497 1 c65528de497.txt 497 . . .
Prospectus Supplement dated August 26, 2011* ------------------------------------------ PROSPECTUS FORM # ------------------------------------------ PRODUCT NAME NATIONAL NEW YORK ------------------------------------------------------------------------------------------------------------- EVERGREEN ESSENTIAL VARIABLE ANNUITY 45276 R (4/11) ------------------------------------------------------------------------------------------------------------- EVERGREEN NEW SOLUTIONS VARIABLE ANNUITY 45272 R (4/11) ------------------------------------------------------------------------------------------------------------- EVERGREEN NEW SOLUTIONS SELECT VARIABLE ANNUITY 45308 L (4/11) ------------------------------------------------------------------------------------------------------------- EVERGREEN PATHWAYS(SM) VARIABLE ANNUITY 45275 M (4/11) ------------------------------------------------------------------------------------------------------------- EVERGREEN PATHWAYS(SM) SELECT VARIABLE ANNUITY 45309 L (4/11) ------------------------------------------------------------------------------------------------------------- EVERGREEN PRIVILEGE(SM) VARIABLE ANNUITY 45277 M (4/11) ------------------------------------------------------------------------------------------------------------- RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE(R) VARIABLE S-6406 P (4/11) S-6410 L (4/11) ANNUITY/RIVERSOURCE RETIREMENT ADVISOR SELECT(R) VARIABLE ANNUITY ------------------------------------------------------------------------------------------------------------- RIVERSOURCE RETIREMENT ADVISOR 4 ADVANTAGE(R) VARIABLE S-6503 J (4/11) S-6504 J (4/11) ANNUITY/RIVERSOURCE RETIREMENT ADVISOR 4 SELECT(R) VARIABLE ANNUITY/RIVERSOURCE RETIREMENT ADVISOR 4 ACCESS(R) VARIABLE ANNUITY ------------------------------------------------------------------------------------------------------------- RIVERSOURCE(R) RAVA 5 ADVANTAGE VARIABLE ANNUITY/RAVA 5 SELECT 140463 C (4/11) 140464 C (4/11) VARIABLE ANNUITY/RAVA 5 ACCESS VARIABLE ANNUITY ------------------------------------------------------------------------------------------------------------- RIVERSOURCE(R) NEW SOLUTIONS VARIABLE ANNUITY 240355 R (4/11) ------------------------------------------------------------------------------------------------------------- RIVERSOURCE(R) BUILDER SELECT VARIABLE ANNUITY 45303 M (4/11) ------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE(R) VARIABLE ANNUITY 44223 T (4/11) ------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE(R) BUILDER VARIABLE ANNUITY 44224 T (4/11) ------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE CHOICE(SM) VARIABLE ANNUITY 45270 M (4/11) ------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE CHOICE(SM) SELECT VARIABLE ANNUITY 45305 L (4/11) ------------------------------------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE(R) SELECT VARIABLE ANNUITY 45302 L (4/11) ------------------------------------------------------------------------------------------------------------- RIVERSOURCE(R) VARIABLE UNIVERSAL LIFE IV/RIVERSOURCE(R) S-6418 N (4/11) S-6419 P (4/11) VARIABLE UNIVERSAL LIFE IV -- ESTATE SERIES ------------------------------------------------------------------------------------------------------------- RIVERSOURCE(R) VARIABLE UNIVERSAL LIFE INSURANCE S-6194 AM (4/11) S-6171 AN (4/11) ------------------------------------------------------------------------------------------------------------- RIVERSOURCE(R) VARIABLE UNIVERSAL LIFE III S-6189 AD (4/11) ------------------------------------------------------------------------------------------------------------- RIVERSOURCE SUCCESSION SELECT(R) VARIABLE LIFE INSURANCE S-6202 P (4/11) S-6203 N (4/11) -------------------------------------------------------------------------------------------------------------
This supplement describes proposed changes to certain investment options offered under certain variable life insurance policies and variable annuity contracts (the "Contracts"). Please retain this supplement with your Prospectus for future reference. I. For RiverSource New Solutions Variable Annuity contracts, effective on or about August 26, 2011, Wells Fargo Advantage VT Core Equity Fund -- Class 1 will merge into Wells Fargo Advantage VT Opportunity Fund -- Class 1 (Acquiring Fund). Upon the merger, Wells Fargo Advantage VT Opportunity Fund -- Class 1 will be added as an investment option under your contract. The following information has been added to the table under "Expense Summary -- Annual Operating Expenses of the Funds" section of the prospectus. The Pro forma expense table shows you what the total annual fund operating expenses would have been for the Acquiring Fund for the twelve-month period ended December 31, 2010, assuming the merger had taken place at the beginning of that period. TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND (Pro Forma) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
---------------------------------------------------------------------------------------------- ACQUIRED GROSS MANAGE- FUND TOTAL MENT 12B-1 OTHER FEES AND ANNUAL FEES FEES EXPENSES EXPENSES EXPENSES ---------------------------------------------------------------------------------------------- Wells Fargo Advantage VT Opportunity Fund -- Class 1 0.65% 0.00% 0.20% 0.01% 0.86%(7) ----------------------------------------------------------------------------------------------
(7) Expenses have been adjusted as necessary from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses. Funds Management has committed from the date of the merger 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 0.75%. After this time, the total annual Fund operating expenses after fee waiver may be increased or the commitment to maintain the same may be terminated only with the approval of the Board of Trustees. THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE. -------------------------------------------------------------------------------- 140463-3 A (8/11) 1 * Valid until next prospectus update. The following information has been added to the table under "The Variable Account and the Funds" section of the prospectus:
------------------------------------------------------------------------------------------------------ FUND NAME INVESTMENT OBJECTIVE AND POLICIES ------------------------------------------------------------------------------------------------------ Wells Fargo Advantage VT Seeks long-term capital appreciation. Opportunity Fund -- Class 1 ------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------ FUND NAME INVESTMENT ADVISER ------------------------------------------------------------------------------------------------------ Wells Fargo Advantage VT Wells Fargo Funds Management, LLC, adviser; Wells Opportunity Fund -- Class 1 Capital Management Inc., sub-adviser. ------------------------------------------------------------------------------------------------------
II. Effective on or about August 26, 2011, Wells Fargo Advantage VT Core Equity Fund -- Class 2 will merge into Wells Fargo Advantage VT Opportunity Fund -- Class 2 (Acquiring Fund). The following information has been added to the table under "Expense Summary -- Annual Operating Expenses of the Funds" section of the prospectus. The Pro forma expense table shows you what the total annual fund operating expenses would have been for the Acquiring Fund for the twelve-month period ended December 31, 2010, assuming the merger had taken place at the beginning of that period. TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND (Pro Forma) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
---------------------------------------------------------------------------------------------- ACQUIRED GROSS MANAGE- FUND TOTAL MENT 12B-1 OTHER FEES AND ANNUAL FEES FEES EXPENSES EXPENSES EXPENSES ---------------------------------------------------------------------------------------------- Wells Fargo Advantage VT Opportunity Fund -- Class 2 0.65% 0.25% 0.20% 0.01% 1.11%(1) ----------------------------------------------------------------------------------------------
(1) Expenses have been adjusted as necessary from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses. Funds Management has committed from the date of the merger 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%. After this time, the total annual fund operating expenses after fee waiver may be increased or the commitment to maintain the same may be terminated only with the approval of the Board of Trustees. III. For Evergreen Essential Variable Annuity, Evergreen New Solutions Variable Annuity, Evergreen New Solutions Select Variable Annuity, Evergreen Pathways Variable Annuity, Evergreen Pathways Select Variable Annuity, Evergreen Privilege Variable Annuity, RiverSource Builder Select Variable Annuity, Wells Fargo Advantage Variable Annuity, Wells Fargo Advantage Builder Variable Annuity, Wells Fargo Advantage Choice Variable Annuity, Wells Fargo Advantage Choice Select Variable Annuity, and Wells Fargo Advantage Select Variable Annuity, upon merger, Wells Fargo Advantage VT Opportunity Fund -- Class 2 (Acquiring Fund) will be added as an investment option under your contract. The following information has been added to the table under "Expense Summary -- Annual Operating Expenses of the Funds" section of the prospectus. The Pro forma expense table shows you what the total annual fund operating expenses would have been for the Acquiring Fund for the twelve-month period ended December 31, 2010, assuming the merger had taken place at the beginning of that period. TOTAL ANNUAL OPERATING EXPENSES FOR EACH FUND (Pro Forma) (Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
---------------------------------------------------------------------------------------------- ACQUIRED GROSS MANAGE- FUND TOTAL MENT 12B-1 OTHER FEES AND ANNUAL FEES FEES EXPENSES EXPENSES EXPENSES ---------------------------------------------------------------------------------------------- Wells Fargo Advantage VT Opportunity Fund -- Class 2 0.65% 0.25% 0.20% 0.01% 1.11%(1) ----------------------------------------------------------------------------------------------
(1) Expenses have been adjusted as necessary from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses. Funds Management has committed from the date of the merger 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%. After this time, the total annual Fund operating expenses after fee waiver may be increased or the commitment to maintain the same may be terminated only with the approval of the Board of Trustees. The following information has been added to the table under "The Variable Account and the Funds" section of the prospectus:
------------------------------------------------------------------------------------------------------ FUND NAME INVESTMENT OBJECTIVE AND POLICIES ------------------------------------------------------------------------------------------------------ Wells Fargo Advantage VT Opportunity Fund -- Class Seeks long-term capital appreciation. 2 ------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------ FUND NAME INVESTMENT ADVISER ------------------------------------------------------------------------------------------------------ Wells Fargo Advantage VT Opportunity Fund -- Class Wells Fargo Funds Management, LLC, adviser; Wells 2 Capital Management Inc., sub-adviser. ------------------------------------------------------------------------------------------------------
THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE. -------------------------------------------------------------------------------- 140463-3 A (8/11) 2