SUPPLEMENT DATED NOVEMBER 3, 2008 TO THE PROSPECTUSES
                         OF EACH OF THE FOLLOWING FUNDS:

                 Prospectuses, each dated February 1, 2008, for
         Seligman Core Fixed Income Fund, Inc., Seligman Municipal Fund
  Series, Inc., Seligman Municipal Series Trust, Seligman New Jersey Municipal
            Fund, Inc., Seligman Pennsylvania Municipal Fund Series,
 and Seligman TargetHorizon ETF Portfolios, Inc. (only on behalf of its Seligman
                  TargETFund Core, Seligman TargETFund 2025 and
                            Seligman TargETFund 2035)

                   Prospectuses, each dated March 3, 2008, for
       Seligman Frontier Fund, Inc., and Seligman Global Fund Series, Inc.

                    Prospectuses, each dated May 1, 2008, for
  Seligman Asset Allocation Series, Inc. (other than Seligman Asset Allocation
              Balanced Fund), Seligman Cash Management Fund, Inc.,
         Seligman Capital Fund, Inc., Seligman Common Stock Fund, Inc.,
      Seligman Communications and Information Fund, Inc., Seligman Growth
        Fund, Inc., Seligman High Income Fund Series, Seligman Income and
                    Growth Fund, Inc., Seligman LaSalle Real
            Estate Fund Series, Inc., Seligman Portfolios, Inc., and
                        Seligman Value Fund Series, Inc.

                (each, a "Fund", and collectively, the "Funds").


Today,  November  3,  2008,  each  of  the  Funds  held  a  Special  Meeting  of
Shareholders in New York City (the "Meeting") and announced that shareholders of
each Fund approved a new investment  management  services  agreement between the
Fund and RiverSource Investments, LLC ("RiverSource"), a wholly owned subsidiary
of Ameriprise Financial, Inc., and new subadvisory and delegation agreements (as
applicable to a Fund, or series or portfolio  thereof)  (collectively,  the "New
Agreements").

Although the New Agreements were approved by each Fund's shareholders, as stated
in the Funds' proxy statement,  the effectiveness of shareholder approval of the
New  Agreements  is  contingent  on the  closing of the  acquisition  of J. & W.
Seligman  & Co.  Incorporated  ("Seligman"),  the  Funds'  current  manager,  by
RiverSource (the "Acquisition").  The Acquisition is expected to be completed in
the fourth  quarter.  However,  if the  Acquisition  does not take  place,  then
Seligman will continue as manager of the Funds and the subadvisers of subadvised
Funds will continue as subadvisers  under their  respective  current  agreements
with Seligman, and none of the New Agreements will become effective.

At the Meeting, shareholders of each of the Funds also elected the following ten
directors  or  trustees  to take  office  upon the  closing of the  Acquisition:
Kathleen Blatz, Arne H. Carlson,  Pamela G. Carlton,  Patricia M. Flynn, Anne P.
Jones,  Jeffrey Laikind,  Stephen R. Lewis, Jr., Catherine James Paglia,  Alison
Taunton-Rigby  and  William F.  Truscott  (collectively,  the "New  Directors").
Messrs. Leroy C. Richie and John F. Maher will continue to serve as directors or
trustees of the Funds after the  Acquisition,  which would  result in an overall
increase from ten to 12 directors or trustees of the Funds.  If the  Acquisition
does  not  take  place  for any  reason,  the  size of the  Boards  will  not be
increased,  the New  Directors  will not serve as  directors  or trustees of the
Funds,  and the directors or trustees of the Funds serving prior to the election
of the New  Directors  will  continue to serve as  directors  or trustees of the
Funds.