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Corporate Entities and Important Disclosures

Expected Spin Off of Financial Planning and Services Businesses

On February 1, 2005, American Express Company announced plans to pursue a spin-off to American Express shareholders of its American Express Financial Advisors unit. In the transaction, American Express shareholders will receive 100% of the common stock of Ameriprise Financial, Inc. (formerly American Express Financial Corporation), the wholly-owned subsidiary that directly and through its subsidiaries and affiliates conducts the financial planning, asset accumulation and income, and protection businesses of American Express. The transaction is expected to be completed on or after September 30, 2005, subject to certain regulatory and other approvals, including final approval by the board of directors of American Express Company.

Upon completion of the spin-off, the two companies will be independent, have separate public ownership, boards of directors and management. To facilitate Ameriprise Financial’s separation from American Express, the companies presently intend to continue certain existing arrangements for a transitional period following completion of the transaction. Additional information on the planned spin-off is included in the American Express Company’s 2004 Annual Report and Form 10-K, the Ameriprise Financial, Inc. Form 10, press releases and other documents which are available through the Investor Relations section of this Web site which can be accessed by clicking on the About the Company link on this page.

Name Change for American Express Financial Corporation and Certain Subsidiaries

On August 1, 2005, American Express Financial Corporation and several of its subsidiaries changed their names in anticipation of their separation from American Express Company. The following table provides details on the name changes of certain companies along with a brief description of the services provided by each. A more detailed description of the corporate entities through which American Express offers specific products and services follows the table.

Previous Name New Name Services Provided
American Express Financial Corporation Ameriprise Financial, Inc. Parent company and investment management
American Express Financial Advisors Inc. Ameriprise Financial Services, Inc. Broker-dealer and investment advisory
American Express Asset Management Group Inc. RiverSource Investments, LLC Investment management
American Express Trust Company Ameriprise Trust Company Institutional trust, including plan administration, investment management and custody services for 401(k) business
American Express Certificate Company Ameriprise Certificate Company Face amount certificate products
American Express Client Service Corporation RiverSource Service Corporation Mutual fund transfer agent


Many of the entities through which we offer financial products and services, including our insurance companies, have not changed their names. See below for further explanation.

American Express branded products and services will be renamed either AmeripriseSM or RiverSourceSM products and services later this year as a result of Ameriprise Financial’s separation from American Express. The Ameriprise name will be associated with Ameriprise Financial’s brokerage and financial advisory services, retirement and financial education services, certificates, and personal auto, home and umbrella insurance products. The mutual fund, annuity and insurance products (except personal auto, home and umbrella insurance) provided by Ameriprise Financial, Inc. and its subsidiaries will be identified by the RiverSource name. The RiverSource name will also be used for the institutional asset management business including collective investment funds.

Please note that all references on this Web site to the previous names identified above are replaced with the corresponding new name. All other information on this Web site remains the same and does not change, unless otherwise indicated.

Additional Information on Corporate Entities and Important Disclosures

Brokerage, investment and financial advisory services are made available through Ameriprise Financial Services, Inc., member NASD and SIPC.

Ameriprise Financial, Inc. provides investment management services to the American Express Funds and Ameriprise certificates. RiverSource Investments, LLC provides investment management services for institutional clients, alternative investments, insurance assets and managed account programs. Ameriprise certificates are issued by Ameriprise Certificate Company.

Ameriprise Trust Company (ATC) is the custodian to certain Individual Retirement Accounts, the American Express Funds, and products issued or owned by its affiliates. ATC also provides collective investment funds, trust, custody and administrative services to retirement plans.

Retirement and financial education services are offered through Ameriprise Retirement Services, a service group of Ameriprise Financial Services, Inc. and Ameriprise Trust Company.

RiverSource insurance and annuity products are issued by IDS Life Insurance Company, American Partners Life Insurance Company and American Enterprise Life Insurance Company, except in New York. In New York, insurance and annuity products are issued by IDS Life Insurance Company of New York and American Centurion Life Assurance Company, both of Albany, NY. "Privileged Assets" is a trade-name and does not provide any privileges beyond those allowed by law. Ameriprise Financial Services, Inc. may offer insurance of other companies.

Ameriprise Auto & Home Insurance issues auto, home and umbrella insurance underwritten by AMEX Assurance Company (AMEX Assurance) or IDS Property Casualty Insurance Company (IDS Property Casualty). AMEX Assurance also issues travel-related insurance offered through American Express Travel Related Services Company, Inc. (TRS). AMEX Assurance and IDS Property Casualty are wholly owned subsidiaries of Ameriprise Financial, Inc.

None of the above described companies are banks and the products they offer are not federally guaranteed or FDIC-insured and are not deposits or obligations of, or guaranteed by a financial institution. Investment products like mutual funds and variable insurance and annuity products involve investment risks including possible loss of principal, and may fluctuate in value.

Mortgages and Home Equity loans, bank lending and deposit products and services are offered by either American Express Bank, FSB or American Centurion Bank, both FDIC-insured financial institutions (the "Banks"). American Express Bank, FSB, is an American Express company and an Equal Housing Lender. American Express Travel Related Services Company, Inc. offers charge cards, credit cards and travel services.

Beginning on or after September 30, 2005, all of the above referenced companies, except TRS and the Banks, are expected to separate from the American Express Company as subsidiaries of Ameriprise Financial, Inc. and will no longer be owned by the American Express Company. Ameriprise Financial will continue to offer charge cards and banking services provided by TRS and the Banks.

This Web site is published in the United States for residents of the United States. Investment services and products of Ameriprise Financial, Inc. and affiliated entities are not available in those jurisdictions where they are not authorized or permitted by local law to promote or sell the services and products. Ameriprise financial advisors conduct business only in states where they are licensed and registered.

The information and opinions on this site provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. It is given for informational purposes only and is not a solicitation to buy or sell the securities mentioned. The information is not intended to be used as the sole basis for investment decisions, nor should it be construed as advice designed to meet the particular needs of an individual investor. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice, or other content.

NYSE/Amex stock quotes on this site may be delayed 20 minutes. NASDAQ stock quotes on this site may be delayed 15 minutes. Mutual fund quotes on this site are as of previous business day, unless otherwise noted. Market volume and volatility may cause delays to system access and trade executions.

Products and Services mentioned on this site may not be available in all states.

American Express USA PATRIOT Act Global Certification

Ameriprise Financial Services, Inc. Member NASD and SIPC.