SQF Seligman Quality Mun FD

Seligman Select Municipal Fund, Inc. (NYSE:SEL) announced that it currently estimates that 2.9% of the monthly distributions paid to common stockholders in 2005 will be in excess of the Fund's net investment income (i.e., a return of capital), but under applicable federal law, will be taxable as ordinary income. Seligman Quality Municipal Fund, Inc. (NYSE:SQF) announced that it currently estimates that 2.2% of the monthly distributions paid to common stockholders in 2005 will be in excess of the Fund's net investment income (i.e., a return of capital), but under applicable federal law, will be taxable as ordinary income. In each case, the remaining amount will be treated as "exempt interest" dividends for federal income tax purposes. The actual portion of the distributions that will be taxable will be provided to stockholders with their year-end tax statements. J. & W. Seligman & Co. Incorporated, a New York-based investment manager and advisor, was founded in 1864. As well as providing management and advisory services to institutional clients, the firm and its affiliates provide individuals a broad array of investment options, including the U.S.-based Seligman Group of Funds with more than 50 portfolios, a range of retirement services, and investment options offered within North Carolina's National College Savings Program, a 529 program. Additionally, it manages Tri-Continental Corporation, which is traded on the New York Stock Exchange, and a range of offshore investments available exclusively for non-U.S. investors. J. & W. Seligman & Co. Incorporated has an additional office in Palo Alto, California.