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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
028 D040900 189
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<PAGE> PAGE 42
062 A000900 N
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066 F000900 N
066 G000900 N
067 000900 N
068 A000900 N
068 B000900 Y
069 000900 N
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070 E020900 N
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070 F020900 N
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070 G020900 N
070 H010900 N
070 H020900 N
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<PAGE> PAGE 43
070 K010900 Y
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<PAGE> PAGE 44
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008 A001001 J. & W. SELIGMAN & CO. INCORPORATED
008 B001001 A
008 C001001 801-15798
008 D011001 NEW YORK
008 D021001 NY
008 D031001 10017
015 A001001 INVESTORS FIDUCIARY TRUST COMPANY
015 B001001 C
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<PAGE> PAGE 45
015 E011001 X
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<PAGE> PAGE 46
048 I021000 0.000
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<PAGE> PAGE 47
070 E011000 N
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<PAGE> PAGE 48
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<PAGE> PAGE 49
008 A001101 J. & W. SELIGMAN & CO. INCORPORATED
008 B001101 A
008 C001101 801-15798
008 D011101 NEW YORK
008 D021101 NY
008 D031101 10017
008 A001102 HENDERSON INVESTMENT MANAGEMENT LIMITED
008 B001102 S
008 C001102 801-55577
008 D011102 LONDON
008 D051102 ENGLAND
008 D061102 EC2M 2PA
015 A001101 MORGAN STANLEY TRUST COMPANY
015 B001101 C
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<PAGE> PAGE 50
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<PAGE> PAGE 51
063 A001100 0
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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008 A001201 J. & W. SELIGMAN & CO. INCORPORATED
008 B001201 A
008 C001201 801-15798
008 D011201 NEW YORK
008 D021201 NY
008 D031201 10017
008 A001202 HENDERSON INVESTMENT MANAGEMENT LIMITED
008 B001202 S
008 C001202 801-55577
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008 D061202 EC2M 2PA
015 A001201 MORGAN STANLEY TRUST COMPANY
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015 C031201 11201
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
070 I021200 N
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<PAGE> PAGE 57
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008 A001301 J. & W. SELIGMAN & CO. INCORPORATED
008 B001301 A
008 C001301 801-15798
008 D011301 NEW YORK
008 D021301 NY
008 D031301 10017
015 A001301 INVESTORS FIDUCIARY TRUST COMPANY
015 B001301 C
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<PAGE> PAGE 58
015 C021301 MO
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015 C041301 1307
015 E011301 X
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<PAGE> PAGE 59
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<PAGE> PAGE 60
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<PAGE> PAGE 61
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<PAGE> PAGE 62
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<PAGE> PAGE 63
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<PAGE> PAGE 64
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SIGNATURE THOMAS ROSE
TITLE TREASURER
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<PER-SHARE-NAV-END> 13.16
<EXPENSE-RATIO> 1.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 09
<NAME> SELIGMAN HENDERSON GLOBAL SMALLER COMPANIES PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 19751
<INVESTMENTS-AT-VALUE> 22994
<RECEIVABLES> 230
<ASSETS-OTHER> 355
<OTHER-ITEMS-ASSETS> 25
<TOTAL-ASSETS> 23604
<PAYABLE-FOR-SECURITIES> 116
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 46
<TOTAL-LIABILITIES> 162
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19733
<SHARES-COMMON-STOCK> 1555
<SHARES-COMMON-PRIOR> 1580
<ACCUMULATED-NII-CURRENT> (6)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 447
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3268
<NET-ASSETS> 23442
<DIVIDEND-INCOME> 132
<INTEREST-INCOME> 33
<OTHER-INCOME> (13)
<EXPENSES-NET> (156)
<NET-INVESTMENT-INCOME> (4)
<REALIZED-GAINS-CURRENT> 447
<APPREC-INCREASE-CURRENT> 2826
<NET-CHANGE-FROM-OPS> 3269
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 115
<NUMBER-OF-SHARES-REDEEMED> (140)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2937
<ACCUMULATED-NII-PRIOR> (2)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 112
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 166
<AVERAGE-NET-ASSETS> 22560
<PER-SHARE-NAV-BEGIN> 12.98
<PER-SHARE-NII> .006
<PER-SHARE-GAIN-APPREC> 2.094
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.08
<EXPENSE-RATIO> 1.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> SELIGMAN HENDERSON GLOBAL TECHNOLOGY PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 4626
<INVESTMENTS-AT-VALUE> 5128
<RECEIVABLES> 71
<ASSETS-OTHER> 201
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 5401
<PAYABLE-FOR-SECURITIES> 43
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13
<TOTAL-LIABILITIES> 56
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4592
<SHARES-COMMON-STOCK> 415
<SHARES-COMMON-PRIOR> 348
<ACCUMULATED-NII-CURRENT> (6)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 257
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 502
<NET-ASSETS> 5345
<DIVIDEND-INCOME> 11
<INTEREST-INCOME> 13
<OTHER-INCOME> 3
<EXPENSES-NET> (32)
<NET-INVESTMENT-INCOME> (5)
<REALIZED-GAINS-CURRENT> 257
<APPREC-INCREASE-CURRENT> 559
<NET-CHANGE-FROM-OPS> 811
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 185
<NUMBER-OF-SHARES-REDEEMED> (118)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1659
<ACCUMULATED-NII-PRIOR> (1)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 23
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 42
<AVERAGE-NET-ASSETS> 4632
<PER-SHARE-NAV-BEGIN> 10.59
<PER-SHARE-NII> (.019)
<PER-SHARE-GAIN-APPREC> 2.299
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.87
<EXPENSE-RATIO> 1.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 06
<NAME> SELIGMAN HENDERSON INTERNATIONAL PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 8603
<INVESTMENTS-AT-VALUE> 10580
<RECEIVABLES> 75
<ASSETS-OTHER> 237
<OTHER-ITEMS-ASSETS> 19
<TOTAL-ASSETS> 10911
<PAYABLE-FOR-SECURITIES> 126
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 39
<TOTAL-LIABILITIES> 165
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8236
<SHARES-COMMON-STOCK> 672
<SHARES-COMMON-PRIOR> 678
<ACCUMULATED-NII-CURRENT> 59
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 455
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1996
<NET-ASSETS> 10746
<DIVIDEND-INCOME> 132
<INTEREST-INCOME> 7
<OTHER-INCOME> (6)
<EXPENSES-NET> (71)
<NET-INVESTMENT-INCOME> 62
<REALIZED-GAINS-CURRENT> 455
<APPREC-INCREASE-CURRENT> 1150
<NET-CHANGE-FROM-OPS> 1667
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 61
<NUMBER-OF-SHARES-REDEEMED> (67)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1564
<ACCUMULATED-NII-PRIOR> (3)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 50
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 92
<AVERAGE-NET-ASSETS> 10175
<PER-SHARE-NAV-BEGIN> 13.54
<PER-SHARE-NII> .101
<PER-SHARE-GAIN-APPREC> 2.349
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.99
<EXPENSE-RATIO> 1.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> SELIGMAN HIGH-YIELD BOND PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 29500
<INVESTMENTS-AT-VALUE> 30395
<RECEIVABLES> 877
<ASSETS-OTHER> 77
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 31349
<PAYABLE-FOR-SECURITIES> 365
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 33
<TOTAL-LIABILITIES> 398
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28599
<SHARES-COMMON-STOCK> 2464
<SHARES-COMMON-PRIOR> 1961
<ACCUMULATED-NII-CURRENT> 1252
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 205
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 895
<NET-ASSETS> 30951
<DIVIDEND-INCOME> 68
<INTEREST-INCOME> 1271
<OTHER-INCOME> 0
<EXPENSES-NET> (96)
<NET-INVESTMENT-INCOME> 1243
<REALIZED-GAINS-CURRENT> 205
<APPREC-INCREASE-CURRENT> 59
<NET-CHANGE-FROM-OPS> 1507
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 709
<NUMBER-OF-SHARES-REDEEMED> (206)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7683
<ACCUMULATED-NII-PRIOR> 9
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 68
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 104
<AVERAGE-NET-ASSETS> 27600
<PER-SHARE-NAV-BEGIN> 11.87
<PER-SHARE-NII> .556
<PER-SHARE-GAIN-APPREC> .134
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.56
<EXPENSE-RATIO> .70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> SELIGMAN INCOME PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 13161
<INVESTMENTS-AT-VALUE> 14133
<RECEIVABLES> 131
<ASSETS-OTHER> 185
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 14449
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 29
<TOTAL-LIABILITIES> 29
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12793
<SHARES-COMMON-STOCK> 1263
<SHARES-COMMON-PRIOR> 1281
<ACCUMULATED-NII-CURRENT> 288
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 367
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 972
<NET-ASSETS> 14420
<DIVIDEND-INCOME> 97
<INTEREST-INCOME> 223
<OTHER-INCOME> 0
<EXPENSES-NET> (42)
<NET-INVESTMENT-INCOME> 278
<REALIZED-GAINS-CURRENT> 366
<APPREC-INCREASE-CURRENT> 138
<NET-CHANGE-FROM-OPS> 782
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 95
<NUMBER-OF-SHARES-REDEEMED> (113)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 585
<ACCUMULATED-NII-PRIOR> 11
<ACCUMULATED-GAINS-PRIOR> 1
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 28
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 43
<AVERAGE-NET-ASSETS> 14294
<PER-SHARE-NAV-BEGIN> 10.80
<PER-SHARE-NII> .216
<PER-SHARE-GAIN-APPREC> .394
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.41
<EXPENSE-RATIO> .60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> SELIGMAN LARGE-CAP VALUE PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 2-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> MAY-1-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 921
<INVESTMENTS-AT-VALUE> 912
<RECEIVABLES> 3
<ASSETS-OTHER> 217
<OTHER-ITEMS-ASSETS> 2
<TOTAL-ASSETS> 1134
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4
<TOTAL-LIABILITIES> 4
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1134
<SHARES-COMMON-STOCK> 114
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (9)
<NET-ASSETS> 1130
<DIVIDEND-INCOME> 1
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (1)
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 5
<APPREC-INCREASE-CURRENT> (9)
<NET-CHANGE-FROM-OPS> (4)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 115
<NUMBER-OF-SHARES-REDEEMED> (1)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1130
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6
<AVERAGE-NET-ASSETS> 613
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .004
<PER-SHARE-GAIN-APPREC> (.084)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.92
<EXPENSE-RATIO> .80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 14
<NAME> SELIGMAN SMALL-CAP VALUE PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 2-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> MAY-1-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 832
<INVESTMENTS-AT-VALUE> 779
<RECEIVABLES> 3
<ASSETS-OTHER> 281
<OTHER-ITEMS-ASSETS> 2
<TOTAL-ASSETS> 1065
<PAYABLE-FOR-SECURITIES> 58
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4
<TOTAL-LIABILITIES> 62
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1050
<SHARES-COMMON-STOCK> 110
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (1)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (53)
<NET-ASSETS> 1003
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (1)
<NET-INVESTMENT-INCOME> (1)
<REALIZED-GAINS-CURRENT> 7
<APPREC-INCREASE-CURRENT> (53)
<NET-CHANGE-FROM-OPS> (47)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 111
<NUMBER-OF-SHARES-REDEEMED> (1)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1003
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6
<AVERAGE-NET-ASSETS> 563
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (.007)
<PER-SHARE-GAIN-APPREC> (.843)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.15
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<PAGE>
SELIGMAN PORTFOLIOS, INC.
- ------------------------------------------------------------------------------
PROXY RESULTS
- ------------------------------------------------------------------------------
Shareholders of the Seligman Henderson Portfolios of Seligman Portfolios, Inc.
voted on the following proposals at a Special Meeting of Shareholders held on
June 30, 1998, in New York, New York. All proposals were approved. The
description of each proposal and number of shares voted are as follows:
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN
---------- ---------- ----------
<S> <C> <C> <C>
Approval of an interim subadvisory agreement
between J. & W. Seligman & Co. Incorporated
and Seligman Henderson Co.:
Seligman Henderson Global Growth
Opportunities Portfolio 525,499 14,528 23,485
Seligman Henderson Global Smaller
Companies Portfolio 1,498,340 11,945 47,863
Seligman Henderson Global
Technology Portfolio 357,448 1,942 26,231
Seligman Henderson International
Portfolio 666,380 926 10,510
Approval of a new subadvisory agreement
between J. & W. Seligman & Co. Incorporated
and Henderson Investment Management
Limited, effective July 1, 1998:
Seligman Henderson Global Growth
Opportunities Portfolio 502,196 16,497 44,819
Seligman Henderson Global Smaller
Companies Portfolio 1,450,810 14,829 92,509
Seligman Henderson Global
Technology Portfolio 346,676 73 38,872
Seligman Henderson International
Portfolio 657,730 2,582 17,504
</TABLE>
