ICI MUTUAL INSURANCE COMPANY

                                                       P.O. Box 730
                         Burlington, Vermont 05402-0730

                         INVESTMENT COMPANY BLANKET BOND








                          ICI MUTUAL INSURANCE COMPANY
                                                       P.O. Box 730
                         Burlington, Vermont 05402-0730

                                  DECLARATIONS
Item 1.  Name of Insured (the "Insured")                           Bond Number
         Seligman Data Corp.                                        87167106B

         Principal Address:     100 Park Avenue, 8th Floor
                                New York, NY  10017


Item 2.  Bond Period:  from 12:01 a.m. on July 24, 2006, to 12:01 a.m. on July
 24, 2007, or the earlier  effective date of the termination of this Bond,
 standard time at the Principal Address as to each of said dates.

Item     3. Limit of Liability-- Subject to Sections 9, 10 and 12 hereof:

                         

                                                                                          LIMIT OF       DEDUCTIBLE
                                                                                          LIABILITY         AMOUNT
        Insuring Agreement A-         FIDELITY                                           $24,000,000         $150,000
        Insuring Agreement B-         AUDIT EXPENSE                                           $50,000          $10,000
        Insuring Agreement C-         ON PREMISES                                         $24,000,000         $150,000
        Insuring Agreement D-         IN TRANSIT                                          $24,000,000         $150,000
        Insuring Agreement E-         FORGERY OR ALTERATION                               $24,000,000         $150,000
        Insuring Agreement F-         SECURITIES                                          $24,000,000         $150,000
        Insuring Agreement G-         COUNTERFEIT CURRENCY                                $24,000,000         $150,000
        Insuring Agreement H-         UNCOLLECTIBLE ITEMS OF DEPOSIT                         $500,000          $50,000
        Insuring Agreement I-         PHONE/ELECTRONIC TRANSACTIONS                       $24,000,000         $150,000



     If "Not Covered" is inserted opposite any Insuring Agreement above, such
     Insuring Agreement and any reference thereto shall be deemed to be deleted
     from this Bond.

                         
OPTIONAL INSURING AGREEMENTS ADDED BY RIDER:
        Insuring Agreement J-         COMPUTER SECURITY                                   $24,000,000         $150,000


Item     4. Offices or Premises Covered--All the Insured's offices or other
         premises in existence at the time this Bond becomes effective are
         covered under this Bond, except the offices or other premises excluded
         by Rider. Offices or other premises acquired or established after the
         effective date of this Bond are covered subject to the terms of General
         Agreement A.

Item     5. The liability of ICI Mutual Insurance Company (the "Underwriter") is
         subject to the terms of the following Riders attached hereto:

         Riders:  1-2-3-4-5-6-7-8-9-10-11-12

         and of all Riders applicable to this Bond issued during the Bond
 Period.

                                           By:            /S/ Catherine Dalton
                                                     Authorized Representative









                         INVESTMENT COMPANY BLANKET BOND

ICI Mutual Insurance Company (the "Underwriter"), in consideration of an agreed
premium, and in reliance upon the Application and all other information
furnished to the Underwriter by the Insured, and subject to and in accordance
with the Declarations, General Agreements, Provisions, Conditions and
Limitations and other terms of this bond (including all riders hereto) ("Bond"),
to the extent of the Limit of Liability and subject to the Deductible Amount,
agrees to indemnify the Insured for the loss, as described in the Insuring
Agreements, sustained by the Insured at any time but discovered during the Bond
Period.


                               INSURING AGREEMENTS

A. FIDELITY

     Loss (including loss of Property) caused by any Dishonest or Fraudulent Act
     or Theft committed by an Employee anywhere, alone or in collusion with
     other persons (whether or not Employees), during the time such Employee has
     the status of an Employee as defined herein, and even if such loss is not
     discovered until after he or she ceases to be an Employee, EXCLUDING loss
     covered under Insuring Agreement B.

B. AUDIT EXPENSE

     Expense incurred by the Insured for that part of audits or examinations
     required by any governmental regulatory authority or Self Regulatory
     Organization to be conducted by such authority or Organization or by an
     independent accountant or other person, by reason of the discovery of loss
     sustained by the Insured and covered by this Bond.

C. ON PREMISES

     Loss of Property (including damage thereto or destruction thereof) located
     or reasonably believed by the Insured to be located within the Insured's
     offices or premises, caused by Theft or by any Dishonest or Fraudulent Act
     or through Mysterious Disappearance, EXCLUDING loss covered under Insuring
     Agreement A.

D. IN TRANSIT

     Loss of Property (including damage thereto or destruction thereof) while
     the Property is in transit in the custody of any person authorized by an
     Insured to act as a messenger, except while in the mail or with a carrier
     for hire (other than a Security Company), EXCLUDING loss covered under
     Insuring Agreement A. Property is "in transit" beginning immediately upon
     receipt of such Property by the transporting person and ending immediately
     upon delivery at the specified destination.

E. FORGERY OR ALTERATION

     Loss caused by the Forgery or Alteration of or on (1) any bills of
     exchange, checks, drafts, or other written orders or directions to pay
     certain sums in money, acceptances, certificates of deposit, due bills,
     money orders, or letters of credit; or (2) other written instructions,
     requests or applications to the Insured, authorizing or acknowledging the
     transfer, payment, redemption, delivery or receipt of Property, or giving
     notice of any bank account, which instructions or requests or applications
     purport to have been signed or endorsed by (a) any customer of the Insured,
     or (b) any shareholder of or subscriber to shares issued by any Investment
     Company, or (c) any financial or banking institution or stockbroker; or (3)
     withdrawal orders or receipts for the withdrawal of Property, or receipts
     or certificates of deposit for Property and bearing the name of the Insured
     as issuer or of another Investment Company for which the Insured acts as
     agent.

     This Insuring Agreement E does not cover loss caused by Forgery or
     Alteration of Securities or loss covered under Insuring Agreement A.

F. SECURITIES

     Loss resulting from the Insured, in good faith, in the ordinary course of
     business, and in any capacity whatsoever, whether for its own account or
     for the account of others, having acquired, accepted or received, or sold
     or delivered, or given any value, extended any credit or assumed any
     liability on the faith of any Securities, where such loss results from the
     fact that such Securities (1) were Counterfeit, or (2) were lost or stolen,
     or (3) contain a Forgery or Alteration, and notwithstanding whether or not
     the act of the Insured causing such loss violated the constitution,
     by-laws, rules or regulations of any Self Regulatory Organization, whether
     or not the Insured was a member thereof, EXCLUDING loss covered under
     Insuring Agreement A.

G. COUNTERFEIT CURRENCY

     Loss caused by the Insured in good faith having received or accepted (1)
     any money orders which prove to be Counterfeit or to contain an Alteration
     or (2) paper currencies or coin of the United States of America or Canada
     which prove to be Counterfeit.

     This Insuring Agreement G does not cover loss covered under Insuring
Agreement A.

H. UNCOLLECTIBLE ITEMS OF DEPOSIT

     Loss resulting from the payment of dividends, issuance of Fund shares or
     redemptions or exchanges permitted from an account with the Fund as a
     consequence of

     (1) uncollectible Items of Deposit of a Fund's customer, shareholder or
         subscriber credited by the Insured or its agent to such person's Fund
         account, or
     (2) any Item of Deposit processed through an automated clearing house which
         is reversed by a Fund's customer, shareholder or subscriber and is
         deemed uncollectible by the Insured;

     PROVIDED, that (a) Items of Deposit shall not be deemed uncollectible until
     the Insured's collection procedures have failed, (b) exchanges of shares
     between Funds with exchange privileges shall be covered hereunder only if
     all such Funds are insured by the Underwriter for uncollectible Items of
     Deposit, and (c) the Insured Fund shall have implemented and maintained a
     policy to hold Items of Deposit for the minimum number of days stated in
     its Application (as amended from time to time) before paying any dividend
     or permitting any withdrawal with respect to such Items of Deposit (other
     than exchanges between Funds). Regardless of the number of transactions
     between Funds in an exchange program, the minimum number of days an Item of
     Deposit must be held shall begin from the date the Item of Deposit was
     first credited to any Insured Fund.

     This Insuring Agreement H does not cover loss covered under Insuring
Agreement A.

I. PHONE/ELECTRONIC TRANSACTIONS

     Loss caused by a Phone/Electronic Transaction, where the request for such
Phone/Electronic Transaction:

(1) is transmitted to the Insured or its agents by voice over the telephone or
by Electronic Transmission; and (2) is made by an individual purporting to be a
Fund shareholder or subscriber or an authorized agent of a Fund
         shareholder or subscriber; and
(3) is unauthorized or fraudulent and is made with the manifest intent to
deceive;

     PROVIDED, that the entity receiving such request generally maintains and
     follows during the Bond Period all Phone/Electronic Transaction Security
     Procedures with respect to all Phone/Electronic Transactions; and

     EXCLUDING loss resulting from:

     (1) the failure to pay for shares attempted to be purchased; or

     (2) any redemption of Investment Company shares which had been improperly
         credited to a shareholder's account where such shareholder (a) did not
         cause, directly or indirectly, such shares to be credited to such
         account, and (b) directly or indirectly received any proceeds or other
         benefit from such redemption; or

     (3) any redemption of shares issued by an Investment Company where the
         proceeds of such redemption were requested to be paid or made payable
         to other than (a) the Shareholder of Record, or (b) any other person or
         bank account designated to receive redemption proceeds (i) in the
         initial account application, or (ii) in writing (not to include
         Electronic Transmission) accompanied by a signature guarantee; or

     (4) any redemption of shares issued by an Investment Company where the
         proceeds of such redemption were requested to be sent to other than any
         address for such account which was designated (a) in the initial
         account application, or (b) in writing (not to include Electronic
         Transmission), where such writing is received at least one (1) day
         prior to such redemption request, or (c) by voice over the telephone or
         by Electronic Transmission at least fifteen (15) days prior to such
         redemption; or

(5) the intentional failure to adhere to one or more Phone/Electronic
Transaction Security Procedures; or

(6)      a Phone/Electronic Transaction request transmitted by electronic mail
         or transmitted by any method not subject to the Phone/Electronic
         Transaction Security Procedures; or

     (7) the failure or circumvention of any physical or electronic protection
         device, including any firewall, that imposes restrictions on the flow
         of electronic traffic in or out of any Computer System.

     This Insuring Agreement I does not cover loss covered under Insuring
     Agreement A, "Fidelity" or Insuring Agreement J, "Computer Security".


                               GENERAL AGREEMENTS

A. ADDITIONAL OFFICES OR EMPLOYEES--CONSOLIDATION OR MERGER--NOTICE

     1.  Except as provided in paragraph 2 below, this Bond shall apply to any
         additional office(s) established by the Insured during the Bond Period
         and to all Employees during the Bond Period, without the need to give
         notice thereof or pay additional premiums to the Underwriter for the
         Bond Period.

     2.  If during the Bond Period an Insured Investment Company shall merge or
         consolidate with an institution in which such Insured is the surviving
         entity, or purchase substantially all the assets or capital stock of
         another institution, or acquire or create a separate investment
         portfolio, and shall within sixty (60) days notify the Underwriter
         thereof, then this Bond shall automatically apply to the Property and
         Employees resulting from such merger, consolidation, acquisition or
         creation from the date thereof; provided, that the Underwriter may make
         such coverage contingent upon the payment of an additional premium.

B. WARRANTY

     No statement made by or on behalf of the Insured, whether contained in the
     Application or otherwise, shall be deemed to be an absolute warranty, but
     only a warranty that such statement is true to the best of the knowledge of
     the person responsible for such statement.

C. COURT COSTS AND ATTORNEYS' FEES

     The Underwriter will indemnify the Insured against court costs and
     reasonable attorneys' fees incurred and paid by the Insured in defense of
     any legal proceeding brought against the Insured claiming that the Insured
     is liable for any loss, claim or damage which, if established against the
     Insured, would constitute a loss sustained by the Insured covered under the
     terms of this Bond; provided, however, that with respect to Insuring
     Agreement A this indemnity shall apply only in the event that

     1.  an Employee admits to having committed or is adjudicated to have
         committed a Dishonest or Fraudulent Act or Theft which caused the loss;
         or

     2.  in the absence of such an admission or adjudication, an arbitrator or
         arbitrators acceptable to the Insured and the Underwriter concludes,
         after a review of an agreed statement of facts, that an Employee has
         committed a Dishonest or Fraudulent Act or Theft which caused the loss.

     The Insured shall promptly give notice to the Underwriter of any such legal
     proceeding and upon request shall furnish the Underwriter with copies of
     all pleadings and other papers therein. At the Underwriter's election the
     Insured shall permit the Underwriter to conduct the defense of such legal
     proceeding in the Insured's name, through attorneys of the Underwriter's
     selection. In such event, the Insured shall give all reasonable information
     and assistance which the Underwriter shall deem necessary to the proper
     defense of such legal proceeding.

     If the amount of the Insured's liability or alleged liability in any such
     legal proceeding is greater than the amount which the Insured would be
     entitled to recover under this Bond (other than pursuant to this General
     Agreement C), or if a Deductible Amount is applicable, or both, the
     indemnity liability of the Underwriter under this General Agreement C is
     limited to the proportion of court costs and attorneys' fees incurred and
     paid by the Insured or by the Underwriter that the amount which the Insured
     would be entitled to recover under this Bond (other than pursuant to this
     General Agreement C) bears to the sum of such amount plus the amount which
     the Insured is not entitled to recover. Such indemnity shall be in addition
     to the Limit of Liability for the applicable Insuring Agreement.

             THIS BOND, INCLUDING THE FOREGOING INSURING AGREEMENTS
               AND GENERAL AGREEMENTS, IS SUBJECT TO THE FOLLOWING
                     PROVISIONS, CONDITIONS AND LIMITATIONS:

SECTION 1.  DEFINITIONS

The following terms used in this Bond shall have the meanings stated in this
Section:

     A.  "Alteration" means the marking, changing or altering in a material way
         of the terms, meaning or legal effect of a document with the intent to
         deceive.

     B.  "Application" means the Insured's application (and any attachments and
         materials submitted in connection therewith) furnished to the
         Underwriter for this Bond.

     C.  "Computer System" means (1) computers with related peripheral
         components, including storage components, (2) systems and applications
         software, (3) terminal devices, (4) related communications networks or
         customer communication systems, and (5) related electronic funds
         transfer systems; by which data or monies are electronically collected,
         transmitted, processed, stored or retrieved.

     D.  "Counterfeit" means, with respect to any item, one which is false but
         is intended to deceive and to be taken for the original authentic item.

     E.  "Deductible Amount" means, with respect to any Insuring Agreement, the
         amount set forth under the heading "Deductible Amount" in Item 3 of the
         Declarations or in any Rider for such Insuring Agreement, applicable to
         each Single Loss covered by such Insuring Agreement.

     F.  "Depository" means any "securities depository" (other than any foreign
         securities depository) in which an Investment Company may deposit its
         Securities in accordance with Rule 17f-4 under the Investment Company
         Act of 1940.

     G.  "Dishonest or Fraudulent Act" means any dishonest or fraudulent act,
         including "larceny and embezzlement" as defined in Section 37 of the
         Investment Company Act of 1940, committed with the conscious manifest
         intent (1) to cause the Insured to sustain a loss and (2) to obtain
         financial benefit for the perpetrator or any other person (other than
         salaries, commissions, fees, bonuses, awards, profit sharing, pensions
         or other employee benefits). A Dishonest or Fraudulent Act does not
         mean or include a reckless act, a negligent act, or a grossly negligent
         act.

H.       "Electronic Transmission" means any transmission effected by electronic
         means, including but not limited to a transmission effected by
         telephone tones, Telefacsimile, wireless device, or over the Internet.

     I .  "Employee" means:
         (1) each officer, director, trustee, partner or employee of the
         Insured, and
         (2) each officer, director, trustee, partner or employee of any
         predecessor of the Insured whose principal assets are acquired by the
         Insured by consolidation or merger with, or purchase of assets or
         capital stock of, such predecessor, and
         (3) each attorney performing legal services for the Insured and each
         employee of such attorney or of the law firm of such attorney while
         performing services for the Insured, and
         (4) each student who is an authorized intern of the Insured, while in
         any of the Insured's offices, and (5) each officer, director, trustee,
         partner or employee of
              (a) an investment adviser, (b) an underwriter (distributor),
              (c) a transfer agent or shareholder accounting recordkeeper, or
              (d) an administrator authorized by written agreement to keep
              financial and/or other required records, for an Investment Company
              named as an Insured, but only while (i) such officer, partner or
              employee is performing acts coming within the scope of the usual
              duties of an officer or employee of an Insured, or (ii) such
              officer, director, trustee, partner or employee is acting as a
              member of any committee duly elected or appointed to examine or
              audit or have custody of or access to the Property of the Insured,
              or (iii) such director or trustee (or anyone acting in a similar
              capacity) is acting outside the scope of the usual duties of a
              director or trustee; provided, that the term "Employee" shall not
              include any officer, director, trustee, partner or employee of a
              transfer agent, shareholder accounting recordkeeper or
              administrator (x) which is not an "affiliated person" (as defined
              in Section 2(a) of the Investment Company Act of 1940) of an
              Investment Company named as Insured or of the adviser or
              underwriter of such Investment Company, or (y) which is a "Bank"
              (as defined in Section 2(a) of the Investment Company Act of
              1940), and
         (6)  each individual assigned, by contract or by any agency furnishing
              temporary personnel, in either case on a contingent or part-time
              basis, to perform the usual duties of an employee in any office of
              the Insured, and
         (7)  each individual assigned to perform the usual duties of an
              employee or officer of any entity authorized by written agreement
              with the Insured to perform services as electronic data processor
              of checks or other accounting records of the Insured, but
              excluding a processor which acts as transfer agent or in any other
              agency capacity for the Insured in issuing checks, drafts or
              securities, unless included under subsection (5) hereof, and
         (8)  each officer, partner or employee of (a) any Depository or
              Exchange,
              (b) any nominee in whose name is registered any Security included
                  in the systems for the central handling of securities
                  established and maintained by any Depository, and
              (c) any recognized service company which provides clerks or other
                  personnel to any Depository or Exchange on a contract basis,
              while such officer, partner or employee is performing services for
              any Depository in the operation of systems for the central
              handling of securities, and
         (9)  in the case of an Insured which is an "employee benefit plan" (as
              defined in Section 3 of the Employee Retirement Income Security
              Act of 1974 ("ERISA")) for officers, directors or employees of
              another Insured ("In-House Plan"), any "fiduciary" or other "plan
              official" (within the meaning of Section 412 of ERISA) of such
              In-House Plan, provided that such fiduciary or other plan official
              is a director, partner, officer, trustee or employee of an Insured
              (other than an In-House Plan).

     Each employer of temporary personnel and each entity referred to in
     subsections (6) and (7) and their respective partners, officers and
     employees shall collectively be deemed to be one person for all the
     purposes of this Bond.

     Brokers, agents, independent contractors, or representatives of the same
     general character shall not be considered Employees, except as provided in
     subsections (3), (6), and (7).

     J.  "Exchange" means any national securities exchange registered under the
         Securities Exchange Act of 1934.

     K.  "Forgery" means the physical signing on a document of the name of
         another person (whether real or fictitious) with the intent to deceive.
         A Forgery may be by means of mechanically reproduced facsimile
         signatures as well as handwritten signatures. Forgery does not include
         the signing of an individual's own name, regardless of such
         individual's authority, capacity or purpose.

     L.  "Items of Deposit" means one or more checks or drafts.

     M.  "Investment Company" or "Fund" means an investment company registered
         under the Investment Company Act of 1940.

     N.  "Limit of Liability" means, with respect to any Insuring Agreement, the
         limit of liability of the Underwriter for any Single Loss covered by
         such Insuring Agreement as set forth under the heading "Limit of
         Liability" in Item 3 of the Declarations or in any Rider for such
         Insuring Agreement.

     O.  "Mysterious Disappearance" means any disappearance of Property which,
         after a reasonable investigation has been conducted, cannot be
         explained.

     P.  "Non-Fund" means any corporation, business trust, partnership, trust or
         other entity which is not an Investment Company.

     Q.  "Phone/Electronic Transaction Security Procedures" means security
         procedures for Phone/Electronic Transactions as provided in writing to
         the Underwriter.

     R.  "Phone/Electronic Transaction" means any (1) redemption of shares
         issued by an Investment Company, (2) election concerning dividend
         options available to Fund shareholders, (3) exchange of shares in a
         registered account of one Fund into shares in an identically registered
         account of another Fund in the same complex pursuant to exchange
         privileges of the two Funds, or (4) purchase of shares issued by an
         Investment Company, which redemption, election, exchange or purchase is
         requested by voice over the telephone or through an Electronic
         Transmission.

     S.  "Property" means the following tangible items: money, postage and
         revenue stamps, precious metals, Securities, bills of exchange,
         acceptances, checks, drafts, or other written orders or directions to
         pay sums certain in money, certificates of deposit, due bills, money
         orders, letters of credit, financial futures contracts, conditional
         sales contracts, abstracts of title, insurance policies, deeds,
         mortgages, and assignments of any of the foregoing, and other valuable
         papers, including books of account and other records used by the
         Insured in the conduct of its business, and all other instruments
         similar to or in the nature of the foregoing (but excluding all data
         processing records), in which the Insured has an interest or in which
         the Insured acquired or should have acquired an interest by reason of a
         predecessor's declared financial condition at the time of the Insured's
         consolidation or merger with, or purchase of the principal assets of,
         such predecessor or which are held by the Insured for any purpose or in
         any capacity.

     T.  "Securities" means original negotiable or non-negotiable agreements or
         instruments which represent an equitable or legal interest, ownership
         or debt (including stock certificates, bonds, promissory notes, and
         assignments thereof), which are in the ordinary course of business and
         transferable by physical delivery with appropriate endorsement or
         assignment. "Securities" does not include bills of exchange,
         acceptances, certificates of deposit, checks, drafts, or other written
         orders or directions to pay sums certain in money, due bills, money
         orders, or letters of credit.

     U.  "Security Company" means an entity which provides or purports to
         provide the transport of Property by secure means, including, without
         limitation, by use of armored vehicles or guards.

     V.  "Self Regulatory Organization" means any association of investment
         advisers or securities dealers registered under the federal securities
         laws, or any Exchange.

     W.  "Shareholder of Record" means the record owner of shares issued by an
         Investment Company or, in the case of joint ownership of such shares,
         all record owners, as designated (1) in the initial account
         application, or (2) in writing accompanied by a signature guarantee, or
         (3) pursuant to procedures as set forth in the Application.

     X.  "Single Loss" means:
         (1) all loss resulting from any one actual or attempted Theft committed
by one person, or
         (2)  all loss caused by any one act (other than a Theft or a Dishonest
              or Fraudulent Act) committed by one person, or
         (3)  all loss caused by Dishonest or Fraudulent Acts committed by one
              person, or (4) all expenses incurred with respect to any one audit
              or examination, or
         (5)  all loss caused by any one occurrence or event other than those
              specified in subsections (1) through (4) above.

        All acts or omissions of one or more persons which directly or
        indirectly aid or, by failure to report or otherwise, permit the
        continuation of an act referred to in subsections (1) through (3) above
        of any other person shall be deemed to be the acts of such other person
        for purposes of this subsection.

        All acts or occurrences or events which have as a common nexus any fact,
        circumstance, situation, transaction or series of facts, circumstances,
        situations, or transactions shall be deemed to be one act, one
        occurrence, or one event.

     Y.  "Telefacsimile" means a system of transmitting and reproducing fixed
         graphic material (as, for example, printing) by means of signals
         transmitted over telephone lines or over the Internet.

     Z.  "Theft" means robbery, burglary or hold-up, occurring with or without
         violence or the threat of violence.




SECTION 2.  EXCLUSIONS

THIS BOND DOES NOT COVER:

     A.  Loss resulting from (1) riot or civil commotion outside the United
         States of America and Canada, or (2) war, revolution, insurrection,
         action by armed forces, or usurped power, wherever occurring; except if
         such loss occurs in transit, is otherwise covered under Insuring
         Agreement D, and when such transit was initiated, the Insured or any
         person initiating such transit on the Insured's behalf had no knowledge
         of such riot, civil commotion, war, revolution, insurrection, action by
         armed forces, or usurped power.

B.       Loss in time of peace or war resulting from nuclear fission or fusion
         or radioactivity, or biological or chemical agents or hazards, or fire,
         smoke, or explosion, or the effects of any of the foregoing.

     C.  Loss resulting from any Dishonest or Fraudulent Act committed by any
         person while acting in the capacity of a member of the Board of
         Directors or any equivalent body of the Insured or of any other entity.

     D.  Loss resulting from any nonpayment or other default of any loan or
         similar transaction made by the Insured or any of its partners,
         directors, officers or employees, whether or not authorized and whether
         procured in good faith or through a Dishonest or Fraudulent Act, unless
         such loss is otherwise covered under Insuring Agreement A, E or F.

     E.  Loss resulting from any violation by the Insured or by any Employee of
         any law, or any rule or regulation pursuant thereto or adopted by a
         Self Regulatory Organization, regulating the issuance, purchase or sale
         of securities, securities transactions upon security exchanges or over
         the counter markets, Investment Companies, or investment advisers,
         unless such loss, in the absence of such law, rule or regulation, would
         be covered under Insuring Agreement A, E or F.

     F.  Loss of Property while in the custody of any Security Company, unless
         such loss is covered under this Bond and is in excess of the amount
         recovered or received by the Insured under (1) the Insured's contract
         with such Security Company, and (2) insurance or indemnity of any kind
         carried by such Security Company for the benefit of, or otherwise
         available to, users of its service, in which case this Bond shall cover
         only such excess, subject to the applicable Limit of Liability and
         Deductible Amount.

     G.  Potential income, including but not limited to interest and dividends,
         not realized by the Insured because of a loss covered under this Bond,
         except when covered under Insuring Agreement H.

     H.  Loss in the form of (1) damages of any type for which the Insured is
         legally liable, except direct compensatory damages, or (2) taxes,
         fines, or penalties, including without limitation two-thirds of treble
         damage awards pursuant to judgments under any statute or regulation.

     I.  Loss resulting from the surrender of Property away from an office of
         the Insured as a result of a threat (1) to do bodily harm to any
         person, except loss of Property in transit in the custody of any person
         acting as
              messenger as a result of a threat to do bodily harm to such
              person, if the Insured had no knowledge of such threat at the time
              such transit was initiated, or
         (2)  to do damage to the premises or Property of the Insured, unless
              such loss is otherwise covered under Insuring Agreement A.

     J.  All costs, fees and other expenses incurred by the Insured in
         establishing the existence of or amount of loss covered under this
         Bond, except to the extent certain audit expenses are covered under
         Insuring Agreement B.

     K.  Loss resulting from payments made to or withdrawals from any account,
         involving funds erroneously credited to such account, unless such loss
         is otherwise covered under Insuring Agreement A.

     L.  Loss resulting from uncollectible Items of Deposit which are drawn upon
         a financial institution outside the United States of America, its
         territories and possessions, or Canada.

     M.  Loss resulting from the Dishonest or Fraudulent Acts, Theft, or other
         acts or omissions of an Employee primarily engaged in the sale of
         shares issued by an Investment Company to persons other than (1) a
         person registered as a broker under the Securities Exchange Act of 1934
         or (2) an "accredited investor" as defined in Rule 501(a) of Regulation
         D under the Securities Act of 1933, which is not an individual.

      N. Loss resulting from the use of credit, debit, charge, access,
         convenience, identification, cash management or other cards, whether
         such cards were issued or purport to have been issued by the Insured or
         by anyone else, unless such loss is otherwise covered under Insuring
         Agreement A.

     O.  Loss resulting from any purchase, redemption or exchange of securities
         issued by an Investment Company or other Insured, or any other
         instruction, request, acknowledgement, notice or transaction involving
         securities issued by an Investment Company or other Insured or the
         dividends in respect thereof, when any of the foregoing is requested,
         authorized or directed or purported to be requested, authorized or
         directed by voice over the telephone or by Electronic Transmission,
         unless such loss is otherwise covered under Insuring Agreement A or
         Insuring Agreement I.

     P.  Loss resulting from any Dishonest or Fraudulent Act or Theft committed
         by an Employee as defined in Section 1.I(2), unless such loss (1) could
         not have been reasonably discovered by the due diligence of the Insured
         at or prior to the time of acquisition by the Insured of the assets
         acquired from a predecessor, and (2) arose out of a lawsuit or valid
         claim brought against the Insured by a person unaffiliated with the
         Insured or with any person affiliated with the Insured.

     Q.  Loss resulting from the unauthorized entry of data into, or the
         deletion or destruction of data in, or the change of data elements or
         programs within, any Computer System, unless such loss is otherwise
         covered under Insuring Agreement A.









SECTION 3.  ASSIGNMENT OF RIGHTS

     Upon payment to the Insured hereunder for any loss, the Underwriter shall
     be subrogated to the extent of such payment to all of the Insured's rights
     and claims in connection with such loss; provided, however, that the
     Underwriter shall not be subrogated to any such rights or claims one named
     Insured under this Bond may have against another named Insured under this
     Bond. At the request of the Underwriter, the Insured shall execute all
     assignments or other documents and take such action as the Underwriter may
     deem necessary or desirable to secure and perfect such rights and claims,
     including the execution of documents necessary to enable the Underwriter to
     bring suit in the name of the Insured.

     Assignment of any rights or claims under this Bond shall not bind the
     Underwriter without the Underwriter's written consent.

SECTION 4.  LOSS--NOTICE--PROOF--LEGAL PROCEEDINGS

     This Bond is for the use and benefit only of the Insured and the
     Underwriter shall not be liable hereunder for loss sustained by anyone
     other than the Insured, except that if the Insured includes such other loss
     in the Insured's proof of loss, the Underwriter shall consider its
     liability therefor. As soon as practicable and not more than sixty (60)
     days after discovery of any loss covered hereunder, the Insured shall give
     the Underwriter written notice thereof and, as soon as practicable and
     within one year after such discovery, shall also furnish to the Underwriter
     affirmative proof of loss with full particulars. The Underwriter may extend
     the sixty day notice period or the one year proof of loss period if the
     Insured requests an extension and shows good cause therefor.

     See also General Agreement C (Court Costs and Attorneys' Fees).

     The Underwriter shall not be liable hereunder for loss of Securities unless
     each of the Securities is identified in such proof of loss by a certificate
     or bond number or by such identification means as the Underwriter may
     require. The Underwriter shall have a reasonable period after receipt of a
     proper affirmative proof of loss within which to investigate the claim, but
     where the loss is of Securities and is clear and undisputed, settlement
     shall be made within forty-eight (48) hours even if the loss involves
     Securities of which duplicates may be obtained.

     The Insured shall not bring legal proceedings against the Underwriter to
     recover any loss hereunder prior to sixty (60) days after filing such proof
     of loss or subsequent to twenty-four (24) months after the discovery of
     such loss or, in the case of a legal proceeding to recover hereunder on
     account of any judgment against the Insured in or settlement of any suit
     mentioned in General Agreement C or to recover court costs or attorneys'
     fees paid in any such suit, twenty-four (24) months after the date of the
     final judgment in or settlement of such suit. If any limitation in this
     Bond is prohibited by any applicable law, such limitation shall be deemed
     to be amended to be equal to the minimum period of limitation permitted by
     such law.

     Notice hereunder shall be given to Manager, Professional Liability Claims,
     ICI Mutual Insurance Company, P.O. Box 730, Burlington, Vermont 05402-0730.




SECTION 5.  DISCOVERY

     For all purposes under this Bond, a loss is discovered, and discovery of a
     loss occurs, when the Insured (1) becomes aware of facts, or (2) receives
     notice of an actual or potential claim by a third party which alleges that
     the Insured is liable
         under circumstances,
     which would cause a reasonable person to assume that loss covered by this
     Bond has been or is likely to be incurred even though the exact amount or
     details of loss may not be known.

SECTION 6.  VALUATION OF PROPERTY

     For the purpose of determining the amount of any loss hereunder, the value
     of any Property shall be the market value of such Property at the close of
     business on the first business day before the discovery of such loss;
     except that (1) the value of any Property replaced by the Insured prior to
     the payment of a claim therefor shall be the actual
         market value of such Property at the time of replacement, but not in
         excess of the market value of such Property on the first business day
         before the discovery of the loss of such Property;
     (2) the value of Securities which must be produced to exercise
         subscription, conversion, redemption or deposit privileges shall be the
         market value of such privileges immediately preceding the expiration
         thereof if the loss of such Securities is not discovered until after
         such expiration, but if there is no quoted or other ascertainable
         market price for such Property or privileges referred to in clauses (1)
         and (2), their value shall be fixed by agreement between the parties or
         by arbitration before an arbitrator or arbitrators acceptable to the
         parties; and
     (3) the value of books of accounts or other records used by the Insured in
         the conduct of its business shall be limited to the actual cost of
         blank books, blank pages or other materials if the books or records are
         reproduced plus the cost of labor for the transcription or copying of
         data furnished by the Insured for reproduction.

SECTION 7.  LOST SECURITIES

     The maximum liability of the Underwriter hereunder for lost Securities
     shall be the payment for, or replacement of, such Securities having an
     aggregate value not to exceed the applicable Limit of Liability. If the
     Underwriter shall make payment to the Insured for any loss of securities,
     the Insured shall assign to the Underwriter all of the Insured's right,
     title and interest in and to such Securities. In lieu of such payment, the
     Underwriter may, at its option, replace such lost Securities, and in such
     case the Insured shall cooperate to effect such replacement. To effect the
     replacement of lost Securities, the Underwriter may issue or arrange for
     the issuance of a lost instrument bond. If the value of such Securities
     does not exceed the applicable Deductible Amount (at the time of the
     discovery of the loss), the Insured will pay the usual premium charged for
     the lost instrument bond and will indemnify the issuer of such bond against
     all loss and expense that it may sustain because of the issuance of such
     bond.

     If the value of such Securities exceeds the applicable Deductible Amount
     (at the time of discovery of the loss), the Insured will pay a proportion
     of the usual premium charged for the lost instrument bond, equal to the
     percentage that the applicable Deductible Amount bears to the value of such
     Securities upon discovery of the loss, and will indemnify the issuer of
     such bond against all loss and expense that

     is not recovered from the Underwriter under the terms and conditions of
     this Bond, subject to the applicable Limit of Liability.

SECTION 8.  SALVAGE

     If any recovery is made, whether by the Insured or the Underwriter, on
     account of any loss within the applicable Limit of Liability hereunder, the
     Underwriter shall be entitled to the full amount of such recovery to
     reimburse the Underwriter for all amounts paid hereunder with respect to
     such loss. If any recovery is made, whether by the Insured or the
     Underwriter, on account of any loss in excess of the applicable Limit of
     Liability hereunder plus the Deductible Amount applicable to such loss from
     any source other than suretyship, insurance, reinsurance, security or
     indemnity taken by or for the benefit of the Underwriter, the amount of
     such recovery, net of the actual costs and expenses of recovery, shall be
     applied to reimburse the Insured in full for the portion of such loss in
     excess of such Limit of Liability, and the remainder, if any, shall be paid
     first to reimburse the Underwriter for all amounts paid hereunder with
     respect to such loss and then to the Insured to the extent of the portion
     of such loss within the Deductible Amount. The Insured shall execute all
     documents which the Underwriter deems necessary or desirable to secure to
     the Underwriter the rights provided for herein.

SECTION 9.        NON-REDUCTION AND NON-ACCUMULATION OF LIABILITY AND
TOTAL LIABILITY

     Prior to its termination, this Bond shall continue in force up to the Limit
     of Liability for each Insuring Agreement for each Single Loss,
     notwithstanding any previous loss (other than such Single Loss) for which
     the Underwriter may have paid or be liable to pay hereunder; PROVIDED,
     however, that regardless of the number of years this Bond shall continue in
     force and the number of premiums which shall be payable or paid, the
     liability of the Underwriter under this Bond with respect to any Single
     Loss shall be limited to the applicable Limit of Liability irrespective of
     the total amount of such Single Loss and shall not be cumulative in amounts
     from year to year or from period to period.

SECTION 10.  MAXIMUM LIABILITY OF UNDERWRITER; OTHER BONDS OR POLICIES

     The maximum liability of the Underwriter for any Single Loss covered by any
     Insuring Agreement under this Bond shall be the Limit of Liability
     applicable to such Insuring Agreement, subject to the applicable Deductible
     Amount and the other provisions of this Bond. Recovery for any Single Loss
     may not be made under more than one Insuring Agreement. If any Single Loss
     covered under this Bond is recoverable or recovered in whole or in part
     because of an unexpired discovery period under any other bonds or policies
     issued by the Underwriter to the Insured or to any predecessor in interest
     of the Insured, the maximum liability of the Underwriter shall be the
     greater of either (1) the applicable Limit of Liability under this Bond, or
     (2) the maximum liability of the Underwriter under such other bonds or
     policies.

SECTION 11.  OTHER INSURANCE

     Notwithstanding anything to the contrary herein, if any loss covered by
     this Bond shall also be covered by other insurance or suretyship for the
     benefit of the Insured, the Underwriter shall be liable hereunder only for
     the portion of such loss in excess of the amount recoverable under such
     other insurance or suretyship, but not exceeding the applicable Limit of
     Liability of this Bond.



SECTION 12.  DEDUCTIBLE AMOUNT

     The Underwriter shall not be liable under any Insuring Agreement unless the
     amount of the loss covered thereunder, after deducting the net amount of
     all reimbursement and/or recovery received by the Insured with respect to
     such loss (other than from any other bond, suretyship or insurance policy
     or as an advance by the Underwriter hereunder) shall exceed the applicable
     Deductible Amount; in such case the Underwriter shall be liable only for
     such excess, subject to the applicable Limit of Liability and the other
     terms of this Bond.

     No Deductible Amount shall apply to any loss covered under Insuring
     Agreement A sustained by any Investment Company named as an Insured.

SECTION 13.  TERMINATION

     The Underwriter may terminate this Bond as to any Insured or all Insureds
     only by written notice to such Insured or Insureds and, if this Bond is
     terminated as to any Investment Company, to each such Investment Company
     terminated thereby and to the Securities and Exchange Commission,
     Washington, D.C., in all cases not less than sixty (60) days prior to the
     effective date of termination specified in such notice.

     The Insured may terminate this Bond only by written notice to the
     Underwriter not less than sixty (60) days prior to the effective date of
     the termination specified in such notice. Notwithstanding the foregoing,
     when the Insured terminates this Bond as to any Investment Company, the
     effective date of termination shall be not less than sixty (60) days from
     the date the Underwriter provides written notice of the termination to each
     such Investment Company terminated thereby and to the Securities and
     Exchange Commission, Washington, D.C.

     This Bond will terminate as to any Insured that is a Non-Fund immediately
     and without notice upon (1) the takeover of such Insured's business by any
     State or Federal official or agency, or by any receiver or liquidator, or
     (2) the filing of a petition under any State or Federal statute relative to
     bankruptcy or reorganization of the Insured, or assignment for the benefit
     of creditors of the Insured.

     Premiums are earned until the effective date of termination. The
     Underwriter shall refund the unearned premium computed at short rates in
     accordance with the Underwriter's standard short rate cancellation tables
     if this Bond is terminated by the Insured or pro rata if this Bond is
     terminated by the Underwriter.

     Upon the detection by any Insured that an Employee has committed any
     Dishonest or Fraudulent Act(s) or Theft, the Insured shall immediately
     remove such Employee from a position that may enable such Employee to cause
     the Insured to suffer a loss by any subsequent Dishonest or Fraudulent
     Act(s) or Theft. The Insured, within two (2) business days of such
     detection, shall notify the Underwriter with full and complete particulars
     of the detected Dishonest or Fraudulent Act(s) or Theft.

     For purposes of this section, detection occurs when any partner, officer,
     or supervisory employee of any Insured, who is not in collusion with such
     Employee, becomes aware that the Employee has committed any Dishonest or
     Fraudulent Act(s) or Theft.

     This Bond shall terminate as to any Employee by written notice from the
     Underwriter to each Insured and, if such Employee is an Employee of an
     Insured Investment Company, to the Securities and Exchange Commission, in
     all cases not less than sixty (60) days prior to the effective date of
     termination specified in such notice.

SECTION 14.  RIGHTS AFTER TERMINATION

     At any time prior to the effective date of termination of this Bond as to
     any Insured, such Insured may, by written notice to the Underwriter, elect
     to purchase the right under this Bond to an additional period of twelve
     (12) months within which to discover loss sustained by such Insured prior
     to the effective date of such termination and shall pay an additional
     premium therefor as the Underwriter may require.

     Such additional discovery period shall terminate immediately and without
     notice upon the takeover of such Insured's business by any State or Federal
     official or agency, or by any receiver or liquidator. Promptly after such
     termination the Underwriter shall refund to the Insured any unearned
     premium.

     The right to purchase such additional discovery period may not be exercised
     by any State or Federal official or agency, or by any receiver or
     liquidator, acting or appointed to take over the Insured's business.

SECTION 15.  CENTRAL HANDLING OF SECURITIES

     The Underwriter shall not be liable for loss in connection with the central
     handling of securities within the systems established and maintained by any
     Depository ("Systems"), unless the amount of such loss exceeds the amount
     recoverable or recovered under any bond or policy or participants' fund
     insuring the Depository against such loss (the "Depository's Recovery"); in
     such case the Underwriter shall be liable hereunder only for the Insured's
     share of such excess loss, subject to the applicable Limit of Liability,
     the Deductible Amount and the other terms of this Bond.

     For determining the Insured's share of such excess loss, (1) the Insured
     shall be deemed to have an interest in any certificate representing any
     security included within the Systems equivalent to the interest the Insured
     then has in all certificates representing the same security included within
     the Systems; (2) the Depository shall have reasonably and fairly
     apportioned the Depository's Recovery among all those having an interest as
     recorded by appropriate entries in the books and records of the Depository
     in Property involved in such loss, so that each such interest shall share
     in the Depository's Recovery in the ratio that the value of each such
     interest bears to the total value of all such interests; and (3) the
     Insured's share of such excess loss shall be the amount of the Insured's
     interest in such Property in excess of the amount(s) so apportioned to the
     Insured by the Depository.

     This Bond does not afford coverage in favor of any Depository or Exchange
     or any nominee in whose name is registered any security included within the
     Systems.

SECTION 16.  ADDITIONAL COMPANIES INCLUDED AS INSURED

     If more than one entity is named as the Insured:

     A.  the total liability of the Underwriter hereunder for each Single Loss
         shall not exceed the Limit of Liability which would be applicable if
         there were only one named Insured, regardless of the number of Insured
         entities which sustain loss as a result of such Single Loss,

     B.  the Insured first named in Item 1 of the Declarations shall be deemed
         authorized to make, adjust, and settle, and receive and enforce payment
         of, all claims hereunder as the agent of each other Insured for such
         purposes and for the giving or receiving of any notice required or
         permitted to be given hereunder; provided, that the Underwriter shall
         promptly furnish each named Insured Investment Company with (1) a copy
         of this Bond and any amendments thereto, (2) a copy of each formal
         filing of a claim hereunder by any other Insured, and (3) notification
         of the terms of the settlement of each such claim prior to the
         execution of such settlement,

     C.  the Underwriter shall not be responsible or have any liability for the
         proper application by the Insured first named in Item 1 of the
         Declarations of any payment made hereunder to the first named Insured,

     D.  for the purposes of Sections 4 and 13, knowledge possessed or discovery
         made by any partner, officer or supervisory Employee of any Insured
         shall constitute knowledge or discovery by every named Insured,

     E.  if the first named Insured ceases for any reason to be covered under
         this Bond, then the Insured next named shall thereafter be considered
         as the first named Insured for the purposes of this Bond, and

     F.  each named Insured shall constitute "the Insured" for all purposes of
         this Bond.

SECTION 17.  NOTICE AND CHANGE OF CONTROL

     Within thirty (30) days after learning that there has been a change in
     control of an Insured by transfer of its outstanding voting securities the
     Insured shall give written notice to the Underwriter of:

     A.  the names of the transferors and transferees (or the names of the
         beneficial owners if the voting securities are registered in another
         name), and

     B.  the total number of voting securities owned by the transferors and the
         transferees (or the beneficial owners), both immediately before and
         after the transfer, and

     C.  the total number of outstanding voting securities.

     As used in this Section, "control" means the power to exercise a
     controlling influence over the management or policies of the Insured.

SECTION 18.  CHANGE OR MODIFICATION

     This Bond may only be modified by written Rider forming a part hereof over
     the signature of the Underwriter's authorized representative. Any Rider
     which modifies the coverage provided by Insuring Agreement A, Fidelity, in
     a manner which adversely affects the rights of an Insured Investment
     Company shall not become effective until at least sixty (60) days after the
     Underwriter has given written notice thereof to the Securities and Exchange
     Commission, Washington, D.C., and to each Insured Investment Company
     affected thereby.

IN WITNESS WHEREOF, the Underwriter has caused this Bond to be executed on the
Declarations Page.





                          ICI MUTUAL INSURANCE COMPANY

                         INVESTMENT COMPANY BLANKET BOND

                                   RIDER NO. 1


INSURED                                                          BOND NUMBER

Seligman Data Corp.                                                  87167106B

EFFECTIVE DATE      D PERIOD                         AUTHORIZED REPRESENTATIVE

July 24, 2006       24, 2006 to July 24, 2007         /S/ Catherine Dalton


In consideration of the premium charged for this Bond, it is hereby understood
and agreed that Item 1 of the Declarations, Name of Insured, shall include the
following:

        J. & W. Seligman & Co. Incorporated Matched Accumulation Plan Seligman
        Advisors, Inc. Seligman Data Corp. Employees' Thrift Plan Seligman
        Capital Fund, Inc.
        Seligman Cash Management Fund, Inc.
        Seligman Common Stock Fund, Inc.
        Seligman Communications and Information Fund, Inc.
        Seligman Frontier Fund, Inc.
        Seligman Growth Fund, Inc.
        Seligman Global Fund Series, Inc., a series fund consisting of:
        o        Emerging Markets Fund
        o        Global Growth Fund
        o        Global Smaller Companies Fund
        o        Global Technology Fund
        o        International Growth Fund
        Seligman High Income Fund Series, a series fund consisting of:
        o        High-Yield Fund
        o        U.S. Government Securities Fund
        Seligman Income and Growth Fund, Inc.
        Seligman Investment Grade Fixed Income Fund, Inc.
        Seligman LaSalle Real Estate Fund Series, Inc., a series fund
        consisting of:
          o  Seligman LaSalle Monthly Dividend Real Estate Fund
        Seligman Municipal Fund Series, Inc., a series fund consisting of:
        o        Seligman Colorado Series
        o        Seligman Georgia Series
        o        Seligman Louisiana Series
        o        Seligman Maryland Series
        o        Seligman Massachusetts Series
        o        Seligman Michigan Series
        o        Seligman Minnesota Series
        o        Seligman Missouri Series
        o        Seligman National Series
        o        Seligman New York Series
        o        Seligman Ohio Series
        o        Seligman Oregon Series
        o        Seligman South Carolina Series
        Seligman Municipal Series Trust, a series fund consisting of:
        o        California High-Yield Series
        o        California Quality Series
        o        Florida Series
        o        North Carolina Series
        Seligman New Jersey Municipal Fund, Inc.
        Seligman New Technologies Fund, Inc.
        Seligman New Technologies Fund II, Inc.
        Seligman Pennsylvania Municipal Fund Series
        Seligman Portfolios, Inc., a series fund consisting of:
        o        Capital Portfolio
        o        Cash Management Portfolio
        o        Common Stock Portfolio
        o        Communications and Information Portfolio
        o        Frontier Portfolio
        o        Global Growth Portfolio
        o        Global Smaller Companies Portfolio
        o        Global Technology Portfolio
        o        High-Yield Bond Portfolio
        o        Income and Growth Portfolio
        o        International Growth Portfolio
        o        Investment Grade Fixed Income Portfolio
        o        Large-Cap Growth Portfolio
        o        Large-Cap Value Portfolio
        o        Smaller-Cap Value Portfolio
        Seligman Quality Municipal Fund, Inc.
        Seligman Select Municipal Fund, Inc.
        Seligman TargetHorizon ETF Portfolios, Inc., a series fund consisting
        of:
        o        Seligman TargetFund 2025
        o        Seligman TargetFund 2015
        o        Seligman TargetFund Core
        Seligman Time Horizon/Harvester Fund Series, Inc., a series fund
        consisting of:
        o        Seligman Harvester Fund
        o        Seligman Time Horizon 10 Fund
        o        Seligman Time Horizon 20 Fund
        o        Seligman Time Horizon 30 Fund
        Seligman Value Fund Series, Inc., a series fund consisting of:
        o        Seligman Large-Cap Value Fund
        o        Seligman Smaller-Cap Value Fund
        Tri-Continental Corporation

Except as above stated, nothing herein shall be held to alter, waive or extend
any of the terms of this Bond.






                          ICI MUTUAL INSURANCE COMPANY

                         INVESTMENT COMPANY BLANKET BOND

                                   RIDER NO. 2



INSURED                                                         BOND NUMBER

Seligman Data Corp.                                               87167106B

EFFECTIVE DATE   BOND PERIOD                         AUTHORIZED REPRESENTATIVE

July 24, 2006      July 24, 2006 to July 24, 2007         /S/ Catherine Dalton


In consideration of the premium charged for this Bond, it is hereby understood
and agreed that this Bond (other than Insuring Agreements C and D) does not
cover loss resulting from or in connection with any business, activities, or
acts or omissions of (including services rendered by) any Insured which is not
an Insured Fund ("Non-Fund") or any Employee of a Non-Fund, except loss,
otherwise covered by the terms of this Bond, resulting from or in connection
with (1) services rendered by a Non-Fund to an Insured Fund, or to shareholders
of such Fund in connection with the issuance, transfer, or redemption of their
Fund shares, or (2) in the case of a Non-Fund substantially all of whose
business is rendering the services described in (1) above, the general business,
activities or operations of such Non-Fund, excluding (a) the rendering of
services (other than those described in (1) above) to any person, or (b) the
sale of goods or property of any kind.

It is further understood and agreed that with respect to any Non-Fund, Insuring
Agreements C and D only cover loss of Property which a Non-Fund uses or holds,
or in which a Non-Fund has an interest, in each case wholly or partially in
connection with the rendering of services by a Non-Fund to an Insured Fund, or
to shareholders of such Fund in connection with the issuance, transfer, or
redemption of their Fund shares.

Except as above stated, nothing herein shall be held to alter, waive or extend
any of the terms of this Bond.





                          ICI MUTUAL INSURANCE COMPANY

                         INVESTMENT COMPANY BLANKET BOND

                                   RIDER NO. 3



INSURED                                                            BOND NUMBER

Seligman Data Corp.                                                 87167106B

EFFECTIVE DATE     END PERIOD                         AUTHORIZED REPRESENTATIVE

July 24, 2006      July 24, 2006 to July 24, 2007         /S/ Catherine Dalton


In consideration of the premium charged for this Bond, it is hereby understood
and agreed that this Bond (other than Insuring Agreements C and D) does not
cover loss resulting from or in connection with any business, activities, acts
or omissions of any Insured or any Employee of any Insured where such loss is
based upon, arises out of or in any way involves the provision of services to
any Plan, EXCEPT loss, otherwise covered by the terms of this Bond, resulting
from, or in connection with the business of:

     (a) the provision of Investment Advisory Services by an Insured to any
In-House Plan; or

     (b) the provision of Administrative Services by an Insured to any In-House
Plan;

It is further understood and agreed that Insuring Agreements C and D only cover
loss of Property which an Insured uses or holds, or in which the Insured has an
interest, in each case in connection with (a) or (b) above.

It is further understood and agreed that notwithstanding the foregoing, this
Bond (other than Insuring Agreements C and D) does not cover loss resulting from
or in connection with, and Insuring Agreements C and D do not cover loss of
Property which an Insured uses or holds, or in which it has an interest, in each
case in connection with:

(1)      the discretionary voting by or on behalf of any Plan of Designated
         Securities owned or held by such Plan, unless, in the case of a vote by
         or on behalf of the Plan, such vote was pursuant to the direction of a
         majority of trustees of such Plan who were not then Interested
         Trustees;

(2)      custodial services for the safekeeping and custody of securities or
         other property;

(3)      liability of an Insured arising from its status as the employer of
         employees covered by a Plan (including liability arising from the
         Insured's failure to collect contributions or to pay benefits).


It is further understood and agreed that for purposes of this rider:

(1)      "Administrative Services" shall mean administrative services,
         including, without limitation, voting securities which are Plan assets,
         causing Plan assets to be invested as directed in accordance with the
         Plan, and maintaining records and preparing reports with respect to
         Plan contributions, participant accounts and investments.

(2)      "Affiliated Entity" means any entity controlling, controlled by, or
         under common control with an Insured.

(3)      "Designated Securities" means securities issued by an Insured, or by
         any Affiliated Entity, or by any Fund to which such Insured or any
         Affiliated Entity provides any services.

(4)      "Interested Trustee" means any trustee of a Plan who is also (a) an
         officer, director, trustee, partner or employee of, or who owns,
         controls, or holds power to vote 5% or more of the outstanding voting
         securities of, (i) any Insured (other than such Plan), or (ii) any
         Affiliated Entity, or (iii) any Fund to which such Insured or any
         Affiliated Entity provides any services, or (b) an Insured or an
         Affiliated Entity.

(5)      "Plan" means any retirement or employee benefit plan, including any
         trust relating thereto.

(6)      "In-House Plan" means any Plan for employees of an Insured, or for any
         Affiliated Entity, but always excluding employee stock ownership plans,
         stock bonus plans, and any trusts relating thereto.

It is further understood and agreed that with respect to In-House Plans, for
purposes of Rider No. 2 of this bond only, an In-House Plan named as an Insured
under this bond shall not be deemed to be a Non-Fund.

Except as above stated, nothing herein shall be held to alter, waive or extend
any of the terms of this Bond.







                          ICI MUTUAL INSURANCE COMPANY

                         INVESTMENT COMPANY BLANKET BOND

                                   RIDER NO. 4



INSURED                                                          BOND NUMBER

Seligman Data Corp.                                                 87167106B
------------
EFFECTIVE DATE   BOND PERIOD                         AUTHORIZED REPRESENTATIVE

July 24, 2006     July 24, 2006 to July 24, 2007         /S/ Catherine Dalton


In consideration of the premium charged for this Bond, it is hereby understood
and agreed that notwithstanding Section 2.Q of this Bond, this Bond is amended
by adding an additional Insuring Agreement J as follows:

     J. COMPUTER SECURITY

Loss (including loss of Property) resulting directly from Computer Fraud;
provided, that the Insured has adopted in writing and generally maintains and
follows during the Bond Period all Computer Security Procedures. The isolated
failure of the Insured to maintain and follow a particular Computer Security
Procedure in a particular instance will not preclude coverage under this
Insuring Agreement, subject to the specific exclusions herein and in the Bond.

     1. Definitions. The following terms used in this Insuring Agreement shall
have the following meanings:

         a.   "Authorized User" means any person or entity designated by the
              Insured (through contract, assignment of User Identification, or
              otherwise) as authorized to use a Covered Computer System, or any
              part thereof. An individual who invests in an Insured Fund shall
              not be considered to be an Authorized User solely by virtue of
              being an investor.

         b.   "Computer Fraud" means the unauthorized entry of data into, or the
              deletion or destruction of data in, or change of data elements or
              programs within, a Covered Computer System which:

              (1) is committed by any Unauthorized Third Party anywhere, alone
                  or in collusion with other Unauthorized Third Parties; and

              (2) is committed with the conscious manifest intent (a) to cause
                  the Insured to sustain a loss, and (b) to obtain financial
                  benefit for the perpetrator or any other person; and

              (3) causes (x) Property to be transferred, paid or delivered; or
                  (y) an account of the Insured, or of its customer, to be
                  added, deleted, debited or credited; or (z) an unauthorized or
                  fictitious account to be debited or credited.

         c.   "Computer Security Procedures" means procedures for prevention of
              unauthorized computer access and use and administration of
              computer access and use as provided in writing to the Underwriter.

         d.   "Covered Computer System" means any Computer System as to which
              the Insured has possession, custody and control.

         e.   "Unauthorized Third Party" means any person or entity that, at the
              time of the Computer Fraud, is not an Authorized User.

         f.   "User Identification" means any unique user name (i.e., a series
              of characters) that is assigned to a person or entity by the
              Insured.

     2. Exclusions. It is further understood and agreed that this Insuring
Agreement J shall not cover:

         a.   Any loss covered under Insuring Agreement A, "Fidelity," of this
              Bond; and

         b.   Any loss resulting directly or indirectly from Theft or
              misappropriation of confidential or proprietary information,
              material or data (including but not limited to trade secrets,
              computer programs or customer information); and

         c.   Any loss resulting from the intentional failure to adhere to one
              or more Computer Security Procedures; and

         d.   Any loss resulting from a Computer Fraud committed by or in
              collusion with:

              (1) any Authorized User (whether a natural person or an entity);
or

              (2)   in the case of any Authorized User which is an entity, (a)
                    any director, officer, partner, employee or agent of such
                    Authorized User, or (b) any entity which controls, is
                    controlled by, or is under common control with such
                    Authorized User ("Related Entity"), or (c) any director,
                    officer, partner, employee or agent of such Related Entity;
                    or

              (3)   in the case of any Authorized User who is a natural person,
                    (a) any entity for which such Authorized User is a
                    director, officer, partner, employee or agent
                    ("Employer Entity"), or
                    (b) any director, officer, partner, employee or agent of
                    such Employer Entity, or (c) any entity which controls, is
                    controlled by, or is under common control with such Employer
                    Entity ("Employer-Related Entity"), or (d) any director,
                    officer, partner, employee or agent of such
                    Employer-Related Entity;

              and

         e.   Any loss resulting from physical damage to or destruction of any
              Covered Computer System, or any part thereof, or any data, data
              elements or media associated therewith; and

         f.   Any loss resulting from Computer Fraud committed by means of
              wireless access to any Covered Computer System, or any part
              thereof, or any data, data elements or media associated therewith;
              and

         g.   Any loss not directly and proximately caused by Computer Fraud
              (including, without limitation, disruption of business and extra
              expense); and

         h.   Payments made to any person(s) who has threatened to deny or has
              denied authorized access to a Covered Computer System or otherwise
              has threatened to disrupt the business of the Insured.

For purposes of this Insuring Agreement, "Single Loss," as defined in Section
1.X of this Bond, shall also include all loss caused by Computer Fraud(s)
committed by one person, or in which one person is implicated, whether or not
that person is specifically identified. A series of losses involving
unidentified individuals, but arising from the same method of operation, may be
deemed by the Underwriter to involve the same individual and in that event shall
be treated as a Single Loss.

It is further understood and agreed that nothing in this Rider shall affect the
exclusion set forth in Section 2.0 of this Bond.

Coverage under this Insuring Agreement shall terminate upon termination of this
Bond. Coverage under this Insuring Agreement may also be terminated without
terminating this Bond as an entirety:

         (a)    by written  notice  from the  Underwriter  not less than sixty
                (60) days prior to the  effective  date of termination
                specified in such notice; or

         (b)    immediately by written notice from the Insured to the
                Underwriter.

Except as above stated, nothing herein shall be held to alter, waive or extend
any of the terms of this Bond.





                          ICI MUTUAL INSURANCE COMPANY

                         INVESTMENT COMPANY BLANKET BOND

                                   RIDER NO. 5



INSURED                                                            BOND NUMBER

Seligman Data Corp.                                                  87167106B

EFFECTIVE DATE   BOND PERIOD                         AUTHORIZED REPRESENTATIVE

July 24, 2006      July 24, 2006 to July 24, 2007         /S/ Catherine Dalton


In consideration of the premium charged for this Bond, it is hereby understood
and agreed that:

         1.   In the event that a loss is covered under more than one bond
              issued to Seligman Data Corp or any affiliates thereof issued by
              ICI Mutual Insurance Company, the total liability of ICI Mutual
              Insurance Company under all implicated bonds in combination shall
              not exceed the applicable Limit of Liability of the largest of the
              implicated bonds. In no event shall the applicable Limits of
              Liability of each of the implicated bonds be added together or
              otherwise combined to determine the total liability of ICI Mutual
              Insurance Company.

Except as above stated, nothing herein shall be held to alter, waive or extend
any of the terms of this Bond.






                          ICI MUTUAL INSURANCE COMPANY

                         INVESTMENT COMPANY BLANKET BOND

                                   RIDER NO. 6



INSURED                                                            BOND NUMBER

Seligman Data Corp.                                                  87167106B

EFFECTIVE DATE   BOND PERIOD                         AUTHORIZED REPRESENTATIVE

July 24, 2006     July 24, 2006 to July 24, 2007         /S/ Catherine Dalton


In consideration of the premium charged for this Bond, it is hereby understood
and agreed that the Deductible Amount for Insuring Agreement E, Forgery or
Alteration, and Insuring Agreement F, Securities, shall not apply with respect
to loss through Forgery of a signature on the following documents:

           (1)  letter requesting redemption of $50,000 or less payable by check
                to the shareholder of record and addressed to the address of
                record; or,

           (2)  letter requesting redemption of $50,000 or less by wire transfer
                to the record shareholder's bank account of record; or

           (3)  written request to a trustee or custodian for a Designated
                Retirement Account ("DRA") which holds shares of an Insured
                Fund, where such request (a) purports to be from or at the
                instruction of the Owner of such DRA, and (b) directs such
                trustee or custodian to transfer $50,000 or less from such DRA
                to a trustee or custodian for another DRA established for the
                benefit of such Owner;

provided, that the Limit of Liability for a Single Loss as described above shall
be $50,000 and that the Insured shall bear 20% of each such loss. This Rider
shall not apply in the case of any such Single Loss which exceeds $50,000; in
such case the Deductible Amounts and Limits of Liability set forth in Item 3 of
the Declarations shall control.

For purposes of this Rider:

                (A) "Designated Retirement Account" means any retirement plan or
                    account described or qualified under the Internal Revenue
                    Code of 1986, as amended, or a subaccount thereof.

                (B) "Owner" means the individual for whose benefit the DRA, or a
                    subaccount thereof, is established.

Except as above stated, nothing herein shall be held to alter, waive or extend
any of the terms of this Bond.





                          ICI MUTUAL INSURANCE COMPANY

                         INVESTMENT COMPANY BLANKET BOND

                                   RIDER NO. 7



INSURED                                                            BOND NUMBER

Seligman Data Corp.                                                  87167106B

EFFECTIVE DATE   BOND PERIOD                         AUTHORIZED REPRESENTATIVE

July 24, 2006     July 24, 2006 to July 24, 2007         /S/ Catherine Dalton

In consideration of the premium charged for this Bond, it is hereby understood
and agreed that this Bond does not cover any loss resulting from or in
connection with the acceptance of any Third Party Check, unless

     (1)   such Third Party Check is used to open or increase an account which
           is registered in the name of one or more of the payees on such Third
           Party Check, and

     (2)   reasonable efforts are made by the Insured, or by the entity
           receiving Third Party Checks on behalf of the Insured, to verify all
           endorsements on all Third Party Checks made payable in amounts
           greater than $100,000 (provided, however, that the isolated failure
           to make such efforts in a particular instance will not preclude
           coverage, subject to the exclusions herein and in the Bond),

and then only to the extent such loss is otherwise covered under this Bond.

For purposes of this Rider, "Third Party Check" means a check made payable to
one or more parties and offered as payment to one or more other parties.

It is further understood and agreed that notwithstanding anything to the
contrary above or elsewhere in the Bond, this Bond does not cover any loss
resulting from or in connection with the acceptance of a Third Party Check
where:

     (1)   any payee on such Third Party Check reasonably appears to be a
           corporation or other entity; or

     (2)   such Third  Party  Check is made  payable in an amount  greater
           than  $100,000  and does not  include the purported endorsements
           of all payees on such Third Party Check.

It is further understood and agreed that this Rider shall not apply with respect
to any coverage that may be available under Insuring Agreement A, "Fidelity."

Except as above stated, nothing herein shall be held to alter, waive or extend
any of the terms of this Bond.





                          ICI MUTUAL INSURANCE COMPANY

                         INVESTMENT COMPANY BLANKET BOND

                                   RIDER NO. 8



INSURED                                                            BOND NUMBER

Seligman Data Corp.                                                  87167106B

EFFECTIVE DATE    BOND PERIOD                         AUTHORIZED REPRESENTATIVE

July 24, 2006     July 24, 2006 to July 24, 2007         /S/ Catherine Dalton


In consideration of the premium charged for this Bond, it is hereby understood
and agreed that, notwithstanding anything to the contrary in General Agreement A
of this Bond, Item 1 of the Declarations shall include any Newly Created
Investment Company or portfolio provided that the Insured shall submit to the
Underwriter within fifteen (15) days after the end of each calendar quarter, a
list of all Newly Created Investment Companies or portfolios, the estimated
annual assets of each Newly Created Investment Company or portfolio, and copies
of any prospectuses and statements of additional information relating to such
Newly Created Investment Companies or portfolios, unless said prospectuses and
statements of additional information have been previously submitted. Following
the end of a calendar quarter, any Newly Created Investment Company or portfolio
created within the preceding calendar quarter will continue to be an Insured
only if the Underwriter is notified as set forth in this paragraph, the
information required herein is provided to the Underwriter, and the Underwriter
acknowledges the addition of such Newly Created Investment Company or portfolio
to the Bond by a Rider to this Bond.

For purposes of this Rider, Newly Created Investment Company or portfolio shall
mean any Investment Company or portfolio for which registration with the SEC has
been declared effective for a time period of less than one calendar quarter.

Except as above stated, nothing herein shall be held to alter, waive or extend
any of the terms of this Bond.





                          ICI MUTUAL INSURANCE COMPANY

                         INVESTMENT COMPANY BLANKET BOND

                                   RIDER NO. 9



INSURED                                                            BOND NUMBER

Seligman Data Corp.                                                  87167106B

EFFECTIVE DATE   BOND PERIOD                         AUTHORIZED REPRESENTATIVE

July 24, 2006      July 24, 2006 to July 24, 2007         /S/ Catherine Dalton


In consideration for the premium charged for this Bond, it is hereby understood
and agreed that, with respect to Insuring Agreement I only, the Deductible
Amount set forth in Item 3 of the Declarations ("Phone/Electronic Deductible")
shall not apply with respect to a Single Loss, otherwise covered by Insuring
Agreement I, caused by:

(1)      a Phone/Electronic  Redemption  requested to be paid or made payable
         by check to the Shareholder of Record at the address of record; or

(2)      a  Phone/Electronic  Redemption  requested  to be paid or made
         payable by wire  transfer to the  Shareholder of Record's bank
         account of record,

provided, that the Limit of Liability for a Single Loss as described in (1) or
(2) above shall be the lesser of 80% of such loss or $40,000 and that the
Insured shall bear the remainder of each such Loss. This Rider shall not apply
if the application of the Phone/Electronic Deductible to the Single Loss would
result in coverage of greater than $40,000 or more; in such case the
Phone-initiated Deductible and Limit of Liability set forth in Item 3 of the
Declarations shall control.

For purposes of this Rider, "Phone/Electronic Redemption" means any redemption
of shares issued by an Investment Company, which redemption is requested (a) by
voice over the telephone, (b) by Telefacsimile.

Except as above stated, nothing herein shall be held to alter, waive or extend
any of the terms of this Bond.






                          ICI MUTUAL INSURANCE COMPANY

                         INVESTMENT COMPANY BLANKET BOND

                                  RIDER NO. 10



INSURED                                                           BOND NUMBER

Seligman Data Corp.                                                 87167106B

EFFECTIVE DATE        PERIOD                         AUTHORIZED REPRESENTATIVE

July 24, 2006      July 24, 2006 to July 24, 2007         /S/ Catherine Dalton
in consideration of the premium charged for this Bond, it is hereby understood
and agreed that notwithstanding anything to the contrary in this Bond (including
Insuring Agreement I), this Bond does not cover loss caused by a
Phone/Electronic Transaction requested:

         o  by use of an automated telephone tone or voice response system; or

         o by transmissions  over the Internet  (including any connected or
        associated  intranet or extranet) or utilizing modem or similar
         connections; or

         o by wireless  device  transmissions  over the  Internet (including
          any  connected  or  associated  intranet or extranet),

except insofar as such loss is covered under Insuring Agreement A "Fidelity" of
this Bond.

Except as above stated, nothing herein shall be held to alter, waive or extend
any of the terms of this Bond.









                          ICI MUTUAL INSURANCE COMPANY

                         INVESTMENT COMPANY BLANKET BOND

                                  RIDER NO. 11



INSURED                                                            BOND NUMBER

Seligman Data Corp.                                                 87167106B

EFFECTIVE DATE   BOND PERIOD                         AUTHORIZED REPRESENTATIVE

July 24, 2006    July 24, 2006 to July 24, 2007         /S/ Catherine Dalton


Most property and casualty insurers, including ICI Mutual Insurance Company
("ICI Mutual"), are subject to the requirements of the Terrorism Risk Insurance
Act of 2002, as amended (the "Act"). The Act establishes a Federal insurance
backstop under which ICI Mutual and these other insurers will be partially
reimbursed for future "insured losses" resulting from certified "acts of
terrorism." (Each of these bolded terms is defined by the Act.) The Act also
places certain disclosure and other obligations on ICI Mutual and these other
insurers.

Pursuant to the Act, any future losses to ICI Mutual caused by certified "acts
of terrorism" will be partially reimbursed by the United States government under
a formula established by the Act. Under this formula, the United States
government will reimburse ICI Mutual for 90% of ICI Mutual's "insured losses" in
excess of a statutorily established deductible until total insured losses of all
participating insurers reach $100 billion. If total "insured losses" of all
property and casualty insurers reach $100 billion during any applicable period,
the Act provides that the insurers will not be liable under their policies for
their portions of such losses that exceed such amount. Amounts otherwise payable
under this bond may be reduced as a result.

This bond has no express exclusion for "acts of terrorism." However, coverage
under this bond remains subject to all applicable terms, conditions and
limitations of the bond (including exclusions) that are permissible under the
Act. The portion of the premium that is attributable to any coverage potentially
available under the bond for "acts of terrorism" is one percent (1%).









                          ICI MUTUAL INSURANCE COMPANY

                         INVESTMENT COMPANY BLANKET BOND

                                  RIDER NO. 12



INSURED                                                         BOND NUMBER

Seligman Data Corp.                                               87167106B

EFFECTIVE DATE    BOND PERIOD                         AUTHORIZED REPRESENTATIVE

July 24, 2006     July 24, 2006 to July 24, 2007         /S/ Catherine Dalton


In consideration of the premium charged for this Bond, it is hereby understood
and agreed that not withstanding Section 9, Non-Reduction and Non Accumulation
of Liability and Total Liability, or any other provision of this Bond, the
liability of the Underwriter under this Bond with respect to any and all loss or
losses, under Insuring Agreement H, Uncollectible Items of Deposit, shall be
limited to an aggregate of Five Million Dollars ($5,000,000) for the Bond
Period, irrespective of the total amount of any such loss or losses.

Except as above stated, nothing herein shall be held to alter, waive or extend
any of the terms of this Bond.