Seligman Time Horizon/Harvester Series Renamed 'Seligman Asset Allocation Series'

Seligman Time Horizon/Harvester Series Renamed 'Seligman Asset Allocation
Series'
New Names Provide Greater Clarity for Investors

NEW YORK, Jan. 22 /PRNewswire/ -- J. & W. Seligman & Co. Incorporated
announced that Seligman Time Horizon/Harvester Series, a multi-discipline and
multi-manager suite of strategic asset allocation funds, has been renamed
Seligman Asset Allocation Series, Inc. The names of the Funds of the Series
have also been changed.
According to Gary Terpening, product manager for the Funds, the new names
more accurately describe the Funds for prospective investors who seek a
particular diversification strategy keyed to their risk preference and
financial goals. The names of the Funds have been changed as follows:
Former Name New Name

Seligman Time Horizon Seligman Asset Allocation Aggressive
30 Fund Growth Fund

Seligman Time Horizon Seligman Asset Allocation Growth Fund
20 Fund

Seligman Time Horizon Seligman Asset Allocation Moderate
10 Fund Growth Fund

Seligman Harvester Fund Seligman Asset Allocation Balanced
Fund

"Since their inception in 2000, Seligman's lifestyle funds have been an
effective asset-allocation and risk-management solution for financial
advisors, their clients, and 401(k) participants," Mr. Terpening noted.
For the five-year period ending 12/31/2007, the Aggressive Growth Fund,
Growth Fund, and Moderate Growth Fund have each earned first quartile Lipper
rankings. Seligman Asset Allocation Balanced Fund achieved a second quartile
ranking for the same period.
Each of the four Funds within the Seligman Asset Allocation Series invests
in up to 15 underlying Seligman mutual funds, including a number of funds
sub-advised by Wellington Management and LaSalle Investment Management
(Securities), L.P and its Netherlands affiliate. The underlying funds in
aggregate provide broad diversification to small, mid, and large cap stocks,
as well as both growth and value investment styles. This diversification
provides exposure to U.S., international and emerging markets equities,
domestic and global commercial real estate (REITs), and a variety of fixed
income securities.
The allocations for the Funds range from 100% to 55% equity, and are based
on extensive research Seligman has conducted into asset allocation and risk
management for more than a decade.
J. & W. Seligman & Co. Incorporated, a New York-based investment manager
and advisor, was founded in 1864. As well as providing management and advisory
services to institutional clients, the firm and its affiliates provide
individuals with a broad array of investment options, including the US-based
Seligman Group of Funds with more than 60 portfolios. Additionally, Seligman
manages Tri-Continental Corporation, Seligman LaSalle International Real
Estate Fund, and a closed-end municipal bond fund, which are traded on the New
York Stock Exchange. Seligman also manages a range of offshore investments
available exclusively for non-US investors. J. & W. Seligman & Co.
Incorporated has an additional office in Palo Alto, California. Seligman
Advisors, Inc. is the principal underwriter for the Seligman Mutual Funds and
is an affiliate of J. & W. Seligman & Co. Incorporated.
Lipper rankings are based on total return of front-end load funds (or
Class A shares if a fund has multiple front-end load share classes) in the
category (Lipper Multi-Cap Core for all Funds of Seligman Asset Allocation
Series) and exclude all other classes of shares. Lipper considers each share
class to be a fund for purposes of determining its rankings. Results do not
reflect the effect of sales charges. Rankings reflect past performance, which
is not an indication or a guarantee of future results. The Lipper Multi-Cap
Core Funds Average is an average of funds that, by portfolio practice, invest
in a variety of market capitalization ranges without concentrating 75% of
their equity assets in any one market capitalization range over an extended
period of time. For the periods ending December 31, 2007, Seligman Asset
Allocation Moderate Growth Fund ranked 36 out of 157 for the one-year period,
26 out of 121 for the three-year period, 22 out of 90 for the five-year
period, and 33 out of 58 since inception. Seligman Asset Allocation Growth
Fund ranked 26 out of 157 for the one-year period, 14 out of 121 for the
three-year period, 9 out of 90 for the five-year period, and 32 out of 58
since inception. Seligman Asset Allocation Aggressive Growth Fund ranked 19
out of 157 for the one-year period, 8 out of 121 for the three-year period, 4
out of 90 for the five-year period, and 27 out of 58 since inception. Seligman
Asset Allocation Balanced Fund ranked 65 out of 82 for the one-year period, 27
out of 63 for the three-year period, 17 out of 45 for the five-year period,
and 34 out of 36 since inception. The Funds' inception date is 1/10/2000.
Lipper rankings are calculated at month end; as a result, the since inception
ranking information contained herein is calculated for the period 1/31/00 -
12/31/07. Total returns of the Funds as of the most recent month-end will be
made available at www.seligman.com by the seventh business day following that
month-end.
Accordingly, for the periods ending December 31, 2007, for the Seligman
Asset Allocation Moderate Growth Fund, Seligman Asset Allocation Growth Fund,
and Seligman Asset Allocation Aggressive Growth Fund rankings there were 885
classes and 157 funds for the one-year period, 671 classes and 121 funds for
the three-year period, 508 classes and 90 funds for the five-year period, and
296 classes and 58 funds since inception. For the Seligman Asset Allocation
Balanced Fund ranking there were 458 classes and 82 funds for the one-year
period, 340 classes and 63 funds for the three-year period, 240 classes and 45
funds for the five-year period, and 166 classes and 36 funds since inception.
The views and opinions expressed are those of the commentator as of
January, 2008, are provided for general information only, and do not
constitute specific tax, legal, or investment advice to any person. Opinions
estimates, and forecasts may be changed without notice.
The stocks of small- and mid-capitalization companies may be subject to
above-average market-price fluctuations. A portfolio with fewer holdings may
be subject to greater volatility than a portfolio with a greater number of
holdings. The products of technology companies may be subject to severe
competition and rapid obsolescence, and technology stocks may be subject to
greater price fluctuation, government regulation, and limited liquidity as
compared to other investments. There are specific risks associated with global
investing, such as currency fluctuations, foreign taxation, differences in
financial reporting practices, and rapid changes in political and economic
conditions. Because of the special risks associated with investing in
securities of emerging market companies, an investment in Seligman Emerging
Markets Fund or Seligman International Growth Fund should be considered
speculative and not appropriate for individuals who require safety of
principal or stable income from their investments. Investments in real estate
securities may be subject to specific risks, such as risks to general and
local economic conditions, and risks related to individual properties. Fixed
income securities are subject to interest rate risk, credit risk, prepayment
risk, and market risk. High-yield securities are subject to a greater risk of
loss of principal and interest than higher-rated, investment grade fixed
income securities.
Investment in the Funds of Seligman Asset Allocation Series involve risks,
including the possible loss of principal. Investors should consider the
investment objectives, risks, charges and expenses of the Funds carefully
before investing. The prospectus, which contains information about these
factors and other important information, should be read carefully before
investing. Diversification does not ensure a profit or protect against loss in
a declining market.
Investments in equity securities are subject to risk, including the risk
of loss of your investment. An investor in the Fund will indirectly bear the
operating expenses of the underlying Funds in which it invests. Thus, the
expenses borne by the investor will be higher than if he or she invested
directly in the underlying Funds, and the returns may therefore be lower. To
the extent that the Fund has a substantial percentage of its assets exposed to
an industry or sector through its investment the underlying Funds, that Fund's
performance may be negatively affected if that industry or sector falls out of
favor.
SOURCE J. & W. Seligman & Co. Incorporated

Mary Ann Susco of J. & W. Seligman & Co. Incorporated, +1-212-850-1382,
suscom@jwseligman.com