Seligman Select Municipal Fund, Inc. Declares September Income Dividend Distribution

NEW YORK--(Business Wire)--
Directors of Seligman Select Municipal Fund, Inc. (NYSE: SEL)
today declared an income dividend of $0.036 per common share. The
dividend will be payable September 22, 2008 to shareholders of record
on September 15, 2008. Common shares of Seligman Select Municipal
Fund, Inc. will be offered "ex-dividend" on September 11, 2008.

Seligman Select Municipal Fund, Inc. is managed by J. & W.
Seligman & Co. Incorporated (JWS), a New York-based investment manager
and advisor, which was founded in 1864. Seligman Advisors, Inc. is the
principal underwriter of the Seligman mutual funds managed by JWS.
Seligman Services, Inc. provides client services to shareholders of
Seligman Select Municipal Fund, Inc. Seligman Advisors, Inc. and
Seligman Services, Inc. are wholly-owned subsidiaries of JWS.

You should consider the investment objectives, risks, charges, and
expenses of the Fund carefully before investing. You can obtain the
Fund's most recent periodic reports and other regulatory filings by
contacting your financial advisor or Seligman Services, Inc. at
800-597-6068. These reports and other filings can also be found on the
Securities and Exchange Commission's EDGAR Database. You should read
these reports and other filings carefully before investing or sending
money.

Seligman Select Municipal Fund, Inc.
Media:
Mary Ann Susco, 212-850-1382
suscom@jwseligman.com
or
Shareholders:
Marco Acosta, 212-850-1333
acostam@jwseligman.com

Copyright Business Wire 2008