FUND PARTICIPATION AGREEMENT
THIS AGREEMENT, made as of the 2nd day of March, 2006, by and between
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XXXXXXXXX XXXXXX ADVISERS MANAGEMENT TRUST ("TRUST"), XXXXXXXXX XXXXXX
MANAGEMENT INC. ("NB MANAGEMENT"), a New York corporation, and IDS LIFE
INSURANCE COMPANY ("LIFE COMPANY"), a life insurance company organized under
the laws of the State of Minnesota.
WHEREAS, TRUST is registered with the Securities and Exchange Commission
("SEC") under the Investment Company Act of 1940, as amended ("40 Act") as an
open-end, diversified management investment company; and
WHEREAS, TRUST is organized as a series fund comprised of several
portfolios ("Portfolios"), the currently available of which are listed on
Appendix A hereto; and
WHEREAS, TRUST was organized to act as the funding vehicle for certain
variable life insurance and/or variable annuity contracts ("Variable
Contracts") offered by life insurance companies through separate accounts of
such life insurance companies ("Participating Insurance Companies") and also
offers its shares to certain qualified pension and retirement plans; and
WHEREAS, TRUST has received an order from the SEC, dated May 5,1995
(File No. 812-9164), granting Participating Insurance Companies and their
separate accounts exemptions from the provisions of Sections 9(a), 13(a),
15(a) and 15(b) of the '40 Act, and Rules 6e-2(b)(15) and 6e-3(T)(b)(15)
thereunder, to the extent necessary to permit shares of the Portfolios of the
TRUST to be sold to and held by variable annuity and variable life insurance
separate accounts of both affiliated and unaffiliated life insurance companies
and certain qualified pension and retirement plans (the "Order"); and
WHEREAS, LIFE COMPANY has established or will establish one or more
separate accounts ("Separate Accounts") to offer Variable Contracts and is
desirous of having TRUST as one of the underlying funding vehicles for such
Variable Contracts; and
WHEREAS, NB MANAGEMENT is registered with the SEC as an investment
adviser under the Investment Advisers Act of 1940 and as a broker-dealer under
the Securities Exchange Act of 1934, as amended; and
WHEREAS, NB MANAGEMENT is the investment manager and administrator of
the Portfolios of the Trust and distributor of the shares of each Portfolio of
TRUST; and
WHEREAS, to the extent permitted by applicable insurance laws and
regulations, LIFE COMPANY intends to purchase shares of TRUST to fund the
aforementioned Variable Contracts and TRUST is authorized to sell such shares
to LIFE COMPANY at net asset value;
NOW, THEREFORE, in consideration of their mutual promises, LIFE COMPANY,
TRUST, and NB MANAGEMENT agree as follows:
Article I. SALE OF TRUST SHARES
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1.1 TRUST agrees to make available to the Separate Accounts of LIFE
COMPANY as listed in Appendix B shares of the selected Portfolios as listed in
Appendix A for investment of proceeds from Variable Contracts allocated to the
designated Separate Accounts, such shares to be offered as provided in TRUST's
Prospectus.
1.2 TRUST agrees to sell to LIFE COMPANY those shares of the selected
Portfolios of TRUST which LIFE COMPANY orders, executing such orders on a
daily basis at the net asset value next computed after receipt by TRUST or its
designee of the order for the shares of TRUST. For purposes of this Section
1.2, LIFE COMPANY shall be the designee of TRUST for receipt of such orders
from LIFE COMPANY and receipt by such designee shall constitute receipt by
TRUST; provided that TRUST receives notice of such order by 9:30 a.m. New York
Time on the next following Business Day. "Business Day" shall mean any day on
which the New York Stock Exchange is open for trading and on which TRUST
calculates its net asset value pursuant to the rules of the SEC.
1.3 TRUST agrees to redeem for cash, on LIFE COMPANY's request, any full
or fractional shares of TRUST held by LIFE COMPANY, executing such requests on
a daily basis at the net asset value next computed after receipt by TRUST or
its designee of the request for redemption. For purposes of this Section 1.3,
LIFE COMPANY shall be the designee of TRUST for receipt of requests for
redemption from LIFE COMPANY and receipt by such designee shall constitute
receipt by TRUST; provided that TRUST receives notice of such request for
redemption by 9:30 a.m. New York time on the next following Business Day.
1.4 TRUST shall furnish, on or before the ex-dividend date, notice to
LIFE COMPANY of any income dividends or capital gain distributions payable on
the shares of any Portfolio of TRUST. LIFE COMPANY hereby elects to receive
all such income dividends and capital gain distributions as are payable on a
Portfolio's shares in additional shares of the Portfolio. TRUST shall notify
LIFE COMPANY of the number of shares so issued as payment of such dividends
and distributions. LIFE COMPANY reserves the right to revoke this election by
written notice to the Trust.
1.5 TRUST shall make the net asset value per share for the selected
Portfolio(s) available to LIFE COMPANY on a daily basis as soon as reasonably
practicable after the net asset value per share is calculated but shall use
its best efforts to make such net asset value available by 6:30 p.m. New York
time. If TRUST provides LIFE COMPANY with materially incorrect share net asset
value information through no fault of LIFE COMPANY, LIFE COMPANY on behalf of
the Separate Accounts, shall be entitled to an adjustment to the number of
shares purchased or redeemed to reflect the correct share net asset value. Any
material error (determined in accordance with SEC guidelines) in the
calculation of net asset value per share, dividend or capital gain information
shall be reported promptly upon discovery to LIFE COMPANY. In the event that
such material error is the result of the Trust's (or its designated agents)
gross negligence,
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the Trust shall also be responsible for any of LIFE COMPANY's administrative
or other costs or losses incurred in correcting Variable Contract Owner
accounts.
1.6 At the end of each Business Day, LIFE COMPANY shall use the
information described in Section 1.5 to calculate Separate Account unit values
for the day. Using these unit values, LIFE COMPANY shall process each such
business day's Separate Account transactions based on requests and premiums
received by it by the time as of which the TRUST calculates its share price as
disclosed in the prospectus for the TRUST to determine the net dollar amount
of TRUST shares which shall be purchased or redeemed at that day's closing net
asset value per share. The net share purchase or redemption orders so
determined shall be transmitted to TRUST by LIFE COMPANY by 9:30 a.m. New York
Time on the Business Day next following LIFE COMPANY's receipt of such
requests and premiums in accordance with the terms of Sections 1.2 and 1.3
hereof.
1.7 If LIFE COMPANY's order requests the net purchase of TRUST shares,
LIFE COMPANY shall pay for such purchase by wiring federal funds to TRUST or
its designated custodial account on the day the order is actually transmitted
by LIFE COMPANY. The TRUST or its designated custodian must receive such wire
no later than the close of the Reserve Bank, which is 6:00 p.m. New York Time.
If LIFE COMPANY's order requests a net redemption resulting in a payment of
redemption proceeds to LIFE COMPANY, TRUST shall wire the redemption proceeds
to LIFE COMPANY on the day the order is actually received by TRUST by 3:00
p.m. New York Time unless doing so would require TRUST to dispose of portfolio
securities or otherwise incur additional costs, but in such event, proceeds
shall be wired to LIFE COMPANY within seven days and TRUST shall notify the
person designated in writing by LIFE COMPANY as the recipient for such notice
of such delay by 3:00 p.m. New York Time the same business day that LIFE
COMPANY transmits the redemption order to TRUST. If LIFE COMPANY's order
requests the application of redemption proceeds from the redemption of shares
to the purchase of shares of another fund administered or distributed by NB
MANAGEMENT, TRUST shall so apply such proceeds on the same Business Day that
LIFE COMPANY transmits such order to TRUST.
1.8 Notwithstanding Section 1.7, TRUST reserves the right to suspend the
right of redemption or postpone the date of payment or satisfaction upon
redemption consistent with Section 22(e) of the 40 Act and any rules
thereunder.
1.9 TRUST agrees that all shares of the Portfolios of TRUST will be sold
only to Participating Insurance Companies which have agreed to participate in
TRUST to fund their Separate Accounts and/or to certain qualified pension and
other retirement plans, all in accordance with the requirements of Section
817(h) of the Internal Revenue Code of 1986, as amended ("Code") and Treasury
Regulation 1.817-5. Shares of the Portfolios of TRUST will not be sold
directly to the general public.
1.10 TRUST may refuse to sell shares of any Portfolio to any person, or
suspend or terminate the offering of the shares of any Portfolio if such
action is required by law or by regulatory authorities having jurisdiction or
is, in the sole discretion of the Board of Trustees of TRUST, acting in good
faith and in light of its fiduciary duties under federal and any applicable
state laws, deemed necessary and in the best interests of the shareholders of
such Portfolios.
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Article II. REPRESENTATIONS AND WARRANTIES
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2.1 LIFE COMPANY represents and warrants that it is an insurance company
duly organized and in good standing under the laws of Minnesota and that it
has legally and validly established each Separate Account as a segregated
asset account under such laws, and that as the principal underwriter for the
Variable Contracts, it is registered as a broker-dealer under the Securities
Exchange Act of 1934.
2.2 LIFE COMPANY represents and warrants that it has registered or,
prior to any issuance or sale of the Variable Contracts, will register each
Separate Account as a unit investment trust ("UIT") in accordance with the
provisions of the '40 Act and cause each Separate Account to remain so
registered to serve as a segregated asset account for the Variable Contracts,
unless an exemption from registration is available.
2.3 LIFE COMPANY represents and warrants that the Variable Contracts
will be registered under the Securities Act of 1933 (the "`33 Act") unless an
exemption from registration is available prior to any issuance or sale of the
Variable Contracts and that the Variable Contracts will be issued and sold in
compliance in all material respects with all applicable federal and state
laws..
2.4 LIFE COMPANY represents and warrants that the Variable Contracts are
currently and at the time of issuance will be treated as life insurance,
endowment or annuity contracts under applicable provisions of the Code, that
it will maintain such treatment and that it will notify TRUST immediately upon
having a reasonable basis for believing that the Variable Contracts have
ceased to be so treated or that they might not be so treated in the future.
2.5 LIFE COMPANY represents and warrants that it shall deliver such
prospectuses, statements of additional information, proxy statements and
periodic reports of the Trust as required to be delivered under applicable
federal or state law in connection with the offer, sale or acquisition of the
Variable Contracts.
2.6 TRUST represents and warrants that the Portfolio shares offered and
sold pursuant to this Agreement will be registered under the '33 Act and sold
in accordance with all applicable federal and state laws, and TRUST shall be
registered under the '40 Act prior to and at the time of any issuance or sale
of such shares. TRUST shall amend its registration statement under the '33 Act
and the '40 Act from time to time as required in order to effect the
continuous offering of its shares. TRUST shall register and qualify its shares
for sale in accordance with the laws of the various states to the extent
necessary to perform its obligations under this Agreement.
2.7 TRUST represents and warrants that each Portfolio currently
complies, and will continue to comply with the diversification requirements
set forth in Section 817(h) of the Code, and the rules and regulations
thereunder, including without limitation Treasury Regulation 1.817-5 (or any
successor or similar provisions), and will notify LIFE COMPANY immediately
upon having a reasonable basis for believing any Portfolio has ceased to
comply or might not so comply and will immediately take all reasonable steps
to adequately diversify the Portfolio to achieve compliance within the grace
period afforded by Regulation 1.817-5.
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2.8 TRUST represents and warrants that each Portfolio invested in by the
Separate Account is currently qualified as a "regulated investment company"
under Subchapter M of the Code, that it will maintain such qualification under
Subchapter M (or any successor or similar provisions) and will notify LIFE
COMPANY immediately upon having a reasonable basis for believing any Portfolio
has ceased to so qualify or might not so qualify in the future.
2.9 LIFE COMPANY hereby consents to the use by TRUST of the name and
telephone number of LIFE COMPANY and to the reference by TRUST to the
relationship between LIFE COMPANY and TRUST as part of an informational page
on TRUST'S site on the World Wide Web portion of the Internet. LIFE COMPANY'S
consent is conditioned upon the TRUST's compliance with Section 4.2 of this
Agreement.
2.10 The Trust represents that to the extent that it decides to finance
distribution expenses pursuant to Rule 12b-1 under the 1940 Act, it will have
a board of trustees, a majority of whom are not interested persons of the
Trust, to formulate and approve any plan under Rule 12b-1 to finance
distribution expenses.
2.11 The Trust represents that the Trust's investment policies, fees and
expenses are and shall at all times remain in compliance with the laws of the
State of Delaware and the Trust represents that its respective operations are
and shall at all times remain in material compliance with the laws of the
State of Delaware to the extent required to perform this Agreement.
2.12 The Trust represents that it is lawfully organized and validly
existing under the laws of the State of Delaware and that it does and will
comply in all material respects with the 1940 Act.
2.13 NB Management represents and warrants that it is a member in good
standing of the NASD and is registered as a broker-dealer with the SEC. NB
Management further represents that it will sell and distribute the Trust's
share in accordance with the laws of the State of Delaware and any applicable
state and federal securities law.
2.14 The Trust represents and warrants that its directors, officers,
employees dealing with the money and/or securities of the Trust are and shall
continue to be at all times covered by a blanket fidelity bond or similar
coverage for the benefit of the Trust in an amount not less than the minimum
coverage as required by Rule 17g-(1) under the 1940 Act or related provisions
as may be promulgated from time to time. The aforesaid blanket fidelity bond
shall include coverage for larceny and embezzlement and shall be issued by a
reputable bonding company.
2.15 NB Management represents and warrants that it is registered as an
investment adviser and shall remain duly registered under all applicable
federal and state securities laws and that it shall perform its obligations
for the Trust in compliance in all material respects with the laws of the
State of Delaware and any applicable state and federal securities laws.
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2.16 Each party represents and warrants that the execution and delivery
of this Agreement and the consummation of the transactions contemplated herein
have been duly authorized by all necessary corporate, partnership or trust
action, as applicable, by such party, and, when so executed and delivered,
this Agreement will be the valid and binding obligation of such party
enforceable in accordance with its terms.
2.17 LIFE COMPANY represents and warrants that all orders for the
purchase and sale of TRUST shares submitted to the TRUST (or counted by LIFE
COMPANY in submitting a net order under Section 1.6 of the Agreement) for
execution at a price based on the net asset value per share ("NAV") of the
Trust's Portfolios next computed after receipt by LIFE COMPANY on a particular
Business day, will have been received in good order by LIFE COMPANY prior to
the time as of which the TRUST calculates its NAV on that Business Day, as
disclosed in the prospectus for the pertinent Portfolio (the "trading
deadline"), in accordance with Rule 22c-1 under the 1940 Act (subject only to
exceptions as permitted under Rule 22c-1(c) under the 1940 Act, respecting
initial purchase payments on variable annuity contracts, and to the
established administrative procedures of LIFE COMPANY as described under Rule
6e-3(T), paragraph (b)(12)(iii) under the 1940 Act respecting premium
processing for variable life insurance contracts).
2.18 LIFE COMPANY acknowledges the TRUST has adopted policies and
procedures reasonably designed to prevent frequent or excessive purchases,
exchanges and redemptions of the shares of Portfolios in quantities great
enough to disrupt orderly management of the corresponding Portfolio's
investment portfolio. These policies are disclosed in the current prospectus
for the Portfolios of the TRUST.
The TRUST and the NB MANAGEMENT acknowledge that LIFE COMPANY, on behalf of
its Separate Accounts, has adopted policies and procedures reasonably designed
to detect and deter frequent transfers of Variable Contract value among the
subaccounts of the Separate Accounts including those investing in Portfolios
of the TRUST which are available as investment options under the Variable
Contracts. These policies and procedures are described in the current
prospectuses of the Accounts through which the Variable Contracts are offered.
The TRUST may consider LIFE COMPANY's policies and procedures pertaining to
frequent transfers of contract value among the subaccounts of its Separate
Accounts including those investing in Portfolios of the TRUST when the TRUST
periodically reviews or amends the TRUST's disruptive trading policies and
procedures from time to time. The TRUST and NB MANAGEMENT may invite comment
from and confer with LIFE COMPANY regarding any proposed policy and procedure
of the TRUST and NB MANAGEMENT pertaining to disruptive trading to determine,
prior to adopting such proposed policy or procedure, LIFE COMPANY's
then-present ability to apply such proposed policy or procedure to owners of
Variable Contracts who allocate Variable Contract value to subaccounts
investing in Portfolios of the TRUST which are available under the Variable
Contracts, including without limitation whether LIFE COMPANY can apply such
proposed policy or procedure without the need to modify its automated data
processing systems or to develop and staff manual systems to accommodate the
implementation of TRUST's proposed policy or procedure.
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LIFE COMPANY will cooperate with the TRUST's and NB MANAGEMENT's reasonable
requests in taking steps to deter and detect such transfers by Variable
Contract owners. Subject to applicable law and the terms of each Contract,
LIFE COMPANY will furnish other information NB MANAGEMENT reasonably requests
regarding frequent transfers by Variable Contract owners among the subaccounts
investing Portfolios available under the Variable Contracts. In compliance
with Rule 22c-2 under the 1940 Act, LIFE COMPANY hereby agrees to (i) provide,
promptly upon request by TRUST, directly or through its agent, the taxpayer
identification number of all Variable Contract owners that purchased,
redeemed, transferred, or exchanged shares of Portfolios of the TRUST held
under a Variable Contract, and the amount and dates of such Variable Contract
owner's purchases, redemptions, transfers, and exchanges involving such
Portfolios; and (ii) execute any instructions from the TRUST, directly or
through its agent, to restrict or prohibit further purchases or exchanges of
shares of the Portfolios by a Variable Contract owner who has been identified
by the TRUST, directly or through its agent, as having engaged in transactions
in Portfolio shares that violate the policies adopted by the TRUST for the
purpose of eliminating or reducing any dilution of the value of the
outstanding shares of the Portfolio. LIFE COMPANY further agrees to either
assess any applicable redemption fee that the TRUST has adopted to curtail
frequent trading, or communicate to the TRUST or its agent any information
necessary for TRUST or its agent to assess such redemption fees directly
against payment of redemption proceeds. If the LIFE COMPANY is required under
Rule 22c-2 under the 1940 Act to implement transaction procedures for its
Separate Accounts in order to effectuate TRUST's procedures for preventing
disruptive trading in the shares of Portfolios, and such implementation will
require LIFE COMPANY to modify its automated data processing systems or to
develop and staff manual systems to accommodate the TRUST's requirements, the
parties shall in good faith negotiate a mutually agreed-upon implementation
schedule.
2.19 LIFE COMPANY will, upon reasonable request, certify to the TRUST
and NB MANAGEMENT that LIFE COMPANY is in compliance with Items 2.17 and/or
2.18 above.
2.20 The parties to this Agreement represent and warrant that they shall
comply with all the applicable laws and regulations designed to prevent money
laundering including without limitation the International Money Laundering
Abatement and Anti-Terrorist Financing Act of 2001 (Title III of the USA
PATRIOT ACT), and if required by such laws or regulations will share
information with each other about individuals, entities, organizations and
countries suspected of possible terrorist or money laundering activities in
accordance with Section 314(b) of the USA PATRIOT ACT.
Article III. PROSPECTUS AND PROXY STATEMENTS
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3.1 TRUST shall prepare and be responsible for filing with the SEC and
any state regulators requiring such filing all shareholder reports, notices,
proxy materials (or similar materials such as voting instruction solicitation
materials), prospectuses and statements of additional information of TRUST.
TRUST shall bear the costs of registration and qualification of shares of the
Portfolios, preparation and filing of the documents listed in this Section 3.1
and all taxes to which an issuer is subject on the issuance and transfer of
its shares.
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3.2 TRUST will bear the printing costs (or duplicating costs with
respect to the statement of additional information) and mailing costs
associated with the delivery of the following TRUST (or individual Portfolio)
documents, and any supplements thereto, to existing Variable Contract owners
of LIFE COMPANY (regardless of whether such documents are printed together
with, or separate from, the documents for other trusts in the Variable
Contracts):
(i) prospectuses and statements of additional information;
(ii) annual and semi-annual reports; and
(iii) proxy materials (including, but not limited to, the proxy
cards, notice and statement, as well as the costs associated
with tabulating votes).
In the event the TRUST initiates (i) a reorganization of the TRUST as
defined by Section 2 of the 1940 Act, or (ii) a change in the name of the
TRUST or a Portfolio,the TRUST or NB MANAGEMENT as they shall determine among
themselves shall reimburse LIFE COMPANY for LIFE COMPANY's internal and
out-of-pocket costs associated with the aforementioned actions. LIFE COMPANY
agrees to use its best efforts to minimize any costs incurred under this
Section and shall provide NB MANAGEMENT with acceptable documentation of any
such costs incurred
LIFE COMPANY will submit any bills for printing, duplicating
and/or mailing costs, relating to the TRUST documents described above, to
TRUST for reimbursement by TRUST. LIFE COMPANY shall monitor such costs and
shall use its reasonable best efforts to control these costs. LIFE COMPANY
will provide TRUST on a semi-annual basis, or more frequently as reasonably
requested by TRUST, with a current tabulation of the number of existing
Variable Contract owners of LIFE COMPANY whose Variable Contract values are
invested in TRUST. This tabulation will be sent to TRUST in the form of a
letter signed by a duly authorized officer of LIFE COMPANY attesting to the
accuracy of the information contained in the letter. If requested by LIFE
COMPANY, the TRUST shall provide such documentation (including a final copy of
the TRUST's prospectus as set in type or in camera-ready copy) and other
assistance as is reasonably necessary in order for LIFE COMPANY to print
together in one document the current prospectus for the Variable Contracts
issued by LIFE COMPANY and the current prospectus for the TRUST. Should LIFE
COMPANY wish to print any of these documents in a format different from that
provided by TRUST, LIFE COMPANY shall provide Trust with sixty (60) days'
prior written notice and LIFE COMPANY shall bear the cost associated with any
format change.
3.3 TRUST will provide, at its expense, LIFE COMPANY with the following
TRUST (or individual Portfolio) documents, and any supplements thereto, with
respect to prospective Variable Contract owners of LIFE COMPANY:
(i) camera-ready copy of the current prospectus for printing by
the LIFE COMPANY;
(ii) a copy of the statement of additional information suitable
for duplication;
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(iii) camera-ready copy of proxy material suitable for printing;
and
(iv) camera-ready copy of the annual and semi-annual reports for
printing by the LIFE COMPANY.
3.4 TRUST will provide LIFE COMPANY with at least one complete copy of
all prospectuses, statements of additional information, annual and semi-annual
reports, proxy statements, exemptive applications and all amendments or
supplements to any of the above that relate to the Portfolios promptly after
the filing of each such document with the SEC or other regulatory authority.
The TRUST will provide written instruction to all Participating Insurance
Companies including LIFE COMPANY each time the TRUST amends or supplements a
Portfolio's current prospectus or statement of additional information
directing the Participating Insurance Companies including LIFE COMPANY as to
whether the amendment or supplement is to be provided (a) immediately to
existing Variable Contract owners who have Variable Contract value allocated
to a Portfolio or (b) is to be held and combined with another TRUST or
Variable Contract related mailing as permitted by applicable federal
securities laws. The TRUST agrees that the instruction it gives LIFE COMPANY
in each instance will be identical to the instruction it provides other
Participating Insurance Companies.
LIFE COMPANY will provide TRUST with at least one complete copy of all
prospectuses, statements of additional information, annual and semi-annual
reports, proxy statements, exemptive applications and all amendments or
supplements to any of the above that relate to a Separate Account promptly
after the filing of each such document with the SEC or other regulatory
authority.
Article IV. SALES MATERIALS; PRIVACY
------------------------
4.1 LIFE COMPANY will furnish, or will cause to be furnished, to TRUST
and NB MANAGEMENT, each piece of sales literature or other promotional
material in which TRUST or NB MANAGEMENT is named, at least five (5) Business
Days prior to its intended use. No such material will be used if TRUST or NB
MANAGEMENT objects to its use in writing within five (5) Business Days after
receipt of such material.
4.2 TRUST and NB MANAGEMENT will furnish, or will cause to be furnished,
to LIFE COMPANY, each piece of sales literature or other promotional material
in which LIFE COMPANY or its Separate Accounts are named, at least five (5)
Business Days prior to its intended use. No such material will be used if LIFE
COMPANY objects to its use in writing within five (5) Business Days after
receipt of such material.
4.3 TRUST and its affiliates and agents shall not give any information
or make any representations on behalf of LIFE COMPANY or concerning LIFE
COMPANY, the Separate Accounts, or the Variable Contracts issued by LIFE
COMPANY, other than the information or representations contained in a
registration statement or prospectus for such Variable Contracts, as such
registration statement and prospectus may be amended or supplemented from time
to time, or in reports of the Separate Accounts or
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reports prepared for distribution to owners of such Variable Contracts, or in
sales literature or other promotional material approved by LIFE COMPANY or its
designee, except with the written permission of LIFE COMPANY.
4.4 LIFE COMPANY and its affiliates and agents shall not give any
information or make any representations on behalf of TRUST or concerning TRUST
other than the information or representations contained in a registration
statement or prospectus for TRUST, as such registration statement and
prospectus may be amended or supplemented from time to time, or in sales
literature or other promotional material approved by TRUST or its designee,
except with the written permission of TRUST.
4.5 For purposes of this Agreement, the phrase "sales literature or
other promotional material" or words of similar import include, without
limitation, advertisements (such as material published, or designed for use,
in a newspaper, magazine or other periodical, radio, television, telephone or
tape recording, videotape display, signs or billboards, motion pictures or
other public media), sales literature (such as any written communication
distributed or made generally available to customers or the public, including
brochures, circulars, research reports, market letters, form letters, seminar
texts, or reprints or excerpts of any other advertisement, sales literature,
or published article), educational or training materials or other
communications distributed or made generally available to some or all agents
or employees, registration statements, prospectuses, statements of additional
information, shareholder reports and proxy materials, and any other material
constituting sales literature or advertising under National Association of
Securities Dealers, Inc. rules, the '40 Act or the '33 Act.
4.6 Subject to law and regulatory authority, each party hereto shall
treat as confidential all information pertaining to the owners of the Variable
Contracts and all information reasonably identified as confidential in writing
by any other party hereto and, except as permitted by this Agreement, shall
not disclose, disseminate or utilize such names and addresses and other
confidential information until such time as it may come into the public domain
without the express written consent of the affected party. Each party hereto
shall be solely responsible for the compliance of their officers, directors,
employees, agents, independent contractors, and any affiliated and
non-affiliated third parties with all applicable privacy-related laws and
regulations including but not limited to the Xxxxx-Xxxxx-Xxxxxx Act and
Regulation S-P. The provisions of this Section 4.6 shall survive the
termination of this Agreement.
Article V. POTENTIAL CONFLICTS
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5.1 The Board of Trustees of TRUST (the "Board") will monitor TRUST for
the existence of any material irreconcilable conflict between the interests of
the Variable Contract owners of Participating Insurance Company Separate
Accounts investing in the TRUST. A material irreconcilable conflict may arise
for a variety of reasons, including: (a) state insurance regulatory authority
action; (b) a change in applicable federal or state insurance, tax, or
securities laws or regulations, or a public ruling, private letter ruling, or
any similar action by insurance, tax, or securities regulatory authorities;
(c) an administrative or judicial decision in any relevant proceeding; (d) the
manner in which the investments of the TRUST are being managed; (e) a
difference in voting instructions given by variable annuity and variable life
insurance contract owners or by contract owners of different Participating
Insurance Companies; or (f) a decision by a Participating Insurance Company to
disregard voting instructions of Variable Contract owners.
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5.2 LIFE COMPANY will report any potential or existing conflicts to the
Board. LIFE COMPANY will be responsible for assisting the Board in carrying
out its responsibilities under the Conditions set forth in the notice issued
by the SEC for the TRUST on April 12, 1995 (the "Notice") (Investment Company
Act Release No. 21003), by providing the Board with all information reasonably
necessary for it to consider any issues raised. This responsibility includes,
but is not limited to, an obligation by LIFE COMPANY to inform the Board
whenever Variable Contract owner voting instructions are disregarded by LIFE
COMPANY. These responsibilities will be carried out with a view only to the
interests of the Variable Contract owners.
5.3 If a majority of the Board or a majority of its disinterested
trustees determines that a material irreconcilable conflict exists, affecting
the LIFE COMPANY, LIFE COMPANY, at its expense and to the extent reasonably
practicable (as determined by a majority of disinterested trustees), will take
any steps necessary to remedy or eliminate the irreconcilable material
conflict, including: (a) withdrawing the assets allocable to some or all of
the Separate Accounts from the TRUST or any Portfolio thereof and reinvesting
those assets in a different investment medium, which may include another
Portfolio of TRUST or another investment company or submitting the question as
to whether such segregation should be implemented to a vote of all affected
Variable Contract owners and, as appropriate, segregating the assets of any
appropriate group (i.e., Variable Contract owners of one or more Participating
Insurance Companies) that votes in favor of such segregation, or offering to
the affected Variable Contract owners the option of making such a change; and
(b) establishing a new registered management investment company or managed
separate account. If a material irreconcilable conflict arises because of LIFE
COMPANY's decision to disregard Variable Contract owner voting instructions,
and that decision represents a minority position or would preclude a majority
vote, LIFE COMPANY may be required, at the election of the TRUST, to withdraw
its Separate Account's investment in the TRUST, and no charge or penalty will
be imposed as a result of such withdrawal. The responsibility to take such
remedial action shall be carried out with a view only to the interests of the
Variable Contract owners.
For the purposes of this Section 5.3, a majority of the disinterested
members of the Board shall determine whether or not any proposed action
adequately remedies any material irreconcilable conflict, but in no event will
the TRUST or NB MANAGEMENT (or any other investment adviser of the TRUST) be
required to establish a new funding medium for any Variable Contract. Further,
LIFE COMPANY shall not be required by this Section 5.3 to establish a new
funding medium for any Variable Contract if any offer to do so has been
declined by a vote of a majority of Variable Contract owners materially
affected by the irreconcilable material conflict.
5.4 The Board's determination of the existence of a material
irreconcilable conflict and its implications shall be made known promptly and
in writing to LIFE COMPANY.
5.5 No less than annually, LIFE COMPANY shall submit to the Board such
reports, materials or data as the Board may reasonably request so that the
Board may fully carry out the obligations imposed upon it by these Conditions.
Such reports, materials, and data shall be submitted more frequently if deemed
appropriate by the Board.
11
Article VI. VOTING
------
6.1 LIFE COMPANY will provide pass-through voting privileges to all
Variable Contract owners so long as the SEC continues to interpret the '40 Act
as requiring pass-through voting privileges for Variable Contract owners.
Accordingly, LIFE COMPANY, where applicable, will vote shares of TRUST held by
its Separate Accounts in a manner consistent with voting instructions timely
received from its Variable Contract owners. LIFE COMPANY shall vote shares for
which it has not received timely voting instructions, as well as shares it
owns, in the same proportion as it votes those shares for which it has
received voting instructions.
6.2 If and to the extent Rule 6e-2 and Rule 6e-3(T) are amended, or Rule
6e-3 is adopted, to provide exemptive relief from any provision of the '40 Act
or the rules thereunder with respect to mixed and shared funding on terms and
conditions materially different from any exemptions granted in the Order, then
TRUST and/or LIFE COMPANY, as appropriate, shall take such steps as may be
necessary to comply with Rule 6e-2 and Rule 6e-3(T), as amended, and Rule
6e-3, as adopted, to the extent such Rules are applicable.
Article VII. INDEMNIFICATION
---------------
7.1 Indemnification by LIFE COMPANY. LIFE COMPANY agrees to indemnify
-------------------------------
and hold harmless TRUST and NB MANAGEMENT and each of their Trustees,
directors, officers, employees and agents and each person, if any, who
controls TRUST or NB MANAGEMENT within the meaning of Section 15 of the '33
Act (collectively, the "Indemnified Parties" for purposes of this Article VII)
against any and all losses, claims, damages, liabilities (including amounts
paid in settlement with the written consent of LIFE COMPANY, which consent
shall not be unreasonably withheld) or litigation (including legal and other
expenses), to which the Indemnified Parties may become subject under any
statute, regulation, at common law or otherwise, insofar as such losses,
claims, damages, liabilities or expenses (or actions in respect thereof) or
settlements:
(a) arise out of or are based upon any untrue statements or
alleged untrue statements of any material fact contained in
the Registration Statement, prospectus, or sales literature
for the Variable Contracts or contained in the Variable
Contracts (or any amendment or supplement to any of the
foregoing), or arise out of or are based upon the omission
or the alleged omission to state therein a material fact
required to be stated therein or necessary to make the
statements therein not misleading, provided that this
agreement to indemnify shall not apply as to any Indemnified
Party if such statement or omission or such alleged
statement or omission was made in reliance upon and in
conformity with information furnished to LIFE COMPANY by or
on behalf of TRUST for use in the registration statement,
prospectus or sales literature for the Variable Contracts or
in the Variable Contracts (or any amendment or supplement)
or otherwise for use in connection with the sale of the
Variable Contracts or TRUST shares; or
(b) arise out of or as a result of statements or representations
(other than statements or representations contained in the
registration statement, prospectus or sales
12
literature of TRUST not supplied by LIFE COMPANY, or persons
under its control) or wrongful conduct of LIFE COMPANY or
any of its directors, officers, employees or agents, with
respect to the sale or distribution of the Variable
Contracts or TRUST shares; or
(c) arise out of any untrue statement or alleged untrue
statement of a material fact contained in a registration
statement, prospectus, or sales literature of TRUST or any
amendment thereof or supplement thereto or the omission or
alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements
therein not misleading if such statement or omission or such
alleged statement or omission was made in reliance upon and
in conformity with information furnished to TRUST for
inclusion therein by or on behalf of LIFE COMPANY; or
(d) arise as a result of any failure by LIFE COMPANY to
substantially provide the services and furnish the materials
under the terms of this Agreement; or
(e) arise out of or result from any material breach of any
representation and/or warranty made by LIFE COMPANY in this
Agreement or arise out of or result from any other material
breach of this Agreement by LIFE COMPANY.
7.2 LIFE COMPANY shall not be liable under this indemnification
provision with respect to any losses, claims, damages, liabilities or
litigation incurred or assessed against an Indemnified Party as such may arise
from such Indemnified Party's willful misfeasance, bad faith, or gross
negligence in the performance of such Indemnified Party's duties or by reason
of such Indemnified Party's reckless disregard of obligations or duties under
this Agreement or to TRUST, whichever is applicable.
7.3 LIFE COMPANY shall not be liable under this indemnification
provision with respect to any claim made against an Indemnified Party unless
such Indemnified Party shall have notified LIFE COMPANY in writing within a
reasonable time after the summons or other first legal process giving
information of the nature of the claim shall have been served upon such
Indemnified Party (or after such Indemnified Party shall have received notice
of such service on any designated agent), but failure to notify LIFE COMPANY
of any such claim shall not relieve LIFE COMPANY from any liability which it
may have to the Indemnified Party against whom such action is brought
otherwise than on account of this indemnification provision. In case any such
action is brought against an Indemnified Party, LIFE COMPANY shall be entitled
to participate at its own expense in the defense of such action. LIFE COMPANY
also shall be entitled to assume the defense thereof, with counsel reasonably
satisfactory to the party named in the action. After notice from LIFE COMPANY
to such party of LIFE COMPANY's election to assume the defense thereof, the
Indemnified Party shall bear the fees and expenses of any additional counsel
retained by it, and LIFE COMPANY will not be liable to such party under this
Agreement for any legal or other expenses subsequently incurred by such party
independently in connection with the defense thereof other than reasonable
costs of investigation.
13
7.4 Indemnification by NB MANAGEMENT. NB MANAGEMENT agrees to indemnify
--------------------------------
and hold harmless LIFE COMPANY and each of its directors, officers, employees,
and agents and each person, if any, who controls LIFE COMPANY within the
meaning of Section 15 of the '33 Act (collectively, the "Indemnified Parties"
for the purposes of this Article VII) against any and all losses, claims,
damages, liabilities (including amounts paid in settlement with the written
consent of NB MANAGEMENT which consent shall not be unreasonably withheld) or
litigation (including legal and other expenses) to which the Indemnified
Parties may become subject under any statute, or regulation, at common law or
otherwise, insofar as such losses, claims, damages, liabilities or expenses
(or actions in respect thereof) or settlements:
(a) arise out of or are based upon any untrue statement or
alleged untrue statement of any material fact contained in
the registration statement, prospectus or sales literature
of TRUST (or any amendment or supplement to any of the
foregoing), or arise out of or are based upon the omission
or the alleged omission to state therein a material fact
required to be stated therein or necessary to make the
statements therein not misleading, provided that this
agreement to indemnify shall not apply as to any Indemnified
Party if such statement or omission or such alleged
statement or omission was made in reliance upon and in
conformity with information furnished to NB MANAGEMENT or
TRUST by or on behalf of LIFE COMPANY for use in the
registration statement or prospectus for TRUST or in sales
literature (or any amendment or supplement) or otherwise for
use in connection with the sale of the Variable Contracts or
TRUST shares; or
(b) arise out of or as a result of statements or representations
(other than statements or representations contained in the
registration statement, prospectus or sales literature for
the Variable Contracts not supplied by NB MANAGEMENT or
persons under its control) or wrongful conduct of TRUST or
NB MANAGEMENT or persons under their control, with respect
to the sale or distribution of the Variable Contracts or
TRUST shares; or
(c) arise out of any untrue statement or alleged untrue
statement of a material fact contained in a registration
statement, prospectus, or sales literature covering the
Variable Contracts, or any amendment thereof or supplement
thereto, or the omission or alleged omission to state
therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, if
such statement or omission or such alleged statement or
omission was made in reliance upon and in conformity with
information furnished to LIFE COMPANY for inclusion therein
by or on behalf of TRUST; or
(d) arise as a result of (i) a failure by TRUST to substantially
provide the services and furnish the materials under the
terms of this Agreement; or (ii) a failure by a Portfolio(s)
invested in by the Separate Account to comply with the
diversification requirements of Section 817(h) of the Code;
or (iii) a failure by a Portfolio(s) invested in by the
Separate Account to qualify as a "regulated investment
company" under Subchapter M of the Code; or
14
(e) arise out of or result from any material breach of any
representation and/or warranty made by NB MANAGEMENT or
TRUST in this Agreement or arise out of or result from any
other material breach of this Agreement by NB MANAGEMENT or
TRUST.
7.5 NB MANAGEMENT shall not be liable under this indemnification
provision with respect to any losses, claims, damages, liabilities or
litigation to which an Indemnified Party would otherwise be subject by reason
of such Indemnified Party's willful misfeasance, bad faith, or gross
negligence in the performance of such Indemnified Party's duties or by reason
of such Indemnified Party's reckless disregard of obligations and duties under
this Agreement or to LIFE COMPANY.
7.6 NB MANAGEMENT shall not be liable under this indemnification
provision with respect to any claim made against an Indemnified Party unless
such Indemnified Party shall have notified NB MANAGEMENT in writing within a
reasonable time after the summons or other first legal process giving
information of the nature of the claim shall have been served upon such
Indemnified Party (or after such Indemnified Party shall have received notice
of such service on any designated agent), but failure to notify NB MANAGEMENT
of any such claim shall not relieve NB MANAGEMENT from any liability which it
may have to the Indemnified Party against whom such action is brought
otherwise than on account of this indemnification provision. In case any such
action is brought against the Indemnified Parties, NB MANAGEMENT shall be
entitled to participate at its own expense in the defense thereof. NB
MANAGEMENT also shall be entitled to assume the defense thereof, with counsel
reasonably satisfactory to the party named in the action. After notice from NB
MANAGEMENT to such party of NB MANAGEMENT's election to assume the defense
thereof, the Indemnified Party shall bear the fees and expenses of any
additional counsel retained by it, and NB MANAGEMENT will not be liable to
such party under this Agreement for any legal or other expenses subsequently
incurred by such party independently in connection with the defense thereof
other than reasonable costs of investigation.
7.7 The provision of this Article VII shall survive the termination of
this Agreement.
Article VIII. TERM; TERMINATION
-----------------
8.1 This Agreement shall be effective as of the date hereof and shall
continue in force until terminated in accordance with the provisions herein.
8.2 This Agreement shall terminate in accordance with the following
provisions:
(a) At the option of LIFE COMPANY or TRUST at any time from the
date hereof upon 90 days' notice, unless a shorter time is
agreed to by the parties;
(b) At the option of LIFE COMPANY, if TRUST shares are not
reasonably available to meet the requirements of the
Variable Contracts as determined by LIFE COMPANY. Prompt
notice of election to terminate shall be furnished by LIFE
COMPANY, said termination to be effective ten days after
receipt of notice unless
15
TRUST makes available a sufficient number of shares to
reasonably meet the requirements of the Variable Contracts
within said ten-day period;
(c) At the option of LIFE COMPANY, upon the institution of
formal proceedings against TRUST or NB MANAGEMENT by the
SEC, the National Association of Securities Dealers, Inc.,
or any other regulatory body, the expected or anticipated
ruling, judgment or outcome of which would, in LIFE
COMPANY's reasonable judgment, materially impair TRUST's or
NB MANAGEMENT's ability to meet and perform their respective
obligations and duties hereunder. Prompt notice of election
to terminate shall be furnished by LIFE COMPANY with said
termination to be effective upon receipt of notice;
(d) At the option of TRUST, upon the institution of formal
proceedings against LIFE COMPANY by the SEC, the National
Association of Securities Dealers, Inc., or any other
regulatory body, the expected or anticipated ruling,
judgment or outcome of which would, in TRUST's reasonable
judgment, materially impair LIFE COMPANY's ability to meet
and perform its obligations and duties hereunder. Prompt
notice of election to terminate shall be furnished by TRUST
with said termination to be effective upon receipt of
notice;
(e) At the option of LIFE COMPANY, in the event TRUST's shares
are not registered, issued or sold in accordance with
applicable state or federal law, or such law precludes the
use of such shares as the underlying investment medium of
Variable Contracts issued or to be issued by LIFE COMPANY.
Termination shall be effective immediately upon notice to
TRUST;
(f) At the option of TRUST if the Variable Contracts cease to
qualify as annuity contracts or life insurance contracts, as
applicable, under the Code, or if TRUST reasonably believes
that the Variable Contracts may fail to so qualify.
Termination shall be effective upon receipt of notice by
LIFE COMPANY;
(g) At the option of LIFE COMPANY, upon TRUST's breach of any
material provision of this Agreement, which breach has not
been cured to the satisfaction of LIFE COMPANY within ten
days after written notice of such breach is delivered to
TRUST;
(h) At the option of TRUST, upon LIFE COMPANY's breach of any
material provision of this Agreement, which breach has not
been cured to the satisfaction of TRUST within ten days
after written notice of such breach is delivered to LIFE
COMPANY;
(i) At the option of TRUST, if the Variable Contracts are not
registered, issued or sold in accordance with applicable
federal and/or state law. Termination shall be effective
immediately upon notice to LIFE COMPANY;
16
(j) At the option of LIFE COMPANY in the event that any
Portfolio ceases to qualify as a Regulated Investment
Company under Subchapter M of the Code or under any
successor or similar provision, or if LIFE COMPANY
reasonably believes that any Portfolio may fail to so
qualify. Termination shall be effective immediately upon
notice to the TRUST;
(k) At the option of LIFE COMPANY in the event that any
Portfolio fails to meet the diversification requirements
specified in Article II hereof or if LIFE COMPANY reasonably
believes that any Portfolio may fail to meet such
diversification requirements. Termination shall be effective
immediately upon notice to the TRUST;
(l) In the event this Agreement is assigned without the prior
written consent of LIFE COMPANY, TRUST, and NB MANAGEMENT,
termination shall be effective immediately upon such
occurrence without notice.
8.3 Notwithstanding any termination of this Agreement pursuant to
Section 8.2 hereof, TRUST shall, at the option of the LIFE COMPANY, continue
to make available additional TRUST shares, as provided below, for so long as
LIFE COMPANY desires pursuant to the terms and conditions of this Agreement,
for all Variable Contracts in effect on the effective date of termination of
this Agreement (hereinafter referred to as "Existing Contracts").
Specifically, without limitation, if LIFE COMPANY so elects to make additional
TRUST shares available, the owners of the Existing Contracts or LIFE COMPANY,
whichever shall have legal authority to do so, shall be permitted to
reallocate investments in TRUST, redeem investments in TRUST and/or invest in
TRUST upon the payment of additional premiums under the Existing Contracts. In
the event of a termination of this Agreement pursuant to Section 8.2 hereof,
LIFE COMPANY, as promptly as is practicable under the circumstances, shall
notify TRUST and NB MANAGEMENT whether LIFE COMPANY elects to continue to make
TRUST shares available after such termination. If TRUST shares continue to be
made available after such termination, the provisions of this Agreement shall
remain in effect.
8.4 Except as necessary to implement Variable Contract owner initiated
transactions, or as required by state insurance laws or regulations, LIFE
COMPANY shall not redeem the shares attributable to the Variable Contracts (as
opposed to the shares attributable to LIFE COMPANY's assets held in the
Separate Accounts or invested directly), and LIFE COMPANY shall not prevent
Variable Contract owners from allocating payments to a Portfolio that was
otherwise available under the Variable Contracts, until thirty (30) days after
the LIFE COMPANY shall have notified TRUST of its intention to do so.
Article IX. NOTICES
-------
Any notice hereunder shall be given by registered or certified mail
return receipt requested to the other party at the address of such party set
forth below or at such other address as such party may from time to time
specify in writing to the other party.
17
If to TRUST or NB MANAGEMENT:
Xxxxxxxxx Xxxxxx Management Inc.
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000-0000
Attention: Xxxxx Xxxxxxx, General Counsel
If to LIFE COMPANY:
IDS Life Insurance Company
0000 Xxxxxxxxxx Xxxxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000
Attention: Executive Vice President - Annuities
With a copy to:
Ameriprise Financial Services, Inc.
00000 Xxxxxxxxxx Xxxxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000
Attention: Xxxx Xxxxxxx, Vice President and Group
Counsel
Notice shall be deemed given on the date of receipt by the addressee as
evidenced by the return receipt.
Article X. MISCELLANEOUS
-------------
10.1 The captions in this Agreement are included for convenience of
reference only and in no way define or delineate any of the provisions hereof
or otherwise affect their construction or effect.
10.2 This Agreement may be executed simultaneously in two or more
counterparts, each of which taken together shall constitute one and the same
instrument.
10.3 If any provision of this Agreement shall be held or made invalid by
a court decision, statute, rule or otherwise, the remainder of the Agreement
shall not be affected thereby.
10.4 This Agreement shall be construed and the provisions hereof
interpreted under and in accordance with the laws of the State of New York. It
shall also be subject to the provisions of the federal securities laws and the
rules and regulations thereunder and to any orders of the SEC granting
exemptive relief therefrom and the conditions of such orders.
10.5 The parties agree that the assets and liabilities of each Portfolio
are separate and distinct from the assets and liabilities of each other
Portfolio. No Portfolio shall be liable or shall be charged for any debt,
obligation or liability of any other Portfolio. No Trustee, officer or agent
shall be personally liable for such debt, obligation or liability of any
Portfolio.
18
10.6 Each party shall cooperate with each other party and all
appropriate governmental authorities (including without limitation the SEC,
the National Association of Securities Dealers, Inc. and state insurance
regulators) and shall permit such authorities reasonable access to its books
and records in connection with any investigation or inquiry relating to this
Agreement or the transactions contemplated hereby.
10.7 The rights, remedies and obligations contained in this Agreement
are cumulative and are in addition to any and all rights, remedies and
obligations, at law or in equity, which the parties hereto are entitled to
under state and federal laws.
10.8 No provision of this Agreement may be amended or modified in any
manner except by a written agreement properly authorized and executed by
TRUST, NB MANAGEMENT and the LIFE COMPANY.
19
IN WITNESS WHEREOF, the parties have caused their duly authorized
officers to execute this Fund Participation Agreement as of the date and year
first above written.
XXXXXXXXX XXXXXX XXXXXXXXX XXXXXX
ADVISERS MANAGEMENT TRUST MANAGEMENT INC.
By: /s/ Xxxxx Xxxxxxx By: /s/ Xxxxx Xxxxxxx
---------------------------------------- ----------------------------
Name: Name:
Title: Title:
IDS LIFE INSURANCE COMPANY Attest:
By: /s/ Xxxxx Xxxxxx By: /s/ Xxxxx Xxxxxxx
---------------------------------------- ----------------------------
Name: Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxxx
Title: Executive Vice President - Annuities Title: Assistant Secretary
20
APPENDIX A
The currently available Portfolios of the TRUST are:
AMT International Equity Portfolio - S Class Shares
AMT Socially Responsive Portfolio- S Class Shares
00
XXXXXXXX X
Separate Accounts:
IDS Life Variable Account 10, Established August 23, 1995
Variable Contracts:
-----------------------------------------------------------------------------------------------
IDS LIFE 1933 Act File No. 1940 Act File Number Contract Form Number
-----------------------------------------------------------------------------------------------
RiverSource 333-79311 811-07355 131101-US
Retirement
Advisor 4
Advantage
-----------------------------------------------------------------------------------------------
RiverSource 333-79311 811-07355 131102-US
Retirement
Advisor 4 Select
-----------------------------------------------------------------------------------------------
RiverSource 333-79311 811-07355 131103-US
Retirement
Advisor 4 Access
-----------------------------------------------------------------------------------------------
RiverSource 333-79311 811-07355 31043A
Retirement
Advisor
Advantage Plus
-----------------------------------------------------------------------------------------------
RiverSource 333-79311 811-07355 13041A
Retirement
Advisor Select
Plus
-----------------------------------------------------------------------------------------------
RiverSource 333-79311 811-07355 31043
Retirement
Advisor
Advantage
-----------------------------------------------------------------------------------------------
RiverSource 333-79311 811-07355 131041
Retirement
Advisor
Select
-----------------------------------------------------------------------------------------------
RiverSource 333-79311 811-07355 31043
Retirement
Advisor Variable
Annuity
-----------------------------------------------------------------------------------------------
RiverSource Retirement 333-79311 811-07355 31043
Advisor Variable
Annuity--
Band 3
-----------------------------------------------------------------------------------------------
22
