CL 3 CL 2 CL 3 CL 2 CL 3 ASSETS Investments, at fair value(1),(2) $242,146,317 $ 3,735,483 $417,968,094 $ 3,248,966 $1,162,666,105 Dividends receivable -- 1 115 -- -- Accounts receivable from RiverSource Life for contract purchase payments 8,857 67,729 36,630 5,000 206,176 Receivable for share redemptions -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------- Total assets 242,155,174 3,803,213 418,004,839 3,253,966 1,162,872,281 --------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 205,806 3,024 331,263 2,654 915,882 Contract terminations 15,374 -- 211,051 64 195,766 Payable for investments purchased -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------- Total liabilities 221,180 3,024 542,314 2,718 1,111,648 --------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 238,222,015 3,783,140 417,270,886 3,250,869 1,157,218,887 Net assets applicable to contracts in payment period 3,711,891 -- 191,639 -- 4,541,746 Net assets applicable to seed money 88 17,049 -- 379 -- --------------------------------------------------------------------------------------------------------------------------- Total net assets $241,933,994 $ 3,800,189 $417,462,525 $ 3,251,248 $1,161,760,633 --------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 17,508,772 3,735,483 417,968,093 295,629 105,696,919 (2) Investments, at cost $245,798,492 $ 3,735,483 $417,787,626 $ 3,249,561 $1,105,784,885 --------------------------------------------------------------------------------------------------------------------------- COL VP COL VP COL VP COL VP COL VP DIV EQ INC, DIV EQ INC, DYN EQ, DYN EQ, GLOBAL BOND, DEC. 31, 2010 (CONTINUED) CL 2 CL 3 CL 2 CL 3 CL 2 ASSETS Investments, at fair value(1),(2) $ 1,171,496 $1,005,501,792 $ 26,850 $436,797,285 $ 1,689,094 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments -- 44,832 -- 106 5,000 Receivable for share redemptions -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------- Total assets 1,171,496 1,005,546,624 26,850 436,797,391 1,694,094 --------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 867 777,453 27 362,043 1,383 Contract terminations 112 821,389 -- 233,649 -- Payable for investments purchased -- -- -- -- -- --------------------------------------------------------------------------------------------------------------------------- Total liabilities 979 1,598,842 27 595,692 1,383 --------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 1,170,445 1,000,255,039 26,669 431,713,465 1,692,179 Net assets applicable to contracts in payment period -- 3,692,743 -- 4,488,234 -- Net assets applicable to seed money 72 -- 154 -- 532 --------------------------------------------------------------------------------------------------------------------------- Total net assets $ 1,170,517 $1,003,947,782 $ 26,823 $436,201,699 $ 1,692,711 --------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 89,087 76,347,896 1,390 22,608,555 144,491 (2) Investments, at cost $ 1,093,673 $ 924,128,934 $ 24,519 $508,979,846 $ 1,704,903 ---------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. 144 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF ASSETS AND LIABILITIES
COL VP COL VP GLOBAL COL VP GLOBAL COL VP COL VP GLOBAL BOND, INFLATION PROT INFLATION PROT HI YIELD HI YIELD DEC. 31, 2010 (CONTINUED) CL 3 SEC, CL 2 SEC, CL 3 BOND, CL 2 BOND, CL 3 ASSETS Investments, at fair value(1),(2) $410,582,432 $ 1,186,820 $279,651,062 $2,082,977 $501,833,704 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 208,325 5,000 12,690 8,026 117,586 Receivable for share redemptions -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- Total assets 410,790,757 1,191,820 279,663,752 2,091,003 501,951,290 ------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 321,500 958 215,448 1,662 395,083 Contract terminations -- -- 47,260 -- 74,596 Payable for investments purchased -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- Total liabilities 321,500 958 262,708 1,662 469,679 ------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 409,809,683 1,190,337 279,346,212 2,088,867 499,000,167 Net assets applicable to contracts in payment period 659,574 -- 54,832 -- 2,481,444 Net assets applicable to seed money -- 525 -- 474 -- ------------------------------------------------------------------------------------------------------------------------- Total net assets $410,469,257 $ 1,190,862 $279,401,044 $2,089,341 $501,481,611 ------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 35,092,516 124,666 29,313,528 300,574 72,414,676 (2) Investments, at cost $384,470,550 $ 1,194,167 $280,916,378 $2,031,607 $475,213,303 ------------------------------------------------------------------------------------------------------------------------- COL VP COL VP COL VP COL VP COL VP INC OPP, INC OPP, LIMITED DURATION MID CAP GRO MID CAP GRO DEC. 31, 2010 (CONTINUED) CL 2 CL 3 CR, CL 2 OPP, CL 2 OPP, CL 3 ASSETS Investments, at fair value(1),(2) $ 804,050 $215,737,630 $ 1,227,677 $ 127,003 $140,341,092 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments -- 139,294 -- -- 437 Receivable for share redemptions -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- Total assets 804,050 215,876,924 1,227,677 127,003 140,341,529 ------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 701 165,671 1,077 105 114,813 Contract terminations -- 74,166 -- -- 61,802 Payable for investments purchased -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- Total liabilities 701 239,837 1,077 105 176,615 ------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 802,954 215,405,784 1,226,150 126,766 139,303,515 Net assets applicable to contracts in payment period -- 231,303 -- -- 861,399 Net assets applicable to seed money 395 -- 450 132 -- ------------------------------------------------------------------------------------------------------------------------- Total net assets $ 803,349 $215,637,087 $ 1,226,600 $ 126,898 $140,164,914 ------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 75,356 20,143,570 119,773 8,741 9,658,712 (2) Investments, at cost $ 790,121 $196,757,442 $ 1,228,993 $ 114,419 $108,183,528 -------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 145 STATEMENTS OF ASSETS AND LIABILITIES
COL VP COL VP COL VP COL VP COL VP MID CAP VAL MID CAP VAL S&P 500, SHORT SHORT DEC. 31, 2010 (CONTINUED) OPP, CL 2 OPP, CL 3 CL 3 DURATION, CL 2 DURATION, CL 3 ASSETS Investments, at fair value(1),(2) $ 265,528 $120,328,070 $148,817,681 $1,908,065 $321,654,313 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments -- 2,002 20,302 38,828 10,654 Receivable for share redemptions -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- Total assets 265,528 120,330,072 148,837,983 1,946,893 321,664,967 ---------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 213 91,144 109,562 1,882 248,946 Contract terminations 7,173 63,172 34,956 185 119,860 Payable for investments purchased -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- Total liabilities 7,386 154,316 144,518 2,067 368,806 ---------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 257,998 120,097,608 147,931,562 1,944,526 320,639,728 Net assets applicable to contracts in payment period -- 78,148 761,815 -- 656,433 Net assets applicable to seed money 144 -- 88 300 -- ---------------------------------------------------------------------------------------------------------------------------- Total net assets $ 258,142 $120,175,756 $148,693,465 $1,944,826 $321,296,161 ---------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 24,249 10,988,865 17,284,284 184,176 31,017,774 (2) Investments, at cost $ 239,888 $125,061,114 $132,367,959 $1,909,214 $318,334,484 ---------------------------------------------------------------------------------------------------------------------------- RVS VP COL VP COL VP COL VP COL VP STRATEGIC INC, LG CAP GRO, LG CAP GRO, SELECT LG SELECT LG DEC. 31, 2010 (CONTINUED) CL 2 CL 2 CL 3 CAP VAL, CL 2 CAP VAL, CL 3 ASSETS Investments, at fair value(1),(2) $1,330,713 $ 314,667 $150,329,172 $ 188,936 $ 25,363,249 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 14,077 -- 263 -- 6,988 Receivable for share redemptions -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- Total assets 1,344,790 314,667 150,329,435 188,936 25,370,237 ---------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 1,098 252 109,059 176 18,333 Contract terminations -- 112 154,111 -- 4,497 Payable for investments purchased -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- Total liabilities 1,098 364 263,170 176 22,830 ---------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 1,343,234 314,171 149,627,474 188,661 25,335,560 Net assets applicable to contracts in payment period -- -- 438,791 -- 11,847 Net assets applicable to seed money 458 132 -- 99 -- ---------------------------------------------------------------------------------------------------------------------------- Total net assets $1,343,692 $ 314,303 $150,066,265 $ 188,760 $ 25,347,407 ---------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 125,421 46,207 22,042,401 18,837 2,531,262 (2) Investments, at cost $1,322,667 $ 291,944 $164,634,693 $ 174,295 $ 23,482,052 ----------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. 146 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF ASSETS AND LIABILITIES
COL VP COL VP COL VP COL VP COL VP SELECT SM CAP SELECT SM EMER MKTS EMER MKTS INTL OPP, DEC. 31, 2010 (CONTINUED) VAL, CL 2 CAP VAL, CL 3 OPP, CL 2 OPP, CL 3 CL 2 ASSETS Investments, at fair value(1),(2) $ 154,858 $ 66,560,263 $ 1,997,118 $422,329,405 $482,877 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 16 10,869 -- 97,466 5,000 Receivable for share redemptions -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------ Total assets 154,874 66,571,132 1,997,118 422,426,871 487,877 ------------------------------------------------------------------------------------------------------------------------ LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 108 48,259 1,595 340,124 434 Contract terminations -- 58,180 41 87,209 -- Payable for investments purchased -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------ Total liabilities 108 106,439 1,636 427,333 434 ------------------------------------------------------------------------------------------------------------------------ Net assets applicable to contracts in accumulation period 154,622 66,318,022 1,995,052 421,155,215 486,771 Net assets applicable to contracts in payment period -- 146,671 -- 844,323 -- Net assets applicable to seed money 144 -- 430 -- 672 ------------------------------------------------------------------------------------------------------------------------ Total net assets $ 154,766 $ 66,464,693 $ 1,995,482 $421,999,538 $487,443 ------------------------------------------------------------------------------------------------------------------------ (1) Investment shares 13,466 5,782,820 111,446 23,541,215 40,006 (2) Investments, at cost $ 145,547 $ 66,476,290 $ 1,894,067 $299,260,377 $462,832 ------------------------------------------------------------------------------------------------------------------------ COL VP VP VP VP AB VP AC INTL OPP, AGGR, AGGR, INTL VAL, DIV BOND, DEC. 31, 2010 (CONTINUED) CL 3 CL 2 CL 4 CL 2 CL 2 ASSETS Investments, at fair value(1),(2) $149,229,835 $208,038,345 $1,821,262,145 $ 509,640 $771,292 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 38,006 813,322 1,261,664 -- -- Receivable for share redemptions -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------ Total assets 149,267,841 208,851,667 1,822,523,809 509,640 771,292 ------------------------------------------------------------------------------------------------------------------------ LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 130,062 149,365 1,395,351 382 617 Contract terminations 32,804 -- 10,139 6,543 19,163 Payable for investments purchased -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------ Total liabilities 162,866 149,365 1,405,490 6,925 19,780 ------------------------------------------------------------------------------------------------------------------------ Net assets applicable to contracts in accumulation period 148,053,874 208,699,381 1,821,118,319 501,904 750,913 Net assets applicable to contracts in payment period 1,051,101 2,877 -- -- -- Net assets applicable to seed money -- 44 -- 811 599 ------------------------------------------------------------------------------------------------------------------------ Total net assets $149,104,975 $208,702,302 $1,821,118,319 $ 502,715 $751,512 ------------------------------------------------------------------------------------------------------------------------ (1) Investment shares 12,353,463 18,426,780 161,316,399 45,342 73,737 (2) Investments, at cost $133,203,254 $192,054,492 $1,566,037,012 $ 487,447 $779,980 ------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 147 STATEMENTS OF ASSETS AND LIABILITIES
VP AC VP COL VP COL VP VP GRO, WANGER INTL WANGER US CONSERV, CONSERV, DEC. 31, 2010 (CONTINUED) CL 2 EQ, CL 2 EQ, CL 2 CL 2 CL 4 ASSETS Investments, at fair value(1),(2) $181,229 $ 1,218,620 $ 697,333 $183,335,014 $1,412,524,234 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments -- -- -- 912,507 6,324 Receivable for share redemptions -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------ Total assets 181,229 1,218,620 697,333 184,247,521 1,412,530,558 ------------------------------------------------------------------------------------------------------------------------ LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 148 980 511 153,626 1,198,759 Contract terminations -- -- 7,418 60 1,386,163 Payable for investments purchased -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------ Total liabilities 148 980 7,929 153,686 2,584,922 ------------------------------------------------------------------------------------------------------------------------ Net assets applicable to contracts in accumulation period 180,973 1,217,205 689,308 184,091,301 1,409,945,636 Net assets applicable to contracts in payment period -- -- -- 2,534 -- Net assets applicable to seed money 108 435 96 -- -- ------------------------------------------------------------------------------------------------------------------------ Total net assets $181,081 $ 1,217,640 $ 689,404 $184,093,835 $1,409,945,636 ------------------------------------------------------------------------------------------------------------------------ (1) Investment shares 16,024 98,994 58,847 17,427,283 134,270,364 (2) Investments, at cost $169,274 $ 1,134,247 $ 625,575 $178,335,608 $1,331,793,867 ------------------------------------------------------------------------------------------------------------------------ VP DAVIS VP DAVIS VP EV VP GS VP GS NY VENTURE, NY VENTURE, FLOATING RATE MID CAP VAL, MID CAP VAL, DEC. 31, 2010 (CONTINUED) CL 2 CL 3 INC, CL 2 CL 2 CL 3 ASSETS Investments, at fair value(1),(2) $458,030 $62,709,340 $1,642,436 $ 504,098 $ 14,312,423 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 16 16 5,000 18 15,612 Receivable for share redemptions -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------ Total assets 458,046 62,709,356 1,647,436 504,116 14,328,035 ------------------------------------------------------------------------------------------------------------------------ LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 363 47,311 1,387 362 10,704 Contract terminations 6,959 88,087 -- -- 2,292 Payable for investments purchased -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------ Total liabilities 7,322 135,398 1,387 362 12,996 ------------------------------------------------------------------------------------------------------------------------ Net assets applicable to contracts in accumulation period 450,625 62,499,064 1,634,994 503,646 14,307,900 Net assets applicable to contracts in payment period -- 74,894 -- -- 7,139 Net assets applicable to seed money 99 -- 11,055 108 -- ------------------------------------------------------------------------------------------------------------------------ Total net assets $450,724 $62,573,958 $1,646,049 $ 503,754 $ 14,315,039 ------------------------------------------------------------------------------------------------------------------------ (1) Investment shares 45,849 6,277,211 167,084 45,130 1,280,181 (2) Investments, at cost $418,013 $53,817,309 $1,611,562 $ 462,730 $ 13,301,408 ------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. 148 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF ASSETS AND LIABILITIES
VP INVESCO VP JPM VP JENNISON VP MARSICO VP MFS INTL GRO, CORE BOND, MID CAP GRO, GRO, VAL, DEC. 31, 2010 (CONTINUED) CL 2 CL 2 CL 2 CL 2 CL 2 ASSETS Investments, at fair value(1),(2) $ 406,996 $ 1,138,753 $ 322,044 $ 257,378 $ 293,839 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments -- -- -- -- -- Receivable for share redemptions -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- Total assets 406,996 1,138,753 322,044 257,378 293,839 ---------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 299 879 274 212 244 Contract terminations -- -- -- -- -- Payable for investments purchased -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- Total liabilities 299 879 274 212 244 ---------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 405,941 1,137,277 321,638 257,058 293,485 Net assets applicable to contracts in payment period -- -- -- -- -- Net assets applicable to seed money 756 597 132 108 110 ---------------------------------------------------------------------------------------------------------------------------- Total net assets $ 406,697 $ 1,137,874 $ 321,770 $ 257,166 $ 293,595 ---------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 34,995 109,812 28,424 21,377 27,334 (2) Investments, at cost $ 388,639 $ 1,148,200 $ 293,585 $ 235,041 $ 272,835 ---------------------------------------------------------------------------------------------------------------------------- VP VP VP MOD VP MOD VP MOD MOD, MOD, AGGR, AGGR, CONSERV, DEC. 31, 2010 (CONTINUED) CL 2 CL 4 CL 2 CL 4 CL 2 ASSETS Investments, at fair value(1),(2) $1,728,391,095 $11,569,172,928 $986,321,108 $7,162,580,449 $519,158,876 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 5,981,466 49,372 5,935,867 204,684 1,351,308 Receivable for share redemptions -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- Total assets 1,734,372,561 11,569,222,300 992,256,975 7,162,785,133 520,510,184 ---------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 1,337,496 9,232,948 728,975 5,543,075 413,839 Contract terminations 41,939 2,149,878 -- 502,721 -- Payable for investments purchased -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- Total liabilities 1,379,435 11,382,826 728,975 6,045,796 413,839 ---------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 1,732,982,288 11,557,839,474 991,522,406 7,156,739,337 520,091,103 Net assets applicable to contracts in payment period 10,827 -- 5,583 -- 5,231 Net assets applicable to seed money 11 -- 11 -- 11 ---------------------------------------------------------------------------------------------------------------------------- Total net assets $1,732,993,126 $11,557,839,474 $991,528,000 $7,156,739,337 $520,096,345 ---------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 156,983,751 1,050,787,732 88,143,084 639,516,112 48,204,167 (2) Investments, at cost $1,633,491,701 $10,376,352,708 $918,341,963 $6,286,797,452 $497,167,523 ----------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 149 STATEMENTS OF ASSETS AND LIABILITIES
VP MOD VP MS VP NFJ VP NUVEEN VP PTNRS CONSERV, GLOBAL REAL DIVD VAL, WINSLOW SM CAP DEC. 31, 2010 (CONTINUED) CL 4 EST, CL 2 CL 2 LG CAP GRO, CL 2 GRO, CL 2 ASSETS Investments, at fair value(1),(2) $3,334,334,313 $ 835,625 $168,265 $34,313 $120,056 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 1,026,606 5,016 -- -- -- Receivable for share redemptions -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- Total assets 3,335,360,919 840,641 168,265 34,313 120,056 ---------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 2,747,305 642 163 32 121 Contract terminations 593,822 -- -- 51 -- Payable for investments purchased -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- Total liabilities 3,341,127 642 163 83 121 ---------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 3,332,019,792 839,411 167,992 34,074 119,791 Net assets applicable to contracts in payment period -- -- -- -- -- Net assets applicable to seed money -- 588 110 156 144 ---------------------------------------------------------------------------------------------------------------------------- Total net assets $3,332,019,792 $ 839,999 $168,102 $34,230 $119,935 ---------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 309,307,450 71,360 14,970 3,010 10,218 (2) Investments, at cost $3,068,690,736 $ 801,557 $157,077 $31,145 $107,124 ---------------------------------------------------------------------------------------------------------------------------- VP PTNRS VP PTNRS VP PIMCO VP PYRAMIS VP WF SM CAP SM CAP VAL, MORTGAGE INTL EQ, SHORT DURATION DEC. 31, 2010 (CONTINUED) VAL, CL 2 CL 3 BACKED SEC, CL 2 CL 2 GOVT, CL 2 ASSETS Investments, at fair value(1),(2) $ 453,291 $197,586,199 $447,075 $78,476 $402,731 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments -- 10,623 -- -- -- Receivable for share redemptions -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- Total assets 453,291 197,596,822 447,075 78,476 402,731 ---------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 395 144,577 400 42 353 Contract terminations 46 186,574 -- 57 -- Payable for investments purchased -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------------- Total liabilities 441 331,151 400 99 353 ---------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 452,766 196,895,857 446,075 77,393 401,703 Net assets applicable to contracts in payment period -- 369,814 -- -- -- Net assets applicable to seed money 84 -- 600 984 675 ---------------------------------------------------------------------------------------------------------------------------- Total net assets $ 452,850 $197,265,671 $446,675 $78,377 $402,378 ---------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 29,724 12,947,982 43,154 6,789 39,600 (2) Investments, at cost $ 415,597 $165,566,079 $447,695 $77,148 $402,175 ----------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. 150 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF ASSETS AND LIABILITIES
WF ADV WF ADV THIRD AVE WANGER WANGER VT CORE EQ, VT INDEX DEC. 31, 2010 (CONTINUED) VAL INTL USA CL 2 ASSET ALLOC, CL 2 ASSETS Investments, at fair value(1),(2) $53,357,570 $458,488,585 $441,908,082 $42,755,871 $36,092,798 Dividends receivable -- -- -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 1,582 8,778 163,728 8,762 -- Receivable for share redemptions 49,004 537,480 796,273 82,155 62,610 -------------------------------------------------------------------------------------------------------------------------- Total assets 53,408,156 459,034,843 442,868,083 42,846,788 36,155,408 -------------------------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 38,507 339,640 327,388 33,191 26,456 Contract terminations 10,497 197,840 468,884 48,964 36,154 Payable for investments purchased 1,582 8,778 163,728 8,762 -- -------------------------------------------------------------------------------------------------------------------------- Total liabilities 50,586 546,258 960,000 90,917 62,610 -------------------------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 53,102,809 457,887,308 441,413,714 42,593,963 35,879,808 Net assets applicable to contracts in payment period 254,761 601,277 494,369 161,292 212,990 Net assets applicable to seed money -- -- -- 616 -- -------------------------------------------------------------------------------------------------------------------------- Total net assets $53,357,570 $458,488,585 $441,908,083 $42,755,871 $36,092,798 -------------------------------------------------------------------------------------------------------------------------- (1) Investment shares 3,607,679 12,679,441 13,051,036 2,167,049 3,079,590 (2) Investments, at cost $59,701,022 $350,491,610 $360,571,396 $35,484,558 $37,774,101 --------------------------------------------------------------------------------------------------------------------------
WF ADV WF ADV WF ADV VT VT INTL EQ, VT OPP, SM CAP GRO, DEC. 31, 2010 (CONTINUED) CL 2 CL 2 CL 2 ASSETS Investments, at fair value(1),(2) $74,526,363 $51,585,277 $100,081,392 Dividends receivable -- -- -- Accounts receivable from RiverSource Life for contract purchase payments 16,083 479 41 Receivable for share redemptions 57,679 85,873 148,359 --------------------------------------------------------------------------------------------------------- Total assets 74,600,125 51,671,629 100,229,792 --------------------------------------------------------------------------------------------------------- LIABILITIES Payable to RiverSource Life for: Mortality and expense risk fee 56,450 37,958 75,168 Contract terminations 1,229 47,915 73,191 Payable for investments purchased 16,083 479 41 --------------------------------------------------------------------------------------------------------- Total liabilities 73,762 86,352 148,400 --------------------------------------------------------------------------------------------------------- Net assets applicable to contracts in accumulation period 74,345,087 51,575,518 100,006,887 Net assets applicable to contracts in payment period 181,276 9,150 74,060 Net assets applicable to seed money -- 609 445 --------------------------------------------------------------------------------------------------------- Total net assets $74,526,363 $51,585,277 $100,081,392 --------------------------------------------------------------------------------------------------------- (1) Investment shares 12,983,687 2,800,504 12,432,471 (2) Investments, at cost $59,122,833 $50,402,423 $ 89,618,483 ---------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 151 STATEMENTS OF OPERATIONS
AB VPS AB VPS AB VPS AB VPS AC VP GLOBAL THEMATIC GRO & INC, INTL VAL, LG CAP GRO, INTL, YEAR ENDED DEC. 31, 2010 GRO, CL B CL B CL B CL B CL I INVESTMENT INCOME Dividend income $ 348,239 $ -- $ 10,930,768 $ 8,895 $ 617,594 Variable account expenses 150,245 1,008,823 4,062,781 32,015 211,383 ---------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net 197,994 (1,008,823) 6,867,987 (23,120) 406,211 ---------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 6,155,035 26,842,798 276,723,182 1,025,676 8,359,689 Cost of investments sold 5,902,863 36,276,963 364,382,365 1,040,542 9,580,401 ---------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments 252,172 (9,434,165) (87,659,183) (14,866) (1,220,712) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 2,119,815 23,189,233 60,930,817 342,942 3,447,010 ---------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 2,371,987 13,755,068 (26,728,366) 328,076 2,226,298 ---------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $2,569,981 $12,746,245 $(19,860,379) $304,956 $2,632,509 ---------------------------------------------------------------------------------------------------------------- AC VP AC VP AC VP AC VP AC VP INTL, MID CAP VAL, ULTRA, VAL, VAL, YEAR ENDED DEC. 31, 2010 (CONTINUED) CL II CL II CL II CL I CL II INVESTMENT INCOME Dividend income $1,215,830 $ 1,392,830 $ 94,870 $1,376,408 $ 4,048,326 Variable account expenses 462,252 971,900 231,981 537,255 1,734,326 ---------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net 753,578 420,930 (137,111) 839,153 2,314,000 ---------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 11,559,424 183,977,411 6,158,648 18,123,509 33,647,735 Cost of investments sold 11,081,397 183,180,074 6,875,400 22,559,245 43,277,307 ---------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments 478,027 797,337 (716,752) (4,435,736) (9,629,572) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 4,760,256 9,495,889 4,628,198 10,778,322 29,785,042 ---------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 5,238,283 10,293,226 3,911,446 6,342,586 20,155,470 ---------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $5,991,861 $10,714,156 $3,774,335 $7,181,739 $22,469,470 ---------------------------------------------------------------------------------------------------------------- CALVERT COL VP COL VP COL VP CS VP HI INC, MARSICO GRO, MARSICO INTL COMMODITY YEAR ENDED DEC. 31, 2010 (CONTINUED) SRI BAL CL 2 CL 1 OPP, CL 2 RETURN INVESTMENT INCOME Dividend income $ 366,741 $7,289,439 $ 1,298,905 $ 483,642 $ 5,976,484 Variable account expenses 227,049 854,765 7,431,669 646,491 785,609 ---------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net 139,692 6,434,674 (6,132,764) (162,849) 5,190,875 ---------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 4,742,869 16,688,520 1,575,761,621 17,969,488 15,146,954 Cost of investments sold 5,273,950 17,274,722 1,609,709,297 24,839,731 20,035,928 ---------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments (531,081) (586,202) (33,947,676) (6,870,243) (4,888,974) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 3,203,682 3,725,144 67,774,916 15,115,506 13,066,888 ---------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 2,672,601 3,138,942 33,827,240 8,245,263 8,177,914 ---------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $2,812,293 $9,573,616 $27,694,476 $8,082,414 $13,368,789 ----------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. 152 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF OPERATIONS
CS DREY VIF EV VT FID VIP FID VIP U.S. EQ INTL EQ, FLOATING-RATE CONTRAFUND, GRO & INC, YEAR ENDED DEC. 31, 2010 (CONTINUED) FLEX I SERV INC SERV CL 2 SERV CL INVESTMENT INCOME Dividend income $ 85,136 $111,552 $20,532,184 $ 4,924,195 $ 427,758 Variable account expenses 674,715 76,608 4,753,753 5,366,033 637,520 ----------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net (589,579) 34,944 15,778,431 (441,838) (209,762) ----------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 12,773,611 1,577,420 778,131,393 375,357,270 21,574,886 Cost of investments sold 14,924,228 1,850,332 752,199,207 468,551,635 27,081,290 ----------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments (2,150,617) (272,912) 25,932,186 (93,194,365) (5,506,404) Distributions from capital gains -- -- -- 216,856 -- Net change in unrealized appreciation or depreciation of investments 9,650,379 861,428 3,879,008 159,742,494 14,965,116 ----------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 7,499,762 588,516 29,811,194 66,764,985 9,458,712 ----------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $6,910,183 $623,460 $45,589,625 $66,323,147 $9,248,950 ----------------------------------------------------------------------------------------------------------------------- FID VIP FID VIP FID VIP FID VIP FID VIP GRO & INC, MID CAP, MID CAP, OVERSEAS, OVERSEAS, YEAR ENDED DEC. 31, 2010 (CONTINUED) SERV CL 2 SERV CL SERV CL 2 SERV CL SERV CL 2 INVESTMENT INCOME Dividend income $ 710,710 $ 457,004 $ 773,033 $ 439,132 $ 1,320,489 Variable account expenses 1,331,656 1,628,608 7,229,098 311,958 1,021,312 ----------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net (620,946) (1,171,604) (6,456,065) 127,174 299,177 ----------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 32,232,588 61,900,474 532,591,173 11,587,542 24,630,733 Cost of investments sold 36,868,166 51,354,186 540,131,530 14,249,346 28,649,757 ----------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments (4,635,578) 10,546,288 (7,540,357) (2,661,804) (4,019,024) Distributions from capital gains -- 629,511 2,869,143 64,578 218,866 Net change in unrealized appreciation or depreciation of investments 24,859,190 36,375,225 188,052,048 6,193,586 16,036,759 ----------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 20,223,612 47,551,024 183,380,834 3,596,360 12,236,601 ----------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $19,602,666 $46,379,420 $176,924,769 $3,723,534 $12,535,778 ----------------------------------------------------------------------------------------------------------------------- FTVIPT FRANK FTVIPT FRANK FTVIPT GS VIT GS VIT GLOBAL REAL SM CAP VAL, MUTUAL SHARES MID CAP VAL, STRUCTD SM CAP YEAR ENDED DEC. 31, 2010 (CONTINUED) EST, CL 2 CL 2 SEC, CL 2 INST EQ, INST INVESTMENT INCOME Dividend income $ 4,763,992 $ 1,349,770 $ 2,671,593 $ 2,035,233 $ 54,392 Variable account expenses 1,435,493 1,550,702 1,541,654 2,668,751 87,951 ----------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net 3,328,499 (200,932) 1,129,939 (633,518) (33,559) ----------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 32,857,648 39,101,113 29,899,180 69,743,082 2,542,523 Cost of investments sold 57,764,200 38,947,568 33,976,059 80,753,327 2,943,465 ----------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments (24,906,552) 153,545 (4,076,879) (11,010,245) (400,942) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 51,790,396 43,612,692 19,514,108 79,373,700 3,055,459 ----------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 26,883,844 43,766,237 15,437,229 68,363,455 2,654,517 ----------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $30,212,343 $43,565,305 $16,567,168 $67,729,937 $2,620,958 -----------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 153 STATEMENTS OF OPERATIONS
GS VIT INVESCO INVESCO INVESCO INVESCO STRUCTD U.S. VI CAP APPR, VI CAP APPR, VI CAP DEV, VI CAP DEV, YEAR ENDED DEC. 31, 2010 (CONTINUED) EQ, INST SER I SER II SER I SER II INVESTMENT INCOME Dividend income $ 2,352,250 $ 161,198 $ 511,635 $ -- $ -- Variable account expenses 1,428,252 186,042 836,100 152,084 271,253 ---------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net 923,998 (24,844) (324,465) (152,084) (271,253) ---------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 36,153,789 6,696,915 18,677,730 5,343,929 8,495,813 Cost of investments sold 44,642,763 9,927,761 19,962,198 5,594,089 9,818,391 ---------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments (8,488,974) (3,230,846) (1,284,468) (250,160) (1,322,578) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 26,062,459 6,104,889 14,862,908 3,246,608 6,384,619 ---------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 17,573,485 2,874,043 13,578,440 2,996,448 5,062,041 ---------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $18,497,483 $2,849,199 $13,253,975 $2,844,364 $4,790,788 ---------------------------------------------------------------------------------------------------------------------------- INVESCO INVESCO INVESCO INVESCO INVESCO VI CORE EQ, VI DYN, VI FIN SERV, VI FIN SERV, VI GLOBAL HLTH, YEAR ENDED DEC. 31, 2010 (CONTINUED) SER I SER I SER I SER II SER II INVESTMENT INCOME Dividend income $1,157,077 $ -- $ 14,545 $ -- $ -- Variable account expenses 1,523,092 50,154 119,322 62,312 205,084 ---------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net (366,015) (50,154) (104,777) (62,312) (205,084) ---------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 27,219,730 1,551,902 4,708,976 2,118,590 6,583,869 Cost of investments sold 23,107,950 1,219,325 6,829,853 2,645,471 7,127,927 ---------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments 4,111,780 332,577 (2,120,877) (526,881) (544,058) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 5,400,077 940,250 3,449,780 1,072,611 1,545,624 ---------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 9,511,857 1,272,827 1,328,903 545,730 1,001,566 ---------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $9,145,842 $1,222,673 $1,224,126 $483,418 $796,482 ---------------------------------------------------------------------------------------------------------------------------- INVESCO INVESCO INVESCO JANUS ASPEN JANUS ASPEN VI INTL GRO, VI TECH, VANK VI ENTERPRISE, GLOBAL YEAR ENDED DEC. 31, 2010 (CONTINUED) SER II SER I COMSTOCK, SER II SERV TECH, SERV INVESTMENT INCOME Dividend income $ 2,108,998 $ -- $ 917,493 $ -- $ -- Variable account expenses 3,334,902 245,517 3,749,888 145,304 186,761 ---------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net (1,225,904) (245,517) (2,832,395) (145,304) (186,761) ---------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 638,696,340 5,288,476 475,468,869 4,146,110 4,999,764 Cost of investments sold 709,273,841 4,578,204 560,972,217 4,623,612 5,332,424 ---------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments (70,577,501) 710,272 (85,503,348) (477,502) (332,660) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 29,377,162 5,220,907 116,005,067 4,480,673 5,316,370 ---------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments (41,200,339) 5,931,179 30,501,719 4,003,171 4,983,710 ---------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $(42,426,243) $5,685,662 $27,669,324 $3,857,867 $4,796,949 ----------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. 154 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF OPERATIONS
JANUS ASPEN JANUS ASPEN LM CB VAR MFS MFS JANUS, OVERSEAS, SM CAP GRO, INV GRO STOCK, NEW DIS, YEAR ENDED DEC. 31, 2010 (CONTINUED) SERV SERV CL I SERV CL SERV CL INVESTMENT INCOME Dividend income $ 293,702 $ 880,711 $ -- $ 245,637 $ -- Variable account expenses 5,766,291 1,379,320 71,001 712,217 458,049 --------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net (5,472,589) (498,609) (71,001) (466,580) (458,049) --------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 1,426,207,362 27,540,136 2,727,102 19,414,777 10,059,526 Cost of investments sold 1,452,808,307 20,414,878 2,600,480 19,245,320 9,693,771 --------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments (26,600,945) 7,125,258 126,622 169,457 365,755 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 20,048,186 28,762,482 1,572,645 8,672,651 16,692,409 --------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments (6,552,759) 35,887,740 1,699,267 8,842,108 17,058,164 --------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $(12,025,348) $35,389,131 $1,628,266 $8,375,528 $16,600,115 --------------------------------------------------------------------------------------------------------------------------- MFS MS UIF MS UIF NB AMT NB AMT UTILITIES, GLOBAL REAL MID CAP GRO, INTL, SOC RESPONSIVE, YEAR ENDED DEC. 31, 2010 (CONTINUED) SERV CL EST, CL II CL II CL S CL S INVESTMENT INCOME Dividend income $6,919,526 $13,569,876 $-- $2,454,079 $610 Variable account expenses 1,960,253 1,355,269 454,566 1,242,401 27,442 --------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net 4,959,273 12,214,607 (454,566) 1,211,678 (26,832) --------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 41,903,232 215,162,329 9,687,349 290,227,385 360,572 Cost of investments sold 45,314,444 246,631,012 10,497,012 340,026,180 379,767 --------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments (3,411,212) (31,468,683) (809,663) (49,798,795) (19,195) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 24,053,603 26,653,423 15,501,356 36,056,941 624,508 --------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 20,642,391 (4,815,260) 14,691,693 (13,741,854) 605,313 --------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $25,601,664 $7,399,347 $14,237,127 $(12,530,176) $578,481 --------------------------------------------------------------------------------------------------------------------------- OPPEN OPPEN GLOBAL OPPEN MAIN ST OPPEN PIMCO GLOBAL SEC STRATEGIC INC SM MID CAP VAL VIT ALL ASSET, YEAR ENDED DEC. 31, 2010 (CONTINUED) VA, SERV VA, SRV VA, SERV VA, SERV ADVISOR CL INVESTMENT INCOME Dividend income $ 1,241,790 $222,202,129 $ 311,516 $ 40,559 $31,040,402 Variable account expenses 892,971 15,344,182 650,047 45,572 5,860,946 --------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net 348,819 206,857,947 (338,531) (5,013) 25,179,456 --------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 17,033,010 1,910,118,088 15,184,504 1,213,796 1,112,484,821 Cost of investments sold 19,003,333 1,938,516,917 16,331,187 1,375,515 1,137,949,178 --------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments (1,970,323) (28,398,829) (1,146,683) (161,719) (25,464,357) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 15,393,418 8,315,814 15,920,201 708,169 63,240,462 --------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 13,423,095 (20,083,015) 14,773,518 546,450 37,776,105 --------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $13,771,914 $186,774,932 $14,434,987 $541,437 $62,955,561 ---------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 155 STATEMENTS OF OPERATIONS
PUT VT PUT VT PUT VT PUT VT ROYCE GLOBAL HLTH CARE, INTL EQ, MULTI-CAP MULTI-CAP MICRO-CAP, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL IB CL IB GRO, CL IA GRO, CL IB(1) INVEST CL INVESTMENT INCOME Dividend income $459,691 $1,168,896 $ 398,619 $ -- $ 1,021,378 Variable account expenses 195,584 267,654 828,321 73,165 494,487 ----------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net 264,107 901,242 (429,702) (73,165) 526,891 ----------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 5,710,116 7,134,387 13,184,449 2,062,918 15,488,917 Cost of investments sold 5,527,368 9,039,395 16,792,658 1,930,947 13,229,019 ----------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments 182,748 (1,905,008) (3,608,209) 131,971 2,259,898 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments (184,979) 3,509,348 15,226,687 3,915,737 12,149,134 ----------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments (2,231) 1,604,340 11,618,478 4,047,708 14,409,032 ----------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $261,876 $2,505,582 $11,188,776 $3,974,543 $14,935,923 ----------------------------------------------------------------------------------------------------------------------------- (1) For the period Sept. 24, 2010 (commencement of operations) to Dec. 31, 2010. DISC DISC DISC DISC DISC ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, YEAR ENDED DEC. 31, 2010 (CONTINUED) AGGR CONSERV MOD MOD AGGR MOD CONSERV INVESTMENT INCOME Dividend income $ -- $ -- $ -- $ -- $ -- Variable account expenses 176,471 474,793 857,933 452,133 495,856 ----------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net (176,471) (474,793) (857,933) (452,133) (495,856) ----------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 24,239,686 57,207,300 109,186,163 65,071,455 65,522,955 Cost of investments sold 23,749,370 55,862,474 107,583,852 63,687,569 64,143,067 ----------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments 490,316 1,344,826 1,602,311 1,383,886 1,379,888 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 1,991,573 3,119,575 8,449,883 4,345,829 3,668,566 ----------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 2,481,889 4,464,401 10,052,194 5,729,715 5,048,454 ----------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $ 2,305,418 $3,989,608 $ 9,194,261 $ 5,277,582 $ 4,552,598 ----------------------------------------------------------------------------------------------------------------------------- COL VP COL VP COL VP COL VP COL VP BAL, CASH MGMT, CASH MGMT, DIV BOND, DIV BOND, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 3 CL 2(1) CL 3 CL 2(1) CL 3 INVESTMENT INCOME Dividend income $ -- $ 99 $ 51,835 $ -- $ 69,856,849 Variable account expenses 2,441,168 10,639 4,773,910 8,007 22,752,617 ----------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net (2,441,168) (10,540) (4,722,075) (8,007) 47,104,232 ----------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 339,849,846 4,024,048 863,811,505 475,642 7,525,239,396 Cost of investments sold 344,935,651 4,024,048 863,672,943 475,047 7,277,573,223 ----------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments (5,085,805) -- 138,562 595 247,666,173 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 33,411,227 -- (138,562) (595) (90,148,394) ----------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 28,325,422 -- -- -- 157,517,779 ----------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $ 25,884,254 $ (10,540) $ (4,722,075) $ (8,007) $ 204,622,011 -----------------------------------------------------------------------------------------------------------------------------
(1) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. 156 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF OPERATIONS
COL VP COL VP COL VP COL VP COL VP DIV EQ INC, DIV EQ INC, DYN EQ, DYN EQ, GLOBAL BOND, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 2(1) CL 3 CL 2(1) CL 3 CL 2(1) INVESTMENT INCOME Dividend income $ -- $ -- $ -- $ -- $ 17,493 Variable account expenses 1,952 15,073,879 79 4,121,591 3,412 ----------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net (1,952) (15,073,879) (79) (4,121,591) 14,081 ----------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 42,177 4,843,041,791 1,657 672,420,923 6,088 Cost of investments sold 40,769 5,059,958,507 1,587 700,001,398 6,122 ----------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments 1,408 (216,916,716) 70 (27,580,475) (34) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 77,823 334,606,719 2,331 95,299,948 (15,809) ----------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 79,231 117,690,003 2,401 67,719,473 (15,843) ----------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $77,279 $ 102,616,124 $2,322 $ 63,597,882 $ (1,762) ----------------------------------------------------------------------------------------------------------------------------- (1) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. COL VP COL VP GLOBAL COL VP GLOBAL COL VP COL VP GLOBAL BOND, INFLATION PROT INFLATION PROT HI YIELD HI YIELD PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 3 SEC, CL 2(1) SEC, CL 3 BOND, CL 2(1) BOND, CL 3 INVESTMENT INCOME Dividend income $ 27,823,162 $ -- $ 7,164,231 $ .-- $46,443,825 Variable account expenses 7,748,158 2,367 8,424,698 3,810 4,742,877 ----------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net 20,075,004 (2,367) (1,260,467) (3,810) 41,700,948 ----------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 2,550,615,863 41,531 3,556,384,510 15,439 617,015,687 Cost of investments sold 2,529,964,790 41,732 3,535,204,499 15,233 613,795,580 ----------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments 20,651,073 (201) 21,180,011 206 3,220,107 Distributions from capital gains -- -- 572,150 -- -- Net change in unrealized appreciation or depreciation of investments (39,422,100) (7,347) 21,301,758 51,370 17,102,759 ----------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments (18,771,027) (7,548) 43,053,919 51,576 20,322,866 ----------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $ 1,303,977 $(9,915) $ 41,793,452 $47,766 $62,023,814 ----------------------------------------------------------------------------------------------------------------------------- (1) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. COL VP COL VP COL VP COL VP COL VP INC OPP, INC OPP, LIMITED DURATION MID CAP GRO MID CAP GRO PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 2(1) CL 3 CR, CL 2(1) OPP, CL 2(1) OPP, CL 3 INVESTMENT INCOME Dividend income $ -- $ 24,758,416 $ -- $ .-- $ -- Variable account expenses 1,624 7,030,057 3,617 242 1,246,267 ----------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net (1,624) 17,728,359 (3,617) (242) (1,246,267) ----------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 108,404 2,907,734,395 273,675 410 147,175,008 Cost of investments sold 106,315 2,743,067,552 270,595 371 144,703,701 ----------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments 2,089 164,666,843 3,080 39 2,471,307 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 13,929 (130,417,313) (1,316) 12,584 27,934,463 ----------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 16,018 34,249,530 1,764 12,623 30,405,770 ----------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $ 14,394 $ 51,977,889 $ (1,853) $12,381 $ 29,159,503 -----------------------------------------------------------------------------------------------------------------------------
(1) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 157 STATEMENTS OF OPERATIONS
COL VP COL VP COL VP COL VP COL VP MID CAP VAL MID CAP VAL S&P 500, SHORT SHORT PERIOD ENDED DEC. 31, 2010 (CONTINUED) OPP, CL 2(1) OPP, CL 3 CL 3 DURATION, CL 2(1) DURATION, CL 3 INVESTMENT INCOME Dividend income $ -- $ -- $ -- $ -- $3,449,735 Variable account expenses 503 1,393,644 1,245,774 6,208 3,080,058 ------------------------------------------------------------------------------------------------------------------------------ Investment income (loss) -- net (503) (1,393,644) (1,245,774) (6,208) 369,677 ------------------------------------------------------------------------------------------------------------------------------ REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 7,843 399,217,907 180,538,180 800,320 422,142,706 Cost of investments sold 7,229 428,005,306 180,296,070 800,162 421,446,824 ------------------------------------------------------------------------------------------------------------------------------ Net realized gain (loss) on sales of investments 614 (28,787,399) 242,110 158 695,882 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 25,640 52,666,036 19,357,208 (1,149) 6,112,773 ------------------------------------------------------------------------------------------------------------------------------ Net gain (loss) on investments 26,254 23,878,637 19,599,318 (991) 6,808,655 ------------------------------------------------------------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations $25,751 $ 22,484,993 $18,353,544 $ (7,199) $7,178,332 ------------------------------------------------------------------------------------------------------------------------------ (1) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. RVS VP COL VP COL VP COL VP COL VP STRATEGIC INC, LG CAP GRO, LG CAP GRO, SELECT LG SELECT LG PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 2(1) CL 2(1) CL 3 CAP VAL, CL 2(1) CAP VAL, CL 3 INVESTMENT INCOME Dividend income $ -- $ -- $ -- $ -- $-- Variable account expenses 2,797 591 1,243,298 369 162,472 ------------------------------------------------------------------------------------------------------------------------------ Investment income (loss) -- net (2,797) (591) (1,243,298) (369) (162,472) ------------------------------------------------------------------------------------------------------------------------------ REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 62,487 13,298 222,435,374 594 19,735,261 Cost of investments sold 62,077 12,418 230,040,755 554 19,846,314 ------------------------------------------------------------------------------------------------------------------------------ Net realized gain (loss) on sales of investments 410 880 (7,605,381) 40 (111,053) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 8,046 22,723 30,500,363 14,641 3,920,379 ------------------------------------------------------------------------------------------------------------------------------ Net gain (loss) on investments 8,456 23,603 22,894,982 14,681 3,809,326 ------------------------------------------------------------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations $ 5,659 $23,012 $ 21,651,684 $14,312 $3,646,854 ------------------------------------------------------------------------------------------------------------------------------ (1) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. COL VP COL VP COL VP COL VP COL VP SELECT SM CAP SELECT SM EMER MKTS EMER MKTS INTL OPP, PERIOD ENDED DEC. 31, 2010 (CONTINUED) VAL, CL 2(1) CAP VAL, CL 3 OPP, CL 2(1) OPP, CL 3 CL 2(1) INVESTMENT INCOME Dividend income $ -- $ -- $ 1,629 $ 7,331,707 $ 95 Variable account expenses 182 511,051 3,545 4,616,879 933 ------------------------------------------------------------------------------------------------------------------------------ Investment income (loss) -- net (182) (511,051) (1,916) 2,714,828 (838) ------------------------------------------------------------------------------------------------------------------------------ REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 2,050 83,641,546 22,076 891,037,692 1,458 Cost of investments sold 1,984 85,640,435 21,802 873,172,787 1,425 ------------------------------------------------------------------------------------------------------------------------------ Net realized gain (loss) on sales of investments 66 (1,998,889) 274 17,864,905 33 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 9,311 16,499,613 103,051 24,788,289 20,045 ------------------------------------------------------------------------------------------------------------------------------ Net gain (loss) on investments 9,377 14,500,724 103,325 42,653,194 20,078 ------------------------------------------------------------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations $9,195 $13,989,673 $101,409 $ 45,368,022 $19,240 ------------------------------------------------------------------------------------------------------------------------------
(1) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. 158 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF OPERATIONS
COL VP VP VP VP AB VP AC INTL OPP, AGGR, AGGR, INTL VAL, DIV BOND, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 3 CL 2(1) CL 4(1) CL 2(2) CL 2(2) INVESTMENT INCOME Dividend income $ 2,116,991 $ -- $ -- $ 2,160 $ -- Variable account expenses 1,495,726 473,599 9,360,352 1,050 1,544 -------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net 621,265 (473,599) (9,360,352) 1,110 (1,544) -------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 192,986,250 2,805,371 126,625,006 14,923 79,041 Cost of investments sold 193,351,762 2,695,588 120,517,474 14,717 79,781 -------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments (365,512) 109,783 6,107,532 206 (740) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 16,307,746 15,983,853 255,225,133 22,193 (8,688) -------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 15,942,234 16,093,636 261,332,665 22,399 (9,428) -------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $ 16,563,499 $15,620,037 $251,972,313 $23,509 $(10,972) -------------------------------------------------------------------------------------------------------------------------- (1) For the period May 7, 2010 (commencement of operations) to Dec. 31, 2010. (2) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. VP AC VP COL VP COL VP VP GRO, WANGER INTL WANGER US CONSERV, CONSERV, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 2(1) EQ, CL 2(1) EQ, CL 2(1) CL 2(2) CL 4(2) INVESTMENT INCOME Dividend income $ -- $ 1,032 $ -- $ -- $ -- Variable account expenses 302 2,430 1,159 575,375 8,631,376 -------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net (302) (1,398) (1,159) (575,375) (8,631,376) -------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 5,985 66,064 5,318 10,595,165 176,311,572 Cost of investments sold 5,501 63,044 4,778 10,357,359 169,415,881 -------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments 484 3,020 540 237,806 6,895,691 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 11,955 84,373 71,758 4,999,406 80,730,367 -------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 12,439 87,393 72,298 5,237,212 87,626,058 -------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $12,137 $85,995 $71,139 $ 4,661,837 $ 78,994,682 -------------------------------------------------------------------------------------------------------------------------- (1) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. (2) For the period May 7, 2010 (commencement of operations) to Dec. 31, 2010. VP DAVIS VP DAVIS VP EV VP GS VP GS NY VENTURE, NY VENTURE, FLOATING RATE MID CAP VAL, MID CAP VAL, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 2(1) CL 3 INC, CL 2(1) CL 2(1) CL 3 INVESTMENT INCOME Dividend income $ -- $ -- $ -- $ -- $-- Variable account expenses 1,020 5,959,595 3,794 896 111,860 -------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net (1,020) (5,959,595) (3,794) (896) (111,860) -------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 17,534 2,972,830,219 26,822 47,229 17,266,058 Cost of investments sold 17,072 2,939,377,743 26,546 45,886 17,481,177 -------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments 462 33,452,476 276 1,343 (215,119) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 40,017 (65,360,617) 30,874 41,368 2,831,843 -------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 40,479 (31,908,141) 31,150 42,711 2,616,724 -------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $ 39,459 $ (37,867,736) $27,356 $41,815 $2,504,864 --------------------------------------------------------------------------------------------------------------------------
(1) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 159 STATEMENTS OF OPERATIONS
VP INVESCO VP JPM VP JENNISON VP MARSICO VP MFS INTL GRO, CORE BOND, MID CAP GRO, VAL, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 2(1) CL 2(1) GRO, CL 2(1) CL 2(1) CL 2(1) INVESTMENT INCOME Dividend income $416 $ -- $ -- $ -- $ -- Variable account expenses 741 2,307 696 540 690 ------------------------------------------------------------------------------------------------------------------------------ Investment income (loss) -- net (325) (2,307) (696) (540) (690) ------------------------------------------------------------------------------------------------------------------------------ REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 9,345 78,024 4,134 15,629 11,605 Cost of investments sold 9,096 79,556 4,119 14,894 11,233 ------------------------------------------------------------------------------------------------------------------------------ Net realized gain (loss) on sales of investments 249 (1,532) 15 735 372 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 18,357 (9,447) 28,459 22,337 21,004 ------------------------------------------------------------------------------------------------------------------------------ Net gain (loss) on investments 18,606 (10,979) 28,474 23,072 21,376 ------------------------------------------------------------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations $18,281 $(13,286) $27,778 $22,532 $20,686 ------------------------------------------------------------------------------------------------------------------------------ (1) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. VP VP VP MOD VP MOD VP MOD MOD, MOD, AGGR, AGGR, CONSERV, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 2(1) CL 4(1) CL 2(1) CL 4(1) CL 2(1) INVESTMENT INCOME Dividend income $ -- $ -- $ -- $ -- $ -- Variable account expenses 4,458,274 63,571,414 2,438,058 37,723,573 1,462,630 ------------------------------------------------------------------------------------------------------------------------------ Investment income (loss) -- net (4,458,274) (63,571,414) (2,438,058) (37,723,573) (1,462,630) ------------------------------------------------------------------------------------------------------------------------------ REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 14,070,565 465,801,243 7,874,458 379,110,229 7,083,890 Cost of investments sold 13,622,598 442,483,582 7,598,711 362,831,777 6,879,486 ------------------------------------------------------------------------------------------------------------------------------ Net realized gain (loss) on sales of investments 447,967 23,317,661 275,747 16,278,452 204,404 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 94,899,394 1,192,820,220 67,979,145 875,782,997 21,991,353 ------------------------------------------------------------------------------------------------------------------------------ Net gain (loss) on investments 95,347,361 1,216,137,881 68,254,892 892,061,449 22,195,757 ------------------------------------------------------------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations $90,889,087 $1,152,566,467 $65,816,834 $854,337,876 $20,733,127 ------------------------------------------------------------------------------------------------------------------------------ (1) For the period May 7, 2010 (commencement of operations) to Dec. 31, 2010. VP MOD VP MS VP NFJ VP NUVEEN VP PTNRS CONSERV, GLOBAL REAL DIVD VAL, WINSLOW SM CAP PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 4(1) EST, CL 2(2) CL 2(2) LG CAP GRO, CL 2(2) GRO, CL 2(2) INVESTMENT INCOME Dividend income $ -- $ -- $ -- $ -- $ -- Variable account expenses 19,186,173 1,444 397 77 277 ------------------------------------------------------------------------------------------------------------------------------ Investment income (loss) -- net (19,186,173) (1,444) (397) (77) (277) ------------------------------------------------------------------------------------------------------------------------------ REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 203,593,029 8,281 43,212 2,095 5,038 Cost of investments sold 193,319,157 8,144 40,753 2,091 4,868 ------------------------------------------------------------------------------------------------------------------------------ Net realized gain (loss) on sales of investments 10,273,872 137 2,459 4 170 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 265,643,577 34,068 11,188 3,168 12,932 ------------------------------------------------------------------------------------------------------------------------------ Net gain (loss) on investments 275,917,449 34,205 13,647 3,172 13,102 ------------------------------------------------------------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations $256,731,276 $32,761 $13,250 $3,095 $12,825 ------------------------------------------------------------------------------------------------------------------------------
(1) For the period May 7, 2010 (commencement of operations) to Dec. 31, 2010. (2) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. 160 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF OPERATIONS
VP PTNRS VP PTNRS VP PIMCO VP PYRAMIS VP WF SM CAP SM CAP VAL, MORTGAGE INTL EQ, SHORT DURATION PERIOD ENDED DEC. 31, 2010 (CONTINUED) VAL, CL 2(1) CL 3 BACKED SEC, CL 2(1) CL 2(1) GOVT, CL 2(1) INVESTMENT INCOME Dividend income $ -- $ -- $ -- $ 141 $ -- Variable account expenses 774 5,113,382 1,228 79 1,034 -------------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net (774) (5,113,382) (1,228) 62 (1,034) -------------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 6,410 2,152,081,021 6,717 2,605 17,972 Cost of investments sold 6,180 2,116,506,140 6,671 2,597 17,910 -------------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments 230 35,574,881 46 8 62 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 37,694 61,980,852 (620) 1,328 556 -------------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 37,924 97,555,733 (574) 1,336 618 -------------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $37,150 $ 92,442,351 $(1,802) $1,398 $ (416) -------------------------------------------------------------------------------------------------------------------------------- (1) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. WF ADV WF ADV THIRD AVE WANGER WANGER VT CORE EQ, VT INDEX YEAR ENDED DEC. 31, 2010 (CONTINUED) VAL INTL USA CL 2 ASSET ALLOC, CL 2 INVESTMENT INCOME Dividend income $ 2,081,456 $ 10,355,775 $ -- $ 175,247 $ 659,122 Variable account expenses 459,424 5,393,448 4,767,576 354,896 320,682 -------------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net 1,622,032 4,962,327 (4,767,576) (179,649) 338,440 -------------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 16,075,422 538,729,045 412,872,843 8,052,079 10,474,032 Cost of investments sold 19,904,195 531,986,708 416,609,178 7,515,673 11,920,380 -------------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments (3,828,773) 6,742,337 (3,736,335) 536,406 (1,446,348) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 8,458,141 62,797,496 99,405,079 5,247,443 5,321,932 -------------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments 4,629,368 69,539,833 95,668,744 5,783,849 3,875,584 -------------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $ 6,251,400 $ 74,502,160 $ 90,901,168 $5,604,200 $ 4,214,024 -------------------------------------------------------------------------------------------------------------------------------- WF ADV WF ADV WF ADV VT VT INTL EQ, VT OPP, SM CAP GRO, YEAR ENDED DEC. 31, 2010 (CONTINUED) CL 2 CL 2 CL 2 INVESTMENT INCOME Dividend income $ 5,719,884 $ 361,649 $ -- Variable account expenses 3,119,475 409,557 783,167 -------------------------------------------------------------------------------------------------------------------------------- Investment income (loss) -- net 2,600,409 (47,908) (783,167) -------------------------------------------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS -- NET Realized gain (loss) on sales of investments: Proceeds from sales 679,268,973 9,071,246 18,024,031 Cost of investments sold 639,223,015 10,163,483 19,062,758 -------------------------------------------------------------------------------------------------------------------------------- Net realized gain (loss) on sales of investments 40,045,958 (1,092,237) (1,038,727) Distributions from capital gains 10,310,660 -- -- Net change in unrealized appreciation or depreciation of investments (93,468,141) 11,072,855 22,371,647 -------------------------------------------------------------------------------------------------------------------------------- Net gain (loss) on investments (43,111,523) 9,980,618 21,332,920 -------------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations $ (40,511,114) $ 9,932,710 $20,549,753 --------------------------------------------------------------------------------------------------------------------------------
See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 161 STATEMENTS OF CHANGES IN NET ASSETS
AB VPS AB VPS AB VPS AB VPS AC VP GLOBAL THEMATIC GRO & INC, INTL VAL, LG CAP GRO, INTL, YEAR ENDED DEC. 31, 2010 GRO, CL B CL B CL B CL B CL I OPERATIONS Investment income (loss) -- net $ 197,994 $ (1,008,823) $ 6,867,987 $ (23,120) $ 406,211 Net realized gain (loss) on sales of investments 252,172 (9,434,165) (87,659,183) (14,866) (1,220,712) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 2,119,815 23,189,233 60,930,817 342,942 3,447,010 ------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 2,569,981 12,746,245 (19,860,379) 304,956 2,632,509 ------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 508,421 2,352,036 16,573,408 569,559 303,075 Net transfers(1) (2,006,155) (16,661,733) (238,195,599) (237,120) (3,663,090) Transfers for policy loans (3,778) 42,940 101,488 629 16,637 Adjustments to net assets allocated to contracts in payment period (30,468) (21,568) (129,298) -- 3,471 Contract charges (14,707) (98,797) (853,810) (1,971) (10,706) Contract terminations: Surrender benefits (1,223,076) (8,576,912) (31,446,228) (150,667) (3,952,876) Death benefits (51,893) (1,169,596) (4,156,360) (9,953) (201,791) ------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (2,821,656) (24,133,630) (258,106,399) 170,477 (7,505,280) ------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 17,971,619 127,984,486 647,669,201 3,203,764 28,827,243 ------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $17,719,944 $116,597,101 $ 369,702,423 $3,679,197 $23,954,472 ------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 16,688,585 135,762,252 524,099,669 3,215,342 26,333,451 Contract purchase payments 469,865 2,517,443 17,953,978 584,711 273,205 Net transfers(1) (1,980,965) (17,393,422) (262,054,685) (241,658) (3,427,267) Transfers for policy loans (3,661) 42,531 82,595 647 14,236 Contract charges (13,616) (103,245) (767,825) (1,996) (9,799) Contract terminations: Surrender benefits (1,106,037) (8,807,747) (22,918,389) (153,273) (3,544,300) Death benefits (46,133) (1,243,002) (3,219,829) (11,091) (184,157) ------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 14,008,038 110,774,810 253,175,514 3,392,682 19,455,369 -------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 162 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
AC VP AC VP AC VP AC VP AC VP INTL, MID CAP VAL, ULTRA, VAL, VAL, YEAR ENDED DEC. 31, 2010 (CONTINUED) CL II CL II CL II CL I CL II OPERATIONS Investment income (loss) -- net $ 753,578 $ 420,930 $ (137,111) $ 839,153 $ 2,314,000 Net realized gain (loss) on sales of investments 478,027 797,337 (716,752) (4,435,736) (9,629,572) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 4,760,256 9,495,889 4,628,198 10,778,322 29,785,042 ------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 5,991,861 10,714,156 3,774,335 7,181,739 22,469,470 ------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 767,304 8,617,116 535,190 835,121 5,384,091 Net transfers(1) (5,168,611) (172,589,015) (16,783) (6,800,508) (12,186,996) Transfers for policy loans 14,846 (4,652) 3,280 28,673 37,482 Adjustments to net assets allocated to contracts in payment period (13,048) (11,589) (368) 67,084 (27,327) Contract charges (43,598) (406,743) (27,835) (26,116) (162,357) Contract terminations: Surrender benefits (4,161,078) (5,036,214) (2,045,865) (10,129,522) (13,008,132) Death benefits (574,262) (598,446) (305,282) (721,302) (2,100,859) ------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (9,178,447) (170,029,543) (1,857,663) (16,746,570) (22,064,098) ------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 59,609,752 203,460,054 26,369,905 71,320,714 206,108,543 ------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $56,423,166 $ 44,144,667 $28,286,577 $ 61,755,883 $206,513,915 ------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 48,290,885 204,863,181 28,447,676 47,183,790 169,378,185 Contract purchase payments 604,673 7,822,976 560,370 539,716 4,802,282 Net transfers(1) (4,333,015) (167,208,843) 50,844 (4,475,816) (9,618,725) Transfers for policy loans 11,198 (4,472) 3,648 18,354 23,663 Contract charges (35,601) (390,525) (29,574) (16,969) (130,968) Contract terminations: Surrender benefits (3,337,680) (5,123,603) (2,161,667) (6,549,902) (10,367,665) Death benefits (471,211) (575,794) (321,485) (470,107) (1,707,431) ------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 40,729,249 39,382,920 26,549,812 36,229,066 152,379,341 -------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 163 STATEMENTS OF CHANGES IN NET ASSETS
CALVERT COL VP COL VP COL VP CS VP HI INC, MARSICO GRO, MARSICO INTL COMMODITY YEAR ENDED DEC. 31, 2010 (CONTINUED) SRI BAL CL 2 CL 1 OPP, CL 2 RETURN OPERATIONS Investment income (loss) -- net $ 139,692 $ 6,434,674 $ (6,132,764) $ (162,849) $ 5,190,875 Net realized gain (loss) on sales of investments (531,081) (586,202) (33,947,676) (6,870,243) (4,888,974) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 3,203,682 3,725,144 67,774,916 15,115,506 13,066,888 -------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 2,812,293 9,573,616 27,694,476 8,082,414 13,368,789 -------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 614,397 3,867,557 70,777,376 2,376,436 2,991,874 Net transfers(1) (1,958,419) (3,491,842) (1,529,787,605) (10,268,939) 3,322,111 Transfers for policy loans 2,141 4,400 9,951 (13,597) 11,271 Adjustments to net assets allocated to contracts in payment period (8,149) 10,765 (25,824) (22,280) 144,276 Contract charges (25,154) (122,689) (3,316,519) (53,387) (56,544) Contract terminations: Surrender benefits (1,968,783) (5,439,723) (38,494,935) (4,793,446) (7,271,496) Death benefits (188,683) (1,350,671) (6,948,335) (424,717) (574,007) -------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (3,532,650) (6,522,203) (1,507,785,891) (13,199,930) (1,432,515) -------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 27,571,546 92,024,220 1,713,729,732 78,881,552 89,247,216 -------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $26,851,189 $95,075,633 $ 233,638,317 $ 73,764,036 $101,183,490 -------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 28,365,851 79,836,582 1,831,326,765 85,819,490 100,552,858 Contract purchase payments 603,184 3,206,088 72,584,708 2,517,797 3,437,900 Net transfers(1) (1,979,578) (2,951,749) (1,641,121,539) (11,548,280) 3,426,536 Transfers for policy loans 1,881 3,304 11,219 (15,476) 13,656 Contract charges (25,001) (101,170) (3,439,390) (58,971) (65,503) Contract terminations: Surrender benefits (1,938,614) (4,470,476) (40,419,852) (5,270,866) (8,363,848) Death benefits (189,406) (1,126,858) (7,282,538) (454,579) (651,790) -------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 24,838,317 74,395,721 211,659,373 70,989,115 98,349,809 --------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 164 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
CS DREY VIF EV VT FID VIP FID VIP U.S. EQ INTL EQ, FLOATING-RATE CONTRAFUND, GRO & INC, YEAR ENDED DEC. 31, 2010 (CONTINUED) FLEX I SERV INC SERV CL 2 SERV CL OPERATIONS Investment income (loss) -- net $ (589,579) $ 34,944 $ 15,778,431 $ (441,838) $ (209,762) Net realized gain (loss) on sales of investments (2,150,617) (272,912) 25,932,186 (93,194,365) (5,506,404) Distributions from capital gains -- -- -- 216,856 -- Net change in unrealized appreciation or depreciation of investments 9,650,379 861,428 3,879,008 159,742,494 14,965,116 -------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 6,910,183 623,460 45,589,625 66,323,147 9,248,950 -------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 1,017,529 604,737 40,083,802 29,567,663 920,982 Net transfers(1) (2,904,724) (500,151) (683,380,830) (333,429,101) (8,538,021) Transfers for policy loans 131,141 (1,915) (9,221) (14,129) (3,848) Adjustments to net assets allocated to contracts in payment period (44,335) -- 38,154 (19,633) (39,582) Contract charges (54,258) (5,955) (1,647,281) (1,012,050) (38,448) Contract terminations: Surrender benefits (9,461,313) (312,015) (31,381,643) (36,310,544) (11,829,576) Death benefits (574,244) (63,031) (5,812,826) (4,104,173) (1,000,283) -------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (11,890,204) (278,330) (682,109,845) (345,321,967) (20,528,776) -------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 62,834,612 7,624,238 884,458,994 791,181,505 85,041,637 -------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $ 57,854,591 $7,969,368 $ 247,938,774 $ 512,182,685 $ 73,761,811 -------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 57,458,517 7,910,206 828,277,758 841,695,744 91,709,778 Contract purchase payments 922,291 648,116 36,533,672 30,079,981 973,381 Net transfers(1) (2,639,540) (545,290) (615,667,345) (354,317,423) (9,119,904) Transfers for policy loans 119,241 (1,965) (8,234) (12,830) (7,246) Contract charges (49,350) (6,271) (1,495,862) (1,042,059) (40,612) Contract terminations: Surrender benefits (8,544,078) (325,573) (28,220,639) (37,938,267) (12,513,988) Death benefits (522,626) (65,060) (5,244,300) (4,271,913) (1,061,705) -------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 46,744,455 7,614,163 214,175,050 474,193,233 69,939,704 --------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 165 STATEMENTS OF CHANGES IN NET ASSETS
FID VIP FID VIP FID VIP FID VIP FID VIP GRO & INC, MID CAP, MID CAP, OVERSEAS, OVERSEAS, YEAR ENDED DEC. 31, 2010 (CONTINUED) SERV CL 2 SERV CL SERV CL 2 SERV CL SERV CL 2 OPERATIONS Investment income (loss) -- net $ (620,946) $ (1,171,604) $ (6,456,065) $ 127,174 $ 299,177 Net realized gain (loss) on sales of investments (4,635,578) 10,546,288 (7,540,357) (2,661,804) (4,019,024) Distributions from capital gains -- 629,511 2,869,143 64,578 218,866 Net change in unrealized appreciation or depreciation of investments 24,859,190 36,375,225 188,052,048 6,193,586 16,036,759 -------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 19,602,666 46,379,420 176,924,769 3,723,534 12,535,778 -------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 2,287,359 2,118,764 33,890,887 463,476 2,593,545 Net transfers(1) (18,477,849) (32,028,484) (482,494,211) (5,085,943) (13,515,833) Transfers for policy loans 20,570 (29,423) (42,834) 142 12,740 Adjustments to net assets allocated to contracts in payment period (36,391) (18,649) (38,954) (74,275) (29,400) Contract charges (139,177) (87,413) (1,537,209) (14,976) (91,819) Contract terminations: Surrender benefits (11,459,793) (28,923,023) (47,891,030) (5,847,957) (7,472,386) Death benefits (2,088,406) (1,456,374) (6,536,115) (324,042) (1,142,475) -------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (29,893,687) (60,424,602) (504,649,466) (10,883,575) (19,645,628) -------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 171,003,099 205,621,358 1,036,330,592 43,185,087 129,326,025 -------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $160,712,078 $191,576,176 $ 708,605,895 $ 36,025,046 $122,216,175 -------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 168,181,247 68,537,181 705,682,334 39,540,944 103,180,204 Contract purchase payments 2,201,037 645,377 27,192,017 431,686 2,359,471 Net transfers(1) (18,036,840) (10,077,450) (373,560,136) (4,811,948) (11,059,157) Transfers for policy loans 16,474 (9,301) (31,558) 394 13,760 Contract charges (134,807) (26,775) (1,057,140) (13,985) (74,605) Contract terminations: Surrender benefits (11,032,067) (8,668,944) (25,777,941) (5,403,153) (5,933,364) Death benefits (2,056,631) (452,982) (3,782,337) (305,966) (947,222) -------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 139,138,413 49,947,106 328,665,239 29,437,972 87,539,087 --------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 166 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
FTVIPT FRANK FTVIPT FRANK FTVIPT GS VIT GS VIT GLOBAL REAL SM CAP VAL, MUTUAL SHARES MID CAP VAL, STRUCTD SM CAP YEAR ENDED DEC. 31, 2010 (CONTINUED) EST, CL 2 CL 2 SEC, CL 2 INST EQ, INST OPERATIONS Investment income (loss) -- net $ 3,328,499 $ (200,932) $ 1,129,939 $ (633,518) $ (33,559) Net realized gain (loss) on sales of investments (24,906,552) 153,545 (4,076,879) (11,010,245) (400,942) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 51,790,396 43,612,692 19,514,108 79,373,700 3,055,459 ----------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 30,212,343 43,565,305 16,567,168 67,729,937 2,620,958 ----------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 3,954,790 4,349,364 5,642,097 3,694,490 140,386 Net transfers(1) (17,455,595) (23,029,258) (14,304,142) (39,657,748) (821,301) Transfers for policy loans 124,322 32,148 32,624 65,092 9,662 Adjustments to net assets allocated to contracts in payment period (11,125) (31,296) (58,086) 9,794 (2,875) Contract charges (143,021) (122,104) (125,821) (338,804) (5,703) Contract terminations: Surrender benefits (13,260,482) (13,008,767) (10,968,078) (27,601,482) (1,316,366) Death benefits (1,659,199) (1,657,282) (1,744,577) (2,433,341) (99,284) ----------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (28,450,310) (33,467,195) (21,525,983) (66,261,999) (2,095,481) ----------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 170,846,851 183,263,851 178,999,272 326,736,273 10,406,120 ----------------------------------------------------------------------------------------------------------------------- Net assets at end of year $172,608,884 $193,361,961 $174,040,457 $328,204,211 $10,931,597 ----------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 119,954,441 108,898,566 158,712,991 151,389,396 7,753,527 Contract purchase payments 3,418,411 3,308,232 5,355,383 1,660,158 95,536 Net transfers(1) (10,749,661) (12,513,172) (12,195,190) (17,210,223) (586,077) Transfers for policy loans 78,396 20,951 28,366 23,777 6,876 Contract charges (94,998) (68,837) (109,033) (148,648) (3,878) Contract terminations: Surrender benefits (8,380,953) (6,939,862) (9,258,412) (12,139,586) (888,257) Death benefits (1,090,751) (877,596) (1,502,387) (1,051,761) (68,689) ----------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 103,134,885 91,828,282 141,031,718 122,523,113 6,309,038 -----------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 167 STATEMENTS OF CHANGES IN NET ASSETS
GS VIT INVESCO INVESCO INVESCO INVESCO STRUCTD U.S. VI CAP APPR, VI CAP APPR, VI CAP DEV, VI CAP DEV, YEAR ENDED DEC. 31, 2010 (CONTINUED) EQ, INST SER I SER II SER I SER II OPERATIONS Investment income (loss) -- net $ 923,998 $ (24,844) $ (324,465) $ (152,084) $ (271,253) Net realized gain (loss) on sales of investments (8,488,974) (3,230,846) (1,284,468) (250,160) (1,322,578) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 26,062,459 6,104,889 14,862,908 3,246,608 6,384,619 ----------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 18,497,483 2,849,199 13,253,975 2,844,364 4,790,788 ----------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 2,839,441 362,360 1,015,991 223,038 648,295 Net transfers(1) (18,635,572) (3,032,300) (8,606,043) (2,564,823) (5,853,993) Transfers for policy loans 20,892 29,659 20,595 5,328 2,052 Adjustments to net assets allocated to contracts in payment period (31,141) (6,218) (1,503) (3,695) (3,297) Contract charges (380,456) (15,537) (386,759) (9,682) (23,043) Contract terminations: Surrender benefits (13,282,281) (3,299,688) (5,774,161) (2,551,154) (1,881,971) Death benefits (1,721,817) (248,596) (736,202) (217,364) (191,235) ----------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (31,190,934) (6,210,320) (14,468,082) (5,118,352) (7,303,192) ----------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 180,207,162 25,047,908 104,160,856 19,893,721 33,383,822 ----------------------------------------------------------------------------------------------------------------------- Net assets at end of year $167,513,711 $21,686,787 $102,946,749 $17,619,733 $30,871,418 ----------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 210,014,586 32,040,575 122,706,172 12,958,770 29,643,956 Contract purchase payments 3,231,517 455,937 1,180,712 140,906 587,583 Net transfers(1) (21,172,134) (3,884,948) (9,764,571) (1,639,478) (5,028,590) Transfers for policy loans 24,225 37,332 22,327 2,797 1,485 Contract charges (435,235) (19,570) (455,916) (6,112) (19,814) Contract terminations: Surrender benefits (15,044,626) (4,127,252) (6,620,864) (1,582,205) (1,604,870) Death benefits (1,971,336) (315,596) (856,734) (137,911) (165,518) ----------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 174,646,997 24,186,478 106,211,126 9,736,767 23,414,232 -----------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 168 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
INVESCO INVESCO INVESCO INVESCO INVESCO VI CORE EQ, VI DYN, VI FIN SERV, VI FIN SERV, VI GLOBAL HLTH, YEAR ENDED DEC. 31, 2010 (CONTINUED) SER I SER I SER I SER II SER II OPERATIONS Investment income (loss) -- net $ (366,015) $ (50,154) $ (104,777) $ (62,312) $ (205,084) Net realized gain (loss) on sales of investments 4,111,780 332,577 (2,120,877) (526,881) (544,058) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 5,400,077 940,250 3,449,780 1,072,611 1,545,624 --------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 9,145,842 1,222,673 1,224,126 483,418 796,482 --------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 1,806,715 92,229 296,964 514,798 752,634 Net transfers(1) (5,624,269) (850,400) (1,171,264) 104,315 (805,391) Transfers for policy loans 250,159 1,843 3,954 741 (3,802) Adjustments to net assets allocated to contracts in payment period (151,774) (1,485) (453) (2,260) (75) Contract charges (139,742) (6,047) (13,277) (5,720) (19,353) Contract terminations: Surrender benefits (20,388,567) (477,709) (998,212) (341,801) (1,718,802) Death benefits (1,496,203) (56,429) (73,363) (32,494) (131,638) --------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (25,743,681) (1,297,998) (1,955,651) 237,579 (1,926,427) --------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 135,401,629 6,407,247 14,737,258 5,910,494 23,380,545 --------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $118,803,790 $ 6,331,922 $14,005,733 $ 6,631,491 $22,250,600 --------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 72,540,562 6,235,581 27,204,564 12,958,228 22,760,403 Contract purchase payments 977,748 84,779 524,590 1,084,098 724,823 Net transfers(1) (3,043,366) (808,374) (2,177,297) 123,079 (856,629) Transfers for policy loans 136,080 1,592 6,961 1,671 (3,725) Contract charges (75,737) (5,539) (23,662) (12,293) (18,994) Contract terminations: Surrender benefits (10,959,786) (434,998) (1,764,334) (737,733) (1,692,350) Death benefits (824,506) (51,806) (128,363) (69,308) (128,427) --------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 58,750,995 5,021,235 23,642,459 13,347,742 20,785,101 ---------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 169 STATEMENTS OF CHANGES IN NET ASSETS
INVESCO INVESCO INVESCO JANUS ASPEN JANUS ASPEN VI INTL GRO, VI TECH, VANK VI ENTERPRISE, GLOBAL YEAR ENDED DEC. 31, 2010 (CONTINUED) SER II SER I COMSTOCK, SER II SERV TECH, SERV OPERATIONS Investment income (loss) -- net $ (1,225,904) $ (245,517) $ (2,832,395) $ (145,304) $ (186,761) Net realized gain (loss) on sales of investments (70,577,501) 710,272 (85,503,348) (477,502) (332,660) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 29,377,162 5,220,907 116,005,067 4,480,673 5,316,370 ------------------------------------------------------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations (42,426,243) 5,685,662 27,669,324 3,857,867 4,796,949 ------------------------------------------------------------------------------------------------------------------------ CONTRACT TRANSACTIONS Contract purchase payments 31,005,338 390,841 23,164,023 296,199 302,473 Net transfers(1) (611,558,665) 1,327,937 (446,652,905) (1,862,932) 198,841 Transfers for policy loans (9,488) 4,406 (12,914) 8,144 19,476 Adjustments to net assets allocated to contracts in payment period (2,537) (98) (14,673) -- (37,863) Contract charges (1,428,749) (67,542) (1,536,958) (14,097) (14,958) Contract terminations: Surrender benefits (19,238,892) (1,956,748) (22,739,501) (2,147,512) (2,232,387) Death benefits (3,140,248) (184,291) (4,167,609) (24,446) (96,542) ------------------------------------------------------------------------------------------------------------------------ Increase (decrease) from contract transactions (604,373,241) (485,495) (451,960,537) (3,744,644) (1,860,960) ------------------------------------------------------------------------------------------------------------------------ Net assets at beginning of year 767,970,930 28,223,341 681,300,780 18,311,609 21,824,264 ------------------------------------------------------------------------------------------------------------------------ Net assets at end of year $ 121,171,446 $33,423,508 $ 257,009,567 $18,424,832 $24,760,253 ------------------------------------------------------------------------------------------------------------------------ ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 668,343,819 37,973,406 700,428,383 31,733,951 47,873,432 Contract purchase payments 28,158,107 508,376 24,777,403 486,209 629,453 Net transfers(1) (586,037,604) 1,724,341 (483,154,923) (3,077,980) 191,937 Transfers for policy loans (9,513) 5,948 (12,662) 13,471 40,579 Contract charges (1,261,809) (90,218) (1,527,838) (23,157) (30,987) Contract terminations: Surrender benefits (16,146,914) (2,468,031) (21,594,106) (3,449,359) (4,608,801) Death benefits (2,743,677) (242,834) (4,058,125) (41,199) (209,262) ------------------------------------------------------------------------------------------------------------------------ Units outstanding at end of year 90,302,409 37,410,988 214,858,132 25,641,936 43,886,351 ------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 170 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
JANUS ASPEN JANUS ASPEN LM CB VAR MFS MFS JANUS, OVERSEAS, SM CAP GRO, INV GRO STOCK, NEW DIS, YEAR ENDED DEC. 31, 2010 (CONTINUED) SERV SERV CL I SERV CL SERV CL OPERATIONS Investment income (loss) -- net $ (5,472,589) $ (498,609) $ (71,001) $ (466,580) $ (458,049) Net realized gain (loss) on sales of investments (26,600,945) 7,125,258 126,622 169,457 365,755 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 20,048,186 28,762,482 1,572,645 8,672,651 16,692,409 -------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations (12,025,348) 35,389,131 1,628,266 8,375,528 16,600,115 -------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 61,911,503 1,674,072 511,775 1,922,434 639,466 Net transfers(1) (1,388,790,842) (5,134,845) (643,023) (7,594,137) (2,421,528) Transfers for policy loans 11,008 (22,913) 359 24,218 23,657 Adjustments to net assets allocated to contracts in payment period (1,637) 603 -- (12,207) 26,732 Contract charges (2,969,576) (87,867) (6,744) (61,672) (43,043) Contract terminations: Surrender benefits (25,410,276) (16,064,368) (376,733) (7,087,953) (4,263,646) Death benefits (5,219,810) (1,139,295) (154,785) (718,403) (228,874) -------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (1,360,469,630) (20,774,613) (669,151) (13,527,720) (6,267,236) -------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 1,454,728,161 160,461,025 7,330,810 88,112,067 52,364,709 -------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $ 82,233,183 $175,075,543 $8,289,925 $ 82,959,875 $62,697,588 -------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 1,711,480,734 110,780,865 8,674,215 125,304,930 53,216,621 Contract purchase payments 72,359,526 1,048,717 575,955 2,301,712 583,167 Net transfers(1) (1,659,453,317) (3,538,549) (735,185) (11,127,909) (2,450,449) Transfers for policy loans 11,498 (16,529) 536 38,228 20,494 Contract charges (3,458,352) (55,310) (7,565) (86,184) (39,939) Contract terminations: Surrender benefits (29,496,429) (10,091,999) (421,520) (9,969,037) (3,883,914) Death benefits (6,130,994) (728,105) (172,324) (1,038,278) (211,320) -------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 85,312,666 97,399,090 7,914,112 105,423,462 47,234,660 --------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 171 STATEMENTS OF CHANGES IN NET ASSETS
MFS MS UIF MS UIF NB AMT NB AMT UTILITIES, GLOBAL REAL MID CAP GRO, INTL, SOC RESPONSIVE, YEAR ENDED DEC. 31, 2010 (CONTINUED) SERV CL EST, CL II CL II CL S CL S OPERATIONS Investment income (loss) -- net $ 4,959,273 $ 12,214,607 $ (454,566) $ 1,211,678 $ (26,832) Net realized gain (loss) on sales of investments (3,411,212) (31,468,683) (809,663) (49,798,795) (19,195) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 24,053,603 26,653,423 15,501,356 36,056,941 624,508 --------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 25,601,664 7,399,347 14,237,127 (12,530,176) 578,481 --------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 5,997,976 10,666,204 1,561,535 13,566,701 325,060 Net transfers(1) (21,099,655) (199,733,158) 2,032,626 (280,651,447) 328,458 Transfers for policy loans 56,631 18,079 1,610 3,092 (16,194) Adjustments to net assets allocated to contracts in payment period (16,704) 98,952 39,676 (2,558) -- Contract charges (166,908) (486,089) (35,397) (635,254) (2,930) Contract terminations: Surrender benefits (15,206,551) (8,063,239) (3,602,225) (5,413,995) (96,899) Death benefits (2,114,685) (1,305,538) (384,676) (1,037,108) (3,487) --------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (32,549,896) (198,804,789) (386,851) (274,170,569) 534,008 --------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 236,943,402 264,521,914 47,117,081 309,505,108 2,360,290 --------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $229,995,170 $ 73,116,472 $60,967,357 $ 22,804,363 $3,472,779 --------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 139,628,365 299,590,214 46,533,070 379,110,356 2,502,691 Contract purchase payments 4,063,093 11,749,389 1,354,752 16,083,679 317,555 Net transfers(1) (12,442,535) (231,509,919) 1,472,668 (362,495,084) 322,553 Transfers for policy loans 32,653 19,644 1,544 3,639 (14,950) Contract charges (99,444) (538,424) (31,615) (774,923) (2,943) Contract terminations: Surrender benefits (8,485,637) (8,784,942) (3,199,275) (6,758,462) (94,840) Death benefits (1,237,084) (1,429,274) (334,285) (1,277,468) (3,302) --------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 121,459,411 69,096,688 45,796,859 23,891,737 3,026,764 ---------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 172 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
OPPEN OPPEN GLOBAL OPPEN MAIN ST OPPEN PIMCO GLOBAL SEC STRATEGIC INC SM MID CAP VAL VIT ALL ASSET, YEAR ENDED DEC. 31, 2010 (CONTINUED) VA, SERV VA, SRV VA, SERV VA, SERV ADVISOR CL OPERATIONS Investment income (loss) -- net $ 348,819 $ 206,857,947 $ (338,531) $ (5,013) $ 25,179,456 Net realized gain (loss) on sales of investments (1,970,323) (28,398,829) (1,146,683) (161,719) (25,464,357) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 15,393,418 8,315,814 15,920,201 708,169 63,240,462 --------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 13,771,914 186,774,932 14,434,987 541,437 62,955,561 --------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 3,983,774 93,709,200 2,154,231 221,536 54,499,432 Net transfers(1) (3,621,008) (1,769,293,079) (8,020,654) (304,173) (1,032,754,941) Transfers for policy loans 37,112 84,050 15,233 2,870 (56,196) Adjustments to net assets allocated to contracts in payment period (12,217) (122,240) (9,119) -- 463,073 Contract charges (75,173) (4,247,709) (53,834) (3,226) (2,329,161) Contract terminations: Surrender benefits (7,194,480) (109,667,300) (4,934,990) (231,275) (32,567,132) Death benefits (1,027,974) (18,038,642) (548,819) (16,894) (5,955,807) --------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (7,909,966) (1,807,575,720) (11,397,952) (331,162) (1,018,700,732) --------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 101,815,668 2,606,148,542 73,523,240 4,443,201 1,199,776,049 --------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $107,677,616 $ 985,347,754 $ 76,560,275 $4,653,476 $ 244,030,878 --------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 82,308,513 2,168,384,445 67,776,886 5,239,496 1,054,508,354 Contract purchase payments 3,407,485 77,506,665 1,997,782 250,363 46,444,068 Net transfers(1) (3,023,729) (1,437,995,631) (6,867,818) (366,497) (874,047,668) Transfers for policy loans 27,707 65,136 13,429 3,388 (47,702) Contract charges (59,804) (3,437,237) (46,943) (3,729) (1,991,500) Contract terminations: Surrender benefits (5,554,341) (84,239,515) (4,136,684) (272,535) (27,482,458) Death benefits (822,618) (14,059,888) (486,951) (20,992) (5,012,444) --------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 76,283,213 706,223,975 58,249,701 4,829,494 192,370,650 ---------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 173 STATEMENTS OF CHANGES IN NET ASSETS
PUT VT PUT VT PUT VT PUT VT ROYCE GLOBAL HLTH CARE, INTL EQ, MULTI-CAP MULTI-CAP MICRO-CAP, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL IB CL IB GRO, CL IA GRO, CL IB(2) INVEST CL OPERATIONS Investment income (loss) -- net $ 264,107 $ 901,242 $ (429,702) $ (73,165) $ 526,891 Net realized gain (loss) on sales of investments 182,748 (1,905,008) (3,608,209) 131,971 2,259,898 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments (184,979) 3,509,348 15,226,687 3,915,737 12,149,134 ----------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 261,876 2,505,582 11,188,776 3,974,543 14,935,923 ----------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 326,136 393,404 1,328,675 145,887 550,125 Net transfers(1) (3,474,771) (4,425,320) (2,446,926) 30,465,480 (5,866,785) Transfers for policy loans 15,181 16,746 176,878 4,656 23,815 Adjustments to net assets allocated to contracts in payment period (2,774) (2,892) (67,978) 58,881 9,047 Contract charges (22,005) (24,398) (95,396) (8,809) (21,644) Contract terminations: Surrender benefits (1,542,079) (2,231,231) (10,477,169) (1,203,267) (8,394,116) Death benefits (197,185) (209,724) (728,742) (91,564) (463,598) ----------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (4,897,497) (6,483,415) (12,310,658) 29,371,264 (14,163,156) ----------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 26,090,705 36,019,319 71,207,360 -- 61,287,688 ----------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $21,455,084 $32,041,486 $ 70,085,478 $33,345,807 $ 62,060,455 ----------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 23,152,854 29,797,644 57,178,024 -- 20,125,077 Contract purchase payments 291,731 329,022 1,050,293 136,202 169,750 Net transfers(1) (3,151,720) (3,766,024) (1,981,365) 30,510,722 (1,820,764) Transfers for policy loans 13,615 14,033 141,118 4,544 7,393 Contract charges (19,787) (20,688) (75,368) (8,263) (6,721) Contract terminations: Surrender benefits (1,374,961) (1,870,409) (8,212,582) (1,123,934) (2,538,792) Death benefits (177,390) (181,124) (585,527) (84,948) (143,704) ----------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 18,734,342 24,302,454 47,514,593 29,434,323 15,792,239 -----------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. (2) For the period Sept. 24, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. 174 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
DISC DISC DISC DISC DISC ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, YEAR ENDED DEC. 31, 2010 (CONTINUED) AGGR CONSERV MOD MOD AGGR MOD CONSERV OPERATIONS Investment income (loss) -- net $ (176,471) $ (474,793) $ (857,933) $ (452,133) $ (495,856) Net realized gain (loss) on sales of investments 490,316 1,344,826 1,602,311 1,383,886 1,379,888 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 1,991,573 3,119,575 8,449,883 4,345,829 3,668,566 ------------------------------------------------------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations 2,305,418 3,989,608 9,194,261 5,277,582 4,552,598 ------------------------------------------------------------------------------------------------------------------------ CONTRACT TRANSACTIONS Contract purchase payments 1,346,425 6,979,844 6,213,264 3,947,114 3,642,624 Net transfers(1) 296,591 13,552,021 19,368,172 2,142,885 7,359,873 Transfers for policy loans (812) 2,553 (35,809) 16,594 (24,874) Adjustments to net assets allocated to contracts in payment period (7,648) (27,936) (338,713) 651,086 57,867 Contract charges (16,509) (31,831) (75,299) (38,598) (36,925) Contract terminations: Surrender benefits (1,094,514) (4,771,961) (7,303,451) (6,064,910) (4,640,100) Death benefits -- (1,076,000) (843,090) (37,277) (662,651) ------------------------------------------------------------------------------------------------------------------------ Increase (decrease) from contract transactions 523,533 14,626,690 16,985,074 616,894 5,695,814 ------------------------------------------------------------------------------------------------------------------------ Net assets at beginning of year 20,064,451 40,526,476 84,706,203 49,629,582 50,887,022 ------------------------------------------------------------------------------------------------------------------------ Net assets at end of year $22,893,402 $59,142,774 $110,885,538 $55,524,058 $61,135,434 ------------------------------------------------------------------------------------------------------------------------ ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 22,913,891 41,486,407 92,895,008 54,997,404 54,339,773 Contract purchase payments 1,465,285 7,038,131 6,722,091 4,407,296 3,762,028 Net transfers(1) 277,411 13,634,077 20,505,169 1,636,915 7,297,311 Transfers for policy loans (1,222) 2,307 (41,895) 21,869 (27,132) Contract charges (18,651) (31,671) (81,181) (42,726) (38,452) Contract terminations: Surrender benefits (1,241,757) (4,757,457) (7,802,632) (6,725,446) (4,819,203) Death benefits -- (1,070,082) (891,523) (41,680) (689,040) ------------------------------------------------------------------------------------------------------------------------ Units outstanding at end of year 23,394,957 56,301,712 111,305,037 54,253,632 59,825,285 ------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 175 STATEMENTS OF CHANGES IN NET ASSETS
COL VP COL VP COL VP COL VP COL VP BAL, CASH MGMT, CASH MGMT, DIV BOND, DIV BOND, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 3 CL 2(2) CL 3 CL 2(2) CL 3 OPERATIONS Investment income (loss) -- net $ (2,441,168) $ (10,540) $ (4,722,075) $ (8,007) $ 47,104,232 Net realized gain (loss) on sales of investments (5,085,805) -- 138,562 595 247,666,173 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 33,411,227 -- (138,562) (595) (90,148,394) -------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 25,884,254 (10,540) (4,722,075) (8,007) 204,622,011 -------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 3,877,166 6,812,173 52,824,512 3,333,130 155,781,344 Net transfers(1) (21,786,691) (2,931,783) (140,400,885) (33,864) (3,152,563,948) Transfers for policy loans 196,450 -- 513,820 -- 72,638 Adjustments to net assets allocated to contracts in payment period (495,113) -- (921,627) -- (2,147,284) Contract charges (216,641) -- (397,777) -- (7,273,101) Contract terminations: Surrender benefits (25,479,905) (69,661) (122,905,777) (40,011) (164,376,776) Death benefits (4,086,392) -- (11,265,911) -- (30,654,459) -------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (47,991,126) 3,810,729 (222,553,645) 3,259,255 (3,201,161,586) -------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 264,040,866 -- 644,738,245 -- 4,158,300,208 -------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $241,933,994 $ 3,800,189 $ 417,462,525 $3,251,248 $ 1,161,760,633 -------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 221,592,312 -- 554,428,142 -- 3,271,423,264 Contract purchase payments 3,266,575 6,808,915 48,538,439 3,272,896 130,465,162 Net transfers(1) (19,860,531) (2,939,594) (126,357,609) (36,171) (2,485,027,798) Transfers for policy loans 141,111 -- 437,927 -- 36,456 Contract charges (175,871) -- (342,914) -- (5,732,639) Contract terminations: Surrender benefits (19,591,011) (67,922) (105,324,156) (38,780) (115,164,209) Death benefits (3,368,730) -- (9,866,781) -- (22,217,725) -------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 182,003,855 3,801,399 361,513,048 3,197,945 773,782,511 --------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. (2) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. 176 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
COL VP COL VP COL VP COL VP COL VP DIV EQ INC, DIV EQ INC, DYN EQ, DYN EQ, GLOBAL BOND, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 2(2) CL 3 CL 2(2) CL 3 CL 2(2) OPERATIONS Investment income (loss) -- net $ (1,952) $ (15,073,879) $ (79) $ (4,121,591) $ 14,081 Net realized gain (loss) on sales of investments 1,408 (216,916,716) 70 (27,580,475) (34) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 77,823 334,606,719 2,331 95,299,948 (15,809) ----------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 77,279 102,616,124 2,322 63,597,882 (1,762) ----------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 1,014,198 92,051,221 26,107 7,650,561 1,660,720 Net transfers(1) 84,940 (1,782,832,501) (73) (34,320,107) 35,339 Transfers for policy loans -- 257,791 -- 670,981 -- Adjustments to net assets allocated to contracts in payment period -- (1,127,449) -- (826,577) -- Contract charges -- (4,317,914) -- (937,445) -- Contract terminations: Surrender benefits (5,900) (112,200,136) (1,533) (46,301,770) (1,586) Death benefits -- (16,749,166) -- (5,558,620) -- ----------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions 1,093,238 (1,824,918,154) 24,501 (79,622,977) 1,694,473 ----------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year -- 2,726,249,812 -- 452,226,794 -- ----------------------------------------------------------------------------------------------------------------------- Net assets at end of year $1,170,517 $ 1,003,947,782 $26,823 $436,201,699 $1,692,711 ----------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year -- 2,438,725,671 -- 566,618,462 -- Contract purchase payments 899,638 94,250,284 23,491 9,072,675 1,595,218 Net transfers(1) 74,828 (1,779,312,553) (63) (44,893,588) 34,114 Transfers for policy loans -- 176,252 -- 731,110 -- Contract charges -- (4,016,750) -- (1,190,210) -- Contract terminations: Surrender benefits (5,016) (84,193,146) (1,356) (52,619,751) (964) Death benefits -- (13,489,265) -- (6,665,739) -- ----------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 969,450 652,140,493 22,072 471,052,959 1,628,368 -----------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. (2) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 177 STATEMENTS OF CHANGES IN NET ASSETS
COL VP COL VP GLOBAL COL VP GLOBAL COL VP COL VP GLOBAL BOND, INFLATION PROT INFLATION PROT HI YIELD HI YIELD PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 3 SEC, CL 2(2) SEC, CL 3 BOND, CL 2(2) BOND, CL 3 OPERATIONS Investment income (loss) -- net $ 20,075,004 $ (2,367) $ (1,260,467) $ (3,810) $ 41,700,948 Net realized gain (loss) on sales of investments 20,651,073 (201) 21,180,011 206 3,220,107 Distributions from capital gains -- -- 572,150 -- -- Net change in unrealized appreciation or depreciation of investments (39,422,100) (7,347) 21,301,758 51,370 17,102,759 ------------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 1,303,977 (9,915) 41,793,452 47,766 62,023,814 ------------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 52,315,891 1,184,388 72,931,971 1,706,454 7,579,345 Net transfers(1) (1,002,429,736) 33,133 (1,558,037,035) 340,872 (44,462,963) Transfers for policy loans (14,861) -- (5,675) -- 52,162 Adjustments to net assets allocated to contracts in payment period (696,838) -- (728,876) -- (961,810) Contract charges (2,448,961) -- (3,596,140) -- (318,445) Contract terminations: Surrender benefits (57,012,085) (16,744) (48,581,431) (5,751) (53,474,152) Death benefits (9,541,612) -- (9,844,519) -- (6,647,730) ------------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (1,019,828,202) 1,200,777 (1,547,861,705) 2,041,575 (98,233,593) ------------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 1,428,993,482 -- 1,785,469,297 -- 537,691,390 ------------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $ 410,469,257 $1,190,862 $ 279,401,044 $2,089,341 $501,481,611 ------------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 1,026,842,051 -- 1,530,203,463 -- 348,000,332 Contract purchase payments 41,899,625 1,155,463 62,545,772 1,615,441 5,207,480 Net transfers(1) (776,324,762) 31,812 (1,310,531,100) 324,801 (27,822,516) Transfers for policy loans (12,432) -- (5,232) -- 31,704 Contract charges (1,814,226) -- (3,054,873) -- (197,691) Contract terminations: Surrender benefits (36,368,687) (15,896) (40,801,552) (4,947) (32,355,483) Death benefits (6,490,548) -- (8,284,652) -- (4,065,140) ------------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 247,731,021 1,171,379 230,071,826 1,935,295 288,798,686 -------------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. (2) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. 178 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
COL VP COL VP COL VP COL VP COL VP INC OPP, INC OPP, LIMITED DURATION MID CAP GRO MID CAP GRO PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 2(2) CL 3 CR, CL 2(2) OPP, CL 2(2) OPP, CL 3 OPERATIONS Investment income (loss) -- net $ (1,624) $ 17,728,359 $ (3,617) $ (242) $ (1,246,267) Net realized gain (loss) on sales of investments 2,089 164,666,843 3,080 39 2,471,307 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 13,929 (130,417,313) (1,316) 12,584 27,934,463 -------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 14,394 51,977,889 (1,853) 12,381 29,159,503 -------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 830,370 64,048,267 1,348,931 102,156 3,024,310 Net transfers(1) (39,791) (1,415,397,331) (76,850) 12,409 (5,478,948) Transfers for policy loans -- (18,210) -- -- 84,608 Adjustments to net assets allocated to contracts in payment period -- (426,450) -- -- (91,426) Contract charges -- (3,019,074) -- -- (127,522) Contract terminations: Surrender benefits (1,624) (38,089,233) (43,628) (48) (13,718,488) Death benefits -- (7,801,131) -- -- (1,406,035) -------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions 788,955 (1,400,703,162) 1,228,453 114,517 (17,713,501) -------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year -- 1,564,362,360 -- -- 128,718,912 -------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $803,349 $ 215,637,087 $1,226,600 $126,898 $140,164,914 -------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year -- 1,240,487,789 -- -- 114,747,012 Contract purchase payments 790,215 50,732,854 1,329,113 88,560 2,609,402 Net transfers(1) (39,000) (1,105,849,134) (73,614) 11,307 (4,210,880) Transfers for policy loans -- (14,235) -- -- 84,594 Contract charges -- (2,344,188) -- -- (108,541) Contract terminations: Surrender benefits (868) (28,571,686) (42,595) -- (11,874,336) Death benefits -- (5,929,445) -- -- (1,199,339) -------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 750,347 148,511,955 1,212,904 99,867 100,047,912 --------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. (2) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 179 STATEMENTS OF CHANGES IN NET ASSETS
COL VP COL VP COL VP COL VP COL VP MID CAP VAL MID CAP VAL S&P 500, SHORT SHORT PERIOD ENDED DEC. 31, 2010 (CONTINUED) OPP, CL 2(2) OPP, CL 3 CL 3 DURATION, CL 2(2) DURATION, CL 3 OPERATIONS Investment income (loss) -- net $ (503) $ (1,393,644) $ (1,245,774) $ (6,208) $ 369,677 Net realized gain (loss) on sales of investments 614 (28,787,399) 242,110 158 695,882 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 25,640 52,666,036 19,357,208 (1,149) 6,112,773 ------------------------------------------------------------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations 25,751 22,484,993 18,353,544 (7,199) 7,178,332 ------------------------------------------------------------------------------------------------------------------------------ CONTRACT TRANSACTIONS Contract purchase payments 148,909 6,822,315 3,729,306 2,506,732 13,997,344 Net transfers(1) 83,781 (119,178,844) (11,167,535) (541,566) (6,117,815) Transfers for policy loans -- 29,279 (56,673) -- 29,793 Adjustments to net assets allocated to contracts in payment period -- (36,853) (92,396) -- (495,712) Contract charges -- (314,702) (114,853) -- (220,581) Contract terminations: Surrender benefits (299) (8,658,180) (12,042,263) (13,141) (34,272,456) Death benefits -- (1,307,954) (1,671,815) -- (4,701,380) ------------------------------------------------------------------------------------------------------------------------------ Increase (decrease) from contract transactions 232,391 (122,644,939) (21,416,229) 1,952,025 (31,780,807) ------------------------------------------------------------------------------------------------------------------------------ Net assets at beginning of year -- 220,335,702 151,756,150 -- 345,898,636 ------------------------------------------------------------------------------------------------------------------------------ Net assets at end of year $258,142 $ 120,175,756 $148,693,465 $1,944,826 $321,296,161 ------------------------------------------------------------------------------------------------------------------------------ ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year -- 218,176,420 181,918,465 -- 275,348,728 Contract purchase payments 130,136 6,969,598 4,144,430 2,495,924 12,373,935 Net transfers(1) 74,368 (121,260,712) (13,346,913) (539,631) (5,646,708) Transfers for policy loans -- 26,121 (63,295) -- 15,179 Contract charges -- (304,658) (134,390) -- (173,646) Contract terminations: Surrender benefits (213) (7,799,622) (14,115,420) (12,654) (26,703,859) Death benefits -- (1,220,831) (1,948,741) -- (3,679,398) ------------------------------------------------------------------------------------------------------------------------------ Units outstanding at end of year 204,291 94,586,316 156,454,136 1,943,639 251,534,231 ------------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. (2) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. 180 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
RVS VP COL VP COL VP COL VP COL VP STRATEGIC INC, LG CAP GRO, LG CAP GRO, SELECT LG SELECT LG PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 2(2) CL 2(2) CL 3 CAP VAL, CL 2(2) CAP VAL, CL 3 OPERATIONS Investment income (loss) -- net $ (2,797) $ (591) $ (1,243,298) $ (369) $ (162,472) Net realized gain (loss) on sales of investments 410 880 (7,605,381) 40 (111,053) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 8,046 22,723 30,500,363 14,641 3,920,379 ---------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 5,659 23,012 21,651,684 14,312 3,646,854 ---------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 1,264,719 293,431 3,470,611 144,086 371,139 Net transfers(1) 76,094 5,708 (15,018,400) 30,466 9,895,575 Transfers for policy loans -- -- 44,965 -- 6,244 Adjustments to net assets allocated to contracts in payment period -- -- (208,833) -- (5,030) Contract charges -- -- (167,249) -- (15,333) Contract terminations: Surrender benefits (2,780) (7,848) (13,261,510) (104) (1,506,946) Death benefits -- -- (1,612,657) -- (103,255) ---------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions 1,338,033 291,291 (26,753,073) 174,448 8,642,394 ---------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year -- -- 155,167,654 -- 13,058,159 ---------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $1,343,692 $314,303 $150,066,265 $188,760 $25,347,407 ---------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year -- -- 263,512,068 -- 13,446,905 Contract purchase payments 1,218,837 261,525 5,277,961 129,856 369,419 Net transfers(1) 73,304 5,309 (25,515,035) 27,122 9,581,519 Transfers for policy loans -- -- 70,292 -- 5,858 Contract charges -- -- (274,323) -- (14,846) Contract terminations: Surrender benefits (2,094) (6,771) (21,449,120) (31) (1,424,318) Death benefits -- -- (2,787,130) -- (102,857) ---------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 1,290,047 260,063 218,834,713 156,947 21,861,680 ----------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. (2) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 181 STATEMENTS OF CHANGES IN NET ASSETS
COL VP COL VP COL VP COL VP COL VP SELECT SM CAP SELECT SM EMER MKTS EMER MKTS INTL OPP, PERIOD ENDED DEC. 31, 2010 (CONTINUED) VAL, CL 2(2) CAP VAL, CL 3 OPP, CL 2(2) OPP, CL 3 CL 2(2) OPERATIONS Investment income (loss) -- net $ (182) $ (511,051) $ (1,916) $ 2,714,828 $ (838) Net realized gain (loss) on sales of investments 66 (1,998,889) 274 17,864,905 33 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 9,311 16,499,613 103,051 24,788,289 20,045 ------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 9,195 13,989,673 101,409 45,368,022 19,240 ------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 131,586 1,305,083 1,700,091 22,035,548 426,310 Net transfers(1) 14,033 (1,843,250) 204,742 (259,458,371) 43,588 Transfers for policy loans -- 25,359 -- 140,676 -- Adjustments to net assets allocated to contracts in payment period -- (4,089) -- (202,785) -- Contract charges -- (51,082) -- (996,325) -- Contract terminations: Surrender benefits (48) (5,487,859) (10,760) (38,825,134) (1,695) Death benefits -- (512,029) -- (3,222,646) -- ------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions 145,571 (6,567,867) 1,894,073 (280,529,037) 468,203 ------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year -- 59,042,887 -- 657,160,553 -- ------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $154,766 $66,464,693 $1,995,482 $ 421,999,538 $487,443 ------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year -- 43,222,203 -- 361,472,294 -- Contract purchase payments 109,586 1,079,416 1,470,432 13,947,795 371,581 Net transfers(1) 11,852 (951,431) 176,531 (174,793,940) 37,428 Transfers for policy loans -- 17,629 -- 70,205 -- Contract charges -- (35,368) -- (559,285) -- Contract terminations: Surrender benefits -- (3,682,279) (8,416) (18,974,167) (897) Death benefits -- (366,640) -- (1,710,951) -- ------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 121,438 39,283,530 1,638,547 179,451,951 408,112 -------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. (2) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. 182 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
COL VP VP VP VP AB VP AC INTL OPP, AGGR, AGGR, INTL VAL, DIV BOND, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 3 CL 2(2) CL 4(2) CL 2(3) CL 2(3) OPERATIONS Investment income (loss) -- net $ 621,265 $ (473,599) $ (9,360,352) $ 1,110 $ (1,544) Net realized gain (loss) on sales of investments (365,512) 109,783 6,107,532 206 (740) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 16,307,746 15,983,853 255,225,133 22,193 (8,688) ----------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 16,563,499 15,620,037 251,972,313 23,509 (10,972) ----------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 2,767,047 148,930,242 24,073,001 313,776 745,862 Net transfers(1) (13,348,632) 44,667,837 1,593,345,660 166,062 36,049 Transfers for policy loans 125,931 12,878 (8,242) -- -- Adjustments to net assets allocated to contracts in payment period (181,188) 2,374 (59,262) -- -- Contract charges (122,711) (15,614) (5,992,587) -- -- Contract terminations: Surrender benefits (18,232,397) (515,452) (39,922,340) (632) (19,427) Death benefits (1,844,725) -- (2,290,224) -- -- ----------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (30,836,675) 193,082,265 1,569,146,006 479,206 762,484 ----------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 163,378,151 -- -- -- -- ----------------------------------------------------------------------------------------------------------------------- Net assets at end of year $149,104,975 $208,702,302 $1,821,118,319 $502,715 $751,512 ----------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 153,422,637 -- -- -- -- Contract purchase payments 2,590,403 142,913,365 23,688,625 280,496 734,138 Net transfers(1) (13,698,528) 43,583,589 1,646,541,101 145,358 33,714 Transfers for policy loans 107,202 12,507 (13,497) -- -- Contract charges (114,360) (15,059) (5,859,979) -- -- Contract terminations: Surrender benefits (16,241,672) (490,414) (38,848,199) (201) (18,641) Death benefits (1,838,052) -- (2,190,223) -- -- ----------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 124,227,630 186,003,988 1,623,317,828 425,653 749,211 -----------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. (2) For the period May 7, 2010 (commencement of operations) to Dec. 31, 2010. (3) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 183 STATEMENTS OF CHANGES IN NET ASSETS
VP AC VP COL VP COL VP VP GRO, WANGER INTL WANGER US CONSERV, CONSERV, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 2(2) EQ, CL 2(2) EQ, CL 2(2) CL 2(3) CL 4(3) OPERATIONS Investment income (loss) -- net $ (302) $ (1,398) $ (1,159) $ (575,375) $ (8,631,376) Net realized gain (loss) on sales of investments 484 3,020 540 237,806 6,895,691 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 11,955 84,373 71,758 4,999,406 80,730,367 ---------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 12,137 85,995 71,139 4,661,837 78,994,682 ---------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 93,195 1,089,398 527,447 118,278,678 14,899,237 Net transfers(1) 75,819 46,322 91,587 65,621,819 1,402,459,508 Transfers for policy loans -- -- -- 4,471 (42,351) Adjustments to net assets allocated to contracts in payment period -- -- -- (24,789) (2,778,537) Contract charges -- -- -- (34,305) (4,410,305) Contract terminations: Surrender benefits (70) (4,075) (769) (4,114,301) (70,538,238) Death benefits -- -- -- (299,575) (8,638,360) ---------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions 168,944 1,131,645 618,265 179,431,998 1,330,950,954 ---------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------------- Net assets at end of year $181,081 $1,217,640 $689,404 $184,093,835 $1,409,945,636 ---------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year -- -- -- -- -- Contract purchase payments 81,164 970,166 454,273 115,700,626 14,732,602 Net transfers(1) 68,520 40,002 80,409 64,827,897 1,416,847,020 Transfers for policy loans -- -- -- 4,158 (41,145) Contract charges -- -- -- (33,551) (4,330,874) Contract terminations: Surrender benefits -- (2,846) (537) (4,004,712) (69,244,963) Death benefits -- -- -- (289,990) (8,434,296) ---------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 149,684 1,007,322 534,145 176,204,428 1,349,528,344 ----------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. (2) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. (3) For the period May 7, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. 184 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
VP DAVIS VP DAVIS VP EV VP GS VP GS NY VENTURE, NY VENTURE, FLOATING RATE MID CAP VAL, MID CAP VAL, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 2(2) CL 3 INC, CL 2(2) CL 2(2) CL 3 OPERATIONS Investment income (loss) -- net $ (1,020) $ (5,959,595) $ (3,794) $ (896) $ (111,860) Net realized gain (loss) on sales of investments 462 33,452,476 276 1,343 (215,119) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 40,017 (65,360,617) 30,874 41,368 2,831,843 ------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 39,459 (37,867,736) 27,356 41,815 2,504,864 ------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 319,953 65,308,756 1,216,071 379,027 383,210 Net transfers(1) 91,815 (1,449,781,491) 407,350 83,484 (378,263) Transfers for policy loans -- (15,725) -- -- (13,681) Adjustments to net assets allocated to contracts in payment period -- (348,902) -- -- (1,693) Contract charges -- (3,178,387) -- -- (12,802) Contract terminations: Surrender benefits (503) (25,254,664) (4,728) (572) (918,006) Death benefits -- (5,206,547) -- -- (127,645) ------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions 411,265 (1,418,476,960) 1,618,693 461,939 (1,068,880) ------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year -- 1,518,918,654 -- -- 12,879,055 ------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $450,724 $ 62,573,958 $1,646,049 $503,754 $14,315,039 ------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year -- 1,684,962,624 -- -- 11,505,750 Contract purchase payments 302,206 70,650,068 1,173,735 335,243 345,791 Net transfers(1) 85,655 (1,655,433,687) 393,284 74,628 (268,000) Transfers for policy loans -- (17,980) -- -- (11,870) Contract charges -- (3,453,674) -- -- (10,781) Contract terminations: Surrender benefits (382) (27,691,465) (2,096) (424) (773,677) Death benefits -- (5,782,100) -- -- (111,473) ------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 387,479 63,233,786 1,564,923 409,447 10,675,740 -------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. (2) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 185 STATEMENTS OF CHANGES IN NET ASSETS
VP INVESCO VP JPM VP JENNISON VP MARSICO VP MFS INTL GRO, CORE BOND, MID CAP GRO, VAL, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 2(2) CL 2(2) GRO, CL 2(2) CL 2(2) CL 2(2) OPERATIONS Investment income (loss) -- net $ (325) $ (2,307) $ (696) $ (540) $ (690) Net realized gain (loss) on sales of investments 249 (1,532) 15 735 372 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 18,357 (9,447) 28,459 22,337 21,004 ----------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 18,281 (13,286) 27,778 22,532 20,686 ----------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 355,154 1,076,629 250,964 195,840 265,997 Net transfers(1) 36,183 75,153 43,145 39,076 10,829 Transfers for policy loans -- -- -- -- -- Adjustments to net assets allocated to contracts in payment period -- -- -- -- -- Contract charges -- -- -- -- -- Contract terminations: Surrender benefits (2,921) (622) (117) (282) (3,917) Death benefits -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions 388,416 1,151,160 293,992 234,634 272,909 ----------------------------------------------------------------------------------------------------------------- Net assets at beginning of year -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- Net assets at end of year $406,697 $1,137,874 $321,770 $257,166 $293,595 ----------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year -- -- -- -- -- Contract purchase payments 319,826 1,059,178 231,579 173,528 247,460 Net transfers(1) 31,886 72,448 38,921 34,313 10,020 Transfers for policy loans -- -- -- -- -- Contract charges -- -- -- -- -- Contract terminations: Surrender benefits (2,027) (100) (51) (164) (3,416) Death benefits -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 349,685 1,131,526 270,449 207,677 254,064 -----------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. (2) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. 186 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
VP VP VP MOD VP MOD VP MOD MOD, MOD, AGGR, AGGR, CONSERV, PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 2(2) CL 4(2) CL 2(2) CL 4(2) CL 2(2) OPERATIONS Investment income (loss) -- net $ (4,458,274) $ (63,571,414) $ (2,438,058) $ (37,723,573) $ (1,462,630) Net realized gain (loss) on sales of investments 447,967 23,317,661 275,747 16,278,452 204,404 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 94,899,394 1,192,820,220 67,979,145 875,782,997 21,991,353 ----------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 90,889,087 1,152,566,467 65,816,834 854,337,876 20,733,127 ----------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 1,282,267,148 118,832,595 733,351,874 81,614,864 354,928,997 Net transfers(1) 371,556,132 10,729,013,689 196,176,339 6,427,712,067 149,190,866 Transfers for policy loans (219,438) 154,048 (151,804) (164,046) (109,950) Adjustments to net assets allocated to contracts in payment period (97,702) (4,289,698) 4,752 (882,708) 4,757 Contract charges (101,570) (38,048,690) (71,529) (22,839,258) (53,694) Contract terminations: Surrender benefits (10,986,861) (361,840,863) (3,169,495) (170,650,827) (3,864,637) Death benefits (313,670) (38,548,074) (428,971) (12,388,631) (733,121) ----------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions 1,642,104,039 10,405,273,007 925,711,166 6,302,401,461 499,363,218 ----------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $1,732,993,126 $11,557,839,474 $991,528,000 $7,156,739,337 $520,096,345 ----------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year -- -- -- -- -- Contract purchase payments 1,234,514,922 116,856,585 704,966,304 80,058,980 344,622,516 Net transfers(1) 360,920,021 10,872,230,136 190,348,839 6,549,756,193 146,114,386 Transfers for policy loans (212,076) 144,671 (142,515) (165,576) (106,446) Contract charges (96,982) (36,962,238) (68,616) (22,200,340) (51,755) Contract terminations: Surrender benefits (10,470,444) (348,263,929) (2,954,110) (164,561,495) (3,721,973) Death benefits (292,201) (37,056,404) (403,083) (11,848,551) (700,398) ----------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 1,584,363,240 10,566,948,821 891,746,819 6,431,039,211 486,156,330 -----------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. (2) For the period May 7, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 187 STATEMENTS OF CHANGES IN NET ASSETS
VP MOD VP MS VP NFJ VP NUVEEN VP PTNRS CONSERV, GLOBAL REAL DIVD VAL, WINSLOW SM CAP PERIOD ENDED DEC. 31, 2010 (CONTINUED) CL 4(2) EST, CL 2(3) CL 2(3) LG CAP GRO, CL 2(3) GRO, CL 2(3) OPERATIONS Investment income (loss) -- net $ (19,186,173) $ (1,444) $ (397) $ (77) $ (277) Net realized gain (loss) on sales of investments 10,273,872 137 2,459 4 170 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 265,643,577 34,068 11,188 3,168 12,932 ----------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 256,731,276 32,761 13,250 3,095 12,825 ----------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 32,202,254 751,678 138,270 30,991 95,867 Net transfers(1) 3,185,976,031 56,270 16,954 2,246 11,280 Transfers for policy loans 96,251 -- -- -- -- Adjustments to net assets allocated to contracts in payment period (2,303,716) -- -- -- -- Contract charges (9,885,283) -- -- -- -- Contract terminations: Surrender benefits (111,030,052) (710) (372) (2,102) (37) Death benefits (19,766,969) -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions 3,075,288,516 807,238 154,852 31,135 107,110 ----------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $3,332,019,792 $839,999 $168,102 $34,230 $119,935 ----------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year -- -- -- -- -- Contract purchase payments 31,719,434 654,480 128,449 27,481 83,417 Net transfers(1) 3,216,347,420 47,974 15,070 1,903 9,571 Transfers for policy loans 94,526 -- -- -- -- Contract charges (9,630,074) -- -- -- -- Contract terminations: Surrender benefits (107,648,550) (120) (270) (1,716) -- Death benefits (19,017,908) -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 3,111,864,848 702,334 143,249 27,668 92,988 -----------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. (2) For the period May 7, 2010 (commencement of operations) to Dec. 31, 2010. (3) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. 188 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
VP PTNRS VP PTNRS VP PIMCO VP PYRAMIS VP WF SM CAP SM CAP VAL, MORTGAGE INTL EQ, SHORT DURATION PERIOD ENDED DEC. 31, 2010 (CONTINUED) VAL, CL 2(2) CL 3 BACKED SEC, CL 2(2) CL 2(2) GOVT, CL 2(2) OPERATIONS Investment income (loss) -- net $ (774) $ (5,113,382) $ (1,228) $ 62 $ (1,034) Net realized gain (loss) on sales of investments 230 35,574,881 46 8 62 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 37,694 61,980,852 (620) 1,328 556 ----------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 37,150 92,442,351 (1,802) 1,398 (416) ----------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 398,831 42,615,230 368,866 68,603 372,549 Net transfers(1) 20,529 (993,833,890) 80,301 10,991 31,198 Transfers for policy loans -- 17,475 -- -- -- Adjustments to net assets allocated to contracts in payment period -- (337,851) -- -- -- Contract charges -- (2,353,330) -- -- -- Contract terminations: Surrender benefits (3,660) (26,803,661) (690) (2,615) (953) Death benefits -- (4,586,346) -- -- -- ----------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions 415,700 (985,282,373) 448,477 76,979 402,794 ----------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year -- 1,090,105,693 -- -- -- ----------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $452,850 $ 197,265,671 $446,675 $78,377 $402,378 ----------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year -- 942,972,799 -- -- -- Contract purchase payments 352,444 40,000,053 366,251 58,632 370,059 Net transfers(1) 18,491 (852,575,011) 79,486 9,575 30,970 Transfers for policy loans -- 6,274 -- -- -- Contract charges -- (1,917,581) -- -- -- Contract terminations: Surrender benefits (3,094) (18,560,550) (95) (2,016) (425) Death benefits -- (3,501,308) -- -- -- ----------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 367,841 106,424,676 445,642 66,191 400,604 -----------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. (2) For the period July 19, 2010 (commencement of operations) to Dec. 31, 2010. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 189 STATEMENTS OF CHANGES IN NET ASSETS
WF ADV WF ADV THIRD AVE WANGER WANGER VT CORE EQ, VT INDEX ASSET YEAR ENDED DEC. 31, 2010 (CONTINUED) VAL INTL USA CL 2 ALLOC, CL 2 OPERATIONS Investment income (loss) -- net $ 1,622,032 $ 4,962,327 $ (4,767,576) $ (179,649) $ 338,440 Net realized gain (loss) on sales of investments (3,828,773) 6,742,337 (3,736,335) 536,406 (1,446,348) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 8,458,141 62,797,496 99,405,079 5,247,443 5,321,932 -------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 6,251,400 74,502,160 90,901,168 5,604,200 4,214,024 -------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 757,635 30,244,877 22,095,766 2,169,290 475,588 Net transfers(1) (8,577,676) (493,576,175) (373,510,401) 849,936 (5,140,771) Transfers for policy loans 31,449 63,410 25,307 3,119 25,586 Adjustments to net assets allocated to contracts in payment period (29,711) 3,990 (27,352) 2,381 (10,662) Contract charges (22,731) (1,435,102) (1,095,318) (26,590) (32,000) Contract terminations: Surrender benefits (7,197,384) (39,928,258) (37,815,524) (2,382,140) (4,257,095) Death benefits (475,148) (4,487,853) (4,261,197) (150,789) (505,848) -------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (15,513,566) (509,115,111) (394,588,719) 465,207 (9,445,202) -------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 62,619,736 893,101,536 745,595,634 36,686,464 41,323,976 -------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $ 53,357,570 $ 458,488,585 $ 441,908,083 $42,755,871 $36,092,798 -------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 24,897,028 578,943,891 573,989,599 34,062,363 37,522,349 Contract purchase payments 299,142 23,853,121 20,039,493 1,979,702 417,558 Net transfers(1) (3,451,004) (379,740,094) (325,388,207) 737,146 (4,615,908) Transfers for policy loans 12,489 28,197 13,570 2,678 22,493 Contract charges (9,088) (964,524) (870,006) (24,396) (28,383) Contract terminations: Surrender benefits (2,825,952) (20,123,920) (24,215,563) (2,142,004) (3,742,283) Death benefits (188,099) (2,583,105) (2,939,766) (132,452) (449,248) -------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 18,734,516 199,413,566 240,629,120 34,483,037 29,126,578 --------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 190 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
WF ADV WF ADV WF ADV VT INTL EQ, VT OPP, VT SM CAP GRO, YEAR ENDED DEC. 31, 2010 (CONTINUED) CL 2 CL 2 CL 2 OPERATIONS Investment income (loss) -- net $ 2,600,409 $ (47,908) $ (783,167) Net realized gain (loss) on sales of investments 40,045,958 (1,092,237) (1,038,727) Distributions from capital gains 10,310,660 -- -- Net change in unrealized appreciation or depreciation of investments (93,468,141) 11,072,855 22,371,647 ---------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations (40,511,114) 9,932,710 20,549,753 ---------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 32,648,150 1,087,682 3,397,304 Net transfers(1) (648,685,388) (3,354,743) (1,098,100) Transfers for policy loans 22,893 16,852 13,701 Adjustments to net assets allocated to contracts in payment period 2,057 (11,265) (318) Contract charges (1,480,749) (38,574) (56,205) Contract terminations: Surrender benefits (16,601,414) (3,220,589) (6,837,390) Death benefits (3,169,607) (415,508) (527,357) ---------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (637,264,058) (5,936,145) (5,108,365) ---------------------------------------------------------------------------------------------------------- Net assets at beginning of year 752,301,535 47,588,712 84,640,004 ---------------------------------------------------------------------------------------------------------- Net assets at end of year $ 74,526,363 $51,585,277 $100,081,392 ---------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 775,672,419 38,815,701 72,340,593 Contract purchase payments 36,277,981 895,567 2,718,923 Net transfers(1) (734,009,329) (2,578,641) (1,097,670) Transfers for policy loans 16,133 12,518 11,343 Contract charges (1,538,114) (29,667) (44,723) Contract terminations: Surrender benefits (15,463,537) (2,400,195) (5,360,936) Death benefits (3,210,589) (322,559) (416,445) ---------------------------------------------------------------------------------------------------------- Units outstanding at end of year 57,744,964 34,392,724 68,151,085 ----------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 191 STATEMENTS OF CHANGES IN NET ASSETS
AB VPS AB VPS AB VPS AB VPS AC VP GLOBAL THEMATIC GRO & INC, INTL VAL, LG CAP GRO, INTL, YEAR ENDED DEC. 31, 2009 GRO, CL B CL B CL B CL B CL I OPERATIONS Investment income (loss) -- net $ (111,610) $ 3,258,962 $ (330,619) $ (23,281) $ 347,547 Net realized gain (loss) on sales of investments (606,972) (17,421,654) (242,699,107) (156,447) (3,098,393) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 5,777,996 35,443,487 444,152,316 930,904 10,135,527 ------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 5,059,414 21,280,795 201,122,590 751,176 7,384,681 ------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 985,340 2,972,730 68,004,011 361,909 342,565 Net transfers(1) 4,746,354 (19,956,545) (386,003,689) 251,528 (5,013,160) Transfers for policy loans 46 59,124 77,934 (785) 4,541 Adjustments to net assets allocated to contracts in payment period 53,096 (23,047) (32,717) -- 3,450 Contract charges (11,822) (113,546) (2,199,705) (1,670) (13,011) Contract terminations: Surrender benefits (526,484) (6,940,999) (30,517,203) (94,178) (1,816,469) Death benefits (92,649) (963,351) (5,876,984) (7,670) (148,270) ------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions 5,153,881 (24,965,634) (356,548,353) 509,134 (6,640,354) ------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 7,758,324 131,669,325 803,094,964 1,943,454 28,082,916 ------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $17,971,619 $127,984,486 $ 647,669,201 $3,203,764 $28,827,243 ------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 10,969,877 166,185,303 949,299,324 2,648,525 34,033,062 Contract purchase payments 1,093,975 3,744,311 106,732,637 424,736 388,537 Net transfers(1) 5,340,956 (24,569,997) (494,939,271) 268,289 (5,941,053) Transfers for policy loans 394 69,876 49,277 (708) 7,202 Contract charges (13,469) (139,235) (2,841,346) (1,991) (15,026) Contract terminations: Surrender benefits (603,842) (8,377,676) (28,054,317) (113,889) (1,969,347) Death benefits (99,306) (1,150,330) (6,146,635) (9,620) (169,924) ------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 16,688,585 135,762,252 524,099,669 3,215,342 26,333,451 -------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 192 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
AC VP AC VP AC VP AC VP AC VP INTL, MID CAP VAL, ULTRA, VAL, VAL, YEAR ENDED DEC. 31, 2009 (CONTINUED) CL II CL II CL II CL I CL II OPERATIONS Investment income (loss) -- net $ 631,870 $ 5,615,722 $ (163,269) $ 3,344,488 $ 8,631,448 Net realized gain (loss) on sales of investments (2,459,077) (22,441,773) (2,848,783) (7,217,100) (19,470,877) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 16,870,540 63,020,683 9,632,641 15,305,129 43,667,336 ------------------------------------------------------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations 15,043,333 46,194,632 6,620,589 11,432,517 32,827,907 ------------------------------------------------------------------------------------------------------------------------ CONTRACT TRANSACTIONS Contract purchase payments 1,015,452 31,224,291 720,607 1,020,477 6,117,891 Net transfers(1) (9,026,555) (54,126,313) (1,271,973) (6,946,438) (14,473,405) Transfers for policy loans 223 (20,398) (8,173) 34,941 54,011 Adjustments to net assets allocated to contracts in payment period 15,941 7,249 7,763 (18,209) (143,926) Contract charges (48,269) (866,564) (25,200) (32,612) (172,480) Contract terminations: Surrender benefits (3,190,905) (5,334,037) (1,143,669) (5,480,651) (11,559,375) Death benefits (341,344) (1,155,107) (158,628) (693,415) (2,032,581) ------------------------------------------------------------------------------------------------------------------------ Increase (decrease) from contract transactions (11,575,457) (30,270,879) (1,879,273) (12,115,907) (22,209,865) ------------------------------------------------------------------------------------------------------------------------ Net assets at beginning of year 56,141,876 187,536,301 21,628,589 72,004,104 195,490,501 ------------------------------------------------------------------------------------------------------------------------ Net assets at end of year $ 59,609,752 $203,460,054 $26,369,905 $ 71,320,714 $206,108,543 ------------------------------------------------------------------------------------------------------------------------ ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 60,220,944 242,954,980 31,148,264 56,646,998 188,664,402 Contract purchase payments 990,239 36,658,694 931,345 809,083 6,707,931 Net transfers(1) (9,448,096) (65,255,435) (1,860,766) (5,499,371) (12,927,452) Transfers for policy loans 2,266 (23,959) (11,286) 31,830 45,904 Contract charges (48,360) (1,064,132) (33,904) (26,037) (166,706) Contract terminations: Surrender benefits (3,087,308) (6,929,861) (1,516,388) (4,219,172) (11,000,983) Death benefits (338,800) (1,477,106) (209,589) (559,541) (1,944,911) ------------------------------------------------------------------------------------------------------------------------ Units outstanding at end of year 48,290,885 204,863,181 28,447,676 47,183,790 169,378,185 ------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 193 STATEMENTS OF CHANGES IN NET ASSETS
CALVERT COL VP COL VP COL VP CS VP HI INC, MARSICO GRO, MARSICO INTL COMMODITY YEAR ENDED DEC. 31, 2009 (CONTINUED) SRI BAL CL 2 CL 1 OPP, CL 2 RETURN OPERATIONS Investment income (loss) -- net $ 320,555 $ 7,680,581 $ (636,856) $ 677,244 $ 8,116,983 Net realized gain (loss) on sales of investments (1,818,282) (3,222,605) (15,767,371) (14,807,858) (3,401,625) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 7,185,010 23,912,800 356,601,733 35,247,373 8,523,612 ------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 5,687,283 28,370,776 340,197,506 21,116,759 13,238,970 ------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 744,727 4,580,738 218,405,347 3,000,510 3,617,445 Net transfers(1) (3,426,846) (2,752,901) 242,957,334 (10,886,155) 18,475,133 Transfers for policy loans 23,552 (10,309) (76,420) (838) (8,107) Adjustments to net assets allocated to contracts in payment period (7,233) (3,677) (29,425) (49,831) 8,002 Contract charges (27,893) (116,341) (5,946,947) (55,336) (50,436) Contract terminations: Surrender benefits (1,442,336) (3,522,545) (37,839,442) (3,064,098) (4,222,306) Death benefits (278,791) (1,105,723) (7,891,422) (584,529) (502,449) ------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (4,414,820) (2,930,758) 409,579,025 (11,640,277) 17,317,282 ------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 26,299,083 66,584,202 963,953,201 69,405,070 58,690,964 ------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $27,571,546 $92,024,220 $1,713,729,732 $ 78,881,552 $ 89,247,216 ------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 33,641,067 82,427,527 1,298,130,787 103,623,136 78,359,789 Contract purchase payments 879,962 4,567,458 268,218,501 3,692,483 4,532,105 Net transfers(1) (4,124,819) (2,249,626) 330,178,071 (16,624,986) 23,778,039 Transfers for policy loans 29,932 (9,549) (86,524) 425 (9,305) Contract charges (33,160) (119,083) (7,374,951) (73,320) (64,750) Contract terminations: Surrender benefits (1,701,743) (3,648,285) (47,732,937) (4,015,015) (5,385,713) Death benefits (325,388) (1,131,860) (10,006,182) (783,233) (657,307) ------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 28,365,851 79,836,582 1,831,326,765 85,819,490 100,552,858 -------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 194 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
CS DREY VIF EV VT FID VIP FID VIP U.S. EQ INTL EQ, FLOATING-RATE CONTRAFUND, GRO & INC, YEAR ENDED DEC. 31, 2009 (CONTINUED) FLEX I SERV INC SERV CL 2 SERV CL OPERATIONS Investment income (loss) -- net $ (82,547) $ 175,633 $ 26,328,373 $ 236,884 $ 83,293 Net realized gain (loss) on sales of investments (7,559,847) (861,542) (7,220,656) (352,979,373) (10,129,126) Distributions from capital gains -- -- -- 193,105 -- Net change in unrealized appreciation or depreciation of investments 18,384,073 2,060,582 198,712,069 584,421,899 28,532,661 -------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 10,741,679 1,374,673 217,819,786 231,872,515 18,486,828 -------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 1,246,283 970,233 111,928,449 106,140,699 1,245,681 Net transfers(1) 7,854,878 (599,485) 153,556,412 (531,127,441) (12,556,456) Transfers for policy loans 153,441 (3,584) (61,086) (22,265) 87,874 Adjustments to net assets allocated to contracts in payment period (127,041) -- (63,434) 39,918 (10,459) Contract charges (60,673) (5,615) (2,851,337) (2,997,515) (47,130) Contract terminations: Surrender benefits (10,637,623) (209,379) (24,776,426) (30,319,995) (5,631,614) Death benefits (662,043) (131,308) (5,532,118) (6,294,341) (869,744) -------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (2,232,778) 20,862 232,200,460 (464,580,940) (17,781,848) -------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 54,325,711 6,228,703 434,438,748 1,023,889,930 84,336,657 -------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $ 62,834,612 $7,624,238 $884,458,994 $ 791,181,505 $ 85,041,637 -------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 61,041,326 7,986,062 581,542,099 1,455,856,516 114,759,467 Contract purchase payments 1,389,346 1,162,318 118,075,823 142,228,951 1,613,457 Net transfers(1) 7,467,440 (818,158) 163,400,576 (703,614,876) (16,444,936) Transfers for policy loans 175,412 (3,946) (60,880) (18,849) 113,881 Contract charges (67,550) (6,816) (2,988,034) (4,057,295) (60,951) Contract terminations: Surrender benefits (11,778,955) (258,459) (25,876,119) (40,363,388) (7,116,043) Death benefits (768,502) (150,795) (5,815,707) (8,335,315) (1,155,097) -------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 57,458,517 7,910,206 828,277,758 841,695,744 91,709,778 --------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 195 STATEMENTS OF CHANGES IN NET ASSETS
FID VIP FID VIP FID VIP FID VIP FID VIP GRO & INC, MID CAP, MID CAP, OVERSEAS, OVERSEAS, YEAR ENDED DEC. 31, 2009 (CONTINUED) SERV CL 2 SERV CL SERV CL 2 SERV CL SERV CL 2 OPERATIONS Investment income (loss) -- net $ (47,009) $ (538,123) $ (4,553,859) $ 447,253 $ 1,170,655 Net realized gain (loss) on sales of investments (14,714,291) (5,120,012) (108,250,721) (5,015,678) (11,144,998) Distributions from capital gains -- 930,948 4,714,168 130,406 384,952 Net change in unrealized appreciation or depreciation of investments 51,670,655 66,598,441 419,401,944 13,219,075 35,438,317 -------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 36,909,355 61,871,254 311,311,532 8,781,056 25,848,926 -------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 3,086,539 2,692,237 92,913,877 600,674 3,935,209 Net transfers(1) (27,411,536) (28,949,237) (283,420,845) (6,696,583) (18,146,050) Transfers for policy loans 71,271 64,350 37,346 7,772 25,682 Adjustments to net assets allocated to contracts in payment period (132,768) (230,621) (71,901) 27,300 8,343 Contract charges (158,180) (105,905) (2,785,054) (19,454) (101,749) Contract terminations: Surrender benefits (9,394,187) (13,419,647) (40,005,053) (2,623,443) (6,379,976) Death benefits (1,564,712) (1,598,880) (7,287,776) (353,069) (890,311) -------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (35,503,573) (41,547,703) (240,619,406) (9,056,803) (21,548,852) -------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 169,597,317 185,297,807 965,638,466 43,460,834 125,025,951 -------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $171,003,099 $205,621,358 $1,036,330,592 $43,185,087 $129,326,025 -------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 209,939,118 85,755,225 913,299,589 50,013,395 123,288,887 Contract purchase payments 3,653,759 1,106,566 106,280,016 686,234 4,432,989 Net transfers(1) (32,533,342) (12,306,418) (275,614,062) (7,867,442) (17,658,085) Transfers for policy loans 85,379 29,165 6,153 10,331 27,857 Contract charges (185,973) (43,847) (2,724,953) (22,063) (99,502) Contract terminations: Surrender benefits (10,926,787) (5,344,305) (29,655,641) (2,869,173) (5,940,658) Death benefits (1,850,907) (659,205) (5,908,768) (410,338) (871,284) -------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 168,181,247 68,537,181 705,682,334 39,540,944 103,180,204 --------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 196 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
FTVIPT FRANK FTVIPT FRANK FTVIPT GS VIT GS VIT GLOBAL REAL SM CAP VAL, MUTUAL SHARES MID CAP VAL, STRUCTD SM CAP YEAR ENDED DEC. 31, 2009 (CONTINUED) EST, CL 2 CL 2 SEC, CL 2 INST EQ, INST OPERATIONS Investment income (loss) -- net $ 18,314,781 $ 1,318,826 $ 1,651,716 $ 2,614,480 $ 27,244 Net realized gain (loss) on sales of investments (47,085,443) (11,532,809) (13,995,751) (39,538,799) (1,463,236) Distributions from capital gains -- 7,642,928 -- -- -- Net change in unrealized appreciation or depreciation of investments 52,846,215 43,213,432 48,608,825 119,134,008 3,616,257 ----------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 24,075,553 40,642,377 36,264,790 82,209,689 2,180,265 ----------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 5,006,870 5,078,813 5,516,800 4,633,242 152,884 Net transfers(1) (24,975,597) (24,785,989) (21,570,462) (51,657,316) (1,317,502) Transfers for policy loans 122,912 26,890 42,154 82,328 8,556 Adjustments to net assets allocated to contracts in payment period (58,588) (44,461) (33,530) (5,951) (2,280) Contract charges (146,779) (128,526) (136,511) (345,677) (6,378) Contract terminations: Surrender benefits (9,067,317) (9,307,303) (8,734,631) (17,933,706) (651,179) Death benefits (1,526,290) (1,413,171) (1,616,085) (2,429,890) (181,226) ----------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (30,644,789) (30,573,747) (26,532,265) (67,656,970) (1,997,125) ----------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 177,416,087 173,195,221 169,266,747 312,183,554 10,222,980 ----------------------------------------------------------------------------------------------------------------------- Net assets at end of year $170,846,851 $183,263,851 $178,999,272 $326,736,273 $10,406,120 ----------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 143,021,012 128,040,351 186,091,220 191,346,086 9,648,051 Contract purchase payments 5,868,465 5,251,877 6,293,726 2,796,870 143,086 Net transfers(1) (19,832,923) (16,940,874) (23,123,861) (30,390,275) (1,280,675) Transfers for policy loans 90,497 14,954 40,737 49,585 8,058 Contract charges (128,401) (93,668) (143,417) (199,849) (6,001) Contract terminations: Surrender benefits (7,778,014) (6,419,428) (8,793,218) (10,798,973) (594,690) Death benefits (1,286,195) (954,646) (1,652,196) (1,414,048) (164,302) ----------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 119,954,441 108,898,566 158,712,991 151,389,396 7,753,527 -----------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 197 STATEMENTS OF CHANGES IN NET ASSETS
GS VIT INVESCO INVESCO INVESCO INVESCO STRUCTD U.S. VI CAP APPR, VI CAP APPR, VI CAP DEV, VI CAP DEV, YEAR ENDED DEC. 31, 2009 (CONTINUED) EQ, INST SER I SER II SER I SER II OPERATIONS Investment income (loss) -- net $ 1,910,596 $ (59,253) $ (552,616) $ (156,938) $ (264,934) Net realized gain (loss) on sales of investments (18,971,584) (5,104,778) (5,572,143) (1,836,584) (3,935,081) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 47,711,018 9,491,963 23,330,361 8,340,478 14,524,850 ----------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 30,650,030 4,327,932 17,205,602 6,346,956 10,324,835 ----------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 3,936,669 514,497 1,712,109 307,792 873,334 Net transfers(1) (25,762,079) (4,637,324) (8,453,732) (3,482,557) (5,093,513) Transfers for policy loans 45,777 41,453 10,470 745 9,686 Adjustments to net assets allocated to contracts in payment period (78,646) (5,594) (8,848) 56,512 (3,089) Contract charges (376,083) (19,213) (365,768) (11,705) (25,274) Contract terminations: Surrender benefits (9,043,125) (1,628,007) (4,414,512) (1,294,429) (1,522,090) Death benefits (1,625,734) (291,319) (696,294) (177,815) (323,407) ----------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (32,903,221) (6,025,507) (12,216,575) (4,601,457) (6,084,353) ----------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 182,460,353 26,745,483 99,171,829 18,148,222 29,143,340 ----------------------------------------------------------------------------------------------------------------------- Net assets at end of year $180,207,162 $25,047,908 $104,160,856 $19,893,721 $33,383,822 ----------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 255,181,535 41,116,063 139,781,286 16,729,519 36,124,153 Contract purchase payments 5,485,438 772,065 2,400,730 246,713 1,064,035 Net transfers(1) (35,773,647) (7,015,244) (12,050,025) (2,862,370) (5,583,200) Transfers for policy loans 64,695 60,117 15,707 3,547 10,865 Contract charges (506,769) (29,150) (495,405) (9,544) (28,009) Contract terminations: Surrender benefits (12,140,042) (2,419,200) (5,995,182) (1,009,724) (1,600,041) Death benefits (2,296,624) (444,076) (950,939) (139,371) (343,847) ----------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 210,014,586 32,040,575 122,706,172 12,958,770 29,643,956 -----------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 198 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
INVESCO INVESCO INVESCO INVESCO INVESCO VI CORE EQ, VI DYN, VI FIN SERV, VI FIN SERV, VI GLOBAL HLTH, YEAR ENDED DEC. 31, 2009 (CONTINUED) SER I SER I SER I SER II SER II OPERATIONS Investment income (loss) -- net $ 625,743 $ (47,684) $ 316,988 $ 120,037 $ (152,640) Net realized gain (loss) on sales of investments (1,117,406) (89,725) (4,321,938) (942,058) (1,489,256) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 30,337,230 2,086,156 7,376,218 2,101,914 6,527,759 --------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 29,845,567 1,948,747 3,371,268 1,279,893 4,885,863 --------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 2,326,222 131,490 358,052 663,785 927,327 Net transfers(1) (5,993,364) (870,546) 1,343,659 1,023,687 1,216,565 Transfers for policy loans 313,459 3,761 10,083 186 (7,670) Adjustments to net assets allocated to contracts in payment period (486,274) (1,197) (372) (1,898) 794 Contract charges (172,599) (6,293) (12,573) (3,960) (17,440) Contract terminations: Surrender benefits (25,155,941) (359,479) (977,788) (115,009) (1,032,948) Death benefits (1,797,415) (70,748) (110,561) (66,808) (155,924) --------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (30,965,912) (1,173,012) 610,500 1,499,983 930,704 --------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 136,521,974 5,631,512 10,755,490 3,130,618 17,563,978 --------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $135,401,629 $ 6,407,247 $14,737,258 $ 5,910,494 $23,380,545 --------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 92,624,670 7,742,275 25,118,996 8,625,759 21,603,800 Contract purchase payments 1,520,479 161,210 854,920 1,796,989 1,038,017 Net transfers(1) (4,209,615) (1,138,661) 3,687,670 3,007,079 1,491,463 Transfers for policy loans 206,808 4,496 24,351 497 (7,789) Contract charges (112,406) (7,504) (28,606) (10,881) (19,933) Contract terminations: Surrender benefits (16,299,857) (439,046) (2,176,049) (299,261) (1,178,284) Death benefits (1,189,517) (87,189) (276,718) (161,954) (166,871) --------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 72,540,562 6,235,581 27,204,564 12,958,228 22,760,403 ---------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 199 STATEMENTS OF CHANGES IN NET ASSETS
INVESCO INVESCO INVESCO JANUS ASPEN JANUS ASPEN VI INTL GRO, VI TECH, VANK VI ENTERPRISE, GLOBAL YEAR ENDED DEC. 31, 2009 (CONTINUED) SER II SER I COMSTOCK, SER II SERV TECH, SERV OPERATIONS Investment income (loss) -- net $ 3,645,453 $ (174,465) $ 24,217,366 $ (135,292) $ (134,539) Net realized gain (loss) on sales of investments (14,955,850) (540,381) (129,968,322) (1,884,433) (1,114,032) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 196,856,943 9,879,261 257,412,229 7,927,346 8,155,612 ----------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 185,546,546 9,164,415 151,661,273 5,907,621 6,907,041 ----------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 98,838,649 353,513 88,400,293 364,030 343,279 Net transfers(1) 45,595,755 4,666,749 (208,655,125) (2,346,611) 3,623,220 Transfers for policy loans 19,914 7,114 (4,914) 8,667 16,649 Adjustments to net assets allocated to contracts in payment period 34,271 710 21,376 (11,758) 57,795 Contract charges (2,762,858) (60,057) (2,959,949) (15,733) (14,219) Contract terminations: Surrender benefits (17,344,547) (1,047,745) (23,461,825) (1,023,971) (970,444) Death benefits (3,466,091) (221,433) (4,807,594) (74,898) (136,989) ----------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions 120,915,093 3,698,851 (151,467,738) (3,100,274) 2,919,291 ----------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 461,509,291 15,360,075 681,107,245 15,504,262 11,997,932 ----------------------------------------------------------------------------------------------------------------------- Net assets at end of year $767,970,930 $28,223,341 $ 681,300,780 $18,311,609 $21,824,264 ----------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 537,766,644 32,200,674 890,311,612 38,477,835 41,021,714 Contract purchase payments 107,607,053 610,358 123,646,333 811,599 951,058 Net transfers(1) 46,928,415 7,373,502 (275,116,164) (5,181,202) 8,902,632 Transfers for policy loans 20,855 11,641 (4,329) 22,189 50,689 Contract charges (2,920,526) (101,111) (3,850,993) (33,590) (38,006) Contract terminations: Surrender benefits (17,432,382) (1,730,886) (28,447,872) (2,194,256) (2,655,545) Death benefits (3,626,240) (390,772) (6,110,204) (168,624) (359,110) ----------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 668,343,819 37,973,406 700,428,383 31,733,951 47,873,432 -----------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 200 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
JANUS ASPEN JANUS ASPEN LM CB VAR MFS MFS JANUS, OVERSEAS, SM CAP GRO, INV GRO STOCK, NEW DIS, YEAR ENDED DEC. 31, 2009 (CONTINUED) SERV SERV CL I SERV CL SERV CL OPERATIONS Investment income (loss) -- net $ (5,935,019) $ (582,777) $ (51,860) $ (313,065) $ (361,694) Net realized gain (loss) on sales of investments (14,824,138) (2,863,226) (432,963) (2,237,799) (3,539,235) Distributions from capital gains -- 3,684,756 -- -- -- Net change in unrealized appreciation or depreciation of investments 366,845,252 71,467,925 2,471,524 25,721,007 24,075,207 ------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 346,086,095 71,706,678 1,986,701 23,170,143 20,174,278 ------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 196,595,671 1,967,193 627,245 2,505,556 776,346 Net transfers(1) 178,714,104 (7,896,575) 997,694 7,068,142 (1,899,757) Transfers for policy loans (60,390) 32,502 1,031 31,583 21,604 Adjustments to net assets allocated to contracts in payment period 5,014 (88,708) -- 30,059 (4,362) Contract charges (5,401,166) (84,656) (6,187) (59,315) (39,955) Contract terminations: Surrender benefits (28,551,067) (7,580,842) (309,467) (4,214,452) (2,600,108) Death benefits (6,105,534) (825,531) (64,038) (597,352) (366,061) ------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions 335,196,632 (14,476,617) 1,246,278 4,764,221 (4,112,293) ------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 773,445,434 103,230,964 4,097,831 60,177,703 36,302,724 ------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $1,454,728,161 $160,461,025 $7,330,810 $ 88,112,067 $52,364,709 ------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 1,226,178,470 126,354,829 6,855,681 119,102,705 59,530,900 Contract purchase payments 277,372,407 1,774,307 885,979 3,564,389 1,054,385 Net transfers(1) 263,736,061 (10,087,576) 1,462,606 10,523,749 (3,489,206) Transfers for policy loans (80,070) 37,772 1,604 59,164 36,789 Contract charges (7,581,864) (74,989) (8,780) (101,564) (53,549) Contract terminations: Surrender benefits (39,550,723) (6,507,426) (434,270) (6,827,256) (3,389,355) Death benefits (8,593,547) (716,052) (88,605) (1,016,257) (473,343) ------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 1,711,480,734 110,780,865 8,674,215 125,304,930 53,216,621 -------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 201 STATEMENTS OF CHANGES IN NET ASSETS
MFS MS UIF MS UIF NB AMT NB AMT UTILITIES, GLOBAL REAL MID CAP GRO, INTL, SOC RESPONSIVE, YEAR ENDED DEC. 31, 2009 (CONTINUED) SERV CL EST, CL II CL II CL S CL S OPERATIONS Investment income (loss) -- net $ 8,193,950 $ (2,226,572) $ (326,427) $ 7,091,774 $ 20,268 Net realized gain (loss) on sales of investments (14,271,228) (48,786,084) (5,478,921) (15,014,693) (136,175) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 64,272,529 135,827,610 21,516,169 84,857,173 634,486 -------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 58,195,251 84,814,954 15,710,821 76,934,254 518,579 -------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 6,064,675 38,133,834 1,518,824 45,215,574 225,149 Net transfers(1) (26,424,009) (89,502,242) 2,784,545 (21,702,697) 57,043 Transfers for policy loans (39,871) 3,311 (13,460) (12,969) 4,890 Adjustments to net assets allocated to contracts in payment period (68,956) (26,215) 29,480 (2,147) -- Contract charges (173,996) (1,088,617) (28,565) (1,286,407) (2,426) Contract terminations: Surrender benefits (11,266,280) (7,394,245) (1,700,521) (6,575,925) (34,020) Death benefits (2,067,554) (1,422,698) (303,570) (1,486,159) (2,762) -------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (33,975,991) (61,296,872) 2,286,733 14,149,270 247,874 -------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 212,724,142 241,003,832 29,119,527 218,421,584 1,593,837 -------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $236,943,402 $ 264,521,914 $47,117,081 $309,505,108 $2,360,290 -------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 163,176,639 382,715,240 44,919,664 358,115,808 2,198,217 Contract purchase payments 4,948,632 56,982,252 1,793,414 64,594,356 286,218 Net transfers(1) (19,250,030) (125,439,763) 2,386,886 (29,705,511) 60,245 Transfers for policy loans (26,166) 9,984 (13,941) (15,745) 6,255 Contract charges (125,895) (1,618,018) (35,706) (1,879,693) (3,095) Contract terminations: Surrender benefits (7,594,238) (10,885,602) (2,121,818) (9,790,393) (41,099) Death benefits (1,500,577) (2,173,879) (395,429) (2,208,466) (4,050) -------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 139,628,365 299,590,214 46,533,070 379,110,356 2,502,691 --------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 202 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
OPPEN OPPEN GLOBAL OPPEN MAIN ST OPPEN PIMCO GLOBAL SEC STRATEGIC INC SM MID CAP VAL VIT ALL ASSET, YEAR ENDED DEC. 31, 2009 (CONTINUED) VA, SERV VA, SRV VA, SERV VA, SERV ADVISOR CL OPERATIONS Investment income (loss) -- net $ 939,588 $ (15,844,599) $ (161,775) $ (28,683) $ 64,770,819 Net realized gain (loss) on sales of investments (8,128,859) (25,142,736) (6,300,307) (402,700) (48,899,357) Distributions from capital gains 1,911,246 1,678,820 -- -- -- Net change in unrealized appreciation or depreciation of investments 33,275,208 409,458,541 26,119,350 1,322,607 186,231,108 -------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 27,997,183 370,150,026 19,657,268 891,224 202,102,570 -------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 3,464,049 279,415,438 2,480,270 729,979 182,656,126 Net transfers(1) (8,361,153) 4,385,281 (6,749,153) 246,706 (172,168,472) Transfers for policy loans (23,149) (87,100) 22,394 (275) (122,776) Adjustments to net assets allocated to contracts in payment period 41,166 (352,780) (15,440) -- 102,936 Contract charges (74,641) (7,485,305) (53,276) (2,444) (4,992,541) Contract terminations: Surrender benefits (4,512,683) (98,091,702) (3,102,442) (115,961) (32,295,549) Death benefits (941,929) (17,745,503) (484,434) (43,206) (7,588,359) -------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (10,408,340) 160,038,329 (7,902,081) 814,799 (34,408,635) -------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 84,226,825 2,075,960,187 61,768,053 2,737,178 1,032,082,114 -------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $101,815,668 $2,606,148,542 $73,523,240 $4,443,201 $1,199,776,049 -------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 93,205,980 2,013,494,974 76,585,330 4,235,237 1,091,785,066 Contract purchase payments 3,724,004 263,869,090 3,143,605 937,582 179,579,273 Net transfers(1) (9,114,970) 3,026,213 (7,958,487) 304,509 (172,489,339) Transfers for policy loans (15,877) (81,761) 31,188 (206) (114,380) Contract charges (75,988) (6,940,735) (61,081) (3,313) (4,917,370) Contract terminations: Surrender benefits (4,437,523) (88,670,241) (3,406,621) (167,143) (31,789,893) Death benefits (977,113) (16,313,095) (557,048) (67,170) (7,545,003) -------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 82,308,513 2,168,384,445 67,776,886 5,239,496 1,054,508,354 --------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 203 STATEMENTS OF CHANGES IN NET ASSETS
PUT VT PUT VT PUT VT ROYCE DISC GLOBAL HLTH CARE, INTL EQ, MULTI-CAP MICRO-CAP, ASSET ALLOC, YEAR ENDED DEC. 31, 2009 (CONTINUED) CL IB CL IB GRO, CL IA INVEST CL AGGR OPERATIONS Investment income (loss) -- net $ 2,676,827 $ (291,880) $ (370,023) $ (442,430) $ (118,653) Net realized gain (loss) on sales of investments (478,407) (4,372,849) (9,675,532) (2,748,850) 9,181 Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 3,326,109 11,638,232 27,869,479 26,634,339 3,541,173 -------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 5,524,529 6,973,503 17,823,924 23,443,059 3,431,701 -------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 447,886 593,132 1,547,222 703,820 1,277,682 Net transfers(1) (3,236,550) (6,346,826) (3,168,023) (6,460,187) 7,374,049 Transfers for policy loans 15,006 17,397 225,525 28,762 5,531 Adjustments to net assets allocated to contracts in payment period (6,585) (2,592) (75,176) (10,826) 97,566 Contract charges (26,145) (29,376) (112,800) (24,598) (11,832) Contract terminations: Surrender benefits (1,551,571) (2,034,844) (12,507,839) (3,400,816) (451,051) Death benefits (167,492) (288,030) (736,506) (364,255) -- -------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (4,525,451) (8,091,139) (14,827,597) (9,528,100) 8,291,945 -------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 25,091,627 37,136,955 68,211,033 47,372,729 8,340,805 -------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $26,090,705 $36,019,319 $ 71,207,360 $61,287,688 $20,064,451 -------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 27,807,296 37,946,874 71,705,241 24,388,119 11,766,349 Contract purchase payments 465,345 594,496 1,517,058 312,664 1,694,750 Net transfers(1) (3,346,971) (6,418,134) (3,258,198) (2,987,693) 10,041,638 Transfers for policy loans 15,540 17,846 225,558 13,216 7,195 Contract charges (27,213) (29,308) (110,056) (10,990) (15,427) Contract terminations: Surrender benefits (1,586,653) (2,021,287) (12,162,675) (1,422,782) (580,614) Death benefits (174,490) (292,843) (738,904) (167,457) -- -------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 23,152,854 29,797,644 57,178,024 20,125,077 22,913,891 --------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 204 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
DISC DISC DISC DISC COL VP ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, BAL, YEAR ENDED DEC. 31, 2009 (CONTINUED) CONSERV MOD MOD AGGR MOD CONSERV CL 3 OPERATIONS Investment income (loss) -- net $ (275,208) $ (501,654) $ (328,141) $ (313,165) $ (2,476,443) Net realized gain (loss) on sales of investments 280,321 (891,754) (353,096) (74,984) (22,286,944) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 4,873,371 12,661,873 9,250,822 6,965,312 80,267,710 ------------------------------------------------------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations 4,878,484 11,268,465 8,569,585 6,577,163 55,504,323 ------------------------------------------------------------------------------------------------------------------------ CONTRACT TRANSACTIONS Contract purchase payments 3,648,730 6,280,973 3,003,388 3,060,903 4,425,409 Net transfers(1) 14,149,239 33,850,556 14,897,998 23,043,759 38,598,572 Transfers for policy loans 1,887 (72,056) 24,155 (6,326) 161,614 Adjustments to net assets allocated to contracts in payment period 97,460 (26,476) 329,293 (818) (678,459) Contract charges (21,462) (46,451) (30,608) (22,762) (245,710) Contract terminations: Surrender benefits (3,305,645) (3,742,953) (1,623,616) (1,760,464) (23,786,790) Death benefits (280,018) (579,914) (1,146) (82,003) (4,283,391) ------------------------------------------------------------------------------------------------------------------------ Increase (decrease) from contract transactions 14,290,191 35,663,679 16,599,464 24,232,289 14,191,245 ------------------------------------------------------------------------------------------------------------------------ Net assets at beginning of year 21,357,801 37,774,059 24,460,533 20,077,570 194,345,298 ------------------------------------------------------------------------------------------------------------------------ Net assets at end of year $40,526,476 $84,706,203 $49,629,582 $50,887,022 $264,040,866 ------------------------------------------------------------------------------------------------------------------------ ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 25,426,346 49,366,147 33,063,290 25,257,929 189,680,215 Contract purchase payments 4,022,471 7,745,946 3,847,358 3,597,553 4,384,134 Net transfers(1) 16,118,249 41,233,188 20,119,570 27,698,214 52,019,449 Transfers for policy loans 2,525 (88,205) 30,461 (7,908) 122,053 Contract charges (23,987) (57,143) (39,247) (26,753) (234,261) Contract terminations: Surrender benefits (3,758,213) (4,565,238) (2,022,705) (2,081,766) (20,280,031) Death benefits (300,984) (739,687) (1,323) (97,496) (4,099,247) ------------------------------------------------------------------------------------------------------------------------ Units outstanding at end of year 41,486,407 92,895,008 54,997,404 54,339,773 221,592,312 ------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 205 STATEMENTS OF CHANGES IN NET ASSETS
COL VP COL VP COL VP COL VP COL VP CASH MGMT, DIV BOND, DIV EQ INC, DYN EQ, GLOBAL BOND, YEAR ENDED DEC. 31, 2009 (CONTINUED) CL 3 CL 3 CL 3 CL 3 CL 3 OPERATIONS Investment income (loss) -- net $ (8,203,776) $ 122,524,341 $ (20,498,525) $ (4,081,507) $ 11,319,841 Net realized gain (loss) on sales of investments 160,083 (9,698,518) (76,257,543) (64,947,390) (2,317,714) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 863,327 347,434,702 689,203,430 153,856,250 115,381,226 ------------------------------------------------------------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations (7,180,366) 460,260,525 592,447,362 84,827,353 124,383,353 ------------------------------------------------------------------------------------------------------------------------------ CONTRACT TRANSACTIONS Contract purchase payments 111,309,005 534,815,810 268,448,843 10,366,692 176,249,965 Net transfers(1) (585,789,438) 91,396,565 105,137,049 (44,031,005) (17,016,350) Transfers for policy loans 126,432 (19,836) 341,739 1,064,518 (14,902) Adjustments to net assets allocated to contracts in payment period (381,892) (939,678) (17,368) (926,944) (396,021) Contract charges (685,096) (14,239,960) (7,595,119) (974,361) (4,804,027) Contract terminations: Surrender benefits (171,471,117) (172,084,203) (100,624,477) (41,286,507) (57,605,911) Death benefits (16,337,378) (36,430,179) (16,696,537) (4,793,771) (11,474,401) ------------------------------------------------------------------------------------------------------------------------------ Increase (decrease) from contract transactions (663,229,484) 402,498,519 248,994,130 (80,581,378) 84,938,353 ------------------------------------------------------------------------------------------------------------------------------ Net assets at beginning of year 1,315,148,095 3,295,541,164 1,884,808,320 447,980,819 1,219,671,776 ------------------------------------------------------------------------------------------------------------------------------ Net assets at end of year $ 644,738,245 $4,158,300,208 $2,726,249,812 $452,226,794 $1,428,993,482 ------------------------------------------------------------------------------------------------------------------------------ ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 1,121,064,760 2,911,692,108 2,062,785,467 685,480,996 950,254,996 Contract purchase payments 102,188,492 488,736,740 351,804,290 15,592,874 151,307,717 Net transfers(1) (508,068,806) 47,459,400 144,288,091 (72,271,312) (22,522,635) Transfers for policy loans 73,217 (40,839) 287,067 1,534,351 (18,817) Contract charges (585,059) (12,341,133) (8,971,881) (1,502,258) (3,847,201) Contract terminations: Surrender benefits (146,217,563) (134,265,003) (94,456,321) (55,051,454) (39,832,521) Death benefits (14,026,899) (29,818,009) (17,011,042) (7,164,735) (8,499,488) ------------------------------------------------------------------------------------------------------------------------------ Units outstanding at end of year 554,428,142 3,271,423,264 2,438,725,671 566,618,462 1,026,842,051 ------------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 206 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
COL VP GLOBAL COL VP COL VP COL VP COL VP INFLATION PROT HI YIELD INC OPP, MID CAP GRO MID CAP VAL YEAR ENDED DEC. 31, 2009 (CONTINUED) SEC, CL 3 BOND, CL 3 CL 3 OPP, CL 3 OPP, CL 3 OPERATIONS Investment income (loss) -- net $ 92,468,706 $ 44,414,766 $ 38,081,740 $ (1,003,663) $ (1,960,228) Net realized gain (loss) on sales of investments (507,521) (10,591,362) (4,874,738) (5,036,427) (64,133,732) Distributions from capital gains 51,598 -- -- -- -- Net change in unrealized appreciation or depreciation of investments (19,359,768) 163,884,654 289,109,296 52,849,944 133,998,190 --------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 72,653,015 197,708,058 322,316,298 46,809,854 67,904,230 --------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 193,823,411 11,581,660 180,961,005 3,489,270 24,105,329 Net transfers(1) 847,698,096 (6,607,633) 529,372,071 11,368,054 (89,329,966) Transfers for policy loans (36,371) 69,739 (65,936) 143,783 3,025 Adjustments to net assets allocated to contracts in payment period (178,250) (336,873) (64,478) (71,305) (14,037) Contract charges (5,122,580) (323,535) (4,758,862) (122,117) (709,168) Contract terminations: Surrender benefits (42,222,133) (39,757,216) (32,310,069) (10,412,358) (7,355,476) Death benefits (8,569,293) (7,041,964) (7,025,166) (1,141,397) (1,549,854) --------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions 985,392,880 (42,415,822) 666,108,565 3,253,930 (74,850,147) --------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 727,423,402 382,399,154 575,937,497 78,655,128 227,281,619 --------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $1,785,469,297 $537,691,390 $1,564,362,360 $128,718,912 $ 220,335,702 --------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 658,300,417 373,276,720 643,014,466 114,373,202 315,807,987 Contract purchase payments 171,729,059 9,922,731 165,997,714 3,907,246 34,543,046 Net transfers(1) 749,263,374 294,262 470,367,351 10,219,597 (120,351,036) Transfers for policy loans (31,663) 53,153 (55,406) 177,587 4,123 Contract charges (4,505,352) (253,972) (4,285,341) (141,800) (954,714) Contract terminations: Surrender benefits (37,000,549) (29,900,721) (28,252,815) (12,535,428) (8,952,766) Death benefits (7,551,823) (5,391,841) (6,298,180) (1,253,392) (1,920,220) --------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 1,530,203,463 348,000,332 1,240,487,789 114,747,012 218,176,420 ---------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 207 STATEMENTS OF CHANGES IN NET ASSETS
COL VP COL VP COL VP COL VP COL VP S&P 500, SHORT DURATION, LG CAP GRO, SELECT LG SELECT SM CAP YEAR ENDED DEC. 31, 2009 (CONTINUED) CL 3 CL 3 CL 3 CAP VAL, CL 3 VAL, CL 3 OPERATIONS Investment income (loss) -- net $ (1,173,407) $ 7,939,939 $ (1,198,578) $ (89,110) $ (437,572) Net realized gain (loss) on sales of investments (6,551,127) (1,740,945) (21,611,834) (1,257,218) (8,275,155) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 38,794,603 9,874,729 65,311,646 3,727,958 25,589,634 --------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 31,070,069 16,073,723 42,501,234 2,381,630 16,876,907 --------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 4,596,308 19,730,459 3,564,331 507,432 1,423,261 Net transfers(1) (7,822,475) (28,023,624) (22,322,492) 2,067,361 (6,625,317) Transfers for policy loans 60,596 83,520 152,928 3,215 30,831 Adjustments to net assets allocated to contracts in payment period (76,014) (78,935) (46,491) (1,401) (44,034) Contract charges (115,835) (246,445) (177,091) (9,772) (50,336) Contract terminations: Surrender benefits (8,336,902) (26,975,888) (8,258,876) (634,568) (3,600,435) Death benefits (1,300,040) (6,603,441) (1,347,845) (187,841) (409,376) --------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (12,994,362) (42,114,354) (28,435,536) 1,744,426 (9,275,406) --------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 133,680,443 371,939,267 141,101,956 8,932,103 51,441,386 --------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $151,756,150 $345,898,636 $155,167,654 $13,058,159 $59,042,887 --------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 200,311,464 306,947,929 326,510,210 11,453,724 51,553,089 Contract purchase payments 6,313,633 18,063,103 7,045,275 635,452 1,502,844 Net transfers(1) (11,215,349) (22,360,068) (50,732,792) 2,351,549 (6,212,974) Transfers for policy loans 89,059 63,422 344,761 3,862 30,943 Contract charges (166,958) (199,480) (361,596) (11,992) (46,973) Contract terminations: Surrender benefits (11,534,448) (21,858,805) (16,484,485) (753,533) (3,238,713) Death benefits (1,878,936) (5,307,373) (2,809,305) (232,157) (366,013) --------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 181,918,465 275,348,728 263,512,068 13,446,905 43,222,203 ---------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 208 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
COL VP COL VP VP DAVIS VP GS VP PTNRS EMER MKTS INTL OPP, NY VENTURE, MID CAP VAL, SM CAP YEAR ENDED DEC. 31, 2009 (CONTINUED) OPP, CL 3 CL 3 CL 3 CL 3 VAL, CL 3 OPERATIONS Investment income (loss) -- net $ (3,359,555) $ 778,289 $ (9,602,379) $ (98,184) $ (8,045,658) Net realized gain (loss) on sales of investments (81,651,677) (10,172,733) (14,830,928) (1,584,932) (21,445,555) Distributions from capital gains -- -- -- -- -- Net change in unrealized appreciation or depreciation of investments 405,264,252 43,374,939 365,129,530 5,098,851 315,695,353 ---------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 320,253,020 33,980,495 340,696,223 3,415,735 286,204,140 ---------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 65,761,712 3,874,703 193,811,413 413,786 141,097,176 Net transfers(1) (210,383,860) (10,566,665) 387,884,579 (1,378,025) (52,221,515) Transfers for policy loans 139,408 162,858 (57,059) 4,915 9,993 Adjustments to net assets allocated to contracts in payment period 258,893 106,358 (167,583) (1,367) (140,262) Contract charges (2,052,532) (141,633) (5,252,706) (12,841) (4,130,032) Contract terminations: Surrender benefits (31,908,000) (18,858,255) (27,276,922) (614,869) (26,888,122) Death benefits (3,536,131) (1,764,975) (5,579,903) (109,630) (5,409,223) ---------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (181,720,510) (27,187,609) 543,361,819 (1,698,031) 52,318,015 ---------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 518,628,043 156,585,265 634,860,612 11,161,351 751,583,538 ---------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $ 657,160,553 $163,378,151 $1,518,918,654 $12,879,055 $1,090,105,693 ---------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 506,028,130 184,146,213 917,373,476 13,412,863 856,113,697 Contract purchase payments 61,956,469 4,452,625 254,298,809 463,931 178,338,447 Net transfers(1) (180,497,217) (13,821,962) 563,251,468 (1,546,125) (56,014,627) Transfers for policy loans 101,166 177,541 (69,745) 5,412 (588) Contract charges (1,725,283) (158,431) (6,876,184) (14,372) (4,624,791) Contract terminations: Surrender benefits (21,711,111) (19,338,655) (35,608,041) (690,992) (25,260,483) Death benefits (2,679,860) (2,034,694) (7,407,159) (124,967) (5,578,856) ---------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 361,472,294 153,422,637 1,684,962,624 11,505,750 942,972,799 ----------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 209 STATEMENTS OF CHANGES IN NET ASSETS
WF ADV WF ADV THIRD AVE WANGER WANGER VT CORE EQ, VT INDEX YEAR ENDED DEC. 31, 2009 (CONTINUED) VAL INTL USA CL 2 ASSET ALLOC, CL 2 OPERATIONS Investment income (loss) -- net $ (487,695) $ 19,144,839 $ (5,504,013) $ 72,952 $ 473,361 Net realized gain (loss) on sales of investments (6,142,981) (21,025,205) (26,896,105) (784,664) (4,682,373) Distributions from capital gains 13,374,296 -- -- -- -- Net change in unrealized appreciation or depreciation of investments 13,926,594 276,679,585 255,617,339 8,956,333 9,125,744 --------------------------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 20,670,214 274,799,219 223,217,221 8,244,621 4,916,732 --------------------------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 829,043 72,372,025 56,565,889 2,293,434 626,419 Net transfers(1) (9,743,686) 34,461,137 (51,552,364) 6,506,963 (8,523,514) Transfers for policy loans 33,169 23,027 54,005 (1,987) 7,346 Adjustments to net assets allocated to contracts in payment period (53,056) 10,030 (156,771) 71,606 (8,813) Contract charges (28,440) (2,116,439) (1,695,123) (19,657) (36,115) Contract terminations: Surrender benefits (4,319,512) (28,516,988) (27,017,021) (1,045,949) (2,990,837) Death benefits (478,193) (4,014,030) (4,095,804) (390,400) (609,771) --------------------------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions (13,760,675) 72,218,762 (27,897,189) 7,414,010 (11,535,285) --------------------------------------------------------------------------------------------------------------------------- Net assets at beginning of year 55,710,197 546,083,555 550,275,602 21,027,833 47,942,529 --------------------------------------------------------------------------------------------------------------------------- Net assets at end of year $ 62,619,736 $893,101,536 $745,595,634 $36,686,464 $ 41,323,976 --------------------------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 31,931,493 486,121,150 572,582,227 26,240,985 49,869,060 Contract purchase payments 420,308 74,568,276 71,497,300 2,491,225 656,607 Net transfers(1) (5,130,212) 42,293,517 (40,870,469) 6,937,462 (9,224,322) Transfers for policy loans 19,162 12,421 45,414 (1,694) 6,475 Contract charges (14,577) (1,885,022) (1,871,502) (21,937) (38,318) Contract terminations: Surrender benefits (2,083,130) (19,082,502) (23,544,045) (1,147,721) (3,076,115) Death benefits (246,016) (3,083,949) (3,849,326) (435,957) (671,038) --------------------------------------------------------------------------------------------------------------------------- Units outstanding at end of year 24,897,028 578,943,891 573,989,599 34,062,363 37,522,349 ---------------------------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. 210 RIVERSOURCE VARIABLE ACCOUNT 10 STATEMENTS OF CHANGES IN NET ASSETS
WF ADV WF ADV WF ADV VT VT INTL EQ, VT OPP, SM CAP GRO, YEAR ENDED DEC. 31, 2009 (CONTINUED) CL 2 CL 2 CL 2 OPERATIONS Investment income (loss) -- net $ (1,795,392) $ (360,099) $ (571,333) Net realized gain (loss) on sales of investments 4,093,136 (5,275,363) (5,412,622) Distributions from capital gains -- -- -- Net change in unrealized appreciation or depreciation of investments 127,731,038 21,395,093 32,780,362 -------------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 130,028,782 15,759,631 26,796,407 -------------------------------------------------------------------------------------------------------- CONTRACT TRANSACTIONS Contract purchase payments 67,703,389 1,471,978 3,182,460 Net transfers(1) 533,788,776 (5,285,110) 7,750,193 Transfers for policy loans 488 15,174 (2,583) Adjustments to net assets allocated to contracts in payment period 109,568 (1,723) 34,230 Contract charges (1,658,931) (38,689) (45,747) Contract terminations: Surrender benefits (12,051,111) (2,264,374) (3,115,446) Death benefits (1,949,339) (347,323) (627,875) -------------------------------------------------------------------------------------------------------- Increase (decrease) from contract transactions 585,942,840 (6,450,067) 7,175,232 -------------------------------------------------------------------------------------------------------- Net assets at beginning of year 36,329,913 38,279,148 50,668,365 -------------------------------------------------------------------------------------------------------- Net assets at end of year $752,301,535 $47,588,712 $84,640,004 -------------------------------------------------------------------------------------------------------- ACCUMULATION UNIT ACTIVITY Units outstanding at beginning of year 36,965,891 45,513,898 65,402,599 Contract purchase payments 81,505,259 1,601,807 3,408,574 Net transfers(1) 673,475,027 (5,659,705) 7,559,651 Transfers for policy loans (3,462) 15,613 (3,746) Contract charges (1,874,171) (39,188) (49,793) Contract terminations: Surrender benefits (12,314,599) (2,259,191) (3,323,571) Death benefits (2,081,526) (357,533) (653,121) -------------------------------------------------------------------------------------------------------- Units outstanding at end of year 775,672,419 38,815,701 72,340,593 --------------------------------------------------------------------------------------------------------
(1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life's fixed account. See accompanying notes to financial statements. RIVERSOURCE VARIABLE ACCOUNT 10 211 NOTES TO FINANCIAL STATEMENTS 1. ORGANIZATION RiverSource Variable Account 10 (the Account) was established under Minnesota law as a segregated asset account of RiverSource Life Insurance Company (RiverSource Life). The Account is registered as a unit investment trust under the Investment Company Act of 1940, as amended (the 1940 Act) and exists in accordance with the rules and regulations of the Insurance Division, Department of Commerce of the State of Minnesota. The Account is used as a funding vehicle for individual variable annuity contracts issued by RiverSource Life. The following is a list of each variable annuity product funded through the Account. RiverSource Retirement Advisor Variable Annuity(R) (RAVA) RiverSource Retirement Advisor Variable Annuity(R) - Band 3 (RAVA Band 3)* RiverSource Retirement Advisor Advantage(R) Variable Annuity (RAVA Advantage) RiverSource Retirement Advisor Select(R) Variable Annuity (RAVA Select) RiverSource Retirement Advisor Advantage(R) Variable Annuity - Band 3 (RAVA Advantage Band 3)* RiverSource Retirement Advisor Advantage Plus(R) Variable Annuity (RAVA Advantage Plus) RiverSource Retirement Advisor Select Plus(R) Variable Annuity (RAVA Select Plus) RiverSource Retirement Advisor 4 Advantage(R) Variable Annuity (RAVA 4 Advantage) RiverSource Retirement Advisor 4 Select(R) Variable Annuity (RAVA 4 Select) RiverSource Retirement Advisor 4 Access(R) Variable Annuity (RAVA 4 Access) RiverSource(R) RAVA 5 Advantage Variable Annuity (RAVA 5 Advantage) RiverSource(R) RAVA 5 Select Variable Annuity (RAVA 5 Select) RiverSource(R) RAVA 5 Access Variable Annuity (RAVA 5 Access) RiverSource(R) Flexible Portfolio Annuity (FPA) * New contracts are no longer being issued for this product. As a result, an annual contract prospectus and statement of additional information are no longer distributed. An annual report for this product is distributed to all current contract holders. The Account is comprised of various divisions. Each division invests exclusively in shares of the following funds or portfolios (collectively, the Funds), which are registered under the 1940 Act as open-end management investment companies. The name of each Fund and the corresponding division name are provided below. Each division is comprised of subaccounts. Individual variable annuity accounts invest in subaccounts.
DIVISION FUND -------------------------------------------------------------------------------------------------------------- AB VPS Global Thematic Gro, Cl B AllianceBernstein VPS Global Thematic Growth Portfolio (Class B) AB VPS Gro & Inc, Cl B AllianceBernstein VPS Growth and Income Portfolio (Class B) AB VPS Intl Val, Cl B AllianceBernstein VPS International Value Portfolio (Class B) AB VPS Lg Cap Gro, Cl B AllianceBernstein VPS Large Cap Growth Portfolio (Class B) AC VP Intl, Cl I American Century VP International, Class I AC VP Intl, Cl II American Century VP International, Class II AC VP Mid Cap Val, Cl II American Century VP Mid Cap Value, Class II AC VP Ultra, Cl II American Century VP Ultra(R), Class II AC VP Val, Cl I American Century VP Value, Class I AC VP Val, Cl II American Century VP Value, Class II Calvert VP SRI Bal Calvert Variable Series, Inc. VP SRI Balanced Portfolio (previously Calvert Variable Series, Inc. VP SRI Social Balanced Portfolio) Col VP Hi Inc, Cl 2 Columbia Variable Portfolio - High Income Fund, Class 2 (previously Columbia High Yield Fund, Variable Series, Class B) Col VP Marsico Gro, Cl 1 Columbia Variable Portfolio - Marsico Growth Fund, Class 1 (previously Columbia Marsico Growth Fund, Variable Series, Class A) Col VP Marsico Intl Opp, Cl 2 Columbia Variable Portfolio - Marsico International Opportunities Fund, Class 2 (previously Columbia Marsico International Opportunities Fund, Variable Series, Class B) CS Commodity Return Credit Suisse Trust - Commodity Return Strategy Portfolio CS U.S. Eq Flex I Credit Suisse Trust - U.S. Equity Flex I Portfolio(1) Drey VIF Intl Eq, Serv Dreyfus Variable Investment Fund International Equity Portfolio, Service Shares EV VT Floating-Rate Inc Eaton Vance VT Floating-Rate Income Fund Fid VIP Contrafund, Serv Cl 2 Fidelity(R) VIP Contrafund(R) Portfolio Service Class 2 Fid VIP Gro & Inc, Serv Cl Fidelity(R) VIP Growth & Income Portfolio Service Class Fid VIP Gro & Inc, Serv Cl 2 Fidelity(R) VIP Growth & Income Portfolio Service Class 2 Fid VIP Mid Cap, Serv Cl Fidelity(R) VIP Mid Cap Portfolio Service Class Fid VIP Mid Cap, Serv Cl 2 Fidelity(R) VIP Mid Cap Portfolio Service Class 2 Fid VIP Overseas, Serv Cl Fidelity(R) VIP Overseas Portfolio Service Class Fid VIP Overseas, Serv Cl 2 Fidelity(R) VIP Overseas Portfolio Service Class 2
- 212 RIVERSOURCE VARIABLE ACCOUNT 10
DIVISION FUND -------------------------------------------------------------------------------------------------------------- FTVIPT Frank Global Real Est, FTVIPT Franklin Global Real Estate Securities Fund - Class 2 Cl 2 FTVIPT Frank Sm Cap Val, Cl 2 FTVIPT Franklin Small Cap Value Securities Fund - Class 2 FTVIPT Mutual Shares Sec, Cl 2 FTVIPT Mutual Shares Securities Fund - Class 2 GS VIT Mid Cap Val, Inst Goldman Sachs VIT Mid Cap Value Fund - Institutional Shares GS VIT Structd Sm Cap Eq, Inst Goldman Sachs VIT Structured Small Cap Equity Fund - Institutional Shares GS VIT Structd U.S. Eq, Inst Goldman Sachs VIT Structured U.S. Equity Fund - Institutional Shares Invesco VI Cap Appr, Ser I Invesco V.I. Capital Appreciation Fund, Series I Shares Invesco VI Cap Appr, Ser II Invesco V.I. Capital Appreciation Fund, Series II Shares Invesco VI Cap Dev, Ser I Invesco V.I. Capital Development Fund, Series I Shares(2) Invesco VI Cap Dev, Ser II Invesco V.I. Capital Development Fund, Series II Shares Invesco VI Core Eq, Ser I Invesco V.I. Core Equity Fund, Series I Shares Invesco VI Dyn, Ser I Invesco V.I. Dynamics Fund, Series I Shares(2) Invesco VI Fin Serv, Ser I Invesco V.I. Financial Services Fund, Series I Shares(3) Invesco VI Fin Serv, Ser II Invesco V.I. Financial Services Fund, Series II Shares(4) Invesco VI Global Hlth, Ser II Invesco V.I. Global Health Care Fund, Series II Shares Invesco VI Intl Gro, Ser II Invesco V.I. International Growth Fund, Series II Shares Invesco VI Tech, Ser I Invesco V.I. Technology Fund, Series I Shares Invesco VanK VI Comstock, Ser II Invesco Van Kampen V.I. Comstock Fund, Series II Shares (previously Van Kampen Life Investment Trust Comstock Portfolio, Class II Shares) Janus Aspen Enterprise, Serv Janus Aspen Series Enterprise Portfolio: Service Shares Janus Aspen Global Tech, Serv Janus Aspen Series Global Technology Portfolio: Service Shares Janus Aspen Janus, Serv Janus Aspen Series Janus Portfolio: Service Shares Janus Aspen Overseas, Serv Janus Aspen Series Overseas Portfolio: Service Shares LM CB Var Sm Cap Gro, Cl I Legg Mason ClearBridge Variable Small Cap Growth Portfolio, Class I MFS Inv Gro Stock, Serv Cl MFS(R) Investors Growth Stock Series - Service Class MFS New Dis, Serv Cl MFS(R) New Discovery Series - Service Class MFS Utilities, Serv Cl MFS(R) Utilities Series - Service Class MS UIF Global Real Est, Cl II Morgan Stanley UIF Global Real Estate Portfolio, Class II Shares (previously Van Kampen's UIF Global Real Estate Portfolio, Class II Shares) MS UIF Mid Cap Gro, Cl II Morgan Stanley UIF Mid Cap Growth Portfolio, Class II Shares (previously Van Kampen's UIF Mid Cap Growth Portfolio, Class II Shares) NB AMT Intl, Cl S Neuberger Berman Advisers Management Trust International Portfolio (Class S) NB AMT Soc Responsive, Cl S Neuberger Berman Advisers Management Trust Socially Responsive Portfolio (Class S) Oppen Global Sec VA, Serv Oppenheimer Global Securities Fund/VA, Service Shares Oppen Global Strategic Inc VA, Oppenheimer Global Strategic Income Fund/VA, Service Shares Srv Oppen Main St Sm Mid Cap VA, Serv Oppenheimer Main Street Small- & Mid-Cap Fund(R)/VA, Service Shares (previously Oppenheimer Main Street Small Cap Fund/VA, Service Shares) Oppen Val VA, Serv Oppenheimer Value Fund/VA, Service Shares PIMCO VIT All Asset, Advisor Cl PIMCO VIT All Asset Portfolio, Advisor Share Class Put VT Global Hlth Care, Cl IB Putnam VT Global Health Care Fund - Class IB Shares Put VT Intl Eq, Cl IB Putnam VT International Equity Fund - Class IB Shares Put VT Multi-Cap Gro, Cl IA Putnam VT Multi-Cap Growth Fund - Class IA Shares (previously Putnam VT New Opportunities Fund - Class IA Shares) Put VT Multi-Cap Gro, Cl IB Putnam VT Multi-Cap Growth Fund - Class IB Shares(5) Royce Micro-Cap, Invest Cl Royce Capital Fund - Micro-Cap Portfolio, Investment Class Disc Asset Alloc, Aggr Disciplined Asset Allocation Portfolios - Aggressive(6) Disc Asset Alloc, Conserv Disciplined Asset Allocation Portfolios - Conservative(7) Disc Asset Alloc, Mod Disciplined Asset Allocation Portfolios - Moderate(8) Disc Asset Alloc, Mod Aggr Disciplined Asset Allocation Portfolios - Moderately Aggressive(9) Disc Asset Alloc, Mod Conserv Disciplined Asset Allocation Portfolios - Moderately Conservative(10) Col VP Bal, Cl 3 Columbia Variable Portfolio - Balanced Fund (Class 3) (previously RVST RiverSource Variable Portfolio - Balanced Fund (Class 3)) Col VP Cash Mgmt, Cl 2 Columbia Variable Portfolio - Cash Management Fund (Class 2) (previously RVST RiverSource Variable Portfolio - Cash Management Fund (Class 2)) Col VP Cash Mgmt, Cl 3 Columbia Variable Portfolio - Cash Management Fund (Class 3) (previously RVST RiverSource Variable Portfolio - Cash Management Fund (Class 3)) Col VP Div Bond, Cl 2 Columbia Variable Portfolio - Diversified Bond Fund (Class 2) (previously RVST RiverSource Variable Portfolio - Diversified Bond Fund (Class 2)) Col VP Div Bond, Cl 3 Columbia Variable Portfolio - Diversified Bond Fund (Class 3) (previously RVST RiverSource Variable Portfolio - Diversified Bond Fund (Class 3)) Col VP Div Eq Inc, Cl 2 Columbia Variable Portfolio - Diversified Equity Income Fund (Class 2) (previously RVST RiverSource Variable Portfolio - Diversified Equity Income Fund (Class 2)) Col VP Div Eq Inc, Cl 3 Columbia Variable Portfolio - Diversified Equity Income Fund (Class 3) (previously RVST RiverSource Variable Portfolio - Diversified Equity Income Fund (Class 3)) Col VP Dyn Eq, Cl 2 Columbia Variable Portfolio - Dynamic Equity Fund (Class 2) (previously RVST RiverSource Variable Portfolio - Dynamic Equity Fund (Class 2))
- RIVERSOURCE VARIABLE ACCOUNT 10 213
DIVISION FUND -------------------------------------------------------------------------------------------------------------- Col VP Dyn Eq, Cl 3 Columbia Variable Portfolio - Dynamic Equity Fund (Class 3) (previously RVST RiverSource Variable Portfolio - Dynamic Equity Fund (Class 3)) Col VP Global Bond, Cl 2 Columbia Variable Portfolio - Global Bond Fund (Class 2) (previously RVST RiverSource Variable Portfolio - Global Bond Fund (Class 2)) Col VP Global Bond, Cl 3 Columbia Variable Portfolio - Global Bond Fund (Class 3) (previously RVST RiverSource Variable Portfolio - Global Bond Fund (Class 3)) Col VP Global Inflation Prot Sec, Columbia Variable Portfolio - Global Inflation Protected Securities Fund Cl 2 (Class 2) (previously RVST RiverSource Variable Portfolio - Global Inflation Protected Securities Fund (Class 2)) Col VP Global Inflation Prot Sec, Columbia Variable Portfolio - Global Inflation Protected Securities Fund Cl 3 (Class 3) (previously RVST RiverSource Variable Portfolio - Global Inflation Protected Securities Fund (Class 3)) Col VP Hi Yield Bond, Cl 2 Columbia Variable Portfolio - High Yield Bond Fund (Class 2) (previously RVST RiverSource Variable Portfolio - High Yield Bond Fund (Class 2)) Col VP Hi Yield Bond, Cl 3 Columbia Variable Portfolio - High Yield Bond Fund (Class 3) (previously RVST RiverSource Variable Portfolio - High Yield Bond Fund (Class 3)) Col VP Inc Opp, Cl 2 Columbia Variable Portfolio - Income Opportunities Fund (Class 2) (previously RVST RiverSource Variable Portfolio - Income Opportunities Fund (Class 2)) Col VP Inc Opp, Cl 3 Columbia Variable Portfolio - Income Opportunities Fund (Class 3) (previously RVST RiverSource Variable Portfolio - Income Opportunities Fund (Class 3)) Col VP Limited Duration Cr, Cl 2 Columbia Variable Portfolio - Limited Duration Credit Fund (Class 2) (previously RVST RiverSource Variable Portfolio - Limited Duration Bond Fund (Class 2)) Col VP Mid Cap Gro Opp, Cl 2 Columbia Variable Portfolio - Mid Cap Growth Opportunity Fund (Class 2) (previously RVST RiverSource Variable Portfolio - Mid Cap Growth Fund (Class 2)) Col VP Mid Cap Gro Opp, Cl 3 Columbia Variable Portfolio - Mid Cap Growth Opportunity Fund (Class 3) (previously RVST RiverSource Variable Portfolio - Mid Cap Growth Fund (Class 3)) Col VP Mid Cap Val Opp, Cl 2 Columbia Variable Portfolio - Mid Cap Value Opportunity Fund (Class 2) (previously RVST RiverSource Variable Portfolio - Mid Cap Value Fund (Class 2)) Col VP Mid Cap Val Opp, Cl 3 Columbia Variable Portfolio - Mid Cap Value Opportunity Fund (Class 3) (previously RVST RiverSource Variable Portfolio - Mid Cap Value Fund (Class 3)) Col VP S&P 500, Cl 3 Columbia Variable Portfolio - S&P 500 Index Fund (Class 3) (previously RVST RiverSource Variable Portfolio - S&P 500 Index Fund (Class 3)) Col VP Short Duration, Cl 2 Columbia Variable Portfolio - Short Duration U.S. Government Fund (Class 2) (previously RVST RiverSource Variable Portfolio - Short Duration U.S. Government Fund (Class 2)) Col VP Short Duration, Cl 3 Columbia Variable Portfolio - Short Duration U.S. Government Fund (Class 3) (previously RVST RiverSource Variable Portfolio - Short Duration U.S. Government Fund (Class 3)) RVS VP Strategic Inc, Cl 2 RiverSource Variable Portfolio - Strategic Income Fund (Class 2)(11) Col VP Lg Cap Gro, Cl 2 Columbia Variable Portfolio - Large Cap Growth Fund (Class 2) (previously RVST Seligman Variable Portfolio - Growth Fund (Class 2)) Col VP Lg Cap Gro, Cl 3 Columbia Variable Portfolio - Large Cap Growth Fund (Class 3) (previously RVST Seligman Variable Portfolio - Growth Fund (Class 3)) Col VP Select Lg Cap Val, Cl 2 Columbia Variable Portfolio - Select Large-Cap Value Fund (Class 2) (previously RVST Seligman Variable Portfolio - Larger-Cap Value Fund (Class 2)) Col VP Select Lg Cap Val, Cl 3 Columbia Variable Portfolio - Select Large-Cap Value Fund (Class 3) (previously RVST Seligman Variable Portfolio - Larger-Cap Value Fund (Class 3)) Col VP Select Sm Cap Val, Cl 2 Columbia Variable Portfolio - Select Smaller-Cap Value Fund (Class 2) (previously RVST Seligman Variable Portfolio - Smaller-Cap Value Fund (Class 2)) Col VP Select Sm Cap Val, Cl 3 Columbia Variable Portfolio - Select Smaller-Cap Value Fund (Class 3) (previously RVST Seligman Variable Portfolio - Smaller-Cap Value Fund (Class 3)) Col VP Emer Mkts Opp, Cl 2 Columbia Variable Portfolio - Emerging Markets Opportunity Fund (Class 2) (previously RVST Threadneedle Variable Portfolio - Emerging Markets Fund (Class 2)) Col VP Emer Mkts Opp, Cl 3 Columbia Variable Portfolio - Emerging Markets Opportunity Fund (Class 3) (previously RVST Threadneedle Variable Portfolio - Emerging Markets Fund (Class 3)) Col VP Intl Opp, Cl 2 Columbia Variable Portfolio - International Opportunity Fund (Class 2) (previously RVST Threadneedle Variable Portfolio - International Opportunity Fund (Class 2)) Col VP Intl Opp, Cl 3 Columbia Variable Portfolio - International Opportunity Fund (Class 3) (previously RVST Threadneedle Variable Portfolio - International Opportunity Fund (Class 3)) VP Aggr, Cl 2 Variable Portfolio - Aggressive Portfolio (Class 2)(6) VP Aggr, Cl 4 Variable Portfolio - Aggressive Portfolio (Class 4) VP AB Intl Val, Cl 2 Variable Portfolio - AllianceBernstein International Value Fund (Class 2) VP AC Div Bond, Cl 2 Variable Portfolio - American Century Diversified Bond Fund (Class 2) VP AC Gro, Cl 2 Variable Portfolio - American Century Growth Fund (Class 2) VP Col Wanger Intl Eq, Cl 2 Variable Portfolio - Columbia Wanger International Equities Fund (Class 2) VP Col Wanger US Eq, Cl 2 Variable Portfolio - Columbia Wanger U.S. Equities Fund (Class 2) VP Conserv, Cl 2 Variable Portfolio - Conservative Portfolio (Class 2)(7) VP Conserv, Cl 4 Variable Portfolio - Conservative Portfolio (Class 4) VP Davis NY Venture, Cl 2 Variable Portfolio - Davis New York Venture Fund (Class 2) VP Davis NY Venture, Cl 3 Variable Portfolio - Davis New York Venture Fund (Class 3) VP EV Floating Rate Inc, Cl 2 Variable Portfolio - Eaton Vance Floating-Rate Income Fund (Class 2) VP GS Mid Cap Val, Cl 2 Variable Portfolio - Goldman Sachs Mid Cap Value Fund (Class 2)
- 214 RIVERSOURCE VARIABLE ACCOUNT 10
DIVISION FUND -------------------------------------------------------------------------------------------------------------- VP GS Mid Cap Val, Cl 3 Variable Portfolio - Goldman Sachs Mid Cap Value Fund (Class 3) VP Invesco Intl Gro, Cl 2 Variable Portfolio - Invesco International Growth Fund (Class 2) VP JPM Core Bond, Cl 2 Variable Portfolio - J.P. Morgan Core Bond Fund (Class 2) VP Jennison Mid Cap Gro, Cl 2 Variable Portfolio - Jennison Mid Cap Growth Fund (Class 2) VP Marsico Gro, Cl 2 Variable Portfolio - Marsico Growth Fund (Class 2) VP MFS Val, Cl 2 Variable Portfolio - MFS Value Fund (Class 2) VP Mod, Cl 2 Variable Portfolio - Moderate Portfolio (Class 2)(8) VP Mod, Cl 4 Variable Portfolio - Moderate Portfolio (Class 4) VP Mod Aggr, Cl 2 Variable Portfolio - Moderately Aggressive Portfolio (Class 2)(9) VP Mod Aggr, Cl 4 Variable Portfolio - Moderately Aggressive Portfolio (Class 4) VP Mod Conserv, Cl 2 Variable Portfolio - Moderately Conservative Portfolio (Class 2)(10) VP Mod Conserv, Cl 4 Variable Portfolio - Moderately Conservative Portfolio (Class 4) VP MS Global Real Est, Cl 2 Variable Portfolio - Morgan Stanley Global Real Estate Fund (Class 2) VP NFJ Divd Val, Cl 2 Variable Portfolio - NFJ Dividend Value Fund (Class 2) VP Nuveen Winslow Lg Cap Gro, Variable Portfolio - Nuveen Winslow Large Cap Growth Fund (Class 2) Cl 2 (previously RVST Variable Portfolio - UBS Large Cap Growth Fund (Class 2)) VP Ptnrs Sm Cap Gro, Cl 2 Variable Portfolio - Partners Small Cap Growth Fund (Class 2) VP Ptnrs Sm Cap Val, Cl 2 Variable Portfolio - Partners Small Cap Value Fund (Class 2) VP Ptnrs Sm Cap Val, Cl 3 Variable Portfolio - Partners Small Cap Value Fund (Class 3) VP PIMCO Mortgage Backed Sec, Variable Portfolio - PIMCO Mortgage-Backed Securities Fund (Class 2) Cl 2 VP Pyramis Intl Eq, Cl 2 Variable Portfolio - Pyramis(R) International Equity Fund (Class 2) VP WF Short Duration Govt, Cl 2 Variable Portfolio - Wells Fargo Short Duration Government Fund (Class 2) Third Ave Val Third Avenue Value Portfolio Wanger Intl Wanger International Wanger USA Wanger USA WF Adv VT Core Eq, Cl 2 Wells Fargo Advantage VT Core Equity Fund - Class 2 (previously Evergreen VA Fundamental Large Cap Fund - Class 2) WF Adv VT Index Asset Alloc, Cl 2 Wells Fargo Advantage VT Index Asset Allocation Fund - Class 2 WF Adv VT Intl Eq, Cl 2 Wells Fargo Advantage VT International Equity Fund - Class 2(12) WF Adv VT Opp, Cl 2 Wells Fargo Advantage VT Opportunity Fund - Class 2 WF Adv VT Sm Cap Gro, Cl 2 Wells Fargo Advantage VT Small Cap Growth Fund - Class 2 --------------------------------------------------------------------------------------------------------------
(1) Credit Suisse Trust - U.S. Equity Flex III Portfolio reorganized into Credit Suisse Trust - U.S. Equity Flex I Portfolio on Oct. 2, 2009. (2) Invesco V.I. Dynamics Fund, Series I Shares is scheduled to be merged into Invesco V.I. Capital Development Fund, Series I Shares on April 29, 2011. (3) Invesco V.I. Financial Services Fund, Series I Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series I Shares on April 29, 2011. (4) Invesco V.I. Financial Services Fund, Series II Shares is scheduled to be merged into Invesco V.I. Dividend Growth Fund, Series II Shares on April 29, 2011. (5) Putnam VT Vista Fund - Class IB Shares merged into Putnam VT Multi-Cap Growth Fund - Class IB Shares on Sept. 24, 2010. (6) Disciplined Asset Allocation Portfolios - Aggressive is scheduled to be merged into Variable Portfolio - Aggressive Portfolio (Class 2) on April 29, 2011. (7) Disciplined Asset Allocation Portfolios - Conservative is scheduled to be merged into Variable Portfolio - Conservative Portfolio (Class 2) on April 29, 2011. (8) Disciplined Asset Allocation Portfolios - Moderate is scheduled to be merged into Variable Portfolio - Moderate Portfolio (Class 2) on April 29, 2011. (9) Disciplined Asset Allocation Portfolios - Moderately Aggressive is scheduled to be merged into Variable Portfolio - Moderately Aggressive Portfolio (Class 2) on April 29, 2011. (10) Disciplined Asset Allocation Portfolios - Moderately Conservative is scheduled to be merged into Variable Portfolio - Moderately Conservative Portfolio (Class 2) on April 29, 2011. (11) RiverSource Variable Portfolio - Strategic Income Fund (Class 2) is scheduled to be merged into Columbia Variable Portfolio - Strategic Income Fund, Class 2 on April 29, 2011. (12) Evergreen VA International Equity Fund - Class 2 merged into Wells Fargo Advantage VT International Core Fund on July 16, 2010. In addition, Wells Fargo Advantage VT International Core Fund changed its name to Wells Fargo Advantage VT International Equity Fund - Class 2. The historical financial information for Evergreen VA International Equity Fund - Class 2 was retained from the inception date to the date of the merger. The assets of each division of the Account are not chargeable with liabilities arising out of the business conducted by any other segregated asset account or by RiverSource Life. RiverSource Life serves as issuer of the contract. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES INVESTMENTS IN THE FUNDS Investment transactions are accounted for on the date the shares are purchased and sold. Realized gains and losses on the sales of investments are computed using the average cost method. Income from dividends and gains from realized capital gain distributions are reinvested in additional shares of the Funds and are recorded as income by the divisions on the ex-dividend date. Unrealized appreciation or depreciation of investments in the accompanying financial statements represents the division's share of the Funds' undistributed net investment income, undistributed realized gain or loss and the unrealized appreciation or depreciation on their investment securities. RIVERSOURCE VARIABLE ACCOUNT 10 215 The Account categorizes its fair value measurements according to a three-level hierarchy. This hierarchy prioritizes the inputs used by the Account to value investment securities. A level is assigned to each fair value measurement based on the lowest level input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are defined as follows: Level 1 - Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date. Level 2 - Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities. Level 3 - Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. The Funds in the Accounts have been assigned a Level 2 hierarchy, which indicates that the Funds are not considered to be active as there are few daily net asset values released publicly. Investments in shares of the Funds are stated at fair value which is the net asset value per share as determined by the respective Funds. There were no transfers between levels as of Dec. 31, 2010. VARIABLE PAYOUT Net assets allocated to contracts in the payout period are periodically compared to a computation which uses the Annuity 2000 Basic Mortality Table and which assumes future mortality improvement. The assumed investment return is 5% unless the annuitant elects otherwise, in which case the rate would be 3.5%, as regulated by the laws of the respective states. The mortality risk is fully borne by RiverSource Life and may result in additional amounts being transferred into the variable annuity account by RiverSource Life to cover greater longevity of annuitants than expected. Conversely, if amounts allocated exceed amounts required, transfers may be made to the insurance company. FEDERAL INCOME TAXES RiverSource Life is taxed as a life insurance company. The Account is treated as part of RiverSource Life for federal income tax purposes. Under existing federal income tax law, no income taxes are payable with respect to any investment income of the Account to the extent the earnings are credited under the contracts. Based on this, no charge is being made currently to the Account for federal income taxes. RiverSource Life will review periodically the status of this policy. In the event of changes in the tax law, a charge may be made in future years for any federal income taxes that would be attributable to the contracts. SUBSEQUENT EVENTS Management has evaluated Account related events and transactions that occurred during the period from the date of the Statements of Assets and Liabilities through the date of issuance of the Account's financial statements. There were no events or transactions that occurred during the period that materially impacted the amounts or disclosures in the Account's financial statements. USE OF ESTIMATES The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results could differ from those estimates. 3. VARIABLE ACCOUNT EXPENSES RiverSource Life deducts a daily mortality and expense risk fee equal, on an annual basis, to the following percent of the average daily net assets of each subaccount.
PRODUCT MORTALITY AND EXPENSE RISK FEE -------------------------------------------------------------------------------------------------- RAVA 0.75% to 0.95% (depending on the contract selected) -------------------------------------------------------------------------------------------------- RAVA Band 3 0.55% -------------------------------------------------------------------------------------------------- RAVA Advantage 0.75% to 0.95% (depending on the contract selected) -------------------------------------------------------------------------------------------------- RAVA Select 1.00% to 1.20% (depending on the contract selected) -------------------------------------------------------------------------------------------------- RAVA Advantage Band 3 0.55% -------------------------------------------------------------------------------------------------- RAVA Advantage Plus 0.55% to 0.95% (depending on the contract selected) -------------------------------------------------------------------------------------------------- RAVA Select Plus 0.75% to 1.20% (depending on the contract selected) -------------------------------------------------------------------------------------------------- RAVA 4 Advantage 0.85% to 1.05% (depending on the contract selected) --------------------------------------------------------------------------------------------------
216 RIVERSOURCE VARIABLE ACCOUNT 10
PRODUCT MORTALITY AND EXPENSE RISK FEE -------------------------------------------------------------------------------------------------- RAVA 4 Select 1.10% to 1.30% (depending on the contract selected) -------------------------------------------------------------------------------------------------- RAVA 4 Access 1.25% to 1.45% (depending on the contract selected) -------------------------------------------------------------------------------------------------- RAVA 5 Advantage 0.85% to 1.40% (depending on the contract selected) -------------------------------------------------------------------------------------------------- RAVA 5 Select 1.20% to 1.65% (depending on the contract selected) -------------------------------------------------------------------------------------------------- RAVA 5 Access 1.35% to 1.80% (depending on the contract selected) -------------------------------------------------------------------------------------------------- FPA 1.25% --------------------------------------------------------------------------------------------------
4. CONTRACT CHARGES RiverSource Life deducts a contract administrative charge of $30 per year on the contract anniversary. This charge reimburses RiverSource Life for expenses incurred in establishing and maintaining the annuity records. Certain products may waive this charge based upon the underlying contract value. Optional riders are available on certain products and if selected, the related fees are deducted annually from the contract value on the contract anniversary. Additional information can be found in the applicable product's prospectus. 5. SURRENDER CHARGES RiverSource Life may use a surrender charge to help it recover certain expenses related to the sale of the annuity. When applicable, a surrender charge will apply for a maximum number of years, as depicted in the surrender charge schedule included in the applicable product's prospectus. Such charges are not treated as a separate expense of the divisions as they are ultimately deducted from contract surrender benefits paid by RiverSource Life. Charges by RiverSource Life for surrenders are not identified on an individual division basis. 6. RELATED PARTY TRANSACTIONS RiverSource Life is a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). On May 1, 2010, Ameriprise Financial announced the closing of its acquisition of the long-term asset management business of Columbia Management Group, LLC and certain of its affiliated companies from Bank of America (the Columbia Transaction). In connection with the Columbia Transaction, effective May 1, 2010, certain Fund's investment manager, RiverSource Investments, LLC, a wholly owned subsidiary of Ameriprise Financial, changed its name to Columbia Management Investment Advisers, LLC. Certain divisions invest in Funds managed by Columbia Management Investment Advisers, LLC and Columbia Wanger Asset Management, LLC, both affiliates of Ameriprise Financial. The following table reflects fees paid by certain funds to Ameriprise Financial and its affiliates. Additional details about these asset based charges can be found in the respective Fund's Annual Report.
FEE AGREEMENT: FEES PAID TO: ---------------------------------------------------------------------------------------------- Investment Management Services Agreement Columbia Management Investment Advisers, LLC ---------------------------------------------------------------------------------------------- Administrative Services Agreement Ameriprise Financial ---------------------------------------------------------------------------------------------- Transfer Agency and Servicing Agreement Columbia Management Investment Services Corp. (previously RiverSource Service Corporation) ---------------------------------------------------------------------------------------------- Plan and Agreement of Distribution Pursuant to Columbia Management Investment Distributors, Rule 12b-1 Inc. (previously RiverSource Distributors, Inc.) ----------------------------------------------------------------------------------------------
During the second quarter of 2010, assets of policyholders participating in the Portfolio Navigator program were reallocated to affiliated fund of funds investment options that corresponded to their model portfolio, pursuant to their consent. This reallocation in part resulted in a movement of assets from non- affiliated funds and RiverSource Life's general account to affiliated funds. 7. INVESTMENT TRANSACTIONS The divisions' purchases of Funds' shares, including reinvestment of dividend distributions, for the year ended Dec. 31, 2010 were as follows:
DIVISION PURCHASES ----------------------------------------------------- AB VPS Global Thematic Gro, Cl B $ 3,531,373 AB VPS Gro & Inc, Cl B 1,700,345 AB VPS Intl Val, Cl B 25,484,770 AB VPS Lg Cap Gro, Cl B 1,173,033 AC VP Intl, Cl I 1,260,620 AC VP Intl, Cl II 3,134,555 AC VP Mid Cap Val, Cl II 14,368,798 AC VP Ultra, Cl II 4,163,874 AC VP Val, Cl I 2,216,092 AC VP Val, Cl II 13,897,637
RIVERSOURCE VARIABLE ACCOUNT 10 217
DIVISION PURCHASES ----------------------------------------------------- Calvert VP SRI Bal $ 1,349,910 Col VP Hi Inc, Cl 2 16,600,992 Col VP Marsico Gro, Cl 1 61,842,966 Col VP Marsico Intl Opp, Cl 2 4,606,709 CS Commodity Return 18,905,314 CS U.S. Eq Flex I 293,828 Drey VIF Intl Eq, Serv 1,334,034 EV VT Floating-Rate Inc 111,799,978 Fid VIP Contrafund, Serv Cl 2 29,810,321 Fid VIP Gro & Inc, Serv Cl 836,348 Fid VIP Gro & Inc, Serv Cl 2 1,717,955 Fid VIP Mid Cap, Serv Cl 933,779 Fid VIP Mid Cap, Serv Cl 2 24,354,785 Fid VIP Overseas, Serv Cl 895,719 Fid VIP Overseas, Serv Cl 2 5,503,148 FTVIPT Frank Global Real Est, Cl 2 7,735,837 FTVIPT Frank Sm Cap Val, Cl 2 5,432,986 FTVIPT Mutual Shares Sec, Cl 2 9,503,137 GS VIT Mid Cap Val, Inst 2,847,566 GS VIT Structd Sm Cap Eq, Inst 413,483 GS VIT Structd U.S. Eq, Inst 5,886,853 Invesco VI Cap Appr, Ser I 461,751 Invesco VI Cap Appr, Ser II 3,885,183 Invesco VI Cap Dev, Ser I 73,492 Invesco VI Cap Dev, Ser II 921,367 Invesco VI Core Eq, Ser I 1,110,034 Invesco VI Dyn, Ser I 203,749 Invesco VI Fin Serv, Ser I 2,648,548 Invesco VI Fin Serv, Ser II 2,293,858 Invesco VI Global Hlth, Ser II 4,452,359 Invesco VI Intl Gro, Ser II 33,097,195 Invesco VI Tech, Ser I 4,557,464 Invesco VanK VI Comstock, Ser II 20,675,937 Janus Aspen Enterprise, Serv 256,162 Janus Aspen Global Tech, Serv 2,952,043 Janus Aspen Janus, Serv 60,265,142 Janus Aspen Overseas, Serv 6,266,913 LM CB Var Sm Cap Gro, Cl I 1,986,950 MFS Inv Gro Stock, Serv Cl 5,420,477 MFS New Dis, Serv Cl 3,334,241 MFS Utilities, Serv Cl 14,312,610 MS UIF Global Real Est, Cl II 28,572,148 MS UIF Mid Cap Gro, Cl II 8,845,932 NB AMT Intl, Cl S 17,268,494 NB AMT Soc Responsive, Cl S 867,747 Oppen Global Sec VA, Serv 9,471,864 Oppen Global Strategic Inc VA, Srv 309,400,315 Oppen Main St Sm Mid Cap VA, Serv 3,448,021 Oppen Val VA, Serv 877,622 PIMCO VIT All Asset, Advisor Cl 118,963,545 Put VT Global Hlth Care, Cl IB 1,076,725 Put VT Intl Eq, Cl IB 1,552,214 Put VT Multi-Cap Gro, Cl IA 444,089 Put VT Multi-Cap Gro, Cl IB 31,361,017 Royce Micro-Cap, Invest Cl 1,852,652 Disc Asset Alloc, Aggr 24,589,792 Disc Asset Alloc, Conserv 71,398,291 Disc Asset Alloc, Mod 124,826,686 Disc Asset Alloc, Mod Aggr 65,260,513 Disc Asset Alloc, Mod Conserv 70,876,099 Col VP Bal, Cl 3 289,185,646 Col VP Cash Mgmt, Cl 2 7,759,531 Col VP Cash Mgmt, Cl 3 635,687,828 Col VP Div Bond, Cl 2 3,724,608 Col VP Div Bond, Cl 3 4,369,600,000 Col VP Div Eq Inc, Cl 2 1,134,442 Col VP Div Eq Inc, Cl 3 3,002,714,224 Col VP Dyn Eq, Cl 2 26,106 Col VP Dyn Eq, Cl 3 588,694,219 Col VP Global Bond, Cl 2 1,711,025 Col VP Global Bond, Cl 3 1,550,629,099 Col VP Global Inflation Prot Sec, Cl 2 1,235,899 Col VP Global Inflation Prot Sec, Cl 3 2,007,392,159 Col VP Hi Yield Bond, Cl 2 2,046,840 Col VP Hi Yield Bond, Cl 3 560,077,781 Col VP Inc Opp, Cl 2 896,436 Col VP Inc Opp, Cl 3 1,523,758,331 Col VP Limited Duration Cr, Cl 2 1,499,588 Col VP Mid Cap Gro Opp, Cl 2 114,790 Col VP Mid Cap Gro Opp, Cl 3 128,298,466 Col VP Mid Cap Val Opp, Cl 2 247,117 Col VP Mid Cap Val Opp, Cl 3 275,156,801 Col VP S&P 500, Cl 3 158,089,722 Col VP Short Duration, Cl 2 2,709,376 Col VP Short Duration, Cl 3 390,970,517 RVS VP Strategic Inc, Cl 2 1,384,744 Col VP Lg Cap Gro, Cl 2 304,362 Col VP Lg Cap Gro, Cl 3 194,482,817 Col VP Select Lg Cap Val, Cl 2 174,849 Col VP Select Lg Cap Val, Cl 3 28,221,736 Col VP Select Sm Cap Val, Cl 2 147,531 Col VP Select Sm Cap Val, Cl 3 76,464,925 Col VP Emer Mkts Opp, Cl 2 1,915,869 Col VP Emer Mkts Opp, Cl 3 613,245,961 Col VP Intl Opp, Cl 2 464,257 Col VP Intl Opp, Cl 3 162,789,244 VP Aggr, Cl 2 194,750,080 VP Aggr, Cl 4 1,686,554,486 VP AB Intl Val, Cl 2 502,164 VP AC Div Bond, Cl 2 859,761 VP AC Gro, Cl 2 174,775 VP Col Wanger Intl Eq, Cl 2 1,197,291 VP Col Wanger US Eq, Cl 2 630,353 VP Conserv, Cl 2 188,692,967 VP Conserv, Cl 4 1,501,209,748 VP Davis NY Venture, Cl 2 435,085 VP Davis NY Venture, Cl 3 1,547,898,485 VP EV Floating Rate Inc, Cl 2 1,638,108 VP GS Mid Cap Val, Cl 2 508,616 VP GS Mid Cap Val, Cl 3 16,089,523 VP Invesco Intl Gro, Cl 2 397,735 VP JPM Core Bond, Cl 2 1,227,756 VP Jennison Mid Cap Gro, Cl 2 297,704 VP Marsico Gro, Cl 2 249,935 VP MFS Val, Cl 2 284,068 VP Mod, Cl 2 1,647,114,299 VP Mod, Cl 4 10,818,836,290 VP Mod Aggr, Cl 2 925,940,674 VP Mod Aggr, Cl 4 6,649,629,229 VP Mod Conserv, Cl 2 504,047,009 VP Mod Conserv, Cl 4 3,262,009,893 VP MS Global Real Est, Cl 2 809,701 VP NFJ Divd Val, Cl 2 197,830 VP Nuveen Winslow Lg Cap Gro, Cl 2 33,236 VP Ptnrs Sm Cap Gro, Cl 2 111,992 VP Ptnrs Sm Cap Val, Cl 2 421,777 VP Ptnrs Sm Cap Val, Cl 3 1,161,429,467 VP PIMCO Mortgage Backed Sec, Cl 2 454,366 VP Pyramis Intl Eq, Cl 2 79,745 VP WF Short Duration Govt, Cl 2 420,085 Third Ave Val 2,183,888 Wanger Intl 34,576,262 Wanger USA 13,516,548 WF Adv VT Core Eq, Cl 2 8,337,637
218 RIVERSOURCE VARIABLE ACCOUNT 10
DIVISION PURCHASES ----------------------------------------------------- WF Adv VT Index Asset Alloc, Cl 2 $ 1,367,270 WF Adv VT Intl Eq, Cl 2 54,915,985 WF Adv VT Opp, Cl 2 3,087,193 WF Adv VT Sm Cap Gro, Cl 2 12,132,499 -----------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 219 8. ACCUMULATION UNIT VALUES, UNITS OUTSTANDING AND NET ASSETS The following is a summary of accumulation unit values at Dec. 31, 2010:
AB VPS AB VPS AB VPS AB VPS AC VP GLOBAL THEMATIC GRO & INC, INTL VAL, LG CAP GRO, INTL, SUBACCOUNT GRO, CL B CL B CL B CL B CL I ---------------------------------------------------------------------------------------- 0.55% $1.28 $1.08 $1.72 $ -- $1.27 0.75% 1.26 1.06 1.69 -- 1.24 0.85% 1.28 0.96 0.83 1.09 -- 0.95% 1.25 1.04 1.66 1.21 1.21 1.00% 1.25 1.13 1.72 -- -- 1.05% 1.26 0.95 0.82 1.08 -- 1.10% 1.26 0.95 0.82 1.08 -- 1.20% 1.24 1.11 1.69 1.21 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.25 0.94 0.81 1.07 -- 1.30% 1.25 0.94 0.81 1.07 -- 1.35% -- -- -- 1.21 -- 1.40% -- -- -- 1.21 -- 1.45% 1.24 0.93 0.81 1.06 -- 1.55% -- -- -- 1.21 -- 1.60% -- -- -- 1.20 -- 1.65% -- -- -- 1.20 -- 1.70% -- -- -- 1.20 -- 1.75% -- -- -- 1.20 -- 1.80% -- -- -- 1.20 -- ----------------------------------------------------------------------------------------------------------------------------------- AC VP AC VP AC VP AC VP AC VP INTL, MID CAP VAL, ULTRA, VAL, VAL, SUBACCOUNT CL II CL II CL II CL I CL II ---------------------------------------------------------------------------------------- 0.55% $1.39 $1.04 $1.07 $1.75 $1.47 0.75% 1.37 1.03 1.06 1.71 1.45 0.85% -- 1.27 1.10 -- 1.05 0.95% 1.34 1.02 1.05 1.67 1.42 1.00% 1.55 1.02 1.05 -- 1.41 1.05% -- 1.26 1.09 -- 1.05 1.10% -- 1.26 1.09 -- 1.04 1.20% 1.52 1.01 1.03 -- 1.38 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- 1.25 1.09 -- 1.04 1.30% -- 1.25 1.08 -- 1.03 1.35% -- -- -- -- 1.16 1.40% -- -- -- -- 1.16 1.45% -- 1.24 1.08 -- 1.03 1.55% -- -- -- -- 1.16 1.60% -- -- -- -- 1.16 1.65% -- -- -- -- 1.16 1.70% -- -- -- -- 1.16 1.75% -- -- -- -- 1.16 1.80% -- -- -- -- 1.16 -----------------------------------------------------------------------------------------------------------------------------------
220 RIVERSOURCE VARIABLE ACCOUNT 10
CALVERT COL VP COL VP COL VP CS VP HI INC, MARSICO GRO, MARSICO INTL COMMODITY SUBACCOUNT SRI BAL CL 2 CL 1 OPP, CL 2 RETURN ---------------------------------------------------------------------------------------- 0.55% $1.10 $1.29 $1.10 $1.01 $1.03 0.75% 1.07 1.28 1.09 1.00 1.02 0.85% -- 1.29 1.16 1.13 1.07 0.95% 1.05 1.27 1.08 0.99 1.01 1.00% 1.20 1.27 1.07 0.99 1.01 1.05% -- 1.28 1.15 1.12 1.06 1.10% -- 1.28 1.15 1.11 1.05 1.20% 1.17 1.26 1.06 0.98 1.00 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- 1.27 1.14 1.11 1.05 1.30% -- 1.26 1.14 1.10 1.04 1.35% -- 0.97 -- 1.22 -- 1.40% -- 0.97 -- 1.22 -- 1.45% -- 1.26 1.13 1.10 1.04 1.55% -- 0.97 -- 1.22 -- 1.60% -- 0.97 -- 1.22 -- 1.65% -- 0.97 -- 1.22 -- 1.70% -- 0.97 -- 1.22 -- 1.75% -- 0.97 -- 1.22 -- 1.80% -- 0.97 -- 1.22 -- ----------------------------------------------------------------------------------------------------------------------------------- CS DREY VIF EV VT FID VIP FID VIP U.S. EQ INTL EQ, FLOATING-RATE CONTRAFUND, GRO & INC, SUBACCOUNT FLEX I SERV INC SERV CL 2 SERV CL ---------------------------------------------------------------------------------------- 0.55% $1.24 $ -- $1.18 $1.08 $1.09 0.75% 1.23 -- 1.17 1.07 1.06 0.85% -- 1.06 1.16 1.13 -- 0.95% 1.23 -- 1.15 1.06 1.04 1.00% -- -- 1.15 1.05 -- 1.05% -- 1.05 1.15 1.12 -- 1.10% -- 1.04 1.14 1.12 -- 1.20% -- -- 1.14 1.05 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.23 1.04 1.14 1.11 -- 1.30% -- 1.03 1.13 1.11 -- 1.35% -- -- -- 1.20 -- 1.40% -- -- -- 1.20 -- 1.45% -- 1.03 1.13 1.10 -- 1.55% -- -- -- 1.20 -- 1.60% -- -- -- 1.20 -- 1.65% -- -- -- 1.20 -- 1.70% -- -- -- 1.20 -- 1.75% -- -- -- 1.20 -- 1.80% -- -- -- 1.20 -- -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 221
FID VIP FID VIP FID VIP FID VIP FID VIP GRO & INC, MID CAP, MID CAP, OVERSEAS, OVERSEAS, SUBACCOUNT SERV CL 2 SERV CL SERV CL 2 SERV CL SERV CL 2 ---------------------------------------------------------------------------------------- 0.55% $1.18 $3.94 $2.55 $1.26 $1.52 0.75% 1.16 3.85 2.50 1.23 1.49 0.85% -- -- 1.32 -- 1.05 0.95% 1.14 3.77 2.46 1.20 1.46 1.00% 1.18 -- 2.37 -- 1.62 1.05% -- -- 1.31 -- 1.04 1.10% -- -- 1.31 -- 1.04 1.20% 1.16 -- 2.33 -- 1.59 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- 1.30 -- 1.03 1.30% -- -- 1.29 -- 1.03 1.35% -- -- 1.24 -- -- 1.40% -- -- 1.24 -- -- 1.45% -- -- 1.29 -- 1.02 1.55% -- -- 1.24 -- -- 1.60% -- -- 1.24 -- -- 1.65% -- -- 1.24 -- -- 1.70% -- -- 1.24 -- -- 1.75% -- -- 1.24 -- -- 1.80% -- -- 1.24 -- -- ----------------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANK FTVIPT FRANK FTVIPT GS VIT GS VIT GLOBAL REAL SM CAP VAL, MUTUAL SHARES MID CAP VAL, STRUCTD SM CAP SUBACCOUNT EST, CL 2 CL 2 SEC, CL 2 INST EQ, INST ---------------------------------------------------------------------------------------- 0.55% $2.10 $2.64 $1.36 $2.86 $1.79 0.75% 2.06 2.58 1.34 2.80 1.75 0.85% 0.77 1.14 1.01 -- -- 0.95% 2.01 2.52 1.31 2.74 1.71 1.00% 1.50 1.91 1.38 2.02 -- 1.05% 0.77 1.13 1.00 -- -- 1.10% 0.76 1.13 0.99 -- -- 1.20% 1.47 1.88 1.36 1.98 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 0.75 1.13 1.00 -- -- 1.30% 0.76 1.12 0.99 -- -- 1.35% -- 1.30 1.12 -- -- 1.40% -- 1.30 1.12 -- -- 1.45% 0.74 1.12 0.99 -- -- 1.55% -- 1.30 1.12 -- -- 1.60% -- 1.30 1.12 -- -- 1.65% -- 1.30 1.12 -- -- 1.70% -- 1.30 1.12 -- -- 1.75% -- 1.30 1.12 -- -- 1.80% -- 1.30 1.12 -- -- -----------------------------------------------------------------------------------------------------------------------------------
222 RIVERSOURCE VARIABLE ACCOUNT 10
GS VIT INVESCO INVESCO INVESCO INVESCO STRUCTD U.S. VI CAP APPR, VI CAP APPR, VI CAP DEV, VI CAP DEV, SUBACCOUNT EQ, INST SER I SER II SER I SER II ---------------------------------------------------------------------------------------- 0.55% $0.98 $0.92 $0.99 $1.87 $1.43 0.75% 0.96 0.90 0.97 1.82 1.40 0.85% 0.92 -- 0.94 -- 1.05 0.95% 0.93 0.88 0.95 1.78 1.37 1.00% 1.12 -- 1.01 -- 1.44 1.05% 0.92 -- 0.93 -- 1.04 1.10% 0.91 -- 0.93 -- 1.04 1.20% 1.10 -- 1.00 -- 1.42 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 0.91 -- 0.92 -- 1.03 1.30% 0.91 -- 0.92 -- 1.03 1.35% -- -- -- -- -- 1.40% -- -- -- -- -- 1.45% 0.90 -- 0.91 -- 1.02 1.55% -- -- -- -- -- 1.60% -- -- -- -- -- 1.65% -- -- -- -- -- 1.70% -- -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- INVESCO INVESCO INVESCO INVESCO INVESCO VI CORE EQ, VI DYN, VI FIN SERV, VI FIN SERV, VI GLOBAL HLTH, SUBACCOUNT SER I SER I SER I SER II SER II ---------------------------------------------------------------------------------------- 0.55% $ -- $1.29 $0.60 $ -- $1.07 0.75% -- 1.26 0.59 -- 1.06 0.85% -- -- -- 0.50 1.11 0.95% -- 1.24 0.58 -- 1.05 1.00% -- 1.36 0.62 -- 1.04 1.05% -- -- -- 0.49 1.10 1.10% -- -- -- 0.49 1.10 1.20% -- 1.33 0.61 -- 1.03 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 2.00 -- -- 0.49 1.09 1.30% -- -- -- 0.49 1.09 1.35% -- -- -- -- -- 1.40% -- -- -- -- -- 1.45% -- -- -- 0.48 1.08 1.55% -- -- -- -- -- 1.60% -- -- -- -- -- 1.65% -- -- -- -- -- 1.70% -- -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 223
INVESCO INVESCO INVESCO JANUS ASPEN JANUS ASPEN VI INTL GRO, VI TECH, VANK VI ENTERPRISE, GLOBAL SUBACCOUNT SER II SER I COMSTOCK, SER II SERV TECH, SERV ---------------------------------------------------------------------------------------- 0.55% $1.40 $0.90 $1.26 $0.74 $0.57 0.75% 1.39 0.88 1.24 0.72 0.55 0.85% 1.24 -- 1.02 -- -- 0.95% 1.38 0.87 1.22 0.71 0.54 1.00% 1.37 1.01 1.22 -- 1.38 1.05% 1.22 -- 1.01 -- -- 1.10% 1.22 -- 1.01 -- -- 1.20% 1.36 1.00 1.20 -- 1.36 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.21 -- 1.00 -- -- 1.30% 1.21 -- 1.00 -- -- 1.35% -- -- -- -- -- 1.40% -- -- -- -- -- 1.45% 1.20 -- 0.99 -- -- 1.55% -- -- -- -- -- 1.60% -- -- -- -- -- 1.65% -- -- -- -- -- 1.70% -- -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN JANUS ASPEN LM CB VAR MFS MFS JANUS, OVERSEAS, SM CAP GRO, INV GRO STOCK, NEW DIS, SUBACCOUNT SERV SERV CL I SERV CL SERV CL ---------------------------------------------------------------------------------------- 0.55% $0.98 $1.82 $1.06 $0.76 $1.35 0.75% 0.97 1.78 1.06 0.74 1.32 0.85% 0.97 -- 1.05 1.16 -- 0.95% 0.96 1.75 1.05 0.73 1.29 1.00% 0.96 3.08 1.05 1.14 1.54 1.05% 0.96 -- 1.04 1.15 -- 1.10% 0.96 -- 1.04 1.15 -- 1.20% 0.95 3.02 1.04 1.12 1.51 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 0.95 -- 1.04 1.14 -- 1.30% 0.95 -- 1.03 1.14 -- 1.35% 1.17 -- -- -- -- 1.40% 1.17 -- -- -- -- 1.45% 0.94 -- 1.03 1.13 -- 1.55% 1.17 -- -- -- -- 1.60% 1.17 -- -- -- -- 1.65% 1.17 -- -- -- -- 1.70% 1.17 -- -- -- -- 1.75% 1.17 -- -- -- -- 1.80% 1.17 -- -- -- -- -----------------------------------------------------------------------------------------------------------------------------------
224 RIVERSOURCE VARIABLE ACCOUNT 10
MFS MS UIF MS UIF NB AMT NB AMT UTILITIES, GLOBAL REAL MID CAP GRO, INTL, SOC RESPONSIVE, SUBACCOUNT SERV CL EST, CL II CL II CL S CL S ---------------------------------------------------------------------------------------- 0.55% $2.11 $1.06 $1.31 $0.93 $ -- 0.75% 2.07 1.05 1.30 0.92 -- 0.85% 1.44 1.09 1.42 1.03 1.15 0.95% 2.03 1.04 1.29 0.91 1.19 1.00% 2.53 1.04 1.29 0.91 -- 1.05% 1.42 1.08 1.41 1.02 1.14 1.10% 1.42 1.08 1.40 1.02 1.14 1.20% 2.48 1.03 1.28 0.90 1.19 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.41 1.07 1.39 1.01 1.13 1.30% 1.41 1.07 1.39 1.01 1.13 1.35% 1.17 -- 1.26 -- 1.19 1.40% 1.17 -- 1.26 -- 1.19 1.45% 1.40 1.07 1.38 1.00 1.12 1.55% 1.17 -- 1.26 -- 1.18 1.60% 1.17 -- 1.26 -- 1.18 1.65% 1.17 -- 1.26 -- 1.18 1.70% 1.17 -- 1.26 -- 1.18 1.75% 1.17 -- 1.26 -- 1.18 1.80% 1.17 -- 1.26 -- 1.18 ---------------------------------------------------------------------------------------------------------------------------------- OPPEN OPPEN GLOBAL OPPEN MAIN ST OPPEN PIMCO GLOBAL SEC STRATEGIC INC SM MID CAP VAL VIT ALL ASSET, SUBACCOUNT VA, SERV VA, SRV VA, SERV VA, SERV ADVISOR CL ---------------------------------------------------------------------------------------- 0.55% $1.53 $1.45 $1.45 $ -- $1.27 0.75% 1.51 1.43 1.43 -- 1.26 0.85% 1.15 1.33 1.10 0.97 1.29 0.95% 1.49 1.41 1.41 -- 1.25 1.00% 1.48 1.40 1.40 -- 1.25 1.05% 1.14 1.32 1.09 0.96 1.28 1.10% 1.14 1.31 1.08 0.96 1.28 1.20% 1.46 1.38 1.38 -- 1.24 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.13 1.31 1.08 0.95 1.27 1.30% 1.13 1.30 1.07 0.95 1.26 1.35% 1.19 -- 1.22 -- 1.06 1.40% 1.19 -- 1.22 -- 1.06 1.45% 1.12 1.29 1.07 0.95 1.26 1.55% 1.18 -- 1.22 -- 1.06 1.60% 1.18 -- 1.22 -- 1.06 1.65% 1.18 -- 1.22 -- 1.06 1.70% 1.18 -- 1.22 -- 1.06 1.75% 1.18 -- 1.22 -- 1.06 1.80% 1.18 -- 1.22 -- 1.06 ----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 225
PUT VT GLOBAL HLTH PUT VT PUT VT PUT VT ROYCE CARE, INTL EQ, MULTI-CAP MULTI-CAP MICRO-CAP, SUBACCOUNT CL IB CL IB GRO, CL IA GRO, CL IB INVEST CL ---------------------------------------------------------------------------------------- 0.55% $1.17 $1.34 $ -- $1.13 $4.05 0.75% 1.15 1.32 -- 1.13 3.95 0.85% -- -- -- -- -- 0.95% 1.13 1.29 -- 1.13 3.87 1.00% 1.17 1.41 -- 1.13 -- 1.05% -- -- -- -- -- 1.10% -- -- -- -- -- 1.20% 1.15 1.39 -- 1.13 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- 1.46 -- -- 1.30% -- -- -- -- -- 1.35% -- -- -- -- -- 1.40% -- -- -- -- -- 1.45% -- -- -- -- -- 1.55% -- -- -- -- -- 1.60% -- -- -- -- -- 1.65% -- -- -- -- -- 1.70% -- -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- DISC DISC DISC DISC DISC ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, SUBACCOUNT AGGR CONSERV MOD MOD AGGR MOD CONSERV ---------------------------------------------------------------------------------------- 0.55% $0.97 $1.06 $1.00 $0.98 $1.02 0.75% 0.97 1.05 1.00 0.99 1.02 0.85% 0.97 1.05 0.99 0.98 1.02 0.95% 0.97 1.05 0.99 0.98 1.02 1.00% 0.97 1.05 0.99 0.98 1.01 1.05% 0.97 1.04 0.99 0.98 1.01 1.10% 0.96 1.04 0.99 0.98 1.01 1.20% 0.96 1.04 0.98 0.97 1.01 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 0.96 1.04 0.98 0.97 1.01 1.30% 0.96 1.04 0.98 0.97 1.01 1.35% 1.16 1.07 1.11 1.13 1.09 1.40% 1.16 1.07 1.11 1.13 1.09 1.45% 0.96 1.03 0.98 0.97 1.00 1.55% 1.15 1.07 1.11 1.13 1.09 1.60% 1.15 1.07 1.11 1.13 1.09 1.65% 1.15 1.07 1.11 1.13 1.09 1.70% 1.15 1.06 1.11 1.13 1.09 1.75% 1.15 1.06 1.11 1.13 1.09 1.80% 1.15 1.06 1.11 1.13 1.09 -----------------------------------------------------------------------------------------------------------------------------------
226 RIVERSOURCE VARIABLE ACCOUNT 10
COL VP COL VP COL VP COL VP COL VP BAL, CASH MGMT, CASH MGMT, DIV BOND, DIV BOND, SUBACCOUNT CL 3 CL 2 CL 3 CL 2 CL 3 ---------------------------------------------------------------------------------------- 0.55% $1.22 $ -- $1.23 $ -- $1.63 0.75% 1.19 -- 1.21 -- 1.59 0.85% 1.09 1.00 1.06 1.02 1.24 0.95% 1.16 1.00 1.18 1.02 1.56 1.00% 1.29 -- 1.08 -- 1.36 1.05% 1.08 1.00 1.05 1.02 1.23 1.10% 1.07 1.00 1.05 1.02 1.23 1.20% 1.27 0.99 1.06 1.02 1.34 1.25% -- -- -- -- -- 1.25% 1.07 -- 1.04 -- 1.22 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.77 -- 1.30 -- 1.69 1.25% -- 0.99 -- 1.02 -- 1.30% 1.07 0.99 1.04 1.02 1.22 1.35% 1.14 0.99 -- 1.02 -- 1.40% 1.14 0.99 -- 1.01 -- 1.45% 1.06 0.99 1.03 1.01 1.21 1.55% 1.14 0.99 -- 1.01 -- 1.60% 1.14 0.99 -- 1.01 -- 1.65% 1.14 0.99 -- 1.01 -- 1.70% 1.14 0.99 -- 1.01 -- 1.75% 1.14 0.99 -- 1.01 -- 1.80% 1.14 0.99 -- 1.01 -- ----------------------------------------------------------------------------------------------------------------------------------- COL VP COL VP COL VP COL VP COL VP DIV EQ INC, DIV EQ INC, DYN EQ, DYN EQ, GLOBAL BOND, SUBACCOUNT CL 2 CL 3 CL 2 CL 3 CL 2 ---------------------------------------------------------------------------------------- 0.55% $ -- $1.71 $ -- $0.82 $ -- 0.75% -- 1.68 -- 0.80 -- 0.85% 1.21 1.04 1.21 0.97 1.04 0.95% 1.21 1.65 1.21 0.79 1.04 1.00% -- 1.67 -- 1.00 -- 1.05% 1.21 1.04 1.21 0.96 1.04 1.10% 1.21 1.03 1.21 0.96 1.04 1.20% 1.21 1.63 1.21 1.07 1.04 1.25% -- 1.59 -- -- -- 1.25% -- 1.03 -- 0.95 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- 1.27 -- 1.25% 1.21 -- 1.21 -- 1.04 1.30% 1.21 1.02 1.20 0.95 1.04 1.35% 1.21 -- 1.20 -- 1.04 1.40% 1.21 -- 1.20 -- 1.04 1.45% 1.21 1.02 1.20 0.94 1.04 1.55% 1.20 -- 1.20 -- 1.04 1.60% 1.20 -- 1.20 -- 1.04 1.65% 1.20 -- 1.20 -- 1.04 1.70% 1.20 -- 1.20 -- 1.04 1.75% 1.20 -- 1.20 -- 1.04 1.80% 1.20 -- 1.20 -- 1.04 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 227
COL VP COL VP GLOBAL COL VP GLOBAL COL VP COL VP GLOBAL BOND, INFLATION PROT INFLATION PROT HI YIELD HI YIELD SUBACCOUNT CL 3 SEC, CL 2 SEC, CL 3 BOND, CL 2 BOND, CL 3 ---------------------------------------------------------------------------------------- 0.55% $1.82 $ -- $1.24 $ -- $1.82 0.75% 1.78 -- 1.23 -- 1.78 0.85% 1.30 1.02 1.20 1.08 1.39 0.95% 1.74 1.02 1.21 1.08 1.74 1.00% 1.69 -- 1.21 -- 1.85 1.05% 1.28 1.02 1.19 1.08 1.38 1.10% 1.28 1.02 1.19 1.08 1.38 1.20% 1.66 1.02 1.19 1.08 1.82 1.25% -- -- -- -- -- 1.25% 1.27 -- -- -- 1.37 1.25% -- -- -- -- -- 1.25% 1.86 -- -- -- 1.94 1.25% -- -- -- -- -- 1.25% -- 1.02 1.18 1.08 -- 1.30% 1.27 1.02 1.18 1.08 1.36 1.35% -- 1.02 -- 1.08 -- 1.40% -- 1.02 -- 1.08 -- 1.45% 1.26 1.01 1.17 1.08 1.35 1.55% -- 1.01 -- 1.08 -- 1.60% -- 1.01 -- 1.08 -- 1.65% -- 1.01 -- 1.08 -- 1.70% -- 1.01 -- 1.08 -- 1.75% -- 1.01 -- 1.08 -- 1.80% -- 1.01 -- 1.08 -- ----------------------------------------------------------------------------------------------------------------------------------- COL VP COL VP COL VP COL VP COL VP INC OPP, INC OPP, LIMITED DURATION MID CAP GRO MID CAP GRO SUBACCOUNT CL 2 CL 3 CR, CL 2 OPP, CL 2 OPP, CL 3 ---------------------------------------------------------------------------------------- 0.55% $ -- $1.51 $ -- $ -- $1.58 0.75% -- 1.49 -- -- 1.53 0.85% 1.07 1.39 1.01 1.27 1.32 0.95% 1.07 1.47 1.01 1.27 1.50 1.00% -- 1.46 -- -- 1.55 1.05% 1.07 1.37 1.01 1.27 1.30 1.10% 1.07 1.37 1.01 1.27 1.30 1.20% 1.07 1.45 1.01 1.27 1.52 1.25% -- -- -- -- -- 1.25% -- -- -- -- 1.29 1.25% -- -- -- -- 1.18 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.07 1.36 1.01 1.27 -- 1.30% 1.07 1.36 1.01 1.27 1.29 1.35% 1.07 -- 1.01 1.27 -- 1.40% 1.07 -- 1.01 1.27 -- 1.45% 1.07 1.35 1.01 1.27 1.28 1.55% 1.07 -- 1.01 1.27 -- 1.60% 1.07 -- 1.01 1.27 -- 1.65% 1.07 -- 1.01 1.27 -- 1.70% 1.07 -- 1.01 1.27 -- 1.75% 1.07 -- 1.01 1.27 -- 1.80% 1.07 -- 1.01 1.27 -- -----------------------------------------------------------------------------------------------------------------------------------
228 RIVERSOURCE VARIABLE ACCOUNT 10
COL VP COL VP COL VP COL VP COL VP MID CAP VAL MID CAP VAL S&P 500, SHORT SHORT SUBACCOUNT OPP, CL 2 OPP, CL 3 CL 3 DURATION, CL 2 DURATION, CL 3 ---------------------------------------------------------------------------------------- 0.55% $ -- $1.40 $0.94 $ -- $1.39 0.75% -- 1.38 0.93 -- 1.36 0.85% 1.26 1.11 1.06 1.00 1.11 0.95% 1.26 1.37 0.91 1.00 1.33 1.00% -- 1.36 1.19 -- 1.16 1.05% 1.26 1.10 1.05 1.00 1.10 1.10% 1.26 1.09 1.04 1.00 1.10 1.20% 1.26 1.35 1.17 1.00 1.14 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.26 1.09 1.04 1.00 1.09 1.30% 1.26 1.08 1.03 1.00 1.09 1.35% 1.26 -- 1.18 1.00 -- 1.40% 1.26 -- 1.18 1.00 -- 1.45% 1.26 1.08 1.03 1.00 1.08 1.55% 1.26 -- 1.17 1.00 -- 1.60% 1.26 -- 1.17 1.00 -- 1.65% 1.26 -- 1.17 1.00 -- 1.70% 1.26 -- 1.17 1.00 -- 1.75% 1.26 -- 1.17 1.00 -- 1.80% 1.26 -- 1.17 1.00 -- ----------------------------------------------------------------------------------------------------------------------------------- RVS VP COL VP COL VP COL VP COL VP STRATEGIC INC, LG CAP GRO, LG CAP GRO, SELECT LG SELECT LG SUBACCOUNT CL 2 CL 2 CL 3 CAP VAL, CL 2 CAP VAL, CL 3 ---------------------------------------------------------------------------------------- 0.55% $ -- $ -- $0.66 $ -- $1.21 0.75% -- -- 0.65 -- 1.19 0.85% 1.04 1.21 1.01 1.20 1.03 0.95% 1.04 1.21 0.64 1.20 1.18 1.00% -- -- 1.03 -- 1.17 1.05% 1.04 1.21 1.00 1.20 1.02 1.10% 1.04 1.21 1.00 1.20 1.02 1.20% 1.04 1.21 1.02 1.20 1.16 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.04 1.21 0.99 1.20 1.01 1.30% 1.04 1.21 0.99 1.20 1.01 1.35% 1.04 1.21 -- 1.20 -- 1.40% 1.04 1.21 -- 1.20 -- 1.45% 1.04 1.21 0.98 1.20 1.00 1.55% 1.04 1.21 -- 1.20 -- 1.60% 1.04 1.21 -- 1.20 -- 1.65% 1.04 1.20 -- 1.20 -- 1.70% 1.04 1.20 -- 1.20 -- 1.75% 1.04 1.20 -- 1.20 -- 1.80% 1.04 1.20 -- 1.20 -- -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 229
COL VP COL VP COL VP COL VP COL VP SELECT SM CAP SELECT SM EMER MKTS EMER MKTS INTL OPP, SUBACCOUNT VAL, CL 2 CAP VAL, CL 3 OPP, CL 2 OPP, CL 3 CL 2 ---------------------------------------------------------------------------------------- 0.55% $ -- $1.82 $ -- $2.75 $ -- 0.75% -- 1.79 -- 2.65 -- 0.85% 1.27 1.11 1.22 1.73 1.19 0.95% 1.27 1.75 1.22 2.60 1.19 1.00% -- 1.68 -- 3.46 -- 1.05% 1.27 1.10 1.22 1.72 1.19 1.10% 1.27 1.09 1.22 1.71 1.19 1.20% 1.27 1.65 1.22 3.40 1.19 1.25% -- -- -- 2.14 -- 1.25% -- -- -- 1.70 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.27 1.09 1.22 -- 1.19 1.30% 1.27 1.08 1.22 1.70 1.19 1.35% 1.27 -- 1.22 -- 1.19 1.40% 1.27 -- 1.22 -- 1.19 1.45% 1.27 1.08 1.22 1.69 1.19 1.55% 1.27 -- 1.22 -- 1.19 1.60% 1.27 -- 1.21 -- 1.19 1.65% 1.27 -- 1.21 -- 1.19 1.70% 1.27 -- 1.21 -- 1.19 1.75% 1.27 -- 1.21 -- 1.19 1.80% 1.27 -- 1.21 -- 1.19 ----------------------------------------------------------------------------------------------------------------------------------- COL VP VP VP VP AB VP AC INTL OPP, AGGR, AGGR, INTL VAL, DIV BOND, SUBACCOUNT CL 3 CL 2 CL 4 CL 2 CL 2 ---------------------------------------------------------------------------------------- 0.55% $1.09 $1.12 $1.12 $ -- $ -- 0.75% 1.06 1.12 1.12 -- -- 0.85% 1.11 1.12 1.12 1.18 1.00 0.95% 1.04 1.12 1.12 1.18 1.00 1.00% 1.63 1.12 1.12 -- -- 1.05% 1.10 1.12 1.12 1.18 1.00 1.10% 1.10 1.12 1.12 1.18 1.00 1.20% 1.60 1.12 1.12 1.18 1.00 1.25% -- -- -- -- -- 1.25% 1.09 -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.40 -- -- -- -- 1.25% -- 1.12 1.12 1.18 1.00 1.30% 1.09 1.12 1.12 1.18 1.00 1.35% -- 1.16 -- 1.18 1.00 1.40% -- 1.16 -- 1.18 1.00 1.45% 1.08 1.12 1.12 1.18 1.00 1.55% -- 1.16 -- 1.18 1.00 1.60% -- 1.16 -- 1.18 1.00 1.65% -- 1.16 -- 1.18 1.00 1.70% -- 1.16 -- 1.18 1.00 1.75% -- 1.16 -- 1.18 1.00 1.80% -- 1.16 -- 1.18 1.00 -----------------------------------------------------------------------------------------------------------------------------------
230 RIVERSOURCE VARIABLE ACCOUNT 10
VP AC VP COL VP COL VP VP GRO, WANGER INTL WANGER US CONSERV, CONSERV, SUBACCOUNT CL 2 EQ, CL 2 EQ, CL 2 CL 2 CL 4 ---------------------------------------------------------------------------------------- 0.55% $ -- $ -- $ -- $1.05 $1.05 0.75% -- -- -- 1.05 1.05 0.85% 1.21 1.21 1.29 1.05 1.05 0.95% 1.21 1.21 1.29 1.05 1.05 1.00% -- -- -- 1.04 1.04 1.05% 1.21 1.21 1.29 1.04 1.04 1.10% 1.21 1.21 1.29 1.04 1.04 1.20% 1.21 1.21 1.29 1.04 1.04 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.21 1.21 1.29 1.04 1.04 1.30% 1.21 1.21 1.29 1.04 1.04 1.35% 1.21 1.21 1.29 1.05 -- 1.40% 1.21 1.21 1.29 1.05 -- 1.45% 1.21 1.21 1.29 1.04 1.04 1.55% 1.21 1.21 1.29 1.05 -- 1.60% 1.21 1.21 1.29 1.05 -- 1.65% 1.21 1.21 1.29 1.05 -- 1.70% 1.21 1.20 1.29 1.05 -- 1.75% 1.21 1.20 1.29 1.05 -- 1.80% 1.21 1.20 1.29 1.05 -- ----------------------------------------------------------------------------------------------------------------------------------- VP DAVIS VP DAVIS VP EV VP GS VP GS NY VENTURE, NY VENTURE, FLOATING RATE MID CAP VAL, MID CAP VAL, SUBACCOUNT CL 2 CL 3 INC, CL 2 CL 2 CL 3 ---------------------------------------------------------------------------------------- 0.55% $ -- $1.00 $ -- $ -- $1.42 0.75% -- 0.98 -- -- 1.40 0.85% 1.16 1.01 1.05 1.23 1.19 0.95% 1.16 0.97 1.05 1.23 1.38 1.00% -- 0.97 -- -- 1.37 1.05% 1.16 1.00 1.05 1.23 1.18 1.10% 1.16 1.00 1.05 1.23 1.18 1.20% 1.16 0.96 1.04 1.23 1.35 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.16 0.99 1.04 1.23 1.17 1.30% 1.16 0.99 1.04 1.23 1.17 1.35% 1.16 -- 1.04 1.23 -- 1.40% 1.16 -- 1.04 1.23 -- 1.45% 1.16 0.98 1.04 1.23 1.16 1.55% 1.16 -- 1.04 1.23 -- 1.60% 1.16 -- 1.04 1.23 -- 1.65% 1.16 -- 1.04 1.23 -- 1.70% 1.16 -- 1.04 1.23 -- 1.75% 1.16 -- 1.04 1.23 -- 1.80% 1.16 -- 1.04 1.23 -- -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 231
VP INVESCO VP JPM VP JENNISON MID VP MFS INTL GRO, CORE BOND, CAP VP MARSICO GRO, VAL, SUBACCOUNT CL 2 CL 2 GRO, CL 2 CL 2 CL 2 ---------------------------------------------------------------------------------------- 0.55% $ -- $ -- $ -- $ -- $ -- 0.75% -- -- -- -- -- 0.85% 1.16 1.01 1.19 1.24 1.16 0.95% 1.16 1.01 1.19 1.24 1.16 1.00% -- -- -- -- -- 1.05% 1.16 1.00 1.19 1.24 1.16 1.10% 1.16 1.00 1.19 1.24 1.16 1.20% 1.16 1.00 1.19 1.24 1.15 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.16 1.00 1.19 1.24 1.15 1.30% 1.16 1.00 1.19 1.24 1.15 1.35% 1.16 1.00 1.19 1.24 1.15 1.40% 1.16 1.00 1.19 1.24 1.15 1.45% 1.16 1.00 1.19 1.24 1.15 1.55% 1.16 1.00 1.19 1.24 1.15 1.60% 1.16 1.00 1.19 1.23 1.15 1.65% 1.16 1.00 1.19 1.23 1.15 1.70% 1.16 1.00 1.19 1.23 1.15 1.75% 1.16 1.00 1.19 1.23 1.15 1.80% 1.16 1.00 1.19 1.23 1.15 ----------------------------------------------------------------------------------------------------------------------------------- VP VP VP MOD VP MOD VP MOD MOD, MOD, AGGR, AGGR, CONSERV, SUBACCOUNT CL 2 CL 4 CL 2 CL 4 CL 2 ---------------------------------------------------------------------------------------- 0.55% $1.10 $1.10 $1.11 $1.12 $1.07 0.75% 1.10 1.10 1.11 1.11 1.07 0.85% 1.09 1.09 1.11 1.11 1.07 0.95% 1.09 1.09 1.11 1.11 1.07 1.00% 1.09 1.09 1.11 1.11 1.07 1.05% 1.09 1.09 1.11 1.11 1.07 1.10% 1.09 1.09 1.11 1.11 1.07 1.20% 1.09 1.09 1.11 1.11 1.07 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.09 1.09 1.11 1.11 1.07 1.30% 1.09 1.09 1.11 1.11 1.07 1.35% 1.11 -- 1.13 -- 1.08 1.40% 1.11 -- 1.13 -- 1.08 1.45% 1.09 1.09 1.11 1.11 1.07 1.55% 1.11 -- 1.13 -- 1.07 1.60% 1.11 -- 1.13 -- 1.07 1.65% 1.10 -- 1.13 -- 1.07 1.70% 1.10 -- 1.13 -- 1.07 1.75% 1.10 -- 1.13 -- 1.07 1.80% 1.10 -- 1.13 -- 1.07 -----------------------------------------------------------------------------------------------------------------------------------
232 RIVERSOURCE VARIABLE ACCOUNT 10
VP MOD VP MS VP NFJ VP NUVEEN VP PTNRS CONSERV, GLOBAL REAL DIVD VAL, WINSLOW SM CAP SUBACCOUNT CL 4 EST, CL 2 CL 2 LG CAP GRO, CL 2 GRO, CL 2 ---------------------------------------------------------------------------------------- 0.55% $1.07 $ -- $ -- $ -- $ -- 0.75% 1.07 -- -- -- -- 0.85% 1.07 1.20 1.17 1.23 1.29 0.95% 1.07 1.20 1.17 1.23 1.29 1.00% 1.07 -- -- -- -- 1.05% 1.07 1.20 1.17 1.23 1.29 1.10% 1.07 1.20 1.17 1.23 1.29 1.20% 1.07 1.19 1.17 1.23 1.29 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.07 1.19 1.17 1.23 1.29 1.30% 1.07 1.19 1.17 1.23 1.29 1.35% -- 1.19 1.17 1.23 1.29 1.40% -- 1.19 1.17 1.23 1.29 1.45% 1.07 1.19 1.17 1.23 1.29 1.55% -- 1.19 1.17 1.23 1.29 1.60% -- 1.19 1.17 1.23 1.29 1.65% -- 1.19 1.17 1.23 1.29 1.70% -- 1.19 1.17 1.23 1.29 1.75% -- 1.19 1.17 1.23 1.29 1.80% -- 1.19 1.17 1.23 1.29 ----------------------------------------------------------------------------------------------------------------------------------- VP PTNRS VP PTNRS VP PIMCO VP PYRAMIS VP WF SM CAP SM CAP VAL, MORTGAGE INTL EQ, SHORT DURATION SUBACCOUNT VAL, CL 2 CL 3 BACKED SEC, CL 2 CL 2 GOVT, CL 2 ---------------------------------------------------------------------------------------- 0.55% $ -- $2.08 $ -- $ -- $ -- 0.75% -- 2.05 -- -- -- 0.85% 1.23 1.20 1.00 1.17 1.00 0.95% 1.23 2.01 1.00 1.17 1.00 1.00% -- 1.90 -- -- -- 1.05% 1.23 1.19 1.00 1.17 1.00 1.10% 1.23 1.19 1.00 1.17 1.00 1.20% 1.23 1.86 1.00 1.17 1.00 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 1.23 1.18 1.00 1.17 1.00 1.30% 1.23 1.18 1.00 1.17 1.00 1.35% 1.23 -- 1.00 1.17 1.00 1.40% 1.23 -- 1.00 1.17 1.00 1.45% 1.23 1.17 1.00 1.17 1.00 1.55% 1.23 -- 1.00 1.17 1.00 1.60% 1.23 -- 1.00 1.17 1.00 1.65% 1.23 -- 1.00 1.17 1.00 1.70% 1.23 -- 1.00 1.17 1.00 1.75% 1.23 -- 1.00 1.17 1.00 1.80% 1.23 -- 1.00 1.17 1.00 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 233
WF ADV WF ADV VT INDEX THIRD AVE WANGER WANGER VT CORE EQ, ASSET ALLOC, CL SUBACCOUNT VAL INTL USA CL 2 2 ---------------------------------------------------------------------------------------- 0.55% $2.93 $2.67 $2.09 $1.26 $1.26 0.75% 2.86 2.61 2.05 1.24 1.24 0.85% -- 1.42 1.16 1.24 -- 0.95% 2.80 2.55 2.00 1.22 1.21 1.00% -- 3.08 1.78 1.35 1.28 1.05% -- 1.41 1.15 1.23 -- 1.10% -- 1.40 1.15 1.22 -- 1.20% -- 3.02 1.75 1.33 1.26 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- 1.39 1.14 1.21 -- 1.30% -- 1.39 1.14 1.21 -- 1.35% -- -- -- 1.23 -- 1.40% -- -- -- 1.23 -- 1.45% -- 1.38 1.13 1.20 -- 1.55% -- -- -- 1.23 -- 1.60% -- -- -- 1.23 -- 1.65% -- -- -- 1.22 -- 1.70% -- -- -- 1.22 -- 1.75% -- -- -- 1.22 -- 1.80% -- -- -- 1.22 -- ----------------------------------------------------------------------------------------------------------------------------------- WF ADV WF ADV WF ADV VT VT INTL EQ, VT OPP, SM CAP GRO, SUBACCOUNT CL 2 CL 2 CL 2 ---------------------------------------------------- 0.55% $1.43 $1.57 $1.51 0.75% 1.41 1.54 1.48 0.85% 1.02 1.26 1.43 0.95% 1.39 1.51 1.45 1.00% 1.38 1.58 1.68 1.05% 1.01 1.25 1.42 1.10% 1.01 1.24 1.41 1.20% 1.36 1.55 1.65 1.25% -- -- -- 1.25% -- -- -- 1.25% -- -- -- 1.25% -- -- -- 1.25% -- -- -- 1.25% 1.00 1.24 1.40 1.30% 1.00 1.23 1.40 1.35% -- 1.23 1.28 1.40% -- 1.23 1.28 1.45% 1.00 1.23 1.39 1.55% -- 1.23 1.28 1.60% -- 1.23 1.28 1.65% -- 1.23 1.28 1.70% -- 1.23 1.27 1.75% -- 1.23 1.27 1.80% -- 1.23 1.27 -----------------------------------------------------------------------------------------------------------------------------------
234 RIVERSOURCE VARIABLE ACCOUNT 10 The following is a summary of units outstanding at Dec. 31, 2010:
AB VPS AB VPS AB VPS AB VPS AC VP GLOBAL THEMATIC GRO & INC, INTL VAL, LG CAP GRO, INTL, SUBACCOUNT GRO, CL B CL B CL B CL B CL I ---------------------------------------------------------------------------------------- 0.55% 75,542 321,006 1,076,253 -- 9,838 0.75% 4,452,052 55,670,616 102,937,102 -- 9,999,360 0.85% 2,970,936 5,889,478 30,080,999 1,768,544 -- 0.95% 2,571,473 33,655,667 63,534,270 1,715 9,446,171 1.00% 499,787 5,814,978 12,904,146 -- -- 1.05% 1,335,063 3,473,022 15,575,839 917,452 -- 1.10% 1,049,248 1,849,884 11,867,011 306,388 -- 1.20% 437,343 3,288,230 6,457,708 10,812 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 56,413 181,168 1,366,221 20,194 -- 1.30% 443,296 492,488 5,887,126 344,181 -- 1.35% -- -- -- 2,450 -- 1.40% -- -- -- -- -- 1.45% 116,885 138,273 1,488,839 20,946 -- 1.55% -- -- -- -- -- 1.60% -- -- -- -- -- 1.65% -- -- -- -- -- 1.70% -- -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 14,008,038 110,774,810 253,175,514 3,392,682 19,455,369 ----------------------------------------------------------------------------------------------------------------------------------- AC VP AC VP AC VP AC VP AC VP INTL, MID CAP VAL, ULTRA, VAL, VAL, SUBACCOUNT CL II CL II CL II CL I CL II ---------------------------------------------------------------------------------------- 0.55% 65,056 152,821 72,737 231,677 524,697 0.75% 22,872,488 12,924,480 11,062,911 19,328,832 64,095,535 0.85% -- 6,745,742 3,551,852 -- 12,846,091 0.95% 12,836,882 8,797,840 5,909,102 16,668,557 41,940,320 1.00% 3,275,802 1,356,229 1,610,063 -- 9,687,180 1.05% -- 4,220,707 1,806,604 -- 8,359,238 1.10% -- 2,308,645 852,576 -- 4,362,591 1.20% 1,679,021 774,524 992,142 -- 5,469,092 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- 359,455 90,153 -- 983,864 1.30% -- 1,384,317 420,898 -- 2,972,322 1.35% -- -- -- -- 126,719 1.40% -- -- -- -- -- 1.45% -- 358,160 180,774 -- 1,000,674 1.55% -- -- -- -- 11,018 1.60% -- -- -- -- -- 1.65% -- -- -- -- -- 1.70% -- -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 40,729,249 39,382,920 26,549,812 36,229,066 152,379,341 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 235
CALVERT COL VP COL VP COL VP CS VP HI INC, MARSICO GRO, MARSICO INTL COMMODITY SUBACCOUNT SRI BAL CL 2 CL 1 OPP, CL 2 RETURN ---------------------------------------------------------------------------------------- 0.55% 5,908 321,241 699,101 458,543 533,202 0.75% 14,304,079 24,710,903 86,634,693 26,527,428 37,446,053 0.85% -- 10,905,066 29,158,975 9,468,620 8,792,859 0.95% 8,238,297 15,433,901 50,453,035 16,306,900 26,304,711 1.00% 1,552,965 4,842,548 8,953,920 3,409,408 6,002,669 1.05% -- 6,905,441 14,396,836 5,747,758 6,597,127 1.10% -- 3,431,595 9,404,247 4,074,057 5,474,156 1.20% 737,068 3,872,293 3,790,312 1,765,563 2,562,926 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- 520,237 1,359,130 557,401 662,925 1.30% -- 2,198,927 5,333,259 2,130,337 2,791,485 1.35% -- 121,652 -- 5,490 -- 1.40% -- -- -- 34,231 -- 1.45% -- 1,126,916 1,475,865 495,625 1,181,696 1.55% -- -- -- 7,754 -- 1.60% -- 5,001 -- -- -- 1.65% -- -- -- -- -- 1.70% -- -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 24,838,317 74,395,721 211,659,373 70,989,115 98,349,809 ----------------------------------------------------------------------------------------------------------------------------------- CS DREY VIF EV VT FID VIP FID VIP U.S. EQ INTL EQ, FLOATING-RATE CONTRAFUND, GRO & INC, SUBACCOUNT FLEX I SERV INC SERV CL 2 SERV CL ---------------------------------------------------------------------------------------- 0.55% 15,572 -- 1,432,746 2,531,667 92,411 0.75% 4,197,903 -- 74,514,019 192,769,489 37,383,924 0.85% -- 2,788,060 23,793,888 52,513,014 -- 0.95% 3,453,726 -- 56,861,917 120,335,697 32,463,369 1.00% -- -- 8,825,723 23,331,325 -- 1.05% -- 1,949,126 17,996,758 31,769,046 -- 1.10% -- 1,476,229 9,427,243 20,265,931 -- 1.20% -- -- 6,500,435 12,302,327 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 39,077,254 310,509 1,589,323 3,080,735 -- 1.30% -- 645,882 8,780,106 11,950,955 -- 1.35% -- -- -- 51,336 -- 1.40% -- -- -- 79,554 -- 1.45% -- 444,357 4,452,892 3,122,911 -- 1.55% -- -- -- 20,352 -- 1.60% -- -- -- 13,159 -- 1.65% -- -- -- 992 -- 1.70% -- -- -- 46,644 -- 1.75% -- -- -- -- -- 1.80% -- -- -- 8,099 -- ----------------------------------------------------------------------------------------------------------------------------------- Total 46,744,455 7,614,163 214,175,050 474,193,233 69,939,704 -----------------------------------------------------------------------------------------------------------------------------------
236 RIVERSOURCE VARIABLE ACCOUNT 10
FID VIP FID VIP FID VIP FID VIP FID VIP GRO & INC, MID CAP, MID CAP, OVERSEAS, OVERSEAS, SUBACCOUNT SERV CL 2 SERV CL SERV CL 2 SERV CL SERV CL 2 ---------------------------------------------------------------------------------------- 0.55% 472,631 195,433 1,378,599 19,944 548,145 0.75% 77,300,521 27,026,420 132,015,435 15,374,013 36,565,864 0.85% -- -- 44,383,983 -- 9,732,606 0.95% 47,072,322 22,725,253 76,312,927 14,044,015 24,715,460 1.00% 9,202,195 -- 19,376,262 -- 4,194,417 1.05% -- -- 21,471,546 -- 5,048,963 1.10% -- -- 13,368,532 -- 1,883,527 1.20% 5,090,744 -- 9,513,614 -- 2,440,831 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- 2,025,251 -- 389,540 1.30% -- -- 6,949,215 -- 1,364,612 1.35% -- -- 58,453 -- -- 1.40% -- -- 15,462 -- -- 1.45% -- -- 1,724,238 -- 655,122 1.55% -- -- 28,953 -- -- 1.60% -- -- 7,163 -- -- 1.65% -- -- -- -- -- 1.70% -- -- 32,021 -- -- 1.75% -- -- -- -- -- 1.80% -- -- 3,585 -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 139,138,413 49,947,106 328,665,239 29,437,972 87,539,087 ----------------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANK FTVIPT FRANK FTVIPT GS VIT GS VIT GLOBAL REAL EST, SM CAP VAL, MUTUAL SHARES MID CAP VAL, STRUCTD SM CAP SUBACCOUNT CL 2 CL 2 SEC, CL 2 INST EQ, INST ---------------------------------------------------------------------------------------- 0.55% 202,577 215,025 353,838 737,760 3,975 0.75% 42,371,607 34,971,098 50,331,107 64,120,730 3,153,362 0.85% 12,512,035 12,529,271 16,807,310 -- -- 0.95% 25,510,028 22,798,702 33,994,375 41,458,919 3,151,701 1.00% 5,793,144 5,667,235 8,592,813 10,068,628 -- 1.05% 5,597,243 5,827,610 11,978,931 -- -- 1.10% 3,862,132 3,986,224 7,190,019 -- -- 1.20% 3,274,429 2,910,812 4,726,974 6,137,076 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 693,849 341,293 1,026,475 -- -- 1.30% 2,730,191 1,828,512 4,865,934 -- -- 1.35% -- 20,156 15,165 -- -- 1.40% -- 9,285 -- -- -- 1.45% 587,650 699,601 1,148,420 -- -- 1.55% -- 4,810 -- -- -- 1.60% -- -- 357 -- -- 1.65% -- -- -- -- -- 1.70% -- 18,648 -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 103,134,885 91,828,282 141,031,718 122,523,113 6,309,038 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 237
GS VIT INVESCO INVESCO INVESCO INVESCO STRUCTD U.S. VI CAP APPR, VI CAP APPR, VI CAP DEV, VI CAP DEV, SUBACCOUNT EQ, INST SER I SER II SER I SER II ---------------------------------------------------------------------------------------- 0.55% 744,562 278,938 299,619 60,732 19,129 0.75% 90,486,419 13,322,766 59,536,992 5,046,031 10,525,456 0.85% 6,258,971 -- 2,756,642 -- 2,013,472 0.95% 57,775,201 10,584,774 28,942,084 4,630,004 5,881,605 1.00% 8,681,454 -- 8,736,405 -- 1,141,590 1.05% 3,819,870 -- 1,496,787 -- 1,259,069 1.10% 1,237,859 -- 317,946 -- 1,016,883 1.20% 4,364,019 -- 3,562,925 -- 784,188 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 347,715 -- 111,154 -- 99,269 1.30% 574,696 -- 333,231 -- 593,887 1.35% -- -- -- -- -- 1.40% -- -- -- -- -- 1.45% 356,231 -- 117,341 -- 79,684 1.55% -- -- -- -- -- 1.60% -- -- -- -- -- 1.65% -- -- -- -- -- 1.70% -- -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 174,646,997 24,186,478 106,211,126 9,736,767 23,414,232 ----------------------------------------------------------------------------------------------------------------------------------- INVESCO INVESCO INVESCO INVESCO INVESCO VI CORE EQ, VI DYN, VI FIN SERV, VI FIN SERV, VI GLOBAL HLTH, SUBACCOUNT SER I SER I SER I SER II SER II ---------------------------------------------------------------------------------------- 0.55% -- 3,052 186,971 -- 132,218 0.75% -- 3,090,645 13,352,378 -- 7,455,858 0.85% -- -- -- 5,866,364 3,184,348 0.95% -- 1,657,729 7,377,626 -- 4,675,106 1.00% -- 137,791 1,814,153 -- 911,959 1.05% -- -- -- 3,319,660 2,319,452 1.10% -- -- -- 2,716,575 988,346 1.20% -- 132,018 911,331 -- 387,366 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 58,750,995 -- -- 237,477 39,416 1.30% -- -- -- 803,037 570,748 1.35% -- -- -- -- -- 1.40% -- -- -- -- -- 1.45% -- -- -- 404,629 120,284 1.55% -- -- -- -- -- 1.60% -- -- -- -- -- 1.65% -- -- -- -- -- 1.70% -- -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 58,750,995 5,021,235 23,642,459 13,347,742 20,785,101 -----------------------------------------------------------------------------------------------------------------------------------
238 RIVERSOURCE VARIABLE ACCOUNT 10
INVESCO INVESCO INVESCO JANUS ASPEN JANUS ASPEN VI INTL GRO, VI TECH, VANK VI ENTERPRISE, GLOBAL SUBACCOUNT SER II SER I COMSTOCK, SER II SERV TECH, SERV ---------------------------------------------------------------------------------------- 0.55% 379,912 618,302 719,399 33,809 99,983 0.75% 36,189,153 21,965,538 100,324,478 16,104,021 27,036,462 0.85% 11,341,898 -- 16,417,503 -- -- 0.95% 24,477,330 10,745,136 51,081,378 9,504,106 16,131,389 1.00% 3,165,882 2,504,166 19,641,560 -- 449,611 1.05% 7,071,547 -- 8,232,313 -- -- 1.10% 3,301,255 -- 4,680,676 -- -- 1.20% 1,535,808 1,577,846 9,202,936 -- 168,906 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 368,166 -- 826,166 -- -- 1.30% 2,081,450 -- 2,823,013 -- -- 1.35% -- -- -- -- -- 1.40% -- -- -- -- -- 1.45% 390,008 -- 908,710 -- -- 1.55% -- -- -- -- -- 1.60% -- -- -- -- -- 1.65% -- -- -- -- -- 1.70% -- -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 90,302,409 37,410,988 214,858,132 25,641,936 43,886,351 ----------------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN JANUS ASPEN LM CB VAR MFS MFS JANUS, OVERSEAS, SM CAP GRO, INV GRO STOCK, NEW DIS, SUBACCOUNT SERV SERV CL I SERV CL SERV CL ---------------------------------------------------------------------------------------- 0.55% 568,458 226,059 109,130 178,134 102,435 0.75% 31,752,363 55,564,611 1,270,522 57,389,486 25,933,635 0.85% 15,294,971 -- 2,132,203 2,800,623 -- 0.95% 18,753,044 39,710,118 1,019,189 35,505,462 17,905,631 1.00% 3,202,524 1,173,326 363,798 3,412,398 1,975,011 1.05% 6,484,191 -- 1,342,397 2,062,250 -- 1.10% 3,982,010 -- 878,505 1,320,461 -- 1.20% 1,827,163 724,976 172,035 1,440,287 1,317,948 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 476,976 -- 46,140 307,693 -- 1.30% 2,336,085 -- 375,612 776,962 -- 1.35% 11,266 -- -- -- -- 1.40% 9,366 -- -- -- -- 1.45% 592,825 -- 204,581 229,706 -- 1.55% -- -- -- -- -- 1.60% 1,918 -- -- -- -- 1.65% -- -- -- -- -- 1.70% 19,506 -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 85,312,666 97,399,090 7,914,112 105,423,462 47,234,660 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 239
MFS MS UIF MS UIF NB AMT NB AMT UTILITIES, GLOBAL REAL MID CAP GRO, INTL, SOC RESPONSIVE, SUBACCOUNT SERV CL EST, CL II CL II CL S CL S ---------------------------------------------------------------------------------------- 0.55% 500,439 450,712 317,236 141,975 -- 0.75% 47,356,898 25,144,263 17,946,724 9,073,242 -- 0.85% 16,579,065 8,650,148 6,157,507 4,163,065 1,454,821 0.95% 30,234,539 16,072,783 11,306,166 5,093,081 11,748 1.00% 4,252,502 4,421,871 1,749,353 833,330 -- 1.05% 9,995,899 5,172,882 3,564,065 2,094,783 662,712 1.10% 4,597,245 3,752,634 1,801,999 1,411,080 526,736 1.20% 2,747,693 2,303,876 1,283,900 320,337 17,470 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 519,217 435,905 188,172 109,234 112,978 1.30% 3,728,867 2,262,252 1,265,011 552,032 208,619 1.35% 21,343 -- 5,064 -- -- 1.40% 2,188 -- 10,339 -- -- 1.45% 900,647 429,362 158,717 99,578 31,680 1.55% -- -- 9,869 -- -- 1.60% 342 -- 317 -- -- 1.65% -- -- -- -- -- 1.70% 22,527 -- 32,420 -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 121,459,411 69,096,688 45,796,859 23,891,737 3,026,764 ----------------------------------------------------------------------------------------------------------------------------------- OPPEN OPPEN GLOBAL OPPEN MAIN ST OPPEN PIMCO GLOBAL SEC STRATEGIC INC SM MID CAP VAL VIT ALL ASSET, SUBACCOUNT VA, SERV VA, SRV VA, SERV VA, SERV ADVISOR CL ---------------------------------------------------------------------------------------- 0.55% 524,076 3,938,139 367,635 -- 590,394 0.75% 29,183,441 265,862,672 19,999,475 -- 75,522,353 0.85% 8,020,876 65,085,215 7,402,539 2,050,356 18,464,755 0.95% 18,638,471 193,871,602 12,889,437 -- 49,920,821 1.00% 5,713,042 36,400,999 4,518,177 -- 7,695,023 1.05% 4,932,557 52,024,699 4,832,960 1,186,450 13,842,661 1.10% 2,748,746 25,716,599 3,510,040 487,451 8,208,445 1.20% 2,966,203 25,920,241 2,099,083 -- 7,491,785 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 807,405 4,614,790 430,462 183,446 1,584,883 1.30% 1,897,793 24,561,266 1,852,647 542,715 6,043,453 1.35% 166,209 -- 17,664 -- 193,869 1.40% 1,448 -- -- -- -- 1.45% 661,530 8,227,753 320,070 379,076 2,684,757 1.55% 21,416 -- 7,637 -- 41,317 1.60% -- -- 1,875 -- 4,378 1.65% -- -- -- -- 46,992 1.70% -- -- -- -- 34,764 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 76,283,213 706,223,975 58,249,701 4,829,494 192,370,650 -----------------------------------------------------------------------------------------------------------------------------------
240 RIVERSOURCE VARIABLE ACCOUNT 10
PUT VT GLOBAL HLTH PUT VT PUT VT PUT VT ROYCE CARE, INTL EQ, MULTI-CAP MULTI-CAP MICRO-CAP, SUBACCOUNT CL IB CL IB GRO, CL IA GRO, CL IB INVEST CL ---------------------------------------------------------------------------------------- 0.55% 40,487 31,645 -- 139,237 39,095 0.75% 10,510,563 13,460,160 -- 17,029,756 8,319,066 0.85% -- -- -- -- -- 0.95% 5,824,179 8,589,513 -- 11,502,868 7,434,078 1.00% 1,675,693 1,420,086 -- 573,893 -- 1.05% -- -- -- -- -- 1.10% -- -- -- -- -- 1.20% 683,420 801,050 -- 188,569 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- 47,514,593 -- -- 1.30% -- -- -- -- -- 1.35% -- -- -- -- -- 1.40% -- -- -- -- -- 1.45% -- -- -- -- -- 1.55% -- -- -- -- -- 1.60% -- -- -- -- -- 1.65% -- -- -- -- -- 1.70% -- -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 18,734,342 24,302,454 47,514,593 29,434,323 15,792,239 ----------------------------------------------------------------------------------------------------------------------------------- DISC DISC DISC DISC DISC ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, SUBACCOUNT AGGR CONSERV MOD MOD AGGR MOD CONSERV ---------------------------------------------------------------------------------------- 0.55% 580,916 32,996 111,156 85,022 265 0.75% 11,289,355 17,928,098 51,467,093 25,182,099 25,280,478 0.85% 2,214,895 3,297,096 9,356,017 4,418,367 4,278,929 0.95% 5,789,486 16,204,160 30,491,154 15,428,747 15,804,073 1.00% 998,541 2,338,353 3,425,559 2,607,156 2,353,357 1.05% 952,410 3,341,193 6,002,776 2,302,937 3,119,149 1.10% 659,794 5,297,024 3,838,094 2,395,949 3,087,321 1.20% 63,879 2,836,119 2,345,316 957,519 2,348,846 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 121,980 851,079 1,476,619 259,347 884,850 1.30% 423,722 2,959,232 1,957,644 428,972 1,567,387 1.35% -- 464,610 73,759 59,759 -- 1.40% 269,327 -- 4,749 -- -- 1.45% 30,652 707,288 755,101 127,758 1,068,014 1.55% -- -- -- -- -- 1.60% -- -- -- -- -- 1.65% -- -- -- -- 32,616 1.70% -- 44,464 -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 23,394,957 56,301,712 111,305,037 54,253,632 59,825,285 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 241
COL VP COL VP COL VP COL VP COL VP BAL, CASH MGMT, CASH MGMT, DIV BOND, DIV BOND, SUBACCOUNT CL 3 CL 2 CL 3 CL 2 CL 3 ---------------------------------------------------------------------------------------- 0.55% 633,777 -- 613,131 -- 3,827,672 0.75% 61,920,603 -- 134,039,674 -- 282,705,078 0.85% 8,117,649 1,047,110 38,057,169 1,102,203 63,231,050 0.95% 45,790,840 693,953 92,405,322 836,017 214,494,196 1.00% 6,232,362 -- 13,197,954 -- 33,909,558 1.05% 5,955,158 25,114 27,422,155 9,410 46,357,895 1.10% 3,327,916 564,168 12,070,347 132,919 22,788,842 1.20% 4,325,339 665,841 7,757,915 427,844 26,395,747 1.25% -- -- -- -- -- 1.25% 983,401 -- 4,655,311 -- 3,814,452 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 41,583,681 -- 17,657,080 -- 52,790,865 1.25% -- -- -- -- -- 1.30% 2,323,924 397,273 8,311,972 238,934 15,942,508 1.35% -- 339,559 -- 305,770 -- 1.40% -- -- -- 7,367 -- 1.45% 809,205 -- 5,325,018 29,823 7,524,648 1.55% -- 36,927 -- 35,611 -- 1.60% -- 31,454 -- 17,750 -- 1.65% -- -- -- -- -- 1.70% -- -- -- 54,297 -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 182,003,855 3,801,399 361,513,048 3,197,945 773,782,511 ----------------------------------------------------------------------------------------------------------------------------------- COL VP COL VP COL VP COL VP COL VP DIV EQ INC, DIV EQ INC, DYN EQ, DYN EQ, GLOBAL BOND, SUBACCOUNT CL 2 CL 3 CL 2 CL 3 CL 2 ---------------------------------------------------------------------------------------- 0.55% -- 2,152,844 -- 564,566 -- 0.75% -- 256,448,954 -- 218,715,426 -- 0.85% 315,879 66,039,065 -- 1,257,580 406,401 0.95% 229,116 156,961,838 8,831 120,426,756 352,610 1.00% -- 27,619,177 -- 13,426,153 -- 1.05% -- 32,440,744 -- 1,062,262 3,021 1.10% 14,477 18,438,616 -- 368,415 48,286 1.20% 293,292 13,939,476 -- 5,012,736 517,365 1.25% -- 62,741,037 -- -- -- 1.25% -- 2,760,512 -- 161,742 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- 109,733,021 -- 1.25% -- -- -- -- -- 1.30% 12,051 9,753,576 -- 255,850 118,733 1.35% 38,042 -- 13,241 -- 97,194 1.40% -- -- -- -- 17,390 1.45% 30,958 2,844,654 -- 68,452 22,862 1.55% 14,209 -- -- -- 3,920 1.60% 1,915 -- -- -- 2,346 1.65% -- -- -- -- -- 1.70% 19,511 -- -- -- 34,893 1.75% -- -- -- -- -- 1.80% -- -- -- -- 3,347 ----------------------------------------------------------------------------------------------------------------------------------- Total 969,450 652,140,493 22,072 471,052,959 1,628,368 -----------------------------------------------------------------------------------------------------------------------------------
242 RIVERSOURCE VARIABLE ACCOUNT 10
COL VP COL VP GLOBAL COL VP GLOBAL COL VP COL VP GLOBAL BOND, INFLATION PROT INFLATION PROT HI YIELD HI YIELD SUBACCOUNT CL 3 SEC, CL 2 SEC, CL 3 BOND, CL 2 BOND, CL 3 ---------------------------------------------------------------------------------------- 0.55% 1,598,878 -- 1,987,592 -- 706,346 0.75% 88,622,565 -- 92,837,031 -- 111,083,190 0.85% 21,157,886 163,359 19,071,418 858,881 17,925,110 0.95% 68,524,207 309,510 63,669,056 224,828 89,489,425 1.00% 10,118,930 -- 12,533,412 -- 8,986,049 1.05% 16,567,972 1,763 12,680,699 7,354 12,241,112 1.10% 7,960,812 61,264 6,273,992 38,564 6,185,070 1.20% 7,370,574 237,343 9,303,734 477,672 7,801,579 1.25% -- -- -- -- -- 1.25% 1,440,539 -- -- -- 740,708 1.25% -- -- -- -- -- 1.25% 15,394,988 -- -- -- 27,790,916 1.25% -- -- -- -- -- 1.25% -- -- 1,299,014 -- -- 1.30% 6,375,858 116,924 7,440,593 40,972 4,147,117 1.35% -- 186,712 -- 120,765 -- 1.40% -- -- -- 6,013 -- 1.45% 2,597,812 34,057 2,975,285 52,158 1,702,064 1.55% -- 9,335 -- 7,160 -- 1.60% -- 15,194 -- -- -- 1.65% -- -- -- 92,835 -- 1.70% -- 35,918 -- 4,713 -- 1.75% -- -- -- -- -- 1.80% -- -- -- 3,380 -- ----------------------------------------------------------------------------------------------------------------------------------- Total 247,731,021 1,171,379 230,071,826 1,935,295 288,798,686 ----------------------------------------------------------------------------------------------------------------------------------- COL VP COL VP COL VP COL VP COL VP INC OPP, INC OPP, LIMITED DURATION MID CAP GRO MID CAP GRO SUBACCOUNT CL 2 CL 3 CR, CL 2 OPP, CL 2 OPP, CL 3 ---------------------------------------------------------------------------------------- 0.55% -- 1,131,703 -- -- 238,351 0.75% -- 56,451,598 -- -- 34,994,857 0.85% 122,944 15,925,208 299,432 11,542 3,870,858 0.95% 160,198 39,448,416 432,353 18,515 21,606,040 1.00% -- 6,861,412 -- -- 1,677,407 1.05% 17,394 11,028,706 8,344 -- 2,694,959 1.10% 97,349 5,172,261 30,120 28,867 1,298,705 1.20% 171,208 5,416,438 144,915 31,531 1,154,951 1.25% -- -- -- -- -- 1.25% -- -- -- -- 127,286 1.25% -- -- -- -- 31,577,909 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- 895,322 -- -- -- 1.30% 25,974 4,656,375 153,653 -- 650,847 1.35% 58,830 -- 26,553 6,383 -- 1.40% -- -- -- -- -- 1.45% 29,109 1,524,516 29,988 590 155,742 1.55% 17,539 -- -- -- -- 1.60% 14,819 -- 15,480 1,549 -- 1.65% -- -- -- 890 -- 1.70% 34,983 -- 72,066 -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 750,347 148,511,955 1,212,904 99,867 100,047,912 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 243
COL VP COL VP COL VP COL VP COL VP MID CAP VAL MID CAP VAL S&P 500, SHORT SHORT SUBACCOUNT OPP, CL 2 OPP, CL 3 CL 3 DURATION, CL 2 DURATION, CL 3 ---------------------------------------------------------------------------------------- 0.55% -- 338,391 314,101 -- 1,669,656 0.75% -- 33,722,864 77,987,140 -- 95,906,487 0.85% 74,996 17,891,644 6,003,471 270,510 22,089,857 0.95% 50,430 19,330,533 55,090,300 497,732 78,227,502 1.00% -- 3,567,514 5,760,270 -- 9,875,723 1.05% -- 9,642,880 3,813,850 27,439 13,991,622 1.10% 547 4,691,154 2,080,090 41,620 6,531,143 1.20% 56,385 1,680,150 3,421,012 459,909 9,727,048 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- 460,076 440,644 -- 2,648,201 1.30% 1,278 2,723,458 1,006,174 66,446 6,484,529 1.35% 273 -- 66,322 147,093 -- 1.40% -- -- -- 5,979 -- 1.45% 12,934 537,652 469,881 143,914 4,382,463 1.55% 7,448 -- 881 52,905 -- 1.60% -- -- -- 18,490 -- 1.65% -- -- -- 477 -- 1.70% -- -- -- 211,125 -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 204,291 94,586,316 156,454,136 1,943,639 251,534,231 ----------------------------------------------------------------------------------------------------------------------------------- RVS VP COL VP COL VP COL VP COL VP STRATEGIC INC, LG CAP GRO, LG CAP GRO, SELECT LG SELECT LG SUBACCOUNT CL 2 CL 2 CL 3 CAP VAL, CL 2 CAP VAL, CL 3 ---------------------------------------------------------------------------------------- 0.55% -- -- 1,191,990 -- 119,774 0.75% -- -- 124,302,303 -- 10,640,100 0.85% 340,644 75,111 4,320,410 22,559 1,679,537 0.95% 309,978 22,790 72,817,145 31,796 6,063,439 1.00% -- -- 7,578,955 -- 657,117 1.05% -- -- 3,011,931 -- 1,237,883 1.10% 123,201 11,386 1,116,824 25,744 376,466 1.20% 162,671 99,723 3,547,051 39,589 560,883 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- 310,635 -- 89,204 1.30% 140,112 -- 441,770 -- 384,108 1.35% 111,189 37,935 -- 1,574 -- 1.40% 18,212 13,118 -- -- -- 1.45% 31,611 -- 195,699 14,042 53,169 1.55% 34,855 -- -- -- -- 1.60% -- -- -- 1,928 -- 1.65% 3,790 -- -- -- -- 1.70% 13,784 -- -- 19,715 -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 1,290,047 260,063 218,834,713 156,947 21,861,680 -----------------------------------------------------------------------------------------------------------------------------------
244 RIVERSOURCE VARIABLE ACCOUNT 10
COL VP COL VP COL VP COL VP COL VP SELECT SM CAP SELECT SM EMER MKTS EMER MKTS INTL OPP, SUBACCOUNT VAL, CL 2 CAP VAL, CL 3 OPP, CL 2 OPP, CL 3 CL 2 ---------------------------------------------------------------------------------------- 0.55% -- 71,135 -- 1,027,765 -- 0.75% -- 19,549,345 -- 56,730,326 -- 0.85% 16,674 1,954,058 397,785 19,362,954 137,738 0.95% 46,634 12,743,621 413,758 33,566,562 44,224 1.00% -- 1,363,754 -- 4,807,162 -- 1.05% 852 1,586,253 1,816 10,790,428 -- 1.10% 31,776 617,084 66,093 6,267,388 15,876 1.20% 22,426 879,668 417,198 2,468,124 52,693 1.25% -- -- -- 39,510,692 -- 1.25% -- -- -- 846,803 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- 82,183 1,969 -- -- 1.30% -- 366,160 110,593 3,314,028 84,396 1.35% 3,076 -- 33,346 -- 10,198 1.40% -- -- 64,593 -- 1,436 1.45% -- 70,269 53,034 759,719 11,512 1.55% -- -- 12,626 -- -- 1.60% -- -- 12,939 -- 337 1.65% -- -- -- -- -- 1.70% -- -- 50,704 -- 49,702 1.75% -- -- -- -- -- 1.80% -- -- 2,093 -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 121,438 39,283,530 1,638,547 179,451,951 408,112 ----------------------------------------------------------------------------------------------------------------------------------- COL VP VP VP VP AB VP AC INTL OPP, AGGR, AGGR, INTL VAL, DIV BOND, SUBACCOUNT CL 3 CL 2 CL 4 CL 2 CL 2 ---------------------------------------------------------------------------------------- 0.55% 398,738 395,121 26,353,808 -- -- 0.75% 39,494,406 22,643,049 287,015,045 -- -- 0.85% 4,181,744 79,955,097 709,794,054 143,169 369,831 0.95% 27,644,665 45,018,497 123,203,184 89,469 119,866 1.00% 2,671,389 2,096,172 34,055,793 -- -- 1.05% 3,474,951 4,608,037 212,702,460 1,997 2,829 1.10% 1,824,388 9,088,358 168,024,481 20,293 32,055 1.20% 1,443,418 18,110,773 11,130,147 117,613 108,515 1.25% -- -- -- -- -- 1.25% 312,896 -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 41,244,805 -- -- -- -- 1.25% -- 202,919 4,913,675 -- -- 1.30% 1,317,294 2,154,890 44,197,505 17,920 24,132 1.35% -- 301,586 -- 31,359 53,886 1.40% -- 387,305 -- -- 10,518 1.45% 218,936 476,032 1,927,676 -- 12,021 1.55% -- 331,669 -- -- -- 1.60% -- -- -- -- -- 1.65% -- 234,483 -- 699 3,368 1.70% -- -- -- -- 7,600 1.75% -- -- -- -- -- 1.80% -- -- -- 3,134 4,590 ----------------------------------------------------------------------------------------------------------------------------------- Total 124,227,630 186,003,988 1,623,317,828 425,653 749,211 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 245
VP AC VP COL VP COL VP VP GRO, WANGER INTL WANGER US CONSERV, CONSERV, SUBACCOUNT CL 2 EQ, CL 2 EQ, CL 2 CL 2 CL 4 ---------------------------------------------------------------------------------------- 0.55% -- -- -- 1,173,616 8,371,226 0.75% -- -- -- 19,113,524 171,494,960 0.85% 64,261 276,160 199,324 37,861,648 407,564,414 0.95% 15,394 244,060 149,354 39,107,393 129,582,642 1.00% -- -- -- 2,294,618 20,656,208 1.05% 1,516 2,274 1,247 9,779,429 245,306,404 1.10% 6,613 58,927 15,874 11,373,549 169,771,104 1.20% 13,779 199,731 44,209 31,375,013 20,762,358 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- 1,761,895 23,878,852 1.30% 39,797 36,490 8,892 9,822,489 111,906,711 1.35% 7,462 28,227 7,853 3,208,734 -- 1.40% -- 54,085 39,934 672,855 -- 1.45% -- 59,426 56,368 3,774,904 40,233,465 1.55% -- 19,995 11,090 2,008,991 -- 1.60% 862 837 -- 950,192 -- 1.65% -- -- -- 306,247 -- 1.70% -- 27,110 -- 1,365,263 -- 1.75% -- -- -- 138,546 -- 1.80% -- -- -- 115,522 -- ----------------------------------------------------------------------------------------------------------------------------------- Total 149,684 1,007,322 534,145 176,204,428 1,349,528,344 ----------------------------------------------------------------------------------------------------------------------------------- VP DAVIS VP DAVIS VP EV VP GS VP GS NY VENTURE, NY VENTURE, FLOATING RATE MID CAP VAL, MID CAP VAL, SUBACCOUNT CL 2 CL 3 INC, CL 2 CL 2 CL 3 ---------------------------------------------------------------------------------------- 0.55% -- 276,341 -- -- 115,233 0.75% -- 24,427,746 -- -- 4,535,379 0.85% 138,310 12,854,354 375,792 229,942 921,953 0.95% 102,542 12,489,928 171,589 44,770 2,759,868 1.00% -- 2,193,224 -- -- 440,518 1.05% 875 5,127,532 -- 1,662 889,396 1.10% 17,667 2,609,057 127,106 19,838 235,355 1.20% 38,395 1,020,293 489,912 66,708 346,994 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- 345,288 -- -- 60,617 1.30% 53,331 1,523,358 54,769 5,964 164,815 1.35% 3,222 -- 100,137 7,998 -- 1.40% 19,784 -- -- -- -- 1.45% 13,353 366,665 94,057 21,956 205,612 1.55% -- -- 44,024 7,283 -- 1.60% -- -- 1,509 -- -- 1.65% -- -- 94,767 447 -- 1.70% -- -- 7,265 2,879 -- 1.75% -- -- -- -- -- 1.80% -- -- 3,996 -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 387,479 63,233,786 1,564,923 409,447 10,675,740 -----------------------------------------------------------------------------------------------------------------------------------
246 RIVERSOURCE VARIABLE ACCOUNT 10
VP INVESCO VP JPM VP JENNISON MID VP MARSICO VP MFS INTL GRO, CORE BOND, CAP GRO, VAL, SUBACCOUNT CL 2 CL 2 GRO, CL 2 CL 2 CL 2 ---------------------------------------------------------------------------------------- 0.55% -- -- -- -- -- 0.75% -- -- -- -- -- 0.85% 65,068 368,625 66,961 52,377 87,403 0.95% 28,181 436,709 46,051 57,422 32,653 1.00% -- -- -- -- -- 1.05% 3,578 -- 2,425 5,387 1,728 1.10% -- 7,412 11,666 12,909 -- 1.20% 96,903 183,631 87,304 39,306 84,677 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- 2,004 -- 537 1.30% 41,818 15,658 41,385 13,706 2,734 1.35% 52,138 30,007 12,194 10,559 10,192 1.40% 4,684 -- -- -- -- 1.45% 34,306 50,670 -- -- 25,028 1.55% 17,746 30,681 -- 15,127 -- 1.60% -- 3,544 -- -- -- 1.65% 726 -- 459 884 907 1.70% 1,316 -- -- -- -- 1.75% -- -- -- -- -- 1.80% 3,221 4,589 -- -- 8,205 ----------------------------------------------------------------------------------------------------------------------------------- Total 349,685 1,131,526 270,449 207,677 254,064 ----------------------------------------------------------------------------------------------------------------------------------- VP VP VP MOD VP MOD VP MOD MOD, MOD, AGGR, AGGR, CONSERV, SUBACCOUNT CL 2 CL 4 CL 2 CL 4 CL 2 ---------------------------------------------------------------------------------------- 0.55% 506,871 21,627,001 2,006,505 23,294,250 98 0.75% 150,411,569 1,625,657,909 85,099,109 1,122,489,733 53,053,640 0.85% 543,149,939 4,048,659,943 382,805,921 2,821,857,654 130,485,767 0.95% 372,330,885 951,447,638 199,755,686 514,222,391 125,196,315 1.00% 12,697,201 199,337,579 6,429,504 118,439,580 5,249,941 1.05% 57,789,592 1,685,220,657 33,804,473 918,448,070 21,323,061 1.10% 77,580,626 1,296,869,863 43,655,323 640,890,409 25,835,127 1.20% 267,638,414 94,999,789 98,232,987 43,525,010 82,794,802 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 7,563,589 50,298,625 3,726,756 24,538,610 1,853,046 1.30% 39,306,553 551,506,898 20,188,168 191,047,769 16,388,217 1.35% 8,014,559 -- 1,890,880 -- 4,108,596 1.40% 6,259,238 -- 3,622,397 -- 2,469,769 1.45% 23,093,571 41,322,919 7,131,783 12,285,735 8,769,471 1.55% 4,360,820 -- 389,343 -- 4,657,625 1.60% 2,802,333 -- 910,297 -- 999,445 1.65% 10,037,563 -- 1,963,385 -- 1,757,272 1.70% 657,041 -- -- -- 1,016,382 1.75% -- -- 32,141 -- -- 1.80% 162,876 -- 102,161 -- 197,756 ----------------------------------------------------------------------------------------------------------------------------------- Total 1,584,363,240 10,566,948,821 891,746,819 6,431,039,211 486,156,330 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 247
VP MOD VP MS VP NFJ VP NUVEEN VP PTNRS CONSERV, GLOBAL REAL DIVD VAL, WINSLOW SM CAP SUBACCOUNT CL 4 EST, CL 2 CL 2 LG CAP GRO, CL 2 GRO, CL 2 ---------------------------------------------------------------------------------------- 0.55% 5,161,693 -- -- -- -- 0.75% 454,691,745 -- -- -- -- 0.85% 1,012,023,021 213,974 14,775 10,615 -- 0.95% 335,423,851 139,732 26,404 5,606 10,032 1.00% 58,787,786 -- -- -- -- 1.05% 497,805,933 1,025 4,161 -- 850 1.10% 404,992,419 43,925 -- -- 6,051 1.20% 38,587,876 154,610 9,792 110 18,170 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 26,919,047 -- -- -- -- 1.30% 234,736,138 56,057 2,657 1,903 51,216 1.35% -- 49,168 3,123 5,758 1,138 1.40% -- 9,554 9,424 -- -- 1.45% 42,735,339 -- 51,237 -- -- 1.55% -- 2,752 -- -- -- 1.60% -- 978 -- 3,676 3,613 1.65% -- -- 21,676 -- 360 1.70% -- 30,559 -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- 1,558 ----------------------------------------------------------------------------------------------------------------------------------- Total 3,111,864,848 702,334 143,249 27,668 92,988 ----------------------------------------------------------------------------------------------------------------------------------- VP PTNRS VP PTNRS VP PIMCO VP PYRAMIS VP WF SM CAP SM CAP VAL, MORTGAGE INTL EQ, SHORT DURATION SUBACCOUNT VAL, CL 2 CL 3 BACKED SEC, CL 2 CL 2 GOVT, CL 2 ---------------------------------------------------------------------------------------- 0.55% -- 706,960 -- -- -- 0.75% -- 48,892,927 -- -- -- 0.85% 73,205 11,214,270 183,779 9,443 39,225 0.95% 132,219 26,229,497 35,081 6,250 74,490 1.00% -- 6,021,522 -- -- -- 1.05% -- 5,660,456 -- 639 -- 1.10% 16,744 2,879,971 8,986 4,657 43,834 1.20% 74,446 2,661,269 159,048 6,247 162,994 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- 441,741 -- -- -- 1.30% 4,176 1,347,621 12,523 1,304 40,643 1.35% 20,797 -- 4,416 37,651 10,593 1.40% 9,295 -- 10,557 -- -- 1.45% 604 368,442 13,127 -- 25,341 1.55% -- -- -- -- -- 1.60% 1,902 -- -- -- -- 1.65% 362 -- -- -- -- 1.70% 32,451 -- 18,125 -- -- 1.75% -- -- -- -- -- 1.80% 1,640 -- -- -- 3,484 ----------------------------------------------------------------------------------------------------------------------------------- Total 367,841 106,424,676 445,642 66,191 400,604 -----------------------------------------------------------------------------------------------------------------------------------
248 RIVERSOURCE VARIABLE ACCOUNT 10
WF ADV WF ADV VT INDEX THIRD AVE WANGER WANGER VT CORE EQ, ASSET ALLOC, CL SUBACCOUNT VAL INTL USA CL 2 2 ---------------------------------------------------------------------------------------- 0.55% 37,867 1,119,782 1,056,800 71,069 1,865 0.75% 9,979,418 80,435,439 102,577,682 12,644,436 15,175,592 0.85% -- 26,504,477 22,942,813 4,190,527 -- 0.95% 8,717,231 50,297,974 67,604,156 8,292,422 11,303,123 1.00% -- 8,553,666 15,506,658 847,464 1,870,487 1.05% -- 14,810,935 11,753,394 3,660,434 -- 1.10% -- 7,421,399 6,751,537 2,123,920 -- 1.20% -- 4,187,933 7,116,232 707,417 775,511 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- 886,131 987,416 203,886 -- 1.30% -- 4,285,665 3,588,738 1,334,737 -- 1.35% -- -- -- 1,873 -- 1.40% -- -- -- -- -- 1.45% -- 910,165 743,694 368,679 -- 1.55% -- -- -- 10,382 -- 1.60% -- -- -- 326 -- 1.65% -- -- -- -- -- 1.70% -- -- -- 25,465 -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 18,734,516 199,413,566 240,629,120 34,483,037 29,126,578 ----------------------------------------------------------------------------------------------------------------------------------- WF ADV WF ADV WF ADV VT VT INTL EQ, VT OPP, SM CAP GRO, SUBACCOUNT CL 2 CL 2 CL 2 ---------------------------------------------------- 0.55% 336,561 120,528 198,379 0.75% 20,616,498 16,903,588 28,351,385 0.85% 8,294,455 2,066,371 8,077,043 0.95% 15,532,026 9,801,633 18,266,480 1.00% 3,118,202 2,173,024 2,620,946 1.05% 3,738,986 1,134,630 5,101,737 1.10% 2,182,238 711,040 2,173,524 1.20% 1,780,240 940,548 1,330,519 1.25% -- -- -- 1.25% -- -- -- 1.25% -- -- -- 1.25% -- -- -- 1.25% -- -- -- 1.25% 250,395 82,975 351,340 1.30% 1,554,560 354,263 1,247,877 1.35% -- 1,688 6,290 1.40% -- -- -- 1.45% 340,803 69,779 387,844 1.55% -- -- 4,812 1.60% -- 327 1,018 1.65% -- -- -- 1.70% -- 32,330 31,891 1.75% -- -- -- 1.80% -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total 57,744,964 34,392,724 68,151,085 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 249 The following is a summary of net assets at Dec. 31, 2010:
AB VPS AB VPS AB VPS AB VPS AC VP GLOBAL THEMATIC GRO & INC, INTL VAL, LG CAP GRO, INTL, SUBACCOUNT GRO, CL B CL B CL B CL B CL I ---------------------------------------------------------------------------------------- 0.55% $ 96,406 $ 348,189 $ 1,921,062 $ -- $ 12,497 0.75% 5,666,594 59,286,719 174,231,802 -- 12,464,761 0.85% 3,791,406 5,656,569 24,966,319 1,927,556 -- 0.95% 3,218,392 35,204,151 105,695,860 2,188 11,477,214 1.00% 623,930 6,590,075 22,221,670 -- -- 1.05% 1,688,487 3,337,858 12,879,313 990,912 -- 1.10% 1,324,234 1,751,623 9,736,563 330,204 -- 1.20% 540,407 3,660,525 10,943,237 13,052 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 70,698 170,284 1,112,996 21,613 -- 1.30% 554,236 462,209 4,786,877 367,574 -- 1.35% -- -- -- 3,071 -- 1.40% -- -- -- 116 -- 1.45% 145,154 128,899 1,206,724 22,219 -- 1.55% -- -- -- 115 -- 1.60% -- -- -- 116 -- 1.65% -- -- -- 116 -- 1.70% -- -- -- 115 -- 1.75% -- -- -- 115 -- 1.80% -- -- -- 115 -- ----------------------------------------------------------------------------------------------------------------------------------- Total $17,719,944 $116,597,101 $369,702,423 $ 3,679,197 $ 23,954,472 ----------------------------------------------------------------------------------------------------------------------------------- AC VP AC VP AC VP AC VP AC VP INTL, MID CAP VAL, ULTRA, VAL, VAL, SUBACCOUNT CL II CL II CL II CL I CL II ---------------------------------------------------------------------------------------- 0.55% $ 90,868 $ 158,423 $ 77,841 $ 405,540 $ 772,928 0.75% 31,342,245 13,304,839 11,724,577 33,245,091 92,745,006 0.85% -- 8,596,267 3,924,331 -- 13,550,709 0.95% 17,349,332 9,035,627 6,193,461 28,105,252 59,709,780 1.00% 5,078,900 1,382,615 1,683,009 -- 13,617,003 1.05% -- 5,351,933 1,977,758 -- 8,738,275 1.10% -- 2,908,555 931,363 -- 4,549,951 1.20% 2,561,821 784,296 1,026,476 -- 7,551,743 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- 449,727 97,663 -- 1,019,154 1.30% -- 1,728,295 455,550 -- 3,071,727 1.35% -- -- -- -- 146,751 1.40% -- -- -- -- 84 1.45% -- 444,090 194,548 -- 1,027,551 1.55% -- -- -- -- 12,833 1.60% -- -- -- -- 84 1.65% -- -- -- -- 84 1.70% -- -- -- -- 84 1.75% -- -- -- -- 84 1.80% -- -- -- -- 84 ----------------------------------------------------------------------------------------------------------------------------------- Total $56,423,166 $ 44,144,667 $ 28,286,577 $61,755,883 $206,513,915 -----------------------------------------------------------------------------------------------------------------------------------
250 RIVERSOURCE VARIABLE ACCOUNT 10
CALVERT COL VP COL VP COL VP CS VP HI INC, MARSICO GRO, MARSICO INTL COMMODITY SUBACCOUNT SRI BAL CL 2 CL 1 OPP, CL 2 RETURN ---------------------------------------------------------------------------------------- 0.55% $ 6,487 $ 415,762 $ 899,150 $ 463,934 $ 641,033 0.75% 15,412,897 31,681,581 94,170,650 26,617,414 38,274,395 0.85% -- 14,081,448 33,822,737 10,701,788 9,371,364 0.95% 8,709,329 19,706,795 54,508,789 16,354,470 26,619,227 1.00% 1,856,749 6,137,402 9,616,748 3,378,016 6,057,626 1.05% -- 8,832,551 16,544,057 6,410,654 7,055,966 1.10% -- 4,379,496 10,775,949 4,533,193 5,767,679 1.20% 865,727 4,861,508 4,032,825 1,737,641 2,562,189 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- 659,470 1,547,027 616,042 693,890 1.30% -- 2,780,836 6,056,065 2,349,516 2,914,588 1.35% -- 117,810 -- 6,779 -- 1.40% -- 79 -- 41,798 -- 1.45% -- 1,415,588 1,664,320 542,821 1,225,533 1.55% -- 79 -- 9,530 -- 1.60% -- 4,912 -- 88 -- 1.65% -- 79 -- 88 -- 1.70% -- 79 -- 88 -- 1.75% -- 79 -- 88 -- 1.80% -- 79 -- 88 -- ----------------------------------------------------------------------------------------------------------------------------------- Total $26,851,189 $95,075,633 $233,638,317 $ 73,764,036 $101,183,490 ----------------------------------------------------------------------------------------------------------------------------------- CS DREY VIF EV VT FID VIP FID VIP U.S. EQ INTL EQ, FLOATING-RATE CONTRAFUND, GRO & INC, SUBACCOUNT FLEX I SERV INC SERV CL 2 SERV CL ---------------------------------------------------------------------------------------- 0.55% $ 19,244 $ -- $ 1,686,330 $ 2,727,572 $ 100,472 0.75% 5,185,261 -- 86,994,724 206,275,482 39,839,998 0.85% -- 2,943,108 27,547,587 59,396,039 -- 0.95% 4,258,519 -- 65,869,967 127,629,497 33,821,341 1.00% -- -- 10,182,266 24,634,472 -- 1.05% -- 2,039,060 20,660,347 35,642,580 -- 1.10% -- 1,540,655 10,790,353 22,645,258 -- 1.20% -- -- 7,425,474 12,863,813 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 48,391,567 321,830 1,806,526 3,435,479 -- 1.30% -- 668,043 9,958,832 13,233,458 -- 1.35% -- -- -- 61,712 -- 1.40% -- -- -- 95,577 -- 1.45% -- 456,672 5,016,368 3,434,422 -- 1.55% -- -- -- 24,435 -- 1.60% -- -- -- 15,795 -- 1.65% -- -- -- 1,305 -- 1.70% -- -- -- 55,962 -- 1.75% -- -- -- 114 -- 1.80% -- -- -- 9,713 -- ----------------------------------------------------------------------------------------------------------------------------------- Total $57,854,591 $ 7,969,368 $247,938,774 $512,182,685 $ 73,761,811 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 251
FID VIP FID VIP FID VIP FID VIP FID VIP GRO & INC, MID CAP, MID CAP, OVERSEAS, OVERSEAS, SUBACCOUNT SERV CL 2 SERV CL SERV CL 2 SERV CL SERV CL 2 ---------------------------------------------------------------------------------------- 0.55% $ 558,101 $ 787,090 $ 3,514,713 $ 25,068 $ 830,898 0.75% 89,749,986 104,573,186 330,692,039 18,989,475 54,579,425 0.85% -- -- 58,619,042 -- 10,226,984 0.95% 53,667,890 86,215,900 187,975,794 17,010,503 36,231,072 1.00% 10,843,674 -- 45,996,637 -- 6,789,386 1.05% -- -- 28,141,473 -- 5,251,728 1.10% -- -- 17,453,656 -- 1,952,995 1.20% 5,892,427 -- 22,193,461 -- 3,881,362 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- 2,626,019 -- 401,565 1.30% -- -- 8,991,144 -- 1,402,192 1.35% -- -- 72,449 -- -- 1.40% -- -- 19,158 -- -- 1.45% -- -- 2,221,269 -- 668,568 1.55% -- -- 35,849 -- -- 1.60% -- -- 8,868 -- -- 1.65% -- -- 90 -- -- 1.70% -- -- 39,621 -- -- 1.75% -- -- 90 -- -- 1.80% -- -- 4,523 -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total $160,712,078 $191,576,176 $708,605,895 $ 36,025,046 $122,216,175 ----------------------------------------------------------------------------------------------------------------------------------- FTVIPT FRANK FTVIPT FRANK FTVIPT GS VIT GS VIT GLOBAL REAL SM CAP VAL, MUTUAL SHARES MID CAP VAL, STRUCTD SM CAP SUBACCOUNT EST, CL 2 CL 2 SEC, CL 2 INST EQ, INST ---------------------------------------------------------------------------------------- 0.55% $ 430,767 $ 566,733 $ 482,804 $ 2,113,557 $ 7,097 0.75% 87,267,082 90,244,107 67,502,386 179,852,999 5,510,298 0.85% 9,660,642 14,330,501 16,908,357 -- -- 0.95% 51,487,204 57,532,875 44,736,951 113,765,738 5,414,202 1.00% 8,680,400 10,828,671 11,898,886 20,310,489 -- 1.05% 4,285,158 6,604,904 11,942,611 -- -- 1.10% 2,947,961 4,507,747 7,151,727 -- -- 1.20% 4,825,753 5,463,705 6,448,705 12,161,428 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 521,102 384,093 1,021,511 -- -- 1.30% 2,065,332 2,049,073 4,796,139 -- -- 1.35% -- 26,250 16,944 -- -- 1.40% -- 12,090 82 -- -- 1.45% 437,483 780,346 1,132,464 -- -- 1.55% -- 6,258 82 -- -- 1.60% -- 90 480 -- -- 1.65% -- 90 82 -- -- 1.70% -- 24,248 82 -- -- 1.75% -- 90 82 -- -- 1.80% -- 90 82 -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total $172,608,884 $193,361,961 $174,040,457 $328,204,211 $ 10,931,597 -----------------------------------------------------------------------------------------------------------------------------------
252 RIVERSOURCE VARIABLE ACCOUNT 10
GS VIT INVESCO INVESCO INVESCO INVESCO STRUCTD U.S. VI CAP APPR, VI CAP APPR, VI CAP DEV, VI CAP DEV, SUBACCOUNT EQ, INST SER I SER II SER I SER II ---------------------------------------------------------------------------------------- 0.55% $ 743,637 $ 256,880 $ 296,622 $ 113,253 $ 27,303 0.75% 86,563,113 12,065,077 57,846,272 9,240,931 14,727,936 0.85% 5,786,837 -- 2,583,762 -- 2,114,666 0.95% 54,019,018 9,364,830 27,608,901 8,265,549 8,088,693 1.00% 9,762,913 -- 8,861,473 -- 1,647,261 1.05% 3,528,596 -- 1,390,032 -- 1,307,136 1.10% 1,131,481 -- 294,580 -- 1,053,720 1.20% 4,821,245 -- 3,549,925 -- 1,111,548 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 315,671 -- 102,288 -- 102,175 1.30% 520,645 -- 305,971 -- 609,694 1.35% -- -- -- -- -- 1.40% -- -- -- -- -- 1.45% 320,555 -- 106,923 -- 81,286 1.55% -- -- -- -- -- 1.60% -- -- -- -- -- 1.65% -- -- -- -- -- 1.70% -- -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total $167,513,711 $21,686,787 $102,946,749 $17,619,733 $30,871,418 ----------------------------------------------------------------------------------------------------------------------------------- INVESCO INVESCO INVESCO INVESCO INVESCO VI CORE EQ, VI DYN, VI FIN SERV, VI FIN SERV, VI GLOBAL HLTH, SUBACCOUNT SER I SER I SER I SER II SER II ---------------------------------------------------------------------------------------- 0.55% $ -- $ 3,915 $ 113,105 $ -- $ 140,818 0.75% -- 3,906,731 7,923,198 -- 7,871,981 0.85% -- -- -- 2,952,889 3,548,815 0.95% -- 2,058,603 4,297,526 -- 4,890,767 1.00% -- 186,818 1,119,453 -- 951,851 1.05% -- -- -- 1,637,498 2,560,688 1.10% -- -- -- 1,337,322 1,088,606 1.20% -- 175,855 552,451 -- 400,616 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 118,803,790 -- -- 116,101 43,061 1.30% -- -- -- 391,654 622,955 1.35% -- -- -- -- -- 1.40% -- -- -- -- -- 1.45% -- -- -- 196,027 130,442 1.55% -- -- -- -- -- 1.60% -- -- -- -- -- 1.65% -- -- -- -- -- 1.70% -- -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total $118,803,790 $ 6,331,922 $ 14,005,733 $ 6,631,491 $22,250,600 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 253
INVESCO INVESCO INVESCO JANUS ASPEN JANUS ASPEN VI INTL GRO, VI TECH, VANK VI ENTERPRISE, GLOBAL SUBACCOUNT SER II SER I COMSTOCK, SER II SERV TECH, SERV ---------------------------------------------------------------------------------------- 0.55% $ 533,661 $ 557,186 $ 903,390 $ 25,009 $ 56,552 0.75% 50,365,436 19,426,461 124,273,766 11,662,381 14,968,981 0.85% 14,013,357 -- 16,787,040 -- -- 0.95% 33,697,379 9,326,852 62,466,726 6,737,442 8,883,470 1.00% 4,344,109 2,540,661 23,903,016 -- 621,798 1.05% 8,658,953 -- 8,333,429 -- -- 1.10% 4,032,530 -- 4,727,487 -- -- 1.20% 2,085,336 1,572,348 11,057,288 -- 229,452 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 446,782 -- 828,424 -- -- 1.30% 2,519,856 -- 2,825,940 -- -- 1.35% -- -- -- -- -- 1.40% -- -- -- -- -- 1.45% 474,047 -- 903,061 -- -- 1.55% -- -- -- -- -- 1.60% -- -- -- -- -- 1.65% -- -- -- -- -- 1.70% -- -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total $121,171,446 $ 33,423,508 $257,009,567 $18,424,832 $24,760,253 ----------------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN JANUS ASPEN LM CB VAR MFS MFS JANUS, OVERSEAS, SM CAP GRO, INV GRO STOCK, NEW DIS, SUBACCOUNT SERV SERV CL I SERV CL SERV CL ---------------------------------------------------------------------------------------- 0.55% $ 554,495 $ 412,044 $ 116,071 $ 135,418 $ 138,271 0.75% 30,766,217 99,211,433 1,341,124 42,745,861 34,301,659 0.85% 14,759,869 -- 2,242,399 3,246,818 -- 0.95% 18,039,690 69,649,001 1,067,995 25,941,949 23,233,224 1.00% 3,073,134 3,610,932 380,348 3,899,171 3,034,915 1.05% 6,211,378 -- 1,401,437 2,369,145 -- 1.10% 3,807,667 -- 915,464 1,513,524 -- 1.20% 1,740,698 2,192,133 178,601 1,616,556 1,989,519 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 453,661 -- 47,828 349,815 -- 1.30% 2,217,228 -- 388,209 882,488 -- 1.35% 13,179 -- -- -- -- 1.40% 10,954 -- -- -- -- 1.45% 559,427 -- 210,449 259,130 -- 1.55% 113 -- -- -- -- 1.60% 2,354 -- -- -- -- 1.65% 113 -- -- -- -- 1.70% 22,782 -- -- -- -- 1.75% 112 -- -- -- -- 1.80% 112 -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total $ 82,233,183 $175,075,543 $ 8,289,925 $82,959,875 $62,697,588 -----------------------------------------------------------------------------------------------------------------------------------
254 RIVERSOURCE VARIABLE ACCOUNT 10
MFS MS UIF MS UIF NB AMT NB AMT UTILITIES, GLOBAL REAL MID CAP GRO, INTL, SOC RESPONSIVE, SUBACCOUNT SERV CL EST, CL II CL II CL S CL S ---------------------------------------------------------------------------------------- 0.55% $ 1,053,432 $ 476,586 $ 417,116 $ 131,710 $ -- 0.75% 98,124,414 26,360,966 23,416,487 8,342,117 -- 0.85% 23,796,329 9,471,623 8,734,370 4,291,253 1,678,929 0.95% 61,417,968 16,797,312 14,593,389 4,649,771 13,957 1.00% 10,748,440 4,578,964 2,252,201 757,103 -- 1.05% 14,218,225 5,654,544 5,009,665 2,138,292 758,046 1.10% 6,523,756 4,060,957 2,527,291 1,437,797 600,825 1.20% 6,822,808 2,363,568 1,637,736 288,411 20,818 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 731,913 468,304 278,955 110,766 128,041 1.30% 5,244,250 2,426,175 1,758,403 557,350 235,894 1.35% 25,111 -- 6,376 -- 86 1.40% 2,674 -- 13,015 -- 86 1.45% 1,258,434 457,473 268,428 99,793 35,581 1.55% 112 -- 12,415 -- 86 1.60% 513 -- 488 -- 86 1.65% 112 -- 90 -- 86 1.70% 26,455 -- 40,752 -- 86 1.75% 112 -- 90 -- 86 1.80% 112 -- 90 -- 86 ----------------------------------------------------------------------------------------------------------------------------------- Total $229,995,170 $ 73,116,472 $60,967,357 $22,804,363 $ 3,472,779 ----------------------------------------------------------------------------------------------------------------------------------- OPPEN OPPEN GLOBAL OPPEN MAIN ST OPPEN PIMCO GLOBAL SEC STRATEGIC INC SM MID CAP VAL VIT ALL ASSET, SUBACCOUNT VA, SERV VA, SRV VA, SERV VA, SERV ADVISOR CL ---------------------------------------------------------------------------------------- 0.55% $ 805,196 $ 6,119,262 $ 532,262 $ -- $ 845,046 0.75% 44,126,374 380,202,169 28,559,681 -- 95,757,353 0.85% 9,230,805 86,664,251 8,117,993 1,991,559 23,855,436 0.95% 27,834,205 273,946,541 18,219,207 -- 62,988,206 1.00% 8,472,765 51,164,268 6,339,331 -- 9,603,810 1.05% 5,669,062 68,824,035 5,252,133 1,142,477 17,794,231 1.10% 3,127,513 33,814,388 3,805,938 468,398 10,469,824 1.20% 4,338,111 35,893,693 2,904,175 -- 9,272,904 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 912,504 6,047,106 463,630 175,156 2,023,480 1.30% 2,139,989 31,998,370 1,990,634 517,057 7,638,080 1.35% 197,062 -- 21,706 -- 205,611 1.40% 1,831 -- 86 -- 79 1.45% 796,262 10,673,671 341,351 358,829 3,441,580 1.55% 25,369 -- 9,425 -- 43,779 1.60% 114 -- 2,379 -- 4,717 1.65% 114 -- 86 -- 49,772 1.70% 114 -- 86 -- 36,812 1.75% 113 -- 86 -- 79 1.80% 113 -- 86 -- 79 ----------------------------------------------------------------------------------------------------------------------------------- Total $107,677,616 $985,347,754 $76,560,275 $ 4,653,476 $244,030,878 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 255
PUT VT GLOBAL HLTH PUT VT PUT VT PUT VT ROYCE CARE, INTL EQ, MULTI-CAP MULTI-CAP MICRO-CAP, SUBACCOUNT CL IB CL IB GRO, CL IA GRO, CL IB INVEST CL ---------------------------------------------------------------------------------------- 0.55% $ 47,333 $ 42,480 $ -- $ 157,546 $ 158,153 0.75% 12,089,736 17,744,350 -- 19,290,334 32,905,005 0.85% -- -- -- -- -- 0.95% 6,577,339 11,131,697 -- 13,036,368 28,997,297 1.00% 1,956,728 2,009,535 -- 648,568 -- 1.05% -- -- -- -- -- 1.10% -- -- -- -- -- 1.20% 783,948 1,113,424 -- 212,991 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- 70,085,478 -- -- 1.30% -- -- -- -- -- 1.35% -- -- -- -- -- 1.40% -- -- -- -- -- 1.45% -- -- -- -- -- 1.55% -- -- -- -- -- 1.60% -- -- -- -- -- 1.65% -- -- -- -- -- 1.70% -- -- -- -- -- 1.75% -- -- -- -- -- 1.80% -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Total $21,455,084 $32,041,486 $ 70,085,478 $33,345,807 $62,060,455 ----------------------------------------------------------------------------------------------------------------------------------- DISC DISC DISC DISC DISC ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, ASSET ALLOC, SUBACCOUNT AGGR CONSERV MOD MOD AGGR MOD CONSERV ---------------------------------------------------------------------------------------- 0.55% $ 568,766 $ 34,824 $ 110,736 $ 902,919 $ 272 0.75% 10,987,402 18,873,851 51,388,448 24,884,982 25,821,251 0.85% 2,156,901 3,462,170 9,323,548 4,383,523 4,359,035 0.95% 5,733,450 17,069,970 30,236,535 15,541,314 16,299,522 1.00% 965,403 2,445,488 3,392,060 2,553,498 2,387,811 1.05% 919,527 3,553,612 6,106,952 3,061,066 3,196,912 1.10% 636,230 5,524,736 3,815,570 2,340,416 3,124,291 1.20% 61,453 2,950,238 2,310,056 932,812 2,370,611 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 117,158 884,175 1,452,491 252,333 891,836 1.30% 406,386 3,069,896 1,922,957 416,843 1,577,661 1.35% 11 495,561 82,079 67,658 11 1.40% 311,238 10 5,284 11 11 1.45% 29,411 730,842 738,756 186,617 1,070,704 1.55% 11 10 11 11 11 1.60% 11 10 11 11 11 1.65% 11 10 11 11 35,451 1.70% 11 47,351 11 11 11 1.75% 11 10 11 11 11 1.80% 11 10 11 11 11 ----------------------------------------------------------------------------------------------------------------------------------- Total $22,893,402 $59,142,774 $110,885,538 $55,524,058 $61,135,434 -----------------------------------------------------------------------------------------------------------------------------------
256 RIVERSOURCE VARIABLE ACCOUNT 10
COL VP COL VP COL VP COL VP COL VP BAL, CASH MGMT, CASH MGMT, DIV BOND, DIV BOND, SUBACCOUNT CL 3 CL 2 CL 3 CL 2 CL 3 ---------------------------------------------------------------------------------------- 0.55% $ 1,035,836 $ -- $ 756,321 $ -- $ 6,230,337 0.75% 74,164,815 -- 161,731,480 -- 451,349,589 0.85% 8,825,372 1,043,221 40,267,926 1,121,457 78,466,670 0.95% 53,911,674 691,079 109,044,722 850,233 334,851,546 1.00% 8,140,206 -- 14,211,555 -- 46,228,827 1.05% 6,506,568 27,062 28,753,835 9,641 57,067,858 1.10% 3,577,410 561,468 12,628,240 135,089 27,975,488 1.20% 5,500,490 662,331 8,204,392 434,623 35,398,503 1.25% -- -- -- -- -- 1.25% 1,050,083 -- 4,837,643 -- 4,673,036 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 75,889,506 -- 22,924,838 -- 91,042,089 1.25% -- 2,067 -- 76 -- 1.30% 2,475,587 394,945 8,617,287 242,605 19,380,339 1.35% 11 337,579 -- 310,409 -- 1.40% 11 2,066 -- 7,477 -- 1.45% 856,359 2,066 5,484,286 30,261 9,096,351 1.55% 11 36,745 -- 36,118 -- 1.60% 11 31,303 -- 17,999 -- 1.65% 11 2,065 -- 76 -- 1.70% 11 2,064 -- 55,032 -- 1.75% 11 2,064 -- 76 -- 1.80% 11 2,064 -- 76 -- ----------------------------------------------------------------------------------------------------------------------------------- Total $241,933,994 $ 3,800,189 $417,462,525 $ 3,251,248 $1,161,760,633 ----------------------------------------------------------------------------------------------------------------------------------- COL VP COL VP COL VP COL VP COL VP DIV EQ INC, DIV EQ INC, DYN EQ, DYN EQ, GLOBAL BOND, SUBACCOUNT CL 2 CL 3 CL 2 CL 3 CL 2 ---------------------------------------------------------------------------------------- 0.55% $ -- $ 3,835,462 $ -- $ 464,452 $ -- 0.75% -- 432,884,864 -- 176,578,938 -- 0.85% 381,729 69,005,226 11 1,215,708 422,788 0.95% 276,753 259,532,862 10,657 95,467,376 366,663 1.00% -- 46,161,572 -- 13,428,569 -- 1.05% 12 33,634,084 11 1,017,893 3,217 1.10% 17,475 19,055,180 11 352,183 50,175 1.20% 353,868 22,770,086 11 5,356,179 537,371 1.25% -- 101,363,484 -- -- -- 1.25% -- 2,831,486 -- 153,589 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- 141,860,131 -- 1.25% 12 -- 11 -- 76 1.30% 14,533 9,981,939 11 242,401 123,266 1.35% 45,868 -- 16,004 -- 100,884 1.40% 12 -- 12 -- 18,047 1.45% 37,309 2,891,537 12 64,280 23,719 1.55% 17,117 -- 12 -- 4,141 1.60% 2,306 -- 12 -- 2,509 1.65% 12 -- 12 -- 76 1.70% 23,487 -- 12 -- 36,160 1.75% 12 -- 12 -- 76 1.80% 12 -- 12 -- 3,543 ----------------------------------------------------------------------------------------------------------------------------------- Total $ 1,170,517 $1,003,947,782 $ 26,823 $436,201,699 $ 1,692,711 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 257
COL VP COL VP GLOBAL COL VP GLOBAL COL VP COL VP GLOBAL BOND, INFLATION PROT INFLATION PROT HI YIELD BOND, HI YIELD BOND, SUBACCOUNT CL 3 SEC, CL 2 SEC, CL 3 CL 2 CL 3 ---------------------------------------------------------------------------------------- 0.55% $ 2,907,747 $ -- $ 2,469,028 $ -- $ 1,286,579 0.75% 157,753,045 -- 114,163,060 -- 198,443,662 0.85% 27,447,051 166,227 22,902,598 927,910 24,957,281 0.95% 119,348,218 314,795 77,287,981 242,777 156,375,160 1.00% 17,110,157 -- 15,166,914 -- 16,680,607 1.05% 21,314,408 1,868 15,086,298 7,937 16,889,285 1.10% 10,196,567 62,268 7,447,410 41,616 8,527,288 1.20% 12,253,962 241,122 11,117,314 515,238 14,447,414 1.25% -- -- -- -- -- 1.25% 1,832,808 -- -- -- 1,012,716 1.25% -- -- -- -- -- 1.25% 28,937,307 -- -- -- 54,897,701 1.25% -- -- -- -- -- 1.25% -- 75 1,531,631 80 -- 1.30% 8,092,893 118,731 8,752,436 44,174 5,657,628 1.35% -- 189,555 -- 130,181 -- 1.40% -- 75 -- 6,480 -- 1.45% 3,275,094 34,560 3,476,374 56,195 2,306,290 1.55% -- 9,544 -- 7,791 -- 1.60% -- 15,409 -- 80 -- 1.65% -- 75 -- 99,936 -- 1.70% -- 36,408 -- 5,151 -- 1.75% -- 75 -- 80 -- 1.80% -- 75 -- 3,715 -- ----------------------------------------------------------------------------------------------------------------------------------- Total $410,469,257 $ 1,190,862 $279,401,044 $2,089,341 $501,481,611 ----------------------------------------------------------------------------------------------------------------------------------- COL VP COL VP COL VP COL VP COL VP INC OPP, INC OPP, LIMITED DURATION MID CAP GRO MID CAP GRO SUBACCOUNT CL 2 CL 3 CR, CL 2 OPP, CL 2 OPP, CL 3 ---------------------------------------------------------------------------------------- 0.55% $ -- $ 1,704,450 $ -- $ -- $ 377,233 0.75% -- 84,052,100 -- -- 53,649,046 0.85% 131,736 22,075,027 303,015 14,680 5,096,462 0.95% 171,582 58,006,316 437,324 23,519 32,523,850 1.00% -- 10,046,266 -- -- 2,592,116 1.05% 18,620 15,170,091 8,436 12 3,516,580 1.10% 104,192 7,089,287 30,447 36,643 1,704,438 1.20% 183,156 7,836,591 146,416 40,006 1,771,055 1.25% -- -- -- -- -- 1.25% -- -- -- -- 164,291 1.25% -- -- -- -- 37,730,656 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 79 1,218,710 75 12 -- 1.30% 27,773 6,324,657 155,176 12 839,594 1.35% 62,893 -- 26,810 8,093 -- 1.40% 79 -- 75 12 -- 1.45% 31,105 2,113,592 30,264 760 199,593 1.55% 18,734 -- 75 12 -- 1.60% 15,824 -- 15,613 1,962 -- 1.65% 79 -- 75 1,139 -- 1.70% 37,339 -- 72,649 12 -- 1.75% 79 -- 75 12 -- 1.80% 79 -- 75 12 -- ----------------------------------------------------------------------------------------------------------------------------------- Total $ 803,349 $215,637,087 $ 1,226,600 $ 126,898 $140,164,914 -----------------------------------------------------------------------------------------------------------------------------------
258 RIVERSOURCE VARIABLE ACCOUNT 10
COL VP COL VP COL VP COL VP COL VP MID CAP VAL MID CAP VAL S&P 500, SHORT SHORT SUBACCOUNT OPP, CL 2 OPP, CL 3 CL 3 DURATION, CL 2 DURATION, CL 3 ---------------------------------------------------------------------------------------- 0.55% $ -- $ 474,628 $ 295,550 $ -- $ 2,327,966 0.75% -- 46,622,805 72,642,490 -- 130,553,630 0.85% 94,794 19,774,884 6,333,834 271,048 24,553,585 0.95% 63,712 26,435,403 50,294,900 498,488 104,030,745 1.00% -- 4,875,402 6,867,696 -- 11,425,243 1.05% 12 10,576,601 4,023,922 27,468 15,468,255 1.10% 703 5,125,658 2,169,991 41,656 7,177,742 1.20% 71,156 2,263,707 4,006,775 460,084 11,065,112 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 12 499,256 456,605 75 2,890,714 1.30% 1,624 2,949,251 1,040,131 66,441 7,062,455 1.35% 356 -- 77,974 147,051 -- 1.40% 12 -- 11 5,977 -- 1.45% 16,304 578,161 482,485 143,806 4,740,714 1.55% 9,397 -- 1,046 52,843 -- 1.60% 12 -- 11 18,463 -- 1.65% 12 -- 11 551 -- 1.70% 12 -- 11 210,725 -- 1.75% 12 -- 11 75 -- 1.80% 12 -- 11 75 -- ----------------------------------------------------------------------------------------------------------------------------------- Total $ 258,142 $120,175,756 $148,693,465 $1,944,826 $321,296,161 ----------------------------------------------------------------------------------------------------------------------------------- RVS VP STRATEGIC COL VP COL VP COL VP COL VP INC, LG CAP GRO, LG CAP GRO, SELECT LG SELECT LG SUBACCOUNT CL 2 CL 2 CL 3 CAP VAL, CL 2 CAP VAL, CL 3 ---------------------------------------------------------------------------------------- 0.55% $ -- $ -- $ 788,858 $ -- $ 145,118 0.75% -- -- 81,669,512 -- 12,713,660 0.85% 355,074 90,827 4,369,494 27,155 1,731,176 0.95% 322,956 27,546 46,704,161 38,259 7,154,885 1.00% -- -- 7,836,821 -- 771,675 1.05% 77 11 3,018,532 11 1,266,119 1.10% 128,272 13,764 1,129,249 30,957 383,626 1.20% 169,288 120,399 3,610,973 47,583 649,530 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 77 11 308,254 11 90,338 1.30% 145,745 12 437,790 11 387,945 1.35% 115,635 45,825 -- 1,902 -- 1.40% 18,936 15,824 -- 11 -- 1.45% 32,860 12 192,621 16,859 53,335 1.55% 36,216 12 -- 11 -- 1.60% 77 12 -- 2,314 -- 1.65% 4,013 12 -- 11 -- 1.70% 14,312 12 -- 23,643 -- 1.75% 77 12 -- 11 -- 1.80% 77 12 -- 11 -- ----------------------------------------------------------------------------------------------------------------------------------- Total $1,343,692 $ 314,303 $150,066,265 $ 188,760 $ 25,347,407 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 259
COL VP COL VP COL VP COL VP COL VP SELECT SM SELECT SM EMER MKTS EMER MKTS INTL OPP, SUBACCOUNT CAP VAL, CL 2 CAP VAL, CL 3 OPP, CL 2 OPP, CL 3 CL 2 ---------------------------------------------------------------------------------------- 0.55% $ -- $ 129,603 $ -- $ 2,892,549 $ -- 0.75% -- 35,098,518 -- 150,581,285 -- 0.85% 21,248 2,162,467 484,862 33,529,909 164,505 0.95% 59,399 22,348,366 504,100 87,310,878 52,793 1.00% -- 2,294,652 -- 16,662,019 -- 1.05% 1,097 1,739,738 2,297 18,590,877 84 1.10% 40,447 675,289 80,469 10,729,447 18,939 1.20% 28,532 1,453,914 507,713 8,394,990 62,833 1.25% -- -- -- 84,965,426 -- 1.25% -- -- -- 1,439,543 -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 12 89,326 2,482 -- 84 1.30% 12 397,186 134,525 5,622,354 100,592 1.35% 3,923 -- 40,610 -- 12,152 1.40% 12 -- 78,538 -- 1,795 1.45% 12 75,634 64,467 1,280,261 13,711 1.55% 12 -- 15,342 -- 84 1.60% 12 -- 15,718 -- 486 1.65% 12 -- 86 -- 84 1.70% 12 -- 61,562 -- 59,133 1.75% 12 -- 86 -- 84 1.80% 12 -- 2,625 -- 84 ----------------------------------------------------------------------------------------------------------------------------------- Total $ 154,766 $ 66,464,693 $ 1,995,482 $421,999,538 $487,443 ----------------------------------------------------------------------------------------------------------------------------------- COL VP VP VP VP AB VP AC INTL OPP, AGGR, AGGR, INTL VAL, DIV BOND, SUBACCOUNT CL 3 CL 2 CL 4 CL 2 CL 2 ---------------------------------------------------------------------------------------- 0.55% $ 433,834 $ 444,374 $ 29,639,087 $ -- $ -- 0.75% 42,051,512 25,431,627 322,324,529 -- -- 0.85% 4,640,656 89,736,049 796,622,502 168,964 371,000 0.95% 28,930,636 50,488,806 138,173,678 105,540 120,157 1.00% 4,358,930 2,350,121 38,181,573 -- -- 1.05% 3,820,555 5,163,731 238,372,958 2,436 2,909 1.10% 2,000,965 10,182,191 188,246,045 23,922 32,111 1.20% 2,313,490 20,275,389 12,460,600 138,582 108,655 1.25% -- -- -- -- -- 1.25% 340,876 -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 58,545,255 -- -- -- -- 1.25% -- 227,011 5,499,249 82 75 1.30% 1,431,936 2,410,713 49,443,777 21,105 24,151 1.35% -- 351,060 -- 36,925 53,919 1.40% -- 450,746 -- 82 10,523 1.45% 236,330 532,125 2,154,321 82 12,022 1.55% -- 385,734 -- 82 75 1.60% -- 11 -- 82 75 1.65% -- 272,581 -- 903 3,440 1.70% -- 11 -- 82 7,667 1.75% -- 11 -- 82 75 1.80% -- 11 -- 3,764 4,658 ----------------------------------------------------------------------------------------------------------------------------------- Total $149,104,975 $208,702,302 $1,821,118,319 $ 502,715 $751,512 -----------------------------------------------------------------------------------------------------------------------------------
260 RIVERSOURCE VARIABLE ACCOUNT 10
VP AC VP COL VP COL VP VP GRO, WANGER INTL WANGER US CONSERV, CONSERV, SUBACCOUNT CL 2 EQ, CL 2 EQ, CL 2 CL 2 CL 4 ---------------------------------------------------------------------------------------- 0.55% $ -- $ -- $ -- $ 1,229,897 $ 8,772,641 0.75% -- -- -- 20,003,411 179,455,614 0.85% 77,767 334,052 257,437 39,595,162 426,223,284 0.95% 18,619 295,087 192,865 40,867,745 135,416,126 1.00% -- -- -- 2,397,124 21,579,544 1.05% 1,844 2,835 1,621 10,212,153 256,160,065 1.10% 7,994 71,199 20,479 11,873,165 177,229,312 1.20% 16,649 241,217 57,007 32,729,746 21,659,015 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 12 87 12 1,837,327 24,902,312 1.30% 48,063 44,049 11,461 10,239,400 116,651,635 1.35% 9,009 34,120 10,119 3,361,753 -- 1.40% 12 65,260 51,449 704,800 -- 1.45% 12 71,688 72,604 3,930,607 41,896,088 1.55% 12 24,110 14,290 2,102,963 -- 1.60% 1,040 1,009 12 994,381 -- 1.65% 12 87 12 320,424 -- 1.70% 12 32,666 12 1,428,097 -- 1.75% 12 87 12 144,892 -- 1.80% 12 87 12 120,788 -- ----------------------------------------------------------------------------------------------------------------------------------- Total $181,081 $ 1,217,640 $ 689,404 $184,093,835 $1,409,945,636 ----------------------------------------------------------------------------------------------------------------------------------- VP DAVIS VP DAVIS VP EV VP GS VP GS NY VENTURE, NY VENTURE, FLOATING RATE MID CAP VAL, MID CAP VAL, SUBACCOUNT CL 2 CL 3 INC, CL 2 CL 2 CL 3 ---------------------------------------------------------------------------------------- 0.55% $ -- $ 276,440 $ -- $ -- $ 163,252 0.75% -- 24,028,672 -- -- 6,337,176 0.85% 160,986 12,969,185 393,156 283,037 1,099,292 0.95% 119,300 12,246,772 179,434 55,082 3,810,187 1.00% -- 2,132,245 -- -- 604,847 1.05% 1,029 5,126,835 2,091 2,056 1,050,990 1.10% 20,540 2,602,859 132,828 24,390 277,440 1.20% 44,619 982,745 511,729 81,980 469,834 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 11 342,139 2,090 12 70,924 1.30% 61,948 1,505,992 57,182 7,326 192,485 1.35% 3,753 -- 104,526 9,822 -- 1.40% 22,972 -- 2,090 12 -- 1.45% 15,500 360,074 98,133 26,952 238,612 1.55% 11 -- 45,912 8,949 -- 1.60% 11 -- 2,102 12 -- 1.65% 11 -- 98,787 559 -- 1.70% 11 -- 9,660 3,541 -- 1.75% 11 -- 2,089 12 -- 1.80% 11 -- 4,240 12 -- ----------------------------------------------------------------------------------------------------------------------------------- Total $450,724 $62,573,958 $1,646,049 $ 503,754 $ 14,315,039 -----------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 261
VP INVESCO VP JPM VP JENNISON MID VP MARSIC VP MFS INTL GRO, CORE BOND, CAP GRO, VAL, SUBACCOUNT CL 2 CL 2 GRO, CL 2 CL 2 CL 2 ---------------------------------------------------------------------------------------- 0.55% $ -- $ -- $ -- $ -- $ -- 0.75% -- -- -- -- -- 0.85% 75,657 370,789 79,723 64,897 101,078 0.95% 32,751 439,050 54,802 71,116 37,745 1.00% -- -- -- -- -- 1.05% 4,240 75 2,896 6,680 2,008 1.10% 84 7,446 13,873 15,977 11 1.20% 112,492 184,416 103,777 48,625 97,771 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 84 75 2,393 12 631 1.30% 48,525 15,718 49,171 16,947 3,166 1.35% 60,484 30,115 14,496 13,054 11,760 1.40% 5,433 75 12 12 11 1.45% 39,780 50,829 12 12 28,866 1.55% 20,653 30,839 12 18,684 11 1.60% 84 3,552 12 12 11 1.65% 925 75 555 1,102 1,056 1.70% 1,608 75 12 12 11 1.75% 84 75 12 12 11 1.80% 3,813 4,670 12 12 9,448 ----------------------------------------------------------------------------------------------------------------------------------- Total $ 406,697 $ 1,137,874 $ 321,770 $ 257,166 $ 293,595 ----------------------------------------------------------------------------------------------------------------------------------- VP VP VP MOD VP MOD MOD, MOD, AGGR, AGGR, VP MOD CONSERV, SUBACCOUNT CL 2 CL 4 CL 2 CL 4 CL 2 ---------------------------------------------------------------------------------------- 0.55% $ 555,919 $ 23,719,592 $ 2,236,654 $ 25,989,104 $ 105 0.75% 164,737,474 1,780,360,421 94,726,955 1,250,528,371 56,841,628 0.85% 594,474,996 4,431,214,490 425,823,785 3,141,754,850 139,703,675 0.95% 407,212,904 1,040,602,220 222,043,422 572,105,651 133,942,584 1.00% 13,882,814 217,947,127 7,144,875 131,731,443 5,615,171 1.05% 63,157,808 1,841,768,964 37,549,034 1,021,099,544 22,795,873 1.10% 84,761,415 1,416,912,769 48,476,177 712,302,899 27,610,867 1.20% 292,196,021 103,716,577 109,001,050 48,339,121 88,420,393 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 8,255,178 54,897,370 4,134,229 27,244,291 1,978,330 1.30% 42,881,947 601,664,939 22,384,827 212,023,309 17,489,045 1.35% 8,868,387 -- 2,145,959 -- 4,420,328 1.40% 6,924,299 -- 4,110,467 -- 2,656,971 1.45% 25,168,171 45,035,005 7,899,631 13,620,754 9,348,976 1.55% 4,821,021 -- 441,476 -- 5,006,369 1.60% 3,097,679 -- 1,031,923 -- 1,074,003 1.65% 11,091,394 -- 2,225,407 -- 1,887,986 1.70% 725,833 -- 11 -- 1,091,707 1.75% 11 -- 36,410 -- 11 1.80% 179,855 -- 115,708 -- 212,323 ----------------------------------------------------------------------------------------------------------------------------------- Total $1,732,993,126 $11,557,839,474 $991,528,000 $7,156,739,337 $520,096,345 -----------------------------------------------------------------------------------------------------------------------------------
262 RIVERSOURCE VARIABLE ACCOUNT 10
VP MOD VP MS VP NFJ VP NUVEEN VP PTNRS CONSERV, GLOBAL REAL DIVD VAL, WINSLOW SM CAP SUBACCOUNT CL 4 EST, CL 2 CL 2 LG CAP GRO, CL 2 GRO, CL 2 ---------------------------------------------------------------------------------------- 0.55% $ 5,542,892 $ -- $ -- $ -- $ -- 0.75% 487,562,046 -- -- -- -- 0.85% 1,084,530,687 256,006 17,358 13,088 12 0.95% 359,189,310 167,104 31,008 6,909 12,943 1.00% 62,933,858 -- -- -- -- 1.05% 532,676,818 1,309 4,895 12 1,108 1.10% 433,232,735 52,493 11 12 7,800 1.20% 41,247,778 184,687 11,487 147 23,411 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 28,766,168 84 11 12 12 1.30% 250,736,122 66,931 3,127 2,353 65,960 1.35% -- 58,694 3,673 7,084 1,478 1.40% -- 11,402 11,045 12 12 1.45% 45,601,378 84 60,035 12 12 1.55% -- 3,366 11 12 12 1.60% -- 1,166 11 4,529 4,660 1.65% -- 84 25,397 12 476 1.70% -- 36,421 11 12 12 1.75% -- 84 11 12 12 1.80% -- 84 11 12 2,015 -------------------------------------------------------------------------------------------------------------------------------- Total $3,332,019,792 $ 839,999 $168,102 $34,230 $119,935 -------------------------------------------------------------------------------------------------------------------------------- VP PTNRS VP PTNRS VP PIMCO VP PYRAMIS VP WF SM CAP SM CAP VAL, MORTGAGE INTL EQ, SHORT DURATION SUBACCOUNT VAL, CL 2 CL 3 BACKED SEC, CL 2 CL 2 GOVT, CL 2 ---------------------------------------------------------------------------------------- 0.55% $ -- $ 1,470,997 $ -- $ -- $ -- 0.75% -- 100,307,870 -- -- -- 0.85% 90,196 13,475,063 184,142 11,138 39,386 0.95% 162,831 52,903,771 35,135 7,315 74,761 1.00% -- 11,419,444 -- -- -- 1.05% 12 6,751,509 75 831 75 1.10% 20,606 3,422,000 8,993 5,448 43,963 1.20% 91,578 4,976,186 159,109 7,303 163,397 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% 12 521,407 75 83 75 1.30% 5,135 1,586,579 12,522 1,606 40,725 1.35% 25,634 -- 4,489 43,989 10,613 1.40% 11,425 -- 10,552 83 75 1.45% 753 430,845 13,117 83 25,374 1.55% 12 -- 75 83 75 1.60% 2,335 -- 75 83 75 1.65% 456 -- 75 83 75 1.70% 39,829 -- 18,091 83 75 1.75% 12 -- 75 83 75 1.80% 2,024 -- 75 83 3,559 -------------------------------------------------------------------------------------------------------------------------------- Total $ 452,850 $197,265,671 $446,675 $78,377 $402,378 --------------------------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 263
WF ADV WF ADV VT INDEX THIRD AVE WANGER WANGER VT CORE EQ, ASSET ALLOC, CL SUBACCOUNT VAL INTL USA CL 2 2 ---------------------------------------------------------------------------------------- 0.55% $ 125,373 $ 2,991,791 $ 2,211,207 $ 89,873 $ 2,354 0.75% 28,763,657 210,339,274 210,043,362 15,695,673 18,905,145 0.85% -- 37,648,474 26,722,626 5,202,467 -- 0.95% 24,468,540 128,778,132 135,431,869 10,147,678 13,820,058 1.00% -- 26,326,682 27,608,423 1,144,118 2,391,294 1.05% -- 20,842,642 13,593,903 4,486,831 -- 1.10% -- 10,420,304 7,774,920 2,597,505 -- 1.20% -- 12,673,812 12,453,048 954,902 973,947 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- -- -- -- -- 1.25% -- 1,246,655 1,129,530 247,667 -- 1.30% -- 5,963,187 4,096,138 1,617,657 -- 1.35% -- -- -- 2,385 -- 1.40% -- -- -- 88 -- 1.45% -- 1,257,632 843,057 524,282 -- 1.55% -- -- -- 12,810 -- 1.60% -- -- -- 487 -- 1.65% -- -- -- 88 -- 1.70% -- -- -- 31,184 -- 1.75% -- -- -- 88 -- 1.80% -- -- -- 88 -- --------------------------------------------------------------------------------------------------------------------------------- Total $53,357,570 $458,488,585 $441,908,083 $42,755,871 $ 36,092,798 --------------------------------------------------------------------------------------------------------------------------------- WF ADV WF ADV WF ADV VT VT INTL EQ, VT OPP, SM CAP GRO, SUBACCOUNT CL 2 CL 2 CL 2 ---------------------------------------------------- 0.55% $ 479,688 $ 189,550 $ 299,318 0.75% 29,075,075 26,097,325 41,956,275 0.85% 8,503,134 2,601,625 11,534,314 0.95% 21,591,020 14,846,473 26,578,996 1.00% 4,306,852 3,425,276 4,393,267 1.05% 3,790,079 1,415,667 7,219,452 1.10% 2,207,057 885,160 3,068,859 1.20% 2,424,606 1,456,343 2,190,756 1.25% -- -- -- 1.25% -- -- -- 1.25% -- -- -- 1.25% -- -- -- 1.25% -- -- -- 1.25% 251,533 102,598 492,721 1.30% 1,558,043 437,042 1,745,992 1.35% -- 2,159 8,032 1.40% -- 87 89 1.45% 339,276 85,505 544,865 1.55% -- 87 6,140 1.60% -- 489 1,388 1.65% -- 87 89 1.70% -- 39,630 40,661 1.75% -- 87 89 1.80% -- 87 89 --------------------------------------------------------------------------------------------------------------------------------- Total $ 74,526,363 $51,585,277 $100,081,392 ---------------------------------------------------------------------------------------------------------------------------------
264 RIVERSOURCE VARIABLE ACCOUNT 10 9. FINANCIAL HIGHLIGHTS The following is a summary for each period in the five year period ended Dec. 31, 2010 of units, net assets and investment income ratios. The accumulation unit values and total returns are based on the variable annuity contracts with the lowest and highest expense ratios.
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- AB VPS GLOBAL THEMATIC GRO, CL B 2010 14,008 $1.28 to $1.24 $17,720 2.09% 0.55% to 1.45% 17.93% to 16.88% 2009 16,689 $1.08 to $1.06 $17,972 -- 0.55% to 1.45% 52.30% to 50.94% 2008 10,970 $0.71 to $0.70 $7,758 -- 0.55% to 1.45% (47.75%) to (48.22%) 2007 10,650 $1.36 to $1.36 $14,458 -- 0.55% to 1.45% 19.23% to 18.16% 2006 33,897 $1.14 to $1.15 $38,748 -- 0.55% to 1.45% 7.79% to 14.78%(6) --------------------------------------------------------------------------------------------------------------- AB VPS GRO & INC, CL B 2010 110,775 $1.08 to $0.93 $116,597 -- 0.55% to 1.45% 12.18% to 11.18% 2009 135,762 $0.97 to $0.84 $127,984 3.51% 0.55% to 1.45% 19.69% to 18.62% 2008 166,185 $0.81 to $0.71 $131,669 1.86% 0.55% to 1.45% (41.02%) to (41.55%) 2007 229,216 $1.37 to $1.21 $309,274 1.21% 0.55% to 1.45% 4.28% to 3.34% 2006 255,691 $1.31 to $1.17 $333,791 1.18% 0.55% to 1.45% 16.34% to 16.48%(6) --------------------------------------------------------------------------------------------------------------- AB VPS INTL VAL, CL B 2010 253,176 $1.72 to $0.81 $369,702 2.33% 0.55% to 1.45% 3.73% to 2.80% 2009 524,100 $1.66 to $0.79 $647,669 0.86% 0.55% to 1.45% 33.62% to 32.42% 2008 949,299 $1.24 to $0.59 $803,095 0.88% 0.55% to 1.45% (53.54%) to (53.96%) 2007 690,850 $2.68 to $1.29 $1,443,988 0.99% 0.55% to 1.45% 5.00% to 4.05% 2006 453,282 $2.55 to $1.24 $1,057,187 1.25% 0.55% to 1.45% 34.38% to 23.04%(6) --------------------------------------------------------------------------------------------------------------- AB VPS LG CAP GRO, CL B 2010 3,393 $1.09 to $1.20 $3,679 0.27% 0.85% to 1.80% 8.90% to 19.54%(13) 2009 3,215 $1.00 to $0.98 $3,204 -- 0.85% to 1.45% 35.94% to 35.13% 2008 2,649 $0.74 to $0.73 $1,943 -- 0.85% to 1.45% (40.33%) to (40.69%) 2007 2,447 $1.23 to $1.22 $3,014 -- 0.85% to 1.45% 12.65% to 11.97% 2006 667 $1.10 to $1.09 $730 -- 0.85% to 1.45% 8.99%(6) to 8.66%(6) --------------------------------------------------------------------------------------------------------------- AC VP INTL, CL I 2010 19,455 $1.27 to $1.21 $23,954 2.46% 0.55% to 0.95% 12.67% to 12.22% 2009 26,333 $1.13 to $1.08 $28,827 2.17% 0.55% to 0.95% 33.03% to 32.50% 2008 34,033 $0.85 to $0.82 $28,083 0.87% 0.55% to 0.95% (45.13%) to (45.35%) 2007 45,040 $1.54 to $1.49 $67,915 0.69% 0.55% to 0.95% 17.41% to 16.93% 2006 51,286 $1.32 to $1.28 $66,174 1.64% 0.55% to 0.95% 24.34% to 23.85% --------------------------------------------------------------------------------------------------------------- AC VP INTL, CL II 2010 40,729 $1.39 to $1.52 $56,423 2.22% 0.55% to 1.20% 12.52% to 11.79% 2009 48,291 $1.24 to $1.36 $59,610 2.03% 0.55% to 1.20% 32.90% to 32.04% 2008 60,221 $0.93 to $1.03 $56,142 0.69% 0.55% to 1.20% (45.20%) to (45.56%) 2007 77,918 $1.70 to $1.90 $132,920 0.54% 0.55% to 1.20% 17.27% to 16.51% 2006 84,429 $1.45 to $1.63 $123,392 1.41% 0.55% to 1.20% 24.06% to 23.26% --------------------------------------------------------------------------------------------------------------- AC VP MID CAP VAL, CL II 2010 39,383 $1.04 to $1.24 $44,145 1.31% 0.55% to 1.45% 18.33% to 17.26% 2009 204,863 $0.88 to $1.06 $203,460 3.96% 0.55% to 1.45% 29.09% to 27.93% 2008 242,955 $0.68 to $0.83 $187,536 0.08% 0.55% to 1.45% (24.92%) to (25.60%) 2007 258,311 $0.90 to $1.11 $266,954 1.22% 0.55% to 1.45% (10.10%)(9) to (3.84%) 2006 2,743 $1.16 to $1.16 $3,176 2.31% 0.85% to 1.45% 15.32%(6) to 14.97%(6) --------------------------------------------------------------------------------------------------------------- AC VP ULTRA, CL II 2010 26,550 $1.07 to $1.08 $28,287 0.36% 0.55% to 1.45% 15.19% to 14.15% 2009 28,448 $0.93 to $0.94 $26,370 0.17% 0.55% to 1.45% 33.78% to 32.59% 2008 31,148 $0.69 to $0.71 $21,629 -- 0.55% to 1.45% (41.97%) to (42.49%) 2007 30,854 $1.20 to $1.24 $36,976 -- 0.55% to 1.45% 20.18% to 19.09% 2006 202,331 $1.00 to $1.04 $203,885 -- 0.55% to 1.45% (3.92%) to 3.52%(6) ---------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 265
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- AC VP VAL, CL I 2010 36,229 $1.75 to $1.67 $61,756 2.14% 0.55% to 0.95% 12.80% to 12.35% 2009 47,184 $1.55 to $1.49 $71,321 5.85% 0.55% to 0.95% 19.21% to 18.73% 2008 116,786 $1.30 to $1.87 $185,351 2.70% 0.55% to 1.25% (27.18%) to (27.69%) 2007 177,323 $1.79 to $2.58 $390,597 1.76% 0.55% to 1.25% (5.66%) to (6.32%) 2006 258,018 $1.89 to $2.75 $627,151 1.48% 0.55% to 1.25% 18.00% to 17.18% --------------------------------------------------------------------------------------------------------------- AC VP VAL, CL II 2010 152,379 $1.47 to $1.16 $206,514 2.04% 0.55% to 1.80% 12.42% to 15.14%(13) 2009 169,378 $1.31 to $0.92 $206,109 5.47% 0.55% to 1.45% 19.07% to 18.00% 2008 188,664 $1.10 to $0.78 $195,491 2.48% 0.55% to 1.45% (27.20%) to (27.86%) 2007 262,020 $1.51 to $1.08 $377,643 1.42% 0.55% to 1.45% (5.83%) to (6.68%) 2006 279,304 $1.61 to $1.16 $437,608 1.20% 0.55% to 1.45% 17.82% to 15.39%(6) --------------------------------------------------------------------------------------------------------------- CALVERT VP SRI BAL 2010 24,838 $1.10 to $1.17 $26,851 1.37% 0.55% to 1.20% 11.48% to 10.76% 2009 28,366 $0.99 to $1.06 $27,572 2.08% 0.55% to 1.20% 24.60% to 23.80% 2008 33,641 $0.79 to $0.86 $26,299 2.23% 0.55% to 1.20% (31.70%) to (32.14%) 2007 43,038 $1.16 to $1.26 $49,435 2.28% 0.55% to 1.20% 2.19% to 1.53% 2006 49,741 $1.13 to $1.24 $56,142 2.32% 0.55% to 1.20% 8.18% to 7.48% --------------------------------------------------------------------------------------------------------------- COL VP HI INC, CL 2 2010 74,396 $1.29 to $0.97 $95,076 7.85% 0.55% to 1.80% 11.29% to 4.94%(13) 2009 79,837 $1.16 to $1.14 $92,024 10.37% 0.55% to 1.45% 43.13% to 41.84% 2008 82,428 $0.81 to $0.80 $66,584 10.36% 0.55% to 1.45% (25.17%) to (25.84%) 2007 106,093 $1.09 to $1.08 $114,850 5.23% 0.55% to 1.45% 1.14% to 0.23% 2006 106,859 $1.07 to $1.08 $114,552 3.44% 0.55% to 1.45% 7.36%(4) to 8.13%(6) --------------------------------------------------------------------------------------------------------------- COL VP MARSICO GRO, CL 1 2010 211,659 $1.10 to $1.13 $233,638 0.16% 0.55% to 1.45% 20.88% to 19.80% 2009 1,831,327 $0.91 to $0.94 $1,713,730 0.88% 0.55% to 1.45% 25.97% to 24.84% 2008 1,298,131 $0.72 to $0.75 $963,953 0.35% 0.55% to 1.45% (39.78%) to (40.32%) 2007 766,013 $1.20 to $1.26 $944,664 0.07% 0.55% to 1.45% 16.83% to 15.78% 2006 317,946 $1.02 to $1.09 $331,754 -- 0.55% to 1.45% 2.95%(5) to 8.65%(6) --------------------------------------------------------------------------------------------------------------- COL VP MARSICO INTL OPP, CL 2 2010 70,989 $1.01 to $1.22 $73,764 0.67% 0.55% to 1.80% 13.11% to 21.28%(13) 2009 85,819 $0.89 to $0.98 $78,882 1.87% 0.55% to 1.45% 37.19% to 35.96% 2008 103,623 $0.65 to $0.72 $69,405 1.37% 0.55% to 1.45% (48.77%) to (49.23%) 2007 80,923 $1.27 to $1.42 $105,483 0.17% 0.55% to 1.45% 19.02% to 17.94% 2006 153,627 $1.07 to $1.20 $169,998 0.53% 0.55% to 1.45% 6.74%(5) to 19.72%(6) --------------------------------------------------------------------------------------------------------------- CS COMMODITY RETURN 2010 98,350 $1.03 to $1.04 $101,183 6.87% 0.55% to 1.45% 16.02% to 14.98% 2009 100,553 $0.89 to $0.90 $89,247 12.32% 0.55% to 1.45% 18.82% to 17.75% 2008 78,360 $0.75 to $0.77 $58,691 1.33% 0.55% to 1.45% (34.09%) to (34.69%) 2007 45,930 $1.13 to $1.17 $52,380 4.11% 0.55% to 1.45% 16.68% to 15.63% 2006 139,243 $0.97 to $1.01 $137,218 4.43% 0.55% to 1.45% (4.10%)(5) to 0.65%(6) --------------------------------------------------------------------------------------------------------------- CS U.S. EQ FLEX I 2010 46,744 $1.24 to $1.23 $57,855 0.15% 0.55% to 1.25% 13.83% to 13.04% 2009 57,459 $1.09 to $1.09 $62,835 1.08% 0.55% to 1.25% 8.57%(11) to 23.12% 2008 61,041 $0.88 to $0.88 $54,326 -- 1.25% to 1.25% (35.41%) to (35.41%) 2007 88,084 $1.37 to $1.37 $121,104 -- 1.25% to 1.25% (2.07%) to (2.07%) 2006 148,638 $1.40 to $1.40 $208,262 -- 1.25% to 1.25% 3.47% to 3.47% --------------------------------------------------------------------------------------------------------------- DREY VIF INTL EQ, SERV 2010 7,614 $1.06 to $1.03 $7,969 1.50% 0.85% to 1.45% 8.81% to 8.16% 2009 7,910 $0.97 to $0.95 $7,624 3.77% 0.85% to 1.45% 23.83% to 23.09% 2008 7,986 $0.78 to $0.77 $6,229 1.30% 0.85% to 1.45% (42.85%) to (43.19%) 2007 5,140 $1.37 to $1.36 $7,027 1.08% 0.85% to 1.45% 15.85% to 15.15% 2006 1,560 $1.18 to $1.18 $1,845 -- 0.85% to 1.45% 18.06%(6) to 17.70%(6) ---------------------------------------------------------------------------------------------------------------
266 RIVERSOURCE VARIABLE ACCOUNT 10
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- EV VT FLOATING-RATE INC 2010 214,175 $1.18 to $1.13 $247,939 4.04% 0.55% to 1.45% 8.52% to 7.55% 2009 828,278 $1.08 to $1.05 $884,459 4.79% 0.55% to 1.45% 43.52% to 42.23% 2008 581,542 $0.76 to $0.74 $434,439 5.74% 0.55% to 1.45% (27.54%) to (28.19%) 2007 469,434 $1.04 to $1.03 $485,908 6.25% 0.55% to 1.45% 1.08% to 0.16% 2006 298,230 $1.03 to $1.02 $306,684 6.14% 0.55% to 1.45% 3.18%(5) to 2.50%(6) --------------------------------------------------------------------------------------------------------------- FID VIP CONTRAFUND, SERV CL 2 2010 474,193 $1.08 to $1.20 $512,183 0.82% 0.55% to 1.80% 16.29% to 19.27%(13) 2009 841,696 $0.93 to $0.95 $791,182 0.94% 0.55% to 1.45% 34.73% to 33.52% 2008 1,455,857 $0.69 to $0.71 $1,023,890 0.96% 0.55% to 1.45% (43.01%) to (43.52%) 2007 1,018,249 $1.21 to $1.27 $1,258,736 0.89% 0.55% to 1.45% 16.66% to 15.61% 2006 622,501 $1.03 to $1.09 $654,611 1.75% 0.55% to 1.45% 3.50%(5) to 8.94%(6) --------------------------------------------------------------------------------------------------------------- FID VIP GRO & INC, SERV CL 2010 69,940 $1.09 to $1.04 $73,762 0.56% 0.55% to 0.95% 14.03% to 13.58% 2009 91,710 $0.95 to $0.91 $85,042 0.95% 0.55% to 0.95% 26.46% to 25.96% 2008 114,759 $0.75 to $0.73 $84,337 0.96% 0.55% to 0.95% (42.09%) to (42.33%) 2007 154,280 $1.30 to $1.26 $196,235 1.66% 0.55% to 0.95% 11.38% to 10.94% 2006 182,343 $1.17 to $1.14 $209,031 0.85% 0.55% to 0.95% 12.39% to 11.95% --------------------------------------------------------------------------------------------------------------- FID VIP GRO & INC, SERV CL 2 2010 139,138 $1.18 to $1.16 $160,712 0.45% 0.55% to 1.20% 13.92% to 13.18% 2009 168,181 $1.04 to $1.02 $171,003 0.83% 0.55% to 1.20% 26.32% to 25.50% 2008 209,939 $0.82 to $0.81 $169,597 0.85% 0.55% to 1.20% (42.22%) to (42.59%) 2007 278,465 $1.42 to $1.42 $390,431 1.39% 0.55% to 1.20% 11.24% to 10.52% 2006 329,942 $1.28 to $1.28 $417,155 0.71% 0.55% to 1.20% 12.24% to 11.51% --------------------------------------------------------------------------------------------------------------- FID VIP MID CAP, SERV CL 2010 49,947 $3.94 to $3.77 $191,576 0.24% 0.55% to 0.95% 28.00% to 27.49% 2009 68,537 $3.08 to $2.95 $205,621 0.57% 0.55% to 0.95% 39.25% to 38.69% 2008 85,755 $2.21 to $2.13 $185,298 0.35% 0.55% to 0.95% (39.84%) to (40.08%) 2007 109,849 $3.68 to $3.56 $395,275 0.72% 0.55% to 0.95% 14.85% to 14.39% 2006 131,594 $3.20 to $3.11 $413,296 0.26% 0.55% to 0.95% 11.97% to 11.53% --------------------------------------------------------------------------------------------------------------- FID VIP MID CAP, SERV CL 2 2010 328,665 $2.55 to $1.24 $708,606 0.09% 0.55% to 1.80% 27.86% to 23.03%(13) 2009 705,682 $1.99 to $1.01 $1,036,331 0.43% 0.55% to 1.45% 38.98% to 37.74% 2008 913,300 $1.43 to $0.74 $965,638 0.25% 0.55% to 1.45% (39.94%) to (40.48%) 2007 738,939 $2.39 to $1.24 $1,459,930 0.49% 0.55% to 1.45% 14.70% to 13.67% 2006 624,914 $2.08 to $1.09 $1,208,847 0.16% 0.55% to 1.45% 11.79% to 8.10%(6) --------------------------------------------------------------------------------------------------------------- FID VIP OVERSEAS, SERV CL 2010 29,438 $1.26 to $1.20 $36,025 1.18% 0.55% to 0.95% 12.37% to 11.93% 2009 39,541 $1.12 to $1.07 $43,185 1.97% 0.55% to 0.95% 25.74% to 25.24% 2008 50,013 $0.89 to $0.86 $43,461 2.20% 0.55% to 0.95% (44.17%) to (44.40%) 2007 66,055 $1.59 to $1.54 $103,079 3.12% 0.55% to 0.95% 16.56% to 16.09% 2006 76,349 $1.37 to $1.33 $102,498 0.78% 0.55% to 0.95% 17.30% to 16.84% --------------------------------------------------------------------------------------------------------------- FID VIP OVERSEAS, SERV CL 2 2010 87,539 $1.52 to $1.02 $122,216 1.12% 0.55% to 1.45% 12.21% to 11.21% 2009 103,180 $1.35 to $0.92 $129,326 1.88% 0.55% to 1.45% 25.53% to 24.40% 2008 123,289 $1.08 to $0.74 $125,026 2.18% 0.55% to 1.45% (44.27%) to (44.77%) 2007 146,997 $1.93 to $1.34 $272,379 2.91% 0.55% to 1.45% 16.41% to 15.36% 2006 151,362 $1.66 to $1.16 $248,078 0.65% 0.55% to 1.45% 17.13% to 15.34%(6) --------------------------------------------------------------------------------------------------------------- FTVIPT FRANK GLOBAL REAL EST, CL 2 2010 103,135 $2.10 to $0.74 $172,609 2.86% 0.55% to 1.45% 20.31% to 19.23% 2009 119,954 $1.75 to $0.62 $170,847 12.90% 0.55% to 1.45% 18.43% to 17.37% 2008 143,021 $1.48 to $0.53 $177,416 1.02% 0.55% to 1.45% (42.71%) to (43.22%) 2007 204,660 $2.58 to $0.94 $456,336 2.45% 0.55% to 1.45% (21.30%) to (22.01%) 2006 257,421 $3.27 to $1.20 $773,536 2.06% 0.55% to 1.45% 19.92% to 19.66%(6) ---------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 267
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- FTVIPT FRANK SM CAP VAL, CL 2 2010 91,828 $2.64 to $1.30 $193,362 0.75% 0.55% to 1.80% 27.52% to 29.36%(13) 2009 108,899 $2.07 to $0.88 $183,264 1.66% 0.55% to 1.45% 28.45% to 27.30% 2008 128,040 $1.61 to $0.69 $173,195 1.15% 0.55% to 1.45% (33.38%) to (33.98%) 2007 157,429 $2.42 to $1.05 $329,244 0.65% 0.55% to 1.45% (2.92%) to (3.79%) 2006 166,830 $2.49 to $1.09 $380,878 0.64% 0.55% to 1.45% 16.34% to 7.75%(6) --------------------------------------------------------------------------------------------------------------- FTVIPT MUTUAL SHARES SEC, CL 2 2010 141,032 $1.36 to $1.12 $174,040 1.55% 0.55% to 1.80% 10.58% to 11.29%(13) 2009 158,713 $1.23 to $0.90 $178,999 1.91% 0.55% to 1.45% 25.36% to 24.23% 2008 186,091 $0.98 to $0.72 $169,267 2.85% 0.55% to 1.45% (37.45%) to (38.01%) 2007 248,867 $1.57 to $1.17 $367,471 1.44% 0.55% to 1.45% 2.91% to 1.98% 2006 207,209 $1.53 to $1.15 $309,114 1.28% 0.55% to 1.45% 17.73% to 13.33%(6) --------------------------------------------------------------------------------------------------------------- GS VIT MID CAP VAL, INST 2010 122,523 $2.86 to $1.98 $328,204 0.65% 0.55% to 1.20% 24.32% to 23.51% 2009 151,389 $2.30 to $1.60 $326,736 1.73% 0.55% to 1.20% 32.42% to 31.56% 2008 191,346 $1.74 to $1.22 $312,184 0.90% 0.55% to 1.20% (37.40%) to (37.80%) 2007 278,223 $2.78 to $1.96 $726,483 0.70% 0.55% to 1.20% 2.63% to 1.97% 2006 327,755 $2.71 to $1.92 $835,018 0.90% 0.55% to 1.20% 15.53% to 14.78% --------------------------------------------------------------------------------------------------------------- GS VIT STRUCTD SM CAP EQ, INST 2010 6,309 $1.79 to $1.71 $10,932 0.52% 0.55% to 0.95% 29.40% to 28.89% 2009 7,754 $1.38 to $1.32 $10,406 1.14% 0.55% to 0.95% 26.97% to 26.47% 2008 9,648 $1.09 to $1.05 $10,223 0.58% 0.55% to 0.95% (34.38%) to (34.65%) 2007 13,830 $1.66 to $1.60 $22,383 0.31% 0.55% to 0.95% (16.94%) to (17.28%) 2006 19,072 $2.00 to $1.94 $37,272 0.61% 0.55% to 0.95% 11.66% to 11.21% --------------------------------------------------------------------------------------------------------------- GS VIT STRUCTD U.S. EQ, INST 2010 174,647 $0.98 to $0.90 $167,514 1.40% 0.55% to 1.45% 12.22% to 11.22% 2009 210,015 $0.87 to $0.81 $180,207 1.98% 0.55% to 1.45% 20.48% to 19.40% 2008 255,182 $0.72 to $0.68 $182,460 1.39% 0.55% to 1.45% (37.35%) to (37.91%) 2007 366,725 $1.15 to $1.09 $420,471 0.94% 0.55% to 1.45% (2.17%) to (3.05%) 2006 445,093 $1.18 to $1.13 $524,191 1.05% 0.55% to 1.45% 12.27% to 11.89%(6) --------------------------------------------------------------------------------------------------------------- INVESCO VI CAP APPR, SER I 2010 24,186 $0.92 to $0.88 $21,687 0.72% 0.55% to 0.95% 14.86% to 14.40% 2009 32,041 $0.80 to $0.77 $25,048 0.60% 0.55% to 0.95% 20.41% to 19.93% 2008 41,116 $0.67 to $0.64 $26,745 -- 0.55% to 0.95% (42.81%) to (43.04%) 2007 57,018 $1.16 to $1.13 $64,980 -- 0.55% to 0.95% 11.40% to 10.95% 2006 72,809 $1.05 to $1.02 $74,671 0.05% 0.55% to 0.95% 5.72% to 5.30% --------------------------------------------------------------------------------------------------------------- INVESCO VI CAP APPR, SER II 2010 106,211 $0.99 to $0.91 $102,947 0.52% 0.55% to 1.45% 14.57% to 13.55% 2009 122,706 $0.86 to $0.80 $104,161 0.28% 0.55% to 1.45% 20.06% to 18.98% 2008 139,781 $0.72 to $0.68 $99,172 -- 0.55% to 1.45% (42.94%) to (43.45%) 2007 165,546 $1.26 to $1.19 $206,589 -- 0.55% to 1.45% 11.12% to 10.12% 2006 198,366 $1.14 to $1.08 $223,712 -- 0.55% to 1.45% 5.48% to 8.06%(6) --------------------------------------------------------------------------------------------------------------- INVESCO VI CAP DEV, SER I 2010 9,737 $1.87 to $1.78 $17,620 -- 0.55% to 0.95% 18.13% to 17.66% 2009 12,959 $1.58 to $1.52 $19,894 -- 0.55% to 0.95% 41.59% to 41.02% 2008 16,730 $1.12 to $1.07 $18,148 -- 0.55% to 0.95% (47.32%) to (47.53%) 2007 23,478 $2.12 to $2.05 $48,483 -- 0.55% to 0.95% 10.23% to 9.79% 2006 28,272 $1.92 to $1.86 $53,160 -- 0.55% to 0.95% 15.88% to 15.42% --------------------------------------------------------------------------------------------------------------- INVESCO VI CAP DEV, SER II 2010 23,414 $1.43 to $1.02 $30,871 -- 0.55% to 1.45% 17.82% to 16.77% 2009 29,644 $1.21 to $0.87 $33,384 -- 0.55% to 1.45% 41.21% to 39.95% 2008 36,124 $0.86 to $0.62 $29,143 -- 0.55% to 1.45% (47.42%) to (47.89%) 2007 49,607 $1.63 to $1.20 $76,866 -- 0.55% to 1.45% 9.94% to 8.95% 2006 48,026 $1.48 to $1.10 $69,832 -- 0.55% to 1.45% 15.62% to 9.49%(6) ---------------------------------------------------------------------------------------------------------------
268 RIVERSOURCE VARIABLE ACCOUNT 10
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- INVESCO VI CORE EQ, SER I 2010 58,751 $2.00 to $2.00 $118,804 0.94% 1.25% to 1.25% 8.20% to 8.20% 2009 72,541 $1.85 to $1.85 $135,402 1.74% 1.25% to 1.25% 26.71% to 26.71% 2008 92,625 $1.46 to $1.46 $136,522 1.92% 1.25% to 1.25% (31.01%) to (31.01%) 2007 128,470 $2.11 to $2.11 $273,531 0.92% 1.25% to 1.25% 6.77% to 6.77% 2006 199,591 $1.98 to $1.98 $396,958 0.49% 1.25% to 1.25% 15.26% to 15.26% --------------------------------------------------------------------------------------------------------------- INVESCO VI DYN, SER I 2010 5,021 $1.29 to $1.33 $6,332 -- 0.55% to 1.20% 23.15% to 22.35% 2009 6,236 $1.04 to $1.09 $6,407 -- 0.55% to 1.20% 41.66% to 40.74% 2008 7,742 $0.74 to $0.77 $5,632 -- 0.55% to 1.20% (48.36%) to (48.70%) 2007 10,864 $1.43 to $1.51 $15,341 -- 0.55% to 1.20% 11.57% to 10.84% 2006 12,477 $1.28 to $1.36 $15,850 -- 0.55% to 1.20% 15.48% to 14.73% --------------------------------------------------------------------------------------------------------------- INVESCO VI FIN SERV, SER I 2010 23,642 $0.60 to $0.61 $14,006 0.10% 0.55% to 1.20% 9.71% to 9.00% 2009 27,205 $0.55 to $0.56 $14,737 3.47% 0.55% to 1.20% 26.73% to 25.91% 2008 25,119 $0.44 to $0.44 $10,755 3.06% 0.55% to 1.20% (59.67%) to (59.93%) 2007 16,657 $1.08 to $1.10 $17,731 1.48% 0.55% to 1.20% (22.65%) to (23.15%) 2006 21,798 $1.39 to $1.43 $30,102 1.72% 0.55% to 1.20% 15.81% to 15.06% --------------------------------------------------------------------------------------------------------------- INVESCO VI FIN SERV, SER II 2010 13,348 $0.50 to $0.48 $6,631 -- 0.85% to 1.45% 9.17% to 8.51% 2009 12,958 $0.46 to $0.45 $5,910 3.78% 0.85% to 1.45% 26.22% to 25.46% 2008 8,626 $0.36 to $0.36 $3,131 3.69% 0.85% to 1.45% (59.90%) to (60.15%) 2007 3,427 $0.90 to $0.89 $3,081 2.20% 0.85% to 1.45% (23.06%) to (23.52%) 2006 1,364 $1.17 to $1.17 $1,596 6.35% 0.85% to 1.45% 16.10%(6) to 15.74%(6) --------------------------------------------------------------------------------------------------------------- INVESCO VI GLOBAL HLTH, SER II 2010 20,785 $1.07 to $1.08 $22,251 -- 0.55% to 1.45% 4.43% to 3.49% 2009 22,760 $1.02 to $1.05 $23,381 0.13% 0.55% to 1.45% 26.69% to 25.56% 2008 21,604 $0.81 to $0.83 $17,564 -- 0.55% to 1.45% (29.17%) to (29.81%) 2007 16,065 $1.14 to $1.19 $18,500 -- 0.55% to 1.45% 10.90% to 9.90% 2006 87,789 $1.03 to $1.08 $91,682 -- 0.55% to 1.45% 3.11%(5) to 8.12%(6) --------------------------------------------------------------------------------------------------------------- INVESCO VI INTL GRO, SER II 2010 90,302 $1.40 to $1.20 $121,171 0.57% 0.55% to 1.45% 11.99% to 10.99% 2009 668,344 $1.25 to $1.08 $767,971 1.54% 0.55% to 1.45% 34.17% to 32.97% 2008 537,767 $0.93 to $0.81 $461,509 0.72% 0.55% to 1.45% (40.87%) to (41.40%) 2007 234,064 $1.58 to $1.39 $342,381 0.86% 0.55% to 1.45% 13.82% to 12.79% 2006 5,226 $1.39 to $1.23 $7,023 1.97% 0.55% to 1.45% 27.18% to 22.52%(6) --------------------------------------------------------------------------------------------------------------- INVESCO VI TECH, SER I 2010 37,411 $0.90 to $1.00 $33,424 -- 0.55% to 1.20% 20.64% to 19.86% 2009 37,973 $0.75 to $0.83 $28,223 -- 0.55% to 1.20% 56.53% to 55.52% 2008 32,201 $0.48 to $0.53 $15,360 -- 0.55% to 1.20% (44.81%) to (45.17%) 2007 36,520 $0.86 to $0.98 $31,644 -- 0.55% to 1.20% 7.11% to 6.41% 2006 43,391 $0.81 to $0.92 $35,223 -- 0.55% to 1.20% 9.88% to 9.17% --------------------------------------------------------------------------------------------------------------- INVESCO VANK VI COMSTOCK, SER II 2010 214,858 $1.26 to $0.99 $257,010 0.22% 0.55% to 1.45% 15.06% to 14.03% 2009 700,428 $1.09 to $0.87 $681,301 4.57% 0.55% to 1.45% 27.70% to 26.56% 2008 890,312 $0.85 to $0.69 $681,107 2.13% 0.55% to 1.45% (36.15%) to (36.73%) 2007 706,658 $1.34 to $1.09 $869,865 1.54% 0.55% to 1.45% (2.87%) to (3.74%) 2006 615,160 $1.38 to $1.13 $810,354 1.11% 0.55% to 1.45% 15.41% to 12.68%(6) --------------------------------------------------------------------------------------------------------------- JANUS ASPEN ENTERPRISE, SERV 2010 25,642 $0.74 to $0.71 $18,425 -- 0.55% to 0.95% 24.83% to 24.34% 2009 31,734 $0.59 to $0.57 $18,312 -- 0.55% to 0.95% 43.65% to 43.08% 2008 38,478 $0.41 to $0.40 $15,504 0.06% 0.55% to 0.95% (44.17%) to (44.39%) 2007 45,767 $0.74 to $0.72 $33,179 0.07% 0.55% to 0.95% 21.07% to 20.59% 2006 50,493 $0.61 to $0.59 $30,258 -- 0.55% to 0.95% 12.69% to 12.24% ---------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 269
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- JANUS ASPEN GLOBAL TECH, SERV 2010 43,886 $0.57 to $1.36 $24,760 -- 0.55% to 1.20% 23.71% to 22.91% 2009 47,873 $0.46 to $1.11 $21,824 -- 0.55% to 1.20% 56.04% to 55.03% 2008 41,022 $0.29 to $0.71 $11,998 0.09% 0.55% to 1.20% (44.28%) to (44.64%) 2007 49,169 $0.53 to $1.29 $25,957 0.34% 0.55% to 1.20% 21.03% to 20.24% 2006 54,174 $0.43 to $1.07 $23,644 -- 0.55% to 1.20% 7.24% to 6.54% --------------------------------------------------------------------------------------------------------------- JANUS ASPEN JANUS, SERV 2010 85,313 $0.98 to $1.17 $82,233 0.05% 0.55% to 1.80% 13.63% to 16.30%(13) 2009 1,711,481 $0.86 to $0.84 $1,454,728 0.38% 0.55% to 1.45% 35.27% to 34.06% 2008 1,226,178 $0.63 to $0.63 $773,445 0.64% 0.55% to 1.45% (40.20%) to (40.74%) 2007 747,893 $1.06 to $1.06 $791,866 0.66% 0.55% to 1.45% 6.28%(9) to 5.64%(9) 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- JANUS ASPEN OVERSEAS, SERV 2010 97,399 $1.82 to $3.02 $175,076 0.53% 0.55% to 1.20% 24.33% to 23.53% 2009 110,781 $1.47 to $2.45 $160,461 0.41% 0.55% to 1.20% 78.09% to 76.94% 2008 126,355 $0.82 to $1.38 $103,231 1.14% 0.55% to 1.20% (52.49%) to (52.80%) 2007 147,130 $1.73 to $2.93 $252,914 0.45% 0.55% to 1.20% 27.31% to 26.48% 2006 142,098 $1.36 to $2.32 $192,642 1.88% 0.55% to 1.20% 45.83% to 44.88% --------------------------------------------------------------------------------------------------------------- LM CB VAR SM CAP GRO, CL I 2010 7,914 $1.06 to $1.03 $8,290 -- 0.55% to 1.45% 24.49% to 23.38% 2009 8,674 $0.85 to $0.83 $7,331 -- 0.55% to 1.45% 41.99% to 40.72% 2008 6,856 $0.60 to $0.59 $4,098 -- 0.55% to 1.45% (41.03%) to (41.56%) 2007 3,951 $1.02 to $1.01 $4,021 -- 0.55% to 1.45% 2.02%(8) to 1.39%(8) 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- MFS INV GRO STOCK, SERV CL 2010 105,423 $0.76 to $1.13 $82,960 0.29% 0.55% to 1.45% 11.54% to 10.54% 2009 125,305 $0.68 to $1.02 $88,112 0.42% 0.55% to 1.45% 38.33% to 37.09% 2008 119,103 $0.49 to $0.74 $60,178 0.30% 0.55% to 1.45% (37.33%) to (37.89%) 2007 150,560 $0.79 to $1.20 $120,724 0.09% 0.55% to 1.45% 10.41% to 9.42% 2006 187,890 $0.71 to $1.10 $136,819 -- 0.55% to 1.45% 6.72% to 9.33%(6) --------------------------------------------------------------------------------------------------------------- MFS NEW DIS, SERV CL 2010 47,235 $1.35 to $1.51 $62,698 -- 0.55% to 1.20% 35.20% to 34.32% 2009 53,217 $1.00 to $1.12 $52,365 -- 0.55% to 1.20% 62.03% to 60.98% 2008 59,531 $0.62 to $0.70 $36,303 -- 0.55% to 1.20% (39.85%) to (40.24%) 2007 80,673 $1.02 to $1.17 $82,088 -- 0.55% to 1.20% 1.69% to 1.02% 2006 98,386 $1.01 to $1.16 $98,902 -- 0.55% to 1.20% 12.31% to 11.59% --------------------------------------------------------------------------------------------------------------- MFS UTILITIES, SERV CL 2010 121,459 $2.11 to $1.17 $229,995 3.10% 0.55% to 1.80% 12.89% to 15.70%(13) 2009 139,628 $1.86 to $1.25 $236,943 4.76% 0.55% to 1.45% 32.14% to 30.96% 2008 163,177 $1.41 to $0.95 $212,724 1.35% 0.55% to 1.45% (38.15%) to (38.71%) 2007 181,259 $2.28 to $1.56 $389,228 0.75% 0.55% to 1.45% 26.85% to 25.71% 2006 142,816 $1.80 to $1.24 $254,044 1.88% 0.55% to 1.45% 30.25% to 23.49%(6) --------------------------------------------------------------------------------------------------------------- MS UIF GLOBAL REAL EST, CL II 2010 69,097 $1.06 to $1.07 $73,116 9.13% 0.55% to 1.45% 21.65% to 20.56% 2009 299,590 $0.87 to $0.88 $264,522 0.02% 0.55% to 1.45% 40.64% to 39.38% 2008 382,715 $0.62 to $0.63 $241,004 2.66% 0.55% to 1.45% (44.65%) to (45.15%) 2007 179,034 $1.12 to $1.16 $203,382 1.28% 0.55% to 1.45% (8.98%) to (9.80%) 2006 136,442 $1.23 to $1.28 $169,621 4.39% 0.55% to 1.45% 23.57%(5) to 26.94%(6) --------------------------------------------------------------------------------------------------------------- MS UIF MID CAP GRO, CL II 2010 45,797 $1.31 to $1.26 $60,967 -- 0.55% to 1.80% 31.54% to 25.27%(13) 2009 46,533 $1.00 to $1.06 $47,117 -- 0.55% to 1.45% 56.51% to 55.10% 2008 44,920 $0.64 to $0.68 $29,120 0.77% 0.55% to 1.45% (47.11%) to (47.58%) 2007 38,593 $1.21 to $1.30 $47,493 -- 0.55% to 1.45% 21.94% to 20.84% 2006 98,448 $0.99 to $1.08 $100,352 -- 0.55% to 1.45% (0.22%)(5) to 7.27%(6) ---------------------------------------------------------------------------------------------------------------
270 RIVERSOURCE VARIABLE ACCOUNT 10
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- NB AMT INTL, CL S 2010 23,892 $0.93 to $1.00 $22,804 1.80% 0.55% to 1.45% 21.35% to 20.26% 2009 379,110 $0.76 to $0.83 $309,505 3.73% 0.55% to 1.45% 33.77% to 32.57% 2008 358,116 $0.57 to $0.63 $218,422 -- 0.55% to 1.45% (46.73%) to (47.21%) 2007 273,245 $1.07 to $1.19 $313,049 2.12% 0.55% to 1.45% 2.64% to 1.72% 2006 147,411 $1.05 to $1.17 $160,106 2.30% 0.55% to 1.45% 4.11%(5) to 16.75%(6) --------------------------------------------------------------------------------------------------------------- NB AMT SOC RESPONSIVE, CL S 2010 3,027 $1.15 to $1.18 $3,473 0.02% 0.85% to 1.80% 21.72% to 17.42%(13) 2009 2,503 $0.95 to $0.93 $2,360 2.09% 0.85% to 1.45% 30.20% to 29.42% 2008 2,198 $0.73 to $0.72 $1,594 1.94% 0.85% to 1.45% (39.94%) to (40.30%) 2007 1,744 $1.21 to $1.20 $2,109 0.03% 0.85% to 1.45% 6.46% to 5.82% 2006 466 $1.14 to $1.14 $530 -- 0.85% to 1.45% 13.43%(6) to 13.09%(6) --------------------------------------------------------------------------------------------------------------- OPPEN GLOBAL SEC VA, SERV 2010 76,283 $1.53 to $1.18 $107,678 1.23% 0.55% to 1.80% 15.07% to 17.77%(13) 2009 82,309 $1.33 to $0.98 $101,816 1.98% 0.55% to 1.45% 38.59% to 37.35% 2008 93,206 $0.96 to $0.72 $84,227 1.36% 0.55% to 1.45% (40.66%) to (41.19%) 2007 117,627 $1.62 to $1.22 $181,571 1.15% 0.55% to 1.45% 5.50% to 4.55% 2006 117,612 $1.53 to $1.16 $176,344 0.72% 0.55% to 1.45% 16.72% to 15.87%(6) --------------------------------------------------------------------------------------------------------------- OPPEN GLOBAL STRATEGIC INC VA, SRV 2010 706,224 $1.45 to $1.29 $985,348 13.38% 0.55% to 1.45% 14.14% to 13.12% 2009 2,168,384 $1.27 to $1.14 $2,606,149 0.23% 0.55% to 1.45% 17.76% to 16.70% 2008 2,013,495 $1.08 to $0.98 $2,075,960 4.44% 0.55% to 1.45% (14.95%) to (15.72%) 2007 1,745,768 $1.27 to $1.16 $2,131,138 2.47% 0.55% to 1.45% 8.95% to 7.97% 2006 820,585 $1.16 to $1.08 $936,136 2.90% 0.55% to 1.45% 6.65% to 7.74%(6) --------------------------------------------------------------------------------------------------------------- OPPEN MAIN ST SM MID CAP VA, SERV 2010 58,250 $1.45 to $1.22 $76,560 0.43% 0.55% to 1.80% 22.38% to 21.39%(13) 2009 67,777 $1.18 to $0.88 $73,523 0.65% 0.55% to 1.45% 36.13% to 34.91% 2008 76,585 $0.87 to $0.65 $61,768 0.29% 0.55% to 1.45% (38.34%) to (38.90%) 2007 91,911 $1.41 to $1.07 $121,816 0.15% 0.55% to 1.45% (1.94%) to (2.82%) 2006 81,385 $1.44 to $1.10 $113,492 0.02% 0.55% to 1.45% 14.03% to 8.72%(6) --------------------------------------------------------------------------------------------------------------- OPPEN VAL VA, SERV 2010 4,829 $0.97 to $0.95 $4,653 0.91% 0.85% to 1.45% 13.84% to 13.15% 2009 5,240 $0.85 to $0.84 $4,443 0.18% 0.85% to 1.45% 31.45% to 30.66% 2008 4,235 $0.65 to $0.64 $2,737 0.63% 0.85% to 1.45% (42.11%) to (42.46%) 2007 5,116 $1.12 to $1.11 $5,723 0.65% 0.85% to 1.45% 4.80% to 4.17% 2006 370 $1.07 to $1.07 $396 -- 0.85% to 1.45% 6.99%(7) to 6.81%(7) --------------------------------------------------------------------------------------------------------------- PIMCO VIT ALL ASSET, ADVISOR CL 2010 192,371 $1.27 to $1.06 $244,031 4.92% 0.55% to 1.80% 12.39% to 6.05%(13) 2009 1,054,508 $1.13 to $1.13 $1,199,776 6.97% 0.55% to 1.45% 20.76% to 19.68% 2008 1,091,785 $0.94 to $0.94 $1,032,082 6.54% 0.55% to 1.45% (16.37%) to (17.12%) 2007 754,096 $1.12 to $1.14 $855,250 8.20% 0.55% to 1.45% 7.59% to 6.62% 2006 437,682 $1.04 to $1.07 $460,233 9.03% 0.55% to 1.45% 4.65%(5) to 6.59%(6) --------------------------------------------------------------------------------------------------------------- PUT VT GLOBAL HLTH CARE, CL IB 2010 18,734 $1.17 to $1.15 $21,455 1.99% 0.55% to 1.20% 1.91% to 1.25% 2009 23,153 $1.15 to $1.13 $26,091 11.63% 0.55% to 1.20% 25.31% to 24.50% 2008 27,807 $0.92 to $0.91 $25,092 -- 0.55% to 1.20% (17.52%) to (18.06%) 2007 35,962 $1.11 to $1.11 $39,464 0.83% 0.55% to 1.20% (1.15%) to (1.79%) 2006 46,519 $1.12 to $1.13 $51,796 0.33% 0.55% to 1.20% 2.23% to 1.57% --------------------------------------------------------------------------------------------------------------- PUT VT INTL EQ, CL IB 2010 24,302 $1.34 to $1.39 $32,041 3.67% 0.55% to 1.20% 9.42% to 8.71% 2009 29,798 $1.23 to $1.28 $36,019 -- 0.55% to 1.20% 23.95% to 23.15% 2008 37,947 $0.99 to $1.04 $37,137 2.26% 0.55% to 1.20% (44.26%) to (44.62%) 2007 53,770 $1.78 to $1.87 $94,674 2.89% 0.55% to 1.20% 7.77% to 7.07% 2006 62,626 $1.65 to $1.75 $102,620 0.62% 0.55% to 1.20% 27.02% to 26.20% ---------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 271
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- PUT VT MULTI-CAP GRO, CL IA 2010 47,515 $1.46 to $1.46 $70,085 0.60% 1.25% to 1.25% 18.38% to 18.38% 2009 57,178 $1.24 to $1.24 $71,207 0.70% 1.25% to 1.25% 30.84% to 30.84% 2008 71,705 $0.94 to $0.94 $68,211 0.32% 1.25% to 1.25% (39.38%) to (39.38%) 2007 97,679 $1.56 to $1.56 $153,100 0.18% 1.25% to 1.25% 4.70% to 4.70% 2006 149,236 $1.49 to $1.49 $223,047 0.19% 1.25% to 1.25% 7.48% to 7.48% --------------------------------------------------------------------------------------------------------------- PUT VT MULTI-CAP GRO, CL IB 2010 29,434 $1.13 to $1.13 $33,346 -- 0.55% to 1.20% 13.15%(14) to 12.95%(14) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- ROYCE MICRO-CAP, INVEST CL 2010 15,792 $4.05 to $3.87 $62,060 1.74% 0.55% to 0.95% 29.25% to 28.73% 2009 20,125 $3.13 to $3.00 $61,288 -- 0.55% to 0.95% 57.18% to 56.55% 2008 24,388 $1.99 to $1.92 $47,373 2.28% 0.55% to 0.95% (43.58%) to (43.81%) 2007 33,734 $3.53 to $3.41 $116,412 1.33% 0.55% to 0.95% 3.41% to 2.99% 2006 40,617 $3.41 to $3.32 $135,983 0.17% 0.55% to 0.95% 20.41% to 19.93% --------------------------------------------------------------------------------------------------------------- DISC ASSET ALLOC, AGGR 2010 23,395 $0.97 to $1.15 $22,893 -- 0.55% to 1.80% 11.91% to 15.35%(13) 2009 22,914 $0.87 to $0.86 $20,064 -- 0.55% to 1.45% 23.13% to 22.02% 2008 11,766 $0.70 to $0.71 $8,341 -- 0.55% to 1.45% (29.70%)(10) to (30.12%)(10) 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- DISC ASSET ALLOC, CONSERV 2010 56,302 $1.06 to $1.06 $59,143 -- 0.55% to 1.80% 8.17% to 6.45%(13) 2009 41,486 $0.98 to $0.96 $40,526 -- 0.55% to 1.45% 16.22% to 15.18% 2008 25,426 $0.84 to $0.84 $21,358 -- 0.55% to 1.45% (16.24%)(10) to (16.74%)(10) 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- DISC ASSET ALLOC, MOD 2010 111,305 $1.00 to $1.11 $110,886 -- 0.55% to 1.80% 9.77% to 11.06%(13) 2009 92,895 $0.91 to $0.90 $84,706 -- 0.55% to 1.45% 20.06% to 18.98% 2008 49,366 $0.76 to $0.76 $37,774 -- 0.55% to 1.45% (24.58%)(10) to (25.03%)(10) 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- DISC ASSET ALLOC, MOD AGGR 2010 54,254 $0.98 to $1.13 $55,524 -- 0.55% to 1.80% 10.77% to 12.99%(13) 2009 54,997 $0.89 to $0.88 $49,630 -- 0.55% to 1.45% 21.52% to 20.44% 2008 33,063 $0.73 to $0.73 $24,461 -- 0.55% to 1.45% (27.03%)(10) to (27.47%)(10) 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- DISC ASSET ALLOC, MOD CONSERV 2010 59,825 $1.02 to $1.09 $61,135 -- 0.55% to 1.80% 9.06% to 8.62%(13) 2009 54,340 $0.94 to $0.93 $50,887 -- 0.55% to 1.45% 18.27% to 17.21% 2008 25,258 $0.79 to $0.79 $20,078 -- 0.55% to 1.45% (20.96%)(10) to (21.43%)(10) 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP BAL, CL 3 2010 182,004 $1.22 to $1.14 $241,934 -- 0.55% to 1.80% 11.91% to 13.84%(13) 2009 221,592 $1.09 to $0.95 $264,041 -- 0.55% to 1.45% 23.55% to 22.44% 2008 189,680 $0.88 to $0.78 $194,345 0.26% 0.55% to 1.45% (30.30%) to (30.92%) 2007 271,898 $1.26 to $1.13 $399,988 2.84% 0.55% to 1.45% 1.18% to 0.27% 2006 308,699 $1.25 to $1.13 $470,890 2.46% 0.55% to 1.45% 13.76% to 12.16%(6) ---------------------------------------------------------------------------------------------------------------
272 RIVERSOURCE VARIABLE ACCOUNT 10
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- COL VP CASH MGMT, CL 2 2010 3,801 $1.00 to $0.99 $3,800 0.01% 0.85% to 1.80% (0.38%)(13) to (0.81%)(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP CASH MGMT, CL 3 2010 361,513 $1.23 to $1.03 $417,463 0.01% 0.55% to 1.45% (0.55%) to (1.42%) 2009 554,428 $1.24 to $1.04 $644,738 0.07% 0.55% to 1.45% (0.41%) to (1.28%) 2008 1,121,065 $1.25 to $1.06 $1,315,148 2.24% 0.55% to 1.45% 1.71% to 0.81% 2007 868,750 $1.22 to $1.05 $1,009,165 4.72% 0.55% to 1.45% 4.25% to 3.32% 2006 701,788 $1.17 to $1.02 $794,074 4.44% 0.55% to 1.45% 3.92% to 1.65%(6) --------------------------------------------------------------------------------------------------------------- COL VP DIV BOND, CL 2 2010 3,198 $1.02 to $1.01 $3,251 -- 0.85% to 1.80% 1.75%(13) to 1.31%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP DIV BOND, CL 3 2010 773,783 $1.63 to $1.21 $1,161,761 2.87% 0.55% to 1.45% 7.73% to 6.76% 2009 3,271,423 $1.51 to $1.13 $4,158,300 4.22% 0.55% to 1.45% 13.79% to 12.78% 2008 2,911,692 $1.33 to $1.00 $3,295,541 0.39% 0.55% to 1.45% (6.83%) to (7.66%) 2007 2,530,299 $1.43 to $1.09 $3,134,332 4.75% 0.55% to 1.45% 4.62% to 3.68% 2006 1,441,352 $1.36 to $1.05 $1,832,904 4.39% 0.55% to 1.45% 3.84% to 4.86%(6) --------------------------------------------------------------------------------------------------------------- COL VP DIV EQ INC, CL 2 2010 969 $1.21 to $1.20 $1,171 -- 0.85% to 1.80% 20.85%(13) to 20.33%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP DIV EQ INC, CL 3 2010 652,140 $1.71 to $1.02 $1,003,948 -- 0.55% to 1.45% 16.19% to 15.15% 2009 2,438,726 $1.47 to $0.88 $2,726,250 -- 0.55% to 1.45% 26.76% to 25.62% 2008 2,062,785 $1.16 to $0.70 $1,884,808 0.08% 0.55% to 1.45% (40.79%) to (41.32%) 2007 1,615,554 $1.96 to $1.20 $2,710,345 1.57% 0.55% to 1.45% 7.43% to 6.46% 2006 1,286,388 $1.83 to $1.12 $2,199,172 1.41% 0.55% to 1.45% 19.09% to 11.90%(6) --------------------------------------------------------------------------------------------------------------- COL VP DYN EQ, CL 2 2010 22 $1.21 to $1.20 $27 -- 0.85% to 1.80% 20.74%(13) to 20.23%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP DYN EQ, CL 3 2010 471,053 $0.82 to $0.94 $436,202 -- 0.55% to 1.45% 16.69% to 15.64% 2009 566,618 $0.70 to $0.81 $452,227 -- 0.55% to 1.45% 23.47% to 22.36% 2008 685,481 $0.57 to $0.67 $447,981 0.24% 0.55% to 1.45% (42.48%) to (43.00%) 2007 908,741 $0.99 to $1.17 $1,044,144 1.30% 0.55% to 1.45% 2.37% to 1.44% 2006 1,149,920 $0.97 to $1.15 $1,327,213 1.16% 0.55% to 1.45% 14.65% to 14.68%(6) --------------------------------------------------------------------------------------------------------------- COL VP GLOBAL BOND, CL 2 2010 1,628 $1.04 to $1.04 $1,693 5.51% 0.85% to 1.80% 4.03%(13) to 3.59%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 273
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- COL VP GLOBAL BOND, CL 3 2010 247,731 $1.82 to $1.26 $410,469 3.34% 0.55% to 1.45% 6.00% to 5.05% 2009 1,026,842 $1.72 to $1.20 $1,428,993 1.82% 0.55% to 1.45% 10.77% to 9.78% 2008 950,255 $1.55 to $1.09 $1,219,672 6.92% 0.55% to 1.45% (0.98%) to (1.87%) 2007 852,722 $1.56 to $1.11 $1,133,348 3.68% 0.55% to 1.45% 7.05% to 6.09% 2006 472,738 $1.46 to $1.05 $646,999 3.28% 0.55% to 1.45% 6.15% to 4.85%(6) --------------------------------------------------------------------------------------------------------------- COL VP GLOBAL INFLATION PROT SEC, CL 2 2010 1,171 $1.02 to $1.01 $1,191 -- 0.85% to 1.80% 1.76%(13) to 1.32%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP GLOBAL INFLATION PROT SEC, CL 3 2010 230,072 $1.24 to $1.17 $279,401 0.79% 0.55% to 1.45% 3.56% to 2.63% 2009 1,530,203 $1.20 to $1.14 $1,785,469 8.68% 0.55% to 1.45% 6.25% to 5.30% 2008 658,300 $1.13 to $1.08 $727,423 2.47% 0.55% to 1.45% (0.41%) to (1.30%) 2007 543,695 $1.13 to $1.10 $605,794 2.38% 0.55% to 1.45% 7.34% to 6.37% 2006 420,004 $1.06 to $1.03 $439,332 3.36% 0.55% to 1.45% 0.64% to 3.04%(6) --------------------------------------------------------------------------------------------------------------- COL VP HI YIELD BOND, CL 2 2010 1,935 $1.08 to $1.08 $2,089 -- 0.85% to 1.80% 8.04%(13) to 7.57%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP HI YIELD BOND, CL 3 2010 288,799 $1.82 to $1.35 $501,482 9.04% 0.55% to 1.45% 13.34% to 12.32% 2009 348,000 $1.61 to $1.21 $537,691 10.21% 0.55% to 1.45% 53.01% to 51.64% 2008 373,277 $1.05 to $0.80 $382,399 0.32% 0.55% to 1.45% (25.58%) to (26.25%) 2007 550,625 $1.41 to $1.08 $763,179 7.40% 0.55% to 1.45% 1.29% to 0.38% 2006 649,204 $1.39 to $1.07 $905,546 7.40% 0.55% to 1.45% 10.21% to 7.67%(6) --------------------------------------------------------------------------------------------------------------- COL VP INC OPP, CL 2 2010 750 $1.07 to $1.07 $803 -- 0.85% to 1.80% 7.15%(13) to 6.69%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP INC OPP, CL 3 2010 148,512 $1.51 to $1.35 $215,637 3.28% 0.55% to 1.45% 12.43% to 11.42% 2009 1,240,488 $1.34 to $1.21 $1,564,362 4.60% 0.55% to 1.45% 41.61% to 40.35% 2008 643,014 $0.95 to $0.86 $575,938 0.18% 0.55% to 1.45% (19.25%) to (19.98%) 2007 516,836 $1.17 to $1.08 $577,421 6.88% 0.55% to 1.45% 2.08% to 1.16% 2006 309,653 $1.15 to $1.07 $345,710 6.45% 0.55% to 1.45% 7.39% to 6.77%(6) --------------------------------------------------------------------------------------------------------------- COL VP LIMITED DURATION CR, CL 2 2010 1,213 $1.01 to $1.01 $1,227 -- 0.85% to 1.80% 1.20%(13) to 0.77%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP MID CAP GRO OPP, CL 2 2010 100 $1.27 to $1.27 $127 -- 0.85% to 1.80% 27.08%(13) to 26.54%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------
274 RIVERSOURCE VARIABLE ACCOUNT 10
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- COL VP MID CAP GRO OPP, CL 3 2010 100,048 $1.58 to $1.28 $140,165 -- 0.55% to 1.45% 25.59% to 24.46% 2009 114,747 $1.26 to $1.03 $128,719 -- 0.55% to 1.45% 62.51% to 61.06% 2008 114,373 $0.78 to $0.64 $78,655 0.02% 0.55% to 1.45% (45.15%) to (45.64%) 2007 151,418 $1.41 to $1.18 $190,564 0.06% 0.55% to 1.45% 13.11% to 12.09% 2006 200,202 $1.25 to $1.05 $222,008 0.24% 0.55% to 1.45% (0.62%) to 4.74%(6) --------------------------------------------------------------------------------------------------------------- COL VP MID CAP VAL OPP, CL 2 2010 204 $1.26 to $1.26 $258 -- 0.85% to 1.80% 26.40%(13) to 25.86%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP MID CAP VAL OPP, CL 3 2010 94,586 $1.40 to $1.08 $120,176 -- 0.55% to 1.45% 21.84% to 20.75% 2009 218,176 $1.15 to $0.89 $220,336 -- 0.55% to 1.45% 40.17% to 38.91% 2008 315,808 $0.82 to $0.64 $227,282 -- 0.55% to 1.45% (45.41%) to (45.90%) 2007 243,624 $1.50 to $1.19 $329,464 0.74% 0.55% to 1.45% 9.75% to 8.76% 2006 273,710 $1.37 to $1.09 $347,533 1.09% 0.55% to 1.45% 14.69% to 8.46%(6) --------------------------------------------------------------------------------------------------------------- COL VP S&P 500, CL 3 2010 156,454 $0.94 to $1.17 $148,693 -- 0.55% to 1.80% 14.08% to 17.32%(13) 2009 181,918 $0.83 to $0.91 $151,756 -- 0.55% to 1.45% 25.31% to 24.18% 2008 200,311 $0.66 to $0.73 $133,680 0.08% 0.55% to 1.45% (37.44%) to (38.00%) 2007 248,360 $1.05 to $1.18 $265,351 1.62% 0.55% to 1.45% 4.44% to 3.50% 2006 269,990 $1.01 to $1.14 $276,643 1.45% 0.55% to 1.45% 14.63% to 13.44%(6) --------------------------------------------------------------------------------------------------------------- COL VP SHORT DURATION, CL 2 2010 1,944 $1.00 to $1.00 $1,945 -- 0.85% to 1.80% 0.20%(13) to (0.23%)(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP SHORT DURATION, CL 3 2010 251,534 $1.39 to $1.08 $321,296 1.01% 0.55% to 1.45% 2.44% to 1.52% 2009 275,349 $1.36 to $1.07 $345,899 3.12% 0.55% to 1.45% 4.95% to 4.01% 2008 306,948 $1.30 to $1.02 $371,939 0.13% 0.55% to 1.45% (3.17%) to (4.04%) 2007 272,626 $1.34 to $1.07 $346,116 4.18% 0.55% to 1.45% 4.74% to 3.80% 2006 270,831 $1.28 to $1.03 $331,991 3.80% 0.55% to 1.45% 3.27% to 2.92%(6) --------------------------------------------------------------------------------------------------------------- RVS VP STRATEGIC INC, CL 2 2010 1,290 $1.04 to $1.04 $1,344 -- 0.85% to 1.80% 4.24%(13) to 3.79%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP LG CAP GRO, CL 2 2010 260 $1.21 to $1.20 $314 -- 0.85% to 1.80% 20.93%(13) to 20.41%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP LG CAP GRO, CL 3 2010 218,835 $0.66 to $0.98 $150,066 -- 0.55% to 1.45% 16.52% to 15.47% 2009 263,512 $0.57 to $0.85 $155,168 -- 0.55% to 1.45% 36.24% to 35.02% 2008 326,510 $0.42 to $0.63 $141,102 0.30% 0.55% to 1.45% (44.65%) to (45.15%) 2007 516,489 $0.75 to $1.15 $404,027 1.01% 0.55% to 1.45% 2.50% to 1.58% 2006 590,278 $0.73 to $1.13 $449,154 0.93% 0.55% to 1.45% 10.47% to 13.46%(6) ---------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 275
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- COL VP SELECT LG CAP VAL, CL 2 2010 157 $1.20 to $1.20 $189 -- 0.85% to 1.80% 20.38%(13) to 19.87%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP SELECT LG CAP VAL, CL 3 2010 21,862 $1.21 to $1.00 $25,347 -- 0.55% to 1.45% 19.86% to 18.78% 2009 13,447 $1.01 to $0.84 $13,058 -- 0.55% to 1.45% 25.43% to 24.31% 2008 11,454 $0.81 to $0.68 $8,932 0.08% 0.55% to 1.45% (39.79%) to (40.33%) 2007 15,712 $1.34 to $1.14 $20,661 1.37% 0.55% to 1.45% (1.01%) to (1.90%) 2006 15,289 $1.35 to $1.16 $24,456 1.26% 0.55% to 1.45% 18.41% to 15.50%(6) --------------------------------------------------------------------------------------------------------------- COL VP SELECT SM CAP VAL, CL 2 2010 121 $1.27 to $1.27 $155 -- 0.85% to 1.80% 27.43%(13) to 26.89%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP SELECT SM CAP VAL, CL 3 2010 39,284 $1.82 to $1.08 $66,465 -- 0.55% to 1.45% 26.10% to 24.97% 2009 43,222 $1.44 to $0.86 $59,043 -- 0.55% to 1.45% 39.05% to 37.81% 2008 51,553 $1.04 to $0.63 $51,441 -- 0.55% to 1.45% (38.93%) to (39.48%) 2007 74,285 $1.70 to $1.03 $122,452 0.16% 0.55% to 1.45% (4.71%) to (5.57%) 2006 97,486 $1.79 to $1.09 $170,404 0.04% 0.55% to 1.45% 11.08% to 8.04%(6) --------------------------------------------------------------------------------------------------------------- COL VP EMER MKTS OPP, CL 2 2010 1,639 $1.22 to $1.21 $1,995 0.49% 0.85% to 1.80% 21.89%(13) to 21.37%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP EMER MKTS OPP, CL 3 2010 179,452 $2.75 to $1.69 $422,000 1.50% 0.55% to 1.45% 19.10% to 18.03% 2009 361,472 $2.31 to $1.43 $657,161 0.37% 0.55% to 1.45% 73.13% to 71.58% 2008 506,028 $1.33 to $0.83 $518,628 0.68% 0.55% to 1.45% (53.96%) to (54.37%) 2007 289,591 $2.90 to $1.82 $695,489 0.59% 0.55% to 1.45% 37.35% to 36.11% 2006 191,857 $2.11 to $1.34 $379,204 0.35% 0.55% to 1.45% 33.17% to 33.82%(6) --------------------------------------------------------------------------------------------------------------- COL VP INTL OPP, CL 2 2010 408 $1.19 to $1.19 $487 0.11% 0.85% to 1.80% 19.43%(13) to 18.92%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- COL VP INTL OPP, CL 3 2010 124,228 $1.09 to $1.08 $149,105 1.44% 0.55% to 1.45% 13.27% to 12.25% 2009 153,423 $0.96 to $0.96 $163,378 1.56% 0.55% to 1.45% 26.84% to 25.70% 2008 184,146 $0.76 to $0.77 $156,585 2.35% 0.55% to 1.45% (40.76%) to (41.29%) 2007 255,424 $1.28 to $1.30 $370,715 0.99% 0.55% to 1.45% 12.06% to 11.05% 2006 314,505 $1.14 to $1.17 $419,625 1.93% 0.55% to 1.45% 23.49% to 16.79%(6) --------------------------------------------------------------------------------------------------------------- VP AGGR, CL 2 2010 186,004 $1.12 to $1.16 $208,702 -- 0.55% to 1.80% 13.63%(12) to 16.17%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------
276 RIVERSOURCE VARIABLE ACCOUNT 10
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- VP AGGR, CL 4 2010 1,623,318 $1.12 to $1.12 $1,821,118 -- 0.55% to 1.45% 13.63%(12) to 12.96%(12) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP AB INTL VAL, CL 2 2010 426 $1.18 to $1.18 $503 2.09% 0.85% to 1.80% 18.02%(13) to 17.51%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP AC DIV BOND, CL 2 2010 749 $1.00 to $1.00 $752 -- 0.85% to 1.80% 0.29%(13) to (0.14%)(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP AC GRO, CL 2 2010 150 $1.21 to $1.21 $181 -- 0.85% to 1.80% 21.02%(13) to 20.50%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP COL WANGER INTL EQ, CL 2 2010 1,007 $1.21 to $1.20 $1,218 0.46% 0.85% to 1.80% 20.96%(13) to 20.45%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP COL WANGER US EQ, CL 2 2010 534 $1.29 to $1.29 $689 -- 0.85% to 1.80% 29.16%(13) to 28.60%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP CONSERV, CL 2 2010 176,204 $1.05 to $1.05 $184,094 -- 0.55% to 1.80% 5.56%(12) to 4.56%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP CONSERV, CL 4 2010 1,349,528 $1.05 to $1.04 $1,409,946 -- 0.55% to 1.45% 5.56%(12) to 4.94%(12) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP DAVIS NY VENTURE, CL 2 2010 387 $1.16 to $1.16 $451 -- 0.85% to 1.80% 16.40%(13) to 15.90%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 277
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- VP DAVIS NY VENTURE, CL 3 2010 63,234 $1.00 to $0.98 $62,574 -- 0.55% to 1.45% 10.91% to 9.92% 2009 1,684,963 $0.90 to $0.89 $1,518,919 -- 0.55% to 1.45% 30.61% to 29.44% 2008 917,373 $0.69 to $0.69 $634,861 0.03% 0.55% to 1.45% (38.92%) to (39.47%) 2007 533,475 $1.13 to $1.14 $606,201 1.01% 0.55% to 1.45% 3.27% to 2.34% 2006 338,654 $1.09 to $1.11 $371,272 0.98% 0.55% to 1.45% 8.85%(5) to 10.70%(6) --------------------------------------------------------------------------------------------------------------- VP EV FLOATING RATE INC, CL 2 2010 1,565 $1.05 to $1.04 $1,646 -- 0.85% to 1.80% 4.62%(13) to 4.17%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP GS MID CAP VAL, CL 2 2010 409 $1.23 to $1.23 $504 -- 0.85% to 1.80% 23.09% (13) to 22.56%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP GS MID CAP VAL, CL 3 2010 10,676 $1.42 to $1.16 $14,315 -- 0.55% to 1.45% 21.20% to 20.11% 2009 11,506 $1.17 to $0.97 $12,879 -- 0.55% to 1.45% 35.88% to 34.66% 2008 13,413 $0.86 to $0.72 $11,161 -- 0.55% to 1.45% (37.03%) to (37.60%) 2007 18,855 $1.37 to $1.15 $25,327 1.03% 0.55% to 1.45% 5.45% to 4.50% 2006 18,510 $1.30 to $1.10 $27,617 2.14% 0.55% to 1.45% 15.18% to 9.42%(6) --------------------------------------------------------------------------------------------------------------- VP INVESCO INTL GRO, CL 2 2010 350 $1.16 to $1.16 $407 0.64% 0.85% to 1.80% 16.27%(13) to 15.78%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP JPM CORE BOND, CL 2 2010 1,132 $1.01 to $1.00 $1,138 -- 0.85% to 1.80% 0.59%(13) to 0.16%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP JENNISON MID CAP GRO, CL 2 2010 270 $1.19 to $1.19 $322 -- 0.85% to 1.80% 19.06%(13) to 18.55%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP MARSICO GRO, CL 2 2010 208 $1.24 to $1.23 $257 -- 0.85% to 1.80% 23.91%(13) to 23.38%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP MFS VAL, CL 2 2010 254 $1.16 to $1.15 $294 -- 0.85% to 1.80% 15.65% (13) to 15.15%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------
278 RIVERSOURCE VARIABLE ACCOUNT 10
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- VP MOD, CL 2 2010 1,584,363 $1.10 to $1.10 $1,732,993 -- 0.55% to 1.80% 9.82%(12) to 10.43%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP MOD, CL 4 10,566,9- 2010 49 $1.10 to $1.09 $11,557,839 -- 0.55% to 1.45% 9.82%(12) to 9.17%(12) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP MOD AGGR, CL 2 2010 891,747 $1.11 to $1.13 $991,528 -- 0.55% to 1.80% 11.61%(12) to 13.26%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP MOD AGGR, CL 4 2010 6,431,039 $1.12 to $1.11 $7,156,739 -- 0.55% to 1.45% 11.71%(12) to 11.05%(12) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP MOD CONSERV, CL 2 2010 486,156 $1.07 to $1.07 $520,096 -- 0.55% to 1.80% 7.42%(12) to 7.37%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP MOD CONSERV, CL 4 2010 3,111,865 $1.07 to $1.07 $3,332,020 -- 0.55% to 1.45% 7.52%(12) to 6.89%(12) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP MS GLOBAL REAL EST, CL 2 2010 702 $1.20 to $1.19 $840 -- 0.85% to 1.80% 19.64%(13) to 19.13%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP NFJ DIVD VAL, CL 2 2010 143 $1.17 to $1.17 $168 -- 0.85% to 1.80% 17.49%(13) to 16.99%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP NUVEEN WINSLOW LG CAP GRO, CL 2 2010 28 $1.23 to $1.23 $34 -- 0.85% to 1.80% 23.31%(13) to 22.78%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- ---------------------------------------------------------------------------------------------------------------
RIVERSOURCE VARIABLE ACCOUNT 10 279
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- VP PTNRS SM CAP GRO, CL 2 2010 93 $1.29 to $1.29 $120 -- 0.85% to 1.80% 29.05%(13) to 28.50%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP PTNRS SM CAP VAL, CL 2 2010 368 $1.23 to $1.23 $453 -- 0.85% to 1.80% 23.21%(13) to 22.68%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP PTNRS SM CAP VAL, CL 3 2010 106,425 $2.08 to $1.17 $197,266 -- 0.55% to 1.45% 23.75% to 22.64% 2009 942,973 $1.68 to $0.95 $1,090,106 -- 0.55% to 1.45% 35.80% to 34.59% 2008 856,114 $1.24 to $0.71 $751,584 0.10% 0.55% to 1.45% (31.95%) to (32.56%) 2007 617,370 $1.82 to $1.05 $846,375 0.89% 0.55% to 1.45% (5.42%) to (6.27%) 2006 271,781 $1.92 to $1.12 $480,085 0.41% 0.55% to 1.45% 19.59% to 10.88%(6) --------------------------------------------------------------------------------------------------------------- VP PIMCO MORTGAGE BACKED SEC, CL 2 2010 446 $1.00 to $1.00 $447 -- 0.85% to 1.80% 0.20%(13) to (0.23%)(13) 2009 -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP PYRAMIS INTL EQ, CL 2 2010 66 $1.17 to $1.17 $78 1.90% 0.85% to 1.80% 17.10%(13) to 16.60%(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- VP WF SHORT DURATION GOVT, CL 2 2010 401 $1.00 to $1.00 $402 -- 0.85% to 1.80% 0.41%(13) to (0.02%)(13) 2009 -- -- -- -- -- -- -- -- -- 2008 -- -- -- -- -- -- -- -- -- 2007 -- -- -- -- -- -- -- -- -- 2006 -- -- -- -- -- -- -- -- -- --------------------------------------------------------------------------------------------------------------- THIRD AVE VAL 2010 18,735 $2.93 to $2.80 $53,358 3.79% 0.55% to 0.95% 13.44% to 12.99% 2009 24,897 $2.58 to $2.48 $62,620 -- 0.55% to 0.95% 44.55% to 43.98% 2008 31,931 $1.79 to $1.72 $55,710 0.79% 0.55% to 0.95% (43.97%) to (44.19%) 2007 47,482 $3.19 to $3.08 $148,093 2.12% 0.55% to 0.95% (5.33%) to (5.71%) 2006 57,365 $3.37 to $3.27 $189,566 1.29% 0.55% to 0.95% 15.15% to 14.69% --------------------------------------------------------------------------------------------------------------- WANGER INTL 2010 199,414 $2.67 to $1.38 $458,489 1.70% 0.55% to 1.45% 24.23% to 23.12% 2009 578,944 $2.15 to $1.12 $893,102 3.70% 0.55% to 1.45% 48.96% to 47.63% 2008 486,121 $1.44 to $0.76 $546,084 0.96% 0.55% to 1.45% (45.90%) to (46.39%) 2007 416,770 $2.67 to $1.42 $970,137 0.84% 0.55% to 1.45% 15.67% to 14.63% 2006 392,888 $2.31 to $1.24 $857,316 0.51% 0.55% to 1.45% 36.41% to 22.89%(6) --------------------------------------------------------------------------------------------------------------- WANGER USA 2010 240,629 $2.09 to $1.13 $441,908 -- 0.55% to 1.45% 22.68% to 21.58% 2009 573,990 $1.71 to $0.93 $745,596 -- 0.55% to 1.45% 41.45% to 40.18% 2008 572,582 $1.21 to $0.67 $550,276 -- 0.55% to 1.45% (40.02%) to (40.56%) 2007 565,037 $2.01 to $1.12 $973,831 -- 0.55% to 1.45% 4.81% to 3.86% 2006 489,659 $1.92 to $1.08 $890,484 0.23% 0.55% to 1.45% 7.28% to 7.16%(6) ---------------------------------------------------------------------------------------------------------------
280 RIVERSOURCE VARIABLE ACCOUNT 10
FOR THE YEAR ENDED DEC. 31 AT DEC. 31 ---------------------------------------------------------- ---------------------------------------------- EXPENSE RATIO UNITS ACCUMULATION UNIT VALUE NET ASSETS INVESTMENT LOWEST TO TOTAL RETURN (000S) LOWEST TO HIGHEST (000S) INCOME RATIO(1) HIGHEST(2) LOWEST TO HIGHEST(3) --------------------------------------------------------------------------------------------------------- WF ADV VT CORE EQ, CL 2 2010 34,483 $1.26 to $1.22 $42,756 0.45% 0.55% to 1.80% 15.54% to 21.78%(13) 2009 34,062 $1.09 to $1.05 $36,686 1.18% 0.55% to 1.45% 35.00% to 33.79% 2008 26,241 $0.81 to $0.79 $21,028 1.24% 0.55% to 1.45% (33.37%) to (33.97%) 2007 27,463 $1.22 to $1.19 $33,191 0.87% 0.55% to 1.45% 7.42% to 6.45% 2006 28,846 $1.13 to $1.12 $32,620 0.98% 0.55% to 1.45% 11.78% to 11.31%(6) --------------------------------------------------------------------------------------------------------------- WF ADV VT INDEX ASSET ALLOC, CL 2 2010 29,127 $1.26 to $1.26 $36,093 1.75% 0.55% to 1.20% 12.67% to 11.94% 2009 37,522 $1.12 to $1.12 $41,324 2.02% 0.55% to 1.20% 14.82% to 14.08% 2008 49,869 $0.98 to $0.98 $47,943 2.38% 0.55% to 1.20% (29.50%) to (29.96%) 2007 72,214 $1.38 to $1.40 $98,669 2.24% 0.55% to 1.20% 7.00% to 6.31% 2006 76,000 $1.29 to $1.32 $97,390 2.31% 0.55% to 1.20% 11.53% to 10.81% --------------------------------------------------------------------------------------------------------------- WF ADV VT INTL EQ, CL 2 2010 57,745 $1.43 to $1.00 $74,526 1.67% 0.55% to 1.45% 15.86% to 14.83% 2009 775,672 $1.23 to $0.87 $752,302 0.46% 0.55% to 1.45% 14.84% to 13.81% 2008 36,966 $1.07 to $0.76 $36,330 -- 0.55% to 1.45% (41.92%) to (42.44%) 2007 46,006 $1.84 to $1.32 $79,458 2.23% 0.55% to 1.45% 14.09% to 13.07% 2006 45,619 $1.62 to $1.17 $71,677 3.71% 0.55% to 1.45% 22.21% to 16.75%(6) --------------------------------------------------------------------------------------------------------------- WF ADV VT OPP, CL 2 2010 34,393 $1.57 to $1.23 $51,585 0.76% 0.55% to 1.80% 23.08% to 22.05%(13) 2009 38,816 $1.28 to $1.00 $47,589 -- 0.55% to 1.45% 46.93% to 45.61% 2008 45,514 $0.87 to $0.69 $38,279 1.90% 0.55% to 1.45% (40.43%) to (40.96%) 2007 60,060 $1.46 to $1.17 $85,505 0.59% 0.55% to 1.45% 6.05% to 5.09% 2006 68,746 $1.38 to $1.11 $93,493 -- 0.55% to 1.45% 11.61% to 10.85%(6) --------------------------------------------------------------------------------------------------------------- WF ADV VT SM CAP GRO, CL 2 2010 68,151 $1.51 to $1.27 $100,081 -- 0.55% to 1.80% 26.08% to 26.74%(13) 2009 72,341 $1.20 to $1.11 $84,640 -- 0.55% to 1.45% 51.81% to 50.45% 2008 65,403 $0.79 to $0.74 $50,668 -- 0.55% to 1.45% (41.74%) to (42.27%) 2007 75,619 $1.35 to $1.28 $100,984 -- 0.55% to 1.45% 13.18% to 12.16% 2006 50,566 $1.20 to $1.14 $60,201 -- 0.55% to 1.45% 22.08% to 12.91%(6) ---------------------------------------------------------------------------------------------------------------
(1) These amounts represent the dividends, excluding distributions of capital gains, received by the division from the underlying fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude variable account expenses that result in direct reductions in the unit values. The recognition of investment income by the division is affected by the timing of the declaration of dividends by the underlying fund in which the division invests. These ratios are annualized for periods less than one year. (2) These ratios represent the annualized contract expenses of the separate account, consisting primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying fund are excluded. (3) These amounts represent the total return for the periods indicated, including changes in the value of the underlying fund, and reflect deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for the period indicated or from the effective date through the end of the reporting period. Although the total return is presented as a range of minimum to maximum values, based on the subaccounts representing the minimum and maximum expense ratio amounts, some individual subaccount total returns are not within the ranges presented due to the introduction of new subaccounts during the year and other market factors. (4) New subaccount operations commenced on April 28, 2006. (5) New subaccount operations commenced on May 1, 2006. (6) New subaccount operations commenced on June 26, 2006. (7) New subaccount operations commenced on Sept. 15, 2006. (8) New subaccount operations commenced on April 27, 2007. (9) New subaccount operations commenced on May 1, 2007. (10) New subaccount operations commenced on May 1, 2008. (11) New subaccount operations commenced on Oct. 2, 2009. (12) New subaccount operations commenced on May 7, 2010. (13) New subaccount operations commenced on July 19, 2010. (14) New subaccount operations commenced on Sept. 24, 2010. RIVERSOURCE VARIABLE ACCOUNT 10 281 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM THE BOARD OF DIRECTORS RIVERSOURCE LIFE INSURANCE COMPANY We have audited the accompanying consolidated balance sheets of RiverSource Life Insurance Company, (a wholly owned subsidiary of Ameriprise Financial, Inc.) (the Company) as of December 31, 2010 and 2009, and the related consolidated statements of income, shareholder's equity, and cash flows for each of the three years in the period ended December 31, 2010. These financial statements are the responsibility of RiverSource Life Insurance Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Company's internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of RiverSource Life Insurance Company at December 31, 2010 and 2009, and the consolidated results of its operations and its cash flows for each of the three years in the period ended December 31, 2010, in conformity with U.S. generally accepted accounting principles. As discussed in Note 3 to the consolidated financial statements, in 2009 the Company adopted new accounting guidance related to the recognition and presentation of other-than-temporary impairments, and in 2008 the Company adopted new accounting guidance related to the measurement of fair value. /s/ Ernst & Young LLP Minneapolis, Minnesota February 23, 2011 F-1 RiverSource Life Insurance Company -------------------------------------------------------------------------------- CONSOLIDATED BALANCE SHEETS (IN MILLIONS, EXCEPT SHARE AMOUNTS)
DECEMBER 31, 2010 2009 ASSETS Investments: Available-for-Sale: Fixed maturities, at fair value (amortized cost: 2010, $24,818; 2009, $25,142) $ 26,442 $25,999 Common and preferred stocks, at fair value (cost: 2010, $1; 2009, $30) 2 23 Commercial mortgage loans, at cost (less allowance for loan losses: 2010, $36; 2009, $30) 2,470 2,532 Policy loans 729 715 Trading securities and other investments 496 310 ------------------------------------------------------------------------------------------------- Total investments 30,139 29,579 Cash and cash equivalents 76 811 Restricted cash 66 184 Reinsurance recoverables 1,829 1,688 Deferred income taxes, net -- 63 Other receivables 166 332 Accrued investment income 309 303 Deferred acquisition costs 4,578 4,285 Deferred sales inducement costs 545 524 Other assets 1,123 936 Separate account assets 63,795 54,267 ------------------------------------------------------------------------------------------------- Total assets $102,626 $92,972 ================================================================================================= LIABILITIES AND SHAREHOLDER'S EQUITY Liabilities: Future policy benefits $ 29,680 $30,383 Policy claims and other policyholders' funds 134 123 Deferred income taxes, net 514 -- Borrowings under repurchase agreements 397 -- Line of credit with Ameriprise Financial, Inc. 3 300 Other liabilities 1,555 1,955 Separate account liabilities 63,795 54,267 ------------------------------------------------------------------------------------------------- Total liabilities 96,078 87,028 ------------------------------------------------------------------------------------------------- Shareholder's equity: Common stock, $30 par value; 100,000 shares authorized, issued and outstanding 3 3 Additional paid-in capital 2,460 2,445 Retained earnings 3,410 3,114 Accumulated other comprehensive income, net of tax 675 382 ------------------------------------------------------------------------------------------------- Total shareholder's equity 6,548 5,944 ------------------------------------------------------------------------------------------------- Total liabilities and shareholder's equity $102,626 $92,972 =================================================================================================
See Notes to Consolidated Financial Statements. F-2 RiverSource Life Insurance Company -------------------------------------------------------------------------------- CONSOLIDATED STATEMENTS OF INCOME (IN MILLIONS)
YEARS ENDED DECEMBER 31, 2010 2009 2008 REVENUES Premiums $ 489 $ 450 $ 438 Net investment income 1,629 1,526 1,252 Policy and contract charges 1,389 1,156 1,352 Other revenues 272 233 255 Net realized investment gains (losses) 16 59 (442) ------------------------------------------------------------------------------------------------------- Total revenues 3,795 3,424 2,855 ------------------------------------------------------------------------------------------------------- BENEFITS AND EXPENSES Benefits, claims, losses and settlement expenses 1,203 841 673 Interest credited to fixed accounts 909 903 790 Amortization of deferred acquisition costs 53 145 861 Other insurance and operating expenses 582 550 649 ------------------------------------------------------------------------------------------------------- Total benefits and expenses 2,747 2,439 2,973 ------------------------------------------------------------------------------------------------------- Pretax income (loss) 1,048 985 (118) Income tax provision (benefit) 252 245 (189) ------------------------------------------------------------------------------------------------------- Net income $ 796 $ 740 $ 71 ======================================================================================================= Supplemental Disclosures: Net realized investment gains: Net realized investment gains before impairment losses on securities $ 44 $ 121 ------------------------------------------------------------------------------------------------------- Total other-than-temporary impairment losses on securities (22) (53) Portion of loss recognized in other comprehensive income (6) (9) ------------------------------------------------------------------------------------------------------- Net impairment losses recognized in net realized investment gains (28) (62) ------------------------------------------------------------------------------------------------------- Net realized investment gains $ 16 $ 59 =======================================================================================================
See Notes to Consolidated Financial Statements. F-3 RiverSource Life Insurance Company -------------------------------------------------------------------------------- CONSOLIDATED STATEMENTS OF CASH FLOWS (IN MILLIONS)
YEARS ENDED DECEMBER 31, 2010 2009 2008 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 796 $ 740 $ 71 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Capitalization of deferred acquisition and sales inducement costs (494) (640) (674) Amortization of deferred acquisition and sales inducement costs 50 155 982 Depreciation, amortization and accretion, net (79) (68) 61 Deferred income tax expense (benefit) 416 (81) (234) Contractholder and policyholder charges, non-cash (259) (259) (248) Net realized investment gains (46) (135) (7) Other-than-temporary impairments and provision for loan losses recognized in net realized investment (gains) losses 29 76 449 Change in operating assets and liabilities: Trading securities and equity method investments, net 29 136 (110) Future policy benefits for traditional life, disability income and long term care insurance 302 282 308 Policy claims and other policyholders' funds 11 (49) 81 Reinsurance recoverables (141) (96) (302) Other receivables (53) (5) 20 Accrued investment income (6) (64) 14 Derivatives collateral, net 55 (1,928) 1,591 Other assets and liabilities, net 439 684 41 ------------------------------------------------------------------------------------------------------- Net cash provided by (used in) operating activities 1,049 (1,252) 2,043 ------------------------------------------------------------------------------------------------------- CASH FLOWS FROM INVESTING ACTIVITIES Available-for-Sale securities: Proceeds from sales 1,268 5,215 246 Maturities, sinking fund payments and calls 3,719 3,486 2,510 Purchases (4,970) (13,696) (1,684) Proceeds from sales and maturities of commercial mortgage loans 207 279 263 Funding of commercial mortgage loans (154) (104) (110) Proceeds from sales of other investments 95 43 19 Purchase of other investments (256) (11) (140) Purchase of land, buildings, equipment and software (15) (14) (18) Change in policy loans, net (14) 7 (25) ------------------------------------------------------------------------------------------------------- Net cash (used in) provided by investing activities (120) (4,795) 1,061 ------------------------------------------------------------------------------------------------------- CASH FLOWS FROM FINANCING ACTIVITIES Policyholder and contractholder account values: Considerations received 1,593 4,863 2,913 Net transfers (to) from separate accounts (1,337) 195 91 Surrenders and other benefits (1,338) (1,923) (2,931) Change in borrowings under repurchase agreements, net 397 -- -- Proceeds from line of credit with Ameriprise Financial, Inc. 13 500 -- Payments on line of credit with Ameriprise Financial, Inc. (310) -- -- Deferred premium options, net (182) (82) (77) Tax adjustment on share-based incentive compensation plan -- (2) 2 Cash dividend to Ameriprise Financial, Inc. (500) -- (775) ------------------------------------------------------------------------------------------------------- Net cash (used in) provided by financing activities (1,664) 3,551 (777) ------------------------------------------------------------------------------------------------------- Net (decrease) increase in cash and cash equivalents (735) (2,496) 2,327 Cash and cash equivalents at beginning of period 811 3,307 980 ------------------------------------------------------------------------------------------------------- Cash and cash equivalents at end of period $ 76 $ 811 $ 3,307 ======================================================================================================= Supplemental Disclosures: Income taxes paid, net $ 112 $ 72 $ 168 Interest paid on borrowings 3 1 -- Non-cash transactions: Capital contributions from Ameriprise Financial, Inc. $ 14 $ 331 $ 322
See Notes to Consolidated Financial Statements. F-4 RiverSource Life Insurance Company -------------------------------------------------------------------------------- CONSOLIDATED STATEMENTS OF SHAREHOLDER'S EQUITY THREE YEARS ENDED DECEMBER 31, 2010 (IN MILLIONS)
ACCUMULATED ADDITIONAL OTHER COMMON PAID-IN RETAINED COMPREHENSIVE SHARES CAPITAL EARNINGS INCOME (LOSS) TOTAL ------------------------------------------------------------------------------------------------------------------- BALANCES AT JANUARY 1, 2008 $ 3 $2,031 $3,188 $ (156) $5,066 Change in accounting principles, net of tax -- -- (30) -- (30) Comprehensive loss: Net income -- -- 71 -- 71 Other comprehensive income (loss), net of tax: Change in net unrealized securities losses -- -- -- (562) (562) Change in net unrealized derivatives losses -- -- -- 2 2 ------------ Total comprehensive loss (489) Tax adjustment on share-based incentive compensation plan -- 2 -- -- 2 Cash dividends to Ameriprise Financial, Inc. -- -- (775) -- (775) Non-cash capital contribution from Ameriprise Financial, Inc. -- 83 -- -- 83 Non-cash dividend to Ameriprise Financial, Inc. -- -- (118) -- (118) ------------------------------------------------------------------------------------------------------------------- BALANCES AT DECEMBER 31, 2008 $ 3 2,116 2,336 (716) 3,739 Change in accounting principles, net of tax -- -- 38 (38) -- Comprehensive income: Net income -- -- 740 -- 740 Other comprehensive income, net of tax: Change in net unrealized securities losses -- -- -- 1,109 1,109 Change in noncredit related impairments on securities and net unrealized securities losses on previously impaired securities -- -- -- 23 23 Change in net unrealized derivatives losses -- -- -- 4 4 ------------ Total comprehensive income 1,876 Tax adjustment on share-based incentive compensation plan -- (2) -- -- (2) Non-cash capital contribution from Ameriprise Financial, Inc. -- 331 -- -- 331 ------------------------------------------------------------------------------------------------------------------- BALANCES AT DECEMBER 31, 2009 $ 3 $2,445 $3,114 $ 382 $5,944 Comprehensive income: Net income -- -- 796 -- 796 Other comprehensive income, net of tax: Change in net unrealized securities gains -- -- -- 285 285 Change in noncredit related impairments on securities and net unrealized securities losses on previously impaired securities -- -- -- 4 4 Change in net unrealized derivatives losses -- -- -- 4 4 ------------ Total comprehensive income 1,089 Tax adjustment on share-based incentive compensation plan -- 1 -- -- 1 Cash dividends to Ameriprise Financial, Inc. -- -- (500) (500) Non-cash capital contribution from Ameriprise Financial, Inc. -- 14 -- -- 14 ------------------------------------------------------------------------------------------------------------------- BALANCES AT DECEMBER 31, 2010 $ 3 $2,460 $3,410 $ 675 $6,548 ===================================================================================================================
See Notes to Consolidated Financial Statements. F-5 RiverSource Life Insurance Company -------------------------------------------------------------------------------- NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1. NATURE OF BUSINESS AND BASIS OF PRESENTATION RiverSource Life Insurance Company is a stock life insurance company with one wholly owned stock life insurance company subsidiary, RiverSource Life Insurance Co. of New York ("RiverSource Life of NY"). RiverSource Life Insurance Company is a wholly owned subsidiary of Ameriprise Financial, Inc. ("Ameriprise Financial"). - RiverSource Life Insurance Company is domiciled in Minnesota and holds Certificates of Authority in American Samoa, the District of Columbia and all states except New York. RiverSource Life Insurance Company issues insurance and annuity products. - RiverSource Life of NY is domiciled and holds a Certificate of Authority in New York. Effective in March and September 2010, RiverSource Life of NY withdrew its Certificates of Authority from North Dakota and Delaware, respectively, as it does not conduct business in these states. RiverSource Life of NY issues insurance and annuity products. RiverSource Life Insurance Company also wholly owns RiverSource Tax Advantaged Investments, Inc. ("RTA"). RTA is a stock company domiciled in Delaware and is a limited partner in affordable housing partnership investments. The accompanying Consolidated Financial Statements include the accounts of RiverSource Life Insurance Company and companies in which it directly or indirectly has a controlling financial interest (collectively, the "Company"). All material intercompany transactions and balances have been eliminated in consolidation. In the third quarter of 2010, the Company made adjustments for revisions to the valuations of reserves, deferred acquisition costs ("DAC") and deferred sales inducement costs ("DSIC") related to insurance and living benefit guarantees which resulted in a $32 million pretax charge ($21 million after-tax). In the second quarter of 2010, the Company made an adjustment for revisions to certain calculations in its valuation of DAC and DSIC which resulted in a $33 million pretax benefit ($21 million after-tax). The accompanying Consolidated Financial Statements are prepared in accordance with U.S. generally accepted accounting principles ("GAAP") which vary in certain respects from reporting practices prescribed or permitted by state insurance regulatory authorities as described in Note 15. Certain reclassifications of prior period amounts have been made to conform to the current presentation. The Company's principal products are variable deferred annuities and variable universal life insurance which are issued primarily to individuals. It also offers fixed annuities where assets accumulate until the contract is surrendered, the contractholder (or in some contracts, the annuitant) dies, or the contractholder or annuitant begins receiving benefits under an annuity payout option. It also offers immediate annuities in which payments begin within one year of issue and continue for life or for a fixed period of time. The Company's fixed deferred annuities guarantee a relatively low annual interest rate during the accumulation period (the time before annuity payments begin). However, the Company has the option of paying a higher rate set at its discretion. In addition, persons owning an equity indexed annuity ("EIA") may have their interest calculated based on an increase in a broad-based stock market index. The Company issues both variable and fixed universal life insurance, traditional life insurance and disability income ("DI") insurance. Universal life insurance is a form of permanent life insurance characterized by flexible premiums, flexible death benefit amounts and unbundled pricing factors (i.e., mortality, interest and expenses). Traditional life insurance refers to whole and term life insurance policies that pay a specified sum to a beneficiary upon death of the insured for a fixed premium. Variable universal life insurance combines the premium and death benefit flexibility of universal life with underlying fund investment flexibility and the risks associated therewith. Waiver of premium and accidental death benefit riders are generally available with these life insurance products. The Company issues only non-participating life insurance policies which do not pay dividends to policyholders from realized policy margins. Under the Company's variable life insurance and variable annuity products described above, the purchaser may choose a fixed account option that is part of the Company's "general account", as well as investment options from a variety of portfolios that include common stocks, bonds, managed assets and/or short-term securities. The Company evaluated events or transactions that may have occurred after the balance sheet date for potential recognition or disclosure through the date the financial statements were issued. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES PRINCIPLES OF CONSOLIDATION The Company consolidates entities in which it holds a greater than 50% voting interest, or when certain conditions are met for variable interest entities ("VIEs") and limited partnerships. Entities in which the Company exercises significant influence or holds a greater than 20% but less than 50% voting interest are accounted for under the equity method. All other investments F-6 RiverSource Life Insurance Company -------------------------------------------------------------------------------- that are not reported at fair value as trading or Available-for-Sale securities are accounted for under the cost method where the Company owns less than a 20% voting interest and does not exercise significant influence. A VIE is an entity that either has equity investors that lack certain essential characteristics of a controlling financial interest (including substantive voting rights, the obligation to absorb the entity's losses, or the rights to receive the entity's returns) or has equity investors that do not provide sufficient financial resources for the entity to support its activities. A VIE is required to be assessed for consolidation under two models: - If the VIE is a money market fund or is an investment company, or has the financial characteristics of an investment company, and the following is true: (i) the entity does not have an explicit or implicit obligation to fund the investment company's losses; and (ii) the investment company is not a securitization entity, asset backed financing entity, or an entity formally considered a qualifying special purpose entity, then, the VIE will be consolidated by the entity that determines it stands to absorb a majority of the VIE's expected losses or to receive a majority of the VIE's expected residual returns. Examples of entities that are likely to be assessed for consolidation under this framework include hedge funds, property funds, private equity funds and venture capital funds. - If the VIE does not meet the criteria above, the VIE will be consolidated by the entity that determines it has both: (i) the power to direct the activities of a VIE that most significantly impact the VIE's economic performance; and (ii) the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. When determining whether the Company stands to absorb the majority of a VIE's expected losses or receive a majority of a VIE's expected returns, it analyzes the design of the VIE to identify the variable interests it holds. Then the Company quantitatively determines whether its variable interests will absorb a majority of the VIE's variability. If the Company determines it has control over the activities that most significantly impact the economic performance of the VIE and it will absorb a majority of the VIE's expected variability, the Company consolidates the VIE. The calculation of variability is based on an analysis of projected probability-weighted cash flows based on the design of the particular VIE. When determining whether the Company has the power and the obligation to absorb losses or rights to receive benefits from the VIE that could potentially be significant, the Company qualitatively determines if its variable interests meet these criteria. If the Company consolidates a VIE under either scenario, it is referred to as the VIE's primary beneficiary. AMOUNTS BASED ON ESTIMATES AND ASSUMPTIONS Accounting estimates are an integral part of the Consolidated Financial Statements. In part, they are based upon assumptions concerning future events. Among the more significant are those that relate to investment securities valuation and recognition of other-than-temporary impairments, DAC and the corresponding recognition of DAC amortization, derivative instruments and hedging activities, claims reserves and income taxes and the recognition of deferred tax assets and liabilities. These accounting estimates reflect the best judgment of management and actual results could differ. INVESTMENTS Available-for-Sale Securities Available-for-Sale securities are carried at fair value with unrealized gains (losses) recorded in accumulated other comprehensive income (loss), net of impacts to DAC, DSIC, certain benefit reserves and income taxes. Gains and losses are recognized in the Consolidated Statements of Income upon disposition of the securities. Effective January 1, 2009, the Company early adopted an accounting standard that significantly changed the Company's accounting policy regarding the timing and amount of other-than-temporary impairments for Available-for-Sale securities as follows. When the fair value of an investment is less than its amortized cost, the Company assesses whether or not: (i) it has the intent to sell the security (made a decision to sell) or (ii) it is more likely than not that the Company will be required to sell the security before its anticipated recovery. If either of these conditions is met, an other-than-temporary impairment is considered to have occurred and the Company must recognize an other-than-temporary impairment for the difference between the investment's amortized cost basis and its fair value through earnings. For securities that do not meet the above criteria, and the Company does not expect to recover a security's amortized cost basis, the security is also considered other-than-temporarily impaired. For these securities, the Company separates the total impairment into the credit loss component and the amount of the loss related to other factors. The amount of the total other-than-temporary impairments related to credit loss is recognized in earnings. The amount of the total other-than-temporary impairments related to other factors is recognized in other comprehensive income (loss), net of impacts to DAC, DSIC, certain benefit reserves and income taxes. For Available-for-Sale securities that have recognized an other-than-temporary impairment through earnings, if through F-7 RiverSource Life Insurance Company -------------------------------------------------------------------------------- subsequent evaluation there is a sustained increase in the cash flow expected, the difference between the amortized cost basis and the cash flows expected to be collected is accreted as interest income. Subsequent increases and decreases in the fair value of Available-for-Sale securities are included in other comprehensive income (loss). The Company's Consolidated Statements of Shareholder's Equity present all changes in other comprehensive income (loss) associated with Available-for-Sale debt securities that have been other-than- temporarily impaired on a separate line from fair value changes recorded in other comprehensive income (loss) from all other securities. The Company provides a supplemental disclosure on the face of its Consolidated Statements of Income that presents: (i) total other-than-temporary impairment losses recognized during the period and (ii) the portion of other-than-temporary impairment losses recognized in other comprehensive income (loss). The sum of these amounts represents the credit-related portion of other-than-temporary impairments that were recognized in earnings during the period. The portion of other-than-temporary losses recognized in other comprehensive income (loss) includes: (i) the portion of other-than-temporary impairment losses related to factors other than credit recognized during the period and (ii) reclassifications of other-than-temporary impairment losses previously determined to be related to factors other than credit that are determined to be credit-related in the current period. The amount presented on the Consolidated Statements of Income as the portion of other-than-temporary losses recognized in other comprehensive income (loss) excludes subsequent increases and decreases in the fair value of these securities. For all securities that are considered temporarily impaired, the Company does not intend to sell these securities (has not made a decision to sell) and it is not more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis. The Company believes that it will collect all principal and interest due on all investments that have amortized cost in excess of fair value that are considered only temporarily impaired. Factors the Company considers in determining whether declines in the fair value of fixed maturity securities are other-than-temporary include: (i) the extent to which the market value is below amortized cost; (ii) the duration of time in which there has been a significant decline in value; (iii) fundamental analysis of the liquidity, business prospects and overall financial condition of the issuer; and (iv) market events that could impact credit ratings, economic and business climate, litigation and government actions, and similar external business factors. In order to determine the amount of the credit loss component for corporate debt securities considered other-than-temporarily impaired, a best estimate of the present value of cash flows expected to be collected discounted at the security's effective interest rate is compared to the amortized cost basis of the security. The significant inputs to cash flow projections consider potential debt restructuring terms, projected cash flows available to pay creditors and the Company's position in the debtor's overall capital structure. For structured investments (e.g., residential mortgage backed securities, commercial mortgage backed securities, asset backed securities and other structured investments), the Company also considers factors such as overall deal structure and its position within the structure, quality of underlying collateral, delinquencies and defaults, loss severities, recoveries, prepayments and cumulative loss projections in assessing potential other-than-temporary impairments of these investments. Based upon these factors, securities that have indicators of potential other-than-temporary impairment are subject to detailed review by management. Securities for which declines are considered temporary continue to be carefully monitored by management. Trading Securities and Other Investments Trading securities and other investments include separate account and mutual fund seed money, equity method investments, trading bonds, interests in affordable housing partnerships and syndicated loans. Separate account and mutual fund seed money is carried at fair value with changes in value recognized within net investment income. Affordable housing partnerships are accounted for under the equity method. FINANCING RECEIVABLES Commercial Mortgage Loans and Syndicated Loans Commercial mortgage loans are reflected at amortized cost less the allowance for loan losses. Syndicated loans represent the Company's investment in below investment grade loan syndications. Syndicated loans are reflected in trading securities and other investments at amortized cost less the allowance for loan losses. Interest income is accrued on the unpaid principal balances of the loans as earned. Policy Loans Policy loans include life insurance policy and annuity loans and are reported at the unpaid principal balance, plus accrued interest. When originated, the loan balances do not exceed the cash surrender value of the underlying products. As there is minimal risk of loss related to policy loans, the Company does not record an allowance for loan losses for policy loans. F-8 RiverSource Life Insurance Company -------------------------------------------------------------------------------- Nonaccrual Loans Generally, loans are evaluated for or placed on nonaccrual status when either the collection of interest or principal has become 90 days past due or is otherwise considered doubtful of collection. When a loan is placed on nonaccrual status, unpaid accrued interest is reversed. Interest payments received on loans on nonaccrual status are generally applied to principal or in accordance with the loan agreement unless the remaining principal balance has been determined to be fully collectible. Commercial mortgage loans are evaluated for impairment when the loan is considered for nonaccrual status or foreclosure proceedings are initiated on the property. If it is determined that the fair value is less than the current loan balance, it is written down to fair value less selling costs. Foreclosed property is recorded as real estate owned in trading securities and other investments. Syndicated loans are charged off when management determines that the loans are uncollectible. Allowance for Loan Losses Management determines the adequacy of the allowance for loan losses by portfolio based on the overall loan portfolio composition, recent and historical loss experience, and other pertinent factors, including when applicable, internal risk ratings, loan-to-value ratios and occupancy rates, along with economic and market conditions. This evaluation is inherently subjective as it requires estimates, which may be susceptible to significant change. The Company determines the amount of the allowance required for certain sectors based on management's assessment of relative risk characteristics of the loan portfolio. The allowance is recorded for homogeneous loan categories on a pool basis, based on an analysis of product mix and risk characteristics of the portfolio, including geographic concentration, bankruptcy experiences, and historical losses, adjusted for current trends and market conditions. While the Company attributes portions of the allowance to specific loan pools as part of the allowance estimation process, the entire allowance is available to absorb losses inherent in the total loan portfolio. The allowance is increased through provisions charged to net realized investment gains (losses) and reduced/increased by net charge-offs/recoveries. Impaired Loans The Company considers a loan to be impaired when, based on current information and events, it is probable the Company will not be able to collect all amounts due (both interest and principal) according to the contractual terms of the loan agreement. Impaired loans also include loans that have been modified in troubled debt restructurings as a concession to borrowers experiencing financial difficulties. Management evaluates for impairment all restructured loans and loans with higher impairment risk factors. The impairment recognized is measured as the excess of the loan's recorded investment over: (i) the present value of its expected principal and interest payments discounted at the loan's effective interest rate, (ii) the fair value of collateral or (iii) the loan's observable market price. Restructured Loans A loan is classified as a restructured loan when the Company makes certain concessionary modifications to contractual terms. Loans restructured at an interest rate equal to or greater than interest rates for new loans with comparable risk at the time the contract is modified are excluded from restructured loans. When the interest rate, minimum payments, and/or due dates have been modified in an attempt to make the loan more affordable to the borrower, the modification is considered a troubled debt restructuring. Generally, performance prior to the restructuring or significant events that coincide with the restructuring are considered in assessing whether the borrower can meet the new terms which may result in the loan being returned to accrual status at the time of the restructure or after a performance period. If the borrower's ability to meet the revised payment schedule is not reasonably assured, the loan remains on nonaccrual status. There are no material commitments to lend additional funds to borrowers whose loans have been restructured. CASH AND CASH EQUIVALENTS Cash equivalents include highly liquid investments with original maturities of 90 days or less. RESTRICTED CASH Total restricted cash at December 31, 2010 and 2009 was $66 million and $184 million, respectively, consisting of cash that has been pledged to counterparties. REINSURANCE The Company cedes significant amounts of insurance risk to other insurers under reinsurance agreements. Reinsurance premiums paid and benefits received are accounted for consistently with the basis used in accounting for the policies from which risk is reinsured and consistently with the terms of the reinsurance contracts. Traditional life, long term care ("LTC") and DI reinsurance premiums, net of the change in any prepaid reinsurance asset, are reported as a reduction of premiums. Fixed and variable universal life reinsurance premiums are reported as a reduction of policy and contract charges. In addition, for fixed and variable universal life insurance policies, the net cost of reinsurance ceded, which represents the discounted F-9 RiverSource Life Insurance Company -------------------------------------------------------------------------------- amount of the expected cash flows between the reinsurer and the Company, is recognized as an asset and amortized over the term of the reinsurance contract, in proportion to the estimated gross profits and is subject to retrospective adjustment in a manner similar to retrospective adjustment of DAC. The assumptions used to project the expected cash flows are consistent with those used for DAC asset valuation for the same contracts. Changes in the net cost of reinsurance are reflected as a component of policy and contract charges. Reinsurance recoveries are reported as components of benefits, claims, losses and settlement expenses. Insurance liabilities are reported before the effects of reinsurance. Future policy benefits and policy claims and other policyholders' funds recoverable under reinsurance contracts are recorded as reinsurance recoverables. The Company also assumes life insurance and fixed annuity business from other insurers in limited circumstances. Reinsurance premiums received and benefits paid are accounted for consistently with the basis used in accounting for the policies from which risk is reinsured and consistently with the terms of the reinsurance contracts. Liabilities for assumed business are recorded within future policy benefits. See Note 8 for additional information on reinsurance. LAND, BUILDINGS, EQUIPMENT AND SOFTWARE Land, buildings, equipment and internally developed or purchased software are carried at cost less accumulated depreciation or amortization and are reflected within other assets. The Company generally uses the straight-line method of depreciation and amortization over periods ranging from three to 30 years. During 2009, the Company received a non-cash capital contribution of $131 million comprised of two buildings and the related land from Ameriprise Financial. At December 31, 2010 and 2009, land, buildings, equipment and software were $191 million and $190 million, respectively, net of accumulated depreciation of $59 million and $52 million, respectively. Depreciation and amortization expense for the years ended December 31, 2010, 2009 and 2008 was $14 million, $8 million and $5 million, respectively. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Freestanding derivative instruments are recorded at fair value and are reflected in other assets or other liabilities. The Company's policy is to not offset fair value amounts recognized for derivatives and collateral arrangements executed with the same counterparty under the same master netting arrangement. The accounting for changes in the fair value of a derivative instrument depends on its intended use and the resulting hedge designation, if any. The Company primarily uses derivatives as economic hedges that are not designated as accounting hedges or do not qualify for hedge accounting treatment. The Company occasionally designates derivatives as (i) hedges of changes in the fair value of assets, liabilities, or firm commitments ("fair value hedges") or (ii) hedges of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability ("cash flow hedges"). Derivative instruments that are entered into for hedging purposes are designated as such at the time the Company enters into the contract. For all derivative instruments that are designated for hedging activities, the Company formally documents all of the hedging relationships between the hedge instruments and the hedged items at the inception of the relationships. Management also formally documents its risk management objectives and strategies for entering into the hedge transactions. The Company formally assesses, at inception and on a quarterly basis, whether derivatives designated as hedges are highly effective in offsetting the fair value or cash flows of hedged items. If it is determined that a derivative is no longer highly effective as a hedge, the Company will discontinue the application of hedge accounting. For derivative instruments that do not qualify for hedge accounting or are not designated as hedges, changes in fair value are recognized in current period earnings. Changes in fair value of derivatives are presented in the Consolidated Statements of Income based on the nature and use of the instrument. Changes in fair value of derivatives used as economic hedges are presented in the Consolidated Statements of Income with the corresponding change in the hedged asset or liability. For derivative instruments that qualify as fair value hedges, changes in the fair value of the derivatives, as well as changes in the fair value of the hedged assets, liabilities or firm commitments, are recognized on a net basis in current period earnings. The carrying value of the hedged item is adjusted for the change in fair value from the designated hedged risk. If a fair value hedge designation is removed or the hedge is terminated prior to maturity, previous adjustments to the carrying value of the hedged item are recognized into earnings over the remaining life of the hedged item. For derivative instruments that qualify as cash flow hedges, the effective portion of the gain or loss on the derivative instruments is reported in accumulated other comprehensive income (loss) and reclassified into earnings when the hedged item or transaction impacts earnings. The amount that is reclassified into earnings is presented in the Consolidated Statements of Income with the hedged instrument or transaction impact. Any ineffective portion of the gain or loss is reported in current period earnings as a component of net investment income. If a hedge designation is removed or a hedge is terminated prior to maturity, the amount previously recorded in accumulated other comprehensive income (loss) is reclassified to earnings over F-10 RiverSource Life Insurance Company -------------------------------------------------------------------------------- the period that the hedged item impacts earnings. For hedge relationships that are discontinued because the forecasted transaction is not expected to occur according to the original strategy, any related amounts previously recorded in accumulated other comprehensive income (loss) are recognized in earnings immediately. See Note 16 for information regarding the Company's fair value measurement of derivative instruments and the impact of derivatives on the Consolidated Statements of Income. The equity component of EIA obligations is considered an embedded derivative. Additionally, certain annuities contain guaranteed minimum accumulation benefit ("GMAB") and guaranteed minimum withdrawal benefit ("GMWB") provisions. The GMAB and the non-life contingent benefits associated with GMWB provisions are also considered embedded derivatives. The fair value of embedded derivatives associated with annuities is included in future policy benefits. The change in the fair value of the EIA embedded derivatives is reflected in interest credited to fixed accounts. The changes in the fair value of the GMAB and GMWB embedded derivatives are reflected in benefits, claims, losses and settlement expenses. DEFERRED ACQUISITION COSTS DAC represent the costs of acquiring new business, principally direct sales commissions and other distribution and underwriting costs that have been deferred on the sale of annuity and insurance products. These costs are deferred to the extent they are recoverable from future profits or premiums. The DAC associated with insurance or annuity contracts that are significantly modified or internally replaced with another contract are accounted for as contract terminations. These transactions are anticipated in establishing amortization periods and other valuation assumptions. Direct sales commissions and other costs deferred as DAC are amortized over time. For annuity and universal life ("UL") contracts, DAC are amortized based on projections of estimated gross profits over amortization periods equal to the approximate life of the business. For other insurance products, DAC are generally amortized as a percentage of premiums over amortization periods equal to the premium-paying period. For annuity and UL insurance products, the assumptions made in projecting future results and calculating the DAC balance and DAC amortization expense are management's best estimates. Management is required to update these assumptions whenever it appears that, based on actual experience or other evidence, earlier estimates should be revised. When assumptions are changed, the percentage of estimated gross profits used to amortize DAC might also change. A change in the required amortization percentage is applied retrospectively; an increase in amortization percentage will result in a decrease in the DAC balance and an increase in DAC amortization expense, while a decrease in amortization percentage will result in an increase in the DAC balance and a decrease in DAC amortization expense. The impact on results of operations of changing assumptions can be either positive or negative in any particular period and is reflected in the period in which such changes are made. For other life, DI and LTC insurance products, the assumptions made in calculating the DAC balance and DAC amortization expense are consistent with those used in determining the liabilities and, therefore, are intended to provide for adverse deviations in experience and are revised only if management concludes experience will be so adverse that DAC are not recoverable. If management concludes that DAC are not recoverable, DAC are reduced to the amount that is recoverable based on best estimate assumptions and there is a corresponding expense recorded in the Company's Consolidated Statements of Income. For annuity, life, DI and LTC insurance products, key assumptions underlying those long-term projections include interest rates (both earning rates on invested assets and rates credited to contractholder and policyholder accounts), equity market performance, mortality and morbidity rates and the rates at which policyholders are expected to surrender their contracts, make withdrawals from their contracts and make additional deposits to their contracts. Assumptions about earned and credited interest rates are the primary factors used to project interest margins, while assumptions about equity and bond market performance are the primary factors used to project client asset value growth rates, and assumptions about surrenders, withdrawals and deposits comprise projected persistency rates. Management must also make assumptions to project maintenance expenses associated with servicing the Company's annuity and insurance businesses during the DAC amortization period. The client asset value growth rates are the rates at which variable annuity and variable universal life ("VUL") insurance contract values invested in separate accounts are assumed to appreciate in the future. The rates used vary by equity and fixed income investments. Management reviews and, where appropriate, adjusts its assumptions with respect to client asset value growth rates on a regular basis. The Company typically uses a five-year mean reversion process as a guideline in setting near-term equity fund growth rates based on a long-term view of financial market performance as well as recent actual performance. The suggested near-term equity fund growth rate is reviewed quarterly to ensure consistency with management's assessment of anticipated equity market performance. DAC amortization expense recorded in a period when client asset value growth rates exceed management's near-term estimate will typically be less than in a period when growth rates fall short of management's near-term estimate. F-11 RiverSource Life Insurance Company -------------------------------------------------------------------------------- The Company monitors other principal DAC amortization assumptions, such as persistency, mortality, morbidity, interest margin and maintenance expense levels each quarter and, when assessed independently, each could impact the Company's DAC balances. The analysis of DAC balances and the corresponding amortization is a dynamic process that considers all relevant factors and assumptions described previously. Unless the Company's management identifies a significant deviation over the course of the quarterly monitoring, management reviews and updates these DAC amortization assumptions annually in the third quarter of each year. DEFERRED SALES INDUCEMENT COSTS DSIC consist of bonus interest credits and premium credits added to certain annuity contract and insurance policy values. These benefits are capitalized to the extent they are incremental to amounts that would be credited on similar contracts without the applicable feature. The amounts capitalized are amortized using the same methodology and assumptions used to amortize DAC. The amortization of DSIC is recorded in benefits, claims, losses and settlement expenses. SEPARATE ACCOUNT ASSETS AND LIABILITIES Separate account assets and liabilities are primarily funds held for the exclusive benefit of variable annuity contractholders and variable life insurance policyholders, who assume the related investment risk. Income and losses on separate account assets accrue directly to the contractholder and policyholder and are not reported in the Company's Consolidated Statements of Income. Separate account assets are recorded at fair value. Changes in the fair value of separate account assets are offset by changes in the related separate account liabilities. The Company receives mortality and expense risk and other fees, guarantee fees and cost of insurance charges from the related accounts. FUTURE POLICY BENEFITS AND POLICY CLAIMS AND OTHER POLICYHOLDERS' FUNDS Fixed Annuities and Variable Annuity Guarantees Future policy benefits and policy claims and other policyholders' funds related to fixed annuities and variable annuity guarantees include liabilities for fixed account values on fixed and variable deferred annuities, guaranteed benefits associated with variable annuities, EIAs and fixed annuities in a payout status. Liabilities for fixed account values on fixed and variable deferred annuities are equal to accumulation values, which are the cumulative gross deposits and credited interest less withdrawals and various charges. The majority of the variable annuity contracts offered by the Company contain guaranteed minimum death benefit ("GMDB") provisions. When market values of the customer's accounts decline, the death benefit payable on a contract with a GMDB may exceed the contract accumulation value. The Company also offers variable annuities with death benefit provisions that gross up the amount payable by a certain percentage of contract earnings, which are referred to as gain gross-up ("GGU") benefits. In addition, the Company offers contracts containing GMWB and GMAB provisions, and until May 2007, the Company offered contracts containing guaranteed minimum income benefit ("GMIB") provisions. In determining the liabilities for GMDB, GMIB and the life contingent benefits associated with GMWB, the Company projects these benefits and contract assessments using actuarial models to simulate various equity market scenarios. Significant assumptions made in projecting future benefits and assessments relate to customer asset value growth rates, mortality, persistency and investment margins and are consistent with those used for DAC asset valuation for the same contracts. As with DAC, management reviews and, where appropriate, adjusts its assumptions each quarter. Unless management identifies a material deviation over the course of quarterly monitoring, management reviews and updates these assumptions annually in the third quarter of each year. The GMDB liability is determined by estimating the expected value of death benefits in excess of the projected contract accumulation value and recognizing the excess over the estimated meaningful life based on expected assessments (e.g., mortality and expense fees, contractual administrative charges and similar fees). If elected by the contract owner and after a stipulated waiting period from contract issuance, a GMIB guarantees a minimum lifetime annuity based on a specified rate of contract accumulation value growth and predetermined annuity purchase rates. The GMIB liability is determined each period by estimating the expected value of annuitization benefits in excess of the projected contract accumulation value at the date of annuitization and recognizing the excess over the estimated meaningful life based on expected assessments. The embedded derivatives related to GMAB and the non-life contingent benefits associated with GMWB provisions are recorded at fair value. See Note 13 for information regarding the fair value measurement of embedded derivatives. The liability for the life contingent benefits associated with GMWB provisions is determined in the same way as the GMDB F-12 RiverSource Life Insurance Company -------------------------------------------------------------------------------- liability. The changes in both the fair values of the GMWB and GMAB embedded derivatives and the liability for life contingent benefits are reflected in benefits, claims, losses and settlement expenses. Liabilities for EIAs are equal to the accumulation of host contract values covering guaranteed benefits and the fair value of embedded equity options. Liabilities for fixed annuities in a benefit or payout status are based on future estimated payments using established industry mortality tables and interest rates. Life, Disability Income and Long Term Care Insurance Future policy benefits and policy claims and other policyholders' funds related to life, DI and LTC insurance include liabilities for fixed account values on fixed and variable universal life policies, liabilities for unpaid amounts on reported claims, estimates of benefits payable on claims incurred but not yet reported and estimates of benefits that will become payable on term life, whole life, DI and LTC policies as claims are incurred in the future. Liabilities for fixed account values on fixed and variable universal life insurance are equal to accumulation values. Accumulation values are the cumulative gross deposits and credited interest less various contractual expense and mortality charges and less amounts withdrawn by policyholders. A portion of the Company's fixed and variable universal life contracts have product features that result in profits followed by losses from the insurance component of the contract. These profits followed by losses can be generated by the cost structure of the product or secondary guarantees in the contract. The secondary guarantee ensures that, subject to specified conditions, the policy will not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly deductions and charges. In determining the liability for contracts with profits followed by losses, the Company projects benefits and contract assessments using actuarial models. Significant assumptions made in projecting future benefits and assessments relate to customer asset value growth rates, mortality, persistency and investment margins and are consistent with those used for DAC asset valuation for the same contracts. As with DAC, management reviews, and where appropriate, adjusts its assumptions each quarter. Unless management identifies a material deviation over the course of quarterly monitoring, management reviews and updates these assumptions annually in the third quarter of each year. The liability for these future losses is determined by estimating the death benefits in excess of account value and recognizing the excess over the estimated meaningful life based on expected assessments (e.g. cost of insurance charges, contractual administrative charges, similar fees and investment margin). See Note 9 to for information regarding the liability for contracts with secondary guarantees. Liabilities for unpaid amounts on reported life insurance claims are equal to the death benefits payable under the policies. Liabilities for unpaid amounts on reported DI and LTC claims include any periodic or other benefit amounts due and accrued, along with estimates of the present value of obligations for continuing benefit payments. These amounts are calculated based on claim continuance tables which estimate the likelihood an individual will continue to be eligible for benefits. Present values are calculated at interest rates established when claims are incurred. Anticipated claim continuance rates are based on established industry tables, adjusted as appropriate for the Company's experience. Liabilities for estimated benefits payable on claims that have been incurred but not yet reported are based on periodic analysis of the actual time lag between when a claim occurs and when it is reported. Liabilities for estimates of benefits that will become payable on future claims on term life, whole life, DI and LTC policies are based on the net level premium method, using anticipated premium payments, mortality and morbidity rates, policy persistency and interest rates earned on assets supporting the liability. Anticipated mortality and morbidity rates are based on established industry mortality and morbidity tables, with modifications based on the Company's experience. Anticipated premium payments and persistency rates vary by policy form, issue age, policy duration and certain other pricing factors. Where applicable, benefit amounts expected to be recoverable from reinsurance companies who share in the risk are separately recorded as reinsurance recoverables. SOURCES OF REVENUE The Company's principal sources of revenue include premium revenues, net investment income and policy and contract charges. Premium Revenues Premium revenues include premiums on traditional life, DI and LTC insurance products and immediate annuities with a life contingent feature. Premiums on traditional life, DI and LTC insurance are net of reinsurance ceded and are recognized as revenue when due. F-13 RiverSource Life Insurance Company -------------------------------------------------------------------------------- Net Investment Income Net investment income primarily includes interest income on fixed maturity securities classified as Available-for-Sale, commercial mortgage loans, policy loans, other investments and cash and cash equivalents; the changes in fair value of trading securities and certain derivatives; and the pro-rata share of net income or loss on equity method investments. Interest income is accrued as earned using the effective interest method, which makes an adjustment of the yield for security premiums and discounts on all performing fixed maturity securities classified as Available-for-Sale so that the related security or loan recognizes a constant rate of return on the outstanding balance throughout its term. Policy and Contract Charges Policy and contract charges include mortality and expense risk fees and certain other charges assessed on annuities and fixed and variable universal life insurance, which consist of cost of insurance charges, net of reinsurance premiums and cost of reinsurance for universal life insurance products, and administrative and surrender charges. Mortality and expense risk fees include risk, management and administration fees, which are generated directly and indirectly from the Company's separate account assets. Cost of insurance charges on fixed and variable universal life insurance and contract charges and surrender charges on annuities and universal and variable universal life insurance are recognized as revenue when collected. Net Realized Investment Gains (Losses) Realized gains and losses on the sale of securities are recognized using the specific identification method, on a trade date basis, and charges for investments determined to be other-than-temporarily impaired and related to credit losses. OTHER INSURANCE AND OPERATING EXPENSES Other insurance and operating expenses include expenses allocated to the Company from its parent, Ameriprise Financial, for the Company's share of compensation, professional and consultant fees and expenses associated with information technology and communications, facilities and equipment, advertising and promotion and legal and regulatory costs. Also included are commissions, sales and marketing expenses and other operating expenses. These expenses are net of DAC. INCOME TAXES Beginning in 2010, the Company's taxable income will be included in the consolidated federal income tax return of Ameriprise Financial. The Company provides for income taxes on a separate return basis, except that, under an agreement between Ameriprise Financial and the Company, tax benefits are recognized for losses to the extent they can be used in the consolidated return. It is the policy of Ameriprise Financial that it will reimburse its subsidiaries for any tax benefits recorded. Inherent in the provision for income taxes are estimates and judgments regarding the tax treatment of certain items. In connection with the provision for income taxes, the Consolidated Financial Statements reflect certain amounts related to deferred tax assets and liabilities, which result from temporary differences between the assets and liabilities measured for financial statement purposes versus the assets and liabilities measured for tax return purposes. Among the Company's deferred tax assets are a significant deferred tax asset relating to capital losses that have been recognized for financial statement purposes but not yet for tax return purposes and future deductible capital losses realized for tax return purposes. Under current U.S. federal income tax law, capital losses generally must be used against capital gain income within five years of the year in which the capital losses are recognized for tax purposes. The Company is required to establish a valuation allowance for any portion of its deferred tax assets that management believes will not be realized. Significant judgment is required in determining if a valuation allowance should be established and the amount of such allowance if required. Factors used in making this determination include estimates relating to the performance of the business including the ability to generate capital gains. Consideration is given to, among other things in making this determination: (i) future taxable income exclusive of reversing temporary differences and carryforwards; (ii) future reversals of existing taxable temporary differences; (iii) taxable income in prior carryback years; and (iv) tax planning strategies. Management may need to identify and implement appropriate planning strategies to ensure the Company's ability to realize its deferred tax assets and avoid the establishment of a valuation allowance with respect to such assets. 3. RECENT ACCOUNTING PRONOUNCEMENTS ADOPTION OF NEW ACCOUNTING STANDARDS Receivables In July 2010, the Financial Accounting Standards Board ("FASB") updated the accounting standards for disclosures on the credit quality of financing receivables and the allowance for credit losses. The standard requires additional disclosure related to the credit quality of financing receivables, troubled debt restructurings and significant purchases or sales of financing receivables during the period. The standard requires that these disclosures and existing disclosures be presented on a disaggregated basis, similar to the manner that the entity uses to evaluate its credit losses. Disclosures of information as of the end of a reporting period are effective for interim and annual periods ending after December 15, 2010 and disclosures of F-14 RiverSource Life Insurance Company -------------------------------------------------------------------------------- activity that occurred during a reporting period are effective for interim and annual periods beginning after December 15, 2010. In January 2011, the effective date of the disclosures related to troubled debt restructurings was deferred until the FASB clarifies guidance for determining what constitutes a troubled debt restructuring. The adoption of the standard did not impact the Company's consolidated financial condition and results of operations. See Note 2 and Note 6 for the required disclosures. Consolidation of Variable Interest Entities In June 2009, the FASB updated the accounting standards related to the consolidation of VIEs. The standard amends the guidance on the determination of the primary beneficiary of a VIE from a quantitative model to a qualitative model and requires additional disclosures about an enterprise's involvement in VIEs. Under the new qualitative model, the primary beneficiary must have both the power to direct the activities of the VIE and the obligation to absorb losses or the right to receive gains that could be potentially significant to the VIE. In February 2010, the FASB amended this guidance to defer application of the consolidation requirements for certain investment funds. The standards are effective for interim and annual reporting periods beginning after November 15, 2009. The Company adopted the standard effective January 1, 2010 which did not impact its consolidated financial condition and results of operations. Subsequent Events In February 2010, the FASB amended the accounting standards related to the recognition and disclosure of subsequent events. The amendments remove the requirement to disclose the date through which subsequent events are evaluated for Securities and Exchange Commission ("SEC") filers. The standard is effective upon issuance and shall be applied prospectively. The Company adopted the standard in the first quarter of 2010. The adoption did not have any effect on the Company's consolidated financial condition and results of operations. Fair Value In January 2010, the FASB updated the accounting standards related to disclosures on fair value measurements. The standard expands the current disclosure requirements to include additional detail about significant transfers between Levels 1 and 2 within the fair value hierarchy and presents activity in the rollforward of Level 3 activity on a gross basis. The standard also clarifies existing disclosure requirements related to the level of disaggregation to be used for assets and liabilities as well as disclosures on the inputs and valuation techniques used to measure fair value. The standard is effective for interim and annual reporting periods beginning after December 15, 2009, except for the disclosure requirements related to the Level 3 rollforward, which are effective for interim and annual periods beginning after December 15, 2010. The Company adopted the standard in the first quarter of 2010, except for the additional disclosures related to the Level 3 rollforward, which the Company will adopt in the first quarter of 2011. The adoption did not have any effect on the Company's consolidated financial condition and results of operations. In September 2006, the FASB updated the accounting standards to define fair value, establish a framework for measuring fair value and expand disclosures about fair value measurements. The Company adopted the standard effective January 1, 2008 and recorded a cumulative effect reduction to the opening balance of retained earnings of $30 million, net of DAC and DSIC amortization and income taxes. This reduction to retained earnings was related to adjusting the fair value of certain derivatives the Company uses to hedge its exposure to market risk related to certain variable annuity riders. Prior to January 1, 2008, the Company recorded these derivatives in accordance with accounting guidance for derivative contracts held for trading purposes and contracts involved in energy trading and risk management activities. The new standard nullifies the previous guidance and requires these derivatives to be marked to the price the Company would receive to sell the derivatives to a market participant (an exit price). The adoption of the standard also resulted in adjustments to the fair value of the Company's embedded derivative liabilities associated with certain variable annuity riders. Since there is no market for these liabilities, the Company considered the assumptions participants in a hypothetical market would make to determine an exit price. As a result, the Company adjusted the valuation of these liabilities by updating certain policyholder assumptions, adding explicit margins to provide for profit, risk, and expenses, and adjusting the rate used to discount expected cash flows to reflect a current market estimate of the Company's risk of nonperformance specific to these liabilities. These adjustments resulted in an adoption impact of a $4 million increase in earnings, net of DAC and DSIC amortization and income taxes, at January 1, 2008. The nonperformance risk component of the adjustment is specific to the risk of the Company not fulfilling these liabilities. As the Company's estimate of this credit spread widens or tightens, the liability will decrease or increase. Recognition and Presentation of Other-Than-Temporary Impairments ("OTTI") In April 2009, the FASB updated the accounting standards for the recognition and presentation of other-than-temporary impairments. The standard amends existing guidance on other-than-temporary impairments for debt securities and requires that the credit portion of other-than-temporary impairments be recorded in earnings and the noncredit portion of losses be recorded in other comprehensive income when the entity does not intend to sell the security and it is more likely than not that the entity will not be required to sell the security prior to recovery of its cost basis. The standard requires separate presentation of both F-15 RiverSource Life Insurance Company -------------------------------------------------------------------------------- the credit and noncredit portions of other-than-temporary impairments on the financial statements and additional disclosures. This standard is effective for interim and annual reporting periods ending after June 15, 2009, with early adoption permitted for periods ending after March 15, 2009. At the date of adoption, the portion of previously recognized other-than-temporary impairments that represent the noncredit related loss component shall be recognized as a cumulative effect of adoption with an adjustment to the opening balance of retained earnings with a corresponding adjustment to accumulated other comprehensive income. The Company adopted the standard in the first quarter of 2009 and recorded a cumulative effect increase to the opening balance of retained earnings of $38 million, net of DAC and DSIC amortization, certain benefit reserves and income taxes, and a corresponding increase to accumulated other comprehensive loss, net of impacts to DAC and DSIC amortization, certain benefit reserves and income taxes. See Note 5 for the Company's required disclosures. FUTURE ADOPTION OF NEW ACCOUNTING STANDARDS Accounting for Costs Associated with Acquiring or Renewing Insurance Contracts In October 2010, the FASB updated the accounting standards for DAC. Under this new standard, only the following costs incurred in the acquisition of new and renewal insurance contracts would be capitalizable as DAC: (i) incremental direct costs of a successful contract acquisition, (ii) portions of employees' salaries and benefits directly related to time spent performing specified acquisition activities (that is, underwriting, policy issuance and processing, medical and inspection, and sales force contract selling) for a contract that has actually been acquired, (iii) other costs related to the specified acquisition activities that would not have been incurred had the acquisition contract not occurred, and (iv) advertising costs that meet the capitalization criteria in other GAAP guidance for certain direct-response marketing. All other costs are to be expensed as incurred. The standard is effective for interim and annual periods beginning after December 15, 2011, with earlier adoption permitted if it is at the beginning of an entity's annual reporting period. The standard is to be applied prospectively; however, retrospective application to all prior periods presented is permitted but not required. The Company is currently evaluating the impact of the standard on its consolidated financial condition and results of operations. How Investments Held through Separate Accounts Affect an Insurer's Consolidation Analysis of Those Investments In April 2010, the FASB updated the accounting standards regarding accounting for investment funds determined to be VIEs. Under this standard an insurance enterprise would not be required to consolidate a voting-interest investment fund when it holds the majority of the voting interests of the fund through its separate accounts. In addition, the enterprise would not consider the interests held through separate accounts in evaluating its economic interests in a VIE, unless the separate account contract holder is a related party. The standard is effective for financial statements issued for fiscal years and interim periods beginning after December 15, 2010. The adoption of the standard is not expected to have a material impact on the Company's consolidated financial condition and results of operations. 4. VARIABLE INTEREST ENTITIES RTA, a subsidiary of RiverSource Life Insurance Company, has variable interests in affordable housing partnerships for which it is not the primary beneficiary and, therefore, does not consolidate. RTA's maximum exposure to loss as a result of its investment in the affordable housing partnerships is limited to the carrying values. The carrying values are reflected in trading securities and other investments and were $244 million and $28 million as of December 31, 2010 and 2009, respectively. RTA has no obligation to provide financial or other support to the affordable housing partnerships in addition to liabilities already recorded nor has it provided any additional support to the affordable housing partnerships. The Company had liabilities of $188 million and $1 million recorded in other liabilities as of December 31, 2010 and 2009, respectively, related to the affordable housing partnerships. F-16 RiverSource Life Insurance Company -------------------------------------------------------------------------------- 5. INVESTMENTS Available-for-Sale securities distributed by type were as follows:
DECEMBER 31, 2010 -------------------------------------------------------------------- GROSS GROSS AMORTIZED UNREALIZED UNREALIZED FAIR NONCREDIT DESCRIPTION OF SECURITIES (IN MILLIONS) COST GAINS LOSSES VALUE OTTI(1) -------------------------------------------------------------------------------------------------------------------- Fixed maturities: Corporate debt securities $14,792 $1,218 $ (56) $15,954 $ 1 Residential mortgage backed securities 4,364 308 (139) 4,533 (30) Commercial mortgage backed securities 3,817 282 (4) 4,095 -- Asset backed securities 883 43 (18) 908 -- State and municipal obligations 809 18 (57) 770 -- Foreign government bonds and obligations 91 16 -- 107 -- U.S. government and agencies obligations 55 7 -- 62 -- Other structured investments 7 6 -- 13 6 -------------------------------------------------------------------------------------------------------------------- Total fixed maturities 24,818 1,898 (274) 26,442 (23) Common stocks 1 1 -- 2 -- -------------------------------------------------------------------------------------------------------------------- Total $24,819 $1,899 $(274) $26,444 $(23) ====================================================================================================================
DECEMBER 31, 2009 -------------------------------------------------------------------- GROSS GROSS AMORTIZED UNREALIZED UNREALIZED FAIR NONCREDIT DESCRIPTION OF SECURITIES (IN MILLIONS) COST GAINS LOSSES VALUE OTTI(1) -------------------------------------------------------------------------------------------------------------------- Fixed maturities: Corporate debt securities $14,245 $ 855 $(106) $14,994 $ 1 Residential mortgage backed securities 5,249 185 (238) 5,196 (41) Commercial mortgage backed securities 3,874 182 (16) 4,040 -- Asset backed securities 877 32 (29) 880 -- State and municipal obligations 647 12 (46) 613 -- U.S. government and agencies obligations 152 7 (1) 158 -- Foreign government bonds and obligations 94 14 (1) 107 -- Other structured investments 4 7 -- 11 7 -------------------------------------------------------------------------------------------------------------------- Total fixed maturities 25,142 1,294 (437) 25,999 (33) Common and preferred stocks 30 -- (7) 23 -- -------------------------------------------------------------------------------------------------------------------- Total $25,172 $1,294 $(444) $26,022 $(33) ====================================================================================================================
(1) Represents the amount of other-than-temporary impairment losses in Accumulated Other Comprehensive Income. Amount includes unrealized gains and losses on impaired securities subsequent to the initial impairment measurement date. These amounts are included in gross unrealized gains and losses as of the end of the period. At both December 31, 2010 and 2009, fixed maturity securities comprised approximately 88% of the Company's total investments. Rating agency designations are based on the availability of ratings from Nationally Recognized Statistical Rating Organizations ("NRSROs"), including Moody's Investors Service ("Moody's"), Standard & Poor's Ratings Services ("S&P") and Fitch Ratings Ltd. ("Fitch"). The Company uses the median of available ratings from Moody's, S&P and Fitch, or if fewer than three ratings are available, the lower rating is used. When ratings from Moody's, S&P and Fitch are unavailable, the Company may utilize ratings from other NRSROs or rate the securities internally. At December 31, 2010 and 2009, approximately $1.2 billion and $1.1 billion, respectively, of securities were internally rated by Columbia Management Investment Advisers, LLC (formerly known as RiverSource Investments, LLC) using criteria similar to those used by NRSROs. A summary of fixed maturity securities by rating was as follows:
DECEMBER 31, 2010 DECEMBER 31, 2009 ---------------------------------------------------------------------------------- PERCENT OF PERCENT OF RATINGS (IN MILLIONS, EXCEPT AMORTIZED FAIR TOTAL FAIR AMORTIZED FAIR TOTAL FAIR PERCENTAGES) COST VALUE VALUE COST VALUE VALUE -------------------------------------------------------------------------------------------------------------------------- AAA $ 8,067 $ 8,647 33% $ 9,194 $ 9,520 37% AA 1,360 1,426 5 1,081 1,084 4 A 4,025 4,259 16 4,182 4,326 17 BBB 9,831 10,721 41 9,276 9,826 38 Below investment grade 1,535 1,389 5 1,409 1,243 4 -------------------------------------------------------------------------------------------------------------------------- Total fixed maturities $24,818 $26,442 100% $25,142 $25,999 100% ==========================================================================================================================
F-17 RiverSource Life Insurance Company -------------------------------------------------------------------------------- At December 31, 2010 and 2009, approximately 29% and 33%, respectively, of the securities rated AAA were GNMA, FNMA and FHLMC mortgage backed securities. No holdings of any other issuer were greater than 10% of total equity. The following tables provide information about Available-for-Sale securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position:
DECEMBER 31, 2010 (IN MILLIONS, EXCEPT ------------------------------------------------------------------------------------------------ NUMBER OF SECURITIES) LESS THAN 12 MONTHS 12 MONTHS OR MORE TOTAL ------------------------------------------------------------------------------------------------------------------------ DESCRIPTION OF NUMBER OF FAIR UNREALIZED NUMBER OF FAIR UNREALIZED NUMBER OF SECURITIES SECURITIES VALUE LOSSES SECURITIES VALUE LOSSES SECURITIES ------------------------------------------------------------------------------------------------------------------------ Corporate debt securities 107 $1,785 $(44) 13 $153 $ (12) 120 Residential mortgage backed securities 71 310 (7) 45 282 (132) 116 Commercial mortgage backed securities 10 238 (4) -- -- -- 10 Asset backed securities 10 186 (6) 15 69 (12) 25 State and municipal obligations 20 256 (9) 2 87 (48) 22 U.S. government and agencies obligations 1 15 -- -- -- -- 1 Common stocks 2 1 -- 1 -- -- 3 ------------------------------------------------------------------------------------------------------------------------ Total 221 $2,791 $(70) 76 $591 $(204) 297 ======================================================================================================================== DECEMBER 31, 2010 (IN MILLIONS, EXCEPT -------------------------- NUMBER OF SECURITIES) TOTAL -------------------------------------------------- DESCRIPTION OF FAIR UNREALIZED SECURITIES VALUE LOSSES -------------------------------------------------- Corporate debt securities $1,938 $ (56) Residential mortgage backed securities 592 (139) Commercial mortgage backed securities 238 (4) Asset backed securities 255 (18) State and municipal obligations 343 (57) U.S. government and agencies obligations 15 -- Common stocks 1 -- -------------------------------------------------- Total $3,382 $(274) ==================================================
DECEMBER 31, 2009 (IN MILLIONS, EXCEPT ------------------------------------------------------------------------------------------------ NUMBER OF SECURITIES) LESS THAN 12 MONTHS 12 MONTHS OR MORE TOTAL ------------------------------------------------------------------------------------------------------------------------ DESCRIPTION OF NUMBER OF FAIR UNREALIZED NUMBER OF FAIR UNREALIZED NUMBER OF SECURITIES SECURITIES VALUE LOSSES SECURITIES VALUE LOSSES SECURITIES ------------------------------------------------------------------------------------------------------------------------ Corporate debt securities 92 $1,088 $(18) 85 $1,313 $ (88) 177 Residential mortgage backed securities 34 1,184 (34) 53 363 (204) 87 Commercial mortgage backed securities 24 353 (4) 18 297 (12) 42 Asset backed securities 6 70 (1) 16 87 (28) 22 State and municipal obligations 13 232 (9) 2 99 (37) 15 U.S. government and agencies obligations 2 89 (1) -- -- -- 2 Foreign government bonds and obligations -- -- -- 1 4 (1) 1 Common and preferred stocks -- -- -- 2 23 (7) 2 ------------------------------------------------------------------------------------------------------------------------ Total 171 $3,016 $(67) 177 $2,186 $(377) 348 ======================================================================================================================== DECEMBER 31, 2009 (IN MILLIONS, EXCEPT -------------------------- NUMBER OF SECURITIES) TOTAL -------------------------------------------------- DESCRIPTION OF FAIR UNREALIZED SECURITIES VALUE LOSSES -------------------------------------------------- Corporate debt securities $2,401 $(106) Residential mortgage backed securities 1,547 (238) Commercial mortgage backed securities 650 (16) Asset backed securities 157 (29) State and municipal obligations 331 (46) U.S. government and agencies obligations 89 (1) Foreign government bonds and obligations 4 (1) Common and preferred stocks 23 (7) -------------------------------------------------- Total $5,202 $(444) ==================================================
As part of the Company's ongoing monitoring process, management determined that a majority of the gross unrealized losses on its Available-for-Sale securities at December 31, 2010 are attributable to credit spreads. The primary driver of lower unrealized losses at December 31, 2010 was the decline of interest rates during the period. The following table presents a rollforward of the cumulative amounts recognized in the Consolidated Statements of Income for other-than-temporary impairments related to credit losses on securities for which a portion of the securities' total other-than-temporary impairments was recognized in other comprehensive income:
YEARS ENDED DECEMBER 31, -------------------------- (IN MILLIONS) 2010 2009 ------------------------------------------------------------------------------------------------- Beginning balance of credit losses on securities held for which a portion of other-than-temporary impairment was recognized in other comprehensive income $ 82 $102 Additional amount related to credit losses for which an other-than- temporary impairment was not previously recognized 14 7 Reductions for securities sold during the period (realized) -- (58) Additional increases to the amount related to credit losses for which an other-than-temporary impairment was previously recognized 12 31 ------------------------------------------------------------------------------------------------- Ending balance of credit losses on securities held as of December 31 for which a portion of other-than-temporary impairment was recognized in other comprehensive income $108 $ 82 =================================================================================================
The change in net unrealized securities gains (losses) in other comprehensive income includes three components, net of tax: (i) unrealized gains (losses) that arose from changes in the market value of securities that were held during the period; (ii) (gains) losses that were previously unrealized, but have been recognized in current period net income due to sales of Available-for-Sale securities and due to the reclassification of noncredit other-than-temporary impairment losses to credit F-18 RiverSource Life Insurance Company -------------------------------------------------------------------------------- losses and (iii) other items primarily consisting of adjustments in asset and liability balances, such as DAC, DSIC, benefit reserves and reinsurance recoverables, to reflect the expected impact on their carrying values had the unrealized gains (losses) been realized as of the respective balance sheet dates. The following table presents a rollforward of the net unrealized securities (losses) gains on Available-for-Sale securities included in accumulated other comprehensive income (loss):
ACCUMULATED OTHER COMPREHEN- SIVE INCOME (LOSS) RELATED TO NET NET UNREALIZED UNREALIZED SECURITIES SECURITIES (LOSSES) DEFERRED (LOSSES) (IN MILLIONS) GAINS INCOME TAX GAINS ---------------------------------------------------------------------------------------------------- Balance at January 1, 2008 $ (179) $ 63 $ (116) Net unrealized securities losses arising during the period (1,598) 559 (1,039) Reclassification of losses included in net income 431 (151) 280 Impact on DAC, DSIC and benefit reserves 303 (106) 197 ---------------------------------------------------------------------------------------------------- Balance at December 31, 2008 (1,043) 365 (678) Cumulative effect of accounting change (58) 20 (38)(1) Net unrealized securities gains arising during the period(3) 2,378 (832) 1,546 Reclassification of gains included in net income (73) 26 (47) Impact on DAC, DSIC, benefit reserves and reinsurance recoverables (566) 199 (367) ---------------------------------------------------------------------------------------------------- Balance at December 31, 2009 638 (222) 416(2) Net unrealized securities gains arising during the period(3) 794 (278) 516 Reclassification of gains included in net income (20) 7 (13) Impact on DAC, DSIC, benefit reserves and reinsurance recoverables (328) 114 (214) ---------------------------------------------------------------------------------------------------- Balance at December 31, 2010 $ 1,084 $(379) $ 705(2) ====================================================================================================
(1) Amount represents the cumulative effect of adopting a new accounting standard on January 1, 2009. See Note 3 for additional information on the adoption impact. (2) At December 31, 2010 and 2009, Accumulated Other Comprehensive Income Related to Net Unrealized Securities Gains included $(12) million and $(16) million, respectively, of noncredit related impairments on securities and net unrealized securities losses on previously impaired securities. (3) In 2010 and 2009, net unrealized securities gains arising during the period include other-than-temporary impairment losses on Available-for-Sale securities related to factors other than credit that were recognized in other comprehensive income during the period. Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in net realized investment gains (losses) were as follows:
YEARS ENDED DECEMBER 31, ---------------------------------------- (IN MILLIONS) 2010 2009 2008 ------------------------------------------------------------------------------------------------------- Gross realized investment gains from sales $ 51 $185 $ 13 Gross realized investment losses from sales (4) (50) (6) Other-than-temporary impairments (28) (62) (440)
The other-than-temporary impairments for the year ended December 31, 2010 primarily related to credit losses on non-agency residential mortgage backed securities as well as corporate debt securities in the gaming industry. The other-than-temporary impairments for the year ended December 31, 2009 related to credit losses on non-agency residential mortgage backed securities and corporate debt securities in the gaming industry and banking and finance industries. The other-than-temporary impairments for the year ended December 31, 2008 related to losses on non-agency residential mortgage backed securities, corporate debt securities primarily in the financial services industry and asset backed and other securities. Available-for-Sale securities by contractual maturity at December 31, 2010 were as follows:
AMORTIZED (IN MILLIONS) COST FAIR VALUE ------------------------------------------------------------------------------------------------- Due within one year $ 1,047 $ 1,066 Due after one year through five years 5,359 5,671 Due after five years through 10 years 5,615 6,106 Due after 10 years 3,726 4,050 ------------------------------------------------------------------------------------------------- 15,747 16,893 ------------------------------------------------------------------------------------------------- Residential mortgage backed securities 4,364 4,533 Commercial mortgage backed securities 3,817 4,095 Asset backed securities 883 908 Other structured investments 7 13 Common stocks 1 2 ------------------------------------------------------------------------------------------------- Total $24,819 $26,444 =================================================================================================
F-19 RiverSource Life Insurance Company -------------------------------------------------------------------------------- Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Residential mortgage backed securities, commercial mortgage backed securities, asset backed securities and other structured investments are not due at a single maturity date. As such, these securities, as well as common and preferred stocks, were not included in the maturities distribution. At both December 31, 2010 and 2009, bonds carried at $7 million were on deposit with various states as required by law. Trading Securities Net recognized gains (losses) related to trading securities held at December 31, 2010, 2009 and 2008 were nil, nil and $9 million, respectively. Sources of Investment Income and Net Realized Investment Gains (Losses) Net investment income is summarized as follows:
YEARS ENDED DECEMBER 31, ---------------------------------------- (IN MILLIONS) 2010 2009 2008 ------------------------------------------------------------------------------------------------------- Income on fixed maturities $1,482 $1,371 $1,043 Income on commercial mortgage loans 152 160 173 Trading securities and other investments 40 35 55 ------------------------------------------------------------------------------------------------------- 1,674 1,566 1,271 Less: investment expenses (45) (40) (19) ------------------------------------------------------------------------------------------------------- Total $1,629 $1,526 $1,252 =======================================================================================================
Net realized investment gains (losses) are summarized as follows:
YEARS ENDED DECEMBER 31, ---------------------------------------- (IN MILLIONS) 2010 2009 2008 ------------------------------------------------------------------------------------------------------- Fixed maturities $19 $ 73 $(433) Commercial mortgage loans (6) (13) (1) Trading securities and other investments 3 (1) (8) ------------------------------------------------------------------------------------------------------- Total $16 $ 59 $(442) =======================================================================================================
6. FINANCING RECEIVABLES The Company's financing receivables include commercial mortgage loans, syndicated loans and policy loans. The Company does not hold any loans acquired with deteriorated credit quality. See Note 2 for information regarding the Company's accounting policies related to loans and the allowance for loan losses. ALLOWANCE FOR LOAN LOSSES The following table presents a rollforward of the allowance for loan losses for the year ended December 31, 2010 and the ending balance of the allowance for loan losses as of December 31, 2010 by impairment method and type of loan:
COMMERCIAL MORTGAGE SYNDICATED (IN MILLIONS) LOANS LOANS TOTAL ------------------------------------------------------------------------------------------------------- Beginning balance $30 $12 $42 Charge-offs (1) (2) (3) Provisions 7 (5) 2 ------------------------------------------------------------------------------------------------------- Ending balance $36 $ 5 $41 ======================================================================================================= Ending balance: Individually evaluated for impairment $ 8 $-- $ 8 Ending balance: Collectively evaluated for impairment 28 5 33
The recorded investment in financing receivables as of December 31, 2010 by impairment method and type of loan was as follows:
COMMERCIAL MORTGAGE SYNDICATED (IN MILLIONS) LOANS LOANS TOTAL ------------------------------------------------------------------------------------------------------- Ending balance: Individually evaluated for impairment $ 75 $ -- $ 75 Ending balance: Collectively evaluated for impairment 2,431 205 2,636 ------------------------------------------------------------------------------------------------------- Ending balance $2,506 $205 $2,711 =======================================================================================================
As of December 31, 2010, the Company's recorded investment in financing receivables individually evaluated for impairment for which there was no related allowance for loan losses was $19 million. During the year ended December 31, 2010, the Company purchased $59 million and sold $2 million of syndicated loans. F-20 RiverSource Life Insurance Company -------------------------------------------------------------------------------- CREDIT QUALITY INFORMATION Nonperforming loans, which are generally loans 90 days or more past due, were $8 million as of December 31, 2010. All other loans were considered to be performing. Commercial Mortgage Loans The Company reviews the credit worthiness of the borrower and the performance of the underlying properties in order to determine the risk of loss on commercial mortgage loans. Based on this review, the commercial mortgage loans are assigned an internal risk rating, which management updates as necessary. Commercial mortgage loans which management has assigned its highest risk rating were 3% of commercial mortgage loans as of December 31, 2010. Loans with the highest risk rating represent distressed loans which the Company has identified as impaired or expects to become delinquent or enter into foreclosure in the next six months. In addition, the Company reviews the concentrations of credit risk by region and property type. Concentrations of credit risk of commercial mortgage loans by U.S. region as of December 31, 2010 were as follows:
PERCENT OF FUNDING (IN MILLIONS, EXCEPT PERCENTAGES) LOANS LOANS COMMITMENTS ------------------------------------------------------------------------------------------------------- South Atlantic $ 590 24% $ 4 Pacific 530 21 15 Mountain 286 11 -- West North Central 251 10 -- East North Central 240 10 -- Middle Atlantic 212 8 -- West South Central 183 7 -- New England 148 6 2 East South Central 66 3 -- ------------ ------------ ------------ 2,506 100% 21 ------------ Less: allowance for loan losses (36) -- ------------ ------------ Total $2,470 $21 =======================================================================================================
Concentrations of credit risk of commercial mortgage loans by property type as of December 31, 2010 were as follows:
PERCENT OF FUNDING (IN MILLIONS, EXCEPT PERCENTAGES) LOANS LOANS COMMITMENTS ------------------------------------------------------------------------------------------------------- Retail $ 820 33% $10 Office 717 29 -- Industrial 456 18 6 Apartments 326 13 -- Hotel 57 2 -- Mixed Use 43 2 -- Other 87 3 5 ------------ ------------ ------------ 2,506 100% 21 ------------ Less: allowance for loan losses (36) -- ------------ ------------ Total $2,470 $21 =======================================================================================================
Syndicated Loans The primary credit indicator for syndicated loans is whether the loans are performing in accordance with the contractual terms of the syndication. Total nonperforming syndicated loans as of December 31, 2010 were $1 million. 7. DEFERRED ACQUISITION COSTS AND DEFERRED SALES INDUCEMENT COSTS During the third quarter of 2010, 2009 and 2008, management reviewed and updated the DAC and DSIC valuation assumptions for the Company's products. As part of its third quarter 2010 process, management extended the projection periods used for its annuity products and revised client asset value growth rates assumed for variable annuity and variable universal life contracts. During the third quarter of 2008, the Company converted to a new industry standard valuation system that provided enhanced modeling capabilities. F-21 RiverSource Life Insurance Company -------------------------------------------------------------------------------- The total pretax impacts on the Company's assets and liabilities attributable to the review of valuation assumptions during the third quarter of 2010, 2009 and 2008 and the valuation system conversion during the third quarter of 2008 were as follows:
FUTURE BALANCE SHEET IMPACT REINSURANCE OTHER POLICY OTHER DEBIT (CREDIT) (IN MILLIONS) RECOVERABLES DAC DSIC ASSETS BENEFITS LIABILITIES TOTAL -------------------------------------------------------------------------------------------------------------------------------- 2010 period $(21) $323 $52 $-- $(266) $-- $ 88 2009 period (65) 119 9 -- 71 -- 134 2008 period 92 (81) (6) 1 95 5 106
The total pretax impacts on the Company's revenues and expenses attributable to the review of the valuation assumptions for the years ended December 31, 2010, 2009 and 2008 and the valuation system conversion during the third quarter of 2008 were as follows:
BENEFITS, OTHER CLAIMS, INSURANCE POLICY AND LOSSES AND AND PRETAX CONTRACT SETTLEMENT AMORTIZATION OPERATING BENEFIT (CHARGE) (IN MILLIONS) PREMIUMS CHARGES EXPENSES OF DAC EXPENSES TOTAL -------------------------------------------------------------------------------------------------------------------------- 2010 period $-- $(21) $(214) $323 $-- $ 88 2009 period -- (65) 80 119 -- 134 2008 period 2 95 89 (81) 1 106
The balances of and changes in DAC were as follows:
(IN MILLIONS) 2010 2009 2008 ------------------------------------------------------------------------------------------------------- Balance at January 1 $4,285 $4,324 $4,334 Cumulative effect of accounting change -- -- 36 Capitalization of acquisition costs 459 558 587 Amortization, excluding the impact of valuation assumptions review and valuation system conversion (376) (264) (780) Amortization, impact of valuation assumptions review and valuation system conversion 323 119 (81) Impact of change in net unrealized securities (gains) losses (113) (452) 228 ------------------------------------------------------------------------------------------------------- Balance at December 31 $4,578 $4,285 $4,324 =======================================================================================================
The balances of and changes in DSIC were as follows:
(IN MILLIONS) 2010 2009 2008 ------------------------------------------------------------------------------------------------------- Balance at January 1 $524 $518 $ 511 Cumulative effect of accounting change -- -- 9 Capitalization of sales inducement costs 35 82 87 Amortization, excluding the impact of valuation assumptions review and valuation system conversion (49) (19) (115) Amortization, impact of valuation assumptions review and valuation system conversion 52 9 (6) Impact of change in net unrealized securities (gains) losses (17) (66) 32 ------------------------------------------------------------------------------------------------------- Balance at December 31 $545 $524 $ 518 =======================================================================================================
As described in Note 3, the Company adopted a new accounting standard on the recognition and presentation of other-than-temporary impairments in the first quarter of 2009. The adoption had no net impact to DAC and DSIC. Effective January 1, 2008, the Company adopted a new accounting standard on fair value measurements and recorded as a cumulative change in accounting principle a pretax increase of $36 million and $9 million to DAC and DSIC, respectively. See Note 3 for additional information regarding the Company's adoption of fair value accounting standards. 8. REINSURANCE Generally, the Company currently reinsures 90% of the death benefit liability related to almost all individual fixed and variable universal life and term life insurance products. As a result, the Company typically retains and is at risk for, at most, 10% of each policy's death benefit from the first dollar of coverage for new sales of these policies, subject to the reinsurers fulfilling their obligations. The Company began reinsuring risks at this level during 2001 (2002 for RiverSource Life of NY) for term life insurance and 2002 (2003 for RiverSource Life of NY) for individual fixed and variable universal life insurance. Policies issued prior to these dates are not subject to these same reinsurance levels. Generally, the maximum amount of life insurance risk retained by the Company is $1.5 million on a single life and $1.5 million on any flexible premium survivorship life policy. Risk on fixed and variable universal life policies is reinsured on a yearly renewable term basis. Risk on most term life policies starting in 2001 (2002 for RiverSource Life of NY) is reinsured on a coinsurance basis, a type of reinsurance in which the reinsurer participates proportionally in all material risks and premiums associated with a policy. F-22 RiverSource Life Insurance Company -------------------------------------------------------------------------------- For existing LTC policies, the Company retained 50% of the risk and ceded the remaining 50% of the risk on a coinsurance basis to subsidiaries of Genworth Financial, Inc. ("Genworth"). For RiverSource Life of NY, this reinsurance arrangement applies for 1996 and later issues only. Generally, the Company retains at most $5,000 per month of risk per life on DI policies sold on policy forms introduced in most states in October 2007 (August 2010 for RiverSource Life of NY) and reinsures the remainder of the risk on a coinsurance basis with unaffiliated reinsurance companies. The Company retains all risk for new claims on DI contracts sold on other policy forms. The Company also retains all risk on accidental death benefit claims and substantially all risk associated with waiver of premium provisions. The Company also has life insurance and fixed annuity risk previously assumed under reinsurance arrangements with unaffiliated insurance companies. At December 31, 2010 and 2009, traditional life and universal life insurance in force aggregated $192.0 billion and $192.8 billion, respectively, of which $134.0 billion and $131.2 billion were reinsured at the respective year ends. Life insurance in force is reported on a statutory basis. The effect of reinsurance on premiums was as follows:
YEARS ENDED DECEMBER 31, ---------------------------------------- (IN MILLIONS) 2010 2009 2008 ------------------------------------------------------------------------------------------------------- Direct premiums $ 681 $ 659 $ 641 Reinsurance ceded (192) (209) (203) ------------------------------------------------------------------------------------------------------- Net premiums $ 489 $ 450 $ 438 =======================================================================================================
Policy and contract charges are presented on the Consolidated Statements of Income net of $67 million, $62 million and $61 million of reinsurance ceded for the years ended December 31, 2010, 2009 and 2008, respectively. Reinsurance recovered from reinsurers was $166 million, $167 million and $142 million for the years ended December 31, 2010, 2009 and 2008, respectively. Reinsurance contracts do not relieve the Company from its primary obligation to policyholders. Reinsurance recoverables include approximately $1.4 billion and $1.3 billion related to LTC risk ceded to Genworth as of December 31, 2010 and 2009, respectively. Included in future policy benefits is $657 million and $667 million related to assumed reinsurance arrangements as of December 31, 2010 and 2009, respectively. 9. FUTURE POLICY BENEFITS, POLICY CLAIMS AND OTHER POLICYHOLDERS' FUNDS AND SEPARATE ACCOUNT LIABILITIES Future policy benefits and policy claims and other policyholders' funds consisted of the following:
DECEMBER 31, -------------------------- (IN MILLIONS) 2010 2009 ------------------------------------------------------------------------------------------------- Fixed annuities $16,520 $16,558 Equity indexed annuities accumulated host values 100 159 Equity indexed annuities embedded derivatives 3 9 Variable annuity fixed sub-accounts 4,868 6,127 Variable annuity GMWB 337 204 Variable annuity GMAB 104 100 Other variable annuity guarantees 13 12 ------------------------------------------------------------------------------------------------- Total annuities 21,945 23,169 VUL/UL insurance 2,588 2,526 VUL/UL insurance additional liabilities 143 69 Other life, DI and LTC insurance 5,004 4,619 ------------------------------------------------------------------------------------------------- Total future policy benefits 29,680 30,383 Policy claims and other policyholders' funds 134 123 ------------------------------------------------------------------------------------------------- Total future policy benefits and policy claims and other policyholders' funds $29,814 $30,506 =================================================================================================
Separate account liabilities consisted of the following:
DECEMBER 31, -------------------------- (IN MILLIONS) 2010 2009 ------------------------------------------------------------------------------------------------- Variable annuity variable sub-accounts $57,862 $48,982 VUL insurance variable sub-accounts 5,887 5,239 Other insurance variable sub-accounts 46 46 ------------------------------------------------------------------------------------------------- Total $63,795 $54,267 =================================================================================================
F-23 RiverSource Life Insurance Company -------------------------------------------------------------------------------- Fixed Annuities Fixed annuities include both deferred and payout contracts. Deferred contracts offer a guaranteed minimum rate of interest and security of the principal invested. Payout contracts guarantee a fixed income payment for life or the term of the contract. The Company generally invests the proceeds from the annuity payments in fixed rate securities. The Company may hedge the interest rate risks related to fixed annuities with derivative instruments. As of December 31, 2010 and 2009, there were no outstanding derivatives to hedge these risks. Equity Indexed Annuities The Index 500 Annuity, the Company's EIA product, is a single premium deferred fixed annuity. The contract is issued with an initial term of seven years and interest earnings are linked to the S&P 500 Index. This annuity has a minimum interest rate guarantee of 3% on 90% of the initial premium, adjusted for any surrenders. The Company generally invests the proceeds from the annuity deposits in fixed rate securities and hedges the equity risk with derivative instruments. See Note 16 for additional information regarding the Company's derivative instruments. In 2007, the Company discontinued new sales of EIAs. Variable Annuities Purchasers of variable annuities can select from a variety of investment options and can elect to allocate a portion to a fixed account. A vast majority of the premiums received for variable annuity contracts are held in separate accounts where the assets are held for the exclusive benefit of those contractholders. Most of the variable annuity contracts issued by the Company contain one or more guaranteed benefits, including GMWB, GMAB, GMDB and GGU provisions. The Company previously offered contracts with GMIB provisions. See Note 2 and Note 10 for additional information regarding the Company's variable annuity guarantees. The Company does not currently hedge its risk under the GMDB, GGU and GMIB provisions. See Note 16 for additional information regarding derivative instruments used to hedge risks related to GMWB and GMAB provisions. Insurance Liabilities VUL/UL is the largest group of insurance policies written by the Company. Purchasers of VUL can select from a variety of investment options and can elect to allocate a portion to a fixed account. A vast majority of the premiums received for VUL contracts are held in separate accounts where the assets are held for the exclusive benefit of those policyholders. The Company also offers term and whole life insurance as well as disability products. The Company no longer offers LTC products but has in force policies from prior years. Insurance liabilities include accumulation values, unpaid reported claims, incurred but not reported claims and obligations for anticipated future claims. Portions of the Company's fixed and variable universal life contracts have product features that result in profits followed by losses from the insurance component of the contract. These profits followed by losses can be generated by the cost structure of the product or secondary guarantees in the contract. The secondary guarantee ensures that, subject to specified conditions, the policy will not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly deductions and charges. 10. VARIABLE ANNUITY AND INSURANCE GUARANTEES The majority of the variable annuity contracts offered by the Company contain GMDB provisions. The Company also offers variable annuities with GGU, GMWB and GMAB provisions. The Company previously offered contracts containing GMIB provisions. See Note 2 and Note 9 for additional information regarding the Company's variable annuity guarantees. The GMDB provisions provide a specified minimum return upon death of the contractholder. The death benefit payable is the greater of (i) the contract value less any purchase payment credits subject to recapture and less a pro-rata portion of any rider fees, or (ii) the GMDB provisions specified in the contract. The Company has three primary GMDB provisions: - Return of premium -- provides purchase payments minus adjusted partial surrenders. - Reset -- provides that the value resets to the account value every sixth contract anniversary minus adjusted partial surrenders. This provision is often provided in combination with the return of premium provision. This provision is no longer offered. - Ratchet -- provides that the value ratchets up to the maximum account value at specified anniversary intervals, plus subsequent purchase payments less adjusted partial surrenders. The variable annuity contracts with GMWB riders typically have account values that are based on an underlying portfolio of mutual funds, the values of which fluctuate based on fund performance. At issue, the guaranteed amount is equal to the amount deposited but the guarantee may be increased annually to the account value (a "step-up") in the case of favorable market performance. F-24 RiverSource Life Insurance Company -------------------------------------------------------------------------------- The Company has GMWB riders in force, which contain one or more of the following provisions: - Withdrawals at a specified rate per year until the amount withdrawn is equal to the guaranteed amount. - Withdrawals at a specified rate per year for the life of the contractholder ("GMWB for life"). - Withdrawals at a specified rate per year for joint contractholders while either is alive. - Withdrawals based on performance of the contract. - Withdrawals based on the age withdrawals begin. - Once withdrawals begin, the contractholder's funds are moved to one of the three least aggressive asset allocation models (of the five that are available prior to withdrawal). - Credits are applied annually for a specified number of years to increase the guaranteed amount as long as withdrawals have not been taken. Variable annuity contractholders age 79 or younger at contract issue can also obtain a principal-back guarantee by purchasing the optional GMAB rider for an additional charge. The GMAB rider guarantees that, regardless of market performance at the end of the 10-year waiting period, the contract value will be no less than the original investment or 80% of the highest anniversary value, adjusted for withdrawals. If the contract value is less than the guarantee at the end of the 10 year period, a lump sum will be added to the contract value to make the contract value equal to the guarantee value. Certain UL contracts offered by the Company provide secondary guarantee benefits. The secondary guarantee ensures that, subject to specified conditions, the policy will not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly deductions and charges. The following table provides information related to variable annuity guarantees for which the Company has established additional liabilities:
DECEMBER 31, 2010 DECEMBER 31, 2009 --------------------------------------------------------------------------------------- CONTRACT CONTRACT VARIABLE ANNUITY GUARANTEES BY TOTAL VALUE IN WEIGHTED TOTAL VALUE IN BENEFIT TYPE(1) CONTRACT SEPARATE NET AMOUNT AVERAGE CONTRACT SEPARATE (IN MILLIONS, EXCEPT AGE) VALUE ACCOUNTS AT RISK(2) ATTAINED AGE VALUE ACCOUNTS --------------------------------------------------------------------------------------------------------------------------- GMDB: Return of premium $37,714 $36,028 $173 62 $30,938 $28,415 Five/six-year reset 13,689 11,153 312 62 13,919 11,223 One-year ratchet 7,741 7,242 287 63 7,081 6,400 Five-year ratchet 1,466 1,414 8 60 1,256 1,171 Other 680 649 61 67 549 516 --------------------------------------------------------------------------------------------------------------------------- Total -- GMDB $61,290 $56,486 $841 62 $53,743 $47,725 =========================================================================================================================== GGU DEATH BENEFIT $ 970 $ 912 $ 79 64 $ 853 $ 775 GMIB $ 597 $ 561 $ 76 64 $ 628 $ 582 GMWB: GMWB $ 4,341 $ 4,317 $106 64 $ 4,196 $ 4,067 GMWB for life 20,374 20,259 129 63 14,988 14,333 --------------------------------------------------------------------------------------------------------------------------- Total -- GMWB $24,715 $24,576 $235 63 $19,184 $18,400 =========================================================================================================================== GMAB $ 3,540 $ 3,523 $ 22 56 $ 2,926 $ 2,853 DECEMBER 31, 2009 --------------------------- WEIGHTED VARIABLE ANNUITY GUARANTEES BY NET AVERAGE BENEFIT TYPE(1) AMOUNT ATTAINED (IN MILLIONS, EXCEPT AGE) AT RISK(2) AGE --------------------------------------------------------------- GMDB: Return of premium $ 974 61 Five/six-year reset 929 61 One-year ratchet 873 63 Five-year ratchet 38 59 Other 95 67 --------------------------------------------------------------- Total -- GMDB $2,909 61 =============================================================== GGU DEATH BENEFIT $ 70 63 GMIB $ 126 63 GMWB: GMWB $ 454 64 GMWB for life 795 63 --------------------------------------------------------------- Total -- GMWB $1,249 63 =============================================================== GMAB $ 153 56
(1) Individual variable annuity contracts may have more than one guarantee and therefore may be included in more than one benefit type. Variable annuity contracts for which the death benefit equals the account value are not shown in this table. (2) Represents the current guaranteed benefit amount in excess of the current contract value. GMIB, GMWB and GMAB benefits are subject to waiting periods and payment periods specified in the contract. F-25 RiverSource Life Insurance Company -------------------------------------------------------------------------------- Changes in additional liabilities were as follows:
(IN MILLIONS) GMDB & GGU GMIB GMWB GMAB UL -------------------------------------------------------------------------------------------------------------------- Liability balance at January 1, 2008 $ 24 $ 3 $ 136 $ 33 $ 4 Incurred claims 58 10 1,335 334 6 Paid claims (27) (1) -- -- (3) -------------------------------------------------------------------------------------------------------------------- Liability balance at December 31, 2008 55 12 1,471 367 7 Incurred claims 12 (5) (1,267) (267) 8 Paid claims (61) (1) -- -- -- -------------------------------------------------------------------------------------------------------------------- Liability balance at December 31, 2009 6 6 204 100 15 Incurred claims 17 3 133 4 59 Paid claims (18) (1) -- -- (6) -------------------------------------------------------------------------------------------------------------------- Liability balance at December 31, 2010 $ 5 $ 8 $ 337 $ 104 $68 ====================================================================================================================
The liabilities for guaranteed benefits are supported by general account assets. The following table summarizes the distribution of separate account balances by asset type for variable annuity contracts providing guaranteed benefits:
DECEMBER 31, -------------------------- (IN MILLIONS) 2010 2009 ------------------------------------------------------------------------------------------------- Mutual funds: Equity $32,665 $29,379 Bond 22,755 16,537 Other 2,253 2,889 ------------------------------------------------------------------------------------------------- Total mutual funds $57,673 $48,805 =================================================================================================
No gains or losses were recognized on assets transferred to separate accounts for the years ended December 31, 2010, 2009 and 2008. 11. LINES OF CREDIT RiverSource Life Insurance Company, as the borrower, had an outstanding balance of $3 million and $300 million as of December 31, 2010 and 2009, respectively, under a revolving credit agreement with Ameriprise Financial as the lender. The aggregate amount outstanding under the line of credit may not exceed $800 million at any time. The interest rate for any borrowing under the agreement was established by reference to LIBOR plus 28 basis points. In January 2011, an amendment to this agreement increased the interest rate to LIBOR plus 115 basis points. Amounts borrowed may be repaid at any time with no prepayment penalty. The outstanding balance at December 31, 2010 was paid in full with a payment in January 2011. The outstanding balance at December 31, 2009 was paid in full during the first quarter of 2010. RiverSource Life Insurance Company borrowed $200 million in January 2011 and an additional $100 million in February 2011 under this line of credit. The Company has a revolving credit agreement with Ameriprise Financial aggregating $200 million. The interest rate for any borrowings is established by reference to LIBOR. There were no amounts outstanding on this line of credit at December 31, 2010 and 2009. In September 2008, RiverSource Life Insurance Company, as the lender, entered into a revolving credit agreement with Ameriprise Financial as the borrower. This line of credit is not to exceed 3% of RiverSource Life Insurance Company's statutory admitted assets as of the prior year end. The interest rate for any borrowing was established by reference to LIBOR plus 28 basis points. In January 2011, an amendment to this agreement increased the interest rate to LIBOR plus 115 basis points. In the event of default, an additional 1% interest will accrue during such period of default. There were no amounts outstanding on this revolving credit agreement as of December 31, 2010 and 2009. 12. BORROWINGS UNDER REPURCHASE AGREEMENTS During 2010, the Company entered into repurchase agreements in exchange for cash which it accounts for as secured borrowings. The Company has pledged Available- for-Sale securities consisting of agency residential mortgage backed securities to collateralize its obligation under the repurchase agreements. The fair value of the securities pledged is recorded in investments and was $412 million at December 31, 2010. The amount of the Company's liability as of December 31, 2010 was $397 million. The weighted average annualized interest rate on the repurchase agreements held as of December 31, 2010 was 0.3%. F-26 RiverSource Life Insurance Company -------------------------------------------------------------------------------- 13. FAIR VALUES OF ASSETS AND LIABILITIES GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; that is, an exit price. The exit price assumes the asset or liability is not exchanged subject to a forced liquidation or distressed sale. VALUATION HIERARCHY The Company categorizes its fair value measurements according to a three-level hierarchy. The hierarchy prioritizes the inputs used by the Company's valuation techniques. A level is assigned to each fair value measurement based on the lowest level input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are defined as follows: Level 1 Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date. Level 2 Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities. Level 3 Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. DETERMINATION OF FAIR VALUE The Company uses valuation techniques consistent with the market and income approaches to measure the fair value of its assets and liabilities. The Company's market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The Company's income approach uses valuation techniques to convert future projected cash flows to a single discounted present value amount. When applying either approach, the Company maximizes the use of observable inputs and minimizes the use of unobservable inputs. The following is a description of the valuation techniques used to measure fair value and the general classification of these instruments pursuant to the fair value hierarchy. ASSETS Cash Equivalents Cash equivalents include highly liquid investments with original maturities of 90 days or less. Actively traded money market funds are measured at their net asset value ("NAV") and classified as Level 1. The Company's remaining cash equivalents are classified as Level 2 and measured at amortized cost, which is a reasonable estimate of fair value because of the short time between the purchase of the instrument and its expected realization. Available-for-Sale Securities When available, the fair value of securities is based on quoted prices in active markets. If quoted prices are not available, fair values are obtained from nationally-recognized pricing services, broker quotes, or other model-based valuation techniques. Level 1 securities include U.S. Treasuries. Level 2 securities include municipal and corporate bonds, agency mortgage backed securities, commercial mortgage backed securities, asset backed securities and U.S. and foreign government and agency securities. The fair value of these Level 2 securities is based on a market approach with prices obtained from nationally- recognized pricing services. Observable inputs used to value these securities can include: reported trades, benchmark yields, issuer spreads and broker/dealer quotes. Level 3 securities primarily include corporate bonds, non-agency residential mortgage backed securities and asset backed securities. The fair value of these Level 3 securities is typically based on a single broker quote, except for the valuation of non-agency residential mortgage backed securities. Effective March 31, 2010, the Company returned to using prices from nationally- recognized pricing services to determine the fair value of non-agency residential mortgage backed securities because the difference between these prices and the results of the Company's discounted cash flows was not significant. The Company continues to classify its non-agency residential mortgage backed securities as Level 3 because it believes the market for these securities is still inactive and their valuation includes significant unobservable inputs. Separate Account Assets The fair value of assets held by separate accounts is determined by the NAV of the funds in which those separate accounts are invested. The NAV represents the exit price for the separate account. Separate account assets are classified as Level 2 as they are traded in principal-to-principal markets with little publicly released pricing information. Other Assets Derivatives that are measured using quoted prices in active markets, such as derivatives that are exchanged-traded, are classified as Level 1 measurements. The fair value of derivatives that are traded in less active over-the-counter markets are generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These F-27 RiverSource Life Insurance Company -------------------------------------------------------------------------------- measurements are classified as Level 2 within the fair value hierarchy and include swaps and options. Derivatives that are valued using pricing models that have significant unobservable inputs are classified as Level 3 measurements. The Company settled these Level 3 derivatives in the second quarter of 2009 and has not entered into any additional derivative instruments that have significant unobservable inputs since then. LIABILITIES Future Policy Benefits The Company values the embedded derivative liability attributable to the provisions of certain variable annuity riders using internal valuation models. These models calculate fair value by discounting expected cash flows from benefits plus margins for profit, risk and expenses less embedded derivative fees. The projected cash flows used by these models include observable capital market assumptions (such as, market implied equity volatility and the LIBOR swap curve) and incorporate significant unobservable inputs related to contractholder behavior assumptions (such as withdrawals and lapse rates) and margins for risk, profit and expenses that the Company believes an exit market participant would expect. The fair value of these embedded derivatives also reflects a current estimate of the Company's nonperformance risk specific to these liabilities. Given the significant unobservable inputs to this valuation, these measurements are classified as Level 3. The embedded derivative liability attributable to these provisions is recorded in future policy benefits. The Company uses various Black-Scholes calculations to determine the fair value of the embedded derivative liability associated with the provisions of its EIAs. The inputs to these calculations are primarily market observable and include interest rates, volatilities and equity index levels. As a result, these measurements are classified as Level 2. Other Liabilities The fair value of derivatives that are traded in less active over-the-counter markets are generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy and include swaps and options. F-28 RiverSource Life Insurance Company -------------------------------------------------------------------------------- The following tables present the balances of assets and liabilities measured at fair value on a recurring basis:
DECEMBER 31, 2010 ------------------------------------------------------ (IN MILLIONS) LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------------------------------------------------------------------------------------------------------- Assets Available-for-Sale securities: Fixed maturities: Corporate debt securities $-- $14,637 $1,317 $15,954 Residential mortgage backed securities -- 1,915 2,618 4,533 Commercial mortgage backed securities -- 4,065 30 4,095 Asset backed securities -- 681 227 908 State and municipal obligations -- 770 -- 770 U.S. government and agencies obligations 11 51 -- 62 Foreign government bonds and obligations -- 107 -- 107 Other structured investments -- -- 13 13 ------------------------------------------------------------------------------------------------------------- Total Available-for-Sale securities: Fixed maturities 11 22,226 4,205 26,442 Common stocks 1 1 -- 2 Trading securities -- 26 -- 26 Cash equivalents -- 76 -- 76 Other assets: Interest rate derivatives -- 366 -- 366 Equity derivatives 32 323 -- 355 Credit derivatives -- 4 -- 4 ------------------------------------------------------------------------------------------------------------- Total other assets 32 693 -- 725 Separate account assets -- 63,795 -- 63,795 ------------------------------------------------------------------------------------------------------------- Total assets at fair value $44 $86,817 $4,205 $91,066 ============================================================================================================= Liabilities Future policy benefits: EIA embedded derivatives $-- $ 3 $ -- $ 3 GMWB and GMAB embedded derivatives -- -- 421 421 ------------------------------------------------------------------------------------------------------------- Total future policy benefits -- 3 421 424 Other liabilities: Interest rate derivatives -- 379 -- 379 Equity derivatives 18 647 -- 665 Credit derivatives -- 1 -- 1 ------------------------------------------------------------------------------------------------------------- Total other liabilities 18 1,027 -- 1,045 ------------------------------------------------------------------------------------------------------------- Total liabilities at fair value $18 $ 1,030 $ 421 $ 1,469 =============================================================================================================
F-29 RiverSource Life Insurance Company --------------------------------------------------------------------------------
DECEMBER 31, 2009 ------------------------------------------------------ (IN MILLIONS) LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------------------------------------------------------------------------------------------------------- Assets Available-for-Sale securities: Fixed maturities: Corporate debt securities $-- $13,755 $1,239 $14,994 Residential mortgage backed securities -- 2,424 2,772 5,196 Commercial mortgage backed securities -- 3,968 72 4,040 Asset backed securities -- 665 215 880 State and municipal obligations -- 613 -- 613 U.S. government and agencies obligations 11 147 -- 158 Foreign government bonds and obligations -- 107 -- 107 Other structured investments -- -- 11 11 ------------------------------------------------------------------------------------------------------------- Total Available-for-Sale securities: Fixed maturities 11 21,679 4,309 25,999 Common and preferred stocks -- 23 -- 23 Trading securities -- 36 -- 36 Cash equivalents 2 801 -- 803 Other assets -- 615 -- 615 Separate account assets -- 54,267 -- 54,267 ------------------------------------------------------------------------------------------------------------- Total assets at fair value $13 $77,421 $4,309 $81,743 ============================================================================================================= Liabilities Future policy benefits $-- $ 9 $ 299 $ 308 Other liabilities -- 757 -- 757 ------------------------------------------------------------------------------------------------------------- Total liabilities at fair value $-- $ 766 $ 299 $ 1,065 =============================================================================================================
The following tables provide a summary of changes in Level 3 assets and liabilities measured at fair value on a recurring basis:
TOTAL GAINS PURCHASES, INCLUDED IN SALES, -------------------------- ISSUANCES BALANCE, OTHER AND TRANSFERS BALANCE, JANUARY 1, NET COMPREHENSI- SETTLEMENTS, IN/(OUT) OF DECEMBER 31, (IN MILLIONS) 2010 INCOME VE INCOME NET LEVEL 3 2010 -------------------------------------------------------------------------------------------------------------------------- Available-for-Sale securities: Fixed maturities: Corporate debt securities $1,239 $ 1 $ 30 $ 22 $ 25 $1,317 Residential mortgage backed securities 2,772 54 190 (398) -- 2,618 Commercial mortgage backed securities 72 1 10 91 (144) 30 Asset backed securities 215 6 22 (3) (13) 227 Other structured investments 11 2 -- -- -- 13 -------------------------------------------------------------------------------------------------------------------------- Total Available-for-Sale securities: Fixed maturities 4,309 64(1) 252 (288) (132)(3) 4,205 Future policy benefits: GMWB and GMAB embedded derivatives (299) 4(2) -- (126) -- (421)
(1) Represents a $21 million loss included in net realized investment gains (losses) and an $85 million gain included in net investment income in the Consolidated Statements of Income. (2) Included in benefits, claims, losses and settlement expenses in the Consolidated Statements of Income. (3) Represents securities with a fair value of $157 million that were transferred to Level 2 as the fair value of the securities is now obtained from a nationally-recognized pricing service and securities with a fair value of $25 million that were transferred to Level 3 as the fair value of the securities is now based on broker quotes. F-30 RiverSource Life Insurance Company --------------------------------------------------------------------------------
TOTAL GAINS PURCHASES, (LOSSES) INCLUDED IN SALES, -------------------------- ISSUANCES BALANCE, OTHER AND TRANSFERS BALANCE, JANUARY 1, NET COMPREHENSI- SETTLEMENTS, IN/(OUT) OF DECEMBER 31, (IN MILLIONS) 2009 INCOME VE INCOME NET LEVEL 3 2009 -------------------------------------------------------------------------------------------------------------------------- Available-for-Sale securities: Fixed maturities: Corporate debt securities $ 1,086 $ -- $194 $ 20 $(61) $1,239 Residential mortgage backed securities 520 65 156 2,031 -- 2,772 Commercial mortgage backed securities 3 -- 8 61 -- 72 Asset backed securities 95 7 10 112 (9) 215 Other structured investments 9 2 -- -- -- 11 -------------------------------------------------------------------------------------------------------------------------- Total Available-for-Sale securities: Fixed maturities 1,713 74(1) 368 2,224 (70)(3) 4,309 Other assets 200 (37)(2) -- (163) -- -- Future policy benefits: GMWB and GMAB embedded derivatives (1,832) 1,611(2) -- (78) -- (299)
(1) Represents a $7 million loss included in net realized investment gains (losses) and an $81 million gain included in net investment income in the Consolidated Statements of Income. (2) Included in benefits, claims, losses and settlement expenses in the Consolidated Statements of Income. (3) Represents securities with a fair value of $79 million that were transferred to Level 2 as the fair value of the securities are now obtained from a nationally-recognized pricing service and a security with a fair value of $9 million that was transferred to Level 3 as the fair value of the security is now based on broker quotes. The Company recognizes transfers between levels of the fair value hierarchy as of the beginning of the quarter in which each transfer occurred. The following table presents the changes in unrealized gains (losses) included in net income related to Level 3 assets and liabilities held at December 31:
2010 2009 ---------------------------------------------------------------------------------- NET BENEFITS, NET BENEFITS, REALIZED CLAIMS, REALIZED CLAIMS, NET INVESTMENT LOSSES AND NET INVESTMENT LOSSES AND INVESTMENT GAINS SETTLEMENT INVESTMENT GAINS SETTLEMENT (IN MILLIONS) INCOME (LOSSES) EXPENSES INCOME (LOSSES) EXPENSES -------------------------------------------------------------------------------------------------------------------------- Available-for-Sale securities: Fixed maturities: Residential mortgage backed securities $78 $(26) $ -- $80 $(31) $ -- Asset backed securities 5 -- -- 1 -- -- -------------------------------------------------------------------------------------------------------------------------- Total Available-for-Sale securities: Fixed maturities 83 (26) -- 81 (31) -- Future policy benefits -- -- (15) -- -- 1,582
During the reporting periods, there were no material assets or liabilities measured at fair value on a nonrecurring basis. The following table provides the carrying value and the estimated fair value of financial instruments that are not reported at fair value. All other financial instruments that are reported at fair value have been included above in the table with balances of assets and liabilities measured at fair value on a recurring basis.
DECEMBER 31, ------------------------------------------------------ 2010 2009 ------------------------------------------------------------------------------------------------------------- CARRYING FAIR CARRYING FAIR (IN MILLIONS) VALUE VALUE VALUE VALUE ------------------------------------------------------------------------------------------------------------- FINANCIAL ASSETS Commercial mortgage loans, net $ 2,470 $ 2,558 $ 2,532 $ 2,519 Policy loans 729 805 715 790 Other investments 210 224 226 245 Restricted cash 66 66 184 184 FINANCIAL LIABILITIES Future policy benefits $15,328 $15,768 $15,540 $15,657 Separate account liabilities 395 395 406 406 Line of credit with Ameriprise Financial 3 3 300 300 Borrowings under repurchase agreements 397 397 -- --
F-31 RiverSource Life Insurance Company -------------------------------------------------------------------------------- Commercial Mortgage Loans, Net The fair value of commercial mortgage loans, except those with significant credit deterioration, is determined by discounting contractual cash flows using discount rates that reflect current pricing for loans with similar remaining maturities and characteristics including loan-to-value ratio, occupancy rate, refinance risk, debt-service coverage, location, and property condition. For commercial mortgage loans with significant credit deterioration, fair value is determined using the same adjustments as above with an additional adjustment for the Company's estimate of the amount recoverable on the loan. Policy Loans The fair value of policy loans is determined using discounted cash flows. Other Investments Other investments primarily consist of syndicated loans and an investment in Federal Home Loan Bank of Des Moines ("FHLB"). The fair value of syndicated loans is obtained from a nationally-recognized pricing service. The carrying value of the investment in FHLB is considered a reasonable estimate of the fair value, as this represents the stated exit price for this investment. Restricted Cash Restricted cash is generally set aside for specific business transactions and restrictions are specific to the Company and do not transfer to third party market participants; therefore, the carrying amount is a reasonable estimate of fair value. Future Policy Benefits The fair value of fixed annuities, in deferral status, is determined by discounting cash flows using a risk neutral discount rate with adjustments for profit margin, expense margin, early policy surrender behavior, a provision for adverse deviation from estimated early policy surrender behavior and the Company's nonperformance risk specific to these liabilities. The fair value of other liabilities including non-life contingent fixed annuities in payout status, EIA host contracts and the fixed portion of a small number of variable annuity contracts classified as investment contracts is determined in a similar manner. Separate Account Liabilities Certain separate account liabilities are classified as investment contracts and are carried at an amount equal to the related separate account assets. Carrying value is a reasonable estimate of the fair value as it represents the exit value as evidenced by withdrawal transactions between contractholders and the Company. A nonperformance adjustment is not included as the related separate account assets act as collateral for these liabilities and minimize nonperformance risk. Line of Credit with Ameriprise Financial The fair value of the line of credit is determined by discounting cash flows with an adjustment for the Company's nonperformance risk specific to this liability; however, due to the short-term nature of the line of credit, the carrying value is used as an approximation of the fair value. Borrowings under Repurchase Agreements The fair value of borrowings under agreements to repurchase is determined by discounting cash flows. A nonperformance adjustment is not included as collateral requirements for these borrowings minimize the nonperformance risk. 14. RELATED PARTY TRANSACTIONS Columbia Management Investment Advisers, LLC is the investment manager for the proprietary mutual funds used as investment options by the Company's variable annuity contractholders and variable life insurance policyholders. The Company provides all fund management services, other than investment management, and is compensated for the administrative services it provides. For the years ended December 31, 2010, 2009 and 2008, the Company received $136 million, $87 million and $101 million, respectively, from Columbia Management Investment Advisers, LLC for these services. The Company participates in the Ameriprise Financial Retirement Plan which covers all permanent employees age 21 and over who have met certain employment requirements. Employer contributions to the plan are based on participants' age, years of service and total compensation for the year. Funding of retirement costs for this plan complies with the applicable minimum funding requirements specified by the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). The Company's share of the total net periodic pension cost was $1 million in 2010, $2 million in 2009 and $1 million in 2008. The Company participates in the Ameriprise Financial 2005 Incentive Compensation Plan. Employees, directors and independent contractors are eligible to receive incentive awards including stock options, restricted stock awards, restricted stock units, performance shares and similar awards designed to comply with the applicable federal regulations and laws of jurisdiction. The expense for incentive awards was $1 million in 2010 and $3 million in both 2009 and 2008. F-32 RiverSource Life Insurance Company -------------------------------------------------------------------------------- The Company also participates in the defined contribution pension plans of Ameriprise Financial which cover all employees who have met certain employment requirements. The Company contributions to the plans are a percent of either each employee's eligible compensation or basic contributions. Costs of these plans charged to operations were $1 million, $2 million and nil in 2010, 2009 and 2008, respectively. The Company participates in the defined benefit health care plans of Ameriprise Financial that provide health care and life insurance benefits to retired employees and retired financial advisors. The plans include participant contributions and service related eligibility requirements. Upon retirement, such employees are considered to have been employees of Ameriprise Financial. Ameriprise Financial expenses these benefits and allocates the expenses to its subsidiaries. The cost of these plans charged to operations was nil in both 2010 and 2009 and $1 million in 2008. Charges by Ameriprise Financial and affiliated companies to the Company for use of joint facilities, technology support, marketing services and other services aggregated $527 million, $580 million and $673 million for 2010, 2009 and 2008, respectively. Certain of these costs are included in DAC. Expenses allocated to the Company may not be reflective of expenses that would have been incurred by the Company on a stand-alone basis. Dividends paid were as follows:
YEARS ENDED DECEMBER 31, ---------------------------------------- (IN MILLIONS) 2010 2009 2008 ------------------------------------------------------------------------------------------------------- Cash dividends paid to Ameriprise Financial $500 $-- $775 Cash dividends paid to RiverSource Life Insurance Company from RiverSource Life of NY 28 -- 77 Cash dividend paid to RiverSource Life Insurance Company from RTA 63 22 -- Non-cash dividend paid to Ameriprise Financial from RTA -- -- 118
Notifications to state insurance regulators were made in advance of payments of dividends for amounts in excess of statutorily defined thresholds. See Note 15 for additional information. During 2010, the Company received a non-cash capital contribution of $14 million comprised of affordable housing partnership investments from Ameriprise Financial. During 2009, RiverSource Life Insurance Company received a non-cash capital contribution of $131 million comprised of two buildings and the related land from Ameriprise Financial. As part of the transaction, RiverSource Life Insurance Company entered into an agreement to lease the buildings to Ameriprise Financial. In addition, RiverSource Life Insurance Company received a non-cash capital contribution of $200 million consisting of a reduction of the outstanding balance due to Ameriprise Financial under a line of credit. See Note 11 for more information on the Company's lines of credit. During 2008, the Company received a non-cash capital contribution of $83 million comprised of below investment grade syndicated bank loans from Ameriprise Financial. In addition, RiverSource Life Insurance Company received a $239 million contribution from Ameriprise Financial, consisting of all the issued and outstanding shares of RTA. There were no amounts included in other liabilities at December 31, 2010 and 2009 payable to Ameriprise Financial for federal income taxes. During 2009, the Company sold corporate bonds of $27 million to Ameriprise Financial and recognized a gain of $9 million. 15. STATUTORY CAPITAL AND SURPLUS State insurance statutes contain limitations as to the amount of dividends or distributions that insurers may make without providing prior notification to state regulators. For RiverSource Life Insurance Company, dividends or distributions in excess of unassigned surplus, as determined in accordance with accounting practices prescribed by the State of Minnesota, require advance notice to the Minnesota Department of Commerce, RiverSource Life Insurance Company's primary regulator, and are subject to potential disapproval. RiverSource Life Insurance Company's statutory unassigned surplus aggregated $810 million and $433 million as of December 31, 2010 and 2009, respectively. In addition, dividends or distributions, whose fair market value, together with that of other dividends or distributions made within the preceding 12 months, exceed the greater of the previous year's statutory net gain from operations or 10% of the previous year-end statutory capital and surplus are referred to as "extraordinary dividends." Extraordinary dividends also require advance notice to the Minnesota Department of Commerce, and are subject to potential disapproval. F-33 RiverSource Life Insurance Company -------------------------------------------------------------------------------- Statutory net gain from operations and net income for the years ended December 31 and capital and surplus as of December 31 are summarized as follows:
(IN MILLIONS) 2010 2009 2008 ------------------------------------------------------------------------------------------------------- (unaudited) Statutory net gain (loss) from operations(1) $1,200 $1,793 $(1,184) Statutory net income (loss)(1) 1,112 1,887 (1,407) Statutory capital and surplus 3,735 3,371 2,529
(1) An increase in statutory reserves for variable annuity guaranteed benefits contributed significantly to the loss in 2008, but was substantially offset by unrealized gains on derivatives which are not included in the statutory income statement, but recorded directly to surplus. These impacts were substantially reversed in 2009 and 2010. 16. DERIVATIVES AND HEDGING ACTIVITIES Derivative instruments enable the Company to manage its exposure to various market risks. The value of such instruments is derived from an underlying variable or multiple variables, including equity and interest rate indices or prices. The Company primarily enters into derivative agreements for risk management purposes related to the Company's products and operations. The Company uses derivatives as economic hedges and accounting hedges. The following table presents the balance sheet location and the gross fair value of derivative instruments, including embedded derivatives:
ASSET LIABILITY DERIVATIVES NOT BALANCE --------------------------- BALANCE --------------------------- DESIGNATED SHEET DECEMBER 31, DECEMBER 31, SHEET DECEMBER 31, DECEMBER 31, AS HEDGING INSTRUMENTS LOCATION 2010 2009 LOCATION 2010 2009 ----------------------------------------------------------------------------------------------------------------- (IN MILLIONS) (IN MILLIONS) GMWB AND GMAB Interest rate Other contracts Other assets $366 $176 liabilities $ 379 $ 280 Other Equity contracts Other assets 354 425 liabilities 665 474 Other Credit contracts Other assets 4 12 liabilities 1 -- Future Embedded policy derivatives(1) N/A -- -- benefits 421 299 --------------------------- --------------------------- Total GMWB and GMAB 724 613 1,466 1,053 --------------------------- --------------------------- OTHER DERIVATIVES: EQUITY Other GMDB Other assets -- -- liabilities -- 2 Other EIA Other assets 1 2 liabilities -- -- Future EIA embedded policy derivatives N/A -- -- benefits 3 9 --------------------------- --------------------------- Total other 1 2 3 11 --------------------------- --------------------------- Total derivatives $725 $615 $1,469 $1,064 =========================== ===========================
N/A Not applicable (1) The fair values of GMWB and GMAB embedded derivatives fluctuate based on changes in equity, interest rate and credit markets. See Note 13 for additional information regarding the Company's fair value measurement of derivative instruments. F-34 RiverSource Life Insurance Company -------------------------------------------------------------------------------- DERIVATIVES NOT DESIGNATED AS HEDGES The following table presents a summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Income for the years ended December 31:
LOCATION OF GAIN (LOSS) AMOUNT OF GAIN (LOSS) ON ON DERIVATIVES DERIVATIVES RECOGNIZED IN INCOME DERIVATIVES NOT DESIGNATED RECOGNIZED ------------------------------- AS HEDGING INSTRUMENTS IN INCOME 2010 2009 ------------------------------------------------------------------------------------- (IN MILLIONS) GMWB AND GMAB Benefits, claims, losses and settlement Interest rate contracts expenses $ 95 $ (435) Benefits, claims, losses and settlement Equity contracts expenses (370) (1,245) Benefits, claims, losses and settlement Credit contracts expenses (44) (65) Benefits, claims, losses and settlement Embedded derivatives(1) expenses (121) 1,533 ------------------------------------------------------------------------------------- Total GMWB and GMAB (440) (212) ------------------------------------------------------------------------------------- OTHER DERIVATIVES: EQUITY Benefits, claims, losses and settlement GMDB expenses (4) (10) Interest credited to fixed EIA accounts 2 4 Interest credited to fixed EIA embedded derivatives accounts 7 7 ------------------------------------------------------------------------------------- Total other 5 1 ------------------------------------------------------------------------------------- Total derivatives $(435) $ (211) =====================================================================================
(1) The fair values of GMWB and GMAB embedded derivatives fluctuate based on changes in equity, interest rate and credit markets. The Company holds derivative instruments that either do not qualify or are not designated for hedge accounting treatment. These derivative instruments are used as economic hedges of equity, interest rate and credit risk related to various products and transactions of the Company. The majority of the Company's annuity contracts contain GMDB provisions, which may result in a death benefit payable that exceeds the contract accumulation value when market values of customers' accounts decline. Certain annuity contracts contain GMWB or GMAB provisions, which guarantee the right to make limited partial withdrawals each contract year regardless of the volatility inherent in the underlying investments or guarantee a minimum accumulation value of consideration received at the beginning of the contract period, after a specified holding period, respectively. The Company economically hedges the exposure related to non-life contingent GMWB and GMAB provisions using various equity futures, equity options, total return swaps, interest rate swaptions, interest rate swaps, variance swaps and credit default swaps. At December 31, 2010 and 2009, the gross notional amount of derivative contracts for the Company's GMWB and GMAB provisions was $55.5 billion and $38.7 billion, respectively. The Company had previously entered into a limited number of derivative contracts to economically hedge equity exposure related to GMDB provisions on variable annuity contracts written in 2009. As of December 31, 2010, the Company did not have any outstanding hedges on its GMDB provisions. At December 31, 2009, the gross notional amount of derivative contracts for the Company's GMDB provisions was $77 million. The deferred premium associated with the above options is paid or received semi-annually over the life of the option contract. The following is a summary of the payments the Company is scheduled to make and receive for these options:
PREMIUMS PREMIUMS (IN MILLIONS) PAYABLE RECEIVABLE ------------------------------------------------------------------------------------------------- 2011 $266 $10 2012 245 9 2013 223 8 2014 197 7 2015 174 6 2016-2025 546 7
Actual timing and payment amounts may differ due to future contract settlements, modifications or exercises of options prior to the full premium being paid or received. EIAs have returns tied to the performance of equity markets. As a result of fluctuations in equity markets, the obligation incurred by the Company related to EIA products will positively or negatively impact earnings over the life of these products. As a means of economically hedging its obligations under the provisions of these products, the Company enters into index options and occasionally enters into futures contracts. The gross notional amount of these derivative contracts was $89 million and $129 million at December 31, 2010 and 2009, respectively. F-35 RiverSource Life Insurance Company -------------------------------------------------------------------------------- EMBEDDED DERIVATIVES Certain annuities contain GMAB and non-life contingent GMWB provisions, which are considered embedded derivatives. In addition, the equity component of the EIA product obligations is also considered an embedded derivative. These embedded derivatives are bifurcated from their host contracts and reported on the Consolidated Balance Sheets at fair value with changes in fair value reported in earnings. As discussed above, the Company uses derivatives to mitigate the financial statement impact of these embedded derivatives. CASH FLOW HEDGES The Company has amounts classified in accumulated other comprehensive income (loss) related to gains and losses associated with the effective portion of previously designated cash flow hedges. The Company reclassifies these amounts into income as the forecasted transactions impact earnings. During the years ended December 31, 2010 and 2009, the Company held no derivatives that were designated as cash flow hedges. At December 31, 2010, the Company expects to reclassify $6 million of deferred loss on derivative instruments from accumulated other comprehensive income (loss) to earnings during the next 12 months that will be recorded in net investment income. These were originally losses on derivative instruments related to interest rate swaptions. During the years ended December 31, 2010 and 2009, no hedge relationships were discontinued due to forecasted transactions no longer being expected to occur according to the original hedge strategy. For the years ended December 31, 2010, 2009 and 2008, amounts recognized in earnings on derivative transactions that were ineffective were not material. The following is a summary of unrealized derivatives losses included in accumulated other comprehensive income (loss) related to cash flow hedges:
(IN MILLIONS) 2010 2009 2008 ------------------------------------------------------------------------------------------------------- Net unrealized derivatives losses at January 1 $(34) $(38) $(40) Unrealized derivative losses arising during the period -- -- (1) Reclassification of realized losses(1) 6 6 5 Income tax benefit (2) (2) (2) ------------------------------------------------------------------------------------------------------- Net unrealized derivatives losses at December 31 $(30) $(34) $(38) =======================================================================================================
(1) Loss reclassified from Accumulated Other Comprehensive Income (Loss) to Net Investment Income on Consolidated Statements of Income. Currently, the longest period of time over which the Company is hedging exposure to the variability in future cash flows is 8 years and relates to interest credited on forecasted fixed premium product sales. CREDIT RISK Credit risk associated with the Company's derivatives is the risk that a derivative counterparty will not perform in accordance with the terms of the applicable derivative contract. To mitigate such risk, the Company has established guidelines and oversight of credit risk through a comprehensive enterprise risk management program that includes members of senior management. Key components of this program are to require preapproval of counterparties and the use of master netting arrangements and collateral arrangements whenever practical. As of December 31, 2010 and 2009, the Company held $25 million and $88 million, respectively, in cash and cash equivalents and recorded a corresponding liability in other liabilities for collateral the Company is obligated to return to counterparties. As of December 31, 2010 and 2009, the Company had accepted additional collateral consisting of various securities with a fair value of $23 million and $22 million, respectively, which are not reflected on the Consolidated Balance Sheets. As of December 31, 2010 and 2009, the Company's maximum credit exposure related to derivative assets after considering netting arrangements with counterparties and collateral arrangements was approximately $25 million and $53 million, respectively. Certain of the Company's derivative instruments contain provisions that adjust the level of collateral the Company is required to post based on the Company's financial strength rating (or based on the debt rating of the Company's parent, Ameriprise Financial). Additionally, certain of the Company's derivative contracts contain provisions that allow the counterparty to terminate the contract if the Company does not maintain a specific financial strength rating or Ameriprise Financial's debt does not maintain a specific credit rating (generally an investment grade rating). If these termination provisions were to be triggered, the Company's counterparty could require immediate settlement of any net liability position. At December 31, 2010 and 2009, the aggregate fair value of all derivative instruments in a net liability position containing such credit risk features was $412 million and $296 million, respectively. The aggregate fair value of assets posted as collateral for such instruments as of December 31, 2010 and 2009 was $406 million and $269 million, respectively. If the credit risk features of derivative contracts that were in a net liability position at December 31, 2010 and 2009 were triggered, the additional fair value of assets needed to settle these derivative liabilities would have been $6 million and $27 million, respectively. F-36 RiverSource Life Insurance Company -------------------------------------------------------------------------------- 17. INCOME TAXES The Company qualifies as a life insurance company for federal income tax purposes. As such, the Company is subject to the Internal Revenue Code provisions applicable to life insurance companies. Beginning in 2010, the Company's taxable income will be included in the consolidated federal income tax return of Ameriprise Financial. The Company provides for income taxes on a separate return basis, except that, under an agreement between Ameriprise Financial and the Company, tax benefits are recognized for losses to the extent they can be used in the consolidated return. It is the policy of Ameriprise Financial that is will reimburse its subsidiaries for any tax benefits recorded. The components of income tax provision (benefit) were as follows:
YEARS ENDED DECEMBER 31, ---------------------------------------- (IN MILLIONS) 2010 2009 2008 ------------------------------------------------------------------------------------------------------- Current income tax: Federal $(167) $325 $ 42 State 3 1 3 ------------------------------------------------------------------------------------------------------- Total current income tax (164) 326 45 Deferred income tax Federal 417 (80) (236) State (1) (1) 2 ------------------------------------------------------------------------------------------------------- Total deferred income tax 416 (81) (234) ------------------------------------------------------------------------------------------------------- Total income tax provision (benefit) $ 252 $245 $(189) =======================================================================================================
The principal reasons that the aggregate income tax provision is different from that computed by using the U.S. statutory rate of 35% are as follows:
YEARS ENDED DECEMBER 31, ---------------------------------------- 2010 2009 2008 ------------------------------------------------------------------------------------------------------- Tax at U.S. statutory rate 35.0% 35.0% 35.0% Changes in taxes resulting from: Tax-exempt interest and dividend income (6.6) (7.2) 56.6 State taxes, net of federal benefit 0.1 -- (3.7) Low income housing credit (1.4) (2.0) 27.9 Foreign tax credit, net of addback (1.1) (1.0) 15.3 Taxes applicable to prior years (1.9) 0.1 29.2 Other, net -- (0.2) ------------------------------------------------------------------------------------------------------- Income tax provision 24.1% 24.9% 160.1% =======================================================================================================
The Company's effective tax rate was 24.1% and 24.9% for the years ended December 31, 2010 and 2009, respectively. The decrease in the effective tax rate primarily reflects benefits from tax planning and completion of certain audits which offset the impact of an increase in pretax income relative to tax advantaged items for 2010. Deferred income tax assets and liabilities result from temporary differences between the assets and liabilities measured for GAAP reporting versus income tax return purposes. The significant components of the Company's deferred income tax assets and liabilities are reflected in the following table:
DECEMBER 31, -------------------------- (IN MILLIONS) 2010 2009 ------------------------------------------------------------------------------------------------- Deferred income tax assets: Liabilities for future policy benefits $1,306 $1,390 Investment related 159 163 Net operating loss and tax credit carryforwards 31 185 ------------------------------------------------------------------------------------------------- Gross deferred income tax assets 1,496 1,738 ------------------------------------------------------------------------------------------------- Deferred income tax liabilities: DAC 1,429 1,264 Net unrealized gains on Available-for-Sale securities 364 203 DSIC 191 193 Other 26 15 ------------------------------------------------------------------------------------------------- Gross deferred income tax liabilities 2,010 1,675 ------------------------------------------------------------------------------------------------- Net deferred income tax assets (liabilities) $ (514) $ 63 =================================================================================================
The Company is required to establish a valuation allowance for any portion of the deferred income tax assets that management believes will not be realized. Included in deferred income tax assets are a significant deferred tax asset relating to capital losses that have been recognized for financial statement purposes but not yet for tax return purposes and future deductible F-37 RiverSource Life Insurance Company -------------------------------------------------------------------------------- capital losses realized for tax return purposes. Under current U.S. federal income tax law, capital losses generally must be used against capital gain income within five years of the year in which the capital losses are recognized for tax purposes. Significant judgment is required in determining if a valuation allowance should be established, and the amount of such allowance if required. Factors used in making this determination include estimates relating to the performance of the business including the ability to generate capital gains. Consideration is given to, among other things in making this determination, (i) future taxable income exclusive of reversing temporary differences and carryforwards, (ii) future reversals of existing taxable temporary differences, (iii) taxable income in prior carryback years, and (iv) tax planning strategies. Based on analysis of the Company's tax position, management believes it is more likely than not that the results of future operations and implementation of tax planning strategies will generate sufficient taxable income to enable the Company to utilize all of its deferred tax assets. Accordingly, no valuation allowance for deferred tax assets has been established as of December 31, 2010 and 2009. The Company has tax benefits related to capital loss carryforwards of $29 million which expire beginning December 31, 2015 as well as tax credit carryforwards of $2 million which expire beginning December 31, 2019. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:
(IN MILLIONS) 2010 2009 2008 ------------------------------------------------------------------------------------------------------- Balance at January 1 $ (77) $(89) $ 97 Additions (reductions) based on tax positions related to the current year -- 1 (165) Additions for tax positions of prior years 322 18 38 Reductions for tax positions of prior years (196) (7) (59) Settlements 34 -- -- ------------------------------------------------------------------------------------------------------- Balance at December 31 $ 83 $(77) $ (89) =======================================================================================================
If recognized, approximately $39 million, $49 million and $30 million, net of federal tax benefits, of unrecognized tax benefits as of December 31, 2010, 2009 and 2008, respectively, would affect the effective tax rate. The Company recognizes interest and penalties related to unrecognized tax benefits as a component of the income tax provision. The Company recognized a net reduction of $8 million, $1 million and $14 million in interest and penalties for the year ended December 31, 2010, 2009 and 2008, respectively. At December 31, 2010 and 2009, the Company had a receivable of $24 million and $16 million, respectively, related to the accrual of interest and penalties. It is reasonably possible that the total amounts of unrecognized tax benefits will change in the next 12 months. Based on the current audit position of the Company, it is estimated that the total amount of gross unrecognized tax benefits may decrease by $25 million to $35 million in the next 12 months. The Company or one or more of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. With few exceptions, the Company is no longer subject to U.S. federal or state and local income tax examinations by tax authorities for years before 1997. The Internal Revenue Service ("IRS") completed its field examination of the Company's income tax returns for 2005 through 2007 during the third and fourth quarters of 2010. The IRS had completed its field examination of the 1997 through 2004 tax returns in recent years. However, for federal income tax purposes, these years continue to remain open as a consequence of certain issues under appeal. In the fourth quarter of 2010, the IRS commenced an examination of the Company's income tax returns for 2008 and 2009. The Company or certain of its subsidiaries' state income tax returns are currently under examination by various jurisdictions for years ranging from 1998 through 2009. On September 25, 2007, the IRS issued Revenue Ruling 2007-61 in which it announced that it intends to issue regulations with respect to certain computational aspects of the Dividends Received Deduction ("DRD") related to separate account assets held in connection with variable contracts of life insurance companies. Any regulations that the IRS ultimately proposes for issuance in this area will be subject to public notice and comment, at which time insurance companies and other members of the public will have the opportunity to raise legal and practical questions about the content, scope and application of such regulations. As a result, the ultimate timing and substance of any such regulations are unknown at this time, but they may result in the elimination of some or all of the separate account DRD tax benefit that the Company receives. The items comprising other comprehensive income (loss) are presented net of the following income tax provision (benefit) amounts:
YEARS ENDED DECEMBER 31, ---------------------------------------- (IN MILLIONS) 2010 2009 2008 ------------------------------------------------------------------------------------------------------- Net unrealized securities gains (losses) $157 $587 $(302) Net unrealized derivative gains 2 2 2 ------------------------------------------------------------------------------------------------------- Net income tax provision (benefit) $159 $589 $(300) =======================================================================================================
F-38 RiverSource Life Insurance Company -------------------------------------------------------------------------------- 18. COMMITMENTS AND CONTINGENCIES At December 31, 2010 and 2009, the Company had no material commitments to purchase investments other than mortgage loan fundings. See Note 6 for additional information. The Company's annuity and life products all have minimum interest rate guarantees in their fixed accounts. As of December 31, 2010, these guarantees range up to 5.0%. To the extent the yield on the Company's invested assets portfolio declines below its target spread plus the minimum guarantee, the Company's profitability would be negatively affected. Insurance companies have been the subject of increasing regulatory, legislative and judicial scrutiny. The SEC, the Financial Industry Regulatory Authority, commonly referred to as FINRA, and several state authorities have commenced examinations and other inquiries of insurance companies regarding sales and marketing practices (including sales to older consumers and disclosure practices), compensation arrangements and anticompetitive activities. The Company is involved in the normal course of business in a number of other legal and arbitration proceedings concerning matters arising in connection with the conduct of its business activities. The Company believes that it is not a party to, nor are any of its properties the subject of, any pending legal, arbitration or regulatory proceedings that would have a material adverse effect on its consolidated financial condition, results of operations or liquidity. However, it is possible that the outcome of any such proceedings could have a material impact on results of operations in any particular reporting period as the proceedings are resolved. F-39 S-6325 J (4/11) PART C. Item 24. Financial Statements and Exhibits (a) Financial statements included in Part B of this Registration Statement: The audited financial statements of the RiverSource Variable Account 10 including: Report of Independent Registered Public Accounting Firm dated April 22, 2011. Statements of Assets and Liabilities for the year ended Dec. 31, 2010. Statements of Operations for the year ended Dec. 31, 2010. Statements of Changes and Net Assets for the years ended Dec. 31, 2010 and 2009. Notes to Financial Statements. The audited financial statements of the RiverSource Life Insurance Company including: Report of Independent Registered Public Accounting Firm dated February 23, 2011. Consolidated Balance Sheets as of Dec. 31, 2010 and 2009. Consolidated Statements of Income for the years ended Dec. 31, 2010, 2009 and 2007. Consolidated Statements of Cash Flows for the years ended Dec. 31, 2010, 2009 and 2008. Consolidated Statements of Stockholder's Equity for the three years ended Dec. 31, 2010, 2009 and 2008. Notes to Consolidated Financial Statements. (b) Exhibits: 1.1 Resolution of the Board of Directors of IDS Life Insurance Company establishing the IDS Life Variable Account 10 dated August 23, 1995, filed electronically as Exhibit 1 to Registrant's Initial Registration Statement No. 33-62407 is incorporated herein by reference. 1.2 Resolution of the Board of Directors of IDS Life Insurance Company establishing 105 additional subaccounts within the separate account, filed electronically as Exhibit 1.2 to Pre-Effective Amendment No. 1 to Registration Statement No. 333-79311 filed on or about Aug. 10, 1999, is incorporated herein by reference. 1.3 Resolution of the Board of Directors of IDS life Insurance Company establishing 25 additional subaccounts within the separate account, filed electronically as Exhibit 1.3 to Registrant's Post-Effective Amendment No. 2 to Registration Statement No. 333-79311, is incorporated herein by reference. 1.4 Resolution of the Board of Directors of IDS Life Insurance Company establishing 12 additional subaccounts within the separate account, filed electronically as Exhibit 1.3 to Registrant's Post-Effective Amendment No. 3 to Registration Statement No. 333-79311, is incorporated herein by reference. 1.5 Resolution of the Board of Directors of IDS Life Insurance Company establishing 69 additional subaccounts within the separate account, filed electronically as Exhibit 1.5 to Registrant's Post-Effective Amendment No. 6 to Registration Statement No. 333-79311, is incorporated herein by reference. 1.6 Resolution of the Board of Directors of IDS Life Insurance Company establishing 112 additional subaccounts within the separate account, dated Feb. 11, 2002, filed electronically as Exhibit 1.6 to Registrant's Post-Effective Amendment No. 8 to Registration Statement No. 333-79311, is incorporated herein by reference. 1.7 Resolution of the Board of Directors of IDS Life Insurance Company establishing 3 additional subaccounts within the separate account, dated Feb. 28, 2002, filed electronically as Exhibit 1.7 to Registrant's Post-Effective Amendment No. 10 to Registration Statement No. 333-79311, is incorporated herein by reference. 1.8 Resolution of the Board of Directors of IDS Life Insurance Company establishing 8 additional subaccounts within the separate account, dated January 6, 2004, filed electronically as Exhibit 1.8 to Registrant's Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 1.9 Resolution of the Board of Directors of IDS Life Insurance Company establishing 6 additional subaccounts within the separate account, dated August 12, 2004 filed electronically as Exhibit 1.9 to Post-Effective Amendment No. 32 to Registration Statement No. 333-79311 is incorporated by reference. 1.10 Resolution of the Board of Directors of IDS Life Insurance Company establishing an additional subaccount within the separate account, dated April 27, 2005 filed electronically as Exhibit 1.10 to Post-Effective Amendment No. 32 to Registration Statement No. 333-79311 is incorporated by reference. 1.11 Resolution of the Board of Directors establishing 18 additional subaccounts within the separate accounts dated April 12, 2006 filed electronically as Exhibit 1.11 to Registrant's Post-Effective Amendment No. 39 to Registration Statement No. 333-79311 is incorporated by reference. 1.12 Unanimous Written Consent of the Board of Directors In Lieu of a Meeting for IDS Life Insurance Company, adopted December 8, 2006 for the Re-designation of the Separate Accounts to Reflect Entity Consolidation and Rebranding filed electronically as Exhibit 27(a)(6) to Post-Effective Amendment No. 28 to Registration Statement No. 333-69777 is incorporated by reference. 1.13 Resolution of the Board of Directors of RiverSource Life Insurance Company establishing 988 additional subaccounts within the separate accounts dated April 6, 2011 is filed electronically herewith. 2. Not applicable. 3. Form of Principal Underwriter Agreement for RiverSource Life Insurance Company Variable Annuities and Variable Life Insurance filed electronically as Exhibit 3.1 to the Initial Registration Statement on Form N-4 for RiverSource Variable Annuity Account (previously American Enterprise Variable Annuity Account), RiverSource Signature(SM) Select Variable Annuity and RiverSource Signature(SM) Variable Annuity, on or about Jan. 2, 2007, is incorporated by reference. 4.1 Form of Deferred Annuity Contract for non-qualified contracts (form 31043) filed electronically as Exhibit 4.1 to Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by reference. 4.2 Form of Deferred Annuity Contract for tax qualified contracts (form 31044) filed electronically as Exhibit 4.2 to Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by reference. 4.3 Form of Deferred Annuity Contract for IRA contracts (form 31045-IRA) filed electronically as Exhibit 4.3 to Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by reference. 4.4 Form of Deferred Annuity Contract for non-qualified contracts (form 31046) filed electronically as Exhibit 4.4 to Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by reference. 4.5 Form of Deferred Annuity Contract for tax qualified contracts (form 31047) filed electronically as Exhibit 4.5 to Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by reference. 4.6 Form of Deferred Annuity Contract for IRA contracts (form 31048-IRA) filed electronically as Exhibit 4.6 to Registrant's Initial Registration Statement No. 333-79311, filed on or about May 26, 1999, is incorporated herein by reference. 4.7 Form of TSA Endorsement (form 31049), filed electronically as Exhibit 4.7 to Pre-Effective Amendment No. 1 to Registration Statement No. 333-79311 filed on or about Aug. 10, 1999 is incorporated herein by reference. 4.8 Form of Maximum Anniversary Value Death Benefit Rider, filed electronically as Exhibit 4.8 to Post-Effective Amendment No. 4 to Registration Statement No. 333-79311, is incorporated herein by reference. 4.9 Form of Enhanced Earnings Death Benefit Rider, filed electronically as Exhibit 4.9 to Post-Effective Amendment No. 4 to Registration Statement No. 333-79311, is incorporated herein by reference. 4.10 Form of Enhanced Earnings Plus Death Benefit Rider, filed electronically as Exhibit 4.10 to Post-Effective Amendment No. 4 to Registration Statement No. 333-79311, is incorporated herein by reference. 4.11 Form of Traditional IRA or SEP-IRA Annuity Endorsement (form 131061) filed electronically as Exhibit 4.11 to Post-Effective Amendment No. 14 to Registration Statement No. 333-79311, is incorporated herein by reference. 4.12 Form of Roth IRA Annuity Endorsement (form 131062) filed electronically as Exhibit 4.12 to Post-Effective Amendment No. 14 to Registration Statement No. 333-79311, is incorporated herein by reference. 4.13 Form of SIMPLE IRA Annuity Endorsement (form 131063) filed electronically as Exhibit 4.13 to Post-Effective Amendment No. 14 to Registration Statement No. 333-79311, is incorporated herein by reference. 4.14 Form of Deferred Annuity Contract for non-qualified contracts (form 131041) filed electronically as Exhibit 4.14 to Post-Effective Amendment No. 14 to Registration Statement No. 333-79311, is incorporated herein by reference. 4.15 Form of Deferred Annuity Contract for Retirement Advisor Advantage Plus (form 1043 A) filed electronically as Exhibit 4.15 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.16 Form of Deferred Annuity Contract for Retirement Advisor Select Plus (form 131041 A) filed electronically as Exhibit 4.16 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.17 Form of Deferred Annuity Contract for RiverSource Retirement Advisor 4 Advantage Variable Annuity (form 131101), filed electronically as Exhibit 4.17 to Post-Effective Amendment No. 40 to Registration Statement No. 333-79311, filed on or about June 5, 2006, is incorporated by reference. 4.18 Form of Deferred Annuity Contract for RiverSource Retirement Advisor 4 Select Variable Annuity (form 131102), filed electronically as Exhibit 4.18 to Post-Effective Amendment No. 40 to Registration Statement No. 333-79311, filed on or about June 5, 2006, is incorporated by reference. 4.19 Form of Deferred Annuity Contract for RiverSource Retirement Advisor 4 Access Variable Annuity (form 131103), filed electronically as Exhibit 4.19 to Post-Effective Amendment No. 40 to Registration Statement No. 333-79311, filed on or about June 5, 2006, is incorporated by reference. 4.20 Form of TSA Endorsement (form 131068), filed electronically as Exhibit 4.17 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.21 Form of Return of Purchase Payments Rider (form 131072), filed electronically as Exhibit 4.18 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.22 Form of Maximum Anniversary Value Death Benefit Rider (form 131031), filed electronically as Exhibit 4.19 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.23 Form of 5-Year Maximum Anniversary Value Death Benefit Rider (form 131071), filed electronically as Exhibit 4.20 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.24 Form of Enhanced Earnings Death Benefit Rider (form 131032 A), filed electronically as Exhibit 4.21 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.25 Form of Enhanced Earnings Plus Death Benefit Rider (form 131033 A), filed electronically as Exhibit 4.22 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.26 Form of 401 (a) Annuity Endorsement (form 131069), filed electronically as Exhibit 4.23 to Post-Effective Amendment No. 21 to Registration Statement No. 333-79311, filed on or about Jan. 23, 2004, is incorporated by reference. 4.27 Form of Guarantee Period Accounts Rider filed electronically as Exhibit 4.24 to Post-Effective Amendment No. 25 to Registration Statement No. 333-79311, filed on or about June 2, 2004, is incorporated by reference. 4.28 Form of Guaranteed Minimum Withdrawal Benefit Rider (form 131034) filed electronically as Exhibit 4.25 to Post-Effective Amendment No. 29 to Registration Statement No. 333-79311, filed on or about Oct. 21, 2004, is incorporated by reference. 4.29 Form of Guaranteed Minimum Accumulation Benefit Rider (GMAB) (form 131035) filed electronically as Exhibit 4.29 to Registrant's Post-Effective Amendment No. 39 to Registration Statement No. 333-79311 is incorporated by reference. 4.30 Form of Portfolio Navigator Model Portfolio Rider (form 131070C) filed electronically as Exhibit 4.30 to Registrant's Post-Effective Amendment No. 39 to Registration Statement No. 333-79311 is incorporated by reference. 4.31 Form of Guaranteed Minimum Lifetime Withdrawal Benefit Rider (Withdrawal Benefit for Life), filed electronically as Exhibit 4.31 to Post-Effective Amendment No. 40 to Registration Statement No. 333-79311, filed on or about June 5, 2006, is incorporated by reference. 4.32 Copy of Company name change endorsement (form 131115) for RiverSource Life Insurance Company, filed electronically as Exhibit 4.32 to Registrant's Post-Effective Amendment No. 41 to Registration Statement No. 333-79311 filed on or about Jan. 2, 2007, is incorporated by reference. 4.33 Form of SecureSource Joint Life rider filed electronically as Exhibit 4.33 to Registrant's Post-Effective Amendment No. 44 to Registration Statement No. 333-79311 is incorporated herein by reference. 4.34 Form of SecureSource Single Life rider filed electronically as Exhibit 4.34 to Registrant's Post-Effective Amendment No. 44 to Registration Statement No. 333-79311 is incorporated herein by reference. 4.35 Form of Guaranteed Minimum Withdrawal Benefit Rider (form 131034-E) filed electronically as Exhibit 4.35 to Registrant's Post-Effective Amendment No. 47 to Registration Statement No. 333-79311 is incorporated herein by reference. 4.36 Form of Deferred Annuity Contract for RAVA 5 Advantage and data pages filed electronically as Exhibit 4.36 to Registrant's Post-Effective Amendment No. 61 to Registration Statement No. 333-79311 is incorporated herein by reference. 4.37 Form of Deferred Annuity Contract for RAVA 5 Select and data pages filed electronically as Exhibit 4.37 to Registrant's Post-Effective Amendment No. 61 to Registration Statement No. 333-79311 is incorporated herein by reference. 4.38 Form of Deferred Annuity Contract for RAVA 5 Access and data pages filed electronically as Exhibit 4.38 to Registrant's Post-Effective Amendment No. 61 to Registration Statement No. 333-79311 is incorporated herein by reference. 4.39 Form of Guarantee Period Accounts Endorsement (form 411272) filed electronically as Exhibit 4.56 to RiverSource Variable Account's Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is incorporated herein by reference. 4.40 Form of Maximum Anniversary Value Death Benefit Rider (form 411278) filed electronically as Exhibit 4.57 to Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is incorporated herein by reference. 4.41 Form of 5-Year Maximum Anniversary Value Death Benefit Rider filed electronically as Exhibit 4.41 to Registrant's Post-Effective Amendment No. 61 to Registration Statement No. 333-79311 is incorporated herein by reference. 4.42 Form of 5% Accumulation Death Benefit Rider (form 411279) filed electronically as Exhibit 4.58 to RiverSource Variable Account's Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is incorporated herein by reference. 4.43 Form of Enhanced Death Benefit Rider (form 411280) filed electronically as Exhibit 4.59 to RiverSource Variable Account's Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is incorporated herein by reference. 4.44 Form of Return of Purchase Payment Death Benefit Rider (form 411277) filed electronically as Exhibit 4.60 to RiverSource Variable Account's Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is incorporated herein by reference. 4.45 Form of Benefit Protector(SM) Death Benefit Rider (form 411281) filed electronically as Exhibit 4.61 to RiverSource Variable Account's Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is incorporated herein by reference. 4.46 Form of Benefit Protector(SM) Plus Death Benefit Rider (form 411282) filed electronically as Exhibit 4.62 to RiverSource Variable Account's Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is incorporated herein by reference. 4.47 Form of Guaranteed Minimum Accumulation Benefit Rider (form 411283) filed electronically as Exhibit 4.63 to RiverSource Variable Account's Post-Effective Amendment No. 10 to Registration Statement No. 333-139763 is incorporated herein by reference. 4.48 Form of Guaranteed Lifetime Withdrawal Benefit Single Life Rider SecureSource Stages 2 Rider filed electronically as Exhibit 4.48 to Registrant's Post-Effective Amendment No. 61 to Registration Statement No. 333-79311 is incorporated herein by reference. 4.49 Form of Guaranteed Lifetime Withdrawal Benefit Joint Life Rider SecureSource Stages 2 Rider filed electronically as Exhibit 4.49 to Registrant's Post-Effective Amendment No. 61 to Registration Statement No. 333-79311 is incorporated herein by reference. 5. Form of Variable Annuity Application (form 31063), filed electronically as Exhibit 5 to Pre-Effective Amendment No. 1 to Registration Statement No. 333-79311 filed on or about Aug. 10, 1999 is incorporated herein by reference. 6.1 Certificate of Incorporation of IDS Life dated July 24, 1957, filed electronically as Exhibit 6.1 to Registrant's Initial Registration Statement No. 33-62407 is incorporated herein by reference. 6.2 Copy of Certificate of Amendment of Certificate of Incorporation of IDS Life Insurance Company dated June 22, 2006, filed electronically as Exhibit 27(f)(1) to Post-Effective Amendment No. 22 to Registration Statement No. 333-44644 is incorporated by reference. 6.3 Copy of Amended and Restated By-Laws of RiverSource Life Insurance Company filed electronically as Exhibit 27(f)(2) to Post-Effective Amendment No. 22 to Registration Statement No. 333-44644 is incorporated by reference. 7. Not applicable. 8.1 Copy of Amended and Restated Participation Agreement dated April 17, 2006, by and among AIM Variable Insurance Funds, AIM Distributors, Inc. American Enterprise Life Insurance Company, American Partners Life Insurance Company, IDS Life Insurance Company, and Ameriprise Financial Services, Inc. filed electronically as Exhibit 27(h) (1) to Post-Effective Amendment No. 28 to Registration Statement No. 333-69777 is incorporated herein by reference. 8.2 Copy of Amended and Restated Participation Agreement dated August 1, 2006, among American Enterprise Life Insurance Company, IDS Life Insurance Company, Ameriprise Financial Services, Inc., AllianceBernstein L.P. and AllianceBernstein Investments, Inc. filed electronically as Exhibit 27(h) (20) to Post-Effective Amendment No. 28 to Registration Statement No. 333-69777 is incorporated herein by reference. 8.3 Copy of Amended and Restated Fund Participation Agreement dated June 1, 2006, by and among American Centurion Life Assurance Company, American Enterprise Life Insurance Company, American Partners Life Insurance Company, IDS Life Insurance Company, IDS Life Insurance Company of New York, Ameriprise Financial Services, Inc. and American Century Investment Services, Inc. filed electronically as Exhibit 27(h)(3) to Post-Effective Amendment No. 22 to Registration Statement No. 333-44644 is incorporated herein by reference. 8.4 Copy of Amended and Restated Participation Agreement dated June 19, 2006, by and among Calvert Variable Series, Inc., Calvert Asset Management Company, Inc., Calvert Distributors, Inc. and IDS Life Insurance Company filed electronically as Exhibit 27(h)(4) to Post-Effective Amendment No. 28 to Registration Statement No. 333-69777 is incorporated herein by reference. 8.5 Copy of Fund Participation Agreement dated May 1, 2006 among American Enterprise Life Insurance Company, IDS Life Insurance Company, Columbia Funds Variable Insurance Trust I, Columbia Management Advisors, LLC and Columbia Management Distributors, Inc. filed electronically as Exhibit 27(h) (22) to Post-Effective Amendment No. 28 to Registration Statement No. 333-69777 is incorporated herein by reference. 8.6 Copy of Amended and Restated Participation Agreement dated May 1, 2006, by and among American Enterprise Life Insurance Company, American Partners Life Insurance Company, IDS Life Insurance Company, Credit Suisse Trust, Credit Suisse Asset Management, LLC. and Credit Suisse Asset Management Securities, Inc. filed electronically as Exhibit 8.6 to Post-Effective Amendment No. 41 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.7 Copy of Fund Participation Agreement dated May 1, 2006, by and among American Enterprise Life Insurance Company, IDS Life Insurance Company, The Dreyfus Corporation, Dreyfus Variable Investment Fund, and Dreyfus Investment Portfolios filed electronically as Exhibit 8.7 to Post-Effective Amendment No. 41 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.8 Copy of Participation Agreement dated May 1, 2006, among Eaton Vance Variable Trust, Eaton Vance Distributors, Inc. and IDS Life Insurance Company filed electronically as Exhibit 8.8 to Post-Effective Amendment No. 41 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.9 Copy of Evergreen Variable Annuity Trust Amended and Restated Participation Agreement dated June 1, 2006, by and among American Enterprise Life Insurance Company, IDS Life Insurance Company and Evergreen Variable Annuity Trust filed electronically as Exhibit 27(h) (6) to Post-Effective Amendment No. 28 to Registration Statement No. 333-69777 is incorporated herein by reference. 8.10 Copy of Amended and Restated Fund Participation Agreement dated January 1, 2007,among Variable Insurance Products Funds, Fidelity Distributors Corporation and RiverSource Life Insurance Co. of New York filed electronically as Exhibit 8.16 to RiverSource of New York Variable Annuity Account 2's Post-Effective Amendment No. 3 to Registration Statement No. 333-139764 on or about April 24, 2008 is incorporated by reference herein. 8.11 Copy of Amended and Restated Participation Agreement by and between Franklin Templeton Variable Insurance Products Trust, Franklin/Templeton Distributors, Inc., American Centurion Life Assurance Company, American Enterprise Life Insurance Company, IDS Life Insurance Company, IDS Life Insurance Company of New York, Ameriprise Financial Services, Inc. (formerly American Express Financial Advisors Inc.), dated August 1, 2005 filed electronically as Exhibit 8.7 to Registrant's Post-Effective Amendment No. 39 to Registration Statement No. 333-79311 is incorporated by reference. 8.12 Copy of Amended and Restated Participation Agreement dated June 9, 2006, by and among American Enterprise Life Insurance Company, IDS Life Insurance Company, Goldman Sachs Variable Insurance Trust and Goldman, Sachs & Co. filed electronically as Exhibit 27(h)(24) to Post Effective Amendment No.28 to Registration Statement No. 333-69777 is incorporated herein by reference. 8.13 Copy of Janus Aspen Series Amended and Restated Fund Participation Agreement dated September 1, 2006, by and among American Enterprise Life Insurance Company, American Partners Life Insurance Company, IDS Life Insurance Company and Janus Aspen Series filed electronically as Exhibit 27(h)(12) to Post-Effective Amendment No. 28 to Registration Statement No. 333-69777 is incorporated herein by reference. 8.14 Copy of Amended and Restated Participation Agreement by and among IDS Life Insurance Company, American Enterprise Life Insurance Company, Ameriprise Financial Services, Inc., Lazard Asset Management Securities LLC, and Lazard Retirement Series, Inc., dated Oct. 16, 2006, filed electronically as Exhibit 8.14 to Post-Effective Amendment No. 42 to Registration Statement No. 333-79311 is incorporated by reference. 8.15 Copy of Fund Participation Agreement dated Jan. 1, 2007, by and among RiverSource Life Insurance Company, RiverSource Distributors, Inc. and Lazard Asset Management Securities LLC and Lazard Retirement Series, Inc. filed electronically as Exhibit 8.15 to Post-Effective Amendment No. 42 to Registration Statement No. 333-79311 is incorporated by reference. 8.16 Copy of Amended and Restated Participation Agreement dated September 1, 2006, by and among IDS Life Insurance Company, Legg Mason Partners Variable Portfolios I, Inc. (formerly Salomon Brothers Variable Series Fund, Inc.), Legg Mason Partners Variable Portfolios II, Inc. (formerly Greenwich Street Series Fund, formerly Smith Barney Series Fund, formerly Smith Barney Shearson Series Fund, formerly Shearson Series Fund), Legg Mason Partners Variable Portfolios III, Inc. (formerly Travelers Series Fund Inc., formerly Smith Barney Travelers Series Fund Inc.) and Legg Mason Investor Services, LLC filed electronically as Exhibit 8.15 to Post-Effective Amendment No. 41 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.17 Copy of Participation Agreement Among MFS Variable Insurance Trust, American Enterprise Life Insurance Company, IDS Life Insurance Company and Massachusetts Financial Services Company, dated June 9, 2006, filed electronically as Exhibit 8.17 to Post-Effective Amendment No. 42 to Registration Statement No. 333-79311 is incorporated by reference. 8.18 Copy of Fund Participation Agreement dated March 2, 2006, by and between Neuberger Berman Advisers Management Trust, Neuberger Berman Management, Inc. and IDS Life Insurance Company filed electronically as Exhibit 8.17 to Post-Effective Amendment No. 41 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.19 Copy of Amended and Restated Fund Participation Agreement dated March 30, 2007, among Oppenheimer Variable Account funds, Oppenheimer Funds, Inc. and RiverSource Life Insurance Company filed electronically as Exhibit 8.4 to RiverSource Variable Annuity Account Post-Effective Amendment No. 2 to Registration Statement No. 333-139760 on or about April 24, 2008 is incorporated by reference herein. 8.20 Copy of Participation Agreement dated March 1, 2006, among IDS Life Insurance Company, PIMCO Variable Insurance Trust and Allianz Global Investors Distributors LLC filed electronically as Exhibit 8.19 to Post-Effective Amendment No. 41 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.21 Copy of Amended and Restated Fund Participation Agreement dated September 1, 2006, among Pioneer Variable Contracts Trust, IDS Life Insurance Company, Pioneer Investment Management, Inc., and Pioneer Funds Distributor, Inc. filed electronically as Exhibit 27(h)(15) to Post-Effective Amendment No. 28 to Registration Statement No. 333-69777 is incorporated herein by reference. 8.22 Copy of Amended and Restated Fund Participation Agreement dated Jan. 1, 2007, among Riversource Life Insurance Company, Putnam Variable Trust and Putnam Retail Management Limited Partnership filed electronically as Exhibit 8.2 to RiverSource Variable Annuity Account's Post-Effective Amendment No. 2 to Registration Statement No. 333-139760 on or about April 24, 2008 is incorporated by reference herein. 8.23 Copy of Participation Agreement dated January 1, 2007, by and among RiverSource Life Insurance Company, RiverSource Life Insurance Co. of New York and RiverSource Distributors, Inc. filed electronically as Exhibit 8.23 to Post-Effective Amendment No. 42 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.24 Copy of Participation Agreement by and among Royce Capital Fund and Royce & Associates, Inc. and RiverSource Life Insurance Company, dated Jan. 1, 2007, filed electronically as Exhibit 8.24 to Post-Effective Amendment No. 42 to Registration Statement No. 333-79311 is incorporated by reference. 8.25 Copy of Amended and Restated Participation Agreement dated May 1, 2006, among The Universal Institutional Funds, Inc., Morgan Stanley Investment Management Inc., Morgan Stanley Distribution, Inc., American Enterprise Life Insurance Company and IDS Life Insurance Company filed electronically as Exhibit 8.24 to Post-Effective Amendment No. 41 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.26 Copy of Amended and Restated Participation Agreement dated October 12, 2006, by and among Third Avenue Variable Series Trust, Third Avenue Management LLC, American Enterprise Life Insurance Company and IDS Life Insurance Company filed electronically as Exhibit 27(h)(18) to Post-Effective Amendment No. 28 to Registration Statement No. 333-69777 is incorporated herein by reference. 8.27 Copy of Amended and Restated Participation Agreement dated May 1, 2006, among Van Kampen Life Investment Trust, Van Kampen Funds Inc., Van Kampen Asset Management, American Enterprise Life Insurance Company and IDS Life Insurance Company filed electronically as Exhibit 8.26 to Post-Effective Amendment No. 41 to Registration Statement No. 333-79311 is incorporated herein by reference. 8.28 Copy of Fund Participation Agreement dated April 2, 2007, RiverSource Life Insurance Company, Wanger Advisors Trust, Columbia Wanger Asset Management, L.P. and Columbia Management Distributors, Inc. filed electronically as Exhibit 8.11 to RiverSource Variable Annuity Account Post-Effective Amendment No. 2 to Registration Statement No. 333-139760 on or about April 24, 2008 is incorporated by reference herein. 8.29 Copy of Participation Agreement by and among Wells Fargo Variable Trust and RiverSource Life Insurance Company and Wells Fargo Funds Distributors, LLC dated Jan. 1, 2007, filed electronically as Exhibit 8.29 to Post-Effective Amendment No. 42 to Registration Statement No. 333-79311 is incorporated by reference. 8.30 Copy of Fund Participation Agreement dated April 24, 2009, by and among RiverSource Life Insurance Company, JPMorgan Insurance Trust, JPMorgan Investment Advisors Inc., J. P. Morgan Investment Management Inc. and JPMorgan Funds Management, Inc., filed electronically as Exhibit 8.30 to Post-Effective Amendment No. 58 to Registration Statement No. 333-79311 is incorporated by reference. 9. Opinion of counsel and consent to its use as the legality of the securities being registered is filed electronically herewith. 10.1 Consent of Independent Registered Public Accounting Firm for RiverSource Retirement Advisor Variable Annuity is filed electronically herewith. 10.2 Consent of Independent Registered Public Accounting Firm for RiverSource Retirement Advisor Advantage Variable Annuity/ Retirement Advisor Select Variable Annuity is filed electronically herewith. 10.3 Consent of Independent Registered Public Accounting Firm for RiverSource Retirement Advisor Advantage Plus Variable Annuity/ RiverSource Retirement Advisor Select Plus Variable Annuity is filed electronically herewith. 10.4 Consent of Independent Registered Public Accounting Firm for RiverSource Retirement Advisor 4 Advantage Variable Annuity/ RiverSource Retirement Advisor 4 Select Variable Annuity/RiverSource Retirement Advisor 4 Access Variable Annuity is filed electronically herewith. 10.5 Consent of Independent Registered Public Accounting Firm for RiverSource RAVA 5 Advantage Variable Annuity/ RiverSource RAVA 5 Select Variable Annuity/RiverSource RAVA 5 Access Variable Annuity is filed electronically herewith. 11. None 12. Not applicable. 13. Power of Attorney to sign Amendment to this Registration Statement dated Dec. 17, 2010 is filed electronically herewith. 14. Not applicable. Item 25. Directors and Officers of the Depositor RiverSource Life Insurance Company
Position and Offices Name Principal Business Address* With Depositor ---- --------------------------- ----------------------------- Gumer Cruz Alvero Director and Executive Vice President - Annuities Brian Joseph McGrane Director, Executive Vice President and Chief Financial Officer Richard T. Moore Secretary Kevin Eugene Palmer Director, Vice President and Chief Actuary Bridget Mary Sperl Director, Executive Vice President - Client Service Jon Stenberg Director William Frederick "Ted" Truscott Director John Robert Woerner Chairman of the Board and President
* The business address is 70100 Ameriprise Financial Center, Minneapolis, MN 55474. Item 26. Persons Controlled by or Under Common Control with the Depositor or Registrant The following list includes the names of major subsidiaries of Ameriprise Financial, Inc.
Jurisdiction of Name of Subsidiary Incorporation ------------------ --------------- Advisory Capital Strategies Group Inc. Minnesota AEXP Affordable Housing LLC Delaware American Enterprise Investment Services Inc. Minnesota American Express Property Casualty Insurance Agency of Pennsylvania, Inc. Pennsylvania Ameriprise Advisor Services, Inc. Michicgan Ameriprise Auto & Home Insurance Agency, Inc. Wisconsin Ameriprise Bank, FSB USA Ameriprise Captive Insurance Company Vermont Ameriprise Capital Trusts I-IV Delaware Ameriprise Certificate Company Delaware Ameriprise Financial Services, Inc. Delaware Ameriprise Holdings, Inc. Delaware Ameriprise India Private Ltd. India Ameriprise Insurance Agency of Massachusetts, Inc. Massachusetts Ameriprise Insurance Agency Wisconsin Ameriprise Trust Company Minnesota AMPF Holding Corporation Michigan AMPF Property Corporation Michigan AMPF Realty Corporation Michigan Brecek & Young Advisors, Inc. California Brecek & Young Financial Group Insurance Agency of Texas, Inc. Texas Brecek & Young Financial Services Group of Montana, Inc. Montana Boston Equity General Partner LLC Delaware 4230 W. Green Oaks, Inc. Michigan IDS Capital Holdings Inc. Minnesota IDS Futures Corporation Minnesota IDS Management Corporation Minnesota IDS Property Casualty Insurance Company Wisconsin Investors Syndicate Development Corporation Nevada J. & W. Seligman & Co. Incorporated New York Kenwood Capital Management LLC (47.7% owned) Delaware Realty Assets Inc. Nebraska RiverSource CDO Seed Investments, LLC Minnesota RiverSource Distributors, Inc. Delaware RiverSource Fund Distributors, Inc. Delaware RiverSource Investments, LLC Minnesota RiverSource Life Insurance Company Minnesota RiverSource Life Insurance Co. of New York New York RiverSource REO 1, LLC Minnesota RiverSource Service Corporation Minnesota RiverSource Services, Inc. Delaware RiverSource Tax Advantaged Investments, Inc. Delaware Securities America Advisors, Inc. Nebraska Securities America Financial Corporation Nebraska Securities America, Inc. Nebraska Seligman Asia, Inc. Delaware Seligman Focus Partners LLC Delaware Seligman Health Partners LLC Delaware Seligman Health Plus Partners LLC Delaware Seligman Partners LLC Delaware Threadneedle Asset Management Holdings SARL England
Item 27. Number of Contract owners As of March 31, 2011 there were 202,819 non-qualified contract owners and 453,389 qualified contract owners. Item 28. Indemnification The amended and restated By-Laws of the depositor provide that the depositor will indemnify, to the fullest extent now or hereafter provided for or permitted by law, each person involved in, or made or threatened to be made a party to, any action, suit, claim or proceeding, whether civil or criminal, including any investigative, administrative, legislative, or other proceeding, and including any action by or in the right of the depositor or any other corporation, or any partnership, joint venture, trust, employee benefit plan, or other enterprise (any such entity, other than the depositor, being hereinafter referred to as an "Enterprise"), and including appeals therein (any such action or process being hereinafter referred to as a "Proceeding"), by reason of the fact that such person, such person's testator or intestate (i) is or was a director or officer of the depositor, or (ii) is or was serving, at the request of the depositor, as a director, officer, or in any other capacity, or any other Enterprise, against any and all judgments, amounts paid in settlement, and expenses, including attorney's fees, actually and reasonably incurred as a result of or in connection with any Proceeding, except as provided below. No indemnification will be made to or on behalf of any such person if a judgment or other final adjudication adverse to such person establishes that such person's acts were committed in bad faith or were the result of active and deliberate dishonesty and were material to the cause of action so adjudicated, or that such person personally gained in fact a financial profit or other advantage to which such person was not legally entitled. In addition, no indemnification will be made with respect to any Proceeding initiated by any such person against the depositor, or a director or officer of the depositor, other than to enforce the terms of this indemnification provision, unless such Proceeding was authorized by the Board of Directors of the depositor. Further, no indemnification will be made with respect to any settlement or compromise of any Proceeding unless and until the depositor has consented to such settlement or compromise. The depositor may, from time to time, with the approval of the Board of Directors, and to the extent authorized, grant rights to indemnification, and to the advancement of expenses, to any employee or agent of the depositor or to any person serving at the request of the depositor as a director or officer, or in any other capacity, of any other Enterprise, to the fullest extent of the provisions with respect to the indemnification and advancement of expenses of directors and officers of the depositor. Insofar as indemnification for liability arising under the Securities Act of 1933 (the "Act") may be permitted to directors, officers and controlling persons of the depositor or the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. Item 29. Principal Underwriter RiverSource Distributors Inc. PRINCIPAL UNDERWRITERS. (a) RiverSource Distributors Inc. acts as principal underwriter, depositor or sponsor for: RiverSource Variable Annuity Account RiverSource Account F RiverSource Variable Annuity Fund A RiverSource Variable Annuity Fund B RiverSource Variable Annuity Account 10 RiverSource Variable Life Separate Account RiverSource Variable Life Account RiverSource of New York Variable Annuity Account 2 RiverSource of New York Account 4 RiverSource of New York Account 8 RiverSource of New York Variable Annuity Account (b) As to each director, officer or partner of the principal underwriter:
Name and Principal Positions and Offices Business Address* with Underwriter ------------------- -------------------------- Lynn Abbott President Gumer C. Alvero Director and Vice President Thomas R. Moore Secretary David K. Stewart Chief Financial Officer William F. Truscott Chairman of the Board and Chief Executive officer John R. Woerner Director and Vice President
* Business address is: 50611 Ameriprise Financial Center, Minneapolis, MN 55474 (c) RiverSource Distributors Inc., the principal underwriter during Registrant's last fiscal year, was paid the following commissions:
NAME OF NET UNDERWRITING PRINCIPAL DISCOUNTS AND COMPENSATION ON BROKERAGE UNDERWRITER COMMISSIONS REDEMPTION COMMISSIONS COMPENSATION ----------- ---------------- --------------- ----------- ------------ RiverSource $391,347,519 None None None Distributors,Inc.
Item 30. Location of Accounts and Records RiverSource Life Insurance Company 70100 Ameriprise Financial Center Minneapolis, MN 55474 Item 31. Management Services Not applicable. Item 32. Undertakings (a) Registrant undertakes to file a post-effective amendment to this registration statement as frequently as is necessary to ensure that the audited financial statements in the registration statement are never more than 16 months old for so long as payments under the variable annuity contracts may be accepted. (b) Registrant undertakes to include either (1) as part of any application to purchase a contract offered by the prospectus, a space that an applicant can check to request a Statement of Additional Information, or (2) a post card or similar written communication affixed to or included in the prospectus that the applicant can remove to send for a Statement of Additional Information. (c) Registrant undertakes to deliver any Statement of Additional Information and any financial statements required to be made available under this Form promptly upon written or oral request. (d) Registrant represents that it is relying upon the no-action assurance given to the American Council of Life Insurance (pub. avail. Nov. 28, 1988). Further, Registrant represents that it has complied with the provisions of paragraphs (1)-(4) of that no-action letter. (e) The sponsoring insurance company represents that the fees and charges deducted under the contract, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the insurance company. SIGNATURES As required by the Securities Act of 1933 and the Investment Company Act of 1940, RiverSource Life Insurance Company, on behalf of the Registrant, certifies that it meets all of the requirements of Securities Act Rule 485(b) for effectiveness of this Amendment to its Registration Statement and has caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Minneapolis, and State of Minnesota, on the 22nd day of April 2011. RIVERSOURCE VARIABLE ACCOUNT 10 (Registrant) By RiverSource Life Insurance Company (Sponsor) By /s/ John R. Woerner* ------------------------------------- John R. Woerner Chairman of the Board and President As required by the Securities Act of 1933, Amendment to this Registration Statement has been signed by the following persons in the capacities indicated on the 22nd day of April, 2011.
Signature Title ------------------------------------- ---------------------------------------- /s/ Gumer C. Alvero* Director and Executive Vice ------------------------------------- President - Annuities Gumer C. Alvero /s/ Richard N. Bush* Senior Vice President - Corporate Tax ------------------------------------ Richard N. Bush /s/ Brian J. McGrane* Director, Executive Vice President and ------------------------------------- Chief Financial Officer Brian J. McGrane /s/ Kevin E. Palmer* Director, Vice President and Chief ------------------------------------- Actuary Kevin E. Palmer
/s/ Bridget M. Sperl* Director and Executive Vice President - ------------------------------------- Client Services Bridget M. Sperl /s/ David K. Stewart* Vice President and Controller ------------------------------------- (Principal Accounting Officer) David K. Stewart /s/ William F. "Ted" Truscott* Director ------------------------------------- William F. "Ted" Truscott /s/ John R. Woerner* Chairman of the Board and President ------------------------------------- John R. Woerner
* Signed pursuant to Power of Attorney dated Dec.17, 2010 filed electronically as Exhibit 13 to Post-Effective Amendment No.64 to Registration Statement No. 333-79311 on or about April 22, 2011, herein, by: /s/ Rodney J. Vessels ------------------------------------- Rodney J. Vessels Assistant General Counsel and Assistant Secretary CONTENTS OF POST-EFFECTIVE AMENDMENT NO. 64 TO REGISTRATION STATEMENT This Post-Effective Amendment is comprised of the following papers and documents: The Cover Page. Part A. The Prospectuses for: RiverSource Retirement Advisor Variable Annuity RiverSource Retirement Advisor Advantage Variable Annuity RiverSource Retirement Advisor Select Variable Annuity RiverSource Retirement Advisor Advantage Plus Variable Annuity RiverSource Retirement Advisor Select Plus Variable Annuity RiverSource Retirement Advisor 4 Advantage Variable Annuity RiverSource Retirement Advisor 4 Select Variable Annuity RiverSource Retirement Advisor 4 Access Variable Annuity RiverSource RAVA 5 Advantage Variable Annuity RiverSource RAVA 5 Select Variable Annuity RiverSource RAVA 5 Access Variable Annuity Part B. Combined Statement of Additional Information and Financial Information. Part C. Other Information. The signatures. Exhibits. Exhibit Index 1.21 Board Resolution of RiverSource Life Insurance Company dated April 6, 2011. 9. Opinion of counsel and consent to its use as to the legality of the securities being registered. 10.1 - 10.5 Consents of Independent Registered Public Accounting Firm. 13. Power of Attorney dated Dec.17, 2010. EX-99.1.21 2 c62470bexv99w1w21.txt EX-99.1.21 SECRETARY'S CERTIFICATE RIVERSOURCE LIFE INSURANCE COMPANY Effective as of December 8, 2006, the Board of Directors of RiverSource Life Insurance Company, by unanimous written consent, approved the following resolutions, which remain in full force and effect: RESOLVED, that the proper officers of the Company are hereby authorized and directed to establish such subaccounts, variable accounts and/or investment divisions within newly-designated separate accounts as they determine to be appropriate; and RESOLVED FURTHER, that the proper officers of the Company are hereby authorized and directed, as they determine to be appropriate and in accordance with applicable laws and regulations, to establish additional subaccounts, variable accounts and/or investment divisions within the newly-designated separate accounts or to remove, consolidate or otherwise modify the subaccounts, variable accounts and/or investment divisions within the newly-designated separate accounts. As Executive Vice President - Annuities of RiverSource Life Insurance Company, I hereby establish, in accordance with the above resolutions and pursuant to authority granted by the Board of Directors, 988 additional subaccounts within the separate account that will invest in the following funds: 10 subaccounts investing in AllianceBernstein VPS Large Cap Growth Portfolio (Class B) 8 subaccounts investing in American Century VP Value, Class II 8 subaccounts investing in Columbia High Yield Fund, Variable Series, Class B 8 subaccounts investing in Columbia Marsico International Opportunities Fund, Variable Series, Class B 3 subaccounts investing in Credit Suisse Trust - U.S. Equity Flex I Portfolio 8 subaccounts investing in Fidelity(R) VIP Contrafund(R) Portfolio Service Class 2 8 subaccounts investing in Fidelity(R) VIP Mid Cap Portfolio Service Class 2 8 subaccounts investing in FTVIPT Franklin Small Cap Value Securities Fund - Class 2 8 subaccounts investing in FTVIPT Mutual Shares Securities Fund - Class 2 8 subaccounts investing in Janus Aspen Series Janus Portfolio: Service Shares 8 subaccounts investing in MFS(R) Utilities Series - Service Class 8 subaccounts investing in Morgan Stanley UIF Mid Cap Growth Portfolio, Class II Shares
10 subaccounts investing in Neuberger Berman Advisers Management Trust Socially Responsive Portfolio (Class S) 8 subaccounts investing in Oppenheimer Global Securities Fund/VA, Service Shares 8 subaccounts investing in Oppenheimer Main Street Small Cap Fund/VA, Service Shares 8 subaccounts investing in PIMCO VIT All Asset Portfolio, Advisor Share Class 5 subaccounts investing in Putnam VT Multi-Cap Growth Fund - Class IB Shares 8 subaccounts investing in RVST Disciplined Asset Allocation Portfolios - Aggressive 8 subaccounts investing in RVST Disciplined Asset Allocation Portfolios - Conservative 8 subaccounts investing in RVST Disciplined Asset Allocation Portfolios - Moderate 8 subaccounts investing in RVST Disciplined Asset Allocation Portfolios - Moderately Aggressive 8 subaccounts investing in RVST Disciplined Asset Allocation Portfolios - Moderately Conservative 8 subaccounts investing in RVST RiverSource Variable Portfolio - Balanced Fund (Class 3) 16 subaccounts investing in RVST RiverSource Variable Portfolio - Cash Management Fund (Class 2) 16 subaccounts investing in RVST RiverSource Variable Portfolio - Diversified Bond Fund (Class 2) 17 subaccounts investing in RVST RiverSource Variable Portfolio - Diversified Equity Income Fund (Class 2) 16 subaccounts investing in RVST RiverSource Variable Portfolio - Dynamic Equity Fund (Class 2) 16 subaccounts investing in RVST RiverSource Variable Portfolio - Global Bond Fund (Class 2) 16 subaccounts investing in RVST RiverSource Variable Portfolio - Global Inflation Protected Securities Fund (Class 2) 16 subaccounts investing in RVST RiverSource Variable Portfolio - High Yield Bond Fund (Class 2)
16 subaccounts investing in RVST RiverSource Variable Portfolio - Income Opportunities Fund (Class 2) 16 subaccounts investing in RVST RiverSource Variable Portfolio - Limited Duration Bond Fund (Class 2) 16 subaccounts investing in RVST RiverSource Variable Portfolio - Mid Cap Growth Fund (Class 2) 16 subaccounts investing in RVST RiverSource Variable Portfolio - Mid Cap Value Fund (Class 2) 8 subaccounts investing in RVST RiverSource Variable Portfolio - S&P 500 Index Fund (Class 3) 16 subaccounts investing in RVST RiverSource Variable Portfolio - Short Duration U.S. Government Fund (Class 2) 16 subaccounts investing in RVST RiverSource Variable Portfolio - Strategic Income Fund (Class 2) 16 subaccounts investing in RVST Seligman Variable Portfolio - Growth Fund (Class 2) 16 subaccounts investing in RVST Seligman Variable Portfolio - Larger-Cap Value Fund (Class 2) 16 subaccounts investing in RVST Seligman Variable Portfolio - Smaller-Cap Value Fund (Class 2) 17 subaccounts investing in RVST Threadneedle Variable Portfolio - Emerging Markets Fund (Class 2) 16 subaccounts investing in RVST Threadneedle Variable Portfolio - International Opportunity Fund (Class 2)
19 subaccounts investing in RVST Variable Portfolio - Aggressive Portfolio (Class 2) 11 subaccounts investing in RVST Variable Portfolio - Aggressive Portfolio (Class 4) 19 subaccounts investing in RVST Variable Portfolio - Conservative Portfolio (Class 2) 11 subaccounts investing in RVST Variable Portfolio - Conservative Portfolio (Class 4) 19 subaccounts investing in RVST Variable Portfolio - Moderate Portfolio (Class 2) 11 subaccounts investing in RVST Variable Portfolio - Moderate Portfolio (Class 4) 19 subaccounts investing in RVST Variable Portfolio - Moderately Aggressive Portfolio (Class 2) 11 subaccounts investing in RVST Variable Portfolio - Moderately Aggressive Portfolio (Class 4) 19 subaccounts investing in RVST Variable Portfolio - Moderately Conservative Portfolio (Class 2) 11 subaccounts investing in RVST Variable Portfolio - Moderately Conservative Portfolio (Class 4) 16 subaccounts investing in RVST Variable Portfolio - AllianceBernstein International Value Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - American Century Diversified Bond Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - American Century Growth Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - Columbia Wanger International Equities Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - Columbia Wanger U.S. Equities Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - Davis New York Venture Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - Eaton Vance Floating-Rate Income Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - Goldman Sachs Mid Cap Value Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - Invesco International Growth Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - J.P. Morgan Core Bond Fund (Class 2)
16 subaccounts investing in RVST Variable Portfolio - Jennison Mid Cap Growth Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - Marsico Growth Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - MFS Value Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - Morgan Stanley Global Real Estate Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - NFJ Dividend Value Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - Partners Small Cap Growth Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - Partners Small Cap Value Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - PIMCO Mortgage-Backed Securities Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - Pyramis(R) International Equity Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - Nuveen Winslow Large Cap Growth Fund (Class 2) 16 subaccounts investing in RVST Variable Portfolio - Wells Fargo Short Duration Government Fund (Class 2) 8 subaccounts investing in Wells Fargo Advantage VT Core Equity Fund - Class 2 8 subaccounts investing in Wells Fargo Advantage VT Opportunity Fund - Class 2 8 subaccounts investing in Wells Fargo Advantage VT Small Cap Growth Fund - Class 2
In accordance with the above resolutions and pursuant to authority granted by the Board of Directors of RiverSource Life Insurance Company, the Unit Investment Trust comprised of RiverSource Variable Account 10 is hereby reconstituted. Received by the Assistant Secretary: /s/ Gumer C. Alvero /s/ Rodney J. Vessels ------------------------------------- ---------------------------------------- Gumer C. Alvero Rodney J. Vessels Date: April 6, 2011 EX-99.9 3 c62470bexv99w9.txt EX-99.9 April 22, 2011 RiverSource Life Insurance Company 70100 Ameriprise Financial Center Minneapolis, MN 55474 Re: RiverSource Variable Account 10 RiverSource Retirement Advisor Variable Annuity RiverSource Retirement Advisor Advantage Variable Annuity RiverSource Retirement Advisor Select Variable Annuity RiverSource Retirement Advisor Advantage Plus Variable Annuity RiverSource Retirement Advisor Select Plus Variable Annuity RiverSource Retirement Advisor 4 Advantage Variable Annuity RiverSource Retirement Advisor 4 Select Variable Annuity RiverSource Retirement Advisor 4 Access Variable Annuity RiverSource RAVA 5 Advantage Variable Annuity RiverSource RAVA 5 Select Variable Annuity RiverSource RAVA 5 Access Variable Annuity File Nos. 333-79311/811-07355 Ladies and Gentlemen: I am familiar with the establishment of the RiverSource Variable Account 10 ("Account"), which is a separate account of RiverSource Life Insurance Company ("Company") established by the Company's Board of Directors according to applicable insurance law. I also am familiar with the above-referenced Registration Statement filed by the Company on behalf of the Account with the Securities and Exchange Commission. I have made such examination of law and examined such documents and records as in my judgment are necessary and appropriate to enable me to give the following opinion: 1. The Company is duly incorporated, validly existing and in good standing under applicable state law and is duly licensed or qualified to do business in each jurisdiction where it transacts business. The Company has all corporate powers required to carry on its business and to issue the contracts. 2. The Account is a validly created and existing separate account of the Company and is duly authorized to issue the securities registered. 3. The contracts issued by the Company, when offered and sold in accordance with the prospectuses contained in the Registration Statement and in compliance with applicable law, will be legally issued and represent binding obligations of its Company in accordance with their terms. I hereby consent to the filing of this opinion as an exhibit to the Registration Statement. Sincerely, /s/ Rodney J. Vessels ------------------------------------- Rodney J. Vessels Assistant General Counsel and Assistant Secretary EX-99.10.1 4 c62470bexv99w10w1.txt EX-99.10.1 Consent of Independent Registered Public Accounting Firm We consent to the reference to our firm under the caption "Independent Registered Public Accounting Firm" in the Statement of Additional Information and to the use of our report dated February 23, 2011 with respect to the consolidated financial statements of RiverSource Life Insurance Company and to the use of our report dated April 22, 2011 with respect to the financial statements of RiverSource Variable Account 10 included in Post-Effective Amendment No. 64 to the Registration Statement (Form N-4, No. 333-79311) for the registration of the RiverSource Retirement Advisor Variable Annuity(R) offered by RiverSource Life Insurance Company. /s/ Ernst & Young LLP Minneapolis, Minnesota April 22, 2011 EX-99.10.2 5 c62470bexv99w10w2.txt EX-99.10.2 Consent of Independent Registered Public Accounting Firm We consent to the reference to our firm under the caption "Independent Registered Public Accounting Firm" in the Statement of Additional Information and to the use of our report dated February 23, 2011 with respect to the consolidated financial statements of RiverSource Life Insurance Company and to the use of our report dated April 22, 2011 with respect to the financial statements of RiverSource Variable Account 10 included in Post-Effective Amendment No. 64 to the Registration Statement (Form N-4, No. 333-79311) for the registration of the RiverSource Retirement Advisor Advantage(R) Variable Annuity and RiverSource Retirement Advisor Select(R) Variable Annuity offered by RiverSource Life Insurance Company. /s/ Ernst & Young LLP Minneapolis, Minnesota April 22, 2011 EX-99.10.3 6 c62470bexv99w10w3.txt EX-99.10.3 Consent of Independent Registered Public Accounting Firm We consent to the reference to our firm under the caption "Independent Registered Public Accounting Firm" in the Statement of Additional Information and to the use of our report dated February 23, 2011 with respect to the consolidated financial statements of RiverSource Life Insurance Company and to the use of our report dated April 22, 2011 with respect to the financial statements of RiverSource Variable Account 10 included in Post-Effective Amendment No. 64 to the Registration Statement (Form N-4, No. 333-79311) for the registration of the RiverSource Retirement Advisor Advantage Plus(R) Variable Annuity and RiverSource Retirement Advisor Select Plus(R) Variable Annuity offered by RiverSource Life Insurance Company. /s/ Ernst & Young LLP Minneapolis, Minnesota April 22, 2011 EX-99.10.4 7 c62470bexv99w10w4.txt EX-99.10.4 Consent of Independent Registered Public Accounting Firm We consent to the reference to our firm under the caption "Independent Registered Public Accounting Firm" in the Statement of Additional Information and to the use of our report dated February 23, 2011 with respect to the consolidated financial statements of RiverSource Life Insurance Company and to the use of our report dated April 22, 2011 with respect to the financial statements of RiverSource Variable Account 10 included in Post-Effective Amendment No. 64 to the Registration Statement (Form N-4, No. 333-79311) for the registration of the RiverSource Retirement Advisor 4 Advantage(R) Variable Annuity, RiverSource Retirement Advisor 4 Select(R) Variable Annuity, and RiverSource Retirement Advisor 4 Access(SM) Variable Annuity offered by RiverSource Life Insurance Company. /s/ Ernst & Young LLP Minneapolis, Minnesota April 22, 2011 EX-99.10.5 8 c62470bexv99w10w5.txt EX-99.10.5 Consent of Independent Registered Public Accounting Firm We consent to the reference to our firm under the caption "Independent Registered Public Accounting Firm" in the Statement of Additional Information and to the use of our report dated February 23, 2011 with respect to the consolidated financial statements of RiverSource Life Insurance Company and to the use of our report dated April 22, 2011 with respect to the financial statements of RiverSource Variable Account 10 included in Post-Effective Amendment No. 64 to the Registration Statement (Form N-4, No. 333-79311) for the registration of the RiverSource (R) RAVA 5 Variable Annuity, RiverSource Retirement Advisor 4 Select(R) RAVA 5 Variable Annuity and RiverSource(R) RAVA 5 Access Variable Annuity offered by RiverSource Life Insurance Company. /s/ Ernst & Young LLP Minneapolis, Minnesota April 22, 2011 EX-99.13 9 c62470bexv99w13.txt EX-99.13 POWER OF ATTORNEY RIVESOURCE LIFE INSURANCE COMPANY Gumer C. Alvero Richard N. Bush Brian J. McGrane Kevin E. Palmer Bridget M. Sperl David K. Stewart William F. "Ted" Truscott John R. Woerner Do hereby jointly and severally authorize Dixie L. Carroll, Scott E. Creutzmann, Chris R. Long, Scott R. Plummer, Christopher O. Petersen, Bruce H. Saul, Tara W. Tilbury, Rodney J. Vessels or Daniel J. Weatherly to sign as their attorneys-in-fact and agents any and all documents (i.e., Registration Statement, pre-effective amendment, post-effective amendment and any application for exemptive relief) on behalf of the registrants reflected in the attached list that have been filed with the Securities and Exchange Commission by RiverSource Life Insurance Company pursuant to the Securities Act of 1933 and/or the Investment Company Act of 1940, as amended, by means of the Security and Exchange Commission's electronic disclosure system known as EDGAR or otherwise; and to the file the same, with any amendments thereto and all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, and do hereby ratify such signatures heretofore made by such persons. It is expressly understood by the undersigned that all to whom this Power of Attorney is presented are hereby authorized to accept a copy, photocopy or facsimile of this authorization with the same validity as the original. This Power of Attorney may be executed in any number of counterpart copies, each of which shall be deemed an original and all of which, together, shall constitute one and the same instrument. IN WITNESS WHEREOF, the undersigned have executed this Power of Attorney for the purpose herein set forth. Dated the 17th day of December, 2010. /s/ Gumer C. Alvero /s/ Bridget M. Sperl ------------------------------------- ---------------------------------------- Gumer C. Alvero Bridget M. Sperl Director and Executive Vice President Director, Executive Vice President - - Annuities Client Services /s/ Richard N. Bush /s/ David K. Stewart ------------------------------------- ---------------------------------------- Richard N. Bush David K. Stewart Senior Vice President - Corporate Tax Vice President and Controller /s/ Brian J. McGrane /s/ William F. "Ted" Truscott ------------------------------------- ---------------------------------------- Brian J. McGrane William F. "Ted" Truscott Director, Executive Vice President Director and Chief Financial Officer /s/ Kevin E. Palmer /s/ John R. Woerner ------------------------------------- ---------------------------------------- Kevin E. Palmer John R. Woerner Director, Vice President and Chief Director, President Actuary RIVERSOURCE LIFE INSURANCE COMPANY REGISTERED VARIABLE ANNUITY/LIFE INSURANCE PRODUCTS
1933 ACT 1940 ACT NO. NO. ---------- --------- RIVERSOURCE VARIABLE ANNUITY ACCOUNT 1 811-07247 Privileged Assets Select Annuity 333-139768 RIVERSOURCE VARIABLE ANNUITY ACCOUNT 811-7195 RiverSource Personal Portfolio Plus 2/RiverSource Personal Portfolio 333-139757 Plus/RiverSource Personal Portfolio RiverSource Preferred Variable Annuity 333-139758 Evergreen Essential Variable Annuity 333-139763 Evergreen New Solutions Variable Annuity 333-139763 Evergreen New Solutions Select Variable Annuity 333-139759 Evergreen Pathways Variable Annuity 333-139759 Evergreen Pathways Select Variable Annuity 333-139759 Evergreen Privilege Variable Annuity 333-139759 RiverSource AccessChoice Select Variable Annuity 333-139759 RiverSource Endeavor Select Variable Annuity 333-139763 RiverSource Endeavor Plus Variable Annuity 333-139759 RiverSource FlexChoice Variable Annuity 333-139759 RiverSource FlexChoice Select Variable Annuity 333-139759 RiverSource Galaxy Premier Variable Annuity 333-139761 RiverSource Innovations Variable Annuity 333-139763 RiverSource Innovations Classic Variable Annuity 333-139763 RiverSource Innovations Classic Select Variable Annuity 333-139763 RiverSource Innovations Select Variable Annuity 333-139763 RiverSource New Solutions Variable Annuity 333-139763 RiverSource Pinnacle Variable Annuity 333-139761 RiverSource Platinum Variable Annuity 333-139760 RiverSource Signature Variable Annuity 333-139762
1933 ACT 1940 ACT NO. NO. ---------- --------- RiverSource Signature One Variable Annuity 333-139762 RiverSource Signature One Select Variable Annuity 333-139762 RiverSource Signature Select Variable Annuity 333-139760 Wells Fargo Advantage Variable Annuity 333-139762 Wells Fargo Advantage Builder Variable Annuity 333-139762 Wells Fargo Advantage Builder Select Variable Annuity 333-139762 Wells Fargo Advantage Choice Select Variable Annuity 333-139759 Wells Fargo Advantage Choice Variable Annuity 333-139759 Wells Fargo Advantage Select Variable Annuity 333-139763 RIVERSOURCE ACCOUNT F 811-2317 RiverSource Variable Retirement & Combination Retirement Annuities 2-73114 RiverSource Employee Benefit Annuity 33-52518 RiverSource Flexible Annuity 33-4173 RiverSource Group Variable Annuity Contract 33-47302 RIVERSOURCE VARIABLE ANNUITY FUND A 811-1653 RiverSource Variable Annuity Fund A 2-29081 RIVERSOURCE VARIABLE ANNUITY FUND B 811-1674 RiverSource Variable Annuity Fund B - Individual 2-29358 RiverSource Variable Annuity Fund B - Group 2-47430 RIVERSOURCE VARIABLE ACCOUNT 10 RiverSource Flexible Portfolio Annuity 33-62407 RiverSource Retirement Advisor Variable Annuity 333-79311 RiverSource Retirement Advisor Variable Annuity - Band 3 333-79311 RiverSource Retirement Advisor Advantage Variable Annuity/RiverSource Retirement Advisor Select Plus Variable Annuity 333-79311 RiverSource Retirement Advisor Advantage Variable Annuity - Band 3 333-79311 RiverSource Retirement Advisor Advantage Plus Variable Annuity/RiverSource Retirement Advisor Select Plus Variable Annuity 333-79311
RiverSource Retirement Advisor 4 Advantage Plus Variable Annuity/RiverSource Retirement Advisor 4 Select Plus Variable Annuity/RiverSource Retirement Advisor 4 Access Variable Annuity 333-79311 RiverSource RAVA 5 Advantage Variable Annuity/RAVA 5 Select Variable Annuity/RAVA 5 Access Variable Annuity 333-79311 RIVERSOURCE ACCOUNT SBS 811-06315 RiverSource Symphony Annuity 33-40779 RIVERSOURCE MVA ACCOUNT N/A Evergreen Essential Variable Annuity 333-139776 Evergreen New Solutions Variable Annuity 333-139776 Evergreen New Solutions Select Variable Annuity 333-139776 Evergreen Pathways Variable Annuity 333-139776 Evergreen Privilege Variable Annuity 333-139776 Evergreen Pathways Select Variable Annuity 333-139776 RiverSource AccessChoice Select Variable Annuity 333-139776 RiverSource Endeavor Select Variable Annuity 333-139776 RiverSource FlexChoice Variable Annuity 333-139776 RiverSource FlexChoice Select Variable Annuity 333-139776 RiverSource Galaxy Premier Variable Annuity 333-139776 RiverSource Innovations Variable Annuity 333-139776 RiverSource Innovations Classic Variable Annuity 333-139776 RiverSource Innovations Classic Select Variable Annuity 333-139776 RiverSource Innovations Select Variable Annuity 333-139776 RiverSource New Solutions Variable Annuity 333-139776 RiverSource Pinnacle Variable Annuity 333-139776 RiverSource Signature Variable Annuity 333-139776 RiverSource Signature One Variable Annuity 333-139776 RiverSource Signature One Select Variable Annuity 333-139776 RiverSource Signature Select Variable Annuity 333-139776
Wells Fargo Advantage Variable Annuity 333-139776 Wells Fargo Advantage Builder Variable Annuity 333-139776 Wells Fargo Advantage Builder Select Variable Annuity 333-139776 Wells Fargo Advantage Choice Select Variable Annuity 333-139776 RIVERSOURCE ACCOUNT MGA N/A RiverSource Guaranteed Term Annuity 333-114888 RiverSource Retirement Advisor Advantage Plus Variable Annuity/RiverSource Retirement Advisor Select Plus Variable Annuity 333-114888 RiverSource Retirement Advisor 4 Advantage Plus Variable Annuity/RiverSource 333-114888 Retirement Advisor 4 Select Plus Variable Annuity/RiverSource Retirement Advisor 4 Access Variable Annuity RiverSource RAVA 5 Advantage Variable Annuity/RAVA 5 Select Variable Annuity/RAVA 5 Access Variable Annuity 333-114888 RiverSource Guaranteed Variable Annuity Contract 33-48701 RIVERSOURCE VARIABLE LIFE SEPARATE ACCOUNT 811-4298 RiverSource Single Premium Variable Life Insurance 333-83456 RiverSource Variable Universal Life IV/RiverSource Variable Universal Life IV - 333-69777 Estate Series RiverSource Variable Second-To-Die Life Insurance 33-62457 RiverSource Variable Universal Life Insurance 33-11165 RiverSource Variable Universal Life III 333-69777 RiverSource Succession Select Variable Life Insurance 33-62457 RiverSource Single Premium Variable Life Insurance Policy 2-97637 RIVERSOURCE VARIABLE LIFE ACCOUNT 811-09515 RiverSource Signature Variable Universal Life Insurance 333-84121 RIVERSOURCE ACCOUNT FOR SMITH BARNEY 811-4652 RiverSource Single Premium Variable Life Insurance Policy 33-5210